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CITY OF ARDEN HILLS, MINNESOTA <br />2024 BUDGET <br />Function: General Government Fund # 101 <br />Activity: Finance Activity # 41500 <br />Activity Scope <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 />Objectives <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 />Issues <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 />Budget Commentary <br />This budget increased by 0.2% in 2024, or $390. <br />Budget Summary <br />Personnel Services <br />Commodities <br />Contractual Services <br />Total <br />Percent Change <br />Full -Time Equivalent positions <br />Expenditures by Classification <br />2021 <br />2022 <br />2023 <br />2024 <br />ACTUAL <br />ACTUAL <br />BUDGET <br />BUDGET <br />$ 68,026 <br />$ 62,080 <br />$ 79,630 <br />$ 84,980 <br />10,229 <br />10,477 <br />16,500 <br />15,000 <br />71,996 <br />71,156 <br />95,420 <br />91,960 <br />$ 150,251 <br />$ 143,713 <br />7191,550 <br />$ 191,940 <br />(4.4%) <br />33.3% <br />0.2% <br />0.55 <br />0.47 <br />0.63 <br />0.65 <br />44% <br />O Personnel Services <br />48% O Commodities <br />OContractual Services <br />8% <br />