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COUNTY OF WELD
STATE OF COLORADO
2006-1932
Prepared by:
Finance/Accounting
YEAR ENDED DECEMBER 31, 2005 Departments
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TABLE OF CONTENTS
INTRODUCTORY SECTION
Table of Contents
Letter of Transmittal 1
Government Finance Officers Association Certificate
of Achievement for Excellence in Financial Reporting 8
Organization Chart 9
Principal County Officials 10
FINANCIAL SECTION
Independent Auditors'Report 11
Management's Discussion and Analysis 13
Basic Financial Statements
Government-Wide Financial Statements:
Statement of Net Assets 23
Statement of Activities 24
Governmental Fund Financial Statements:
Balance Sheet 26
Reconciliation of Total Governmental Fund Balances to the
Statement of Net Assets 28
Statement of Revenues, Expenditures and Changes in Fund Balance 30
Reconciliation of the Statement of Revenues, Expenditures and
Changes in Fund Balances of Governmental Funds to the
Statement of Activities 32
Proprietary Fund Financial Statements:
Statement of Net Assets -Proprietary Funds 33
Statement of Revenues, Expenses and Changes in Net Assets -
Proprietary Funds 34
Statement of Cash Flows -Proprietary Funds 35
Fiduciary Fund Financial Statements:
Statement of Fiduciary Net Assets 36
Statement of Changes in Fiduciary Net Assets 37
Notes to the Financial Statements 38
Required Supplementary Information
Pension Trust 65
Modified Approach for Infrastructure Assets 66
Required Supplementary Information Other Than MD&A:
Schedules of Revenues, Expenditures and Changes in Fund Balances-Actual and Budget
Major Funds:
General Fund 67
Public Works Fund 72
Social Services Fund 74
Human Services Fund 76
Supplemental Information:
Combining Statement of Non-major Governmental Funds:
Explanation of Funds 79
Combining Balance Sheet 84
Combining Statement of Revenues, Expenditures and Changes in Fund Balance 86
Schedules of Revenues, Expenditures and Changes in Fund Balances-Actual and Budget
Non-major Governmental Funds:
Special Revenue Funds:
Capital Expenditures Fund 88
Conservation Trust Fund 89
Contingent Fund 90
Emergency Fund 91
Public Health Fund 92
Solid Waste Fund 93
Bebee Draw Fund 94
Component Units:
Housing Authority 95
E-911 Authority Fund 96
Local Highway Finance Report 98
Combining Statements of Internal Service Funds:
Combining Statement of Net Assets -Internal Service Funds 100
Combining Statement of Revenues, Expenses and Changes in
Net Assets - Internal Service Funds 102
Combining Statement of Cash Flows -Internal Service Funds 104
Combining Statement of Fiduciary Funds:
Combining Statement of Changes in Assets and Liabilities -Fiduciary Funds 106
ii
Schedule of Revenues, Expenses and Changes in Fund Equity-Actual and Budget
Enterprise Fund and Internal Service Funds:
Enterprise Fund:
Paramedic Services 107
Internal Service Funds:
Motor Vehicle Fund 108
Health Insurance Fund 109
Insurance Fund 110
Phone Service Fund 111
Weld Finance Corporation 112
STATISTICAL SECTION
Net Assets by Componet 114
Changes in Net Assets 115
Fund Balances of Governmental Funds 117
Changes in Fund Balances, Governmental Funds 118
Assessed and Estimated Actual Value of Property 119
Property Tax Levies-Direct and Overlapping Governments 120
Principal Taxpayers 121
Property Tax Levies and Collections 122
Direct and Overlapping Governmental Activities Debt 123
Legal Debt Margin Information 124
Private Purpose Revenue Bonds 125
Demographic and Economic Statistics 126
Principal Employers 127
Full-time Equivalent Employees by Function/Program 128
Operating Indicators by Function/Program 129
Capital Asset by Function/Program 130
Insurance in Force 131
SINGLE AUDIT
Schedule of Expenditures of Federal Awards 133
Notes to Schedule of Expenditures of Federal Awards 138
Report on Compliance and on Internal Control Over Financial Reporting
Based on an Audit of Financial Statements Performed in Accordance with
Governmental Auditing Standards 139
Report on Compliance with Requirements Applicable to Each Major Program and
Internal Control over Compliance in Accordance with OMB Circular A-133 141
Schedule of Findings and Questioned Costs 143
Summary Schedule of Prior Audit Findings 150
iii
COLORADO
DEPARTMENT OF FINANCE
AND ADMINISTRATION
PHONE (970) 356-4000, EXT.4218
FAX: (970)352-0242
P.O. BOX 758
GREELEY, COLORADO 80632
June 1, 2006
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, 2005, 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. All disclosures necessary to
enable the reader to gain an understanding of the County's financial activities have been included.
With the December 31, 2005 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 legally separate entities that
have significant operational or financial relationships with the County. These include the 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.
1
49eDEPARTMENT OF FINANCE
1 AND ADMINISTRATION
WI P PHONE (970) 356-4000, EXT.4218
FAX: (970) 352-0242
O P.O. BOX 758
GREELEY, COLORADO 80632
COLORADO
June 1, 2006
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, 2005, 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. All disclosures necessary to
enable the reader to gain an understanding of the County's financial activities have been included.
With the December 31, 2005 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 legally separate entities that
have significant operational or financial relationships with the County. These include the 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.
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Honorable Board of Commissioners
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 31,2005,
are fairly presented in conformity with Generally Accepted Accounting Principals (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
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 2005 was approximately 220,000.
2
Honorable Board of Commissioners
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 Outlay. Control is maintained by the 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 1,062 regular staff (those receiving
standard benefits) and 254 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 non-insurance benefits.
MAJOR INITIATIVES
For the Year. In 2005, 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 2005:
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Honorable Board of Commissioners
> Staff and open 110 additional work release beds.
> Increase traffic enforcement in Weld County to reduce traffic fatalities.
> Cope with the continued growth and development in the county.
> Continue development of a geographic information system (GIS).
> 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.
> Continue benchmark efforts for county services.
> Continue document imaging process in county departments.
> Identify technology uses to improve services and cost-effectiveness of
services.
> Enhance public relations and communication efforts with constituents.
> Implement final phase of the 800 MHz radio system.
> Continue implementation of e-gov strategy.
> Acquire voting equipment to be in compliance with the Help America Vote Act
(HAVA).
> Continue to explore revenue and operational options to keep the Paramedic
Services a viable and affordable service to the citizens.
> Construct Southeast Weld Administration Building.
> Provide dispatch services to City of Fort Lupton and Fort Lupton Fire
Protection District.
> Monitor West Nile Virus, but no spraying.
> Continue to develop plans for the County for bioterrorism and emergency
preparedness.
4
Honorable Board of Commissioners
FACTORS AFFECTING FINANCIAL CONDITION
Economic Conditions and Outlook. In 2006 it is anticipated that the national economy will
continue to gain vitality with continued growth in the real Gross Domestic Product(GDP),even in the
aftermath of Hurricane Katrina. Inflation is anticipated to remain low, and most likely interest rates
will remain low with only some pressure for upward movement. Investment in new non-residential
structures and new equipment will continue, which should result in continued improvement in the
national economy and growth in corporate profits. The federal deficit, although still a problem, has
been reduced some as the economy grows and tax revenues increase.
Colorado's state economy also shows signs of improvement as employment opportunities grow in
the health care, education, construction, and retail sectors. New construction and housing remain
strong in the State. 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 is
starting to grow again after three years of contraction in the State. Finally, tourism is recovering
from the dramatic drop caused by September 11th and the recession.
Weld County's local economy is performing well. Unemployment is under six percent and job
numbers are growing. The housing and construction markets remain strong. 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
the North Colorado Medical Center; the Kodak plant in Windsor,which has been picked by Kodak to
expand its digital imaging technology production;and Owens-Illinois,which is opening a new bottle
manufacturing plant. 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
continued infrastructure development.
For the Future. Weld County faces several critical issues in 2006 that will present choices and
opportunities, to enable the County to resolve the many interrelated problems in an intentional and
coordinated way. The issue of growth raises problems of land use allocation, management of
growth, transportation system development, and overall service capacity. As Weld County grows
and changes, there are issues concerning quality of life and economic development to support the
quality of life 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 which can only be provided functionally and in an equitable manner through
metropolitan or special districts. 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 increase, even with the planned new jail expansion being accelerated by one year.
Caseload for the Sheriff, District Attorney,and courts is growing at a 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.
5
Honorable Board of Commissioners
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 continues to be in the middle of a difficult fiscal period. The State of
Colorado is in a"structural deficit"resulting from the fiscal interplay between the tax and spend limits
in TABOR and Amendment 23, dealing with school financing. The State legislature has explored a
variety of options to correct the problem. Two referendums addressing the fiscal issues were placed
on the November ballot. Referendum C did pass on the November 1,2005, ballot,which gives the
State $3.7 billion in relief from TABOR over the next five years. Weld County has been adversely
impacted by the State's budgetary problems since the County is a subdivision of the state, and
program revenues and expenditures are dependent upon State decisions,especially in the areas of
health, employment, and social services. The passage of Referendum C should provide counties
some stability in State funding.
The federal budget and deficit will place additional strain on the State's budget. The federal
government is not increasing, and is even reducing, funding in the domestic program areas, and
does not seem to be willing to help bail out the many states, like Colorado, with budget problems.
Therefore,the solutions to the state and federal budget problems, as they impact Weld County,will
have to be solved locally. The awarding of federal grant dollars will become more competitive and
will require Weld County to become more aggressive in pursuing federal grants.
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, 2005, in funding 81.8 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 the actuary.
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 $2,773,226 in 2005.
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, 2005, 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.
6
Honorable Board of Commissioners
Risk Management. During 2005 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, 2004. 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.
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 2005 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, 2005. 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.
Re ectfully submitted,
Donald D. Warden, Director
Finance and Administration
7
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, 2004
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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9
COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31, 2005
Board of County Commissioners
William Jerke
Mike Geile
Robert Masden
Glenn Vaad
David Long
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
10
FINANCIAL
SECTION
J y
40101e0
COLORADO
BONDI & Co. LLC
44 INVERNESS DRIVE EAST (303)799-6826 PHONE
ENGLEWOOD,COLORADO 80112 CERTIFIED PUBLIC ACCOUNTANTS (800)250-9083 TOLL-FREE
MANAGEMENT CONSULTANTS
www.bondico.com (303)799-6926 FAX
Board of County Commissioners
Weld County, Colorado
Independent Auditors' Report
We have audited the accompanying financial statements of the governmental activities,
the business-type activities, the 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, 2005, 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. The financial statements of Weld County,
Colorado, as of December 31, 2004, were audited by other auditors whose report dated
May 20, 2005, expressed unqualified opinions on those statements. We did not audit the
financial statements of the Weld County Housing Authority. Those financial statements
were audited by other auditors whose report has been furnished to us, and our opinions
on the basic financial statements, insofar as they relate to the amounts included for the
Weld County Housing Authority, are 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 provides 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 discretely
presented component units, each major fund, and the aggregate remaining fund
information of Weld County, Colorado, as of December 31, 2005, and the respective
changes in financial position and cash flows, where applicable, thereof for the year then
•s of ;
Affiliate Offices Worldwide
11
Board of County Commissioners
Weld County, Colorado
ended in conformity with accounting principles generally accepted in the United States of
America.
In accordance with Government Auditing Standards, we have also issued our report dated
May 5, 2006 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 internal 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, the schedule of pension funding progress,
condition assessments of infrastructure, and budgetary comparison information on pages
13 through 22 and 63 through 64 are not a required part of the basic 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, and the schedule of expenditures of
federal awards have been subjected to the auditing procedures applied in the audit of the
basic financial statements and, in our opinion, are 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.
` '" 04. U.C.
May 5, 2006 BONDI& Co. u.c
12
l n
col
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, 2005. 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$283.8 million at the end of 2005. Of this amount,
$41.2 million may be used to meet the government's ongoing obligations to citizens and
creditors. The remaining $242.6 million is invested in capital assets or restricted by law.
• The County's General Fund balance was$9.1 million as of December 31, 2005.Of this amount,
$1.5 million is reserved for emergencies, advances, and encumbrances.
• The 2005 General Fund balance is $.9 million higher than in the previous year. The total fund
balance is 17%of 2005 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 2006.
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.
13
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 govemmental 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 23 through 32 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. The remaining
proprietary funds, all of which are internal service funds, are combined into a single, aggregated
14
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 33 through 35 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 36 through 37.
Budgetary Comparisons.Weld County adopts an annual appropriated budgetfor all of its funds.A
budgetary comparison statement has been provided for all major funds on pages 67 to 77 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 38 through 63 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 84 through 94 and 100 through 112 respectively.
15
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, 2005, assets exceeded liabilities by $281.6
million.
The following table provides a summary of the County's governmental and business-type net assets
for 2004 and 2005.
Table 1
Net Assets
(in Millions)
Governmental Activities Business-type Activities Total
2004 2005 2004 2005 2004 2005
Assets
Current and other assets $115.40 $131.48 $ .30 $1.83 $115.70 $133.31
Capital assets 246.31 237.26 .86 .81 247.17 238.07
Total assets $361.71 $368.68 $1.16 $2.64 $362.87 $371.32
Liabilities
Current and other liabilities $ 73.78 $79.74 $ .30 $ .32 $ 74.08 $ 79.64
Long-term liabilities 7.80 7.44 .00 .00 7.80 7.86
Total liabilities $ 81.58 $87.18 $ .30 $ .32 $ 81.88 $87.50
Net Assets
Invested in capital assets,
of related debt $239.92 $231.27 $ .86 $ .81 $240.78 $232.08
Restricted 9.45 10.45 .00 9.45 10.45
Unrestricted 30.76 39.78 .00 1.51 30.76 41.29
Total net assets $280.13 $281.50 $ .86 $2.32 $280.99 $283.82
A significant portion of Weld County's net assets (14.6%) represents unrestricted net assets of
$41.29 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 (81.8%) 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.
16
An additional $10.4 million of the County's net assets (3.7%)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 2005,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 $4.8 million in 2005. The following table indicates the changes in net assets for
governmental and business-type activities in 2004 and 2005.
Table 2
Changes in Net Assets
(in Millions)
Governmental Activities Business-type Activities Total
2004 2005 2004 2005 2004 2005
Revenues
Program revenues:
Charges for services $30.72 $33.80 $9.98 $7.83 $40.70 $41.63
Operating grants and contributions 27.12 27.89 0.05 0.00 27.17 27.89
General revenues:
Property taxes 50.79 56.38 0.00 0.00 50.79 56.38
Other taxes 10.13 10.36 0.00 0.00 10.13 10.36
Other revenues 1.64 3.04 0.00 0.00 1.64 3.04
Total revenues $120.40 $131.47 $10.03 $7.83 $130.43 $139.30
Expenses
General government $21.46 $ 23.05 $0.00 $0.00 $21.46 $23.05
Public safety 30.78 30.45 0.00 0.00 30.78 30.43
Streets and highways 32.69 36.92 0.00 0.00 32.69 36.92
Culture and recreation 1.01 .77 0.00 0.00 1.01 .77
Net Assets 1/1/05 23.54 24.84 0.00 0.00 23.54 24.84
Interest on long-term debt .36 .34 0.00 0.00 .36 .34
Total expenses 12.65 13.74 0.00 0.00 12.65 13.74
Paramedic services 0.00 0.00 9.74 6.37 9.74 6.37
Total expenses $122.49 $130.11 $9.74 $6.37 $132.23 $136.46
Increase(decrease)in net assets (2.09) 1.36 .29 1.46 (1.80) 2.84
Net Assets 1/1/05 282.22 280.13 .57 .86 282.79 280.99
Net Assets 12/31/05 $280.13 $281.49 $ .86 $2.32 $280.99 $283.81
Governmental Activities. Governmental activities increased Weld County's net assets by $1.36
million in 2005. Key elements of this decrease are as follows:
• Total revenues were$131.13 million, up 8.9%from the prior year, primarily due to property taxes
($5.59 million) and charges for services ($3.1 million).
17
• Expenses totaled $127.64 million. This represents a 4.2% 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 2005 by $1.46 million, in large part due to rate increases and more aggressive
collection efforts.
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 2005, the combined ending fund balances of County governmental funds was
$47.71 million. Approximately 78% 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 ($5.14 million); 2) a state-
constitution mandated emergency reserve ($4.0 million); 3)an advance to the Paramedic Services
($885,000); and 4) prepaid expenses and inventory ($1.2 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 $9.1 million as of December 31, 2005. Of this
amount, $885,000 is reserved for advances. The 2005 fund balance is $1 million higher
than the previous year due to the delay in spending $350,000 for new voting machines
required under the Help America Vote Act (HAVA) 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 14% of total 2005 expenditures,
while total fund balance is 16.6% 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 $15.8 million in fund balance at the end of 2005. This amount was $1.8 million
more than the previous year. 2005 expenditures for road projects were less than budgeted.
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 $2.9 million balance at the end of 2005 which is 1.5% more than 2004. 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
18
in expenditures for 2005 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 completion of the downtown Greeley parking lot and
renovation of the courthouse to add courtrooms. The$5.2 million increase in fund balance
between 2004 and 2005 represents the encumbrances of $3.6 million reserved for the
Southeast Weld Services Center and Administrative Offices, and the remaining fund
balance is reserved for the jail expansion project.
Proprietary Funds Overview
The County's proprietary fund statements provide the same of information found in the
government-wide statements, but in more detail.
The County has one enterprise-type fund. The Paramedic Services Fund. Unrestricted net assets
of the fund at the end of the year amounted to$(1.5 million). The total increase in net assets for the
fund was $1.5 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, 2004 and 2005
14 IF lin r . ` t4i lifit12 EISIMItral
10 MIME I j ill
0 8iilligrin HiIlinrilialliffl (8f
q ,
a � �"1 a� I
2 O 2004
oMEI ■2005
General Public Social Human Capital Other Govt.
Fund Works 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 2004, the Board of County Commissioners appropriated $55.1 million for general
fund expenditures and other financing uses.
