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COLORADO
TABLE OF CONTENTS
INTRODUCTORY SECTION
Table of Contents
Letter of Transmittal 1
Government Finance Officers Association Certificate
of Achievement for Excellence in Financial Reporting 9
Organization Chart 10
Principal County Officials 11
FINANCIAL SECTION
Independent Auditors'Report 13
Management's Discussion and Analysis 15
Basic Financial Statements
Government-Wide Financial Statements:
Statement of Net Assets 25
Statement of Activities 26
Governmental Fund Financial Statements:
Balance Sheet 28
Reconciliation of Total Governmental Fund Balances to the
Statement of Net Assets 30
Statement of Revenues, Expenditures and Changes in Fund Balance 32
Reconciliation of the Statement of Revenues, Expenditures and
Changes in Fund Balances of Governmental Funds to the
Statement of Activities 34
Proprietary Fund Financial Statements:
Statement of Net Assets -Proprietary Funds 35
Statement of Revenues, Expenses and Changes in Net Assets -
Proprietary Funds 36
Statement of Cash Flows- Proprietary Funds 37
Fiduciary Fund Financial Statements:
Statement of Fiduciary Net Assets 38
Statement of Changes in Fiduciary Net Assets 39
Notes to the Financial Statements 40
Required Supplementary Information
Pension Trust 67
Modified Approach for Infrastructure Assets 68
Required Supplementary Information Other Than MD&A:
Schedules of Revenues,Expenditures and Changes in Fund Balances-Actual and Budget
Major Funds:
General Fund 69
Public Works Fund 74
Social Services Fund 76
Human Services Fund 78
Supplemental Information:
Combining Statement of Non-major Governmental Funds:
Explanation of Funds 81
Combining Balance Sheet 86
Combining Statement of Revenues, Expenditures and Changes in Fund Balance 88
Schedules of Revenues,Expenditures and Changes in Fund Balances-Actual and Budget
Non-major Governmental Funds:
Special Revenue Funds:
Capital Expenditures Fund 90
Conservation Trust Fund 91
Contingent Fund 92
Emergency Fund 93
Public Health Fund 94
Solid Waste Fund 95
Bebee Draw Fund 96
Component Units:
Housing Authority 97
E-911 Authority Fund 98
Local Highway Finance Report 100
Combining Statements of Internal Service Funds:
Combining Statement of Net Assets - Internal Service Funds 102
Combining Statement of Revenues, Expenses and Changes in
Net Assets - Internal Service Funds 104
Combining Statement of Cash Flows - Internal Service Funds 106
Combining Statement of Fiduciary Funds:
Combining Statement of Changes in Assets and Liabilities -Fiduciary Funds 108
ii
Schedule of Revenues, Expenses and Changes in Fund Equity-Actual and Budget
Enterprise Fund and Internal Service Funds:
Enterprise Fund:
Paramedic Services 109
Internal Service Funds:
Motor Vehicle Fund 110
Health Insurance Fund 111
Insurance Fund 112
Phone Service Fund 113
Weld Finance Corporation 114
STATISTICAL SECTION
Net Assets by Componet 116
Changes in Net Assets 117
Fund Balances of Governmental Funds 119
Changes in Fund Balances, Governmental Funds 120
Assessed and Estimated Actual Value of Property 121
Property Tax Levies -Direct and Overlapping Governments 122
Principal Taxpayers 123
Property Tax Levies and Collections 124
Direct and Overlapping Governmental Activities Debt 125
Legal Debt Margin Information 126
Private Purpose Revenue Bonds 127
Demographic and Economic Statistics 128
Principal Employers 129
Full-time Equivalent Employees by Function/Program 130
Operating Indicators by Function/Program 131
Capital Asset by Function/Program 132
Insurance in Force 133
SINGLE AUDIT
Schedule of Expenditures of Federal Awards 135
Report on Compliance and on Internal Control Over Financial Reporting
Based on an Audit of Financial Statements Performed in Accordance with
Governmental Auditing Standards 140
Report on Compliance with Requirements Applicable to Each Major Program and
Internal Control over Compliance in Accordance with OMB Circular A-133 143
Schedule of Findings and Questioned Costs 146
Summary Schedule of Prior Audit Findings 156
Notes to Schedule of Expenditures of Federal Awards 162
iii
COLORADO
1 DEPARTMENT OF FINANCE
C AND ADMINISTRATION
COLORADO PHONE (970) 356-400Q EXT.4218
FAX:(970) 352-0242
P.O. BOX 758
GREELEY, COLORADO 80632
June 1, 2007
Honorable Board of Commissioners
County of Weld
915 10th Street
Greeley, CO 80631
Dear Board Members:
The Comprehensive Annual Financial Report of the County of Weld, State of Colorado for the fiscal
year ended December 31, 2006, is hereby submitted. Responsibility for both the accuracy of the
data, and the completeness and fairness of the presentation, including all disclosures, rests with the
County. To the best of our knowledge and belief, the enclosed data is accurate in all material
respects and is reported in a manner designed to present fairly the financial position and results of
operations of the various funds and account groups of the County. The assurance of the accuracy
in the County financial report is a result of the County's internal controls. The controls have been
developed to provide accurate information on an efficient and cost-effective basis. All disclosures
necessary to enable the reader to gain an understanding of the County's financial activities have
been included.
With the December 31, 2006 financial statements,Weld County has elected to continue a significant
change in government financial reporting. The purpose of these changes,which were developed by
the Governmental Accounting Standards Board (GASB), is to provide better and more complete
information to the users of governmental financial statements. In addition to changes to the basic
financial statements, the statements are now accompanied by an introduction, overview, and
analysis, referred to as"Management's Discussion and Analysis"(MD&A). This letter of transmittal
is designed to complement the MD&A and should be read in conjunction with it. The MD&A can be
found in the Financial Section immediately following the independent auditor's report.
The County provides the full range of county services contemplated by statute or charter. These
include general government functions, public protection and safety, health, social services, human
resource services, public improvements, road and bridge operations, planning and zoning, and
general administrative services.
This report includes all activities for which the Board of County Commissioners is accountable to the
citizens of Weld County,financially,or by State Statute or the Weld County Home Rule Charter. All
applicable funds, departments,and offices are included in these financial statements as part of the
"primary government" of Weld County. In addition, there are several legallyseparate entities that
have significant operational or financial relationships with the County. These include the
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Honorable Board of Commissioners
Weld County Housing Authority, Weld County Retirement Plan, Beebe Draw Law Enforcement
Authority,Weld County Finance Corporation, and E-911 Authority. These entities are also included
in the County's financial statements.
INDEPENDENT AUDIT
Colorado law requires that the County's financial statements be audited by an independent certified
public accountant or firm of certified public accountants licensed to practice in the State of Colorado.
The county's financial statements have been audited by Bondi and Company, LLC, a Colorado
licensed Certified Public Accounting firm. The goal of the independent audit was to provide
reasonable assurance that the financial statements are free of material misstatement. The
independent audit involved examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting principles used and significant
estimates made by management, and evaluating the overall financial statement presentation. The
independent auditor concluded, based upon the audit,that there was a reasonable basis for issuing
an unqualified opinion that the County's financial statements for the year ended December 31, 2006,
are fairly presented in conformity with GAAP. The independent auditor's report is presented in the
front of the financial section of this report.
The independent audit of the County's financial statements was part of a broader, federally
mandated "Single Audit" in accordance with provisions of the Single Audit Act of 1984, Federal
Single Audit Amendment of 1996, and U.S. Office of Management and Budget Circular A-133,
Audits of States, Local Governments, and Non-Profit Organizations. The"Single Audit"is designed
to meet the special needs of federal grantor agencies. The standards governing Single Audit
engagements require the independent auditor to report not only on the fair presentation of the
financial statements, but also on the audited government's internal controls and compliance with
legal requirements, especially as they relate to the administration of federal awards. Single audit
schedules and the auditor's reports are available in the "Single Audit" section of the document.
PROFILE OF WELD COUNTY
Location and demographics. Weld County is located along Colorado's front range in the northern
part of the state. Weld County covers an area of 3,999 square miles in north central Colorado. It is
bordered on the north by Wyoming and Nebraska and on the south by the Denver metropolitan
area. The third largest county in Colorado, Weld County has an area greater than that of Rhode
Island, Delaware and the District of Columbia combined.
The climate is dry and generally mild with warm summers, mild winters and a growing season of
approximately 138 days. The land surface is fairly level in the east,with rolling prairies and low hills
near the western border. Elevations in the county range from 4,400 to 5,000 feet.
The South Platte River and its tributaries, the Cache la Poudre, Big Thompson, Little Thompson,
Boulder, St. Vrain, and other smaller streams, flow into Weld County from the south and west,
leaving the county on the east.
There are 31 incorporated towns in Weld County. The county seat and principal city, Greeley, is
located in the west central part of the county and contains almost half the county's population.
Generally, most of the remaining population resides within a 20 to 30 mile radius of Greeley; the
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Honorable Board of Commissioners
northeastern part of the county is sparsely populated. Southwest Weld County is one of the fastest
growing areas in the state due to its proximity to the north Denver metro area. The county's
population in 2006 was approximately 220,000.
COUNTY GOVERNMENT
County Services. Weld County provides the full range of services contemplated by State Statute
and the Weld County Home Rule Charter. Services include:
• Judicial and public safety-consisting of the Sheriff, District Attorney, operation and maintenance
of the detention center, and building inspection.
• Health, employment, and social services.
• Planning and zoning.
• Construction, reconstruction and maintenance of streets, highways, and bridges.
• Parks and recreation.
• Property valuation, tax collection and distribution, and vehicle licensing.
• General administrative services.
County Operating Structure. Weld County became Colorado's first Home Rule County in 1976.
The County is governed by a five-member Board of County Commissioners. Three Commissioners
are elected by districts of relatively equal population and two Commissioners are elected at large.
They serve staggered four-year terms and function as the County's policymaking body. Each
Commissioner coordinates one of five functions of the County. The County is also served by four
other elected officials: assessor, clerk and recorder,district attorney,and sheriff. Weld County also
has a five-member, non-partisan, elected body that is charged to review all aspects of County
government and to make periodic written reports to the public. The Commissioners appoint
department heads to be responsible for the various day-to-day operations.
Budgeting. The County Commissioners annually adopt budgets by department for all
governmental and proprietary funds. Budgets are controlled by the major object categories of
Personnel, Operating Costs, and Capital allay. Control is maintained bythe three categories at
the division/department level in the General Fund and at the fund level in all other funds.
Supplemental appropriations are approved by the Board of County Commissioners as needed
during the year to provide for those items that were unknown or unforeseen at the time the budget
was originally adopted.
County Employment. Weld County government employs 1164 regular staff (those receiving
standard benefits) and 247 temporary and seasonal employees. Employees receive a
comprehensive compensation package, typical of municipal and county governments along the
Colorado front range. Benefits include paid leave, medical and dental insurance plans, a defined
benefit retirement plan, and a variety of other insurance and noninsurance benefits.
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Honorable Board of Commissioners
MAJOR INITIATIVES
For the Year. In 2006, the Board identified a number of significant program changes to enhance
service delivery to the citizens of Weld County. The following is a summary of significant program
changes and initiatives for 2006:
➢ Began construction of Phase III of the North Jail.
➢ Increased traffic enforcement in Weld County to reduce traffic fatalities.
➢ Coped with the continued growth and development in the County.
> Enhanced services at the Southwest Weld County Administration Buildirg.
> Implemented strategic transportation system to accommodate growth in County's
urbanized areas and use of the transportation impact fees.
> Assumed administration of Victim Advocates Program.
> Participated in the Juvenile Assessment Center opening in 2006.
> Identified technology uses to improve services and costeffectiveness of services.
> Enhanced public relations and communication efforts with constituents.
> Completed final phase of the 800 MHz radio system.
> Continued implementation of e-government strategy.
➢ Was in compliance with the Help America Vote Act (HAVA).
> Utilized voting centers in the 2006 primary and general elections.
> Constructed and opened Southeast Weld Administration Building.
> Constructed and opened Administrative Building for Computer Services and
Elections.
> Continued to develop plans for the County for bioterrorism and emergency
preparedness.
> Reinstated Juvenile Diversion Program in District Attorney's Office.
> Implemented a stormwater/drainage program in the County.
> Coped with growing inmate population.
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Honorable Board of Commissioners
FACTORS AFFECTING FINANCIAL CONDITION
Economic Conditions and Outlook. The Weld County and Colorado economies continue to
strengthen. Overall the state and local economies are faring well with stronger employment growth,
low unemployment, and low inflation. In the last year Upstate Colorado Economic Development
reported that 1327 new primary sector jobs were created along with 1955 other indirect jobs for a
total of 3282 jobs in Weld County. Employment is expected to grow 2.6% in 2007, and the
unemployment rate to stay below 5%. Inflation for Colorado is projected to be around 2.5% in 2007.
Weld County had one of the fastest growing rates of population growth in the US in 2005-2006. The
rate of growth is estimated to continue at a rate of 3% in 2007, especially in southwest Weld County.
Some housing growth has slowed in the Greeley area with higher mortgage interest rates.
The main risk for the Weld County economy is that the national economic recovery could stumble.
The risks are higher interest rates,energy prices, and the conflicts in the Mideast. Interest rates and
energy prices could especially impact consumer spending that has been the driver for the national
economy the last few years. The local and state economy could mirror any major shift in the
national economy either positive or negative. The federal deficit although still a problem has been
reduced some as the economy grows, and tax revenues increase.
The state and local government efforts to encourage business expansion and attraction of new
business appear to be effective for the state's economy and job market. Employment indicators also
point to a rebound and strengthening State economy.The energy industry is strong with high levels
of new exploration due to high energy prices. Manufacturing continues to grow in Colorado. Finally,
tourism is recovering from the dramatic drop caused by September 11th, and the recession.
Weld County's local economy is performing well. The diversity of the local economy away from
agriculture has made Weld County much more like the statewide economy and the metro-Denver
area. In the last year, Weld County has seen major expansions at Boulder Scientific, Golden
Aluminum, Swift, Cambium Learning, and TM Corporation. Owens-Illinois has opened a new bottle
manufacturing plant. In March of this year Vestas Wind Systems from Denmark announced that it
will locate its North American manufacturing headquarters in Windsor, Colorado to supply wind
blades for wind energy farms in all of Northern America. The firm will employee over 400 new
employees. In addition to these major projects, a number of small new and existing companies are
expanding in Weld County,especially in southwest Weld County. The level of capital investment in
Weld County for new facilities and facility expansions bodes well as an indicator of business
confidence in the region and should create an environment conducive to continues infrastructure
development.
For the Future. There are a number of future issues and concerns that will be impacting Weld
County in 2007 and in subsequent fiscal years. The continued growth of the County will remain an
issue in the coming years, especially as it relates to the ever-increasing demand for services. The
issue of growth raises problems of land use allocation, management of the growth, transportation
system development, and overall service capacity. As Weld County grows and changes there are
issues of quality of life, and the economic development to support the quality of life that the citizens
desire. Intergovernmental cooperation and coordination is critical as Weld County changes. This is
especially true as Weld County is called upon to provide more municipal type services,that can only
be provided functionally and in an equitable manner through metropolitan or special districts.
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Honorable Board of Commissioners
In the area of criminal justice and human services there are a number of emerging troubled areas.
The jail population growth is outstripping the county's ability to keep up with the increases,even with
the planned new jail expansion being accelerated by one year. Caseload for the Sheriff, District
Attorney,and courts is growing at rate that stresses the capacity of these areas. Health and human
service issues continue to present many demands with the new demographics of the county.
Leadership from the County Commissioners,other elected officials and department heads is critical
to come up with creative solutions to allocate the limited resources of the county to maximize service
delivery to the citizens of Weld County.
As the County grows and service levels increase, staffing requirements are correspondingly
impacted. Historically, Weld County has maintained a very low FTE/population ratio. During the
past several years,the workload has increased significantly in many departments. The staffing level
in some departments has not kept pace with the growth of the County. This strain is beginning to be
evident. Another area impacted by growth and staffing increases is the growing need for more
facilities to house and accommodate the increased service demands, especially in the southern
parts of the County. A new Southeast Weld County Services Center will open the last quarter of this
year, but already there is need for more space at the Southwest Weld County Service Center.
Another administration building was opened in April, 2006, to meet the needs in the Greeley area.
Court and jail facilities continue to put a high demand on capital resources in the County.
The transportation infrastructure requirements of the County continue to increase due to aging and
growth. The growth has put higher traffic counts onnearly every county road. The strategic road
plan has been developed for the major arterials, but all roads are stressed due to growth in volume.
The demand in this area will call for very creative solutions in the coming years to accommodate the
added traffic that will be generated.
Although the financial health of Weld County government is currently excellent, it is important to look
to the future issues, possible problems and alternative solutions to those problems. Besides the
traditional role of budgeting to responsibly manage available current year funding,there must be a
continued emphasis on long-term planning, recognition of the cumulative effects of individual
decisions, an awareness of changing realities,flexibility,citizen input in setting priorities, and a focus
of goals and objectives consistent with the core services philosophy and mission statement.
The State of Colorado was granted some fiscal relief from their financial problems with the passage
of Referendum C in 2005. With the added revenues from Referendum C the legislature acted very
responsibly in restoring many state and local program cuts, especially in the areas of health and
human services. The state funding that will flow to counties will provide much needed relief in the
health and human service programs.
The federal budget and deficit will place additional strain on the state's and local government
budgets. The federal government is not increasing, and is even reducing, funding in the domestic
program areas. Therefore, the solutions to the federal budget problems, as they impact Weld
County, will have to be solved locally. The awarding of federal grant dollars will be come more
competitive and will require Weld County to become more aggressive in pursuing federal grants.
In response to the growth and reduced federal assistance, Weld County must continue to take a
long-term view when examining the county's finances, and expand the horizon beyond just the
immediate issues facing the county. This will call for a continued thorough examination of all county
programs, and prioritization to show each program's place in the big picture of providing essential
services to the citizens of Weld County in the next five years and beyond.
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Honorable Board of Commissioners
Pension Trust Fund Operations. Weld County sponsors a defined benefit pension plan for its
employees. Each year,an independent actuary engaged by the pension plan calculates the amount
of the annual contribution that Weld County must make to the pension plan to ensure that the plan
will be able to fully meet its obligations to retired employees on a timely basis. As a matter of policy
Weld County fully funds each year's annual required contribution to the pension plan as determined
by the actuary. As a result of Weld County's conservative funding policy, Weld County has
succeeded as of December 31, 2006, in funding 76.0%percent of the present value of the projected
benefits earned by employees. The remaining unfunded amount is being systematically funded over
30 years as part of the annual required contribution calculated by theactuary.
Cash Management. Cash temporarily idle during the year was invested in time deposits ranging up
to 180 days to maturity. Interest earned on investments of cash held by the County Treasurer was
recorded as revenue in the General Fund, with the exception of interest attributed to the other
specified funds, and the interest earned on certain deposits held for other taxing authorities. The
amount of interest earned was $4,738,228 in 2006.
The County's investment policy is to minimize credit and market risks while maintaining a
competitive yield on its portfolio. Accordingly, deposits are either insured by federal depository
insurance or collateralized. All collateral on deposits was held either by the County, its agent or a
financial institution's trust department in the County's name. All investments held by the County
during the year and at December 31, 2006, are classified in the category of lowest credit risk as
defined by the Governmental Accounting Standards Board, except for mutual funds and investment
pools which cannot be categorized.
Risk Management. During 2006 Weld County continued to be a member of Colorado Counties
Casualty and Property Pool. The pool offers full safety and risk management programs to minimize
losses,together with 57 other Colorado counties. Effective January 1, 1992,Weld County became
self-insured under a State permit for workers' compensation.
AWARDS AND ACKNOWLEDGEMENTS
The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for
Excellence in Financial Reporting to the County for its Comprehensive Annual Financial Report for
the fiscal year ended December 31, 2005. This was the twenty-first year that the County has
received this prestigious award. In order to be awarded a Certificate of Achievement, the County
published an easily readable and efficiently organized Comprehensive Annual Financial Report.
This report satisfied both generally accepted accounting principles and applicable legal
requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current
Comprehensive Annual Financial Report continues to meet the Certificate of Achievement
Program's requirements and we are submitting it to the GFOA to determine its eligibility for another
certificate.
In addition, the County also received the GFOA's Award for Distinguished Budget Presentation for
its 2006 annual appropriated budget for the eighteenth consecutive year. In order to qualify for the
Distinguished Budget Presentation Award, the County's budget document was judged to be
proficient in several categories including policy documentation,financial planning, and organization.
7
Honorable Board of Commissioners
Financial reports are valuable in that they provide a permanent historical record of a governmental
agency's operation to the management and the general public. It is our belief that this is a
comprehensive report of the 2006 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, 2006. The preparation of this report could not be
accomplished without the efficient and dedicated services of the entire staff of the
Accounting/Finance Department. I should like to express my appreciation to all members of the
department who assisted and contributed to its preparation. I would also like to thank the members
of the Board of County Commissioners for their interest and support in planning and conducting
financial operations of the County in a responsible and progressive manner.
Respectfully submitted,
ly
Donald D. Warden, Director
Finance and Administration
8
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
County of Weld
Colorado
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 2005
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports(CAFRs)achieve the highest
standards in government accounting
and fmancial reporting.
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COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31, 2006
Board of County Commissioners
Mike Geile
Robert Masden
Glenn Vaad
David Long
William Jerke
County Clerk and Recorder
Steve Moreno
County Assessor
Stan Sessions
County Sheriff
John Cooke
Director of Finance&Administration
Donald D. Warden
Controller
Barbara Connolly
Treasurer
Don Mueller
11
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lURe
COLORADO
FINANCIAL
SECTION
XtiAs.
COLORADO
BONDI & Co. LL,
44 INVERNESS DRIVE EAST (303)799-6826 PHONE
EHO EWOOD,COLORADO 150112 CERTIFIED PUBLIC ACCOUNTANTS (800)250.9083 TOLL FREE
www.bondico.corn MANAGEMENT CONSULTANTS (303)799-6926 FAX
Board of County Commissioners
Weld County
Greeley, Colorado
Independent Auditors' Report
We have audited the accompanying financial statements of the governmental activities,
the business-type activities, the aggregate discretely presented component units, each
major fund, and the aggregate remaining fund information of Weld County, Colorado, as
of and for the year ended December 31, 2006, which collectively comprise Weld County's
basic financial statements as listed in the table of contents. These financial statements are
the responsibility of Weld County's management. Our responsibility is to express
opinions on these financial statements based on our audit. We did not audit the financial
statements of the Weld County Housing Authority, which represents 37 percent, 36
percent, and 66 percent, respectively, of the assets, net assets and revenues of the
discretely presented component units. Those financial statements were audited by other
auditors whose report thereon has been furnished to us, and our opinion, insofar as it
relates to the amounts included for the Weld County Housing Authority, is based on the
report of the other auditors.
We conducted our audit in accordance with auditing standards generally accepted in the
United States of America and the standards applicable to financial audits contained in
Government Auditing Standards, issued by the Comptroller General of the United States.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing the accounting principles
used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit and the report of other
auditors provide a reasonable basis for our opinions.
In our opinion, based on our audit and the report of other auditors, the financial
statements referred to above present fairly, in all material respects, the respective
financial position of the governmental activities, the business-type activities, the aggregate
discretely presented component units, each major fund, and the aggregate remaining fund
information of Weld County, Colorado, as of December 31, 2006, and the respective
changes in financial position and cash flows, where applicable, thereof for the year then
ended in conformity with accounting principles generally accepted in the United States of
America.
Affiliate Offices Worldwide
13
Board of County Commissioners
Weld County
In accordance with Government Auditing Standards, we have also issued our report dated
June 20, 2007 on our consideration of Weld County's internal control over financial
reporting and on our tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements and other matters. The purpose of that report is to
describe the scope of our testing of internal control over financial reporting and
compliance and the results of that testing, and not to provide an opinion on the internal
control over financial reporting or on compliance. That report is an integral part of an
audit performed in accordance with Government Auditing Standards and should be
considered in assessing the results of our audit.
Management's Discussion and Analysis on pages 15 through 24, the schedule of pension
funding progress and employer contributions, the condition assessments of infrastructure,
and the budgetary comparison schedules on pages 67 through 79 are not a required part
of the bask financial statements but are supplementary information required by the
Governmental Accounting Standards Board. We have applied certain limited procedures,
which consisted principally of inquiries of management regarding the methods of
measurement and presentation of the required supplementary information. However, we
did not audit the information and express no opinion on it.
Our audit was conducted for the purpose of forming opinions on the financial statements
that collectively comprise Weld County, Colorado's basic financial statements. The
introductory section, combining and individual nonmajor fund financial statements, Local
Highway Finance Report, schedule of expenditures of federal awards, and statistical
tables are presented for purposes of additional analysis and are not a required part of the
basic financial statements. The combining and individual nonmajor fund financial
statements, Local Highway Finance Report, the budgetary comparison information, and
the schedule of expenditures of federal awards have been subjected to the auditing
procedures applied in the audit of the basic financial statements. Such information,
except for the data included in the financial statements of the Weld County Housing
Authority, which financial statements have been audited by other auditors and their
report thereon provided to us, is, in our opinion, fairly stated in all material respects in
relation to the basic financial statements taken as a whole. The introductory section and
statistical tables have not been subjected to the auditing procedures applied in the audit of
the basic financial statements, and accordingly, we express no opinion on them.
Ante&eat
June 20, 2007 BONDI& Co. ac
14
MANAGEMENT'S DISCUSSION AND ANALYSIS
This section of the report provides readers with a narrative overview and analysis of the financial
activities of Weld County for the fiscal year ended December 31, 2006. We encourage readers to
consider the information presented here in conjunction with the letter of transmittal and basic
financial statements to enhance their understanding of the County's financial performance.
FINANCIAL HIGHLIGHTS
• Weld County's assets exceeded liabilities by$294.8 million at the end of 2006. Of this amount,
$50.7 million may be used to meet the government's ongoing obligations to citizens and
creditors. The remaining $244.1 million is invested in capital assets or restricted by law.
• The County's General Fund balance was $11.6 million as of December 31, 2006. Of this
amount, $1 million is reserved for emergencies, advances, and encumbrances.
• The 2006 General Fund balance is$2.4 million higher than in the previous year. The total fund
balance is 16% of 2006 General Fund operating expenditures plus net operating transfers. The
County Commissioners' goal is to keep fund balance at no less than 5%. The Board has not
budgeted any expenditures from fund balance in 2007.
OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as an introduction to the County's basic financial
statements.The basic financial statements contain three components: 1)government-wide financial
statements, 2)fund financial statements, and 3)notes to the financial statements. In addition to the
basic statements, this report also contains other supplementary information including combining
statements for non-major funds, a statistical section, and information regarding federal grant
programs.
Government-wide Financial Statements.The government-wide financial statements are designed
to provide readers with a broad overview of the County's finances in a manner similar to a private
sector business.
The statement of net assets presents information on all of the County's assets and liabilities, with
the difference between the two reported as net assets. Over time, increases or decreases in net
assets may serve as a useful indicator of whether the County's financial position is improving or
deteriorating.
The statement of activities presents information showing how the government's net assets changed
during the fiscal year.All changes in net assets are reported as soon as the underlying event giving
rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and
expenses are reported in the statement for some items that will only result in cash flows in future
fiscal periods (e.g., uncollected taxes).
