1.1 PURPOSE AND LIMITATION The purpose of this manual is to define the policies that govern the day-to-day financial and accounting operations of IGA. These policies are intended for the employees to carry the philosophy and purposes IGA in an effective and efficient manner. Nothing contained within these policies shall supersede IGA Bylaws Section 13.4, “The Treasurer shall have the ultimate custody and control of, and responsibility for, all IGA funds and securities and shall deposit same in such bank or depository as the Tribal Membership shall, by resolution, so direct; shall keep a full and accurate account of all monies received and paid on account of the Association; and shall have such other duties as usually pertain to the office of Treasurer or such other duties as may be assigned by the Tribal Membership.” Policies are general guidelines for decision-making; they are broad statements that establish boundaries for organizational actions and decisions. 1.2 COMMITMENTS The policies in this manual articulate the operating standards and requirements of IGA. These standards and requirements are a combination of principles that make for effective and efficient organization, and legal requisites that are grounded in tribal, state, and federal law. There are legal and punitive ramifications for not following the policies, both for the organization as a whole and for individual employees of IGA. Therefore, IGA employees and the Board of Directors shall be thoroughly familiar with the policies and make a written commitment to abide by them. The administration of IGA shall develop a process of orientation for all its employees to enable them to study the policies and to understand them. Ultimately, however, it is the individual participant’s responsibility to study, understand and abide by the policies. 1.3 CHANGES AND AMENDMENTS The guidelines presented in this manual are subject to review and revision. Any employee of IGA may recommend a change or changes in the policies at any time. Recommendations for changes will be reviewed by the IGA Executive Committee, with input from the accounting firm(accountant) if requested by IGA. Once the Executive Director and accounting staff reach a consensus on recommended changes, the recommendations will be presented to the IGA Executive Committee at any regular meeting or special meeting called for that purpose. The IGA Executive Committee shall review all recommendations for changes and take the appropriate action. The process of formulating recommendations shall be guided by what is best for IGA. Changes must be initiated through careful thought, reflection and deliberation. All changes must be consistent with the provisions of IGA By-Laws and with applicable tribal, state and federal laws and
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IGA Accounting Policies and Procedures (guidelines)
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