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CITY OF ARDEN HILLS, MINNESOTA 2025 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 (GASB) <br />and Generally Accepted Accounting Principles (GAAP). This includes protecting the assets of the City, the <br />initiation of financial plans, investment and debt management, review and implementation of internal controls, and <br />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 13.0% in 2025 or $24,906. The increase in personnel services is due to step, COLA, <br />insurance benefit increases. <br />2022 <br />2023 <br />2024 <br />2025 <br />Budget Summary <br />ACTUAL <br />ACTUAL <br />BUDGET <br />BUDGET <br />Personnel Services <br />$ 62,080 <br />$ 73,619 <br />$ 84,850 <br />$ 106,250 <br />Commodities <br />10,477 <br />11,505 <br />15,000 <br />12,000 <br />Contractual Services <br />71,156 <br />75,916 <br />91,960 <br />96,376 <br />Total <br />$ 143,713 <br />$ 161,040 <br />$ 191,810 <br />$ 214,626 <br />Percent Change <br />12.1 % <br />19.1 % <br />11.9% <br />Full -Time Equivalent positions <br />0.47 <br />0.58 <br />0.62 <br />0.80 <br />Expenditures by Classification <br />9% <br />oPersonnel Services <br />45% o Commodities <br />oContractual Services <br />6% <br />