athens tn acfr fy2024

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CITY OF ATHENS, TENNESSEE
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2024
Capital Projects Fund
The Capital Projects Fund is designated for the construction or acquisition of major assets.
General Obligation Bond Fund: This fund is used to account for the proceeds from the issuance of 
bonds in 2021 for city capital projects.
Debt Service Funds
The Debt Service Funds are used for the accumulation of resources for, and payment of, principal and 
interest on general long-term debt for School and City projects.
Special Revenue Funds
Special revenue funds are used to account for the proceeds of specific revenues that are legally restricted 
to finance specific functions or activities of government and which, therefore, cannot be diverted to other 
uses.
Hotel/Motel Tax Fund: This fund accounts for the revenues and expenditures of the City’s hotel/motel 
tax and required to be used for tourism and tourism development. 
Drug Fund: This fund was established expressly to account for financial activities related to drug 
revenues and expenditures. This includes revenues for drug fines and forfeitures for drug enforcement, 
education and treatment. 
Centralized Cafeteria Fund: This fund is used to account for the revenues and expenditures of the 
Athens City Schools cafeterias. 
Internal School Fund: This fund is used to account for funds held at individual schools for internal 
school use such as the purchase of supplies, school clubs, and student activities. 
Permanent Fund
The Permanent Fund is used to report resources that are legally restricted to the extent that only earnings, 
not principal, may be used for purposes that support the reporting government’s programs.
Cemetery Perpetual Care Fund: This fund was established to provide for the future maintenance of city 
cemeteries. The interest income of the trust can be used for cemetery maintenance with no principal 
encroachment permitted.