Overview
Winfield’s governmental funds took in $14,276,225 and spent $18,308,273 in 2023 — a $4,032,048 operating deficiency — but a $5,800,000 temporary-note issuance plus net transfers of $3,064,409 left fund balances up $4,832,361 at $20,692,962. The General Fund ended at $1,965,070 on a GAAP basis; on the budgetary basis the city reports $9,869,223 of revenues against $9,765,160 of expenditures and encumbrances, with a $1,301,000 unencumbered available balance (13% of expenditures). Total long-term debt was $63,446,403, including $28,860,000 of general obligation debt, and Standard & Poor’s assigned the city an A+ rating in 2023.
Source: City of Winfield 2023 ACFR, fund statements and debt administration.
At a glance — ACFR 2023
Source: City of Winfield 2023 ACFR, governmental funds statement and MD&A.
Funds — ACFR 2023
Governmental-funds walk: beginning balances $15,860,601 + net change $4,832,361 = ending balances $20,692,962. The net change comprises the $4,032,048 revenue deficiency, the $5,800,000 note issuance, and $3,064,409 of net transfers in. By revenue source, property taxes contributed $4,768,994 and sales taxes $4,723,880; by function, public safety spent $9,672,746 (including the public-safety study fund) and debt service $2,584,976.
| Governmental fund | Revenues | Expenditures | End balance |
|---|---|---|---|
| General | $7,196,955 | $9,062,865 | $1,965,070 |
| Debt Service | $1,156,101 | $2,298,769 | $4,698,144 |
| Capital Improvements | $1,289,215 | $431,281 | $2,056,965 |
| Special Streets and Highway | $1,621,773 | $1,163,432 | $2,859,188 |
| Public Safety Study | $27,608 | $2,932,077 | $4,827,153 |
| Other governmental | $2,984,573 | $2,419,849 | $4,286,442 |
| TOTAL governmental | $14,276,225 | $18,308,273 | $20,692,962 |
Basis disclosure — two General Fund pictures: the GAAP fund statement shows General Fund revenues of $7,196,955, while the budgetary comparison shows revenues of $9,869,223 and expenditures plus encumbrances of $9,765,160. The two differ because the budgetary basis counts items the GAAP statement classifies as transfers and encumbrances; both are printed in the ACFR and neither is an error. This page labels each figure with its basis wherever the two could be confused.
Source: City of Winfield 2023 ACFR, governmental funds statement and General Fund budgetary schedule.
Debt — ACFR 2023
Total long-term debt at December 31, 2023 was $63,446,403, up from $59,419,783 in 2022 — the increase driven by a $5,800,000 temporary note for the voter-approved public-safety facility. General obligation debt fell $2,220,000 on the year to $28,860,000, of which $10,548,742 is supported by business activities.
| Item | Amount |
|---|---|
| General obligation bonds | $28,860,000 |
| Leases | $5,153,058 |
| State of Kansas loan | $4,576,940 |
| Note payable (temporary) | $5,800,000 |
| Net pension obligation | $14,832,826 |
| Net OPEB obligation | $2,281,838 |
| Total long-term debt | $63,446,403 |
Note: the $63,446,403 total includes pension, OPEB, compensated absences, and bond premium alongside bonded debt. The city was assigned an A+ rating from Standard & Poor’s in 2023.
Sources & notes
- Source used: City of Winfield, Kansas, Annual Comprehensive Financial Report for the fiscal year ended December 31, 2023 Read the source document.
- Sum checks: governmental revenues $14,276,225 − expenditures $18,308,273 = −$4,032,048; plus $5,800,000 note and $3,064,409 net transfers = $4,832,361 net change; $15,860,601 + $4,832,361 = $20,692,962; debt components sum to $63,446,403 as printed.
- Basis flag: GAAP ACFR, not KMAAG — not comparable to the regulatory-basis dashboards. Dated basis (2023); a 2024 budget-amendment ordinance exists but is not a full budget or ACFR and was not used. No full recent budget or ACFR was confirmed.
- Identity: this is Winfield, Kansas, county seat of Cowley County.
- Jurisdiction palette: no verified palette was on file for this jurisdiction, so this page uses the neutral Hometown Numbers dark-glass theme rather than a jurisdiction color.