HomeMy WebLinkAbout861425.tiff COMPREHENSIVE
„tw ,,, �, ANNUAL
Igo ' *+ 1 FINANCIAL
hiDe. REPORT
COLORADO
Year Ended December 31, 1985
COUNTY of WELD
STATE of COLORADO
COMPREHENSIVE ANNUAL FINANCIAL REPORT
COUNTY OF WELD
STATE OF COLORADO
YEAR ENDED DECEMBER 31 , 1985
Issued by:
Department of Finance
& Administration
Donald D. Warden, Director
Finance and Administration
INTRODUCTORY
SECTION
COLORADO
WECYc
TABLE OF CONTENTS
Page
INTRODUCTORY SECTION
Table of Contents 1
Letter of Transmittal 7
Municipal Finance Officers Association
Certificate of Conformance 16
Organization Chart 17
Principal County Officials 18
FINANCIAL SECTION
GENERAL PURPOSE FINANCIAL STATEMENTS
Auditor's Report 19
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS 20
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE
TRUST FUNDS 22
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCES - BUDGET AND ACTUAL - ALL GOVERNMENTAL
FUND TYPES 24
COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN
RETAINED EARNINGS/FUND BALANCES - ALL PROPRIETARY FUND
TYPES AND PENSION TRUST FUNDS 26
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS 27
NOTES TO FINANCIAL STATEMENTS 28
COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP
STATEMENTS AND SCHEDULES
GENERAL FUND
BALANCE SHEET 47
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE 48
Schedule of Revenue Compared with Estimate 49
Schedule of Expenditures Compared with Budget 50
Schedule of Operating Transfers-Out Compared
with Budget 52
Schedule of Operating Transfers-In Compared
with Estimate 52
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 54
1
TABLE OF CONTENTS - (CONTINUED)
Page
SPECIAL REVENUE FUNDS (Continued) :
COMBINING BALANCE SHEET 56
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES 58
Road and Bridge Fund - Schedule of Revenue
Compared with Estimate 60
Road and Bridge Fund - Schedule of Expenditures
Compared with Budget 61
Road and Bridge Fund - Schedule of Operating
Transfers-In Compared with Estimate 61
Social Services Fund — Schedule of Revenue
Compared with Estimate 62
Social Services Fund - Schedule of Other Financing
Sources Compared with Estimate 62
Social Services Fund - Schedule of Expenditures
Compared with Budget 63
Federal Revenue Sharing Fund - Schedule of
Revenue Compared with Estimate 64
Federal Revenue Sharing Fund - Schedule of
Operating Transfers-Out Compared with Budget 64
Conservation Trust Fund - Schedule of Revenue Compared
with Estimate 65
Conservation Trust Fund - Schedule of Expenditures
Compared with Budget 65
Contingent Fund - Schedule of Revenue Compared
with Estimate 66
Contingent Fund - Schedule of Operating Transfers-
In Compared with Estimate 66
Contingent Fund - Schedule of Operating Transfers-
Out Compared with Budget 66
Contingent Fund -- Schedule of Expenditures
Compared with Budget 66
Public Health Fund - Schedule of Revenue Compared
with Estimate 67
Public Health Fund - Schedule of Operating
Transfers-In Compared with Estimate 67
Public Health Fund - Schedule of Expenditures
Compared with Budget 68
Library Fund - Schedule of Revenue Compared
with Estimate 69
Library Fund - Schedule of Expenditures Compared
with Budget 69
Library Fund - Schedule of Operating Transfers-In
Compared with Estimate 69
2
TABLE OF CONTENTS - (CONTINUED)
Page
SPECIAL REVENUE FUNDS (Continued) :
Human Resources Fund - Schedule of Revenue
Compared with Estimate 70
Human Resources Fund - Schedule of Other
Financing Sources Compared with Estimate 70
Human Resources Fund - Schedule of Expenditures
Compared with Budget 71
Solid Waste Fund - Schedule of Revenue
Compared with Estimate 72
Solid Waste Fund - Schedule of Operating
Transfers-Out Compared with Budget 72
Solid Waste Fund - Schedule of Expenditures
Compared with Budget 72
Housing Authority Fund - Schedule of Revenue
Compared with Revenue 73
Housing Authority Fund - Schedule of Expenditures
Compared with Budget 73
CAPITAL PROJECTS FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 75
BALANCE SHEET 76
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 77
Capital Expenditures Fund - Schedule of
Revenue Compared with Estimate 78
Capital Expenditures Fund - Schedule of
Expenditures Compared with Budget 78
Capital Expenditures Fund - Schedule of Operating
Transfers-In Compared with Estimate 78
SPECIAL ASSESSMENT FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 79
COMBINING BALANCE SHEET 80
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES 81
Improvement District - Road 5 - Schedule of Revenue
Compared with Estimate S2
Improvement District - Road 5 - Schedule of Expenditures
Compared with Budget 82
Improvement District - Road 5 - Schedule of Operating
Transfers-In Compared with Estimate 82
3
TABLE OF CONTENTS - (CONTINUED)
Page
SPECIAL ASSESSMENT FUNDS (Continued) :
Improvement District Number 1981-2 Elmore Road
Schedule of Revenue Compared with Estimate 83
Improvement District Number 1981-2 Elmore Road
Schedule of Expenditures Compared with Budget 83
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 85
COMBINING BALANCE SHEET 86
COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL 87
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
RETAINED EARNINGS 88
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION 89
Motor Vehicle Fund - Schedule of Operating
Revenue Compared with Estimate 90
Motor Vehicle Fund - Schedule of Operating
Expenses Compared with Budget 90
Motor Vehicle Fund - Schedule of Non-operating
Revenue Compared with Estimate 90
Motor Vehicle Fund - Schedule of Fixed Asset
Acquisitions Compared with Budget 90
Printing and Supply Fund - Schedule of Operating
Revenue Compared with Estimate 91
Printing and Supply Fund - Schedule of Operating
Expenses Compared with Budget 91
Computer Services Fund - Schedule of Operating
Revenue Compared with Estimate 92
Computer Services Fund - Schedule of Operating
Expenses Compared with Budget 92
Computer Services Fund - Schedule of Fixed Asset
Acquisition Compared with Budget 92
Computer Services Fund - Schedule of Operating
Transfers-In Compared with Estimate 93
Computer Services Fund - Schedule of Other
Financing Sources Compared with Estimate 93
Insurance Fund - Schedule of Operating Revenue
Compared with Estimate 94
Insurance Fund - Schedule of Operating Expenses
Compared with Budget 94
Insurance Fund - Schedule of Non-operating
Revenue Compared with Estimate 94
4
TABLE OF CONTENTS - (CONTINUED)
TRUST AND AGENCY FUNDS Page
EXPLANATIONS OF INDIVIDUAL FUNDS 95
COMBINING BALANCE SHEET 96
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES -
ALL PENSION TRUST FUNDS 98
STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PENSION
TRUST FUNDS 99
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - ALL EXPENDABLE TRUST FUNDS 100
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES -
ALL AGENCY FUNDS 101
North Colorado Medical Center Trust Fund - Schedule
of Revenue Compared with Estimate 102
North Colorado Medical Center Trust Fund — Schedule
of Expenditures Compared with Budget 102
North Colorado Medical Center Trust Fund - Schedule
of Other Financing Sources Compared with Estimate 102
Health Insurance Fund — Schedule of Revenue Compared
with Estimate 103
Health Insurance Fund - Schedule of Expenditures
Compared with Budget 103
Antelope Hills Trust Fund - Schedule of Revenue
Compared with Estimate 104
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCES 105
SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY 106
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION
AND ACTIVITY 107
GENERAL LONG-TERM DEBT ACCOUNT GROUP
SCHEDULE OF GENERAL LONG-TERM DEBT - BY SOURCES 109
STATISTICAL SECTION
General Governmental Expenditures by Function 112
General Revenue by Source 112
Property Tax Levies and Collections 114
Assessed and Estimated Actual Value of Taxable Property 114
•
TABLE OF CONTENTS - (CONTINUED)
Page
STATISTICAL SECTION (Continued) :
Property Tax Rates and Tax Levies - All Overlapping Governments 115
Special Assessment Collections 116
Computation of Legal Debt Margin I17
Tables Relating to Bonded Debt 117
Demographic Statistics 118
Property Value, Construction, Bank Deposits and
Other Economic Indicators 119
Principal Taxpayers 120
Miscellaneous Statistics 121
Insurance In Force 123
Salaries of Principal Officials 124
Surety Bond Coverage for Principal Officials 124
6
DEPARTMENT OF FINANCE AND ADMINISTRATION
"Ipilli PHONE(303)356-4000 EXT.421E
P.O. BOX 75E.
GREELEY,COLORADO 80632
O
COLORADO
June 2, 1986
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, 1985 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.
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 adeauately 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,
1985.
A new payroll system was developed in 1985 for interface with the
accounting system. The financial system now includes the integration of
the accounting, purchasing, outstanding warrant, budget, and payroll
systems into one overall system for financial management. The entire
system as implemented has on-line inquiry capabilities for all departments
and on-line input for accounting, purchasing, and payroll staff. A new
automated auditing system was used for the conducting of the annual audit
and preparation of the financial statements.
THE REPORTING ENTITY AND ITS SERVICES
The funds and entities related to the County of Weld that are ir, our
Comprehensive Annual Financial Report include those of separately
administered organizations that are controlled by or dependent on the
county. Control or dependence is determined on the basis of budget
adoption, taxing authority, funding, scope of public service, ability to
influence operation, designation of management, and appointment of the
respective governing board.
Based upon the foregoing criteria, the financial statements of the
following organizations are included in the accompanying financial
statements:
Wald County Housing Authority -- The Board of County Commissioners
appoints the five member board. The majority of funding provided is
from state and federal housing grants of which the county is the
primary recipient and sponsor. The operation is reported in the
Housing Authority Fund, a Special Revenue Fund.
8
•
Honorable Board of Commissioners - Continued:
Weld County Public Health Board -- The Board of County Commissioners
appoints the seven member board and the Director of Public Health.
Substantial funding is provided by the county for the operation of the
Public Health Department. The Public Health Department's operations
are reported in the Health Fund, a Special Revenue Fund.
Weld County Retirement Board -- The Retirement Board consists of five
members, four appointed by the Board of County Commissioners and the
fifth being the elected County Treasurer. The county funds half of
the retirement program which substantially covers all permanent,
full-time employees of Weld County. The operation of the plan is
accounted for in the Weld County Retirement Fund, as a Pension Trust
Fund.
The following organizations are not part of Weld County and are excluded
from the accompanying financial statements:
North Colorado Medical Center -- The Board of County Commissioners
appoints a seven member Hospital Board of Trustees that in turn
appoints five of the eleven Normedco Board of Directors. Normedco
being a holding company of which the North Colorado Medical Center
(NCMC) is a non-profit subsidiary operating the hospital. The
county commits minimal capital funds annually which is less than 1% of
the total revenues. The NCMC has the ability to incur its own debt
and its operations are financed totally by patient revenues.
Greeley-Weld Airport Authority -- The County Commissioners appoint two
of the five Airport Authority Board members. The county has
contributed approximately 5% of the funds for capital construction.
The Authority has full autonomy under Colorado State law, can incur
debt, and funds its operations totally from user fees.
Weld Library District -- The County Commissioners, together with the
concurrence of the city councils of seven participating municipalities,
appoints the seven member library district board. The Library
District Board has total autonomy under the State Library Act to incur
debt, establish budgets, and levy property taxes to support the
district's library system.
State Board of Equalization -- The State Board of Equalization consists
of the Governor or his designee, the Speaker of the House or his
designee, the President of the Senate or his designee and two members
appointed by the Governor. In accordance with Section 39-1-105, CRS,
1973, the State Board of Equalization can order a state mill levy
independent of any county levy or county mill levy limitation for the
purpose of reimbursing the state for any property reappraisal costs
and any excess state equalization payments made to school districts
within the county during a fiscal year where state ordered reappraisals
occurred.
9
Honorable Board of Commissioners - Continued:
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 $44,055,312 in 1985, an
increase of 1.2% over 1984. General property taxes and specific ownership
taxes produced 37.1% of general revenue compared to 36.6% last year. The
amount of revenue from various sources and the increase over last year are
shown in the following tabulation:
Increase (Decrease)
Revenue Sources Amount Per Cent of Total for 1985
Taxes $16,308,829 37.1% $ 375,865
Licenses and Permits 716,130 1.6 46,196
Intergovernmental
Revenue 19,890,172 45. 1 605,556
Charges for Services 1,673,281 3.8 131,762
Fines and Forfeits 78,261 0.2 40,669
Miscellaneous Revenue 3,756,702 8.5 (757,179)
Fee Accounts 1,631 ,937 3.7 98,482
Total $44,055,312 100.0% $ 541,351
The mill levy was 19.342, up 2.170 mills. The assessed valuation of
$820,747,830 shows a decline of $49,705,670 or 5.7%, the first decline in
nearly thirty years in Weld County. With the 5% increase in property tax
revenues coupled with the assessed valuation decline, the mill levy is up
12.6%. The decline in assessed value is almost totally attributed to the
drop in oil and gas production in Weld County.
The drop in assessed value precluded the Board from going to the County
Council for any excess property tax. The ballot issue to raise five
additional mills for roads and bridges was defeated by the voters on
November 6, 1984, along with the amendment to the Home Rule 5% property tax
limitation to provide a growth factor. The defeat of these issues mark the
third time in four years that Weld County voters have overwhelmingly
rejected efforts to raise added resources for the road and bridge program.
The defeat of the 5% property tax limitation continues to leave Weld County
the most fiscally restricted local government in Colorado.
10
Honorable Board of Commissioners - Continued:
Current tax collections were 97.44% of the tax levy, down 1.67% from last
year. Delinquent tax collections were $28,931, compared with $131,428 last
year. Allocations of property tax by purpose for 1985 and the preceding
year are shown as follows:
1984 1985
Purpose Mills Mills
General Fund 10.683 12.158
Special Revenue Funds 5.297 5.771
Capital Project Funds .830 .478
Expendable Trust Funds 0.000 .312
Intergovernmental Service Funds .559 .623
Total Tax Rate 17.369 19.342
Intergovernmental Revenue represented 45.5% of total general governmental
revenue, compared with 44.4% for the preceding year.
Expenditures for general governmental purposes total $44,088,322 an increase
of 3.3% over 1984. Increases in levels of expenditures for major functions
of the County over the preceding year are shown in the following tabulation:
Increase (Decrease)
Revenue Sources Amount Per Cent of Total for 1984
Current Operating:
General Government $ 6,120,746 13.9% $ 38,210
Public Safety 7,283,096 16.5 988,436
Public Works 8,547,979 19.4 411,865
Public Health &
Welfare 13,748,610 31.2 (51,096)
Culture & Recreation 731,073 1.7 (14,341)
Conservation of
Natural Resources 10,264 0.0 168
Economic Assistance 3,854,860 8.7 89,935
Capital Outlay 1,515,560 3.4 (796,713)
Debt Service 88,500 0.2 34,667
Intragovernmental
Expenditures 465,517 1. 1 50,415
Miscellaneous 1,722,117 3.9 647,885
Total $44,088,322 100.0% $1,399,431
11
_ -_____.
Honorable Board of Commissioners - Continued:
Budget reductions at the federal and state levels, plus growth in Weld
County, continued to place demands for additional or expanded services in
all areas of the county government in 1985. The county has been obliged in
1985 to provide many services because of legislative mandates or because
the services are inherently county-wide in scope. As long as Weld County
is responsible for the delivery of many human services and the maintenance
of the extensive road and bridge program in Weld County, the cost of county
government will continue to rise as it did in 1985. The current local
government environment throughout the nation is not conducive to meeting
all the needs and demands being placed upon local governments. The County,
like other local governmental jurisdictions, lacks the authority to
increase financing in order to meet community needs and the general demand
for public services. Restrictions are severe. In Weld County with the tax tation in 85, the Home Rule Calternativesrter 5% other property
than to it reduce some g services county
or
with few
seek other
financial resources.
However, other than the funding level in the area of road and bridges in
1985, the county government was able to meet the essential needs of the
people of Weld County. Funding of the county has only been able to be
achieved because the Board has been willing to seek other funding
alternatives in the form of fees to reduce the reliance on property tax,
sacrificing some long range capital project plans, limiting the expansion
of services, and the employment of cost cutting and revenue raising
strategies es. The 5 iscal nnig inof some d strategic county planicapproachess8inf certain year
progr ms also
with
beginning of
multi-year funding implications.
The local economy in 1985 continued to be plagued by the poor agricultural
economy and during the last quarter the economy was adversely impacted by
the drop in oil and gas prices. As a result, unemployment locally was
higher than the state and national averages. Factors positilyum product
vemng
Weld County in 1985 were low inflation rates, declining p
costs, building activity related revenues , and increased fees from elected
officials' offices. Weld County also received state energy impact
assistance funds of $532,000 for projects to defray the adverse impact of
energy development throughout the county.
Unreserved fund balance and retained earnings in the major operating funds
were maintained at adequate levels. The General Fund 1 fund
ba balance
c the
$551 ,183 was down $519,615 from last year. The $3,830,171
Special Revenue Funda was down from the previous year by 11.7%.
DEBT ADMINISTRATION
In 1985 the County continued to have no bonded indebtedness. With the
passage of AB 1579 in 1981 , Section 30-35-201 , C.R.S. ,S. ,
1973 now allows the
debt ceiling to be 3% of the assessed valuation of the County. Thus,
Weld
County maintains over a twenty-four million dollar allowable debt capacity
in accordance with Colorado State Statutes. The only significant
lease/purchase agreement involve two phone systems totalling $217,959.
12
Honorable Board of Commissioners - Continued:
CASE 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 $1 ,174,781 in 1985.
CAPITAL PROJECT FUNDS
The Capital Expenditure Fund was established to account for all capital
projects for general county use. At the end of the fiscal year, the
completed project items are transferred to the General Fixed Asset account
group. The county has developed a five year Capital Improvements Program
outlining projected costs and probable sources of funding for various
capital improvement projects. Major projects in that plan pending at the
end of 1985 include the renovation of the courthouse and courthouse annex,
and expansion of the jail to accommodate more work release inmates. The
Capital Expenditure Fund had no fund balance at the end of 1985.
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 , 1985, the General Fixed
Assets of the County amounted to $22,409,691. 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
As Weld County government faces the future, there is potential reduction in
certain key revenue sources. Federal Revenue Sharing, which has been
funded since 1972 appears certain to end in 1986, which will be a loss of
$1 .4 million to Weld County. An analysis of the Gramm--Rudman-Hollings
amendment indicates that Weld County could lose over $220,000 in 1986 and
over $1 .8 million in 1987 in federal assistance to county programs. The
1987 reduction of Revenue Sharing and Gramm-Rudman cuts could equal over
11% of the over $16 million federal aid anticipated in 1986.
13
Honorable Board of Commissioners - Continued:
Lower oil and gas prices are a mixed blessing for Weld County. Fuel and
petroleum product costs are anticipated to be down in 1986-87 providing
savings to our road program and heavy vehicle user departments. However,
revenue sources from royalties and tax assessments will also be down
substantially. Of the 1986 assessed value for Weld County, over 33% is oil
and gas production.
Unless a significant discovery positively impacts production over the next
five years, Weld County is projected by the Oil and Gas Conservation
Commission to have a 57.5% decline in oil production and 58.0% decline in
gas production. The decline coupled with a 40% price drop results in an
83.2% drop in oil and gas assessments and a 28% drop in the total Weld
County property assessment. All this translates into an increased mill
levy with a shift of the property tax burden to non-energy related property
owners.
The 1986-87 budget could also be impacted on a cash flow basis as oil
producers continue to have difficulty in paying property taxes due. Weld
County is already plagued by bankrupt energy producers, and this situation
could get worse. Healthy contingency funds need to be maintained to
respond to cash flow problems created by delinquent taxes.
On a positive note the State Legislature did pass legislation effective
July 1 , 1986 raising the gas tax in Colorado six cents. This will mean
$850,000 increase in highway users' taxes for Weld County to spend on its
roads and bridges.
