Laserfiche WebLink
CITY OF ARDEN HILLS, MINNESOTA <br />Function:General Government 101 <br />Activity:Finance 41500 <br /> <br />Activity Scope <br />Objectives <br />Issues <br />Budget Commentary <br />2023 2024 2025 2026 <br />Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services 73,619$ 76,769$ 106,890$ 113,120$ <br />Commodities 11,505 9,815 12,000 12,000 <br />Contractual Services 75,916 76,491 101,866 110,394 <br />Total 161,040$ 163,075$ 220,756$ 235,514$ <br />Percent Change 1.3% 35.4% 6.7% <br />Full-Time Equivalent positions 0.58 0.59 0.77 0.77 <br />Expenditures by Classification <br />This budget increased by 6.7% in 2026 or $14,758. The increase in personnel services is due to step, COLA, <br />and insurance benefit increases. The increase in Contractual Services is due to server migration costs for the <br />City's ERP System, Spingbrook. <br />2026 BUDGET <br /> Fund # : <br />Activity # : <br />Conducts the financial affairs of the City in accordance with the Government Accounting Standards Board <br />(GASB)and Generally Accepted Accounting Principles (GAAP). This includes protecting the assets of the City, <br />the initiation of financial plans, investment and debt management, review and implementation of internal <br />controls, and accounting for financial transactions including accounts payable, accounts receivable and payroll. <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 />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 />48% <br />5% <br />47% <br />Personnel Services <br />Commodities <br />Contractual Services <br />9