November 7: 5 Things You Need to Know This Week

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Photo of the Week: NAFOA is always on the move. Last week, Executive Director Rico Frias joined the National Intertribal Tax Alliance for their conference hosted by the Eastern Band of Cherokee. (Pictured: Rico with NITA Chair Mary Mashunkashey)

1. NAFOA INSTITUTE: TODAY AT 2:00 PM – WEBINAR: FORECASTING WITH EXCEL’S POWERFUL SENSITIVITY TOOLS

 

Financial analysis is an area of opportunity and risk. Analysis should incorporate tests of sensitivity to changes in key variables using the most advanced tools available. Typical financial models do not effectively utilize these tools. This exposes the analyst to blind spots in their analysis. Analysts will want to obtain and become proficient in the use of the more sophisticated “what if” analysis tools of the trade.

Join us today, Monday, November 7 at 2:00 pm ET for Forecasting with Excel’s Powerful Sensitivity Tools to understand Excel’s powerful sensitivity tools and get the full power out of your financial models. This webinar is free and registration is required. 


2. ICYMI: INDIAN AFFAIRS AWARDS $3.9 MILLION TO PROMOTE ECONOMIC DEVELOPMENT IN TRIBAL COMMUNITIES

The Indian Affairs Office of Indian Economic Development announced grants under two programs that support economic development in Indian Country, the Native American Business Incubators Program and the Native American Business Development Institute Feasibility Study Program.

The Native American Business Incubators Program awarded grants totaling $2,926,924 to 10 Tribes and Tribal Organizations. These funds will be used to establish and operate business incubators that assist entrepreneurs by providing guidance and services like workspace, advice on how to access capital, business education, counseling and mentorship opportunities to navigate obstacles in transforming their innovative ideas into operational businesses.

The Native American Business Development Institute Feasibility Study Program awarded a total of $1 million to 15 Tribes and Tribal Organizations to fund feasibility studies that evaluate the viability and risks of an economic development project, opportunity, enterprise or business, or the practicality of a technology a Tribe may choose to pursue.


3. FINANCIAL MANAGEMENT: THE COUNTDOWN TO GASB COMPLIANCE: HOW TO PREPARE FOR GASB 86 AND GASB 96

Tuesday, November 15th at 2:00 PM ET

In this webinar, lease accounting experts from Visual Lease will provide useful tips and insights to help you successfully accomplish each step to ensure GASB compliance.

You will learn:

  • When to begin each phase of preparation ahead of the effective date
  • How much time to allocate to each step
  • A read-out of lease accounting best practices

Map your plan to lease accounting compliance with ease. As a bonus, each webinar attendee will receive access to our exclusive Lease Accounting Milestone Planner tool.


4. FROM THE NAFOA NAVIGATOR: CONTROLLING WASTE AND ABUSE

By LaDonna Sinning, Partner, Arledge & Associates, C.P.

Imagine a small grant program. $250,000 in grant revenue. In order to properly manage the grant, some training is needed. The program director finds a conference in Las Vegas that meets the training need. Then adds on a conference in Seattle the following few days that also assists with growing the knowledge to manage the grant. Finally, there is a conference in Hawaii the following week that is also informational with regards to the grant program. None of the conferences or travel costs are hidden or misrepresented. All are legitimate training. The total cost of the training after 10 days spent in Las Vegas, Seattle, and Honolulu is $100,000.

There are always a good number of presentations and discussions around fraud, but we rarely hear much about waste and abuse. Why is that? To answer this, we need to begin by discussing what waste and abuse look like.


5. JOBS: BLUE STONE STRATEGY PARTNERS IS SEEKING CHIEF EXECUTIVE OFFICER

The Chief Executive Officer (CEO) is responsible for oversight of the daily operations of the financial and brand development/marketing functions and for significant contributions to the formulation, implementation, and administration of corporate-wide policies and business goals. Oversee the above functions, while building out the foundational structure to meet the expected workplace culture and meet critical success factors of the reorganization.


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