{"id":33488,"date":"2023-11-06T10:02:43","date_gmt":"2023-11-06T15:02:43","guid":{"rendered":"https:\/\/indianz.com\/News\/?p=33488"},"modified":"2023-11-06T10:02:44","modified_gmt":"2023-11-06T15:02:44","slug":"nafoa-5-things-you-need-to-know-this-week-129","status":"publish","type":"post","link":"https:\/\/indianz.com\/News\/2023\/11\/06\/nafoa-5-things-you-need-to-know-this-week-129\/","title":{"rendered":"NAFOA: 5 Things You Need to Know this Week"},"content":{"rendered":" <a href=\"https:\/\/indianz.com\/News\/2023\/11\/06\/nafoa-5-things-you-need-to-know-this-week-129\/nafoa-125\/\" rel=\"attachment wp-att-33489\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" data-attachment-id=\"33489\" data-permalink=\"https:\/\/indianz.com\/News\/2023\/11\/06\/nafoa-5-things-you-need-to-know-this-week-129\/nafoa-125\/\" data-orig-file=\"https:\/\/indianz.com\/News\/wp-content\/uploads\/2023\/11\/06\/NAFOA.jpg\" data-orig-size=\"1200,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"NAFOA\" data-image-description=\"&lt;p&gt;NAFOA&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt; Get to know NAFOA&amp;#8217;s 2nd Vice-President, Celina Phair of the Lummi Nation in this week&amp;#8217;s blog post \u2014 &lt;a href=https:\/\/nafoa.org\/redefining-finance-in-indian-country-celina-phairs-vision-for-economic-resilience\/&gt;Redefining Finance in Indian Country: Celina Phair&amp;#8217;s Vision for Economic Resilience&lt;\/a&gt;. Photo courtesy &lt;a href=https:\/\/mailchi.mp\/nafoa\/newsletter-11623?e=a53ed034df&gt;NAFOA&lt;\/a&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/indianz.com\/News\/wp-content\/uploads\/2023\/11\/06\/NAFOA-1024x683.jpg\" src=\"https:\/\/indianz.com\/News\/wp-content\/uploads\/2023\/11\/06\/NAFOA.jpg\" alt=\"NAFOA\"  class=\"size-full wp-image-33489\" \/><\/a>  <figcaption class=\"figure-caption\">Get to know NAFOA&#8217;s 2nd Vice-President, Celina Phair of the Lummi Nation in this week&#8217;s blog post \u2014 <a href=https:\/\/nafoa.org\/redefining-finance-in-indian-country-celina-phairs-vision-for-economic-resilience\/>Redefining Finance in Indian Country: Celina Phair&#8217;s Vision for Economic Resilience<\/a>. Photo courtesy <a href=https:\/\/mailchi.mp\/nafoa\/newsletter-11623?e=a53ed034df>NAFOA<\/a><\/figcaption>\r\n<div class=\"h3-responsive font-weight-bold\">5 Things You Need to Know this Week<\/div>\r\n<div class=\"h5-responsive sub\">11 Days Left until Appropriations Funding Runs Out&#8230;<\/div>\r\n<div class=\"date\">Monday, November 6, 2023<\/div>\r\n<div class=\"source\">Source: NAFOA<\/div>\r\n<div class=\"source-links\"><a href=\"https:\/\/nafoa.org\">nafoa.org<\/a><\/div>\r\n<p><\/p>\r\n<div class=\"h5-responsive sub\"><EM>1. FINANCIAL MANAGEMENT:<\/EM><\/div>\r\n<div class=\"h5-responsive sub\">OMB PROPOSES REVISIONS TO UNIFORM GUIDANCE<\/div>\r\nThe Office of Management and Budget (OMB) posted <a href=https:\/\/www.federalregister.gov\/documents\/2023\/10\/05\/2023-21078\/guidance-for-grants-and-agreements>proposed revisions for the uniform guidance into the Federal Register<\/a> on October 5, 2023. A <a href=https:\/\/www.cfo.gov\/assets\/files\/Uniform%20Grants%20Guidance%20Revisions%20-%20Redline%20(2023).pdf>redline version of the proposed changes<\/a> can be viewed here. Comments are due to the OMB by December 4, 2023.\r\n<p><\/p>\r\n<div><strong>Overview of Proposed Uniform Guidance<\/strong><\/div>\r\nThe proposed guidance includes clarification to the applicability of requirements and terminology and some relaxation and clarification to certain requirements that required prior approval from federal regulators. A few key proposed changes include the following:\r\n<p><\/p>\r\n<ul>\r\n<li>Increase the audit threshold to $1 million from $750,000<\/li>\r\n<li>Increase the de minimis indirect cost rate from 10% to 15%<\/li>\r\n<li>Require the Schedule of Expenditures of Federal Awards (SEFA) to identify recipient of federal award for audits that cover multiple recipients<\/li>\r\n<\/ul>\r\nAlthough OMB is proposing a change to the audit threshold, as noted above, OMB isn\u2019t proposing an increase to the threshold for type A and type B determination, related to major program determination.