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COMPREHENSIVE ANNUAL FINANCIAL REPORT
COUNTY OF WELD
STATE OF COLORADO
YEAR ENDED DECEMBER 31, 1983
Issued by:
Department of Finance
& Administration
Donald D. Warden, Director
Finance and Administration
}
•
INTRODUCTORY
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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 20
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCES - BUDGET AND ACTUAL - ALL GOVERNMENTAL
FUND TYPES 22
COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN
RETAINED EARNINGS/FUND BALANCES - ALL PROPRIETARY FUND
TYPES AND PENSION TRUST FUNDS 24
COMBINED STATEMENT OF CONTRIBUTIONS - ALL PROPRIETARY FUND TYPES 25
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS 26
NOTES TO FINANCIAL STATEMENTS 27
COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP
STATEMENTS AND SCHEDULES
GENERAL FUND
BALANCE SHEET 43
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE 44
Schedule of Revenue Compared with Estimate 45
Schedule of Expenditures Compared with Budget 46
Schedule of Operating Transfers—In Compared
with Estimate
Schedule of Operating Transfers—Out Compared
with Budget 48
1
TABLE OF CONTENTS - (Continued)
Page
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 49
COMBINING BALANCE SHEET 50
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES 52
Road and Bridge Fund - Schedule of Revenue
Compared with Estimate 54
Road and Bridge Fund - Schedule of Expenditures
Compared with Budget
Road and Bridge Fund - Schedule of Operating
Transfers-In Compared with Estimate 55
Social Services Fund - Schedule of Revenue
Compared with Estimate
Social. Services Fund - Schedule of Expenditures
Compared with Budget 56
Federal Revenue Sharing Fund - Schedule of
Revenue Compared with Estimate
Federal Revenue Sharing Fund - Schedule of
Operating Transfers-Out Compared with Budget 57
Conservation Trust Fund - Schedule of Revenue Compared
with Estimate
Conservation Trust Fund - Schedule of Expenditures
Compared with Budget
Conservation Trust Fund - Schedule of Operating
Transfers-Out Compared with Budget 58
Contingent Fund - Schedule of Revenue Compared
with Estimate
Contingent Fund - Schedule of Operating Transfers-
Out Compared with Budget 59
Public Health Fund - Schedule of Revenue Compared
with Estimate
Public Health Fund - Schedule of Expenditures
Compared with Budget
Public Health Fund - Schedule of Operating
Transfers-In Compared with Estimate 60
Library Fund - Schedule of Revenue Compared
with Estimate
Library Fund - Schedule of Expenditures Compared
with Budget
Library Fund - Schedule of Operating Transfers-In
Compared with Estimate 61
2
TABLE OF CONTENTS - (Continued)
Page
SPECIAL REVENUE FUNDS (Continued)
Human Resources Fund - Schedule of Revenue
Compared with Estimate
Human Resources Fund - Schedule of Operating
Transfers-In Compared with Estimate 62
Human Resources Fund - Schedule of Expenditures
Compared with Budget 63
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 64
Subdivision Park Site Fund - Schedule of
Expenditures Compared with Budget 65
CAPITAL PROJECTS FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 67
BALANCE SHEET 68
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 69
Public Works Fund - County Buildings - Schedule of
Revenue Compared with Estimate
Public Works Fund - County Buildings - Schedule of
Expenditures Compared with Budget 70
SPECIAL ASSESSMENT FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 71
BALANCE SHEET 72
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 73
Improvement District Number 1982-2 Elmore Road
Schedule of Revenue Compared with Estimate
Improvement District Number 1982-2 Elmore Road
Schedule of Expenditures Compared with Budget 74
3
TABLE OF CONTENTS - (Continued)
Page
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 75
COMBINING BALANCE SHEET 76
COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL 77
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
RETAINED EARNINGS 78
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION 79
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
Expenses Compared with Budget 80
Motor Vehicle Fund - Schedule of Non-operating
Revenue Compared with Estimate
Motor Vehicle Fund - Schedule of Fixed Asset
Acquisitions Compared with Budget 81
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 Acquisitions Compared with Budget 82
Computer Services Fund - Schedule of Operating
Revenue Compared with Estimate
Computer Services Fund - Schedule of Operating
Expenses Compared with Budget
Computer Services Fund - Schedule of Non-operating
Expenses Compared with Budget
Computer Services Fund - Schedule of Fixed Asset
Acquisitions Compared with Budget 83
Insurance Fund - Schedule of Operating Revenue
Compared with Estimate
Insurance Fund - Schedule of Operating Expenses
Compared with Budget
Insurance Fund - Schedule of Non-operating
Revenue Compared with Estimate 84
4
TABLE OF CONTENTS - (Continued)
Page
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 85
COMBINING BALANCE SHEET 86
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES -
ALL PENSION TRUST FUNDS 88
STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PENSION
TRUST FUNDS 89
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - ALL EXPENDABLE TRUST FUNDS 90
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES -
ALL AGENCY FUNDS 91
North Colorado Medical Center Trust Fund - Schedule
of Revenue Compared with Estimate
North Colorado Medical Center Trust Fund - Schedule
of Expenditures Compared with Budget 92
Health Insurance Fund - Schedule of Revenue Compared
with Estimate
Health Insurance Fund - Schedule of Expenditures
Compared with Budget
Health Insurance Fund - Schedule of Operating
Transfers-In Compared with Estimate 93
Antelope Hills Trust Fund - Schedule of Revenue
Compared with Estimate 94
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCES 95
SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY 96
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION
AND ACTIVITY 97
GENERAL LONG-TERM DEBT ACCOUNT GROUP
SCHEDULE OF GENERAL LONG-TERM DEBT - BY SOURCES 99
5
TABLE OF CONTENTS - (Continued)
Page
STATISTICAL SECTION
General Governmental Expenditures by Function
General Revenue by Source 102
Property Tax Levies and Collections
Assessed and Estimated Actual Value of Taxable Property 104
Property Tax Rates and Tax Levies — All Overlapping Governments 105
Special Assessment Collections 106
Computation of Legal Debt Margin
Tables Relating to Bonded Debt 107
Demographic Statistics 108
Property Value, Construction, Bank Deposits and
Other Economic Indicators 109
Principal Taxpayers 110
Miscellaneous Statistics 111
Insurance in Force 113
Salaries of Principal Officials
Surety Bond Coverage for Principal Officials 114
6
OFFICE OF FINANCE & ADMINISTRATIC
PHONE (303) 356-4000 EXT.2
P.O. BOX
GREELEY,COLORADO 806
C.
COLORADO
June 14, 1984
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, 1983 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,
1983.
A new automated accounting system was developed and made operational with the
beginning of the 1982 fiscal year and enhanced in 1983 to accommodate
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 $39, 197,905 in 1983, an
increase of 8.4% over 1982. General property taxes and specific ownership
taxes produced 36.9% of general revenue compared to 36.4% 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 1983
Taxes $14,467,200 36.9% $1,300,379
Licenses and Permits 635,645 1.6 172, 193
Intergovernmental
Revenue 18,792,663 47.9 1,588,414
Charges for Services 1,406,359 3.6 254,906
Fines and Forfeits 26,667 0. 1 19,875
Miscellaneous Revenue 2,564,255 6.5 (431,366)
Fee Accounts 1,305, 116 3.4 144,376
Total $39,197,905 100,0% $3,048,777
Assessed values of $838.5 million represented an increase of 8.6% over the
preceding year. The increase is primarily attributed to oil production
activity in Weld County. The mill levy of 17. 172 mills was the same as the
previous year.
Current tax collections were 99.36% of the tax levy, down .01% from last year.
Delinquent tax collections were $97,625, compared with $81,490 last year.
Allocations of property tax by purpose for 1983 and the preceding year are
shown as follows:
1982 1983
Purpose Mills Mills
General Fund 8.883 9.707
Special Revenue Funds 6.639 6.016
Capital Project Funds .260 .246
Expendable Trust Funds .864 .650
Intergrovernmental Service Funds .526 .553
Total Tax Rate 17. 172 17.172
Intergovernmental Revenue represented 47.9% of total general governmental
revenue, compared with 47.6% for the preceding year.
9
Honorable Board of Commissioners — Continued:
Expenditures for general governmental purposes total $37,855,383, an increase
of 6.9% over 1982. 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 1983
Current Operating:
General. Government $ 5,725, 137 15. 1% $ 336,576
Public Safety 5,575,881 14.8 356,947
Public Works 7,716,877 20.4 721,933
Public Health &
Welfare 13,961,545 36.9 1,094,072
Culture & Recreation 553,262 1.5 31,465
Conservation of
Natural Resources 10,096 0.0 284
Economic Assistance 3,293,488 8.7 123,531
Capital Outlay 379,684 1.0 (106,051)
Debt Service 2,274 0.0 (2,600)
Intergovernmental
Expenditures 431,789 1. 1 56,484
Miscellaneous 205,350 0.5 (134,416)
Total $37,855,383 100.0% $2,478,225
Weld County's finances were impacted in 1983 by the local and national
economy. The reduced housing activity contributed to a slowing of
construction which reduced revenues from building permits until the last
quarter of the year. Unchanged local economic conditions left social services
costs level. Factors positively impacting Weld County's finances were
increased State set fees in many offices, increased highway user tax revenues,
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
$1,074,350 was up $66,771 from last year. The $3,400,619 balance in the
Special Revenue Funds was up from the previous year by 34.8%.
DEBT ADMINISTRATION
In 1983 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 in 1981, Section 30-35-201, C.R.S. , 1973 now
allows the debt ceiling to be 3% of the assessed valuation of the County.
Thus, Weld County maintains over a twenty-five 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, Health Insurance Fund, Antelope Hills Trust Fund, and the
interest earned on certain deposits held for other taxing authorities. The
amount of interest earned was $2,074,845 in 1983.
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 $1,073,343 at the end of 1983. Anticipated or designated
projects pending at the end of 1983 for the funds accumulated total $715,960
for the purchase of the Social Services Building.
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, 1983, the General Fixed Assets
of the County amounted to $19,214,379. 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. The assessed value for Weld County, because of these tax law
changes, impacted Weld County's assessed value by slightly over one percent
compared to many counties in Colorado that had 10-20% reappraisal changes.
The local economy, heavily dependent upon agriculture and oil production,
continued to be somewhat depressed. The local economic conditions have
improved in the area of lower unemployment and have allowed the costs of human
service programs provided in Weld County to remain stable. Interest rates
could positively impact interest revenues in 1984 compared to 1983.
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.
11
Honorable Board of Commissioners - Continued:
CERTIFICATE OF CONFORMANCE
The Government Finance Officers Association of the United States and Canada
(GFOA) 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 , 1982.
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 GFOA 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 1983
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, 1983. 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.
Res ectfully submitted,
ii�
Donald D. Warden, Director
Finance and Administration
DDW/ch
12
Certificate
of
Conformance
in Financial
Reporting
Presented to
County of
Weld , Colorado
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1982
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.
et44 tins.
•us
ve N President
UAW
9• v wrs
134, SEAL ita
hi,Cadge
Executive Director
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14
COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31, 1983
Board of County Commissioners
Chuck Carlson
Gene Brantner
Norman Carlson
Jacqueline Johnson
John Martin
Director of Finance and Administration
Donald D. Warden
Comptroller
Claud Hanes
Independent Auditor
Dollarhide & Schwartz
Certified Public Accountants
15
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COLORADO
GENERAL PURPOSE
FINANCIAL STATEMENTS
-,
fi="' w
DOLLARHIDE & 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, 1983, 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, 1983, 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 on it.
dgfilLAr-
DOLLARBIDE & SCHWARTZ
Greeley, Colorado
June 13, 1984
li
COUNTY OF WELD
STATE OF COLORADO
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1983
General Fund Types
Special Capital Special
General Revenue _ Projects Assessment
ASSETS
ASSETS:
Cash with treasurer $ 1,214,383 $ 3,506,314 S 1,104,107 $ 719
Cash - other 129,705 1.4,801 -0- -0-
Investments -0- -0- -0- -0-
Receivables (net where applicable
of allowance for uncollectibles):
Accounts 332,899 213,779 -0- -0-
Special Assessments:
Current -0- -0- -0- 1,282
Deferred -0- -0- -0- 8,974
Current property taxes 9,298,881 4,611,107 177,813 -0-
Delinquent property taxes 88,780 52,647 2,184 -0-
Due from other governmental units 241,573 1,992,910 -0- -0-
Due from other county funds 205,597 137,064 -0- -0-
Inventories -0- 678,201 -0- -0-
Advance to Special Assessment Fund 10,256 -0- -0- -0-
Prepaid expenses 13,832 10,389 -0- -0-
Land -0- -0- -0- -0-
Land under capital lease -0- -0- -0- -0-
Land improvements -0- -0- -0- -0-
Buildings -0- -0- -0- -0-
Equipment and furniture -0- -0- -0- -0-
Less: Accumulated depreciation -0- -0- -0- -0-
Amount to be provided for retirement
of general long-term debt -0- -0- -0- -0-
TOTAL ASSETS $ 11,535,906 $ 11,217,212 $ 1,284 1104 $ 10,975
LIABILITIES AND FUND EQUITY
LIABILITIES:
Warrants & vouchers payable $ 219,976 $ 203,386 $ 32,948 $ -0-
Accrued liabilities 351,847 369,450 -0- -0-
Due to other governmental units 97,900 959,840 -0- -0-
Due to other county funds 287,471 389,426 -0- 719
Current portion of capital lease
obligation -0- -0- -0- -0-
Current portion of long-term debt -0- -0- -0- -0-
Deferred revenue 9,298,881 5,627,919 177,813 8,974
Advance from General Fund:
Current -0- -0- -0- 1,282
Deferred -0- -0- -0- 8,974
Unexpended grant revenue 119,906 -0- -0- -0-
Other liabilities -0- 26,022 -0- -0-
Capital lease obligation -0- -0- -0- -0-
Total Liabilities 10,375,981 7,576_0)43 210,761 19,949
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 85,575 240,550 80,322 -0-
Unreserved:
Designated for subsequent
year's expenditures 257,994 983,225 715,960 -0-
Undesignated 816,356 2,417,394 277,061 (8,974)
Total Fund Equity (deficit) 1,159,925 3,641,169 1,073,343 (8,974)
TOTAL LIABILITIES AND
FUND EQUITY $ 11535906 $ 11,217,212 $ 1,284,104 $ 10,975
The Notes to Financial Statements are an integral part of this schedule.
