HomeMy WebLinkAbout810526.tiff COMPREHENSIVE
;�, ANNUAL
� FINANCIAL
COLORAm REPORT
Year Ended December 31, 1.980
COUNTY of WELD
STATE of COLORADO
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COMPREHENSIVE ANNUAL FINANCIAL REPORT
COUNTY OF WELD
STATE OF COLORADO
YEAR ENDED DECEMBER 31 , 1980
Issued by:
Department of Finance
& Administration
Donald D. Warden
Director of Finance
& Administration
1
TABLE OF CONTENTS
Page
INTRODUCTORY SECTION
Title Page 1
Table of Contents 2
Letter of Transmittal 7
Organization Chart 13
Principal County Officials 14
FINANCIAL SECTION
GENERAL PURPOSE FINANCIAL STATEMENTS
Auditor's Report 15
EXHIBIT A-1 COMBINED BALANCE SHEET - ALL FUND TYPES AND
ACCOUNT GROUPS 16
EXHIBIT A-2 COMBINED STATEMENT OF REVENUE, EXPENDITURES
AND CHANGES IN FUND BALANCE - ALL GOVERNMENTAL
FUND TYPES AND EXPENDABLE TRUST FUNDS 20
EXHIBIT A-3 COMBINED STATEMENT OF REVENUE, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND
ACTUAL- ALL GOVERNMENTAL FUND TYPES 22
EXHIBIT A-4 COMBINED STATEMENT OF REVENUE, EXPENSES AND
CHANGES IN RETAINED EARNINGS/FUND BALANCE -
ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS 24
EXHIBIT A-5 COMBINED STATEMENT OF CHANGES IN FINANCIAL
POSITION - ALL PROPRIETARY FUND TYPES AND
PENSION TRUST FUNDS 26
NOTES TO FINANCIAL STATEMENTS 28
COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP
STATEMENTS AND SCHEDULES
GENERAL FUND
EXHIBIT B-1 BALANCE SHEET 44
EXHIBIT B-2 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE 45
Schedule 1 Schedule of Revenue Compared with Estimate 46
Schedule 2 Schedule of Expenditures Compared with Budget 48
Schedule 3 Schedule of Operating Transfers out Compared with Budget 50
(Continued on next page)
2
TABLE OF CONTENTS - Continued
Page
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 51
EXHIBIT C-1 COMBINING BALANCE SHEET 52
EXHIBIT C-2 COMBINING STATEMENT OF REVENUE, EXPENDITURES
AND CHANGES IN FUND BALANCE 56
Schedule 1 Road and Bridge Fund - Schedule of Revenue
Compared with Estimate 58
Schedule 2 Road and Bridge Fund - Schedule of Expenditures
Compared with Budget 59
Road and Bridge Fund - Schedule of Operating
Transfers in Compared with Estimate 59
Schedule 3 Social Services Fund - Schedule of Revenue
Compared with Estimate. 60
Schedule 4 Social Services Fund - Schedule of Expenditures
Compared with Budget 61
Schedule 5 Federal Revenue Sharing Fund - Schedule of
Revenue Compared with Estimate 62
Schedule 6 Federal Revenue Sharing Fund - Schedule of
Operating Transfers out Compared with Budget 63
Schedule 7 Conservation Trust Fund - Schedule of Expenditures
Compared with Budget 64
Schedule 8 Contingent Fund - Schedule of Revenue Compared
with Estimate 65
Contingent Fund - Schedule of Operating Transfers
out Compared with Budget 65
Schedule 9 Public Health Fund - Schedule of Revenue
Compared with Estimate 66
Schedule 10 Public Health Fund - Schedule of Expenditures
Compared with Budget 67
Public Health Fund - Schedule of Operating
Transfers in Compared with Estimate 67
(Continued on next page)
3
TABLE OF CONTENTS - Continued
Page
SPECIAL REVENUE FUNDS - Continued
Schedule 11 Library Fund - Schedule of Revenue Compared
with Estimate 68
Schedule 12 Library Fund - Schedule of Expenditures Compared
with Budget 69
Library Fund - Schedule of Operating Transfers
in Compared with Estimate 69
Schedule 13 Human Resources Fund - Schedule of Revenue
Compared with Estimate 70
Schedule 14 Human Resources Fund - Schedule of Expenditures
Compared with Budget 71
Schedule 15 Solid Waste Fund - Schedule of Revenue
Compared with Estimate 72
Solid Waste Fund - Schedule of Expenditures
Compared with Budget 72
Schedule 16 Subdivision Park Site Fund - Schedule of Revenue
Compared with Estimate 73
Subdivision Park Site Fund - Schedule of
Expenditures Compared with Budget 73
CAPITAL PROJECTS FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 75
EXHIBIT D-1 COMBINING BALANCE SHEET 76
EXHIBIT D-2 COMBINING STATEMENT OF REVENUE, EXPENDITURES AND
CHANGES IN FUND BALANCE 77
Schedule 1 Library Expansion Fund - Schedule of Revenue
Compared with Estimate 78
Library Expansion Fund - Schedule of Expenditures
Compared with Budget 78
Schedule 2 Library Expansion Fund - Schedule of Operating
Transfers in Compared with Estimate 79
Schedule 3 Public Works Fund - County Buildings - Schedule of
Revenue Compared with Estimate 80
Public Works Fund - County Buildings - Schedule of
Expenditures Compared with Budget 80
(Continued on next page)
4
TABLE OF CONTENTS - Continued
Page
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 81
EXHIBIT E-1 COMBINING BALANCE SHEET 82
EXHIBIT E-2 COMBINING STATEMENT OF CHANGES IN CONTRIBUTED
CAPITAL 83
EXHIBIT E-3 COMBINING STATEMENT OF REVENUE, EXPENSES AND
CHANGES IN RETAINED EARNINGS 84
EXHIBIT E-4 COMBINING STATEMENT OF CHANGES IN FINANCIAL
POSITION 85
Schedule 1 Motor Vehicle Fund - Schedule of Operating
Revenue Compared with Estimate 86
Motor Vehicle Fund - Schedule of Operating Expenses
Compared with Budget 86
Schedule 2 Motor Vehicle Fund - Schedule of Nonoperating
Revenue Compared with Estimate 87
Motor Vehicle Fund - Schedule of Fixed Asset
Acquisitions Compared with Budget 87
Schedule 3 Printing and Supply Fund - Schedule of Operating
Revenue Compared with Estimate 88
Printing and Supply Fund - Schedule of Operating
Expenses Compared with Budget 88
Schedule 4 Printing and Supply Fund - Schedule of Operating
Transfers in Compared with Estimate 89
Schedule 5 Computer Services Fund - Schedule of Operating
Revenue Compared with Estimate 90
Computer Services Fund - Schedule of Operating
Expenses Compared with Budget 90
Schedule 6 Computer Services Fund - Schedule of Nonoperating
Expenses Compared with Budget 91
Schedule 7 Insurance Fund - Schedule of Operating Revenue
Compared with Estimate 92
Insurance Fund - Schedule of Operating Expenses
Compared with Budget 92
Schedule 8 Insurance Fund - Schedule of Nonoperating Revenue
Compared with Estimate 93
(Continued on next page)
5
TABLE OF CONTENTS - Continued
Page
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 95
EXHIBIT F-1 COMBINING BALANCE SHEET 96
EXHIBIT F-2 STATEMENT
BALANCE REVENUE,
PENSIONES AND TRUST CHANGES IN
FUNDS
98
EXHIBIT F-3 STATEMENT OF CHANGES IN FINANCIAL POSITION - 99
ALL PENSION TRUST FUNDS
EXHIBIT F-4 STATEMENT
BALANCE REVENUE,
EXPENDABLERES TRUSTD CHANGES IN
FUNDS 100
EXHIBIT F-5 COMBINING STATEMENT OF CHANGES IN ASSETS AND 101
LIABILITIES - ALL AGENCY FUNDS
Schedule 1 Weld County Retirement Fund - Schedule of 102
Administrative Expenses
Schedule 2 Weld County General Hospital Trust Fund - Schedule of Revenue Compared with Estimate 103
Weld County General Hospital Trust Fund - Schedule of Expenditures Compared with Budget 103
GENERAL FIXED ASSETS ACCOUNT GROUP
EXHIBIT G-1 STATEMENT OF CHANGES IN GENERAL FIXED ASSETS 105
STATISTICAL SECTION
Table I General Governmental Expenditures by Function 107
Table II General Revenue by Source 108
Table III Property Tax Levies and Collections 109
Table IV Assessed and Estimated Actual Value of Taxable Property 110
Table V Property Tax Rates and Tax Levies - All 111
Overlapping Governments 112
Table VI Special Assessment Collections 113
Table VII Computation of Legal Debt Margin 114
Table VIII Tables Relating to Bonded Debt 115
Table IX Demographic Statistics
Table X Property Value, Construction, Bank Deposits and 116
Other Economic Indicators 117
Table XI Principal Taxpayers 118
Table XII Miscellaneous Statistics
Table XIII Insurance in Force 128
121
0
Table XIV Salaries of Principal Officials 122
Table XV Surety Bond Coverage for Principal Officials
6
OFFICE OF FINANCE & ADMINISTRATIO
PHONE(303)3564000 EXT.2
P.O.BOX7!
GREELEY,COLORADO808:
•
COLORADO
June 1 , 1981
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 year ended December 31 , 1980, is presented on
behalf of the Board and published as a public document. This report was
prepared by the County's Finance.Department. Responsibility for both
the accuracy of the presented data and the completeness and fairness of
the presentation, including all disclosures, rests with the County. It
is believed the data, as presented, is accurate in all material aspects;
that it is presented in a manner designed to fairly set forth the financial
position and results of operations of the County as measured by the
financial activity of the various funds; and that all disclosures necessary
to enable the reader to gain the maximum understanding of the County's
financial activity have been included.
ACCOUNTING SYSTEM AND BUDGETARY CONTROL
The County's accounting records for general governmental operations are
maintained on a modified accrual basis, with the revenue being recorded
when available and measurable and expenditures being recorded when the
services or goods are received and the liabilities are incurred. Account-
ing records for the proprietary funds and fiduciary pension trust funds
are maintained on the accrual basis;
In developing and altering the County's accounting system, consideration
is given to the adequacy of internal accounting controls. Internal
accounting controls are designed to provide reasonable, but not absolute,
assurance regarding:
7
Honorable Board of Commissioners - Continued:
the safeguarding of assets against loss from unauthorized use or
disposition, and
the responsibility of financial records for preparing financial
statements and maintaining accountability for assets.
The concept of reasonable assurance recognizes:
the cost of a control should not exceed the benefits likely to be
derived, and
the evaluation of costs and benefits requires estimates and judge-
ments by the management.
All internal control evaluations occur within the above framework. It
is believed that the County's internal accounting controls adequately
safeguard assets and provide reasonable assurance of proper recording of
financial transactions.
Budgetary control was maintained at the sub-function level by the encum-
brance of estimated purchase amounts prior to the release of purchase
orders to vendors. Purchase orders which result in an overrun of sub-
function balances are not released until additional appropriations are
made available. Open encumbrances are reported as a reservation of fund
balance at December 31 , 1980.
THE REPORTING ENTITY AND ITS SERVICES
The funds and entities related to the County of Weld included in our
Comprehensive Annual Financial Report are controlled by or dependent on
the County. Determination of "controlled by or dependent on" is based
on criteria developed by the Federal Bureau of The Census. Criteria
deal with existence as an organized entity; governmental character; and
substantial autonomy. Based on these criteria the various funds and
account groups (being all the funds and account groups of the County)
shown in the Table of Contents are included in this report.
The County provides the full range of County services contemplated by
statute or character. These include general government functions,
public protection and safety, health, social services, human resource
services, public improvements, road and bridge operations, planning and
zoning, library services, and general administrative services.
8
Honorable Board of Commissioners - Continued:
GENERAL GOVERNMENT FUNCTIONS
Revenue for general government functions totaled $35,141 ,398 in 1980, an
increase of 20.3% over 1979. General property taxes and specific owner-
ship taxes produced 34.2% of general revenue compared to 38.7% last
year. The amount of revenue from various sources and the increase over
last year are shown in the following tabulation:
Increase (Decrease)
Revenue Sources Amount Per Cent of Total for 1980
Taxes $ 12,025,910 34.2% $ 737,132
Licenses and Permits 383,881 1 .1 187,336
Intergovernmental
Revenue 18,664,253 53.1 4,384,159
Charges for Services 1 ,974,601 5.6 814,752
Fines and Forfeits 3,064 .1 46
Miscellaneous Revenue 2,089,689 5.9 (187,481 )
$ 35,141 ,398 100.0% $ 5,935,944
Assessed values of $677 million represented an increase of 2.2% over the
preceding year. A part of this increase is due to the increased oil
production activity in Weld County. The mill levy increased to 17.247
mills, up .467 mills.
Current tax collections were 99.5% of the tax levy, down .1% from last
year. Delinquent tax collections were $43,471 , compared with $26,654
last year. Allocations of property tax by purpose for 1980 and the pre-
ceeding fiscal year are shown as follows:
Purpose 1979 1980
General Fund 7.23 9.680
Special Revenue Funds. 7.91 6.507
Capital Project Funds .64 .075
Expendable Trust Funds 1.00 .985
Total Tax Rate 16.78 17.247
Intergovernmental revenue represented 53.1% of total general governmental
revenue, compared with 48.9% for the preceeding year.
Expenditures for general governmental purposes total $34,616,250, an
increase of 18.9% over 1979. Increases in levels of expenditures for
major functions of the County over the proceeding year are shown in the
following tabulation:
9
Honorable Board of Commissioners - Continued:
Increase (Decrease)
Function Amount Per Cent of Total. for 1980
General Government $ 4,626,372 13.4% $ 282,953
Judicial 576,733 1 .7 210,851
Public Safety 3,150,728 9.1 342,370
County Roads and
Bridges 7,436,150 21 .5 1 ,278,665
Health 2,182,243 6.3 (334,326)
Public Welfare 10,254,176 29.6 1 ,994,771
Auxiliary Services .5,926,461 17.1 2,233,578
Capital Outlay 344,889 1 .0 (460,203)
Intergovernmental
Expenditures 118,498 .3 (50,818)
$34,616,250 100.0% $5,497,841
Expenditures for road and bridge increased from 21 .1% of total governmental
expenditures in the preceeding year to 21.5% in the current year. This
increase in level of expenditure is a result of expansion of road and
bridge. construction projects and inflationary trends in this area,
caused by cost of petroleum products. In addition~ Senate Bill 148
provided $654,390 for emergency funding of Weld County roads in 1980.
Unreserved fund balance and retained earnings in the major operating
funds were maintained at adequate levels. The General Funds fund balance
of $384,485 was down $462,219 from last year; and the $2,630,796 balance
in the Special Revenue Funds was up from the previbus year by 79.6%. ,
DEBT ADMINISTRATION
In 1980 the County continued to have no bonded indebtedness, nor does it
have any significant lease/purchase agreements for public facilities or
equipment. Thus, Weld County maintains over a ten million dollar allowable
debt capacity in accordance with Colorado State Statutes.
