HomeMy WebLinkAbout880507.tiff RESOLUTION
RE: ACCEPT COMPREHENSIVE ANNUAL FINANCIAL REPORT OF YEAR ENDED
DECEMBER 31 , 1987
WHEREAS, the Board of County Commissioners of Weld County,
Colorado, pursuant to Colorado statute and the Weld County Home
Rule Charter, is vested with the authority of administering the
affairs of Weld County, Colorado, and
WHEREAS, the Department of Finance and Administration of Weld
County, Colorado, has prepared the Comprehensive Annual Financial
Report of the County of Weld, State of Colorado, for the year
ended December 31 , 1987, and
WHEREAS, after review, the Baord deems it adivsable and in
the best interest of Weld County to accept said Financial Report,
a copy of which is attached hereto and incorporated herein by
reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado, that the Comprehensive
Annual Financial Report for the year ended December 31 , 1987, be,
and hereby is accepted.
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 29th day of
June, A.D. , 1988 .
ATTEST: (::leczeitet.J BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
Weld County Clerk and Recorder EXCUSED
and Clerk to the /B/ooa/�/rd Gene R..�yLBrantner, Chairman
BY ( C.W. irby, P -Tem
Deputy County Clerk
EXCUSED
APPROVED AS TO FORM: Jacquek'n oh r on
{ G
-• ��.�- I ' -, -_ ,
leAca , County Attorney
Frank amaguchi
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880507
4(inni
COMPREHENSIVE
;11
ANNUAL
� !r,
FINANCIAL
REPORT
COLORADO
Year Ended December 31, 1987
COUNTY of WELD
STATE of COLORADO
COMPREHENSIVE ANNUAL FINANCIAL REPORT
COUNTY OF WELD
STATE OF COLORADO
YEAR ENDED DECEMBER 31 , 1987
Issued by:
Department of Finance
& Administration
Donald D. Warden, Director
Finance and Administration
8805' 7
COLORADO
INTRODUCTORY
SECTION
t
WI`Dc.
COLORADO
TABLE OF CONTENTS
Page
INTRODUCTORY SECTION
Table of Contents 1
Letter of Transmittal 7
Government Finance Officers' Association Certificate
of Conformance 17
Organization Chart 18
Principal County Officials 19
FINANCIAL SECTION
Auditors Report 21
GENERAL PURPOSE FINANCIAL STATEMENTS
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS 24
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE
TRUST FUNDS 26
COMBINED STATEMENT OF REVENUES AND EXPENDITURES
- BUDGET AND ACTUAL - ALL GOVERNMENTAL FUND TYPES 28
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
RETAINED EARNINGS/FUND BALANCES - ALL PROPRIETARY FUND
TYPES AND PENSION TRUST FUNDS 30
COMBINED STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL 31
COMBINED' STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS 32
NOTES TO FINANCIAL STATEMENTS 33
COMBINING INDIVIDUAL FUND AND INDIVIDUAL ACCOUNT GROUP
FINANCIAL STATEMENTS AND SCHEDULES
GENERAL FUND
BALANCE SHEET 55
Schedule of Revenues and Expenditures, Budget and Actual 56
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 61
COMBINING BALANCE SHEET 62
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES 64
1
('`�j� ,y
l I S EA'^.•
TABLE OF CONTENTS - (CONTINUED)
Page
SPECIAL REVENUE FUNDS (Continued) :
Road and Bridge Fund - Schedule of Revenues and
Expenditures, Budget and Actual 66
Social Services Fund - Schedule of Revenues and
Expenditures, Budget and Actual 68
Federal Revenue Sharing Fund - Schedule of
Revenues and Expenditures, Budget and Actual 70
Conservation Trust Fund - Schedule of Revenues
and Expenditures, Budget and Actual 71
Contingent Fund - Schedule of Revenues and
Expenditures, Budget and Actual 72
Public Health Fund - Schedule of Revenues and
Expenditures, Budget and Actual 73
Human Resources Fund - Schedule of Revenues and
Expenditures, Budget and Actual 74
Solid Waste Fund - Schedule of Revenues and
Expenditures, Budget and Actual 76
Housing Authority Fund - Schedule of Revenues
and Expenditures, Budget and Actual 77
CAPITAL PROJECTS FUND
EXPLANATIONS OF INDIVIDUAL FUNDS 79
BALANCE SHEET 80
Capital Expenditures Fund - Schedule of Revenues
and Expenditures, Budget and Actual 81
SPECIAL ASSESSMENT FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 83
COMBINING BALANCE SHEET 84
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES 86
Improvement District — Road 5 — Schedule of Revenues
and Expenditures, Budget and Actual 88
Improvement District Number 1981-2 Elmore Road
Schedule of Revenues and Expenditures, Budget and Actual 89
2 880577
TABLE OF CONTENTS - (CONTINUED)
Page
SPECIAL ASSESSMENT FUNDS (Continued) :
Antelope Hills - Schedule of Revenues and Expenditures,
Budget and Actual 90
Indian Head - Schedule of Revenues and Expenditures,
Budget and Actual 91
ENTERPRISE FUNDS
EXPLANATION OF INDIVIDUAL FUNDS 93
BALANCE SHEET 94
Schedule of Operating Revenue Compared with Estimate 95
Schedule of Non—Operating Revenue Compared with Estimate 95
Schedule of Expenditures Compared with Budget 95
Schedule of Fixed Asset Acquisition Compared with Budget 95
Schedule of Operating Transfers—In Compared with Estimate 96
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 97
COMBINING BALANCE SHEET 98
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
RETAINED EARNINGS 100
COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL 102
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION 103
Motor Vehicle Fund - Schedule of Operating
Revenues Compared with Estimate 104
Motor Vehicle Fund - Schedule of Non-operating
Revenues Compared with Estimate 014
Motor Vehicle Fund - Schedule of Operating
Expenses Compared with Budget 104
Motor Vehicle Fund - Schedule of Fixed Asset
Acquisitions Compared with Budget 104
Printing and Supply Fund - Schedule of Operating
Revenues Compared with Estimate 105
Printing and Supply Fund - Schedule of Operating
Expenses Compared with Budget 105
Printing and Supply Fund - Schedule of Fixed
Asset Acquisitions Compared with Budget 105
3
TABLE OF CONTENTS - (CONTINUED)
Page
INTERNAL SERVICE FUNDS (Continued) :
Computer Services Fund — Schedule of Operating
Revenues Compared with Estimate 106
Computer Services Fund — Schedule of Non—Operating
Revenues Compared with Estimate 106
Computer Services Fund — Schedule of Operating
Expenses Compared with Budget 106
Computer Services Fund — Schedule of Fixed Asset
Acquisition Compared with Budget 106
Computer Services Fund - Schedule of Operating
Transfers-In Compared with Estimate 106
Insurance Fund — Schedule of Operating Revenues
Compared with Estimate 107
Insurance Fund - Schedule of Non-operating
Revenues Compared with Estimate 107
Insurance Fund - Schedule of Operating Expenses
Compared with Budget 107
PBX Fund - Schedule of Operating Revenues
Compared with Estimate 108
PBX Fund - Schedule of Non-operating
Revenues Compared with Estimate 108
PBX Fund - Schedule of Operating Expenses
Compared with Budget 108
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 109
COMBINING BALANCE SHEET 110
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES -
ALL PENSION TRUST FUNDS 112
STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PENSION
TRUST FUNDS 113
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - ALL EXPENDABLE TRUST FUNDS 114
North Colorado Medical Center Trust Fund - Schedule
of Revenues Compared with Estimate 115
North Colorado Medical Center Trust Fund - Schedule
of Expenditures Compared with Budget 115
Health Insurance Fund - Schedule of Revenues Compared
with Estimate 116
Health Insurance Fund - Schedule of Expenditures
Compared with Budget 116
4
TABLE OF CONTENTS - (CONTINUED)
Page
TRUST AND AGENCY FUNDS (Continued) :
Employee Flexible Spending Fund - Schedule of Revenue 117
Employee Flexible Spending Fund - Schedule of Expenditures 117
COMBINING STATEMENT OF CHANGES IN ASSETS AND
LIABILITIES -- ALL AGENCY FUNDS 118
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCES 119
SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY 120
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION
AND ACTIVITY 121
GENERAL LONG-TERM DEBT ACCOUNT GROUP
SCHEDULE OF GENERAL LONG-TERM DEBT - BY SOURCES 123
STATISTICAL SECTION
General Governmental Expenditures by Function 126
General Revenue by Source 126
Property Tax Levies and Collections 129
Assessed and Estimated Actual Value of Taxable Property 129
Property Tax Rates and Tax Levies - All Overlapping Governments 130
Special Assessment Collections 131
Computation of Legal Debt Margin 132
Tables Relating to Bonded Debt 132
Demographic Statistics 133
Property Value, Construction, Bank Deposits and
Other Economic Indicators 134
Principal Taxpayers 135
Miscellaneous Statistics 136
Insurance In Force 138
Salaries of Principal Officials 139
Surety Bond Coverage for Principal Officials 139
Private Purpose Revenue Bonds 140
Retirement Plan Required Information 141
Computation of Overlapping Debt 142
5
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C.
