Overview
Ulysses is the seat of Grant County, and its 2025 statement is the one in this batch that comes with a warning label: the auditor disclaimed any opinion on it because the city's bank reconciliations were incomplete all year. On the statement's own numbers, the General Fund spent $5,163,242 against $4,300,822 of receipts, drawing cash down from $3,990,916 to $3,128,496, while the Water Utility ($2,191,584 ending cash) and the Capital Improvement Fund ($1,041,703) remain the city's largest balances. Treat every figure here as unaudited in substance, whatever the document's title says.
Source: City of Ulysses 2025 financial statement (Kansas Department of Administration, PDF).
At a glance — statement figures, year ended December 31, 2025 (disclaimed — see basis)
Source: City of Ulysses 2025 financial statement, Statement 1.
General Fund — statement figures 2025
Beginning cash $3,990,916 + receipts $4,300,822 − expenditures $5,163,242 = ending unencumbered cash $3,128,496; plus $53,482 of encumbrances and accounts payable = ending cash $3,181,978. The statement's General Fund schedule detail was not used because the disclaimer covers the whole statement; only Statement 1 totals, which walk exactly, are reported.
| Item | Amount |
|---|---|
| Unencumbered cash, Jan 1, 2025 | $3,990,916 |
| Receipts, 2025 | $4,300,822 |
| Expenditures, 2025 | $5,163,242 |
| Receipts over (under) expenditures | −$862,420 |
| Unencumbered cash, Dec 31, 2025 | $3,128,496 |
| Add: encumbrances and accounts payable | $53,482 |
| Ending cash, Dec 31, 2025 | $3,181,978 |
Source: City of Ulysses 2025 financial statement, Statement 1.
Major funds — statement figures 2025
Each row's walk (beginning + receipts − expenditures = ending unencumbered cash) was verified. All figures carry the same disclaimer as the General Fund.
| Fund | Beginning | Receipts | Expenditures | Ending cash |
|---|---|---|---|---|
| Employee Benefits | $195,924 | $746,264 | $682,445 | $259,743 |
| Special Highway | $434,890 | $151,467 | $395,057 | $191,300 |
| Gas Well | $187,776 | $100,026 | $108,959 | $178,844 |
| Gas Mitigation | $255,742 | $98,995 | $0 | $354,736 |
| Capital Improvement | $324,521 | $903,817 | $186,635 | $1,041,703 |
| Water Utility | $2,257,990 | $1,255,298 | $1,321,704 | $2,191,584 |
| Sanitation Utility | $1,130,467 | $761,579 | $722,444 | $1,169,603 |
| Sewer Utility | $421,099 | $387,122 | $371,825 | $436,396 |
| Sewer Capital Reserve | $889,194 | $124,376 | $46,379 | $967,191 |
| Storm Water Utility | $830,083 | $86,215 | $69,904 | $846,393 |
| Health Insurance | $424,942 | $1,070,000 | $956,903 | $538,039 |
| Total reporting entity (excl. agency) | $11,721,834 | $10,395,555 | $10,421,463 | $11,695,926 |
Cash composition at year end: checking accounts $2,384,840 + certificates of deposit $9,400,000 + petty cash $1,200 = $11,786,040, less agency funds $24,892 = $11,761,148, matching the entity ending cash above. Bond and Interest Fund activity was negligible: $60 of receipts, no expenditures, $60 ending cash.
Source: City of Ulysses 2025 financial statement, Statement 1.
Debt & notes
No long-term debt schedule with a usable total was extracted from this statement, so none is claimed here. The audit finding that matters most is the disclaimer itself: incomplete bank reconciliations for the whole year, a material weakness in internal control, and a financial statement the auditor calls materially misstated. The auditor also issued the standard adverse opinion on U.S. GAAP, because the statement uses the Kansas regulatory basis rather than GAAP.
Source: City of Ulysses 2025 financial statement, auditor's report.
Sources & notes
- Only source used: City of Ulysses, Kansas, Financial Statement with Regulatory-Required Supplementary Information and Independent Auditor's Report, for the year ended December 31, 2025 (Medill & Thooft, April 27, 2026). Read the statement (PDF).
- Sum checks: General Fund walk ($3,990,916 + $4,300,822 − $5,163,242 = $3,128,496); entity walk ($11,721,834 + $10,395,555 − $10,421,463 = $11,695,926; + $65,222 payables = $11,761,148); Water Utility ($2,257,990 + $1,255,298 − $1,321,704 = $2,191,584); Capital Improvement ($324,521 + $903,817 − $186,635 = $1,041,703); cash composition sums to $11,761,148.
- Qualification restated: disclaimer of opinion on the regulatory basis (incomplete bank reconciliations, unreliable cash balances, material misstatement, material weakness). Figures are presented as the statement's own figures, not as auditor-verified figures.
- Jurisdiction palette: no verified Ulysses palette was on file, so this page uses the neutral Hometown Numbers dark-glass theme rather than a city color.