athens tn acfr fy2024

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Variance
with Final
Original Final Actual Budget
REVENUES
Property taxes:
Property taxes-current 6,300,000$   6,300,000$   6,503,055$   203,055$      
Property taxes-prior 100,000        100,000        60,257 (39,743)         
Property taxes-delinquent 80,000          80,000          73,349 (6,651)           
Public utilities taxes 80,000          80,000          100,469        20,469          
6,560,000     6,560,000     6,737,130     177,130        
Other local taxes:
Penalty and interest on property
 tax-prior 20,000          20,000          14,442 (5,558)           
Penalty and interest on property
 tax-delinquent 25,000          25,000          26,612 1,612            
In lieu of taxes 1,085,000 1,085,000 1,197,043 112,043        
TVA impact 45,000          45,000          48,622 3,622            
Local sales tax 8,400,000     8,800,000     8,968,363 168,363        
Wholesale beer tax 530,000        530,000        531,343 1,343            
Wholesale liquor tax 280,000        280,000        309,955 29,955          
Business license fee 1,000 1,000 1,820 820
Business tax-state clerk fee 40,000          40,000          59,784 19,784          
Business tax-state colleced 500,000        500,000        582,290 82,290          
Cable TV franchise tax 168,000        168,000        142,268        (25,732)         
11,094,000   11,494,000   11,882,542   388,542        
Intergovernmental:
State sales tax 1,600,000     1,600,000     1,747,252 147,252        
State beer tax 6,000            6,000            6,191 191
State income tax - - 623 623
State gas and motor fuel tax 480,000        480,000        490,117 10,117          
State gasoline inspection tax 26,000          26,000          25,789 (211)              
State transportation and modernization - - 1,663 1,663            
State mixed drink tax 80,000          80,000          92,598 12,598          
State excise tax 40,000          40,000          89,463 49,463          
State sportsbetting tax 15,000          15,000          26,147 11,147          
Reimbursements-other government
 agencies 143,000 143,000 102,951        (40,049)         
Grants - 470,000 492,489        22,489          
2,390,000     2,860,000     3,075,283     215,283        
(Continued)
Budget Amounts
YEAR ENDED JUNE 30, 2024
CITY OF ATHENS, TENNESSEE
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES 
IN FUND BALANCES - BUDGET AND ACTUAL
GENERAL FUND 
The notes to basic financial statements are an integral part of this statement.
A - 8