HomeMy WebLinkAbout780543.tiff WELD COUNTY, COLORADO
FINANCIAL STATEMENTS
Year Ended December 31 , 1977
/34.-"4‘. ANDERSON &
WHITNEY
CERTIFIED
PUBLIC
ACCOUNTANTS
.; GREELEY NATIONAL PLAZA / 3O 54.3
GREELEY,COLORADO
80631
WELD COUNTY, COLORADO
FINANCIAL STATEMENTS
Year Ended December 31 , 1977
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ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS.GREELEY,COLORADO
TABLE OF CONTENTS
Pale
Auditors' Report 1
COMBINED STATEMENTS - ALL FUNDS
EXHIBIT A-1 COMBINED BALANCE SHEET - ALL FUNDS
AND ACCOUNT GROUPS 4
EXHIBIT A-2 COMBINED STATEMENT OF GENERAL
GOVERNMENTAL REVENUES 6
EXHIBIT A-3 COMBINED STATEMENT OF GENERAL
GOVERNMENTAL EXPENDITURES 7
EXHIBIT A-4 COMBINED STATEMENT OF CASH WITH TREASURER
RECEIPTS AND DISBURSEMENTS - ALL FUNDS 9
EXHIBIT A-5 COMBINED STATEMENT OF DELINQUENT
TAXES RECEIVABLE 10
EXHIBIT A-6 COMBINED STATEMENT OF INVESTMENTS BY
WELD COUNTY TREASURER 11
EXHIBIT A-7 COMBINED STATEMENT OF EXPENDITURE
CLEARING ACCOUNTS 12
NOTES TO COMBINED FINANCIAL STATEMENTS 13
GENERAL FUND
EXHIBIT B-1 BALANCE SHEET 15
EXHIBIT B-2 STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE 16
Schedule 1 Schedule of Revenues Compared with Estimate 17
Schedule 2 Schedule of Expenditures Compared
with Budget 20
Ii NOTES TO FINANCIAL STATEMENTS 23
SPECIAL REVENUE FUNDS
EXHIBIT C-1 COMBINED BALANCE SHEET 27
EXHIBIT C-2 COMBINED STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN
FUND BALANCE 29
Schedule 1 Road and Bridge Fund - Schedule of Revenues
Compared with Estimate 31
Schedule 2 Road and Bridge Fund - Schedule of Expenditures
Compared with Budget 32
(Continued on next page)
ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
TABLE OF CONTENTS - Continued
Page
SPECIAL REVENUE FUNDS - Continued
Schedule 3 Social Services Fund - Schedule of Revenues
Compared with Estimate 34
Schedule 4 Social Services Fund - Schedule of Expenditures
Compared with Budget 35
Schedule 5 Federal Revenue Sharing Fund - Schedule of
•
Revenues Compared with Estimate
•
Federal Revenue Sharing Fund - Schedule of
Expenditures Compared with Budget 36
Schedule 6 Conservation Trust Fund - Schedule of
Revenues Compared with Estimate
Conservation Trust Fund - Schedule of
Expenditures Compared with Budget 37
Schedule 7 Contingent Fund - Schedule of Revenues
Compared with Estimate
Contingent Fund - Schedule of Expenditures
Compared with Budget 38
Schedule 8 Residential Child Care Facility Fund - Schedule
of Revenues Compared with Estimate
Residential Child Care Facility Fund - Schedule
of Expenditures Compared with Budget 39
•
• Schedule 9 Public Health Fund - Schedule of Revenues
Compared with Estimate 40
Schedule 10 Public Health Fund - Schedule of Expenditures
Compared with Budget 42
Schedule 11 Human Resources Fund - Schedule of Revenues
Compared with Estimate 44
• Schedule 12 Human Resources Fund - Schedule of Expenditures
Compared with Budget 45
Schedule 13 Community Development Fund - Schedule of
Revenues Compared with Estimate
Community Development Fund - Schedule of
Expenditures Compared with Budget 46 •
Schedule 14 Subdivision Park Site Fund - Schedule of
Revenues Compared with Estimate
Subdivision Park Site Fund - Schedule of
Expenditures Compared with Budget 47
NOTES TO FINANCIAL STATEMENTS 48
(Continued on next page)
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS, GREELEY, COLORADO
TABLE OF CONTENTS - Continued
Page
CAPITAL PROJECTS FUNDS
EXHIBIT D-1 COMBINED BALANCE SHEET 52
EXHIBIT D-2 COMBINED STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN
FUND BALANCE 53
Schedule 1 Weld County General Hospital Capital Fund
- Schedule of Revenues Compared with Estimate
Weld County General Hospital Capital Fund
- Schedule of Expenditures Compared with Budget 54
Schedule 2 Library Expansion Fund - Schedule of Revenues
Compared with Estimate
Library Expansion Fund - Schedule of Expenditures
Compared with Budget 55
Schedule 3 Public Works Fund - County Buildings -- Schedule
of Revenues Compared with Estimate
Public Works Fund - County Buildings - Schedule
of Expenditures Compared with Budget 56
Schedule 4 Public Works Fund - County Services Building
- Schedule of Revenues Compared with Estimate
Public Works Fund - County Services Building
- Schedule of Expenditures Compared with Budget 57
NOTES TO FINANCIAL STATEMENTS 58
INTRAGOVERNMENTAL SERVICE FUNDS
EXHIBIT E-1 INTRAGOVERNMENTAL AGENCY FUND
- BALANCE SHEET 60
EXHIBIT E-2 INTRAGOVERNMENTAL AGENCY FUND
- STATEMENT OF CHANGES IN
CONTRIBUTED CAPITAL 61
EXHIBIT E-3 INTRAGOVERNMENTAL AGENCY FUND
- STATEMENT OF CHANGES IN
RETAINED EARNINGS 62
EXHIBIT E-4 INTRAGOVERNMENTAL AGENCY FUND
- STATEMENT OF EARNINGS 63
EXHIBIT E-5 INTRAGOVERNMENTAL AGENCY FUND
- STATEMENT OF CHANGES IN
FINANCIAL POSITION 64
(Continued on next page)
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ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY,COLORADO
TABLE OF CONTENTS - Continued
Page
INTRAGOVERNMENTAL SERVICE FUNDS - Continued
Schedule 1 Intragovemmental Agency Fund - Schedule of
Income and Expenses - Estimated/Budgeted
and Actual 65
NOTES TO FINANCIAL STATEMENTS 66
TRUST AND AGENCY FUNDS
EXHIBIT F-1 LIBRARY SPECIAL FUND - BALANCE SHEET 69
EXHIBIT F-2 LIBRARY SPECIAL FUND - STATEMENT CF
REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE 70
Schedule 1 Library Special Fund - Schedule of Revenues
Compared with Estimate 71
Schedule 2 Library Special Fund - Schedule of
Expenditures Compared with Budget 72
NOTES TO FINANCIAL STATEMENTS 73
GENERAL FIXED ASSET GROUP OF ACCOUNTS
is
EXHIBIT G-1 STATEMENT OF CHANGES IN GENERAL
FIXED ASSETS 75
I NOTES TO FINANCIAL STATEMENTS 76
GENERAL LONG-TERM DEBT GROUP OF ACCOUNTS
EXHIBIT H-1 STATEMENT OF GENERAL LONG-TERM DEBT 78
NOTES TO FINANCIAL STATEMENTS 79
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Summary of Significant Accounting Policies 81
ADDITIONAL FINANCIAL STATEMENTS
WELD COUNTY FAIR 87
WELD COUNTY RETIREMENT PLAN 94
WELD COUNTY TREASURER 104
WELD COUNTY CLERK AND RECORDER 111
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ANDERSON 8C WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
ANDERSON & WHITNEY
CERTIFIED PUBLIC ACCOUNTANTS
GREELEY NATIONAL PLAZA
GREELEY, COLORADO 80631
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i, Board of County Commissioners
Weld County, Colorado
Greeley, Colorado
We have examined the financial statements of the various funds and account
groups of Weld County, Colorado, a home rule county, listed in the foregoing
table of contents (EXHIBITS A thru H and supporting schedules), as of December 31 ,
1977 and for the year then ended. Our examination was made in accordance with
generally accepted auditing standards and , accordingly, included such tests of
' the accounting records and such other auditing procedures as we considered
necessary in the circumstances , except as noted in the following paragraphs .
Intragovernmental Service Funds
The County does not have an adequate system of accounting to insure that
all fixed assets of the Intragovernmental Agency Fund are properly recorded and it
was impractical to substantiate the existence of fixed assets since a physical
inventory has not been completed.
As discussed in Note 4 of the notes to financial statements of the Intra-
governmental Service Funds , the County follows the policy of charging other
county funds for the use of Intragovernmental Agency Fund fixed assets .
Sufficient documentation was not available to determine the propriety of
standard rental rates charged for replacement of these fixed assets .
In our opinion, except for the effects of such adjustments , if any, as
might have been determined to be necessary had adequate records of fixed assets
been available and had the propriety of standard replacement rates been determin-
able, the financial statements of the Intragovernmental Agency Fund present fairly
the financial position of the fund at December 31 , 1977 , and the results of its
operations and changes in its financial position for the year then ended, in
conformity with generally accepted accounting principles applied on a basis
consistent w Lth that of the preceding year.
General Fixed Assets
The County does not have an adequate system of accounting to insure that
all fixed assets of the General Fixed Asset group of accounts are properly recorded
and it was impractical to substantiate the existence of fixed assets since a
physical inventory has not been completed .
Board of County Commissioners - Continued
In our opinion, except for the effects of such adjustments , if any, as might
have been determined to be necessary had adequate records of fixed assets been
available, the financial statements of the General Fixed Asset group of accounts
present fairly the financial position of the group of accounts at December 31 , 1977,
in conformity with generally accepted accounting principles applied on a basis
consistent with that of the preceding year.
Separate Reports
The financial statements of the Weld County General Hospital Operating
Fund and Weld County General Hospital Depreciation Fund as of December 31 ,
1977 and for the year then ended are not included in these financial statements .
They were examined and reported on separately by other auditors .
The financial statements of the Larimer-Weld Council of Governments Fund
i as of September 30, 1977 and for the nine months then ended are not included in
these financial statements . They were examined by us and have been reported on
under separate cover.
In our opinion, the aforementioned financial statements , listed in the fore-
going table of contents (EXHIBITS A thru H and supporting schedules) other than
the financial statements for the Intragovernmental Agency Fund and General Fixed
Asset group of accounts , present fairly the financial position of those funds
' and account groups of Weld County, Colorado at December 31, 1977 , and the
results of such funds' operations for the year then ended, in conformity with
generally accepted accounting principles applied on a basis consistent with that
of the preceding year.
Expenditures within certain budget classifications of various funds exceeded
their related appropriation. This may constitute a violation of the Weld County
Home Rule Charter and the Colorado Revised Statutes .
c
July 21 , 1978 except for
General Fund Note 6 as
to which the date is
August 21 , 1978
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ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS, GREELEY. COLORADO
Combloed Statemeots
All Funds
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ANDERSON &WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS. GREELEY.COLORADO
WELD COUNTYL COLORADO EXHIBIT A-2
GENERAL AND SPECIAL REVENUE FUNDS
COMBINED STATEMENT OF GENERAL GOVERNMENTAL REVENUES
Year Ended December 31 , 1977
Actual
Over/(Under)
TAXES: Actual Estimate Estimate
General $ 4,136,718 $ 4,109,545 $ 27 ,173
Special revenue 4,313,560 4 ,330,022 (16 ,462)
Total Taxes 8,450 ,278 8,439,567 10,711
LICENSES AND PERMITS:
General 141 ,938 159 ,000 (17,062)
INTERGOVERNMENTAL REVENUES:
General 308 ,096 563,459 (255 ,363)
Special revenue 11 ,312 ,021 10,895,973 416 ,048
Total Intergovernmental Revenues 11 ,620, 117 11 ,459 ,432 160,685
CHARGES FOR SERVICES:
General 970,032 1 ,112,606 (142 ,574)
Special revenue 210 ,972 197,546 13 ,426
Total Charges for Services 1 ,181 ,004 1 ,310,152 (129,148)
FINES AND FORFEITS:
General 2 ,364 2,700 (336)
MISCELLANEOUS REVENUE:
General 1 ,511 ,915 1 ,584,477 (72 ,562)
Special revenue 635 ,010 197,225 437 ,785
Total Miscellaneous Revenue 2 , 146 ,925 1 ,781,702 365 ,223
TRANSFERS FROM OTHER COUNTY FUNDS:
General 264,926 153,351 111 ,575
Special revenue 613,148 554,254 58,894
Total Transfers from Other
County Funds 878 ,074 707,605 170,469
TOTAL REVENUES $ 24,420,700 $ 23,860,158 $ 560 ,542
The Notes to Combined Financial Statements are an integral part of this exhibit.
6
ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY, COLORADO
WELD COUNTY, COLORADO EXHIBIT A-3
GENERAL AND SPECIAL REVENUE FUNDS Page 1
COMBINED STATEMENT OF GENERAL GOVERNMENTAL EXPENDITURES
Year Ended December 31 , 1977
Actual
(Over)/Under
Actual Budget Budget
I GENERAL GOVERNMENT:
General $ 3,554,159 $ 3,760 ,834 $ 206 ,675
JUDICIAL:
General 317 ,937 322,038 4,101
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PUBLIC SAFETY:
General 1 ,198 ,836 1 ,136 ,204 (62 ,632)
COUNTY ROADS AND HIGHWAYS:
General 129,221 123 ,419 (5 ,802)
II Special revenue 4,301 ,591 5,068,703 767 ,112 •
Total County Roads and Highways 4,430,812 5 ,192 ,122 .761 ,310
HEALTH AND HOSPITALS:
General 913 ,763 1 , 124,646 210,883
Special revenue 1 ,444 ,392 1 ,336,208 (108 ,184)
Total Health and Hospitals 2 ,358 ,155 2 ,460,854 102 ,699
PUBLIC WELFARE:
Special revenue 6 ,770 ,609 6,976,930 206 ,321
AUXILIARY SERVICES:
General 638 ,518 827,206 188 ,688
Special revenue 2 ,240,511 2 ,109,513 (130 ,998)
Total Auxiliary Services 2 ,879 ,029 2,936 ,719 57 ,690
CAPITAL OUTLAY - LAND
AND BUILDINGS:
General 36 ,420 34,343 (2 ,077)
Special revenue 2 ,526 ,297 2 ,554,780 28,483
Total Capital Outlay - Land
and Buildings 2 ,562 ,717 2 ,589 ,123 26 ,406
INTERGOVERNMENTAL EXPENDITURES:
I General 71 ,924 64,517 (7 ,407)
(Continued on next page)
ANDERSON &WHITNEY.CERTIFIED PUBLIC ACCOUNTANTS. GREELEY.COLORADO
•
WELD COUNTY, COLORADO EXHIBIT A-3
GENERAL AND SPECIAL REVENUE FUNDS Page 2
COMBINED STATEMENT CF GENERAL GOVERNMENTAL EXPENDITURES
Year Ended December 31 , 1977
Actual
i� (Over)/Under
Actual Budget Budget
MISCELLANEOUS:
General $ 463,856 $ 430 ,885 $ (32 ,971)'.
