Insight in Indian Country: Recent Episodes
REDW CPAs & Advisors
REDW CPAs & Advisors are here to provide Tribal Council Members, CEOs, CFOs, Casino Managers—all types of leaders in Indian Country—the engaging, empowering information they need, fast. Press play on your commute or coffee break! Insight in Indian Country Podcast has the quick, informative updates to keep you sharp.
Becerra v. San Carlos Apache Tribe is a landmark Supreme Court case centered around the Indian Self-Determination and Education Assistance Act (ISDEAA), which enables Tribes to enter into contracts with the Federal Government to operate their own health programs. The court's recent decision in favor of the San Carlos Apache Tribe affirmed the government's obligation to fully fund these contracts, including paying contract support costs. To dive deeper into the case and its impact for Indian Country, host and REDW National Tribal Practice Leader Wesley Benally welcomes Kevin Cronk, CPA, and Lloyd B. Miller of Sonosky, Chambers, Sachse, Endreson & Perry, LLP to the podcast.
Chapters
- 00:00 - Introduction to the Becerra v. San Carlos Apache Tribe Ruling
- 04:14 - The Importance of Contract Support Costs for Tribal Self-Determination
- 06:33 - Documentation Challenges and Tips for Making Successful Claims
- 15:03 - Expanding Programs and Negotiating Better Terms with Federal Agencies
Takeaways
- The recent Supreme Court ruling in Becerra v. San Carlos Apache Tribe is a significant win for tribal sovereignty and self-determination.
- Contract support costs are crucial for Tribes operating health programs under self-determination, as they cover the overhead expenses of running the program.
- Tribes should gather the necessary documentation, such as indirect cost agreements, proposals, and amendments, to support their claims for contract support costs.
- The ruling provides an opportunity for Tribes to negotiate better terms with federal agencies and expand their programs to better serve their communities.
- Tribes should consult with legal counsel to ensure their claims are properly prepared and comply with the requirements of the Contract Disputes Act.
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REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
The Tribal Leadership Council is a board-governed not-for-profit business that proudly supports tribal leaders and executives with continuing education and provides tools to better their organizations. Intent on building capacity in Indian County, the council's primary focus is empowering leadership and promoting economic growth and prosperity for tribal communities. This episode, REDW National Tribal Practice Leader Wes Benally sits down with the organization's Chairman and Co-Founder Justin Barrett (Eastern Shawnee Tribe of Oklahoma) to talk about the council's vision, accelerating growth, and upcoming conference. Tribal leaders won't want to miss the conference taking place July 15-18! WONDR NATION and the Mashantucket Pequot Tribal Nation have created a grant funding opportunity for five Tribal Leaders to the conference. Listen in for details.
Chapters
- 00:00 - Introductions
- 04:22 - The Importance of Tools and Knowledge for Tribal Leaders
- 07:42 - Creating a Collaborative Network for Tribal Leaders
- 10:04 - Tribal Leadership Conference Dates and Registration
- 13:54 - Opportunities for Younger Leaders to Get Involved
- 15:36 - Collaborating with Companies like Amazon and AT&T
Takeaways
- The Tribal Leadership Council Conference aims to accelerate the growth of tribal leaders and provide them with the tools and knowledge to make the most of their time in office.
- The conference will cover topics such as energy sovereignty, economic development, and finance, with a focus on sharing ideas and best practices among tribal leaders.
- Networking and collaboration are essential for tribal leaders to learn from each other and build capacity in Indian country.
- The conference dates are July 15th-18th, 2024, at the Morongo Casino Resort in Palm Springs. There are still seats available, and sponsorship opportunities are also available.
References
- Register for the Tribal Leadership Conference 2024 | July 15 - 18, Morongo Casino, Resort & Spa
- Learn more about the Tribal Leadership Council
- Learn more about Tribal Leadership Council Chairman and Co-Founder, Justin Barrett
- Learn more about the Oklahoma Native Impact Report
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
The need for consistency, collaboration, and good internal controls cannot be overstated for implementing GASB 96, which establishes uniform accounting and financial reporting for subscription-based information technology agreements (SBITAs).
With upcoming fiscal years ends on the horizon, REDW National Tribal Practice Leader Wes Benally and Audit Principal Chris Bitakis take some time to discuss issues and insights for GASB 96 thus far and provide insights for tribal organizations to consider. They cover some of the challenges some Tribes have experienced during implementation and the similarities and differences between GASB 87 and GASB 96. They also discuss the importance of centralizing contracts and agreements, calculating liabilities, and creating disclosures. Professionals that are in need of a brief check in (and maybe a few laughs) while navigating the implementation of GASB 96 will find practical guidance in this episode .
Takeaways
- Implementing GASB 96 can be challenging, especially for organizations that did not adequately plan for the implementation of GASB 87.
- Centralizing contracts and agreements is crucial for effectively implementing GASB 96.
- Calculating liabilities requires extracting significant data, determining the legally enforceable term, and using an appropriate interest rate.
- Creating disclosures for GASB 96 should include a separate right-to-use subscription asset, note payable roll forward, and a subscription liability footnote.
- Consistency, collaboration, and good internal controls are key to successfully implementing GASB 96.
