(1) All grant or contract monies received by the Nation, except for granting agencies that have restrictions relating to cash management and investments, will be promptly deposited or are wired to the operations account.

(2) Tribal funds in excess of those needed for current operations are deposited in the designated broker account.

(3) All funds received from Federal funding sources are required to be invested in U.S. government or government guaranteed investments, or in a bank account that is fully insured or collateralized.

(4) For granting agencies that have restrictions relating to bank accounts and investments, these requirements will prevail. The Controller will develop a specific policy that will be maintained in the grants and contracts management file. The Controller, by memorandum, will notify the General Manager or Tribal Administrator of the specific requirements. The Supervisor is responsible for establishing and monitoring for compliance. [Res. 2021-02-015 § 2 (Att. 1), 2021.]