athens tn acfr fy2024

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CITY OF ATHENS, TENNESSEE
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2024
13
Final actual revenues exceeded amended budgeted revenues by $1,174,571 and significant variances are
summarized below:
 $177,130 more in property taxes.
 $388,542 more in other local taxes primarily because of local sales tax, business tax, and in lieu
of taxes.
 $215,283 more in intergovernmental revenues due to state sales tax, state excise taxes, and state
grants.
 $172,619 more in charges for services due to building permits and recreation fees.
 $3,447 more in fines and forfeitures.
 $213,317 more in interest.
 $4,233 more in miscellaneous revenues.
Final amended budgeted expenditures, including transfers, exceeded actual expenditures by $1,509,915
and are summarized below:
 $121,135 in general government expenditures, related primarily to less contracted services, less
computer equipment purchased, and one vacant position for a portion of the year.
 $200,820 in public safety expenditures, primarily due to vacancies in police and fire and related
employee benefits.
 $1,009,659 in highways and streets due to traffic signals not installed prior to year end, sidewalk
repairs not completed before year end, and a portion of the annual paving not being completed
before year end.
 $150,789 in parks and recreation primarily due to several maintenance projects not completed
prior to year end and lower than expected mowing contract costs.
 $27,512 due to a vacancy and multiple line items being under budget in animal control.
Capital Asset and Debt Administration
Capital assets. The City’s investment in capital assets for its governmental and business-type fund 
activities as of June 30, 2024, was $77,398,082 (net of accumulated depreciation). This investment in 
capital assets includes land, buildings, other improvements, equipment, and infrastructure.
Major capital asset events during the current fiscal year consisted primarily of the purchase of machinery 
and equipment for the various city departments and school construction.