Special revenue 15 ,000 40(1,000 385 ,000
Total Miscellaneous 478,856 830,885 352 ,029
TRANSFERS TO OTHER COUNTY FUNDS:
General 181 ,412 69 ,582 (111 ,830)
Special revenue 485 ,559 (485 ,559)
Total Transfers to Other
County Funds 666,971 69 ,582 (597 ,389)
TOTAL EXPENDITURES $ 25 ,290,005 $ 26 ,339 ,808 $ 1 ,049 ,803
The Notes to Combined Financial Statements are an integral part of this exhibit.
I
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ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO EXHIBIT A-511
COMBINED STATEMENT OF DELINQUENT TAXES RECEIVABLE li
December 31 , 1977 1
Special Capital
General Revenue Projects it
Fund Funds Funds Total
ii Delinquent Taxes by Year:
1974 and prior $ 13 ,285 $ 18,100 $ 7 ,607 $ 38,993!i
1975 1 ,472 1 ,619 952 4,043
'i 1976 8 ,421 8 ,789 5 ,005 22,214
Total Delinquent Taxes 23,178 28 ,508 13,564 65 ,250;,
Less: Estimated uncollectible
45 ,6211
delinquent taxes 14,757 22 ,305 8,559
I! Delinquent Taxes Receivable - net $ 8,421 $ 6 ,203 $ 5 ,005 $ 19 ,629I
; 11
II The Nctes to Combined Financial Statements are an integral part of this exhibit.
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ANDERSON &WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS. GN£EIEY, COLORADO
WELD COUNTY, COLORADO EXHIBIT A-6
COMBINED STATEMENT OF INVESTMENTS BY WELD COUNTY TREASURER
December 31 , 1977
Certificate Interest Maturity
Number Rates % _ Dates Cost
Certificates of deposit:
Cache National Bank Var. 5 . 750 - 6.875 1/78 - 3/78 $ 1 ,250 ,000 :
Central Bank of
Greeley Var. 6 . 000 - 6.750 1/78 - 3/78 500,000
Eaton Bank Var. 6.000 - 7 000 1/78 - 12/78 400,000
Erie State Bank 595 5 .000 1/78 50,000 ':.
Farmers National Bank Var. 6.000 - 6.875 1/78 - 5/78 700,000 :
. First National Bank
of Greeley Var. 6.500 - 6.625 1/78 - 3/78 822 ,677 ,1
First National Bank
of Johnstown Var. 6.250 - 6.750 2/78 - 3/78 300 ,000 :,
• First National Bank is
of Windsor Var. 6. 125 - 6.375 1/78 - 2/78 500,000 •
Greeley National Bank Var. 6 . 125 - 7.000 1/78 - 3/78 1 ,309,608
Hereford State Bank 247 7 .000 12/78 50,00011
Platte Valley Bank Var. 7. 000 12/78 100,000
United Bank of Greeley Var. 6.375 - 6. 875 1/78 - 3/78 1 ,050,000 I
United Bank of 1
La Salle Var. 6.375 - 6 .500 1/78 - 2/78 300 ,000
Weld Colorado Bank Var. 6.250 - 6.375 1/78 - 2/78 250,0001.
West Greeley •
National Bank Var. 6 .500 - 7.250 3/78 - 5/78 500,000 ,
Majestic Savings and
Loan Association Var. 6.000 1/79 20,000.1
Northern Colorado 11
Savings and Loan 11
Association Var. 5 .500 - 6.000 12/78 20,000,;
World Savings and
ii
Loan Association Var. 5 .250 - 6.000 12/78 20,000 ,
Total Investments $ 8 , 142 ,285
The Notes to Combined Financial Statements are an integral part of this exhibit. •
1I
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:I - 11 -
ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
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ANDERSON &WHITNEY. CERTIFIED Pus Lic ACCOUNTANTS, GREELtEY.COLORADO
WELD COUNTY, COLORADO
NOTES TO COMBINED FINANCIAL STATEMENTS
Year Ended December 31 , 1977
Note 1 - Summary of Significant Accounting Policies:
(See page 81 .)
it
____ . ._._.. ..._.._...- - 13= -... _. .__.. _...._.-_.
ANDERSON & WHITNEY. CERri i o PUSLiC ACCOUNTANTS. GREELEY.COLORADO
General Fuod
- 14 -
ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO EXHIBIT B-1
GENERAL FUND
BALANCE SHEET
December 31 , 1977
ASSETS
Cash with treasurer $ 1 ,349 ,413
Cash - other 34 ,279
Accounts receivable - ambulance service,
less allowance of $17 ,405 52 ,211
Delinquent taxes receivable, less
ji allowance of $14 ,757 8 ,421
Due from other governmental units 361 ,543
Inventory of supplies - at lower of
cost or market 43 ,148
Other assets 30,402
TOTAL ASSETS $ 11_879 ,417
LIABILITIES, RESERVES, AND FUND BALANCE
LIABILITIES:
Warrants payable $ 127,951
Accounts payable 152 ,609
Accrued salaries payable 299 ,160
Accrued payroll taxes payable 67 , 178 .'
Other liabilities 112,548
Due to other county funds 209,043
Unexpended grant revenue 282 ,734
•
Total Liabilities 1 ,251 ,223
RESERVES:
Reserve for inventory of supplies 43 ,148
FUND BALANCE:
Appropriated 539 ,777
Unappropriated 45 ,269
it Total Fund Balance 585 ,046
TOTAL LIABILITIES, RESERVES AND FUND BALANCE $ 1 ,879 ,417
• The Notes to Financial Statements are an integral part of this exhibit.
•
!j
ANDERSON et WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELCY. COLORADO
WELD COUNTY, COLORADO EXHIBIT B-2_
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
Year Ended December 31 , 1977
REVENUES: (Schedule 1)
Taxes $ 4, 136 ,718
Licenses and permits 141 ,938
Intergovernmental revenue 308,096
Charges for services 970,032
Fines and forfeits 2 ,364
Miscellaneous revenue 1 ,511 ,915
Transfers from other county funds 264 ,926
Total Revenues 7,335 ,989
EXPENDITURES: (Schedule 2)
General government 3,651 ,159
Judicial 317,937
Public safety 1 ,198 ,836
County roads and highways 129 ,221
Health and hospitals 913,763
Auxiliary services 638,518
Capital outlay -- land and buildings 36 ,420
Intergovernmental expenditures 71 ,924
Miscellaneous 366 ,856
Transfers to other county funds 181 ,412
Total Expenditures 7 ,506 ,046
EXCESS (DEFICIENCY) CF REVENUES OVER EXPENDITURES (170,057),
FUND BALANCE, January 1 , 1977 755 ,103
FUND BALANCE, December 31 , 1977 $ 585 ,046
The Notes to Financial Statements are an integral part of this exhibit.
•
16 -
ANDERSON &WHITNEY.CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO Schedule 1
GENERAL FUND Page 1
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
Actual
Over/(Under)
Actual Estimate Estimate
TAXES:
General property taxes $ 3 ,839 ,913 $ 3,867,645 $ (27 ,732)
' Specific ownership taxes 287 ,560 235 ,000 52,560
Penalties and interest on
' delinquent taxes 9 ,245 6,900 21345 '
Total Taxes 4,136 ,718 4 , 109 ,545 27 , 173
LICENSES AND PERMITS:
Business licenses - liquor 4 ,430 1 ,500 2 ,930
Building permits 94 ,125 110,000 (15 ,875)
Electrical permits 38 ,935 43 ,000 (4 ,065)
Planning commission permits 4,448 4,500 (52)
Total Licenses and Permits 141 ,938 159 ,000 (17 ,062)
INTERGOVERNMENTAL REVENUE:
Planning 701 14 ,838 - 14 ,838
Grants applied - HUD urban renewal 70 ,422 250,000 (179 ,578)
Grants applied - LEAA consumer affairs 29 ,619 29 ,380 239
Grants applied - LEAA juvenile
investigation 3 ,203 2 ,918 285
Grants applied - LEAA youth i
shelter home - 2 ,143 (2 ,143)
Payments in lieu of taxes 69 ,888 100,000 (30,112)
Cigarette tax 69 ,487 65 ,000 4,487
Grants applied - House Bill #1041 21 ,349 26,750 (5 ,401)
Grants applied - House Bill #1041
- supplemental 9 ,130 50,000 (40 ,870)
,i
'. Planning and zoning - 16,500 (16 ,500)
Federal program match - 7,000 (7 ,000)
Communications maintenance
- cities and towns 3 ,420 5 ,568 (2 ,148) ,
!! Building inspections - cities and towns 16 ,740 8,200 8 ,540
I' Total Intergovernmental Revenue 308 ,096 563,459 (255 ,363)
(Continued on next page)
i
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS, GREELEY, COLORADO
WELD COUNTY, COLORADO Schedule 1
GENERAL FUND Page 2
II
Schedule of Revenues Compared with Estimate_
Year Ended December 31 , 1977
Actual I
Over/(Under)
Actual Estimate Estimate
CHARGES FOR SERVICES:
Ambulance charges $ 208 , 173 $ 203,362 $ 4 ,811
Clerk and Recorder's fees 434,661 405,000 29 ,661
Fair 13 ,993 20,000 (6 ,007)
District Attorney - Social Services 22,786 16 ,500 6 ,286
Extension service 2,411 2,500 (S9)
Other planning fees 9 ,581 13,000 (3 ,419)
II Sheriff's fees
34,271 37,000 (2 ,729)
Treasurer's fees 184,948 130,000 54,948
Pierce ambulance charges 5 ,622 8, 150 (2 ,528)
Parking charges 7 ,524 6,000 1 ,524
Communications maintenance - 11 ,902 (11 ,902)
Humane Society - 219,192 (219 ,192)
County Attorney - Social Services 33 ,471 40,000 (6,529)
Computer services 12 ,591 - 12 ,591
Total Charges for Services - 970,032 1 ,112 ,606 (142 ,574)
FINES AND FORFEITS:
Library fines 2 ,364 2 ,700 (336)
Total Fines and Forfeits 2 ,364 2 ,700 (336)
MISCELLANEOUS REVENUE:
IV D incentives 17 ,282 - 17,282
A-87 cost allocation 16 ,305
- 16 ,305
Boulder County - data processing 264,024 267 ,349 (3 ,325)
Weld County - data processing 326 ,239 343,471 (17 ,232)
jl Larimer County - Alcohol Recovery Center - 7 ,200 (7 ,200)
State share - District Attorney salaries 23 ,105 23,200 (95)
Mimeograph sales 85 ,285 50,000 35 ,2$5
Civil defense - 650 (650)
. Motor fuel tax refunds - 300 ( 0 )
Veterans officer 550 - 30
ji Workmen's compensation refunds 1 ,650 - 1 ,650
Earnings on investments 436 ,804 625 ,000 (188 ,196)
i Rents 2 ,884 1 ,400 1 ,484
Royalties 168 ,764 50,000 118,764
Welfare fraud recoveries 7 ,190 24,550 (17,360)
Miscellaneous 110,042 95 ,000 15 ,042
(Continued on next page)
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS.GREELEY.COLORADO
WELD COUNTY, COLORADO Schedule 1
GENERAL FUND Page 3
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
Actual
Over/(Under)
Actual Estimate Estimate
MISCELLANEOUS REVENUE - Continued:
Sale of property assets $ 999 $ 25 ,000 $ (24,001)
Youth shelter home - Social Services 39 ,571 36,357 3 ,214
Clerk and Recorder - miscellaneous 160 - 160
Advertising 5 ,011 7,000 (1 ,989)
Rent - exhibition building 2 ,600 2 ,000 600
I Farm income 3 ,000 26 ,000 (23 ,000)
Parking deposits 450 - 450
Total Miscellaneous Revenue 1 ,511 ,915 i584,477 (72 ,562)
TRANSFERS FROM OTHER COUNTY FUNDS:
From Contingent Fund 250,351 153 ,351 97 ,000
From Federal Revenue Sharing Fund 14,575 - 14 ,575
Total Transfers from Other •
County Funds 264,926 153 ,351 111 ,575
TOTAL REVENUES $ 7 , 335 ,989 $ 7 ,685 ,138 $ (349 ,149) 1
The Notes to Financial Statements are an integral part of this schedule.
Ii
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS.GREELEY.COLORADO
WELD COUNTY, COLORADO Schedule 2
GENERAL FUND Page 1
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1977
Actual
(Over)/Under
Actual Budget Budget
': GENERAL GOVERNMENT:
Commissioners - office of the board $ 135 ,609 $ 136,911 $ 1 ,302
County Attorney 149 ,553 147, 164 (2 ,389) r
. Public Trustee 559 1 ,016 457 1
Planning 165 ,270 176 ,741 11 ,471 'j
Planning House Bill #1041 21 ,349 35 ,955 14 ,606 1
it Planning House Bill #1041
- supplemental 19 ,130 60,000 40 ,870
! Accounting 143 ,878 147,771 3 ,893
Auditor 42 ,635 42,800 165
Clerk and Recorder 466 ,878 500,816 33 ,938
Elections 42 ,916 46,091 3 , 175
' County Treasurer 165 ,859 151 ,591 (14 ,268)
County Assessor 417 ,976 459,084 41 ,108
County Council 4,680 12 ,781 8 ,101 .,
Personnel 38,093 48,623 10 ,530
. Buildings and grounds 499 ,956 553,122 53 ,166
Central data processing 326 ,239 320,039 (6 ,200)
Computer services 602 ,841 602 ,665 (176) ,�
County wide communications 156 ,600 160, 105 3 ,505
Communications 135 ,591 134, 199 (1 ,392)
Purchasing 18,547 23 ,360 4,813 ;I
Total General Government 3 ,554 ,159 3 ,760,834 206,675
JUDICIAL:
District Attorney 317,937 322 ,038 4,101
II
Total Judicial 317,937 322 ,038 4,101
PUBLIC SAFETY:
County Sheriff 1 ,048,364 979,655 (68,709) ;
Blood alcohol 10,739 13 ,000 2 ,261
'• County Coroner 24,441 29 ,346 4,905 ,j
Building inspection 115 ,292 114,203 _ (1 ,089)
Total Public Safety 1 ,198,836 1 , 136,204 (62 ,632)
(Continued on next page)
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---_ . -- -
.._
ANDERSON &WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS. GREELEY, COLORADO
WELD COUNTY, COLORADO Schedule 2
GENERAL FUND Page 2
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1977
Actual
(Over)/Under
Actual Budget Budget
COUNTY ROADS AND HIGHWAYS: •
County Engineer $ 129,221 $ 123,419 $ (5 ,802)
Total County Roads and Highways 129,221 123,419 (5 ,802)
i •
HEALTH AND HOSPITALS:
Health Department - county
i contribution 549 ,095 543 ,798 (5 ,297)
i• Ambulance service 256 ,192 256 ,961 769
; Pierce ambulance service 2 ,552 3 ,642 1 ,090
• Predatory animal control 12 ,800 12 ,800 -
County wide animal control 22 ,015 229 , 192 207 ,177
Pest and weed control 55 ,307 60, 128 4,821
Pest Inspector 13 ,844 13, 125 (719)
Sanitation - land fills 1 ,958 5 ,000 3 ,042
Total Health and Hospitals 913 ,763 1 , 124,646 210 ,883
• i.
