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Home My WebLink About850958.tiff COMPREHENSIVE ANNUAL *ft FINANCIAL 1111111e REPORT COLORADO Year Ended December 31 , 1984 COUNTY of WELD STATE of COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT COUNTY OF WELD STATE OF COLORADO YEAR ENDED DECEMBER 31, 1984 Issued by: Department of Finance & Administration Donald D. Warden, Director Finance and Administration INTRODUCTORY SECTION WliDc. TABLE OF CONTENTS Page INTRODUCTORY SECTION Table of Contents 1 Letter of Transmittal 7 Municipal Finance Officers Association Certificate of Conformance 14 Organization Chart 15 Principal County Officials 16 FINANCIAL SECTION GENERAL PURPOSE FINANCIAL STATEMENTS Auditor's Report 17 COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS 18 COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS 20 COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - ALL GOVERNMENTAL FUND TYPES 22 COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS/FUND BALANCES - ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS 24 COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS 25 NOTES TO FINANCIAL STATEMENTS 26 COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS AND SCHEDULES GENERAL FUND BALANCE SHEET 43 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE 44 Schedule of Revenue Compared with Estimate 45 Schedule of Expenditures Compared with Budget 46 Schedule of Operating Transfers—Out Compared with Budget 48 SPECIAL REVENUE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS 50 COMBINING BALANCE SHEET 52 1 TABLE OF CONTENTS - (CONTINUED) Page SPECIAL REVENUE FUNDS (Continued) : COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES 54 Road and Bridge Fund - Schedule of Revenue Compared with Estimate 56 Road and Bridge Fund - Schedule of Expenditures Compared with Budget Road and Bridge Fund - Schedule of Operating Transfers-In Compared with Estimate 57 Social Services Fund - Schedule of Revenue Compared with Estimate Social Services Fund - Schedule of Expenditures Compared with Budget 58 Federal Revenue Sharing Fund - Schedule of Revenue Compared with Estimate Federal Revenue Sharing Fund - Schedule of Operating Transfers-Out Compared with Budget 59 Conservation Trust Fund - Schedule of Revenue Compared with Estimate Conservation Trust Fund - Schedule of Expenditures Compared with Budget 60 Contingent Fund - Schedule of Revenue Compared with Estimate Contingent Fund - Schedule of Operating Transfers- In Compared with Estimate Contingent Fund - Schedule of Operating Transfers- Out Compared with Budget 61 Public Health Fund - Schedule of Revenue Compared with Estimate Public Health Fund - Schedule of Expenditures Compared with Budget Public Health Fund - Schedule of Operating Transfers-In Compared with Estimate 62 Library Fund - Schedule of Revenue Compared with Estimate Library Fund - Schedule of Expenditures Compared with Budget Library Fund - Schedule of Operating Transfers-In Compared with Estimate 63 Human Resources Fund - Schedule of Revenue Compared with Estimate Human Resources Fund - Schedule of Operating Transfers-In Compared with Estimate 64 Human Resources Fund - Schedule of Expenditures Compared with Budget 65 2 TABLE OF CONTENTS - (CONTINUED) Page SPECIAL REVENUE FUNDS (Continued) : Solid Waste Fund - Schedule of Revenue Compared with Estimate Solid Waste Fund - Schedule of Operating Transfers-Out Compared with Budget 66 Subdivision Park Site Fund - Schedule of Expenditures Compared with Budget 67 Housing Authority Fund - Schedule of Revenue Compared with Revenue Housing Authority Fund - Schedule of Expenditures Compared with Budget 68 CAPITAL PROJECTS FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS 69 BALANCE SHEET 70 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 71 Capital Expenditures Fund - Schedule of Revenue Compared with Estimate Capital Expenditures Fund - Schedule of Expenditures Compared with Budget Capital Expenditures Fund - Schedule of Operating Transfers-In Compared with Estimate 72 SPECIAL ASSESSMENT FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS 73 BALANCE SHEET 74 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 75 Improvement District - Road 5 - Schedule of Revenue Compared with Estimate Improvement District - Road 5 - Schedule of Expenditures Compared with Budget Improvement District - Road 5 - Schedule of Operating Transfers-In Compared with Estimate 76 Improvement District Number 1983-2 Elmore Road Schedule of Revenue Compared with Estimate Improvement District Number 1983-2 Elmore Road Schedule of Expenditures Compared with Budget 77 3 TABLE OF CONTENTS - (CONTINUED) Page INTERNAL SERVICE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS 79 COMBINING BALANCE SHEET 80 COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL 81 COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS 82 COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION 83 Motor Vehicle Fund - Schedule of Operating Revenue Compared with Estimate Motor Vehicle Fund - Schedule of Operating Expenses Compared with Budget 84 Motor Vehicle Fund - Schedule of Non-operating Revenue Compared with Estimate Motor Vehicle Fund - Schedule of Fixed Asset Acquisitions Compared with Budget 85 Printing and Supply Fund - Schedule of Operating Revenue Compared with Estimate Printing and Supply Fund - Schedule of Operating Expenses Compared with Budget 86 Computer Services Fund - Schedule of Operating Revenue Compared with Estimate Computer Services Fund - Schedule of Operating Expenses Compared with Budget Computer Services Fund - Schedule of Fixed Asset Acquisitions Compared with Budget Computer Services Fund - Schedule of Operating Transfers-In. Compared with Estimate 87 Insurance Fund - Schedule of Operating Revenue Compared with Estimate Insurance Fund — Schedule of Operating Expenses Compared with Budget Insurance Fund - Schedule of Non-operating Revenue Compared with Estimate 88 TRUST AND AGENCY FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS 89 COMBINING BALANCE SHEET 90 STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES - ALL PENSION TRUST FUNDS 92 4 TABLE OF CONTENTS - (CONTINUED) Pap_ TRUST AND AGENCY FUNDS (Continued) : STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PENSION TRUST FUNDS 93 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL EXPENDABLE TRUST FUNDS 94 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES -ALL AGENCY FUNDS 95 North Colorado Medical Center Trust Fund - Schedule of Revenue Compared with Estimate North Colorado Medical Center Trust Fund - Schedule of Expenditures Compared with Budget 96 Health Insurance Fund - Schedule of Revenue Compared with Estimate Health Insurance Fund - Schedule of Expenditures Compared with Budget 97 Antelope Hills Trust Fund - Schedule of Revenue Compared with Estimate 98 GENERAL FIXED ASSETS ACCOUNT GROUP SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCES 99 SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY 100 SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY 101 GENERAL LONG-TERM DEBT ACCOUNT GROUP SCHEDULE OF GENERAL LONG-TERM DEBT - BY SOURCES 103 STATISTICAL SECTION General Governmental Expenditures by Function 106 General Revenue by Source Property Tax Levies and Collections 108 Assessed and Estimated Actual Value of Taxable Property Property Tax Rates and Tax Levies - All Overlapping Governments 109 Special Assessment Collections 110 Computation of Legal Debt Margin 111 Tables Relating to Bonded Debt 5 TABLE. OF CONTENTS - (CONTINUED) Page STATISTICAL SECTION (Continued) : Demographic Statistics 112 Property Value, Construction, Bank Deposits and Other Economic Indicators 113 Principal Taxpayers 114 Miscellaneous Statistics 115 Insurance in Force 117 Salaries of Principal Officials Surety Bond Coverage for Principal Officials 118 6 (1 DEPARTMENT OF FINANCE AND ADMINISTRATICN '�,,,,, , PHONE(iO3 56 107'.EX? 1 1., r " O BOF GREE_EY, OGLOPADO BO . WilliC. COLORADO June 20, 1985 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, 1984 is presented on behalf of the Board and published as a public document. This report was prepared by the County's Finance Department. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the County. It is believed the data, as presented, is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the County as measured by the financial activity of the various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the County's financial activity have been included. ACCOUNTING SYSTEM AND BUDGETARY CONTROL The County's accounting records for general governmental operations are maintained on a modified accrual basis, with the revenue being recorded when available and measurable and expenditures being recorded when the services or goods are received and the liabilities are incurred. Accounting records for the proprietary funds and fiduciary pension trust funds are maintained on the accrual basis. In developing and altering the County's accounting system, consideration is given to the adequacy of internal accounting controls. Internal accounting controls are designed to provide reasonable, but not absolute, assurance regarding: the safeguarding of assets against loss from unauthorized use or disposition, and the responsibility of financial records for preparing financial statements and maintaining accountability for assets. 7 Honorable Board of Commissioners — Continued: The concept of reasonable assurance recognizes: ▪ the cost of a control should not exceed the benefits likely to be derived, and • the evaluation of costs and benefits requires estimates and judgements by management. All internal control evaluations occur within the above framework. It is believed that the County's internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. Budgetary control was maintained at the department level by the encumbrance of estimated purchase amounts prior to the release of purchase orders to vendors. Purchase orders which result in an overrun of department balances are not released until additional appropriations are made available. Open encumbrances are reported as a reservation of fund balance at December 31 , 1984. A new automated purchasing system integrated with the accounting system was developed and made operational in 1984 to enhance financial management in Weld County. The entire financial system as implemented has on-line inquiry capabilities for all departments and on-line input for the Accounting staff. THE REPORTING ENTITY AND ITS SERVICES The funds and entities related to the County of Weld included in our Comprehensive Annual Financial Report are controlled by or dependent on the County. Determination of "controlled by or dependent on" is based on criteria developed by the Federal Bureau of The Census. Criteria deal with existence as an organized entity; governmental character; and substantial autonomy. Based on these criteria the various funds and account groups (being all the funds and account groups of the County) shown in the Table of Contents are included in this report. The North Colorado Medical Center (NCMC) , although governed by board members who are directly appointed by the Board of County Commissioners , is considered by Census to be a separate government because: (1) it is an organized entity; (2) it has governmental character; and (3) it is substantially autonomous. Audited financial statements for the North Colorado Medical Center are not included in this report. However, such statements are available upon request from the NCMC business office at the hospital. The Weld County Housing Authority is a dependent unit which is considered a part of Weld County. Financial data for it are included in the financial statements in this report. 8 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 $43,513,962 in 1984, an increase of 11 .0% over 1983. General property taxes and specific ownership taxes produced 36.6% of general revenue compared to 36.92 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 V for 1984 Taxes $15,932,964 36.6% $ 880,976 Licenses and Permits 669,934 1 .5 34,289 Intergovernmental. Revenue 19,284,616 44.4 491,953 Charges for Services 1,541,52.0 3.5 135,161 Fines and Forfeits 37,592 0. 1 10,925 Miscellaneous Revenue 4,513,881 10.4 813,209 Fee Accounts 1 ,533,455 3.5 228,339 Total $43,513.962 100.0% $2,594.852, Assessed values of $870.5 million represented an increase of 3.8% over the preceding year. The increase is primarily attributed to oil production activity in Weld County. The mill levy of 17.369 mills is up .197 mills, or 1.15% over the previous year. With the passage of State Constitutional Amendment No. 1 in November,. 1982, the assessment ratio and property tax exemptions changed in the State of Colorado. Assessed values for the 1983 appraisal for taxes paid in 1984 changed from a 30 percent of actual value to 29 percent for land and commercial property and to 21 percent for residential property with the base year going from 1973 to 1977 values. The assessed value for Weld County, because of these tax law changes, impacted Weld County's assessed value by slightly over one percent compared to many counties in Colorado that had 10-20% reappraisal changes. 9 Honorable Board of Commissioners - Continued: Current tax collections were 99. 11% of the tax levy, down .25% from last year. Delinquent tax collections were $131,428, compared with $97,625 last year. Allocations of property tax by purpose for 1984 and the preceding year are shown as follows: 1983 1984 Purpose Mtlls Malls General Fund 9.707 10.683 Special Revenue Funds 6.016 5.297 Capital Project Funds .246 .R30 Expendable Trust Funds .650 0.000 Intergrovernmental Service Funds .553 .559 Total Tax Rate 17. 172 11.369 Intergovernmental Revenue represented 44.47 of total general goon-nmental revenue, compared with 47.9% for the preceding year. Expenditures for general governmental purposes total $µ2,688,891 an increase of 11 .47 over 1983. 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 $ 6,082,536 14.3% $ 357,399 Public Safety 6,2.94,660 14.7 718,779 Public Works 8, 136,114 19. 1 419,2.37 Public Health & Welfare 13,799,706 22.3 (161 ,819) Culture & Recreation 745,414 1 .7 192,12 Conservation of Natural Resources 10,096 0.0 -0- Economic Assistance 3,764,925 8.8 471,427 Capital Outlay 1,347,365 3.2 967,611 Debt Service 1,018,741 2.4 1,016,461 Inteagovernmental Expenditures 415,102 1.0 (16,637) Miscellaneous 1,074,232 2.5 388,986 Total $42.688.891 100.0% $4,353 ,6'!2 10 Honorable Board of Commissioners - Continued: Weld County's finances were impacted in 1984 by population growth and demand for additional or expanded services in all areas of the County. The County has been obliged to provide these 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 expenses of County government will continue to rise. Federal and state budget reductions have slowed the growth of intergovernmental revenues. The local economic conditions, especially a poor agricultural economy, did not allow economic growth and expansion of employment in the County. Factors positively impacting Weld County's finances were oil royalty revenue, high interest earnings, and increased State set fees in the elected officials' offices. Unreserved fund balance and retained earnings in the major operating funds were maintained at adequate levels. The General Fund fund balance of $1 ,070,798 was down $3,552 from last year. The $4,335,282 balance in the Special Revenue Funds was up from the previous year by 27.5%. DEBT ADMINISTRATION In 1984 the County continued to have no bonded indebtedness, nor does it have any significant lease/purchase agreements for public facilities or equipment. With the passage of HB 1579 in 1981, Section 30-35-201, C.F..S. , 1973 now allows the debt ceiling to be 3% of the assessed valuation of the County. Thus, Weld County maintains over a twenty-six million dollar allowable debt capacity in accordance with Colorado State Statutes. CASH MANAGEMENT Cash temporarily idle during the year was invested in time deposits ranging from 10 to 180 days to maturity. Interest earned on investments of cash held by the County Treasurer was recorded as revenue in the General Fund, with exception of interest attributed to the Federal Revenue Sharing Fund, Insurance Fund, Health Insurance Fund, Antelope Hills Trust Fund, and the interest earned on certain deposits held for other taxing authorities. The amount of interest earned was $1,587,280 in 1984. CAPITAL PROJECT FUNDS Effective April 5, 1984, Section 29-1-301(1 .2) , CRS, 1973, required that all capital projects for general County use be accounted for in a Capital Expenditure Fund. The Capital Expenditure Fund was created, which was formerly the Public Works - County Buildings Fund. The Capital Expenditure Fund had a fund balance of $282,367 at the end of 1984. Anticipated or designated projects pending at the end of 1984 for the funds accumulated total $650,341 for the expansion and remodeling of the County jail. 11 Honorable Board of Commissioners - Continued: GENERAL FIXED ASSETS The General Fixed Assets of the County are the fixed assets used in the performance of general governmental functions and exclude the fixed assets of the Internal Service Funds. As of December 31, 1984, the General Fixed Assets of the County amounted to $20,715,952. 