Chief Financial Officer

The Chief Financial Officer (CFO) provides oversight of the Tribe’s Finance personnel, fiscal management, General Fund budget, indirect and internal budgeting and accounting procedures, and financial reporting. The CFO also reviews and negotiates Tlingit & Haida's indirect cost proposal, oversees the annual audit, and is responsible for the Tribe's expenditures of approximately $32 million per year in accordance with Generally Accepted Accounting Principles. Tlingit & Haida employs a fund accounting system and operates on a fiscal year ending December 31. Support is provided to divisions and departments within the organization to ensure all grant requirements and statutory regulations are understood and met. In 2020, a significant amount of time was dedicated to supporting the Tribe's response to the COVID-19 pandemic and to processing CARES relief payments to tribal citizen households and tribal citizen small businesses.

2020 Highlights

ƒ Implemented Sage Intacct, a cloud-based accounting system. » This increased efficiencies for the Finance staff when working remotely and improved reporting for management and the Executive Council. ƒ Implemented a new 401(k) plan for tribal enterprise employees with our plan administrator.

Audit

ƒ Completed the annual audit without any findings or reportable deficiencies. This is accomplished through compliance with federal regulations, enforcement of policies and procedures, and effective management of operations and internal controls.

Indirect Cost Proposal

ƒ Prepared the 2021 Indirect Cost Proposal and concluded negotiations with the

Interior Business Center with a favorable rate of 26.78%. In order to be effective with budget planning, a completed agreement is preferable before the start of the fiscal year.

Trust Fund

The 2020 year-end balance of the Tribe’s Trust Fund was $23,474,273 which is a net increase of $1,200,496 for the year after fees and withdrawals. The oversight of the Trust Fund is managed by the Investment Committee. The committee consists of the President, Chief Operating Officer, Chief Financial Officer, and two Executive Council members. ƒ Transferred $298,093 to cover the 2019 indirect shortfall, tribal direct, and activities related to Tlingit Haida Tribal Business Corporation.

2021 Goals

ƒ Prepare the 2022 Indirect Cost Proposal and conclude negotiations with the Interior

Business Center on a favorable 2022 indirect cost rate. ƒ Complete tribal fiscal policy updates that set forth standard procedures, responsibilities and authorities for financial management for all tribal operations and activities. ƒ Develop a comprehensive financial training module for tribal employees to use in the course of their duties.

Ghals’int

Theresa Belton Chief Financial Officer

Audit Committee Catherine Edwards (Chair) Patricia Alexander Jacqueline Pata Maxine Thompson

Finance Committee James Jack Sr. (Chair) Marvin Adams Will Micklin Paula Peterson Helene Simpson

Investment Committee Theresa Belton (Chair) Richard J. Peterson Roald Helgesen Jacqueline Pata (Jan. - Oct. 1, 2020) Will Micklin Catherine Edwards (Appointed Oct. 1, 2020)