!AUXILIARY SERVICES:
•
Extension service 83 , 162 84,887 1 ,725
County fair 45,688 40,000 (5 ,688)
Exhibition building 31 ,455 44,660 13 ,205
Northern Colorado Research Center 3 ,000 3,000 -
West Greeley soil conservation 7 ,001 7,079 78
Library 201 ,392 198,988 (2 ,404) .
Airport 5 ,403 5 ,403
- :�
Veteran's office 21 ,706 22 ,215 509 i�
Missile park 3,710 9,176 5 ,466 i
I Nursing home - 500 500
I Urban renewal 84,997 250,000 165 ,003 .�
Consumer's affairs 56 ,071 56,082 11
Juvenile investigation 14,813 16,579 1 ,766
Welfare fraud investigation 13,743 16,476 2 ,733
'!
Youth shelter home 66 ,377 72 ,161 5 ,784
I Total Auxiliary Services 638,518 827,206 188,688
•i
CAPITAL OUTLAY - LAND AND BUILDINGS: :
Building improvements 8,631 - (8,631)
Other 27,789 34, 343 6 ,554
Total Capital Outlay -- Land
and Buildings 36 ,420 34,343 (2 ,077)
i
I (Continued on next page)
�—... - 21 -
ANDERSON & WHITNEY, CeRTIFIEo PUBLIC ACCOUNTANTS. GREELEY.COLORADO
WELD COUNTY, COLORADO Schedule 2
GENERAL FUND Page 3
Schedule of Expenditures Compared with Budget
ij Year Ended December 31 , 1977
it
Actual
(Over)/Under
Actual Budge_t Budget
INTERGOVERNMENTAL EXPENDITURES:
Larimer-Weld COG $ 71 ,924 $ 64,517 $ (7 ,407)
Total Intergovernmental
Expenditures 71 ,924 64,517 (7 ,407)
I; MISCELLANEOUS:
Printing and supplies 102 ,335 102 ,464 129
Davis farm 2 ,225 2,219 (6)
Training - out of state 5 ,132 9 ,402 4,270
Non-departmental 257, 164 316,800 59 ,636
Land use civil lawsuit settlement 97,000 - (97,000)
Total Miscellaneous 463,856 430,885 (32 ,971)
TRANSFERS TO OTHER COUNTY FUNDS:
To Human Resources
- Youth Service Bureau 50,433 54,269 3 ,836
To Human Resources
- Volunteer Resource Bureau 11 ,225 11 ,872 647
is
To Residential Child Care
Facility Fund 2 ,395 3 ,441 1 ,046
To Inteagovernmental Agency Fund 93 ,825 _ (93 ,825)
To Employee Retirement Fund 23 ,534 (23 ,534)
ii
Total Transfers to Other
County Funds 181 ,412 69 ,582 (111 ,830)
•
TOTAL EXPENDITURES $ 7 ,506 ,046 $ 7,893,674 $ 387 ,628
The Notes to Financial Statements are an integral part of this schedule.
it
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ANDERSON &WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS.Y'RCELEY. co
WELD COUNTY, COLORADO
GENERAL FUND
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31 , 1977
Note I - Summary of Significant Accounting Policies:
Inventories:
Inventory of supplies are stated at cost, determined by the first-in,
first-out method. All purchases of supplies are considered to be
expenditures at the time of purchase, therefore an offsetting
reserve for inventory of supplies has been established.
Grant Revenue:
Grant revenue is recognized to the extent of expenditures incurred.
The portion of the total grant which has not been spent is reflected !
as unexpended grant revenue and is represented by cash and ;
receivables , less related liabilities.
! j
Interest on Investments: li
Interest earned on investments of cash held by the County Treasurer :!
is recorded as revenue in the General Fund, with the exception of .
interest attributable to the Federal Revenue Sharing Fund, Weld •
County General Hospital Capital Fund and the interest earnings on
certain deposits held for other taxing authorities. This income is
allocated to the respective funds and accounts .
(See page 81 for additional significant accounting policies.)
Note 2 - Federal Revenue Sharing: !`
Revenue sharing entitlements and expenditures are recorded and !.
budgeted in the Federal Revenue Sharing Fund. In addition, appli-
cable expenditures (urban renewal) are also reflected within the
• General Fund which is the normal operating fund for these costs ''
with the recognition of revenue through a transfer from other county
funds (Federal Revenue Sharing Fund) in the same amount as the
expenditures .•
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li
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ANDERSON et--WI-41Y.CERTIFIED PUBLIC ACCOUNTANTS.G .COLORADO
WELD COUNTY, COLORADO
II GENERAL FUND
it
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1977
Note 3 - Leases:
The County, jointly with Boulder County, leases a computer and
peripheral equipment from IBM. The leases are for two to five year
! terms and expire in 1979 through 1982. If the County does not
�I appropriate funds needed to make payments beyond the then current
year, the leases may be terminated at the end of that year. Lease
expenditures for the County during the year ended December 31 , 1977 '
were $127 ,336 .
Weld County's share of the lease commitments at December 31 , 1977 II
is $453 ,333 payable as follows:
1978 $ 101 ,870
1979 100,370
1980 94,620
1981 94,620
1982 61 ,853
II The County, jointly with Boulder County, has the option, while the
leases are in effect, to purchase all or selected units of the computer,
equipment. The County's share of the purchase price at December 31
of each year, for all the present computer equipment leased is as
follows: •
1977 $ 288,840
1978 217,312
1979 147,958
1980 79 ,644
1981 73 ,149
At May 31 , 1982, a major portion of the equipment may be purchased
for $72 ,615 .
II
•
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS, GREELEY. COLORADO
WELD COUNTY, COLORADO
GENERAL FUND
NOTES TO FINANCIAL STATEMENTS - Continued
Year
Ended December 31 , 1977
Note 4 - Budget:
et•
The 1977 General Fund budget, as adopted, included d departments for
Human Resources , Larimer-Weld Council of Governments and
Residentia
l Child Care Facility. late In1977 separatefunds
Pwere
established for these activities . The General Fund budget, as
reported in the financial statements for 1977, excludes these depart-
ments .
Note
5 Legal Actions and Asserted Claims:The County is currently the defendant in several lawsuits . Legal
counsel is of the opinion that insurance carried by the County
ty is
sufficient to cover an
y y potential adverse settlements .
In addition, there are several claims asserted against the County. Based
upon the opinion of legal counsel, these claims would be covered by
insurance and/or there does not appear to be a threat of significant
liability to the County.
Note 6 - Subsequent Event:
In August 1978 , the County settled a land use civil lawsuit which
arose from events occurring in 1972 . The settlement, in the amount
of $97 ,000, has been recognized as a 1977 expenditure of the
General Fund. Offsetting the expenditure i n the General
P Ge ral Fund is a
transfer from the Contingent
nt Fun
d.d. This
g transfer, applied
ed retro-
actively to 1977 , was based upon Board of County Commissioner
action in August 1978.
- 25 -
ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS GREELEY. COLORADO
Special
Revenue
Funds
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ANDERSON &WHITNEY.CearmEo Puauc Acco GREELzr.COLORADO
I'
I! WELD COUNTY, COLORADO Schedule 1
' SPECIAL REVENUE FUNDS
ROAD AND BRIDGE FUND
'i
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
Actual
Over/(Under)
Actual Estimate Estimate
TAXES: -
General property taxes $ 2 ,780,619 $ 2 ,800,000 $ (19 ,381)
Specific ownership taxes 206 ,521 200,000 6,521
Penalties and interest on I
delinquent taxes 6 ,093 5 ,500 593
Total Taxes 2,993 ,233 3 ,005,500 (12 ,267)
i
INTERGOVERNMENTAL REVENUE:
i Matching funds - snow and gravel 1 ,020 1 ,000 20
Ii Mineral leasing act 38,608 5 ,000 33 ,608
� Highway users tax 1 ,613 , 122 1 ,643 ,000 (29 , 878)
Motor vehicle registration fees 141 ,743 134,000 7,743 ,I
Section 219 - cities and towns 18, 123 - 18, 123 'l
Total Intergovernmental Revenue 1 ,812 ,616 1 ,783 ,000 29 ,616
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j MISCELLANEOUS REVENUE:
Materials and maintenance - other 6 ,869 500 6 , 369
Sale of fixed assets 8 ,423 - 8 ,423
Moving permits 140,357 150,000 (9,643)
!! Miscellaneous signs 9 ,521 1 ,500 8,021
lI Rent 1 ,380 2 ,500 (1 , 120)
Materials and services , county shops 470 100 370 I
Il Refund of expenditures p 4,488 1,000 3,488
li Escrow forfeit 9 ,863 - 9 , 863
ilTotal Miscellaneous Revenue 181 ,371 155 ,600 25 ,771
II TOTAL REVENUES $ 4,987 ,220 $ 4 ,944,100 $ 43, 120
il The Notes to Financial Statements are an integral part of this schedule. .
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ANDERSON & WHITNEY.CCRTirICD PUBLIC ACCOUNTANTS.GRESL[Y.COLORADO
jl WELD COUNTY, COLORADO Schedule 2
SPECIAL REVENUE FUNDS Page 1
ROAD AND BRIDGE FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1977
Actual
(Over)/Under
COUNTY ROADS AND HIGHWAYS: Actual Budget Budget
General Administration and Staff
Support Division:
General administration $ 1 ,836, 197 $ 1 ,813,342 $ (22,855)
Capital outlay 15,318 265 ,950 250,632
j
Total General Administration
and Staff Support Division 1,851 ,515 2,079,292 227,777 �I
Road and Sign Maintenance Division:
Sign group - general 10,652 12 ,000 1 ,348
Sign group - construction 73,424 86,550 13 ,126
Sign group - maintenance and repairs 12 ,079 13 ,000 921
Grader group - general 88, 149 92 ,500 4,351
Grader group - construction 161 ,696 148 ,500 (13 ,196)
Grader group - maintenance of
condition
362 ,034 388,000 25 ,966
Grader group - snow removal 24,092 30,000 5,908 '!
Grader group - repairs
and maintenance 2 ,836 3 ,200 364
Municipalities 506, 166 497,447 (8,719)
Total Road and Sign
Maintenance Division 1 ,241 , 128 1 ,271 ,197 30,069
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Construction Division:
Easements and rights-of-way 633 1 ,000 367
group '
Bridge and culvert
g p - general 10,831 10,500 (331)
Bridge and culvert group - structural
construction 298 ,994 383 ,614 84,620
Bridge and culvert group
- miscellaneous 36 ,986 17 ,900 (19,086)
Paving and highway maintenance
group - preliminary and
construction engineering 5 ,208 10,000 4,792
Paving and highway maintenance
group - roadway construction
(asphalt) 70,637 93,000 22 ,363
Paving and highway maintenance
group - maintenance of condition 334 ,267 403 ,100 68,833
Paving and highway maintenance
group - general roadway
li maintenance 245 ,682 564,000 318,318
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ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. G .COLORADO
WELD COUNTY, COLORADO Schedule 2
SPECIAL REVENUE FUNDS Page 2
i ROAD AND BRIDGE FUND
Schedule of Expenditures• A Compared with Budget
Year Ended December 31 , 1977
Actual
(Over)/Under
COUNTY ROADS AND HIGHWAYS: Actual Budget Budget
Construction Division - Continued:
Paving and highway maintenance
group - shoulders and approaches $ 14,857 $ 18 ,000 $ 3, 143
Paving and highway maintenance
group - roadside and drainage 1 ,735 9 ,500 7 ,765
Paving and highway maintenance
I• group - snow and ice removal 3 ,071 16 ,000 12 ,929
Paving and highway maintenance
group - miscellaneous 13,389 17 ,000 3 ,611
Channel and flood control 20,121 22 ,500 2 ,379
Gravel and quarry - pit operations 152 ,330 148,900 (3 ,430)
Gravel and quarry - miscellaneous 207 3,200 2,993
Total Construction Divison 1 ,208,948 1 ,718 ,214 509 ,266
Total County Roads and
Highways 4 ,301 ,591 5 ,068,703 767, 112
TRANSFERS TO OTHER COUNTY FUNDS:
To Intragovernmental Agency Fund 233 ,327 - (233,327)
Total Transfers to Other
County Funds 233,327 - (233 ,327)
TOTAL EXPENDITURES $ 4 ,534,918 $ 5 ,068,703 $ 533 ,785
The Notes to Financial Statements are an integral part of this schedule,
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ANDERSON &WHITNEY.CLRTIFILD PUBLIC ACCOUNTANTS.GREELEY• COLORADO
' I
WELD COUNTY, COLORADO Schedule 3
�.` SPECIAL REVENUE FUNDS !�
SOCIAL SERVICES FUND
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
Actual
Over/(Under)
Actual Estimate Estimate
TAXES:
General property taxes $ 1 , 176,608 $ 1 ,185 ,122 $ (8,514)
Specific ownership taxes 89 ,474 85 ,000 4,474
.j
Penalties and interest on
delinquent taxes 2 ,584 - 2 ,584
Total Taxes 1 ,268,666 1 ,270,122 (1 ,456)
INTERGOVERNMENTAL REVENUES:
Administration 1 , 158,663 1,290 ,958 (132,295)
SP-SB-168 7 ,866 - 7,866
Aid to the blind 8,702 10 ,400 (1 ,698)
Aid to dependent children 2 ,650,052 2 ,720,000 (69 ,948) �I
Aid to needy disabled 297,931 325 ,600 (27,669)
Medicaid transportation 3 ,898 5 ,000 (1 ,102)
Indo-Chinese refugee act 2 ,205 - 2,205
Child welfare 294 ,771 300,000 (5 ,229)
Day care 210,206 144 ,000 66,206
Service payments 6 ,008 4 ,800 1 ,208
Incentives - federal child support 26 ,783 - 26,783
Administration - IV D federal
• child support 63 ,633 69 ,375 (5 , 742)
Old age pension 723 ,194 805 ,000 (81 ,806)
Recoveries - IV D 127 ,563 - 127,563 !`
Total Intergovernmental Revenues 5 ,581 ,475 5 ,675 , 133 (93 ,658)
TOTAL REVENUES $ 6 ,850,141 $ 6945 ,255 $ (95, 114)
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The Notes to Financial Statements are an integral part of this schedule.
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ANDERSON &WHITNEY.CERTIFIED PUNLIC ACCOUNTANTS. G .C
t, ,
I. WELD COUNTY, COLORADO Schedule 4
SPECIAL REVENUE FUNDS
!� SOCIAL SERVICES FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1977
Actual
(Over)/Under ,
I
Actual _ Budget Budget
PUBLIC WELFARE:
Administration $ 1 ,549 ,633 $ 1 ,613,698 $ 64 ,065
SP-SB-168 7 ,866 - (7,866)
Aid to the blind 10,878 13,000 2 ,122 ,
Aid to dependend children 3 ,439 ,005 3 ,400,000 (39 ,005)
Aid to needy disabled 372 ,218 407,000 34,782
Medicaid transportation 3,898 5 ,000 1 ,102
General assistance 74,293 79 ,732 5 ,439
f. Indo-Chinese refugee act 2 ,205 - (2,205)
Child welfare 380,852 375 ,000 (5 ,852) ,,
Day care 242 ,032 180,000 (62 ,032)
Service payments 7 ,285 6,000 (1 ,285)
Administration - IV D - federal
child support 84 ,813 92 ,500 7 ,687
Old age pension 723 ,194 805 ,000 81 ,806
i
Total Public Welfare 6,898,172 6,976 ,930 78,758
CAPITAL OUTLAY - LAND
AND BUILDINGS:
Building acquisitions 42 ,000 - (42 ,000)
Total Capital Outlay - Land
and Buildings 42 ,000 - (42 ,000)
TOTAL EXPENDITURES $ 6,940, 172 $ 6 ,976,930 $ 36 ,758
II The Notes to Financial Statements are an integral part of this schedule.
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS, GREELEY.COLORADO
II WELD COUNTY, COLORADO Schedule 5
SPECIAL REVENUE FUNDS
FEDERAL REVENUE SHARING FUND �I
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977 I�
Actual
Over/(Under)
Actual Estimate Estimate
INTERGOVERNMENTAL REVENUE:
Federal entitlements $ 1,526,698 $ 1,300,000 $ 226 ,698
Total Intergovernmental Revenues 1 ,526,698 1 ,300,000 226 ,698
MISCELLANEOUS REVENUE:
Earnings on investments 71 ,201 - 71 ,201
Total Miscellaneous Revenue 71 ,201 - 71 ,201
it TOTAL REVENUES $ 1 ,597,899 $ 1 ,300 ,000 $ 297,899 it
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1977
Actual
(Over)/Under
Actual Budget Budget
AUXILIARY SERVICES: it
Urban renewal $ 14 ,575 $ - $ (14,575)
Total Auxiliary Services 14 ,575 - (14,575) !�
CAPITAL OUTLAY - LAND
AND BUILDINGS:
Building improvements 1 , 101 - (1 , 101) i1
Construction in progress 2 ,483 ,196 2 ,500,000 16 ,804
Total Capital Outlay
II - Land and Buildings 2 ,484 ,297 2,500,000 15 ,703 it
TOTAL EXPENDITURES $ 2 ,498,872 $ 2 ,500,000 $ 1 ,128
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The Notes to Financial Statements are an integral part of this schedule.
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ANDERSON &WHITNEY.CERTIFIED PURLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO Schedule 6
SPECIAL REVENUE FUNDS
CONSERVATION TRUST FUND
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
Actual
Over/(Under)
Actual Estimate Estimate
INTERGOVERNMENTAL REVENUE:
Allocation from State of Colorado $ 10, 115 $ 10,000 $ 115
Total Intergovernmental Revenues 10,115 10,000 115
TOTAL REVENUES
$ 10, 115 $ 10,000 $ 115
Schedule of Expenditures Compared with Budget
I I
Year Ended December 31 , 1977
Actual
it (Over)/Under �I
Actual Budget Budget
CAPITAL OUTLAY - LAND AND BUILDINGS:
Capital outlay - land $ - $ 42,818 $ 42 ,818
Total Capital Outlay - Land
and Buildings 42 ,818 42 ,818 jI
TOTAL EXPENDITURES $ - $ 42 ,818 $ 42 ,818
The Notes to Financial Statements are an integral part of this schedule.
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ANDERSON &WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
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WELD COUNTY, COLORADO Schedule 7'
j SPECIAL REVENUE FUNDS I'
CONTINGENT FUND
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
Actual I
Over/(Under)
Actual Estimate Estimate
TAXES:
General property taxes $ 47,998 $ 48,000 $ (2)
Specific ownership taxes 3,558 6,000 (2 ,442)
Penalties and interest on delinquent taxes 105 400 (295)
Total Taxes 51 ,661 54,400 (2 ,739)
TOTAL REVENUES $ 51 ,661 $ 54 ,400 $ (2 ,739)
Schedule of Expenditures Compared with Budget I.
Year Ended December 31 , 1977 �.
Actual
(Over)/Under
Actual Budget Budget
MISCELLANEOUS:
Unforeseen expenditures $ 15 , 000 $ 400,000 $ 385 ,000 �!
Total Miscellaneous 15 ,000 400,000 385 ,000
TRANSFERS TO OTHER COUNTY FUNDS:
To General Fund 250,351 - (250,351) II
To Social Services Fund 1 , 881 - (1 ,881) I
Total Transfers to Other County Funds 252 ,232 - (252 ,232)
TOTAL EXPENDITURES $ 267 ,232 $ 400,000 $ 132 ,768
The Notes to Financial Statements are an integral part of this schedule.
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ANDERSON &WHITNEY. CERrWrleO PUBLIC ACCOUNTANTS, GREELEY. COLORADO
•
II WELD COUNTY, COLORADO Schedule 8
SPECIAL REVENUE FUNDS
is
I� RESIDENTIAL CHILD CARE FACILITY FUND
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
• li
Actual 'I
ii Over/(Under)
Actual Estimate Estimate
INTERGOVERNMENTAL REVENUE:
�• Federal LEAA grant $ 43, 116 $ - $ 43,116
State grant 2 ,395 - 2 ,395
Total Intergovernmental Revenue 45 ,511 - 45 ,511
MISCELLANEOUS REVENUE:
Payments for child care services 22 ,510 - 22,510
Contributions 2 ,693 - 2,693
Total Miscellaneous Revenue 25 ,203 - 25,203
TRANSFERS FROM OTHER COUNTY FUNDS:
From General Fund 2 ,395 - 2,395
Total Transfers from Other County Funds 2 ,395 - 2 ,395
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TOTAL REVENUES $ 73, 109 $ - $ 73, 109
Schedule of Expenditures Compared with Budget !:
it Year Ended December 31 , 1977
Actual �I
II (Over)/Under ;I
Actual Budget Budget
AUXILIARY SERVICES:
Residential child care facility $ 70,416 $ 68 ,820 $ (1 ,596)
Total Auxiliary Services 70 ,416 68,820 (1,596)
TOTAL EXPENDITURES $ 70,416 $ 68,820 $ (1,596)
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The Notes to Financial Statements are an integral part of this schedule.
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ANDERSON a WHITNEY.CERTIFIEO PUBLIC ACCOUNTANTS.GREELEY.COLORADO
WELD COUNTY, COLORADO Schedule 9
: SPECIAL REVENUE FUNDS Page 1
I' PUBLIC HEALTH FUND II
Schedule of Revenues Compared with Estimate �I
Year Ended December 31 , 1977
Actual I'
Over/(Under)
Actual Estimate Estimate
iI INTERGOVERNMENTAL REVENUE:
�' Federal
$ 51 ,900 $ 55,697 $ (3 ,797)
Medicare A 128,478 83,340 45 , 138 :1
Medicare B 62 ,511 34,866 27 ,645
I� Medicare B cost adjustment
- prior year (14, 101) - (14 , 101)
Medicaid 6,235 9,900 (3,665)
I' Medicaid cost adjustment - prior year 2 ,420 - 2 ,420
State per capita contract 90,185 91 ,617 (1 ,432)
Regional 16,274 30,463 (14 ,189)
I' Northeast regional health department 6,851 - 6,851
State - computer services 1 ,327 - 1 ,327
State - mental health and halfway house 50,138 - 50,138 it
State - hospital 3 ,400 - 3 ,400 I�
State - other 290,287 318,690 (28,403)
Larimer county 7 ,200 7,200 -
Morgan county 287 - 287
Total Intergovernmental Revenue 703,392 631,773 71 ,619
CHARGES FOR SERVICES:
United Way 8 ,800 6,000 2,800 I�
Patient fees 107,923 121,865 (13,942)
Other patient fees 19,175 23,538 (4 ,363)
Salary reimbursement 31 ,857 12 ,751 19 ,106
Certified copies 5 ,757 5 ,700 57
Septic tank permits 18,362 12,000 6 ,362 1.
Meat inspections 9,615 12,392 (2 ,777) .I
Vaccine 438 - 438
II Medical supplies 5 , 866 2 ,500 3 ,366
Headstart physicals 341 - 341
Medical exams 2 ,838 800 2 ,038
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;I Total Charges for Services 210,972 197,546 13 ,426
i MISCELLANEOUS REVENUE:
Memorials 3 - 3
In-kind contributions 14,825 14,000 825
Miscellaneous 2,740 25, 125 (22,385)
I Total Miscellaneous Revenue 17,568 39 , 125 (21 ,557)
I� (Continued on next page) I
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ANDERSON &WHITNEY, CERTIFIED PUEL1C ACCOUNTANTS. GREELEY.COLORADO
WELD COUNTY, COLORADO
Schedule 9
SPECIAL REVENUE FUNDS Page 2
PUBLIC HEALTH FUND �I
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
Actual
Over/(Under)
Actual Estimate Estimate
TRANSFER FROM OTHER COUNTY FUNDS:
From General Fund $ 549 ,095 $ 488,113 $ 60,982 �I
Total Transfers from Other
County Funds 549 ,095 488, 113 60,982
TOTAL REVENUES $ 1 ,481 ,027 $ 1 ,356,557 $ 124 ,470
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The Notes to Financial Statements are an integral part of this schedule.
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ANDERSON &WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS. GREELEY.COLORADO
WELD COUNTY, COLORADO Schedule 10 i'
SPECIAL REVENUE FUNDS Page 1
PUBLIC HEALTH FUND I�
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1977
I i
Actual
(Over)/Under
HEALTH AND HOSPITALS: Actual Budget Budget �I
Health officer $ 32 ,501 $ 27,820 $ (4, 681)
Health education
14 ,387 12 ,571 (1 ,816)
Perpetual inventory 3 ,930 - (3,930) �±
Business/personnel management 74,349 79,711 5 , 362
Custodial/statistical/other 68,307 13,279 (55 ,028)
In-service education 3 ,063 6,403 3,340
Meat inspections
10 ,189 11,480 1 ,291
Laboratory 26,078 26,069 (9)
In-home health care 16,795 - (16 ,795)
Free service - United Way 519 6 ,000 5 ,481
Hypertension screening 3 ,733 3,908 175
Alcohol detoxification center 196 ,560 165,279 (31 ,281)
Vital statistics 9 ,950 9 ,504 (446) I:
TB control 27 ,322 26,609 (713)
Venereal disease 24 ,446 22 ,951 (1 ,495)
International certificate 1 ,089 2,125 1 ,036
Other cummunicable diseases 37,875 27,832 (10 ,043)
Epidemology p- gy 3 ,602 7,633 4 ,031
Family planning 94 ,967 97 ,955 2 ,988 i!
Supplemental foods 2 ,268 1,828 (440)
Maternity 26,289 23,282 (3 ,007)
Child health maintenance 26 , 146 11 ,364 (14 ,782)
Developmental/evaluation clinics 2 ,718 5 ,433 2 ,715
Child health clinics 10, 167 21 ,232 11 ,065
Handicapped children's clinics 7 ,325 7,595 270
School health services 4 ,258 5 ,767 1 ,509
Scoliosis screening - 285 285
Young adult health care 9 ,726 19 ,814 10,088
East Side Health Center 14,011 13,915
Adult health maintenance 73 ,768 71, 118 (2,650)
Homemaker aide program 153,459 128,494 (24,965) �!
Title XX homemaker aide program 111 ,292 127,667 16 ,375
Visiting nurses program - home
health care 120 ,537 110,356 (10,181)
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(Continued on next page)
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. G .COLORADO
� I!
WELD COUNTY, COLORADO Schedule 10!
SPECIAL REVENUE FUNDS Page 2 I;
PUBLIC HEALTH FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1977
Actual
(Over)/Under.I'
Actual Budget Budget j!
HEALTH AND HOSPITALS -- Continued:
Physical therapy $ 16 ,428 $ 9 ,792 $ (6 ,636)
Speech therapy 1 ,676 1 ,792 116
Occupational therapy 10, 100 3 ,742 (6,358)
Home health aides 9 ,266 24,253 14,987
General health - nursing 24,090 25 ,801 1,711 P
Mental health and mental retardation 214 164 (5 0)
Migrant health care - 1,139 1 ,139
Genetic counseling - 285 285
Air quality control - enforcement 11 ,815 11 ,703
(112)
Solid waste disposal 4 ,428 4,944 516
Food service sanitation 16,663 17 ,126 463
Radiological hazard control 525 581 56 it
Occupational hazard control 325 364 39
Milk sanitation 31 ,381 29 ,600 (1 ,781)
Sewage disposal - public 21 ,574 24,251 2 ,677
Water quality control
3 , 120 3,545 425
Potable water supply 16 ,700 19 ,696 2 ,996
Institutional sanitation and regulations 1 ,097 1 ,132 35 I'
Kennel and pet shops 1 ,373 1 ,562 189
Environmental planning 33, 146 27,036 (6 ,110) �.
Rabies control 4,402 4,527 125
safety 439
School sanitation and X468 29 II
Child care facilities 592 693 101
Recreational facilities 2 , 198 2 ,408 210
' Rodent and insect control 3,231 3,739 508
Regional waste water 17 ,983 20,586 2 ,603
Total Health and Hospitals 1 ,444 ,392 1 ,336 ,208 (108 ,184)
TOTAL EXPENDITURES $ 1 ,444,392 $ 1 ,336,208 $ (108, 184)
The Notes to Financial Statements are an integral part of this schedule.
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ANDERSON &WHITNEY. CaRTIFIBo PUBLIC ACCOUNTANTS.G COLORADO
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WELD COUNTY, COLORADO Schedule 11
SPECIAL REVENUE FUNDS
HUMAN RESOURCES FUND iI
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
Actual II
Over/(Under)
�. Actual Estimate Estimate
I INTERGOVERNMENTAL REVENUES:
Grants applied - CETA $ 1 ,203 ,121 $ 1 ,032,689 $ 170,432
Grants applied - CSA 159 ,783 141 ,503 18,280 •
Grants applied - HEW 312,022 279 ,875 32 ,147 '!
Grants applied - Action 1 ,964 - 1 ,964
Grants applied - COHR 969 - 969
Grants applied - CDSS 81 ,918 42,000 39 ,918
Total Intergovernmental Revenues 1 ,759 ,777 1 ,496,067 263,710
MISCELLANEOUS REVENUE:
Non-federal in-kind contributions 309 ,958 - 309 ,958
Program income 23 ,115 - 23 , 115
Other income 1 ,012 - 1 ,012
Total Miscellaneous Revenue 334,085 - 334,085
TRANSFERS FROM OTHER COUNTY FUNDS:
From General Fund - Youth
Service Bureau 50,433 54,269 (3 ,836) �
From General Fund - Volunteer li
Resource Bureau
11 ,225 11 ,872 (647)
Total Transfers from Other
County Funds
61 ,658 66,141 (4 ,483)
TOTAL REVENUES $ 2 ,155,520 $ 1 ,562 ,208 $ 593 ,312
The Notes to Financial Statements are an integral part of this schedule.
