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Residents receive a variety of City ser- vices at an affordable price. The cost of City services in 2019 for the owner of a single-family home in Arden Hills with an assessor’s market value of $346,900 was $72.60 per month. The checkbook shows how the monthly cost of property tax-supported services was divided among City departments. About this Report The City of Arden Hills reports financial year- end results in the Comprehensive Annual Financial Report (CAFR). The Popular Annual Financial Report (PAFR) is an unaudited report that summarizes the most significant data from the CAFR, and is consistent with Generally Accepted Accounting Principles. For a complete review of the City’s financial position for 2019, consult the 2019 CAFR available on the City’s website at www.cityofardenhills.org, or from the Finance Department at 651.792.7800. Pavement Management Plan: The Pavement Management Program (PMP) identifies, inventories, and tracks street conditions to ensure that maintenance is com- pleted 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 recent 2018 PMP area included three neighbor- hoods within the City. Year end fund balance was $3,762,602. Public Safety Projects: This fund accounts for the City’s share of capital equip- ment costs for police and fire. Year end fund balance was $(5,197). 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. Year end fund balance was $294,445. Parks: This fund was established for park/trail acquisition and development. Revenue for this fund comes from developer park dedication fees, contributions, state grants and investment interest. Year end fund balance was $(5,816). Enterprise Funds City of Arden Hills Popular Annual Finance Report Page 4 Capital Funds Check Register Description of Transaction Balance PPuubblliicc SSaaffeettyy $$ 2299..4455 GGeenneerraall GGoovveerrnnmmeenntt $$ 1166..6699 PPaarrkkss aanndd RReeccrreeaattiioonn $$ 1111..3377 PPuubblliicc WWoorrkkss $$ 99..5533 CCaappiittaall //EEDDAA $$ 55..5566 72.60 January 1, 2019 Homeowner City Of Arden Hills Seventy two and 60/100———————————— MONTHLY police, fire, street Homeowner YOUR BANK Cost of City Services The Enterprise Funds are run like a business in that they rely on fees and charges for revenue to cover expenses. 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 projected infrastructure improvements will require annual user rate increases for the foreseeable future. User rates are evaluated each year during the budget cycle. Based on an average usage of 4,800 gallons per month, the 2019 monthly cost of utili- ties for a home in Arden Hills was $79.83 (Arden Hills bills on a quarterly basis). Revenues Expenses Water 2,444,997 2,395,820 Sewer 2,327,103 1,789,498 Surface Water 858,429 587,209 Recycling 166,995 172,232 5,797,524 4,944,759