Article III. Tribal Enterprise Budget
§ 1-301 Budget development process.
A. The tribal enterprise board is responsible for the development and management of the tribal enterprise budget.
B. Tribal Enterprise Budget Components. The budget for a tribal enterprise will contain the following components. The total budget will be a roll-up of all department budgets. The total budget and each department budget will follow the format required under this subsection.
1. Budget Narrative. The budget narrative shall include a description of the tribal enterprise and its commercial activities, a summary of the previous year’s financial performance, a summary of the previous three (3) years’ performance, and expectations for upcoming year’s performance.
2. Key Assumptions. Each line item will include any key assumptions used to develop the line item, such as anticipated inflation rate, business performance changes, and increased (or decreased) cost estimates of future expenses.
3. Revenue. The budget will identify income revenue by major business or department activity.
4. Expenses. The budget will include, by department, payroll expenses, personnel benefits, operating expenses, capital expenses, and other expenses. (Res. 2019-42; Res. 2018-04; Res. 2015-10)