Why Are Tribes Considered Governments for Financial Reporting? • Power to Enact and Enforce a Tax Levy? • Established via Governmental Legislation? • Provide Services in Lieu of Another Government? • Ability to Issue Tax-Exempt Debt? • Non-for Profits Under Tax Provisions do not Preclude Entities from Being Governmental • Tribes are considered sovereign entities, similar to state governments by the United States Federal Government.
Tribal Entities – GASB Applies to All! • Tribal Enterprises (Casinos, Hotel, Retail, Mini- Mart, Tobacco, Etc.) • Tribal Government • Tribally Sponsored Benefit Plans • Component Units
BlueBird CPAs
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