Laserfiche WebLink
CITY OF ARDEN HILLS, MINNESOTA <br />Function:Economic Development 250 <br />Activity:EDA General 47300 <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 42,842$ 33,609$ 70,550$ 42,910$ <br />Commodities 290 290 650 400 <br />Contractual Services 29,513 44,358 66,237 46,970 <br />Capital Outlay - 1,647 80,000 40,000 <br />Other Charges - - - - <br />Total 72,645$ 79,904$ 217,437$ 130,280$ <br />Percent Change 10.0% 172.1% (-40.1%) <br />Full-Time Equivalent positions - - 0.36 0.33 <br />Expenditures by Classification <br />Historically, the revenue to this fund has been primarily excess increment and interest income with transfers from <br />the General Fund. A transfer was made in 2012 and 2013 for the Conduit Debt revenue received in 2011 and <br />2012 from the Presbyterian Homes project. The tax increment excess funding source expired in 2015. Transfers <br />from the General Fund are now the prime funding source. <br />An administrative charge was established in 2008 and all funds are charged back for overhead costs associated <br />with Administration, Finance and Administrative Services, and Government Building departments in the General <br />Fund. Other costs such as auditing, financial software, IT and insurance have been allocated to this fund also. <br />Capital outlay relates to Gateway Signs. <br />2019 BUDGET <br /> Fund # : <br />Activity # : <br />This Special Revenue Fund accounts for general administration activities that are not specific to any individual Tax <br />Increment Financing (TIF) District, as well as activities associated with the Economic Development Commission <br />and Economic Development Authority. <br />1. Consider placement and construction of Gateway Signs. <br />2. Consider the use of TIF District 3 funds for low to moderate housing needs. <br />3. Review the operating budget and identify a sustainable funding source. <br />4. Continue to grow and evolve the business retention program. <br />1. Consistent administration of the City's polices, plan, ordinances, guidelines, statues, etc. <br />2. Promotion of available industrial property. <br />33% <br />36% <br />31% <br />Personnel Services <br />Commodities <br />Contractual Services <br />Capital Outlay <br />Other Charges <br />29