NIGA 2019 Annual Report Digital Final


I t is my honor and privilege to provide you with NIGA’s 2018 Financial Report. As Treasurer of the National Indian Gaming Association, my primary duty is to ensure the long-term fiscal health of the Association. The NIGA By-Laws specifically state that the Treasurer is responsible for the funds and security of all monies received by the Association. Part of fulfilling this duty is conducting the annual audit, in 2018 NIGA enjoined Wisconsin based WIPFLi (formerly Joseph Eve LLC) to conduct the audit. WIPFLi conducted their audit of NIGA’s 2018 financials during the week of February 25th and I am pleased to report that NIGA received a “non-qualified” opinion from the auditors. This represents the seventeenth straight year that NIGA’s financial records and statements are in accordance with the Generally Accepted Accounting Principles (GAAP), without exceptions. NIGA continues to rebound from the ambitious projects undertaken that put pressure on our fiscal earnings in 2015. In 2016, we completed construction on the $4.2 million Building Expansion. In 2017, NIGA aggressively addressed our new budget challenges by instituting operational cuts and trimming our budget. In 2018, I am pleased to report that NIGA not only met these challenges but is in stronger than ever financial position heading in to 2019. As the Audit details, NIGA is seeing increased revenues and savings from our transformed Headquarters and of course the Las Vegas Tradeshow ranks as one of the highest grossing Tradeshow in NIGA’s history. In 2018 we must thank our continuing sponsors to NIGA that are helping us pay down the construction mortgage and reduce NIGA’s debt burden into the future. For their support in 2018, I want to thank the following Tribes for their donations: Puyallup Tribe of Indians $250,000 Pechanga Band of Luiseno Indians $250,000 VGT (an Aristocrat Company) $200,000


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