Chapters
- 00:00 - Introduction and Overview
- 03:01 - Understanding SBITA and Its Importance
- 07:20 - Calculating Liabilities for GASB 96
- 09:48 - Centralizing Contracts and Agreements
- 12:42 - A Few Notes on Best Practices
- 16:26 - Creating Disclosures for GASB 96
- 21:44 - The Final Stretch for Implementing GASB 96
- 24:18 - Conclusion and Closing Remarks
References
- Contact Chris and the Audit team at REDW for questions.
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
For all types of organizations, turnover and evolving roles are common issues that both contribute to outdated policies and procedures and require their updates. For Internal Audit Awareness Month, REDW National Tribal Practice Leader Wes Benally and Internal Audit Audit Senior Manager Cait Gutierrez discuss the importance of an internal audit and the role it plays in tribal organizations. They highlight the need for effective financial policies and procedures and the impact they can have on an organization's success. Cait shares examples of how noncompliance with financial regulations and the lack of proper policies and procedures can negatively impact organizations. It's time to dust off those P&Ps! REDW's Internal Audit team is here to help you find the finish line.
Takeaways
- Internal audit is a critical function in organizations, including tribal organizations, and plays a key role in risk mitigation.
- Financial policies and procedures are essential for the success of an organization and should be regularly reviewed and updated. Outdated policies and procedures can lead to inefficiencies, increased risks, and potential noncompliance with financial regulations.
- Common risks in organizations include turnover, fraud, bottlenecks, and loss of funding.
- Collaboration and buy-in from all levels of the organization are crucial for the successful development and implementation of policies and procedures.
- Regular reviews and updates of policies and procedures are recommended, and projects can be phased to manage resources effectively.
Chapters
- 00:00 - Introduction and Importance of Internal Audit
- 03:45 - The Role of Policies and Procedures in Risk Mitigation
- 07:30 - The Impact of Outdated Policies and Procedures
- 10:45 - Striking a Balance: Efficiency and Risk Mitigation in Policy and Procedure Design
- 14:13 - Common Risks and the Benefits of Regular Reviews and Updates
- 24:46 - Areas That Often Need Policy and Procedure Updates
- 27:35 - Next Steps and REDW's Expertise in Financial Policies and Procedures
- 31:19 - Don't miss the New Mexico Society of CPAs Tribal Conference!
References
- Contact REDW's Internal Audit team to set up a consult or for help assessing your organization's needs
- Event info: New Mexico Society of CPAs (NMSCPA) Second Annual Tribal Conference - May 16, 2024
- Register for in-person attendance for the Second Annual Tribal Conference hosted by NMSCPA and REDW
- Address: 3400 Menaul Blvd NE, Albuquerque, NM 87107
- Register for virtual attendance for the Second Annual Tribal Conference hosted by NMSCPA and REDW
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
On May 16, the New Mexico Society of CPAs (NMSCPA) is hosting their Second Annual Tribal Conference focused on tribal enterprises, cohosted by REDW Advisors and CPAs. Wes Benally is joined by guests Victor Flores and Chris Henderson to touch on conference topics including tribal economics, entrepreneurship, and impact investing with native-owned businesses. The conference aims to foster learning, networking, and collaboration among tribal enterprises and professionals. Featured speakers from various tribal organizations and will provide valuable insights for tribal governments, tribal-owned businesses, and accounting professionals.
Not in New Mexico? Not a problem! Attendees can join in person or virtually.
This conference also offers up to 4.0 Continuing Professional Education (CPE) credits, adding extra value for attending professionals seeking to advance their knowledge and expertise.Chapters
00:00 - Introduction to the NMSCPA Tribal Conference
06:58 - Tribal Enterprises and Other Industries in Indian Country
11:12 - Innovative Business Models in Tribal Enterprises
15:35 - Learning and Networking at Conferences
24:23 - Taking Action and Implementing Ideas
References
- Event info: New Mexico Society of CPAs (NMSCPA) Second Annual Tribal Conference - May 16, 2024
- Register for in-person attendance for the Second Annual Tribal Conference hosted by NMSCPA and REDW
- Address: 3400 Menaul Blvd NE, Albuquerque, NM 87107
- Register for virtual attendance for the Second Annual Tribal Conference hosted by NMSCPA and REDW
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
Tribal fiduciaries have a responsibility to follow sound fiscal practices and fulfill their duty of care. This episode, Wes Benally and Paul Madrid discuss the Tribal fiduciary role and reducing risk in the management of employer-sponsored retirement plans. Paul explains the unique challenges tribal fiduciaries face, the importance of following fiduciary responsibilities, and introduces REDW's retirement plan sponsor scorecard—a tool specially designed to help Tribes assess their retirement plan management.
The scorecard consists of 14 questions that cover areas such as investment policies, goals and objectives, and the effectiveness of education programs. Paul emphasizes the significance of having an investment committee and providing education to plan participants and highlights the role of accredited investment fiduciaries in sound fiscal practices.
Takeaways
- The retirement plan sponsor scorecard helps tribes assess their retirement plan management and identify areas for improvement.
- Key areas covered by the scorecard include investment policies, goals and objectives, and the effectiveness of education programs.
- Having an investment committee and providing education to plan participants are crucial for successful retirement plan management.
- Accredited investment fiduciaries play a significant role in sound fiscal practices and reducing risk.
