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Arden Hills Popular Annual Financial Report 2010 Page 2 Arden Hills Popular Annual Financial Report 2010 Page 3
<br /> —ARPEN HILLS EN HILLS
<br /> The General F a Governmental Funding �_
<br /> • , ,
<br /> Governmental Revenue & Expenditure
<br /> Inflow: The City's General Fund is the largest fund and also one of the most vital to The City's revenues for 2010 (for all funds except Enterprise
<br /> Where does the moneycome from? the City's operation. The General Fund is the primary fund that accounts for Five Year Revenue Comparison Funds totaled 5 807 047 an increase of 12% from 2009 as the
<br /> $7,000,000 ) $ >
<br /> chargesfor o,i: everyday general expenses like park maintenance, police protection, and fire City received Federal and State grants to complete the Elmer L.
<br /> services 4% protection while at the same time supplementing portions of the other funds. $6,000,000 Andersen Trail. The graph to the left illustrates the City's vari-
<br /> 9%
<br /> Inter_ Like most funds, the General Fund relies on the inflow of cash,shown as reve- ous revenue sources.
<br /> governmental for the General Fund is property taxes. Intergovernmental revenues re items $5,000,000 ` $7,000,000 Five Year Expenditure Comparison
<br /> 3% � nues and subsequently uentl the outflow listed as ex enditures. The primary revenue
<br /> like state/ $4,000,000
<br /> Licenses/ 2009 2010 $6>000,000
<br /> Permits county aids
<br /> ,% $3,000,000
<br /> and grants. Property Taxes $2,835,253 $2,867,028
<br /> For the year $2,000,000 $5,000,000 For
<br /> end of 2010 Licenses/Permits $318,849 $255,265
<br /> the City's reve� g $ $ $1,000,000 $4,000,000
<br /> t3 Inter Intergovernmental 130,557 118,981
<br /> Property nue total was i $3,000,000
<br /> Taxes $3 7 1 0 41 5 Charges for Services $332,358 $322,978 $-
<br /> 77%
<br /> which was a 2006 2007 2008 2009 2010 $2,000,000
<br /> Other $132,041 $146,163
<br /> $38,643 (1%) decrease from the previous year.This was largely due ■Taxes ■Special Assessments $1,000,000
<br /> to the economy and market values as there was an increase in tax Total General Fund Revenues $3,749,058 $3,710,415 0 License and Permits ■Intergovernmental
<br /> ■Charges for Services ■Fines and Forfeits
<br /> petitions and abatements. oOther $-
<br /> 2006 2007 2008 2009 2010
<br /> Expenditure The City of Arden Hills prides itself on controlling spending ■Public Safety ■Debt Service
<br /> while providing the best services possible. In 2010 the City's o Public Works ■Parks and Recreation
<br /> The City's total General Fund expenditures for 2010 were $3,499,217 which was $102,875 (30/o) under the final budget. Overall, expenses (for all funds except Enterprise Funds) totaled ■Capital Outlay ■Miscellaneous
<br /> General Fund expenses increased $100,350 (3%o) from 2009. Public safety accounted for 3 percent or $34,227 of this increase. $6,035,747,up 7/o o from 2009.The increase was due to the 2010 13Economic Development ■General Government
<br /> The balance of these increases were primarily due to inflation and pay- ——
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<br /> Outflow: Pavement Management Program (PMP) project. The chart to the right highlights the City's ability to control its expenditures
<br /> outs of severance packages as the City experienced turnover in three key
<br /> over a several year period and demonstrates the City's priorities over different departments within the individual year.
<br /> management positions. The chart below highlights the amount funded Where does the money go? y p ty p p y
<br /> to each of the City's functions. Parks and Long Term DebtSpecial /
<br /> Recreation Central
<br /> 2009 2010 17% Government Arden Hills maintains an "AA+" rating from Standard & The City of Arden Hills has eight funds that make the special
<br /> 29% Poor's. The City issued G.O. Tax Increment bonds in 1998, revenue fund. Special revenue funds are used to account for
<br /> Central Government $983,207 $1,010,168 which are budgeted to be paid in full in the 2015 fiscal year. revenues derived from specific taxes or other earmarked reve-
<br /> Public Safety $1,526,819 $1,561,046 PubliccoWorks These Tax Increment Financing(TIF) districts are an important nue sources. They are usually required by statute, local ordi-
<br /> economic development tool. Arden Hills' TIP districts are lo- nance, and/or resolution to finance particular functions, activi-
<br /> Public Works $282,019 322,793 cated along Round Lake Road and Cottage Villas. ties,or governments.
<br /> Parks and Recreation $606,822 $605,210 In 2004, the City of Arden Hills decided to refinance its debt 2010 Revenues 2010 Expenditures
<br /> Other $0 $0 because of lower interest rates. In order to do this the City had Community Services $33,635 $0
<br /> Total General Fund Expenses $3,398,867 $3,499,217 Publs�fety to pay the previous bond in full, therefore causing the spike in parks $779,362 $1,141,300
<br /> the chart below. The chart also shows the City is committed to Cable $91,079 $95,413
<br /> City Departments repaying its debt in a timely manner. The 2010 revenues were TCAAP $0 $17,372
<br /> $53 in interest, expenditures were $281,525, and transfers in Risk Management $48,377 $7,523
<br /> Administration: This department provides the overall direction for the City as determined by the City Council. It is responsible for from TIF districts were$281,525. EDA Operating $36,201 $544
<br /> maintaining City records;issuing licenses;administering Council policies;and election procedures.
<br /> City of Arden Hills Outstanding Debt EDA Revolving $3,392 $o
<br /> Finance: This department conducts the financial affairs of the City of Arden Hills in accordance with the Government Accounting Stan- $10,000,000 EDA TIF District No 2 $511 739 $1 094
<br /> dards Board(GASB) and Generally Accepted Accounting Principals(GAAP).
<br /> $5 000 000 EDA TIF District No 3 $40,672 $1,673
<br /> Community Development:This department is responsible for ensuring that laws,ordinances,and zoning codes are enforced. It is also Total $1,544,457 $1,264,919
<br /> responsible for Economic Development within the City. $0 0 0 0 0 p p o m v o _
<br /> (For more information on the specific fund descriptions,please see the
<br /> Public Works: This department manages the City's infrastructure as it relates to roadways,water,sewer,and surface water management. 2000 2002 2004 2006 2008 2010 2013 2015 CAFR.)
<br /> Parks&Recreation: This department is responsible to provide recreation activities in the City and maintain the City's parks and trails. 11 TCAAP=Twin Cities Army Ammunition Plant
<br /> G.O.Tax Increment Bonds EDA=Economic Development Authority
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