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 The local economy, heavily dependent upon agriculture and oil production, continued to be somewhat depressed. The local economic conditions have improved in the area of lower unemployment and have allowed the costs of human service programs provided in Weld County to remain stable. Lower interest rates could adversely impact interest revenues in 1985 compared to 1984. With the Federal deficit problem it appears that General Revenue Sharing . will only be funded through September 30, 1986. Loss of Revenue Sharing will result in a $1 .4 million reduction in revenue. Plans to cope with this impact are being developed for certain budgetary action in the last half of 1985 and the 1986 budget. 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 Conformance in Financial Reporting to the County of Weld, State of Colorado for its comprehensive annual financial report for the fiscal year ended December 31, 1983. In order to be awarded a Certificate of Conformance, a government must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. 12 Honorable Board of Commissioners -- Continued: A Certificate of Conformance is valid for a period of one year only . We believe our current report continues to conform to Certificate of Conformance Program requirements, and we are submitting it to GFDA 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 1984 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, 1984. The preparation of this report could not be accomplished w'thout the efficient and dedicated services of the entire staff of the Accounting/Finance Department. I should like to express my appreciat;_on to all members of the department who assisted and contributed to its preparation. I should also like to thank the members of the Board of County Commissioners for their interest and support in planning and conducting financial operations of the County in a responsible and progressive manner. Res ctfully su itted� / Donald D. W rden, Director Finance and Administration DDW/ch 13 Certificate of Conformance in Financial Reporting Presented to County of Weld, State of Colorado For its Comprehensive Annual Financial Report for the Fiscal Year Ended December 31, 1983 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. O,E OfF,, dot 4- am Sim resident MIO c CMS CORPORATION g U1}(////i r�D/�/,'(�//- �� SEA1, Rti ,�'r/ 4 ridge CMI[44o P Executive Director 14 a - .--_ 0 ell L CI CC 'U �. �. W0 G OJ c a W et In o Q CC ri > ° 0 z U. 0 1/1 in xp L L1 •u O p� a p= W ix _O y 1 V _ N JW .8 20 O = m 0g 4 V K a �. om V N -_m_. T —1_ _r Z N N C G O T O Z L 1 r- �' O J. CO Co a W N U F Z H U > TI 'M 0 N F �� 0 0 C 0 0 0 'w 'a O i C N O 6 u E 0 < 0 N 0 U. N +I a A. A% W .+ E M Co �+ ti O o VN 0 0 z en > O N 0 a T T -. - q II ••••CG W L U GE 0 E C L L 00 z •r! •C E > U N O w ° ° WO c L EE 4 V a a N +'I u u 4 °'� M L c0 '1 C m OFF > V N C N 0 N •H GI L Co V c°. {J in U w 0 > •> ° E *-1 G N ,� '+-• .N ,r W liCt W Vl V >,•H N N G N N W m CC5 c C] P 00 0 V V M a 0 G N N L W k1 m ° 00XI4F00 G UUa o '" 0Jgc _ _ O F �R z in a Z z 40oc 0000 T Oin O O E . N ..i W cc ~ N L C ¢Z 0 0 2 N U• 14 W Q o w C N .] N 0 0 M .a P II s • -.r a m a. w c. E 'a 9 .r Q 00101 Z • N •O q L N N �- C C W 0 d O N N N 6 m (y C GO C w N N N 1• L W N id ✓ N K C 4 q C.M OE N Ct o a � ba : � aa � � s • ,--� O W v Co c a z ° a v s ta 00 C 0 m N Z +0+ ti OH 0 m ii V -°. w C c; -c - m •.GiOI > w 'v I W N 5 W m I. GI >, F E ° O o v c 0 a o 00 m U 5 U a a Z _r .- X m v a s, S in u H •C u N PI O ..°. m 0 cm w 0 04 c q . %• H a. u u L 4 O N�.-i 0 0 U V N 'Ea •0 r' m .i.. mt0� I. 0 0 0 00 .-1 .0 'M 5-9 Z E P 6 V1 0 o E N E N > CO dE Cl. n a U Q a z z a z a ¢ 0 0 o c a • _ O N — - Cu NI Co I r' L > mMil u L ~ -•Z N WC W 00 C G O Co p •N0-1 LJ 1. L 0 U OGG N ri -Ni CJ ..�01 0 ~0 Cg W v u ti m C V Z K 0 .N o U w N o 0 3 0 co au c 0 7 4. N aC_ N —w 00 irl — a. V >., C.) 1 L N'' Cu U A G C Cl. C o, .-i N C Da L T -o •-I C .+ W P ' L oz co J G G Si NCO 0 10 a w u O E o W Q C LO CI u C N ••.1 4 u C. E 0 .E4 U (: w`• a. 04 Q u •.-i 0 •.~-I C C 6 a C in C V o v a a 0 vi — — - - — ' 15 COUNTY OF WELD STATE OF COLORADO PRINCIPAL COUNTY OFFICIALS December 31, 1984 Board of County Commissioners Norman Carlson Gene Brantner Chuck Carlson Jacqueline Johnson John Martin Director of Finance and Administration Donald D. Warden Comptroller Claud Hanes Independent Auditor Dollarhide & Schwartz Certified Public Accountants 16 FINANCIAL SECTION WIiDc. GENERAL PURPOSE FINANCIAL STATEMENTS #6Thm INAc cilDOLLARHIDE & SCHWARTZ CERTIFIED PUBLIC ACCOUNTANTS P.O.BOX 310 1122 9th STREET• SUITE 102 GREELEY.COLORADO 80632 (3031352 7497 Board of County Commissioners Weld County, Colorado Greeley, Colorado We have examined the combined financial statements of Weld County, Colorado, as of and for the year ended December 31, 1984, as listed in the table of contents. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the combined financial statements referred to above present fairly the financial position of Weld County, Colorado, at December 31, 1984, and the results of its operations and the changes in financial position of its proprietary fund types for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. Our examination was made for the purpose of forming an opinion on the combined financial statements taken as a whole. The accompanying supplemental statements and schedules, listed as Combining Statements, Individual Fund and Account Group Statements, and Schedules listed in the table of contents, are presented for purposes of additional analysis and are not a required part of the combined financial statements of Weld County, Colorado. The information has been subjected to the auditing procedures applied in the examination of the combined financial statements and, in our opinion, is fairly stated in all material respects in relation to the combined financial statements taken as a whole. Our examination did not include the information presented in the Statistical Section and, accordingly, we express no opinion on it. ��Q� DOLLARHIDE & SCHWARTZ Greeley, Colorado June 19, 1984 1 COUNTY OF WELD STTATF OF COLOR7i00 COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS December 31, 1984 General Fund Types Special Capital Special General Revenue Projects _Assessment ASSETS ASSETS: Cash with treasurer $ 799,141. $ 4,231,773 $ 285,576 $ 65,765 Cash - other 144,705 21,357 -0- -0- Investments -0- -0- -0- Receivables (net where applicable of allowance for uncollectibles): Accounts 318,017 1,582,064 -0- -0- Special Assessments: Current -0- -0- -0- 1,282 Deferred -0- -0- -0- 7,692 Current property taxes 9,979,523 4,742,764 394,798 -0- Delinquent property taxes 131,575 65,410 -0- -0- Due from other governmental units 804,700 1,639,032 -0- -0- Due from other county funds 177,992 290,154 -0- 117,000 Inventories 19,302 618,264 -0- -0- Advance to Special Assessment Fund 8,974 -0- -0- Prepaid expenses 24,575 1,576 -0- -0- Land -0- -0- -0- -0- Land under capital lease -0- -0- -0 -0- Land improvements -0- -0- -0- -0- Buildings -0 -0- 0- _0- Equipment and furniture -0- -0- -0- Less: Accumulated depreciation -0- -0- -0- -0- Amount to be provided for retirement _0_ of general long-term debt -0- -0- -0- — ---- TOTAL ASSETS $ 12,408,504 $ 13,192,394 $ 680,374 $ 191,739 LIABILITIES AND FUND EQUITY LIABILITIES: Warrants h vouchers payable $ 205,306 $ 291,127 $ 5,825 $ O_ Accrued liabilities 441,444 312,111 Due to other governmental units 145,653 710,193 -0- -0- Due to other county funds 419,287 669,605 154 2,002 Current portion of capital lease -0- -0- obligation -0- -0- Deferred revenue 9,991,598 6,539,647 392,028 7,692 Advance from General Fund: _ -0- 1,282 Current -0- -0 Deferred -0- -0- -0- 7,692 Unexpended grant revenue 59,706 -0- -0- -0- Other liabilities -0- 55,525 -0- -0- Capital lease obligation -0- -0- -0- -0- Bonds payable: 100 000 Current -0- -0- -0- Deferred -0- -0- -0- __ 900,000 Total Liabilities 11,262,994 8,578,208 398,007 _ 1,018,668 FUND EQUITY: -0- -0- Investments in general fixed assets -0- -0' Contributed capital -0- -0- -0- -0- Retained earnings: _p_ -0- Reserved for claims -0- -0- Unreserved -0- -0- -0- -0- Fund balances: 10T. 750 Reserved 74,712 183,086 4,645 , Unreserved: Designated for subsequent year's expenditures 174,666 989,925 300,000 -0- Undesignated 896,132 3,441,175 (22,278) - (929,679) Total Fund Equity (deficit) 1,145,510 4,614,186 282,367 _ (826,929) TOTAL LIABILITIES AND FUND EQUITY $ 12,408504 S 13,192,394 $ 680,374 $ - 191,739 18 The Notes to Financial. Statements are an integral part of this schedule. Proprietary Fiduciary Fund Type Fund Type Account Groups Memorandum Total Internal Trust and General General Fiscal Year Fiscal I-a Service Agency Fixed Assets Long-term Debt 1984 1983 $ 1,454,263 $ 15,070,360 $ -0- $ -0- $ 21,906,878 S 16,957,312 7,500 6,432 -0- -0- 179,994 147,516 -0- 12,814,241 -0- -0- 12,814,241 10,883,006 172,765 245,085 -0- -0•• 2,317,931 852,598 -0- -0- -0- -0- 1,282 1,282 -0- -0- -0- -0- 7,692 8,974 511,095 255,692 -0- -0- 15,883,872 15,119,720 6,750 8,769 -0- -0- 212,504 154,546 3,756 -0- -0- -0- 2,447,488 2,244,597 579,338 24,245 -0- -0- 1,188,729 942,091 191,195 -0- -0- -0- 828,761 1,049,229 -0- -0- -0- -0'- 8,974 10,256 8,935 30,497 -0- -0- 65,583 47,307 412,329 -0- 1,494,619 -0- 1,906,948 1,405,398 274,820 -0- -0- -0- 274,82.0 274,820 19,344 -0- 205,360 -0- 224,704 223,073 709,102 -0- 16,619,667 -0- 17,328,769 16,549,593 9,718,985 -0- 2,396,306 -0- 12,115,291 13,036,279 (5,356,532) -0- -0- -0- (5,356,532) (4,530,545) -0- -0- -0- 897,570 897,570 - 884,392 8,713,645 $ 28,455,321 S 20,715,952 $ 897,570 $ 85,255,499 $ 74,261,444 $ 128,600 $ 469,076 $ -0- $ -0- S 1,099,934 5 1,078,860 142,766 -0- -0- 897,570 1,793,891 1,775,938 -0- 10,631,531 -0- -0- 11,487,377 7,149,795 41,669 56,012 -0- -0- 1,188,729 1,485,084 1,000 -0- -0- -0- 1,000 1,000 511,095 256,397 -0- -0- 17,698,457 16,145,506 -0- -0- -0- -0- 1,282 1,282 -0- -0- -0- -0- 7,692 8,974 -0- -0- -0- -0- 59,706 119,906 -0- 180,907 -0- -0- 236,432 29,022 -0- -0- -0- -0- -0- 39,710 -0- -0- -0- -0- 100,000 -0- -0- -0- -0- -0- 900,000 _ -0- 825 130 11,593,923 -0- 897,570 34,574,500 ..._2...„_e.2.„78"4 _077 7835,077 -0- -0- 20,715,952 -0- 20,715,952 19,214,379 5,568,379 -0- -0- -0- 5,568,379 5,533,841 438,398 -0- -0- -0- 438,398 291,234 1,881,738 -0- -0- -0- 1,881,738 1,430,738 -0- 9,267,695 -0- -0- 9,632,888 7,831,357 -0- -0- -0- -0- 1,464,591 1,957,179 -0- 7,593,703 -0- -0- 10,979,053 10,167,639 7,888,515 16,861,398 20,715,952 -0- 50,680,999 46,426,367 $ 8,713,645 S 28,455,321 S 20,715,952 S 897,570 $ 85,255,499 $ 74,261,444 19 COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS December 31, 1984 Governmental Fund TyEes Special Capital Special General Revenue Projects Assessment REVENUE: Taxes $ 9,463,456 $ 5,688,178 $ 192,091 $ -0- Licenses and permits 337,700 332,234 -0- -0- Intergovernmental revenue 687,986 18,596,630 -0- Charges for services 1,024,306 517,214 -0- -0- Fines and forfeitures 29,412 8,180 -0- -0- Miscellaneous revenue 2,548,257 694,301 -0- 25,786 Fee accounts 1,533,455 -0- -0- -0- Total Revenue 15,624,572 25,836,737 192,091 2.5 ,786 EXPENDITURES: Current Operating: General government 6,082,536 -0- -0- -0- Public safety 6,294,660 -0- -0- -0- Public works 503,880 7,632,234 -0- -0- Public health and welfare 69,458 13,730,248 -0- -0- Culture and recreation 113,532 631,882 -0- -0- Conservation of natural resources 10,096 -0- -0- -0- Economic assistance -0- 3,764,925 -0- -0- Capital outlay 114,298 8 _00_ 0 1,233,067 -0--Debt service 1,018,741 Inteagovernmental expenditures -0- 415,102 -0- -0- Miscellaneous 280,979 -0- -0- •0- Total Expenditures 13,469,439 26,174t391 1,233,067 _l,018,741 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES _2,155,133 (337,654) (1,040,976) (992,955) OTHER FINANCING SOURCES (USES): Operating transfers-in -0- 3,073,977 250,000 175,000 Operating transfers-out (2,169,548) (1,792,221) -0- -0- Total Other Financing Sources (Uses) (2,169,548) 1,281,756 250,000 175,000 EXCESS (DEFICIENCY) OF REVENUE AND OTHER SOURCES OVER EXPENDITURES 955) AND OTHER USES _ (14,415) 944,102 (790,976) __. (817+ FUND BALANCE, (Deficit), January 1, 1984 1,159,925 3,670,084 1,073,343 (8,974) Adjustment of Prior Periods -0- -0- -0- -0- FUND BALANCE (Deficit), January 1, 1984 as restated _ 1,159,925 3,670,984 1,073,343 — (8,974} FUND BALANCE (Deficit), December 31, 1984 $ 1,145,510 $ 4,614 1186 $ 282,367 $ (826a229) The Notes to Financial Statements are an integral part of this schedule. 20 Fiduciary Fund Types Memorandum Total Expendable Fiscal Year Fiscal Year Trusts 1984 1983 $ 589,239 $ 15,932,964 $ 15,051,988 -p- 669,934 635,645 -p- 19,284,616 18,792,663 -p- 1,541,520 1,406,359 -0- 37,592 26,667 1,245,537 4,513,881 3,700,672 -p- 1,533,455 1,305,116 1,834,776 43,513,962 40,919,110 -p- 6,082,536 5,725,137 -p- 6,294,660 5,575,881 -p- 8,136,114 7,716,877 -0- 13,799,706 13,961,545 -0- 745,414 553,262 -0- ,096 10,096 3,764,925 3,293,488 1,347,365 379,684 1,018,741 2,274 415,102 431,789 793,253 1,074,232 685,246 793,253 42,688,891 38,335,279 1,041,523 825,071 2,583,831 -0- 3,498,977 2,320,485 -p- (3,961,769) (2,746,968) (462,792) (426,483) 1,041,523 362,279 2,157,348 2,846,374 8,740,752 6,603,774 (49,285) 2,846,374 8,740,752 6,554,489 $ 3,887,897 $ 9,103,031 $ 8,711,837 21 COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL - ALL GOVERNMENTAL FUND TYPES December 31, 1984 General Special Revenue Variance Vat—Urea— Estimate/ Favorable Estimate/ Favorable Actual Budget (Unfavorable) Actual Budget (Unavorable) REVENUE: Taxes $ 9,463,456 $ 9,406,881 S 56,575 $ 5,688,178 S 5,494,107 $ 194,071 Licenses & permits 337,700 316,630 21,070 332,234 284,000 48,234 Intergovernmental revenue 687,986 512,902 175,084 18,596,630 20,550,680 (1,954,050) Charges for services 1,024,306 1,018,212 6,094 517,214 519,602 (2,388) Fines and forfeiture 29,412 28,400 1,012 8,180 7,800 380 Miscellaneous revenue 2,548,257 1,981,926 566,331 694,301 3,566 690,735 Fee accounts 1,533,455 1,494,600 38,855 -0- -0- -o- ____________ Total Revenue 15,624,572 14759,551 865,021 25,836,737 26,859,755 (1023018) EXPENDITURES: Current operating: General government 6,082,536 6,208,857 126,321 -0- -0- -0- Public safety 6,294,660 6,437,571 142,911 -0- -0- -0- Public works 503,880 540,391 36,511 7,632,234 8,473,411 841,177 Public health and welfare 69,458 69,458 -0- 13,730,248 14,919,795 1,189,547 Culture and recreation 113,532 68,649 (44,883) 631,882 821,234 189,352. Natural resources 10,096 10,096 -0- -0- -0- -0- Economic assistance -0- -0- -0- 3,764,925 3,499,454 (265,471) Miscellaneous 280,979 338,160 57,181 -0- -0- -0- Capital Outlay 114,298 126,565 12,267 -0- -0- -0- Debt services -0- -0- -0- -0- -0- -0- Intragovernmental expenditures -0- -0- -0- 415,102 435,527 _ 20,425 Total Expenditures 13,469,439 13,799,747 330,308 26,174,391 28,149,421 _1,975,030 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES 2,155,133 959,804 1,195,329 (337,654) (1,289,666) _ 952012 OTHER FINANCING SOURCES (USES): Operating transfers 1329,081.) - in -0- -0- -0- 3,073,977 3,403,058 Operating transfers - out (2,169,548) (1,926,760) (242,788) (1,792,221) (2,837,963) _ :1.0+5^742 Total Other Financing Sources (Uses) (2,169,548) (1,926,760) (242,788) 1,281,756 565,095 _— 716,661 EXCESS (DEFICIENCY) OF REVENUE AND OTHER SOURCES OVER EXPENDI- TURES AND OTHER USES (14,415) (966,956) 952,541 944,102 (724,571) 1,668,673 FUND BALANCE (Deficit), January 1, 1984 1,159,925 1,159,925 -0- 3�670,084 3,670,084 _ -0- FUND BALANCE, (Deficit), December 31, 1984 L1,14,2.2.