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HomeMy WebLinkAbout830783.tiff COMPREHENSIVE ANNUAL !le FINANCIAL REPORT Year Ended December 31, 1982 COUNTY of WELD STATE of COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT COUNTY OF WELD STATE OF COLORADO YEAR ENDED DECEMBER 31 , 1982 Issued by: Department of Finance & Administration Donald D. Warden, Director Finance and Administration INTRODUCTORY SECTION +. 1 lURe. TABLE OF CONTENTS Page INTRODUCTORY SECTION Table of Contents 1 Letter of Transmittal 7 Municipal Finance Officers Association Certificate of Conformance 13 Organization Chart 14 Principal. County Officials 15 FINANCIAL SECTION GENERAL PURPOSE FINANCIAL STATEMENTS Auditor's Report 17 COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS 18 COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS 22 COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - ALL GOVERNMENTAL FUND TYPES 24 COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS/FUND BALANCES - ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS 26 COMBINED STATEMENT OF CONTRIBUTIONS - ALL PROPRIETARY FUND TYPES 27 COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS 28 NOTES TO FINANCIAL STATEMENTS 30 COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS AND SCHEDULES GENERAL FUND BALANCE SHEET 46 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE 47 Schedule 1 Schedule of Revenue Compared with Estimate 48 Schedule 2 Schedule of Expenditures Compared with Budget 50 Schedule 3 Schedule of Operating Transfers-In Compared with Extimate Schedule of Operating Transfers-Out Compared with Budget 52 1 TABLE OF CONTENTS - (Continued) Page SPECIAL REVENUE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS 53 COMBINING BALANCE SHEET 54 COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES 56 Schedule 1 Road and Bridge Fund - Schedule of Revenue Compared with Estimate 58 Schedule 2 Road and Bridge Fund - Schedule of Expenditures Compared with Budget Road and Bridge Fund - Schedule of Operating Transfers-In Compared with Estimate 59 Schedule 3 Social Services Fund - Schedule of Revenue Compared with Estimate 60 Schedule 4 Social Services Fund - Schedule of Expenditures Compared with Budget 61 Schedule 5 Federal Revenue Sharing Fund - Schedule of Revenue Compared with Estimate Federal Revenue Sharing Fund - Schedule of Operating Transfers-Out Compared with Budget 62 Schedule 6 Contingent Fund - Schedule of Revenue Compared with Estimate Contingent Fund - Schedule of Expenditures Compared with Budget Contingent Fund - Schedule of Operating Transfers- Out Compared with Budget 63 Schedule 7 Public Health Fund - Schedule of Revenue Compared with Estimate 64 Schedule 8 Public Health Fund - Schedule of Expenditures Compared with Budget Public Health Fund - Schedule of Operating Transfers-In Compared with Estimate 65 Schedule 9 Library Fund - Schedule of Revenue Compared with Estimate 66 Schedule 10 Library Fund - Schedule of Expenditures Compared with Budget Library Fund - Schedule of Operating Transfers-In Compared with Estimate 67 2 TABLE OF CONTENTS - (Continued) Page SPECIAL REVENUE FUNDS (Continued) Schedule 11 Human Resources Fund - Schedule of Revenue Compared with Estimate Human Resources Fund - Schedule of Operating Transfers-In Compared with Estimate 68 Schedule 12 Human Resources Fund - Schedule of Expenditures Compared with Budget 69 Schedule 13 Solid Waste Fund - Schedule of Revenue Compared with Estimate Solid Waste Fund - Schedule of Expenditures Compared with Budget Solid Waste Fund - Schedule of Operating Transfers-Out Compared with Budget 70 Schedule 14 Subdivision Park Site Fund - Schedule of Expenditures Compared with Budget 71 CAPITAL PROJECTS FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS 73 BALANCE SHEET 74 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 75 Schedule 1 Public Works Fund - County Buildings - Schedule of Revenue Compared with Estimate Public Works Fund - County Buildings - Schedule of Expenditures Compared with Budget Public Works Fund - County Buildings - Schedule of Operating Transfers-In Compared with Estimate 76 SPECIAL ASSESSMENT FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS 77 BALANCE SHEET 78 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 79 Schedule 1 Improvement District Number 1981-2 Elmore Road Schedule of Revenue Compared with Estimate Improvement District Number 1981-2 Elmore Road Schedule of Expenditures Compared with Budget 80 3 TABLE OF CONTENTS - (Continued) Page INTERNAL SERVICE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS 81 COMBINING BALANCE SHEET 82 COMBINING STATEMENT OF CHANCES IN CONTRIBUTED CAPITAL 83 COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS 84 COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION 85 Schedule 1 Motor Vehicle Fund - Schedule of Operating Revenue Compared with Estimate Motor Vehicle Fund - Schedule of Operating Expenses Compared with Budget Motor Vehicle Fund - Schedule of Non-operating Expenditures Compared with Budget 86 Schedule 2 Motor Vehicle Fund - Schedule of Non-operating Revenue Compared with Estimate Motor Vehicle Fund - Schedule of Fixed Asset Acquisitions Compared with Budget 87 Schedule 3 Printing and Supply Fund - Schedule of Operating Revenue Compared with Estimate Printing and Supply Fund - Schedule of Operating Expenses Compared with Budget Printing and Supply Fund - Schedule of Fixed Asset Acquisition Compared with Budget 88 Schedule 4 Computer Services Fund — Schedule of Operating Revenue Compared with Estimate Computer Services Fund - Schedule of Operating Expenses Compared with Budget 89 Schedule 5 Computer Services Fund - Schedule of Non-operating Expenses Compared with Budget Computer Services Fund - Schedule of Fixed Asset Acquisitions Compared with Budget 90 Schedule 6 Insurance Fund - Schedule of Operating Revenue Compared with Estimate Insurance Fund - Schedule of Operating Expenses Compared with Budget 91 Schedule 7 Insurance Fund - Schedule of Non-operating Revenue Compared with Estimate 92 4 TABLE OF CONTENTS - (Continued) Page TRUST AND AGENCY FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS 93 COMBINING BALANCE SHEET 94 STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES - ALL PENSION TRUST FUNDS 95 STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PENSION TRUST FUNDS 96 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL EXPENDABLE TRUST FUNDS 97 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS 98 Schedule 1 Weld County General Hospital Trust Fund - Schedule of Revenue Compared with Estimate Weld County General Hospital Trust Fund - Schedule of Expenditures Compared with Budget 99 Schedule 2 Antelope Hills Trust Fund - Schedule of Revenue Compared with Estimate 100 GENERAL FIXED ASSETS ACCOUNT GROUP SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCES 101 SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY 102 SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY 104 STATISTICAL SECTION Table I General Governmental Expenditures by Function 107 Table II General Revenue by Source 108 Table III Property Tax Levies and Collections 109 Table IV Assessed and Estimated Actual Value of Taxable Property 110 Table V Property Tax Rates and Tax Levies — All Overlapping Governments 111 Table VI Special Assessment Collections 112 Table VII Computation of Legal Debt Margin 113 Table VIII Tables Relating to Bonded Debt 114 Table IX Demographic Statistics 115 5 TABLE OF CONTENTS - (Continued) Page STATISTICAL SECTION (Continued) : Table X Property Value, Construction, Bank Deposits and Other Economic Indicators 116 Table XI Principal Taxpayers 117 Table XII Miscellaneous Statistics 118 Table XIII Insurance in Force 121 Table XIV Salaries of Principal Officials 122 Table XV Surety Bond Coverage for Principal Officials 123 6 OFFICE OF FINANCE & ADMINISTFiATIO PHONE (3031 356-4000 EXT.2' P.O.BOX 7E GREELEY,COLORADO806: C. COLORADO June 7, 1983 Honorable Board of Commissioners County of Weld 915 10th Street Greeley, CO 80631 Dear Board Members: The Comprehensive Annual Financial Report of the County of Weld, State of Colorado, for the year ended December 31, 1982 is presented on behalf of the Board and published as a public document. This report was prepared by the County's Finance Department. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the County. It is believed the data, as presented, is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the County as measured by the financial activity of the various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the County's financial activity have been included. ACCOUNTING SYSTEM AND BUDGETARY CONTROL The County's accounting records for general governmental operations are maintained on a modified accrual basis, with the revenue being recorded when available and measurable and expenditures being recorded when the services or goods are received and the liabilities are incurred. Accounting records for the proprietary funds and fiduciary pension trust funds are maintained on the accrual basis. In developing and altering the County's accounting system, consideration is given to the adequacy of internal accounting controls. Internal accounting controls are designed to provide reasonable, but not absolute, assurance regarding: the safeguarding of assets against loss from unauthorized use or disposition, and the responsibility of financial records for preparing financial statements and maintaining accountability for assets. 7 Honorable Board of Commissioners - Continued: The concept of reasonable assurance recognizes: the cost of a control should not exceed the benefits likely to be derived, and the evaluation of costs and benefits requires estimates and judgements by management. All internal control evaluations occur within the above framework. It is believed that the County's internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. Budgetary control was maintained at the department level by the encumbrance of estimated purchase amounts prior to the release of purchase orders to vendors. Purchase orders which result in an overrun of department balances are not released until additional appropriations are made available. Open encumbrances are reported as a reservation of fund balance at December 31, 1982. A new automated accounting system was developed and made operational with the beginning of the 1982 fiscal year to enhance financial management in Weld County. The new accounting system as implemented has on-line inquiry capabilities for all departments and on-line input for the Accounting staff. THE. REPORTING ENTITY AND ITS SERVICES The funds and entities related to the County of Weld included in our Comprehensive Annual Financial Report are controlled by or dependent on the County. Determination of "controlled by or dependent on" is based on criteria developed by the Federal Bureau of The Census. Criteria deal with existence as an organized entity; governmental character; and substantial autonomy. Based on these criteria the various funds and account groups (being all the funds and account groups of the County) shown in the Table of Contents are included in this report. The County provides the full range of County services contemplated by statute or character. These include general government functions, public protection and safety, health, social services, human resource services, public improvements, road and bridge operations, planning and zoning, library services, and general administrative services. GENERAL GOVERNMENT FUNCTIONS Revenue for general government functions totaled $36,149, 128 in 1982, an decrease of 6.2% over 1981. General property taxes and specific ownership taxes produced 36.4% of general revenue compared to 33.6% last year. The amount of revenue from various sources and the increase over last year are shown in the following tabulation: 8 Honorable Board of Commissioners - Continued: Increase (Decrease) Revenue Sources Amount Per Cent of Total for 1982 Taxes $ 13, 166,821 36.4% $ 219,258 Licenses and Permits 463,452 1.3% 62,782 Intergovernmental Revenue 17,204,249 47.6% (3,129,540) Charges for Services 1, 151,453 3.2% (729,876) Fines and Forfeits 6,792 0.0% 3,684 Miscellaneous Revenue 2,995,621 8.3% 44,018 Fee Accounts 1, 160,740 3.2% 1,160,740 $ 36,149, 128 100.0% $(2,368,934) Assessed values of $771.8 million represented an increase of 5.45% over the preceding year. The increase is primarily attributed to oil production activity in Weld County. The mill levy of 17. 172 mills was reduced by .075 of a mill from the previous year. Current tax collections were 99.37% of the tax levy, down .31% from last year. Delinquent tax collections were $81 ,490, compared with $39,303 last year. Allocations of property tax by purpose for 1982 and the preceding year are shown as follows: 1981 1982 Purpose Mills Mills General Fund 13.734 8.883 Special Revenue Funds 2.431 6.639 Capital Project Funds . 171 .260 Expendable Trust Funds .911 .864 Intergrovernmental Service Funds 0.000 .526 Total Tax Rate 17.247 17.172 Intergovernmental Revenue represented 47.6% of total general governmental revenue, compared with 52.8% for the preceding year. 9 Honorable Board of Commissioners - Continued: Expenditures for general governmental purposes total $35,412,407, a decrease of 2.9% under 1981. Increases in levels of expenditures for major functions of the County over the preceding year are shown in the following tabulation: Increase (Decrease) Function Amount Per Cent of Total for 1982 Current Operating: General Government $ 5,400,021 15.2% $ (3,942) Public Safety 5,229,851 14.8 1,704, 312 Public Works 6,997,923 19. 7 186, 181 Public Health & Welfare 12,875,917 36.4 (904,984) Culture & Recreation 524,375 1 .5 524,375 Conservation of Natural Resources 9,812 0.0 9,812 Economic Assistance 3, 169,957 9.0 (3, 117,650) Capital Outlay 485,735 1.4 (105,453) Debt Service 4,874 0.0 4,874 Intergovernmental Expenditures 375,305 1.0 375,305 Miscellaneous 338,637 1.0 255,043 $35,412,407 100.0% $(1,072, 127) Weld County's finances were significantly impacted in 1982 by the local and national economy. The reduced housing activity contributed to a slowing of construction which reduced revenues from building permits. Generally poor local economic conditions raised social services costs. Inflation continued to adversely impact labor costs and expenditures for supplies. Factors positively impacting Weld County's finances were increased interest and oil royalty revenues. Unreserved fund balance and retained earnings in the major operating funds were maintained at adequate levels. The General Fund fund balance of S1,007,579 was down $1,782,772 from last year. The $2,523, 191 balance in the Special Revenue Funds was up from the previous year by 85.5%. DEBT ADMINISTRATION In 1982 the County continued to have no bonded indebtedness, nor does it have any significant lease/purchase agreements for public facilities or equipment. With the passage of HB 1579, Section 30-35-201, C.R.S. , 1973 now allows the debt ceiling to be 3% of the assessed valuation of the County. Thus, Weld County maintains over a twenty-three million dollar allowable debt capacity in accordance with Colorado State Statutes. 