CASH MANAGEMENT
Cash temporarily idle during the year was invested in time deposits
ranging from 10 to 180 days to maturity. During the fiscal year ended
December 31, 1980, the County's average cash resources were divided
between demand deposits and investments as follows; demand deposits,
24.1% and bank time deposits, 75.9%. Interest earned on investments of
cash held by the County Treasurer was recorded as revenue in the General
10
Honorable Board of Commissioners - Continued:
Fund, with exception of interest attributed to the Federal Revenue
Sharing Fund, Capital Project Funds, Insurance Fund, and the interest
earned on certain deposits held for other taxing authorities. The
amount of interest received was $1,286,702 in 1980.
CAPITAL PROJECT FUNDS
The Public Works - County Buildings Fund, established for the purpose of
accounting for the capital improvement projects on County buildings, had
an unreserved fund balance of $200,488 at the end of 1980. There are no
anticipated or designated projects pending at the end of 1980 for the
funds accummulated.
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 Internal Service Funds. As of December 31 , 1980, the
General Fixed Assets of the County amounted to $17,448,814. This amount
represents the original cost of the assets and is considerably less than
their present value. Depreciation of General Fixed Assets is not recognized
in the County's accounting system.
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 five
year period. This requirement has been complied with and the auditor's
report has been included in this report.
CERTIFICATE OF CONFORMANCE
It is my opinion that this Comprehensive Annual Financial Report substantially
conforms to the financial reporting principles and standards promulgated
by the National Council of Governmental Accounting, and will be submitted
to the Municipal Finance Officers' Association to be judged for a Certificate
of Conformance in Financial Reporting.
ACKNOWLEDGEMENTS
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 1980 financial transactions under our control and that the following
11
Honorable Board of Commissioners - Continued:
statements present an accurate, informative record of the financial
activities of the County of Weld and its financial condition at December
31 , 1980. The preparation of this report on a timely basis 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. The assistance of Anderson & Whitney in the preparation
of this report is also sincerely appreciated. I should 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,
/667,411
Donald D. Warden, Director
Finance and Administration
12
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13
COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31 , 1980
Board of County Commissioners
Norman Carlson
Lydia Dunbar
C. W. Kirby
Leonard Roe
June K. Steinmark
Director of Finance and Administration
Donald D. Warden
Comptroller
Paul Swearengin
Independent Auditor
Anderson & Whitney
Certified Public Accountants
14
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*4
FINANCIAL
STTIB4TS.
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rtsoN
CERTIFIED PUBLIC ACCOUNTANTS
Greeley National Plaza—Suite 760
Greeley. Colorado 80631 ■
(303) 352-7990
Board of County Commissioners
Weld County, Colorado
Greeley, Colorado
We have examined the financial statements of the various fund types
and account groups of Weld County, Colorado, a home rule county , listed
as General Purpose Financial Statements in the foregoing table of contents,
as of December 31 , 1980 and for the year then ended. Our examination
was made in accordance with generally accepted auditing standards and,
accordingly, included such tests of the accounting records and such
other auditing procedures as we considered necessary in the circumstances .
In our opinion, the aforementioned financial statements present
fairly the financial position of those fund types and account groups of
Weld County, Colorado at December 31 , 1980, and the results of opera-
tions of such fund types and changes in financial position of its
proprietary funds and similar trust funds for the year then ended, in
conformity with generally accepted accounting principles applied on a
basis consistent with that of the preceding year.
Our examination was made for the purpose of forming an opinion on
the basic financial statements taken as a whole. The accompanying
supplemental statements and schedules , listed as Combining Statements,
Individual Fund and Account Group Statements, and Schedules in the
foregoing table of contents , are presented for purposes of additional
analysis and are not a required part of the basic financial statements.
Such statements and schedules have been subjected to the auditing
procedures applied in the examination of the basic financial statements
and, in our opinion, are fairly stated in all material respects in
relation to the basic financial statements taken as a whole. Our
examination did not include the information presented in the Statistical
Section and, accordingly, we express no opinion on it.
ahljAkini. WkiAt
May 22, 1981
15
COUNTY OF WELD
STATE OF COLORADO
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
December 31 , 1980
Governmental Fund Types
Special Capital
General Revenue Projects
(EXH. B-1) (EXH. C-1 ) (EXH. D-1 )
ASSETS
ASSETS:
Cash with treasurer $ 1 ,710,822 $ 2,666,726 $ 244,823
Cash - other 14,034 7,081 -
Investments - - -
Receivables (net where applicable of
allowance for uncollectibles) :
Accounts 96,119 124,296 26
Contracts - 143,409 -
Current taxes 10;051 ,227 1 ,779,127 125,146
Delinquent taxes 35,869 28,396 2,067
Due from other governmental units 35,165 5,955,947 -
Due from other county funds (Note 2) 163,336 323,023 -
Deposits - 5,937 -
Inventories - 335,416 -
Prepaid expenses 7,862 105,878 -
Restricted assets:
Cash - 14,729 -
Land - - -
Land under capital lease (Note 4) - - -
Land improvements - - -
Buildings - - -
Machinery and equipment - - -
Less: Allowance for accumulated depreciation - - -
TOTAL ASSETS $ 12,114,434 $ 11 ,489,965 $ 372,062
(Continued on next page)
16
EXHIBIT A-1
Page 1
Proprietary Fiduciary Account
Fund Type Fund Type Group
Internal Trust and General
Service Agency Fixed Assets Memorandum
(EXH. E-1 ) (EXH. F-1 ) (EXH. G-1 ) Total
$ 794,631 $ 3,867,758 $ - $ 9,284,760
50 1 ,602 - 22,767
- 6,218,539 - 6,218,539
19,513 137,852 - 377,806
- - - 143,409
- 666,715 - 12,622,215
- 4,464 - 70,796
45,935 - - 6,037,047
379,244 129,709 - 995,312
- - - 5,937
389,509 - - 724,925
1 ,397 13,207 - 128,344
- - - 14,729
671 ,927 - 943,169 1 ,615,096
239,642 - - 239,642
25,506 - 196,629 222,135
388,676 - 14,541 ,543 14,930,219
5,512,969 - 1 ,767,473 7,280,442
(2,454,766) - - (2,454,766)
$ 6,014,233 $ 11 ,039,846 $ 17,448,814 $ 58,479,354
17
COUNTY OF WELD
STATE OF COLORADO
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
December 31 , 1980
Governmental Fund Types
Special Capital
General Revenue Projects
(EXH. B-1 ) (EXH. C-1 ) (EXH. D-1 )
LIABILITIES AND FUND EQUITY
LIABILITIES:
Cash with treasurer - overdraft $ - $ - $ -
Warrants payable 846,148 - -
Vouchers payable 172,439 355,940 -
Retainage payable 10,000 - 1 ,497
Accrued liabilities 523,163 346,485 -
Payable from restricted assets:
Child welfare trust accounts - 14,729 -
Due to other governmental units - 468,826 -
Due to other county funds (Note 2) 103,037 712,628 4,472
Current portion of capital lease obligation - - -
Current portion of long-term debt - - -
Deferred revenue 10,063,781 1 ,991 ,920 125,869
Unexpended grant revenue 9,839 4,954,098 -
Other liabilities 1 ,542 14,543 -
Capital lease obligation (Note 4) - - -
Long-term debt (Note 5) - - -
Total Liabilities 11 ,729,949 8,859,169 131 ,838
FUND EQUITY:
Investments in general fixed assets - - -
Contributed capital - -
Retained earnings:
Reserved for claims - - -
Unreserved - - -
Fund balances:
Reserved for encumbrances 26,810 162,342 39,736
Reserved for employee benefits - - -
Reserved for non-current portion of
contracts receivable - 113,409 -
Unreserved:
Designated for subsequent years'
expenditures - 1 ,158,123 146,429
Undesignated 357,675 1 ,196,922 54,059
Total Fund Equity 384,485 2,630,796 240,224
TOTAL LIABILITIES AND FUND EQUITY $ 12,114,434 $ 11 ,489,965 $ 372,062
The Notes to Financial Statements are an integral part of this exhibit.
18
EXHIBIT A-1
Page 2
Proprietary Fiduciary Account
Fund Type Fund Type Group
Internal Trust and General
Service Agency Fixed Assets Memorandum
(EXH. E-1) (EXH. F-1 ) (EXH. G-1 ) Total
$ 5,796 $ - $ - $ 5,796
846,148
160,133 37,070 - 725,582
11 ,497
92,096 - - 961 ,744
- - - 14,729
3,839,510 - 4,308,336
45,466 129,709 - 995,312
40,710 - - 40,710
16,738 - - 16,738
46,841 668,278 12,896,689
- 4,963,937
- - - 16,085
122,132 - - 122,132
56,256 - - 56,256
586,168 4,674,567 - 25,981 ,691
17,448,814 17,448,814
4,562,729 - - 4,562,729
63,900 - - 63,900
801 ,436 - - 801 ,436
- - - 228,888
- 6,364,130 - 6,364,130
- - - 113,409
- - 1 ,304,552
- 1 ,149 - 1 ,609,805
5,428,065 6,365,279 17,448,814 32,497,663
$ 6,014,233 $ 11 ,039,846 $ 17,448,814 $ 58,479,354
19
COUNTY OF WELD
STATE OF COLORADO
COMBINED STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE -
ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS
Year Ended December 31 , 1980
Governmental Fund Types
Special ' Capital
General Revenue Projects
(EXH. B-2) (EXH. C-2) (EXH. D-2)
REVENUE:
Taxes $ 7,134,067 $ 4,834,21.8 $ 57,625
Licenses and permits 239,547 144,334 -
Intergovernmental revenue 499,431 18,164,822 -
Charges for services 1 ,701 ,645 272,956 -
Fines and forfeitures - 3,064 -
Miscellaneous revenue 1 ,351 ,556 738,103 30
Total Revenue 10,926,246 24,157,497 57,655
EXPENDITURES:
General government 4,626,372 - -
Judicial 576,733 -
Public safety 3,150,728 - -
County roads and highways - 7,436,150 -
Health and hospitals 706,799 . 1 ,475,444 -
Public welfare • - 10,254,176 -
Auxilary services 756,360 5,170,101 -
Capital outlay 29,149 - 315,740
Intergovernmental expenditures 112,800 5,698 -
Total Expenditures 9,958,941 24,341 ,569 315,740
EXCESS (DEFICIENCY) OF REVENUE OVER.EXPENDITURES 967,305 (184,072) (258,085)
OTHER FINANCING SOURCES (USES):
Operating transfers in - 3,045,913 1 ,548
Operating transfers out (1 ,418,943) (1 ,695,961 ) -
Total Other Financing Sources (Uses) (1 ,418,943) 1 ,349,952 1 ,548
EXCESS (DEFICIENCY) OF REVENUE AND OTHER SOURCES
OVER EXPENDITURES AND OTHER USES (451 ,638) 1 ,165,880 (256,537)
FUND BALANCE January 1 , 1980 846,704 1 ,464,916 496,761
RESIDUAL EQUITY TRANSFERS (10,581 ) - -
FUND BALANCE December 31 , 1980 $ 384,485 $ 2,630,796 $ 240,224
The Notes to Financial Statements are an integral part of this exhibit.
20
EXHIBIT A-2
Fiduciary
Fund Type
' Expendable
Trust Memorandum
(EXH. F-4) Total
$ 727,581 $ 12,753,491
383,881
18,664,253
- 1 ,974,601
3,064
41 ,190 2,130,879
••
768,771 35,910,169
4,626,372
- 576,733
3,150,728
- 7,436,150
2,182,243
10,254,176
5,926,461
1 ,270,746 1 ,615,635
118,498
1 ,270,746 35,886=996
(501 ,975) 23,173
3,047,461
- (3,114,904)
(67,443)
(501 ,975) (44,270)
503,124 3,311 ,505
(10,581 )
$ 1 ,149 $ 3,256,654
21
COUNTY OF WELD
STATE OF COLORADO
COMBINED STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET-ND ACTUAL - ALL GOVERNMWALLTUFD IPES
Year Ended December 31 , 1980
General Special Revenue
Variance Variance
Estimate Favorable Estimate Favorable
Actual Budget Unfavorable - Actual Budget (Unfavorable)
REVENUE:
Taxes $ 7,134,067 $7,067,572 $ 66,495 $ 4,834,218 $ 4,754,305 $ 79,913
Licenses and permits 239,547 390,400 (150,853) 144,334 88,000 56,334
Intergovernmental revenue 499,431 526,288 (26,857) 18,164,822 18,322,359 (157,537)
Charges for services 1,701,645 1,660,172 41,473 272,956 233,238 39,718
Fines and forfeitures - - - 3,064 3,600 (536)
Miscellaneous revenue 1,351,556 1,293,500 58,056 738,103 659,693 78,410
Total Revenue 10,926,246 10,937,932 (11 ,686) 24,157,497 24,061,195 96,302
EXPENDITURES:
General government 4,626,372 4,821 ,879 195,507 - - -
Judicial 576,733 584,856 8,123 - - -
Public safety 3,150,728 3,165,207 14,479 - - -
County roads and highways - - - 7,436,150 7,861 ,165 425,015
Health and hospitals 706,799 728,539 21,740 1,475,444 1,723,824 248,380
Public welfare - - - 10,254,176 10,390,964 136,788
Auxilary services 756,360 801 ,866 45,506 5,170,101 5,314,737 144,636
Capital outlay 29,149 29,149 - - - -
Intergovernmental
expenditures 112,800 112,800 - 5,698 34,673 28,975
Total Expenditures 9,958,941 10,244,296 285,355 24,341,569 25,325,363 983,794
EXCESS (DEFICIENCY) OF
REVENUE OVER
EXPENDITURES 967,305 693,636 273 669 __084,072) - (1 ,264,168) 1 ,080,096
OTHER FINANCING SOURCES
(USES):
Operating transfers in - - - 3,045,913 3,045,913
Operating transfers out (1,418,943) (1,418,943) - (1,695,961) (2,162,644) 466,683
Total Other Financing
Sources (uses) (1,418,943) (1,418,943) - 1,349,952 883,269 _ 466,683
EXCESS (DEFICIENCY) OF
REVENUE AND OTHER SOURCES
OVER EXPENDITURES AND
OTHER USES (451,638) (725,307) 273,669 1,165,880 (380,899) 1 ,546,779
FUND BALANCE
January 1, 1980 846,704 846,704 - 1,464,916 1,464,916 -
RESIDUAL EQUITY TRANSFERS (10,581) (110581) _ -
- -
FUND BALANCE
December 31, 1980 $ 384,485 $ 110,816 $ 273,669. $ 2,630,796 $ 1,084,017 $ 1,546,779
The Notes to Financial Statements are an integral part of this exhibit.
