March 18: 5 Things You Need to Know This Week

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Photo of the Week: Women’s History Month shines a spotlight on extraordinary women, including NAFOA’s Board Treasurer Amy Minniear, who crossed paths with the phenomenal Native actress and writer Jana Schmieding at the recent Tribal Energy Summit!

1. ACCOUNTING: TRIBAL INPUT NEEDED ON GASB GUIDANCE

As part of every Governmental Accounting Standards Advisory Council (GASAC) meeting, GASAC members have the opportunity to raise any issues in practice that may require the attention of the Board. The GASB’s success is determined in part on its ability to address accounting and financial reporting issues on a timely basis, and the GASAC members play an important role in identifying those issues.

Discussion question: What accounting or financial reporting issues, if any, are emerging in practice that you believe the Board should be made aware of?

Please submit your insights by Monday, April 8th.

2. TRAINING: SOCIAL SECURITY ADMINISTRATION OFFERING FREE TRAINING ON SSA PROGRAMS AND SERVICES THRU FY 2024

Wednesday, March 26, 2024, 10 AM EST
Thursday, March 27, 2024, 1:30 PM EST


The Social Security Administration is hosting another training series following the published Tribal Benefits Coordinator Guide with lessons that build upon the prior session starting with SSA Benefits 101 in March. You may find the Dear Tribal Leader Letter here, which includes more information and registration link.

Who should attend: All Social Workers, Tribal Benefit Coordinators, Navigators, and others that serve critical support roles to the American Indian Alaska Native people.

3. ICYMI: POLICY: TREASURY ANNOUNCES $105M FOR TRIBES IN LATEST ROUND OF SSBCI FUNDING

The United States Treasury announced a new round of approvals for tribal support under the State Small Business Credit Initiative (SSBCI), a 2010 program aimed at helping open new avenues to credit by supporting funding institutions.
Treasury Secretary Janet Yellen announced $105 million in new SSBCI funding via a video address this morning at the 2024 Reservation Economic Summit (RES) in Las Vegas. The funding round, the third announced by the Treasury over the past nine months, brings the total number of SSBCI-support tribes to 80 and the total amount awarded to $265 million.
Such investments are crucial in Indian Country, where nearly 46% of people in Native-majority census tracts live in banking deserts — more than 12 times the national average, Yellen said.
Source: Tribal Business News

4. WEBINAR:
CLEAN ENERGY TAX CREDITS Q&A PANEL

Wednesday, April 17, 2024, 3:00 PM – 04:00 PM ET

Join FORVIS for an interactive session with our clean energy tax credit panel and learn about the numerous incentives available for energy-efficient investments under the Inflation Reduction Act of 2022 (IRA). Attendees will have the opportunity to engage in a Q&A session with the panel regarding potential credit opportunities, technical issues related to claiming the credits, and updates to IRS guidance.

Topics of Discussion
Basic framework of IRA tax credit program
IRA tax credit opportunities, including which capital investments may qualify
The potential value of the tax credits and how to monetize the credits
Source: Forvis

5. JOBS:
CATAWBA INDIAN NATION SEEKING CONTROLLER

The Controller oversees the accounting and financial reporting functions of the organization and should have a strong knowledge of GAAP and financial reporting, as well as current GASB statements.  The Controller is responsible for the integrity and completeness of the financial statements, ensuring that the individual financial transactions are timely and accurately entered.
  
The Controller is part of the Financial Services Division of the primary government.

This position serves under the direction of the Executive Financial Director of the Financial Services Division. It requires the ability to interface with various members of the Division, tribal leadership, the accounting team, and all operational divisions of the primary government. Individuals must possess the ability to work and maintain highest degree of confidentiality due to the sensitive nature of the work.

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NAFOA Announces Former Yurok Tribal Leader Susan Masten As Interim Executive Director

NAFOA, founded as the Native American Finance Officers Association, names former Yurok Tribal Leader Susan Masten as its interim executive director effective today, June 1, 2023. She was appointed to the position by the NAFOA Board of Directors. As interim executive director, Masten will be responsible for managing the day-to-day operations of the organization, as well as leading its strategic direction.

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