RubinBrown Public Sector Municipal Stats 2019

First page Previous page 6 Next page Last page

KANSAS CITY METROPOLITAN AREA

24 NUMBER OF

48,000 AVERAGE POPULATION

3.2% MEDIAN CHANGE IN NET POSITION

MUNICIPALITIES

2017 Unrestricted General Fund Balance as % of Expenditures (median – all cities) The 2016 r sults for the Ka sas City area indicated a drastic decline. Much of this was attributable o the fact that 12 of 24 cities operated at a deficit in 2016. This compares to only six cities having a deficit in 2015. Some of these losses were significant as a percent of net position and the largest ones were a function of increased tax increment financing which is a direct hit to net position. The results for 2017 and 2018 improved significantly with only nine and four cities, respectively reporting losses. Additionally, the losses were not as large as in past years. Tax revenues in total for the 24 cities in the survey increased approximately 9% and 2.3% in 2018 and 2017, respectively. Median tax revenue also increased 14% in 2018, but decreased in 2017. For 2015 and 2017, the median tax revenue decreased because of the mix of total revenues for the 24 cities. For those years, tax revenue only made up approximately 60% of total revenues where in 2018 it was 71%. Meanwhile, as illustrated by the expenses per capita chart below, median expenses per capita for Kansas City municipalities remained relatively flat from 2016 to 2018. Median long term debt per capita in the Kansas City region (which excludes pension or other non-bonded debt) continued to decrease. Finally, the general fund’s unrestricted fund balance as compared to expenditures has fluctuated significantly for the area municipalities over the past five years, averaging just above 38% or 4.4 months. This is considered a moderately healthy level. 2016 2014 2015 2018

Unrestricted General Fund Balance as % of Expenditures (median – all cities)

41.1%

2014

36.0%

2015

35.7%

2016

38.4%

2017

37.7%

2018

30% 40% 45% 35%

Median Dollars Per Capita

$1,500

$1,231

$1,204

$1,172

$1,250

$1,144

$1,141

Tax Revenue Expenses Total Debt

$1,083

$1,000

$1,079

$1,080

$1,042

$1,013

$764

$698

$750

$657

$699

$655

$500