10 Honorable Board of Commissioners - Continued: CASH MANAGEMENT . Cash temporarily idle during the year was invested in time deposits ranging from 10 to 180 days to maturity. Interest earned on investments of cash held by the County Treasurer was recorded as revenue in the General Fund, with exception of interest attributed to the Federal Revenue Sharing Fund, Insurance Fund, Antelope Hills Trust Fund, and the interest earned on certain deposits held for other taxing authorities. The amount of interest earned was $2,224, 128 in 1982. CAPITAL PROJECT FUNDS The Public Works - County Buildings Fund, established for the purpose of accounting for the capital improvement projects on County buildings, had a fund balance of $1,145,870 at the end of 1982. Anticipated or designated projects pending at the end of 1982 for the funds accumulated include the purchase of the Social Services Building ($707,000) and parking improvement district for the Centennial Complex ($300,000) . GENERAL FIXED ASSETS The General Fixed Assets of the County are the fixed assets used in the performance of general governmental functions and exclude the fixed assets of the Internal Service Funds. As of December 31, 1982, the General Fixed Assets of the County amounted to $18,764,474. This amount represents the original cost of the assets and is considerably less than their present value. Depreciation of General Fixed Assets is not recognized in the County's accounting system. • PROSPECTS FOR THE FUTURE With the passage of State Constitutional Amendment No. 1 in November, 1982, the assessment ratio and property tax exemptions changed in the State of Colorado. It is estimated that the assessed value for Weld County, because of these tax law changes, will be decreased $50-100 millions in the coming year. This reduction will adversely impact the debt limit which is 3% of assessed value and increase the actual mill levy as the lower assessed value is applied to the budget requirements. The local economy, heavily dependent upon agriculture and oil production, continued to be somewhat depressed. The local economic conditions have caused unemployment to rise and have increased the costs of human service programs provided in Weld County. Lower interest rates will substantially reduce interest revenues in 1983 compared to 1982. 11 Honorable Board of Commissioners — Continued: 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. This requirement has been complied with and the auditor's report has been included in this report. CERTIFICATE OF CONFORMANCE The Municipal Finance Officers Association of the United States and Canada (MFOA) awarded a Certificate of Conformance in Financial Reporting to the County of Weld, State of Colorado for its comprehensive annual financial. report for the fiscal year ended December 31, 1981 . In order to be awarded a Certificate of Conformance, a government must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Conformance is valid for a period of one year only. We believe our current report continues to conform to Certificate of Conformance Program requirements, and we are submitting it to MFOA to determine its eligibility for another certificate. ACKNOWLEDGEMENTS Financial reports are valuable in that they provide a permanent historical record of a governmental agency's operation to the management and the general public. It is our belief that this is a comprehensive report of the 1982 financial transactions under our control and that the following statements present an accurate, informative record of the financial activities of the County of Weld and it 's financial condition at December 31 , 1982. 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 should also like to thank the members of the Board of County Commissioners for their interest and support in planning and conducting financial operations of the County in a responsible and progressive manner. Respectfully submitted, Lu /L.Donald D. Warden, Director Finance and Administration DDW/ch 12 Certificate of Conformance in Financial Reporting Presented to County of Weld , State of Colorado For its Comprehensive Annual Financial Report for the Fiscal Year Ended December 31, 1981 A Certificate of Conformance in Financial Reporting is presented by the Municipal Finance Officers Association of the United States and Canada to governmental units and public employee retirement systems whose comprehensive annual financial reports (CAFR's) are judged to substantially conform to program standards. /\�, ��c40F sp C. 1CA Cavan. L c s " AND vi 5 9 President 6 CXxXAX O Pr; �///J• SEAL CORPoPAiIXN (I` L Executive Director 13 CO > 0 -- E. w L — — 0 al C n W K Z W L N v W O au u la. IX N Q Cle C w C f1 O Z IL W YO _� L � ° O C N N W W ix O O U O j 0 Q V w o.— w N U in 1� Ca w a. L3 Failli - T T T T Z N c 0 W a w V 5 L L L •C N -o o CoY , ! w 10 1- Z co � = E 0 L E > vao L 1..V Ea o 0 w m E L V no ›, E o m _ m m W O O - A L D. CI L y A L L 1!d X > - I a O w.� ?m.•- q d 0 LL.-J 0 m O Illr • w a W a c .+ C O +' Z w O C C O U N L J n w o.N T Cg O) ., V,-- 0,0.0 .+ O O L cal ti u m G N o � N w L L• c N in q r d L W4. coa o J w E a 6 o O IX i- 40 o •C a E 0 0.00 0 Z q C N O Cv V O''- IJ.' J o C d --, w U J Q O '-a d > rn O..- 0, N C O aD C E'O0 O+ mall N V E o r• L c N o o S N c v a v, c o Ctl W U V N.- L Y C a- O a u, r O L T.^'m..- J O 0,- = O = Cl.m CO d d S I W LIN V = E o °' c L Z L w U O = a) N 01Nad C 0 a a a O Id " " U III; mom a W in W N a vni 0o, >, m FN C C Y L 0 0 L r` N T.� L L N m a S. Q a o N `J C y (0 C d'.- O O CV Tt V L o Ja L 0 ~ 0 in ro C 0 0 0 0 v, C K CO Q VS C Y a N.a O a L > V a U O H E L a Z E 0 NNuE0 wN O o O U V . E N CI w >.� E a w t V U C L L in • 0'0 O w Q co N Om Y J >V, Q L O O N d = d O L 0 to co 0 w wwa >.o a 5.- w Z 7 O,- wN V-� Lma. w w L V N d' C j O N d' U u 0 0 is O ) L !� � rO >,..,N a'' Z U O IS N C N j N N C C Q � w E o C a'o d b v, c A Eon a o w E 7 V , Vi w O D 0 E O L w O J O a SS S,/lQ 0O-22S C v r- E L 0 0 _ w q o 0 V V '0 > J Z C L L' W aLALA(0 _ = � O w ,Nn •N Cw oe m L y Q j O V a V c .: L a 0 •C La > m o -- w V V y O L W co--- -' w y C _a > a)m CI �. `i� m CO O a y o .- v+ = o o C C —o 00 w o iy C W Q C 6 a w w>V d ` vvs Lcoc o = m d C i- c ,,, .o du E in o0 01 0) 01 L c E x.- o O V O. w w o c V V J d LL U W Q 14 COUNTY OF WELD STATE OF COLORADO PRINCIPAL COUNTY OFFICIALS December 31, 1982 Board of County Commissioners Chuck Carlson Norman Carlson C. W. Kirby John Martin June K. Steinmark Director of Finance and Administration Donald D. Warden Comptroller Claud Hanes Independent Auditor Dollarhide & Schwartz Certified Public Accountants 15 FINANCIAL SECTION itoti;A W1CYc GENERAL PURPOSE FINANCIAL STATEMENTS Vibe GilDOLLARHIDE & SCHWARTZ CERTIFIED PUBLIC ACCOUNTANTS P.O. BOX 310 1122 9th STREET•SUITE 102 GREELEY.COLORADO 80632 (303)352-7497 Board of County Commissioners Weld County, Colorado Greeley, Colorado We have examined the combined financial statements of Weld County, Colorado, as of and for the year ended December 31, 1982, as listed in the table of contents. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion; the combined financial statements referred to above present fairly the financial position of Weld County, Colorado, at December 31, 1982, and the results of its operations and the changes in financial position of its proprietary fund types for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. Our examination was made for the purpose of forming an opinion on the combined financial statements taken as a whole. The accompanying supplemental statements and schedules, listed as Combining Statements, Individual Fund and Account Group Statements, and Schedules listed in the table of contents, are presented for purposes of additional analysis and are not a required part of the combined financial statements of Weld County, Colorado. The information has been subjected to the auditing procedures applied in the examination of the combined financial statements and, in our opinion, is fairly stated in all material respects in relation to the combined financial statements taken as a whole. Our examination did not include the information presented in the Statistical Section and, accordingly, we express no opinion l on it. DOLL/SCHWARTZ Greeley, Colorado June 16, 1983 17 COUNTY OF WELD STATE OF COLORADO COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS December 31, 1982 . General Fund Types Special Capital Special General Revenue Projects Assessment ASSETS ASSETS: Cash with treasurer $ 958,843 $ 2,454,232 $ 1,225,356 $ 2,801 Cash - other 111,762 11,840 -0- -0- Investments -0- -0- -0- -0- Receivables (net where applicable of allowance for uncollectibles): Accounts 350,449 228,694 -0- -0- Special Assessments: Current -0- -0- -0- 1,595 Deferred -0- -C- -0- 12,759 Current property taxes 8,139,526 5,044,866 206,602 -0- Delinquent property taxes 40,836 23,284 826 -0- Due from other governmental units 197,551 3,169,496 -0- -0- Due from other county funds (Note 2) 355,790 507,962 -0- -0- Inventories -0- 446,562 -0- -0- Advance to Special. Assessment Fund 14,354 -0- -0- -0- Prepaid expenses 31,184 309 -0- -0- Land -0- -0- -0- -0- Land under capital lease (Note 4) -0- -0- -0- -0- Land improvements -0- -0- -0- -0 Buildings -0- -0- -0- Equipment and furniture -0- -0- -0- -0- Less: Accumulated depreciation -0- -0- -0- -0- TOTAL ASSETS $ 10,200,295 $ 11,887,245 $ 1,432,784 $ 17,155 (Continued on next page) 18 Proprietary Fiduciary Account Fund Type Fund Type Group Internal Trust and General Memorandum Serviceency Fixed Assets Total $ 850,169 $ 7,546,047 $ -0- $ 13,037,448 50 483 -0- 124,135 -0- 9,044,829 -0- 9,044,829 32,397 93,133 -0- 704,673 -0- -0- -0- 1,595 -0- -0- 12,759 463,578 545,162 -0- 14,399,734 1,300 3,410 -0- 69,656 29,436 -0- -0- 3,396,483 399,833 30,660 -0- 1,294,245 437,427 -0- -0- 883,989 -0- 14,354 2,020 25,168 -0- 58,681 414,574 -0- 993,069 1,407,643 274,820 -0- -0- 274,820 26,506 -0- 203,571 230,077 695,791 -0- 15,586,416 16,282,207 7,925,631 -0- 1,981,418 9,907,049 (3,777,652) -0- -0- (3,777,652) $ 7,775,880 $ 17,288,892 $ 18,764,474 $ 67,366,725 19 COUNTY OF WELD STATE OF COLORADO COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS December 31, 1982 Governmental Fund Types Special Capital Special General Revenue Projects Assessment LIABILITIES AND FUND EQUITY LIABILITIES: Cash with treasurer - overdraft $ -0- $ 45,433 S -0- $ -0- Warrants payable -0- -0- -0- -0- Vouchers payable 213,330 251,809 69,418 -0- Accrued liabilities 334,476 176,821 -0- -0- Due to other governmental units 82,763 549,747 Due to other county funds (Note 2) 216,278 724,155 10,894 2,801 Current portion of capital lease obligation -0- -0- -0- -0- Current portion of long-term debt -0- -0- -0- -0- Deferred revenue 8,139,526 7,164,201 206,602 22,308 Advance from General Fund: Current -0- -0- -0- 1,595 Deferred -0- -0- -0- 12,759 Unexpended grant revenue 147,190 133,938 Other liabilities -0- 30,686 -0- -0- Capital lease obligation (Note 4) -0- -0- -0- -0- Total Liabilities 9,133,563 9,076,770 286,914 39,463 FUND EQUITY: Investments in general fixed assets -0- -0- -0- -0- Contributed capital -0- -0- -0- -0- Retained earnings: Reserved for claims -0- -0- -0- -0- Unreserved -0- -0- -0- -0- Fund balances: Reserved for advance to special assessment fund 14,354 -0- -0- -0- Reserved for encumbrances 13,615 286,982 56,190 -0- Reserved for employee benefits -0- -0- -0- -0- Reserved for prepaid expenses 31,184 302 -0- -0- Unreserved: Designated for subsequent year's expenditures 635,197 426,116 1,031,732 -0- Undesignated 372,382 2,097,075 57,948 (22,308) Total Fund Equity (deficit) 1,066,732 2,810,475 1,145,870 (22,308) TOTAL LIABILITIES AND FUND EQUITY S 10,200,295 $ 11,887,245 $ 1,432,784 $ 17,155 The Notes to Financial Statements are an integral part of this exhibit. 20 Proprietary Fiduciary Account Fund Type Fund Type GrouGGroupl Memorandum Internal Trust and Total Service Agency Fixed Assets -0- $ _0- $ 45,413 $ -0- $ 255,295 -0- 876,919 ,295 122,268 220,094 _0-_ 569,748 58,451 65 -0- 5,762,225 6,100 5,123,615 313 085 -0- 1,294,245 27,032 , 40,711 -0- _0_ 40,711 67,982 67,982 -0-545 162 -0- 16,541,377 463,578 , -0- 1,595 -0- -0 _0_ 12,759 -0- -0--0- _0_ 281,128 -0 2,163 -0- 32,849 -0- >-0- 40,710 40,710 826 832 6,459,414 -0- 25,822,956 , $ 18,764,474 18,764,474 5,523,306 -0 -0- 5,523,306 -0- 213,589 213,589 1,212,153 1,212,153 14,354 356,787 _0.. 7,730,870 7,730,870 _0.. 31,486 -0- 2,093,045 5,603,705 -0- 3,098,608 _ 6,949,048 10,829,478 18,764,474 41,543,769 288 892 $ 18,764,474 $ 67,366,725 $ 7,775,880 $ 17> > _ 21 COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS December 31, 1982 Governmental Fund Types Special Capital Special General Revenue Projects Assessment REVENUE: Taxes $ 6,954,977 $ 5,996,553 $ 215,291 $ -0- Licenses and permits 222,111 241,341 -0- -0- Intergovernmental revenue 197,699 17,006,550 -0- -0- Charges for services 826,767 324,686 -0- -0- Fines and forfeitures -0- 6,792 -0- -0- Miscellaneous revenue 2,224,708 763,251 -0- 7,662 Fee Accounts 1,160,740 -0- -0- -0- Total Revenue 11,587002 24,339,173 215,291 7,662 EXPENDITURES: Current Operating: General government 5,400,021 -0- -0- -0- Public safety 5,229,851 -0- -0- -0- Public works 424,869 6,573,054 -0- -0- Public health and welfare 69,458 12,806,459 -0- -O- Culture and recreation 111,616 412,759 -0- -0- Conservation of natural resources 9,812 -0- -0- -0- Economic assistance -0- 3,169,957 -0- -0- Capital outlay 227,955 -0- 257,780 -0- Debt service -0- -0- -0- 4,874 lntragovernmental expenditures -0- 375,305 -0- -0- Miscellaneous 336,235 2,402 -0- -0- Total Expenditures 11,809,817 23,339,936 257,780 4,874 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES (222,815) 999,237 (42,489) 2,788 OTHER FINANCING SOURCES (USES): Operating transfers-in 115,258 2,806,900 935,814 -0- Operating transfers-out (1,828,170) (2,355,964) -0- -0- Total Other Financing Sources (Uses) (1,712,912) 450,936 935,814 -0- EXCESS (DEFICIENCY) OF REVENUE AND OTHER SOURCES OVER EXPENDITURES AND OTHER USES (1,935,727) 1,450,173 893,325 2,788 FUND BALANCE, (Deficit), January 1, 1982 3,002,459 1,360,302 252,545 (25,096) FUND BALANCE (Deficit), December 31, 1982 $ 1,066,732 $ 2,810,475 $ 1,145,870 $ (22,308) The Notes to Financial Statements are an integral part of this exhibit. 22 Fiduciary Fund Types Expendable Memorandum Trusts Total $ 716,434 $ 13,883,255 -0- 463,452 -0- 17,204,249 -0- 1,151,453 0- 6,792 147,304 3,142,925 -0- 1,160,740 863,738 37,012,866 -0- 5,400,021 -0- 5,229,851 -0- 6,997,923 -0- 12,875,917 -0- 524,375 0- 9,812 -0- 3,169,957 -0- 485,735 0- 4,874 -0- 375,305 -0- 338,637 -0- 35,412,407 863,738 1,600,459 -0- 3,857,972 -0- (4,184,134) -0- (326,162) 863,738 1,274,297 739,267 5,329,477 $ 1,603,005 $ 6,603,774 2:3 COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL - ALL GOVERNMENTAL FUND TYPES Year Ended December 31, 1982 General Special Revenue Variance Variance Estimate/ Favorable Estimate/ Favorable Actual Budget (Unfavorable) Actual Budget (Unfavorable) REVENUE: Taxes $ 6,954,977 S 6,939,920 $ 15,057 $ 5,996,553 S 5,990,634 $ 5,919 Licenses and permits 222,111 2.31,240 (9,129) 241,341. 140,000 101,341 Intergovernmental revenue 197,699 256,471. (58,772) ].7,006,550 17,745,919 (739,369) Charges for services 826,767 892,679 (65,912) 324,686 220,054 104,632 Fines and forfeiture -0- -0- -0- 6,792 4,800 1.992 Miscellaenous revenue 2,224,708 1,901,714 322,994 763,251 44,683 718,568 Fee accounts 1,160,740 1,042,275 118,465 -0- -0- -0- Total Revenue 11,587,002 11 ,264,299 322,703 24,339,173 24,146,090 193,083 EXPENDITURES: Current operating: General government 5,400,021 5,540,716 140,695 -0- -0- -0- Public safety 5,229,851 5,270,072 40,221 -0- -0- -0- Public works 424,869 433,440 8,571 6,573,054 7,618,309 1,045,255 Public health and welfare 69,458 69,458 -0- 12,806,459 13,738,700 932,24]. Culture and recreation 111,616 113,114 1,498 412,759 409,294 (3,465) Natural resources 9,812 9,818 6 -0- -O- -0- Economic assistance -0- -0- -0- 3,169,957 2,298,435 (871,522) Capital Outlay 227,955 231,105 3,150 -0- 19,857 19,857 Debt services -0- -0- -0- -0- -0- -0- Intragovernmental expenditures -0- -0- -0- 375,305 391,690 16,385 Miscellaneous 336,2:35 336,523 288 2,402 358,705 356,303 Total Expenditures 11,809,817 12,004,246 194,429 23,339,936 24,834,990 1,495)054 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES (222,815) (739,947) 517,132 999,237 (688,900) 1,688,137 OTHER FINANCING SOURCES (USES): Operating transfers-in 115,258 115,258 -0- 2,806,900 2,774,992 31,908 Operating transfers-out (1,828,170) (1,828,170) -0- (2355,964) (2,358,105) 2,141 Total Other Financing Sources (Uses) (1,712,912) (1,712,912) -0- 450,936 416,887 34,049 EXCESS (DEFICIENCY) OF REVENUE AND OTHER SOURCES OVER EXPENDITURES AND OTHER USES (1,935,727) (2,452,859) 517,132 1,450,173 (272,013) 1,722,186 FUND BALANCE, (Deficit), January 1, 1982 3,002,459 3,002,459 -0- 1,360,302 1,360,302 -0- FUND BALANCE (Deficit), December 31, 1982 $ 1,066,732 $ 549,600 S 517,132 $ 2,810,475 $ 1,088,289 $ 1,722,186 The Notes to Financial Statements are an integral part of this exhibit. 