Tennessee Code Title 7. Consolidated Governments and Local Governmental Functions and Entities § 7-81-305

The mayor shall receive and hold all the moneys and property of the corporation, audit and pay all bills incurred by the corporation, but shall have no power to issue any negotiable paper. The mayor shall make, in writing, to each meeting of the assembly, an itemized statement of the money expended since the last meeting, and the financial condition of the town treasury.