athens tn acfr fy2019 text edition

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CITY OF ATHENS, TENNESSEE 
BALANCE SHEET 
GOVERNMENTAL FUNDS 
June 30, 2019 
General 
General 
Purpose 
School 
Capital 
Projects Fund 
Nonmajor 
Governmental 
Funds 
Total 
Governmental 
Funds 
Capital 
Improvement 
ASSETS 
Cash and cash equivalents 
$ 1,809,869 
$ 3,974,681 
$ 136,052 
$1,332,930 
$ 7,253,532 
Investments 
11,739,847 
5,208,547 
431,553 
17,379,947 
Receivables: 
Property taxes, net 
6,992,114 
1,767,992 
- 
8,760,106 
Other governments 
1,317,516 
637,769 
45,934 
386,391 
2,387,610 
Interfund 
5,948 
615,409 
621,357 
Other 
64,742 
64,742 
Inventories 
101,813 
26,966 
128,779 
Restricted stabilization reserve 
38,925 
38,925 
Total assets 
$ 22,031,849 
$ 7,034,776 
$5,390,533 
$2,177,840 
$36,634,998 
LIABILITIES, DEFERRED INFLOWS, AND FUND BALANCES 
LIABILITIES 
Accounts payable 
$ 
368,143 
$ 449,612 
$ 
56,436 
$ 
- 
$ 
874,191 
Retainage payable 
8,162 
8,162 
Interfund payable 
360,000 
5,948 
255,409 
621,357 
Accrued payroll and 
withholdings 
117,900 
954,652 
187,513 
1,260,065 
Due to component unit 
52,708 
52,708 
Unearned revenues 
576,074 
74,971 
651,045 
Total liabilities 
1,474,825 
1,410,212 
139,569 
442,922 
3,467,528 
DEFERRED INFLOWS OF RESOURCES 
Deferred inflows related 
to property taxes 
6,397,000 
1,767,992 
8,164,992 
7,871,825 
3,178,204 
139,569 
442,922 
11,632,520 
FUND BALANCES 
Nonspendable 
101,813 
111,155 
212,968 
Restricted 
89,567 
38,925 
352,478 
480,970 
Committed 
20,782 
5,250,964 
1,039,837 
6,311,583 
Assigned 
- 
3,817,647 
231,448 
4,049,095 
Unassigned 
13,947,862 
13,947,862 
Total fund balances 
14,160,024 
3,856,572 
5,250,964 
1,734,918 
25,002,478 
Total liabilities, deferred 
inflows, and fund 
balances 
$ 22,031,849 
$ 7,034,776 
$5,390,533 
$2,177,840 
$36,634,998 
The Notes to Financial Statements are an integral part of this statement. 
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