COLORADO
6 ,Serif"
`Ointil I DEPARTMENT OF FINANCE AND ADMINISTRATION
PHONE(303)356-4000 EXT_4218
P.O. BOX 758
WIIDe.
GREELEY,COLORADO 80632
COLORADO
April 30, 1988
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, 1987 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 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 modifying 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 integrity 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 is 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,
1987.
Development of the new accounts receivable system was initiated in 1987 and
will be completed in 1988. The financial system now integrates the
accounting, purchasing, outstanding warrant, budget, payroll, fixed asset,
and accounts receivable systems into one overall system for financial
management. The entire system as implemented has on-line inquiry
capabilities for all departments and on-line input for accounting,
purchasing, and payroll staff. A new automated auditing system was used for
the preparation of schedules used in the annual audit and in the preparation
of the financial statements.
THE REPORTING ENTITY AND ITS SERVICES
The funds and entities related to the County of Weld that are in our
Comprehensive Annual Financial Report include those of separately
administered organizations that are controlled by or dependent on the
county. Control or dependence is determined on the basis of budget
adoption, taxing authority, funding, scope of public service, ability to
influence operation, designation of management, and appointment of the
respective governing board.
Based upon the foregoing criteria, the financial statements of the following
organizations are included in the accompanying financial statements:
Weld County Housing Authority -- The Board of County Commissioners
appoints the five member board. The majority of funding provided is
from state and federal housing grants of which the county is the
primary recipient and sponsor. The operation is reported in the
Housing Authority Fund, a Special Revenue Fund.
ffCf "'?
8ta.,.
Honorable Board of Commissioners - Continued:
Weld County Public Health Board -- The Board of County Commissioners
appoints the seven member board and the Director of Public Health.
Substantial funding is provided by the county for the operation of the
Public Health Department. The Public Health Department's operations
are reported in the Health Fund, a Special Revenue Fund.
Weld County Retirement Board -- The Retirement Board consists of five
members, four appointed by the Board of County Commissioners and the
fifth being the elected County Treasurer. The county funds half of the
retirement program which covers substantially all permanent, full-time
employees of Weld County. The operation of the plan is accounted for
in the Weld County Retirement Fund, as a Pension Trust Fund.
The following organizations are not part of Weld County and are excluded
from the accompanying financial statements:
North Colorado Medical Center -- The Board of County Commissioners
appoints a seven member Hospital Board of Trustees that in turn
appoints five of the eleven Normedco Board of Directors. Normedco is a
holding company of which the North Colorado Medical Center (NCMC) is a
non-profit subsidiary operating the operating the hospital. The county
commits minimal capital funds annually (less than 1% of the total NCMC
revenues for 1986) . The NCMC has the ability to incur its own debt and
its operations are financed totally by patient revenues.
Greeley-Weld Airport Authority -- The County Commissioners appoint two
of the five Airport Authority Board members. The county has
contributed approximately 5% of the funds for capital construction.
The Authority has full autonomy under Colorado State law, can incur
debt, and funds its operations totally from user fees.
Weld Library District -- The County Commissioners, together with the
concurrence of the city councils of seven participating municipalities,
appoint the seven member Library District Board. The Library District
Board has total autonomy under the State Library Act to incur debt,
establish budgets, and levy property taxes to support the district's
library system.
The County provides the full range of County services contemplated by
statute or charter. These include general government functions, public
protection and safety, health, social services, human resource services,
public improvements, road and bridge operations, planning and zoning, and
general administrative services.
GENERAL GOVERNMENT FUNCTIONS
Revenue for general government functions including General, Special Revenue,
Capital Projects, Special Assessment, and Expendable Trust Funds totaled
$49, 103, 114 in 1987, an increase of 5.7% over 1986.
9
Honorable Board of Commissioners - Continued:
General property taxes and specific ownership taxes produced 38.4% of
general revenue compared to 38.5% in 1986. The amount of revenue from
various sources and the increases over 1986 are shown in the following
tabulation:
Increase (Decrease)
Revenue Sources Amount Per Cent of Total for 1987
Taxes $18,846,835 38.4% $ 958,173
Licenses and Permits 613,026 1.2% 31 ,666
Intergovernmental
Revenue 20,789,309 42.3% 68,320
Charges for Services 1 , 149,717 2.3% (592,933)
Fines and Forfeits 76,465 0.2% 9,267
Miscellaneous Revenue 5,915,868 12.0% 2,140,724
Fee Accounts 1,711,894 3.6% 31 ,538
Total $49,103,114 100.0% $ 2,646,755
The mill levy for property taxes collected in 1987 is 19.860, up .518 from
1986. The assessed valuation of $906,609,900 shows an increase of
$20,045,650 or 2.26%. The increase in assessed value is principally
attributable to reappraisal of property. Only $7,129,680 of the increase
in assessed valuations is attributable to new construction. As described in
the Prospects for the Future Section of this letter, oil and gas valuations
are expected to stabilize without growth in future years.
Current tax collections were 98.6% of the tax levy, down 0.6% from 1986.
Delinquent tax collections were $296,802 compared with $84,065 in 1986.
Allocations of property tax by purpose for 1987 and the preceding year are
shown as follows:
6rberval
10
Honorable Board of Commissioners - Continued:
1987 1986
Purpose Mills Mills
General Fund 11.714 11.466
Special Revenue Funds 7.296 6.342
Capital Project Funds . 286 .629
Expendable Trust Funds 0.000 .329
Intergovernmental Service Funds .564 .576
Total Tax Rate 19.860 19.342
Intergovernmental Revenue represented 42.3% of total general governmental
revenue, compared with 44.6% for 1986.
Expenditures for general governmental purposes including General, Special
Revenue, Capital Projects, Special Assessment, and Expendable Trust Funds
total $49, 127,728, an increase of 9.8% over 1986. Increases in levels of
expenditures for major functions of the County over 1986 are shown in the
following tabulation:
Per Cent Increase ( Decrease)
Expenditure Purpose Amount of Total for 1986
Current Operating:
General Government $ 6,819,165 13. 9% $ 293,572
Public Safety 6,924,599 14.1% (571,533)
Public Works 9,876,346 20. 1% 1,370,607
Public Health &
Welfare 14,789,034 30.2% 128,532
Culture & Recreation 244,171 0.5% (21, 181)
Conservation of
Natural Resources -0- 0.0% (6,025)
Economic Assistance 4,491 ,411 9. 1% 437,928
Capital Outlay 1,637,272 3.3% 561 ,892
Debt Service 200,263 0.4% (52,490)
Inteagovernmental
Expenditures 594,982 1.2% 106,863
Miscellaneous 3,550,550 7.2% 2,148,704
Total $49,127,728 100.0% $4,396,804
! C.r3n,^-y 11
Honorable Board of Commissioners - Continued:
In 1987 Weld County, like many local governments across the nation, has
found it more difficult to make financial ends meet. Balancing the annual
budget continued to be an arduous task, as resources fail to keep pace
witthe public's increasing expectations. In 1987 Weld County had to cope with:
. The reduction and termination of several federal and state grant
programs
. State service mandates without adequate new funding
. Rapid demographic, economic, and technological change
. Intrusive and paralyzing legislative prescriptionsin respect to
organization, administration, procedures and finance
. Deteriorating physical infrastructure
. The increasing number of persons unable to "make it" on their own
without benefit of human services
. The complex initiatives required to foster area economic development
and to improve quality of life
. The relentless demand of citizens for services without higher taxes.
