Laserfiche WebLink
EDA FUND <br /> SUMMARY <br /> Description <br /> The City of Arden Hills currently maintains five EDA Funds. The modified accrual <br /> basis of accounting is used for EDA funds. That is, expenditures are recorded at the <br /> time liabilities are incurred and revenues are recorded when received. However, <br /> compensated absences are expensed when paid for budgetary purposes. EDA fund <br /> budgets are not always balanced, meaning budgeted revenues may be greater or less <br /> than budgeted expenditures. In these circumstances reserves will show an increase <br /> or decrease in the fund's fund balances. <br /> Budget Issues <br /> See individual fund's for budget issues, because each fund will have its own unique <br /> budget issues <br /> Budget Summary <br /> Revenues By Cassif ication Expenditures By Classification <br /> Toral Revenues$370,750 Total Expenditures $426,568 <br /> •Personal <br /> Services <br /> ■Taxes <br /> •Materials and <br /> ■Special Assessments Supplies <br /> ■Licenses&Permits r: Other Services <br /> and Charges <br /> ■Intergovernmental <br /> Revenues ■Capital Outlay <br /> ■Charges for Services 0% <br /> a0/° a Park Dedication Fees <br /> ■Transfers Out <br /> Utility Charges To Other <br /> Funds <br /> u Interest on <br /> Investments <br /> 1 <br />