SHAWNEE COUNTY GENERAL FUND ANNUAL FINANCIAL REPORT
12/31/2017
FINANCIAL REPORT A financial summary of 2017
SHAWNEE COUNTY GENERAL FUND ANNUAL FINANCIAL REPORT
SHAWNEE COUNTY GENERAL FUND ANNUAL FINANCIAL REPORT 2017
INTRODUCTION The following financial report provides an analysis of the 12 months of the 2017 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 2017. 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 2017. 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 $105,852,358 during 2017. This represents 1.98% over the budgeted amount for this period.
$120,000,000 Other Revenue
$100,000,000 $80,000,000 $60,000,000
Other Taxes
$40,000,000 $20,000,000 $-
2017 $104,328,902
BUDGET $103,800,943
2016 $101,802,025
Property Taxes
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SHAWNEE COUNTY GENERAL FUND ANNUAL FINANCIAL REPORT
Property Taxes (Ad Valorem Taxes)
$100,000,000
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 76% of the County’s revenue in 2017.
$80,000,000 $60,000,000 $40,000,000 $20,000,000 $-
2016 YTD $79,595,819
BUDGET YTD $80,213,603
2015 YTD $74,454,949
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 $-
2016 YTD $12,894,214
BUDGET YTD $13,062,000
2015 YTD $16,607,862
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
$12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $-
2016 YTD $11,838,869
BUDGET YTD $10,525,340
2015 YTD $10,739,214
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SHAWNEE COUNTY GENERAL FUND ANNUAL FINANCIAL REPORT
EXPENDITURE HIGHLIGHTS 2017 expenditures and transfers out for the Shawnee County General Fund totaled $105,852,358, which is 1.98% over budget for the calendar year.
DEBT SERVICE
$120,000,000 $100,000,000
PARKS, REC & EXPO PUBLIC WORKS
$80,000,000 $60,000,000 $40,000,000
ADMIN. SERVICES
$20,000,000 $0
2017 $105,852,358
BUDGET $103,800,943
PUBLIC HEALTH
2016 $98,648,812
The following information shows Shawnee County expenditures by category. CATEGORY
PUBLIC SAFETY PUBLIC HEALTH
2017 $105,852,358 $
45,450,274 $ 8,921,286
BUDGET $103,800,943 45,725,084 $ 8,921,286
2016 $98,648,812 43,746,076
ADMIN. SERVICES
15,450,757
13,049,369
9,892,714
10,698,861
10,813,001
10,404,706
PARKS, REC & EXPO
15,349,087
15,363,681
15,010,142
9,982,093
9,928,522
$ 105,852,358 $
103,800,943 $
$
9,520,066
PUBLIC WORKS DEBT SERVICE
YTD BUDGET VARIANCE
10,075,108
98,648,812 $
YTD VARIANCE TO PRIOR YTD
(274,810) $ 2,401,388 (114,140) (14,594) 53,571 2,051,415 $
1,704,198 (598,780) 5,558,043 294,155 338,945 (93,015) 7,203,546
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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 PARKS, REC & EXPO 15%
DEBT SERVICE 9%
PUBLIC SAFETY 43%
PUBLIC WORKS 10%
ADMIN. SERVICES 15%
PUBLIC HEALTH 8%
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 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. This chart shows the General Fund Balance at the end of years 2003-2017. The target minimum level is shown as 20% of expenditures. The Target Goal is 25% of budgeted expenditures.
General Fund Reserves 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 -
General Fund Reserves
Target Minimum
Target Goal
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