. A weak local economy
The local economy in 1987 continued to be plagued by the poor agricultural
economy and the economy was adversely impacted by the drop in oil and gas
prices. As a result, unemployment locally was higher than the state and
national averages. Factors positively impacting Weld County in 1987 were low infation rates, eclining petroleum ilding related lrevenu s, and increased fees from el t
ectedofficials'u activity
offices.
Unreserved fund balance and retained earnings in the major operating funds
were maintained at adequate levels. The General Fund fund balance of
Spe0cia0l9Rewas dwn venueoFundslwas9 from up from last year. The the previous year3by41 balance in the
6.8%.
DEBT ADMINISTRATION
In 1987 the County continued to have no bonded indebtedness. With the
passage of HB 1579 in 1981, Section 30-35-201, C.R.S. , 1973 now allows the
debt ceiling to be 3% of the assessed valuation of the County. Thus, Weld
County maintains over a twenty-seven million dollar allowable debt capacity
in accordance with Colorado State Statutes. There is a lease/purchase
agreement which involves two phone systems totalling $190,481 and a
Certificate of Participation Bond Issue for the construction of a library
and classrooms in Southern Weld County totalling $317,000. qnp T "^J
12
Honorable Board of Commissioners - Continued:
CASH MANAGEMENT
Cash temporarily idle during the year was invested in time deposits ranging
up to 180 days to maturity. Interest earned on investments of cash held by
the County Treasurer was recorded as revenue in the General Fund, with the
exception of interest attributed to the 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 ,409,175 in 1987.
CAPITAL PROJECT FUNDS
The Capital Expenditure Fund was established to account for all capital
projects for general county use. At the end of each fiscal year, the
completed project items are transferred to the General Fixed Asset account
group. The County has developed a five year Capital Improvements Program
outlining projected costs and probable sources of funding for various
capital improvement projects. Major projects in that plan pending at the
end of 1987 include the construction of a new Human Resources building and
other North site development.
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, 1987, the General Fixed
Assets of the County amounted to $24,294,708. 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 slow Weld County economy will limit new revenue growth in 1988. The
slow economy will affect interest revenues and the collection of the many
user fees that the County relies on to fund programs. The local economic
conditions with unemployment in the 7% range causes higher utilization of
the County's human service agencies.
While we applaud efforts to reduce the national deficit, it is important to
realize that reducing the deficit will affect Weld County. Federal grant
reductions and spending caps for County programs impact in social services,
health, and criminal justice. The County must make sure it carefully
evaluates which federally sponsored programs it wishes to continue if
federal assistance to these programs is reduced or eliminated. If we
continue to fund these programs, we must operate them as efficiently as
possible.
13
C r^,- J
Honorable Board of Commissioners - Continued:
During the 1987 legislative session, the State Legislature passed
legislation that will reduce the amount of revenue the County will receive
in future years in a number of areas. The loss of $617,000 from the Highway
Users' Tax Fund was by far the most significant. It is important to take
note of the fact that while the State continues to place demands on the
County, the legislature continues to limit the funds the County receives to
operate. This dilemma must be corrected. High on the list of County
priorities should be to insure that the State of Colorado meets its
financial obligations to the County. While one must realize that the State
has revenue limitations of its own, the legislature's priority must be to
pay the State's bills as mandated by law or allow the County to reduce the
services it provides in the name of the State. Examples are housing of
state prisoners in the County jail without payment, foster care program
expansion, dust abatement requirements, and unfortunately the list could go
on longer.
Although Weld County experienced the beginning of these negative changes in
the economic pattern during the 1985-86 period, the economic trend took a
positive upturn in 1987 in other areas of the economy that continues today.
Developments in 1987 set the stage for a strong industrial/commercial growth
market in 1988. Over 1 ,500 new jobs and $155 million in industrial and
commercial developments were announced during the year. Among the larger
developments announced were: 1) Construction of a $75-$100 million combined
carbon dioxide, high temperature water distribution, and co-generation
facility in Ft. Lupton by Thermo Carbonics, Inc. They will employ 250-300
during the 2-year construction phase, and 50-75 permanent employees
thereafter; 2) The $1.6 million, 20,000 sq. ft. office building Monfort of
Colorado (ConAgra) constructed to house Swift personnel recently merged with
Monfort. This merger added 60-75 local jobs; 3) The new StarPak, Inc.
packaging/distribution and software manufacturing operation which is
projected to employ 450 over the next two years; 4) A new $1.6 million
manufacturing facility for Electronic Fab Technology Corp. which could add
80-100 jobs; 5) The aluminum can manufacturing operation by Metal
Container Co. in Windsor, adding approximately 100 jobs; and 6) A new $5.0
million lamb packing plant to bebuilt by ConAgra that will employee 150-200
people.
The success Weld County has experienced in part, is due to a variety of
factors, a few of which include:
- A stable and diversified economy. In 1986, Weld County ranked 4th
nationally in the value of its agricultural products, 1st in the seven
Rocky Mountain states in oil and gas exploration activity, and 3rd in
Colorado in the value of its manufactured products (slightly over $1
billion) .
- Weld County has experienced continued, steady population growth
realizing a real compounded annual growth rate of approximately 2.3%.
14
Honorable Board of Commissioners - Continued:
- County and city governments are aggressively pro-business, offering
planned industrial properties and attractive incentive programs.
- Weld County's labor force is well trained and our employees represent a
solid Midwestern work ethic.
- An excellent transportation system provides easy access to national and
growing regional markets. Two interstate highways (I-25 and I-76) , and
two U.S. highways (U.S. 34 and U.S. 85) serve the county, and two
additional interstate highways border Weld County (I-70 and I-80) .
Fourteen motor freight firms and three railroads provide freight
service. Commercial air service is provided by 18 carriers operating
from Stapleton Airport to 186 cities and 9 countries; the airport is an
hour's drive from the county's population centers.
- Weld County will be only 15 miles from the site of the new Denver
airport, and can expect some positive economic spin-off from it.
The above good news is important because the oil and gas industry is a
significant part of our economy. The performance of the oil and gas
industry is a major concern for Weld County and demonstrates the need for
economic diversification. Lower oil and gas prices are a mixed blessing for
Weld County. Fuel and petroleum product costs are anticipated to be down in
1988 providing savings to our road program and heavy vehicle user
departments. However, revenue sources from royalties and tax assessments
will also be down. substantially.
Current Niobrara-Codell formation oil production amounts to approximately
54% of the County's production. The production from these zones has peaked
and is beginning to decline due to the slowdown in drilling activity. The
County decline is currently being affected by the Sooner and Lilly Field
discoveries. Current Niobrara-Codell gas overproduction has resulted in
higher line pressure resulting in older wells being shut-in. The degree of
impact is presently not known but will most likely result in a drilling
slowdown. Future production projections from the State Oil and Gas
Commission for Weld County are as follows:
1988 1989 1990 1991 1992
OIL
(BBLS) 6,125,000 6,880,000 6,682,000 6,623,000 6,570,000
GAS
(MCF) 65,900,000 69,350,000 71,540,000 71 ,900,000 72,000,000
15
Honorable Board of Commissioners - Continued:
1987 is a new base year with property tax assessments moving from 1977
values to 1983 values. The new base year, coupled with the decline in oil
and gas assessed values caused dramatic property tax shifts among classes of
property. With the public's sensitivity to property taxes already, the
result has been an adverse taxpayers' reaction locally and statewide. The
possibility of four constitutional ballot issues dealing with property taxes
on the November, 1988 election exists. Such a taxpayers revolt could
further aggravate state and local governments' budgets.
