Dear Tribal Leaders & Enterprise Operators:
Time is of the essence and pressure builds to spend CARES funds before December 31, 2020. Any day, Tribal nations expect to receive the additional 40% ($3.2 billion) of the $8 billion that was allocated for tribes in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
As the December deadline approaches, COVID-19 continues to impact tribal nations, with some experiencing a second surges of infections and hospitalizations.
The fall season may manifest with a resurgence of infections with concurrent flu and other viruses, so it’s important to deliberate, comprehensive, coordinated and inclusive health policy efforts to minimize the impact.
Some Tribal Nations have been hardest hit because of continuing health disparities and lack of healthcare funding that has affected Native American Tribal Nations.
With many uncertainties regarding the virus and spending, we are urging tribes to update and revamp their accounting processes, procedures, and technology to ensure they are in a good position when the CARES spending is eventually audited.
Our team specializes in empowering tribes by helping them understand their financial situations to realize their true buying power and potential for community and economic development.
n addition, our team of economic and policy experts can develop a spending plan to address top priorities concerning the COVID-19 pandemic and economic recovery within the time limitations set by the U.S. treasury.
The CARES Act Recovery Assistance provides a wide range of financial assistance options for communities to respond and recover from the adverse economic effects of the pandemic including Economic Adjustment Assistance (EAA) program funds.
Funding considerations might include set aside to work with various traditional healers to set traditional health criteria, construction of traditional structures, and assist in keeping both patient and traditional healers safe from contracting the coronavirus.
Please feel free to contact us for assistance with any of these matters concerning accounting, economic development, and public health policy.
We would love to speak with you.
McCabe CPA and Consulting Group, LLC.