-2 $ 192,969 1___15112111 $ 4,614,186 12_0E12152-1 $ 1,668,673 The Notes to Financial Statements are an integral part of this schedule. 22 Capital Projects Special Assessments Memorandum total Variance Variance Variance Estimate/ Favorable Estimate/ Favorable Estimate/ Favorable Actual Budget (Unfavorable) Actual _ Budget (Unfavorable) Actual Budget (Unfavorable) $ 192,091 $ 191,813 $ 278 S -0- S -0- $ -0- $15,343,725 515,092,801 $ 250,924 -0- -0- -0- -0- -0- -0- 669,934 600,60 69,304 -0- -0- -0- -0- -0- -0- 19,284,616 21,063,582 (1,778,966) -0- -0- -0- -0- -0- -0- 1,541,520 1,537,87.4 3,706 -0- -0- -0- -0- -0- -0- 37,592 36,200 1,192 -0- -0- -0- 25,786 2,660 23,126 3,268,344 1,988,152 1,280,i ? -0- -0- -0- -0- -0- -0- 1,533,455 1,494,600 38,3`,5 192091 191,813 278 25,786 2,660 231126 41,679,186 41,813,779 (134,593) -0- -0- -0- -0- -0- -0- 6,082,536 6,208,857 126,321 -0- -0- -0- -0- -0- -0- 6,294,660 6,437,571 142,911 -0- -0- -0- -0- -0- -0- 8,136,114 9,013,81)2 877,688 -0- -0- -0- -0- -0- -0- 13,799,706 14,989,253 1,189,547 -C- -0- -0- -0- -0- -0- 745,414 889,833 144,469 -0- -0- -0- -0- -0"- -0- 10,096 10,096 -0- -0- -0- -0- -0- -0- -0- 3,764,925 3,499,454 (235,471) -0- -0- -0- -0- -0- -0- 280,979 338,160 57,181 1,233,067 1,438,848 205,78] -0- -0- -0- 1,347,365 1,565,413 218,048 -0- -0- -0- 1,018,741 1,024,171 5,430 1,018,74] 1,024,171 5,430 -0- -0- -0- -0- -0- -0- 415,102 435,527 20,425 1,233,067 1,438,848 205,781 1,018,741 1,024,171 5,430 41,895,638 44,412,187 2:516,549 (1,040,976) (1,247,035) 206,059 (992,955) (1,021,511) 28,556 (216,452) (2,598,408) 2,381,956 250,000 250,000 -0- 175,000 -0- 175,000 3,498,977 3,653,058 (154,083 , -0- -0- -0- -0- 0- -0- (3,961,769) (4,764, 23) _ 802954 250,000 250,000 -0- 175 000 -0- 175,000 (462,792) (1,111,665) 643,873 (790,976) (997,035) 206,059 (817,955) (1,021,511) 203,556 (679,244) (3,710,073) 3,030,829 1 1,073,343 -0- (8,974) (8,974) -0- 5,894,378 5,894,378 --0- , , $ 282,367 1____7_6_222. S 206,059 $ (826,929)$(1,030,485) $ 203,556 $ 5,215,134 $ 2,184,305 $ 3,030,829 23 COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF REVENUES EXPENSES, AND CHANGES IN RETAINED EARNINGS/ FOND BALANCES, ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS December 31, 1984 Proprietary Fiduciary Fund Type Fund Type Memorandum Total Internal Pension Fiscal Year Fiscal. ear Service Trust 1984 1983 OPERATING REVENUE:Taxes $ 526 -0- $ 526,303 $ 497,887 Charges for services 3,925,303 $475 -0- 3,925,475 3,91.9,464 Appreciation (Depreciation) in fair value of investments -0- (1,966,026) (1,966,026) 596,348 Contributions _ -0- 1,332,786 1,332,786 1,264,108 Total Operating Revenue 4,451,778 (633,240) 3,818,538 6,277,807 OPERATING EXPENSES: Personnel services 1 ,441,721 -0- 1,441,721 1,410,110 Contractual services 499,987 -0- 499,987 241,635 Supplies 717,883 50,367 pp 717,883 -0- Materials 83,758 -0- 83,758 1,018,055 173 -0- 59,173 58,915 Heat, light and power 591,133,698 -0- 1,133,698 1,054,865 Reparianion 482 _0_ 6,482 25,618 Rep and maintenance 240,497 -0- 240,497 205,544 Ilsumsnce and bonds Claims 179,984 _0_ 179,984 414,873 0 17,990 46,073 Other expenses 17,990 Benefit payments -0- 316,266 316,266 263,080 Refunds -0- 382,735 382,735 267,431 Administrative expenses -0- 45,162 45,162 84 059 Total Operating Expenses 4,381,173 744,163 5,125,336 5,140,625 Operating Income (Loss) 70,605 (1,377,403) (1,306,798) 1,137,182 NONOPERATING REVENUE (EXPENSES): 4 715 -0- 4,715 4,057 Farm Income , -0- 94,368 95,424 Gain on sale of fixed assets 94,368 Earnings on investments 32,222 3,009,812 1 3,042,034 Judgements and damages 23,529_ -0- 384,542 8 ,52) Interest expense _ -0 -0- . Total Net Nonoperating Revenue _ 154,834 3,009,812 3,164,646 1,158,843 Income Before Operating Transfers _ 225,439 1,632,409 1,857,848 21296,025 OPERATING TRANSFERS-IN 372,725 93,754 466,479 _ 109,323 NET INCOME 598,164 1,726,163 2,324,327 2,405,848 RETAINED EARNINGS/FUND BALANCE, January 1, 1984 1,721,972 11,244,338 12,966,310 10,649,715 Adjustment of prior periods -0- -0- -0- (89,253) RETAINED EARNINGS/FUND BALANCE, January 1, 1984, as restated 1,721,972 11,244,338 12,966,310 10,560,462 RETAINED EARNINGS/FUND BALANCE, December 31, 1984 $ 2,320,136 $ 12,970,501 $ 15,290,637 $ 12,966,310 The Notes to Financial Statements are an integral part of this schedule. 24 COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS December 31, 1984 Proprietary Fiduciary Fund Type Fund Type Memorandum Total 'Internal Pension Fiscal Year. Fiscal Year Service Trust 1984 1983 WORKING CAPITAL PROVIDED: Net Income $ 598,164 $ 1,726,163 $ 2,324,327 $ 2,405,848 Items which did not require outlay of working capital: Depreciation 1,133,698 -0- 1,133,698 1,054,865 Gain on sale of fixed assets (94,368) -0- (94,368) (95,424) Adjustment, prior period -0- -0- _ -0- (89, Working capital provided by operations 1,637,494 1,726,163 3,363,657 '_;,276,036 OTHER SOURCES: Contributions from capital expenditures 14,383 -0- 14,383 -0- Contributions from other funds 20,155 -0- 20,155 10,535 Proceeds from sale of fixed assets 103,209 -0- 103,209 _ 136,149 Working Capital Provided 1,775,241 11726,163 3,501,4043,422,720 WORKING CAPITAL APPLIED: Acquisition of fixed assets 1,176,348 -0- 1,176,348 :1,280,159 Payments and current maturities of long-term debt and capital lease obligations - 39,710 -0- 39,710 _ 1,000 Working Capital Applied - 1,216,058 -0- 1,216,058 _1t2B1,1S9 INCREASE IN WORKING CAPITAL $ 559,183 $ 1,726,163 $ 2,285,346 $ 2,141,561 CHANGES IN COMPONENTS OF WORKING CAPITAL: Increase (decrease) in current assets: Cash with treasurer $ 330,532 $ 3,893 $ 334,425 $ 288,054 Cash - other -0- 3,802 3,802 (353) Investments -0- 1,750,328 1,750,328 1,938,177 Receivables: Accounts 145,955 (43,270) 102,685 132,054 Current property taxes 24,338 -0- 24,338 23,179 Delinquent property taxes 2,212 -0- 2,212 3,238 2,212) (13,238) Due from other governmental units (6,358) -0- ( , 107,040 , Due from other county funds 72,677 (137) 72,540 Inventories (179,833) -0- (179,833) (66,399) Prepaid expenses 8 7,230 16,165 _ (4,102) Net increase (decrease) 2 351 566 in current assets 398,458 1,721,846 2,120,304 �_ z (Increase) decrease in current liabilities: 43 256 (55 533) Vouchers payable 39,026 4,230 , Accrued liabilities 27,483 -0- 27,483 (111,798) Due to other governmental units -0- -0- -0- 6,100 Due to other county funds 118,554 87 118,641 (133,288) Current portion of long-term debt -0- -0- -0- 107,693 Deferred revenue (24,338) -0- (24,338) ____(.2.12.11!) Net (increase) decrease in current liabilities 160,725 4,317 165,042 __(210 005) INCREASE IN WORKING CAPITAL 1___1112112 $ 1,726,163 $ 2,285,346 $ 2,141,561 The Notes to Financial Statements are an integral part of this schedule. 25 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1984 Note 1. - Summary of Significant Accounting Policies: The accounting and reporting policies of Weld County, Colorado conform to generally accepted accounting principles as set forth by the American Institute of Certified Public Accountants and the National Council on Governmental Accounting. The following summary of significant accounting policies is presented to assist the reader in evaluating the County's financial statements. BASIS OF PRESENTATION: Each fund is an independent fiscal and accounting entity with a self—balancing set of accounts recording cash and other financial resources together with all related liabilities, residual equities and balances which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations. In addition to the funds, self-balancing account groups are established to account for the general fixed assets and general long-term debt of the County. The various funds are grouped into six generic fund types under three broad fund categories as follows: GOVERNMENTAL FUND TYPES: All governmental funds and expendable trust funds are accounted for on a spending or "financial flow" measurement focus. This means that only current assets and current liabilities are generally included on their balance sheets. Their reported fund balance (net current assets) is considered a measure of "available spendable resources". Governmental fund operating statements present increases (revenue and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of "available spendable resources" during a period. General Fund: The General Fund accounts for all financial transactions of the County that are not properly accounted for in other funds. Ordinary operations of the County such as public safety, county administration and other activities financed from taxes and general revenue are reflected in this fund. 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. 26 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1984 Capital Projects Funds: Capital Projects Funds are established to account for financial resources used for the acquisition or improvement of the capital facilities of the County. Special Assessment Funds: Special assessment funds are used to account for the financing of public improvements or services deemed to benefit the properties against which special assessments are levied. PROPRIETARY FUND TYPES: All proprietary funds and pension trust funds are accounted for on a cost of services or "capital maintenance" measurement focus. This means that all assets and all liabilities (whether current or noncurrent) associated with their activity are included on their balance sheets. Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases (revenue) and decreases (expenses) in net total assets. Internal Service Funds: Internal Service Funds are established to account for goods and services provided to other departments of the County on a cost-reimbursement basis. FIDUCIARY FUND TYPES: Trust and Agency Funds: Trust and Agency Funds are established to record transactions relating to assets held by the County in the capacity of trustee, custodian or agent for individuals, governmental entities and non--public organizations. These include expendable trust, pension trust and agency funds. Nonexpendable Trust and Pension Trust Funds are accounted for in essentially the same manner as proprietary funds since capital maintenance is critical. Expendable Trust Funds are accounted for in essentially the same manner as governmental funds. Agency Funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations. The General Purpose Financial Statements present a combined overview of all generic fund types and account groups of the County. 27 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1984 FIXED ASSETS, LONG-TERM LIABILITIES AND LONG-TERM RECEIVABLES: The accounting and reporting treatment applied to the fixed assets and long-term liabilities associated with a fund are determined by its measurement focus as discussed above. All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated fixed assets are valued at their estimated fair value on the date donated. Fixed assets used in governmental fund type operations are accounted for in the General Fixed Assets Account Group, rather than in governmental funds. Acquisitions of general fixed assets are recorded as capita] 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•-l0 years Accrued vacation and sick pay for the governmental funds are accounted for in the General Long-Term Debt Account Group. Noncurrent portions of long-term receivables clue to governmental funds are reported on their balance sheets, in spite of their spending measurement focus. Special reporting treatments are used to indicate, however, that they should not be considered "available spendable resources," since they do not represent net current assets. Recognition of governmental fund type revenue represented by noncurrent receivables is deferred until they become current receivables. Noncurrent portions of long—term loans receivable are offset by fund balance reserve accounts. 28 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1984 BASIS OF ACCOUNTING: Basis of Accounting refers to when revenue and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. The governmental 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. 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 1984 payable in 1985; 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. 29 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1984 BUDGET: An annual budget and appropriation ordinance is adopted by the Board of County Commissioners in accordance with the Colorado State Budget Act and Weld County Home Rule Charter. The budget is prepared on a basis consistent with generally accepted accounting principles for all governmental, proprietary and expendable trust funds. The accounting system is employed as a budgetary management control device during the year to monitor the individual departments (level of classification which expenditures may not legally exceed appropriations) . All annual appropriations lapse at: year end. The Director of Finance and Administration is authorized to transfer budgeted amounts within departments of each fund. Any revisions that alter the total appropriation for each department must be approved by the County Commissioners through a supplemental appropriation ordinance. During 1984, four supplemental appropriation ordinances were enacted. INVESTMENTS: Investments of the pension trust funds are stated at fair market value. PROPERTY TAXES: Property taxes attach as an enforceable lien on property as of January 1. Taxes are levied on January 1 and payable in two installments on March 1 and August 1, or in full on April. 30. The County, through the Weld County Treasurer, bills and collects its own property taxes as well as property taxes for all school districts, cities and towns and special district3. located within the county. In accordance with Section i4-7 of the Weld County Home Rule Charter, all ad valorum tax levies for county purposes, when applied to the total valuation for assessment of the County, shall be reduced so as to prohibit the levying of a greater amount of tax revenue than was levied from ad valorum taxation in the preceding year, plus five per cent (52) , 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. 30 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1984 However, no such excess levy shall be granted which will allow a greater revenue than would be produced by applying the previous year mill levy to the current years assessed valuation. If the County Council does not grant an increased levy, or the increase is beyond that which the council is authorized to grant, the question may be submitted to the qualified electors of the county at a general or special election called for that purpose. Unless authorized by the State Division of Local Government Section 26-1-125, Colorado Revised Statutes (C.R.S.) 1973, restricts the maximum mill levy for the Social Services Fund to 2.50 mills. In 1984 the mill levy in Weld County for the Social Services Fund was 2.275 mills. Section 25-3-30, C.R.S. 1973 restricts the North Colorado Medical Center Trust Fund to 3.00 mills each year. For 1984, the levy was .626 mills. Section 30-25-201, C.R.S. 1973, formerly restricting the General Fund mill levy was repealed effective June 19, 1983. Any one capital project requiring a capital expenditure out of funds procured by ad valorem taxation equal to a three mill levy for three years, shall be prohibited unless approved by a majority vote of the qualified electors at a general or special election per Section 14-8 of the Weld County Home Rule Charter. The original January 1, 1984 levies for the applicable funds of the County are as follows: Levy Mills Amount General Fund 10.683 $ 9,298,881 Road & Bridge 2.908 2,531,108 Social Services Fund 2.275 1,979,999 Contingency . 