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
auditors report has been included in this report.
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
1987 financial transactions under our control and that the following
statements present an accurate, informative record of the financial
activities of the County of Weld and its financial condition at December 31,
1987. The preparation of this report could not be accomplished without the
efficient and dedicated services of the entire staff of the
Accounting/Finance Department. I should like to express my appreciation to
all members of the department who assisted and contributed to its
preparation. I should also like to thank the members of the Board of County
Commissioners for their interest and support in planning and conducting
financial operations of the County in a responsible and progressive manner.
ReCectfully submitted,
dill4 ititilk—'
Donald D. Warden, Director
Finance and Administration
DDW/ch
16
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
County of
Weld , Colorado
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1986
A Certificate of Achievement for Excellence 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.
we ATo74R5�N President
tileftleA coRrottnos
///�
'O�\lea UJr//{ /V/ 'ridge
twat
Executive Director
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18 oOc� d . — — — — -8805'27
COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31, 1987
Board of County Commissioners
Gordon E. Lacy
Gene Brantner
Jacqueline Johnson
C. W. Kirby
Frank Yamaguchi
County Treasurer
Francis M. Loustalet
County Clerk and Recorder
Mary Ann Feuerstein
County Assessor
Dick Kiernes
County Sheriff
Ed Jordan
County Coroner
Paul Stoddard
Director of Finance and Administration
Donald D. Warden
Comptroller
Claud Hanes
Independent Auditor
Deloitte Haskins and Sells
Certified Public Accountants
19
88C 5 re7
tana
Wilk
COLORADO
20
FINANCIAL
SECTION
4tiff :r
WII'Dc.
COLORADO
Deloi tte
Haskins+Sells
1560 Broadway, Suite 1800
One Civic Center Plaza
Denver, Colorado 80202-5151
(303) 837-3000
ITT Telex: 4995604
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have examined the general purpose financial statements of the County of
Weld, Colorado as of and for the year ended December 31 , 1987 as listed in
the table of contents. Our examination was made in accordance with
generally accepted auditing standards and, accordingly, included such tests
of the accounting records and such other auditing procedures as we
considered necessary in the circumstances.
In our opinion, the general purpose financial statements referred to above
present fairly the financial position of the County of Weld, Colorado at
December 31 , 1987, and the results of its operations and the changes in
financial position of its proprietary fund types and pension trust fund for
the year then ended, in conformity with generally accepted accounting
principles applied on a basis consistent with that of the preceding year.
Our examination was made for the purpose of forming an opinion on the
general purpose financial statements taken as a whole. The combining
individual fund and individual account group financial statements and
schedules listed in the table of contents are presented for purposes of
additional analysis and are not a required part of the general purpose
financial statements of the County of Weld, Colorado. Such information has
been subjected to the auditing procedures applied in the examination of the
general purpose financial statements and, in our opinion, is fairly stated
in all material respects when considered in relation to the general purpose
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.
DELOITTE HASKINS AND SELLS
Denver, Colorado
May 20, 1988
21
,,CFAC "
A ;T
COLORADO
22
GENERAL PURPOSE
FINANCIAL
STATEMENTS
COLORADO
COUNTY OF WELD
STATE OF COLORADO
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1987
Governmental Fund Types
Special Capital Special
General Revenue Projects Assessment
ASSETS
ASSETS:
Cash and short term investments $ 3,373,743 $ 5,013,514 $ 1,514,833 $ 53,754
Cash - other 28,125 940,152 3,925 0
Investments 0 0 0 0
Receivables (net of allowance
for uncollectibles):
Current property tax 11,247,635 6,614,857 532,000 0
Delinquent property tax 182,377 107,662 5,255 0
Accounts 171,904 284,075 1,030 0
Special assessments 0 0 0 902,271
Due from other county funds 142,229 188,170 80 8,749
Due from other governmental units 220,519 1,990,944 0 0
Advances to other funds 107,271 75,000 0 0
Inventories 31,339 740,778 0 0
Amount to be provided for retirement
of general long-term debt 0 0 0 0
Prepaid and other assets 46,232 59,787 0 0
Land 0 0 0 0
Buildings 0 0 0 0
Improvements other than buildings 0 0 0 0
Machinery and equipment 0 0 0 0
Accumulated depreciation 0 0 0 0
TOTAL ASSETS $ 15,551,374 $ 16,014,939 $ 2,057,123 $ 964,774
LIABILITIES AND FUND BALANCE
LIABILITIES:
Voucher and warrants payable $ 153,084 $ 427,704 $ 60,397 $ 0
Accrued liabilities 580,658 439,681 1,675 0
Due to other governments 15,075 1,474,278 0 0
Due to other county funds 376,480 579,697 80 8,749
Deferred revenue 11,407,008 6,809,591 537,255 823,850
Unexpended grant revenue 100,391 1,261,659 0 0
Other liabilities 0 69,936 0 0
Advance from other funds 0 0 0 102,271
Retainage payable 0 0 72,014 0
Bonds payable 1,905,000 0 0 700,000
General long term debt 0 0 0 0
Deferred compensation payable 0 0 0 0
Total Liabilities $ 14,537,696 $ 11a6 $ 671,421 $ 1,634,870
FUND EQUITY:
Contributed capital $ 0 $ 0 $ 0 $ 0
Retained earnings 0 0 0 0
Investment in fixed assets 0 0 0 0
Fund Balances:
Reserved 213,169 1,406,862 144,351 0
Unreserved:
Designated for subsequent
year's expenditures 190,108 1,115,348 1,241,351 0
Undesignated 610,401 2,430,183 0 (670,096)
Total Fund Equity (deficit) S 1,013,678 $ 4,952,393 $ 1,385,702 $ (670,096)
TOTAL LIABILITIES AND FUND EQUITY $ 15,551,374 $ 16,014,939 $ 2,057,123 $ 964,774
See Notes to Financial Statements
COLORADO
Proprietary Fiduciary
Fund Type Fund Type Account Groups Memorandum Total
