athens tn acfr fy2024

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CITY OF ATHENS, TENNESSEE
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2024
A - 50
NOTE 8 – DETAIL OF NET POSITION AND FUND BALANCES (Continued)
Restricted:
General Fund-Law Enforcement $ 93,701
General Purpose School Fund-Career Ladder 1,212
General Purpose School Fund-Stabilization Reserve 314,339
General Obligation Bond Fund 1,447,234
Cemetery Perpetual Care Fund-Expendable 305,275
Debt Service Fund-City Projects 9,226
Federal Projects Fund 8,497
Debt Service Fund-Schools 2,812,032
Hotel/Motel Tax Fund-Tourism 683,722
Centralized Cafeteria Fund 945,070
Internal School Funds-Student Activities 174,293
Drug Fund 168,686
Total Restricted Fund Balances 7,033,287
Committed:
General Fund-Police Benefit 26,168
Capital Improvement Fund-Capital Improvements 15,148,372
School Construction Fund – Capital Improvements 1,499,471
Total Committed Fund Balances 16,674,011
Assigned:
General Purpose School Fund:
Education 7,948,219
Encumbrances 785,101
Total Assigned Fund Balances 8,733,320
Unassigned
General Fund 18,854,640
Total Unassigned Fund Balances 18,854,640
Total Fund Balances $51,540,068
Utilities Board:
Net position of the Utilities Board consists of the following:
Net Investment in Capital Assets $ 102,671,849
Unrestricted 27,444,470
$ 130,116,319