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Permanent Other Total
<br />Improvement Governmental Intra-Activity Governmental
<br />General Revolving Funds Eliminations Funds
<br />Revenues
<br />Property taxes
<br />General property taxes 3,829,079$ 250,000$ 326,612$ –$ 4,405,691$
<br />Tax increments – – 338,899 – 338,899
<br />Special assessments – 432,885 – – 432,885
<br />Licenses and permits 830,866 – – – 830,866
<br />Intergovernmental 174,405 368,568 – – 542,973
<br />Charges for services 476,574 – – – 476,574
<br />Fines and forfeits 22,662 – – – 22,662
<br />Earnings on investments (charges)(186,632) (179,564) (87,967) – (454,163)
<br />Franchise taxes – – 94,320 – 94,320
<br />Antenna lease rental fees 139,304 – – – 139,304
<br />Miscellaneous reimbursements 10,442 – – – 10,442
<br />Other 9,736 150,000 69,236 – 228,972
<br />Total revenues 5,306,436 1,021,889 741,100 – 7,069,425
<br />Expenditures
<br />Current
<br />General government 1,077,037 – 127,582 – 1,204,619
<br />Public safety 2,546,051 – –– 2,546,051
<br />Public works 914,148 – –– 914,148
<br />Parks and recreation 665,776 – –– 665,776
<br />Economic development – – 138,251 – 138,251
<br />Capital outlay
<br />General government – – 210,148 – 210,148
<br />Public safety – – 98,396 – 98,396
<br />Public works – 1,594,329 114,224 – 1,708,553
<br />Parks and recreation – 133,193 140,004 – 273,197
<br />Total expenditures 5,203,012 1,727,522 828,605 – 7,759,139
<br />Revenues over (under) expenditures 103,424 (705,633) (87,505) – (689,714)
<br />Other financing sources (uses)
<br />Sale of capital assets 195,541 – 43,150 – 238,691
<br />Transfers in – 417,540 300,000 (417,540) 300,000
<br />Transfers out (102,540) – (315,000) 417,540 –
<br />Total other financing sources (uses)93,001 417,540 28,150 – 538,691
<br />Net changes in fund balances 196,425 (288,093) (59,355) – (151,023)
<br />Fund balances – beginning 3,169,812 4,990,120 2,654,796 – 10,814,728
<br />Fund balances – ending 3,366,237$ 4,702,027$ 2,595,441$ –$ 10,663,705$
<br />CITY OF ARDEN HILLS
<br />Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />Governmental Funds
<br />Year Ended December 31, 2022
<br />See notes to basic financial statements -18-
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