18.1.2.090 Receipts and Accounting.

(a) All money received as a result of a tax assessment, fee, or penalty shall be paid to the Pueblo. Any payment received by the Tax Office shall be promptly delivered to the Pueblo de San Ildefonso Finance and Accounting Department ("Finance and Accounting Department).

(b) The Finance and Accounting Department shall provide to the Tax Office timely confirmation of payments made to the Pueblo by a taxpayer as a result of a tax assessment, fee, or penalty, within two (2) business days of receipt of payment.

(c) The Finance and Accounting Department is directed to record and maintain the financial activities associated with the assessment, filling and collection of taxes according to Generally Accepted Accounting Practices (GAAP). The Finance and Accounting Department will initiate and maintain sufficient internal controls to ensure that all tax payments are deposited in a timely fashion and recorded on the official books of records of the Pueblo. Separate bank accounts for the deposit of these taxes are not necessary, provided that the official books of record must clearly identify the tax revenues as being separate from other Tribal revenue.

(d) Tax payments made as part of a valid protest shall be separately identified and deposited in an interest-bearing account, after the Tax Administrator confirms that a valid protest has been made.

(e) The Finance and Accounting Department shall provide to the Tax Office monthly, quarterly, and annual reports showing:

(1) Revenues collected from assessments, fees and penalties for each tax and in total;

(2) All expenditures of taxes for tax administration and other purposes from each tax, and in total;

(3) Available balances remaining for each tax, and in total; and

(4) Amounts held in escrow as part of a valid protest, identified by taxpayer, and in total.

(f) In addition to the foregoing, the Finance and Accounting Department shall provide such other information as requested by the Tax Administrator.