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City Departments
<br />Administration: This department provides the overall direction for the City as determined by the City Council. It is responsible for
<br />maintaining City records, issuing licenses, administering Council policies, and election procedures.
<br />Finance: This department conducts the financial affairs of the City of Arden Hills in accordance with the Government Accounting Stan-
<br />dards Board (GASB) and Generally Accepted Accounting Principals (GAAP).
<br />Community Development: This department is responsible for ensuring that laws, ordinances, and zoning codes are enforced. It is also
<br />responsible for economic development within the City.
<br />Public Works: This department manages the City’s infrastructure as it relates to roadways, water, sewer, and surface water management.
<br />Parks & Recreation: This department is responsible for providing recreation activities in the City and maintaining the City’s parks and
<br />trails.
<br />The City’s General Fund is the largest fund and is also one of the
<br />most vital to the City’s operation. The General Fund is the primary
<br />fund that accounts for everyday general expenditures like park main-
<br />tenance, police protection, and fire protection; while at the same
<br />time, supplementing portions of the other funds. Like most funds,
<br />the General Fund relies on the inflow of cash, shown as revenues
<br />a n d
<br />subse-
<br />quently
<br />the out-
<br />f l o w
<br />listed as
<br />expenditures. The primary revenue for the General Fund is property
<br />taxes. Intergovernmental revenues are items like state/county aids and
<br />grants. For the year end of 2014, the City’s revenue total was
<br />$4,304,743 which was a $203,316 (5.0%) increase from the previous
<br />year. This is mainly due to license and permit fees generating more
<br />revenue than expected.
<br /> 2013 2014
<br />Property Taxes $3,086,064 $3,210,025
<br />Licenses/Permits $382,039 $327,727
<br />Intergovernmental $120,811 $136,249
<br />Charges for Services $410,995 $400,224
<br />Other $98,294 $228,274
<br />Total General Fund Revenues $4,101,427 $4,304,743
<br />Special Assessments $3,224 $2,244
<br />
<br />Arden Hills Popular Annual Financial Report 2014 Page 2
<br />General Fund Revenue
<br />The City’s total General Fund expenditures for 2014 were $4,112,090 which
<br />was $42,758 (1%) under the final budget. Overall, General Fund expendi-
<br />tures increased
<br />$295,450 (8%)
<br />from 2013.
<br />Public Safety
<br />costs increased
<br />$46,549 (16%
<br />of the increase
<br />from 2013) and
<br />Public Works
<br />costs increased
<br />$189,161 (64% of the increase from 2013); this was due to restructuring
<br />the budget for maintenance expenses that were previously budgeted in
<br />another fund. The chart to the left highlights the amount funded to
<br />each of the City’s functions.
<br /> 2013 2014
<br />Central Government $970,307 $1,056,906
<br />Public Safety $1,779,549 $1,826,098
<br />Public Works $391,711 $580,872
<br />Parks and Recreation $675,073 $648,214
<br />Other $0 $0
<br />Total General Fund
<br />Expenditures
<br />$3,816,640 $4,112,090
<br />General Fund Expenditure
<br />
<br />$0
<br />$10,000,000
<br />2000 2002 2004 2006 2008 2010 2013 2015
<br />City of Arden Hills Outstanding Debt
<br />G.O. Tax Increment Bonds
<br />Arden Hills maintains an “AA+” rating from Standard & Poor’s.
<br />The City issued General Obligation Tax Increment bonds in
<br />1998, which are budgeted to be paid in full in the 2015 fiscal
<br />year. These Tax Increment Financing (TIF) districts are an im-
<br />portant economic development tool. Arden Hills’ TIF districts
<br />are located along Round Lake Road, Cottage Villas and Presby-
<br />terian Homes.
<br />In 2004, the City of Arden Hills refinanced its debt because of
<br />lower interest rates. To do this the City had to pay the previous
<br />bond in full, therefore causing the spike in the chart below. The
<br />chart also shows that the City is committed to repaying its debt
<br />in a timely manner. The 2014 revenues were $0 in interest, ex-
<br />penditures were $282,575, and transfers in from TIF districts
<br />were $282,575.
<br />Arden Hills Popular Annual Financial Report 2014 Page 3
<br />Long Term Debt
<br />The City of Arden Hills prides itself on controlling spending
<br />while providing the best services possible. In 2014, the City’s
<br />expenditures (for all funds except Enterprise and Internal Ser-
<br />vice Funds) totaled $6,937,149; an increase of 18% from 2013.
<br />The increase was due to Capital Improvement Projects, spe-
<br />cifically the 2014 PMP Round Lake Road and TCAAP. The
<br />chart highlights the City’s ability to control its expenditures
<br />over a several year period and demonstrates the City's priori-
<br />ties over different departments within the individual year.
<br />The City’s revenues for 2014 (for all funds except Enterprise and
<br />Internal Service Funds) totaled $6,982,261; an increase of 36%
<br />from 2013. This increase is attributable to an increase in Inter-
<br />governmental Revenues for street repair and maintenance. An-
<br />other factor in the increase is marking up investments to market
<br />value per the Governmental Accounting Standards Board.
<br />Special Revenue Funds
<br />Governmental Revenue & Expenditure
<br />The City of Arden Hills has five special revenue funds. Special
<br />revenue funds are used to account for revenues derived from
<br />specific taxes or other earmarked revenue sources. They are
<br />required by statute to finance particular functions, activities, or
<br />governments. See the 2014 CAFR for more information.
<br />EDA=Economic Development Authority
<br />Internal Service Funds
<br />Internal service funds are an accounting device used to accumu-
<br />late and allocate costs internally among the City’s various func-
<br />tions. The City maintains internal service funds for risk manage-
<br />ment, engineering, central garage and technology. The totals for
<br />these funds combined are:
<br />Total Revenue — $833,376
<br />Total Expenses — $882,780
<br />Revenue Expenditures
<br />Cable $115,032 $103,773
<br />EDA Operating $73,452 $81,173
<br />EDA Revolving $6,378 $0
<br />EDA TIF District No. 3 $70,938 $1,183
<br />EDA TIF District No. 4 $98,289 $90,785
<br />Total $718,014 $403,097
<br />EDA TIF District No. 2 $353,925 $126,183
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