INDEPENDENT AUDIT
The Weld County Home Rule Charter requires an annual audit of the books of
accounts, financial records, and transactions of all administrative
departments of the County by independent certified public accountants
selected by the Board of County Commissioners, and engaged for a period not
to exceed five years. This requirement has been complied with and the
auditor's report has been included in this report.
CERTIFICATE OF CONFORMANCE
The Government Finance Officers Association of the United States and Canada
(GFOA) awarded a Certificate of Achievement for Excellence in Financial
Reporting to the County of Weld, State of Colorado for its comprehensive
annual financial report for the fiscal year ended December 31 , 1984.
In order to be awarded a Certificate of Achievement, 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.
14
Honorable Board of Commissioners - Continued:
A Certificate of Achievement is valid for a period of one year only. We
believe our current report continues to conform to Certificate of
Achievement 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
1985 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 , 1985. 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.
Re7ectfull bmi t d,
Alar7ti
,
/
Donald D. Warden, Director
Finance and Administration
DDW/ch
15
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, 1984
A Certificate of Conformance in Financial Reporting is
presented by the Government 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.
4� NE�6➢J, be
i U�IIRU S7ACC$ r
, uunnn o President
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aATION r^
AL
Executive Director
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1 17
COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31, 1985
Board of County Commissioners
Jacqueline Johnson
Gene Brantner
C. W. Kirby
Gordon Lacy
Frank Yamaguchi
Director of Finance and Administration
Donald D. Warden
Comptroller
Claud Hanes
Independent Auditor
Dollarhide & Schwartz
Certified Public Accountants
18
. — _ -- -
FINANCIAL
SECTION
, �
T= w
Wilge.
GENERAL PURPOSE
FINANCIAL STATEMENTS
AatA
Ilik.
GDOLLARHIDE & SCHWARTZ
CERTIFIED PUBLIC ACCOUNTANTS P o sox 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 general purpose financial statements of Weld
County, Colorado, as of and for the year ended December 31, 1985, 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 general purpose financial statements referred to
above present fairly the financial position of Weld County, Colorado, at
December 31 , 1985, 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
general purpose financial statements taken as a whole and on the combining,
individual fund, and individual account group financial statements. The
accompanying financial information, listed as supporting schedules in the
table of contents, is presented for purposes of additional analysis and is
not a required part of the financial statements of Weld County, Colorado.
Such information has been subjected to the auditing procedures applied in
the examination of the general purpose, combining, individual fund, and
individual account group financial statements and, in our opinion, is
fairly stated in all material respects in relation to the financial
statements of each of the respective individual funds and account groups,
taken as a whole. Our examination did not include the information
presented in the Statistical Section and, accordingly, we express no
opinion on it.
DOLLARHIDE & SCHWARTZ
Greeley, Colorado
May 28, 1986
J19
COUNTY OF WELD
STATE OF CMPAADO
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1985
General Fund Types
Special Capital Special
ASSETS General Revenue Project Assessment
ASSETS: •-s--
Cash with Treasurer $ 1,206,795 $ 4,499,196 $ 90,242 $ 20,712
Cash - other 120,083 21,143 0 0
Investments 0 0 0 0
Receivables (net where applicable
of allowance for uncollectibles):
Accounts 369,572 177,916 0 0
Special Assessments:
Current 0 0 0 101,123
Deferred 0 0 0 980,615
Current property taxes 10,165,112 5,615,952 557,220 0
Delinquent property taxes 190,169 93,750 5,975 0
Due from other governmental units 235,312 2,741,981 51,800 0
Due from other county funds 198,440 480,265 76,439 0
Inventories 32,248 597,260 0 0
Advance to Other Funds 86,738 75,000 0 0
Prepaid expenses 21,556 19,227 0 0
Land 0 0 0 0
Land under capital lease o 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 $ 12,626,025 $ 14,321,690 $ 781,676 $ 1,102,450
LIABILITIES & FUND EQUITY
LIABILITIES:
Warrants & vouchers payable $ 154,800 $ 309,247 $ 79,746 $ 0
Accrued liabilities 463,398 297,433 0 0
Due to other governmental units 114,253 1,244,019 0 0
Due to other county funds 693,783 815,908 80,776 2,237
Current portion of capital lease
obligation 0 0 0 0
Deferred revenue 10,340,958 7,291,282 621,154 1,005,614
Advance from General Fund:
Current 0 0 0 1,123
Deferred 0 0 0 80,615
Unexpended grant revenue 120,619 0 0 0
Other liabilities o 67,537 0 0
Bonds payable:
Current 0 0 0 100,000
Deferred 0 0 0 800,000
Total Liabilities 11,887,811 10,025,426 781,676 1,989,589
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 o 0 0 0
Fund Balances:
Reserved 187,031 466,093 55,463 0
Unreserved:
Designated for subsequent
year's expenditures 270,000 544,808 0 0
Undesignated 281,183 3,285,363 (55,463) (887,139)
Total Fund Equity (deficit) 738,214 4,296,264 0 (887,139)
TOTAL LIABILITIES AND
FUND EQUITY $ 12 626,025 $ 14,321,690 $ 781,676 $ 1,102,450
The Notes to Financial Statements are an integral part of this schedule.
20
Proprietary Fiduciary
Fund Type Fund Type Account Groups Memorandum Total
Internal Trust and deneral General Fiscal Year Fiscal Year
Service Agency Fixed Assets Long-term Debt 1985 1984
S 918,952 $ 21,648,001 $ 0 $ 0
7 500 $ 28,383,898 $ 21,906,878
36,233 0 0 184,959 179,994
0 16,899,922 0 0 16,899,922 12,814,241
17,894 186,770 0 0 752,152 2,317,931
0 0 0 0 101,123 1,282
0 0 0 0 980,615 7,692
511,095 290,475 0 0 17,139,854 15,883,872
9,171 8,138 0 0 307,203 212,504
0 0 0 0 3,029,093 2,447,488
831,336 40,830 0 0 1,627,310 1,188,729
235,866 0 0 0 865,374 828,761
0 0 0 0 161,738 8,974
1,111 36,691 0 0 78,585 65,583
694,381, 0 1,577,227 0 2,271,608 1,906,948
0 0
00 0 274,820
19,345 0 206,466 0 225,811 224,704
669,036 0 17,851,656 0 18,520,692 17,328,769
10,875,454 0 2,774,342 0 13,649,796 12,115,291
(5,646,153) 0 0 0 (5,646,153) (5,356,532)
O 0 0 ----2.--4--L---1 8283 _ 1,182,283 897,570
$ 9,144,988 $ 39,147,060 1_11z±1,±21 229,697. $ 1,182,283 $100,715,863 $ 85,255,499
$ 216,356 $ 1,429,738 $ 0 $ 0 $ 2,189,887 $ 1,099,934
153,904 0 0 1,182,283 2,097,018 1,793,891
0 15,468,149 0 0 16,826,421 11,487,377
33,329 1,277 0 0 1,627,310 1,188,729
O 0 0 0 0 1,000
520,266 298,613 0 0 20,077,887 17,698,457
80,000 0 0 0 81,123 1,282
0 0 0 0 80,615 7,692
0 0 0 0 120,619 59,706
0 326,033 0 0 393,570 236,432
0 0 0 0 100,000 100,000
0 0 0 0 800,000 900,000
1,003,855 17,523,810 0 1,182,283 44,394,450 34,574,500
O 0 22,409,691 0 22,409,691 20,715,952
5,610,261 0 0 0 5,610,261 5,568,379
503,200 0 0 0 503,200 438,398
2,027,672 0 0 0 2,027,672 1,881,738
O 10,151,307 0 0 10,859,894 9,632,888
O 0 0 0 814,808 1,464,591
0 11,471,943 0 0 14,095,887 102979,053
8,141,133 21,623,250 22,409x691 0 56,321,413 5O ,
680999
$ 9,1441988 $ 39,147,060 $ 22,409,691 $ 1,182,283 $10O 715,863 $ 85,255,499
21
_.ma. lk AM\ ,..
COUNTY OF WELD
STATE OF COLORADO
COMBINED STATEMENT OF REVENUES EXPENDITURES AND CHANCES IN FUND BALANCES -
ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE—TRUST FUNDS
December 31, 1985
Governmental. Fund Types
•
Special Capital Special
General Revenue Projects Assessment
REVENUE:
Taxes $ 9,873,318 $ 5,753,834 $ 413,996 $ 0
Licenses and permits 368,239 347,891 0 0
Intergovernmental revenue 891,822 18,881,310 117,040 0
Charges for services 1,157,164 516,117 0 0
Fines and forfeitures 69,455 8,806 0 0
Miscellaneous revenue 2,190,774 198,300 1,932 78,391
Fee accounts 1,631,937 0 0 0
Total Revenue 16,182,709 25,706,258 532,968 78,391
EXPENDITURES:
Current Operating:
General government 6,120,746 0 0 0
Public safety 7,283,096 0 0 0
Public works 518,699 8,029,280 0 0
Public health and welfare 116,045 13,632,565 0 0
Culture and recreation 95,622 635,451 0 0
Conservation of natural
resources 10,264 0 0 0
Economic assistance 0 3,854,860 0 0
Capital outlay 110,985 149,542 1,204,932 50,101
Debt service 0 0 0 88,500
Inteagovernmental expenditures 0 465,517 0 0
Miscellaneous 658,426 177, ,
599 4583 0
Total Expenditures 14,913,883 26,9442814 1,209,515 138,601
EXCESS REVENUE OVER (UNDER)
EXPENDITURES 1,268,826 (1,238,556) (676,547) (60,210)
OTHER FINANCING SOURCES (USES):
Operating transfers-in 310,000 2,919,728 394,180 0
Operating transfers-out (1,986,122) (2,219,042) 0 0
Inception of lease-purchase
agreements 0 219,949 0 0
Total Other Financing
Sources (Uses) (1,676,122) 920,635 394,180 0
EXCESS REVENUE OVER (UNDER)
EXPENDITURES AND OTHER USES (407,296) (317,921) (282,367) (60,210)
FUND BALANCE AT BEGINNING
OF PERIOD 1,145,510 _ 4 614,185 282,367 (826,929)
FUND BALANCE AT END
OF PERIOD $ 738,214 $ 4,296,264 $ 0 $ (887,139)
The Notes to Financial Statements are an integral part of this schedule.
22
Fiduciary
Fund Types Memorandum Total
ExpendableFiscal Year
isc1 ear
Trusts
1985 1984
$ 267,681 $ 16,308,829 $ 15,932,964
0 716,130 669,934
0 19,890,172 19,284,616
0 1,673,281 1,541,520
0 78,261 37,592
1,287,305 3,756,702 4,513,881
0 1,631,937 1,533,455
1,554,986 _ 44,055,312 43,513,962
O 6,120,746 6,082,536
0 7,283,096 6,294,660
O 8,547,979 8,136,114
0 13,748,610 13,799,706
0 731,073 745,414
O 10,264
, 10,096
0 3,854,860 3,764,925
0
1,515,560 2,312,273
0 88,500 53,833
881,509 465,517 415,102
1,722,117 1,074,232
881,509 44088`,322 42,688,891
673,477 (33,010) 825,071
200,000 3,823,908 3,498,977
O (4,205,164) (3,961,769)
0 219,949 0
200,000 (161,307) (462,792)
873,477 (194,317) 362,279
3,887,897 9,103,030 8,734,660
S 4,761,374 $ 8,908,713 $ 9,096,939
23
COUNTY OF WELD
SATE OF COLORXDO
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
ADDGET AND ACTUAL - ILL GOVERNMENTAL FUND TYPES
December 31, 1985
General Special Revenue
Variance Variance
Estimate/ Favorable Estimate/ Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVENUE:
Taxes $ 10,099,523 $ 9,873,318 $ (226,205) $ 5,678,392 $ 5,753,834 S 75,442
Licenses and permits 348,250 368,238 19,988 180,000 347,891 167,891
Intergovernmental
revenue 1,134,586 891,822 (242,764) 22,811,147 18,881,310 (3,929,837)
Charges for services 1,095,783 1,157,164 61,381 556,232 516,117 (40,115)
Fines and forfeitures 33,648 69,456 35,808 8,000 8,806 806
Miscellaneous revenue 2,109,645 2,190,774 81,129 15,760 198,300 182,540
Fee accounts 1,563,975 1,631,937 67,962 0 0 0
Total Revenue 16,385,410 - 16,182,709 (202,701) 29,249,531 25,706,258 (3,543,273)
EXPENDITURES:
Current Operating:
General government 6,495,917 6,120,746 375,171 0 0 0
Public Safety 7,691,716 7,283,096 408,620 0 0 0
Public works 568,002 518,699 49,303 9,751,472 8,029,280 1,722,192
Public health and
welfare 166,045 116,045 50,000 14,890,171 13,632,565 1,257,606
Culture & recreation 72,846 95,622 (22,776) 668,574 635,451 33,123
Natural resources 10,264 10,264 0 0 0 0
Economic assistance 0 0 0 6,311,283 3,854,860 2,456,423
Miscellaneous 437,060 658,426 (221,366) 200,000 177,599 22,401
Capital Outlay 139,137 110,985 28,152 0 149,542 (149,542)
Debt Services 0 0 0 0 0 0
Intrrgovernmental
Expenditures 0 0 0 466,444 465,517 927
Total Expenditures 15,580,987 14,913,883 667,104 32,287,944- 26,944,814 __ 5,343,130
EXCESS REVENUE OVER �
(UNDER) EXPENDITURES 804,423 1,268,826 464,403 (3,038,413) (1,238,556) 1,799,857
OTHER FINANCING SOURCES
(USES):
Advance from Solid
Waste 0 0 0 0 0 0
Operating transfers
-in 310,000 310,000 0 2,782,784 2,919,728 136,944
Operating transfers
-out (1,902,496) (1,986,122) (83,626) (1,411,702) (2,219,042) (807,340)
Inception of lease
-purchase
agreements 0 0 0 0 219 ,
949 219949
Total Other Financing
Sources (Uses) (1,592,496) (1,676,122) (83,626) 1,371082 920,635 (450,447)
EXCESS REVENUE OVER
(UNDER) EXPENDITURES
AND OTHER USES (788,073) (407,296) 380,777 (1,667,331) (317,921) 1,349,410
FUND BALANCE AT
BEGINNING OF PERIOD 1,145,510 1,145,510 0 4 4 13126
, , , , ,
FUND BALANCE AT
END OF PERIOD S 357,437 $ 738,214 S 380,777 $ 2,933,728 $ 4,296,264 $ 1,362,536
The Notes to Financial Statements are an integral part of this schedule.
24
Capital Projects Special Assessments Memorandum Total
Variance Variance Variance
Estimate/ Favorable Estimate/ Favorable Estimate/ Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorabl
$ 416,367 $ 413,996 $ (2,371) $ 0 $ 0 $ 0 $16,194,282 $16,041,148 $ (153,3
O 0 0 0 0 0 528,250 716,129 187,E
137,500 117,040 (20,460) 0 0 0 24,083,233 19,890,172 (4,193,(
O 0 0 0 0 0 1,652,015 1,673,281 21,:
O 0 0 0 0 0 41,648 78,262 36,(
O 1,932 1,932 3,500 78,391 74,891 2,128,905 2,469,397 340,1
O 0 0 0 0 0 1,563,975 1,631,937 67,5
553,867 532,968 (20,899) 3,500 78,391 74,891 46,192,308 42,500,326 (3,691,!
O 0 0 0 0 0 6,495,917 6,120,746 375,:
O 0 0 0 0 0 7,691,716 7,283,096 408,E
0 0 0 0 0 0 10,319,474 8,547,979 1,771,2
0 0 . 0 0 0 0 15,056,216 13,748,610 1,307,1
O 0 0 0 0 0 741,420 731,073 10,:
O 0 0 0 0 0 10,264 10,264
O 0 0 0 0 0 6,311,283 3,854,860 2,456,4
O 4,583 (4,583) 0 0 0 637,060 840,608 (203,!
1,238,512 1,204,932 33,580 102,750 50,101 52,649 1,480,399 1,515,560 (35,:
0 0 0 192,000 190,737 1,263 192,000 190,737 1,:
O 0 0 0 0 0 466,444 465,517
12238,512 1,209,515 28,997 294,750 240,838 53,912 49,402,193 43,309,050 6,093,:
(684,645) (676,547) 8,098 (291,250) (162,447) 128,803 (3,209,885) (808,724) 2,401,:
O 0 0 0 75,000 75,000 0 75,000 75,,
380,000 394,180 14,180 0 0 0 3,472,784 3,623,908 151,.
O 0 0 0 0 0 (3,314,198) (4,205,164) (890,
O 0 0 0 0 0 0 219,949 219,
380,000 3180 14,180 0 -11,29.11 75,000 158,586 (286,307) (444,
(304,645) (282,367) 22,278 (291,250) (87,447) 203,803 (3,051,299) (1,095,031) 1,956,
282,367 282,367 0 0 182,046 (182,046) 6,028,936 6,224,108 195,
$ (22,278) S 0 1____a2,278 ..$. 19.2.2._. 2.52) L.....9.2_,_,• 599 $ 385,849 $ 2,977,637 S 5,129,077 $ 2,351,
25
- : w _�
COUNTY OF WELD
STATE OP COLORADO
COMBINED STATEMENT OF REVENUES EXPENSES, AND CHANGES IN RETAINED EARNINGS/
Mt BALANCES, ALL PROPRIETARY Fil2r't TYPES AND PEnT0 4 TA=T ENDS
December 31, 1985
Proprietary Fiduciary
Fund Type Fund Type Memorandum Total
Internal Pension fiscal Year Fiscal Year
Service Trust 1985 1984
OPERATING REVENUE:
Taxes S 540,138 $ 0 $ 540,138 $ 526,303
Charges for services 3,839,169 0 3,839,169 3,925,475
Appreciation (Depreciation)
in fair value of investments 0 1,423,993 1,423,993 (1,966,026)
Contributions 0 1,417,765 1,417,765 1,332,786
Total Operating Revenue 4,379,307 22 841,758 7,221,065 3,818538
OPERATING EXPENSES:
Personnel services 1,173,961 0 1,173,961 1,441,721
Contractual services 1,396,182 0 1,396,182 499,987
Supplies 332,401 0 332,401 717,883
Materials 0 0 0 83,758
Heat, light, and power 36,412 0 36,412 59,173
Depreciation 1,210,756 0 1,210,756 1,133,698
Repair and maintenance 50,747 0 50,747 6,482
Insurance and bonds 267,922 0 267,922 240,497
Claims 160,537 0 160,537 179,984
Other expenses 3,103 0 3,103 17,990
Benefit payments 0 438,398 438,398 316,266
Refunds 0 192,416 192,416 382,735
Administrative expenses 0 91,491 91,491 X162
Total Operating Expenses 4 632 0_21 722,305 5,354,326 _ 5,125,336
Operating Income (loss) (252,714) 2,119,453 1,866,739 (1,306,798)
NONOPERATING REVENUE (EXPENSES):
Farm Income 1,572 0 1,572 4,715
Gain on sale of fixed assets 31,380 0 31,380 94,368
Earnings on investments 32,259 1,738,765 1,771,024 3,042,034
Judgements and damages 102,476 0 102,476 23,529
Interest expense (55,336) 0 (55,336) 0
Total Net Nonoperating Revenue 112,351 1� 738 7652.--- 1,851,116 3,164,646
Income Before Operating Transfers (140,363) 3,858,218 3,717,855 _ 1,857,848
OPERATING TRANSFERS-IN X00 30,156 381,256 466,479
NET INCOME 210,737 3,888,374 4,099,111 2,324,327
RETAINED EARNINGS/FUND BALANCE,
January 1, 1985 2 320 135 12,970,501 15,290,636 12,966,310
RETAINED EARNINGS/FUND BALANCE,
December 31, 1985 $ 2,530,872 $ 16,858 X75 S 19,389,747 $ 15,290,637
The Notes to Financial Statements are an integral part of this schedule.
