Treasury

The Department of the Treasury was created by ONCA 06-02 pursuant to Article VII, Section 13 of the Osage Nation Constitution. It is responsible for ensuring strong fiscal policy and financial accountability in accordance with strict accounting standards. The Osage Nation Department of the Treasury is responsible for ensuring strong fiscal policy and financial accountability in accordance with strict accounting standards. Per the Osage Nation Constitution (Article VII, Section 13), there shall be established, by Osage law, a Department of the Treasury in the Executive Branch and the Principal Chief shall appoint a Treasurer to act as the Chief Financial Officer and administer fiscal policy and ensure financial accountability of the Osage Nation, by and with the advice and consent of the Osage Nation Congress. The powers and duties of the Treasurer of the Osage Nation shall be prescribed by the Osage Nation Congress and will include the mandate that an annual financial statement for the Osage Nation government be audited by a Certified Public Accountant approved by the Congress or by committee of the Congress and presented to the Congress in a timely manner. The Treasurer shall accept, receipt for, keep and safeguard all tribal funds as directed by the Congress and shall maintain and provide an accurate record of such tribal funds.

The Accounting Department is a function of the Treasury, which is overseen by the Osage Nation Treasurer. The accounting department encompasses a wide range of functions, including reporting to Federal agencies, preparing and presenting financial information, contacting and compiling records for external auditors, accounts payable for the various branches of the Nation, the federal and tribal programs, accounts receivable, procurement, payroll, management of the physical assets of the Nation, and employee loans.

The Procurement Department is a function of the Treasury. The procurement office is responsible for coordinating all procurement activity in accordance with applicable policies, federal procurement regulations, and Osage Nation law.