HomeMy WebLinkAbout820573.tiff COMPREHENSIVE
FIwilitt
. . � REPORT
Year Ended December 31, 1981
COUNTY of WELD
STATE of COLORADO
COMPREHENSIVE ANNUAL FINANCIAL REPORT
COUNTY OF WELD
STATE OF COLORADO
YEAR ENDED DECEMBER 31, 1981
Issued by:
Department of Finance
& Administration
Donald D. Warden, Director
Finance and Administration
INTRODUCTORY
SECTION
9i�pw
TABLE OF CONTENTS
Page
INTRODUCTORY SECTION
Table of Contents 1
Letter of Transmittal 7
Municipal Finance Officers Association
Certificate of Conformance 13
Organization Chart 14
Principal County Officials 15
FINANCIAL SECTION
GENERAL PURPOSE FINANCIAL STATEMENTS
Auditor's Report 17
EXHIBIT A-1 COMBINED BALANCE SHEET - ALL FUND TYPES AND
ACCOUNT GROUPS 18
EXHIBIT A-2 COMBINED STATEMENT OF REVENUE, EXPENDITURES
AND CHANGES IN FUND BALANCE - ALL GOVERNMENTAL
FUND TYPES AND EXPENDABLE TRUST FUNDS 23
EXHIBIT A-3 COMBINED STATEMENT OF REVENUE, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND
ACTUAL - ALL GOVERNMENTAL FUND TYPES 24
EXHIBIT A-4 COMBINED STATEMENT OF REVENUE, EXPENSES, AND
CHANGES IN RETAINED EARNINGS/FUND BALANCE -
ALL PROPRIETARY FUND TYPES AND PENSION TRUST
FUNDS 26
EXHIBIT A-5 COMBINED STATEMENT OF CHANGES IN FINANCIAL
POSITION - ALL PROPRIETARY FUND TYPES AND
PENSION TRUST FUNDS 28
NOTES TO FINANCIAL STATEMENTS 30
COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS AND
SCHEDULES
GENERAL FUND
EXHIBIT B-1 BALANCE SHEET 46
EXHIBIT B-2 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN
FUND BALANCE 47
Schedule 1 Schedule of Revenue Compared with Estimate 48
Schedule 2 Schedule of Expenditures Compared with Budget 50
1
TABLE OF CONTENTS - (Continued)
Page
GENERAL FUND (Continued)
Schedule 3 Schedule of Operating Transfers-Out Compared
with Budget 52
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 53
EXHIBIT C-1 COMBINING BALANCE SHEET 54
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
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
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
Public Health Fund - Schedule of Operating
Transfers-In Compared with Estimate 67
Schedule 11 Library Fund - Schedule of Revenue Compared
with Estimate 68
2
TABLE OF CONTENTS - (Continued)
Tat
SPECIAL REVENUE FUNDS (Continued)
Schedule 12 Library Fund — Schedule of Expenditures Compared
with Budget
Library Fund - Schedule of Operating Transfers-In
Compared with Estimate 69
Schedule 13 Human Resources Fund - Schedule of Revenue
Compared with Estimate
Human Resources Fund —Schedule of Operating
Transfers-In 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
Solid Waste Fund - Schedule of Operating
Transfers-Out Compared with Budget 72
Schedule 16 Subdivision Park Site Fund - Schedule of
Expenditures Compared with Budget 73
CAPITAL PROJECTS FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 75
EXHIBIT D-1 BALANCE SHEET 76
EXHIBIT D-2 STATEMENT OF REVENUE, EXPENDITURES AND
CHANGES IN FUND BALANCE 77
Schedule 1 Public Works Fund - County Buildings - Schedule of
Revenue Compared with Estimate
Public Works Fund - County Buildings - Schedule of
Expenditures Compared with Budget
Public Works Fund - County Buildings - Schedule of
Operating Transfers-In Compared with Estimate 78
SPECIAL ASSESSMENT FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 79
EXHIBIT E-1 BALANCE SHEET 80
EXHIBIT E-2 STATEMENT OF REVENUE, EXPENDITURES AND
CHANGES IN FUND BALANCE 81
3
TABLE OF CONTENTS — (Continued)
Page
SPECIAL ASSESSMENT FUNDS (Continued)
Schedule 1 Improvement District Number 1981.-2 Elmore Road
Schedule of Revenue Compared with Estimate
Improvement District Number 1981-2 Elmore Road
Schedule of Expenditures Compared with Budget
Improvement District Number 1981-2 Elmore Road
Schedule of Operating Transfers-In Compared
with Estimate 82
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 83
EXHIBIT F-1 COMBINING BALANCE SHEET 84
EXHIBIT F-2 COMBINING STATEMENT OF CHANGES IN CONTRIBUTED
CAPITAL 85
EXHIBIT F-3 COMBINING STATEMENT OF REVENUE, EXPENSES AND
CHANGES IN RETAINED EARNINGS 86
EXHIBIT F-4 COMBINING STATEMENT OF CHANGES IN FINANCIAL
POSITION 87
Schedule 1 Motor Vehicle Fund - Schedule of Operating
Revenue Compared with Estimate
Motor Vehicle Fund - Schedule of Operating
Expenses Compared with Budget 88
Schedule 2 Motor Vehicle Fund - Schedule of Nonoperating
Revenue Compared with Estimate
Motor Vehicle Fund - Schedule of Fixed Asset
Acquisitions Compared with Budget 89
Schedule 3 Printing and Supply Fund - Schedule of Operating
Revenue Compared with Estimate 90
Schedule 4 Printing and Supply Fund - Schedule of Operating
Expenses Compared with Budget 91
Schedule 5 Computer Services Fund - Schedule of Operating
Revenue Compared with Estimate
Computer Services Fund - Schedule of Operating
Expenses Compared with Budget 92
Schedule 6 Computer Services Fund - Schedule of Nonoperating
Expenses Compared with Budget
Computer Services Fund - Schedule of Operating
Transfers-In Compared with Estimate
Computer Services Fund - Schedule of Fixed Asset
Acquisitions Compared with Budget 93
4
TABLE OF CONTENTS - (Continued)
122N31
INTERNAL SERVICE FUNDS (Continued)
Schedule 7 Insurance Fund - Schedule of Operating Revenue
Compared with Estimate
Insurance Fund - Schedule of Operating Expenses
Compared with Budget 94
Schedule 8 Insurance Fund - Schedule of Nonoperating Revenue
Compared with Estimate 95
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 97
EXHIBIT G-1 COMBINING BALANCE SHEET 99
EXHIBIT G-2 STATEMENT OF REVENUE, EXPENSES AND CHANGES IN
FUND BALANCE - ALL PENSION TRUST FUNDS 100
EXHIBIT G-3 STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL PENSION TRUST FUNDS 101
EXHIBIT G-4 COMBINING STATEMENT OF REVENUE, EXPENDITURES
AND CHANGES IN FUND BALANCE - ALL EXPENDABLE
TRUST FUNDS 102
EXHIBIT G-5 COMBINING STATEMENT OF CHANGES IN ASSETS AND
LIABILITIES - ALL AGENCY FUNDS 103
Schedule 1 Weld County Retirement Fund - Schedule of
Administrative Expenses 104
Schedule 2 Weld County General Hospital Trust Fund - Schedule
of Revenue Compared with Estimate
Weld County General Hospital Trust Fund - Schedule
of Expenditures Compared with Budget 105
Schedule 3 Antelope Hills Trust Fund - Schedule of Revenue
Compared with Estmiate 106
GENERAL FIXED ASSETS ACCOUNT GROUP
• SCHEDULE H-1 SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCES 107
SCHEDULE H-2 SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION
AND ACTIVITY 108
SCHEDULE H-3 SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY 110
5
TABLE OF CONTENTS - (Continued)
Page
STATISTICAL SECTION
Table I General Governmental Expenditures by Function 113
Table II General Revenue by Source 114
Table III Property Tax Levies and Collections • 115
Table IV Assessed and Estimated Actual Value of Taxable
Property 116
Table V Property Tax Rates and Tax Levies - All Overlapping
Governments 117
Table VI Special Assessment Collections 118
Table VII Computation of Legal Debt Margin 119
Table VIII Tables Relating to Bonded Debt 120
Table IX Demographic Statistics 121
Table X Property Value, Construction, Bank Deposits and
Other Economic Indicators 122
Table XI Principal Taxpayers 123
Table XII Miscellaneous Statistics 124
Table XIII Insurance in Force 126
Table XIV Salaries of Principal Officials 127
Table XV Surety Bond Coverage for Principal Officials 128
•
•
DEPARTMENT OF FINANCE AND ADMINISTRATION
PHONE(303)356-4000 EXT.217
4 3 M P.O. BOX 758
GREELEY, COLORADO 80632
COLORADO
June 28, 1982
Honorable Board of Commissionefs
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, 1981, 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. Accounting 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:
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.
7
Honorable Board of Commissioners - Continued:
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
judgements 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 department level by the encumbrance of
estimated purchase amounts prior to the release of purchase orders to vendors.
Purchase orders which result in an overrun of department balances are not
released until additional appropriations are made available. Open
encumbrances are reported as a reservation of fund balance at December 31,
1981.
In 1981 a new payroll/personnel system was installed to increase reporting and
management capabilities in the area of payroll/personnel. In addition, a new
automated accounting system was developed and made operational with the
beginning of the 1982 fiscal year to enhance financial management in Weld
County.
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.
GENERAL GOVERNMENT FUNCTIONS
Revenue for general government functions totaled $38,518,062 in 1981, an
increase of 9.6% over 1980. General property taxes and specific ownership
taxes produced 33.6% of general revenue compared to 34.2% last year. The
amount of revenue from various sources and the increase over last year are
shown in the following tabulation:
8
•
Honorable Board of Commissioners - Continued:
Increase (Decrease)
Revenue Sources Amount Per Cent of Total for 1981
Taxes $12,947,563 33.6% $ 921,653
Licenses and Permits 400,670 1.0 16,789
Intergovernmental
Revenue 20,333,789 52.8 1,669,536
Charges for Services 1,881,329 4.9 (93,272)
Fines and Forfeits 3, 108 0.0 44
Miscellaneous Revenue 2,951,603 7.7 861,914
$38.518,062 100.0% , $3,376.664
Assessed values of $731.8 million represented an increase of 8.1% over the
preceding year. The increase is primarily attributed to $19.8 million in new
construction, and $24.9 million in oil production activity in Weld County.
The mill levy remained the same as the previous year, 17.247 mills.
Current tax collections were 99.68% of the tax levy, up .09% from last year.
Delinquent tax collections were $39,303, compared with $32,854 last year.
Allocations of property tax by purpose for 1981 and the preceding fiscal year
are shown as follows:
Purpose 1980 1981
General Fund 9.680 mills 13.734 mills
Special Revenue Funds 6.507 2.431
Capital Project Funds .075 . 171
Expendable Trust Funds .985 .911
Total Tax Rate 17.247 mills 17.247 mills
Intergovernmental Revenue represented 52.8% of total general governmental
revenue, compared with 53. 1% for the preceding year.
Expenditures for general governmental purposes total $36,487,535, an increase
of 5.4% over 1980. Increases in levels of expenditures for major functions of
the County over the preceding year are shown in the following tabulation:
Increase (Decrease)
Function Amount Per Cent of Total for 1980
Current Operating:
General Government $ 4,723,878 12.9% $ 97,506
Judicial 680,085 1.9 103,352
Public Safety 3,525,539 9.7 374,811
County Roads and
Highways 6,811,742 18.7 (624,408)
Health & Hospitals 1,991,599 5.5 (190,644)
Public Welfare 11,792,303 32.3 1,538,127
Auxiliary Services 6,287,607 17.2 361,146
Capital Outlay 591,188 1.6 246,299
Intergovernmental
Expenditures 83,594 .2 (34,904)
$ 36,487.535 100.0% $ 1.871.285
9
Honorable Board of Commissioners - Continued:
Expenditures for road and bridge decreased from 21.5% of total governmental
expenditures in the preceding year to 18.7% in the current year. This
decrease in level of expenditure is a result of the elimination of the
one-time revenues from Senate Bill 148.
Weld County's finances were significantly impacted in 1981 by the local and
national economy. The reduced housing activity contributed to a slowing of
construction which reduced revenues from building permits. Generally poor
local economic conditions raised social services costs. Inflation of over 12%
continued to adversely impact labor costs and expenditures for supplies.
Factors positively impacting Weld County's finances were increased interest
and oil royalty revenues.
Unreserved fund balance and retained earnings in the major operating funds
were maintained at adequate levels. The General Fund fund balance of
$3,002,459 was up $2,617,974 from last year because of unanticipated interest
and royalty revenue. The $1,360,302 balance in the Special Revenue Funds was
down from the previous year by 48.3%.
DEBT ADMINISTRATION
In 1981 the County continued to have no bonded indebtedness, nor does it have
any significant lease/purchase agreements for public facilities or equipment.
With the passage of HB 1579, Section 30-35-201, C.R.S. , 1973 now allows the
debt ceiling to be 3% of the assessed valuation of the County. Thus, Weld
County maintains nearly a twenty-two million dollar allowable debt capacity in
accordance with Colorado State Statutes.
Weld County created its first special assessment district with the Elmore Road
project. The project cost of $29,247 was funded by a General Fund advance
since the project size made it impractical to fund by bonding.
CASH MANAGEMENT
Cash temporarily idle during the year was invested in time deposits ranging
from 10 to 180 days to maturity. Interest earned on investments of cash held
by the County Treasurer was recorded as revenue in the General Fund, with
exception of interest attributed to the Federal Revenue Sharing Fund,
Insurance Fund, Antelope Hills Trust Fund, and the interest earned on certain
deposits held for other taxing authorities. The amount of interest received
was $1,551,114 in 1981.
