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City of Jackson Presents External Audit Results at City Council Meeting
Posted on 02/02/2021

JACKSON, Tenn. – At the February city council meeting, Mayor Scott Conger and Bobby Arnold presented the financial audit report prepared by Alexander Thompson Arnold CPAs (ATA).

Tennessee state law requires an annual audit and federal law requires an annual compliance audit for governments with federal funded expenditures in excess of $750K. The city had $4.91 million in federal grant expenditures in fiscal year 2020.

The purpose of the audit is to provide assurance that management has presented a “true and fair view,” to enhance the degree of confidence in the financial statements and to identify areas where management can improve their controls or processes.

A full copy of the report can be found by clicking here: Jackson 2020 Final

“We had to make some tough choices in 2020 not knowing what to expect with the pandemic,” said Mayor Scott Conger. “Despite the uncertainty, our finance department was able to make significant strides toward reducing the city’s overall debt and expenditures.”

Overall, for fiscal year 2020 the city was able to reduce debt by $11.8 million, operate $4.6 million under budget and add $2.7 million to the general fund.

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