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Bourbon County finance staff warns of low cash reserves, explains KMAG rules and budget timetable
Summary
County finance staff briefed commissioners on Kansas municipal accounting (KMAG), cash-basis rules, the revenue-neutral limit under Senate Bill 13 and a tight budget timetable, and urged building cash reserves to protect bond ratings and operations.
County finance staff told Bourbon County commissioners Monday that the county follows Kansas municipal accounting (KMAG) and must plan the 2026 budget on a cash-basis framework while watching a shrinking cash reserve and revenue limits set in state law.
The presentation focused on KMAG accounting, statutory encumbrances and the revenue-neutral (R-and-R) constraint under Senate Bill 13, and included a timeline of budget deadlines commissioners must meet in May and June.
The presenter said, "what I wanna kind of go through first is really what type of accounting we we use. It's called KMAG, and it's different than GAAP," and explained KMAG is the set of rules Kansas local governments use for cash-basis and fund accounting. That regulatory framework, the presenter said, requires the county to book some expenses as…
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