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A resolution confirming the compliance and review by the Metropolitan Government of its financial policies and authorizing the application submittal for the Financial Excellence Award of the Tennessee Comptroller of the Treasury.
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WHEREAS, The Metropolitan Government of Nashville and Davidson County has adopted the financial policies as reflected on Exhibit A to be incorporated herein (collectively, the “Financial Policies”); and,
WHEREAS, the Metropolitan Council recognizes the importance of having a strong financial management system in place with strong financial policies to ensure that the Metropolitan Government achieves its objectives for operations, budgeting, debt management, financial reporting, and compliance; and,
WHEREAS, the Metropolitan Council has reviewed the requirements for the Financial Excellence Award of the Tennessee Comptroller of the Treasury (the “Comptroller”); and,
WHEREAS, the Metropolitan Council expresses its desire for the Metropolitan Government to apply for the Financial Excellence Award.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the Metropolitan Council hereby finds that the Metropolitan Government has adopted, and either reviewed or revised, the Financial Policies within the last twelve months and authorizes the Metropolitan Director of Finance, or her designee, to complete and submit an application for the Comptroller’s annual Financial Excellence Award for Fiscal Year 2026.
Section 2. That this Resolution shall take effect from and after its adoption, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution approves an application for the Tennessee Comptroller of the Treasury’s annual Financial Excellence Award for Fiscal Year 2026. The Comptroller’s Financial Excellence Award to recognize and congratulate local governments that have taken the initiative to implement and maintain excellence in budgeting, debt management, financial management, and financial oversight and accountability.
This resolution separately states that the Metropolitan Government has adopted, and either reviewed or revised, the Financial Policies within the last twelve months.