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Residents receive a variety of City services at an affordable price. The cost of City services in 2016
<br />for the owner of a single-family home in Arden Hills with an assessor’s market value of $300,300
<br />was $63.89 per month. Utilities remain competitively priced in 2016. The value received from City
<br /> services compared favorably to charges of
<br /> other monthly bills.
<br /> Property Tax-Supported Services
<br /> The checkbook shows how the monthly
<br /> cost of property tax-supported services was
<br /> divided among City departments.
<br /> Monthly Cost of Utilities
<br /> Based on an average usage of 4,800 gallons
<br /> per month, monthly cost of utilities for a
<br /> home in Arden Hills was $60.13 in 2016
<br /> (Arden Hills bills on a quarterly basis).
<br />Capital Fund
<br />Check Register
<br /> Description of Transaction Balance
<br />Public Safety $27.18
<br />General Government $16.54
<br />Parks and Recreation $10.11
<br />Public Works $7.22
<br />Capital $ 2.84
<br />Reserves $ 0.00
<br />About this Report
<br />The City of Arden Hills re-
<br />ports financial year-end results
<br />in the Comprehensive Annual
<br />Financial Report (CAFR). The
<br />Popular Annual Financial Re-
<br />port (PAFR) is an unaudited
<br />report that summarizes the
<br />most significant data from the
<br />2016 CAFR, and is consistent
<br />with Generally Accepted Ac-
<br />counting Principles. The re-
<br />port reflects the net tax cost
<br />by service expenditure, devel-
<br />oped by crediting related reve-
<br />nues against appropriate ex-
<br />penditures and allocating local
<br />taxes against the remaining
<br />balance.
<br />For a complete review of the
<br />City’s financial position for
<br />2016, consult the 2016 CAFR
<br />available on the City’s website
<br />at www.cityofardenhills.org,
<br />or from the Finance Depart-
<br />ment at 651.792.7800.
<br />Pavement Management Plan
<br />The City has a program for maintaining the life
<br />of Arden Hills’ streets. The Pavement Man-
<br />agement Program (PMP) identifies, invento-
<br />ries, and tracks street conditions to ensure that
<br />maintenance is done at the appropriate time.
<br />The results are prolonged pavement life and
<br />reduced costs to property owners. The PMP
<br />was initiated to ensure a maintenance program
<br />for Arden Hills’ aging streets. The most re-
<br />cent 2015 PMP area included: the Grant No-
<br />ble and Venus Crystal areas.
<br />Revenues (Assessment, State Aid & Interest)
<br />— $2,947,175
<br />Expenses — $4,739,220
<br />Public Safety Projects
<br />This fund accounts for the City’s share of capi-
<br />tal equipment costs for police and fire.
<br />Revenues (Donations & Interest) — $25,691
<br />Expenses — $47,880
<br />These funds consist of utility
<br />services provided to the com-
<br />munity by the City such as
<br />water, sewer, surface water and
<br />recycling. A comprehensive
<br />rate study was completed in
<br />2008. As a result of that study,
<br />the City changed to a tiered
<br />rate system effective 2009.
<br />Rates were also reviewed and
<br />updated in 2012.
<br />Enterprise Fund
<br />How Tax Dollars Buy City Services
<br />Equipment/Building
<br />Maintenance & Repair
<br />City equipment and buildings are monitored
<br />regularly and replaced/repaired when needed.
<br />Transfers are made from various funds to fund
<br />these expenditures.
<br />Transfer from General &
<br />Enterprise Funds — $280,765
<br />Expenses — $155,798
<br />Parks
<br />This fund was established for park/trail acqui-
<br />sition and development. Revenue for this
<br />fund comes from developer park dedication
<br />fees, contributions, state grants and investment
<br />interest.
<br />Revenues — $0
<br />Expenses — $0
<br />
<br />63.89
<br />January 1, 2016
<br />Homeowner
<br />City Of Arden Hills
<br />Sixty Four and 50/100———————————————
<br />MONTHLY police, fire, street maintenance, parks, programs etc.
<br />Homeowner City of Arden Hills, MN
<br /> YOUR BANK
<br />Arden Hills Ranked Well Against Surrounding Areas
<br />Your tax
<br />dollar is di-
<br />vided up
<br />into several
<br />governmen-
<br />tal entities.
<br />Arden Hills
<br />collects 22
<br />cents of every tax
<br />dollar for City services. The
<br />remaining portions are divided among
<br />Ramsey County, the school district and other agencies.
<br />Area Tax Rates 1
<br />Dividing Up Your
<br />Tax Dollar 1
<br />General Fund 2
<br />Internal Service
<br />Funds 3
<br />Long-Term Debt 3
<br />Special Revenue
<br />Funds 3
<br />Capital Fund 4
<br />Enterprise Funds 4
<br />Monthly Bill 4
<br />Inside this issue:
<br />
<br />Popular Annual Financial Report
<br />To The Community
<br />For the fiscal year ended December 31, 2016
<br />In a 2016 comparison of
<br />nine communities in
<br />Ramsey County, the
<br />average cost of services
<br />on a $300,300 home-
<br />stead in terms of prop-
<br />erty taxes and property
<br />tax aids showed Arden
<br />Hills ranking as one of
<br />the lowest. A $300,300
<br />homestead in Arden
<br />Hills paid $63.89 per
<br />month in property taxes
<br />to the City.
<br />Tax Rate Comparison
<br />Dividing Up Your Property Tax Dollar
<br /> City of Arden Hills, Minnesota Page 1
<br />7¢ Other agencies
<br />49¢ Ramsey County
<br />22¢ City of Arden Hills
<br />22¢ School District
<br /> The General Fund accounts
<br />for revenues and expenses that
<br />provide for basic operations of the
<br />City, i.e., police and fire protec-
<br />tion and street maintenance.
<br /> Special Revenue Funds ac-
<br />count for activities restricted to
<br />specific purposes like economic
<br />development.
<br /> Debt Service Funds track
<br />revenues and expenses related
<br />to repayment of long term debt.
<br /> The Capital Fund collects
<br />revenues from special assess-
<br />ments, state, and county aids
<br />and allots them toward construc-
<br />tion or major capital expenses.
<br /> Enterprise Funds account for
<br />activities that operate as public enter-
<br />prises which are paid for by user
<br />fees, i.e., water, recycling, sewer
<br />and surface water management.
<br /> Internal Service Funds ac-
<br />count for the acquisition, opera-
<br />tion, and maintenance of gov-
<br />ernmental facilities and services,
<br />which are entirely or predomi-
<br />nately self-supporting by user
<br />charges.
<br />August 2017
<br />The City of Arden Hills presents its Popular Annual Financial Report [PAFR]. The purpose of
<br />this report is to inform the community of the City’s financial activity in a simple, easy-to-read for-
<br />mat for the fiscal year ending December 31, 2016. These highlights are based upon the City’s
<br />Comprehensive Annual Financial Report [CAFR] which is a more inclusive, audited document.
<br />Making Cents
<br />In order for Arden Hills to manage the community finances smoothly,
<br />it divides various activities into several different funds.
<br />
<br />Arden Hills’ Six Basic Fund Types
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