CAPITAL PROJECT FUNDS
The Public Works - County Buildings Fund, established for the purpose of
accounting for the capital improvement projects on County buildings, had a
fund balance of $252,545 at the end of 1981. Anticipated or designated
projects pending at the end of 1981 for the funds accumulated include the
renovating of the Courthouse exterior ($100,000) and modification to the
Centennial Complex chiller system ($116,000).
10
Honorable Board of Commissioners - Continued:
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, 1981, the General Fixed Assets
of the County amounted to $18,267,159. 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
The Municipal Finance Officers Association of the United States and Canada
(MFOA) awarded a Certificate of Conformance in Financial Reporting to the
County of Weld, State of Colorado for its comprehensive annual financial
report for the fiscal year ended. December 31, 1980.
In order to be awarded a Certificate of Conformance, a government must publish
an easily readable and efficiently organized comprehensive annual financial
report, whose contents conform to program standards. Such reports must
satisfy both generally accepted accounting principles and applicable legal
requirements.
A Certificate of Conformance is valid for a period of one year only. We
believe our current report continues to conform to Certificate of Conformance
Program requirements, and we are submitting it to MFOA to determine its
eligibility for another certificate.
•
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 1981
financial transactions under our control and that the following statements
present an accurate, informative record of the financial activities of the
County of Weld and it's financial condition at December 31, 1981. The
preparation of this report could not be accomplished without the efficient and
dedicated services of the entire staff of the Accounting/Finance Department.
11
Honorable Board of Commissioners - Continued:
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,
LALIk,them,L,-
Donald D. Warden, Director
Finance and Administration
DDW/ch
•
•
•
12
Certificate
of
Conformance
in Financial
Reporting
Presented to
County of Weld,
State of Colorado •
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1980
A Certificate of Conformance in Financial Reporting is
presented by the Municipal Finance Officers Association
of the United States and Canada to governmental units
and public employee retirement systems whose comprehensive
annual financial reports (CAFR's) are judged to substantially
conform to program standards.
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14
COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31, 1981
Board of County Commissioners
Chuck Carlson
Norman Carlson
C. W. Kirby
John Martin
• June K. Steinmark
Director of Finance and Administration
Donald D. Warden
Comptroller
Claud Hanes
Independent Auditor
Anderson & Whitney
Certified Public Accountants
15
FINANCIAL
SEttt !:I. ..
GENERAL PURPOSE
FINANCIAL STA EMENT$
ANdu sor
CERTIFIED PUBLIC ACCOUNTANTS V
Greeley National Plaza—Suite 760 MA
7
Greeley, Colorado 80631
(303) 352.7980
Board of County Commissioners
Weld County, Colorado
Greeley, Colorado
We have examined the financial statements of the various fund types and
the account group of Weld County, Colorado, a home rule county, listed as
General Purpose Financial Statements in the foregoing table of contents, as of
December 31, 1981 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 the account group of Weld
County, Colorado at December 31, 1981, and the results of operations 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.
62144444r) 14)....ASSeit
June 28, 1982
17
COUNTY OF WELD
STATE OF COLORADO
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1981
General Fund Types
Special Capital Special
General Revenue Projects Assessment
ASSETS
ASSETS:
Cash with treasurer $ 4,266,718 $ 1,773,960 $ 340,887 $ --
Cash - other 16,819 7,437 -- --
Investments -- -- -- --
Receivables (net where applicable
of allowance for uncollectibles):
Accounts 358,210 129,341 -- --
Special Assessments:
Current -- --
Deferred -- -- -- 2,789
-- 25,096
Contracts -- 160,579 --
Current property taxes 6,856,420 5,123,851 200,266 --
Delinquent property taxes 35,363 12,557 1,018 --
Due from other governmental units 122,100 3,138,585 -- -
Due from other county funds
(Note 2) 97,441 477,990 -- 30,608
Deposits -- 5,937 -- --
Inventories -- 340,115 -- --
Advance to Special Assessment Fund 25,096 -- -- --
Prepaid expenses 4,086 228 -- --
Land -- -- -- --
Land under capital lease (Note 4) -- -- -- --
Land improvements -- -- -- __
Buildings -- -- -- __
Equipment and furniture •
E -- -- -- --
Less: Accumulated depreciation -- -- -- --
TOTAL ASSETS $ 11,782,253 $ 11,170,580 $ 542,171 $ 58,493
(Continued on next page)
18
EXHIBIT A-1
Page 1
Proprietary Fiduciary Account
Fund Type Fund Type Group
Internal Trust and General Memorandum
Service Agency Fixed Assets Total
$ 843,895 $ 4,327,912 $ -- $ 11,553,372
50 6,603,098 -- 6,603,
775 -- 26081
-- 098
519,092 84,047 -- 1,090,690
i -- ---- -- 2,789
-- 25,096
-- 160,579
-- 667,000 -- 12,847,537
-- 3,102 -- 52,040
89,191 -- -- 3,349,876
514,765 1,353,194 -- 2,473,998
-- -- -- 5,937
396,426 736,541
-- -- 5,096
' 25,096
6,000 16,367 -- 26,681
671,527 -- 993,069 1,664,596
239,642 -- -- 239,642
25,506 -- 199,455 224,961
404,884 -- 15,332,977 15,737,861
6,827,175 -- 1,741,658 8,568,833
(3,017,726) -- -- (3,017,726)
' $ 7,520,427 $ 13,056,495 $ 18,267,159 $ 62,397,578
19
COUNTY OF WELD
STEMr-OTMEORADO
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1981
Governmental Fund Types
Special Capital Special
General Revenue Projects Assessment
LIABILITIES AND FUND EQUITY
LIABILITIES:
Cash with treasurer - overdraft $ -- $ -- $ -- $ --
Warrants payable 605,358 -- -- --
Vouchers payable 131,968 259,049 70,308 --
Retainage payable -- -- 18,694 --
Accrued liabilities 304,239 169,411 -- --
Due to other governmental units -- 440,936 -- --
Due to other county funds
(Note 2) 778,807 1,360,327 -- 33,397
Current portion of capital lease
obligation -- -- -- --
Current portion of long-term '
debt -- -- -- --
Deferred revenue 6,868,797 5,277,569 200,624 25,096
Advance from General Fund -- -- -- 25,096
Unexpended grant revenue 90,625 2,253,362 -- --
Other liabilities -- 49,624 -- --
Capital lease obligation (Note 4) -- -- -- --
Long-term debt (Note 5) -- -- -- --
Total Liabilities 8,779,794 9,810,278 289,626 83,589
FUND EQUITY:
Investments in general fixed assets -- -- -- --
Contributed capital -- -- -- --
Retained earnings:
Reserved for claims -- -- -- --
Unreserved -- -- -- --
Fund balances:
Reserved for advance to special
assessment fund 25,096 -- -- --
Reserved for encumbrances 187,012 176,617 47,172 --
Reserved for employee benefits -- -- -- --
Unreserved:
Designated for subsequent
year's expenditures 1,157,634 23,830 216,700 --
Undesignated 1,632,717 1,159,855 (11,327) (25,096)
Total Fund Equity (deficit) 3,002,459 1,360,302 252,545 (25,096)
TOTAL LIABILITIES AND FUND
EQUITY $ 11,782,253 $ 11,170,580 $ 542,171 $ 58,493
The Notes to Financial Statements are an integral part of this exhibit.
20
EXHIBIT A-1
Page 2
Proprietary Fiduciary Account
. Fund Type Fund Type Group
Internal Trust and General Memorandum
Service Agency Fixed Assets Total
$ 11,062 $ -- S -- $ 11,062
-- 73,356
185,709 378,514, -- 1,025,548
16694
67,857 -- --
541,507
-- 4,274,251 -- 4,715,187
128,242 173,225 -- 2,473,998
i
40,710 -- -- 40,710
53,973 --
• 53,973
• 405,789 668,086 -- 13,445,961
-- -- -- 25,096
-- -- -- 2,343,987
3,811 1,862 -- 55,297
81,421 -- --
196,769 -- -- 81,421
196,769
1,175,343 5,569,294 -- 25,707,924
-- 18,267,159 18,267,159
4,882,146 -- -- - 4,882,146
121,528 -- --
1,341,410 121,528
-- -- 1,341,410
-- -- -- 25,096
747 934 -- 410,801
-- 6,747,934, 6,747,934
-- -- -- 1,398,164
-- 739,267 --
3,495,416
6,345,084 7,487,201 18,267,159 36,689,654
$ 7,520,427 $ 13,056,495 $ 18,267,159 $ 62,397,578
21
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COUNTY OF WELD
STATE OF COLORADO
COMBINED STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
BODGBT AND ACTUAL - ALL GCVEAL FOND TYPES
Year Ended December 31, 1981
General Special Revenue
Variance Variance
Estimate/ Favorable Estimate/ Favorable
Actual Budget , (Unfavorable) Actual Budget (Unfavorable)
REVENUE:
Taxes $10,883,624 $10,807,412 $ 76,212 $ 1,929,019 $ 2,653,984 $ (724,965)
Licenses and permits 200,571 245,051 (44,480) 200,099 125,000 75,099
Intergovernmental
revenue 621,183 557,715 63,468 19,661,998 20,110,481 (448,483)
Charges for services 1,655,220 1,668,036 (12,816) 276,717 144,754 131,963
Fines and forfeitures -- -- -- 3,108 3,800 (692)
Miscellaenous revenue 2,259,988 2,151,862 108,126 688,826 657,179 31,647
Total Revenue 15,620,586 15,430,076 190,510 22,759,767 23,695,198 (935,431)
EXPENDITURES:
Current operating:
General government 4,723,878 5,090,565 366,687 -- -- --
Judicial 680,085 680,555 470 -- -- --
Public safety 3,525,539 3,561,566 36,027 -- -- --
County roads and
highways -- -- -- 6,811,742 7,005,612 193,870
Health and hospitals 785,128 802,249 17,121 1,206,471 1,325,054 118,583
Public welfare -- -- -- 11,792,303 10,555,300 (1,237,003)
Auxiliary services 493,103 538,871 45,768 5,794,504 7,540,769 1,746,265
Capital Outlay 34,642 261,208 226,566 -- -- _ --
Intergovernmental
expenditures 75,000 75,000 -- 8,594 32,224 23,630
Total Expenditures 10,317,375 11,010,014 692,639 25,613,614 26,458,959 845,345
EXCESS (DEFICIENCY) OF
REVENUE OVER EXPENDITURES 5,303,211 4,420,062 883,149 (2,853,847) (2,763,761) (90,086)
OTHER FINANCING SOURCES
(USES):
Operating transfers-in -- -- -- 3,918,582 3,184,586 733,996
Operating transfers-out (2,365,820) (2,339,053) (26,767) (2,327,229) (2,331,535) 4,306
Total Other Financing
Sources (Uses) (2,365,820) (2,339,053) (26,767) 1,591,353 853,051 738,302
EXCESS (DEFICIENCY) OF.
REVENUE AND OTHER SOURCES
OVER EXPENDITURES AND
OTHER USES 2,937,391 2,081,009 856,382 (1,262,494) (1,910,710) 648,216
FUND BALANCE,
January 1, 1981 384,485 384,485 -- 2,630,796 2,630,796 --
RESIDUAL EQUITY TRANSFERS (319,417) (319,417) -- (8,000) (8,000) --
FUND BALANCE (Deficit),
December 31, 1981 $ 3,002,459 $ 2,146,077 $ 856,382 $ 1,360,302 $ 712,086 $ 648,216
The Notes to Financial Statements are an integral part of this exhibit.
