Tennessee Financial Accounting Report — Events Over $5,000 is a financial document issued by the State of Tennessee that records all transactions that exceed $5,000. This document is used to provide a detailed and accurate record of all financial events of the state, such as purchases, sales, transfers, investments and more. It includes a summary of all transactions, including date, amount, description, and payee/mayor name. There are two types of Tennessee Financial Accounting Report — Events Over $5,000: the Standard Report and the Advanced Report. The Standard Report provides a basic overview of all transactions over $5,000, while the Advanced Report provides a more detailed analysis, including breakdowns of the transactions by type and budget category.