22
EXHIBIT A-3
Capital Projects Memorandum Total
Variance Variance
Estimate/ Favorable Estimate/ Favorable
Actual Budget (Unfavorable) Actual Budget _ (Unfavorable
$ 57,625 $ 54,742 $ 2,883 $ 12,025,910 $ 11,876,619 $ 149,291
- - 383,881 478,400 (94,519)
- - - 18,664,253 18,848,647 (184,394)
- - - 1,974,601 1,893,410 81,191
- - - 3,064 3,600 (536)
30 - 30 2,089,689 1,953,193 136,496
57,655 54,742 2,913 35,141,398 35,053,869 87,529
- 4,626,372 4,821,879 195,507
- 576,733 584,856 8,123
- - 3,150,728 3,165,207 14,479
- - - 7,436,150 7,861,165 425,015
- - 2,182,243 2,452,363 270,120
-
- 10,254,176 10,390,964 136,788
- 5,926,461 6,116,603 190,142
315,740 553,217 237,477 344,889 582,366 237,477
- - 118,498 147,473 28,975
315,740 553,217 237,477 34,616,250 36,122,876 1,506,626
(258,085) (498,475) 240,390 525,148 (1,069,007) 1,594,155
1,548 1,723 (175) 3,047,461 3,047,636 (175)
- - (3,114,904) (3,581,587) _ 466,683
•
1,548 1,723 175) (67,443) (533,951) 466,508
(256,537) (496,752) 240,215 457,705 (1,602,958) 2,060,663
496,761 496,761 - 2,608,381 2,808,381 -
_ - (10,581) (10,581) -
$ 240,224 $ 9 $ 240,215 i 3,255,505 $ 1,194,842 $ 2,060,663
23
COUNTY OF WELD EXHIBIT A-4
STATE OF COLORADO Page 1
COMBINED STATEMENT OF REVENUE_I EXPENSES, AND CHANGES IN RETAINED EARNINGS/
FUND BALANCE, ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS
Year Ended December 31 , 1980
Proprietary Fiduciary
Fund Type Fund Type
Internal Pension Memorandum
Service Trust Total
OPERATING REVENUE:
Charges for services $ 4,445,491 $ - $ 4,445,491
Earnings on investments - 578,013 578,013
Contributions - 970,968 970,968
Total Operating Revenue 4,445,491 1 ,548,981 5,994,472
OPERATING EXPENSES:
Personnel services 1 ,130,176 - 1 ,130,176
Contractual services 134,954 - 134,954
Supplies 92,794 - 92,794
Materials 1 ,244,471 - 1 ,244,471
Heat, light and power 40,250 - 40,250
Depreciation 859,969 - 859,969
Repair and maintenance 25,659 - 25,659
Insurance and bonds 388,834 - 388,834
Claims 32,927 - 32,927
Other expenses 470,318 - 470,318
Benefit payments - 147,539 147,539
Refunds - 189,421 189,421
Administrative expenses - 41 ,710 41 ,710
Total Operating Expenses 4,420,352 378,670 4,799,022
Operating Income 25,139 1 ,170,311 1 ,195,450
NONOPERATING REVENUE (EXPENSES):
Farm income 26,749 - 26,749
Gain on sale of fixed assets 148,642 - 148,642
Earnings on investments 23,454 - 23,454
Judgements and damages 8,641 - 8,641
Dividends 34,977 - 34,977
Interest expense (10,166) - (10,166)
Loss on sale of fixed assets (65,964) - (65,964)
Total Nonoperating Revenue (Expenses) 166,333 - 166,333
Income Before Operating Transfers 191 ,472 1 ,170,311 1 ,361 ,783
OPERATING TRANSFERS IN 25,918 41 ,525 67,443
NET INCOME 217,390 1 ,211 ,836 1 ,429,226
24 (Continued on next page)
COUNTY OF WELD EXHIBIT A-4
STATE OF COLORADO Page 2
COMBINED STATEMENT OF REVENUE EXPENSES, AND CHANGES IN. RETAINED EARNINGS/
FUND BALANCE, ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS
Year Ended December 31 , 1980
Proprietary Fiduciary
Fund Type Fund Type
Internal Pension Memorandum
Service Trust Total
RETAINED EARNINGS/FUND BALANCE,
January 1 , 1980 $ 647,946 $ 4,679,779 $ 5,327,725
Adjustment of prior periods (Note 10) - 472,515 472,515
RETAINED EARNINGS/FUND BALANCE,
January 1 , 1980 as restated 647,946 5,152,294 5,800,240
RETAINED EARNINGS/FUND BALANCE,
December 31 , 1980 $ 865,336 $ 6,364,130 $ 7,229.466
The Notes to Financial Statements are an integral part of this exhibit.
25
COUNTY OF WELD EXHIBIT A-5
STATE OF COLORADO Page 1
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS
Year Ended December 31 , 1980
Proprietary Fiduciary
Fund Type Fund Type
Internal Pension Memorandum
Service Trust Total
WORKING CAPITAL PROVIDED:
Net Income (EXHIBIT A-4) $ 217,390 $ 1 ,211 ,836 $ 1 ,429,226
Add: Expenses deducted which did not
require outlay of working
capital:
Depreciation 859,969 - 859,969
Working capital provided from
operations 1 ,077,359 1 ,211 ,836 2,289,195
Undepreciated cost of assets sold or
abandoned 286,694 - 286,694
Residual equity transfer 10,581 - 10,581
Capital lease obligations received in
connection with acquisition of land 162,842 - 162,842
Total Working Capital Provided 1 ,537,476 1 ,211 ,836 2,749,312
WORKING CAPITAL APPLIED:
Acquisition of fixed assets 1 ,299,135 - 1 ,299,135
Payments and current maturities of
long-term debt and capital lease
obligations 149,787 - 149,787
Total Working Capital Applied 1 ,448,922 - 1 ,448,922
INCREASE IN WORKING CAPITAL $ 88,554 $ 1 ,211 ,836 $ 1 ,300,390
(Continued on next page)
26
COUNTY OF WELD EXHIBIT A-5
STATE OF COLORADO Page 2
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS
Year Ended December 31 , 1980
Proprietary Fiduciary
Fund Type Fund Type
Internal Pension Memorandum
Service Trust Total
CHANGES IN COMPONENTS OF WORKING CAPITAL:
Increase (decrease) in current assets:
Cash with treasurer $ 128,502 $ - $ 128,502
Cash - other - (789) (789)
Investments - 1 ,198,749 1 ,198,749
Receivables:
Accounts 11 ,395 18,597 29,992
Due from other governmental units (66,801 ) - (66,801 )
Due from other county funds 23,981 - 23,981
Inventories 33,982 - 33,982
Prepaid expenses (1 ,334) 2,196 862
Net increase in
current assets 129,725 1 ,218,753 1 ,348,478
Increase (decrease) in current liabilities:
Cash with treasurer (overdraft) (135,432) - (135,432)
Vouchers payable 156,513 6,917 163,430
Retainage payable (50,880) - (50,880)
Accrued liabilities 76,875 - 76,875
Due to other county funds (74,581 ) - (74,581 )
Current portion of capital lease
obligations 40,710 - 40,710
Current portion of long-term debt (18,875) - (18,875)
Deferred revenue 46,841 - 46,841
Net increase in
current liabilities 41 ,171 6,917 48,088
INCREASE IN WORKING CAPITAL $ 88,554 $ 1,211 ,836 $ 1 ,300,390
The Notes to Financial Statements are an integral part of this exhibit.
27
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31 , 1980
Note 1 - Summary of Significant Accounting Policies:
The accounting and reporting policies of Weld County, Colorado conform
to generally accepted accounting principles as set forth by the American
Institute of Certified Public Accountants and the National Council on
Governmental Accounting. The following summary of significant account-
ing policies is presented to assist the reader in evaluating the
county's financial statements.
BASIS OF PRESENTATION:
Each fund is an independent fiscal and accounting entity with a
self-balancing set of accounts recording cash and other financial
resources together with all related liabilities , residual equities
and balances which are segregated for the purpose of carrying on
specific activities or attaining certain objectives in accordance
with special regulations , restrictions, or limitations. In
addition to the funds, a self-balancing account group is established
to account for the general fixed assets of the County. The
various funds are grouped into five generic fund types under
three broad fund categories as follows :
GOVERNMENTAL FUNDS:
All governmental funds and expendable trust funds are
accounted for on a spending or "financial flow" measurement
focus. This means that only current assets and current
liabilities are generally included on their balance sheets.
Their 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,
they 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 trans-
actions 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.
28
r
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1980
Note 1 - Summary of Significant Accounting Policies - Continued:
BASIS OF PRESENTATION - Continued:
Capital Projects Funds :
Capital Projects Funds are established to account for
financial resources used for the acquisition or im-
provement of the capital facilities of the County.
PROPRIETARY FUNDS:
All proprietary funds and nonexpendable trust and pension
trust funds are accounted for on a cost of services or
"capital maintenance" measurement focus. This means that
all assets and all liabilities (whether current or non-
current) associated with their activity are included on
their balance sheets. Their reported fund equity (net total
assets) is segregated into contributed capital and retained
earnings components. Proprietary fund type operating state-
ments present increases (revenue) and decreases (expenses)
in net total assets.
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.
r FIDUCIARY FUNDS:
[ Trust and Agency Funds :
Trust and Agency Funds are established to record trans-
r actions relating to assets held by the County in the
l capacity of trustee, custodian or agent for indivi-
duals, governmental entities and non-public za-
r These include expendable trust, pension trust
and agency funds.
The General Purpose Financial Statements present a combined
overview of all generic fund types and account groups of the
County.
FIXED ASSETS, LONG-TERM LIABILITIES AND LONG-TERM RECEIVABLES :
( The accounting and reporting treatment applied to the fixed
assets and long-term liabilities associated with a fund are
determined by its measurement focus as discussed above.
29
1
COUNTY OF WELD
STATE OF COLORADO fl
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1980 71
Note 1 - Summary of Significant Accounting Policies - Continued: I
BASIS OF PRESENTATION - Continued:
All fixed assets are valued at historical cost or estimated 1
historical cost if actual historical cost is not available.
Donated fixed assets are valued at their estimated fair
value on the date donated.
Fixed assets used in governmental fund type operations
(general fixed assets) are accounted for in the General 1
Fixed Assets Account Group, rather than in governmental
funds. 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 has been provided on general
fixed assets.
Depreciation of all exhaustible fixed assets used by proprie-
tary funds is charged as an expense against their operations.
Accumulated depreciation is reported on proprietary fund
balance sheets. Depreciation has been provided using the
straight line method over the estimated useful lives, as
follows:
Buildings 30 years
Land Improvements 20 years
Machinery and equipment 3-10 years
Weld County has no long-term liabilities expected to be
financed from governmental funds. If such liabilities
existed, they would be accounted for in the General Long-
Term Debt Account Group, not in the governmental funds. ^1
Noncurrent portions of long-term receivables due to govern-
mental funds are reported on their balance sheets , in spite
of their spending measurement focus. Special reporting
treatments are used to indicate, however, that they should
not be considered "available spendable resources," since
they do not represent net current assets. Recognition of "
governmental fund type revenue represented by noncurrent 1
receivables is deferred until they become current receivables.
Noncurrent portions of long-term loans receivable are offset
by fund balance reserve accounts.
1
30
., , COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS - Continued
, r Year Ended December 31 , 1980
Note 1 - Summary of Significant Accounting Policies - Continued:
BASIS OF ACCOUNTING:
17 Basis of Accounting refers to when revenue and expenditures or
expenses are recognized in the accounts and reported in the
I rig financial statements. Basis of accounting relates to the timing
of the measurements made, regardless of the measurement focus
applied.
The governmental funds and expendable trust funds utilize the
modified accrual basis of accounting. Under this method revenue
is recognized in the year in which it becomes both measurable and
(r available as net current assets.
Revenue susceptible to accrual , that is , measurable and available
to finance the County's operations , or of a material amount and
not received at the normal time of receipt primarily consists of
1) state highway users tax; 2) revenue sharing entitlements; 3)
property taxes, assessed in 1979 payable in 1980; and 4) various
routinely provided services (ambulance and health department).
c
Expenditures are generally recorded when the related fund liabi-
lity is incurred. An exception to this general rule is that
accumulated unpaid sick pay is not accrued.
Proprietary funds and pension trust funds follow the accrual
basis of accounting whereby revenue is recognized in the year in
which it is earned and becomes measurable. Expenses are recorded
when liabilities are incurred.
Agency funds are custodial in nature (assets equal liabilities)
and do not involve measurement of results of operations .
rUnbilled charges for services are recorded in the appropriate
funds at year end.
ENCUMBRANCES:
Weld County utilizes the encumbrance method of recording commit-
ments related to unperformed contracts for goods and services.
Under this method, outstanding encumbrances at year end are
recorded as a reservation of fund balance since they do not
rconstitute expenditures or liabilities. An appropriation is made
L in the subsequent year to provide authority to complete the
transaction.
r.
31
I
COUNTY OF WELD
STATE OF COLORADO I
NOTES TO FINANCIAL STATEMENTS - ContinuedFl
Year Ended December 31 , 1980
Note 1 - Summary of Significant Accounting Policies - Continued: El
BUDGET: ^�
An annual budget and appropriation ordinance is adopted by the _J
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 account-
ing principles for all governmental , proprietary and expendable
trust funds. The accounting system is employed as a budgetary
management control device during the year to monitor the individual
departments (level of classification which expenditures may not
legally exceed appropriations). All annual appropriations lapse
at year end. pi
The Director of Finance and Administration is authorized to
transfer budgeted amounts within departments of each fund. Any 71
revisions that alter the total appropriation for each department
must be approved by the County Commissioners through a supplemental
appropriation ordinance. During 1980, four supplemental appro-
priation ordinances were enacted. 71
INVESTMENTS:
Investments of the pension trust funds are stated at the lower of 1
cost or market.
PROPERTY TAXES: I
Property taxes attach as an enforceable lien on property as of
January 1 . Taxes are levied on January 1 and payable in two
installments on March 1 and August 1 , or in full on April 30.
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 valorum 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 valorum taxation in
the preceeding 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,
32
^1
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1980
Note 1 - Summary of Significant Accounting Policies - Continued:
PROPERTY TAXES - Continued:
and the county is authorized to make such increased levy. How-
ever, no such excess levy shall be granted which will allow a
greater revenue than would be produced by applying the previous
year mill levy to the current years assessed valuation. If the
County Council does not grant an increased levy, or the increase
is beyond that which the council is authorized to grant, the
question may be submitted to the qualified electors of the county
at a general or special election called for that purpose.
Unless authorized by the State Division of Local Government
Section 26-1-12.5, Colorado Revised Statutes (C.R.S. ) 1973,
restricts the maximum mill levy for the Social Services Fund to
2.50 mills . In 1980 the mill levy in Weld County for the Social
Services Fund was 2.24 mills. Section 30-25-201 , C.R.S. 1973
places a similar type restriction on the County General Fund to
5.00 mills. In 1980 Weld County requested and was granted
authority to levy 9.68 mills. Section 25-3-30, C.R.S. 1973
restricts the Weld County General Hospital Trust Fund to 3.00
mills each year. For 1980, the levy was .985 mills.