Chapters
00:00 - Introduction to Managing Employer-Sponsored Retirement Plans
02:09 - Introducing the Retirement Plan Sponsor Scorecard
05:13 - Understanding Fiduciary Responsibilities and Risk Management
08:56 - The Importance of Investment Policies and Committees
12:23 - Providing Education and Support to Plan Participants
21:29 - Taking the Retirement Plan Sponsor Scorecard
24:24 - Conclusion and Invitation to NEFO Conference
References
- Read: Fiduciary Risk Management for Retirement Plan Sponsors
- Learn More: REDW's 14-Question Retirement Plan Sponsor Scorecard for Tribes
- Event: NAFOA's 42nd Annual Conference - April 29 @ Seminole Hard Rock Hotel
Wealth Management Disclosure Statement
© 2024 REDW Wealth LLC. This publication is intended for general informational purposes only and should not be construed as investment, financial, tax, or legal advice. Information and instruction shared in the article above do not guarantee outcomes, performance, or quality of services provided to REDW Wealth Management clients by REDW Wealth Management or its employees. Adherence to our fiduciary duty is not a guarantee of client satisfaction or any particular outcome. Advisory, Assurance, and Tax is offered through REDW LLC. Wealth Management is offered through REDW Wealth LLC.
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
Our celebration of Women's History Month continues with Hattie Mitchell, a senior manager in client advisory and accounting services. Hattie shares her journey as a professional and member of the Prairie Band Potawatomi Nation with REDW National Tribal Practice Leader and show host, Wes Benally. She discusses the inspiration she drew from her family's involvement in tribal finance, and talks about her involvement in the Governmental Accounting Standards Advisory Council (GASAC) and the unique reporting needs of tribal governments.
Chapters
00:00 Introduction
00:28 Hattie's Background and Inspiration
07:06 Governmental Accounting Standards Advisory Council
12:26 Finance Certificate Program and Teaching
19:00 Dealing with Stress and Challenges
20:29 Advice for Young Professionals
22:20 Closing Remarks
References
- 2024 Governmental Accounting Standards Advisory Council (GASAC) Technical Agenda Prioritization - For Tribal Leaders and Tribal Financial Professionals - The GASAC is seeking feedback from members in prioritizing the GASB's Technical Plan. Provide your responses by Monday, April 8, 2024.
- GASAC April 15-16 Live Meeting Info - Available by webcast. If planning to observe a meeting, please provide notification no later than 48 hours before the meeting. Find details here.
- Contact Hattie Mitchell by email.
- 2024 Indian Gaming Tradeshow and Convention - The largest gathering of tribal leaders and casino executives in the country, the Indian Gaming Tradeshow & Convention is now in its 31st year and continues to deliver the insight and strategies needed to succeed in the competitive gaming industry. REDW Gaming Operations Manager Kandi Link to Speak in The Smart Casino: Embracing Technology and the Modern Gaming Floor.
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
Happy Women's History Month! In this episode, REDW Principal and National Tribal Practice Leader Wes Benally interviews Colaine Curtis, a senior manager and client advisor. Colaine shares her journey as a Diné woman in the accounting profession, discussing her early career working for tribal organizations, transition to public accounting, and the rewards and challenges of her work. She offers advice for those considering a career in accounting and emphasizes the importance of indigenous representation in the field.
Chapters
00:00 - Introduction and Background
04:03 - Early Career and Experience
06:23 - Working in Startups and Tribal Organizations
09:03 - Transition to Public Accounting
10:41 - Motivation and Rewards in the Field
21:50 - Decrease in Enrollment and Indigenous Representation
28:18 - Closing Remarks and Appreciation
References
- Careers at REDW - REDW has served Sovereign Tribal Nations for over 40 years. Our team members understand and respect tribal sovereignty and culture and have become deeply invested in the financial well-being of tribal communities. Learn more about our current career opportunities at redw.com/careers.
- OTFC Spring Conference - The Oklahoma Tribal Finance Consortium (OTFC) Spring 2024 Conference is almost here! We'll see you March 27th - 29th at Indigo Sky Casino Resort in Wyandotte, OK. Register or learn more at oktribalfinance.com.
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
REDW cybersecurity expert Brian Grayek is back to discuss security risks and solutions for Tribal Nations with National Tribal Practice leader and podcast host, Wes Benally.
Recent nationwide efforts for Tribes to access FEMA cybersecurity grant funding were met with challenges during the application process, preventing some Tribes from receiving critical funding. In their discussion, Brian and Wes are highlighting the importance of having a comprehensive cyber plan and detailed project plans when applying for grants. They also discuss the risks of not receiving funding and the need for internal funding to improve security infrastructure. What's the best way for Tribes to prepare for future cybersecurity grant opportunities that are bound to come? We're discussing resources available to help Tribes do just that. Tune in!
Chapters
00:00 Introduction and Background
02:31 Gap in Tribe's Ability to Apply for Cybersecurity Grants
05:30 Cybersecurity Risks and Costs to Organizations
08:20 Preparing for Future Cybersecurity Grants
12:19 Using Security Scorecards as a Tool
20:18 Conclusion and What to Do Next
Takeaways
- Having a comprehensive cyber plan and detailed project plans is crucial when applying for cybersecurity grants.
