Overview
Jetmore's General Fund spent $758,053 against $607,475 of receipts in 2025, a $150,578 deficit that drew ending unencumbered cash down to just $16,887 — the city leans heavily on its Electric Utility, which transferred $196,200 into the General Fund and still ended at $392,370. The whole reporting entity took in $3,059,760 and spent $3,256,778, ending with $1,259,115 of cash. The 2025 audit carries an unmodified opinion on the regulatory basis; the 2024 comparative statement had carried a qualified opinion.
At a glance — audited actuals, year ended December 31, 2025
General Fund — audited actuals 2025
Receipts build: ad valorem property tax $56,697 + back tax $1,297 + 16/20M vehicle tax $1,009 + recreational vehicle tax $194 + motor vehicle tax $12,251 + local sales tax $108,455 + local alcohol $13 + franchise tax $6,563 + licenses, fees and permits $1,215 + state highway connecting link $4,447 + lease and royalty $6,322 + rent $13,270 + golf course $49,465 + court fines $28,109 + lake permits $14,796 + grain sales $64,699 + community fishery assistance $2,650 + hunting access contract $3,200 + miscellaneous $23,062 + interest on investments $1,561 + transfer from Sewer Utility $12,000 + transfer from Electric Utility $196,200 = $607,475. Beginning cash $167,465 − deficit $150,578 = ending unencumbered cash $16,887. The category build below sums exactly to $758,053.
| Item | Amount |
|---|---|
| General government | $128,292 |
| Lake | $33,884 |
| Street & parks department | $307,996 |
| Municipal court | $16,173 |
| King Center | $5,728 |
| Golf course | $104,404 |
| Fire department | $4,704 |
| Airport department | $35,372 |
| Economic development | $32,400 |
| Police protection (contractual) | $80,000 |
| Transfer to General Equipment Reserve | $9,100 |
| Total General Fund expenditures, actual | $758,053 |
Major funds — audited actuals 2025
Each row's walk (beginning + receipts − expenditures = ending) was verified against Statement 1 and its fund schedule.
| Fund | Receipts | Expenditures | Ending cash |
|---|---|---|---|
| Employee Benefits | $232,734 | $253,842 | $20,270 |
| Tourism | $3,273 | $1,000 | $10,717 |
| Special Highway | $20,135 | $49,284 | $44,622 |
| Library | $67,191 | $67,900 | $30 |
| Library Employee Benefits | $21,413 | $21,950 | $187 |
| Special Parks and Recreation | $13 | $0 | $7,470 |
| Park Improvement Donation | $13,727 | $0 | $111,732 |
| Golf Course Donation | $6,076 | $0 | $11,768 |
| General Equipment Reserve | $30,797 | $19,425 | $55,777 |
| Water Equipment Reserve | $16,800 | $0 | $82,465 |
| Land Bank | $21,000 | $12,500 | $27,500 |
| Sewer Equipment Reserve | $7,200 | $5,070 | $36,307 |
| Electric Equipment Reserve | $60,000 | $7,852 | $77,436 |
| Water Utility | $503,899 | $529,356 | $305,306 |
| Sewer Maintenance | $126,684 | $111,882 | $58,271 |
| Electric Utility | $1,321,343 | $1,418,664 | $392,370 |
Entity walk: $1,456,133 + $3,059,760 − $3,256,778 = $1,259,115. Cash composition as printed: checking $(364,812) + petty cash $652 + savings $31,895 + time deposits $1,606,517 = $1,274,252, less agency funds $15,137 = $1,259,115 — the negative checking balance is as printed, offset by time deposits.
Source: City of Jetmore 2025 audit, Statement 1 and Schedule 2.
Debt & notes
The audit is presented on the Kansas regulatory basis, which does not recognize capital assets or long-term debt in the statement itself, so no consolidated debt total is stated. Utility debt-service lines in the fund schedules: Water Utility debt-service principal $42,929 + interest $39,317, and Sewer Maintenance debt service $51,792. The auditor's report is from Medill & Thooft, CPA (Ulysses, Kansas), dated May 22, 2026, with an unmodified opinion on the regulatory basis and an adverse opinion on U.S. GAAP; the report notes the 2024 basic financial statement (not presented) carried a qualified opinion.
Source: City of Jetmore 2025 audit, Independent Auditor's Report and Schedule 2.
Sources & notes
- Only source used: City of Jetmore, Kansas, Financial Statement with Regulatory-Required Supplementary Information and Independent Auditor's Report, for the year ended December 31, 2025 (Medill & Thooft, CPA, May 22, 2026). Read the audit (PDF).
- Sum checks: General Fund receipts build sums to $607,475; the expenditure categories sum to $758,053; cash walk ($167,465 − $150,578 = $16,887); entity walk ($1,456,133 + $3,059,760 − $3,256,778 = $1,259,115); cash composition ($(364,812) + $652 + $31,895 + $1,606,517 = $1,274,252; − $15,137 = $1,259,115); Employee Benefits ($41,378 + $232,734 − $253,842 = $20,270); Water Utility ($330,763 + $503,899 − $529,356 = $305,306); Sewer Maintenance ($43,469 + $126,684 − $111,882 = $58,271); Electric Utility ($489,691 + $1,321,343 − $1,418,664 = $392,370).
- Jurisdiction palette: no verified City of Jetmore palette was on file, so this page uses the neutral Hometown Numbers dark-glass theme rather than a city color.