Both of the government-wide financial statements distinguish functions of the County that are
principally supported by taxes and intergovernmental revenues(governmental activities)from other
functions that are intended to recover all or a significant portion of their costs through user fees and
charges (business-type activities). Weld County's governmental activities include general
government, public safety, roads and bridges, auxiliary, culture and recreation, and health and
human services.The County has one business type activity—operation of the paramedic services.
15
The government-wide financial statements include not only Weld County itself (known as the
primary government), but also legally separate entities which have a significant operational or
financial relationship with the County. These entities, known as blended component units, include
local improvement districts, Finance Corporation,Weld County Retirement Plan,and Beebe Draw
Law Enforcement Authority. Discretely presented component units are Housing Authority and E-
911 Emergency. More information on the functions of these entities can be found in Note 1 to the
financial statements.
Fund financial statements. A fund is a grouping of related accounts that is used to maintain
control over resources that have been segregated for specific activities or objectives.Weld County,
like other state and local governments, uses fund accounting to ensure and demonstrate
compliance with finance-related legal requirements.All of the funds of Weld County can be divided
into three categories: governmental funds, proprietary funds, and fiduciary funds.
Governmental Funds. Governmental funds are used to account for essentially the same functions
reported as governmental activities in the government-wide financial statements. However, unlike
the government-wide financial statements, governmental fund financial statements focus on near-
term inflows and outflows of spendable resources, as well as on balances of spendable resources
available at the end of the fiscal year. Such information may be useful in evaluating a government's
near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial
statements, it is useful to compare the information presented for governmental funds with similar
information presented for governmental activities in the government-wide financial statements. By
doing so, readers may better understand the long-term impact of the government's near-term
financing decisions. Both the governmental fund balance sheet and the governmental fund
statement of revenues, expenditures, and changes in fund balances provide a reconciliation to
facilitate this comparison between governmental funds and governmental activities.
Weld County maintains ten individual governmental funds. Information is presented separately in
the governmental funds balance sheet and in the governmental funds statement of revenues,
expenditures, and changes in fund balances for the General Fund, Public Works Fund, Social
Services Fund, Human Services Fund, and Capital Expenditures Fund, all of which are considered
to be major funds. Data from the other five funds are combined into a single, aggregated
presentation. Individual fund data for each of these non-major funds is provided in the form of
combining statements elsewhere in this report.
The basic governmental fund financial statements can be found on pages 25 through 34 of this
report.
Proprietary funds. Weld County maintains two different types of proprietary funds. Enterprise
funds are used to report the same functions presented as business-type activities in the
government-wide financial statements. Weld County has one enterprise fund, the Paramedic
Services Fund. Internal service funds are an accounting device used to accumulate and allocate
costs internally among the County's various functions. Weld County uses internal service funds to
account for its fleet maintenance, phone services,finance corporation, and self-insurance activities.
Because these services predominantly benefit governmental rather than business-type functions,
they have been mostly included within governmental activities in the government-wide financial
statements.
Proprietary funds provide the same type of information as the government-wide financial
statements, only in more detail. The proprietary fund financial statements provide separate
information for the Paramedic Services Fund,which is considered to be a major fund of the County.
16
The remaining proprietary funds, all of which are internal service funds, are combined into a single,
aggregated presentation in the proprietary fund financial statements. Individual fund data for each
of these non-major funds is provided in the form of combining statements elsewhere in this report.
The basic proprietary fund financial statements can be found on pages 35 through 37 of this report.
Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties
outside the government. Fiduciary funds are not included in the government-wide financial
statements because the resources of these funds are not available to support Weld County's own
operations. The accounting used for fiduciary funds is much like that used for proprietary funds.
The basic fiduciary fund financial statements can be found on page 38 through 39.
Budgetary Comparisons.Weld County adopts an annual appropriated budget for all of its funds.A
budgetary comparison statement has been provided for all major funds on pages 69 to 79 of this
report. Budget to actual comparisons for each of the non-major funds are provided in other
schedules elsewhere in this report.
Notes to the financial statements. The notes provide additional information that is essential to a
full understanding of the data provided in the government-wide and fund financial statements.The
notes to the financial statements can be found on pages 40 through 65 of this report.
Other information. The combining statements referred to earlier in connection with non-major
governmental funds and internal service funds are presented following the notes to the financial
statements and can be found on pages 86 through 96 and 102 through 114 respectively.
17
COUNTY-WIDE FINANCIAL ANALYSIS
Net Assets. As noted earlier, net assets may serve over time as a useful indicator of a
government's financial position. As of December 31, 2006, assets exceeded liabilities by $291.9
million.
The following table provides a summary of the County's governmental and business-type net assets
for 2005 and 2006.
Table 1
Net Assets
(in Millions)
Governmental Activities Business-type Activities Total
2005 2006 2005 2006 2005 2006
Assets
Current and other assets $131.42 $148.46 $1.83 $2.44 $133.25 $150.90
Capital assets 237.26 239.20 .81 .85 238.07 240.05
Total assets $368.68 $387.66 $2.64 $3.29 $371.32 $390.95
Liabilities
Current and other liabilities $ 79.74 $ 88.66 $ .32 $ .32 $79.64 $88.98
Long-term liabilities 7.44 7.12 .00 .00 7.86 7.12
Total liabilities $ 87.18 $95.78 $ .32 $ .32 $87.50 $96.10
Net Assets
Invested in capital assets,
of related debt $231.27 $233.63 $ .81 $ .85 $232.08 $234.48
Restricted 10.45 9.70 .00 .00 10.45 9.70
Unrestricted 39.78 48.55 1.51 2.12 41.29 50.67
Total net assets $281.50 $291.88 $2.32 $2.97 $283.82 $294.85
A significant portion of Weld County's net assets (17.2%) represents unrestricted net assets of
$50.67 million, which may be used to meet the County's ongoing obligations to citizens and
creditors.
Another significant portion of the County's net assets (79.5%) reflects its investment in capital
assets. These assets include land, buildings, machinery, equipment and infrastructure. These
capital assets are used to provide services to citizens; consequently, they are not available for
future spending. Although the investment in capital assets is reported net of related debt, it should
be noted that the resources needed to repay this debt must be provided from other sources since
the capital assets themselves cannot be used to liquidate these liabilities. The only debt is the
certificate of participation for the jail. Weld County has no other debt.
18
An additional$9.7 million of the County's net assets(3.3%)represents resources that are subject to
external restrictions on how they may be used. Included in this category are the TABOR
emergency reserve of$4.0 million and $1.75 million in reserves for insurance claims.
At the end of 2006 Weld County had positive balances in all three categories of net assets, both for
the government as a whole, as well as for its separate governmental and business-type activities.
Changes in Net Assets. Governmental and Business-type activities increased the County's net
assets by $11.3 million in 2006. The following table indicates the changes in net assets for
governmental and business-type activities in 2005 and 2006.
Table 2
Changes in Net Assets
(in Millions)
Governmental Activities Business-type Activities Total
2005 2006 2005 2006 2005 2006
Revenues
Program revenues:
Charges for services $33.80 $39.15 $7.83 $7.71 $41.63 $46.86
Operating grants and contributions 27.89 30.05 0.00 0.09 27.89 30.14
Capital grants and contributions 0.00 0.00 0.00 .01 0.00 .01
General revenues:
Property taxes 56.38 62.12 0.00 0.00 56.38 62.12
Other taxes 10.36 11.88 0.00 0.00 10.36 11.88
Other revenues 3.04 3.25 0.00 0.00 3.04 3.25
Total revenues $131.47 $146.45 $7.83 $7.81 $139.30 $154.26
Expenses
General government $ 23.05 $ 26.64 $0.00 $0.00 $23.05 $26.64
Public safety 30.45 32.56 0.00 0.00 30.43 32.56
Streets and highways 36.92 37.07 0.00 0.00 36.92 37.07
Culture and recreation .77 1.55 0.00 0.00 .77 1.55
Health 8 Welfare 24.84 26.18 0.00 0.00 24.84 26.18
Interest on long-term debt .34 .32 0.00 0.00 .34 .32
Economic Assist 13.74 11.75 0.00 0.00 13.74 11.75
Paramedic services 0.00 0.00 6.37 7.16 6.37 7.16
Total expenses $130.11 $136.07 $6.37 $7.16 $136.46 $143.23
Increase(decrease)in net assets 1.36 10.38 1.46 .65 2.84 11.03
Net Assets 1/1/06 280.13 281.49 .86 2.32 280.99 283.81
Net Assets 12/31/06 $281.49 $291.87 $2.32 $2.97 $283.81 $294.84
Governmental Activities. Governmental activities increased Weld County's net assets by $10.38
million in 2006. Key elements of this increase are as follows:
• Total revenues were $146.45 million, up 11.4% from the prior year, primarily due to property
taxes ($5.74 million) and charges for services ($5.3 million).
19
• Expenses totaled $136.07 million. This represents a 4.6% increase over the previous year.
Increases occurred in most categories due to normal wage and inflation costs, road projects
and costs of providing an increased volume of services to a growing citizen base.
Business-Type Activities. The County's only business-type activity, Paramedic Services, increased
net assets in 2006 by $.65 million.
FINANCIAL ANALYSIS OF THE COUNTY'S FUNDS
As noted earlier, Weld County uses fund accounting to ensure and demonstrate compliance with
finance-related legal requirements.
Governmental Funds Overview. The focus of County governmental funds is to provide information
on near-term inflows, outflows, and balances of spendable resources. Such information is useful in
assessing the County's financing requirements. In particular, unreserved fund balance may serve
as a useful measure of a government's net resources available for spending at the end of the fiscal
year.
As of the end of 2006, the combined ending fund balances of County governmental funds was
$55.88 million. Approximately 64%of this consists of unreserved fund balance,which is available
as working capital and for current spending in accordance with the purposes of the specific funds.
The remainder of fund balance is reserved to indicate that it is not available for new spending
because it is committed for the following purposes: 1) encumbrances ($14.2 million); 2) a state-
constitution mandated emergency reserve ($4.0 million); 3)an advance to the Paramedic Services
($585,000); and 4) prepaid expenses and inventory ($1.1 million).
The County has five major governmental funds. These are 1)General Fund; 2)Public Works Fund;
3) Social Services Fund; 4) Human Services Fund; 5) the Capital Expenditure Fund.
1. General Fund. This is the primary operating fund of the Weld County Government. It
accounts for many of the County's core services, such as law enforcement, planning, and
elections. The general fund balance was $11.6 million as of December 31, 2006. Of this
amount, $585,000 is reserved for advances. The 2006 fund balance is $2.4 million higher
than the previous year due to the oil and gas mineral leasing revenues, building permits,
and unanticipated earnings on investments from higher interest rates in 2006. As a
measure of the general fund's liquidity, it may be useful to compare both unreserved fund
balance and total fund balance to total fund expenditures. Unreserved fund balance
represents 17% of total 2006 expenditures, while total fund balance is 18.7% of the same
amount.
2. Public Works Fund. The Public Works Fund is also state mandated. The fund records
costs related to County road and bridge construction and maintenance. The Public Works
Fund had $19.4 million in fund balance at the end of 2006. This amount was $3.6 million
more than the previous year. 2006 expenditures for road projects were less than budgeted
due to delaying the start of the Weld County Road 13 project.
3. Social Services Fund. The Social Services Fund is mandated by State Statute. This fund
accounts for the local share of many Federal and State public welfare programs. The fund
carried a $3.1 million balance at the end of 2006 which is 1% more than 2005. The county
received higher state allocations and thus revenues for TANF and child welfare.
4. Human Services Fund. The Human Services Fund accounts for various Federal and State
human services grants. Primary funding agencies are DOL, HHS, and CSA. The increase
20
in expenditures for 2006 was primarily attributed to Headstart, Job Services, TANF, and
Work Force incentive.
5. Capital Expenditure Fund. The Capital Expenditure Fund accounts for the construction of
major capital facilities. These are the Island Grove Regional Park parking lot improvements,
completion of the Southeast Weld Service Center and the office building for Information
Services and elections. The$18 million jail expansion project was started in 2006 and will
be completed in 2007. The fund balance reduction was totally attributed to funding the new
jail expansion project as planned. The encumbrances at year end are for the jail expansion
project and the addition of the offices for Social Services at the Southeast Weld Service
Center.
Proprietary Funds Overview
The County's proprietary fund statements provide the same information found in the government-
wide statements, but in more detail.
The County has one enterprise-type fund, The Paramedic Services Fund. Unrestricted net assets
of the fund at the end of the year amounted to$(2.1 million). The total increase in net assets for the
fund was $.5 million. Other factors concerning the finances of this fund was discussed under
business-type activities.
Weld County has five internal service funds. Information on these funds is aggregated in the
Proprietary Fund financial statements.
GENERAL FUND BUDGETARY HIGHLIGHTS
Comparison of Unreserved Fund Balances as of December 31, 2005 and 2006
18
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General Fund Public Works Social Human Capital Other Govt.
Services Services Projects Funds
The County's budget is prepared according to Colorado statutes. The most significant budgeted
fund is the General Fund.
In December of 2005, the Board of County Commissioners appropriated $60.4 million for general
fund expenditures and other financing uses.
21
Table 3
2006 General Fund Budget
(in Millions)
Original Budget Amendments Final Budget Actual
Revenue and other financing sources $ 61.1 $ 8.5 $ 69.6 $ 72.9
Expenditures and other financing uses $ 60.4 $ 10.9 $ 71.3 $ 70.4
During 2006 mid-year budget amendments included:
• $7.5 million in transfers and fund balance for jail expansion project
• $0.75 million for Island Grove Park improvements
• $1.3 million carry over re-appropriation for election equipment
• $0.3 million for new District Attorney staff
• $0.22 million for jail overtime
• $0.4 million for furniture and equipment for new buildings
• Reduced Public Health Department subsidy by $1.5 million
• $1.5 million for Motor Pool equipment from Energy Impact Grant
• $0.17 million for phone equipment
• Supplementals were made for all departments with vehicles for increased fuel costs.
The increase was possible because of additional unanticipated revenues. Those revenues include
oil and gas mineral leasing ($1.8 million), interest earnings ($.5 million), and building permits ($.7
million).
CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets. Weld County's investment in capital assets for its governmental and business type
activities as of December 31, 2006 totals $240.1 million (net of accumulated depreciation). This
• investment includes all land, buildings, machinery, equipment, and infrastructure. The total
increase in investment in capital assets for the current fiscal year was 1%.
Major capital asset events during the current fiscal year including the following:
• Road construction or major improvements totaling $2.1 million.
• Completed parking lot improvements at Island Grove Regional Park for$.75 million
22
• Began the construction of a 375 bed jail expansion at an estimated cost of$18 million
• Completed the Southeast Weld County Service Center for$3.86 million and started an addition
for Social Services at the same location for$.8 million
• Completed the administrative offices for Information Services and Elections at a cost of$2.13
million
The County implemented the "depreciation method" under GASB 34 for its road and bridge
infrastructure assets, except for the gravel roads, where the "modified approach" was used. The
County's policy is to maintain gravel roads at a condition of fair or better. This level of condition is
being maintained consistently on over 98% of miles of road.
Additional information on the County's capital assets can be found in Note 6 of this report.
Construction commitments are discussed in Note 11.
Long-term Debt. At December 31, 2006, Weld County had only the outstanding long-term debt
(principal amount)of$5.57 million in Certificates of Participation (COP),funded by lease payments
for the county jail.
The Weld County Home Rule Charter provides for a general obligation debt limit of 3%of assessed
valuation. The county had a general obligation debt capacity of$126.1 million in 2006. The county
currently has no debt subject to the limitation. No new debt was issued in 2006.
Additional information on Weld County's debt can be found in Note 9.
Other Matters. The following factors are expected to have a significant effect on the County's
financial position or results of operations and were taken into account in developing the 2006
budget.
• Construction of Phase III of the North Jail.
• Increased traffic enforcement in Weld County to reduce traffic fatalities.
• Cope with the continued growth and development in the County.
• Enhance services at the Southwest Weld County Administration Building.
• Implement strategic transportation system to accommodate growth in County's urbanized areas
and use of the transportation impact fees.
• Assume administration of Victim Advocates Program.
• Participate in the Juvenile Assessment Center opening in 2006.
• Identify technology uses to improve services and cost-effectiveness of services.
• Enhance public relations and communication efforts with constituents.
• Complete final phase of the 800 MHZ radio system.
• Continue implementation of e-government strategy.
23
• Be in compliance with the Help America Vote Act (HAVA).
• Utilize voting centers in the 2006 primary and general elections.
• Continue to explore revenue and operational options to keep the Paramedic Services a viable
and affordable service to the citizens.
• Construct and open Southeast Weld Administration Building.
• Construct and open Administrative Building for Computer Services and Elections.
• Continue implementation of CBMS system in Social Services.
• Monitor West Nile Virus, but no spraying.
• Continue to develop plans for the County for bioterrorism and emergency preparedness.
• Reinstate Juvenile Diversion Program in District Attorney's Office.
• Implement a stormwater/drainage program in the County.
• Cope with growing inmate population.
REQUESTS FOR INFORMATION
This financial report is designed to provide a general overview of Weld County's finances for all
those with an interest in the government's finances. Questions concerning any of the information
provided in this or for additional financial information should be addressed to the Director of Finance
and Administration, 915 10th Street, Greeley, CO 80631.
24
BASIC
FINANCIAL
STATEMENTS
Cit
lURe.
COLORADO
COUNTY OF WELD
STATE OF COLORADO
Statement of Net Assets
December 31, 2006
Primary Government Component Units
Governmental Business-type Housing E-911
Activities Activities Total Authority Authority
ASSETS
Cash and cash equivalents $ 66,862,515 $ 171,905 $ 67,034,420 $ 1,280,067 $ 2,860,758
Property taxes receivable 70,594,783 - 70,594,783 - -
Receivables(net of allowance for
uncollectibles) 2,183,567 2,519,244 4,702,811 828,942 -
Due from other governments 3,064,212 - 3,064,212 - -
Internal balance 262,132 (262,132) - - -
Inventories 1,446,495 - 1,446,495 - -
Other assets 86,202 5,210 91,412 1,855 179
Restricted assets:
Cash and cash equivalents 4,038,450 - 4,038,450 - -
Capital assets,net(Note 6) 239,199,820 852,705 240,052,525 13,323 746,233
Total assets 387,738,176 3,286,932 391,025,108 2,124,187 3,607,170
LIABILITIES
Accounts payable and other current liabilities 9,500,243 33,213 9,533,456 31,101 71,776
Accrued liabilities 3,404,410 282,937 3,687,347 1,260 -
Due to other governments 7,658 - 7,658 - -
Unearned revenue 75,276,850 - 75,276,850 58,362 -
Other liabilities 22,255 - 22,255 - -
Long-term liabilities:
Due within one year:
Certificates of participation 440,000 - 440,000 - -
Compensated absences 88,423 - 88,423 30,688 -
Due in more than one year:
Certificates of participation 5,133,540 - 5,133,540 .. -
Compensated absences 1,990,290 - 1,990,290 - -
Total liabilities 95,863,669 316,150 96,179,819 121,411 71,776
NET ASSETS
Invested in capital assets,net of related debt 233,626,280 852,705 234,478,985 13,323 746,233
Restricted for:
Programs 3,953,450 - 3,953,450 - -
Emergencies 4,000,000 - 4,000,000 - -
Claims(Note 7) 1,748,951 - 1,748,951 - -
Unrestricted 48,545,826 2,118,077 50,663,903 1,989,453 2,789,161
Total net assets $ 291,874,507 $ 2,970,782 $ 294,845,289 $ 2,002,776 $ 3,535,394
See accompanying notes to the basic financial statements
25
COUNTY OF WELD
STATE OF COLORADO
Statement of Activities
Year Ended December 31, 2006
Program Revenues
Operating Capital
Charges for Grants and Grants and
Expenses Services Contributions Contributions
Primary government:
Governmental activities:
General government $ 26,641,373 $ 12,265,623 $ 2,982,627 $ -
Public safety 32,562,998 6,378,749 2,871,421 -
Streets and highways 37,068,628 4,023,310 9,813,724 -
Healthandwelfare 26,179,807 14,949,936 3,156,604 -
Culture and recreation 1,549,379 345,990 453,233 -
Economic assistance 12,944,150 1,186,129 11,964,541 -
Interest on long-term debt 322,293 - - -
Total governmental activities 137,268,628 39,149,737 31,242,150 -
Business-type activities:
Paramedic service 7,156,700 7,710,848 86,922 11,746
Total primary government $ 144,425,328 $ 46,860,585 $ 31,329,072 $ 11,746
Component units:
Housing Authority $ 2,910,884 $ 40,415 $ 2,964,276 $ -
E-911 Authority 978,164 1,539,651 - -
Total component units $ 3,889,048 $ 1,580,066 $ 2,964,276 $ -
GENERAL REVENUES
Taxes:
Property taxes
Specific Ownership
Other
Grants and contributions not restricted to specific programs
Unrestricted investment earnings
Donated capital assets
Transfers
Total general revenues
Change in net assets
Net assets-beginning
Net assets-ending
See accompanying notes to the basic financial statements
26
Net(Expenses)Revenues and
Changes in Net Assets
Primary Government Component Units
Governmental Business-type Housing E-911
Activities Activities Total Authority Authority
$ (11,393,123) $ - S (11,393,123) $ - $ -
(23,312,828) - (23,312,828) - -
(23,231,594) - (23,231,594) - -
(8,073,267) - (8,073,267) - -
(750,156) - (750,156) - -
206,520 - 206,520 - -
(322,293) - (322,293) - -
(66,876,741) - (66,876,741) - -
652,816 652,816 - -
$ (66,876,741) $ 652,816 $ (66,223,925) $ - $ -
$ - $ - $ - $ 93,807 $ -
- - - - 561,487
$ - $ - $ - $ 93,807 $ 561,487
62,124,792 - 62,124,792 - -
6,614,819 - 6,614,819 - -
5,266,786 - 5,266,786 - -
4,539,172 - 4,539,172 - -
7,602 - 7,602 - -
(1,300,000) - (1,300,000) - -
77,253,171 - 77,253,171 - -
10,376,430 652,816 11,029,246 93,807 561,487
281,498,077 2,317,966 283,816,043 1,908,969 2,973,907
$ 291,874,507 $ 2,970,782 $ 294,845,289 $ 2,002,776 $ 3,535,394
27
COUNTY OF WELD
STATE OF COLORADO
Governmental Funds
Balance Sheet
December 31, 2006
Public Works Social Services
General Fund Fund Fund
ASSETS
Cash and short-term investments $ 17,298,846 $ 18,872,934 $ 6,069,769
Receivables (net of allowance for uncollectibles):
Current property taxes 48,168,974 6,993,561 5,591,096
Delinquent property taxes 92,612 13,195 11,565
Accounts 758,675 164,327 57,292
Special assessment - 72,820 -
Due from other County funds 298,179 485,310 -
Due from other governments 433,321 - 960,288
Advances to other funds 585,000 - -
Inventories 108,402 950,125 -
Other assets 56,882 - -
Total Assets $ 67,800,891 $ 27,552,272 $ 12,690,010
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 6,087,233 $ 339,580 $ 138,733
Accrued liabilities 1,385,461 360,570 131,928
Other liabilities - - 22,255
Due to other County funds 50,733 378,683 808,798
Due to other governments - - 7,658
Deferred revenue 48,374,834 7,083,600 8,508,980
Unexpended grant revenue 325,965 - -
Total Liabilities 56,224,226 8,162,433 9,618,352
Fund Balances:
Reserved for encumbrances 195,789 2,265,521 -
Reserved for advances to other funds 585,000 - -
Reserved for other assets 56,882 - -
Reserved for inventories 108,402 950,125 -
Reserved for emergency - - -
Unreserved:
General Fund 10,630,592 - -
Special Revenue Funds - 16,174,193 3,071,658
Capital Project Fund - - -
Total Fund Balances 11,576,665 19,389,839 3,071,658
Total Liabilities and Fund Balances $ 67,800,891 $ 27,552,272 $ 12,690,010
See accompanying notes to the basic financial statements
28
Capital Other Total
Human Services Expenditures Governmental Governmental
Fund Fund Funds Funds
$ - $ 13,652,755 $ 8,740,192 $ 64,634,496
5,865,655 2,595,865 69,215,151
9,634 2,851 129,857
42,008 - 1,016,225 2,038,527
- - - 72,820
379,524 - - 1,163,013
1,670,603 - - 3,064,212
-
-
585,000
357,283 - 11,476 1,427,286
1,778 - 12,250 70,910
$ 2,451,196 $ 19,528,044 $ 12,378,859 $ 142,401,272
$ 546,570 $ 1,912,863 $ 148,731 $ 9,173,710
501,065 - 199,634 2,578,658
-
-
22,255
33,871 - 108,658 1,380,743
-
- -
7,658
412,032 5,884,633 2,675,340 72,939,419
95,959 - - 421,924
1,589,497 7,797,496 3,132,363 86,524,367
19,255 11,730,548 28,051 14,239,164
- -
-
585,000
1,778 - 12,250 70,910
- -
11,476 1,070,003
-
4,000,000 4,000,000
-
-
10,630,592
840,666 - 5,194,719 25,281,236
861,699 11,730,548 9,246,496 55,876,905
$ 2,451,196 $ 19,528,044 $ 12,378,859 $ 142,401,272
29
COUNTY OF WELD
STATE OF COLORADO
Reconciliation of Total Governmental Fund Balances To Statement of Net Assets
December 31, 2006
Total governmental fund balances $ 55,876,905
Amounts reported for governmental activities in the statement of activities are different because:
Capital assets used in governmental activities are not financial resources
and therefore are not reported in the funds 220,490,344
Long-term liabilities, including bonds payable and compensated absences,
are not due and payable in the current period and therefore are not reported
in the funds
Compensated absences (2,078,713)
Internal service funds are used by mangement to charge the costs of
insurance and other services to individual funds. The assets and liabilities
of the internal service funds are included in governmental activities in the
statement of net assets 17,908,193
Internal services used by Enterprise Fund (322,222)
Net assets of governmental activities $291,874,507
See accompanying notes to the basic financial statements
30
41trI
WUDC
COLORADO
COUNTY OF WELD
STATE OF COLORADO
Statement of Revenues, Expenditures and Changes in Fund Balance
Governmental Funds
Year Ended December 31, 2006
Public Works Social
General Fund Fund Services Fund
REVENUES:
Taxes $ 43,487,213 $ 13,256,649 $ 5,563,102
Licenses and permits 2,822,019 366,335 -
Intergovernmental 4,857,254 10,812,629 13,521,428
Fines and forfeitures 128,158 - -
Charges for services 3,401,287 1,186,687 -
Miscellaneous 10,912,304 1,764,962 5
Fees 7,266,357 890,913 -
Total Revenues 72,874,592 28,278,175 19,084,535
EXPENDITURES:
Current:
General government 25,366,204 - -
Public Safety 31,122,277 - -
Public Works 1,667,522 24,647,634 -
Public health and welfare 398,372 - 18,771,595
Culture and recreation 898,091 - -
Economic assistance - - -
Capital outlay 2,055,803 6,094 42,639
Debt Service 322,293 - -
Total Expenditures 61,830,562 24,653,728 18,814,234
Excess of Revenues Over (Under) Expenditures 11,044,030 3,624,447 270,301
Other Financing Sources (Uses):
Transfers - in - - -
Transfers - out 8,602,470 - -
Total Other Financing Sources (Uses) (8,602,470) - -
Net Changes in Fund Balance 2,441,560 3,624,447 270,301
Fund Balances at Beginning of Year 9,135,105 15,765,392 2,801,357
Fund Balance at End of Year $ 11,576,665 $ 19,389,839 $ 3,071,658
See accompanying notes to the basic financial statements
32
Capital Other Total
Human Expenditures Governmental Governmental
Services Fund Fund Funds Funds
$ - $ 5,560,007 $ 1,311,210 $ 69,178,181
- - - 3,188,354
11,951,858 1,547,500 3,488,115 46,178,784
-
7,750 135,908
997,919 - 2,646,320 8,232,213
200,893 460,427 39,007 13,377,598
444,809 - 8,602,079
13,150,670 8,012,743 7,492,402 148,893,117
- 25,366,204
- -
759,150 31,881,427
- - - 26,315,156
6,823,995 25,993,962
- -
652,838 1,550,929
12,942,449 - - 12,942,449
12,847,491 28,622 14,980,649
- - - 322,293
12,942,449 12,847,491 8,264,605 139,353,069
208,221 (4,834,748) (772,203) 9,540,048
12,351 9,500,000 1,797,496 11,309,847
- -
4,007,377 12,609,847
12,351 9,500,000 (2,209,881) (1,300,000)
220,572 4,665,252 (2,982,084) 8,240,048
641,127 7,065,296 12,228,580 47,636,857
$ 861,699 $ 11,730,548 $ 9,246,496 $ 55,876,905
33
COUNTY OF WELD
STATE OF COLORADO
Reconciliation of the Statement of Revenues, Expenditures, and Changes in
Fund Balances of Governmental Funds to the Statement of Activities
Year Ended December 31, 2006
Net changes in fund balances-total governmental funds $ 8,240,048
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlays as expenditures. However, in the
statement of activities the cost of those assets is allocated over their estimated
useful lives and reported as depreciation expense. This is the amount by which
capital outlays exceeded depreciation in the current period.
