TNECD has announced that 85 out of 95 counties have been awarded ThreeStar status. In addition, since the ThreeStar community development program began requiring eligible communities to create and maintain a County Audit Committee in January 2013, the number of counties with Audit Committees has increased substantially. As of March 2013, there were 32 audit committees around the state; as of July, there are 93.
The Audit Committees are designed to help each county improve their financial management and reporting practices, and help ensure the implementation of good internal controls to prevent or detect fraud, a step towards achieving fiscal strength and efficient government.
Annual participation in the ThreeStar program helps communities develop a strategy and a plan to address Governor Haslam’s “Five Pillars,” his priorities for public policy that include: jobs and economic development; fiscal strength and efficient government; public safety; education and workforce development; and health and welfare. The program encourages local community leaders, representing the five program areas, and Joint Economic and Community Development Boards to implement activities that will impact these quality of life issues—and therefore, their global competitiveness.
To learn more about the ThreeStar program, visit http://www.tn.gov/ecd/threestar/.