athens tn acfr fy2018 text edition

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City of Athens, Tennessee 
Management's Discussion and Analysis 
June 30, 2018 
$889,130 in highways and streets due to traffic signals and loop repairs, sidewalk, 
paving and fixed asset purchases not completed in the current year. 
$221,659 in parks and recreation primarily due to maintenance items not completed 
in the current year and program costs. 
$14,273 in health due to various items in animal controL 
Capital Asset and Debt Administration 
Capital assets. The City of Athens' investment in capital assets for its governmental and business-type 
fund activities as of June 30, 2018, was $20,559,391 (net of accumulated depreciation). This investment in 
capital assets includes land, buildings, other improvements, equipment, and infrastructure. 
Major capital asset events during the current fiscal year consisted primarily of the purchase of machinery 
and equipment for the various city departments. 
City of Athens 
Capital Assets 
Governmental Activities 
Business-type Activities 
Total 
2018 
2017 
2018 
2017 
2018 
2017 
Buildings and improvements 
$21,566,442 
$21,353,076 
$1,517,930 
$1,517,930 
$23,084,372 
$22,871,006 
Infrastructure 
9,665,030 
9,416,889 
9,665,030 
9,416,889 
Furniture and office equipment 
3,967,720 
3,923,111 
29,864 
29,864 
3,997,584. 
 
3,952,975 
Machinery and equipment 
7,633,410 
7,453,744 
1,696,132 
1,666,264 
9,329,542 
9,120,008 
Land 
3,221,556 
3,221,556 
34,500 
34,500 
3,256,056 
3,256,056 
Construction in progress 
696,537 
321,694 
696,537 
321,694 
$46,750,695 
$45,690,070 
$3,278,426 
$3,248,558 
$50,029,121 
$48,938,628 
Additional information on the City of Athens' capital assets can be found in Note 2 on pages 37-40 of this 
report. 
Long-term debt. At the end of the current fiscal year, the City of Athens had no bonded debt outstanding. 
The Athens Utilities Board has debt outstanding totaling $25,737,738 to be repaid by user fees and Board 
funds. In the event of default, the City is required to establish ad valorem taxes to repay the outstanding 
debt. Detailed information on long-term debt activity can be found in Note 3 on pages 41-42 of this report. 
State statutes do not limit the amount of general obligation bonded debt a governmental entity may issue. 
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