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Staff outlines Financial Excellence Award criteria, targets FY26 eligibility

Budget and Finance Committee Meetings · November 3, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Staff described a new Financial Excellence Award from the Tennessee Comptroller requiring a clean audit, smart budgeting practices, adopted policies and meeting fiscal benchmarks; the city plans to add benchmarks to dashboards and target the award for FY26 after securing the budget certificate.

Finance staff briefed the committee on the Tennessee Comptroller's new Financial Excellence Award and the steps the city plans to take to qualify.

Miss Holden said the award assesses four areas: "earning a clean audit," following "smart budgeting…

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