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NAFOA
NAFOA had a great time connecting with tribes and sharing our opportunities at the NCAI 81st Annual Convention & Marketplace. From left: Jaycee Salling, Program Specialist; VaRene Martin, 1st Vice President; and Amy Minniear, Treasurer. Photo courtesy NAFOA
5 Things You Need to Know this Week
This week we honor the Native veterans who have served.
Tuesday, November 12, 2024
Source: NAFOA

1. WEBINAR:
YOUR GUIDE TO GOVERNMENT AUDIT PREPARATION & YEAR-END CLOSE
December 4, 2024, 3:00 PM – 04:00 PM ET

Join Forvis Mazars for an informative webinar discussing the various ways to prepare for an audit on a quarter-by-quarter basis, as well as tips for a smooth year-end close process.

Learning Objectives
Upon completion of this program, participants will be able to:

  • Recognize small steps that can be taken during the year to help prepare for an annual audit.
  • Plan calendar events by quarter to guide the audit preparation process.
  • Identify ways to communicate outside of the finance department to facilitate year-end close and Annual Comprehensive Financial Report (ACFR) preparation.

Source: Forvis Mazars Register

2. COMMUNITY:
FHFA ANNOUNCES FHLBANK PARTNERSHIPS WITH FANNIE MAE AND FREDDIE MAC TO EXPAND HOUSING ACCESS FOR TRIBAL COMMUNITIES
The Federal Housing Finance Agency (FHFA) today announced two partnerships involving Fannie Mae, Freddie Mac, and Federal Home Loan Banks (FHLBanks) to boost awareness and liquidity for programs that expand housing access for tribal communities.

In one partnership, the FHLBank of Des Moines will promote a Freddie Mac mortgage product intended to improve credit access for federally recognized Native American tribes. In the other, Fannie Mae will purchase loans originated through the FHLBank Mortgage Partnership Finance (MPF) program — administered by the FHLBank of Chicago — to increase mortgage liquidity for tribal communities.

Source: Federal Housing Finance Agency Continue Reading

3. TRIBAL DATA:
DATA IN ACTION: THE 2024 CENTER FOR INDIAN COUNTRY DEVELOPMENT DATA SUMMIT
November 13, 2024, 10:00 a.m. – 3:00 p.m. CT

Data are not static and lifeless. Leveraged effectively, data can help articulate and amplify our stories across Indian Country. Tribal leaders and institutions increasingly rely on braiding traditional data expertise with modern applications in ways that influence the economic prosperity of Indian Country.

The Center for Indian Country Development invites you to join on November 13 for a series of data-centered conversations with leaders from Native nations and Indigenous communities, academic researchers, and policymakers to learn how Indian Country is expanding its data capacity and putting data in action.

Source: Center for Indian Country Development Register

4. ACCOUNTING:
POST-IMPLEMENTATION REVIEW FOR GASB FAIR VALUE STANDARDS, SURVEY OF USERS OF GOVERNMENT FINANCIAL STATEMENTS
The Governmental Accounting Standards Board (GASB) is currently conducting its Post-Implementation Review (PIR) of Statement 72, Fair Value Measurement and Application. This survey is part of the PIR process, and we seek your feedback on whether and to what degree the information required by the fair value standards is helpful to you as a user of government financial reports.

The PIR process is an evaluation of whether standards are achieving their objectives, including whether they provide financial statement users with valuable information. The PIR process will help the GASB: (1) determine whether the standards are accomplishing their stated purposes, (2) evaluate the implementation and continuing application costs and related benefits of the standards, and (3) obtain feedback to improve the standard-setting process in general.

For more information about the PIR process, please visit the GASB website: GASB Post-Implementation Review Process.

You will be asked to provide information about whether and to what extent you use fair value-related information in government financial reports. The survey should take approximately 10 – 15 minutes to complete. If you cannot complete it in one sitting, please save your progress so you can return to the survey.

If you have any questions about this survey, please contact Scott Reeser at 203-956-3448 or sareeser@gasb.org.

Source: Government Accounting Standards Board Take the Survey

5. JOBS:
CALL FOR COMMUNITY AND ECONOMIC DEVELOPMENT REVIEWERS WITH EXPERIENCE WORKING WITH NATIVE COMMUNITIES
The Community Development Financial Institutions (CDFI) Fund is issuing a call for well-qualified personnel to serve as Application Reviewers for the CY 2024-2025 application round of the New Markets Tax Credit Program (NMTC Program).

The CDFI Fund has contracted with Areeva Solutions/F2 Solutions (Areeva/F2) to recruit reviewers. Recruitment will be conducted by Areeva/F2 on a rolling basis until November 27, 2024.

Learn More & Apply at nafoa.org/jobs