HomeMy WebLinkAbout20001301.tiff �� ''4",‘4441 Ig t �4' �fu p.`M �'�"►' '' x4" ,e
i ,%471'43
fit r 4 ...� ,,.ii �e 1 1 q r1FY4 ' 4414�E r d
33 r L � r
g swR ,u1 . ;x ;:f
;: `1;4',:", d '�?: • , xx",.a s s r4
'aA tk w.
d � x 1 l'
4.
'.. COMPREHENSIVE aX°
4
H
ANNUAL
l''' [ FINANCIAL
I ti 1os
o rr,4t
, ''' ''''Ill'Is
X0 "
iL a� iW ILFPOItT
, tty0'
YEAR ENDED DECEMBER 31, 1999
.(k4
a
i°
j
p "
t
t dti
Prepared by: I
, Finance/Accounting COUNTY OF WE ')
t � Departments t %
Ax k v
eO
e :. CiO
A
fi r r11 a me '' ,x"a it.wy 7w" x .C.
A R Y „,„:44t,;r ""x°
d f n,y ', 41 ° "— 4,4,�.q rw+, a
<• Wya .. m • ..„, 'd" x,. " EE a �y x,�eyj• 441
.ouvuozoo
eli
NOLL9JS
AZIO13(ldOZ LNI
TABLE OF CONTENTS
Pa"e
INTRODUCTORY SECTION
Table of Contents
Letter of Transmittal 1
Government Finance Officers Association Certificate
of Achievement for Excellence in Financial Reporting 13
Organization Chart 14
Principal County Officials 15
FINANCIAL SECTION
Independent Auditors' Report 17
GENERAL PURPOSE FINANCIAL STATEMENTS
Combined Balance Sheet - All Fund Types, Account Groups and
Discretely Presented Component Unit 20
Combined Statement of Revenues, Expenditures and Changes in Fund
Balances - All Government Fund Types, Expendable Trust Funds
and Discretely Presented Component Unit 22
Combined Statement of Revenues, Expenditures and Changes in Fund
Balances - Budget and Actual - General Fund, Special Revenue Funds
and Capital Project Funds 24
Combined Statement of Revenues, Expenses and Changes in Retained
Earnings/Fund Balances - All Proprietary Fund Types and Similar
Trust Funds 26
Combined Statement of Changes in Plan Net Assets -
Pension Trust Fund 27
Combined Statement of Cash Flows-
All Proprietary Fund Types and Nonexpendable Trust Fund 2$
Notes to Financial Statements 29
Pension Trust Required Supplementary Information 51
COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP
STATEMENTS AND SCHEDULES
GENERAL FUND
Balance Sheet 53
Statement of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual 54
SPECIAL REVENUE FUNDS
Explanations of Individual Funds 59
Combining Balance Sheet 60
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances 62
Public Works Fund - Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual 64
Social Services Fund - Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual 66
Conservation Trust Fund - Statement of Revenues, Expenditures
and Changes in Fund Balances- Budget and Actual 68
Contingent Fund - Statement of Revenues, Expenditures and Changes
in Fund Balances - Budget and Actual 69
Emergency Fund - Statement of Revenues, Expenditures and Changes
in Fund Balances - Budget and Actual 70
Public Health Fund - Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual 71
Human Services Fund - Statement of Revenues, Expenditures
and Changes in Fund Balances - Budget and Actual 72
Solid Waste Fund - Statement of Revenues, Expenditures and Changes
in Fund Balances - Budget and Actual 74
ii
CAPITAL PROJECTS FUND
Explanation of Individual Fund 75
Capital Expenditures Fund - Balance Sheet 76
Capital Expenditures Fund - Statement of Revenues, Expenditures
and Changes in Fund Balance, Budget and Actual %7
ENTERPRISE FUND
Explanation of Individual Fund 79
Ambulance Fund - Balance Sheet
Ambulance Fund - Statement of Revenues, Expenses and Changes
in Retained Earnings - Budget and Actual til
INTERNAL SERVICE FUNDS
Explanations of Individual Funds
Combining Balance Sheet
Combining Statement of Revenues, Expenses and Changes in
Retained Earnings
Combining Statement of Cash Flows S8
Motor Vehicle Fund - Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual 90
Health Insurance Fund - Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual ()I
Insurance Fund - Statement of Revenues, Expenses and Changes
in Retained Earnings - Budget and Actual 9?
Phone Service Fund - Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual 93
Weld Finance Corporation - Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual 94
iii
TRUST AND AGENCY FUNDS
Explanations of Individual Funds 95
Combining Balance Sheet 96
Pension Trust Fund - Statement of Changes in Plan Net Assets 98
All Expendable Trust Funds - Statement of Revenues,
Expenditures and Changes in Fund Balances 99
Nonexpendable Trust Fund - Statement of Revenues, Expenses
and Changes in Fund Balance 100
Statement of Changes in Assets and Liabilities -
All Agency Funds 101
GENERAL FIXED ASSETS ACCOUNT GROUP
Schedule of General Fixed Assets by Source 103
Schedule of General Fixed Assets by Function and Activity 104
Schedule of Changes in General Fixed Assets by Function and Activity 05
GENERAL LONG-TERM DEBT ACCOUNT GROUP
Schedule of Long-Term Debt 107
STATISTICAL SECTION
Tables Relating to Bonded Debt 109
General Governmental Expenditures by Function 110
General Revenue by Source 110
Property Value, Construction, Bank Deposits and Other Economic Indicators . . . . . . 112
Property Tax Levies and Collections 113
Assessed and Estimated Actual Value of Property . 113
Property Tax Levies - Direct and Overlapping Governments . 114
iv
STATISTICAL SECTION (Continued):
Special Assessment Collections 115
Computation of Legal Debt Margin 116
Demographic Statistics 117
Principal Taxpayers 118
Miscellaneous Statistics 119
Insurance in Force 121
Salaries of Principal Officials 122
Surety Bond Coverage for Principal Officials 122
Private Purpose Revenue Bonds 123
Computation of Overlapping Bonded Debt - General Obligation Bonds 124
COMPLIANCE SECTION
Independent Auditors' Report on Compliance and on Internal Control over
Financial Reporting on an Audit of Financial Statements Performed
in Accordance with Government Auditing Standards 125
Independent Auditors' Report on Compliance with Requirements Applicable
to each Major Program and on Internal Control over Compliance
in Accordance with OMB Circular A-133 127
Schedule of Expenditures of Federal Awards 129
Notes to Schedule of Expenditures of Federal Awards 132
Schedule of Findings and Questioned Costs 133
Summary Schedule of Prior Audit Findings 134
v
SUPPLEMENTAL INFORMATION:
Independent Auditors' Report 135
Annual Statement of Receipts and Expenditures for Roads,
Bridges & Streets 136
vi
DEPARTMENT OF FINANCE
AND ADMINISTRATION
PHONE (970)356-4000, EXT.4218
111 pFAX: (970) 352-0242
P.O. BOX 758
C• GREELEY, COLORADO 80632
COLORADO
June 1, 2000
Honorable Board of Commissioners
County of Weld 915 10th Street
Greeley, CO 80631
Dear Board Members:
The Comprehensive Annual Financial Report of the County of Weld,State of Colorado for the fiscal
year ended December 31, 1999, is hereby submitted. Responsibility for both the accuracy of the
data, and the completeness and fairness of the presentation, including all disclosures, rests with
the County. To the best of our knowledge and belief, the enclosed data is accurate in all material
respects and is reported in a manner designed to present fairly the financial position and results
of operations of the various funds and account groups of the County. All disclosures necessary
to enable the reader to gain an understanding of the County's financial activities have been
included.
The Comprehensive Annual Financial Report is presented in four sections: introductory, financial,
statistical and compliance. The introductory section includes this transmittal letter the
government's organizational chart and a list of principal officials. The financial section includes the
general purpose financial statements and the combining and individual fund and account group
financial statements and schedules, as well as the independent auditors' report on the financial
statements and schedules. The statistical section includes selected financial and demographic
information, generally presented on a multi-year basis.
The County is required to undergo an annual single audit in conformity with the provisions of the
Single Audit Act of 1984, Federal Single Audit Amendments of 1996, and U.S. Office of
Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit
Organizations. Information related to this single audit, including the schedule of expenditures of
federal awards, and auditors' reports on compliance and internal controls, are included in the
compliance section of this report.
The funds and entities related to the County of Weld that are in our Comprehensive Annual
Financial Report include those of separately administered organizations that are financially
accountable to the County.
The financial statements of the following organizations are included in the accompanying financial
statements:
• Weld County Housing Authority
• Weld County Retirement Plan
• Weld County Finance Corporation
1
Honorable Board of Commissioners
The following related organizations are excluded from the accompanying financial statements:
• Greeley-Weld Airport Authority
• Weld Library District
Details of the criteria applied and the specific reasons for inclusion or exclusion are contained in
the Notes to Financial Statements.
The County provides the full range of county services contemplated by statute or charter. These
include general government functions, public protection and safety, health,social services, human
resource services, public improvements, road and bridge operations, planning and zoning, and
general administrative services.
ECONOMIC CONDITION AND OUTLOOK
As Marie Leigh Livingston, UNC Department of Economics, pointed out in a recent EDAP article,
the economic events continue to be truly remarkable. The national and state economies continue
to grow for the ninth year in a row, making this economic expansion the longest since World War
II. Economists around the world have been surprised by this growth. The fact is that consumers
(who make up the majority of spending) continue to be confident about the economy. As a result,
consumers are spending virtually all of their income and saving very little. The low savings rate
may reflect the wealth affect of the booming stock market.
Northern Colorado and Weld County continue to grow at an even faster pace than the nation. In
terms of population, Colorado is the third fastest growing state in the nation, increasing 2% per
year, which is double the national rate. Higher rates of economic growth show up in lower
unemployment figures. Unemployment is at its lowest rate in this region for almost 30 years. The
downside of growth shows up in higher rates of inflation. In Greeley/Weld it is estimated to be
about 4% compared to 2.6% for Colorado and 1.6% for the nation.
Of course, the high overall rate of growth is not shared evenly between sectors. The finance,
insurance, and real estate sector is certainly booming. Construction continues to grow at a rapid
pace. For example, the rate of increase in residential permits in Weld County outpaced that found
in most of the rest of the state. On the other hand, problems in Asia have produced hits on the
agriculture and technology sectors, resulting in significant problems in these sectors.
Both agriculture and technology are most closely tied to export markets. Statewide, Japan is
Colorado's largest export market (15.6% of total exports) and exports to all Asian countries make
up one-third of all exports. It has been estimated that about 500 jobs have been lost in the high
technology sector due to the Asian crisis. Agriculture has been hit by the Asian crisis, the
weakness of Russia's economy(also an export market)and general conditions of over production
at home.
A number of factors have contributed to the growth of Greeley and Weld County in the past ten
years. Certainly, population growth and the health of the national economy are critical. In addition,
the efforts of EDAP have been instrumental in bringing many companies to the region, resulting
in significant economic effects in the area. Dr. John Green, Professor and Regional Economist at
the University of Northern Colorado, recently completed an impact analysis of the location and
expansion of several companies in the Greeley area, where EDAP had a significant role.
2
Honorable Board of Commissioners
Specifically, Dr. Green studied the combined impacts of a group of small industries who have
located in Greeley in the past ten years, including Computer Information Concepts, Meadow Gold
Dairy, Trans World Supplies, Brewer Steel, Florida CirTech, Rubadue Wire Company, and Zateca
Foods. Together, these companies produced an additional $65 million in output, hired 393
individuals, paid $10 million in wages and salaries, and $700,000 in business taxes.
The positive economic spinoffs from these direct investments have been substantial. Spinoffs can
be categorized into indirect effects and induced effects. Indirect effects are the purchases these
companies make from other businesses in Greeley. Induced effects are caused by household
spending, including employees of the original set of companies and the employees of all other
businesses from which purchases are made.
Taken in total, spending by these seven companies results in $103 million (direct, indirect and
induced) in output, 827 new jobs, $19.5 million in wages and salaries and $2.6 million in business
taxes. Therefore, the economic impacts of these companies were more than doubled when
spinoffs are taken into consideration.
It is also possible to look at how these dollars affect certain sectors. In this case, Dr. Green's study
indicates that in terms of employment, most of the effect was felt in the manufacturing sector (386
employees). In addition, 200 more people were employed in the services sector and 140 in the
trade sector. Most of the new value added was in the fluid milk sector but substantial amounts
were added in the dehydrated food products and fabricated structural metal sectors.
In summary, it is clear that Greeley and Weld County are experiencing the full benefits and some
of the problems associated with rapid economic growth. EDAP has contributed to this growth by
actively seeking companies that promise to bring new jobs and economic activity to the region It
is hard to imagine that growth will continue at the extremely high rates we have seen in the past
year or two. But it seems clear that Northern Colorado will continue to outpace the national
economy and be an attractive place for producers and consumers to locate for the foreseeable
future.
MAJOR INITIATIVES
For the Year: In 1999 the Board identified a number of significant program changes to enhance
service delivery to the citizens of Weld County. The following is a summary of significant program
changes and initiatives for 1999:
> Upgraded the Sierra system for building and land use permit issuance.
> Performed a study of developing a transportation system in southwest Weld County and
the Windsor area that the county and municipalities agreed to, along with transportation
impact fees.
> Continued implementation of community-oriented policing program in Sheriff's Office.
> Added two additional courtrooms for State Court operations.
> Completed all mapping to implement the Geographical Information System (GIS).
> Continued the implementation of welfare reform in Weld County.
3
Honorable Board of Commissioners
> Opened the Social Services, Health, and Public Works buildings to eliminate all leased
facilities and accommodate space needs.
> Acquired the TelePath phone answering system for the Treasurer and Assessor to handle
property tax related inquiries.
> Added staff for District Attorney due to added police officers in the county and new
domestic violence magistrate added to County Court.
> Added a Long Range Planner position mid-year to coordinate community growth issues.
> Added four Sheriff's Deputy positions via a COPS UHP grant.
> Reinstated funding for North Front Range Behavioral Health for mental health services.
> Added three pay steps to the County pay system.
> Installed the "Welcome to Weld County" website.
FOR THE FUTURE
As Weld County looks to 2000, a number of significant changes will be in focus for the Board and
staff to meet the needs of the county.
The passage of State Constitutional Amendment One (TABOR)will continue to have a significant
impact on the future of Weld County government. The tax, revenue, and spending limitation will
constrain many of the fiscal options historically available to Weld County.
The TABOR limit, coupled with the Home Rule 5% property tax limitation,will make it more difficult
to fiscally meet the demands for service that growth and development is making in all aspects of
Weld County government. Even if creative financial solutions such as impact fees and grants are
developed, without the voters removing the TABOR spending limit, the resources will not be able
to be spent.
Weld County must continue to deal with the rapid growth that it is experiencing in Southwest Weld
County, Windsor, and West Greeley. The growth impacts the criminal justice system, land use
planning, transportation systems, and human services. All these new demands from growth
pressures come at a time when the public's demand is to limit the size of government and its tax
revenues, resulting in such issues as welfare reform, the TABOR tax revenues, and spending
limitations. Weld County has to respond with new and creative ways to deal with these issues in
a way that is satisfactory to the citizens and maintains the high quality of life they are accustomed
to having in Weld County.
Federal and state legislation over the past few years has had a significant impact on welfare
programs administered by Weld County Social Services. In the future we can expect client
eligibility, program design, state rules, allocation methods, and funding levels to change. 1 his will
call for Weld County to adjust how we do business in the delivery of human service. In 2000, the
outlook is positive primarily due to a healthy economy and adequate program funding. However,
in the future the demand for services is likely to grow because of the population growth :and an
increase in social problems as the county becomes more urbanized.
4
Honorable Board of Commissioners
With growth has come the demand and need for a larger criminal justice system in Weld County.
The county is experiencing more people and becoming more urbanized. As a result,Weld County
has more urban problems, such as crime. The result has been the addition of more police officers
in Weld County, which impacts the Sheriffs patrol operation, jails, District Attorney, and courts.
All of these areas in the 2000 budget show significant increases in demand for service and costs.
The District Attorney requested two additional staff members to deal with the growing caseload
resulting from over 40 new police officers county wide. The Sheriff has requested four additional
officers to respond to calls and investigate the increased criminal activity in Weld County. All this
has impacted the population of the new jail that was opened in late 1997, and is already
approaching capacity.
The criminal justice system costs do not stop with the operational costs of the budget, but spill over
into the capital expenditures, also. The capital budget for 2000 includes funds being reserved for
additional jail space construction as early as 2002-2003. Weld County needs to convert to a new
800 MHZ digitized radio system over a 5-6 year phased in process. The system is needed since
the FCC will no longer issue lower level frequencies in high growth areas, such as the Front Range
of Colorado. New frequencies are needed due to the growth and demand for public safety services
in the area. The new technology will also allow agencies to communicate with each other on the
same frequencies when an emergency situation requires multiple agencies to respond. The E-911
Board has committed $1,200,000 to this project, and a$2,000,000 energy impact assistance grant
has been approved. This project is essential to keep the Weld County Regional Communications
Center functioning in the future with all the anticipated growth in the county. Radios to
accommodate this system will be acquired via normal attrition and the county's radio replacement
program.
The growth in construction and development have caused the addition of staff in the Planning and
Building Inspection budgets. The spin off is that growth is impacting virtually every county
department; not only direct service departments, but also support functions, such as the
Geographical Information System.
A direct growth impact is increased traffic in Weld County. A major initiative was completed in 1999
by Weld County and several municipalities including Frederick, Firestone, Dacono, Erie, Mead,
Longmont, and Windsor to address improvements in transportation systems. The jurisdictions
joined with Weld County in a collaborative effort to identify transportation systems to serve these
areas, develop uniform transportation infrastructure standards,and implement impact fees to help
construct new transportation infrastructures to serve these areas. To complete key parts of that
larger project,the County hired a consultant to study transportation infrastructure standards, impact
fees and ordinances to implement impact fees. The County's goals for the larger project were to:
• Develop transportation routes that maximize energy efficiency and maximize efficient use
of infrastructure resources.
• Develop transportation routes that minimize traffic congestion.
• Understand the economic implications of growth on the transportation systems of the two
areas and identify ways to mitigate negative impacts.
• Understand how regional taxes and revenues relate to transportation system funding,
particularly impact fees,for the two areas and design a proposal to implement impact fees
to complement such taxes and revenues.
5
Honorable Board of Commissioners
With actions and programs like transportation planning, GIS, and appropriate staffing in impacted
areas, Weld County is positioning itself to deal with growth as it impacts land use, transportation,
human service requirements, public safety and economic development in the future.
Department Focus: The County uses Banner financial software and the PeopleSoft numan
resources system, which were implemented January 1, 1996. Both systems have provided the
County with necessary query management facilities, graphic presentation and upload/download
capabilities, and were certified year 2000 compatible. Both systems converted to the year 2000
operations without any problems. Both systems have been beneficial in allowing greater user
access to financial information, thereby assisting the managers of the county in business planning
of individual departments.
Program changes for 2000 involve the following:
> Implement impact fees to fund an identified transportation system in southwest Weld
County and the Windsor area agreed to by the County and municipalities.
> Continued implementation of community-oriented policing program in Sheriffs Offce.
> Added domestic violence courtroom for State Court operations.
> Completed all mapping to implement the Geographical Information System (GIS).
> Continue the implementation of welfare reform in Weld County.
> Added an environmental specialist to perform environmental education as part of the Solid
Waste Action Group.
> Funding for a new community building at Island Grove.
> Additional engineering staff to deal wtih drainage issues.
> Addition of four Sheriffs Deputy positions via a COPS UHP grant.
> Additional .5 FTE Animal Control Officer to increase enforcement.
> Agricultural Advisory Committee will review county policies and land use issues associated
with agriculture in the County.
> Beginning a four-year process to convert the Regional Communications Center to an 800
MHZ radio system.
> Additional building inspectors to accommodate building development.
6
Honorable Board of Commissioners
FINANCIAL INFORMATION
Management of the County is responsible for establishing and maintaining an internal control
structure designed to ensure that the assets of the County are protected from loss,theft or misuse
and to ensure that adequate accounting data are compiled to allow for the preparation of financial
statements in conformity with generally accepted accounting principles. Internal controls are
designed to provide reasonable, but not absolute, assurance that these objectives are met. The
concept of reasonable assurance recognizes that: (1)the cost of a control should not exceed the
benefits likely to be derived; and (2) the evaluation of costs and benefits requires estimates and
judgments by management.
Single Audit. As a recipient of federal and state financial assistance,the County also is responsible
for ensuring that adequate internal controls are in place to ensure compliance with applicable laws
and regulations related to those programs. Internal controls are subject to periodic evaluation by
management and external auditors.
As a part of the County's single audit, described earlier,tests are made to determine the adequacy
of internal controls, including that portion related to federal financial assistance programs, as well
as to determine that the County has complied with applicable laws and regulations. The results
of the County's single audit for the fiscal year ended December 31, 1999, indicated no instances
of material weaknesses in internal controls or significant violations of applicable laws and
regulations.
Budgeting Controls. In addition, the County maintains budgetary controls. The objective o' these
budgetary controls is to ensure compliance with legal provisions embodied in the annual
appropriated budget approved by the government's governing body. Activities of the Genera Fund,
Special Revenue Funds, Capital Project Fund, Enterprise Fund and Internal Service Funds are
included in the annual appropriated budget. The level of budgetary control (that is, the level at
which expenditures cannot legally exceed the appropriated amount)is established at the fund level,
except for the General Fund which is at the department level. The County also maintains an
encumbrance accounting system as one technique of accomplishing budgetary control. Purchase
orders which result in an overrun of department balances are not released until additional
appropriations are made available. Encumbered amounts lapse at year end. However,
encumbrances generally are reappropriated as part of the following year's budget.
As demonstrated by the statements and schedules included in the financial section of this report,
the government continues to meet its responsibility for sound financial management.
7
Honorable Board of Commissioners
GENERAL GOVERNMENT FUNCTIONS
Revenue for general government functions including General, Special Revenue, Capital Projects
and Expendable Trust Funds totaled$84,076,600 in 1999,an increase of 8.8%over 1998. General
property taxes and specific ownership taxes produced 44.6% of total revenue, up from 1998. The
amount of revenue from various sources and the changes from 1998 are shown in the following
tabulation:
Increase
Percent (Decrease)
Revenue Sources Amount of Total from 1998
Taxes $ 37,525,208 44.6% $ 4,030,932
Licenses and Permits 1,800,314 2.1 34,317
Intergovernmental Revenue 33,007,428 39.3 3,241,252
Charges for Services 4,095,362 4.9 (20,798)
Fines and Forfeitures 63,088 .1 27,824
Miscellaneous Revenue 3,851,517 4.6 (704,161)
Fees 3,733,683 4.4 186,016
Total $ 84,076,600 100.0% $ 6,795,382
The mill levy was 22.038 mills, unchanged from last year. The assessed value for the 1999 oudget
was $1,550,183,200, which is up $73.5 million or 4.98% over last year. All classes of property
increased in assessed value for the year. Agricultural properties increased the least, up only
$283,430 or 0.29%. New construction in residential properties resulted in a $25.8 million increase,
or 5.30%. Commercial property was up $13.2 million or 5.29%, and industrial property was up
$11.8 million, or 7.44%. Oil and gas assessments were up $13.0 million, or 3.77%. State
assessed property was up$4.8 million,or 2.74%. Since this is a non-reappraisal year the increase
is almost all attributed to growth and new construction, except for oil and gas that is based upon
production and energy prices.
Current tax collections were 99.8% of the tax levy, down .79% from 1998. Delinquent tax
collections were $68,396 compared with $108,995 in 1998.
Allocations of property tax by purpose for 1999 and 1998 are shown as follows:
1999 1998
Purpose Mills Mills
General Fund 14.737 16.069
Special Revenue Funds 5.317 3.338
Capital Projects Fund 1.629 1.947
Internal Service Funds .355 .684
Total Tax Rate 22.038 22.038
Intergovernmental Revenue represented 39.3%of total general governmental revenue,compared
with 38.5% for 1998. Social Service programs account for 20.9% of the intergovernmental
revenue, which is caused by the increased caseload of the welfare system in the areas of Foster
Care and Day Care.
8
Honorable Board of Commissioners
Expenditures for general governmental purposes including General, Special Revenue, Capital
Projects, and Expendable Trust Funds totaled $82,810,848, an increase of 2.6% from 1998.
Changes in levels of expenditures for major functions of the county over 1998 are shown in the
following tabulation:
Increase
Percent (Decrease)
Expenditure Purpose Amount of Total from 1998
Current Operating:
General Government $ 14,278,671 17.2% $ 827,864
Public Safety 18,403,498 22.2 817,778
Public Works 16,157,879 19.5 598,786
Public Health & Welfare 17,353,948 21.0 2,396,002
Culture & Recreation 370,150 .5 (70,014)
Economic Assistance 8,160,520 9.9 (115,013)
Miscellaneous 1,263,079 1.5 189,728
Capital Outlay 5,816,220 7.0 (2,516,584)
Debt Service 440,714 .5 (39,211)
Intergovernmental 566,169 .7 39,739
Total $ 82,810,848 100.0% $ 2,129,075
The major factors impacting Weld County in 1999 deal with the rapid growth that it experienced
county wide. The growth impacted the criminal justice system, land use planning, transportation
systems, and human services. The growth in construction and development caused the addition
of staff in the Planning, Building Inspection, and Clerk and Recorder departments. This was
necessary to keep up with the rapid growth in the County. The spin off was that the growth was
impacting virtually every County department. Not only direct service departments, but also support
functions, such as the Geographical Information System that is being implemented.
As one examines specific areas one finds that general government functions are up $827,864, the
one-time costs of mapping of the Geographic Information System was up $271,267. In addition,
with 1999 being an off-year for elections, the costs of that function were down $111,080. The
reductions are offset by increases in the costs of the District Attorney, which are up $360,132 due
to three additional staff members to deal with the caseload growth. In addition, there were
increases in Printing and Supply of $1,339, Planning staff additions amounted to $109,324,
Assessor staff increases$18,035, and the costs of adding the maintenance of three new buildings
$178,773. Public Safety is up$817,778. The increases are in the patrol operations of the Sheriffs
Office$204,748 with four new officers,and another$88,997 in other cost increases for the Sheriff.
Community Corrections grants, which are 100 percent State dollars, are up$273,776 as the state
spends funds in this program to reduce prison overcrowding. The subsidy to the Greeley-Weld
County Airport is down $55,832, due to less FAA grant matching requirements for the Airport
Master Plan development. Subsidy for the Health Department is up $363,717, primarily due to
salary adjustments. Mental health costs are up $91,875 because Front Range Behavioral Health
9
Honorable Board of Commissioners
has requested its former funding level prior to 1999. A salary adjustment of 4 percent resulted in
a $741,970 increase. Economic development state grants were up $445,505 for revolving loan
funds. Other items were relatively stable for 1999.