,
24
EXHIBIT A-3
•
Capital Projects Special Assessments Memorandum Total
Variance Variance Variance
Estimate/ Favorable Estimate/ Favorable Estimate/ Favorable
Actual Budget (Unfavorable) Actual Budget (Unfavorable) Actual Budget (Unfavorable)
$ 134,920 $ 131,571 $ 3,349' $ -- $ -- $ -- $ 12,947,563 $ 13,592,967 $ (645,404)
-- -- -- -- -- -- 400,670 370,051 30,619
-- -- -- -- -- -- 20,283,181 20,668,196 (385,015)
-- -- -- -- -- -- 1,931,937 1,812,790 119,147
-- -- -- 3,108 3,800 (692)
-- -- -- 2,789 29,247 (26,458) 2,951,603 2,838,288 (113,315)
134,920 131,571 3,349 2,789 29,247 (26,458) 38,518,062 39,286,092 (768,030)
-- -- -- -- -- -- 4,723,878 5,090,565 366,687
-- -- -- -- -- -- 680,085 680,555 470
-- -- -- -- -- -- 3,525,539 3,561,566 36,027
-- -- -- -- -- -- 6,811,742 7,005,612 193,870
-- -- -- -- -- -- 1,991,599 2,127,303 135,704
-- -- -- -- -- -- 11,792,303 10,555,300 (1,237,003)
-- -- -- 6,287,607 8,079,640 1,792,033
527,299 776,494 249,195 29,247 29,247 -- 591,188 1,066,949 475,761
-- -- -- -- -- -- 83,594 107,224 23,630
527,299 776,494 249,195 29,247 29,247 -- 36,487,535 38,274,714 1,787,179
'
(392,379) (644,923) 252,544 (26,458) -- (26,458) 2,030,527 1,011,378 1,019,149
404,700 404,700 -- 1,362 -- 1,362 4,324,644 3,589,286 735,358
-- -- -- -- -- -- (4,693,049) (4,670,588) (22,461)
404,700 - 404,700 -- 1,362 -- 1,362 (368,405) (1,081,302) 712,897
12,321 (240,223) 252,544 (25,096) -- (25,096) 1,662,122 (69,924) 1,732,046
240,224 240,224 -- -- -- -- 3,255,505 3,255,505 --
-- -- -- -- (327,417) (327,417) --
--
$ 252,545 $ 1 $ 252,544 $(25,096) $ -- $(25,096) $ 4,590,210 $ 2,858,164 $ 1,732,046
25
COUNTY OF WELD EXHIBIT A-4
STATE OF COLORADO Page 1
COMBINED STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS/
FUND BALANCE, ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS
Year Ended December 31, 1981
Proprietary Fiduciary
Fund Type Fund Type
Internal Pension Memorandum
• Service Trust Total
OPERATING REVENUE:
Charges for services $ 5,050,737 $ -- $ 5,050,737
Earnings on investments -- 468,727 468,727
Contributions -- 1,053,137 1,053,137
Total Operating Revenue 5,050,737 1,521,864 6,572,601
OPERATING EXPENSES:
Personnel services 1,361,105 -- 1,361,105
Contractual services 580,412 -- 580,412
Supplies 139,794 -- 139,794
Materials 1,431,992 -- 1,431,992
Heat, light and power 37,939 -- 37,939
Depreciation 906,708 -- 906,708
Repair and maintenance 15,834 -- 15,834
Insurance and bonds 238,500 -- 238,500
Claims 64, 163 -- 64,163
Other expenses 83,142 -- 83, 142
Benefit payments -- 178,922 178,922
Refunds -- 235, 113 235,113
Administrative expenses -- 53,405 53,405
Total Operating Expenses 4,859,589 467,440 5,327,029
Operating Income 191,148 1,054,424 1,245,572
NONOPERATING REVENUE (EXPENSES) :
Farm Income 29,100 -- 29,100
Gain on sale of fixed assets 60,273 -- 60,273
Earnings on investments 22,278 -- 22,278
Judgements and damages 2,16$ -- 2,168
Interest expense (22,365) -- (22,365)
Total Net Nonoperating Revenue 91,454 -- 91,454
Income Before Operating
Transfers 282,602 1,054,424 1,337,026
OPERATING TRANSFERS-IN 315,000 53,405 368,405
NET INCOME 597,602 1,107,829 1,705,431
(Continued on next page)
26
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, 1981
Proprietary Fiduciary
Fund Type Fund Type
Internal Pension Memorandum
Service Trust Total
RETAINED EARNINGS/FUND'BALANCE,
January 1, 1981 $ 865,336 $ 6,364, 130 $ 7,229,466
Adjustment of prior periods
(Note 11) -- (724,025) (724,025)
RETAINED EARNINGS/FUND BALANCE,
January 1, 1981 as restated 865,336 5,640,105 6,505,441
RETAINED EARNINGS/FUND BALANCE,
December 31, 1981 $ 1.462.938 $ 6.747.934 $ 8.210.872
The Notes to Financial Statements are an integral part of this exhibit.
27
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, 1981
Proprietary Fiduciary
Fund Type Fund Type
Internal Pension Memorandum
Service Trust Total
WORKING CAPITAL PROVIDED:
Net Income (EXHIBIT A-4) $ 597,602 $ 1,107,829 $ 1,705,431
Add: Expenses deducted
which did not re-
quire outlay of
working capital:
Depreciation 906,708 -- 906,708
Working capital provided
from operations 1,504,310 1,107,829 2,612,139
Undepreciated cost of assets
sold or abandoned 291,974 -- 291,974
Contributions 319,417 -- 319,417
Long-term financing received in
connection with acquisition ,
of fixed assets 364,532 -- 364,532
Total Working Capital
Provided 2,480,233 1,107,829 3,588,062
WORKING CAPITAL APPLIED:
Acquisition of fixed assets 1,965,736 -- 1,965,736
Payments and current maturities
of long-term debt and capital
lease obligations 264,730 -- 264,730
Adjustment of prior periods -- 724,025 724,025
Total Working Capital
Applied 2,230,466 724,025 2,954,491
INCREASE IN WORKING CAPITAL $ 249.767 S 383.804 $ 633.571
(Continued on next page)
28
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, 1981
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 $ 49,264 $ (1,033) $ 48,231
Cash - other -- 173 173
Investments -- 384,559 384,559
Receivables:
Accounts 499,579 (77,443) 422,136
Due from other governmental
units 43,256 -- 43,256
Due from other county funds 135,521 88,100 223,621
Inventories 6,917 -- 6,917
Prepaid expenses 4,603 3,160 7,763
Net increase in current
assets 739,140 397,516 1,136,656
Increase (decrease) in current
liabilities:
Cash with treasurer-overdraft 5,266 -- 5,266
Vouchers payable 25,576 13,712 39,288
Accrued liabilities (24,239) -- (24,239)
Due to other county funds 82,776 -- 82,776
Current portion of long-term
debt 37,235 -- 37,235
Deferred revenue 358,948 -- 358,948
Other liabilities 3,811 -- 3,811
Net increase in current
liabilities 489,373 13,712 503,085
INCREASE IN WORKING CAPITAL $ 249.767 $ 383.804 $ 633.571
The Notes to Financial Statements are an integral part of this exhibit.
29
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1981
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 accounting 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 six 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
transactions of the County that are not properly
accounted for in other funds. Ordinary operations of
the County such as public safety, county
administration and other activities financed from
taxes and general revenue are reflected in this fund.
Special Revenue Funds:
Special Revenue Funds are established to account for
taxes or other earmarked revenue of the County which
finance specified activities as required by law or
administrative action.
30
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
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.
Special Assessment Funds:
Special assessment funds are used to account for the
financing of public improvements or services deemed
to benefit the properties against which special
assessments are levied.
PROPRIETARY FUNDS:
All proprietary funds 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 noncurrent)
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 statements 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.
FIDUCIARY FUNDS:
Trust and Agency Funds:
Trust and Agency Funds are established to record
transactions relating to assets held by the County in
the capacity of trustee, custodian or agent for
individuals, governmental entities and non-public
organizations. 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.
31
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
Note 1 - Summary of Significant Accounting Policies (Continued) :
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.
All fixed assets are valued at historical cost or estimated
historical cost if actual historical cost is not available.
Donated fixed assets are valued at their estimated fair value
on the date donated.
Fixed assets used in governmental fund type operations (general
fixed assets) are accounted for in the General 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
proprietary 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
Equipment and furniture 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.
Noncurrent portions of long-term receivables due to
governmental 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 receivables is
deferred until they become current receivables. Noncurrent
portions of long-term loans receivable are offset by fund
balance reserve accounts.
32
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
Note 1 - Summary of Significant Accounting Policies (Continued):
BASIS OF ACCOUNTING:
Basis of Accounting refers to when revenue and expenditures or
expenses are recognized in the accounts and reported in the
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 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 1980 payable in
1981; and 4) various routinely provided services (ambulance and
health department) .
Expenditures are generally recorded when the related fund
liability 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.
Unbilled charges for services are recorded in the appropriate
funds at year end.
ENCUMBRANCES:
Weld County utilizes the encumbrance method of recording
commitments 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 constitute expenditures or liabilities. An appropriation
is made in the subsequent year to provide authority to complete
the transaction.
33
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
Note 1 - Summary of Significant Accounting Policies (Continued) :
BUDGET:
An annual budget and appropriation ordinance is adopted by the
Board of County Commissioners in accordance with the Colorado
State Budget Act and Weld County Home Rule Charter. The budget
is prepared on a basis consistent with generally accepted
accounting principles 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.
The Director of Finance and Administration is authorized to
transfer budgeted amounts within departments of each fund. Any
revisions that alter the total appropriation for each
department must be approved by the County Commissioners through
a supplemental appropriation ordinance. During 1981, three
supplemental appropriation ordinances were enacted.
INVESTMENTS:
Investments of the pension trust funds are stated at the lower
of cost or market.
PROPERTY TAXES:
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 preceding year, plus five per
cent (5%), except to provide for the payment of bonds and
interest. The Board of County Commissioners may submit the
question of an increased levy to the County Council, and if in
the opinion of a majority of the County Council the county is
in need of additional funds, the Council may grant an increased
levy for the county in such amount as it deems appropriate, and
the county is authorized to make such increased levy.
34
• COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
Note 1 - Summary of Significant Accounting Policies (Continued) :
PROPERTY TAXES (Continued):
However, 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 26-1-125, Colorado Revised Statutes (C.R.S.) 1973,
restricts the maximum mill levy for the Social Services Fund to
2.50 mills. In 1981 the mill levy in Weld County for the
Social Services Fund was 2.431 mills. Section 25-3-30, C.R.S.
1973 restricts the Weld County General Hospital Trust Fund to
3.00 mills each year. For 1981, the levy was .911 mills.
Section 30-25-201, C.R.S. 1973, formerly restricting the
General Fund mill levy was repealed effective June 19, 1981.
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 original January 1, 1981 levies for the applicable funds of
the County are as follows:
Levy Amount
General Fund 13.734 mills $10,051,228
Social Services Fund 2.431 1,779,127 .
Public Works Fund -
County Buildings .171 125,146
Weld County General
Hospital Trust Fund .911 666,715
17.247 mills $12.622.216
35
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
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
expenditures are recorded at the time the inventory items are
used.
Inventories of proprietary funds are recorded at the lower of
cost or market. Cost is determined by the average cost method.
INTERFUND TRANSACTIONS:
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.
ADVANCE TO OTHER FUNDS:
Non-current portions of long-term interfund loans receivable
(reported in "Advance to" asset accounts) are equally offset by
a fund balance reserve account which indicates that they do not
constitute "available spendable resources" since they are not a
component of net current assets. Current portions of long-term
interfund loans receivable (reported in "Due From" asset
accounts) are considered "available spendable resources".
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, 1981, the
liability for accumulated sick-leave approximated $233,800.
Unused vacation time is forfeited annually at December 31.
•
36
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
Note 1 - Summary of Significant Accounting Policies (Continued) :
DESIGNATED FUND BALANCE:
Fund balance designated for subsequent year's expenditures
represents fund balance commitments for appropriated
expenditures in excess of anticipated revenue for the year
ending December 31, 1982.
GRANT REVENUE:
Grant revenue is recognized to the extent of expenditures
incurred. The portion of the total grant which has not been
spent is reflected as unexpended grant revenue and is
represented by cash and 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
transportation and various other program functions. The
volunteer labor is recognized as a contributed revenue at $3.35
per hour. Certain volunteer labor is recorded at higher rates
based upon the individual's professional experience. Volunteer
mileage is recorded at 20p 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 to 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.
37
COUNTY OF WELD
STATE OF COLORADO
•
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
Note 2 - Individual Fund Interfund Receivable and Payable Balances:
Interfund receivable and payable balances at December 31, 1981 are as
follows:
Interfund Interfund
Receivables Payables
General Fund $ 97,441 $ 778,807
Special Revenue Funds:
Road and Bridge Fund 425,724 512,991
Social Services Fund -- 181,439
Federal Revenue Sharing Fund -- 382,111
Conservation Trust Fund 494 1,638
Public Health Fund 5, 168 89,695
Library Fund 14, 118 21,603
Human Resources Fund 32,486 164,529
Solid Waste Fund -- 6,321
Special Assessment Funds:
Improvement District Number 1981-2
Elmore Road 30,608 33,397
Internal Service Funds:
Motor Vehicle Fund 413,418 41,380
Printing and Supply Fund 15,090 2,607
Computer Services Fund 85,786 83,987
Insurance Fund 471 268
Trust and Agency Funds:
Weld County Retirement Fund 88,100 --
Antelope Hills Trust Fund 2,721 --
Payroll Agency Fund 1,262,373 173,225
Total $ 2.473,998 $ 2,473,998
•
38
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
Note 3 - Changes in General Fixed Assets:
A summary of changes in general fixed assets follows:
Balance Balance
1/1/81 Additions Deletions 12/31/81
Land $ 943,169 $ 50,000 $ 100 $ 993,069
Land improvements 196,629 2,826 -- 199,455
Buildings 14,541,543 791,434 -- 15,332,977
Equipment and
furniture 1,767,473 303,890 329,705 1,741,658
Total $ 17.448.814 51.148.150 $ 329.805 $ 18.267. 159
Note 4 - Capital Lease Obligation:
The following is an analysis of leased property at December 31,
1981:
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
installments. 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 as
December 31, 1981:
Year Ending December 31,
1982 $ 52,924
1983 48,852
1984 43,781
1985 1,100
Total minimum payments 146,657
Less amount representing interest 24,526
Present value of net estimated payments 122,131
Current portion 40,710
Capital lease obligation-long term $ 81.421
39
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
Note S - Long-term Debt -- Internal Service Funds:
Weld County has exercised purchase options on certain computer
equipment. The purchase agreements, which require 60 equal monthly
payments each, including interest at various rates, are secured by
the computer equipment. The principal balances, by interest rates,
remaining at December 31, 1981, are as follows:
Interest Rate Final Payment Outstanding Principal
8.00% 1984 $ 48,942
9.75 1986 89,400
11.25 1986 112,400
250,742
Current portion of long-term debt 53,973
Long-term debt $ 196.769
The aggregate maturities of long-term debt for each of the next five
years are as follows: 1982, $53,973; 1983, $59,546; 1984, $62,557;
1985, $52,356; 1986, $22,310.
Note 6 - Other Required Individual Fund Disclosures:
The deficit fund balance of the Special Assessment Funds
(Improvement District Number 1981-2 Elmore Road - $25,096) arose
because of the application of generally accepted accounting
principles to the financial reporting for such funds. Special
assessments are recognized as revenue only to the extent that
individual installments are considered current assets. The deficit
will be reduced and eliminated as deferred special assessment
installments become current assets.
The Printing and Supply Fund (an Internal Service Fund) reflects a
deficit retained earnings balance of $5,681 at December 31, 1981.
This deficit will be eliminated in 1982 through rate increases to
user departments.
