Accounting Support

UMI has been providing services to the Office of Historical Trust Accounting (OHTA) to assist in the Special Deposit Account (SDA) Distribution Project since 2002, shortly after OHTA was created. SDAs are temporary holding accounts for the deposit of funds that could not immediately be credited to their rightful owners. Over the years we have provided Financial Analysts, Project Analysts, Realty Assistants and Administrative Coordinators who worked with personnel from OHTA, Tribes and various accounting firms.

After graduating from the 8(a) program UMI teamed with Cherokee Services Group in 2010 to continue assisting OHTA in the SDA fund analyses.In July 2013 UMI was awarded the Youpee Escheat and SDA Distribution Project contract through our GSA Financial and Business Solutions Schedule.

We currently provide the following accounting support services:

  • Researching ownership of SDAs through searches of land transactions, Individual Indian Money accounts and historical data.
  • Analyzing accounts for OHTA's Special Deposit distribution and Tribal Litigation efforts in regions with large balance accounts which may end up in litigation.
  • Quality assurance and auditing services to ensure the quality and accuracy of the accounting and research of Tribal Accounts.

UMI expanded our services to OHTA in 2011 by joining with Deloitte & Touché LLP to assist with analyzing accounts in both the Individual Indian Monies Trust Fund and the Tribal Trust fund. Our staff performed data analysis and validation of Tribal Trust accounts and/or account activity. The analysis included working with five separate historical accounting systems, producing delivery-ready reports to support the client's information-gathering and settlement strategy efforts, and archiving work products. This project continued until March 2014.

Our activities included:

  • Identifying and categorizing accounts.
  • Classifying and categorizing transactions.
  • Comparing the balances to a control source.
  • Identifying transactional data gaps.
  • Compiling revenue summaries from existing data and source documents.
  • Mapping transactions electronically within and across accounting systems.