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Hays posts May finances: revenues down year‑over‑year, sales tax trend remains positive

June 26, 2025 | Hays City, Ellis County, Kansas


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Hays posts May finances: revenues down year‑over‑year, sales tax trend remains positive
The City of Hays Commission accepted the May 2025 financial statement and approved it 3‑0 on June 26 after staff presented month‑end revenue and expenditure totals.

Jared Kuckelman, Assistant City Manager, reported May revenues of $3,102,813, a decrease of $1,783,938 compared to the same period in 2024; staff attributed the largest portion of that decrease to timing differences in when April sales tax receipts were received from the state. Expenditures in May totaled $3,229,044, an increase of $537,129 over May 2024, driven in part by capital project expenditures including design work for Tallgrass Second Edition Phase 4 and police facility design, and pipeline easement purchases.

Kuckelman detailed other portfolio items: U.S. Treasury par value holdings totaled $11,717,000 with a weighted average yield to maturity of 4.2% (down 0.57 percentage points from a year earlier); certificates of deposit totaled $55,200,000 with a weighted average rate of 4.47% (down 0.32); money market balances were about $2,200,000 with a yield of 3.388% (down 0.77). The net total investments were down $1,576,358.

On sales taxes, Kuckelman said the month’s general fund sales tax collections were $842,864, up $5,417 (0.65%) versus prior year for the month; year‑to‑date general fund sales tax was positive about $74,006 (1.89%). Commissioners noted continuing upward trends in sales tax collections and asked staff to report June numbers next month. The commission then approved the May financial statement by voice vote.

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