Arden Hills 2018 Popular Annual Financial Report

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Residents receive a variety of City services at an affordable price. The cost of City services in 2018 for the owner of a single-family home in Arden Hills with an assessor’s market value of $333,800 was $69.49 per month. Utilities remain competitively priced in 2018. The value received from City services compared favorably to charges of other monthly bills. Property Tax-Supported Services The checkbook shows how the monthly cost of property tax-supported ser- vices was divided among City departments. Monthly Cost of Utilities (separate from property taxes) Based on an average usage of 4,800 gallons per month, monthly cost of utilities for a home in Arden Hills was $75.26 in 2018 (Arden Hills bills on a quarterly basis). Capital Funds Check Register Description of Transaction Balance Public Safety $ 28.69 General Government $ 13.94 Parks and Recreation $ 8.77 Public Works $ 10.45 Capital /EDA $ 7.64 About this Report The City of Arden Hills re- ports financial year-end results in the Comprehensive Annual Financial Report (CAFR). The Popular Annual Financial Re- port (PAFR) is an unaudited report that summarizes the most significant data from the 2018 CAFR, and is consistent with Generally Accepted Ac- counting Principles. The re- port reflects the net tax cost by service expenditure, devel- oped by crediting related reve- nues against appropriate ex- penditures and allocating local taxes against the remaining balance. For a complete review of the City’s financial position for 2018, consult the 2018 CAFR available on the City’s website at www.cityofardenhills.org, or from the Finance Depart- ment at 651.792.7800. Pavement Management Plan The City has a program for maintaining the life of Arden Hills’ streets. The Pavement Man- agement Program (PMP) identifies, invento- ries, and tracks street conditions to ensure that maintenance is done at the appropriate time. The results are prolonged pavement life and reduced costs to property owners. The PMP was initiated to ensure a maintenance program for Arden Hills’ aging streets. The most re- cent 2018 PMP area included three neighbor- hoods within the City. Revenues (Assessment, State Aid, Interest & Transfers) — $2,000,026 Expenses — $5,423,506 Public Safety Projects This fund accounts for the City’s share of capi- tal equipment costs for police and fire. Revenues (Donations, Interest & Transfers) — $88,608 Expenses — $166,000 These funds consist of utility services provided to the com- munity by the City such as water, sewer, surface water and recycling. A rate study was completed in 2018 and project- ed infrastructure improvements will require annual user rate increases. User rates are evalu- ated each year during the budget cycle. Enterprise Funds How Property Tax Dollars Buy City Services Equipment/Building Maintenance & Repair City equipment and buildings are monitored regularly and replaced/repaired when needed. Transfers are made from various funds to fund these expenditures. Transfer from General & Enterprise Funds & Sale of Assets — $819,158 Expenses — $342,987 Parks This fund was established for park/trail acqui- sition and development. Revenue for this fund comes from developer park dedication fees, contributions, state grants and investment interest. Revenues — $24,350 Expenses — $650 69.49 January 1, 2018 Homeowner City Of Arden Hills Sixty Nine and 49/100————————————— MONTHLY police, fire, street maintenance, parks, programs etc. Homeowner City of Arden Hills, MN YOUR BANK Arden Hills Popular Annual Financial Report Page 4