What is the State of Tennessee median income?
For purposes of the agreed upon procedures contract for day care providers, the median income (based on information from the US Department of Commerce, Bureau of Economic Analysis, Regional Accounts Data, Annual State Personal Income) for Tennessee can be located at: http://www.bea.gov/ http://www.bea.gov/bea/regional Use the most recent information available for the period under audit. That is, if the audit period is for the 2004 fiscal year, use the 2004 median income information. If the audit is for the 2005 fiscal year, use the 2005 information if it is available (do not use preliminary information), use the 2004 if it is not available. The most recent median income (per capita personal income) information at the above site on October 12, 2006 was: 2001 $26,870 (updated from $26,864 at 9-15-05 and $26,808 at 12-29-03) 2002 $27,490 (updated from $27,678 at 9-15-05 and $27,378 at 12-29-03) 2003 $28,352 (updated from $28,440 at 10-16-06 and $28,641 at 9-15-05) 2004 $29,648 (updated fr