- Tribal nations face cybersecurity risks and need to allocate internal funding to improve security infrastructure.
- Starting early and seeking professional assistance is recommended to prepare for future cybersecurity grants.
- Using security scorecards can help assess and improve cybersecurity measures.
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
This episode, REDW National Tribal Practice Leader Wes Benally is discussing the Inflation Reduction Act and its impact on Tribal Nations with Senior State and Local Tax Manager Thomas Miller. They explore the provisions in the act that provide opportunities for investment in energy, infrastructure, and climate resilience programs for Tribes. Their conversation highlights the allocation of funds to tribal communities and the specific programs available for funding, and it emphasizes the importance of staying proactive and informed about the funding opportunities and the process of getting registered. Tribes shouldn't miss exploring the eligibility of their projects and should seek consultations and training to maximize the benefits of the act!
Takeaways
- The Inflation Reduction Act presents major opportunities for investment in energy, infrastructure, and climate resilience programs for tribal nations.
- Tribes can access over $720 million allocated to Indian country for climate and energy advancements.
- Funding opportunities include high efficiency electric home rebate programs, tribal energy loan guaranteed programs, tribal electrification programs, tribal climate resilience programs, and more.
- Tribes should stay proactive and informed about the funding opportunities, review eligibility criteria, and seek consultations and training to maximize the benefits of the act.
Chapters
00:00 Introduction and Background
01:43 Overview of the Inflation Reduction Act
03:08 Allocation of Funds for Tribal Communities
05:01 Funding Opportunities for Tribes
07:13 Specific Programs for Tribal Communities
08:42 Qualifying for IRA Programs
10:07 Administration of Funds
11:15 Relevant Funding Opportunities
13:20 Rural Energy for America Program
15:08 Staying Proactive and Informed
16:05 Projects Eligible for Funding
17:10 Process of Getting Registered
18:17 Consultations and Training
20:01 Considerations for Funding Eligibility
21:22 Importance of Reviewing Eligibility
22:12 Conclusion
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
What exactly is a "soft landing" in the economy? This episode, REDW National Tribal Practice Leader Wes Benally and Wealth Management Principal Paul Madrid are discussing economic outlook for Tribal Nations in 2024, covering potential economic slowdowns, inflation outlooks, fixed income investments, and more. 🎧 Tune in for expert insights on financial planning. 💸🫰
Takeaways
- A soft landing in the economy is a slowdown without a recession, and it is the current expectation for 2024.
- When considering financing for projects, it may be beneficial to wait for interest rates to potentially decrease or explore floating rate loans.
- Having excess cash on hand can be an opportunity to generate income through investments such as US government bonds.
- Diversifying equity investments within the US and non-US markets can help manage risk and capture potential upsides.
- Regularly reevaluating risk and asset allocation is important to ensure alignment with financial goals and minimize surprises.
- Election years can bring volatility to the market, so it is important to be prepared and consider diversification.
- Inflation is an important metric to consider when budgeting and making financial decisions.
- Regularly reviewing and adjusting financial strategies with the help of an advisor can help optimize financial outcomes for Tribal Nations.
Chapters
00:00 Introduction
01:48 Economic Slowdown and Soft Landing
06:18 Considerations for Financing Projects
08:31 Maximizing Cash on Hand
12:41 US Equities and Non-US Equities
16:59 Reevaluating Risk and Asset Allocation
20:36 Risks in an Election Year
25:29 Considerations for Inflation
26:51 Final Thoughts
© 2024 REDW Wealth LLC. This publication is intended for general informational purposes only and should not be construed as investment, financial, tax, or legal advice. Information and instruction shared in the article above do not guarantee outcomes, performance, or quality of services provided to REDW Wealth Management clients by REDW Wealth Management or its employees. Adherence to our fiduciary duty is not a guarantee of client satisfaction or any particular outcome. Advisory, Assurance, and Tax is offered through REDW LLC. Wealth Management is offered through REDW Wealth LLC.
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
Join Wes Benally, REDW Principal and National Tribal Practice Leader, for a one-to-one with Karletta Jones (Dine’), CPA, CIA—a true unicorn combination. Karletta is jumping on the podcast to talk about stewardship, the value of growing up immersed in Navajo culture, going after goals, and encountering adversity while pursuing higher education and CPA licensure. She is the Assistant Director, Financial Oversight with the W.A. Franke College of Business at Northern Arizona University.
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
The path to becoming a CPA is no easy feat. As we celebrate Native American Heritage Month, join Wes Benally and Ryan Claw (Dine’) as they discuss what it takes to join the elite ranks of Certified Public Accountants. As REDW Principal and National Tribal Practice Leader, Wes understands the dedication required to establish a career in accounting and this episode is sitting down with Ryan Claw, Interim Executive Director of Treasury for Tohono O'odham Nation, to discuss obstacles they overcame to become CPAs and succeed in a demanding field. Tune in to hear candid insights from leading accounting professionals as they reflect on their shared experiences and how the industry has changed over the years.
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
Are you on track for GASB 96 implementation and meeting compliance?
If you’re a tribal government entity using subscription-based software, your financial statements will soon be held to a whole new accounting standard: GASB 96 – Subscription-Based IT Arrangements (SBITAs). Are you ready to comply with the new accounting rules? Do you know what you need to do, and by when?