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.
The January 1 , 1980 levies for the applicable funds of the County
are as follows:
Levy Amount
General Fund 9.680 mills $ 6,556,124
Road and Bridge Fund 4.267 2,889,977
Social Services Fund 2.240 1 ,517,120
Public Works Fund -
County Buildings .075 50,796
Weld County General
Hospital Trust Fund _ .985 667,126
17.247 mills $11 ,681 ,143
. 33
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1980
Note 1 - Summary of Significant Accounting Policies - Continued:
INVENTORIES':
Inventories of governmental funds, which consist of expendable
materials held for consumption, are stated at the lower of cost
or market, determined by the first-in, first-out method. These
funds follow the consumption method of accounting whereby expendi-
tures are recorded at the time the inventory items are used.
Inventories of proprietary funds are recorded at the lower of
cost (average cost) or market.
INTERFUND TRANSACTIONS:
Interfund receivables and payables are not eliminated and are
reflected in the appropriate funds as follows :
Interfund transactions resulting from reimbursements ,
operating transfers , and charges for services rendered, are
recorded as due to or due from other county funds.
Residual equity transfers represent nonrecurring or nonroutine
transfers of equity between funds. All other interfund transfers
are recorded as operating transfers.
SICK-LEAVE AND VACATION PAY:
Sick-leave is earned when vested but recorded as an expenditure
upon payment. In the event of retirement or termination, an
employee is paid for 50% of accumulated sick-leave hours up to
the equivalent of one month. At December 31 ,. 1980, the liability
for accumulated sick-leave approximated $413,000.
Unused vacation time is forfeited annually at December 31 .
DESIGNATED FUND BALANCE:
Fund balance designated for subsequent years' expenditures repre-
sents fund balance commitments for. appropriated expenditures in
excess of anticipated revenue for the year ending December 31 ,
1981 .
34
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1980
Note 1 - Summary of Significant Accounting Policies - Continued:
GRANT REVENUE:
Grant revenue is recognized to the extent of expenditures in-
curred. The portion of the total grant which has not been spent
is reflected as unexpended grant revenue and is represented by
cash and receivables , less related liabilities.
NON-FEDERAL IN-KIND CONTRIBUTIONS:
Volunteers assist the various federally funded programs of the
Human Resources Fund (a special revenue fund) in providing trans-
portation and various other program functions. The volunteer
labor is recognized as a contributed revenue at $3.10 per hour.
Certain volunteer labor is recorded at higher rates based upon
the individual 's professional experience. Volunteer mileage is
recorded at 16c per mile. Donated food, clothing, and other
goods are recognized as contributed revenue at their fair market
value. Included as a separate program are the offsetting in-kind
expenditures.
TOTAL COLUMNS ON GENERAL PURPOSE FINANCIAL STATEMENTS :
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 changes
in financial position in conformity with generally accepted
accounting principles. Neither is such data comparable by a
consolidation. Interfund eliminations have not been made in the
aggregation of this data.
FINANCIAL STATEMENTS NOT INCLUDED:
Financial statements of the Weld County General Hospital are not
included in the Weld County Comprehensive Annual Financial Report
because the hospital is under the direction of an independent
board of trustees. The County does not exert any significant
influence or control over the Hospital Board of Trustees , nor
does it guarantee any of the hospital ' s outstanding debt.
35
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1980
Note 2 - Individual Fund Interfund Receivable and Payable Balances :
Interfund receivable and payable balances at December 31 , 1980, are as
follows:
Interfund Interfund
Receivables Payables
General Fund $ 163,336 $ 103,037
Special Revenue Funds:
Road and Bridge Fund 316,483 264,783
Social Services Fund - 58,468
Federal Revenue Sharing Fund - 285,403
Public Health Fund 1 ,305 1 ,753
Library Fund 24 1 ,347
Human Resources Fund 5,211 100,874
Capital Projects Funds :
Public Works Fund - County Buildings - 4,472
Internal Service Funds:
Motor Vehicle Fund 297,799 31 ,140
Printing and Supply Fund 14,996 -
Computer Services Fund 66,449 11 ,478
Insurance Fund - 2,848
Trust and Agency Funds:
Weld County General Hospital Trust Fund 129,709 129,709
General Agency Fund -
Total $ 995,312 $ 995,312
36
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1980
Note 3 - Changes in General Fixed Assets: •
A summary of changes in general fixed assets follows :
Balance Balance
1/1/80 Additions Deletions 12/30/80
Land $ 869,551 $ 73,618 $ - $ 943,169
Land improvements 221 ,777 - 25,148 196,629
Buildings 14,299,671 241 ,872 - 14,541 ,543
Equipment and
furniture 1,830,922 - 63,449 1 ,767,473
Construction in
progress 28,495 - 28,495 -
Total $17,250,416 $ 315,490 $ 117,092 $ 17,448z814
Note 4 - Capital Lease Obligations:
The following is an analysis of leased property at December 31 , 1980:
Land $ 239,642
The County leases 92 acres of land primarily for the excavation of
gravel . The lease, which expires in 1985, is payable in annual in-
stallments. The County has the option to purchase the land in 1985
for $1 ,100. Minimum commitments under the lease together with the
present value of the net minimum payments are as follows at December
31 , 1980:
Year Ending December 31 ,
1981 $ 56,995
1982 52,924
1983 48,852
1984 43,781
1985 1 ,100
Total minimum payments 203,652
Less amount representing interest 40,810
Present value of net estimated payments 162,842
Current portion 40,710
Capital lease obligations-long term $ 122,132,
37
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1980
Note 5 - Long-term Debt -- Internal Service Funds :
Effective November 1 , 1979, Weld County exercised purchase options
allowed in the annual lease agreements of certain computer equipment.
The purchase agreements, which require 60 monthly payments of $1 ,831
including interest at 8%, are secured by the computer equipment. The
principle balance remaining at December 31 , 1980 is as follows :
Outstanding principal $ 72,994
Current portion of long-term debt 16,738
Long-term debt $ 56,256
Note 6 - Budgets:
An annual expenditure budget is adopted for all governmental , proprie-
tary and expendable trust funds of the county. Revisions made to the
original budget for each fund were as follows :
Original Total Revised
Budget Revisions Budget
General Fund $ 10,330,659 $ 1 ,332,580 $ 11 ,663,239
Special Revenue Funds:
Road and Bridge Fund 6,743,760 1 ,117,405 7,861 ,165
Social Services Fund 8,794,835 1 ,596,129 10,390,964
Federal Revenue Sharing
Fund 1 ,330,432 365,695 1 ,696,127
Conservation Trust Fund 25,810 (7,493) 18,317
Contingent Fund 466,517 - 466,517
Public Health Fund 1 ,717,855 5,969 1 ,723,824
Library Fund 289,603 24,847 314,450
Human Resources Fund 7,935,031 (2,934,986) 5,000,045
Solid Waste Fund 25,000 (24,758) 242
Subdivision Park Site Fund 15,156 1 ,200 16,356
Capital Projects Funds:
Library Expansion Fund - 4,402 4,402
Public Works Fund -
County Buildings 347,800 201 ,015 548,815
Internal Service Funds:
Motor Vehicle Fund 2,551 ,045 1 ,612,441 4,163,486
Printing and Supply Fund 120,323 1 ,106 121 ,429
Computer Services Fund 1 ,565,167 2,900 1 ,568,067
Insurance Fund 429,662 90,000 519,662
Trust and Agency Funds:
Weld County General Hopital
Trust Fund 1 ,021 ,408 250,000 1 ,271 ,408
TOTAL $ 43,710,063 $ 3,638,452 $ 47,348,515
38
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1980
Note 7 - Operating Leases:
On May 30, 1973, the county entered into a lease agreement for a
building used by the Department of Social Services. The term of the
lease is for ten years, commencing April 1 , 1974 and expiring March
31 , 1984. The County has the option to extend the lease for two
additional five year periods. Lease expenditures for the year ended
December 31 . 1980 were $88,551 .
Minimum commitments. at December 31 , 1980 under the lease agreement are
$282,818, payable as follows:
Year Amount
1981 82,776
1982 82,776
1983 82,776
1984 34,490
The County has the option to purchase the building at the termination
of the initial ten year term of the lease. The option purchase price
is the greater of $707,300, or the appraised fair market value at that
time.
The County leases various other buildings. The leases are for one
year terms and will expire in 1981 . Lease expense for the year ended
December 31 , 1980 was $29,965.
The County leases its computer and various peripheral equipment.
These leases are for one year at a time and may be terminated at the
end of that year. Lease expense for the year ended December 31 , 1980
was $382,514.
Note 8 - Weld County Retirement Plan:
The Weld County Retirement Plan is a defined benefit pension plan
covering substantially all permanent full-time employees of Weld
County. Established in 1969, the Plan provides for pension , death and
disability benefits. The total pension expense for the year ended
December 31 , 1980 was $485,484. Based upon the actuarial valuation
report at December 31 , 1980, there is no liability for unfunded past
service cost. There are no statutory funding requirements for the
Weld County Retirement Plan.
39
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1980
Note 8 - Weld County Retirement Plan - Continued:
As a condition of employment, employees are required to become
members of the Plan. Employees are required to contribute 4% of
monthly compensation plus 2% of monthly compensation in excess of
$400. The County will match employee contributions and will make
•
such other contributions as may be necessary to finance prior service
benefits provided by the Plan.
The County reserves the right to discontinue, at its sole discretion,
all County contributions to the Plan. Such discontinuance shall be
deemed to be a complete termination of the Plan. The County also
reserves the right to alter, amend, or terminate the Plan, or any part
thereof, in such manner as it may determine, provided that no retire-
ment benefit payable to any employee shall be less than that provided
by his accumulated contributions. In addition, no part of the Fund is
recoverable by the County until the Plan has satisfied all liabilities
with respect to current and former employees.
Accumulated benefits of the Retirement Plan are those annual pension
benefits that individual participants have accumulated under the
Plan's benefit accrual provision based on their current salary and
service to date. The current value of those accumulated benefits at
December 31 , 1980, detailed below is the aggregate of participants '
accumulated benefits adjusted to reflect the life expectancy of parti-
cipants and discounted for the time value of money (that is, interest).
Actuarial Present Value of Accumulated Plan Benefits:
Vested Benefits :
Active members $ 3,624,333
Retired members and beneficiaries 1 ,294,634
Terminated vested members 31 ,922
4,950,889
Nonvested Benefits 217,224
Total Actuarial Present Value of
Accumulated Plan Benefits $ 5,168,113
The net assets available for benefits, adjusted for unrealized ap-
preciation of investments (fair market value at December 31 , 1980) is
as follows:
Fund balance reserved for
employee benefits $ 6,364,130
Unrealized appreciation
of investments 136,073
Net assets available for benefits $ 6,500,203 ,
40
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS - Continued
Year Ended December 31 , 1980
Note 9 - Legal Actions and Asserted Claims:
The County is currently the defendant in several lawsuits. Legal
counsel is of the opinion that the protected self-insurance program
reserves are sufficient to cover any potential adverse settlements .
In addition, there are several claims asserted against the County.
Based upon the opinion of legal counsel , these claims would be covered
by the protected self-insurance and/or there does not appear to be a
threat of significant liability to the County.
Note 10 - Adjustment of Prior Periods:
Fund balance reserved for employee benefits of the Weld County Re-
tirement Fund (a pension trust fund) at January 1 , 1980 has been
restated to correct a $472,515 understatement of realized gain on
investments in common trust funds. The gain resulted from undistri -
buted reinvested income for the period January 1 , 1973 through December
31 , 1979, previously disclosed and reported to the County by the
trustee of the Fund as unrealized appreciation of investments . Under
the equity method of accounting for investments , this income, although
undistributed, should have been recognized as an increase (realized
gain) in the investment.
41
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GENERAL FUN [)
the General !`un(. 3ccounis In - dti fin )neial transact ons of Jae f rn=t;
rot property oc^ovnted for in other funds. Ordinary operaicn L: e
such ds poilit safety, courty administration and other activit.:. , ti a ,
taxes and genrril revenues are reflected in this fund.
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COUNTY OF WELD EXHIBIT B-1
STATE OF COLORADO
GENERAL FUND
BALANCE SHEET
December 31 , 1980
ASSETS
ASSETS :
Cash with treasurer $ 1 ,710,822
Cash - other 14,034
Receivables (net where applicable of allowance for uncollectibles) :
Accounts - ambulance service 91 ,877
Accounts - other 4,242
Current taxes 10,051 ,227
Delinquent taxes 35,869
Due from other governmental units 35,165
Due from other county funds 163,336
Prepaid expenses 7,862
TOTAL ASSETS $ 12,114,434
LIABILITIES AND FUND BALANCE
LIABILITIES:
Warrants payable $ 846,148
Vouchers payable 172,439
Retainage payable 10,000
Accrued liabilities 523,163
Due to other county funds 103,037
Deferred revenue 10,063,781
Unexpended grant revenue 9,839
Other liabilities 1 ,542
Total Liabilities 11 ,729,949
FUND BALANCE:
Reserved for encumbrances 26,810
Unreserved:
Undesignated 357,675
Total Fund Balance 384,485
TOTAL LIABILITIES AND FUND BALANCE $ 12,114,434
The Notes to Financial Statements are an integral part of this exhibit.
44
COUNTY OF WELD EXHIBIT B-2
STATE OF COLORADO
GENERAL FUND
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
Year Ended December 31 , 1980
REVENUE: (Schedule 1 )
Taxes $ 7,134,067
Licenses and permits 239,547
Intergovernmental revenue 499,431
Charges for services 1 ,701 ,645
Miscellaneous revenue 1 ,351 ,556
Total Revenue 10,926,246
EXPENDITURES: (Schedule 2)
General government 4,626,372
Judicial 576,733
Public safety 3,150,728
Health and hospitals 706,799
Auxiliary services 756,360
Capital outlay 29,149
Intergovernmental expenditures 112,800
Total Expenditures 9,958,941
EXCESS OF REVENUE OVER EXPENDITURES 967,305
OTHER FINANCING SOURCES :
Operating transfers out (Schedule 3) (1 ,418,943)
Total Other Financing Sources (1 ,418,943)
EXCESS OF REVENUE AND OTHER SOURCES OVER
EXPENDITURES (451 ,638)
FUND BALANCE, January 1 , 1980 846,704
RESIDUAL EQUITY TRANSFERS (10,581 )
FUND BALANCE, December 31 , 1980 $ 384,485
The Notes to Financial Statements are an integral part of this exhibit.
