HomeMy WebLinkAbout2015 Arden Hills Audit PresentationCITY OF ARDEN HILLS
AUDIT REPORT
YEAR ENDED DECEMBER 31, 2015
Aaron J. Nielsen, CPA
Opinion on Financial Statements
Financial statements are fairly presented in accordance
with accounting principles generally accepted in the
United States of America
Internal Controls and Compliance
Financial Statement Audit
MN Legal Compliance Audit
AUDITOR’S ROLE
Basic Financial Statements
Unmodified or clean opinion – Emphasis of
Matter paragraph for new pension standard
implemented.
Special Purpose Audit Reports
Reports on Internal Controls and Compliance
Based on Financial Statement Audit
Report on Compliance with State Laws
AUDIT OPINIONS AND FINDINGS
I/C and Compliance – Financial Statement
Audit
We reported no deficiencies we consider to be
material weaknesses and no instances of
noncompliance.
Minnesota Legal Compliance Audit
We reported no findings based on our testing of
compliance with Minnesota laws and regulations.
AUDIT OPINIONS AND FINDINGS
ESTIMATED MARKET VALUE
TAX CAPACITY RATES
Rates expressed as a percentage of net tax capacity
2014 2015 2014 2015 2014 2015
Average tax rate
City 48.8 46.9 46.0 43.4 28.0 27.3
County 47.6 44.7 46.6 42.9 63.7 58.9
School 28.9 27.1 30.9 28.3 29.2 27.0
Special taxing 7.3 6.9 9.5 8.8 9.8 9.2
Total 132.6 125.6 133.0 123.4 130.7 122.4
Arden Hills
City ofAll Cities
State-Wide
Seven-County
Metro Area
REVENUE PER CAPITA
Year 2013 2014 2015
Population 2,500–10,000 10,000–20,000 20,000–100,000 9,750 9,652 9,876
Property taxes 427$ 396$ 427$ 317$ 333$ 324$
Tax increments 26 37 46 48 59 71
Franchise and other taxes 32 42 37 10 11 7
Special assessments 59 51 64 39 32 92
Licenses and permits 28 27 41 39 34 53
Intergovernmental revenues 298 264 166 32 146 141
Charges for services 105 82 90 42 41 50
Other 66 72 65 (1) 69 71
Total revenue 1,041$ 971$ 936$ 526$ 725$ 809$
City of Arden Hills
Governmental Funds Revenue per Capita
With State-Wide Averages by Population Class
State-Wide
December 31, 2014
EXPENDITURES PER CAPITA
Year 2013 2014 2015
Population 2,500–10,000 10,000–20,000 20,000–100,000 9,750 9,652 9,876
Current
131$ 104$ 87$ 108$ 120$ 116$
248 237 254 183 189 194
121 119 114 40 60 34
86 101 92 69 67 58
69 89 98 9 30 25
655 650 645 409 466 427
Capital outlay
and construction 357 278 276 164 223 684
Debt service
180 163 115 27 28 28
54 40 34 2 2 –
234 203 149 29 30 28
Total expenditures 1,246$ 1,131$ 1,070$ 602$ 719$ 1,139$
Interest and fiscal
General government
Public safety
Public works
Parks and recreation
Governmental Funds Expenditures per Capita
With State-Wide Averages by Population Class
City of Arden HillsState-Wide
All other
Principal
December 31, 2014
GOVERNMENTAL FUNDS
Increase
2015 2014 (Decrease)
Fund balances of governmental funds
Total by classification
Nonspendable 24,828$ 21,454$ 3,374$
Restricted 675,052 917,300 (242,248)
Committed 449,898 471,161 (21,263)
Assigned 4,154,395 7,485,899 (3,331,504)
Unassigned 2,590,409 2,034,269 556,140
Total governmental funds 7,894,582$ 10,930,083$ (3,035,501)$
Total by fund
General 3,082,410$ 2,345,942$ 736,468$
EDA Operating 286,609 310,687 (24,078)
Tax Increment Bonds – – –
Equipment, Building, and Replacement (180,505) (63,517) (116,988)
Permanent Improvement Revolving 3,740,481 7,090,959 (3,350,478)
Other governmental funds 965,587 1,246,012 (280,425)
Total governmental funds 7,894,582$ 10,930,083$ (3,035,501)$
as of December 31,
Governmental Fund Change in Fund Balance
Fund Balance
GENERAL FUND FINANCIAL POSITION
GENERAL FUND REVENUES
GENERAL FUND REVENUES (CONT.)
GENERAL FUND EXPENDITURES
GENERAL FUND EXPENDITURES (CONT.)
ENTERPRISE FUNDS
Increase
2015 2014 (Decrease)
Net position of enterprise funds
Total by classification
Investment in capital assets 16,167,536$ 14,464,713$ 1,702,823$
Unrestricted 238,381 1,793,112 (1,554,731)
Total enterprise funds 16,405,917$ 16,257,825$ 148,092$
Total by fund
Water 7,320,729$ 7,249,692$ 71,037$
Sewer 5,406,329 5,440,704 (34,375)
Surface Water Management 3,595,092 3,498,518 96,574
Nonmajor Recycling 83,767 68,911 14,856
Total enterprise funds 16,405,917$ 16,257,825$ 148,092$
Enterprise Funds Change in Financial Position
Net Position
as of December 31,
WATER FUND
SEWER FUND
SURFACE WATER
MANAGEMENT FUND
RECYCLING FUND