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CITY OF ARDEN HILLS, MINNESOTA 2023 BUDGET <br />Function: Unallocated Fund # 101 <br />Activity: Transfers Activity # 49300 <br />Activity Scope <br />The transfers to other funds budget is utilized to account for the transfer of general fund revenues to other funds <br />within the City financial structure. <br />Objectives <br />1. To build reserves for capital equipment replacement. <br />2. To subsidize infrastructure improvements. <br />Issues <br />Budget constraints. <br />Budget Commentary <br />This budget is used to account for transfers out of the General Fund to other funds of the City. $137,000 was <br />transferred to the PIR Fund and $341,000 was transferred to the Public Safety Capital Fund in 2020. $548,000 <br />was transferred to the PIR Fund in 2021. The $70,000 for 2023 will be transferred to the Public Safety Capital <br />Fund in anticipation of future staffing needs. <br />2020 <br />2021 <br />2022 2023 <br />Budget Summary <br />ACTUAL <br />ACTUAL <br />BUDGET BUDGET <br />Personnel Services <br />$ - <br />$ - <br />$ - $ - <br />Commodities <br />- <br />- <br />- - <br />Contractual Services <br />- <br />- <br />- - <br />Other Charges <br />478,000 <br />548,000 <br />- 70,000 <br />Total <br />$ 478,000 <br />$ 548,000 <br />$ - $ 70,000 <br />Percent Change <br />14.6% <br />(-100.0%) 100.0% <br />Expenditures by Classification <br />OPersonnel Services <br />oCommodities <br />OContractual Services <br />oOther Charges <br />