Tennessee Football, Inc.

Size: px

Start display at page:

Download "Tennessee Football, Inc."

Grant French
5 years ago
Views:

1 Tennessee Football, Inc. Summary of User Fee Payable for the 2014 National Football League Playing Season and Report of Independent Accountants on Applying Agreed-Upon Procedures

2 TENNESSEE FOOTBALL, INC. TABLE OF CONTENTS INDEPENDENT ACCOUNTANTS REPORT ON APPLYING AGREED-UPON PROCEDURES 1 EXHIBIT I USER FEE SCHEDULE AGREED-UPON PROCEDURES 2 EXHIBIT II RESULTS OF USER FEE SCHEDULE AGREED-UPON PROCEDURES 3 EXHIBIT III TENNESSEE FOOTBALL, INC. SUMMARY OF USER FEE PAYABLE FOR THE 2014 NATIONAL FOOTBALL LEAGUE PLAYING SEASON 5 Page

3 INDEPENDENT ACCOUNTANTS REPORT ON APPLYING AGREED-UPON PROCEDURES To the Board of Directors of Tennessee Football, Inc. and the Metropolitan Government of Nashville and Davidson County: We have performed the procedures enumerated in the accompanying Exhibit II, based on the procedures described in Exhibit I. The procedures in Exhibit I were agreed to by Tennessee Football, Inc. (the Member Club ), with respect to the Summary of User Fee Payable for the 2014 National Football League Playing Season (the User Fee Schedule ) set forth in Exhibit III, solely to assist the Member Club and the Metropolitan Government of Nashville and Davidson County ( City of Nashville ) in evaluating the User Fee Schedule. The Member Club s management is responsible for the User Fee Schedule. This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described in Exhibit I or Exhibit II either for the purpose for which this report has been requested or for any other purpose. Our procedures and findings are set forth in the accompanying Exhibit II. We were not engaged to, and did not, conduct an examination, the objective of which would be the expression of an opinion on the User Fee Schedule. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the use of the Member Club and the City of Nashville and is not intended to be and should not be used by anyone other than these specified parties. July 21, 2015

4 EXHIBIT I AGREED-UPON PROCEDURES Tennessee Football, Inc. User Fee Schedule for the 2014 Season 1. Obtain a copy of the Summary of User Fee Payable for the 2014 National Football League Playing Season (the User Fee Schedule ) from the management of Tennessee Football, Inc. (the Member Club ). 2. Recompute the User Fee Schedule for mathematical accuracy and note any differences. 3. Compare and agree Seats per Stadium Manifest to stadium manifest provided by the Member Club. 4. For each game on the User Fee Schedule, note whether Permitted or Actual Complimentary Seats exceed the 3,250 complimentary seats that are permitted pursuant to Tennessee Code , Municipal stadium seat privilege tax. 5. Obtain a reconciliation from the Member Club between the stadium manifest, complimentary seats that are permitted pursuant to Tennessee Code , Seats Not Subject to User Fee, and Seats Subject to User Fee. Perform the following procedures: a. Recompute reconciliation for mathematical accuracy and note any differences. b. For Seats Subject to User Fee on the reconciliation, compare and agree to the Member Club s internal calculation worksheets and note any differences. c. Compare and agree Seats Subject to User Fee from the reconciliation to the User Fee Schedule and note any differences. 6. Using reconciliation obtained in procedure 5, compare and agree Seats Not Subject to User Fee from the reconciliation to the User Fee Schedule and note any differences. 7. Compare and agree $3 User Fee to City of Nashville Ordinance No. BL as amended by Ordinance No. BL Compare and agree the Total Payable appearing on the User Fee Schedule to the Member Club s accounting general ledger. 9. Obtain a reconciliation from the Member Club of the accounting general ledger to the audited financial statements, compare and agree the line items on the trial balance containing the Total Payable associated with the User Fee Schedule to the audited financial statements, and note any differences. 10. Compare and agree Total Paid appearing on the User Fee Schedule to the Member Club s cash disbursement records. 11. Obtain a representation letter from the President/Chief Executive Officer and Senior Vice President/Chief Financial Officer, of the Member Club, certifying that the User Fee Schedule is accurate and complete

