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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 2021 reflect past expenditure levels. In 2020 the City requested proposals <br />for audit services and the 2021 budget reflects the new audit costs. <br />BUDGET <br />FINANCIAL ADMINISTRATION <br />DEPARTMENT 41500 <br />12/17/2019 <br />11117/2020 <br />ACCT <br />2018 <br />2019 <br />2020 <br />11/9/20 <br />2021 <br />%n <br /># <br />ACCOUNT DESCRIPTION <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 />s0 <br />$0 <br />$0 <br />0.00% <br />250 <br />SALES TAX <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 />0.00% <br />OTHER SERVICES & CHARGES <br />308 <br />ADMINISTRATION <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />301 <br />AUDITING SERVICES <br />8,300 <br />10,800 <br />12,360 <br />12,865 <br />10,000 <br />-19 09% <br />329 <br />FINANCIAL SERVICES <br />36,912 <br />31,710 <br />28,000 <br />24,316 <br />30.000 <br />7 14% <br />334 <br />COMPUTER SERVICES <br />1.801 <br />1,555 <br />2,000 <br />1,710 <br />2.500 <br />25,00% <br />309 <br />MISCELLANEOUS EXPENSE <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />TOTAL OTHER SERVICES & CHARGES <br />$47,013 <br />$44,065 <br />$42,360 <br />$38.891 <br />$42,500 <br />0.33% <br />TOTAL FINANCIAL ADMINISTRATION <br />$47.013 <br />$44,065 <br />$42,360 <br />$38.891 <br />$42,500 <br />0.33% <br />W <br />