19
Table 3
2005 General Fund Budget
(in Millions)
Original Budget Amendments Final Budget Actual
Revenue and other financing sources $ 55.2 $ 5.5 $ 60.7 $ 62.1
Expenditures and other financing uses $ 55.1 $ 2.3 $ 57.4 $ 61.2
Mid-year budget amendments included:
• $.5 million for 800 MHz equipment and development
• $1.0 million to house inmates in other jurisdictions
• $.2 million for grants for economic development
• $3.8 million transfer for capital projects
• $2.3 million for administration building and Southeast Weld Service Center
• $.4 million for public safety overtime
• A number of mid-year grants in the health and human services area account for the budget
adjustment in those funds
• Prior year encumbrances were re-appropriated mid-year
Actual expenditures were below anticipated budget and less than revenues, which allowed the
ending fund balance to increase nearly$ 1.0 million over the prior year.
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, 2005 totals $237.6 million (net of accumulated depreciation). This
investment includes all land, buildings, machinery, equipment, and infrastructure. The total
decrease in investment in capital assets for the current fiscal year was 3.5%.
Major capital asset events during the current fiscal year including the following:
• Road construction or major improvements totaling $4.3 million.
• Began the design phase of the 375 bed jail expansion.
• Completed downtown Greeley parking lot.
• Started the construction of the Southeast Weld Service Center
• Began construction of Administrative offices for Election and Information Services
20
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 mile of roads.
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, 2005, Weld County had only the outstanding long-term debt
(principal amount)of$5.99 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$108.5 million in 2005. The county
currently has no debt subject to the limitation. No new debt was issued in 2005.
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 2005
budget.
• Staff and open 110 additional work release beds.
• Increase traffic enforcement in Weld County to reduce traffic fatalities.
• Cope with the continued growth and development in the county.
• Continue development of a geographic information system (GIS).
• 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.
• Continue document imaging process in county departments.
• Identify technology uses to improve services and cost-effectiveness of services.
• Enhance public relations and communication efforts with constituents.
• Implement final phase of the 800 MHZ radio system.
• Continue implementation of e-gov strategy.
• Acquire voting equipment to be in compliance with the Help America Vote Act (HAVA).
• Continue to explore revenue and operational options to keep the Paramedic Services a viable
and affordable service to the citizens.
• Construct Southeast Weld Administration Building.
21
• Provide dispatch services to City of Fort Lupton and Fort Lupton Fire Protection District.
• Continue to develop plans for the County for bioterrorism and emergency preparedness.
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.
22
BASIC
FINANCIAL
STATEMENTS
44,Vril
111Ille
COLORADO
COUNTY OF WELD
STATE OF COLORADO
Statement of Net Assets
December 31, 2005
Primary Government Component Units
Governmental Business-type Housing E-911
Activities Activities Total Authority Authority
ASSETS
Cash and cash equivalents $ 55,741,927 $ 366,468 $ 56,108,395 $ 1,259,060 $ 2,130,666
Property taxes receivable 64,452,444 - 64,452,444 - -
Receivables(net of allowance for
uncollectibles) 2,419,319 2,159,037 4,578,356 752,419 -
Due from other governments 1,813,772 - 1,813,772 - -
Internal balance 693,236 (693,236) - - -
Inventories 1,284,850 - 1,284,850 - -
Other assets 230,798 - 230,798 1,723 -
Restricted assets:
Cash and cash equivalents 4,780,690 - 4,780,690 - -
Capital assets,net(Note 6) 237,263,250 809,643 238,072,893 10,500 853,530
Total assets 368,680,286 2,641,912 371,322,198 2,023,702 2,984,196
LIABILITIES
Accounts payable and other current liabilities 7,846,714 47,799 7,894,513 28,953 10,289
Accrued liabilities 3,140,919 266,251 3,407,170 1,096 -
Due to other governments 7,301 - 7,301 - -
Unearned revenue 68,223,000 9,897 68,232,897 84,369 -
Other liabilities 22,108 - 22,108 - -
Long-term liabilities:
Due within one year:
Certificates of participation 420,000 - 420,000 - -
Compensated absences 81,217 - 81,217 26,322 -
Due in more than one year:
Certificates of participation 5,571,894 - 5,571,894 - -
Compensated absences 1,869,044 - 1,869,044 - -
Total liabilities 87,182,197 323,947 87,506,144 140,740 10,289
NET ASSETS
Invested in capital assets,net of related debt 231,271,356 809,643 232,080,999 10,500 853,530
Restricted for:
Programs 4,695,690 - 4,695,690 - -
Emergencies 4,000,000 - 4,000,000 - -
Claims(Note 7) 1,748,950 - 1,748,950 - -
Unrestricted 39,782,093 1,508,322 41,290,415 1,872,462 2,120,377
Total net assets $ 281,498,089 $ 2,317,965 $ 283,816,054 $ 1,882,962 $ 2,973,907
See accompanying notes to the basic financial statements
23
COUNTY OF WELD
STATE OF COLORADO
Statement of Activities
Year Ended December 31, 2005
Program Revenues
Operating Capital
Charges for Grants and Grants and
Expenses Services Contributions Contributions
Primary government:
Governmental activities:
General government $ 23,047,725 $ 9,792,423 $ 774,238 $ -
Public safety 30,449,441 5,430,422 2,872,223 -
Streets and highways 36,919,372 3,433,713 8,828,866 -
Healthandwelfare 24,843,147 13,664,206 2,817,125 -
Culture and recreation 771,295 333,293 452,813 Economic assistance 13,736,745 1,156,012 12,139,782 -
Interest on long-term debt 340,411 - - -
Totalgovernmentalactivities 130,108,136 33,810,069 27,885,047 -
Business-type activities:
Paramedic service 6,366,088 7,829,714 - -
Total primary government $ 136,474,224 $ 41,639,783 $ 27,885,047 $ -
Component units:
Housing Authority $ 2,845,245 $ 202,954 $ 2,739,561 $ 30,000
E-911 Authority 923,538 1,351,811 - -
Total component units $ 3,768,783 S 1,554,765 $ 2,739,561 $ 30,000
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
24
Net(Expenses)Revenues and
Changes in Net Assets
Primary Government Component Units
Governmental Business-type Housing E-911
Activities Activities Total Authority Authority
$ (12,481,064) $ - $ (12,481,064) $ - $ -
(22,146,796) - (22,146,796) - -
(24,656,793) - (24,656,793) - -
(8,361,816) - (8,361,816) - -
14,811 - 14,811 - -
(440,951) - (440,951) - -
(340,411) - (340,411) - -
(68,413,020) - (68,413,020) - -
1,458,301 1,458,301 - -
(68,413,020) 1,458,301 (66,954,719) - -
- - - 127,270 -
- - - - 428,273
- - - 127,270 428,273
56,382,533 - 56,382,533 - -
6,627,991 - 6,627,991 - -
3,733,025 - 3,733,025 - -
2,679,442 - 2,679,442 - -
355,784 - 355,784 - -
69,778,775 - 69,778,775 - -
1,365,755 1,458,301 2,824,056 127,270 428,273
280,132,334 859,664 280,991,998 1,755,692 2,545,634
$ 281,498,089 $ 2,317,965 $ 283,816,054 $ 1,882,962 $ 2,973,907
25
COUNTY OF WELD
STATE OF COLORADO
Governmental Funds
Balance Sheet
December 31, 2005
Public Works Social Services
General Fund Fund Fund
ASSETS
Cash and shod-term investments $ 14,505,460 $ 15,130,111 $ 4,803,406
Receivables (net of allowance for uncollectibles):
Current property taxes 44,317,337 6,645,226 5,578,234
Delinquent property taxes 46,991 5,907 5,452
Accounts 528,015 250,909 65,337
Special assessment - 90,348 -
Due from other County funds 216,542 142,147 -
Due from other governments 115,049 - 865,678
Advances to other funds 885,000 - -
Inventories 113,395 835,961 -
Other assets 218,093 6,462 -
Total Assets $ 60,945,882 $ 23,107,071 $11,318,107
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 5,618,055 $ 215,487 $ 122,833
Accrued liabilities 1,258,903 259,578 130,912
Other liabilities - - 22,108
Due to other County funds 49,268 112,018 556,466
Due to other governments - - 7,301
Unearned revenue 44,668,922 6,754,595 7,677,133
Unexpended grant revenue 215,626 - -
Total Liabilities 51,810,774 7,341,678 8,516,753
Fund Balances:
Reserved for encumbrances 269,700 1,319,860 -
Reserved for advances to other funds 885,000 - -
Reserved for other assets 218,093 6,462 -
Reserved for inventories 113,395 835,961 -
Reserved for emergency - - -
Unreserved:
General Fund 7,648,920 - -
Special Revenue Funds - 13,603,111 2,801,354
Capital Project Fund - - -
Total Fund Balances 9,135,108 15,765,394 2,801,354
Total Liabilities and Fund Balances $ 60,945,882 $ 23,107,072 $11,318,107
See accompanying notes to the basic financial statements
26
Capital Other Total
Human Services Expenditures Governmental Governmental
Fund Fund Funds Funds
$ 2,859 $ 7,760,391 $ 11,881,198 $ 54,083,425
- 5,553,333 1,294,980 63,389,110
- 5,700 2,310 66,360
385,759 - 710,621 1,940,641
- - - 90,348
205,239 - - 563,928
833,045 - - 1,813,772
- - - 885,000
277,132 - 16,255 1,242,743
1,842 - 330 226,727
$ 1,705,876 $ 13,319,424 $ 13,905,694 $124,302,054
$ 198,848 $ 673,428 $ 58,687 $ 6,887,338
490,581 - 197,891 2,337,865
- - - 22,108
43,437 - 2,014 763,203
- - - 7,301
331,879 5,580,700 1,418,520 66,431,749
- - - 215,626
1,064,745 6,254,128 1,677,112 76,665,190
- 3,553,801 - 5,143,361
- - - 885,000
1,842 - 330 226,727
- - 16,255 965,611
- - 3,100,000 3,100,000
- - - 7,648,920
639,289 - 9,111,997 26,155,751
3,511,495 - 3,511,495
641,131 7,065,296 12,228,582 47,636,865
$ 1,705,876 $ 13,319,424 $ 13,905,694 $124,302,055
27
COUNTY OF WELD
STATE OF COLORADO
Reconciliation of Total Governmental Fund Balances To Statement of Net Assets
December 31, 2005
Total governmental fund balances $ 47,636,865
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 220,576,580
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 (1,950,261)
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 15,426,981
Internal services used by Enterprise Fund (192,076)
Net assets of governmental activities $281,498,089
See accompanying notes to the basic financial statements
28
iti 'l
Wine
COLORADO
29
COUNTY OF WELD
STATE OF COLORADO
Statement of Revenues, Expenditures and Changes in Fund Balance
Governmental Funds
Year Ended December 31, 2005
Public Works Social
General Fund Fund Services Fund
REVENUES:
Taxes $ 39,463,153 $ 12,558,123 $ 5,245,991
Licenses and permits 1,791,213 328,206 -
Intergovernmental 4,136,160 9,765,087 11,813,297
Fines and forfeitures 204,530 - -
Charges for services 3,364,422 1,624,951 -
Miscellaneous 5,969,673 682,089 2
Fees 7,159,378 902,639 -
Total Revenues 62,088,529 25,861,095 17,059,290
EXPENDITURES:
Current:
General government 22,384,671 - -
Public Safety 29,162,721 - -
Public Works 1,393,682 24,096,985 -
Public health and welfare 476,306 - 17,131,488
Culture and recreation 442,066 - -
Economic assistance - - -
Capital outlay 741,036 - -
Debt Service 340,411 - -
Total Expenditures 54,940,893 24,096,985 17,131,488
Excess of Revenues Over (Under) Expenditures 7,147,636 1,764,110 (72,198)
Other Financing Sources (Uses):
Transfers - in - - 56,250
Transfers - out 6,228,767 - -
Total Other Financing Sources (Uses) (6,228,767) - 56,250
Net Changes in Fund Balance 918,869 1,764,110 (15,948)
Fund Balances at Beginning of Year 8,216,239 14,001,284 2,817,302
Fund Balance at End of Year $ 9,135,108 $ 15,765,394 $ 2,801,354
See accompanying notes to the basic financial statements
30
Capital Other Total
Human Expenditures Governmental Governmental
Services Fund Fund Funds Funds
$ - $ 4,400,085 $ 1,593,743 $ 63,261,095
- -
2,119,419
12,111,223 187,500 3,096,935 41,110,202
-
- -
204,530
984,114 - 2,645,332 8,618,819
200,444 116,297 614,005 7,582,510
113,890 - 8,175,907
13,295,781 4,817,772 7,950,015 131,072,482
- -
22,384,671
671,908 29,834,629
- -
25,490,667
- -
6,677,023 24,284,817
- -
333,837 775,903
13,572,861 - - 13,572,861
4,344,048 80,847 5,165,931
- -
-
340,411
13,572,861 4,344,048 7,763,615 121,849,890
(277,080) 473,724 186,400 9,222,592
12,351 4,775,000 2,592,543 7,436,144
- -
1,207,377 7,436,144
12,351 4,775,000 1,385,166 -
(264,729) 5,248,724 1,571,566 9,222,592
905,860 1,816,572 10,657,016 38,414,273
$ 641,131 $ 7,065,296 $ 12,228,582 $ 47,636,865
31
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 31,2005
Net changes in fund balances-total governmental funds $ 9,222,592
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 9,787,537
Depreciation expense (19,359,243)
Excess of depreciation over capital outlay (9,571,706)
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 (50,525)
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. 1,845,747
Internal services used by Enterprise Funds (80,353)
Change in assets of governmental activities $ 1,365,755
See accompanying notes to the basic financial statements
32
COUNTY OF WELD
STATE OF COLORADO
Statement of Net Assets
Proprietary Funds
December 31,2005
Business-type Governmental
Activity Activities
Paramedic
Enterprise Internal
Fund Service Funds
ASSETS
Cash and short-term investments $ 366,468 $ 6,439,192
Property taxes receivable - 996,974
Receivables(net of allowance for uncollectibles):
Accounts 2,159,037 388,330
Due from other County funds - 209,435
Inventory - 42,107
Other assets - 4,071
Total Current Assets 2,525,505 8,080,109
Capital Assets:
Land 48,496 -
Improvements other than buildings 55,728 485,897
Buildings 656,305 8,975,977
Machinery and equipment 877,263 25,683,982
Accumulated depreciation (828,149) (18,459,187)
Total Capital Assets 809,643 16,686,669
Total Assets 3,335,148 24,766,778
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts payable 47,799 959,376
Accrued liabilities 266,251 803,054
Due to other County funds 312 9,848
Deferred revenue 9,897 1,575,625
Due within one year - 420,000
Advances from general fund 885,000 -
Total Current Liabilities 1,209,259 3,767,903
Noncurrent liabilities:
Due in more than one year - 5,571,894
Total noncurrent liabilities - 5,571,894
Total liabilities 1,209,259 9,339,797
Net Assets
Invested in capital assets, net of related debt 809,643 10,694,775
Restricted for:
Workers'compensation - 190,423
Unrestricted 1,316,246 4,541,783
Total net assets 2,125,889 $ 15,426,981
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. (192,076)
Net assets of business-type activities $ 2,317,965
See accompanying notes to the basic financial statements
33
COUNTY OF WELD
STATE OF COLORADO
Statement of Revenue, Expenses and
Changes in Net Assets
Proprietary Funds
For the fiscal year ended December 31, 2005
Business-type Governmental
Activity Activities
Paramedic
Enterprise Internal
Fund Service Funds
Operating revenues:
Contributions $ - $ 6,695,804
Charges for services 7,728,736 6,969,642
Total operating revenues 7,728,736 13,665,446
Operating expenses:
Bad debt expense 2,137,859 -
Personnel services 3,135,542 121,045
Supplies 234,819 1,717,624
Purchased services 674,134 2,715,071
Insurance and bonds - 467,161
Depreciation 182,419 2,397,332
Other 77,897 144,120
Claims - 5,897,501
Total operating expenses 6,442,670 13,459,854
Operating income (loss) 1,286,066 205,592
Nonoperating revenues (expenses):
Taxes - 742,622
Miscellaneous 4,275 880,979
Interest income - 34,295
Fees 11,127 -
State Grant 85,576 150,000
Gain (loss)on disposition of assets (3,770) 127,999
Judgements and damages - 34,447
Net increase(decrease)in fair market value -Interest expense - (341,893)
Total nonoperating revenues(expenses) 97,208 1,628,449
Income (loss) before contributions or transfers 1,383,274 1,834,041
Capital contributions (5,325) 11,706
Changes in net assets 1,377,949 1,845,747
Total net assets beginning of year 747,941 13,581,234
Total net assets at end of year 2,125,890 $ 15,426,981
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. 80,353
Change in net assets of business-type activities $ 1,458,302
See accompanying notes to the basic financial statements
34
COUNTY OF WELD
STATE OF COLORADO
Combining Statement of Cash Flows
Proprietary Funds
For the fiscal year ended December 31,2005
Business-type Governmental
Activity Activites
Enterprise Fund Internal
Paramedic Services Service Funds
CASH FLOWS FROM OPERATING ACTIVITIES
Cash flows from external customers $ 4,469,416 $ 658,073
Cash flows from internal customers - 13,265,398
Cash payments to external suppliers for goods and services (728,404) (9,787,687)
Cash payments to internal suppliers for goods and services (419,907) (221,240)
Cash payments to employees for services (2,996,003) (292,302)
Miscellaneous revenues - 2,750
Net cash provided(used)by operating activities 325,102 3,624,992
CASHFLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Taxes - 742,622
Grants 95,473 -
Judgements/damages/losses - 34,447
Miscellaneous 15,402 400.000
Net cash provided by noncapital financing activities 110,875 1,177,069
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Acquisition of capital assets (108,233) (3,088,610)
Principal paid on long-term debt - (398,355)
Interest paid - (341,893)
Proceeds from sale of capital assets - 122,775
Grants - 150.000
Net cash provided(used)for capital and related
Financing activities (108,233) (3,556,083)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments - 374,706
Net Increase(decrease)in Cash and Cash Equivalents 327,744 1,620,684
Cash and Cash Equivalents at Beginning of Year 38.724 4,818,507
Cash and Cash Equivalents at End of Year $ 366 468 $ 6 439 191
Reconciliation of operating income to net cash
provided(used)by operating activities:
Operating income(loss) $ 1,286,066 $ 205,592
Adjustments to reconcile operating income to
net cash provided(used)by operating activities:
Depreciation expense 182,419 2,397,332
Miscellaneous revenue 2,750
Change in assets and liabilities
(Increase)decrease in accounts receivable (1,153,528) (218,201)
(Increase)decrease in due from other funds - 210,093
(Increase)decrease in inventories - (12,780)
(Increase)decrease in other assets 146 60,375
Increase(decrease)in accounts payable (8,428) 608,736
Increase(decrease)in accrued liabilities 19,202 116,192
Increase(decrease)in other liabilities (775) (12,309)
Increase(dedrease)in deferred revenue - 267,212
Total adjustments (960,964) 3,419,400
Net cash provided by operating activities $ 375 102 $ 3 624 992
Noncash investing,capital,and financing activities:
Contributions of capital assets from(to)government $ (5,325) $ 11,706
Capital asset trade-ins - $ 63,777
See Accompanying notes to the basic financial statements
35
COUNTY OF WELD
STATE OF COLORADO
Statement of Fiduciary Net Assets
Fiduciary Funds
December 31, 2005
Agency Weld County
Funds Retirement Plan
ASSETS
Cash and cash equivalents $ 5,167,617 $ -
Accounts Receivables
(net of allowances for uncollectables): 44 340
Restricted assets
Cash - 895,534
Corporate Bonds - 25,397,967
Common Stock - 68,766,748
US Property Fund - 11,134,126
Total assets $ 5,167,661 $ 106,194,715
LIABILITIES AND NET ASSETS
Accounts payable $ 289,324 $ 43,628
Due to other governments 4,878,337 -
Total Liabilities $ 5,167,661 $ 43,628
NET ASSETS
Held in trust for pension benefits
and other purposes $ 106,151,087
See accompanying notes to the basic financial statements
36
COUNTY OF WELD
STATE OF COLORADO
Statement of Changes in Fiduciary Net Assets
Fiduciary Funds
For the fiscal year ended December 31, 2005
Weld County
Retirement
Plan
Additions:
Employer contributions $ 2,779,636
Employee contributions 2,840,227
Earnings on investments 5,424,306
Net appreciation in fair market value of investments 2,288,279
Total Additions 13,332,448
Deductions:
Actuarial/Trustee fees 188,921
Benefit payments 5,947,695
Supplies 7,646
Total Deductions 6,144,262
Change in net assets 7,188,186
Net assets - beginning 98,962,901
Net assets -ending $ 106,151,087
See accompanying notes to the basic financial statements
37
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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
38
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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 6Ch 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.
39
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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
40
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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.
41
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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
without directly receiving (or giving) equal value in exchange, include
property taxes, grants, and donations. Revenues from property taxes are
42
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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 FASB Statements and Interpretations issued on or before
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
43
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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.
44
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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.
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
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
45
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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 14, 2005, 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" .
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.
46
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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 fixed 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.
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
47
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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, 2005, include $269,700, $1, 319, 860, and $3, 553, 801 for the
General Fund, Special Revenue Funds, and Capital Expenditures Funds,
respectively, for a total of $5, 143, 361.
Reserved for Other Assets:
These reserves are established to record all prepaid items.
Recorded reserves at December 31, 2005, are $218, 093 and $8, 634 for
the General Fund and Special Revenue Funds respectively, for a total
of $226, 727.
Reserved for Inventories:
These reserves are established to record the total level of supply
inventories. Recorded reserves at December 31, 2005, are $113, 395
and $852,216 for General Fund and Special Revenue Funds
respectively, for a total of $965, 611.
48
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
Reserved for Advances:
These reserves are established to record the total advance between
funds. Reserve at December 31, 2005, is $885, 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, 2006.
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
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
49
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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 2005, 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.
Human Services 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.
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.
Beebe Draw Law Enforcement 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 $749, 306. The deficit will be recovered through future
operations.
Note 3 - Equity in Pooled Cash and Investments:
The County maintains a cash and investment pool that is available for use
by all funds. The cash and investment account is under the custody of
the County Treasurer. This account includes certain restricted assets.
Each fund' s share of the cash and investment account is displayed on the
balance sheets as "Cash and Short-term Investments." Substantially all
cash and investments of the Pension Trust Fund are held separately from
those of the other County funds.
If a fund overdraws its share of a cash and investment account, the
shortfall is reported as an inter-fund receivable/advance to other funds
in the General Fund with an offsetting inter-fund payable in the
overdrawn fund.
50
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
Deposits :
Colorado State Statutes, specifically the Public Deposit Protection Act
of 1989, require all public monies to be deposited in financial
institutions which have been designed as eligible public depositories.
Eligible public depositories must pledge eligible collateral, as
promulgated by the State banking board, having a market value in excess
of one hundred two percent of the aggregate uninsured public deposits.
Eligible collateral must be held in the custody of any federal reserve
bank or any branch thereof, or of any depository trust company which is a
member of the Federal Reserve System and which is supervised by the State
banking board. The Statutes further restrict such deposits to eligible
public depositories which are either a National Bank or a State Bank
located in the State of Colorado.
Custodial credit risk for deposits and investments is a risk in the event
of a failure of the custodian the County may not be able to recover the
value of the investment securities that are in the possession of an
outside party. Investments held in U.S. Government agency obligations are
held by the custodian in the County's name.
The bank balances of the County' s pooled deposits are categorized by
level of credit risk as follows: Category A (the least level of risk)
includes deposits with financial institutions that are insured by the
Federal Deposit Insurance Corporation (FDIC) , with securities held by the
County or its agent in the County' s name; Category B includes uninsured
deposits collateralized with securities held by the pledging financial
institution's trust department or agent in the County' s name, including
those collateralized in accordance with the Public Deposit Act of 1989;
and Category C (the highest level of risk) includes uninsured or
uncollateralized funds held by the pledging financial institution, or by
its trust department or agent but not in the County's name, that could be
lost if the financial institution fails. Categorized deposits at
December 31, 2005 are as follows :
Category
Bank Carrying
A B Balance Amount
Primary Government:
Pooled Deposits:
Demand Deposits $ 100,000 $ 13,458,667 $ 13,558,6667 $ 15,864,617
Certificates of
Deposit(Maximum mat-
urity of 12 months) 700,000 6,752,741 7,452,741 7,452,741
Total Pooled Deposits $ 800,000 $ 20,211,408 $ 21,011,408 $ 23,317,358
Total Deposits $ 800,000 $ 20,211,408 $ 21,011,408 $ 23,317,358
All deposits made by the County Treasurer in 2005 were done so in
eligible public depositories, as defined by the Public Deposit Protection
Act of 1989.
51
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
Investments :
There are many factors that can affect the value of investments . Some,
such as custodial, concentration of credit, foreign currency and interest
rate risks may effect the fixed income investments of the County and the
Retirement Plan. Equity securities respond to such factors as economic
conditions, individual company earnings performance and market liquidity,
while fixed income securities are sensitive to credit risks and changes
in interest rates. The County and the Retirement Plan have established
investment policies to provide the basis for the management of prudent
investment programs appropriate to the County and Plan's investments.
Investments in U.S. Government Agency Obligations and mutual funds are
not subject to concentration of credit risk. The County's investment
policy limits the interest rate risk by limiting the investment of the
fixed income securities to a maximum maturity of five years .
Colorado State Statutes authorize the County to invest in U.S. Treasury
bills, notes, and bonds, U.S. government agency securities, general
obligations and revenue bonds of any state, commercial paper, money
market funds, repurchase agreements, and local government investment
pools. At December 31, 2005 there were County funds invested only in
U.S Government agency securities.
The Weld County Retirement Plan, which is not restricted to invest in the
securities as noted above, invests in a balanced portfolio containing
investments in domestic and international equities, domestic fixed
income, and domestic real estate. The Plan' s investments are the
responsibility of the Plan's Board which is assisted in the investment
decisions by recommendations made by an independent investment management
company contracted by the Board.
The County' s investments are categorized by level of credit risk as
follows: Category A (the least level of risk) includes investments that
are insured or registered or for which the securities are held by the
County or its agent in the County' s name; Category B included uninsured
or unregistered investments for which the securities are held by the
counter party's trust department in the County's name; and Category C
(the highest level of risk) included uninsured or unregistered
investments for which the securities are held by the counter party or by
its trust department or agent but not in the County's name and that
portion of the carrying amount of any repurchase agreement that exceeds
the market value of the underlying securities.
The County's investments at December 31, 2005 consisted totally of U.S.
Government Agency Bonds and therefore are all classified as Category A
investments. The retirement plan investments cannot be categorized since
the specific securities belonging to Weld County cannot be identified.
Further detail of the Retirement Plan investments regarding investment
risk factors may be obtained by requesting the Plan's Audited Financial
Statements from the Weld County Retirement Plan, PO Box 458, Greeley, CO.
52
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
Fair Value/
Category Carrying
A Amount Cost
Primary Government:
Pooled Investments:
U.S. Government Agency Bonds $46,769,231 $ 46,769,231 $ 47,544,194
Total Pooled Investments $ 46,769.231 $ 47,544,194
Non-Pooled Investments:
Money Market Funds - Finance $ 852 $ 852
Money Market Funds - Retirement Plan 430,199 430,199
Various Mutual Funds - Retirement Plan 105,298,841 92,386,075
Total non-pooled investments $ 105,729,892 $ 92,817,126
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.
53
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
Receivable Fund Payable Fund Amount
General Fund Public Works $ 4, 933
Social Services Fund 181,440
Human Services Fund 17, 936
Non-Major Governmental 508
Enterprise Fund 311
Public Works Social Services Fund 142, 147
Human Services Social Services Fund 203,500
General Fund 1,739
Internal Service General Fund 36, 116
Public Works 107, 084
Social Services Fund 29, 380
Human Services Fund 25, 501
Non-Major Governmental 1, 506
Enterprise Fund $ -0-
$ 752, 101
Advances from/to other funds:
The balance of $885, 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 $ 885, 000
54
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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 Social Non-Major
Services Services Capital Governmental Total
Transfers Out:
General Fund $ 12,351 56,250 $4,775,000 $1,385,166 $6,228,767
Non-Major 00 $ 00 $ 00 1,207,377 1,207,377
Total $ 12,351 $ 56,250 54,775,000 $2,592,543 $7,436,144
The County also had noncash transfers. Contribution of capital assets
from (to) government: Paramedic Services $ (5, 325) , Internal Service
Funds $ (11, 706) .
Note 5 - Allowance for Uncollectible Accounts Receivable:
The allowance for uncollectible receivables consists of the following a
December 31, 2005 :
Allowance for
Fund Type Uncollectible
General $ 17, 644
Special Revenue 5, 168
Capital Expenditures 2, 012
Enterprise 167, 200
Internal Service 343
Total $ 192,367
55
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31,2005
Note 6-Capital Assets:
Capital asset activity for the year ended December 31,2005,was as follows:
Beginning Ending
Balance Increases Decreases Transfers Balance
Governmental activites
Capital Assets not being depreciated
Land and water rights $ 7,644,086 $ 469,704 $ - $ - $ 8,113,790
Gravel Roads 7,005,383 2,934 - 7,008,317
Construction in progress 3,321,727 2,390,817 3,315,390 - 2.397,154
Total capital assets not being depreciated 17,971,196 2,863,455 3,315.390 - 17,519,261
Capital assets being depreciated:
Buildings 69,335,091 4,123,300 182,449 73,275,942
Improvements 4,851,900 1,216,942 15,532 - 6,053,310
Equipment 36,003,117 3,907,719 3,515,600 (15,072) 36,380,164
Infrastructure 286.370,119 4,262,887 5,175,621 - 285,457,385
Total capital assets being depreciated 396,560,227 13,510,848 8.889.202 (15,072) 401,166,801
Less accumulated depreciation
Buildings 18,459,704 1,666,182 53,173 - 20,072,713
Improvements 1,326,901 169,266 11,390 - 1,484,777
Equipment 21,068,634 3,309,425 2,587,911 (15,072) 21,775,076
Infrastructure 127,361,221 13,267,097 2,538,068 - 138.090,250
Total accumulated depreciation 168.216,460 18,411,970 5,190.542 (15,072) 181,422,816
Total capital assets being depreciated, net 228,343,767 (4,901,122) 3,698,660 - 219,743,985
Governmental activities capital assets, net $ 246 314 963 $ (2 037 667) $7 014 05Q $ - $ 237 263 246
Business-type activities:
Capital Assets not being depreciated
Land $ 48.496 $ - $ - $ - $ 48.496
Capital assets being depreciated:
Buildings 656,305 - - - 656,305
Improvements 55,728 - - - 55,728
Equipment 1,035,066 131,407 304,282 15,072 877,263
Total capital assets being depreciated 1.747,099 131,407 304.282 15,072 1,589,296
Less accumulated depreciation
Buildings 268,118 21,566 - - 289,684
Improvements 36,297 3,427 - - 39,724
Equipment 626.755 157,426 300,512 15,072 498,741
Total accumulated depreciation 931,170 182,419 300.512 15.072 828,149
Total capital assets being depreciated, net 815,929 (51,012) 3,770 - 761,147
Business-type activities capital assets,net $ 864 475 $ (51 012) $ 3 77Q $ - $ 809 64Q
56
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
Depreciation expense was charged to functions/programs of the primary
government as follows:
Governmental activities:
General government $ 1, 040, 553
Public safety 1, 009,285
Streets and highways 13,413, 217
Economic assistance 121, 152
Culture and recreation 13, 144
Health and welfare 416, 947
Total depreciation expense-governmental activities $ 16, 014,298
Business-type activities
Paramedic Service $ 182,419
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.
57
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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 :
2004 2005
Unpaid Claims - Beginning $ 506,807 $ 590,417
Incurred Claims (Includes IBNR'S) 439,207 965,406
Claims Paid (355,597) (849,142)
Unpaid Claims - Ending $ 590,417 $ 706,681
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 :
2004 2005
Unpaid Claims - Beginning $ 76,695 $ 84,083
Incurred Claims (Includes IBNR's) 121,847 79,305
Claims Paid (114,459) (79,696)
Unpaid Claims - Ending $ 84,083 $ 83,692
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
58
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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 $518,647 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, 2005:
Internal Service Fund:
Certificates of participation $ 6, 010, 000
Less uncredited discount 18, 106
Certificates of participation - net $ 5, 991, 894
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 3 .80% 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.
59
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
Future debt service requirements for the certificates of participation
are as follows :
Year Principal Interest Total
2006 420, 000 322,293 742,293
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
2011-2016 3,695,000 741, 690 4,436, 690
Total $ 6,010, 000 $ 2,128, 992 $ 8, 138, 992
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 $108,459, 755 at December 31,
2005 .
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, 2005 totaled $12,422, 677.
Changes in long-term liabilities
Long-term liability activity for the year ended December 31, 2005, was as
follows:
Beginning Ending Due Within
Balance Additions Reductions Balance One Year
Governmental activities:
Certificates of participation $ 6,410,000 $ 0 $ 400,000 $ 6,010,000 $ 420,000
Compensated absences
General Fund 1,073,206 101,428 78,707 1,095,927 41,544
Public Works 330,686 39,523 3,751 366,458 15,886
Social Services 355,529 17,574 25,213 347,890 16,091
Public Health 140,315 3,737 4,066 139,986 7,696
Total governmental $ 8 309.736 $ 162,262 $ 511,737 Q__7,,@60 261 $ 501,217
60
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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% of their annual covered payroll. The
County is required to contribute at an actuarially determined rate; the
current rate is 7% 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 $ 3,228,916
Interest on net pension obligation (44,163)
Annual Pension Cost 3,184,753
Contributions made 2,779,636
Decrease in net pension asset 405,117
Net pension obligation (asset) beginning of year 552,039)
Net pension obligation (asset) end of year $ (146,922)
The annual required contribution for the current year was determined as
part of the January 1, 2005 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, 2005, was 30 years.
61
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
Three-Year Trend Information:
Fiscal Year Annual Percentage of Net Pension
Ended Pension APC Contributed Obligation
Cost (APC) (Asset)
December 31, 2003 2,594,575 84.1% (1,335,980)
December 31, 2004 3,018,459 74.0% (552,039)
December 31, 2005 3,184,753 87.3% (146,922)
Note 11 - Commitments and Contingencies :
Commitments
At year-end there were projects under construction with commitments of
$3, 552, 801 including $2, 277, 036 for the Southeast Weld Administration
building and $1, 276, 765 for the North Administration building.
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.
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.
62
COUNTY OF Weld County
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2005
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, 2004
Assets $1, 147, 082
Liabilities 144, 846
Fund Balance 1, 002,236
Additions 1, 542, 392
Deductions 1,444,225
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 734% Employer/Employee
2007 8% Employer/Employee
63
COUNTY OF WELD
STATE OF COLORADO
Year Ended December 31, 2005
Note 13 —Non-Cash Activity in Social Services Fund
Schedule of EBT Authorizations, Warrant Expenditures and Total Expenditures
For the Year Ended December 31, 2005
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 3,017,998 5,972 147,730 3,165,728 153,702
1,348,387 146,318 1,494,705 146,318
Low-Income Energy 0
Assistance Program
1,310,409 589,510 1,706,436 3,016,845 2,295,946
Temporary Assistance for
Needy Families
Administration 1,500 300 3,600,380 3,601,880 3,600,680
Trails/Child Welfare 11,670,122 1,839,332 5,791,651 17,461,773 7,630,983
1,197,207 262,402 154,433 1,351,640 416,835
Core Services
Aid to the Needy Disabled 566,054 98,975 (16,373) 549,681 82,602
IV-D Administration 0 0 1,803,077 1,803,077 1,803,077
CHATS/Child Care 3,080,781 349,879 437,064 3,517,845 786,943
General Assistance 0 0 158,152 158,152 158,152
Subtotal 22,192,458 3,146,370 13,928,868 36,121,326 17,075,238
Food Assistance 12,175,450 0 0 12,175,450 0
Grand Total 34,367,908 3,146,370 13,928,868 48,296,776 17,075,238
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.
64
Required Supplementary
Information
2f•i t '/
V4 i' ' r#'
Y
COUNTY OF Weld County
STATE OF COLORADO
Year Ended December 31, 2005
Schedule of Funding Progress
Actuarial Actuarial Actuarial Unfunded Funded Covered UAAL as a
Valuation Value of Accrued AAL (UAAL) Ratio Payroll Percentage
Date Assets Liability (b-a) (a/b) of
(a) (AAL) Covered
Entry Age Payroll
(b) [b-a)/c)
1/1/00 $73,496,057 $ 74,091,851 $ 595,794 99.2% $29,265,761 2.0%
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%
Schedule of Employer Contributions
Annual
Year Ended Required Actual Percentage
December 31 Contribution") Contribution Contributed
1999 $1,530,397 $1, 814, 318 110. 0%
2000 $1, 199, 689 $1, 925, 094 151.2%
2001 $1,591, 067 $2, 094, 969 121. 0%
2002 $1, 986, 145 $2, 182, 671 105.5%
2003 $2,734,414 $2,234, 518 79. 8%
2004 $3, 125,337 $2, 779, 636 71.5%
"Required contribution at beginning of year.
65
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.
2005
Condition Miles of Road %of Total
Good 2256.19 93.5%
Fair 124.79 5.2%
Poor 30.75 1.3%
Comparison of Estimated-to-Actual Maintenance/Preservation
2002 2003 2004 2005 2006
Estimated $1,450,400 $1,464,400 $1,643,167 $1,800,000 $1,861,200
Actual $1,338,087 $1,521,710 $1,785,000 $2,910,000
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.
• 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.
66
Required Supplementary Information
Other Than MD&A
on
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, 2005
Budget- GAAP Basis
Original Final Actual Variance
REVENUES
Taxes:
General property taxes $ 41,593,093 $ 41,593,093 $ 41,163,392 $ (429,701)
Severance tax 25,000 185,000 188,974 3,974
Tobacco products - 70,000 86,164 16,164
Penalties & interest - - (12,565) (12,565)
Property tax adjustment (1,962,812) (1,962,812) (1,962,812) -
Total Taxes 39,655,281 39,885,281 39,463,153 (422,128)
Licenses and Permits
Liquor licenses 4,000 4,000 4,540 540
Planning permits 370,720 780,720 817,434 36,714
Building permits 700,000 800,000 837,417 37,417
Electrical permits 100,000 100,000 131,822 31,822
Total Licenses and Permits 1,174,720 1,684,720 1,791,213 106,493
Intergovernmental:
Federal grants 694,323 694,323 51,355 (642,968)
Payment in lieu of taxes 2,000 2,000 4,837 2,837
State grants 2,680,598 2,960,532 3,721,823 761,291
Other governmental units 29,890 29,890 119,519 89,629
Cities and towns 385,000 385,000 238,626 (146,374)
Total Intergovernmental 3,791,811 4,071,745 4,136,160 64,415
Charges for Service:
Plan checking fees 300,000 300,000 322,208 22,208
Charges for services 1,994,321 2,535,321 2,893,759 358,438
Sale of supplies 73,400 73,400 117,121 43,721
Parking 14,500 29,500 31,334 1,834
Total Charges for Services 2,382,221 2,938,221 3,364,422 426,201
Fines and Forfeitures:
Property forfeitures/evidence 3,000 3,000 154,989 151,989
Fines (drunk drivers) 149,000 149,000 49,541 (99,459)
Total Fines and Forfeitures 152,000 152,000 204,530 52,530
Miscellaneous:
Miscellaneous 1,271,327 2,129,875 2,627,539 497,664
Interest 1,000,000 2,000,000 2,449,897 449,897
Rents from buildings 119,382 119,382 143,977 24,595
Royalties 150,000 650,000 748,260 98,260
Total Miscellaneous 2,540,709 4,899,257 5,969,673 1,070,416
67
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, 2005
Budget-GAAP Basis
Original Final Actual Variance
REVENUES (CONTINUED)
Fees:
Fee account 5,482,000 6,932,000 7,060,198 128,198
Treasurer's fees 30,000 50,000 51,272 1,272
Cable fees 40,000 48,000 47,908 (92)
Total Fees 5,552,000 7,030,000 7,159,378 129,378
Total Revenues 55,248,742 60,661,224 62,088,529 1,427,305
EXPENDITURES
General Government:
Office of the Board 572,672 581,672 599,794 (18,122)
County Attorney 644,993 727,993 743,734 (15,741)
Public Trustee 7,000 7,000 - 7,000
Planning and zoning 857,760 970,760 950,657 20,103
Clerk to the Board 205,334 275,334 263,181 12,153
County Clerk 770,245 826,245 828,568 (2,323)
Elections and registration 779,578 825,578 820,632 4,946
Motor vehicle 1,330,801 1,424,801 1,404,120 20,681
County Treasurer 725,083 728,333 695,964 32,369
County Assessor 2,229,719 2,369,719 2,317,687 52,032
Maintenance of buildings/grounds 3,804,736 3,924,736 3,671,190 253,546
County Council 26,673 26,673 15,963 10,710
District Attorney 3,335,377 3,793,377 3,554,666 238,711
Juvenile Diversion Grant - 33,334 32,396 938
Victim Assistance 321,013 344,013 847,015 (503,002)
White Collar Crime - 30,000 3,361 26,639
DUI - 10,000 1,371 8,629
MYAT- Probation - 30,000 6,678 23,322
Financial administration 349,530 354,530 341,326 13,204
General accounting 403,625 410,625 393,576 17,049
Purchasing 116,584 118,584 116,701 1,883
Personnel 546,520 546,520 476,274 70,246
Geographical Information Systems 270,125 320,125 242,787 77,338
Computer Services 1,679,964 2,039,964 2,599,369 (559,405)
Printing and Supply 264,396 310,396 234,661 75,735
Total General Government 19,241,728 21,030,312 21,161,671 (131,359)
(CONTINUED)
68
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, 2005
Budget- GAAP Basis
Original Final Actual Variance
EXPENDITURES (CONTINUED)
Public Safety
Sheriff administration 1,179,672 1,179,672 1,142,241 37,431
Crime control and investigations 5,430,532 5,808,307 6,122,941 (314,634)
Traffic control 861,093 1,002,866 934,379 68,487
Task force 155,425 155,425 109,614 45,811
Regional forensic laboratory 174,545 183,545 179,612 3,933
Communications services 1,561,698 1,561,698 1,576,270 (14,572)
Communication system development - 600,000 571,524 28,476
E-911 administration 700 700 - 700
Criminal justice 882,748 882,748 769,385 113,363
County Coroner 524,761 524,761 475,921 48,840
Correctional administration 11,141,181 12,411,181 12,757,564 (346,383)
Community correction 2,629,371 2,629,371 2,482,306 147,065
Building inspection 1,142,393 1,297,393 1,242,483 54,910
Office of emergency management 104,360 129,360 116,591 12,769
Waste water management 12,310 15,810 14,867 943
Animal control 260,426 275,426 259,667 15,759
Pest/weed control 344,418 388,418 374,374 14,044
Victim Advocates - 40,000 32,504 7,496
Solid waste - - 478 (478)
Total Public Safety 26,405,633 29,086,681 29,162,721 (76,040)
Public Works:
General engineering 1,544,633 1,544,633 976,535 568,098
Extension services 377,648 388,648 332,043 56,605
Veteran office 62,813 62,813 57,828 4,985
Airport 9,868 29,868 27,276 2,592
Total Public Works 1,994,962 2,025,962 1,393,682 632,280
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 114,171 334,171 317,556 16,615
A Kid's Place 8,250 8,250 8,250 -
Total Public Health and Welfare 316,921 536,921 476,306 60,615
Culture and Recreation:
Missile site park 63,546 63,546 52,698 10,848
Parks and Trails 12,500 14,000 14,627 (627)
County fair 288,661 288,661 374,741 (86,080)
Total Culture and Recreation 364,707 366,207 442,066 (75,859)
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, 2005
Budget- GAAP Basis
Original Final Actual Variance
EXPENDITURES (CONTINUED)
Miscellaneous:
Other 560,937 667,937 712,176 (44,239)
Building rents 485,000 515,000 510,824 4,176
Total Miscellaneous 1,045,937 1,182,937 1,223,000 (40,063)
Capital Outlay:
Capital purchases 3,035,300 2,573,300 741,036 1,832,264
Debt Services:
Capital lease 341,893 341,893 340,411 1,482
Total Expenditures 52,747,081 57,144,213 54,940,893 2,203,320
Other Financing Source (Use)
Transfers -Out:
Appropriation Grants-In-Aid 2,397,517 6,228,767 6,228,767 -
Total Other Financing Sources (Uses) (2,397,517) (6,228,767) (6,228,767) -
Net Change in Fund Balance 104,144 (2,711,756) 918,869 3,630,625
Fund Balance at Beginning of Year 8,216,239 8,216,239 8,216,239 -
Fund Balance at End of Year $ 8,320,383 $ 5,504,483 $ 9,135,108 $ 3,630,625
70
COLORADO
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, 2005
Budget- GAAP Basis
Original Final Actual Variance
REVENUES:
Taxes:
General property taxes $ 5,987,855 $ 5,987,855 $ 5,930,729 $ (57,126)
Specific ownership taxes 5,875,000 5,875,000 6,626,491 751,491
Penalties & Interest - - 903 903
Total Taxes 11,862,855 11,862,855 12,558,123 695,268
Licenses and Permits
Moving permits 250,000 310,000 328,206 18,206
Intergovernmental:
Mineral leasing 80,000 230,000 231,832 1,832
Grazing act 15,000 80,000 81,564 1,564
Payment in lieu of taxes 50,000 50,000 19,730 (30,270)
Grants 826,400 1,526,400 1,380,155 (146,245)
Motor vehicle registration fees 320,000 320,000 338,340 18,340
Highway user tax fund 8,140,000 8,140,000 7,713,466 (426,534)
Total Intergovernmental 9,431,400 10,346,400 9,765,087 (581,313)
Charges for Services:
Charges for services - - 1,624,951 1,624,951
Miscellaneous:
Earnings on deposits - - 104,172 104,172
Special assessments - - 12,806 12,806
Miscellaneous 1,389,000 1,389,000 565,111 (823,889)
Gain on sale of assets - - - -
Recoveryoflosses 1,000 1,000 - (1,000)
Total Miscellaneous 1,390,000 1,390,000 682,089 (707,911)
Fees:
Other fees - - 902,639 902,639
Total Revenues 22,934,255 23,909,255 25,861,095 1,951,840
72
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, 2005
Budget- GAAP Basis
Original Final Actual Variance
EXPENDITURES
Public Works
Bridge construction 2,711,595 2,711,595 2,495,495 216,100
Maintenance of condition 3,630,660 3,630,660 4,033,073 (402,413)
Maintenance support 1,857,040 2,007,040 1,760,565 246,475
Trucking division 3,065,000 3,065,000 2,858,704 206,296
Mining division 2,260,775 2,510,775 2,017,381 493,394
Administration 836,623 926,623 1,341,451 (414,828)
Other public works 13,312,196 14,332,196 8,142,733 6,189,463
Total Public Works 27,673,889 29,183,889 22,649,402 6,534,487
Intergovernmental:
Grants-in-aid to cities/towns 1,579,747 1,579,747 1,447,583 132,164
Capital outlay 25,000 25,000 - 25,000
Total Expenditures 29,278,636 30,788,636 24,096,985 6,691,651
Net Change in Fund Balance (6,344,381) (6,879,381) 1,764,110 8,643,491
Fund Balances at Beginning of Year 14,001,284 14,001,284 14,001,284 -
Fund Balances at End of Year $ 7,656,903 $ 7,121,903 $ 15,765,394 $ 8,643,491
73
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, 2005
Budget- GAAP Basis
Original Final Actual Variance
REVENUES
Taxes:
General property taxes $ 5,300,000 $ 5,300,000 $ 5,246,740 $ (53,260)
Penalties & Interest - - (749) (749)
Total Taxes 5,300,000 5,300,000 5,245,991 (54,009)
Intergovernmental:
Welfare 11,810,480 11,810,480 11,813,297 2,817
Miscellaneous:
Earnings on deposits - - 2 2
Total Miscellaneous - - 2 2
Total Revenues 17,110,480 17,110,480 17,059,290 (51,190)
EXPENDITURES
Public Health and Welfare:
Administrative - regular 3,986,500 3,986,500 3,365,919 620,581
Administrative - IV-D 1,787,000 1,787,000 1,803,077 (16,077)
Employment first 305,000 305,000 234,761 70,239
General assistance 155,000 155,000 213,742 (58,742)
TANF 1,983,800 1,983,800 2,295,946 (312,146)
AND - State 95,000 95,000 82,602 12,398
Child welfare 7,186,500 7,186,500 7,630,983 (444,483)
Daycare 1,038,250 1,038,250 786,944 251,306
Medicaid transportation - - 660 (660)
74
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, 2005
Budget- GAAP Basis
Original Final Actual Variance
EXPENDITURES (CONTINUED):
OAP-A 118,800 118,800 153,702 (34,902)
Core services 1,200,000 1,200,000 416,835 783,165
Administrative- LEAP 127,850 127,850 147,201 (19,351)
LEAP- Program - - (884) 884
Total Public Health and Welfare 17,983,700 17,983,700 17,131,488 852,212
Capital Outlay 65,000 65,000 - 65,000
Total Expenditures 18,048,700 18,048,700 17,131,488 917,212
Other Financing Sources (Uses):
Transfers - In: - - 56,250 56,250
Total Other Financing Sources (Uses) - - 56,250 56,250
Net Change in Fund Balance (938,220) (938,220) (15,948) 922,272
Fund Balances at Beginning of Year 2,817,302 2,817,302 2,817,302 -
Fund Balances at End of Year $ 1,879,082 $ 1,879,082 $ 2,801,354 $ 922,272
75
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, 2005
Budget- GAAP Basis
Original Final Actual Variance
REVENUES
Intergovernmental:
Federal grants $ 10,011,500 $ 10,891,500 $ 10,766,675 $ (124,825)
State grants 1,562,000 1,737,000 1,344,548 (392,452)
Total Intergovernmental 11,573,500 12,628,500 12,111,223 (517,277)
Charges for Services:
Charges for services 599,000 599,000 984,114 385,114
Total Charges for Services 599,000 599,000 984,114 385,114
Miscellaneous:
Donations from private sources 150,000 150,000 157,544 7,544
Other revenue 20,000 20,000 42,900 22,900
Total Miscellaneous 170,000 170,000 200,444 30,444
Total Revenues 12,342,500 13,397,500 13,295,781 (101,719)
EXPENDITURES
Economic Assistance:
Human resources general fund - - 376,455 (376,455)
Head start 3,290,000 3,290,000 2,964,819 325,181
Migrant head start 2,630,000 2,630,000 2,286,312 343,688
Preschool program 125,000 300,000 337,501 (37,501)
Job service 620,000 700,000 787,637 (87,637)
Summer job hunt 20,000 30,000 30,000 -
Jobs/New directions 40,000 45,000 45,801 (801)
Employment first 178,000 178,000 126,604 51,396
YCPI 40,000 40,000 15,313 24,687
TANF 560,000 560,000 572,435 (12,435)
WIA administration 100,000 120,000 109,886 10,114
WIA adult programs 230,000 460,000 445,655 14,345
WIA youth programs 400,000 540,000 541,422 (1,422)
JTPA IIB 40,000 40,000 26,128 13,872
WIA planning 50,000 75,000 26,830 48,170
WIA statewide activities 50,000 50,000 15,891 34,109
WIA dislocated worker 250,000 450,000 428,348 21,652
Human resources lab pool 250,000 250,000 295,343 (45,343)
UI training program 200,000 200,000 175,926 24,074
76
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, 2005
Budget- GAAP Basis
Original Final Actual Variance
EXPENDITURES (CONTINUED):
One stop - 170,000 161,926 8,074
AAA administration 67,351 67,351 68,105 (754)
OAA title Ill-B 235,000 235,000 232,169 2,831
OAA title III-C1 congregate 424,000 424,000 402,515 21,485
OAA title III-C2 50,000 50,000 42,959 7,041
OAA in home support 15,000 15,000 12,823 2,177
AAA elder abuse 2,500 2,500 1,866 634
AAA ombudsman 4,500 4,500 4,905 (405)
Single entry point 510,000 510,000 555,510 (45,510)
FTA 120,000 120,000 118,994 1,006
Wellspring/Health fund - - 7,933 (7,933)
AAA case management 35,000 35,000 17,824 17,176
Transportation - - 294,001 (294,001)
AAA state funds 120,000 120,000 144,549 (24,549)
Medicaid transportation 35,000 35,000 35,663 (663)
Supplemental foods 1,253,500 1,253,500 1,440,581 (187,081)
Part E family caregiver support 120,000 120,000 89,587 30,413
CSBG 290,000 290,000 332,645 (42,645)
Total Economic Assistance 12,354,851 13,409,851 13,572,861 (163,010)
Capital Outlay:
Total Capital Outlay - - - -
Total Expenditures 12,354,851 13,409,851 13,572,861 (163,010)
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 - - (264,729) (264,729)
Fund Balances at Beginning of Year 905,860 905,860 905,860 -
Fund Balances at End of Year $ 905,860 $ 905,860 $ 641,131 $ (264,729)
77
‘01 ,
Wilk
COLORADO
78
Supplemental Information
r r
COUNTY OF WELD
STATE OF COLORADO
EXPLANATIONS OF FUNDS
December 31, 2005
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
79
COUNTY OF WELD
STATE OF COLORADO
EXPLANATIONS OF FUNDS
December 31, 2005
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.
80
COUNTY OF WELD
STATE OF COLORADO
EXPLANATIONS OF FUNDS
December 31, 2005
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.
81
COUNTY OF WELD
STATE OF COLORADO
EXPLANATIONS OF FUNDS
December 31, 2005
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
82
istri
COLORADO
83
COUNTY OF WELD
STATE OF COLORADO
Combining Balance Sheet
Non-Major Governmental Funds
December 31, 2005
Conservation Contingent Emergency
Trust Fund Fund Fund
ASSETS
Cash and short-term investments $ 353,603 $ 4,860,088 $ 4,000,000
Receivables (net of allowance for uncollectibles):
Current property taxes - 1,294,980 -
Delinquent property taxes - 2,310 -
Accounts - - -
Inventories - -Other assets - - -
Total Assets $ 353,603 $ 6,157,378 $ 4,000,000
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ - $ - $ -
Accrued liabilities - - -
Other liabilities - - -
Due to other County funds - -Unearned revenue - 1,302,309 -
Unexpended grant revenue - - -
Total Liabilities - 1,302,309 -
Fund Balances:
Reserved for other assets - - -
Reserved for inventories - - -
Reserved for emergency - - 3,100,000
Unreserved:
Designated for future year's expenditure - 4,850,000 400,000
Undesignated 353,603 5,069 500,000
Total Fund Balances 353,603 4,855,069 4,000,000
Total Liabilities and Fund Balances $ 353,603 $ 6,157,378 $ 4,000,000
84
Bebee Draw Total
Law Nonmajor
Public Health Solid Waste Enforcement Governmental
Fund Fund Fund Funds
$ 1,478,418 $ 1,188,847 $ 242 $ 11,881,198
- - - 1,294,980
- - - 2,310
568,386 142,235 - 710,621
16,255 - - 16,255
330 - - 330
$ 2,063,389 $ 1,331,082 $ 242 $ 13,905,694
$ 56,229 $ 2,458 $ - $ 58,687
196,859 1,032 - 197,891
1,298 716 - 2,014
116,211 - - 1,418,520
370,597 4,206 - 1,677,112
330 - - 330
16,255 - - 16,255
- - - 3,100,000
- - - 5,250,000
1,676,207 1,326,876 242 3,861,997
1,692,792 1,326,876 242 12,228,582
$ 2,063,389 $ 1,331,082 $ 242 $ 13,905,694
85
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, 2005
Conservation Contingent Emergency
Trust Fund Fund Fund
REVENUES:
Taxes:
Taxes $ - $ 1,579,192 $ -
Intergovernmental 371,213 - -
Charges for services - - -
Miscellaneous 8,808 - -
Total Revenues 380,021 1,579,192 -
EXPENDITURES:
Current:
Public Safety - (1) -
Public health and welfare - - -
Culture and recreation 333,837 - -
Capital outlay - - -
Total Expenditures 333,837 (1) -
Excess of Revenues Over(Under)
Expenditures 46,184 1,579,193 -
Other Financing Sources (Uses):
Transfers - In - - 500,000
Transfers - Out - 500,000 -
Total Other Financing Sources (Uses) - (500,000) 500,000
Net Change in Fund Balances 46,184 1,079,193 500,000
Fund Balances at Beginning of Year 307,419 3,775,876 3,500,000
Fund Balances at End of Year $ 353,603 $ 4,855,069 $ 4,000,000
86
Bebee Draw Total
Law Nonmajor
Public Health Solid Waste Enforcement Governmental
Fund Fund Fund Funds
$ - $ - $ 14,551 $ 1,593,743
2,725,722 - - 3,096,935
1,220,978 1,424,354 - 2,645,332
605,197 - - 614,005
4,551,897 1,424,354 14,551 7,950,015
656,461 15,448 671,908
6,677,023 - - 6,677,023
-
- -
333,837
80,847 - - 80,847
6,757,870 656,461 15,448 7,763,615
(2,205,973) 767,893 (897) 186,400
2,092,543 - - 2,592,543
707,377 - 1,207,377
2,092,543 (707,377) - 1,385,166
(113,430) 60,516 (897) 1,571,566
1,806,222 1,266,360 1,139 10,657,016
$ 1,692,792 $ 1,326,876 $ 242 $ 12,228,582
87
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, 2005
Budgeted
Original Final Actual Variance
REVENUES
General property taxes $ 4,450,000 $ 4,450,000 $ 4,402,610 $ (47,390)
Penalties & interest - - (2,525) (2,525)
Total Taxes 4,450,000 4,450,000 4,400,085 (49,915)
Grant 500,000 500,000 187,500 (312,500)
Fees - - 113,890 113,890
Earnings on deposits 100,000 100,000 116,297 16,297
Total Revenues 5,050,000 5,050,000 4,817,772 (232,228)
EXPENDITURES
Capital Outlay:
Buildings 7,748,793 12,523,793 4,344,048 8,179,745
Total Expenditures 7,748,793 12,523,793 4,344,048 8,179,745
Other Financing Sources (Uses):
Transfers - In:
General Fund - 4,775,000 4,775,000 -
Total Other Financing Sources - 4,775,000 4,775,000 -
Net Change in Fund Balance (2,698,793) (2,698,793) 5,248,724 7,947,517
Fund Balance at Beginning of Year 1,816,572 1,816,572 1,816,572 -
Fund balance at End of Year $ (882,221) $ (882,221) $ 7,065,296 $ 7,947,517
88
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, 2005
Budgeted
Original Final Actual Variance
REVENUES
Intergovernmental:
State lottery $ 385,000 $ 385,000 $ 371,213 $ (13,787)
Miscellaneous:
Earnings on deposits 14,000 14,000 8,808 (5,192)
Total Revenues 399,000 399,000 380,021 (18,979)
EXPENDITURES
Culture and Recreation:
Land improvements 399,000 399,000 333,837 65,163
Total Expenditures 399,000 399,000 333,837 65,163
Net Change in Fund Balance - - 46,184 46,184
Fund Balances at Beginning of Year 307,419 307,419 307,419 -
Fund balances at End of Year $ 307,419 $ 307,419 $ 353,603 $ 46,184
89
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, 2005
Budgeted
Original Final Actual Variance
REVENUES
Taxes:
General property taxes $ 1,600,000 $ 1,600,000 $ 1,581,145 $ (18,855)
Penalties & Interest - - (1,953) (1,953)
Total Taxes 1,600,000 1,600,000 1,579,192 (20,808)
Total Revenues 1,600,000 1,600,000 1,579,192 (20,808)
EXPENDITURES
Miscellaneous 5,350,000 4,850,000 (1) 4,850,001
Total Expenditures 5,350,000 4,850,000 (1) 4,850,001
Other Financing sources (Uses):
Transfers -Out:
Other - 500,000 500,000 -
Total Other Financing (Uses) - (500,000) (500,000) -
Net Change in Fund Balance (3,750,000) (3,750,000) 1,079,193 4,829,193
Fund Balances at Beginning of Year 3,775,876 3,775,876 3,775,876 -
Fund Balances at End of Year $ 25,876 $ 25,876 $ 4,855,069 $ 4,829,193
90
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, 2005
Budgeted
Original Final Actual Variance
REVENUES
Taxes:
Total Revenues - - - -
EXPENDITURES 3,500,000 4,000,000 - 4,000,000
Other Financing Sources (Uses):
Transfers - In:
Non-Departmental - (500,000) (500,000) -
Total Other Financing Sources (Uses) - 500,000 500,000 -
Net Change in Fund Balance (3,500,000) (3,500,000) 500,000 4,000,000
Fund Balances at Beginning of Year 3,500,000 3,500,000 3,500,000 -
Fund Balances at End of Year $ - $ - $ 4,000,000 $ 4,000,000
91
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, 2005
Budgeted
Original Final Actual Variance
REVENUES
Intergovernmental:
State grants $ 2,342,187 $ 2,621,323 $ 2,715,174 $ 93,851
Federal grants - - 3,868 3,868
Counties 2,385,166 - 6,680 6,680
Total Intergovernmental 4,727,353 2,621,323 2,725,722 104,399
Charges for Services:
Charges for services 1,215,773 1,186,331 1,220,978 34,647
Total Charges for Services 1,215,773 1,186,331 1,220,978 34,647
Miscellaneous:
Other 14,000 - 578,482 578,482
Donations - 14,600 26,715 12,115
Total Miscellaneous 14,000 14,600 605,197 590,597
Total Revenues 5,957,126 3,822,254 4,551,897 729,643
EXPENDITURES
Public Health and Welfare:
Public health administration 142,000 162,007 167,033 (5,026)
Health education 381,910 1,179,952 1,026,435 153,517
Nursing 4,161,069 3,434,562 2,931,628 502,934
Environmental health 1,980,549 2,230,848 2,551,927 (321,079)
Total Public Health and Welfare 6,665,528 7,007,369 6,677,023 330,346
Capital Outlay:
Nursing 5,540 1,367 3,167 (1,800)
Environmental health - 6,000 77,680 (71,680)
Total Capital Outlay 5,540 7,367 80,847 (73,480)
Total Expenditures 6,671,068 7,014,736 6,757,870 256,866
Other Financing Sources(Uses):
Transfers- In:
Non Departmental 707,377 2,092,543 2,092,543 -
Total Other Financing Sources 707,377 2,092,543 2,092,543 -
Net Change in Fund Balance (6,565) (1,099,939) (113,430) 986,509
Fund Balances at Beginning of Year 1,806,222 1,806,222 1,806,222 -
Fund Balance at End of Year $ 1,799,657 $ 706,283 $ 1,692,792 $ 986,509
92
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, 2005
Budgeted
Original Final Actual Variance
REVENUES
Landfill surcharge $ 1,300,000 $ 1,300,000 $ 1,424,354 $ 124,354
Total Revenues 1,300,000 1,300,000 1,424,354 124,354
EXPENDITURES
Miscellaneous:
Solid waste 527,651 527,651 611,615 (83,964)
Code enforcement 64,972 64,972 44,846 20,126
Total Miscellaneous 592,623 592,623 656,461 (63,838)
Capital Outlay:
Code enforcement - - - -
Total Expenditures 592,623 592,623 656,461 (63,838)
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 - - 60,516 60,516
Fund Balances at Beginning of Year 1,266,360 1,266,360 1,266,360 -
Fund Balances at End of Year $ 1,266,360 $ 1,266,360 $ 1,326,876 $ 60,516
93
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, 2005
Budgeted
Original Final Actual Variance
REVENUES
Taxes:
General property taxes $ 13,522 $ 13,522 $ 13,041 $ (481)
Specific ownership taxes 1,200 1,200 1,500 300
Penalties & Interest - - 10 10
Total Revenues 14,722 14,722 14,551 (171)
EXPENDITURES
Miscellaneous 14,722 14,722 15,448 (726)
Total Expenditures 14,722 14,722 15,448 (726)
Net Change in Fund Balance - - (897) (897)
Fund Balances at Beginning of Year 1,139 1,139 1,139 -
Fund Balances at End of Year $ 1,139 $ 1,139 $ 242 $ (897)
94
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, 2005
Budgeted
Original Final Actual Variance
REVENUES
Intergovernmental:
Federal Grants $ - $ - $ 30,000 $ 30,000
State Grants 2,500,000 2,500,000 2,739,561 239,561
Total Intergovernmental 2,500,000 2,500,000 2,769,561 269,561
Miscellaneous:
Earnings on deposits - - 21,543 21,543
Miscellaneous 239,180 239,180 181,411 (57,769)
Total Miscellaneous 239,180 239,180 202,954 (36,226)
Total Revenues 2,739,180 2,739,180 2,972,515 233,335
EXPENDITURES
Rent assistance 2,500,000 2,500,000 2,544,052 (44,052)
Supplies 234,859 234,859 299,637 (64,778)
Depreciation 1,500 1,500 1,556 (56)
Total Expenditures 2,736,359 2,736,359 2,845,245 (108,886)
Net Change in Fund Balance 2,821 2,821 127,270 124,449
Fund Balances at Beginning of Year 1,755,692 1,755,692 1,755,692 -
Fund Balances at End of Year $ 1,758,513 $ 1,758,513 $ 1,882,962 $ 124,449
95
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, 2005
Budgeted
Original Final Actual Variance
REVENUES
Miscellaneous:
Earnings on deposits 45,000 45,000 55,596 10,596
Charge for service 1,290,526 1,290,526 1,296,215 5,689
Total Revenue 1,335,526 1,335,526 1,351,811 16,285
EXPENDITURES
Depreciation 170,000 170,000 100,390 69,610
Purchased services 588,000 588,000 561,032 26,968
Supplies 10,000 10,000 12,117 (2,117)
Grants and donations 250,000 250,000 249,999 1
Total Expenditures 1,018,000 1,018,000 923,538 94,462
Net Change in Fund Balance 317,526 317,526 428,273 110,747
Fund Balances at Beginning of Year 2,545,634 2,545,634 2,545,634 -
Fund Balances at End of Year $ 2,863,160 $ 2,863,160 $ 2,973,907 $ 110,747
96
Wilk
COLORADO
97
Financial Planning 02/01
The public report burden for this information collection is estimated to average 380 hours annually. Form#350-050-36
City or County:
Weld
LOCAL HIGHWAY FINANCE REPORT YEAR ENDING :
December 2005
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
I. 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 highway purposes
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:
1. Local highway-user taxes 1. Capital outlay(from page 2) 8,220,772
a. Motor Fuel (from e Item Item
I.B. 2. MaRoad and street services:
c. Total (a.+b.) a. Traffic control operations
2. General fund appropriations b. Snow and ice removal 641,423
3. Other local imposts(from page 2) 12,570,929 c. Other 229,626
4. Miscellaneous local receipts(from page 2) 3,525,079 d. Total (a.through c.) 871,049
5. Transfers from toll facilities 4. General administration&miscellaneous 2,789,035
6. Proceeds of sale of bonds and notes: 5. Highway law enforcement and safety
a. Bonds-Original Issues 6. Total (1 through 5) 24,096,986
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) 16,096,008 b. Redemption
B. Private Contributions c. Total a.+b. 0
C. Receipts from State government 2. Notes:
(from page 2) 9,431,961 a. Interest
D. Receipts from Federal Government b. Redemption
(from page 2) 333,126 c. Total (a.+b.) 0
E. Total rem its(A.7+B+C+D) 25,861,095 3. Total (1.c+2.c) 0
C. Payments to State for highways
D. Payments to toll facilities
E. Total disbursements(A.6+B.3+C+D) 24,096,986
IV. LOCAL HIGHWAY DEBT STATUS
(Show all entries at par)
Opening Debt Amount Issued Redemptions Closing Debt
A. Bonds(Total) 0
1. Bonds(Refunding Portion)
otes Tota
V. LOCAL ROAD AND STREET FUND BALANCE
A. Beginning Balance B.Total Receipts C.Total Disbursements D. Ending Balance E. Reconciliation
14,001,284 25,861,095 24,096,986 15,765,393 0
Notes and Comments:
FORM FHWA-536(Rev. 1-05) PREVIOUS EDITIONS OBSOLETE (Next Page)
98
STATE:
Colorado
LOCAL HIGHWAY FINANCE REPORT YEAR ENDING(mm/yy):
December 2005
II. RECEIPTS FOR ROAD AND STREET PURPOSES-DETAIL
ITEM AMOUNT ITEM AMOUNT
A.3. Other local imposts: A.4. M •II. . i I. :I .t .
a. Property Taxes and Assessments 5,944,438 a. Interest on investments 104,172
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 1,624,951
5. Specific Ownership&/or Other 6,626,491 g. Other Misc. Receipts 1,230,845
6. Total (l. through 5.) 6,626,491 h. Other 565,111
c. Total a.+b. 12,570,929 i. Total a.throu•h h. 3,525,079
(Ca forward to.a-e I) (Ca forward to .a a I)
ITEM AMOUNT ITEM AMOUNT
C. Receipts from State Government D. Receipts from Federal Government
1. Hi_hwa -user taxes 7,713,466 . ' r A rom tern .1. . IIIMII
2. State general funds 2. Other Federal agencies:
3. Other State funds: a. Forest Service 81,564
a. State bond proceeds b. FEMA
b. Project Match c. HUD
c. Motor Vehicle Registrations 338,340 d. Federal Transit Admin
d. Other (Specify)Grants 1,380,155 e. U.S. Corps of Engineers
e. Other(Specify) f Other Federal 251,562
f Total (a.through e.) 1,718,495 g. Total (a.through f.) 333,126
4. Total 1.+2.+3. 9,431,961 3. Total 1.+2._
(Carry forward to page I)
III. DISBURSEMENTS FOR ROAD AND STREET PURPOSES-DETAIL
ON NATIONAL OFF NATIONAL
HIGHWAY HIGHWAY TOTAL
SYSTEM SYSTEM
a b c
A.1. Capital outlay:
a. Right-Of-Way Costs 74,451 74,451
b. Engineering Costs 1,036,096 1,036,096
c. Construction:
(1).New Facilities 6,446,147 6,446,147
(2). Capacity Improvements 664,078 664,078
(3). System Preservation 0
(4). System Enhancement&Operation 0
(5). Total Construction (I)+(2)+(3)+(4) 0 7,110,225 7,110,225
d. Total Ca ital Outla Lines l.a.+ 1.6.+ I.c S 0 8,220,772 8,220 772
(Carry forward to page I)
Notes and Comments:
FORM FHWA-536(Rev.1-05) PREVIOUS EDITIONS OBSOLETE
99
COUNTY OF WELD
STATE OF COLORADO
Combining Statement of Net Assets
Internal Service Funds
December 31, 2005
Motor Vehicle Health
Fund Insurance Fund Insurance Fund
ASSETS
Current Assets:
Cash and cash equivalents $ 688,155 $ 3,237,936 $ 1,105,822
Receivables (net of allowances for uncollectables):
Current property taxes - - 996,113
Delinquent property taxes - - 861
Accounts 385,718 - -
Due from other county funds 180,056 4,845 4,780
Inventories 42,107 - -
Other assets 1,851 - 2,220
Total current assets 1,297,887 3,242,781 2,109,796
Fixed assets:
Improvements other than buildings 485,897 - -
Buildings 1,800,977 - -
Machinery and equipment 24,508,257 - -
Accumulated depreciation (15,485,425) - -
Total Fixed Assets 11,309,706 - -
Total assets $ 12,607,593 $ 3,242,781 $ 2,109,796
LIABILITIES AND NET ASSETS
Current Liabilities:
Accounts payable $ 824,056 $ 5,343 $ 128,138
Accrued liabilities - - 790,374
Due to other county funds 9,848 - -
Unearned revenue - - 1,000,861
Unexpended grant revenue - 574,764 -
Current portion of long-term debt - - -
Total Current Liabilities 833,904 580,107 1,919,373
Long-term liabilities:
Certificates of participation - - -
Total Long-term Liabilities - - -
Total Liabilities 833,904 580,107 1,919,373
Net Assets
Invested in capital assets, net of related debt 11,309,706 - -
Restricted for:
Workers' compensation - - 190,423
Unrestricted 463,983 2,662,674 -
Total net assets 11,773,689 2,662,674 190,423
100
Phone Services Weld Finance Total Internal
Fund Corporation Service Funds
$ 1,406,427 $ 852 $ 6,439,192
- -
996,113
-
861
2,612 - 388,330
19,754 - 209,435
42,107
-
4,071
1,428,793 852 8,080,109
-
485,897
7,175,000 8,975,977
1,175,725 - 25,683,982
(1,040,498) (1,933,264) (18,459,187)
135,227 5,241,736 16,686,669
$ 1,564,020 $ 5,242,588 $ 24,766,778
$ 1,839 $ - $ 959,376
12,680 - 803,054
- 9,848
- 1,000,861
- - 574,764
420,000 420,000
14,519 420,000 3,767,903
5,571,894 5,571,894
5,571,894 5,571,894
14,519 5,991,894 9,339,797
135,227 (750,158) 10,694,775
- - 190,423
1,414,274 852 4,541,783
1,549,501 (749,306) 15,426,981
101
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, 2005
Motor Vehicle Health
Fund Insurance Fund Insurance Fund
Operating revenues:
Contributions $ - $ 6,695,804 $ -
Charges for services 5,668,113 - 244,194
Total operating revenues 5,668,113 6,695,804 244,194
Operating expenses:
Personnel services - - -
Supplies 1,683,536 - 3,140
Purchased services 1,983,619 28,808 79,503
Insurance and bonds - - 467,161
Depreciation 2,093,967 - -
Other 78,704 - 348
Claims - 4,966,932 930,569
Total operating expenses 5,839,826 4,995,740 1,480,721
Operating income (loss) (171,713) 1,700,064 (1,236,527)
Nonoperating revenues (expenses):
Taxes - - 742,622
Miscellaneous 140,568 - -
Interest income - - 33,103
State Grant 150,000 - -
Gain (loss) on disposition of assets 127,999 - -
Judgements and damages - - 34,447
Interest expense - - -
Total nonoperating revenues (expenses) 418,567 - 810,172
Income (loss) before contributions and transfers 246,854 1,700,064 (426,355)
Capital contributions 17,850 - -
Changes in net assets 264,704 1,700,064 (426,355)
Total net assets - beginning 11,508,985 962,610 616,778
Total net assets - ending $ 11,773,689 $2,662,674 $ 190,423
102
Phone Services Weld Finance Total Internal
Fund Corporation Service Funds
$ - $ - $ 6,695,804
1,057,335 - 6,969,642
1,057,335 - 13,665,446
121,045 - 121,045
29,304 1,644 1,717,624
623,033 108 2,715,071
- - 467,161
64,198 239,167 2,397,332
65,068 - 144,120
- - 5,897,501
902,648 240,919 13,459,854
154,687 (240,919) 205,592
- - 742,622
- 740,411 880,979
- 1,192 34,295
- - 150,000
- - 127,999
- - 34,447
- (341,893) (341,893)
- 399,710 1,628,449
154,687 158,791 1,834,041
(6,144) - 11,706
148,543 158,791 1,845,747
1,400,958 (908,097) 13,581,234
$ 1,549,501 $ (749,306) $ 15,426,981
103
COUNTY OF WELD
STATE OF COLORADO
Combining Statement of Cash Flows
Internal Service Funds
For the fiscal year ended December 31,2005
Motor Vehicle Health Insurance Insurance
Fund Fund Fund
CASH FLOWS FROM OPERATING ACTIVITIES
Cash flows from external customers $ 493,336 $ - $ 35,912
Cash flows from intemal customers 5,180,478 6,740,683 389,698
Cash payments to external suppliers for goods and services (3,004,885) (4,823,430) (1,330,654)
Cash payments to internal suppliers for goods and services (94,290) (34) (109)
Cash payments to employees for services - (175,826) -
Miscellaneous revenues 2.750 -Net cash provided(used)by operating activities 2,577,389 1,741,393 (905,153)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Taxes - - 742,622
Judgements/damages/losses - - 34,447
Miscellaneous - -Net cash provided by noncapital financing activities - - 777.069
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Acquisition of capital assets (3,015,036) - -
Principal paid on long-term debt - - -
Interest paid - - -
Proceeds from sale of capital assets 122,775 - -
Grants 150.000 -Net cash provided(used)for capital and related
financing activities (2.742,261) - -
CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments - - 33,103
Net Increase(decrease)in Cash and Cash Equivalents (164,872) 1,741,393 (94,981)
Cash and Cash Equivalents at Beginning of Year 853,027 1.496,543 1.200.803
Cash and Cash Equivalents at End of Year $ 688 155 $ 3 237 936 $ 1 105 822
Reconciliation of operating income to net cash
provided(used)by operating activities:
Operating income $ (171,713) $ 1,700,064 $ (1,236,527)
Adjustments to reconcile operating income to
net cash provided(used)by operating activities:
Depreciation expense 2,093,967
Miscellaneous revenue 2,750
Change in assets and liabilities
Increase)decrease in accounts receivable (4,020) 7.461 (230,425)
Increase)decrease in due from other funds 180,168 (2,034) 31,807
Increase)decrease in inventories (12,780)
Increase)decrease in other assets (88) 60,463
ncrease(decrease)in accounts payable 500,404 93 123,252
ncrease(decrease)in accrued liabilities 115,874
ncrease(decrease)in other liabilities (11,298) (1,000)
ncrease(decrease)in deferred revenue - 35,809 231.403
Total adjustments 2,749.103 41.329 331.374
Net cash provided by operating activities $ 2 577 390 $ 1 741 343 $ (905 1531
Noncash investing,capital,and financing activities:
Contributions of capital assets from(to)government $ 17,850
Capital asset trade-ins $ 63,777
104
Phone Service Weld Finance Total Internal
Fund Corp Service Funds
$ 128,826 $ - $ 658,074
954,538 13,265,397
(626,966) (1,752) (9,787,687)
(126,807) - (221,240)
(116,476) - (292,302)
2,750
213,115 (1,752) 3.624.992
742,622
34,447
400.000 400,000
400,000 1,177,069
(73,574) (3,088,610)
(398,355) (398,355)
(341,893) (341,893)
122,775
150,000
(73,574) (740,248) (3.556.083)
341,603 374,706
139,541 (397) 1,620,684
1,266,885 1,249 4,818,507
$ 1 406 475 $ 852 S 6 439 191
$ 154,687 $ (240,919) $ 205,592
64,198 239,167 2,397,332
2,750
8,783 (218,201)
153 210,094
(12,780)
60,375
(15,013) 608,736
318 116,192
(11) (12,309)
267,212
58,428 239.167 3,419,401
$ 213 115 $ (1 752) $ 3 624 993
$ (6,144) 11,706
63,777
105
COUNTY OF WELD
STATE OF COLORADO
Combining Statement of Changes in Assets and Liabilities
Fiduciary Funds
For the fiscal year ended December 31, 2005
Balance Balance
1/1/2005 Additions Deductions 12/31/2005
GENERAL AGENCY FUND
Assets:
Cash and short-term investments $ 3,649,265 $ 4,980,581 $ 3,565,183 $ 5,064,663
Total Assets $ 3,649,265 $ 4,980,581 $ 3,565,183 $ 5,064,663
Liabilities:
Accounts payable $ - $ 236,896 $ 50,570 $ 186,326
Due to other governments 3,649,265 4,878,337 3,649,265 4,878,337
Total Liabilities $ 3,649,265 $ 5,115,233 $ 3,699,835 $ 5,064,663
PAYROLL AGENCY FUND
Assets:
Cash and short-term investments $ 79,044 $ 15,498,774 $ 15,494,955 $ 82,863
Accounts receivable 188 632 776 44
Total Assets $ 79,232 $ 15,499,406 $ 15,495,731 $ 82,907
Liabilities:
Accounts payable $ 79,232 $ 16,685,880 $ 16,682,205 82,907
Total Liabilities $ 79,232 $ 16,685,880 $ 16,682,205 $ 82,907
EMPLOYEE FLEXIBLE SPENDING
Assets:
Cash and short-term investments $ 11,817 $ 459,607 $ 451,333 $ 20,091
Accounts receivable - - - -
Total Assets $ 11,817 $ 459,607 $ 451,333 $ 20,091
Liabilities:
Accounts payable $ 11,817 $ 21,086 $ 12,812 20,091
Total Liabilities $ 11,817 $ 21,086 $ 12,812 $ 20,091
TOTAL -ALL AGENCY FUNDS
Assets:
Cash and short-term investments $ 3,740,126 $ 20,938,962 $ 19,511,471 $ 5,167,617
Accounts receivable 188 632 776 44
Total Assets $ 3,740,314 $ 20,939,594 $ 19,512,247 $ 5,167,661
Liabilities:
Accounts payable $ 91,049 $ 16,943,862 $ 16,745,587 $ 289,324
Due to other governments 3,649,265 4,878,337 $ 3,649,265 4,878,337
Total Liabilities $ 3,740,314 $ 21,822,199 $ 20,394,852 $ 5,167,661
106
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, 2005
Budgeted
Original Final Actual Variance
Operating Revenues:
Rescue unit fees $ 8,865,667 $ 8,865,667 $ 7,728,736 $ (1,136,931)
Total Operating Revenues 8,865,667 8,865,667 7,728,736 (1,136,931)
Operating Expenses:
Bad debt expense 4,729,511 4,729,511 2,137,859 2,591,652
Personnel services 3,085,635 3,085,635 3,135,542 (49,907)
Supplies 238,648 238,648 234,819 3,829
Purchased services 391,849 391,849 674,134 (282,285)
Depreciation 193,524 193,524 182,419 11,105
Other 77,500 77,500 77,897 (397)
Total Operating Expenses 8,716,667 8,716,667 6,442,670 2,273,997
Operating Income (Loss) 149,000 149,000 1,286,066 1,137,066
Nonoperating Revenues:
State grants - - 85,576 85,576
Fees - - 11,127 11,127
Donations - - 2,100 2,100
Other - - 2,175 2,175
Gain (loss) on disposition of assets - - (3,770) (3,770)
Total Nonoperating Revenues - - 97,208 97,208
Income(loss) before contributions and transfers 149,000 149,000 1,383,274 1,234,274
Capital contributions - - (5,325) (5,325)
Net Income (Loss) 149,000 149,000 1,377,949 1,228,949
Net Assets at Beginning of Year 747,941 747,941 747,941 -
Net Assets at end of Year $ 896,941 $ 896,941 $ 2,125,890 $ 1,228,949
107
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, 2005
Budgeted
Original Final Actual Variance
Operating Revenues:
Charges for services $ 3,326,333 $ 3,646,333 $ 3,574,036 $ (72,297)
Miscellaneous 2,060,773 2,060,773 2,094,077 33,304
Total Operating Revenues 5,387,106 5,707,106 5,668,113 (38,993)
Operating Expenses:
Supplies 1,377,308 1,577,308 1,683,536 (106,228)
Purchased services 1,795,721 1,995,721 1,983,619 12,102
Depreciation 2,060,773 2,060,773 2,093,967 (33,194)
Other 78,704 78,704 78,704 -
Total Operating Expenses 5,312,506 5,712,506 5,839,826 (127,320)
Operating income (loss) 74,600 (5,400) (171,713) (166,313)
Nonoperating Revenues (Expenses):
Miscellaneous - - 140,568 140,568
State Grant 150,500 1,650,500 150,000 (1,500,500)
Gain (loss)on disposition of assets 251,800 251,800 127,999 (123,801)
Total Nonoperating Revenues(Expenses) 402,300 1,902,300 418,567 (1,483,733)
Income(Loss) before contributions and transfers 476,900 1,896,900 246,854 (1,650,046)
Capital contributions - - 17,850 17,850
Net Income (Loss) 476,900 1,896,900 264,704 (1,632,196)
Net Assets at Beginning of Year 11,508,985 11,508,985 11,508,985 Net Assets at End of Year $ 11,985,885 $ 13,405,885 $ 11,773,689 $ (1,632,196)
108
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, 2005
Budgeted
Original Final Actual Variance
Operating Revenues:
Contributions $ 8,279,724 $ 8,279,724 $ 6,695,804 $ (1,583,920)
Operating Expenses:
Purchased services 5,000 5,000 28,808 (23,808)
Insurance and bonds 926,604 926,604 - 926,604
Claims 7,348,120 7,348,120 4,966,932 2,381,188
Total Operating Expenses 8,279,724 8,279,724 4,995,740 3,283,984
Operating Income (Loss) - - 1,700,064 1,700,064
Net Assets at Beginning of Year 962,610 962,610 962,610 -
Net Assets at End of Year $ 962,610 $ 962,610 $ 2,662,674 $ 1,700,064
109
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, 2005
Budgeted
Original Final Actual Variance
Operating Revenues:
Charges for services $ 240,000 $ 240,000 $ 244,194 $ 4,194
Operating Expenses:
Supplies 700 700 3,140 (2,440)
Purchased services 27,600 27,600 79,503 (51,903)
Insurance and bonds 309,000 309,000 467,161 (158,161)
Other 500 500 348 152
Claims 960,000 960,000 930,569 29,431
Total Operating Expenses 1,297,800 1,297,800 1,480,721 (182,921)
Operating Income (Loss) (1,057,800) (1,057,800) (1,236,527) (178,727)
Nonoperating Revenues (Expenses):
Taxes 750,000 750,000 742,911 (7,089)
Penalties & interest - - (289) (289)
Interest income 50,000 50,000 33,103 (16,897)
Judgments and damages 100,000 100,000 34,447 (65,553)
Total Nonoperating Revenues (Expenses) 900,000 900,000 810,172 (89,828)
Net Income (Loss) (157,800) (157,800) (426,355) (268,555)
Net Assets at Beginning of Year 616,778 616,778 616,778 -
Net Assets at End of Year $ 458,978 $ 458,978 $ 190,423 $ (268,555)
110
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, 2005
Budgeted
Original Final Actual Variance
Operating Revenues:
Charges for services $ 860,000 $ 1,060,000 $ 1,057,335 $ (2,665)
Operating Expenses:
Personnel services 117,883 117,883 121,045 (3,162)
Supplies 12,000 32,000 29,304 2,696
Purchased services 620,549 720,549 623,033 97,516
Depreciation 44,500 44,500 64,198 (19,698)
Other 65,068 65,068 65,068 -
Total Operating Expenses 860,000 980,000 902,648 77,352
Operating Income (Loss) - 80,000 154,687 74,687
Capital contributions and transfers
Capital contributions - - (6,144) (6,144)
Net Income (Loss) - 80,000 148,543 68,543
Net Assets at Beginning of Year 1,400,958 1,400,958 1,400,958 Net Assets at End of Year $ 1,400,958 $ 1,480,958 $ 1,549,501 $ 68,543
111
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, 2005
Budgeted
Original Final Actual Variance
Operating Revenues:
Operating Expenses:
Supplies - - 1,644 (1,644)
Purchased services - - 108 (108)
Depreciation 400,000 400,000 239,167 160,833
Total Operating Expenses 400,000 400,000 240,919 159,081
Operating Income (Loss) (400,000) (400,000) (240,919) 159,081
Nonoperating Revenues (Expenses):
Miscellaneous 741,893 741,893 740,411 (1,482)
Interest income - - 1,192 1,192
Interest expense (341,893) (341,893) (341,893) -
Total Nonoperating Revenues(Expenses) 400,000 400,000 399,710 (290)
Net Income (Loss) - - 158,791 158,791
Net Assets at Beginning of Year (908,097) (908,097) (908,097) -
Net Assets at End of Year $ (908,097) $ (908,097) $ (749,306) $ 158,791
112
STATISTICAL
x= z
V3�
I Li
SECTION
' CfiGITI
Wilk
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 114
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 119
These schedules contain information to help the reader assess the
government's most significant local revenue source, the property tax.
Debt Capacity 123
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 126
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 128
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.
113
COUNTY OF WELD
STATE OF COLORADO
Net Assets by Component
Last Four Years
(accrual basis of accounting)
Fiscal Year
2002 2003 2004 2005
Governmental activities
Invested in capital assets, net of related debt $ 253,141,316 $ 247,764,877 $ 238,640,911 $ 231,271,356
Restricted for
Programs 3,307,949 3,169,309 4,199,374 4,695,690
Emergencies 3,025,505 3,025,505 3,500,000 4,000,000
Claims 1,663,948 1,748,948 1,748,949 1,748,950
Unrestricted 27,713273 26,511,213 30.759,296 39,782,093
Total governmental activities net assets $ 288 851 991 $ 282.219$52 $ 278348 530 $ 281 498 089
Business-type activities
Invested in capital assets, net of related debt $ 941,049 $ 834,285 $ 864,425 $ 809,643
Unrestricted (86,0861 (266,7361 (4,7611 1,508,322
Total business-type activities net assets $544.963 $ 567 549 $ 859 664 $ 2.317 96Th
Primary government
Invested in capital assets, net of related debt $ 254,082,365 $ 248,599,162 $ 239,505,336 $ 232,080,999
Restricted 7,997,402 7,943,762 9,448,323 10,444,640
Unrestricted 27,627,187 26,244,477 30,754,535 41,290,415
Total primary government net assets L2-6.9 706 954 $ 282 787 401 $ 279 708 194 $.. .83218,..054
Note: The County implemented GASB Statement No. 34 in fiscal year 2002,therefore,only four years of
government-wide financial data is presented.
