RubinBrown Public Sector Stats 2017

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KANSAS CITY METROPOLITAN AREA

24 NUMBER OF

47,000 AVERAGE POPULATION

1.1% MEDIAN CHANGE IN NET POSITION

MUNICIPALITIES

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

2015 Unrestricted General Fund Balance as % of Expenditures (median – all cities) The 2016 r sults for the Ka sas City area indicate that growth slowed sig ific ntly, as the median change in net position decreased from 2.5% to 1.1%. Much of this can be attributed to the fact that 12 out of 24 cities had a deficit in 2016. This is double the number of cities having a deficit in 2015. Some of these losses were significant as a percent of net position and the largest ones were primarily a function of increased tax increment financing activity. Median tax revenues per capita in the Kansas City region were flat for 2016 as compared to 2015. Although not illustrated in the statistical chart, total tax revenues for the 24 Kansas City municipalities increased approximately 5%. That compared to an increase in total revenues in 2015 of only 2.2%. The changes in media per capita tax revenues do not reflect the same fluctuations because the mix of the revenue increases are concentrated in the larger cities. Meanwhile, median expenses per capita for Kansas City municipalities increased 4.4% in 2016. Another important indicator is how much debt the region is taking on. The median long-term debt per capita in the Kansas City region (which excludes pension or other non-bonded debt) increased almost 11% in 2016. Finally, the general fund’s unrestricted fund balance as compared to expenditures has decreased significantly for Kansas City area municipalities over the past five years from 41.5% to 35.7%. 2014 2012 2013 2016

41.5%

2012

37.8%

2013

41.1%

2014

40.3%

2015

35.7%

2016

35% 45% 50% 40%

Median Dollars Per Capita

$1,500

$1,201

$1,196

$1,250

$1,144

$1,098

Tax Revenue Expenses Total Debt

$1,078

$955

$1,000

$1,065

$1,020

$1,013

$1,011

$750

$655

$647

$632

$699

$661

$500