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CITY OF ARDEN HILLS, MINNESOTA 2026 BUDGET <br />Function: Public Works Fund # 411 <br />Activity: Capital Improvement (PIR) Activity # 48500 <br />Activity Scope <br />This fund was originally established to temporarily finance pavement management projects being partially financed <br />by special assessments or for high cost improvements for which bonds have not been issued. In 2006, the <br />Municipal Land and Buildings Fund, Non -Assessable Road Improvement Fund, and Capital Improvements Fund <br />were consolidated into the PIR Fund. <br />Objectives <br />1. To maintain the City's streets and roadways. <br />2. To maintain City infrastructure. <br />Issues <br />Finding adequate funding resources for the various projects. <br />Budget Commentary <br />The 2026 projects are listed in the proposed five-year capital improvement plan. <br />2023 2024 2025 2026 <br />Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services $ - $ - $ - $ - <br />Commodities - - - - <br />Contractual Services 464,825 214,470 - - <br />CapitalOutlay 344,267 3,916,272 1,162,225 3,096,725 <br />Other Charges - - - - <br />Total $ 809,092 $ 4,130,741 $ 1,162,225 $ 3,096,725 <br />Percent Change 410.5% (-71.9%) 166.4% <br />Expenditures by Classification <br />0% <br />o Personnel Services <br />o Commodities <br />13Contractual Services <br />o Capital Outlay <br />â– Other Charges <br />100% <br />KY: <br />