114
COUNTY OF WELD
STATE OF COLORADO
Changes in Net Assets
Last Four Years
(accrual basis of accounting)
Fiscal Year
2002 2003 2004 2005
Expenses
Governmental activities:
General government $ 19,978,184 $ 23,618,753 $ 21,174,906 $ 23,047,725
Public safety 24,079,553 27,827,685 28,425,957 30,449,441
Streets and highways 34,283,421 33,353,129 32,688,807 36,919,372
Health and welfare 21,721,740 21,404,255 23,538,421 24,843,147
Culture and recreation 1,036,099 776,322 1,005,697 771,295
Economic assistance 11,079,949 11,411,322 12,646,785 13,736,745
Interest on long-term debt 406,155 377,233 358,054 340,411
Total governmental activities expenses 112,585,101 118,768,699 119.838,627 130,108,136
Business-type activities:
Paramedic service 6,743.936 8,800,646 9,738,148 6,366,088
Total primary government expenses $ 119 329.037 $ 127 569 345 $ 129 576 775 $ 136 474 224
Program Revenues
Governmental activities:
Charges for services:
General government $ 9,425,679 $ 8,677,015 $ 8,086,983 $ 9,792,423
Public Safety 3,894,565 5,085,767 7,609,527 5,430,422
Streets and highways 2,021,319 2,279,939 1,157,634 3,433,713
Health and welfare 13,664,895 11,486,561 12,699,858 13,664,206
Culture and recreation 266,900 1,375 309,948 333,293
Economic assistance 922,549 1,576,106 862,223 1,156,012
Operating grants and contributions 26,156,456 25,963,243 27,124,685 27,885,047
Capital grants and contributions - - - -
Total governmental activities program revenues 56,352,363 55,070,006 57,850,858 61,695,116
Business-type activities:
Paramedic service 6,815,683 8,518,289 10,035,874 7,829.714
Total primary government revenues 63,168,046 63,588,295 67,886,732 69.524,830
Net(Expenses)/Revenue
Governmental activities (56,232,738) (63,698,693) (61,987,769) (68,413,020)
Business-type activities 71,747 (282,357) 297,726 1,458,301
Total primary government net $ (56 160 991) $ (63.981.050) $ (61 690 041j $ (66.954 719)
(CONTINUED)
115
COUNTY OF WELD
STATE OF COLORADO
Changes in Net Assets
Last Four Years
(accrual basis of accounting)
Fiscal Year
2002 2003 2004 2005
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
Specific Ownership 5,467,148 5,540,872 6,795,897 6,627,991
Other 2,376,581 2,492,418 3,333,336 3,733,025
Grants and contributions not restricted to specific programs - - - -
Unrestrictedinvestmentearnings 2,052,594 1,563,120 1,644,979 2,679,442
Donated capital assets 0 0 0 355,784
Gain on sale of capital assets 10,030 (94,544) (2,358,185) -
Total governmental activities 55,139,899 57.034.468 60,201,946 69,778,775
Business-type activities:
Paramedic service - (5,057) (5,611) -
Total primary government $ 55 119 899 $ 57 029 411, $ 60 196 335 $ 69 778 77$
Change In Net Assets
Governmental activities $ (1,092,839) $ (6,664,225) $ (1,785,823) $ 1,365,755
Business-type activities 71,747 (287.414) 292,115 1,458,301
Total primary government $ (1 021.092) R (6 951 639) $ (1 493.708) $ 2 824 0561
116
COUNTY OF WELD
STATE OF COLORADO
Fund Balances of Governmental Funds
Last Four Years
(modified accrual basis of accounting)
Fiscal Year
2002 2003 2004 2005
General Fund
Reserved $ 3,249297 $ 1,342,369 $ 1,516,298 $ 1,486,188
Unreserved 2,921,157 3,727,307 6,699,941 7,648,920
Total general fund $ S,]70 454 $ 5 069 676 $ $215.239 $ 9 135 105
All other Governmental Funds
Reserved $ 6,984,908 $ 2,666,118 $ 4,139,435 $ 8,834,511
Unreserved, reported in:
Special revenue funds 19,512,384 22,023,076 25,360,820 26,155,751
Capital projects funds 294,482 2,830,614 697,779 3,511,495
Debt service funds - - - -
Total for all governmental funds $ 32 962 22E} $ 32,5$_9 4$4 $ 38 414.271 $ 47 636.865
117
COUNTY OF WELD
STATE OF COLORADO
Changes in Fund Balances,Governmental Funds
Last Four Years
(modified accrual basis of accounting)
Fiscal Year
2002 2003 2004 2005
Revenues
Taxes $ 50,771,861 $ 53,080,974 $ 57,698,294 $ 63,261,095
Licenses and permits 2,205,420 1,760,546 1,834,849 2,119,419
Intergovernmental 40,511,590 38,299,161 40,652,682 41,110,202
Fines and forfeitures 159,246 75,488 69,538 204,530
Charges for Services 5,746,678 6,887,469 7,345,819 8,618,819
Miscellaneous 5,536,066 4,739,386 5,329,931 7,582,510
Fees 6,638,831 7,387,204 7,454,831 8,175,907
Total Revenues 111,569,692 112,230,228 120.385.944 131,072,482
Expenditures
Current:
General government 19,100,208 21,910,296 20,566,315 22,384,671
Public Safety 23,435,572 27,212,371 27,475,345 29,834,629
Public Works 23,465,325 21,407,821 22,734,695 25,490,667
Public health and welfare 21,327,335 20,896,282 23,046,109 24,284,817
Culture and recreation 1,046,374 764,449 1,007,208 775,903
Economic assistance 10,892,932 11,365,585 12,450,198 13,572,861
Capital outlay 9,590,948 8,668,934 6,923,230 5,165,931
Debt service
Interest 406,155 377,233 358,054 340,411
Principal - - - -
Total Expenditures 109,264,849 112,602,971 114.561,154 121,849,890
Excess of revenues over(under)expenditures 2,304,843 (372.743) 5,824,790 9,222,592
Other Financing Sources(Uses)
Transfers-in 5,144,682 2,482,745 4,299,153 7,436,144
Transfers-out 5,144.682 2,482,745 4,299,153 7,436.144
Total Other Financing Sources(Uses) - - - -
Net changes in Fund Balance $ 2 304 843 $ (372 743) $ 5.824.79Q $ 9 222592
Debt Service as a percentage of noncapital expenditures 0.41% 0.36% 0.33% 0.29%
118
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119
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 County Greeley District 6 College Library
1996 22.040 11.274 45.455 6.320 1.500
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
The basis for the property tax rates is per$1,000 assessed valuation.
Source: Office of the Weld County Assessor.
120
COUNTY OF WELD
STATE OF COLORADO
Principal Property Taxpayers
2005 1996
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 $ 440,188,500 1 12.18%
Patina Oil&Gas Corporation 398,688,580 2 11.03%
Encana Oil&Gas(USA)Inc 128,268,320 3 3.55%
Public Service Company of Colorado(Xcel) 102,537,900 4 2.84% $ 44,782,500 2 3.37%
Rocky Mountain Enery Center 97,893,000 5 2.71%
Petroleum Development Corp 58,548,890 6 1.62%
Petro-Canada Resources(USA)Inc 53,642,060 7 1.48%
Merit Energy 52,813,030 8 1.46%
Eastman Kodak Company 35,866,990 9 0.99% 68,984,090 1 5.19%
Duke Energy Field Services Inc 34,357,980 10 0.95%
Thermo Cogeneration Partnership 33,657,400 3 2.53%
US West Communications Incorporated 16,860,800 4 1.27%
R R Donnelley Norwest Incorporated 6,633,410 5 0.50%
McLane Western Incorporated 5,126,390 6 0.39%
Macerich Greeley Association 5,107,340 7 0.38%
Metal Containers Corporation 4,968,460 8 0.37%
Golden Aluminum Company 4,957,290 9 0.37%
Monfort Packing/Conagra 4,938,990 10 0.37%
$ 1,402,805,250 38.81% $ 196,016,670 14.74%
121
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 Collect for the Tax Percent in Subsequent Tax Percent
Year Year Fiscal Year(1) Amount(2) of Levy Years 3 Amount(3) of Levy
1995 1996 29,618,111 29,460,936 99.469% 19 29,460,955 99.469%
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% 53,690 38,329,437 98.851%
2001 2002 45,619,589 45,566,346 99.883% 53,084 45,619,430 100.000%
2002 2003 48,640,425 48,410,396 99.527% 102,832 48,513,228 99.738%
2003 2004 53,350,030 53,094,454 99.521% (92,794) 53,001,660 99.347%
2004 2005 59,680,948 59,395,927 99.522% - 59,395,927 99.522%
Source:
1)Final Budget
2)YTD Treasurer's Tax Distribution
3)YTD Treasurer's Tax Distribution 2001 forward.
122
COUNTY OF WELD
STATE OF COLORADO
Direct and Overlapping Governmental Activities Debt
December 31,2005
Net General
Obligation Percentage Amount
Bonded Debt Applicable to Applicable to
Jurisdiction Outstanding Government(11 Government
Cities&Towns $ 65,409,427 77.96% $ 50,993,985
Schools 776,469,193 53.40% 414,631,280
Special Districts 71,377,553 72.91% 52,042,016
Total Overlapping $ 913256173 $ 57281
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.
123
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124
COUNTY OF WELD
STATE OF COLORADO
Private Purpose Revenue Bonds
December 31,2005
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 $430,000 $0 $55,000 $375,000
Waste Service Corporation Landfill 2,500,000 2/91 1,380,000 0 145,000 1,235,000
RVNA Home Care Service, Inc Office 501,000 7/97 402,660 0 18,635 384,025
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 5/99 326,939 0 13,741 313,198
GSSLB Association Nursing Home
Nursing Home 2,020,000 10/98 1,635,000 0 105,000 1,530,000
Greeley Center for Therapeutic 1,650,000 9/03 1,582,295 0 56,841 1,525,454
Independence,Inc Center
BSC Hudson Manufacturing 5,715,000 10/05 0 5.715.000 0 5.715.000
TOTAL PRIVATE PURPOSE REVENUE BONDS $7 101 894 $5.715 0012 $394 217 $12 422 677
125
COUNTY OF WELD
STATE OF COLORADO
Demographic and Economic Statistics
Last Ten Years
Total
Personal Income Per Unemployment
Year Population ($ billion) Capita Income Rate
1996 149,332 2.93 19,328 4.30%
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%
Source: Greeley/Weld Economic Development Office(EDAP)
126
COUNTY OF WELD
STATE OF COLORADO
Principal Employers
Current Year and Ten Years Ago
2005 1996
Percent Percent
Of Total County Of Total County
Employees Rank Employment Employees Rank Employment
Swift&Company 2960 1 2.74% 4331 1 5.39%
Northern Colorado Medical Center 2200 2 2.04% 1357 5 1.69%
School District 6 2037 3 1.89% 1675 4 2.09%
State of Colorado(includes UNC) 1988 4 1.84% 1957 3 2.44%
Eastman Kodak Company 1600 5 1.48% 2443 2 3.04%
State Farm Insurance Companies 1513 6 1.40% 764 10 0.95%
Aims Community College 1463 7 1.35% 1167 7 1.45%
Weld County Government 1388 8 1.29% 1000 8 1.25%
Startek USA 987 9 0.91%
City of Greeley 974 10 0.90% 844 9 1.05%
Hewlett Packard 1220 6 1.52%
University of Northern Colorado
Total Principal Employers 17,110 15.85% 16,758 20.87%
Other Employers 90,870 84.15% 63,542 79.13%
Total County Employment 107,980 100.00% 80,300 100.00%
Source: Greeley/Weld Economic Development Office (EDAP)
127
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128
COUNTY OF WELD
STATE OF COLORADO
Operating Indicators by Function/Program
Last Six Years
Fiscal Year
2000 2001 2002 2003 2004 2005
Function/Program
General government:
Motor vehicle registration 478,727 294,019 305,879 433,188 439,146 462,877
Registered voters(1) 80,041 79,289 85,161 76,245 98,692 99,711
Number of votes cast(2) 65,317 22,422 56,730 32,476 89,099 46,327
Percent of registered voters voting 81.6% 28.3% 66.6% 42.6% 90.3% 46.5%
Public safety:
Adult arrests 1,457 1,520 1,435 2,738 1,387 1,543
Juvenile arrests 250 220 337 491 218 206
Average secure jail population 303 298 330 371 402 455
E911 calls 55,807 52,000 84,420 72,396 75,276 79,425
Building Permits 2,190 2,180 2,082 1,941 2,012 2,082
Valuation(thousands) $143,856 $148,426 $125,336 $201,442 $132,178 104,225
Public works:
Miles of road graveled 427 440 440 440 401 401
Snow removal lane miles 1370 1390 1390 1,406 33,710 33,710
Grading lane miles 123,718 131,171 131,171 126,000 175,910 175,910
Miles of Upgrade-Aggregate Surfaced Roads 26 5 5 8 10 10
Culverts(new and repaired)15"and larger 204 240 240 240 217 217
Tons of asphalt laid 102,221 80,055 80,055 101,243 95,634 95,634
Tons of gravel crushed 490,000 500,000 500,000 510,000 487,477 487,477
Health and welfare:
Social Services Caseload 9,900 9,900 9,900 9,900 12,000 14,000
Patient contacts 17,271 16,207 16,207 14,601 15,000 11,000
Immunizations 15,979 17,730 5,848 4,600 7,500 6,900
Culture and recreation:
Visitors-Missile Park 700 700 695 558 575 575
County Fair Exhibitors -- 5,000 2,370 2,410 2,410 2,220
Economic assistance:
Headstart clients 524 537 577 641 622 562
Migrant Headstart clients 250 99 200 146 175 266
Business-type activities:
Paramedic Services
Patients transported 6,973 6,687 7,027 7,060 7,331 7.284
Source:
(1)Beginning in 1999 the number of registered voters reflects active voters.
(2)Even years represent general elections,odd years coordinated elections.
129
COUNTY OF WELD
STATE OF COLORADO
Capital Asset Statistics by Function/Program
Last Six Years
Fiscal Year
2000 2001 2002 2003 2004 2005
Function/Program
General government:
Building Square Footage 585,045 604,100 620,310 684,551 684,551
Courtrooms 9 9 9 9 10 12
Information Systems Connections 959 997 1,240 1,292
Public safety:
Jail capacity(beds) 454 454 454 454 386 386
Patrol cars 35 36 44 43 42 46
Radios and cell phones 828 857 947 939 1,140
Public works:
Miles of Roads
Paved 665 665 670 679 671 681
Unpaved 2,490 2,484 2,457 2,438 2,425 2,394
Un-maintained 255 254 253 250 252 512
Grader sheds 18 18 18 18 18 18
Motor graders 27 27 30 29 30 30
Health and welfare:
Alternative fuel vehicles 4 4 4 5 6 4
Economic assistance:
Headstart sites 12 12 12 11 11 11
Business-type activities:
Paramedic Services
Ambulances 11 11 10 10 10 10
130
COUNTY OF WELD
STATE OF COLORADO
Insurance in Force
December 31,2005
Policy Policy Period Annual
Name of Company Number Begins Expires Details of Coverage Liability Limits Premium
Midwest Employers ECW005661 01/01/05 12/31/05 Excess Worker's Employer's Liability
Casualty Company Compensation $1,000,000/Accident.
Worker's Compensation
Statutory Limits with
County retaining first
$300,000 each claim. $53,793
Lexington 413367 01/01/05 12/31/05 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 GPO06301696 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 $248,283
$125,000 each claim
131
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COUNTY OF WELD
STATE OF COLORADO
Notes to Schedule of Expenditures of Federal Awards
For the Fiscal Year Ended December 31, 2005
Note 1 - Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the County of Weld,Colorado and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of OMB
Circular A-133, Audits of State, 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 basic financial statements.
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, 2005, the County had food
commodities totaling $277,132 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.
138
BONDI & Co. LLC
44 INVERNESS DRIVE EAST (303)799-6826 PHONE
ENGLEWOOD,COLORADO 80112 CERTIFIED PUBLIC ACCOUNTANTS (800)250-9083 TOLL-FREE
MANAGEMENT CONSULTANTS
www.bondico.com (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 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, 2005, and have issued our report thereon dated May 5, 2006. 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 in order to determine our auditing procedures for the
purpose of expressing our opinion on the basic financial statements and not to provide an
opinion on the internal control over financial reporting. Our consideration of the internal
control over financial reporting would not necessarily disclose all matters in the internal
control that might be material weaknesses. A material weakness is a reportable condition
in which the design or operation of one or more of the internal control components does
not reduce to a relatively low level the risk that misstatements caused by error or fraud in
amounts that would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal course of
performing their assigned functions. We noted no matters involving the internal control
over financial reporting and its operation that we consider to be material weaknesses.
However, we noted other matters involving the internal control over financial reporting
that we have reported to management of Weld County in a separate letter date May 5,
2006.
Affiliate Offices Worldwide
139
Board of County Commissioners
Weld County
Greeley, Colorado
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.
This report is intended solely for the information and use of management, 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.
f """ " teno. II
May 5, 2006 BONDI& Co. uc
140
BONDI & Co. LLC
44 INVERNESS DRIVE EAST (303)799-6826 PHONE
ENGLEWOOD,COLORADO 80112 CERTIFIED PUBLIC ACCOUNTANTS (800)250-9083 TOLL-FREE
MANAGEMENT CONSULTANTS
www.bondico.com (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, 2005. Weld County, Colorado's, major federal programs
are identified in the summary of auditor's 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's management. Our responsibility is to express an opinion on Weld
County'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 on Weld County, Colorado's, compliance with those
requirements.
Affiliate Offices Worldwide
141
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, 2005.
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 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 and to test and report on internal control over
compliance in accordance with OMB Circular A-133.
Our consideration of the internal control over compliance would not necessarily disclose
all matters in the internal control that might be material weaknesses. A material
weakness is a reportable condition in which the design or operation of one or more of the
internal control components does not reduce to a relatively low level the risk that
noncompliance with applicable requirements of laws, regulations, contracts and grants
caused by error or fraud that would be material in relation to a major federal program
being audited may occur and not be detected within a timely period by employees in the
normal course of performing their assigned functions. We noted no matters involving the
internal control over compliance and its operation that we consider to be material
weaknesses.
This report is intended solely for the information and use of management, 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.
/ fno. ac.
