Overview
Garnett’s reporting entity took in $15,681,375 and spent $14,580,063 in 2024, adding $1,101,312 to end at $10,409,493 unencumbered ($10,801,031 cash). The General Fund ran the other way — $2,327,345 in against $2,399,694 out — and closed at $602,206 unencumbered. The city’s utilities dominate its books: the Electric Utility alone holds $2,570,400 unencumbered, while the Gas Utility closed the year at just $230 unencumbered after spending $1,533,578 against $1,525,017 of receipts.
Source: City of Garnett 2024 financial statement, Statement 1.
At a glance — audited 2024
Source: City of Garnett 2024 financial statement, Statement 1 and Note 5.
Funds — audited 2024
Reporting-entity walk (excluding agency funds): beginning unencumbered cash $9,308,181 + receipts $15,681,375 − expenditures $14,580,063 = ending unencumbered cash $10,409,493; plus encumbrances and accounts payable $391,537 = ending cash $10,801,031.
| Fund | Receipts | Expenditures | Ending unencumbered |
|---|---|---|---|
| General | $2,327,345 | $2,399,694 | $602,206 |
| Electric Utility | $4,486,693 | $3,962,161 | $2,570,400 |
| Water Utility | $1,618,138 | $1,536,172 | $2,083,710 |
| Capital Outlay Improvement | $1,129,988 | $590,250 | $1,803,219 |
| Equipment Reserve | $740,954 | $503,312 | $758,283 |
| Gas Utility | $1,525,017 | $1,533,578 | $230 |
| Public Safety | $1,077,741 | $1,148,987 | $151,870 |
| TOTAL — reporting entity | $15,681,375 | $14,580,063 | $10,409,493 |
General Fund walk: $674,556 + $2,327,345 − $2,399,694 = $602,206; plus $79,068 of encumbrances and accounts payable = $681,274 cash. Disclosure — Gas Utility: the Gas Utility’s $230 unencumbered balance is the printed figure, not a rounding artifact; it spent $8,561 more than it received in 2024 on top of an $8,792 opening balance.
Source: City of Garnett 2024 financial statement, Statement 1.
Debt — audited 2024
Total contractual indebtedness at December 31, 2024 was $2,741,045, down from $3,161,469 at the start of the year after $420,423 of reductions; interest paid in 2024 was $83,965.
| Item | Amount |
|---|---|
| General obligation bonds (paid by utility receipts) | $395,000 |
| State low-interest loan (2021, 2.13%, due 2031) | $1,789,967 |
| Senior Housing Revenue Bonds, Series 2006 | $430,000 |
| Finance lease — 2023 trash truck | $126,078 |
| Total contractual indebtedness | $2,741,045 |
Sources & notes
- Source used: City of Garnett, Kansas, financial statement for the year ended December 31, 2024 Read the source document.
- Sum checks: $9,308,181 + $15,681,375 − $14,580,063 = $10,409,493, plus $391,537 = $10,801,031 (whole-dollar rounding of the source’s cents); General Fund $674,556 + $2,327,345 − $2,399,694 = $602,206; debt $3,161,469 − $420,423 = $2,741,045.
- Basis flag: dated basis (FY2024 audit only). A 2026 GO-bond official statement was found but is not a budget or audit and was not used for any figure.
- Identity: this is Garnett, Kansas, county seat of Anderson County.
- Jurisdiction palette: no verified palette was on file for this jurisdiction, so this page uses the neutral Hometown Numbers dark-glass theme rather than a jurisdiction color.