Tenn. Code Ann. § 64-1-1105

The board of directors of the authority shall report annually as of June 30 of each fiscal year to the governing bodies of the various counties, cities and towns in the area that have contributed financially to the operation of the authority. Such reports shall include statements of financial receipts and expenditures, and a summary of activities and accomplishments for the period and proposed plans for the next fiscal year and for subsequent years.