2024 12 17 Packet website

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

CITY OF ATHENS, TENNESSEE 
Narrative on Financial Analysis 
November, 2024 
This narrative will discuss various aspects of the financial data presented to the city council for 
the above-referenced month. July, and 2 or 3 subsequent months will be above the normal 
percentages, primarily on the expenditure side because of several factors, as discussed below. 
General Fund 
Overall, we collected about $502,000 more in November this year, primarily because of 
property taxes, AUB in lieu of taxes and the local sales tax. As a percentage we collected .65% 
more than the budgeted revenues for last year. 
PLEASE NOTE: On the financial spreadsheet that accompanies this report, at the top you will 
see General Fund revenues. I have only broken out major sources of revenue such as property 
taxes and sales taxes. The "total revenues" amount includes smaller items that I did not show 
in detail. A complete listing of all revenue accounts can be found on your computer-generated 
report titled "Statement of Actual and Estimated Revenues". 
Expenditures are always going to show high in the early budget months, primarily due to the 
retirement contribution being paid in July and the fleet management transfer. 
Another factor that makes the percentage spent look high is the fact that we set up annual 
purchase orders for known or recurring monthly expenses. For example, in the City Council 
division we pay for the monthly taping of council meetings. To avoid having to prepare a 
purchase order every month, we prepare one for the entire year and pay off of it monthly. This 
total PO is included in the "expended & encumbered" percentage. 
Expenditures and encumbrances for this year are $1,279,000 less than this time last year, 
showing 50.15% this year. The variance is due primarily to the $2,000,000 for paving that was 
encumbered in July of last year and increases in costs due to the implementation of the 
class/comp study beginning in October last year and the COLA and longevity for the current 
year. 
Sanitation 
Revenues are comparable to the prior year. Expenditures are higher due to the 
implementation of the class/comp study in October last year, longevity paid in November this 
year, the COLA for the current year, the related employee benefits and approximately $44,000 
in the current year being spent on dumpsters and household totes. 
Please let me know if I can provide additional information . 
124