athens tn acfr fy2022

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City of Athens, Tennessee

Management’s Discussion and Analysis
June 30, 2022

Key elements of this increase in net position are as follows:

Governmental Activities Business-type Activities Total
2022 2021 2022 2021 2022 2021
Revenues:
Program revenues:
Charges for services $989,562 $816,372 $1,022,785 $1,011,777 $2,012,347 $1,828,149
Operating grants and
contributions 8,676,827 6,722,509 . - 8,676,827 6,722,509
Capital grants and contributions 3,029,088 123,701 - - 3,029,088 123,701
General revenues:
Property taxes 8,296,297 8,381,814 - - 8,296,297 8,381,814
Other taxes 11,043,650 10,250,057 - - 11,043,650 40,250,057
Intergovernmental revenues not
restricted to specific programs 13,593,663 12,788,094 - - 13,593,663 12,788,094
Other 468,436 753,174 306,004 15,428 774,440 768,602
Total revenues 46,097,523 39,835,721 1,328,789 1,027,205 47,426,312 40,862,926
Expenses:
General government 5,098,311 3,216,820 - - 5,098,311 3,216,820
Public safety 5,096,312 5,090,333 - - 5,096,312 5,090,333
Highways and streets 2,943,414 2,833,795 - - 2,943,414 2,833,795
Culture and recreation 1,416,819 956,232 - - 1,416,819 956,232
Education 18,100,091 18,807,931 - - 18,100,091 18,807,931
Health and welfare 148,282 116,181 - - 148,282 116,181
Interest on long-term debt 451,107 7,178 - - - 7,178
Conference center - - 82,546 74,705 82,546 74,705
Sanitation - - 887,434 821,271 887,434 821.271
Total expenses 33,254,336 31,028,470 969,980 895,976 34,224,316 31,924,446
Change in net position 12,843,187 8,807,251 358,809 131,229 13,201,996 8,938,480
Net position, beginning of year
(restated) 62,286,295 53,479,044 3,767,947 3,636,718 66,054,242 57,115,762
Net position, end of year $75,129,482 $62,286,295 $4,126,756 $3,767,947 $79,256,238 $66,054,242

Financial Analysis of the City’s Funds

As noted earlier, the City of Athens’ uses fund accounting to ensure and demonstrate compliance with
finance-related legal requirements.

Governmental funds. The focus of the City of Athens’ governmental funds is to provide information on
near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing

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