Investments and Audit
The Investment & Audit Department provides year-end accounting, audit work papers, financial statement preparation and analysis as needed for the external auditors and presentation to the Seneca Nation Council.
The Investment & Audit Department prepares financial statements for audit and coordinates external audits with the Retail Division, Gaming Division, SNIDEC, Housing Authority, Health Department, Museum, 401 (k), Medicare and Medicaid Cost Reports, as well as, Single and Tribal Government audit to ensure filing on a timely basis without extension and to ensure reports are received by the various funding agencies and the Single Audit Clearing House before the deadlines to avoid any negative effect on funding. We prepare the Consolidated Grant Schedule and Schedule of Federal and State Active Awards.
The Department also formats and submits quarterly and annual electronic filings, prepares monthly bank reconciliations, monthly investment account reconciliations, quarterly 401 (k) reconciliation, updates depreciation schedules for all of the Nation's assets and ensures that the Nation is reimbursed for all Class III regulatory costs.
We work closely with the Comptroller and the Accounting Department and assist other departments and entities as needed. We work on special projects as requested.