26
A_ a a -
COUNTY OF WELD
STATE OP COLORADO
COMBINED STAi'Eru;NT OF CHANGES IN FINANCIAL POSITION -
ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS
December 31, 1985
Proprietary Fiduciary
Fund Type Fund Type Memorandum Total
Internal Pension Fiscal Year Fiscal Year
Service Trust 1985 1984
WORKING CAPITAL PROVIDED:
Net Income $ 210,737 $ 3,888,374 $ 4,099,111 $ 2,324,327
Items which did not require
outlay of working capital:
Depreciation 1,210,756 0 1,210,756 1,133,698
Gain on sale of fixed assets (31,380) 0 (31,380) (94,368)
Working capital provided by
operations 1,390,113 3,888,374 5,278,487 3,363,657
OTHER SOURCES:
Contributions from capital
expenditures 36,983 0 36,983 14,383
Contributions from other funds 4,899 0 4,899 20,155
Proceeds from sale of fixed assets 378,054 0 378054 103209
, ,
Working Capital Provided 1,810,049 3,888,374 5,698,423 3,501,404
WORKING CAPITAL APPLIED:
Acquisition of fixed assets 2,392,449 0 2,392,449 1,176,348
Payments and current maturities
of long-term debt and capital
lease obligations 0 0 0 39710
,
Working Capital Applied 2,392,449 0 2,392,449 1,216,058
INCREASE IN WORKING CAPITAL $ (582,400) S-22-81021" $ 3,305,974 $ 2,285,346
CHANGES IN COMPONENTS OF
WORKING CAPITAL:
Increase (decrease) in current
assets:
Cash with treasurer $ (535,311) $ 8,735 $ (526,576) $ 334,425
Cash - other 0 29,801 29,801 3,802
Investments 0 3,940,555 3,940,555 1,750,328
Receivables:
Accounts (154,871) (41,183) (196,054) 102,685
Current property taxes 0 0 0 24,338
Delinquent property taxes 2,421 0 2,421 2,212
Due from other governmental
units (3,756) 0 (3,756) (6,358)
Due from other county funds 251,997 (47) 251,950 72,540
Inventories 44,671 0 44,671 (179,833)
Prepaid expenses . (7,824) 6,375 (1,449) 1b,165
Net increase (decrease)
in current assets (402,673) 3,944,236 3,541,563 2,120,304
(Increase) decrease in current
liabilities:
Vouchers payable (87,756) (55,955) (143,711) 43,256
Accrued liabilities (11,138) 0 (11,138) 27,483
Due to other county funds 8,338 93 8,431 118,641
Deferred revenue (9,171) 0 (9,171) (24,338)
Advance from other funds (80,000) 0 (80,000) 0
Net (increase) decrease in
current liabilities (179,727) (55,862) (235,589) 165,042
INCREASE IN WORKING CAPITAL $ (582,400) $ 3,888,374 $ 3,305,974 $ 2,285,346
The Notes to Financial Statements are an integral part of this schedule.
2?
a -la - -..
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1985
Note 1 - Summary of Significant Accounting Policies:
The County of Weld was established in 1861, and on January 1, 1976
became a home rule county under the provisions of Section
30-35-501 , CRS, 1973. The county operates under an elected
commissioner form of government. The county provides the full
range of services contemplated by statute or 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, and
general administrative services.
The financial statements of Weld County include those of
separately administered organizations that are controlled by or
dependent on the county. Control or dependence is determined on
the basis of budget adoption, taxing authority, funding, scope of
public service, ability to influence operation, designation of
management, and appointment of the respective governing board.
Based upon the foregoing criteria, the financial statements of the
following organizations are included in the accompanying financial
statements:
Weld County Housing Authority -- The Board of County
Commissioners appoints the five member board. The majority
of funding provided is from state and federal housing grants
of which the county is the primary recipient and sponsor.
The operation is reported in the Housing Authority Fund, a
Special Revenue Fund.
Weld County Public Health Board -- The Board of County
Commissioners appoints the seven member board and the
Director of Public Health. Substantial funding is provided
by the county for the operation of the Public Health
Department. The Public Health Department's operations are
reported in the Health Fund, a Special Revenue Fund.
Weld County Retirement Board -- The Retirement Board
consists of five members, four appointed by the Board of
County Commissioners and the fifth being the elected County
Treasurer. The county funds half of the retirement program
which substantially covers all permanent, full-time employees
of Weld County. The operation of the plan is accounted for
in the Weld County Retirement Fund, as a Pension Trust Fund.
The following organizations are not part of Weld County and are
excluded from the accompanying financial statements:
28
All._ A.
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1985
North Colorado Medical Center -- The Board of County
Commissioners appoints a seven member Hospital Board of
Trustees that in turn appoints five of the eleven Normedco
Board of Directors. Normedco being a holding company of
which the North Colorado Medical Center (NCMC) is a
non-profit subsidiary operating the hospital. The county
commits minimal capital funds annually which is less than 1%
of the total revenues. The NCMC has the ability to incur its
own debt and its operations are financed totally by patient
revenues.
Greeley-Weld Airport Authority -- The County Commissioners
appoint two of the five Airport Authority Board members. The
county has contributed approximately 5% of the funds for
capital construction. The Authority has full autonomy under
Colorado State law, can incur debt, and funds its operations
totally from user fees.
Weld Library District -- The County Commissioners, together
with the concurrence of the city councils of seven
participating municipalities, appoints the seven member
Library District Board. The Library District Board has total
autonomy under the State Library Act to incur debt, establish
budgets, and levy property taxes to support the district's
library system.
State Board of Equalization -- The State Board of
Equalization consists of the Governor or his designee, the
Speaker of the House or his designee, the President of the
Senate or his designee and two members appointed by the
Governor. In accordance with Section 39-1-105, CRS, 1973,
the State Board of Equalization can order a state mill levy
independent of any county levy or county mill levy limitation
for the purpose of reimbursing the state for any property
reappraisal costs and any excess state equalization payments
made to school districts within the county during a fiscal
year where state ordered reappraisals reoccur.
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
Governmental Accounting Standards Board. The following summary of
significant accounting policies is presented to assist the reader
in evaluating the County's financial statements.
29
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1985
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.
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.
30
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1985
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
non-current) associated with their activity are included
on their balance sheets. Their reported fund equity
(net total assets) is segregated into contributed
capital and retained earnings components. Proprietary
fund type operating 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.
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.
31
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1985
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.
Non-current 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 non-current
receivables is deferred until they become current
receivables. Non-current portions of long-term loans
receivable are offset by fund balance reserve accounts.
BASIS OF ACCOUNTING:
Bass 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 fund, expendable trust funds, and agency
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.
32
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1985
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
1985 payable in 1986; 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.
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.
33
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL. STATEMENTS (Continued)
Year Ended December 31, 1985
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 1985,
three 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 no later than November 15 and
payable in two installments on March 1 and August I , 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 valorem tax levies for county purposes, when
applied to the total valuation for assessment of the County,
shall be reduced so as to prohibit the levying of a greater
amount of tax revenue than was levied from ad valorem
taxation in the preceding year, plus five per cent (5%) ,
except to provide for the payment of bonds and interest. The
Board of County Commissioners may submit the question of an
increased levy to the County Council, and if in the opinion
of a majority of the County Council the county is in need of
additional funds, the Council may grant an increased levy for
the county in such amount as it deems appropriate, and the
county is authorized to make such increased levy.
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.
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.
34
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1985
The original January 1 , 1985 levies for the applicable funds
of the County are as follows:
Levy
Mills Amount
General Fund 12.158 $ 9,979,523
Road & Bridge 3.238 2,657,664
Social Services Fund 2.533 2,078,999
Capital Expenditures Fund .478 392,928
North Colorado Medical
Center Trust Fund .312 256,397
IGS - Insurance .623 511,095
TOTAL 19.342 $ 15,875,706
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".
35
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1985
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 whose date of hire is prior to
January 1 , 1985 is paid for 50% of accumulated sick-leave
hours up to the equivalent of one month. At December 31,
1985, the liability for accumulated sick-leave approximated
$657,407.
Unused vacation time is forfeited after 24 months from date
earned.
RESERVES:
Reserves for the County of Weld consist of:
Reserve for Advances - to Special Assessment Funds:
These reserves were established in conjunction with an
assessment initiated to a designated group of taxpayers.
As the assessments are collected, the advance is repaid.
Reserve for Encumbrances:
These reserves are established to record outstanding
encumbrances at year end.
Reserve for Prepaid Expenses:
These reserves are established to record all prepaid
postage on postage meter, and all insurance payments
that are made for advance periods.
Reserve for Claims:
These reserves are established for the self-insured
liability insurance fund. They are calculated by the
third party administration for claims received but
unsettled. The reserve for claims includes the
actuarially estimated liability for claims incurred but
not reported.
Reserve for Employee Benefits:
These reserves are established to record the actuarial
present value of accumulated plan benefits in the Weld
County Retirement Plan.
Reserve for Advances - to Internal Service Funds:
These reserves were established to record a temporary
loan of cash flow for a supply inventory.
36
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1985
Reserve for Contributions:
These reserves were established to record funds donated
to the County library for special purposes.
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 , 1986.
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.
37
- -� - - -
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1985
Note 2 - Individual Fund Interfund Receivable and Payable Balances:
Interfund receivable and payable balances at December 31, 1985 are
as follows:
Interfund Interfund
Receivables Payables
General Fund $ 198,440 $ 693,783
Special Revenue Funds:
Road and Bridge Fund 271,477 549,223
Social Services Fund 7,342 22,903
Contingent Fund 2,688 62,259
Public Health Fund 21,103 16,330
Library Fund 191 40,903
Human Resources Fund 177,301 112,807
Solid Waste Fund -0- 10,124
Housing Authority Fund 163 1,359
Capital Expenditures Fund 76,439 80,776
Special Assessment Funds:
Improvement District Number 1983-2
Elmore Road -0- -0-
Improvement District Number 1984-1
County Road 5 -0- 2,237
Internal Service Funds:
Motor Vehicle Fund 651,050 30,937
Printing and Supply Fund -0- 22
Computer Services Fund 177,836 235
Insurance Fund 2,450 2,135
Trust and Agency Funds:
Weld County Retirement Fund 28 -0-
Payroll Agency Fund 40,802 1,156
Health Insurance Fund -0- 121
Deferred Compensation Fund -0- -0-
TOTAL $1,627,310 $1,627,310
38
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1985
Note 3 - TRANSFERS:
Funds are transferred from one fund to support expenditures of
other funds in accordance with authority established for the
individual fund. Transfers within fund types have been
eliminated. A summary of interfund transfers by fund type is as
follows:
Transfer From Transfer To
Special Internal Capital Trust/
Operating General Revenue Service Projects Agency Total
Transfer:
General $ -0- $1,510,686 $351 ,100 $ 94,180 $ 30,156 $1,986,122
Special 310,000 1,409,042 -0- 300,000 200,000 2,219,042
Total: $310,000 $2,919,728 $351 ,100 $394,180 $230,156 $4,186,948
Residual
Equity:
General $ -0- $ -0- $ 4,899 $ -0- $ -0- $ 4,899
Capital
Projects -0- -0- 36,983 -0- -0- 36,983
Total $ -0- $ -0- $ 41 ,882 $ -0- $ -0- $ 41 ,882
Note 4 - Changes in General Fixed Assets:
A summary of changes in general fixed assets follows:
Balance Balance
1/1/85 Additions Deletions 12/31/85
Land $ 1,494,618 $ 82,609 $ -0- $ 1,577,227
Land improvements 205,361 1,105 -0- 206,466
Buildings 16,619,667 1,231,989 -0- 17,851 ,656
Equipment and
furniture 2,396,306 460,027 81,991 2,774,342
Total $20,715,952 $1,775,730 $ 81,991 $22,409,691
Transfers among departments of $86,480 are not included above.
39
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1985
Note 5 - Capital Lease Obligation:
During 1985, Weld County entered into two separate agreements for
the lease of phone systems. The terms of each agreement provide
options to purchase the equipment at any time during the five or
seven year lease term. Both leases meet the criteria of a capital
lease as defined by Statement of Financial Standards No. 13
"Accounting for Leases," which defines a capital lease generally
as one which transfers benefits and risks of ownership to the
lessee. As such $219,949 has been capitalized as equipment in the
general fixed assets account group.
The following is a schedule of the future minimum lease payments
under the capitalized leases together with the present value of
the net minimum lease payments as of December 31, 1985
Human Social
Year Ending December 31, Resources Services Total
1986 $ 17,801 .76 $ 29,645.16 $ 47,446.92
1987 17,801.76 29,645.16 47,446.92
1988 17,801.76 29,645. 16 47,446.92
1989 17,801.76 29,645.16 47,446.92
1990 16,318.28 29,645.16 45,963.44
1991 0.00 29,645.16 29,645.16
1992 0.00 27,261.59 27,261.59
Total minimum lease payments $ 87,525.32 $205,132.55 $292,657.87
Less: Amount representing
interest (18,036.23) (56,662.77) (74,699.00)
Present value of net minimum
lease payments $ 69,489.09 $148,469.78 $217,958.87
40
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1985
Note 6 - Changes in Long-Term Debt:
The following is a summary of long-term debt transactions of the
County of Weld for the year ended December 31 , 1985:
Balance Balance
1/1/85 Additions Reductions 12/31/85
General Fund:
sick/vacation
accrual $ 427,676 $ 40,317 $ -0- $ 467,993
Road & Bridge Fund:
sick/vacation
accrual 136,919 7,560 -0- 144,479
Social Services Fund:
sick/vacation
accrual 269,926 16,002 -0- 285,928
Phone lease
purchase -0- 149,542 3,205 146,337
Health Fund:
sick/vacation
accrual 47,376 -0- 1,337 46,039
Library Fund:
sick/vacation
accrual 12,526 3,981 -0- 16,507
Housing Authority
Fund:
sick/vacation
accrual 3,147 2,364 -0- 5,511
Human Resources
Fund:
Phone lease
purchase -0- 70,407 918 69,489
TOTAL $897,570 $290,173 $ 5,460 ' $1 ,182,283
Sick and vacation accrual for Government Fund types are recorded
in this fund together with the capital lease obligations for
government funds. Weld County has no bonded indebtedness. In
accordance with Section 30-35-201 , CRS, 1973, Weld County's
general bonded indebtedness is 3% of the assessed valuation or
$24,622,434 as of December 31, 1985.
41
— -- -
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1985
Note 7 - Reserves by Fund Types:
The following is the nature and purpose of all reported reserves
by fund type:
Special Capital Internal Trust and
Reserves General Revenue Projects Service Agency Total
Adv to Spec
Asmt Fund $ 6,738 $ -0- $ -0- $ -0- $ -0- $ 6,738
Encumbrances 78,737 444,267 55,463 -0- -0- 578,467
Prepaid
Expenses 21 ,556 19,227 -0- -0- -0- 40,783
Claims -0- -0- -0- 503,200 80,877 584,077
Employee
Benefits -0- -0- -0- -0- 10,070,430 10,070,430
Adv to Int
Svc Fund 80,000 -0- -0- -0- -0- 80,000
Contributions -0- 2,599 -0- -0- -0- 2,599
TOTAL $187,031 $466,093 $55,463 $503,200 $10,151 ,307 $11,363,094
Note 8 - Other Required Individual Fund Disclosures:
The deficit fund balance of the Special Assessment Funds
(Improvement District Number 1981-2 Elmore Road - $2,931 , and
Improvement District Road 5 - $884,208) 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 $ 473,270 $ 475,112 $ 1,842
Contingency Fund 810,405 816,189 5,784
This excess of expenditures over appropriations in the Library
Fund is attributable to the close-out of the county library
operation due to the creation of a library district in portions of
Weld County that assumed library service responsibilities
effective January 1, 1986. Excess expenditures in the Contingency
Fund was caused by a court-ordered abatement of prior year taxes.
42
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1985
In-kind contributions and expenditures are not included as
budgetable items.
The District Court, County of Weld, State of Colorado in a Court
Order dated January 28, 1983 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.
Note 9 - 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 $15,711,758 $ 1,771,725 $17,483,483
Special Revenue Funds:
Road and Bridge Fund 8,979,786 1,238,130 10,217,916
Social Services Fund 13,359,900 274,464 13,634,364
Federal Revenue
Sharing Fund 1,406,476 5,226 1,411,702
Conservation Trust Fund 195,304 -0- 195,304
Contingent Fund 810,405 -0- 810,405
Public Health Fund 1 ,242,625 13,182 1,255,807
Library Fund 434,702 38,568 473,270
Human Resources Fund 2,646,436 2,930,078 5,576,514
Solid Waste Fund 200,000 -0- 200,000
Capital Projects Funds:
Capital Expenditures Fund 716,367 522,145 1 ,238,512
Special Assessment Funds:
Elmore Road -0- 3,500 3,500
County Road 5 -0- 291,250 291,250
Internal Service Funds:
Motor Vehicle Fund 2,032,812 513,624 2,546,436
Printing and Supply Fund 156,533 1,000 157,533
Computer Services Fund 2,248,655 4,526 2,253,181
Insurance Fund 652,575 -0- 652,575
Trust and Agency Funds:
North Colorado Medical
Center Trust Fund 556,373 200,000 756,373
Health Insurance Fund 974,136 -0- 974,136
Housing Authority Fund -0- 734,769 734,769
TOTAL $52,324,843 $8,542,187 $60,867,030
43
. . _
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1985
Note 10 - 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, 1985 was $722,305. Based upon the actuarial
valuation report at December 31, 1985, 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, 1985, detailed below is the
aggregate of participants' accumulated benefits adjusted to
reflect the life expectancy of participants and discounted for the
time value of money (that is, interest) .
Actuarial Present Value of Accumulated Plan Benefits:
Vested Benefits:
Active members $ 5,604,737
Retired members and beneficiaries 3,442,526
Terminated vested members 30,810
Nonvested Benefits $ 992,357
Total Actuarial Present Value of
Accumulated Plan Benefits $10,070,430
44
a
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1985
The weighted average assumed rate of return used in determining
the actuarial present value of accumulated plan benefits was 7i%.
Note 11 - Contingent Liabilities:
Effective January 1, 1984, in accordance with the provisions of
Section 24-52-101, et. seq. , CRS, 1973, and as provided in Section
457 of the Internal Revenue Code of 1954, as amended, the County
of Weld established the Deferred Compensation Plan of the County
of Weld. The plan is a special voluntary benefit plan for public
employees, in which a portion of the employee's earnings can be
set aside and invested, free of current income taxes. Up to 25%
of the employee's gross income can be deferred, not to exceed
$7,500 annually. Compensation deferred by a participant under the
plan and earnings on deferred amounts must remain solely the
property of Weld County until paid to the participant or the
participant's beneficiary.
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 $340,000.
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,
Department of Housing and Urban Development, 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 , 1985 are in process but
not yet completed. Upon completion the single audit will be
attached to these general purpose financial statements.
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.
45
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1985
Note 12 - Industrial Revenue Bonds:
Weld County is associated with two Industrial Revenue Bond
issues totaling $1 ,275,000 for Weld Mental Health and Colorado
Counties, Inc. The county shall not be subject to any pecuniary
liability, any charge against its general credit or taxing powers,
nor be obligated financially in any way; except with respect to
the project, application of revenues therefrom, and the proceeds
of the bonds.
Note 13 - Subsequent Events:
On September 11 , 1986, the Board of County Commissioners of Weld
County, together with seven municipalities, created the Weld
Library District in accordance with Section 24-90-101, CRS, 1973.
The Library District is an autonomous governing board with the
power of taxation. The Weld Library Board did levy one and
one-half mills for 1986. Weld County Library operations were all
transferred to the new district January 1 , 1986.
On January 7, 1986 Weld County issued $2,675,000 in Tax
Anticipation Notes for the General Fund. The notes have an
interest rate of 6.5Z and are all due and payable December 31 ,
1986. The notes were issued in anticipation of the receipts of ad
valorem taxes on real or personal property and other monies to be
credited to the general fund during the current fiscal year in
order to provide funds to meet and defray properly incurred and
budgeted ordinary and necessary current operating expenses and
current contractual obligations of the county. The notes were
issued in accordance with Section 29-15-1 , CRS, 1973 and pursuant
to Sections 1 .103-13 and 1 . 103-14 of the Treasury Regulations
promulgated under Section 103(c) of the Internal Revenue Code of
1954.
