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Residents receive a variety of City of City services in 2020 for the owner of a single-family home in Arden Hills with an assessor’s market value of $372,400 was $78.08 per month. The checkbook shows how the monthly cost of property tax-supported services was divided among City departments. Pavement Management Plan: The Pavement Management Program (PMP) identifies, inventories, and tracks street conditions to ensure that maintenance is completed 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 neighborhoods within the City. Year end fund balance was $4,928,470. Public Safety Projects: This f und accounts f or t he C ity’s share of capi tal equi pment costs for police and fire. Year end fund balance was $125,624. 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 $461,581. Parks: This fund w as established for park/ trail acquisition, maintenance and development. Revenue for this fund comes from developer park dedication fees, contributions, state grants and investment interest. Year end fund balance was $246,917. Enterprise Funds City of Arden Hills Popular Annual Finance Report Page 4 Capital Funds Check Register Description of Transaction Balance PPuubblliicc SSaaffeettyy $$ 3333..2266 GGeenneerraall GGoovveerrnnmmeenntt $$ 1166..0088 PPaarrkkss aanndd RReeccrreeaattiioonn $$ 1111..7766 PPuubblliicc WWoorrkkss $$ 1100..3300 CCaappiittaall //EEDDAA $$ 66..6688 About this Report The City of Arden Hills reports financial year- end results in the Comprehensive Annual Financial Report (Annual Report). The Popular Annual Financial Report (PAFR) is an unaudited report that summarizes the most significant data from the Annual Report, and is consistent with Generally Accepted Accounting Principles. For a complete review of the City’s financial position for 2020, consult the 2020 Annual Report available on the City’s website at www.cityofardenhills.org, or from the Finance Department at 651.792.7800. 78.08 January 1, 2020 Homeowner City Of Arden Hills Seventy eight and 08/100——————————— 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 community 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 2020 monthly cost of utilities for a home in Arden Hills was $84.06 (Arden Hills bills on a quarterly basis). Revenues Expenses Water 2,392,800 2,096,083 Sewer 1,913,516 1,728,146 Surface Water 885,989 620,365 Recycling 163,635 139,840 5,355,940 4,584,434 Residents receive a variety of City services at an affordable price. The cost of City services in 2020 for the owner of a single-family home in Arden Hills with an assessor’s market value of $372,400 was $78.08 per month. The checkbook shows how the monthly cost of property tax-supported services was divided among City departments.