Capital asset additions 19,492,417
Depreciation expense (19,578,649)
Excess of depreciation over capital outlay (86,232)
Some expenses reported in the Statement of Activities do not require the use of
current financial resources and therefore are not reported as expenditures in
governmental funds.
Compensated absences (128,452)
Internal service funds are used by mangement to charge the costs of certain
activities, such as insurance,telecommunications and fleet services,to
individual funds. The net revenue (expense)of certain internal service funds is
reported with governmental activities. 2,481,212
Internal services used by Enterprise Funds (130,146)
Change in assets of governmental activities $ 10,376,430
See accompanying notes to the basic financial statements
34
COUNTY OF WELD
STATE OF COLORADO
Statement of Net Assets
Proprietary Funds
December 31,2006
Business-type Governmental
Activity Activities
Paramedic
Enterprise Internal
Fund Service Funds
ASSETS
Cash and short-term investments $ 171,905 $ 6,266,469
Property taxes receivable - 1,249,775
Receivables(net of allowance for uncollectibles):
Accounts 2,519,244 72,220
Due from other County funds 709 228,941
Inventory - 19,209
Other assets 5,210 15,292
Total Current Assets 2,697,068 7,851,906
Capital Assets:
Land 48,496 -
Improvements other than buildings 55,728 485,897
Buildings 656,305 8,975,977
Machinery and equipment 865,002 28,603,822
Accumulated depreciation (772,826) (19,356,220)
Total Capital Assets 852,705 18,709,476
Total Assets 3,549,773 26,561,382
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts payable 33,213 326,533
Accrued liabilities 282,937 825,752
Due to other County funds 63 11,857
Deferred revenue - 1,915,507
Due within one year - 440,000
Advances from general fund 585,000 -
Total Current Liabilities 901,213 3,519,649
Noncurrent liabilities:
Due in more than one year - 5,133,540
Total noncurrent liabilities - 5,133,540
Total liabilities 901,213 8,653,189
Net Assets
Invested in capital assets,net of related debt 852,705 13,135,936
Restricted for:
Workers'compensation - 465,826
Unrestricted 1,795,855 4,306,431
Total net assets $ 2,648,560 $ 17,908,193
Some amounts reported for business-type activities in the
statement of net assets are different because certain
internal service fund assets and liabilites are included
with business-type activities. (322,222)
Net assets of business-type activities $ 2,970,782
See accompanying notes to the basic financial statements
35
COUNTY OF WELD
STATE OF COLORADO
Statement of Revenue, Expenses and
Changes in Net Assets
Proprietary Funds
For the fiscal year ended December 31,2006
Business-type Governmental
Activity Activities
Paramedic
Enterprise Internal
Fund Service Funds
Operating revenues:
Contributions $ - $ 7,423,303
Charges for services 7,696,992 7,090,656
Total operating revenues 7,696,992 14,513,959
Operating expenses:
Bad debt expense 2,526,967 -
Personnel services 3,556,083 130,218
Supplies 269,234 2,046,082
Purchased services 633,776 2,652,406
Insurance and bonds - 438,558
Depreciation 185,558 2,616,687
Other 115,228 287,597
Claims - 7,839,538
Total operating expenses 7,286,846 16,011,086
Operating income(loss) 410,146 (1,497,127)
Nonoperating revenues(expenses):
Taxes - 997,179
Miscellaneous - 762,531
Interest income - 60,393
Fees 9,169 -
State Grant 86,922 815,000
Gain (loss)on disposition of assets 4,687 233,424
Judgements and damages - 108,171
Net increase(decrease)in fair market value -Interest expense - (322,293)
Total nonoperating revenues(expenses) 100,778 2,654,405
Income(loss)before contributions or transfers 510,924 1,157,278
Capital contributions 11,746 23,934
Transfers-in - 1,300,000
Changes in net assets 522,670 2,481,212
Total net assets beginning of year 2,125,890 15,426,981
Total net assets at end of year $2,648,560 $ 17,908,193
Some amounts reported for business-type activities in
the statement of activities are different because the
net revenue(expense)of certain internal service funds
is reported with business-type activities. 130,146
Change in net assets of business-type activities $ 652,816
See accompanying notes to the basic financial statements
36
COUNTY OF WELD
STATE OF COLORADO
Combining Statement of Cash Flows
Proprietary Funds
For the fiscal year ended December 31,2006
Business-type Govemmental
Activity Activites
Enterprise Fund Internal
Paramedic Services Service Funds
CASH FLOWS FROM OPERATING ACTIVITIES
Cash flows from external customers $ 4,946,369 $ 746,024
Cash flows from intemal customers - 13,703,868
Cash payments to external suppliers for goods and services (819,391) (13,149,724)
Cash payments to internal suppliers for goods and services (478,297) (259,784)
Cash payments to employees for services (3,417,250) (299,324)
Judgements/damages/losses - 108,171
Miscellaneous revenues - 50
Net cash provided(used)by operating activities 231,431 849.281
CASHFLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Taxes - 997,179
Grants 77,026 -
TransferfromotherCountyFunds - 1,129,558
Repayment of Advance (300,000) -
Miscellaneous 13,856 420,000
Net cash provided by noncapital financing activities (209.118) 2,546,737
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Acquisition of capital assets (216,876) (5,012,853)
Principal paid on long-term debt - (418,354)
Interest paid - (322,293)
Proceeds from sale of capital assets - 905,448
Grants - 876.436
Net cash provided(used)for capital and related
Financing activities (216 876) (3971 614)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments - 402.874
Net Increase(decrease)in Cash and Cash Equivalents (194,563) (172,722)
Cash and Cash Equivalents at Beginning of Year 366,468 6 439 192
Cash and Cash Equivalents at End of Year $ 171 905 $ 6 266 47Q
Reconciliation of operating income to net cash
provided(used)by operating activities:
Operating income(loss) $ 410,147 $ (1,326,684)
Adjustments to reconcile operating income to
net cash provided(used)by operating activities:
Depreciation expense 185,558 2,616,687
Judgements/damages/losses - 108,171
Miscellaneous revenue 50
Change in assets and liabilities
Increase)decrease in accounts receivable (360,207) (268,015)
Increase)decrease in due from other funds (957) (24,351)
Increase)decrease in inventories - 22,899
Increase)decrease in other assets (5,210) (11,222)
ncrease(decrease)in accounts payable (14,586) (632,844)
ncrease(decrease)in accrued liabilities 16,686 22,699
ncrease(decrease)in other liabilities - 2,009
ncrease(dedrease)in deferred revenue - 339.882
Total adjustments (178 716) 2 175,965
Net cash provided by operating activities $ 231 431, $ 849.281,
Noncash investing,capital,and financing activities:
Contributions of capital assets from(to)government $ 35,680
Capital asset trade-ins $ 19,722
See Accompanying notes to the basic financial statements
37
COUNTY OF WELD
STATE OF COLORADO
Statement of Fiduciary Net Assets
Fiduciary Funds
December 31, 2006
Agency Weld County
Funds Retirement Plan
ASSETS
Cash and cash equivalents $4,373,733 $ -
Accounts Receivables
(net of allowances for uncollectables): - 51,093
Restricted assets
Cash - 729,601
Corporate Bonds - 542,536
Common Stock - 81,946,201
US Property Fund - 38,731,927
Total assets $4,373,733 $ 122,001,358
LIABILITIES AND NET ASSETS
Accounts payable $ 243,506 $ 136,479
Due to other governments 4,130,227 -
Total Liabilities $4,373,733 $ 136,479
NET ASSETS
Held in trust for pension benefits
and other purposes $ 121,864,879
See accompanying notes to the basic financial statements
38
COUNTY OF WELD
STATE OF COLORADO
Statement of Changes in Fiduciary Net Assets
Fiduciary Funds
For the fiscal year ended December 31, 2006
Weld County
Retirement
Plan
Additions:
Employer contributions $ 3,205,310
Employee contributions 3,256,503
Earnings on investments 8,691,969
Net appreciation in fair market value of investments 7,545,012
Total Additions 22,698,794
Deductions:
Actuarial/Trustee fees 186,787
Benefit payments 6,791,615
Supplies 6,600
Total Deductions 6,985,002
Change in net assets 15,713,792
Net assets- beginning 106,151,087
Net assets-ending $ 121,864,879
See accompanying notes to the basic financial statements
39
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
Note 1 - Summary of Significant Accounting Policies:
The County of Weld, Colorado ("County") was established in 1861, and on
January 1, 1976, became a home rule county under the provisions of
Section 30-35-501, CRS, 1973 . The County operates under an elected
commissioner form of government. The County provides the full range of
services contemplated by statute or charter. These include general
government functions, public protection and safety, health, social
services, human resource services, public improvements, road and bridge
operations, planning and zoning, and general administrative services.
The financial statements of the County have been prepared in conformity
with generally accepted accounting principles (GAAP) as applied to
governmental units. The following summary of significant accounting
policies is presented to assist the reader in evaluating the County' s
financial statements.
A. Reporting Entity:
Weld County is a political subdivision of the State of Colorado, governed
by an elected five-member Board of County Commissioners. There are also
four other elected officials of Weld County (Assessor, Clerk and
Recorder, District Attorney, and Sheriff) .
The accompanying financial statements present the government and its
component units, entities for which the government is considered to be
financially accountable. Blended component units, although legally
separate entities, are, in substance, part of the government' s
operations. Each discretely presented component unit is reported in a
separate column in the government-wide financial statements (see note
below for description) to emphasize that it is legally separate from the
government.
Discretely presented component units:
The Weld County Housing Authority is responsible for assisting Weld
County residents with housing assistance. The Board of County
Commissioners appoints all of the five-member Housing Authority Board.
The County has the ability to remove any of the appointed board members,
they can modify decisions made by the board and can hire or fire persons
responsible for the day to day operations. The Weld County Housing
Authority is governed by state regulations, but was designated as part of
the County for budgetary and audit purposes by an act of the Colorado
General Assembly in 1989.
The E911 Emergency Telephone Service Authority Board was created by
intergovernmental agreements pursuant to Article 11 of Title 29, C.R.S. ,
as amended, that authorizes the county, municipalities within the county,
and special districts within the county to enter into an agreement for
the purpose of providing 911 emergency telephone services. Per the state
statute cited above, the agreement creates a separate legal entity which
is responsible for administering the operations of the 911 emergency
40
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
telephone service program in Weld County. The authority board consists
of seven members with four selected by the Weld County Commissioners, one
member each is selected by the City of Greeley, City of Fort Lupton and
Weld County Sheriff. Under the by-laws of E911 Authority, Weld County is
required to pay all operating costs. They are to maintain all accounts
and have accounts audited. State statute requires that all funds be
maintained by the Weld County Treasurer. The operation of the E911
authority is done contractually by the Weld County Communication Regional
Center.
Complete financial statements for each of the individual component units
may be obtained at the entity's administrative offices:
Weld County Housing Authority
903 6`h Street
Greeley, CO 80631
E911 Emergency Telephone Service Authority
1950 O Street
Greeley, CO 80631
Because they provide services to or otherwise benefit Weld County, the
financial statements of the following organizations are blended into the
County financial statements:
Weld County Retirement Plan - The Retirement Board consists of five
members, two selected by participating employees, two appointed by
the Board of County Commissioners, and the fifth being the County
Treasurer. The County funds half of the retirement plan, which
covers substantially all permanent, full-time employees of Weld
County. The operation of the plan is accounted for in the Weld
County Retirement Fund, as a Pension Trust Fund.
Weld County Finance Corporation - The Weld County Finance
Corporation ("Corporation") was formed in 1987 as a not-for-profit
corporation under section 501 (c) (4)of the Internal Revenue Code, and
exists solely to acquire real estate and construct buildings for
lease to the County. The Board of County Commissioners appoints the
three-member Board of Directors of the Corporation, and approves all
projects undertaken by the Corporation. The members of the Board of
Directors are employees of the County.
The Beebe Draw Law Enforcement Authority (LEA) was formed by the
electors of the LEA on December 3, 1985, in accordance with Section
30-11-401, CRS. The law enforcement authority is a taxing unit
created by the county to provide additional law enforcement service
by the county sheriff to residents in a developed unincorporated
area of the county. The governing board of the law enforcement
authority is the five Weld County Commissioners sitting as the
governing board of the authority. Law enforcement services to the
authority are provided contractually by the county sheriff.
41
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
The Local Improvement Districts (LID) have not been included in the
County' s financial statements individually, as they are immaterial,
but are included as a blended component unit of Public Works, a
special revenue fund. The Board of County Commissioners can create
these assessment districts to construct or rehabilitate and finance
public streets, storm drainage, water systems, sanitary sewer, or
street lighting. The Primary purpose of an LID is to assess the
costs of public improvements to those who are specially benefited by
the improvement. The LID exists only as geographic area within
which improvements are constructed and as an administrative
subdivision of the county. Having no board of directors, they do
not operate in any capacity as an independent governmental entity.
The county governing board, Board of County Commissioners, makes all
decisions on behalf of this administrative entity.
The following related organizations are excluded from the accompanying
financial statements because the County' s accountability for these
organizations does not extend beyond various appointments .
North Colorado Medical Center - The Board of County Commissioners
owns land underlying the main facility of the Medical Center, which
land is currently leased to the Colorado Hospital Finance Authority
as part of the security for financing the bonded indebtedness of the
Medical Center. The indebtedness is not an obligation of the Board
of County Commissioners and no taxpayer funds or Board of County
Commissioners funds are obligated to pay any portion of the
principal, premium or interest on the Bonds. The land is leased
back from the Authority to the Board of Trustees, a seven member
Hospital Board of Trustees appointed by the Board of County
Commissioners. The Hospital Board of Trustees has entered into an
operating sublease of the ground and facilities with NCMC, Inc. , a
501 (c) (3)entity, with three of its members also serving on the Board
of Trustees, which, in turn, has contracted with Banner Health
Systems to operate the Medical Center. NCMC has the ability to
incur its own debt and its operations are financed totally by
patient revenues.
Greeley-Weld Airport Authority - The County Commissioners appoint
two of the five Airport Authority Board members. The County has
contributed approximately 5% of the funds for capital construction.
The Authority has full autonomy under Colorado State law, can incur
debt, and funds it operations totally from user fees.
Weld Library District - The County Commissioners, together with the
concurrence of the city councils of seven participating
municipalities, appoint the seven-member Library District Board.
The Library District Board has total autonomy under the State
Library Act to incur debt, establish budgets, and levy property
taxes to support the District' s library system.
Colorado Counties Casualty and Property Pool (hereinafter referred
to as "CAPP" - CAPP was formed July 1, 1986, by an intergovernmental
42
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
agreement by member counties as a separate and independent
governmental and legal entity pursuant to the provisions of Article
XIV, Section 18 (2) of the Colorado Constitution and Section 29-1-201
et seq, 24-10-115.5, and 29-13-102, CRS, as amended. Each member
county in this intergovernmental agreement has the power under
Colorado law to make provision for the property and casualty
coverage which constitute the functions and services jointly
provided by means of the CAPP. The Insurance Commissioner of the
State of Colorado has such authority with respect to the CAPP as is
provided by applicable Colorado statutes .
The purposes of the CAPP are to provide a risk management fund for
defined property and casualty coverage and to assist members in
controlling costs by providing specialized governmental risk
management services and systems.
It is the intent of the members to use member contributions to
defend and indemnify, in accordance with the bylaws, any member
against states liability or loss to the limit of the financial
resources of the risk management fund. It is also the intent of the
members to have CAPP provide needed coverage at reasonable costs.
All income and assets of CAPP shall be at all times dedicated to the
exclusive benefit of its members. Weld County, through its
Insurance Internal Service Fund, recognizes an expense for the
amount paid to CAPP annually for these coverages.
Weld County is a charter member of CAPP and has been a continuous
member since July 1, 1986.
B. Government-wide Financial Statements:
The County' s basic financial statements consist of government-wide
statements, including a statement of net assets and a statement of
activities, and fund financial statements which provide a more detailed
level of financial information. The government-wide focus is more on the
sustainability of the County as an entity and the change in aggregate
financial position resulting from activities of the fiscal period.
The statement of net assets and the statement of activities display
information about the county as a whole. In the government-wide
statement of net assets, both the governmental and business-type
activities columns are presented on a consolidated basis by column.
These statements include the financial activities of the primary
government, except for fiduciary activities. For the most part, the
effect of interfund activity has been removed from these statements.
Governmental activities, which normally are supported by taxes
and intergovernmental revenues, are reported separately from business-
type activities, which rely to a significant extent on fees and charges
for support.
43
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
The government-wide statement of activities reflect both the direct
expenses and net cost of each function of the County' s governmental
activities and business-like activity. Direct expenses are those that
are clearly identifiable with a specific function. Program revenues
include charges paid by the recipient for the goods or services offered
by the program. Grants and contributions that are restricted to meeting
the operational or capital requirements of a particular program and
interest earned on grants that is required to be used to support a
particular program are included in operating grants and contributions, or
capital grants and contributions. Revenues which are not classified as
program revenues are presented as general revenues of the County, with
certain limited exceptions. The comparison of direct expenses with
program revenues identifies the extent to which each government function
or business segment is self-financing or draws from the general revenues
of the County.
Fund Financial Statements
The financial transactions of the County are recorded in individual
funds. A fund is defined as a fiscal and accounting entity with a self-
balancing set of accounts that comprise its assets, liabilities, fund
equity, revenues, and expenditures or expenses, as appropriate. Separate
statements for each fund category - governmental, proprietary, and
fiduciary - are presented. The emphasis of fund financial statements is
on major governmental and enterprise funds, each displayed in a separate
column. All remaining governmental and enterprise funds are aggregated
and presented as non-major funds.
Proprietary funds distinguish operating revenues and expenses from
nonoperating items. Operating revenues and expenses generally result
from providing services and producing and delivering goods in connection
with a proprietary fund' s principal ongoing operations. The principal
operating revenues of the Paramedic enterprise fund and of the
government's internal service funds are charges to customers for sales
and services. Operating expenses for enterprise funds and internal
service funds include the cost of sales and services, administrative
expenses, and depreciation on capital assets. All revenues and expenses
not meeting this definition are reported as nonoperating revenues and
expenses.
C. Measurement Focus
Government-wide, Proprietary and Fiduciary Fund Financial Statements
The government-wide financial statements are reported using the economic
resources measurement focus and the accrual basis of accounting, as are
the proprietary fund and fiduciary fund statements. Revenues are
recorded when earned and expenses are recorded at the time liabilities
are incurred, regardless of when the related cash flows take place.
Nonexchange transactions, in which the County gives (or receives) value
44
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
without directly receiving (or giving) equal value in exchange, include
property taxes, grants, and donations. Revenues from property taxes are
recognized in the fiscal year for which the taxes are levied. Revenue
from grants and donations is recognized in the fiscal year in which all
eligibility requirements have been satisfied.
Under the terms of grant agreements, the County funds certain programs by
a combination of specific cost-reimbursement grants, categorical block
grants, and general revenues. Thus, when program expenses are incurred,
there are both restricted and unrestricted net assets available to
finance the program. It is the County's policy to first apply cost-
reimbursement grant resources to such programs, followed by categorical
block grants, and then by general revenues.
Governmental fund financial statements are reported using the current
financial resources measurement focus and the modified accrual basis of
accounting. Revenues are recognized as soon as they are both measurable
and available. Revenues are considered to be available when they are
collectible within the current period or soon enough thereafter to pay
liabilities of the current period. For this purpose, the government
considers revenues to be available if they are collected within 60 days
of the end of the current fiscal period. Expenditures generally are
recorded when a liability is incurred, as under accrual accounting.
However expenditures related to compensated absences and claims and
judgments, are recorded only when payment is due.
Property taxes, licenses, and interest associated with the current fiscal
period are all considered to be susceptible to accrual and so have been
recognized as revenues of the current fiscal period. Only the portion of
special assessments receivable due within the current fiscal period is
considered to be susceptible to accrual as revenue of the current period.
All other revenue items are considered to be measurable and available
only when cash is received by the government.
All governmental and business-type activities and enterprise funds of the
County follow only FASB Statements and Interpretations issued on or
before, not after, November 30, 1989, Accounting Principles Board
Opinions, and Accounting Research Bulletins, unless those pronouncements
conflict with GASB pronouncements.
The County reports the following major governmental funds:
The General Fund is the general operating fund of the County which
accounts for all financial resources that are not accounted for in
other funds. Operations of the County such as public safety,
planning and zoning, property valuation, tax collection and
distribution, vehicle licensing, County administration, and other
activities financed from taxes and general revenues are reflected in
this fund.
The Public Works Fund records costs related to County road and
bridge construction and maintenance except for engineering, which is
recorded in the General Fund. By State law, Colorado counties are
required to maintain a Road and Bridge Fund and a portion of road
45
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
and bridge taxes is allocated to cities and towns for use in their
road and street activities.
The Social Services Fund administers human services programs under
state and federal regulations. Programs include, but are not
limited to, Medicaid, Food Stamps, Foster Care programs, and
Temporary Assistance to Needy Families (TANF) . Colorado counties
are required by state law to maintain a Social Services Fund.
The Human Services Fund primary programs are associated with the
Workforce Investment Act (WIA) funded under the Department of Labor,
Employment and Training Administration. They also administer all
the Head Start programs.
The Capital Expenditures Fund accounts for all the County' s
construction projects. The County chooses to use the pay as you go
plan instead of debt. Property taxes are used to fund the Law
Enforcement Center and the expansion of the Detention Center.
46
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
The County reports the following major enterprise fund:
The Paramedic Fund operates the paramedic services for the County,
which is primarily funded by revenues for services rendered.
The County also reports the following fund types:
The Internal Service Funds account for the financing of goods or
services provided by one department or agency to other departments
or agencies of the County on a cost reimbursement basis. The
County' s internal service funds report on self-insurance programs
for employee health, dental and vision benefits, risk management,
unemployment, fleet services, telecommunications and acquisitions of
real estate and construction of buildings used by County
departments.
Services provided and used by internal services funds are not
entirely eliminated from the government-wide statement of
activities. The primary government program expenses and expenses
for the business activities on the government-wide statement of
activities are decreased to eliminate revenue over expenditures in
service funds where revenues exceed expenditures and increased to
eliminate internal service funds that have expenditures in excess of
revenues.
The Agency Funds account for assets held by the County as an agent
for individuals, private organizations and other governments. These
funds are custodial in nature (assets equal liabilities) and do not
involve measurement of results of operations. The County has funds
held for other local governmental units, employee/employer payroll
taxes and a Section 125 plan.
The Pension Trust Fund accounts for the activities of the Weld
County Retirement Plan, which accumulates resources for pension
benefit payments to qualified county employees. The Plan uses the
accrual basis of accounting. Employee and employer contributions
are recognized as revenues in the period in which the contributions
are due. Benefits and refunds are recognized when due and payable
in accordance with terms of the Plan.
D. Assets, liabilities, and net assets or equity
1. Deposits and investments
The Weld County Treasurer maintains a cash and investment pool that is
available for use by all County funds except for some agency funds. Each
fund's portion of this pool is displayed as "cash and cash equivalents" .
Accrued interest receivable is displayed separately. The amount of
interest gained through secured investments is credited to the County's
General Fund per Colorado State Statutes, with the exception of the
Conservation Trust, Capital Expenditures Fund, Liability Insurance Fund
and E-911 Authority. "Cash and cash equivalents" for the General Fund
47
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
Conservation Trust, Capital Expenditures Fund, Liability Insurance Fund
and E-911 Authority are stated at fair value. Any bank accounts not
maintained by the Treasurer are displayed as "Restricted Assets" within
the appropriate fund and are stated at cost.
The County considers cash and cash equivalents in proprietary funds to be
cash on hand and demand deposits. In addition, because the treasury pool
is sufficiently liquid to permit withdrawal of cash at any time without
prior notice or penalty, equity in the pool is also deemed to be a cash
equivalent.
2. Property Taxes:
Property taxes attach as an enforceable lien on property as of January 1 .
Taxes were levied on December 20, 2006, and are payable either in two
installments due on February 28 and June 15 or in full on April 30. The
bill becomes delinquent on March 1, May 1, and June 16 and penalties and
interest may be assessed by the County. The County, through the Weld
County Treasurer, bills and collects its own property taxes, as well as
property taxes of all other taxing authorities within the County. In
accordance with Section 14-7 of the Weld County Home Rule Charter, all
ad valorem tax levies for County purposes, when applied to the total
valuation for assessment of the County, shall be reduced so as to
prohibit the levying of a greater amount of tax revenue than was levied
from ad valorem taxation in the preceding year plus five percent (5%) ,
except to provide for the payment of bonds and interest. The Board of
County Commissioners may submit the question of an increased levy to the
County Council and, if in the opinion of a majority of the County Council
may grant an increased levy for the County in such amount as it deems
appropriate, and the County is authorized to make such increased levy.
Any one capital project requiring a capital expenditure out of funds
procured by ad valorem taxation equal to a three mill levy for three
years, shall be prohibited unless approved by a majority vote of the
qualified electors at a general or special election per Section 14-8 of
the Weld County Home Rule Charter.
