Accounting & Finance

The Accounting and Finance department is responsible for payroll, 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 application process for fiscal year 2026-2027 in now open.

Each application submittal must include the following documents:

  1. Completed Application Form
  2. Completed Scope of Work Report
  3. Copy of most recent Audit, Compilation or Review OR a copy of the Annual Reporting Form for NonProfit Organization Seeking Financial Assistance Form
  4. Balance Sheet/Financial Statement for the previous 3 years (if not provided)
  5. Copy of IRS letter confirming tax-exempt status
  6. List of Board of Directors and Staff Members
  7. Copy of most recent annual reports filed with TN Secretary of State’s office.

 

APPLICATIONS ARE TO BE SUBMITTED ELECTRONICALLY TO:

Hope Taylor   htaylor@cookeville-tn.gov   

931.559.1081

 

Applications are due no later than March 2, 2026, at 4:30 P.M.