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Home My WebLink About20021780.tiff COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED DECEMBER 31, 2001 oJ�c( OF lyF U C) Prepared by: Finance/Accounting ( 0 Departments C(%0F CO�O�g- )3/.3 mil' Pitt 0"1-O/-2'.�-- 2002-�7so MMCci7 INTRODUCTORY SECTION 01O1# 1; RIC COLORADO TABLE OF CONTENTS Page INTRODUCTORY SECTION Table of Contents Letter of Transmittal 1 Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting 13 Organization Chart 14 Principal County Officials 15 FINANCIAL SECTION Independent Auditors'Report 17 GENERAL PURPOSE FINANCIAL STATEMENTS Combined Balance Sheet-All Fund Types, Account Groups and Discretely Presented Component Unit 20 Combined Statement of Revenues, Expenditures and Changes in Fund Balances -All Government Fund Types, Expendable Trust Funds and Discretely Presented Component Unit 22 Combined Statement of Revenues, Expenditures and Changes in Fund Balances-Budget and Actual -General Fund, Special Revenue Funds and Capital Project Funds 24 Combined Statement of Revenues, Expenses and Changes in Retained Earnings/Fund Balances-All Proprietary Fund Types and Similar Trust Funds 26 Combined Statement of Changes in Plan Net Assets- Pension Trust Fund 27 Combined Statement of Cash Flows- All Proprietary Fund Types and Nonexpendable Trust Fund 28 Notes to Financial Statements 29 Pension Trust Required Supplementary Information 51 COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS AND SCHEDULES GENERAL FUND Balance Sheet 53 Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 54 SPECIAL REVENUE FUNDS Explanations of Individual Funds 59 Combining Balance Sheet 60 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 62 Public Works Fund- Statement of Revenues,Expenditures and Changes in Fund Balances -Budget and Actual 64 Social Services Fund- Statement of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual 66 Conservation Trust Fund- Statement of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual 68 Contingent Fund - Statement of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual 69 Emergency Fund - Statement of Revenues, Expenditures and Changes in Fund Balances-Budget and Actual 70 Public Health Fund- Statement of Revenues, Expenditures and Changes in Fund Balances-Budget and Actual 71 Human Services Fund- Statement of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual 72 Solid Waste Fund- Statement of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual 74 ii CAPITAL PROJECTS FUND Explanation of Individual Fund 75 Capital Expenditures Fund-Balance Sheet 76 Capital Expenditures Fund-Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 77 ENTERPRISE FUND Explanation of Individual Fund 79 Ambulance Fund-Balance Sheet 80 Ambulance Fund - Statement of Revenues, Expenses and Changes in Retained Earnings -Budget and Actual 81 INTERNAL SERVICE FUNDS Explanations of Individual Funds 83 Combining Balance Sheet 84 Combining Statement of Revenues, Expenses and Changes in Retained Earnings 86 Combining Statement of Cash Flows 88 Motor Vehicle Fund- Statement of Revenues, Expenses and Changes in Retained Earnings-Budget and Actual 90 Health Insurance Fund - Statement of Revenues, Expenses and Changes in Retained Earnings -Budget and Actual 91 Insurance Fund- Statement of Revenues, Expenses and Changes in Retained Earnings -Budget and Actual 92 Phone Service Fund- Statement of Revenues, Expenses and Changes in Retained Earnings -Budget and Actual 93 Weld Finance Corporation - Statement of Revenues, Expenses and Changes in Retained Earnings -Budget and Actual 94 iii TRUST AND AGENCY FUNDS Explanations of Individual Funds 95 Combining Balance Sheet 96 Pension Trust Fund - Statement of Changes in Plan Net Assets 98 All Expendable Trust Funds - Statement of Revenues, Expenditures and Changes in Fund Balances 99 Statement of Changes in Assets and Liabilities- All Agency Funds 100 GENERAL FIXED ASSETS ACCOUNT GROUP Schedule of General Fixed Assets by Source 101 Schedule of General Fixed Assets by Function and Activity 102 Schedule of Changes in General Fixed Assets by Function and Activity 103 GENERAL LONG-TERM DEBT ACCOUNT GROUP Schedule of Long-Term Debt 105 STATISTICAL SECTION Tables Relating to Bonded Debt 107 General Governmental Expenditures by Function 108 General Revenue by Source 108 Property Value, Construction,Bank Deposits and Other Economic Indicators 110 Property Tax Levies and Collections 111 Assessed and Estimated Actual Value of Property 111 Property Tax Levies -Direct and Overlapping Governments 112 iv STATISTICAL SECTION(Continued): Special Assessment Collections 113 Computation of Legal Debt Margin 114 Demographic Statistics 115 Principal Taxpayers 116 Miscellaneous Statistics 117 Insurance in Force 119 Salaries of Principal Officials 120 Surety Bond Coverage for Principal Officials 120 Private Purpose Revenue Bonds 121 Computation of Overlapping Bonded Debt-General Obligation Bonds 122 COMPLIANCE SECTION Independent Auditors' Report on Compliance and on Internal Control over Financial Reporting on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 123 Independent Auditors'Report on Compliance with Requirements Applicable to each Major Program and on Internal Control over Compliance in Accordance with OMB Circular A-133 125 Schedule of Expenditures of Federal Awards 127 Notes to Schedule of Expenditures of Federal Awards 130 Schedule of Findings and Questioned Costs 131 Summary Schedule of Prior Audit Findings 132 v SUPPLEMENTAL INFORMATION: Local Highway Finance Report 134 vi a DEPARTMENT OF FINANCE AND ADMINISTRATION I PHONE (970) 356-4000, EXT.4218 111 P FAX: (970) 352-0242 P.O. BOX 758 O GREELEY, COLORADO 80632 COLORADO June 1, 2002 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, 2001, 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. The Comprehensive Annual Financial Report is presented in four sections: introductory,financial, statistical and compliance. The introductory section includes this transmittal letter, the government's organizational chart and a list of principal officials. The financial section includes the general purpose financial statements and the combining and individual fund and account group financial statements and schedules, as well as the independent auditors' report on the financial statements and schedules. The statistical section includes selected financial and demographic information, generally presented on a multi-year basis. The County is required to undergo an annual single audit in conformity with the provisions of the Single Audit Act of 1984, Federal Single Audit Amendments of 1996, and U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. Information related to this single audit, including the schedule of expenditures of federal awards, and auditors' reports on compliance and internal controls, are included in the compliance section of this report. The funds and entities related to the County of Weld that are in our Comprehensive Annual Financial Report include those of separately administered organizations that are financially accountable to the County. The financial statements of the following organizations are included in the accompanying financial statements: • Weld County Housing Authority • Weld County Retirement Plan • Weld County Finance Corporation 1 Honorable Board of Commissioners The following related organizations are excluded from the accompanying financial statements: • Greeley-Weld Airport Authority • Weld Library District Details of the criteria applied and the specific reasons for inclusion or exclusion are contained in the Notes to Financial Statements. 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. ECONOMIC CONDITION AND OUTLOOK With the sharp slow down nationally after September 11, 2001, Weld County has been impacted less than most areas of the nation because of the continued tight labor market in the county. At the state level the Colorado economy continues to outperform the national economy. Growth was higher and unemployment was lower. In Colorado, the strength of the economy is in high tech, services, and the financial sectors. Tourism also continues to be healthy in the State. Northern Colorado is fairly resilient because of the diversified economy and the fact that jobs are spread fairly evenly among the various sectors of manufacturing, agriculture,government, service industry,and retail. Although some of the high tech companies have slowed, local companies over all are holding up well in the poorer national economy. Local employment growth seems strong and stable. The main increases have come with the financial, construction, and insurance industries. While employment is growing, unemployment in Weld County is typically one-half to one percent higher than the State, due to the agricultural economy and high number of unskilled employees in that sector. Although employment in the agricultural area is good in Weld County, the traditional agricultural institutions are struggling, as they are in the rest of the nation. Family farms and ranches have been experiencing continued low commodity prices for their output while trying to sustain operations and personal living in the face of increased costs. Construction in Weld County is still booming. One of the reasons for the residential boom in Weld County is the average home price in Weld County, which is about$30,000 less than the average price elsewhere in Northern Colorado. This puts some price pressure on housing in Weld County causing inflation in Weld County to be slightly higher than other parts of the State. As one looks ahead to 2002, the local economy is more vulnerable than it has been in the past decade, but all the signs indicate that the economy will continue to grow in the area and remain relatively healthy. There may be some side effects of the slowing national economy in specific companies, but over all, the local economy has and should continue to weather the national slow down fairly well. Some slowing may be a good opportunity for Colorado to think about some of the growth issues that are more and more a concern of the citizens of Colorado. With growth in the area, Weld County and all the local jurisdictions must continue to invest in the infrastructure in 2 Honorable Board of Commissioners order to continue to attract more businesses and jobs to the area. The challenge for Weld County is to take advantage of the economic growth and make investments that will attract new businesses and improve the quality of life for local residents. MAJOR INITIATIVES For the Year: In 2001 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 2001: > Constructed the Southwest Weld County Administration Building > Continued implementation of community-oriented policing program in Sheriffs Office. > Added Deputy District Attorney and clerical staff in District Attorney's Office to staff domestic violence courtroom. > Continued the implementation of welfare reform in Weld County. >- Added an environmental specialist to perform environmental planning tasks. > Funded for operations of new community building at Island Grove Park. > Added Building Inspections and Planning staff to accommodate growth demand. > Updated the Weld County Comprehensive Plan. > Added four Sheriffs Deputy positions via a CDOT Office of Highway Safety grant for traffic control. > Continued a four-year process to convert the Regional Communications Center to an 800 MHZ radio system. > Added Clerk and Recorder staff in Motor Vehicle to deal with increased service demands. FOR THE FUTURE As Weld County looks to 2002 and beyond, a number of challenges face the Board and staff to meet the ever changing and growing demands of the county's citizens to maintain the quality of service the citizens have grown to expect from their county government. Major capital projects are planned for the county in the next two to three years primarily associated with the courts and criminal justice system. In the Long Term Capital Plan of the 2002 budget, there is a total of $8,000,000 for new jail construction and $2,500,000 for a new Public Safety Administration Building. The jail construction must be dealt with in conjunction with the space needs of the courts. A space planning study was done in 2001 to evaluate the best course of 3 Honorable Board of Commissioners action for jail and court expansion. The decision was made to consolidate both jails at the new jail site with the expansion of 226 inmate beds,and close the Centennial Jail. To accommodate future court expansion the Sheriff's patrol and administrative units will be moved to a new Sheriff's Administrative Building at the end of 2002. The move of the Sheriff's Office and jail to the Weld County Business Park will free up space in the Centennial Complex for future court expansion. It is anticipated that up to four judges may be approved for Weld County by the Colorado State Legislature in the next four years. This will require four new courtrooms and office space for court support staff. Over the next ten years the Courthouse and adjacent Centennial Complex will be devoted entirely to judicial functions. Public safety will continue to have a significant impact on future budgets. The impact is due to the growth in the county putting demands on the criminal justice system, plus the public's continued demand for more law enforcement, traffic enforcement, rigorous prosecution of crimes, and more and longer incarceration of criminals committing crimes. All of these factors impact the court space needs, District Attorney's Office, Sheriff's patrol unit, and jail space needs and costs. It is a tough job for the Commissioners to determine how much financial support to provide to the criminal justice system in Weld County, balanced against all the other demands for service in the other functional areas of the county. Growth in the county has put an ever increasing demand on county services and the county's infrastructure. The growth has increased the use of county roads and created congestion on several county roadways that needs to be mitigated. Although the county has made tremendous progress over the last twenty years in improving the overall condition of roads and bridges, the growth is adding a whole set of new problems. The character of many county roads has changed from rural to urbanized due to the traffic volume demanding a higher capacity and level of service. Even though the county has increased funding and imposed a traffic impact fee in high growth areas, additional investments may have to be made in the future to the keep the transportation system at an acceptable level. The Public Works budget got a badly needed infusion of added resources due to the County Council allowing the county budget to exceed the Weld County Home Rule Charter five percent property tax limitation by$2,675,472, which corresponds to the TABOR tax limitation. The added resources will be used to enhance gravel roads and dust abatement at a cost of $535,950. $1,487,212 will be put into contract services to enhance paved roads by accelerating the capital improvement plan and developing roads that are part of the strategic road plan. Due to the fifty- percent shareback provision of property taxes with municipalities, an additional $652,310 will be granted to municipalities in the county. With the added funding approved by the County Council, gravel roads will be improved in several ways. Two additional grader districts will be added bringing the total number of districts to 32 at a cost of$134,400 per year. Overtime of$51,250 will be added to allow grader operators to work when weather conditions create an opportunity to better work the surfaces of the roads. A program to mix different soil types on the road surface to create soil mixture that is easier to maintain will cost $50,000 per year. Finally, a roving crew of grader operators and water trucks will work on specific gravel roads that need extraordinary maintenance or enhancement, at a cost of$289,200 per year. 4 Honorable Board of Commissioners Besides transportation and public safety the population growth has had other impacts on the county that will continue. Growing demand for county services is being experienced in all of the county departments besides those directly related to growth, such as Planning and Building Inspection. The growth adds strain to the provision of services and to the finances of the county,especially with the fiscal constraints of the TABOR property tax and revenue limitations, as well as the Weld County Home Rule Charter five percent property tax growth limit. The opening of the Southwest Weld Administrative Building is an example of the county responding to growth and demand for services in concentrated population centers in decentralized areas of the county away from the county seat of Greeley. It is projected that the demand for services in Southwest Weld will continue for many years as the area is on the fringe of the north Denver metro area and Boulder County, where growth is happening at a rapid pace. The Southwest Administrative Building has been designed to accommodate more facilities over time to respond to the area's future growth Basically, in 2002 and in the future, the Weld County Commissioners' primary consideration in planning any new budget will be identifying available revenues to offset growing expenditures. Since a third of the county's revenue is from property tax,the property tax revenue limits of TABOR and the Weld County Home Rule Charter will require a prudent approach to the levels of service that impact expenditures beyond current budget levels. Without voters' approval, growth from property tax revenues can only be realized if the assessed value increases, either through reappraisals or new construction which adds properties to the tax roll. The paradox is that although growth adds a demand for services, continued growth and economic development is essential for the long term financial viability of Weld County government and its citizens. Department Focus: The County uses Banner financial software and the PeopleSoft human resources system, which were implemented January 1, 1996. Both systems have provided the County with necessary query management facilities, graphic presentation and upload/download capabilities. Both systems have been beneficial in allowing greater user access to financial information, thereby assisting the managers of the county in business planning of individual departments. A major effort is going on in 2002 to allow Weld County to comply with GASB 34 and issue a Comprehensive Annual Financial Report in the GASB 34 format for the fiscal year ending December 31, 2002. Program changes for 2002 involve the following: > Complete all mapping to implement the Geographical Information System (GIS). > Add a Health Planner to perform health planning and analysis tasks. > Additional Building Inspections and Planning staff to accommodate growth demand. > Finalize update of the Weld County Comprehensive Plan. > Addition of three Sheriffs Deputy positions via a CDOT Office of Highway Safety grant for traffic control. > Continue a four-year process to convert the Regional Communications Center to an 800 MHZ radio system. 5 Honorable Board of Commissioners > Additional Clerk and Recorder staff in Motor Vehicle to deal with increased service demands and opening of Southwest Weld County Administration Building. > Add three data collectors for Assessor to deal with new construction. > Create a pre-trial supervision program as part of jail population management strategy. >- Add an accountant position to Treasurer's Office to deal with reconciliation problems. > Open the Southwest Weld County Administration Building. > Begin construction of Phase II of County jail. > Construct the new Public Safety Administration Building. > Add staff to Computer Services to implement e-government strategy. > Begin the Nurse Family Partnership Program. > County Council allowed the county to exceed the Weld County Home Rule Charter five percent property tax limitation by $2,675,472 to equal the TABOR limitation for 2002. > Implement the gravel road improvement plan. >- Begin implementation of the Strategic Road Plan. FINANCIAL INFORMATION Management of the County is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the County are protected from loss,theft or misuse and to ensure that adequate accounting data are compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles. Internal controls are designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that: (1)the cost of a control should not exceed the benefits likely to be derived; and (2) the evaluation of costs and benefits requires estimates and judgments by management. Single Audit. As a recipient of federal and state financial assistance,the County also is responsible for ensuring that adequate internal controls are in place to ensure compliance with applicable laws and regulations related to those programs. Internal controls are subject to periodic evaluation by management and external auditors. As a part of the County's single audit,described earlier,tests are made to determine the adequacy of internal controls, including that portion related to federal financial assistance programs, as well as to determine that the County has complied with applicable laws and regulations. The results of the County's single audit for the fiscal year ended December 31, 2001, indicated no instances of material weaknesses in internal controls or significant violations of applicable laws and regulations. 6 Honorable Board of Commissioners Budgeting Controls. In addition, the County maintains budgetary controls. The objective of these budgetary controls is to ensure compliance with legal provisions embodied in the annual appropriated budget approved by the government's governing body. Activities of the General Fund, Special Revenue Funds, Capital Project Fund, Enterprise Fund and Internal Service Funds are included in the annual appropriated budget. The level of budgetary control (that is, the level at which expenditures cannot legally exceed the appropriated amount)is established at the fund level, except for the General Fund which is at the department level. The County also maintains an encumbrance accounting system as one technique of accomplishing budgetary control. Purchase orders which result in an overrun of department balances are not released until additional appropriations are made available. Encumbered amounts lapse at year end. However, encumbrances generally are reappropriated as part of the following year's budget. As demonstrated by the statements and schedules included in the financial section of this report, the government continues to meet its responsibility for sound financial management. GENERAL GOVERNMENT FUNCTIONS Revenue for general government functions including General, Special Revenue, Capital Projects and Expendable Trust Funds totaled$95,470,224 in 2001,an increase of 6.7%over 2000. General property taxes and specific ownership taxes produced 42.4% of total revenue, down from 2000. The amount of revenue from various sources and the changes from 2000 are shown in the following tabulation: Increase Percent (Decrease) Revenue Sources Amount of Total from 2000 Taxes $ 40,566,362 42.5 $ 900,512 Licenses and Permits 1,952,096 2.0 (249,453) Intergovernmental Revenue 37,269,229 39.0 1,974,695 Charges for Services 5,201,026 5.4 487,975 Fines and Forfeitures 39,393 .1 (646) Miscellaneous Revenue 5,402,997 5.7 (426,562) Fees 5,039,121 5.3 1,106,312 Total $ 95,470,224 100.0 $ 3,792,833 The mill levy was 22.038, unchanged from last year. The assessed value for the 2001 budget was $1,759,459,248, which was up $127 million, or 7.78% over last year. All classes of property increased in assessed value for the year, except industrial and state assessed. Industrial was down $4.5 million, or 2.66%. Agricultural properties increased $0.6 million, or 0.56%. Residential properties resulted in a $48.9 million increase, or 8.95%. Commercial property was up $24.2 million, or 8.36%, and oil and gas was up $50.0 million, or 17.62%. State assessed property was down $1.4 million, or 0.71%. There was an actual value increase of new construction of $450 million, or nearly a 5.4% increase in actual value. Current tax collections were 98.71% of the tax levy, down .77% from 2000. Delinquent tax collections were $116,397 compared with $115,279 in 2000. 7 Honorable Board of Commissioners Allocations of property tax by purpose for 2001 and 2000 are shown as follows: 2001 2000 Purpose Mills Mills General Fund 15.947 15.539 Special Revenue Funds 4.343 4.615 Capital Projects Fund 1.435 1.547 Internal Service Funds .313 .337 Total Tax Rate 22.038 22.038 Intergovernmental Revenue represented 38.7%of total general governmental revenue,compared with 37.2% for 2000. Social Service programs account for 27.9% of the intergovernmental revenue, which is caused by the increased caseload of the welfare system in the areas of Foster Care and Day Care. Expenditures for general governmental purposes including General, Special Revenue, Capital Projects, and Expendable Trust Funds totaled $92,262,872, an increase of 6.7% from 2000. Changes in levels of expenditures for major functions of the county over 2000 are shown in the following tabulation: Increase Percent (Decrease) Expenditure Purpose Amount of Total from 2000 Current Operating: General Government $ 16,538,017 17.9 $ 1,137,891 Public Safety 20,130,604 21.8 1,119,732 Public Works 17,459,766 18.9 1,828,663 Public Health & Welfare 18,657,053 20.3 2,250,496 Culture & Recreation 600,303 .7 (1,471) Economic Assistance 9,551,834 10.4 1,229,137 Miscellaneous 1,565,806 1.6 (3,890,926) Capital Outlay 6,955,244 7.5 1,545,039 Debt Service 416,812 .5 (14,319) Intergovernmental 387,433 .4 (155,467) Total $ 92,262,872 100.0% $ 5,048,775 8 Honorable Board of Commissioners MAJOR FACTORS Major factors impacting Weld County in 2001 were primarily attributed to the growth in the county. The Clerk and Recorder, based upon a management study done in early 2000, has increased staffing for a cost of $61,998 to cope with added workload. Due to increased building and development activity, Planning had an increase of 2.5 positions, plus position upgrades, at a cost of$164,856. The District Attorney's budget was up $255,575 with four new positions to respond to increased caseloads in Juvenile and County Court.The Geographical Information System (GIS) budget has increased $234,003 with two additional positions. The funding level of $365,724 is a permanent funding level to provide on-going enhancements and maintain the data on the system. The only area in general government decreasing was Elections, which was down $91,526, since there was only one election in 2001. Public safety was up $1,119,732 for 2001. The Operations Division of the Sheriffs Office budget was up $748,065 with four FTE's added through a CDOT Office of Highway Safety grant for traffic control due to the growth in the county, at a cost of $246,150. The costs for the jails have stabilized, as have the average daily population (ADP)of the two jails. Little or no ADP growth has occurred in the jails for the last 24 months. Costs for the two jails still increased $472,674. Communications was up$149,274 to cover salaries for the dispatchers,who require a higher salary level since they are now emergency medical dispatchers. Community Corrections was down $401,766 due to a drop in the State allocation of beds and the resulting drop in funding, since the program is entirely State funded. Building Inspection was up $65,258 with additional staff, again due to growth in building activity. Other significant changes were Engineering costs being down $159,109 due to a drop in required contract services. The airport subsidy was up $21,035, for a total of $231,943 for infrastructure improvements in 2001. The subsidy to the Health Department was up$200,402, totally attributed to salary increases. The Social Services budget was up $2,047,329 with the total cost of $13,901,844. Public Works was funded at $16,550,621, up $1,516,412, which is almost totally attributed to two State bridge grants. Finally, $1,012,567 was included for a 4% salary increase and health insurance rate increases for 2001. On the revenue side of the budget, property taxes were $38,258,205. Licenses and permits were up $159,700 due to building and development activity. Intergovernmental revenues were up $3,566,781 due to health and bridge grants with an offset from Community Corrections($401,766). Charges for Services were up $1,133,905 from activities in Public Works and the Health Department. Fines were down $646 for a total of $39,393. Miscellaneous revenues were down $426,562 due primarily to lower interest revenues and a different budget treatment of transfers. Fees were up$1,106,312 due to the Clerk and Recorder's higher activity level. Specific Ownership Taxes were up $634,963 due to increased motor vehicle purchases. Ambulance fees were up $1,264,729 with a 4.5% rate increase and more activity. Other revenues remained stable and healthy with the good economic conditions experienced in Weld County in 2001. FUND BALANCE Total fund balance and fund equity in the major operating funds were maintained at adequate levels. The General Fund balance of $5,324,585 was up $1,258,916 from last year. The $18,504,254 balance in the Special Revenue Funds was up from the previous year by 3.3%. 9 Honorable Board of Commissioners Enterprise Operations: The County's enterprise operation is comprised of the Ambulance Service Fund. The Ambulance Service is a county-wide advanced life support emergency medical service. The program is primarily supported by fees with a subsidy from the County of indirect support costs only. The operation answered over 8,800 calls in 2001 and generated revenue of$5,874,690. Pension Trust Fund Operations: The operations of the Weld County Retirement Plan remained stable in 2001. The annual actuarial valuation continues to reflect a positive trend in the funding of the retirement plan, resulting in an excess funding capacity in the amount of$421,703. Internal Service Funds: The Internal Service Funds consists of five funds. The Motor Vehicle Fund provides maintenance to all vehicles owned by the County, as well as renting equipment to Road and Bridge and other various departments. The Health Insurance Fund provides dental and vision health coverage for all employees of the County. The Insurance Fund provides workers' compensation, property and casualty insurance needs for the County. The PBX Fund provides all phone service to the County. The Weld Finance Corporation Fund provides capital financing for building facilities to the County. Capital Project Funds: The Capital Expenditures Fund was established to account for all capital projects for general County use. At the end of each fiscal year, the completed project items are transferred to the General Fixed Asset Account Group. The County has developed a five year Capital Improvements Program outlining projected costs and probable sources of funding for various capital improvement projects. Funds in 2001 were for the Southwest Weld County Administration Building and two grader sheds. General Fixed Assets: The General Fixed Assets of the County are the fixed assets used in the performance of general governmental functions and exclude the fixed assets of the Proprietary Funds. As of December 31, 2001, the General Fixed Assets of the County amounted to $58,710,880. This amount represents the original cost of the assets and is considerably more than their present value. In 2001, the County increased the asset limit to $5,000 from $1,000. Depreciation of General Fixed Assets is not recognized in the County's financial statements. Debt Administration: In 2001 the County continued to have no bonded indebtedness. With the passage of HB 1579 in 1981, Section 30-35-201, C.R.S., 1973 now allows the debt ceiling to be 3%of the assessed valuation of the County. Thus,Weld County maintains over a fifty million dollar allowable debt capacity in accordance with Colorado Revised Statutes. There are lease/purchase agreements which involve two Certificate of Participation Bond Issues totaling $7,705,000 for the construction of the new jail and north administrative buildings. 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 $2,503,342 in 2001. 10 Honorable Board of Commissioners 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 of investments held by the County during the year and at December 31, 2001, are classified in the category of lowest credit risk as defined by the Governmental Accounting Standards Board, except for mutual funds and investment pools which cannot be categorized. Risk Management: During 2001 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. OTHER INFORMATION Independent Audit: The Weld County Home Rule Charter requires an annual audit of the books of accounts, financial records, and transactions of all administrative departments of the County by independent certified public accountants selected by the Board of County Commissioners, and engaged for a period not to exceed five years. The accounting firm of Anderson and Whitney, PC, was selected by the County. In addition to meeting the requirements set forth in the Charter, the audit also was designed to meet the requirements of the Federal Single Audit Act of 1984, Federal Single Audit Amendments of 1996, and related OMB Circular A-133. The auditors' report on the general purpose financial statements and combining and individual fund statements and schedules is included in the Financial Section of this report. The auditors' reports related specifically to the single audit are included in the Compliance Section. Awards: 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, 2000. This was the twentieth 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 2002 annual appropriated budget for the seventeenth 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. 11 Honorable Board of Commissioners ACKNOWLEDGMENTS 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 2001 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, 2001. The preparation of this report could not be accomplished without the efficient and dedicated services of the entire staff of the Accounting/Finance Department. I should like to express my appreciation to all members of the department who assisted and contributed to its preparation. I would also like to thank the members of the Board of County Commissioners for their interest and support in planning and conducting financial operations of the County in a responsible and progressive manner. Respectfully submitted, )004/0%)ML Donald D. Warden, Director Finance and Administration DDW/cah 12 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, 2000 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 financial reporting. at I uwoa Pr sident CORPO 4r� ZEITa : 12O7 Executive Director 13 r� r-N c r1 . L L._ E E E —O s^—O CD ' ^L^,, I— (n L w` u v � CD L 'o La7 O c Q) co c o w 0 N o N Q Z co vow �, maw v W `Q ~ oE � � � � v U ¢ F O T1 `` / Z o L �, ii Co CD o ++ O co U V N o NI a 15 fA c O o co m W E - N -0 - V) ° m N m z Oc CD 0 Q = om E O (6Q o caQ co 0 ;Esc a) V U p m E = E O n 0 , t o W Et Co cnt N OO •V Y '� ca ° « `m 33 J W —. E O N :D _ � aa Ce 0 O Qa5 E oo ac w O U ma \ 'vi pa E N W o 2Z ° c c .Co O C o 0 .c a g t CA en N ^o ia� E �m = 0 - C C U 0 -� - O C U m = -cO m 2 0 V W CN (0 E p N (0 c c o �.. aa: w E O O (n ` a a` c E5 `} U a) OQ ammm / a� V � l RS O O Z m ' vO 113 I- O r+ N L N C w d OCO N EE9 O `� C L �' O (6 i tmto a , C O y .c O Za V — 2 O c c0 'O —� p � a — 7 N — C `om Vo 2 oaW was wQ WLL O V E a J J 0 J ° W d o '- CT C OC N Y ,V N L ti� O C N N D C N O C N c N T — A a V O C O O m f6 h2 •2oio E 02 a)= = IT; 8 W CUCC .mC O w ≥ dy � m � rna � ` mm wOod� Q 11') E (� O N 'p t U h O `o = So c aEa = Jtcdm J v N (6 "co -� r V C •c °0 . :„. § 0 . . - .Q m Z 0 0 3 2 of W a C r O E O C E cmE rm a omm ga mQ�c' N co OU Q LL °)° O it CJ `E' am � 'c J Q C O U it Q a C C, .'-=' > a 0- J 14 COUNTY OF WELD STATE OF COLORADO PRINCIPAL COUNTY OFFICIALS December 31, 2001 Board of County Commissioners Mike Geile Glenn Vaad William Jerke David Long Robert Masden County Treasurer Arthur Willis County Clerk and Recorder J.A. Tsukamoto County Assessor Stan Sessions County Sheriff Ed Jordan County Coroner Scott Anthony Director of Finance&Administration Donald D. Warden Comptroller Claud Hanes Independent Auditors Anderson &Whitney P.C. Certified Public Accountants 15 it e :IT COLORADO 16 FINANCIAL SECTION Alk41:t Mac COLORADO ANDERSON &WHITNEY, P.C. ERSON CERTIFIED PUBLIC ACCOUNTANTS AND BUSINESS ADVISORS 5801 West 11th Street,Suite 300 EIWIlITNEY Greeley,Colorado 80634-4813 PC (970)352-7990 • FAX(970)352-1855 • ■ ■ . ■ Website: awhitney.com Independent Auditors' Report Board of County Commissioners Weld County, Colorado We have audited the accompanying general purpose financial statements of Weld County, Colorado,as of and for the year ended December 31,2001, as listed in the table of contents. These financial statements are the responsibility of Weld County, Colorado management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, and the provisions of Office of Management and Budget 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 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 opinion. In our opinion, the general purpose financial statements referred to in the first paragraph present fairly, in all material respects, the financial position of Weld County, Colorado, as of December 31,2001,and the results of its operations and the cash flows of its proprietary fund types for the year then ended in conformity with accounting principles generally accepted in the United States. Our audit was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The accompanying financial information listed as combining, individual fund and account group financial statements and schedules,the Local Highway Finance Report,and the Schedule of Expenditures of Federal Awards in the table of contents is presented for purposes of additional analysis and is not a required part of the financial statements of Weld County, Colorado. Such information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole. In accordance with Government Auditing Standards,we have also issued our reports dated May 24, 2002 on our consideration of Weld County's internal control structure over financial reporting and our tests of its compliance with certain provisions of laws,regulations,contracts,and grants. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this report in considering the results of our audit. May 24, 2002 17 MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC PRACTICE SECTION-AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED,INC. it :vol Wine COLORADO 18 GENERAL PURPOSE FINANCIAL STATEMENTS Oacit 111�`P� COLORADO it 4 :fri Willie COLORADO 19 COUNTY OF WELD STATE OF COLORADO Combined Balance Sheet-All Fund Types,Account Groups and Discretely Presented Component Unit December 31,2001 (With comparative totals for December 31,2000) Proprietary Govemmental Fund Types Fund Type Special Capital Enterprise Internal General Revenue Projects Fund Service ASSETS Cash and short-term investments $ 7,522,382 $ 18,095,176 $ 3,726,867 $ 12,017 $ 7,119,100 Receivables(net of allowance for uncollectibles): Current property taxes 29,211,606 7,852,428 8,005,555 - 550,000 Delinquent property taxes 113,937 33,710 11,103 - 2,446 Accounts 774,006 847,439 - 960,162 67,709 Special assessment - 61,680 - - - Due from other County funds 134,329 535,412 1,800 836 160,507 Due from other governments 152,083 2,102,265 - - - Advances to other funds 885,000 - - - - Inventories 105,454 1,149,080 - - 18,429 Restricted Assets Cash - - - - - Retirement plan investments - - - - - Other assets 68,479 586 - 204 - Land - - - 48,496 2,041,713 Improvements other than buildings - - - 43,332 247,756 Buildings - - - 656,305 12,210,308 Machinery and equipment - - - 1,026,153 20,126,412 Accumulated depreciation - - - (884,449) (15,643,105) Amounts to be provided for retirement of general long-term debt - - - - - Total Assets $ 38,967,276 $ 30,677,776 $ 11,745,325 $ 1,863,056 $ 26,901,275 LIABILITIES AND FUND EQUITY Liabilities: Accounts payable $ 2,395,889 $ 978,966 $ 209,317 $ 32,815 $ 437,410 Accrued liabilities 996,284 860,774 - 260,878 399,751 Due to other County funds 76,996 740,032 - 100 15,756 Due to other governments - 126,257 - - - Other liabilities - 13,683 - - Deferred revenue 29,816,143 9,453,810 8,016,658 - 552,446 Unexpended grant revenue 357,379 - - - 238,500 Long term debt - - - - 7,680,310 Advances from other funds - - - 885,000 - Total Liabilities 33,642,691 12,173,522 8,225,975 1,178,793 9,324,173 Other credits: Investment in general fixed assets - - - - - Fund Equity: Contributed capital - - - 108,059 10,151,760 Unreserved retained earnings - - - 576,204 7,425,342 Fund Balance: Reserved 1,268,753 1,381,153 77,908 - - Reserved for employees pension benefits - - - - - Unreserved: Designated for future years expenditure 9,603 7,907,301 3,441,442 - - Undesignated 4,046,229 9,215,800 - - - Total Fund Balance 5,324,585 18,504,254 3,519,350 684,263 17,577,102 Total Liabilities and Fund Equity $ 38,967,276 $ 30,677,776 $ 11,745,325 $ 1,863,056 $ 26,901,275 (See Notes to Financial Statements) 20 Fiduciary Primary Government Component Unit Fund Type Account Groups Memorandum Totals Housing Authority Trust and General Fixed General Long Agency Assets Term Debt 2001 2000 2001 2000 $ 8,673,944 $ - $ - $ 45,149,486 $ 36,345,224 $ 658,609 $ 692,378 - - - 45,619,589 38,774,962 - - - - - 161,196 126,589 - - 14,483 - - 2,663,799 2,427,765 1,128 1,516 - - - 61,680 92,014 - - - - - 832,884 648,185 - - - - - 2,254,348 1,650,074 293,640 186,909 - - - 885,000 795,000 - - - - - 1,272,963 1,358,452 - - 741,272 - - 741,272 1,611,696 - - 79,562,589 - - 79,562,589 80,868,750 - - - - - 69,269 142,880 161,670 147,358 - 2,241,203 - 4,331,412 4,592,449 - - - 4,017,242 - 4,308,330 3,999,324 - - - 43,182,747 - 56,049,360 51,551,192 - - - 9,269,688 - 30,422,253 32,292,979 - - - - - (16,527,554) (15,730,899) - - - - 1,637,598 1,637,598 1,544,183 - - $ 88,992,288 $ 58,710,880 $ 1,637,598 $ 259,495,474 $ 243,090,819 $ 1,115,047 $ 1,028,161 $ 569,884 $ - $ - $ 4,624,281 $ 3,859,292 $ 44,757 $ 521 - - 1,637,598 4,155,285 3,873,236 - - - - - 832,884 648,185 - - 8,166,754 - - 8,293,011 5,352,237 - 288,259 - - - 13,683 40,090 249,627 - - - - 47,839,057 40,372,123 - - - - - 595,879 386,984 - - - - - 7,680,310 7,988,665 - - - - - 885,000 795,000 - - 8,736,638 - 1,637,598 74,919,390 63,315,812 294,384 288,780 - 58,710,880 - 58,710,880 56,544,437 - - - - - 10,259,819 10,259,819 - - - - 8,001,546 6,545,924 - - - - - 2,727,814 3,110,553 - - 80,255,650 - - 80,255,650 74,091,851 - - - - - 11,358,346 9,485,995 - - - - - 13,262,029 19,736,428 820,663 739,381 80,255,650 58,710,880 - 184,576,084 179,775,007 820,663 739,381 $ 88,992,288 $ 58,710,880 $ 1,637,598 $ 259,495,474 $ 243,090,819 $ 1,115,047 $ 1,028,161 21 COUNTY OF WELD STATE OF COLORADO Combined Statement of Revenues, Expenditures and Changes in Fund Balances All Government Fund Types, Expendable Trust Funds and Discretely Presented Component Unit For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31,2000) Governmental Fund Type Special General Revenue Capital Projects REVENUES: Taxes $ 25,998,136 $ 12,208,973 $ 2,359,253 Licenses and permits 1,470,842 481,254 - Intergovernmental 5,287,442 31,431,787 550,000 Fines and forfeitures 39,393 - - Chargesforservices 2,124,603 3,076,423 - Miscellaneous 4,564,177 393,773 54,576 Fees 5,016,189 22,932 - Total Revenues 44,500,782 47,615,142 2,963,829 EXPENDITURES: Current: General government 16,538,017 - - Public Safety 20,130,604 - - Public Works 1,296,578 16,163,188 - Public health and welfare 293,395 18,363,658 - Culture and recreation 290,369 309,934 - Economic assistance - 9,551,834 - Miscellaneous 1,051,973 123,362 - Capital outlay 1,214,020 310,852 5,430,372 Debt Service 416,812 - - Intergovernmental - 387,433 - Total Expenditures 41,231,768 45,210,261 5,430,372 Excess of Revenues Over(Under)Expenditures 3,269,014 2,404,881 (2,466,543) Other Financing Sources(Uses): Operating transfers-in 283,534 2,278,528 2,300,000 Operating transfers-out 2,293,632 3,590,370 - Total Other Financing Sources(Uses) (2,010,098) (1,311,842) 2,300,000 Excess of Revenue and Other Financing Sources Over(Under)Expenditures and Other Financing Uses 1,258,916 1,093,039 (166,543) Fund Balances at Beginning of Year 4,065,669 17,411,215 3,685,893 Fund Balance at End of Year $ 5,324,585 $ 18,504,254 $ 3,519,350 (See Notes to Financial Statements) 22 Fiduciary Primary Government Component Unit Fund Type Memorandum Totals Housing Authority Expendable Trust 2001 2000 2001 2000 $ - $ 40,566,362 $ 39,665,850 $ - $ - - 1,952,096 2,201,549 - - - 37,269,229 33,294,534 2,413,898 1,646,656 - 39,393 41,832 - - - 5,201,026 4,711,258 - - 390,471 5,402,997 5,829,554 169,402 122,084 - 5,039,121 3,932,809 - - 390,471 95,470,224 89,677,386 2,583,300 1,768,740 - 16,538,017 15,400,126 - - - 20,130,604 19,010,872 - - - 17,459,766 15,631,103 - - - 18,657,053 16,470,861 - - - 600,303 601,774 - - - 9,551,834 8,322,697 2,502,019 1,797,971 390,471 1,565,806 5,456,732 - - - 6,955,244 5,345,901 - - - 416,812 431,131 - - - 387,433 542,900 - - 390,471 92,262,872 87,214,097 2,502,019 1,797,971 - 3,207,352 2,463,289 81,281 (29,231) - 4,862,062 4,974,830 - - - 5,884,002 4,974,830 - - - (1,021,940) - - - - 2,185,412 2,463,289 81,281 (29,231) - 25,162,777 22,699,488 739,381 768,612 $ - $ 27,348,189 $ 25,162,777 $ 820,662 $ 739,381 23 COUNTY OF WELD STATE OF COLORADO Combined Statement of Revenues, Expenditures and Changes in Fund Balances Budget and Actual-General Fund, Special Revenue Funds and Capital Project Fund For the fiscal year ended December 31,2001 General Variance Favorable Budget Actual (Unfavorable) REVENUES: Taxes 27,572,679 25,998,136 (1,574,543) Licenses and permits 1,464,700 1,470,842 6,142 Intergovernmental 5,377,406 5,287,442 (89,964) Fines and forfeitures 32,500 39,393 6,893 Charges for services 2,595,949 2,124,603 (471,346) Miscellaneous 4,374,600 4,564,177 189,577 Fees 3,738,341 5,016,189 1,277,848 Total Revenues 45,156,175 44,500,782 (655,393) EXPENDITURES: Current: General government 16,464,995 16,538,017 (73,022) Public Safety 20,362,615 20,130,604 232,011 Public Works 1,417,685 1,296,578 121,107 Public health and welfare 313,145 293,395 19,750 Culture and recreation 54,661 290,369 (235,708) Economic assistance - - - Miscellaneous 1,192,490 1,051,973 140,517 Capital outlay 3,687,029 1,214,020 2,473,009 Debt Service 431,673 416,812 14,861 Intergovernmental - - - Total Expenditures 43,924,293 41,231,768 2,692,525 Excess of Revenues Over(Under) Expenditure: 1,231,882 3,269,014 2,037,132 Other Financing Sources(Uses): Operating transfers-in - 283,534 283,534 Operating transfers-out 2,293,693 2,293,632 61 Total Other Financing Sources(Uses) (2,293,693) (2,010,098) 283,595 Excess of Revenue and Other Financing Sources Over(Under)Expenditures and Other Financing Uses (1,061,811) 1,258,916 2,320,727 Fund Balances at Beginning of Year 4,065,669 4,065,669 - Fund Balance at End of Year $ 3,003,858 $ 5,324,585 $ 2,320,727 (See Notes to Financial Statements) 24 Special Revenue Capital Projects Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) 12,837,715 12,208,973 (628,742) 2,525,000 2,359,253 (165,747) 510,600 481,254 (29,346) - - - 32,719,914 31,431,787 (1,288,127) 550,000 550,000 - 2,310,694 3,076,423 765,729 - - - 481,347 393,773 (87,574) 150,000 54,576 (95,424) 22,932 22,932 - - - 48,860,270 47,615,142 (1,245,128) 3,225,000 2,963,829 (261,171) 20,332,960 16,163,188 4,169,772 - - - 18,941,613 18,363,658 577,955 - - - 309,934 309,934 - - - - 10,017,250 9,551,834 465,416 - - - 7,473,164 123,362 7,349,802 - - - 267,291 310,852 (43,561) 8,928,348 5,430,372 3,497,976 545,596 387,433 158,163 - - - 57,887,808 45,210,261 12,677,547 8,928,348 5,430,372 3,497,976 (9,027,538) 2,404,881 11,432,419 (5,703,348) (2,466,543) 3,236,805 639,187 2,278,528 1,639,341 2,300,000 2,300,000 - 1,606,836 3,590,370 (1,983,534) - - - (967,649) (1,311,842) (344,193) 2,300,000 2,300,000 - (9,995,187) 1,093,039 11,088,226 (3,403,348) (166,543) 3,236,805 16,304,028 17,411,215 1,107,187 3,685,893 3,685,893 - $ 6,308,841 $ 18,504,254 $ 12,195,413 $ 282,545 $ 3,519,350 $ 3,236,805 25 COUNTY OF WELD STATE OF COLORADO Combined Statement of Revenues, Expenses and Changes in Retained Earnings/Fund Balances All Proprietary Fund Types For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31,2000) Proprietary Fund Type Memorandum Totals Enterprise Internal Fund Service Fund 2001 2000 Operating revenues: Contributions $ - $ 412,239 $ 412,239 $ 381,557 Charges for services 5,874,690 5,967,875 11,842,565 10,190,235 Total operating revenues 5,874,690 6,380,114 12,254,804 10,571,792 Operating expenses: Personnel services 2,873,132 119,577 2,992,709 2,542,950 Supplies 200,410 905,134 1,105,544 975,637 Purchased services 1,515,878 2,342,561 3,858,439 3,473,592 Insurance and bonds - 203,042 203,042 234,868 Depreciation 170,141 2,099,944 2,270,085 2,235,507 Other 289,324 82,354 371,678 385,568 Claims - 757,997 757,997 844,551 Bad debt expense 882,056 - 882,056 649,246 Total operating expenses 5,930,941 6,510,609 12,441,550 11,341,919 Operating income (loss) (56,251) (130,495) (186,746) (770,127) Nonoperating revenues (expenses): Taxes - 511,234 511,234 540,962 Intergovernmental 15,092 64,406 79,498 16,253 Interest income - 11,048 11,048 16,049 Miscellaneous 3,001 236,716 239,717 47,510 Gain (loss)on disposition of assets (18,442) 156,291 137,849 232,617 Judgements and damages - 72,755 72,755 182,044 Interest expense - (431,673) (431,673) (449,160) Total nonoperating revenues (expenses) (349) 620,777 620,428 586,275 Income (loss) before operating transfers (56,600) 490,282 433,682 (183,852) Operating transfers-in - 1,021,940 1,021,940 - Total operating transfers in (out) - 1,021,940 1,021,940 - Net income(loss) (56,600) 1,512,222 1,455,622 (183,852) Retained earnings beginning of year 632,804 5,913,120 6,545,924 6,729,776 Retained earnings at end of year $ 576,204 $ 7,425,342 $ 8,001,546 $ 6,545,924 (See Notes to Financial Statements) 26 COUNTY OF WELD STATE OF COLORADO Combined Statement of Changes in Plan Net Assets Pension Trust Fund For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31,2000) Weld County Retirement Plan 2001 2000 Additions: Employer contributions $ 1,925,094 $ 1,814,318 Employee contributions 2,098,172 2,023,488 Earnings on investments 2,914,465 7,211,746 Net depreciation in fair market value of investments (3,946,737) (4,674,109) Total Additions 2,990,994 6,375,443 Deductions: Actuarial/Trustee fees 159,665 239,319 Investment Fees 9,939 - Benefit payments 3,823,994 3,227,807 Supplies 3,796 5,305 Total Deductions 3,997,394 3,472,431 Increase(decrease)in net assets (1,006,400) 2,903,012 Net assets held in trust for pension benefits: Beginning of the year 81,262,050 78,359,038 End of the year $ 80,255,650 $ 81,262,050 (See Notes to Financial Statements) 27 COUNTY OF WELD STATE OF COLORADO Combined Statement of Cash Flows All Proprietary Fund Types and Nonexpendable Trust Fund For the fiscal year ended December 31, 2001 Proprietary Fund Type Memorandum Enterprise Internal Total Fund Service 2001 CASH FLOWS FROM OPERATING ACTIVITIES Operating income (loss) $ (56,251) $ (130,495) $ (186,746) Adjustments to reconcile operating income(loss) To net cash provided by operating activities Depreciation 170,141 2,099,944 2,270,085 Discount accrection 0 1,646 1,646 Miscellaneous revenue 18,093 236,716 254,809 Change in assets and liabilities (Increase) decrease in receivables (251,555) (8,515) (260,070) (Increase) decrease in inventories 0 (4,322) (4,322) (Increase) decrease in other assets (938) 169,504 168,566) Increase (decrease) in accounts payable 20,392 237,471 257,863) Increase (decrease) in accrued liabilities 36,656 (6,276) 30,380 Increase (decrease) in other liabilities (11,213) 235,843 224,630 Total adjustments (18,424) 2,962,011 2,943,587 Net cash provided (used) by operating activities (74,675) 2,831,516 2,756,841 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Taxes 0 511,234 511,234 Cash transfers-other funds 250,000 1,021,940 1,271,940 Insurance reimbursement 0 72,755 72,755 Net cash provided by noncapital Financing activities 250,000 1,605,929 1,855,929 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Interest paid on borrowings 0 (431,673) (431,673) Proceeds from sale of capital assets 0 282,885 282,885 Acquisition of capital assets (174,721) (1,888,307) (2,063,028) Principal paid on long-term debt 0 (310.000) (310,000) Net cash used for capital and related Financing activities (174 721) (2,347,095) (2,521,816) CASH FLOWS FROM INVESTING ACTIVITIES Interest on investments 0 11,047 11,047 Net Increase in Cash and Cash Equivalents 604 2,101,397 2,102,001 Cash and Cash Equivalents at Beginning of Year 11,413 5,017,703 5,029,116 Cash and Cash Equivalents at End of Year $ 12,017 $ 7,119,100 $ ],131,11] (See Notes to Financial Statements) 28 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 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: The financial statements of the County include those of legally separate entities which are in the County's reporting entity because of the significance of their operational or financial relationship with the County. Financial information for each of the individual component units may be obtained at the County's administrative offices. The Weld County Housing Authority has been included in Weld County' s Comprehensive Annual Financial Report as a discretely presented component unit. 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. 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. 29 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 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. As activity in the LEA is negligible, it is recorded with the County' s General Fund. The Local Improvement Districts have not been included in the County' s financial statements individually, as they are immaterial, but are included as a blended component unit of Pubic Works, a special revenue fund. 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 appoints a seven member Hospital Board of Trustees. The Hospital Board of Trustees leases land only to Normedco. Normedco is a holding company of which the North Colorado Medical Center (NCMC) is a not-for-profit subsidiary operating the hospital. Effective in 1991, the Hospital Board of Trustees no longer appoints any members to the Normedco Board of Directors. The 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 its 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 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. 30 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 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 stated 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 ail 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. Basis of Presentation: Each fund is an independent fiscal and accounting entity with a self- balancing set of accounts recording cash and other financial resources together with all related liabilities, residual equities and balances which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations. The various funds are grouped into six generic fund types under three broad fund categories, as follows: Governmental Fund Types: All governmental funds and expendable trust funds are accounted for using a current financial resources measurement focus. Under this measurement focus, only current assets and current liabilities are generally included in the balance sheets. The reported fund balance (net current assets) is considered a measure of "available spendable resources". Governmental fund operating statements present increases (revenue and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, these funds are said to present a summary of sources and uses of "available spendable resources" during a period. General Fund: The General Fund accounts for all financial transactions of the County that are not properly accounted for in other funds. Ordinary operations of the County such as public safety, County administration and other activities financed from taxes and general revenue are reflected in this fund. Special Revenue Funds: Special Revenue Funds are established to account for taxes or other earmarked revenue of the County which finance specified activities as required by law or administrative action. 31 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Capital Projects Funds: Capital Projects Funds are established to account for financial resources used for the acquisition or improvement of the capital facilities of the County. Proprietary Fund Types: All proprietary funds are accounted for on a flow of economic resources measurement focus. This means that all assets and all liabilities (whether current or non-current) associated with the fund's activity are included on the balance sheet. Fund equity (net total assets) is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases (revenue) and decreases (expenses) in net total assets. The County applies applicable FASB pronouncements issued on or before November 30, 1989, in accounting and reporting for its proprietary operations. Enterprise Fund: Enterprise Funds are used to account for operations where the intent of the County is that the costs or services to the general public on a continuing basis be financed or recovered primarily through user charges. Internal Service Funds: Internal Service Funds are established to account for goods and services provided to other departments of the County on a cost- reimbursement basis. Fiduciary Fund Types (Trust and Agency Funds) : Trust and Agency Funds are established to record transactions relating to assets held by the County in the capacity of trustee, custodian, or agent for individuals, governmental entities and non- public organizations. These include expendable trust, non- expendable trust, pension trust, and agency funds. Expendable trust funds are accounted for in essentially the same manner as governmental funds. Nonexpendable trust funds and pension trust funds are accounted for in essentially the same manner as proprietary funds. Agency funds are purely custodial (assets equal liabilities) and thus do not involve measurement of results of operations. In addition to the funds, self-balancing account groups are established to account for the general fixed assets and general long-term debt of the County, as follows: General Fixed Assets Account Group: Fixed assets used in governmental fund type operations are accounted for in the General Fixed Assets Account Group. General Long-Term Debt Account Group: The General Long-Term Debt Account Group is used to account for all long term indebtedness not accounted for in the proprietary fund types. 32 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Discretely Presented Component Unit: The component unit column in the combined financial statements includes the financial data of the County's discretely presented component unit. It is reported in a separate column to emphasize that it is legally separate from the County. The component unit is accounted for using a current financial resources measurement focus. C. Basis of Accounting: The governmental funds, expendable trust funds, and agency funds utilize the modified accrual basis of accounting. Under this method revenues are recognized when measurable and available. "Measurable" means the amount of the transaction can be determined and "available" means collectible within the current period or soon enough thereafter to pay liabilities of the current period. Primary revenues susceptible to accrual are taxes, grant revenues and investment earnings. Property tax is reported as deferred revenue (less estimated uncollectible amounts) in the year the levy is certified and as a revenue when available to finance the County's current operations. Other taxes are also reported as revenue when available. Grant revenue is recognized as qualifying expenditures are incurred, and investment earnings are accrued over the life of the investment. Expenditures are generally recognized when the related fund liability is incurred except for long-term liabilities, such as accrued vacation and sick leave, which are recorded when payable from current available financial resources. Proprietary funds, nonexpendable trust funds and pension trust funds follow the accrual basis of accounting whereby revenue is recognized when earned and expenses are recorded when liabilities are incurred. Investments in the Pension Retirement Fund are valued at their fair values in the Combining Balance Sheet. Unrealized gains and losses are included in the change in plan net assets. Encumbrances: Weld County utilizes the encumbrance method of recording commitments related to unperformed contracts for goods and services or portions thereof not yet received. Under this method, encumbrances for purchase orders, contracts, and other commitments outstanding at year end are recorded as a reservation of fund balance and do not constitute expenditures or liabilities. Because the commitments will be honored during the subsequent year a reappropriation is made in the subsequent year to provide authority to complete the transaction. Budget: 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 33 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 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 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 2001, two supplemental appropriation ordinances were enacted, which brought the total budget from the original appropriation of $115, 450, 544 to $129, 923, 430. Budget amounts reported in the accompanying financial statements reflect these supplemental appropriations. Property Taxes: Property taxes attach as an enforceable lien on property as of January 1. Taxes were levied on December 13, 2000, and are collected in 2001 in either two installments or one full payment as follows: The first billing is mailed January 15 and is due by February 28, (half installment) or a full payment by April 30. The second billing is mailed May 15, and is due by June 15, (second installment) . 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 for all school districts, cities and towns, and special districts located 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 per cent (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 the County is in need of additional funds, the 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. 34 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 The original January 1, 2001 levies for the applicable funds of the County are as follows: Mills Amount General Fund 15. 947 $ 28, 059, 247 Road and Bridge 1.264 2,224, 817 Social Services Fund 1.885 3, 315, 898 Contingent Fund 1.194 2, 100, 000 Capital Expenditures Fund 1. 435 2, 525, 000 Insurance Fund .313 550,000 TOTAL 22.038 $38,774, 962 Investments: Investments are reported at fair value which is determined using selected bases. Short-term investments are reported at cost, which approximates fair value. Securities traded on a national or international exchange are valued at the last reported sales price at current exchange rates. Non-participating contracts such as certificates of deposits are reported at cost. Cash deposits and money market investments that mature within one year or less are reported at carrying amount which reasonably estimates fair value. Investment pools are reported at fair value which is determined by the fair value per share of the pool's underlying asset portfolio. Cash and Cash Equivalents For purposes of the statement of cash flows, the County considers all highly liquid investments with a maturity of three months or less to be cash equivalents. Inventories: 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. Interfund Receivables/Payables: Interfund transactions resulting from reimbursements, operating transfers, and charges for services rendered are recorded as due to or due from other County funds. 35 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Interfund Transactions: Quasi-external transactions are accounted for as revenues, expenditures or expenses. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund, are recorded as expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fund that is reimbursed. All other interfund transactions, except quasi-external transactions and reimbursements, are reported as transfers. Nonrecurring or non- routine permanent transfers of equity are reported as residual equity transfers. All other interfund transfers are reported as operating transfers. Fixed Assets: Acquisitions of general fixed assets are recorded as capital outlay expenditures within the governmental funds. Public domain ("infrastructure") general fixed assets consisting of roads, bridges and rights-of-way are not capitalized. No depreciation is provided on general fixed assets. All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated fixed assets are valued at their estimated fair market value on the date donated. Depreciation of all exhaustible fixed assets used by Internal Service Funds and Enterprise Funds is charged as an expense against the operations. Accumulated depreciation is reported on the related balance sheets. Depreciation is provided using the straight-line method over the estimated useful lives, as follows: Buildings 50 years Improvements Other than Buildings 20 years Machinery and Equipment 3-10 years Risk Management and Insurance: The County manages risks of loss through a combination of commercial insurance, participation in a public entity risk pool, and self- insurance. These activities are accounted for in the Insurance Fund, an internal service fund. The County provides dental and vision insurance benefits to employees, which are funded by employee contributions. These activities are accounted for in the Health Insurance Fund, an internal service fund. Estimated liabilities for claims incurred but not reported are included in accrued liabilities. 36 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Sick Leave and Vacation Pay: Accrued sick leave for the governmental funds is accounted for in the General Long-Term Debt Account Group. Sick leave is earned when vested, and it is recorded as an expenditure in the applicable fund when paid. In the event of retirement or termination, 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 employees date of hire is after January 1, 1985, no sick leave is paid upon retirement or termination. Accrued vacation for the governmental funds is accounted for in the General Long-Term Debt Account Group. Unused vacation time is forfeited after 24 months from date earned. Upon termination or retirement, employees are paid for their accrued vacation. Vacation is recorded as an expenditure in the applicable governmental type fund when paid. Vacation and sick leave is accrued in the proprietary fund types when earned. Long-term Obligations: Long-term debt is recognized as a liability of a governmental fund when due. For other long-term obligations, only that portion expected to be financed from expendable available financial resources is reported as a fund liability of a governmental fund. The remaining portion of such obligations is reported in the General Long-Term Debt Account Group. Long-term liabilities expected to be financed from proprietary fund operations are accounted for in those funds. Fund Equity: Contributed capital is recorded in proprietary funds that have received capital grants or contributions from developers, customers or other funds. Reserves represent those portions of fund equity not appropriable for expenditure or legally segregated for a specific future use. Designated fund balances represent tentative plans for future use of financial resources. 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, 2001 include $46,772, $485, 559, and $77, 908 for the General Fund, Special Revenue Funds, and Capital Projects Fund, respectively, for a total of $610, 239. Reserved for Other Assets: These reserves are established to record all prepaid items. Recorded reserves at December 31, 2001 are $38, 931 and $586 for the General Fund and Special Revenue Funds, respectively, for a total of $39,517. 37 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Reserved for Inventories: These reserves are established to record the total level of supply inventories. Recorded reserves at December 31, 2001 are $105, 454 and $895, 008 for General Fund and Special Revenue Funds, respectively, for a total of $1, 000, 462. Reserved for Employees Pension Benefits: These reserves are established to record the pension benefit obligation of the Weld County Retirement Plan. The amount of this reserve is $80, 255, 650 at December 31, 2001. Reserved for Advances: These reserves are established to record the total advance between funds. Reserves at December 31, 2001 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, 2002 . Non-Federal In-Kind Contributions: Volunteers assist the various programs of the Human Services Fund (a Special Revenue Fund) in providing transportation and various other program functions. Donated labor is recorded at rates based upon the market rate of service provided. Volunteer mileage is recorded at 30.5 per mile. Donated food, clothing, and other goods are recognized as contributed revenue at fair market value. An offsetting in-kind expenditure is also recorded for the value of the donated goods and services. Memorandum Only - Total Columns: Total columns on the General Purpose Financial Statements are captioned Memorandum Total to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations, or cash flows in conformity with generally accepted accounting principles. Neither is such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data. Comparative Data: Comparative total data for the prior year has been presented in the accompanying financial statements in order to provide an understanding of changes in the County's financial position and operations. However, comparative data has not been presented in all statements because their inclusion would make certain statements unduly complex and difficult to understand. 38 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Use of Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Note 2 - 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 pool is under the custody of the County Treasurer. Several of the County' s funds also hold investments on their own account some of which are restricted assets. Each fund's share of the cash and investment pool as well as non-pooled cash and investments 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 pooled cash account, the overdraft is reported as an interfund receivable/advance to other fund in the General Fund with an offsetting interfund payable in the overdrawn fund. 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 having their principal offices within the State of Colorado. The bank balances of the County's pooled and non-pooled deposits are categorized by level of 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, 2001 are as follows: 39 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 CATEGORY Bank Carrying A B Balance Amount Primary Government: Pooled Deposits $ 100,000 $ 13,104,461 $ 13,204,461 $ 13,098,839 Demand Deposits Certificates of Deposit 1,000,000 7,235,535 8,235,535 8,235,535 Total Pooled Deposits $1,100,000 $ 20,339,996 $ 21,439,996 $ 21,334,374 Non-Pooled Deposits Demand Deposits $ 0 $ 0 $ 0 $ 0 Total Deposits $1,100,000 $ 20,339,996 $ 21,439,996 $ 21,334,374 Component Unit: Pooled Deposits Certificates of Deposit $ 0 $ 36,836 $ 0 $ 36,836 All deposits made by the County Treasurer in 2001 were done so in eligible public depositories, as defined by the Public Deposit Protection Act of 1989. Investments: 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, 2001, the County held investments in the following local government investment pools: the Colorado Surplus Asset Fund Trust (CSAFE) , the Colorado Diversified Trust (CDT) , the Colorado Local Government Liquid Asset Trust (COLOTRUST) and the Government Asset Pool (GAP) , which are 2a7-like investment pools. The investment pools are routinely monitored by the Colorado Division of Securities with regard to operations and investments. All securities owned by each pooled investment are held by the Federal Reserve Bank in the account maintained for the custodial bank. The custodian's internal records identify the investments owned by each pool investor. The Weld County Retirement Plan contractually delegates investment management to investment managers. The County's investments are categorized by level of 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 includes 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) includes 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 in local government investment pools and money market funds cannot be categorized by 40 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 level of risk because they are not evidenced by specific securities due to the nature of an investment pool. The retirement plan and deferred compensation plan investments also cannot be categorized since the specific securities belonging to Weld County cannot be identified. Fair Value/ Category Carrying B Amount Cost Primary Government: Pooled Investments: U.S. Government Agency Notes $ 7,300,000 $ 7,300,000 $ 7,310,517 Local Government Investment Pools 13,211,596 13,211,596 Money Market Funds 6,133,241 6,133,241 Total pooled investments 26,644,837 26,655,354 Non-pooled Investments: Money Market Funds - Finance Corp 228,192 228,192 Money Market Funds - Retirement 511,035 511,035 Plan Mutual Funds - Retirement Plan 79,051,554 79,051,554 Total $ 79,790,781 $ 79,790,781 Component Unit: Local Government Investment Pools $ 388,408 $ 388,408 Money Market Funds 0 0 Total $ 388,408 $ 388,408 At December 31, 2001, the County has invested $2, 754,017 in a government securities fund, initially as a short-term investment. As discussed in Note 11, this fund was frozen in 1991 by the Securities and Exchange Commission pending outcome of criminal investigations of the securities dealers and the County initiated litigation to recover damages. The market value of this investment is not available. It is probable that an investment loss will ultimately be realized. An allowance for the entire investment balance has been recorded in the Contingent Fund. 41 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Note 3 - Allowance for Uncollectible Accounts Receivable: The allowance for uncollectible receivables consists of the following at December 31, 2001: Allowance for Fund Type Uncollectible General $ 29,248 Special Revenue 8, 841 Capital Projects 2, 839 Enterprise 737, 005 Internal Service 635 Total $ 778, 568 Note 4 - Individual Fund Receivable and Payable Balances and Advances: Interfund receivable and payable at December 31, 2001 are as follows: Interfund Interfund Receivables Payables General Fund $ 134, 329 $ 76, 996 Special Revenue Funds: Public Works Fund 318, 820 246, 441 Social Services Fund 0 419, 137 Public Health Fund 5,791 4, 529 Human Service Fund 210, 801 19, 890 Solid Waste Fund 0 50, 035 Capital Projects Fund 1, 800 0 Enterprise Fund: Ambulance 836 100 Internal Service Funds: Motor Vehicle Fund 142, 783 14, 920 Insurance Fund 4, 660 836 Phone Services Fund 13, 064 0 Total $ 832, 884 $ 832, 884 42 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Advances from and to other funds at December 31, 2001 are as follows: Advances Advances From To General Fund $ 0 $ 885, 000 Ambulance Fund 885, 000 0 Total $ 885, 000 $ 885, 000 Transfers in and out at December 31, 2001 are as follows: Transfer Transfer In Out General Fund $ 283, 534 $2,293, 632 Special Revenue Funds: Public Works 980, 000 Contingent Fund 0 1,700, 000 Solid Waste Fund 0 910,370 Public Health Fund 2,266, 177 0 Human Services Fund 12, 351 0 Capital Projects Fund 2, 300, 000 0 Internal Service Funds: Motor Pool 1, 021, 940 0 Total $5,884, 002 $5, 884, 002 Note 5 - General Fixed Assets: A summary of changes in general fixed assets follows: Balance Balance 12/31/00 Additions Deletions Reclass 12/31/01 Land $ 2,489,635 $ 12,069 $ 260,501 $ 0 $ 2,241,203 Land Improvements 3,678,733 417,106 78,597 0 4,017,242 Buildings 38,501,756 5,212,730 756,471 138,245 43,096,260 Leasehold Improvements 29,596 0 0 (29,596) 0 Equipment 11,736,068 1,073,622 3,540,002 0 9,269,688 Construction in Progress 108,649 86,487 0 (108,649) 86,487 Total $ 56,544,437 $6,802,014 $4,635,571 $ 0 $ 58,710,680 At year-end 2001 construction in progress consists of $86, 487 for the Law Enforcement Administration Building and Jail Expansion. 43 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Note 6 - 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 expenditures approximated $471, 800 for all types of leases. These expenditures were made primarily from the General, Public Works and Social Service Funds. Note 7 - Long-Term Debt: Long-term debt consists of the following at December 31, 2001: Internal Service Fund: Certificates of participation $ 7, 705, 000 Less uncredited discount 24, 690 Certificates of participation - net 7, 680, 310 General Long-Term Debt Account Group: Sick-leave and vacation accruals 1, 637, 598 MEMORANDUM TOTAL $ 9,317, 908 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 7.3% per annum and mature in increasing annual amounts through 2016. Series 1992 certificates maturing in 2001 or after and 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 2000 and 2007, respectively. Future debt service requirements for the certificates of participation are as follows: Year Principal Interest Total 2002 $ 555, 000 $ 412, 692 $ 967, 692 2003 360, 000 377,233 737,233 2004 380, 000 360, 133 740, 133 2005 400, 000 341, 893 741, 893 2006 420, 000 322,293 742,293 2007-2016 5, 590, 000 1,735, 472 7,325, 472 Total $ 7, 705, 000 $ 3, 549, 716 $11, 254, 716 44 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Special assessment bonds are payable solely from assessments collected from the property owners benefitted by the respective improvements. All assessments have been collected from property owners. Long-term debt transactions during 2001 are summarized as follows: Certificates Vacation of and Sick Participation Leave Total Balance, January 1, 2001 $ 7, 988, 664 $ 1,544, 183 $ 9, 532, 847 Retired in 2001 (310,000) 0 (310, 000) Discount accretion 1, 646 0 1, 646 Additions in 2001 0 93, 415 93, 415 Balance, December 31, 2001 $ 7, 680, 310 $ 1, 637, 598 $ 9, 317, 908 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 $66, 662, 558 at December 31, 2001. 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, 2001, totaled $7, 543, 486. Note 8 - Other Required Individual Fund Disclosures: Excesses of expenditures over appropriations in individual funds are as follows: Revised Over- Appropriation Expenditures Expenditures Social Services $ 12,281,183 $ 13,792,400 $ 1,511,217 Ambulance Fund 5,471,426 5,930,941 459,515 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. Retained earnings in the Weld Finance Corporation December 31, 2001 was a deficit of $199, 358. The deficit will be recovered through future operations. 45 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Note 9 - 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 6% of their annual covered payroll. The County is required to contribute at an actuarially determined rate; the current rate is 6% of annual covered payroll. Annual Pension Cost and Net Pension Obligation: The County's annual pension cost and net pension obligation to the Plan for the current year were: Annual Required Contributions $ 1,591,067 Interest on net pension obligation 87,676 Annual Pension Cost 1,503,391 Contributions made 1,925,094 Increase (decrease) in net pension obligation (421,703) Net pension obligation beginning of year (1,095,945) Net pension obligation end of year $(1,517,648) The annual required contribution for the current year was determined as part of the January 1, 2001 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 assumptions also include post-retirement benefit increases of 2% . 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, 2001, was 30 years. Three-Year Trend Information: Fiscal Year Ending Annual Pension Percentage of Net Pension Cost (APC) APC Contributed Obligation December 31, 1999 $ 1,522,766 110.5% $ (445,663) December 31, 2000 1,164,036 155.9% (1,095,945) December 31, 2001 1,503,391 128.1% (1,517,648) 46 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Note 10 - Risk Management: The County uses a combination of self insurance, participation in an insurance pool (discussed in Note 1) , and insurance coverage. The activity for County risk functions is accounted for in the Insurance Internal Service Fund and Health Insurance Internal Service Fund. Workers' Compensation coverage is partially self-insured with insurance coverage of a $300, 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 estimated 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: December 31, 2000 December 31, 2001 Unpaid Claims - Beginning $ 241,492 $ 337,879 Incurred Claims (Includes IBNR'S) 297,680 257,687 Claims Paid (201,323) (263,499) Unpaid Claims - Ending $ 337,879 $ 332,067 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 CAPP 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: December 31, 2000 December 31, 2001 Unpaid Claims - Beginning $ 158,911 $ 56,032 Incurred Claims (Includes IBNR'S) 55,744 83,827 claims Paid (158,623) (80,856) Unpaid Claims - Ending $ 56,032 $ 59, 003 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 the date. No outstanding claims or incurred but not reported liabilities exist for year-end. The health insurance plan is fully insured. 47 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Note 11 - Contingencies: The County is currently the defendant in several lawsuits. Based upon the opinion of legal counsel, these claims would be covered by insurance and/or there does not appear to be a threat of significant liability to the County. At December 31, 2001, the County had $2,754, 017 plus interest invested in a government securities fund. This fund was frozen in 1991 by the Securities and Exchange Commission pending outcome of criminal investigations of the securities dealers and the County initiated litigation to recover damages. As of December 31, 2001, this litigation continues against substantial business entity defendants. It is probable that an investment loss will ultimately be realized. An allowance for the entire investment balance has been recorded in the Contingent Fund. 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 order to determine its compliance. 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 9) 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 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. 48 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2000 Note 12 - Non-Cash Activity in Social Services Fund Schedule of EBT Authorizations, Warrant Expenditures and Total Expenditures For the Year Ended December 31, 2000 A B C D E County EBT County EBT County Share of Expenditure By Authorizations Total Program Authorizations Authorizations County Warrant Plus Expenditures Expenditures by County Warrant (Col. A + Col. C) (Col. B + Col. C) Old Age Pension $ 1,576,863 $ $ $ 1,576,863 $ 12,120 12,121 0 Low-Income Energy 819,523 0 96,092 915,615 96,092 Assistance Program Temporary Assistance 1,496,830 280,235 0 1,496,830 280,235 for Needy Families Regular 0 188,223 6,875,766 6,875,766 7,063,989 Administration CWEST/Child Welfare 4,778,243 1,155,856 127,243 4,905,486 1,283,099 Core Services 0 0 858,407 858,407 858,407 Aid to the Needy 753,647 52, 554 0 753,647 52,554 Disabled IV-D Administration 0 0 1,134,542 1,134,542 1,134,542 CHATS/Child Care 4,106,344 586,630 0 4,106,344 586,630 Medicaid 0 0 4,501 4,501 4,501 Transportation Aid to the Blind 1,000 200 0 1,000 200 General Assistance 0 0 109,865 109,865 109,865 Miscellaneous 0 15,939 470,318 470,318 486,257 Subtotal 13,532,450 2,291,757 9,676,734 23,209,184 11,968,491 Food Assistance 4,009,840 0 (13,977) 3,995,863 (13,977) Total $17,542,290 $ 2,291,757 $ 9,662,757 $27,205,047 $11,954,514 A. Welfare payments 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 expenditure on the Social Services Fund - Statement of Revenues, Expenditures and Changes in the Fund Balance. 49 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2001 Note 13 - Public Trustee: Pursuant to an act of the Colorado General Assembly, the Weld County Public Trustee is to be deemed an agency of the County for the purpose of financial reporting. Related activity has been reported in the General Agency Fund, with the following activity identified strictly for the office of the Public Trustee as of and for the year ended December 31, 2000: Assets $1, 093, 667 Liabilities 426, 619 Fund Balance 667, 048 Revenues 832, 616 Expenditures 614, 371 50 COUNTY OF WELD STATE OF COLORADO PENSION TRUST REQUIRED SUPPLEMENTARY INFORMATION Year Ended December 31, 2001 Schedule of Funding Progress Actuarial Actuarial Actuarial Unfunded Funded Covered UAAL as a Valuation Value of Accrued AAL (UAAL) Ratio Payroll Percentage of Date Assets Liability (AAL) (b-a) (a/b) (C) Covered (a) Entry Age Payroll (b) [b-a)/c] 1/1/97 $52,113,121 $56,148,086 $ 4,034,963 92.8% $22,728,155 17.8% 1/1/98 $58,256,392 $61,714,771 $ 3,458,379 94.4% $24,902,505 13.9% 1/1/99 $64,835,754 $68,518,936 $ 3,683,182 94.6% $27,741,047 13.3% 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% 51 COLORADO COMBINING STATEMENTS , INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS AND SCHEDULES GENERAL FUND The General fund Accounts for all financial transactions of the county that are not properly accounted for in other funds. Ordinary operations of the County such as public safety, county administration and other activities financed from taxes and general revenues are reflected in this fund. COUNTY OF WELD STATE OF COLORADO General Fund Balance Sheet December 31, 2001 (With comparative totals for December 31, 2000) 2001 2000 ASSETS Cash and short-term investments $ 7,522,382 $ 5,286,013 Receivables (net of allowance for uncollectibles): Current property taxes 29,211,606 28,059,247 Delinquent property taxes 113,937 90,070 Accounts 774,006 580,997 Due from other County funds 134,329 100,796 Due from other governments 152,083 279,125 Advances to other funds 885,000 795,000 Inventories 105,454 105,290 Other assets 68,479 96,498 Total Assets $ 38,967,276 $ 35,393,036 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 2,395,889 $ 1,404,216 Accrued liabilities 996,284 915,040 Due to other County funds 76,996 67,937 Deferred revenue 29,816,143 28,553,190 Unexpended grant revenue 357,379 386,984 Total Liabilities 33,642,691 31,327,367 Fund Balance: Reserved for encumbrances 46,772 449,750 Reserved for advances to other funds 885,000 795,000 Reserved for other assets 38,931 96,498 Reserved for other 192,596 - Reserved for inventories 105,454 105,290 Unreserved: Designated for future year's expenditures 9,603 - Undesignated 4,046,229 2,619,131 Total Fund Balance 5,324,585 4,065,669 Total Liabilities and Fund Balance $ 38,967,276 $ 35,393,036 53 COUNTY OF WELD STATE OF COLORADO General Fund Statement of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual REVENUES Taxes: General property taxes $ 28,059,247 $ 26,667,287 $ (1,391,960) $ 25,126,550 Severance tax 423,184 423,185 1 21,111 Tobacco products 90,000 85,275 (4,725) 98,104 Penalties& interest - (177,859) (177,859) 18,448 Property tax adjustment (999,752) (999,752) - - Total Taxes 27,572,679 25,998,136 (1,574,543) 25,264,213 Licenses and Permits Liquor licenses 4,700 3,794 (906) 4,296 Planning permits 425,000 397,614 (27,386) 514,806 Building permits 925,000 880,727 (44,273) 975,027 Electrical permits 110,000 188,707 78,707 196,840 Total Licenses and Permits 1,464,700 1,470,842 6,142 1,690,969 Intergovernmental: Federal grants (30,621) 176,668 207,289 218,393 Payment in lieu of taxes - 1,989 1,989 18 State grants 5,078,387 4,710,479 (367,908) 4,161,940 Other governmental units 29,890 101,515 71,625 91,994 Cities and towns 299,750 296,791 (2,959) 388,675 Total Intergovernmental 5,377,406 5,287,442 (89,964) 4,861,020 Charges for Service: Plan checking fees 375,000 357,805 (17,195) 397,329 Charges for services 2,156,449 1,673,788 (482,661) 1,564,350 Sale of supplies 52,000 79,802 27,802 77,283 Parking 12,500 13,208 708 12,563 Total Charges for Services 2,595,949 2,124,603 (471,346) 2,051,525 Fines and Forfeitures: Property forfeitures/evidence - 5,583 5,583 (300) Fines (drunk drivers) 32,500 33,810 1,310 42,132 Total Fines and Forfeitures 32,500 39,393 6,893 41,832 Miscellaneous: Miscellaneous 1,702,200 1,503,021 (199,179) 1,845,824 Interest 2,000,000 2,332,201 332,201 2,698,151 Rents from buildings 362,400 403,073 40,673 359,656 Royalties 310,000 325,882 15,882 241,328 Sales of assets - - - 100 Total Miscellaneous 4,374,600 4,564,177 189,577 5,145,059 54 COUNTY OF WELD STATE OF COLORADO General Fund Statement of Revenues, Expenditures and Changes in Fund Balances-Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31,2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual REVENUES (CONTINUED) Fees: Clerk& Recorder fees 3,668,341 4,948,738 1,280,397 3,860,605 Treasurer's fees 30,000 29,646 (354) 35,372 Cable fees 40,000 37,805 (2,195) 36,401 Total Fees 3,738,341 5,016,189 1,277,848 3,932,378 Total Revenues 45,156,175 44,500,782 (655,393) 42,986,996 EXPENDITURES General Government: Office of the Board 534,831 507,158 27,673 453,800 County Attorney 503,335 506,269 (2,934) 481,666 Public Trustee 4,000 4,645 (645) 3,460 Planning and zoning 848,731 837,171 11,560 771,604 Clerk to the Board 125,427 106,502 18,925 100,927 County Clerk 670,052 659,664 10,388 1,475,282 Elections and registration 667,185 588,409 78,776 679,935 Motor vehicle 990,882 966,754 24,128 62 County Treasurer 632,310 606,112 26,198 612,589 County Assessor 1,882,786 1,878,584 4,202 1,686,090 Maintenance of buildings/grounds 3,143,458 2,932,245 211,213 2,691,463 County Council 24,856 11,873 12,983 12,196 District Attorney 2,561,839 2,497,746 64,093 2,142,527 Juvenile Diversion Grant 289,634 294,713 (5,079) 277,432 Victim Assistance 258,951 612,095 (353,144) 636,263 Financial administration 271,389 264,096 7,293 253,331 General accounting 494,750 480,459 14,291 503,886 Purchasing 97,691 94,605 3,086 91,660 Personnel 387,770 358,695 29,075 349,416 Geographical Information Systems 382,220 365,724 16,496 333,354 Capital - 43,327 (43,327) 37,710 Computer Services 1,453,687 1,780,000 (326,313) 1,425,330 Printing and Supply 239,211 141,171 98,040 380,143 Total General Government 16,464,995 16,538,017 (73,022) 15,400,126 (CONTINUED) 55 COUNTY OF WELD STATE OF COLORADO General Fund Statement of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31,2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual EXPENDITURES(CONTINUED) Public Safety Sheriff administration 931,405 918,177 13,228 857,353 Crime control and investigations 4,406,280 4,440,128 (33,848) 3,938,213 Traffic control 272,408 246,150 26,258 - Task force 242,600 256,905 (14,305) 301,933 Regional forensic laboratory 111,696 112,010 (314) 122,508 Communications services 911,494 942,342 (30,848) 793,068 Communication system development - 26,145 (26,145) 1,000 E-911 administration 700 640 60 612 Criminal justice 528,962 546,828 (17,866) 514,948 County Coroner 345,109 362,949 (17,840) 330,082 Correctional administration 8,229,727 8,194,999 34,728 7,722,325 Community correction 3,077,887 2,795,919 281,968 3,197,685 Building inspection 827,182 833,118 (5,936) 767,862 Office of emergency management 92,683 81,237 11,446 80,856 Waste water management 8,200 9,200 (1,000) 6,964 Animal control 147,580 132,429 15,151 130,424 Pest/weed control 228,702 231,943 (3,241) 244,239 Solid waste - (515) 515 800 Total Public Safety 20,362,615 20,130,604 232,011 19,010,872 Public Works: General engineering 694,336 650,598 43,738 491,489 Extension services 338,134 325,534 12,600 325,668 Veteran office 53,465 52,404 1,061 49,872 Airport 331,750 268,042 63,708 289,077 Total Public Works 1,417,685 1,296,578 121,107 1,156,106 Public Health and Welfare: Mental health 135,875 113,625 22,250 120,875 Developmentally disabled 45,000 45,000 - 52,000 Seniors program 12,500 12,500 - 12,500 Economic development 112,270 112,270 - 299,728 A Kid's Place 7,500 10,000 (2,500) 8,334 Total Public Health and Welfare 313,145 293,395 19,750 493,437 Culture and Recreation: Missile site park 2,000 (249) 2,249 (2,205) County fair 52,661 290,618 (237,957) 288,935 Total Culture and Recreation 54,661 290,369 (235,708) 286,730 56 COUNTY OF WELD STATE OF COLORADO General Fund Statement of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual EXPENDITURES(CONTINUED) Miscellaneous: Other 782,490 736,773 45,717 381,166 Building rents 410,000 315,200 94,800 1,790,000 Total Miscellaneous 1,192,490 1,051,973 140,517 2,171,166 Capital Outlay: Capital purchases 3,687,029 1,214,020 2,473,009 1,421,497 Debt Services: Capital lease 431,673 416,812 14,861 431,131 Total Expenditures 43,924,293 41,231,768 2,692,525 40,371,065 Other Financing Source(Use) Operating Transfers- In: Non-Departmental - 283,534 283,534 900,000 Operating Transfers-Out: Appropriation Grants-In-Aid 2,293,693 2,293,632 61 2,093,230 Total Other Financing Sources(Uses) (2,293,693) (2,010,098) 283,595 (1,193,230) Excess of Revenues and Other Financing Sources Over(Under) Expenditures and Other Financing Uses (1,061,811) 1,258,916 2,320,727 1,422,701 Fund Balance at Beginning of Year 4,065,669 4,065,669 - 2,642,968 Fund Balance at End of Year $ 3,003,858 $ 5,324,585 $ 2,320,727 $ 4,065,669 57 ft *D4 Wine COLORADO 58 SPECIAL REVENUE FUNDS iiimWit Special Revenue Funds are established to account for taxes or other earmarked revenues of the County which finance specified activities as required by law or administrative action. COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 2001 Public Works Fund: The Public Works Fund records all costs related to Weld County road and bridge construction and maintenance. This fund is also utilized for allocation of monies to cities and towns for use in their road and street activities. In compliance with GASB Statement#6, Local Improvement Districts Basswood Avenue, 83rd Avenue, Roads 15 & 84, Road 34, Road 32, Road 8, Road 38, Johnson Subdivision,Arrowhead Subdivision,Roth Subdivision,Martin Subdivision and Delwood Avenue are reported in the Public Works Fund. Social Services Fund: The Social Services Fund accounts for the various public welfare programs administered by the County. 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. Human Services Fund: The Human Services Fund accounts for various federal and state human service grants. Primary funding agencies are Department of Labor and Health and Human Services. 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. 59 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Combining Balance Sheet December 31,2001 (With comparative totals for December 31,2000) Public Works Social Services Conservation Contingent Fund Fund Trust Fund Fund ASSETS Cash and short-term investments $ 5,827,396 $ 3,903,806 $ 523,835 $ 2,873,566 Receivables(net of allowance for uncollectibles): Current property taxes 5,011,530 2,840,898 - - Delinquent property taxes 9,907 14,188 - 9,615 Accounts 88,821 72,545 - - Special assessment 61,680 - - - Due from other County funds 318,820 - - - Due from other governments - 1,538,337 - - Inventories 871,361 - - - Other assets - - - - Total Assets $ 12,189,515 $ 8,369,774 $ 523,835 $ 2,883,181 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 316,743 $ 293,337 $ - $ - Accrued liabilities 211,057 149,543 - - Other liabilities - 13,683 - - Due to other County funds 246,441 419,137 - - Due to other governments - 126,257 - - Deferred revenue 5,066,988 3,986,338 - 9,615 Unexpended grant revenue - - - - Advance from other funds - - - - Total Liabilities 5,841,229 4,988,295 - 9,615 Fund Balances: Reserved for encumbrances 423,095 - - - Reserved for other assets - - - - Reserved for inventories 871,361 - - - Unreserved: Designated for future year's expenditure 850,000 1,683,735 - 2,873,566 Undesignated 4,203,830 1,697,744 523,835 - Total Fund Balances 6,348,286 3,381,479 523,835 2,873,566 Total Liabilities and Fund Balances $ 12,189,515 $ 8,369,774 $ 523,835 $ 2,883,181 60 Emergency Public Health Human Solid Waste Fund Fund Services Fund Fund 2001 2000 $ 2,525,504 $ 774,762 $ 533,893 $ 1,132,414 $ 18,095,176 $ 16,596,638 - - - - 7,852,428 7,640,715 - - - - 33,710 26,020 409,222 66,681 210,170 847,439 1,066,178 - - - - 61,680 92,014 5,791 210,801 - 535,412 213,489 - - 563,928 - 2,102,265 1,370,949 23,647 254,072 - 1,149,080 1,239,055 - 293 293 - 586 9,680 $ 2,525,504 $ 1,213,715 $ 1,629,668 $ 1,342,584 $ 30,677,776 $ 28,254,738 $ - $ 58,726 $ 309,289 $ 871 $ 978,966 $ 540,935 149,118 350,351 705 860,774 783,764 - - - - 13,683 40,090 4,529 19,890 50,035 740,032 517,762 - - - - 126,257 67,538 76,322 314,547 - 9,453,810 8,733,434 - - - - - 160,000 288,695 994,077 51,611 12,173,522 10,843,523 - - 62,464 - 485,559 297,302 293 293 - 586 9,680 23,647 - - 895,008 873,858 2,500,000 - - - 7,907,301 6,975,995 25,504 901,080 572,834 1,290,973 9,215,800 9,254,380 2,525,504 925,020 635,591 1,290,973 18,504,254 17,411,215 $ 2,525,504 $ 1,213,715 $ 1,629,668 $ 1,342,584 $ 30,677,776 $ 28,254,738 61 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31,2000) Social Public Works Conservation Fund Services Fund Trust Fund Contingent Fund REVENUES: Taxes: Taxes $ 7,125,708 $ 3,117,428 $ - $ 1,965,747 Licenses and permits 179,485 - - - Intergovernmental 9,489,602 10,686,991 361,050 - Charges for services 678,564 - - - Miscellaneous 194,139 123 1,479 - Total Revenues 17,667,498 13,804,542 362,529 1,965,747 EXPENDITURES: Current: Public Works 16,163,188 - - - Public health and welfare - 13,792,400 - - Culture and recreation - - 309,934 - Economic assistance - - - - Miscellaneous - - - - Capital outlay - - 5,706 - Intergovernmental 387,433 - - - Total Expenditures 16,550,621 13,792,400 315,640 - Excess of Revenues Over(Under) Expenditures 1,116,877 12,142 46,889 1,965,747 Other Financing Sources (Uses): Operating transfers-in - - - - Operating transfers-out 980,000 - - 1,700,000 Total Other Financing Sources(Uses) (980,000) - - (1,700,000) Excess of Revenue and Other Financing Sources Over(Under)Expenditures and Other Financing Uses 136,877 12,142 46,889 265,747 Fund Balances at Beginning of Year 6,211,409 3,369,337 476,946 2,607,819 Fund Balances at End of Year $ 6,348,286 $ 3,381,479 $ 523,835 $ 2,873,566 62 Human Totals Emergency Public Health Solid Waste Fund Fund Services Fund Fund 2001 2000 $ 90 $ - $ - $ - $ 12,208,973 $ 11,902,398 - 301,769 - - 481,254 510,580 - 1,624,311 9,269,833 - 31,431,787 27,903,514 - 573,775 606,566 1,217,518 3,076,423 2,659,733 - 37,087 183,877 - 416,705 237,434 90 2,536,942 10,060,276 1,217,518 47,615,142 43,213,659 - - - - 16,163,188 14,474,997 - 4,571,258 - - 18,363,658 15,977,424 - - - - 309,934 315,044 - - 9,551,834 - 9,551,834 8,322,697 - - - 123,362 123,362 2,908,085 - 15,505 289,641 - 310,852 197,809 - - - - 387,433 542,900 - 4,586,763 9,841,475 123,362 45,210,261 42,738,956 90 (2,049,821) 218,801 1,094,156 2,404,881 474,703 - 2,266,177 12,351 - 2,278,528 2,183,030 - - - 910,370 3,590,370 2,881,600 - 2,266,177 12,351 (910,370) (1,311,842) (698,570) 90 216,356 231,152 183,786 1,093,039 (223,867) 2,525,414 708,664 404,439 1,107,187 17,411,215 17,635,082 $ 2,525,504 $ 925,020 $ 635,591 $ 1,290,973 $ 18,504,254 $ 17,411,215 63 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Public Works Fund Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual REVENUES: Taxes: General property taxes $ 2,224,817 $ 2,097,572 $ (127,245) $ 2,097,988 Specific ownership taxes 5,197,000 5,046,407 (150,593) 4,411,444 Penalties& Interest $ - $ (18,271) $ (18,271) $ 1,157 Total Taxes 7,421,817 7,125,708 (296,109) 6,510,589 Licenses and Permits Moving permits $ 180,000 $ 179,485 $ (515) $ 181,730 Intergovernmental: Mineral leasing 40,000 155,261 115,261 152,323 Grazing act 40,000 4,815 (35,185) 31,097 Payment in lieu of taxes 40,000 52,619 12,619 51,328 Grants 2,019,660 955,270 (1,064,390) 659,490 Motor vehicle registration fees 300,000 308,151 8,151 300,220 Highway user tax fund 7,900,000 8,013,486 113,486 8,020,020 Total Intergovernmental 10,339,660 9,489,602 (850,058) 9,214,478 Charges for Services: Charges for services 150,000 678,564 528,564 252,796 Miscellaneous: Earnings on deposits - 31 31 60 Special assessments - 20,358 20,358 29,864 Miscellaneous 310,470 173,750 (136,720) 10,350 Gain on sale of assets - - - 500 Recovery of losses 1,000 - (1,000) - Total Miscellaneous 311,470 194,139 (117,331) 40,774 Total Revenues 18,402,947 17,667,498 (735,449) 16,200,367 64 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Public Works Fund Statement of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31,2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual EXPENDITURES Public Works Bridge construction 2,217,502 2,046,310 171,192 2,264,973 Maintenance of condition 2,793,889 2,621,706 172,183 2,434,081 Maintenance support 1,529,840 1,444,712 85,128 1,280,479 Trucking division 3,124,199 2,536,475 587,724 2,501,923 Mining division 1,237,873 1,217,933 19,940 1,189,902 Administration 643,790 615,643 28,147 569,501 Other public works 8,785,867 5,680,409 3,105,458 4,234,138 Total Public Works 20,332,960 16,163,188 4,169,772 14,474,997 Intergovernmental: Grants-in-aid to cities/towns 545,596 387,433 158,163 542,900 Capital outlay - - - 16,312 Total Expenditures 20,878,556 16,550,621 4,327,935 15,034,209 Other Financing Sources(Uses): Operating Transfers-Out: Motor Pool 980,000 980,000 - - Total Other Financing Sources(Uses) (980,000) (980,000) - - Excess of Revenues and Other Financing Sources Over(Under) Expenditures and Other Financing Uses (3,455,609) 136,877 3,592,486 1,166,158 Fund Balances at Beginning of Year 6,211,409 6,211,409 - 5,045,251 Fund Balances at End of Year $ 2,755,800 $ 6,348,286 $ 3,592,486 $ 6,211,409 65 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Social Services Fund Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual REVENUES Taxes: General property taxes $ 3,315,898 $ 3,117,428 $ (198,470) $ 3,140,373 Total Taxes 3,315,898 3,117,428 (198,470) 3,140,373 Intergovernmental: Welfare 7,189,290 10,686,991 3,497,701 9,264,117 Miscellaneous: Earnings on deposits - 123 123 40 Total Miscellaneous - 123 123 40 Total Revenues 10,505,188 13,804,542 3,299,354 12,404,530 EXPENDITURES Public Health and Welfare: Administrative - regular 1,850,000 2,402,812 (552,812) 7,001,085 Administrative- IV-D 1,330,000 1,239,327 90,673 1,133,142 Institutional care - - - 183,857 Food stamps - 10 (10) (13,977) Jobs - IV-F - - - 151,908 Employment first 272,000 514,694 (242,694) 129,732 General assistance 132,000 117,316 14,684 109,865 AB - - - 200 AFDC 1,485,083 1,476,029 9,054 280,235 AND - State 125,000 64,386 60,614 52,554 Child welfare 4,930,000 5,552,971 (622,971) 1,155,857 Day care 710,000 835,375 (125,375) 586,630 Medicaid transportation - 5,723 (5,723) 4,501 Non-contractual case services - - - 127,242 66 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Social Services Fund Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual EXPENDITURES (CONTINUED): OAP -A 10,000 98,251 (88,251) 12,120 Placement alternative care 1,252,500 1,373,774 (121,274) 858,407 Staff development - (788) 788 - Medical examinations - - - 4,820 Administrative- LEAP 83,600 112,520 (28,920) 82,700 LEAP- Program - - - 13,392 FEMA 45,000 - 45,000 15,941 Total Public Health and Welfare 12,225,183 13,792,400 (1,567,217) 11,890,211 Capital Outlay 56,000 - 56,000 64,304 Total Expenditures 12,281,183 13,792,400 (1,511,217) 11,954,515 Excess of Revenues and Other Financing Sources Over(Under) Expenditures and Other Financing Uses (1,775,995) 12,142 1,788,137 450,015 Fund Balances at Beginning of Year 3,369,337 3,369,337 - 2,919,322 Fund Balances at End of Year $ 1,593,342 $ 3,381,479 $ 1,788,137 $ 3,369,337 67 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Conservation Trust Fund Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual REVENUES Intergovernmental: State lottery $ 330,000 $ 361,050 $ 31,050 $ 358,802 Miscellaneous: Earnings on deposits 10,000 1,479 (8,521) 2,175 Charge for service - - - 21,500 Total Miscellaneous 10,000 1,479 (8,521) 23,675 Total Revenues 340,000 362,529 22,529 382,477 EXPENDITURES Culture and Recreation: Land improvements 309,934 309,934 - 315,044 Capital Outlay: Land improvements 30,066 5,706 24,360 - Total Expenditures 340,000 315,640 24,360 315,044 Excess of Revenues and Other Financing Sources Over(Under) Expenditures and Other Financing Uses - 46,889 46,889 67,433 Fund Balances at Beginning of Year 476,946 476,946 - 409,513 Fund balances at End of Year $ 476,946 $ 523,835 $ 46,889 $ 476,946 68 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Contingent Fund Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual REVENUES Taxes: General property taxes $ 2,100,000 $ 1,981,175 $ (118,825) $ 2,245,602 Penalties & Interest - (15,428) (15,428) 5,812 Total Revenues 2,100,000 1,965,747 (134,253) 2,251,414 EXPENDITURES Miscellaneous 4,450,000 - (4,450,000)Investment loss - - - 2,754,017 Total Expenditures 4,450,000 - (4,450,000) 2,754,017 Other Financing sources (Uses): Operating Transfers - Out: Other - 1,700,000 1,700,000 2,250,000 Total Other Financing (Uses) - (1,700,000) (1,700,000) (2,250,000) Excess of Revenues and Other Financing Sources over(Under) Expenditures and Other Financing Uses (2,350,000) 265,747 2,615,747 (2,752,603) Fund Balances at Beginning of Year 2,607,819 2,607,819 - 5,360,422 Fund Balances at End of Year $ 257,819 $ 2,873,566 $ 2,615,747 $ 2,607,819 69 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Emergency Fund Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual REVENUES Taxes: General property taxes $ - $ 98 $ 98 $ 13 Penalties & interest - (8) (8) 9 Total Revenues - 90 90 22 EXPENDITURES 2,500,000 - 2,500,000 - Other Financing Sources (Uses): Operating Transfers - In: Non-Departmental - - - - Total Other Financing Sources (Uses) - - - - Excess of Revenues and Other Financing Sources Over(Under) Expenditures and Other Financing Uses (2,500,000) 90 2,500,090 22 Fund Balances at Beginning of Year 2,525,414 2,525,414 - 2,525,392 Fund Balances at End of Year $ 25,414 $ 2,525,504 $ 2,500,090 $ 2,525,414 70 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Public Health Fund Statement of Revenues.Expenditures and Changes in Fund Balances-Budget and Actual For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31,2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual REVENUES Licenses and Permits Health licenses $ 330,600 $ 301,769 $ (28,831) $ 328,850 Intergovernmental: State grants 3,418,869 1,622,347 (1,796,522) 1,291,993 Federal grants - 1,964 1,964 - Counties 1,843,696 - (1,843,696) - Total Intergovemmental 5,262,565 1.624,311 (3,638,254) 1,291.993 Charges for Services: Charges for services 543,157 573.775 30,618 527,919 Clinic fees 4,037 - (4,037) - Total Charges for Services 547.194 573,775 26,581 • 527,919 Miscellaneous: Fees and fines - 163 163 431 Other 667 3,535 2,868 1,328 Donations 16,210 33,389 17.179 25,335 Total Miscellaneous 16,877 37.087 20,210 27,094 Total Revenues 6,157,236 2.536.942 (3,620,294) 2,175,856 EXPENDITURES Public Health and Welfare: Public health administration 204.873 147,516 57,357 12,765 Health education 760,260 440,911 319,349 296,354 Nursing 3,989,416 2,337.892 1,651,524 2,160.554 Environmental health 1,705,881 1,644,939 60.942 1.553.236 Total Public Health and Welfare 6,660,430 4,571.258 2,089,172 4,022.909 Capital Outlay: Health education 3,650 - 3,650 1,697 Nursing 12,675 15,505 (2,830) 10,144 Environmental health 20,900 - 20,900 42,551 Total Capital Outlay 37,225 15,505 21.720 54,392 Total Expenditures 6,697,655 4,586,763 2,110,892 4,077,301 Other Financing Sources(Uses): Operating Transfers-In: Nan Departmental 626.836 2.266,177 1,639,341 2,170,679 Total Other Financing Sources 626,836 2,266,177 1,639,341 2,170,679 Excess of Revenues and Other Financing Sources Over(Under)Expenditures and Other Financing Uses 86,417 216,356 129.939 269.234 Fund Balances at Beginning of Year 708,664 708,664 - 439,430 Fund Balance at End of Year $ 795,081 $ 925,020 $ 129,939 $ 708,664 71 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Human Services Fund Statement of Revenues,Expenditures and Changes in Fund Balances-Budget and Actual For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31,2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual REVENUES Intergovernmental: Federal grants $ 8,413,399 $ 8,279,940 $ (133,459) $ 6,904,990 State grants 1,185,000 989,893 (195,107) 869,134 Total Intergovernmental 9,598,399 9,269,833 (328,566) 7,774,124 Charges for Services: Charges for services 463,500 606,566 143,066 558,386 Fees - 22,769 22,769 - Total Charges for Services 463,500 629,335 165,835 558,386 Miscellaneous: Donations from private sources 123,000 135,400 12,400 132,652 Other revenue 20,000 25,708 5,708 34,699 Total Miscellaneous 143,000 161,108 18,108 167,351 Total Revenues 10,204,899 10,060,276 (144,623) 8,499,861 EXPENDITURES Economic Assistance: Human resources general fund - 9,267 (9,267) 61,268 Head start 2,665,000 2,617,854 47,146 2,141,046 Migrant head start 1,962,000 1,627,951 334,049 1,415,834 Preschool program 227,500 56,619 170,881 136,293 CAHP - - - 8,761 Job service 500,000 543,399 (43,399) 406,968 Summer job hunt 16,250 16,250 - 13,002 Jobs/New directions - 29,688 (29,688) - Employment first 177,000 154,643 22,357 163,321 YCPI 55,000 23,271 31,729 54,019 TANF 343,000 396,480 (53,480) 386,205 Welfare to work 275,000 241,507 33,493 139,707 School to career - 685 (685) 10,713 WlA administration 76,000 53,671 22,329 23,382 WIA adult programs 250,000 208,684 41,316 182,395 WlA youth programs 250,000 119,494 130,506 96,857 JTPA IIB - - - 36,194 JTPA closeout - - - 19,498 WIA planning - 28,983 (28,983) 19,292 WIA statewide activities 20,000 - 20,000 145 WIA dislocated worker 200,000 172,306 27,694 167,750 Human resources lab pool 155,000 140,481 14,519 125,079 Ul training program 118,000 85,606 32,394 117,550 One stop - 2,092 (2,092) 4,340 AAA administration 53,000 57,530 (4,530) 46,811 72 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Human Services Fund Statement of Revenues,Expenditures and Changes in Fund Balances-Budget and Actual For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31,2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual EXPENDITURES(CONTINUED): - - - - OAA title Ill-B 196,000 196,112 (112) 199,338 OAA title Ill-C1 congregate 342,000 357,267 (15,267) 335,644 OAA title 111-C2 51,000 45,768 5,232 50,106 OAA in home support - 3,829 (3,829) 3,548 Health services 15,000 7,266 7,734 5,718 AM elder abuse 2,500 1,151 1,349 4,283 AM ombudsman 2,000 2,339 (339) 4,375 Single entry point 420,000 410,615 9,385 372,617 JTPA older worker - - - 12,300 FTA 65,000 67,200 (2,200) 72,200 AAA case management 16,000 9,864 6,136 19,831 Transportation - - - 127 AAA state funds 185,000 236,579 (51,579) 79,484 Medicaid transportation 55,000 30,252 24,748 39,767 Supplemental foods 1,075,000 1,381,382 (306,382) 1,130,032 CSBG 250,000 215,749 34,251 216,897 Total Economic Assistance 10,017,250 9,551,834 465,416 8,322,697 Capital Outlay: Human resources general fund - - - 12,062 Migrant head start 200,000 289,641 (89,641) 99,506 AM administration - - - 1,400 Single entry point - - - 14,137 Total Capital Outlay 200,000 289,641 (89,641) 127,105 Total Expenditures 10,217,250 9,841,475 375,775 8,449,802 Other Financing Sources(Uses): Operating Transfers-In: OAA area agency 12,351 12,351 - 12,351 Total Other Financing Sources 12,351 12,351 - 12,351 Excess of Revenues and Other Financing Sources Over(Under)Expenditures and Other Financing Uses - 231,152 231,152 62,410 Fund Balances at Beginning of Year 404,439 404,439 - 342,029 Fund Balances at End of Year $ 404,439 $ 635,591 $ 231,152 $ 404,439 73 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Solid Waste Fund Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual REVENUES Landfill surcharge $ 1,150,000 $ 1,217,518 $ 67,518 $ 1,299,132 Total Revenues 1,150,000 1,217,518 67,518 1,299,132 EXPENDITURES Miscellaneous: Solid waste 466,773 89,039 377,734 119,511 Code enforcement 56,391 34,323 22,068 34,557 Total Miscellaneous 523,164 123,362 399,802 154,068 Capital Outlay: Code enforcement - - - - Total Expenditures 523,164 123,362 399,802 154,068 Other Financing Sources (Uses): Operating Transfers -Out: Health department 626,836 910,370 (283,534) 631,600 Total Other Financing Sources (Uses) (626,836) (910,370) (283,534) (631,600) Excess of Revenues and Other Financing Sources Over(Under) Expenditures and other Financing Uses - 183,786 183,786 513,464 Fund Balances at Beginning of Year - 1,107,187 1,107,187 593,723 Fund Balances at End of Year $ - $ 1,290,973 $ 1,290,973 $ 1,107,187 74 CAPITAL PROJECTS FUND i Capital Projects Funds are established to account for financial resources used for the acquistion or improvement of the capital facilities of the County. COUNTY OF WELD STATE OF COLORADO CAPITAL PROJECTS FUND EXPLANATION OF INDIVIDUAL FUND December 31, 2001 Capital Expenditures Fund: This fund accounts for various capital improvement projects on County property. 75 COUNTY OF WELD STATE OF COLORADO Capital Projects Fund Capital Expenditures Fund Balance Sheet December 31, 2001 (With comparative totals for December 31, 2000) 2001 2000 ASSETS Cash and short-term investments $ 3,726,867 $ 3,756,490 Receivables (net of allowance for uncollectibles): Current property taxes 8,005,555 2,525,000 Delinquent property taxes 11,103 8,466 Due from other County funds 1,800 2,111 Other assets - 36,500 Total Assets $ 11,745,325 $ 6,328,567 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 209,317 $ 109,209 Deferred revenue 8,016,658 2,533,465 Total Liabilities 8,225,975 2,642,674 Fund Balance: Reserved for encumbrances 77,908 446,675 Reserved for inventories - 36,500 Unreserved: Designated for future years'expenditures 3,441,442 2,510,000 Undesignated - 692,718 Total Fund Balance 3,519,350 3,685,893 Total Liabilities and Fund Balance $ 11,745,325 $ 6,328,567 76 COUNTY OF WELD STATE OF COLORADO Capital Projects Fund Capital Expenditures Fund Statement of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31,2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual REVENUES General property taxes $ 2,525,000 $ 2,380,036 $ (144,964) $ 2,498,321 Penalties&interest - (20,783) (20,783) 918 Total Taxes 2,525,000 2,359,253 (165,747) 2,499,239 Miscellaneous: Grant 550,000 550,000 - 530,000 Earnings on deposits 150,000 54,576 (95,424) 69,289 Miscellaneous - - - 722 Total Miscellaneous 700,000 604,576 (95,424) 600,011 Total Revenues 3,225,000 2,963,829 (261,171) 3,099,250 EXPENDITURES Capital Outlay: Buildings 8,928,348 5,430,372 3,497,976 3,726,595 Total Expenditures 8,928,348 5,430,372 3,497,976 3,726,595 Other Financing Sources(Uses): Operating Transfers- In: General Fund 600,000 600,000 - 541,800 Contingent Fund 1,700,000 1,700,000 - 1,350,000 Total Other Financing Sources 2,300,000 2,300,000 - 1,891,800 Excess of Revenues and Other Financing Sources Over(Under)Expenditures and Other Financing Uses (3,403,348) (166,543) 3,236,805 1,264,455 Fund Balance at Beginning of Year 3,685,893 3,685,893 - 2,421,438 Fund balance at End of Year $ 282,545 $ 3,519,350 $ 3,236,805 $ 3,685,893 77 #O, ‘ :1, Wilk COLORADO 78 ENTERPRISE FUND roi an raik I. Enterprise Funds are used to 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 of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. COUNTY OF WELD STATE OF COLORADO ENTERPRISE FUND EXPLANATION OF INDIVIDUAL FUND December 31, 2001 Ambulance Fund: This fund accounts for the ambulance services provided to Weld County. 79 COUNTY OF WELD STATE OF COLORADO Enterprise Fund Ambulance Fund Balance Sheet December 31, 2001 (With comparative totals for December 31, 2000) 2001 2000 ASSETS Cash and short-term investments $ 12,017 $ 11,413 Receivables (net of allowance for uncollectibles): Accounts 960,162 708,607 Due from other County funds 836 - Other assets 204 102 Total Current Assets $ 973,219 $ 720,122 Fixed Assets: Land 48,496 48,496 Improvements other than buildings 43,332 43,332 Buildings 656,305 660,677 Machinery and equipment 1,026,153 936,911 Accumulated depreciation (884,449) (785,717) Total Fixed Assets 889,837 903,699 Total Assets $ 1,863,056 $ 1,623,821 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts payable $ 32,815 $ 12,423 Accrued liabilities 260,878 224,222 Due to other County funds 100 11,313 Advances from general fund 885,000 635,000 Total Current Liabilities 1,178,793 882,958 Fund Equity: Contributed capital 108,059 108,059 Unreserved retained earnings 576,204 632,804 Total Fund Equity 684,263 740,863 Total Liabilities and Fund Equity $ 1,863,056 $ 1,623,821 80 COUNTY OF WELD STATE OF COLORADO Enterprise Fund Ambulance Fund Statement of Revenues, Expenses and Changes in Retained Earnings- Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31,2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual Operating Revenues: Rescue unit fees $ 5,840,000 $ 5,874,690 $ 34,690 $ 4,609,961 Total Operating Revenues 5,840,000 5,874,690 34,690 4,609,961 Operating Expenses: Bad debt expense 1,478,404 882,056 596,348 649,246 Personnel services 2,901,520 2,873,132 28,388 2,426,481 Supplies 169,817 200,410 (30,593) 149,778 Purchased services 444,445 1,515,878 (1,071,433) 1,319,895 Depreciation 189,644 170,141 19,503 186,371 Other 287,596 289,324 (1,728) 327,521 Total Operating Expenses 5,471,426 5,930,941 (459,515) 5,059,292 Operating Income(Loss) 368,574 (56,251) (424,825) (449,331) Nonoperating Revenues: State grants - 15,092 15,092 16,253 Other - 3,001 3,001 1,294 Gain (loss)on disposition of assets - (18,442) (18,442) 6,092 Total Nonoperating Revenues - (349) (349) 23,639 Net Income(Loss) 368,574 (56,600) (425,174) (425,692) Retained Earnings at Beginning of Year 632,804 632,804 - 1,058,496 Retained Earnings at end of Year $ 1,001,378 $ 576,204 $ (425,174) $ 632,804 81 d ;k7: Wine COLORADO 82 INTERNAL SERVICE FUNDS Internal Service Funds are established to account for goods and services provided to other departments of the County on a cost-reimbursement basis. COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 2001 Motor Vehicle Fund: This fund accounts for the revenue and costs generated by equipment and vehicles rented to the Public Works Fund and to various departments of other County funds. 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. 83 • COUNTY OF WELD STATE OF COLORADO Internal Service Funds Combining Balance Sheet December 31,2001 (With comparative totals for December 31, 2000) Motor Vehicle Health Fund Insurance Fund Insurance Fund ASSETS Current Assets: Cash and cash equivalents $ 2,764,820 $ 957,910 $ 2,546,037 Receivables (net of allowances for uncollectables): Current property taxes - - 550,000 Delinquent property taxes - - 2,446 Accounts 57,920 152 1,246 Due from other county funds 142,783 - 4,660 Inventories 18,429 - - Total current assets 2,983,952 958,062 3,104,389 Fixed assets: Land 2,041,713 - - Improvements other than buildings 247,756 - - Buildings 3,056,362 - - Machinery and equipment 19,156,620 - - Accumulated depreciation (13,000,915) - - Total Fixed Assets 11,501,536 - - Total assets $ 14,485,488 $ 958,062 $ 3,104,389 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts payable $ 242,305 $ 11,384 $ 169,752 Accrued liabilities - - 391,070 Due to other county funds 14,920 - 836 Deferred revenue - - 552,446 Unexpended grant revenue 238,500 - - Current portion of long-term debt - - - Total Current Liabilities 495,725 11,384 1,114,104 Long-term liabilities: Certificates of participation - - - Total Long-term Liabilities - - - Total Liabilities 495,725 11,384 1,114,104 Fund equity: Contributed capital 9,575,015 - - Retained earnings- unreserved 4,414,748 946,678 1,990,285 Total Fund Equity 13,989,763 946,678 1,990,285 Total Liabilities and Fund Equity $ 14,485,488 $ 958,062 $ 3,104,389 84 Totals Phone Services Weld Finance Fund Corporation 2001 2000 $ 622,141 $ 228,192 $ 7,119,100 $ 5,017,703 - 550,000 550,000 - 2,446 2,033 8,391 - 67,709 59,607 13,064 - 160,507 330,011 - 18,429 14,107 643,596 228,192 7,918,191 5,973,461 - 2,041,713 2,054,318 - 247,756 277,259 9,153,946 12,210,308 12,250,514 969,792 - 20,126,412 19,620,000 (741,004) (1,901,186) (15,643,105) (14,945,182) 228,788 7,252,760 18,983,084 19,256,909 $ 872,384 $ 7,480,952 $ 26,901,275 $ 25,230,370 $ 13,969 $ - $ 437,410 $ 199,939 8,681 - 399,751 406,027 - - 15,756 18,825 - - 552,446 552,034 - - 238,500 - - 555,000 555,000 310,000 22,650 555,000 2,198,863 1,486,825 - 7,125,310 7,125,310 7,678,665 - 7,125,310 7,125,310 7,678,665 22,650 7,680,310 9,324,173 9,165,490 576,745 - 10,151,760 10,151,760 272,989 (199,358) 7,425,342 5,913,120 849,734 (199,358) 17,577,102 16,064,880 $ 872,384 $ 7,480,952 $ 26,901,275 $ 25,230,370 85 COUNTY OF WELD STATE OF COLORADO Internal Service Funds Combining Statement of Revenues, Expenses and Changes in Retained Earnings For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31,2000) Motor Vehicle Health Fund Insurance Fund Insurance Fund Operating revenues: Contributions $ - $ 412,239 $ - Rental income - - - Charges for services 4,171,470 1,040 209,714 Total operating revenues 4,171,470 413,279 209,714 Operating expenses: Personnel services _ _ - Supplies 885,416 - (53) Purchased services 1,567,204 235,946 31,477 Insurance and bonds - - 203,042 Depreciation 1,715,713 - - Other 46,273 - 456 Claims - 216,115 541,882 Total operating expenses 4,214,606 452,061 776,804 Operating income(loss) (43,136) (38,782) (567,090) Nonoperating revenues(expenses): Taxes - - 511,234 Miscellaneous 653 - 236,063 Interest income - - - State Grant 64,406 - - Gain (loss)on disposition of assets 156,291 - - Judgements and damages 11,624 - 61,131 Net increase(decrease)in fair market value - - - Interest expense - - - Total nonoperating revenues(expenses) 232,974 - 808,428 Other Financing Source Operating transfers-in 1,021,940 - - Total operating transfers in (out) 1,021,940 - - Net income(loss) 1,211,778 (38,782) 241,338 Retained earnings beginning of year 3,202,970 985,460 1,748,947 Retained earnings at end of year $ 4,414,748 $ 946,678 $ 1,990,285 86 Phone Services Weld Finance Fund Corporation 2001 2000 $ - $ - $ 412,239 $ 381,557 726,812 726,812 721,131 858,839 - 5,241,063 4,859,143 858,839 726,812 6,380,114 5,961,831 119,577 - 119,577 116,469 18,127 1,644 905,134 825,859 507,273 661 2,342,561 2,153,697 - 203,042 234,868 94,857 289,374 2,099,944 2,049,136 35,625 - 82,354 57,768 - - 757,997 844,551 775,459 291,679 6,510,609 6,282,348 83,380 435,133 (130,495) (320,517) - - 511,234 540,962 - - 236,716 46,216 - 11,048 11,048 16,049 - - 64,406 - - - 156,291 226,525 - - 72,755 182,044 - (431,673) (431,673) (449,160) - (420,625) 620,777 562,636 - - 1,021,940 - - - 1,021,940 - 83,380 14,508 1,512,222 242,119 189,609 (213,866) 5,913,120 5,671,001 $ 272,989 $ (199,358) $ 7,425,342 $ 5,913,120 87 COUNTY OF WELD STATE OF COLORADO Internal Service Funds Combining Statement of Cash Flows For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31, 2000) Motor Health Vehicle Insurance Fund Fund CASH FLOWS FROM OPERATING ACTIVITIES Operating income (loss) $ ( 43,136) $ (38,782) Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation 1,715,713 0 Discount Accretion 0 0 Miscellaneous revenue 653 0 Change in assets and liabilities (Increase) decrease in receivables (17,384) 146 (Increase) decrease in inventories (4,322) 0 (Increase) decrease in other assets 152,829 0 Increase (decrease) in accounts payable 97,867 2,683 Increase (decrease) in accrued liabilities 0 0 Increase (decrease) in other liabilities 235,527 (127) Total adjustments 2,180,883 2,702 Net cash provided by (used for) operating activities 2,137,747 (36,080) CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Taxes 0 0 Cash transfers 1,021,940 0 Judgements/damages/losses 11,624 0 Net cash provided by (used for) noncapital Financing activities 1,033,564 0 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Interest paid on borrowings 0 0 Proceeds from sale of assets 282,885 0 Acquisition of capital assets (1,759,148) 0 Principal paid on long-term debt 0 0 Net cash used for capital and related Financing activities (1,476,263) 0 CASH FLOWS FROM INVESTING ACTIVITIES Interest on investments 0 0 Adjustment to fair market value 0 0 Net cash provided by (used for)investing Activities 0 0 Net Increase (Decrease) in Cash and Cash Equivalents 1,695,048 (36,080) Cash and Cash Equivalents at Beginning of Year 1,069.772 993,990 Cash and Cash Equivalents at End of Year $2,764,820 $ 957,910 88 Phone Weld Insurance Services Finance Totals Fund Fund Corporation 2001 2000 $ (567,090) $ 83,380 $ 435,133 $ (130,495) $ (320,517) O 94,857 289,374 2,099,944 2,049,136 O 0 1,646 1,646 3,538 236,063 0 0 236,716 46,216 3,112 5,611 0 (8,515) (9,423) 0 0 0 (4,322) 114 5,277 11,398 0 169,504 (133,463) 132,373 4,548 0 237,471 1,505 (2,841) (3,435) 0 (6,276) (3,851) 448 (5) 0 235,843 4,435 374,432 112,974 291,020 2,962,011 1,958,207 (192,658) 196,354 726,153 2,831,516 1,637,690 511,234 0 0 511,234 540,962 O 0 0 1,021,940 0 61,131 0 0 72,755 182,044 572,365 0 0 1,605,929 723,006 0 0 (431,673) (431,673) (449,160) 0 0 0 282,885 333,113 O (129,159) 0 (1,888,307) (2,287,158) O 0 (310,000) (310,000) (290,000) O (129,159) (741,673) (2,347,095) (2,693,205) O 0 11,047 11,047 16,050 O 0 0 0 0 0 0 11,047 11,047 16,050 379,707 67,195 (4,473) 2,101,397 (316,459) 2,166,330 554,946 232,665 5,017,703 5,334,162 $2,546,037 $ 622,141 $ 228,192 $7,119,100 $5,017,703 89 COUNTY OF WELD STATE OF COLORADO Internal Service Funds Motor Vehicle fund Statement of Revenues, Expenses and Changes in Retained Earnings- Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31,2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual Operating Revenues: Charges for services $ 2,259,274 $ 2,455,757 $ 196,483 $ 2,077,618 Miscellaneous 1,413,516 1,715,713 302,197 1,693,959 Total Operating Revenues 3,672,790 4,171,470 498,680 3,771,577 Operating Expenses: Supplies 556,662 885,416 (328,754) 804,414 Purchased services 1,796,383 1,567,204 229,179 1,391,071 Depreciation 1,856,516 1,715,713 140,803 1,673,038 Other 46,273 46,273 - 33,905 Total Operating Expenses 4,255,834 4,214,606 41,228 3,902,428 Operating income(loss) (583,044) (43,136) 539,908 (130,851) Nonoperating Revenues (Expenses): Miscellaneous - 653 653 3,010 State Grant - 64,406 64,406 - Gain (loss)on disposition of assets 96,700 156,291 59,591 226,525 Judgements and damages - 11,624 11,624 14,383 Total Nonoperating Revenues(Expenses) 96,700 232,974 136,274 243,918 Other Financing Source Operating transfers-in 1,021,940 1,021,940 - - Total operating transfers in (out) 1,021,940 1,021,940 - - Net Income(Loss) 535,596 1,211,778 676,182 113,067 Retained Earnings at Beginning of Year 3,202,970 3,202,970 - 3,089,903 Retained Earnings at End of Year $ 3,738,566 $ 4,414,748 $ 676,182 $ 3,202,970 90 COUNTY OF WELD STATE OF COLORADO Internal Service Funds Health Insurance Fund Statement of Revenues, Expenses and Changes in Retained Earnings - Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual Operating Revenues: Contributions $ 528,344 $ 413,279 $ (115,065) $ 382,567 Operating Expenses: Purchased services 351,500 235,946 115,554 204,368 Claims 176,844 216,115 (39,271) 197,815 Total Operating Expenses 528,344 452,061 76,283 402,183 Operating Income (Loss) - (38,782) (38,782) (19,616) Retained Earnings at Beginning of Year 985,460 985,460 - 1,005,076 Retained Earnings at End of Year $ 985,460 $ 946,678 $ (38,782) $ 985,460 91 COUNTY OF WELD STATE OF COLORADO Internal Service Funds Insurance Fund Statement of Revenues, Expenses and Changes in Retained Earnings - Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual Operating Revenues: Charges for services $ 200,000 $ 209,714 $ 9,714 $ 214,389 Operating Expenses: Supplies 700 (53) 753 - Purchased services 40,900 31,477 9,423 23,276 Insurance and bonds 250,000 203,042 46,958 234,868 Other 500 456 44 488 Claims 792,900 541,882 251,018 646,736 Total Operating Expenses 1,085,000 776,804 308,196 905,368 Operating Income (Loss) (885,000) (567,090) 317,910 (690,979) Nonoperating Revenues (Expenses): Taxes 550,000 516,658 (33,342) 541,515 Penalties & interest - (5,424) (5,424) (553) Miscellaneous 75,000 35,554 (39,446) 41,706 Other 200,000 200,509 509 1,500 Judgments and damages 60,000 61,131 1,131 167,661 Total Nonoperating Revenues (Expenses) 885,000 808,428 (76,572) 751,829 Net Income (Loss) - 241,338 241,338 60,850 Retained Earnings at Beginning of Year 1,748,947 1,748,947 - 1,688,097 Retained Earnings at End of Year $ 1,748,947 $ 1,990,285 $ 241,338 $ 1,748,947 92 COUNTY OF WELD STATE OF COLORADO Internal Service Funds Phone Service Fund Statement of Revenues, Expenses and Changes in Retained Earnings- Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual Operating Revenues: Charges for services $ 1,037,357 $ 858,839 $ (178,518) $ 872,167 Operating Expenses: Personnel services 127,605 119,577 8,028 116,469 Supplies 44,000 18,127 25,873 17,907 Purchased services 633,223 507,273 125,950 534,302 Depreciation 86,904 94,857 (7,953) 86,724 Other 35,625 35,625 - 23,375 Total Operating Expenses 927,357 775,459 151,898 778,777 Operating Income (Loss) 110,000 83,380 (26,620) 93,390 Retained Earnings at Beginning of Year 189,609 189,609 - 96,219 Retained Earnings at End of Year $ 299,609 $ 272,989 $ (26,620) $ 189,609 93 COUNTY OF WELD STATE OF COLORADO Internal Service Funds Weld Finance Corporation Statement of Revenues, Expenses and Changes in Retained Earnings - Budget and Actual For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31, 2000) 2001 Budget 2001 Actual 2001 Variance 2000 Actual Operating Revenues: Rental income $ 741,673 $ 726,812 $ (14,861) $ 721,131 Operating Expenses: Supplies - 1,644 (1,644) 3,538 Purchased services - 661 (661) 680 Depreciation 310,000 289,374 20,626 289,374 Total Operating Expenses 310,000 291,679 18,321 293,592 Operating Income (Loss) 431,673 435,133 3,460 427,539 Nonoperating Revenues (Expenses): Interest income - 11,048 11,048 16,049 Interest expense 431,673 431,673 - 449,160 Total Nonoperating Revenues(Expenses) (431,673) (420,625) 11,048 (433,111) Net Income (Loss) - 14,508 14,508 (5,572) Retained Earnings at Beginning of Year (213,866) (213,866) - (208,294) Retained Earnings at End of Year $ (213,866) $ (199,358) $ 14,508 $ (213,866) 94 TRUST AND AGENCY FUNDS Trust and Agency Funds are established to record transactions relating to assets held by the County in the capacity of trustee,custodian or agent for individual,governmental entities and non- public organizations. COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 2001 Expendable Trust Funds: Employee Flexible Spending Fund: 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 unreimbursed claims. Pension Trust Fund: Weld County Retirement Plan Fund: This fund accounts for the defined benefit retirement pension plan which covers substantially all permanent, full-time employees of Weld County. Agency Funds: General Agency Fund: This fund accounts 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. Emergency Telephone Service Fund: This fund accounts for the E-911 function in the County which services all emergency agencies of the County. 95 COUNTY OF WELD STATE OF COLORADO Trust and Agency Funds Combining Balance Sheet December 31,2001 (With comparative totals for December 31,2000) Expendable Pension Trust Trust Fund Fund Employee Flexible Weld County Spending Retirement ASSETS Cash and cash equivalents $ 57,103 $ - Accounts Receivables (net of allowances for uncollectables): 934 925 Due from other County funds - - Prepaid expense - - Restricted assets Cash - 741,272 Retirement plan investments - 79,562,589 Total assets $ 58,037 $ 80,304,786 LIABILITIES AND FUND EQUITY Accounts payable $ 58,037 $ 49,136 Due to other County funds - - Due to other governments - - Total Liabilities 58,037 49,136 Fund Equity: Reserved for employee pension benefits - 80,255,650 Unreserved and undesignated - - Total Fund Equity - 80,255,650 Total Liabilities and Fund Equity $ 58,037 $ 80,304,786 96 Agency Funds Totals Emergency Telephone General Agency Payroll Agency Service 2001 2000 $ 6,510,099 $ 416,944 $ 1,689,798 $ 8,673,944 $ 5,676,967 10,025 1,367 1,232 14,483 12,376 - - - - 1,778 - - - - 100 - - 741,272 1,611,696 - - 79,562,589 80,868,750 $ 6,520,124 $ 418,311 $ 1,691,030 $ 88,992,288 $ 88,171,667 $ 4,814 $ 418,311 $ 39,586 $ 569,884 $ 1,592,570 - - - - 32,348 6,515,310 - 1,651,444 8,166,754 5,284,699 6,520,124 418,311 1,691,030 8,736,638 6,909,617 - - - 80,255,650 74,091,851 - - - - 7,170,199 - - - 80,255,650 81,262,050 $ 6,520,124 $ 418,311 $ 1,691,030 $ 88,992,288 $ 88,171,667 97 COUNTY OF WELD STATE OF COLORADO Trust and Agency Funds Pension Trust Fund Statement of Changes in Plan Net Assets For the fiscal year ended December 31,2001 (With comparative totals for the fiscal year ended December 31, 2000) Weld County Retirement Plan 2001 2000 Additions: Employer contributions $ 1,925,094 $ 1,814,318 Employee contributions 2,098,172 2,023,488 Earnings on investments 2,914,465 7,211,746 Net depreciation in fair market value of investments (3,946,737) (4,674,109) Total Additions 2,990,994 6,375,443 Deductions: Actuarial/Trustee fees 159,665 239,319 Benefit payments 3,823,994 3,227,807 Supplies 3,796 5,305 Total Deductions 3,987,455 3,472,431 Increase(decrease)in net assets (996,461) 2,903,012 Net assets held in trust for pension benefits Beginning of the year 81,262,050 78,359,038 End of the year $ 80,265,589 $ 81,262,050 98 COUNTY OF WELD STATE OF COLORADO Trust and Agency Funds Expendable Trust Fund Statement of Revenues, Expenditures and Changes in Fund Blance For the fiscal year ended December 31, 2001 (With comparative totals for the fiscal year ended December 31, 2000) Employee Flexible Spending 2001 2000 Revenues: Contributions $ 390,471 $ 377,481 Expenditures: Reimbursements 390,471 377,481 Excess of Revenues Over (Under) Expenditures - - Fund Balance at Beginning of Year - - Fund Balance at End of Year $ - $ - 99 COUNTY OF WELD STATE OF COLORADO Trust and Agency Funds Statement of Changes in Assets and Liabilities All Agency Funds For the fiscal year ended December 31,2001 Balance Balance 01/01/01 Additions Deductions 12/31/01 GENERAL AGENCY FUND Assets: Cash and short-term investments $ 3,849,626 $ 7,380,211 $ 4,719,738 $ 6,510,099 Accounts receivable 9,939 68,825 68,739 10,025 Prepaid expenses 100 100 0 Total Assets $ 3,859,665 $ 7,449,036 $ 4,788,577 $ 6,520,124 Liabilities: Accounts Payable $ 4,694 $ 1,054,633 $ 1,054,513 4,814 Due to other governments 3,854,971 7,315,071 4,654,732 6,515,310 Total Liabilities $ 3,859,665 $ 8,369,704 $ 5,709,245 $ 6,520,124 PAYROLL AGENCY FUND Assets: Cash and short-term investments $ 355,595 $ 15,517,052 $ 15,455,703 $ 416,944 Accounts receivable 5 12,414 11,052 1,367 Due from other County funds 1,552 1,552 0 Total Assets $ 357,152 $ 15,529,466 $ 15,468,307 $ 418,311 Liabilities: Accounts payable $ 357,152 $ 15,611,037 $ 15,549,878 418,311 Total Liabilities $ 357,152 $ 15,611,037 $ 15,549,878 $ 418,311 EMERGENCY TELEPHONE SERVICE Assets: Cash and short-term investments $ 1,427,296 $ 2,440,757 $ 2,178,255 $ 1,689,798 Accounts receivable 2,432 1,232 2,432 1,232 Total Assets $ 1,429,728 $ 2,441,989 $ 2,180,687 $ 1,691,030 Liabilities: Accounts payable $ - $ 509,564 $ 469,978 39,586 Due to other governments 1,429,728 1,651,444 1,429,728 1,651,444 Total Liabilities $ 1,429,728 $ 2,161,008 $ 1,899,706 $ 1,691,030 TOTAL-ALL AGENCY FUNDS Assets: Cash and short-term investments $ 5,632,517 $ 25,338,020 $ 22,353,696 $ 8,616,841 Accounts receivable 12,376 82,471 82,223 12,624 Due from other County funds 1,552 0 1,552 0 Prepaid expenses 100 0 100 0 Total Assets $ 5,646,545 $ 25,420,491 $ 22,437,571 $ 8,629,465 Liabilities: Accounts payable $ 361,846 $ 17,175,234 $ 17,074,369 $ 462,711 Due to other governments 5,284,699 8,966,515 6,084,460 8,166,754 Total Liabilities $ 5,646,545 $ 26,141,749 $ 23,158,829 $ 8,629,465 100 GENERAL FIXED ASSETS ACCOUNT GROUP :y ��.., �\d v. v 1 . % � �\� � . . �. ; . . . : . . «� dA ��° : 3 r \ \ \ \ I \ \<UMIniI Investment in property and equipment, except Ur_ oftEPro @ary Funds, ar ed in the account group. COUNTY OF WELD STATE OF COLORADO General Fixed Assets Account Group Schedule of General Fixed Assets by Source December 31,2001 (With comparative totals as of December 31. 2000) GENERAL FIXED ASSETS: 2001 2000 Land $ 2.241.203 $ 2,489,635 Improvements other than buildings 4.017,242 3,678,733 Buildings 43.096,260 38,501,756 Leasehold improvements 0 29,596 Machinery and equipment 9.269.688 11.736.068 Construction in progress 86.487 108,649 Total Assets $58.710.880 556.544.437 INVESTMENTS IN GENERAL FIXED ASSETS BY SOURCE: General Fund $ 6,365.695 $ 7.953.303 Special Revenue Funds 1.991,071 2.324.715 Capital Projects Fund 50,354,114 46,150.309 Donations 0 116.110 Total Investments in General Fixed Assets $58.710.880 $56.544.437 101 COUNTY OF WELD STATE OF COLORADO General Fixed Assets Schedule of General Fixed Assets by Function and Activity December 31, 2001 (With comparative totals as of December 31, 2000) Land Equipment/ Construction Memorandum Totals Land Improv. Buildings Furniture In Progress 2001 2000 GENERAL GOVERNMENT: Office of the Board $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7,362 County Attorney 0 0 0 0 0 0 1,650 Clerk CO the Board 0 0 0 15,603 0 15,603 24,010 County Clerk 0 0 0 139,765 0 139,765 215,303 Elections 0 0 0 629,416 0 629,416 631,414 Treasurer 0 0 0 22,40] 0 22,407 32,555 Assessor 0 0 0 0 0 0 30,175 District Attorney 0 0 0 110,468 0 110,468 138,135 Finance 0 0 0 0 0 0 2,565 Accounting 0 0 0 8,966 0 0,966 8,966 Personnel 0 0 0 0 0 0 6,063 Planning 0 0 0 31,755 0 31,755 47,880 Buildings and Grounds 0 0 0 79,998 0 79,998 131,527 Data Processing 0 0 0 2,00],]63 0 2,00],]61 3,434,651 Capital Improvements 1,879,883 2,647,115 27,683,743 66,638 0 32,277,379 28,172,850 Printing and Supply 0 0 0 24,036 0 24,036 31,093 TOTAL GENERAL GOVERNMENT 1 1,8]9,883 1 2,64],115 1 21,683,743 1 3,136,813 1 0 $35,347,554 $32,916,199 PUBLIC SAFETY: Sheriff Administration 0 594,458 1,926,989 591,687 86,487 3,199,621 3,260,4]] Communications 43,474 0 380,089 3,740,883 0 4,164,446 4,389,896 County Coronet 0 0 0 0 0 0 1,338 Emergency Management 0 0 0 0 0 0 2,018 TOTAL PUBLIC SAFETY 43,4]4 594,458 2,307,0]8 4,332,5]0 86,487 ],364,067 7,653,729 PUBLIC WORKS: Roads and Bridges 0 180.096 2,838,5]8 10,050 0 3,020,724 2,905.]42 HEALTH AND WELFARE: Health 0 5,022 4,803,445 384,745 0 5,193,212 5,301,637 Public Welfare 1]0,310 30,982 3,210,114 1,262,991 0 4,682,405 4,709,659 TOTAL HEALTH AND WELFARE 170,310 36.004 8,021,559 1,647,736 0 9,8]5,61] 10,011,296 ECONOMIC ASSISTANCE: Housing 0 0 0 0,920 0 8,920 8,920 Human Services 147,328 334,281 1,083,825 ]3,932 I 1,639,366 1,55],888 TOTAL ECONOMIC ASSISTANCE 147,320 334,281 2,552 1,083,825 8 0 1,648,286 1,566,808 AUXILIARY SERVICES: Missile Park 0 130,656 37,05] 0 0 175,713 178,519 Extension Services 200 86,632 1,124,420 59,667 0 1,270,919 1,312,144 TOTAL AUXILIARY SERVICES 200 225,208 1,161,477 59,667 0 1,446,632 1,490,663 TOTAL GENERAL FIXED ASSETS $ 2,241,203 $ 4,017,242 $ 43,096,260 $ 9,269,688 $ 86 487 $58,710,880 $56,544,437 102 COUNTY OF WELD STATE OF COLORADO General Fixed Assets Schedule of Changes in General Fixed Assets by Function and Activity For the fiscal year ended December 31,2001 General General Fixed Assets Fixed Assets 01/01/01 Additions Deletions 12/31/01 GENERAL GOVERNMENT Office of the Board $ 7,362 $ 0 $ 7,362 $ 0 County Attorney 1,650 0 1,650 0 Clerk to the Board 24,010 0 8,407 15,603 County Clerk 215,303 10,600 86,138 139,765 Elections 631,414 0 1,998 629,416 Treasurer 32,555 0 10,148 22,407 Assessor 30,175 0 30,175 0 District Attorney 138,135 0 27,667 110,468 Finance 2,565 0 2,565 0 Accounting 8,966 0 0 8,966 Personnel 6,063 0 6,063 0 Planning 47,880 0 16,125 31,755 Buildings and Grounds 131,527 6,740 58,269 79,998 Data Processing 3,434,651 541,507 1,968,397 2,007,761 Capital Improvements 28,172,850 5,167,539 1,063,010 32,277,379 Printing and Supply 31,093 0 7,057 24,036 TOTAL GENERAL GOVERNMENT 32 916 199 5 726 386 3 295 031 35 347 554 PUBLIC SAFETY: Sheriff Administration 3,260,477 183,321 244,177 3,199,621 Communications 4,389,896 432,915 658,365 4,164,446 County Coroner 1,338 0 1,338 0 Emergency Management 2,018 0 2,018 0 TOTAL PUBLIC SAFETY 7 653 729 616 236 905 898 7 364 067 PUBLIC WORKS: Roads and Bridges 2 905 742 164 046 41 064 3 028 724 HEALTH AND WELFARE: Health 5,301,637 0 108,425 5,193,212 Public Welfare 4,709,659 0 27,254 4,682,405 TOTAL HEALTH AND WELFARE 10 011 296 0 135 679 9 875 617 ECONOMIC ASSISTANCE: Housing 8,920 0 0 8,920 Human Services 1,557,888 289,640 208,162 1,639,366 TOTAL ECONOMIC ASSISTANCE 1 566 80R 289 640 208 162 1 648 2R6 AUXILIARY SERVICES: Missile Park 178,519 0 2,806 175,713 Extension Services 1,312,144 5,706 46,931 1,270,919 TOTAL AUXILIARY SERVICES 1 490 663 5 706 49 737 1 446 632 TOTAL GENERAL FIXED ASSETS $ 56,544,437 $ 6,802,014 $ 4,635,571 $ 58,710,880 103 is :,ti Wine COLORADO 104 LONG-TERM DEBT ACCOUNT GROUP .O "raw+ _as istio_edslizr. Sick and vacation accrual and long term lease liabilities for Governmental Fund types are recorded in this account group. COUNTY OF WELD STATE OF COLORADO General Long-Term Debt Account Group Schedule of Long-Term Debt December 31, 2001 (With comparative totals for the fiscal year ended December 31,2000) 2001 2000 Amounts to be Provided for Retirement of General Long-Term Debt $ 1,637,598 $ 1,544,183 Liabilities: Vacation and sick-leave accrual $ 1,637,598 $ 1,544,183 105 COLORADO STATISTICAL SECTION + COUNTY OF WELD STATE OF COLORADO Tables Relating to Bonded Debt (Unaudited) December 31, 2001 NOTE: Weld County is without bonded debt and, accordingly, the following statistical tables are not presented: A. Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita - Last Ten Years B. Ratio of Annual Debt Service for General Bonded Debt to Total General Expenditures - Last Ten Years C. Revenue Bond Coverage - Last Ten Years 107 COUNTY OF WELD STATE OF COLORADO General Governmental Expenditures by Function (Unaudited) Last Ten Years General Public Public Public Health Year Government Safety Works &Welfare 1992 $ 8,851,711 $ 11,129,398 $ 12,923,390 $ 29,115,143 1993 9,240,852 12,316,998 12,406,610 30,368,869 1994 11,055,275 12,433,092 13,294,864 33,011,044 1995 10,592,856 12,987,458 14,566,805 30,821,874 1996 11,948,235 14,259,703 13,775,099 31,965,369 1997 12,174,652 15,080,985 16,287,124 30,211,705 1998 13,452,540 17,585,720 15,559,093 14,957,946 1999 14,278,671 18,403,498 16,157,879 17,353,948 2000 15,400,126 19,010,872 15,631,103 16,470,861 2001 16,538,017 20,130,604 17,459,766 18,657,053 General Revenue by Source (Unaudited) Last Ten Years Licenses Intergovernmental Year Taxes and Permits Revenue 1992 $ 24,932,140 $ 840,856 $ 39,972,645 1993 25,235,991 1,123,683 42,971,833 1994 26,840,523 1,196,030 43,606,733 1995 28,435,809 863,912 45,867,426 1996 31,314,756 1,007,453 43,123,798 1997 31,864,782 1,134,380 45,660,932 1998 33,494,276 1,765,997 29,766,176 1999 37,525,208 1,800,314 33,007,428 2000 39,665,850 2,201,549 33,294,534 2001 40,566,362 1,952,096 37,269,229 108 Auxiliary Capital Debt Intergovernmental Total Services' Outlay Service Expenditures Miscellaneous Expenditures $ 10,109,482 $ 4,507,019 $ 174,194 $ 809,896 $ 3,572,646 $ 81,192,879 8,737,127 1,919,586 315,046 667,306 3,756,189 79,728,583 8,313,101 5,006,189 181,228 678,046 4,439,223 88,412,062 8,860,831 3,594,276 154,507 522,232 7,861,329 89,692,168 7,063,067 6,077,085 107,963 559,388 2,330,118 88,077,027 8,159,490 6,574,292 289,363 486,365 1,154,747 90,418,723 8,715,697 8,331,072 479,925 526,430 1,073,351 80,681,774 8,530,670 5,816,222 440,714 566,169 1,263,079 82,810,850 8,924,471 5,345,901 585,199 542,900 5,302,664 87,214,097 10,152,137 6,955,244 540,174 387,433 1,442,444 92,262,872 Charges for Fines and Miscellaneous Services Forfeitures Revenue Fees Total Revenue $ 2,009,366 $ 34,275 $ 5,321,336 $ 2,850,764 $ 75,961,382 3,291,217 36,407 3,361,712 3,180,126 79,200,969 4,700,961 30,910 3,191,184 3,476,797 83,043,138 4,149,997 28,983 3,820,161 3,425,702 86,591,990 4,938,013 24,345 3,913,650 2,762,388 87,084,403 5,784,697 23,301 12,271,411 2,897,598 99,637,101 4,116,160 35,264 4,555,678 3,547,667 77,281,218 4,095,362 63,095 3,851,517 3,733,683 84,076,607 4,711,258 41,832 5,829,554 3,932,809 89,677,386 5,201,026 39,393 5,402,997 5,039,121 95,470,224 109 COUNTY OF WELD STATE OF COLORADO Property Value,Construction,Bank Deposits and Other Economic Indicators (Unaudited) Last Ten Years Value of Crop Property Value Estimated &Livestock Estimated Construction Bank Deposits Retail Sales Production Year value(millions) Building (millions) (millions) (millions) (thousands) (3) (2) (2) (I) (1) (1) 1992 $ 6,191.50 2,020 $ 42.00 $ 839.00 $ 1,555.00 $ 1,128 1993 7,176.40 2,348 57.30 803.76 1,789.50 1,275 1994 7,390.40 2,236 62.95 928.24 2,005.00 1,184 1995 7,930.17 1,614 45.37 1,006.86 2,007.00 1,205 1996 7,607.03 1,721 55.74 1,089.32 2,271.43 1,230 1997 8,582.62 1,773 70.75 1,244.73 2,446.70 1,287 1998 9,037.15 1,760 99.57 1,524.38 2,624.70 1,243 1999 9,524.87 2,087 117.44 1,582.80 2,835.70 1,292 2000 10,458.25 2,190 143.85 1,672.00 3,215.00 1,253 2001 13,858.62 2,180 148.43 1,784.00 3,522.00 1,269 110 COUNTY OF WELD STATE OF COLORADO Property Tax Levies and Collections (Unaudited) Last Ten Years Total Total Current Percent Delinquent Total Outstanding Levy Collection Original Tax of Levy Tax Tax Delinquent Year Year Levy Collections Collected Collections Collections Taxes 1992 1992 $ 23,752,395 $ 23,608,438 99.39 $ 104,726 $ 23,713,164 $ 886,342 1993 1993 23,773,780 23,653,525 99.49 60,584 23,714,109 978,926 1994 1994 24,920,742 24,793,121 99.49 65,403 24,858,524 905,474 1995 1995 27,473,515 27,308,264 99.40 64,220 27,372,484 781,720 1996 1996 29,618,111 29,460,936 99.47 121,172 29,582,108 457,518 1997 1997 29,246,805 28,843,296 98.62 91,804 28,935,100 355,254 1998 1998 32,543,342 32,222,578 99.01 108,995 32,331,573 316,323 1999 1999 34,162,938 34,094,225 99.80 68,396 34,162,621 34,795 2000 2000 35,976,391 35,788,843 99.48 115,279 35,904,122 24,565 2001 2001 38,774,962 38,275,747 98.71 116,397 38,392,144 94,468 COUNTY OF WELD STATE OF COLORADO Assessed and Estimated Actual Value of Property (Unaudited) Last Ten Years Real Property (I) Personal Property (2) Total Levy Assessed Estimated Assessed Estimated Assessed Estimated Year Value Actual Value Value Actual Value Value Actual Value 1992 $ 820,834,330 $ 5,724,088,773 $ 135,566,770 $ 467,471,621 $ 956,401,100 $ 6,191,560,394 1993 859,726,540 6,685,276,361 142,446,590 491,195,138 1,002,173,130 7,176,471,499 1994 958,849,570 6,836,859,318 160,423,580 553,184,759 1,119,273,150 7,390,044,077 1995 1,027,364,600 7,317,227,471 177,752,250 612,938,793 1,205,116,850 7,930,166,264 1996 987,014,993 6,971,201,156 184,390,364 635,828,841 1,171,405,357 7,607,029,997 1997 1,115,923,550 7,914,137,072 193,859,950 668,482,586 1,309,783,500 8,582,619,658 1998 1,177,632,350 8,344,493,359 200,869,820 692,654,552 1,378,502,170 9,037,147,911 1999 126,726,630 8,912,720,454 177,524,250 612,152,586 1,445,250,880 9,524,873,040 2000 1,394,937,800 9,843,021,051 178,415,510 615,225,897 1,573,353,310 10,458,246,948 2001 1,856,425,158 13,290,113,524 16,866,560 568,505,379 2,021,291,718 13,858,618,903 (1) Residential improved land and improvements at 12.86%of 1991 to June 30,1992 replacement costs as determined by State Law. (2)Commercial improved land,improvements,and personal property at 29%of 1989 to June 20,1990 replacement costs,as determined by State Law. (3)Total includes audit of oil and gas values understated by producers in 1990. (4)State assessed value is deducted from total assessed value as state property is not taxable. 111 COUNT OF WELD STATE OF COLORADO Property Tax Levies-Direct and Overlapping Governments (Unaudited) Last Ten Years Levy Collection School Junior Year Year Cities Districts County College Other Tax Levies 1992 1992 587.7900 762.5000 22.4600 5.9900 252.2400 1993 1993 595.7700 753.4200 22.4600 6.3400 242.3000 1994 1994 593.5000 747.4800 22.4600 6.3200 239.5300 1995 1995 575.8300 719.5700 22.0400 6.1000 220.5800 1996 1996 565.9900 694.2800 22.0400 6.3200 245.1200 1997 1997 541.6000 710.6200 22.0400 6.2500 237.1800 1998 1998 508.4700 724.6500 22.0400 6.3200 346.6200 1999 1999 522.1500 717.9800 22.0400 6.2500 346.5700 2000 2000 584.3330 711.4410 22.0380 6.3430 378.7480 2001 2001 481.3700 709.1990 22.0380 6.3510 372.3050 Tax Revenues 1993 1993 $ 6,107,177 $ 48,665,910 $ 23,752,395 $ 5,760,833 $ 7,747,251 1994 1994 6,155,382 48,258,097 23,773,780 6,118,008 7,099,152 1995 1995 6,243,780 49,387,551 24,920,742 6,376,268 7,479,307 1996 1996 6,705,795 52,888,144 27,473,515 6,988,393 8,514,042 1997 1997 7,599,166 56,390,200 29,675,966 7,714,651 9,992,187 1998 1998 8,094,430 61,343,860 29,306,985 7,520,384 9,654,639 1999 1999 9,174,205 67,344,547 32,608,877 8,397,821 10,629,365 2000 2000 9,712,451 70,210,998 34,162,938 8,656,280 11,301,823 2001 2001 10,420,562 73,480,134 36,053,130 9,161,765 14,289,800 2002 2002 11,587,957 77,187,212 38,846,297 9,750,575 14,687,733 The basis for the property tax rates is per$1,000 assessed valuation. 112 COUNTY OF WELD STATE OF COLORADO Special Assessment Collections (Unaudited) Last Ten Years Current Current Ratio of Total Assessments Assessments Collections Outstanding Year Due Collected To Amount Due Assessments 1992(1) $ 521,076 $ 521,076 100% $ 628,605 1993(2) 335,532 335,532 100% 679,639 1994(3) 213,990 213,990 100% 465,649 1995(3) 243,621 243,621 100% 222,028 1996(4) 92,291 92,291 100% 235,343 1997(3) 46,012 46,012 100% 189,331 1998(5) 57,017 57,017 100% 163,210 1999(3) 40,060 40,060 100% 123,150 2000(3) 31,136 31,136 100% 92,014 2001 (3) 30,334 30,334 100% 61,680 Notes: 1. Road 15 &84 Special Assessment of$357,600. Weld County Road 34 Special Assessment of$25,000. Weld County Road 32 Special Assessment of$25,000. 2. Weld County Road 8 Special Assessment of$114,000. Road 38$53,035,Johnson Subdivision$48,236,and Arrowhead Subdivision$171,294. 3. No new special assessments. 4. Roth Subdivision$86,456. Delwood Special Assessment$19,150. 5. Martin Brothers Special Assessment$30,896. 113 COUNTY OF WELD STATE OF COLORADO Computation of Legal Debt Margin (Unaudited) December 31, 2001 Assessed Value, 2001 $2,222,085,270 Debt Limit 3 Percent of Assessed Value 66,662,558 Amount of Debt Applicable to Limit: Total Bonded Debt $ 0 Installment Purchase Agreements 0 Total Amount of Debt Applicable to Debt Limit 0 Legal Debt Margin $ 66,662,558 Debt Limitation: Under Section 30-35-201, Colorado Revised Statutes, 1973, the County may incur indebtedness for general County purposes in an amount not to exceed 3% of assessed valuation of all taxable property. 114 COUNTY OF WELD STATE OF COLORADO Demographic Statistics (Unaudited) Last Ten Years Estimated Total Per Median Population Housing Year Population Median Age Personal Income_ Capita Income Family Income Per Household Units 1992 137,621 ** $2,219,278,000 $ 16,315 ** ** ** 1993 141,492 ** 2,486,014,000 17,714 ** ** *4 1994 140,320 ** 2,568,335,000 17,776 36,296 2.68 54,551 1995 146,643 32.00 2,739,133,000 18,475 40,524 2.68 56,207 1996 149,332 32.30 2,930,552,000 19,328 41,693 2.68 56,849 1997 154,930 32.50 3,116,653,000 20,038 41,704 2.73 57,618 1998 157,873 32.80 3,281,629,000 20,209 40,561 2.70 59,592 1999 162,253 33.10 3,471,677,000 21,723 43,301 2.70 61,488 2000 180,936 30.90 3,766,371,000 23,839 46,115 2.78 66,194 2001 *184,913 32.20 4,009,564,000 25,672 47,900 2.70 67,396 Source: Greeley/Weld Economic Development Office(EDAP) *Actual not available-Information is estimated **Information is not available 115 COUNTY OF WELD STATE OF COLORADO Principal Taxpayers (Unaudited) December 31, 2001 Percent 2000 Of Total Assessed Assessed Valuation Valuation Kerr-McGee Rocky Mountain Corp 261,979,140 11.79% Patina Oil & Gas Corporation 157,553,630 7.09% Public Service Company of Colorado 80,430,700 3.62% Pancanadian Energy Resources Inc 50,191,540 2.26% Eastman Kodak Company 48,823,360 2.20% Prima Oil & Gas Company 34,402,910 1.55% Southwestern Production 29,142,750 1.31% Qwest Corp FKA US West 22,286,490 1.00% Thermo Cogeneration Partnership 20,212,500 0.91% Duke Energy Field Services, Inc 16,960,860 0.76% $721,983,880 32.49% 116 COUNTY OF WELD STATE OF COLORADO Miscellaneous Statistics (Unaudited) December 31, 2001 1. Date of Incorporation: 1861 2. Form of Government: Home Rule Charter 3. Date Present Charter Adopted: January 1, 1976 4. Area - Square Miles: 4,004 square miles 5. County Seat: City of Greeley 6. Employees as of December 31, 2001: Elected Officials - 10 Department Heads - 10 Employees with Benefits - 1046 Employees without Benefits - 169 7. Miles of Roads: Paved - 665.00 Unpaved - 2483.69 Unmaintained - 253.66 No. of 8. Building Permits: Year Permits Valuation 1992 2,020 $ 42,051,597 1993 2,348 $ 57,367,465 1994 2,236 $ 62,952,384 1995 1,614 $ 45,372,470 1996 1,721 $ 55,739,785 1997 1,773 $ 70,754,537 1998 1,760 $ 99,568,712 1999 2,087 $117,443,469 2000 2,190 $143,856,324 2001 2,180 $148,426,374 9. Motor Vehicle Registration: 1992 177,298 1993 187,638 1994 211,713 1995 247,579 1996 254,312 1997 257,445 1998 261,495 1999 273,191 2000 278,727 2001 294,019 10. Special Districts within County: 31 - Cities and Towns 17 - Schools 22 - Fire 19 - Water & Other 2 - Colleges 10 - Sanitation 11. Cities and Towns: Ault Garden City Longmont Brighton Gilcrest Mead Broomfield Greeley Milliken Dacono Grover Northglenn Eaton Hudson Nunn Erie Johnstown Pierce Evans Keensburg Platteville Firestone Kersey Raymer Frederick LaSalle Severance Ft. Lupton Lochbuie Windsor Thornton 12. Recreation: Golf Courses - 5 City and Regional Parks Island Grove Recreational Complex Greeley Recreation Center 117 COUNTY OF WELD STATE OF COLORADO Miscellaneous Statistics - Continued (Unaudited) December 31. 2001 13. Libraries: Ault Town Library 29,565 Volumes Eaton Library 13.007 Volumes Fort Lupton Library 37,275 Volumes Glen A. Jones Library 17,991 Volumes Hudson Library 12.173 Volumes Platteville Library 18.274 Volumes University of No. CO 1,038.768 Volumes Weld Library District 263.073 Volumes Windsor Public Library 46.979 Volumes 14. Elections: Number of Number Percent of Registered of Votes Registered Voters Cast Voters Voting 1993 Coordinated Election 64.161 25.044 39.0 1994 General Election 69.887 41.075 58.8 1995 Coordinated Election 67.572 21,882 32.4 1996 General Election 78,700 55.313 70.3 1997 Coordinated Election 83.856 22.745 27.1 1998 General Election 91.156 47,212 51.8 1999 Coordinated Election *60,536 21,989 36.3 2000 General Election *80.041 65.317 81.6 2001 Coordinated Election *79.289 22.422 28.3 *number of active registered voters 15. Media: Newspapers: The Greeley Tribune Town & Country News Aims College World The Mirror (UNC) North Weld Herald Farmer & Miner South Weld Sun Johnstown Breeze Ft. Lupton Press Platteville Herald Windsor Beacon Erie Echo Ft. Morgan Times LaSalle Leader Platte Valley Voice The Centennial News Radio Stations: KFKA/KVVS KGRE/KHNC KUAD NI & FM KUNC FM Television: Receives commercial and public television originating from both Denver and Cheyenne stations: also cable television. 16. Sales Tax as of December 31. 2001: State - 3% Source: Weld County offices. Individual Libraries 118 COUNTY OF WELD STATE OF COLORADO Insurance In Force (Unaudited) December 31, 2001 Policy Policy Period Details of Annual Name of Company Number Begins Expires Coverage Liability Limits Premium Midwest Employers 2392-SO-CO 01/01/01 12/31/01 Excess Worker's Employer's Liability Casualty Company Compensation $1,000,000/Accident workers Compensation Statutory Limits with County Retaining First $300,000 each claim $ 21,145 St.Paul Fire and Marine GP09100425 07/01/01 12/31/01 Property Damage, Property: $50,000,000/ Insurance Company Automobile Occupancy/$500 Deductible (Colorado Counties Liabilities All Liability: $250,000/ Casualty & Property General Liability, Person: $600,000/Claim Pool) Public Officials Excess Liability: (Federal and Out-of-State Only) $1,750,000/Person Excess $250,000: St.Paul Fire and Marine GP09100426 Excess Casualty $600,000/Claim , Excess $$400,00000 Insurance Company Crime: $150,000/Loss (Colorado Counties & Property $500 Deductible Casualty P Y Property Claim Pool) County retaining first $149,748 $125,000 each claim St.Paul Fire and Marine 0P09100425 Boiler & Machinery Insurance Company (Colorado Counties Casualty & Property Pool) 119 COUNTY OF WELD STATE OF COLORADO Salaries of Principal Officials (Unaudited) December 31,2001 ELECTED OFFICIALS: Commissioners $ 56,000 Clerk & Recorder $ 56,000 Treasurer $ 56,000 Assessor $ 56,000 Sheriff $ 64,000 District Attorney $ 100,000 County Coroner $ 56,000 APPOINTED: County Attorney $ 131,250 Director of Planning $ 107,191 Director of Finance and Administration $ 179,053 Director of General Services/ Purchasing/Personnel $ 129,902 Director of Ambulance Services $ 101,045 Director of Social Services $ 108,277 Director of Health Department $ 155,275 Director of Human Services $ 112,013 Controller $ 109,341 Public Works Operations Manager $ 75,138 Public Works Director $ 110,924 Surety Bond Coverage for Principal Officials (Unaudited) December 31, 2001 District Attorney $ 5,000 Commissioner $ 25,000 Treasurer $ 250,000 Sheriff $ 20,000 Assessor $ 6,000 Coroner $ 25,000 County Clerk $ 25,000 County Clerk (Titles & Deeds) $ 5,000 Director of Finance and Administration $ 100,000 Note: All bonds are issued by the St. Paul Insurance Company and are on file with the Weld County Clerk and Recorder. 120 COUNTY OF WELD STATE OF COLORADO Private Purpose Revenue Bonds (Unaudited) December 31, 2001 INDUSTRIAL REVENUE BONDS: DEBT REVENUE BONDS TYPE OF ISSUE OUTSTANDING OUTSTANDING ISSUER FACILITY AMOUNT DATE BEGINNING YR. ISSUED RETIRED END OF YR. Monfort Inc. $ 4,100,000 1/92 $ 4,100,000 $ 0 $ 4,100,000 $ 0 Waste Service Corp Landfill 860,000 2/91 610,000 0 40,000 570,000 Waste Service Corp Landfill 2,500,000 2/91 1,855,000 0 105,000 1,750,000 RVNA Home Care Srv. Inc Office 501,000 7/97 463,236 0 13,278 449,958 MAK Group, LLC Mfg 1,345,000 6/01 0 1,345,000 0 1,345,000 Greeley Center for Therapeutic Independence, Inc. Ctr 1,350,000 8/96 1,189,167 0 44,264 1,144,903 Centennial Area Health Ed Central Office 388,000 5/99 373,521 0 9,896 363,625 GSSLB Assoc. Nursing Nursing Home Home 2,020,000 10/98 1,970,000 0 50,000 1,920,000 TOTAL PRIVATE PURPOSE REVENUE BONDS $10,560,924 $1,345,000 $4,362,438 $ 7,543,486 121 COUNTY OF WELD STATE OF COLORADO Computation of Overlapping Bonded Debt General Obligation Bonds December 31, 2001 Net General Obligation Percentage Amount Bonded Debt Applicable to Applicable to Jurisdiction Outstanding Government Government Cities & Towns $ 31,002,166 100.00% $ 31,002,166 Schools 434,291,275 42.06% 182,680,312 Special Districts 35,417,040 88.20% 31,239,145 Total Overlapping $ 500,710,481 $ 244,921,623 122 COMPLIANCE SECTION �Iif„, 9il 1 I,I,I,I I1I1I IIlIT I FriTiT itypIti it ANDERSON &WHITNEY, P.C. AI dERSVI J CERTIFIED PUBLIC ACCOUNTANTS AND BUSINESS ADVISORS 5801 West 11th Street,Suite 300 ©WHITINE� Greeley,Colorado 80634-4813 Pc (970)352-7990 • FAX(970)352-1855 • • • • • Website: awhitney.com R@port on Compliance and on Internal Control Over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Board of County Commissioners Weld County, Colorado We have audited the financial statements of Weld County as of and for the year ended December 31, 2001, and have issued our report thereon dated May 24, 2002. We conducted our audit in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Compliance As part of obtaining reasonable assurance about whether Weld County's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws,regulations,contracts,and grants,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 that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing our audit, we considered Weld County's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the general purpose financial statements and not to provide assurance 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 over financial reporting that might be material weaknesses. A material weakness is a 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 in amounts that would be material in relation to the general purpose 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 dated May 24, 2002. 123 MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC PRACTICE SECTION-AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED,INC. Board of County Commissioners Weld County, Colorado Page 2 This report is intended 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. r—C J L"7Hud, . C May 24, 2002 124 ANDERSON &WHITNEY, P.C. EJZSON CERTIFIED PUBLIC ACCOUNTANTS AND BUSINESS ADVISORS 5801 West 11^Street,Suite 300 AMIN Greeley,Colorado 80634-4813 EYc (970)352-7990 ■ FAX(970)352-1855 • • • • • Website: awhitney.com Report on Compliance with Requirements Applicable to Each Major Program and Internal Control Over Compliance in Accordance with OMB Circular A-133 Board of County Commissioners Weld County, Colorado Compliance We have audited the compliance of Weld County 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, 2001. Weld County'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;the standard 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 Nonprofit 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'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's compliance with those requirements. In our opinion, Weld County 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, 2001. Internal Control Over Compliance The management of Weld County is responsible for establishing and maintaining effective internal control over compliance with requirements of laws, regulations, contracts, and grants applicable to federal programs. In planning and performing our audit,we considered Weld County'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. 125 MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC PRACTICE SECTION-AICPA DIVISION FOR CPA FIRM ACCOUNTING FIRMS ASSOCIATED,INC. Board of County Commissioners Weld County, Colorado Page 2 • 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 condition in which the design or operation of one of 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 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 for the information and use of management, federal awarding agencies, and pass-through entities, and should not be used by anyone other than these specified parties. 