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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 />2022 2023 2024 2025 <br />Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services 62,080$ 73,619$ 84,850$ 106,350$ <br />Commodities 10,477 11,505 15,000 12,000 <br />Contractual Services 71,156 75,916 91,960 96,376 <br />Total 143,713$ 161,040$ 191,810$ 214,726$ <br />Percent Change 12.1% 19.1% 11.9% <br />Full-Time Equivalent positions 0.47 0.58 0.62 0.80 <br />Expenditures by Classification <br />This budget increased by 13.0% in 2025 or $24,906. The increase in personnel services is due to step, COLA, <br />insurance benefit increases. <br />2025 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 controls, <br />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 />49% <br />6% <br />45% <br />Personnel Services <br />Commodities <br />Contractual Services