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Attachment B
<br />CITY OF ARDEN HILLS
<br />STATEMENT OF REVENUES AND EXPENDITURES
<br />GENERALFUND
<br />FOR THE THREE MONTHS ENDED MARCH 31
<br />2024
<br />2023
<br />%of
<br />%of
<br />Budget
<br />YTD
<br />Budget
<br />Budget
<br />YTD
<br />Budget
<br />REVENUES
<br />$ 4,638,460
<br />$ -
<br />0.0%
<br />Taxes
<br />$ 4,078,390 $
<br />-
<br />0.0%
<br />552,020
<br />$ 122,486
<br />22.2%
<br />Licenses and permits
<br />511,730 $
<br />148,442
<br />29.0%
<br />175,970
<br />$ 56,825
<br />32.3%
<br />Intergovernmental
<br />171,370 $
<br />53,178
<br />31.0%
<br />489,490
<br />$ 158,187
<br />32.3%
<br />Charges for services
<br />525,550 $
<br />152,609
<br />29.0%
<br />19,250
<br />$ 5,460
<br />28.4%
<br />Fines and forfeits
<br />23,190 $
<br />4,291
<br />18.5%
<br />3,090
<br />$ -
<br />0.0%
<br />Special assessments
<br />3,350 $
<br />-
<br />0.0%
<br />50,000
<br />$ 11,875
<br />23.7%
<br />Investment earnings
<br />42,500 $
<br />11,188
<br />26.3%
<br />10,920
<br />$ 15,849
<br />145.1%
<br />Miscellaneous
<br />13,340 $
<br />1,229
<br />9.2%
<br />5,939,200
<br />370,681
<br />6.2%
<br />TOTAL REVENUES
<br />5,369,420
<br />370,937
<br />6.9%
<br />EXPENDITURES
<br />88,370
<br />34,708
<br />39.3%
<br />Mayor & Council
<br />56,850
<br />13,772
<br />24.2%
<br />499,730
<br />93,537
<br />18.7%
<br />Administration
<br />434,230
<br />79,699
<br />18.4%
<br />40,300
<br />-
<br />0.0%
<br />Elections
<br />33,200
<br />6,851
<br />20.6%
<br />191,810
<br />53,343
<br />27.8%
<br />Finance
<br />191,550
<br />59,747
<br />31.2%
<br />114,900
<br />21,472
<br />18.7%
<br />TCAAP
<br />90,450
<br />18,382
<br />20.3%
<br />324,940
<br />60,183
<br />18.5%
<br />Planning & Zoning
<br />281,080
<br />44,336
<br />15.8%
<br />232,900
<br />57,491
<br />24.7%
<br />Government Buildings
<br />223,910
<br />55,166
<br />24.6%
<br />1,585,240
<br />395,559
<br />25.0%
<br />Public Safety
<br />1,453,280
<br />362,570
<br />24.9%
<br />70,390
<br />11,732
<br />16.7%
<br />Dispatch
<br />68,740
<br />11,456
<br />16.7%
<br />833,930
<br />416,966
<br />50.0%
<br />Fire Protection
<br />751,180
<br />375,589
<br />50.0%
<br />9,260
<br />1,265
<br />13.7%
<br />Emergency Management
<br />6,830
<br />1,290
<br />18.9%
<br />396,120
<br />82,977
<br />20.9%
<br />Protective Inspections
<br />375,770
<br />87,651
<br />23.3%
<br />853,380
<br />98,653
<br />11.6%
<br />Street Maintenance
<br />799,080
<br />122,297
<br />15.3%
<br />241,970
<br />35,287
<br />14.6%
<br />Recreation
<br />237,770
<br />34,218
<br />14.4%
<br />588,030
<br />116,912
<br />19.9%
<br />Park Maintenance
<br />545,590
<br />96,562
<br />17.7%
<br />50,000
<br />-
<br />0.0%
<br />Transfers Out
<br />-
<br />-
<br />N/A
<br />6,121,270
<br />1,480,086
<br />24.2%
<br />TOTAL EXPENDITURES
<br />5,549,510
<br />1,369,586
<br />24.7%
<br />$ (182,070)
<br />$ (1,109,405)
<br />609.3%
<br />NET CHANGE IN FUND BALANCE
<br />$ (180,090) $
<br />(998,650)
<br />554.5%
<br />25.0%
<br />Percentage of Year Complete
<br />25.0%
<br />Financial Performance Commentary
<br />Revenues
<br />Tax revenues are collected twice a year.
<br />Licenses & Permits. Liquor
<br />Sales and Permit Revenues are slightly lower from 2023.
<br />Miscellaneous.
<br />Fire Hydrant Reimbursement.
<br />Expenditures
<br />Salaries & Benefits. Increases across departments due to COLA and insurance increases.
<br />Mayor & Council. Full Year
<br />cost in 2024 for Northeast Youth &
<br />Family Services contract, 2023
<br />billed at 75%.
<br />Planning & Zoning.
<br />Planner position part-time in March 2023,
<br />transitioned to full-time
<br />in June 2023.
<br />Public Safety/Fire
<br />Protection. Contract increase in line with budget expectations.
<br />Street Maintenance.
<br />Overtime savings due to mild winter.
<br />Park Maintenance. Timing of expenditures.
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