Finance

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The Prairie Village Finance Department is responsible for all aspects of the City's finances including accounting, accounts payable, banking and investments, budget and payroll.

The City's fiscal year runs from January 1st through December 31st.  The City adopts the budget by August 25th of the year prior to the budgeted year.  The City is audited each year by an accounting firm.

Bond Rating

Moody's:  Aaa
Note:  This is the highest bond rating that Moody's offers.

City Property Tax Mill Levy Rate - 2017

Revenue from the ad valorem property tax funds a significant portion of City operations.  The ad valorem property tax mill levy rate is set during the annual budget process by the City Council. 

 Rate Type

Mill Levy Rate 

 General Fund

19.471

 Debt Service Fund

0

 Total

19.471

 

 

 City Sales Tax Rate

 Rate Type

Rate 

 State of Kansas

 6.500%

 Johnson County:

 

General County Sales Tax

 0.500%

Stormwater Sales Tax

0.100%

Public Safety Sales Tax #1

 0.250%

Public Safety Sales Tax #2

 0.250%

Public Safety Sales Tax #3      (effective 4/1/17)                           

 0.250%
Johnson County Research Triangle

0.125%

City of Prairie Village

1.000%

Total

8.975%

 

Note:  There is an additional 1.000% applied to purchases made at Corinth Square and the Prairie Village Shops due to the Community Improvement Districts (CID) established at those locations.  The total rate at these locations is 9.975%.   

Quarterly Financial Reports

2017

2017 1st Quarter Financial Report

2016

2016 1st Quarter Financial Report

2016 2nd Quarter Financial Report

2016 3rd Quarter Financial Report

2016 4th Quarter Financial Report

 

2015

2015 1st Quarter Financial Report

2015 2nd Quarter Financial Report

2015 3rd Quarter Financial Report

2015 4th Quarter Financial Report 


2014

2014 1st Quarter Financial Report

2014 2nd Quarter Financial Report

2014 3rd Quarter Financial Report

2014 4th Quarter Financial Report

 

2013

2013 1st Quarter Financial Report

2013 2nd Quarter Financial Report

2013 3rd Quarter Financial Report

2013 4th Quarter Financial Report

 

2012

2012 1st Quarter Financial Report

2012 2nd Quarter Financial Report

2012 3rd Quarter Financial Report

2012 4th Quarter Financial Report

 

2011

2011 2nd Quarter Financial Report

2011 3rd Quarter Financial Report

2011 4th Quarter Financial Report


Annual Financial Reports

2015 CID Annual Report

2015 Popular Annual Financial Report

2015 Comprehensive Annual Financial Report

2014 CID Annual Report

2014 Comprehensive Annual Financial Report

2014 Popular Annual Financial Report

2013 Comprehensive Annual Financial Report

2013 Popular Annual Financial Report

2013 CID Annual Financial Report

2012 Popular Annual Financial Report

2012 Comprehensive Annual Financial Report

2012 CID Annual Financial Report

 

Budget

2017 Budget [PDF]

2016 Budget [PDF]

2015 Budget [PDF]

2014 Budget [PDF]

2014 Budget in Brief [PDF]

2013 Budget [PDF]

2013 Budget in Brief  [PDF]

 

Historical Financial Information

 Click here to access past budget information.