City of Sedan, Kansas — the county seat of Chautauqua County — finances from the audited regulatory-basis financial statement for the year ended December 31, 2025 (Jarred, Gilmore & Phillips, PA; unmodified opinion on the regulatory basis). Kansas cities report on the regulatory basis, not GAAP.
General Fund receipts
$832,950.12
General Fund expenditures
$878,738.32
General Fund ending
$326,467.41
Water fund ending
$461,475.31
Appleby fund ending
$1,841,457.72
Computed fund total
$2,886,761.44
FY2025 · Audited
Ending unencumbered cash balances at December 31, 2025, from the individual fund schedules (Schedule 2). Because the audit's summary statement page is illegible in the scan, no entity-wide total is printed on this page; the figure below is a computed sum of the fund schedules and is labeled as such.
| Fund | Balance |
|---|---|
| General Fund | $326,467.41 |
| Library | $11,324.64 |
| Special Highway | $47,809.11 |
| Special Parks and Recreation | $6,439.75 |
| Transient Guest Tax | $4,794.56 |
| COVID Grant | $0.00 |
| ARPA Grant | $0.00 |
| Park Improvement | −$34,725.11 |
| KDOT Project | −$323.00 |
| Municipal Equipment Reserve | $4,837.38 |
| VIN Inspection | $2,082.75 |
| Water | $461,475.31 |
| Sewer | $172,000.88 |
| Sewer Reserve | $5,000.00 |
| Trash | $38,120.04 |
| Appleby | $1,841,457.72 |
| Computed sum of the 16 fund balances | $2,886,761.44 |
Read the total correctly: $2,886,761.44 is computed here from the 16 individual fund schedules. It is not a total printed in the audit, because the audit's summary statement page is illegible in the scanned filing.
Source: City of Sedan — Regulatory Basis Financial Statement, year ended December 31, 2025 (Schedule 2) (FY2025 audit).
FY2025 · Audited
General Fund actuals against budget. The printed totals reconcile exactly: $372,255.61 beginning + $832,950.12 receipts − $878,738.32 expenditures = $326,467.41 ending.
| Item | Actual / Budget |
|---|---|
| Receipts — actual | $832,950.12 |
| Receipts — budget | $791,450.00 |
| Expenditures — actual | $878,738.32 |
| Expenditures — budget | $1,110,356.00 |
| Unencumbered cash, January 1, 2025 | $372,255.61 |
| Unencumbered cash, December 31, 2025 | $326,467.41 |
Component discrepancy, disclosed: the General Fund's component rows as extracted from the scan do not sum to the printed totals — receipt components sum to $874,706.51 against the printed $832,950.12 (+$41,756.39), and expenditure components sum to $877,738.09 against the printed $878,738.32 (−$1,000.23). Only the printed totals are used on this page; the gaps are attributed to likely digit errors in the scanned cents columns and are not resolved by guessing.
Source: City of Sedan — FY2025 audit (General Fund schedule) (FY2025 audit).
FY2025 · Audited
Receipts, expenditures, and ending unencumbered balances for the city's other funds, FY2025 actual.
| Fund | Receipts | Expenditures | Ending |
|---|---|---|---|
| Water | $531,650.43 | $616,260.07 | $461,475.31 |
| Sewer | $121,102.84 | $83,489.10 | $172,000.88 |
| Trash | $169,931.62 | $144,891.42 | $38,120.04 |
| Library | $65,740.14 | $54,948.73 | $11,324.64 |
| Special Highway | $35,898.68 | $71,795.92 | $47,809.11 |
| Special Parks and Recreation | $837.54 | $0.00 | $6,439.75 |
| Transient Guest Tax | $4,596.13 | $6,749.51 | $4,794.56 |
| VIN Inspection | $680.00 | $4,593.72 | $2,082.75 |
| Appleby | $54,244.19 | $58,045.24 | $1,841,457.72 |
Water-fund debt service paid in 2025 was principal $81,658.34 + interest $40,482.66 = $122,141.00.
Source: City of Sedan — FY2025 audit (fund schedules) (FY2025 audit).
FY2025 · Audited
No debt schedule was found in the audit's notes, and the regulatory basis does not recognize long-term debt on the face of the statement — so no total outstanding debt is shown here, rather than guessed.
Source: City of Sedan — FY2025 audit (Water fund schedule) (FY2025 audit).
Read before citing
Source: City of Sedan — FY2025 audit (auditor's report and notes) (FY2025 audit).