Sedgwick County finishes 2012 with budget surplus
Sedgwick County Manager Bill Buchanan says the county finished 2012 with a surplus.
He said the county received more tax revenue than expected, with a property transfer at Spirit Aerosystems and a refinancing of mortgage revenue bonds. He said even without those two items, the county would have finished the year in the black because of belt-tightening measures.
The county has a balanced budget for this year, but Buchanan said the financial plan for 2014 shows a deficit of about $2 million. He said that can be handled without a problem, but in the next few years there are significant deficits projected.
Buchanan said the county will have to decide what to do about a proposed administrative building for county offices, which is still in preliminary discussions. The county will also have to decide how to fund its portion of the Heartland Preparedness Center in north Wichita. A part of that building is now under construction for Kansas National Guard use, but the city of Wichita and Sedgwick County are also planning to build facilities there for law enforcement training and emergency preparedness.
"The future is not dismal. It is not bright," Buchanan said. "It is going to require basic, hard-nosed managing of our resources, and we are in a strong position to do that."
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