Enterprise Internal Trust and General General December 31 December 31
Fund Service Agency Fixed Assets Long Term Debt 1987 1986
$ 67,904 $ 1,457,062 $ 7,399,752 $ 0 $ 0 $ 18,880,562 $ 18,774,571
O 7,500 127,395 0 0 1,107,097 65,131
0 0 20,532,162 0 0 20,532,162 20,314,295
O 511,095 0 0 0 18,905,587 18,005,321
O 8,954 1,965 0 0 306,213 404,559
208,713 55,239 264,448 0 0 985,409 856,411
O 0 0 0 0 902,271 1,006,758
90,415 595,562 4,898 0 0 1,030,103 676,621
O 0 0 0 0 2,211,463 2,269,202
O 0 0 0 0 182,271 186,758
O 147,591 0 0 0 919,708 1,044,913
0 0 0 0 1,532,630 1,532,630 1,254,028
0 203,305 58,770 0 0 368,094 298,405
0 712,970 0 2,095,212 0 2,808,182 2,283,332
0 750,220 0 18,428,653 0 19,178,873 19,435,227
0 19,345 0 230,920 0 250,265 237,356
31,717 11,750,493 0 3,539,923 0 15,322,133 14,197,521
(6,476) (7,001,654) 0 0 0 (7,008,130) (6,307,340)
$ 392,273 1.21,22_,___.7682 $ 28,389,390 $ 24,294,708 $ 1,532,630 $ 98,414,893 $ 95,003,069
$ 6,999 S 778,024 $ 738,156 $ 0 S 0 $ 2,164,364 $ 1,560,181
66,856 160,294 0 0 0 1,249,164 1,111,335
O 0 3,143,978 0 0 4,633,331 4,792,509
39,904 16,491 8,702 0 0 1,030,103 676,619
O 550,030 1,965 0 0 20,129,699 19,440,361
0 0 -0 0 0 1,362,050 1,283,881
0 0 0 0 0 69,936 70,536
0 80,000 0 0 0 182,271 186,758
O 0 0 0 0 72,014 25,440
O 0 0 0 317,000 2,922,000 2,250,000
0 0 0 0 1,215,630 1,215,630 1,254,028
O 0 663,105 0 0 663,105 509,526
$ 113,759 $ 1,584,839 $ 4,555,906 $ 0 $ 1,532,630 $ 35,693,667 $ 33,161,174
$ 19,762 $ 5,784,501 $ 0 $ 0 $ 0 $ 5,804,263 $ 5,712,895
258,752 1,848,342 0 0 0 2,107,094 1,865,122
O 0 0 24,294,708 0 24,294,708 23,593,310
O 0 20,121,067 0 0 21,885,449 22,967,874
0 0 0 0 0 2,547,292 1,421,987
0 0 3,712,417 0 0 6,082,420 6,280,707
1-171221i. $ 7,632,843 $ 23,833,484 $ 21S-1. 70$ $ 0 $ 62,721,226 $ 61,841,895
$ 392,273 $ 9,217,682 $ 28,389,340 $ 24,294,708 $ 1,532,630 $ 98,414,893 $ 95,003,069
25
esos y
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, 1987
Governmental Fund Types
Special Capital Special
General Revenue Projects Assessment
REVENUES:
Taxes $ 10,793,324 $ 7,770,984 $ 280,150 $ 0
Licenses and permits 382,707 230,319 0
Intergovernmental revenue 879,166 19,910,143 0 0
Charges for services 451,484 692,078 6,155 0
Fines and forfeitures 76,465 0 0 0
Miscellaneous revenue 1,056,616 173,156 2,027,000 199,907
Fee accounts 1,711,894 0 0 0
Earnings on investments 1,052,991 0 1,030 0
Total Revenues 16,404,647 28,776,680 2,314,335 199,907
EXPENDITURES:
Current Operating: 0 $ 0
General government $ 6,819,165 $ 0 $
Public safety 6,924,599 0 0 0
Public works 522,724 9,353,622 0 0
Public health and welfare 124,536 14,664,498 0 0
Miscellaneous 273,702 138,837 17,298 0
Culture and recreation 95,710 148,461 0 0
Conservation of natural resources 0 0 0 0
Economic assistance 0 4,491,346 0 0
Capital outlay 348,145 246,166 1,034,212 8,749
Debt service 126,088 0 1,675 72,500
Intragovernmental 0 594,982 0 0
Total Expenditures 15,234,669 29,637,912 1,053,185 81,249
EXCESS OF REVENUES OVER (UNDER)
EXPENDITURES 1,169,978 (861,232) 1,261,150 118,658
OTHER FINANCING SOURCES (USES):
Operating transfers - in $ 108,393 $ 2,129,550 $ 0 $ 1,693
Operating transfers - out (1,285,193) (1,164,481) 0 0
Total Other Financing Sources (Uses) (1,176:800) 965,069 0 1,693
EXCESS OF REVENUES AND OTHER SOURCES OVER
(UNDER) EXPENDITURES AND OTHER USES (6,822) 103,837 1,261,150 120,351
FUND BALANCE (DEFICIT) AT BEGINNING
OF YEAR 1,149,280 4,848,556 124,552 (790,447)
Equity Transfers to Other Funds (128,780) 0 0 0
FUND BALANCE (DEFICIT) AT END OF YEAR $ 1,013,678 $ 4,952,393 $ 1,385,702 $ (670,096)
See Notes to Financial Statements
SSCEW7
26
Fiduciary
Fund Types Memorandum Total
Expendable December 31 December 31
Trust 1987 1986
$ 2,377 $ 18,846,835 $ 17,888,662
O 613,026 581,360
O 20,789,309 20,720,989
O 1,149,717 1,742,650
O 76,465 67,198
1,050,014 4,506,693 2,231,622
O 1,711,894 1,680,356
355,154 1,409,175 1,543,522
1,407,545 49,103,114 46,456,359
$ 0 $ 6,819,165 $ 6,516,851
0 6,924,599 7,272,935
O 9,876,346 8,505,739
O 14,789,034 14,660,502
3,120,713 3,550,550 1,401,846
O 244,171 265,352
O 0 6,025
0 4,491,346 3,962,816
0 1,637,272 1,397,988
O 200,263 252,753
O 594,982 488,119
3,120,713 49,127,728 44,730,926
(1,713,168) (24,614) 1,725,433
$ 0 $ 2,239,636 $ 3,347,991
0 (2,449,674) (3,351,695)
0 (210,038) (3,704)
(1,713,168) (234,652) 1,721,729
5,217,620 10,549,561 8,827,832
O (128,780) 0
$ 3,504,452 $ 10,186,129 $ 10,549,561
27
e8Ov^,7
COUNTY OF WELD
SPATE OF COLORADO
COMBINED STATEMENT OF REVENUES AND EXPENDITURES
BUDGET AND ACTUAL - ALL GOVERNMENTAL FUND TYPES
December 31, 1987
General Special Revenue
Variance Variance
Estimate/ Favorable Estimate/ Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVENUES:
Taxes $ 10,710,080 $ 10,793,324 $ 83,244 $ 7,994,029 $ 7,770,984 S (223,045)
Licenses and permits 395,005 382,707 (12,298) 100,750 230,319 129,569
Intergovernmental 814,325 879,166 64,841 21,631,736 19,910,143 (1,721,593)
Charges for services 454,764 451,484 (3,280) 233,725 692,078 458,353
Fines and forfeitures 28,645 76,465 47,820 0 0 0
Miscellaneous 928,306 1,056,616 128,310 1,600 173,156 171,556
Fee accounts 1,731,843 1,711,894 (19,949) 0 0 0
Earnings on investments 1,202,270 1,052,991 (149,279) 0 0 0
Total Revenues 16,265,238 16,404,647 139,409 29,961,840 28,776,680 (1,185,160)
EXPENDITURES:
Current Operating:
General government S 7,023,669 $ 6,819,165 $ 204,504 $ 0 $ 0 $ 0
Public safety 7,158,485 6,924,599 233,886 0 0 0
Public works 546,138 522,724 23,414 10,735,112 9,353,622 1,381,490
Public health and welfare 124,536 124,536 0 15,368,729 14,664,498 704,231
Miscellaneous 373,173 273,702 99,471 242,911 138,837 104,074
Culture and recreation 32,005 95,710 (63,705) 182,301 148,461 33,840
Economic assistance 0 0 0 4,972,196 4,491,346 480,850
Capital outlay 389,449 348,145 41,304 17,250 246,166 (228,916)
Debt service 126,089 126,088 1 0 0 0
Intragovernmental 0 0 0 607,525 594,982 12,543
Total Expenditures 15,773,544 15,234,669 538,875 32,126,024 29,637,912 2,488,112
