Johnson County PBC presents preliminary, unaudited 2025 financial statements showing $292.3 million net position

Becky Jones presented preliminary and unaudited financial statements for the Public Building Commission as of Dec. 31, 2025, to commissioners on Feb. 5.

Jones said the packet included a statement of net position (assets and liabilities) and a statement of revenues, expenses and changes in net position. She described a large cash balance of deposits and investments made up of bond proceeds being used to pay for projects, and noted liabilities include bond debt and ‘‘a $1,200,000 advance from the county for the sheriff operations center security upgrade’’ approved as part of the 2026 capital improvements program. Jones stated the final net position for the PBC was $292,300,000 (preliminary, unaudited).

She also described revenue sources funding bond payments: about 70% of the buildings are financed by revenues tied to a public safety sales tax, while the remaining 30% receive revenues from countywide sources such as the library and county building fund for arts and heritage. Jones noted that interest income increased significantly in 2025 because of higher interest rates on outstanding bond proceeds and that interest expense rose with new debt issuance for the Human Services Building.

When Commissioner Ashcraft asked when the public safety sales tax bonds will be retired, Jones replied she believes in 2027.

Next steps: the statements are preliminary and unaudited; staff will continue year‑end close and provide audited financials when available.