Shawnee County Kansas 2018 Annual Financial Report

SHAWNEE COUNTY 2018 ANNUAL FINANCIAL REPORT

12/31/2018

ANNUAL FINANCIAL REPORT A financial summary for the year ended December 31, 2018

SHAWNEE COUNTY 2018 ANNUAL FINANCIAL REPORT

SHAWNEE COUNTY 2018 ANNUAL FINANCIAL REPORT EXECUTIVE SUMMARY INTRODUCTION The following quarterly financial report provides an analysis of the 2018 calendar year. The information contained in this report is based on audited budgetary financial statements.

This report provides a summary of revenues and expenditures of the County for the calendar year of 2018.

Comparative analysis will also be provided for the major revenue and expenditure categories including comparisons to budgeted and prior year amounts.

REVENUE HIGHLIGHTS This section will show revenues received by the County during 2018. These revenues will be compared to the budgeted amount and the amount received during the prior year. Shawnee County received total revenue of $106,249,633 during 2018. This represents 1.21% over the budgeted amount.

$120,000,000 Other Revenue

$100,000,000 $80,000,000 $60,000,000

Other Taxes

$40,000,000 $20,000,000 $-

2018 $106,249,633

BUDGET $105,035,972

2017 $103,726,190

Property Taxes

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SHAWNEE COUNTY 2018 ANNUAL FINANCIAL REPORT

Ad Valorem Taxes 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. Ad Valorem Taxes represented approximately 72% of the County’s revenue in 2018.

$80,000,000 $60,000,000 $40,000,000 $20,000,000 $-

2018 $77,071,303

BUDGET $77,746,807

2017 $75,753,308

The largest portion of Ad Valorem taxes are received in January and June when real estate taxes are distributed to the taxing authorities.

Other Taxes Other taxes include the following: $20,000,000

• • • • • • • •

$15,000,000 $10,000,000 $5,000,000 $-

2018 $16,829,281

BUDGET $16,316,502

2017 $16,638,206

Motor Vehicle Tax RV Tax Special Assessments Local Alcohol Liquor Tax Highway Tax Franchise Tax 1620 Truck Tax 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

$16,000,000 $12,000,000 $8,000,000 $4,000,000 $-

2018 $12,349,049

BUDGET $10,972,663

2017 $11,334,676

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SHAWNEE COUNTY 2018 ANNUAL FINANCIAL REPORT

EXPENDITURE HIGHLIGHTS Expenditures for the County total $105,105,617 which is $69,645 or approximately 0.07% under budget for 2018. The year-to-date expenditures are also $1,771,470 or 1.71% more than the expenditures last year.

$120,000,000

DEBT SERVICE

$100,000,000

PARKS, REC & EXPO

$80,000,000

PUBLIC WORKS

$60,000,000

ADMIN. SERVICES

$40,000,000

PUBLIC HEALTH

$20,000,000 $0

2018 $105,105,617

BUDGET $105,035,972

PUBLIC SAFETY

2017 $103,334,146

The following information shows Shawnee County expenditures by category.

CATEGORY

PUBLIC SAFETY PUBLIC HEALTH

2018 $105,105,617 $

48,662,014

BUDGET $105,035,972 $

48,438,042

2017 $103,334,146 $

46,017,280

8,549,582

8,535,286

8,921,286

ADMIN. SERVICES

12,629,278

13,096,033

12,365,540

PUBLIC WORKS

11,012,063

11,135,568

10,698,861

PARKS, REC & EXPO

15,137,540

15,123,196

15,349,087

9,115,141

8,707,847

DEBT SERVICE

$ 105,105,617

$

105,035,972

9,982,093

$

103,334,146

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SHAWNEE COUNTY 2018 ANNUAL FINANCIAL REPORT

This pie chart displays the expenditure categories based on their percentage of total County Expenditures.

ADMIN. SERVICES PUBLIC HEALTH 12% 8%

PUBLIC WORKS 11% PARKS, REC & EXPO 14% DEBT SERVICE 9% PUBLIC SAFETY 46%

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 minimum general fund balance of 20% of budgeted expenditures to present a healthy level of reserves. This general fund balance will be essential should the County experience a disaster of any kind. It is the goal of the Board of County Commissioners to steadily increase this balance to above the recommended minimal level. The Commission’s general fund balance goal is 25% of budgeted expenditures.

This chart shows the actual general fund balance at the end of years 2003-2018 and the estimated balance at the end of 2019. The target minimum is shown at 20% of budgeted expenditures.

General Fund Reserves 40,000,000 30,000,000 20,000,000 10,000,000 -

General Fund Reserves

Target Minimum

Target Goal

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