24 Capital Projects _ Special Assessments Memorandum Total Variance Variance Variance Estimate/ Favorable Estimate/ Favorable Estimate/ Favorable Actual Budget (Unfavorable) Actual Budget (Unfavorable) Actual Budget (Unfavorable) $ 215,291 $ 207,266 $ 8,025 -0- -0- -0- $ 13,166,821 $ 13,137,820 $ 29,001 -0- -0- -0- -0- -0- -0- 463,452 37] ,240 92,212 -0- -0- -0- -0- -0- -0- 17,204,249 18,002,390 (798,141) -0- -0- -0- -0- -0- -0- 1.,151,453 1,112,733 38,720 -0- -0- -0- -0- -0- -0- 6,792 4,800 1,992 -0- -0- -0- 7,662 -0- 7,662 2,995,621 1,946,397 1,049,224 -0- -0- -0- -0- -0- -0- 1,160,740 1,042,275 118,465 215,291 207,266 8,025 7,662 -0- 7,662 36=149,128 35,617,655 531,473 -0- -0- -0- -0- -0- -0- 5,400,021 5,540,716 140,695 -0- -0- -0- -0- -0- -0- 5,229,851 5,270,072 40,221 -0- -0- -0- -0- -0- -0- 6,997,923 8,051,749 1,053,826 -0- -0- -0- -0- -0- -0- 12,875,917 13,808,158 932,241 -0- -0- -0- -0- -0- -0- 524,375 522,408 (1,967) -0- -0- -0- -0- -0- -0- 9,812 9,818 6 -0- -0- -0- -0- -0- -0- 3,169,957 2,298,435 (871,522) 257,780 471,138 213,358 -0- -0- -0- 485,735 722,100 236,365 -0- -0- -0- 4,874 -0- (4,874) 4,874 -0- (4,874) -0- -0- -0- -0- -0- -0- 375,305 391,690 16,385 -0- -0- -0- -0- -0- -0- 338,637 695,228 356t591 257,780 471,138 213,358 4,874 -0- (4,874) 35,417,407 37,310,374 1,897,967 - (42,489) (263,872) 221,383 2,788 -0- 2,788 736,721 (1,692,719) 2,429,440 935,814 700,000 235,814 -0- -0- -0- 3,857,972 3,590,250 267,722 -0- -0- -0- -0- -0- -0- (4,184,134) (4,186,275) 2,141 935,814 700,000 235 1814 -0- -0- -0- (326 162) (596,025) 269,863 893,325 436,128 457,197 2,788 -0- 2,788 410,559 (2,288,744) 2,699,303 252,545 252,545 -0- (25,096) (25,096) -0- 4,590,210 4,590,210 -0- $1,145,870 $ 688,673 $ 457,197 $ (22,308) $ (25,096) $ 2,788 $ 5,000,769 $ 2,301,466 $ 2,699,303 25 COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS/ FUND BALANCES, ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS Year Ended December 31, 1982 Proprietary Fiduciary Fund Type Fund Type Internal Pension Memorandum Service Trust Total - OPERATING REVENUE: Taxes S 435,912 S -0- $ 435,912 Charges for services 4,538,712 -0- 4,538,712. Appreciation in fair value of investments -0- 502,895 502,895 Contributions -0- 1,19786 1,191,786 Total Operating Revenue 4,974,624 1,694,681 6,669,305 OPERATING EXPENSES: Personnel services 1,507,120 -0- 1,507,120 Contractual services 272,995 -0- 272,995 Supplies 81,789 -0- 81,789 Materials 1,211,753 -0- 1,211,753 Heat, light and power 48,993 -0- 48,993 Depreciation 1,054,613 -0- 1,054,613 Repair and maintenance 41,990 -0- 41,990 Insurance and bonds 333,074 -0- 333,074 Claims 131,932 -0- 131,932 Other expenses 70,757 -0- 70,757 Benefit payments -0- 217,167 21.7,167 Refunds -0- 220,477 220,477 Administrative expenses -0- 66,498 66,498 Total Operating Expenses 4,755,016 504,142 5,259,158 Operating Income 219,608 1,190,539 1,410,147 NONOPERATING REVENUE (EXPENSES): 3 453 Farm Income 3,453 -0- Gain on sale of fixed assets 77,730 -0- 77,730 Earnings on investments 19,276 571,561 590,837 Judgements and damages 23 -0- 23 Interest expense (42,286) - -0- (42,286) Total Net Nonoperating Revenue 58,196 571,561 629,757 Income Before Operating Transfers 277,804 1,762,100 2,039,904 OPERATING TRANSFERS-IN -0- 66,498 66,498 NET INCOME $ 277,804 $ 1,828,598 $ 2,106,402 RETAINED EARNINGS/FUND BALANCE, January 1, 1982 $ 1,462,938 $ 6,747,934 S 8,210,872 Adjustment of prior periods 332 441 (Note 11) (315,000) 647,441 RETAINED EARNINGS/FUND BALANCE, January 1, 1982 as restated 1,147,938 7,-395,375 8,543,313 RETAINED EARNINGS/FUND BALANCE, December 31, 1982 $ 1,425,142 $ 9,223,973 $10,649,715 The Notes to Financial Statements are an integral part of this exhibit. 26 COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF CONTRIBUTIONS - ALL PROPRIETARYFUND TYPES Year Ended December 31, 1982 Proprietary Fund Type Internal Service CONTRIBUTIONS January 1, 1982 $ 4,882,146 Adjustment of prior periods 315,000 CONTRIBUTIONS January 1, 1982 as restated 5,197,146 TRANSFERS IN 326,160 CONTRIBUTIONS December 31, 1982 $ 5,523,306 The Notes to Financial Statements are an integral part. of this exhibit. 27 COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS Year Ended December 31 , 1982 Proprietary Fiduciary Fund Type Fund. Type._ Internal — eennssion Memorandum Service Trust Total WORKING CAPITAL PROVIDED: Net Income $ 277,804 $ 1,828,598 $ 2,106,402 Add: Expenses deducted which did not re- quire outlay of working Depreciation al 1,054,613 -0- 1,054,613 Less: Gain on sale of fixed assets (77,730) -0- (77,730) Working capital provided from operations 1,254,687 1,828,598 3,083,285 Contributions from general fund 326,160 -0- 326,160 Proceeds from sale of fixed assets 182,198 -0- 182,198 Total Working Capital Provided 1,763,045 1828,598 3,591,643 WORKING CAPITAL APPLIED: Acquisition of fixed assets 1,567,743 -0- 1,567,743 Payments and current maturities of long-term debt and capital lease obligations 237,480 -0- 237,480 Total Working Capital Applied 1,805,223 -0- 1,805,223 INCREASE (DECREASE) IN WORKING CAPITAL $ (42,178) $ 1,828,598 $ 1,786,420 (Continued on next page) 28 COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF CHANCES IN FINANCIAL POSITION - ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS Year Ended December 31, 1982 Proprietary Fiduciary Fund Type Fund Type Internal Pension Memorandum Service Trust Total CHANGES IN COMPONENTS OF WORKING CAPITAL: Increase (decrease) in current. assets: Cash with treasurer $ 6,274 $ 99,735 $ 106,009 Cash - other -0- (1,292) (1,292) Investments -0- 1,794,290 1,794,290 Receivables: Accounts (486,695) 18,553 (468,142) Current property taxes 463,578 -0- 463,578 Delinquent property taxes 1,300 -0- 1,300 Due from other governmental units (59,755) -0- (59,755) Due from other county funds (114,932) (88,100) (203,032) Inventories 41,001 -0- 41,001 Prepaid expenses (3,980) X801 4,821 Net increase (decrease) in current assets (153,209) 1,831,987 1,678,778 (Increase) decrease in current liabilities: Cash with treasurer-overdraft 11,062 -0- 11,062 Vouchers payable 77,118 (3,389) 73,729 Accrued liabilities 9,406 -0- 9,406 Due to other governmental units (6,100) -0- (6,100) Due to other county funds 87,533 -0- 87,533 Current portion of long-term debt (14,010) -0- (14,010) Deferred revenue (57,789) -0- (57,789) Other liabilities 3,811 -0- 3,811 Net (increase) decrease in current liabilities 111,031 (3,389) 107,642 INCREASE (DECREASE) IN WORKING CAPITAL $ (42,178) $ 1828,598 $ 1,786,420 The Notes to Financial Statements are an integral part of this exhibit. 29 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1982 Note 1 - Summary of Significant Accounting Policies: The accounting and reporting policies of Weld County, Colorado conform to generally accepted accounting principles as set forth by the American Institute of Certified Public Accountants and the National Council on Governmental Accounting. The following summary of significant accounting policies is presented to assist the reader in evaluating the County's financial statements. BASIS OF PRESENTATION: Each fund is an independent fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources together with all related liabilities, residual equities and balances which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations. In addition to the funds, a self-balancing account group is established to account for the general fixed assets of the County. The various funds are grouped into six generic fund types under three broad fund categories as follows: GOVERNMENTAL FUND TYPES: All governmental funds and expendable trust funds are accounted for on a spending or "financial flow" measurement focus. This means that only current assets and current liabilities are generally included on their balance sheets. Their reported fund balance (net current assets) is considered a measure of "available spendable resources". Governmental fund operating statements present increases (revenue and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of "available spendable resources" during a period. General Fund: The General Fund accounts for all financial transactions of the County that are not properly accounted for in other funds. Ordinary operations of the County such as public safety, county administration and other activities financed from taxes and general revenue are reflected in this fund. Special Revenue Funds: Special Revenue Funds are established to account for taxes or other earmarked revenue of the County which finance specified activities as required by law or administrative action. 30 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1982 Note 1 - Summary of Significant Accounting Policies (Continued) : BASIS OF PRESENTATION (continued) : Capital Projects Funds: Capital Projects Funds are established to account for financial resources used for the acquisition or im- provement of the capital facilities of the County. Special Assessment Funds: Special assessment funds are used to account for the financing of public improvements or services deemed to benefit the properties against which special assessments are levied. PROPRIETARY FUND TYPES: All proprietary funds and pension trust funds are accounted for on a cost of services or "capital maintenance" measurement focus. This means that all assets and all liabilities (whether current or noncurrent) associated with their activity are included on their balance sheets. Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases (revenue) and decreases (expenses) in net total assets. Internal Service Funds: Internal Service Funds are established to account for goods and services provided to other departments of the County on a cost-reimbursement basis. FIDUCIARY 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, pension trust and agency funds. The General Purpose Financial Statements present a combined overview of all generic fund types and account groups of the County. 31 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31 , 1982 Note 1 - Summary of Significant Accounting Policies (Continued) : FIXED ASSETS, LONG-TERM LIABILITIES AND LANG-TERM RECEIVABLES: The accounting and reporting treatment applied to the fixed assets and long—term liabilities associated with a fund are determined by its measurement focus as discussed above. All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated fixed assets are valued at their estimated fair value on the date donated. Fixed assets used in governmental fund type operations are accounted for in the General Fixed Assets Account Group, rather than in governmental funds. Acquisitions of general fixed assets are recorded as capital outlay expenditures within the governmental funds. Public domain ("infrastructure") general fixed assets consisting of roads, bridges and rights—of—way are not capitalized. No depreciation has been provided on general fixed assets. Depreciation of all exhaustible fixed assets used by proprietary funds is charged as an expense against their operations. Accumulated depreciation is reported on proprietary fund balance sheets. Depreciation has been provided using the straight line method over the estimated useful lives, as follows: Buildings 30 years Land Improvements 20 years Equipment and furniture 3-10 years Weld County has no long-term liabilities expected to be financed from governmental funds. If such liabilities existed, they would be accounted for in the General Long-Term Debt Account Group, not in the governmental funds. Noncurrent portions of long-term receivables due to governmental funds are reported on their balance sheets, in spite of their spending measurement focus. Special reporting treatments are used to indicate, however, that they should not be considered "available spendable resources," since they do not represent net current assets. Recognition of governmental fund type revenue represented by noncurrent receivables is deferred until they become current receivables. Noncurrent portions of long-term loans receivable are offset by fund balance reserve accounts. 32 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31 , 1982 Note 1 - Summary of Significant Accounting Policies (Continued) : BASIS OF ACCOUNTING: Basis of Accounting refers to when revenue and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. The governmental funds and expendable trust funds utilize the modified accrual basis of accounting. Under this method revenue is recognized in the year in which it becomes both measurable and available as net current assets. Revenue susceptible to accrual, that is, measurable and available to finance the County's operations, or of a material amount and not received at the normal time of receipt primarily consists of 1) state highway users tax; 2) revenue sharing entitlements; 3) property taxes, assessed in 1982 payable in 1983; and 4) various routinely provided services (ambulance and health department) . Unbilled charges for services are recorded in the appropriate funds at year end. Expenditures are generally recorded when the related fund liability is incurred. An exception to this general rule is that accumulated unpaid sick pay is not accrued. Proprietary funds and pension trust funds follow the accrual basis of accounting whereby revenue is recognized in the year in which it is earned and becomes measurable. Expenses are recorded when liabilities are incurred. Agency funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations. ENCUMBRANCES: Weld County utilizes the encumbrance method of recording commitments related to unperformed contracts for goods and services. Under this method, outstanding encumbrances at year end are recorded as a reservation of fund balance since they do not constitute expenditures or liabilities. An appropriation is made in the subsequent year to provide authority to complete the transaction. 