114 100,000 Capital Expenditures Fund .204 177,813 North Colorado Medical Center Trust Fund .626 545,162 IGS - Insurance .559 486,757 TOTAL 17.369 $ 15.119,72Q 31 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1984 INVENTORIES: Inventories of governmental funds, which consist of expendable materials held for consumption, are stated at the lower of cost or market, determined by the first-in, first-out method. These funds follow the consumption method of accounting whereby expenditures are recorded at the time the inventory items are used. Inventories of proprietary funds are recorded at the lower of cost or market. Cost is determined by the average cost method. INTERFUND TRANSACTIONS: Interfund transactions resulting from reimbursements, operating transfers, and charges for services rendered, are recorded as due to or due from other county funds. Residual equity transfers represent nonrecurring or nonroutine transfers of equity between funds. All other interfund transfers are recorded as operating transfers. ADVANCE TO OTHER FUNDS: Non-current portions of long-term interfund loans receivable (reported in "Advance to" asset accounts) are equally offset by a fund balance reserve account which indicates that they do not constitute "available spendable resources" since they are not a component of net current assets. Current portions of long-term interfund loans receivable (reported in "Due From" asset accounts) are considered "available spendable resources". SICK-LEAVE AND VACATION PAY: Sick—leave is earned when vested and recorded as an expenditure at the time earned. In the event of retirement or termination, an employee 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, 1984, the liability for accumulated sick-leave approximated $735,854. Unused vacation time is forfeited after 24 months from date earned. 32 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1984 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 our self-insured liability insurance fund. They are calculated by the third party administration for claims received but unsettled. Reserve for Employee Benefits: These reserves are established to record the actuarial present value of accumulated plan benefits in the Weld County Retirement Plan. 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, 1985. 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. 33 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1984 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 cf this data. FINANCIAL STATEMENTS NOT INCLUDED: The funds and entities related to the County of Weld included in our Comprehensive Annual Financial Report are controlled by or dependent on the County. Determination of "controlled by or dependent on" is based on criteria developed by the Federal Bureau of The Census. Criteria deal with existence as an organized entity; governmental character; and substantial. autonomy. Based on these criteria the various funds and account groups (being all the funds and account groups of the County) shows in the Table of Contents are included in this report. The financial statements of the North Colorado Medical Center (NCMC) are not included in the Weld County Comprehensive Annual Financial Report because NCMC is under the direction of an independent board of trustees. The County does not exert any significant influence or control over the Board of Trustees, nor does it guarantee any of it's outstanding debt. 34 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1984 Note 2 - Individual Fund Interfund Receivable and Payable Balances: Interfund receivable and payable balances at December 31, 1984 are as follows: Interfund Interfund Receivables Payables General Fund $ 177,992 $ 419,287 Special Revenue Funds: Road and Bridge Fund 128,244 392,661 Social Services Fund -0- 43,656 Public Health Fund 4,487 24,921 Library Fund -0- 13,937 Human Resources Fund 156,934 61,032 Solid Waste Fund -0- 117,000 Housing Authority Fund 489 16,398 Capital Expenditures Fund -0- 154 Special Assessment Funds: Improvement District Number 1983-2 _0- 2,002 Elmore Road Improvement District Number 1984-1 O- County Road 5 117,000 Internal Service Funds: Motor Vehicle Fund 431,447 34, 513 Printing and Supply Fund 12,441 255 Computer Services Fund 135,450 560 Insurance Fund -0- 6,341 Trust and Agency Funds: Weld County Retirement Fund 75 93 Payroll Agency Fund 24,170 17,389 Health Insurance Fund -0- 37,550 Deferred Compensation Fund -0- 980 TOTAL $1.188,729 $1,188,222 35 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1984 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 Special Internal Capital Trust/ Operating Revenue Assessment Service Projects Agency Total Transfer: General $1,653,069 $ -0- $372,725 $ 50,000 $93,754 $2,169,548 Special -0- 175,000 -0- 200,000 -0- 375,000 Total: $1,653.069 $175,000 $372,725 $250,000 $93.754 $2,544.548 Residual Equity: General -0- -0- 20,155 -0- -0- 20,155 Capital Projects -0- -0- 14,383 -0- -0- L4,383 Total $ -0- $ -0- $ 34.538 $ -0- $ -0- $,15.4,,58, Note 4 - Changes in General Fixed Assets: A summary of changes in general fixed assets follows: Balance Balance 1/1/84 Additions Deletions 12/31/84 Land $ 993,069 $ 501,549 $ -0- $ 1,494,618 Land improvements 205,361 -0- -0- 205,361 Buildings 15,853,243 766,424 -0- 16,619,667 Equipment and furniture 2, 162,706 390,847 157,247 2,396,306 Total $19.214.379 $1.658.820 $157.247 12(1,715.952 Transfers among departments of $78,890 are not included above. 36 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31 , 1984 Note 5 - Capital Lease Obligation: The following is an analysis of leased property at December 31, 1984: Land $274,820 The County leases 106 acres of land primarily for the excavation of gravel and storage of construction equipment and vehicles. The lease, which expires in 1985, is payable in annual installments. The County has the option to purchase the land in 1985 for $1 ,100. Minimum commitments under the lease together with the present value of the net minimum payments are as follows as of December 31 , 1984: Year Ending December 31 , 1985 $ 1, 100 Total minimum payments 1 ; 100 Less amount representing interest 100 Present value of net estimated payments 1 „000 Current portion 1 ,.000 Capital lease obligation-long term 0= Note 6 - Other Required Individual Fund Disclosures: The deficit fund balance of the Special Assessment Funds (Improvement District Number 1981-2 Elmore Road - $6,322, and Improvement District Road 5 - $820,607) arose because of the application of generally accepted accounting principles tc 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 $ 413,610 $ 419,562 $ 5,952 In-kind contributions and expenditures are not included as budgetable items. 37 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31 , 1984 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 7 - Budgets: An annual expenditure budget is adopted for all governmental, proprietary and expendable trust funds of the county. Revisions made to the original budget for each fund were as follows: Original Total Revised Budget Revisions Budget General Fund $14,417,767 $1,308,740 $15 ,726,507 Special Revenue Funds: Road and Bridge Fund 8,494,305 414,633 8,908,938 Social Services Fund 13,530,768 -0- 13,530,768 Federal Revenue Sharing Fund 1 ,504,558 -0- 1,504,558 Conservation Trust Fund 193, 100 195,304 388,404 Contingent Fund 850,000 -0- 850,000 Public Health Fund 1 ,362,265 26,762 1 ,389,027 Library Fund 383,039 30,571 413,510 Human Resources Fund 2,276,080 866, 158 3,142, 238 Solid Waste Fund 93,000 292,571 385, 571 Subdivision Park Site Fund 10,000 9,220 19,220 Capital Projects Funds: Capital Expenditures Fund 907,773 531 ,075 1,438,848 Special Assessment Funds: Elmore Road -0- 2,660 2,660 County Road 5 -0- 1 ,021 ,511 1,021,511 Internal Service Funds: Motor Vehicle Fund 3,942,799 117,659 4,060,458 Printing and Supply Fund 122,036 39,964 162,000 Computer Services Fund 1,461,962 229,465 1,691 ,427 Insurance Fund 595,495 76,988 672,483 Trust and Agency Funds: North Colorado Medical Center Trust Fund 685,162 -0- 685, 162 Health Insurance Fund 988,038 -0- 988,038 Housing Authority Fund -0- -0- -0- TOTAL $51 .818.147 $5. 163.281 $56.981 .42 38 - - -- — COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31, 1984 Note 8 - Operating Leases: On May 30, 1973, the County entered into a lease agreement for a building used by the Department of Social Services. The term of the lease is for ten years, commencing April 1, 1974 and expiring March 31, 1984. Lease expenditures for the year ended December 31, 1984 were $22, 138. The County, on January 24, 1983 executed the option to purchase the building at the termination of the initial ten year term of the lease. The option purchase price of $707,300 was paid April 1, 1984. Note 9 - 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, 1984 was $744,163. Based upon the actuarial valuation report at December 31, 1984, 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, 1984, 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. 39 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31 , 1984 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, 1984, 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 $ 5,084,973 Retired members and beneficiaries 3,314,726 Terminated vested members 27,877 Nonvested Benefits $ 840, 119 Total Actuarial Present Value of Accumulated Plan Benefits $ 9,267,695 The weighted average assumed rate of return used in determining the actuarial present value of accumulated plan benefits was 7}Z. Note 10 - 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. 40 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended December 31 , 1984 Based upon the opinion of legal counsel, these claims would be covered by the protected self-insurance and/or there does not appear to be a threat of significant liability to the County. Self-insurance for liability exposure is maintained by the Insurance Fund in the Internal Service Fund group. Self-insurance is in effect for losses up to $100,000 per occurrence. Losses greater than $100,000 per occurrence, and those in excess of the aggregate stop loss, are insured by private insurance companies. County-wide annual aggregate losses are limited to $325,000. The County participates in a number of federal and state grant programs. Principal funding agencies include the Office of Revenue Sharing, Department of Labor, Community Services Administration, Department of Health and Human Services and Area Agency on Aging. These programs are subject to program compliance audits by the grantors or their representatives. The audits of these programs for the year ended December 31, 1984 have not yet been completed. Accordingly, the County's compliance with applicable grant requirements will be established at some future date. The amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time although the County expects such amounts, if any, to be immaterial. Note 11 - Capital Expenditures Fund: With the passage of HB 1246 effective April 5, 1984, Section 29-1-301(1.2) , CRS, 1973 required that all capital projects for general county use be accounted for in a Capital Expenditure Fund. The Capital Expenditure Fund was created, which was formerly the Public Works - County Building Fund. The two funds have been combined for 1984 reporting purposes since the Bill specifically required: "Any County which has moneys in a public works fund on the effective date of this section (April 5, 1984) , as amended, shall transfer all moneys in its public works fund to its capital expenditures fund, and shall make appropriations out of such capital expenditures fund to fund projects which otherwise would have been funded from such public works fund." 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. 41 COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS, AND SCHEDULES t;\ IMPS 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. AsKtocel ,„,‘0 WI`Oc. COLORADO COUNTY OF WELD STATE OF COLORADO GENERAL FUND BALANCE SHEET December 31, 1984 ASSETS ASSETS: Cash with treasurer $ 799,141 Cash - other 144,705 Receivables (net where applicable of allowance for uncollectibles): Accounts - ambulance service 177,697 Accounts - other 140,320 Current property taxes 9,979,523 Delinquent property taxes 131,575 Due from other governmental units 804,700 Due from other county funds 177,992 Inventories 19,302 Advance to Special Assessment Fund 8,974 Prepaid expenses 24'575 TOTAL ASSETS $ 12,408,504 LIABILITIES AND FUND BALANCE LIABILITIES: Vouchers payable $ 205,306 Accrued liabilities 441,444 Due to other governmental units 145,653 Due to other county funds 4: 9,287 Deferred revenue 9,991,598 Unexpended grant revenue 59,706 Total Liabilities 11,2612,994 FUND BALANCE: Reserved for advance to Special Assessment Fund 8,974 Reserved for encumbrances 41,163 Reserved for prepaid expenses 24,575 Unreserved: Designated for subsequent year's expenditures 174,666 Undesignated 896,132 Total Fund Balance 1,145,510 TOTAL LIABILITIES AND FUND BALANCE $ 12,408,504 The Notes to Financial Statements are an integral part of this schedule. 43 COUNTY OF WELD STATE OF COLORADO GENERAL FUND STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE December 31, 1984 REVENUE: Taxes $ 9,463,456 Licenses and permits 337,700 Intergovernmental revenue 687,986 Charges for services 1,024,306 Fines and forfeitures 29,412 Miscellaneous revenue 2,548,257 Fee accounts 1,533,455 Total Revenue 15 624 572 EXPENDITURES: Current Operating: General government 6,082,536 Public safety 6,294,660 Public works 503,880 Public health and welfare 69,458 Miscellaneous 280,979 Culture and recreation 113,532 Conservation of natural resources 10,096 Capital outlay 114,298 Total Expenditures w69,439 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES _2,..L55,133 OTHER FINANCING SOURCES (USES): _ Operating transfers-in -0 Operating transfers-out _(2,169,548) Total Other Financing Sources (Uses) (2,169,548) EXCESS (DEFICIT) OF REVENUE OVER EXPENDITURES AND OTHER USES (14,415) FUND BALANCE, January 1, 1984 12159,925 FUND BALANCE, December 31, 1984 $ 12145,510 The Notes to Financial Statements are an integral part of this schedule. 44 COUNTY OF WELD STATE OF COLORADO GENERAL FUND Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes S 9,353,373 $ 9,318,881 $ 34,492 Severance tax 46,701 16,000 30,701 Tobacco products 63,382 72,000 (8,618) Total Taxes 91463,456 9,406,881 56,575 LICENSES AND PERMITS: Business licenses and permits: 2 364) Business licenses-liquor 3,636 6,000 , Nonbusiness licenses and permits: Building permits 235,827 230,000 5,827 Electrical permits 63,751 50,000 "13,751 Planning commission permits 342486 30,630 3,856 Total Licenses and Permits 337,700 316,630 21,070 INTERGOVERNMENTAL REVENUE: Federal operating grants: IV-D Incentive 178,921 110,000 68,921 State operating grants: Community Corrections 71,911 110,731 (38,820) Juvenile Diversion 48,298 42,000 6,298 LEAF 30,307 30,528 (221) Job Diversion 218,781 120,000 98,781 Other 47,390 32,247 15,143 State shared revenues: State shared salaries 28,650 28,600 50 Local revenue: Cities and towns 63,728 38,796 24,932 Total Intergovernmental Revenue 687,986 512,902 175a 084 CHARGES FOR SERVICES: 10 431 Social Services 70,931 60,500 , Rescue unit fees 733,363 637,193 96,170 Public safety 16,288 6,500 9,788 Other 203,724 _ 314,019 (7.10,295) Total Charges for Services 1,024,306 1,018,212 6,094 FINES AND FORFEITURES DUI fines 29,412 28,400 _J.--1012 Total Fines and Forfeitures 29,412 28,400 _1,012 MISCELLANEOUS REVENUE: :≥87 033 Earnings on investments 1,537,033 1,250,000 7, Rents 144,010 119,321 24,689 Royalties 380,094 270,000 110,094 A-87 cost plan 279,594 278,405 1,189 A-87 in-kind 63,201 60,000 3,201 Other 144,325 4,200 L402 125 Total Miscellaneous Revenue 2,548,257 1,981,926 566,331 FEE ACCOUNTS: 21 652 Sheriff's fees 111,652 90,000 , Clerk and recorder fees 1,031,075 1,000,000 31,075 Treasurer fees 366,895 364,600 2,295 Assessor's fees 23,833 40,000 (16,167) Total Fee Accounts 1,533,455 1,494,600 38,855 TOTAL REVENUE $ 15,624,572 $ 14,759,551 $ 865,021 The Notes to Financial Statements are an integral part of this schedule. 45 COUNTY OF WELD STATE OF COLORADO GENERAL FUND Schedule of Expenditures Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) GENERAL GOVERNMENT: Commissioners-office of the board $ 210,287 $ 234,192 $ 23,905 County Attorney 238,849 238,721 (128) Public Trustee 2,162 2,500 338 Planning and zoning 186,214 186,175 (39) County Clerk 986,903 997,746 10,843 Elections and registration 249,961 266,557 16,596 County Treasurer 473,004 455,804 (17,200) County Assessor 718,805 742,503 23,698 Maintenance of buildings and grounds 1,012,238 1,007,392 (4,846) County Council 14,797 28,351 13,554 District Attorney 778,879 781,116 2,237 Juvenile Diversion 130,992 129,585 (1,407) Financial administration 139,556 145,256 5,700 General accounting 301,011 302,153 1,142 Purchasing 131,574 135,264 3,690 Personnel 180,068 185,994 5,926 PBX phone service 327,236 369,548 4? 