1. POLICY: OVERSIGHT HEARING ON “NATIVE COMMUNITIES’ PRIORITIES FOR THE 118TH CONGRESS”
NAFOA Executive Director Rico Frias will testify before the Senate Committee of Indian Affairs for an oversight hearing to examine Native communities’ priorities for the 118th Congress.
The hearing will take place on Wednesday, March 8 at 2:30 PM EST at 628 Dirksen Senate Office Building, Washington, D.C.
2. WEBINAR: LATCF OBLIGATION AND EXPENDITURE REPORTING WEBINAR FOR TRIBAL GOVERNMENTS
The US Department of the Treasury will host a training webinar on Tuesday, March 7 at 2:00 PM EST for Tribes to go over how to do the Local Assistance and Tribal Consistency Fund (LATCF) first Annual Obligation and Expenditure Report.
Each recipient will be responsible for submitting an annual Obligation and Expenditure Report to Treasury by March 31 of each year (beginning in 2023) until the recipient has submitted its final report accounting for expenditure of all LATCF funds received. Recipients that received their first tranche payments after December 31, 2022 are not required to submit an annual report by March 31, 2023, because that report covers the reporting period from January 1, 2022 to December 31, 2022.
Additionally, Treasury is extending the deadline for Tribal governments to complete their submissions to request funding from the Local Assistance and Tribal Consistency Fund (LATCF) to April 28, 2023, at 11:59 p.m. Alaskan Time. Requests for LATCF funding must be submitted through the Treasury Submission Portal. Please follow the instructions located on the LATCF webpage to access the portal and view the Tribe’s allocation. Treasury seeks to support all Tribal governments that are interested in submitting for the LATCF. Tribal governments may submit questions to LATCF@treasury.gov.
3. NEWSWORTHY: ‘A STEADY, CONSISTENT VOICE WITHIN TREASURY’
AN INDIGENOUS WOMAN WILL LEAD THE US DEPARTMENT OF TREASURY’S OFFICE OF TRIBAL AND NATIVE AFFAIRS
An Indigenous woman will become the first director of the Office of Tribal and Native Affairs at the U.S. Treasury. The tribal affairs office is first of its kind for the department and a permanent fixture.
Fatima Abbas, Haliwa Saponi, who was previously interim director of the office, will take over as the permanent director. The office will work closely with Indigenous nations to address specific needs identified by tribal leaders and to work with the Treasury Tribal Advisory Committee, a seven-member group that advises Treasury Secretary Janet Yellen on “taxation of Indians, the training of Internal Revenue Service field agents, and the provisions of training and technical assistance to Native American financial officers,” according to the Treasury.
Source: Indian Country Today
4. FINANCIAL MANAGEMENT: FINANCIAL ACCOUNTING FOUNDATION DEBUTS ENHANCED FREE ACCESS TO ONLINE ACCOUNTING STANDARDS CODIFICATION® AND GOVERNMENTAL ACCOUNTING RESEARCH SYSTEM™
The Financial Accounting Foundation (FAF) has launched its free, enhanced online access to the Accounting Standards Codification® and the Governmental Accounting Research System™, implementing a change announced to stakeholders last month.
The Accounting Standards Codification® (“the Codification”) is the complete and official version of Generally Accepted Accounting Standards (GAAP) published by the Financial Accounting Standards Board (FASB) and used by public companies, private companies, nonprofit organizations, and employee benefit plans in the United States. The Governmental Accounting Research System™ (“GARS”) is the complete and official version of GAAP published by the Governmental Accounting Standards Board (GASB) and used by states, cities, and other governmental entities in the United States.
While free versions of both the Codification and GARS have been available online for years, the new system provides enhanced features compared to the former free offering. These include enhancements to navigation, search, printing, and copy/paste.
5. JOBS: TUOLUMNE BAND OF THE ME WUK INDIANS IS SEEKING CHIEF FINANCIAL OFFICER
Under the general direction of the Chief Administrative Officer & Chairperson of the Tribe, responsibilities of the Chief Financial Officer will include, but are not limited to: fiscal management of all entities of the Tribe and any other new programs or entities which are created in the future; maintaining proper financial accountability and financial grant/contract compliance with funding sources; development and implementation of Tribal property, procurement, and fiscal policies.
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