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ATTACHMENT B
<br />CITY OF ARDEN HILLS
<br />STATEMENT OF REVENUES AND EXPENDITURES
<br />GENERAL FUND
<br />FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019
<br />Licenses & permits - mechanical permit revenue is $118,750 more than budgeted and building permits
<br />is $37,450 more.
<br />1/3 of the investment earnings are from market value adjustments. The City recognized a loss in market
<br />value during 2018.
<br />Mayor & Council - annual dues payments are paid during the first quarter each year.
<br />Fire - contract payment for entire year.
<br />Finance - bank service charges are allocated to other funds in December each year.
<br />YTD
<br />YTD
<br />Annual
<br />Through
<br />% of
<br />Budget
<br />9/30/2019
<br />Budget
<br />REVENUES
<br />Taxes
<br />$ 3,919,750
<br />$ 2,099,530
<br />53.6%
<br />Licenses and permits
<br />443,020
<br />635,909
<br />143.5%
<br />Intergovernmental
<br />153,220
<br />100,555
<br />65.6%
<br />Charges for services
<br />615,100
<br />397,481
<br />64.6%
<br />Fines and forfeits
<br />30,420
<br />14,246
<br />46.8%
<br />Special assessments
<br />1,220
<br />33
<br />2.7%
<br />Investment earnings
<br />47,230
<br />94,409
<br />199.9%
<br />Miscellaneous
<br />14,460
<br />4,710
<br />32.6%
<br />TOTAL REVENUES
<br />5,224,420
<br />3,346,871
<br />64.06%
<br />EXPENDITURES
<br />Mayor & Council
<br />68,760
<br />58,525
<br />85.1%
<br />Administration
<br />326,810
<br />229,573
<br />70.2%
<br />Elections
<br />23,000
<br />18,371
<br />79.9%
<br />Finance
<br />181,740
<br />150,028
<br />82.6%
<br />TCAAP
<br />171,190
<br />53,503
<br />31.3%
<br />Planning & Zoning
<br />217,320
<br />146,723
<br />67.5%
<br />Government Buildings
<br />202,810
<br />122,948
<br />60.6%
<br />Public Safety
<br />1,265,150
<br />871,442
<br />68.9%
<br />Dispatch
<br />68,500
<br />34,246
<br />50.0%
<br />Fire Protection
<br />573,680
<br />573,680
<br />100.0%
<br />Emergency Management
<br />3,910
<br />3,984
<br />101.9%
<br />Protective Inspections
<br />516,620
<br />285,889
<br />55.3%
<br />Street Maintenance
<br />719,300
<br />476,528
<br />66.2%
<br />Recreation
<br />340,540
<br />215,335
<br />63.2%
<br />Park Maintenance
<br />517,970
<br />267,829
<br />51.7%
<br />TOTAL EXPENDITURES
<br />5,197,300
<br />3,508,602
<br />67.51%
<br />EXCESS REVENUES (EXPENDITURES)
<br />27,120
<br />(161,731)
<br />-596.4%
<br />OTHER FINANCING SOURCES (USES)
<br />EDA Fund transfers
<br />(120,000)
<br />-
<br />0.0%
<br />Equipment Fund transfers
<br />(50,000)
<br />-
<br />0.0%
<br />Public Safety Capital Fund transfers
<br />(50,000)
<br />0.0%
<br />PIR Fund transfers
<br />(500,000)
<br />(300,000)
<br />60.0%
<br />TOTAL OTHER FINANCING SOURCES (USES)
<br />(720,000)
<br />(300,000)
<br />41.67%
<br />NET CHANGE IN FUND BALANCE
<br />$ (692,880)
<br />$ (461,731)
<br />66.64%
<br />Licenses & permits - mechanical permit revenue is $118,750 more than budgeted and building permits
<br />is $37,450 more.
<br />1/3 of the investment earnings are from market value adjustments. The City recognized a loss in market
<br />value during 2018.
<br />Mayor & Council - annual dues payments are paid during the first quarter each year.
<br />Fire - contract payment for entire year.
<br />Finance - bank service charges are allocated to other funds in December each year.
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