Statement of Purpose/Objectives of the Centralized Accounting System
The primary objective of establishing fiscal policies and procedures is to promote the accurate recording and timely reporting of all financial transactions completed in order to meet the objectives of the Kaw Nation. Included in the objective is compliance with all federal and state rules, regulations and procedures governing each grant or source of funding.
The objective will be met by requiring that all financial transactions be conducted in accordance with policies and procedures prescribed in this manual. Unless statutory law requires otherwise, the underlying intent of structuring the fiscal administration herein is to adhere to Generally Accepted Accounting Principles (GAAP).
An accurate record will be maintained of project expenses and funds through monthly financial statements. Tribal Council, Staff, Grantors, Federal and State Governments all rely upon the integrity of this information for decision making purposes.
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