Probably one of the most important of all documents that will help formulate a Debt Management Plan is the audit. The annual financial audit includes information about the county that is statistical in nature, expresses an opinion of the county finances, and, to a certain degree, how they are managed. The audit includes much information, but specifically county officials should review:

  • Audit Highlights - summarizes the scope of the audit, results and any findings related to the financial operations. Below is an example.

The most recent audits of your county can be located on the Comptroller of Tennessee’s Web site, under the Division of Local Government Audit.

Recommended Practice: Become familiar with your county’s audit and financial management