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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 City's audit contract includes a 4.95% increase for the 2013 audit. <br />The amount budgeted for accounting services from White Bear Township is decreased based on time <br />billed for providing the service over the past several years. <br />BUDGET: <br />DEPARTMENT 41500 <br />11/19/2013 <br />11/19/2013 <br />ACCT. <br />2010 <br />2011 <br />2012 <br />2013 <br />10/14/13 <br />2014 <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 />OFFICESUPPLIES <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 />000% <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 />AUDTFING SERVICES <br />9,007 <br />8,135 <br />8,320 <br />8,480 <br />8,480 <br />8,900 <br />4.95% <br />329 <br />FINANCIAL SERVICES <br />28,137 <br />28,444 <br />22,904 <br />30,000 <br />15,237 <br />28,000 <br />-6.67% <br />334 <br />COMPUTER SERVICES <br />0 <br />0 <br />243 <br />600 <br />796 <br />1,000 <br />66.67% <br />309 <br />MISCELLANEOUS EXPENSE <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />000% <br />TOTAL OTHER SERVICES & CHARGES <br />$37,144 <br />$36,679 <br />$31,467 <br />$39,080 <br />$24,513 <br />$37,900 <br />-3.02% <br />TOTAL FINANCIAL ADMINISTRATION $37,144 $36,579 $31,467 $39,080 $24,513 $37,900 -302% <br />18 <br />