5 EXHIBIT II RESULTS OF AGREED-UPON PROCEDURES Tennessee Football, Inc. User Fee Schedule for the 2014 Season 1. Obtained a copy of the Summary of User Fee Payable for the 2014 National Football League Playing Season (the User Fee Schedule ) from the management of Tennessee Football, Inc. (the Member Club ). 2. Recomputed the mathematical accuracy of the User Fee Schedule and noted no differences. 3. For each game on the User Fee Schedule, compared and agreed Seats per Stadium Manifest to stadium manifest provided by the Member Club. 4. For each game on the User Fee Schedule, compared Permitted or Actual Complimentary Seats to the 3,250 complimentary seats that are permitted pursuant to Tennessee Code , Municipal stadium seat privilege tax, and noted that the Member Club did not exceed this amount for any game on the User Fee Schedule. 5. Obtained a reconciliation from the Member Club between the stadium manifest, complimentary seats that are permitted pursuant to Tennessee Code , Seats Not Subject to User Fee, and Seats Subject to User Fee and performed the following procedures: a. Recomputed the reconciliation for mathematical accuracy and noted no differences. b. For Seats Subject to User Fee on the reconciliation, compared and agreed to the Member Club s internal calculation worksheets and noted no differences. c. Compared and agreed Seats Subject to User Fee from the reconciliation to the User Fee Schedule and noted no differences. 6. Using reconciliation obtained in procedure 5, compared and agreed Seats Not Subject to User Fee from the reconciliation to the User Fee Schedule and noted no differences. 7. Compared and agreed $3 User Fee to City of Nashville Ordinance No. BL as amended by Ordinance No. BL Obtained a reconciliation from the Member Club of the Total Payable appearing on the User Fee Schedule to the Member Club s accounting general ledger. Compared and agreed the Total Payable on the reconciliation to the User Fee Schedule, noting no differences. Compared and agreed general ledger amounts on the reconciliation to supporting schedules, journal entries, and general ledger detail that tied the amounts to the Member Club s accounting general ledger, noting no differences. 9. Obtained a reconciliation from the Member Club of the Member Club s accounting general ledger to the audited financial statements. Compared and agreed the line items (as addressed by procedure 8) containing the Total Payable associated with the User Fee Schedule to the audited financial statements and noted no differences

6 10. Compared and agreed Total Paid appearing on the User Fee Schedule to the Member Club s cash disbursement records and noted no differences. 11. Obtained a representation letter from the President/Chief Executive Officer and Senior Vice President/Chief Financial Officer, of the Member Club, certifying that the User Fee Schedule is accurate and complete

7 TENNESSEE FOOTBALL, INC. EXHIBIT III SUMMARY OF USER FEE PAYABLE FOR THE 2014 NATIONAL FOOTBALL LEAGUE PLAYING SEASON Total Due Permitted Metropolitan Seats per or Actual Seats Not Seats Government of Stadium Complimentary Subject to Subject to User Nashville and Manifest Seats User Fee User Fee Fee Davidson County 1 8/9/14 Green Bay Packers 69,630 (3,250) (2,409) 63,971 $ 3 $ 191, /28/14 Minnesota Vikings 69,630 (3,250) (4,177) 62, , /14/14 Dallas Cowboys 69,630 (1,658) (768) 67, , /5/14 Cleveland Browns 69,630 (2,248) (1,322) 66, , /12/14 Jacksonville Jaguars 69,630 (2,428) (4,495) 62, , /26/14 Houston Texans 69,630 (1,813) (2,940) 64, , /17/14 Pittsburgh Steelers 69,630 (1,731) (2,839) 65, , /7/14 New York Giants 69,630 (2,263) (3,562) 63, , /14/14 New York Jets 69,630 (3,227) (4,667) 61, , /28/14 Indianapolis Colts 69,630 (1,632) (3,212) 64, ,358 Total payable 1,927,227 Total paid (1,927,227) Difference $

UNITED STATES DISTRICT COURT DISTRICT OF MINNESOTA. v. MEMORANDUM AND ORDER

CASE 0:11-cv-03354-PAM-AJB Document 22 Filed 06/13/12 Page 1 of 7 UNITED STATES DISTRICT COURT DISTRICT OF MINNESOTA Gene Washington, Diron Talbert, and Sean Lumpkin, on behalf of themselves and all others