athens tn acfr fy2020 text edition

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City of Athens, Tennessee 
Management's Discussion and Analysis 
June 30, 2020 
$420,841 in highways and streets due to vacancies and related employee benefits, 
traffic signals not installed prior to year end, traffic signal loop repairs, paving less 
than the amount budgeted and lower fuel costs. 
$130,729 in parks and recreation primarily due to less seasonal employees and 
fewer programs being offered beginning in March. 
$34,282 due to a vacancy for part of the year 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, 2020, was $21,821,335 (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. 
City of Athens 
Capital Assets 
2020 
2019 
2020 
2019 
2020 
2019 
Buildings and improvements 
$22,104,697 
$22,030,209 
$1,517,930 
$1,517,930 
$23,622,627 
$23,548,139 
Infrastructure 
10,164,759 
10,164,759 
- 
10,164,759 
10,164,759 
Furniture and office equipment 
4,577,973 
4,365,510 
29,864 
29,864 
4,607,837 
4,395,374 
Machinery and equipment 
9,219,709 
9,182,513 
1,705,006 
1,705,006 
10,924,715 
10,887,519 
Land 
3,221,556 
3,221,556 
34,500 
34,500 
3,256,056 
3,256,056 
Construction in progress 
1,497,790 
239,523 
- 
1,497,790 
239.523 
$50,786,484 
$49,204,070 
$3,287,300 
$3,287,300 
$54,073,784 
$52,491,370 
Additional information on the City of Athens' capital assets can be found in Note 2 on pages 37-40 of this 
report. 
Long-term debt. At the end of the current fiscal year, the City of Athens had no bonded debt outstanding. 
The Athens Utilities Board has debt outstanding totaling $22,507,834 to be repaid by user fees and Board 
funds. In the event of default, the City is required to establish ad valorem taxes to repay the outstanding 
debt. Detailed information on long-term debt activity can be found in Note 3 on pages 41-42 of this report. 
State statutes do not limit the amount of general obligation bonded debt a governmental entity may issue. 
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