33 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1982 Note 1 - Summary of Significant Accounting Policies (Continued) : BUDGET: An annual budget and appropriation ordinance is adopted by the Board of County Commissioners in accordance with the Colorado State Budget Act and Weld County Home Rule Charter. The budget is prepared on a basis consistent with generally accepted accounting principles for all governmental, proprietary and expendable trust funds. The accounting system is employed as a budgetary management control device during the year to monitor the individual departments (level of classification which expenditures may not legally exceed appropriations) . All annual appropriations lapse at year end. The Director of Finance and Administration is authorized to transfer budgeted amounts within departments of each fund. Any revisions that alter the total appropriation for each department must be approved by the County Commissioners through a supplemental appropriation ordinance. During 1982, four supplemental appropriation ordinances were enacted. INVESTMENTS: Investments of the pension trust funds are stated at fair market value. PROPERTY TAXES: Property taxes attach as an enforceable lien on property as of January 1. Taxes are levied on January 1 and payable in two installments on March 1 and August 1, or in full on April 30. The County, through the Weld County Treasurer, bills and collects its own property taxes as well as property taxes for all school districts, cities and towns and special districts located within the county. In accordance with Section 14-7 of the Weld County Home Rule Charter, all ad valorum tax levies for county purnoses, when applied to the total valuation for assessment of the County, shall be reduced so as to prohibit the levying of a greater amount of tax revenue than was levied from ad valorum taxation in the preceding year, plus five per cent (57) „ except to provide for the payment of bonds and interest. The Board of County Commissioners may submit the question of an increased levy to the County Council, and if in the opinion of a majority of the County Council the county is in need of additional funds, the Council may grant an increased levy for the county in such amount as it deems appropriate , and the county is authorized to make such increased levy. 34 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1982 Note 1 - Summary of Significant Accounting Policies (Continued) : PROPERTY TAXES (Continued) : However, no such excess levy shall be granted which will allow a greater revenue than would be produced by applying the previous year mill levy to the current years assessed valuation. If the County Council does not grant an increased levy, or the increase is beyond that which the council is authorized to grant, the question may be submitted to the qualified electors of the county at a general or special election called for that purpose. Unless authorized by the State Division of Local Government Section 26-1-125, Colorado Revised Statutes (C.R.S.) 1973, restricts the maximum mill levy for the Social Services Fund to 2.50 mills. In 1982 the mill levy in Weld County for the Social Services Fund was 2. 399 mills. Section 25-3-30, C.R.S. 1973 restricts the Weld County General Hospital Trust Fund to 3.00 mills each year. For 1982, the :Levy was .864 mills. Section 30-25-201, C.R.S. 1973, formerly restricting the General Fund mill levy was repealed effective June 19, 1981. Any one capital project requiring a capital expenditure out of funds procured by ad valorem taxation equal to a three mill levy for three years, shall be prohibited unless approved by a majority vote of the qualified electors at a general or special election per Section 14-8 of the Weld County Home Rule Charter. The original January 1, 1982 levies for the applicable funds of the County are as follows: Levy Mills Amount General Fund 8.883 $ 6,856,420 Road & Bridge 2.802 2, 162,389 Social Services Fund 2. 399 1,851 ,685 Contingency 1.438 1, 109,777 Public Works Fund - County Buildings .260 200,266 Weld County General Hospital Trust Fund .864 667,000 IGS - Insurance .526 405,789 17. 172 $13,253,326 35 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1982 Note 1 - Summary of Significant Accounting Policies (Continued) : INVENTORIES: Inventories of governmental funds, which consist of expendable materials held for consumption, are stated at the lower of cost or market, determined by the first—in, first—out method. These funds follow the consumption method of accounting whereby expenditures are recorded at the time the inventory items are used. Inventories of proprietary funds are recorded at the lower of cost or market. Cost is determined by the average cost method. INTERFUND TRANSACTIONS: Interfund transactions resulting from reimbursements, operating transfers, and charges for services rendered, are recorded as due to or due from other county funds. Residual equity transfers represent nonrecurring or nonroutine transfers of equity between funds. All other interfund transfers are recorded as operating transfers. ADVANCE TO OTHER FUNDS: Non-current portions of long-term interfund loans receivable (reported in "Advance to" asset accounts) are equally offset by a fund balance reserve account which indicates that they do not constitute "available spendable resources', since they are not a component of net current assets. Current portions of long-term interfund loans receivable (reported in "Due From" asset accounts) are considered "available spendable resources". SICK-LEAVE AND VACATION PAY: Sick-leave is earned when vested but recorded as an expenditure upon payment. In the event of retirement or termination, an employee is paid for 50% of accumulated sick-leave hours up to the equivalent of one month. At December 31, 1982, the liability for accumulated sick-leave approximated $570,788. Unused vacation time is forfeited annually at December 31. 36 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31 , 1982 Note 1 - Summary of Significant Accounting Policies (Continued) : DESIGNATED FUND BALANCE: Fund balance designated for subsequent year's expenditures represents fund balance commitments for appropriated expenditures in excess of anticipated revenue for the year ending December 31., 1983. GRANT REVENUE: Grant revenue is recognized to the extent of expenditures incurred. The portion of the total grant which has not been spent is reflected as unexpended grant revenue and is represented by cash and receivables, less related liabilities. NON-FEDERAL IN-KIND CONTRIBUTIONS: Volunteers assist the various federally funded programs of the Human Resources Fund (a special revenue fund) in providing transportation and various other program functions. The volunteer labor is recognized as a contributed revenue at $3. 35 per hour. Certain volunteer labor is recorded at higher rates based upon the individual's professional experience. Volunteer mileage is recorded at 20C per mile. Donated food, clothing, and other goods are recognized as contributed revenue at their fair market. value. Included as a separate category are the offsetting in-kind expenditures. TOTAL COLUMNS ON GENERAL PURPOSE FINANCIAL STATEMENTS: Total columns on the General Purpose Financial Statements are captioned Memorandum Total to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations, or changes in financial position in conformity with generally accepted accounting principles. Neither is such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data. FINANCIAL STATEMENTS NOT INCLUDED: Financial statements of the North Colorado Medical Center are not included in the Weld County Comprehensive Annual Financial Report because the hospital is under the direction of an independent board of trustees. The County does not exert any significant influence or control over the Hospital Board of Trustees, nor does it guarantee any of the hospital's outstanding debt. 37 Note 2 - Individual Fund Interfund Receivable and Payable Balances: Interfund receivable and payable balances at December 31, 1982 are as follows: lnterfund Interfund Receivables Payables General Fund $ 355,790 $ 216,278 Special Revenue Funds: Road and Bridge Fund 488,096 262,821 Social Services Fund -0- 10,199 Federal Revenue Sharing Fund -0- 380,480 Conservation Trust Fund -0- -0- Public Health Fund 906 12,477 Library Fund -0-- 7,075 Human Resources Fund 18,960 20,258 Solid Waste Fund -0- 30,845 Capital Projects Funds -0- 10,894 Special Assessment Funds: Improvement District Number 1981-2 -0- 2,801 Elmore Road Internal Service Funds: Motor Vehicle Fund 287,458 7,486 Printing and Supply Fund -0- 2,554 Computer Services Fund 109,381 1,490 Insurance Fund 2,994 15,502 Trust and Agency Funds: Hospital Agency Fund -0- 295,242 Weld County Retirement Fund -0- 83 Payroll Agency Fund _ 30,660 17,760 , 1,294,245 $1,294,245 Note 3 - Changes in General Fixed Assets: •d A summary of changes in general fixed assets follows: in. Balance Balance 1/1/82 Additions Deletions 12/31/82 Land $ 993,069 $ -0- $ -0- $ 993,069 Land improvements 199,455 4, 116 -0- 203,571 Buildings 15,332,977 253,439 -0- 15,586,416 Equipment and furniture 1,741,658 309,074 69,314 1,981,418 1Q Total $18,267,159 $566,629 $69,314 $18,764,474 -o. Transfers among departments of $78, 349 are not included above. Note 4 - Capital Lease Obligation: The following is an analysis of leased property at December 31, 1982: )e Land $274,820 F The County leases 106 acres of land primarily for the excavation of gravel. The lease, which expires in 1985, is payable in annual installments. The County has the option to purchase the land in p 1985 for $1,100. Minimum commitments under the lease together with 1 the present value of the net minimum payments are as follows as of December 31, 1982: S Year Ending December 31, 1983 $ 48,853 1984 43,781 1985 1, 100 p Total minimum payments 93,734 C Less amount representing interest 12,313 Present value of net estimated payments 81,421 cu Current portion 40,711 Capital lease obligation-long term $ 40_,710 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1982 Note 8 - Operating Leases: On May 30, 1973, the County entered into a lease agreement for a building used by the Department of Social Services. The term of the lease is for ten years, commencing April 1, 1974 and expiring March 31, 1984. Lease expenditures for the year ended December 31 , 1982 were $88,551. Minimum commitments at December 31 , 1982 under the lease agreement are $110,689, payable as follows: Year Amount 1983 $ 88,551 1984 $ 22, 138 The County, on January 24, 1983 executed the option to purchase the building at the termination of the initial ten year term of the lease. The option purchase price is $707,300. The County leases various computer peripheral equipment. These leases are for one year at a time and may be terminated at the end of that year. Lease expense for the year ended December 31, 1982 was $42,885. Note 9 - Weld County Retirement Plan: The Weld County Retirement Plan is a defined benefit pension plan covering substantially all permanent full-time employees of Weld County. Established in 1969, the Plan provides for pension, death and disability benefits. The total pension expense for the year ended December 31, 1982 was $504, 142. Based upon the actuarial valuation report at December 31, 1982, there is no liability for unfunded past service cost. There are no statutory funding requirements for the Weld County Retirement Plan. As a condition of employment, employees are required to become members of the Plan. Employees are required to contribute 4% of monthly compensation plus 2% of monthly compensation in excess of $400. The County will match employee contributions and will make such other contributions as may be necessary to finance prior service benefits provided by the Plan. 42 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31 , 1982 Note 9 - Weld County Retirement Plan (Continued) : The County reserves the right to discontinue, at its sole discretion, all County contributions to the Plan. Such discontinuance shall be deemed to be a complete termination of the Plan. The County also reserves the right to alter, amend, or terminate the Plan, or any part thereof, in such manner as it may determine, provided that no retirement benefit payable to any employee shall be less than that provided by his accumulated contributions. In addition, no part of the Fund is recoverable by the County until the Plan has satisfied all liabilities with respect to current and former employees. Accumulated benefits of the Retirement Plan are those annual pension benefits that individual participants have accumulated under the Plan's benefit accrual provision based on their current salary and service to date. The current value of those accumulated benefits at December 31, 1982, detailed below is the aggregate of participants' accumulated benefits adjusted to reflect the life expectancy of participants and discounted for the time value of money (that is, interest) . Actuarial Present Value of Accumulated Plan Benefits: Vested Benefits: Active members $4,936,147 Retired members and beneficiaries 1,977,719 Terminated vested members 164,809 Nonvested Benefits 652,195 Total Actuarial Present Value of Accumulated Plan Benefits $7,730,870 The weighted average assumed rate of return used in determining the actuarial present value of accumulated plan benefits was 6%. Note 10 - Contingent Liabilities: The County is currently the defendant in several lawsuits. Based upon the opinion of legal counsel, these claims would be covered by the protected self-insurance and/or there does not appear to be a 43 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31 , 1982 Note 10 - Contingent Liabilities (Continued) threat of significant liability to the County. Self-insurance for liability exposure is maintained by the Insurance Fund in the Internal Service Fund group. Self-insurance is in effect for losses up to $100,000 per occurrence. Losses greater than $100,000 per occurrence, and those in excess of the aggregate stop loss, are insured by private insurance companies. County-wide annual aggregate losses are limited to $325,000. The County participates in a number of federal and state grant programs. Principal funding agencies include the Office of Revenue Sharing, Department of Labor, Community Services Administration, Department of Health and Human Services and Area Agency on Aging. These programs are subject to program compliance audits by the grantors or their representatives. The audits of these programs for the year ended December 31, 1982 have not yet been conducted. Accordingly, the County's compliance with applicable grant requirements will be established at some future date. The amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time although the County expects such amounts, if any, to be immaterial. Note 11 - Adjustment of Prior Periods: Fund balance reserved for employee benefits of the Weld County Retirement Fund (a pension trust fund) at January 1, 1982, has been restated to correct a $647,441 understatement of the valuation of investments. Contributed capital for the Computer Services Fund at January 1 , 1982 has been restated to correct a $315,000 understatement. The contribution of $315,000 was erroneously recorded as an operating transfer-in for 1981. The effect on prior period net income and working capital is as follows: Computer Retirement Fund _ Services Fund Net Working Net Working Income Capital Income Capital As Previously Reported $1, 107,829 $6,747,934 $418,742 $18,862 Prior Period Adjustment 647,441 647,441 (315,000) (315,000) As Adjusted $1,755,270 $7,395,375 $103,742 $(296, 138) 44 COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS, AND SCHEDULES orThrei WE�Yc GENERAL FUND The General Fund accounts for all financial transactions of the County that are not properly accounted for in other funds. Ordinary operations of the County such as public safety, county administration and other activities financed from taxes and general revenues are reflected in this fund. arHffin COLORADO COUNTY OF WELD STATE OF COLORADO GENERAL FUND BALANCE SHEET December 31 , 1982 ASSETS ASSETS: Cash with treasurer $ 958,843 Cash — other 111,762 Receivables (net where applicable of allowance for uncollectibles) : Accounts — ambulance service 183, 100 Accounts — other 167,349 Current property taxes 8, 139,526 Delinquent property taxes 40,836 Due from other governmental units 197,551 Due from other county funds 355,790 Advance to Special Assessment Fund 14,354 Prepaid expenses 31,184 TOTAL ASSETS $ 10,200,295 LIABILITIES AND FUND BALANCE LIABILITIES: Vouchers payable $ 213,330 Accrued liabilities 334,476 Due to other governmental units 82,763 Due to other county funds 216,278 Deferred revenue 8,139,526 Unexpended grant revenue 147, 190 Total Liabilities $ 9, 133.563 FUND BALANCE: Reserved for advance to Special Assessment Fund $ 14,354 Reserved for encumbrances 13,615 Reserved for prepaid expenses 31,184 Unreserved: Designated for subsequent year's expenditures 635, 197 Undesignated 372,382 Total Fund Balance 1,066,732 TOTAL LIABILITIES AND FUND BALANCE $ 10,200_,295 The Notes to Financial Statements are an integral part of this exhibit. 