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:
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