|
cityoFArdenHills.org • JAnuAry/FebruAry 2023 • 3
<br />City Adopts Budget and Approves Tax Levy - Continued from Page 1
<br />Budgeted Governmental Funds
<br />General and Special Revenue Funds 2022 Budget 2023 Budget
<br />Revenue
<br /> Taxes:
<br />Property Taxes $3,950,850 $4,170,490
<br />Tax Increments 377,180 0
<br />Other 112,470 102,400
<br /> Special Assessments 1,510 3,350
<br /> Licenses and Permits 504,800 511,730
<br /> Intergovernmental Revenue:
<br />State 158,250 171,370
<br /> Charges for Services 519,510 525,550
<br /> Fines and Forfeits 23,750 23,190
<br /> Miscellaneous 13,820 13,340
<br /> Interest Earnings 27,950 42,500
<br />Total Revenue 5,690,090 5,563,920
<br />Expenditures
<br /> General Government 1,334,760 1,431,300
<br /> Public Safety 2,510,670 2,655,800
<br /> Streets and Highways 759,040 796,430
<br /> Culture and Recreation 763,980 782,720
<br /> Economic Development 375,750 93,250
<br />Total Expenditures 5,744,200 5,759,500
<br />Excess (deficiency) of revenue and other financing sources over expenditures and other financing uses
<br />($54,110)($195,580)
<br />General Fund Balance - January 1 $3,169,812 $2,749,992
<br />General Fund Balance - December 31 $2,749,992 $2,589,232
<br />Property tax levy requirement to fund this budget $4,472,680 $4,718,680
<br />Round Lake Senior Living Ribbon Cutting
<br />On January 5, 2023, Trident Development opened their
<br />new senior living facility at 1740 Parkshore Drive.
<br />Mayor David Grant, City Councilmembers Tom Fabel,
<br />Brenda Holden, and several City staff joined Round
<br />Lake Senior Living Facility staff to celebrate the exciting
<br />addition to Arden Hills. The senior living facility is
<br />open and ready for new residents, offering residents a
<br />range of services and amenities that include independent
<br />living, assisted living, memory care services, and skilled
<br />nursing.
<br />The Council adopted a 2023 city budget of
<br />$15,926,830, which includes the General Fund,
<br />Special Revenue Funds, Capital Funds and Utilities.
<br />2022 General Fund Budget
<br />Revenues
<br />• General Fund revenues in the 2023 budget
<br />are set at $5,369,420.
<br />• The property tax levy accounts for
<br />approximately 76% of the General Fund
<br />revenues and will be increased 5.0%, or
<br />$196,000, over the previous year.
<br />Expenditures
<br />• General Fund expenditures for 2023 total
<br />$5,530,180.
<br />• Public Safety costs are set to increase
<br />by 7.8% for the Lake Johanna Fire
<br />Department, 4.0% for the Ramsey County
<br />Sheriff contract, and 11.2% for dispatch
<br />costs.
<br />• Personnel costs are increasing by 6.2%
<br />due to cost of living adjustments, step
<br />increases, and health insurance premium
<br />increases.
<br />The approved budget and tax levy information
<br />can be viewed in detail in the December 12 City
<br />Council agenda at www.cityofardenhills.org.
<br />The purpose of the table to the right is to provide
<br />summary 2023 budget information concerning
<br />the City of Arden Hills to interested citizens.
<br />This budget summary is published in the format
<br />prescribed by Minnesota Statutes Section 471.6965.
<br />This is not the complete city budget; the complete
<br />city budget may be examined at Arden Hills City
<br />Hall located at 1245 West Highway 96 or online
<br />at www.cityofardenhills.org. The City Council
<br />approved this budget on December 12, 2022.
<br />Round Lake Senior Living staff members cut the ribbon at
<br />their grand opening.
|