Ken Mason is an experienced finance leader and consultant and a graduate of the Wharton School of Finance at the University of Pennsylvania.
Ken offers over 40 years of financial experience in the for-profit and not-for-profit sectors and in serving local governments, tribal governments and tribal entities, encompassing client advisory services (including financial management and accounting, financial planning and analysis, forecasting, turnaround management, and business process improvement) and compilation and pre-audit services.
His services to tribal and government entities includes financial staff training in audit, pre-audit, contract management, and grant management.
IN THE NEWS ...
Government entities that received funding from the Coronavirus State and Local Recovery Funds (SLFRF) program may just be learning about a very important deadline that is the topic of this alert. The final rule offers a standard allowance for revenue loss of $10 million, allowing recipients to select between a standard amount of revenue loss or complete a full revenue loss calculation. Recipients that select the standard allowance may use that amount – in many cases their full award – for government services, with streamlined reporting requirements.
Ken Mason has been named director of Walker & Armstrong's Advisory Services department. A graduate of the Wharton School of Finance at the University of Pennsylvania and for several years the manager of the firm’s Advisory Services practice, Ken offers over 40 years of financial experience in the for-profit and not-for-profit sectors and in serving local governments, tribal governments and tribal entities.
Tribes should follow authoritative guidance from the federal government in reporting recipients of pass-through CRF funding.
In extending CRF availability by 12 months, the federal government gave Tribes and other CRF recipients and subrecipients precious breathing room for completing CRF-funded projects and providing valuable services to their constituencies.
The new Treasury Guidance has opened a door for Tribes to continue providing for their employees’ financial needs without having to deplete their reserves.
This article discusses the new Guidance and explore in greater depth the assistance to Tribal businesses and related parties. We will continue with a discussion of procurement and cost principles.
As Tribes await receipt of the final 40% distribution of Fund proceeds, now is the time to focus on eligible expenditures that will deliver lasting benefits to Tribal members.
The sheer size of the Coronavirus Relief Fund will have a significant impact on major fund determination for many Tribes’ audited financial statements.
