Areas of Focus

Tribal Financial Stability

A Tribe’s Financial Stability is critical for today, as well as for tomorrow and future generations. TribalCFO focuses on the complete set of Financial Statements (Income Statement, Balance Sheet, Cash Flow Statement) with CASH always being the focal point.

Tribal Health Centers

Tribal Health Centers are vital for providing exceptional healthcare in reservation communities. TribalCFO focuses on the revenue cycle as clinics have fixed revenue sources (AFA, 105(L), Grants) and variable revenue sources (FQHC, 3rd Party Insurance, Medicaid).

Tribal General Fund

Tribally generated revenues support the General Fund and is often a projected budget. TribalCFO focuses on internal controls, as well as CASH Management to reduce risk and transition to an actual budget.

CAROI

The Cooperative Audit Resolution and Oversight Initiative (CAROI) offers Tribal leadership a tool to address government-to-government fiscal challenges. TribalCFO focuses on creating dialogue, promoting trust and enhancing performance.

Why TribalCFO?

It has become apparent that Tribe’s require financial expertise outside of what CPA’s, auditors and legal counsel can provide. Understanding and applying proven  CASH flow concepts to a combination of grants, gaming revenues, enterprise revenues, FQHC revenues, 3rd Party Insurance revenues, as well as other income streams can solidify a Tribe’s financial position for future generations.

TribalCFO understands that many financial challenges remain obscured and come as a surprise to Tribal leadership when discovered. Quite often Tribal leadership is faced with the daunting task of interpreting outdated or even inaccurate financial and accounting information. At times, Tribes have to wait on financial audits that can take up to 9 months to complete. From a financial standpoint as well as an operational perspective, this is hardly a tool to make sound and timely decisions. TribalCFO focuses on the Tribe’s CASH position to better understand the overall financial stability. The day-to-day understanding of the CASH position enables a Tribe to make sound decisions in real-time.

TribalCFO is in a flexible position to provide experienced expertise that will coach and enhance your current finance team. TribalCFO focuses on the Tribe’s CASH position and delivers easy to understand CASH information to the finance team and Tribal leadership. This CASH model provides visibility on a monthly basis that is critical for timely decision making and financial projections. Understanding that many reservations are in remote locations, facing recruitment and retention challenges of financial personnel, TribalCFO can utilize today’s technology to video conference, VPN, etc., for the full array of financial advisement services.

Services Provided

TribalCFO offers a wide range of Financial Services focused on proven CASH flow concepts. CASH is the actual money in the bank and provides a better synopsis of fiscal health. By providing frequent CASH updates, Tribal leadership can make well informed financial decisions in a timely manner.

1.

Reviews

An initial evaluation of financial statements and financial statement audits

2.

Assessments

An in-depth financial evaluation to determine fiscal health

3.

Action Plans

A proposed financial path that is measurable and time sensitive

4.

Analysis

Examine financial information, internal controls and separation of duties

5.

Identifying

Understand financial strengths and weaknesses

6.

Recommendations

A suggested financial corrective action plan

7

Implementations

Process of executing financial corrective action plans

8.

Training

Teaching and coaching personnel on new financial processses

9.

Budgeting

Method of estimating funds needed to provide adequate services

10.

Forecasting

Modeling that uses historical data to make informed financial decisions 

11.

Negotiations

Government to government discussions that resolve fiscal issues

12.

Advisor

Financial information mentor

13.

Oversight

Frequent evaluation of financial performance and internal controls

Interim CFO Services


TribalCFO offers a unique Interim CFO service. Our primary goals are to stabilize the Tribe’s financial position & to prepare a Tribal member to be a successful finance leader.

This approach bridges a gap with an experienced CFO while preparing a Tribal member for the future.


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