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Permanent Other Total
<br />Improvement Governmental Intra-Activity Governmental
<br />General Revolving Funds Eliminations Funds
<br />Revenues
<br />Taxes
<br />General property taxes 3,795,624$ –$ –$ –$ 3,795,624$
<br />Tax increments – – 388,697 – 388,697
<br />Special assessments 772 827,715 – – 828,487
<br />Licenses and permits 714,530 – – – 714,530
<br />Intergovernmental 162,041 441,925 – – 603,966
<br />Charges for services 440,616 – – – 440,616
<br />Fines and forfeits 34,512 – – – 34,512
<br />Earnings on investments 119,231 138,981 52,395 – 310,607
<br />Franchise taxes – – 100,464 – 100,464
<br />Antenna rental fees 134,505 – – – 134,505
<br />Miscellaneous reimbursements 17,714 – – – 17,714
<br />Other 5,360 100,000 34,048 – 139,408
<br />Total revenues 5,424,905 1,508,621 575,604 – 7,509,130
<br />Expenditures
<br />Current
<br />General government 1,058,275 – 137,060 – 1,195,335
<br />Public safety 2,399,296 – – – 2,399,296
<br />Public works 632,531 – – – 632,531
<br />Parks and recreation 679,589 – – – 679,589
<br />Economic development – – 300,052 – 300,052
<br />Capital outlay
<br />General government – – 115,924 – 115,924
<br />Public safety – – 69,666 – 69,666
<br />Public works – 413,309 299,847 – 713,156
<br />Parks and recreation – 549,687 125 – 549,812
<br />Economic development – – 3,300 – 3,300
<br />Total expenditures 4,769,691 962,996 925,974 – 6,658,661
<br />Revenues over (under) expenditures 655,214 545,625 (350,370) – 850,469
<br />Other financing sources (uses)
<br />Sale of capital assets – – 27,390 – 27,390
<br />Transfers in – 560,000 520,000 (780,000) 300,000
<br />Transfers out (780,000) – – 780,000 –
<br />Total other financing sources (uses)(780,000) 560,000 547,390 – 327,390
<br />Net changes in fund balances (124,786) 1,105,625 197,020 – 1,177,859
<br />Fund balances – beginning 3,340,369 2,656,977 1,546,474 – 7,543,820
<br />Fund balances – ending 3,215,583$ 3,762,602$ 1,743,494$ –$ 8,721,679$
<br />CITY OF ARDEN HILLS
<br />Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />Governmental Funds
<br />Year Ended December 31, 2019
<br />See notes to basic financial statements -17-
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