Officials with the City of East Ridge recently announced that the Tennessee Comptroller of the Treasury had awarded their city the Budget Certificate credential for Fiscal Year 2024. East Ridge is one of 87 cities in Tennessee to earn this distinguished recognition out of a total of 346 municipalities. This acknowledgment of East Ridge’s responsible and sound management of public finances places the city in the top fourth of all cities in the state.
This is the first time in several years that East Ridge has earned this coveted endorsement from the Comptroller. Among the specific criteria to be awarded the certificate are: A city must adopt its budget on or before the fiscal year end and file it with the Comptroller’s office within 15 days of adoption. No issues of concern can be raised during the review of the city’s budget and the city cannot be under the oversight of the Water & Wastewater Financing Board or Utility Management Review Board.
“The financial staff for the City of East Ridge invests a tremendous amount of time and energy developing the city’s annual budget,” said City Manager Scott Miller. “They work with a sense of stewardship and a commitment to excellence while aligning the budget to the community’s needs. “I’m very appreciative that the Comptroller’s Office recognized all our efforts.”
The Tennessee Comptroller’s Office awards this special certificate to qualified cities in recognition of the hard work and commitment of the city’s local officials, including budget and finance staff, to operate the city with a sound financial plan.