Cash Management

The City recognizes that effective cash management is an integral part of good financial management. The City seeks out investments that achieve the highest rates within allowable securities that preserve the safety, liquidity, return on investment and diversification of funds. The chart to the right describes the invested value of City investments compared to the guidelines of the investment policy. It also shows the total cash balance of the City as of the month end in the total cash balance line, and shows the average duration of investments, which are limited to under 2 years for municipalities that do not have expanded investment powers as granted by the State of Kansas except for funds designated as multi-year capital improvement or investment of proceeds on bonds issued under Kansas law.

Debt Management

Finance staff oversee all debt issued by the City, which includes General Obligation (GO), revenue backed, revolving loan funds, temporary notes and special assessment debt.  The current debt year to date for 2017 the City had $408,816,608 in permanent and temporary debt, compared to $396,799,041 in 2016 or a 3.03% increase.  When backing out the temporary notes and comparing current permanent debt to the prior year, permanent debt increased by 0.31%.