athens tn acfr fy2023

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City of Athens, Tennessee

Management’s Discussion and Analysis
June 30, 2023

General Fund Budgetary Highlights

Differences in the original budget and the final amended budget for revenues were $500,000 and consisted
of increases in local sales tax and recreation fees. Differences between the original budget and the final
amended budgeted expenditures, including transfers, were $3,400,000 and are summarized below:

$47,000 for fuel, salaries and equipment maintenance in public works.
$74,000 for program costs and liability insurance in parks and recreation.
$122,000 for salaries in fire and additional fire equipment.

$257,000 for miscellaneous line items in general government departments. These consisted
primarily of liability insurance, legal fees and street lighting.

$2,900,000 net increase in transfers due to transfers to the Capital Improvement Fund, which was
related to excess fund balance,

Final actual revenues exceeded amended budgeted revenues by $1,730,000 and significant variances are
summarized below:

$66,750 more in property taxes.

$772,982 more in other local taxes primarily because of local sales tax, business tax
and in lieu of taxes.

$259,271 more in intergovernmental revenues due to state sales tax, state mixed
drink taxes and state excise taxes.

$197,717 more in charges for services due to building permits and recreation fees.
$7,377 less in fines and forfeitures.
$390,502 more in interest.

$53,155 more in miscellaneous revenues.

Final amended budgeted expenditures, including transfers, exceeded actual expenditures by $1,977,094 and
are summarized below:

$294,479 in general government expenditures, related primarily to less economic
development expenditures, less contracted services, less computer equipment
purchased and several vacant positions for portions of the year.