Join hosts Wes Benally and Mike Dierlam as they answer top questions they received during their October 18 webinar covering the new software subscription accounting standard, GASB 96. Wes and Mike are unpacking some complexities in the new standard so you can comply with confidence.
- Haven't watched the webinar yet? View it on-demand here before tuning into this Q&A companion episode.
- Questions on implementation? Contact us. We're standing by to help make implementing GASB 96 easier.
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
2024 Update: The FEMA/CISA cybersecurity grant application process closed January 10th, 2024. What's the best way to prepare for future cybersecurity grant opportunities that are bound to come? Listen to our latest episode on cybersecurity funding for Tribal Nations.
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Is it time to strengthen your tribe's cybersecurity? On September 27th, the Federal Emergency Management Agency (FEMA) announced the funding of a new grant—the Tribal Cybersecurity Grant Program (TCGP)— to aid tribal leaders in protecting their communities against the risk and consequences of cyber-attacks.
Join host Wes Benally as he speaks with cybersecurity expert Brian Grayek about this new federal grant opportunity for Tribal Nations. With an urgent deadline of January 10, 2024, the Department of Homeland Security's Tribal Cybersecurity Grant Program provides $18.2 million in funding for tribes to enhance the security of their IT infrastructure and systems. Eligible grant applicants meeting the definition of a Federally Recognized Tribal Government must have submitted their Grant Application, received feedback from FEMA and CISA on required changes, and submitted those changes back before 5 pm ET on the January 10 deadline.
Wes and Brian discuss key details Tribes need to know about eligibility, requirements, the application process and more for this vital program aimed at strengthening cyber defenses in Indian Country. Tune in to gain insights and get your questions answered about this time-sensitive grant. Or get straight down to business and contact us today to setup a free 20-min consultation.
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
The 47th Annual National Native American Human Resources Association (NNAHRA) Conference is right around the corner!
It’s time to level-up from posting a job position and crossing your fingers. What more can HR recruiters in Indian Country do to land top job candidates? From applications to negotiating counteroffers and onboarding promising new hires—everyone in the world of HR is feeling the pressure to deliver. Through REDW’s extensive work in recruiting, our HR Consulting group has developed some fine-tuned expertise in placing exceptional candidates and advising HR leaders on getting job candidates smoothly and happily through the hiring process.
In this insightful episode, a dynamic trio of REDW experts dive into the world of recruitment and key strategies to be unveiled at NNAHRA’s (sold out) 47th Annual Conference. Conference attendees won’t want to miss REDW at the show! Attend our presentation on 9/25, "The 2023 Recruiting Conundrum - Tips and Tricks," look out for our friendly team members sporting vibrant neon vests that read “Emotional Support Human” and stop by our booth to sign up for a free professional chair massage. —You read that right. We’re not just here to talk business, we’re here to help you find solutions to your most important HR struggles and take a load off. You deserve it!
Want more info?
- Learn more about REDW’s transformative HR Consulting services at redw.com/hrc.
- Get more details on REDW at NNAHRA’s 47th Annual Conference»
Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!
What steps can you take to improve cash flow management at your organization? Maximizing financial potential can feel overwhelming once you dive into the ins and outs of all your transactions. Where do you start? And what should your end-goal be?
In this episode, Wes Benally and Chris Henderson are following up to our previous episode on working capital with a discussion on practical strategies for managing cash flow in today's challenging business landscape. From optimizing collections to prioritizing payments effectively, forecasting cash flow to controlling expenses— financial decision-makers for Tribal-run businesses won't want to miss this episode. Tune in!
Have a question or want to request a topic for our podcast? Connect with Wes.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Learn more at redw.com/iiic
It's a question we get a lot, "How does my business measure up against competitors?!" While the answer usually earns us more glazed looks than donuts, we're determined to show you how effective management of your working capital and cash flow is important as a business leader and could lay the foundation for a much needed game-change.
Ready to learn how better working capital management can help your business improve profitability? Don't miss this two part business management episode with REDW Principal and National Tribal Practice Leader Wes Benally and Principal (Client Accounting and Advisory Services) Chris Henderson.
Have a question or want to request a topic for our podcast? Connect with Wes.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Learn more at redw.com/iiic
What happens in Vegas doesn't always stay in Vegas. It is crucial for tribal gaming enterprises to begin to strategize and plan on how to document and test how to protect data, systems, and customers from cyber threats— and the Nevada Gaming Commission has laid out new cybersecurity regulations to ensure gaming operations are safeguarding data and reporting incidents. We are certain that these rules and regulations will roll into tribal gaming soon.
Join REDW National Tribal Practice Leader Wes Benally and IT & Cybersecurity Consulting Director Brian Grayek for a discussion on the critical topic of cybersecurity for gaming operations and new cybersecurity requirements in Nevada.
Have a question or want to request a topic for our podcast? Connect with Wes.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Learn more at redw.com/iiic
GASB, GASB, GASP! (Or should we say, SIGH?) If there’s one thing we know about governmental accounting standards it’s that things change.
