athens tn acfr fy2019 text edition

Unverified text extraction. Check the original page for numbers, names, and layout.

CITY OF ATHENS, TENNESSEE 
STATEMENT OF REVENUES, EXPENDITURES 
AND CHANGES IN FUND BALANCE 
BUDGET AND ACTUAL 
GENERAL PURPOSE SCHOOL FUND 
Year Ended June 30, 2019 
REVENUES 
Budget 
Actual 
Variance 
with Final 
Budget 
Original 
Final 
Property taxes 
$ 1,624,000 
$ 1,624,000 
$ 1,827,376 
$ 
203,376 
County revenue 
1,198,400 
1,198,400 
1,416,321 
217,921 
State funds 
8,924,230 
8,989,842 
9,086,525 
96,683 
Federal funds received through state 
250,000 
250,000 
248,660 
(1,340) 
Direct federal funds 
602 
602 
Tuition 
271,272 
271,272 
258,393 
(12,879) 
Interest 
32,000 
32,000 
27,323 
(4,677) 
Other 
29,000 
29,000 
24,676 
(4,324) 
Total revenues 
12,328,902 
12,394,514 
12,889,876 
495,362 
EXPENDITURES 
Current: 
Instruction 
Regular instruction 
8,489,104 
8,763,991 
8,741,647 
22,344 
Special education 
590,468 
580,468 
543,031 
37,437 
Early childhood education 
649,610 
649,610 
629,038 
20,572 
Other instruction 
11,500 
11,500 
5,458 
6,042 
9,740,682 
10,005,569 
9,919,174 
86,395 
Support services 
Instructional support 
1,218,287 
1,196,027 
1,167,971 
28,056 
Student support 
298,741 
298,741 
364,289 
(65,548) 
Administration 
1,513,957 
1,514,257 
1,493,422 
20,835 
Operation and maintenance of plant 
1,233,885 
1,233,885 
1,193,230 
40,655 
Transportation 
516,198 
557,859 
563,807 
(5,948) 
Other support services 
956,294 
934,623 
866,316 
68,307 
5,737,362 
5,735,392 
5,649,035 
86,357 
Non-instructional services 
Capital outlay 
562,000 
562,000 
588,747 
(26,747) 
Total expenditures 
16,040,044 
16,302,961 
16,156,956 
146,005 
REVENUES OVER (UNDER) EXPENDITURES 
(3,711,142) 
(3,908,447) 
(3,267,080) 
641,367 
0 [HER FINANCING SOURCES (USES) 
Proceeds from sale of capital assets 
200 
200 
Transfer from general fund 
2,435,000 
2,435,000 
2,435,000 
2,435,000 
2,435,000 
2,435,200 
200 
NET CHANGE IN FUND BALANCE 
(1,276,142) 
(1,473,447) 
(831,880) 
641,567 
FUND BALANCE, beginning of year 
4,688,452 
4,688,452 
4,688,452 
FUND BALANCE, end of year 
$ 3,412,310 
$ 3,215,005 
$ 3,856,572 
$ 
641,567 
The Notes to Financial Statements are an integral part of this statement. 
- 14 -