6.3.8.010 Findings

(a) The Council is authorized to make laws for the Pueblo de San Ildefonso pursuant to Section 5 of the Agreement;

(b) Section 5(a)(ii)(A) of the Agreement requires the Pueblo to enact an Annual Budget that includes all projected revenues and expenditures;

(c) The Pueblo's Annual Budget consists of four (4) fund types within the financial system: the General Fund that is the basic operating fund that accounts for everything not accounted for in another governmental fund; the Special Revenue Fund that is specific revenue fund sources that are limited to being used for a particular purpose; the Capital Projects Fund for fund accounts for the construction, rehabilitation, and acquisition of capital assets, such as land, buildings, equipment, and roads; and the Business (Proprietary) Fund for funds on activities financed primarily by revenues generated by activities themselves; and

(d) For budget purposes, revenues are defined as increases in financial resources received during the year to meet financial obligations incurred during the year;

(e) During the budget development process, it became apparent that the Pueblo must closely monitor and assess the receipt of revenues and expenditure of funds consistently throughout the budget year and take such actions as may be necessary in order to be fiscally responsible;

(f) As part of fiscal responsibility the Council directs that programs, when both federal or other funding as well as General Funds are budgeted, utilize and exhaust outside sources of funding first before utilizing Tribal funds (General Fund);

(g) The Governor shall provide the Council with a monthly, written report on the progress and expenditure of funds regarding Tribally Funded Projects and Capital Projects;

(h) The Governor shall keep the Council informed of the Tribe's financial position by providing the Council with a monthly, written financial statement of the Pueblo;

(i) As part of the close fiscal monitoring of revenues, it is imperative that the Pueblo properly identify, record, and maximize use of revenues generated from long term right-of-way agreements for Pueblo property,

(j) The Governor's Office, in coordination with the Council Budget, Finance, and Taxation Committee, developed the proposed budget attached to this Resolution ("FY 2016-2017 Annual Budget") and the Council Budget, Finance, and Taxation Committee recommended approval of the attached FY 2016-2017 Annual Budget as summarized below;

(k) The Council has reviewed the proposed FY 2016-2017 Annual Budget and the Budget, Finance, and Taxation Committee's recommendation to approve the Annual Budget.