46
COMBINING STATEMENTS,
INDIVIDUAL FUND AND
ACCOUNT GROUP
STATEMENTS ,
AND SCHEDULES
4*41
Plc
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.
IL 44
COLORADO
COUNTY OF WELD
STATE O CL
GENERAL FUND
BALANCE SHEET
December 31, 1985 and 1984
1985 1984
ASSETS
ASSETS:
Cash with treasurer $ 1,206,795 $ 799,141
Cash - other 120,083 144,705
Receivables (net where applicable of allowance
for uncollectables):
Accounts - ambulance service 252,286 177,697
Accounts - other 117,286 140,320
Current property taxes 10,165,112 9,979,523
Delinquent property taxes 190,169 131,575
Due from other governmental funds 235,312 804,700
Due from other county funds 198,440 177,992
Inventories 32,248 19,302
Advance to Other Funds 86,738 8,974
Prepaid expenses 21,556 .24,575
TOTAL ASSETS $12,626,025 $12,408,504
LIABILITIES AND FUND BALANCE
LIABILITIES:
Vouchers payable $ 154,800 $ 205,306
Accrued liabilities 463,398 441,444
Due to other governmental units 114,253 - 145,653
Due to other county funds 693,783 419,287
Deferred revenue 10,340,958 9,991,598
Unexpended grant revenue
120,619 59,706
TOTAL LIABILITIES 11,887,811 11,262,994
FUND BALANCE:
Reserved for advance to Other Funds 86,738 8,974
Reserved for encumbrances 78,737 41,163
Reserved for prepaid expenses 21,556 24,575
Unreserved:
Designated for subsequent year's expenses 270,000 174,666
Undesignated 281,183 896,132
TOTAL FUND BALANCE 738,214 1,145,510
TOTAL LIABILITIES AND BALANCE $12,626,025 $12,408,504
The Notes to Financial Statements are an integral part of this schedule.
47
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
REVENUE: ---
Taxes $ 10,099,523 $ 9,873,318 $ (226,205) $ 9,463,456
Licenses and permits 348,250 368,239 19,989 337,700
Intergovermental revenue 1,134,586 891,822 (242,764) 687,986
Charges for services 1,095,783 1,157,164 61,381 1,024,306
Fines and forteitures 33,648 69,455 35,807 29,412
Miscellaneous revenue 2,109,645 2,190,774 81,129 2,548,257
Fee accounts 1,563,975 1,631,937 67,962 1-,533,455
Total Revenue 16,38S?410 16,182709 (202,701) 15,624,572
EXPENDITURES:
Current Operating:
General government 6,495,917 6,120,746 375,171 6,082,536
Public safety 7,691,716 7,283,096 408,620 6,294,660
Public works 568,002 518,699 49,303 503,880
Public health and welfare 166,045 116,045 50,000 69,458
Miscellaneous 437,060 658,426 (221,366) 280,979
Culture and recreation 72,846 95,622 (22,776) 113,532
Conservation of natural resources 10,264 10,264 0 10,096
Capital outlay 139,137 110,985 28,152 114,298
Total Expenditures 15,580,987 14,913,883 667,104 _ 13,469,439
EXCESS REVENUE OVER (UNDER) EXPENDITURES 804,423 1,268,826 464,403 2,155,133
OTHER FINANCING SOURCES:
Operating transfers-in 310,000 310,000 0 0
Operating transfers-out (1,9022496) (1,986,122) (83,626) (2,169,548)
Total Other Financing Sources (1,592,496) (1,676,122) (83,626) (2,169,548)
EXCESS REVENUE OVER (UNDER) EXPENDITURES
AND OTHER USES (788,073) (407,296) 380,777 (14,415)
FUND BALANCE AT BEGINNING OF PERIOD 1,145,510 1,145,510 0 1,159,925
ENDING FUND BALANCE $ 357,437 $ 738,214 $ 380,777 $ 1,145,510
The Notes to Financial Statements are an integral part of this schedule.
48
---- -
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
TAXES: -
General property taxes $ 9,979,523 $ 9,793,702 $ (185,821) $ 9,353,373
Severance tax 46,000 17,988 (28,012) 46,701
Tobacco products 74,000 61 628 (12 372) 63,382
, _
Total Taxes 10,099,523 9,873,318 (226,205) _ 9,463,456
LICENSES AND PERMITS:
Business licenses and permits:
Business licenses-liquor 7,000 5,455 (1,545) 3,636
Nonbusiness licenses and permits:
Building permits 240,000 249,274 9,274 235,827
Electrical permits 55,000 52,459 (2,541) 63,751
Planning commission permits 46 250 61,051 - 14,801 - 34,486
Total Licenses and Permits 348,250 368,239 19,989 337,700
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
IV-D Incentive 132,400 114,805 (17,595) 178,921
State operating grants:
Community Corrections 243,300 233,383 (9,917) 71,911
Juvenile Diversion 42,051 40,177 (1,874) 48,298
LEAF 36,492 38,664 2,172 30,307
Job Diversion 316,000 244,099 (71,901) 218,781
Energy Impact 207,758 56,257 (151,501) 0
Other 53,203 48,075 (5,128) 47,390
State shared revenues:
State shared salaries 38,600 38,419 (181) 28,650
Local revenue:
Cities and towns 64 ,
782 77943 13,161 63,728
Total Intergovernmental Revenue 1,134,586 _.....2.39322. - (242,764) 687,986
CHARGES FOR SERVICES:
Social Services 36,800 57,243 20,443 70,931
Rescue unit fees 767,260 850,484 83,224 733,363
Public safety 185,148 140,538 (44,610) 16,288
Other 106, _ ,
575 108899 2 324 203,724
Total Charges for Services 1095, , ,
783 1 157 164 61381 1024,306
, -.
FINES AND FORFEITURES:
DUI fines 18,750 56,216 37,466 29,412
Other 14,898 13,239 (1,659) 0
Total Fines and Forfeitures 33,648 69,455 35,807 29,412
MISCELLANEOUS REVENUE:
Earnings on investments 1,120,000 1,070,210 (49,790) 1,537,033
Rents 230,945 247,514 16,569 144,010
Royalties 385,000 419,761 34,761 380,094
A-87 cost plan 230,000 250,202 20,202 279,594
A-87 in-kind 0 0 0 63,201
Other ---2 203,087 59,387 144 325
Total Miscellaneous Revenue _ 2,109,645 2,190,774 81,129 2,548,257
FEE ACCOUNTS:
Sheriff's fees 104,975 119,041 14,066 111,652
Clerk and recorder fees 1,050,000 1,094,566 44,566 1,031,075
Treasurer fees 383,000 392,822 9,822 366,895
Assessor's fees 26,000 25,508 (492) _ 23,833
Total Fee Accounts _ ,
_ 1,563,975 1,631,937 67962 1,533,455
TOTAL REVENUE $ 16,385,410 "--:.6_0._-82.21a -S--_22.2_,M) $ 15,624,572
The Notes to Financial Statements are an integral part of this schedule.
49
Am - - - ". ,_
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
GENERAL GOVERNMENT:
Commissioners-office of the board S 244,424 $ 232,102 $ 12,322 $ 210,287
County Attorney 276,955 273,113 3,842 238,849
Public Trustee 2,500 984 1,516 2,162
Planning and zoning 258,173 238,150 20,023 186,214
County Clerk 1,058,767 1,036,285 22,482 986,903
Elections and registration 108,219 101,917 6,302 249,961
County Treasurer 457,861 367,274 90,587 473,004
County Assessor 902,575 838,522 64,053 718,805
Maintenance of buildings and grounds 1,063,826 994,751 69,075 1,012,238
County Council 28,209 17,349 10,860 14,797
District Attorney 888,172 863,805 24,367 778,879
Juvenile Diversion 124,176 123,074 1,102 130,992
Victim Aasistance 1,274 1,356 x(82) 0
Financial administration 124,627 119,854 4,773 139,556
General accounting 273,611 270,065 3,546 301,011
Purchasing 127,755 123,930 3,825 131,574
Personnel 295,306 288,210 7,096 180,068
PBX phone service 259 487 230005 29 482 327236
, ,
Total General Government 6,495, , , , , ,
917 6 375171 6
PUBLIC SAFETY:
Sheriff administration 1,104,685 1,084,774 19,911 908,247
Crime control and investigation 1,797,682 1,773,158 24,524 1,641,568
Possee-special deputies 2,759 944 1,815 8,313
Regional forensic lab 58,297 55,584 2,713 0
Communications services 587,353 567,694 19,659 500,145
Communication system development 175,800 59,312 116,488 0
Ambulance services 903,510 851,691 51,819 780,902
County Coroner 57,100 54,934 2,166 52,785
Correctional administration 1,971,318 1,912,493 58,825 1,712,739
Community Corrections 243,300 236,161 7,139 83,508
Delinquents and other institutions 164,343 152,670 11,673 140,394
Public Service - DUI 48,225 44,799 3,426 25,150
Building inspection 255,460 221,168 34,292 231,988
Civil defense 40,354 36,050 4,304 30,098
Energy Impact-Hasmat 82,758 33,719 49,039 0
Predatory animal control 8,000 8,000 0 12,000
Animal control 67,500 67,500 0 63,600
Pest and weed control 123,272 122 445 827 _ 103,223
Total Public Safety 7,691, , , _
716 7 408 620 6,294,660
(Continued on next page)
50
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
PUBLIC WORKS:
General engineering $ 295,210 $ 260,870 $ 34,340 $ 263,546
Extension services 167,630 159,560 8,070 153,735
Veterans' office 45,162 38,269 6,893 46,599
Airport 60, _ , ,
000 60000 0 40000
Total Public Works 568002 518, , _
699 49303 503,880
, _
PUBLIC HEALTH AND WELFARE:
Mental Health 69,458 69,458 0 69,458
Developmentally disabled 36,587 36,587 0 0
Seniors program 10,000 10,000 0 0
Patient advocacy 50 000 0 50000 0
,
Total Health and Welfare 166045 116045 50000 69458
, , , ,
MISCELLANEOUS:
IRB building rent 103,545 103,545 0 0
Other 333,515 _ 554,881 (221,366) _ 280,979
Total Miscellaneous 437,060 658,426 (221,366) _____212212
CULTURE AND RECREATION:
Exhibition building 41,122 20,503 20,619 33,737
Missile site park 5,000 4,348 652 2,520
County fair 26,724 70,771 (44,047) _. _ 77,275
Total Culture and Recreation 72846 95622 (22 776) 113532
, ., , ,
CONSERVATION OF NATURAL RESOURCES:
Northern Colorado Research Center 3,000 3,000 0 3,000
West Greeley Soil Conservation 7264 _ 7,264 0 7,096
, _
Total Conservation of
Natural Resources 10264 10264 0 10096
, , ,
CAPITAL OUTLAY:
Equipment -...... .....---2.--..139137 107,286 31,851 114,298
Total Capital Outlay 139 137 107286 31851 114298
, , ,
TOTAL EXPENDITURES $ 15 580 987 $ 14,910,184 $ 670,803 $ 13,469,439
The Notes to Financial Statements are an integral part of this schedule.
(Continued from Preceeding Page)
51
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
Schedule of Operating Transfers-Out Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual _ Variance Actual
OPERATING TRANSFERS-OUT:
Library Fund $ 390,302 $ 357,078 $ 33,224 $ 372,739
Public Health Fund 755,986 755,986 0 751,426
Human Resources 325,108 394,934 (69,826) 400,499
Retirement Fund 0 30,156 (30,156) 93,754
Computer Services Fund 350,000, 350,000 0 372,725
Contingent 0 2,688 (2,688) 128,405
Capital Expenditures 80,000 94,180 (14,180) 50,000
Motor Pool 1, ,
100 1100 0 0
TOTAL OPERATING TRANSFERS-OUT $ 1,902,496 $ 1,986,122 S (83 626) $ 2,169,548
Schedule of Operating Transfers-In Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OPERATING TRANSFERS-IN:
Contingent Fund $ p 310, -000 $ 310,000 $ $ 0
TOTAL OPERATING TRANSFERS-IN $ 310, ,
000 $ 310000 $ 0 $ 0
The Notes to Financial Statements are an integral part of this schedule.
52
�_ - dill
SPECIAL REVENUE
FUNDS
Special Revenue Funds are established to account for taxes or other earmarked
revenues of the County which finance specified activities as required by law
or administrative action.
A lb%r
run
111k.
COLORADO
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1985
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.
54
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS - CONTINUED
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.
Housing Authority Fund:
The Housing Authority Fund accounts for various federal housing grants
- primary funding agent is HUD.
•
55
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FENDS
COMBINING BALANCE SHEET
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
Federal
Road and Social Revenue Conservation
Bridge Services Sharing Trust Contingent
Fund Fund Fund Fund Fund ASSETS
ASSETS:
Cash with Treasurer $ 2,173,953 $ 1,346,469 $ 4,307 $ 158,617 $ 59,571
Cash - other 4,156 4,343 0 0 0
Receivables (net where
applicable of allowance
for uncollectibles):
Accounts 36,925 1,441 0 0 0
Current property taxes 2,783,421 2,134,642 0 0 697,889
Delinquent property
taxes 51,047 40,779 0 0 1,924
Due from other govern-
mental units 282,080 104,187 346,656 0 0
Due from other county funds 271,477 7,342 0 0 2,688
Inventories 573,859 0
Prepaid expenses 0 0 0
0 0 0 0 0
Advances to other funds 0 0 0 0 0
TOTAL ASSETS $__ 6,176,918 $ 3,639,203 $ 350,963 P-1-.:.-.158 .61.-7. .1.--...7-62.142.72-
LIABILITIES AND FUND BALANCE
LIABILITIES:
Vouchers payable $ 152,855 $ 3,884 $ 0 $ 0 $ 0
Accrued liabilities 106,053 30,372 0 0 0
Due to other governmental
units 0 1,241,148 0 0 0
Due to other county funds 549,223 22,903 0 0 62,259
Deferred revenue 2,863,381 2,188,655 0
Other liablilities 0 17,651 0 00 699,813
Total Liabilities 3 673 12 3,504,613 0 0 762,072
FUND BALANCE:
Reserved:
Reserved for
contributions 0 0 0 0 0
Reserved for encumbrance 436,317 0 0 0 0
Reserved for prepaid
expenses
Unreserved: 0 0 0 0 0
Designated for subsequent
year's expenditures 162,443 0 352,143 28,222 0
Undesignated 1 904,646 134,590 {1,180) 130,395 0
Total Fund Balance 2,503, _406 134,590 350,963 158,
617
0
TOTAL LIABILITIES AND
FUND BALANCE $ 6.176,918 $ 3,639,203 $ 350,963 $ 158,617 $ 762,072
The Notes to Financial Statements are an integral part of this schedule.
56
Memorandum Total
Public Human Solid Housing Fiscal Fiscal
Health Library Resources Waste Authority Year Year
Fund Fund Fund Fund Fund 1985 1984
S 212,431 $ 75,297 $ 355,696 $ 65,894 $ 46,961 4,231,773$ 4,499,196 $ 4 231 773
200 50 75 0 12,319 21,143 21,357
33,815 4,006 75,371 26,358 0 177,916 1,582,064
0 0 0 0 0 5,615,952 4,742,764
O 0 0 0 0 93,750 65,410
179,412 0 1,466,500 0 363,146 2,741,981 1,639,032
21,103 191 177,301 0 163 480,265 290,154
23,401 0 0 0 0 597,260 618,264
0 59 514 0 18,654 19,227 1,575
0 0 0 75,000 0 75,000 0
1__11(22.2l $ 79,603 $2,075,457 1.....l67,252 $ 441,243 $ 14,32 690 1-11011121
$ 16,119 $ 26,063 $ 81,736 $ 53 $ 28,537 $ 309,247 $ 291,127
30,951 12,637 113,374 0 2,046 297,433 312,111
O 0 2,871 0 0 1,244,019 710,193
16,330 40,903 112,807 10,124 1,359 815,908 669,605
141,168 0 948,857 75,000 374,408 7,291,282 6,539,647
0 0 49,886 0 0 67,537 55,525
204,568 79,603 1x309,531 85,177 406,350 10,025,426 8578,208
O 2,599 0 0 0 2,599 0
7,950 0 0 0 0 444,267 181,510
O 59 514 0 18,654 19,227 1,576
2,000 0 0 0 0 544,808 989,924
255,844 (2,658) 765,412 82,075 16,239 3,285,363 3,441,175
265,794 0 765,926 _ 82,075 34,893 4,296,264 4,614,185
$ 470,362 L.-212±22. $2,075,457 $ 167,252 $ 441,243 $ 14,321,690 1-11021212
57
COUNTY OF WELD
S Z, L
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
Federal
Road and Social Revenue Conservation
Bridge Services Sharing Trust Contingent
Fund Fund Fund Fund Fund
REVENUE:
Taxes $ 3,556,711 $ 2,195,801 $ 0 $ 0 $ 1,322
Licenses and permits 347,156 0 0 0 0
Intergovernmental revenue 3,265,800 10,258,673 1,402,773 151,033 0
Charges for services 2,773 0 0 0 0
Fines and forfeitures 0 0 0 0 0
Miscellaneous revenue 13,615 0 0 9,075 0
Total Revenue 7,186,055 12,454,474 1,402,773 160,108 1,322
EXPENDITURES:
Current Operating:
Public works 8,029,280 0 0 0 0
Public health and welfare 0 12,499,014 0 0 0
Culture and recreation 0 0 0 160,339 0
Economic assistance 0 0 0 0 0
Miscellaneous 6,848 62,431 0 0 6,189
Inteagovernmental
expenditures 465,517 0 0 0 0
Total Operating Expenses 8,501,645 12,561,445 0 160,339 6,189
CAPITAL OUTLAY:
Machinery & Equipment 0 149,542 0 0 0
Total Capital Outlay 0 149,542 0 0 0
Total Expenditures 8,501,645 12 77100998_7 0 160,339 0
EXCESS (DEFICIENCY) OF
REVENUE OVER (UNDER)
EXPENDITURES (1,315,590) (256,513) 1,402,773 (231) (4,867)
OTHER FINANCING SOURCES (USES):
Operating transfers-in 1,409,042 0 0 0 2,688
Operating transfers-out 0 0 (1,409,042) 0 (810,000)
Inception of lease-purchase
agreements 0 1542 0 0 0
Total Other Financing
Sources (Uses) 1,409,042 149,542 (1,409,042) 0 (807,312)
EXCESS (DEFICIENCY) OF
REVENUE OVER (UNDER)
EXPENDITURES AND
OTHER USES 93,452 (106,971) (6,269) (231) (812,179)
FUND BALANCE AT BEGINNING
OF PERIOD 2409,954 241,561 357,232 158,848 812,179
FUND BALANCE AT END
OF PERIOD 1_122222±t $ 134,590 1___1221.1t1 S 158,617 $ 0
The Notes to Financial Statements are an integral part of this schedule.