Excesses of expenditures over appropriations in individual funds are
as follows:
Special Revenue Funds:
Social Services Fund expenditures of $11,792,303 exceeded
appropriations of $10,555,300. (Total revenue exceeded the
estimate by $1,327,908.) The entire amount is attributed to
the Low Energy Assistance Program which is State pass-through
dollars not requiring appropriations until the 1982 fiscal
year.
40
COUNTY,OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
Note 7 - Budgets:
An annual expenditure budget is adopted for all governmental,
proprietary and expendable trust funds of the county. Revisions
made to the original budget for each fund were as follows:
Original Total Revised
Budget Revisions Budget
General Fund $ 11,120,949 $ 2,547,535 $ 13,668,484
Special Revenue Funds:
Road and Bridge Fund 7,300,302 (294,690) 7,005,612
Social Services Fund 10,555,300 -- 10,555,300
Federal Revenue Sharing
Fund 1,600,000 188,863 1,788,863
Conservation Trust Fund 3,818 2 3,820
Contingent Fund 471,372 -- 471,372
Public Health Fund 1,306,816 18,238 1,325,054
Library Fund 335,842 18,273 354, 115
Human Resources Fund 5,973,201 1,213,453 7,186,654
Solid Waste Fund 71,300 -- 71,300
Subdivision Park Site Fund 28,404 -- 28,404
Capital Projects Funds:
Public Works Fund -
County Buildings 278,000 498,494 776,494
Special Assessment Funds:
Improvement District Number
1981-2 Elmore Road -- 29,247 29,247 •
Internal Service Funds:
Motor Vehicle Fund 4,236,493 76,996 4,313,489
Printing and Supply Fund 114,756 -- 114,756
Computer Services Fund 1,658,325 315,000 1,973,325
Insurance Fund 528,734 17,694 546,428
Trust and Agency Funds:
Weld County General Hospital
Trust Fund 770,000 -- 770,000
Antelope Hills Trust Fund -- -- --
TOTAL $ 46.353.612 $ 4,629,105 $ 50.982.717
41
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
Note 8 - Operating Leases:
On May 30, 1973, the County entered into a lease agreement for a
building used by the Department of Social Services. The term of the
lease is for ten years, commencing April 1, 1974 and expiring March
31, 1984. The County has the option to extend the lease for two
additional five year periods. Lease expenditures for the year ended
December 31, 1981 were $88,551.
Minimum commitments at December 31, 1981 under the lease agreement
are $199,240, payable as follows:
Year Amount
— C\
1982 88,551 ( �
1983 88,551
1984 22, 138
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 computer 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, 1981
was $452,167.
Note 9 - 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, 1981 was $526,569. Based upon the actuarial
valuation report at December 31, 1981, there is no liability for
unfunded past service cost. There are no statutory funding
requirements for the Weld County Retirement Plan.
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.
42
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1981
Note 9 - Weld County Retirement Plan (Continued):
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 retirement 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, 1981, detailed below is the aggregate of participants'
accumulated benefits adjusted to reflect the life expectancy of
participants and discounted for the time value of money (that is,
interest) .
Actuarial Present Value of Accumulated Plan Benefits:
Vested Benefits:
Active members $ 4,347,491
Retired members and beneficiaries 1,632,396
Terminated vested members 171,861
6,151,748
Nonvested Benefits 664,055
Total Actuarial Present Value of
Accumulated Plan Benefits $ 6.815.803
The weighted average assumed rate of return used in determining the
actuarial present value of accumulated plan benefits was 6%.
The net assets available for benefits, adjusted for unrealized
appreciation of investments (fair market value at December 31, 1981)
is as follows:
Fund balance reserved for
employee benefits $ 6,747,934
Unrealized appreciation
of investments 712,246
Net assets available for benefits $ 7.460.180
43
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
• Year Ended December 31, 1981
Note 10 - Contingent Liabilities:
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.
The County participates in a number of federal and state grant
programs. Principal funding agencies include the Office of Revenue
Sharing, Department of Labor, Community Services Administration,
Department of Health and Human Services and Area Agency on Aging.
These programs are subject to program compliance audits by the
grantors or their representatives. The audits of these programs for
the year ended December 31, 1981 have not yet been conducted.
Accordingly, the County's compliance with applicable grant
requirements will be established at some future date. The amount,
if any, of expenditures which may be disallowed by the granting
agencies cannot be determined at this time although the County
expects such amounts, if any, to be immaterial.
Note 11 - Adjustment of Prior Periods:
Fund balance reserved for employee benefits of the Weld County
Retirement Fund (a pension trust fund) at January 1, 1981 has been
restated to correct a $725,024 overstatement of the cost basis of
investments in common trust funds. Income within certain common
trust funds is required to be reinvested by the trustees immediately
within the same common trust fund as opposed to making income
distributions to the participants. For the period from January 1,
1973 to December 31,1980, income within certain common trust funds
has been recorded in the Weld County Retirement Fund as if income
distributions had been made and then reinvested into the same common
trust fund. This income within certain common trust funds should
not be recorded as an increase in the cost of the common trust fund
units previously acquired, but rather reflected as unrealized
appreciation of the investments.
44
COMBINING STATEMENTS,
INDIVIDUAL FUND AND
ACCOUNT GROUP
STATEMENTS,
AND SCHEDULES
•
GENERAL FUND
The General Fund accounts for all financial transactions of the County that are
not properly accounted for in other funds. Ordinary operations of the County
such as public safety, county administration and other activities financed from
taxes and general revenues are reflected in this fund.
411,
in ,i , , De
COUNTY OF WELD EXHIBIT B-1
STATE OF COLORADO
GENERAL FUND
BALANCE SHEET
December 31, 1981
•
ASSETS
ASSETS:
Cash with treasurer $ 4,266,718
Cash - other 16,819
Receivables (net where applicable of allowance for uncollectibles) :
Accounts - ambulance service 131,695
Accounts - other 226,515
Current property taxes 6,856,420
Delinquent property taxes 35,363
Due from other governmental units 122,100
Due from other county funds 97,441
Advance to Special Assessment Fund 25,096
Prepaid expenses 4,086
TOTAL ASSETS $ 11.782.253
LIABILITIES AND FUND BALANCE
LIABILITIES:
Warrants payable $ 605,358
Vouchers payable 131,968
Accrued liabilities 304,239
Due to other county funds 778,807
Deferred revenue 6,868,797
Unexpended grant revenue 90,625
Total Liabilities 8,779,794
FUND BALANCE:
Reserved for advance to Special Assessment Fund 25,096
Reserved for encumbrances 187,012
Unreserved:
Designated for subsequent year's expenditures 1,157,634
Undesignated 1,632,717
Total Fund Balance 3,002,459
TOTAL LIABILITIES AND FUND BALANCE $ 11.782.253
The Notes to Financial Statements are an integral part of this exhibit.
46
COUNTY OF WELD EXHIBIT B-2
STATE OF COLORADO
GENERAL FUND
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
Year Ended December 31, 1981
•
REVENUE (Schedule 1) :
Taxes $ 10,883,624
Licenses and permits 200,571
Intergovernmental revenue 621,183
Charges for services 1,655,220
Miscellaneous revenue 2,259,988
Total Revenue 15,620,586
EXPENDITURES (Schedule 1) :
Current Operating:
General government 4,723,878
Judicial 680,085
Public safety 3,525,539
Health and hospitals 785,128
Auxiliary services 493,103
Capital outlay 34,642
Intergovernmental expenditures 75,000
Total Expenditures 10,317,375
EXCESS OF REVENUE OVER EXPENDITURES 5,303,211
OTHER FINANCING SOURCES (USES) :
Operating transfers-out (Schedule 3) (2,365,820)
Total Other Financing Sources (Uses) (2,365,820)
EXCESS OF REVENUE OVER EXPENDITURES
AND OTHER USES 2,937,391
FUND BALANCE, January 1, 1981 384,485
RESIDUAL EQUITY TRANSFERS (319,417)
FUND BALANCE, December 31, 1981 S 3.002.459
The Notes to Financial Statements are an integral part of this exhibit.
47
COUNTY OF WELD Schedule 1
STATE OF COLORADO Page 1
GENERAL FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 10,051,781 $ 10,071,435 $ (19,654)
Specific ownership taxes 792,139 735,977 56, 162
Penalties and interest on 39,704 -- 39,704
delinquent taxes
10,883,624 10,807,412 76,212
Total Taxes
LICENSES AND PERMITS:
Business licenses and permits:
Business licenses - liquor 5,219 4,400 819
Security licenses 2,208 1,200 1,008
Nonbusiness licenses and permits:
Building permits 146,313 165,013 (18,700)
Electrical permits 30,303 35,038 (4,735)
Planning commission permits 16,528 39,400 (22,872)
Total Licenses and Permits 200,571 245,051 (44,480)
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
L.E.A.A. Intake/Classification 1,138 -- 1,138
IV-D Incentive 85,472 80,000 5,472
Other 37,487 55,398 (17,911)
State operating grants:
Community Corrections 19,375 -- 19,375
A-87 Cost Allocation 375,509 273,417 102,092
Other 34,525 93,900 (59,375)
State shared revenues:
Cigarette taxes 67,677 55,000 12,677
Total Intergovernmental
Revenue 621, 183 557,715 63,468
(Continued on next page)
48
COUNTY OF WELD Schedule 1
STATE OF COLORADO Page 2
GENERAL FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31,1981
Variance
Favorable
Actual Estimate (Unfavorable)
CHARGES FOR SERVICES:
General government:
Clerk and recorder fees .$ 618,342 $ 600,000 $ 18,342
Treasurer fees 286,348 257,000 29,348
Other 40,556 24,000 16,556
Public safety:
Ambulance service 403,791 444,326 (40,535)
Sheriff fees 85,218 60,062 25, 156
Other 31,414 59,061 (27,647)
Welfare:
Residential Child Care Facility 62,782 113,587 (50,805)
Youth Shelter Home 46,817 48,000 (1, 183)
IV—D Administration 79,952 62,000 17,952
Total Charges for Services 1,655,220 1,668,036 (12,816)
MISCELLANEOUS REVENUE:
Earnings on investments 1,464,761 1,440,00b 24,761
Rents 17,130 12,500 4,630
Royalties 487,736 486,240 1,496
Workmen's compensation payments 3,175 5,000 (1,825)
Other 287, 186 208, 122 79,064
Total Miscellaneous Revenue 2,259,988 2,151,862 108,126
TOTAL REVENUE $ 15.620.586 $ 15.430.076 $ 190.510
The Notes to Financial Statements are an integral part of this schedule.
49
COUNTY OF WELD Schedule 2
STATE OF COLORADO Page 1
GENERAL FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
GENERAL GOVERNMENT:
Commissioners - office of
the board $ 185,460 $ 195,828 $ 10,368
County Attorney 196,040 245,233 49,193
Public Trustee 1,020 1,230 210
Planning and zoning 201,111 296,465 95,354
Accounting 195,163 196,088 925
Finance and administration 114,256 118,401 4,145
Clerk and Recorder 816,147 818,825 • 2,678
Elections 68,908 88,203 19,295
County Treasurer 318,339 319,091 752
County Assessor 643,736 644,048 312
County Council 7,800 56,351 48,551
Personnel 220,502 228, 135 7,633
Buildings and grounds 815,625 816,830 1,205
County-wide communications 235,438 258,575 23,137
Communications 216,935 225,040 8,105
Purchasing 59,006 62,490 3,484
Non-departmental 428,392 519,732 91,340
Total General Government 4,723,878 5,090,565 366,687
JUDICIAL:
District Attorney 680,085 680,555 470
Total Judicial 680,085 680,555 470
PUBLIC SAFETY:
Civil defense 922 2,176 1,254
Jail 1,315,907 1,316,405 498
County Sheriff - Special 2,855 3,801 946
County Sheriff 664,678 666,908 2,230
Police services 1,325,320 1,325,817 497
County Coroner 38,427 38,594 167
Building inspection 158,055 188,490 30,435
Community Corrections 19,375 19,375 --
Total Public Safety 3,525,539 3,561,566 36,027
• (Continued on next page)
50
COUNTY OF WELD Schedule 2
STATE OF COLORADO Page 2
GENERAL FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1981
•
Variance
Favorable
Actual Budget (Unfavorable)
HEALTH AND HOSPITALS:
Weld Mental Health - county
contribution $ 69,458 $ 69,458 $ --
/).--s Ambulance service 547,825 547,825 --
PS Pierce ambulance service 3,233 9,490 6,257
p5 Predatory animal control 20,410 20,410 --
p.5 County-wide animal control 46,363 46,364 1
et Pest and weed control 97,839 108,702 10,863
Total Health and Hospitals 785,128 802,249 17,121
AUXILIARY SERVICES:
at Extension service 152,496 152,815 319
e County fair 45,096 45,359 263
Pt) Exhibition building 46,815 54,705 7,890
P ( Northern Colorado Research Center 3,000 3,000 --
Ai< West Greeley soil conservation 13,993 14,024 31
00W Veterans' office 36,604 36,739 135
C ( Missile park 10,093 10,363 270
P5 Residential Child Care Facility 81,396 116,587 35,191
p_5 Youth Shelter Home 102,170 103,839 1,669
®j Intake/Classification 1,440 1,440 --
Total Auxiliary Services 493,103 538,871 45,768
CAPITAL OUTLAY:
Equipment 34,642 261,208 226,566
Total Capital Outlay 34,642 261,208 226,566
INTERGOVERNMENTAL EXPENDITURES:
Weld County Municipal Airport 75,000 75,000 --
Total Intergovernmental
Expenditures 75,000 75,000 --
TOTAL EXPENDITURES $ 10.317.375 $ 11.010.014 $ 692.639
The Notes to Financial Statements are an integral part of this schedule.
