athens tn acfr fy2021

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CITY OF ATHENS, TENNESSEE 
BALANCE SHEET 
GOVERNMENTAL FUNDS 
June 30, 2021 
ASSETS 
General 
General 
Purpose 
School 
Capital Projects Funds 
Nonmajor 
Governmental 
Funds 
Total 
Governmental 
Funds 
Capital 
Improvement 
School 
Construction 
Education 
Capital 
Projects 
Cash and cash equivalents 
$ 4,712,308 
$ 5,948,132 
$ 
162,051 
$ 584,968 
$ 
24,247 
$ 925,383 
$12,357,089 
Restricted cash 
263,815 
263,815 
Investments 
11,981,638 
6,421,875 
- 
2,422,100 
20,825,613 
Receivables: 
Property taxes, net 
7,275,794 
1,242,014 
- 
8,517,808 
Other governments 
1,774,739 
1,006,711 
25,184 
- 
753,704 
3,560,338 
Interfund 
3,421 
1,082,029 
1,085,450 
Other 
74,925 
1,800,000 
40 
1,874,965 
Inventories 
102,934 
- 
25,575 
128,509 
Restricted stabilization reserve 
160,162 
160,162 
Total assets 
$ 25,925,759 
$ 9,439,048 
$ 6,609,110 
$ 2,648,783 
$ 
24,247 
$ 4,126,802 
$48,773,749 
LIABILITIES, DEFERRED INFLOWS, AND FUND BALANCES 
LIABILITIES 
Accounts payable 
$ 
257,270 
$ 458,938 
$ 122,430 
$ 1,807,943 
$ 
- 
$ 
$ 2,646,581 
Retainage payable 
263,815 
- 
263,815 
Interfund payable 
430,000 
3,421 
- 
- 
652,029 
1,085,450 
Accrued payroll and 
withholdings 
181,540 
1,189,762 
169,205 
1,540,507 
Due to component unit 
52,072 
52,072 
Unearned revenues 
491,970 
491,970 
Total liabilities 
1,412,852 
1,652,121 
122,430 
2,071,758 
821,234 
6,080,395 
DEFERRED INFLOWS OF RESOURCES 
Deferred inflows related 
to property taxes 
6,760,000 
1,242,014 
8,002,014 
8,172,852 
2,894,135 
122,430 
2,071,758 
821,234 
14,082,409 
FUND BALANCES 
Nonspendable 
102,934 
117,706 
220,640 
Restricted 
120,313 
164,212 
263,815 
2,513,943 
3,062,283 
Committed 
22,463 
6,486,680 
313,210 
24,247 
15,590 
6,862,190 
Assigned 
6,380,701 
- 
658,329 
7,039,030 
Unassigned 
17,507,197 
17,507,197 
Total fund balances 
17,752,907 
6,544,913 
6,486,680 
577,025 
24,247 
3,305,568 
34,691,340 
Total liabilities, deferred 
inflows, and fund 
balances 
$ 25,925,759 
$ 9,439,048 
$ 6,609,110 
$ 2,648,783 
$ 
24,247 
$ 4,126,802 
$ 48,773,749 
The Notes to Financial Statements are an integral part of this statement. 
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