58
Memorandum Total
Public Human Solid Housing Fiscal Fiscal
Health Library Resources Waste Authority Year Year
Fund Fund Fund Fund Fund 1985 1984
$ 0 S 0 $ 0 $ 0 $ 0 $ 5,753,834 $ 5,688,178
735 0 0 0 0 347,891 332,234
358,171 10,054 2,930,727 0 504,079 18,881,310 18,596,630
170,445 37,850 185,282 119,767 0 516,117 517,214
0 8,806 0 0 0 8,806 8,180
279 23861 _ 149,245 0 2,225 198 300 694,301
529,630 80,571 3265=254 119,767 506,304 25,706,258 25,836,737
O 0 0 0 0 8,029,280 7,632,234
1,133,551 0 0 0 0 13,632,565 13,730,248
0 475,112 0 0 0 635,451 631,882
0 0 3,355,100 0 499,760 3,854,860 3,764,925
0 0 0 90,496 11,635 177,599 0
O 0 0 0 0 465,517 415,102
1,133,551 475,112 3.355,100 90,496 -__ 3-1-..:.222.2. 26,795,272 -25-222211.211--
0
0 0 0 0 149,542 0
O 0 0 0 0 149,542 0
1,133,551 475,112 3� 35 100 90,496 499,760 26,944,814 26,174391
(603,921) (394,541) (89,846) 29,271 (5,091) (1,238,556) (337,654)
755,986 357,078 394,934 0 0 2,919,728 3,073,977
0 0 0 0 0 (2,219,042) (1,792,221)
O 0 70,407 0 0 219,949 0
755,986 357,078 465,341 0 0 920,635 1,281,756
152,065 (37,463) 375,495 29,271 (5,091) (317,921) 944,102
___ 1...;_j____13729 37,463 -----222.4.21 52,804 39,984 4614,185 3,670,083
$ 265,794 $ 0 .1.--a5,926 1----I2,075 $ 34,893 $ 4,296,264 $ 4,614,185
59
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
ROAD AND BRIDGE FUND
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
TAXES:
General property taxes $ 2,657,664 $ 2,607,595 $ (50,069) S 2,548,534
Specific ownership taxes 780,000 949,116 169,116 889,838
Total Taxes 3,437,664 3,556,711 119,047 3,438,372
LICENSES AND PERMITS:
Nonbusiness licenses and permits:
Moving permits 180,000 347L 156--- 167 156 332,234
Total Licenses and permits 180,000 347,156 167 156 332,234
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
Bridge grant 0 0 0 78,511
Bankhead-Jones Grazing Act 38,133 42,720 4,587 43,202
Mineral leasing act 65,000 37,130 (27,870) 89,412
Federal payments in lieu of taxes 10,000 9,737 (263) 0
State shared revenues:
Highway users tax 2,820,049 2,693,303 (126,746) 3,027,821
Motor vehicle registration fees 183,000 190,819 7,819 192,787
Highway user-bridge special 656,944 171,003 (485,941) 284,343
Energy Impact - PMS 150 000 121,088 (28,912) 0
Total Intergovernmental Revenue 3,923,126 3,265,800 (657,326) 3,716,076
CHARGES FOR SERVICES:
County roads and highways:
Other 2,000 2,773 773 5,036
Total Charges for Services 2,000 2,773 773 5,036
MISCELLANEOUS REVENUE:
Miscellaneous 5,000 13,615 8,615 16,708
Total Miscellaneous Revenue 5,000 13,615 8,615 16 708
TOTAL REVENUE $ 7,547,790 $ 7 186 055 $ (361,735) $ 7,508,426
The Notes to Financial Statements are an integral part of this schedule.
60
COUNTY OF WELD
SLATE
SPECIAL REVENUE FUNDS
ROAD AND BRIDGE FUND
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
PUBLIC WORKS:
Bridge construction $ 856,173 $ 782,289 $ 73,884 $ 742,441
Maintenance of condition 1,682,454 1,694,306 (11,852) 1,570,964
Maintenance support 794,526 601,997 192,529 511,100
Trucking division 1,303,584 1,161,012 142,572 1,399,629
Mining division 774,088 686,568 87,520 757,174
Administration 168,912 158,673 10,239 349,583
Other public works 4,171,735 2,944,435 1,227,300 2,301,343
Total Public Works 9,751,472 8,029,280 ___12.7.2.L. 2,91 7,632,234
MISCELLANEOUS:
Other 0 6,848 (6,848) 0
Total Miscellaneous 0 6,848 (6,848) 0
INTRAGOVERNMENTAL EXPENDITURES:
Grants-in-aid to cities/towns 466, , ,
444 465517 927 415102
Total Intragovernmental
Expenditures - 466,444 465,517 927 415,102
TOTAL EXPENDITURES $ 10,217,916 $ 8,501,645 1___1,71L271 $ 8,047,336
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OPERATING TRANSFERS-IN:
Federal Revenue Sharing Fund 1--. 1-7.21—.3--.11702. $ 1,409,042 $ (2,660) $ 1,420,908
TOTAL OPERATING TRANSFERS-IN $ 1,411,702 $ 1,409,042 $ (2,660) 1___L420,908
The Notes to Financial Statements are an integral part of this schedule.
61
COUNTY OF WELD
STATE OF COLORADO
SP!CIAL REVENUE FINDS
SOCIAL SERVICES FUND
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
TAXES:
General property taxes $ 2,078,999 $ 2,039,662 $ (39,337) $ 1,992,495
Specific ownership taxes 161,729 156,139 (5,590) 148,951
Total Taxes 2,240,728 2,195,801 (44,927) 2,141,446
INTERGOVERNMENTAL REVENUE:
State operating grants:
Administration 2,312,232 1,959,355 (352,877) 1,956,662
IV-D administration 182,140 255,139 72,999 204856
Aid to families w/dependent children 3,920,000 3,615,817 (304,183) 3,770,243
Aid to the blind 5,200 7,270 2,070 6,843
Aid to needy disabled 386,400 340,809 (45,591) 342,718
Day care-ordinary 281,600 266,182 (15,418) 222,666
Foster care 920,000 780,018 (139,982) 806,769
Old age pension 1,810,000 1,728,363 (81,637) 1,791,242
Medical transportation 17,000 13,447 (3,553) 15,803
Low energy assiatance 1,284,600 1,128,665 (155,935) 973,292
Jobs bill 0 0 0 46,470
Special energy assistance 0 (261) (261) 63,941
Federal Emergency Management Agency 24,464 25,563 1,099 0
Placement alternative care 0 134,706 134,706 0
Senate bill 138 0 3 600 3,600 0
Total Intergovernmental Revenue 11,143,636 10,258,673 (884,963) 10,201,505
TOTAL REVENUE $ 13,384,364 $ 12,454,474 $ (929,890) 1_11,2(212.221
Schedule of Other Financing Sources Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
Other Financing Sources:
Inception of lease-purchase agreement $ 0 $ 149,542 $ 149,542 $ 0
TOTAL OTHER FINANCING SOURCES $ 0 $ 149,542 $ 149,542 $ 0
The Notes to Financial Statements are an integral part of this schedule.
•
62
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FQNns
36 A _ b
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance _ Actual
PUBLIC HEALTH AND WELFARE:
Administration $ 2,964,400 $ 2,686,676 S 277,724 $ 2,594,344
IV-D administration 510,200 373,558 136,642 346,521
Aid to families w/dependent children 4,900,000 4,516,080 383,920 4,707,087
Aid to the blind 6,500 9,088 (2,588) 8,553
Aid to needy disabled 483,000 425,982 57,018 435,871
Day care-ordinary 352,000 332,728 19,272 278,851
Foster care 1,150,000 974,046 175,954 1,004,549
Old age pension 1,810,000 1,729,008 80,992 1,791,328
Medical transportation 17,000 13,469 3,531 15,803
General assistance 132,200 98,484 33,716 113,839
Low energy assistance 1,284,600 1,146,885 137,715 980,950
Jobs bill 0 0 0 42,279
Special energy assistance 0 (44) 44 51,455
Federal Emergency Management Agency 24,464 25,564 (1,100) 0
Placement alternative care 0 167,490 (167,490) 0
Total public Health and Welfare 13, , , , , ,
634364 12 11335350 12 371 430
MISCELLANEOUS:
Other 0 62,431 (62,431) 0
Total Miscellaneous 0 62,431 (62,431) 0
CAPITAL OUTLAY:
Machinery & Equipment 0 149542 (149 542) 0
, ,
Total Capital Outlay 0 ...... ---...--2.---149542 (149,542) 0
TOTAL EXPENDITURES $ 13,634,364 $ 121710,987 $ 923t ,
377 $ 12371,430
The Notes to Financial Statements are an integral part of this schedule.
63
COUNTY OF WELD
STXTE OF COLORADO
SPECIAL REVENUE FUNDS
FEDERAL REVENUE SHARING FUND
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
INTERGOVERNMENTAL REVENUE:
Federal entitlements $ 1,411,702 $ 1,402,773 $ (8,929) $ 1,415,841
TOTAL REVENUE $ 1,411,702 $ 1,402,773 L____117_3922) $ 1,415,841
Schedule of Operating Transfers-out Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
OPERATING TRANSFERS-OUT:
Road and Bridge Fund $ 1,411,702 $ 1,409,042 S 2,660 $ 1,417,221
TOTAL OPERATING TRANSFERS-OUT $ 1,411,702 $ 1,409,042 $ 2,660 $ 1,417,221
The Notes to Financial Statements are an integral part of this schedule.
64
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
CONSERVATION TRUST FM
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
INTERGOVERNMENTAL REVENUE:
State Lottery $ 195,304 $ 151,033 $ (44,271) $ 195,304
Total Intergovernmental Revenue 195, , ,
304 151033 (44 271) 195,304
MISCELLANEOUS REVENUE:
Earnings on Investments 0 9075 9075 18 544
, ,
Total Miscellaneous Revenue 0 9075 9075 18544
, , ,
TOTAL REVENUE $ 195,304 $ 160,108 $ (35,1.96) $ 213,848
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
CULTURE AND RECREATION:
Parks S 195,304 $ 160,339 $ 34,965 $ 193,100
Total Culture and Recreation 195,304 160 339 34,965 193,100
TOTAL EXPENDITURES $ 195,304 $ 160,339 $ 34,965 $ 193 100
The Notes to Financial Statements are an integral part of this schedule.
65
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
CONTINGENT FUND
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
TAXES:
General property taxes $ 0 $ 1,322 $ 1,322 $ 100,889
Specific ownership taxes 0 0 0 7471
,
TOTAL REVENUE $ 0 1.----.12_- 322 $ 1,322 1_____I08,360
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OPERATING TRANSFERS-IN:
General Fund $ 0 L------2.22. .. $ 21688 $_ 128,405
TOTAL OPERATING TRANSFERS-IN S 0 $ 2,688 $ 2,688 $ 128,405
Schedule of Operating Transfers-out Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
OPERATING TRANSFERS-OUT:
Capital Expenditures Fund $ 810,405 $ 300,000 $ 510,405 $ 200,000
General Fund 0 310,000 (310,000) 0
North Colorado Medical Trust Fund 0 200,000 (200,000) 0
TOTAL OPERATING TRANSFERS-OUT $ 810,405 §_____ _•000.2. S 405 $ 200 000
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
MISCELLANEOUS:
Other $ 0 S 6,189 §______ _8S9 $ 0
TOTAL EXPENDITURES $ 0 $ 6,189 1_____ 31) $ 0
The Notes to Financial Statements are an integral part of this schedule.
66
COUNTY OF WELD
StATE OF COLORADO
SPECIAL REVENUE FUNDS
SIC HEALTH FUND
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
LICENSES & PERMITS:
Health license $ 0 $ 425 $ 425 $ 0
Animal license 0 310 310 0
Total licenses & permits 0 735 735 0
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
EPA 0 0 0 13,457
State operating grants:
State per capita 155,586 157,290 1,704 152,782
Family planning 157,382 131,865 (25,517) 92,934
Other 27,690 41,359 13,669 109,736
Local:
Other 27,456 27,657 201 26753
,
Total Intergovernmental Revenue 368 114 358,171 (9,943) 395,662
CHARGES FOR SERVICES:
Health:
Laboratory 0 0 0 760
Environmental Health 79,450 105,795 26,345 82,906
Other 41 000 64,650 23,650 49,298
Total Charges for Services 120 450 170, , ,
445 49995 132964
MISCELLANEOUS REVENUE:
Donations 0 100 100 0
Other 7 100 179 (6,921) 8,966
Total Miscellaneous Revenue 7100 279 (6 821) 8 966
, ,
TOTAL REVENUE S 495,664 $ 529,630 $ 33,966 $ 537,592
•
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OPERATING TRANSFERS-IN:
General Fund S 755,986 $ 755,986 $ 0 $ 751,426
TOTAL OPERATING TRANSFERS-IN $ 755,986 $ 755,986 $ 0 s 751426
,
The Notes to Financial Statements are an integral part of this schedule.
67
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
PUBLIC HEALTH FUND
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1964
Budget Actual Variance Actual
PUBLIC HEALTH AND WELFARE:
Administration $ 26,000 $ 10,451 $ 15,549 $ 14,484
Laboratory 2,467 0 2,467 144,821
Alcohol rehabilitation 0 0 0 155,652
General nursing 767,557 734,090 33,467 748,820
Environmental health 459,783 389,010 70,772 295,041
Total Public Health and Welfare 1,255,807 1 133 551 $ 122,255 1,358,818
TOTAL EXPENDITURES 1_121a2.1292 $ 1 L133.551 1_____1114/I1 $ 1,358,818
The Notes to Financial Statements are an integral part of this schedule.
•
68
COUNTY OF WELD
STATE OF COLORADO
SPttIAL REVENUE FUIDS
LIBRARY FUND
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
CHARGES FOR SERVICES:
Library use treasurer $ 27950 $ 37850 $ 9900 $ 25090
, , , ,
Total Charges for Services 27950 37850 9900 25090
, , , ,
FINES AND FORFEITURES:
Library fines 8000 8,806 806 8180
, ,
Total Fines and Forfeitures 8000 8, ,
806 806 8180
,
INTERGOVERNMENTAL REVENUE:
State grants 11,990 10,054 (1,936) 6,500
Total Intergovernmental Revenue 11990 10054 (1 936) 6 500
, , ,
MISCELLANEOUS:
Rent 2,500 2,519 19 2,523
Other 0 20,862 20,862 15,153
Donations 1,160 480 (680) 1,820
Total Miscellaneous Revenue 3660 23861 20201 19,496
, , ,
TOTAL REVENUE S 51,600 $ 80 571 $ 28,971 $ 59,266
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
CULTURE AND RECREATION:
Weld County Library $ 473,270 $ 475, , ,
112 $ (1 842) $ 419562
Total Culture and Recreation 473,270 475,112 (1,842) 419,562
TOTAL EXPENDITURES $ 473,270 $ 475,112 $ (1,842) $ 419,562
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OPERATING TRANSFERS-IN:
General Fund $ 390 302 $ 357,078 $ (33,224) $ 372,739
, w
TOTAL OPERATING TRANSFERS-IN $ 390,302 $ 357, __ , --a
—
The $ (33 224) $ 372739
The Notes to Financial Statements are an integral part of this schedule.
69
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
INTERGOVERNMENTAL REVENUE:
Federal operating grants:
Jobs Training Partnership Act $ 654,726 $ 0 $ (654,726) $ 0
Comprehensive Employment
Training Act 0 0 0 207,186
Headstart 1,284,578 903,226 (381,352) 512,378
Community Services Administration 0 0 0 642
Weatherization 0 0 0 1,451
Other 0 0 0 88
State operating grants:
Supplemental foods 225,937 116,517 (109,420) 120,301
Area Agency om Aging 467,692 361,338 (106,354) 354,051
Job service 443,759 311,925 (131,834) 237,949
Private Industry Council 0 0 0 29,298
Jobs Training Partnership Act 1,187,882 1,082,451 (105,431) 752,764
Community Services Administration 285,123 155,270 (129,853) 105,562
Weatherization 24,791 0 (24,791) 0
Welfare Diversion 306,952 0 (306,952) 0
Local sources:
Welfare diversion 257,932 0 (257,932) 10,634
Total Intergovernmental Revenue 5,139,372 2,930,727 (2,208,645) 2,332,304
CHARGES FOR SERVICES:
Headstart 0 0 0 20,340
Community Services Administration 0 0 0 25,330
Transportation 205,832 185,282 (20, —a
—
Total 122701
Total Charges for Services 205832 185282 (20 550) 168371
, , , ,
MISCELLANEOUS REVENUE:
Program income 0 80,324 80,324 62,870
Other Non-Federal income 0 68,921 68,921 0
Total Miscellaneous Revenue 0 149245 149 ,
245 62870
,
TOTAL BUDGETED REVENUE $ 5,345,204 $ 3,265,254 $ (2,079,950) $ 2,563,545
NON-FEDERAL IN-KIND CONTRIBUTIONS 472,367 565,539
TOTAL REVENUE $ 3737, , ,
621 $ 3129084
,
Schedule of Other Financing Sources Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OPERATING TRANSFERS-IN
General Fund $ 224,794
$ 394,934 $ 170,140 1.____2422219_
TOTAL OPERATING TRANSFERS-IN 22 40
794 394,934 170,140_ 0,499
OTHER
Inception of Lease-Purchase Agreement 0 70407 70407 0
, -----.-...-3.-...
TOTAL OTHER 0 70,407 70,407 0
TOTAL OTHER FINANCING SOURCES $ 224,794 $ 465,341 $ 240,547 $ 400,499
The Notes to Financial Statements are an integral part of this schedule.
70
COUNTY OF WELD
STATE OF COLOkADO
SPECIAL R1 EN't7E FUI)S
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Buffet Actual Variance Actual
ECONOMIC ASSISTANCE:
Comprehensive Employment and
Training Act $ 0 S 0 $ 0 $ 207,186
Community Services Administration 285,123 155,270 129,853 106,204
Headetart 1,287,556 894,412 393,144 532,842
Weatherization 24,791 25,429 (638) 1,451
Supplemental Foods 226,007 99,813 126,194 116,099
Area Agency on Aging 478,109 459,878 18,231 435,272
Job Service 661,259 311,925 349,334 237,949
Transportation 205,832 43,899 161,933 53,905
Private Industry Council 0 0 0 29,298
Jobs Training Partnership Act 2,149,877 1,082,451 1,067,426 752,764
Welfare Diversion 257,932 205,246 52,686 346,768
Other 28 76777 (76 749) 55101
, , ,
TOTAL BUDGETED EXPENDITURES S 5,576,514 3,355,100 $ 2,221,414 2,874,839
In-Rind expenditures:
Comprehensive Employment and
Training Act 0 8,705
Community Services Administration 194,595 265,215
Headstart 159,452 178,752
Supplemental Foods 3,453 4,253
Area Agency on Aging 80,334 74,571
Job Service 11,050 13,035
Jobs Training Partnership Act 23483 21008
, ,
Total Economic Assistance 472367 565539
, -----_---1...=.
TOTAL EXPENDITURES $ 3,827,467 $ 3,440,378
The Notes to Financial Statements are an integral part of this schedule.
71
Am Ah. a _r
COUNTY OF WELD
STATE OF COLAAbO
SPECIAL REVENUE FONDS
SOLID WASTE ?UND
Schedule of Reven,e Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
CHARGES FOR SERVICES:
Surcharge on dumping fees $ 200,000 $ 119,767 $ (80,233) 1_.----l85,753
Total Charges for Services 200,000 119,767 (80,233) 185,7533
TOTAL REVENUE $ 200,000 $ 119,767 $ (80,233) $ 185,753
Schedule of Operating Transfers-Out Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budpzet Actual Variance Actual
OPERATING TRANSFERS-OUT:
Road and Bridge Fund $ 0 $ 0 $ 0 $ 175,000
TOTAL OPERATING TRANSFERS-OUT $ 0 $ 0 $ 0 $ 175000
,
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
EXPENDITURES
Miscellaneous $ 200,000 $ 90,496 S 109,505 $ 0
TOTAL EXPENDITURES $ 200,000 $ 90,496 $ 109,505 $ 0
The Notes to Financial Statements are an integral part of this schedule.
72
i-. / rte._ s .... - �_
COUNTY OF WELD •
STATE OF COLoRAbO
SPECIAL REVENUE FUNDS
HOUSING AUTHORIT4 FUND
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
INTERGOVERNMENTAL REVENUE:
Federal Operating Grants:
HUD Section 8 $ 301,845 $ 249,132 $ (52,713) $ 172,954
Community Development Block Grant 309,558 175,075 (134,483) 159,924
Division of Housing 0 62,913 62,913 560
Housing Voucher 6,500 2,960 (3,540) 0
Rental Rehabilitation 0 13,999 13,999 0
Total Intergovernmental Revenue 617, 504---...-2-903 079 (113,824) 333,438
MISCELLANEOUS REVENUE:
Earnings on Investments 0 2225 2 225 2178
, ---s
—
Total Miscellaneous Revenue 0 2225 2225 2178
, , ,
TOTAL REVENUE 1----112021 1..- 56-2-.31:-.3± $ (111 599) 1----_21.5-11111
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
ECONOMIC ASSISTANCE:
HUD Section 8 $ 312,756 $ 244,859 $ 67,897 $ 164,063
Community Development Block Grant 312,600 175,075 137,525 159,924
Division of Housing 62,913 62,913 0 560
Housing Voucher 6,500 2,915 3,585 0
Rental Rehabilitation 40,000 13,998 26,002 0
Total Economic Assistance 734 769 499,760 235,009 324 547
a.---
MISCELLANEOUS:
Other 0 11 635 (11,635) 0
TOTAL EXPENDITURES ..1-2.2_1_4769. $ 511,395 $ 223,374 $ 324,547
The Notes to Financial Statements are an integral part of this schedule.
