SHAWNEE COUNTY QUARTERLY FINANCIAL REPORT
6/30/2019
QUARTERLY FINANCIAL REPORT A financial summary of the first six months of 2019
SHAWNEE COUNTY QUARTERLY FINANCIAL REPORT
SHAWNEE COUNTY QUARTERLY FINANCIAL REPORT SECOND QUARTER 2019
EXECUTIVE SUMMARY INTRODUCTION The following quarterly financial report provides an analysis of the first six months of the 2019 calendar year. The information contained in this report is based on unaudited budgetary financial statements 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 first six months of the calendar year of 2019. 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 the first six months of 2019. 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. Shawnee County received total revenue of $92,434,687 during the first six months of 2019. This represents 0.07% over the budgeted amount for this period.
$100,000,000 Other Revenue
$80,000,000 $60,000,000
Other Taxes
$40,000,000 $20,000,000 $-
2019 YTD $92,434,687
BUDGET YTD $92,359,245
2018 YTD $89,502,511
Property Taxes
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SHAWNEE COUNTY QUARTERLY 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 YTD $77,090,770
BUDGET YTD $78,139,672
2017 YTD $75,055,222
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:
$10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $-
2018 YTD $8,918,915
BUDGET YTD $8,576,804
2017 YTD $8,885,738
• • • • • • • •
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
$7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $-
2018 YTD $6,425,002
BUDGET YTD $5,642,768
2017 YTD $5,561,550
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SHAWNEE COUNTY QUARTERLY FINANCIAL REPORT
EXPENDITURE HIGHLIGHTS Expenditures for the County total $51,081,522 which is approximately 0.41% under budget for the first six months of 2019. The year-to-date expenditures are also $2,756,372 or 5.70% more than the expenditures for this period last year.
$60,000,000
DEBT SERVICE
$50,000,000
RECREATIO N
$40,000,000
PUBLIC WORKS
$30,000,000
ADMIN. SERVICES
$20,000,000
PUBLIC HEALTH
$10,000,000 $0
2018 YTD $51,081,522
BUDGET YTD $51,524,154
PUBLIC SAFETY
2017 YTD $48,325,150
The following information shows Shawnee County expenditures by category. CATEGORY
PUBLIC SAFETY
2018 YTD $51,081,522 $
24,789,780 $
BUDGET YTD $51,524,154 25,113,346 $
2017 YTD $48,325,150 22,376,186
PUBLIC HEALTH
8,450,027
8,347,469
7,934,390
ADMIN. SERVICES
4,646,363
4,741,195
4,797,020
YTD BUDGET VARIANCE
$
PUBLIC WORKS
5,446,895
5,402,311
5,685,186
RECREATION
6,819,767
6,991,143
6,631,789
928,690
928,690
900,580
51,524,154 $
48,325,150 $
DEBT SERVICE
$ 51,081,522 $
YTD VARIANCE TO PRIOR YTD
(323,566) $ 102,558 (94,832) 44,583 (171,375) (442,632) $
2,413,595 515,637 (150,657) (238,291) 187,978 28,110 2,756,372
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SHAWNEE COUNTY QUARTERLY FINANCIAL REPORT
This pie chart displays the expenditure categories based on their percentage of total County Expenditures.
PUBLIC HEALTH 17%
ADMIN. SERVICES 9%
PUBLIC WORKS 11% RECREATION 13%
PUBLIC SAFETY 48% DEBT SERVICE 2%
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 above the recommended minimal level. 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.
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