3. Interfund Transactions
Transactions between funds that would be treated as revenues,
expenditures, or expenses if they involved organizations external to the
County are accounted for as revenues, expenditures, or expenses in the
funds involved. Transactions which constitute reimbursements of a fund
for expenditures or expenses initially made from that fund which are
properly applicable to another fund are recorded as expenditures or
expenses in the reimbursing fund and as reductions of the expenditure or
expense in the fund that is reimbursed. At year end, outstanding
balances between funds are reported as "due to/from other funds" .
Interfund balances are generally expected to be repaid within one year of
the financial statement date. Any residual balances outstanding between
the governmental activities and business-type activities are reported in
the government-wide financial statements as "internal balances" .
48
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
4. Inventories and Prepaid Items
Inventories of governmental funds, which consist of expendable materials
held for consumption, are stated at cost utilizing the weighted average
cost method. These funds follow the consumption method of accounting
whereby expenditures are recorded at the time the inventory items are
used.
Inventories of proprietary funds are recorded at average cost.
Certain payments to vendors reflect cost applicable to future accounting
periods and are recorded as prepaid items in both government-wide and
fund financial statements.
The reserve for emergencies as required by Section 20 to Article X of the
Colorado Constitution, also known as the Taxpayer' s Bill of Rights
(TABOR) is classified as restricted assets on the balance sheet.
5. Capital Assets
Capital assets, which include property, plant equipment, and
infrastructure assets (e.g. , roads, bridges and similar items) , are
reported in the applicable governmental or business-type activities
columns in the government-wide financial statements. Capital assets are
defined by the County as assets with an initial, individual cost of more
than $5, 000 and a useful life of more than one year. All capital assets
are valued at historical cost or estimated historical cost if actual
historical cost is not available. Donated capital assets are recorded at
estimated fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value
of the asset or materially extend assets' lives are not capitalized.
All reported capital assets, except for gravel roads are depreciated.
Improvements are depreciated over the remaining useful lives of the
related capital assets. Depreciation on all assets is provided on the
straight-line basis over the following estimated useful lives:
Buildings 20-50 years
Improvements 20 years
Infrastructure - Bridges 50 years
Infrastructure - Roads 20 years
Equipment 3-5 years
Heavy Equipment 10-20 years
Statement 34 allows an alternative approach which would reflect a
reasonable value of the asset and the cost incurred to maintain the
service potential to locally established minimum standards in lieu of
depreciation. To elect this option, the County must develop and
implement an asset management system which measures, at least every third
year by class of asset, if the minimum standards are being maintained.
Related disclosures are additionally required as part of the Required
Supplementary Information. The County has elected to use the alternative
approach only for gravel roads.
49
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
6. Compensated Absences
County employees accumulate sick leave and vacation benefits at rates of
8 hours per month and 8 to 16 hours per month, respectively, depending on
length of service. In the event of retirement or termination, an
employee is paid 100% of accumulated vacation pay. An employee whose
date of hire is prior to January 1, 1985, is paid for 50% of accumulated
sick leave hours up to the equivalent of one month; if the employee's
date of hire is after January 1, 1985, no sick leave is paid upon
retirement or termination. Up to 320 hours of annual vacation may be
carried over from one year to the next. Compensatory time is granted
(except for official, professional, and administrative positions) at the
rate of one and one-half hours for each overtime hour worked, not to be
accumulated in excess of forty hours.
The unpaid sick leave, vacation pay and related benefits at the end of
the period will generally not be paid with expendable and available
resources. Proprietary funds accrue sick leave, vacation pay and related
benefits in the period they are earned by the employees.
The entire compensated absence liability is reported on the government-
wide financial statements.
7. Long-term obligations
In the government-wide financial statements and proprietary fund types in
the fund financial statements, long-term debt and other long-term
obligations are reported as liabilities in the applicable governmental
activities, business-type activities, or proprietary fund type statement
of net assets.
8. Fund Equity
In the fund financial statements, governmental funds report reservations
of fund balance for amounts that are not available for appropriation or
are legally restricted by outside parties for use for a specific purpose.
Designations of fund balance represent tentative management plans that
are subject to change.
Reserves for the County of Weld are recorded up to the maximum equity
available in fund balance and consist of:
Reserved for Encumbrances:
These reserves are established to record purchase orders and
commitments outstanding for which the related goods/services have
not been received at year end. The reserves recorded at December
31, 2006, include $195, 789, $2, 312, 827, and $11, 730,548 for the
General Fund, Special Revenue Funds, and Capital Expenditures Funds,
respectively, for a total of $14,239,164 .
Reserved for Other Assets:
These reserves are established to record all prepaid items.
Recorded reserves at December 31, 2006, are $56, 882 and $14, 028 for
the General Fund and Special Revenue Funds respectively, for a total
of $70, 910 .
50
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
Reserved for Inventories:
These reserves are established to record the total level of supply
inventories. Recorded reserves at December 31, 2006, are $108,402
and $961, 601 for General Fund and Special Revenue Funds
respectively, for a total of $1, 070, 003 .
Reserved for Advances:
These reserves are established to record the total advance between
funds. Reserve at December 31, 2006, is $585,000, all recorded in
General Fund.
Designated Fund Balance:
Fund balance designated for subsequent year' s expenditures
represents fund balance commitments for appropriated expenditures in
excess of anticipated revenue for the year ended December 31, 2007.
9. Net Assets
Net assets represent the difference between assets and liabilities. Net
assets invested in capital assets, net of related debt consists of
capital assets, net of accumulated depreciation, reduced by the
outstanding balances of any borrowing used for the acquisition
construction of improvements of those assets. Net assets are reported as
restricted when there are limitations imposed on their use either through
the enabling legislation adopted by the County or through external
restrictions imposed by creditors, grantors, laws or regulations of other
governments.
The County first applied restricted resources when an expense is incurred
for purposes for which both restricted and unrestricted net assets are
available.
10. Estimates
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the amounts reported in the financial statements
and accompanying notes. Actual results may differ from those estimates.
Note 2 - Stewardship, Compliance, and Accountability
A. Budgetary information
An annual budget and appropriation ordinance is adopted by the Board of
County Commissioners in accordance with the Colorado State Budget Act and
Weld County Home Rule Charter. The budget is prepared on a basis
consistent with generally accepted accounting principles. Budgets are
established for all Governmental funds, Internal Service funds and the
Enterprise Fund. The accounting system is employed as a budgetary
management control device during the year to monitor the individual
departments. The fund level is the level of classification at which
51
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
expenditures may not legally exceed appropriations, except for the
General Fund where the department level of expenditures cannot legally
exceed appropriations. During the year, several supplemental
appropriations were necessary. All annual appropriations lapse at year
end.
The Director of Finance and Administration is authorized to transfer
budgeted amounts within departments of each fund. Any revisions that
alter the total appropriation for a fund or for any General Fund
department must be approved by the County Commissioners through a
supplemental appropriation ordinance. During 2006, two supplemental
appropriation ordinances were enacted. Budget amounts reported in the
accompanying financial statements reflect these supplemental
appropriations.
B. Excess of expenditures over appropriations
Housing Authority and E-911 Authority (component units) both had
expenditures over appropriations. These expenditures were funded by
greater than anticipated revenue.
Excesses of expenditures over appropriations in General Fund departments
can be seen by unfavorable variances in the expenditures section of the
Statement of Revenues, Expenditures and Changes in Fund Balance - Budget
and Actual.
Solid Waste Fund (Special Revenue Fund) had excess of expenditures over
appropriations. These can be seen on the Statement of Revenue,
Expenditure and Changes in Fund Balance - Budget and Actual.
Weld Finance Corporation (an internal service fund) has a deficit balance
at December 31 of $568,626 . The deficit will be recovered through future
operations.
Note 3 - Equity in Pooled Cash and Investments:
A. Cash and Investments
Cash and investments at December 31, 2006, consisted of the following:
Deposits $16,461,723
CDs 6, 364, 993
Investments 57,225, 031
Total $80, 051,747
Cash and investments at December 31, 2006 reported in government-wide and
agency funds consisted of the following:
Government-wide $76,765, 827
Agency funds 3,704,542
Total $80,470,369
52
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
B. Deposits
The Colorado Public Deposit Protection Act (PDPA) requires that all local
governments deposit cash in eligible public depositories. Eligibility is
determined by state regulations. The State regulatory commissioners
regulate the eligible public depositories. Amounts on deposit in excess
of federal insurance levels must be collateralized by eligible collateral
as determined by the PDPA. PDPA allows the financial institutions to
create a single collateral pool for all public funds held. The pool is to
be maintained by another institution, or held in trust for all the
uninsured public deposits as a group. The market value of the collateral
must be at least equal to 102% of the uninsured deposits. At December 31,
2006, the County had deposits of $22,545,263 collateralized with
securities held by the financial institutions' agents but not in the
County name.
C. Investments
The County is required to comply with State statutes which specify
investment instruments meeting defined rating, maturity, custodial and
concentration risk criteria in which local governments may invest
including:
• Obligations of the United States and certain U.S. Agency securities
• Certain international agency securities
• General obligation and revenue bonds of U.S. local government entities
• Banker' s acceptance of certain banks
• Commercial paper
• Written repurchase agreements collateralized by certain authorized
securities
• Certain money market funds
• Guaranteed investment contracts
• Local government investment pools
The County has no provisions in its investment policy that would further
limit investment choices. At December 31, 2006, the County had the
following investments:
Investment Maturities (in Years)
1 or less $ 4, 951, 515
1 -2 yrs. 10, 786, 380
3 - 5 yrs. 41,487, 136
Total $57,225, 031
53
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
D. Credit Risk
State statutes limit investments in U.S. Agency securities to the highest
rating issued by nationally recognized statistical rating organizations
(NRSROs) . At December 31, 2006, the County investments in the Federal
Home Loan Bank, Federal Home Loan Mortgage Corporation, Federal National
Mortgage Association, and Federal Farm Credit Bank were rated AAA by
Standard & Poor' s.
E. Concentration of Credit Risk
State statute does not limit the amount the County may invest in one
issuer. At December 31, 2006, the County's investments in Federal
National Mortgage Association, Federal Home Loan Bank, and Federal Farm
Credit Bank represented 16%, 79% and 5%, respectively of the County's
total investments.
F. Interest Rate Risk
State Statutes limit the maximum maturity date unless an exception is
made by the county commissioners, which does not exist at the present
time, to five years. The average duration in the portfolio on December
31, 2006 was 2.4 years. This factor combined with the high quality credit
risk of the portfolio limit interest rate risk to a very small percentage
of the portfolio. In fact, at year end the average mark-to-the-market
was within one percent of the county's basis.
G. Local Government Investment Pool
The County had $16,461,723 invested in overnight pooled money with Wells
Fargo on December 31, 2006. A designated custodial bank provides
safekeeping and depository services in connection with the direct
investment and withdrawal functions. Substantially all securities owned
are held by the Federal Reserve Bank in the account maintained for the
custodial bank. The custodian' s internal records identify the investments
owned by the participating governments.
Note 4 - Interfund Transactions
Due to/from other funds:
The county reports interfund balances between many of its funds. Some of
the balances are considered immaterial and are aggregated into a single
column or row. The sum of all balances presented in the table agrees
with the sum of interfund balances presented in the balance sheet for
governmental and proprietary funds. The balances resulted from the time
lag between the dates that (1) interfund goods and services are provided
or reimbursable expenditures occur, (2) transactions are recorded in the
accounting system, and (3) payments between funds are made. Interfund
balances are generally expected to be repaid within one year of the
financial statement date.
54
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
Receivable Fund Payable Fund
General Public Works $ 2,424
Social Services 272,476
Human Services 9, 942
Non-Major Governmental 3,453
Enterprise Fund 63
Internal Service Fund 3,281
Public Works General 949
Social Services 134,721
Non-Major Governmental 102,640
Human Services General 2, 350
Social Services 377, 174
Enterprise Fund General 709
Internal Service General 40, 186
Public Works 129,258
Social Services 24,427
Human Services 23, 929
Non-Major Governmental 2,565
Enterprise Fund 8,576
$1,139, 123
Advances from/to other funds:
The balance of $585, 000 advances to Paramedic Fund for the General
Fund resulted from general operating needs with the decrease of
Medicaid reimbursement for services.
Receivable Fund Payable Fund
Amount
General Fund Enterprise Fund - Paramedic $ 585, 000
55
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
Transfers in/out:
Transfers are indicative of funding for capital projects or subsidies of
various County operations and re-allocation of special revenues. The
following schedule briefly summarizes the County's transfer activity:
Transfers In
Human Non-Major Internal
Services Capital Governmental Services Total
Transfers Out:
General Fund $ 12,351 $7,500,000 $1,090,119 $ 00 $8,602,470
Non-Major 00 $2,000,000 $ 707,307 $1,300,000 $4,007,377
Total $ 12,351 $9,500,000 $1,797,496 $1 300,000 $12,609,847
The County also had noncash transfers. Contribution of capital assets
from (to) government: Paramedic Services $11,746, Internal Service
Funds $23, 934 .
Note 5 - Allowance for Uncollectible Accounts Receivable:
The allowance for uncollectible receivables consists of the following
at December 31, 2006:
Allowance for
Fund Type Uncollectible
General $ 25,253
Special Revenue 7,475
Capital Expenditures 2,597
Enterprise 187,661
Internal Service 483
Total $ 223,469
56
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31,2006
Note 6-Capital Assets:
Capital asset activity for the year ended December 31,2006,was as follows:
Beginning Ending
Balance Increases Decreases Transfers Balance
Governmental activites
Capital Assets not being depredated
Land and water rights $ 8,113,790 $ 993 $ - $ - $ 8,114,783
Gravel Roads 7,008,317 515,539 70,149 - 7,453,707
Construction in progress 2,397,154 6,173,745 - - 8,570.899
Total capital assets not being depreciated 17,519,261 6.690,277 70,149 - 24,139,389
Capital assets being depreciated:
Buildings 73,275,942 5,941,977 79,217,919
Improvements 6,053,310 923,654 - 6,976,964
Equipment 36,380,164 7,389,779 3,322,855 (35,007) 40,412,081
Infrastructure 285,457,385 3,969,097 4,870,903 - 284,555,579
Total capital assets being depreciated 401,166,801 18,224,507 8.193.758 (35,007) 411,162,543
Less accumulated depreciation
Buildings 20,072,713 1,696,111 - - 21,768,824
Improvements 1,484,777 250,011 - - 1,734,788
Equipment 21,775,076 3,281,206 2,193,886 (23,261) 22,839,135
Infrastructure 138,090,250 13,257,821 1,588.706 - 149,759,365
Total accumulated depreciation 181,422,816 18.485,149 3,782,592 (23,261) 196.102,112
Total capital assets being depreciated,net 219,743,985 (260.642) 4,411.166 (11.746) 215,060,431
Governmental activities capital assets,net $ 237.263 24Q $ 6 429 635 $ 4 481 315 $ (11 746) $ 239 19507n
Business-type activities:
Capital Assets not being depredated
Land $ 48,496 $ - $ - $ - $ 48,496
Capital assets being depreciated:
Buildings 656,305 - - - 656,305
Improvements 55,728 - - - 55,728
Equipment 877,263 236.596 283,864 35,007 865,002
Total capital assets being depreciated 1.589,296 236.596 283,864 35,007 1 577.035
Less accumulated depreciation
Buildings 289,684 21,566 - - 311,250
Improvements 39,724 3,427 - - 43,151
Equipment 498,741 160,565 264,142 23,261 418,425
Total accumulated depreciation 828,149 185,558 264,142 23,261 772,826
Total capital assets being depreciated,net 761,147 51,038 19,722 11,746 804,209
Business-type activities capital assets,net $ 809 64j $ 51 038 $ 19 727 $ 11 74Q $ 852 7Q,
57
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
Depreciation expense was charged to functions/programs of the primary
government as follows :
Governmental activities:
General government $ 1, 081,689
Public safety 1, 003, 805
Streets and highways 13,409,181
Economic assistance 105,774
Culture and recreation 12, 902
Health and welfare 255, 111
Capital Assets held by government' s internal
service funds are charged to the various
functions based on their usage of the assets 2, 616, 687
Total depreciation expense-governmental activities $ 18,485,149
Business-type activities
Paramedic Service $ 185, 558
Note 7 - Risk management and insurance:
The County is exposed to various risks of loss related to torts; theft
of, damage to, or destruction of assets; and errors or omissions. (See
Note 11) These activities are accounted for in the Insurance Fund, an
internal service fund. A liability for a claim is established if
information indicates that it is probable that a liability has been
incurred at the date of the financial statements and the amount of the
loss is reasonably estimable.
Insurance coverages have not been significantly reduced from prior years
and settlements have not exceeded insurance coverage in the past three
years.
The County manages risks of loss through a combination of commercial
insurance, participation in a public entity risk pool, (See Note 1) and
self-insurance. These activities are accounted for in the Insurance
Fund, an internal service fund.
The County provides health, dental and vision insurance benefits to
employees, which are funded by employee and employer contributions.
These activities are accounted for in the Health Insurance Fund, an
internal service fund.
58
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
Workers' Compensation coverage is partially self-insured, with insurance
coverage of a $450, 000 self-insured retention. Estimated liabilities for
claims made and claims incurred but not reported (IBNR) at year-end are
shown as accrued liabilities in the fund. These estimates are based upon
a third-party administrator' s review of claims and actuarial projections
from historical claims data. Changes in the balances of claims
liabilities during the current and prior years are as follows:
2005 2006
Unpaid Claims - Beginning $ 590,417 $ 706,681
Incurred Claims (Includes IBNR'S) 965,406 597,661
Claims Paid (849,142) (613,946)
Unpaid Claims - Ending $ 706,681 $ 690,396
The Insurance Internal Service Fund provides protection against losses
involving County property, equipment, and liability. Reserves within the
fund support higher deductible or self-insured retention level against
loss. Payments to CCAPP for coverage under the insurance pool are shown
as expenses in the Insurance Internal Service Fund. Estimated
liabilities under the $125, 000 self-insured retention for claims made and
claims incurred but not reported (IBNR) at year-end are shown as accrued
liabilities in the fund. These estimates are based upon CAPP's claim
administrator' s review of claims and actuarial projection from historical
claims data. Changes in the balances of claims liabilities under the
$125, 000 self-insured retention during current and prior years are as
follows:
2005 2006
Unpaid Claims - Beginning $ 84,083 $ 83,692
Incurred Claims (Includes IBNR's) 79,305 196,896
Claims Paid (79,696) (160,102)
Unpaid Claims - Ending $ 83,692 $ 120,486
The Health Insurance Internal Service Fund covers the county' s dental and
vision reimbursement plan. The plan is not an insurance program, but
rather an employee reimbursement plan that closes out each year on
December 31, for services received on or before that date. No
outstanding claims or incurred but not reported liabilities exist for
year-end. The health insurance plan is fully insured.
In addition the Health Insurance Internal Service Fund as of January 1,
2005, covers the county's health insurance program. The plan is a self-
funded employee health benefit plan with a specific deductible amount of
$100, 000 per individual, and an aggregate excess loss insurance policy
59
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
that has both a monthly attachment point and an annual cumulative
attachment limit with a terminal attachment point. Attachment points are
calculated based upon enrollment. The premiums fully fund the cumulative
and terminal attachment points, so there is no unfunded liability for the
program at any time. The plan is on a claims paid basis, which means
there are not any outstanding claims or incurred but not reported
liabilities at year end. In no event shall the expense incurral period
extend beyond the date the policy expires.
Note 8 - Operating Leases :
The reporting entity has entered into a number of operating leases which
contain cancellation provisions and are subject to annual appropriations.
For the reporting period, rent payments approximated $582, 574 for all
types of leases. These expenditures were made primarily from the
General, Public Works and Social Services Funds.
Note 9 - Long-Term Debt:
Long-term debt consists of the following at December 31, 2006
Internal Service Fund:
Certificates of participation $ 5, 590, 000
Less uncredited discount 16,460
Certificates of participation - net $ 5, 573,540
Certificates of participation represent debt of the Weld County Finance
Corporation, an Internal Service Fund and are not general obligations of
the County. The certificates were issued to finance the construction of
buildings leased to the County under annually renewable operating leases.
The debt of the Weld County Finance Corporation is payable from lease
payments received from the County. The certificates bear interest at
rates ranging from 5% to 5.50% per annum and mature in increasing annual
amounts through 2016 . Series 1997 certificates maturing in 2008 or after
are callable for redemption prior to maturity in whole or in part at the
option of the County in 2007.
60
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
Future debt service requirements for the certificates of participation
are as follows:
Year Principal Interest Total
2007 440, 000 301,293 741,293
2008 460, 000 278, 853 738, 853
2009 485, 000 255, 163 740, 163
2010 510, 000 229, 700 739, 700
2011 540, 000 202,415 742,415
2012-2016 3, 155, 000 539,275 3, 694,275
Total $ 5,590, 000 $ 1, 806, 699 $ 7,396, 699
Weld County has no general bonded indebtedness. In accordance with
Section 30-35-201 CRS, 1973, the County' s general bonded indebtedness is
limited to 3% of the assessed valuation, or $126, 118,475 at December 31,
2006.
The County has issued industrial revenue bonds for the purpose of
financing capital projects of several private enterprises. Under terms
of a financing agreement, the bonds are sold to a bank, the private
enterprise assumes full responsibility for repayment of the debt, and the
County is released from any liability for repayment. Industrial revenue
bonds outstanding as of December 31, 2006 totaled $11, 634,621.
Changes in long-term liabilities
Long-term liability activity for the year ended December 31, 2006, was as
follows:
Beginning Ending Due Within
Balance Additions Reductions Balance One Year
Governmental activities:
Certificates of participation $ 6,010,000 $ 0 $ 420,000 $ 5,590,000 $ 440,000
Compensated absences
General Fund 1,095,927 124,558 49,557 1,170,928 49,183
Public Works 366,458 62,683 50,288 378,853 14,428
Social Services 347,890 44,869 0 392,759 20,973
Public Health 139,986 3,801 7,614 136,173 3,839
Total governmental S 7.960 761 S 23S 911 $ 527 459 $ 7,668 711 $ 528 421
61
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
Note 10 - Weld County Retirement Plan:
Plan Description:
The Weld County Retirement Plan (Plan) is a single-employer, defined
benefit pension plan administered by a five-member retirement board. The
plan provides retirement, disability and death benefits to plan members
and beneficiaries at the discretion of the Retirement Board. The
Retirement Board and the Board of Commissioners maintain the authority to
establish and amend benefit provisions of the Plan. The Retirement Board
issues a publicly available financial report that includes financial
statements and required supplementary information. That report may be
obtained by contacting the County of Weld, State of Colorado.
Funding Policy:
The contribution requirements of plan members and the County are
established and maintained by the Board of Commissioners. Plan members
are required to contribute 7.5% of their annual covered payroll. The
County is required to contribute at an actuarially determined rate; the
current rate is 7 .5% of annual covered payroll.
Annual Pension Cost and Net Pension Obligation:
The County's annual pension cost and net pension obligation to the Plan
the current year were:
Annual Required Contributions $ 4,236,858
Interest on net pension obligation (11,754)
Annual Pension Cost 4,225,104
Contributions made 3,205,310
Decrease in net pension asset 1,019,794
Net pension obligation (asset) beginning of year (146,922)
Net pension obligation (asset) end of year $ 872,872
The annual required contribution for the current year was determined as
part of the January 1, 2006 actuarial valuation using the entry age
actuarial cost method. The actuarial assumptions included (a) 8%
investment rate of return (net of administrative expenses) and (b)
projected salary increases ranging from 5.3% to 8.5% per year. Both (a)
and (b) included an inflation component of 3 .5%. The actuarial value of
assets was determined using techniques that smooth the effects of short-
term volatility in the market value of investments over a five-year
period. The unfunded actuarial liability is being amortized as a level
percentage of projected payroll on a closed basis. The remaining
amortization period at January 1, 2006, was 30 years.
62
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
Three-Year Trend Information:
Fiscal Year Annual Percentage of Net Pension
Ended Pension APC Contributed Obligation
Cost (APC) (Asset)
December 31, 2004 3,018,459 74.0% (552,039)
December 31, 2005 3,184,753 87.3% (146,922)
December 31, 2006 4,225,104 75.9% 872,872
Note 11 - Commitments and Contingencies:
Commitments
At year-end there were projects under construction with commitments of
$11, 881,403 including $916,259 for the Southeast Weld Administration
building, $10, 934, 642 for the Jail Phase III, $19,612 for the Court
Services Phase III, and a parking lot for $10, 890.
Colorado voters passed an amendment to the State Constitution, Article X,
Section 20, which has several limitations, including revenue raising,
spending abilities, and other specific requirements of state and local
governments. The Amendment is complex and subject to judicial
interpretation. The entity believes it is in compliance with the
requirements of the amendment. However, the entity has made certain
interpretations of the amendment' s language in other to determine its
compliance.
The County participates in a number of federal and state grant programs.
Principal funding agencies include Department of Labor, Community
Services Administration, Department of Health and Human Services,
Department of Housing and Urban Development, Economic Development Agency,
and Area Agency on Aging. These programs are subject to program
compliance audits by the grantors or their representatives. The amount,
if any, of expenditures which may be disallowed by the granting agencies
cannot be determined at this time, although the County expects such
amounts, if any, to be immaterial.
63
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
Note 12 - Public Trustee:
Pursuant to an act of the Colorado General Assembly, the Weld County
Public Trustee is to be deemed an agency of the County for the purpose of
financial reporting.
Related activity has been reported in the General Agency Fund, with the
following activity identified strictly for the office of the Public
Trustee as of and for the year ended December 31, 2006
Assets $867,604
Liabilities 1, 071
Fund Balance 866,633
Additions 1,488,163
Deductions 1,596, 937
The Public Trustee started a retirement plan in December 2003 . The plan
is a defined contribution plan under Internal Revenue Code section 401 (K) .
Funding levels are set at the following:
2004 6% Employer/Employee
2005 7% Employer/Employee
2006 74% Employer/Employee
2007 8% Employer/Employee
64
COUNTY OF WELD
STATE OF COLORADO
Year Ended December 31, 2006
Note 13 —Non-Cash Activity in Social Services Fund
Schedule of EBT Authorizations, Warrant Expenditures and Total Expenditures
For the Year Ended December 31, 2006
A B C D E
County EBT
Total Refunds and Authorizations plus
Expenditures by Expenditures by Total Expenditures
County EBT County Share of County Warrant County Warrant
Program Authorizations Authorizations or Accrual (Col.A+Col. C) (Col. B+Col. C)
Old Age Pension
3,455,473 3,933 137,649 3,593,122 141,58.
2,258,504 216,956 2,475,460 216,95
Low-Income Energy 0
Assistance Program
1,374,461 239,822 2,334,399 3,708,860 2,574,22
Temporary Assistance for
Needy Families
6,327 1,265 3,163,995 3,170,322 3,165,26
Administration
8,591,751 1,704,334 7,118,742 15,710,493 8,823,07
Trails/Child Welfare
1,196,046 282,860 52,717 1,248,763 335,57
Core Services
527,345 97,383 (20,796) 506,549 76,58
Aid to the Needy Disabled
2,308,723 2,308,723 2,308,72
IV-D Administration 0 0
CHATS/Child Care 2,921,734 348,933 694,384 3,616,118 1,043,31
General 126,992 126,992 126,99
Assistance 0 0
20,331,641 2,678,530 16,133,761 36,465,402 18,812,29
Subtotal
12,721,471 0 12,721,471
Food Assistance 0
33,053,112 2,678,530 16,133,761 49,186,873 18,812,29
Grand Total
A. Welfare payment authorized by the Weld County Department of Social Services. These County authorizations are paid
by the Colorado Department of Human Services by Quest debit cards or by electronic benefits transfer (EBT)
B. County share of EBT authorizations. These amounts are settled monthly by a reduction of State cash advances to the
County.
C. Expenditures made by county warrants or other county payment methods.
D. This represents the total cost of the welfare programs that are administered by Weld County.
E. This total matches the expenditures on the Social Services Fund—Statement of Revenues, Expenditures and Changes in
Fund Balances.
65
a *s;
Wilk
COLORADO
66
Required Supplementary
Information
d ' � fejt
,,;,,,,,dR 2 a
A a c
4
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2006
Schedule of Funding Progress
Actuarial Actuarial Actuarial Unfunded Funde Covered UAAL as a
Valuation Value of Accrued AAL (UAAL) d Payroll Percentag
Date Assets Liability (b-a) Ratio e of
(a) (AAL) (a/b) Covered
Entry Age Payroll
(b) [b-a)/c]
1/1/01 $ 81,331,388 $ 84,625,354 $ 3,293,966 96.1% $30,909,895 10.7%
1/1/02 $ 87,357,656 $ 93,322,664 $ 5,965,008 93.6% $33,405,430 17.9%
1/1/03 $ 87,140,219 $100,581,108 $13,440,889 86.6% $36,205,613 37.1%
1/1/04 $ 94,496,804 $112,901,278 $18,404,474 83.7% $36,498,310 50.4%
1/1/05 $ 98,604,182 $120,956,120 $22,351,938 81.5% $38,496,866 58.1%
1/1/06 $103,979,296 $136,792,785 $32,813,489 76.0% $41,529,717 79.0%
Schedule of Employer Contributions
Annual
Year Ended Required Actual Percentage
December 31 Contribution(') Contribution Contributed
2000 $1, 199, 689 $1, 814,318 151.2%
2001 $1, 591, 067 $1, 925, 094 121.0%
2002 $1, 986, 145 $2, 094, 969 105 .5%
2003 $2, 734,414 $2, 182, 671 79.8%
2004 $3, 125,337 $2,234, 518 71.5%
2005 $4,236, 858 $2, 779, 636 86.1%
2006 $4,236, 858 $3,205, 310 75.7%
"Required contribution at beginning of year.
67
COUNTY OF WELD
STATE OF COLORADO
Required Supplementary Information
Modified Approach for Infrastructure Assets
Weld County prepares an annual gravel road plan. In doing this each of the sections of gravel roads has been evaluated
by supervisors. They use the State guidelines as out lined in Section 43-2-120(5)(a-b), C.R.S. 1973, which is stated
below. Since gravel roads condition can change quickly based on weather conditions the road plan may have to be
modified to take care of such problems. Therefore,an official road maintenance system is difficult to put in place. It is
the County's policy to maintain the roads in fair or better condition.
2006
Condition Miles of Road %of Total
Good 1,526.62 63.5%
Fair 845.17 35.2%
Poor 33.46 1.3%
Comparison of Estimated-to-Actual Maintenance/Preservation
2003 2004 2005 2006 2007
Estimated $ 1,464,400 $ 1,643,167 $ 1,800,000 $ 1,861,200 $ 3,328,512
Actual $ 1,521,710 $ 1,785,000 $ 2,910,000 $ 1,804,000
Gravel Roads -Surface Condition Rating Criteria
Section 43-2-120(5)(a-b), C.R.S. 1973, gives the following guidelines pertaining to the condition criteria on gravel
roads.
Good Surface Condition
$ There is adequate width for safe passage of large vehicles.
$ Graded to a uniform cross-section, having a crown and ditches to provide good drainage.
$ The surface is smooth with no washboards,rutting or soft areas;vehicles can safely travel at the posted
speed limit.
$ There is adequate gravel uniformly spread across the surface.
$ During periods of wet weather,roads will support traffic.
Fair Surface Conditions
$ Adequate width for safe passage of cars and pickup trucks.
$ Cross-section may vary;the crown is not consistent;ditches and drainage are not adequate.
$ The surface has occasional washboards and ruts but irregularities do not interfere with safe vehicle
operation at the speed limit.
S Gravel is present,but lacking in the wheel paths or in short stretches.
$ During periods of wet weather,puddles develop;the road is slippery but will support normal traffic.
Poor Surface Condition
$ Two cars cannot safely pass.
$ Cross-section varies. There is no crown or ditches,and water does not drain from the road.
$ The surface has washboards,ruts,soft areas;vehicles must slow to less than the speed limit.
$ Gravel is sparse or does not exist.
$ During periods of wet weather,cars cannot safely travel.
68
Required Supplementary Information
Other Than MD&A
INFORMATION
COUNTY OF WELD
STATE OF COLORADO
General Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 2006
Budget- GAAP Basis
Original Final Actual Variance
REVENUES
Taxes:
General property taxes $ 44,490,317 $ 44,490,317 $ 44,256,360 $ (233,957)
Severance tax 25,000 366,500 341,521 (24,979)
Tobacco products 85,000 85,000 119,375 34,375
Penalties & interest - 46,000 45,575 (425)
Property tax adjustment (1,275,618) (1,275,618) (1,275,618) -
Total Taxes 43,324,699 43,712,199 43,487,213 (224,986)
Licenses and Permits
Liquor licenses 4,000 4,000 3,583 (417)
Planning permits 1,000,000 1,000,000 1,042,729 42,729
Building permits 900,000 900,000 1,624,071 724,071
Electrical permits 130,000 130,000 151,636 21,636
Total Licenses and Permits 2,034,000 2,034,000 2,822,019 788,019
Intergovernmental:
Federal grants - 49,200 87,074 37,874
Payment in lieu of taxes 2,000 2,000 2,149 149
State grants 2,892,364 4,020,464 4,438,953 418,489
Other governmental units 29,890 29,890 120,529 90,639
Cities and towns 300,000 300,000 208,549 (91,451)
Total Intergovernmental 3,224,254 4,401,554 4,857,254 455,700
Charges for Service:
Plan checking fees 350,000 350,000 325,925 (24,075)
Charges for services 2,480,847 2,512,847 2,938,499 425,652
Sale of supplies 83,900 83,900 109,913 26,013
Parking 34,500 34,500 26,950 (7,550)
Total Charges for Services 2,949,247 2,981,247 3,401,287 420,040
Fines and Forfeitures:
Property forfeitures/evidence 4,500 4,500 23,432 18,932
Fines (drunk drivers) 149,000 168,000 104,726 (63,274)
Total Fines and Forfeitures 153,500 172,500 128,158 (44,342)
Miscellaneous:
Miscellaneous 1,273,460 2,913,460 4,429,554 1,516,094
Interest 1,500,000 3,500,000 3,879,403 379,403
Rents from buildings 132,761 132,761 130,360 (2,401)
Royalties 180,000 2,480,000 2,472,987 (7,013)
Total Miscellaneous 3,086,221 9,026,221 10,912,304 1,886,083
69
COUNTY OF WELD
STATE OF COLORADO
General Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances- Budget and Actual
For the fiscal year ended December 31, 2006
Budget-GAAP Basis
Original Final Actual Variance
REVENUES (CONTINUED)
Fees:
Fee account 6,229,000 7,191,750 7,166,078 (25,672)
Treasurer's fees 53,000 53,000 51,868 (1,132)
Cable fees 45,000 45,000 48,411 3,411
Total Fees 6,327,000 7,289,750 7,266,357 (23,393)
Total Revenues 61,098,921 69,617,471 72,874,592 3,257,121
EXPENDITURES
General Government:
Office of the Board 598,493 650,493 623,242 27,251
County Attorney 745,305 950,305 923,227 27,078
Public Trustee 7,000 7,000 - 7,000
Planning and zoning 1,592,536 1,848,536 1,814,936 33,600
Clerk to the Board 197,104 250,104 240,393 9,711
County Clerk 727,665 831,265 762,522 68,743
Elections and registration 1,246,880 1,096,880 1,180,948 (84,068)
Motor vehicle 1,524,403 1,524,403 1,456,405 67,998
County Treasurer 756,104 762,104 765,991 (3,887)
County Assessor 2,296,127 2,371,127 2,318,939 52,188
Maintenance of buildings/grounds 3,861,638 4,186,638 4,007,750 178,888
County Council 28,150 28,150 16,400 11,750
District Attorney 3,818,929 3,916,929 3,822,446 94,483
Juvenile Diversion Grant 112,012 115,012 108,230 6,782
Juvenile Assessment Center - - 14,556 (14,556)
Victim Assistance 401,287 420,187 951,923 (531,736)
White Collar Crime 30,000 30,000 8,081 21,919
DUI - 10,000 2,747 7,253
MYAT- Probation - 40,000 22,160 17,840
Interagency Oversight Group - - 3,735 (3,735)
Financial administration 368,106 368,106 321,743 46,363
General accounting 410,408 476,408 468,074 8,334
Purchasing 121,344 126,344 124,112 2,232
Personnel 575,144 650,144 568,445 81,699
Geographical Information Systems 306,854 213,854 140,039 73,815
Computer Services 1,863,400 2,363,400 2,788,968 (425,568)
Printing and Supply 268,562 342,562 318,029 24,533
Total General Government 21,857,451 23,579,951 23,774,041 (194,090)
(CONTINUED)
70
COUNTY OF WELD
STATE OF COLORADO
General Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances- Budget and Actual
For the fiscal year ended December 31, 2006
Budget-GAAP Basis
Original Final Actual Variance
EXPENDITURES (CONTINUED)
Public Safety
Sheriff administration 1,275,610 1,246,610 1,208,786 37,824
Crime control and investigations 5,890,497 6,130,497 6,544,783 (414,286)
Traffic control 925,828 945,828 976,054 (30,226)
Task force 169,615 169,615 132,235 37,380
Regional forensic laboratory 212,222 227,222 252,601 (25,379)
Communications services 1,619,552 1,619,552 1,604,363 15,189
Communication system development - 200,000 204,063 (4,063)
E-911 administration 700 700 55 645
Criminal justice 862,873 862,873 791,950 70,923
County Coroner 554,009 569,009 514,376 54,633
Correctional administration 14,069,825 14,081,825 14,228,456 (146,631)
Community correction 2,298,394 2,298,394 2,562,851 (264,457)
Building inspection 1,177,544 1,217,544 1,136,237 81,307
Office of emergency management 110,735 110,735 104,693 6,042
Waste water management 11,367 11,367 8,393 2,974
Animal control 257,747 280,747 308,207 (27,460)
Pest/weed control 391,946 468,696 462,790 5,906
West Nile - 2,500 2,202 298
Victim Advocates 85,170 95,170 79,182 15,988
Solid waste - - - -
Total Public Safety 29,913,634 30,538,884 31,122,277 (583,393)
Public Works:
General engineering 1,990,434 1,990,434 1,267,117 723,317
Extension services 379,878 379,878 341,152 38,726
Veteran office 60,985 62,985 59,253 3,732
Airport - - - -
Total Public Works 2,431,297 2,433,297 1,667,522 765,775
Public Health and Welfare:
Mental health 135,875 135,875 91,875 44,000
Developmentally disabled 46,125 46,125 46,125 -
Seniors program 12,500 12,500 12,500 -
Economic development 100,000 226,800 239,622 (12,822)
A Kid's Place 8,250 8,250 8,250 -
Total Public Health and Welfare 302,750 429,550 398,372 31,178
Culture and Recreation:
Missile site park 65,635 66,635 57,035 9,600
Parks and Trails 13,500 439,500 439,029 471
County fair 292,661 292,661 402,027 (109,366)
Total Culture and Recreation 371,796 798,796 898,091 (99,295)
71
COUNTY OF WELD
STATE OF COLORADO
General Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances- Budget and Actual
For the fiscal year ended December 31, 2006
Budget-GAAP Basis
Original Final Actual Variance
EXPENDITURES (CONTINUED)
Miscellaneous:
Other 567,528 1,330,528 1,078,943 251,585
Building rents 535,000 535,000 513,220 21,780
Total Miscellaneous 1,102,528 1,865,528 1,592,163 273,365
Capital Outlay:
Capital purchases 1,508,184 2,748,184 2,055,803 692,381
Debt Services:
Capital lease 322,293 322,293 322,293 -
Total Expenditures 57,809,933 62,716,483 61,830,562 885,921
Other Financing Source (Use)
Transfers -Out:
Appropriation Grants-In-Aid 2,602,470 8,602,470 8,602,470 -
Total Other Financing Sources (Uses) (2,602,470) (8,602,470) (8,602,470) -
Net Change in Fund Balance 686,518 (1,701,482) 2,441,560 4,143,042
Fund Balance at Beginning of Year 9,135,105 9,135,105 9,135,105 -
Fund Balance at End of Year $ 9,821,623 $ 7,433,623 $ 11,576,665 $4,143,042
Notes-The basis of budgeting is the same as GAAP. This schedule is presented on a GAAP basis.
72
a :;kiv
COLORADO
73
COUNTY OF WELD
STATE OF COLORADO
Public Works Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 2006
Budget-GAAP Basis
Original Final Actual Variance
REVENUES:
Taxes:
General property taxes $ 6,671,146 $ 6,671,146 $ 6,636,196 $ (34,950)
Specific ownership taxes 6,300,000 6,300,000 6,613,155 313,155
Penalties & Interest - - 7,298 7,298
Total Taxes 12,971,146 12,971,146 13,256,649 285,503
Licenses and Permits
Moving permits 250,000 330,000 366,335 36,335
Intergovernmental:
Mineral leasing 100,000 230,000 277,500 47,500
Grazing act 50,000 50,000 82,097 32,097
Payment in lieu of taxes 50,000 50,000 20,177 (29,823)
Grants 1,600,000 1,600,000 1,024,095 (575,905)
Motor vehicle registration fees 320,000 320,000 336,936 16,936
Highway user tax fund 8,300,000 8,300,000 9,071,824 771,824
Total Intergovernmental 10,420,000 10,550,000 10,812,629 262,629
Charges for Services:
Charges for services - - 1,186,687 1,186,687
Miscellaneous:
Earnings on deposits - - 190,026 190,026
Special assessments - - 11,840 11,840
Miscellaneous 2,754,000 2,754,000 1,563,096 (1,190,904)
Gain on sale of assets - - - -
Recovery of losses 1,000 1,000 - (1,000)
Total Miscellaneous 2,755,000 2,755,000 1,764,962 (990,038)
Fees:
Other fees - - 890,913 890,913
Total Revenues 26,396,146 26,606,146 28,278,175 1,672,029
74
COUNTY OF WELD
STATE OF COLORADO
Public Works Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 2006
Budget-GAAP Basis
Original Final Actual Variance
EXPENDITURES
Public Works
Bridge construction 2,784,357 2,829,357 2,665,449 163,908
Maintenance of condition 4,015,839 4,015,839 5,443,254 (1,427,415)
Maintenance support 2,065,447 2,073,447 1,889,907 183,540
Trucking division 3,519,337 3,029,337 2,120,019 909,318
Mining division 2,322,142 2,447,142 1,868,278 578,864
Administration 877,457 1,022,457 1,270,697 (248,240)
Other public works 12,589,349 12,859,349 7,751,194 5,108,155
Total Public Works 28,173,928 28,276,928 23,008,798 5,268,130
Intergovernmental:
Grants-in-aid to cities/towns 1,528,625 1,628,625 1,638,836 (10,211)
Capital outlay - 7,000 6,094 906
Total Expenditures 29,702,553 29,912,553 24,653,728 5,258,825
Net Change in Fund Balance (3,306,407) (3,306,407) 3,624,447 6,930,854
Fund Balances at Beginning of Year 15,765,392 15,765,392 15,765,392 -
Fund Balances at End of Year $ 12,458,985 $ 12,458,985 $ 19,389,839 $ 6,930,854
Notes -The basis of budgeting is the same as GAAP. This schedule is presented on a GAAP basis.
75
COUNTY OF WELD
STATE OF COLORADO
Social Services Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 2006
Budget- GAAP Basis
Original Final Actual Variance
REVENUES
Taxes:
General property taxes $ 5,600,000 $ 5,600,000 $ 5,557,416 $ (42,584)
Penalties & Interest - - 5,686 5,686
Total Taxes 5,600,000 5,600,000 5,563,102 (36,898)
Intergovernmental:
Welfare 13,521,300 13,521,300 13,521,428 128
Miscellaneous:
Earnings on deposits - - 5 5
Total Miscellaneous - - 5 5
Total Revenues 19,121,300 19,121,300 19,084,535 (36,765)
EXPENDITURES
Public Health and Welfare:
Administrative- regular 4,459,000 4,459,000 2,829,400 1,629,600
Administrative - IV-D 2,006,550 2,006,550 2,308,726 (302,176)
Employment first 308,900 308,900 295,213 13,687
General assistance 183,500 183,500 126,993 56,507
TANF 2,599,000 2,599,000 2,574,221 24,779
AND -State 76,000 76,000 76,587 (587)
Child welfare 8,464,000 8,464,000 8,823,073 (359,073)
Day care 1,022,000 1,022,000 1,043,266 (21,266)
76
COUNTY OF WELD
STATE OF COLORADO
Social Services Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances- Budget and Actual
For the fiscal year ended December 31, 2006
Budget- GAAP Basis
Original Final Actual Variance
EXPENDITURES (CONTINUED):
OAP -A 133,000 133,000 141,581 (8,581)
Core services 280,000 280,000 335,578 (55,578)
Administrative - LEAP 139,350 139,350 217,574 (78,224)
LEAP - Program - - (617) 617
Total Public Health and Welfare 19,671,300 19,671,300 18,771,595 899,705
Capital Outlay 170,000 170,000 42,639 127,361
Total Expenditures 19,841,300 19,841,300 18,814,234 1,027,066
Other Financing Sources (Uses):
Net Change in Fund Balance (720,000) (720,000) 270,301 990,301
Fund Balances at Beginning of Year 2,801,357 2,801,357 2,801,357 -
Fund Balances at End of Year $ 2,081,357 $ 2,081,357 $ 3,071,658 $ 990,301
Notes-The basis of budgeting is the same as GAAP. This schedule is presented on a GAAP basis.
77
COUNTY OF WELD
STATE OF COLORADO
Human Services Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances- Budget and Actual
For the fiscal year ended December 31, 2006
Budget- GAAP Basis
Original Final Actual Variance
REVENUES
Intergovernmental:
Federal grants $ 11,287,677 $ 11,784,177 $ 10,655,014 $ (1,129,163)
State grants 1,622,715 1,642,115 1,296,844 (345,271)
Total Intergovernmental 12,910,392 13,426,292 11,951,858 (1,474,434)
Charges for Services:
Charges for services 830,155 830,155 997,919 167,764
Total Charges for Services 830,155 830,155 997,919 167,764
Miscellaneous:
Donations from private sources 179,575 179,575 157,269 (22,306)
Other revenue 20,000 20,000 43,624 23,624
Total Miscellaneous 199,575 199,575 200,893 1,318
Total Revenues 13,940,122 14,456,022 13,150,670 (1,305,352)
EXPENDITURES
Economic Assistance:
Human resources general fund - - 28,355 (28,355)
Head start 3,520,000 3,520,000 3,066,338 453,662
Migrant head start 2,814,000 2,814,000 2,355,149 458,851
Colorado Works - - 88,744 (88,744)
Preschool program 133,800 133,800 144,416 (10,616)
Job service 720,000 720,000 572,856 147,144
Summer job hunt 30,000 31,000 30,999 1
Jobs/New directions 45,000 45,000 43,530 1,470
Employment first 165,000 165,000 134,888 30,112
TANF 585,600 605,000 597,323 7,677
WIA administration 105,000 155,000 154,497 503
WIA adult programs 500,000 520,000 505,874 14,126
WIA youth programs 485,000 600,000 567,999 32,001
JTPA IIB 40,000 45,000 47,027 (2,027)
10% Discretionary Grant - 65,000 57,218 7,782
WIA planning 68,000 80,000 11,521 68,479
WIA statewide activities 62,000 62,000 4,729 57,271
WIA dislocated worker 360,000 430,000 395,935 34,065
Human resources lab pool 260,000 260,000 230,154 29,846
UI training program 171,000 171,000 159,175 11,825
78
COUNTY OF WELD
STATE OF COLORADO
Human Services Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances- Budget and Actual
For the fiscal year ended December 31, 2006
Budget- GAAP Basis
Original Final Actual Variance
EXPENDITURES (CONTINUED):
One stop 178,480 178,480 166,029 12,451
AAA administration 70,453 70,453 68,115 2,338
OAA title III-B 246,750 246,750 217,903 28,847
OAA title Ill-Cl congregate 449,575 449,575 391,193 58,382
OAA title III-C2 46,000 46,000 40,235 5,765
OAA in home support 17,368 17,368 12,886 4,482
AAA elder abuse 2,528 3,528 3,113 415
AAA ombudsman 6,021 8,521 6,025 2,496
Single entry point 527,132 562,132 601,285 (39,153)
FTA 123,648 243,648 243,450 198
CHIP Grant - - 10,000 (10,000)
NCMC Grant - - 2,703 (2,703)
Vale Grant - - 12,751 (12,751)
AAA case management 31,000 31,000 13,595 17,405
Transportation - - 15,516 (15,516)
AAA state funds 205,858 205,858 186,708 19,150
Medicaid transportation - - 46,389 (46,389)
Supplemental foods 1,551,926 1,551,926 1,441,045 110,881
Part E family caregiver support 93,890 93,890 73,341 20,549
CSBG 337,444 337,444 193,440 144,004
Total Economic Assistance 13,952,473 14,468,373 12,942,449 1,525,924
Capital Outlay:
Total Capital Outlay - - - -
Total Expenditures 13,952,473 14,468,373 12,942,449 1,525,924
Other Financing Sources (Uses):
Transfers- In:
OAA area agency 12,351 12,351 12,351 -
Total Other Financing Sources 12,351 12,351 12,351 -
Net Change in Fund Balance - - 220,572 220,572
Fund Balances at Beginning of Year 641,127 641,127 641,127 -
Fund Balances at End of Year $ 641,127 $ 641,127 $ 861,699 $ 220,572
Notes -The basis of budgeting is the same as GAAP. This schedule is presented on a GAAP basis.
79
Aftit
'Mc
COLORADO
80
Supplemental Information
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w�Ni
COUNTY OF WELD
STATE OF COLORADO
EXPLANATIONS OF FUNDS
December 31, 2006
MAJOR GOVERNMENTAL FUND
Capital Projects Fund
Capital Expenditures Fund:
This fund accounts for various capital improvement projects on County property.
NON-MAJOR GOVERNMENTAL FUNDS
Special Revenue Funds
Special revenue funds account for taxes or other earmarked revenue of the County that finances specified
activities as required by law or administrative action.
Conservation Trust Fund:
The Conservation Trust Fund accounts for revenue received from the State of Colorado to be used for
the acquisition, development and maintenance of new and existing conservation sites within Weld
County. The funds are derived from the Colorado State Lottery.
Contingent Fund:
The Contingent Fund records any property tax revenue levied by the Board of County
Commissioners to cover reasonably unforseen expenditures.
Emergency Fund:
The Emergency Fund accounts for the"Emergency Reserve"required by"Amendment One"to the
Colorado Constitution.
Public Health Fund:
The Weld County Public Health Department provides health services to County residents. The fund
reflects revenue and expenditures for health care, health education, health monitoring and other
related activities.
Solid Waste Fund:
This fund accounts for revenue received from a surcharge on dumping fees at solid waste disposal
sites for the purpose of combating environmental problems and for the further improvement and
development of landfill sites within the County.
Bebee Draw Law Enforcement Fund
This fund accounts for the revenue of the law enforcement authority. The authority is a taxing unit
created by the County to provide additional law enforcement services by the County Sheriff to
residents in a developed unincorporated area of the County
81
COUNTY OF WELD
STATE OF COLORADO
EXPLANATIONS OF FUNDS
December 31, 2006
PROPRIETARY FUNDS
Enterprise Funds
Enterprise funds account for operations that are financed and operated in a manner similar to private business
enterprises where the intent of the governing body is that the costs (expenses including depreciation) of
providing goods or services to the general public on a continuing basis be financed or recovered primarily
through user charges;or where the governing body has decided that periodic determination or revenue earned,
expenses incurred, and/or net income is appropriated for capital maintenance, public policy, management
control, accountability or other purposes.
Paramedic Services Fund:
This fund accounts for the ambulance services provided to Weld County.
Internal Service Funds
Motor Vehicle Fund:
This fund accounts for the revenue and costs generated by equipment and vehicles rented to various
departments of the County.
Health Insurance Fund:
This fund accounts for the County's self-insured dental and vision coverage. Revenue is generated
from contributions from the employees of the County. Disbursements are made after insured claims
have been verified and approved.
Insurance Fund:
This fund accounts for all insurance costs for the County,except health insurance. This program is a
combination of insured risks and protected self-insurance risks.
Phone Services Fund:
This fund accounts for all phone costs provided to the County and other outside agencies on a cost-
reimbursement basis.
Weld Finance Corporation:
This fund acquires real estate and constructs buildings for the use of County departments.
82
COUNTY OF WELD
STATE OF COLORADO
EXPLANATIONS OF FUNDS
December 31, 2006
FIDUCIARY FUNDS
Agency Funds
Agency funds account for assets held by the County as an agent for individuals,private organizations and/or
other governments.
General Agency Fund:
This fund account for all monies collected(principally tax collections)by the Weld County Treasurer
for various other local governmental units within the County.
Payroll Agency Fund:
This fund accounts for the accumulation of County payrolls and related withholdings. Disbursements
are made to the appropriate financial institutions through the payroll direct deposit system and the
various vendors for the withholdings.
Employee Flexible Spending:
This fund accounts for Weld County's Section 125,voluntary tax-sheltered plan,which the County
administers directly. Employee contributions to the plan are refunded upon submission of
documentation for un-reimbursed claims.
83
COUNTY OF WELD
STATE OF COLORADO
EXPLANATIONS OF FUNDS
December 31, 2006
COMPONENT UNITS
Component units are tied to the County with some board control. They operate as a separate fund but the
information is discretely presented.
Housing Authority Fund:
This fund works with all the low income citizens of Weld County to help with rent assistance or
housing repair.
E-911 Authority Fund:
This fund operates under state statute, Article 11 of Title 29, C.R.S.. They are responsible for
administering the operations of the 911 emergency telephone service program in Weld County
84
#a *;
Ellie
COLORADO
85
COUNTY OF WELD
STATE OF COLORADO
Combining Balance Sheet
Non-Major Governmental Funds
December 31, 2006
Conservation Contingent Emergency
Trust Fund Fund Fund
ASSETS
Cash and short-term investments $ 163,281 $ 2,852,864 $ 4,000,000
Receivables (net of allowance for uncollectibles):
Current property taxes - 2,595,865 -
Delinquent property taxes - 2,851 -
Accounts - - -
Inventories - -Other assets - - -
Total Assets $ 163,281 $ 5,451,580 $ 4,000,000
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ - $ - $ -
Accrued liabilities - - -
Other liabilities - - -
Due to other County funds - - -
Unearned revenue - 2,602,851 -
Unexpended grant revenue - - -
Total Liabilities - 2,602,851 -
Fund Balances:
Reserved for encumbrances - - -
Reserved for other assets - - -
Reserved for inventories - - -
Reserved for emergency - - 4,000,000
Unreserved:
Designated for future year's expenditure - 2,848,729 -
Undesignated 163,281 - -
Total Fund Balances 163,281 2,848,729 4,000,000
Total Liabilities and Fund Balances $ 163,281 $ 5,451,580 $ 4,000,000
86
Bebee Draw Total
Law Nonmajor
Public Health Solid Waste Enforcement Governmental
Fund Fund Fund Funds
$ 617,420 $ 1,106,335 $ 292 $ 8,740,192
- - - 2,595,865
- - - 2,851
888,025 128,200 - 1,016,225
11,476 - - 11,476
12,250 - - 12,250
$ 1,529,171 $ 1,234,535 $ 292 $ 12,378,859
$ 147,507 $ 1,224 $ - $ 148,731
199,634 - - 199,634
5,704 102,954 - 108,658
72,489 - - 2,675,340
425,334 104,178 - 3,132,363
28,051 - - 28,051
12,250 - - 12,250
11,476 - - 11,476
- - - 4,000,000
- - - 2,848,729
1,052,060 1,130,357 292 2,345,990
1,103,837 1,130,357 292 9,246,496
$ 1,529,171 $ 1,234,535 $ 292 $ 12,378,859
87
COUNTY OF WELD
STATE OF COLORADO
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances
Non-Major Governmental Funds
For the fiscal year ended December 31, 2006
Conservation Contingent Emergency
Trust Fund Fund Fund
REVENUES:
Taxes:
Taxes $ - $ 1,293,660 $ -
Intergovernmental 453,233 - -
Charges for services - - -
Miscellaneous 9,283 - -
Total Revenues 462,516 1,293,660 -
EXPENDITURES:
Current:
Public Safety - - -
Public health and welfare - - -
Culture and recreation 652,838 - -
Capital outlay - - -
Total Expenditures 652,838 - -
Excess of Revenues Over(Under)
Expenditures (190,322) 1,293,660 -
Other Financing Sources (Uses):
Transfers - In - - -
Transfers -Out - 3,300,000 -
Total Other Financing Sources (Uses) - (3,300,000) -
Net Change in Fund Balances (190,322) (2,006,340) -
Fund Balances at Beginning of Year 353,603 4,855,069 4,000,000
Fund Balances at End of Year $ 163,281 $ 2,848,729 $ 4,000,000
88
Bebee Draw Total
Law Nonmajor
Public Health Solid Waste Enforcement Governmental
Fund Fund Fund Funds
$ - $ - $ 17,550 $ 1,311,210
3,034,882 - - 3,488,115
1,393,812 1,252,508 - 2,646,320
37,474 - - 46,757
4,466,168 1,252,508 17,550 7,492,402
741,650 17,500 759,150
6,823,995 - - 6,823,995
-
-
652,838
28,622 - - 28,622
6,852,617 741,650 17,500 8,264,605
(2,386,449) 510,858 50 (772,203)
1,797,496 - - 1,797,496
- 707,377 - 4,007,377
1,797,496 (707,377) - (2,209,881)
(588,953) (196,519) 50 (2,982,084)
1,692,790 1,326,876 242 12,228,580
$ 1,103,837 $ 1,130,357 $ 292 $ 9,246,496
89
COUNTY OF WELD
STATE OF COLORADO
Capital Expenditures Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
REVENUES
General property taxes $ 5,575,000 $ 5,575,000 $ 5,552,840 $ (22,160)
Penalties & interest - - 7,167 7,167
Total Taxes 5,575,000 5,575,000 5,560,007 (14,993)
Grant - 1,500,000 1,547,500 47,500
Fees 1,500,000 - 444,809 444,809
Earnings on deposits 100,000 100,000 460,427 360,427
Total Revenues 7,175,000 7,175,000 8,012,743 837,743
EXPENDITURES
Capital Outlay:
Buildings 16,758,801 26,258,801 12,847,491 13,411,310
Total Expenditures 16,758,801 26,258,801 12,847,491 13,411,310
Other Financing Sources (Uses):
Transfers - In:
General Fund - 7,500,000 7,500,000 -
Contingent Fund - 2,000,000 2,000,000 -
Total Other Financing Sources - 9,500,000 9,500,000 -
Net Change in Fund Balance (9,583,801) (9,583,801) 4,665,252 14,249,053
Fund Balance at Beginning of Year 7,065,296 7,065,296 7,065,296 -
Fund balance at End of Year $ (2,518,505) $ (2,518,505) $ 11,730,548 $ 14,249,053
90
COUNTY OF WELD
STATE OF COLORADO
Conservation Trust Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
REVENUES
Intergovernmental:
State lottery $ 365,000 $ 365,000 $ 453,233 $ 88,233
Miscellaneous:
Earnings on deposits 14,000 14,000 9,283 (4,717)
Total Revenues 379,000 379,000 462,516 83,516
EXPENDITURES
Culture and Recreation:
Land improvements 379,000 679,000 652,838 26,162
Total Expenditures 379,000 679,000 652,838 26,162
Net Change in Fund Balance - (300,000) (190,322) 109,678
Fund Balances at Beginning of Year 353,603 353,603 353,603 -
Fund balances at End of Year $ 353,603 $ 53,603 $ 163,281 $ 109,678
91
COUNTY OF WELD
STATE OF COLORADO
Contingent Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
REVENUES
Taxes:
General property taxes $ 1,300,000 $ 1,300,000 $ 1,292,487 $ (7,513)
Penalties & Interest - - 1,173 1,173
Total Taxes 1,300,000 1,300,000 1,293,660 (6,340)
Total Revenues 1,300,000 1,300,000 1,293,660 (6,340)
EXPENDITURES
Miscellaneous 6,150,000 2,850,000 - 2,850,000
Total Expenditures 6,150,000 2,850,000 - 2,850,000
Other Financing sources (Uses):
Transfers - Out:
Other - 3,300,000 3,300,000 -
Total Other Financing (Uses) - (3,300,000) (3,300,000) -
Net Change in Fund Balance (4,850,000) (4,850,000) (2,006,340) 2,843,660
Fund Balances at Beginning of Year 4,855,069 4,855,069 4,855,069 -
Fund Balances at End of Year $ 5,069 $ 5,069 $ 2,848,729 $ 2,843,660
92
COUNTY OF WELD
STATE OF COLORADO
Emergency Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
REVENUES
Taxes:
Total Revenues - - - -
EXPENDITURES 4,000,000 4,000,000 - 4,000,000
Other Financing Sources (Uses):
Transfers - In:
Non-Departmental - - - -
Total Other Financing Sources (Uses) - - - -
Net Change in Fund Balance (4,000,000) (4,000,000) - 4,000,000
Fund Balances at Beginning of Year 4,000,000 4,000,000 4,000,000 -
Fund Balances at End of Year $ - $ - $ 4,000,000 $ 4,000,000
93
COUNTY OF WELD
STATE OF COLORADO
Public Health Fund
Schedule of Revenues,Expenditures and
Changes in Fund Balances-Budget and Actual
For the fiscal year ended December 31,2006
Budgeted
Original Final Actual Variance
REVENUES
Intergovernmental:
State grants $ 2,322,507 $ 3,262,008 $ 3,034,882 $ (227,126)
Counties 2,590,119 1,090,119 - (1,090,119)
Total Intergovernmental 4,912,626 4,352,127 3,034,882 (1,317,245)
Charges for Services:
Charges for services 1,165,648 1,162,391 1,393,812 231,421
Total Charges for Services 1,165,648 1,162,391 1,393,812 231,421
Miscellaneous:
Fees and fines - - 7,750 7,750
Other 21,500 1,500 4,427 2,927
Donations - 15,000 25,297 10,297
Total Miscellaneous 21,500 16,500 37,474 20,974
Total Revenues 6,099,774 5,531,018 4,466,168 (1,064,850)
EXPENDITURES
Public Health and Welfare:
Public health administration 146,000 171,516 338,138 (166,622)
Health education 413,355 1,584,256 1,245,569 338,687
Nursing 4,179,133 3,487,108 3,061,244 425,864
Environmental health 2,068,663 2,341,549 2,179,044 162,505
Total Public Health and Welfare 6,807,151 7,584,429 6,823,995 760,434
Capital Outlay:
Environmental health - - 28,622 (28,622)
Total Capital Outlay - - 28,622 (28,622)
Total Expenditures 6,807,151 7,584,429 6,852,617 731,812
Other Financing Sources(Uses):
Transfers-In:
Non Departmental 707,377 707,377 1,797,496 1,090,119
Total Other Financing Sources 707,377 707,377 1,797,496 1,090,119
Net Change in Fund Balance - (1,346,034) (588,953) 757,081
Fund Balances at Beginning of Year 1,692,790 1,692,790 1,692,790 -
Fund Balance at End of Year $ 1,692,790 $ 346,756 $ 1,103,837 $ 757,081
94
COUNTY OF WELD
STATE OF COLORADO
Solid Waste Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances -Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
REVENUES
Landfill surcharge $ 1,350,000 $ 1,350,000 $ 1,252,508 $ (97,492)
Total Revenues 1,350,000 1,350,000 1,252,508 (97,492)
EXPENDITURES
Miscellaneous:
Solid waste 577,651 577,651 692,191 (114,540)
Code enforcement 64,972 64,972 49,459 15,513
Total Miscellaneous 642,623 642,623 741,650 (99,027)
Capital Outlay:
Code enforcement • - - - -
Total Expenditures 642,623 642,623 741,650 (99,027)
Other Financing Sources (Uses):
Transfers- Out:
Health department 707,377 707,377 707,377 -
Total Other Financing Sources (Uses) (707,377) (707,377) (707,377) -
Net Change in Fund Balance - - (196,519) (196,519)
Fund Balances at Beginning of Year 1,326,876 1,326,876 1,326,876 -
Fund Balances at End of Year $ 1,326,876 $ 1,326,876 $ 1,130,357 $ (196,519)
95
COUNTY OF WELD
STATE OF COLORADO
Bebee Draw Law Enforcement Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balances- Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
REVENUES
Taxes:
General property taxes $ 16,284 $ 16,284 $ 15,857 $ (427)
Specific ownership taxes 1,700 1,700 1,664 (36)
Penalties & Interest - - 29 29
Total Revenues 17,984 17,984 17,550 (434)
EXPENDITURES
Miscellaneous 17,984 17,984 17,500 484
Total Expenditures 17,984 17,984 17,500 484
Net Change in Fund Balance - - 50 50
Fund Balances at Beginning of Year 242 242 242 -
Fund Balances at End of Year $ 242 $ 242 $ 292 $ 50
96
COUNTY OF WELD
STATE OF COLORADO
Housing Authority
Schedule of Revenues, Expenditures and
Changes in Fund Balances- Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
REVENUES
Intergovernmental:
Federal Grants $ - $ - $ - $ -
State Grants 2,700,000 2,700,000 2,964,276 264,276
Total Intergovernmental 2,700,000 2,700,000 2,964,276 264,276
Miscellaneous:
Earnings on deposits - - 13,830 13,830
Miscellaneous 234,868 234,868 26,585 (208,283)
Total Miscellaneous 234,868 234,868 40,415 (194,453)
Total Revenues 2,934,868 2,934,868 3,004,691 69,823
EXPENDITURES
Rent assistance 2,700,000 2,700,000 2,563,820 136,180
Supplies 217,762 217,762 346,566 (128,804)
Depreciation 500 500 498 2
Total Expenditures 2,918,262 2,918,262 2,910,884 7,378
Net Change in Fund Balance 16,606 16,606 93,807 77,201
Fund Balances at Beginning of Year 1,908,969 1,908,969 1,908,969 -
Fund Balances at End of Year $ 1,925,575 $ 1,925,575 $ 2,002,776 $ 77,201
97
COUNTY OF WELD
STATE OF COLORADO
E-911 Authority
Schedule of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
REVENUES
Miscellaneous:
Earnings on deposits 50,000 50,000 120,709 70,709
Charge for service 1,320,000 1,320,000 1,418,942 98,942
Total Revenue 1,370,000 1,370,000 1,539,651 169,651
EXPENDITURES
Depreciation 103,000 103,000 107,657 (4,657)
Purchased services 974,565 974,565 570,735 403,830
Supplies 7,600 7,600 49,772 (42,172)
Grants and donations 250,000 250,000 250,000 Capital Outlay 483,000 483,000 - 483,000
Total Expenditures 1,818,165 1,818,165 978,164 840,001
Net Change in Fund Balance (448,165) (448,165) 561,487 1,009,652
Fund Balances at Beginning of Year 2,973,907 2,973,907 2,973,907 -
Fund Balances at End of Year $ 2,525,742 $ 2,525,742 $ 3,535,394 $ 1,009,652
98
at
WIIDe
COLORADO
Financial Planning 02101
The public report burden for this infomation collection is estimated to average 380 hours annually. Font#350-050-36
City or County:
Weld County
LOCAL HIGHWAY FINANCE REPORT YEAR ENDING:
December 2006
This Information From The Records Of County of Weld: Prepared By: Barbara Connolly
Phone: (970)356-4000 ext 4445
I. DISPOSITION OF HIGHWAY-USER REVENUES AVAILABLE FOR LOCAL GOVERNMENT EXPENDITURE
A. Local B. Local C. Receipts from D. Receipts from
ITEM Motor-Fuel Motor-Vehicle State Highway- Federal Highway
Taxes Taxes User Taxes Administration
1. Total receipts available
2. Minus amount used for collection expenses
3. Minus amount used for nonhighway purposes
4. Minus amount used for mass transit
5. Remainder used for hi hway a oses
II. RECEIPTS FOR ROAD AND STREET PURPOSES III. DISBURSEMENTS FOR ROAD
AND STREET PURPOSES
ITEM AMOUNT ITEM AMOUNT
A. Receipts from local sources: A. Local highway disbursements:
I. Local highway-user taxes I. Capital outlay(from page 2) 7558734
a. Motor Fuel (from Item I.A.5.) 2. Maintenance: 12597258
b. Motor Vehicle(from Item I.B.5.) 3. Road and street services:
c. Total(a.+b.) a. Traffic control operations
2. General fund appropriations b. Snow and ice removal 1253724
3. Other local imposts(from page 2) 13268489 c. Other 328384
4. Miscellaneous local receipts(from page 2) 4197057 d. Total (a.through c.) 1582108
5. Transfers from toll facilities 4. General administration&miscellaneous 2915627
6. Proceeds of sale of bonds and notes: 5. Highway law enforcement and safety
a. Bonds-Original Issues 6. Total (I through 5) 24653727
b. Bonds-Refunding Issues B. Debt service on local obligations:
c. Notes 1. Bonds:
d. Total(a.+b.+c.) 0 a. Interest
7. Total(1 through 6) 17465546 b. Redemption
B. Private Contributions c. Total a.+b. 0
C. Receipts from State government 2. Notes:
(from page 2) 10432855 a. Interest
D. Receipts from Federal Government b. Redemption
(from page 2) 379774 c. Total(a.+b.) 0
E. Total receipts(A.7+B+C+D) 28278175 3. Total (I.c+2.c) 0
C. Payments to State for highways
D. Payments to toll facilities
E. Total disbursements(A.6+B.3+C+D) 24653727
IV. LOCAL HIGHWAY DEBT STATUS
(Show all entries at par)
Opening Debt Amount Issued Redemptions Closing Debt
A. Bonds Total 0
I. Bonds(Refunding Portion)
B. Notes(Total) 0
V. LOCAL ROAD AND STREET FUND BALANCE
A.Beginning Balance B.Total Receipts C.Total Disbursements D.Ending Balance E.Reconciliation
15765393 28278175 24653727 19389841 0
Notes and Comments:
FORM FHWA-536(Rev.1-05) PREVIOUS EDITIONS OBSOLETE (Next Page)
100
STATE:
Colorado
LOCAL HIGHWAY FINANCE REPORT YEAR ENDING(mm/yy):
December 2006
II. RECEIPTS FOR ROAD AND STREET PURPOSES-DETAIL
ITEM AMOUNT ITEM AMOUNT
A.3. Other local im r osts: A.4. Miscellaneous local recei i ts:
a. Property Taxes and Assessments 6,655,334 a. Interest on investments 190,026
b. Other local imposts: b. Traffic Fines&Penalities
1. Sales Taxes c.Parking Garage Fees
2. Infrastructure&Impact Fees d. Parking Meter Fees
3. Liens e. Sale of Surplus Property
4.Licenses f. Charges for Services 1,186,687
5.Specific Ownership&/or Other 6,613,155 g. Other Misc.Receipts 1,257,248
6. Total(I.through 5.) 6,613,155 h. Other 1,563,096
c. Total a.+b. 13,268,489 i. Total a.through h. 4,197,057
(Carry forward to,a a I) (Carry forward to,a a I)
ITEM AMOUNT ITEM AMOUNT
C. Recei i ts from State Government D. Recei r ts from Federal Government
I. Hi:hwa -user taxes 9071824 1. FHWA from Item I.D.5.
2. State general funds 2. Other Federal agencies:
3. Other State funds: _ a. Forest Service 82,097
a. State bond proceeds b. FEMA
b. Project Match c. HUD
c. Motor Vehicle Registrations 336936 d. Federal Transit Admin
d.Other (Specify) 1024095 e. U.S.Corps of Engineers
e. Other(Specify) f. Other Federal 297,677
E Total(a.through e.) 1361031 g. Total(a.through f.) 379,774
4. Total 1.+2.+3. 10432855 3. Total I.+2.:
(Carty forward to page I)
III. DISBURSEMENTS FOR ROAD AND STREET PURPOSES-DETAIL
ON NATIONAL OFF NATIONAL
HIGHWAY HIGHWAY TOTAL
SYSTEM SYSTEM
a c
A.1. Capital outlay:
a. Right-Of-Way Costs 95,978 95,978
b. En ineerin Costs 1,418,134 1,418,134
c. Construction:
(I).New Facilities 5,450,939 5,450,939
(2). Capacity Improvements 593,683 593,683
(3). System Preservation 0
(4). System Enhancement&Operation 0
(5). Total Construction (I)+(2)+(3)+(4) 0 6,044,622 6,044,622
d. Total Ca ital Outla Lines I.a.+I.b.+1.c.5 0 7,558,734 7,558,734
(Carry forward to page I)
Notes and Comments:
FORM FHWA-536(Rev.1-05) PREVIOUS EDITIONS OBSOLETE
101
COUNTY OF WELD
STATE OF COLORADO
Combining Statement of Net Assets
Internal Service Funds
December 31, 2006
Motor Vehicle Health
Fund Insurance Fund Insurance Fund
ASSETS
Current Assets:
Cash and cash equivalents $ 90,283 $ 3,526,103 $ 1,405,882
Receivables (net of allowances for uncollectables):
Current property taxes - - 1,248,009
Delinquent property taxes - - 1,766
Accounts 66,837 - -
Due from other county funds 204,514 - 5,622
Inventories 19,209 -Other assets - - 15,292
Total current assets 380,843 3,526,103 2,676,571
Fixed assets:
Improvements other than buildings 485,897 - -
Buildings 1,800,977 - -
Machinery and equipment 27,172,704 - -
Accumulated depreciation (15,985,689) - -
Total Fixed Assets 13,473,889 - -
Total assets $ 13,854,732 $ 3,526,103 $ 2,676,571
LIABILITIES AND NET ASSETS
Current Liabilities:
Accounts payable $ 148,735 $ 7,635 $ 148,096
Accrued liabilities - - 810,882
Due to other county funds 8,576 - -
Unearned revenue - - 1,251,767
Unexpended grant revenue - 663,740 -
Current portion of long-term debt - - -
Total Current Liabilities 157,311 671,375 2,210,745
Long-term liabilities:
Certificates of participation - - -
Total Long-term Liabilities - - -
Total Liabilities 157,311 671,375 2,210,745
Net Assets
Invested in capital assets, net of related debt 13,473,889 - -
Restricted for:
Workers'compensation - - 465,826
Unrestricted 223,532 2,854,728 -
Total net assets 13,697,421 2,854,728 465,826
102
Phone Services Weld Finance Total Internal
Fund Corporation Service Funds
$ 1,241,856 $ 2,345 $ 6,266,469
-
1,248,009
- -
1,766
5,383 - 72,220
18,805 - 228,941
-
19,209
-
15,292
1,266,044 2,345 7,851,906
-
485,897
7,175,000 8,975,977
1,431,118 - 28,603,822
(1,198,100) (2,172,431) (19,356,220)
233,018 5,002,569 18,709,476
$ 1,499,062 $ 5,004,914 $ 26,561,382
$ 22,067 $ - $ 326,533
14,870 - 825,752
3,281 - 11,857
-
1,251,767
663,740
440,000 440,000
40,218 440,000 3,519,649
5,133,540 5,133,540
5,133,540 5,133,540
40,218 5,573,540 8,653,189
233,018 (570,971) 13,135,936
-
465,826
1,225,826 2,345 4,306,431
1,458,844 (568,626) 17,908,193
103
COUNTY OF WELD
STATE OF COLORADO
Combining Statement of Revenues, Expenses and Changes in Net Assets
Internal Service Funds
For the fiscal year ended December 31, 2006
Motor Vehicle Health
Fund Insurance Fund Insurance Fund
Operating revenues:
Contributions $ - $ 7,423,303 $ -
Charges for services 5,780,099 - 255,589
Total operating revenues 5,780,099 7,423,303 255,589
Operating expenses:
Personnel services - - -
Supplies 1,992,588 42 1,696
Purchased services 1,961,504 17,511 17,342
Insurance and bonds - - 438,558
Depreciation 2,294,629 - -
Other 60,709 - 451
Claims - 7,213,696 625,842
Total operating expenses 6,309,430 7,231,249 1,083,889
Operating income (loss) (529,331) 192,054 (828,300)
Nonoperating revenues (expenses):
Taxes - - 997,179
Miscellaneous 50 - 20,188
Interest income - - 58,819
State Grant 815,000 - -
Gain (loss)on disposition of assets 233,424 - -
Judgements and damages 80,655 - 27,516
Interest expense - - -
Total nonoperating revenues (expenses) 1,129,129 - 1,103,702
Income (loss) before contributions and transfers 599,798 192,054 275,402
Capital contributions 23,934 - -
Transfers in 1,300,000 - -
Changes in net assets 1,923,732 192,054 275,402
Total net assets - beginning 11,773,689 2,662,674 190,424
Total net assets - ending $ 13,697,421 $2,854,728 $ 465,826
104
Phone Services Weld Finance Total Internal
Fund Corporation Service Funds
$ - $ - $ 7,423,303
1,054,968 - 7,090,656
1,054,968 - 14,513,959
130,218 - 130,218
50,110 1,646 2,046,082
655,969 80 2,652,406
- -
438,558
82,891 239,167 2,616,687
226,437 - 287,597
7,839,538
1,145,625 240,893 16,011,086
(90,657) (240,893) (1,497,127)
-
997,179
742,293 762,531
1,574 60,393
-
815,000
-
233,424
- -
108,171
(322,293) (322,293)
421,574 2,654,405
(90,657) 180,681 1,157,278
23,934
- -
1,300,000
(90,657) 180,681 2,481,212
1,549,501 (749,307) 15,426,981
$ 1,458,844 $ (568,626) $ 17,908,193
105
COUNTY OF WELD
STATE OF COLORADO
Combining Statement of Cash Flows
Internal Service Funds
For the fiscal year ended December 31,2006
Motor Vehicle Health Insurance Insurance
Fund Fund Fund
CASH FLOWS FROM OPERATING ACTIVITIES
Cash flows from external customers $ 608,867 $ - $ 31,905
Cash flows from internal customers 4,972,920 7,528,012 254,648
Cash payments to external suppliers for goods and services (4,384,641) (7,063,827) (1,088,119)
Cash payments to internal suppliers for goods and services (125,437) - (2,077)
Cash payments to employees for services - (176,018) -
Judgements/damages/losses 80,655 - 27,516
Miscellaneous revenues 50 -Net cash provided(used)by operating activities 1,152,414 288,167 (776,127)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Taxes - - 997,179
Transfer from other County funds 1,300,000 - -
Miscellaneous - -Net cash provided by noncapital financing activities 1,300,000 - 997.179
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Acquisition of capital assets (4,832,173) - -
Principal paid on long-term debt - - -
Interest paid - - -
Proceeds from sale of capital assets 905,448 - -
Grants 876,438 -Net cash provided(used)for capital and related
financing activities (3,050,2871 - -
CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments - - 79.008
Net Increase(decrease)in Cash and Cash Equivalents (597,873) 288,167 300,060
Cash and Cash Equivalents at Beginning of Year 688,156 3,237,936 1,105,822
Cash and Cash Equivalents at End of Year $ 90 78a $ 3 526 103 $ 1 405 887
Reconciliation of operating income to net cash
provided(used)by operating activities:
Operating income $ (529,331) $ 192,055 $ (828,300)
Adjustments to reconcile operating income to
net cash provided(used)by operating activities:
Depreciation expense 2,294,629
Judgements/damages/losses 80,655 - 27,516
Miscellaneous revenue 50
Change in assets and liabilities
Increase)decrease in accounts receivable (17,288) 4,845 (252,801)
Increase)decrease in due from other funds (24,458) (842)
Increase)decrease in inventories 22,899
Increase)decrease in other assets 1,851 (13,073)
ncrease(decrease)in accounts payable (675,321) 2,291 19,958
ncrease(decrease)in accrued liabilities 20,509
ncrease(decrease)in other liabilities (1,272)
ncrease(decrease)in deferred revenue - 88,976 250,906
Total adjustments 1,681,745 96.112 52,173
Net cash provided by operating activities $ 1 152 41‘t $ 288 167 $ (776 1271
Noncash investing,capital,and financing activities:
Contributions of capital assets from(to)government $ 35,680
Capital asset trade-ins
106
Phone Service Weld Finance Total Internal
Fund Corp Service Funds
$ 105,252 $ - $ 746,024
948,288 13,703,868
(611,411) (1,726) (13,149,724)
(132,270) - (259,784)
(123,306) - (299,324)
108,171
50
186,553 (1,726) 849,281
997,179
(170,442) - 1,129,558
420,000 420.000
(170.442) 420.000 2.546.737
(180,681) - (5,012,854)
(418,354) (418,354)
(322,293) (322,293)
905,448
876,438
(180,681) (740.647) (3,971,615)