73
.......-......_.-...-0..
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.
1 ( t4D
41
10k
COLORADO
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1985
Capital Expenditures Fund:
This fund accounts for various capital improvement projects on County
property.
75
S .__
COUNTY OF WELD
STATE- OF COLORADO
CAP ROJECTS FUIOS
CAPITAL EXPE iITURES FUND
BALANCE SHEET
December 31, 1985 and 1984
ASSETS
1985 1984
ASSETS:
Cash with treasurer $ 90,242 $ 285,576
Receivables (net where applicable
of allowance for uncollectibles):
Current property taxes 557,220 394,798
Delinquent property taxes 5,975 0
Due from other governments 51,800 0
Due from other funds 76,439 0
TOTAL ASSETS $ 781,676 $ 680,374
LIABILITIES AND FUND BALANCE
LIABILITIES:
Vouchers payable $ 79,746 $ 5,825
Due to other county funds 80,776 154
Deferred revenue 621,154 392,028
Total Liabilities 781,676 398,007
FUND EQUITY:
Reserved for encumbrances 55,463 4,645
Unreserved:
Designated for subsequent year's
expenditures 0 300,000
Undesignated (55,463) (22,278)
Total Fund Balance 0 282,367
TOTAL LIABILITIES AND
FUND BALANCE $ 781,676 $ 680,374
The Notes to Financial Statements are an integral part of this schedule.
76
�..r a s _-
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS l"'D?DS
CAPITAL EXPENDITURES PrND
STATEMENT OF REVENUES EXPENDITURES
fs AND CHANCES I FUNt BALANCES
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
REVENUE
Taxes $ 416,367 $ 413,996 $ (2,371) $ 192,091
Intergovernmental revenue 137,500 117,040 (20,460) 0
Miscellaneous revenue 0 1,932 _______121I1 0
Total Revenue 553,867 532,968 (20x899) 192,091
EXPENDITURES
Capital outlay 1,238,512 1,204,932 33,580 1,233,067
Miscellaneous 0 4,583 (4,583) 0
Total Expenditures 1,238,512 1,209,515 28,997 1,233,067
EXCESS REVENUE OVER (UNDER) EXPENDITURES (684,645) (676,547) 8,098 (1,040,976)
OTHER FINANCING SOURCES
Operating transfers-in:
General Fund 80,000 94,180 14,180 50,000
Contingent Fund 300,000 300,000 0 200,000
Total Other Financing Sources 380,000 394,180 141 180 250,000
EXCESS REVENUE OVER (UNDER) EXPENDITURES
AND OTHER USES (304,645) (282,367) 22,278 (790,976)
FUND BALANCE AT
BEGINNING OF PERIOD 282,367 282,367 0 1
, ,
ENDING FUND BALANCE $ (22,278) $ 0 s 22,278 $ 282,367
The Notes to Financial Statements are an integral part of this schedule.
•
77
- Aft - a a s
COUNTY CF WELD
S'TAT'E OF COLORADO
CAPTTAL PROJECTS FUNDS
CAPITAL EXPENDITURES TTND
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
1985 1985 1985 1984
Estimate Actual Variance Actual
TAXES:
General property taxes $ 392,028 $ 384,533 $ (7,495) $ 178,729
Specific ownership taxes 24,339 29,463 5,124_ 13,362
Total Taxes 416,367 413 996 (2,371) 192,091
INTERGOVERNMENTAL REVENUE
State Grants 137 500 117,040 (20,460) 0
Total Intergovernmental Revenue 137,500 117,040 (20,460) 0
MISCELLANEOUS REVENUE
Earnings on investments 0 1,932 1,932 0
Total Miscellaneous Revenue 0 1,932 1,932 0
TOTAL REVENUE $ 553,867 1_____a2,968 $ (20,899) $ 192,091
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
CAPITAL OUTLAY:
Building improvements $ 1,238,512 $ 1,204,932 $ 33,580 $ 1,233,067
Total Capital Outlay 1,238,512 1,204,932 33,580 1,233,067
MISCELLANEOUS:
Other 0 4,583 (4,583) 0
Total Miscellaneous 0 4,583 (4,583) 0
TOTAL EXPENDITURES $ 1,238,512 $ 1,209,515 $ 28,997 $ 1,233,067
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OPERATING TRANSFERS-IN
General Fund $ 80,000 $ 94,180 $ 14,180 $ 50,000
Contingent 300,000 300,000 0 200,000
TOTAL OPERATING TRANSFERS-IN $ 380,000 $ 394,180 $ 14,180 $ 250,000
The Notes to Financial Statements are an integral part of this schedule.
78
-a - a
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.
7n.151, tx
wugc.
COLORADO
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT FUND
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1985
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.
Improvement District - Road 5:
This special assessment fund accounts for the Road 5 paving project.
Financing was made available through a bond issue.
79
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESNENT FUNDS
COMBINING BALANCE SHEET
December 31, 1985 and 1984
ASSETS
Improvement Memorandum Total
Improvement District Fiscal fiscal
District Number 1981-2 Year Year
Road - 5 Elmore Road 1985 1984
ASSETS:
Cash with Treasurer $ 15,792 $ 4,920 $ 20,712 $ 65,765
Special assessments receivable:
Current 100,000 1,123 101,123 1,282
Deferred 975,000 5,615 980,615 7,692
Due from other county funds 0 0 0 11.7000
TOTAL ASSETS $ 1,090, ,
792 $ 11658 $ 1,102, ,
450 $ 191739
LIABILITIES AND FUND BALANCE
LIABILITIES:
Due to other county funds $ 0 $ 2,237 $ 2,237 $ 2,002
Deferred revenue 1,000,000 5,614 1,005,614 7,692
Advance from Other Funds:
Current 0 1,123 1,123 1,282
Deferred 75,000 5,615 80,615 7,692
Bonds payable:
Current 100,000 0 100,000 100,000
Deferred _ 800, ,
000 0 800000 900,000
Total Liabilities 1975,000 14,589 1989,589 1,018,668
FUND BALANCE (DEFICIT):
Reserved:
Reserved for encumbrance 0 0 0 102,750
Unreserved:
Undesignated (884,208) (2,931) (_ 887,139) (92),679)
Total Fund Balance (deficit) (884,208) (2,931) (887,139) (826,929)
TOTAL LIABILITIES AND
FUND BALANCE $ 1,090,792 1._____212___- 658 $ 1,102,450 1___21221
The Notes to Financial Statements are an integral part of this schedule.
80
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT FINDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
December 31, 1985 and 1984
Improvement Memorandum Total
Improvement District Fiscal Fiscal
District Number 1981-2 Year Year
Road - 5 Elmore Road 1985 1984
REVENUE:
Miscellaneous revenue $ 75,000 $ 3,391 _$ 78,391 .s_____212.213.!
Total Revenue 75,000 3,391 78,391 25,781
EXPENDITURES:
Operating Expenses:
Capital outlay 50, ,
101 050101 964,90E
Total Operating Expenses 50,101 0 50,101 - ,
964901
Debt Service:
Interest 88, , ,
500 0 88500 5383:
Total Debt Service 88,500 0 88,500 53,83;
Total Expenditures �„_, 138,601 0 138,601 1,018,74?
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES (63,601) 3,391 (60,210) (992,95!
OTHER FINANCING SOURCES (USES):
Operating transfers-in 0 0 0 175.
00(
EXCESS (DEFICIENCY) OF REVENUE AND
OTHER SOURCES OVER EXPENDITURES
AND OTHER USES (63,601) 3,391 (60,210) (817,95!
FUND BALANCE AT
BEGINNING OF PERIOD (820,607) ---. 6-L3-2.2.)( _ (826,929) (8,971
FUND BALANCE AT
END OF PERIOD $ (884,208) 1_____111132) $ (887,'139) $ (826,92c
The Notes to Financial Statements are an integral part of this schedule.
81
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT MINDS
IKPROVENE141 5
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
MISCELLANEOUS REVENUE:
Earnings on investments $ 0 $ 0 $ 0 $ 23,134
Advance from other funds 0 75,000 75,000 0
TOTAL REVENUE $ C 1.......-2122E $- 75,000 $ , ,_ 23„?134
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
EXPENDITURES:
Capital Outlay $ 102,750 $ 50,101 $ 52,649 $ 964,908
Debt Service-Interest 88,500 88,500 0 53,833
TOTAL EXPENDITURES 191,250 138,601 52,649 1,018,741
Debt Service-Principal 100,000 100,000 0 0
TOTAL BUDGETED EXPENDITURES .1----2.93.--A2.5.2. $ 238,601 $ 52,649 $ 1,018,741
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OPERATING TRANSFERS-IN:
General Fund $ 0 $ 0 $ 0 1-----111,222.
TOTAL OTHER FINANCING SOURCES $ 0 $ 0 $ 0 2_____10222
The Notes to Financial Statements are an integral part of this schedule.
82
COUNTY OF WELD
STATE OP COLORADO
SPECIAL ASSESSMENT A(TNDS
IMPROVEMENT DISTRICT NUMBER 1981-2 ELMORE ROAD
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
MISCELLANEOUS REVENUE:
Special assessments $ 3,500 S 2,078 $ (1,422) $ 1,282
Earnings on investments 0 1313 1313 1370
, , ,
TOTAL REVENUE $ 3,500 $ 3, ,
391 $ (109) $ 2652
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
EXPENDITURES
Debt service-interest $ 3, ,
500 $ 0 $ 3500 $ 0
TOTAL EXPENDITURES 3500 0 3500 0
, ,
Debt service-principal 0 2237 (2 237) 0
, ,
TOTAL BUDGETED EXPENDITURES $ 3500 $ 2. ,
237 $ 1263 $ 0
,
The Notes to Financial Statements are an integral part of this schedule.
83
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.
a # 11
COLORADO
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1985
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.
85
COUNT? OF WELD
STATE OF COLORADO
INTERTAMERVIZETUDS
COMBINING BALANCE SHEET
December 31, 1985 and 1984
Memorandum Total
Computer Fiscal Fiscal
Motor Vehicle Printing and Services Insurance Year Year
Fund Supply Fund Fund Fund 1985 1984
ASSETS & OTHER DEBITS
CURRENT ASSETS:
Cash with Treasurer $ 27,618 $ 11,654 $ 163,904 $ 715,776 $ 918,952 $ 1,454,263
Cash - other 0 0 0 7,500 7,500 7,500
Receivables (net where
applicable of allowance
for uncollectibles):
Accounts 1,684 870 14,260 1,080 17,894 172,765
Current property taxes 0 0 0 511,095 511,095 511,095
Delinquent property taxes 0 0 0 9,171 9,171 6,750
Due from other governmental
units 0 0 0 0 0 3,756
Due from other county funds 651,050 0 177,836 2,450 831,336 579,338
Inventories 48,993 186,873 0 0 235,866 191,195
Prepaid expenses 0 0 0 1111 1,111 8,935
, _..
Total Current Assets 729,345 199,397_ 356,060 ___10212112 _ 2,532,925 2,935,597
FIXED ASSETS:
Land 694,381 0 0 0 694,381 412,329
Land under capital lease 0 0 0 0 0 274,820
Land improvements 19,345 0 19,345 19,344
Buildings 669,036 0 0
Equipment and furniture 9,070192 71,938 1 733,323 0 10 875,453 9,718 985
10,452,954 71,93$ 1,733,323 ----------70 12;258,215 11,134,,580
Less: Accumulated
Depreciation 4 962 857 38,456 644,839 0 5,646,152 _ 5,356,532
Total Fixed Assets 5,490„x097 3 ? 1,088,484 0 6612 0x63 5,778,048
TOTAL ASSETS $ 6,2191442 $ 232,879 $1,444,484 $ 1,248,183 $ 9,144,988 $ 8,713,645
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES:
Vouchers payable $ 123,929 $ 495 $ 69,201 $ 22,731 $ 216,356 $ 128,600
Accrued liabilities 0 4,169 149,735 0 153,904 142,766
Due to other county funds 30,937 22 235 2,135 33,329 41,669
Current portion of capital
lease obligation 0
000
Deferred revenue 0 0 0 520,266 520,266 511,095
Advance from General Fund 0 80, ,
000 0 0 80000 0
Total Current Liabilities 154,866 84, , ,
686 219171 545132 1,003, ,
855 825130
Total Liabilities 154,866 84,686 219,171 _ 545,132 1,003,855 825,130
FUND EQUITY:
Contributed Capital 4,924,160 1� 20,946 565,155 0 5,610,261 5 568,379
Retained Earnings:
Reserved for claims 0 0 0 503,200 503,200 438,398
Unreserved _ 1,140,416 27,247 660,158 199,851 2,027,6_72 1,881,738
Total Retained Earnings 1,140,416 27,247 6660,158 703,051 2,530,872 2,320,136
Total Fund Equity 6,064,576 148,193 1225,
313 703,051 8,141, , ,
133 7
TOTAL LIABILITIES
AND FUND EQUITY S 6,219,442 $ 232,879 $1,444,484 $ 1,248,183 $ 9,144,988 $ 8,713,645
The Notes to Financial Statements are an integral part of this schedule.
86
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE PONDS
COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL
December 31, 1985
Computer
Motor Vehicle Printing and Services Insurance
Fund Supply Fund Fund Fund Total
CONTRIBUTED CAPITAL,
January 1, 1985 $ 4,882,625 $ 120,599 $ 565,155 $ 0 $ 5,568,379
Add:
1985 contributions from:
Capital Expenditures Fund 36,983 0 0 0 36,983
General Fund 4,552 347 0 0 _____21412!
CONTRIBUTED CAPITAL,
December 31, 1985 $ 4,924,260 $ 120,946 $ 565,155 $ 0 s 5,610,261
The Notes to Financial Statements are an integral part of this schedule.
87
COUNTY OF WELD
STATE OP COLORADO
INTENAL 12117ME—Mbs
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS
December 31, 1985 and 1984
Memorandum Total
Computer Fiscal Fiscal
Motor Vehicle Printing and Services Insurance Year Year
Fund Supply Fund Fund Fund 1985 1984
OPERATING REVENUE:
Taxes $ 0 $ 0 $ 0 $ 540,138 $ 540,138 $ 526,303
Charges for service 2,103,013 119,905 1,616,251 0 3,839,169 3,925,475
Total Operating Revenue 2,103,013 1r 1^ 37
9 905 1,616,251 540,138 4, 9,307 4,4 ,778 51
OPERATING EXPENSES:
Personnel services 1,492 46,486 1,125,983 0 1,173,961 1,441,721
Contractual services 925,453 134 402,896 67,699 1,396,182 499,987
Supplies 227,303 50,608 53,696 794 332,401 717,883
Materials 0 0 0 0 0 83,758
Heat, light and power 36,412 0 0 0 36,412 59,173
Repairs and maintenance 39,024 11,723 0 0 50,747 6,432
Insurance and bonds 0 0 0 267,922 267,922 240,497
Claims 0 0 0 160,537 160,537 179,984
Other expenses 724 126 984 1269 3103 17990
, , ,
Total Operating Expenses
before Depreciation 1,230,408 109,077 1,583,559 498,221 3,421,265 3,247,475
Operating Income before
Depreciation 872,605 10,828 32,692 41,917 958,042 1,204,303
Depreciation 853,113 9 115 348,528 0 1,210,756 1,133,698
Operating Income (Loss) 1992 1,713 (315,836) 41,917 (252,714) 70,605
NONOPERATING REVENUE (EXPENSES):
Farm income 1,572 0 0 0 1,572 4,715
Gain (loss) on sale of
fixed assets 5,104 0 26,276 0 31,380 94,368
Earnings on investments 0 0 0 32,259 32,259 32,222
Interest expense (100) 0 (55,236) 0 (55,336) 0
Judgements and Damages 0 0 0 102,476 102,476 23,529
Total Nonoperating Revenue 6,576 0 (28,960) 134,735 112,351 154,834
OTHER FINANCING SOURCES:
Operating transfers-in 1,100 0 350, , ,
000 0 351100 372725
Total Financing Sources 1,100 0 350,000 0 351,100 372,725
NET INCOME (LOSS) 27,168 1,713 5,204 176,652 210,737 598,164
RETAINED EARNINGS AT
BEGINNING OF PERIOD 1,113,248 25x534 654,954 526,399 2,320,135 1721 9971
RETAINED EARNINGS AT
END OF PERIOD S 1,140,416 $ 27,247 L----6-6222,23. $ 703,051 $ 2�5 872 $ 2,320,135
The Notes to Financial Statements are an integral part of this schedule.
88
II. - mon -a . +
COUNTY OF WELD
STATE ON COLORADO
INTETC=ER1rIgns
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
December 31, 1985
Computer
Motor Vehicle Printing and Services Insurance
Fund Supply Fund Fund Fund Total
WORKING CAPITAL PROVIDED:
Net Income (Loss) $ 27,168 $ 1,713 $ 5,204 $ 176,652 $ 210,737
Items which did not require
outlay of working capital:
Depreciation 853,113 9,115 348,528 0 1,210,756
(Gain) Loss on sale of
fixed assets (5,104) 0 (26,276) 0 (31,380)
Working capital provided
by operations 875,177 10,828 327,456 176,652 1,390,113
Contributions from capital
expenditures fund 36,983 0 0 0 36,983
Contributions from general fund 4,552 347 0 0 4,899
Proceeds from sale of
fixed assets 166, , ,
201 0 211853 0 378054
",, Total Working Capital
Provided 1,082,913 11,175 539,309 176,652 1,810,049
WORKING CAPITAL APPLIED:
Acquisition of fixed assets 1,412,216 17,053 963,180 0 2,392,449
Total Working Capital
Applied 1,412,216 17,053 963, ,
180 0 2392,449
INCREASE (DECREASE) IN
WORKING CAPITAL $ (329,303) $ (5,878) $ (423,871) $ 176,652 $ (582,400)
CHANGES IN COMPONENTS OF WORKING
CAPITAL:
Increase (decrease) in current
assets:
Cash with treasurer $ (384,101) $ 39,120 $ (390,345) $ 200,015 $ (535,311)
Receivables:
Accounts (136,500) 320 3,058 (21,749) (154,871)
Delinquent property taxes 0 0 0 2,421 2,421
Due from other governmental
units 0 0 (3,756) 0 (3,756)
Due from other county funds 219,602 (12,441) 42,386 2,450 251,997
Inventories (10,070) 54,741 0 0 44,671
Prepaid expenses 0 (8,576) (359) 1,111 (7,824)
Net increase (decrease) in
current assets (311,069) 73,164 (349,016) 184,248 (402,673)
(Increase) decrease in
current liabilities:
Vouchers payable (22,947) 1,399 (63,577) (2,631) (87,756)
Accrued liabilities 1,137 (674) (11,601) 0 (11,138)
Due to other county funds 3,576 233 323 4,206 8,338
Deferred revenue 0 0 0 (9,171) (9,171)
Advance from other funds 0 (80,000) 0 0 (80,000)
Net (increase) decrease in
current liabilities (18,234) (79,042) (74,855) (7,596) (179,727)
INCREASE (DECREASE IN
WORKING CAPITAL L(MM) $ (5,878) $ (423,871) $ 176,652 $ (582,400)
The Notes to Financial Statements are an integral part of this schedule.