45
COUNTY OF WELD _Schedule 1
• STATE OF COLORADO Page 1
GENERAL FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 6,586,508 $ 6,571 ,123 $ 15 ,385
Specific ownership taxes 520,588 496,449 24,139
Penalties and interest on 26,971
delinquent taxes 26,971 -
Total Taxes 7 ,134,067 7,067,572 66,495
LICENSES AND PERMITS:
Business licenses and permits:
Business licenses - liquor 6,189 4,400 1 ,789
Security licenses 2,720 1 ,000 1 ,720
Nonbusiness licenses and permits:
Building permits 170,794 311 ,000 (140,206)
Electrical permits 30,384 30,000 384
Planning commission permits 29,460 44,000 (14,540)
Total Licenses and Permits 239,547 390,400 (150,853)
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
L. E.A.A. Intake/Classification 37,779 46,200 (8,421 )
IV-D Incentive 54,139 50,000 4,139
Other 37,381 55,000 (17,619)
State operating grants: -
Energy Crisis Assistance Program 231 ,618 231 ,618
A-87 Cost Allocation 25,848 30,000 (4,152)
Other 49,126 54,470 (5,344)
State shared revenues:
Cigarette taxes 63,540 59,000 4,540
Total Intergovernmental Revenue 499,431 526,288 _ (26,857)
(Continued on next page)
46
COUNTY OF WELD Schedule 1
STATE OF COLORADO Page 2
GENERAL FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
CHARGES FOR SERVICES:
General government:
Clerk and recorder fees $ 506 ,755 S 608,375 $ (101 ,620)
Treasurer fees 258,747 250,000 8,747
Other 216,467 207,351 9,116
Public safety:
Ambulance service 308,529 302 ,365 6,164
Sheriff fees 63,589 44,375 19 ,214
Other 130,004 21 ,100 108,904
Welfare:
Residential Child Care Facility 94,930 94,700 230
Youth Shelter Home 40,661 48 ,552 (7,891 )
IV-D Administration 81 ,963 83,354 (11391 )
Total Charges for Services 1 ,701 ,645 1 ,660,172 41 ,473
MISCELLANEOUS REVENUE:
Earnings on investments 1 ,048,071 1 ,030,000 18,071
Rents 12,639 16,500 (3,861 )
Royalties 209,556 200 ,000 9,556
Workman's compensation payments 14,975 3,000 11 ,975
Other 66,315 44,000 22 ,315
Total Miscellaneous Revenue 1 ,351 ,556 1 ,293,500 58,056
TOTAL REVENUE $10,926,246 $10,937,932 $ (11 ,686)
The Notes to Financial Statements are an integral part of this schedule.
47
COUNTY OF WELD Schedule 2
STATE OF COLORADO Page 1
GENERAL FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
GENERAL GOVERNMENT:
Commissioners - office of the board $ 163,133 $ 165,240 $ 2,107
County Attorney 221 ,753 229,613 7,860
Public Trustee 913 1 ,050 137.
Planning and zoning 228,898 252,679 23,781
Planning House Bill #1041 8,732 8,790 58
Accounting 187,173 187,173 -
Finance and administration 68,516 68,516 -
Clerk and Recorder 783,461 794,678 11 ,217
Elections 206,415 266,178 57,763
County Treasurer 316,376 316,376 -
County Assessor 556 ,243 581 ,024 24,781
County Council 19,621 56,144 36,523
Personnel 211 ,692 217,152 5,460
Buildings and grounds 767,309 774,115 6,806
County wide communications 224,908 233,645 8,737
Communications 227,954 232,514 4,560
Purchasing 55,474 58,769 3,295
Non-departmental 377,801 378,223 422
Total General Government 4,626,372 4,821 ,879 195,507
JUDICIAL:
District Attorney 576,733 584,856 8,123
Total Judicial 576,733 584,856 8,123
PUBLIC SAFETY:
Civil defense 737 1 ,550 813
Jail 1 ,262,842 1 ,265,343 2,501
County Sheriff - Special _ 3,390 3,914 524
County Sheriff 486,446 494,306 7,860
Police services 1 ,193,546 1 ,193,546 -
Blood alcohol 2,019 2,335 316
County Coroner 37,372 38,094 722
Building inspection 164,376 166,119 1 ,743
Total Public Safety 3,150,728 3,165,207 14,479
(Continued on next page)
48
COUNTY OF WELD Schedule 2
STATE OF COLORADO Page 2
GENERAL FUND
Schedule of Expenditures Compared with Budget - Continued
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
HEALTH AND HOSPITALS:
Weld Mental Health - county
contribution $ 66,150 $ 66,150 $ -
Ambulance service 388,398 398,071 9,673
Pierce ambulance service 3,868 6,000 2,132
Predatory animal control 17,130 17,130 -
County wide animal control 139,484 139,612 128
Pest and weed control 91 ,769 101 ,576 9,807
Total Health and Hospitals 706,799 728,539 21 ,740
AUXILIARY SERVICES:
Extension service 139,848 147,243 7,395
County fair' 41 ,493 44,864 3,371
Exhibition building 47,991 50,182 2,191
Northern Colorado Research Center 3,000 3,000 -
West Greeley soil conservation 12,210 12,266 56
Veteran's office 33,275 33,945 670
Missile park 9,559 10,262 703
Residential child care facility. 94,920 102,490 7,570
Youth shelter home 94,625 98,346 3,721
Intake classification 47,821 67,650 19,829
Energy crisis assistance program 231 ,618 231 ,618 -
Total Auxiliary. Services 756,360 801 ,866 45,506
CAPITAL OUTLAY:
Equipment 29,149 29,149 -
Total Capital Outlay 29,149 29,149 -
INTERGOVERNMENTAL EXPENDITURES:
Larimer-Weld COG 62,800 62,800 -
Weld County Municipal Airport 50,000 50,000 -
Total Intergovernmental
Expenditures 112,800 112,800 -
TOTAL EXPENDITURES $ 9,958,941 $ 10,244,296 $ 285,355
The Notes to Financial Statements are an integral part of this schedule.
49
COUNTY OF WELD Schedule 3
STATE OF COLORADO
GENERAL FUND
Schedule of Operating Transfers out Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING TRANSFERS OUT:
Library Fund $ 237,514 $ 237,514 $ -
Public Health Fund 593,986 583,986 -
Printing and Supply Fund 25,918 25,918 -
Weld County Retirement Fund 41 ,525 41 ,525 -
Road and Bridge Fund 520,000 520,000 -
TOTAL OPERATING TRANSFERS OUT $ 1 ,418,943 $ 1 ,418,943 $ -
The Notes to Financial Statements are an integral part of this schedule.
50
SPECIAL REVENUE
FUNDS
iecia: Recenut uids ire est..o: iishe I to account for taxes or o' re: r
revenues of .ounty whit' finance s�Jecified activities as ^ ,,:ir c.
or all0i ni strat R t act io i.
/�
111k
COL OM o�
•
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1980
Road and Bridge Fund:
The Road and Bridge Fund records all costs related to Weld County road and
bridge construction and maintenance. This fund is also utilized for allo-
cation of monies to cities and towns for use in their road and street
activities.
Social Services Fund:
The Social Services Fund accounts for the various Federal and State public
welfare programs administered by the County.
Federal Revenue Sharing Fund:
Federal Revenue Sharing entitlements and expenditures are recorded in this
fund in accordance with the regulations of the Office of Revenue Sharing.
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
conservation sites within Weld County.
Contingent Fund:
The Contingent Fund records any property tax revenue levied by the Board of
County Commissioners to cover reasonably unforeseen expenditures.
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.
Library Fund:
The Library Fund accounts for revenue and expenditures associated with the
operation of the County library system.
Human Resources Fund:
The Human Resources Fund accounts for various Federal and State human
service grants. Primary funding agencies are DOL, HEW, and CSA.
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 further improvement and development of landfill sites
within the County.
Subdivision Park Site Fund:
The Subdivision Park Site Fund accounts for park fees paid by subdividers
for the purpose of dedicating, developing and/or reserving land for parks
and/or other necessary public purposes.
51
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
December 31 , 1980 1
Federal
Road and Social Revenue Conservation
Bridge Services Sharing Trust
Fund Fund Fund Fund
ASSETS el
ASSETS:
Cash with treasurer $ 1 ,312,980 $ 465,698 $ - $ 3,820
Cash - other - 6,031 - -
Receivables (net where ry
applicable of allowance j
for uncollectibles) :
Accounts 516 39,151 174 -
Contracts 143,409 - - -
Current taxes - 1 ,779,127 - - 7
Delinquent taxes 18,470 8,962 - -
Due from other
governmental units 208,359 7,820 416,028 - )
Due from other
county funds 316,483 - - -
Deposits 5,937 - - -
Inventories 335,416 - - -
Prepaid expenses - 58,468 - - rrr�111
Restricted assets: 7
Cash - 14,729 - - i
TOTAL ASSETS $ 2,341 ,570 $ 2,379,986 $ 416,202 $ 3,820 I
1
1
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1
71
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1
COMBINING STATEM EN T:
INDIVIDUAL F LI N 0 AND
ACCOUNT GROU P
STATEMENTS ,
AND SCHEDULES
� t 1
11'' '� N
Wii'Ic ! ;
r
EXHIBIT C-1
Page 1
rPublic Human Solid Subdivision
Contingent Health Library Resources Waste Park Site
Fund Fund Fund Fund Fund Fund Total
r
r $ 471 ,539 $ 76,569 $ 39,863 $ 226,745 $ 36,881 $ 32,631 $ 2,666,726
325 50 675 - - 7,081
r
- 42,756 - 41 ,699 - - 124,296
- - - 143,409- - -
- - 1 ,779,127
964 - - - - - 28,396
E - 149,764 21 ,000 5,152,976 - - 5,955,947
r.. - 1 ,305 24 5,211 - - 323,023
- - 5,937
- - - - - - 335,416
- 102 467 46,841 - - 105,878
r - - - - - - 14,729
$ 472,503 $ 270,821 $ 61 ,404 $ 5,474,147 $ 36,881 $ 32,631 $ 11 ,489,965
r (Continued on next page)
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COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
December 31 , 1980
•
Federal
Road and Social Revenue Conservation
Bridge Services Sharing Trust
Fund Fund Fund Fund
LIABILITIES AND FUND BALANCE
LIABILITIES:
Vouchers payable $ 66,340 $ . 41 ,155 $ - $ -
Accrued liabilities 143,584 - - -
Payable from restricted
assets:
Child welfare trust
accounts - 14,729 - -
Due to other governmental
units 58,892 409,934 - -
Due to other county funds 264,783 58,468 285,403 -
Deferred revenue 129,782 1 ,788,089 - -
Unexpended grant revenue - - - -
Other liabilities 100 14,443 - -
Total Liabilities 663,481 2,326,818 285,403 -
FUND BALANCE:
Reserved for encumbrances 159,253 - - -
Reserved for non-current
portion of contracts
receivable 113,409 - - -
Unreserved:
Designated for subsequent
years' expenditures 604,209 - - 3,818
Undesignated 801 ,218 53,168 130,799 2
Total Fund Balance _ 1 ,678,089 53,168 130,799 3,820
TOTAL LIABILITIES
AND FUND BALANCE $ 2,341 ,570 $ 2,379,986 $ 416,202 $ 3,820
54
EXHIBIT C-
Page 2
S
Public Human Solid Subdivision
Contingent Health Library Resources Waste Park Site
Fund Fund Fund Fund Fund Fund Total
$ - $ 18,255 $ 5,319 $ 224,871 $ - $ $ 355,94(
16,883 186,018 - - 346,48!
- - - - - - 14,72!
- - - - - - 468,82(
1 ,753 1 ,347 100,874 - - 7.12,621
338 73,711 - - - - 1 ,991 ,92(
79,813 23,827 4,850,458 - - 4,954,091
- - 14,54:
338 173,532 47,376 5,362,221 - - 8,859,16!
- 2,793 296 - - 162,34;
- - - - - - 113,40!
471 ,372 - 16,520 - 33,800 28,404 1 ,158,12:
793 94,496 (2,788) 111 ,926 3,081 4,227 1 ,196,92;
472,165 97,289 14,028 111 ,926 36,881 32,631 2,630,79(
$ 472,503 $ 270,821 $ 61 ,404 $ 5,474,147 $ 36,881 $ 32,631 $ 11 ,489,96!
The Notes to Financial Statements are an integral part of this exhibit.
55
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUE, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended December 31 , 1980
Federal
Road and Social Revenue
Bridge Services Sharing Conservation
Fund Fund Fund Trust
(Schedules (Schedules (Schedules Fund
1 & 2) 3 & 4) 5 & 6) (Schedule 7)
REVENUE:
Taxes $ 3,149,783 $ 1 ,681 ,236 $ - $ -
Licenses and permits 144,334 - - -
Intergovernmental revenue 3,028,762 8,499,683 1 ,550,708 -
Charges for services 59,988 - - -
Fines and forfeits - - - -
Miscellaneous revenue 2,275 - 26,708 -
*Total Revenue 6,385,142 10,180,919 1 ,577,416 -
EXPENDITURES:
County roads and highways 7,436,150 - - -
Health and hospitals - -- - -
Public welfare - 10,254,176 - -
Auxilary services - - - -
Intergovernmental
expenditures - - - 4,498
Total Expenditures 7,436,150 10,254,176 - 4,498
EXCESS (DEFICIENCY) OF
REVENUE OVER EXPENDITURES (1 ,051 ,008) (73,257) 1 ,577,416 (4,498)
OTHER FINANCING SOURCES
(USES) :
Operating transfers in 2,214,413 - - -
Operating transfers out - - .1 ,695,961 ) -
Total Other Financing
Sources (Uses) 2,214,413 - (1 ,695,961 ) -
EXCESS (DEFICIENCY) OF
REVENUE AND OTHER SOURCES
OVER EXPENDITURES AND
OTHER USES 1 ,163,405 (73,257) (118,545) (4,498)
FUND BALANCE (DEFICIT)
January 1 , 1980 514,684 126,425 249,344 8,318
FUND BALANCE (DEFICIT)
December 31 , 1980 $ 1 ,678,089 $ 53,168 $ 130,799 $ 3,820
56
EXHIBIT C.
Public Human Solid Subdivision
Contingent Health Library Resources Waste Park Site
Fund Fund Fund Fund Fund Fund
(Schedule (Schedules (Schedules (Schedules (Schedule. (Schedule
8) 9 & 10) 11 & 12) 13 & 14) 15) _ 16) Total
$ 3,199 $ - $ - $ - $ - $ - $ 4,834,21
144,33
855,326 28,977 4,201 ,366 - - 18,164,82
- 158,747 21 ,294 - 28,701 4,226 272,95
- - 3,064 - - - 3,06
1 ,268 707,852 - - 738,10
3,199 1 ,014,073 54,603 4,909,218 28,701 4,226 24,157,49
- - - - 7,436,15i
• - 1 ,475,444 - - - - 1 ,475,44,
- - 10,254,17+
- 313,909 4,855,950 242 - 5,170,10'
- - - 1 ,200 5,692
- 1 ,475,444 313,909 4,855,950 242 1 ,200 24,341 ,56
3,199 (461 ,371 ) (259,306) 53,268 28,459 3,026 (184,07
- 593,986 237,514 - - - 3,045,91:
- - - - - (1 ,695,961
- 593,986 237,514 - - - 1 ,349,952
3,199 132,615 (21 ,792) 53,268 28,459 3,026 1 ,165,880
468,966 (35,326) 35,820 58,658 8,422 29,605 1 ,464,916
$ 472,165 $ 97,289 $ 14,028 $ 111 ,926 $ 36,881 $ 32,631 $ 2,630,796
57
The Notes to Financial Statements are an integral part of this exhibit.