Licenses and permits are up $35,220 in Planning and Building Inspection fees due solely to
increased building and development activity. Grant revenue is up $1,070,793, partially attributed
to Community Corrections grants from the state. Charges for services are down $150,765,
because of the drop in state inmate revenue in the jails. Fees are up $185,421 due to the Clerk
and Recorder fees ($310,898) and Treasurer fees ($6,818), primarily. Miscellaneous fees are
down $132,295, from rental fees for the new Social Services Annex, tower rental, and Sheriff's
revenues. Other revenue sources remained very stable and unchanged for 1999.
FUND BALANCE
Total fund balance and fund equity in the major operating funds were maintained at adequate
levels. The General Fund balance of $2,642,968 was down $1,299,564 from last year. The
$17,635,082 balance in the Special Revenue Funds was up from the previous year by 18.8°A.
Enterprise Operations: The County's enterprise operation is comprised of the Ambulance Service
Fund. The Ambulance Service is a county-wide advanced life support emergency medical service.
The program is primarily supported by fees with a subsidy from the County of indirect support costs
only. The operation answered over 7,500 calls in 1999 and generated revenue of$4,199,786.
Pension Trust Fund Operations: The operations of the Weld County Retirement Plan remained
stable in 1999. The annual actuarial valuation continues to reflect a positive trend in the funding
of the retirement plan, resulting in an excess funding capacity in the amount of $160,251.
Internal Service Funds: The Internal Service Funds consists of five funds. The Motor Vehicle Fund
provides maintenance to all vehicles owned by the County, as well as renting equipment to Road
and Bridge and other various departments. The Health Insurance Fund provides dental and vision
health coverage for all employees of the County. The Insurance Fund provides workers'
compensation, property and casualty insurance needs for the County. The PBX Fund provides all
phone service to the County. The Weld Finance Corporation Fund provides capital financing for
building facilities to the County.
Capital Proiect Funds: The Capital Expenditures Fund was established to account for all capital
projects for general County use. At the end of each fiscal year, the completed project items are
transferred to the General Fixed Asset Account Group. The County has developed a five year
Capital Improvements Program outlining projected costs and probable sources of funding for
various capital improvement projects. Funds in 1999 were for the new Social Services building,
Health building and Public Works facility.
General Fixed Assets: The General Fixed Assets of the County are the fixed assets used in the
performance of general governmental functions and exclude the fixed assets of the Proprietary
Funds. As of December 31, 1999, the General Fixed Assets of the County amounted to
$52,746,391. This amount represents the original cost of the assets and is considerably more than
their present value. Depreciation of General Fixed Assets is not recognized in the County's
financial statements.
10
Honorable Board of Commissioners
Debt Administration: In 1999 the County continued to have no bonded indebtedness. With the
passage of HB 1579 in 1981, Section 30-35-201, C.R.S., 1973 now allows the debt ceiling to be
3% of the assessed valuation of the County. Thus, Weld County maintains over a forty-six million
dollar allowable debt capacity in accordance with Colorado Revised Statutes. There are
lease/purchase agreements which involve two Certificate of Participation Bond Issues totaling
$8,305,000 for the construction of the new jail and north administrative buildings.
Cash Management: Cash temporarily idle during the year was invested in time deposits ranging
up to 180 days to maturity. Interest earned on investments of cash held by the County Treasurer
was recorded as revenue in the General Fund,with the exception of interest attributed to the other
specified funds, and the interest earned on certain deposits held for other taxing authorities The
amount of interest earned was $2,285,085 in 1999.
The County's investment policy is to minimize credit and market risks while maintaining a
competitive yield on its portfolio. Accordingly, deposits are either insured by federal depository
insurance or collateralized. All collateral on deposits was held either by the County, its agent or
a financial institution's trust department in the County's name. All of investments held by the
County during the year and at December 31, 1999, are classified in the category of lowest credit
risk as defined by the Governmental Accounting Standards Board, except for mutual funds and
investment pools which cannot be categorized.
Risk Management: During 1999 Weld County continued to be a member of Colorado Counties
Casualty and Property Pool. The pool offers full safety and risk management programs to minimize
losses, together with 57 other Colorado counties. Effective January 1, 1992,Weld County became
self-insured under a State permit for workers' compensation.
OTHER INFORMATION
Independent Audit: The Weld County Home Rule Charter requires an annual audit of the books
of accounts, financial records, and transactions of all administrative departments of the County by
independent certified public accountants selected by the Board of County Commissioners, and
engaged for a period not to exceed five years. The accounting firm of Kennedy and Coe, LLC,was
selected by the County. In addition to meeting the requirements set forth in the Charter, the audit
also was designed to meet the requirements of the Federal Single Audit Act of 1984, Federal
Single Audit Amendments of 1996, and related OMB Circular A-133. The auditors' report on the
general purpose financial statements and combining and individual fund statements and schedules
is included in the Financial Section of this report. The auditors' reports related specifically to the
single audit are included in the Compliance Section.
Awards: The Government Finance Officers Association (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to the County for its Comprehensive Annual
Financial Report for the fiscal year ended December 31, 1998. This was the nineteenth year that
the County has received this prestigious award. In order to be awarded a Certificate of
Achievement, the County published an easily readable and efficiently organized Comprehensive
Annual Financial Report. This report satisfied both generally accepted accounting principles and
applicable legal requirements.
11
Honorable Board of Commissioners
A Certificate of Achievement is valid for a period of one year only. We believe that our current
Comprehensive Annual Financial Report continues to meet the Certificate of Achievement
Program's requirements and we are submitting it to the GFOA to determine its eligibility for another
certificate.
In addition, the County also received the GFOA's Award for Distinguished Budget Presentation for
its 1999 annual appropriated budget for the fourteenth consecutive year. In order to qualify for the
Distinguished Budget Presentation Award, the County's budget document was judged to be
proficient in several categories including policy documentation,financial planning and organization.
ACKNOWLEDGMENTS
Financial reports are valuable in that they provide a permanent historical record of a governmental
agency's operation to the management and the general public. It is our belief that this is a
comprehensive report of the 1999 financial transactions under our control and that the following
statements present an accurate, informative record of the financial activities of the County of Weld
and its financial condition at December 31, 1999. The preparation of this report could not be
accomplished without the efficient and dedicated services of the entire staff of the
Accounting/Finance Department. I should like to express my appreciation to all members of the
department who assisted and contributed to its preparation. I would also like to thank the members
of the Board of County Commissioners for their interest and support in planning and conducting
financial operations of the County in a responsible and progressive manner.
Res ctfully submitted,
a '
Donald D. Warden, Director
Finance and Administration
DDW/cah
m:mdw\z000cafr
12
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
County of Weld,
Colorado
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1998
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
eCE ON '/ /
ti UMTEA SIM y
W tf m
i �""""� 6.72
President
0MM0MIMF g yo,y� 5a ar ?d7 /� /�CNI[N40 .- YEecutiExeccuuutitiiveP✓Director
�//'4A-
13
WELD COUNTY HOME RULE GOVERNMENT
COUNTY VOTERS ) ( Assessor
Weld County Council [Board of County Commissioners { Treasurer
(County Attorney)
(5 Elected Members) (5 Elected Members)
I I I I I Sheriff
Department of ( Department of 1 (Department of Department of ' Department of Corrections,Law Enforcement
Finance, Central Public Health Planning Public Human Animal Control,Forensic Lab
Purchasing, and and Services Works Services as"`ome EmerCodegency
Enforcement
Office of Emergency Management
Personnel Environment
Commissioner Commissioner Commissioner Commissioner
Commissioner , Coordinator Coordinator ) Coordinator , Coordinator ,
Coordinator I I I I
I Health Director Director of Public Works Social Services Clerk and
Director of Planning Director Director Recorder
Health Department
Finance and Health Board Services Engineering
Hospital Board g d Social Services _
Administration Road and Bridge Recording
Planning and Zoning Pest and Weed Motor Vehicle
Building Inspection Election
Finance Division Ambulance Board of Adjustment
Personnel Services Planning Commission
Information Services Director Uniform Building Code Human Services
Accounting Utility Board
Clerk to the Board Director
Budget Ambulance Services
Risk Management I Human Services < Coroner
Airport Human Services Board
Communications Extension
co ntract Admin istration
Fleet Management Director
Sanitary Landfills
I Purcnasing I I
Buildings and Grounds I Extension Service
Special Projects Fair Board
Veterans'Services
Printing and Supply
c'mgcnart.pm5
COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31, 1999
Board of County Commissioners
Dale Hall
Barb Kirkmeyer
George Baxter
Glenn Vaad
Mike Geile
County Treasurer
Arthur Willis
County Clerk and Recorder
J.A. Tsukamoto
County Assessor
Stan Sessions
County Sheriff
Ed Jordan
County Coroner
Scott Anthony
Director of Finance &Administration
Donald D. Warden
Comptroller
Claud Hanes
Independent Auditors
Kennedy and Coe, LLC
Certified Public Accountants
15
91
oaVzTozo0
oaVxozo0
31111
lalff%14110
NOI103S
IbIONdNIJ
KENNEDY AND COE,LLC
INDEPENDENT AUDITORS' REPORT
To The Board of County Commissioners
County of Weld, State of Colorado
Greeley, Colorado
We have audited the accompanying general purpose financial statements of County of Weld, State of
Colorado, as of and for the year ended December 31, 1999, as listed in the table of contents. These
general purpose financial statements are the responsibility of Weld County's management. Our
responsibility is to express an opinion on these general purpose financial statements based on our
audit.
We conducted our audit in accordance with generally accepted auditing standards and the standards
applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller
General of the United States. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the general purpose financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the general purpose financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the
overall general purpose financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred to above present fairly, in all material
respects, the financial position of County of Weld, State of Colorado, as of December 31, 1999, and the
results of its operations and the cash flows of its proprietary fund types and nonexpendable trust funds
for the year then ended in conformity with generally accepted accounting principles.
In accordance with Government Auditing Standards, we have also issued our report dated May 8,
2000, on our consideration of Weld County's internal control over financial reporting and on our tests of
its compliance with certain provisions of laws, regulations, contracts and grants.
Our audit was conducted for the purpose of forming an opinion on the general purpose financial
statements taken as a whole. The combining and individual fund and account group financial
statements and schedules listed in the table of contents are presented for purposes of additional
analysis and are not a required part of the general purpose financial statements of County of Weld,
State of Colorado. Such information has been subjected to the auditing procedures applied in the audit
of the general purpose financial statements and, in our opinion, is fairly stated, in all material respects,
in relation to the general purpose financial statements taken as a whole.
May 8, 2000 a-e-se 4c , "`-
1901 56th AVENUE, SUITE 200, GREELEY,CO 80634.2950. PHONE(970)33O8860. FAX(970)330-6680. WWW.KC0E.00M
Manes of Nnaicen Wale of CertM1W Pubic Actoultsnls.Offices In Names,NedWMs.Mahn end Colorado
17
t4tcrr
WIiDc
COLORADO
18
GENERAL PURPOSE
FINANCIAL
STATEMENTS
11lik
COLORADO
ffervon
111Ric
COLORADO
COUNTY OF WELD
STATE OF COLORADO
Combined Balance Sheet - All Fund Types, Account Groups and
Discretely Presented Component Unit
December 31. 1999
(With comparative totals for December 31, 1998)
Proprietary
Governrrental Fund Type Fund Tyoe
Special Capital Enterprise Lite-na1
General Revenue Projects Fund Sery
ASSETS
Cash and short-term investments $ 5.774.571 $ 18,286,478 8 2.754.195 8 21.878 8 5 351.162
Receivables
(net of allowance for uncol lectibles).
Current property taxes 25.366.619 7.534.771 2.525.000 0 560 000
Delinquent property taxes 81.306 28,708 10.356 0 L 054
Accounts 459.323 890,337 0 680.336 `..) 164
Special assessment 0 123,150 0 0 0
Due from other County funds 241.388 175.355 0 0 909
Due from other governments 89.860 272.209 0 0 0
Advances to other funds 275.000 0 0 0 C
Inventories 111.064 1.007.278 0 0 1:.222
Restricted Assets
Cash 0 0 0 0 0
Retirement plan investments 0 0 0 0 0
Other assets 240.467 20.982 0 302 21.640
Land 0 0 0 48.496 2 04 1.109
Improvements other than buildings 0 0 0 43.332 27 A 259
Buildings 0 0 0 660.677 1 97(.692
Machinery and equipment U 0 0 999.572 8 351.604
Accumulated depreciation 0 0 0 (773.907) 3 94,.240
Amounts to be provided for retirement
of general long-term debt 0 0 0 0 0
Total Assets 8 32,639.598 8 28,339.268 8 5.289.551 8 1.680.686 $ 14 89).575
LIABILITIES. FUND EQUITY & OTHER CREDITS
Liabilities:
Accounts payable 8 2.189.529 $ 583,053 $ 332.758 $ 26.130 4 192433
Due to other County funds 23.100 486,826 0 10.135 1 '.370
Due to other gove-nments 0 45,630 0 0 0
Accrued liabilities 826,831 761,642 0 199.126 4C x.878
Other liabilities 0 139,841 0 0 0
Deferred revenue 27.104,909 8.643,578 2,535,355 0 55 .054
Unexpended grant revenue (147.739) 43.616 0 0 0
Long term debt 0 0 0 0 8 2 _125
Advances from other funds 0 0 0 275.000 0
Total Liabilities 29.996.630 10.704.185 2.868.113 510.391 9 44 .860
Other Credits:
Investment it general fixed assets 0 0 0 0 0
rund Equity:
Contributed capital 0 0 0 111,799 9 77 '.711
Unreserved retained earnings 0 0 0 1.058.496 5 671 .004
Fund Balances:
Reserved 169.356 3.875.249 1.200.094 0 0
Reserved for employees pension benefits 0 0 0 0 0
Unreserved:
Designated for future year's expenditure 0 7.152.050 0 0 O
Undesignated 2.473.612 6.607,783 1.221.344 0 0
Total Fund Equity and Other Credit; 2,642.968 17.635.082 2.421.438 1.170.295 5 441.715
Total Liabilities. Fund Equity
and Other Credits $ 32,639.598 $ 28,339.268 8 5,289.551 8 1.680.686 S .4 851.575
(See Notes to Financial Statements)
20
Fiduciary
Fund Type Account Groups Primary Government Component Unit
Memorandum Totals Housing Authorit7
Trust and General General Long —_—
Agency Fixed Assets Term Debt 1999 1998 1999 1998
$ 5,163.485 $ 0 $ 0 $ 37.334.769 8 34.892.000 $ 961.806 8 557 :6,
0 0 0 35,976,390 34.162.938 I
0 0 0 122.424 173.255 I
15.156 0 0 2.095.316 1.953.897 10 .2i
0 0 0 123.150 163.210 I
1.178 0 0 589.830 577.775
0 0 0 362,069 1.713.553 166,80 102.(3:
0 0 0 275.000 95,000
0 0 0 1.132.564 1.056.793 •
267,646 0 0 267,646 278.909
78.051.472 0 0 78.051.472 68.494.090 .
214.293 0 0 500.684 266.128 43.31 116.1.8.
0 2.399.928 0 4.491.533 4.653.602
0 3.634,187 0 3.954.778 3.441,184 •
0 36.353,535 0 48.986.904 44.806,995 0
0 10.358.741 0 29.756,917 27.801.166 0 •
0 0 0 (14.719.147) (13.373.466) o
0 U 1.409.386 1.409.386 1,368,957 C
8 83,713,230 8 52.746,391 8 1,409.386 8 230.711.685 $ 212,525,986 8 1.172.023 8 778.10°
$ 525.921 8 0 8 0 8 3.855.824 $ 5,474,175 $ 15.125 8 i
55,399 0 U 589.830 577,774
4.772.563 0 0 4.818.193 5.214.546 223.06 135.58'
0 0 1.399.386 3.596.863 3.369.518 4.11E
0 0 0 139.841 101.239
0 0 0 38.835.896 35.129.081 12.(9'
0 0 0 (104.123) 252.967 165.22 152 5:
0 0 10.000 8.285.125 8.555.236 )
0 0 0 275.000 95.000
5.353.883 0 1.409.386 60.292.449 58.769.536 403.411 304.45-
0 52,746.391 0 52.746.391 47,748.848 0
0 0 0 9.884.510 9.778.422 0
0 0 0 6.729.500 6.383.249 0
0 0 0 5,244.699 6,881,990 43,312 118.:8.
68,518.936 0 0 68.518.936 61.714.771 0
0 0 0 7.152.050 5.600.000 0
9.840.411 0 0 20.143.150 15.649.170 725.300 355 '.5:
78.359.347 52.746.391 0 170.419.236 153.756.450 768.612 473 iS
8 83,713,23C 8 52.746.391 $ 1.409.386 8 230.711.685 8 212.525.986 8 1,172,023 $ 778.:0
21
COUNTY OF WELD
STATE OF COLORADO
Combined Statement of Revenues. Expenditures and Changes in Fund Balances
All Government Fund Types, Expendable Trust Funds and
Discretely Presented Component Unit
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31. 1998)
Governmental Fund Type
Special Capital
General Revenue Projects
REVENUES
Taxes 8 22.785,645 $ 12,215.753 8 2.523,810
Licenses and permits 1,355,813 444.501 0
Intergovernmental 5,050.542 27,686.886 270,000
Fines and forfeitures 39,301 23.787 0
Miscellaneous 3.167,849 293.539 53.999
Fees 3.733,088 595 (1
Charges for services 1,793.811 2.301,551 0
Total Revenues 37,926.049 42,966,612 2.847,809
EXPENDITURES
Current-
General government 14.278.671 0 0
Public safety 18.403,498 0 0
Public works 1.411.723 14.746.156
Public health and welfare 774,241 16,579,707
Culture and recreation 83,179 286.971
Economic assistance 0 8.160.520
Miscellaneous 805,888 121.061
Capital outlay 541,142 429,918 4,845,16
Debt service 440.714 0 0
Intergovernmental 0 566,169
Total Expenditures 36,739.056 40,890,502 4.845.160
Excess of Revenues Over
(Under) Expenditures 1,186.993 2.076,110 (1,997,351)
Other Financing Sources (Uses).
Operating transfers - in 0 2.621.502 2.200,000
Operating transfers • cut (2,909,724) (1,911,778) 0
Total Other Financing Sources (Uses) (2,909.724) 709,724 2,200,000
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (1,722.731) 2,785,834 202.649
Fund Balances at Beginning of Year 3.942.532 14,849,248 2,218.789
Prior period adjustment 423.167 0 0
Beginning fund balance (restated) 4,365.699 14,849.248 2,218,789
Residual Equity Transfer 0 0 0
Fund Balances at End of Year 8 2.642,968 8 17.635.082 8 2.421.438
(See Notes to Financial Statements)
22
Fiduciary
Fund Type Primary Government Component Unit
Memorandum Totals Housing Authority
Expendable
Trust 1999 1998 1999 1998
8 C' 8 37.525.208 $ 33.494,276 1 0 8 0
0 1.800.314 1.765,997 0 0
0 33.007.428 29.766.176 1.767.569 1.808.352
0 63,088 35.264 0 0
336,130 3.851.517 4.555.678 117.046 175,808
C 3.733.683 3.547.667 0 0
C 4.095,362 4,116.160 0 0
336,130 84,076,600 77.281,218 1.884,615 1,984.160
0 14,278,671 13,450.807 0 0
0 18.403,498 17,585,720 0 0
0 16,157.879 15,559.093 0 0
0 17.353.948 14.957,946 0 0
0 370,150 440.164 0 0
0 8.160.520 8.275,533 1.589,854 1,939.780
336.130 1.263,079 1.073,351 0 0
0 5.816.220 8,332.804 0 1.110
0 440.714 479.925 0 0
0 566.169 526.430 0 0
336.130 82.810,848 80.681,773 1.589,854 1,940,890
0 1,265,752 (3,400.555) 294.761 43,270
0 4.821.502 2,792,780 0 0
0 (4,821.502) (3,492.780) 0 0
0 0 (700,000) 0 0
0 1.265,752 (4.100.555) 294,761 43,270
31 21,010.600 25.715,185 473,851 430,581
0 423.167 0 0 0
31 21.433.767 25.715,185 473.851 430.581
0 0 (604.030) 0 0
8 31 $ 22.699,519 8 20,010,600 8 768,612 8 473,851
23
COUNTY OF WELD
STATE OF COLORADO
Combined Statement of Revenues. Expenditures and Changes in Fund Balances
Budget and Actual - General Fund. Special Revenue Funds and Capital Project Funds
For the fiscal year ended December 31, 1999
General
Variance
Favorable
Budget Actual (Unfavorable)
REVENUES
Taxes 8 22.984,890 8 22.785.645 8 (199.245)
Licenses and permits 1.385.000 1.355.813 (29.187)
Intergovernmental 4.232.746 5.050.542 817,796
Fines and forfeitures 31,000 39.301 8.301
Miscellaneous 3.380.453 3.167.849 (212.604)
Fees 3.476.300 3.733.088 256.788
Charges for services 2.282.505 1,793.811 (488.694)
Total Revenues 37,772.894 37,926.049 153,155
EXPENDITURES
Current:
General government 15.082.609 14.278,671 803.938
Public safety 18,367.603 18.403.498 (35.895)
Public works 1.389.302 1.411.723 (22.421)
Public health and welfare 775,236 774.241 995
Culture and recreation 54,261 83.179 (28.918)
Economic assistance 0 0 0
Miscellaneous 883.004 805.888 77.116
Capital outlay 870.310 541.142 329.168
Debt service 465.330 440,714 24.616
Intergovernmental 0 0 0
Total Expenditures 37,887.655 36,739.056 1,148.599
Excess of Revenues
Over (Under) Expenditures (114.761) 1.186,993 1.301.754
Other Financing Sources (Uses):
Operating transfers - in 0 0 0
Operating transfers - out (2.700.032) (2.909,724) (209.692)
Total Other Financing Sources (Uses) (2.700.032) (2.909.724) (209.692)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (2.814.793) (1.722.731) 1,092.062
Fund Balances at Beginning of Year 3.942.532 3.942.532 0
Prior period adjustment 0 423.167 423.167
Beginning fund balance (restated) 3.942.532 4.365.699 423.167
Fund Balances at End of Year $ 1,127.739 $ 2.642.968 $ 1,515.229
(See Notes to Financial Statements)
24
Special Revenue Capital Projects
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
8 11.642,548 $ 12.215,753 $ 573.205 1 2.525.000 $ 2.523.810 $ (1.190)
393.100 444,501 51.401 0 0 0
29.656.925 27.686.886 (1.970.039) 520.000 270,000 (250,000)
23.787 23.787 0 0 0 0
210,541 293.539 82,998 60.000 53.999 (6,001)
0 595 595 0 0 0
2.611.733 2.301.551 (310.182) 0 0 0
44,538.634 42,966.612 (1,572,022) 3.105.000 2,847.809 (257,191)
0 0 0 0 0 0
0 0 0 0 0 0
16.421,357 14,746.156 1,675,201 0 0 0
17.242.674 16.579.707 662.967 0 0 0
370,800 286.971 83,829 0 0 0
8.602.465 8,160.520 441,945 0 0 0
5.554.015 121.061 5.432,954 0 0 0
1,031.537 429.918 601.619 10.897,852 4,845.160 6.052.692
0 0 0 0 0 0
569.660 566.169 3,491 0 0 0
49.792.508 40.890.502 8.902,006 10.897.852 4,845.160 6.052.692
(5.253.874) 2,076.110 7.329.984 (7.792.852) (1.997.351) 5.795.501
12.351 2.621.502 2.609.151 2.200.000 2,200.000 0
(1.739.985) (1.911.778) (171.793) 0 0 0
(1.727,634) 709,724 2,437,358 2.200,000 2.200.000 0
(6.981.508) 2.785.834 9.767.342 (5,592,852) 202.649 5.795.501
14.849.248 14.849,248 0 2.218.789 2,218,789 0
0 0 0 0 0 0
14,849.248 14.849.248 0 2.218.789 2.218.789 0
$ 7,867,740 $ 17.635.082 $ 9,767,342 $ (3.374,063) $ 2.421,438 $ 5,795,501
25
COUNTY OF WELD
STATE OF COLORADO
Combined Statement of Revenues, Expenses and Changes in Retained Earnings/Fund Balances
All Proprietary Fund Types and Similar Trust Funds
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31. 1998)
Fiduciary
Proprietary Fund Type Fund Type Memorandum Totals
Internal Non-
Enterprise Service Expendable
Fund Fund Trust Fund 1999 1998
OPERATING REVENUES
Earnings on investments 8 0 8 0 8 0 8 0 8 2.007
Contributions 0 185.661 0 185.661 180,560
Charges for services 4,199,785 5.511.556 0 9.711.342 8.746,547
Total Operating Revenues 4,199,785 5.697.217 0 9.897.003 8.929,114
OPERATING EXPENSES
Personnel services 2,042.721 115.841 0 2.158.562 1.885.915
Supplies 151.603 594.840 0 746.443 610.886
Purchased services 1,345.386 1.979.304 0 3.324.690 3,010,548
Insurance and bonds 0 254.745 0 254,745 187,823
Depreciation 189.641 1,962.948 0 2.152.592 2.065.265
Other 224.111 73.264 0 297.381 365.867
Claims 0 634.692 0 634.692 752.710
Bad debt expense 406.67: 0 0 406.671 543.488
Total Operating Expenses 4.360,142 5.615.634 0 9,975,776 9.424.502
Operating Income (Loss) (160.356) 81.583 0 (78.773) (495.388i
NONOPERATING REVENUES (EXPENSES)
Taxes 0 548.598 0 548.598 1.000.267
Intergovernmental 36.592 0 0 36.592 14.619
Miscellaneous 23.383 41,194 0 64,577 160.279
Fees 0 0 0 0 0
Gair (loss) on disposition of assets 3.000 247.037 0 250.037 468,304
Judgements and damages 0 16.207 0 16.207 30.755
Net increase(decrease) in fair value 0 (25,657) 0 (25.657) 5.469
Interest 0 (465.330) 0 (465.330) (479.925)
Tctal Nonoperating Revenues (Expenses) 62.975 362.049 0 425.024 1,199,768
Income (Loss) Before Operating Transfers (97.381) 443.632 0 346.251 704.380
Operating Transfers:
Operating transfers - in 0 0 0 0 700.000
Total Operating Transfers In (Out) 0 0 0 0 700,000
Net Income (Loss) (97.38)) 443.632 0 346.251 1.404.380
Retained Earnings/Fund Balance
at Beginning of Year 1.155.877 5,227.372 279 6,383,528 4.979.148
Retained Earnings/Fund Balance
at Enc! of Year 8 1.058,496 8 5,671,004 8 279 8 6.729.779 8 6,383,528
(See Notes to Financial Statements)
26
COUNTY OF WELD
STATE OF COLORADO
Combined Statement of Changes in Plan Net Assets
Pension Trust Fund
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31, 1998)
Weld County Retirement Plan
1999 1998
Additions:
Employer contributions $ 1.683.017 8 1.557.001
Employees contributions 1.906.105 1.815.437
Earnings on investments 6.967,036 6.633.591
Net appreciation in fair market
value of investments 2.115.681 (3.685,080)
Total Additions 12.671.839 6,320.949
Deductions:
Actuarial/trustee fees 234.031 258.701
Benefit payments 2.909.913 2.691.688
Supplies 3.900 3.575
Total Deductions 3.147,844 2.953.964
Increase in net assets 9.523.995 3,366,985
Net assets held in trust for pension benefits
Beginning of the year 68.835.042 65.468.057
End of the year 3 78.359,037 8 68.835.042
(See Notes to Financial Statements)
27
COUNTY OF WELD
STATE OF COLORADO
Combined Statement of Cash Flows
All Proprietary Fund Types and Nonexpendable Trust Fund
For the fiscal year ended December 31, 1999
Proprietary Fund Type Nonexpendable err, randu
Enterprise Internal Trust . . a_
Fund Service Fund 599 _
CASH FLOWS FROM OPERATING ACTIVITIES
Operating income (loss) 5 (160,356) $ 81,583 5 0 79 -_
Aujustrcenrs to reconcile operating income(loss)
.c net cash provided by operating activities
Depreciation 184,644 1,362,948 0
Miscellaneous revenue 43,975 19,060 .. 6,.,_,.
