athens tn acfr fy2021

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City of Athens, Tennessee 
Management's Discussion and Analysis 
June 30, 2021 
$631,711 in highways and streets due to vacancies and related employee benefits, 
traffic signals not installed prior to year end, traffic signal loop repairs, annual 
paving not getting done before year end and lower fuel costs. 
$161,749 in parks and recreation primarily due to less seasonal employees, fewer 
programs being offered due to Covid and playground equipment not able to be 
replaced prior to year end. 
$12,996 due to multiple line items being under budget in animal control. 
Capital Asset and Debt Administration 
Capital assets. The City of Athens' investment in capital assets for its governmental and business-type 
fund activities as of June 30, 2021, was $28,366,508 (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. 
City of Athens 
Capital Assets 
Governmental Activities 
Business-type Activities 
Total 
2021 
2020 
2021 
2020 
2021 
2020 
Buildings and improvements 
$ 
22,321,354 $ 
22,104,697 
$ 
1,517,930 $ 
1,517,930 
$ 
23,839,284 $ 
23,622,627 
Infrastructure 
10,258,178 
10,164,759 
- 
10,258,178 
10,164,759 
Furniture and office equipment 
5,766,360 
4,577,973 
29,864 
29,864 
5,796,224 
4,607,837 
Machinery and equipment 
8,387,171 
9,219,709 
1,748,771 
1,705,006 
10,135,942 
10,924,715 
Land 
3,221,556 
3,221,556 
34,500 
34,500 
3,256,056 
3,256,056 
Construction in progress 
7,627,837 
1,497,790 
- 
7,627,837 
1,497,790 
$ 
57,582,456 $ 
50,786,484 
$ 
3,331,065 $ 
3,287,300 
$ 
60,913,521 $ 
54,073.784 
Additional information on the City of Athens' capital assets can be found in Note 2 on pages 36-39 of this 
report. 
Long-term debt. At the end of the current fiscal year, the City of Athens had a bond anticipation note 
outstanding with a balance of $5,903,325. It is backed by the full faith and credit of the City. This short 
term financing will be converted to long term general obligation debt through the USDA in an amount not 
to exceed $40,000,000 once the project is completed. These monies are being used to construct a new Pre-
K to 5th grade school building, resulting in four schools being combined into one. The Athens Utilities 
Board has debt outstanding totaling $20,886,261 to be repaid by user fees and Board funds. In the event of 
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