51
COUNTY OF WELD Schedule 3
STATE OF COLORADO
GENERAL FUND
Schedule of Operating Transfers-Out Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING TRANSFERS-OUT:
Library Fund $ 279,020 $ 279,020 $ --
Public Health Fund 568,885 568,885 --
Road and Bridge Fund 735,977 735,977 --
Human Resources Fund 7,471 7,471 --
Public Works Fund -
County Buildings 404,700 404,700 --
Computer Services Fund 315,000 315,000 --
Improvement District Number
1981-2 Elmore Road 1,362 28,000 26,638
Weld County Retirement Fund 53,405 -- (53,405)
TOTAL OPERATING TRANSFERS-OUT $ 2.365.820 $ 2.339.053 $ (26.767)
The Notes to Financial Statements are an integral part of this schedule.
52
SPECIAL REVENUE
FUNDS
Special Revenue Funds are established to account for taxes or other earmarked
revenues of the County which finance specified activities as required by law
or administrative action.
a;•6:440.1"
_ci,. '1 in
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1981
Road and Bridge Fund:
The Road and Bridge Fund records all costs related to Weld County road and
bridge construction and maintenance. This fund is also utilized for allocation
of monies to cities and towns for use in their road and street activities.
Social Services Fund:
The Social Services Fund accounts for the various Federal and State public
welfare programs administered by the County.
Federal Revenue Sharing Fund:
Federal Revenue Sharing entitlements and expenditures are recorded in this fund
in accordance with the regulations of the Office of Revenue Sharing.
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, HHS, 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.
53
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
December 31, 1981
Federal
Road and Social Revenue Conservation
Bridge Services Sharing Trust Contingent
Fund Fund Fund Fund Fund
ASSETS
ASSETS:
Cash with treasurer $ 399,560 $ 783,958 $ 6,207 $ 1,787 $ 630
Cash - other -- 4,800 -- -- --
Receivables (net where
applicable of allowance for
uncollectibles):
Accounts -- 347 -- -- --
Contracts 160,579 -- -- -- --
Current property taxes 2,162,389 1,851,685 -- -- 1,109,777
Delinquent property taxes 5,268 6,993 -- -- 296
Due from other governmental units 202,383 78,541 380,211 -- --
Due from other county funds 425,724 -- -- 494 --
Deposits 5,937 -- -- -- --
Inventories 340,115 -- -- -- --
Prepaid expenses -- -- -- -- --
TOTAL ASSETS $ 3,701,955 $ 2,726,324 $ 386,418 $ 2,281 $ 1,110,703
LIABILITIES AND FUND BALANCE
LIABILITIES:
Vouchers payable $ 89,435 $ 83,204 $ -- $ 643 $ --
Accrued liabilities 70,995 -- -- -- --
Due to other governmental units -- 440,936 -- -- --
Due to other county funds 512,991 181,439 382,111 1,638 --
Deferred revenue 2,239,329 1,858,678 -- -- 1,109,881
Unexpended grant revenue -- -- -- -- --
Other liabilities 100 17,994 -- -- --
Total Liabilities 2,912,850 .2,582,251 382,111 - 2,281 1,109,881
FUND BALANCE: •
Reserved for encumbrances 175,075 -- -- -- --
Unreserved:
Designated for subsequent
year's expenditures -- -- -- --
Undesignated 614,030 144,073 4,307 -- 822
Total Fund Balance 789,105 144,073 4,307 -- 822
TOTAL LIABILITIES AND
FUND BALANCE $ 3,701,955 $ 2,726,324 $ 386,418 $ 2,281 $ 1,110,703
The Notes to Financial Statements are an integral part of this,exhibit.
54
EXHIBIT C-1
Public Human Solid Subdivision
Health Library Resources Waste Park Site
Fund Fund Fund Fund. Fund Total
$ 334,955 $ 15,270 $ 194,042 $ 17,694 $ 19,857 $ •1,773,960
325 1,637 675 -- -- 7,437
29,840 6,935 87,763 4,816 -- 129,341
-- -- -- -- -- 160,579
-- -- -- -- -- 5,123,851
-- -- -- -- -- 12,557
142,999 25,800 2,308,651 -- -- 3,138,585
5,168 14,118 32,486 -- -- 477,990
-- -- -- __ -- 5,937
-- -- -- -- -- 340,115
-- 228 -- -- -- 228
1_2211222 $ 63,988 $ 2,623,617 I__211112 1_12222 $ 11,170,580
$ 19,801 $ 2,821 $ 63,145 $ -- $ -- $ 259,049
42,411 9,698 46,307 -- -- 169,411
-- -- -- -- -- 440,936
89,695 21,603 164,529 6,321 -- 1,360,327
69,681 -- -- -- -- 5,277,569
-- 27,314 2,226,048 -- -- 2,253,362
31530 -- -- -- -- 49,624
,
253,118 61,436 2,500,029 6,321 -- 9,810,278
1,542 -- -- -- -- 176,617
-- -- -- -- 23,830 23,830
258,267 2,552 123,588 16,189 (3,973) 1,159,855
259,809 2,552 123,588 16,189 19,857 1,360,302
$ 512,927 $ 63,988 $ 2,623,617 $ 22,510 L._21,151 $ 11,170,580
55
COUNTY OF'WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUE EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended December 31, 1981
Federal
Road and Social Revenue
Bridge Services Sharing Conservation
Fund Fund Fund Trust Contingent
(Schedules (Schedules (Schedules Fund Fund
1 & 2) 3 4 4) 5 & 6) (Schedule 7) (Schedule 8)
REVENUE:
Taxes $ 1,192 $ 1,927,798 $ -- $ -- $ 29
Licenses and permits 200,099 -- -- -- --
Intergovernmental revenue 2,567,929 9,955,410 1,628,298 -- --
Charges for services 74,688 -- -- -- --
Fines and forfeitures -- -- -- -- --
Miscellaneous revenue 15,644 -- 29,767 -- --
Total Revenue •
T2,859,552 11,883,208 1,658,065 -- 29
EXPENDITURES:
Current Operating:
County roads and highways 6,811,742 -- -- -- --
Health and hospitals -- -- -- -- --
Public welfare -- 11,792,303 -- -- --
Auxiliary services -- -- -- -- --
Intergovernmental expenditures -- -- -- 3,820 --
Total Expenditures 6,811,742 11,792,303 -- 3,820 --
EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES (3,952,190) 90,905 1,658,065 (3,820) 29
OTHER FINANCING SOURCES (USES):
Operating transfers-in 3,063,206 -- -- -- --
Operating transfers-out -- -- (1,784,557) -- (471,372)
Total Other Financing
Sources (Uses) 3,063,206 -- (1,784,557) -- (471,372)
EXCESS (DEFICIENCY) OF REVENUE AND
OTHER SOURCES OVER EXPENDITURES
AND OTHER USES (888,984) 90,905 (126,492) (3,820) (471,343)
FUND BALANCE,
January 1, 1981 1,678,089 53,168 130,799 3,820 472,165
RESIDUAL EQUITY TRANSFERS -- -- -- -- --
FUND BALANCE,
December 31, 1981 $ 789,105 $ 144,073 $ 4,307 $ -- $ 822
The Notes to Financial Statements are an integral part of this exhibit.
56
EXHIBIT C-2
Public Human Solid Subdivision
Health Library Resources Waste Park Site
Fund Fund Fund Fund Fund
(Schedules (Schedules (Schedules (Schedule (Schedule
9 & 10) 11 & 12) 13 & 14) 15) 16) Total
$ -- $ -- $ -- $ -- $ -- $ 1,929,019
-- -- -- -- -- 200,099
671,206 30,814 4,808,341 -- -- 19,661,998
128,757 22,664 -- 50,608 -- 276,717
-- 3,108 -- -- -- 3,108
143 3,155 640,117 -- -- 688,826
800,106 59,741 5,448,458 ' 50,608 -- 22,759,767
-- -- -- -- -- 6,811,742
1,206,471 -- -- -- -- 1,206,471
-- -- -- -- -- 11,792,303
-- 350,237 5,444,267 -- -- 5,794,504
-- -- -- -- 4,774 8,594
1,206,471 350,237 5,444,267 -- 4,774 25,613,614
(406,365) (290,496) 4,191 50,608 (4,774) (2,853,847)
568,885 279,020 7,471 -- -- 3,918,582
-- -- -- (71,300) -- (2,327,229)
568,885 279,020 7,471 (71,300) -- 1,591,353
162,520 (11,476) 11,662 (20,692) (4,774) (1,262,494)
97,289 14,028 111,926 36,881 32,631 2,630,796
-- -- -- -- (8,000) (8,000)
1____11102! 1___L552 $ 123,588 1_111212 $ 19,857 $ 1,360,302
57
•
COUNTY OF WELD Schedule 1
STATE OF COLORADO
SPECIAL REVENUE FUNDS
ROAD AND BRIDGE FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1981
•
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 1,192 $ 6,000 $ (4,808)
Specific ownership taxes -- 735,977 (735,977)
Total Taxes 1, 192 741,977 (740,785)
LICENSES AND PERMITS:
Nonbusiness licenses and permits:
Moving permits 200,099 125,000 75,099
Total Licenses and Permits. 200,099 125,000 75,099
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
Bankhead-Jones Grazing Act 37,229 19,185 18,044
Mineral leasing act 34,710 22,000 12,710
Federal payments in lieu of taxes 39,135 35,869 3,266
State shared revenues:
Highway users tax 2,283,269 2,365,170 (81,901)
Motor vehicle registration fees 173,586 170,000 3,586
Total Intergovernmental
Revenue 2,567,929 2,612,224 (44,295)
CHARGES FOR SERVICES:
County roads and highways:
Materials and maintenance 74,688 2,500 72,188
Total Charges for Services 74,688 2,500 72,188
MISCELLANEOUS REVENUE:
Payments for damages 10,360 -- 10,360
Miscellaneous 984 -- 984
Rent 4,300 -- 4,300
Total Miscellaneous Revenue 15,644 -- 15,644
TOTAL REVENUE S 2.859.552 $ 3.481.701 $ (622.149)
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, 1981
Variance
Favorable
Actual Budget . (Unfavorable)
COUNTY ROADS AND HIGHWAYS:
Engineering and administration $ 531,479 $ 544,625 $ 13,146
Road maintenance 1,683,287 1,683,749 462
Reserve/temporary 108,874 128,900 20,026
Production 3,552,952 3,694,408 141,456
Municipalities -- 1,000 1,000
Bridge and culvert group 934,988 952,760 17,772
Capital Outlay 162 170 8
Total County Roads and Highways 6,811,742 7,005,612 193,870
TOTAL EXPENDITURES $ 6.811.742 $ 7,005.612 $ 193.870
Schedule of Operating Transfers-In Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS-IN:
General Fund $ 735,977 $ -- $ 735,977
Federal Revenue Sharing Fund 1,784,557 1,788,863 (4,306)
Contingent Fund 471,372 471,539 , (167)
Solid Waste Fund 71,300 71,300 • --
TOTAL OPERATING TRANSFERS-IN $ 3.063.206 $ 2.331.702 $ 731.504
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, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 1,780,560 $ 1,778,954 $ 1,606
Specific ownership taxes 140,210 133,053 7, 157
Penalties and interest on
delinquent taxes 7,028 -- 7,028
Total Taxes 1,927,798 1,912,007 15,791
INTERGOVERNMENTAL REVENUE:
State Operating Grants:
Administration 1,627,702 1,722,893 (95,191)
IV-D administration 184,680 158,700 25,980
Aid to families with
dependent children 3,484,027 3,428,000 56,027
AFDC - foster care 138,150 84,800 53,350
Aid to the blind 5,300 4,000 1,300
Aid to needy disabled 282,376 284,800 (2,424)
Day care - ordinary 404,990 539,000 (134,010)
Child welfare 856,639 708,800 147,839
Old age pension 1,617,285 1,683,000 (65,715)
Indo-Chinese refugee assistance 31,765 -- 31,765
Medical transportation 5, 104 7,500 (2,396)
Day care - WIN 2,943 21,800 (18,857)
General assistance 13,901 -- 13,901
Energy assistance 1,300,548 -- 1,300,548
Total Intergovernmental
Revenue 9,955,410. 8,643,293 _ 1,312, 117
TOTAL REVENUE $ 11,883.208 $ 10.555.300 $ 1,327.908
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, 1981
Variance
Favorable
Actual Budget (Unfavorable)
PUBLIC WELFARE:
Administration $ 2, 160,506 $ 2,218,200 $ 57,694
IV-D administration 235,515 221,600 (13,915)
Aid to families with dependent
children 4,625,334 4,285,000 (340,334)
AFDC - foster care 169,972 90,000 (79,972)
Aid to the blind 6,296 5,000 (1,296)
Aid to needy disabled 339,829 356,000 16,171
Day care - ordinary 497,980 642,000 144,020
Child welfare 695,805 923,000 227,195
Old age pension 1,617,385 1,683,000 65,615
Indo-Chinese refugee assistance 31,765 -- (31,765)
Medical transportation 5,104 7,500 2,396
Day care - WIN 3,270 28,000 24,730
General assistance 102,948 96,000 (6,948)
Energy assistance 1,300,594 _ -- (1,300,594)
Total Public Welfare 11,792,303 10,555,300 (1,237,003)
TOTAL EXPENDITURES $ 11.792.303 $ 10.555.300 $ (1.237.003)
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, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
INTERGOVERNMENTAL REVENUE:
Federal entitlements $ 1,628,298 $ 1,628,298 $ --
Total Intergovernmental Revenue 1,628,298 1,628,298 --
MISCELLANEOUS REVENUE:
Earnings on investments 29,767 29,766 1
Total Miscellaneous Revenue 29,767 29,766 1
TOTAL REVENUE $ 1.658.065 $ 1.658.064 $ 1
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, 1981
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING TRANSFERS-OUT:
Road and Bridge Fund $ 1,784,557 $ 1,788,863 $ 4,306
TOTAL OPERATING TRANSFERS-OUT $ 1,784.557 $ 1.788.863 $ 4.306
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, 1981
Variance
Favorable
Actual Budget (Unfavorable)
INTERGOVERNMENTAL EXPENDITURES:
Grants-in-aid to cities and
towns $ 3,820 $ 3,820 $ --
Total Intergovernmental
Expenditures 3,820 3,820 --
TOTAL EXPENDITURES $ 3.820 $ 3.820 $ --
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, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 29 $ -- $ 29
