January 25: 5 Things You Need to Know this Week
January 25, 2021
Photo of the Week: In Memoriam. NAFOA extends our condolences on the passing of Seminole Tribe of Florida former Chairman Max Osceola Jr. "Osceola is credited with helping to facilitate the Seminole's landmark purchase of the Hard Rock international chain in 2006, ensuring prosperity for the once-impoverished tribe and vowing to "buy Manhattan back one hamburger at a time." Read his obituary on CBS News. (Image credit: Larry Marrano / Getty Images)
1. PROFESSIONAL DEVELOPMENT:
TODAY! WEBINAR: APPLYING THE COST OF CAPITAL – PART 2: MECHANICS IN EXCEL
All capital, the money tribal organizations/enterprises have available for investments and other projects, has a cost (or demand for yield) associated with it. In this webinar, you will learn what the cost of capital is and how to compute the weighted average cost of capital (WACC). The course also touches on how to compute the individual costs - the cost of debt and cost of equity. This webinar is for accounting and finance personnel, and young professionals entering into tribal finance and accounting.
Join us on Monday, January 25 at 1:00 pm EST. The webinar is free and open to the public.
2. FOR STUDENTS AND YOUNG PROFESSIONALS:
WEBINAR: GETTING AHEAD OF RETIREMENT - A GUIDE FOR STUDENTS AND YOUNG PROFESSIONALS
It's never too early to think about retirement. In fact, the earlier you start planning, the more prepared you will be to retire comfortably. Join NAFOA and the American Indian College Fund and our featured speakers as we discuss some retirement tips for students and young professionals to set you on the right track.
Join our conversation on Wednesday, January 27 from 5:00 - 6:00pm ET. The webinar is free and open to the public. Registration is required.
CALL FOR NOMINATIONS FOR NAFOA'S LEADERSHIP AWARDS
NAFOA invites you to submit nominations for the 14th Annual Leadership Awards, which recognizes the excellence, innovation, and achievement of those who have inspired and shown a commitment to advancing tribal economies.
The two NAFOA Leadership Award categories we are seeking nominations for:
- Executive of the Year
- Education Program of the Year
Please see the Nomination & Eligibility Criteria Form for additional details.
Nomination Deadline: January 29, 2021
NAFOA SEEKS FINANCIAL MANAGEMENT POLICY SPECIALIST
NAFOA is seeking a Financial Management Policy Specialist to join our team. Primary roles and responsibilities including: seeks and maintaining knowledge and awareness of current accounting, investment, and economic development issues, policies having a potential impact on tribes, trends, theories, and research in financial management; develops and planning programs, services, special webinar, and in-person education events to support professional development objectives based on NAFOA’s organizational goals; and more.
Advanced degree preferred (law or MBA) or experience may be substituted for education in the primary areas required for this role (e.g., research, policy, business management, finance, or equivalent). Three years of experience in the general topic area of federal Indian policy. Prior government or industry experience may be substituted for direct policy experience.
PRESIDENT BIDEN SIGNS EXECUTIVE ORDER TO STRENGTHEN PANDEMIC RESPONSE, INCLUDING FOR TRIBES
On Thursday, January 21, President Joe Biden signed an Executive Order on a Sustainable Public Health Supply Chain. The purpose is to direct immediate actions to secure supplies for Federal, State, local, and Tribal governments, as well as health care workers and systems.
The executive order also calls for the Secretary of Health and Human Services to "consult with Tribal authorities and take steps, as appropriate and consistent with applicable law, to facilitate access to the Strategic National Stockpile for federally recognized Tribal governments, Indian Health Service healthcare providers, Tribal health authorities, and Urban Indian Organizations."