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Laws and Regulations - Section APP.D 5. Municipal Donations to Nonprofit Organizations Section 6-54-111, Tennessee Code Annotated, as amended, authorizes a municipality’s governing body to appropriate funds for the financial aid of any nonprofit charitable organization that provides year-round services benefiting the general welfare of the residents of the municipality or any nonprofit civic organization working to maintain and increase employment opportunities in the municipality. This section also provides for the Comptroller of the Treasury to establish standard procedures to assist the municipal governing body in the disposition of funds so appropriated. The auditor should consider whether the municipality has complied with the following laws and rules: 1. A municipality may appropriate funds for only those nonprofit charitable organizations that provide year-round services benefiting the general welfare of the residents of the municipality, or any nonprofit civic organization classified under Sections 501(c)(4) or (6) of the Internal Revenue Code working to maintain and increase employment opportunities in the municipality. 2. Municipal payments to nonprofit organizations shall be limited to the amounts appropriated for such purposes and in keeping with the municipality’s guidelines for how the appropriated funds may be spent. 3. The municipality shall require that each nonprofit organization receiving financial assistance from the municipality file with the disbursing official of the municipality a copy of an annual audit of its business affairs and transactions and the proposed use of the contributed funds. 4. For appropriations to nonprofit civic organizations, notices shall be published in a newspaper of general circulation in the municipality of the intent to make an appropriation, specifying the intended amount and purpose. APP.D-13
Laws and Regulations - Section APP.D 6. Selected State Laws Affecting Utility Districts Utility districts must comply with federal and state laws and regulations 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 utility districts and should not be considered a comprehensive list of compliance features. These references are not necessarily the most significant laws, but represent areas in which recurring questions have arisen. Selected Tennessee Code Annotated References for Utility Districts Commissioners Section 7-82-307 Section 7-82-308 Section 7-82-308 Section 7-82-602 Vacancies Compensation Qualifications Number of commissioners Debt Section 7-82-501 Sections 7-82-501–507 Issuance of bonds or notes: review by director of local finance Bonds and notes Financial Distress/Unaccounted for Water Loss Section 7-82-401 Sections 7-82-701–706 Section 7-82-401(h) & 68- 221-1012(b) Accounting manual Utility Management Review Board Unaccounted for water loss Investments Section 7-82-108 Section 9-4-103 Section 9-1-107 Types authorized–to be secured Eligible collateral Depositories Meetings Section 7-82-308 Section 7-82-308 Section 8-44-1031 Section 8-44-103 Required meetings Time and place published Adequate public noticeSunshine Law Adequate public notice APP.D-14
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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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