City of LaFollette 

LaFollette, TN 

FINANCIAL STATEMENTS, SUPPLEMENTAL INFORMATION AND OTHER REPORTS 

For the Year Ended June 30, 2024

TABLE OF CONTENTS  

 

BOPU-ELECTRIC-DEPARTMENT-PG-70

 

INTRODUCTORY SECTION 

FINANCIAL SECTION

 

INDEPENDENT AUDITOR'S REPORT 

 

 MANAGEMENT'S DISCUSSION AND ANALYSIS

 

BASIC FINACNIAL STATEMENT:

STATEMENT OF NET POSITION

STATEMENT OF ACTIVITIES 

 

BALANCE SHEET- GOVERNMENTAL FUNDS 

 

RECONCILIATION OF THE GOVERNMENT FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION 

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE- GOVERNMENT FUNDS

RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND  

BUDGETARY COMPARISION STATEMENT- GENERAL FUND(ORIGINAL AND FINAL BUDGET)

GENERAL FUND- DETAILED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE AND ACTUAL 

BALANCE SHEET - PROPRIETARY FUNDS 

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - PROPRIETARY FUNDS 

STATEMENT OF CASH FLOWS- PROPRIETARY FUNDS 

NOTES TO FINANCIAL STATEMENT PAGE 21-50

REQUIRED SUPPLEMENTARY INFORMAION SECTION 

SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY (ASSET) AND RELATED RATIOS 

SCHEDULE OF COTRIBUTIOS BASED ON PARTICIPATION IN HE PUBLIC EMPLOYEE PENSION PLAN OF TCRS

PENSION PLAN TCRS

SCHEDULE OF CHANGES IN TOTAL OPEB LIABILITY AND RELATED RATIOS-GOVERNMENTAL ACTIVITIES 

SCHEDULE OF CHANGES IN TOTAL OPEB LIABILITY AND RELATED RATIOS- ELECTRIC DEPARTMENT

SCHEDULE OF CHANGES IN TOTAL OPEB LIAILITY AND RELATED RATIOS- WATER DEPARTMENT

SCHEDULE OF REQUIRE PENSION CONTRIBUTIONS - BOARD OF PUBLIC UTILITIES ELECTRIC AND WATER DEPARTMENTS

SUPPLEMENTARY INFORMATION SECTION 

COMBINING BALANCE SHEETS - NONMAJOR GOVERNMENTAL FUNDS 

COMBINING STATEMENTS OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NONMAJOR GOVERMENTAL FUNDS

SCHELDULES OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL- NONMAJOR GOVERNMENTAL FUNDS 

DRUG FUND 

STATE STREET AID FUND

SPECIAL POLICE FUND 

CAPITAL PROJECTS FUND

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE 

NOTES TO SCHEDULE OF EXPENSES, AND CHANGES IN NET POSITION BY DIVISION WATER AND WASTEWATER 

Schedule of Revenues, Expenses, and Changes in Net Position by Division- Water and Wastewater Division 

OTHER INFORMATION SECTION 

SCHEDULE OF LONG-TERM DEBT, PRINCIPAL AND INTEREST REQUIREMENTS- GOVERNMENTAL ACTIVITIES

SCHEDULE OF DEBT SERVICE REQUIREMENTS- PROPRIETARY FUNDS

SCHEDULE OF CHANGES IN LONG-TERM DEBT BY INDIVIDUAL ISSUE 

SCHEDULE OF LEASE OBLIGATION, PRINCIPAL AND INTEREST REQUIREMENTS BY FISCAL YEAR

SCHEDULE OF CHANGES IN LEASE OBLIGATIONS 

SCHEDULE OF PROPERTY TAX INFORMATION 

SCHEDULE OF REVENUES, EXPENDITURES ANDCHANGES IN FUND BALANCE- BUDGET AND ACTUAL SOLID WASTE MANAGEMENT FUND 

SCHEDULES OF UTILITY RATES AND NUMBER OF CUSTOMERS

COMPLIANCE SECTION 

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS ASED ONN AS AUDIT OFFINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM AND REPORT ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY UNIFORM GUIDANCE 

SCHEDULE OF FINDINGS AND QUESTIONED COSTS

 

SCHEDULE OF PRIOR YEAR FINDINGS