18
Proprietary Fiduciary
Fund Type Fund Type Account Groups Memorandum Total
Internal Trust and General General Fiscal Year Fiscal Year
Service Agency Fixed Assets Long-term Debt 1983 1982
$ 1,131,181 $ 10,000,608 $ -0- $ -0- $ 16,957,312 $ 13,037,448
50 2,960 -0- -0- 147,516 124,135
-0- 10,883,006 -0- -0- 10,883,006 9,044,829
26,810 279,110 -0- -0- 852,598 704,673
-0- -0- -0- -0- 1,282 1,595
-0- -0- -0- -0- 8,974 12,759
486,757 545,162 -0- -0- 15,119,720 14,399,734
4,538 6,397 -0- -0- 154,546 69,656
10,114 -0- -0- -0- 2,244,597 3,396,483
506,661 92,769 -0- -0- 942,091 1,294,245
371,028 -0- -0- -0- 1,049,229 883,989
-0- -0- -0- -0- 10,256 14,354
-0- 23,086 -0- -0- 47,307 58,681
412,329 -0- 993,069 -0- 1,405,398 1,407,643
274,820 -0- -0- -0- 274,820 274,820
17,712 -0- 205,361 -0- 223,073 230,077
696,350 -0- 15,853,243 -0- 16,549,593 16,282,207
8,873,573 -0- 2,162,706 -0- 11,036,279 9,907,049
(4,530,545) -0- -0- -0- (4,530,545) (3,777,652)
-0- -0- -0- 884,392 884,392 -0-
$ 8,281,378 $ 21,833,098 $ 19,214,379 $ 884,392 $ 74,261,444 $ 67,366,725
$ 167,626 $ 454,924 $ -0- $ -0- $ 1,078,860 $ 1,177,627
170,249 -0- -0- 884,392 1,775,938 569,748
-0- 6,092,055 -0- -0- 7,149,795 5,762,225
160,223 647,245 -0- -0- 1,485,084 1,294,245
1,000 -0- -0- -0- 1,000 40,711
-0- -0- -0- -0- -0- 67,982
486,757 545,162 -0- -0- 16,145,506 16,541,377
-0- -0- -0- -0- 1,282 1,595
-0- -0- -0- -0- 8,974 12,759
-0- -0- -0- -0- 119,906 281,128
-0- 3,000 -0- -0- 29,022 32,849
39,710 -0- -0- -0- 39,710 40,710
1,025,565 7,742,386 -0- 884,392 27,835,077 25,822,956
-0- -0- 19,214,379 -0- 19,214,379 18,764,474
5,533,841 -0- -0- -0- 5,533,841 5,523,306
291,234 -0- -0- -0- 291,234 213,589
1,430,738 -0- -0- -0- 1,430,738 1,212,153
-0- 7,424,910 -0- -0- 7,831,357 8,133,497
-0- -0- -0- -0- 1,957,179 2,093,045
-0- 6,665,802 -0- -0- 10,167,639 5,603,705
7,255,813 14,090,712 19,214,379 -0- 46,426,367 41,543,769
$ 8,281,378 $ 21,833,098 $ 19,214,379 $ 884,392 $ 74,261,444 $ 67,366,725
19
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, 1983
General Fund Types ---
Special Capital Special
General Revenue Projects Assessment
REVENUE:
Taxes $ 8,233,933 $ 6,011,793 $ 221,474 $ -0-
Licenses and permits 326,596 309,049 -0- -0-
Intergovernmental revenue 454,089 18,338,574 -0-
Charges for services 925,532 480,827 -0- -0-
Fines and forfeitures 18,288 8,379 -0- -0-
Miscellaneous revenue 1,857,183 690,623 841 15,608
Fee accounts 1,305,116 -0- -0- -0-
Total Revenue 13,120,737 25,839,245 222,315 15,608
EXPENDITURES:
Current Operating:
General government 5,725,137 -0- -0- -0-
Public safety 5,575,881 -0- -0- -0-
Public works 427,442 7,289,435 -0- -0-
Public health and welfare 69,458 13,892,087 -0- -0-
Culture and recreation 156,082 397,180 -0- -0-
Conservation of natural resources 10,096 -0- -0- -0-
Economic assistance -0- 3,293,488 -0- -0-
Capital outlay 84,205 637 294,842 -0-
Debt service -0- -0- -0- 2,274
Intragovernmental expenditures -0- 431,789 -0- -0-
Miscellaneous 204,967 383 -0-
Total Expenditures 12,253,268 25,304,999 294,842 2,274
EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES 867,469 534,246 (72,527) 13,334
OTHER FINANCING SOURCES (USES):
Operating transfers-in 371,424 1,947,001 -0- -0-
Operating transfers-out (1,145,700) (1,601,268) -0- -0-
Total Other Financing Sources
(Uses) (774,276) 345,733 -0- -0-
EXCESS (DEFICIENCY) OF REVENUE AND
OTHER SOURCES OVER EXPENDITURES
AND OTHER USES 93,193 879,979 (72,527) 13,334
FUND BALANCE, (Deficit),
January 1, 1983 1,066,732 2,810,475 1,145,870 (22,308)
Adjustment of Prior Periods -0- (49,285) -0- -0-
FUND BALANCE (Deficit),
January 1, 1983 as restated 1,066,732 2,761,190 1,145,870 (22,308)
FUND BALANCE (Deficit),
December 31, 1983 $ 1,159,925 $ 3,641,169 $ 1,073,343 $ (8,974)
The Notes to Financial Statements are an integral part of this schedule.
20
Fiduciary
Fund Types Memorandum Total
Expendable Fiscal Year Fiscal Year
Trusts 1983 1982
$ 584,788 $ 15,051,988 $ 13,883,255
-0- 635,645 463,452
-0- 18,792,663 17,204,249
-0- 1,406,359 1,151,453
-0- 26,667 6,792
1,136,417 3,700,672 3,142,925
-0- 1,305,116 1,160,740
1,721,205 40,919,110 37,012,866
-0- 5,725,137 5,400,021
-0- 5,575,881 5,229,851
-0- 7,716,877 6,997,923
-0- 13,961,545 12,875,917
-0- 553,262 524,375
-0- 10,096 9,812
-0- 3,293,488 3,169,957
-0- 379,684 485,735
-0- 2,274 4,874
-0- 431,789 375,305
479,896 685,246 338,637
479,896 38,335,279 35,412,407
1,241,309 2,583,831 1,600,459
2,060 2,320,485 3,857,972
-0- (2,746,968) (4,184,134)
2,060 (426,483) (326,162)
1,243,369 2,157,348 1,274,297
1,603,005 6,603,774 5,329,477
-0- (49,285) -0-
1,603,005 6,554,489 5,329,477
$ 2,846,374 $ 8,711,837 $ 6,603,774
21
COUNTY OF WELD
STATE OF COLORADO
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANCES IN FUND BALANCES
BUDGET AND ACTUAL - ALL GOVERNMENTAL FUND TYPES
Year Ended December 31, 1983
General Special Revenue
Variance Variance
Estimate/ Favorable Estimate/ Favorable
Actual Budget (Unfavorable) Actual Budget (Unfavorable)
REVENUE:
Taxes $ 8,233,933 $ 8,242,940 $ (9,007) $ 6,011,793 $ 5,946,599 $ 65,194
Licenses & permits 326,596 269,970 56,626 309,049 239,131 69,918
Intergovernmental
revenue 454,089 421,546 32,543 18,338,574 19,550,724 (1,212,150)
Charges for services 925,532 961,818 (36,286) 480,827 446,508 34,319
Fines and forfeiture 18,288 27,500 (9,212) 8,379 6,438 1,941
Miscellaneous revenue 1,857,183 1,630,604 226,579 690,623 67,841 622,782
Fee accounts 1,305,116 1,261,900 43,216 -0- -0- -0-
Total Revenue 13,120x737 12,816,278 304,459 25,839,245 26,257,241 (417,996)
EXPENDITURES:
Current operating:
General government 5,725,137 5,871,699 146,562 -0- -0- -0-
Public safety 5,575,881 5,904,580 328,699 -0- -0- -0-
Public works 427,442 480,789 53,347 7,289,435 8,590,958 1,301,523
Public health and
welfare 69,458 69,458 -0- 13,892,087 14,387,976 495,889
Culture and recreation 156,082 51,077 (105,005) 397,180 525,817 128,637
Natural resources 10,096 10,096 -0- -0- -0- -0-
Economic assistance -0- -0- -0- 3,293,488 3,519,534 226,046
Capital Outlay 84,205 119,625 35,420 637 19,857 19,220
Debt services -0- -0- -0- -0- -0- -0-
Intragovernmental
expenditures -0- -0- -0- 431,789 436,690 4,901
Miscellaneous 204,967 300,595 95,628 383 17,094 16,711
Total Expenditures 12,253,268 12,807,919 554,651 25,304,999 27,497,926 2,192,927
EXCESS (DEFICIENCY) OF
REVENUE OVER
EXPENDITURES 867,469 8,359 859,110 534,246 (1,240,685) 1,774,931
OTHER FINANCING SOURCES
(USES):
Operating transfers
- in 371,424 316,424 55,000 1,947,001 1,947,721 (720)
Operating transfers
- out (1,145,700) (1,052,946) (92,754) (1,601,268) (2,323,288) 722,020
Total Other Financing
Sources (Uses) (774,276) (736,522) (37,754) 345,733 (375,567) 721,300
EXCESS (DEFICIENCY) OF
REVENUE AND OTHER
SOURCES OVER EXPENDI-
TURES AND OTHER USES 93,193 (728,163) 821,356 879,979 (1,616,252) 2,496,231
FUND BALANCE (Deficit),
January 1, 1.983 1,066,732 1,066,732 -0- 2,810,475 2,810,475 -0-
Adjustment of Prior
Periods -0- -0- -0- (49,285) -0- (49,285)
FUND BALANCE (Deficit),
January 1, 1983, as
restated 1,066,732 1,066,732 -0- 2,761,190 2,810,475 (49,285)
FUND BALANCE, (Deficit),
December 31, 1983 $ 1,159,925 $ 338,569 $ 821,356 $ 3,641,169 $ 1,194,223 $ 2,446,946
The Notes to Financial Statements are an integral part of this schedule.
22
Capital Projects Special Assessments Memorandum Total
Variance Variance Varianc
Estimate/ Favorable Estimate/ Favorable Estimate/ Favorabl
Actual Budget (Unfavorable) Actual Budget (Unfavorable) Actual Budget (Unfavorab
$ 221,474 $ 220,602 $ 872 $ -0- $ -0- $ -0- $ 14,467,200 $ 14,410,141 $ 57,0.
-0- -0- -0- -0- -0- -0- 635,645 509,101 126,5.
-0- -0- -0- -0- -0- -0- 18,792,663 19,972,270 (1,179,6+
-0- -0- -0- -0- -0- -0- 1,406,359 1,408,326 (1,9.
-0- -0- -0- -0- -0- -0- 26,667 33,938 (7,2
841 -0- 841 15,608 6,000 9,608 2,564,255 1,704,445 859,8:
-0- -0- -0- -0- -0- -0- 1,305,116 1,261,900 43,2:
222,315 220,602 1,713 15,608 6,000 9,608 39,1971905 39,300,121 (102,2:
-0- -0- -0- -0- -0- -0- 5,725,137 5,871,699 146,51
-0- -0- -0- -0- -0- -0- 5,575,881 5,904,580 328,64
-0- -0- -0- -0- -0- -0- 7,716,877 9,071,747 1,354,8;
-0- -0- -0- -0- -0- -0- 13,961,545 14,457,434 495,8F
-0- -0- -0- -0- -0- -0- 553,262 576,894 23,6:
-0- -0- -0- -0- -0- -0- 10,096 10,096 -(
-0- -0- -0- -0- -0- -0- 3,293,488 3,519,534 226,0L
294,842 1,314,076 1,019,234 -0- -0- -0- 379,684 1,453,558 1,073,87
-0- -0- -0- 2,274 6,000 3,726 2,274 6,000 3,72
-0- -0- -0- -0- -0- -0- 431,789 436,690 4,9C
-0- _ -0- -0- -0- -0- -0- 205,350 317,689 112,33
294,842 1,314,076 1,019,234 2,274 6000 3,726 37,855,383 41,625,921 3,770,53
(72,527) (1,093,474) 1,020,947 1� ,334 -0- 13,334 1,342,522 (2%325,800) 3,668,32
-0- -0- -0- -0- -0- -0- 2,318,425 2,264,145 54,28
-0- -0- -0- -0- -0- -0- (2,746,968) (3,376,234) 629,26
-0- -0- -0- -0- -0- -0- (428,543) (1,112089) 683,54
(72,527) (1,093,474) 1,020,947 13,334 -0- 13,334 913,979 (3,437,889) 4,351,86.
1,145,870 1,145,870 -0- (22,308) (22,308) -0- 5,000,769 5,000,769 -0
-0- -0- -0- -0- -0- -0- (49,285) -0- (49,28'
1,145,870 1,145870 -0- (22,308) (22,308) -0- 4,951,484 5,000,769 (49,28'
$ 1,0731343 $ 52,396 $ 1,020,947 $ (8,974) S(22,308) $ 13,334 $ 5,865,463 S 1,562,880 $ 4,302,58:
23
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, 1983
Proprietary Fiduciary
Fund Type Fund Type Memorandum Total
Internal Pension Fiscal Year Fiscal Year
Service Trust 1983 - 1982
OPERATING REVENUE:
Taxes $ 497,887 $ -0- $ 497,887 $ 435,912
Charges for services 3,919,464 -0- 3,919,464 4,538,712
Appreciation in fair
value of investments -0- 596,348 596,348 502,895
Contributions -0_ 1,264,108 1,264,108 1,191,786
Total Operating Revenue _ 4,417,351 1,860,456 6,277,807 6 1669,305
OPERATING EXPENSES:
Personnel services 1,410,110 -0- 1,410,710 1,507,120
Contractual services 241,635 -0- 241,635 272,995
Supplies 50,367 -0- 50,367 81,789
Materials 1,018,055 -0- 1,018,055 1,211,753
Heat, light and power 58,915 -0- 58,915 48,993
Depreciation 1,054,865 -0- 1,054,865 1,054,613
Repair and maintenance 25,618 -0- 25,618 41,990
Insurance and bonds 205,544 -0- 205,544 333,074
Claims 414,873 -0- 414,873 131,932
Other expenses 46,073 -0- 46,073 70,757
Benefit payments -0- 263,080 263,080 217,167
Refunds -O•- 267,431 267,431 220,477
Administrative expenses -0- 84,059 84,059 66,498
Total Operating Expenses 4,526,055 614,570 5,140,625 259 158
Operating Income (108,704) 1,245,886 1,137,182 1,410,147
NONOPERATING REVENUE (EXPENSES):
Farm Income 4,057 -0- 4,057 3,453
Gain on sale of fixed assets 95,424 -0- 95,424 77,730
Earnings on investments 21,363 664,656 686,019 590,837
Judgements and damages 384,542 -0- 384,542 23
Interest expense (11,799) — -0- (11,199) (42,286)
Total Net Nonoperating Revenue 494,187 664,656 1,158,843 629,757
Income Before Operating Transfers _385,483 7,910,542 2,296,025 2,039,904
OPERATING TRANSFERS-IN -0- 109,823 109,823 66,498
NET INCOME 385,483 2,020,365 2,405,848 2,106,402
RETAINED EARNINGS/FUND BALANCE,
January 1, 1983 1,425,742 9,223,973 10,649,715 8,210,872
Adjustment of prior periods (89,253) -0- (89,253) 332,441
RETAINED EARNINGS/FUND BALANCE,
January 1, 1983, as restated 7,336,489 9,223,973 -.--1 10560,462 8,543,313
RETAINED EARNINGS/FUND BALANCE,
December 31, 1983 $ 1,721,972 $ 11,244,338 $ 12,966,310 $ 10,649,715
The Notes to Financial Statements are an integral part of this schedule.
24
COUNTY OF WELD
STATE OF COLORADO
COMBINED STATEMENT OF CONTRIBUTIONS -
ALL PROPRIETARY FUND TYPES
Year Ended December 31, 1983
Proprietary
Fund Type
Internal
Service
CONTRIBUTIONS
January 1, 1983 $ 5,523,306
TRANSFERS IN 10,535
CONTRIBUTIONS
December 31, 1983 S 5,533841
The Notes to Financial Statements are an integral part of this schedule.