This episode, REDW Principal and National Tribal Practice Leader Wes Benally and Audit & Assurance Principal Chris Bitakis are looking into future GASB implementations that will likely be affecting Tribal governments and enterprises. What will you need to consider to get ready for upcoming changes? Tune in to get in the loop on what’s around the corner and for insights on current reporting requirements.
Have a questions or want to request a topic for our podcast? Connect with Wes.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Ask a question or learn more at redw.com/iiic
Mergers and acquisitions are known to have a high probability of failure. Are they worth the risk?
This episode, REDW Principal and National Tribal Practice Leader Wes Benally is discussing three primary reasons why prospective mergers or acquisitions fail with in-house valuation expert Braden McClintock, REDW Valuation & Related Financial Services Manager. From overpaying to overestimating and the post-merger integration process, Braden is laying out how to prevent buyer's remorse in M&A transactions with financial due diligence. Tune in to gain the expert perspective and learn how to make more informed decisions when the risk is high.
Have a question or want to request a discussion topic for our podcast? Connect with Wes.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Ask a question or learn more at redw.com/iiic
In this episode, your host Wes Benally, REDW Principal and National Tribal Practice Leader, is diving into the top concerns for Tribal Human Resources departments. Joined by experts from REDW's Human Resources Consulting group - Sam Bolen, Laurel Roybal, and Taryn Reynolds - they share valuable insights and solutions for HR teams operating in tribal entities, discussing:
- The importance of accurate compensation data for making informed hiring decisions.
- How salary compression occurs and avoiding pay disparities.
- Tactics for tribal entities, particularly those in rural areas, to recruit and retain top talent despite compensation challenges.
- The impact of remote work and hybrid job positions on HR departments and strategies for adaptation.
Tune in to gain expert perspectives on the top concerns for Tribal Human Resources departments and discover practical solutions for attracting and retaining talent, and enhancing the employee experience in tribal entities.
Have a question or want to suggest a discussion topic for our podcast? Connect with Wes.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Ask a question or learn more at redw.com/iiic
As a tribal healthcare finance professional, it is essential to understand the various responsibilities involved in fulfilling your fiduciary responsibility. From technical accounting standards to cybersecurity and IT-related matters, all facets of the job are interconnected and crucial to protect your organization's funding and ultimately serve your patients.
In this episode, REDW Principal and National Tribal Practice Leader Wes Benally is joined by tribal healthcare finance experts Chris Tyhurst and Marcus Benally to discuss the role of a tribal healthcare finance professional, covering a wide range of topics, including technical accounting standards, the use of federal funds, cybersecurity, and IT-related items. They emphasize the importance of planning strategically, prioritizing current issues, and creating a plan of action, and recommend utilizing your team and outsourcing to address specific categories that require expertise.
Tribal healthcare professionals responsible for finance will want to make sure they're up to scratch on the various responsibilities involved in protecting funding for their organizations.
Have a question or want to suggest a discussion topic for our podcast? Connect with Wes.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Ask a question or learn more at redw.com/iiic
Harnessing the power of current business strategies is essential for leaders in the gaming industry. From navigating the post-pandemic landscape to IT security and surviving the rising cost environment, Tribal casinos in 2023 need to stay on top of their business game and plan for the future to stay in demand. This episode, host Wes Benally is discussing the essentials of staying competitive with REDW Director of Gaming Operations, Kevin Huddleston, and Client Accounting and Advisory Services Manager (CAAS) Kandi Link. Press play and get ready to take some notes!
Have a question or want to suggest a discussion topic for our podcast? Connect with Wes.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Ask a question or learn more at redw.com/iiic
The impact of inflation on investment portfolios in the second half of 2023 can be mitigated with the right strategies. Join host Wes Benally and Paul Madrid, REDW Wealth Management Principal and Practice Leader, for a midyear check-in on investment considerations. In this episode, Madrid shares valuable insights on investment strategies, emphasizing the importance of diversification and taking a long-term perspective for investment decisions.
Madrid also discusses the unique challenges and opportunities of investing for tribal communities, highlighting the importance of collaboration and long-term planning. Whether you're an individual investor in Indian Country or part of a tribal community, this episode offers valuable insights and advice for making informed decisions in today's complex market.
Don't miss out on this opportunity to gain valuable insights from a leading wealth management expert. Tune in!
Have a question or want to suggest a discussion topic for our podcast? Connect with Wes.
© 2023 REDW Wealth LLC. This publication is intended for general informational purposes only and should not be construed as investment, financial, tax, or legal advice. Information and instruction shared in the article above do not guarantee outcomes, performance, or quality of services provided to REDW Wealth Management clients by REDW Wealth Management or its employees. Adherence to our fiduciary duty is not a guarantee of client satisfaction or any particular outcome. Advisory, Assurance, and Tax is offered through REDW LLC. Wealth Management is offered through REDW Wealth LLC.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Ask a question or learn more at redw.com/iiic
Improving organization-wide cybersecurity posture is critical. Tribal leaders need to prioritize cybersecurity and take proactive measures to protect their organizations from cyberattacks. On this episode of Insight in Indian Country, Wes Benally is speaking with REDW IT & Cybersecurity Consulting Director Brian Grayek, CISSP, CMMC-RP, CCSK, ITIL, about the importance of cybersecurity for Tribal Nations and tribal-run organizations. Learn more about the necessary collaboration and communication needed across all departments and levels of an organization, and the need for ongoing assessments to stay ahead of evolving cyberthreats.