COUNTY OF WELD Schedule 1
STATE OF COLORADO
SPECIAL REVENUE FUNDS
BRAD AND BRIDGE FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 2,908,422 $ 2,889,977 $ 18,445
Specific ownership taxes 229,472 217,741 11 ,731
Penalties and interest on
delinquent taxes 11 ,889 9,000 2,889
Total Taxes 3,149,783 3,116,718 33,065
LICENSES AND PERMITS:
Nonbusiness licenses and permits:
Moving permits 144,334 88,000 56,334
Total Licenses and Permits 144,334 88,000 56,334
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
Bankhead-Jones Grazing Act 21 ,115 15,000 6,115
Mineral leasing act 48,962 30,000 18,962
Federal payments in lieu of taxes 45,088 40,000 5,088
State shared revenue:
Highway users tax 2,740,836 2,638,749 102 ,087
Motor vehicle registration fees 172,761 202,000 (29,239)
Total Intergovernmental Revenue 3,028,762 2,925,749 103,013
CHARGES FOR SERVICES:
County roads and highways
Materials and maintenance 59,988 1 ,600 58,388
Total Charges for Services 59,988 1 ,600 58,388
MISCELLANEOUS REVENUE:
Payments for damages 600 500 100
Miscellaneous 1 ,215 1 ,500 (285)
Rent 460 -- 460
Total Miscellaneous Revenue 2,275 2000 275
TOTAL REVENUE $ 6,385,142 $ 6,134,067 $ 251 ,075_
The Notes to Financial Statements are an integral part of this schedule.
58
COUNTY OF WELD Schedule 2
STATE OF COLORADO
SPECIAL REVENUE FUNDS
ROAD AND BRIDGE FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
COUNTY ROADS AND HIGHWAYS:
Engineering and administration $ 631 ,716 $ 647,239 $ 15,523
Road maintenance 1 ,788,735 1 ,830,782 42,047
Reserve/temporary 204,098 210,703 6,605
Production 3,418,231 3,629,785 211 ,554
Municipalities 529,887 533,979 4,092
Easements and rights of way 11 ,860 15,000 3,140
Bridge and culvert group 851 ,623 993,677 142,054
Total County Roads and Highways 7,436,150 7,861 ,165 425,015
TOTAL EXPENDITURES $ 7,436,150 $ 7,861 ,165 $ 425,015
Schedule of Operating Transfers in Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS IN:
General Fund $ 520,000 $ 520,000 $ -
Federal Revenue Sharing Fund 1 ,694,413 1 ,694,413 -
TOTAL OPERATING TRANSFERS IN $ 2,214,413 $ 2,214,413 $ -
The Notes to Financial Statements are an integral part of this schedule.
59
COUNTY OF WELD Schedule 3
STATE OF COLORADO
SPECIAL REVENUE FUNDS
SOCIAL SERVICES FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 1 ,554,526 $ 1 ,517,119 $ 37,407
Specific ownership taxes 120,468 120,468 -
Penalties and interest on
delinquent taxes •
6,242 - 6,242
Total Taxes 1 ,681 ,236 1 ,637,587 43,649
INTERGOVERNMENTAL REVENUE:
State Operating Grants :
Administration 1 ,524,849 1 ,616,897 (92,048)
Services 1 ,570 7,040 (5,470)
IV-D administration 128,552 137,925 (9,373)
Aid to families with
dependent children 3,277,767 3,277,767 -
AFDC - foster care 75,042 84,800 (9,758)
Aid to the blind 3,672 7,680 (4,008)
Aid to needy disabled 261 ,636 280,000 (18,364)
Day care - ordinary 401 ,521 397,200 4,321
Child welfare 910,426 910,426 -
Old age pension 1 ,431 ,828 1 ,431 ,828 -
Indo-Chinese refugee assistance 16,383 16,383 -
Medical transportation 6,561 7,500 (939)
• Day care - WIN 19,505 25,200 (5,695)
General assistance 16,933 16,933 -
Energy assistance 423,438 423,438 -
Total Intergovernmental Revenue 8,499,683 8,641 ,017 (141 ,334)
TOTAL REVENUE $ 10,180,919 $ 10,278,604 $ (97,685)
•
The Notes to Financial Statements are an integral part of this schedule.
60
COUNTY OF WELD Schedule 4
STATE OF COLORADO
SPECIAL REVENUE FUNDS
SOCIAL SERVICES FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
PUBLIC WELFARE:
Administration $ 2,008,693 $ 2,079,235 $ 70,542
Services 1 ,962 8,800 6,838
IV-D administration 185,812 185,812 -
Aid to families with dependent children 4,309,666 4,309,666 -
' AFDC - foster care 93,614 106,000 12,386
Aid to the blind 4,590 9,600 5,010
Aid to needy disabled 322,083 350,000 27,917
Day care - ordinary 493,172 500,000 6,828
Child welfare 814,438 814,438 -
Old age pension 1 ,433,350 1 ,433,350 -
Indo-Chinese refugee assistance 16,583 16,583 -
Medical transportation 6,561 7,500 939
Day care - WIN 21 ,672 28,000 6,328
General assistance 118,542 118,542 -
Energy assistance 423,438 423,438 -
Total Public Welfare 10,2.54,176 10,390,964 136 ,788
TOTAL EXPENDITURES $ 10,254,176 $ 10,390,964 $ 136,788
The Notes to Financial Statements are an integral part of this schedule.
61
COUNTY OF WELD Schedule 5
STATE OF COLORADO
SPECIAL REVENUE FUNDS
FEDERAL REVENUE SHARING FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
INTERGOVERNMENTAL REVENUE :
Federal entitlements $ 1 ,550 ,708 $ 1 ,441 ,075 $ 109,633
Total Intergovernmental Revenue 1 ,550 ,708 1 ,441 ,075 _ 109 ,633
MISCELLANEOUS REVENUE :
Earnings on investments 26,708 5,708 21 ,000
Total Miscellaneous Revenue 26,708 5 ,708 21 ,000
TOTAL REVENUE $ 1 ,577,416 $ 1 ,446,783 $ 130,633
The Notes to Financial Statements are an integral part of this schedule.
62
COUNTY OF WELD Schedule 6
STATE OF COLORADO
SPECIAL REVENUE FUNDS
FEDERAL REVENUE SHARING FUND
Schedule of Operating Transfers out Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING TRANSFERS OUT:
Road and Bridge Fund $ 1 ,694,413 $ 1 ,694,413 $Library Expansion Fund 1 ,548 1 ,714 166
TOTAL OPERATING TRANSFERS OUT $ 1 ,695,961 $ 1 ,696,127 $ 166
The Notes to Financial Statements are an integral part of this schedule.
63
COUNTY OF WELD Schedule 7
STATE OF COLORADO
SPECIAL REVENUE FUNDS
CONSERVATION TRUST FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
INTERGOVERNMENTAL EXPENDITURES:
Grants-in-aid to cities and towns $ 4,498 $ 18,317 $ 13,819
Total Intergovernmental
Expenditures 4,498 18,317 13,819
TOTAL EXPENDITURES $ 4,498 $ 18,317 $ 13,819
The Notes to Financial Statements are an integral part of this schedule.
64
COUNTY OF WELD Schedule 8
STATE OF COLORADO
SPECIAL REVENUE FUNDS
CONTINGENT FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 3,199 $ - $ 3,199
Total Taxes 3,199 - 3,199
TOTAL REVENUE $ 3,199 $ - $ 3,199
Schedule of Operating Transfers out Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING TRANSFERS OUT:
Undesignated $ - $ 466,517 $ 466,517
TOTAL OPERATING TRANSFERS OUT $ - $ 466,517 $ 466,517
The Notes to Financial Statements are an integral part of this schedule.
65
COUNTY OF WELD Schedule 9
STATE OF COLORADO
SPECIAL REVENUE FUNDS
PUBLIC HEALTH FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
National Institute on Alcohol
Abuse and Alcoholism (NIAAA) $ 9,600 $ 89,243 $ (79,643
Medicare 191 ,795 213,474 (21 ,679
Medicaid 12,678 8,809 3,869
Other 20,816 - 20,816
State operating grants:
State per capita 140,316 135,194 5,122
Alcohol rehabilitation 190,664 215,006 (24,342)
Family planning 70,386 70,793 (407)
Homemaker aide 97,292 123,975 (26,683)
Other 121 ,779 80,387 41 ,392
Total Intergovernmental Revenue 855,326 936,881 (81 ,555)
CHARGES FOR SERVICES:
Health:
Vital statistics 9,007 7,600 1 ,407
Laboratory 10,642 18,866 (8,224)
Alcohol rehabilitation 54,955 37,688 17,267
Nursing 14,887 15,485 (598)
Home health care 14,849 43,417 (28,568)
Environmental health 44,958 51 ,434 (6,476)
Other 9,449 16,748 (7,299)
Total Charges for Services 158,747 191 ,238 (32,491 )
TOTAL REVENUE $ 1 ,014,073 $ 1 ,128,119 $ (114,046)
The Notes to Financial Statements are an integral part of this schedule.
66
COUNTY OF WELD Schedule 10
STATE OF COLORADO
SPECIAL REVENUE FUNDS
PUBLIC HEALTH FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
HEALTH AND HOSPITALS :
Administration $ 19,881 $ 19,881 $ -
Health education 28,870 28,870 -
Laboratory 108,512 129,571 21 ,059
Alcohol rehabilitation 294,175 352,835 58,660
General nursing 504,660 513,436 8,776
Home health care 310,648 462,564 151 ,916
Environmental health 208,698 216,667 7 ,969
Total Health and Hospitals 1 ,475,44.4 1 ,723,824 248,380
TOTAL EXPENDITURES $ 1 ,475,4 .4 $ 1 ,723,824 $ 248,380
Schedule of Operating Transfers in Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS IN:
General Fund $ 593,986 $ 593,986 $ -
TOTAL OPERATING TRANSFERS IN $ 593,986 $ 593,986 $ -
The Notes to Financial Statements are an integral part of this schedule.
67
COUNTY OF WELD Schedule 11
STATE OF COLORADO
SPECIAL REVENUE FUNDS
LIBRARY FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
INTERGOVERNMENTAL REVENUE:
State Operating Grants :
System Area Resource Center $ 28,977 $ 28,977 $ -
Total Intergovernmental Revenue 28,977 28,977 -
CHARGES FOR SERVICES:
Payment-for-lending 20,402 20,400 2
Other 892 - 892
Total Charges for Services 21 ,294 20 ,400 894
FINES AND FORFEITS:
Library fines 3 ,064 3,600 (536)
Total Fines and Forfeits 3 ,064 3,600 (536)
MISCELLANEOUS REVENUE:
Rent 450 600 (150)
Other 350 - 350
Donations 468 - 468
Total Miscellaneous Revenue 1 ,268 600 668
TOTAL REVENUE $ 54,603 $ 53,577 $ 1 ,026
The Notes to Financial Statements are an integral part of this schedule.
68
COUNTY OF WELD Schedule 12
STATE OF COLORADO
SPECIAL REVENUE FUNDS
LIBRARY FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1930
Variance
Favorable
Actual Budget (Unfavorable)
AUXILIARY SERVICES:
Weld County Library $ 284,606 $ 284,606 $ -
System Area Resource Center 28,977 28,977 -
Expenditures from donations 326 867 541
Total Auxiliary Services 313,909 314,450 541
TOTAL EXPENDITURES $ 313,909 $ 314,450 $ 541
Schedule of Operating Transfers in Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS IN:
General Fund $ 237 ,514 $ 237,514 $ -
TOTAL OPERATING TRANSFERS IN $ 237 ,514 $ 237,514 $ -
The Notes to Financial Statements are an integral part of this schedule.
69
COUNTY OF WELD Schedule 13
STATE OF COLORADO
SPECIAL REVENUE FUNDS
HUMAN ;RESOUR';CES FUND
Schedule of Revenue Compared.with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
INTERGOVERNMENTAL REVENUE:
Federal Operating Grants:
Job Service $ 187,477 $ 192,691 $ (5,214)
Employment Opportunity Pilot Program 1 ,001 ,470 1 ,001 ,470 -
Comprehensive Employment and Training Act 1 ,949,907 1 ,949,907 -
Community Services Administration 147,816 170,657 (22,841 )
Headstart 353,751 368,166 (14,415)
Supplemental Foods 59,212 59,212 -
Work Incentive 118,351 118,351 -
State Operating Grants :
Weatherization 124,204 162,372 (38,168)
Senior Nutrition 154,392 204,834 (50,442)
Area Agency on Aging 62,994 106,000 (43,006)
Local Sources:
Transportation 41 ,792. 15,000 26,792
Total Intergovernmental Revenue 4,201 ,366 4,348,660 (147,294)
MISCELLANEOUS REVENUE:
Program Income 56,467 - 56,467
Non-Federal in-kind contributions 651 ,385 651 ,385 -
Total Miscellaneous Revenue 707,852 651 ,385 (56,467)
TOTAL REVENUE $ 4,909,218 $ 5,000,045 $ (90,827)
The Notes to Financial Statements are an integral part of this schedule.
70
COUNTY OF WELD Schedule 14
STATE OF COLORADO
SPECIAL !REVENUE FUNDS
HUMAN RESOURCES FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
AUXILIARY SERVICES:
Job Service $ 187,477 $ 192,691 $ 5,214
Employment Opportunity Pilot Program 1 ,001 ,470 1 ,001 ,470 -
Comprehensive Employment and Training Act 1 ,949,907 1 ,949,907 -
Community Services Administration 147,816 170,657 22,841
Headstart 363,393 368,166 4,773
Supplemental Foods 41 ,048 59,212 18,164
Work Incentive 118,351 118,351 -
Weatherization 124,204 162,372 38,168
Senior Nutrition 197,778 204,834 7,056
Area Agency on Aging 62,994 106,000 43,006
Transportation 10,127 15,000 4,873
In-kind expenditures :
Job Service 12,897 12,897 -
Employment Opportunity Pilot Program 16,541 16,541 -
Comprehensive Employment and Training Act 19,625 19,625 -
Comnunity Services Administration 353,625 353,625 -
Headstart 118,702 118,702 -
Work Incentive 7,009 7,009 -
Weatherization 56,072 56,072 -
Senior Nutrition 66,914 66,914 -
Total Auxiliary Services 4,855,950 5,000,045 144,095
TOTAL EXPENDITURES $ 4,855,950 $ 5,000,045 $ 144,095
The Notes to Financial Statements are an integral part of this schedule.