Change in assets and liabilities
(Increase) decrease an receivables (16)',190) (26,6031 0 --9,
(Increase) decrease in inventories 0 53,307 0 5.,
(Increase) decrease in other assets 535 23,607 0
Increase (decrease) in accounts payable 22,044 11,834 0
Increase (decrease) in accrued liabilities 22,783 157,641 0 180,4_.
Increase (decrease) in other liabilities 10,135 4,531 0
total ,'uBujusImente _16,946 2,207,125 0
Net cash provided (used) by operating activities (41,410) 2,208,700 C
CASH FLOWS FROM NONCAPIITAL FINANCING ACTIVITIES
Taxes 0 548,598 0 i4 si
Chan transfers 183,000 0cNht ash provided br euncapital
Financing activities 180,000 540,598 0
CASs FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
2 465,330!
P:cceeds from sale of capital assets 20,000 303,198
A:. _ _:Lion of capital assets (133,051) (2,107,576) .. I .,.-.
Principal paid on long-term debt 0 (275,000) 0 __ er__
Net sash used fox capital and related
Financing activities (119,051) (2,544,708) 0
CASE FOOLS F_eeA _NVEST)NO ACTIVITIES
Interest on investments 0 37,541 0 Adjustment to to fair market value 0 (25,657) 0
Re': cash provided by investing activities 0 11,804 0
Net Increase in Cash and Cash Equivalents 19,539 304,402 0 :24m 2.
Cash and Cash Equivalents at Beginning of Year 2,339 5,029,680 279
a_h and Cash Equivalents at End of Year $ 21,070 $ 5,334,162 $ 279
Reconciliation to Balance Sheet:
Cash and Cash Equivalents at end of year 21,878 5,334,162 279 : +_6 .
Other Trust and Agency Funds 0 0 5,163.206
Per Balance Sheet $ 21,870 $ 5,334,162 $ 5.163,485 _ I. 919.'_
NOBCASd TRANSACTIONS AFFECTING FINANCIAL POSITION
Lisposition of contributed fixed assets $ 0 $ 15.961 $ 0 3 15, : -
Centributaon of Used assets (10,248) :111,801)
Net change in contributed capital 10,240 95,840
Net effect of noncash transactions $ 0 $ 0 5 0
_re Cu:ea tr F-nan%_a: Statements
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Note 1 - Summary of Significant Accounting Policies:
The County of Weld, Colorado ("County") was established in 1861, and on
January 1, 1976, became a home rule county under the provisions of Section
30-35-501, CRS, 1973 . The County operates under an elected commissioner
form of government. The County provides the full range of services
contemplated by statute or charter. These include general government
functions, public protection and safety, health, social services, human
resource services, public improvements, road and bridge operations,
planning and zoning, and general administrative services.
The financial statements of the County have been prepared in conformity
with generally accepted accounting principles (GAAP) as applied to
governmental units. The following summary of significant accounting
policies is presented to assist the reader in evaluating the County' s
financial statements.
A. Reporting Entity:
The financial statements of the County include those of legally
separate entities which are included in the County' s reporting
entity because of the significance of their operational or financial
relationship with the County. Financial information for each of the
individual component units may be obtained at the Count ' s
administrative offices.
The Weld County Housing Authority has been included in Weld County' s
Comprehensive Annual Financial Report as a discretely presented
component unit . The Board of County Commissioners appoints all of
the five member Housing Authority Board. The County has the ability
to remove any of the appointed board members, they can modify
decisions made by the board and can hire or fire persons responsible
for the day to day operations. The Weld County Housing Authority
is governed by state regulations, but was designated as part cf the
County for budgetary and audit purposes by an act of the Colorado
General Assembly in 1989.
Because they provide services to or otherwise benefit Weld County,
the financial statements of the following organizations are blended
into the County financial statements :
Weld County Retirement Plan -- The Retirement Board consists
of five members, two selected by participating employees, two
appointed by the Board of County Commissioners, and the fifth
being the elected County Treasurer. The County funds half of
the retirement plan, which covers substantially all permanent,
full-time employees of Weld County. The Board of County
Commissioners can vote to change the percentage of
contribution to the plan. The operation of the plan is
accounted for in the Weld County Retirement Fund, as a Pen3ion
Trust Fund.
29
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Weld County Finance Corporation -- The Weld County Finance
Corporation ("Corporation") was formed in 1987 as a not-for-
profit corporation under section 501 (c) (4) of the Internal
Revenue Code, and exists solely to acquire real estate and
construct buildings for lease to the County. The Board of
County Commissioners appoints the three-member Board of
Directors of the Corporation, and approves all projects
undertaken by the Corporation. The members of the Board of
Directors are employees of the County.
The following related organizations are excluded from the
accompanying financial statements because the County' s
accountability for these organizations does not extend beyond
various appointments.
North Colorado Medical Center -- The Board of County
Commissioners appoints a seven member Hospital Board of
Trustees. The Hospital Board of Trustees leases land only to
Normedco. Normedco is a holding company of which the No::-th
Colorado Medical Center (NCMC) is a not-for-profit subsdi.ary
operating the hospital. Effective in 1991, the Hospital Board
of Trustees no longer appoints any members to the Normedco
Board of Directors . The NCMC has the ability to incur iu; own
debt and its operations are financed totally by patient
revenues .
Greeley-Weld Airport Authority -- The County Commissioners
appoint two of the five Airport Authority Board members . The
County has contributed approximately 5% of the funds for
capital construction. The Authority has full autonomy under
Colorado State law, can incur debt, and funds its operations
totally from user fees.
Weld Library District -- The County Commissioners, together
with the concurrence of the city councils of seven
participating municipalities, appoint the seven member L:_brary
District Board. The Library District Board has total autonomy
under the State Library Act to incur debt, establish budgets,
and levy property taxes to support the District's 1_brory
system.
Colorado Counties Casualty and Property Pool (hereinaf..:er
referred to as "LAPP") - CAPP was formed July 1, 1986, by an
intergovernmental agreement by member counties as a separate
and independent governmental and legal entity pursuant to
the provisions of Article XIV, section 18 (2) of the Colorado
Constitution and section 29-1-201 et seq. , 24-10-115 .5, and
29-13- 102, CRS, as amended. Each member county it this
intergovernmental agreement has the power under Colorado law
to make provision for the property and casualty coverage wh:-ch
constitute the functions and services jointly provided by
means of the CAPP. The Insurance Commissioner of the State of
30
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Colorado has such authority with respect to the CAPP as is
provided by applicable Colorado statues.
The purposes of the CAPP are to provide a risk management fund
for defined property and casualty coverage and to assist
members in controlling costs by providing specialized
governmental risk management services and systems.
It is the intent of the members to use member contributions to
defend and indemnify, in accordance with these bylaws, any
member against stated liability or loss to the limit cf the
financial resources of the risk management fund. It also
the intent of the members to have CAPP provide needed coverage
at reasonable costs . All income and assets of CAPP shEll be
at all times dedicated to the exclusive benefit of its
members. Weld County, through its Insurance Internal Service
Fund, recognizes an expense for the amount paid to CAPP
annually for these coverages.
Weld County is a charter member of CAPP, and has been a
continuous member since July 1, 1986.
B. Basis of Presentation:
Each fund is an independent fiscal and accounting entity with a
self-balancing set of accounts recording cash and other financial
resources together with all related liabilities, residual equities
and balances which are segregated for the purpose of carrying on
specific activities or attaining certain objectives in accordance
with special regulations, restrictions, or limitations. The various
funds are grouped into six generic fund types under three broad fund
categories, as follows:
Governmental Fund Types:
All governmental funds and expendable trust funds are
accounted for using a current financial resources measurement
focus. Under this measurement focus, only current assets and
current liabilities are generally included in the balance
sheets.
The reported fund balance (net current assets) is considered
a measure of "available spendable resources" . Governmental
fund operating statements present increases (revenue and other
financing sources) and decreases (expenditures and other
financing uses) in net current assets. Accordingly, these
funds are said to present a summary of sources and uses of
"available spendable resources" during a period.
General Fund:
The General Fund accounts for all financial transactions
of the County that are not properly accounted for in
other funds . Ordinary operations of the County such as
31
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
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.
Capital Projects Fund:
Capital Projects Fund is established to account for
financial resources used for the acquisition or
improvement of the capital facilities of the County.
Proprietary Fund Types :
All proprietary funds are accounted for on a flow of economic
resources measurement focus. This means that all assets and
all liabilities (whether current or non-current) associated
with the fund's activity are included on the balance sheet .
Fund equity (net total assets) is segregated into contributed
capital and retained earnings components. Proprietary fund
type operating statements present increases (revenue) and
decrease (expenses) in net total assets. The County applLes
applicable FASB pronouncements issued on or before Novemler
30, 1989, in accounting and reporting for its propr:etary
operations.
Enterprise Fund:
Enterprise Fund is used to account for operations where
the intent of the County is that the costs or services
to the general public on a continuing basis be financed
or recovered primarily through user charges.
Internal Service Funds:
Internal Service Funds are established to accourt for
goods and services provided to other departments of the
County on a cost-reimbursement basis.
Fiduciary Fund Types (Trust and Agency Funds) :
Trust. and Agency Funds are established to record transactions
relating to assets held by the County in the capacity of
trustee, custodian, or agent for individuals, governmental
entities and non-public organizations . These include
expendable trust, non-expendable trust, pension trust, and
agency funds. Expendable trust funds are accounted for in
essentially the same manner as governmental tunas .
Nonexpendable trust funds and pension trust funds are
accounted for in essentially the same manner as proprietary
funds. Agency funds are purely custodial (assets equal
liabilities) and thus do not involve measurement of results
of operations.
32
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
In addition to the funds, self-balancing account groups are
established to account for the general fixed assets and general
long-term debt of the County, as follows:
General Fixed Assets Account Group:
Fixed assets used in governmental fund type operations
are accounted for in the General Fixed Assets Account
Group.
General Long-Term Debt Account Group:
The General Long-Term Debt Account Group is used to
account for all long term indebtedness not accounted for
in the proprietary fund types .
Discretely Presented Component Unit:
The component unit column in the combined financial statements
includes the financial data of the County' s component unit . It
is reported in a separate column to emphasize that it is
legally separate from the County. The component unit is
accounted for using a current financial resources measurement
focus.
C. Basis of Accounting:
The governmental funds, expendable trust funds, and agency funds
utilize the modified accrual basis of accounting. Under this method
revenues are recognized when measurable and available. "Measurable"
means the amount of the transaction can be determined and
"available" means collectible within the current period or soon
enough thereafter to pay liabilities of the current period.
Primary revenues susceptible to accrual are taxes, grant revenues
and investment earnings. Property tax is reported as deferred
revenue (less estimated uncollectible amounts) in the year the levy
is certified and as a revenue when available to finance the County' s
current operations. Other taxes are also reported as revenue when
available. Grant revenue is recognized as qualifying expenditures
are incurred, and investment earnings are accrued over the life of
the investment . Expenditures are generally recognized when the
related fund liability is incurred except for long-term liabilities,
such as accrued vacation and sick leave, which are recorded when
payable from current available financial resources.
Proprietary funds, nonexpendable trust funds and pension trust funds
follow the accrual basis of accounting whereby revenue is recognized
when earned and expenses are recorded when liabilities are incurred.
Investments in the Pension Retirement Fund are valued at their fair
values in the Combining Balance Sheet. Unrealized gains and ]csres
are included in the change in plan net assets.
33
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Encumbrances:
Weld County utilizes the encumbrance method of recording
commitments related to unperformed contracts for goods and
services or portions thereof not yet received. Under this
method, encumbrances for purchase orders, contracts, and other
commitments outstanding at year end are recorded as a
reservation of fund balance and do not constitute expenditures
or liabilities. Because the commitments will be honored
during the subsequent year a reappropriation is made in the
subsequent year to provide authority to complete the
transaction.
Budget:
An annual budget and appropriation ordinance is adopted by the
Board of County Commissioners in accordance with the Colorado
State Budget Act and Weld County Home Rule Charter. The
budget is prepared on a basis consistent with generally
accepted accounting principles. Budgets are established for
all Governmental Funds, Internal Service Funds and the
Enterprise Fund. The accounting system is employed as a
budgetary management control device during the year to monitor
the individual departments. The fund level is the level of
classification at which expenditures may not legally exceed
appropriations, except for the General Fund where the
department level of expenditures cannot legally exceed
appropriations. During the year, several supplemental
appropriations were necessary. All annual appropriati':ms
lapse at year end.
The Director of Finance and Administration is authorised to
transfer budgeted amounts within departments of each fund.
Any revisions that alter the total appropriation for a fund or
for any General Fund department must be approved by the County
Commissioners through a supplemental appropriation ordinance.
During 1999, three supplemental appropriation ordinances were
enacted, which brought the total budget from the or=_ginal
appropriation of $92,421, 954 to $108,690, 102 . Budget amounts
reported in the accompanying financial statements reflect
these supplemental appropriations .
Property Taxes:
Property taxes attach as an enforceable lien on property as of
January 1. Taxes were levied on December 21, 1998 and are
collected in 1999 in either two installments or one full
payment as follows: The first billing is mailed January 15
and is due by February 28, (half installment) or a full
payment by April 30. The second billing is mailed May 13, and
is due by June 15, (second installment) . The bill becomes
delinquent on March 1, May 1, and June 16 and penalties ,Ind
interest may be assessed by the County. The County, through
the Weld County Treasurer, bills and collects its own property
taxes as well as property taxes for all school districts,
cities and towns, and special districts located within :.he
34
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
County. In accordance with Section 14-7 of the Weld County
Home Rule Charter, all ad valorem tax levies for County
purposes, when applied to the total valuation for assessment
of the County, shall be reduced so as to prohibit the levying
of a greater amount of tax revenue than was levied from ad
valorem taxation in the preceding year plus five per cent
(5%) , except to provide for the payment of bonds and interest .
The Board of County Commissioners may submit the question of
an increased levy to the County Council and, if in the
opinion of a majority of the County Council the County is
in need of additional funds, the Council may giant an
increased levy for the County in such amount as it deems
appropriate, and the County is authorized to make such
increased levy.
Any one capital project requiring a capital expenditure out of
funds procured by ad valorem taxation equal to a three mill
levy for three years, shall be prohibited unless approved by
a majority vote of the qualified electors at a general or
special election per Section 14-8 of the Weld County Home Pule
Charter.
The original January 1, 1999 levies for the applicable funds
of the County are as follows:
Mills Amount
General Fund 14.737 $ 22, 845, 390
Road and Bridge 1 .534 2, 378, 700
Social Services Fund 2 .041 3, 163, 3348
Contingent Fund 1 .742 2, 700, 000
Capital Expenditures Fund 1.629 2, 525, 000
Insurance Fund .355 550 000
TOTAL 22 .038 $ 34, 16:L938
Investments:
Investments are reported at fair value which is determined
using selected bases. Short-term investments are reported at
cost, which approximates fair value. Securities traded on a
national or international exchange are valued at the last
reported sales price at current exchange rates . Non-
participating contracts such as certificates of deposits are
reported at cost. Cash deposits and money market investments
that mature within one year or less are reported at carrying
amount which reasonably estimates fair value. Investment
pools are reported at fair value which is determined ty the
fair value per share of the pool's underlying asset portfclio.
35
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Cash and Cash Equivalents:
For purposes of the statement of cash flows, the County
considers all highly liquid investments with a maturity of
three months or less to be cash equivalents.
Inventories:
Inventories of governmental funds, which consist of expendable
materials held for consumption, are stated at cost utilizing
the weighted average cost method. These funds follcw the
consumption method of accounting whereby expenditures are
recorded at the time the inventory items are used.
Inventories of proprietary funds are recorded at average cost .
Interfund Receivables/Payables:
Interfund transactions resulting from reimbursements,
operating transfers, and charges for services rendered are
recorded as due to or due from other County funds.
Interfund Transactions:
Quasi-external transactions are accounted for as revenues,
expenditures or expenses. Transactions that constitute
reimbursements to a fund for expenditures/expenses initially
made from it that are properly applicable to another fund, are
recorded as expenditures/expenses in the reimbursing funa and
as reductions of expenditures/expenses in the fund that is
reimbursed.
All other interfund transactions, except quasi-external
transactions and reimbursements, are reported as transfers.
Nonrecurring or non-routine permanent transfers of equity are
reported as residual equity transfers. All other interfund
transfers are reported as operating transfers.
Fixed Assets:
Acquisitions of general fixed assets are recorded as capital
outlay expenditures within the governmental funds. Public
domain ("infrastructure") general fixed assets consisting of
roads, bridges and rights-of-way are not capitalized. No
depreciation is provided on general fixed assets.
All fixed assets are valued at historical cost or estimated
historical cost if actual historical cost is not available.
Donated fixed assets are valued at their estimated fair market
value on the date donated.
Depreciation of all exhaustible fixed assets used by Internal
Service Funds, Enterprise Funds and the Nonexpendable Trust
Funds is charged as an expense against the operations.
Accumulated depreciation is reported on the related balance
sheets . Depreciation is provided using the straight -line
method over the estimated useful lives, as follows:
36
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Buildings 20-30 years
Improvements Other than Buildings 20 years
Machinery and Equipment 3-10 years
Risk Management and Insurance:
The County manages risks of loss through a combination of
commercial insurance, participation in a public entity risk
pool, and self-insurance. These activities are accounted for
in the Insurance Fund, an internal service fund.
The County provides dental and vision insurance benefits to
employees, which are funded by employee contributions. These
activities are accounted for in the Health Insurance Fur.d, an
internal service fund.
Estimated liabilities for claims incurred but not reported are
included in accrued liabilities.
Sick Leave and Vacation Pay:
Accrued sick leave for the governmental funds is accounted for
in the General Long-Term Debt Account Group. Sick leave is
earned when vested, and it is recorded as an expenditure in
the applicable fund when paid. In the event of retirement or
termination, an employee whose date of hire is prior to
January 1, 1985 is paid for 50% of accumulated sick leave
hours up to the equivalent of one month. If the employees
date of hire is after January 1, 1985, no sick leave is paid
upon retirement or termination.
Accrued vacation for the governmental funds is accounted for
in the General Long-Term Debt Account Group. Unused vacation
time is forfeited after 24 months from date earned.. iron
termination or retirement, employees are paid for their
accrued vacation. Vacation is recorded as an expenditure in
the applicable governmental type fund when paid.
Vacation and sick leave is accrued in the proprietary fund
types when earned.
Long-term Obligations:
Long-term debt is recognized as a liability of a governmental
fund when due. For other long-term obligations, only that
portion expected to be financed from expendable available
financial resources is reported as a fund liability of a
governmental fund. The remaining portion of such obligations
is reported in the General Long-Term Debt Account Group.
Long-term liabilities expected to be financed from proprietary
fund operations are accounted for in those funds.
37
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Fund Equity:
Contributed capital is recorded in proprietary funds that have
received capital grants or contributions from develhpers,
customers or other funds. Reserves represent those portions
of fund equity not appropriable for expenditure or legally
segregated for a specific future use. Designated fund
balances represent tentative plans for future use of financial
resources.
Reserves for the County of Weld are recorded up to the maximum
equity available in fund balance and consist of:
Reserved for Encumbrances:
These reserves are established to record purchase orders
and commitments outstanding for which the related
goods/services have not been received at year end. The
reserves recorded at December 31, 1999 include $35, 949,
$320, 666, and $1, 200, 094 for the General Fund, Special
Revenue Funds, and Capital Projects Fund, respectively,
for a total of $1, 556, 709.
Reserved for Other Assets:
These reserves are established to record all prepaid
items. Recorded reserves at December 31, 1959 are
$22, 343 and $8,482 for the General Fund and Special
Revenue Funds, respectively, for a total of $30, 325 .
Reserved for Inventories:
These reserves are established to record the total level
of supply inventories. Recorded reserves at December
31, 1999 are $111, 064 and $792, 084 for General Fu:ad and
Special Revenue Funds, respectively, for a total of
$903, 148 .
Reserved for Employees Pension Benefits:
These reserves are established to record the pension
benefit obligation of the Weld County Retirement Plan.
The amount of this reserve is $68,518, 936 at December
31, 1999.
Reserved for Claims:
Reserves have been recorded in the Contingent Fund for
investments in which the Securities and Exchange
Commission froze all assets in 1991 pending outcome of
criminal investigations of the securities dealers and
which the County is in litigation to recover. Reserves
recorded represent total potential loss to the County.
The amounts are $2, 754, 017 in the Contingent Fund, a
Special Revenue Fund.
Designated Fund Balance:
Fund balance designated for subsequent year' s
expenditures represents fund balance commitments for
38
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
appropriated expenditures in excess of ant_ic..pated
revenue for the year ended December 31, 2000.
Non-Federal In-Kind Contributions:
Volunteers assist the various programs of the Human Services
Fund (a Special Revenue Fund) in providing transportation and
various other program functions. Donated labor is recorded at
rates based upon the market rate of service provided.
Volunteer mileage is recorded at 254 per mile. Donated food,
clothing, and other goods are recognized as contributed
revenue at fair market value. An offsetting in-kind
expenditure is also recorded for the value of the donated
goods and services.
Memorandum Only - Total Columns:
Total columns on the General Purpose Financial Statements are
captioned Memorandum Total to indicate that they are presented
only to facilitate financial analysis. Data in these columns
do not present financial position, results of operations, or
cash flows in conformity with generally accepted accounting
principles . Neither is such data comparable to a
consolidation. Interfund eliminations have not been mace in
the aggregation of this data.
Comparative Data:
Comparative total data for the prior year has been presented
in the accompanying financial statements in order to provide
an understanding of changes in the County's financial position
and operations. However, comparative data has not been
presented in all statements because their inclusion would make
certain statements unduly complex and difficult to understand.
Use of Estimates :
The preparation of financial statements in conformity with
generally accepted accounting principles requires management
to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent
assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those
estimates .
Correction of an Error:
During 1999, an error was noted at the Weld County Treasurer' s
office regarding $423, 167 of unreported clerk fees collected
from 1995 through 1998. The additional clerk fees should have
been recorded as revenues in the general fund in the year
collected. This error has been corrected by adjusting the
general fund beginning fund balance and cash and short -term
investments for the year ended December 31, 1999.
39
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Note 2 - Equity in Pooled Cash and Investments:
The County maintains a cash and investment pool that is available for use
by all funds. The cash and investment pool is under the custody cf the
County Treasurer. Several of the County's funds also hold investments on
their own account some of which are restricted assets. Each fund's share
of the cash and investment pool as well as non-pooled cash and investments
is displayed on the balance sheets as "Cash and Short-term Investments. "
Substantially all cash and investments of the Pension Trust Fund are
held separately from those of the other County funds.
If a fund overdraws its share of a pooled cash account, the overdraft is
reported as an interfund receivable/advance to other fund in the General
Fund with an offsetting interfund payable/advance from other fund in the
overdrawn fund. Cash deficits that were outstanding at December 31, 1999
are as follows :
Enterprise Fund:
Ambulance $ 253, 247
Deposits :
Colorado State Statutes, specifically the Public Deposit Protection
Act of 1989, require all public monies to be deposited in financial
institutions which have been designed as eligible public
depositories. Eligible public depositories must pledge eligible
collateral, as promulgated by the State banking board, having a
market value in excess of one hundred two percent of the aggregate
uninsured public deposits. Eligible collateral must be held in the
custody of any federal reserve bank or any branch thereof, or of any
depository trust company which is a member of the federal reserve
system and which is supervised by the State banking board. The
Statutes further restrict such deposits to eligible public
depositories having their principal offices within the State of
Colorado.
The bank balances of the County' s pooled and non-pooled deposits are
categorized by level of risk as follows: Category A (the least level
of risk) includes deposits with financial institutions that are
insured by the Federal Deposit Insurance Corporation (FDIC) , with
securities held by the County or its agent in the County' s name;
Category B includes uninsured deposits collateralized with
securities held by the pledging financial institution' s trust
department or agent in the County's name, including those
collateralized in accordance with the Public Deposit Act cf 1989;
and Category C (the highest level of risk) includes uninsured or
uncollateralized funds held by the pledging financial institution,
or by its trust department or agent but not in the County' s name,
that could be lost if the financial institution fails. Categcrired
deposits at December 31, 1999 are as follows :
40
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
CATEGORY Bank Carrying
A B Balance Amount
Primary Government:
Pooled Deposits
Demand deposits $ 100,000 $ 5,369,883 $ 5,469,083 $ 4,144,('88
Certificates of Deposit 700,000 3,602,574 4,302,574 4302 S`�4
Total pooled deposits 800,000 8,972,457 9,772,457 }46 C62
Non-pooled Deposits
Demand deposits $ 0 $ 17,450 $ 17,450 1441 4_4.L.
Total deposits $ 800,000 $ 8,989,907 $ 9,789,907 $ 8)88j2
Component Unit:
Pooled Deposits
Certificates of Deposit $ 0 $ 33,102 $ 33,102 5 33L:02
All deposits made by the County Treasurer in 1999 were done so in
eligible public depositories, as defined by the Public Deposit
Protection Act of 1989 .
Investments:
Colorado State Statutes authorize the County to invest in U.S .
Treasury bills, notes, and bonds, U.S. government agency securities,
general obligations and revenue bonds of any state, commercial
paper, money market funds, repurchase agreements, and local
government investment pools. At December 31, 1999 the County held
investments in the following local government investment pools : the
Colorado Surplus Asset Fund Trust (CSAFE) , the Colorado Diversified
Trust (CDT) , the Colorado Local Government Liquid Asset Trust
(COLOTRUST) and the Government Asset Pool (GAP) . All investments
made by the County Treasurer in 1999 were done in accordance with
Colorado State Statutes . The Weld County Retirement Plan
contractually delegates investment management to investment
managers .
