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 PURPOSE SCHOOL FUND 
Year Ended June 30, 2020 
REVENUES 
Budget 
Actual 
Variance 
with Final 
Budget 
Original 
Final 
Property taxes 
$ 1,624,000 
$ 1,624,000 
$ 1,937,912 
$ 
313,912 
County revenue 
1,198,400 
1,198,400 
1,560,510 
362,110 
State funds 
8,948,230 
8,972,082 
9,408,636 
436,554 
Federal funds received through state 
250,000 
248,200 
213,487 
(34,713) 
Direct federal funds 
683 
683 
Tuition 
271,272 
271,272 
163,124 
(108,148) 
Interest 
32,000 
32,000 
26,461 
(5,539) 
Other 
26,000 
26,000 
7,832 
(18,168) 
Total revenues 
12,349,902 
12,371,954 
13,318,645 
946,691 
EXPENDITURES 
Current: 
Instruction 
Regular instruction 
8,701,702 
8,665,834 
8,201,296 
464,538 
Special education 
629,265 
629,265 
560,506 
68,759 
Early childhood education 
672,961 
672,961 
646,241 
26,720 
Other instruction 
11,500 
11,500 
4,951 
6,549 
10,015,428 
9,979,560 
9,412,994 
566,566 
Support services 
Instructional support 
1,247,580 
1,247,220 
1,159,321 
87,899 
Student support 
334,220 
367,440 
326,001 
41,439 
Administration 
1,585,089 
1,585,089 
1,487,669 
97,420 
Operation and maintenance of plant 
1,225,420 
1,395,616 
1,289,212 
106,404 
Transportation 
594,567 
594,567 
481,053 
113,514 
Other support services 
953,877 
942,689 
754,948 
187,741 
5,940,753 
6,132,621 
5,498,204 
634,417 
Non-instructional services 
• Capital outlay 
236,000 
236,000 
80,628 
155,372 
Total expenditures 
16,192,181 
16,348,181 
14,991,826 
1,356,355 
REVENUES OVER (UNDER) EXPENDITURES 
(3,842,279) 
(3,976,227) 
(1,673,181) 
2,303,046 
OTHER FINANCING SOURCES (USES) 
Insurance proceeds 
155,000 
157,568 
2,568 
Proceeds from sale of property 
1,834 
1,834 
Transfer from general fund 
2,421,000 
2,424,000 
2,431,000 
7,000 
2,421,000 
2,579,000 
2,590,402 
11,402 
NET CHANGE IN FUND BALANCE 
(1,421,279) 
(1,397,227) 
917,221 
2,314,448 
FUND BALANCE, beginning of year 
3,856,566 
3,856,566 
3,856,566 
FUND BALANCE, end of year 
$ 2,435,287 
$ 2,459,339 
S 4,773,787 
$ 2,314,448 
The Notes to Financial Statements are an integral part of this statement. 
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