312 Total General Government 6,082,536 6,208,857 126,321 PUBLIC SAFETY: 15 682 Sheriff administration 908,247 923,929 , Crime control and investigation 1,641,568 1,657,714 16,146 Possee-special deputies 8,313 3,168 (5,145) Communications services 500,145 504,954 4,809 Ambulance services 780,902 778,482 (2,420) County Coroner 52,785 50,100 (2,685) Correctional administration 1,712,739 1,722,126 9,387 38 79 Community Corrections 83,508 162,347 , 9 Delinquents and other institutions 140,394 139,938 (456) Public Service - DU 3 I 25,150 28,567 3,417 Building inspection 231,988 240,586 8,598 Civil defense 30,098 31,414 1,316 Predatory an!:mal control 12,000 12,000 -0- Animal control 63,600 63,600 -0- Pest and weed control 103,223 118,646 15,423 Total Public Safety 6,294:660 6,437,571 142,911 (Continued on next page) 46 COUNTY OF WELD STATE OF COLORADO GENERAL FUND Schedule of Expenditures Compared with Budget Variance Favorable Actual Budget (Unfavorable) PUBLIC WORKS: General engineering $ 263,546 $ 285,485 $ 21,939 Extension services 153,735 164,675 10,940 Veterans' office 46,599 50,231 3,632 Airport 40,000 40,000 -0- Total Public Works 503,880 540,391 36,511 PUBLIC HEALTH AND WELFARE: Mental Health 69,458 69,458 -0- Total Health and Welfare 69,458 69,458 -0- MISCELLANEOUS: Other 280,979 338,160 _57,181 Total Miscellaneous 280979 338,160 57,181 CULTURE AND RECREATION: Exhibition building 33,737 :36,790 3,053 Missile site park 2,520 6,000 3,480 County fair 77,275 25,859 (51,416) Total Culture and Recreation 113,532 68,649 (44,883) CONSERVATION OF NATURAL RESOURCES: Northern Colorado Research Center 3,000 3,000 -0- West Greeley Soil Conservation 7,096 7,096 -0- Total Conservation of Natural Resources 10,096 10,096 -0- CAPITAL OUTLAY: Equipment 114,298 126,565 12,267 Total Capital Outlay 114,298 126,565 _12,267 TOTAL EXPENDITURES $ 13,469,439 $ 13,799,747 S 330,308 The Notes to Financial Statements are an integral part of this schedule. (Continued from Preceding Page) 47 COUNTY OF WELD STTIT-OP COLORADO GENERAL FliNt Schedule of Operating Transfers-Out Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) OPERATING TRANSFERS-OUT: Library Fund $ 372,739 $ 372,739 $ -0- Public Health Fund 751,426 751,426 -0- Human Resources Fund 400,499 251,465 (149,034) Retirement Fund 93,754 -0- (93,754) Computer Services Fund 372,725 372,725 -0- Contingent 128,405 128,405 -0- Capital Expenditures 50,000 50,000 -0- TOTAL OPERATING TRANSFERS-OUT $ 2:169,548 $ 1,926,760 $ (242,788) The Notes to Financial Statements are an integral part of this schedule. 48 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. AY/ ::.\\•4v COLORADO COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1984 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, NHS, and CSA. Solid Waste Fund: This fund accounts for revenue received from a surcharge on dumping fees at solid waste disposal sites for the purpose of combating environmental problems and for further improvement and development of landfill sites within the County. 50 COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS - CONTINUED Housing Authority Fund: The Housing Authority Fund accounts for various federal housing grants - primary funding agent is HUD. Subdivision Park Site Fund: The Subdivision Park Site Fund accounts for park fees paid by subdividers for the purpose of dedicating, developing and/or reserving land for parks and/or other necessary public purposes. 51 COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET December 31, 1984 Federal Road and Social Revenue Conservation Bridge Services Sharing Trust Contingent Fund Fund _ Fund Fund Fund ASSETS ASSETS: Cash with treasurer $ 1,836,878 $ 912,611 $ 4,307 $ 158,848 806,078 Cash-other 4,750 4,333 -0- -0- -0- Receivables (net where applicable of allowance for uncollectibles): Accounts 40,076 85,642 -0- -0- -0- Current property taxes 2,657,664 2,078,999 -0- -0• 6,101 Delinquent property taxes 37,302 28,108 -0- -0- -0-' Due from other govern- mental units 393,761 42,323 352,925 -0- -0- Due from other county funds 128,244 -0- -0- -0- -0- Inventories 618,264 -0- -0- -0- -0- Prepaid expenses 684 -0- -0- -0- -0- TOTAL ASSETS $ 5,717623 $ 3,152,016 $ 357,232 $ 158,848 $ 812,7.79 LIABILITIES AND FUND BALANCE LIABILITIES: Vouchers payable S 91,382 $ 82,708 $ -0- S -0- $ -0- Accrued liabilities 165,962 698 -0- -0-- -0- Due to other governmental units -0- 660,307 -0- -0- -0- Due to other county funds 392,661 43,656 -0- -0- -0- Deferred revenue 2,657,664 2,078,999 -0- -0- -0- Other liabilities -0- 44,088 —� -0- -0- -0. Total Liabilities 3,307,669 2,910,456 -0- -0- -0- FUND BALANCE: _ty- Reserved for encumbrances 169,403 -0- -0- -0- Reserved for prepaid expenses 684 -0- -0- -0- -0_ Unreserved: Designated for subsequent -0- 810,4O5.year's expenditures I79,520 -0- -0- Undesignated 2,-060,347 241,560 357,232 158,848 . 1,7>4 Total Fund Balance 2,409,954 241 560 357,232 158,848 812,179 TOTAL LIABILITIES AND FUND BALANCE $ 5,717,623 $ 3,152,016 $ 357,232 $ 158,848 $ 812179 The Notes to Financial Statements are an integral part of this schedule. 52 Public Human Solid Subdivision Housing Health Library Resources Waste Park Site Authority Fund Fund Fund Fund Fund Fund Total $ 120,589 $ 68,935 $ 104,999 $ 140,378 S -0- $ 78,150 $ 4,2321,773 200 50 75 -0- -0- 11,949 , 7 15,148 4,006 1,402,797 29,601 -0- 4,794 4- 1,58282,064 64 -0- -0- -0- -0- -0- 4, , 764 -0- -0- -0- -0- -0- 65,410 194,283 -0- 15,988 -0- -0- 639,752 1,539,032 4,487 -0- 156,934 -0- -0- 489 290,154 -0- -0- -0- -0- -0- -0- 618,264 394 138 360 -0- -0- -0- 1,576 1___221:121 $ 73,129 S 1 6�tlal3 1___112.172 $ -0- S 735.134 $13,192,394 $ 13,701 $ 10,291 $ 84,521 $ 175 $ -0- $ 8,349 $ 291,127 40 409 -0- 103,757 -0- -0- 1,285 312,111 , -0- -0- 49,886 -0- -0- -0- 710,193 24,921 13,937 61,032 117,000 -0- 16,398 669,605 142,340 -0- 991,526 -0- -0- 669,118 6 ,539,647 9,627 _ -0- -0- 11,437 -0- -0- -0- _. 221,371 35,665 - 1,290,722 117,175 -0- 695,150 8L1.7121921 4,182 1,368 6,557 -0- -0- -0- 181,510 394 138 360 -0- -0- -0- 1,576 -0- -0- -0- -0- -0- -0- 989,925 109,154 35,958 38314 52,804 -0- _____1121i 3,441,175 113,730 64 390,431 52,804 -0- _____2101Y1 4,614,186 $ 335,101 $ 73,129 $ 1,681,153 1___1§22211 $ -0- $ 735,134 $13,192,394 53 COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE ANDS COMBINING STATEMENT OF REVENUES EXPENDITURES AND CHANGES 1N FUND BALANCES December 31, 1984 Federal Road and Social Revenue Conservation Bridge Services Sharing Trust Contingent ig Fund Fund Fund Fund F REVENUE: _0_ $ _p_ $ 108,360 Taxes $ 3,438,372 $ 2,141,446 $ Licenses and permits 332,234 -0- -O- -0- -0- Intergovernmental revenue 3,716,076 10,201,505 1,415,841 195,304 -0- Charges for services 5,036 -0- -0- -0- Fines and forfeitures -0- -0- -0- -o- -0- Miscellaneous revenue 16,708 -0- -0- 18,544 -0 Total Revenue 7,508,426 12,342,951 1,415,841 213,848 108,360 EXPENDITURES: Current Operating: -0- Public works 7,632,234 -0- -0- Public health and -0- -0- welfare -0- 12,371,430 -0- Culture and recreation -0- -0- -0- 193,100 -0- Economic assistance -0- -0- -0 -0 -0 Intrrgovernmental -p- expenditures 415,102 -0- -0- -p Total Expenditures 8,047,336 12,371,430 -0- 193,100 _ -0- EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES (538,910) (28,479) 1,415,841 20,748 108,360 OTHER FINANCING SOURCES (USES): _p_ -p- Operating transfers-in 1,420,908 0 -0- ](12828,,44005 Operating transfers-out _0 5 _ (1,417,221) Total Other Financing 1,420,908 -0- (1,417,221) -0- 171,595) Sources (Uses) EXCESS (DEFICIENCY) OF REVENUE AND OTHER SOURCES OVER EXPENDITURES AND 20,748 36 765 OTHER USES 881,998 (28,479) (1,380) FUND BALANCE, January 1, 1984 1,527,956 270,039 358,612 138,100 775,414 FUND BALANCE, December 31, 1984 $ 2,409,954 $ 241,560 $ 357,232 $ 158,848 $ 812,179 The Notes to Financial Statements are an integral part of this schedule. 54 Public Human Solid Subdivision Housing Health Library Resources Waste Park Site Authority Fund Fund Fund Fund Fund Fund Total $ -0- $ -0- $ -0- $ -0- $ -0- $ -0- S 5,688,178 -0- -0- -0- -0- -0- -0- 332,234 395,662 6,500 2,332,304 -0- -0- 333,438 18,596,630 132,964 25,090 168,371 185,753 -0- -0- 517,214 -0- 8,180 -0- -0- -0- -0- 8,180 8,966 X496 628,499 -0- -0- 2,178 694,301 537,592 59266 3,129,084 185,753 -0- 335 25 836,737 -0- -0- -0- -0- -0- -0- 7,632,234 1,358,818 -0- -0- -0- -0- -0- 13,730,248 -0- 419,562 -0- -0- 19,220 -0- 631,882 -0- -0- 3,440,378 -0- -0- 324,547 3,764,925 -0- -0- -0- -0- -0- -0- 415,102 1,358,818 419,562 3,440,378 -0- 19,220 324,547 26,:.74,391 (821,226) (360.,296) ___(11-1_,,a4) 185,753 (19,220) 11,069 (337,654) 751,426 372,739 400,499 -0- -0- -0- 3,073,977 -0- -0- -0- (175,000) -0- -0- (1792,221) 726 372,739 ___2291A22. (175,000) -0- -0- 11281,756 (69,800) 12,443 69,205 10,753 ____ _,____.9220)( 11,069 944,102 183,530 25,021 301,226 42,051 19,220 28,915 _1670,084 1_211,222 1____1121§i. 1___2222221 $ 52,804 $ -0- $ 39,984 S 4,614,186 55 COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS ROAD AND BRIDGE FUND Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes $ 2,548,534 $ 2,531,108 $ 17,426 Specific ownership taxes 889,838 736,000 153 878 Total Taxes 3,438,372 3,267,108 111 264 LICENSES AND PERMITS: Nonbusiness licenses and permits: Moving permits 332,234 284,000 48,234 Total Licenses and Permits 332,234 284,000 48,234 INTERGOVERNMENTAL REVENUE: Federal operating grants: Bridge grant 78,511 -0- 78,511 Bankhead-Jones Grazing Act 43,202 21,000 22,202 Mineral leasing act 89,412 80,000 9,412 Federal payments in lieu of taxes -0- 10,000 (10,000) State shared revenues: 146 182 Highway users tax 3,027,821 2,881,639 , Motor vehicle registration fees 192,787 180,000 12,787 Highway user-bridge special 284,343 368,000 (83,657) Total Intergovernmental Revenue 3,716,076 3,540,639 175,437 CHARGES FOR SERVICES: County roads and highways: 3,036 Other 5,036 2,000 Total Charges for Services 5,036 2,000 ______J___ 3036 MISCELLANEOUS REVENUE: Miscellaneous 16,708 -0- _16,708 Total Miscellaneous Revenue 16,708 -0- 16,708 TOTAL REVENUE $ 7,508,426 $ 7,093,747 $ 414,679 The Notes to Financial Statements are an integral part of this schedule. 56 COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS ROAD AND BRIDGE FUND Schedule of Expenditures Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) PUBLIC WORKS: _O_ $ 27,668 $ 27,668 Roadway construction $ Bridge construction 742,441 1,055,200 312,759 Maintenance of condition 1,570,964 1,719,710 148,746 Maintenance support 511,100 774,819 2.63,719 Trucking division 1,399,629 1,453,393 53,764 Mining division 757,174 914,918 157,744 Administration 349,583 160,180 (189,403) Other public works 2,301,343 2,367,523 66,180 Total Public Works 7,632,234 8,473,411 841,177 INTRAGOVERNMENTAL EXPENDITURES: Grants-in-aid to cities/towns 415,102 435,527 -------L--- 20425 Total Intragovernmental 20425 Expenditures 415,102 435,527 __a— TOTAL EXPENDITURES $ 8,047,336 $ 8,908,938 $ 861,602 Schedule of Operating Transfers-in Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS-IN: Federal Revenue Sharing Fund $ 1,420,908 $ 1,417,221 $ 3,687 TOTAL OPERATING TRANSFERS-IN $ 1,420,908 $ 1,417,221 $ 3,687 The Notes to Financial Statements are an integral part of this schedule. 57 COUNTY OF WELD STATE OF COLORADO SPkCIAL REVENUE PONDS SOCIAL SERVICES FUND Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) TAXES: 1,992,495 $ 1,979,999 $ 12,496 General property taxes $ 148 951 147,000 1-1951 Specific ownership taxes , Total Taxes 2,141,446 2,126,999 14,447 INTERGOVERNMENTAL REVENUE: State operating grants: .i 2,972) Administration 1,956,662 2,189,634 (Y33 976 IV-D administration 204,856 191,310 Aid to families with 3,816,000 (45,757) 843 dependent children 3,770,243 6000 Aid to the blind 6,843 368,000 (25,282) Aid to needy disabled 342,7181' 9 282) Day care-ordinary 222,666 769 342,400 400 (150,031) Foster care 158 031) Old agepension 1,791,242 2,050,000 ((20,000) , B _0_ 20,000 Iedicalitrae refugee assistance 20 000 (4197) Medical transportation i 15,803 1 365,400 (392,108) Low energy assistance 973,292 1,365,400 46,470 Jobs bill 46,470 63,941 Special energy assistance 63,941 Total Intergovernmental Revenue 10,201,505 11,325,544 (1,124,039) TOTAL REVENUE $ 12,342,951 $ 13,452,543 1_5.2x1222.12?) Schedule of Expenditures Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) PUBLIC HEALTH AND WELFARE: $ 2,594,344 $ 2,827,668 $ 233,324 Administration 273 300 (73,221) IV-D administration 346,521 Aid to families with 087 4,770,000 62,913 dependent children 4,707,083 7,500 (1,053) Aid to the blind 24,129 Aid to needy disabled 435,871 871 428,000 149,149 Day care-ordinary 2 ' 1,196,000 191,451 Foster care 1,004,549 2050,000 258,672 Old age pension 20000 20,000 Indo-Chinese refugee assistance , 4 197 Medical transportation 15,803 839 112,9000 (939) General assistance384 450 Low assistance 980,950 1,365,400 (42,279) Jobs bill 42,279 (51,455) Special energy assistance 51,455 Total Public Health and Welfare 12,371,430 13,530,768 1 159,338 TOTAL EXPENDITURES $ 12,371,430 $ 13,530,768 $ 1,159,338 The Notes to Financial Statements are an integral part of this schedule. 58 COUNTY OF WELD STATE OF COLORADO SP1CiAL REVENUE-PONDS FEDERAL REVENUE SHARING FUND Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: Federal entitlements $ 1,415,841 $ 1,504,558 $ (88,717) Total Intergovernmental Revenue 1,415,841 1,504,558 _(88,717) TOTAL REVENUE $ 1,415,841 $ 1,504,558 $ (88,717) Schedule of Operating Transfers-out Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) OPERATING TRANSFERS-OUT:Road and Bridge Fund $ 1,417,221 $ 1,504,558 $ 87,337 TOTAL OPERATING TRANSFERS-OUT $ 1,417,221 $ 1,504,558 $ 87,337 The Notes to Financial Statements are an integral part of this schedule. 59 COUNTY OF WELD STATE OF COLORADO SP S CONSERVATION TRUST WO Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: 193 100) State Lottery 1_12222± s 388,404 $( 1— 195 304 388,404 (193,100) Total Intergovernmental Revenue , MISCELLANEOUS REVENUE: 18,544 -0- —1st Earnings on Investments Total Miscellaneous Revenue 18,544 -0- —1- 544 TOTAL REVENUE -$.-2.1M-.8- $ 388,404 $(174,556) Schedule of Expenditures Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) CULTURE AND RECREATION: $ 193,100 l 388,1.24 $ 195,304 Parks Total Culture and Recreation 193,100 388,404 _195,304 $ 193,100 $ 388,404 $ 195,304 TOTAL EXPENDITURES — The Notes to Financial Statements are an integral part of this schedule. 60 COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS CONTINGENT FUND Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) TAXES: 100,889 $ 100,000 $ 889 General property taxes $ 7 471 Specific ownership taxes 7.471 -0- — ' Total Taxes 108,360 100,000 — 8,360 TOTAL REVENUE $ 108,360 1_1(22.a2 $ 8,360 Schedule of Operating Transfers-in Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS-IN: General Fund $ 128,405 $ 850,000 $ 721,595 TOTAL OPERATING TRANSFERS-IN $ 128,405 $ 850,000 $ 721,595 Schedule of Operating Transfers-out Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) OPERATING TRANSFERS-OUT: 0,000 $ 978,405 $ 778,405 Capital Expenditures $ 20 TOTAL OPERATING TRANSFERS-OUT 1191022 $ 978,405 $ 778,405 The Notes to Financial Statements are an integral part of this schedule. 61 COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS PUBLIC HEALTH FUND Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: Federal operating grants: EPA $ 13,457 $ 32,826 $ (19,369) State operating grants: 1 992 State per capita 152,782 150,790 , Family planning 92,934 10,069 82,865 Other 109,736 150,857 (41,121) Local: 143 Other 26,753 26,610 Total Intergovernmental Revenue 395,662 371,152 _24,510 CHARGES FOR SERVICES: Health: 148 612 Laboratory 760 Environmental Health 82,906 66,422 16,484 Other 49,298 46,450 --....a_2848 Total Charges for Services 132,964 113,020 _19,944 MISCELLANEOUS REVENUE: Total Miscellaneous Revenue 8,966 -0- -------L--- 8966 TOTAL REVENUE $ 537,592 $ 484,172 $ 53,420 Schedule of Expenditures Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) PUBLIC HEALTH AND WELFARE: 14,484 $ 57,693 $ 43,209 Administration $ 144 821 157,013 12,192 Laboratory ' 145 000 (10,652) Alcohol rehabilitation 155,652 > 3 655 General nursing 748,820 752,475 > Environmental health 295,041 276,846 (18195) Total Public Health and Welfare 1,358,818 1,389,027 _ 30,209 TOTAL EXPENDITURES $ 1,358,818 $ 1,389,027 $ 30,209 Schedule of Operating Transfers-in Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS-IN: General Fund $ 751,426 $ 751,426 $ TOTAL OPERATING TRANSFERS-IN $ 751,426 $ 751,426 $ -0- The Notes to Financial Statements are an integral part of this schedule. 