athens tn acfr fy2018 text edition

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City of Athens, Tennessee 
Management's Discussion and Analysis 
June 30, 2018 
As management of the City of Athens, we offer readers of the City's financial statements this narrative 
overview and analysis of the financial activities of the City of Athens for the fiscal year ended June 30, 
2018. We encourage readers to consider the information presented here in conjunction with additional 
information that we have furnished in our letter of transmittal, which can be found in pages A-1 to A-4 of 
this report. 
Financial Highlights 
• The assets and deferred outflows of the City of Athens exceeded its liabilities and deferred inflows 
at June 30, 2018 by $49,796,239 (net position). Of this amount, $28,318,291 (unrestricted net 
position) may be used to meet the City's ongoing obligations to citizens and creditors. 
• Net position increased by $5,179,747, an increase of 11.61% compared to fiscal year 2017 total net 
position. The City of Athens' changes in net position is detailed in the chart on page B-5 of this 
report. Total revenues decreased $1,262,720, primarily due to a decrease in passthrough grants. 
Expenses decreased $3,072,917 primarily due to passthrough grants and paving for streets. 
• The City's property tax rate remained at $1.3628 per hundred dollars of assessment. 
• The City's residential sanitation fee remained at $9.50 per month. 
• As of the close of the current fiscal year, the City of Athens' governmental funds reported combined 
ending fund balances of $24,701,584. 
• At the end of the current fiscal year, unassigned fund balance for the General Fund was $11,713,042 
or 110.22% of total General Fund expenditures. Expenditures do not include transfers to other 
funds, which totaled $2,791,000 in the. City's General Fund. The percentage drops to 87.29% if 
transfers are included with the total expenditures. This demonstrates the City's fiscal discipline and 
places the City in a strong financial position to meet unexpected emergencies, uncertainties at the 
State level or slowdowns in the economy. 
Overview of the Financial Statements 
This discussion and analysis are intended to serve as an introduction of the City of Athens' basic financial 
statements. The City of Athens' basic financial statements comprise three components: 1) government-
wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report 
also contains other supplementary information in addition to the basic financial statements themselves. 
Government-wide financial statements. The government-wide financial statements are designed to 
provide readers with a broad overview of the City of Athens' finances, in a manner similar to a private-
sector business. 
The statement of net position presents information on all of the City of Athens' assets and liabilities, with 
the difference between the two reported as net position. Over time, increases or decreases in net position 
may serve as a useful indicator of whether the financial position of the City of Athens is improving or 
deteriorating. 
B-1