Laserfiche WebLink
<br /> , . <br />/ , <br /> CITY OF ARDEN HILLS <br />. MEMORANDUM <br /> DATE: December 8,1994 <br /> TO: Mayor and City Council <br /> FROM: @ Terrance R. Post, Acting City Administrator/City Accountant <br /> SUBJECT: November 1994 Operating Results Commentary <br /> I. GENERAL FUND: <br /> 1. Revenue <br /> a. Although physically not receipted in November, property tax receipts <br /> were accrued as a receivable as of 11/30/94 to facilitate an estimate <br /> of year-end results against budget. Barring any abatement surprises <br /> in the January 1995 tax settlement, it appears that the property taxes <br /> revenue category will slightly exceed budget. This is in contrast to <br /> 1993 performance when property taxes revenue experienced a <br />. $132,784 (9.6%) shortfall against the 1993 budget. <br /> b. It has been a strong year for license and permit revenue activity. The <br /> $32,254 (22%) positive variance experienced thus far should more <br /> than offset the negative variance in inspection costs in the Protective <br /> Inspections department. <br /> c. The Intergovernmental Revenue category is currently showing a <br /> $58,205 shortfall. We anticipate receiving an additional $48,000 in <br /> HACA aid and $6,000 in MSA Maintenance monies by 12/31/94 <br /> from the State of Minnesota. <br /> d. Overall, we are estimating that General Fund revenue will exceed <br /> budget by between $50,000 to $70,000 (2.5% to 3.4%). This is in <br /> contrast to 1993 results when actual revenue was $65,653 (3.5%) <br /> under budget. <br /> 2. Expenditures <br /> a. Election Department costs show almost a $1,400 negative variance <br /> against budgeted costs. Variances reside in postage costs (informing <br /> registered voters of a change in precinct location - $605) and labor <br />. costs ($982). In 1992, the City conducted three elections, <br /> (Presidential primary, State primary and General elections) and <br /> ---- <br />