athens tn acfr fy2025

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CITY OF ATHENS, TENNESSEE
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2025
7
The City of Athens maintains fourteen individual governmental funds. Information is presented separately 
in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, 
and changes in fund balances for the General Fund, the General Purpose School Fund, the Federal 
Projects Fund, the General Obligation Bond Fund, the Debt Service – Schools Fund, the Capital 
Improvement Fund, the School Construction Fund and the Education Capital Projects Fund which are 
considered to be major funds. Data from the other six governmental funds are combined into a single 
aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided 
in the form of combining and individual statements later in this report beginning on page C-1.
The City of Athens adopts an annual appropriated budget for its governmental funds. A budgetary 
comparison statement has been provided for the General Fund, the General Purpose School Fund and the 
Federal Projects Fund to demonstrate compliance with this budget.
The basic governmental fund financial statements can be found on pages A-4 to A-7 of this report.
Proprietary funds. The City of Athens maintains two different types of proprietary funds: enterprise 
funds and internal service funds. Enterprise funds are used to report the same functions presented as 
business-type activities in the government-wide financial statements. The City of Athens uses enterprise 
funds to account for its Southeast Tennessee Trade and Conference Center operations and sanitation 
services. Internal service funds are an accounting device used to accumulate and allocate costs internally 
among the City of Athens’ various functions. The City of Athens uses one internal service fund to 
account for its fleet of vehicles and another for employee medical benefits. Because these services
predominantly benefit governmental rather than business-type functions, they have been included within 
governmental activities in the government-wide financial statements.
Proprietary funds provide the same type of information as the government-wide financial statements, only 
in more detail. The proprietary funds financial statements provide separate information for the Southeast 
Tennessee Trade and Conference Center operations and the Sanitation Fund, both of which are considered 
to be major funds of the City of Athens. The internal service funds are presented in the proprietary fund 
financial statement. Individual data for each of the internal service funds is provided in the form of 
combining statements later in this report beginning on D-1.
The basic proprietary fund financial statements can be found on pages A-15 to A-17 of this report.
Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside 
the government. Fiduciary funds are not reflected in the government-wide financial statement because the 
resources of those funds are not available to support the City of Athens’ own programs. The accounting 
used for fiduciary funds is much like that used for proprietary funds. Athens Pension Trust Fund is the 
one fiduciary maintained by the City and is shown on pages A-18 to A-19 of this report.
Notes to the financial statements. The notes provide additional information that is essential to a full 
understanding of the data provided in the government-wide and fund financial statements. The notes to 
the financial statements can be found on pages A-20 to A-96 of this report.