Press Releases

Former House GOP Leader Mumpower to Join Comptroller’s Office

Press Release from the Tennessee Comptroller of the Treasury, Dec. 3, 2010:

Mumpower to Serve as Executive Assistant to Comptroller of the Treasury

Tennessee Comptroller Justin P. Wilson announced today in Bristol the addition of former House Majority Leader Jason Mumpower to his staff. Mumpower will serve as the Executive Assistant to the Comptroller. His duties will include serving as a liaison to the General Assembly, representing the Comptroller on several boards and commissions and dealing with the overall management of the Comptroller’s office.

“I am honored to join Comptroller Wilson, serving alongside him to protect the interests of Tennessee taxpayers,” Mumpower said. “This opportunity will allow me to work with the department to reduce waste, fraud and abuse of taxpayer money, while also protecting the fiscal well-being of the state.”

Mumpower will join the office Dec. 14, before the General Assembly reconvenes in January.

“We are delighted that Jason will be joining our staff,” Comptroller Wilson said. “He will bring an invaluable level of expertise and a wealth of knowledge of state finances and operations. Due to the challenging budget year we face, this is perhaps more important now than ever before.”

Mumpower previously served 14 years as the state representative for Sullivan and Johnson counties in the General Assembly. During his tenure, he also held the positions of House Majority Leader and House Minority Leader. He served in key roles on the House Finance, Ways and Means Committee and the House Budget Committee. He is a graduate of King College with a major in economics and a minor in political science. He is also an Eagle Scout and is active in many community organizations and projects, including the Rotary Club of Bristol, TN/VA and the chambers of commerce in Kingsport, Bristol and Johnson County.

The Comptroller of the Treasury is a constitutional officer elected in a joint vote of both houses of the General Assembly for two-year terms. State law prescribes the Comptroller’s duties, which include the audit of state and local government entities and participation in the general financial and administrative management and oversight of state government. The Comptroller also is a member of various committees, boards and authorities.

Press Releases

Comptroller’s Divisions Of Bond, Local Finance To Merge

State of Tennessee Press Release, March 29, 2010:

The Tennessee Comptroller’s Division of Local Finance will be merging with the Division of Bond Finance to create the Office of State and Local Finance, effective April 1.

The office will assume all duties and responsibilities of the former two divisions. The Division of Bond Finance has been responsible for managing the state’s debt, including issuance of all bonds, notes and payments of the debt. The Division of Local Finance has been responsible for approving budgets and debt obligations and providing technical assistance for local governments throughout Tennessee.

“This merger allows us to provide efficient services and make government work better in all Tennessee communities and for our investors,” Comptroller Justin P. Wilson said in announcing the change.

The Office will be led by Mary-Margaret Collier, former director of the Division of Bond Finance. Ms. Collier may be reached at 615-401-7872 or at

The new mailing address will be: Office of State and Local Government, James K. Polk Bldg., 505 Deaderick St., Suite 1600, Nashville, TN 37243-0273.

Municipal issuers should file the state form, CT-0253, and other requests with the Office of State and Local Finance at that address.

Press Releases

Audit: Former Wrestling Coach at Kenwood High Improperly Withheld School Funds

Press Release from Tennessee Comptroller of Treasury Justin Wilson, Feb. 24, 2010:

A former wrestling coach at Clarksville’s Kenwood High School lost or misappropriated money from fundraisers and equipment sales, an investigation by the state Comptroller’s Division of Municipal Audit has found.

The former coach sold students “player packages” with sweatshirts, gym bags and other items. However, some students complained that they did not receive all of the promised items. School officials eventually had to refund more than $1,000 to students for undelivered items.

Because the former coach didn’t maintain adequate records, auditors were unable to determine how much money was actually collected, how much was spent for school purposes and how much was missing.

Also, the former coach turned over to the school’s bookkeeper only a portion of the money collected from a candy sale and a cookie dough sale. Auditors determined that the fundraisers should have netted more than $2,000 above the amount the former coach submitted.

Auditors were also unable to locate two first aid kits, valued at $300 each, and a wrestling trophy that had been kept in the former coach’s office.

“It is always disappointing to me when someone in a position of public trust violates that trust,” said Comptroller Justin P. Wilson. “It’s reprehensible when that violation involves money intended to support school programs. Schools already have enough financial challenges during these difficult economic times without money being lost or misappropriated.”

“Instances such as this one demonstrate how important it is for teachers and coaches to keep and maintain their records involving fundraisers, school sales and donations,” said Dennis Dycus, Director of the Division of Municipal Audit. “Adequate record keeping not only helps to ensure that a school program receives all the money it should, but it also alerts school personnel, early on, that money may be missing or stolen before it is too late and thousands of dollars are gone.”