|9:30 AM - 10:45 AM||
Track 1: Open Discussion with the Department of the Treasury and the Internal Revenue Service
The Department of the Treasury and the Internal Revenue Service continue to move forward implementing initiatives and policies that impact tribal governments. This forum will provide an opportunity for audience members to speak directly to key policymakers on the important issues of access to capital and tax policy. Consideration may be given to the Tribal Treasury Advisory Committee status, tax-exempt debt, pension guidance, the new tax treatment of per capita distributions on direct pay leases, and what to expect for Native issues in the new Administration.
Track 2: The Role of Internal Controls in Preventing Bank Account Fraud
Protecting hard-earned funds should be a high priority for all tribes. Having unseen weaknesses in internal controls often provides the opportunity for ethically-challenged workers, vendors, and contractors to perpetrate crimes. Prevention is the key to avoiding losses. Understanding the fundamentals of internal controls can be a powerful tool in preventing and detecting fraud and money laundering. Presenters will discuss best practices in internal controls, including conducting periodic audits, providing physical security of checks, signatures, and software, and requiring reconciliation of wire transfers, ACH releases, and understanding of Bank Secrecy Act polices.
Track 3: Active Due Diligence Part One: Five Questions Tribal Leadership Should Ask Before Starting a Project
In this first session of a two-part series on active due diligence of investment opportunities, presenters discuss what should be considered before starting a project. Tribal governments are approached frequently with business, development and community projects that show promise, but end up failing and costing the tribe a lot of time, money and resources. Projects can fail for many reasons, but are you asking the right questions up front to minimize the risk of failure? Panelists will discuss three questions that tribal leadership should ask before opening, acquiring, or partnering in a project: