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Home My WebLink About790569.tiff COMPREHENSIVE ANNUAL ," FINANCIAL L`A� REPO T Year Ended December 31, 1978 COUNTY of WELD STATE of COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT COUNTY OF WELD STATE OF COLORADO YEAR ENDED DECEMBER 31 , 1978 Issued by: Department of Finance & Administration Donald D. Warden Director of Finance & Administration z 0 F- c� W oc 0 I C, 0 oc I z TABLE OF CONTENTS Page INTRODUCTORY SECTION: Table of Contents 2 Letter of Transmittal 8 Principal County Officials 11 Organization Chart 12 FINANCIAL SECTION: GENERAL PURPOSE FINANCIAL STATEMENTS 14 Auditor's Report 15 EXHIBIT A-1 COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS 17 EXHIBIT A-2 COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - ALL GOVERNMENTAL FUND TYPES AND FIDUCIARY FUND TYPE 19 EXHIBIT A-3 COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - ALL GOVERNMENTAL FUND TYPES 20 EXHIBIT A-4 COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS/FUND BALANCE - ALL PROPRIETARY FUND TYPES 22 EXHIBIT A-5 COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PROPRIETARY FUND TYPES 23 EXHIBIT A-6 TRUST AND AGENCY FUNDS - WELD COUNTY RETIREMENT FUND - STATEMENT OF CHANGES IN NET ASSETS 24 NOTES TO FINANCIAL STATEMENTS 25 COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS AND SCHEDULES 39 GENERAL FUND 40 EXHIBIT B-1 BALANCE SHEET 41 EXHIBIT B-2 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE 42 (Continued on next page) - 2 - TABLE OF CONTENTS - Continued Page GENERAL FUND - Continued Schedule 1 Schedule of Revenues Compared with Estimate 43 Schedule 2 Schedule of Expenditures Compared with Budget 46 Schedule 3 Schedule of Operating Transfers In Compared with Estimate 49 Schedule of Operating Transfers Out Compared with Budget 49 SPECIAL REVENUE FUNDS 50 EXHIBIT C-1 COMBINING BALANCE SHEET 51 EXHIBIT C-2 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANCES IN FUND BALANCE 53 Schedule 1 Road and Bridge Fund - Schedule of Revenues Compared with Estimate 55 Schedule 2 Road and Bridge Fund - Schedule of Expenditures Compared with Budget 56 Schedule 3 Road and Bridge Fund - Schedule of Operating Transfers Out Compared with Budget 57 Schedule 4 Social Services Fund - Schedule of Revenues Compared with Estimate 58 Schedule 5 Social Services Fund - Schedule of Expenditures Compared with Budget 59 Schedule 6 Social Services Fund - Schedule of Operating Transfers In Compared with Estimate 60 Schedule 7 Federal Revenue Sharing Fund - Schedule of Revenues Compared with Estimate 61 Federal. Revenue Sharing Fund - Schedule of _xpenditures Compared with Budget • 61 Schedule 8 Federal. Revenue Sharing Fund - Schedule of Operating Transfers Out Compared with Budget 62 Schedule 9 Conservation Trust Fund - Schedule of Revenues Compared with Estimate 63 Conservation Trust Fund - Schedule of Expenditures Compared with Budget 63 Continued on next page) - 3 - TABLE OF CONTENTS - Continued Page SPECIAL REVENUE FUNDS - Continued Schedule. 10 Contingent Fund - Schedule of Revenues Compared with Estimate 64 Contingent Fund - Schedule of Operating Transfers • Out Compared w.i th Budget r:4 Schedule 11 Antirecession Fiscal Assistance Fund - Schedule of Revenues Compared with Estimate 65 • Antirecession Fiscal Assistance Fund - Schedule of Operating Transfers Out Compared with Budget 65 Schedule 12 Public Health Fund - Schedule of Revenues Compared with Estimate 66 Schedule 13 Public Health Fund - Schedule of Lxpend.itares Compared with Budget 68 Schedule 14 Public Health Fund - Schedule of Operating Transfers in Compared with Estimate 70 Schedule 15 Hunan Resources Fund - Schedule of Revenues Compared with Estimate 71 Schedule 15 Human Re:sources Fund - Schedule of Expenditures Compared with Budget 72 Schedule 17 Community Development Fund - Schedule of Revenues Compared with Estimate 73 Community Development Fund - Schedule of Expenditures Compared with Budget 73 Schedule 18 Subdivision Park Site Fund - Schedule of Revenues Compared with Estimate 74 Subdivision Park Site Fund - Schedule of Expenditures Compared with Budget 74 CAPITAL PROJECTS FUNDS 75 EXHIBIT D-1 COMBINING BALANCE SHEET 76 EXHIBIT D-2 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE 77 Schedule 1 Weld County General Hospital Capital Fund - Schedule of Revenues Compared with Estimate 78 Weld County General Hospital Capita]. Fund - Schedule of Expenditures Compared with Budget 78 (Continued on next page) - 4 - TABLE OF CONTENTS - Continued Page CAPITAL PROJECTS FUNDS - Continued Schedule 2 Library Expansion Fund - Schedule of Revenues Compared with Estimate 79 Library Expansion Fund - Schedule of Expenditures Compared with Budget 79 Schedule 3 Library Expansion Fund - Schedule of Operating Transfers In Compared with Estimate 80 Schedule 4 Public Works Fund - County Buildings - Schedule of Revenues Compared with Estimate 81 Public Works Fund - County Buildings - Schedule of • Expenditures Compared with Budget 81 Schedule 5 Public Works Fund - County Buildings - Schedule of Operating Transfers Out Compared with Budget 82 Schedule 6 Public Works Fund - County Services Building - Schedule of Revenues Compared with Estimate 83 Public Works Fund - County Services Building - Schedule of Expenditures Compared with Budget 83 Schedule 7 Public Works Fund - County Services Building - Schedule of Operating Transfers In Compared with Estimate 84 INTERNAL SERVICE FUNDS 85 EXHIBIT E-1 INTRAGOVERNMENTAI. AGENCY FUND - BALANCE SHEET 86 EXHIBIT E-2 INTRAGOVERNMENTAL AGENCY FUND - STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL 87 EXHIBIT E-3 INTRAGOVERNMENTAL AGENCY FUND - STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS A8 EXHIBIT E-4 INTRAGOVERNMENTAL AGENCY FUND - STATEMENT OF CHANGES IN FINANCIAL POSITION 89 Schedule 1 .Intragovernmental Agency Fund - Schedule of Operating Revenues Compared with Estimate 90 Intragovernmental Agency Fund - Schedule of Operating Expenses Compared with Budget 90 Schedule 2 Intragovernmental Agency Fund - Schedule of Fixed Asset Acquisitions Compared with Budget 91 (Continued on next page) - 5 TABLE OF CONTENTS - Continued Page TRUST AND AGENCY FUNDS 92 EXHIBIT F-1 COMBINING BALANCE SHEET 93 EXHIBIT F-2 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - ALL EXPENDABLE TRUST FUNDS 94 EXHIBIT F-3 WELD COUNTY RETIREMENT FUND - STATEMENT OF CHANCES IN NET ASSETS 95 EXHIBIT F-4 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS 96 Schedule 1 Library Special Fund - Schedule of Revenues Compared with Estimate 97 Schedule 2 Library Special Fund - Schedule of Expenditures Compared with Budget 98 Schedule 3 Weld County Retirement Fund - Schedule of Administrative Expenses 99 GENERAL FIXED ASSETS ACCOUNT GROUP 100 EXHIBIT G-1 STATEMENT OF CHANGES IN GENERAL FIXED ASSETS 101 STATISTICAL SECTION: Auditor's Report 103 Table I General Governmental Expenditures by Function 104 Table II General Revenues by Source 105 Table III Property Tax Levies and Collections 106 Table IV Assessed and Estimated Actual Value of Taxable Property 107 Table V Property Tax Rate and Tax Levies - All Overlapping Governments 108 Table VI Special Assessment Collections 109 Table VII Computation of Legal Debt Margin 110 Table VIII Tables Relating to Bonded Debt 111 (Continued on next page) - 6 - TABLE OF CONTENTS - Continued Page STATISTICAL SECTION - Continued: Table IX Demographic Statistics 112 Table X Property Value, Construction, Bank Deposits and Other Economic Indicators 113 Table XI Principal Taxpayers 114 Table XII Miscellaneous Statistics 115 Table XIII Insurance in Force 117 7 OFFICE OF FfNANC PHONE (303)356-4000 EXT.2 P.O. BOX 7 GREELEY,COLORADO 806 O COLORADO May 31, 1979 The Honorable Board of Commissioners County of Weld 915 10th Street Greeley, Colorado 80631 Dear Board Members: The annual comprehensive financial report of the County of Weld, State of Colorado, for the year ended December 31 , 1978, is prepared on behalf of the Board and published as a public document. The accounts have been maintained in accordance with generally accepted accounting principles, and are presented in a format developed and approved by the Municipal Finance Officers Association of the United States and Canada, and the National Committee on Governmental Accounting. The report consists of three major sections as follows: Introductory Section - Following this letter of transmittal, the section also contains a list of principal county officials and an organizational representation of Weld County government. Financial Section - The opinion of the Certified Public Accountants engaged by your Board and the appropriate financial statements for each specific group of funds is contained in this section. The accounting basis on which these reports were prepared is covered in the notes to financial statements. Statistical Section - This portion of the report contains informa- tion of general interest and includes comparative tables for up to ten year periods, where data was available. The statistical tables reflect social and economic data, financial trends, and the fiscal capacity of Weld County. Accounting Methods and Responsibility The Director of Finance and Administration is a Board appointed position in accor- dance with the Weld County Home Rule Charter. He is the Chief Accounting Officer of the County, and derives his Authority and direction from the County Charter as well as the Colorado Revised Statutes of 1973. The department is responsible for - 8 - the implementation of accounting systems, the proper maintenance of accounting records, and the clear and concise reporting of the County's financial transactions. The accounting system employed conforms to generally accepted accounting principles consistently applied with prior years. The proprietary funds and fiduciary pension trust funds utilize the accrual method of accounting. The modified accrual is followed by the governmental, funds and expendable fiduciary trust 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. Financial Highlights During the year 1978, the County General, Special Revenue and Capital. Projects Funds had a $3.0 million (11%) increase in total, revenues over 1977. Intergovern- mental revenues showed the largest increase, $1 .9 million due primarily to the Human Resources Fund. Current property taxes for ail operating funds increased approximately 5% over the preceding year, in accordance with the Weld County Home Rule Charter tax limitation. Expenditures of the General and Special Revenue funds exhibited a net increase of $4.6 million (21%) over the prior year. Major increases were in the public safety ($1.4 million), county roads and highways ($1 .1 million) and auxiliary services, primarily Human Resources ($1.1 million). Expenditures of the Capital Projects Funds decreased $3.2 million as the County Services Building project was completed in 1978. Additions to fund balances for these three generic fund types resulting from 1978 operations amounted to $1 .2 million. This amount primarily resulted from unused Weld County General Hospital Capital Fund appropriations and the operating transfer from Revenue Sharing to cover the deficit fund balance of Social Services Fund at December 31, 1977. The County has no bonded indebtedness, nor does it have any significant lease/ purchase agreements for public facilities or equipment. Thus, Weld County maintains an 8.7 million dollar allowable debt capacity. Major Prospects for the Future Weld County continues to experience stable economic conditions as indicated by the major economic indicator of business activities, retail sales, and housing starts presented in the statistical section of this report. Unemployment continued to be lower than the national, average. Inflation remains as one of the major concerns in planning the allocation of resources and providing the level of service expected by County citizens. In view of the critical need to control expenditures and property tax rates, the actions taken by our Board in 1978 to strengthen controls over departmental expenditures in relationship to spending plans are particularly appropriate at this time. Finally, your Board is to be commended for its foresight and action to insure the general fiscal health and integrity of the County. - 9 - Summary Financial reports are valuable in that they provide a permanent historical record of a governmental agency's operation to its management and the general public. It is our belief that this is a comprehensive report of the 1978 financial transactions under our control and that the following statements present an accurate, informative record of the financial activities of the County of Weld and its financial condition at December 31, 1978. In addition, it is our opinion that this comprehensive annual financial report substantially conforms to the financial reporting principles and standards promulgated by the National Council on Governmental Accounting, and will. be submitted to the Municipal Finance Officers Association to be judged for a Certificate of Conformance in Financial Reporting. The assistance of County staff and staff of Anderson & Whitney in the preparation of this report is sincerely appreciated. Respectfully submitted, „). Donald D. Warden, Director Finance and Administration - 10 - COUNTY OF WELD STATE OF COLORADO PRINCIPAL COUNTY OFFICIALS December 31 , 1978 Board of County Commissioners Norman Carlson Lydia Dunbar Victor Jacobucci Leonard Roe June K. Steinmark Director of Finance and Administration Donald D. Warden Comptroller Richard "Scott" Goering Independent Auditor Anderson & Whitney Certified Public Accountants - 11 - 2 c 0 w Q I a Q 0 CCQ _0 U -+ z° Z V) cc I >I_uuzLU °Q U N 2 CC I Z V H 0 O LU Z7 2 ce f �� W cn + Y 0> 0Qpg Z uu. 7 Up U iA i d w ix I _ - a cz H c z c cn w OOwOvwCQ CC l... J W J L4LJ CL a > � v o m < V QO�wJ O .T. a w '� R r Q 6 w¢c) 0 0 H a 1 " " m 3 .;, X I I ± TT ' w J > 4 V LL J � I co 0 W o zl-- zwI - d I LIZ g �+� 1 ` CL CL{nQ ^ / 1 a .r.' + w1� Q'". 0 . 5 u E - U V I t- r c O .77 c E n EP Z r Q 2 c `o c - c CC D co W r — a Z a m m o 3 a j S W OO o ' 0 � H , Icccr CC IW wcn 2 I � "- 0 1 O Ift! 0 I i'2 2 w i x 6, b 2 o ! I I .)U c, r cc W � ; � 2 Q Q zcioodJi O CC a o col _ 1 c,� J a i = [J1- =e.• ® ,� Z O y uj I O 4 O • oQ W U ' 3 o J 7 J 2z W fc - av � a cn ≥ d E — o W If ` ` V . 0O a ia' d , dvaiq I 00 W p � w, c ; 0 Ira , U0 0 > > ° c c 23 3 cE ;, D o' S I i o 7 " F c w i o J { , zzz �Raun. TST J I C.z1Z D ; U.1 (75 Q w22 Z =t CC CEO 14. ul U 0Ea � cc vz'' o a ya0 LL �O o 0 D O " o2xcr�aaWI 0 0 0W . = r i s V o ' ° > Nm ° ' 2 o w — w r U 11 I V o I - Ra c c I { u c., ti: u .0 a - 12 - Z O F— V W to Q v Q z La . GENERAL PURPOSE FINANCIAL STATE ENTS 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 C and supporting schedules), as of December 31, 1978 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. Internal 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. 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 Intragovernmental Agency Fund present fairly the financial position of the fund at December. 31 , 1978, 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 with that of the preceding year. General Fixed Assets Account Group The County does not have an adequate system of accounting to insure that all fixed assets of the General Fixed Asset Account Group are properly recorded and it was impractical to substantiate the existence of fixed assets since a physical inventory has not been completed. 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 Account Group present fairly the financial position of the account group at December 31, 1978, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. - 15 - Board of County Commissioners - Continued Separate Reports The financial statements of the Weld County General Hospital Operating Fund and Weld County General Hospital Depreciation Fund as of December 31, 1978 and for the year then ended are not included in these financial state- ments. They were examined and reported on separately by other auditors. Opinion In our opinion, the aforementioned financial statements, listed in the foregoing table of contents (EXHIBITS A thru G and supporting schedules) other than the financial statements for the .Internal. Service Funds and General Fixed Asset Account Group, present fairly the financial position of those funds of Weld County, Colorado at December 31 , 1978, 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. . Compliance In connection with our examination, we also ( 1) performed tests of compliance with the Revenue Sharing and Antirecession Fiscal Assistance Acts and regulations as required by Sections II.C.3. and II[.C.3. of the Audit Guide and Standards for Revenue Sharing and Antirecession Fiscal Assistance Fund Recipients (Guide) issued by the Office of Revenue Sharing, U.S. Department of the Treasury and (2) compared the data on Bureau of Census Form RS-9 to records of the County of Weld as required by Section I1.C.4. of the Guide. Our findings are set forth below. Certain information on Bureau of Census Form RS-9 was misclassified. Property taxes in the amount of $111 ,864 were reported as Intergovernmental Revenue - streets and highways. Grant funds totaling $312,022 received from the Department of Health, Education and Welfare were reported as revenue from state sources rather than from the federal government. Except for the aforementioned we noted no instance of noncompliance with the regulations and no other material differences between Census data on Form RS-9 and the records of the County of Weld for the year ended December 31, 1978. aJ ) May 31 , 1979 *I 4N I�O QQ0 4 0 .0 4- oprn CO N V- E O WI CO 1/40 — 1 E M0N IT f (000 r+' 'p4- 44N— 440 r G rrs Cr, 7 ON 000 O' Lr1 -(0 r, (G 7 W ONr N r� I-- a) fn r0 0) 1r. N 0 LA N N 400 LA 00 r ..n 0) A- v.. . M-. rI OIo w% ONO � �d N W 1/40 N � rn n X6 N ~' T 7' r � N T ~ U.f ,. VS L> I Ni in N I I 1 I / 4 I I N N Lr) CO C b v1 I I 4 I G I LA p I I N N O O a) 't co n LA1/40 .- .- w N vc� y �i NrN i. in Q N v C. ... N V'. Ln 0004- I 0 L. a C T�! Q Cl‘in m I O N 1 I I IC' 1 I I 1 1 I i O I RI A r7 .. O\ • '^I)r (J L._ O � 0 Lr1 O, O• roC rnx `ulcn rnor" 0 VI U `r LJ rn O N 0 N Q)CZ G Vs I N Z y b ,,; M1 1 1 l O t 1 0) I I Q I p I �� Li G a L WI .. 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O �N�pp V Cs ID f`� N� q� lL t .1 Ti S .0 �p N! b N ^� ,NI Y O� an `I I I NI u .42 'c.I AI �I '� g�U fli I 1 na, "I N n d 3: 1•0 Y •-� 1 I I •� 2 NI I I N �I N s WI .� q y 0 b T W pI •g.iN u u '� 4 .....13.i .p V flr N�. m n N , d� • W I Vl� v I ,, / I { N • I b! • NI M hi m,:i 4 CO gsI WI 0 ' d NI 1 J N• ✓ n ID III .0 ii <0 �. ac; Al I, _� �1 ) N I V I I I i y h. t,_S 2 N L M a /(��' ••a. r te— �rJVt¢ moo m a ^w Luc r..; 71. N 2o) M L O C 0 WOWS ' N.Z.. ^ y ..V.S W Z T C 02 V=C,M� 9+. 3 Ici }p W `t : ..7 ~.Z. w pp 10 ZQ y� N N 4._. y, pZ p t� 8 W t,:,-;7,u OW Z 1 4 D.Vi 2•V ~ 8 N N< �.N y� y �W� 2 x O O b W Z J p1,'S a <N U¢ Io IUNy(��ISy .J iC` N m y1 W '~J +/W n $1� D in lam- %O U. • - 21 - COUNTY OF WELD EXHIBIT A-4 STATE OF COLORADO COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS - ALL PROPRIETARY FUND TYPES Year Ended December 31, 1978 Internal OPERATING REVENUES: Service Billings to other funds - equipment rental $ 1 ,789,587 Farm income 25,300 Miscellaneous 10,045 Gain on disposition of fixed assets 8, 144 Total Operating Revenues 1,833,076 OPERATING EXPENSES: • Salaries and fringe benefits 385,294 Audit services 4,407 Operating supplies 17,824 Repairs and maintenance 12,431 Utilities 2.1 ,667 Miscellaneous 3,319 Parts and supplies 925,641 Depreciation 405,074 Total Operating Expenses 1,775,657 NET INCOME 57,419 RETAINED EARNINGS, January 1 , 1978 350,567 RETAINED EARNINGS, December. 31 , 1978 $ 407,986 The Notes to Financial Statements are an integral part of this exhibit. - 22 - COUNTY OF WELD EXHIBIT A-5 STATE OF COLORADO COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PROPRIETARY FUND TYPES Year Ended December 31 , 1978 Internal • WORKING CAPITAL PROVIDED: Service Net income $ 57,419 Add: Expenses deducted which did not require outlay of working capital: Depreciation 405,074 Working capital provided from operations 462,493 Undepreciated cost of assets sold or abandoned 46,278 Total Working Capital Provided 508,771 WORKING CAPITAL APPLIED: Purchase of fixed assets 363,200 Residual equity transfers 327,245 Total Working Capital Applied 690,445 DECREASE IN WORKING CAPITAL $ (181,674) FINANCING AND INVESTING ACTIVITIES NOT AFFECTING WORKING CAPITAL: Fixed assets contributed by other county funds $ 184,521 CHANGES IN COMPONENTS OF WORKING CAPITAL: Increase (decrease) in current assets: Cash with treasurer $ 389,233 Cash - other50 Accounts receivable 49,739 Due from other county funds (122,189) Inventories (323,843) Net increase (decrease) in current assets (7,010) Increase (decrease) in current liabilities: Accounts payable (197,456) Accrued salaries payable 4,895 Accrued payroll taxes payable 1,466 Due to other county funds 368,279 Other current liabilities (2,520) Net increase in current liabilities 174,664 DECREASE IN WORKING CAPITAL $ (181,674) The Notes to Financial Statements are an integral part of this exhibit. - 23 - COUNTY OF WELD EXHIBIT A-6 STATE OF COLORADO TRUST AND AGENCY FUNDS WELD COUNTY RETIREMENT FUND STATEMENT OF CHANGES IN NET ASSETS Year Ended December 31 , 1978 • INVESTMENT INCOME: Income from common trust funds $ 108,475 Interest on mortgages 41 ,848 Interest on corporate bonds 20,900 Interest on government obligatons 2,797 Interest on temporary investments 990 Interest on savings with trustees 4,402 179,412 CONTRIBUTION INCOME: Employer 393,531 Employees 393,531 Employer - reimbursement of administrative expenses 34,770 821 ,832 Total Income 1 ,001 ,244 EXPENSES: Refunds to members 127,413 Retirement benefits paid 102, 158 Administrative expenses 34,770 Total Expenses 264,341 NET INCOME 736,903 REALIZED GAIN AND UNREALIZED APPRECIATION DECREASE: Proceeds from sale of investments 599,636 Cost of investments sold 598,029 Net Realized Cain 1,607 Unrealized appreciation of investments: Beginning of year 342,807 End of year 329,099 Increase (decrease) in unrealized appreciation (13,708) Total Realized Gain and Unrealized Appreciation Decrease 724,802 NET ASSETS, January 1 , 1978 3,509,862 NET ASSETS, December 31, 1978 $ 4,234,664 The Notes to Financial Statements are an integral part of this exhibit. - 24 - NOTES TO FINANCIAL STATEMENTS COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31 , 1978 Note 1 - Summary of Significant Accounting Policies: The Summary of Significant Accounting Policies outlines specific accounting principles and methods of applying those principles for all funds and account groups of the County. Basis of Presentation: Each fund is an independent fiscal and accounting entity with a self balancing set of accounts recording cash and other financial resources together with all related liabilities, residual equities and balances 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 account groups are established to account for the general fixed assets of the County. The following funds and account groups are currently being used by the County. Governmental Funds: General Fund: The General Fund accounts for all financial transactions of the County that are not properly accounted for in other funds. Ordinary operations of the County such as public safety, county administration and other activities financed from taxes and general revenues are reflected in this fund. Special Revenue Funds: Special Revenue Funds are established to account for taxes or other earmarked revenues of the County which finance specified activities as required by law or administrative action. Road and Bridge Fund: The Road and Bridge Fund records 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 recorded in this fund in accordance with the regulations of the Office of Revenue Sharing. (Continued on next page) 26 - COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS - Continued Year Ended December 31 , 1978 Note 1 - Summary of Significant Accounting Policies - Continued: Basis of Presentation - Continued: Governmental Funds - 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, develop- ment and maintenance of new conservation sites within Weld County. Contingent Fund: The Contingent Fund records the property tax revenues levied by the Board of County Commissioners to cover reasonably unfore- seen expenditures. Antirecession Fiscal Assistance Fund: This fund acccounts for federal antirecession monies and expendi- tures in accordance with the regulations of the Office of Revenue Sharing. Public Health Fund: The Weld County Public Health Department provides health services to County residents. The fund reflects revenues and expenditures for health care, health education, health monitoring and other related activities. Human Resources Fund: The Human Resources Fund accounts for various Federal and State human service grants. Primary funding agencies are DOL, HEW, and CSA. Community Development Fund: Community Development Block Grant awards and expenditures are recorded 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 paid by subdividers for the purpose of dedicating, developing and/or reserving land for parks and/or other necessary public purposes. (Continued on next page) - 27 - COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS - Continued Year Ended December 31 , 1978 Note 1 - Summary of Significant Accounting Policies - Continued: Basis of Presentation - Continued: Governmental Funds - Continued: 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 . Library Expansion Fund: The Library Expansion Fund records construction costs of new library facilities. Public Works Fund - County Buildings: This fund accounts for capital improvement projects on County buildings. Public Works Fund - County Services Building: Costs of construction and furnishing of the Centennial Center are reflected in this fund. Upon completion of the project in 1978, the fund was closed. Proprietary Funds: Internal Service Funds: Internal Service Funds are established to account for goods and services provided to other departments of the County on a cost-reimbursement basis. Intragovernmental_ Agency Fund: The Intragovernmental Agency Fund accounts for the revenues and costs generated by equipment and vehicles rented to the Road and Bridge Fund and to various departments of other County funds. (Continued on next page) - 28 - COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS - Continued • Year Ended December 31 , 1978 Note 1 - Summary of Significant Accounting Policies - Continued: Basis of Presentation - Continued: Fiduciary Funds: 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 for individuals, governmental entities and non-public organizations. Trust Funds: Library Special Fund: The Library Special. Fund records the centralized purchasing and processing program activities and the system area resource center offered to area libraries. Weld County Retirement Fund: The Weld County Retirement Fund accounts for the defined benefit retirement pension plan which covers substantially ail permanent, full-time employees of Weld County. Agency Funds: Weld County Clerk and Recorder Fund: This fund accounts for all receipts of the motor vehicle and recording departments held for subsequent distribution to the State of Colorado, the individual funds of Weld County, and to local tax agencies within the County. Weld County Treasurer Fund: This fund accounts for all monies collected by the County of Weld for its various individual funds as well as tax collec- tions for local agencies within the County. General Fixed Assets Account Group: Investments in property and equipment, except for those of the Internal Service Funds and the Weld County General Hospital, are recorded in this account group. (Continued on next page) - 29 - COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS - Continued Year Ended December 31 , 1978 Note 1 - Summary of Significant Accounting Policies - Continued: Basis of Accounting: The governmental funds and expendable fiduciary trust funds utilize the modified accrual basis of accounting. Under this method revenues are recognized in the year in which they become both measurable and available. Expenditures are recorded when liabilities are incurred. Proprietary funds and fiduciary pension trust funds follow the accrual basis of accounting whereby revenues are recognized in the year in which they are earned and become measurable. Expenses are recorded when liabilities are incurred. Fiduciary funds follow 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 at the time the obligation is incurred. Investments: All investments are recorded at cost except for those investments of the Weld County Retirement Fund which are reflected at market value as of December 31, 1978. Property Taxes: The 1978 property taxes levied January 1, 1978 are due and payable in 1979 and, accordingly, the receivable and related revenue have not been recorded at December 31 , 1978. The 1977 property taxes collected in 1978 represented 99.82% of the tax levy. Delinquent property taxes (primarily personal property taxes) are recorded net of estimated (75%) allowance for uncollectible taxes. Accounts Receivable: • Accounts receivable are recorded net of the allowance for doubtful accounts. The allowance is based on experience in previous years and examination of substantial noncurrent accounts. Interfund Transactions: Interfund receivables and payables are not eliminated and are reflected in the appropriate funds as follows: Interfund transactions resulting from reimbursements and operating transfers are recorded as due to or due from other county funds. Charges for services rendered from one fund to another are reflected in accounts receivable or accounts payable as applicable. Residual equity transfers represent nonrecurring or nonroutine transfers of equity between funds. All other interfund transfers are recorded as operating transfers. (Continued on next page) 30 - COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS - Continued Year Ended December 31, 1978 Note 1 - Summary of Significant Accounting Policies - Continued: Inventories: Inventories of governmental funds are stated at cost, determined by the first-in, first-out method. These funds utilize the consumption method whereby expenditures are recorded at the time the inventory items are used. Fund balance is reserved for the unexpended inven- tory on hand at year end. Inventories of proprietary funds are recorded at the lower of cost (average) or market. Fixed Assets and Depreciation; Fixed asset additions of Internal Service Funds are recorded at acquisition cost. Depreciation on these assets is computed using the straight-line method over the useful lives as follows: Land improvements Years Buildings 20 Machinery and equipment 30 Internal Service 3-10 Fund expenditures for maintenance and repairs are charged to expense as incurred whereas major property replacements and betterments which extend the life of the s are 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. Property and equipment in the General Fixed Assets Account Group are stated at cost. Fixed assets contributed are recorded at fair market value at the time received. Purchases of such assets, except for those purchases which relate to the Internal Service funds, are recorded as expenditures in budgetary funds when the liabilities are incurred and capitalized in the General Fixed Assets Account Group. Maintenance and repairs are recorded as expenditures in various budgetary funds when Incurred, and are not capitalized. Depreciation is not recorded on general fixed assets. Upon disposal of a fixed asset, the ;eneral Fixed Assets Account Group is relieved of the related cost. Sick-Leave and Vacation Pay: Sick-leave is earned when vested but recorded as an expenditure upon payment. In the event of retirement or termination, an employee is paid for 50% accumulated sick-leave hours up to the equivalent of one month. At December 31, 1978, the liability for accumulated sick-leave approximated $294,000. Unused vacation time is forfeited annually at December 31 , 1978. (Continued on next page) - 31 - COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS - Continued Year Ended December 31 , 1978 Note 1 - Summary of Significant Accounting Policies - Continued: Contributed Capital: Contributions of fixed assets to the Intragovernmental Agency Fund, as additions to the fleet are recorded at the acquisition cost of the contributing fund. Depreciation is recognized as outlined in Fixed Assets and Depreciation. Designated Fund Balance: Fund balance designated for subsequent years' expenditures represents fund balance commitments for appropriated expenditures in excess of anticipated revenues for the year ending December 31 , 1979. Equipment Rental Rates: Rentals are charged by the Intragovernmental Agency Fund for equipment provided to other County funds. The rates are established to cover fuel, repairs and maintenance and equipment replacement. 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 receiv- ables, less related liabilities. Interest on Investments: 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, the Capital Projects Funds and the interest earnings on certain deposits held for other taxing authorities. This income is allocated to the respective funds and accounts, General Purpose Financial Statements: The General Purpose Financial Statements present a combined overview of all generic fund types and account groups of the County which are individually shown in the following part of the Financial Section. Note 2 - Cash - Restricted: Restricted cash at December 31 , 1978 included cash balances in the Human Resources Fund of Department of Health, Education and Welfare terminated grants. Upon authorization from HEW these funds may be reprogrammed in a future grant. (Continued on next page) - 32 - COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS - Continued Year Ended December 31 , 1978 Note 3 - Adjustments of Prior Periods: General Fund - On January 1, 1978, the County changed the method of accounting for its printing and supplies inventory from the purchases method (expended when purchased) to the consumption method (expended when used) . The January 1 , 1978 fund balance has been increased 543, 148, the amount of beginning inventory, to reflect this change. Social Services Fund - During 1978 adjustments were made to the January 1 , 1978 fund balance of the Social Services Fund. These adjustments arose from the following: Adjustment to 1977 day care, foster care and IV 0 administration revenue (48, 159) Adjustment to 1977 administration, day care, foster care and IV D administration expenditures 99,003 S 50,844 The adjustments resulted from a change in the method of accounting for Social Services Fund revenues and expenditures. Prior to 1978, expenditures for financial reporting were accrued when incurred but without regard to the period these items were reimbursable from the State of Colorado. The change was made to more closely conform the method of accounting for expenditures and the corresponding revenues to State reimbursement procedures. Human Resources Fund: For the year ended December 31 , 1977 certain revenues ($7, 588) from non-federal sources were recorded in a Community Services Administra- tion grant. It has been determined by CSA that such revenue is not subject to their regulations. In 1978, adjustments were made to reflect this transaction in the Division of Human Resources Transpor- tation Department. Note 4 - Residual Equity Transfer: On January 1 , 1978 the Intragovernmental Agency Fund (IGA) transferred $327,245 of bridge, culvert and sign materials inventory to the Road and Bridge Fund. This residual equity transfer represents the return of capital originally contributed to the IGA Fund in 1973. Note 5 - Public Health Fund: Unanticipated deficits in cash with treasurer ($176,000) and fund balance ($47,000) arose during 1978 in the Public Health Fund due to an unexpected increase in expenditures. The County plans to eliminate the deficits during 1979 through excess revenues over expenditures. - 33 - COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS - Continued Year Ended December 31 , 1978 Note 6 - Budgets: An annual expenditure budget is adopted for all governmental, proprietary and expendable trust funds of the County. Revisions made to the original budget for each fund are as follows: Original Total Revised Budget Revisions Budget General Fund $ 9,593,006 $ 791 ,219 $ 10,384,225 Road and Bridge Fund 5,643,330 706,397 6,349,727 Social Services Fund 7,637,523 87,733 7,725,256 Federal Revenue Sharing Fund 1 ,896,843 - 1,896,843 Conservation Trust Fund 39,714 - 39,714 Contingent Fund - 476,874 476,874 Antirecession Fiscal Assistance Fund - 7,501 7,501 Public Health Fund 1 ,727, 171 299,014 2,026,185 Human Resources Fund 2,710,707 236,522 2,947,229 Community Development Fund 201 ,160 - 201 , 160 Subdivision Park Site Fund 15,000 - 15,000 Weld County General Hospital Capital Fund 1 ,985,500 - 1 ,985,500 Library Expansion Fund 510,000 - 510,000 Public Works Fund - County Buildings 306,752 - 306,752 Public Works Fund - County Services Building 1,937,275 - 1,937,275 Intragovernmental Agency Fund 2,654,920 - 2,654,920 Library Special Fund - 58,700 58,700 Note 7 - Fund Reporting Changes and Principles: Old Age Pension Fund - A separate budget was approved for 1978. This fund has been combined for financial statement reporting with the Social Services Fund. Residential Child Care Facility Fund - This fund, reported as a separate fund at December 31, 1977, has been included with the General Fund for 1978. - 34 - COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS - Continued Year Ended December 31 , 1978 Note 8 - Operating 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 , 1978, including contingent rentals of $5,775, were $88,551. Minimum commitments at December 31 , 1978 under the lease agreement are $448,370, payable as follows: Year Amount 1979 $ 82,776 1980 82,776 1981 82,776 1982 82,776 1983 82,776 1984 34,490 The County has the option to purchase the building at the termination 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 1979 to 1980. Lease expense for the year ended December 31 , 1978 was $49,782. Commitments at December 31 , 1978 under the lease agreements are $46,706. payable as follows: Year Amount 1979 $ 29, 175 1980 17,531 The County's General Fund leases buildings in which the Residential Child Care Facility and the Southern Weld County Sub-Station are operated. The leases are for one to two year terms and both expire in 1979. Lease expense for the year ended December 31 , 1978 was $5,950. Commitments at December 31 , 1979 under the lease agreements are $7,650 payable as follows: Year Amount 1979 $ 7,650 The County may extend the lease on the Residential Child Care Facility Building for one additional year and has the option to purchase the property at any time during the term of the lease for $81 ,000. The County, jointly with Boulder county, leases a computer and peripheral equipment from IBM. These leases are for one year at a time and may be terminated at the end of that year. - 35 - • COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS - Continued Year Ended December 31 , 1978 Note 9 - 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 is sufficient to cover any 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 10 - Contingent Liability: The County participates in a number of federally assisted grant programs, principally of which is the Department of Labor's Comprehensive Employment Training Act. This program is subject to a compliance audit by the grantors which, as of December 31, 1978, has not been completed. Accordingly, the County's compliance with applicable grant requirements will be established at some future date. The amount, if any, of expenditures that may be disallowed by the DOL cannot be determined at this time, although it appears that the amount, if any, would not have a material effect on the financial statements. Note 11 - Subsequent Events: On January 1 , 1979 the County adopted the encumbrance method of recording commitments related to unperformed contracts for goods and services. Under this method, outstanding encumbrances at year end will be recorded as a reservation of fund balance with an appropriation made in the subsequent year to provide authority to complete the transaction. Internal service funds were established on January 1 , 1979 for Printing and Supply, Computer and Insurance. These activities were segregated from the General Fund as they record goods and services provided to other departments of the County on a cost;-reimbursement basis. In addition, the Library Fund was created as a special revenue fund to account for the proc.•eds of specific revenue sources which finance library operations. Note 12 - Construction Contracts in Progress: Construction of the Library addition through the Library Expansion Fund was approximately 40% complete at December 31 , 1978 as detailed below; Contract, as amended $ 659,636 Payments and accruals through 12/31/78 261 ,986 Contract Balance, 12/31/78 $ 397,650 - 36 - COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS - Continued Year Ended December 31 , 1978 Note 13 - Total Capital Projects Financial Resources and Expenditures: The capital outlay transactions of the Library Expansion Fund and the Public Works Fund - County Services Building are planned and evaluated on a project basis which normally exceeds one year. Total financial resources and expenditures of these projects from date of inception are detailed below: Public Works Library Fund - Expansion County Services Fund Services Date of inception 1975 1974 Date of completion 1979 1978 Financial Resources: Taxes $ 123,376 $ 3,496,348 Earnings on investments 12,001 309,536 Operating transfers from: Federal Revenue Sharing Fund 165,569 5,010,656 Public Works Fund - County Buildings 207,252 2,300,000 Total Financial Resources 508, 198 11 , 116,540 Expenditures 338,742 . 11 , 116,540 Fund Balance, December 31 , 1978 $ 169,456 $ - Note 14 - Weld County Retirement Plan: The Weld County Retirement Plan is a defined benefit pension plan covering substantially all permanent full-time employees of Weld County. Established in 1969, the Plan provides for pension, death and disability benefits. The total pension expense for the year ended December 31 , 1978 was $393,531 . At December 31 , 1978, there is no liability for unfunded past service cost. - 37 - COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS - Continued Year Ended December 31 , 1978 Note 15 - Expenditure Clearing Accounts: A summary of expenditure clearing accounts as prescribed by the State of Colorado is detailed below: Special Internal General Revenue Service Fund Funds Funds Total EXPENDITURE CLASSIFICATION: County audit $ 57,681 $ 30,052 $ 4,407 $ 92, 140 Data processing 313,331 18,044 - 331 ,375 Insurance and bonds 175,572 126,812 - 302,384 Publishing 21 ,023 1 ,839 - 22,862 Retirement and pension contributions 537, 184 522,400 36,975 1 ,096,559 Workmen's compensation 13,365 73,540 - 86,905 - 38 - COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS , AND SCHEDULES GENERAL FUND The General Fund accounts for all financial transactions of the County that are not properly accounted for in other funds. Ordinary operations of the County such as public safety, county administration and other activities financed from taxes and general revenues are reflected in this fund. - 40 - COUNTY OF WELD EXHIBIT B-1 STATE OF COLORADO GENERAL FUND BALANCE SHEET December 31 , 1978 ASSETS Cash with treasurer $ 950,632 Cash - other 12,909 Accounts receivable - ambulance service, less allowance of $42,517 52,211 Delinquent taxes receivable, net 7,718 Due from other governmental units 277, 191 Due from other county funds 126,557 Inventories, at lower of cost or market 38,565 Other assets 50,455 TOTAL ASSETS $ 1,516,238 LIABILITIES AND FUND BALANCE LIABILITIES: Accounts payable $ 213,626 Accrued salaries payable 416,223 Accrued payroll taxes payable 97,270 Other liabilities 21 ,333 Due to other governmental units 909 Due to other county funds 3,346 Unexpended grant revenue 62,561 Deferred revenue 7,718 Total Liabilities 822,986 FUND BALANCE: Reserved for inventories 38,565 Unreserved: Designated for subsequent years' expenditures 54,504 Undesignated 600,183 Total Fund Balance 693,252 TOTAL LIABILITIES AND FUND BALANCE $ 1 ,516,238 The Notes to Financial Statements are an integral part of this exhibit. - 41 - COUNTY OF WELD EXHIBIT B-2 STATE OF COLORADO GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31 , 1978 REVENUES: (Schedule 1) Taxes $ 5,556,974 Licenses and permits 187,067 Intergovernmental revenue 549,513 Charges for services 1,068,089 Fines and forfeits 2,171 Miscellaneous revenue 1 ,689,951 Total Revenues 9,053,765 EXPENDITURES: (Schedule 2) General government 4,232,864 Judicial 348,509 Public safety 2,551 ,449 Health and hospitals 523,907 Auxiliary services 1,012,490 Intergovernmental expenditures 94,000 Miscellaneous 306,815 Total Expenditures 9,070,034 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES (16,269) OTHER FINANCING SOURCES (USES): Operating transfers in (Schedule 3) 826,962 Operating transfers out (Schedule 3) (745,635) Total Other Financing Sources 81 ,327 EXCESS OF REVENUES AND OTHER SOURCES OVER EXPENDITURES AND OTHER USES 65,058 FUND BALANCE, January 1, 1978 585,046 Adjustments of prior periods (Note 3) 43,148 FUND BALANCE, January 1 , 1978 - as restated 628,194 FUND BALANCE, December 31, 1978 $ 693,252 The Notes to Financial Statements are an integral part of this exhibit. - 42 - COUNTY OF WELD Schedule 1 STATE OF COLORADO Page 1 GENERAL FUND Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes $ 5,094,567 $ 5,100,125 $ (5,558) Specific ownership taxes 452,630 330,000 12.2,630 Penalties and interest on delinquent taxes 9,777 7,000 2,777 Total Taxes 5,556,974 5,437,125 119,849 LICENSES AND PERMITS: Business licenses - liquor 6,723 , 1,500 5,223 Security licenses 1,230 - 1,230 Building permits 123,887 95,000 28,887 Electrical permits 42,876 50,000 (7, 124) Planning commission permits 12,351 9,525 2,826 Total Licenses and Permits 187,067 156,025 31 ,042 INTERGOVERNMENTAL REVENUE: Planning 701 - state 2,861 17,000 (14,139) Grants applied - residential child care facility 7,526 10,000 (2,474) Grants applied - urban renewal 174,465 31,566 142,899 Grants applied - consumer affairs 22,978 42,106 (19,128) Payments in lieu of taxes 88,593 99,888 (11,295) Grants applied - House Bill #1041 28,258 30,263 (2,005) Grants applied - House Bill #1041 - supplemental 21,330 25,000 (3,670) Cigarette tax 63,643 73,485 (9,842) Communications maintenance - cities and towns 3,420 6,480 (3,060) Building inspections - cities and towns 26,325 8,700 17,625 Grants applied - federal urban renewal 48,350 - 48,350 Grants applied - intake classification 3,442 - 3,442 Grants applied - detoxification test unit 8,419 - 8,419 Grants applied - forensic photo lab 27,043 - 27,043 Grants applied - ambulance and cardiac monitor 19,000 - 19,000 Milk reimbursements - residential child care facility 1,538 - 1 ,538 Milk reimbursements - youth shelter home 2,322 - 2,322 Total Intergovernmental Revenue 549,513 344,488 205,025 (Continued on next page) - 43 - COUNTY OF WELD Schedule 1 STATE OF COLORADO Page 2 GENERAL FUND Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable Actual Estimate (Unfavorable) CHARGES FOR SERVICES: Ambulance charges $ 205,335 $ 234,344 $ (29,009) Bond fees 250 - 250 Clerk and Recorder's fees 478,419 444,693 33,72.6 Fair 21 ,105 20,000 1, 105 Extension service 4,488 2,000 2,488 Other planning fees 3,395 1,300 2,095 Assessor's fees 20,071 - 20,071 Sheriff's fees 43,872 41 ,000 2,872 Treasurer's fees 211 ,688 150,000 61 ,688 Pierce ambulance charges 5,597 8,000 (2,403) Parking charges 7,884 7,200 684 Communications maintenance - 11 ,902 (11 ,902) Computer services 20,607 18,000 2,607 County Attorney - Social Services 45,378 39,580 5,798 Total Charges for Services 1 ,068,089 978,019 90,070 FINES AND FORFEITS: Library fines 2,171 2,500 (329) Total Fines and Forfeits 2,171 2,500 (329) MISCELLANEOUS REVENUE: IV D incentives 64,498 36,000 28,498 A-87 cost allocation 21 ,772 - 21 ,772 Boulder County - data processing 342,705 310,001 32,704 Weld County - data processing 196,689 320,097 (123,408) Veterans officer 650 600 50 State share - District Attorney salaries 23,200 24, 150 (950) Mimeograph sales 88,321 65,000 23,321 Welfare fraud recoveries 16,706 25,000 (8,294) Earnings on investments 640,932 400,000 240,932 Rents 1,292 2,000 (708) Royalties 139,000 75,000 64,000 Miscellaneous 51 ,770 - 51 ,770 Residential child care facility - Social Services 48,320 98,400 (50,080) Youth shelter home - Social Services 33,579 35,000 (1,421 ) (Continued on next page) - 44 - COUNTY OF WELD Schedule 1 STATE OF COLORADO Page 3 GENERAL FUND Schedule of Revenues Compared with Estimate Year Ended December 31, 1978 Variance Favorable Actual Estimate (Unfavorable) MISCELLANEOUS REVENUE - Continued: Advertising $ 5,134 $ 6,000 $ (866) Rent - exhibition building 3,755 2,000 1,755 Farm income 3, 389 4,350 (961 ) Parking deposits 337 - 337 Sheriff work release 2,645 - 2,645 Workmen's compensation refunds 5,257 - 5,257 Total Miscellaneous Revenue 1 ,689,951 1 ,403,598 286,353 TOTAL REVENUES $ 9,053,765 $ 8,321 ,755 $ 732,010 The Notes to Financial Statements are an integral part of this schedule. - 45 - COUNTY OF WELD Schedule 2 STATE OF COLORADO Page 1 GENERAL FUND Schedule of Expenditures Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual . Budget (Unfavorable) GENERAL GOVERNMENT: Commissioners - office of the board $ 191 ,268 $ 193,929 $ 2,661 County Attorney 277,648 375,971 98,323 Public Trustee 497 500 3 Planning and zoning 183,027 212,650 29,623 Planning House Bill #1041 28,214 36,040 7,826 Planning House Bill #1041 - supplemental 31 ,330 35,000 3,670 Accounting 167,084 178,741 11,657 Clerk and Recorder 554,803 610, 191 55,388 Elections 175,267 194,415 19, 148 County Treasurer 182,279 197,538 15,259 County Assessor 406,291 424,554 18,263 County Council 12,137 16,762 4,625 Personnel 74,389 74,600 211 Buildings and grounds 682,681 682,986 305 Central data processing 177,697 299,689 121 ,992 Computer services 689,785 690,668 883 County wide communications 174,993 178,462 3,469 Communications 189, 167 190,018 851 Purchasing 34,307 34,649 342 Total General Government 4,232,864 4,627,363 394,499 JUDICIAL: District Attorney 348,509 366,821 18,312 Total Judicial 348,509 366,821 18,312 PUBLIC SAFETY: Jail 861 ,760 862,573 813 County Sheriff 1,088,850 1,131,821 42,971 County Sheriff - Ft. Lupton 401 ,251 402,092 841 Blood alcohol 7,046 7,132 86 County Coroner 36,256 36,257 1 Building inspection 156,286 156,685 399 Total Public Safety 2,551 ,449 2,596,560 45,111 (Continued on next page) - 46 - COUNTY OF WELD Schedule 2 STATE OF COLORADO Page 2 GENERAL FUND . Schedule of Expenditures Compared with Budget Year Ended December 31, 1978 Variance Favorable Actual Budget (Unfavorable) HEALTH AND HOSPITALS: Weld Mental Health - county contribution $ 75,000 $ 75,000 $ - Ambulance service 316,061 320,727 4,666 Pierce ambulance service 5,469 5,802 333 Predatory animal control 14,570 14,570 - County wide animal control 24,265 24,265 - Pest and weed control 84,056 90,284 6,228 Pest inspector - 146 146 Sanitation - land fills 4,486 5,000 514 Total Health and Hospitals 523,907 535,794 11 ,887 AUXILIARY SERVICES: Extension service 102,229 113,374 11 ,145 County fair 44,493 45,200 707 Exhibition building 41 ,552 42,498 946 Northern Colorado Research Center 3,000 3,000 - West Greeley soil conservation 8,749 9,069 320 Library 224,061 224,686 625 Veteran's office 25, 176 27,366 2,190 Missile park 5,335 10,576 5,241 Urban renewal 237,452 246,487 9,035 Residential child care facility 93,655 101,400 7,745 Consumer affairs 60,453 60,659 206 Juvenile investigation 16,697 18,291 1,594 Welfare fraud investigation 18,213 19,044 831 Youth shelter home 70,845 72,500 1,655 Intake classification 3,825 12,244 8,419 Youth service bureau 49,972 58,262 8,290 Volunteer resource bureau 6,783 12,368 5,585 Total Auxiliary Services 1 ,012,490 1 ,077,024 _ 64,534 INTERGOVERNMENTAL EXPENDITURE: Larimer-Weld COG 82,500 82,500 - Weld County Municipal Airport 11,500 11 ,500 - Total Intergovernmental Expenditures 94,000 94,000 - (Continued on next page) - 47 -- COUNTY OF WELD Schedule 2 STATE OF COLORADO Page 3 GENERAL FUND Schedule of Expenditures Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual Budget (Unfavorable) MISCELLANEOUS: Printing and supplies $ 111 , 134 $ 111,299 $ 165 Non-departmental 195,681 228,580 32,899 Total Miscellaneous 306,815 339,879 33,064 TOTAL EXPENDITURES $ 9,070,034 $ 9,637,441 $ 567,407 The Notes to Financial Statements are an integral part of this schedule. - 48 - COUNTY OF WELD Schedule 3 STATE OF COLORADO GENERAL FUND Schedule' of Operating Transfers In Compared with Estimate Year Ended December 31, 1978 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS IN: Federal Revenue Sharing Fund $ 731 ,474 $ 731,474 $ - Contingent Fund 87,987 87,987 - Antirecession Fiscal Assistance Fund 7,501 7,501 - TOTAL OPERATING TRANSFERS IN $ 826,962 $ 826,962 $ - Schedule of Operating Transfers Out Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual Budget (Unfavorable) OPERATING TRANSFERS OUT: Public Health Fund $ 609,094 $ 609,094 $ - Intragovernmental Agency Fund 101 ,771 102,920 1,149 Weld County Retirement Fund 34,770 34,770 - TOTAL OPERATING TRANSFERS OUT $ 745,635 $ 746,784 $ 1,149 The Notes to Financial Statements are an integral part of this schedule. - 49 - SPECIAL REVENUE FUNDS Special Revenue Funds are established to account for taxes or other earmarked revenues of the County which finance specified activities as required by law or administrative action. - 50 - 0 01 U!� E G'Is N N 0.- n J 41 1'1 001 N CON O M I—i y C 7 u1./1 NJ en 10 50 N Nn 0 N Mil.0 O♦.J Cs 0 N N T 0.•1 401 00 1 !!! 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I m -' u Ll�1U W " I C - = C v N Z W v }I M H 1 .,1 > 0,1 ,q 1 1 O� . 1 1 1 N n� 00 0.1 I I I C $I b A V°a O ? arWu J —I C o v 0. I I I r th d m v_I I I s; NI 11 S �► �_ e Z 225.-97.'w .pI C• ,....1 ' . n V d L41 • C 6>iLWL V '� NJ ' N 1 as e '^ u...0 •-• N r I I .- 0 I 1 V1 u`0I ..G. 1 I n I 17 I I 1 0 01 I 01 • y r 12 I M� Tm I a i. N I n1 ..nI I0 I CI TI N 11 a I? Al N I I,I NI 0 c 7 9 yi N M h n O� R O0 C y 4 VC.S N I ''..9. O n 4. 3 ON Iw —• m •- G N d ,20 N ,N I N N N `�I --' 'aI • 0 u L ! aO y C 7 U L 01 J 0.VIC O C_ L L G a .t2 I1 0 y W /� ..0 N O Y In-+ w L Sr 'L,., � > y 0 m v �.4 w... " a X 2 x pL L C C O. W Z C C J v LI O 7 y N N > '� O 4, L M CO Y 0. LJ 1' C]In I S W H CE L JC a N-;! 5,—.1 . g5 O L y 2 IIC�JJ p 1. 0 4) V7 20 k .V U- h N y> VS V r C u Z pp r)4 C N W O G 1.400O20,0c9)... c L 0 ._.. 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I ±GCa f - - V)n _ ° \| k \ ' • -r..- $ ~ . �0\ \ I . �/ GIs / . j��\� VI ~ \ \ _ | 0 - § �_ \\ 41/ - /{ 43 O/ �, • . \j <�} ral�4. \ @ .k! @ ' $0 ■ %p 2 f4; §a §k - 54 - COUNTY OF WELD Schedule 1 STATE OF COLORADO SPECIAL REVENUE FUNDS ROAD AND BRIDGE FUND Schedule of Revenues Compared with Estimate Year Ended December 31, 1978 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes $ 2,995,559 $ 3,002,884 $ (7,325) Specific ownership taxes 270,047 231,940 38, 107 Penalties and interest on delinquent taxes 5,635 - 5635 , Total Taxes . 3,271 ,241 3,234,82.4 36,417 INTERGOVERNMENTAL REVENUE: Matching funds - snow and gravel - 2,000 (2,000) Mineral leasing act 24,091 35,000 (10,909) Highway users tax 1,808,779 1,593,350 215,429 Motor vehicle registration fees 162,239 152,000 10,239 Grant - delineator posts 17,734 - 17,734 Section 219 - cities and towns A - 220,000 (220,000) Total Intergovernmental. Revenue 2,012,843 2,002,350 10,493 MISCELLANEOUS REVENUE: Materials and maintenance - other 13,810 - 13,810 Moving permits 142,512 100,000 42,512 Miscellaneous 17,768 1,500 16,2.68 Rent 1,320 1,000 320 Materials and services, county shops 475 100 375 Refund of expenditures - 1,000 (1 ,000) Total Miscellaneous Revenue 175,885 103,60(} _ 72,285 TOTAL REVENUES $ 5,459,969 $ 5,340,774 $ 119, 195 The Notes to Financial Statements are an integral part of this schedule. - 55 - COUNTY OF WELD Schedule 2 STATE OF COLORADO SPECIAL REVENUE FUNDS ROAD AND BRIDGE FUND Schedule of Expenditures Compared with Budget Year Ended December 31, 1978 Variance Favorable Actual Budget (Unfavorable) COUNTY ROADS AND HIGHWAYS: Engineering and administration $ 439,767 $ 479,145 $ 39, 378 Capital outlay 102,857 142,120 39,263 Traffic group 211 ,197 255,025 43,828 Grader group 1,077,326 1,077,364 38 Construction group 580,76? 582,616 1 ,854 Municipalities 518,985 535,437 16,452 Easements and rights of way 10,504 10,504 - Bridge and culvert group 693,764 807,110 113, 346 Paving group 1,390,823 1,893,079 502,256 Gravel and quarry group 467,307 467,327 20 Total County Roads and Highways 5,493,292 6,249,727 756435 , TOTAL EXPENDITURES $ 5,493,292 $ 6,249,727 $ 756,435 The Notes to Financial Statements are an integral part of this schedule. • - 56 - COUNTY OF WELD Schedule 3 STATE OF COLORADO SPECIAL REVENUE FUNDS ROAD AND BRIDGE FUND Schedule of Operating Transfers Out Compared with Budget Year Ended December 31, 1978 Variance Favorable OPERATING TRANSFERS OUT: Actual Budget (Unfavorable) Intragovernmentai Agency Fund $ 82,750 .$ 100,000 $ 17,250 TOTAL OPERATING TRANSFERS OUT $ 82,750 $ 100,000 $ 17,?50 The Notes to Financial Statements are an integral part of this schedule. - 57 - COUNTY OF WELD Schedule 4 STATE OF COLORADO SPECIAL REVENUE FUNDS SOCIAL SERVICES FUND Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable Actual. Estimate (Unfavorable) TAXES: — — General property taxes $ 1 ,288,864 $ 1 ,286,341 S 2,523 Specific ownership taxes 115,854 84,000 31,854 Penalties and interest on delinquent taxes 2,420 - 2,4".`0 Total Taxes 1 ,407,138 1,370,341 36,797 INTERGOVERNMENTAL REVENUE: Administration 1 ,256,079 1,400,976 (144,897) Aid to the blind 8,380 9,600 (1,220) Aid to dependent children 2,823,473 2,924,000 (100,52.7) Aid to needy disabled 311 ,286 32.3,2.00 (11,914) Medicaid transportation 6,578 3,500 3,078 Indo-Chinese refugee act 2,325 2,323 2 Child welfare 391 ,005 348,837 42, 1618 Day care 301 ,119 280,000 21 , 119 Service payments 4,218 8,800 (4,58?) Administration - IV D - federal child support 84,129 69,720 14,409 Old age pension 777,787 848,000 (70,213) Total Intergovernmental Revenue 5,966,379 6,218,956 (252,577) TOTAL REVENUES $ 7, 373,517 $ 7,589,297 $(215,780) The Notes to Financial Statements are an integral part of this schedule. - 58 - COUNTY OF WELD Schedule 5 STATE OF COLORADO SPECIAL REVENUE FUNDS SOCIAL SERVICES FUND Schedule of Expenditures Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual Budget (Unfavorable) PUBLIC WELFARE: Administration $ 1 ,662,676 $ 1,738,907 $ 76,231 Aid to the blind 10,475 12,000 1 ,525 Aid to dependent children 3,439,422 3,651,900 212,47' Aid to needy disabled 389,108 404,000 14,N9,` Medicaid transportation 6,578 6,579 1 General assistance 65,656 83,206 17,550 Indo-Chinese refugee act 2,323 3,000 677 Child welfare 481 ,172 483,505 2,.i ) Day care 373,206 373,206 - Service payments 5,446 11,000 5,554 Administration - IV D - federal child support 109,858 109,953 95 Old age pension 777,787 848,000 70,:.13 Total Public Welfare 7,323,707 7,72.5,256 401,549 TOTAL EXPENDITURES $ 7,323,707 $ 7,725,256 $ 401,549 The Notes to Financial Statements are an integral part of this schedule. - 59 - COUNTY OF WELD Schedule 6 STATE OF COLORADO SPECIAL REVENUE FUNDS SOCIAL SERVICES FUND Schedule of Operating Transfers In Compared with Estimate Year Ended December 31 , 1978 Variance Favorable OPERATING TRANSFERS IN: Actual _ Estimate (Unfavorable) General Fund $ $ 28,000 $ (28,000) Federal Revenue Sharing Fund 400,000 400,000 - TOTAL OPERATING TRANSFERS IN $ 400,000 $ 428,000 $ (28,000) The Notes to Financial Statements are an integral part of this schedule. - 60 - COUNTY OF WELD Schedule 7 STATE OF COLORADO SPECIAL REVENUE FUNDS FEDERAL REVENUE SHARING FUND Schedule of Revenues Compared with Estimate Year Ended December 31, 1978 Variance Favorable INTERGOVERNMENTAL REVENUE: Actual Estimate (Unfavorable) Federal entitlements $ 1 ,518,972 $ 1,478,224 $ 40,748 Total Intergovernmental Revenue 1,518,972 1,478,224 _ 40,748 MISCELLANEOUS REVENUE: _` Earnings on investments • E47,300 37,000 10,300 Total Miscellaneous Revenue -- 47,300 37,000; 10,300 TOTAL REVENUES $ 1,566,272 $ 1,515,224 $ 51 ,048 Schedule of Expenditures Compared with Budget Year Ended December 31, 1978 Variance Favorable INTERGOVERNMENTAL EXPENDITURES: Actual Budget (Unfavorable) Child abuse $ 10,000 $ 10,000 $ Ft. Lupton Animal Shelter - 9,800 9,800 Total Intergovernmental Expenditures 10,000 _ 19,800 9,800 TOTAL EXPENDITURES $ 10,000 $ 19,800 $ 9,800 The Notes to Financial Statements are an integral part of this schedule. - 61 - COUNTY OF WELD Schedule 8 STATE OF COLORADO SPECIAL REVENUE FUNDS FEDERAL REVENUE SHARING FUND Schedule of Operating Transfers Out Compared with Budget Year Ended December 31, 1978 Variance Favorable OPERATING TRANSFERS OUT: �. Actual Budget (Unfavorable) General Fund $ 731,474 $ 731 ,474 $ Social Services Fund 400,000 400,000 - Library Expansion Fund 165,569 165,569 Public Works Fund - County - Services Building 199,461 580,000 ti 380,539 TOTAL OPERATING TRANSFERS OUT $ 1 ,496,504 $ 1,877,043 $ 380,539 The Notes to Financial Statements are an integral part of this schedule. - 62 - COUNTY OF WELD Schedule 9 STATE OF COLORADO SPECIAL REVENUE FUNDS CONSERVATION TRUST FUND Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable INTERGOVERNMENTAL REVENUE: Actual Estimate (Unfavorable) Allocation from State of Colorado $ 10,096 $ 10,000 $ 96 Total Intergovernmental Revenue 10,096 10,000 96 TOTAL REVENUES $ 10,096 $ 10,000 $ 96 Schedule of Expenditures Compared with Budget Year Ended December 31, 1978 Variance Favorable CAPITAL OUTLAY - LAND AND BUILDINGS: Actual Budget (Unfavorable) Capital outlay $ 240 $ 6,000 $ 5,760 Total Capital Outlay - Land and Buildings 240 6,000 5,760 INTERGOVERNMENTAL EXPENDITURES: Grants-in-aid to cities and towns 17,761 33,714 15,953 Total Intergovernmental Expenditures 17,761 33,714 15,953 TOTAL EXPENDITURES $ 18,001 $ 39,714 $ 21,713 The Notes to Financial Statements are an integral part of this schedule. - 63 - COUNTY OF WELD Schedule 1( STATE OF COLORADO SPECIAL REVENUE FUNDS CONTINGENT FUND Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 V a r i.a nc.:- F avorab to Actual Estimate (Unfavorable: TAXES: Specific ownership taxes $ 263 $ - $ 263 Total Taxes 263 - ` TOTAL REVENUES $ 263 $ - $ _...?6.j Schedule of Operating Transfers Out Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual. 8udcget (Unfavorable) OPERATING TRANSFERS OUT: - - General Fund $ 87,987 $ 476,874 $ 388,887 TOTAL OPERATING TRANSFERS OUT $ 87,987 $ 476,874 $ 388,887 The Notes to Financial Statements are an integral part of this schedule. - 64 - COUNTY OF WELD Schedule 11 STATE OF COLORADO SPECIAL REVENUE FUNDS ANTIRECESSION FISCAL ASSISTANCE FUND Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: Federal entitlement $ 7,501 $ $ 7,501 Total Intergovernmental Revenue 7,501 _ 7,SO1 TOTAL REVENUES $ 7,501 $ - $ 7,501 Schedule of Operating Transfers Out Compared with Budget Year Ended December 31 , 1978 Variance Favorable OPERATING TRANSFERS OUT: Actual Budget (Unfavorable) General Fund $ 7,501 $ 7,501 $ TOTAL OPERATING TRANSFERS OUT $ 7,501 $ 7,501 $ - The Notes to Financial Statements are an integral part of this schedule. - 65 - COUNTY OF W€_LD Schedule 12 STATE OF COLORADO Page 1 SPECIAL REVENUE FUNDS PUBLIC HEALTH FUND Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: Federal $ 82,609 $ 123,589 $ (40,980) Medicare A 138, 104 108,371 29,733 Medicare B 60,964 42,702 18,262 Medicare cost adjustment - current year 40,447 - 40,447 Medicare cost adjustment - prior year. (12,572) (12,572) Medicaid 19,940 8,316 11,624 Medicaid cost adjustment - current year 5,820 - 5,820 Medicaid cost adjustment - prior year (1 ,471) - (1 ,47! ) State per capita contract 101 ,582 97,951 3,631 Regional 16,609 17,286 (677) Northeast Regional Health Department 5,959 4,499 1,460 State - computer services 1,981 1,660 321 State - hospital detoxification 3,403 5,000 (1,597) State - other 441,519 363, 154 78, 365 Larimer County 8,000 8,000 Morgan County 490 - 490 Total Intergovernmental Revenue 913,384 780,528 132,856 • CHARGES FOR SERVICES: United Way 7,500 7,500 - Hypertension screening 1,000 1,000 Patient fees 12.4,908 174,051 (49, 143) Salary reimbursement 15, 120 16,0139 (969) Certified copies 7, 180 5,800 1 ,380 Septic tank permits 22,564 20,000 2,564 Meat inspections 11,220 10,000 1920 Microfilming 6,100 5,000 1 , 100 Vaccine 4,069 4,046 23 Medical supplies 4,966 5,574 (608) Headstart physicals - 320 (320) Medical exams 4, 321 2,575 1,746 Memorial Hospital — 1 ,200 _ - 1,200 Total Charges for Services 210,148 251,955 (41 ,807) (Continued on next page) - 66 - COUNTY OF WELD Schedule 12 STATE OF COLORADO Page 2 SPECIAL REVENUE FUNDS PUBLIC HEALTH FUND Schedule of Revenues Compared with Estimate - Continued Year Ended December 31 , 1978 Variance Favorable MISCELLANEOUS REVENUE: Actual Estimate (Unfavorable) Memorials $ 216 $ In-kind contributions $ 216 13,987 14,000 (13j Miscellaneous 887 45 842 Total Miscellaneous Revenue 15,090 14,045 1,045 TOTAL REVENUES $ 1 , 138,622 $ 1,046,528 --- ___-- -- S 92,094 The Notes to Financial Statements are an integral part of this schedule. -- 67 - COUNTY Of WELD Schedule 13 STATE OF COLORADO Page 1 SPECIAL REVENUE FUNDS PUBLIC HEALTH FUND Schedule of Expenditures Compared with Budget Year Ended December 31 , 1978 Variance Favorable HEALTH AND HOSPITALS: Actual Budget (Unfavorable} Health officer $ 32,948 $ 33,023 Health education $ 75 Business/personnel management 122,312 8 18,013 32 40 Meat inspections , 122,383 15 Laboratory 11,368 11, 383 15 44,326 56,577 In-home health care 12,251 1T,5 Free service - United Way - 1 7,500 - 500 Hypertension screening 7, 8 7+689 Counseling - alcohol 7, 194 7,883 689 93,766 93,808 42 Alcohol detoxification center 168, 110 168,336 226 Central intake system 3,734 3,833 99 Halfway house 34,900 34,996 Vital statistics96 TB control 13,043 14,765 1,722 Venereal disease 20, 172 20,643 471 International certificate 23,830 2 79 1 1,833 1,843 1 ,454 ,754 Other communicable diseases 37,527 46,741 9,214 E.P.S.D.T. 19,056 2.3, 176 4,120 Family planning 81,484 87,340 5,856 Supplemental foods 5,702 5,796 Maternity94 33,459 41,683 8,224 Child health maintenance ,0 Handicapped children's clinics 11,082 119 11 ,930 10,848 School health services ,930 848 East Side Health Center 1,804 5,834 4,030 Adult health maintenance 19,508 21,973 2,465 18, 151 39,412 21 ,2h1 Well Oldster 45, 316 49,212 3,896 Homemaker aide program 155,642 188,249 32,607 Title XX homemaker aide program 117,806 141,818 24,012 Home health care 172,728 173,191 463 Physical therapy 25,715 27,628 1,913 Speech therapy 2,356 2,356 Occupational therapy 21,958 Home health aides 22, 139 181 54,947 55,431 484 General health - nursing 148,195 148,250 55 Mental health and mental retardation 4 672 Air quality control - enforcement ' 4,672 - Solid waste disposal 15,250 2,995 3,091 13,0291 40 6 Food service sanitation 90 26,615 26,705 90 Radiological hazard control 2,538 Occupational hazard control 649 3,865 61,205 6,854 6,205 (Continued on next page) - 68 - COUNTY OF WELD Schedule 13 STATE OF COLORADO Page 2 SPECIAL REVENUE FUNDS PUBLIC HEALTH FUND Schedule of Expenditures Compared with Budget - Continued Year Ended December 31, 1978 Variance Favorable Actual Budget (Unfavorable) HEALTH AND HOSPITALS - Continued: Milk sanitation $ 35,317 $ 38,021 $ 2,704 Sewage disposal - public 25,213 25,288 75 Water quality control 1, 180 2,984 1,804 Potable water supply 21,381 21,460 79 Institutional sanitation and regulations 501 881 380 Environmental planning 28,365 28,439 74 Noise control 585 585 Rabies control 5,487 5,760 273 School sanitation and safety 1 ,127 2,635 1,508 Child care facilities 1,248 1,248 - Recreational facilities 2,034 3,548 1,514 Drugs/hazardous material 2,055 2,055 - Rodent and insect control 1,009 1,533 524 Regional waste water 22,745 24,990 2,245 Refund of unexpended Well Oldster grant revenues 7,522 10,241 2,719 TO1AL EXPENDITURES $ 1,843,584 $ 2,026,185 $ 182,601 The Notes to Financial statements are an integral part of this schedule. - 69 - COUNTY OF WELD Schedule 14 STATE OF COLORADO ---SPECIAL REVENUE FUNDS PUBLIC HEALTH FUND Schedule of Operating Transfers In Compared with Estimate Year Ended December 31, 1978 Variance Favorable OPERATING TRANSFERS IN: Actual. Estimate (Unfavorable) General Fund $ 609,094 $ 608,844 $ 750 TOTAL OPERATING TRANSFERS IN $ 609,094 $ 608,844 250 The Notes to Financial Statements are an integral part of this schedule. _ 70 _ COUNTY OF WELD Schedule 15 STATE OF COLORADO SPECIAL REVENUE FUNDS HUMAN RESOURCES FUND Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable INTERGOVERNMENTAL REVENUE Actual Estimate (Unfavorable) Grants applied - CETA $ 1 ,672, 357 $ 1,851 ,692 $(179,335) Grants applied - CSA 154,599 369,985 (215,386) Grants applied - HEW 327,863 328,850 (987) Grants applied - COHR 74,470 134,956 (60,486) Grants applied - CDSS 120,003 108,288 11,715 Total Intergovernmental Revenue 2,349,292 2,793,771 (444,479) MISCELLANEOUS REVENUE: Non-federal in-kind contributions 378,573 153,458 22.5,!15 Program income 27, 371 - 27, 371 Other income 59,712 —.. 59,712 Total Miscellaneous Revenue 465,656 153,458 312, 198 TOTAL REVENUES $ 2,814,948 $ 2,947,229 $(132,281 ) The Notes to Financial. Statements are an integral part of this schedule. - 71 - COUNTY OF WELD Schedule 16 STATE OF COLORADO SPECIAL REVENUE FUNDS HUMAN RESOURCES FUND Schedule of E penditures Compared with Budget Year Ended December 31, 1978 Variance Favorable AUXILIARY SERVICES: Actual Budget (Unfavorable) CETA grants $ 1 ,687,?_19 CSA grants $ 1,741,692 $ 54,473 HEW grants 337,069 414,560 77,491 COHR grants 415,352 416,836 1,484 111,307 ' CDSS grants 134,956 23,649 USDA 210,484 214,185 3,701 HRD transportation 21, 169 25,000 831 TOTAL EXPENDITURES $ 2,782,600 $ 2,947,229 $ 164,629 The Notes to Financial Statements are an integral part of this schedule. • - 72 - COUNTY OF WELD Schedule 17 STATE OF COLORADO SPECIAL REVENUE FUNDS COMMUNITY DEVELOPMENT FUND Schedule of Revenues Compared with Estimate Year Ended December 31, 1978 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: Urban renewal $ 189,300 $ 13,966 $ 175,334 Total Intergovernmental Revenue 189,300 13,966 175,334 TOTAL REVENUES $ 189,300 $ 13,966 $ 175,334 Schedule of Expenditures Compared with Budget Year Ended December. 31 , 1978 Variance Favorable Actual Budget (Unfavorable) AUXILIARY SERVICES: Urban renewal $ 189,300 $ 201,160 $ 11,86{) Total Auxiliary Services 189,300 201,160 11,860 TOTAL EXPENDITURES $ 189, 300 $ 201 ,160 $ 11 ,860 The Notes to Financial Statements are an integral part of this schedule. 73 - COUNTY OF WELD Schedule 18 STATE OF COLORADO SPECIAL REVENUE FUNDS SUBDIVISION PARK SITE FUND Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable Actual Estimate (Unfavorable) MISCELLANEOUS REVENUE: Park fees $ 11 ,882 S 2,500 S 9,382 Total Miscellaneous Revenue 11 ,882 2,500 9,382 TOTAL REVENUES $ 11,882 $ 2,500 $ 9,382 Schedule of Expenditures Compared with Budget Year Ended December 31, 1978 Variance Favorable Actual Budget (Unfavorable) CAPITAL OUTLAY - LAND AND BUILDINGS: Capital outlay - land $ - $ 15,000 $ 15,000 Total Capital Outlay - Land and Buildings - 15,000 15,000 TOTAL EXPENDITURES $ - $ 15,000 $ 15,000 The Notes to Financial Statements are an integral part of this schedule. - 74 - 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. - 75 - COUNTY OF WELD EXHIBIT D-1 STATE OF COLORADO CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET December 31, 1978 Public Works Weld County Public Works Fund - General Library Fund - County Hospital Expansion County Services Memorandum Captial Fund Fund Buildings Building Total ASSETS Cash with treasurer $ 2,957,165 $ 254,404 $ 79,307 $ 3,532 $ 3,294,408 Delinquent taxes receivable, net 1,789 62 - 1,789 3,640 Due from other county funds - - - 19,461 19,461 TOTAL ASSETS $ 2,958,954 S 254,466 $ 79,307 $ 24,782 $ 3,317,509 LIABILITIES AND FUND BALANCE LIABILITIES: Accounts payable $ 71,458 $ 6,206 $ 64 $ 22,993 $ 100,721 Contracts payable - 78,141 - - 78,141 Due to other county funds - 601 - - 601 Deferred revenue 1,789 6? - 1,789 3,640 Total Liabilities 73,247 85,010 64 24,782 183,103 FUND BALANCE (Deficit): Unreserved: Designated for subsequent years' expenditures 1,737,434 - 90,010 - 1,827.444 Undesignated 1,148,273 169,456 (10,767) - 1,306,962 Total Fund Balance 2,885,707 169,456 79,243 - 3,134,406 TOTAL LIABILITIES AND FUND BALANCE $ 2,958,954 S 254,466 $ 79,307 $ 24,782 $ 3,317,509 The Notes to Financial Statements are an integral part of this exhibit. - 76 - COUNTY OF WELD EXHIBIT 0-2 STATE OF COLORADO CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANCES IN FUND BALANCE Year Ended December 31, 1978 Public Works Public Works Fund - Weld County Library Fund - County General Expansion County Services Hospital Fund Buildings Building Capital Fund (Schedules (Schedules (Schedules Memorandum (Schedule 1) 2 and 3) 4 and 5) 6 and 7) Total REVENUES: --' �'— Taxes $ 1,284,623 $ 31,645 $ 231 $ 5,718 $ 1,322,217 Miscellaneous revenue 134,902 4,129 - 6 757 145,788 Total. Revenues 1,419,525 35,774 231 12,475 1,468,005 EXPENDITURES: • Capital outlay - land and buildings 261,663 327,333 56,616 707,422 1,353,034 Total Expenditures 261,663 327,333 56,616 707,422 1,353,034 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 1,157,86? (291 559) (56,385) (694,947) 114,971 OTHER FINANCING SOURCES (USES): Operating transfers in - 372,821 - 199,461 572,282 Operating transfers out - - (207,252) - (207,252) Total Other Financing Sources (Uses) - 372,821 (207 252) 199,461 365,030 EXCESS (DEFICIENCY) OF REVENUES AND OTHER SOURCES OVER EXPENDITURES AND OTHER USES 1,157,862 81,26? (263,637) (495,486) 480,001 FUND BALANCE, January 1, 1978 1,727,845 88,194 _ 342,880 495,486 2,654,405 FUND BALANCE, December 31, 1976 $ 2,885,707 $ 169,456 $ 79,243 $ - $ 3,134,406 The Notes to Financial Statements are an integral part of this exhibit. - 77 - COUNTY OF WELD Schedule 1 STATE OF COLORADO CAPITAL PR03ECTS FUNDS WELD COUNTY GENERAL HOSPITAL CAPITAL FUND Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes $ 1 ,176, 12.2 $ 1 ,178,285 $ (2,163) Specific ownership taxes 106,288 97,600 8,688 Penalties and interest on delinquent taxes 2,213 - 2_,213 Total Taxes 1 ,284,623 1,275,885 8,738 MISCELLANEOUS REVENUE: Earnings on investments 134,902 80,000 54,902 • Total Miscellaneous Revenue 134,902 80,000 54,902 TOTAL REVENUES $ 1 ,419,525 $ 1 ,355,885 $ 63,640 Schedule of Expenditures Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual Budget (Unfavorable) CAPITAL OUTLAY - LAND AND BUILDINGS: Building acquisitions $ 30,821 $ 1,745,500 $ 1,714,679 Equipment 230,842 240,000 9,158 Total Capital Outlay - Land and Buildings 261 ,663 1 ,985,500 1 ,723,837 TOTAL EXPENDITURES $ 261 ,663 $ 1,985,500 $ 1 ,723,837 The Notes to Financial. Statements are an integral part of this schedule. - 78 - COUNTY OF WELD Schedule 2 STATE OF COLORADO CAPITAL PROJECTS FUNDS LIBRARY EXPANSION FUND Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes $ 28,964 $ 30, 180 $ (1 ,216) Specific ownership taxes 2,627 2,452 17; Penalties and interest on delinquent taxes 54 - 54 Total Taxes _ 31 ,645 32,632 (987) MISCELLANEOUS REVENUE: Earnings on investments 4, 129 5,200 (1,071) Total. Miscellaneous Revenue 4, 129 5,200 (1 ,017) TOTAL REVENUES $ 35,774 $ 37,832 $ (2,058) Schedule of Expenditures Compared with Budget Year Ended December 31 , 1978 Variance Favorable _ Actual Budget (Unfavorable) CAPITAL OUTLAY - LAND AND BUILDINGS: Building acquisitions $ 327,333 $ 510,000 $ 182,667 Total Capital Outlay - 327,333 510,000 182,667 Land and Buildings TOTAL EXPENDITURES $ 327,333 $ 510,000 $ 182,667 The Notes to Financial Statements are an integral part of this schedule. - 79 - COUNTY OF WELD Schedule 3 STATE OF COLORADO CAPITAL PROJECTS FUNDS LIBRARY EXPANSION FUND Schedule of Operating Transfers In Compared with Estimate Year Ended December 31 , 1978 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS IN: Federal Revenue Sharing Fund $ 165,569 $ 165,569 $ - Public Works Fund - County Buildings 207,252 207,252 TOTAL OPERATING TRANSFERS IN $ 372,821 $ 372,821 $ - The Notes to Financial Statements are an integral part of this schedule. - 8t) - COUNTY OF WELD Schedule 4 STATE OF COLORADO CAPITAL PROJECTS FUNDS PUBLIC WORKS FUND - COUNTY BUILDINGS Schedule of Revenues Compared with Estimate Year Ended December 31, 1978 Variance Favorable Actual Estimate (Unfavorable) TAXES: --- General property taxes S 231 $ - $ 231 Total saxes 231 - 231 TOTAL REVENUES $ 231 $ - $ 231 Schedule of Expenditures Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual Budget (Unfavorable) CAPITAL OUTLAY - LAND AND BUILDINGS: Building improvements $ 31,469 $ 34,500 $ 3,031 Land improvements 25, 147 65,000 39,853 Total Capital Outlay - Land and Buildings _�--56,616 99,500 42,884 TOTAL EXPENDITURES $ 56,616 S 99,500 $ 42,884 The Notes to Financial Statements are an integral part of this schedule. - 81 - COUNTY OF WELD Schedule 4 STATE OF COLORADO CAPITAL PROJECTS FUNDS PUBLIC WORKS FUND - COUNTY BUILDINGS Schedule of Revenues Compared with Estimate Year Ended December 31, 1978 Variance Favorable Actual Estimate (Unfavorable) TAXES: - - General property taxes $ 231 S - $ 231 Total Taxes 231 - 2.11 TOTAL REVENUES S 231 $ - $ 231 Schedule of Expenditures Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual Budget (Unfavorable) CAPITAL OUTLAY - LAND AND BUILDINGS: Building improvements $ 31 ,469 $ 34,500 $ 3,031 Land improvements 25,147 65,000 39,853 Total Capital Outlay - Land and Buildings 56,616 99,500 42,884 TOTAL EXPENDITURES $ 56,616 $ 99,500 $ 4?,884 The Notes to Financial. Statements are an integral part of this schedule. • - 81 COUNTY OF WELD Schedule 5 STATE OF COLORADO CAPITAL PROJECTS FUNDS PUBLIC WORKS FUND - COUNTY BUILDINGS Schedule of Operating Transfers Out Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual Budget (Unfavorable) OPERATING TRANSFERS OUT: Library Expansion Fund $ 207,252 $ 207,252 $ - TOTAL OPERATING TRANSFERS OUT $ 207,252 $ 207,252. $ - The Notes to Financial Statements are an integral part of this schedule. • - 82 - COUNTY OF WELD Schedule 6 STATE OF COLORADO CAPITAL PROJECTS FUNDS PUBLIC WORKS FUND - COUNTY SERVICES BUILDING Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable Actual Estimate (Unfavorable) TAXES: --- Specific ownership taxes $ 5,718 $ - $ 5,718 Total Taxes 5,718 - 5,718 MISCELLANEOUS REVENUE: Earnings on investments 6,757 6,757 Total Miscellaneous Revenue 6,757 - 6,757 TOTAL REVENUES $ 12_,475 $ - $ 12,475 Schedule of Expenditures Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual Budget (Unfavorable) CAPITAL OUTLAY - LAND AND BUILDINGS: Building acquisitions $ 707,422 $ 1 ,937,275 $ 1 ,229,853 Total Capital Outlay - Land and Buildings 707,422 1 ,937,275 1 ,229,853 TOTAL EXPENDITURES $ 707,422 $ 1 ,937,275 $ 1 ,229,853 The Notes to Financial Statements are an integral part of this schedule. - 83 - COUNTY OF WELD Schedule 7 STATE OF COLORADO — CAPITAL PROJECTS FUNDS PUBLIC WORKS FUND - COUNTY SERVICES BUILDING Schedule of Operating Transfers In Compared with Estimate Year Ended December 31, 1978 Variance Favorable OPERATING TRANSERS IN: Actual Estimate (Unfavorable) Federal Revenue Sharing Fund $ 199,461 $ 580,000 $ _(.380,5_39) TOTAL OPERATING TRANSFERS IN $ 199,461 $ 580,000 S (380,539) The Notes to Financial Statements are an integral part of this schedule. • - 84 - INTERNAL SERVICE FUNDS Internal Service Funds are established to account for goods and services provided to other departments of the County on a cost-reimbursement basis. - 85 - COUNTY OF WELD EXHIBIT E-1 STATE OF COLORADO INTERNAL SERVICE FUNDS INTRAGOVERNMENTAL AGENCY FUND BALANCE SHEET December 31, 1978 ASSETS CURRENT ASSETS: Cash with treasurer $ 1,356,959 Cash - other 50 Accounts receivable, net 197,095 Due from other county funds 567 Inventories, at lower of cost or market 223,58P Total Current Assets 1,778,254 FIXED ASSETS: Land 672,976 Land improvements 2.5,144 Buildings 393,06() Machinery and equipment 4, 115,206 5,206,386 Less: Allowance for accumulated depreciation 1 ,771 ,208 Total Fixed Assets 3,435,178 TOTAL ASSETS $ 5,213,432 LIABILITIES AND CAPITAL CURRENT LIABILITIES: Accounts payable $ 78,066 Accrued salaries payable 28,016 Accrued payroll taxes payable 6,875 Due to other county funds 368,279 Other current liabilities 1 ,380 Total Current Liabilities 482,616 CAPITAL: Contributed capital (EXHIBIT E-2) 4,322,830 Retained earnings (EXHIBIT E-3) 407,986 Total Capital 4,730,816 TOTAL LIABILITIES AND CAPITAL $ 5,2i3,432 The Notes to Financial Statements are an integral part of this exhibit. - 86 COUNTY OF WELD EXHIBIT F-2 STATE OF COLORADO INTERNAL SERVICE FUNDS INTRAGOVERNMENTAL AGENCY FUND STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL Year Ended December 31 , 1978 Contr4_buted Capital From Road and General Fund Bridge Fund Total CONTRIBUTED CAPITAL, January 1, 1978 S 470,580 $ 3,994,974 $ 4,465,554 Add: 1978 contributions 101 ,771 82,75( 184,521 Less: Residual equity transfers (Note 4) - (327,?.45) (32.7,245) CONTRIBUTED CAPITAL, December 31 , 1978 $ 572,351 $ 3,750,479 $ 4,322 830 The Notes to Financial Statements are an integral part oe this exhibit. - 87 - COUNTY OF WELD EXHIBIT E-3 STATE OF COLORADO INTERN•JAL SERVICE FUNDS INTRAGOVERNMENTAL AGENCY FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS Year Ended December 31 , 1978 OPERATING REVENUES: Billings to other funds - equipment rental $ 1 ,789,587 Farm income 25,300 Miscellaneous 10,045 Gain on disposition of fixed assets 8, 144 Total Operating Revenues 1,833,076 • OPERATING EXPENSES: Salaries and fringe benefits 385,294 Audit services 4,407 Operating supplies 17,8?4 Repairs and maintenance 12,431 Utilities 21 ,667 Miscellaneous 3,319 Parts and supplies 925,641 Depreciation 405,074 Total Operating Expenses 1 ,775,657 NET INCOME 57,419 RETAINED EARNINGS, January 1 , 1978 350,567 RETAINED EARNINGS, December 31, 1978 $ 407.986 The Notes to Financial Statements are an integral part of this exhibit. - 88 - COUNTY OF WELD EXHIBIT E-4 STATE OF COLORADO INTERNAL SERVICE FUNDS INTRAGOVERNMENTAL AGENCY FUND STATEMENT OF CHANCES TN FINANCIAL POSITION • Year Ended December. 31 , 1978 WORKING CAPITAL PROVIDED: Net income (EXHIBIT E-3) $ 57,419 Add: Expenses deducted which did not require ' outlay of working capital: Depreciation 405,074 Working capital provided from operations 462,493 Undepreciated cost of assets sold or abandoned 46,278 Total Working Capital Pr.ovi.ded, 508,771 WORKING CAPITAL APPLIED: Purchase of fixed assets 363,200 Residual equity transfers 327,745 Total Working Capital Applied 690,445 DECREASE IN WORKING CAPITAL $ (181,674) FINANCING AND INVESTING ACTIVITIES NOT AFFECTING WORKING CAPITAL: Fixed assets contributed by other county funds $ 184,521 CHANCES IN COMPONENTS OF WORKING CAPITAL: Increase (decrease) in current assets: Cash with treasurer $ 389,233 Cash - other 50 Accounts receivable 49,739 Due from other county funds (122,189) Inventories _ (323,843) Net increase (decrease) in nurr.ent assets (7,010) Increase (decrease) in current liabilities: Accounts payable (197,456) Accrued salaries payable 4,895 Accrued payroll taxes payable 1,466 Due to other county funds 368,279 Other current liabilities (2,520) Net increase in current liabilities 174,664 DLCREASE IN WORKING CAPITAL $ (181,674) The Notes to Financial Statements are an integral part of this exhibit. - 89 - COUNTY OF WELD Schedule 1 STATE OF COLORADO INTERNAL SERVICE FUNDS • 1NTRAGOVERNMENTAL AGENCY. FUND Schedule of Oper.atinRevennues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable Actual Estimate (Unfavorable) OPERATING REVENUES: Billings to other funds - equipment rental $ 1 ,789,587 $ 1 , 153,350 $ i36,?i7 Material sales - 1,244, 114 (1 ,244,114) Farm income 25,300 22,600 ?,700 Miscellaneous 10,045 - 10,045 Gain on disposition of fixed assets —T 8, 144 - 8, 144 TOTAL OPERATING REVENUES $ 1,83.3,076 $ 2,420,064 $ (586,988) Schedule of Operating Expenses Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual Budget (Unfavorable) OPERATING EXPENSES: --- Salaries and fringe benefits $ 385,294 $ 387,035 $ 1,741 Audit services 4,407 7,900 3,493 Operating supplies 17,824 17,900 76 Repairs and maintenance 12,431 15,300 2,869 Utilities 21,667 22,700 1,033 Miscellaneous 3,319 3,600 28! Parts and supplies 925,641 927,000 1, 359 Materials - 493,485 493,485 Depreciation 405,074 415,000 9,92.6 TOTAL OPERATING EXPENSES $ 1 ,775,657 $ 2,289,920 $ 514,263 The Notes to Financial Statements are an integral part of this schedule. 90 - COUNTY OF WELD Schedule 2 STATE OF COLORADO INTERNAL SERVICE FUNDS INTRAGOVE;RNME NTAL AGENCY FUND Schedule of Fixed Asset Acquiis.ilions Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual Budget (Unfavorable) FIXED ASSET ACQUISITIONS: ----- ----- Machinery and equipment $ 363,200 $ 365,000 $ 1 ,800 TOTAL FIXED ASSET ACQUISITIONS $ 363,200 $ 365,000 S 1 ,800 The Notes to Financial. Statements are .an .integral part of this schedule. - 9'; - 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 for individuals, governmental entities and non-public organizations. - 92 - COUNTY OF WELD EXHIBIT F-1 STATE OF COLORADO TRUST AND AGENCY FUNDS COMBINING BALANCE SHEET December 31, 1978 Expendable Trust Pension Trust Agency Funds Weld County Wed County Library Special Weld County Clerk and Recorder Treasurer Memorandum ASSETS Fund Retirement Fund Fund fund Total ____ ASSETS: Cash with treasurer $ 20,455 $ - $ - $ - $ ,'0•';5` Cash on hand •• - 638,864 816,817 1, ,6Y1 Cash in bank - 7. ',580 - 1,979.:574 .',t' ,:Y Investments, at cost - - - 9,910,000 9,910,000 Investments, at market value - 4,065,798 - - 4,065.79S Accounts receivable, net 1,398 88,?S'6 - - S9,{W` Other assets _ - Y 9,100 - 100 TOTAL ASSETS $ 21853 $ 4,234,774 $ 638,864 $ 12,706,491 $ 17 �0".y9i - , LIABILITIES AND FUND BALANCE LIABILITIES; Accounts payable S - S 110 $ - $ - $ 110 Rae to taxing units - -• 638,864 12,706,491 13,345,155 Total Liabilities 110 638,864 12,706,+91 13,345.415:5 FUND BALANCE: Reserved for employees retirement plan - 4,234,664 - - 4,234,664 Unreserved 21,853 _ - - ?1�8h3 Total Fund Balance 21,953 4,234,664 - 4,256,517 TOTAL LIABILITIES AND ;ND BALANCE $_ 21,653 $ 4,234,774 $ 638,864 S 12,706,491 $ 17,601,9H2 The Notes to Financial Statement are an Integral part of this exhibit. - 93 - COUNTY OF. WELD EXHIBIT F STATE OF COLORADO TRUST AND AGENCY FUNDS STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - ALL EXPENDABLE TRUST FUNDS Year Ended December 31, 1973 Library Special Fut:c.i REVENUES: (Schedule 1 ) Intergovernmental revenue $ 43,49R Charges for services 7•t? 5 Fines and forfeits Miscellaneous revenue Total Revenues ,1,850 EXPENDITURES: (Schedule 2) Auxiliary services 5" ,54? Intergovernmental expenditures 281 Miscellaneous 84 Total Expenditures 51 ,907 EXCESS OF REVENUES OVER EXPENDITURES `•t.943 FUND BALANCE, January 1, 1978 11 ,910 FUND BALANCE, December 31, 1978 $ 21 ,853 The Notes to Financial Statements are an integral part of this exhibit. 94 - COUNTY OF WELD EXHIBIT F-3 STATE OF COLORADO TRUST AND AGENCY FUNDS WELD COUNTY RETIREMENT PLAN STATEMENT OF CHANGES IN NET ASSETS Year Ended December 31 , 1978 INVESTMENT INCOME: Income from common trust funds $ 108,4" Interest on mortgages 41 , 348 Interest on corporate bonds 20,9`'` Interest on government obligations 2. / Interest on temporary investments "" Interest on savings with trustees 17?.4 i4. CONTRIBUTION INCOME: Employer 393,!:01 Employees -3933,5; Employer - reimbursement of administrative expenses 34,770 _ 8: 1 ,82 Total Income _ 1 ,001 .?I;4 EXPENSES: Refunds to members 127,413 Retirement benefits paid 10?, 1[b Administrative expenses (Schedule 3) _._. .34,770 Total Expenses 264,341 NET INCOME 736,903 REALIZED GAIN AND UNREALIZED APPRECIATION DECREASE: Proceeds from sale of investments 599,6?6 Cost of investments sold 598,029 Net Realized Gain ---_ R..+'?f.� . Unrealized appreciation of investments: Beginning of year 342,807 End of year 329,099 increase (decrease) in unrealized appreciation _: (13,708) Total Realized Gain and Unrealized Appreciation Decrease 7?4,80? NET ASSETS, January 1 , 1978 3,509,86? NET ASSETS, December 31 , 1978 S 4,234,664 The Notes to Financial Statements are an integral part of this exhibit. - 95 - COUNTY OF WELD EXHIBIT F-4 STATE OF COLORADO TRUST AND AGENCY FUNDS COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES _ ALL AGENCY FUNDS Year Ended December 31 , 1978 Balance Balance 1/1/78 Receipts Disbursements 12/31/78 WELD COUNTY CLERK AND RECORDER FUND ASSETS: Cash $ 13,2.90 $ 7,314,034 $ 6,688,460 $ 638,864 LIABILITIES: Due to taxing units $ 13,290 $ 7,314,034 $ 6,688,460 $ 638,8.x.,. WELD COUNTY TREASURER FUND ASSETS: Cash $ 10,899,200 $ 119,711,986 $ 117,904,695 $ 12,706,491 LIABILITIES: Due to taxing units $ 10,899,200 $ 119,711 ,986 $ 117,904,695 $ 12,706,491 The Notes to Financial Statements are an integral part of this exhibit. - 96 - COUNTY OF WELD Schedule 1 STATE OF COLORADO TRUST AND AGENCY FUNDS LIBRARY SPECIAL FUND Schedule of Revenues Compared with Estimate Year Ended December 31 , 1978 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: State grants $ 26,756 $ 26,000 756 Systems Area Resource Center 16,742 15,000 $ 1 ,74<: Total Intergovernmental Revenue 43,498 41,000 CHARGES FOR SERVICES: Revolving centralized purchasing and processing 17,045 17,000 45 Total Charges for Services 17,045 17,000 45 FINES AND FORFEITS: Permanent fund 651 —� 400 251 Total Fines and Forfeits 651 400 ___ 251 MISCELLANEOUS REVENUE: Contributions 656 300 356 Total Miscellaneous Revenue 656 300 3% TOTAL REVENUE $ 61 ,850 $ 58,700 $ 3,150 The Notes to Financial Satements are an integral part of this schedule. - 97 - COUNTY OF WELD Schedule 2 STATE OF COLORADO TRUST AND AGENCY FUNDS LIBRARY SPECIAL FUND Schedule of Expenditures Compared with Budget Year Ended December 31 , 1978 Variance Favorable Actual Budget (Unfavorable) AUXILIARY SERVICES: Systems Area Resource Center $ 23,531 $ 25,000 $ 1,469 State centralized purchasing and processing 12,242 15,000 2,7'38 Revolving centralized purchasing and processing 15,769 18,000 2,231 Total Auxiliary Services 51,542 58,000 6,458 INTERGOVERNMENTAL EXPENDITURES: High Plains Library System 2.81 500 219 Total Intergovernmental Expenditures 281 500 219 MISCELLANEOUS: Permanent fund 47 100 53 Gifts 37 100 63 Total Miscellaneous 84 200 116 TOTAL EXPENDITURES $ 51 ,907 $ 58,700 $ 6,793 The Notes to Financial Statements are an integral part of this schedule. - 98 - COUNTY OF WELD Schedule 3 STATE OF COLORADO TRUST AND AGENCY FUNDS WELD COUNTY RETIREMENT FUND Schedule of Administrative Expenses Year Ended December 31 , 1978 ADMINISTRATIVE EXPENSES: Actuarial fees S 18,563 Trustee fees 13,707 Auditing fees 7. ,50 TOTAL ADMINISTRATIVE EXPENSES S 34,77U The Notes to Financial Statements are an integral part of this schedule. • - 99 - AL FIXED ASSET GENE AC i. 0 T G • OUP Investments in property and equipment, except for those of the Internal Service Funds and the Weld County General Hospital, are recorded in this account group. - 100 - COUNTY OF WELD EXHIBIT G-1 STATE OF COLORADO GENERAL FIXED ASSETS STATEMENT OF CHANGES IN GENERAL FIXED ASSETS Year Ended December 31, 1978 Changes During Year _ Fixed Assets Transfers fixed Assets 1/1/78 Additions Deletions In (Out) 1?01/78_ GENERAL FIXED ASSETS: Land $ 978,067 S - S - S - $ 978.067 Buildings 9,979,115 37,346. - 4,248,891 14, F.5.35e' Improvements other than buildings 116,498 25,147 - - ?;: 1,645 Equipment and furniture 1,889,352 255,813 - 125,883 Construction in progress 3,680,076 _ 995,833 - (4,374,774) TOTAL GENERAL FIXED ASSETS $ 16,643,108 $ 1,314,139 $ - $ - $ 17,9747 INVESTMENTS IN GENERAL FIXED ASSETS FROM: Current revenues $ 9,7?3,990 $ 185,425 S - $ - $ 9,9')9,415 Gifts and grants 541,358 51,671 - - '.;'3,029 Federal Revenue Sharing 6, 377,760 1,077,043 - 7,454,8'.,3 TOTAL INVESTMENTS IN GENERAL FIXED ASSETS S 16 643,108 $ 1,314,139 $ - $ $ 17,957,247 The Notes to Financial Statements are an integral part of this exhibit. • • - 101 - STATISTICAL SECTION Board of County Commissioners Weld County, Colorado Greeley, Colorado Our examination of the financial statements of the various funds and account groups of Weld County, Colorado, for the year ended December 3: , 1978, was intended primarily for. the purpose of formulating an opinion on the basic financial statements taken as a whole. The statistical information presented in the following pages has been taken primarily from accounting and other records of the County and is not, in our opinion, necessary for fair presentation of their financial position, results of operations or changes in financial position. Such information has not been subjected to tests and other auditing procedures sufficient to enable us to express an opinion as to the fairness of all the details included therein and, accordingly, we do not express an opinion on the statist.ica.l information. atilA415" -)11916‘e May 31 , 1979 - 103 - • y t O) N rn N ,n T ++1 ^ 1p ,-t! y: 4 rr. O .n O v1 T v+ .- .0i C n 3 a o 1n an 40 ...^ .+1 il. I-• _ ?. 3 r'" h O en f11 u0 ••0 ... V\ n r a0 rte. C) WI N r e- N 4. n.. U N! n -i .•1 I MI N• ~' 4 4• S' 4 . 4 • • r . ♦ N .0 01 r. 4J 4.- O -' r, O) L .n O J1 C . H T rt -0 7� C r+1 N 4 N 4 W .L▪ c\- 1• jC C. C. N N 1.1 ❑.) r. (0 - h n) o u, 61 4/1 .0 in r. n; C _ r- .., .. ^ 0. u1 N in 40 to i J cif, .- +'. en N 0. <4- M , u C • 0 0\ N 0. +D N CG M .0 01 C u1 .., >. I Or, ..4 o 0 ts, f\ N Q. 0 ✓ L 4/I 4 C CC C1 -. Q. •0 UN .r C $21 • �• J Lt. C rn 10 - O. _t l.. 7 :IC C h. 4 b ,n 4. N. CO t... 5•r L i ^) N •n V. 4.0 1' 0Y) 01 t<, x a < : c.1) a; in 6; !r JJJ O. .7 T-• CO N. 4. th N Q. n C 4 < J N Mt 01 '0 10 0, '0 N C O -- J O •) - r14 U i• r0 T m O. .Y N v, (C �: h: ti 3 J y 4) ..-•I +O1 G q, :n .r ,.: rr1 • O+ O r.- V (y v y •.'•� d'+ r, N. r". 0' 0. 0. ' 4. r,, 4.-. a • }G1 C tv 0 r)) n' 3 I N v1 10 10 .0 u-. t: 10 10 r. CI. I-I -r C I t/' C Z I W 'V O 4+ It Q.< =_ 'a t O. 01 •' h r5. (0 .4' N V1 V•CO E J C -�1 eil01 11 .1)1 ✓' N .0 r` M4. a> N O. L Q1 4o L VI ✓ .n .0 d N IN (C 0. N W r. y +0 C •-, 1' N O .r. C) D Le, .0 C.• 0.) MI h • r .7 r' es: . •0 . re, M r o+1 en V O V0+ e'- •. -- • 4.. M N N N 4- '. O , L ,0 N Li a, y v irN. .O : 4 r4 ^` N N L. Cp� O 0 k +-1 rn 4- h T :7 C '° 0 1• a0 o N 1 I: aQ o rn 7 rn # rh ^ 0. N. •.D 00 10 r1 r.. C O . 1 N N .t T. t d s v CC _ a �, v • • n. 4. O 1' en n (.0 � in m ? .--. CO O. M N OD v` -t 2` -1 U U T. y C •-4 0. 10 C v1 .0 v1 0. 00 T it. .0 w. n; .' rr1. ,t rn 10 T -- 11% V) O r0` 4) C V)' N L J tR •M V -•, N ap ..0 'f. t1) v. 10 h. • ,0} .-N 1r, 0 m ^r, u1 0' 4- rn p a) ti 4.1 )- V) N r- n. RI 0. it. .« 0. ,•,r t CO. tr1 d' 01 Q. 4- Nn. an R) a) o t.. -•. ^ ^ N (0 4; in rn -+ 0, M, 0 My C ..... n.; >` `I) +n .- N Q) 0'. 4.• 4..4 4• -. U1 N T U a0 10 4- U. 10 0 C ^" i i 0 .. 0 d n•) ^ Q1 •- 0) C Li ti - « L I 10 O -- 0 N C N. O. •- N C a)p C R•' n 01 0. rn 0C .r- 4) it. N 0 O) CS0 O1 '' L ra O IV L: 01 0 .- r•. +f Q N 1 4 4r. . a0 C y '0 4 .0 n N r•. N R N N r` r-. )-t C7 6)j 01 O. O. C1 0,. 0. 0' 0. C. O. _. .- .M - 104 - COUNTY OF WELD Fable ll Si ATE. OF COLORADO General Revenues by Source (Unaudited) Last len Years Licenses Intergovernmental Charges for Fines dnd Miscellaneous Year Taxes and Permits Revenue Services Forfeit Revenue • 1969 $ 4,118,857 $ • 930 $ 4,562,774 $ 469,542 $ * S 372,660 1970 3,137,245 1,288 6,157.975 764,594 12,52.1 338,575 1971 3,522,659 59,363 7,302,574 899,956 4,888 534,148 1972 5,950,847 81,557 8,048,237 957,625 2,706 3,899,712 1973 5,726,634 91,656 10,296,392 772,611 2,289 690,05! 1974 7,704,200 70,720 8,715,706 860,257 2,781 !,090,177 1975 8.263,808 114,169 10,246,881 1,242,969 2,984 1,176,414 1976 10,675,124 173,902 10,928,859 1,524,900 2,192 1,122,108 1977 8,450,2.78 141,938 11,620,117 1,181,004 2,364 2,146,925 1978 10,235,616 187,067 13,517,280 1,278,237 2,171 1,9741.314 * Information not available. General revenues include revenues of General and Special Revenue Funds. • • - 1O - COUNTY OF WELD Table III STATE OF COLORADO Property Tax Levies and Collections (Unaudited) Last Ten Years Total Total Current Percent Delinquent Total Collections Outstanding Levy Collection Tax Tax of Levy Tax Tax as Percent of Delinquent. Year Year Levy Collections Collected Collections Collections Current Levy Taxes 1973 1974 $ 7,257,427 $ 7,239,964 99.76 S * $ * * $ 1974 1975 7,538,782 7,514,231 99.67 " K 38.004" 1975 1976 9,867,851 9,917,943 99.49 46,890 9,864,833 99.97 3,018 1976 1977 10,121,370 10,099,155 99.78 1,497 10,100,652 99.80 ? ,718 1977 1978 10,618,807 10,600,167 99.82 - 10,600,167 99.82 18,640 • * Information not available. **Includes delinquent taxes from 1974 and prior years. Other years' data not available. - 106 - COUNTY OF WELD fable IV STATE. (0 COLORADO Assessed and Estimated Actual Value of Taxable Property (Unaudited) ►.ast fen Years Real Property (1) Personal Property (2) _ Total Assessed Estimated Assessed Estimated Assessed Estimated Year Value Actual Value Value Actual Value Value Actual Value 1969 $ 151,625,704 $ 505,419,013 $ 33,058,466' $ 220,289,776 $ 184,684,170 $ 725,708,789 1970 163,846,724 546,155,746 35,722,976 236,153,175 199,569,700 784,308,921 1971 165,92.0,644 553,068,813 ?6,175,146 241,167,64? 202,095,790 794,736,4?55 1972 182,930,721 609,769,070 39,883,799 265,891,993 222,814,520 875,661.061 1973 209,243,771 697,479,236 45,620,749 304,138,327 254,864,520 1,001,6i7.5ui 1974 235,636,097 785,453,656 51,374.983 342,499,888 287,011,080 1,127,953,54;, 1975 264,085,012 880,283,373 57,577,608 313,850,720 321,662,620 1,264,134,093 1976 311,386,746 1,8'37,955,820 67,890,654 452,604,360 379,277,400 1,490,560,180 1977 396,640,305 1,3.77,134,350 86,478,215 576,521,413 463,118,520 1,898,655,783 1978 477,056,630 1,590,188,766 104,2)7,180 694,'914,513 581,293,810 2,285,103,299 • (1) Real property is assessed at 30% of replacement cost, as determined by state ►aw. • (2) Personal property Is taxable at. a variable: rate, 15% of estimated actual value was used as an average. • • - 10 - . COUNTY OF WELD 'able V STATi. OF COLORADO Property Tax Rates and r.tx Levies - All Overlapping Governments (Unaudited) Last Fen Year; Levy Collection School Junior Year Year Cities Districts _County Collette Other Total Tax R.itres 1968 1969 496.97 2,398.?.8 15.00 4.00 133.12 3,043.37 1969 1970 494.14 2,436.85 15.00 4.00 146.20 3,096.19 1970 1971 498.10 2,458.5.' 16.00 5.77 141.49 3,119.87 1971 1972 509.09 2,318.65 23.21 5.77 142.64 2,999. 4; 1972 1973 493.83 1,761.53 20.40 4.00 134.70 2,394.1X: 1973 1974 503.83 . 1,611.1() 23.99 4.00 147.45 1,790.37 • 1974 1975 610.69 1,341.4,? 21.48 4.00 165.3? 2,144.91 1975 1976 494.15 1,174.?2 25.82 3.70 151.24 1,851.8: 1976 1977 415.29 i,`:68.29 21.13 3.48 134.85 2,142.95 1977 1978 413.80 1,380.32 11+.26 3.46 134.66 1,950.50 Tax 1 e1iICS 1968 1969 $ 1,193,883 $ 8,108,932 $ 2,954,947 $ 318,932 $ 647,71() $ 13,2 4,404 1969 1970 1,187,764 10,461,356 7,982. ,954 696,846 679,375 16,008,295 1970 1971 1,246,447 11,489.014 3,274,011 750,360 893,137 17,65:'.,969 1971 1972 1,295,859 11,332,388 5,274,758 87.7,359 856,534 21,587,49S 1972 1973 1,422,266 14,439,100 5,213,981 947,915 984,929 23,008,291 1973 1974 1,597,009 117.,923,854 6,917,789 1,068,564 1,156,191 23,663,407 1974 1975 1,882,949 15.031,140 7,499,288 1,190,197 1,447,761 27,051,5?7 1975 1976 2,343,295 17,9?2,96i 9,8022.43. 1.410,975 1,738,742 33,208,405 1976 1977 2,043,547 21,724,237 10,208,295 1,645,660 1,988,326 37,610,065 1977 1978 2,121,568 25.429,499 10,597,815 1,797,717 2,351,751 42,299,350 - (1`1 COUNTY OF WELD Tab Le V STATE OF COLORADO Special Assessment Collections (Unaudited) Last Fen Years Weld County has had no special assessment from 1969 - 1978. - 109 - COUNTY OF WELD Table VII STATE OF COLORADO Computation of Legal Debt Margin (Unaudited) December 31 , 1978 Assessed Value, 1978 $ 580,384. 173 Debt Limit 1 1/2 Percent of Assessed Value 8,705,695 Amount of Debt Applicable to Limit: Total Bonded Debt $ - Installment Purchase Agreements - Total Amount of Debt Applicable to Debt Limit - Legal Debt Margin $ e 8:705 763 Debt Limitation: Under Section 30-27-301, Colorado Revised Statues, 1973, the County may incur indebtedness for general County purposes in an amount not to exceed 1 1/2% of assessed valuation of all taxable property. - 110 - COUNTY OF WELD Table VII STATE OF COLORADO Computation of Legal Debt Margin (Unaudited) December 31 , 1978 Assessed Value, 1978 $ 580,384, 171 Debt Limit 1 1/2 Percent of Assessed Value 8,705,695 Amount of Debt Applicable to Limit: Total Bonded Debt $ - Installment Purchase Agreements Total Amount of Debt Applicable to Debt Limit _ Legal Debt Margin $ 6,705,763 Debt Limitation: Under Section 30-27-301 , Colorado Revised Statues, 1973, the County may incur indebtedness for general County purposes in an amount not to exceed 1 1/2% of assessed valuation of all taxable property. - 110 - COUNTY OF WELD Table VIII STATE OF COLORADO Tables Relating to Bonded Debt (Unaudited) December 31 , 1978 Weld County is without bonded debt and the following statistical tables as required by the National Council on Governmental Accounting are not presented: A. Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita - last Ten Years B. Computation of Overlapping Debt; - December 31 , 1978 C. Ratio of Annual Debt Service for General Bonded Debt to Total General Expenditures - Last Ten Years D. Revenue Bond Coverage - Last Ten Years - 111 - COUNTY OF WELD Table VIII STATE OF COLORADO Tables Relating to Bonded Debt (Unaudited) December 31, 1978 Weld County is without bonded debt and the following statistical tables as required by the National Council on Governmental Accounting are not presented: A. Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita - Last Ten Years B. Computation of Overlapping Debt - December 31 , 1978 C. Ratio of Annual Debt Service for General Bonded Debt to Total General. Expenditures - last len Years D. Revenue Bond Coverage - Last Ten Years - 111 - COUNTY OF WELD Table IX STATE OF COLORADO Demographic Statistics (Unaudited) December 3r, 1978 1 . Population: 1960 - 72,344 1970 - 89,297 1975 - 111 ,901 1978 - 120,000 est. 2. Estimated Median Age: 24.6 (1970 Census) 3. Total Personal Income For Years Available: 1970 - $ 279,166,000 1971 - 327,463.000 1972 - 380,534,000 1973 - 481 ,301 ,000 1974 - 539,813,000 1975 - 597,099,000 4. Per Capita Income For Years Available: 1970 - $ 3, 111 1971 - 3,527 1972 - 3,89.1 1973 - 4,666 1974 - 5,054 1975 - 5,543 5. Median Family Income (1970 Census): 1970 - $ 8, 363 - 112 - COUNTY OF WELD Table X STATE OF COLORADO Property Value, Construction, Bank Deposits, and Other Economic Indicators (Unaudited) Last Ten Years 1970 1975 1977 Property Value - estimated actual value (millions) $ 784.3 $ 1 ,264. 1 $ 1 ,898.7 Building Permits 1,635 586 1 ,044 Estimated Construction (millions) $ 14. 1 $ 20.6 $ 3)." Commercial Bank Deposits (millions) $ 289.2 $ 556.9 $ 685.6 Savings and Loan Savings (millions) n/a $ 123.2 $ 170.0 Retail Sales (millions) $ 417.8 $ 878.0 $ 894.6 Value of Crop Production (millions) $ 64.6 $ 134.6 $ 110.? Other years ' d.,ta not available - 113 - COUNTY OF WELD Table XI STATE OF COLORADO Principal Taxpayers (Unaudited) December 31 , 1978 1978 Assessed Valuation Amoco Production Co. $ 94,537,910 Eastman Kodak 69,557,620 Public Service Co. of Colorado 30,784,940 Mountain Bell 12,550,710 Machii-Ross Petroleum Co. 9,646,250 Beaver Mesa Exploration Co. 8,759,750 Union Pacific Railroad Co. 8,085,820 Monfort of Colorado Inc. 7,988, 190 Energy Minerals 7,397,840 Martin Oil Co. 6,547,640 Panhandle Eastern Pipeline Co. 6, 179,270 Champlin Petroleum Co. 5,648,830 Home Light & Power Co. 5,444,690 Vessels Oil & Gas Co. 5,043,620 Monfort Packing Co. 4,641 ,460 American Telephone & Telegraph 4,496,260 Crystal. Exploration 3,976,950 Colorado Interstate Gas Co. 2,785,850 Greeley Mall Association 2, 103,870 Coors 2, 100,660 Greeley National Bank 1,453,890 Union Rural Electric Assn. 1, 303,300 Greeley Gas Co. 1, 166, 120 Hillside Shopping Center 1,088,830 Burlington Northern 1 ,010, 160 - 114 - COUNTY OF WELD Table XII STATE OF COLORADO Page 1 Miscellaneous Statistics (Unaudited) December. 31 , 1978 1 . Date of Incorporation: 1861 2. Form of Government: Home Rule Charter 3. Date Present Charter. Adopted: January 1, 1976 4. Area - Square Miles: 4,002 square miles 5. County Seat: City of Greeley 6. Employees as of December 31, 1978: Elected Officials - 16 Division Heads - 5 Department Heads - 6 Other Full Time Employees - 92.7 Part Time Employees - 146 7. Miles of Roads: Paved - 552 Unpaved - 3,007 8. Building Permits: No. of Year Permits Valuation 1974 882 $ 18,696,840 1975 1,339 25,251 ,542 1976 1,624 47,546,973 1977 1, 177 30,102,553 1978 1,546 58,749,363 9. Motor Vehicle Registration: 1974 - 94,484 1975 - 103,818 1976 - 108,529 1977 - 112,849 1978 - 174,393 10. Special Districts 28 - Cities and Towns within County: 12 - Schools 6 - Fire 9 - Water and Sanitation 1 - College (Continued on next page) - 115 - COUNTY OF WELD Table XII STATE OF COLORADO Page 2 Miscellaneous Statistics - Continued (Unaudited) December 31 , 1978 11 . Cities and Towns: Ault Gilcrest Lochbuie Eaton Greeley Mead Erie Grover Milliken Evans Hudson New Raymer Dacono Johnstown Nunn Firestone Keenesburg Pierce Frederick Keota Platteville Ft. Lupton Kersey Rosedale Garden City La Salle Severance Windsor 12. Recreation: Golf Courses - 3 City and Regional Parks Island Grove Recreational. Complex 13. Libraries: Greeley Library 92,500 Volumes University of No. Colo. 800,000 Volumes Weld County Library 140,000 Volumes • 14. Elections: Number of Number Percent of Registered of Votes Registered Voters Cast Voters Voting 1974 General Election 45,175 30,002 66.4 1976 General Election 49,785 41 ,184 32.7 1978 General Election 47,83?. 29,818 62.3 15. Media Newspapers: The Greeley Tribune, The Booster, Town & County News, Aims College World, The Mirror (UNC), Eaton Herald, Farmer & Miner, Keene Valley Sun, Greeley Journal, Johnstown Breeze, Ft. Lupton Press, Platte- ' ville Herald, Windsor Beacon. Radio Stations: KFKA/KFK7, KYOU/KGRE_, KUAD AM and FM, KUNC FM. • Television: Receives commercial & public television origi- nating from both Denver and Cheyenne stations. 16. Sales Tax as of December 31 , 1978: State - 3% - 116 - COUNTY Or WELD Table XiII STATE OF COLORADO Insurance in Force (Unaudited) • December 31, .1978 Policy Period Annual Name of Company Policy Number Begins Expires Details of Coverage Liability Limits Premiums Hartford 34C703436 1/15/78 1/15/79 Comprehensive Auto Liability 300/500/100 $ 8?,994 Hartford 34SMP109366 1/15/78 1/15/79 Property Damage and Property-$12,908,300 General Liability General Liability - $500,000 $100 Deductible 65.407 Hartford 341C723172 9/5/78 9/5/79 Builders Risk (Library All Risk - $657,625 Construction) $1,000 Deductible 1,731 Hartford 34IC722660 1/15/78 1/15/79 Contractor's Equipment $4,467,117 - Value 1% of loss, not less than $100 nor more than $500 deductible 30,071 United Fire and Public Officials Errors $1,000,000 aggregate Casualty Co. 28-005-740 1/19/78 1/19/79 and Ommisslons $100,000/claim $500 Deductible 8,170 Hartford 34HU61084;' 1/15/78 1/15/79 Umbre►la Liability $1,000,000 with $25,000 Retention 34,000 Hartford 34MB0100860 1/15/78 1/15/79 Money and Security $115,000 1,396 St. Paul 5833C5472 4/19/78 4/19/79 Professional Liability Health Department $200,000 4,647 St. Paul 583XC9199 8/31/78 8/31/79 Professional Liability ARRC $500,000 2,22.7 Hartford 4062549 1/15/78 1/15/79 Public Official Bonds/ Faithful Performance As required by Statue 3,737 - 117 - COUNTY OF WELD Table XIII STATE OF COLORADO Insurance in Force (Unaudited) December 31, 1978 Policy Period Annual Name of Company Policy Number Begins Expires Details of Coverage Liability Limits Premiums Hartford 34C703436 1/15/78 1/15/79 Comprehensive Auto Liability 300/500/100 $ 82,994 Hartford 34SMP109366 1/15/78 1/15/79 Property Damage and Property-$12,908,300 General Liability General Liability - $500,000 $100 Deductible 65,407 Hartford 341C723172 9/5/78 9/5/79 Builders Risk (Library All Risk - $657,625 Construction) $1,000 Deductible 1,731 • Hartford 341C722660 1/15/78 1/15/79 Contractor's Equipment $4,467,117 - Value 1% of loss, not less than $100 nor more than SS00 deductible 30,072 United Fire and Public Officials Errors $1,000,000 aggregate Casualty Co. 28-005-740 1/19/78 1/19/79 and 0mmissions $100,000/claim S500 Deductible 8,170 Hartford 34HU610842 1/15/78 1/15/79 Umbrella Liability $1,000,000 with $25,000 Retention 34,000 Hartford 34MB0100860 1/15/78 1/15/79 Money and Security $115,000 1,396 St. Paul 583105472 4/19/78 4/19/79 Professional Liability Health Department $200,000 4,647 St. Paul 583009199 8/31/78 8/31/79 Professional Liability ARRC $500,000 2,227 Hartford 4062549 1/15/78 1/15/79 Public Official Bonds/ Faithful Performance As required by Statue 3,737 - 117 - Hello