athens tn acfr fy2025

Unverified text extraction. Check the original page for numbers, names, and layout.

CITY OF ATHENS, TENNESSEE
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2025
12
Final actual revenues exceeded amended budgeted revenues by $863,781 and significant variances are
summarized below:
 $179,456 more in property taxes.
 $129,146 more in other local taxes primarily because of local sales tax and in lieu of taxes.
 $193,357 more in intergovernmental revenues due to state sales tax, mixed drink tax and
reimbursements from other governments.
 $52,617 more in charges for services due to recreation fees and concessions sales.
 $65,063 more in fines and forfeitures.
 $78,855 more in interest.
 $165,287 more in miscellaneous revenues due to insurance recoveries and third party
contributions.
Final amended budgeted expenditures, including transfers, exceeded actual expenditures by $1,115,766
and are summarized below:
 $419,821 in general government expenditures, related primarily to computer equipment
purchased after year end and cemetery fence cost under budget.
 $147,752 in public safety expenditures, primarily due to vacancies in fire and related employee
benefits and various items being under budget.
 $418,609 in highways and streets due to paving and sidewalk projects not being completed before
year end.
 $116,964 in parks and recreation primarily due to a vacancy for part of the year and lower than
expected mowing contract costs.
 $12,620 due to a vacancy and multiple line items being under budget in animal control.
Capital Asset and Debt Administration
Capital assets. The City of Athens’ investment in capital assets for its governmental and business-type 
fund activities as of June 30, 2025, was $78,784,212 (net of accumulated depreciation). This investment 
in capital assets includes land, buildings, other improvements, equipment, and infrastructure.
Major capital asset events during the current fiscal year consisted primarily of the purchase of machinery 
and equipment for the various city departments, pickleball courts and school construction.
City of Athens
Capital Assets
Governmental Activities Business-type Activities Total
2025 2024 2025 2024 2025 2024
Buildings and improvements $ 71,870,234 $ 69,415,322 $ 1,621,773 $ 1,621,773 $ 73,492,007 $ 71,037,095
Infrastructure 12,608,647 10,925,272 - - 12,608,647 10,925,272
Furniture, equipment and vehicles 13,742,688 9,305,278 1,189,843 863,607 14,932,531 10,168,885
Machinery and equipment 6,830,394 6,924,794 587,419 745,286 7,417,813 7,670,080
Right to use asset - - 93,732 - 93,732 -
Land 3,682,526 3,212,757 34,500 34,500 3,717,026 3,247,257
Construction in progress 137,923 4,472,308 - - 137,923 4,472,308
$108,872,412 $104,255,731 $ 3,527,267 $ 3,265,166 $112,399,679 $107,520,897