athens tn acfr fy2020

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City of Athens, Tennessee

Management’s Discussion and Analysis
June 30, 2020

General Fund Budgetary Highlights

Differences in the original budget and the final amended budget for revenues were $535,000 and consisted
of increases in property taxes and interest revenues. Differences between the original budget and the final
amended budgeted expenditures, including transfers, were $2,496,900 and are summarized below:

$1,628,000 for paving, traffic signals and fixed assets for public works

$60,000 for architect services and pool equipment replacement in parks and recreation.
$25,900 for the land use plan in community development.

$33,000 for software maintenance contracts and contracted services

$750,000 transfer to the Capital Improvement Fund.

Final actual revenues exceeded amended budgeted revenues by $418,095 and significant variances are
summarized below:

$23,001 more in property taxes.

$190,015 more in other local taxes primarily because of in lieu of taxes, wholesale
beer taxes and wholesale liquor taxes.

$107,629 more in intergovernmental revenues due to state sales tax, state excise tax
and reimbursements from other governments.

$27,608 more in charges for services due to building permits.
$20,427 more in fines and forfeitures.

$4,857 less in interest.

$54,272 more in miscellaneous revenues.

Final amended budgeted expenditures, including transfers, exceeded actual expenditures by $1,254,648 and
are summarized below:

$226,480 in general government expenditures, related primarily to less economic
development expenditures, less contracted services, no demolition of condemned
properties and less travel and registration fees.

$442,316 in public safety expenditures, primarily due to vacancies in police and fire
and related employee benefits and lower fuel costs.

B-8