Tennessee Completes Annual Financial Report

Friday, December 13, 2013

The State of Tennessee has completed its annual financial report for fiscal year 2012-13. The Department of Finance and Administration’s Division of Accounts produces the Comprehensive Annual Financial Report, and has received national recognition for the report.  

“Closing the state’s financial year requires detailed analysis and disclosure in order to meet national standards,” F&A Commissioner Larry Martin said. “We strive for excellence in maintaining a system of general accounts embracing all the financial transactions of state government and providing a complete and responsible report on state finances.”

The report includes audited government-wide and fund financial statements and related notes, required supplementary information, and the underlying combining and individual fund financial statements and supporting schedules. It also features selected unaudited financial, economic and demographic data on a multi-year basis that is useful in evaluating the economic condition of the government. 

State statutes require an annual audit of all financial statements of the state. As part of the meeting of this requirement, auditors from the Comptroller of the Treasury examined the financial statements, and issued an unqualified opinion on the state’s basic financial statements. The independent auditor’s report is located at the front of the report.

Tennessee has been recognized by Government Finance Officers Association for excellence in financial reporting for a total of 33 years of financial reporting. The award is the highest form of recognition in governmental accounting and financial reporting, and represents a significant accomplishment by the state.  F&A will again seek the certification award from GFOA for the fiscal year 2012-13 report.

CAFR reports dating back to 1997 are available electronically on the state’s website at http://www.tn.gov/finance/act/cafr.shtml.

Larrimore Elected President Of Paty, Rymer, Ulin & Larramore, P.C.

Paty, Rymer & Ulin, P.C., announced the election of Randall D. Larramore to serve as the President of the corporation. The firm also announced that its name has been changed to Paty, Rymer, Ulin & Larramore, P.C.  Mr. Larramore received his Bachelor’s degree from the University of Chattanooga in 1989, and received a Masters in Public Administration ... (click for more)

CPR Cell Phone Repair Holds Grand Opening At Hixson Location

CPR Cell Phone Repair Hixson will hold a Grand Opening Ribbon Cutting on Tuesday, Aug. 5 at 5425 Hwy 153 Suite A-1. The Chattanooga Are Chamber of Commerce will coordinate this event  at 11 a.m. CPR Cell Phone Repair has been specialized in repairing, buying, selling, and trading cell phones, smart phones, computers, laptops, game consoles, cameras, mp3 players, ... (click for more)

City Council Presents Potential Ordinance To Address Noise Level Downtown

Members of the Chattanooga City Council presented a potential ordinance to address concerns about the noise level downtown. If passed, the ordinance will put limits on both dB(A) and dB(C) levels of sound. It was noted, "When we compare our dB level, it is clear that Chattanooga is lower than Nashville and Knoxville." However, this comparison only takes dB(A) levels into consideration. ... (click for more)

Man Shot On Ohls Avenue While Working In His Yard

A Chattanooga man was shot Tuesday evening, while working in his yard. At approximately 8:55 p.m., Chattanooga Police responded to 4217 Ohls Ave. for a shooting. Officers located 34-year-old Daniel Marlowe suffering from a single gunshot wound to his hip.  Mr. Marlowe stated to investigators that while he was working in his yard, three black males approached him and ... (click for more)

Thankful For Senators Alexander And Corker's Support Of The F-35 Joint Strike Fighter Fleet

America’s national security at home and abroad is important to all of us.  So it is very important to recognize and thank our leaders when they show strong support for our military. That’s why I am writing to thank Senators Alexander and Corker for their continued commitment to our great state, our nation, and especially to our military.  Their support ensures that ... (click for more)

Roy Exum: Scottsboro’s Pat Trammell

I got a warm feeling Tuesday when it was announced Pat Trammell will be among those in the inaugural class of the Jackson County (Ala.) Sports Hall of Fame. When the august group is enshrined at Scottsboro’s Goose Pond Civic Center on Nov. 1, most folks won’t even know who Pat Trammell was but I knew all about him in my very first year as a fledgling sports writer back in 1967 and, ... (click for more)