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 />2017 2018 2019 2020 <br />Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services 33,609$ 25,691$ 42,910$ 52,160$ <br />Commodities 290 632 400 400 <br />Contractual Services 44,358 32,432 46,970 77,290 <br />Capital Outlay 1,647 - 40,000 - <br />Other Charges - - - - <br />Total 79,904$ 58,755$ 130,280$ 129,850$ <br />Percent Change (-26.5%) 121.7% (-0.3%) <br />Full-Time Equivalent positions 0.23 0.21 0.33 0.43 <br />Expenditures by Classification <br />The primary revenue source for this fund is property taxes. An administrative charge was established in 2008 and <br />all funds are charged back for overhead costs associated with Administration, Finance and Government Building <br />departments in the General Fund. Other costs such as auditing, financial software, IT and insurance have been <br />allocated to this fund also. Capital outlay relates to Gateway Signs. <br />2020 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, statutes, etc. <br />2. Promotion of available industrial property. <br />40% <br />60% <br />Personnel Services <br />Commodities <br />Contractual Services <br />Capital Outlay <br />Other Charges <br />29