This episode is a must-listen for leaders in Indian Country, especially those looking to improve or test the integrity of their cybersecurity practices. We hope you’ll listen in!
Have a question or want to suggest a discussion topic for our podcast? Connect with Wes.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Ask a question or learn more at redw.com/iiic
Last year was a real rollercoaster for many businesses and for the markets. If you are a tribal treasurer or finance director, we're sure you are happy 2022 is over. Now, it's time to take some notes on what we learned. Global events such as the invasion of Ukraine, supply chain shortages due to lockdowns in China, and growing impacts of inflation have affected many investment portfolios.
This episode, REDW National Tribal Practice Leader Wes Benally is looking back on the 2022 market with Daniel Yu, Co Chief Investment Officer and Senior Investment Manager with REDW Wealth Management. Daniel carries 18 years of investment experience. He leads the research team and is responsible for the overall investment process including investment analysis, research, portfolio management, and asset allocation.
REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Ask a question or learn more at redw.com/iiic
Here at REDW, we've always embraced an entrepreneurial spirit for the betterment of the clients we serve, and especially seasoned professionals like Jason Coochwytewa.
Jason is the CEO of Urias Communications, a Phoenix-based advertising and public relations agency with a niche in multicultural markets. He is a respected professional with more than 26 years of expert knowledge in the marketing, communications, and event planning business. In this special episode, REDW Principal and National Tribal Practice Leader Wes Benally is talking with Jason about building a business from the ground up and targeting success as an entrepreneur.
We hope you enjoy listening! Contact us at REDW.com/contact»
REDW LLC is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Learn more at REDW.com/insights
What are the differences between direct and indirect costs associated with federal grants and contracts? This episode, REDW National Tribal Practice Leader Wes Benally and Audit Senior Manager Mike Dierlam are providing answers to the top questions about indirect costs, like:
- What is an indirect cost rate?
- What is the negotiation process?
- What type of entities are eligible for the indirect cost?
- How long might it take to process indirect cost rates?
- How are indirect costs calculated?
- And more...
Tune in to catch valuable insights from REDW's trusted advisors. We'd love to connect with you. Ask a question or start a conversation with us at REDW.com/contact»
REDW LLC is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Learn more at REDW.com/insights
It seems every other day you get an email from a software provider, offering you all the platform bells and whistles that will change your organization for the better—but is another software platform what your enterprise really needs?
This episode, REDW National Tribal Practice Leader Wes Benally discusses how to better target optimal data use in your operations with Lorin Saavedra, Director of Operations in REDW's Client Advisory and Accounting (CAAS) services group.
We welcome your questions! Contact Lorin and the CAAS experts at REDW.com/contact»
REDW LLC is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Learn more at REDW.com/insights
Healthcare organizations are still seeing an unprecedented shortage of providers and frontline staff, forcing them to resort to hiring traveling staff and contractors—which come at a high cost. In addition to grappling with the labor shortage, leaders in Tribal healthcare must continue to navigate COVID-19 relief funding and sources, lease accounting, and growth and expansion. This episode, REDW National Tribal Practice Leader Wes Benally discusses key issues affecting Tribal healthcare with Principal Chris Tyhurst.
Compensation Studies—your key to hiring and retaining top talent.
It’s important to attract—and retain—the best employees to ensure the long-term success and sustainability of your tribal organization. And given an exceptionally competitive labor market and the usual budget constraints, this means basing your employee compensation and benefits programs on relevant and reliable data.
Learn more about REDW's annual Tribal Compensation Study»
Request or participate in our latest Tribal Compensation Study»
REDW LLC is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Learn more at REDW.com/insights
Here at REDW, we've always embraced an entrepreneurial spirit for the betterment of the clients we serve, including mavericks like Monica Jojola who welcome the challenge of innovation.
Monica Jojola is President of Montech, Inc, an 8(a) Woman-Owned Small Business headquartered in New Mexico (with offices in Arizona, California, Colorado, Missouri, and South Dakota), and specializing in professional and technical support services for federal, state, Tribal governments, and commercial customers. In this special episode, REDW Principal and National Tribal Practice Leader Wes Benally is talking with Monica about her journey as a successful Native American entrepreneur. Monica is a member of the Isleta Pueblo and has over 15 years of experience working in government contracting.
We hope you enjoy listening! Contact us at REDW.com/contact»
REDW LLC is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Learn more at REDW.com/insights
Coming out of the health crisis, Tribal organizations with strong cash positions now have plenty of merger and acquisition opportunities in front of them. What considerations should you keep in mind? This episode, REDW Principal and National Tribal Practice Leader Wes Benally covers a variety of topics in the business valuation realm with valuation expert Brian Foltyn.
Brian Foltyn (REDW Principal, Valuation and Related Financial Services) has over 25 years of experience in business valuation advisory services, strategic planning, dispute advisory, and mergers and acquisitions. He will be discussing current trends in the M&A market and considerations for Tribal organizations coming out of the pandemic.
REDW LLC is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and their business affairs. We hope you enjoy listening!
For questions, contact the experts at REDW.com/contact»
REDW LLC is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. We hope you’ll listen in!