25
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, 1983
Proprietary Fiduciary
Fund Type Fund Type Memorandum Total
Internal Pension Fiscal Year Fiscal Year
Service Trust 1983 1982
WORKING CAPITAL PROVIDED:
Net Income $ 385,483 $ 2,020,365 $ 2,405,848 $ 2,106,402
Items which did not require
outlay of working capital:
Depreciation 1,054,865 -0- 1,054,865 1,054,613
Gain on sale of fixed assets (95,424) -0- (95,424) (77,730)
Adjustment, prior period (89,253) -0- (89,253) -0-
Working capital provided by
operations 1,255,671 2,020,365 3,276,036 3,083,285
OTHFR SOURCES:
Contributions from other funds 10,535 -0- 10,535 326,160
Proceeds from sale of fixed assets 136,149 -0- 136,149 182,198
Working Capital Provided 1,402,355 2,020,365 3,422,720 3,591,643
WORKING CAPITAL APPLIED:
Acquisition of fixed assets 1,280,159 -0- 1,280,159 1,567,743
Payments and current maturities
of long-term debt and capital
lease obligations 1,000 -0- 1,000 237,480
Working Capital Applied 1,281,159 -0- 1,281,159 1,805,223
INCREASE IN WORKING CAPITAL $ 121,196 $ 2,020,365 $ 2,141,561 $ 1,786,420
HANGES IN COMPONENTS OF WORKING
CAPITAL:
Increase (decrease) in current
assets:
Cash with treasurer $ 281,012 $ 7,042 $ 288,054 $ 106,009
Cash - other -0- (353) (353) (1,292)
Investments -0- 1,838,177 1,838,177 1,794,290
Receivables:
Accounts (5,587) 187,641 182,054 (468,142)
Current property taxes 23,179 -0- 23,179 463,578
Delinquent property taxes 3,238 -0- 3,238 1,300
Due from other governmental units (19,322) -0- (19,322) (59,755)
Due from other county funds 106,828 212 107,040 (203,032)
Inventories (66,399) -0- (66,399) 41,001
Prepaid expenses (2,020) (2,082) (4,102) 4,821
Net increase (decrease)
in current assets 320929 2,030,637 2,351,566 1,678,778
(Increase) decrease in current
liabilities:
Cash with treasurer-overdraft -0- -0- -0- 11,062
Vouchers payable (45,358) (10,175) (55,533) 73,729
Accrued liabilities (111,798) -0- (111,798) 9,406
Due to other governmental units 6,100 -0- 6,100 (6,100)
Due to other county funds (133,191) (97) (133,288)
33
Current portion of long-term debt 107,693 -0- 107,693 (14,010)
Deferred revenue (23,179) -0- (23,179) (57,789)
Other liabilities -0- -0- -0- 3,811
Net (increase) decrease in
current liabilities (199,733) (10,272) (210,005) 107,642
INCREASE IN WORKING CAPITAL $ 121,196 $ 2,020,365 $ 2,141,561 $ 1,786,420
The Notes to Financial Statements are an integral part of this schedule.
26
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31 , 1983
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,
self—balancing account groups are established to account for
the general fixed assets and general long—term debt 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.
27
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1983
Note 1 - Summary of Significant Accounting Policies (Continued) :
BASIS OF PRESENTATION (continued) :
Special Revenue Funds:
Special Revenue Funds are established to account for
taxes or other earmarked revenue of the County which
finance specified activities as required by law or
administrative action.
Capital Projects Funds:
Capital Projects Funds are established to account for
financial resources used for the acquisition or
improvement 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.
28
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1983
Note 1 - Summary of Significant Accounting Policies (Continued) :
FIXED ASSETS, LONG-TERM LIABILITIES AND LONG-TERM RECEIVABLES:
The accounting and reporting treatment applied to the fixed
assets and long-term liabilities associated with a fund are
determined by its measurement focus as discussed above.
All fixed assets are valued at historical cost or estimated
historical cost if actual historical cost is not available.
Donated fixed assets are valued at their estimated fair value
on the date donated.
Fixed assets used in governmental fund type operations 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
Accrued vacation and sick pay for the governmental funds are
accounted for in the General Long-Term Debt Account Group.
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.
29
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1983
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 1983 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.
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.
30
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1983
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 1983, 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 purposes, when applied to the total valuation for
assessment of the County, shall be reduced so as to prohibit
the levying of a greater amount of tax revenue than was levied
from ad valorum taxation in the preceding year, plus five per
cent (5%) , except to provide for the payment of bonds and
interest. The Board of County Commissioners may submit the
question of an increased levy to the County Council, and if in
the opinion of a majority of the County Council the county is
in need of additional funds, the Council may grant an increased
levy for the county in such amount as it deems appropriate, and
the county is authorized to make such increased levy.
31
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1983
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 1983 the mill levy in Weld County for the
Social Services Fund was 2. 312 mills. Section 25-3-30, C.R.S.
1973 restricts the Weld County General Hospital Trust Fund to
3.00 mills each year. For 1983, the levy was .650 mills.
Section 30-25-201 , C.R.S. 1973, formerly restricting the
General Fund mill levy was repealed effective June 19, 1982.
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, 1983 levies for the applicable funds of
the County are as follows:
Levy
Mills Amount
General Fund 9.707 $ 8,139,526
Road & Bridge 2.984 2,501,898
Social Services Fund 2.312 1,938,586
Contingency .720 640,382
Public Works Fund -
County Buildings .246 206,602
Weld County General
Hospital Trust Fund .650 545,162
IGS - Insurance .553 463,578
TOTAL 17. 172 $ 14.399,734
32
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1983
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 and recorded as an expenditure
at the time earned. 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, 1983, the
liability for accumulated sick-leave approximated $609,120.
Unused vacation time is forfeited after 24 months from date
earned.
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.
33
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1983
Note 1 - Summary of Significant Accounting Policies (Continued) :
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, and
the Weld County Housing Authority are not included in the Weld
County Comprehensive Annual Financial Report because they are
under the direction of independent boards of trustees. The
County does not exert any significant influence or control over
the Boards of Trustees, nor does it guarantee any of their
outstanding debt.
34
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1983
Note 2 - Individual Fund Interfund Receivable and Payable Balances:
Interfund receivable and payable balances at December 31, 1983 are as
follows:
Interfund Interfund
Receivables Payables
General Fund $ 205,597 $ 287,471
Special Revenue Funds:
Road and Bridge Fund 74, 141 261 ,089
Social Services Fund —0— 37,520
Public Health Fund 4,515 12,519
Library Fund 1,041 6,040
Human Resources Fund 57,367 66,597
Solid Waste Fund -0- 5,661
Capital Projects Funds -0- -0-
Special Assessment Funds:
Improvement District Number 1982-2
Elmore Road -0- 719
Internal Service Funds:
Motor Vehicle Fund 309,017 26,828
Printing and Supply Fund 11,747 17,680
Computer Services Fund 164,619 51,088
Insurance Fund 21,278 64,627
Trust and Agency Funds:
Hospital Agency Fund -0- -0-
Weld County Retirement Fund 212 180
Payroll Agency Fund 92,438 54,247
Health Insurance Fund 119 49,825
TOTAL $ 942,091 $ 942,091
35
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1983
Note 3 - Changes in General. Fixed Assets:
A summary of changes in general fixed assets follows:
Balance Balance
1/1/82 Additions Deletions 12/31/82
Land $ 993,069 $ -0- $ -0- $ 993,069
Land improvements 203,571 1,790 -0- 205,361
Buildings 15,586,416 266,827 -0- 15,853,243
Equipment and
furniture 1,981 ,418 216,544 35,256 2, 162,706
Total $18,764,474 $485,161 $ 35,256 $19,214,379
Transfers among departments of $107,537 are not included above.
Note 4 - Capital Lease Obligation:
The following is an analysis of leased property at December 31,
1983:
Land $ 274,820
The County leases 106 acres of land primarily for the excavation of
gravel and storage of construction equipment and vehicles. The
lease, which expires in 1985, is payable in annual installments.
The County has the option to purchase the land in 1985 for $1, 100.
Minimum commitments under the lease together with the present value
of the net minimum payments are as follows as of December 31, 1983:
Year Ending December 31,
1984 $ 43,781
1985 1,100
Total minimum payments 44,881
Less amount representing interest 4,171
Present value of net estimated payments 40,710
Current portion 39,710
Capital lease obligation-long term $ 1,000
36
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1983
Note 5 - Other Required Individual Fund Disclosures:
The deficit fund balance of the Special Assessment Funds
(Improvement District Number 1982-2 Elmore Road - $ 8,974) arose
because of the application of generally accepted accounting
principles to the financial reporting for such funds. Special
assessments are recognized as revenue only to the extent that
individual installments are considered current assets. The deficit
will be reduced and eliminated as deferred special assessment
installments become current assets.
Excesses of expenditures over appropriations in individual funds are
as follows:
Revised Over-
Appropriation Expenditures expenditure
Special Revenue Funds:
Library Fund $386, 119 $395,582 $(9,463)
Intergovernmental Services:
Printing & Supply 107,473 122, 182 (14,709)
In-kind contributions and expenditures are not included as
budgetahle items.
The District Court, County of Weld, State of Colorado in a Court
Order dated January 28, 1982 in Case Number 80CV1091 decreed that in
accordance with Section 29-1-111.5, CRS, 1973, Weld County can
designate specific ownership tax directly to the Road and Bridge
Fund.
In accordance with Section 8-44-110, CRS, 1973, a property tax mill
levy may be used to fund the self-insurance program for local county
activities.
37
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1983
Note 6 - Budgets:
An annual expenditure budget is adopted for all governmental,
proprietary and expendable trust funds of the county. Revisions
made to the original budget for each fund were as follows:
Original Total Revised
Budget Revisions Budget
General Fund $13,245,317 $ 615,548 $13,860,865
Special Revenue Funds:
Road and Bridge Fund 7,638,408 1,389,240 9,027,648
Social Services Fund 12,742,212 -0- 12,742,212
Federal Revenue Sharing
Fund 1, 141,443 6,369 1, 147,812
Conservation Trust Fund -0- 194,698 194,698
Contingent Fund 1,048,382 -0- 1,048,382
Public Health Fund 1,529,483 116,281 1,645,764
Library Fund 372, 181 13,938 386,119
Human Resources Fund 2,528,357 991, 177 3,519,534
Solid Waste Fund 72,849 16,339 89,188
Subdivision Park Site Fund 19,857 -0- 19,857
Capital Projects Funds:
Public Works Fund -
County Buildings 1 ,252,334 61,742 1,314,076
Special Assessment Funds:
Elmore Road -0- 6,000 6,000
Internal Service Funds:
Motor Vehicle Fund 3,909,264 55,954 3,965,218
Printing and Supply Fund 101,878 5,595 107,473
Computer Services Fund 1,360,203 4, 179 1,364,382
Insurance Fund 580,228 400,000 980,228
Trust and Agency Funds:
Weld County General Hospital
Trust Fund 645,162 -0- 645,162
Health Insurance Fund -0- 1,000,000 1,000,000
TOTAL $48, 187,558 $4,877,060 $53,064,618
Note 7 - Operating Leases:
On May 30, 1973, the County entered into a lease agreement for a
building used by the Department of Social Services. The term of the
lease is for ten years, commencing April 1, 1974 and expiring March
31, 1984. Lease expenditures for the year ended December 31, 1983
were $88,551.
Minimum commitments at December 31, 1983 under the lease agreement
are $22, 138, payable in 1984.
38
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1983
Note 7 - Operating Leases (Continued) :
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 of $707,300 was paid April 1,
1984.
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, 1983
was $34,087.
Note 8 - Weld County Retirement Plan:
The Weld County Retirement Plan is a trusteed 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, 1983 was $614,570. Based upon the actuarial valuation
report at December 31, 1983, 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. Prior to December 31, 1983, employees were
required to contribute the minimum funding requirement of 4% of
monthly compensation plus 2% of monthly compensation in excess of
$400. Effective January 1, 1984, employees are required to
contribute 5.5% of monthly compensation. The County continues to
match employee contributions and will make such other contributions
as may be necessary to finance prior service benefits provided by
the Plan.
In accordance with the plan the county makes contributions to the
fund in an amount equal to the monthly contributions of the members.
Although there is no additional actuarial requirement currently, the
county may, from time to time, make contributions to the fund to the
extent necessary to finance on a sound actuarial basis any prior
service benefits provided by the plan. The county expects to make
such contributions to the plan as necessary, but assumes no
responsibility to do so and reserves the right to suspend or reduce
contributions at any time.
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, 1983, 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) .
39
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1983
Note 8 - Weld County Retirement Plan (Continued) :
Actuarial Present Value of Accumulated Plan Benefits:
Vested Benefits:
Active members $ 4,609,189
Retired members and beneficiaries 2,074,861
Terminated vested members 22,612
Nonvested Benefits 718,248
Total Actuarial Present Value of
Accumulated Plan Benefits $ 7.424,910
The weighted average assumed rate of return used in determining the
actuarial present value of accumulated plan benefits was 71%.
Note 9 - 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 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, 1983 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.
40
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1983
Note 10 - Adjustment of Prior Periods:
Retained Earnings has been restated to reflect the accrual for sick
and vacation for the enterprise funds. Sick leave accrual is
reflective of county policy which states upon termination the
employee will be paid one-half of sick leave accrued, not to exceed
one month's salary. Vacation accrual is paid in full upon
termination. The sick and vacation accrual for governmental funds
is shown in the General Long-term Debt Group of accounts. In
addition, the Road and Bridge Fund reflects an adjustment for
compensatory time earned. The Road and Bridge Fund is the only Fund
to have the compensatory time situation. These adjustments are made
as a result of NCGA Statement 4.
The effect of the Prior Period Adjustment on Fund Balance is as
follows:
Fund Balance/ Fund
Retained Compensatory Balance/
Earnings as Sick and Time Retained
Previously Vacation Earned Earnings
Reported Adjustment Adjustment As Adjusted
Road & Bridge Fund $1,504,796 $ -0- $(49,284) $1,455,512
Motor Vehicle Fund 804, 127 (30,004) -0- 774,123
Printing & Supply
Fund (7,966) (1,744) -0- (9,710)
Computer Services
Fund 385, 101 (57,502) -0- 327,599
TOTAL $2,686.058 $ (89,250) $ (49,284) $ 2,547,524
General long-term debt was set up to account for accrued sick and
vacation pay as required by NCGA Statement #4 for governmental fund
types. The summary below shows both the prior period adjustment and
current year change.
As Prior Balance as Current
Previously Period Restated Year Balance
Reported Adjusment 12/31/82 Change 12/31/83
General long-term debt $-0-. $830,975 $830.975 $53,417 $884,392
Note 11 - Subsequent Events:
On January 1, 1984, the alcohol rehabilitation unit of the Public Health
Fund became a private concern. The new Island Grove Treatment Center
assumed full responsibility for the unearned grant funds and revenues
generated after the January 1 date. The county only retained receivables
for clients prior to the cutoff, as well as, the earned grant revenue.
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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.
f.
ffA'
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' i ''
WIDE
COLORADO `
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
BALANCE SHEET
December 31, 1983
ASSETS
ASSETS:
Cash with treasurer $ 1,214,383
Cash - other 129,705
Receivables (net where applicable of allowance for uncollectibles):
Accounts - ambulance service 176,408
Accounts - other 156,491
Current property taxes 9,298,881
Delinquent property taxes 88,780
Due from other governmental units 241,573
Due from other county funds 205,597
Advance to Special Assessment Fund 10,256
Prepaid expenses 13,832
TOTAL ASSETS $ 11,535,906
LIABILITIES AND FUND BALANCE
LIABILITIES:
Vouchers payable $ 219,976
Accrued liabilities 351,847
Due to other governmental. units 97,900
Due to other county funds 287,471
Deferred revenue 9,298,881
Unexpended grant revenue 119,906
Total Liabilities 10,375,981
FUND BALANCE:
Reserved for advance to Special Assessment Fund 10,256
Reserved for encumbrances 61,487
Reserved for prepaid expenses 13,832
Unreserved:
Designated for subsequent year's expenditures 257,994
Undesignated 816,356
Total Fund Balance 1,159,925
TOTAL LIABILITIES AND FUND BALANCE $ 11,535,906
The Notes to Financial Statements are an integral part of this schedule.
42
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
December 31, 1983
REVENUE:
Taxes $ 8,233,933
Licenses and permits 326,596
Intergovernmental revenue 454,089
Charges for services 925,532
Fines and forfeitures 18,288
Miscellaneous revenue 1,857,183
Fee accounts 1,305,116
Total Revenue 13,120,737
EXPENDITURES:
Current Operating:
General government 5,725,137
Public safety 5,575,881
Public works 427,442
Public health and welfare 69,458
Culture and recreation 156,082
Conservation of natural resources 10,096
Miscellaneous 204,967
Capital outlay 84 205
Total Expenditures 12,253,268
EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES 867,469
OTHER FINANCING SOURCES (USES):
Operating transfers-in 371,424
Operating transfers-out (1,145,700)
Total Other Financing Sources (Uses) (774,276)
EXCESS OF REVENUE OVER EXPENDITURES AND OTHER USES 93,193
FUND BALANCE, January 1, 1983 1,066,732
FUND BALANCE, December 31, 1983 $ 1,159,925
The Notes to Financial. Statements are an integral part of this schedule.
44
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 8,141,287 $ 8,159,526 $ (18,239)
Severance tax 16,017 13,414 2,603
Tobacco products 76,629 70,000 6,629
Total Taxes 8,233,933 8,242,940 (9,007)
LICENSES AND PERMITS:
Business licenses and permits:
Business licenses-liquor 6,879 6,000 879
Nonbusiness licenses and permits:
Building permits 241,029 180,000 61,029
Electrical permits 50,018 59,000 (8,982)
Planning commission permits 28,670 24,970 3,700
Total Licenses and Permits 326,596 269,970 56,626
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
IV-D Incentive 122,984 100,000 22,984
State operating grants:
Connunity Corrections 73,901 150,000 (76,099)
Juvenile Diversion 63,013 43,500 19,513
IEAF 2,946 -0- 2,946
Job Diversion 112,762 80,000 32,762
State shared revenues:
State shared salaries 28,600 28,600 -0-
Local revenue:
Cities and towns 49,883 19,446 30,437
Total Intergovernmental Revenue 454,089 421,546 32,543
CHARGES FOR SERVICES:
Social Services 70,156 73,000 (2,844)
Rescue unit fees 625,414 570,740 54,674
Public safety 20,363 15,500 4,863
Other 209,599 302,578 (92,979)
Total Charges for Services 925,532 961,818 (36,286)
FINES AND FORFEITURES
DUI fines 181288 27,500 (9,212)
Total Fines and Forfeitures 18,288 27,500 (9,212)
MISCELLANEOUS REVENUE:
Earnings on investments 1,209,512 1,099,304 110,208
Rents 29,351 21,200 8,151
Royalties 298,863 270,000 28,863
A-87 cost plan 140,635 140,000 635
A-87 in-kind 61,016 60,000 1,016
Other 117,806 40,100 77,706
Total Miscellaneous Revenue 1,857,183 1,630,604 226,579
FEE ACCOUNTS:
Sheriff's fees 79,307 84,400 (5,093)
Clerk and recorder fees 847,509 795,000 52,509
Treasurer fees 349,252 343,000 6,252
Assessor's fees 29,048 39,500 (10,452)
Total Fee Accounts 1,305,116 1,261,900 43,216
TOTAL REVENUE $13,120,737 $12,816,278 $ 304,459
The Notes to Financial Statements are an integral part of this schedule. •
45
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
GENERAL GOVERNMENT:
Commissioners-office of the board $ 234,748 $ 239,486 $ 4,738
County Attorney 221,263 228,332 7,069
Public Trustee 1,630 2,100 470
Planning and zoning 180,806 182,794 1,988
County Clerk 962,578 968,988 6,410
Elections and registration 124,761 144,311 19,550
County Treasurer 470,870 473,827 2,957
County Assessor 758,365 808,342 49,977
Maintenance of buildings and grounds 926,004 921,431 (4,573)
County Council 6,918 28,351 21,433
District Attorney 708,362 728,801 20,439
Juvenile Diversion 121,435 103,346 (18,089)
Financial administration 128,825 134,009 5,184
General accounting 276,842 281,525 4,683
Purchasing 131,651 132,531 880
Personnel 206,099 229,649 23,550
PBX phone service 263,980 263,876 (104)
Total General Government 5,725,137 5,871,699 146,562
PUBLIC SAFETY:
Sheriff administration 803,848 819,793 15,945
Crime control and investigation 1,521,703 1,591,257 69,554
Possee-special deputies 2,370 3,168 798
Communications services 322,999 332,993 9,994
Ambulance services 716,204 743,505 27,301
County Coroner 48,595 45,100 (3,495)
Correctional administration 1,561,867 1,575,290 13,423
Community Corrections 63,379 211,628 148,249
Delinquents and other institutions 128,153 129,086 933
Public Service - DUI 15,542 17,500 1,958
Building inspection 210,143 243,002 32,859
Civil defense 1,128 1,659 531
Predatory animal control 12,000 12,000 -0-
Animal control 65,818 65,818 -0-
Pest and weed control 102,132 112,781 10,649
Total Public Safety $ 5,575,881 $ 5,904,580 $ 328,699
(Continued on next page)
46
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
PUBLIC WORKS:
General engineering $ 205,954 $ 245,607 $ 39,653
Extension services 139,154 148,806 9,652
Veterans' office 42,334 43,020 686
Airport 40,000 43,356 ___--.1---
3356
Total Public Works 427,442 480,789 -----1-__
53347
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 67,796 26,645 (41,151)
Missile site park 14,401 73 (14,328)
County fair 73,885 24,359 (49,526)
Total Culture and Recreation 156,082 51,077 (105,005)
CONSERVATION OF NATURAL RESOURCES:
Northern Colorado Research Center 3,000 3,000 -0-
West Greeley Soil Conservation ___A 7096 7,096 -0-
Total Conservation of
Natural Resources 10,096 10,096 -0-
MISCELLANEOUS:
Other 204,967 300,595 95,628
Total Miscellaneous 204,967 300,595 95,628
CAPITAL OUTLAY:
Equipment 84,205 119,625 _----2----
35420
Total Capital Outlay 84,205 119,625 35,420
TOTAL EXPENDITURES $ 12,2.53,268 $ 12,807,919 $ 55651
The Notes to Financial Statements are an integral part of this schedule.
(Continued from Preceding Page)
47
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
Schedule of Operating Transfers-in Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
Operating Transfers-in:
Contingent $ 316,424 S 316,424 S -0-
Conservation Trust 55,000 -0- 55,000
TOTAL OPERATING TRANSFERS-IN $ 371,424 $ 316,424 $ 55,000
Schedule of Operating Transfers-Out Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING TRANSFERS-OUT:
Library Fund $ 376,281 $ 376,281 $ -0-
Public Health Fund 414,193 414,193 -0-
Human Resources Fund 121,550 8,619 (112,931)
Retirement Fund 109,823 80,000 (29,823)
Computer Services Fund -0- 50,000 50,000
Motor Pool 123,853 123,853 -0-
TOTAL OPERATING TRANSFERS-OUT $ 1,145,700 $ 1,052,946 $(92,754)
The Notes to Financial Statements are an integral part of this schedule.
48
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COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1983
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.
49
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE ANDS
COMBINING BALANCE SHEET
December 31, 1983
Federal
Road and Social Revenue Conservation
Bridge Services Sharing Trust Contingent
Fund Fund Fund Fund Fund
ASSETS
ASSETS:
Cash with treasurer $ 1,022,723 $ 1,183,282 $ 4,307 $ 139,698 $ 768,224
Cash-other 5,343 7,538 -0- -0- -0-
Receivables (net where
applicable of allowance
for uncollectibles):
Accounts 45,913 83,612 -0- -0- -0-
Current property taxes 2,531,108 1,979,999 -0- -0- 100,000
Delinquent property
taxes 24,424 21,033 -0- -0- 7,190
Due from other govern-
mental units 210,212 17,857 354,305 -0- -0-
Due from other county funds 74,141 -0- -0- -0- -0-
Inventories 678,201 -0- -0- -0- -0-
Prepaid expenses -0- -0- -0- -0- -0-
TOTAL ASSETS $ 4,592,065 $ 3,293,321 $ 358,612 $ 139,698 $ 875,414
LIABILITIES AND FUND BALANCE
LIABILITIES:
Vouchers payable $ 45,323 $ 79,407 $ -0- $ 1,598 $ -0-
Accrued liabilities 165,113 -0- -0- -0- -0-
Due to other governmental units 59,506 900,334 -0- -0- -0-
Due to other county funds 261,089 37,520 -0- -0- -0-
Deferred revenue 2,533,078 1,979,999 -0- -0- 100,000
Other liabilities -0- 26,022 -0- -0- -0-
Total Liabilities 3,064,109 3,023,282 -0- 1,598 100,000
FUND BALANCE:
Reserved for encumbrances 175,620 -0- -0- -0- -0-
Reserved for prepaid
expenses -0- -0- -0- -0- -0-
Unreserved:
Designated for subsequent
year's expenditures -0- 78,225 -0- -0- 750,000
Undesignated 1,352,336 191,814 358,612 138,100 25,414
Total. Fund Balance 1,527,956 270,039 358,612 138,100 775,414
TOTAL LIABILITIES AND
FUND BALANCE $ 4,592,065 $ 3,293,321 $ 358,612 1_112.2f21 12211212t.
The Notes to Financial Statements are an integral part of this schedule.
50
Public Human Solid Subdivision
Health Library Resources Waste Park Site
Fund Fund Fund Fund Fund Total
$ 171,387 $ 44,970 $ 116,842 $ 35,661 $ 19,220 $ 3,506,314
200 1,645 75 -0- -0- 14,801
43,151 4,006 25,046 12,051 -0- 213,779
-0- -0- -0- -0- -0- 4,611,107
-0- -0- -0- -0- -0- 52,647
188,260 -0- 1,222,276 -0- -0- 1,992,910
4,515 1,041 57,367 -0- -0- 137,064
-0- -0- -0- -0- -0- 678,201
-0- 255 10,134 -0- -0- 10,389
$ 407,513 $ 51,917 $ 1,431,740 $ 47,712 $ 19,220 $ 11,217,212
$ 16,843 $ 7,931 $ 52,284 $ -0- $ -0- $ 203,386
65,390 12,925 126,022 -0- -0- 369,450
-0- -0- -0- -0- -0- 959,840
12,519 6,040 66,597 5,661 -0- 389,426
129,231 -0- 885,611 -0- -0- 5,627,919
-0- -0- -0- -0- -0- 26,022
223,953 26,896 1,130,514 5,661 -0- 7,576,043
262 269 54,010 -0- -0- 230,161
-p- 255 10,134 -0- -0- 10,389
145,000 -0- -0- -0- 10,000 983,225
38,268 24,497 237,082 42,051 9,220 2,417,394
183,530 25,021 301,226 42,051 19,220 3,641,169
l 407,5_12 $ 51,917 $ 1,431,740 $ 47,712 L122222 $ 11,217,212
51
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
December 31, 1983
Federal
Road and Social Revenue Conservation
Bridge Services Sharing Trust Contingent
Fund Fund Fund Fund Fund
REVENUE:
Taxes $ 3,275,124 $ 2,088,599 $ -0- $ -0- $ 648,070
Licenses and permits 309,049 -0- -0- -0- -0-
Intergovernmental revenue 2,940,1.47 10,238,742 1,502,044 194,698 -0-
Charges for services 103,190 -0- -0- -0- -0-
Fines and forfeitures -0- -0- -0- -0- -0-
Miscellaneous revenue 18,420 -0- -0- -0- 2,459
Total Revenue 6,645,930 12,327,341 1,502,044 194,698 650,529
EXPENDITURES:
Current Operating:
Public works 7,289,435 -0- -0- -0- -0-
Public health and
welfare -0- 12,340,864 -0- -0- -0-
Culture and recreation -0- -0- -0- 1,598 -0-
Economic assistance -0- -0- -0- -0- -0-
Intragovernmental
expenditures 431,789 -0- -0- -0- -0-
Miscellaneous -0- -0- -0- -0- -0-
Capital Outlay -0- -0- -0- -0- -0-
Total Expenditures 7,721,224 12,340,864 -0- 1,598 -0-
EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES (1,075,294) (13,523) 1,502,044 193,100 650,529
OTHER FINANCING SOURCES
(USES):
Operating transfers-in 1,147,739 -0- -0- -0-
Operating transfers-out -0- -0- (1,147,739) (55,000) (316,424)
Total. Other Financing
Sources (Uses) 1,147,739 -0- (1,147,739) (55,000) (316,424)
EXCESS (DEFICIENCY) OF
REVENUE AND OTHER SOURCES
OVER EXPENDITURES AND
OTHER USES 72,445 (13,523) 354,305 138,100 334,105
FUND BALANCE, January 1, 1983 1,504,796 283,562 4,307 -0- 441,309
Adjustment of Prior Periods (49,285) -0- -0- -0- -0-
FUND BALANCE, January 1,
1983, as restated 1,455,511 283,562 4,307 -0- 441,309
FUND BALANCE, December 31,
1983 $ 1,527,956 $ 270,039 $ 358,612 §.-11I,10 $ 775,414
The Notes to Financial Statements are an integral part of this schedule.
52
Public Human Solid Subdivision
Health Library Resources Waste Park Site
Fund Fund Fund Fund Fund Total
$ -0- $ -0- $ -0- $ -0- $ -0- $ 6,011,793
-0- -0- -0- -0- -0- 309,049
761,072 -0- 2,701,871 -0- -0- 18,338,574
178,695 13,739 65,014 120,189 -0- 480,827
-0- 8,379 -0- -0- -0- 8,379
-0- 18,279 651,465 -0- -0- 690,623
939,767 40,397 3,418,350 120,189 -0- 25,839,245
-0- -0- -0- -0- -0- 7,289,435
1,551,223 -0- -0- -0- -0- 13,892,087
-0- 395,582 -0- -0- -0- 397,180
-0- -0- 3,293,488 -0- -0- 3,293,488
-0- -0- -0- -0- -0- 431,789
-0- -0- -0- 383 -0- 383
-0- -0- -0- -0- 637 637
1,551,223 395,582 3,293,488 383 637 25,304,999
(611,456) (355,185) 124,862 119,806 (637) 534,246
414,193 376,281 8,788 -0- -0- 1,947,001
-0- -0- -0- (82,105) -0- (1,601,268)
414 l93 376,281 8,788 (82,105) -0- 345,733
(197,263) 21,096 133,650 37,701 (637) 879,979
380,793 3,925 167,576 4,350 19,857 2,810,475
-0- -0_ _0_ (49,285)
380,793 3,925 167,576 4,350 19,857 2,761,190
$ 183530 $ 25,021 $ 301,226 $ 42,051 $ 19,220 S 3,641,169
53
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
ROAD AND BRIDGE FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 2,503,565 $ 2,501,898 $ 1,667
Specific ownership taxes 771,559 736,000 35,559
Total Taxes 3,275_,124 3,237,898 37,226
LICENSES AND PERMITS:
Nonbusiness licenses and permits:
Moving permits 309,049 239,131 69,918
Total Licenses and Permits 309,049 239,131 69,918
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
Bridge grant -0- 257,700 (257,700)
Matching funds-snow/gravel -0- 1,000 (1,000)
Bankhead-Jones Grazing Act 64,675 21,767 42,908
Mineral leasing act 107,979 30,000 77,979
Federal payments in lieu of taxes 32,131 32,130 1
State shared revenues:
Highway users tax 2,404,727 2,448,000 (43,273)
Motor vehicle registration fees 182,397 165,000 17,397
Highway user-bridge special 139,290 404,800 (265,510)
Highway user-Public Utility Commission 8,948 -0- 8,948
Total Intergovernmental Revenue 2,9403147 3,360,397 (420,250)
CHARGES FOR SERVICES:
County roads and highways:
Landfill surcharge 82,105 72,094 10,011
Other 21,085 2,000 19,085
Total Charges for Services 103,190 74,094 29,096
MISCELLANEOUS REVENUE:
Miscellaneous 18,420 1,300 17,120
Total Miscellaneous Revenue 18,420 1,300 17,120
TOTAL REVENUE $ 6,645,930 $ 6,912,820 $ (266,890)
The Notes to Financial Statements are an integral part of this schedule.
54
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
ROAD AN6 BRIDGE FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
PUBLIC WORKS:
Roadway construction $ 4,093,613 S 4,365,169 $ 271,556
Bridge construction 996,465 1,676,073 679,608
Maintenance of condition 2,001,995 2,333,459 331,464
Administration 93,765 102,864 9,099
Other public works 103,597 113,393 9,796
Total Public Works 7,289,435 8,590,958 1,301,523
INTERGOVERNMENTAL EXPENDITURES:
Grants-in-aid to cities/towns 431,789 _ 436690 4,901
Total Intergovernmental 431,78.9 436,690 4,901
Expenditures
TOTAL EXPENDITURES $ 7,721,224 $ 9,027,648 S 1,306,424
Schedule of Operating Transfers-in Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS-IN:
Federal Revenue Sharing Fund $ 1,147,739 $ 1,147,812 s 73
TOTAL OPERATING TRANSFERS-IN $ 1,147,739 $ 1,147,812 $ 73
The Notes to Financial Statements are an integral part of this schedule.
5!
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
SOCIAL SERVICES FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 1,940,139 $ 1,938,586 $ 1,553
Specific ownership taxes 140,563 145,000 (4,437)
Penalties and interest on
delinquent taxes 7,897 -0- 7,897
Total Taxes 2,088,599 2,083,586 5,013
INTERGOVERNMENTAL REVENUE:
State operating grants:
Administration 1,844,038 1,924,426 (80,388)
IV-D administration 176,120 183,400 (7,280)
Aid to families with
dependent children 3,801,289 3,776,000 25,289
Aid to the blind 5,230 6,000 (770)
Aid to needy disabled 332,878 315,200 17,678
Day care-ordinary 241,864 236,000 5,864
Child welfare 829,162 832,800 (3,638)
Old age pension 1,800,925 1,970,000 (169,075)
Indo-Chinese refugee assistance 10,049 32,000 (21,951)
Medical transportation 15,516 11,000 4,516
Energy assistance 1,158,799 1,371,800 (213,001)
Jobs bill 22,872 -0- 22,872
Total Intergovernmental Revenue 10,238,742 10,658,626 (419,884)
TOTAL REVENUE $ 12,327,341 $ 12,742,212 $ (414,871)
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
PUBLIC HEALTH AND WELFARE:
Administration $ 2,491,537 $ 2,528,912 $ 37,375
IV-D administration 252,325 262,000 9,675
Aid to families with
dependent children 4,737,642 4,728,000 (17,642)
Aid to the blind 5,851 7,500 1,649
Aid to needy disabled 408,931 394,000 (14,931)
Day care-ordinary 302,376 295,000 (7,376)
Child welfare 1,036,201 1,041,000 4,799
Old age pension 1,800,925 1,970,000 169,075
Indo-Chinese refugee assistance 10,049 32,000 21,951
Medical transportation 15,531 11,000 (4,531)
Energy assistance 1,161,395 1,371,800 210,405
General. assistance 94,296 109,000 14,704
Jobs bill 23,805 -0- (23,805)
Total Public Health and Welfare _ 12,_3400,864 12,742,212 401,348
TOTAL EXPENDITURES $ 12,340,864 $ 12,742,212 $ 401,348
The Notes to Financial Statements are an integral part of this schedule.
56
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
FEDERAL REVENUE SHARING FUND
Year Ended December 31, 1983
Schedule of Revenue Compared with Estimate
Variance
Favorable
Actual Estimate (Unfavorable)
INTERGOVERNMENTAL REVENUE:
Federal entitlements $ 1,502,044 $ 1,147,812 $ 354,232
Total Intergovernmental Revenue 1,502,044 1,147,812 354,232
TOTAL REVENUE $ 1,502,044 $ 1,147,812 $ 354,232
Schedule of Operating Transfers-Out Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING TRANSFERS-OUT:
Road and Bridge Fund $ 1,147,739 $ 1,147,812 $ 73
TOTAL OPERATING TRANSFERS-OUT $ 1,147,739 $ 1,147,812 $ 73
The Notes to Financial Statements are an integral part of this schedule.
5.
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
CONSERVATION TRUST FUND
Year Ended December 31, 1983
Schedule of Revenue Compared with Estimate
Variance
Favorable
Actual Estimate (Unfavorable)
INTERGOVERNMENTAL REVENUE:
State Lottery $ 194,698 $ 194,698 S -0-
Total Intergovernmental Revenue 194,698 194,698 -0-
TOTAL REVENUE $ 194,698 $ 194698 S -0-
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
CULTURE AND RECREATION:
Parks S 1,598 $ 139,698 1_11L129_
Total Culture and Recreation 1,598 139,698 138,100
TOTAL EXPENDITURES $ 1,598 $ 139,698 $ 138,100
Schedule of Operating Transfers-Out Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING TRANSFERS-OUT:
General Fund $ 55,000 $ 55,000 S -0-
TOTAL OPERATING TRANSFERS-OUT $ 55000 $ 55,000 $ -0-
The Notes to Financial Statements are an integral part of this schedule.
58
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
CONTINGENT FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 604,295 $ 604,382 $ (87)
Specific ownership taxes 43,775 20,733 23,042
Total. Taxes 648,070 625,115 22,955
MISCELLANEOUS REVENUE:
Earnings on investment 2,459 -0- 2,459
Total Miscellanoues Revenue 2,459 -0- 2,459
TOTAL REVENUE $ 650,529 $ 625,115 $ 25,414
Schedule of Operating Transfers-Out Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING TRANSFERS-OUT:
General. Fund $ 316,424 $ 1,048,382 $ 731,958
TOTAL OPERATING TRANSFERS-OUT $ 316,424 $ 1,048)382 $ 731,958
The Notes to Financial Statements are an integral part of this schedule.
59
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
PUBLIC HEALTH FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
Medicare $ 6,817 $ 5,000 $ 1,817
EPA 18,197 17,402 795
State operating grants:
State per capita 111,653 147,560 (35,907)
Alcohol rehabilitation 355,832 385,973 (30,141)
Family planning 87,008 -0- 87,008
Energey Impact Assistance 65,800 160,478 (94,678)
Other 61,273 68,544 (7,271)
Local:
Alcohol Recovery 21,500 21,500 -0-
Mental Health 32,992 26,040 6,952
Other
Total Intergovernmental Revenue 761,072 832,497 (71,425)
CHARGES FOR SERVICES:
Health:
Laboratory 12,463 20,894 (8,431)
Alcohol rehabilitation 60,014 78,500 (18,486)
Nursing 18,701 5,989 12,712
Home health care 5,462 -0- 5,462
Environmental Health 62,151 49,860 12,291
Other 19,904 20,000 (96)
Total Charges for Services 178,695 175,243 3,452
TOTAL REVENUE $ 939,767 $ 1,007,740 $ (67,973)
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
PUBLIC HEALTH AND WELFARE:
Administration $ 13,289 $ 45,839 $ 32,550
Health education 37,554 41,879 4,325
Laboratory 200,412 207,986 7,574
Alcohol rehabilitation 476,970 490,336 13,366
General nursing 599,865 636,371 36,506
Environmental health 223,133 223,353 220
Total Public Health and Welfare 1,551,223 1,645,764 94,541
TOTAL EXPENDITURES $ 1,551,223 $ 1,645,764 $ 94,541
Schedule of Operating Transfers-in Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS-IN:
General Fund $ 414,193 $ 414,193 $ -0-
TOTAL OPERATING TRANSFERS-IN $ 414,193 $ 414,193 $ -0-
The Notes to Financial Statements are an integral part of this schedule.
60
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
LIBRARY FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
CHARGES FOR SERVICES:
Library use treasurer $ 13739 1__ 22.222 $ (6,261)
Total Charges for Services 13,739 20,000 (6,261)
FINES AND FORFEITURES:
Library fines 8,379 _ 6,438 1,941
Total Fines and Forfeitures 8,379 6,438 1,941
MISCELLANEOUS REVENUE:
Rent 2,524 2,500 24
Other 15,025 -0- 15,025
Donations 730 900 (170)
Total Miscellaneous Revenue 18,279 3,400 14,879
TOTAL REVENUE $ 40,397 1_21,E38 $ 10,559
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
CULTURE AND RECREATION:
Weld County Library S 395,582 S 386,119 $ (9,463)
Total Culture and Recreation 395,582 386,119 (9463)
TOTAL EXPENDITURES $ 395,582 1_21L111 $ (9,463)
Schedule of Operating Transfers-in Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS-IN:
General Fund $ 376,281 $ 376,281 $ -0-
TOTAL OPERATING TRANSFERS-IN $ 376,281 1_22±211 $ '0-
The Notes to Financial Statements are an integral part of this schedule.
•
61
COUNTY OF WELD •
STATE OF COLORADO
9PFCIAL REVENUE FUNDS
Ill*AN RESOURCES FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
Comprehensive Employment
Training Act S 1,071,783 $ 1,563,627 S (491,844)
Headstart 477,609 478,531 (922)
State operating grants:
Weatherization 7,934 6,878 1,056
Supplemental foods 97,441 105,469 (8,028)
Area Agency on Aging 361,880 441,683 (79,803)
Job service 264,610 299,030 (34,420)
Private Industry Council 9,035 38,333 (29,298)
Jobs Training Partnership Act 164,106 214,944 (50,838)
Community Services Administration 134,711 148,199 (13,488)
Local sources:
Welfare diversion 112,762 60,000 52,762
Total Intergovernmental Revenue 2,701,871 3,356,694 (654,823)
CHARGES FOR SERVICES:
Headstart 3,203 -0- . 3,203
Community Services Administration 55 15,171 (15,116)
Transportation 61,756 75,000 (13,244)
Total Charges for Services 65,034 90,171 (251157)
MISCELLANEOUS REVENUE:
Program income 58,310 63,141 (4,831)
Other Non-Federal income 80 -0- _ 80
Total Miscellaneous Revenue 58,390 63,141 (4,751)
TOTAL BUDGETED REVENUE 2,825,275 $ 3,510,006 S (684,731)
NON-FEDERAL IN-KIND CONTRIBUTIONS 593,075
TOTAL REVENUE $ 3,418,350
Schedule of Operating Transfers-in Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS-IN: $ 9 435 $ (647)
General Fund $ 8,788 � _
TOTAL OPERATING TRANSFERS-IN Lill! $ 435 S (647)
The Notes to Financial Statements are an integral part of this schedule.
62
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
HUMAN RESOURCES FUND
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
ECONOMIC ASSISTANCE:
Comprehensive Employment and Training Act $ 1,071,783 $ 1,637,115 $ 565,332
65 332
Community Services Administration 134,766 149,882 5,116)
Headstart 480,892 478,531
Weatherization 7,934 9,818 1,884
Supplemental Foods 106,425 102,529 (3,896)
Area Agency on Aging 428,978 514,259 85,281
281
Job Service 264,610 299,030 34.
Transportation 15,725 75,093 59,368
P38 333 29,298
osaTe Industry Council 9,035 214,944 50,838
Jobs Training i Partnership Act 164,106 -0- (16,159)
Welfare Diversion 16,159
TOTAL BUDGETED EXPENDITURES 2,700,413 $ 3,519,534 $ 819,121
In-kind expenditures:
Comprehensive Employment and Training Act 23,821
Community Services Administration 337,959
129,554
Beadstart
74
Supplemental Foods 4,85555
Area Agency on Aging 24,732
,
Job Service
Total Economic Assistance , 593,075
TOTAL EXPENDITURES $ 3,293,488
The Notes to Financial Statements are an integral part of this schedule.
63
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
SOLID WASTE FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
CHARGES FOR SERVICES:
Surcharge on dumping fees §._222.0j2. S 87,000 $ 33,189
Total Charges for Services 120,189 87,000 33,189
TOTAL REVENUE $ 120,189 $ 87,000 S 33,189
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
MISCELLANEOUS:
Other $ 383 S 17,755 S 17 1372
Total Miscellaneous 383 — 17,755 17,372
TOTAL EXPENDITURES $ 383 1_11211 $ 17,372
Schedule of Operating Transfers-Out Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING TRANSFERS-OUT: 72,094 $ (10,011)
Road and Bridge Fund $ 82,105 S -
TOTAL OPERATING TRANSFERS-OUT S 82,105 $ 72,094 $ (1,O11)
The Notes to Financial Statements are an integral part of this schedule.
64
COUNTY OF WELD -
STATE OF COLORADO
SPECIAL REVENUE FUNDS
SUBDIVISION PARR SITE run
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
CAPITAL OUTLAY:
Land $ 637 S 19,857 S 19,220
Total Capital Outlay 637 19857 19,220
TOTAL EXPENDITURES $ 637 L.12.212? $ 19,220
The Notes to Financial Statements are an integral part of this schedule.
65
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COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1983
Public Works Fund - County Buildings:
This fund accounts for various capital improvement projects on County
buildings.
67
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
PUBLIC WORKS FUND - COUNTY BUILDINGS
BALANCE SHEET
December 31, 1983
ASSETS
ASSETS:
Cash with treasurer $ 1,104,107
Receivables (net where applicable
of allowance for uncollectibles):
Current property taxes 177,813
Delinquent property taxes 2,184
TOTAL ASSETS $ 1,284,104
LIABILITIES AND FUND BALANCE
LIABILITIES:
Vouchers payable $ 30,435
Retainage payable 2,513
Deferred revenue 177,813
Total Liabilities 210,761
FUND BALANCE:
Reserved for encumbrances 80,322
Unreserved:
Designated for subsequent year's
expenditures 715,960
IJndesignated 277,061
Total Fund Balance 1,073,343
TOTAL LIABILITIES AND
FUND BALANCE $ 1,284,104
The Notes to Financial Statements are an integral part of this schedule.
68
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, 1983
REVENUE:
Taxes $ 221,474
Miscellaneous revenue 841
Total Revenue 222315
EXPENDITURES:
Capital outlay 2944, 42
Total Expenditures 294,842
EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES (72,527)
FUND BALANCE, January 1, 1983 1,145,870
FUND BALANCE, December 31, 1983 $ 1,073,343
69
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
PUBLIC WORKS FUND - COUNTY BUILDINGS
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 206,514 $ 206,602 $ (88)
Specific ownership taxes 14,960 14,000 960
Total Taxes 221,474 220,602 872
MISCELLANEOUS REVENUE:
Earnings on investment 841 -0- 841
Total Miscellaneous Revenue 841 -0- 841
TOTAL REVENUE $ 222,315 $ 220,602 $ 1,713
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
CAPITAL OUTLAY:
Building improvements $ 294,842 $ 1,314,076 $ 1,019,234
Total Capital Outlay 294,842 1,314,076 1,019,234
TOTAL EXPENDITURES $ 294,842 $ 1,314,076 $ 1,019,234
The Notes to Financial Statements are an integral part of this schedule.
70
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COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT FUND
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1983
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.
71
COUNTY OF WELD
SATE OF COLORADO
SPECIAL ASSESSMENT FIENDS
BALANCE SHEET
December 31, 1983
ASSETS
Improvement
District
Number 1981-2
Elmore Road
ASSETS:
Cash with treasurer $ 719
Special assessments receivable:
Current 1,282
Deferred 8,974
TOTAL ASSETS $ 10,975
LIABILITIES AND FUND BALANCE
LIABILITJES:
Due to other county funds $ 719
Deferred revenue 8,974
Advance from General Fund:
Current 1,282
Deferred 8,974
Total Liabilities 19,949
FUND BALANCE:
Unreserved:
Undesignated (8,974)
Total Fund Balance (deficit) (8,974)
TOTAL LIABILITIES AND FUND BALANCE $ 10,975
The Notes to Financial Statements are an integral part of this schedule.
