|
MHA
Elders Association Presents Proposed Budget Request
for FY-2002.
The Tribal
Business Council receipted the budget as presented
from Mrs. Marilyn Yellow Bird Baker and Mr. John
Danks; they represented the MHA Elders Association
who requested an amount of $740,000 for administration
and $260,000 for services to the elders.
I inquired as to why the services budgeted were
so low, I informed the Tribal Business Council
that the original intention of funding the $1,000,000
was that all
of the funding dollars went to elder services
dollars. Therefore, I hope that the Tribal Business
Council will work to get the elders the services
that they need. Today just getting the medical
bills paid for by the medical services is hard
enough, we the Tribe should make sure that this
funding gets to them, not towards administration
costs.
The original intent of the $1,000,000 budgeted
for the elders, was that it was going to be used
100% on services.
Tribal
Business Council Receives Draft #1 of the
General Fund Budget for FY 2002 per Steve Salveson,
CFO of Finance
The Tribal Business Council received the Draft
#1 as developed and presented by Mr. Steve
Salveson, Chief Financial Officer of the Finance
Department, wherein it was noted that the Total
Projected Revenues were $6,495,000 and Total Projected
Expenditures were $16,544,401 for a difference
of ($10,049,501) which seems quite consistent
with the budget proposed for FY2001 by myself,
while I served as Treasurer. Therefore the funding
and expenses have stayed pretty much the same
even under new Treasurer Gillette for FY
2001.
Tribe hires
Bond Counsel to Finance the Construction of new
Scattered Family Housing.
The Tribal
Business Council approved the retainment of KUTAK
Rock LLP. To provide the services of as
stated in part:
"The following will set forth the terms and conditions
of which the Firm will agree to act as Bond Counsel
in connection with the proposed issuance of approximately
$20-25 Million in aggregate principal amount of
federally tax-exempt revenue bonds (the "Bonds")
for the purpose of financing the construction
and/or rehabilitation of the scattered site single
family dwelling units on the Tribe's reservation
(the "Project"). The Project will initially be
owned and managed by the Tribe; and
It is the Firm's understanding that the Bonds
are to be sold as a public offering with a rate
of "A" or higher from a nationally-recognized
rating agency, based on a mortgage loan guaranteed
by HUD through the Office of Native American Programs;…
...4. A. ...If the Bonds are not successfully
issued and sold for any reason (including the
Tribe's unilateral failure to issue the bonds,
the Consultant will write off all accrued fees
and the Tribe will be under no further obligation
with respect thereto;…
|
|