- 323.866 402,874
(164,570) 1,493 (172,723)
1,406,426 852 6.439.192
$ 1.241 856 $ 2 34:1 $ 6 266 469
$ 79,785 $ (240,893) $ (1,326,684)
82,891 239,167 2,616,687
108,171
50
(2,771) (268,015)
949 (24,351)
22,899
(11.222)
20,228 (632,844)
2,190 22,699
3,281 2,009
339.882
106.768 239.167 2,175,965
$ 186 553 $ (1 7261 $ 849.281
35,680
107
COUNTY OF WELD
STATE OF COLORADO
Combining Statement of Changes in Assets and Liabilities
Fiduciary Funds
For the fiscal year ended December 31, 2006
Balance Balance
1/1/2006 Additions Deductions 12/31/2006
GENERAL AGENCY FUND
Assets:
Cash and short-term investments $ 5,064,663 $ 4,046,292 $ 4,980,728 $ 4,130,227
Total Assets $ 5,064,663 $ 4,046,292 $ 4,980,728 $ 4,130,227
Liabilities:
Accounts payable $ 186,326 $ 442,624 $ 628,950 $ -
Due to other governments 4,878,337 4,134,952 4,883,062 4,130,227
Total Liabilities $ 5,064,663 $ 4,577,576 $ 5,512,012 $ 4,130,227
PAYROLL AGENCY FUND
Assets:
Cash and short-term investments $ 82,863 $ 16,723,804 $ 16,587,539 $ 219,128
Accounts receivable 44 517 561 -
Total Assets $ 82,907 $ 16,724,321 $ 16,588,100 $ 219,128
Liabilities:
Accounts payable $ 82,907 $ 17,946,598 $ 17,810,377 219,128
Total Liabilities $ 82,907 $ 17,946,598 $ 17,810,377 $ 219,128
EMPLOYEE FLEXIBLE SPENDING
Assets:
Cash and short-term investments $ 20,091 $ 483,925 $ 479,638 $ 24,378
Accounts receivable - - - -
Total Assets $ 20,091 $ 483,925 $ 479,638 $ 24,378
Liabilities:
Accounts payable $ 20,091 $ 24,649 $ 20,362 24,378
Total Liabilities $ 20,091 $ 24,649 $ 20,362 $ 24,378
TOTAL -ALL AGENCY FUNDS
Assets:
Cash and short-term investments $ 5,167,617 $ 21,254,021 $ 22,047,905 $ 4,373,733
Accounts receivable 44 517 561 0
Total Assets $ 5,167,661 $ 21,254,538 $ 22,048,466 $ 4,373,733
Liabilities:
Accounts payable $ 289,324 $ 18,413,871 $ 18,459,689 $ 243,506
Due to other governments 4,878,337 4,134,952 $ 4,883,062 4,130,227
Total Liabilities $ 5,167,661 $ 22,548,823 $ 23,342,751 $ 4,373,733
108
COUNTY OF WELD
STATE OF COLORADO
Paramedic Services Fund
Schedule of Revenues, Expenses and
Changes in Net Assets - Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
Operating Revenues:
Rescue unit fees $ 6,215,459 $ 7,555,459 $ 7,696,992 $ 141,533
Total Operating Revenues 6,215,459 7,555,459 7,696,992 141,533
Operating Expenses:
Bad debt expense 1,900,000 2,600,000 2,526,967 73,033
Personnel services 3,288,900 3,498,900 3,556,083 (57,183)
Supplies 250,000 330,000 269,234 60,766
Purchased services 454,748 654,748 633,776 20,972
Depreciation 143,000 173,000 185,558 (12,558)
Other 94,000 114,000 115,228 (1,228)
Total Operating Expenses 6,130,648 7,370,648 7,286,846 83,802
Operating Income (Loss) 84,811 184,811 410,146 225,335
Nonoperating Revenues:
State grants 79,189 79,189 86,922 7,733
Fees - - 9,169 9,169
Gain (loss)on disposition of assets - (20,000) 4,687 24,687
Total Nonoperating Revenues 79,189 59,189 100,778 41,589
Income(loss) before contributions and transfers 164,000 244,000 510,924 266,924
Capital contributions - - 11,746 11,746
Net Income (Loss) 164,000 244,000 522,670 278,670
Net Assets at Beginning of Year 2,125,890 2,125,890 2,125,890 -
Net Assets at end of Year $ 2,289,890 $ 2,369,890 $ 2,648,560 $ 278,670
109
COUNTY OF WELD
STATE OF COLORADO
Motor Vehicle Fund
Schedule of Revenues, Expenses and
Changes in Net Assets- Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
Operating Revenues:
Charges for services $ 3,516,709 $ 4,387,709 $ 3,485,470 $ (902,239)
Miscellaneous 2,200,000 2,200,000 2,294,629 94,629
Total Operating Revenues 5,716,709 6,587,709 5,780,099 (807,610)
Operating Expenses:
Supplies 1,440,000 1,990,000 1,992,588 (2,588)
Purchased services 1,991,300 1,991,300 1,961,504 29,796
Depreciation 2,200,000 2,200,000 2,294,629 (94,629)
Other 60,709 60,709 60,709 -
Total Operating Expenses 5,692,009 6,242,009 6,309,430 (67,421)
Operating income (loss) 24,700 345,700 (529,331) (875,031)
Nonoperating Revenues (Expenses):
Miscellaneous - - 50 50
State Grant - 815,000 815,000 -
Gain (loss)on disposition of assets 345,300 109,300 233,424 124,124
Judgements and damages - - 80,655 80,655
Total Nonoperating Revenues(Expenses) 345,300 924,300 1,129,129 204,829
Income(Loss) before contributions and transfers 370,000 1,270,000 599,798 (670,202)
Capital contributions - - 23,934 23,934
Transfers in - (1,300,000) 1,300,000 2,600,000
Net Income (Loss) 370,000 (30,000) 1,923,732 1,953,732
Net Assets at Beginning of Year 11,773,689 11,773,689 11,773,689 -
Net Assets at End of Year $ 12,143,689 $ 11,743,689 $ 13,697,421 $ 1,953,732
110
COUNTY OF WELD
STATE OF COLORADO
Health Insurance Fund
Schedule of Revenues, Expenses and
Changes in Net Assets- Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
Operating Revenues:
Contributions $ 8,279,724 $ 8,279,724 $ 7,423,303 $ (856,421)
Operating Expenses:
Supplies - - 42 (42)
Purchased services 27,000 27,000 17,511 9,489
Insurance and bonds 1,200,000 1,200,000 - 1,200,000
Claims 7,052,724 8,207,560 7,213,696 993,864
Total Operating Expenses 8,279,724 9,434,560 7,231,249 2,203,311
Operating Income (Loss) - (1,154,836) 192,054 1,346,890
Net Assets at Beginning of Year 2,662,674 2,662,674 2,662,674 -
Net Assets at End of Year $ 2,662,674 $ 1,507,838 $ 2,854,728 $ 1,346,890
111
COUNTY OF WELD
STATE OF COLORADO
Insurance Fund
Schedule of Revenues, Expenses and
Changes in Net Assets- Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
Operating Revenues:
Charges for services $ 231,800 $ 231,800 $ 255,589 $ 23,789
Operating Expenses:
Supplies 700 700 1,696 (996)
Purchased services 27,600 27,600 17,342 10,258
Insurance and bonds 390,000 390,000 438,558 (48,558)
Other 500 500 451 49
Claims 938,000 938,000 625,842 312,158
Total Operating Expenses 1,356,800 1,356,800 1,083,889 272,911
Operating Income (Loss) (1,125,000) (1,125,000) (828,300) 296,700
Nonoperating Revenues (Expenses):
Taxes 1,000,000 1,000,000 995,967 (4,033)
Penalties & interest - - 1,212 1,212
Interest income 25,000 25,000 58,819 33,819
Other - - 20,188 20,188
Judgments and damages 100,000 100,000 27,516 (72,484)
Total Nonoperating Revenues (Expenses) 1,125,000 1,125,000 1,103,702 (21,298)
Net Income (Loss) - - 275,402 275,402
Net Assets at Beginning of Year 190,424 190,424 190,424 -
Net Assets at End of Year $ 190,424 $ 190,424 $ 465,826 $ 275,402
112
COUNTY OF WELD
STATE OF COLORADO
Phone Service Fund
Schedule of Revenues, Expenses and
Changes in Net Assets- Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
Operating Revenues:
Charges for services $ 880,000 $ 1,050,000 $ 1,054,968 $ 4,968
Operating Expenses:
Personnel services 122,994 132,994 130,218 2,776
Supplies 14,500 49,500 50,110 (610)
Purchased services 626,291 706,291 655,969 50,322
Depreciation 60,220 85,220 82,891 2,329
Other 55,995 230,995 226,437 4,558
Total Operating Expenses 880,000 1,205,000 1,145,625 59,375
Operating Income (Loss) - (155,000) (90,657) 64,343
Capital contributions and transfers
Net Income (Loss) - (155,000) (90,657) 64,343
Net Assets at Beginning of Year 1,549,501 1,549,501 1,549,501 -
Net Assets at End of Year $ 1,549,501 $ 1,394,501 $ 1,458,844 $ 64,343
113
COUNTY OF WELD
STATE OF COLORADO
Weld Finance Corporation
Schedule of Revenues, Expenses and
Changes in Net Assets- Budget and Actual
For the fiscal year ended December 31, 2006
Budgeted
Original Final Actual Variance
Operating Revenues:
Operating Expenses:
Supplies - - 1,646 (1,646)
Purchased services - - 80 (80)
Depreciation 420,000 420,000 239,167 180,833
Total Operating Expenses 420,000 420,000 240,893 179,107
Operating Income (Loss) (420,000) (420,000) (240,893) 179,107
Nonoperating Revenues (Expenses):
Miscellaneous 742,293 742,293 742,293 -
Interest income - - 1,574 1,574
Interest expense (322,293) (322,293) (322,293) -
Total Nonoperating Revenues(Expenses) 420,000 420,000 421,574 1,574
Net Income (Loss) - - 180,681 180,681
Net Assets at Beginning of Year (749,307) (749,307) (749,307) -
Net Assets at End of Year $ (749,307) $ (749,307) $ (568,626) $ 180,681
114
STATISTICAL
2`
AlPh
Y
SECTION
'01/ritl4
COLORADO
STATISTICAL SECTION
(unaudited)
This part of the Weld County Government's comprehensive financial report presents
detailed information as a context for understanding what the information in the financial
statements, note disclosures, and required supplementary information says about the
government's overall financial health.
Contents Page
Financial Trends 116
These schedules contain trend information to help the reader understand
how the government's financial performance and well-being have changed
over time.
Revenue Capacity 121
These schedules contain information to help the reader assess the
government's most significant local revenue source, the property tax.
Debt Capacity 125
Weld County is without bonded debt and, accordingly, the following
statistical tables are not presented: Ratios of Outstanding Debt by Type
and Ratios of General Bonded Debt Oustanding.
Demogranphic and Economic Information 128
These schedules offer demographic and economic indicators to help the
reader understand the environment within which the government's
financial activities take place.
Operating Information 130
These schedules contain service and infrastructure data to help the
reader understand how the information in the government's financial
report relates to the services the government provides and the acitivities
it performs.
Sources: Unless otherwise noted,the information in these schedules is derived from the comprehensive
annual financial reports for the relevant year.
115
COUNTY OF WELD
STATE OF COLORADO
Net Assets by Component
Last Five Years
(accrual basis of accounting)
Fiscal Year
2002 2003 2004 2005 2006
Governmental activities
Invested in capital assets,net of related debt $ 253,141,316 $ 247,764,877 $ 238,640,911 $ 231,271,356 $ 233,626,280
Restricted for
Programs 3,307,949 3,169,309 4,199,374 4,695,690 3,953,450
Emergencies 3,025,505 3,025,505 3,500,000 4,000,000 4,000,000
Claims 1,663,948 1,748,948 1,748,949 1,748,950 1,748,951
Unrestricted 27,713,273 26,511,213 30.759,296 39.782.093 48.545,826
Total governmental activities net assets $ 288 851 991 $ 282 219 857 $ 778 848 530 $ 281 498.084 $ 291 874.507
Business-type activities
Invested in capital assets,net of related debt $ 941,049 $ 834,285 $ 864,425 $ 809,643 $ 852,705
Unrestricted (86,086) (266,7361 (4.761) 1,508,322 2,118,077
Total business-type activities net assets $ 854 963 $ 567 549 $ 859 664 $ 2 317 965 R 7 970 782
Primary government
Invested in capital assets,net of related debt $ 254,082,365 $ 248,599,162 $ 239,505,336 $ 232,080,999 $ 234,478,985
Restricted 7,997,402 7,943,762 9,448,323 10,444,640 9,702,401
Unrestricted 27,627.187 26.244.477 30,754,535 41,290,415 50,663.903
Total primary government net assets $ 289 706 954 $ 282 787 401, $ 279 708.194 $ 283 816 054 $ 294 845 289
Note: The County implemented GASB Statement No.34 in fiscal year 2002,therefore,only five years of
government-wide financial data is presented.
116
COUNTY OF WELD
STATE OF COLORADO
Changes in Net Assets
Last Five Years
(accrual basis of accounting)
Fiscal Year
2002 2003 2004 2005 2006
Expenses
Governmental activities:
General government $ 19,978,184 $ 23,618,753 $ 21,174,906 $ 23,047,725 $ 26,641,373
Public safety 24,079,553 27,827,685 28,425,957 30,449,441 32,562,998
Streets and highways 34,283,421 33,353,129 32,688,807 36,919,372 37,068,628
Health and welfare 21,721,740 21,404,255 23,538,421 24,843,147 26,179,807
Culture and recreation 1,036,099 776,322 1,005,697 771,295 1,549,379
Economic assistance 11,079,949 11,411,322 12,646,785 13,736,745 11,747,943
Interest on long-term debt 406,155 377,233 358,054 340,411 322,293
Total governmental activities expenses 112,585.101 118,768.699 119,838.627 130,108,136 136,072,421
Business-type activities:
Paramedic service 6,743,936 8,800 646 9.738.148 6.366,088 7.156.700
Total primary government expenses $ 119 329 037 $ 127 569'345 $ 129 576 77$ $ 136 474 224 $ 143.229.121
Program Revenues
Governmental activities:
Charges for services:
General government $ 9,425,679 $ 8,677,015 $ 8,086,983 $ 9,792,423 $ 12,265,623
Public Safety 3,894,565 5,085,767 7,609,527 5,430,422 6,378,749
Streets and highways 2,021,319 2,279,939 1,157,634 3,433,713 4,023,310
Health and welfare 13,664,895 11,486,561 12,699,858 13,664,206 14,949,936
Culture and recreation 266,900 1,375 309,948 333,293 345,990
Economic assistance 922,549 1,576,106 862,223 1,156,012 1,186,129
Operating grants and contributions 26,156,456 25,963,243 27,124,685 27,885,047 30,045,943
Capital grants and contributions - - - - -
Total governmental activities program revenues 56,352,363 55,070,006 57,850,858 61,695,116 69,195,680
Business-type activities:
Paramedic service 6,815,683 8.518.289 10.035,874 7,829,714 7,710,848
Total primary government revenues 63.168.046 63.588.295 67.886,732 69,524,830 76,906.528
Net(Expenses)/Revenue
Governmental activities (56,232,738) (63,698,693) (61,987,769) (68,413,020) (66,876,741)
Business-type activities 71,747 (282,357) 297,726 1,458,301 652,816
Total primary government net $ (56 180 991) $ (69981 0501 $ (61 690 041) $ (66 954 719) $ (66 279 925)
(CONTINUED)
117
COUNTY OF WELD
STATE OF COLORADO
Changes in Net Assets
Last Five Years
(accrual basis of accounting)
Fiscal Year
2002 2003 2004 2005 2006
General Revenues and Other Changes in Net Assets
Governmental activities:
Taxes:
Property taxes $ 45,233,546 $ 47,532,602 $ 50,785,919 $ 56,382,533 $ 62,124,792
Specific Ownership 5,467,148 5,540,872 6,795,897 6,627,991 6,614,819
Other 2,376,581 2,492,418 3,333,336 3,733,025 5,266,786
Unrestricted investment earnings 2,052,594 1,563,120 1,644,979 2,679,442 4,539,172
Donated capital assets 0 0 0 355,784 7,602
Gain on sale of capital assets 10,030 (94,544) (2,358,185) - -
Transfers - - - - (1,300,000)
Total governmental activities 55,139,899 57,034,468 60,201,946 69,778,775 77,253,171
Business-type activities:
Paramedic service - (5,057) (5,611) - -
Total primary government $ 55-139 89Q R 57 029 411 $ 60 196 335 $ 6%778 775 $ 77 253 171
•
Change in Net Assets
Governmental activities $ (1,092,839) $ (6,664,225) $ (1,785,823) $ 1,365,755 $ 10,376,430
Business-type activities 71,747 (287,414) 292,115 1,458,301 652,816
Total primary government $ (1 021 092) $ (6 951 6391 $ (1 491708) $ 2 824 05Q $ 11 029 246
118
COUNTY OF WELD
STATE OF COLORADO
Fund Balances of Governmental Funds
Last Five Years
(modified accrual basis of accounting)
Fiscal Year
2002 2003 2004 2005 2006
General Fund
Reserved $ 3,249,297 $ 1,342,369 $ 1,516,298 $ 1,486,188 $ 946,073
Unreserved 2,921,157 3,727,307 6.699.941 7,648,920 10,630.592
Total general fund $ 6 170 454 $ 5 069.676 $ 8 216 239 $ 9 135 108 $ 11.576 665
All other Governmental Funds
Reserved $ 6,984,908 $ 2,666,118 $ 4,139,435 $ 8,834,511 $ 15,019,004
Unreserved, reported in:
Special revenue funds 19,512,384 22,023,076 25,360,820 26,155,751 29,281,236
Capital projects funds 294,482 2,830,614 697,779 3,511,495 0
Debt service funds - - - - -
Total for all governmental funds $ 32 962 2?8 $ 32.589.484 $ 38 414 27a S 47 636 865 $ 55 876.905
119
COUNTY OF WELD
STATE OF COLORADO
Changes in Fund Balances,Governmental Funds
Last Five Years
(modified accrual basis of accounting)
Fiscal Year
2002 2003 2004 2005 2006
Revenues
Taxes $ 50,771,861 $ 53,080,974 $ 57,698,294 $ 63,261,095 $ 69,178,181
Licenses and permits 2,205,420 1,760,546 1,834,849 2,119,419 3,188,354
Intergovernmental 40,511,590 38,299,161 40,652,682 41,110,202 44,982,577
Fines and forfeitures 159,246 75,488 69,538 204,530 135,908
Charges for Services 5,746,678 6,887,469 7,345,819 8,618,819 8,232,213
Miscellaneous 5,536,066 4,739,386 5,329,931 7,582,510 13,377,598
Fees 6,638,831 7,387,204 7.454,831 8.175,907 8,602,079
Total Revenues 111,569,692 112,230,228 120,385,944 131.072,482 147,696,910
Expenditures
Current:
General government 19,100,208 21,910,296 20,566,315 22,384,671 25,366,204
Public Safety 23,435,572 27,212,371 27,475,345 29,834,629 31,881,427
Public Works 23,465,325 21,407,821 22,734,695 25,490,667 26,315,156
Public health and welfare 21,327,335 20,896,282 23,046,109 24,284,817 25,993,962
Culture and recreation 1,046,374 764,449 1,007,208 775,903 1,550,929
Economic assistance 10,892,932 11,365,585 12,450,198 13,572,861 11,746,242
Capital outlay 9,590,948 8,668,934 6,923,230 5,165,931 14,980,649
Debt service
Interest 406,155 377,233 358,054 340,411 322,293
Principal - - - - -
Total Expenditures 109,264,849 112,602.971 114.561,154 121,849,890 138,156.862
Excess of revenues over(under)expenditures 2,304.843 (372.743) 5.824,790 9,222,592 9,540,048
Other Financing Sources(Uses)
Transfers-in 5,144,682 2,482,745 4,299,153 7,436,144 11,309,847
Transfers-out 5,144,682 2,482,745 4,299,153 7,436,144 12,609,847
Total Other Financing Sources(Uses) - - - - (1,300,000)
Net changes in Fund Balance $ 2 104 848 $ (372 743) $ 5 824.79Q $ 9222 592 $ 8 240 048
Debt Service as a percentage of noncapital expenditures 0.41% 0.36% 0.33% 0.29% 0.26%
120
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121
COUNTY OF WELD
STATE OF COLORADO
Property Tax Rates Direct and Overlapping Governments
Last Ten Years
Overlapping Rates
Levy Direct City of School Aims Weld
Year Coin Greeley District 6 College Library
1997 22.040 11.274 53.725 6.250 1.500
1998 22.040 11.274 49.617 6.320 1.409
1999 22.040 11.274 49.099 6.250 1.449
2000 22.038 10.635 47.315 6.343 3.249
2001 22.038 11.274 46.974 6.351 3.249
2002 20.559 11.274 50.320 6.620 3.249
2003 20.056 11.274 47.981 6.316 3.249
2004 21.474 11.274 46.453 6.322 3.249
2005 19.957 11.274 44.711 6.328 3.249
2006 17.900 11.274 41.129 6.357 3.281
The basis for the property tax rates is per$1,000 assessed valuation.
Source: Office of the Weld County Assessor.
122
COUNTY OF WELD
STATE OF COLORADO
Principal Property Taxpayers
2006 1997
Percent Percent
Of Total County Of Total County
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Value Rank Value Value Rank Value
Kerr-McGee Rocky Mountain Corporation $ 563,270,950 1 13.40%
Noble Energy $ 545,469,930 2 12.98%
Encana Oil&Gas(USA)Inc 168,944,360 3 4.02%
Petroleum Development Corp 105,223,960 4 2.50%
Public Service Company of Colorado(Xcel) 96,337,200 5 2.29% $ 47,437,800 4 3.21%
Rocky Mountain Enery Center 84,814,300 6 2.02%
Petro-Canada Resources(USA)Inc 74,504,610 7 1.77%
Merit Energy 66,341,460 8 1.58%
Duke Energy Field Services Inc 42,713,610 9 1.02%
Eastman Kodak Company 40,964,880 10 0.97% 71,292,840 3 4.82%
Patina Oil&Gas Corporation 97,802,800 1 6.61%
HS Resources Inc 78,874,720 2 5.33%
Amoco Production Company 35,867,890 5 2.42%
Thermo Cogeneration Partnership 33,657,400 6 2.27%
Duke Energy Field Services Inc 18,203,020 7 1.23%
US West Communications Incorporated 17,357,600 8 1.17%
Prima Oil&Gas Company 13,056,330 9 0.88%
North American Resources Company 10,346,500 10 0.70%
$ 1,788,585,260 42.55% $ 423,896,900 28.64%
Source:
Weld County Assessor
123
COUNTY OF WELD
STATE OF COLORADO
Property Tax Levies and Collections
Last Ten Years
Collected within the
Taxes Levied Ficsal Year of the Levy Collections Total Collections to Date
Levy Coiled for the Tax Percent in Subsequent Tax Percent
Year Year Fiscal Year(1) Amount(2) of Levy Years 3 Amount(3) of Levy
1996 1997 29,246,805 28,843,296 98.620% 684 28,843,980 98.623%
1997 1998 32,543,342 32,222,578 99.014% 144 32,222,722 99.015%
1998 1999 34,162,938 34,094,225 99.799% 16,002 34,110,227 99.846%
1999 2000 35,976,391 35,788,843 99.479% 92,119 35,880,962 99.735%
2000 2001 38,774,962 38,275,747 98.713% 53,691 38,329,438 98.851%
2001 2002 45,619,589 45,566,346 99.883% 53,243 45,619,589 100.000%
2002 2003 48,640,425 48,410,396 99.527% 98,911 48,509,307 99.730%
2003 2004 53,350,030 53,094,454 99.521% (213,680) 52,880,774 99.120%
2004 2005 59,680,948 59,395,927 99.522% (76,449) 59,319,478 99.394%
2005 2006 64,636,463 64,580,198 99.913% - 64,580,198 99.913%
Source:
1)Final Budget
2)YTD Treasurer's Tax Distribution
3)YTD Treasurer's Tax Distribution 2001 forward. Negative values reflect subsequent rebates and adjustments.
124
COUNTY OF WELD
STATE OF COLORADO
Direct and Overlapping Governmental Activities Debt
December 31, 2006
Net General
Obligation Percentage Amount
Bonded Debt Applicable to Applicable to
Jurisdiction Outstanding Government(11 Government
Cities&Towns $ 60,594,442 84.49% $ 51,195,938
Schools 797,383,560 42.16% 336,198,970
Special Districts 123,734,786 86.45% 106,971,782
Total Overlapping $ 981 712 788 $ 494 366 690
Source: Debt outstanding provided by each governmental unit.
Note:
(1) Overlapping governments are those that coincide, at least in part, with the
geographic boundaries of the county. This schedule estimates the portion of the
outstanding debt of those overlapping governments that is borne by residents and
businesses of Weld County. This process recognizes that,when considering
the county's ability to issue and repay long-term debt, the entire debt burden borne
by the residents and businesses should be taken into account. However, this does
not imply that every taxpayer is a resident, and therefore responsible for repaying
the debt, of each overlapping government.
125
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126
COUNTY OF WELD
STATE OF COLORADO
Private Purpose Revenue Bonds
December 31,2006
INDUSTRIAL REVENUE BONDS:
DEBT REVENUE BOND
TYPE OF ISSUE OUTSTANDING OUSTANDING
ISSUER FACILITY AMOUNT DATE BEGINNING OF YEAR ISSUED RETIRED END OF YEAR
Waste Service Corporation Landfill $860,000 2/91 $375,000 $0 $60,000 $315,000
Waste Service Corporation Landfill 2,500,000 2/91 1,235,000 0 165,000 1,070,000
MAK Group,LLC Manufacturing 1,345,000 6/01 1,345,000 0 0 1,345,000
Centennial Area Office
Health Education Central 388,000 5/99 313,198 0 14,698 298,500
GSSLB Association Nursing Home
Nursing Home 2,020,000 10/98 1,530,000 0 105,000 1,425,000
Greeley Center for Therapeutic 1,650,000 9/03 1,525,454 0 59,333 1,466,121
Independence,Inc Center
BSC Hudson Manufacturing 5,715,000 10/05 5.715,000 0 0 5.715.000
TOTAL PRIVATE PURPOSE REVENUE BONDS $12 098 652 $Q $404 031 $11 634 621
127
COUNTY OF WELD
STATE OF COLORADO
Demographic and Economic Statistics
Last Ten Years
Total
Personal Income Per Unemployment
Year Population ($ billion) Capita Income Rate
1997 154,930 3.12 20,038 3.80%
1998 166,547 3.52 21,144 3.90%
1999 174,342 3.89 22,301 3.70%
2000 180,936 4.22 23,016 2.70%
2001 193,929 4.36 22,469 4.00%
2002 202,329 5.02 24,571 6.10%
2003 207,120 5.14 24,279 6.70%
2004 217,652 5.38 25,274 5.40%
2005 221,957 5.79 25,968 5.00%
2006 229,377 5.84 25,495 3.80%
Source: Upstate Colorado in cooperation with University of Northern Colorado
and the State of Colorado demographer.
