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Treasurer says Cherokee Nation drew down available federal funds ahead of potential shutdown
Summary
Treasurer Taylor told the committee the Cherokee Nation preemptively drew down federal funds that were eligible to be drawn before an expected federal funding uncertainty, to keep tribal operations and services funded during any near-term shutdown.
Treasurer Taylor told the Cherokee Nation Executive and Finance Committee the tribe has taken steps to reduce risk from possible federal funding interruptions by drawing down federal grants and awards that were eligible to be drawn before a possible federal government shutdown.
Taylor described the tribe’s practice of drawing funds as an available option: some federal awards require expenses to be incurred before drawing funds, while others may be drawn in advance and documented later. Treasury and finance staff “preemptively went ahead and did that” for funds that allowed it, Taylor said, to ensure continuity of tribal operations and services if a short federal shutdown occurs.
Taylor said the tribe anticipates continued uncertainty around the federal budget and a high likelihood of short-term continuing resolutions or shutdowns; she told the committee the tribe has contingency procedures to continue operations and that members and staff should not expect service interruptions for citizens because of the tribe’s preparations.
Taylor also noted the finance and procurement staff are handling end-of-year closing work as the fiscal year transitions and that procurement activity typically spikes in the final days before year-end.