46 COUNTY OF WELD STATE OF COLORADO GENERAL FUND STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31 , 1982 REVENUE (Schedule 1) : $ 6,954,977 Taxes 954, 977 Licenses and permits 122,111 Intergovernmental revenue 197,699 Charges for services 82,826,768 Miscellaneous revenue 2, 224,708 Fee accounts 11 ,587,002 Total Revenue EXPENDITURES (Schedule 2) : Current Operating: 5,400,021 General government 5,400,021 Public safety 424,869 Public works 24,869 Public health and welfare 111,616 Culture and recreation 9,616 Conservation of natural resources 336,235 Miscellaneous 336,235 Capital outlay Total Expenditures 11,809,817 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES (222,815) OTHER FINANCING SOURCES (USES) : 115,258 Operating transfers-in (Schedule 1) (1 115, 258) Operating transfers-out (Schedule 3) Total Other Financing Sources (Uses) (1,712,912) EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES (1,935,727) AND OTHER USES FUND BALANCE, January 1, 1982 3,002,459 FUND BALANCE, December 31, 1982 $ 1,066,732 The Notes to Financial Statements are an integral part of this exhibit. 47 COUNTY OF WELD Schedule 1 STATE OF COLORADO Page 1 GENERAL FUND Schedule of Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes $ 6,850,743/ $ 6,876,420 $ (25,677) Severance tax 1,243w -0- 1,243 Tobacco products 72,088' 63,500 8,588 Penalties and interest on delinquent taxes 30,903J _ -0- 30,903 Total Taxes 6,954,977 6,939,920 15,057 LICENSES AND PERMITS: Business licenses and permits: Business licenses — :Liquor 5,9461 6,000 (54) Security licenses —0— 2,000 (2,000) Nonbusiness licenses and permits: Building permits 144,432' 147,500 (3,068) Electrical permits 47,204 52,000 (4,796) Planning commission permits 24,524' 23,740 784 Other 5 —0— 5 Total Licenses and Permits 222, 111 231,240 (9,129) INTERGOVERNMENTAL REVENUE: Federal operating grants: IV-D Incentive 75,994 60,000 15,994 State operating grants: Community Corrections 52,005 90,625 (38,620) Juvenile Diversion 28,308 44,250 (15,942) State shared revenues: State shared salaries 26,267 28,600 (2,333) Local Revenue: Cities and Towns 15,125 32,996 (17,871) Total Intergovernmental Revenue $ 197,699 $ 256,471 $ (58,772) (Continued on next page) 48 COUNTY OF WELD Schedule 1 STATE OF COLORADO Page 2 GENERAL FUND Schedule of Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) CHARGES FOR SERVICES: Social Services $ 59,567 $ 59,000 $ 567 Rescue unit fees 558,591 535,950 22,641 Public safety 15,672 17,874 (2,202) Other 192,937 279,855 (86,918) Total Charges for Services 826,767 892,679 (65,912) MISCELLANEOUS REVENUE: Earnings on investments 1,500,389 ' 1,236,667 263,722 Rents 23,784 21 ,237 2,547 Royalties 338, 146' 300,000 38, 146 A-87 cost plan 140,538-'. 170,000 (29,462) Other 221,851 173,810 48,041 Total Miscellaneous Revenue $ 2,224,708 $ 1,901,714 $ 322,994 FEE ACCOUNTS: Sheriff's fees $ 95,095 $ 63,275 $ 31,820 Clerk and recorder fees 709,630 % 630,000 79,630 Treasurer fees 315,854Z 310,000 5,854 Assessor's fees 40, 161- 39,000 1,161 Total Fee Accounts 1, 160,740 1,042,275 118,465 TOTAL REVENUE $11,587,002 $11,264,299 $ 322,703 The Notes to Financial Statements are an integral part of this schedule. 49 COUNTY OF WELD Schedule 2 STATE OF COLORADO Page 1 GENERAL FUND Schedule of Expenditures Compared with Budget Year Ended December 31 , 1982 Variance Favorable Actual Budget (Unfavorable) GENERAL GOVERNMENT: Commissioners - office of the board $ 211, 115 $ 211, 131 $ 16 County Attorney 215,523 215,575 52 Public Trustee 985 1,500 515 Planning and zoning 162,488 168,349 5,861 County Clerk 915,221 928,655 13,434 Elections and registration 248,705 267,986 19,281 County Treasurer 348,771 356,479 7,708 County Assessor 709,908 736,440 26,532 Maintenance of buildings and grounds 888,076 888,150 74 County Council 6,034 27,817 21,783 District Attorney 692,962 693,047 85 Juvenile Diversion 60,217 100,775 40,558 Financial Administration 107,603 108,004 401 General Accounting 271,801 271,880 79 Purchasing 67,711 67,745 34 Personnel 247,094 251,310 4,216 PBX Phone Service 245,807 245,873 66 Total Genera]. Government 5,400,021 5,540,716 140,695 PUBLIC SAFETY: Sheriff Administration 732,456 732,489 33 Crime control and investigation 1,534, 177 1,534,546 369 Possee - special deputies 3, 119 3, 141 22 Communications services 281,613 281,649 36 Ambulance services 629,639 629,720 81 Pierce ambulance services 23,075 23,356 281 County Coroner 40,712 40,794 82 Correctional administration 1,429,622 1,433,624 4,002 Community Corrections 35,299 65,625 30,326 Delinquents and other institutions 122,084 123,694 1,610 Building inspection 222,358 222,690 332 Civil defense 1, 155 1,659 504 Predatory animal control 20,000 22,455 2,455 Animal control 50,632 50,682 50 Pest and weed control 103,910 103,948 38 Total Public Safety 5,229,851 5,270,072 40,221 (Continued on next page) 50 COUNTY OF WELD Schedule 2 STATE OF COLORADO Page 2 GENERAL FUND Schedule of Expenditures Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) PUBLIC WORKS: General engineering $ 166,942 $ 172,412 $ 5,470 Extension services 152,505 155,560 3,055 Veterans' office 40,422 40,468 46 Airport 65,000 - 65,000 _ -0- Total Public Works 424,869 433,440 8,571 PUBLIC HEALTH AND WELFARE: Mental Health 69,458 69,458 -0- Total Health and Welfare 69,458 69,458 -0-- CULTURE AND RECREATION: Exhibition building 61,924 61,932 8 Missile site park 11,767 12,923 1, 156 County fair 37,925 38,259 334 Total Culture and Recreation 111,616 113,114 1,498 CONSERVATION OF NATURAL RESOURCES: Northern Colorado Research Center 3,000 3,000 -0- West Greeley Soil Conservation 6,812 _ 6,818 6 Total Conservation of Natural Resources 9,812 9,818 6 MISCELLANEOUS: Other 336,235 336,523 288 Total Miscellaneous 336,235 336,523 288 CAPITAL OUTLAY: Equipment 227,955 231, 105 3, 150 Total Capital Outlay 227,955 231,105 3,150 TOTAL EXPENDITURES $11,809.817 $12,004,246 $ 194,429 The Notes to Financial Statements are an integral part of this schedule. 51 COUNTY OF WELD Schedule 3 STATE OF COLORADO GENERAL FUND Schedule of Operating Transfers-in Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) Operating Transfers in: Contingent $ 115,258 $ 115,258 $ -0- TOTAL OPERATING TRANSFERS-IN $ 115,258 $ 115,258 j -0- Schedule of Operating Transfers-Out Compared with Budget Year Ended December 31 , 1982 Variance Favorable Actual Budget (Unfavorable) OPERATING TRANSFERS-OUT: Library Fund $ 346,508 $ 346,508 $ -0- Public Health Fund 444,316 444,316 -0- Human Resources Fund 11, 186 11, 186 -D- Public Works Fund - County Buildings 700,000 700,000 -0- Computer Services Fund 230,000 230,000 -0- Motor Pool 96,160 96,160 -0- TOTAL OPERATING TRANSFERS-OUT $ 1,828,170 $ 1,828,170 $ -0- The Notes to Financial Statements are an integral part of this schedule. 52 SPECIAL REVENUE FUNDS Special Revenue Funds are established to account for taxes or other earmarked revenues of the County which finance specified activities as required by law or administrative action. pa*, COLORADO COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1982 Road and Bridge Fund: The Road and Bridge Fund records all costs related to Weld County road and bridge construction and maintenance. This fund is also utilized for allocation of monies to cities and towns for use in their road and street activities. Social Services Fund: The Social Services Fund accounts for the various public welfare programs administered by the County. Federal Revenue Sharing Fund: Federal Revenue Sharing entitlements and expenditures are recorded in this fund in accordance with the regulations of the Office of Revenue Sharing. Conservation Trust Fund: The Conservation Trust Fund accounts for revenue received from the State of Colorado to be used for the acquisition, development and maintenance of new and existing conservation sites within Weld County. The funds are derived from the Colorado State Lottery. Contingent Fund: The Contingent Fund records any property tax revenue levied by the Board of County Commissioners to cover reasonably unforeseen expenditures. Public Health Fund: The Weld County Public Health Department provides health services to County residents. The fund reflects revenue and expenditures for health care, health education, health monitoring and other related activities. Library Fund: The Library Fund accounts for revenue and expenditures associated with the operation of the County library system. Human Resources Fund: The Human Resources Fund accounts for various Federal and State human service grants. Primary funding agencies are DOL, HHS, and CSA. Solid Waste Fund: This fund accounts for revenue received from a surcharge on dumping fees at solid waste disposal sites for the purpose of combating environmental problems and for further improvement and development of landfill sites within the County. Subdivision Park Site Fund: The Subdivision Park Site Fund accounts for park fees paid by subdividers for the purpose of dedicating, developing and/or reserving land for parks and/or other necessary public purposes. 53 COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET December 31, 1982 Federal Road and Social Revenue Conservation Bridge Services Sharing Trust Contingent Fund Fund Fund Fund Fund ASSETS ASSETS: Cash with treasurer S 718,224 S 818,245 $ 4,307 $ -0- $ 437,756 Cash - other 5,937 3,983 -0- -0- -0- Receivables (net where applicable of allowance for uncollectibles): Accounts 92,347 47,841 -0- -0- -0- Current property taxes 2,501,898 1,938,586 -0- -0- 604,382 Delinquent property taxes 10,595 9,136 -0- -0- 3,553 Due from other governmental units 292,565 94,962 380,480 -0- -0- Due from other county funds 488,096 -0- -0- -0- -0- Inventories 446,562 -0- -0- -0- -0 Prepaid expenses 39 -0- -0- -0- - -0- TOTAL ASSETS $ 4,556,263 $ 2,912,753 $ 384787 S -0- $ 1,045,691 LIABILITIES AND FUND BALANCE LIABILITIES: • -0- $ _0_ Cash with treasurer - overdraft $ -0- $ 45,413 $ -0- $ -0- Vouchers payable 71,309 54,560 -0- -0- Accrued liabilities 77,531 -0- -0- -0- -0- Due to other governmental units -0- 549,747 -0- -0- -0- Due to other county funds 262,821 10,199 380,480 -0- -0- Deferred revenue 2,505,868 1,938,586 -0- -0- 604,382 Unexpended grant revenue 133,938 -0- -0- -0- -0- Other liabilities -0- 30,686 -0- -0- -0- Total Liabilities 3,051,467 2,629,191 380,480 -0- 604,382 FUND BALANCE: Reserved for encumbrances 284,356 -0- -0- -0- -0- Reserved for prepaid expenses 39 -0- -0- -0- -0- Unreserved: Designated for subsequent -0- -0- 423,267 year's expenditures -0- -0- 28 67 Undesignated 1,220,401 283,562 +.,307 -0- Total Fund Balance 1,504,796 283,562 4,307 -0- 441,309 TOTAL LIABILITIES AND FUND BALANCE $ 4,556,263 $ 2,912,753 $ 3844787 $ -0- $ 1,045,691 The Notes to Financial Statements are an integral part of this exhibit. 54 Public Human Solid Subdivision Health Library Resources Waste Park Site Fund Fund Fund Fund Fund Total $ 254,941 $ 20,591 $ 151,288 $ 29,023 $ 19,857 $ 2,454,232 200 1,645 75 -0- -0- 11,840 22,695 5,518 54,121 6,172 -0- 228,694 -0- -0- -0- -0- -0- 5,044,866 -0- -0- -0- -0- -0- 23,284 531,580 -0- 1,869,909 -0- -0- 3,169,496 906 -0- 18,960 -0- -0- 507,962 -0- -0- -0- -0- -0- 446,562 -0- 263 7 -0- -0- 309 $ 810,322 $ 28,017 $ 2,094,360 $ 35,195 $ 19,857 $ 11,887,245 $ -0- $ -0- $ -0- $ -0- $ -0- $ 45,413 12,281 8,089 105,570 -0- -0- 251,809 47,427 8,928 42,935 -0- -0- 176,821 -0- -0- -0- -0- -0- 549,747 12,477 7,075 20,258 30,845 -0- 724,155 357,344 -0- 1,758,021. -0- -0- 7,164,201 -0- -p- 133,938 -0- -0- -0- -0- -0- 30,686 429,529 24,092 1,926,784 30,845 -0- 9,076,770 2,626 -0- -0- -0- -0- 286,982 -0- 263 -0- -0- -0- 302 -0- -0- -0- 2,849 -0- 426,116 378,167 3,662 167,576 1,501. 19,857 2,097,075 380,793 3,925 167,576 4,350 19,857 2,810,475 $ 810,322 $ 28,017 $ 2,094,360 $ 35,195 $ 19,857 $ 11,887,245 55 COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANCES IN FUND BALANCES Year Ended December 31, 1982 Federal Road and Social Revenue Bridge Services Sharing Conservation Fund Fund Fund Trust Contingent (Schedules (Schedules (Schedule Fund Fund 1 & 2) 3 & 4) 5) (Schedule 6) REVENUE: - - Taxes $ 2,810,831 S 1,994,163 S -0- $ -0- $ 1,191,559 Licenses and permits 241,34]. -0- -0- -0- -0- Intergovernmental revenue 2,527,583 9,553,088 1,521,115 -0- -0- Charges for services 78,502 -0- -0- -0- -0- Fines and forfeitures -0- -0- -0- -0- -0- Miscellaneous revenue 901 -0- -0- -0- -0- Total Revenue 5,659,158 11,547,251 1,521,115 -0- 1,191,559 EXPENDITURES: Current Operating: Public works 6,573,054 -0- -0- -0- -0- Public health and welfare -0- 11,407,762 -0- -0- -0- Culture and recreation -0- -0- -0- -0- Economic assistance -0- -0- -0- -0- -0- Tntragovernmental expenditures 375,305 -0- -0- -0- -0- Miscellaneous -0- -0- -0- -0- -0- Total Expenditures 6,948,359 11,407,762 -0- -0- -0- EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES (1,289,201) 139,489 1,521,115 -0- 1,191,559 OTHER FINANCING SOURCES (USES): Operating transfers-in 2,004,892 -0- -0- -0- -0- Operating transfers-out -0- -0- (1,521115) -0- (751,072) Total Other Financing Sources (Uses) 2,004,892 -0- (1521115) -0- (751,072.) EXCESS (DEFICIENCY) OF REVENUE AND OTHER SOURCES OVER EXPENDITURES AND OTHER USES 715,691 139,489 -0- -0- 440,487 FUND BALANCE, January 1, 1982 789,105 144,073 4,307 -0- 822 FUND BALANCE, December 31, 1982 $ 1,504,796 $ 283,562 S 4,307 $ -0- S 441,309 The Notes to Financial Statements are an integral part of this exhibit. 56 Public Human Solid Subdivision Health Library Resources Waste Park Site Fund Fund Fund Fund Fund (Schedules (Schedules (Schedules (Schedule (Schedule 7 & 8) 9 & 10) 11 & 12) 13) 14) Total $ -0- $ -0- $ -0- $ -0- $ -0- $ 5,996,553 -0- -0- -0- -0- -0- 241,341 920,873 27,313 2,456,578 -0- -0- 17,006,550 154,337 17,507 -0- 74,340 -0- 324,686 -0- 6,792 -0- -0- -0- 6,792 155 _ 16,012 746,183 -0- -0- 763,251 1,075,365 67,624 3,202,761. 74,340 -0- 24,3391173 -0- -0- -0- -0- -0- 6,573,054 1,398,697 -0- -0- -0- -0- 12,806,459 -0- 412,759 -0- -0- -0- 412,759 -0- -0- 3,169,957 -0- -0- 3,169,957 -0- -0- -0- -0- -0- 375,305 -0- _ -0- -0- 2,402 -0- 2 402 1,398,697 412,759 3,169,957 2,402 -0- 23,339,936 (323,332) (345,135) 32,804 71,938 -0- 999,237 444,316 346,508 11,184 -0- -0- 2,806,900 -0- -0- -0- (83,777) -0- (2,355,964) 444,316 346,508 11,184 (83,777) -0- 450,936 120,984 1,373 43,988 (11,839) -0- 1,450,173 259,809 2,552 123,588 16,189 19,857 1,360,302 $ 380,793 $ 3,925 $ 167,576 $ 4,350 $ 19,857 $ 2,810,475 57 COUNTY OF WELD Schedule 1 STATE OF COLORADO SPECIAL REVENUE FUNDS ROAD AND BRIDGE FUND Schedule of Revenue Compared with Estimate Year Ended December 31 , 1982 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes $ 2,168, 145 $ 2,148,195 $ 19,950 Specific ownership taxes 642,686 735,977 (93,291) Total Taxes 2,810,831 2,884,172 (73,341) LICENSES AND PERMITS: Nonbusiness licenses and permits: Moving permits 241,341 140,000 101,341 Total Licenses and Permits 241,341 140,000 101,341 INTERGOVERNMENTAL REVENUE: Federal operating grants: Matching funds-snow/gravel 14,056 4,000 10,056 Bankhead-Jones Grazing Act 20,766 21,767 (1,001) Mineral leasing act 83,983 25,000 58,983 Federal payments in lieu of taxes 12,449 9,927 2,522 State shared revenues: Highways and streets-prior year 10,655 -0- 10,655 Highway users tax 2,207,377 2,499,384 (292,007) Motor vehicle registration fees 178,297 170,000 8,297 Highway user-bridge special -0- 204,800 (204,800) Total Intergovernmental Revenue 2,527,583 2,934,878 (407,295) CHARGES FOR SERVICES: County roads and highways: Landfill surcharge 78,502 4,350 74, 152 Total Charges for Services 78,502 4,350 74,152 MISCELLANEOUS REVENUE: Miscellaneous 901 1,500 (599) Total Miscellaneous Revenue 901 1,500 (599) TOTAL REVENUE $ 5_,659,158 $ 5.964,900 $ (305,742) The Notes to Financial Statements are an integral part of this schedule. 