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Laws and Regulations - Section APP.D 4. Selected State Laws Affecting Municipalities Municipalities must comply with federal, state, and local laws and regulations and charter and contract requirements. When determining which laws and regulations have a material direct or indirect impact on the financial statements, both quantitative and qualitative aspects must be considered. No one source summarizes all the applicable laws and regulations. The following list of references should be used only as a guideline in determining which state laws affect the municipality and should not be considered a comprehensive list of compliance features. These references do not necessarily represent the most significant laws, but represent areas in which recurring questions have arisen. Many municipalities have “Private Act” charters. The Private Acts of the State of Tennessee should be reviewed for these municipalities to assess compliance requirements. Selected Tennessee Code Annotated References for Municipalities Charters Section 6-1-101 Section 6-18-101 Section 6-30-101 Mayor - Alderman City Manager - Commission Modified City Manager - Council Books and Records Section 6-54-903 Travel Policies – Filing Requirements Section 6-56-201 Municipal budget law of 1982 Section 8-44-104 Minutes required, open for public inspection Section 9-2-102 Uniform accounting system Section 9-2-103 – 104 Consecutively prenumbered receipts required Section 9-2-106 Violation of receipt requirements is a Class C misdemeanor Section 39-14-130 Destruction of valuable papers with intent to defraud Section 39-16-504 Destruction of and tampering with governmental records Section 66-29-113 Reporting abandoned property Section 68-221-1012 Reporting water loss Audits Section 6-56-105 Section 8-4-109 Section 8-4-115 Section 9-3-212 Section 9-3-405 Section 47-10-101 – 103 Audits of municipalities Audits of governmental entities, Comptroller authorized Audit of Standardized Booking Procedures Duty to order and pay for audits Audit Committees Uniform Electronic Transactions (audit contract and audit report) APP.D-9
Laws and Regulations - Section APP.D Taxes Section 6-55-101 Section 6-55-201 Section 6-55-301 Section 8-21-107 Section 9-1-108 Section 67-5-2005 Section 67-5-2404 Collection and payment of tax Sale of real estate for delinquency Privilege tax Payment (receipt) of fees, fines, costs, etc. by credit card Collection of taxes with credit or debit card Delinquent municipal real property tax certified to county trustees Delivery of delinquent tax list to attorney Purchasing Section 6-54-107 Section 6-56-301 Section 12-2-407 Section 12-3-1001 Section 12-4-101 Section 12-4-106 Section 39-16-105 Officers’ interest in municipal contracts prohibited Municipal purchasing law Sale of surplus property to governmental entities and not-forprofit corporations Purchases for local governmental units (by department of general services) Personal interest of officers prohibited Contracts for professional services Buying and selling in regard to offices held or elected to Investing and Banking Section 6-56-106 Section 6-56-110 Section 9-1-107 Section 9-4-101 Authorized investments Deposits to be secured by collateral Investments–deposits exceeding insurance limits Collateral Debt Section 9-21-408 Section 9-21-601 Section 9-21-903 Interfund loans Capital outlay notes Refunding bond issues Disbursements Section 6-54-111 Section 6-54-901 Section 6-56-111 Section 6-56-111(c) Section 6-56-112 Section 54-4-204 Appropriation of funds for nonprofit organizations (GO TO LAW SUMMARY – APP.D-13) Reimbursement for expenses incident to holding office Deposit within three working days–petty cash fund Use of consecutively prenumbered checks Expenditures for lawful municipal purpose State street aid: Purposes for expending funds; Accounting APP.D-10
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S T A T E O F T E N N E S S E E DEP
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SPECIAL PURPOSE GOVERNMENTS (INCLUD
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Trust Funds - Procedures IJ-5 Resid
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PREFACE This audit manual supersede
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Introduction This manual sets forth
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(9) Establish minimum standards for
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Section 9-3-213, Tennessee Code Ann
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SECTION A GENERAL INFORMATION Compt
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Auditing Standards and Requirements
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Reporting and Auditing Requirements
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