Historically, the County has adhered to the following budget principles in order to maintain a solid financial condition:
- Fund on-going operating expenditures with on-going revenue sources
- Maintain a sufficient General Fund reserve for for Triple AAA bond rating, unknown and unusual circumstances
- Estimate revenues using a conservative approach to avoid budget shortfalls during the fiscal year.
These principles reflect the County's commitment to prudent financial management and the maintenance of existing credit ratings. Currenty, the County's general obligation bonds are rated "AAA" by Standard and Poor's, "Aaa" by Moody's, and "AAA" by Fitch. When rating the County's debt, Moody's Investors Service commented that the "highest quality Aaa rating reflects: Johnson County's sizable and wealthy tax base within the Kansas City metropolitan area, well managed finances characterized by revenue diversity and flexibility, financial operations to remain sound due to prudent financial management, modest debt levels with average principal retirement."