athens tn acfr fy2021

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City of Athens, Tennessee 
Management's Discussion and Analysis 
June 30, 2021 
City of Athens 
Net Position 
Governmental Activities 
Business-type Activities 
Total 
2021 
2020 
2021 
2020 
2021 
2020 
Current and other assets 
$ 
55,684,691 $ 
46,538,285 
$ 
3,061,111 $ 
2,972,240 
$ 
58,745,802 $ 
49,510,525 
Capital assets 
27,562,090 
21,099,293 
804,418 
722,042 
28,366,508 
21,821,335 
Total assets 
83,246,781 
67,637,578 
3,865,529 
3,694,282 
87,112,310 
71,331,860 
Deferred outflows of resources: 
2,151,557 
2,656,782 
248 
30,508 
2,151,805 
2,687,290 
Long-term liabilities 
8,088,954 
3,382,826 
- 
58,703 
8,088,954 
3,441,529 
Other liabilities 
4,531,841 
2,779,097 
51,238 
28,458 
4,583,079 
2,807,555 
Total liabilities 
12,620,795 
6,161,923 
51,238 
87,161 
12,672,033 
6,249,084 
Deferred inflows of resources: 
10,491,248 
10,802,836 
46,592 
911 
10,537,840 
10,803,747 
Net investment in capital assets 
21,656,926 
21,099,293 
804,418 
722,042 
22,461,344 
21,821,335 
Restricted 
5,663,685 
3,842,600 
34,375 
- 
5,698,060 
3,842,600 
Unrestricted 
34,965,684 
28,387,708 
2,929,154 
2,914,676 
37,894,838 
31,302,384 
Total net position 
$ 
62,286,295 $ 
53,329,601 
$ 
3,767,947 $ 
3,636,718 
$ 
66,054,242 $ 
56,966,319 
Governmental activities. Governmental activities increased the City of Athens' net position by 
$8,807,251 which accounts for the majority of the increase in the net position for the City of Athens. The 
State provided additional operating grants in order to mitigate dangers of spreading Covid-19. Sales tax 
increased due to an increase in the rate by .75% effective November 1, 2019. This amounted to the increase 
being for eight months in the prior year compared to an entire year in 2021. Expenses for highways and 
streets were down for 2021 since approximately $1,900,000 in paving was done in the prior year. 
Business-type activities. Business-type activities increased the City of Athens' net position by $131,229. 
This increase was due primarily to the operations in the Sanitation Fund. Depreciation decreased due to a 
replacement for a front loading truck not being purchased in the current year as it was delayed due to Covid-
19. There was also a vacancy in Sanitation for a period of months that reduced salaries and related benefits. 
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