The Cannon County Finance Department operates under the authority of the County Financial Management System of 1981 (T.C.A. §§ 5-21-101 through 5-21-129) which consolidates all financial activities of the County Government, Highway Department, and School System under a single department. This consolidation reduces potentially wasteful redundancy created in having separate accounting systems and processes for the three aforementioned departments.
The Finance Department is tasked with maintaining all accounts with generally accepted accounting principles (GAAP), ensuring compliance with all rules and regulations established by the Tennessee Comptroller of the Treasury and Tennessee Commissioner of Education, as well as complying with all laws of the State of Tennessee.
The Cannon County Department of Finance, under the supervision of the director and subject to the policies and procedures adopted by the Cannon County Financial Management Committee, is responsible for the following:
- Budgeting
- Accounting Fiscal Procedures
- Payroll Accounting
- Purchasing
- Employee Benefits
- Cash Management
- Fixed Assets
- Accounts Receivable
- Accounts Payable
Articles:
Cannon County Refunding (City-County) Letter 02-28-2022 (opens in new window)
Dollars, Debt and the Finance Department
Past and Present Bids:
Financial Management Committee
The committee establishes and approves policies, procedures, regulations for a sound and efficient financial system for administering the funds of the county. This includes budgeting, accounting, purchasing, payroll, cash management and other financial matters necessary for an efficient system.