The County' s investments are categorized by level of risk. as
follows: Category A (the least level of risk) includes investments
that are insured or registered or for which the securities are held
by the County or its agent in the County's name; Category B includes
uninsured or unregistered investments for which the securities are
held by the counter party' s trust department in the County' s name;
and Category C (the highest level of risk) includes uninsured or
unregistered investments for which the securities are held by the
counter party or by its trust department or agent but not in the
County' s name and that portion of the carrying amount of any
repurchase agreement that exceeds the market value of the underlying
securities. The County' s investments in local government investment
pools and money market funds cannot be categorized by level of risk
because they are not evidenced by specific securities due to the
nature of an investment pool. The retirement plan investments a]so
41
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
cannot be categorized since the specific securities belonging to
Weld County cannot be identified.
Fair Value
Category \Carrying
H Amount Cost
Primary Government:
Pooled Investments:
U. S. Government Agency Notes $ 23,870,084 $ 23,870,084 $ 24,661, L34
Local Government Investment Pools 729,637 729, 3/
Money Market Funds 1,125,211 1 1125211
Total pooled investments 25,724,932 26 5515 )86
Non-pooled Investments:
Money Market Funds - Finance Corp 235,324 235, t2;
Retirement Plan 78,051,472 70,839 1=9
Total $104,011,728 $ 97,59:,139
Component Unit:
Pooled Investments:
Local Government Investment Pools $ 351,765 $ 351. '61
Money Market Funds 576,939 576, 333
Total $ 928,704 $ 929704
At December 31, 1999, the County has invested $2, 754, 017 in a government
securities fund, initially as a short-term investment. As discussed in Note ..l,
this fund was frozen in 1991 by the Securities and Exchange Commission pending
outcome of criminal investigations of the securities dealers and the County
initiated litigation to recover damages. The market value of this investment is
not available. There is a reasonable possibility that an investment loss r•,ay
ultimately be realized. An estimate of the loss or range of loss cannot he made
due to the status of the litigation.
Note 3 - Allowance for Uncollectible Accounts Receivable:
The allowance for uncollectible receivables consists of the following at
December 31, 1999:
Allowance for
Fund Type Uncollectible
General $ 22,218
Special Revenue 8, 107
Capital Projects 2,660
Enterprise 450, 000
Internal Service 579
Total $ 483, 564
42
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Note 4 - Individual Fund Receivable and Payable Balances and Advances :
Interfund receivable and payable at December 31, 1999 are as follows :
Interfund Interfund
Receivables Payables
General Fund $ 241,388 $ 23, 100
Special Revenue Funds:
Public Works Fund 126, 395 105, 548
Social Services Fund 0 227, 921
Public Health Fund 48, 910 91, 683
Human Service Fund 50 22, 896
Solid Waste Fund 0 38, 778
Enterprise Fund 0 10, 135
Internal Service Funds:
Motor Vehicle Fund 137, 883 12, 765
Insurance Fund 5,472 100
Phone Services Fund 28, 554 1, 505
TRUST FUNDS:
Employee Flexible Spending 0 55, 399
Payroll Agency 1, 178 0
Total $ 589, 830 $ 589, 830
Advances from and to other funds at December 31, 1999 are as follows :
Advances Advances
From To
General Fund $ 0 $275, 000
Ambulance Fund 275, 000 0
Total $275, 000 $275, 000
43
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Transfer in and out other funds at December 31, 1999 are as follows
Transfer Transfer
In Out
General Fund $ 0 $ 2, 909,724
Special Revenue Funds:
Public Works 381,485
Contingent Fund 0 1, 200, 000
Solid Waste Fund 0 711, 778
Public Health Fund 2, 227, 666 0
Human Services Fund 12, 351 0
Capital Projects Fund 2,200, 000 0
Total $ 4, 821, 502 $ 4, 821,502
Note 5 - General Fixed Assets :
A summary of changes in general fixed assets follows :
Balance Balance
1/1/99 Reclass Additions Deletions 12/3L/99
Land $ 2,561,997 $ 0 $ 0 $ 162,069 $2,399,928
Buildings 27,485,283 4,671,290 4,109,778 0 36,266,291
Leasehold Improvements 29,596 0 0 0 :9,546
Improvements Other Than
Buildings 3,157,962 0 491,293 15,068 3,6.4,1'97
Machinery and Equipment 9,842,820 0 1,087,120 571,199 10,3.8,74'.
Construction. in Progress 4,671,290 (4,671,290) 57,688 0 _7688
Total $47,748,848 $ 0 $5,745,879 $ 748,336 $52`46,391
At year-end 1999 construction in progress consists of $50, 088 for a County
Training Center and $7, 600 for the Fairground' s Exhibition Euildinc .
Note 6 - Operating Leases:
The reporting entity has entered into a number of operating leases which
contain cancellation provisions and are subject to annual appropriations .
For the reporting period, rent expenditures approximated $333, 875 for all
types of leases. These expenditures were made primarily from the General,
Public Works and Health Funds.
44
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Note 7 - Long-Term Debt:
Long-term debt consists of the following at December 31, 1999:
Internal Service Fund:
Certificates of participation $ 8, 305, 000
Less unaccreted discount 29, 874
Certificates of participation - net 8, 275, 126
General Long-Term Debt Account Group:
Special assessment bonds payable 10, 000
Sick-leave and vacation accruals 1, 399, 386
Total 1,409, 386
MEMORANDUM TOTAL $ 9, 684, 512
Certificates of participation represent debt of the Weld County Finance
Corporation, an Internal Service Fund and are not general obligations of
the County. The certificates were issued to finance the construction of
buildings leased to the County under annually renewable operating leases .
The debt of the Weld County Finance Corporation is payable from lease
payments received from the County. The certificates bear interest at
rates ranging from 3 .8% to 7 .3% per annum and mature in increasing
annual amounts through 2016 . Series 1992 certificates maturing in 2001 or
after and series 1997 certificates maturing in 2008 or after are callable
for redemption prior to maturity in whole or in part at the option of the
County in 2000 and 2007, respectively.
Future debt service requirements for the certificates of participation are
as follows:
Year Principal Interest Total_
2000 $ 290, 000 $ 449, 160 $ 739, 160
2001 310, 000 431, 673 741, 67_,
2002 555, 000 412, 692 967, 692
2003 360, 000 377, 233 737, 23:
2004 380, 000 360, 133 740, 13_
2005-2016 6,410, 000 2,470, 882 8, 880, 882
Total $ 8, 305, 000 $ 4, 501, 773 $ 12, 806, 77'.
Special assessment bonds are payable solely from assessments collected
from the property owners benefitted by the respective improvements. All
assessments have been collected from property owners, remaining coupon has
not been presented for redemption.
45
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Long-term debt transactions during 1999 are summarized as follows:
Certificates Vacation
of and Sick Bond
Participation Leave Payable Total
Balance,
January 1, 1999 $ 8,545, 236 $ 1, 358, 957 $ 10, 000 $ 9, 914, 193
Retired in 1999 (275, 000) 0 0 (275, 000)
Discount accretion 4, 890 0 0 4, 890
Additions in 1999 0 40, 429 0 4O 429
Balance,
December 31, 1999 $ 8,275, 126 $ 1, 399, 386 $ 10, 000 $ 9, 684, 512
Weld County has no general bonded indebtedness. In accordance wLth
Section 30-35-201,CRS, 1973, the County' s general bonded indebtedness is
limited to 3% of the assessed valuation, or $49, 078, 586 at December s1,
1999.
The County has issued industrial revenue bonds for the purpose of
financing capital projects of several private enterprises. Under terns of
a financing agreement, the bonds are sold to a bank, the private
enterprise assumes full responsibility for repayment of the debt, and ':he
County is released from any liability for repayment. Industrial revenue
bonds outstanding as of December 31, 1999 totalled $10, 884, 322 .
Note 8 - Other Required Individual Fund Disclosures:
Excesses of expenditures over appropriations in individual funds ale as
follows :
Revised Over-
Appropriation Expenditures Expenditures
Social Services $ 12,681,098 $ 12,909,208 $ 228, 1;0
Ambulance Fund 4,019,679 4,360,142 340, 113
Motor Vehicle 3,384,665 3,655,704 271, 77.9
Finance Corporation 275,000 294,930 19, 3_0
Excesses of expenditures over appropriations in General Fund departments
can be seen by unfavorable variances in the expenditures section of the
Statement of Revenues, Expenditures and Changes in Fund Balance -- Budget
and Actual.
Retained earnings in the Weld Finance Corporation at December 31, 1999 was
a deficit of $208,293 . This deficit will be recovered through future
operations.
46
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Note 9 - Weld County Retirement Plan:
Plan Description:
The Weld County Retirement Plan ("Plan") is a single-employer
defined benefit pension plan administered by a five-member
retirement board. The Plan provides retirement, disability and
death benefits to plan members and beneficiaries. All fulL-time
employees, except officers and employees of the Health Department,
are required to participate in the Plan. Cost-of-living adjustments
are provided to members and beneficiaries at the discretion of the
Retirement Board. The Retirement Board and the Board of
Commissioners maintain the authority to establish and amend benefit
provisions of the Plan. The Retirement Board issues a publicly
available financial report that includes financial statements and
required supplementary information. That report may be obtained by
contacting the County of Weld, State of Colorado.
Funding Policy:
The contribution requirements of plan members and the County are
established and maintained by the Board of Commissioners. Plan
members are required to contribute 6% of their annual covered
payroll. The County is required to contribute at an actuarially
determined rate; the current rate is 6% of annual covered payroll .
Annual Pension Cost and Net Pension Obligation:
The County' s annual pension cost and net pension obligation is the
Plan for the current year were:
Annual required contribution $ 1.,53( ,337
Interest on net pension obligation (21,406)
Adjustment to annual required contribution _L? ]5
Annual pension cost 1,52_,-66
Contributions made (1,693,017)
Increase (decrease) in net pension obligation (150,251)
Net pension obligation beginning of year (235 412)
Net pension obligation end of year L__(41 ,6G3)
The annual required contribution for the current year was determined
as part of the January 1, 1999 actuarial valuation using the entry
age actuarial cost method. The actuarial assumptions included (a)
7.5% investment rate of return (net of administrative expense::) and
(b) projected salary increases ranging from 5 .3% to 8 .5% per year.
Both (a) and (b) included an inflation component 5.0%. The
assumptions did include postretirement benefit increases of 1 .E% .
The actuarial value of assets was determined using techniques tYat
smooth the effects of short-term volatility in the market value of
investments over a five-year period. The unfunded actuarial
liability is being amortized as a level percentage of projected
payroll on a closed basis. The remaining amortization period at
January 1, 1999, was 30 years .
47
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
Three-Year Trend Information:
Annual Pension Percentage of Net Pension
Fiscal Year Ending Cost (APC) APC Contributed Obligation
December 31, 1997 $ 1,346,826 104.1% $ (54,603)
December 31, 1998 1,326,191 117.4% (285,412)
December 31, 1999 1,522,766 110.5% (445,661)
Note 10 - Risk Management :
The County uses a combination of self insurance, participation in an
insurance pool (discussed in Note 1) , and insurance coverage. The
activity for County risk functions is accounted for in the Insurance
Internal Service Fund and Health Insurance Internal Service Fund.
Workers' Compensation coverage is partially self-insured with insurance
coverage of a $300, 000 self-insured retention. Estimated liabilities for
claims made and claims incurred but not reported (IBNR) at year-end are
shown as accounts payable in the fund. These estimates are based ipon a
third-party administrator' s review of claims and actuarial projections
from historical claims data. Changes in the balances of _Laims
liabilities during the current and prior years are as follows:
December 31, 1998 December 31, 1999
Unpaid Claims - Beginning $ 166,883 $ 194,873
Incurred Claims (Includes IENE'S) 420,957 385,251
Claims Paid (392,967) (338,632)
Unpaid Claims - Ending $ 194,873 $ 241,492
The Insurance Internal Service Fund provides protection against Losses
involving County property, equipment, and liability. Reserves within the
fund support higher deductible or self-insured retention level against
loss. Payments to CAPP for coverage under the insurance pool are shown as
expenses in the Insurance Internal Service Fund. Estimated liabilities
under the $125, 000 self-insured retention for claims made and claims
incurred but not reported (IBNR) at year-end are shown as accrued
liabilities in the fund. These estimates are based upon CAPP' s claim
administrator' s review of claims and actuarial projection from historical
claims data. Changes in the balances of claims liabilities under the
$125, 000 self-insured retention during current and prior years are as
follows:
48
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1999
December 31, 1998 December 31, 1999
Unpaid Claims - Beginning $ 57,692 $ 42,310
Incurred Claims (Includes IBNR'S) 74,843 180,326
Claims Paid (90,225) (63,725)
Unpaid Claims - Ending $ 42,310 $ 158,91].
The Health Insurance Internal Service Fund covers the county's dental and
vision reimbursement plan. The plan is not an insurance program, but
rather an employee reimbursement plan that closes out each year on
December 31, for services received on or before the date. No outstanding
claims or incurred but not reported liabilities exist for year-end. The
health insurance plan is fully insured.
Note 11 - Contingencies:
The County is currently the defendant in several lawsuits . Based upon the
opinion of legal counsel, these claims would be covered by insurance
and/or there does not appear to be a threat of significant liability to
the County.
At December 31, 1999, the County had $2, 754, 017 plus interest invested in
a government securities fund. This fund was frozen in 1991 by the
Securities and Exchange Commission pending outcome of criminal
investigations of the securities dealers and the County initiated
litigation to recover damages. As of December 31, 1999, this litigation
continues against substantial business entity defendants. There -s a
reasonable possibility that an investment loss may ultimately be realized.
An estimate of the loss or range of loss cannot be made due to the. status
of the litigation.
Colorado voters passed an amendment to the State Constitution, Article X,
Section 20, which has several limitations, including revenue raising,
spending abilities, and other specific requirements of state and local
governments . The Amendment is complex and subject to judicial
interpretation. The entity believes it is in compliance with the
requirements of the amendment. However, the entity has made certain
interpretations of the amendment's language in order to determine its
compliance.
The County is exposed to various risks of loss related to torts; theft of,
damage to, or destruction of assets; and errors or omissions. (See Note 9)
These activities are accounted for in the Insurance Fund, an internal
service fund. A liability for a claim is established if information
indicates that it is probable that a liability has been incurred at the
date of the financial statements and the amount of the loss is reasonably
estimable.
49
Insurance coverages have not been significantly reduced from prior years
and settlements have not exceeded insurance coverage in the past three
years.
The County participates in a number of federal and state grant programs.
Principal funding agencies include Department of Labor, Community Services
Administration, Department of Health and Human Services, Department of
Housing and Urban Development, Economic Development Agency, and Area
Agency on Aging. These programs are subject to program compliance audits
by the grantors or their representatives. The amount, if any, of
expenditures which may be disallowed by the granting agencies cannot be
determined at this time, although the County expects such amounts, if any,
to be immaterial..
Note 12 - Public Trustee:
Pursuant to an act of the Colorado General Assembly, the Weld County
Public Trustee is to be deemed an agency of the County for the purpose of
financial reporting. Related activity has been reported in the General
Agency Fund, with the following activity identified strictly for the
office of the Public Trustee as of and for the year ended December 31,
1999:
Assets $ 314, 734
Liabilities 92, 011
Fund Balance 222,723
Revenues 396, 627
Expenditures 315, 887
Note 13 - Changes in Contributed Capital:
A reconciliation of changes in contributed capital is as follows:.
Additions
(Deletions)
To/From General
Fixed Assets or
Year Ended December 31, 1999 Cont. Capital
Motor Vehicle Fund $ (15, 961)
Phone Services 111, 801
General Fixed Assets (106, 088)
Ambulance 10,248
Total $ 0
50
COUNTY OF WELD
STATE OF COLORADO
PENSION TRUST REQUIRED SUPPLEMENTARY INFORMATION
Year Ended December 31, 1999
Schedule of Funding Progress
Actuarial Actuarial Actuarial Unfunded Funded Covered UAAL as a
Valuation Value of Accrued AAL Ratio Payroll Percentage
Date Assets Liability (UAAL) (a/b) of
(a) (AAL) (b-a) (C) Covered
Entry Age Payroll
(b) [b-a) /c]
1/1/97 $52, 113, 121 $56, 148, 086 $ 4, 034, 963 92 .8% $22, 728, 155 1 . 8%
1/1/98 $58,256,392 $61, 714, 771 $ 3,458, 379 94 .4% $24, 902, 505 13 . 9%
1/1/99 $64, 835, 754 $68,518, 936 $ 3, 683, 182 94 .6% $27, 741, 047 13 .3%
51
COLORADO
COM131N1NG STATEMENTS,
1ND1V1DVAL FVND AND
ACCOVNT GROVP
STATEMENTS
AND SCHEDVLES
v
GENERAL 1VND
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 safely, county
administration and other activities financed from taxes and general revenues are reflected in this
fund.
COUNTY OF WELD
STATE OF COLORADO
General Fund
Balance Sheet
December 31. 1999
(With comparative totals for December 31, 1998)
1999 1998
ASSETS
Cash and short-term investments 8 5,774.571 $ 6.525.155
Receivables
(net of allowance for uncollectibles):
Current property taxes 25,366.619 22.845.390
Delinquent property taxes 81.306 113.367
Accounts 459.323 359.406
Due from other County funds 241.388 164.171
Due from other governments 89,860 301.964
Advances to other funas 275.000 95,000
Inventories 111.064 126.626
Other assets 240.467 13.656
Total Assets 8 32.639.598 8 30.544,735
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 2.189.529 $ 2.261,082
Accrued liabilities 826.831 834.050
Due to other County funds 23,100 42,176
Deferred revenue 27,104.909 23.213.300
Unexpended grant revenue (147.739) 251,595
Total Liabilities 29.996,630 26.602,203
Fund Balance:
Reserved for encumbrances 35,949 608.151
Reserved for other assets 22.343 13.656
Reserved for inventories 111.064 126.626
Unreserved
Undesignated 2.473.612 3.194.099
Total Fund Balance 2.642.968 3,942.532
-rota' Liabilities and Fund Balance $ 32,639.598 $ 30.544.735
53
COUNTY OF WELD
STATE OF COLORADO
General Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1999
(With comparative totals for the fiscal year ended December 31, 1998)
1999 1999 1999 199'3
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes $ 22,845.390 $ 22,630,522 $ (214,868) $ 23.532,963
Severance tax 22,500 22,744 244 13.101
Tobacco products 73.000 79,884 6.884 79,573
Penalties & interest 44,000 52.495 8,495 31,283
Property tax adjustment 0 0 0 (1.373.441'
Total Taxes 22.984.890 22.785.645 (199,245) 22,283,495
Licenses and Permits:
Liquor licenses 4.000 4,696 696 8.026
Planning permits 450,000 380.480 (69,520) 376,054
Building permits 801.000 838.352 37,352 828,0`0
Electrical permits 130,000 132,285 2.285 108,423
Total Licenses and Permits 1,385,000 1,355,813 (29,187) 1,320 53
Intergovernmental:
Federal grants 8,371 71.360 62.989 19C.846
Payment in lieu of taxes 600 0 (600) 36,()7
State grants 3,752,885 4,382.216 629,331 3.311,4;3
Other governmental units 29,890 149,100 119,210 66.6)4
Cities & towns 441,000 447,866 6,856 50/.?. 5
Total Intergoverrmental 4.232,746 5,050.542 817,796 4,103,8!5
Charges for Services:
Plan checking fees 305,000 298.104 (6,896) 172,)47
Charges for services 1,908,655 1,431,407 (477.248) 1.696.058
Sale of supplies 56,700 51,937 (4.763) 63,iT 6
Parking 12.150 12.363 213 12,0,'5
Total Charges for Services 2,282,505 1,793.811 (488,694) 1,944.56
Fires and Forfeitures:
Property forfeitures/evidence 0 6.387 6,387 L 4 :
Fines (drunk drivers) 31,000 32,914 1.914 35,45
Total Fines and Forfeitures 31.000 39,301 8,301 35. ? 4
54
COUNTY OF WELD
STATE OF COLORADO
General Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 1996
Budget Actual Variance Actual
REVENUES (CONTINUED)
Miscellaneous:
Miscellaneous 317.368 227,088 (90.280) 262,401
Interest 1,675,000 2.149.474 474,474 2.163.903
Rents from buildings 320.608 316,589 (4.019) 213.775
Royalties 150.000 181.343 31.343 132.731
Other 807.477 893.614 86,137 964,205
Contributions/In kind 0 4,166 4,166 1,745
Net increase (decrease) in fair value 0 (715,107) (715.107) (31.978
Sale of assets 110.000 110.682 682 4,273
Total Miscellaneous 3.380.453 3.167,849 (212,604) 3.711,065
Fees:
Inmate bond fees 1,000 0 (1,000) 0
Fee account 0 34.576 34,576 36112
Clerk & Recorder fees 2.540.000 2.766.799 226,799 2,455,5(1
Treasurer's fees 820,000 829.543 9,543 822.725
Advertising 37.500 26,412 (11.088) 30,13
Assessor's fees 24,000 30.870 6,870 160.7(7
Bad check fees 15.000 10.842 (4.158) 9.7(5
Community service fees 0 (25) (25) 0
Investigation fees 2.300 301 (1,999) 4(9
Cable fees 36.500 33.770 (2.730) 31,875
Total Fees 3,476,300 3,733,088 256.788 3.547.6'7
Total Revenues 37.772.894 37,926.049 153,155 36,946.5 5
EXPENDITURES
General Government:
Office of the Board 456.430 447,177 9.253 427,251
County Attorney 436.001 430.149 5.852 414.027
Public Trustee 4,000 3.522 478 3,801
Planning and zoning 665.713 617,326 46,387 516,9.5
Clerk to the Board 113.462 110,311 3.171 100.1'3
County Clerk 1,357,923 1.363.517 (5,594) 1.241,9,4
Elections and registration 539,698 384,729 154,969 495.809
County Treasurer 625.829 617.997 7.832 562.2'7
County Assessor 1,742.484 1.655.357 87.127 1,606.555
Maintenance of buildings/grounds 2,521,298 2.392,377 128,921 2.213.614
County Council 24.801 11.398 13.403 12.03E
District Attorney 2,192,626 2.145,133 47,493 1.785.011
Juvenile Diversion Grant 256.003 256.566 (563) 245.51(
Victim Assistance 190,747 582.915 (392,168) 585.8)
Financial administration 235.122 225.328 9.794 211 24!
General accounting 410,459 406.267 4,192 392.00(
Purchasing 88.412 85,066 3.346 81.99F
Personnel 316.137 312,458 3.679 271.631
Geographical Information Systems 1.181.204 528.074 653,130 256,80
Computer Services 1,499,636 1.504,429 (4,793) 1.828.53
Printing and Supply 224.604 198,575 26,029 197,23'
Total General Government 15,082,609 14,278,671 803.938 13,450.FM
(CONTINUED)
55
COUNTY OF WELD
STATE OF COLORADO
General Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 1998
Budget Actual Variance Actual
EXPENDITURES (CONTINUED)
Public Safety:
Sheriff administration $ 684,574 $ 675.538 $ 9.036 $ 627.08:
Crime control and investigations 3.507.122 3.541.462 (34.340) 3.287.39E
Task force 233,261 145.747 87.514 217.37f
Regional forensic laboratory 118.487 114.148 4,339 114.04(
Communications services 806.825 867.449 (60.624) 780,35=
Communication system development 0 19.398 (19.398) 551
E-911 administration 700 642 58 48S
Criminal justice 557.403 485,627 71,776 464.681'
County Coroner 573.008 311.224 261.784 262.32:',
Correctional administration 8.003.932 7.985.077 18.855 7.913,435
Community correction 2.711,120 3.193.749 (482.629) 2.907.223
Building inspection 720,020 632,977 87.043 543,413
Office of emergency management 92.562 85.449 7.113 74.76
Waste water management 7.704 7.703 1 7 50.'
Animal control 107,822 99.958 7,864 135 41'6
Pest/weed control 243.063 234,508 8.555 245,501
Solid Waste 0 2.842 (2,842) 4.1)1
Total Public Safety 18,367,603 18.403,498 (35.895) 17.585.721
Public Works:
General engineering 393.893 397.522 (3,629) 393.133
Extension services 287.219 288,801 (1.582) 274.361
Veterans office 50.412 47.718 2.694 44,483
Airport 657.778 677.682 (19,904) 621.85)
Total Public Works 1,389,302 1.411,723 (22,421) 1.333.883
Public Health and Welfare:
Mental health 135.875 134.875 1,000 20,25)
Developmentally disabled 44.023 44,023 0 43.167
Seniors program 12.500 12.500 0 12.507
Economic development 575.338 575.338 0 129.833
A Kid's Place 7.500 7.505 (5) 7.500
Total Public Health and Welfare 775.236 774.241 995 213.243
Culture and Recreation:
Missile site park 1,600 (1.934) 3.534 (2.813
County fair 52.661 85.113 (32.452) 79.015
Total Culture and Recreation 54.261 83.179 (28.918) 76.2(2
Miscellaneous:
Other 608.004 530.886 77.116 372:.768
Building rents 275,000 275.000 0 260,050
Total Miscellaneous 883.004 805.888 77.116 632,708
56
COUNTY OF WELD
STATE OF COLORADO
General Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 1998
Budget Actual Variance Actual
EXPENDITURES (CONTINUED)
Capital Outlay:
Office of the Board 2,000 1.818 182 )
Clerk to the Board 0 0 0 21.253
County Clerk 6,500 6.355 145 6.351
Treasurer 0 0 0 1.983
Assessor 0 3.011 (3,011) 1
County Council 0 0 0 2,383
District Attorney 50,000 49.729 271 1
Finance 30.000 26.298 3.702 1
Accounting 2,000 1,773 227 1
Planning 7.000 10.555 (3.555) 0
Maintenance of buildings/grounds 10,000 5.750 1,250 0
Information services 400,000 321,926 78.074 269,254
Geographical Information Systems 83,578 28.071 55.507 1.295
Capital improvement 50.000 48.389 1.611 9,419
Sheriff administration 0 1,096 (1.096) 0
Crime control and investigations 38.344 7.244 31,100 12.250
Regional forensic laboratory 4.500 0 4,500 25,522
Communication system development 65.250 11.579 53.671 (1°:3
County Coroner 4.100 4.098 2 0
Correctional administration 108.238 2.714 105,524 9. (0
Extension 2.100 2.022 78 4,614
Office of Emergency Management 2.700 2.018 682 0
Community corrections 2.000 2,297 (297) 0
Veterans 2.000 1.399 601 0
County Attorney 0 0 0 10.454
Solid Waste 0 0 0 1.1.5
Animal Control 0 0 0 1,1-.5
Total Capital Outlay 870,310 541.142 329.168 374.3 .1
Debt Service:
Capital lease 465,330 440.714 24.616 479.9,'5
Total Debt Service 465.330 440.714 24.616 479.'3.'5
Total Expenditures 37.887.655 36,739,056 1,148.599 34.146.8
Other Financing Sources (Uses):
Operating Transfers - Out
Appropriation Grants-In-Aid 2,700,032 2.909.724 (209.692) 1.383.6 37
Total Other Financing Sources (Uses) (2.700,032) (2.909.724) (209.692) (1.385.632)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (2.814,793) (1.722.731) 1.092.062 1.410,951
Fund Balance at Beginning of Year 3.942,532 3.942.532 0 2,531.54'
Prior perior adjustment 0 423.167 423.167 (
Beginning fund balance (restated) 3.942,532 4.365.699 423.167 2.511.54
Fund Balance at End of Year $ 1.127.739 1 2.642.968 1 1,515.229 $ 3.942.`13.'