\r\n<p><\/p>\r\nOther proposed changes include additional requirements related to acts that directly support or advance trafficking in persons, additional requirements related to discrimination and changes to whistleblower protections.\r\n<p><\/p>\r\nReviewing the proposed guidance and submitting any comments about the proposed changes by the December 4, 2023, deadline is recommended.\r\n<p><\/p>\r\n<div>Source: Moss Adams<\/div>\r\n<a class=\"btn btn-primary btn-block\" href=\"https:\/\/www.mossadams.com\/articles\/2023\/10\/omb-proposed-revisions-to-uniform-guidance\" role=\"button\">Continue Reading<\/a>\r\n<p><\/p>\r\n<div class=\"h5-responsive sub\"><EM>2. ENERGY:<\/EM><\/div>\r\n<div class=\"h5-responsive sub\">IRS ANNOUNCES VIRTUAL WORKSHOP FOR TRIBAL CLEAN ENERGY CREDITS<\/div>\r\nThe Internal Revenue Service (IRS) has announced a virtual outreach workshop on Tuesday, December 12th at 12:00 p.m. Eastern Time to discuss clean energy tax credits for tribes. These credits were included as part of last year&#8217;s Inflation Reduction Act (IRA) and opened up new options to tribes through Elect\/Direct Pay tax credits. \r\n<p><\/p>\r\nThe IRS will be sending a Microsoft Teams invite in a future email.\r\n<p><\/p>\r\nThe IRA allows Indian tribal governments and Alaskan Native Corporations to benefit from certain clean energy tax credits through elective pay. For tax years beginning after December 31, 2022, an applicable entity that qualifies for a clean energy tax credit can make an elective payment election. This election will treat certain credits as a payment against their federal income tax liabilities rather than as a nonrefundable credit. The amount of the credit will first offset any tax liability of the entity and any excess will be refundable.  \r\n<p><\/p>\r\n<div>Source: Internal Revenue Service<\/div>\r\n<a class=\"btn btn-primary btn-block\" href=\"https:\/\/service.govdelivery.com\/accounts\/USIRS\/subscriber\/new\" role=\"button\">Subscribe to the IRS Email List<\/a>\r\n<p><\/p>\r\n<div class=\"h5-responsive sub\"><EM>3. MUST READ <\/EM><\/div>\r\n<div class=\"h5-responsive sub\">NATIVE AMERICAN POPULATIONS ARE \u2018INVISIBLE\u2019 TO BANKS. THAT NEEDS TO CHANGE<\/div>\r\nGrowing up on the Rosebud Indian Reservation in South Dakota, Dawson Her Many Horses was rich in culture. But he and his family lacked many other critical resources.\r\n<p><\/p>\r\n\u201cWhen I was a kid we had an outhouse, our home was heated by a wood burning stove,\u201d he told CNN. \u201cI understand what it\u2019s like to live in a rural community without financial resources.\u201d\r\n<p><\/p>\r\nThat connection has motivated Her Many Horses to advocate for Native American and Alaskan Native communities throughout his career in finance. He currently serves as head of Native American banking for Wells Fargo and in July the bank announced he would become a managing director.\r\n<p><\/p>\r\nHer Many Horses, a member of the Rosebud Sioux Tribe of South Dakota, is one of the first enrolled tribal members to be promoted to managing director at a major US bank, according to a statement from Wells Fargo.\r\n<p><\/p>\r\n\u201cI\u2019ve made most of my career decisions based on how I can be a better advocate and champion for tribal communities,\u201d he told CNN. \u201cSo for me personally, just the fact that I grew up on a reservation and that I still have family there keeps me grounded. It reminds me of why I do this work.