58 COUNTY OF WELD Schedule 2 STATE OF COLORADO SPECIAL REVENUE FUNDS ROAD AND BRIDGE FUND Schedule of Expenditures Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) PUBLIC WORKS: Roadway construction $ 3,770,985 $ 4, 108,878 $ 337,893 Bridge construction 774,916 1,200,109 425,193 Maintenance of condition 1,749, 188 2,001,740 252,552 Administration 199, 134 207,582 8,448 Other public works 78,831 100,000 21, 169 Total Public Works 6,573,054 7,618,309 1,045,255 INTERGOVERNMENTAL EXPENDITURES: Grants-in-aid to cities/towns 375,305 391 ,690 16,385 Total Intergovernmental Expenditures 375,305 391 ,690 16, 385 TOTAL EXPENDITURES $ 6,948,359 $ 8,009,999 $ 1,061 ,640 Schedule of Operating Transfers-In Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual _ Estimate (Unfavorable) OPERATING TRANSFERS-IN: Federal Revenue Sharing Fund $ 1,521,115 $ 1,920,846 $ (399,731) Contingent Fund 400,000 -0- 400,000 Solid Waste Fund 83,777 72,741 11 ,036 TOTAL OPERATING TRANSFERS-IN $ 2,004,892 $ 1,993,587 $ 11,305 The Notes to Financial Statements are an integral part of this schedule. 59 COUNTY OF WELD Schedule 3 STATE OF COLORADO SPECIAL REVENUE FUNDS SOCIAL SERVICES FUND Schedule of Revenue Compared with Estimate Year Ended December 31 , 1982 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes $ 1 ,853,874 $ 1,851,685 $ 2, 189 Specific ownership taxes 131 ,943 145,000 (13,057) Penalties and interest on delinquent taxes 8,346 _ -0- 8,346 Total Taxes 1,994, 163 1,996,685 (2,522) INTERGOVERNMENTAL REVENUE: State Operating Grants: Administration 1 ,669, 716 1,799,279 (129,563) IV-D administration 191,918 182,250 9,668 Aid to families with dependent children 3, 572,662 3,776,000 (203,338) Aid to the blind 10, 162 7,500 2,662 Aid to needy disabled 287,854 296,000 (8, 146) Day care - ordinary 173, 196 316,000 (142,804) Child welfare 675, 169 714,800 (39,631) Old age pension 1,678,600 1 ,615,000 63,600 Indo-Chinese refugee assistance 28,397 33,000 (4,603) Medical transportation 7, 161 7,500 (339) Energy assistance 1,258,253 _ 1,564,800 (306,547) Total Intergovernmental Revenue 9,553,088 10,312, 129 (759,041) TOTAL REVENUE $11,547,251 $12,308,814 $ (761 ,563) The Notes to Financial Statements are an integral part of this schedule. 60 COUNTY OF WELD Schedule 4 STATE OF COLORADO SPECIAL REVENUE FUNDS SOCIAL SERVICES FUND Schedule of Expenditures Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) PUBLIC HEALTH & WELFARE: Administration $ 2, 196,740 $ 2,352,814 $ 156,074 IV-D administration 252,297 243,000 (9,297) Aid to families with dependent children 4,465,588 4,720,000 254,412 Aid to the blind 12,015 7,500 (4,515) Aid to needy disabled 353, 182 370,000 16,818 Day care - ordinary 216,495 395,000 178,505 Child welfare 843,388 893,500 50,112 Old age pension 1,678,600 1 ,615,000 (63,600) Indo-Chinese refugee assistance 28,397 33,000 4,603 Medical transportation 7, 161 7,500 339 General assistance 94,585 96,000 1,415 Energy assistance 1,259,314 1,575,500 316,186 Total Public Health & Welfare 11,407,762 12,308,814 901,052 TOTAL EXPENDITURES $11,407,762 $12.308,814 $ 901052 The Notes to Financial Statements are an integral part of this schedule. 61 COUNTY OF WELD Schedule 5 STATE OF COLORADO SPECIAL REVENUE FUNDS FEDERAL REVENUE SHARING FUND Schedule of Revenue Compared with Estimate Year Ended December 31 , 1982 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: Federal entitlements $ 1 ,521,115 S 1 ,520,846 $ 269 Total Intergovernmental Revenue 1,521 , 115 1,520,846 269 TOTAL REVENUE $ 1,521 , 115 S 1 ,520,846 $ 269 Schedule of Operating Transfers-Out Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) OPERATING TRANSFERS-OUT: Road and Bridge Fund $ 1,521 , 115 $ 1,520,846 $ (269) TOTAL OPERATING TRANSFERS-OUT $ 1,521,115 $ 1 ,520,846 $ (269) The Notes to Financial Statements are an integral part of this schedule. 62 COUNTY OF WELD Schedule 6 STATE OF COLORADO SPECIAL REVENUE FUNDS CONTINGENT FUND Schedule of Revenue Compared with Estimate Year Ended December 31 , 1982 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes $ 1, 107,466 $ 1 , 109,777 $ (2,311) Specific ownership taxes 79,090 -0- 79,090 Penalties/interest on delinquent taxes 5,003 -0- 5,003 Total Taxes 1 , 191,559 1, 109,777 81,782 TOTAL REVENUE $ 1, 191,559 $ 1, 109,777 $ 81,782_ Schedule of Expenditures Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual. Budget (Unfavorable) MISCELLANEOUS: Other $ -0- $ 358,705 $ 358,705 Total Miscellaneous -0- 358,705 358,705 TOTAL EXPENDITURES $ -0- 1_ 358,705_ $ 358,705 Schedule of Operating Transfers-Out Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) OPERATING TRANSFERS-OUT: General Fund $ 115,258 $ 115,258 $ -0- Road and Bridge Fund 400,000 400,000 -0- Public Works 235,814 235,814 -0- TOTAL OPERATING TRANSFERS-OUT $ 751,072 $ 751,072 $ -0- The Notes to Financial Statements are an integral part of this schedule. 63 COUNTY OF WELD Schedule 7 STATE OF COLORADO SPECIAL REVENUE FUNDS PUBLIC HEALTH FUND Schedule of Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: Federal operating grants: National Institute on Alcohol Abuse and Alcoholism (NIAAA) $ 69,681 $ 14,873 $ 54,808 Medicare 6, 190 -0- 6, 190 EPA 18, 116 11,214 6,902 State operating grants: State per capita 210,620 126, 119 84,501 Alcohol rehabilitation 361 ,665 340,015 21,650 Family planning 84,891 78, 100 6,791 Other 143,859 96, 117 47,742 Local: Alcohol Recovery 20,849 20,849 -0- Mental Health 5,002 6,669 (1 ,667) Total Intergovernmental Revenue 920,873 693,956 226,917 CHARGES FOR SERVICES: Health: Laboratory 11,058 14, 128 (3,070) Alcohol rehabilitation 49,483 35,000 14,483 Nursing 19,699 20,000 (301) Home health care 1,086 -0- 1,086 Environmental Health 59,211 46,576 12,635 Other 13,800 10,000 3,800 Total Charges for Services 154, 337 125, 704 28,633 MISCELLANEOUS REVENUE 155 -0- 155 TOTAL REVENUE $ 1,075,365 $ 819,660 $ 255,705 The Notes to Financial Statements are an integral part of this schedule. 64 COUNTY OF WELD Schedule 8 STATE OF COLORADO SPECIAL REVENUE FUNDS PUBLIC HEALTH FUND Schedule of Expenditures Compared with Budget Year Ended December 31 , 1982 Variance Favorable Actual Budget (Unfavorable) PUBLIC HEALTH AND WELFARE: Administration $ 6,066 $ 9,010 $ 2,944 Health education 32,925 32,959 34 Laboratory 142,098 142, 165 67 Alcohol rehabilitation 438,964 448,716 9,752 General nursing 573,503 591 ,794 18,291 Environmental health 205, 141 205,242 101 Total Public Health and Welfare 1,398,697 1,429,886 31, 189 TOTAL EXPENDITURES $ 1 ,398,697 $ 1,429,886 $ 31, 189 Schedule of Operating Transfers-In Compared with Estimate Year Ended December 31 , 1982 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS-IN: General Fund $ 444,316 $ 444,316 $ -0- TOTAL OPERATING TRANSFERS-IN $ 444,316 $ 444,316 $ The Notes to Financial Statements are an integral part of this schedule. 65 COUNTY OF WELD Schedule 9 STATE OF COLORADO SPECIAL REVENUE FUNDS LIBRARY FUND Schedule of Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: State Operating Grants: System Area Resource Center $ 27,313 $ 36,286 $ (8,973) Total Intergovernmental Revenue 27, 313 36,286 (8,973) CHARGES FOR SERVICES: Library use treasurer 17,507 20,000 (2,493) Total Charges for Services 17,507 20,000 (2,493) FINES AND FORFEITURES: Library fines 6,792 4,800 1,992 Total Fines and Forfeitures 6,792 4,800 1,992 MISCELLANEOUS REVENUE: Rent 1,200 1,200 --0- Other 14,677 -0- 14,677 Donations 135 500 (365) Total Miscellaneous Revenue 16,012 1 ,700 14,312 TOTAL REVENUE $ 67,624 $ 62786 $ 4,838 The Notes to Financial Statements are an integral part of this schedule. 66 COUNTY OF WELD Schedule 10 STATE OF COLORADO SPECIAL REVENUE FUNDS LIBRARY FUND Schedule of Expenditures Compared with Budget Year Ended December 31 , 1982 Variance Favorable Actual Budget (Unfavorable) CULTURE AND RECREATION: Weld County Library $ 387,445 $ 375,134 $ (12,311) System Area Resource Center 25,314 34,160 8,846 Total Culture and Recreation 412,759 409,294 (3,465) TOTAL EXPENDITURES $ 412,759 $ 409,294 $ (3,465) Schedule of Operating Transfers-In Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS-IN: General Fund $ 346,508 $ 327,961 $ 18,547 TOTAL OPERATING TRANSFERS-IN $ 346,508 $ 327.961 $ 18,547 The Notes to Financial Statements are an integral part of this schedule. 67 COUNTY OF WELD Schedule 11 STATE OF COLORADO SPECIAL REVENUE FUNDS HUMAN RESOURCES FUND Schedule of Revenue Compared with Estimate Year Ended December 3I , 1982 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: Federal Operating Grants: Comprehensive Employment Training Act $ 1, I23,092 $ 1, 108, 108 $ 14,984 Community Services Administration 142,836 142,836 -0- Headstart 470,918 468,995 1,923 State Operating Grants: Weatherization 16,687 16,687 -0- Supplemental Foods 67,561 42,759 24,802 Work Incentive 6,027 6,027 -0- Area Agency on Aging 362,273 283,060 79,213 Job Service 189, 149 143, 184 45,965 Local Sources: Transportation 45,316 36,168 9, 148 Welfare Diversion 32,719 -0- 32,719 Total Intergovernmental Revenue 2,456,578 2,247,824 208,754 MISCELLANEOUS REVENUE: Program Income 56,346 41 ,268 15,078 Other Non-Federal income 3,755 215 3,540 Total Miscellaneous Revenue 60, 101 41,483 18,618 TOTAL BUDGETED REVENUES 2,516,679 $ 2,289,307 $ 227,372 NON-FEDERAL IN-KIND CONTRIBUTIONS 686,082 TOTAL REVENUE $ 3,202,761 Schedule of Operating Transfers-In Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual _ Estimate (Unfavorable) OPERATING TRANSFERS-IN: General Fund $ 11, 184 $ 9,128 $ 2,056 TOTAL OPERATING TRANSFERS-IN $ 11.184 $ 9,128 $ 2,056 The Notes to Financial Statements are an integral part of this schedule. 68 COUNTY OF WELD Schedule 12 STATE OF COLORADO SPECIAL REVENUE FUNDS HUMAN RESOURCES FUND Schedule of Expenditures Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) ECONOMIC ASSISTANCE: Comprehensive Employment and Training Act $ 1, 123,092 $ 1,108, 108 $ (14,984) Community Services Administration 159,390 148,004 (11,386) Headstart 474,673 469,210 (5,463) Weatherization 16,687 16,687 -0- Supplemental Foods 72,697 42,759 (29,938) Work Incentive 6,027 6,027 -0- Area Agency on Aging 429,803 333,456 (96,347) Job Service 189, 149 143, 184 (45,965) Transportation 12,357 31,000 18,643 TOTAL BUDGETED EXPENDITURES $ 2,483,875 $ 2,298.435 $ (185.440) In-kind expenditures: Comprehensive Employment and Training Act 36, 140 Community Services Administration 408,538 Headstart 150,094 Supplemental Foods 1,343 Area Agency on Aging 69,571 Job Service 20,396 Total Economic Assistance 686,082 TOTAL EXPENDITURES $ 3. 169.957 The Notes to Financial Statements are an integral part of this schedule. 69 COUNTY OF WELD Schedule 13 STATE OF COLORADO SPECIAL REVENUE FUNDS SOLID WASTE FUND Schedule of Revenue Compared with Estimate Year Ended December 31 , ]982 Variance Favorable Actual Estimate (Unfavorable) CHARGES FOR SERVICES: Surcharge on dumping fees $ 74,340 $ 70,000 $ 4,340 Total Charges for Services 74,340 70,000 4,340 TOTAL REVENUE $ 74,340 S70,000 $ 4.340 Schedule of Expenditures Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual _ Budget (Unfavorable) MISCELLANEOUS: Other $ 2,402 $ -0- $ (2,402) Total Miscellaneous 2,402 -0- (2,402) TOTAL EXPENDITURES $ 2,402 $ -0- $ (2.402) Schedule of Operating Transfers-Out Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) OPERATING TRANSFERS-OUT: Road and Bridge Fund $ 83,777 $ 86,187 $ (2,410) TOTAL OPERATING TRANSFERS—OUT $ 83,777 $ 86, 187 $ (2,410) The Notes to Financial Statements are an integral part of this schedule. 70 COUNTY OF WELD Schedule 14 STATE OF COLORADO SPECIAL REVENUE FUNDS SUBDIVISION PARK SITE FUND Schedule of Expenditures Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual. Budget (Unfavorable) CAPITAL OUTLAY: Land $ -0- $ 19,857 $ 19,857 Total Capital Outlay -0- 19,857 19,857 TOTAL EXPENDITURES $ -0- $ 19,857 $ 19,857 The Notes to Financial Statements are an integral part of this schedule. 71 CAPITAL PROJECTS FUNDS Capital Projects Funds are established to account for financial resources used for the acquisition or improvement of the capital facilities of the County. WIDC. COLORADO COUNTY OF WELD STATE OF COLORADO CAPITAL PROJECTS FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31 , 1982 Public Works Fund - County Buildings: This fund accounts for various capital improvement projects on County buildings. 73 COUNTY OF WELD STATE OF COLORADO CAPITAL PROJECTS FUNDS PUBLIC WORKS FUND - COUNTY BUILDINGS BALANCE SHEET December 31 , 1982 ASSETS ASSETS: Cash with treasurer $ 1 ,225,356 Receivables (net where applicable of allowance for uncollectibles) : Current property taxes 206,602 Delinquent property taxes 826 TOTAL ASSETS $ 1.432,784 LIABILITIES AND FUND BALANCE LIABILITIES: Vouchers payable $ 69,418 Due to other county funds 10,894 Deferred revenue 206,602 Total Liabilities 286,914 FUND BALANCE: Reserved for encumbrances 56, 190 Unreserved: Designated for subsequent year's expenditures 1,031,732 Undesignated 57,948 Total Fund Balance 1, 145,870 TOTAL LIABILITIES AND FUND BALANCE $ 1,432,784 The Notes to Financial Statements are an integral part of this exhibit. 74 COUNTY OF WELD STATE OF COLORADO CAPITAL PROJECTS FUNDS PUBLIC WORKS FUND - COUNTY BUILDINGS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Year Ended December 31 , 1982 REVENUE (Schedule 1) : Taxes $ 215,291 Total Revenue 215,291 EXPENDITURES (Schedule 1) : Capital outlay 257,780 Total Expenditures 257,780 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES (42,489) OTHER FINANCING SOURCES (Schedule 1) : Operating Transfers-In 935,814 Total Other Financing Sources 935,814 EXCESS OF REVENUE AND OTHER SOURCES OVER EXPENDITURES 893,325 FUND BALANCE, January 1, 1982 _ 252,545 FUND BALANCE, December 31 , 1982 $ 1, 145,870 The Notes to Financial Statements are an integral part of this exhibit. 75 COUNTY OF WELD Schedule 1 STATE OF COLORADO CAPITAL PROJECTS FUNDS PUBLIC WORKS FUND - COUNTY BUILDINGS Schedule of Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) TAXES:General property taxes $ 200,068 $ 200,266 $ (198) 7(299 Specific ownership taxes 14,299 7, 6 Interest and penalties on 924 -0- 924 delinquent taxes Total Taxes 215,291 207,266 8,025 TOTAL REVENUE $ 215.291 $ 207.266 $ 8.025 Schedule of Expenditures Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) CAPITAL OUTLAY: 471,138 $ 213,358 Building improvements $ 257,780 $ Total Capital Outlay 257,780 471,138 213,358 TOTAL EXPENDITURES $ 257.780 $ 471.138 $ 213.358 Schedule of Operating Transfers-In Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS-IN: _0_ General Fund $ 700,000 $ 700,000 $ 235,814 235,814 -0- Contingent TOTAL OPERATING TRANSFERS-IN $ 935.814 $ 700.000 $ 235,814 The Notes to Financial Statements are an integral part of this schedule. 