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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 />2017 2018 2019 2020 <br />Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services 66,312$ 47,231$ 52,540$ 58,370$ <br />Commodities 19,000 14,424 23,100 20,500 <br />Contractual Services 107,351 92,754 106,100 107,420 <br />Total 192,663$ 154,408$ 181,740$ 186,290$ <br />Percent Change (-19.9%) 17.7% 2.5% <br />Full-Time Equivalent positions 0.60 0.48 0.49 0.52 <br />Expenditures by Classification <br />This budget increased by 2.5% in 2020 or $4,550. <br />2020 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 />31% <br />11% <br />58% <br />Personnel Services <br />Commodities <br />Contractual Services <br />7