DATE: August 31, 2016
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Mike Lowe, Comptroller
SUBJECT:
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Report from State Comptroller on Fiscal Year 2015 Annual Financial Report.
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Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the Fiscal Year 2015 Financial Report.
Background
Each year, the City submits its annual financial report to the Comptroller of the State of Tennessee for review. The attached letter is the response from the Comptroller’s office.
In conjunction with Crosslin & Associates, our external auditor, City staff is preparing a response to the letter.
Financial Impact
There is no direct financial impact from the report
Recommendation
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There is no staff recommendation. This is an informational report only