76 SPECIAL ASSESSMENT FUNDS Special assessment funds are used to account for the financing of public improvements or services deemed to benefit the properties against which special assessments are levied. fOoct avoi yule COLORADO COUNTY OF WELD STATE OF COLORADO SPECIAL ASSESSMENT FUND EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1982 Improvement District Number 1981-2 Elmore Road: This special assessment fund accounts for the Elmore Road paving project, including subsequent collection of the special assessment from affected property owners. Financing was provided through an advance from the General Fund since the size of the improvement district project made bond financing impractical. • 77 COUNTY OF WELD STATE OF COLORADO SPECIAL ASSESSMENT FUNDS BALANCE SHEET December 31, 1982 ASSETS Improvement District Number 1981-2 Elmore Road ASSETS: Cash with treasurer $ 2,801 Special assessments receivable: Current 1,595 Deferred 12,759 TOTAL ASSETS $ 17,155 LIABILITIES AND FUND BALANCE LIABILITIES: Due to other county funds $ 2,801 Deferred revenue 22,308 Advance from General Fund: Current 1,595 Deferred 12,759 Total Liabilities 39,463 FUND BALANCE: Unreserved: Undesignated (22,308) Total Fund Balance (deficit) (22,308) TOTAL LIABILITIES AND FUND BALANCE $ 17.155 The Notes to Financial Statements are an integral part of this exhibit. 78 COUNTY OF WELD STATE OF COLORADO SPECIAL ASSESSMENT FUNDS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Year Ended December 31, 1982 Improvement District Number 1981-2 Elmore Road REVENUE (Schedule 1) : Miscellaneous revenue $ 7,662 Total Revenue 7,662 EXPENDITURES (Schedule 1) : Debt service 4,874 Total Expenditures 4,874 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES 2,788 FUND BALANCE (Deficit) , January 1 , 1982 (25,096) FUND BALANCE (Deficit) , December 31 , 1982 $ (22,308) The Notes to Financial Statements are an integral part of this exhibit. 79 COUNTY OF WELD Schedule 1 STATE OF COLORADO SPECIAL ASSESSEMENT FUND IMPROVEMENT DISTRICT NUMBER 1981-2 ELMORE ROAD Schedule of Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) MISCELLANEOUS REVENUE: Special assessments $ 2,788 $ -0- $ 2,788 Earnings on investments 4,874 -0- 4,874 Total Miscellaneous Revenue 7,662 -0- 7,662 TOTAL REVENUE $ _7,662 $ -0- $ 7.662 Schedule of Expenditures Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) EXPENDITURES: Debt Service $ 4,874 $ -0- $ (4,874) TOTAL EXPENDITURES $ 4.874 $ -0- $ (4,874) The Notes to Financial Statements are an integral part of this schedule. 80 INTERNAL SERVICE FUNDS Internal Service Funds are established to account for goods and services provided to other departments of the County on a cost-reimbursement basis. 6\(111111 W�`Pe COLORADO COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1982 Motor Vehicle Fund: This fund accounts for the revenue and costs generated by equipment and vehicles rented to the Road and Bridge Fund and to various departments of other County funds. Printing and Supply Fund: This fund accounts for revenue and costs associated with providing printing services and the supply and stores function of the County. Computer Services Fund: This fund accounts for all data processing services provided to the County and other agencies on a cost-reimbursement basis. Insurance Fund: This fund accounts for all insurance costs for the County. The program is a combination of insured risks and protected self-insurance risks. 81 • COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS COMBINING BALANCE SHEET December 31, 1982 Computer Motor Vehicle Printing and Services Insurance Fund Supply Fund Fund Fund Total ASSETS CURRENT ASSETS: Cash with treasurer $ 461,068 $ 40,191 $ 74,254 $ 274,656 $ 850,169 Cash - other 50 -0- -0- -0- 50 Receivables (net where applicable of allowance for uncollectibles): Accounts 12,567 1,217 16,954 1,659 32,397 Current property taxes -0- -0- -0- 463,578 463,578 Delinquent property taxes -0- -0- -0- 1,300 1,300 Due from other governmental units -0- -0- 29,436 -0- 29,436 Due from other county funds 287,458 -0- 109,381 2,994 399,833 _ Inventories 362,910 74,517 -0- -0- 437,427 Prepaid expenses 11 4 2:005 -0- 2,020 Total Current Assets 1,124,064 115,929 232.030 744,187 2,216,210 . FIXED ASSETS: Land 414,574 -0- ;0- -0- 414,574 Land under capital lease (Note 4) 274,82x) -0- '-0- -0- 274,820 Land improvements 26,506 -0- -0- -0- 26,506 Buildings 695,791 -0- -0- -0- 695,791 Equipment and furniture 6,819,892 33,678 1.,072,061 -0- 7,925 631 1,231,583 31,673 1,072,061 -0- 9,337,322 Less: Accumulated depreciation (3,501,965) (19,496) (256 191) -0- (3,777,652) Total Fixed Assets - 4,729,618 1-----2-__4 182 815,870 -0- 5,559,670 TOTAL ASSETS $ 5,853,682 $ 130,111 $ 1 047,900 $ 7441187 S 7,775,880 LIABILITIES AND FUND EQUITY CURRENT LIABILITIES: Vouchers payable $ 85,420 $ 13,677 $ 2,544 $ 20,627 $ 122,268 17 521 1,247 39,683 -0- 58,451 Accrued liabilities � 6,100 Due to other governmental units -0- -0- 6,100 -0- Due to other county funds 7,486 2,554 1.,490 15,50227,032 Current portion of capital -0- -0- 40,711 lease obligation (Note 4) 40,711 -0- Current portion of. long-term debt (Note 5) -0- -0- 67,982 2 -0- 463,982 2 Deferred revenue -0- -0- 463,578 , Total Current Liabilities 151,138 17,478 117,799 499,707 786,122 CAPITAL LEASE OBLIGATION (NOTE 4) 40,710 -0- -0- -0- 40,710 Total Liabilities 191,848 17,478 117,799 499,707 826,832 FUND EQUITY: 5 523 306 Contributed capital 4,857,707 120,599 545,000 -0- Retained Earnings: -0- -0- -0- 213,589 213,589 Reseved for claims Unreserved 804,127 (7,966) 385,101 30,891 1,212,153 Total Retained Earnings 804,127 (7966) 385,101 244,480 1,425,742 Total Fund Equity 5,661,834 112,633 930,101 244,480 6,949,048 TOTAL LIABILITIES AND FUND EQUITY $ 5,853,682 $ 130,111 S 1,047,900 $ 744,187 $ 7,775,880 The Notes to Financial Statements are an Integral part of this exhibit. 82 COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL Year Ended December 31, 1982 Computer Motor Vehicle Printing and Services Insurance Fund Supply Fund Fund Fund Total CONTRIBUTED CAPITAL, -0- $ 4,882,146 January 1, 1982 $ 4,761,547 $ 120,599 S -0- $ Adjustment to prior periods (Note 11) -0- -0- 315,000 -0- 315,000 Add: 1982 contributions from General Fund 96,160 -0- 2301000 -0- 326,160 CONTRIBUTED CAPITAL, December 31, 1982 S 4,857,707 $ 120,599 $545:000 $ -0- S 51523,306 The Notes to Financial Statements are an integral part of this exhibit. 83 COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS Year Ended December 31, 1982 Computer Motor Vehicle Printing and Services Insurance Fund Supply Fund Fund Fund (Schedules (Schedule (Schedules (Schedules 1 & 2) 4 & 5) 6 & 7) Total OPERATING REVENUE: S -0- S _0_ $ -0- $ 435,912 $ 435,912 Taxes Charges for services 2,592,700 _ 124,546 _1778„7,.428 34,038 4,538,712 Total Operating Revenue 2,592,700 124,546 1,787,428 469,950 4,974,624 OPERATING EXPENSES: Personnel services 473,629 33,288 1,000,203 -0- 1,507,120 Contractual services 2,034 614 215,332 55,015 272,995 10,110 3,503 57,702 10,474 81,789 Supplies _0- -0- 1,211,753 . Materials 1,142,950 68,803 Heat, light and power 48,993 -0- -0 1 054_ _0_ 48,993 93 Depreciation 854,506 4,051 196,056 -0- > > 25 418 16,572 -0- -0- 41,990 Insurance and maintenance and dabondnanceonds -0- -0- -0- 333,074 333,074 Claims -0- -0- -0- 131,932 131,932 55 996 -0- 14,761 -0- 70,757 Other expenses � 2,613 636 126 831 1,4842054 530,495 4,755,016 Total Operating Expenses : —___.2._ — Operating Income (Loss) (20,936) (2,285) 303,374 (60,545) 219,608 NONOPERATING REVENUE (EXPENSES): 3,453 -0- -0- -0- 3,453 Farm income 77 730 -0- -0- -0- 77,730 Gain on g sale of fixed m assets -0- -0- 19,276 19,276 Earnings on investments -0- 23 -0- -0- -0- Interest expense and damages (20,271) -0- (22 5) -0- (42,286) Interest Total Nonoperating 60,912 912 -0- (22,015) 19,299 58196 Revenue (Expenses) NET INCOME (LOSS) 39,976 (2,285) 281 359 (41,246) 277,804 RETAINED EARNINGS, (DEFICIT), 681) l0"{ 742 285 726 1,147,938 January 1, 1982 7� 64,51 —.12.1 i' --�-- RETAINED EARNINGS (DEFICIT), $ 804,127 S (7 966) S 385,101 S 244,48 $0 1+425,742 December 31, 1982 The Notes to Financial Statements are an integral part of this exhibit. 84 COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION Year Ended December 31, 1982 Computer Motor Vehicle Printing and Services Insurance Fund Supply Fund Fund Fund Total WORKING CAPITAL PROVIDED: Net Income (Loss) $ 39,976 $ (2,285) $ 281,359 S (41,246) $ 277,804 Add: Expenses deducted which did not require outlay of working capital: Depreciation 854,506 4,051 196,056 -0- 1,054,613 Less: Gain on sale of fixed assets (77,730) -0- -0- -0- (77,730) Working capital provided from (used in) operations 816,752 1,766 477,415 (41,246) 1,254,687 Contributions from general fund 96,160 -0- 230,000 -0- 326,160 Proceeds from sale of fixed assets 182,198 -0- -0- -0- 182,198 Total Working Capital Provided (used in) 1,095,110 1,766 707,415 (41,246) 1,763,045 WORKING CAPITAL APPLIED: Acquisition of fixed assets 1,150,360 2,106 415,277 -0- 1,567,743 Payments and current maturities of long-term debt and capital lease obligations 40,711 -0- 196769 -0- 237,480 Total Working Capital Applied 1,191,071 2,106 612,046 -0- 1,805,223 INCREASE (DECREASE) IN WORKING CAPITAL $ (95,961) S (340) $ 95,369 $ (41,246) $ (42,178) CHANGES IN COMPONENTS OF WORKING CAPITAL: Increase (decrease) in current assets: 6,274 Cash with treasurer $ (33,117) $ 3,215 $ 74,254 $ (38,078) S Receivables: Accounts (2,199) (711) (78,595) (405,190) 486 695) ( , Current property taxes -0- -0- -0- 463,578 463,578 Delinquent property taxes -0- -0- -0- 1,300 1,300 Due from other governmental units -0- -0- (59,208) (547) (59,755) Due from other county funds (125,960) (15,090) 23,595 2,523 (114,932) Inventories 17,761 23,240 -0- -0- 41,001 Prepaid expenses 11 4 (3,995) -0- (3,980) Net increase (decrease) in current assets (143t504) 10,658 (43,949) 23,586 (1209) (Increase) decrease in current liabilities:Cash with treasurer-overdraft -0- -0- 11,062 -O 1 11,062 1, Vouchers payable 8,041 2,557 58,329 8,19177,118 9,406 Accrued liabilities 1,798 69 7,539 -0- Due to other governmental units -0- -0- (6,100) -0- (6,100) Due to other county funds 33,894 (13,624) 82,497 (15,234) 87,533 Current portion of long-term debt (1) -0- (14,009) -0- (14,010) Deferred revenue -0- -0- -0- (57,789) (57,789) Other liabilities 3,811 -0- -0- -0- 3,811 Net (increase) decrease in current liabilities 47,543 (10,998) 139,318 (64,832) 111031 INCREASE (DECREASE) IN WORKING CAPITAL $ (95,961) S (340) $ 95,369 $ (41,246) $ (42,178) The Notes to Financial Statements are an integral part of this exhibit. 85 COUNTY OF WELD Schedule 1 STATE OF COLORADO INTERNAL SERVICE FUNDS MOTOR VEHICLE FUND Schedule of Operatin$ Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) OPERATING REVENUE: Charges for services $ 2,592,700 $ 2,871,873 $ (279,173) TOTAL OPERATING REVENUE $ 2,592,700 $ 2,871,873 $ (279,173) Schedule of Operating Expenses Compared with Budget Year Ended December 31 , 1982 Variance Favorable Actual Budget (Unfavorable) OPERATING EXPENSES: 486,578 $ 12,949 Personnel services $ 473,629 $ 2,034 41,865 39,831 Contractual services 16,420 6,310 Supplies 10,110 1,142,950 1,234,385 91,435 Materials 54,485 5,492 Heat, light and power 48,993 854,506 901,626 47,120 Depreciation 40, 150 14,732 Repairs and maintenance 25,418 Other expenses 55,996 121,866 65,870 TOTAL OPERATING EXPENSES $ 2.613.636 $ 2,897.375 $ 283.739 Schedule of Non-Operating Expenses Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) NONOPERATING EXPENSES: 20,271 $ -0_ Interest Expense $ 20,271 $ -0- TOTAL NON-OPERATING EXPENSES $ 20.271 $ 20.271 $ The Notes to Financial Statements are an integral part of this schedule. 86 COUNTY OF WELD Schedule 2 STATE OF COLORADO INTERNAL SERVICE FUNDS MOTOR VEHICLE FUND Schedule of Nonoperating Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) NONOPERATING REVENUE: Farm income $ 3,453 $ -0- $ 3,453 Gain on sale of fixed assets 77,730 98,480 (20,750) TOTAL NONOPERATING REVENUE $ 81,183 $ 98,480 $ (17,297) Schedule of Fixed Asset Acquisitions Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) FIXED ASSET ACQUISITIONS: 4,117 Land and improvements $ 48,807 $ 52,924 $ Buildings 36,493 21,177 (15,316) Equipment and furniture _ 1,065,060 1,224,049 158,989 TOTAL FIXED ASSET ACQUISITIONS $ 1,150,360 $ 1,298,150 $ 147,790 The Notes to Financial Statements are an integral part of this schedule. 87 COUNTY OF WELD Schedule 3 STATE OF COLORADO INTERNAL SERVICE FUNDS PRINTING AND SUPPLY FUND Schedule of Operating Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) OPERATING REVENUE: Charges for services $ 124,546 $ 106,099 $ 18,447 TOTAL OPERATING REVENUE $ 124,546 $ 106,099 $ 18.447 Schedule of Operating Expenses Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) OPERATING EXPENSES: 125 Personnel services $ 33,288 $ 33,413 $ Contractual services 614 500 (114) Supplies 3,503 4,025 522 Materials 68,803 66,537 (2,266) Depreciation 4,051 9,566 5,515 Repairs and maintenance 16,572 9,617 (6,955) TOTAL OPERATING EXPENSES $ 126,831 $ 123.658 $ (3,173) Schedule of Fixed Asset Acquisition Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) FIXED ASSET ACQUISITIONS: Equipment and furniture $ 2, 106 $ -0- $ (2,106) TOTAL FIXED ASSET ACQUISITION $ _ 2.106 $ -0- $ (2,106) The Notes to Financial Statements are an integral part of this schedule. 88 COUNTY OF WELD Schedule 4 STATE OF COLORADO INTERNAL SERVICE FUNDS COMPUTER SERVICES FUND Schedule of Operating Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) OPERATING REVENUE: Charges for services $ 1,787,428 $ 1,794,961 $ (7,533) TOTAL OPERATING REVENUE $ 1,787,428 $ 1.794,961 $ (7.533) Schedule of Operating Expenses Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) OPERATING EXPENSES:Personnel services $ 1,000,203 $ 1,032,522 $ 32,319 Contractual services 215,332 267,888 52,556 57,702 66,905 9,203 Supplies 66,834 (129,222) Depreciation 196,056 Other expenses 14,761 11,286 (3,475) TOTAL OPERATING EXPENSES $ 1.484.054 $ 1,445.435 $ C38.619) The Notes to Financial Statements are an integral part of this schedule. 89 COUNTY OF WELD Schedule 5 STATE OF COLORADO INTERNAL SERVICE FUNDS COMPUTER SERVICES FUND Schedule of Non-operating Expenses Compared with Budget Year Ended December 31 , 1982 Variance Favorable Actual Budget (Unfavorable) NONOPERATING EXPENSES: 1,396 Interest expense $ 22,015 $ 23,411 $ TOTAL NONOPERATING EXPENSES 1_22,015 $ 23,411 $ 1,396 Schedule of Fixed Asset Acquisitions Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) Fixed Asset Acquisitions: 141,891 Equipment $ 415,277 $ 557, 168 $ TOTAL FIXED ASSET ACQUISITIONS $ 415,277 $ 557, 168 $ 141,891 The Notes to Financial Statements are an integral part of this schedule. 90 COUNTY OF WELD Schedule 6 STATE OF COLORADO INTERNAL SERVICE FUNDS INSURANCE FUND Schedule of Operating Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) OPERATING REVENUE: General property tax $ 405,143 $ 405,789 $ (646) Specific ownership tax 28,939 -0- 28,939 Penalties and interest on delinquent taxes 1,830 -0- 1,830 Charges for services 34,038 21,469 12,569 TOTAL OPERATING REVENUE $ 469,950 $ 427,258 $ 42,692 Schedule of Operating Expenses Compared with Budget Year. Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) OPERATING EXPENSES: Contractual services $ 55,015 $ 65,490 $ 10,475 Supplies 10,474 2,500 (7,974) Insurance and Bonds 333,074 315,737 (17,337) Claims 131,932 151,000 19,068 TOTAL OPERATING EXPENSES $ 530,495 $ 534,727 $ 4,232 The Notes to Financial Statements are an integral part of this schedule. 91 COUNTY OF WELD Schedule 7 STATE OF COLORADO INTERNAL SERVICE FUNDS INSURANCE FUND Schedule of Non-operating. Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) NONOPERATING REVENUE: Earnings on investments $ 19,276 $ 50,000 $ (30,724) 3 Judgements and damages 23 -0- TOTAL NONOPERATING REVENUE $ 19,299 $ 50,000 $ X30,701) The Notes to Financial Statements are an integral part of this schedule 92 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. '50:t '>GH COLORADO COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1982 Pension Trust Funds: Weld County Retirement Fund: The Weld County Retirement Fund accounts for the defined benefit retirement pension plan which covers substantially all permanent, full-time employees of Weld County. Expendable Trust Funds: Weld County General Hospital Trust Fund: This fund accounts for the revenue and related capital expenditures as required by the Weld County General Hospital Board of Trustees, an autonomous board responsible for administering the operations of the hospital. Antelope Hills Trust Fund: This fund accounts for cash held in trust for the homeowners within the Antelope Hills Subdivision. Agency Funds: General Agency Fund: This fund accounts for all monies collected (principally tax collections) by the Weld County Treasurer for various other local governmental units within the County. Payroll Agency Fund: This fund accounts for the accumulation of County payrolls and related withholdings. Disbursements are made to the appropriate financial institutions through the payroll direct deposit system and the various vendors for the withholdings. Greeley Video Agency Fund: This fund accounts for the accumulation of deposits made by various cable organizations. 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H 000 CJH0C C] 0. a CO ill Ia070 1a O a 94 COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES - ALL PENSION TRUST FUNDS Year Ended December 31 , 1982 Weld County Retirement Fund OPERATING REVENUE: Net appreciation (depreciation) in fair value of investments (Note 11) $ 502,895 Earnings on investments 571,561 Contributions 1, 191,786 Total Operating Revenue 2,266,242 OPERATING EXPENSES: Benefit payments 217,167 Refunds 220,477 Administrative expenses: Actuary fees 29,811 Trustee fees 32,373 Audit fees 4,314 Total Operating Expenses 504,142 Income Before Operating Transfers 1,762,100 OPERATING TRANSFERS IN: General Fund 66,498 Total Operating Transfers In 66,498 Net Income 1,828,598 FUND BALANCE, January 1, 1982 6,747,934 Adjustment of prior periods (Note 11) 647,441 FUND BALANCE, January 1, 1982, as restated 7,395,375 FUND BALANCE, December 31, 1982 $ 9.223,973 The Notes to Financial Statements are an integral part of this exhibit. 95 COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PENSION TRUST FUNDS Year Ended December 31, 1982 Weld County Retirement Fund WORKING CAPITAL PROVIDED: Net Income $ 1,828,598 Working capital provided from operations 1,828,598 INCREASE IN WORKING CAPITAL $ 1,828,598 CHANGES IN COMPONENTS OF WORKING CAPITAL: Increase (decrease) in current assets: Cash with Treasurer 99,735 Cash — other (1,292) Investments 1,794,290 Receivables: Accounts 18,553 Due from other county funds (88,100) Prepaid expenses 8,801 Net increase in current assets 1,831,987 Increase in current liabilities: 3,389 Vouchers payable Net increase in current liabilities 3,389 INCREASE IN WORKING CAPITAL $ 1,828.598 The Notes to Financial Statements are an integral part of this exhibit. 96 COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL EXPENDABLE TRUST FUNDS Year Ended December 31, 1982 Weld County General Hospital Antelope Hills Trust Fund Trust Fund (Schedule 1) (Schedule 2) Total REVENUE: Taxes $ 716,434 $ -0- $ 716,434 Miscellaneous revenue 146,071 1,233 147,304 Total Revenue 862,505 1,233 863,738 EXCESS OF REVENUE OVER EXPENDITURES 862,505 1,233 863,738 FUND BALANCE, January 1, 1982 728,546 10,721 739,267 FUND BALANCE, December 31, 1982 $ 1,591,051 $ 11.954 $ 1,6.03,005 The Notes to Financial Statements are an integral part of this exhibit. 97 n n d 1 d 0 0 ••a .--1 y1 Lc) N N0 O a0 a0 U N W, c0 N N V1 V1 ul V1 N - U co H N N N N G\ H co Ft N H Q, a.-..M 4 4 4 $ c0 CO W N ul .r1 Irl U1 e•-1 (1) V) N N V) V) (/) U). 4 4 4 403 03 I I as ON G 4 J h 0 0 a. rn Q' L nJ 4 a U as O+ NO NO .O 4O 'O H HI so 'D 03 CO .-1 r' H N N A .-.1 r 1 Hi • i-1 (.) Ui V) U) V) V) V) V) •.-0 P V) co L E W ). 0 0 z 0 ~ 6 0 0 'O 'O O O `O' 'C' o. 0 O r-1 .-1 0 0 .- H a In .-1 1a •I 0 0 .w cr1 sO `3 ,.. 6 In fn ln N O O 1%. r--1 •.d F H N N N 4 4 00 I _' n w un - . . 6) L CO H H H N N 0 41 V .�-I .�-1 H HI F1 ..•1 H 6 C H N V) U) N V) V) V) U>He 03 O 7-1 N 0' 0)00 Cr) r-i ro M I~ S -'4U 3 S v v v w vw El E 4 ro m H H 6 L7 N H K1 cv.-1 cv'-1 0 0 ea 6) N N e•'1 M ....1 O 6 H 4) u N 14 n n .+ H7 u 'O G\ n n O) 0' n n G co 03 IV H 1. c0 H 4 4 ro 61 al. )1 N V) N N co,N O U D+ O 4. v) O 61 L 0 z at 0 z H z N g cc1 0 2 U Wz 0{ 0 6 C7 W U ) G 1..1 6 H C M › H 6 H H H H c'7 1-t .-7 v] a W co a I cc H z ,n 6 w a Hp 6 1-1 C q ).y N H O -C ...1 Q .( - w `6 .) 6 .-) F 4H�p..1 HHp H FJ H H pHp �� EO.1 4-I a 0 0 0 H E•1 98 COUNTY OF WELD Schedule I STATE OF COLORADO TRUST AND AGENCY FUNDS WELD COUNTY GENERAL HOSPITAL TRUST FUND Schedule of Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes $ 665,912 $ 667,000 $ (1,088) Specific ownership taxes 47,517 53,000 (5,483) Interest and penalties on delinquent taxes 3,005 -0- 3,005 Total Taxes 716,434 720,000 (3,566) MISCELLANEOUS REVENUE: Earnings on investments 146,071 50,000 96,071 Total Miscellaneous Revenue 146,071 50,000 96,071 TOTAL REVENUE $ 862,505 $ 770.000 $ 92.505 Schedule of Expenditures Compared with Budget Year Ended December 31, 1982 Variance Favorable Actual Budget (Unfavorable) CAPITAL OUTLAY: Capital acquisitions $ --0- $ 770,000 $ 770,000 Total Capital Outlay $ -0- $ 770,000 $ 770,000 TOTAL EXPENDITURES $ -0- $ 770,000 $ 770.000 The Notes to Financial Statements are an integral part of this schedule. 99 COUNTY OF WELD Schedule 2 STATE OF COLORADO TRUST AND AGENCY FUNDS ANTELOPE HILLS TRUST FUND Schedule of Revenue Compared with Estimate Year Ended December 31, 1982 Variance Favorable Actual Estimate (Unfavorable) MISCELLANEOUS REVENUE: Earnings on investments $ 1,233 $ -O- $ 1,233 TOTAL REVENUE $ 1,233 $ -0- $ 1,233 The Notes to Financial Statements are an integral part of this schedule. 100 GENERAL FIXED ASSETS ACCOUNT GROUP Investments in property and equipment, except for those of the Internal Service Funds and the Weld County General Hospital, are recorded in this account group. titotit COLORADO COUNTY OF WELD STATE OF COLORADO GENERAL FIXED ASSETS SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCES December 31, 1982 GENERAL FIXED ASSETS: Land $ 993,069 Land improvements 203,571 Buildings 15,586,416 Equipment and furniture 1,981,418 TOTAL GENERAL FIXED ASSETS $ 18,764,474 INVESTMENTS IN GENERAL FIXED ASSETS FROM: Current revenue $ 10,162,836 Gifts and grants 652,523 Federal Revenue Sharing 7,949,115 TOTAL INVESTMENTS IN GENERAL FIXED ASSETS $ 18,764,474 101 NN .O aOT W O W Or TO vl aO44 T N N1 T a)$ 1--I rri a) N N M,-•1.ONM M N 1l1MT T ON 4 0 U10 Ul CO T U1 O`("I4 r-i N+O3 N NO(N Q,•-IN M U1 1!7 N•D Q+ Op ONN r-i 0 O w w w w w w ., w w w .. .. w w w w w n •. w w w w w M NTN $40)0)+ON NN N T�UQ Ul ,--1 r-1 N 4 N TO 0 U1 U1 L , Mr r-4Mrl N 4 Ul r-4 s U1,--I 4+0 T 40 W Ul ON CO '0 +O O M N W ? r-I r••1 N r M H w n w n M 4 r-I .--I rl N U) N+D 00 O+If1 C U1 O N T O U1 CO 4 I U1 N N T 00 r-I COT N N I 0) Mri+ONMMNuIMQ+CON4NO r"� +O �O r•I r-I.D O .1M O O L I. 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Cr,P - >.I H H H H H H H H H H H H H H H H H H H H H H H 0 Tlr H N en 4 En.O N CO P 0H HN1'1S V1.OrOPOH 1O NNNN N N N N NC Co N.N r n N n N n N Co Co N N P P P P P P P P P P P a P P P P P P a P CO P .]>4 H H H H H H H H H H H H H H H H H H H HHH 111 COUNTY OF WELD Table VI STATE OF COLORADO Special Assessment Collections (Unaudited) Last Ten Years Current Current Ratio of Total Assessments Assessments Collections Outstanding Year Due Collected To Amount Due Assessments 1981* -0- -0- -- $27,885 1982 $27,885 $13,531 2-1 $14,354 *NOTE: 1) Weld County had no special assessments from 1973-1980 2) No Current assessments are due for the Elmore Road Assessment District until 1982 112 COUNTY OF WELD Table VII STATE OF COLORADO Computation of Legal Debt Margin (Unaudited) December 31 , 1982 Assessed Value, 1981 $ 771 ,771,770 Debt Limit 3 Percent of Assessed Value 23, 153,153 Amount of Debt Applicable to Limit: Total Bonded Debt $ _. Installment Purchase Agreements - Total Amount of Debt Applicable to Debt Limit Legal Debt Margin $ 23,153.153 Debt Limitation: Under Section 30-35-201, Colorado Revised Statutes, 1973, the County may incur indebtedness for general County purposes in an amount not to exceed 3% of assessed valuation of all taxable property. 113 COUNTY OF WELD TABLE VIII STATE OF COLORADO Tables Relating to Bonded Debt (Unaudited) December 31, 1982 Weld County is without bonded debt and the following statistical tables are not presented: A. Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita - Last Ten Years B. Computation of Overlapping Debt - December 31 , 1982 C. Ratio of Annual Debt Service for General Bonded Debt to Total General Expenditures - Last Ten Years D. Revenue Bond Coverage - Last Ten Years 114 COUNTY OF WELD Table IX STATE OF COLORADO Demographic Statistics (Unaudited) December 31, 1982 1. Population: 1960 - 72,344 1970 - 89,297 1975 - 111,901 1980 - 123,438 1983 - 131,635 2. Estimated Median Age: 26.7 (1980 Census) 3. Total Personal Income For Years Available: 1970 - $ 279,766,000 1971 - $ 327,463,000 1972 - $ 380,534,000 1973 - $ 481,301,000 1974 - $ 539,833,000 1975 - $ 597,099,000 1980 - $1,059,311,000 4. Per Capita Income For Years Available: 1970 - $ 3, 111 1971 - $ 3,527 1972 - $ 3,891 1973 - $ 4,666 1974 - $ 5,054 1975 - $ 5,543 1977 - $ 5,081 1980 - $ 6,505 5. Median Family Income (1970 Census) : $15,805 (1980 Census) 6. Population Per Household 1970 - 3.09 1980 - 2.79 7. Housing Units 1970 - 28,896 1980 - 46,475 Source: Greeley Area Chamber of Commerce Survey and U.S. Census data. 115 COUNTY OF WELD Table X STATE OF COLORADO Property Value, Construction, Bank Deposits, and Other Economic Indicators (Unaudited) Last Ten Years 1970 1975 1980 Property Value - estimated actual value (millions) $ 784.3 $ 1,264. 1 $ 2,948.7 Building Permits 1,635 1,339 1,241 Estimated Construction (millions) $ 14. 1 $ 20.6 $ 23.8 Bank Deposits (millions) $ 163.7 $ 363.2 $ 524.5 Retail Sales (millions) $ 417.8 $ 878.0 $ 781.3 Value of Crop Production (millions) $ 64.6 $ 134.6 $ 185.0 Other years' data not available Source: Greeley Area Chamber of Commerce Survey 116 COUNTY OF WELD Table XI STATE OF COLORADO Principal Taxpayers (Unaudited) December 31, 1982 1982 Assessed Valuatioi Amoco $ 154,403,310 Eastman Kodak $ 54,591,040 Public Service Co. of Colorado $ 28,689,540 Mountain Bell $ 14,494,200 Energy Minerals $ 11,852,070 Machii—Ross Petroleum Co. $ 10,920,350 Panhandle Eastern Pipeline Co. $ 10,045,000 Martin Oil Co. $ 7,981, 150 Colorado Interstate Gas Co. $ 6,798,600 Monfort of Colorado, Inc. $ 6,003,770 Home Light & Power Co. $ 5,915,700 Champlin Petroleum Co. $ 5,710,070 Vessels Oil & Gas Co. $ 5,287,150 American Telephone & Telegraph $ 5, 108,400 Union Pacific Railroad Co. $ 4,553,000 J.K.F. Associates $ 3,359,580 Coors Adolph/Coors Energy Co. $ 2,957,180 Crystal Exploration $ 2,379,480 M.G.F. Oil Corporation $ 2,351,780 Union Rural Electric Assn. $ 2,095,100 Hillside Shopping Center $ 1,549,630 Greeley National Bank $ 1,505,020 Greeley Gas Co. $ 1, 103,900 Monfort Packing Co. $ 1,063,240 Burlington Northern $ 457,600 117 COUNTY OF WELD Table XII STATE OF COLORADO Page 1 Miscellaneous Statistics (Unaudited) December 31, 1982 1. Date of Incorporation: 1861 2. Form of Government: Home Rule Charter 3. Date Present Charter Adopted January 1, 1976 4. Area - Square Miles: 4,002 square miles 5. County Seat: City of Greeley 6. Employees as of December 31, 1982 Elected Officials - 16 Division Heads - 5 Department Heads - 8 Other Full Time Employees - 795 Part Time Employees - 152 7. Miles of Roads: Paved - 688 Unpaved - 2,692 8. Building Permits: No. of Year Permits Valuation 1974 882 $ 18,696,840 1975 1,339 $ 25,251,542 1976 1,624 $ 47,546,973 1977 1, 177 $ 30, 102,553 1978 1,546 $ 58,749,363 1979 1,592 $ 34,782,283 1980 1,348 $ 54,775,497 1981 1,241 $ 32,851,694 1982 1,865 $ 35,207,497 9. Motor Vehicle Registration: 1974 - 94,484 1975 - 103,818 1976 - 108,529 1977 - 122,133 1978 - 143,888 1979 - 133,437 1980 - 125,970 1981 - 129,159 1982 - 130,952 10. Special Districts within County: 28 - Cities and Towns 12 - Schools 6 - Fire 9 - Water and Sanitation 2 - Colleges (Continued on next page) 118 COUNTY OF WELD Table R71 STATE OF COLORADO Page• 2 Miscellaneous Statistics - Continued (Unaudited) December 31, 1982 11 . Cities and Towns: Ault Gilcrest Lochbuie Eaton Greeley Mead Erie Grover Milliken Evans Hudson New Raymer Dacono Johnstown Nunn Firestone Keenesburg Pierce Frederick Keota Platteville Ft. Lupton Kersey Rosedale Garden City LaSalle Severance Windsor 12. Recreation: Golf Courses - 5 City and Regional Parks Island Grove Recreational Complex 13. Libraries: Greeley Library 114,622 Volumes University of No. Colo. 631,399 Volumes Weld County Library 165,087 Volumes 14. Elections: Number of Number Percent of Registered of Votes Registered Voters Cast Voters Voting 1974 General Election 45, 175 30,002 66.4 1976 General Election 49,785 41,184 82.7 1978 General Election 47,832 -29,818 62.3 1980 General Election 51,107 44, 134 86.3 1982 General Election 51 ,476 36,301 70.5 15. Media Newspapers: The Greeley Tribune The Booster Town & Country News Aims College World The Mirror (ZINC) North Weld Herald Farmer & Miner Keene Valley Sun Johnstown Breeze Ft. Lupton Press Platteville Herald Windsor Beacon Brighton Blade and Market Place Erie Echo Ft. Morgan Times LaSalle Leader Longmont Times Call Platte Valley Voice II') COUNTY OF WELD Table XII STATE OF COLORADO Page 3 Miscellaneous Statistics - Continued (Unaudited) December 31, 1982 15. Media (Continued) Radio Stations: KFKA/KFKZ KYOU/KGRE KUAD AM & 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., 1982: State - 3% Source: Greeley Area Chamber of Commerce/County offices. 120 H E 0 0 0 0 0 P .v'•1 N 4 0 0 0 . IA 0 0 O 0. N4 0. CO00 G E N. IA H IA If) an H N CO C I.W. N H M N H C. 0 0 N 0> 0> 414 0 414 N N H H HI p W W 0 0 4) ti H41 00 00 00 0 0 0 C C G C G CO N O O O O 0 0 G W ❑ M E M 4 C H 4 0 0 0 IA 00 0 XN {0 00 .CO 0 [0 G E4 V) �0> 0 14) CU d O 0 00 0 0 O 0 U H1 C 0 4 01 C♦HE 4 4 44 U 4 4 el 14 ++ 00 .N co 0 W 4) W W W 0 W 0 .0 0 Opp W U O.0. p0.C. 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N Cl) 4 OC C'J U U U OD P. H q-. 0 9 0 W O) W 4 N O• c c u G " 5 C 2 4 H co c H co E 4 4•.4 Ca .S a co 00 rro. co H 0 �.0 U W V O C W L 0 H 0 " 044 MI el V 91. 9 9 O)V1 W 0 0 .0 O co 9 CO. c9 y N 4 0 0 0 B W T H. 0 J a) W 0 4+ 4' 4 O W E 0 0 410o 9 4 0 4 an 4 4 4 4 4 0 Z .] "4 H Z Z H .'L = Z W Z 121 COUNTY OF WELD Table XIV STATE OF COLORADO Salaries of Principal Officials (Unaudited) December 31, 1982 ELECTED OFFICIALS: Commissioners $ 22,000 Clerk & Recorder $ 23,000 Treasurer $ 23,000 Assessor $ 23,000 Sheriff $ 23,000 District Attorney $ 45,000 APPOINTED: County Attorney $ 50,814 Director of Planning $ 28,500 Director of Finance and. Administration $ 57,660 Director of Building and Grounds $ 31,836 Director of Communications $ 23,628 Director of Ambulance Services $ 26,532 Director of Veterans' Affairs $ 21 ,624 County Engineer $ 33,792 Director of Social Services $ 40,380 Director of Health Department $ 67,500 Director of Library $ 31,128 Director of Human Resources $ 38,052 Director of Data Processing Services $ 46,128 Director of Purchasing $ 26,532 Director of Personnel $ 34,596 Comptroller $ 33,828 122 COUNTY OF WELD Table XV STATE OF COLORADO Surety Bond Coverage For Principal Officials (Unaudited) December 31, 1982 District Attorney $ 5,000 Commissioner $ 25,000 Treasurer $ 250,000 Sheriff $ 20,000 Assessor $ 6,000 Coroner $ 5,000 County Clerk $ 25,000 County Clerk (Titles & Deeds) $ 5,000 Director of Finance and Administration $ 100,000 Note: All bonds are issued by the St. Paul Insurance Company and are on file with the Weld County Clerk and Recorder. 123 Hello