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CITY OF ARDEN HILLS, MINNESOTA <br />Function: General Government 101 <br />Activity: Finance 41500 <br /> <br />Activity Scope <br />Objectives <br />Issues <br />Budget Commentary <br />2021 2022 2023 2024 <br />Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services 68,026$ 62,080$ 79,630$ 84,980$ <br />Commodities 10,229 10,477 16,500 15,000 <br />Contractual Services 71,996 71,156 95,420 91,960 <br />Total 150,251$ 143,713$ 191,550$ 191,940$ <br />Percent Change (-4.4%) 33.3% 0.2% <br />Full-Time Equivalent positions 0.55 0.47 0.63 0.65 <br />Expenditures by Classification <br />This budget increased by 0.2% in 2024, or $390. <br />2024 BUDGET <br /> Fund # : <br />Activity # : <br />Conducts the financial affairs of the City in accordance with the Government Accounting Standards Board <br />(GASB) and Generally Accepted Accounting Principles (GAAP). This includes protecting the assets of the City, <br />the initiation of financial plans, investment and debt management, review and implementation of internal <br />controls, and accounting for financial transactions including accounts payable, accounts receivable and payroll. <br />1. Continue working to refine the financial management plan for the City. <br />2. Continue to produce an Annual Comprehensive Financial Report (ACFR) and reports for the public (Popular <br />Annual Finance Report - PAFR) that receive the GFOA's award for excellence in reporting. <br />3. Provide meaningful and timely financial reports and information to Council, Commissions and other City <br />Departments. <br />1. Implement improved reporting procedures to inform Council, Commissions and Departments. <br />2. Work with other Departments to find ways to reduce costs of City operations. <br />3. Analyze and implement ways to reduce transaction processing and costs. <br />44% <br />8% <br />48% <br />Personnel Services <br />Commodities <br />Contractual Services