Financial Management Under
Self-Determination Contracts

Funding under the Indian Self-Determination Act (P.L. 93-638) is uniquely tribal. This funding sets tribes and tribal non-profits apart from any other governmental non-profit entities. Funding under P.L. 93-638 requires a specific understanding of the public law and the differences between it and the OMB guidelines. The OMB guidance does not address many of the financial compliance aspects which involve successfully managing a self-determination contract. This new class will look, in detail, at these compliance aspects. Participants will walk away from the class with an enhanced understanding of P.L. 93-638 and its unique compliance requirements.

This class is a must for any program director of a self-determination contract as well as the finance department personnel that handle the day-to-day financial aspects of a 638 contract.

T O P I C S   I N C L U D E
History of the Indian Self-Determination Act (P.L. 93-638)
  • Purpose
  • Goals
  • Objectives
Contract Support (Indirect vs. Direct)
  • Why?
  • How much?
  • How determined?
  • Agency disallowed costs
Cash Management
  • Under P.L. 93-638
  • Under all other awards
  • Interest income
Procurement Under Self-Determination (Indian Preference)
  • P.L. 93-638 Sections 7 a, b, c
  • Civil Rights Act
  • Preference based on?
Indirect Cost Strategies Relating to Self-Determination Contracts
  • Preparing proposals
  • Negotiating
  • Determining the base
In-Kind Matching
  • How to value
  • How to document
Davis-Bacon Act
  • Construction
  • Threshold
  • Sanctions
Period of Availability-Carryovers
  • Under P.L. 93-638
  • Under grants
Financial Reporting
  • How often?
  • To whom?
Financial Presentation (Year-End)
  • Reading the financial statement
  • Exit interview
Asset Safeguarding
  • Federal requirements
  • Developing policies
  • Insuring
  • Why?
  • When?
  • Federal responsibilities
Payroll Support
  • OMB Circular requirements
  • Documentation
  • PARS
Audit Preparation
  • Purpose
  • Benefits
  • Reducing audit fees
High-Risk Status
  • Why this happens
  • Appeals
  • Being removed from high-risk status

*Topics subject to change.

Click here to find out how you can bring a Falmouth Institute seminar to your location!
© Copyright 2012 | Terms of Use | Privacy Policy