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 491,694 1,169,978 678,284 (2,164,184) (861,232) 1,302,952
OTHER FINANCING SOURCES (USES):
Operating transfers - in $ 108,192 $ 108,393 $ 201 $ 717,240 $ 2,129,550 $ 1,412,310
Operating transfers - out (1,196,127) (1,285,193) (89,066) (1,036,113) (1,164,481) (128,368)
Total Other Financing
Sources (Uses) (1,087,935) (1,176,800) (88,865) (318,873) 965,069 1,283,942
EXCESS OF REVENUE AND OTHER
SOURCES OVER (UNDER)
EXPENDITURES AND OTHER USES $ (596,241) $ (6,822) $ 589,419 $ (2,483,057) $ 103,837 $ 2,586,894
See Notes to Financial Statements
28 58051.1
Capital Projects Special Assessments Memorandum Totals
Variance Variance Variance
Estimate/ Favorable Estimate/ Favorable Estimate/ Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ 277,491 $ 280,150 $ 2,659 $ 0 $ 0 $ 0 $18,981,600 $18,844,458 $ (137,142)
0 0 0 0 0 0 495,755 613,026 117,271
O 0 0 0 0 0 22,446,061 20,789,309 (1,656,752)
0 6,155 6,155 0 0 0 688,489 1,149,717 461,228
0 0 0 0 0 0 28,645 76,465 47,820
2,009,500 2,027,000 17,500 206,369 199,907 (6,462) 3,145,775 3,456,679 310,904
O 0 0 0 0 0 1,731,843 1,711,894 (19,949)
O 1,030 1,030 0 0 0 1,202,270 1,054,021 (148,249)
2,286,991 2,314,335 27,344 206,369 199,907 (6,462) 48,720,438 47,695,569 (1,024,869)
$ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7,023,669 $ 6,819,165 $ 204,504
0 0 0 0 0 0 7,158,485 6,924,599 233,886
O 0 0 0 0 0 11,281,250 9,876,346 1,404,904
0 0 0 0 0 0 15,493,265 14,789,034 704,231
O 17,298 (17,298) 0 0 0 616,084 429,837 186,247
O 0 0 0 0 0 214,306 244,171 (29,865)
O 0 0 0 0 0 4,972,196 4,491,346 480,850
1,294,879 1,034,212 260,667 8,750 8,749 1 1,710,328 1,637,272 73,056
O 1,675 (1,675) 184,750 72,500 112,250 310,839 200,263 110,576
O 0 0 0 0 0 607,525 594,982 12,543
1,294,879 _12.2...2A2.11 -21..W.212 193,500 81,249 112,251 49,387,947 46,007,015 3,380,932
992,112 1,261,150 269,038 12,869 118,658 105,789 (667,509) 1,688,554 2,356,063
$ 0 $ 0 $ 0 $ 1,694 $ 1,693 $ (1) $ 827,126 $ 2,239,636 $ 1,412,510
0 0 0 0 0 0 (2,232,240) (2,449,674) (217,434)
0 0 0 1,694 1,693 (1) (1,405,114) 03(210, 8) 1,195,076$ 992,112 u,261,150 $ 269,038 $ 14,563 $ 120,351 $ 105,788 $(2,072,623) $ 1,478,516 L1,211.2111
29
S h r,ra•7
COUNTY OF WELD
STATE 011 COLORADO
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS/
FUND BALANCES - ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS
December 31, 1987
Proprietary Fiduciary
Fund Type Fund Type Memorandum Total
Enterprise Internal Pension December 31 December 31
Fund Service Trust 1987 1986
OPERATING REVENUE:
Change in unrealized
appreciation(depreciation)
in fair market value
of investments $ 0 $ 0 S (2,369,532) $ (2,369,532) $ (507,173)
Contributions 0 0 1,675,355 1,675,355 1,487,861
Charges for services 1,192,479 5,087,987 0 6,280,466 4,588,229
Total Operating Revenue 1,192,479 5,087,987 (694,177) 5,586,289 5,568,917
OPERATING EXPENSES:
Personnel services $ 675,916 $ 1,349,791 $ 0 $ 2,025,707 $ 1,319,135
Contractual services 36,592 1,629,259 0 1,665,851 1,451,478
Supplies 31,830 409,080 0 440,910 340,802
Heat, light, and power 6,885 229,945 0 236,830 238,610
Repair and maintenance 88,629 243,474 0 332,103 224,723
Insurance and bonds 15,000 478,669 0 493,669 372,345
Claims 0 285,647 0 285,647 132,136
Other expenses 313,477 10,708 0 324,185 35,391
Benefit Payments 0 0 602,568 602,568 464,517
Refunds 0 0 230,810 230,810 246,809
Administrative 0 0 108,459 108,459 116,852
Depreciation 6,928 1,273,850 0 1,280,778 1,245,277
Total Operating Expenses 1,175,257 5,910,423 941,837 8,027,517 6,188,075
OPERATING INCOME (LOSS) 17,222 (822,436) (1,636,014) (2,441,228) (619,158)
NON-OPERATING REVENUE (EXPENSE):
Taxes $ 0 $ 548,693 $ 0 $ 548,693 $ 546,921
Miscellaneous revenue 2,712 108 0 2,820 0
Farm income 0 1,803 0 1,803 2,807
Gaini (loss) on sale of
assets 0 89,807 0 89,807 11,329
Earnings on investments 0 22,320 1,844,039 1,866,359 3,143,580
Interest expense 0 (17,303) 0 (17,303) (20,094)
Judgements and damages 0 60,228 0 60,228 30,492
Total Non-Operating
Revenue (Expense) 2,712 705,656 1,844,039 2,552,407 3,715,035
OTHER FINANCING SOURCES:
Operating transfers - in $ 110,038 $ 100,000 $ 0 L___219.2221 .1_1222_4
NET INCOME (LOSS) 129,972 (16,780) 208,025 321,217 3,099,581
RETAINED EARNINGS/FUND
BALANCE AT BEGINNING
OF YEAR 0 1,865,122 20,121,007 21,986,129 18,886,548
Equity Transfer From Other
Funds 128,780 0 0 128,780 0
RETAINED EARNINGS/FUND
BALANCE AT END OF YEAR $ 258,752 $ 1,848,342 $ 20,329,0l% $ 22,436,126 $ 21,986,129
See Notes to Financial Statements
8O5 Y
30
COUNTY OF WELD
STATE OF COLORADO
PROPRIETARY FUNDS
COMBINED STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL
December 31, 1987
Internal
Service Enterprise
Funds Fund Total
CONTRIBUTED CAPITAL 0 $ 5,712,895
January 1, 1987 $ 5,712,895 $
Add:
1987 contributions from other funds 71,606 19,762 91,368
CONTRIBUTED CAPITAL,
December 31, 1987 §-5-11.81s--. 501 $ 19,762 $ 5,804,263
31
r^n.-7
COUNTY OF WELD
sTATE OF COLORADO
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION -
An Pff0 k1ERAV FUND 'TYPES AND PER§IaR TRVf5 Fink
December 31, 1987
Fiduciary Memorandum
Proprietary Fund Type Fund Type Total
Internal Enterprise Pension December 31 December 31
Service Fund Trust 1987 1986
WORKING CAPITAL PROVIDED:
Net Income (loss) $ (16,780) $ 129,972 $ 208,025 S 321,217 $ 3,099,581
Items which did not require
outlay of working capital:
Depreciation 1,273,850 6,928 0 1,280,326 1,245,277
(Gain) on sale of fixed
assets (89,807) (452) 0 27,027 (11,329)
Working capital provided
by operations 1,167,263 136,448 208,025 1,628,570 4,333,529
Contributions from Other
Funds 71,606 19,762 0 91,368 102,634
Residual equity transfers 0 128,780 0 128,780 0
Proceeds from sale of
assets 174,275 0 0 57,441 236,238
Total Working Capital
Provided 1,413,144 284,990 208,025 1,906,159 4,672,401
WORKING CAPITAL APPLIED:
Acquisition of fixed
assets 1,336,904 31,717 0 1,368,621 1,110,907
Total Working Capital
Applied 1,336,904 31,717 0 1,368,621 1,110,907
INCREASE IN WORKING CAPITAL $ 76,240 L._22.11.71 $ 208,025 $ 537,538 Law.