•
72
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT FUNDS
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
Year Ended December 31, 1983
Improvement
District
Number 1981-2
Elmore Road
REVENUE:
Miscellaneous revenue $ 15,608
Total Revenue 15,608
EXPENDITURES:
Debt service 2,274
Total Expenditures 2,274
EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES 13,334
FUND BALANCE (Deficit), January 1, 1983 (22,308)
FUND BALANCE (Deficit), December 31, 1983 $ (8,974)
73
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT FUNDS
IMPROVEMENT DISTRICT NUMBER 1981-2 ELMORE ROAD
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
MISCELLANEOUS REVENUE:
Special assessments $ 13,334 $ 6,000 $ 7,334
Earnings on investments 2,274 -0- 2,274
Total Miscellaneous Revenue 15,608 6,000 9,608
TOTAL REVENUE $ 15,608 $ 6,000 $ 9,608
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
EXPENDITURES:
Debt Service S 2,274 $ 6,000 $ 3,726
TOTAL EXPENDITURES $ 2,274 $ 6,000
The Notes to Financial Statements are an integral part of this schedule.
74
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COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1983
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.
75
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
December 31, 1983
Computer
Motor Vehicle Printing and Services Insurance
Fund Supply Fund Fund Fund Total
ASSETS
CURRENT ASSETS:
Cash with treasurer $ 433,975 $ 17,583 $ 155,527 $ 524,096 $ 1,131,181
Cash - other 50 -0- -0- -0- 50
Receivables (net where
applicable of allowance
for uncollectibles):
Accounts 12,872 2,344 11,594 -0- 26,810
Current property taxes -0- -0- -0- 486,757 486,757
Delinquent property
taxes -0- -0- -0- 4,538 4,538
Due from other governmental
units -0- -0- 10,114 -0- 10,114
Due from other county funds 309,017 11,747 164,619 21,278 506,661
Inventories 262,614 108,414 -0- -0- 371,028
Total Current Assets 1,018,528 140,088 341,854 1,036,669 2,537,139
FIXED ASSETS:
Land 412,329 -0- -0- -O- 412,329
Land under capital lease 274,820 -0- -0- -0- 274,820
Land improvements 17,712 -0- -0- -0- 17,712
Buildings 696,350 -0- -0- -0- 696,350
Equipment and furniture 7,600,245 54 885 1,218 443 -0- 8,873 573
9,001,456 54,885 1,21443 -0- 10,27484
Less: Accumulated
depreciation (4,026,174) (22,061) (482,310) -0- (4,530,545)
Total Fixed Assets 4,975,282 32,824 736,133 -0- 5,744,239
TOTAL ASSETS $ 5,993,810 $ 172,912 $ 1,077,987 $ 1,036,669 $ 8,281,378
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES:
Vouchers payable $ 36,228 $ 15,496 $ 67,736 $ 48,166 $ 167,626
Accrued liabilities 49,628 3,261 116,871 489 170,249
Due to other county funds 26,828 17,680 51,088 64,627 160,223
Current portion of capital
lease obligation 1,000 -0- -0- -0- 1,000
Deferred revenue -0- -0- -0- 486,757 486,757
Total Current
Liabilities 113,684 36,437 235,695 600,039 985,855
CAPITAL LEASE OBLIGATION 39,710 -0- -0- -0- 39,710
Total Liabilities 153,394 36,437 235,695 600,039 1,025,565
FUND EQUITY:
Contributed capital 4,868,242 120,599 545,000 -0- 5,533,841
Retained Earnings:
Reseved for claims -0- -0- -0- 291,234 291,234
Unreserved 972,174 15,876 297,292 145,396 1,430,738
Total Retained Earnings 972,174 15,876 297,292 436,630 1,721,972
Total Fund Equity 5,840,416 136,475 842,292 436,630 7,255,813
TOTAL LIABILITIES
AND FUND EQUITY $ 5,993,810 $ 172,912 $ 1,077,987 $ 1,036,669 $ 8,281,378
The Notes to Financial Statements are an integral part of this schedule.
76
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL
Year Ended December 31, 1983
Computer
Motor Vehicle Printing and Services Insurance
Fund Supply Fund Fund Fund Total
CONTRIBUTED CAPITAL,
January 1, 1983 $ 4,857,707 $ 120,599 $ 545,000 $ -0- $ 5,523,306
Add:
1983 contributions from
Public Works 10,535 -0- -0- -0- 10
535
CONTRIBUTED CAPITAL,
December 31, 1983 S 4,868,242 $ 120,599 S 545,000.0 $ -0- S 5,533,841
The Notes to Financial Statements are an integral part of this schedule.
77
COUNTY OF WELD
STATE OF COLORADO
INTERNAL S)rRVICEFUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS
Year Ended December 31, 1983
Computer
Motor Vehicle Printing and Services Insurance
Fund Supply Fund Fund Fund Total
OPERATING REVENUE:
Taxes $ -0- S -0- $ -0- $ 497,887 $ 497,887
Charges for services 2,406,982 124,564 1,376,367 11,551 3,919,464
Total Operating Revenue 2,406,982 124 564 1,376,367 509,438 4,417,351
OPERATING EXPENSES:
Personnel services 441 491 31,350 937,269 -0- 1,410,110
Contractual. services 5,468 -0- 170,750 65,417 241,635
Supplies 5,809 4,735 38,020 1,803 50,367
Materials 966,322 51,733 -0- -0- 1,018,055
Heat, light and power 58,915 -0- -0- -0- 58,915
Depreciation 818,847 4,564 231,454 -0- 1,054,865
Repairs and maintenance 19,024 6,594 -0- -0- 25,618
Insurance and bonds -0- -0- -0- 205,544 205,544
Claims -0- -0- -0- 414,873 414,873
Other expenses 27,982 -0- 18:091 -0- 46,073
Total Operating Expenses 2,343,858 X976 1,395,584 687,637 4x526,055
Operating Income (Loss) 63,124 25,588 (191217) (178,199) (108,704)
NONOPERATING REVENUE (EXPENSES):
Farm income 4,057 -0- -0- -0- 4,057
Gain (loss) on sale of
fixed assets 103,456 -0- (8,032) -0- 95,424
Earnings on investments -0- -0- -0- 21,363 21,363
Judgements and damages 35,556 -0- -0- 348,986 384,542
Interest expense (8,142) -0- X057) -0- (11,199)
Total Nonoperating
Revenue (Expenses) 13k,927 -0- (11,089) _ 370,349 494,187
NET INCOME (LOSS) 198,051 25,588 (30,306) 192,150 385,483
RETAINED EARNINGS, (DEFICIT),
January 1, 1983 804,127 (7,966) 385,101 244,480 1,425,742
Adjustment of prior
periods (30,004) (1,746) (57,503) -0- (89,253)
RETAINED EARNINGS,
January 1, 1983,
as restated 774,123 (9,712) 327,598 244,480 1 336 4_.89
RETAINED EARNINGS
December 31, 1983 $ 972,174 $ 15,876 $ 297,292 $ 436,630 $ 1,721,972
The Notes to Financial Statements are an integral part of this schedule.
78
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
Year Ended December 31, 1983
Computer
Motor Vehicle Printing and Services Insurance
Fund Supply Fund Fund Fund Total
WORKING CAPITAL PROVIDED:
Net Income (Loss) $ 198,052 $ 25,588 $ (30,306) $ 192,150 S 385,483
Items which did not require
outlay of working capital:
Depreciation 818,847 4,564 231,454 -0- 1,054,865
(Gain) Loss on sale of
fixed assets (103,456) -0- 8,032 -0- (95,424
Adjustment of prior periods (30,004) (1)746) (57,503) -0- (89,253
Working capital provided by
operations 883,438 28,406 151,677 192,150 1,255,671
Contributions from public works 10,535 -0- -0- -0- 10,535
Proceeds from sale of fixed assets 126,649 -0- 9 2500 -0- 136,149
Total Working Capital Provided 1,020,622 28,406 161,177 192,150 1,402,355
WORKING CAPITAL APPLIED:
Acquisition of fixed assets 1,087,704 23,206 169,249 -0- 1,280,159
Payments and current maturities
of long-term debt and capital
lease obligatior.s 1,000 -0- -0- -0- 1,000
Total Working Capital Applied 1,088,704 23,206 169,249 -0- 1,281,159
INCREASE (DECREASE) IN WORKING CAPITAL $ (68,082) $ 5,200 $ (8,072) $ 192,150 $ 121,196
CHANGES IN COMPONENTS OF WORKING
CAPITAL:
Increase (decrease) in current assets:
Cash with treasurer $ (27,093) $ (22,608) S 81,273 $ 249,440 $ 281,012
Receivables:
Accounts 305 1,127 (5,360) (1,659) (5,587
Current property taxes -0- -0- -0- 23,179 23,179
Delinquent property taxes -0- -0- -0- 3,238 3,238
Due from other governmental units -0- -0- (19,322) -0- (19,322
Due from other county funds 21,559 11,747 55,238 18,284 106,828
Inventories (100,296) 33,897 -0- -0- (66,399
Prepaid expenses (11) (4) (2,005) -0- (2,020
Net increase (decrease) in
current assets (105,536) 24,159 109,824 292,482 320,929
(Increase) decrease in current
liabilities:
Vouchers payable 49,192 (1,819) (65,192) (27,539) (45,358
Accrued liabilities (32,107) (2,014) (77,188) (489) (111,798
Due to other governmental units -0- -0- 6,100 -0- 6,100
Due to other county funds (19,342) (15,126) (49,598) (49,125) (133,191
Current portion of long-term debt 39,711 -0- 67,982 -0- 107,693
Deferred revenue -0- -0- -0- (23,179) (23,179
Net (increase) decrease in
current liabilities 37,454 (18,959) (117 896) (100,332) (199,733
INCREASE (DECREASE) IN WORKING CAPITAL S (68,082) S 5,200 $ (8,072) $ 192,150 S 121,196
The Notes to Financial Statements are an integral part of this schedule.
79
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
PRITITING AND SUPPLY FIJND
Schedule of Operating Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING REVENUE:
Charges for services $ 124564 $ 101,878 $ 22,686
TOTAL OPERATING REVENUE $ 124,564 $ 101,878 $ 22,686
• Schedule of Operating Expenses Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING EXPENSES:
Personnel services $ 31,350 S 34,595 $ 3,245
Contractual services -0- 500 500
Supplies 4,735 3,510 (1,225)
Materials 51,733 50,000 (1,733)
Depreciation 4,564 3,750 (814)
Repairs and maintenance 6594 9,523 2,929
TOTAL OPERATING EXPENSES $ 98,976 $ 101,878 $ 2,902
Schedule of Fixed Asset Acquisitions Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
FIXED ASSET ACQUISITIONS:
Equipment and furniture $ 23,206 $ 5 X595 $ (17,611)
TOTAL FIXED ASSET ACQUISITION $ 23,206 $ 5,595 S (17,611)
The Notes to Financial Statements are an integral part of this schedule.
82
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
COMPUTER SERVICES FUND
Schedule of Operating Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING REVENUE:
Charges for services S 1,376,367 $ 1,360,203 $ 16,164
TOTAL OPERATING REVENUE $ 1,376,367 $ 1,360,203 L._.1±.12.411±
Schedule of Operating Expenses Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING EXPENSES:
Personnel services $ 937,269 $ 978,892 $ 41,623
Contractual services 170,750 200,218 29,468
Supplies 38,020 47,993 9,973
Depreciation 231,454 -0- (231,454)
Other expenses 18,091 39,284 21,193
TOTAL OPERATING EXPENSES S 1,395,584 $ 1,266,387 $ (129,197)
Schedule of Non-operating Expenses Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
NONOPERATING EXPENSES:
Gain (loss) on sale of fixed assets $ 8,032 $ -0- $ (8,032)
Interest expense 3,057 -0- (3,057)
TOTAL NONOPERATING EXPENSES 1_111221 $ -0- $ (11 089)
Schedule of Fixed Asset Acquisitions Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
Fixed Asset Acquisitions:
Equipment $ 169,249 $ 97,995 1_111.222D
TOTAL. FIXED ASSET ACQUISITIONS $ 169,249 1_2Z1222. $ (71,254)
The Notes to Financial Statements are an integral part of this schedule.
83
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
INSURANCE FUND
Schedule of Operating Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING REVENUE:
General property tax $ 464,271 $ 463,578 $ 693
Specific ownership tax 33,616 31,650 1,966
Charges for services 11,551 -0- 11,551
TOTAL OPERATING REVENUE $ 509,438 $ 495,228 $ 14,210
Schedule of Operating Expenses Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
OPERATING EXPENSES:
Contractual services $ 65,417 $ 55,400 $ (10,017)
Supplies 1,803 2,500 697
Insurance and Bonds 205,544 387,328 181,784
Claims 414,873 535,000 120,127
TOTAL OPERATING EXPENSES $ 687,637 $ 980,228 $ 292,591
Schedule of Non-operating Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
NONOPERATING REVENUE:
Earnings on investments $ 21,363 $ 50,000 $ (28,637)
Judgements and damages 348,986 435,000 (86,014)
TOTAL NONOPERATING REVENUE $ 370,349 $ 485,000 $ (114,651)
The Notes to Financial Statements are an integral part of this schedule
84
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COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1983
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:
North Colorado Medical Center Trust Fund:
This fund accounts for the revenue and related capital expenditures
as required by the North Colorado Medical Center Board of Trustees,
an autonomous board responsible for administering the operations of
the hospital.
Health Insurance Trust Fund:
This fund accounts for cash held for the self-insured health
insurance coverage. Revenue is generated through payroll deduction
and disbursements are made after insuring claims have been approved
by our independent insurance adjuster.
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. The money is held to insure performance to the
taxpayers of the County.
85
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
COMBINING BALANCE SHEET
December 31, 1983
Pension Trust Expendable Trust
North Colorado
Weld County Medical Health Antelope
Retirement Center Insurance Hills
Fund Trust Fund Fund Trust Fund
ASSETS
ASSETS:
Cash with treasurer $ 105,744 $ 2,342,137 $ 542,993 $ 12,999
Cash - other 130 -0- 2,830 -0-
Investments (at market) 10,883,006 -0- -0- -0-
Receivables (net where
applicable of allowance
for uncollectibles):
Accounts 266,603 -0- -0- -0-
Current property taxes -0- 545,162 -0- -0-
Delinquent property taxes -0- 6,397 -0- -0-
Due from other county
funds 212 -0- 119 -0-
Prepaid expenses 23,086 -0- -0- -0-
TOTAL ASSETS $ 11,278,781 $ 2,893,696 $ 545,942 $ 12,999
LIABILITIES AND FUND BALANCE
LIABILITIES:
Warrants payable $ -0- $ -0- $ -0- $ -0-
Vouchers payable 34,263 -0- 11,276 -0-
Due to other governmental
units -0- -0- -0- -0-
Due to other county funds 180 -0- 49,825 -0-
Deferred revenue -0- 545,162 -0- -0-
Other liabilities -0- -0- -0- -0-
Total Liabilities 34,443 545,162 61,101 -0-
FUND BALANCE:
Reserved for employee
benefits 7,424,910 -0- -0- -0-
Unreserved:
Undesignated 3,819,428 2,348,534 484,841 12,999
Total Fund Balance 11,244,338 2,348,534 484,841 12,999
TOTAL LIABILITIES
AND FUND BALANCE $ 11,278,781 $ 2,893,696 $ 545,942 $ 12,999
The Notes to Financial Statements are an integral part of this schedule.
86
Agency Total
General Greeley Payroll Current
Agency Video Agency Fiscal Year
Fund Agency Fund Fund 1983
$ 6,635,048 S 3,000 $ 358,687 $ 10,000,608
-0- -0- -0- 2,960
-0- -0- -0- 10,883,006
-0- -0- 11,850 278,453
-0- -0- -0- 545,162
-0- -0- -0- 6,397
-0- -0- 93,095 93,426
-0- -0- -0- 23,086
$ 6,635,048 S 3,000 $ 463,632 $ 21,833,098
$ -0- $ -0- $ 407,086 S 407,086
-0- -0- 2,299 47,838
6,092,055 -0- -0- 6,092,055
542,993 -0- 54,247 647,245
-0- -0- -0- 545,162
-0- 3,000 -0- 3,000
6,635,048 3,000 463,632 7,742,386
-0- -0- -0- 7,424,910
-0- -0- -0- 6,665,802
-0- -0- -0- 14,090,712
$ 6 635 048 $ 3,000 $ 463,632 S 21,833,098
87
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, 1983
Weld County
Retirement Fund
OPERATING REVENUE:
Net appreciation (depreciation) in fair
value of investments $ 596,348
Contributions 1,264,108
Total Operating Revenue 1,860,456
OPERATING EXPENSES:
Benefit payments 263,080
Refunds 267,431
Administrative expenses:
Actuary fees 42,174
Trustee fees 38,257
Audit fees 3,628
Total Operating Expenses 614,570
Operating Income 1,245,886
NON-OPERATING REVENUE:
Earnings on investments 664,656
Total Non-Operating Revenue 664,656
INCOME BEFORE OPERATING TRANSFERS 1,910,542
OPERATING TRANSFERS IN:
General Fund 109,823
Total Operating Transfers In 109,823
Net Income 2,020,365
FUND BALANCE, January 1, 1983 9,223,973
FUND BALANCE, December 31, 1983 $ 11,244,338
The Notes to Financial Statements are an integral part of this schedule.
88
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL PENSION TRUST FUNDS
Year Ended December 31, 1983
Weld County
Retirement Fund
WORKING CAPITAL PROVIDED:
Net Income $ 2,020,365
Working capital provided from operations 2,020,365
INCREASE IN WORKING CAPITAL $ 2,020,365
CHANGES IN COMPONENTS OF WORKING CAPITAL:
Increase (decrease) in current assets:
Cash with Treasurer $ 7,042
Cash - other (353)
Investments 1,838,177
Receivables:
Accounts 187,641
Due from other county funds 212
Prepaid expenses (2,082)
Net increase in current assets 2,030,637
Increase in current liabilities:
Vouchers payable (10,175)
Due to other county funds (97)
Net increase in current liabilities (10,272)
INCREASE IN WORKING CAPITAL $ 2,020,365
The Notes to Financial Statements are an integral part of this schedule.
89
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, 1983
North Colorado
Medical Center Insurance Antelope Hills
Trust Fund Fund Trust Fund Total
REVENUE:
Taxes $ 584,788 $ -0- $ -0- $ 584,788
Miscellaneous revenue 172,695 962,677 1,045 1,136,417
Total Revenue 757,483 962,677 1,045 1,721,205
EXPENDITURES:
Miscellaneous -0- 479,896 -0- 479,896
Total Expenditures -0- 479,896 -0- 479,896
EXCESS OF REVENUE OVER
EXPENDITURES 757,483 482,781 1,045 1,241,309
OTHER FINANCING SOURCES (USES):
Operating Transfers-in -0- 2,060 -0- 2,060
EXCESS (DEFICIENCY) OF REVENUE
AND OTHER SOURCES OVER
EXPENDITURES AND OTHER USES 757,483 484,841 1,045 1,243,369
FUND BALANCE, January 1, 1983 1,591,051 -0- 11,954 1,603,005
FUND BALANCE, December 31, 1983 $ 2,348,534 $ 484,841 $ 12,999 $ 2,846,374
The Notes to Financial Statements are an integral part of this schedule.
90
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS
Year Ended December 31, 1983
Balance Balance
1/1/83 Additions _ Deductions 12/31/83
GENERAL AGENCY FUND
TOTAL ASSETS $ 5 418,857 $ 215,834,201 $ 214,618,010 $ 6,635,048
TOTAL LIABILITIES $ 5,418,857 S 215,834,201 $ 214,618,010 $ 6,635,048
PAYROLL AGENCY FUND
TOTAL ASSETS $ 471,224 $ 15,735,755 S 151743,347 1_L,62,±32
TOTAL LIABILITIES $ 471,224 $ 15,735,755 $ 15,743,347 $ 463,632
GREELEY VIDEO FUND
TOTAL ASSETS $ 2,500 S 500 S -0- L.2.4.222
TOTAL LIABILITIES $ 2,500 $ 500 $ -0- $ 3,000
TOTAL - ALL AGENCY FUNDS
TOTAL ASSETS S 5,892x581 $ 231,570,456 $ 230,361,357 $ 7,101,680
TOTAL LIABILITIES $ 5,892,581 S 231,570,456 $ 230,361,357 $ 7,101,680
The Notes to Financial Statements are an integral part of this schedule.
91
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
NORTH COLORADO MEDICAL CENTER TRUST FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
TAXES:
General property taxes $ 545,273 $ 545,162 $ 111
Specific ownership taxes 39,515 50,000 (10,485)
Total Taxes 584,788 595,162 (10,374)
MISCELLANEOUS REVENUE:
Earnings on investments 172,695 50,000 122,695
Total Miscellaneous Revenue 172,695 50,000 122,695
TOTAL REVENUE $ 757,483 $ 645,162 1_1)2_211
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
CAPITAL OUTLAY:
Capital acquisitions $ -0- $ 645,162 $ 645,162
Total Capital Outlay -0- 645,162 645,162
TOTAL EXPENDITURES $ -0- $ 645,162 $ 645,162
The Notes to Financial Statements are an integral part of this schedule.
92
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
HEALTH INSURANCE FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
MISCELLANEOUS REVENUE: 323)
Contributions $ 962,677 S 1,000,000 S (37,
TOTAL REVENUE $ 962,677 1_1:021:222 S (37,323)
Schedule of Expenditures Compared with Budget
Year Ended December 31, 1983
Variance
Favorable
Actual Budget (Unfavorable)
EXPENDITURES:
Claims S 415,098 $ 940,000 $ 524,902
Contractural services 35,915 40,000 4,085
Insurance and bonds 28,883 20,000 (8,883)
TOTAL EXPENDITURES S 479,896 1_1:2221.222 1___520,12i1
Schedule of Operating Transfers-in Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
OPERATING TRANSFERS-IN: 060
Payroll $ 2,060 $ -0- 2 2,060
TOTAL OPERATING TRANSFERS-IN $ 2,060 S -0- 2,060
The Notes to Financial Statements are an integral part of this schedule.
93
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
ANTELOPE MILLS TRUST FUND
Schedule of Revenue Compared with Estimate
Year Ended December 31, 1983
Variance
Favorable
Actual Estimate (Unfavorable)
MISCELLANEOUS REVENUE:
Earnings on investments $ 1,045 $ -0- $ 1=045
TOTAL REVENUE $ ],045 $ -0- $ 1,045
The Notes to Financial Statements are an integral part of this schedule.
94
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COUNTY OF WELD
STATE OF COLORADO •
GENERAL FIXED ASSETS
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCES
December 31, 1983
GENERAL FIXED ASSETS:
Land $ 993,069
Land improvements 205,361
Buildings 15,853,243
Equipment and furniture 2,162,706
TOTAL GENERAL FIXED ASSETS $ 19,214,379
INVESTMENTS IN GENERAL FIXED ASSETS FROM:
Current revenue 10,612,741
Gifts and grants 652,523
Federal Revenue Sharing 7,949,115
TOTAL INVESTMENTS IN GENERAL FIXED ASSETS $ 19,214,379
The Notes to Financial Statements are an integral part of this schedule.
95
IOUNIY OF WELD
STATE OF COLORADO
GENERAL FIXED ASSETS
SCHEDULE OF GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
December 31, 1983
Land Equipment &
Land Improvements Buildings Furniture Total
General Government:
Commissioners S -0- $ -0- S -0- $ 17,782 $ 17,782
County attorney -0- -0- -0- 11,003 11,003
Planning and zoning -0- -0- -0- 33,780 33,780
Accounting -0- -0- -0- 14,856 14,856
Finance &
administration -0- -0- -0- 34,712 34,712
Clerk and Recorder -0- -0- -0- 303,930 303,930
Elections -0- -0- -0- 28,220 28,220
County Treasurer -0- -0- -0- 34,177 34,177
County Assessor -0- -0- -0- 63,711 63,711
County Council -0- -0- -0- 2,506 2,506
Personnel -0- -0- -0- 10,039 10,039
Buildings and grounds -0- -0- -0- 43,439 43,439
Communications -0- -0- -0- 279,618 279,618
Purchasing -0- -0- -0- 14,839 14,839
Other -0- -0- -0- 48,509 48,509
General government
buildings 828,700 - 9,503 12,860,677 -0- 13,698,880
Total General Government 828,700 9,503 12,860,677 941-A 121 14,640,001
Judicial:
District Attorney -0- -0- -0- 100,810 - 100,810
Total Judicial -0- -0- -0- 100,810 100,810
Public Safety:
Sheriff -0- -0- -0- 184,739 184,739
County Coroner -0- -0- -0- 618 618
Building inspection -0- -0- -0- 4,964 4,964
Total Public Safety -0- -0- -0- _ 190,321 190,321
Health and Hospitals:
Public health 162,369 15,068 901,070 208,743 1,287,250
Ambulance -0_ 5,465 117,096 57,235 179,796
Total Health & Hospitals 162,369 10,533 1,018,166 265,978 1,467,046
County Roads & Highways:
Engineering & 67,523 67,647
administration -0- 124 -0-
Total County Roads 67,523 X647
and Highways -0- 124 -0-
Public Welfare:
Administration -0- -0- 110,179 79,257 189,436
Total Public Welfare -0- -0- 110,179 79,257 189,436
Auxiliary Services: 200 -0- 787,375 25,495 813,070
Extension
Exhibition building -0- 80,132 171,762 1,236 253,130
Veterans -0- -0- -0- 1,828 1,828
Missile site -0- 90,204 -0- 43,279 133,483
Youth shelter -0- -0- 44,624 8,871 53,495
Intake classification -0- -0- 1,440 -0- 1,440
Library -0- 3,199 788,645 164,648 956,492
Human Resources 1,800 X66 70,375 272� 39 346,180
Total Auxiliary
Services 2,000 175,201 1,864,221 517,696 2,559,118
TOTAL GENERAL FIXED
ASSETS ALLOCATED TO
FUNCTIONS S 993,069 $ 205,361 $ 15,853,243 $ 2,162,706 $ 19,214,379
The Notes to Financial Statements are an integral part of this schedule.
96
COUNTY OF WELD
STATE OF COLORADO
GENERAL FIXED ASSETS
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
December 31, 1983
General General
Fixed Assets Fixed Assets
1/1/83 Additions Deletions 12/31/83
General Government:
Commissioners $ 17,932 $ -0- $ 150 $ 17,782
County attorney 9,517 1,486 -0- 11,003
Planning and zoning 32,966 814 -0- 33,780
Accounting 14,228 2,830 2,202 14,856
Finance and administration 34,439 273 -0- 34,712
Clerk and Recorder 318,135 12,131 26,336 303,930
Elections 28,220 -0- -0- 28,220
County Treasurer 46,655 457 12,935 34,177
County Assessor 57,430 7,957 1,676 63,711
County Council 2,297 209 -0- 2,506
Personnel 1.2,299 171 2,431 10,039
Buildings and grounds 42,000 1,439 -0- 43,439
Communications 259,225 20,623 230 279,618
Purchasing 14,648 291 100 14,839
Other 45,124 3,873 488 48,509
General government buildings 13,5602214 __---I 138666 -0- 13,698,880
Total General Government 14495329 191,220 46,548 14,640,001
Judicial:
District Attorney 81,562 41,917 22,669 100,810
Total Judicial 81 562 41,917 22 669 100,810
Public Safety:
Sheriff 152,219 39,132 6,612 184,739
County Coroner 618 -0- -0- 618
Building inspection 4,964 -0- -0- 4,964
Total Public Safety 1571801 39 139 6,612 190,321
Health and Hospitals:
Public health 1,209,957 101,787 24,494 1,287,250
Ambulance 170,201 9,595 -0- 179,796
Total Health and Hospitals 1,380,158 111 3-82 242491+ 1,467,046
County Roads and Highways: 851 67,647
Engineering & administration 65,082 3,416
Total County Roads and Highways 65,082 __---1.---3416 851 67,647
Public Welfare: 2897 189,436
Administration 81,197 111,136
Total Public Welfare 81,197 111,136 — 2,897 189,436
Auxiliary Services: _-0-0_ 813,070
nsion Veterans
Exhi 813,070 -0-bition building 251,705 1,425 -0- 253,130
1,828
1,828 -0-
Missile site 118,409 17,660 2,586 133,483
Youth shelter 52,135 1,460 100 53,495
Intake classification 1,440 -0- -0- 1,440
Library 946,243 44,620 34,371 956,492
Human Resources
318,515 29,330 1,665 346,180
Total Auxiliary Services 2,5032345 94,495 38,722 2,559,118
TOTAL GENERAL FIXED ASSETS
ALLOCATED TO FUNCTIONS $ 18,764,474 $ 592,698 1_1'221122 s 19,214,379
The Notes to Financial Statements are an integral part of this schedule.
97
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COUNTY OF WELD
STATE OF COLORADO
GENERAL LONG-TERM DEBT - BY SOURCES
December 31, 1983
GENERAL LONG-TERM DEBT:
Amount to be provided for retirement of
general long-term debt $ 884,392
GENERAL LONG-TERM DEBT FROM:
General Fund $ 489,676
Road and Bridge Fund 133,678
Social Services Fund 160,671
Health Fund 79,477
Library Fund 20,890
TOTAL GENERAL LONG-TERM DEBT $ 884,392
The Notes to Financial Statements are an integral part of this schedule.
99
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COUNTY OF WELD
STATE OF COLORADO
General Governmental Expenditures by Function
(Unaudited)
Last Ten Years
County Public
General Public Roads & Health &
Year Government Safety Highways Welfare
1974 $ 2,279,913 $ 551,882 $ 3,784,330 $ 7,302,462
1975 $ 2,357,712 $ 694,573 $ 4,367,442 $ 9,910,893
1976 $ 3,151,544 $ 984,453 $ 4,638,973 $ 8,617,722
1977 S 4,129,260 $ 1,198,836 $ 4,430,812 $ 9,128,764
1978 $ 4,777,054 $ 2,551,449 $ 5,493,292 S 9,691,198
1979 $ 4,709,301 $ 2,808,358 $ 6,157,485 $10,775,974
1980 $ 5,203,105 $ 3,150,728 S 7,436,150 $12,436,419
1981 $ 5,403,963 $ 3,525,539 S 6,811,742 $13,783,902
1982 $ 5,400,021 $ 5,229,851 $ 6,997,923 $12,875,917
1983 $ 5,736,597 $ 5,586,798 $ 7,719,856 $13,969,989
General Revenue by Source
(Unaudited)
Last Ten Years
Licenses Intergovernmental
Year Taxes and Permits Revenue
1974 $ 7,704,200 $ 70,720 $ 8,715,706
1975 $ 8,263,808 S 114,169 $ 10,246,881
1976 $ 10,675,124 $ 173,902 $ 10,928,859
1977 $ 9,694,012 $ 141,938 S 11,620,117
1978 $ 10,273,210 $ 187,067 $ 13,517,280
1979 $ 11,288,778 $ 196,545 $ 14,280,094
1980 $ 12,025,910 $ 383,881 $ 18,664,253
1981 $ 12,947,563 $ 400,670 $ 20,283,181
1982 $ 13,166,821 $ 463,542 $ 17,204,249
1983 $ 14,467,200 $ 635,645 $ 18,679,901
102
Auxiliary Intergovernmental
Services Capital 0ut1lsz Expenditures Miscellaneous
$ 563,900 $ 1,933,747 $ * $ 110,559
$ 1,856,673 $ 3,557,866 $ * $ 173,283
$ 2,441,556 $ 3,281,152 $ * $ 282,312
$ 2,879,029 $ 3,774,888 $ 71,924 $ 221,692
$ 3,984,390 $ 1,091,611 $ 121,761 $ 111,134
$ 3,692,883 $ 805,092 $ 169,316 $ -0-
$ 5,926,461 $ 344,889 $ 118,498 $ -0-
$ 6,287,607 $ 591,188 $ 83,594 $ -0-
$ 3,709,018 $ 485,735 $ 375,305 $ 338,637
$ 3,861,698 $ 379,684 $ 431,789 $ 204,221
* Information not available.
