Overview
Oswego, the county seat of Labette County, closed 2025 with its General Fund in surplus: actual receipts of $1,283,486.64 against actual expenditures of $1,224,813.83, a surplus of $58,672.81, lifting General Fund unencumbered cash from $590,588.23 to $649,261.04. Actual General Fund spending came in $358,097.17 under its $1,582,911 certified budget. The audit was issued with an unmodified opinion on the Kansas regulatory basis of accounting and an adverse opinion on U.S. generally accepted accounting principles, the standard split for Kansas regulatory-basis audits.
At a glance — audited actuals, year ended December 31, 2025
Source: City of Oswego audit 2025, General Fund, Employee Benefits and Library schedules.
General Fund walk — audited actuals 2025
Receipts of $1,283,486.64 against the $1,082,502 budget ran $200,984.64 over budget, while expenditures of $1,224,813.83 ran $358,097.17 under the $1,582,911 budget. The largest receipts were ad valorem property tax ($326,884.41), sales tax ($258,072.69) and franchise tax ($138,828.70); operating transfers in totaled $281,543.84 (Water Utility $110,000, Sewer Utility $32,000, Refuse Utility $29,000, and a $110,543.84 residual transfer from the Neighborhood Revitalization Grant Fund).
| Item | Amount |
|---|---|
| Ad valorem property tax | $326,884.41 |
| Sales tax | $258,072.69 |
| Franchise tax | $138,828.70 |
| Motor vehicle tax | $49,880.24 |
| Rural fire contracts | $31,997.00 |
| Fines | $68,760.73 |
| Interest | $32,944.14 |
| Rental | $19,627.50 |
| Reimbursed expense | $22,051.42 |
| Operating transfers in (all funds) | $281,543.84 |
| All other receipts | $52,945.95 |
| Total receipts (detail-summed) | $1,283,486.64 |
Expenditure departments (actual): Police $356,400.12; General Government $295,828.07; Streets $190,684.98; Fire $60,932.11; Municipal Court $54,657.27; Swimming Pool $53,079.76; Parks $47,720.45; Community Center $45,346.68; Senior Citizens $9,596.45; Noxious Weed $4,574.94; finance lease $4,750.00; and operating transfers out of $101,243.00 (Municipal Equipment $51,567.00, Oswego Golf Course $14,876.00, Capital Improvements $34,800.00). The department figures sum exactly to the $1,224,813.83 total. Beginning unencumbered cash of $590,588.23 plus the $58,672.81 surplus equals the $649,261.04 ending balance.
Other funds — audited actuals 2025
| Fund | Receipts | Expenditures | Ending unencumbered cash |
|---|---|---|---|
| Employee Benefits | $273,762.83 | $258,160.23 | $31,391.42 |
| Library | $27,758.00 | $27,467.55 | $290.45 |
| Sick Leave | $0.00 | $0.00 | $42,406.77 |
| Health Insurance Premium | $0.00 | $0.00 | $12,062.64 |
Employee Benefits receipts were led by ad valorem property tax of $239,049.04; its $15,602.60 surplus on a $15,788.82 beginning balance gives the $31,391.42 ending balance. The Library Fund’s $27,758.00 in receipts against a $28,344.00 budget appropriation of $27,467.55 to the Library Board leaves $290.45. Utility and other fund schedules (Electric, Water, Sewer, Refuse, Golf Course, sales-tax funds) are in the audit but their extracted figures were not used here because the summary statement’s columns did not extract legibly.
Debt and pensions
The audit’s long-term-debt note (Note 6) did not extract legibly — its tables render as scrambled fragments — so no bond or loan total is stated on this page rather than risk a misread figure. Two debt-related items that did extract cleanly: the General Fund paid a $4,750.00 finance lease in 2025, and the City’s proportionate share of the KPERS net pension liability was $432,597.00 (KPERS) and $499,907.00 (KP&F), measured June 30, 2025; under the Kansas regulatory basis that liability is not reported in the financial statement itself. The audit estimates a $39,699.23 liability for earned but untaken vacation pay.
Sources & notes
- Only source used: City of Oswego audit, year ended December 31, 2025 (Jarred, Gilmore & Phillips, PA, Chanute; report dated June 2026), via the Kansas Department of Administration state portal. Read the audit (PDF).
- Sum checks: General Fund receipts detail sums to $1,283,486.64; General Fund expenditure departments sum to $1,224,813.83; $1,283,486.64 − $1,224,813.83 = $58,672.81; $590,588.23 + $58,672.81 = $649,261.04; Employee Benefits $273,762.83 − $258,160.23 = $15,602.60 and $15,788.82 + $15,602.60 = $31,391.42. All verified by addition.
- Extraction limits disclosed: the audit’s Statement 1 summary table renders with scrambled columns in the text layer, so no citywide receipts, expenditures, or ending-cash total is claimed. The long-term-debt note likewise did not extract legibly and is not summarized numerically. The General Fund receipts table’s totals row lists the current-year figure first while the detail columns list it second; the figures used here are the detail-summed current-year values, which also match the printed variances ($200,984.64 over the receipts budget; $358,097.17 under the expenditure budget).
- City palette: no verified City of Oswego palette was on file, so this page uses the neutral Hometown Numbers dark-glass theme rather than a city color.