Cannon officials attend session
Wednesday, January 27, 2016 11:05 am
All 95 county governments in the state of Tennessee have until June 30th of 2016 to comply with Public Charter 112 which amends T.C.A. 9-18-102. This state law requires the development and implementation of internal controls in all local government departments.
The five components of Internal Control are Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring. To help counties comply by the due date, County Technical Assistance Services (CTAS) has scheduled over 20 training classes across Tennessee.
In the first scheduled class, conducted on January 7th, a small group of Cannon County officials made sure they were there to get the maximum benefit from this training. Attending were Diane Hickman, Norma Knox, Lynn Foster, Nathan Nichols and Glenn Steakley.
Because every county is different, CTAS will not be available to create the policies, procedures, work instructions and other documents required by the new law. This is a continuing effort in requiring local governments to establish and maintain controls to provide reasonable assurance that obligations and costs are in compliance with applicable law; funds, property and other assets are safeguarded against waste, loss, and unauthorized use or misappropriation; and revenues and expenditures are properly recorded and accounted for.