athens tn acfr fy2020 text edition

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CITY OF ATHENS, TENNESSEE 
STATEMENT OF REVENUES, EXPENDITURES 
AND CHANGES IN FUND BALANCE 
BUDGET AND ACTUAL - GENERAL FUND 
Year Ended June 30, 2020 
(continued) 
OTHER FINANCING SOURCES (USES) 
Budget 
Actual 
Variance 
With Final 
Budget 
Original 
Final 
Transfer to general purpose school fund 
$ (2,421,000) $ (2,421,000) 
$ (2,431,000) 
$ 
(10,000) 
Transfer to capital improvement fund 
(750,000) 
(750,000) 
Proceeds from sale of property 
15,752 
15,752 
Insurance proceeds 
7,985 
7,985 
Total other financing sources (uses) 
(2,421,000) 
(3,171,000) 
(3,157,263) 
13,737 
Net change in fund balance 
(1,961,900) 
(275,420) 
1,686,480 
FUND BALANCE, beginning of year 
14,160,024 
14,160,024 
14,160,024 
FUND BALANCE, end of year 
$14,160,024 
$12,198,124 
$13,884,604 
$ 1,686,480 
The Notes to Financial Statements are an integral part of this statement. 
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