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Hays governing body approves December financials, adopts updated financial management policy
Summary
The City of Hays approved unaudited December 2025 financial statements showing modest sales‑tax growth and a strong fund balance, and unanimously adopted revisions to its Comprehensive Financial Management Policy that add a cap on the Budget Stabilization Reserve and prepare for a KMAAG audit.
The Governing Body of the City of Hays on Jan. 22 approved the city’s unaudited financial statements for the month and year ending Dec. 31, 2025, and adopted revisions to its Comprehensive Financial Management Policy.
Kim Rupp, the city’s finance director, presented the December financial summary, reporting month‑to‑date general fund sales tax of $872,372, an increase of $18,500 (2%) compared with the prior year, and year‑end general fund sales tax up $95,816 (1%) over last year. The six‑month average was down 0.6%, a year‑over‑year decrease of 2.2%. County sales tax collections were $1,189,773, up $28,624. Rupp said total investments rose by $5,296,035; US Treasuries held $4,500,000 (weighted average yield 4.13%), certificates of deposit totaled $69,021,556 (weighted average rate 3.96%), and the money market balance was $4,302,245 (yield 3.59%). He noted the figures are unaudited.
Rupp also reported that total operating expenditures finished the year $456,368 under budget; the transfer into Commission Capital Reserves was $2.6 million (an increase of $400,000 versus budget); and the unreserved fund balance remains strong at $2.339 million.
Following the presentation, Commissioner Shaun Musil moved and Commissioner Sandy Jacobs seconded approval of the financial statement; the motion carried on a unanimous recorded vote by Mason Ruder (Mayor), Alaina Cunningham (Vice‑Mayor), Musil, Jacobs and David Vilaysing.
On a related agenda item, Rupp outlined proposed updates to the Comprehensive Financial Management Policy, including clarifying terminology, setting a cap on the Budget Stabilization Reserve (BSR), removing obsolete sections, language to support a switch to a KMAAG audit, and formatting edits. Vice‑Mayor Alaina Cunningham moved and Commissioner David Vilaysing seconded adoption of the revisions; the motion passed unanimously.
Also on the consent agenda the body approved the appointment of Heather Musil to the CARE Council for a two‑year term through Feb. 12, 2028. Commissioner Vilaysing had raised a concern about a potential conflict of interest because the appointee is a family member of a Commissioner; after discussion with staff and City Attorney Donald F. Hoffman, the governing body determined there was no conflict and approved the consent agenda by unanimous vote.
The meeting adjourned at 5:21 p.m.
