Report Materials
EXECUTIVE SUMMARY:
This final report, based upon certain agreed-upon procedures performed by a certified public accounting firm, disclosed that the Claims Award Fund (one of Tennessee's self-insurance funds) had a $27.5 million adjusted fund balance at June 30, 1990 of which 20 percent, or $5.5 million represents the Federal share of the excess reserve balance. We recommended that the State make a financial adjustment of $5.5 million. We also recommended that the ensure that charges to Federal programs are in accordance with OMB Circular A-87 and the Statewide Cost Allocation Plan. Tennessee officials basically concurred with our findings and recommendations.
Notice
This report may be subject to section 5274 of the National Defense Authorization Act Fiscal Year 2023, 117 Pub. L. 263.