athens tn acfr fy2021

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CITY OF ATHENS, TENNESSEE 
STATEMENT OF REVENUES, EXPENDITURES 
AND CHANGES IN FUND BALANCES 
GOVERNMENTAL FUNDS 
Year Ended June 30, 2021 
General 
General 
Purpose 
School 
Capital Projects Funds 
Nonmajor 
Governmental 
Funds 
Total 
Governmental 
Funds 
Capital 
Improvement 
School 
Construction 
Education 
Capital 
Projects 
REVENUES 
Property taxes 
$ 6,642,990 
$1,866,914 
$ 
$ 
$ 
$ 
- 
$ 8,509,904 
Other local taxes 
10,250,056 
2,346,882 
- 
12,596,938 
Intergovernmental 
2,918,856 
10,362,020 
53,648 
- 
3,866,208 
17,200,732 
Charges for services 
262,876 
177,512 
- 
- 
- 
156,185 
596,573 
Fines and forfeitures 
185,497 
- 
- 
- 
34,300 
219,797 
Investment and interest 
income 
104,269 
52,213 
9,625 
40,559 
206,666 
Miscellaneous 
103,054 
50,643 
140,028 
52,515 
346,240 
Total revenues 
20,467,598 
14,856,184 
203,301 
4,149,767 
39,676,850 
EXPENDITURES 
Current: 
General government 
2,897,265 
2,897,265 
Public safety 
5,520,150 
5,520,150 
Highways and streets 
2,522,289 
- 
- 
2,522,289 
Culture and recreation 
1,258,051 
1,258,051 
Education 
15,568,615 
3,763,450 
19,332,065 
Health and welfare 
123,404 
123,404 
Debt service: 
Interest 
7,178 
7,178 
Capital outlay 
634,430. 
6,179,937 
74,142 
6,888,509 
Total expenditures 
12,321,159 
15,568,615 
634,430 
6,179,937 
3,844,770 
38,548,911 
REVENUES OVER (UNDER) 
EXPENDITURES 
8,146 439 
(712,431) 
(431,129) 
(6,179,937) 
304,997 
1,127,939 
OTHER FINANCING SOURCES 
(USES) 
Transfers 
(4,381,000) 
2,481,000 
(3,637) 
(5,276,300) 
6,179,937 
1,000,000 
Proceeds from debt issuance 
5,903,325 
5,903,325 
Bond issue cost 
(50,000) 
(50,000) 
Proceeds from sale of property 
1,401 
2,557 
••• 
3,958 
Insurance proceeds 
101,463 
101,463 
Total other financing 
sources (uses) 
(4,278,136) 
2,483,557 
(3,637) 
577,025 
6,179,937 
1,000,000 
5,958,746 
NET CHANGE IN FUND 
BALANCES 
3,868,303 
1,771,126 
(434,766) 
577,025 
1,304,997 
7,086,685 
FUND BALANCES, 
beginning of year, as restated 
13,884,604 
4,773,787 
6,921,446 
- 
24,247 
2,000,571 
27,604,655 
FUND BALANCES, 
end of year 
$17,752,907 
$6,544,913 
$6,486,680 
$ 
577,025 
$ 
24,247 
$ 3,305,568 
$34,691.340 
The Notes to Financial Statements are an integral part of this statement. 
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