The Accounting and Finance department is responsible for payroll and employee benefits, accounts payable, accounting and official financial reporting. The department is also responsible for preparing, monitoring and reporting of operating and capital budgets.
Budgets & Audits
Budgets run from July 1st through June 30th of the following year. Budgets are prepared by the City Manager, the Finance Director, and directors and heads of the various departments within the city. Once the budgets are outlined they are presented to the City Council through several budget meetings. The City Council then either approves or denies the city budget at a public City Council meeting, usually in June prior to funds running out on June 30th. Yearly budgets are posted on this website for public review.
The city budget and finances are audited annually by an independent third party accounting firm. A report is generated and sent to appropriate state regulatory agencies and provided to the public. Audit reports are posted on this website for public review. View archived Budget and Audit Reports.
Non-Profit Budget Allocation
The City of Cookeville has a process for non-profit budget allocation. The application process for Financial Year 2018 to 2019 is now closed.