71
COUNTY OF WELD Schedule 15
STATE OF COLORADO
SPECIAL REVENUE FUNDS
SOLID WASTE FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
CHARGES FOR SERVICES:
Surcharge on dumping fees $ 28,701 $ 20,000 $ 8,701
Total Charges for Services 28,701 20,000 8,701
TOTAL REVENUE $ 28,701 $ 20,000 $ 8,701
Schedule of Expenditures Compared with. Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
AUXILIARY SERVICES:
Other $ 242 $ 242 $ -
Total Auxiliary Services _ 242 242 -
TOTAL EXPENDITURES $ 242 $ 242 $ -
The Notes to Financial Statements are an integral part of this schedule.
72
COUNTY OF WELD Schedule 16
STATE OF COLORADO
SPECIAL REVENUE FUNDS
SUBDIVISION PARK SITE FUNI)
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1930
Variance
Favorable
Actual Estimate (Unfavorable)
CHARGES FOR SERVICES:
Park fees $ 4,226 $ - $ 4,226
Total Charges for Services 4,226 - 4,226
TOTAL REVENUE $ 4,226 $ - $ 4,226
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
INTERGOVERNMENTAL EXPENDITURES:
Grants-in-aid to cities and towns $ 1 ,200 $ 16,356 $ 15 ,156
Total Intergovernmental Expenditures 1 ,200 16 ,356 15 ,156
TOTAL EXPENDITURES $ 1 ,200 $ 16,356 $ 15,156
The Notes to Financial Statements are an integral part of this schedule.
73
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74
CAPITAL PR �C)J E T 'a
FUNDS
rp-t 41 Pr rject., I una, arc eb; isl-ed a account for `1nor r al sot r .
for the acgri.,i -lo€n or inpravemen' of the capital fa tit s e th(
J �1
Whip n�
coup R , DC
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
EXPLANATIONS OF INDIVIDUAL, FUNDS
December 31 , 1980
Library Expansion Fund:
The Library Expansion Fund records construction costs of the
library expansion project.
Public Works Fund - County Buildings :
This fund accounts for various capital improvement projects on
County buildings.
75
COUNTY OF WELD EXHIBIT 0-1
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
December 31 , 1980
Public Works
Library Fund -
Expansion County
Fund Buildings Total
ASSETS
ASSETS:
Cash with treasurer $ - $ 244,823 $ 244,823
Receivables (net where applicable of
allowance for uncollectibles) :
Accounts - 26 26
Current taxes - 125,146 125,146
Delinquent taxes - 2,067 2,067
TOTAL ASSETS $ - $ 372,062 $ 372,062
LIABILITIES AND FUND BALANCE
LIABILITIES:
Retainage payable $ - $ 1 ,497 $ 1 ,497
Due to other county.funds - 4,472 4,472
Deferred revenue - 125,869 125,869
Total Liabilities - 131 ,838 131 ,838
FUND BALANCE:
Reserved for encumbrances - 39,736 39,736
Unreserved:
Designated for subsequent years'
expenditures - 146,429 146,429
Undesignated - 54,059 54,059
Total Fund Balance - 240,224 240,224
TOTAL LIABILITIES AND FUND BALANCE $ - $ 372,062 $ 372,062
The Notes to Financial Statements are an integral part of this exhibit.
76
• COUNTY OF WELD EXHIBIT D-2
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUE, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended December 31 , 1980.
Library Public Works
Expansion Fund -
Fund County
(Schedules Buildings
1 and 21_ (Schedule 3) Total
REVENUE:
Taxes $ 41 $ 57,584 $ 57,625
Miscellaneous revenue 30 - 30
Total Revenue 71 57,584 57,655
EXPENDITURES:
Capital outlay 4,305 311 ,435 315,740
Total Expenditures 4,305 311 ,435 315,740
EXCESS (DEFICIENCY) OF REVENUE OVER
EXPENDITURES (4,234) (253,851 ) (258,085)
OTHER FINANCING SOURCES:
Operating transfers in 1 ,548 - 1 ,548
Total Other Financing Sources 1 ,548 - 1 ,548
EXCESS (DEFICIENCY) OF REVENUE AND OTHER
SOURCES OVER EXPENDITURES (2,686) (253,851 ) (256,537)
FUND BALANCE, January 1 , 1980 2,686 494,075 496,761
FUND BALANCE, December 31 , 1980 $ - $ 240,224 $ 240,224
The Notes to Financial Statements are an integral part of this exhibit.
77
COUNTY OF WELD Schedule 1
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
LIBRARY EXPANSION FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual _ Estimate (Unfavorable)
TAXES:
General property taxes $ 26 $ - $ 26
Interest and penalties on
delinquent taxes 15 - 15
Total Taxes 41 - 41
MISCELLANEOUS REVENUE:
Earnings on investments 30 - 30
Total Miscellaneous Revenue 30 - 30
TOTAL REVENUE $ 71 $ - $ 71
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
CAPITAL OUTLAY:
Buildings $ 1 ,476 $ 1 ,527 $ 51
Furniture and fixtures 2,829 2,875 46
Total Capital Outlay 4,305 4,402 97
TOTAL EXPENDITURES $ 4,305 $ 4,402 $ 97
The Notes to Financial Statements are an integral part of this schedule.
78
COUNTY OF WELD Schedule 2
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
LIBRARY EXPANSION FUND
Schedule of Operating Transfers in CompEred with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS IN:
Federal Revenue Sharing Fund $ 1 ,548 $ 1 ,723 $ (175)
TOTAL OPERATING TRANSFERS IN $ 1 ,548 $ 1 ,723 $ (175)
The Notes to Financial Statements are an integral part of this schedule.
79
COUNTY OF WELD Schedule 3
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
PUBLIC WORKS FUND - COUNTY BUILDINGS
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 53,340 $ 50,796 $ 2,544
Specific ownership taxes 4,035 3,946 89
Interest and penalties on
delinquent taxes 209 - 209
Total Taxes 57,584 54,742 2 ,842
TOTAL REVENUE $ 57 ,584 $ 54,742 $ 2,842
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
CAPITAL OUTLAY:
Building improvements $ 311 ,435 $ 548,815 $ 237,380
Total Capital Outlay 311 ,435 548,815 237,380
TOTAL EXPENDITURES $ 311 ,435 $ 548,815 $ 237,380
The Notes to Financial Statements are an integral part of this schedule.
80
INTERNAL SE VICE
FUNDS
I stern. i be--vie e F end.. aro I iis:i d t ) account '.'nr yuods -e xi a-v e e
)roviceid .o rtie- <ir ,ar of Cie Cninty on a eus .- re_noel— eia3 ' b
it ford\
t_ `N '
Wilts o
COLOR.' )O
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1980
Motor Vehicle Fund:
This fund accounts for the revenue and costs generated by
equipment and vehicles rented to the Road and Bridge Fund and to
various departments of other County funds.
Printing and Supply Fund:
This fund accounts for revenue and costs associated with providing
printing services and the supply and stores function of the County.
Computer Services Fund:
This fund accounts for all data processing services provided to both
• Weld and Boulder counties on a cost-reimbursement basis.
Insurance Fund:
This fund accounts for all insurance cost for the County. The program
is a combination of insured risks and protected self-insurance risks.
81
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85
COUNTY OF WELD Schedule 1
STATE OF COLORADO
INTERNAL SERVICE FUNDS
MOTOR VEHICLE FUND
Schedule of Operating Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING REVENUE:
Charges for services $ 2,508,996 $ 2,566,305 $ (57,309)
TOTAL OPERATING REVENUE $ 2,508,996 $ 2,566,305 $ (57,309)
Schedule of Operating Expenses Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING EXPENSES :
Personnel services $ 394,617 $ 393,605 $ (1 ,012)
Contractual services 8,149 3,150 (4,999)
Supplies 27,673 18,800 (8,873)
Materials 1 ,180,754 1 ,191 ,501 10,747
Heat, light and power 40,250 30,000 (10 ,250)
Depreciation 829,405 912,000 82,595
Repairs and maintenance 17,702 2 ,500 (15 ,202)
Other expenses 32,525 57 ,250 24,725
TOTAL OPERATING EXPENSES $ 2,531 ,075 $ 2,608,806 $ 77:731
The Notes to Financial Statements are an integral part of this schedule.
86
COUNTY OF WELD Schedule 2
STATE OF COLORADO
INTERNAL SERVICE FUNDS
MOTOR VEHICLE FUND
Schedule of Nonoperating Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
NONOPERATING REVENUE:
Farm income $ 26,749 $ 20,000 $ 6,749
Gain on sale of fixed assets 148,642 324,000 (175,358)
TOTAL NONOPERATING REVENUE $ 175,391 $ 344,000 $ (168,609)
Schedule of Fixed Asset Acquisitions Compared with Budget
Year Ended December 31 , 1980
• Variance
Favorable
Actual _ Budget (Unfavorable)
FIXED ASSET ACQUISITIONS:
Land $ 239,642 $ 76,800 $ (162,842)
Machinery and equipment 1 ,042,104 1 ,477,880 435,776
TOTAL FIXED ACQUISITIONS $ 1 ,281 ,746 $ 1 ,554,680 $ 272,934
The Notes to Financial Statements are an integral part of this schedule.
87
COUNTY OF WELD Schedule 3
STATE OF COLORADO
INTERNAL SERVICE FUNDS
PRINTING AND SUPPLY FUND
Schedule of Operating Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING REVENUE:
Charges for services $ 99,461 $ 120,323 $ (20,862)
TOTAL OPERATING REVENUE $ 99,461 $ 120,323 $ (20,862)
Schedule of Operating Expenses Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual _ Budget (Unfavorable)
OPERATING EXPENSES:
Personnel services $ 23,512 $ 23,481 $ (31 )
Contractual services 362 200 (162)
Supplies 4,536 6,000 1 ,464
Materials 63,717 76,124 12,407
Depreciation 6,260 9,566 3,306.
Repairs and maintenance 7,957 6,033 (1 ,924)
Other expenses 11 25 14
TOTAL OPERATING EXPENSES $ 106,355 $ 121 ,429 $ 15,074
The Notes to Financial Statements are an integral part of this schedule.
88
COUNTY OF WELD Schedule 4
STATE OF COLORADO
INTERNAL SERVICE FUNDS •
PRINTING AND SUPPLY FUND
Schedule of Operating Transfers in Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS IN:
General Fund $ 25,918 $ 25,918 $ -
TOTAL OPERATING TRANSFERS IN $ 25,918 $ 25,918 $ -
The Notes to Financial Statements are an integral part of this schedule.
89
COUNTY OF WELD Schedule 5
STATE OF COLORADO
INTERNAL SERVICE FUNDS
COMPUTER SERVICES FUND
Schedule of Operating Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING REVENUE:
Charges for services $ 1 ,405,652 $ 1 ,565,167 $ (159,515)
TOTAL OPERATING REVENUE $ 1 ,405,652 $ 1,565,167 $ (159,515)
Schedule of Operating Expenses Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING EXPENSES:
Personnel services $ 712,047 $ 805,321 $ 93,274
Contractual services 96,216 102,214 5,998
Supplies 60,460 32,296 (28,164)
Depreciation 24,304 - (24,304)
Other expenses 436,495 628,236 191 ,741
TOTAL OPERATING EXPENSES $ 1 ,329,522 $ 1 ,568,067 $ 2382545
The Notes to Financial Statements are an integral part of this schedule.
90
COUNTY OF WELD Schedule 6
STATE OF COLORADO
INTERNAL SERVICE FUNDS
COMPUTER SERVICES FUND
Schedule of Nonoperating Expenses Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
NONOPERATING EXPENSES:
Interest expense $ 10,166 $ - $(10 ,166
Loss on sale of fixed assets 65,964 - (65,964,
TOTAL NONOPERATING EXPENSES $ 76,130 $ - $(76,130;
The Notes to Financial Statements are an integral part of this schedule.
91
COUNTY OF WELD Schedule 7
STATE OF COLORADO
INTERNAL SERVICE FUNDS
INSURANCE FUND
Schedule of Operating Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING REVENUE:
Charges for services $ 431 ,382 $ 431 ,500 $ (118)
TOTAL OPERATING REVENUE $ 431 ,382 $ 431 ,500 $ (118)
Schedule of Operating Expenses Compared with Budget
. Year Ended December 31 , 1980
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING EXPENSES:
Contractual services $ 30,227 $ 60,000 $ 29,773
Supplies 125 - (125)
Insurance and Bonds 388,834 408,362 19,528
Claims 32,927 50,000 17,073
Other expenses 1 ,287 1 ,300 13
TOTAL OPERATING EXPENSES $ 453,400 $ 519,662 $ 66,262
The Notes to Financial Statements are an integral part of this schedule.
92
COUNTY OF WELD Schedule 8
STATE OF COLORADO
INTERNAL SERVICE FUNDS
INSURANCE FUND
Schedule of Nonoperating Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
• Actual Estimate (Unfavorable)
NONOPERATING REVENUE:
Earnings on investments $ 23,454 $ 23,00.0 $ 454
Judgements and damages 8,641 - 8,641
Dividends 34,977 - 34,977
TOTAL NONOPERATING REVENUE $ 67,072 $ 23,000 $ 44,072
The Notes to Financial Statements are an integral part of this schedule
93
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94
COUNTY .OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1980
Pension Trust Funds:
Weld County Retirement Fund:
The Weld County Retirement Fund accounts for the defined
benefit retirement pension plan which covers substantially all
permanent, full-time employees of Weld County.
Expendable Trust Funds:
Weld County General Hospital Trust Fund:
This fund accounts for the revenue and related capital expendi-
tures as requested by the Weld County General Hospital Board of
Trustees, an autonomous board responsible for administering
the operations of the hospital .
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.
95
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
COMBINING BALANCE SHEET
December 31 , 1980
Pension Trust
Weld County
Retirement Fund
ASSETS
ASSETS:
Cash -with treasurer $ -
Cash - other 1 ,602
Investments 6,218,539
Receivables (net where applicable of allowance
for uncollectibles) :
Accounts 137,852
Current taxes -
Delinquent taxes -
Due from other county funds -
Prepaid expenses 13,207
TOTAL ASSETS $ 6,371 ,200
LIABILITIES AND FUND BALANCE
LIABILITIES:
Vouchers payable $ 7,070
Due to other governmental units -
Due to other county funds -
Deferred revenue -
Total Liabilities 7,070
FUND BALANCE:
Reserved for employee benefits 6,364,130
Unreserved:
Undesignated -
Total Fund Balance 6,364,130
TOTAL LIABILITIES AND FUND BALANCE $ 6,371 ,200
The Notes to Financial Statements are an integral part of this exhibit.
