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 October 1 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 -2024

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

18.325

 Debt Service Fund

0

 Total

18.325

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

2024

2024 1st Quarter Financial Report

2024 2nd Quarter Financial Report

2024 3rd Quarter Financial Report

2023

2023 1st Quarter Financial Report

2023 2nd Quarter Financial Report

2023 3rd Quarter Financial Report

2023 4th Quarter Financial Report

2022

2022 1st Quarter Financial Report

2022 2nd Quarter Financial Report

2022 3rd Quarter Financial Report

2022 4th Quarter Financial Report

Annual Financial Reports

2023 Annual Comprehensive Financial Report

2023 Popular Annual Financial Report

2023 CID Annual Report

2022 Annual Comprehensive Financial Report

2022 Popular Annual Financial Report

2022 CID Annual Report

2021 Annual Comprehensive Financial Report

2021 Popular Annual Financial Report

2021 CID Annual Report

2020 Comprehensive Annual Financial Report

2020 Popular Annual Financial Report

2020 CID Annual Report

Click here to access past reports

Budget

2024 Budget [PDF]

2023 Budget [PDF]

2022 Budget [PDF]

2021 Budget [PDF]

2020 Budget [PDF]

2019 Budget [PDF]

Historical Financial Information

 Click here to access past budget information.