57
COLORADO
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1999
Public Works Fund:
The Public Works Fund records all costs related to Weld County road and bridge construction and
maintenance. This fund is also utilized for allocation of monies to cities and towns for use in their
road and street activities. In compliance with GASB Statement #6, Special Assessment Districts
Antelope Hills 2, Casa Grande, Knaus, 71st Avenue, Basswood Avenue, 83rd Avenue, Road; 15
& 84, Road 34, Road 32, Road 8, Road 38, Johnson Subdivision, Arrowhead Subdivision, Roth
Subdivision, Martin Subdivision and Delwood Avenue are reported in the Public Works Lund
Social Services Fund:
The Social Services Fund accounts for the various public welfare programs administered by the
County.
Conservation Trust Fund:
The Conservation Trust Fund accounts for revenue received from the State of Colorado to be ui ed
for the acquisition, development and maintenance of new and existing conservation site; within
Weld County. The funds are derived from the Colorado State Lottery.
Contingent Fund:
The Contingent Fund records any property tax revenue levied by the Board of County
Commissioners to cover reasonably unforseen expenditures.
Emergency Fund:
The Emergency Fund accounts for the"Emergency Reserve"required by"Amendment One" to the
Colorado constitution.
Public Health Fund:
The Weld County Public Health Department provides health services to County residents. The Find
reflects revenue and expenditures for health care, health education, health monitoring and other
related activities.
Human Services Fund:
The Human Services Fund accounts for various federal and state human service grants. Primary
funding agencies are Department of Labor and Health and Human Services.
Solid Waste Fund:
This fund accounts for revenue received from a surcharge on dumping fees at solid waste disposal
sites for the purpose of combating environmental problems and for the further improvement and
development of landfill sites within the County.
59
COUNTY OF WELD
STATE OF COLORADO
Spec-al Revenue Funds
Combining Balance Sheet
December 31. 1999
(With comparative totals for December 31. 1998)
Socal Conservation
Public Works Services Trust Contingent Emerges_v
Fund Fund Fund Fund Fund
ASSETS
Cash and short-term investments $ 4.615,798 S 4.562.103 $ 409,514 $ 5.360.422 $ 2.525 393
Receivables
(net of allowance for uncoll ecti bl es)_
Current property taxes 2,118.873 3,163.848 0 2.252.050 0
Delinquent property taxes 9,013 10.253 0 8,588 854
Accounts 53.689 73,530 0 0 0
Special assessment 123.150 0 0 0 U
Due from other County funds 126,395 0 0 0 U
Due from other governments 0 (323.820) 0 0 U
Inventories 767,445 0 0 0
Other assets 625 5.570 0 0 0
Total Assets S 7.816988 $ 7.491.484 $ 409,514 $ 7,621.060 $ 2.526,247
LIABIL::TIES AND FUND BALANCES
Liabilities
Accounts payable 8 259.199 S 137.522 $ 0 $ 0 $
Due to other County funds 105,548 227.921 0 0
Due to other governments 0 45,630 0 0
Accrued liabilities 182,333 141,964 0 0
Other liabilities 0 139.841 0 0
Deferred revenue 2.223.659 3.879.283 0 2.260.638 55-•
::
Unexpended grant revenue 0 0 0 0
Total Liabilities 2.770,739 4.572.161 0 2.260.638 555
Fund Balances:
Reserved for encumbrances 266.475 0 0 0 _•
Reserved for other assets 625 5,570 0 0
Reserved for inventories 767,445 0 0 0
Reserved for claims 0 0 0 2.754,017 ..
Unreserved_
Designated for future year's expenditure 800.000 1,252.050 0 2,600.000 2.500 '5500
Jndesignated 3.210,704 1,661.703 409.514 6.405 2E 9?
Total Fund Balances 5.045.249 2.919,323 409,514 5.360.422 2,525.592
Total Liabilities and Fund Balances $ 7,815,988 $ 7.491.484 $ 409.514 S 7,621.060 $ 2,52E
60
Public Human Totals
Health Services Solid Waste —
Fund Fund Fund 1999 1998
$ 269.632 $ 132.067 $ 410,549 $ 16.286,478 $ 14,158,993
0 0 0 7.534,771 8,242,548
0 0 0 28,708 37,757
404.924 135.72/ 222.467 890,337 1,046,011
0 0 0 123,150 163,210
48.910 50 0 175,355 264,417
0 596.029 0 272,209 1.391,325
24,639 215,194 0 1.007.278 862,638
12.789 1.958 0 20,982 9,084
$ 766.894 $ 1,081.065 $ 633,016 8 25,339,268 8 26.175,983
$ 93,155 $ 92,662 $ 515 $ 583.053 $ 1,124.560
91,68: 22,896 38,778 486,826 461.647
C 0 0 45,630 71,328
115.417 317,928 0 761,642 747,930
C 0 0 139,941 101,239
5,265 269.863 0 5.643,578 8.818,649
7,944 35.667 0 43,616 1,372
321,464 739.035 39.293 15,704,186 11.326.725
6,579 47.612 0 320,666 542.662
289 1,998 0 8,482 9.084
24.639 0 0 792.084 609.005
0 0 0 2,754.017 2.754,017
0 0 0 7,152.050 5,600.000
407,923 292,419 593,723 6,607,783 5.334.490
439.430 342.029 593,723 17.635.082 14.849,258
8 760.894 $ 1,081,065 $ 633.016 $ 26,339,268 $ 26,175,983
61
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances
For the fiscal year ended December' 31. 1999
(With Comparative totals for the fiscal year ended December 31, 1998)
Social Conservation
Public Works Services Trust Contingent Emergency
Fund Fund Fund Fund Funa
Revenues:
Taxes 8 6,355.385 $ 3.156.641 I. 0 $ 2.699.153 $ 4.574
Licenses and permits 152./11 0 0 0
Intergovernmertal 8.732.374 9,892.068 316.119 0 C
Charges for services 291.554 0 0 0 0
Miscellaneous 81,770 69 1,651 0
Total Revenues 15,613,694 13.048.778 317,770 2.699.153 4.574
Expenditures:
Public works 14.746.156 0 0 0
Public health and welfare 0 12,690.524 0 0
Culture and recreation 0 0 286.971 0
Economic assistance 0 0 0 0
Other professional services 0 0 0 0
Capital outlay 35.621 218.684 C 0
1rtergovernwent al 566,169 0 0
•
Tota, Expenditures 15,347,946 12.909.208 286.971 0
•
Exces:, of Revenues Over
(Under) Expenditures 265,748 139.570 30.795 2,699.153
Other Financing Sources (Uses):
Operating transfers - in 381 485 C 0
Operating transfers - out 0 0 0 (1.200.000) r
Total Other Financing Sources (Uses) 381 485 0 0 (1,200,000) 1
Excess of Revenues and Other Financing
Sources Over ;Unger) Expenditures
and Other Firanoing Uses 647.233 139.570 30.799 1.499.1.53 4.377
Fund Balances at Beginning of Year 4.398 016 2.779.753 378.715 3.861.269 2,520.019
Resioua1 Equity Transfers Out 0 0 C 0
Find Balances at End of Year $ 5,045.249 $ 2.919.323 $ 409.514 $ 5.360.422 $ 2.525,-52
62
Public Human Totals
Health Services Solid Waste
Fund Fund Fund 1999 1998
8 0 8 0 8 0 8 12,215.753 8 8,363.397
291,790 0 0 444.501 445.404
1.195.164 7.551.261 0 27.686 886 25,662.321
417.970 446,908 1,145,119 2,301.551 2.171.584
64.362 170.069 0 317.921 480,472
1.969.286 8.168.238 1.145.119 42.966.612 37.123.178
0 0 0 14.746.156 14,225.207
3,889,183 0 0 16.579,707 14.744,703
0 0 0 286,971 363.962
0 8,160,520 0 8.160.520 8,275.533
0 0 121,061 121.061 142.530
65.979 109.634 0 429.918 1,783.000
0 0 0 566 169 526.430
3,955,162 8.270,154 121,061 40,890.502 41,061.365
(1.985,876) (101,916) 1,024.058 2.076.110 (2.933,187)
2.227,666 12,351 0 2.621.502 2,376.300
0 0 (711.778) (1,911,778) (2.104.123)
2.227.666 12.351 (711,778) 709 724 272.177
241,790 (89,565) 312.280 2.785.834 (2.665,010)
197.640 431.594 281,443 14.849.248 18,119.288
0 0 0 0 (604.030)
$ 439,430 8 342,029 8 593.723 8 17.635.082 8 14,849.248
62
COUNTY OF WELD
STATE OF COLORADO
Spec-al Revenue Funds
Public Works Fund
Statement. of Revenues. Expenditures and
Changes in Fund Balances - Budget. and Actual
For the fisca' year ended December 31, 1999
(With comparative totals for the fiscal year endec December 31. 1998)
1999 1999 1999 1998
Budget Actual Variance Actual
REVENUES
Taxes
General property taxes S 2.378.700 $ 2.371.295 8 (7.405) $ 2.237.710
Specific ownership taxes 3.400.000 3.978.697 578,697 3,497.138
Penalties & interest 0 5.393 5,393 2.531
Total Taxes -,778.700 6.355,385 576,685 5.737.379
Licenses and Permits:
Moving permits 130.000 152.711 22,711 174,849
Intergovernmental:
Mineral leasing 38.000 48,799 10.799 85,358
Grazing act 30,000 42.237 12.237 37.984
Payment in lieu of taxes 40.000 39.482 (518) 39.988
Grants 846.400 626,158 (220,242) 213,004
Motor vehicle registration fees 295.000 300.333 5.933 303.540
Highway user tax fund 7.416.000 7.674.524 258.624 7.070.168
State maintenance agreement 0 41 41 392
Total Intergovernmental 8.665.400 8.732.274 66.874 7.750.438
Charges for Services
Charges for services 148.585 291.554 142.969 279.657
Miscellaneous:
Earnings on deposits 0 12.628 12.628 14.840
Special assessmerts 0 34.691 34.691 54.759
Miscellaneous 0 3.966 3,966 0
Other 1.000 8.797 7,797 4,343
Gain on sale of assets 0 21.065 21,065 0
Recovery of losses 1,000 623 (377) 0
Total Miscellaneous 2.000 81.770 79.770 73.94?
Total Revenues $ .4,724.685 1 15,613.694 $ 889.009 $ 14.016.275
64
COUNTY OF WELD
STATE OF COLORADO
Spec:al Revenue Funds
Public Works Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31. 1999
(With comparative totals fur the fiscal year endec. December 31, 1998)
1999 1999 1999 1998
Budget Actual Variance Actual
EXPENDITURES
Public. Works:
Bridge construction 8 1,832.213 8 1.853.480 8 (21.267) $ 1.691.002
Maintenance of condition 2513.036 2,413.303 99.733 2.294,224
Maintenance support [.089,577 1.102.741 (13.164) 1.044,265
Trucking division 1.337,547 1.256.202 81.345 1.424,537
Mining division 1.304.207 1.299.868 4.339 1,288.211
Administration 496,828 500.490 (3,662) 470.037
Other public works 1,847.949 6,320.072 1.527,877 6.012.931
Total Public Works 15,421.357 14.'46.156 1.675.201 14.225.207
Intergovernmental
Scants-in-aid to cities/towns 569.660 566,169 3,491 526.430
Capital Outlay:
Special assessment infrastructure 0 0 0 30.896
Mining 0 0 0 701.817
Maintenance of condition 0 5.050 (5.050) 0
Other public works 0 20.675 (20.675) 0
Administration 10.000 9,896 104 2.764
Total Capital Outlay 10.000 35.621 (25.621) 735.472
Total Expenditures 17,001.017 15.347.946 1.653.071 15.487.109
Other Financing Sources (Uses)
Operating Transfers - In:
General Fund 0 209.692 209.692 J
Solid Waste 0 171.793 171.793 0
Total Other Financing Sources 0 381.485 381.485 0
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses :2.276.332) 647,233 2.923.565 (1,470,834)
Fund Balances at Beginning of Year 4,398.016 4.398.016 0 5.868.850
Furd Balances at End of Year 8 2.121.684 8 5.045.249 $ 2.923.565 1 4.398.016
65
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Social Services Fund
Statement of Revenues. Expenditures end
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31. 1999
(With comparative totals fur the fiscal year ended December 31. 1998)
1999 1999 1999 1998
Budget Actua Variance Actual
REVENUES
Taxes
General property taxes $ 3.163.848 $ 3.149,618 $ (14,230) 8 2.530,181
Penalties & interest 0 7.023 7,023 2,269
Total Taxes 3,163.848 3,156,641 (7,207) 2,532.450
Intergovernmental:
Welfare 8.517.250 9.892,168 1.374,818 8.670,190
Total Intergovernmental 8,517.250 9.892.068 1.374,818 8,670,190
Miscellaneous:
Earnings on deposits 0 61 61 123
Miscellaneous 0 8 8 0
Total Miscellaneous 0 69 69 125
Total Revenues 11.681.098 13.048,778 1,367.680 11.202,765
EXPENDITURES
Public Health and Welfare:
Administrative - regular 6.295.415 6.700,162 (404.747) 6.415.011
Administrative - IV-D 1,130.000 1.074,480 55.520 938,394
Institutional care 0 179.290 (179.290) 16.480
Food stamps 0 33.256 (33.256) (49.884)
Jobs - IV-F 0 127,837 (127,837) 1.970
Employment first 150.000 156,752 (6.752) 125.183
General assistance 132.000 109.305 22.695 115.814
AFDC 1.485,083 875 585 609.498 1,001,740
AND - State 110.000 84.226 25.774 76,677
Child Welfare 900,000 1.152.540 (252.540) 812.449
Day care 550,000 566,504 (16.504) 536.969
Medicaid transportation 15,000 9.901 5,099 7,716
66
COJNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Social Services Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 1998
Budget Actual Variance Actual
EXPENDITURES (CONTINUED).
Non-contractual case services 8 0 1 101.964 $ (101.964) $ 52.084
OAF - A 35.000 4.406 30,594 8.536
Placement alternative care 850.000 1.357.509 (507.509) 872.583
Staff development 0 281 (281) 1.929
Medical examinations 0 5.417 (5,417) 5,010
Administrative - LEAP 64.000 80.516 (16.516) 55,897
Administrative - LEAP outreach 19,600 26.935 (7.335) 27.114
LEAP - regular 0 0 0 (1,583)
LEAP - emergency 0 0 0 5.088
FEMA 45.000 43.658 1.342 41.570
Total Public Health and Welfare 11,781.098 12,690.524 (909.426) 11.066.747
Capital Outlay:
Administrative - -egular 900.000 183.254 716.746 694,34E
Leap - regular 0 1,631 (1.631) 27.995
19-0 adminstration 0 32.984 (32.984) 195.991
Fraud unit 0 815 (815) 14.00(
Total Capital Outlay 900.000 218,684 681.316 932,33(
Total Expenditures 12.681.098 12,909.208 (228.110) 11,999,086
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (1,000.000) 139.570 1,139.570 (796.31))
Fund Balances at Beginning of Year 2.779.753 2.779,753 0 3.576.072
Fund Balances at End of Year 8 1,779,753 $ 2.919.323 $ 1.139,570 $ 2,779,753
67
COUNTY OF WELD
STATE OF COLORADO
Spec-al Revenue Funds
Conservation Trust Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1999
iWith comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 1998
Budget Actual Variance Actual
REVENUES
Intergovernmental:
State lottery 8 367.000 8 316.119 8 (50.881) 8 407.633
Miscellaneous:
Ea^nings on deposits 9.000 1.651 (7.349) 2.556
Total Miscellaneous Revenue 9.000 1.651 (7.349) 2,55E
Total Revenues 376,000 317,770 (58.230) 410.189
EXPENDITURES
Culture and Recreation:
Land improvements 370.800 286.971 83.829 363,962
Capital Outlay:
Land Improvements 5.200 0 5,200
ri
Total Expenditures 376,000 286,971 89.029 363.967
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses 0 30.799 30,799 46,22'
Fund Balances at Beginning of Year 378,715 378.715 0 332,489
Fund Balances at End of Year 1 378.715 $ 409,514 $ 30.799 8 378,719
68
COUNTY OF WELD
STATE OF COLORADO
Spec-al Revenue Funds
Contingent Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fisca year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31, 1998)
1999 1999 1999 1998
Budget Actual Variance Actual
REVENUES
Taxes.
General property Taxes S 2,700.000 S 2.693.806 $ (6.194) $ 97.719
Penalties & interest 0 5.347 5.347 (334)
Total Revenues 2,700.000 2.699.153 (847) 97.385
EXPENDITURES 2.400,000 0 2,400.000
Other Financing Sources (Uses):
Operating Transfers - Out:
Other (1.200,000) (1_200,000) 0 (1.200.00(1
Total Other Financing (Uses) (1.200.000) (1.200.000) 0 (1,200.000)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (900.000) 1.499.153 2.399,153 (1,102,616)
Fund Balances at Beginning of Year 3,861.269 3.861.269 0 4.963.884
Fund Balances at End of Year 8 2,961.269 $ 5.360,422 $ 2.399,153 8 3.861.26)
69
COUNTY OF WELD
STATE OF COLORADO
Spec"al Revenue Funds
Emergency Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31. 1999
;With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 1998
Budget Actual Variance Actual
REVENUES
Taxes
General property taxes $ 0 8 4,585 $ 4,585 8 (2,952)
Penalties & interest 0 (11) (11) (862)
Total Revenues 0 4,574 4.574 (3.815)
EXPENDITURES 2.500,000 0 2.500.000 (
Other Financing Sources (Uses):
Operating Transfers - In:
Non-Departmental 0 0 0 500.00(
Total Other Financing Sources (Uses) 0 0 0 500,005
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (2,500.000) 4,574 2.504.574 496.185
Fund Balances at Beginning of Year 2.520.818 2.520,818 0 2.024.63:4
Fund Balances at Eno of Year 8 20.818 8 2,525.392 8 2-504,574 8 2.520.810
70
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Public Health Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fisca' year ended December 31. 1999
(With comparative totals fur the fiscal year ended December 31. 1998)
1999 1999 1999 1998
Budget Actual Variance Actual
REVENUES
Licenses and Permits:
Health licenses $ 263.100 8 291.790 8 28.690 8 270,555
Intergovernmental:
State grants 2.474,450 1.195.164 (1,279.286) 1,235,553
Counties 1.708,431 0 (1.708,431)
Total Intergovernmental 4,182.881 1.195.164 (2.987.717) 1,235,552
Charges for Services
Charges for services 23.625 39.085 15.460 52.61)
Vital statistics 100.000 118.423 18.423 112,914
Protective inspection fees 673.144 121.787 (551.357) 101.42E.
Clinic fees 216.379 138,675 (77.704) 162,859
Total Charges for Services 1.013.148 417,970 (595.178) 429,81
Miscellaneous.
Miscellaneous 5.741 3.062 (2.679) 2.574
Fees and fines 23.787 24.382 595 3
Other 0 21.600 21.600 0
Donations 7.800 15.318 7.518 12.68'
Total Miscellareous 37.328 64,362 27.034 15.26
Total Revenues 5,496.457 1.969.286 (3.527.171) 1.951,183
EXPENDI1URES
Public Health and Welfare:
Public health administration 403,400 78.512 324.888 112,99)
Health Education 458.961 331.185 127.776 414.326
Nursing 3.035.191 2.075.424 959.767 1.889.537
Environmental health 1.564.024 1.404,062 159.962 1.261.103
Total Public Health and welfare 5.461,576 3.889.183 1.572,393 3.677.955
Capital Outlay.
Administration 42,600 44,995 (2.395) 0
Health Education 0 3.434 (3.434) 0
Nursing 6.000 10.752 (4,752) 0
Environmental health 32.737 6.798 25.939 13.056
Total Capital Outlay 81.337 65.979 15.358 13.056
Total Expenditures 5.542.913 3.955,162 1.587.751 3.691.012
Other Financing Sources (Uses):
Operating Transfers - In:
Non-Departmental 0 2.227,666 2.227.666 1.863.949
Total Other Financing Sources 0 2.227,666 2.227.666 1.863.9,-9
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (46.456) 241.790 288.246 124.120
Fund Balances at Beginning of Year 197.640 197.640 0 73.520
Fund Balances at End of Year 8 151.184 8 439.430 8 288.246 $ 197,610
71
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Human Services Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 1998
Budget Actual Variance Actual
REVENJES
Intergovernmental:
Federal grants $ 6.937.394 8 6.576.319 8 (361.075) $ 6.701.324
State grants 987,000 974.942 (12.058) 897.183
Total Intergovernmental 7,924.394 7.551,261 (373.133) 7.598.507
Charges for Services
Charges for services 510,000 441.853 (68.147) 392.917
Fees 0 5.055 5,055 16,114
Total Charges for Services 510.000 446.908 (63.092) 409.051
Miscellaneous:
Donations from private sources 131.000 138.118 7,118 210,255
Other revenue 55,000 31.951 (23.049) 178.3z3
Total Miscellaneous 186.000 170,069 (15,931) 388.588
Total Revenues 8.623.394 8,168.238 (452.156) 8.396.1'6
EXPENDITURES
Economic Assistance:
.:TPA performance incentive 20.000 24.640 (4.840) 8.8614
Family support 100,916 45,910 55.006 70.715
Medicaid Transportation 50.000 46,239 3.761 9.002
:TPA older workers 40.000 46.030 (6,030) 46,014
One stop 180.000 61.474 118.526 102.442
JTPA IIA 240,000 238.488 1.512 210.3'9
JTPA IIB 250.000 245.068 4,932 283.216
JTPA IIC 45.000 28,896 16.104 51.713
EDWAA lOT displaced worker 275.000 240.985 34,015 158.638
Health services 10.500 15.684 (5,184) 7.135
LEAP 0 6.873 (6.873) 435
Older worker ED'WAA 7,500 5.733 1.767 8,936
Job service 255,000 349,289 (94,289) 254,730
Summer job hunt 10.000 10.000 0 10.030
Employment first 140,000 154.485 (14.485) 89.137
U.I. training program 112.000 102.059 9,941 86,542
State - pre-school 300.000 126.746 173.254 211,892
Head start 1.780,074 1,925.940 (145.866) 1.976,051
Migrant head start 1.570.000 1,647.174 (77.174) 1,777.889
CSBG 170.000 164,844 5,156 199.905
Supplemental foods 1.075.000 1.046.346 28.654 1.166.503
FTA 62,000 59,263 2,737 45,602
DOE weatherization 0 1.472 (1.472) 0
,AAA elder abuse 1,500 166 1.334 194
Single entry point 330.000 365,685 (35,685) 333.642
OAA area agency 53,000 46,231 6.769 46.130
OW, title III-B 200,000 168,807 31,193 155,128
AAA case management 10.000 10,231 (231) 11.173
AAA ombudsman 2,000 155 1.845 178
72
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Human Services Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 1998
Budget Actual Variance Actual
EXPENDITURES (SONTINUED):
OM title III C-I congregate $ 305,000 $ 340.547 $ (35.547) $ 320,42E
OM title III-C2 87.000 49,327 37,673 64,02E
OM in home support 4.500 7,982 (3.482) 6.421
Human resources general fund 0 832 (832)
Transportation 0 48,302 (48,302) 34,47E
Neighbor to neighbor 0 4,557 (4,557) 11.521
CARP 12,000 8.706 3.294 11,72:.
YOPI 55.000 51.824 3,176 55,75.
S.inmer of service 55,000 (10) 55,010 70,2X;
TANF 200.000 241.997 (41.997) 271,08€.
Welfare to work 444.475 74.023 370.452 C
Human resources lab pool 150.000 147.320 2.680 107.205
Total Economic Assistance 8,602.465 8,160.520 441.945 8.275.531
Capital Outlay:
Employment First 0 3,684 (3.684) II
One stop 15.000 35.376 (20.376) '1
Head start 0 0 0 14,89(
Single entry point 20.000 0 20,000 1
Migrant head start 0 C 0 78.741
(MA title III C-I congregate 0 1.280 (1.280)
Hr,an resources general fund 0 22.461 (22.461)
HFD Lao Pool 0 45.833 (46.833) )
Total Capital Outlay 35.000 109,634 (74,634) 93.63)
Total Expenditures 8.637.465 8,270.154 367.311 8.369,16)
Other Financing Sources (Uses).
Operating Transfers - In:
OAA area agency 12.351 12.351 0 12,351
Total Other Financing Sources 12.351 12.351 0 12.351
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (4,720) (89,565) (84,845) 39.358
Fund Balances at Beginning of Year 431.594 431.594 0 996.266
Residual Equity Transfers Out 0 0 0 (604,020)
Fund Balances at End of Year $ 426.874 8 342,029 $ (84.845) $ 431.554
73
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Solid Waste Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31, 1998)
1999 1999 1999 1998
Budget Actual Variance Actual
REVENUES
Charges for Services:
Landfill surcharge $ 940,000 8 1.145.119 $ 205.119 8 1.053.022
Total Revenues 940.000 1.145.119 205.119 1.053.022
EXPENDITURES
Miscellaneous
Solid waste 601,765 88.091 513.674 110.322
Code enforcement 52.250 32.970 19.280 32.209
Total Miscellaneous 654.015 121.061 532.954 142.531
Capital Outlay:
Code enforcement 0 0 0 8,50(
Total Expenditures 654,015 121.061 532.954 151.03_
Other Financing Sources (Uses).
Operating Transfers - Out:
Health department (539.985) (711.778) (171.793) (904.123)
Total Other Financing Sources (Uses) (539.985) (711,778) (171.793) (904,123)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (254.000) 312,280 566.280 (2.13?)
Fund Balances at Beginning of Year 281.443 281.443 0 283,579
Fund Balances at End of Year $ 27.443 8 593.723 $ 566.280 $ 281.443
74
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUND
EXPLANATION OF INDIVIDUAL FUND
December 31, 1999
Capital Expenditures Fund:
This fund accounts for various capital improvement projects on County property.
75
COUNTY OF WELD
STATE OF COLORADO
Capital Projects Fund
Capital Expenditures Fund
Balance Sheet
December 31, 1999
(With comparative totals for December 31. 1998)
1999 1998
ASSETS
Assets:
Cash and short-term investments $ 2,754.195 $ 3.753.579
Receivables
(net of allowance for uncollectibles):
Current property taxes 2.525,000 2.525.000
Delinquent property taxes 10.356 18.874
Total Assets $ 5,289.551 $ 6.297.453
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable $ 332.758 $ 1.474,296
Due to other County funds 0 60.493
Deferred revenue 2.535.355 2,543,875
Total Liabilities 2,868.113 4,078.664
Fund Balance:
Reserved for encumbrances 1.200,094 2.218,789
Unreserved:
Undesignated 1,221,344 0
Total Fund Balance 2.421.438 2.218.789
Total Liabilities and Fund Balance $ 5.289.551 $ 6,297.453
76
COUNTY OF WELD
STATE OF COLORADO
Capital Projects Fund
Capital Expenditures Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 1398
Budget Actual Variance -A_[ual
REVENUES
Taxes:
General property taxes $ 2.525.000 $ 2.517,926 $ (7,074) $ 2,841.2 70
Penalties & interest 0 5.884 5.884 .1 :4
Total Taxes 2,525,000 2,523.810 (1,190) -2 84 34
Miscellaneous:
Grant 520.000 270.000 (250.000)
Earnings on deposits 60.000 52.361 (7,639) 6. .( B,
Miscellaneous 0 1,638 1,638 Hn
Total Miscellaneous 580.000 323.999 (256.001)
Total Revenues 3.105.000 2.847,809 (257,191) 2�1l.437
EXPENDITURES
Capital Outlay:
Buildings 10.897.852 4,845.160 6.052.692 6.-.7 ..173
Total Expenditures 10.897.852 4.845.160 6.052.692 6 7,.•,73
Other Financing Sources (Uses).
Operating Transfers - In:
Solid Waste 2.200.000 2.200.000 0 .•1i.-80
Total Other Financing Sources 2,200.000 2.200.000 0 41 i.-80
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (5.592.852) 202.649 5.795.501 (2 8x3.'36)
Fund Balance at Beginning of Year 2.218.789 2,218.789 0 5 164.125
Fund Balance at End of Year $ (3.374,063) S 2.421.438 $ 5.795.501 $ 2.'13..'89
77
COLORADO
ENTERPRISE
FVND
ow
wog
Enterprise Funds are used to account for operations that are financed and operated in a
manner similar to private business enterprises - where the intent of the governing body its that the
costs of providing goods or services to the general public on a continuing basis be financed or
recovered primarily through user charges.
COUNTY OF WELD
STATE OF COLORADO
ENTERPRISE FUND
EXPLANATION OF INDIVIDUAL FUND
December 31, 1999
Ambulance Fund:
This fund accounts for the ambulance services provided to Weld County.
79
COUNTY OF WELD
STATE OF COLORADO
Enterprise Fund
Ambulance Fund
Balance Sheet
December 31. 1999
(With comparative totals for December 31. 1998)
1999 1998
ASSETS
Current Assets:
Cash and short-term investments $ 21.878 8 2.339
Receivables
(net of allowance for uncollectibles):
Accounts - ambulance services 680.336 511.166
Other assets 302 837
Total Current Assets 702.516 514.342
Fixed Assets:
Land 48,496 48,496
Improvements other than buildings 43.332 21.461
Buildings 660.677 648,234
Machinery and equipment 999.572 1.002.974
Accumulated depreciation (773.907) (702.649)
Total Fixed Assets 978,170 1.018.516
Total Assets $ 1.680.686 S 1,532.858
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts payable $ 26.130 8 4,086
Due to other County funds 10.135 0
Accrued liabilities 199,126 176.344
Advances from general fund 275.000 95.000
Total Current Liabilities 510.391 275.430
Fund Equity:
Contributed capital 111.799 101.551
Unreserved retained earnings 1.058,496 1.155.877
Total Fund Equity 1.170.295 1.257.428
Total Liabilities and Fund Equity S 1.680.686 $ 1.532.858
80
COUNTY OF WELD
STATE OF COLORADO
Enterprise Fund
Ambulance Fund
Statement of Revenues. Expenses and
Changes in Retained Earnings - Budget and Actual
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 1595
Budget Actual Variance Actin:it
Operating Revenues:
Rescue unit fees $ 4.042.279 8 4,199.786 8 157.507 8 3.6:2 449
Total Operating Revenues 4,042,279 4.199.786 157,507 3.7:2.4 9
Operating Expenses:
Bad debt expense 0 406.671 (406.671) 5-3.45E
Personnel services 1.999.484 2.042.721 (43.237) 1, 7 '7.536
Supplies 148.500 151.603 (3.103) 66E 6.1
Purchased services 1.451.736 1.345.386 106.350 1.057.2!4
Depreciation 200.000 189,644 10.356 i27.4T8
Other 219.959 224.117 (4.158) 2)1.2 7
Total Operating Expenses 4.019.679 4,360.142 (340.463) 4,0?4.5!4
Operating Income (Loss) 22.600 (160.356) (182.956) (33L .07')
Nonoperati ng Revenues:
State grants 12.400 36.592 24,192 10.E_8
Donations 0 0 0 L! .818
Other 0 23.383 23.383 3
Gain (Loss)on disposition of assets 0 3.000 3,000 6: .E'. ')
Total Nonoperating Revenues 12.400 62.975 50.575 2 .07
Net Income (Loss) 35.000 (97.381) (132.381) (36' .116)
Retained Earnings at Beginning of Year 1.155.877 1.155.877 0 1.E270)3
Retained Earnings at End of Year 8 1,190.877 8 1.058,496 8 (132,381) 8 ).15H,277
81
COLORADO
INTERNAL SERVICE
FVNDS
Internal Service Funds are established to account for goods and services provided
to other departments of the County on a cost-reimbursement basis.
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1999
Motor Vehicle Fund:
This fund accounts for the revenue and costs generated by equipment and vehicles rentec to the
Public Works Fund and to various departments of other County funds.
Health Insurance Fund:
This fund accounts for the County's self-insured dental and vision coverage. Revenue is generated
from contributions from the employees of the County. Disbursements are made after insured clai iris
have been verified and approved.
Insurance Fund:
This fund accounts for all insurance costs for the County,except health insurance. This program is
a combination of insured risks and protected self-insurance risks.
Phone Services Fund:
This fund accounts for all phone costs provided to the County and other outside agencies on a cost-
reimbursement basis.
Weld Finance Corporation:
This fund acquires real estate and constructs buildings for the use of County departments.
83
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Combining Balance Sheet
December 31, 1999
(With comparative totals for December 31. 1998)
Motor Health
Vehicle Insurance
Fund Fund
ASSETS
Current Assets:
Cash and short-term investments 8 1.613.180 8 1.010.191
Receivables
(net of allowance for uncoil ecti bl es):
Current property taxes 0 0
Delinquent property taxes 0 0
Accounts 39,175 387
Due from other County funds 137.883
Due from other governments 0 0
Inventories 14,222 0
Other assets 0 0
Total Current Assets 1.804.460 1,010.578
Fixed Assets:
Land 2.043.109 0
Improvements other than buildings 277.259 0
Buildings 2,818.746 0
Machinery and equipment 17,568.231 0
Accumulated depreciation (12.063.379) 0
Total Fixed Assets 10.643.966 0
Total Assets 8 12.448,426 $ 1.010.578
LIABILITES AND FUND EQUITY
Current Liabilities:
Accounts payable $ 149.791 5 5.501
Due to other County funds 12.765 0
Accrued liabilities 0 0
Deferred revenue 0 0
Current portion of long term debt 0 0
Total Current Liabilities 162.556 5.501
Long-term Liabilities.
Certificates of participation 0 0
Total Long-term Liabilities 0 0
Total Liabilities 162.556 5.501
Fund Equity.
Contributed capital 9.195.966 0
Unreserved retained earnings 3.089.904 1.005.077
Total Fund Equity 12.285,870 1.005.077
Total Liabilities and Fund Equity 8 12.448.426 8 1.010.578
84
Phone Weld Totals
Insurance Services Finance
Fund Fund Corporation 1999 1998
$ 2.085.315 $ 390,152 $ 235.324 S 5.334,162 $ 5.029.680
550.000 0 0 550.000 550.000
2.054 C 0 2,054 3.257
10.531 71 0 50.164 22.291
5.472 28.554 0 171.909 149.187
0 C 0 0 6.735
0 0 D 14.222 67.529
24,640 0 0 24.640 64.235
2.678.012 418.777 235.324 6.147,151 5.892.914
0 0 0 2,043.109 2.043.109
0 0 C 277,259 261.761
0 0 9.153.946 11,972.692 11.972.692
0 830.373 0 18.398.604 16,955.372
0 (559.423) (1.322.438) (13.945.240) (12,670.817)
0 270.950 7.831.508 18.746.424 18,562.117
S 2.678,012 $ 689.727 S 8,066,832 $ 24.893.575 $ 24.455.031
$ 37.357 $ 5.784 5 0 $ 198.433 S 186.600
100 1.505 0 14.370 13.458
400,404 9.474 0 409.878 252.237
552,054 0 0 552.054 553.257
0 0 0 0 270.110
989.915 16,763 0 1.174.735 1.275.662
0 0 8.275.125 8.275.125 8.275.126
0 0 8.275.125 8,275.125 8.275.126
989.915 16.763 8.275.125 9.449.860 9.550.788
0 576,745 0 9.772.711 9.676.871
1.688,097 96.219 (208.293) 5.671.004 5.227.372
1.688.097 672.964 (208.293) 15.443.715 14,904.243
$ 2.678,012 $ 689,727 $ 8.066.832 $ 24.893.575 $ 24.455.031
85
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Combining Statement of Revenues, Expenses and Changes in Retained Earnings
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31. 1998)
Motor Health
Vehicle Insurance Insuran:(
Fund Fund Fund
Contributions 8 0 $ 367.255 8 0
Rental income 0 0 0
Charges for services 3.508.074 0 196.7:4
Total Operating Revenues 3.508.074 367.255 196.7:4
Personnel services 0 0 0
Supplies 559.693 0 3
Purchased services 1.452.381 519 3.9. 7
Insurance and bonds 0 0 754.7-S
Depreciation 1.593,630 0 0
Other 50,000 0 2'. 6
Claims 0 180,491 454.2m1
Total Operating Expenses 3.655.704 181,010 711.0 9
Operating Income (Loss) (147.630) 186.245 (515.3 5'
Taxes 0 0 54E_5 ,8
Miscellaneous 3.653 0 24 4:,3
Fees 0 0 0
Gain on disposition of assets 247.037 0 0
Compensation for loss 0 0 11.2 '7
Loss on disposition of assets 0 0 0
Net increase(decrease) in fair value 0 0 (2` 6:.7
Interest expense 0 0 0
Total Nonoperating Revenues (Expenses) 250.690 0 56.1.6 1
Income (Loss) Before Operating Transfers 103.060 186.245 47 2' 6
Operating transfers - in 0 0 0
Total Operating Transfers In (Out) 0 0 0
Net Income (Loss) 103.060 186.245 4, 2)6
Retained Earnings at Beginning of Year 2.986.844 818,832 1.6411 811
Retained Earning at End of Year 8 3.089.904 8 1.005.077 $ 1.688 0)7
86
Phone Weld Totals
Services Finance -
Fund Corporation 1999 1998
$ 0 $ 0 $ 367.255 $ 180.560
0 715.714 715.714 739.925
909.440 0 4.614.248 4.374.173
909.440 715.714 5.697.217 5.294.658
115.841 0 115.841 108.369
30.258 4,889 594,840 425.275
521,810 667 1.979,304 1.953.344
0 0 254.745 187.823
79,944 289.374 1.962.948 1,898,827
23,058 0 73,264 67,713
0 0 634.692 752,710
770.911 294.930 5.615.634 5.394.061
138.529 420.784 81,583 (99.403)
0 C 548.598 1.000,267
0 13.088 41.194 144.471
0 0 0 0
0 0 247.037 470.821
0 C 16.207 30.755
0 C 0 0
0 0 (25,657) 5.469
0 (465.330) (465.330) (479.925)
0 (452.242) 362,049 1,171.858
138,529 (31,458) 443,632 1.072,455
0 0 C 700,000
0 0 0 700.000
138.529 (31.458) 443.632 1.772.455
(42.310) (176.835) 5.227.37? 3.454.917
$ 96,219 $ (208.293) $ 5.671.004 $ 5.227,372
87
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Combining Statement of Cash Flows
For the fiscal year ended December 31, 1999
(With comparative totals for the fiscal year ended December 31, 1998)
Motor Health
Vehicle Insurance
Fund
CASH FLOWS FROM OPERATING ACTIVITIES
Operating income (loss) $ (147,630) $ 18(j_24)
Adjustments to reconcile operating income (loss)
to net cash provided by operating activities:
Depreciation 1,593,630
Miscellaneous revenue 3,653
Change in assets and liabilities
(Increase) decrease in receivables (32,522)
(Increase) decrease in inventories 53,307
(Increase) decrease in other assets (5,705)
Increase (decrease) in accounts payable (12,634) , (0 )
Increase (decrease) in accrued liabilities 0 •
Increase (decrease) in other liabilities (693)
Total adjustments 1,599,036 138
Net cash provided by (used for) operating activities 1,451,406 _ ?6._
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Taxes 0
Cash. transfers 0 __________
Net cash provided by (used for) noncapital
Financing activities 0 .
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Interest paid on borrowings 0
Proceeds from sale of assets 303,198
Acquisition of capital assets (2,106,480)
Principal paid on long-term debt 0 ______
Net cash used for capital and related
Financing activities )1,803,282)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments 0
Adjustment to fair market value 0
Net cash provided by (used fort investing
Activities 0 —_—
Net Increase (Decrease) in Cash and Cash Equivalents (351,876) 15 '' :6 '
Cash and Cash Equivalents at Beginning of Year 1,965,056 82' 924
Cash anc Cash Equivalents at End of Year $1,613,180 51,0: )_19,
88
Phone Weld
Insurance Services Finance Totals _
Fund Fund Corporation 1999 1998
Sy (516,345) $ 136,529 $ 420,784 $ 81,583 $ (99,4031
0 79,944 289,374 1, 962,948 1,898,828
16,207 0 0 19,860 146,578
(1,414) 7,215 0 (26,603) 456,414
0 0 0 53,307 (53,413)
47,735 (18,423) 0 23,607 (11,4751
26,783 (1,214) 0 11,834 53,062
163,221 (5,580) 0 157,641 11,985
(1,171) 1,505 4,890 4,531 (458,979)
251,361 63,447 294,264 2,207,125 2,043,000
(264,984) 201,976 715,048 2,288,708 1,943,597
548,598 0 0 548,598 1,000,267
0 0 0 0 1,304,030
548,598 0 0 548,598 2,304,297
0 0 (465,330) (465,330) (479,925
0 0 0 303,198 538,249
0 (1,096) 0 (2,107,576) 11,602,279,
0 0 (275,000) (275,000) (255,111 ,
0 (1,096) (740,330) (2,544,708) (1,799,066,
24,453 0 13,088 37,541 28,648
(25,657) 0 0 (25,657) 5,469
(1,204) 0 13,088 11,884 34,117
282,410 200,880 (12,194) 304,482 2,482,945
1,802,905 189,272 247,518 5,029,680 2,545,735
2 085315 $ 390,152 $ 235,324 $5,334,162 $5,029,680
89
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Motor Vehicle Fund
Statement of Revenues. Expenses and
Changes in Retained Earnings - Budget and Actual
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 19'8
Budget Actual Variance - Acti.al
Operating Revenues-
Charges for services $ 1.997.002 $ 1.904.410 $ (92.592) $ 1,57. .114
Miscellaneous 1,387.653 1,603.664 216.011 1.45- ,413
Total Operating Revenues 3.384,655 3,508.074 123.419 3.'.2'',! 27
Operating Expenses.
Supplies 483,476 559.693 (76.217) L0m-34
Purchased services 1.463,548 1,452,381 11.167 1_<3,) P0')
Depreciation 1.387.653 1.593.630 (205,977) 1.`1'_-l65
Other 49.978 50.000 (22) 3.',717
Total Operating Expenses 3,384.655 3.655.704 (271,049) 3.:9- s) 81
Operating Income (Loss) 0 (147.630) (147.630) 23,; 45
Nonoperating Revenues:
Miscellaneous 0 3.653 3.653 60
Gain on disposition of assets 362.000 247.037 (114.963)
Total Nonoperating Revenues 362,000 250.690 (111.310) - l7),,E2
Net Income (Loss) 362,000 103.060 (258,940) 713. Y8
Retained Earnings at Beginning of Year 2.986.844 2.986.844 0 2. 172:'16
Retained Earnings at End of Year $ 3,348,844 $ 3.089,904 $ (258.940) $ 2. 3E6,.,44
90
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Health Insurance Fund
Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 i9 i8
Budget Actual Variance A<t is
Operating Revenues:
Contributions $ 226,028 $ 367,255 $ 141.227 8 _81.'60
Operating Expenses:
Purchased services 5,000 519 4,481 16
Claims 221.028 180.491 40.537
Total Operating Expenses 226.028 181.010 45,018 73.: 03
Operating Income (Loss) 0 186.245 186.245
Operating Transfers:
Operating transfers - in 0 0 0 'C). CO
Net Income (Loss) 0 186.245 186,245 'O?.'51
Retained Earnings at Beginning of Year 818,832 818.832 0 13, 81
Retained Earnings at End of Year $ 818.832 $ 1.005.077 $ 186.245 $ 513. 22
91
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Insurance Fund
Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual
For the fiscal year endea December 31, 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 19,,8
Budget Actual Variance Actual
Operating Revenues:
Charges for services $ 227.580 $ 196.734 $ (30.846) $ '9^, (/
Operating Expenses.
Supplies 2,500 0 2.500 0
Purchased services 51,100 3.927 47.173 600
Insurance and bonds 225.980 254.745 (28.765) ;8'.H23
Other 500 206 294 b49
Claims 592,500 454.20] 138.299 E7d,b17
Total Operating Expenses 872.580 713.079 159.501 - ,61.:87
Operating Income (Loss) (645.000) (516,345) 128.655 - (`64,' 72)
Nonoperati ng Revenues:
General property taxes 550.000 547.193 (2.807) ''9i.r30
Penalties & interest 0 1.405 1.405 L..:37
Compensation for loss 30.000 16.207 (13.793) 3), .55
Earnings on deposits 65.000 24.453 (40.547) 21,157
Other 0 0 0 11,194
Net increase(decrease) in fair value 0 (25,657) (25.657) 1,' 68
Total Nonoperating Revenues 645.000 563.601 (81.399) 1 6.141
Net Income (Loss) 0 47.256 47,256 - ,.nC?, .69
Retained Earnings at Beginning of Year 1.640.841 1.640.841 0 1 '133.' 72
Retained Earnings at End of Year $ 1.640.841 $ 1,688.097 $ 47.256 $-1 641., 41
92
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Phone Service Fund
Statement of Revenues. Expenses and
Changes in Retained Earnings - Budget and Actual
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1999 1999 19''8
Budget Actual Variance - Actia1
Operating Revenues:
Charges for services $ 869.915 $ 909.440 $ 39.525 $
Total Operating Revenues 869.915 909.440 39.525
Operating Expenses:
Personnel services 116.925 115.841 1.084 :Oa.159
Supplies 34,100 30,258 3,842 1,.192
Purchased services 575.877 521.810 54,067 E14.483
Depreciation 118,891 79,944 38.947 83.110
Other 23,022 23.058 (36) 3,1.147
Total Operating Expenses 868.815 770.911 97,904 - -5 lDI
Operating Income (Loss) 1.100 138.529 137.429 (- 7.' 721
Nonoperating Revenues:
Income (Loss) Before Operating Transfers 1.100 138.529 137.429 (- 7:72)
Operating Transfers - In:
Net Income (Loss) 1.100 138.529 137.429 - (I,"72)
Retained Earnings at Beginning of Year (42,310) (42.310) 0 25..'38)
Retained Earnings at End of Year $ (41.210) $ 96.219 $ 137.429 1- 42..'10)
93
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Weld Finance Corporation
Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31, 1998)
1999 1999 1999 1998
Budget Actual Variance A_lua'
Operating Revenues:
Rental income E 740.330 8 715.714 8 (24.616) 8 719. i25
Total Operating Revenues 740.330 715.714 (24.616) 719. ;25
Operating Expenses:
Supplies 0 4.889 (4.889) 4, 359
Purchased services 0 667 (667) 1,140
Depreciation 275.000 289.374 (14,374) 297. '52
Total Operating Expenses 275.000 294.930 (19.930) 3(3, _81
Operating Income (Loss) 465,330 420.784 (44.546) 16, '"4
Nonoperating Revenues/Expenses:
Interest income 0 13.088 13,088 14.0€0
Interest expense (465.330) (465.330) 0 (779,')25)
Total Nonoperating Revenues (465.330) (452,242) 13,088 (1(5. t35)
Net Income (loss) 0 (31.458) (31,458) ;19. 21)
Retained Earnings at Beginning of Year (176.835) (176,835) 0 (1':7. '14)
Retained Earnings at End of Year $ (176.835) 8 (208.293) 8 (31.458) 8 (116, 135)
94
TRVST AND AGENCY
FVNDS
r-'
Trust and Agency Funds are established to record transactions relating to assets held by the
County in the capacity of trustee, custodian or agent for individual, governmental entities and non-
public organizations.
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1999
Pension Trust Fund:
Weld County Retirement Plan Fund:
This fund accounts for the defined benefit retirement pension plan which rovers
substantially all permanent, full-time employees of Weld County.
Expendable Trust Funds:
North Colorado Medical Center Trust Fund:
This fund accounts for the revenue and related capital expenditures as required by the North
Colorado Medical Center Board of Trustees, an autonomous board responsib e for
administering the operations of the hospital.
Employee Flexible Spending Fund:
This fund accounts for Weld County's Section 125,voluntary tax-sheltered plan,vv rich the
County administers directly. Employee contributions to the plan are refunded upon
submission of documentation for unreimbursed claims.
Nonexpendable Trust Fund:
Waste Services Trust Fund:
This fund accounts for the interception and disposal of household hazardous avast(' to
encourage recycling and proper handling of hazardous waste.
Agency Funds:
General Agency Fund:
This fund accounts for all monies collected(principally tax collections)by the Weld County
Treasurer for various other local governmental units within the County.
Payroll Agency Fund:
This fund accounts for the accumulation of County payrolls and related withholdings.
Disbursements are made to the appropriate financial institutions through the payroll direct
deposit system and the various vendors for the withholdings.
Emergency Telephone Service Fund:
This fund accounts for the E-911 function in the County which services all em.tigency
agencies of the County.
95
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Combining Balance Sheet
December 31. 1999
(With comparative totals for December 31, 1998)
Nonexpendable Pension Trust
Expendable Trust Funds Trust Fund Fund
North Colorado Employee Waste Weld County
Medical Center Flexible Services Retirement
Trust Spending Trust Pan
Assets
Cash and short-term investments 8 31 $ 65.093 $ 279 8 0
Accounts receivable
(net of allowance for uncollectibl 0 0 0 0
Due from other County funds 0 0 0 0
Due from other governments 0 0 0 0
Prepaid expense 0 0 0 214 f73
Restricted assets
Cash 0 0 0 267 616
Retirement plan investments 0 0 0 78,051 472
Total Assets $ 31 8 65.093 $ 279 $ 78.533 411
Liabilities and Fund Equity
Accounts payable $ 0 8 9.694 8 0 $ 174 374
Due to other County funds 0 55.399 0 0
Due to other governments 0 0 0 0
Total Liabilities 0 65.093 0 174 274
Fund Balances:
Reserved for employee pension benefi 0 0 0 68,518 936
Unreserved and undesignated 31 0 279 9,840 1)1
Total Fund Balances 31 0 279 78,35, C17
Total Liabilities and Fund Equity $ 31 $ 65.093 $ 279 $ 78.533 411
96
Agency Funds Totals
Emergency
General Payroll Telephone
Agency Agency Service 1999 1998
$ 3,558.629 $ 331.162 S 1.208.291 S 5.163,485 E 5.422.254
12,673 51 2.432 15.156 15.023
0 1.178 0 1.178 0
0 0 0 0 13.529
0 0 0 214.293 178.316
0 0 0 267.646 278,909
0 0 0 78.051.472 68.494,090
$ 3.571.302 $ 332.391 S 1.210.723 $ 83.713.230 $ 74.402.121
$ 5.904 $ 332.391 $ 3.558 $ 525.921 S 423.551
0 0 0 55.399 0
3.565.398 0 1.207.165 4.772.563 5.143.218
3.571.302 332.391 1.210.723 5.353.883 5.566.769
0 0 0 68.518.936 61.714.771
0 0 0 9.840.411 7.120.581
0 0 0 78.359.347 68.835.352
S 3.571.302 $ 332.391 $ 1.210.723 $ 83.713.230 $ 74,402.121
97
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Pension Trust Fund
Statement of Changes in Plan Net Assets
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31, 1998)
Weld County Retirement Plan
1999 1998
Additions:
Contributions 8 3,589.122 $ 3.372,438
Earnings on investments 6,967.036 6.633,591
Net appreciation in fair market
value of investments 2.115,681 (3.685,080)
Total Additions 12.671.839 6.320.949
Deductions:
Actuarial/trustee fees 234,031 258,701
Benefit payments 2,909,913 2.691,688
Supplies 3,900 3,575
Total Deductions 3,147.844 2.953.964
increase in Net Assets 9.523,995 3.366,985
Net Assets Held in Trust for Pension Benefits
Beginning of the Year 68,835,042 65.468,057
End of the Year $ 78,359,037 $ 68.835,042
98
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
All Expendable Trust Funds
Statement of Revenues, Expenditures and
Changes in Fund Balances
For the fiscal year ended December 31, 1999
(With comparative totals for the fiscal year ended December 31. 1998)
North Colorado Employee Totals
Medical Center Flexible
Trust Spending 1999 111)8
Revenues:
Earnings on investments $ 0 $ 0 $ 0 $
Contributions 0 336.130 336,130 P)fi,06%
Total Revenues 0 336,130 336.1301)8,06N
Expenditures:
Reimbursements 0 336.130 336,130 7)8.067
Total Expenditures 0 336.130 336.130 748.061
Excess of Revenues Over (Under) Expenditures 0 0 0
Fund Balances at Beginning of Year 31 0 31 7'
Fund Balances at End of Year $ 31 $ 0 $ 31 a
99
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Nonexpendable Trust Fund
Statement of Revenues. Expenses and
Changes in Fund Balance
For the fiscal year ended December 31. 1999
(With comparative totals for the fiscal year ended December 31, 1998)
Waste Services
1999 1998
REVENUES
Earnings on deposits $ 0 $ 2.007
EXPENSES
Miscellaneous 0 5.937
Net Income 0 (3.930)
Fund Balance at Beginning of Year 279 4.209
Fund Balance at End of Year S 279 8 279
100
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Statement of Changes in Assets and Liabilities
All Agency Funds
For the fiscal year ended December 31, 1999
Balance balance
01/01/99 Additions Deductions 1?/71/99
GENERAL AGENCY FUND
Assets:
Cash and short-term investments 8 4,143.870 S 4.074,570 $ 4.659.811 $ .H.-)5b..629
Accounts receivable 2.823 203.758 193.908 1 .673
Due from other governments 13,449 2.413 15.862 0
Total Assets S 4.160.142 $ 4.280,741 8 4.869.581 8 .:,D7[.302
Liabilities:
Accounts payable $ 1,250 8 237.402 8 232.748 $ ' .904
Due to other County funds 0 13.621 13.621 0
Due to other governments 4.158.892 4.430.795 5.024.289 : .56' .398
Total Liabilities 8 4.160.142 8 4.681.818 $ 5.270.658 8 .L.373.302
PAYROLL AGENCY FUND
Assets:
Cash and short-term investments 8 290.996 8 13.296.917 8 13.256.751 8 33..162
Accounts receivable 0 2,971 2.920 51
Due from other County funds 0 1.178 0 ..178
Total Assets 8 290.996 8 13,301.066 $ 13.259.671 8 33 .391
Liabilities:
Accounts payable 8 290.996 8 16.970.979 8 16.929.584 8 33. .391
Total Liabilities 8 290.996 $ 16.970.979 8 16.929.584 8 33, .391
EMERGENCY TELEPHONE SERVICE
Assets:
Cash and short-term investments 8 912.504 $ 1,224.625 $ 928.838 8 .'0 ..291
Accounts receivable 7.846 615.456 620.870 . .432
Total Assets $ 920.350 $ 1.840.081 $ 1.549.708 8 . 21' .723
Liabilities:
Accounts payable 8 0 8 289,890 $ 286.332 5 .558
Due to other governments 920.350 812.853 526.038 .20-.165
Total Liabilities $ 920.350 $ 1.102.743 8 812,370 $ _.21' .723
TOTAL - ALL AGENCY FUNDS
Assets:
Cash and short-term investments $ 5.347.370 $ 18.596.112 $ 18.845.400 $ 3,09H.082
Accounts receivable 10,669 822.185 817.698 1 ..156
Due from other County funds 0 1.178 0 '. .178
Due from other governments 13,449 2.413 15.862 0
Total Assets $ 5.371.488 8 19,421.888 $ 19.678.960 8 3.111.416
Liabilities:
Accounts payable $ 292.246 $ 17.498.271 $ 17.448.664 $ 34. 853
Due to other County funds 0 13.621 13.621 0
Due to other governments 5,079.242 5.243.648 5,550.327 4 77 ' 563
Total Liabilities $ 5.371.488 8 22.755.540 $ 23,012.612 $ 5 111.416
101
istitr
'Mc
COLORADO
102
GENERAL FIXED ASSETS
ACCOVNT GROV1'
Investment in property and equipment, except for those of the Proprietary Funds, a.re
recorded in the account group.
