SHAWNEE COUNTY GENERAL FUND ANNUAL FINANCIAL REPORT
12/31/2015
FINANCIAL REPORT A financial summary of 2015
SHAWNEE COUNTY GENERAL FUND ANNUAL FINANCIAL REPORT
SHAWNEE COUNTY GENERAL FUND ANNUAL FINANCIAL REPORT 2015
INTRODUCTION The following financial report provides an analysis of the 12 months of the 2015 calendar year. The information contained in this report is based on unaudited budgetary financial statements of the general fund and excludes adjustments that may be required by the County’s auditors at a later date. This report provides a summary of revenues and expenditures of the County for the calendar year of 2015. Comparative analysis will also be provided for the major revenue and expenditure categories including comparisons to budgeted and prior year amounts for the same time period.
REVENUE HIGHLIGHTS This section will show revenues received by the County during 2015. These revenues will be compared to the budgeted amount for the same time period and the amount received during the prior year for the same time period. The Shawnee County General Fund received total revenue and transfers in of $101,490,400 during 2015. This represents 2.64% over the budgeted amount for this period.
TOTAL REVENUE $120,000,000 $100,000,000
Other Revenue
$80,000,000
Other Taxes
$60,000,000 $40,000,000
Property Taxes
$20,000,000 $-
2015 $101,490,400
BUDGET $98,877,708
2014 $104,680,013
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SHAWNEE COUNTY GENERAL FUND ANNUAL FINANCIAL REPORT
Property Taxes (Ad Valorem Taxes) Property (Ad Valorem) Tax is the largest single revenue source available to Kansas Counties. This revenue is derived from taxes levied on real property, personal property and state assessed property. The Shawnee County Appraiser’s office values real and personal property and the State of Kansas assigns values to state assessed property such as utilities. Property Taxes represented approximately 72% of the County’s revenue in 2015.
$80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $-
2015 $72,890,738
The largest portion of Ad Valorem taxes are received in January and June when real estate taxes are distributed to the taxing authorities.
BUDGET $72,421,289
2014 $72,464,045
Other Taxes Other taxes include the following:
$14,000,000 $12,000,000
• • • • • • • •
$10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $-
2015 $13,250,402
BUDGET $12,011,055
2014 $12,058,924
Motor Vehicle Tax RV Tax Local Alcohol Liquor Tax Highway Tax Franchise Tax 1620 Truck Tax Special Assessments Other Misc. Taxes
Other Revenue Other revenue includes the following: •
•
•
Property Related Fees such as Mortgage Registration Tax, Register of Deeds filing fees, Zoning Fees, Planning Fees Charges for Services including Parks and Recreation fees, Detention Facility Care of Prisoner fees, Sheriff process fees, County Officer Fees and other miscellaneous fees Miscellaneous other revenue
$25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $-
2015 $15,349,260
BUDGET $14,445,365
2014 $20,157,045
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SHAWNEE COUNTY GENERAL FUND ANNUAL FINANCIAL REPORT
EXPENDITURE HIGHLIGHTS 2015 expenditures and transfers out for the Shawnee County General Fund totaled $95,034,040, which is 2.91% under budget for the calendar year.
TOTAL EXPENDITURES DEBT SERVICE
$100,000,000 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0
PARKS & REC PUBLIC WORKS ADMIN. SERVICES PUBLIC HEALTH 2015 $95,034,040
BUDGET $97,877,708
PUBLIC SAFETY
2014 $92,538,931
The following information shows Shawnee County expenditures by category. CATEGORY PUBLIC SAFETY PUBLIC HEALTH ADMIN. SERVICES PUBLIC WORKS PARKS & REC DEBT SERVICE
2015 $
$
41,987,943 9,691,377 10,546,965 9,908,613 14,973,294 7,925,848 95,034,040
BUDGET $
$
42,412,225 9,652,173 11,483,979 9,983,978 14,981,253 9,364,100 97,877,708
2014 $
$
39,759,244 9,549,741 10,241,841 9,120,211 15,410,637 8,457,257 92,538,931
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SHAWNEE COUNTY GENERAL FUND ANNUAL FINANCIAL REPORT
This pie chart displays the expenditure categories based on their percentage of total County Expenditures
2015 EXPENDITURES
PARKS & REC 16% PUBLIC WORKS 11%
DEBT SERVICE 8%
ADMIN. SERVICES 11%
PUBLIC SAFETY 44% PUBLIC HEALTH 10%
GENERAL FUND BALANCE The General Fund is the primary operating fund of the County. It accounts for the financial resources of the general government, except those required to be accounted for separately. The General Fund is also used to account for payments made for principal and interest on general long-term debt of the County. The General Fund Balance represents the unencumbered balance of general operating funds on a budgetary basis. Bond rating services generally recommend a general fund balance of 18-20% of budgeted expenditures to present a healthy level of reserves. It is the goal of the Board of County Commissioners to steadily increase this balance to the recommended level.
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SHAWNEE COUNTY GENERAL FUND ANNUAL FINANCIAL REPORT
This chart shows the General Fund Balance at the end of years 2003-2015 and the estimate for the end of 2016. The recommended level is shown as 19% of expenditures.
General Fund Reserves 35,000,000 30,000,000 25,000,000 Reserves
20,000,000 15,000,000
Target Minimum
10,000,000 5,000,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Est 2016
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