The University of Tennessee, Knoxville

Tennessee County Municipal Advisory Service

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Designating a Responsible Official

Reference Number: MTAS-630
Tennessee Code Annotated
Reviewed Date: September 11, 2017
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We recommend that the office of the chief fiscal officer be responsible for the CAAS because this office keeps general ledger control accounts and many of the source documents used to process and file property information. The chief fiscal officer, or deputy, acting as property accounting officer, should control the identification of equipment, detailed records, physical inventory planning, entries in the books of account and report preparation. Centralizing this responsibility results in a more efficient and accurate system than maintaining it in individual departments. The official assigned to establish the CAAS will need the cooperation and assistance of all department heads during system establishment, annual inventories, and on other occasions.