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ANDERSON &WHITNEY.CERTIFIED Pusuc ACCOUNTANTS. G ,COLORADO
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II
WELD COUNTY, COLORADO _Schedule 12 l
SPECIAL REVENUE FUNDS il
HUMAN RESOURCES FUND
ii
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1977
Actual ;I
(Over)/Under
AUXILIARY SERVICES: Actual _ Budget Budget
II CETA grants $ 1 ,214,294 $ 1 ,292 ,209 $ 77 ,915
CSA grants 348 ,403 200,660 (147,743) il
HEW grants 401 ,463 369,855 (31 ,608) li
Action grants 1 ,964 - (1 ,964)
COHR grants 969 1 ,600 631
CDSS grants 126 ,512 110,228 (16,284)
Youth Service Bureau 50,690 54,269 3 ,579
II Volunteer Resource Bureau 11 ,225 11,872 647 !I
Total Auxiliary Services 2, 155,520 2 ,040,693 (114 ,827)
TOTAL EXPENDITURES $ 2 , 155,520 $ 2 ,040,693 $ (114,827)
The Notes to Financial Statements are an integral part of this schedule.
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ANDERSON &WHITNEY.CCRTIFIEO PUN LI C ACCou NTANTS. GREELEY. COLORADO
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WELD COUNTY, COLORADO Schedule 13 'I
.I SPECIAL REVENUE FUNDS it
COMMUNITY DEVELOPMENT FUND
iI
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
I
Actual II
Over/(Under)
Actual Estimate Estimate
INTERGOVERNMENTAL REVENUES: I
Urban renewal - _
-
it
Total Intergovernmental Revenues -
Ij TOTAL REVENUES $ _ $ _ $ - it
II II
II Schedule of Expenditures Compared with Budget ijI
II Year Ended December 31 , 1977 ll
•
ji
al Actual
(Over)/Underl'
Actual Budget Budget
AUXILIARY SERVICES:
Urban renewal $ - $ - $ _
ll
Total Auxiliary Services - - -
Ii
TOTAL EXPENDITURES $ - $ _ $ - 1
' I
i+
The Notes to Financial Statements are an integral part of this schedule. il
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ANDERSON &WHITNEY.C[RTIFIED PUBLIC ACCOUNTANTS. GRESLRY,COLORADO
WELD COUNTY, COLORADO Schedule 14
SPECIAL REVENUE FUNDS
SUBDIVISION PARK SITE FUND Ij
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
�` II
Actual
Over/(Under).�
Actual Estimate Estimate I!
MISCELLANEOUS REVENUE: I'
Park fees $ 5 ,582 $ 2 ,500 $ 3,082
Total Miscellaneous Revenue 5,582 2,500 3 ,082
TOTAL REVENUES $ 5 ,582 $ 2 ,500 $ 3,082 ;!
Schedule of Expenditures Compared with Budget
it
Year Ended December 31 , 1977 •
IIActual
(Over)/Under
Actual Budget Budget
'CAPITAL OUTLAY - LAND AND BUILDINGS:
Capital outlay - land $ - $ 11,962 $ 11 ,962
Total Capital Outlay - Land and Buildings - 11 ,962 11 ,962
TOTAL EXPENDITURES $ - $ 11 ,962 $ 11 ,962
The Notes to Financial Statements are an integral part of this schedule.
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ANDERSON & WHITNEY.CERTIFIio Pu.LIC ACCOUNTANTS. GREELEY,COLORADO
iI WELD COUNTY, COLORADOI.
SPECIAL REVENUE FUNDS
NOTES TO FINANCIAL STATEMENTS
I, Year Ended December 31 , 1977 j
!I Note 1 - Summary of Significant Accounting Policies: II
•! jj
Grant revenue is recognized to the extent of expenditures incurred.
Y 1 The portion of the total grant which has not been spent is reflected 'I
?: I• as unexpended grant revenue and is represented by cash and
1: receivables, less related liabilities. it
. Ii! I'
(See page 81 for additional significant accounting policies.)
I
Note 2 - Prior Period Adjustments:
!
3 During 1977 adjustments were made to the January 1 , 1977 fund balance "
III of the Social Services Fund. These adjustments arose from the
. following overstatements of 1976 revenues: jl
!j
it Overstatement of 1976
administration revenue $ 19,486 II
il
il
Overstatement of 1976 aid to j
ij dependent children revenue 36,524
.!
I. $ 56,010 !!
is Both of these adjustments were caused by overstatements in the I
i 7 amounts due from other governmental units (State of Colorado) for
�I administration and aid to dependent children at December 31 , 1976.
ii Note 3 - Budget: !.j
;i The 1977 General Fund budget, as adopted, included departments for ji
Human Resources and Residential Child Care Facility. In late 1977 , .!
• •
separate Special Revenue Funds were established for these activities.:!
The Human Resources Fund and Residential Child Care Facility Fund :!
budgets as reported in the financial statements for 1977 include li
• these departments. I.
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ANDERSON &WHITNEY. CERTIFIED Pusuc ACCOUNTANTS. GIMLET.COLORADO
WELD COUNTY, COLORADO
SPECIAL REVENUE FUNDS
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1977
Note 4 - Leases:
On May 30, 1973 , the County entered into a lease agreement for a
building used by the Department of Social Services. The term of
the lease is for ten years , commencing April 1 , 1974 and expiring
March 31 , 1984. The County has the option to extend the lease for
two additional five year periods. Lease expenditures for the year
ended December 31 , 1977, including contingent rentals of $5 ,775 , �P
were $88,551 .• Minimum commitments at December 31 , 1977 under the lease agreement II
are $531 ,146 , payable as follows:
Year
Amount
1978 $ 82 ,776
1979 82,776
1980 82 ,776
1981 82 ,776
1982 82,776
1983
82,776
li 1984 34,490
The County has the option to purchase the building at the termination �I
of the initial ten year term of the lease. The option purchase price
is the greater of $707,300 , or the appraised
fair market value at that
time.
The County's Division of Human Resources leases several buildings to
operate various programs. The leases are for one to five year terms
and will expire from 1978 to 1980. Lease expense for the year ended
December 31 , 1977 was $26 , 188. Commitments at December 31 ,
1977 under the lease agreements are $72 ,975 , payable as follows:
Year Amount
1978 $ 26 ,225 ;:
1979 23,375 I
1980 23,375
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ANDERSON &WHITNEY.CERTIFIED Pueuc ACCOUNTANT.. GREELEY,COLOm o°
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WELD COUNTY, COLORADO
•
SPECIAL REVENUE FUNDS
NOTES TO FINANCIAL STATEMENTS - Continued
i!
Year Ended December 31 , 1977
Note 5 - Subsequent Event:
In August 1978, the County settled a land use civil lawsuit which
arose from events occurring in 1972 . The settlement, in the amount •
•
of $97 ,000, has been recognized as a 1977 expenditure of the
Contingent Fund through a transfer to the Weld County General Fund. I
The General Fund has recognized a revenue for the transfer and an
expenditure for the liability on the settlement.
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ANDERSON &WHITNEY.cesarnrino.Puuc AC.COUN TTTTT.OneaLty.CoLorewoo
Capital Projects
Funds
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ANDERSON & WHITNEY CERTIFIED PUBLIC ACCOUNTANTS, GREELEY. COLORADO
WELD COUNTY, COLORADO Schedule 2
CAPITAL PROTECTS FUNDS
LIBRARY EXPANSION FUND
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
Actual
Over/(Under)
Actual Estimate Estimate
TAXES:
General property taxes $ 28,770 $ 28,850 $ (80)
Specific ownership taxes 2 , 137 2 ,250 (113)
Penalties and interest on delinquent taxes 63 - 63
• I� Total Taxes 30, 970 31 , 100 (130)
FINES AND FORFEITS:
Library fines - 65 (65)
Total Fines and Forfeits - 65 (65)
MISCELLANEOUS REVENUE:
Miscellaneous 4, 187 1 ,600 2 ,587
Total Miscellaneous Revenue 4, 187 1 ,600 2 ,587
TOTAL REVENUES $ 35 , 157 $ 32 ,765 $ 2 ,392
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1977
Actual
(Over)/Under
li Actual Budget Budget
CAPITAL OUTLAY - LAND AND BUILDINGS:
Building acquisitions $ 11,409 $ 93 ,878 $ 82 ,469
iI Total Capital Outlay - Land and
Buildings 11 , 409 93,878 82 ,469
TOTAL EXPENDITURES $ 11 ,409 $ 93 ,878 $ 82 ,469
The Notes to Financial Statements are an integral part of this schedule .
ANDERSON &WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS, GREELEY, COLORADO
Ii WELD COUNTY, COLORADO Schedule 3
CAPITAL PROJECTS FUNDS
PUBLIC WORKS FUND - COUNTY BUILDINGS
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
Actual
Ij Over/ (Under)
Actual Estimate Estimate
II TRANSFERS FROM OTHER COUNTY FUNDS:
From Federal Revenue Sharing Fund $ 1 , 101 $ - $ 1 , 101
Total Transfers From Other County Funds 1 , 101 - 1 , 101
TOTAL REVENUES $ 1 , 101 $ - $ 1 , 101
•
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1977
Actual
(Over)/Under
Actual Budget Budget
CAPITAL OUTLAY - LAND AND BUILDINGS:
Building improvements $ 4,983 $ 10,000 $ 5,017
Total Capital Outlay - Land and Buildings 4,983 10, 000 5 ,017
TOTAL EXPENDITURES $ 4,983 10, 000 $ 5 ,017
The Notes to Financial Statements are an integral part of this schedule . •
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ANDERSON &WHITNEY.CERTIFIED Pusuc ACCOUNTANT:. GREELEY.COLORADO
WELD COUNTY, COLORADO Schedule 4
CAPITAL PROJECTS FUNDS
PUBLIC WORKS FUND - COUNTY SERVICES BUILDING
Schedule of Revenues Compared with Estimate
Year Ended December 31, 1977
Actual
Over/(Under)
Actual Estimate Estimate
TAXES:
General property taxes $ 1, 126 ,616 $ 1 , 135 , 329 $ (8,713)
Specific ownership taxes 83,679 80, 000 3, 679
Penalties and interest on
delinquent taxes 2 ,469 2 ,200 269
Total Taxes 1 ,212 ,764 1 ,217, 529 (4,765)
li
MISCELLANEOUS REVENUE
Earnings on investments 29 ,484 100 ,000 (70,516)
Total Miscellaneous
Revenue 29 ,484 100, 000 (70, 516)
TRANSFERS FROM OTHER COUNTY
FUNDS:
From Federal Revenue Sharing 2 ,483 , 196 2 ,400, 000 83 , 196
Total Transfers From Other
County Funds 2 ,483 , 196 2 ,400, 000 83, 196
TOTAL REVENUES $ 3 , 725 ,444 $ 3, 717,529 $ 7 ,915
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1977
Actual
(Over)/Under
Actual Budget Budget
CAPITAL OUTLAY - LAND AND
BUILDINGS:
Construction in progress $ 3,680, 076 $ 4, 000,000 $ 319 ,924
Total Capital Outlay -
Land and Buildings 3,680,076 4, 000,000 319 ,924
TOTAL EXPENDITURES $ 3 , 680 ,076 $ 4, 000, 000 $ 319,924
The Notes to Financial Statements are an integral part of this schedule.
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ANDERSON & WHITNEY. CZRTIFIEO PUBLIC ACCOUNTANTS GREELEY, COLORADO
II _
WELD COUNTY, COLORADO
CAPITAL PROJECTS FUNDS
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31 , 1977
Note 1 - Summary of Significant Accounting Policies:
(See page 81 .
Note 2 - Federal Revenue Sharing:
Revenue sharing entitlements and expenditures are recorded and
budgeted in the Federal Revenue Sharing Fund. In addition, appli-
cable expenditures (capital outlay - land and buildings) are also
reflected within the Public Works Fund - County Services Building •
and Public Works Fund - County Buildings (the normal operating
funds for these costs) with the recognition of a transfer from other
county funds (Federal Revenue Sharing Fund) in the same amount as
the expenditures.
. Note 3 - Adjustment of Prior Periods:
In 1976 , $293,192 was expended from the Public Works Fund - County
Buildings to purchase furniture and fixtures for the Centennial
Center. The proper classification of these transactions is to the
Public Works Fund - County Services Building which has been
utilized to pay all other construction and furnishing costs relating
to the Centennial Center. As of January 1 , 1977 fund balances of
both funds have been restated to correctly reflect the expenditures.•
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DERSON &WHITNEY.CERTIFIED PUYLtC ACCOUNTANTS. GREELCY, COLORADO
Intragoveromeotal
Service
Funds
- 59 -
ANDERSON &WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS, GREELEY. COLORADO
•
WELD COUNTY, COLORADO EXHIBIT E-1
INTRAGOVERNMENTAL SERVICE FUNDS
INTRAGOVERNMENTAL AGENCY FUND I�
BALANCE SHEET
December 31 , 1977
ASSETS
CURRENT ASSETS:
Cash with treasurer $ 1 ,001 ,329
ii Due from other county funds 270,113
Inventory of materials and supplies
- at lower of cost or market 547,426
Total Current Assets
•
1 ,818,868 :1
! FIXED ASSETS:
Land 672 ,976
Land improvements
25,144
Buildings
393 ,060
Machinery and equipment 3,629 ,232
4 ,720,412
Less: Allowance for accumulated depreciation 1 ,381,603
Total Fixed Assets 3,338,809 '!
'I TOTAL ASSETS
$ 5 ,157 ,677 .
LIABILITIES AND CAPITAL
('CURRENT LIABILITIES: !•
Warrants payable $ 33 ,604
Accounts payable 275 ,522
Accrued salaries payable 23,121
Accrued payroll taxes payable 5 ,409
Other current liabilities
3 ,900
Total Current Liabilities 341 ,556 ''
CAPITAL: !I
Contributed capital (EXHIBIT E-2)
4,465 ,554
Retained earnings (EXHIBIT E-3) 350,567
Total Capital
4 ,816,121
TOTAL LIABILITIES AND CAPITAL $ 5 ,157 ,677 ;
The Notes to Financial Statements are an integral part of this exhibit.
•
ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
•
WELD COUNTY, COLORADO EXHIBIT E-2
INTRAGOVERNMENTAL SERVICE FUNDS
INTRAGOVERNMENTAL AGENCY FUND
ii
STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL
Year Ended December 31 , 1977
Contributed Capital From
Road and
General Fund Bridge Fund Total
CONTRIBUTED CAPITAL,
January 1 , 1977 $ 376 ,755 $ 3 ,683,420 $ 4 ,060,175!is
Adjustments:
�
Contributions from prior years •
recognized in 1977 (Note 3) - 78,227 78,227 '
CONTRIBUTED CAPITAL,
January 1 , 1977 , as adjusted 376,755 3 ,761,647 4, 138 ,4021
Add:
1977 contributions 93,825 233,327 327,152"
CONTRIBUTED CAPITAL,
December 31 , 1977 $ 470 ,580 $ 3,994,974 $ 4,465,554 !
The Notes to Financial Statements are an integral part of this exhibit.
