Smoke Signals
J
Fy90 Budget Issue
Page 11
7na Endowment Fund
Thisfund will be established toprovideforthe
long term economic, cultural and social sta
bility of the Tribe. Each year tribal resources
are subject to the federal appropriations proc
ess or to the stability of the domestic timber
market Given this circumstance, tribal offi
cials have developed a plan to reduce this
dependency by creating a reserve fund which
willprovide for essential governmental opera
tions on a continuing basis regardless of
Federal funds or timber sales.
This fund will be established gradually over a
five (5) year period Each year 25 of net
tribal revenues plus all unobligated revenues
after all programs and service commitments
are made will be placed into this fund. At the
end of the five year period this fund will
produce approximately $600,000 annually for
essential services and governmental opera
tions from interest earnings. These earnings 1
will be used thereafter to fund tribal opera
tions without relying on federal appropria
tions or annual timber sales.
FT 1989 FT 1990 FT 1991 FT 1992 FT 1991 FT 199 rT 1995
iniuniiniiuiiiiiiiHuii aaaaauaasa bmsmssmu miin aaaaaaaaaaaa aaaaaaaaaaaa aaaaaaaaaaaa
TIMBER REVENUE $1,511,979 $3,558,912 $3,609,085 $2,100,000 $2,100,000 $2,100,000 $2,100,000
Uc: HA 10X $151,198 $355,891 $360,908 $210,000 $210,000 $210,000 $210,000
Ui: E.O. 30X $408,234 $960,906 $974,452 $567,000 $567,000 $567,000 $567,000
less: E.F. $238,137 $560,529 $568,431 $330,750 $330,750 $330,750 $330,750
I tit: Programs $380,097 $380,097 $380,097 $380,097 $380,097 $380,097 $380,097
ins: Tribal Ind. $231,967 $231,967 $231,967 $231,967 $231,967 $231,967
Use Capital Costs $70,000
Its: Nile. Fund $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000
less: Other $0 $59,811 $0 $0 . $0 $0 $0
BALANCE $34,313 $639,711 $793,228 $80,186 $80,186 $80,186 $80,186
DISTRIBUTION FT 1989 FT 1990 FT 1991 FT 1992 FT 1993 FT 1994 FT 1995
X of Tiefcer Rev. $238,137 $560,529 $568,431 $330,750 $330,750 $330,750 $330,750
Balance of Revenue $34,313 $639,711 $793,228 $80,186 $80,186 $80,186 $80,186
Total $272,450 $1,200,240 $1,361,658 $410,936 $410,936 $410,936 $410,936
Beginning
Investment $272,450 $286,072 $1,574,931 $3,162,165 $3,909,865 $4,732,334 $5,637,050
Add' I tnvMtMnt $1,200,240 $1,361,658 $410,936 $410,936 $410,936 $410,936
Int. Earning $13,622 $88,619 $225,576 - $336,763 $411,533 $493,780 $584,252
End. Invtatntnt $286,072 $1,574,931 $3,162,165 $3,909,865 $4,732,334 $5,637,050 $6,632,238
Health, Housing and Scholarship Funds
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
Cuautative balanct $55,000 $115,500 $182,050 $255,255 $335,781 $424,359 $521,794 $628,974 $746,871
Annual Contribution $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000
Inttratt earnings 8 10X $5,000 $10,500 $16,550 $23,205 $30,526 $38,578 $47,436 $57,179 $67,897 $79,687
Balance
$55,000 $115,500 $182,050 $255,255 $335,781 $424,359 $521,794 $628,974 $746,871 $876,558
Health Fund
Thisfund will be established to supplement
Initially, these funds will be utilized to
offset the deferred services which are not met
by Indian Health Services (IHS). Like the
endowment fund, thisfund wiUbe established
to operate on interest earnings. This fund will
take ten (10) years to establish, however,
services will be provided each year while the
fund balance is accumulating.
The Tribeproposestosetaside$100,000each
year for the ten (10) year period, with the
provision that $50,000 will be placed into the
fitndin October of eachyear, andthercmain
ing $50,000 will be made available to meet
some of the medical deferred services of the
tribal community. At the end of the ten (10)
year term, the fund will be self-sustaining and
the interest earnings will be available each
year for medical services.
Housing Fund
( '
This fund will provide supplemental assis
tance to the federal housing funds to assist
eligible tribal members in the renovation of
their homes and in the purchase of standard
homesforthosemembersmterestedin buying.
Thisfund will be set up similar to the Health
fund. Uke the Heahhfunathh fund will take
ten (10) years to establish, however, services
will be provided while the fund is accumulat
ing. Additionally, this fund will be self-sustaining
at the end of the ten (10) year period.
Scholarship Fund
Thisfund will be established to create schol
arship opportunities for tribal members pur
suing careers in specific fields which will
enhance the operations of tribal government
and have a greater impact on the development
of the Tribe and its members.
This fund will be established similar to the
Health and Housing funds. While the fund
will last indefinitely, the terms which are
required to establish the fund will expire after
the ten (10) year period After the appropriate
fund balance is reached the program will
function on interest earnings alone.
Note:
Each of the funds mentioned above will be
established independently by specific Tribal
Council action. The terms and conditions of
each of these funds will varydependingon the
needs of the program. Each fund will be
established by separate Tribal Councilresolu
tions which will contain all terms and condi
tions and any special circumstances regarding
the funds.