State comptroller accepts FY27 operating budget; offers routine observations

Michael reported that the Tennessee State Comptroller's office provided a letter confirming acceptance of the City's FY27 operating budget on August 6. The report includes routine observations comparing submitted budgets to audited financials and noted instances where actual expenditures exceeded budgeted appropriations at a sub-fund or departmental level; Michael reminded the committee that the legal level of control is the fund level, where the city remains in compliance.