Overview
Troy, the seat of Doniphan County, closed 2025 with $2,946,969 in receipts against $3,163,659 in expenditures across all funds, drawing its cash down from $2,279,348 to $2,062,658. Adding back $43,281 in outstanding encumbrances and accounts payable gives ending unencumbered cash of $2,105,939. The electric utility dominates the city's books: it took in $1,141,938 and spent $1,190,109, and its $1,051,802 unencumbered balance is half the city's total. The General Fund ran a $54,706 surplus. The city's only related municipal entity, the Troy Public Housing Authority, is not included in these statements.
Source: City of Troy 2025 audit, summary statement and Note 4.
At a glance
Source: City of Troy 2025 audit, summary statement and Note 4.
All funds - FY2025 audited
The receipts and expenditures columns sum exactly to the summary statement's totals. The Employee Benefit Fund's cash balance is negative (-$5,212), but $5,212 in outstanding encumbrances and accounts payable brings its unencumbered balance to exactly $0, which is how the summary statement prints it. The Bond and Interest Fund carried no balance and no activity in 2025.
| Fund | Receipts | Ending unencumbered cash |
|---|---|---|
| General | $485,747 | $355,483 |
| Street and Highway | $26,364 | $13,221 |
| Ambulance District | $15,565 | $112,418 |
| Employee Benefit | $169,411 | $0 |
| Tort Liability | $12,760 | $83,234 |
| Community Center | $8,320 | $134,938 |
| City 1% Sales Tax | $133,983 | $109,778 |
| Equipment Reserve | $41,400 | $12,332 |
| Troy Community Engagement | $4,138 | $4,070 |
| Bond and Interest | $0 | $0 |
| Electric | $1,141,938 | $1,051,802 |
| Electric Special Assessment | $81,715 | $90,722 |
| Water | $665,498 | $89,154 |
| Sewer | $160,130 | $48,787 |
| Total | $2,946,969 | $2,105,939 |
Source: City of Troy 2025 audit, summary statement and Note 4.
General Fund
The General Fund took in $485,747 and spent $431,041, a surplus of $54,706. Its beginning unencumbered cash of $294,521 plus the surplus gives ending cash of $349,227; adding $6,256 in outstanding encumbrances and accounts payable gives the $355,483 unencumbered balance in the table above. Against its budget, receipts came in $9,121 over the $476,626 budget, while expenditures came in $184,164 under the $615,205 budget - the city spent far less than authorized, mainly in general government and highways.
General Fund receipts - FY2025 actual
| Item | Amount |
|---|---|
| Taxes | $368,936 |
| Franchise tax | $26,362 |
| Licenses and permits | $3,119 |
| Interest | $68,686 |
| Fines and fees | $139 |
| Miscellaneous | $18,505 |
| Total | $485,747 |
Source: City of Troy 2025 audit, summary statement and Note 4.
Debt
Long-term debt at December 31, 2025 totaled $2,415,311: general obligation bonds of $2,099,271 plus finance leases of $316,040. The certificates of participation ($33,000 at the start of the year) were fully retired. The bonds are Series 2015-A ($1,734,271 outstanding, 2.50%, final payment August 4, 2055, for the 2013 wastewater collection system project) and Series 2020-A ($365,000 outstanding, 2.75%, due March 1, 2030, for the 2019 electric distribution project). The leases are a 2023 excavator ($35,040, 5.90%, due November 15, 2028) and 2025 water equipment ($281,000, 4.75%, due May 2, 2032). Interest paid in 2025 was $59,537. Debt service due in 2026 is $161,935 on the bonds (principal $109,503, interest $52,432) and $61,349 on the leases.
Source: City of Troy 2025 audit, summary statement and Note 4.
Sources & notes
- Only source used: City of Troy, Kansas, Financial Statements, year ended December 31, 2025 (CPA report dated February 27, 2026). Read the audit (PDF).
- Sum checks: the reporting-entity walk (beginning cash + receipts - expenditures = ending cash; plus encumbrances = unencumbered), the General Fund receipt and expenditure components, the fund-table receipts and expenditures columns, and the debt components (bonds + leases) all reconcile exactly to their printed totals.
- Cash composition: Exchange Bank & Trust certificates of deposit $238,500; First Option Bank checking $1,410,039 and certificates of deposit $457,000; petty cash $400 - totaling the $2,105,939 unencumbered balance exactly.
- What is missing: no capital-asset, net-position, or pension-liability figures are reported - the KMAAG regulatory basis does not recognize them.
- City palette: no verified City of Troy palette was on file, so this page uses the neutral Hometown Numbers dark-glass theme rather than a city color.