General governmental expenditures include expenditures of General, Special Revenue,
Capital Projects Funds, and Special Assessment Funds.
Charges for Fines and Miscellaneous Fee
Services Forfeits Revenue Accounts
$ 860,257 $ 2,781 $ 1,090,177 $ -0-
$ 1,242,969 $ 2,984 $ 1,176,414 $ -0-
$ 1,524,900 $ 2,192 $ 1,122,108 $ -0-
$ 1,181,004 $ 2,364 $ 2,180,596 $ -0-
$ 1,278,237 $ 2,171 $ 2,417,306 $ -0-
$ 1,159,849 $ 3,018 $ 2,277,170 $ -0-
$ 1,974,601 $ 3,064 $ 2,089,689 $ -0-
$ 1,931,937 $ 3,108 $ 2,951,603 $ -0-
$ 1,151,453 $ 6,792 $ 2,995,740 $ 1,160,740
$ 1,406,359 $26,667 $ 2,543,940 $ 1,305,116
General revenue includes revenue of General, Special Revenue, Capital Projects and Special Assessment Func
103
COUNTY OF WELD
STATE OF COLORADO
Property Tax Levies and Collections
(Unaudited)
Last Ten Years
Total
Total Current Percent Delinquent Total Outstanding
Original Tax Tax of Levy Tax Tax Delinquent
Year Levy Collections Collected Collections Collections Taxes
1974 $ * $ * * $ * $ * $ *
1975 $ 7,538,782 $ 7,514,231 99.67 $ 17,275 $ 7,531,506 $ *
1976 $ 9,867,851 $ 9,817,943 99.49 $ 22,451 $ 9,840,394 $ *
1977 $ 10,121,370 $ 10,099,155 99.78 $ 27,904 $ 10,127,059 $ 65,250
1978 $ 10,618,807 $ 10,558,800 99.43 $ 25,507 $ 10,584,307 $ 80,380
1979 $ 11,144,614 $ 11,101,916 99.62 $ 27,699 $ 11,129,615 $ 66,715
1980 $ 11,708,099 $ 11,660,552 99.59 $ 42,189 $ 11,748,758 $ 70,795
1981 $ 12,622,216 $ 12,596,620 99.68 $ 39,303 $ 12,635,923 $ 52,053
1982 $ 13,252,865 $ 13,169,249 99.37 $ 81,490 $ 13,250,739 $ 69,656
1983 $ 14,399,734 $ 14,307,719 99.36 $ 97,625 $ 14,405,344 $154,546
* Information not available.
Assessed and Estimated Actual Value of Taxable Property
(Unaudited)
Last Ten Years
Real Property (1) Personal Property (2) Total _
Assessed Estimated Assessed Estimated Assessed Estimated
Year Value Actual Value Value Actual Value Value Actual Value
1974 $ 235,636,097 $ 785,453,656 $ 51,374,983 $ 342,499,888 $ 287,011,080 $ 1,127,953,544
1975 $ 264,085,012 $ 880,283,373 $ 57,577,608 $ 383,850,720 $ 321,662,620 $ 1,264,134,093
1976 $ 311,386,746 $1,037,955,820 $ 67,890,654 $ 452,604,360 $ 379,277,400 $ 1,490,560,180
1977 $ 396,640,305 $1,322,134,350 $ 86,478,215 $ 576,521,433 $ 483,111,520 $ 1,898,655,783
1978 $ 477,056,630 $1,590,188,766 $ 104,237,180 $ 694,914,533 $ 581,293,810 $ 2,285,103,299
1979 $ 497,514,340 $1,658,381,133 $ 165,480,900 $ 1,103,206,000 $ 662,995,240 $ 2,761,587,133
1980 $ 507,497,890 $1,691,659,633 $ 169,787,590 $ 1,131,917,266 $ 677,285,480 $ 2,623,576,899
1981 $ 555,820,990 $1,852,736,633 $ 176,028,980 $ 1,173,526,533 $ 731,849,970 $ 3,026,263,166
1982 $ 685,414,640 $2,284,715,466 $ 86,357,130 $ 713,785,433 $ 771,771,770 $ 2,998,500,899
1983 $ 778,637,950 $2,647,089,025 $ 91,815,550 $ 316,605,345 $ 870,453,500 $ 2,963,694,370
(1) Residential improved land and improvements at 21% of 1977 replacement cost, as determined by State
law.
(2) Commercial improved land and improvements at 29% of 1977 replacement cost, as determined by State
law.
(3) Unimproved land at 29% - 1977 base year (1975-76 sales).
(4) Personal Property at 29% - 1977 base year, replacements cost new with depreciation.
104
COUNTY OF WELD
STATE OF COLORADO
Property Tax Rates and Tax Levies - All Overlapping Governments
(Unaudited)
Last Ten Years
Levy Collection School Junior
Year Year Cities Districts County College Other Total
Tax Rates
1973 1974 503.83 1,611.10 23.990 4.00 147.450 2,290.370
1974 1975 610.69 1,341.42 23.480 4.00 165.320 2,144.910
1975 1976 494.15 1,176.92 25.820 3.70 151.240 1,851.830
1976 1977 415.29 1,568.20 21.130 3.48 134.850 2,142.950
1977 1978 413.80 1,380.32 18.260 3.46 134.660 1,950.500
1978 1979 413.80 920.32 16.780 3.46 134.660 1,489.020
1979 1980 423.99 978.12 17.247 3.93 144.769 1,568.056
1980 1981 439.79 908.51 17.247 4.11 147.517 1,517.174
1981 1982 460.90 883.48 17.172 4.11 154.620 1,520.280
1982 1983 461.22 866.16 17.172 4.292 151.450 1,500.290
Tax Levies
1973 1974 S 1,597,009 $ 12,923,854 $ 6,917,789 $ 1,068,564 $ 1,156,191 $ 23,663,407
1974 1975 $ 1,882,949 $ 15,031,340 $ 7,499,288 $ 1,190,197 $ 1,447,763 $ 27,051,537
1975 1976 $ 2,343,295 $ 17,912,961 $ 9,802,432 $ 1,410,975 $ 1,738,742 $ 33,208,405
1976 1977 $ 2,043,547 $ 21,724,237 $ 10,208,295 $ 1,645,660 $ 1,988,326 $ 37,610,065
1977 1978 $ 2,121,568 $ 25,429,499 $ 10,597,815 $ 1,797,717 $ 2,352,751 $ 42,299,350
1978 1979 $ 2,481,327 $ 27,770,414 $ 11,125,060 $ 1,988,606 $ 2,596,647 $ 45,962,054
1979 1980 $ 2,921,316 $ 29,216,839 $ 11,681,142 $ 2,317,544 $ 2,519,126 $ 48,655,967
1980 1981 $ 3,285,870 $ 32,572,132 $ 12,622,216 $ 2,622,812 $ 2,867,436 $ 53,970,466
1981 1982 $ 3,839,640 $ 35,181,714 $ 13,252,865 $ 2,737,134 $ 3,249,326 $ 58,260,679
1982 1983 $ 4,016,593 $ 37,913,573 $ 14,399,734 $ 3,686,486 $ 3,769,629 $ 63,786,015
105
COUNTY OF WELD
STATE OF COLORADO
Special Assessment Collections
(Unaudited)
Last Ten Years
Current Current Ratio of Total
Assessments Assessments Collections Outstanding
Year Due Collected To Amount Due Assessments
1981* -0- -0- -- $27,885
1982 $27,885 $13,531 2-1 $14,354
1983 $14,354 $ 4,098 3-1 $10,256
*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
106
COUNTY OF WELD
STATE OF COLORADO
Computation of Legal Debt Margin
(Unaudited)
December 31, 1983
Assessed Value, 1982 $ 838,558,970
Debt Limit 3 Percent of Assessed Value 25,156,769
Amount of Debt Applicable to Limit:
Total Bonded Debt $ -
Installment Purchase Agreements
Total Amount of Debt Applicable to
Debt Limit
Legal Debt Margin $ 25,156,769
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.
Tables Relatinp4 to Bonded Debt
(Unaudited)
December 31, 1983
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, ].982.
C. Ratio of Annual Debt Service for General Bonded Debt to Total General Expenditures - Last
Ten Years
D. Revenue Bond Coverage - Last Ten Years
107
COUNTY OF WELD
STATE OF COLORADO
Demographic Statistics
(Unaudited)
December 31, 1983
1. Population: 1960 - 72,344
1970 - 89,297
1975 - 111,901
1980 - 123,438
1983 - 132,513
2. Estimated Median Age: 26.7 (1980 Census)
28.5 (1983)
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
1982 - $1,317,000,000
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
1982 - $10,411
5. Median Family Income $15,805 (1980 Census)
$22,921 (1983)
6. Population Per Household 1970 - 3.09
1980 - 2.79
1983 - 2.75
7. Housing Units 1970 - 28,896
1980 - 46,475
1983 - 46,059
Source: Creeley Area Chamber of Commerce Survey and U.S. Census data.
108
COUNTY OF WELD
STATE OF COLORADO
Property Value, Construction, Bank Deposits,
and Other Economic Indicators
(Unaudited)
Last Ten Years
1970 , 1975 1980 1983
Property Value - estimated actual
value (millions) $ 784.3 $ 1,264.1 $ 2,948.7 $2,963.7
Building Permits 1,635 1,339 1,241 2,699
Estimated Construction (millions) $ 14.1 $ 20.6 $ 23.8 $ 13.0
Bank Deposits (millions) $ 163.7 $ 363.2 $ 524.5 $ 664.5
Retail Sales (millions) $ 417.8 $ 878.0 $ 781.3 $1,023.0
Value of Crop Production (millions) $ 64.6 $ 134.6 $ 185.0 $ 184.6
Other years' data not available
Source: Greeley Area Chamber of Commerce Survey
109
COUNTY OF WELD
STATE OF COLORADO
Principal Taxpayers
(Unaudited)
December 31, 1983
1983
Assessed Valuation
Amoco $ 143,907,150
Eastman Kodak $ 59,235,930
M.G.F. Oil Corporation $ 29,154,670
Public Service Co. of Colorado $ 26,509,750
Energy Minerals $ 15,868,880
Mountain Bell $ 13,135,500
Macey & Mershon Oil, Inc. $ 11,338,010
Vessels Oil & Gas Co. $ 11,225,880
Panhandle Eastern Pipeline Co. $ 10,744,200
Machii-Ross Petroleum Co. $ 9,488,880
Martin Oil Co. $ 6,475,290
Colorado Interstate Gas Co. $ 6,287,000
Home Light & Power Co. $ 5,981,000
Hewlitt-Packard $ 5,654,300
Champlin Petroleum Co. $ 5,523,460
American Telephone & Telegraph S 4,708,700
Monfort of.Colorado, Inc. $ 4,173,510
Union Pacific Railroad Co. $ 4,146,300
Coors Adolph/Coors Energy Co. $ 3,768,670
J.K.F. Associates $ 3,353,240
Crystal Exploration $ 2,079,310
Union Rural. Electric Assn. $ 1,957,700
Monfort Packing Co. $ 1,571,360
Hillside Shopping Center $ 1,253,750
Greeley National Bank $ 1,206,690
Greeley Gas Co. $ 1,027,700
Burlington Northern $ 775,900
110
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics
(Unaudited)
December 31, 1983
1. Date of Incorporation: 1861.
2. Form of Government: Home Rule Charter
3. Date Present Charter Adopted January 1, 1976
4. Area - Square Miles: 4,004 square miles
5. County Seat: City of Greeley
6. Employees as of December 31, 1983 Elected Officials - 16
Division Heads - 5
Department Heads - 8
Other Full Time Employees - 743
Part Time Employees - 156
7. Miles of Roads: Paved - 594
Unpaved - 2,738
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
1983 2,699 $ 51,480,002
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
1983 - 132,458
10. Special Districts
within County: 28 - Cities and Towns
12 - Schools
6 - Fire
9 - Water and Sanitation
2 - Colleges
11. Cities and Towns: Ault Cilcrest Lochbuie
Eaton Greeley Mead
Erie Grover Milliken
Evans Hudson New Rayner
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
111
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics - Continued
(Unaudited)
December 31, 1983
13. Libraries: Greeley Library 114,622 Volumes
University of No. Colo. 648,344 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 (UNC)
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
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, 1983: State - 31/4%
Source: Greeley Area Chamber of Commerce/County offices.
112
COUNTY OF WELD
STATE OF COLORADO
• insurance In Force
(Unaudited)
December 31, 1983
Policy Period Details of Annual
Name of Company Policy Number Begins Expires Coverage Liability Limits Premiur.
Lloyds of London ISL3030/IC04005 1/15/83 1/15/86 Property Damage, Property - Excess of
Liability, Errors $100,000 up to
& Ommissions, $400,000
Automobile Liability, General & Automobile
and Workers' Liability - Excess
Compensation 5100,000 up to
$250,000
Errors & Omissions -
Excess of S100,000
up to $200,000
Workers' Compensation
- Excess of $100,000
up to $200,000 $ 93,7E
Lloyds of Londor ISL031/IC04006 1/15/83 1/15/86 Casualty buffer 5450,000
Drop down coverage $ 5,5(
Fireman's Fund XSP1512898 1/15/84 1./15/8S Excess Property $20,000,000/Occurrence
- Excess of $500,000/
Occurrence $ 7,0(
Century
Indemnity Co. CIS431157 1/15/84 3/15/85 Excess General $5,000,000 X Primary
Liability, Automobile
Liability, Public
Official Liability &
Workers' Compensation $ 47,0(
U.S. Fire
Insurance Co. 522 0345618 1/15/84 1/15/85 Excess General $5,000,000 X $5,000,000
Liability, Automobile
Liability, Public
Official Liability &
Workers' Compensation S 2,0(
Zurich American
Insurance Co. BM-31-93-524-00 1/15/83-Continue Boiler & Machinery $10,000,000
until cancelled S 2,5(
Hartford Accident
& Indemnity Co. 83-MB0-BJ7422 1/15/84 1/15/85 Excess Crime $1 000,000 Excess of
$100,000 $ 2,0(
Note: Self-insured loss fund of $325,000 maximum aggregated loss, with $100,000 maximum single occurrence.
Sub-limits of $100,000 per loss on employee dishonesty and $100,000 per loss money and securities.
Food stamps covered by State of Colorado, Social. Services Department.
113
COUNTY OF WELD
STATE OF COLORADO
Salaries of Principal Officials
(Unaudited)
December 31, 1983
ELECTED OFFICIALS:
Commissioners $ 25,100
Clerk & Recorder $ 28,000
Treasurer $ 28,000
Assessor $ 28,000
Sheriff $ 30,000
District Attorney S 45,000
APPOINTED:
County Attorney $ 54,748
Director of Planning S 30,072
Director of Finance and
Administration $ 57,628
Director of Building and
Grounds $ 33,588
Director of Communications $ 24,928
Director of Ambulance Services S 37,147
Director of Veterans' Affairs $ 22,813
County Engineer $ 39,996
Director of Social Services $ 39,670
Director of Health Department $ 71,208
Director of Library $ 32,844
Director of Human Resources $ 40,140
Director of Data Processing
Services $ 50,400
Director of Purchasing $ 27,991
Director of Personnel $ 34,968
Comptroller $ 36,581
Surety Bond Coverage For Principal Officials
(Unaudited)
December 31, 1983
District Attorney $ 5,000
Commissioner $ 25,000
Treasurer $ 250,000
Sheriff $ 20,000
Assessor S 6,000
Coroner $ 5,000
County Clerk $ 25,000
County Clerk (Titles & Deeds) $ 5,000
Director of Finance and
Administration S 100,000
Note: All bonds are issued by the St. Paul Insurance Company and are on file
with the Weld County Clerk and Recorder.
114
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