62 COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FIENDS LIBRARY FUND Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) CHARGES FOR SERVICES: Library use treasurer $ 25,090 1_111129_ f 3,590 Total Charges for Services 25,090 _ 21,500 3 590 FINES AND FORFEITURES: Library fines 8,180 _ 7800 _ 380 Total Fines and Forfeitures 8,80 _ 7,800 380 INTERGOVERNMENTAL REVENUE: State grants 6,500 -0= 6,500 Total Intergovernmental Revenue 6,500 -0- r 6,500 MISCELLANEOUS REVENUE: Rent 2,523 2,500 23 Other 15,153 -0- 35,153 Donations 1,820 _ 800 1,Q20 Total Miscellaneous Revenue 19,496 _ 3,300 -----2--- 16196 TOTAL REVENUE $ 59,266 $ 32,600 $ 25, 66 Schedule of Expenditures Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) CULTURE AND RECREATION: Weld County Library 11211.61 S 41336-10 S (S,c52) Total Culture and Recreation _419,562 _ 413,610 :5 952) TOTAL EXPENDITURES $ 419,562 $ 413,610 $T(5.97.2 Schedule of Operating Transfers-in Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS-IN: General Fund L2112211 $ 372,739 $ -c- TOTAL OPERATING TRANSFERS-IN S 372,739 $ 372,739 $ _ -0- The Notes to Financial Statements are an integral part of this schedule. 63 COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS HUMAN RESOURCES VIM— ' Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: Federal operating grants: Comprehensive Employment Training Act $ 207,186 $ 461,760 $ (254,574) Headstart 512,378 482,484 29,894 Community Services Administration 642 -0- 642 Weatherization 1,451 -0- 1,451 Other 88 100,088 (100,000) State operating grants: 6 832 Supplemental foods 120,301 113,469 , Area Agency on Aging 354,051 454,033 (99,982) Job service 237,949 271,903 (33,954) Private Industry Council 29,298 29,367 (69) Jobs Training Partnership Act 752,764 1,016,817 (264,053) Community Services Administration 105,562 133,246 (27,684) Local sources: 10,634 Welfare diversion 10,634 _ Total Intergovernmental Revenue 2,332,304 3,063,167 (730,863) CHARGES FOR SERVICES: 20,340 Headstart 20,340 -0- Community Services Administration 25,330 -0- 25,330 Transportation 122,701 70,133 52,568 Total Charges for Services 168,371 70,133 . _98,238 MISCELLANEOUS REVENUE: 62,870 -0- Pro62,870 Program income g -0- 266 (266) Other Nor-Federal income Total. Miscellaneous Revenue 62,870 _ 266 62,604 TOTAL BUDGETED REVENUE $ 2,563,545 $ 3,133,566 $ (570,021) NON-FEDERAL IN-KIND CONTRIBUTIONS 565,539 TOTAL REVENUE $ 3,129,084 Schedule of Operating Transfers-in Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS-IN: General Fund $ 400,499 $ 11,672 $ 388,827 TOTAL OPERATING TRANSFERS-IN $ 400,499 $ 11,672 $ 388,827 The Notes to Financial Statements are an integral part of this schedule. 64 COUNTY OF WELD STATE OF COLORADO SP)CiAL REVENUE FUNDS HUMAN RESOURCES FUND Schedule of Expenditures Compared With Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) ECONOMIC ASSISTANCE: Comprehensive Employment and Training Act $ 207,186 $ 461,760 $ 254,574 Community Services Administration 106,204 133,246 27,042 Headstart 532,842 482,484 (50,358) Weatherization 1,451 5,112 3,661 Supplemental Foods 116,099 105,357 (10,742) Area Agency on Aging 435,272 465,705 30,433 Job Service 237,949 271,903 33,954 Transportation 53,905 70,487 16,582 Private Industry Council 29,298 29,367 69 Jobs Training Partnership Act 752,764 1,016,817 264,053 Welfare Diversion 346,768 -0- (346,768) Other 55,101 100,000 - 44,899 TOTAL BUDGETED EXPENDITURES 2,874,839 $ 3,142,238 $ 267,399 In-kind expenditures: Comprehensive Employment and Training Act 8,705 Community Services Administration 265,215 Headstart 178,752 Supplemental Foods 4,253 Area Agency on Aging 74,571 Job Service 13,035 Jobs Training Partnership Act 21,008 Total Economic Assistance 565,539 TOTAL EXPENDITURES $ 3,440,378 The Notes to Financial Statements are an integral part of this schedule. 65 COUNTY OF WELD STATE OF COLORADO SPECIAL R$VITIUE FUNDS SOLID WASTE FiWb Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) CHARGES FOR SERVICES: Surcharge on dumping fees $ 185,753 $ 312,949 $(127196) Total Charges for Services 185,753 312,949 (127,196) TOTAL REVENUE $ 185,753 S 312,949 $(177,196) • Schedule of Operating Transfers-Out Compared with Budget December 31, 1984 Variance Favorable Actual Budget ;Unfavorable) OPERATING TRANSFERS-OUT: Road and Bridge Fund $ 175,000 1_221122P $ 180,000 TOTAL OPERATING TRANSFERS-OUT $ 175.000 $ 355,000 $ 180,000 The Notes to Financial Statements are an integral part of this schedule. 66 COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS SUBDIVISION PARK SITE FUND Schedule of Expenditures Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) CULTURE & RECREATION: _0_ Park Maintenance $ 19,220 1-12.02 S Total Culture & Recreation 19,220 19,220 _ -0- TOTAL EXPENDITURES $ 19,220 $ 19,220 S -0- The Notes to Financial Statements are an integral part of this schedule. 67 COUNTY OF WELD STATE OF COLORADO spiall—A- V2RUE-TINDs HOUSING AUTHORITY FUND Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) INTERGOVERNMENTAL REVENUE: Federal Operating Grants: HUD Section 8 $ 172,954 $ 187,988 $ (15,034) Community Development Block Grant 159,924 168,668 (8,744) Division of Housing 560 560 _ -0- Total Intergovernmental Revenue 333,438 357,216 (23,778) MISCELLANEOUS REVENUE: Earnings on Investment 2,178 -0- — 2,178 Total Miscellaneous Revenue 2,178 -0- — 2.178 TOTAL REVENUE $ 335,616 $ 357,216 $ (21,600) Schedule of Epxenditures Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) ECONOMIC ASSISTANCE: HUD Section 8 $ 164,063 $ 187,988 $ 23,925 Community Development Block Grant 159,924 168,668 8,744 Division of Housing 560 560 Total Economic Assistance 324,547 357,216 _ 32,669 TOTAL EXPENDITURES $ 324,547 1_2a,21 $ 32,669 The Notes to Financial Statement are an integral part of this schedule. 68 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. ‘1Ikkv $ wilg e. COLORADO COUNTY OF WELD STATE OF COLORADO CAPITAL PROJECTS FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1984 Capital Expenditures Fund: This fund accounts for various capital improvement projects on County property. 69 COUNTY OF WELD STATE OF COLORADO CAPS CAPITAL EXPENDITURES FUND BALANCE SHEET December 31, 1984 ASSETS ASSETS: $ 285,576 Cash with treasurer Receivables (net where applicable of allowance for uncollectibles): 3��ys7gg Current property taxes -' $ 680,374 TOTAL ASSETS LIABILITIES AND FUND BALANCE LIABILITIES: $ 5,825 Vouchers payable 824 Due to other county funds 392,124 Deferred revenue 398,007 Total Liabilities FUND BALANCE: 4,645 Reserved for encumbrances Unreserved: a00,000 Designated for subsequent year's expenditures 300,000) Undesignated :!82367 Total Fund Balance TOTAL LIABILITIES AND $ 1580,374 FUND BALANCE _ The Notes to Financial Statements are an integral part of this schedule. 70 COUNTY OF WELD STATE OF COLORADO CAPITAL PROJECTS FD` S CAPITAL EXPENU11URh$ POND STATEMENT OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES December 31, 1984 REVENUE: $ 192,091 Taxes 192,091 Total Revenue EXPENDITURES: 1i 33,067 Capital outlay 1'233067 Total Expenditures EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES (1040,976) OTHER FINANCING SOURCES: Operating transfers-in: 50,000 General Fund 200,000 Contingent Fund :!50,000 Total Other Financing Sources EXCESS (DEFICIENCY) OF REVENUE AND OTHER SOURCES (790,976) OVER EXPENDITURES 1y073,343 FUND BALANCE, January 1, 1984 $ 282,367 FUND BALANCE, December 31, 1984 71 COUNTY OF WELD STATE OF COLORADO CAPITAL PROJECTS FUNDS CAPITAL EXPENDITURES FUND Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes $ 178,729 $ 191,813 $ (13,084) Specific ownership taxes 13,362 -0- 13,362 Total Taxes 192,091 191,813 278 TOTAL REVENUE $ 192,091 $ 191,813 $ 278 Schedule of Expenditures Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) CAPITAL OUTLAY: Building improvements $ 1,233,067 $ 1,438,848 $ 205,781 Total Capital Outlay 1,233,067 1,438,848 205,781 TOTAL EXPENDITURES $ 1,233,067 $ 1,438,848 $ 205,781 Schedule of Operating Transfers-in Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS-IN: General Fund $ 50,000 $ 50,000 $ -0- Contingent 200,000 200,000 'O- TOTAL OPERATING TRANSFERS-IN $ 250,000 $ 250,000 $ -0- The Notes to Financial Statements are an integral part of this schedule. 72 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. COLORADO COUNTY OF WELD STATE OF COLORADO SPECIAL ASSESSMENT FUND EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1984 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. • 73 COUNTY OF WELD STATE OF COLORADO SPECIAL ASSESSMENT FUNDS COMBINING BALANCE SHEET December 31, 1984 ASSETS Improvement Improvement District District Number 1981-2 Road - 5 Elmore Road Total ASSETS: Cash with treasurer $ 62,393 $ 3,372 $ 65,765 Special assessments receivable: 1 282 Current -0- 1,282 , Deferred -0- 7,692 7,692 Due from other county funds 117,000 -0- 7.17,000 TOTAL ASSETS 11221,122 $ 12,346 $ 191,739 LIABILITIES AND FUND BALANCE LIABILITIES: Due to other county funds $ -0- $ 2,002 $ 2,002 Deferred revenue -0- 7,692 7,692 Advance from General Fund: Current -0- 1,282 1,282 Deferred -0- 7,692 7,692 Bonds payable: L00 000 Current 100,000 -0- Deferred 900,000 -0- _900,000 Total Liabilities 1,000,000 18,668 12018,668 FUND BALANCE (DEFICIT): -0- 102,750 Reserved for encumbrances 102,750 Unreserved: Undesignated (923,357) (6,322) (929,679) Total Fund Balance (deficit) (820,607) (6,322) (826,929) TOTAL LIABILITIES AND FUND BALANCE $ 179,393 $ 12,346 $ 191,739 The Notes to Financial Statements are an integral part of this schedule. 74 COUNTY OF WELD' STATE OF COLORADO SPECIAL ASSESSMENT FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES December 31, 1984 Improvement Improvement District District Number 1981-2 Road - 5 Elmore Road Tctal REVENUE: 25,786 Miscellaneous revenue $ 23�134, 1____12.§.E $ Total Revenue 23,134 2,652 _25,786 EXPENDITURES: -0- 1 018,741 Debt service 1,018,741 —.s--- Total Expenditures 1,018,741 -0- 1018,741 EXCESS (DEFICIENCY) OF REVENUE (995,607) 2,652 (992,955) OVER EXPENDITURES OTHER FINANCING SOURCES (USES): _ 00 0 175,0 Operating transfers-in 175,000 _ — -- 00 EXCESS (DEFICIENCY) OF REVENUE AND OTHER SOURCES OVER EXPENDITURES 2,652 (817,955) AND OTHER USES (820,607) FUND BALANCE (Deficit), January 1, 1984 -0- (8,974) (8,974) FUND BALANCE (Deficit), December 31, 1984 S (820,607) 1.-S±-2.3-23.) $ (826,929) 75 COUNTY OF WELD STATE OF COLORADO SPECIAL ASSESSMENT FUNDS IMPROVEIfENT DISTRICT - ROAD 5 Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) MISCELLANEOUS REVENUE: S _0_ Special assessments $ -0- $ -0_ Earnings on investments _ 23,134 -0- ,23,134 Total Miscellaneous Revenue 23,134 -0- _23,134 TOTAL REVENUE $ 23,134 $ -0- s 23,134 Schedule of Expenditures Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) EXPENDITURES: 2,770 Debt Service $1.018,741 $1 0511 $ TOTAL EXPENDITURES $1,018,741 $1,021,511 $ 2,770 Schedule of Operating Transfers-in Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS-IN: -0- $ 175,000 General Fund $ 175,000 $ TOTAL OPERATING TRANSFERS-IN 1_111222 $ -0- $ _175,000 The Notes to Financial Statements are an integral part of this schedule. 76 COUNTY OF WELD STATE OF COLORADO SPECIAL ASSESSMENT FUNDS IMPROVEMENT DISTRICT NUMBER 11)81-2 ELMORE ROAD Schedule of Revenue Compared with Estimate December 31, 1984 VarLance Favorable Actual Estimate (Unfavorable) MISCELLANEOUS REVENUE: Special assessments $ 1,282 $ 2,660 $ (1,378) Earnings on investments 1,370 -0- _ 1,370 Total Miscellaneous Revenue 2,652 2,660 (8) TOTAL REVENUE S 2,652 $ 2,660 S (8) Schedule of Expenditures Compared with Budget December 31, 1984 Vaiance Favorable Actual Budget (Unfavorable) EXPENDITURES: , Debt Service $ -0- S 2,660 $_ 2 6_0 TOTAL EXPENDITURES $ -0- $ 2,660 $ 2,660 The Notes to Financial Statements are an integral part of this schedule. 77 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. 17 CI '14;ec" COLORADO COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1984 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. 79 COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS COMBININC BALANCE SHEET December 31, 1984 Computer Motor Vehicle Printing and Services Insurance Fund Supply Fund Fund Fund Total CURRENT ASSETS: Cash with treasurer $ 411,719 $ (27,466) $ 554,249 $ 515,761 $1,454,263 Cash - other -0- -0- -0- 7,500 7,500 Receivables (net where applicable of allowance for uncollectibles): Accounts 138,184 550 11,202 22,829 172,765 Current property taxes -0- -0- -0- 511,095 511,095 Delinquent property taxes -0- -0- -0- 6,750 6,750 Due from other governmental units -0- -0- 3,756 -0- 3,756 Due from other county funds 431,447 12,441 135,450 -0- 579,338 Inventories 59,063 132,132 -0- -0- 191 ,195 Prepaid expenses _ -0- 8,576 359 —_ -0- 8,915 Total Current Assets 1,040,413 126,733 705,016 1,063,935 2,935,597 ,FIXED ASSETS: Land 412,329 -0- -0- -0- 412,329 Land under capital lease 274,820 -0- -0- -0- 274,820 Land improvements 19,344 -0- -0- -0- 19,344 Buildings 709,102 -0- -0- -0- 709,102 Equipment and furniture 8,245,606 54 885 1,418,494 -0- 9,718,985 9,661;1 UT —34733 1,418,494 --0- 1.1,134,380 Less: Accumulated 2) depreciation (4,568,109) (29,341) (759,082) -0- (5 53 2356,_ ._ Total Fixed Assets 5,093,092 25,544 659,412 -0- 5,778,048 TOTAL ASSETS $6,133,505 $ 151,777 $1,364,428 $1 062935 S8,713,645 LIABILITIES AND FUND EQUITY CURRENT LIABILITIES: Vouchers payable $ 100,982 $ 1,894 $ 5,624 $ 20,100 $ 128,600 Accrued liabilities 1,137 3,495 138,134 -0- 142,766 Due to other county funds 34,513 255 560 6,341 41,'69 Current portion of capital lease obligation 1,000 -0- -0- -0- 1,000 g . -0- -0- -0- __ 511,095 511,095 Deferred revenue _ _ Total Current Liabilities 137,b32 5,644 144,318 5� 3�7 53,6 825 130:-- Total Liabilities 137,632 5,644 144,318 537:536 — 825,130 FUND EQUITY: Contributed capital 4,882,625 120,599 ------L 565155 -0- 5,568,379 Retained Earnings: Reseved for claims -0- -0- -0- 438,398 438,398 Unreserved _1,113,248 _ 25,534 ___654,955, 88,001 1,881,738 Total Retained Earnings 1,113,248 25,534 ____A 654955 526,399 7,320,136 Total Fund Equity 5,995,873 _ 146 ,1.33 1,220,110 526,399 7,888,515 TOTAL LIABILITIES AND FUND EQUITY $6,133,505 S 151,777 S1,364,428 $1,063,935 $8,713-,645 The Notes to Financial Statements are an integral part of this schedule. 80 COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL December 31, 1984 Computer Motor Vehicle Printing and Services Insurance Fund Supply Fund Fund Fund _ Total CONTRIBUTED CAPITAL, January 1, 1984 $ 4,868,242 $ 120,599 $ 545,000 $ -0- $ 5,533,841 Add: 1984 contributions from: Capital. Expenditures Fund 14,383 -0- -0- -0- 14,383 General Fund -0- -0- 20,155 -0- 20,155 CONTRIBUTED CAPITAL, December 31, 1984 $ 4,882,625 $ 120,599 S 565,155 $ -0- $ 5,568,379 The Notes to Financial Statements are an integral part of this schedule. 81 COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS December 31, 1984 Computer Motor Vehicle Printing and Services Insurance Fund Supply Fund Fund Fund _ Total OPERATING REVENUE: Taxes S -0- $ -0- $ -0- $ 526,303 $ 526,303 Charges for services 2,222,489 148,952 1,554,034 -0- _3,925,475 Total Operating Revenue 2,222,489 148,952 1,554,034 526,303 _4,451,778 OPERATING EXPENSES: -0- 1,441,721 Personnel services 333,398 38,440 1,069,883 Contractual services 260,652 2,487 168,690 68,158 499,987 Supplies 672,449 1,956 39,832 3,646 717,883 Materials -0- 83,758 -0- -0- 83,758 Heat, light & power 59,173 -0- -0- -0- 59,173 Depreciation 849,646 7,280 276,772 -0- 1,].33,698 Repairs and maintenance 1,109 5,373 -0- -0- 6,482 Insurance and bonds -0- -0- -0- 240,497 240,497 Claims -0- -0- -0- 179,984 179,984 Other expenses 42071 _ ___ -0~ 13,919 -0- ______1202q Total Operating Expenses 2,180,498 139,294 1,569,096 492,285 4,381,173 Operating Income (Loss) 41,991 9,658 (15,062) 34,018 ..--22.2605 NONOPERATINC REVENUE (EXPENSES): -0- -0- -0- 4,715 Farm income 4,715 Gain (loss) on sale of fixed assets 94,368 -0- -0- -0- 8 - -0- 32,222 9 94,362,368 Earnings on investments 2 Judgements and damages -0- -0- -0- 23,,529 23,529 Total Nonoperating Revenue (Expenses) 94,083 -0- -0- 55,751 154,834 OTHER FINANCING SOURCES: -0- 372725 Operating transfers-in -0- -0- 372 725 Total Financing Sources -0- -0- 372 _725 —. -0- 372,725 NET INCOME 141,074 9,658 357,663 89769 598,164 RETAINED EARNINGS, January 1, 1984 972,174 15 876 297,292 _ 436,630 1,721,972 RETAINED EARNINGS December 31, 1984 $1,113,248 $ 25,534 S 654,955 S 526,399 L2:211:2.1.22 .6 The Notes to Financial Statements are an integral part of this schedule. 