CHANGES IN COMPONENTS OF
WORKING CAPITAL:
Increase (decrease) in
current assets:
Cash and short term investments $ 10,331 $ 67,904 $ 17,189 $ 95,424 $ 533,180
Cash - Other 0 0 120,399 120,399 (26,737)
Investments 0 0 64,288 64,288 3,230,880
Receivables:
Accounts (1,317) 208,713 (7,003) 200,393 88,923
Property taxes
(delinquent) (3,451) 0 0 (3,451) 3,234
Due from other county
funds 202,233 90,415 0 292,648 (438,034)
Inventories (27,318) 0 0 (28,318) (60,957)
Prepaid and other assets 3,708 0 17,863 21,571 202,702
Net Increase in
Current Assets 184,186 367,032 212,736 763,954 3,533,191
(Increase) decrease in
current liabilities:
Accounts payable (132,704) (6,999) (3,571) (143,274) 72,375
Accrued liabilities 9,497 (66,856) 0 (57,359) (15,889)
Due to other county funds 21,791 (39,904) (1,140) (19,253) (4,949)
Deferred revenue (6,530) 0 0 (6,530) (23,234)
Net (Increase)
Decrease in Current
liabilities (107,946) (113,759) (4,711) (226,416) 28,303
INCREASE IN WORKING CAPITAL ..Q___112.2.L:0 $ 253,273 $ 208,025 $ 537,538 $ 3,561,494
32 88051\7
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31 , 1987
Note 1 - Summary of Significant Accounting Policies:
The County of Weld was established in 1861 , and on January 1 , 1976
became a home rule county under the provisions of Section
30-35-501 , CRS, 1973. The county operates under an elected
commissioner form of government. The county provides the full
range of services contemplated by statute or charter. These
include general government functions, public protection and
safety, health, social services, human resource services, public
improvements, road and bridge operations, planning and zoning, and
general administrative services.
The financial statements of Weld County include those of
separately administered organizations that are controlled by or
dependent on the County. Control or dependence is determined on
the basis of budget adoption, taxing authority, funding, scope of
public service, ability to influence operation, designation of
management, and appointment of the respective governing board.
Based upon the foregoing criteria, the financial statements of the
following organizations are included in the accompanying financial
statements:
Weld County Housing Authority -- The Board of County
Commissioners appoints the five member board. The majority
of funding provided is from state and federal housing grants
of which the County is the primary recipient and sponsor.
The operation is reported in the Housing Authority Fund, a
Special Revenue Fund.
Weld County Public Health Board -- The Board of County
Commissioners appoints the seven member board and the
Director of Public Health. Substantial funding is provided
by the County for the operation of the Public Health
Department. The Public Health Department' s operations are
reported in the Health Fund, a Special Revenue Fund.
Weld County Retirement Board -- The Retirement Board
consists of five members , four appointed by the Board of
County Commissioners and the fifth being the elected County
Treasurer. The County funds half of the retirement program
which covers substantially all permanent, full-time employees
of Weld County. The operation of the plan is accounted for
in the Weld County Retirement Fund, as a Pension Trust Fund.
33
EFICE, '7
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1987
The following organizations are not part of Weld County and are
excluded from the accompanying financial statements:
North Colorado Medical Center -- The Board of County
Commissioners appoints a seven member Hospital Board of
Trustees that in turn appoints five of the eleven Normedco
Board of Directors. Normedco being a holding company of
which the North Colorado Medical Center (NCMC) is a
non-profit subsidiary operating the hospital. The county
commits minimal capital funds annually (less than 1% of the
total NCMC revenues for 1987) . The NCMC has the ability to
incur its own debt and its operations are financed totally by
patient revenues.
Greeley-Weld Airport Authority -- The County Commissioners
appoint two of the five Airport Authority Board members. The
county has contributed approximately 5% of the funds for
capital construction. The Authority has full autonomy under
Colorado State law, can incur debt, and funds its operations
totally from user fees.
Weld Library District -- The County Commissioners, together
with the concurrence of the city councils of seven
participating municipalities, appoints the seven member
Library District Board. The Library District Board has total
autonomy under the State Library Act to incur debt, establish
budgets, and levy property taxes to support the district's
library system.
The accounting and reporting policies of Weld County, Colorado
conform to generally accepted accounting principles as set forth
by the Governmental Accounting Standards Board. The following
summary of significant accounting policies is presented to assist
the reader in evaluating the County's financial statements.
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:
e;8C r77
34
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1987
Governmental Fund Types:
All governmental funds and expendable trust funds are
accounted for on a spending or "financial flow"
measurement focus. This means that only current assets
and current liabilities are generally included on their
balance sheets. Their reported fund balance ( net
current assets) is considered a measure of "available
spendable resources". Governmental fund operating
statements present increases (revenue and other
financing sources) and decreases (expenditures and other
financing uses) in net current assets. Accordingly,
they are said to present a summary of sources and uses
of "available spendable resources" during a period.
General Fund:
The General Fund accounts for all financial
transactions of the County that are not properly
accounted for in other funds. Ordinary operations
of the County such as public safety, county
administration and other activities financed from
taxes and general revenue are reflected in this
fund.
Special Revenue Funds:
Special Revenue Funds are established to account
for taxes or other earmarked revenue of the County
which finance specified activities as required by
law or administrative action.
Capital Projects Funds:
Capital Projects Funds are established to account
for financial resources used for the acquisition or
improvement of the capital facilities of the
County.
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.
35
8805o,
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1987
Proprietary Fund Types:
All proprietary funds and pension trust funds are
accounted for on a cost of services or "capital
maintenance" measurement focus. This means that all
assets and all liabilities (whether current or
non-current) associated with their activity are included
on their balance sheets. Their reported fund equity
(net total assets) is segregated into contributed
capital and retained earnings components. Proprietary
fund type operating statements present increases
(revenue) and decreases (expenses) in net total assets.
Internal Service Funds:
Internal Service Funds are established to account
for goods and services provided to other
departments of the County on a cost-reimbursement
basis.
Enterprise Funds:
Enterprise Funds are used to account for operations
where the intent of the County is that the costs or
services to the general public on a continuing
basis be financed or recovered primarily through
user charges.
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.
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.
880.5n7
36
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1987
Fixed assets used in governmental fund type operations are
accounted for in the General Fixed Assets Account Group,
rather than in governmental funds. Acquisitions of general
fixed assets are recorded as capital outlay expenditures
within the governmental funds. Public domain
("infrastructure") general fixed assets consisting of roads,
bridges and rights-of-way are not capitalized. No
depreciation has been provided on general fixed assets.
Depreciation of all exhaustible fixed assets used by Internal
Service Funds and Enterprise Funds is charged as an expense
against their operations. Accumulated depreciation is
reported on their related balance sheets. Depreciation has
been provided using the straight line method over the
estimated useful lives, as follows:
Buildings 30 years
Land Improvements 20 years
Equipment and furniture 3-10 years
Recognition of governmental fund type revenue represented by
non-current receivables not expected to be collected in the
current period is deferred until they become current
receivables. Fund balance is reserved for other long-term
receivables which will not be collected in the current
period.
Basis of Accounting:
Basis of Accounting refers to when revenue and expenditures
or expenses are recognized in the accounts and reported in
the financial statements. Basis of accounting relates to the
timing of the measurements made, regardless of the
measurement focus applied.
The governmental funds, expendable trust funds, and agency
funds utilize the modified accrual basis of accounting.
Under this method revenues are recognized when measurable and
available. Primary revenues susceptible to accrual are
taxes, grant revenues and investment earnings. Property tax
is reported as a receivable ( less estimated uncollectible
amounts) when the levy is certified and as a revenue when
collected. Other taxes are also reported as revenue when
collected. Grant revenue is recognized as qualifying
expenditures are incurred, and investment earnings are
accrued over the life of the investment. Expenditures are
generally recognized when the related fund liability is
incurred except for long-term liabilities such as accrued
' vacation and sick leave which is recorded when payable from
current available financial resources.
