athens tn acfr fy2022

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City of Athens, Tennessee

Management’s Discussion and Analysis
June 30, 2022

General Fund Budgetary Highlights

Differences in the original budget and the final amended budget for revenues were $420,000 and consisted
of increases in local sales tax and recreation fees. Differences between the original budget and the final

amended budgeted expenditures, including transfers, were $2,920,000 and are summarized below:

$50,000 for equipment repairs in public works.

$105,500 for program and concession costs and equipment replacement in parks and recreation.

$79,500 for salaries in police and fire and additional fire equipment.
$65,000 for miscellaneous line items in general government departments.

$2,620,000 net increase in transfers due to transfers to the Capital Improvement Fund. $2,500,00
was related to excess fund balance and a $120,000 increase in the debt service transfer.

Final actual revenues exceeded amended budgeted revenues by $1,573,018 and significant variances are
summarized below:

$116,876 more in property taxes.

$665,788 more in other local taxes primarily because of local sales tax, business
tax, in lieu of taxes, wholesale beer taxes and wholesale liquor taxes.

$537,183 more in intergovernmental revenues due to state sales tax, state gas taxes
and state grants for police.

$106,496 more in charges for services due to building permits and recreation fees.
$100,598 more in fines and forfeitures.

$2,900 less in interest.
$48,977 more in miscellaneous revenues.

Final amended budgeted expenditures, including transfers, exceeded actual expenditures by $1,833,967 and
are summarized below:

$285,226 in general government expenditures, related primarily to less economic
development expenditures, less contracted services, less computer equipment

purchased and less travel and registration fees.

$433,259 in public safety expenditures, primarily due to vacancies in police and
related employee benefits and fewer repairs on vehicles.

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