athens tn acfr fy2023

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CITY OF ATHENS, TENNESSEE
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL - GENERAL FUND

Year Ended June 30, 2023
(continued)
Variance
Budget With Final
Original Final Actual Budget
OTHER FINANCING SOURCES (USES)
Transfer to general purpose school fund $ (2,421,000) $(2,421,000) $(2,421,000) $ .
Transfer to capital improvement fund (1,125,000) (4,025,000) (4,025,000) .
Transfer to debt service fund - schools (1,000,000) (1,000,000) (1,000,000) -
Transfer to debt service fund - city projects (400,000) (400,000) (400,000) :
Proceeds from sale of property - - 4,638 4,638
Unrealized loss on investments - - (53,716) (53,716)
Total other financing sources (uses) (4,946,000) (7,846,000) (7,895,078) (49,078)
Net change in fund balance - (2,900,000) 807,094 3,707,094
FUND BALANCE, beginning of year 18,664,017 _ 18,664,017 18,664,017 :
FUND BALANCE, end of year $18,664,017 $15,764,017 $19,471,111 $3,707,094

The Notes to Financial Statements are an integral part of this statement.

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