82 COUNTY OF WELD S O' I RADO INTERNAL SERVICE FONDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION December 31, 1984 Computer Motor Vehicle Printing and Services Insurance Fund Supply Fund Fund Fund Total WORKING CAPITAL PROVIDED: Net Income (Loss) S 141,074 $ 9,658 $ 357,663 $ 89,769 $ 598,164 Items which did not require outlay of working capital: Depreciation 849,646 7,280 276,772 -0- 1,1.33,698 (Gain) Loss on sale of fixed assets (94,368) -0- -0- -0- (94,368) Working capital provided by operations 896,352 16,938 634,435 89,769 1,637,494 Contributions from capital expenditures 14,383 -0- -0- -0- 14,383 Contributions from general fund -0- -0- 20,155 -0- 20,155 Proceeds from sale of fixed assets 103,209 -0- -0- -0- _103,209 Total Working Capital Provided 1,013,944 16,938 654,590 89,769 1,775,241 WORKING CAPITAL APPLIED: Acquisition of fixed assets 976,297 -0- 200,051 -0- 1,176,348 Payments and current maturities of long-term debt and capital lease obligations 39,710 -0- -0- -0- _ 39,710 Total Working Capital Applied 1,016,007 -0- 200,051 -0- 11216,058 INCREASE (DECREASE) IN WORKING CAPITAL $ (2,063) $ 16,938 $ 454,539 $ 89,769 $ 559,183 CHANGES IN COMPONENTS OF WORKING CAPITAL: Increase (decrease) in current assets: Cash with treasurer $ (22,306) $ (45,049) $ 398,722 $ (835) $ 330,532 Receivables: Accounts 125,312 (1,794) (392) 22,829 145,955 Current property taxes -0- -0- -0- 24,338 24,338 Delinquent property taxes -0- -0- -0- 2,212 2,212 Due from other governmental units -0- -0- (6,358) -0- (6,358) Due from other county funds 122,430 694 (29,169) (21,278) 72,677 Inventories (203,551) 23,718 -0- -0- 1179,833) Prepaid expenses -0- 8,576 359 -0- _____J— Net 8935 increase (decrease) in current assets 21,885 (13,855) 363,162 27,266 _398,458 (Increase) decrease in current - liabilities:. Vouchers payable (64,754) 13,602 62,112 28,066 39,026 Accrued liabilities 48,491 (234) (21,263) 489 27,483 Due to other county funds (7,685) 17,425 50,528 58,286 118,554 Deferred revenue -0- -0- -0- (24,338) _ (24,338) Net (increase) decrease in current liabilities (23,948) 30,793 91,377 62,503 --.-2 160725 INCREASE (DECREASE) IN WORKING CAPITAL $ (2,063) $ 16,938 $ 454,539 $ 89,769 $ 559,183 The Notes to Financial Statements are an integral part of this schedule. 83 COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS MOTOR VEHICLE FUND Schedule of Operating Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Budget (Unfavorable) OPERATING REVENUE:Charges for services $ 2,222,489 $ 2,222,487 $ 2 TOTAL OPERATING REVENUE $ 2,222,489 $ 2,222,487 $ 2 Schedule of Operating Expenses Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) OPERATING EXPENSES: Personnel services $ 333,398 $ 487,688 $ 154,290 Contractual services 260,652 158,375 (102,277) Supplies 672,449 1,339,821 667,372 Heat, light E. power 59,173 75,000 15,827 Depreciation 849,646 824,859 (24,787) Repairs and maintenance 1,109 1,000 (109) Other expenses 4,071 113,581 109,510 TOTAL OPERATING EXPENSES $ 2,180,498 $ 3,000,324 $ 819,826 The Notes to Financial Statements are an integral part of this schedule. 84 COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS MOTOR VEHICLE FUND Schedule of Non-Operating Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) NONOPERATING REVENUE:Farm income $ 4,715 $ -0- $ 4,715 Gain on sale of fixed assets 94,368 91,550 _______x___ 2818 TOTAL NONOPERATING REVENUE $ 99,083 $ 91,550 $ 7,533 Schedule of Fixed Asset Acquisitions Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) FIXED ASSET ACQUISITIONS: Equipment and furniture $ 961,912 $ 1,060,134 $ 98,222 TOTAL FIXED ASSET ACQUISITIONS $ 961,912 $ 1,060,134 $ 98,222 The Notes to Financial Statements are an integral part of this schedule. 85 COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS PRINTING AND SUPPLY FUND Schedule of Operating Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) OPERATING REVENUE: $ 148,952 1.141211 6 $ (284) Charges for services TOTAL OPERATING REVENUE $ 148,952 $ 149,236 $ (284) Schedule of Operating Expenses Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) OPERATING EXPENSES: $ 38,440 $ 39,795 $ 1,355 Personnel services 8,447 795 (1,355) Contractual services 1 674 Supplies 1,956 3,800 11,844 Materials 83,758 99,514 15,756) Depreciation 75,3$3 13,486 _ 8,113 Repairs and maintenance TOTAL OPERATING EXPENSES U19,194 1_1§12922?! $ 22,706 The Notes to Financial Statements are an integral part of this schedule. 86 COUNTY OF WELD STATE OF COLORADO INTERNALS COMPUTER SERVICES FUND Schedule of Operating Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) OPERATING REVENUE: Charges for services $ 1,554,034 $ 1,461,962 $ 92,072 TOTAL OPERATING REVENUE $ 1,554,034 $ 1,461,962 $ 92,072 Schedule of Operating Expenses Compared with Budget December 31, 1964 Variance Favorable Actual Budget (Unfavorable) OPERATING EXPENSES:Personnel services $ 1,069,883 $ 1,089,756 $ 19,873 Contractual services 168,690 209,371 40,681 Supplies 39,832 42,684 2,852 Depreciation 276,772 254,776 (21,996) Other expenses 13,919 3,850 (10,069) TOTAL OPERATING EXPENSES $ 1,569,096 $ 1,600,437 $ 31,341 Schedule of Fixed Asset Acquisition Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) Fixed Asset Acquisitions: ;109,259) Equipment $ 200,249 $ 90,990 $ TOTAL FIXED ASSET ACQUISITIONS $ 200,249 $ 90,990 $ (109,259) Schedule of Operating Transfers-in Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) OPERATING TRANSFERS-IN: $ 372,725 General Fund $ 372,725 $ TOTAL OPERATING TRANSFERS-IN $ 372,725 $ -0- $ 372,725 The Notes to Financial Statements are an integral part of this schedule. 87 COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS INSURANCE FUND Schedule of Operating Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) OPERATING REVENUE: General property tax $ 489,708 $ 486,757 $ 2,951 Specific ownership tax 36,595 31,738 4,857 Charges for services -0- 30,000 _(30,000) TOTAL OPERATING REVENUE $ 526,303 $ 548,495 $ (22,192) Schedule of Operating Expenses Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) OPERATING EXPENSES: Contractual services $ 68,158 $ 73,095 $ 4,937 Supplies 3,646 1,000 (2,646) Insurance and Bonds 240,497 221,400 (19,097) Claims 179,984 376,988 _197,004 TOTAL OPERATING EXPENSES $ 492,285 $ 672.,483 $ 180,198 Schedule of Non-Operating Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) NONOPERATING REVENUE: Earnings on investments $ 32,222 $ 20,000 $ 12,222 Judgements and damages 23,529 27,000 TOTAL NONOPERATING REVENUE $ 55,751 $ 47,000 $ 8.751 The Notes to Financial Statements are an integral part of this schedule. 88 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. 1 Wm`Pc. COLORADO COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31 , 1984 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. 89 COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS COMBINING BALANCE SHEET December 31, 1984 Pension Trust Expendable Trust Weld County North Colorado Health Antelope Retirement Medical Insurance Rills Fund Trust Fund Fund Trust Fund ASSETS ASSETS: Cash with treasurer $ 109,637 $ 3,190,645 $ 693,227 $ 14,330 Cash - other 3,932 -0- 2,500 -0- Investments (at market) 12,633,334 -0- -0- -0- Receivables (net where applicable of allowance for uncollectibles): 20 316 -0- Accounts 223,333 -0- , Current property taxes -0- 255,692 -0- -0- Delinquent property taxes -0- 8,769 -0- -0- Due from other county funds 75 Prepaid expenses 30,316 -0- 181 -0- TOTAL ASSETS $ 13,000,627 $ 3,455,106 $ 716,224 $ 14,330 LIABILITIES AND FUND BALANCE LIABILITIES: $ _0_ Warrants payable $ -0- $ -0- $ Vouchers payable 30,033 -0- 3,816 -0- Due to other governmental units -0- -0- -0- -0- Due to other county funds 93 -0- 37,550 -0- Deferred revenue -0- 256,397 -0- -0- Other liabilities -0- -0- -0- -0- Total Liabilities 30,126 256,397 41,366 -0- FUND BALANCE: Reserved for employee _0_ -0- benefits 9,267,695 -0- Unreserved: Undesignated 3,702,806 3,198,709 674,858 _ 14,330 Total Fund Balance 12,970,501 3,198,709 674,858 _ 14,330 TOTAL LIABILITIES AND FUND BALANCE $ 13,000,627 $ 3,455,106 $ 716,224 $ 14,330 The Notes to Financial Statements are an integral part of this schedule. 90 Agency Total General Payroll Greeley Deferred Current Agency Agency Video Compensation Fiscal Year Fund Fund _ Agency Fund Fund 1984 $ 10,631,531 $ 427,990 $ 3,000 $ -0- $ 15,070,360 -0- -0- -0- 6,432 -0- -0- 180,907 12,614,241 980 245,085 -0- -0-456 -0- -0- 255,692 -0- -0- -0- _0_ 8,769 -0' -0- _0_ 24,245 _0_ 24,170 -0- 30,497 $ 10,631,531. $ 452,616 $ 3,000 181,887 $_ 28,4=5,321 $ -0- $ 109,023 $ -0- $ -0- $ 109,023 -0- 326,204 -0- -0- 360,053 10,631,531 -0- -0- -0- 10,631,531 -0.- 531 17,389 -0- 980 256,012 -0- "0- -0 -0 180,907 180,907 10,631,531 452,616 -0- 181.,887 11,593,923 -0- _0_ -0- 9„267,695 -0- -0_ 3,000 -0- 7,593,703 -0- -0- 3,000 -0- 16 861,398 $ 10,631,531 $ 452,616 $ 3,000 $ 181,887 $ 28,455,321 91 COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS STATEMENT OF REVENUES EXPENSES AND CHANGES IN FUND BALANCES - ALL PENSION TRUST FUNDS December 31, 1984 Weld County Retirement Fund OPERATING REVENUE: Net appreciation (depreciation) in fair value of investments $ (1,966,026) Contributions 1,332,786 Total Operating Revenue $ (633,240) OPERATING EXPENSES: Benefit payments 316,266 Refunds 382,735 Actuary fees 41,208 Audit fees 3,954 Total Operating Expenses 744,163 OPERATING INCOME (1,377,403) NON-OPERATING REVENUE: Earnings on investments 3,009,812 Total Non-Operating Revenue - 3,009,812 INCOME BEFORE OPERATING TRANSFERS OPERATING TRANSFERS IN: 93,754 General Fund — 54 Total Operating Transfers In 93,754 Net Income 1,726,163 FUND BALANCE, January 1, 1984 11,244,338 FUND BALANCE, December 31, 1984 $ 12,970,501 The Notes to Financial Statements are an integral part of this schedule. 92 COUNTY OF WELD STATE OP COLORADO TRUST AND AGENCY FUNDS STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PENSION TRUST FUNDS December 31, 1984 Weld County Retirement Fund WORKING CAPITAL PROVIDED: Net Income $ 1,7261163 Working capital provided from operations S 1,726,163 INCREASE IN WORKING CAPITAL $ 1,726,163 CHANGES IN COMPONENTS OF WORKING CAPITAL: Increase (decrease) in current assets: Cash with Treasurer $ 3,893 Cash - other 3,802 Investments 1,750,328 Receivables: Accounts (43,270) Due from other county funds (137) Prepaid expenses 7,230 Net increase in current assets 1,123 846 Increase in current liabilities: Vouchers payable 4,230 Due to other county funds 87 Net increase in current liabilities 4,317 INCREASE IN WORKING CAPITAL $ 1,726,163 The Notes to Financial Statements are an integral part of this schedule. 93 COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS COMBINING STATEMENT OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES - ALL EXPENDABLE TRUST FUNDS December 31, 1984 North Colorado Health Medical Center Insurance Antelope Hills Trust Fund Fund Trust Fund Total REVENUE: Taxes $ 589,239 $ -0- $ -0- $ 589,239 Miscellaneous revenue 260,936 983,270 1,331 1,245,537 Total Revenue 850,175 983,270 X331 1,834:776 EXPENDITURES: Miscellaneous -0- 793,253 -0- 793,253 Total Expenditures -0- 7931253 -0- 793,253 EXCESS OF REVENUE OVER EXPENDITURES 850,175 190,017 1,331 1,041,523 FUND BALANCE, January 1, 1984 2,348,534 484,841 12,999 2,846,374 FUND BALANCE, December 31, 1984 $ 3,198,709 $ 674,858 $ 14,330 $ 3,687,897 The Notes to Financial Statements are an integral part of this schedule. 94 COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FU13DS COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS December 31, 1984 Balance Balance 1/1/84 Additions Deductions 12/31/84 GENERAL AGENCY FUND TOTAL ASSETS $ 6,635,048 S 247,566,617 $ 243,570)134 S 10,631,531 TOTAL LIABILITIES $ 6,635,048 $ 247,566,617 $ 243,570,134 $ 10,631,531 PAYROLL AGENCY FUND TOTAL ASSETS $ 463,632 $ 15,738,074 $ _15,749,090 $ 452,616 TOTAL LIABILITIES $ 463,632 $ 15,738,074 $ 15,749,090 $ 452,616 GREELEY VIDEO AGENCY FUND TOTAL ASSETS $ 3,000 $ -0- $ -0- S 3,000 TOTAL LIABILITIES $ 3,000 $ -0- $ -0- $ 3,000 DEFERRED COMPENSATION FUND TOTAL ASSETS $ -0- $ 187,995 S 6,108 $ 181,887 TOTAL LIABILITIES $ -0- $ 187,995 S 6,108 $ 181,887 TOTAL - ALL AGENCY FUNDS TOTAL ASSETS $ 7,101,680 $ 263,492,686 $ 259,325,332 $ 11,269,034 TOTAL LIABILITIES S 7,101,680 $ 263,492,686 $ 259,325,332 $ 11,269,034 The Notes to Financial Statements are an integral part of this schedule. 95 COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS NORTH COLORADO MEDICAL CENTER TRUST FUND Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) TAXES: General property taxes $ 548,254 $ 545,162 $ 3,092092 Specific ownership taxes _ 40,985 40,000 Total Taxes 589,239 585,162 4,077 MISCELLANEOUS REVENUE: 160 936 Earnings on investments 260,936 100,000 Total Miscellaneous Revenue 260,936 100,000 150,936 TOTAL REVENUE $ 850,175 $ 685,162 $ 165,013 Schedule of Expenditures Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) CAPITAL OUTLAY: $ 685,162 $ 685,162 Capital acquisitions $ -0- Total Capital Outlay -0- 685,162 __,685,162 TOTAL EXPENDITURES $ -0- $ 685,162 1...__.t2.12.13. The Notes to Financial Statements are an integral part of this schedule. 96 COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS HEALTH INSURANCE FUND Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) MISCELLANEOUS REVENUE: Contributions $ 903,874 $ 988,038 S (84,164) Earnings on Investment 39,748 -0- 39,748 Less Recoveries 39,648 -0- TOTAL REVENUE $ 983,270 $ 988,038 $ (4.1768) Schedule of Expenditures Compared with Budget December 31, 1984 Variance Favorable Actual Budget (Unfavorable) EXPENDITURES: Claims $ 731,314 S 903,796 S 172,482 40 140 3,050 Contractural services 24'89 44,102 19,253 Insurance and bonds , TOTAL EXPENDITURES $ 793,253 .L__91L9.211. $ 194,785 The Notes to Financial Statements are an integral part of this schedule. 97 COUNTY OF WELD STATE OP COLORADO TRUST AND AGENCY FUNDS Schedule of Revenue Compared with Estimate December 31, 1984 Variance Favorable Actual Estimate (Unfavorable) MISCELLANEOUS REVENUE: 1,331 $ -O- $ Earnings on investments $ TOTAL REVENUE 1_12121 $ -o_ $ 1,331 The Notes to Financial Statements are an integral part of this schedule. 98 GENERAL FIXED ASSETS ACCOUNT GROUP Investments in property and equipment, except for those of the Internal Service Funds are recorded in this account group. f 70(lifirni‘c WI`Pc. COLORADO COUNTY OF WELD STATE OF COLORADO GENERAL FIXED ASSETS SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCES December 31, 1984 GENERAL FIXED ASSETS: $ 1,494,618 Land 205,361 Land improvements 16,619,667 Buildings 2,396,306 Equipment and furniture TOTAL GENERAL FIXED ASSETS $ 20,715,952 INVESTMENTS IN GENERAL FIXED ASSETS FROM: 967,11, 678 967,61 Current revenue Gifts and grants 7,799,1598 Federal Revenue Sharing 15 TOTAL INVESTMENTS IN GENERAL FIXED ASSETS $ 20,715,952 The Notes to Financial Statements are an integral part of this schedule. 99 COUNTY OF WELD STATE OF COLORADO GENERAL FIXED ASSETS SCHEDULE OF GENERAL FIRED ASSETS - BY FUNCTION AND ACTIVITY December 31, 1984 Land Equipment & Land Improvements Buildings Furniture Total General Government: Commissioners $ -0- $ -0- $ -0- $ 19,757 $ 19,757 County attorney -0- -0- -0- 10,702 10,702 Planning and zoning -0- -0- -0- 21,974 21,974 Accounting -0- -0- -0- 14,577 14,577 Finance & administration -0- "0- -0- 9,976 9,976 Clerk and Recorder -0- -0- -0- 338,872 338,872 Elections -0- -0- -0- 28,013 28,013 County Treasurer -0- -0- -0- 41,263 41,263 County Assessor -0- -0- -0- 66,412 66,412 County Council -0- -0- -0- 4,019 4,019 Personnel -0- -0- -0- 11,236 11,236 Buildings and grounds -0- -0- -0- 50,811 50,811 Communications -0- -0- -0- 400,338 400,338 Purchasing -0- -0- -0- 11,679 11,679 Other -0- -0- -0- 58,238 58,238 General government buildings 1,159,932 9,503 12,952,747 -0- 14,122,182 Total General Government 1,159,932 9,503 12,952,747 1,087,867 15,210,049 Judicial: District Attorney -0- -0- -0- 90,263 90,263 Total Judicial -0- -0- -0- 90,263 _ 90,263 Public Safety: 193,668 193,668 Sheriff 618 618 County Coroner -0- -0- -0- Building inspection -0- -0- -0- 4,964 4,964 Office of emergency 665 665 management "0" -O -0 Total Public Safety _0- -0- -0- 199,915 _ 199,915 Health and Hospitals: Public health 162,369 15,068 901,207 193,249 1,271,893 Ambulance _0- 5,465 117,096 60,964 183,525 Total Health & Hospitals 162,369 20,533 1,018,303 254,213 1,455,418 County Roads & Highways: 124 -0- 69,723 69,847 Engineering & administration -O- Total County Roads 68,723 69,847 and Highways _0- 124 -0- Public Welfare: -0- 663,739 94+549 928.606 Administration 170,318 — Total Public Welfare 1700,318 -0- 663,739 94,549 928,606 Auxiliary Services: Extension 200 -0- 787,375 26,304 813,879 Exhibition building -0- 80,132 171,762 1236 11,236 253,130 130 Missile Veterans _p_ 90,204 -0- 57,411 147,615 Ya elte uuth shelter -0- -0- 48,812 8,771 0 51,583 440 Intake classification -0- -0- 1,440 Library -0- 3,199 816,513 165,277 984,989 Human Resources 1,800 1,666 158,975 330,375 _ 492,816 Total Auxiliary Services 2,000 175,201 1,984,877 599,776 2,761,854 TOTAL GENERAL FIXED ASSETS ALLOCATED TO FUNCTIONS S 1,494,619 $ 205,361 $ 16,619,666 $ 2,396,306 $ 20,715,952 The Notes to Financial Statements are an integral part of this schedule. 