athens tn acfr fy2020

Machine-read OCR text; verify every number, name, and layout against the original page.

CITY OF ATHENS, TENNESSEE
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL - GENERAL FUND

Year Ended June 30, 2020
(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) $(2,431,000) $ (10,000)
Transfer to capital improvement fund - (750,000) (750,000) -
Proceeds from sale of property - - 15,752 15,752
Insurance proceeds - - 7,985 7,985
Total other financing sources (uses) _ (2,421,000) (3,171,000) (3,157,263) 13,737
Net change in fund balance - (1,961,900) (275,420) 1,686,480
FUND BALANCE, beginning of year 14,160,024 14,160,024 14,160,024 :
FUND BALANCE, end of year $14,160,024 $12,198,124 $13,884,604 $ 1,686,480

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

-13-