May 5, 2006 BONDI& Co. ac
142
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
For the Year Ended December 31, 2005
Section I - Summary of Auditor's Results
Financial Statements
Type of auditor's report issued: Unqualified
Internal control over financial reporting:
Material weakness(es) identified? yes v no
Reportable condition(s) identified not
considered to be material weaknesses? yes v no
Noncompliance material to financial
statements noted? yes v no
Federal Awards
Internal control over major programs:
Material weakness(es) identified? yes v no
Reportable condition(s) identified not
considered to be material weaknesses? v yes no
Type of auditor's 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)? 11 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
93.778 Medicaid Title XIX
93.600 Headstart
93.667 Social Services Block Grant
Dollar threshold used to distinguish between
Type A and Type B programs: $1,306,975
Auditee qualified as low-risk auditee? yes v no
143
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
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.
Section III - Federal Award Findings and Questioned Costs
05-01— Missing Supporting Documents for Verification
CFDA No. 10.551 Food Stamp Program
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 sixty 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.
144
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section III — Federal Award Findings and Questioned Costs (Continued)
Questioned Costs:
Cannot be determined
Views of responsible officials and planned corrective action:
See response at end of Food Stamp findings.
05-02- Food Stamp Claim against Household
CFDA No. 10.551 Food Stamp Program
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 sixty 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.
145
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section III - Federal Award Findings and Questioned Costs (Continued)
Questioned Costs:
$ 648
Views of responsible officials and planned corrective action:
See response at the end of the Food Stamp findings.
05-03- Sanctions on ABAWD Cases Only
CFDA No. 10.551 Food Stamp Program
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 of
program participants.
Questioned Costs:
Cannot be determined
146
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Views of responsible officials and planned corrective action:
See response at the end of the Food Stamp findings.
05-04- Manual Sanction Process
CFDA No. 10.551 Food Stamp Program
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
Views of responsible officials and planned corrective action:
Since the rollout of the statewide system Colorado Benefits Management System (CBMS)
on September 1, 2004, County Department of Social Services have experienced numerous
problems that include, but not limited to the following; interfacing, batch, incorrect
decision table results, cumbersome training materials and delays in processing client
147
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
business. To help solve these problems and delays, Weld County Department of Social
Services has retained temporary staff since the beginning of CBMS, incurred overtime
with full-time staff, requested additional and attended the training from the state,
requested additional resources from the state, participated in statewide committees, sent
cases to the state to be processed for payment and submitted numerous help desk tickets
to the state to help alleviate these problems and delays in processing client business.
As time goes on, CBMS problems are minimizing. There are still many problems with
the system. However, staff is becoming more familiar with the system and training &
resources are improving. We will improve our focus on the basics of eligibility which
includes, but not limited to; having all supporting documentation in the case file, better
case file organization, and better ways of doing business and/or changing our business
processes to better fit CBMS.
Weld County Department of Social Service is working hard to get back into compliance
with OMB Circular A-133. Based on the Department's previous history, we take the audit
findings very seriously and strive for zero tolerance in audit findings.
As mentioned above, Weld County is not the only county in this situation. Deloitte
Consulting released a report for the State of Colorado titled, "CBMS Post-
Implementation Review, Detailed Assessments Findings and Recommendations," in May
of 2005. This report detailed issues and recommendations for fixes to the system. It is
our expectation that continued resolution of these issues through the implementation of
Deloitte's recommendations will result in the reduction of our audit findings.
148
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section III - Federal Award Findings and Questioned Costs (Continued)
05-05 Head Start Program
CFDA No. 93.600 Head Start
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.
Views of responsible officials and planned corrective action:
The Head Start Program accepts children who are age and income eligible under the
Federal standard. When a child has applied to the program there is a check list that is
149
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
followed to make sure that the child is income eligible and income for the household is
verified. The check list has been expanded to have specific check boxes and signature
lines to indicate the appropriate information has been review and meets Federal
standards.
This process follows the federal requirement and FENWC Policies and Procedures for
enrolling children in the Head Start Program. File documentation will be reviewed to
ensure consistency and completeness in the future.
Section IV - Prior Year Findings
04-01 TIMELY PROCESSING OF FOOD STAMP APPLICATIONS
CFDA No. 10.551 Food Stamp Program
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Agriculture
Criteria
Per Colorado Department of Human Services (CDHS) Rules Volume 4, the determination
and issuance of food stamp benefits to eligible households shall be made within 30
calendar days following the date the application was received.
Condition
As of December 31, 2004, the Food Stamp Program had 403 applications out of
compliance for timely processing. This represents approximately 98% of the cases that
were pending as of the end of the year. Our testing indicates that this was an issue
starting in September of 2004 through year end.
Effect
With the implementation of the CBMS (Colorado Benefits Management System), eligible
beneficiaries of the Food Stamp program have had their applications delayed beyond the
required processing time.
Recommendation:
Weld County Social Services has been utilizing a central data processing center as well as
150
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
hiring additional temporary staff to assist with the backlog of cases. We recommend the
backlog continue to be reduced to allow applications to be processed as they are received.
Questioned Costs:
Cannot be determined.
Auditor Response: This item still exists.
151
.... ........ .
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
04-02 FOOD STAMP RE-DETERMINATIONS
CFDA No. 10.551 Food Stamp Program
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Agriculture
Criteria
State agencies are required to automate their Food Stamp Program operations and
computerize their systems for obtaining, maintaining, utilizing, and transmitting
information concerning the Food Stamp Program. This includes transmitting information
concerning the Food Stamp Program. This includes providing an automatic cutoff of
participation for households which have not been recertified at the end of their
certification period by reapplying and being determined eligible for a new period.
Condition
Of 40 Food Stamp client files selected for testing, 15 included applications that needed to
go through the re-determination process to determine eligibility for a new period. This re-
determination was not done within the allowable time, but benefits continued to be paid.
Effect
Benefits continued to be paid without proper re-determination of eligibility.
Recommendation:
Ensure re-determinations are done prior to paying out benefit.
Questioned Costs:
Cannot be determined.
Auditor Response: This item has been corrected.
152
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
04-03 FOOD STAMPS BENEFITS PUSHED THROUGH CBMS
CFDA No. 10.551 Food Stamp Program
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Agriculture
Criteria
Benefits should be paid only to eligible households and should be calculated using correct
and verified data.
Condition
Since the implementation of CBMS in September, 2004, benefit payments for the Food
Stamp program were "pushed" through the system. In some cases, a non-system
issuance of benefits was done, which overrides existing data in the system to issue
benefits. This was the case in at least two of the 40 files selected for testing. In other cases
benefits were pushed through when re-determinations had not been done or technicians
were having difficulty getting information into the system. We were not able to identify
which of the files selected for testing had benefits "pushed" through, however County
personnel indicated this was more than likely the case for many of the files.
Effect
In some cases, clients received benefits when proper re-determination of eligibility had not
been completed, or benefits were issued at incorrect amounts.
Recommendation:
Benefits should only be paid when eligibility or re-determination of eligibility has been
completed and benefit amounts can be calculated using correct and verified information.
Questioned Costs:
Cannot be determined.
Auditor Response: This item has been corrected.
153
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
04-04 FOOD STAMP CLAIMS AGAINST HOUSEHOLDS
CFDA No. 10.551 Food Stamp Program
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Agriculture
Criteria:
If a household receives more food stamp benefits than it is entitled to receive, the State
must establish a claim against that household and demand repayment.
Condition:
The State had not verified the accounts receivable reports generated by CBMS, therefore
no reliance can be placed on those reports. In addition, system errors are known to
generate claims in error. A court order dated December 21, 2004 and signed by District
Court Judge John W. Coughlin requires that clients and counties not be held responsible
for benefits paid in error. Upon approval from the Board of County Commissioners,
Weld County is planning to forgive these balances as applicable.
Effect:
Due to known programming errors and differences in application of an existing court
order, internal controls are not in place to accurately establish and collect claims against
households that received overpayments of benefits.
Recommendation:
Until the State is assured of the reliability of the reports generated by CBMS, the County
may wish to establish their own methods of tracking receivables from clients.
Questioned Costs:
Cannot be determined
Auditor Response: This item still exists.
154
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
04-05 ERROR IN DETERMINATION OF FOOD STAMP ELIGIBILITY
CFDA No. 10.551 Food Stamp Program
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Agriculture
Criteria:
Agencies are required to process and store all case file information necessary for
eligibility determination and benefit calculation and to identify specific elements that
affect eligibility.
Condition:
Two of 40 Food Stamp files selected for testing represented incorrectly denied benefits
when benefits should have been issued. Both related to data entry error when processing
the application. One file was a file sent to the State Centralized Data Entry Team for
processing.
Effect:
Applicants for food stamp benefits were incorrectly denied benefits they were entitled to.
Recommendation:
A system of review should be implemented since these errors related to data input and
technician error. Given the caseload of many of the technicians, it is possible that these
types of errors may occur, and a process needs to be in place to detect and correct them.
Questioned Costs:
$586.
Auditor Response: This item still exists.
155
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
04-06 FOOD DOCUMENTATION OF HOUSEHOLD INCOME FOR FOOD STAMP
ELIGIBILTY
CFDA No. 10.551 Food Stamp Program
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Agriculture
Criteria:
Appropriate verifications of income should be done when determining eligibility.
Condition:
In 1 of the 40 Food Stamp files selected for testing, appropriate documentation was not available
to support household income and ensure that proper verifications were done. In this case,
verification of child support income was not documented.
Effect:
Eligibility verifications of income should be done when determining eligibility.
Recommendation:
All verifications of income should be clearly documented. The County may wish to create
a summary form that would collect all the applicable information in one place, rather
than just a checklist of items that are to be included.
Questioned Costs:
$290.
Auditor Response: This item still exists.
156
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
04-07 ACCURACY OF DETERMINATION OF ELIGIBILITY AND BENEFIT
CALCULATION FOR FOOD STAMPS
CFDA No. 10.551 Food Stamp Program
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Agriculture
Criteria:
State agencies are required to automate their Food Stamp Program operations and
computerize their systems for obtaining, maintaining, utilizing, and transmitting
information concerning the Food Stamp Program. This includes processing and storing
all case file information necessary for eligibility determination and benefit calculation.
Condition:
In discussions with County Social Services personnel, it was noted that errors in the
CBMS system were sometimes denying benefits when they should be approved, or
benefits were being paid but at incorrect amounts. This is evidenced by the number of
changes made to the decision tables upon which CBMS operations.
Effect:
Eligibility determination and/or benefit calculations could be in error.
Recommendation:
The CBMS system needs to be proven reliable for eligibility determination and benefit
calculation.
Questioned Costs:
Cannot be determined.
Auditor Response: This item still exists.
157
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
04-08 TIMELY PROCESSING OF TANF BENFITS
CFDA No. 93.558 Temporary Assistance for Needy Families
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Health and Human Services
Criteria:
Per CDHS Rules Volume 3, the determination of eligibility for Colorado Works shall be
made within forty-five (45) calendar days of the original date of application unless the
applicant has requested and the County has approved the extension of time.
Condition:
At December 31, 2004, the TANF program had 145 applications that were out of
compliance for timely processing. This represents approximately 69% of the cases that
were pending as of the end of the year. Audit testing indicated this was an issue
throughout the later part of 2004, as 12 of the 35 files selected for testing were out of
compliance.
Effect:
With the implementation of the CBMS (Colorado Benefits Management System), eligible
beneficiaries of the TANF program have had their applications delayed beyond allowable
processing times.
Recommendation:
Weld County Social Services has been utilizing a central data processing center as well as
hiring additional temporary staff to assist with the backlog of cases. We recommend
continuing to reduce the backlog to allow applications to be processed as they are
received.
Questioned Costs:
Cannot be determined.
Auditor Response: This item has been corrected.
158
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
04-09 TANF SANCTION CALCULATIONS
CFDA No. 93.558 Temporary Assistance for Needy Families
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Health and Human Services
Criteria:
If the State agency responsible for administering the State plan approved under Title IV-
D of the Social Security Act determines that an individual is not cooperating with the
State in establishing paternity, or in establishing, modifying or enforcing a support order
with respect to a child of the individual, and reports that information to the State agency
responsible for TANF, the State TANF agency must (1) deduct an amount equal to not
less than 25% from the TANF assistance that would otherwise be provided to the family
of the individual, and (2) may deny the family any TANF assistance.
If an individual refuses to engage in required work, a State must reduce assistance to the
family, at least pro rata, with respect to any period during the month in which the
individual so refuses, or many terminate assistance.
Condition:
In 2 cases selected for TAM' testing, it was noted that required sanctions were not
properly calculated or applied. This appears to be a system error within CBMS. Upon
discussion with client personnel, other situations where this problem existed were
reviewed, however they were not files selected for testing.
Effect:
Required sanctions may not be calculated or applied as necessary.
Recommendation:
Technicians should closely monitor their cases and evaluate when sanctions are required.
Clear documentation of those sanctions should be included in the file and compared to the
information coming out of CBMS.
159
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
Questioned Costs:
Cannot be determined.
Auditor Response: This item has been corrected.
04-10 TANF INCOME ELIGIBILITY AND VERIFICATION SYSTEM
CFDA No. 93.558 Temporary Assistance for Needy Families
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Health and Human Services
Criteria:
Each State shall participate in the Income Eligibility and Verification System (IEVS)
required by section 1137 of the Social Security Act as amended. Under the State plan, the
State is required to coordinate data exchanges with other federally assisted benefit
programs, request and use income and benefit information when making eligibility
determinations, and adhere to standardized formats and procedures in exchanging
information with other programs and agencies.
Condition:
The CBMS interface with Social Security information (Beneficiary and Earnings Data
Exchange (Bendex) is non-operational. Bendex is one of the pieces of information
contained within the Income and Eligibility Verification System (IEVS). County
departments do not have access to Bendex information any other way.
Effect:
Data exchanges with other federal program databases are not occurring as required.
Recommendation:
System errors should be corrected so programs are in compliance.
160
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
Questioned Costs:
Cannot be determined.
Auditor Response: This item still exits.
04-11 TANF BENEFITS PUSHED THROUGH THE SYSTEM
CFDA No. 93.558 Temporary Assistance for Needy Families
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Health and Human Services
Criteria:
Benefits should be paid only to eligible households and should be calculated using correct
and verified data.
Condition:
Since the implementation of CBMS in September 2004, benefit payments system issuance
of benefits was done, which overrides existing data in the system to issue benefits. This
was the case in at least two of the 35 fides were selected for testing. In other cases,
benefits were pushed through when re-determination had not been done or technicians
were having difficulty getting the information into the system. We were not able to
identify which of the files selected for testing had benefits "pushed" through, however
client personnel indicated this was more than likely the case for many of the files.
Effect:
In some cases clients received benefits when proper re-determination of eligibility had not
been completed, or benefits were issued at incorrect amounts.
Recommendation:
Benefits should only be paid when eligibility or re-determination of eligibility has been
completed and benefit amounts can be calculated using correct and verified information.
161
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV — Prior Year Findings (Continued)
Questioned Costs:
Cannot be determined.
Auditor Response: This item has been corrected.
04-12 NONCOMPLANCE WITH TANF PROGRAM REQUIREMENTS
CFDA No. 93.558 Temporary Assistance for Needy Families
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:
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 4 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 IRCs are completed timely and documented in the file.
Questioned Costs:
$750.
Auditor Response: This item still exists.
162
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
04-13 MISSING TANF FILE
CFDA No. 93.558 Temporary Assistance for Needy Families
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Health and Human Services
Criteria:
Appropriate supporting documentation and correspondence should be maintained by the
County.
Condition:
Of the 35 TANF files selected for testing, one file could not be located.
Effect:
Various verifications, correspondence and other data could not be located to support the
information included in the CBMS database.
Recommendation:
Maintain a tracking system to identify when and where files are checked out.
Questioned Costs:
Cannot be determined.
Auditor Response: This item has been corrected.
163
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
04-14 NONCOMPLIANCE WITH TANF PROGRAM REQUIREMENTS
CFDA No. 93.558 Temporary Assistance for Needy Families
Pass Through the State of Colorado Department of Human Services
Federal Agency: Department of Health and Human Services
Criteria:
As of a condition of eligibility, the caretaker relative shall provide verification or written
confirmation by a physician or nurse pursuant to records in the immunization tracking
system as set forth in Section 25-4-1705(5)(e), C.R.S., that all children whose needs are
included in the assistance unit receiving Colorado Works benefits are being brought up-
to-date with immunization and that, no later than the first re-determination of eligibility,
each child has received all immunization for which the child is eligible according to the
age of the child, unless exempt due to religious or medical reasons in accordance with
Federal law.
Condition:
For 3 of the 35 TANF cases tested, documentation of child immunizations was not found.
Effect:
Program requirements are not being met.
Recommendation:
Caseworkers should ensure that all documentation is included in the file when following
up on requested information.
Questioned Costs:
$560.
Auditor Response: This item still exists.
164
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued)
For the Year Ended December 31, 2005
Section IV - Prior Year Findings (Continued)
MANAGEMENT RESPONSE:
Since the rollout of the statewide system Colorado Benefit Management System (CBMS)
on September 1, 2004, County Departments of Social Services have experienced numerous
problems and delays in processing client business due to CBMS. Weld County is one of
those counties. To aid in solving these problems and delays, Weld County Department of
Social Services has hired more temporary staff, incurred more overtime with full-time
staff, requested additional training and resources from the state, participated in statewide
committees, sent cases to the state to be processed for payment and submitted numerous
help desk tickets to the state to help alleviate these problems and delays in processing
client business.
Weld County Department of Social Services is working hard to get back into compliance
with OMB Circular A-133. Based on the Department's previous history, we take the
audit findings very seriously and strive for zero tolerance in audit findings.
As mentioned above, Weld County is not the only county in this situation. Deloitte
Consulting released a report for the State of Colorado titled, "CBMS Post-
Implementation Review, Detailed Assessment Findings and Recommendations," in May of
2005. This report details issues and recommendations for fixes to the system. It is our
expectation that successful resolution of these issues through the implementation of
Deloitte's recommendations will result in the reduction of our audit findings.
165
COUNTY OF WELD
STATE OF COLORADO
NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
For the Year Ended December 31, 2005
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, 2005.
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, 2005, the
County had food commodities totaling $277,132 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.
166
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