CITY OF LAFOLLETTE
LAFOLLETTE, TENNESSEE
FINANCIAL STATEMENTS, SUPPLEMENTAL INFORMATION AND OTHER REPORTS
FOR THE YEAR ENDED JUNE 30, 2020

TABLE OF CONTENTS
INTRODUCTORY SECTION

FINANCIAL SECTION
INDEPENDENT AUDITOR'S REPORT
MANAGEMENT'S DISCUSSION AND ANALYSIS

BASIC FINANCIAL 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 Comparison 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 Statements PAGE 21-29
Notes to Financial Statements PAGE 30-39
Notes to Financial Statements PAGE 40-48

REQUIRED SUPPLEMENTARY INFORMATION SECTION
Schedule of Changes in the Net Pension Liability and Related Ratios
Schedule of Contributions Based on Participation in the Public Employee Pension Plan of 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 Liability and Related Ratios - Water Department
Schedule of Required 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 Governmental Funds
Schedules 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 the Schedule of Expenditures of Federal Award and State Financial Assistance

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

OTHER INFORMATION SECTION
Schedule of Loans and Capital Leases - Governmental Activities

Schedule of Debt Service Requirements - Proprietary Funds

Schedule of Changes in Long-Term Debt by Individual Issue

Schedule of Property Tax Information

Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Solid Waste Management Fund

Schedules of Utility Rates and Number of Customers

AWWA Water Audit Reporting Worksheet for the Year Ended June 30, 2020

COMPLIANCE SECTION:

Independent Auditor's Report on Internet Control over Financial reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards

Schedule of Prior Year Findings