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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 />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 2026 reflect past expenditure levels. In 2020 the City requested proposals <br />for audit services and the 2026 budget reflects these audit costs. <br />BUDGET: <br />FINANCIAL ADMINISTRATION <br />DEPARTMENT 41500 <br />12/17/2024 <br />11 /30/2025 <br />12/16/2025 <br />ACCT. <br />2022 <br />2023 <br />2024 <br />2025 <br />2025 <br />2026 <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 />AUDITING SERVICES <br />8,000 <br />13,500 <br />14,000 <br />13,000 <br />15,972 <br />17,000 <br />30.77% <br />329 <br />FINANCIAL SERVICES <br />33,408 <br />33,327 <br />21,993 <br />36,000 <br />15,094 <br />30,000 <br />-16.67% <br />330 <br />CREDIT CARD FEES <br />1,184 <br />847 <br />819 <br />1,100 <br />675 <br />1,100 <br />0.00% <br />334 <br />COMPUTER SERVICES <br />1,857 <br />1,949 <br />2,780 <br />2,800 <br />5,594 <br />4,000 <br />42.86% <br />309 <br />MISCELLANEOUS EXPENSE <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />TOTAL OTHER SERVICES & CHARGES <br />$44.449 <br />$49,623 <br />$39,592 <br />$52,900 <br />$37,335 <br />$52,100 <br />-1.51% <br />TOTAL FINANCIAL ADMINISTRATION <br />$44,449 <br />$49,623 <br />$39,592 <br />$52,900 <br />$37.335 <br />$52,100 <br />-1.51% <br />17 <br />