96
L
EXHIBIT F-1
Expendable Trust Agency _
Weld County General
General Hospital Trust Fund Agency Fund Total
$ 157,957 $ 3,709,801 $ 3,867,758
1 ,602
- - 6,218,539
- 137,852
666,715 - 666,715
4,464 - 4,464
129,709 129,709
- - 13,207
$ 829,136 $ 3,839,510 $ 11 ,039,846
$ 30,000 $ - $ 37,070
3,839,510 3,839,510
129,709 - 129,709
668,278 - 668,278
827,987 3,839,510 4,674,567
_ - 6,364,130
1 ,149 - 1 ,149
1 ,149 - 6,365 ,279
$ 829,136 $ 3,839,510 $ 11 ,039,846
97
COUNTY OF WELD EXHIBIT F-2
STATE OF COLORADO
TRUST AND AGENCY FUNDS
STATEMENT OF REVENUE, EXPENSES AND CHANGES IN FUND BALANCE
- ALL PENSION TRUST FUNDS
Year Ended December 31 , 1980
Weld County
Retirement Fund
OPERATING REVENUE:
EE..rnings on investments $ 578,013
Contributions 970 ,968
Total Operating Revenue 1 ,548,981
OPERATING EXPENSES:
Benefit payments 147,539
Refunds 189,421
Administrative expenses (Schedule 1 ) 41 ,710
Total Operating Expenses 378,670
Income Before Operating Transfers 1 ,170,311
OPERATING TRANSFERS IN:
General Fund 41 ,525
Total Operating Transfers In 41 ,525
Net Income 1 ,211 ,836
FUND BALANCE, January 1 , 1980 4,679,779
Adjustment of prior periods (Note 10) 472 ,515
FUND BALANCE, January 1 , 1980, as restated 5,152,294
FUND BALANCE, December 31 , 1980 $ 6 ,364,130
The Notes to Financial Statements are an integral part of this exhibit.
98
COUNTY OF WELD EXHIBIT F-3
STATE OF COLORADO
TRUST AND AGENCY FUNDS
STATEMENT OF CHANGES IN FINANCIAL POSITION
- ALL PENSION TRUST FUNDS
Year Ended December 31 , 1980
Weld County
Retirement Fund
WORKING CAPITAL PROVIDED:
Net Income (EXHIBIT F-2) $ 1 ,211 ,836
Working capital provided from operations 1 ,211 ,836
Total Working Capital Provided 1 ,211 ,836
WORKING CAPITAL APPLIED
INCREASE IN WORKING CAPITAL $ 1 ,211 ,836
CHANGES IN COMPONENTS OF WORKING CAPITAL:
Increase (decrease) in current assets :
Cash - other $ (789)
Investments 1 ,198,749
Receivables:
Accounts 18 ,597
Prepaid expenses 2 ,196
Net increase in current assets 1 ,218,753
Increase in current liabilities:
Vouchers payable 6,917
Net increase in current liabilities 6,917
INCREASE IN WORKING CAPITAL $ 1 ,211 ,836
The Notes to Financial Statements are an integral part of this exhibit.
99
•
COUNTY OF WELD EXHIBIT F-4
STATE OF COLORADO
TRUST AND AGENCY FUNDS
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
- ALL EXPENDABLE TRUST FUNDS
Year Ended December 31 , 1980
Weld County
General Hospital
Trust Fund
REVENUE (Schedule 2) :
Taxes $ 727,581
Miscellaneous revenue 41 ,190
Total Revenue 768,771
EXPENDITURES (Schedule 2) :
Capital Outlay 1 ,270,746
Total Expenditures 1 ,270,746
EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES (501 ,975)
FUND BALANCE, January 1 , 1980 503,124
FUND BALANCE, December 31 , 1980 $ 1 ,149
The Notes to Financial Statements are an integral part of this exhibit.
100
COUNTY OF WELD EXHIBIT F-5
STATE OF COLORADO
TRUST AND AGENCY FUNDS
COMBINING STATEMENT OF CHANGES IN ASSETS
AND LIABILITIES - ALL AGENCY FADS
Year Ended December 31 , 1980
Balance Balance
1/1/80 Additions Deductions 12/31/80
GENERAL AGENCY FUND
ASSETS:
Cash with treasurer $ 4,254,734 $ 81 ,068,950 $ 81 ,613,883 $ 3,709,801
Due to other county
funds - 129,709 - 129,709
Total Assets $ 4,254,734 $ 81 ,198,659 $ 81 ,613,883 $ 3,839 ,510
LIABILITIES:
Due to other govern-
mental units $ 4,254,734 $ 81 ,198,65S $ 81 ,613,883 $ 3,839 ,510
Total Liabilities $ 4,254,734 $ 81 ,198,65 ! $ 81 ,613,883 $ 3,839,510
The Notes to Financial Statements are an integral part of this exhibit.
101
COUNTY OF WELD _Schedule 1
STATE OF COLORADO
TRUST AND AGENCY FUNDS
WELD COUNTY RETIREMENT PLAN
Schedule of Administrative Expenses
Year Ended December 31 , 1980
ADMINISTRATIVE EXPENSES:
Actuarial fees $ 24,324
Trustee fees 17,201
Miscellaneous expenses 185
TOTAL ADMINISTRATIVE EXPENSES $ 41 ,710
The Notes to Financial Statements are an integral part of this schedule.
102
COUNTY OF WELD Schedule 2
STATE OF COLORADO
TRUST AND AGENCY FUNDS
WELD COUNTY GENERAL HOSPITAL TRUST FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31 , 1980
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 671 ,865 $ 667,126 $ 4,739
Specific ownership taxes 52 ,972 50,441 2,531
Interest and penalties on
delinquent taxes 2,744 - 2,744
Total Taxes 727,581 717,567 10 ,014
MISCELLANEOUS REVENUE:
Earnings on investments 41 ,190 50,000 (8,810)
Total Miscellaneous Revenue 41 ,190 50,000 (8,810)
TOTAL REVENUE $ 768,771 $ 767,567 $ 1 ,204
Schedule of Expenditures Compared with Budget
Year Ended December 31 , 1980
Variance
Favorable
Actual Bud get (Unfavorable)
CAPITAL OUTLAY:
Capital acquisitions $ 1 ,270,746 $ 1 ,271 ,408 $ 662
Total Capital Outlay $ 1 ,270,746 $ 1 ,271 ,408 $ 662
TOTAL EXPENDITURES $ 1 ,270,746 $ 1 ,271 ,408 $ 662
The Notes to Financial Statements are an integral part of this schedule.
103
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111
COUNTY OF WELD Table VI
STATE OF COLORADO
Special Assessment Collections
(Unaudited)
•
Last Ten Years
Weld County has had no special assessment from 1971 —1980.
112
COUNTY OF WELD Table VII
STATE OF COLORADO
Computation of Legal Debt Margin
(Unaudi ted)
December 31 , 1980
Assessed Value, 1979 $ 677,205,480
Debt Limit 12 Percent of Assessed Value 10,159,282
Amount of Debt Applicable to Limit:
Total Bonded Debt $ -
Installment Purchase Agreements -
Total Amount of Debt Applicable to Debt Limit -
Legal Debt Margin $ 10,159,282
Debt Limitation: Under Section 30-27-301 , Colorado Revised Statutes ,
1973, the County may incur indebtedness for general
County purposes in an amount not to exceed 12% of
assessed valuation of all taxable property.
113
COUNTY OF WELD TABLE VIII
STATE OF COLORADO
Tables Relating to Bonded Debt
(Unaudited)
December 31 , 1980
Weld County is without bonded debt and the following statistical tables as required
by the National Council on Governmental Accounting are not presented:
A. Ratio of Net General Bonded Debt to Assessed Value and
Net Bonded Debt Per Capita - Last Ten Years
B. Computation of Overlapping Debt - December 31 , 1980
C. Ratio of Annual Debt Service for General Bonded Debt to
Total General Expenditures - Last Ten Years
D. Revenue Bond Coverage - Last Ten Years
114
COUNTY OF WELD Table IX
STATE OF COLORADO
Demographic Statistics
(Unaudited)
December 31 , 1980
1 . Population•: 1960 - 72,344
1970 - 89,297
1975 - 111 ,901
1980 - 122,916
2. Estimated Median Age: 24.6 (1970 Census)
3. Total Personal Income
For Years Available: 1970 - $ 279,766,000
1971 - 327,463,000
1972 - 380,534,000
1973 - 481 ,301 ,000
1974 - 539,833,000
1975 - 597,099,000
4. Per Capita Income
For Years Available: 1970 - $ 3,111
1971 - 3,527
1972 - 3,891
1973 - 4,666
1974 - 5,054
1975 - 5,543
5. Median Family Income
(1970 Census) : 1970 - $ 8,363
Source: Greeley Area Chamber of Commerce Survey and U.S. Census data..
115
COUNTY OF WELD Table X
STATE OF COLORADO
Property Value, Construction, Bank Deposits ,
and Other Economic Indicators
(Unaudited)
Last Ten Years
1970 1975 1979
Property Value - estimated actual
value (millions) $ 784.3 $ 1 ,264.1 $ 2,761 .6
Building Permits 1 ,635 586 855
Estimated Construction (millions) $ 14.1 $ 20.6 $ 21 .1
Commercial Bank Deposits (millions) $ 289.2 $ 556.9 $ 826.2
Savings and Loan Savings (millions) n/a $ 123.2 $ 216.7
Retail Sales (millions) $ 417.8 $ 878.0 $ 760.2
Value of Crop Production (millions) $ 64.6 $ 134.6 $ 161 .3
Other years' data not available
Source: Greeley Area Chamber of Commerce Survey
116
COUNTY OF WELD Table XI
STATE OF COLORADO
Principal Taxpayers
(Unaudited)
December 31 , 1980
1980
Assessed Valuation
Amoco $ 112,115 ,950
Eastman Kodak 71 ,333,550
Public Service Co. of Colorado 25,595 ,000
Mountain Bell 14,414,000
Monfort of Colorado, Inc. 9,564,360
Energy Minerals 9,120,360
Martin Oil Co. 7,991 ,690
Panhandle Eastern Pipeline Co. 7,473,700
Machii-Ross Petroleum Co. 7,393,130
Colorado Interstate Gas Co. 6,991 ,200
Union Pacific Railroad Co. 6,184,000
Home Light & Power Co. 5,580,000
Champlin Petroleum Co. 5,291 ,220
Vessels Oil & Gas Co. 5,031 ,700
M.G.F. Oil Corporation 5,020,310
Monfort Packing Co. 4,505,220
American Telephone & Telegraph 4,474,600
Crystal Exploration 3,652,790
J. F. K.Associates 2,946,360
Union Rural Electric Assn. 1 ,856,000
Coors 1 ,810,410
Greeley National Bank 1 ,363,840
Greeley Gas Co. 1 ,197,800
Hillside Shopping Center 1 ,091 ,650
Burlington Northern 821 ,000
J. K.F. Associates 2,946,360
117
COUNTY OF WELD Table XII '
STATE OF COLORADO Page 1
Miscellaneous Statistics
(Unaudited)
December 31 , 1980
1 . Date of Incorporation: 1861
2. Form of Government: Home Rule Charter
3. Date Present Charter Adopted : January 1 , 1976
4. Area - Square Miles: 4,002 square miles
5. County Seat: City of Greeley
6. Employees as of December 31 , 1980 : Elected Officials - 16
Division Heads - 5
Department Heads - 6
Other Full Time Employees - 815
Part Time Employees - 165
7. Miles of Roads: Paved - 552
Unpaved - 3,007
8. Building Permits: No. of
Year Permits Valuation
1974 882 $ 18,696 ,840
1975 1 ,339 25,251 ,542
1976 1 ,624 47,546,973
1977 1 ,177 30,102,553
• 1978 1 ,546 58,749,363
1979 1 ,592 34,782,283
1980 1 ,348 54,775,497
9. Motor Vehicle Registration: 1974 - 94,484
1975 - 103,818
1976 - 108,529
1977 - 122,133
1978 - 143,888
1979 - 133,437
1980 - 125,970
10. Special Districts
within County: 28 - Cities and Towns
12 - Schools
6 - Fire
9 - Water and Sanitation
2 - Colleges
(Continued on next page)
118
COUNTY OF WELD Table XII
STATE OF COLORADO Page 2
Miscellaneous Statistics - Continued
(Unaudited)
December 31 , 1980
11 . Cities and Towns: Ault Gilcrest Lochbuie
Eaton Greeley Mead
Erie Grover Milliken
Evans Hudson New Raymer
Dacono Johnstown Nunn
Firestone Keenesburg Pierce
Frederick Keota Platteville
Ft. Lupton Kersey Rosedale
Garden City LaSalle Severance
Windsor
12. Recreation: Golf Courses - 5
City and Regional Parks
Island Grove Recreational Complex
13. Libraries: Greeley Library 92,500 Volume:
University of No. Colo. 800,000 Volume:
Weld County Library 140,000 Volume:
14. Elections: Number of Number Percent of
Registered of Votes Registered
Voters Cast Voters Voting
1974 General Election 45,175 30,002 66.4
1976 General Election 49,785 41 ,184 82.7
1978 General Election 47,832 29,818 62.3
1980 General Election 51 ,107 44,134 86.3
15. Media : Newspapers : The Greeley Tribune, The
Booster, .Town & Country
News , Aims College World ,
The Mirror (UNC) , Eaton
• Herald, Farmer & Miner,
Keene Valley Sun, Greeley
Journal , Johnstown Breeze,
Ft. Lupton Press , Platte-
ville Herald, Windsor
Beacon.
Radio Stations : KFKA/KFKZ , KYOU/KGRE,
KUAD AM and FM, KUNC
FM.
Television: Receives commercial and
public television origi-
nating from both Denver
and Cheyenne stations ;
also cable television.
16. Sales Tax as of December 31 , 1980: State - 3%
119
Source: Greeley Area Chamber of Commerce/County offices.
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COUNTY OF WELD Table XIV
STATE OF COLORADO
Salaries of Principal Officials
(Unaudited)
December 31 , 1980
ELECTED OFFICIALS:
Commissioners $ 17 ,500
Clerk & Recorder 21 ,500
Treasurer 21 ,500
Assessor 21 ,500
Sheriff 21 ,500
District Attorney 35,000
APPOINTED:
County Attorney $ 40 ,764
Director of Planning 27 ,500
Director of Finance and
Administration 36,303
Director of Building and
Grounds 25,104
Director of Communications 24,953
Director of Ambulance Services 20,448
Director of Veterans' Affairs 17,052
County Engineer 29,837
Director of Social Services 33,456
Director of Health Department 47,278
Director of Library 24,852
Director of Human Resources 30,000
Director of Data Processing
Services 32,966
Director of Purchasing 19,963
Director of Personnel 23,290
121
COUNTY OF WELD Table XV'
STATE OF COLORADO
Surety Bond Coverage For Principal Officials
(Unaudited)
Decemrer 31 , 1980
District Attorney $ 5,000
Commissioner ' 25,000
Treasurer 250,000
Sheriff 20,000
Assessor 6,000
Coroner 5,000
County Clerk 25,000
County Clerk (Titles & Deeds) 5,000
Director of Finance and
Administration 200,000
Note: All bonds are issued by the St. Paul Insurance Company and are on file
with the Weld County Clerk and Recorder.
122
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