athens tn acfr fy2023

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City of Athens, Tennessee

Management’s Discussion and Analysis
June 30, 2023

Key elements of this increase in net position are as follows:

Revenues:
Program revenues:
Charges for services
Operating grants and
contributions
Capital grants and
contributions
General revenues:
Property taxes
Other taxes
Intergovernmental revenues not
restricted to specific programs
Other
Total revenues

Expenses:
General government
Public safety
Highways and streets
Culture and recreation
Education
Health and welfare
Interest on long-term debt
Conference center
Sanitation

Total expenses

Change in net position

Net position, beginning of year

Net position, end of year

Governmental Activities

2023

0

$ 1,106,081
8,610,122
2,594,738

7,629,706
11,994,270

14,178,869
1,381,282

2022

$ 989,562
8,676,827
3,029,088

8,296,297
11,043,650

13,593,663
468,436

—

47,495,068

3,984,132
6,232,860
5,045,203
1,412,701

21,023,660

182,697
1,390,171

46,097,523

5,098,311
5,096,312
2,943,414
1,416,819
18,100,091
148,282
451,107

39,271,424

33,254,336

8,223,644
75,129,482

12,843,187
62,286,295

$ 83,353,126

$ 75,129,482

Financial Analysis of the City’s Funds

Business-type Activities
2023 2022

$1,031,091 $1,022,785
105,694 306,004
1,136,785 1.328.789
86,066 82,546
977,381 887,434
1,063,447 969,980
73,338 358,809
4,126,756 3,767,947

$4,200,094 $4,126,756

Total

2023

2022

$ 2,137,172 $ 2,012,347

8,610,122
2,594,738

7,629,706
11,994,270

14,178,869
1,486,976
48,63 1,853

3,984,132
6,232,860
5,045,203
1,412,701
21,023,660
182,697

86,066
977,381
40,334,871
8,296,982
79,256,238

8,676,827
3,029,088

8,296,297
11,043,650

13,593,663
774,440
47,426,312

5,098,311
5,096,312
2,943,414
1,416,819
18,100,091
148,282
451,107
82,546
887,434
34,224,316
13,201,996
66,054,242

$ 87,553,220 $79,256,238

As noted earlier, the City of Athens’ uses fund accounting to ensure and demonstrate compliance with
finance-related legal requirements.

Governmental funds. The focus of the City of Athens’ governmental funds is to provide information on
near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing
the City of Athens’ financing requirements. The unassigned fund balance may serve as a useful measure of
a government’s net resources available at the end of the fiscal year for future unforeseen emergencies.

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