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CITY OF ARDEN HILLS, MINNESOTA <br />Function: General Government 101 <br />Activity: Finance 41500 <br /> <br />Activity Scope <br />Objectives <br />Issues <br />Budget Commentary <br />2019 2020 2021 2022 <br />Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services 52,839$ 58,488$ 68,420$ 73,370$ <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$ 184,220$ <br />Percent Change (-7.2%) 28.7% (-0.9%) <br />Full-Time Equivalent positions 0.49 0.52 0.57 0.59 <br />Expenditures by Classification <br />This budget decreased by 0.9% in 2022, or $1,680. <br />2022 BUDGET <br /> Fund # : <br />Activity # : <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 />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 />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 />40% <br />10% <br />50% <br />Personnel Services <br />Commodities <br />Contractual Services <br />9