89
COUNTY OF WELD
STATE OF COLORADO
INTcRNAL SERVICE FUNDS
MOTOR VEHICLE FUND
Schedule of Operating Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OPERATING REVENUE:
Charges for services $ 2,032,812 $ 2,103,013 $ 70,201 $ 2,222,489
TOTAL OPERATING REVENUE S 2,032,812 $ 2,103,013 $ 70,201 S 2,222,489
Schedule of Operating Expenses Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
OPERATING EXPENSES:
Personnel services $ 28,752 $ 1,492 $ 27,260 $ 333,398
Contractual services 784,854 925,453 (140,599) 260,652
Supplies 392,657 227,303 165,354 672,449
Heat, light & power 70,000 36,412 33,588 59,173
Depreciation 749,637 853,113 (103,476) 849,646
Repairs and maintenance 5,000 39,024 (34,024) 1,109
Other expenses 515,536 724 514,812 4,071
TOTAL OPERATING EXPENSES $ 2,546,436 S 21083,521 $ 462,915 $ 2,180,498
Schedule of Non-Operating Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 33., 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
NONOPERATING REVENUE:
Farm income S 0 $ 1,572 $ 1,572 $ 4,715
Gain on sale of fixed assets 82,400 5,104 (77,296) 94,368
Interest expense (100) (100) 0 0
TOTAL NONOPERATING REVENUE $ 821300 $ 6,576 S (75,724) $ 99 083
Schedule of Fixed Asset Acquisitions Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
FIXED ASSET ACQUISITIONS:
Equipment and furniture $ 1,237,680 $ 1
__ ,4 ,
1221.6 L____(174L236) $ 961,912
TOTAL FIXED ASSET ACQUISITIONS $ 1,237,680 $ 1,412,216 .Q____(2....72 .___I• 536) $ 961,912
The Notes to Financial Statements are an integral part of this schedule.
90
.ft..d11111 .. - __
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FMNOS
PRINTING AND SUPPLY FUND
Schedule of Operating Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OPERATING REVENUE:
Charges for services $ 156,533 $ 119,905 $ (36,628) 1_____14E,952
TOTAL OPERATING REVENUE 1_____11§.2111 $ 119,905 $ (36,628) 1_____14L952
Schedule of Operating Expenses Compared with Budget
• December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
OPERATING EXPENSES:
Personnel services S 48,508 $ 46,486 $ 2,022 $ 38,440
Contractual services 635 134 501 2,487
Supplies 85,425 50,608 34,817 1,956
Materials 0 0 0 83,758
Depreciation • 4,664 9,115 (4,451) 7,280
Repairs and maintenance 15,801 11,723 4,078 5,373
Other expenses 2,500 126 2,374 0
TOTAL OPERATING EXPENSES 1_____I57,533 $ 118,192 1.._____22.1.E1 1___....122:32i
The Notes to Financial Statements are an integral part of this schedule.
91
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE PtMs
LTHNITETTERrerrTUNIT
Schedule of Operating Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OPERATING REVENUE:
Charges for services $ 1,6022655 $ 1,616,251 $ 13,596 S 1,554,034
TOTAL OPERATING REVENUE $ 1,602,655 $ 1,616,251 $ 13,596 $ 1,554,034
Schedule of Operating Expenses Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
EXPENDITURES:
Personnel services $ 1,192,008 $ 1,125,982 $ 66,026 $ 1,069,883
Contractual services 418,977 402,896 16,081 168,690
Supplies 50,769 53,696 (2,927) 39,832
Depreciation 0 348,528 (348,528) 276,772
Other expenses 0 984 (984) 13,919
TOTAL OPERATING EXPENSES $ 1,661,754 $ 1,932,086 $ (270,332) S 1,569,096
Schedule of Fixed Asset Acquisition Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
FIXED ASSET ACQUISITIONS:
Equipment $ 591,427 $ 963,180 $ (371.753) $ 200,249
TOTAL FIXED ASSET ACQUISITIONS S 591,427 $ 963,180 $ (371,753) $ 200,249
The Notes to Financial Statements are an integral part of this schedule.
92
Ink I\ Ia. `IMIL`. —M Ilk
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE rifts
COMPUTER SERVICES FUND
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
OPERATING TRANSFERS-IN: Estimate Actual Variance Actual
General fund $ 0 $ 350,000 $ 350,000 1----I72 725
TOTAL OPERATING TRANSFERS-IN $ 0 s 350,000 $ 350,000 1._-_--2.11211
Schedule of Other Financing Sources Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OTHER FINANCING SOURCES:
Interest expense $ 0 $ (55,236) $ (55,236) $ 0
Gain on sale of assets 0 26276 26,276 0
,
TOTAL OTHER FINANCING SOURCES $ 0 $ (28,960) $ (28,960) $ 0
The Notes to Financial Statements are an integral part of this schedule.
93
.a � _ - - -
COUNTY OF WELD
STATE O? COLORADO
INTERNAL SERVICE FUNDS
INSURANCE FUND
Schedule of Operating Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OPERATING REVENUE;
General property tax $ 511,095 $ 501,732 $ (9,363) $ 489,708
Specific ownership tax 35,805 38,406 2,601 36,595
Charges for services 20 000 0 (20 000) 0
TOTAL OPERATING REVENUE $ 566,900 $ 540,138 1-___L6,7§2) 1-----l26,303
•
Schedule of Operating Expenses Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
EXPENDITURES: Budget Actual Variance Actual
Contractual services $ 66,975 $ 67,699 $ (724) $ 68,158
Supplies 1,100 794 306 3,646
Insurance and Bonds 234,500 267,922 (33,422) 240,497
Claims 350,000 160,537 189,463 179,984
Other expenses 0 1 269 (1 269) 0
,
TOTAL OPERATING EXPENSES $ 652,575 $ 498,221 $ 154.354 $ 492.285
Schedule of Non-Operating Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
NONOPERATING REVENUE: Estimate Actual Variance Actual
Earnings on investments $ 29,000 $ 32,259 $ 3,259 $ 32,222
Judgements and damages 20,000 102 476 82 476 23 529
TOTAL NONOPERATING REVENUE $ 49,000 $ 134,735 1_____112222 1_____I5,751
The Notes to Financial Statements are an integral part of this schedule.
•
94
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.
461\t '
W `De.
COLORADO
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1985
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.
Deferred Compensation Fund:
This fund accounts for, and invests, the accumulation of voluntary
employee contributions. Through Internal Revenue Code (Section
457) , the funds are the property of Weld County until such time as
the employee terminates or otherwise qualifies for payment through
the plan guidelines.
95
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
COMBINING BALANCE SHEET
December 31, 1985 and 1984
Pension Trust Expendable Trust
Weld County North Colorado Health Antelope
Retirement Medical Insurance Hills
Fund Trust Fund Fund Trust Fund
ASSETS -
ASSETS:
Cash with Treasurer $ 118,372 $ 3,763,055 $ 984,462 $ 15,474
Cash - other 33,733 0 2,500 0
Investments 16,573,889 0 0 0
Receivables (net where
applicable of allowance
for uncollectibles):
Accounts 182,150 0 0 0
Current property taxes 0 290,475 0 0
Delinquent property taxes 0 8,138 0 0
Due from other county funds 28 0 0 0
Prepaid expenses 36,691 0 0 0
TOTAL ASSETS $ 16,944,863 $ 4,061,668 L..2211161 $ 15,474
LIABILITIES AND FUND BALANCE
LIABILITIES:
Warrants payable $ 0 $ 0 $ 0 $ 0
Vouchers payable 85,988 0 3,995 0
Accounts payable 0 0 0 0
Due to other governmental units 0 0 0 0
Due to other county funds 0 0 121 0
Deferred revenue 0 298,613 0 0
Other liabilities 0 0 0 0
Total Current Liabilities 85, ,
988 298613 4,116 0
LONG TERM DEBT:
Deferred compensation payable 0 0 0 0
Total Long Term Debt 0 0 0 0
Total Liabilities 85,988 298,613 4,116 0
FUND BALANCE:
Reserved for employee
benefits 10,070,430 0 80,877 0
Unreserved 6,788,445 3,763,055 901,9b9 15,474
Total Fund Balance 16,858,875 3,76355 982,846 15,474
TOTAL LIABILITIES
AND FUND BALANCE $ 16,944,863 $ 4,061,668 $ 986,962 $ 15,414
The Notes to Financial Statements are an integral part of this schedule.
96
Agency Memorandum Total
General Payroll Greeley Deferred Fiscal Fiscal
Agency Agency Video Compensation Year Year
Fund Fund Agency Fund Fund 1985 1984
$ 15,468,149 $ 1,295,489 $ 3,000 $ 0 $21,648,001 $15,070,360
0 0 0 0 36,233 6,432
0 0 0 326,033 16,899,922 12,814,241
O 4,620 0 0 186,770 245,085
00
0 0 290,475 255,692
0 0 0 0 8,138 8,769
0 40,802 0 0 40,830 24,245
0 0 0
36, ,
691 30497
$ 15,468,149 $X340,911 .$---12.921 $ 326033 $39,147,060 $28 455,321
O 354,075 0 0 354,075 109,023
0 980,716 0 0 1,070,699 360,053
0 4,964 0 0 4,964
15,468,149 0 0 0 15,468,149 10,631,531
0 1,156 0 0 1,277 56,012
0 0 0 0 298,613 256,397
0 0 0 0 0 180907
,
15,468,149 1,340,911 0 0 17 197, , ,
777 11
O 0 0 326,033 326,033 0
O 0 0 326,033 326,033 0
15,468,149 1,340, - ,
911 0 326,033 17523, ,
810 11 593923
O 0 0 0 10,151,307 9,267,695
O 0 3, - ,
000 0 11471, ,
943 7593,703
O 0 3,000 0 21,623,250 16 8, 6, 1,396
1-1.5-,468,14a $ 1,340,911 1_____21222 $ 326,033 $39,147,060 $28 4---2.-55,321
' 97
COUNTY OP WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
STATEMENT OF REVENUES EXPENSES AND CHANGES IN FUND BALANCES -
ALL M PENSION TRUST FUNDS
December 31, 1985 and 1984
Weld County Retirement Fund
1985 1984
OPERATING REVENUE;
Net appreciation (depreciation) in fair
value of investments $ 1,423,993 $ (1,966,026)
Contributions 1,417,765 1,332,786
Total Operating Revenue 2,841,758 (633,240)
OPERATING EXPENDITURES
Benefit payments 438,398 316,266
Refunds 192,416 382,735
Actuary fees 61,335 41,208
Audit fees 4,943 3,954
Trustee fees 25213
, 0
Total Operating Expenses 722,305 744,163
OPERATING INCOME 2119,453 (1,377,403)
NON-OPERATING REVENUE:
Earnings on investments 1,738,765 3,009,812
Total Non-Operating Revenue 1,738,765 3,009,812
INCOME BEFORE OPERATING TRANSFERS 3,858,218 1,632,409
OPERATING TRANSFERS IN:
General Fund 30 156 93754
,
Total Operating Transfers In 30,156 93,754
Net Income 3,888,374 1,726,163
FUND BALANCE AT
BEGINNING OF PERIOD 12,970,501 11,244,338
ENDING FUND BALANCE $ 16,858,875 $ 12,970,501
The Notes to Financial Statements are an integral part of this schedule.
98
COUNTY OF WELD
STATE OP COLORADO
TRUST AND AaNCX MINDS
STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL PENSION TRUST PUNDS
December 31, 1985
Weld County
Retirement Fund
WORKING CAPITAL PROVIDED:
Net Income
$ 3,888,374
Working caplital provided from operations $ 3 888,374
INCREASE IN WORKING CAPITAL $ 3,888,374
CHANGES IN COMPONENTS OF WORKING CAPITAL:
Increase (decrease) in current assets:
Cash with treasurer $ 8,735
Cash - other 29,801
Investments 3,940,555
Receivables:
Accounts (41,183)
Due from other county funds (47)
Prepaid expenses 6,375
Net increase in current assets 3,944,236
Increase in current liabilities:
Vouchers payable (55,955)
Due to other county funds 43
Net increase in current liabilities (55 862)
,
INCREASE IN WORKING CAPITAL $ 3888,374
The Notes to Financial Statements are an integral part of this schedule
99
COUNTY OF WELD
STATE OF ZOLORAIO
TRUST AND AGENCY ?nibs
COMBINING STATEMENT OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES -
ALL EXPENDABLE TRUST FUNDS
December 31, 1985 and 1984
Memorandum Total
North Colorado Health Fiscal Fiscal
Medical Center Insurance Antelope Hills Year Year
Trust Fund Fund Trust Fund 1985 1984
REVENUE:
Taxes $ 267,681 $ 0 $ 0 $ 267,681 $ 589,239
Miscellaneous revenue ------a—268376 1,017,785 1,144 1,287 305 1,245,537
Total Revenue 536,057 1-- -2..17,785 1, ,
144 1554, ,
986 __ 1834,776
EXPENDITURES:
Miscellaneous 171,711 709, , ,
798 0 881509 793253
Total Expenditures 171,711 709, ,
798 0 881,509 793253
OPERATING INCOME (LOSS) 364,346 307,987 1,144 673,477 1,041,523
NON-OPERATING REVENUES:
Operating transfers-in —_______s___200000 0 0 200,000 0
TOTAL NON-OPERATING REVENUES 200, ,
000 0 0 200000 0
EXCESS OF REVENUE OVER
EXPENDITURES 564,346 307,987 1,144 873,477 1,041,523
FUND BALANCE AT
BEGINNING OF PERIOD 3,198, ,
709 674858 14,330 3,887, , ,
897 2
FUND BALANCE AT
END OF PERIOD 1-.2-a3,055 1___M,845 $ 15,474 1_212-§1.0.71 $ 3,887,897
The Notes to Financial Statements are an integral part of this schedule.
100
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS
December 31, 1985
Balance Balance
1/1/85 Additions Deductions 12/31/85
GENERAL AGENCY FUND
TOTAL ASSETS $ 10,631,531 $ 254,389,824 $ 249,553,206 $ 15,468,149
•
TOTAL LIABILITIES §-12,.631,53L $ 254,389,824 $ 249,553,206 $ 15,468,149
PAYROLL AGENCY FUND
TOTAL ASSETS S 452,616 $ 16,750,256 1-1101511§.1 $ 1,340,911
TOTAL LIABILITIES $ 452,616 $ 16 750 256 $ 15 861 961 $ 1,340,911
GREELEY VIDEO AGENCY FUND
TOTAL ASSETS 1-____1O22 $ 0 $ 0 $ 3,000
TOTAL LIABILITIES $ 3,000 $ 0 $ 0 1_____I,000
DEFERRED COMPENSATION FUND
TOTAL ASSETS $ 181,887 $ 163,702 $ 19,556 $ 326,033
TOTAL LIABILITIES $ 181,887 $ 163,702 1_____124.5a 19, $ 326,033
TOTAL - ALL AGENCY FUNDS
TOTAL ASSETS $ 11,269,034 $ 271,303,782 $ 265,434,723 I-17,138:221
TOTAL LIABILITIES $ 11,269,034 $ 271,303,782 $ 265 434 723 $ 17,138,093
The Notes to Financial Statements are an integral part of this schedule.
101
OUNTY OF WELD
sL
TRUST AND AGENCY FUNDS
NORTH COLORADO MEDICAL CENR TRUST FUND
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
TAXES:
General property taxes $ 273,373 $ 248,448 $ (24,925) $ 548,254
Specific ownership 0 19233 19233 40985
_ , , ,
Total Taxes _____11242.12 ____..2417.2.6a- -..... -5-1±31) 589,239
MISCELLANEOUS REVENUE:
Earnings on investments 283, , ,
000 268376 (14 624) 260 936
Total Miscellaneous Revenue 283, , ,
000 268376 (14 624) 260 936
TOTAL REVENUE $ 556,373 1_21.62252. 1...._1.2_2_,0316) 1-----Mal
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
CAPITAL OUTLAY:
Capital acquisitions $ 756,373 $ 148,812 $ 607,561 $ 0
Total Capital Outlay 756, ,
373 148812 607 561 0
MISCELLANEOUS:
Other 0 --------4 (22,899) 0
Total Miscellaneous 0 22899 (22 899) 0
, ,
TOTAL EXPENDITURES $ 756 373 .1—. 1-__ __i_71711- $ 584,662 S 0
Schedule of Other Financing Sources Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
OTHER FINANCING SOURCES
Operating transfers-in $ 200,000 $ 200,000 $ 0 $ 0
TOTAL OTHER FINANCING SOURCES $ 200,000 $ 200,000 $ 0 $ 0
The Notes to Financial Statements are an integral part of this schedule.
102
COUNTY OF WELD
STATE OF COLORADO
TRUST-AND AGENCY FORDS
HEALTH INSURANCE FUND
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
MISCELLANEOUS REVENUE:
Contributions $ 930,089 $ 944,663 $ 14,574 $ 903,874
Earnings on Investments 44,047 56,623 12,576 39,748
Loss Recoveries 0 16,499 16 499 39,648
TOTAL REVENUE 1____974 t136 $ 1 017 785 1_____121E2 $ 983,270
•
Schedule of Expenditures Compared with Budget
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Budget Actual Variance Actual
EXPENDITURES:
Claims $ 962,130 $ 608,590 $ 353,540 $ 731,314
Contractural services 12,006 54,403 (42,397) 37,090
Insurance and bonds 0 46,007 (46,007) 24,849
Supplies 0 798 (798) 0
TOTAL EXPENDITURES $ 974,136 1_____12201 $ 264,338 i_____793,253
The Notes to Financial Statements are an integral part of this schedule.
103
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FtT(OS
ANTELOPE RILLS TRUST FtflcD
Schedule of Revenue Compared with Estimate
December 31, 1985
With Comparative Actual Amounts For Year Ended December 31, 1984
1985 1985 1985 1984
Estimate Actual Variance Actual
MISCELLANEOUS REVENUE:
Earnings on investments $ 0 $ 1,144
TOTAL REVENUE $ 0 $ 1,144 $ 1,144 $ 1,331
The Notes to Financial Statements are an integral part of this schedule.
104
GENERAL FIXED ASSETS
ACCOUNT GROUP
Investments in property and equipment, except for those of the Internal Service
Funds are recorded in this account group.
ittif
woe
r
COLORADO
COUNTY OF WELD
STATE OF COLORADO
GERM. FIRED ASSETS
SCHEDULE OF GENERAL FIXED ASSETS - 3Y SOURCES
December 31, 1985 and 1984
1985 1984
GENERAL FIXED ASSETS:
Land $ 1,577,227 $ 1,494,618
Land Improvements 206,466 205,361
Buildings 17,851,656 16,619,667
Equipment and Furniture 2,774,342 2,396,306
TOTAL GENERAL FIXED ASSETS c 22,409,691 $ 20,715=952
INVESTMENTS IN GENERAL FIXED ASSETS FROM:
Current Revenue $ 13,533,790 $ 11,967,678
Gifts and Grants 926,786 799,159
Federal Revenue Sharing 7,949,115 7,949,115
TOTAL INVESTMENTS IN GENERAL FIXED ASSETS $ 22,409,691 $ 20,715,952
The Notes to Financial Statements are an integral part of this schedule.
