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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 6.5% in 2026 or $14,438. The increase in personnel services is due to step, COLA, and <br />insurance benefit increases. The increase in Contractual Services is due to server migration costs for the City's <br />ERP System, Spingbrook. <br />Budget Summary <br />Personnel Services <br />Commodities <br />Contractual Services <br />Total <br />Percent Change <br />Full -Time Equivalent positions <br />Expenditures by Classification <br />2023 <br />2024 <br />2025 <br />2026 <br />ACTUAL <br />ACTUAL <br />BUDGET <br />BUDGET <br />$ 73,619 <br />$ 76,769 <br />$ 106,890 <br />$ 112,800 <br />11,505 <br />9,815 <br />12,000 <br />12,000 <br />75,916 <br />76,491 <br />101,866 <br />110,394 <br />$ 161,040 <br />$ 163,075 <br />$ 220,756 <br />$ 235,194 <br />1.3% <br />35.4% <br />6.5% <br />nFR <br />nra <br />n77 <br />n77 <br />8% <br />o Personnel Services <br />0 Commodities <br />o Contractual Services <br />5% <br />8 <br />