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ANDERSON & WHITNEY.CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO EXHIBIT E-3
INTRAGOVERNMENTAL SERVICE FUNDS
INTRAGOVERNMENTAL AGENCY FUND
STATEMENT OF CHANGES IN RETAINED EARNINGS
Year Ended December 31 , 1977
RETAINED EARNINGS, January T, 1977 $ 370,563
Less: Adjustments of prior periods (Note 3) 22 ,011
RETAINED EARNINGS, January 1 , 1977, as restated 348,552
Add: Net earnings for the year ended
December 31 , 1977 (EXHIBIT E-4) 2,015
RETAINED EARNINGS, December 31 , 1977 $ 350,567
II ��
The Notes to Financial Statements are an integral part of this exhibit. •
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY.COLORADO
WELD COUNTY, COLORADO EXHIBIT E-4
INTRAGOVERNMENTAL SERVICE FUNDS j
INTRAGOVERNMENTAL AGENCY FUND
I• '
STATEMENT OF EARNINGS ;I,
Year Ended December 31, 1977
SALES:
Billings to departments $ 2 ,015 ,350 !
Outside sales 417!
Total Sales !i
2 ,015 ,767!:
COST OF SERVICES RENDERED:
Cost of Materials Used:
Inventory, January 1 , 1977 $ 360,847
Add: Purchases 1 ,515 ,701 �I
jl 1 ,876,548
Less: Inventory, December 31 , 1977 547,426
Total Cost of Materials Used
1 ,329,1221
Operating Expenses:
General operations P 378,937 it
Depreciation 358,436
Total OperatingExpenses
737 ,373]
Total Cost of Services Rendered 2 ,066,495 ,
EARNINGS (LOSS) FROM OPERATIONS (50,729
I ,III OTHER INCOME:
Gain on sale of equipment 21 ,758
Rental income 25,300
Miscellaneous 5 ,685
Total Other Income 52 ,743
1.1
NET EARNINGS $ 2 ,015 I
The Notes to Financial Statements are an integral part of this exhibit. 1
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ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
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WELD COUNTY, COLORADO EXHIBIT E-5 !�
INTRAGOVERNMENTAL SERVICE FUNDS
I' I
INTRAGOVERNMENTAL AGENCY FUND
STATEMENT OF CHANGES IN FINANCIAL POSITION
Year Ended December 31 , 1977 •
WORKING CAPITAL PROVIDED:
Net earnings (EXHIBIT E-4)
$ 2 ,015
Add: Expenses deducted which did not
require outlay of working capital:
Depreciation
358 ,436
Working capital provided from operations
360,451
Undepreciated cost of assets sold or abandoned 44 ,354
jl Total Working Capital Provided 404,805
WORKING CAPITAL APPLIED:
Purchase of fixed assets 167,255
Total Working Capital Applied
167,255
INCREASE IN WORKING CAPITAL $ 237 ,550
FINANCING AND INVESTING ACTIVITIES NOT
AFFECTING WORKING CAPITAL: I!
Fixed assets contributed by other county funds $ 327 ,152
CHANGES IN COMPONENTS OF WORKING CAPITAL:
• Increase (decrease) in current assets: !'
Cash with treasurer
$ 891 ,338
Accounts receivable (1 ,692)
Due from other county funds (944,672)
`' Inventory of materials and supplies
186 ,579
Net increase in current assets 131,553
Increase (decrease) in current liabilities:
Warrants payable 33,604
•
Accounts payable
141 ,258
Accrued salaries payable 1 ,260
Accrued payroll taxes payable 1 ,981
is Other current liabilities (284 ,100)
•
Net increase (decrease) in current liabilities (105,997)
INCREASE IN WORKING CAPITAL $ 237 ,550
The Notes to Financial Statements are an integral part of this exhibit.
I �I
•
- 64 -
ANDERSON &WHITNEY.CI rirtg°Pusuc ACCOUNTANTS. GREELEY. COLORADO
•
WELD COUNTY, COLORADO Schedule 1
INTRAGOVERNMENTAL SERVICE FUNDS
INTRAGOVERNMENTAL AGENCY FUND
Schedule of Income and Expenses - Estimated/Budgeted and Actual
Year Ended December 31 , 1977
Actual
Estimate/ (Over)/Under
I Actual Budget Estimate/Budget
SALES
$ 2 ,015 ,767 $ 2 ,601 ,364 $ 585 ,597
it
COST OF SALES 1 ,329 ,122 1 ,999 ,114 669 ,992
OPERATING EXPENSES:
General operations 378 ,937 401 ,354 22 ,417
Depreciation 358,436 - (358,436)
OTHER INCOME 52 ,743 6 ,000 (46 ,743)
CAPITAL OUTLAY 167 ,255 765 ,950 598 ,695 :1
The Notes to Financial Statements are an integral part of this schedule.
•
•
•
•
is
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.
ii
ANDERSON &WHITNEY,CERTIFIED PUBLIC ACCOUNTANTS.GREELEY, COLORADO
WELD COUNTY, COLORADO
INTRAGOVERNMENTAL SERVICE FUNDS
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31 , 1977
Note 1 - Summary of Significant Accounting Policies:
Inventories:
Inventories are recorded at lower of cost (average) or market.
Fixed Assets and Depreciation:
Fixed asset additions are recorded at acquisition cost. Depreciation
is computed using the straight-line method over the useful lives
as follows:
Years
Land improvements 20
Buildings 30
Machinery and equipment 3-10
Expenditures for maintenance and repairs are charged to expense as
incurred whereas major property replacements and betterments
which extend the life of the asset are capitalized and subsequently
depreciated. When assets are sold or abandoned, the cost and
accumulated depreciation are removed from the accounts and any
�• resulting gain or loss is recognized.
Sales:
Inventory is sold to other county departments at cost. Equipment
rental charges are based on actual costs plus an overhead alloca-
tion and a standard rate for depreciation.
Contributed Capital:
Interfund contributions of fixed assets to the Intragovernmental
Agency Fund are recorded at the acquisition cost of the contributing
fund. Depreciation is recognized as outlined above.
(See page 81 for additional significant accounting g policies.)
Note 2 - Adjustments of Fixed Assets:
The Intragovernmental Agency Fund was formed on January 1 , 1973 with
a transfer of fixed assets from the General Fixed Asset Group of
Accounts. The transfer was made at original cost and accumulated '
depreciation from the date of the assets purchase was included in
the Intragovernmental Agency Fund. The fixed assets should have
been recorded at fair market value with depreciation commencing
from the date of transfer. Appropriate adjustments have been made
as of January 1 , 1977 to properly reflect these assets.
66
ANDERSON &WHITNEY.CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO •
INTRAGOVERNMENTAL SERVICE FUNDS
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1977 •
Note 3 - Prior Period Adjustment:
The January 1 , 1977 retained earnings have been restated for accumu-
lated depreciation on previously unrecorded fixed assets contributed
by the Road and Bridge Fund. The Intragovernmental Agency Fund
net earnings of prior years have been overstated as follows:
1973 $ 411
1974 6 ,360
1975 7 ,000 i•
1976 8,240
$ 22 ,011
Note 4 - Equipment Rental Rates: •
Rentals are charged by the Intragovernmental Agency Fund for equip-
ment provided to other county funds . The rates are established to
cover fuel, repairs and maintenance and equipment replacement. A
consistent and clear policy has not been followed for the determina-
tion of the equipment replacement portion of the rental charge. The
aggregate effect of the lack of documentation on the financial
position and results of operations of the Intragovernmental Agency
Fund is not determinable. The effect on the funds which utilize and
pay for the equipment of the Intragovernmental Agency Fund would
be considered immaterial because of the relative size of these funds .
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•
67
ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
Trust and Aeocy
Funds
- 68 -
ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO EXHIBIT F-1
TRUST AND AGENCY FUNDS
LIBRARY SPECIAL FUND
BALANCE SHEET •
December 31 , 1977
ASSETS
Cash with treasurer $ 16 ,734
Cash - other 79
Accounts receivable 1 ,004
TOTAL ASSETS
$ _17817 ;
LIABILITIES AND FUND BALANCE
LIABILITIES:
Warrants payable
$ 4 , 206 :;
Accounts payable 1 ,622
!I
Due to other county funds 79
Total Liabilities 5 ,907
FUND BALANCE:
Appropriated
Unappropriated
11 ,910;
Total Fund Balance 11 ,910
TOTAL LIABILIITIES
AND FUND BALANCE $ 17 ,817
The Notes to Financial Statements are an integral part of this exhibit.
is
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69 - 1
ANDERSON &WHITNEY, CERTIFIED PUSLuC ACCOUNTANTS, GREELEY, COLORADO
•
WELD COUNTY, COLORADO EXHIBIT F-2 '
TRUST AND AGENCY FUNDS
LIBRARY SPECIAL FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
Year Ended December 31 , 1977
REVENUES: (Schedule 1)
Intergovernmental revenue $ 65 ,702
Charges for services 29 ,738
Fines and forfeits 752
Miscellaneous revenue 1 ,644
Total Revenues 97 ,836
EXPENDITURES: (Schedule 2)
Auxiliary services 56 ,695
Intergovernmental expenditures 67,758
Miscellaneous 2 ,867
Total Expenditures 1.27 ,320
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (29,484)!
FUND BALANCE, January 1 , 1977 41 ,394
FUND BALANCE, December 31 , 1977 $ 11 ,910
The Notes to Financial Statements are an integral part of this exhibit.
•
•
•
•
•
•
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ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANT!, GREELEY, COLORADO
ii
WELD COUNTY, COLORADO Schedule 1
TRUST AND AGENCY FUNDS
LIBRARY SPECIAL FUND
Schedule of Revenues Compared with Estimate
Year Ended December 31 , 1977
Actual
Over/(Under)
Actual Estimate Estimate
INTERGOVERNMENTAL REVENUE:
'I State grants $ 8,799 $ - $ 8,799
Systems Area Resource Center 6,953 - 6,953
High Plains Library System 49 ,950 - 49,950
Total Intergovernmental Revenue 65 ,702 - 65 , 702
CHARGES FOR SERVICES:
Revolving centralized purchasing
and processing 29 ,738 - 29 ,738
Total Charges for Services 29,738 - 29,738
'FINES AND FORFEITS:
Permanent fund 752 - 752
Total Fines and Forfeits 752 - 752
MISCELLANEOUS REVENUE:
Rentals 1 ,564 - 1 ,564
Contributions 80 - 80
Total Miscellaneous Revenue 1 ,644 - 1_,644
TOTAL REVENUE $ 97,836 $ - $ 97,836
The Notes to Financial Statements are an integral part of this schedule.
ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS, GREELEY, COLORADO
WELD COUNTY, COLORADO Schedule 2 ;I
TRUST AND AGENCY FUNDS
LIBRARY SPECIAL FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1977
Actual
(Over)/Under
_ Actual Budget Budget
AUXILIARY SERVICES:
Systems Area Resource Center $ 18,803 $ - $ (18 , 803)
' State centralized purchasing
and processing 8,823 - (8,823)
Revolving centralized purchasing
and processing 29,069 - (29 ,069)
Total Auxiliary Services 56,695 - _ (56,695)
INTERGOVERNMENTAL EXPENDITURES:
High Plains Library System 67 ,758 -- (67,758)
Total Intergovernmental. Expenditures 67,758 (67 ,758)
MISCELLANEOUS:
Rentals 2 ,252 - (2 ,252)
Permanent fund 23 - (23)
Gifts 592 - (592)
Total Miscellaneous 2 ,867 - (2, 867)
TOTAL EXPENDITURES $ 127,320 $ - $ (127,320)
The Notes to Financial Statements are an integral part of this schedule.
_72 -
ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO
TRUST AND AGENCY FUNDS
NOTES TO FINANC
IAL STATEMENTS TS
Year Ended December 31 , 1977
Note 1 - Summary of Significant Accounting Policies:
(See page 81 . )
ICI
illy'
-. 73 -
ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS, GREELEY, COLORADO
Oeneral
Fixed Asset
Oroup
of Accounts
,III
_ 74 -
ANDERSON & WHITNEY. PUBLIC ACCOUNTANTS. GREELEY. COLORADO
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- 75 -
ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS, GREELEY, COLORADO
I WELD COUNTY, COLORADO
GENERAL FIXED ASSET GROUP OF ACCOUNTS
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31 , 1977
Note 1 - Summary of Significant Accounting Policies:
Fixed Assets:
'• Property p rty and equipment in the General Fixed Asset Group of Accounts
are stated at cost. Purchases of such assets , except for those
purchases which relate to the Intragovernmental Service Funds ,
are recorded in budgetary funds when the liability is incurred and
capitalized in the General Fixed Asset Group of Accounts . Mainte-
nance and repairs are recorded as expenditures in various
budgetary funds when incurred, and are not capitalized. Deprecia-
tion is not recorded on general fixed assets . Upon disposal, the
General Fixed Asset Group of Accounts is relieved of the related
cost.
(See page 81 for additional significant accounting policies .)
Note 2 - Adjustments of General Fixed Assets:
Adjustments have been made as of January 1 , 1977 to record fixed
assets of the Health Department purchased prior to January 1 , 1977 .
These costs were previously omitted from the General Fixed Asset
•
Group of Accounts .
•
•
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- 76 -
ANDERSON & WHITNEY, CERTIFIED PUYLIC ACCOUNTANTS, GREELEY. COLORADO
II Oeoeral Long - Debt
Oroup
of Accounts
Ali
-
R
ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS, GREELEY, COLORADO
WELD COUNTY, COLORADO EXHIBIT H-1
GENERAL LONG-TERM DEBT
STATEMENT OF GENERAL LONG-TERM DEBT
December 31 , 1977
AMOUNT TO BE PROVIDED FOR
THE PAYMENT OF GENERAL LONG-TERM DEBT
CAPITALIZED LEASE: •
Amount to be provided by general revenues $ 17,500
TOTAL TO BE PROVIDED $ 17,500
GENERAL LONG-TERM DEBT PAYABLE
HUMAN RESOURCES FUND:
Capital lease with School District Six (Note 2) $ 17,500
TOTAL GENERAL LONG-TERM DEBT PAYABLE $ 17,50,0 1
The Notes to Financial Statements are an integral part of this exhibit.
•j
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- 78 -
ANDERSON a WHITNEY.CERTi,,ED Pusue ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO
GENERAL LONG-TERM DEBT GROUP OF ACCOUNTS
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31 , 1977
Note 1 Summary of Significant Accounting Policies:
(See page 81 .)
Note 2 - Capital Lease:
On October 6 , 1976 , the County's Division of Human Resources leased
a school building under a capital lease for a period of sixteen months.
Upon expiration of the lease the County has the option of purchasing
the building for one dollar.
The following is a schedule by years of future minimum lease payments
under the capital lease as of December 31 , 1977:
Year ending December 31 , 1978 $ 17,500
Total minimum payments 17 ,500
Less: Amount representing interest -
Present value of net minimum payments
a
p Y $ 17 ,500 I,
Ifi
- 79 -
ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS GREELEY. COLORADO
SummarySignificantof
•
Accounting
Policies
__Bo _
ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GgEELEY, COLORADO
WELD COUNTY, COLORADO
ie
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Year Ended December 31 , 1977
The Summary of Significant Accounting Policies outlines specific accounting
ji principles and methods of applying those principles for all funds and account
groups of the County.
