Truth in Accounting

Wichita, KS

TIA Data

2020 Financial State of Wichita (Released 1/25/2022)

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

 
Wichita's Taxpayer Surplus™ is $900, 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 $392 million of assets available to pay the state's bills totaling $283.7 million.
Wichita has $108.3 million available after bills have been paid, which breaks down to $900 per taxpayer.
Wichita's reported net position is inflated by $14.3 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 176 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2019 Financial State of Wichita

2018 Financial State of Wichita

2017 Financial State of Wichita, KS

2016 Financial State of Wichita

2015 Financial State of Wichita

Other Resources

Wichita Comprehensive Annual Financial Reports

Publishing Entity: Department of Finance

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