{"id":29113,"date":"2022-10-24T14:34:18","date_gmt":"2022-10-24T18:34:18","guid":{"rendered":"https:\/\/www.indianz.com\/News\/?p=29113"},"modified":"2022-10-26T14:42:18","modified_gmt":"2022-10-26T18:42:18","slug":"nafoa-5-things-you-need-to-know-this-week-101","status":"publish","type":"post","link":"https:\/\/indianz.com\/News\/2022\/10\/24\/nafoa-5-things-you-need-to-know-this-week-101\/","title":{"rendered":"NAFOA: 5 Things You Need to Know this Week"},"content":{"rendered":" \"NAFOA\"<\/a>
Throwback to the last in-person Treasury Tribal Advisory Committee (TTAC) meeting. The next meeting will take place this week on Wednesday, October 26, 2022. Photo courtesy NAFOA<\/figcaption>\r\n
5 Things You Need to Know this Week<\/div>\r\n
NAFOA stays on top of the news so you always start your week informed and ready.<\/div>\r\n
Monday, October 24, 2022<\/div>\r\n
Source: NAFOA<\/div>\r\n
nafoa.org<\/a><\/div>\r\n

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1. POLICY:<\/EM><\/div>\r\n
CALL FOR NOMINATIONS FOR SECRETARY TO APPOINT MEMBER TO TTAC<\/div>\r\nTreasury seeks nominations on behalf of the Secretary of the Treasury (Secretary) for the appointment of one member to the TTAC. Please send applications or recommendations to TTAC@treasury.gov, with the subject line \u201cTreasury Tribal Advisory Committee member application or recommendation.\u201d Self-nominations are welcome. The Department of the Treasury will accept applications for Secretarial appointments to the TTAC until November 18, 2022.\r\n

<\/p>\r\nFor more information, please visit the notice published in the Federal Register<\/a> or email TTAC@treasury.gov.\r\n

<\/p>\r\nFederal Register Notice<\/a>\r\n\r\n

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2. PROFESSIONAL DEVELOPMENT:<\/EM><\/div>\r\n
ONLINE INTRODUCTORY TRIBAL FINANCE AND ACCOUNTING CERTIFICATE<\/div>\r\nThis eight-week cohort program provides the opportunity to connect with other tribal peers<\/a> while gaining knowledge and experience to help become a more effective tribal finance\/accounting professional and leader. Because all sessions are available virtually, you\u2019ll be able to learn on your own time and set hours convenient to your schedule.\r\n

<\/p>\r\nIn addition, you\u2019ll have the opportunity to interact with and learn from other tribal finance\/accounting professionals throughout the state and across the country. The Zoom chat room with instructors is available for discussion and questions about course material at the end of each week.\r\n

<\/p>\r\nRegistration includes digital instruction, materials, and certificates, one copy of the Financial Reporting and Information Guide for Tribal Governments, and Their Enterprises (Orange Book) as published by NAFOA will be distributed as part of the registration fee to each participant.\r\n

<\/p>\r\nLearn More and Register<\/a>\r\n\r\n

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3. FOR TRIBAL GOVERNMENTS:<\/EM><\/div>\r\n
TREASURY EXTENDS DEADLINE FOR LOCAL ASSISTANCE AND TRIBAL CONSISTENCY FUND<\/div>\r\nEligible Tribal governments must request funding<\/a> by January 31, 2023, at 11:59 PM AKDT.\r\n

<\/P>\r\n If an eligible Tribal government does not complete its submission by that deadline, the Tribal government will not be eligible for either the first or second payment under the Local Assistance and Tribal Consistency Fund<\/a>. The first payment will be available immediately and will be made to Tribes on a rolling basis.\r\n

<\/p>\r\n Treasury expects to make the second payment after the start of fiscal year 2023.\r\n

<\/p>\r\nLearn More<\/a>\r\n\r\n

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4. FROM THE NAFOA NAVIGATOR: <\/EM><\/div>\r\n
AMERIND EMPOWERS TRIBES TO TAKE CONTROL OF THEIR INSURANCE PROGRAMS<\/div>\r\nBy Robert Dahl, Acting Chief Executive Officer, AMERIND\r\n

<\/p>\r\nIt\u2019s time Tribes exercise their sovereignty and self-determination over their economies, including protecting their employees through unique Tribal Workers\u2019 Compensation programs<\/a>.\r\n

<\/p>\r\nWhen Tribes purchase conventional, statutory workers\u2019 compensation policies, they are not only signing up for a standard, one-size-fits-all model, they are waiving their sovereign immunity and subjecting themselves to state jurisdiction and courts. Furthermore, statutory workers\u2019 compensation policies leave Tribes vulnerable to the litigation that runs rampant in state systems.\r\n

<\/p>\r\nUtilizing an arbitration type format, AMERIND helps Tribes avoid lengthy court battles. This more informal process saves Tribes considerable legal expense. Owned by more than four hundred Tribes, AMERIND is tax-exempt and free from state workers\u2019 compensation laws and regulation. Doing business sovereign to sovereign with AMERIND means saving money by avoiding state and federal taxes and fees. Thus, AMERIND\u2019s expense ratio is typically 10-15% less than other insurance carriers.\r\n

<\/p>\r\nAnother way for an employer to take control of their program and save money is through a thoughtful and planned out Return-to-Work program. An employer can reduce or eliminate the indemnity cost of a claim\u2014 or wage-loss piece\u2014by bringing an employee back to work through a modification of their job duties, thus accommodating any restrictions set by a doctor. Designating a medical provider or clinic can aid in this process. Bringing an employee back to work faster keeps them connected with their employer, lessening the likelihood of them seeking an attorney, which reduces potential litigation costs. The AMERIND Tribal Workers\u2019 Compensation team collaborates with an employer to assist them in establishing a successful Return-to-Work program.\r\n

<\/p>\r\nRead More in the Navigator (page 120-122)<\/a>\r\n

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