Overview
Larned, the county seat of Pawnee County, spent more than it took in during 2025: receipts of $14,834,093 against expenditures of $15,364,559, drawing unencumbered cash from $10,921,906 (plus $4,500 of cancelled encumbrances) to $10,395,940 (ending cash $10,824,870 after $428,930 of encumbrances and payables). The General Fund spent $3,555,836 against receipts of $3,520,978, ending at $874,645 unencumbered. The Electric Fund and its reserve dominate the balance sheet — the Electric Reserve alone ended with $4,985,579 in cash — while total general obligation debt ended at $2,050,000.
Source: City of Larned financial statement 2025 (state portal, PDF).
At a glance — audited actuals, year ended December 31, 2025
Source: City of Larned financial statement 2025, Statement 1.
General Fund walk — audited actuals 2025
Receipts of $3,520,978 against expenditures of $3,555,836 give a $34,858 deficit; the $909,503 beginning balance falls to $874,645 unencumbered ($883,532 after $8,887 of encumbrances and payables). Spending ran $352,994 under the $3,908,830 certified budget, including $249,785 of unspent budgeted transfers out.
| Receipts | Amount |
|---|---|
| Taxes and shared revenues (ad valorem $1,019,166; delinquent $59,942; motor vehicle/16-20M $188,678; recreational vehicle $1,728; commercial vehicle $6,840; special assessment $7,031; sales tax $740,500; franchise tax $150,393; highway connecting links $45,619; alcoholic liquor $4,124) | $2,224,021 |
| Licenses, fines, and permits | $36,801 |
| Ambulance fees and subsidy | $1,261 |
| Cemetery lots | $23,385 |
| Fire services | $91,846 |
| Maps, copies, etc. | $351 |
| Police services | $162,478 |
| Community center receipts | $3,260 |
| USD 495 payment | $23,690 |
| Swimming pool receipts | $1,350 |
| Animal shelter fees | $1,396 |
| Rents | $1,960 |
| Reimbursed expenses | $23,130 |
| Sale of assets | $34,594 |
| Interest on idle funds | $197,471 |
| Miscellaneous | $37,528 |
| Transfers in | $656,456 |
| Total receipts (detail-summed) | $3,520,978 |
Expenditure departments (actual): Fire Department $175,090; Administration $286,139; Parks Department $420,553; Dispatch $405,640; Police Department $952,128; Public Buildings $137,578; Street Department $918,024; Street Lighting $540; Swimming Pool $109,048; Municipal Court $45,779; Building Inspection $58,362; Transfers Out $46,955. These sum exactly to the $3,555,836 total.
Source: City of Larned financial statement 2025, Schedule 2-1 (General Fund).
Major funds — audited actuals 2025
| Fund | Receipts | Expenditures | Ending cash |
|---|---|---|---|
| General | $3,520,978 | $3,555,836 | $883,532 |
| Electric | $4,715,501 | $5,223,393 | $1,044,239 |
| Electric Reserve | $500,000 | $222,957 | $4,985,579 |
| Water | $1,224,392 | $1,137,824 | $1,328,895 |
| Water Reserve | $250,000 | $39,025 | $905,599 |
| Sewer | $1,109,775 | $1,091,361 | $25,636 |
| Solid Waste | $276,948 | $296,079 | $69,309 |
| Bond and Interest | $143,500 | $308,748 | $711,280 |
| Special Highway | $473,639 | $469,971 | $702,530 |
| Library | $180,187 | $180,000 | $17,055 |
| LFD Firefighter | $70,140 | $15,686 | $342,938 |
| Risk Management Reserve | $96,826 | $57,857 | $125,229 |
| Airport Facility | $81,999 | $89,489 | $52,142 |
| Total reporting entity (all funds) | $14,834,093 | $15,364,559 | $10,824,870 |
The table shows the major funds only; the statement's full fund list also includes airport, industrial, 911, tourism, D.A.R.E., swimming-pool reserve, capital improvement, sewer/solid-waste reserves, and trust funds, all included in the entity totals. Two funds ended the year negative and are stated as printed, not adjusted: the Equipment Reserve ended at negative $646,095 unencumbered (it spent $665,945 against $477,356 of receipts), and the Airport Facility Reserve ended at negative $242,370 cash. Cash composition: checking $553,717, savings $9,656,229, and certificates of deposit $614,924, totaling $10,824,870.
Source: City of Larned financial statement 2025, Statement 1.
Debt
Total contractual indebtedness is entirely general obligation bonds: $2,670,000 beginning, less $620,000 of principal payments, equals $2,050,000 ending, with $39,893 of interest paid. Series 2021 refunding bonds (1.45–2.00%, maturing September 2028) ended at $635,000 after a $200,000 payment; Series 2022 bonds (1.40–2.00%, maturing September 2033) ended at $1,415,000 after a $420,000 payment. Scheduled 2026 principal is $635,000 — the full remaining Series 2021 balance — followed by $640,000 in 2027 and $655,000 in 2028.
Source: City of Larned financial statement 2025, Notes (long-term liabilities).
Sources & notes
- Only source used: City of Larned financial statement with independent auditor's report, year ended December 31, 2025 (AdamsBrown, LLC, Larned; May 4, 2026; unmodified opinion on the Kansas regulatory basis, adverse opinion on U.S. GAAP), via the Kansas Department of Administration state portal. Read the audit (PDF). The inventory record notes the same audit is also posted on cityoflarned.org; this page cites the state-portal copy.
- Sum checks: $10,921,906 + $4,500 + $14,834,093 − $15,364,559 = $10,395,940 and + $428,930 = $10,824,870; cash $553,717 + $9,656,229 + $614,924 = $10,824,870; General Fund receipts components sum to $3,520,978, expenditure departments sum to $3,555,836, and $909,503 + $3,520,978 − $3,555,836 = $874,645; debt $635,000 + $1,415,000 = $2,050,000 and $2,670,000 − $620,000 = $2,050,000. All verified by addition.
- City palette: no verified City of Larned palette was on file, so this page uses the neutral Hometown Numbers dark-glass theme rather than a city color.