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<br /> I 1 <br /> I- CITY OF ARDEN HILLS <br /> MEMORANDUM <br /> I <br /> I DATE: March 16, 1995 <br /> TO:. Brian Fritsinger, City Administrator <br /> I FROM: .@)Terrance Post, City Accountant <br /> I SUBJECT: February 1995 Operating Results/Commentary <br /> I Enclosed are "General Fund" and "All Funds" budget summaries for the two months ended <br /> February 28, 1995. Following is commentary on significant February transactions: <br /> I General Funds (101) <br /> Revenue- $25,504 was receipted in Intergovernmental Revenue which represents 50% of <br /> I our MSA Maintenance allocation. <br /> Expenditures- The Administrative Office Department monthly spending is disproportionately <br /> I- high because of allocated annual insurance premium costs (liability $21,494 and <br /> worker's comp $6605). <br /> I The Police and Animal Control Department YTD spending reflects three months <br /> (January, February, March) of contract payment cost ($134,850) to the Ramsey <br /> County Sheriff Department. <br /> I Other Funds <br /> Utility Funds- The negative revenue amounts in both the current month and YTD columns <br /> I reflect a reversal of the 12/31/94 accrued fourth quarter 1994 utility receivable. <br /> Our first quarter collections of this billing have been less than the amount billed. <br /> I If you have any questions on the enclosed financial data or the comments above, do not hesitate <br /> to discuss them with me. <br /> I <br /> I <br /> I <br /> I- <br /> I <br />