May 30: 5 Things You Need to Know This Week

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Photo of the Week: Congratulations to the latest cohort of the in-person Introductory Tribal Finance & Accounting Certificate Program at Oklahoma State University! 

1. FOR TRIBES: TREASURY WEBINAR ON THE SINGLE AUDIT, WEDNESDAY, MAY 31

On Wednesday, May 31 from 3:00 – 4:00 PM Eastern Time, the U.S. Department of the Treasury is hosting a webinar on the Single Audit for Tribal governments.

Tribes participating in Treasury’s Office of Recovery Programs (ORP) are invited to participate in a special session on Single Audits.

Single Audit, previously known as the OMB Circular A-133 audit, is an organization-wide financial statement and federal awards’ audit of a non-federal entity that expends $750,000 or more in federal funds in one year. It is intended to provide assurance to the Federal Government that a non-federal entity has adequate internal controls in place, and is generally in compliance with program requirements.

This one-hour session will feature an overview of Single Audits by a Treasury staff member and will allow time for questions and answers with the speaker and HAF Treasury staff members.

Please be sure to ask the Treasury questions in advance in the registration form. You may also use the space to let Treasury staff know if there are any topics you’d like covered in a future session.


2. POLICY: TREASURY TRIBAL ADVISORY COMMITTEE TO HOLD PUBLIC MEETING JUNE 14TH

The U.S. Department of the Treasury Tribal Advisory Committee (TTAC) will be convening its 11th public meeting on Wednesday, June 14th from 1:00 to 4:00 pm ET.  Register to attend either in person or virtually. Registration will close at 5:00 pm. ET on Friday, June 9, 2023.

Participants are welcome to make public comments concerning TTAC and Tribal Taxation by emailing TTAC@treasury.gov. Comments are requested no later than 15 calendar days before a public meeting in order to be considered by the TTAC. The Department of the Treasury will post all comments received on its website.

During this meeting, the TTAC will advise the Secretary of Treasury on issues related to Federal taxation and report on the work of the subcommittees on General Welfare Exclusion, Dual Taxation, and Tribal Pensions, along with other tax issues relating to Indians. In addition, the TTAC will hear public comments, identify issues requiring tribal consultation, prioritize policy issues for discussion and action during 2023, and take other actions necessary to fulfill the TTAC’s mandate.

For more information, please see the notice published in the Federal Register or email TTAC@treasury.gov with questions or comments.


3. COMMUNITY: ONAC CREDIT COUNSELING, HOMEBUYER EDUCATION, AND/OR MONEY MANAGEMENT COACHING

The Oklahoma Native Assets Coalition (ONAC) is providing three types of free financial coaching to American Indians and Alaska Natives in the United States: 1) credit builder/credit counseling sessions, 2) homebuyer education, and 3) money management coaching (i.e. help with budgeting). From June 2020 to present, 635 tribal citizens (from 130 Native Nations and 40 states) have registered for the coaching.

Confidential sessions are offered one-on-one, by teleconference (Zoom) or phone call, with certified credit counselor, homebuyer education provider, and financial educators, Felecia Freeman (Citizen Potawatomi) and Karen Edwards (Choctaw). Typically, these sessions will last for an hour and, depending upon the financial coach, are available on weekdays and Saturday mornings.

If you are a tribal citizen interested in free financial coaching, please complete the sign-up form. Once the form has been submitted to ONAC, a financial coach will work with you to schedule a remote session. This confidential financial is available to any tribal citizen in the United States, regardless of where you reside.


4. FROM THE NAFOA NAVIGATOR: TRIBES PROTECTING TRIBES

In 1986, the insurance industry was rocked by instability and financial uncertainty. As a result, Indian Country was faced with limited coverage options and exorbitant premiums with no guarantee that the policies wouldn’t be canceled.

Tribal leaders came together with a radical vision and over 400 Tribes pooled their resources to form an insurance company rooted in the fundamental principle of “Tribes Protecting Tribes.” Today, AMERIND remains the only 100 percent Tribally owned and operated insurance provider committed to keeping Tribal money in Indian Country to strengthen tribal nations, citizens, and enterprises.

Through our fiscally sound and culturally responsive insurance products, Tribes can exercise their sovereignty and self-determination over their economies by protecting their people and keeping Tribal money in Indian Country.

By Tina Duncan, Director of Business Development, AMERIND


5. JOBS: TRAVOIS IS SEEKING ASSET MANAGER

This role supports the Travois New Markets team through ensuring compliance by all parties with the ongoing requirements of New Markets Tax Credit (NMTC) transactions. This involves working collaboratively with the staffs of health centers, early childhood education facilities and other Tribal economic development projects. The asset manager works with the chief financial officer and president and is experienced with reviewing financial statements and loan and investment documents.


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