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CITY OF ARDEN HILLS, MINNESOTA 2022 BUDGET <br /> Function: General Government Fund# 101 <br /> Activity: Finance Activity# 41500 <br /> Activity Scope <br /> Conducts the financial affairs of the City in accordance with the Government Accounting Standards Board <br /> (GASB) and Generally Accepted Accounting Principles (GAAP). This includes protecting the assets of the City, <br /> the initiation of financial plans, investment and debt management, review and implementation of internal <br /> controls, and accounting for financial transactions including accounts payable, accounts receivable and payroll. <br /> Objectives <br /> 1. Continue working to refine the financial management plan for the City. <br /> 2. Continue to produce a Comprehensive Annual Financial Report(CAFR)and reports for the public (Popular <br /> Annual Finance Report- PAFR)that receive the GFOA's award for excellence in reporting. <br /> 3. Provide meaningful and timely financial reports and information to Council, Commissions and other City <br /> Departments. <br /> Issues <br /> 1. Implement improved reporting procedures to inform Council, Commissions and Departments. <br /> 2. Work with other Departments to find ways to reduce costs of City operations. <br /> 3.Analyze and implement ways to reduce transaction processing and costs. <br /> Budget Commentary <br /> This budget decreased by 0.7% in 2022, or$1,360. <br /> 2019 2020 2021 2022 <br /> Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br /> Personnel Services $ 52,839 $ 58,488 $ 68,420 $ 73,690 <br /> Commodities 12,816 8,170 20,500 18,000 <br /> Contractual Services 89,982 77,738 96,980 92,850 <br /> Total $ 155,637 $ 144,397 $ 185,900 $ 184,540 <br /> Percent Change (-7.2%) 28.7% (-0.7%) <br /> Full-Time Equivalent positions 0.49 0.52 0.57 0.59 <br /> Expenditures by Classification <br /> 40% <br /> _ 4 <br /> o Personnel Services <br /> o Commodities <br /> 50% <br /> 13Contractual Services <br /> 10% <br /> 7 <br />