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CITY OF ARDEN HILLS, MINNESOTA 2026 BUDGET Function: General Government Fund # 101 Activity: Finance Activity # 41500 Activity Scope Conducts the financial affairs of the City in accordance with the Government Accounting Standards Board (GASB) and Generally Accepted Accounting Principles (GAAP). This includes protecting the assets of the City, the initiation of financial plans, investment and debt management, review and implementation of internal controls, and accounting for financial transactions including accounts payable, accounts receivable and payroll. Objectives 1. Continue working to refine the financial management plan for the City. 2. Continue to produce an Annual Comprehensive Financial Report (ACFR) and reports for the public (Popular Annual Finance Report - PAFR) that receive the GFOA's award for excellence in reporting. 3. Provide meaningful and timely financial reports and information to Council, Commissions and other City Departments. Issues 1. Implement improved reporting procedures to inform Council, Commissions and Departments. 2. Work with other Departments to find ways to reduce costs of City operations. 3. Analyze and implement ways to reduce transaction processing and costs. Budget Commentary This budget increased by 6.5% in 2026 or $14,328. The increase in personnel services is due to step, COLA, and insurance benefit increases. The increase in Contractual Services is due to server migration costs for the City's ERP System, Spingbrook. 2023 2024 2025 2026 Budget Summary ACTUAL ACTUAL BUDGET BUDGET Personnel Services Commodities Contractual Services Total Percent Change $ 73,619 $ 76,769 $ 106,890 $ 112,690 11,505 9,815 12,000 12,000 75,916 76,491 101,866 110,394 ZP 10 1 ,U4U Z� I 03,U / D 1� LLU, I Do ZoD,U0,+ 1.3% 35.4% 6.5% Full -Time Equivalent positions 0.58 0.59 0.77 0.77 Expenditures by Classification