105
COUNTY OF WELD
STATE OF COLORADO
GENERAL FIXED ASSETS
SCHEDULE OF GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
December 31, 1985 and 1984
Land Equipment & Memorandum Totals
Land Improvements Buildings Furniture 1985 1984
General Government:
Commissioners $ 0 $ 0 $ 0 $ 18,660 $ 18,660 $ 19,757
County attorney 0 0 0 12,848 12,848 10,702
Planning and zoning 0 0 0 21,501 21,501 21,974
Accounting 0 0 0 14,895 14,895 14,577
Finance and
administration 0 0 0 13,098 13,098 9,976
Clerk and Recorder 0 0 0 343,726 343,726 338,872
Elections 0 0 0 29,183 29,183 28,013
County Treasurer 0 0 0 41,263 41,263 41,263
County Assessor 0 0 0 68,419 68,419 66,412
County Council 0 0 0 3,228 3,228 4,019
Personnel 0 0 0 9,303 9,303 11,236
Buildings and grounds 0 0 a 51,531 51,531 50,811
Communications 0 0 0 417,485 417,485 400,338
Purchasing 0 0 0 11,819 11,819 11,679
Other 0 0 0 48,945 48,945 58,238
General government
buildings 1,242,540 9,503 14,167,847 0 15,419,890 14,122,182
Total General
Government 1,242,540 9,503 14,167,847 1,105,904 16,5251794 IS,210,049
Judicial:
District Attorney 0 0 0 82,729 82,729 90,263
8
Total Judicial 0 0 0 729 82,729 90,263
Public Safety:
Sheriff 0 0 0 256,196 256,196 193,668
County Coroner 0 0 0 618 618 618
Building inspection 0 0 0 4,216 4,216 4,964
Office of emergency
management • 0 0 0 36,013 36,013 665
Total Public Safety 0 0 0 297,043 297,043 199,913
Health and Hospitals:
Public health 162,369 15,068 901,707 196,607 1,275,751 1,271,893
Ambulance 0 5,465 117,096 68,977 191,538 183,525
Total Health and
Hospitals 162,369 20,533 1,018,803 265,584 1,467,289 1,455,418
County Roads and
Highways:
Engineering and
administration 0 124 0 74,78_9 _ 74,913 69.-2 847
Total County Roads T
and Highways 0 124 0 74,789 74,913 69,847
Public Welfare:
Administration 170,318 0 663 739 231 705 1,065 762 928,606
Total Public Welfare 170,318 0 663x139 231105 1,065,-762, 928,606
Auxiliary Services:
Extension 200 0 787,375 30,459 818,034 813,879
Exhibition building 0 80,132 185,703 6,216 272,051 253,130
Veterans 0 0 0 10,402 10,402 10,402
Missile site 0 91,310 0 26,597 117,907 147,615
Youth shelter 0 0 48,812 8,464 57,276 57,583
Intake classification 0 0 1,440 0 1,440 1,440
Library 0 3,199 816,962 178,448 998,609 984,989
Human Resources 1,800 1,665 160,975 456,002 620,442 492,816
Total Auxiliary
Services -.2 176,306 _ 2,001,267 716,588 2,896,161 2,761,854
TOTAL GENERAL FIXED
ASSETS ALLOCATED
TO FUNCTIONS S 1,577,227 $ 206,466 $ 17,851,656 $ 2,774,342 $ 22,409,691 122.012151
The Notes to Financial Statements are an integral part of this schedule.
106
COUNTY OF WELD
sTAlt or COL6RADO
GENtiar-rms-Ars, ris
SCHEDULE OF CHANCES IN GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
December 31, 1985
General General
Fixed Assets Fixed Assets
1/1/85 Additions Deletions 12/31/85
General Government:
Commissioners $ 19,757 $ 202 $ 1,299 $ 18,660
County attorney 10,702 3,646 1,500 12,848
Planning and zoning 21,974 0 473 21,501
Accounting 14,577 945 626 14,896
Finance and administration 9,976 3,122 0 13,098
Clerk and Recorder 338,872 10,968 6,114 343,726
Elections 28,013 1,170 0 29,183
County Treasurer 41,263 0 0 41,263
County Assessor 66,412 2,459 453 68,418
County Council 4,019 722 3,513 3,228
Personnel 11,236 949 2,882 9,303
Buildings and grounds 50,811 1,944 1,224 51,531
Communications 400,338 18,814 1,667 417,485
Purchasing 11,679 657 517 11,819
Other 58,238 2,971 12,265 48,944
General government buildings 14,122,182 1,297,707 0 15,419,889
Total General Government 15,210,049 1,346,276 30,533 16,525,792
Judicial:
District Attorney 90,263 1,165 8,699 82,729
Total Judicial 90,263 1,165 8,699 82,729
Public Safety:
Sheriff 193,668 68,913 6,385 256,196
County Coroner 618 0 0 618
Building inspection 4,963 0 747 4,216
Office of emergency management 665 35,348 0 36,013
Total Public Safety 199,914 104,261 7,132 297,043
Health and Hospitals:
Public health 1,271,894 16,545 12,688 1,275,751
Ambulance 183,525 8,388 375 191,_538
Total Health and Hospitals 1,455,419 24,933 13,063 1,467,289
County Roads and Highways:
Engineering and administration 69,847 51711 645 74,913
Total County Roads and Highways 69,847 5,711 645 74,913
Public Welfare:
Administration 928,606 149,939 12,782 1,065,763
Total Public Welfare 928,606 149,939 12,_782 1,065,763
Auxiliary Services:
Extension 813,879 4,155 0 818,034
Exhibition building 253,130 18,921 0 272,051
Veterans 10,402 0 0 10,402
Missile site 147,615 17,878 47,586 117,907
Youth shelter 57,583 0 307 57,276
Intake classification 1,440 0 0 1,440
Library 984,989 13,730 110 998,609
Human Resources 492,816 175,240 47,613 620,443
Total Auxiliary Services 2,761,854 229,924 95,616 2,896,162
TOTAL GENERAL FIXED ASSETS
ALLOCATED TO FUNCTIONS $ 20,715,952 $ 1,862,209 1____i68,470 $ 22,409,691
The Notes to Financial Statements are an integral part of this schedule.
107
GENERAL LONG - TERM
DEBT ACCOUNT GROUP
Sick and vacation accrual for Governmental Fund types are recorded in
this fund.
/d 4
COLORADO
COUNTY OF WELD
STATE OF COLORADO
GENERAL LONG-TERM DEBT - BY SOURCES
December 31, 1985 and 1984
GENERAL LONG-TERM DEBT: 1985 1984
Amount to be provided for retirement of
general long-term debt $ 1,182,283 $ 897,570
GENERAL LONG-TERM DEBT FROM:
General Fund $ 467,993 $ 427,676
Road and Bridge Fund
Health pond 144479 136919
Social Services Fund 432,265 269,926
Library Fund 46,039 47,376
Housing Authority 16,507 12,526
5511
Human Resources 69,489 3,147 0
TOTAL GENERAL LONG-TERM DEBT $ 1,182,283 $ 897,570
The Notes to Financial Statements are an integral part of this schedule.
109
STATISTICAL
SECTION
#(4,1fril)
fliRt.cR
COUNIT'Y 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
1976 $ 3,151,544 $ 984,453 $ 4,638,973
1977 $ 4,129,260 $ 1,198,836 $ 8,617,722
$ 4
1978 $ 4,777,054 ,430,812 $ 9,128,764
$
1979 2,551,449 $ 5,493,292 $ 9,691,198
1980 7 $ 4,709,301 $ 2,808,358 $ 6,157,485 $10,775,974
1981 $ 5,203,105 $ 3,150,728 $ 7,436,150 $12,436,419
S 5,403,963 $ 3,525,539 $ 6,811,742 $13,783,902
1982 $ 5,400,021 $ 5,229,851 $ 6
1983 $ 5,725,725 137 $ >997>923 $13,96 ,54
1984 5,575,881 $ 7,716,877 $13,9611,5455
$ 6,082,536 $ 6,294,660 $ 8,136,114 $13,799,706
1985
$ 6,120,746 $ 7,283,096 $ 8,547,979 $13,748,610
General Revenue by Source
(Unaudited)
Last Ten Years
Licenses Intergovernmental
Year Taxes and Permits Revenue
1976 $ 10,675,124 $ 173,902
1977 $ 9,694,012 $ 10,928,859
1978 $ 10,273,210 $ 141,938 $ 11,620,117
1 $ 187,067 $ 13,517,280
1979 $ 11,288,778
1980 $ 12,025,910 $ 196,545 $ 14,280,094
1981 $ 12,947,563 $ 383,881 $ 18,664,253
$ 400,670 $ 20,283,181
1982 $ 13,166,821 $ 463,542
1983 $ 14,467,200 $ 17,204,249
1984 $ 15,932,964 $ 669,934 $ 18,679,901
1985 $ 16,308,829 $ 669,934 $ 19,284,616
$ 716,130 $ 20,188,437
112
COUNTY OF WELD
STATE ON COLORADO
Auxiliary Debt Intergovernmental Total
Services Capital Outlay Service Expenditures Miscellaneous Expenditures
$ 2,441,556 $ 3,281,152 $ * S * $ 282,312 $ 23,397,712
$ 2,879,029 $ 3,774,888 $ * $ 71,924 $ 221,692 $ 25,835,205
$ 3,984,390 $ 1,091,611 $ * $ 121,761 $ 111,134 $ 27,821,889
$ 3,692,883 $ 805,092 $ * $ 169,316 $ -0- $ 29,118,409
$ 5,926,461 $ 344,889 $ * $ 118,498 $ -0- $ 34,616,250
$ 6,287,607 $ 591,188 $ * $ 83,594 $ -0- $ 36,487,535
$ 3,709,018 $ 485,735 $ * $ 375,305 $ 338,637 $ 35,412,407
S 3,856,846 $ 379,684 $ 2,274 $ 431,789 $ 685,246 $ 38,335,279
$ 3,954,896 $ 1,347,365 $1,018,741 $ 415,102 $ 1,074,232 $ 42,123,352
$ 4,605,440 $ 1,511,861 $ 88,500 $ 465,517 $ 1,710,482 $ 44,082,231
* 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 Total Revenue
$ 1,524,900 $ 2,192 $ 1,122,108 $ -0- $ 24,427,085
$ 1,181,004 $ 2,364 $ 2,180,596 $ -0- $ 24,820,031
$ 1,278,237 $ 2,171 $ 2,417,306 $ -0- $ 27,675,271
$ 1,159,849 $ 3,018 $ 2,277,170 $ -0- $ 29,205,454
$ 1,974,601 $ 3,064 $ 2,089,689 $ -0- $ 35,141,398
$ 1,931,937 $ 3,108 $ 2,951,603 $ $ 38,518,062
-0-
$ 1,151,4536,792 $ 2,995,740 $ 1
$ 1,406,359 $ 26,667 $ 2,543,940 ,305,116 $ 36,149,337
$ 1 541 $ 1,305,116 $ 39,064,828
, ,520 $ 37,592 $ 3,948,342 $ 1,533,455 $ 42,948,423
$ 1,673,282 $ 78,261 $ 3,756,704 $ 1,631,937 $ 44,353,580
General revenue includes revenue of General, Special Revenue, Capital Projects and Special Assessment Fund
113
COUNTY OF WELD
STATE OP 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
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
1984 $ 15,119,720 $ 14,985,503 99.11 $131,428 $ 15,116,931 $212,504
1985 $ 15,875,706 $ 15,469,833 97.44 $ 28,931 $ 15,498,764 $307,203
* 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
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 $ 2,823,576,899
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
1984 $ 764,916,130 $2,966,160,645 $ 55,831,700 $ 192,523,103 $ 820,747,830 $ 3,158,683,748
1985 $ 819,535,750 $3,162,758,743 $ 67,028,500 $ 231,132,759 $ 886,564,250 $ 3,393,891,502
(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.
114
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
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
1983 1984 490.32 880.14 17.369 4.581 161.059 1,553.469
1984 1985 542.32 918.63 19.342 5.037 171.923 1,657,252
Tax Levies
1975 1976 $2,343,295 $17,912,961 $ 9,802,432 $1,410,975 S1,738,742 $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 S12,622,216 $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
1983 1984 $4,125,777 $41,076,321 $15,118,907 $3,458,802 $3,960,714 $67,740,521
1984 1985 $4,210,650 $42,366,353 $15,874,905 $3,631,540 $3,942,837 $70,026,285
The basis for the property tax rates is per $1,000 assessed valuation.
115
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 $ 14,354
$ 13,531 2-1
1983 $ 14,354 $ 4,098 3-1 $ 10,256
1984 $ 10,256 $ 1,262 8-1 $ 8,974
1985 $1,083,974*** $ 2,236 4-1**** $1,081,738
NOTES: * Weld County had no special assessments from 1973-1980
** No Current assessments are due for the Elmore Road Assessment District until 1982
*** Due amount includes $1,075,000 for Road 5 which began in 1985
**** Ratio of collection is based on Elmore Road only for 1985
116
COUNTY OF WELD
STATE or COLORADO
Computation of Legal Debt Margin
(Unaudited)
December 31, 1985
Assessed Value, 1984 $ 820,747,830
Debt Limit 3 Percent of Assessed Value 24,622,435
Amount of Debt Applicable to Limit:
Total Bonded Debt $ -
Installment Purchase Agreements -
Total Amount of Debt Applicable to
Debt Limit
Legal Debt Margin $ 24,622,435
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 Relating to Bonded Debt
(Unaudited)
December 31, 1985
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, 1985
C. Ratio of Annual Debt Service for General Bonded Debt to Total General
Expenditures - Last Ten Years
D. Revenue Bond Coverage - Last Ten Years
117
COUNTY OF WELD
STATE Or COLORADO
Demographic Statistics
(Unaudited)
December 31, 1985
1. Population: 1960 - 72,344
1970 - 89,297
1975 - 111,901
1980 - 123,438
1983 - 132,513
1984 - 131,746
1985 - 133,922
2. Estimated Median Age: 26.7 (1980 Census)
28.5 (1983)
26.7 (1984)
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
1984 - $1,317,329,000
4. Per Capita Income
For Years Available: 1970 - $ 3,111
1971 - $ 3,527
1972 - S 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)
$21,286 (1984)
6. Population Per Household 1970 - 3.09
1980 - 2.79
1983 - 2.75
1984 - 2.79
7. Housing Units 1970 - 28,896
1980 - 46,475
1983 - 46,059
1984 - 49,538
Source: Greeley Area Chamber of Commerce Survey and U.S. Census data.
118
COUNTY OF WELD
STATE-OF COLORADO
Property Value, Construction Bank Deposits
and Other Economic Indicators
(Unaudited)
Last Ten Years
1975 1980 1983 1984 1985
Property Value - estimated actual
value (millions) $ 1,264.1 $ 2,948.7 $ 2,963.7 $ 3,158.7 $ 3,393.9
Building Permits 1,339 1,241 2,699 2,450 2,519
Estimated Construction (millions) $ 20.6 $ 23.8 $ 13.0
Bank Deposits (millions) $ 363.2 $ 524.5 $ 664.5 * *
Retail Sales (millions) $ 878.0 $ 781.3 $ 1,023.0 $ 1,022.9 $ 1,118.0
Value of Crop Production (millions) $ 134.6 $ 185.0 $ 184.6 $ 284.5 $ 191.0
Other years' data not available •
* Information not available.
Source: Greeley Area Chamber of Commerce Survey
119
COUNTY OF WELD
StATE OF COLORADO
Principal Tarayers
(anauditeal
December 31, 1985
Per Cent
1985 Of Total
Assessed Assessed
Valuation Valuation
Amoco Production Company $ 92,684,290 10.45%
Eastman Kodak 50,467,270 5.69%
Public Service Company of Colorado 26,038,800 2.94%
MGF Oil Corporation 12,111,020 1.37%
Mountain States Telephone & Telegraph 11,598,900 1.31%
Weeks Energy 10,926,590 1.23%
Panhandle Eastern Pipeline Company 10,716,000 1.21%
Macey & Mershon Oil Company 9,867,650 1.11%
Energy Oil Company 9,713,130 1.10%
Vessels Oil & Gas Company 7,517,010 .85%
120
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics
(Unaudited)
December 31, 1985
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, 1985 Elected Officials - 10
Division Heads - 5
Department Heads - 8
Other Full Time Employees - 791
Part Time Employees - 300
7. Miles of Roads: Paved - 515.3
Unpaved - 2,818.8
8. Building Permits: No. of
Year Permits Valuation
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
1984 2,450 $ 44,854,598
1985 2,519 $ 37,423,180
9. Motor Vehicle Registration: 1976 - 108,529
1977 - 122,133
1978 - 143,888
1979 - 133,437
1980 - 125,970
1981 - 129,159
1982 - 130,952
1983 - 132,458
1984 - 139,521
1985 - 136,444
10. Special Districts
within County: 29 - Cities and Towns
18 - Schools
23 - Fire
12 - Water
2 - Colleges
15 - Sanitation
11. Cities and Towns: Ault Gilcrest Lochbuie
Eaton Greeley Mead
Erie Grover Milliken
Evans Hudson New Raymer
Dacono Johnstown Nunn
Firestone Keenesburg Pierce
Frederick Keota Platteville
Ft. Lupton Kersey Rosedale
Garden City Lasalle Severance
Brighton JT Windsor
12. Recreation: Golf Courses - 5
City and Regional Parks
Island Grove Recreational Complex
Greeley Recreation Center
121
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics - Continued
(Unaudited)
December 31, 1985
13. Libraries: Greeley Library 123,440 Volumes
University of No. Colo. 722,671 Volumes
Weld County Library 166,030 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
1984 General Election 56,311 47,632 84.6
15. Media Newspapers: The Greeley Tribune
The Banner
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
Evans Star Press
The Centennial News
Radio Stations: KFKA/KGBS
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, 1985: State - 3%
Source: Greeley Area Chamber of Commerce/County offices.
•
122
COUNTY OF WELD
STATE OP COLORADO.
Insurance In Force
(Unaudited)
December 31, 1985
Policy Period Details of Annual
Name of Company Policy Number Begins Expires Coverage Liability Limits Premiums
Lloyds of London ISL3030/IC04005 1/15/83 1/15/86 Property Damage, Property - Excess of
Automobile $100,000 up to
Liability, $500,000
and Worker's General & Automobile
Compensation Liability - Excess
$100,000 up to
$250,000
Errors & Ommissions -
Excess of $100,000
up to $200,000
Workers' Compensation
Excess of $100,000
up to $200,000 $ 93,780
Lloyds of London ISL3031/IC04006 1/15/83 1/15/86 Casualty buffer $450,000
Drop down coverage $ 5,500
Fireman's Fund XSP1512898 1/15/85 1/15/86 Excess Property $20,000,000/Occurrence
- Excess of $500,000/
Occurrence $ 13,843
International
Surplus Lines
Ins. Co. XSI10076 1/15/85 1/15/86 Excess General $5,000,000 X Primary
Liability,
Automobile Liability,
Public Official
Liability & Workers'
Compensation $ 59,049
U.S. Fire
Insurance Co. 522 0581517 1/15/85 1/15/86 Excess General $5,000,000 X $5,000,000
Liability,
Automobile
Liability, Public
Official Liability &
Workers' Compensation $ 4,000
Zurich American
Insurance Co. BM-31-93-524-00 1/15/83-Continue Boiler & $10,000,000
until cancelled Machinery $ 2,933
International Surplus
Insurance Co. 524-055020-4 1/15/85 1/15/86 Public Officials, $1 000,000 Limit
Errors & $25,000 each loss/
Ommission $10,000 each insured
retention $ 8,839
Note: Self-insured loss fund of $340,000 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.
123
COUNTY OF WELD
STATE OP COLORADO
Salaries of Principal Officials
(Unaudited)
December 31, 1985
ELECTED OFFICIALS:
Commissioners $ 28,000
Clerk & Recorder $ 28,000
Treasurer $ 28,000
Assessor S 28,000
Sheriff $ 30,000
District Attorney $ 62,500
APPOINTED:
County Attorney $ 62,376
Director of Planning $ 33,648
Director of Finance and
Administration $ 68,856
Director of Building and
Grounds $ 38,064
Director of Ambulance Services $ 41,641
County Engineer $ 45,252
Director of Social Services $ 51,192
Director of Health Department $ 77,892
Director of Library $ 33,648
Director of Human Resources $ 45,252
Director of Information Services $ 60,852
Director of Purchasing $ 32,028
Director of Personnel $ 39,012
Comptroller $ 42,012
Director of Emergency Management $ 23,232
Surety Bond Coverage for Principal Officials
(Unaudited)
December 31, 1985
District Attorney $ 5,000
Commissioner $ 25,000
Treasurer $ 250,000
Sheriff $ 20,000
Assessor $ 6,000
Coroner $ 5,000
County Clerk $ 25,000
County Clerk (Titles & Deeds) $ 5,000
Director of Finance and
Administration $ 100,000
Note: All bonds are issued by the St. Paul Insurance Company and are on file
with the Weld County Clerk and Recorder.
124
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