128
COUNTY OF WELD
STATE OF COLORADO
Principal Employers
Current Year and Ten Years Ago
2006 1996
Percent Percent
Of Total County Of Total County
Employees Rank Employment Employees Rank Employment
Northern Colorado Medical Center 2700 1 2.63% 1357 5 1.69%
Swift&Company 2300 2 2.24% 4331 1 5.39%
State of Colorado(includes UNC) 2066 3 2.01% 1957 3 2.44%
School District 6 2052 4 2.00% 1675 4 2.09%
Eastman Kodak Company 1650 5 1.61% 2443 2 3.04%
State Farm Insurance Companies 1445 6 1.41% 764 10 0.95%
Weld County Government 1400 7 1.36% 1000 8 1.25%
City of Greeley 942 8 0.92% 844 9 1.05%
Startek USA 906 9 0.88%
Wal-mart Super Center 856 10 0.83%
Aims Community College 1167 7 1.45%
Hewlett Packard 1220 6 1.52%
Total Principal Employers 16,317 15.89% 16,758 20.87%
Other Employers 86,395 84.11% 63,542 79.13%
Total County Employment 102,712 100.00% 80,300 100.00%
Source: Upstate Colorado
Total Employment from Colorado Department of Labor
129
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COUNTY OF WELD
STATE OF COLORADO
Operating Indicators by Function/Program
Last Seven Years
Fiscal Year
2000 2001 2002 2003 2004 2O05 2006
Function/Program
General government:
Motor vehicle registration 478,727 294,019 305,879 433,188 439,146 462,877 466,777
Registered voters(1) 80,041 79,289 85,161 76,245 98,692 99,711 100,924
Number of votes cast(2) 65,317 22,422 56,730 32,476 89,099 46,327 68,871
Percent of registered voters voting 81.6% 28.3% 66.6% 42.6% 90.3% 46.5% 68.2%
Public safety:
Adult arrests 1,457 1,520 1,435 2,738 1,387 1,543 1,574
Juvenile arrests 250 220 337 491 218 206 215
Average secure jail population 303 298 330 371 402 455 579
E911 calls 55,807 52,000 84,420 72,396 75,276 79,425 92,045
Building Permits 2,190 2,180 2,082 1,941 2,012 2,082 1,972
Valuation(thousands) $143,856 $148,426 $125,336 $201,442 $132,178 $104,225 $399,473
Public works:
Miles of road graveled 427 440 440 440 401 401 160
Snow removal lane miles 1370 1390 1390 1,406 33,710 78,435 125,225
Grading lane miles 123,718 131,171 131,171 126,000 175,910 165,681 164,906
Miles of Upgrade-Aggregate Surfaced Roads 26 5 5 8 10 0 10
Culverts(new and repaired)15"and larger 204 240 240 240 217 217 242
Tons of asphalt laid 102,221 80,055 80,055 101,243 95,634 95,634 70,421
Tons of gravel crushed 490,000 500,000 500,000 510,000 487,477 487,477 408,409
Health and welfare:
Social Services Caseload 9,900 9,900 9,900 9,900 12,000 14,000 14,500
Patient contacts 17,271 16,207 16,207 14,601 15,000 11,000 30,440
Immunizations 15,979 17,730 5,848 4,600 7,500 6,900 6,360
Culture and recreation:
Visitors-Missile Park 700 700 695 558 575 575 586
County Fair Exhibitors -- 5,000 2,370 2,410 2,410 2,220 2,422
Economic assistance:
Headstart clients 524 537 577 641 622 562 562
Migrant Headstart clients 250 99 200 146 175 266 266
Business-type activities:
Paramedic Services
Patients transported 6,973 6,687 7,027 7,060 7,331 7,284 8,375
Source:Various Weld County Department records.
Note:
(1)Beginning in 1999 the number of registered voters reflects active voters.
(2)Even years represent general elections,odd years coordinated elections.
131
COUNTY OF WELD
STATE OF COLORADO
Capital Asset Statistics by Function/Program
Last Seven Years
Fiscal Year
2000 2001 2002 2003 2004 2005 2006
Function/Program
General government:
Building Square Footage 585,045 604,100 620,310 684,551 684,551 719,723
Courtrooms 9 9 9 9 10 12 18
Information Systems Connections 959 997 1,240 1,292 1,292
Public safety:
Jail capacity(beds) 454 454 454 454 386 386 386
Patrol cars 35 36 44 43 42 46 55
Radios and cell phones 828 857 947 939 1,140 1,229
Public works:
Miles of Roads
Paved 665 665 670 679 671 681 675
Unpaved 2,490 2,484 2,457 2,438 2,425 2,394 2,387
Un-maintained 255 254 253 250 252 512 327
Grader sheds 18 18 18 18 18 18 18
Motor graders 27 27 30 29 30 30 30
Health and welfare:
Altemative fuel vehicles 4 4 4 5 6 4 4
Economic assistance:
Headstart sites 12 12 12 11 11 11 11
Business-type activities:
Paramedic Services
Ambulances 11 11 10 10 10 10 10
Source: Weld County Department records and Fixed Asset Inventory
132
COUNTY OF WELD
STATE OF COLORADO
Insurance in Force
December 31,2006
Policy Policy Period Annual
Name of Company Number Begins Expires Details of Coverage Liability Limits Premium
Midwest Employers ECW005661 01/01/06 12/31/06 Excess Worker's Employer's Liability
Casualty Company Compensation $1,000,000/Accident.
Worker's Compensation
Statutory Limits with
County retaining first
$450,000 each claim. $58,078
Lexington 7479205 01/01/06 12/31/06 Property damage, Property: $50,000,000/
(Colorado Counties automobile liabilities, occupancy/$500 deductible.
Casualty&Property general liability,public All Liability: $250,000/person;
Pool) officials. $600,000/claim.
Excess Liability: (Federal and
Out-of-State Only)
$2,750,000/person Excess
$250,000: $600,000/Claim.
St.Paul Fire and Marine GP06301814 Excess Casualty and Excess$400,000
Insurance Company Boiler&Machinery Crime: $150,000/Loss
(Colorado Counties $500 Deductible
Casualty&Property Property Claim
Pool) County retaining first $270,150
$125,000 each claim
133
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BONDI & Co. wr
44 INVERNESS DRIVE EAST (303)7946826 Pt1ONE
ENGLEWOOD,COLORADO 80112 CERTIFIED PUBLIC ACCOUNTANTS (800)250-9083 TOLL-FREE
www.bondico.com MANAGEMENT CONSULTANTS (303)799-6926 FAX
Board of County Commissioners
Weld County
Greeley, Colorado
Report on Internal Control Over Financial Reporting and on
Compliance and Other Matters Based on an Audit of Financial
Statements Performed in Accordance with Government Auditing Standards
We have audited the financial statements of the governmental activities, the business-type
activities, the aggregate discretely presented component units, each major fund, and the
aggregate remaining fund information of Weld County, Colorado, as of and for the year
ended December 31, 2006, and have issued our report thereon dated June 20, 2007. We
did not audit the financial statements of the Weld County Housing Authority, which
represents 37 percent, 36 percent, and 66 percent, respectively, of the assets, net assets
and revenues of the discretely presented component units. Those financial statements
were audited by other auditors whose report thereon has been furnished to us, and our
opinion, insofar as it relates to the amounts included for the Weld County Housing
Authority, is based on the report of the other auditors. We conducted our audit in
accordance with auditing standards generally accepted in the United States of America
and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States.
Internal Control Over Financial Reporting
In planning and performing our audit, we considered Weld County, Colorado's internal
control over financial reporting as a basis for designing our auditing procedures for the
purpose of expressing our opinion on the financial statements, but not for the purpose of
expressing an opinion on the effectiveness of Weld County, Colorado's internal control
over financial reporting. Accordingly, we do not express an opinion on the effectiveness of
Weld County, Colorado's internal control over financial reporting.
Our consideration of internal control over financial reporting was for the limited purpose
described in the preceding paragraph and would not necessarily identify all deficiencies in
internal control over financial reporting that might be significant deficiencies or material
weaknesses. However, as discussed below, we identified a certain deficiency in internal
control over financial reporting that we consider to be a significant deficiency.
140
.
UN�Gk 111C'nil
Affiliate Offices Worldwide
Board of County Commissioners
Weld County
Greeley, Colorado
A control deficiency exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions,
to prevent or detect misstatements on a timely basis. A significant deficiency is a control
deficiency, or combination of control deficiencies, that adversely affects Weld County,
Colorado's ability to initiate, authorize, record, process, or report financial data reliably
in accordance with generally accepted accounting principles such that there is more than
a remote likelihood that a misstatement of Weld County, Colorado's financial statements
that is more than inconsequential will not be prevented or detected by Weld County,
Colorado's internal control. We consider one deficiency described in the accompanying
schedule of findings and questioned costs to be a significant deficiency in internal control
over financial reporting. The significant deficiency is finding 06-03.
A material weakness is a significant deficiency, or combination of significant deficiencies,
that results in more than a remote likelihood that a material misstatement of the financial
statements will not be prevented or detected by Weld County, Colorado's internal control.
Our consideration of the internal control over financial reporting was for the limited
purpose described in the first paragraph of this section and would not necessarily identify
all deficiencies in the internal control that might be significant deficiencies and,
accordingly, would not necessarily disclose all significant deficiencies that are also
considered to be material weaknesses. However, we believe that the significant deficiency
described above is not a material weakness.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether Weld County, Colorado's
financial statements are free of material misstatement, we performed tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements,
noncompliance with which could have a direct and material effect on the determination of
financial statement amounts. However, providing an opinion on compliance with those
provisions was not an objective of our audit, and accordingly, we do not express such an
opinion. The results of our tests disclosed no instances of noncompliance or other matters
that are required to be reported under Government Auditing Standards.
Weld County, Colorado's responses to the findings identified in our audit are described in
the accompanying schedule of findings and questioned costs. We did not audit Weld
County, Colorado's responses, and accordingly, we express no opinion on them.
141
Board of County Commissioners
Weld County
Greeley, Colorado
This report is intended solely for the information and use of the County Commissioners,
management, others within the County, and federal awarding agencies and pass-through
entities and is not intended to be and should not be used by anyone other than these
specified parties.
ea. ccc
June 20, 2007 BONDI& Co. ac
142
`t..0
BONDI & Co.
44 INVERNESS DRIVE EAST (303)799-6826 PHONE
ENGLEWOOD,COLORADO 80112 CERTIFIED PUBLIC ACCOUNTANTS (800)250-9083 'rota-FREE
www.bondico.com MANAGEMENT CONSULTANTS (303)799-6926 FAX
Board of County Commissioners
Weld County
Greeley, Colorado
Report on Compliance with Requirements Applicable to Each
Major Program and Internal Control Over Compliance
in Accordance with OMB Circular A-133
Compliance
We have audited the compliance of Weld County, Colorado, with the types of compliance
requirements described in the U. S. Office of Management and Budget (OMB) Circular A-
133 Compliance Supplement that are applicable to each of its major federal programs for
the year ended December 31, 2006. Weld County, Colorado's major federal programs
are identified in the summary of auditors' results section of the accompanying schedule of
findings and questioned costs. Compliance with the requirements of laws, regulations,
contracts, and grants applicable to each of its major federal programs is the responsibility
of Weld County, Colorado's management. Our responsibility is to express an opinion on
Weld County, Colorado's compliance based on our audit.
We conducted our audit of compliance in accordance with auditing standards generally
accepted in the United States of America; the standards applicable to financial audits
contained in Government Auditing Standards, issued by the Comptroller General of the
United States; and OMB Circular A-133, Audits of States, Local Governments, and Non-
Profit Organizations. Those standards and OMB Circular A-133 require that we plan and
perform the audit to obtain reasonable assurance about whether noncompliance with the
types of compliance requirements referred to above that could have a direct and material
effect on a major federal program occurred. An audit includes examining, on a test
basis, evidence about Weld County, Colorado's compliance with those requirements and
performing such other procedures as we considered necessary in the circumstances. We
believe that our audit provides a reasonable basis for our opinion. Our audit does not
provide a legal determination of Weld County, Colorado's compliance with those
requirements.
143
%NI
Affiliate Offices Worldwide
Board of County Commissioners
Weld County
Greeley, Colorado
In our opinion, Weld County, Colorado, complied, in all material respects, with the
requirements referred to above that are applicable to each of its major federal programs
for the year ended December 31, 2006.
Internal Control Over Compliance
The management of Weld County, Colorado, is responsible for establishing and
maintaining effective internal control over compliance with the requirements of laws,
regulations, contracts and grants applicable to federal programs. In planning and
performing our audit, we considered Weld County, Colorado's internal control over
compliance with the requirements that could have a direct and material effect on a major
federal program in order to determine our auditing procedures for the purpose of
expressing our opinion on compliance, but not for the purpose of expressing an opinion
on the effectiveness of internal control over compliance. Accordingly, we do not express
an opinion on the effectiveness of Weld County, Colorado's internal control over
compliance.
A control deficiency in Weld County, Colorado's internal control over compliance exists
when the design or operation of a control does not allow management or employees, in the
normal course of performing their assigned functions, to prevent or detect noncompliance
with a type of compliance requirement of a federal program on a timely basis. A
significant deficiency is a control deficiency, or combination of control deficiencies, that
adversely affects Weld County, Colorado's ability to administer a federal program such
that there is more than a remote likelihood that noncompliance with a type of compliance
requirement of a federal program that is more than inconsequential will not be prevented
or detected by Weld County, Colorado's internal control. We consider three of the
deficiencies described in the accompanying schedule of findings and questioned costs to be
significant deficiencies in internal control over compliance. The significant deficiencies are
findings 06-01, 06-02, and 06-04.
A material weakness is a significant deficiency, or combination of significant deficiencies,
that results in more than a remote likelihood that material noncompliance with a type of
compliance requirement of a federal program will not be prevented of detected by Weld
County, Colorado's internal control.
Our consideration of internal control over compliance was for the limited purpose
described in the first paragraph of this section and would not necessarily identify all
deficiencies in internal control that might be significant deficiencies or material
weaknesses. We did not identify any deficiencies in internal control over compliance that
we consider to be material weaknesses, as defined above.
144
Board of County Commissioners
Weld County
Greeley, Colorado
This report is intended solely for the information and use of the County Commissioners,
management, others within the County, and federal awarding agencies and pass-through
entities and is not intended to be and should not be used by anyone other than those
specified parties.
4,4 ea. cac
June 20, 2007 BONDI & Co. ac
145
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
For the Year Ended December 31, 2006
Section I - Summary of Auditors' Results
Financial Statements
Type of auditors' report issued: Unqualified
Internal control over financial reporting:
Material weakness(es) identified? yes 0 no
Reportable condition(s) identified not
considered to be material weaknesses? 0 yes no
Noncompliance material to financial
statements noted? yes 0 no
Federal Awards
Internal control over major programs:
Material weakness(es) identified? yes 0 no
Reportable condition(s) identified not
considered to be material weaknesses? o yes no
Type of auditors' report issued on compliance
for major programs: Unqualified
Any audit findings disclosed that are required
to be reported in accordance with Circular A-133,
Section .510(a)? yes no
Identification of major programs:
CFDA Number(s) Name of Federal Program or Cluster
10.551 Food Stamp Program
10.561 Food Stamp Administration
93.563 Child Support Enforcement
93.600 Head Start
93.575 Child Care and Development Block Grant
93.596 Child Care and Development Fund
93.658 Foster Care
Dollar threshold used to distinguish between
Type A and Type B programs: $1,191,717
Auditee qualified as low-risk auditee? yes 0 no
146
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section II -Financial Statement Findings
There were no findings relating to the audit of the County's basic financial statements
that are required to be reported under generally accepted government auditing standards.
147
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section III - Federal Award Findings and Questioned Costs
06-01 - CFDA No. 93.563 Child Support Enforcement IV-D
Child Support Insurance
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Health and Human Services
Criteria:
The State IV-D agency must attempt to secure medical support information and establish
and enforce medical support obligations for all individuals eligible for services under 45
CFR Section 302.33. Specifically, the State IV-D agency must determine whether the
custodial parent and child have satisfactory health insurance other than Medicaid. If not,
the agency must petition the court or administrative authority to include medical support
in the form of health insurance coverage in all new or modified orders for support.
Condition and Context:
From 30 selected samples tested, three cases did not have documentation to support
insurance coverage of the child(ren). In all cases, insurance was ordered to be maintained
for the child(ren); however, no steps were taken by the Department of Social Services to
ensure compliance.
Cause:
There is a lack of required oversight of ordered insurance.
Effect:
The ordered insurance is for the protection of the child(ren).
Recommendation:
We recommend the Department of Social Services require additional oversight in order to
ensure compliance with court ordered stipulations.
148
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section III - Federal Award Findings and Questioned Costs (Continued)
06-01 - CFDA No. 93.563 Child Support Enforcement IV-D (Continued)
Questioned Costs:
Cannot be determined.
Management Response:
The Department agrees with the recommendation that additional oversight is needed in
order to ensure compliance with court-ordered medical support and documentation of
insurance coverage.
In 2007, we are adding additional staff to accomplish this task. We have hired a lead
worker in child support to manage the task of reviewing all aspects of health insurance in
relation to child support. As of this date, we have begun hiring and training some
additional staff and have begun reviewing cases to ensure compliance with court-ordered
medical, as well as sending notices to employers to enroll children in health care coverage
when appropriate. In addition, we are updating our automated system with the health
insurance information and notifying the custodial party of the health insurance coverage.
By the end of 2007, we will have examined all cases and have procedures in place to
review cases for enforcement of medical insurance compliance on a routine basis.
149
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section III - Federal Award Findings and Questioned Costs (Continued)
06-02 — CFDA No. 93.658 Foster Care — Title IV-E
Foster Care Income Determination
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Health and Human Services
Criteria:
A child must meet the eligibility requirements of the former Aid to Families with
Dependent Children (AFDC) program (42 USC 672(a)). Eligibility ceases at the child's
18th birthday (45 CFR Section 233.90(b)(3)). To be eligible for the Foster Care Program,
families must meet income standards set by the federal program.
Condition and Context:
When reviewing one file out of a sample of 25 participants, we found that the income
verification section of the original determination was blank.
Cause:
There was a lack of oversight on the file that allowed an original determination to be
processed without documenting the income verification in the file.
Effect:
Without documentation of income used to support eligibility, benefits could be paid to
ineligible participants.
Recommendation:
We recommend the Department ensure all program participant income is validated with
appropriate supporting documentation.
Questioned Costs:
Cannot be determined.
150
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section III - Federal Award Findings and Questioned Costs (Continued)
06-02 - CFDA No. 93.658 Foster Care - Title IV-E (Continued)
Management Response:
The current determination process has been revised to have the Eligibility Technician
follow the Colorado Department of Human Services Title IV-E Eligibility Determination
Handbook Section 2-9. The Handbook will walk the Technician through all the proper
steps to determine eligibility and income criteria. The Technician is also instructed to
impute the client's income if they are unable to verify money earned or the client is
uncooperative.
Once the SS-9 is completed by the Technician, it is forwarded to a Caseworker IV to
verify that the form is correctly and completely filled out. CDHS State Auditors also
periodically pull IV-E cases to check for accuracy.
151
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section III - Federal Award Findings and Questioned Costs (Continued)
06-03 - CFDA No. 10.561 Food Stamp Administration
Food Stamp Reconciliations
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Health and Human Services
Criteria:
Entities that use Electronic Benefits Transfer (EBT) must have systems in place to
reconcile all of the funds entering into, exiting from, and remaining in the system each
day with the organization's benefit account with Treasury and EBT contractor records.
This includes a reconciliation of the organization's issuance files of postings to recipient
accounts with the EBT contractor.
Condition and Context:
When reviewing 25 participants, we found the daily reconciliations required under EBT
regulations are not being followed. Weekly reconciliations were prepared on the EBT
Cards through September. Beginning in October 2006, the County came into compliance
with the requirement to perform daily reconciliations.
Cause:
Due to staffing levels and case loads, the Department was not able to prepare a daily
reconciliation.
Effect:
Without a daily reconciliation of EBT cards, there is increased potential for fraudulent
activity between reconciliations.
Recommendation:
In order to ensure compliance with EBT Regulations, a daily reconciliation of EBT cards
should take place.
Questioned Costs:
Cannot be determined.
152
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section III - Federal Award Findings and Questioned Costs (Continued)
06-03 - CFDA No. 10.561 Food Stamp Administration (Continued)
Management Response:
Beginning in October 2006, the reconciliation procedure was changed to institute a daily
reconciliation of EBT cards. A new Daily Inventory Reconciliation of Blank EBT Cards
form was created to aid in the reconciliation process. The EBT cards are pulled at the
end of the day and counted for each technician by an Accounting Clerk IV. The counts
are written on the revised EBT form. Once balanced, the Clerk IV will have it verified
by either the Accountant II or the Accountant III. All cards are then locked in a safe in
the Business Office.
153
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section III - Federal Award Findings and Questioned Costs (Continued)
06-04 - CFDA No. 93.558 Temporary Assistance for Needy Families
Temporary Assistance for Needy Families (TANF)
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Health and Human Services
Criteria:
TANF participants must have a current Individual Responsibility Contract (IRC), as well
as provide immunization records for children covered by the program.
Condition and Context:
We tested a sample of eleven files. In the sample, we found one file did not contain an
IRC, one file did not contain immunization records, and one file could not be located by
the County. The County believes the file was destroyed years ago.
Cause:
Inconsistent management of case files allow a lack of required documentation to be
present in the file.
Effect:
Without current and proper documentation in the file, there is the ability for ineligible
participants to receive benefits. This program is designed to be a temporary assistance,
which increases the need to verify current data.
Recommendation:
We recommend the Department ensure all program participants are validated with
appropriate supporting documentation.
Questioned Costs:
Cannot be determined.
154
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section III - Federal Award Findings and Questioned Costs (Continued)
06-04 - CFDA No. 93.558 Temporary Assistance for Needy Families (Continued)
Management Response:
The Weld County Department of Social Services will provide additional training to all
staff to ensure proper supporting documentation is completed and received by the client
to determine eligibility properly.
The Department will also expand our sample size on monthly case audits to assist in
minimizing any future compliance issues.
155
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section IV - Prior Year Findings
05-01 - CFDA No. 10.551 Food Stamp Program
Missing Supporting Documents for Verification
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Agriculture
Criteria:
Eligibility will be determined based on size of household and the number of dependents.
State agencies are required to verify and document all evidence to support their
determination.
Condition and Context:
From 60 selected samples testing, four Food Stamp cases do not have documentation to
support size of household and child(ren) information, filed by the program participants in
the application.
Cause:
With the implementation of the CBMS system, staff time has been spent on inputting into
the system instead of reviewing case files.
Effect:
Without supporting evidence to prove information in the application, the eligibility
determination may be incorrect.
Recommendation:
We recommend that the Department of Social Services request the applicants provide
documentation to support the size of the household and number of dependant children.
Questioned Costs:
Cannot be determined
Auditor Response:
This item has been corrected based on the 2006 audit testing performed.
156
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section IV - Prior Year Findings (Continued)
05-02 - CFDA No. 10.551 Food Stamp Program
Food Stamp Claim against Household
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Agriculture
Criteria:
State agencies are required to verify correctness of all information which will be entered
into the CBMS system.
Condition and Context:
One case of the 60 tested samples calculated an incorrect benefit amount. The
overpayments should have been claimed back from the participant. However, the error
came from administration, and the claim was forgiven.
Effect:
Food Stamp benefits might be overstated to the participants without recourse.
Cause:
Because of the problems with the automated system, benefit overpayments are frequent.
The County is splitting resources into review of applications and problem-solving issues
with the new CBMS system.
Recommendation:
We recommend the Department of Social Services implement a monitoring process to
prevent, detect and correct errors in a timely manner.
Questioned Costs:
$ 648
Auditor Response:
This item has been corrected based on the 2006 audit testing performed.
157
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section IV - Prior Year Findings (Continued)
05-03 - CFDA No. 10.551 Food Stamp Program
Sanctions on ABAWD Cases Only
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Agriculture
Criteria:
Sanctions need to be applied to all participants of the Food Stamp program, if they do not
meet program requirements.
Condition and Context:
During discussions in choosing a sample from the population of Food Stamp participants,
it was noted that only ABAWD cases were sanctioned for most of 2005.
Cause:
Because of numerous issues with the CBMS program, staff time was spent correcting
system issues instead of measuring compliance with program requirements.
Effect:
There is no system in place to sanction work registrants in the Food Stamp system.
Recommendation:
We recommend that the Department of Human Services include all Food Stamp cases for
program participants.
Questioned Costs:
Cannot be determined
Auditor Response:
This item has been corrected based on the 2006 audit testing performed.
158
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section IV - Prior Year Findings (Continued)
05-04 - CFDA No. 10.551 Food Stamp Program
Manual Sanction Process
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Agriculture
Criteria:
All sanctions should be electronically processed immediately when found not compliant
with the program requirements.
Condition and Context:
Before September 2005, all sanctions were processed manually. The case counselor issued
formal written sanctions, and then at a later date, posted the sanctions into CBMS.
Cause:
Staff time was spent training and correcting issues in the CBMS system, and sanctions
were not completed in CBMS due to errors caused by the electronic sanction system.
Effect:
Benefit payments are being paid to ineligible participants.
Recommendation:
We recommend sanctions be processed and posted to the CBMS system in a timely
fashion.
Questioned Costs:
Cannot be determined
Auditor Response:
This item has been corrected based on the 2006 audit testing performed.
159
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section IV - Prior Year Findings (Continued)
05-05 - CFDA No. 93.600 Head Start
Head Start Program
Direct Federal Grants
Federal Agency: Department of Health and Human Services
Criteria:
To be eligible for the Head Start Program, families must meet age and income standards
set by the federal grant.
Condition and Context:
When reviewing one file out of a sample of 25 participants, we found an income
authorization (W-2) with a completely different name than the name on the application
under the parent/guardian section.
Cause:
Supporting documentation of the determination was not made in the file, and information
included as support in the file was inconsistent with applicant information. Also, no
explanations of eligibility were documented.
Effect:
Eligibility documentation conflicts with admittance into the Head Start Program.
Without documentation of additional procedures used to support eligibility, benefits could
be paid to ineligible participants.
Recommendation:
Ensure all program participants are validated with appropriate supporting
documentation.
Questioned Costs:
Cannot be determined.
Auditor Response:
This item has been corrected based on the 2006 audit testing performed.
160
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2006
Section IV - Prior Year Findings (Continued)
05-06 - CFDA No. 93.558 Temporary Assistance for Needy Families
Temporary Assistance for Needy Families (TANF)
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Health and Human Services
Criteria:
Individuals applying for Colorado Works benefits shall be required to enter into an
Individual Responsibility Contract (IRC) with the County.
Condition and Context:
Documentation supporting the County's compliance with program requirements was
incomplete. Specifically there was no Individual Responsibility Contract (IRC) in the file
correlating to the months benefits were paid. This was the case for four of the 35 TANF
files tested.
Effect:
Benefits were continuing to be paid to clients who had not met the requirements of the
program.
Recommendation:
Ensure that all IRC's are completed timely and documented in the file.
Questioned Costs:
$750.
Auditor Response:
Still a Finding - See Finding 06-04
161
COUNTY OF WELD
STATE OF COLORADO
NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
For the Year Ended December 31, 2006
NOTE 1: BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards, which
includes the federal grant activity of the County of Weld, Colorado, is
presented on the accrual basis of accounting. The information in this
schedule is presented in accordance with the requirements of the Office of
Management and Budget Circular A-133, Audits of States, Local
Governments, and Non-Profit Organizations. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used
in, the preparation of the Weld County, Colorado's financial statements for
the year ended December 31, 2006.
NOTE 2: COMMODITY SUPPLEMENTAL FOOD PROGRAM
Non-monetary assistance is reported in the schedule at the fair market value
of the commodities distributed during the year. At December 31, 2006, the
County had food commodities totaling $191,744 in inventory, with a
corresponding amount reported as deferred revenue to be realized when
distributed.
NOTE 3: SUB-RECIPIENT
The County does not have any significant sub-recipients.
162
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