Total Taxes 29 -- 29
TOTAL REVENUE $ 29 $ -- $ 29
Schedule of Operating Transfers-Out Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING TRANSFERS-OUT:
Road and Bridge Fund $ 471,372 $ 471,372 $ --
TOTAL OPERATING TRANSFERS-OUT $ 471.372 $ 471,372 $ --
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, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
National Institute on Alcohol
Abuse and Alcoholism (NIAAA) $ 99,375 $ 89,243 $ 10,132
Medicare 1,175 -- 1,175
Medicaid 326 -- 326
EPA 19,502 -- 19,502
Other 152 -- 152
State operating grants:
State per capita 64,912 119,620 (54,708)
Alcohol rehabilitation 284,225 236,307 47,918
Family planning 120,013 122,803 (2,790)
Other 54,008 43,546 .10,462
Local:
Alcohol Recovery 20,849 20,849 --
Mental Health 6,669 6,669 --
Total Intergovernmental
Revenue 671,206 639,037 32,169
CHARGES FOR SERVICES:
Health:
Laboratory 16,233 18,454 (2,221)
Alcohol rehabilitation 20,874 15,000 5,874
Nursing 18,242 15,300 2,942
Home health care 15,227 -- 15,227
Environmental Health 44,870 44,500 370
Other 13,311 8,500 4,811
Total Charges for Services 128,757 101,754 27,003
MISCELLANEOUS REVENUE 143 340 (197)
TOTAL REVENUE $ 800.106 $ 741.131 $ 58.975
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, 1981
Variance
Favorable
Actual Budget (Unfavorable)
HEALTH AND HOSPITALS:
Administration $ 11,142 $ 11,337 $ 195
Health education 28,558 30,894 2,336
Laboratory 128,044 128,586 542
Alcohol rehabilitation 356,269 374,483 18,214
General nursing 493,039 590,177 97, 138
Environmental health 189,419 189,577 158
Total Health and Hospitals 1,206,471 1,325,054 118,583
TOTAL EXPENDITURES $ 1,206.471 $ 1,325.054 $ 118,583
Schedule of Operating Transfers-In Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS-IN:
General Fund $ 568,885 $ 568,885 $ --
TOTAL OPERATING TRANSFERS-IN $ 568.885 $ 568.885 $ --
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, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
INTERGOVERNMENTAL REVENUE:
State Operating Grants:
System Area Resource Center $ 30,814 $ 52,394 $ (21,580)
Total Intergovernmental
Revenue 30,814 52,394 (21,580)
CHARGES FOR SERVICES:
Payment-for-lending 21,787 3,000 18,787
Other 877 -- 877
Total Charges for Services 22,664 3,000 19,664
FINES AND FORFEITURES:
Library fines 3,108 3,800 (692)
Total Fines and Forfeitures 3,108 3,800 (692)
MISCELLANEOUS REVENUE:
Rent 1,200 1,200 --
Other 1,324 -- 1,324
Donations 631 377 254
Total Miscellaneous Revenue 3, 155 1,577 1,578
TOTAL REVENUE $ 59.741 $ 60.771 $ (1,030)
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, 1981
Variance
Favorable
Actual _ Budget (Unfavorable)
AUXILIARY SERVICES:
Weld County Library $ 319,368 $ 320,321 $ 953
System Area Resource Center 30,814 33,794 2,980
'Expenditures from donations 55 -- (55)
Total Auxiliary Services 350,237 354, 115 3,878
TOTAL EXPENDITURES $ 350.237 $ 354. 115 $ 3.878
Schedule of Operating Transfers-In Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS-IN:
General Fund $ 279,020 $ 276,528 $ 2,492
TOTAL OPERATING TRANSFERS-IN $ 279.020 $ 276.528 $ 2.492
The Notes to Financial le oStatements are an integral part of this schedule.
69
COUNTY OF WELD Schedule 13
STATE OF COLORADO
SPECIAL REVENUE FUNDS
HUMAN RESOURCES FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
INTERGOVERNMENTAL REVENUE:
Federal Operating Grants:
Employment Opportunity
Pilot Program $ 1,596,812 $ 2,551,462 $ (954,650)
Comprehensive Employment
Training Act 1,997,148 2,587,294 (590,146)
Community Services
Administration 181,468 181,414 54
Headstart 391,636 396,921 (5,285)
State Operating Grants:
Weatherization 117,450 160,500 (43,050)
Supplemental Foods 82,236 83,453 (1,217)
Work Incentive 7,763 80,000 (72,237)
Area Agency on Aging 242,706 269, 191 (26,485)
Job Service 160,990 200,000 (39,010)
Local Sources:
Transportatioh 30,132 25,000 5,132
Total Intergovernmental
Revenue 4,808,341 6,535,235 (1,726,894)
MISCELLANEOUS REVENUE:
Program Income 52,289 71,000 (18,711)
Non-Federal in-kind contributions 554,496 554,496 --
Other Non-Federal income 33,332 -- 33,332
Total Miscellaneous Revenue 640,117 625,496 14,621
TOTAL REVENUE $ 5,448.458 $ 7,160.731 S (1.712.273)
Schedule of Operating Transfers-In Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS-IN:
General Fund $ 7,471 $ 7,471 $ --
TOTAL OPERATING TRANSFERS-IN $ 7.471 $ 7.472 $ --
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, 1981
Variance
Favorable
Actual Budget (Unfavorable)
AUXILIARY SERVICES:
Employment Opportunity
Pilot Program $ 1,596,812 $ 2,551,462 $ 954,650
Comprehensive Employment
and Training Act 2,000,685 2,587,294 586,609
Community Services
Administration 181,468 181,414 (54)
Headstart 435,402 442, 144 6,742
Weatherization 117,450 160,500 43,050
Supplemental Foods 77,715 83,453 5,738
Work Incentive 7,763 80,000 72,237
Area Agency on Aging 301,576 320,890 19,314
Job Service 160,990 200,000 39,010
Transportation 9,909 25,000 15,091
In-kind expenditures:
Employment Opportunity
Pilot Program 14,420 14,420 --
Comprehensive Employment
and Training Act 17, 108 17,108 --
Community Services
Administration 300,487 300,487 --
Headstart 101,945 101,945 --
Weatherization 48,880 48,880 --
Work Incentive 6,110 6, 110 --
Area Agency on Aging 54,305 54,305 --
Job Service 11,242 11,242 --
Total Auxiliary Services 5,444,267 7,186,654 1,742,387
TOTAL EXPENDITURES $ 5,444,267 $ 7.186,654 $ 1.742,387
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, 1981 •
Variance
Favorable
Actual Estimate (Unfavorable)
CHARGES FOR SERVICES:
Surcharge on dumping fees $ 50,608 $ 37,500 $ 13,108
Total Charges for Services 50,608 37,500 13,108
TOTAL REVENUE S 50.608 S 37.500 S 13.108
Schedule of Operating Transfers-Out Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING TRANSFERS-OUT:
Road and Bridge Fund $ 71,300 $ 71,300 $ --
TOTAL OPERATING TRANSFERS-OUT $ 71.300 S 71.300 $ --
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 FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
INTERGOVERNMENTAL EXPENDITURES:
Grants-in-aid to cities and towns $ 4,774 $ 28,404 $ 23,630
Total Intergovernmental 4,774 28,404 23,630
Expenditures
$ 4.774 $ 28.404 '$ 23.630
TOTAL EXPENDITURES
The Notes to Financial Statements are an integral part of this schedule.
73
CAPITAL PROJECTS
FUNDS
Capital Projects Funds are established to account for financial resources used
for the acquisition or improvement of the capital facilities of the County.
(47-7-4H1
oO' "
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1981
Public Works Fund - County Buildings:
This fund accounts for various capital improvement projects on County
buildings.
75
COUNTY OF WELD EXHIBIT D-1
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
BALANCE SHEET
December 31, 1981
Public Works
Fund -
County
Buildings
ASSETS
ASSETS:
Cash with treasurer $ 340,887
Receivables (net where applicable
of allowance for uncollectibles) :
Current property taxes 200,266
Delinquent property taxes 1,018
TOTAL ASSETS $ 542.171
LIABILITIES AND FUND BALANCE
LIABILITIES:
Vouchers payable $ 70,308
Retainage payable 18,694
Deferred revenue 200,624
Total Liabilities 289,626
FUND BALANCE:
Reserved for encumbrances 47,172
Unreserved:
Designated for subsequent year's
expenditures 216,700
Undesignated (11,327)
Total Fund Balance 252,545
TOTAL LIABILITIES AND
FUND BALANCE $ 542.171
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
STATEMENT OF REVENUE, EXPENDITURES
AND CHANGES IN FUND BALANCE
Year Ended December 31, 1981
Public Works
Fund -
County
Buildings
REVENUE (Schedule 1) :
Taxes $ 134,920
Total Revenue 134,920
EXPENDITURES (Schedule 1) :
Capital outlay 527,299
Total Expenditures 527,299
EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES (392,379)
•
OTHER FINANCING SOURCES (Schedule 1) :
Operating Transfers-In 404,700
Total Other Financing Sources 404,700
EXCESS OF REVENUE AND OTHER
SOURCES OVER EXPENDITURES 12,321
FUND BALANCE, January 1, 1981 240,224
FUND BALANCE, December 31, 1981 $ 252.545
•
The Notes to Financial Statements are an integral part of this exhibit.
77
COUNTY OF WELD Schedule 1
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
PUBLIC WORKS FUND - COUNTY BUILDINGS
•
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 124,588 $ 124,827 $ (239)
Specific ownership taxes 9,858 6,744 3, 114
Interest and penalties on
•
delinquent taxes 474 -- 474
Total Taxes 134,920 131,571 3,349
TOTAL REVENUE $ 134.920 $ 131.571 $ 3.349
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
CAPITAL OUTLAY:
Building improvements $ 527,299 $ 776,494 $ 249,195
Total Capital Outlay 527,299 776,494 249,195
TOTAL EXPENDITURES $ 527.299 $ 776.494 $ 249.195
Schedule of Operating Transfers-In Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS-IN:
General Fund $ 404,700 $ 404,700 $ --
TOTAL OPERATING TRANSFERS-IN $ 404.700 $ 404.700 $ --
The Notes to Financial Statements are an integral part of this schedule.
78
Al. . SEESIS ME. PT
Special assessment funds are used to account for the financing of public
improvements or services deemed to benefit the properties against which
special assessments are levied.
•
01/
. .I
I
COUNTY OF WELD
•
STATE OF COLORADO
SPECIAL ASSESSMENT FUND
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1981
Improvement District Number 1981-2 Elmore Road:
This special assessment fund accounts for the Elmore Road paving project,
including subsequent collection of the special assessment from affected
property owners. Financing was provided through an advance from the General
Fund since the size of the improvement district project made bond financing
impractical.
79
COUNTY OF WELD EXHIBIT E-1
STATE OF COLORADO
SPECIAL ASSESSMENT FUNDS
BALANCE SHEET
December 31, 1981
ASSETS
Improvement
District
Number 1981-2
Elmore Road
ASSETS:
Special assessments receivable:
Current $ 2,789
Deferred 25,096
Due from other county funds 30,608
TOTAL ASSETS $ 58.493
LIABILITIES AND FUND BALANCE
LIABILITIES:
Due to other county funds $ 33,397
Deferred revenue 25,096
Advance from General Fund 25,096
Total Liabilities 83,589
FUND BALANCE:
Unreserved:
Undesignated (25,096)
Total Fund Balance (deficit) (25,096)
TOTAL LIABILITIES AND FUND BALANCE $ 58.493
The Notes to Financial Statements are an integral part of this exhibit.
80 •
COUNTY OF WELD EXHIBIT E-2
STATE OF COLORADO
SPECIAL ASSESSMENT FUNDS
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
Year Ended December 31, 1981
Improvement
District
Number 1981
Elmore Road
REVENUE (Schedule 1) :
Miscellaneous revenue $ 2,789
Total Revenue 2,789
EXPENDITURES (Schedule 1) :
Capital outlay 29,247
Total Expenditures 29,247
EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES (26,458)
OTHER FINANCING SOURCES (Schedule 1) :
Operating transfers-in 1,362
Total Other Financing Sources 1,362
EXCESS (DEFICIENCY) OF REVENUE AND
OTHER SOURCES OVER EXPENDITURES (25,096)
FUND BALANCE, January 1, 1981 --
FUND BALANCE (Deficit) , December 31, 1981 $(25,096)
The Notes to Financial Statements are an integral part of this exhibit.
81
COUNTY OF WELD Schedule 1
STATE OF COLORADO
SPECIAL ASSESSEMENT FUND
IMPROVEMENT DISTRICT NUMBER 1981-2 ELMORE ROAD
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
MISCELLANEOUS REVENUE:
Special assessments $ 2,789 $ 29,247 $(26,458)
Total Miscellaneous Revenue 2,789 29,247 (26,458)
TOTAL REVENUE $ 2.789 $ 29.247 $(26.458)
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
CAPITAL OUTLAY:
Special assessment projects $ 29,247 $ 29,247 $ --
Total Capital Outlay 29,247 29,247 --
TOTAL EXPENDITURES $ 29.247 $ 29,247 $ -
Schedule of Operating Transfers-In Compared with Estimate
Year Ended December 31, 1981
Variance
•
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS-IN:
General Fund $ 1,362 $ -- $ 1,362
TOTAL OPERATING TRANSFERS-IN $ 1.362 $ -- $ 1,362
The Notes to Financial Statements are an integral part of this schedule.
