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Audit Committee accepts Metro Nashville ACFR; fund balance cited as policy-compliant
Summary
The Audit Committee reviewed Crossland’s draft Comprehensive Annual Financial Report and voted to accept it. Committee members discussed fund balance compliance, property tax timing, tax abatements and component-unit reporting.
The Metro Nashville Audit Committee on Oct. 31, 2024 reviewed Crossland’s final draft of the Comprehensive Annual Financial Report and voted to accept the report.
The county’s outside auditors from Crossland delivered the draft ACFR and told the committee the audit was substantially complete. “We’ve reviewed the ACFR from Metro and believe it’s fairly stated in all material respects,” Katie Farris of Crossland said.
Committee members focused on three areas of context: general fund balance compliance, the timing of property tax revenues, and disclosures of tax abatements and component units. The committee…
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