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Attachment C
<br />CITY OF ARDEN HILLS
<br />OTHER GOVERNMENTAL FUNDS BUDGET SUMMARY
<br />FOR THE
<br />NINE MONTHS ENDED SEPTEMBER 30, 2024
<br />BEGINNING
<br />FUND
<br />FUND BALANCE REVENUES
<br />EXPENDITURES
<br />NET CHANGE
<br />Cable TV
<br />Budget
<br />806
<br />144,500
<br />(142,010)
<br />3,296
<br />Actual
<br />44,274
<br />(105,123)
<br />(60,848)
<br />%of Budget
<br />30.6%
<br />74.0%
<br />EDA General
<br />Budget
<br />713,987
<br />100,000
<br />(88,340)
<br />725,647
<br />Actual
<br />76,040
<br />(55,650)
<br />20,390
<br />%of Budget
<br />76.0%
<br />63.0%
<br />EDA Revolving
<br />Budget
<br />-
<br />-
<br />-
<br />-
<br />Actual
<br />-
<br />% of Budget
<br />N/A
<br />N/A
<br />TIF 3 Cottage Villas
<br />Budget
<br />821,150
<br />-
<br />(1,900)
<br />819,250
<br />Actual
<br />8,967
<br />(1,457)
<br />7,510
<br />%of Budget
<br />N/A
<br />76.7%
<br />TIF 4 Pres Homes
<br />Budget
<br />650,555
<br />(1,900)
<br />648,655
<br />Actual
<br />(8,807)
<br />(225,697)
<br />(234,504)
<br />%of Budget
<br />N/A
<br />11878.8%
<br />TIF 5 TCAAP
<br />Budget
<br />(24,701)
<br />(1,900)
<br />(26,601)
<br />Actual
<br />(1,348)
<br />(1,348)
<br />%of Budget
<br />N/A
<br />70.9%
<br />Equipment & Building
<br />Budget
<br />383,682
<br />609,000
<br />(510,150)
<br />482,532
<br />Actual
<br />174,736
<br />(172,426)
<br />2,310
<br />%of Budget
<br />28.7%
<br />33.8%
<br />Park
<br />Budget
<br />197,649
<br />-
<br />(32,000)
<br />165,649
<br />Actual
<br />14,925
<br />(5,115)
<br />9,810
<br />%of Budget
<br />N/A
<br />16.0%
<br />PIR
<br />Budget
<br />5,605,204
<br />1,557,661
<br />(2,742,920)
<br />4,419,945
<br />Actual
<br />711,182
<br />(3,200,414)
<br />(2,489,233)
<br />% of Budget
<br />45.7%
<br />116.7%
<br />Public Safety Capital Equipment
<br />Budget
<br />367,950
<br />60,000
<br />(522,850)
<br />(94,900)
<br />Actual
<br />40,809
<br />(273,511)
<br />(232,703)
<br />%of Budget
<br />68.0%
<br />52.3%
<br />TCAAP
<br />Budget
<br />(194,879)
<br />-
<br />-
<br />(194,879)
<br />Actual
<br />% of Budget
<br />N/A
<br />N/A
<br />Cable TV. Franchise revenues are receipted quarterly, in the month following the end of the quarter (Apr, Jul, Oct, Jan).
<br />EDA. Tax revenues are collected twice a year (Jul, Dec). Member City Grant $18,390; Interest Earnings $7.6K.
<br />TIF. TIF note for TIF #4 Presbyterian Homes has been paid in full; Final End of District Payment $224K.
<br />Equipment & Building. Transfers from General Fund are normally completed during the 4th quarter.
<br />Park. Donations from Arden Hills Foundation $6.2K.
<br />PIR. Timing of project expenditures. Major project expenditures YTD - 2024 PMP $2.2M and Arden Manor $0.7M.
<br />TIF #255 & TCAAP. Fund deficits will be eliminated with future contributions, grants, and internal fund transfers, if needed.
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