Learn more at REDW.com/insights
The journey of an entrepreneur can be a scary one with many risks, but the rewards can be great if you stick with it. In our entrepreneur mini series, we're listening to stories and targeting insights for Native American entrepreneurs. In this episode, REDW Principal and National Tribal Practice Leader Wes Benally is talking with Tamarah Begay, Founder of Indigenous Design Studio— a 100% Native American Woman-Owned architectural and planning firm located in Albuquerque, NM.
Ms. Begay is a member of the Navajo Nation, the first Navajo woman registered architect, and has over 14 years of experience working with Native American tribes on connecting culture, language, and tradition through design.
We hope you enjoy listening! Contact us at REDW.com/contact»
Coming out of the pandemic, Tribal organizations are adjusting to hybrid/remote working models and searching for top talent. What is happening in the talent market today? And what actions best help employers attract and retain high performing team members?
This episode, REDW Principal and National Tribal Practice Leader Wes Benally meets with human resources consulting pros to help Tribal organizations navigate what many call "The Great Resignation." (Though round here, we prefer to call it, "The Great Renegotiation..."). Wes is joined byTaryn Reynolds, Human Resource Generalist, and Laurel Roybal, Compensation Consultant, from REDW's Human Resource Consulting team.
REDW LLC is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and their business affairs. We hope you enjoy listening!
For questions on attracting and retaining top talent, contact the REDW Human Resources consulting experts at REDW.com/contact»
We're sure you've heard about GASB 87 here and there—fiscal year 2022 is going to be a big year. Now is the time for Tribal governments and enterprises to inventory, implement, and record. In our quick summary of the new GASB, we'll get you up to speed on considerations for reviewing contracts and what leases may or may not be included.
REDW LLC is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and their business affairs. We hope you’ll listen in!
For questions on GASB 87, contact REDW Audit & Assurance Principal Chris Bitakis at REDW.com/contact
As Tribal Nations accelerate their digital transformation, cybersecurity becomes ever more critical to address. This episode, we meet with REDW IT and Cybersecurity Consultant Jennifer Moreno to discuss the considerable risks that arise when cybersecurity best practices are neglected, and how to build a culture of security awareness.
REDW LLC is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and their business affairs. We hope you’ll listen in!
For cybersecurity questions, please contact Jen Moreno at REDW.com/contact
It's a question we get a lot—why would a Tribe establish a Tribal business board?REDW Principal and National Tribal Practice Co-leader Corrine Wilson is here to discuss Tribal business boards with REDW Managing Principal Steve Cogan.
Why would Tribes want to establish separate business boards or corporations for their businesses? In a topic discussed widely around Indian Country, there are also a lot of questions about how it works in the first place and what to expect out of such separate boards and corporate entities. Tune in as our trusted firm leaders are answering the important questions that they are most often asked.
REDW LLC is excited to bring you the first season of the Insight in Indian Country Podcast. We hope you'll listen in!
Lease accounting is anything but simple—are you in the loop on GASB statement 87?Press play for quick insights on lease categories, financial statements impacts, performance-based leases for casinos, and more.
Get in the loop on this episode with REDW Audit & Consulting Senior Manager Claire Hilleary, CPA, MBA, who primarily specializes in Tribal healthcare and urban Indian healthcare centers, and REDW Audit & Consulting Principal Chris Bitakis, CPA, CGFM, CGMA, who serves exclusively on Tribal government engagements that include Tribal casinos and Tribal government corporations. Our trusted REDW advisors are here to help your organization move forward.
REDW LLC is excited to bring you the first season of the Insight in Indian Country Podcast. We hope you'll listen in!
So, what is an equity security? Stock markets in 2020 and 2021 have been interesting, to say the least. Back on the podcast to discuss the essentials and complexities of equity securities are REDW Wealth Senior Investment Manager Rob Elzholz, and Chief Investment Officer Daniel Yu.
REDW LLC is excited to bring you the first season of the Insight in Indian Country Podcast. We hope you'll listen in!
Cyber attacks are increasing around the world. In this episode, REDW Software and Cybersecurity advisors Mustafa Kamal, CPA, MBA, and Jennifer Moreno, CISA, identify IT security risks affecting Tribes and their financial information. If you need to review the basics of IT security, this one is for you!
Have you had questions about purchasing or selling a business during the COVID-19 pandemic? As impacts of the health crisis continue to ripple, REDW's Wesley R. Benally, CPA (Senior Manager, National Tribal Practice Co-Lead) and Brian Foltyn, CVA (Principal, and Valuation, Disputes & Transaction Advisory Services Practice Leader) provide insight on business valuation essentials, future expectations, and the important differences between price and value when buying or selling a business in the current economic climate.
REDW LLC is excited to bring you the first season of the Insight in Indian Country Podcast. We hope you'll listen in!
So, what is a bond, really? REDW Wealth Senior Investment Manager Rob Elzholz, CFP®, CRPC ®, AIF®, AAMS®, and Chief Investment Officer Daniel Yu, CFA®, AIF®, touch on the basics of bonds, maturity, interest rates and credit risk, and also share their outlook on fixed income, credit rates and inflation in 2021.
REDW LLC is excited to bring you the first season of the Insight in Indian Country Podcast. We hope you'll listen in!