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Reporting and Auditing Requirements – Special Purpose Governments - Section D in the form of loans must separately identify both the federal and state portions. In addition, the composition of the schedule should conform to the example in Appendix A, which exceeds OMB requirements.) 3. Schedule(s) of Long-Term Debt, Principal, and Interest Requirements (e.g., bonds, notes, and other long-term debt–by individual issue) by Fiscal Year. 4. Utility Rate Structure and Number of Customers 5. Unaccounted for Water (See Example Schedule in Appendix A). The format for this schedule is included in Appendix A and is effective for reports submitted through December 31, 2012. For reports submitted January 1, 2013 and later, tThe American Water Works Association (AWWA) water loss reporting model must be used. For more information regarding the AWWA model you can access the water audit software at: http://www.awwa.org/resources-tools/water-knowledge/water-loss-control.aspx http://www.awwa.org/Resources/WaterLossControl.cfm?ItemNumber=47846& navItemNumber=48155. 6. If the district provides several utility services and accounts for all of those activities in a single fund, detailed schedules that provide information consistent with what would have been presented in fund financial statements should be included in supplemental information for each division/department (i.e., assets, liabilities and net assets; revenues, expenses, and changes in net assets; and cash flows). If sufficiently detailed information is included in the notes to the financial statements, these additional schedules are not required. This information is necessary to demonstrate compliance with state laws regarding utility operations. D-4
Reporting and Auditing Requirements – Special Purpose Governments - Section D Public Charter Schools Background Public charter schools are authorized to be created by TCA 49-13-101. They can be created for several reasons, as spelled out in TCA 49-14-106. All public charter school systems have a fiscal year end of June 30, and must be audited annually. The Board of Education of public charter schools is required to maintain their accounts and records in accordance with generally accepted accounting principles and in conformance with the uniform chart of accounts and accounting requirements prescribed by the Comptroller of the Treasury. The internal school funds (activity, centralized or noncentralized cafeteria funds, and other internal school funds) of public charter schools should be accounted for and reported on in the same manner as the internal school funds of municipal school systems, as provided for in Section F of this manual. Financial Reporting General The basic financial statements of all public charter schools should comply with the provisions of the Governmental Accounting Standards Board, as detailed in the Codification of Governmental Accounting and Financial Reporting Standards. Additional Requirements of the Comptroller’s Office 1. An opinion on whether the accompanying information is fairly stated in all material respects in relation to the basic financial statements taken as a whole is preferred for ALL supplementary information. However, at a minimum the Schedule of Expenditures of Federal Awards and State Financial Assistance must be opined on in relation to the basic financial statements. 2. A Schedule of Expenditures of Federal Awards and State Financial Assistance. (This schedule is required if the organization has expended any direct federal assistance or subrecipient funds, regardless of the amount expended. Assistance in the form of loans must separately identify both the federal and state portions. In addition, the composition of the schedule should conform to the example in Appendix A, which exceeds OMB requirements.) D-5
Page 1 and 2: S T A T E O F T E N N E S S E E DEP
Page 3 and 4: SPECIAL PURPOSE GOVERNMENTS (INCLUD
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Page 7 and 8: PREFACE This audit manual supersede
Page 9 and 10: Introduction This manual sets forth
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Page 15 and 16: SECTION A GENERAL INFORMATION Compt
Page 17 and 18: Auditing Standards and Requirements
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Fraud Risk AssessmentCurrent Develo
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Fraud Risk AssessmentCurrent Develo
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Audit Procedures - Section APP.C 2.
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Audit Procedures - Section APP.C 2.
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Audit Procedures - Section APP.C (C
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Laws and Regulations - Section APP.
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APPENDIX E MISCELLANEOUS Audit Proc
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47 Miscellaneous - Section APP.E AP
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EXAMPLE OF A PROPOSAL EVALUATION ME
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