Accounting Basics for Tribes

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AUGUST 5 - 7
Venue & Location:  Flagstaff, AZ
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AUGUST 12 - 14
Venue & Location:  Native American Development Corporation
                   17 N 26th St
                   Billings, MT 59101 
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SEPTEMBER 4 - 6 
Venue & Location:  Ramkota Hotel & Conference Center
                   800 S. 3rd St.
                   Bismark, ND 58504
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OCTOBER 9 - 11
Venue & Location:  Ramkota Hotel
                   2111 N Lacrosse St
                   Rapid City, SD 57701
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Why Should I Attend?

Why I Should Attend?

Council/Board members have fiduciary responsibility for funds coming to the tribe will also benefit from this session as the entire process will be explained in terms that can be understood.

Interested financial and accounting managers and their staff who want to get ideas and tips on improving the accuracy of the data into their systems.  Program managers who need guidance about the information in the reports they receive will gain valuable insight while understanding the process from the perspective of all key players.  This session will help managers review current processes and review current planning, processes and key tasks in managing all aspects of their financial and accounting tasks

What Will I Learn?

What Will I Learn?

  • Basics of governmental accounting and how accounting practices affect federal awards
  • Impacts of GASB requirements on tribes and tribal organizations.
  • How to properly complete SF-425s’s
  • Reporting contract and grant expenditures, reporting contract savings for carryover; reporting program income
  • Requirements for tribal financial management systems
  • Federal audit and audit follow up requirements
Who Should Attend?

Who Should Attend?

This session is a must for those that have an integral role in overseeing or working within the financial and accounting management process.  Executives, administrative, finance, payroll, and accounting personnel.

We also highly recommend this session for program managers and their support staff, Tribal Council members, Treasurers, Tribal School boards, Transportation Boards, Health boards, Chartered organizations, Tribal Enterprise boards, Villages, Districts, Chapters, non-profit organizations and their staff.

Federal Audit Preperation & Follow-Up

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Print Registration

AUGUST 8 - 9
Venue & Location:  Flagstaff, AZ
                   REGISTER NOW!

AUGUST 15 - 16 
Venue & Location:  Native American Development Corporation 
                   17 N 26th St 
                   Billings, MT 59101 
                   REGISTER NOW! 

OCTOBER 9 - 11 
Venue & Location:  Ramkota Hotel 
                   2111 N Lacrosse St 
                   Rapid City, SD 57701 
                   REGISTER NOW!
Why Should I Attend?

Why I Should Attend?

The Single Audit Act of 1984 (Pub. L. 98-502; and as amended by the Single Audit Act Amendments of 1996) provides that tribes and tribal organizations that expend at least $750,000 annually in federal funds (new threshold under the Super Circular), must conduct single audits, or program specific audits, at least 9 months after the end of their fiscal year. The new OMB Super Circular, at Subpart F, replaced the previous OMB Circular A-133, to provide for consistency and uniformity among federal agencies. Each year the OMB updates a special audit compliance supplement that requires the tribes and their auditors to pay special attention to certain critical aspects of federal programs.

Indian tribes & tribal organizations are required to conduct annual audits as a requirement for receiving Federal assistance. Many tribes, however, experience problems in completing their audits causing contract and grant compliance issues. Some tribes are designated as “High Risk” because they are unable to complete their annual audits. Because they are unable to complete their annual audits, they are often not able to negotiate enter into Indirect Cost Rate Agreements and may have difficulty securing future federal grants. Audit deficiencies and resulting sanctions will impact a tribe’s ability to compete for and receive federal grants.

This course provides detailed instruction of the Single Audit Act, federal audit requirements, how to prepare for annual audits; and how to avoid disallowed costs. Learn what the auditors look for, what federal agencies look for in reviewing your audits; and how to draft & reconcile Statement of Expenditures for Federal Awards (SEFA). It will help you to understand the importance of how performing the basic and routine accounting functions can help avoid disastrous audits.

What Will I Learn?

What Will I Learn?

  • A review of the Single Audit Act
  • A Review of the new OMB Super Circular, Subpart F – Audit Requirements
  • Review of Indian Self-Determination Act financial reporting requirements
  • The Financial Statement Audit – What is it?
  • How to Prepare for Audits (Preparing Schedules)
  • What government agencies look for (cash surplus/deficit, grant receivables, “Due To – Due From”, accounts, deferred revenues, balance sheet reconciliation; closing entries)
  • What auditors look for (Statement of Expenditures for Federal Awards (SEFA) Schedule, audit report findings, significant deficiencies, material weaknesses)
  • What is a reportable condition?
  • Common types of findings – How to avoid them (lack of reporting, lack of documentation, questioned costs, segregation of duties)
  • Resolving disallowed costs
  • Federal sanctions for non-compliance
  • How non-compliance affects your organization for future federal awards
  • Collection of disallowed costs under Indian Self-Determination Act and OMB Super Circular
  • Tribal/federal roles and responsibilities
Who Should Attend?

Who Should Attend?

Tribal council members, chartered organizations school boards, health boards, tribal, program directors and managers; tribal grants/contracts staff, finance and accounting staff; tribal attorneys, tribal planners, grant writers, tribal consultants. Federal officials and federal awarding officials, federal contracting officers and their subordinates should also attend.