Fund Accounting:
Each fund is an independent fiscal and accounting entity with a self-balancing
set of accounts recording cash and/or other resources together with all related
liabilities, obligations , reserves , and equities which are segregated for the
purpose of carrying on specific activities or attaining certain objectives in
accordance with special regulations, restrictions, or limitations. In addition
to the funds , self-balancing groups of accounts are established to account for ;
both the general fixed assets and general long-term debt of the County. The
following funds and account groups are currently being used by the County.
GENERAL FUND:
;I
The General Fund accounts for all financial transactions of the County that
are not accounted for in other funds. Ordinary operations such as public
safety, county administration and other general governmental activities
are financed from taxes and general revenues .
SPECIAL REVENUE FUNDS:
•
Special Revenue Funds are established to account for revenues derived from
specific taxes or other earmarked revenue sources of the County which
finance specified activities as required by Iaw or administrative action.
Road and Bridge Fund:
The Road and Bridge Fund accounts for all costs related to Weld County
road and bridge construction and maintenance. This fund is also utilized
for allocation of monies to cities and towns for use in their road and
street activities.
Social Services Fund:
The Social Services Fund accounts for the various Federal and State public
welfare programs administered by the County.
Federal Revenue Sharing Fund:
Federal Revenue Sharing entitlements and expenditures are accounted for
in this fund in accordance with the regulations of the Office of Revenue
Sharing.
•
ii
- 81 -
ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANT!. G ,COLORADO
WELD COUNTY, COLORADO
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
Year Ended December 31 , 1977
Fund Accounting - Continued:
SPECIAL REVENUE FUNDS - Continued:
Conservation Trust Fund:
The Conservation Trust Fund accounts for revenue received from the State
of Colorado to be used for the acquisition, development and maintenance
of new conse
rvation
rvation sitesi
within Weld County . Any
y unexpended cash must
be returned to the State on June 30 of the fifth year following the receipt of
the
fund
s .
Contingent Fund:
The Contingent Fund accounts for the property tax revenues levied by the
Board of County Commissioners to cover reasonably unforeseen expendi-
tures .
Residential Child Care Facility Fund:
This fund records the revenues and the costs associated with providing
services through a specialized group home to children.
Public Health Fund:
Public Health provides health care to County residents. The department is
involved in home health care, health education, health monitoring and
other related activities .
Human Resources Fund:
The Human Resources Fund accounts for the various Federal and State
grants relating to human services.
Community Development Fund:
Community Development Block Grant awards and expenditures are accounted
for in this fund in accordance with the regulations of the Department of
Housing and Urban Development.
Subdivision Park Site Fund:
The Subdivision Park Site Fund accounts for park fees contributed by sub-
dividers in lieu of dedicating, developing and/or reserving land for parks
and/or other necessary public purposes .
CAPITAL PROJECTS FUNDS:
Capital Projects Funds are established to account for financial resources
used for the acquisition or improvement of the
capital facilities of the
County.
Weld County General Hospital Capital Fund:
This fund accounts for all capital acquisitions of the Weld County General
Hospital.
--$2—
ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS, GREELEY. COLORADO
WELD COUNTY, COLORADO
SUMMARY CF SIGNIFICANT ACCOUNTING POLICIES - Continued
Year Ended December 31 , 1977
Fund Accounting - Continued:
CAPITAL PROJECTS FUNDS - Continued:
Library Expansion Fund:
The Library Expansion Fund accounts for construction costs of new library
facilities.
Public Works Fund - County Buildings:
The Public Works Fund - County Buildings accounts for capital improvement
projects on County buildings .
Public Works Fund - County Services Building:
This fund accounts for the construction and furnishing of the Centennial
Center.
INTRAGOVERNMENTAL SERVICE FUNDS:
Intragovernmental Service Funds are established to account for goods and
services provided to other departments of the County on a cost-reimburse- ,I
ment basis .
•
Intragovernmental Agency Fund:
The Intragovernmental Agency Fund accounts for materials sold to the Road
and Bridge Fund and equipment and vehicles rented to various departments '!
of the County.
TRUST AND AGENCY FUNDS:
Trust and Agency Funds are established to record transactions relating to
assets held by the County in the capacity of trustee, custodian or agent •
jl for individuals , governmental entities and non-public organizations .
Library Special Fund:
•
The Library Special Fund accounts for the centralized purchasing and
processing program and the system area resource center offered to area
libraries. This fund also recorded the activities of the High Plains
Library System until October 1977.
GENERAL FIXED ASSET GROUP OF ACCOUNTS:
Investments in property and equipment, except for those of the Intragovern-
mental Service Funds and the Weld County General Hospital, are recorded
in this group of accounts.
GENERAL LONG-TERM DEBT GROUP OF ACCOUNTS:
This group of accounts includes all debt supported by general revenues of
the County.
. --- 83
ANDERSON &WHITNEY. CERTIFIED PUOI.IC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
Year Ended December 31 , 1977
Accounting Method:
The Capital Projects Funds, Intragovernmental Service Funds and Trust and
Agency Funds utilize the accrual method of accounting. The modified accrual
method is followed by the General Fund and Special Revenue Funds . Under
the modified accrual method, expenditures are recorded when liabilities are
incurred and revenues are accrued at the time they are both measurable and
available.
Interfund receivables and payables are not eliminated and are reflected in the
funds as they occur.
Transfers between funds are recorded as revenue to the receiving fund and
expenditures to the disbursing fund.
I Appropriated fund balances at December 31 , 1977 represents commitments for
for anticipated expenditures for the year ended December 31 , 1978.
Fixed Assets:
Property and equipment in the General Fixed Asset Group of Accounts are stated
at cost. Purchases of such assets, except for those purchases which relate
to the Intragovernmental Service Funds , are recorded in budgetary funds when
the liabilities are incurred and capitalized in the General Fixed Asset Group
of Accounts . Maintenance and repairs are recorded as expenditures in
various budgetary funds when incurred, and are not capitalized. Depreciation
it is not recorded on general fixed assets . Upon disposal, the General Fixed
Asset Group of Accounts is relieved of the related cost.
Long-Term Debt:
Long-term debt for general obligations of the County are recorded in the General
Long-Term Debt Group of Accounts.
Property Taxes:
The 1977
property taxes levied on January 1 , 1977 are due and payable in 1978.
Property taxes receivable and the related revenues have not been recorded at
December 31 , 1977 for these taxes .
Sick-Leave:
Sick-leave is vested when earned but recorded as an expenditure when paid. The
County pays employees severance pay upon retirement or termination of em-
ployment based on one half of unused accumulated sick-leave hours up to a
maximum of one month. At December 31 , 1977, unused accumulated sick-
leave approximated $252 ,175.
84
ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
• Year Ended December 31 , 1977
Retirement Plan:
Substantially all employees are covered by the Weld County Retirement Plan,
a defined benefit pension plan. Established in 1969 , the Plan provides for
pension, death and disability benefits. At December 31 , 1977 there is no
liability for unfunded past service cost. (See Weld County Retirement Plan
financial statements on page 94.)
•
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY, COLORADO
ADDITIONAL FINANCIAL STATEMENTS
- 86 -
ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO
WELD COUNTY FAIR
FINANCIAL STATEMENTS
Year Ended December 31 , 1977
-.8 7
ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
TABLE OF CONTENTS
Page
Auditors' Report 89
EXHIBIT A - BALANCE SHEET 90
EXHIBIT B - STATEMENT OF CHANGES IN FUND BALANCE 91 I
EXHIBIT C - STATEMENT OF REVENUES AND EXPENDITURES 92
NOTES TO FINANCIAL STATEMENTS 93
ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS GREEIEY COLORADO
i
ANDERSON & WHITNEY
CERTIFIED PUBLIC ACCOUNTANTS
GREELEY NATIONAL PLAZA
GREELEY, COLORADO 80631
i
ill
, Board of County Commissioners
' Weld County, Colorado
Greeley, Colorado
• We have examined the balance sheet of the Weld County Fair of
Weld County , Colorado as of December 31 , 1977
9nd the related tforethe year
changes in fund balance and statement of revenues and expenditures
then ended. Our examination was made in accordance with generally accepted
auditing standards and, accordingly, included such tests of the accounting records
and such other auditing procedures as we considered necessary in the circum-
stances .
In our opinion, the aforementioned financial statements present fairly the
financial position of the Weld County Fair of Weld County, Colorado at
December 31 , 1977 and the results of its operations for the year then ended, in
l'. conformity with generally accepted accounting principles applied on a basis
j consistent with that of the preceding year.
c
II . .iii-
I,
;i
I
!I February 7 , 1978
:I '1
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II
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•
:I
II
Ia — 89
WELD COUNTY, COLORADO EXHIBIT A
it
WELD COUNTY FAIR
II
BALANCE SHEET
December 31 , 1977
ASSETS
CURRENT ASSETS: $ 500
Cash
$ 500 •
TOTAL ASSETS li
LIABILITIES AND FUND BALANCE
CURRENT LIABILITIES:
Due to General Fund $ 500
FUND BALANCE (EXHIBIT B)
is
TOTAL LIABILITIES AND FUND BALANCE $ 500
The Notes to Financial Statements are an integral part of this exhibit.
' I
I� I
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it
- 90 -
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ANDERSON &WHITNEY,CERTIFIED ru[Lic ACCOUNTANTS. GRB[C[Y, COLORADO
WELD COUNTY, COLORADO EXHIBIT B
WELD COUNTY FAIR
r
STATEMENT OF CHANGES IN FUND BALANCE
Year Ended December 31 , 1977 .!
FUND BALANCE, January 1 , 1977 $ -
Add: Revenues (EXHIBIT C) 46 ,217
46 ,217
Less: Expenditures (EXHIBIT C) 46 ,217
FUND BALANCE, December 31 , 1977 $ -
The Notes to Financial Statements are an integral part of this exhibit.
•
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•
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it
I•
•
91
ANDERSON &WHITNEY.CERTIFIED PUBLIC ACCOUNTANTS.GRLELEY.COLORADO
i
WELD COUNTY, COLORADO EXHIBIT C
WELD COUNTY FAIR ,
STATEMENT OF REVENUES AND EXPENDITURES
I
Year Ended December 31 , 1977
i Estimate/ Over/(Under)
iI Actual Budget Estimate/Budget
REVENUES:
, Commercial booth sales $ 2 ,162 $ - $ 2 ,162
I' Concession sales 501 - 501
.1 Entry fees 16 ,504 20,000 (3 ,496)
Horse stalls 192 - 192
Miscellaneous 28 - 28
Special events 577 - 577
Trophy donations 2 ,659 - 2 ,659
I. Transfers from Weld County
I. General Fund 23 ,594 20,000 3 ,594
1j Total Revenues 417 40,000 6 ,217
i
EXPENDITURES: '
1 Salaries 2 ,252 3 ,375 (1 ,123)
FICA expense 132 198 (66)
Contract services 10,067 9 ,500 567
Consumable supplies 2 ,496 3 ,000 (504)
Advertising 2 ,260 3 ,000 (740)
Awards , prizes and premiums 22 ,625 13 ,127 9 ,498
Dues and subscriptions 440 - 440
Meals 655 - 655
Miscellaneous 2 ,726 - 2,726
Postage 485 300 185
Rental - buildings 665 - 665
Repairs and maintenance 885 7 ,500 (6 ,615)
I Capital outlay 529 529
:I Total Expenditures 46 ,217 40,000 6,217
I�
EXCESS OF REVENUES
OVER EXPENDITURES $ - $ - $ -
i
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I !
'I The Notes to Financial Statements are an integral part of this exhibit.
92
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ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS. GREELEY,COLORADO
WELD COUNTY, COLORADO
WELD COUN'T'Y FAIR
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31 , 1977
Note 1 - Summary of Significant Accounting Policies:
These financial statements summarize the activities of the Weld
County Fair. The Fair is included and budgeted in the Weld County
General Fund.
Accounting Method:
Weld County follows generally accepted accounting principles
applicable to governmental entities as defined by the National
Committee on Governmental Accounting and the American Institute
of Certified Public Accountants .
The General Fund of Weld County utilizes the modified accrual
method of accounting . Under this method, expenditures are
recorded when liabilities are incurred and revenues are accrued
at the time they are both measurable and available.
•
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY,COLORADO
i• •I
WELD COUNTY RETIREMENT PLAN
FINANCIAL STATEMENTS
Year Ended December 31 , 1977
is
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ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GRECLYY•COLORADO
TABLE OF CONTENTS
Page
Auditors' Report 96
EXHIBIT A - STATEMENT OF NET ASSETS AVAILABLE
FOR BENEFITS 97
EXHIBIT B - STATEMENT OF ACCUMULATED BENEFITS 98
EXHIBIT C - STATEMENT OF CHANGES IN NET ASSETS
AVAILABLE FOR BENEFITS 99
Schedule 1 - Administrative Expenses 100
NOTES TO FINANCIAL STATEMENTS 101
- 95 -
ANDERSON &WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS, GREELEY, COLORADO
•
ANDERSON & WHITNEY
CERTIFIED PUBLIC ACCOUNTANTS
GREELEY NATIONAL PLAZA
GREELEY, COLORADO 80631
•
Weld County Retirement Board
Weld County, Colorado
Greeley, Colorado .
We have examined the statement of net assets available for benefits and
statement of accumulated benefits of the Weld County Retirement Plan as of
December 31 , 1977 and the related statement of changes in net assets available
for benefits with related schedule of administrative expenses for the year then
ended. Cur examination was made in accordance with generally accepted audit-
• ing standards and, accordingly, included such tests of the accounting records and
such other auditing procedures as we considered necessary in the circumstances .
•i
In our opinion, the aforementioned financial statements present fairly the
financial position of the Weld County Retirement Plan as of December 31 , 1977 and
the changes in their net assets available for benefits for the year then ended, in
:: conformity with generally accepted accounting principles applied on a basis
consistent with that of the preceding year. •
•
•
;j March 31 , 1978 ;I
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WELD CCUN'IY RETIREMENT PLAN EXHIBIT A
II
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
December 31 , 1977
ASSETS
INVESTMENTS: Cost Market Value II
Common trust funds $ 2 , 156 ,496 $ 2 ,515 ,639
Mortgages 521 , 186 503 ,398
Corporate bonds 249 ,369 250 ,583
obligations 50 ,059 50 ,297
Government
Temporary investments 31 ,000 31 ,000 'I
$ 3 ,008 , 110
$ 3,350,917
CASH WITH TRUSTEES AND IN SAVINGS 94,739 I�
PREPAID RETIREMENT BENEFITS 7 ,988
DUE FROM GENERAL FUND 266
RECEIVABLES:
Income receivable from Trustees 19 ,314 I�
Contributions receivable - County and employees 51 ,817
�I
TOTAL ASSETS 3,525 , 041
LIABILITIES !I
MEMBER TERMINATIONS PAYABLE 15 ,179
NET ASSETS AVAILABLE FOR BENEFITS $ 3,509 ,862
The Notes to Financial Statements are an integral part of this exhibit.
it ,!
