260788: Notice to the City Clerk of the Kansas City International Airport Community Improvement District’s Annual Report for the fiscal year ending April 30, 2026.

Description

Notice to the City Clerk of the Kansas City International Airport Community Improvement District’s Annual Report for the fiscal year ending April 30, 2026.

Summary

The report covers the Kansas City International Airport Community Improvement District (KCICID), a political subdivision created by City Ordinance 050203 under Missouri’s Community Improvement District Act. It authorizes a 1% sales and use tax within the district and receives 50% of certain incremental earnings, franchise, and utility taxes. Fiscal 2026 revenue was $2.33 million, with $2.31 million transferred to the City’s KCI Overhaul Base Fund for airport infrastructure, repairs, maintenance, and rehabilitation; administrative costs were $13,542. The district ended with $4,744 unrestricted net position. Missouri rulings exempted rental-car, utility, and communications transactions from the CID tax, reducing collections. City resolutions 250001 and 250311 appointed successor directors, while the board adopted a balanced $985,000 FY2026 budget. Auditors found the financial statements fairly presented.