athens tn acfr fy2020 text edition

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CITY OF ATHENS, TENNESSEE 
BALANCE SHEET 
GOVERNMENTAL FUNDS 
June 30, 2020 
ASSETS 
General 
General 
Purpose 
School 
Capital 
Projects Fund 
Nonmajor 
Governmental 
Funds 
Total 
Governmental 
Funds 
Capital 
Improvement 
Cash and cash equivalents 
$ 
1,044,341 
$ 5,176,017 
$ 
562,825 
$ 367,824 
$ 
7,151,007 
Investments 
12,678,893 
- 
5,737,203 
1,419,764 
19,835,860 
Receivables: 
Property taxes, net 
7,029,590 
1,895,806 
8,925,396 
Other governments 
1,376,370 
571,254 
791,370 
172,416 
2,911,410 
Interfund 
2,215 
376,846 
379,061 
Other 
67,114 
340 
67,454 
Inventories 
101,668 
- 
43,855 
145,523 
Restricted stabilization reserve 
- 
84,397 
- 
84,397 
Total assets 
$ 22,300,191 
$ 8,104,320 
$ 7,091,398 
$2,004,199 
$ 39,500,108 
LIABILITIES, DEFERRED INFLOWS, AND FUND BALANCES 
LIABILITIES 
Accounts payable 
$ 
835,167 
$ 
536,531 
$ 
94,981 
$ 
$ 
1,466,679 
Interfund payable 
370,000 
2,215 
6,846 
379,061 
Accrued payroll and 
withholdings 
159,303 
895,981 
121,978 
1,177,262 
Due to component unit 
46,032 
46,032 
Unearned revenues 
614,085 
- 
74,971 
689,056 
Total liabilities 
2,024,587 
1,434,727 
169,952 
128,824 
3,758,090 
DEFERRED INFLOWS OF RESOURCES 
Deferred inflows related 
to property taxes 
6,391,000 
1,895,806 
8,286,806 
8,415,587 
3,330,533 
169,952 
128,824 
12,044,896 
FUND BALANCES 
Nonspendable 
101,668 
131,094 
232,762 
Restricted 
120,785 
84,397 
1,370,213 
1,575,395 
Committed 
21,383 
- 
6,921,446 
39,837 
6,982,666 
Assigned 
- 
4,689,390 
334,231 
5,023,621 
Unassigned 
13,640,768 
13,640,768 
Total fund balances 
13,884,604 
4,773,787 
6,921,446 
1,875,375 
27,455,212 
Total liabilities, deferred 
inflows, and fund 
balances 
$ 
22,300,191 
$ 8,104,320 
$ 7,091,398 
$2,004,199 
$ 39,500,108 
The Notes to Financial Statements are an integral part of this statement. 
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