COUNTY OF WELD
STATE OF COLORADO
General Fixed Assets Account Group
Schedule of General Fixed Assets by Source
December 31, 1999
(With comparative totals as of December 31, 1998)
GENERAL FIXED ASSETS: 1999 1998
Land $ 2,399,928 $ 2,561,997
Improvements other than buildings 3,634,187 3,157,962
Buildings 36,266,251 27,485,183
Leasehold improvements 29,596 29,596
Machinery and equipment 10,358,741 9,842,820
Construction in progress 57,688 4,671,290
Total Assets $52,746,391 $47,748,848
INVESTMENTS IN GENERAL FIXED ASSETS BY SOURCE:
General Fund $ 6,773,513 $ 6,695,321
Special Revenue Funds 2,099,530 1,730,524
Capital Projects Fund 43,759,677 39,234,175
Donations 113,671 88.828
Total Investments in General Fixed Assets $52,746,391 $47,748,848
103
COUNTY OF WELD
STATE OF COLORADO
General Fixed Assets
Schedule of General Fixed Assets by Function and Activity
December 31, 1999
(With comparative totals as of December 31, 1998)
Land Leasehold Equipment/ Construction Yen .and_n '_t a...
Land Improv. Buildings ImProv. Furniture In Pmoress 194_ _ 1939
GENERAL GOVERNMENT:
Office of the Board $ 0 $ 0 $ 0 $ 0 $ 7,362 $ 0 $ 'II, 62 5 7 362
County Attorney 0 0 0 0 1,650 0 1,151 1 652
Clock to the Board 0 0 0 0 24,010 0
County Clerk 0 0 0 0 244,563 0 2-9,`ee 2,1 305
Elections 0 0 0 0 593,946 a 5' 3. 4s 5's 946
Treasurer 0 0 0 0 39,971 0 9, ]1 :9 971
A9aeesor 0 0 0 0 30,175 0 5, .r. s.753
District Attorney 0 0 0 0 108,002 0 Y e,'02 CL' 553
Finance 0 0 0 0 2,565 2 565
Accounting 0 0 0 0 6,966 0 e. _: E 966
Personnel 0 0 0 0 5,045 0 5,'J: 095
Planning 0 0 0 0 9],080 0 .. .: 066
Buildings and Grounds 0 0 0 0 90,112 0 32 213
Eats Processing 0 0 0 0 3,250,945 0 1 C- 016
Capital Improvements 2,128.315 2,528,229 20,691,002 0 66,638 57,68'0 2. 4 1. 73
Printing and Supply 0 0 0 0 23,792 4 '.3 ' _ _, 792
TOTAL GENERAL GOVERNMENT $2.128.315 $2 52A 229 020,691,002 $ 0 $ 4,545,642 $57,698 $=9 9 6 "Nd 475
PUBLIC SAFETY:
Sheriff Administration 0 534,458 1,601,988 0 642,750 0 2 8 9, 96 .:.899.684
Communications 43,474 0 307,048 29,596 3,025,001 C , 4 5, -9
county Coroner 0 0 0 0 1,336 0 '1.33e
E:neroency Mer.ageme nt 0 0 0 43,571 e 3 _ :-.561
TOTAL PUBLIC SAFETY 43,474 594,459 1,909,036 29,596 3,712,660 0 119 -=4 _ 6 299,919
PUBLIC WORKS.
Roads and Bridges 0 180,096 2,502.531 0 51,114 0 _ 713 :41 1 !69.895
NEA:,n4 AND WELFARE:
Health 0 7,893 4,803,445 0 452,114 0 5 2''3,ai2 4.:.6,930
Public Welfare 170 27,271 3,151,378 0 1,237,290 0
,316 4_36.257 3 491,292
TOTAL HEALTH AND WELFARE 170,318 35,164 7,954,823 0 1,689,404 0 =.819.'f9 7 50:,222
ECONOMIC ASSISTANCE:
Routing0 0 0 0 8,920 0 0, '10 0.320
Human Services 38 414 ,
96016 1,079,7690 255,408 0 419 607 1 136,667
TOTAL ECONOMIC! ASSISTANCE 38,414 46,016 1,079,769 0 264,328 0 1_28 S_7 1 34',567
AUXILIARY SERVICES'
Missile Park 0 139,762 36,757 0 0 0 1'0,,19 _7.,519
Library 19,207 6,724 1,076,287 0 0 0 22,;.18 1.1;[,218
Extension Services 250 103,73A 1,014,046 0 95,593 0 _13 577 104,113
TOTAL AUXILIARY SERVICES 19.487 250,224 2,129,090 0 95,593 3 _94 3_4 2 494,650
TOTAL GENERAL FIXED ASSETS 02 399,028 32,634.167 336,266,25] 52i✓536 310,308,741
104
COUNTY OF WELD
STATE OF COLORADO
General Fixed Assets
Schedule of Changes in General Fixed Assets
by Function and Activity
For the fiscal year ended December 31, 1999
General Genera
Fixed Assets Fixed Asset
01/01/99 Transfers Additions Deletions 12/31,99
GENERAL GOVERNMENT:
Office of the Board $ 7,362 $ 0 $ 0 $ 0 $ .', 562
County Attorney 1,650 0 0 0 ,650
Clerk to the Board 28,310 0 0 4,300 2',,910
County Clerk 241,305 (3,982) 8,508 1,268 24.,563
Elections 593,946 0 0 0 593,946
Treasurer 39,971 0 0 0 3",971
Assessor 29,753 0 1,924 1,502 30,175
District Attorney 110,553 0 3,124 5,675 108,302
Finance 2,565 0 0 0 2,365
Accounting 8,966 0 0 0 8,)66
Personnel 5,045 0 0 0 8,345
Planning 37,066 0 10,814 0 4',380
Buildings and Grounds 62,213 3,982 36,475 12,538 90,132
Data Processing 3,012,006 0 598,824 359,885 3,250,)45
Capital Improvements 24,543,972 0 927,900 0 25,47 ,372
Printing and Supply 23,792 0 0 0 2.y j9"r'
TOTAL GENERAL GOVERNMENT 28,748,475 0 1,587,569 385,168 29 950 371.
PUBLIC SAFETY:
Sheriff Administration 2,899,684 0 2,714 63,202 2,830,196
Communications 3,357,244 0 101,820 53,945 3,405,119
County Coroner 1,338 0 0 0 1,338
Emergency Management 41,553 0 2,018 0 4 557'
TOTAL PUBLIC SAFETY 6,299,819 0 106,552 117,147 6 28922
PUBLIC WORKS:
Roads and Bridges 1,36795 0 1,375,084 9,238 2,735.74'
HEALTH AND WELFARE:
Health 4,006,930 0 1,465,468 208,946 5,265,45?
Public Welfare 3,493,292 0 1,095,253 2,288 4,585257
TOTAL HEALTH AND WELFARE 7,500,222 0 2,560,721 211,234 9,840709
ECONOMIC ASSISTANCE:
Housing 8,920 0 0 0 3,920
Human Services 1,338,667 0 106,489 25,549 1 419 607
TOTAL ECONOMIC ASSISTANCE 1,347,587 0 106,489 25,549 1,423527
AUXILIARY SERVICES:
Missile Park 178,519 0 0 0 173,519
Library 1,102,218 0 0 0 1,102,218
Extension Services 1,204,113 0 9,464 0 1,213 577
TOTAL AUXILIARY SERVICES 2,484,850 0 9,464 0 2 49;314_
TOTAL GENERAL FIXED ASSETS $ 47,748,848 $ 0 $ 5,745,879 $ 748,336 $ 52,745 391_
105
COLORADO
LONG-TERM DEBT
ACCOVNT GROVP
r -,
•
Sick and vacation accrual and long term lease liabilities for Governmental Fund types are
recorded in this account group.
COUNTY OF WELD
STATE OF COLORADO
General Long-Term Debt Account Group
Schedule of Long-Term Debt
December 31, 1999
(With comparative totals for the fiscal year ended December 31. 1998)
1999 1998
Amounts to be Provided for Retirement
Of General Long-Term Debt $ 1,409,386 $ 1.368.957
Liabilities:
Special assessment bonds payable 10.000 10,000
Vacation and sick-leave accrual 1.399.386 1,358,957
Total General Long-Term Debt $ 1.409.386 $ 1.368,957
107
tt ;;T
IIIilic
COLORADO
108
STAT1 STl CAL
S£CT1ON
COUNTY OF WELD
STATE OF COLORADO
Tables Relating to Bonded Debt
(Unaudited)
December 31, 1999
NOTE:
Weld County is without bonded debt and, accordingly, the following statistical tables are ] c.
presented:
A. Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Fer
Capita - Last Ten Years
B. Ratio of Annual Debt Service for General Bonded Debt to Total General
Expenditures - Last Ten Years
C. Revenue Bond Coverage - Last Ten Years
109
COUNTY OF WELD
STATE OF COLORADO
General Governmental Expenditures by Function
(Unaudited)
Last Ten Years
General Public County Roads Public Health
Year Government Safety & Highways & Welfare
1990 $ 8.112.753 $ 9.749.362 $ 11.147.191 $ 23.641.401
1991 8.780.727 10.804.861 11.412.048 26,818.985
1992 8,851.711 11.129.398 12.923.390 29.115.143
1993 9.240.852 12.316.998 12,406.610 30.368.869
1994 11,055.275 12.433.092 13,294.864 33,011.044
1995 10.592.856 12.987.458 14.566.805 30.821.874
1996 11.948,235 14.259.703 13.775.099 31.956.369
1997 12.174,652 15.080.985 16.287.124 30.211.705
1998 13,452,540 17.585.720 15.559.093 14,957,946
1999 14,278,671 18.403,498 16.157.879 17,353.948
General Revenue by Source
(Unaudited)
Last Ten Years
Licenses Intergovernmental
Year Taxes and Permits Revenue
1990 $ 22.300.072 $ 597.294 $ 34.488.199
1991 23.867.746 647.634 37.805.169
1992 24.932.140 840.856 39.972.645
1993 25.235.991 1.123.683 42.971.833
1994 26.840.523 1,196,030 43.606.733
1995 28.435.809 863.912 45.867.426
1996 31.314.756 1.007.453 43.122.143
1997 31,864.782 1.134.380 45.660.437
1998 33.494.276 1.765.997 29.766,176
1999 37.525.208 1.800.314 33.007.428
110
Auxiliary Capital Debt Intergovernmental lo'a'i
Services* Outlay Service Expenditures Miscellaneous ExpEn iti'es
8 8,528.763 8 679.565 $ 485.929 8 741.208 8 1,713.701 8 54,7-9. 3'3
7.761,470 2.164.396 461.193 810.111 1.129,079 70,1-2, 3'C
10.109.482 4.507.019 174.194 809.896 3.572.646 81,1°2.379
8.737,127 1.919.586 315.046 667.306 3.756.189 79.7:8.383
8.313.101 5.006.189 181,228 678.046 4.439.223 68.4 2. 162
8.860.831 3.594.276 154.507 522.232 7.861.329 89.9,2. 168
7.063.067 6,077,085 107.963 559.388 2.330.118 88.0 7. 117
8.159.490 6.574.292 289.363 486.365 1.154.747 90.4 8_ '23
8.715.697 8,331.072 479,925 526,430 1,073,351 30,611_"4
8,530,670 5,816.220 440,714 566.169 1.263.079 82.8 0, 348
*Auxiliary Services includes culture and recreation, conservation of natural
resources. and economic assistance.
General governmental expenditures include expenditures of General, Special
Revenue. Capital Projects, and Expendable Trust Funds.
Charges for Fines and Miscellaneous
Services Forfeitures Revenue Fees Total Revenue
$ 2.102.201 8 66,941 $ 4.502.642 8 2,221,264 8 66,278.613
1.975.095 56.652 4.121.565 2.473,394 70,947.255
2.009.366 34.275 5,321.336 2.850,764 75,961,382
3.291.217 36.407 3.361.712 3,180.126 79.200 969
4,700.961 30.910 3,191,184 3,476.797 83.043,138
4,149,997 28.583 3,820.161 3.425.702 86.591.990
4,939,667 24.345 3,913.650 2,762,388 87.084,402
5.785,192 23.301 12.271.411 2.897.598 99.637.101
4,116.160 35,264 4,555.678 3.547,667 77.281.218
4,095.362 63,088 3,851.517 3.733,683 84.076.600
General revenue includes revenue of General . Special Revenue, Capital Projects
and Expendable Trust Funds.
111
COUNTY OF WELD
STATE OF COLORADO
Property Value, Construction. Bank Deposits
and Other Economic Indicators
(Unaudited)
Last Ten Years
Value Di Crop
Property Value Estimated & Livestock
Estimated Actual Construction Bank Deposits Retail Sales Prodictior
Year value (millions) Building Permits (millions) (millions) (millions) (thousand:,)
(3) (2) (2) (1) (1) (1:
1990 $ 5.572.70 1.670 $ 32.50 $ 756.90 $ 1,744.90 $ 1 226
1991 6.273,90 1.923 42.00 905.10 2,282.00 1 068
1992 6.191,50 2,020 42.00 839.00 1,555.00 1 128
1993 7,176.40 2.348 57.30 803.76 1,789.50 1 275
1994 7,390.40 2.236 62.95 928.24 2.005.00 1 184
1995 7.930.17 1.614 45.37 1,006.86 2.007,00 1 205
1996 7,607.03 1.721 55.74 1,089.32 2.271.43 1 730
1997 8.582.62 1.773 70.75 1.244.73 2.403.42 1 187
1998 9,037.15 1.760 99.57 1.524.38 2.583.89 1 243
1999 9,524.87 2,087 117.44 1.582.80 2.724.80 1 154
* Information not available.
Data Sources:
(1) EDAP - Greeley/Weld Economic Develoment Action Partnership.
(2) Weld County Planning and Building Ispection Departments.
(3) Weld County Comprehensive Annual Fiancial Report.
112
COUNTY OF WELD
STATE OF COLORADO
Property Tax Levies and Collections
(Unaudited)
Last Ten Years
Total
Total Current Percent Delinquent Total Ot.tscandin,
Levy Collection Original Tax Tax of Levy Tax Tax ['el inque(t.
Year Year Levy Collections Collected Collections Collections Tixes
1990 1990 $ 21.336.977 $ 21.037.446 98.60 $ 87,901 $ 21.125.347 $ 362.040
1991 1991 22,459.831 22,228,600 98.97 311,671 22,540.271 186,342
1992 1992 23,752,395 23.608,438 99.39 104.726 23.713.164 )68,201
1993 1993 23.773,780 23.653.525 99.49 60,584 23.714,109 178,9:6
1994 1994 24.920.742 24,793,121 99.49 65,403 24.858,524 )05,4'4
1995 1995 27,473.515 27.308.264 99.40 64,220 27.372.484 '81,770
1996 1996 29.618.111 29,460,936 99.47 121,172 29,582.108 167,5.8
1997 1997 29,246,805 28.843,296 98.62 91,804 28.935.100 355,264
1998 1998 32.543.342 32.222.578 99.01 108.995 32.331.573 416,373
1999 1999 34.162.938 34,094.225 99.80 68.396 34,162.621 34,78
COUNTY OF WELD
STATE OF COLORADO
Assessed and Estimated Actual Value of Property
(Unaudited)
Last Ten Years
Real Property (1) Personal Property (2) Total
Levy Assessed Estimated Assessed Estimated Assessed Estimates
Year Value Actual Value Value Actual Value Value (4) Actual Value
1990 $ 807.052.260 $ 5,627.979,497 $ 99.979.210 $ 344.755,897 $ 907.031.470 8 6,37£ .735,394
1991 845.519.470 5.896.230,613 109,525.160 377,672,966 955.044.630 n, ?7;.903,`_79
1992 820.834,330 5,724,088,773 135.566.770 467,471,621 956,401,100 ,.19_.560.394
1993 859.726.540 6.685.276.361 142.446.590 491.195.138 1.002,173,130 , ]7s ,471.499
1994 958.849.570 6.836.859.318 160.423.580 553.184,759 1,119,273.150 . 39( .044.077
1995 1,027,364,600 7,317,227,471 177,752,250 612.938,793 1,205,116.850 . 33i. .166.264
1996 987,014.993 6,971,201.156 184.390,364 635.828,841 1,171,405.357 . i0. .029.297
1997 1,115,923.550 7.914.137,072 193.859.950 668.482,586 1.309,783,500 3. 18. .619,6`8
1998 1,177,632.350 8.344.493.359 200,869.820 692.654,552 1,378,502,170 'x.13 .147.911
1999 1,267,726.630 8.912.720.454 177.524.250 612,152.586 1,445,250.880 '. 32,1,873.040
(1) Residential improved land and improvements at 12.86% of 1991 to June 30. 1992 replacement costs as
determined by State law.
(2) Commercial improved land, improvements. and personal property at 29% of 1989 to June 30. 1990 replacement
costs, as determined by State law.
(3) Total includes audit of oil and gas values understated by producers in 1990.
(4) State assessed value is deducted from total assessed value as state property is not taxable.
113
COUNTY OF WELD
STATE OF COLORADO
Property Tax Levies - Direct and Overlapping Governments
(Unaudited)
Last Ten Years
Levy Collection School Junior
Year Year Cities Districts County College 0t.he"
Tax Levies
1990 1990 543.4400 770.24 20.8900 5.3300 198 ''4)0
1991 1991 531.5700 741.70 22.2100 5.9200 242 63)0
1992 1992 587.7900 762.50 22.4600 5.9900 252 '4)0
1993 1993 595.7700 753.42 22.4600 6.3400 242 .1010
1994 1994 593.5000 747.48 22.4600 6.3200 239 1,310
1995 1995 575.8300 719.57 22.0400 6.1500 220 ',8]0
1996 1996 565.9900 694.28 22.0400 6.3200 245 210
1997 1997 541.6000 710.62 22.0400 6.2500 237 810
1998 1998 508.4700 724.65 22.0400 6.3200 346 '210
1999 1999 522.1500 717.98 22.0400 6.2500 346 '770
Tax Revenues
1991 1991 $ 5.644,875 $ 46,894.420 $ 21.336.977 $ 4,939.571 $ 6.929 833
1992 1992 5,838,481 45.723.479 22,459.831 5,449.422 7,355 376
1993 1993 6,107,177 48.665.910 23,752.395 5.760.833 7,747 231
1994 1994 6.155.382 48,258,097 23.773.780 6.118.008 7,099 152
1995 1995 6.243,780 49.387,551 24,920,742 6.376.268 7,479 217
1996 1996 6,705,795 52,888.144 27,473,515 6.988.393 8.512 012
1997 1997 7.599.166 56.390,200 29,675,966 7.714.651 9.992 137
1998 1998 8.094.430 61,343.860 29,306,985 7.520.384 9.65c E39
1999 1999 9.174.205 67,344,547 32,608,877 8.397.821 10.629 2)5
2000 2000 9.712.451 70.210,998 34,162.938 8.656.280 11.301 813
The basis for the property tax rates is per $1,000 assessed valuation.
114
COUNTY OF WELD
STATE OF COLORADO
Special Assessment Collections
(Unaudited)
Last Ten Years
Current Current Ratio of Total
Assessments Assessments Collections Outstanding
Year Due Collected To Amount Due Assessments
1990 (1) 8 194.773 $ 194.773 100 $ 794.535
1991 (2) 188.602 188.602 100 742.081
1992 (3) 521,076 521,076 130 628,605
1993 (4) 335.532 335.532 100 679.639
1994 (5) 213.990 213.990 100 465.649
1995 (5) 243.621 243,621 100 222,028
1996 (6) 92.291 92.291 100 235.343
1997 (5) 46.012 46.012 100 189,331
1998 (7) 57.017 57.017 100 163,210
1999 (5) 40,060 40,060 100 123.150
Notes:
(1) 71st Avenue Special Assessment of $74.600.
(2) Basswood Special Assessment of $11. 508. Eighty-third Avenue Special
Assessment of 8124,640.
(3) Roads 15 & 84 Special Assessment of $357.600. Weld County Road 34 Special
Assessment of 825,000. Weld County Road 32 Special Assessment of $25,000.
(4) Weld County Road 8 Special Assessment of $114,000. Road 38 $53,035, Johnson
Subdivision $48,236. and Arrowhead Subdivision $171.294.
(5) No new special assessments.
(6) Roth Subdivision $86,456. Delwood Special Assessment $19.150.
(7) Martin Brothers Special Assessment $30,896.
115
COUNTY OF WELD
STATE OF COLORADO
Computation of Legal Debt Margin
(Unaudited)
December 31, 1999
Assessed Value, 1999 $1,635,952,880
Debt Limit 3 Percent of Assessed Value 49,078,58'0
Amount of Debt Applicable to Limit:
Total Bonded Debt $ 0
Installment Purchase Agreements 0
Total Amount of Debt Applicable to
Debt Limit 0
Legal Debt Margin $ 49,078,586
Debt Limitation: Under Section 30-35-201, Colorado Revised Statutes, 1973, the County ma;. _n ur
indebtedness for general County purposes in an amount not to exceed 3% of assessed valuation c'
all taxable property.
116
COUNTY OF WELD
STATE OF COLORADO
Demographic Statistics
(Unaudited)
Last Ten Years
Estimated Total Per Median Population N.ous!n4�
Year Population Median Age Personal Income Capita Income Family Income Per Household Jnits
1990 131.821 30.50 $ 2.095.000.000 $ 15.874 E 30.800 2.70 47.556
1991 133.400 ** 2.204.000.000 15.592 ** ** **
1992 137,621 ** 2,219,278.000 16.315 ** ** *"
1993 141,492 ** 2.486.014.000 17,714 ** ** **
1994 140.320 ** 2.568.335.000 17,776 36.296 2.68 54.55:
1995 146,643 32.00 2.739.133.000 18.475 40.524 2.68 56.20'
1996 149.332 32.30 2.930.552.000 19.328 41.693 2.68 56.844
1997 154.930 32.50 3.116.653.000 20.038 41.704 2.73 57. i8
1998 157.873 32.80 3.281.629.000 20.209 40.561 2.70 5;.:A.'.
1999 162.253 33.10 3.471.677.000 21.723 43.301 2.7D 61 .4.3
Source: Greeley/Weld Economic Development Office (EDAP)
* Actual not available - Information is estimated
** Information is not available
117
COUNTY OF WELD
STATE OF COLORADO
Principal Taxpayers
(Unaudited)
December 31, 1999
Percent
1998 Of Total
Assessed Assessed
Valuation Valuation
HS Resources Inc $112,716,210 6.89%
Public Service Company of Colorado 67,361,300 4.12%
Patina Oil & Gas Corporation 66,141,250 4.04%
Eastman Kodak Company 60,711,490 3,714
US West Communications Inc 20,638,500 1..26"%
Duke Energy Field Services Inc 17,216,090 1.05%
North American Resources Company 16,074,610 .98%
Hewlett Packard 11,580,870 .71%
Prima Oil & Gas Company 10,943,260 .67%
RR Donnelley & Sons Company 9,380,340 .57%
$392,763,920 24.004
I!8
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics
(Unaudited)
December 31, 1999
1. Date of Incorporation: 1861
2. Form of Government: Home Rule Charter
3. Date Present Charter Adopted: January 1, 1976
4. Area - Square Miles: 4,004 square miles
5. County Seat: City of Greeley
6. Employees as of December 31, 1999: Elected Officials - 11
Department Heads - 11
Employees with Benefits - 1117
Employees without Benefits - 61
7. Miles of Roads: Paved - 685.53
Unpaved - 2510.85
Unmaintained - 332.90F
No. of
8. Bni_dino Permits: Year Permits Valuat: P
1990 1,670 $ 32,463, .
1991 1,923 $ 32,565, ED
1992 2,020 $
1993 2,348 $ 59.36E ,
1994 2,236 $ 62,952. ,E.
1995 1,E14
1996 1,721 45,745.