\u201d\r\n<p><\/p>\r\n<div>Source: CNN Business<\/div>\r\n<a class=\"btn btn-primary btn-block\" href=\"https:\/\/www.cnn.com\/2023\/10\/30\/investing\/native-american-economy-banking\/index.html\" role=\"button\">Continue Reading<\/a>\r\n<p><\/p>\r\n<div class=\"h5-responsive sub\"><EM>4. IN THE NAFOA NAVIGATOR: <\/EM><\/div>\r\n<div class=\"h5-responsive sub\">TRIBES PROTECTING TRIBES<\/div>\r\nBy Tina Duncan, Director of Business Development, AMERIND\r\n<p><\/p>\r\nIn 1986, the insurance industry was rocked by instability and financial uncertainty. As a result, Indian Country was faced with limited coverage options and exorbitant premiums with no guarantee that the policies wouldn\u2019t be canceled. Tribal leaders came together with a radical vision and over 400 Tribes pooled their resources to form an insurance company rooted in the fundamental principle of \u201cTribes Protecting Tribes.\u201d Today, AMERIND remains the only 100 percent Tribally-owned and operated insurance provider committed to keeping Tribal money in Indian Country to strengthen tribal nations, citizens, and enterprises. Through our fiscally sound and culturally responsive insurance products, Tribes can exercise their sovereignty and self-determination over their economies by protecting their people and keeping Tribal money in Indian Country. \r\n<p><\/p>\r\n<a class=\"btn btn-primary btn-block\" href=\"https:\/\/res.cloudinary.com\/nafoa\/image\/upload\/v1695306888\/Conference\/Fall-2023\/Navigator_Fall_2023_Dig.pdf\" role=\"button\">Continue Reading (pg. 110-11)<\/a>\r\n<p><\/p><div class=\"mt-1 mb-1\"><ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-8411603009680747\" data-ad-slot=\"6394965691\"><\/ins><script>(adsbygoogle = window.adsbygoogle || []).push({});<\/script><\/div><p><\/p>\r\n<div class=\"h5-responsive sub\"><EM>5.  JOBS:<\/EM><\/div>\r\n<div class=\"h5-responsive sub\">ALABAMA-COUSHATTA TRIBE OF TEXAS SEEKING CFO<\/div>\r\nThe Chief Financial Officer will be leading the day-to-day leadership and management of all fiscal operations of the government including planning, organizing and controlling financial resources and expenditure processes.\r\n<p><\/p>\r\n<a class=\"btn btn-primary btn-block\" href=\"https:\/\/nafoa.org\/job\/alabama-coushatta-tribe-of-texas-livingston-texas-full-time-chief-financial-officer-cfo\/\" role=\"button\">Learn More & Apply at nafoa.org\/jobs<\/a>\r\n","protected":false},"excerpt":{"rendered":"Eleven days left until appropriations funding runs out for Indian Country programs.","protected":false},"author":1,"featured_media":33489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"_vp_format_video_url":"","_vp_image_focal_point":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,1],"tags":[1527,1730,1712,121,284,1332,4319,660,36,4318,499,27],"class_list":["post-33488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-national","tag-alabama-coushatta","tag-amerind","tag-banks","tag-employment","tag-energy","tag-federal-register","tag-garnts","tag-irs","tag-nafoa","tag-omg","tag-taxation","tag-texas","no-wpautop"],"jetpack_featured_media_url":"https:\/\/indianz.com\/News\/wp-content\/uploads\/2023\/11\/06\/NAFOA.jpg","jetpack_shortlink":"https:\/\/wp.me\/pcoJ7g-8I8","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/indianz.com\/News\/wp-json\/wp\/v2\/posts\/33488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indianz.com\/News\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indianz.com\/News\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indianz.com\/News\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indianz.com\/News\/wp-json\/wp\/v2\/comments?post=33488"}],"version-history":[{"count":3,"href":"https:\/\/indianz.com\/News\/wp-json\/wp\/v2\/posts\/33488\/revisions"}],"predecessor-version":[{"id":33492,"href":"https:\/\/indianz.com\/News\/wp-json\/wp\/v2\/posts\/33488\/revisions\/33492"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indianz.com\/News\/wp-json\/wp\/v2\/media\/33489"}],"wp:attachment":[{"href":"https:\/\/indianz.com\/News\/wp-json\/wp\/v2\/media?parent=33488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indianz.com\/News\/wp-json\/wp\/v2\/categories?post=33488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indianz.com\/News\/wp-json\/wp\/v2\/tags?post=33488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}