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CITY OF ARDEN HILLS, MINNESOTA 2023 BUDGET <br />Function: General Government Fund # 408 <br />Activity: Equipment & Building Replacement Activity # 48100 <br />Activity Scope <br />This Capital Fund was created in 2008 with the intent of building a reserve to fund equipment replacement, <br />building improvements, office equipment, and technology improvements. This use of the fund would level future <br />levy spikes caused by acquisition of costly capital expenditures. A one-time transfer of $500,000 was completed <br />in 2008 from the General Fund to establish the reserve. Annual transfers from the Enterprise Funds and property <br />taxes provide on -going revenues in addition to interest income. <br />Objectives <br />Provide adequate equipment to ensure operations and services for the residents of Arden Hills. <br />Issues <br />Budget constraints. <br />Budqet Commentary <br />Anticipated 2023 expenditures include the replacement of a Bobcat Toocat, an F-450 pickup truck and the first <br />portion of a Plow Wing Truck. Also included is the City Hall parking lot and City Hall maintenance (see CIP). <br />2020 2021 2022 2023 <br />Bud -get Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services $ - $ - $ - $ - <br />Commodities - - - - <br />Contractual Services - - - - <br />Capital Outlay 147,238 581,967 346,650 385,000 <br />Other Charges - - - - <br />Total $ 147,238 $ 581,967 $ 346,650 $ 385,000 <br />Percent Change 295.3% (-40.4%) 11.1 % <br />Expenditures by Classification <br />oPersonnel Services <br />OCommodities <br />OContractual Services <br />OCapital Outlay <br />â– Other Charges <br />100% <br />