100 COUNTY OF WELD STATE OF COLORADO GENERAL FIXED ASSETS SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY December 31, 1984 General General Fixed Assets Fixed Assets 1/1/83 Additions Deletions 12/31/83 General Government: 19 757 Commissioners $ 17,782 $ 2,150 $ 175 S County attorney 11,003 1,530 1,831 10,702 Planning and zoning 33,780 197 12,003 21,974 Accounting 14,856 726 1,005 14,577 Finance and administration 34,712 3,039 27,775 9,976 Clerk and Recorder 303,930 57,114 22,172 338,872 Elections 28,220 1,251 1,458 28,013 County Treasurer 34,177 8,350 1,264 41,263 County Assessor 63,711 5,374 2,673 66,412 412 County Council 2,506 1,513 -0- Personnel 10,039 1,852 655 11,236 Buildings and grounds 43,439 7,639 267 50,811 Communications 279,618 120,720 -0- 400,338 Purchasing 14,839 2,841 6,001 11,679 Other 48,509 13,232 3,503 58,238 General government buildings 13,698,880 423,302 -0- _ 14,122,182 Total General Government 14,640,001 650,830 80,782 15,210,049 Judicial: 263 District Attorney _ 100,810 14,375 24,922 90, Total Judicial 100,810 14,375 24,922 90,263 Public Safety: 8 66 Sheriff 184,739 14,660 5,731 193,668 County Coroner 618 -0- -0- 618 6 _ Building inspection 4,964 -0- -0 4,964 Office of emergency management -0- 665 -0- 665 Total Public Safety 190,321 15,325 5,731 199,915 Health and Hospitals: 1,271,893 Public health 1,287,250 14,582 29,939 Ambulance 179,796 3,729 -0- 183,525 Total Health and Hospitals 1,467,046 18,311 29,939 - 1,455,418 County Roads and Highways: 69,847 Engineering & administration 67,647 9,478 �, 7,278 Total County Roads and Highways 67,647 9,478 _ 8 69,847 Public Welfare: 928,606 Administration 189,436 741,103 _ 1,933 _ Total Public Welfare 189,436 741,103 1,933 926 606 Auxiliary Services: 809 -0- 813,879 Extension 813,070 -0-Exhibition building 253,130 -0- 253,130 1828 8,574 -0- 10,402 Veterans Missile site 133,483 15,632 1,500 147,615 Youth shelter 53,495 4,188 100 57,583 Intake classification 1,440 -0- Library 956,492 31,773 3,276 984,989 Human Resources 346,180 — 148,422 1,786 492,816 Total Auxiliary Services 2,559,118 ____221021 6,662 2,761,854 TOTAL GENERAL FIXED ASSETS ALLOCATED TO FUNCTIONS $ 19,214,379 $ 1,658,820 1_112,l4 $$ 2052 The Notes to Financial Statements are an integral part of this schedule. 101 GENERAL LONG - TERM DEBT ACCOUNT GROUP Sick and vacation accrual for Governmental Fund types are recorded in this fund. COLT ORADO COUNTY OF WELD STATE OF COLORADO GENERAL LONG-TERM DEBT - BY SOURCES December 31, 1984 GENERAL LONG-TERM DEBT: Amount to be provided for retirement of general long-term debt 2-1912222 GENERAL LONG-TERM DEBT FROM: General Fund $ 427,676 Road and Bridge Fund 136,919 Social Services Fund 269,926 Health Fund 47,376 Library Fund 12,526 Housing Authority —147 TOTAL GENERAL LONG-TERM DEBT $ 897,570 The Notes to Financial Statements are an integral part of this schedule. 103 STATISTICAL SECTION WIiDc. COUNTY OF WELD STATE OF COLORADO General Governmental Expenditures by Function (Unaudited) Last Ten Years County Public General Public Roads & Health & Highways Welfare Year Government Safety 1975 $ 2,357,712 $ 694,573 $ 4,367,442 $ 9,910,893 1976 $ 3,151,544 $ 984,453 $ 4,638,973 $ 8,617,722 1977 - $ 4,129,260 $ 1,198,836 $ 4,430,812 $ 9,128,764 1978 $ 4,777,054 $ 2,551,449 $ 5,493,292 $ 9,691,198 1979 S 4,709,301 $ 2,808,358 $ 6,157,485 $10,775,974 1980 $ 5,203,105 $ 3,150,728 $ 7,436,150 $12,436,419 1981 $ 5,403,963 $ 3,525,539 $ 6,811,742 $13,783,902 1982 $ 5,400,021 $ 5,229,851 $ 6,997,923 $12,875,917 1983 $ 5,725,137 $ 5,575,881 $ 7,716;877 $13,961,545 1984 $ 6,082,536 $ 6,294,660 $ 8,136,114 $13,799,706 General Revenue by Source (Unaudited) Last Ten Years Licenses Intergovernmental Year Taxes and Permits Revenue 1975 $ 8,263,808 $ 114,169 $ 10,246,881 1976 $ 10,675,124 $ 173,902 $ 10,928,859 1977 $ 9,694,012 $ 141,938 $ 11,620,117 1978 $ 10,273,210 $ 187,067 $ 13,517,280 1979 $ 11,288,778 $ 196,545 $ 14,280,094 1980 $ 12,025,910 $ 383,881 $ 18,664,253 1981 $ 12,947,563 $ , 400,670 $ 20,283,181 1982 $ 13.,166,62]. $ 463,542 $ 17,204,249 1983 $ 14,467,200 $ 635,645 $ 18,679,901 1984 $ 15,932,964 $ 669,934 $ 19,284,616 106 Auxiliary Debt Intergovernmental Services Capital Outlay Service Expenditures Miscellaneous $ 1,856,6/3 $ 3,557,866 $ * $ * $ 173,283 $ 2,441,556 $ 3,281,152 $ * $ * $ 282,312 $ 2,879,029 $ 3,774,888 $ * $ 71,924 $ 221,692 $ 3,984,390 $ 1,091,611 $ * $ 121,761 $ 111,134 $ 3,692,883 $ 805,092 $ * $ 169,316 $ -0- $ 5,926,461 $ 344,889 $ * $ 118,498 $ -0- $ 6,287,607 $ 591,188 $ * $ 83,594 $ -0- $ 3,709,018 $ 485,735 $ * $ 375,305 $ 338,637 $ 3,856,846 $ 379,684 $ 2,274 $ 431,789 $ 685,246 $ 3,954,896 $ 1,347,365 $1,018,741 $ 415,102 $ 1,074,232 * 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 $ 1,242,969 $ 2,984 $ 1,176,414 $ -0- $ 1,524,900 $ 2,192 $ 1,122,108 $ -0- $ 1,181,004 $ 2,364 $ 2,180,596 $ -0- $ 1,278,237 $ 2,171 $ 2,417,306 $ -0- $ 1,159,849 S 3,018 $ 2,277,170 $ -0- $ 1,974,601 $ 3,064 $ 2,089,689 $ -0- $ 1,931,937 $ 3,108 $ 2,951,603 $ -0- $ 1,151,453 $ 6,792 $ 2,995,740 $ 1,160,740 $ 1,406,359 $ 26,667 $ 2,543,940 $ 1,305,116 $ 1,541,520 $ 37,592 $ 3,948,342 $ 1,533,455 General revenue includes revenue of General, Special Revenue, Capital Projects and Special Assessment Funds. 107 COUNTY OF WELD STATE OF COLORADO Property Tax Levies and Collections (Unaudited) Last Ten Years Total Total Current Percent Delinquent Total Outstanding Original Tax Tax of Levy Tax Tax Delinquent Year Levy Collections Collected Collections Collections Taxes 1975 $ 7,538,782 $ 7,514,231 99.67 $ 17,275 $ 7,531,506 $ * 1976 $ 9,867,851 $ 9,817,943 99.49 $ 22,451 $ 9,840,394 $ * 1977 $ 10,121,370 $ 10,099,155 99.78 $ 27,904 $ 10,127,059 $ 65,250 1978 $ 10,618,807 $ 10,558,800 99.43 $ 25,507 $ 10,584,307 $ 80,380 1979 $ 11,144,614 $ 11,101,916 99.62 $ 27,699 $ 11,129,615 $ 66,715 1980 $ 11,708,099 $ 11,660,552 99.59 $ 42,189 $ 11,748,758 $ 70,795 1981 $ 12,622,216 $ 12,596,620 99.68 $ 39,303 $ 12,635,923 $ 52,053 1982 $ 13,252,865 $ 13,169,249 99.37 $ 81,490 $ 13,250,739 $ 69,656 1983 $ 14,399,734 $ 14,307,719 99.36 $ 97,625 $ 14,405,344 $154,546 1984 $ 15,119,720 $ 14,985,503 99.11 $131,428 $ 15,116,931 $212,504 * Information not available. Assessed and Estimated Actual Value of Taxable Property (Unaudited) Last Ten Years Real Property (1) Personal Property (2) Total Assessed Estimat:?— Assessed Estimated Assessed Estimated Year Value Actual Value Value Actual Value Value Actual Value 1975 $ 264,085,012 $ 880,283,373 $ 57,577,608 $ 383,850,720 $ 321,662,620 $ 1,264,134,093 1976 $ 311,386,746 $1,037,955,820 $ 67,890,654 $ 452,604,360 $ 379,277,400 $ 1,490,560,180 1977 $ 396,640,305 $1,322,134,350 $ 86,478,215 $ 576,521,433 S 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 $ 2,82.3,576,899 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 (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. 108 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 1974 1975 610.69 1,341.42 23.480 4.00 165.320 2,144.910 1975 1976 494.15 1,176.92 25.820 3.70 151.240 1,851.830 1976 1977 415.29 1,568.20 21.130 3.48 134.850 2,142.950 1977 1978 413.80 1,380.32 18.260 3.46 134.660 1,950.500 1978 1979 413.80 920.32 16.780 3.46 134.660 1,489.020 1979 1980 423.99 978.12 17.247 3.93 144.769 1,568.056 1980 1981 439.79 908.51 17.247 4.11 147.517 1,517.174 1981 1982 460.90 883.48 17.172 4.11 154.620 1,520.280 1982 1983 461.22 866.16 17.172 4.292 151.450 1,500.290 1983 1984 490.32 880.14 17.369 4.581 161.059 1,553.469 Tax Levies 1974 1975 $1,882,949 $15,031,340 $ 7,499,288 $1,190,197 $1,447,763 $27,051,537 1975 1976 $2,343,295 $17,912,961 $ 9,802,432 $1,410,975 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 $12,622,216 $2,622,812 $2,867,436 $53,970,466 1981 1982 $3,839,640 $35,181,714 $13,252,865 S2,737,134 $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 $67,740,521 109 COUNTY OF WELD STATE OF COLORADO Special Assessment Collections (Unaudited) Last Ten Years Current Current Ratio of Total Assessments Assessments Collections Outstanding Year Due Collected To Amount Due Assessments 1981* -0- -0- --- $ 27,885 1982 $ 27,885 $ 13,531 2-1 $ 14,354 1983 $ 14,354 $ 4,098 3-1 $ 10,256 1984 $ 10,256 $ 1,282 8-1 $ 8,974 *NOTE: 1) Weld County had no special assessments from 1973-1980 2) No Current assessments are due for the Elmore Road Assessment District until 1982 110 COUNTY OF WELD STATE OF COLORADO Computation of Legal Debt Margin (Unaudited) December 31, 1984 $ 870,453,500 Assessed Value, 1983 Debt Limit 3 Percent of Assessed Value 26,113,605 Amount of Debt Applicable to Limit: Total Bonded Debt $ Installment Purchase Agreements - Total Amount of Debt Applicable to Debt Limit $ 26,1L3,605 Legal Debt Margin y incur Debt Limitation: Under Section indebtedness for Ogeneral, a s a 3 County purposes in an amount not to a exceed County a of assessed valuation of all taxable property. Tables Relating to Bonded Debt (Unaudited) December 31, 1984 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, 1983 C. Ratio of Annual Debt Service for General Bonded Debt to Total General Expenditures - Last Ten Years D. Revenue Bond Coverage - Last Ten Years 111 COUNTY OF WELD STATE OF COLORADO Demographic Statistics (Unaudited) December 31, 1984 1. Population: 1960 - 72,344 1970 - 89,297 1975 - 111,901 1980 - 123,438 1983 - 132,513 2. Estimated Median Age: 26.7 (1980 Census) 28.5 (1983) 26.7 (1984) 3. Total Personal Income For Years Available: 1970 - $ 279,766,000 1971 - $ 327,463,000 ]972 - $ 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 - $ 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. 112 COUNTY OF WELD STATE OF COLORADO Property Value, Construction, Bank Deposits and Other Economic Indicators (Unaudited) Last Ten Years 1970 1975 1980 1983 1984 Property Value - estimated actual value (millions) $ 784.3 $ 1,264.1 $ 2,948.7 $ 2,963.7 $ 3,158.7 Building Permits 1,635 1,339 1,241 2,699 2,450 Estimated Construction (millions) $ 14.1 $ 20.6 $ 23.8 $ 13.0 * Bank Deposits (millions) $ 163.7 $ 363.2 $ 524.5 $ 664.5 * Retail Sales (millions) $ 417.8 $ 878.0 $ 781.3 $ 1,023.0 $ 1,022.9 Value of Crop Production (millions) $ 64.6 $ 134.6 $ 185.0 $ 184.6 $ 284.5 Other years' data not available * Information not available. Source: Greeley Area Chamber of Commerce Survey 113 COUNTY OF WELD STATE OF COLORADO Principal Taxpayers (Unaudited) December 31, 1984 1984 Assessed Valuation Amoco Production Company $ 85,698,980 Eastman Kodak 50,625,240 Public Service Company of Colorado 25,842,600 Mountain States Telephone & Telegraph 12,029,800 Weeks Energy 10,858,910 Panhandle Eastern Pipeline Company 10,390,100 Vessels Oil & Gas Company 8,109,750 Macey & Mershon Oil Company 7,747,530 Machii-Ross Petroleum Company 6,924,250 Home Light & Power Company 6,471,000 Colorado Interstate Gas Company 6,448,400 Hewlitt-Packard 5,453,410 Neilson Enterprises 5,409,100 Tri-State General & Trans Assn 4,853,900 Wyoming Interstate Company, Ltd. 4,340,000 American Telephone & Telegraph 4,298,200 Martin Oil Service, Inc. 4,096,290 Coors Energy Company 3,579,050 Union Pacific Corporation 3,057,700 Chevron USA, Inc. 2,993,770 114 COUNTY OF WELD SPATE OF COLORADO Miscellaneous Statistics (Unaudited) December 31, 1984 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, 1984 Elected Officials - 10 Division Heads - 5 Department Heads - 8 Other Full Time Employees - 758 Part Time Employees - 217 7. Miles of Roads: Paved - 569.5 Unpaved - 2,720.9 8. Building Permits: No. of Year Permits Valuation 1974 882 $ 18,696,840 1975 1,339 $ 25,251,542 1976 1,624 $ 47,546,973 1977 1,177 $ 30,102,553 1978 1,546 $ 58,749,363 1979 1,592 $ 34,782,283 1980 1,348 $ 54,775,497 1981 1,241 $ 32,851,694 1982 1,865 $ 35,207,497 1983 2,699 $ 51,480,002 1984 2,450 $ 44,854,598 9. Motor Vehicle Registration: 1974 - 94,484 1975 - 103,818 1976 - 108,529 1977 - 122,133 1978 - 143,888 1979 - 133,437 1980 - 125,970 1981 - 129,159 1982 - 130,952 1983 - 132,458 1984 - 139,521 10. Special Districts within County: 29 - Cities and Towns 18 - Schools 22 - Fire 10 - Water 2 - Colleges 16 - Sanitation 11. Cities and Towns: Ault Gilcrest Lochbuie Eaton Greeley Mead Erie Grover Milliken Evans Hudson New Rayner Dacono Johnstown Nunn Firestone Keenesburg Pierce Frederick Keota Platteville Ft. Lupton Kersey Rosedale Garden City LaSalle Severance Brighton JT Windsor 12. Recreation: Golf Courses - 5 City and Regional Parks Island Grove Recreational Complex 115 COUNTY OF WELD STATE OF COLORADO Miscellaneous Statistics - Continued (Unaudited) December 31, 1984 13. Libraries: Greeley Library 122,608 Volumes University of No. Colo. 695,269 Volumes Weld County Library 165,982 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 Booster Town & Country News Aims College World The Mirror (UNC) North Weld Herald Farmer & Miner Keene Valley Sun Johnstown Breeze Ft. Lupton Press Platteville Herald Windsor Beacon Brighton Blade and Market Place Erie Echo Ft. Morgan Times LaSalle Leader Longmont Times Call Platte Valley Voice Radio Stations: KFKA/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, 1984: State - 3% Source: Greeley Area Chamber of Commerce/County offices. 116 COUNTY OF WELD STATE OF COLORADO Insurance In Force (Unaudited) December 31, 1984 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, Property0-0 Excess of Y. P & Ommissions, $400,000 Automobile General & Automobile Liability, Liability - Excess and Worker's $100,000 up to Compensation $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 ISL031/IC04006 1/15/83 1/15/86 Drop s down coverage ab $450,000 $ 5,500 Fireman's Fund XSP1512898 1/15/84 1/15/85 Excess Property $20,000,000/Occurrence - Excess of $500,000/ Occurrence $ 7,000 Century Indemnity Co. CIS431157 1/15/84 1/15/85 Excess General $5,000,000 X Primary Liability, Automobile Liability, Public Official Liability & Workers' Compensation $ 47,000 U.S. Fire Insurance Co. 522 0345618 1/15/84 1/15/85 Liability, Automobile $5,000,000 X $5,000,000 Automobile Liability, Public Official Liability & Workers' Compensation $ 2,000 Zurich American 10,000,000 Insurance Co. BM-31-93-524-00 1/15/83-Continue Boiler & $ $ 2,500 until cancelled Machinery Hartford Accident & Indemnity Co.83-MBO-BJ7422 1/15/84 1/15/85 Excess Crime $1 10 ,000 Excess of 00000 $ 2,000 Note: Self-insured loss fund of $325,000 maximum aggregated loss, with $100,000 maximum single occurrence. Sub-limits of $100,000 per loss on employee dishonesty and $100,000 per loss money and securities. Food stamps covered by State of Colorado, Social Services Department. 117 COUNTY OF WELD STATE OF COLORADO Salaries of Principal Officials (Unaudited) December 31, 1984 ELECTED OFFICIALS: Commissioners $ 25,750 Clerk & Recorder $ , 000 Treasurer $ 28,000 Assessor $ 28,000 Sheriff $ 30,000 District Attorney $ 45,000 APPOINTED: County Attorney $ 58,548 Director of Planning $ 31,584 Director of Finance and Administration $ 64,632 Director of Building and Grounds $ 35,736 Director of Communications $ 26,568 Director of Ambulance Services $ 39,907 County Engineer $ 42,468 Director of Social Services $ 45,732 Director of Health Department $ 74,952 Director of Library $ 31,584 Director of Human Resources $ 42,468 Director of Information Services $ 57,120 Director of Purchasing $ 30,060 Director of Personnel $ 34,860 Comptroller 38,472 Director of Emergency Management $ 20,244 Surety Bond Coverage for Principal Officials (Unaudited) December 31, 1984 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. 118 Hello