athens tn acfr fy2020

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CITY OF ATHENS, TENNESSEE
NOTES TO FINANCIAL STATEMENTS
June 30, 2020

Note 7. Detail of Net Position and Fund Balances (continued)

Fund Balances:

Fund balances reported on the fund financial statements include the following:

Nonspendable
General Fund-Inventory $ 101,668
Centralized Cafeteria Fund-Inventory 43,855
Cemetery Perpetual Care Fund-Nonexpendable 87,239
Total nonspendable fund balances 232,762
Restricted
General Fund-Law Enforcement 120,785
General Purpose School Fund-Pensions 84,397
Cemetery Perpetual Care Fund-Expendable 251,278
Debt Service 1,003,009
Drug Fund 115,926
Total restricted fund balances 1,575,395
Committed
General Fund-Police benefit 21,383
Capital Improvement Fund-Capital improvements 6,921,446
Education Capital Projects Fund-Education capital projects 24,247
Drug Fund 15,590
Total committed fund balances 6,982,666
Assigned
General Purpose School Fund-Education 4,689,390
Centralized Cafeteria Fund 334,231
Total assigned fund balances 5,023,621
Unassigned
General Fund 13,640,768
Total fund balances $ 27,455,212

Utilities Board

Net position of the Utilities Board consist of the following:

Net investment in capital assets $ 93,142,353
Unrestricted 24,075,393
$ 117,217,746

-AT-