Municipalities surveyed in the Kansas City metropolitan area showed significantly improved results over 2016 numbers, according to RubinBrown’s twelfth annual survey of municipal statistical and financial information.
This analysis has been created in order to provide a comprehensive report of key government-wide and governmental-fund financial statistics for the regions the firm serves so that city governments may compare how they are doing relative to other municipal governments in their region.
This year, 24 Kansas City municipalities participated in the survey. The average population of the cities included in the Kansas City metropolitan area was 48,000; the median change in net position for this region was 1.5%. This compares to 0.4%the year before.
The results for 2017 improved significantly with only nine cities reporting losses – additionally, the losses were lower than seen in past years. The 2016 results for the Kansas City area indicated a drastic decline. Much of this was attributable to the fact that half of the cities operated at a deficit in 2016.
Although the median tax revenue per capita decreased in 2017, tax revenues in total for the 24 cities increased approximately 2.3% in 2017. Average tax revenue also increased 3.0% in 2017 compared to 2016. Median expenses per capita for Kansas City municipalities continued to increase but at a slower pace than in 2016, which aided in improving the overall financial results in 2017.
Median long-term debt per capita in the Kansas City region (which excludes pension or other non bonded debt) decreased in 2017.
Finally, the general fund’s unrestricted fund balance as compared to expenditures has fluctuated significantly for Kansas City area municipalities over the past five years, averaging 37.8% or 4.4 months. This is considered a moderately healthy level.
RubinBrown encourages each finance officer to share the results of this analysis with the city's chief executive officer and governing body to help key officials understand how their city compares to that of their peers.
RubinBrown’s Public Sector Services Group provides services to a broad spectrum of government organizations, including city and county governments, institutions of higher education, local public school districts, state governments and political districts such as public libraries, municipal utility districts and fire districts.
Founded in 1952, RubinBrown’s team members establish best practices within specific industry segments and work to serve the community both inside and outside the workplace. RubinBrown’s mission is to help clients build and protect value, while at all times honoring the responsibility to serve the public interest.
RubinBrown is an independent member of Baker Tilly International, a high-quality, dedicated network of 125 independent firms in 147 countries. For more information, visit www.rubinbrown.com.
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