athens tn acfr fy2024

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CITY OF ATHENS, TENNESSEE
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2024
10
Key elements of this increase in net position are as follows:
Governmental Activities Business-type Activities Total
2024 2023 2024 2023 2024 2023 
Revenues:
Program revenues:
Charges for services $1,056,281 $1,106,081 $1,054,704 $1,031,091 $2,110,985 $2,137,172 
Operating grants and 
contributions 6,846,259 8,610,122 - - 6,846,259 8,610,122 
Capital grants and
contributions 1,086,439 2,594,738 - - 1,086,439 2,594,738 
General revenues:
Property taxes 8,152,008 7,629,706 - - 8,152,008 7,629,706 
Other taxes 19,359,199 11,994,270 - - 19,359,199 11,994,270 
Intergovernmental 
revenues not restricted to 
specific programs 14,608,508 14,178,869 - - 14,608,508 14,178,869 
Other 2,992,419 1,381,282 76,239 105,694 3,068,658 1,486,976 
Total revenues 54,101,113 47,495,068 1,130,943 1,136,785 55,232,056 48,631,853 
Expenses:
General government 7,760,725 3,984,132 - - 7,760,725 3,984,132 
Public safety 6,861,880 6,232,860 - - 6,861,880 6,232,860 
Highways and streets 3,031,090 5,045,203 - - 3,031,090 5,045,203 
Culture and recreation 1,452,111 1,412,701 - - 1,452,111 1,412,701 
Education 26,786,740 21,023,660 - - 26,786,740 21,023,660 
Health and welfare 219,688 182,697 - - 219,688 182,697 
Interest on long-term 
debt 1,799,739 1,390,171 - - - 1,390,171 
Conference center - - 84,847 86,066 84,847 86,066 
Sanitation - - 1,168,641 977,381 1,168,641 977,381 
Total expenses 47,911,973 39,271,424 1,253,488 1,063,447 49,165,461 40,334,871 
Change in net position 6,189,140 8,223,644 (122,545) 73,338 6,066,595 8,296,982 
Net position, previously 
reported 83,353,126 75,129,482 4,200,094 4,126,756 87,553,220 79,256,238 
Error correction - - 44,666 - 44,666 -
Net position, beginning of 
year 83,353,126 75,129,482 4,244,760 4,126,756 87,597,886 79,256,238 
Net position, end of year $89,542,266 $83,353,126 $4,122,215 $4,200,094 $93,664,481 $87,553,220 
Financial Analysis of the City’s Funds 
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-
related legal requirements.