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Attachment B
<br />CITY OF ARDEN HILLS
<br />STATEMENT OF REVENUES AND EXPENDITURES
<br />GENERAL FUND
<br />FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024
<br />YTD
<br />YTD
<br />YTD
<br />9/30 YTD
<br />Annual
<br />Through
<br />% of
<br />Through
<br />2024
<br />Budget
<br />09/30/24
<br />Budget
<br />09/30/23
<br />vs 2023
<br />REVENUES
<br />$ 4,638,460 $
<br />2,301,334
<br />49.6%
<br />Taxes $
<br />2,094,193
<br />$ 207,141
<br />552,020
<br />363,399
<br />65.8%
<br />Licenses and permits
<br />368,761
<br />(5,362)
<br />175,970
<br />116,870
<br />66.4%
<br />Intergovernmental
<br />106,355
<br />10,515
<br />489,490
<br />293,285
<br />59.9%
<br />Charges for services
<br />276,515
<br />16,770
<br />19,250
<br />18,419
<br />95.7%
<br />Fines and forfeits
<br />17,721
<br />698
<br />3,090
<br />-
<br />0.0%
<br />Special assessments
<br />-
<br />-
<br />50,000
<br />42,718
<br />85.4%
<br />Investment earnings
<br />80,023
<br />(37,305)
<br />10,920
<br />6,624
<br />60.7%
<br />Miscellaneous
<br />6,188
<br />436
<br />5,939,200
<br />3,142,650
<br />52.9%
<br />TOTAL REVENUES
<br />2,949,756
<br />192,893
<br />EXPENDITURES
<br />88,370
<br />66,045
<br />74.7%
<br />Mayor & Council
<br />58,922
<br />(7,123)
<br />499,730
<br />382,194
<br />76.5%
<br />Administration
<br />325,908
<br />(56,286)
<br />40,300
<br />18,440
<br />45.8%
<br />Elections
<br />24,206
<br />5,766
<br />191,810
<br />154,735
<br />80.7%
<br />Finance
<br />180,321
<br />25,585
<br />114,900
<br />98,366
<br />85.6%
<br />TCAAP
<br />57,740
<br />(40,626)
<br />324,940
<br />203,693
<br />62.7%
<br />Planning & Zoning
<br />159,236
<br />(44,457)
<br />232,900
<br />166,645
<br />71.6%
<br />Government Buildings
<br />166,147
<br />(497)
<br />1,585,240
<br />1,187,128
<br />74.9%
<br />Public Safety
<br />1,089,232
<br />(97,897)
<br />70,390
<br />46,929
<br />66.7%
<br />Dispatch
<br />45,825
<br />(1,105)
<br />833,930
<br />833,933
<br />100.0%
<br />Fire Protection
<br />751,177
<br />(82,756)
<br />9,260
<br />4,294
<br />46.4%
<br />Emergency Management
<br />6,837
<br />2,543
<br />396,120
<br />241,258
<br />60.9%
<br />Protective Inspections
<br />272,273
<br />31,015
<br />853,380
<br />574,845
<br />67.4%
<br />Street Maintenance
<br />538,867
<br />(35,978)
<br />241,970
<br />146,331
<br />60.5%
<br />Recreation
<br />132,074
<br />(14,256)
<br />588,030
<br />402,512
<br />68.5%
<br />Park Maintenance
<br />376,368
<br />(26,144)
<br />50,000
<br />-
<br />0.0%
<br />Transfers Out
<br />171,140
<br />171,140
<br />6,121,270
<br />4,527,348
<br />74.0%
<br />TOTAL EXPENDITURES
<br />4,356,273
<br />(171,075)
<br />$ (182,070) $
<br />(1,384,698)
<br />760.5%
<br />NET CHANGE IN FUND BALANCE $
<br />(1,406,517)
<br />$ 21,818
<br />75.0%
<br />Percentage of Year Complete
<br />Year -to -Date Financial Performance
<br />Revenues
<br />Expenditures
<br />Tax revenues are collected twice a year.
<br />Licenses & Permits. Liquor Sales and Permit Revenues are down from 2023. Fewer development projects in 2024.
<br />Intergovernmental. MSA for Streets slightly higher than 2023.
<br />Charges for Services. Summer playground fees, false alarms, and water tower rentals slightly higher than 2023.
<br />Salaries & Benefits. Increases across departments due to COLA and insurance increases.
<br />Mayor & Council. Full Year cost in 2024 for Northeast Youth & Family Services contract, 2023 billed at 75%.
<br />Administration. Legal fees, DDA Comp Study, Deputy Clerk Separation Agreement.
<br />Finance. Supplies & Rentals down from2023.
<br />TCAAP. Kimley-Horn AUAR and Traffic Updates.
<br />Planning & Zoning. Planner position part-time in March 2023, transitioned to full-time in June 2023, legal fees sligi
<br />Public Safety/Fire Protection. Contract increase in line with budget expectations. Full Year Fire contract paid in 1st
<br />Protective Inspections. Electrical inspections down from 2023.
<br />Street Maintenance. Resurfacing & Sealcoating road projects offset by Overtime and Salt/Sand savings due to milc
<br />Park Maintenance. Tree/Weed Services and Repairs/Maintenance higher than 2023.
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