1997 1,773
1998 1.760 �_-
1999 2,087
1990 168,921
1991 173.967
1992 177,298
1993 187,638
1994 211,713
1995 247,579
1996 254,312
1997 257,445
1998 261,495
1999 273,191
10. Special Districts within County: 31 - Cities and Towns
17 . Schools
22 - Fire
19 - Water & Other
2 - Colleges
10 - Sanitation
11. Cities and Towns: Ault Garden City Longmont.
Brighton Gilcrest Head
Broomfield Greeley Milliken
Dacono Grover Ncrthgleui
Eaton Hudson Ncnn
Erie Johnstown Pierce
Evans Keensburg Platt e+:L L:
Firestone Kersey Rayner
Frederick. LaSalle Severa_ce
Ft. Lupton Lochbuie Windsor
Thornton
12. Recreation, Golf Courses 5
City and Regional Parks
Island Grove Recreational Complex
Greeley Recreation Center
119
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics - Continued
(Unaudited)
December 31, 1999
13. Libraries: Ault Town Library 16,645 lolumes
Eaton Library 10,846 lolumes
Fort Lupton Library 29,390 lolumes
Glen A. Jones Library 15,522 lolumes
Hudson Library 8,276 lolumes
Platteville Library 17,868 lolumes
University of No. CO 992,074 lolumes
Weld Library District 251,988 lo'.umes
Windsor Public Library 48,680 lo.um.es
14. Elections: Number of Number Percent of
Registered of Votes Registered
Voters Cast Voters toting
1990 General Election 68,148 37,927 61.1
1992 General Election 68,079 55,041 80.8
1993 Coordinated Election 64,161 25,044 39 0
1994 Generat Election 69,887 41,075 58.8
1995 Coordinated Election 67,572 21,882 32 4
1996 General Election 78,700 55,313 70.3
1997 Coordinated Election 83,856 22,745 27
1998 General Election 91,156 47,212 51 8
1999 Coordinated Election *60,536 21,989 36 3
*number of active registered voters
15. Media: Newspapers: The Greeley Tribune
Town E. Country News
Aims College World
The Mirror (UNC)
North Weld Herald
Farmer 8 Miner
Keene Valley Sun
Johnstown Breeze
Ft. Lupton Press
Platteville Herald
Windsor Beacon
Erie Echo
Ft. Morgan Times
LaSalle Leader
Platte Valley Voice
The Centennial News
Radio Stations:KFKA/KVVS
KGRE/KHNC
KUAD AM 8 FM
KUNC FM
Television: Receives commercial and public
television originating from both
Denver and Cheyenne stations;
also cable television.
16. Sales Tax as of December 31, 1999: State - 3%
Source: Weld County offices.
Individual Libraries
120
COUNTY OF WELD
STATE OF COLORADO
Insurance In Force
(Unaudited)
December 31, 1999
Policy Policy Period Details of lnnual
Name of Company Number Begins Expires Coverage Liability Limits Premium
National Union 415-5237 01/01/99 12/31/99 Excess Worker's Employer's Liabilit}
Fire Insurance Co Compensation $1,000,000/Accident
Workers Compensation
Statutory Limits with
County Retaining First
$300,000 each claan E 27.572
St.Paul Fire and Marine GP09100365 07/01/99 12/31/99 Property Damage, Property: $50,000,060 "
Insurance Company Automobile Occupancy/$500 Deducritle
(Colorado Counties Liabilities All Liability: $250,0/0
Casualty & Property General Liability, Person: $600,000/Cla m
Pool) Public Officials Excess Liability: (Eede,al
and Out-of-State Gil ')
$1,750,000/Person tx :e-s
$250,0St.Paul Fare and Marine GP09100366 Excess Casualty Excess 0$4 $600,0707[ a:rr
Insurance Company `$400,000
( Crime: duct,ble/Lets
Colorado Counties
Property $500 Deductible
Casualty & Pro R y Property Claim
Pool) County retaining first •_19,3:0
$125,000 each clam
St.Paul Fire and Marine OP09100365 Boiler & Machinery
Insurance Company
(Colorado Counties
Casualty & Property
Pool)
121
COUNTY OF WELD
STATE OF COLORADO
Salaries of Principal Officials
(Unaudited)
December 31,1999
ELECTED OFFICIALS:
Commissioners $ 48,000
Clerk & Recorder $ 56,000
Treasurer $ 56,000
Assessor $ 56,000
Sheriff $ 64,000
District Attorney $ 90,000
County Coroner $ 56,000
APPOINTED:
County Attorney $ 107,764
Director of Planning $ 82,977
Director of Finance and Administration $ 145,670
Director of General Services/
Purchasing/Personnel $ 105,683
Director of Ambulance Services $ 87,212
Director of Social Services $ 93,455
Director of Health Department $ 86,355
Director of Human Services $ 91,129
Comptroller $ 86,955
Public Works Operations Manager $ 84,672
Public Works Director $ 95,739
Surety Bond Coverage for Principal Officials
(Unaudited)
December 31, 1999
District Attorney $ 5,000
Commissioner $ 25,000
Treasurer $ 250,000
Sheriff $ 20,000
Assessor $ 6,000
Coroner $ 25,000
County Clerk $ 25,000
County Clerk (Titles & Deeds) $ 5,000
Director of Finance and Administration $ 100,000
Note: All bonds are issued by the St. Paul Insurance Company and are on file with the Well
County Clerk and Recorder.
122
COUNTY OF WELD
STATE OF COLORADO
Private Purpose Revenue Bonds
(Unaudited)
December 31, 1999
INDUSTRIAL REVENUE BONDS:
DEBT ( E:VEN:IO FONDS
TYPE OF ISSUE OUTSTANDING CUTS':,JU:NG
ISSUER FACILITY AMOUNT DATE BEGINNING YR. ISSUED RETIRED END OF YF..
Monfort Inc. $4,1000,000 1/92 $ 4,100,000 $ 0 $ 0 $ 4, L00 300
Waste Service Corp Landfill 860,000 2/91 675,000 0 30,000 543 800
Waste Service Corp Landfill 2,500,000 2/91 2,035,000 0 85,000 1, )50 ')40
RVNA Rome Care Srv. Inc Office 501,000 7/97 486,651 0 11613 ]:'S 138
Weld Mental Health Office 650,000 6/84 150,000 0 70,600 80 940
Greeley Center for Therapeutic
Independence, Inc. Ctr 1,350,000 8/96 1,269,238 0 38,689 1, 230, 549
Centennial Area
Health Ed Central Office 388,000 5/99 0 388,000 4,665 383. 325
GSSLB Assoc. Nursing
Nursing Home Home 2,020,000 10/98 2,020,000 0 C 2 020_)::0
TOTAL PRIVATE PURPOSE REVENUE BONDS $10,735,889 $ 388,000 $ 239,5_7 010,384. 362
123
COUNTY OF WELD
STATE OF COLORADO
Computation of Overlapping Bonded Debt
General Obligation Bonds
December 31, 1999
Net General
Obligation Percentage Amount
Bonded Debt Applicable to Applicab L tt
Jurisdiction Outstanding Government Governor=_nt
Cities & Towns $ 69,532,566 70.05% $ 48, 70' , 34.
Schools 412,934,710 43.03% 177, 59" , L7'
Special Districts 45,305,343 75.18% 34,06(152 '
Total Overlapping $527,772,619 $260,46144
124
7£1
MO 11)35
3)tstvta1dP4O)
KENNEDY AND COE,LLC
INDEPENDENT AUDITORS' REPORT
ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL
REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS
PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To The Board of County Commissioners
County of Weld, State of Colorado
Greeley, Colorado
We have audited the general purpose financial statements of County of Weld, State of Colorado, as of
and for the year ended December 31, 1999, and have issued our report thereon dated May 8, 2000.
We conducted our audit in accordance with generally accepted auditing standards and the standards
applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller
General of the United States.
Compliance
As part of obtaining reasonable assurance about whether Weld County's general purpose
financial statements are free of material misstatement, we performed tests of its compliance
with certain provisions of laws, regulations, contracts, and grants, noncompliance with which
could have a direct and material effect on the determination of financial statement amounts.
However, providing an opinion on compliance with those provisions was not an objective of our
audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no
instances of noncompliance that are required to be reported under Government Auditing
Standards. However, we noted other matters involving immaterial instances of noncompliance,
which we have reported to management of County of Weld, State of Colorado, in a separate
letter dated May 8, 2000.
Internal Control Over Financial Reporting
In planning and performing our audit, we considered Weld County's internal control over
financial reporting in order to determine our auditing procedures for the purpose of expressing
our opinion on the general purpose financial statements and not to provide assurance on the
internal control over financial reporting. Our consideration of the internal control over financial
reporting would not necessarily disclose all matters in the internal control over financial reporting
that might be material weaknesses. A material weakness is a condition in which the design or
operation of one or more of the internal control components does not reduce to a relatively low
level the risk that misstatements in amounts that would be material in relation to the general
purpose financial statements being audited may occur and not be detected within a timely
period by employees in the normal course of performing their assigned functions. We noted no
matters involving the internal control over financial reporting and its operation that we consider
to be material weaknesses. However, we noted other matters involving the internal control over
financial reporting, which we have reported to management of County of Weld, State of
Colorado, in a separate letter dated May 8, 2000.
1901 56th AVENUE, SUITE 200,GREELEY,CO 80634-2950. PHONE(970)330-8860. FAX(970) 330-6680. WWW.KCC E C0M
Memters d Mredon Imlelle d Cer11W Pubic Acccuibints. Offices N Names,Nebraska.Marano and Colorado
125
To The Board of County Commissioners
This report is intended soley for the information and use of the Board, management, and federal
awarding agencies and pass-through entities and is not intended to be and should not be used
by anyone other than these specified parties.
May 8, 2000 at "C-
126
KENNEDY AND WE,LLC
INDEPENDENT AUDITORS'
REPORT ON COMPLIANCE WITH REQUIREMENTS
APPLICABLE TO EACH MAJOR PROGRAM AND ON INTERNAL CONTROL
OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133
To The Board of County Commissioners
County of Weld, State of Colorado
Greeley, Colorado
Compliance
We have audited the compliance of County of Weld, State of Colorado, with the types of
compliance requirements described in the U.S. Office of Management and Budget (OMB)
Circular A-133 Compliance Supplement that are applicable to each of its major federal
programs for the year ended December 31, 1999. Weld County's major federal programs are
identified in the summary of auditors' results section of the accompanying schedule of findings
and questioned costs. Compliance with the requirements of laws, regulations, contracts, and
grants applicable to each of its major federal programs is the responsibility of Weld County's
management. Our responsibility is to express an opinion on Weld County's compliance based
on our audit.
We conducted our audit of compliance in accordance with generally accepted auditing
standards; the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States; and OMB Circular A-133,
Audits of States, Local Governments, and Non-Profit Organizations. Those standards and OMB
Circular A-133 require that we plan and perform the audit to obtain reasonable assurance about
whether noncompliance with the types of compliance requirements referred to above that could
have a direct and material effect on a major federal program occurred. An audit includes
examining, on a test basis, evidence about Weld County's compliance with those requirements
and performing such other procedures as we considered necessary in the circumstances. We
believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a
legal determination of Weld County's compliance with those requirements.
In our opinion, County of Weld, State of Colorado, complied, in all material respects with the
requirements referred to above that are applicable to each of its major federal programs for the
year ended December 31, 1999.
Internal Control Over Compliance
The management of County of Weld, State of Colorado, is responsible for establishing and
maintaining effective internal control over compliance with the requirements of laws,
1901 56th AVENUE,SUITE 200, GREELEY, CO 80634-2950. PHONE(970)3308860. FAX(970)330-6680. WWW.KCOE COM
Members of American Insittute of Cxalled Pubic Accountants Offices Xi Kansas.Nabeaka.Mahan and Cobndo
127
To The Board of County Commissioners
regulations, contracts, and grants applicable to federal programs. In planning and performing
our audit, we considered Weld County's internal control over compliance with requirements that
could have a direct and material effect on a major federal program in order to determine our
auditing procedures for the purpose of expressing our opinion on compliance and to test and
report on internal control over compliance in accordance with OMB Circular A-133.
Our consideration of the internal control over compliance would not necessarily disclose all
matters in the internal control that might be material weaknesses. A material weakness is a
condition in which the design or operation of one or more of the internal control components
does not reduce to a relatively low level the risk that noncompliance with applicable
requirements of laws, regulations, contracts, and grants that would be material in relation to a
major federal program being audited may occur and not be detected within a timely period by
employees in the normal course of performing their assigned functions. We noted no matters
involving the internal control over compliance and its operation that we consider being material
weaknesses.
Schedule of Expenditures of Federal Awards
We have audited the general purpose financial statements of County of Weld, State of
Colorado, as of and for the year ended December 31, 1999, and have issued our report thereon
dated May 8, 2000. Our audit was performed for the purpose of forming an opinion on the
general purpose financial statements taken as a whole. The accompanying schedule of
expenditures of federal awards is presented for purposes of additional analysis as required by
OMB Circular A-133 and is not a required part of the general purpose financial statements.
Such information has been subjected to the auditing procedures applied in the audit of the
general purpose financial statements and, in our opinion, is fairly stated, in all material respects,
in relation to the general purpose financial statements taken as a whole.
This report is intended soley for the information and use of the Board, management, and federal
awarding agencies and pass-through entities and is not intended to be and should not be used
by anyone other than these specified parties.
May 8, 2000 K one Cr, «L
128
COUNTY OF WELD
STATE OF COLORADO
Schedule of Expenditures of Federal Awards
For the Fiscal Year Ended December 31, 1999
Federal Granting Agency/Recipient State Agency Federal
Grant Program CFDA # Expenditures
DEPARTMENT OF AGRICULTURE:
Direct Payment:
Bank Head Jones Act N/A 38,700
Pass Through Payments from the State of Colorado
Department of Human Services:
Food Stamp Program* 10.551 4,658,273
Child and Adult Care Food Program 10.558 175,958
State Administrative Matching Grants 10.561 328,957
for Food Stamp Program*
Commodity Supplemental Food Program* 10.565 355,801
Food Distribution (Cash in lieu of commodities)* 10.550 246,419
Emergency Food Assistance Program (Admin. Costs) 10.568 17,049
Total Department of Agriculture 6,321 ,157 _
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
Direct Payments:
Section 8 Rental Certificate Program* 14.857 703,290
Section 8 Rental Voucher Program* 14.855 907,465
Total Department of Housing and Urban Development 1 ,610,755
DEPARTMENT OF THE JUSTICE:
Pass Through Payments from the State Division of
Criminal Justice:
Juvenile Justice & Delinquency Prevention- 16.540 66,733
Allocation to States
Crime Victim Assistance 16.575 6,940
Crime Victim Compensation 16.576 49,629
Total Department of Justice 123,302
DEPARTMENT OF LABOR:
Pass Through Payments from the Colorado Department
of Labor:
Employment Service 17.207 353,353
Welfare to Work Grants 17.253 74,023
Disabled Veterans' Outreach Program (DVOP) 17.801 5,938
129
COUNTY OF WELD
STATE OF COLORADO
Schedule of Expenditures of Federal Awards
For the Fiscal Year Ended December 31, 1999
Federal Granting Agency/Recipient State Agency Federal
Grant Program CFDA # Expenditures
Pass Through Payments from the State of Colorado
Job Training Partnership Act:
Employment & Training Assistance/Dislocated Workers* 17.246 246,717
Job Training Partnership Act* 17.250 583,354
Total Department of Labor 1 ,263,385
DEPARTMENT OF TRANSPORTATION:
Pass Through from the Colorado Department of Highways:
Federal Transit Capital & Operating 20.507 59,280
Assistance Formula Grants
Total Department of Transportation 59,280
ENVIRONMENTAL PROTECTION AGENCY
Direct Payments:
Air Pollution Control Program Support 66.605 50,079
Total Environmental Protection Agency 50,079
DEPARTMENT OF HEALTH AND HUMAN SERVICES:
Direct Payments:
Head Start* 93.600 3,384,309
Pass Through Payments from the State of Colorado
Department of Human Services:
Special Programs for the Aging - Title III 93.044 201 ,947
Part B - Grants for Supportive Services & Senior Centers
Special Programs for the Aging - Title III 93.045 181 ,324
Part C - Nutrition Services
Special Programs for the Aging - Title III 93.046 7,983
Part D - In Home Services for Frail Older Individuals
Special Programs for the Aging - Title VII 93.041 166
Chapter 3 - Prevention of Abuse, Neglect & Exploitation
of Older Individuals
Special Programs for the Aging - Title VII
Chapter 2 - Long-term Care Ombudsman Services 93.042 154
for Older Individuals
Special Programs for the Aging - Title III
Part F - Disease Preventive and Health Promotion Serv. 93.043 15,684
Family Preservation and Support Services 93.556 34,065
Refugee and Entrant Assistance- 93.566 555
State Administered Programs
Temporary Assistance for Needy Families 93.558 886,583
130
COUNTY OF WELD
STATE OF COLORADO
Schedule of Expenditures of Federal Awards
For the Fiscal Year Ended December 31 , 1999
Federal Granting Agency/Recipient State Agency Federal
Grant Program CFDA # Expenditures
Child Support Enforcement* 93.563 1,378,352
Low Income Home Energy Assistance* 93.568 803,568
Independent Living 93.674 7,162
Child Care Mandatory & Matching Funds 93.596 1 ,565,042
of the Child Care and Development Fund*
Child Care and Development Block Grant* 93.575 253,756
Child Welfare Services - State Grants 93.645 164,297
Title IV-E, Foster Care* 93.658 1,133,468
Adoption Assistance 93.659 302,791
Social Services Block Grant* 93.667 1 ,523,498
Medical Assistance Program* 93.778 315.332
Pass through from State Department of Health Care Policy 93.778 ' 77.883
and Finance for Single Entry Point Program
Pass Through from the Department of Local Affairs:
Community Services Block Grant 93.569 64,844
Community Services Block Grant N/A 11 ,868
Pass Through Payments from the State Department
of Health:
TB Control Programs 93.116 46,202
Family Planning Services 93.217 87,094
Abstinence Education 93.235 26,637
Immunization Grants 93.268 29,234
Cancer Control 93.399 54,661
Outpatient Early Intervention Services with 93.918 27,672
respect to HIV Disease
Breast and Cervical Cancer Early Detection Programs 93.919 24,280
HIV Prevention Activities 93.940 3,917
Sexually Transmitted Diseases Control Grants 93.977 5,951
Diabetes Control Programs and Evaluation of Surveillance 93.988 1 ,467
Preventive Health & Health Services Block Grant 93.991 58,747
Maternal & Child Health Services Block Grant to the States 93.994 353,125
Miscellaneous N/A 9,172
Total Department of Health and Human Services 13,242,790
TOTAL FEDERAL EXPENDITURES $22,670,748
*Major Program
(See Notes to Schedule of Expenditures of Federal Awards)
131
COUNTY OF WELD
STATE OF COLORADO
Notes to Schedule of Expenditures of Federal Awards
For the Fiscal Year Ended December 31, 1999
Note 1 — Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the
federal grant activity of the County of Weld, Colorado and is presented on the
accrual basis of accounting. The information in this schedule is presented in
accordance with the requirements of OMB Circular A-133, Audits of States, Local
Governments, and Non-Profit Organizations. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the
preparation of the basic financial statements.
Note 2 — Commodity Supplemental Food Program
Nonmonetary assistance is reported in the schedule at the fair market value of
the commodities distributed during the year. At December 31, 1999, the County
had food commodities totaling $215,194 in inventory, with a corresponding
amount reported as deferred revenue to be realized when distributed.
132
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended December 31, 1999
SUMMARY OF AUDIT RESULTS
1. The auditors' report expresses an unqualified opinion on the general purpose financial state-
ments of County of Weld.
2. No reportable conditions relating to the audit of the financial statements are reported in the
Independent Auditors' Report on Compliance and on Internal Control over Financial Reporting
Based on an Audit of Financial Statements Performed in Accordance with Government Auditing
Standards.
3. No instances of noncompliance material to the general purpose financial statements of County of
Weld were disclosed during the audit.
4. No reportable conditions relating to the audit of the major federal award programs are reported in
the Independent Auditors' Report on Compliance with Requirements Applicable to each Major
Program and on Internal Control over Compliance in Accordance with OMB Circular A-133.
5. The auditors' report on compliance for the major federal award programs for County of Weld
expresses an unqualified opinion on all major federal programs.
6. Audit findings relative to the major federal award programs for County of Weld are reported in this
Schedule.
7. The programs tested as major programs included:
4 Food Stamp Program • Job Training Partnership Act O Head Start
4 Title IV-E, Foster Care + Child Support Enforcement v Social Services Block Grant
C. Employment and training C. Section 8 Rental Certificate S Section 8 Rental Voucher
assistance/dislocated workers Program Program
Commodity Supplemental r Low Income Home Energy r Child Care and Development
Food Program Assistance Block Grant
t Food Distribution(Cash in Medical Assistance Program fi State Administrative Matching
lieu of commodities) Grants for Food Stamp Program
Child Care Mandatory and
Matching Funds of the Child
Care and Development Fund
8. The threshold for distinguishing Types A and B programs was $713,000.
9. County of Weld was determined to be a low-risk auditee.
FINDINGS- FINANCIAL STATEMENT AUDIT
None
FINDINGS AND QUESTIONED COSTS- MAJOR FEDERAL AWARD PROGRAMS AUDIT
None
133
COUNTY OF WELD
STATE OF COLORADO
SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS
Year Ended December 31, 1999
None
134
SVPPL£M£NTAL
INFORMATION
HOVS£ DILL loos
REPORTING R£QV1R£M£NTS
KENNEDY AND COE,ILC
INDEPENDENT AUDITORS' REPORT
To The Board of County Commissioners
County of Weld, State of Colorado
Greeley, Colorado
We have audited, in accordance with generally accepted auditing standards, the general purpose
financial statements of County of Weld, State of Colorado, as of and for the year ended December 31,
1999, and have issued our report thereon dated May 8, 2000.
The accompanying Annual Statement of Receipts and Expenditures for Roads, Bridges and Streets of
Weld County, as of and for the year ended December 31, 1999, is not a presentation in conformity with
generally accepted accounting principles. In our opinion, however, the accompanying financial
information is fairly stated, in all material respects, in relation to the general purpose financial
statements from which it has been derived.
May 8, 2000 � �.,„, la v Q co,, i.lc.
1901 56th AVENUE, SUITE 200, GREELEY, CO 80634.2950. PHONE(970)330-8860. FAX(970) 330-6680. WWW.KCOE.COM
Members of Marken irste,r of Cslfied Pubic Accountants Office.In Knee.NeMeske.°Marone and Cnbedo
135
COUNTIES, CITIES, & TOWNS ANNUAL STATEMENT OF RECEIPTS
& EXPENDITURES FOR ROADS, BRIDGES AND STREETS
'COUNTY/CITY/TOWN: Weld (Please circle county,city, or town)
CALENDAR YEAR OF REPORT: 1999
(ROUND ALL AMOUNTS TO.NEAREST DOLLAR)
I. SCHEDULE OF RECEIPTS FOR ROAD, BRIDGE AND STREET PURPOSES
A. LOCAL SOURCES C. STATE SOURCES
1. Property Tax/Special Assessments 2,411 ,379 1. Highway Users Tax ,6 74,624
2. General Fund Appropriations 381,485 2. Motor Vehicle Registration Fees 300,933
3. Other(specify) See Attached 491,344 3. Other(specify) 196,232
4. Traffic Fines TOTAL (C) STATE SOURCES 8 1 71.789
5. Sales Tax
6a. From County (specify) D. FEDERAL SOURCES
b. City/Town(specify) 1. Forest Service 12,2 3 7
7. Bond Proceeds (net of issuance cost) 2. Mineral Leasing -,8,799
8. Note Proceeds (net of issuance cost) 3. Payments in Lieu of Taxes 9 ,48
9. Specific Ownership Taxes 3.978.697 4. FEMA 114 ?113
5. HUD
6. Other(specify)
TOTAL (A)LOCAL SOURCES 7,262,905 TOTAL (D) FED. SOURCES 244,721
B. PRIVATE CONTRIBUTIONS
E. TOTAL RECEIPTS (A+B+C+D) 41 ___
F. UNSPENT BALANCES BEGINNING OF YEAR 4 ,398,016
(must equal ending balance of previous year)
G. TOTAL RECEIPTS AND BALANCES(E+F) 20,077,431
(Revised 02/00)
136
II. SCHEDULE OF EXPENDITURES FOR ROAD, BRIDGE AND STREET
PURPOSES
A. DIRECT HIGHWAY EXPENDITURES
1. Richt-of-Way
2. Preliminary and Construction Engineering
A. Construction-Capacity Improvements
B.Construction- System Preservation
C.Construction - Safety Improvements
3. Total Construction 1 ,5C7 ,842
4. Maintenance of Condition —2,424,54 5
5. Snow and Ice Removal 2,019,427
6. Traffic Services 1 ,007 ,813
7. Administration 510,186
8. Traffic Enforcement
TOTAL (A)DIRECT HIGHWAY EXPENDITURES 14,466,013
B. DEBT PAYMENTS ON BONDS AND NOTES
I. Interest on Bonds
2. Interest on Notes
3. Redemption on Bonds(net value)
4. Redemption on Notes (net value)
TOTAL(B)DEBT PAYMENTS
C. PAYMENTS TO OTHER GOVERNMENTS
I a. To County(specify)
b. To City(specify) See Attached 565 , 169
2. To Dept. of Trans.
TOTAL(C) PAYMENTS TO OTHER GOVERNMENTS 565, 169
D. OTHER HIGHWAY PURPOSES
(specify)
E.TOTAL EXPENDITURES(A+B+C+D) 15,032 , 182
F. BALANCES END OF YEAR 5,043 ,249
(unspent receipts)
G. TOTAL EXPENDITURES AND BALANCES(E+F) 20,077 ,4 1 L
(Revised 02/00)
137
III. SCHEDULE OF CHANGE IN DEBT STATUS FOR ROAD,
BRIDGE AND STREET OBLIGATIONS
(show all entries at par value; face amount of issue)
BONDS NOTES
A. BONDS& NOTES OUTSTANDING BEGINNING OF YEAR
B.AMOUNT ISSUED DURING YEAR(par value)
Original issues this year
Refunding issues
C. AMOUNT REDEEMED DURING YEAR(par value)
From current receipts or reserves
From refunding issues
D. BONDS AND NOTES OUTSTANDING END OF YEAR
NOTE:
***TOTAL RECEIPTS & BALANCES MUST EQUAL TOTAL EXPENDITURES& BALANCES ***
PLEASE GIVE THE FOLLOWING INFORMATION FOR THE PERSON TO CONTACT FOR QUESTIONS
REGARDING THE REPORT.
NAME: Claud W. Hanes
PHONE: (970) 356-4000 Ext. 4444
FAX: (970) 352-9019
E-MAIL: chanes@co.weld.co.us
Revised(02/00)
138
WELD COUNTY, COLORADO
LOCAL SOURCES
OTHER (LINE 3)
Interest 12,628
Moving Permits 152,711
Charge for Services 291,554
Gain on sale of assets 21,065
Other 13,386
491,344
139
WELD COUNTY, COLORADO
Attachment to Annual Statement of Receipts
and Expenditures for Roads, Bridges and Streets
Item I I.C.1 b - Payments to City/Town
Town Amount
Ault $4,731
Dacono 5,520
Eaton 11 ,739
Erie 9,345
Evans 26,318
Firestone 6,008
Fort Lupton 45,706
Frederick 13,868
Garden City 2,444
Gilcrest 2,463
Greeley 324,231
Grover 231
Hudson 4,071
Johnstown 11 ,675
Keenseburg 2,373
Kersey 4,007
La Salle 6,153
Lockbuie 2,473
Mead 12,005
Milliken 5,333
Nunn 1 ,418
Pierce 2,978
Platteville 8,058
Raymer 173
Severance 1,655
Windsor 42,038
Brighton 2,2O3
Northglen 51
Broomfield 211
Longmont 6,675
Berthoud 15
Total _ $566.169
140
Hello