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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