Truth in Accounting

Wichita, KS

TIA Data

2019 Financial State of Wichita (Released 1/26/2021)

Use Create Your Own City Chart to see additional financial, demographic and economic data for this and other cities

 
Wichita's Taxpayer Surplus™ is $100, and it received a "B" from TIA.
Wichita is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after city bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates all assets and liabilities, including retirement obligations.
Wichita has $428.3 million of assets available to pay the state's bills totaling $412.4 million.
Wichita has $15.9 million available after bills have been paid, which breaks down to $100 per taxpayer.
Wichita's reported net position is inflated by $184.7 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 178 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2018 Financial State of Wichita

2017 Financial State of Wichita

2016 Financial State of Wichita

2015 Financial State of Wichita

Other Resources

Wichita Comprehensive Annual Financial Reports

Publishing Entity: Department of Finance

IN THE NEWS
Kansas outperforms grim budget expectations, has highest ending balance on record

JULY 8, 2021 | THE WICHITA EAGLE

By Matthew Kelly, includes “The state of Kansas overcame bleak expectations to collect 9.3% more tax revenue than expected in the 2021 budget year, the Department of Revenue reported Friday. … The budget flexibility afforded by the high revenue intake is sure to stoke heated debate over the relative merits of slashing taxes and further bolstering public services.” 

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