82
INTERNAL SERVICE
FUNDS
Internal Service Funds are established to account for goods and services
provided to other departments of the County on a cost-reimbursement basis.
fNIP
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1981
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 the County and
other agencies on a cost-reimbursement basis.
Insurance Fund:
This fund accounts for all insurance costs for the County. The program is a
combination of insured risks and protected self-insurance risks.
83
COUNTY OF WELD EXHIBIT F-1
STATE OF COLORADO
I S
COMBINING BALANCE SHEET
December 31, 1981
Computer
Motor Vehicle Printing and Services Insurance
Fund Supply Fund Fund Fund Total
ASSETS
CURRENT ASSETS:
Cash with treasurer $ 494,185 $ 36,976 $ -- $ 312,734 $ 843,895
Cash - other 50 -- -- -- 50
Receivables (net where
applicable of allowance for
uncollectibles):
Accounts 14,766. 1,928 95,549 406,849 519,092
Due from other governmental units -- -- 88,644 547 89,191
Due from other county funds 413,418 15,090 85,786 471 514,765
Inventories 345,149 51,277 -- -- 396,426
Prepaid expenses -- -- 6,000 -- 6,000
Total Current Assets 1,267,568 105,271 275,979 720,601 2,369,419
FIXED ASSETS:
Land 671,527 -- -- -- 671,527
Land under capital lease '
(Note 4) 239,642 -- -- -- 239,642
Land improvements 25,506 -- -- -- 25,506
Buildings 404,884 -- -- -- 404,884
Equipment and furniture 6,138,818 31,572 656,785 -- 6,827,175
7,,480,3// 3172 65685 -- 8168,734
Less: . Accumulated
depreciation (2,942,145) (15,445) (60,136) -- (3,017,726)
Total Fixed Assets 4,538,232 16,127 596,649 -- 5,151,008
TOTAL ASSETS $ 5,805,800 $ 121,398 $ 872,628 $ 720,601 $ 7,520,427
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES:
Cash with treasurer - overdraft $ -- $ -- $ 11,062 $ -- $ 11,062
Vouchers payable 93,461 2,557 60,873 28,818 185,709
Accrued liabilities 19,319 1,316 47,222 -- 67,857
Due to other county funds 41,380 2,607 83,987 268 128,242
Current portion of capital
lease obligation (Note 4) 40,710 . -- -- -- 40,710
Current portion of long-term
debt (Note 5) -- -- 53,973 -- 53,973
Deferred revenue -- -- -- 405,789 405,789
Other liabilities 3,811 -- -- -- 3,811
Total Current Liabilities 198,681 - 6,480 257,117 434,875 897,153
CAPITAL LEASE OBLIGATION (Note 4) 81,421 _ -- -- -- 81,421
LONG-TERM DEBT (Note 5) -- -- 196,769 -- 196,769
Total Liabilities 280,102 6,480 453,886 434,875 1,175,343
FUND EQUITY:
Contributed capital 4,761,547 120,599 -- -- 4,882,146
Retained Earnings:
Reseved for claims -- -- -- 121,528 121,528
Unreserved 764,151 (5,681) 418,742 164,198 1,341,410
Total Retained Earnings 764,151 (5 681) 418,742 285,726 1,462,938
Total Fund Equity 5,525,698 114,918 418,742 285,726 6,345,084
TOTAL LIABILITIES AND
FUND EQUITY la $ 121,398 $872,628 $ 720,601 $ 7,520,427
The Notes to Financial Statements are an integral part of this exhibit.
84
4
COUNTY OF WELD EXHIBIT F-2
SAO
I S
COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL
Year Ended December 31, 1981
Computer
Motor Vehicle Printing and Services Insurance
Fund Supply Fund Fund. Fund Total
CONTRIBUTED CAPITAL,
January 1, 1981 $ 4,442,130 $ 120,599 $ -- $ -- $ 4,562,729
Add:
1981 contributions from
General Fund 319,417 -- -- -- 319,417
CONTRIBUTED CAPITAL,
' December 31, 1981 $ 4,'161,547 $ 120,599 $ -- $ -- $ 4,882,146
The Notes to Financial Statements are an integral part of this exhibit.
85
COUNTY OF WELD EXHIBIT F-3
STATE of COLORADO
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS
Year Ended December 31, 1981
Computer
Motor Vehicle Printing and Services Insurance
Fund Supply Fund Fund Fund
(Schedules (Schedules (Schedules (Schedules
1 & 2) 3 & 4) 5 & 6) 7 & 8) Total
OPERATING REVENUE:Charges for services $ 2,718,352 1_121149.1 $ 1,701,630 $ 526,324 $ 5,050,737
Total Operating Revenue 2,718,352 104,431 1,701,630 526,324 5,050,737
OPERATING EXPENSES:
Personnel services 435,978 28,910 896,217 -- 1,361,105
Contractual services 1,643 64 529,552 49,153 580412
Supplies 14,417 3,706 72,450 49,221 139,794
Materials 1,366,067 65,925 -- -- 1,431,992
Heat, light and power 37 93937939
Depreciation .838,909 3,703 64,096 -- 906,708
Repairs and maintenance 7,678 8,156 -- -- '
r15,834
Insurance and bonds -- 238,500 238,500
Claims -- -- 64,163 64,163
Other expenses 68,521 348 13,208 1,065 83,142
Total Operating Expenses 2,771,152 110,812 1,575,523 402,102 4,859,589
Operating Income (Loss) (52,800) ___S±22111) 126,107 124,222 191,148
NONOPERATING REVENUE (EXPENSES):
Farm income 29,100 -- -- -- 29,100
Gain on sale of fixed assets - 60,273 -- -- -- 60,273
Earnings on investments -- -- -- 22,278 22,278
Judgements and damages 1,024 -- -- 1,144 2,168
Interest expense -- -- (22,365) -- (22,365)
Total Nonoperating
Revenue (Expenses) 90,397 -- (22,365) 23,422 91,454
Income (Loss) Before
Operating Transfers 37,597 (6,381) 103,742 147,644 282,602
OPERATING TRANSFERS-IN:
General Fund -- -- 315,000 -- 315000
,
Total Operating Transfers-In -- -- 315,000 -- 315,000
NET INCOME (LOSS) 37,597 (6,381) 418,742 147,644 597,602
RETAINED EARNINGS, January 1, 1981 726,554 700 -- 138082 865336
, ,
RETAINED EARNINGS (DEFICIT),
December 31, 1981 $ 764,151 $ (5,681) $ 418,742 $ 285,726 $ 1,462,938
The Notes to Financial Statements are an integral part of this exhibit.
86
COUNTY OF WELD EXHIBIT F-4
SLUE OF COLORADO
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
Year Ended December 31, 1981
Computer
Motor Vehicle Printing and Services Insurance
Fund Supply Fund Fund Fund Total
WORKING CAPITAL PROVIDED:
Net Income (Loss) (EXHIBIT F-3) $ 37,597 $ (6,381) $ 418,742 $ 147,644 $ 597,602
Add: Expenses deducted which
did not require outlay
of working capital:
Depreciation 838,909 3,703 64,096 -- 906,708
Working capital provided
from (used by) operations 876,506 (2,678) 482,838 147,644 1,504,310
Undepreciated cost of assets
sold or abandoned 163,271 -- 128,703 -- 291,974
Contributions 319,417 -- -- -- 319,417
Long-term financing received
in connection with acquisition
of fixed assets -- -- 364,532 -- 364,532
Total Working Capital Provided 1,359,194 (2,678) 976,073 147,644 2,480,233
WORKING CAPITAL APPLIED:
Acquisition of fixed assets 1,249,282 -- 716,454 -- 1,965,736
Payments and current maturities
of long-term debt and
capital lease obligations 40,711 -- 224,019 -- 264,730
Total Working Capital Applied 1,289,993 -- 940,473 -- 2,230,466
INCREASE (DECREASE) IN WORKING CAPITAL $ 69,201 1_11:15.21) $ 35,600 $ 147,644 $ 249,767
CHANGES IN COMPONENTS OF WORKING CAPITAL:
Increase (decrease) in current assets:
Cash with treasurer $ (120,152) $ 9,872 $ -- $ 159,544 $ 49,264
Receivables:
Accounts 13,132 845 78,753 406,849 499,579
Due from other governmental units -- -- 42,709 547 43,256
Due from other county funds 115,619 94 19,337 471 135,521
Inventories 16,045 (9,128) -- -- 6,917
Prepaid expenses -- -- 4,603 -- 4,603
Net increase in current assets 24,644 1,683 145,402 567,411 739,].40
Increase (decrease) in current liabilities:
Cash with treasurer-overdraft -- -- 5,266 -- 5,266
Vouchers payable (45,636) 2,450 52,204 16,558 25,576
Accrued liabilities (12,972) (696) (10,571) -- (24,239)
Due to other county funds 10,240 2,607 72,509 (2,580) 82,776 '
Current portion of long-term debt -- -- 37,235 -- 37,235
Deferred revenue -- -- (46,841) 405,789 358,948
Other liabilities 3,811 -- -- -- 3,811
Net increase (decrease) in
current liabilities (44,557) 4,361 109,802 419,767 489,373
INCREASE (DECREASE) IN WORKING CAPITAL $ 69,201 $ (2,678) $ 35,600 $ 147,644 $ 249,767
The Notes to Financial Statements are an integral part of this exhibit.
87
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, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING REVENUE:
Charges for services $ 2,718,352 $ 2,846,993 $ (128,641)
TOTAL OPERATING REVENUE $ 2.718.352 $ 2.846.993 $ (12$,441)
Schedule of Operating Expenses Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING EXPENSES: '
Personnel services $ 435,978 $ 405,242 $ (30,736)
Contractual services 1,643 2,650 1,007
Supplies 14,417 18,800 4,383
Materials 1,366,067 1,402,346 36,279
Heat, light and power 37,939 52,000 14,061
Depreciation 838,909 954,000 115,091
Repairs and maintenance 7,678 6,500 (1, 178)
Other expenses 68,521 82,451 13,930
TOTAL OPERATING EXPENSES $ 2.771.152 $ 2.923.989 $ 152.837.
`/3S97Y
The Notes to Financial Statements are an integral part of this schedule.
88
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, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
NONOPERATING REVENUE:
Farm income $ 29,100 $ 20,000 $ 9, 100
Gain on sale of fixed assets 60,273 218,600 (158,327)
Judgments and damages 1,024 -- 1,024
TOTAL NONOPERATING REVENUE $ 90.397 $ 238.600 $ (148.203)
Schedule of Fixed Asset Acquisitions Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
FIXED ASSET ACQUISITIONS:
Buildings $ 17,458 $ -- $ (17,458)
Equipment and furniture 1,231,824 1,389,500 157,676
TOTAL FIXED ASSET ACQUISITIONS $ 1.249,282 $ 1.389.500 $ 140.218
The Notes to Financial Statements are an integral part of this schedule.
•
89
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, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING REVENUE:
Charges for services $ 104,431 $ 114,756 $ (10,325)
TOTAL OPERATING REVENUE $ 104.431 $ 114.756 S (10..32.$)
The Notes to Financial Statements are an integral part of this schedule.
90
q
COUNTY OF WELD Schedule 4
STATE OF COLORADO
INTERNAL SERVICE FUNDS
PRINTING AND SUPPLY FUND
Schedule of Operating Expenses Compared .with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING EXPENSES:
Personnel services $ 28,910 $ 30,991 $ 2,081
Contractual services 64 -- (64)
Supplies 3,706 5,000 1,294
Materials 65,925 60,000 (5,925)
Depreciation 3,703 9,566 5,863
Repairs and maintenance 8, 156 8,750 594
Other expenses 348 449 101
TOTAL OPERATING EXPENSES $ 110.812 $ 114.756 $ 3.944
The Notes to Financial Statements are an integral part of this schedule.
91
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, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING REVENUE:
Charges for services $ 1,701,630 $ 1,658,325 $ 43,305
TOTAL OPERATING REVENUE $ J,7Q1.630 $ 1.658.325 S 43..305
Schedule of Operating Expenses Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING EXPENSES:
Personnel services $ 896,217 $ 901,227 $ 5,010
Contractual services 529,552 665,453 135,901
Supplies 72,450 75,705 3,255
Depreciation 64,096 -- (64,096)
Other expenses 13,208 15,940 2,732
TOTAL OPERATING EXPENSES $ 1.575.523 $ 1.658.325 $ 82.802
The Notes to Financial Statements are an integral part of this schedule.
92
COUNTY OF WELD Schedule 6
STATE OF COLORADO
'INTERNAL SERVICE FUNDS
COMPUTER SERVICES FUND
Schedule of Nonoperating Expenses Compared with Budjet
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
NONOPERATING EXPENSES:
Interest expense $ 22,365 $ -- $ (22,365)
TOTAL NONOPERATING EXPENSES $ 22.365 $ -- $ (22,365)
Schedule of Operating Transfers-In Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS-IN:
General Fund $ 315,000 $ 315,000 $ --
TOTAL OPERATING TRANSFERS-IN $ 315,000 $ --
Schedule of Fixed Asset Acquisitions Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
Fixed Asset Acquisitions:
Equipment $ 716,454 $ 329,280 $ (387,174)
TOTAL FIXED ASSET ACQUISITIONS $ 716,454 $ 329.280 $ (387,174)
The Notes to Financial Statements are an integral part of this schedule.
