City of LaFollette 

LaFollette, TN 

FINANCIAL STATEMENTS, SUPPLEMENTAL INFORMATION AND OTHER REPORTS 

For the Year Ended June 30, 2024

TABLE OF CONTENTS  

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