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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 2024 reflect past expenditure levels. In 2020 the City requested proposals <br />for audit services and the 2024 budget reflects these audit costs. <br />BUDGET: <br />FINANCIAL ADMINISTRATION <br />DEPARTMENT 41500 <br />12/19/2023 <br />12/19/2023 <br />ACCT. <br />2020 <br />2021 <br />2022 <br />2023 <br />11/30/23 <br />2024 <br />% <br /># <br />ACCOUNT DESCRIPTION <br />ACTUAL <br />ACTUAL <br />ACTUAL <br />ADOPTED <br />ACTUAL <br />ADOPTED <br />CHANGE <br />PERSONNEL SERVICES <br />SUPPLIES <br />200 <br />OFFICE SUPPLIES <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />0.00% <br />250 <br />SALES TAX <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />TOTAL SUPPLIES <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />0.00% <br />OTHER SERVICES & CHARGES <br />308 <br />ADMINISTRATION <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />301 <br />AUDTING SERVICES <br />12,865 <br />12,867 <br />8,000 <br />11,500 <br />13,500 <br />12,000 <br />4.35% <br />329 <br />FINANCIAL SERVICES <br />30,008 <br />29,884 <br />33,408 <br />31,000 <br />27,491 <br />35,000 <br />12.90% <br />330 <br />CREDIT CARD FEES <br />0 <br />0 <br />1,184 <br />1,200 <br />737 <br />1,300 <br />8.33% <br />334 <br />COMPUTER SERVICES <br />1,710 <br />1,799 <br />1,857 <br />2,000 <br />1,949 <br />2,500 <br />25.00% <br />309 <br />MISCELLANEOUS EXPENSE <br />0 <br />37 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />TOTAL OTHER SERVICES & CHARGES <br />$44,583 <br />$44,587 <br />$44,449 <br />$45,700 <br />$43,677 <br />$50,800 <br />11.16% <br />TOTAL FINANCIAL ADMINISTRATION <br />$44,583 <br />$44,587 <br />$44,449 <br />$45,700 <br />$43,677 <br />$50,800 <br />11.16% <br />17 <br />