93
COUNTY OF WELD Schedule 7
STATE OF COLORADO
INTERNAL SERVICE FUNDS
INSURANCE FUND
Schedule of Operating Revenue Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING REVENUE:
Charges for services $ 526,324 $ 482,252 $ 44,072
TOTAL OPERATING REVENUE $ 526.324 S 482.252 $ 44.072
Schedule of Operating Expenses Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING EXPENSES:
Contractual services $ 49,153 $ 37,300 $ (11,853)
Supplies 49,221 305, 194 255,973
Insurance and Bonds 238,500 183,934 (54,566)
Claims 64, 163 20,000 (44,163)
Other expenses 1,065 -- (1,065)
TOTAL OPERATING EXPENSES $ 402.102 $ 546.428 $ 144.326
The Notes to Financial Statements are an integral part of this schedule.
94
COUNTY OF WELD Schedule 8
STATE OF COLORADO
INTERNAL SERVICE FUNDS
INSURANCE FUND
Schedule of Nonoperating Revenue Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
NONOPERATING REVENUE:
Earnings on investments $ 22,278 $ 30,000 $ (7,722)
Judgements and damages 1, 144 5,000 (3,856)
TOTAL NONOPERATING REVENUE $ 23,422 S 35.000 $ (11.578)
The Notes to Financial Statements are an integral part of this schedule
95
TRUST AND AGENCY
FUNDS
Trust and Agency Funds are established to record transactions relating to
assets held by the County in the capacity of trustee, custodian or agent for
individuals, governmental entities and non-public organizations.
�T �� skir
}
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1981
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 expenditures as
required by the Weld County General Hospital Board of Trustees, an
autonomous board responsible for administering the operations of the
hospital.
Antelope Hills Trust Fund:
This fund accounts for cash held in trust for the homeowners within the
Antelope Hills Subdivision.
Agency Funds:
General Agency Fund:
This fund accounts for all monies collected (principally tax collections)
by the Weld County Treasurer for various other local governmental units
within the County.
Payroll Agency Fund:
This fund accounts for the accumulation of County payrolls and related
wtihholdings. Disbursements are made to the appropriate financial
institutions through the payroll direct deposit system and the various
vendors for the withholdings.
97
Wilk
COLORADO
98
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99
COUNTY OF WELD EXHIBIT G-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, 1981
Weld County
Retirement Fund
OPERATING REVENUE:
Earnings on investments $ 468,727
Contributions 1,053,137
Total Operating Revenue 1,521,864
OPERATING EXPENSES:
Benefit payments 178,922
Refunds 235, 113
Administrative expenses (Schedule 1) 53,405
Total Operating Expenses 467,440
Income Before Operating Transfers 1,054,424
OPERATING TRANSFERS IN:
General Fund 53,405
Total Operating Transfers In 53,405
Net Income 1, 107,829
FUND BALANCE, January 1, 1981 6,364, 130
Adjustment of prior periods (Note 11) (724,025)
FUND BALANCE, January 1, 1981, as restated 5,640, 105
FUND BALANCE, December 31, 1981 $ 6,747,934
The Notes to Financial Statements are an integral part of this exhibit„
100
COUNTY OF WELD EXHIBIT G-3
STATE OF COLORADO
TRUST AND AGENCY FUNDS
STATEMENT OF CHANGES IN FINANCIAL POSITION
- ALL PENSION TRUST FUNDS
Year Ended December 31, 1981
Weld County
Retirement Fu
WORKING CAPITAL PROVIDED:
Net Income (EXHIBIT G-2) $ 1, 107,829
Working capital provided from operations 1, 1.07,829
Total Working Capital Provided 1, 107,829
WORKING CAPITAL APPLIED:
Adjustment of prior periods 724,025
INCREASE IN WORKING CAPITAL $ 383,804
CHANGES IN COMPONENTS OF WORKING CAPITAL:
Increase (decrease) in current assets:
Cash with Treasurer $ (1,033)
Cash - other 173
Investments 384,559
Receivables:
Accounts (77,443)
Due from other county funds 88, 100
Prepaid expenses 3,160
Net increase in current assets 397,516
Increase in current liabilities:
Vouchers payable 13,712
Net increase in current liabilities 13,712
INCREASE IN WORKING CAPITAL $ 383,804
The Notes to Financial Statements are an integral part of this exhibit.
101
COUNTY OF WELD EXHIBIT G-4
STATE OF COLORADO
TRUST AND AGENCY FUNDS
COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
- ALL EXPENDABLE TRUST FUNDS
Year Ended December 31, 1981
Weld County
General Hospital Antelope Hills
Trust Fund Trust Fund
(Schedule 2) (Schedule 3) Total
REVENUE:
Taxes $ 721,932 $ -- $ 721,932
Miscellaneous revenue 34,968 2,721 37,689
Total Revenue 756,900 2,721 759,621
EXPENDITURES:
Capital Outlay 29,503 -- 29,503
Total Expenditures 29,503 -- 29,503
EXCESS OF REVENUE OVER
EXPENDITURES 727,397 2,721 730,118
FUND BALANCE, January 1, 1981 1, 149 -- 1, 149
RESIDUAL EQUITY TRANSFERS -- 8,000 8,000
FUND BALANCE, December 31, 1981 $ 728,546 $ 10,721 $ 739,267
The Notes to Financial Statements are an integral part of this exhibit.
102
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103
COUNTY OF WELD Schedule 1
STATE OF COLORADO
TRUST AND AGENCY FUNDS
WELD COUNTY RETIREMENT FUND
Schedule of Administrative Expenses
Year Ended December 31, 1981
ADMINISTRATIVE EXPENSES:
Actuarial fees $ 23,705
Trustee fees 26,979
Audit Fees 2,721
TOTAL ADMINISTRATIVE EXPENSES $ 53,405
The Notes to Financial Statements are an integral part of this schedule.
104
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, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 666,755 $ 667,000 $ (245)
Specific ownership taxes 52,543 53,000 (457)
Interest and penalties on
delinquent taxes 2,634 -- 2,634
Total Taxes 721,932 720,000 1,932
MISCELLANEOUS REVENUE:
Earnings on investments 31,588 50,000 (18,412)
Miscellaneous 3,380 -- 3,380
Total Miscellaneous Revenue 34,968 50,000 (15,032)
TOTAL REVENUE $ 756,900 $ 770,000 $ (13100)
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1981
Variance
Favorable
Actual Budget (Unfavorable)
CAPITAL OUTLAY:
Capital acquisitions $ 29,503 $ 770,000 $ 740,497
Total Capital Outlay 29,503 770,000 740,497
TOTAL EXPENDITURES $ 29,503 $ 770,000 $ 740,497
The Notes to Financial Statements are an integral part of this schedule.
105
COUNTY OF WELD Schedule 3
STATE OF COLORADO T'
TRUST AND AGENCY FUNDS
ANTELOPE HILLS TRUST FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1981
Variance
Favorable
Actual Estimate (Unfavorable)
MISCELLANEOUS REVENUE:
Earnings on investments $ 2,721 $ _- $ 2,721
TOTAL REVENUE $ 2.721 $ -- $ 2,721
The Notes to Financial Statements are an integral part of this schedule.
106
GENERAL FIXED ASSETS
ACCOUNT GROUP
Investments in property and equipment, except for those of the Internal Service
Funds are recorded in this account group.
Wl`Pc.
COLORADO
COUNTY OF WELD SCHEDULE H-1
STATE OF COLORADO
GENERAL FIXED ASSETS
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCES
December 31, 1981
GENERAL FIXED ASSETS:
Land $ 993,069
Land improvements 199,455
Buildings 15,332,977
Equipment and furniture 1 ,741,658
TOTAL GENERAL FIXED ASSETS L 18,267. 159
INVESTMENTS IN GENERAL FIXED ASSETS FROM:
Current revenue $ 9,665,521
Gifts and grants 652,523
Federal Revenue Sharing 7,949,115
TOTAL INVESTMENTS IN GENERAL FIXED ASSETS X18,267, 159
107
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117
COUNTY OF WELD Table VI
STATE OF COLORADO
Special Assessment Collections
(Unaudited)
Last Ten Years
Current Current Ratio of Total
Assessments Assessments Collections Outstanding
Year Due Collected To Amount Due Assessments
1981* -0- -0- -- $ 27,885
*NOTE: 1) Weld County had no special assessments from 1972-1980.
2) No Current assessments are due for the Elmore Road Assessment
District until 1982.
118
COUNTY OF WELD Table VII
STATE OF COLORADO
Computation of Legal Debt Margin
(Unaudited)
December 31, 1981
Assessed Value, 1980 $ 731,849,970
Debt Limit 3 Percent of Assessed Value 21,955,499
Amount of Debt Applicable to Limit:
Total Bonded Debt $ -
Installment Purchase Agreements -
Total Amount of Debt Applicable to
Debt Limit
Legal Debt Margin
$ 21,955,499
Debt Limitation: Under Section 30-35-201, Colorado Revised Statutes,
1973, the County may incur indebtedness for general County
purposes in an amount not to exceed 3% of assessed valuation of
all taxable property.
119
COUNTY OF WELD TABLE VIII
STATE OF COLORADO
Tables Relating to Bonded Debt
(Unaudited)
December 31, 1981
Weld County is without bonded debt and the following statistical tables are not
presented:
A. Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per
Capita - Last Ten Years
B. 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
120
COUNTY OF WELD Table IX
STATE OF COLORADO
Demographic Statistics
(Unaudited)
December 31, 1981
1. Population: 1960 - 72,344
1970 - 89,297
1975 - 111,901
1980 - 123,438
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
1977 - 5,081
5. Median Family Income
(1970 Census) : $ 8,363 (1970 Census)
6. Population Per Household 1970 - 3.09
1980 - 2.66
7. Housing Units 1970 - 28,896
1980 - 46,475
Source: Greeley Area Chamber of Commerce Survey and U.S. Census data.
121
COUNTY OF WELD Table X
STATE OF COLORADO
Property Value, Construction, Bank Deposits,
and Other Economic Indicators
(Unaudited)
Last Ten Years
1970 1975 1980
Property Value - estimated actual
value (millions) $ 784.3 $ 1,264.1 $ 2,948.7
Building Permits 1,635 1,339 1,241
Estimated Construction (millions) $ 14.1 $ 20.6 $ 23.8
Bank Deposits (millions) $ 163.7 $ 363.2 $ 524. 5
Retail Sales (millions) $ 417.8 $ 878.0 $ 781.3
Value of Crop Production (millions) $ 64.6 $ 134.6 $ 185.0
Other years' data not available
Source: Greeley Area Chamber of Commerce Survey
122
COUNTY OF WELD Table XI
STATE OF COLORADO
Principal Taxpayers
(Unaudited)
December 31, 1981
1981
Assessed Valuation
Amoco $129,522,470
Eastman Kodak 53,003,930
Public Service Co. of Colorado 28,573, 150
Mountain Bell 12,733, 100
Energy Minerals 12,528,030
Panhandle Eastern Pipeline Co. 8,940,800
Machii-Ross Petroleum Co. 8,666, 110
Martin Oil Co. 7,898,880
Colorado Interstate Gas Co. 7,006,800
Champlin Petroleum Co. 6,845,700
Monfort of Colorado, Inc. 6,828,930
M.G.F. Oil Corporation 5,930,470
Home Light & Power Co. 5,751,900
Union Pacific Railroad Co. 5,744,600
Vessels Oil & Gas Co. 5,660,220
American Telephone & Telegraph 4,641 ,590
Crystal Exploration 3,482,920
J.K.F. Associates 3,357,650
Union Rural Electric Assn. 2,079,400
Coors 1,614, 170
Greeley National Bank 1,349,580
Hillside Shopping Center 1, 198,300
Greeley Gas Co. 1, 164,500
Monfort Packing Co. 968,690
Burlington Northern 782,400
123
COUNTY OF WELD Table XII
STATE OF COLORADO Page 1
Miscellaneous Statistics
(Unaudited)
December 31, 1981
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, 1981 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
1981 1,241 32,851,694
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
1981 - 129,159
10. Special Districts
within County: 28 - Cities and Towns
12 - Schools
6 - Fire
9 - Water and Sanitation
2 - Colleges
(Continued on next page)
124
COUNTY OF WELD Table XII
STATE OF COLORADO Page 2
Miscellaneous Statistics - Continued
(Unaudited)
December 31, 1981
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 Volumes
University of No. Colo. 800,000 Volumes
Weld County Library 140,000 Volumes
14. Elections: Number of Number Percent of
Registered of Votes Registered
Voters Cast Voters Voting
1974 General Election 45,175 30,002 66.4
1976 General Election 49,785 41,184 62. 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, 1981 : State - 3%
Source: Greeley Area Chamber of Commerce/County offices.
125
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126
COUNTY OF WELD Table XIV
STATE OF COLORADO
Salaries of Principal Officials
(Unaudited)
December 31, 1981
ELECTED OFFICIALS:
Commissioners $ 22,000
Clerk & Recorder 23,000
Treasurer 23,000
Assessor 23,000
Sheriff 23,000
District Attorney 45,000
APPOINTED:
County Attorney $ 45,000
Director of Planning 27,000
Director of Finance and
Administration 50,000
Director of Building and
Grounds 27,600
Director of Communications 21,000
Director of Ambulance Services 23,000
Director of Veterans' Affairs 18,750
County Engineer 38,000
Director of Social Services 35,892
Director of Health Department 60,000
Director of Library 27,000
Director of Human Resources 33,000
Director of Data Processing
Services 38,000
Director of Purchasing 23,000
Director of Personnel 30,000
127
COUNTY OF WELD Table XV
STATE OF COLORADO
Surety Bond Coverage For Principal Officials
(Unaudited)
December 31, 1981
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.
128
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