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CITY OF ARDEN HILLS, MINNESOTA <br />Function: General Government 101 <br />Activity:Finance 41500 <br /> <br />Activity Scope <br />Objectives <br />Issues <br />Budget Commentary <br />2016 2017 2018 2019 <br />Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services 61,677$ 66,312$ 51,000$ 52,540$ <br />Commodities 16,490 19,000 23,100 23,100 <br />Contractual Services 94,102 107,351 102,200 106,100 <br />Total 172,268$ 192,663$ 176,300$ 181,740$ <br />Percent Change 11.8% (-8.5%) 3.1% <br />Full-Time Equivalent positions - - 0.47 0.49 <br />Expenditures by Classification <br />This budget increased by 3.1% in 2019. Contractual services is increasing due to the Technology Fund allocation. <br />2019 BUDGET <br /> Fund # : <br />Activity # : <br />Conducts the financial affairs of the City in accordance with the Government Accounting Standards Board (GASB) <br />and Generally Accepted Accounting Principles (GAAP). This includes protecting the assets of the City, the <br />initiation of financial plans, investment and debt management, review and implementation of internal controls, and <br />accounting for financial transactions including accounts payable, accounts receivable and payroll. <br />1. Continue working to refine the financial management plan for the City. <br />2. Continue to produce a Comprehensive Annual Financial Report (CAFR) and reports for the public (Popular <br />Annual Finance Report - PAFR) that receive the GFOA's award for excellence in reporting. <br />3. Provide meaningful and timely financial reports and information to Council, Commissions and other City <br />Departments. <br />1. Implement improved reporting procedures to inform Council, Commissions and Departments. <br />2. Work with other Departments to find ways to reduce costs of City operations. <br />3. Analyze and implement ways to reduce transaction processing and costs. <br />29% <br />13% <br />58% <br />Personnel Services <br />Commodities <br />Contractual Services <br />9