|
cityofardenhills.org • July 2025 • 5 cityofardenhills.org • July 2025 • 5
<br />City of Arden Hills Popular Annual Financial Report
<br />
<br />City Departments
<br />Administration: This department provides the overall direction for the City as determined by the City Council. It is responsible for maintaining City records, issuing licenses, administering Council policies, and over-seeing election procedures.
<br />Finance: This department conducts the financial affairs of the City of Arden Hills in accordance with the Governmental Accounting Standards Board (GASB) and the Generally Accepted Accounting Principles (GAAP).
<br />Community Development: This department is responsible for ensuring that laws, ordinances, and zoning codes are enforced. It is also responsible for economic development within the City.
<br />Public Works: This department manages the City ’s infrastructure as it relates to roadways, water, sewer, and surface water management.
<br />Parks & Recreation: This department is responsible for providing recreational activities in the City and maintaining the City’s parks and trails.
<br />General Fund
<br />The City’s General Fund is the largest fund and is also one of the most vital to the City ’s operation. The General Fund
<br />is the primary fund that accounts for everyday general expenditures like street and park maintenance, public safety,
<br />and administrative services. Like most funds, the General Fund relies on the inflow of cash, shown as revenues, and
<br />subsequently the outflow, listed as expenditures.
<br />The City’s total General Fund expenditures for 2024 were $5,777,327 which was $343,943 (5.6%) under the final
<br />budget. Overall, General Fund expenditures increased by $433,810 (8.1%) from 2023. Public Safety costs increased
<br />$120,293 (4.4%) and Public Works costs increased by $33,630 (4.9%). The chart below highlights the amount
<br />funded by each of the City’s functions.
<br />The primary revenue for the General Fund is property taxes. Intergovernmental revenues are items like state or
<br />county aids and grants. For year end 2024, the City’s revenue total was $5,892,355 which was a $538,200 (10.1%)
<br />increase from the previous year. Property taxes increased $659,503 due to increased property tax levy in the cur-
<br />rent year. Licenses & permits decreased 23,155 due to decreased building activity. Investment earnings decreased
<br />46,263 due to market value fluctuations.
<br />City of Arden Hills Popular Annual Financial Report Page 4
<br /> 2022 2023 2024
<br />Property Taxes $3,829,079 $3,963,077 $4,622,580
<br />Special Assessments 0 0 0
<br />Licenses/Permits 830,866 471,742 448,587
<br />Intergovernmental 174,405 167,376 116,870
<br />Charges for Services 476,574 342,339 356,689
<br />Other (4,488) 409,621 347,629
<br />Total General Fund Revenues $5,306,436 $5,354,155 $5,892,355
<br /> 2023 2024 2022
<br />General Government $1,235,704 $1,435,047 $1,077,037
<br />Public Safety 2,704,012 2,824,305 2,546,051
<br />Public Works 682,510 716,140 914,148
<br />Parks & Recreation 721,291 751,835 665,776
<br />Other 0 0 50,000
<br />Total General Fund Expenditures $5,343,517 $5,777,327 $5,203,012
<br />Revenues
<br />Expenditures
<br />Net position is a measure of the City’s net worth, with increases and decreases in net position serving as an indica-
<br />tor of the city’s financial health. The City’s total Net Position increased by $2,032,838 in 2024, $2,192,189 in 2023,
<br />and $1,834,798 in 2022, which indicates positive financial health.
<br />Net Position
|