Overview
Iola's FY2025 audit (certified public accountant, Lawrence, Kansas, July 24, 2026) reports a city that spent slightly more than it took in during 2025: total receipts of $33,566,553 against total expenditures of $34,176,251. The Electric Utility accounts for most of the gap — it spent $10,842,946 against $9,820,475 in receipts — while the General Fund essentially broke even and the city's reserve funds (Equipment Reserve, street and capital-project funds) hold the bulk of its $22,421,828 ending unencumbered cash.
Source: City of Iola FY2025 financial statements (city agenda file, PDF).
At a glance — FY2025 audited
Source: Summary Statement of Receipts, Expenditures and Unencumbered Cash, FY2025.
Citywide walk — FY2025
The walk below is the audit's own summary statement. Beginning cash plus receipts minus expenditures equals ending cash; adding outstanding encumbrances and accounts payable gives ending unencumbered cash.
| Item | Amount |
|---|---|
| Beginning cash, Jan 1, 2025 | $22,455,556 |
| Receipts, FY2025 | $33,566,553 |
| Expenditures, FY2025 | −$34,176,251 |
| Ending cash, Dec 31, 2025 | $21,845,858 |
Outstanding encumbrances and accounts payable of $575,969 bring ending cash to the reported ending unencumbered cash of $22,421,828. Note: $21,845,858 + $575,969 = $22,421,827, which is $1 below the audit's stated $22,421,828 — a $1 rounding difference inside the audit itself (its composition-of-cash section independently confirms $22,421,828: total cash $22,665,874 less agency funds $244,046). The audit's stated total is used throughout this page.
General Fund — FY2025
The General Fund is the City's chief operating fund. It took in $9,588,636 and spent $9,546,946, a surplus of $41,690 on the year.
| Item | Amount |
|---|---|
| Beginning cash, Jan 1, 2025 | $458,664 |
| Receipts, FY2025 | $9,588,636 |
| Expenditures, FY2025 | −$9,546,946 |
| Ending cash, Dec 31, 2025 | $500,354 |
Outstanding encumbrances and accounts payable of $253,791 bring the General Fund to an ending unencumbered cash balance of $754,145. That is about 7.9% of the fund's FY2025 expenditures — a thin cushion by the standards of the county dashboards in this batch, and it is reported here as stated, not smoothed.
Utilities & major funds — FY2025
Each row below is that fund's own audited line from the summary statement. These are selected funds, not the full fund list, so the rows are not totaled — the citywide total is in the walk above.
| Fund | Receipts | Expenditures | Ending unencumbered |
|---|---|---|---|
| Electric Utility | $9,820,475 | $10,842,946 | $5,792,984 |
| Water Utility | $2,481,550 | $2,607,574 | $521,373 |
| Gas Utility | $3,468,337 | $3,422,779 | $1,239,703 |
| Solid Waste Utility | $413,570 | $394,025 | $207,872 |
| Wastewater Utility | $938,701 | $942,498 | $327,053 |
| Storm Water Fees | $71,014 | $1,972 | $862,240 |
| Special Highway | $179,483 | $38,850 | $973,101 |
| Equipment Reserve | $1,275,391 | $676,291 | $3,822,851 |
| Comprehensive Street Program | $605,261 | $300,384 | $2,825,764 |
| Major Projects | $1,079,262 | $1,070,123 | $1,916,697 |
| Capital Improvement Plan | $439,817 | $1,160,226 | $1,823,543 |
| Employee Health Insurance | $1,698,269 | $1,732,466 | $820,749 |
The Electric Utility's $1,022,471 operating shortfall (receipts minus expenditures) is the largest single-fund draw of the year; its ending balance nevertheless remains the city's largest single-fund balance at $5,792,984. The audit notes the City amended its budget during FY2025 for the Employee Health Insurance, Tourism and Convention, and Special Parks and Recreation funds.
Source: Summary Statement, FY2025.
Sources & notes
- Only source used: City of Iola, Kansas, Financial Statements for the year ended December 31, 2025 (audited, regulatory basis). Read the audit (city agenda file, PDF).
- Sum checks: the citywide walk, the General Fund walk, and each fund's beginning-plus-receipts-minus-expenditures arithmetic were checked before publishing; the single $1 difference in the audit's own citywide column is disclosed in the Citywide walk section.
- What is missing: this page has no net position, capital-asset, or debt figures — the KMAAG regulatory basis does not recognize them — and no current-year budget. A newer verified document would be needed to update this dashboard.
- City palette: no verified City of Iola palette was on file, so this page uses the neutral Hometown Numbers dark-glass theme rather than a city color.