Finance and Accounting

Check this page for information on finance, accounting, and budgeting in city government. Selected resources from MTAS, the Department of Revenue, the Comptroller, and other state departments are linked here.

You can report a broken link or problem with this page here.

Controller Issues Draft Statement on Debt Management

On September 22, 2010, Comptroller Justin Wilson held a public hearing on proposed new debt policy requirements. At the hearing, the Comptroller thanked everyone that responded during the comment period and indicated that a revised final draft will be submitted to the State Funding Board for review at or near the first of the year. MTAS will keep local city and finance officials updated on any new developments as they occur. You can find further details on the Comptroller’s website here.
ARRA Compliance Information for Local Governments

• Letter from Comptroller to Local Government Officials and Financial Personnel dated October 12, 2009
• Directives for Recipients of Stimulus Funds. (Office of Tennessee Recovery Act (TRAM))

Comptroller. Division of Municipal Audit

• Letter from Division of Municipal Audit: Impact of ARRA and Implementation Requirements (May 6, 2009)
• Local Government Internal Controls.
• Updates to the City Standard Chart of Accounts (May 2009).
• Local Government Action Plan.

Comptroller. Division of County Audit

• Ten Steps to Compliance for Tennessee Counties
• ARRA Compliance materials for Counties. Division of County Audit.
• Trustee’s Segregation of Duties Letter and Checklist

MTAS Resources

Certified Municipal Finance Officer Program

Changes in Federal and State Lodging Reimbursement Rates for Travel (2010)

• State -- Effective January 1, 2010 - Rate is $ .46 per mile
• Federal -- Effective October 1, 2009 - Rate is $ .50 per mile

Municipal Travel Policy (2010)

Drug Fund Class materials (2006)

• Powerpoint
• Flowchart
• Handout

In-Lieu-of-Tax-Payment Calculator

State Resources

Center for Business and Economic Research (UT-Knoxville)

• Tennessee Economic Overview
• Tennessee Economic Report to the Governor
• Tennessee Business and Economic Outlook

Comptroller of the Treasury, Tennessee

• Division of State and Local Finance
• Division of Municipal Audit
  • Certified Municipal Finance Officer Program
  • Municipal Finance Officer Certification and Education Act of 2007
  • Audit Manual: Standards and Procedures (June 2010)
  • Contract to Audit Accounts Form
• Division of Property Assessments
• Property Tax Freeze Program
• Appealing Property Taxes in Tennessee

Dept. of Revenue, Tennessee

• Tax Collections and Statistics
• Tennessee Tax Information
• Government Certificate of Exemption Form
• Business Tax Guide (Sept. 2005)

Tennessee Dept. of Treasury: Local Government Investment Pool

Local Government Corporation

Tennessee Purchasing -- Contracts, Dept. of General Services

Tennessee Dept. of Treasury: Bank Collateral Pool

Federal Resources

Consumer Price Indexes - Bureau of Labor Statistics

Internal Revenue Service

U.S. General Services Administration

• Domestic per Diem Rates

Associations

American Institute of Certified Public Accountants (AICPA)

Association of Certfied Fraud Examiners (ACFE)

• Middle Tennessee Chapter ACFE

Association of Government Accountants (AGA)

Financial Accounting Standards Board (FASB)

Government Accounting Standards Board (GASB)

Government Finance Officers Association (GFOA)

Natl. Association of Local Government Auditors

Natl. Association of Purchasing Management

Natl. Institute of Governmental Purchasing

Tennessee GFOA

Tennessee Association of Public Purchasing

Last Updated 02/22/2012