6 w w(. , P C May 24, 2002 126 COUNTY OF WELD STATE OF COLORADO Schedule of Expenditures of Federal Awards For the Fiscal Year Ended December 31, 2001 Federal Granting Agency/Recipient State Agency Federal Grant Program CFDA # Expenditures DEPARTMENT OF AGRICULTURE: Pass Through Payments from the State of Colorado Department of Human Services: Food Stamp Program 10.551 $4,408,235 Child and Adult Care Food Program 10.558 223,034 State Administrative Matching Grants 10.561 560,343 for Food Stamp Program Commodity Supplemental Food Program 10.565 1,381,382 Food Distribution (Cash in lieu of commodities) 10.550 173,990 Emergency Food Assistance Program (Admin. Costs) 10.568 18,147 Senior Nutrition 10.570 59,223 Total Department of Agriculture 6,824,354 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT: Direct Payments: Section 8 Rental Certificate Program 14.871 16,509 Section 8 Rental Voucher Program 14.871 2,310,960 Total Department of Housing and Urban Development 2,327,469 DEPARTMENT OF THE JUSTICE: Pass Through Payments from the State Division of Criminal Justice: Juvenile Justice & Delinquency Prevention- 16.540 64,613 Allocation to States Crime Victim Assistance 16.575 27,609 Crime Victim Compensation 16.576 97 Local Law Enforcement Block Grant 16.592 61,869 Total Department of Justice 154,188 DEPARTMENT OF LABOR AND EMPLOYMENT: Pass Through Payments from the Colorado Department of Labor and Employment: Employment Service 17.207 549,037 Welfare to Work Grants 17.253 240,517 Disabled Veterans' Outreach Program (DVOP) 17.801 1,671 127 COUNTY OF WELD STATE OF COLORADO Schedule of Expenditures of Federal Awards For the Fiscal Year Ended December 31, 2001 Federal Granting Agency/Recipient State Agency Federal Grant Program CFDA # Expenditures Pass Through Payments from the State of Colorado Workforce Investment Act Workforce Investment Act 17.255 $334,955 Workforce Investment Act - Administration 17.258 110,701 Workforce Investment Act - Youth 17.259 74,843 Workforce Investment Act - Dislocated Worker 17.260 58,938 Total Department of Labor and Employment 1,370,662 DEPARTMENT OF TRANSPORTATION: Pass Through from the Colorado Transportation: Federal Transit Capital & Operating 20.507 67,200 State & Community Highway Safety 20.600 89,969 Total Department of Transportation 157,169 DEPARTMENT OF HEALTH AND HUMAN SERVICES: Direct Payments: Head Start 93.600 4,281,369 Pass Through Payments from the State of Colorado Department of Human Services: Special Programs for the Aging - Title III 93.044 240,913 Part B - Grants for Supportive Services & Senior Centers Special Programs for the Aging - Title III 93.045 201,150 Part C - Nutrition Services Special Programs for the Aging - Title VII 93.041 1,151 Chapter 3 - Prevention of Abuse, Neglect & Exploitation of Older Individuals Special Programs for the Aging - Title VII Chapter 2 - Long-term Care Ombudsman Services 93.042 2,339 for Older Individuals Special Programs for the Aging - Title III Part F - Disease Preventive and Health Promotion Serv. 93.043 11,095 Refugee and Entrant Assistance 93.556 35 State Administered Programs Temporary Assistance for Needy Families 93.558 3,758,812 Child Support Enforcement 93.563 868,632 Low Income Home Energy Assistance 93.568 1,599,225 Independent Living 93.674 68,536 128 COUNTY OF WELD STATE OF COLORADO Schedule of Expenditures of Federal Awards For the Fiscal Year Ended December 31, 2001 Federal Granting Agency/Recipient State Agency Federal Grant Program CFDA # Expenditures Child Care Mandatory & Matching Funds 93.596 $2,469,598 of the Child Care and Development Fund Child Care and Development Block Grant 93.575 (940,500) Child Welfare Services - State Grants 93.645 143,062 Title IV-E, Foster Care 93.658 1,175,691 Adoption Assistance 93.659 286,533 Social Services Block Grant 93.667 1,714,449 Medical Assistance Program 93.778 2,441,049 Pass through from State Department of Health Care Policy 93.778 218,890 and Finance for EPSDT Pass Through from the Department of Local Affairs: Community Services Block Grant 93.031 215,749 Pass Through Payments from the State Department of Health: Air Pollution Control Program Support 66.605 15,363 Performance Partnership Grant 66.606 241 Capitalization Grants for State Revolving Fund 66.458 1,400 TB Control Programs 93.116 9,382 Family Planning Services 93.217 71,737 Abstinence Education 93.235 42,227 Immunization Grants 93.268 29,423 Immunization/Vaccine Non-cash assistance 93.268 186,190 Breast and Cervical Cancer Early Detection Programs 93.919 28,257 HIV Prevention Activities 93.940 16,090 Sexually Transmitted Diseases Control Grants 93.977 3,415 Centers for Disease Control & Prevention 93.283 30,258 Preventive Health & Health Services Block Grant 93.991 19,324 Maternal & Child Health Services Block Grant to the States 93.994 287,806 Diabetes 93.988 5,000 Miscellaneous N/A (9,376) Total Department of Health and Human Services 19,494,515 TOTAL FEDERAL EXPENDITURES L $30,328,357 (See Notes to Schedule of Expenditures of Federal Awards) 129 COUNTY OF WELD STATE OF COLORADO Notes to Schedule of Expenditures of Federal Awards For the Fiscal Year Ended December 31, 2001 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 Nonmonetary assistance is reported in the schedule at the fair market value of the commodities distributed during the year. At December 31, 2001, the County had food commodities totaling $254,072 in inventory, with a corresponding amount reported as deferred revenue to be realized when distributed. Note 3 - Subrecipient The County does not have any significant subrecipients. 130 WELD COUNTY, COLORADO SCHEDULE OF FINDINGS AND QUESTIONED COSTS Year Ended December 31, 2001 SUMMARY OF AUDITORS' RESULTS D Type of report issued on financial Unqualified statements D Type of report issued on major programs Unqualified Audit findings disclosed None D Major programs Food Stamp Program 10.551 Food Stamp Administration 10.561 Medicaid Title XIX 93.778 Low Income Energy Assistance Program 93.568 Foster Care 93.658 Social Services Block Grant 93.667 Housing Vouchers 14.871 Child Care 93.575, 93.596 Dollar threshold between Type A and Type B programs $909,880 D Low-risk auditee No FINDINGS RELATED TO FINANCIAL STATEMENTS None Reported FINDINGS AND QUESTIONED COSTS RELATED TO FEDERAL AWARDS D None Reported 131 WELD COUNTY, COLORADO SUMMARY SCHEDULE OF PRIOR YEAR AUDIT FINDINGS Year Ended December 31, 2001 SUMMARY OF PRIOR AUDIT FINDINGS D MATERIAL WEAKNESS IN INTERNAL CONTROL An effective system of internal control should have processes and procedures so that any accounting differences or potential discrepancies are promptly identified and resolved. Our audit work in the Weld County Treasurer's Office noted an incomplete reconciliation process between the investment management system and the Treasurer's general ledger system, as well as an inadequate segregation of duties in some areas. As a result, the investment management system cannot be completely reconciled to the Treasurer's general ledger. Numerous unresolved reconciling items and bank deposit differences were noted at year-end. We recommend a complete reconciliation system be designed and performed on a timely basis. Also,certain cash handling functions should be further segregated and the investment management function should be separated from the investment accounting system. D Resolution Status: The Treasurer's Office has been reorganized and reconciliation processes have been strengthened. Segregation of duties has been improved and an additional accounting employee has been approved and hired. An unresolved matter is a distribution to a taxing district in January 2001 which appears to be in excess of the district's account balance at December 31, 2000. We recommend this matter be further analyzed, communicated, and resolved. 132 ANDERSON &WHITNEY, P.C. ERSON CERTIFIED PUBLIC ACCOUNTANTS AND BUSINESS ADVISORS 5801 West 11"Street,Suite 300 ©WIhITNE I/ / Greeley,Colorado 80634-4813 (970)352-7990 • FAX(970)352-1855 ■ ■ ■ ■ ■ Website: awhitney.com Report on Compliance and on Internal Control Over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Board of County Commissioners Weld County, Colorado We have audited the financial statements of Weld County as of and for the year ended December 31, 2001, and have issued our report thereon dated May 24, 2002. We conducted our audit in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Compliance As part of obtaining reasonable assurance about whether Weld County's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws,regulations,contracts,and grants,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 that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing our audit, we considered Weld County's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the general purpose financial statements and not to provide assurance 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 over financial reporting that might be material weaknesses. A material weakness is a 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 in amounts that would be material in relation to the general purpose 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 dated May 24, 2002. 123 MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC PRACTICE SECTION-AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED,INC. Board of County Commissioners Weld County, Colorado Page 2 This report is intended 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. 'BUJ M1 -d-J l • c . May 24, 2002 124 ANDERSON &WHITNEY, P.C. ERSON CERTIFIED PUBLIC ACCOUNTANTS AND BUSINESS ADVISORS , ,V 5801 West 11th Street,Suite 300 EDWIN Greeley,Colorado 80634-4813 Y,c (970)352-7990 ■ FAX(970)352-1855 ■ ■ ■ . ■ Website: awhitney.com Report on Compliance with Requirements Applicable to Each Major Program and Internal Control Over Compliance in Accordance with OMB Circular A-133 Board of County Commissioners Weld County, Colorado Compliance We have audited the compliance of Weld County 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, 2001. Weld County'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; the standard 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 Nonprofit 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'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's compliance with those requirements. In our opinion, Weld County 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, 2001. Internal Control Over Compliance The management of Weld County is responsible for establishing and maintaining effective internal control over compliance with requirements of laws, regulations, contracts, and grants applicable to federal programs. In planning and performing our audit,we considered Weld County'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. 125 MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC PRACTICE SECTION-AICPA DIVISION FOR CPA FIRM ACCOUNTING FIRMS ASSOCIATED,INC. Board of County Commissioners Weld County, Colorado Page 2 • 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 condition in which the design or operation of one of 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 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 for the information and use of management, federal awarding agencies, and pass-through entities, and should not be used by anyone other than these specified parties. C L , P May 24, 2002 126 COUNTY OF WELD STATE OF COLORADO Schedule of Expenditures of Federal Awards For the Fiscal Year Ended December 31, 2001 Federal Granting Agency/Recipient State Agency Federal Grant Program CFDA # Expenditures DEPARTMENT OF AGRICULTURE: Pass Through Payments from the State of Colorado Department of Human Services: Food Stamp Program 10.551 $4,408,235 Child and Adult Care Food Program 10.558 223,034 State Administrative Matching Grants 10.561 560,343 for Food Stamp Program Commodity Supplemental Food Program 10.565 1,381,382 Food Distribution (Cash in lieu of commodities) 10.550 173,990 Emergency Food Assistance Program (Admin. Costs) 10.568 18,147 Senior Nutrition 10.570 59,223 Total Department of Agriculture 6,824,354 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT: Direct Payments: Section 8 Rental Certificate Program 14.871 16,509 Section 8 Rental Voucher Program 14.871 2,310,960 Total Department of Housing and Urban Development 2,327,469 DEPARTMENT OF THE JUSTICE: Pass Through Payments from the State Division of Criminal Justice: Juvenile Justice & Delinquency Prevention- 16.540 64,613 Allocation to States Crime Victim Assistance 16.575 27,609 Crime Victim Compensation 16.576 97 Local Law Enforcement Block Grant 16.592 61,869 Total Department of Justice 154,188 DEPARTMENT OF LABOR AND EMPLOYMENT: Pass Through Payments from the Colorado Department of Labor and Employment: Employment Service 17.207 549,037 Welfare to Work Grants 17.253 240,517 Disabled Veterans' Outreach Program (DVOP) 17.801 1,671 127 COUNTY OF WELD STATE OF COLORADO Schedule of Expenditures of Federal Awards For the Fiscal Year Ended December 31, 2001 Federal Granting Agency/Recipient State Agency Federal Grant Program CFDA # Expenditures Pass Through Payments from the State of Colorado Workforce Investment Act Workforce Investment Act 17.255 $334,955 Workforce Investment Act - Administration 17.258 110,701 Workforce Investment Act - Youth 17.259 74,843 Workforce Investment Act - Dislocated Worker 17.260 58,938 Total Department of Labor and Employment 1,370,662 DEPARTMENT OF TRANSPORTATION: Pass Through from the Colorado Transportation: Federal Transit Capital & Operating 20.507 67,200 State & Community Highway Safety 20.600 89,969 Total Department of Transportation 157,169 DEPARTMENT OF HEALTH AND HUMAN SERVICES: Direct Payments: Head Start 93.600 4,281,369 Pass Through Payments from the State of Colorado Department of Human Services: Special Programs for the Aging - Title III 93.044 240,913 Part B - Grants for Supportive Services & Senior Centers Special Programs for the Aging - Title III 93.045 201,150 Part C - Nutrition Services Special Programs for the Aging - Title VII 93.041 1,151 Chapter 3 - Prevention of Abuse, Neglect & Exploitation of Older Individuals Special Programs for the Aging - Title VII Chapter 2 - Long-term Care Ombudsman Services 93.042 2,339 for Older Individuals Special Programs for the Aging - Title III Part F - Disease Preventive and Health Promotion Serv. 93.043 11,095 Refugee and Entrant Assistance 93.556 35 State Administered Programs Temporary Assistance for Needy Families 93.558 3,758,812 Child Support Enforcement 93.563 868,632 Low Income Home Energy Assistance 93.568 1,599,225 Independent Living 93.674 68,536 128 COUNTY OF WELD STATE OF COLORADO Schedule of Expenditures of Federal Awards For the Fiscal Year Ended December 31, 2001 Federal Granting Agency/Recipient State Agency Federal Grant Program CFDA # Expenditures Child Care Mandatory & Matching Funds 93.596 $2,469,598 of the Child Care and Development Fund Child Care and Development Block Grant 93.575 (940,500) Child Welfare Services - State Grants 93.645 143,062 Title IV-E, Foster Care 93.658 1,175,691 Adoption Assistance 93.659 286,533 Social Services Block Grant 93.667 1,714,449 Medical Assistance Program 93.778 2,441,049 Pass through from State Department of Health Care Policy 93.778 218,890 and Finance for EPSDT Pass Through from the Department of Local Affairs: Community Services Block Grant 93.031 215,749 Pass Through Payments from the State Department of Health: Air Pollution Control Program Support 66.605 15,363 Performance Partnership Grant 66.606 241 Capitalization Grants for State Revolving Fund 66.458 1,400 TB Control Programs 93.116 9,382 Family Planning Services 93.217 71,737 Abstinence Education 93.235 42,227 Immunization Grants 93.268 29,423 Immunization/Vaccine Non-cash assistance 93.268 186,190 Breast and Cervical Cancer Early Detection Programs 93.919 28,257 HIV Prevention Activities 93.940 16,090 Sexually Transmitted Diseases Control Grants 93.977 3,415 Centers for Disease Control & Prevention 93.283 30,258 Preventive Health & Health Services Block Grant 93.991 19,324 Maternal & Child Health Services Block Grant to the States 93.994 287,806 Diabetes 93.988 5,000 Miscellaneous N/A (9,376) Total Department of Health and Human Services 19,494,515 TOTAL FEDERAL EXPENDITURES $30,328,357 (See Notes to Schedule of Expenditures of Federal Awards) 129 COUNTY OF WELD STATE OF COLORADO Notes to Schedule of Expenditures of Federal Awards For the Fiscal Year Ended December 31, 2001 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 Nonmonetary assistance is reported in the schedule at the fair market value of the commodities distributed during the year. At December 31, 2001, the County had food commodities totaling $254,072 in inventory, with a corresponding amount reported as deferred revenue to be realized when distributed. Note 3 - Subrecipient The County does not have any significant subrecipients. 130 WELD COUNTY, COLORADO SCHEDULE OF FINDINGS AND QUESTIONED COSTS Year Ended December 31, 2001 SUMMARY OF AUDITORS' RESULTS D Type of report issued on financial Unqualified statements D Type of report issued on major programs Unqualified D Audit findings disclosed None D Major programs Food Stamp Program 10.551 Food Stamp Administration 10.561 Medicaid Title XIX 93.778 Low Income Energy Assistance Program 93.568 Foster Care 93.658 Social Services Block Grant 93.667 Housing Vouchers 14.871 Child Care 93.575, 93.596 Dollar threshold between Type A and Type B programs $909,880 D Low-risk auditee No FINDINGS RELATED TO FINANCIAL STATEMENTS D None Reported FINDINGS AND QUESTIONED COSTS RELATED TO FEDERAL AWARDS D None Reported 131 WELD COUNTY, COLORADO SUMMARY SCHEDULE OF PRIOR YEAR AUDIT FINDINGS Year Ended December 31, 2001 SUMMARY OF PRIOR AUDIT FINDINGS D MATERIAL WEAKNESS IN INTERNAL CONTROL An effective system of internal control should have processes and procedures so that any accounting differences or potential discrepancies are promptly identified and resolved. Our audit work in the Weld County Treasurer's Office noted an incomplete reconciliation process between the investment management system and the Treasurer's general ledger system,as well as an inadequate segregation of duties in some areas. As a result, the investment management system cannot be completely reconciled to the Treasurer's general ledger. Numerous unresolved reconciling items and bank deposit differences were noted at year-end. We recommend a complete reconciliation system be designed and performed on a timely basis. Also,certain cash handling functions should be further segregated and the investment management function should be separated from the investment accounting system. D Resolution Status: The Treasurer's Office has been reorganized and reconciliation processes have been strengthened. Segregation of duties has been improved and an additional accounting employee has been approved and hired. An unresolved matter is a distribution to a taxing district in January 2001 which appears to be in excess of the district's account balance at December 31, 2000. We recommend this matter be further analyzed, communicated, and resolved. 132 LOCAL HIGHWAY FINANCE REPORT COLORADO Form Approved The public report burden for this information collection is estimated to average 380 hours annually. OMB No.2125-0032 City or County: WELD LOCAL HIGHWAY FINANCE REPORT YEAR ENDING: December 2001 This Information From The Records Of(example- County of_): WELD Prepared By: Claud Hanes Phone: (970)356-4000 I. DISPOSITION OF HIGHWAY-USER REVENUES AVAILABLE FOR LOCAL GOVERNMENT EXPENDITURE A. Local B. Local C. Receipts from D. Receipts from ITEM Motor-Fuel Motor-Vehicle State Highway- Federal Highway Taxes Taxes User Taxes Administration 1. Total receipts available 2. Minus amount used for collection expenses 3. Minus amount used for nonhighway purposes 4. Minus amount used for mass transit 5. Remainder used for highway pu .oses II. RECEIPTS FOR ROAD AND STREET PURPOSES III. DISBURSEMENTS FOR ROAD AND STREET PURPOSES ITEM AMOUNT ITEM AMOUNT A. Receipts from local sources: A. Local highway disbursements: 1. Local highway-user taxes 1. Capital outlay(from page 2) 6,317,038 a. Motor Fuel (from Item I.A.S.) 2. Maintenance: 7,803,198 b. Motor Vehicle(from Item I.B.5.) 3. Road and street services: c. Total a.+b. a. Traffic control o.erations 2. General fund appropriations b. Snow and ice removal 566,608 3. Other local imposts(from page 2) 7,342,079 c. Other 200,701 4. Miscellaneous local receipts(from page 2) 1,131,087 d. Total (a.through c.) 767,309 5. Transfers from toll facilities 4. General administration&miscellaneous 1,003,076 6. Proceeds of sale of bonds and notes: 5. Hi•hwa law enforcement and safet a. Bonds-Original Issues s 6. Total service nuoh 5) 15,890,621 b. Bonds-Refunding Issues B. Debt service on local obligations: c. Notes 1. Bonds: d. Total(a.+b.+c.) 0 a. Interest 7. Total(I through 6) 8,473,166 b. Redemption B. Private Contributions c. Total a.+b. 0 C. Receipts from State government 2. Notes: from .a•e 2 8,321,637 a. Interest D. Receipts from Federal Government b. Redemption (from page 2) 212,695 c. Total(a.+b) 0 E. Total receiits(A.7+B+C+D) 17,007,498 3. Total (I.c+2.c) 0 C. Payments to State for highways D. Payments to toll facilities E. total disbursements(A.6+B.3+C+D) 15,890,621 IV. LOCAL HIGHWAY DEBT STATUS (Show all entries at par) Opening Debt Amount Issued Redemptions Closing Debt A. Bonds Total 0 0 0 0 1. Bonds Refundin_• Portion 0 0 `otes ota 1 I 1 I Notes and Comments: FORM FHWA-536(Rev.12-96) PREVIOUS EDITIONS OBSOLETE (Next Page) 1 134 STATE: Colorado LOCAL HIGHWAY FINANCE REPORT YEAR ENDING(mm/yy): December 2001 II. RECEIPTS FOR ROAD AND STREET PURPOSES-DETAIL ITEM AMOUNT ITEM AMOUNT A.3. Other local im r osts: A.4. Miscellaneous local recei r ts: a. Property Taxes and Assesments 2 079,301 a. Interest on investments 31 b. Other local imposts: b. Other 194,108 I. Sales Taxes c.Transfers 2. Traffic Fines d. Capital Credits 3. Specific Ownership Tax 5 046,407 e. Sale of Assets 4. Motor Vehicle Registration f. Fees/Licenses/Permits 179,485 5.From Cities/Counties 216,371 g. Service Performed 678,564 6. Total(I.through 5.) 5,262,778 h. Refunds of Expenditures 78,899 c. Total a.+b. 7,342 079 i. Total a.through h. 1,131,087 (Carry forward to a e I) (Ca forward to,a a I) ITEM AMOUNT ITEM AMOUNT C. Recei r is from State Government D. Recei r is from Federal Governmen I. Hithwa -user taxes 8,013,486 I. EH WA from Item l.D.5. 2. State general funds 2. Other Federal agencies: 3. Other State funds: a. Forest Service 4,815 a. State bond proceeds b. FEMA b. Project Match c. HUD c. Motor Vehicle Registration 308,151 d. Mineral Leasing 155,261 d. (Specify) e. Pay Lieu of Tax 52,619 e. (Specify) f. Other Federal f. Total(a.through e.) 308,151 g. Total(a.through f.) 212,695 4. Total 1.+2.+3. 8,321,637 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 c A.I. Capital outlay: a. Right-Of-Way Costs 364,976 364,976 b. Engineering Costs 515,185 515,185 c. Construction: (I). Capacity Improvements 807,821 807,821 (2). System Preservation 148,244 148,244 (3). Safety And Other 4,480,812 4,480,812 (4). Total Construction(1)+(2)+(3) 0 5,436,877 5,436,877 d. Total Capital Outlay(Lines l.a.+ 1.b.+ I.c.4) 0 6,317,038 6,317,038 (Carry forward to page 1) Notes and Comments: We do not have the data to split these disbursements into ON-National Highway and Off-National Highway The figures presented are a total of both FORM FHWA-536(Rev.12-96) PREVIOUS EDITIONS OBSOLETE 2 135 ftt ‘ :ry COLORADO 136 Hello