Office of Management & Budget (OMB) proposed rule would make Tribal government financial records available for public inspection.
The proposed changes would significantly impact how federal grants are managed by both federal agencies and grant recipients and how auditors will perform Single Audits. The deadline for comments is June, 2nd 2013. Click here for more information.
NAFOA is looking for volunteers to participate in a group of Tribal finance representatives to solicit feedback prior to each of the 3 GASAC meetings.
If you are interested in participating, or have other questions or feedback related to Governmental Accounting Standards, please contact Tasha at:
(Tasha.Repp at mossadams.com)
The Native American Finance Officers
Association builds the
financial strength of tribal governments and their enterprises by providing
educational forums and resources, and by instilling finance and accounting
best practices. We are a national not-for-profit organization with members
in positions such as tribal finance officers, controllers, treasurers,
accountants, auditors, financial advisors, tribal leaders, and more.
is unique because we focus solely on the financial success of tribal
entities. We provide a central source for the latest in financial management
information and professional idea sharing. Through our network, members
connect with experts in various financial areas, specifically as they
apply to tribal governments and organizations.
We believe that sound
financial management strengthens tribal governments and organizations.
This creates strong Native American communities now and for generations
Find us on Facebook and Linked in
NAFOA utilizes AD PRO for design, awards and printing needs. AD PRO is a Native-owned company that designs and produces ads for all media, trade show/ convention exhibits, large format graphics, banners, signs and awards/promo items; and prints everything from business cards to brochures to catalogs. Please click HERE to visit their website or call them at 714-898-6364.
“New Financial Reporting
Model for Tribal Governments, Implementing GASB Statement 34” (Version
1.0) © NAFOA, All rights reserved
This guide is a resource for all who prepare, attest to, and use
Tribal Government financial statements. It contains guidance on developing
Tribal Government-wide financial statements in accordance with GASB
Statement 34, and has many pertinent questions and answers about
the unique operating environment of Tribal Governments. It was reviewed
by the GASB staff prior to issuance, and contains a set of illustrative
financial statements, and NAFOA’s Statement of Position regarding
the confidentiality of Tribal Government financial statements. This
guide is useful for: Tribal Council Members, Tribal Enterprise Board
Members, Tribal Management, Auditors, Accounting Management, Regulators,
"Tribal Business Structure Handbook"
(2009 ed.) © Karen J. Atkinson and Kathleen M.
Nilles, All rights reserved.
This guide is a comprehensive resource on the formation of tribal
business entities. Hailed in Indian Country Today as offering "one-stop
knowledge on business structuring," the Handbook reviews each
type of tribal business entity currently in use from the perspective
of sovereign immunity and legal liability, corporate formation and
governance, federal tax consequences and eligibility for special
financing. It covers governmental entities (e.g., instrumentalities,
political subdivisions and section 17 corporations) as well as the
more common business forms (corporations, partnerships and LLCs).
Clearly and simply written, it will be useful to a wide range of
users, including: Tribal Council members, Tribal enterprise directors
and executives, Finance officers, Tribal legal counsel, and those
entering into business or lending relationships with Tribal governments.