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Financial Administration <br />General Fund <br />ACTIVITY DESCRIPTION: <br />Financial administration is provided through a contract with White Bear Township. The contract <br />includes accounting for every financial transaction of the City including accounts payable, accounts <br />receivable, cash and debt management, and utility billing. In addition, the City contracts with a public <br />accounting firm for audit services each year. <br />GOALS: <br />1. Provide meaningful and timely financial information and reports. <br />2. Complete the financial audit in a timely fashion. <br />3. Coordinate the City's annual budget process. <br />BUDGET COMMENTARY: <br />The amounts budgeted in 2025 reflect past expenditure levels. In 2020 the City requested proposals <br />for audit services and the 2025 budget reflects these audit costs. <br />BUDGET: <br />FINANCIAL ADMINISTRATION <br />DEPARTMENT 41500 <br />12/19/2023 12/11 /2024 12/17/2024 <br />ACCT. 2021 2022 2023 2024 2024 2025 % <br /># ACCOUNT DESCRIPTION ACTUAL ACTUAL ACTUAL ADOPTED ACTUAL ADOPTED CHANGE <br />PERSONNEL SERVICES <br />SUPPLIES <br />200 OFFICE SUPPLIES <br />250 SALES TAX <br />$0 $0 $0 $0 $0 $0 0.00% <br />0 0 0 0 0 0 0.00% <br />TOTAL SUPPLIES $0 $0 $0 $0 $0 $0 0.00% <br />OTHER SERVICES & CHARGES <br />308 <br />ADMINISTRATION <br />0 <br />0 <br />0 <br />0 <br />1,250 <br />0 <br />0.00% <br />301 <br />AUDITING SERVICES <br />12,867 <br />8,000 <br />13,500 <br />12,000 <br />14,000 <br />13,000 <br />8.33% <br />329 <br />FINANCIAL SERVICES <br />29,884 <br />33,408 <br />33,327 <br />35,000 <br />20,543 <br />36,000 <br />2.86% <br />330 <br />CREDIT CARD FEES <br />0 <br />1,184 <br />847 <br />1,300 <br />594 <br />1,100 <br />-15.38% <br />334 <br />COMPUTER SERVICES <br />1,799 <br />1,857 <br />1,949 <br />2,500 <br />2,215 <br />2,800 <br />12.00% <br />309 <br />MISCELLANEOUS EXPENSE <br />37 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />TOTAL OTHER SERVICES & CHARGES <br />$44,587 <br />$44,449 <br />$49,623 <br />$50,800 <br />$38,602 <br />$52,900 <br />4.13% <br />TOTAL FINANCIAL ADMINISTRATION $44,587 $44,449 $49,623 $50,800 $38,602 $52,900 4.13% <br />17 <br />