athens tn acfr fy2022

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CITY OF ATHENS, TENNESSEE
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - GENERAL FUND

Year Ended June 30, 2022
(continued)
Variance
Budget With Final
Original Final Actual Budget
OTHER FINANCING SOURCES (USES)
Transfer to general purpose school fund $ (2,421,000) $(2,421,000) $(2,421,000) $ -
Transfer to capital improvement fund (940,000) (3,560,000) (3,560,000) ~
Transfer to debt service fund - schools (1,000,000) (1,000,000) (1,000,000) -
Transfer to debt service fund - city projects (400,000) (400,000) (400,000) -
Proceeds from sale of property - - 3,750 3,750
Insurance proceeds - . 375 375
Total other financing sources (uses) (4,761,000) (7,381,000) (7,376,875) 4,125
Net change in fund balance - (2,500,000) 911,110 3,411,110
FUND BALANCE, beginning of year 17,752,907 _ 17,752,907 _ 17,752,907 -
FUND BALANCE, end of year $17,752,907 $15,252,907 $18,664,017 $3,411,110

The Notes to Financial Statements are an integral part of this statement.

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