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ANDERSON &WHITNEY.CENTIrIED PUBLIC ACCOUNTANTS.GREELEY,COLORADO
WELD COUNTY RETIREMENT PLAN EXHIBIT B
_STATEMENT OF ACCUMULATED BENEFITS
December 31 , 1977
I VESTED BENEFITS:
Active members - under normal retirement age $ 1 , 666 ,589
IActive members - beyond normal retirement age 111 ,653
Retired members and beneficiaries
792 ,707
!I Terminated vested members — 21 ,096
$ 2 , 592 ,045
NONVESTED BENEFITS 205 ,578
TOTAL CURRENT VALUE OF ACCUMULATED BENEFITS $ 2 ,797 ,623
The Notes to Financial Statements are an integral part of this exhibit.
II
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANT!. GREELEY. COLORADO
WELD COUNTY RETIREMENT PLAN
EXHIBIT C
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
Year Ended December 31 , 1977
INVESTMENT INCOME:
Income from Common Trust Funds $ 66 ,934
Interest on mortgages 47,142
Interest on corporate bonds 19 ,934
Interest on government obligations 3,594
Interest on temporary investments 896
Interest on savings with trustees 5 ,380
$ 143 ,880
CONTRIBUTIONS:
•
Employer 305,211
Employees 305 ,211
Employer - reimbursement of administrative expenses 34,746
I.I 645 , 168
Total Investment Income 789 ,048 !1
REFUNDS TO MEMBERS
142 ,273
RETIREMENT BENEFITS PAID 89 ,542
ADMINISTRATIVE EXPENSES (Schedule 1) 23 ,534 !!
Total Investment Expenses 255 ,349 ';
NET INVESTMENT INCOME 533 ,699
is REALIZED GAIN AND UNREALIZED APPRECIATION
DECREASE ON INVESTMENTS:
Proceeds from sale of investments 113 ,206
Cost of investments sold 111 ,457
Net Realized Gain 1 ,749
Unrealized appreciation of investments:
II Beginning of year
379,866
End of year 342,807
Increase (decrease) in unrealized appreciation (37 ,059)
498,389
NET ASSETS AVAILABLE FOR BENEFITS:
Beginning of year 3,011 ,473
End of year
$ 3,509,862
The Notes to Financial Statements are an integral part of this exhibit. `!
II
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ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY RETIREMENT PLAN Schedule 1
Administrative Expenses
Year Ended December 31 , 1977
Trustee fees
$ 12 , 199
Actuarial fees
7 ,835
Auditing fees
3 ,500
Total administrative expenses
$ 23 ,534
The Notes to Financial Statements are an integral part of this schedule.
100 -
ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS GgEELEY, COLORADO
WELD COUNTY RETIREMENT PLAN
•
NOTES TO FINANCIAL STATEMENTS •
•
Year Ended December 31 , 1977
d Note 1 - Description of Plan:
I
A) General - The Weld County Retirement Plan (Plan) is a defined
!. benefit pension plan covering substantially all employees of
•
•
Weld County (County). Established in 1969 , the Plan provides
for pension, death and disability benefits. It is subject to the
Employee Retirement Income Security Act of 1974 (ERISA).
B) Pension Benefits - Under the Plan, upon normal retirement employees •
are entitled to a monthly benefit of one-twelfth of 1% of the
: employee's final average annual compensation (5 year average) ,
plus 1% of such final average annual compensation in excess of
$4,800, multiplied by the total number of years of credited
service. Benefits are payable for ten years certain and life there-
•
after. Employees with 10 years of service who retire after age 55
but before their normal retirement date will receive reduced
benefits. Employees may elect to receive benefits by one of the
following alternative methods:
1) Joint and Survivor Benefit
2) Life and Term Certain Benefit
3) Social Security Adjustment Option •
4) Lifetime Benefit Option
C) Death and Disability Benefits - If disability occurs before normal
retirement age and the employee is eligible for Social Security
Benefits, the monthly benefit is the normal retirement benefit
which would have been payable at age 65 , based upon credited
service and compensation prior to disability.
If a participant dies before age 55, his accumulated contribution
,j will be paid to his beneficiary or estate. In the event a partici-
pant with 10 years of service and who is also between 55 and
!i• 65 years of age dies, a monthly benefit of 60% of the monthly
retirement benefit earned by the participant prior to his date of
death is payable to his spouse. If the employee is not married,
his accumulated contributions will be paid to his beneficiary or •
,I estate.
•
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ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY RETIREMENT PLAN
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1977
.Note 1 - Description of Plan - Continued:
ID) Vesting - If an employee terminates prior to his normal retirement
age and before he has eight years of service to the County, he
will be entitled to a termination benefit of this accumulated con-
tributions
as of the date of termination. If an employee terminates
after eight years of service, he may elect to either withdraw his
• accumulated contributions or to receive benefits based upon the
following vesting schedule at his normal retirement date or at
age 55 .
Completed Years Percent of Earned
of Service
Benefit Vested
Lessthan8 0 %
8 50
9 75
10 or more 100
E) Contributions - As a condition of employment, employees are re-
quired to become members of the Plan. Employees are required to
contribute 4% of monthly compensation plus 2% of monthly
compensation in excess of $400. The County will match employee
contributions and will make such other contributions as may be
necessary to finance prior service benefits provided by the Plan.
F) Plan Termination - The County reserves the right to discontinue, at
its sole discretion, all County contributions to the Plan. Such
discontinuance shall be deemed to be a complete termination of :
the Plan. The County also reserves the right to alter, amend, or I
terminate the Plan, or any part thereof, in such manner as it may
iI determine, provided that no retirement benefit payable to any
employee shall be less than that provided by his accumulated •
contributions. In addition, no part of the Fund is recoverable by
the County until the Plan has satisfied all liabilities with respect
to current and former employees.
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO '��
i'
I WELD COUNTY RETIREMENT PLAN
I
.I
NOTES TO FINANCIAL STATEMENTS - Continued
II Year Ended December 31 , 1977
;Note 2 - Summary of Significant Accounting Policies:
,i
I. Valuation of Investments:
Common trust funds are valued by the trustees at the current market
Ii value. Mortgages are valued at their current value using the I
I' current interest rate for similar mortgages in the community. Cor- i
porate bonds and government obligations are valued at their current
price on the national security exchanges at December 31 , 1977.
'!' The difference between cost and current market value of assets
purchased during the year and the increase or decrease in the
li
.I
Ii market value of assets held from the beginning of the year is ;!
I� reflected separately as unrealized gain (loss), as applicable. '�
II In the event that common trust funds are sold, net realized gain or
• I
loss is computed using the average cost per unit at the date of j
I! sale. When other assets of the Plan are sold, net realized gain ..
li 'i
or loss is computed using the specific cost of the asset.
j Realized gains and losses and net investment income are retained in Ii
the Fund for investment purposes . :!
.. No provision for income taxes is recorded since the Plan is exempt II
from income taxes under Federal and Colorado law.
II Accumulated Benefits: i
lj Accumulated benefits are those annual pension benefits that indivi-
dual participants have accumulated under the Plan's benefit accrual
il
provision based on their current salary and service to date. The
• i current value of those accumulated benefits presented in the
financial statements is the aggregate of participants' accumulated il
it benefits adjusted to reflect the life expectancy of participants and ll
Ii discounted for the time value of money (that is , interest). r
II
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ANDERSON &WHITNEY.CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO ��
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WELD COUNTY, COLORADO
ii WELD COUNTY TREASURER :I
!I �I
FINANCIAL STATEMENTS
Year Ended December 31, 1977 IJ
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ANDERSON & WHITNEY, CEHI PIED PUBLIC ACCOUNTANTS, GREELEY, COLORADO
II
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TABLE OF CONTENTS
Page
Auditors' Report 106 •;
EXHIBIT A - STATEMENT OF ASSETS AND LIABILITIES
ARISING FROM CASH TRANSACTIONS 107
EXHIBIT B - STATEMENT OF CHANGES IN CASH BALANCES 108
NOTES TO FINANCIAL STATEMENTS 110 •
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
ANDERSON & WHITNEY
CERTIFIED PUBLIC ACCOUNTANTS
GREELEY NATIONAL PLAZA I.
GREELEY, COLORADO 80631 •
'
Board of County Commissioners
Weld County, Colorado
Greeley, Colorado •
i I
We have examined the statement of assets and liabilities arising from cash
transactions of the Weld County Treasurer at December 31 , 1977 and the related
statement of changes in cash balances for the year then ended. Our examination
was made in accordance with generally accepted auditing standards and, accord-
ingly, included such tests of the accounting records and such other auditing
procedures as we considered necessary in the circumstances.
As described in Note I of Notes to Financial Statements, the financial state-
ments of the Weld County Treasurer are prepared on the basis of cash receipts and
disbursements . Accordingly, the accompanying financial statements are not
intended to present financial position or results of operations in conformity with
generally accepted accounting principles .
In our opinion, the aforementioned financial statements present fairly the
assets and liabilities arising from cash transactions of the Weld County Treasurer ,
at December 31 , 1977 and the changes in cash balances for the year then ended,
on the cash receipts and disbursements basis of accounting as described in Note 1
of Notes to Financial Statements, which basis has been applied in a manner
consistent with that of the preceding year.
I! �
i' April 25 , 1978
•
I�. - 1Q6 •
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WELD COUNTY, COLORADO EXHIBIT A
WELD COUNTY TREASURER
l! STATEMENT OF ASSETS AND LIABILITIES ARISING FROM CASH TRANSACTIONS
• December 31 , 1977
ASSETS
Cash on hand $ 103 ,414
Cash in bank - demand deposits 2,497 ,854
Cash in bank - savings 155,647
Certificates of deposit 8,142 ,285
TOTAL ASSETS
$ 10,899 ,200 �
LIABILITIES
Funds held in trust:
Weld County Funds $ 7,759 , 141 I
Trust and Agency Funds
3, 123 ,542
' State Funds 16,309
Control Accounts 208
TOTAL LIABILITIES $ 10,899,200
The Notes to Financial Statements are an integral part of this exhibit.
ij
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
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ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS. GREELEY, COLORADO
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�--_ - -_ _..-.. .... - 109 - ___ _ _ j
ANDERSON &WHITNEY.CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
WELD COUNTY, COLORADO
WELD COUNTY TREASURER
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31 , 1977
Note 1 - Summary of Sig
nificant 4 Accounting
Pol
icies:
These financial statements summarize the activities of the Weld
County Treasurer. Applicable portions are included in the various
funds of Weld County.
Accounting Method:
The Treasurer follows the cash receipts and disbursements basis of
accounting. Under this method, receipts and related assets are
recognized when received rather than when earned and disburse-
ments are recognized when paid rather than when the obligation
is inc
urred.
- 110 -
ANDERSON & WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS GREELEY. COLORADO
•
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WELD COUNTY, COLORADO II
WELD COUNTY CLERK AND RECORDER
FINANCIAL STATEMENTS
Year Ended December 31 , 1977
' r
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ANDERSON &WHITNEY, CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
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TABLE OF CONTENTS
ii Page
Auditors' Report 113 I�
EXHIBIT A - STATEMENT OF ASSETS AND LIABILITIES
ARISING FROM CASH TRANSACTIONS 114
EXHIBIT B - STATEMENT OF CHANGES IN CASH BALANCES 115
u I
NOTES TO FINANCIAL STATEMENTS 116
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
ANDERSON & WHITNEY
CERTIFIED PUBLIC ACCOUNTANTS
•
GREELEY NATIONAL PLAZA
GREELEY, COLORADO 80631
:1•I II
Board of County Commissioners
Weld County, Colorado ,.
Greeley, Colorado
ij
We have examined the statement of assets and liabilities arising from cash
transactions of the Weld County Clerk and Recorder at December 31 , 1977 and the
related statement of changes in cash balances for the year then ended. Our exam-
ination was made in accordance with generally accepted auditing standards and,
accordingly, included such tests of the accounting records and such other auditing
procedures as we considered necessary in the circumstances.
•
As described in Note 1 of Notes to Financial Statements , the financial
statements of the Weld County Clerk and Recorder are prepared on the basis of
cash receipts and disbursements. Accordingly, the accompanying financial state-
ments are not intended to present financial position or results of operations in
conformity with generally accepted accounting principles.
In our opinion, the aforementioned financial statements present fairly the
assets and liabilities arising from cash transactions of the Weld County Clerk and
Recorder at December 31 , 1977 and the changes in cash balances for the year then
ended, on the cash receipts and disbursements basis of accounting as described
in Note 1 of Notes to Financial Statements , which basis has been applied in a
manner consistent with that of the preceding year.
May 19 , 1978
! i
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WELD COUNTY, COLORADO
EXHIBIT A :;
WELD COUNTY CLERK AND RECORDER
STATEMENT OF ASSETS AND LIABILITIES ARISING FROM CASH TRANSACTIONS
December 31 , 1977
ASSETS :I
Cash on hand - change funds $ 750 �a
Cash on hand — daily business 12 ,540
TOTAL ASSETS $ 13 ,290
I! j
LIABILITIES
Funds held in trust:
Weld County Funds $ 3,552 II
'! Trust and Agency Funds
State Funds 1 ,239
8,499 I.
I! TOTAL LIABILITIES $ 13 ,290
•
The Notes to Financial Statements are an integral part of this exhibit.
•
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ANDERSON &WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY, COLORADO
WELD COUNTY, COLORADO EXHIBIT B '
WELD COUNTY CLERK AND RECORDER
STATEMENT OF CHANGES IN CASH BALANCES i
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Year Ended December 31 , 1977
Cash Cash
Balance Balance •
1/1/77 Receipts Disbursements 12/31/77 I
WELD COUNTY FUNDS •
County clerk fees $ 1 ,940 $ 437, 189 $ 436,519 $ 2 ,610
Motor vehicle urban
and rural fees 10 364 ,208 364 ,026 192
Change funds 750 750
Total 2 ,700 801L397 800,545 3,552
TRUST AND AGENCY FUNDS
Specific ownership taxes 12 2 ,660,936 2 ,659 ,709 1 ,239
Aircraft marker fees - 2 ,231 2,231
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Total 12 2 .663 , 167 2 ,661 ,940 1 ,239
STATE FUNDS
�I Motor vehicle license fees 108 994,566 994,251 423
Motor vehicle sales tax 3 ,005 668,956 665 ,278 6,683
Motor vehicle certificates
of title 1 ,403 24, 160 24, 170 1,393
Total 4,516 1 ,687,682 1,683,699 8,499
TOTAL $ 7,228 $ 5 ,152246 $ 5 ,146,184 $ 13,290 II
The Notes to Financial Statements are an integral part of this exhibit.
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ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY, COLORADO
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WELD COUNTY, COLORADO
`j WELD COUNTY CLERK AND RECORDER
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1977
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Note 1 - Summary of Significant Accounting Policies:
These financial statements summarize the activities of the Weld
County Clerk and Recorder through the Motor Vehicle Department,
Recording Department, Election Department and the Clerk to the
Board. Applicable portions are included in the various funds of
Weld County.
Accounting Method:
The Clerk and Recorder follows the cash receipts and disbursements
basis of accounting. Under this method, receipts and related
assets are recognized when received rather than when earned and
disbursements are recognized when paid rather than when the
obligation is incurred.
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ANDERSON & WHITNEY. CERTIFIED PUBLIC ACCOUNTANTS. GREELEY. COLORADO
780543
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