July 6: 5 Things You Need to Know this Week
July 6, 2021
Photo of the Week: Meet the members of the NAFOA policy team — Nicholas Lovesee, Senior Policy Advisor; Will Stringer, Policy Specialist, and William Gollnick, Policy Communications Consultant.
EXPLORE SAN ANTONIO AT #NAFOAFALL21
NAFOA's 2021 Fall Finance & Tribal Economies Conference to be held September 27-28, 2021 at the Grand Hyatt San Antonio in San Antonio, will offer you the opportunity to attend educational sessions focused specifically on growing your tribe's economy, and also give you the unique chance to visit and explore the vibrant city of San Antonio.
FISCAL RECOVERY FUND SECOND STAGE OF DISTRIBUTIONS TO BEGIN
The Department of the Treasury announced it would begin the second stage of distributions to tribal governments from the $20 billion tribal portion of the State and Local Fiscal Recovery Fund. This second tranche is the remaining 35% of funds ($6.65 billion) and will be distributed based on 2019 employment numbers.
In its Dear Tribal Leader Letter, Treasury also announced a slight modification to the allocation formula to include a minimum payment to each tribal government of $1 million.
To open up the second phase of payments, Treasury has reached out to the designated point of contact asking this person to reenter the Submission Portal and confirm or amend the tribe's 2019 employment numbers that they already submitted to Treasury following the passage of the CARES Act.
The deadline for confirming or amending a Tribal government’s 2019 employment numbers is July 16, 2021, at 11:59 PM PST. If a Tribal government does not confirm or amend employment numbers by that deadline, the Tribal government will not be eligible to receive a share of the Employment Allocation.
3. FOR COMMUNITIES:
THE NUTS AND BOLTS OF CLAIMING THE ADVANCE CHILD TAX CREDIT
The Consumer Financial Protection Bureau invites you to join a free webinar about the upcoming Advance Child Tax Credit (CTC), monthly payments from the IRS to give financial relief to eligible families with children starting in July. The webinar will be held on Tuesday, July 13 from 1:00-2:00 p.m. EST. Registration is required.
This webinar will provide you with answers to key questions about the CTC, information about the CTC IRS portals, and details about who needs to take action to get money.
4. FOR TRIBES:
SUCCESSFUL STRATEGIES IN TRIBAL ENTERPRISE DIVERSIFICATION
This second session of the year-long Center for Indian Country Development (CICD) Policy Webinar Series is focused on understanding and addressing the strategic business decisions, challenges, and opportunities tribal enterprises face in today’s economic landscape.
Since time immemorial, tribal nations have innovated ways to provide for their communities’ well-being and prosperity. By necessity and through the exercise of self-determination, tribes have successfully created revenue-generating tribal enterprises and corporations. These tribal business entities not only fund the provision of public goods and services but also increase the capacity of tribes to expand and stabilize their economies and communities. As tribal business enterprises grow in capacity, size, and diversity, so does their role as important drivers of economic activity in Indian Country and beyond.
Join on July 14, 2021, at 1:00 – 2:00 p.m. CT to hear from tribal enterprise leaders who will discuss their experiences with diversification as a strategy for achieving long-term stability and economic resilience. Get a glimpse of economic-activity data across Indian Country and recent Federal Reserve Bank of Minneapolis-CICD research on tribal-business formation.
POKAGON BAND OF POTAWATOMI IS SEEKING SENIOR ACCOUNTING ANALYST
Position Summary: Coordinate and perform activities of internal accounting operations within the Department of Finance. Develop and oversee budgetary programs and work collaboratively with departments to develop and implement corrective actions in order to ensure budgetary compliance. Manage grant and Tribal program administration and report status and key performance indicators to the appropriate internal and external sources. Develop and implement general accounting processes for accurate and timely reporting. Prepare for and oversee the internal and external auditing processes.