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CITY OF ARDEN HILLS, MINNESOTA 2026 BUDGET <br /> Function: General Government Fund# 101 <br /> Activity: Finance Activity# 41500 <br /> Activity Scope <br /> Conducts the financial affairs of the City in accordance with the Government Accounting Standards Board (GASB) <br /> and Generally Accepted Accounting Principles (GAAP). This includes protecting the assets of the City, the <br /> initiation of financial plans, investment and debt management, review and implementation of internal controls, and <br /> accounting for financial transactions including accounts payable,accounts receivable and payroll. <br /> Objectives <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 /> Issues <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 /> Budget Commentary <br /> This budget increased by 6.7% in 2026 or$14,758.The increase in personnel services is due to step, COLA, and <br /> insurance benefit increases.The increase in Contractual Services is due to server migration costs for the City's <br /> ERP System,Spingbrook. <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 /> 8% <br /> o Personnel Services <br /> 0 Commodities <br /> o Contractual Services <br /> 5% <br /> 8 <br />