37
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1987
Proprietary funds and pension trust funds follow the accrual
basis of accounting whereby revenue is recognized in the year
in which it is earned and becomes measurable. Expenses are
recorded when liabilities are incurred.
Agency funds are custodial in nature ( assets equal
liabilities) and do not involve measurement of results of
operations.
Encumbrances:
Weld County utilizes the encumbrance method of recording
commitments related to unperformed contracts for goods and
services. Under this method, outstanding encumbrances at
year end are recorded as a reservation of fund balance since
they do not constitute expenditures or liabilities. An
appropriation is made in the subsequent year to provide
authority to complete the transaction.
Budget:
An annual budget and appropriation ordinance is adopted by
the Board of County Commissioners in accordance with the
Colorado State Budget Act and Weld County Home Rule Charter.
The budget is prepared on a basis consistent with generally
accepted accounting principles for all governmental,
proprietary and expendable trust funds. The accounting
system is employed as a budgetary management control device
during the year to monitor the individual departments (level
of classification at 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 1987,
two supplemental appropriation ordinances were enacted.
Budget amounts reported in the accompanying financial
statements include these supplemental appropriations.
38 88C 5r.7'
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1987
Property Taxes:
Property taxes attach as an enforceable lien on property as
of January 1. Taxes are levied no later than November 15 and
are payable in the following year in two installments on
March 1 and August 1, or in full on April 30. The County,
through the Weld County Treasurer, bills and collects its own
property taxes as well as property taxes for all school
districts, cities and towns and special districts located
within the County. In accordance with Section 14-7 of the
Weld County Home Rule Charter, all ad valorem tax levies for
County purposes, when applied to the total valuation for
assessment of the County, shall be reduced so as to prohibit
the levying of a greater amount of tax revenue than was
levied from ad valorem taxation in the preceding year, plus
five per cent (5%) , except to provide for the payment of
bonds and interest. The Board of County Commissioners may
submit the question of an increased levy to the County
Council, and if in the opinion of a majority of the County
Council the County is in need of additional funds, the
Council may grant an increased levy for the County in such
amount as it deems appropriate, and the County is authorized
to make such increased levy.
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, 1987 levies for the applicable funds
of the County are as follows:
Levy
Mills Amount
General Fund 11.714 $ 10,620,028
Road & Bridge 3.742 3,392,534 •
Social Services Fund 2.506 2,271,965
Contingent Fund 1 .048 950,127
Capital Expenditures Fund .286 259,291
IGS - Insurance .564 511,328
TOTAL 19.860 $ 18,005,273
39
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1987
Investments:
Investments of the pension trust funds are stated at fair
market value.
Inventories:
Inventories of governmental funds, which consist of
expendable materials held for consumption, are stated at the
lower of cost, determined by the first-in, first-out method
or market. 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
average cost or market.
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.
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, Vacation Pay and Comp time:
Accrued vacation, sick pay and comp time for the governmental
funds are accounted for in the General Long-Term Debt Account
Group. Sick-leave is earned when vested and recorded as an
expenditure in the applicable fund when paid. In the event
of retirement or termination, an employee whose date of hire
is prior to January 1, 1985 is paid for 50% of accumulated
sick-leave hours up to the equivalent of one month. At
December 31 , 1987, the liability for accumulated sick-leave
approximated $557,925.
Unused vacation time is forfeited after 24 months from date
earned. Upon termination or retirement, employees are paid
for their accrued vacation. At December 31 , 1987, the
liability for accumulated vacation approximated $440,968.
Vacation is recorded as an expenditure in the applicable fund
when paid.
40
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1987
Vacation and sick-leave are accrued in the Proprietary Fund
Types when earned.
Comp time is recorded as an expenditure when paid. At
December 31 , 1987 , the liability for accumulated comp time
was $56,404.
Grant Revenue:
A receivable is generally recorded at the time a grant is
awarded. Grant revenue is deferred and recognized when
qualifying expenditures are incurred. Grant revenue is
recognized to the extent of qualified expenditures incurred.
Non-federal In-kind Contributions:
Volunteers assist the various 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. An offsetting in-kind expenditure
is also recorded for the value of the donated goods and
services.
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. Interfurd
eliminations have not been made in the aggregation of this
data.
41
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1987
Note 2 - Ambulance Enterprise Fund:
The Ambulance Enterprise Fund was created in 1987 by Resolution of
the Board of County Commissioners. The operations of the
ambulance department were moved from Governmental (General Fund)
to the newly created Enterprise Fund as it more clearly reflects
the nature and purpose of its operations. Prior years amounts
have not been reclassified as such amounts are not material.
Fixed assets with an approximate fair value of $19,762 were
transferred to the Ambulance Fund from the General Fixed Asset
Account Group and recorded as a contribution of capital. The net
assets transferred to the Ambulance Fund from the General Fund of
$128,780 are recorded as a residual equity transfer. Additionally
the General Fund made an operating transfer of $110,038 to
subsidize the Ambulance Fund's operations during 1987.
Note 3 - Equity in Pooled Cash and Investments, Cash, and Investments:
The County maintains a cash and investment pool that is available
for use by all funds except the Pension Trust Fund. Each fund's
share is displayed on the balance sheets as "Cash and
Investments". Several of the County's funds also hold investments
on their own account. The cash and investments of the Pension
Trust Fund are held separately from those of the other County
funds.
Deposits:
At year—end, the carrying amount of the County's deposits was
$16,847,403. Of this amount, $3,782, 139 was covered by
Federal deposit insurance and the remainder was
collateralized with securities held by the pledging financial
institution's trust departments or agents in the County's
name.
An amount representing food stamps held at December 31 , I987
of $915,258 is not included in the above amount.
Investments:
Statutes authorize the County to invest in obligations of the
U.S. Treasury, agencies, and instrumentalities, commercial
paper, and repurchase agreements. The Pension Trust Fund is
also authorized to invest in corporate bonds and mortgages.
42 EC�id cr-,
Qca� '.' c
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1987
The County's investments are categorized to give an
indication of the level of risk assumed by the entity at
year-end. Category 1 includes the investments that are
insured or registered or for which the securities are held by
the County or its agent in the County's name. Category 2
includes uninsured and unregistered investments for which the
securities are held in the County's name.
As of December 31 , 1987, the County's investments were held
by the County or its agents in the County's name and were
insured or registered, where applicable. Investments as of
December 31 , 1987 were as follows:
Carry Market
Category 1 Category 2 Amount Value
Mutual Funds $ 1,832,676 $ -0- $ 1,832,676 $ 1,832,676
Corporate Bonds 5,835,857 -0- 5,835,857 5,835,857
Trust Fund 520,403 -0- 520,403 520,403
Mortgages -0- 326,764 326,764 326,764
Treasury
Obligations 2,841,746 -0- 2,841,746 2,841,746
Common Stock 9,174,716 -0- 9, 174,716 9,174,716
Federal Funds 2,224,998 -0- 2,224,998 2,224,998
$22,430,396 $ 326,764 $22,757,160 $22,757,160
The Pension Trust Fund owns approximately 53% of the
investments in Category 1 and 100% of the investments in
Category 2. The County incurred approximately $131,754 of
losses on sales of investments during the year.
Note 4 - Receivables:
The allowance for uncollectible receivables consists of the
following at December 31 , 1987:
Allowance For
Fund Uncollectibles
General $ 80,641
Special Revenue 5,471,899
Capital Projects 1,983
Internal Service 4,073
Trust & Agency 3,110
Enterprise 181,734
TOTAL $ 5,743,440
43
st- , '7
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1987
Note 5 - Individual Fund Interfund Receivable and Payable Balances:
Interfund receivable and payable balances at December 3i , 1987 are
as follows:
Interfund Interfund
Receivables Payables
General Fund $ 142,229 $ 376,480
Special Revenue Fur.ds: 65,503 427,582
Road and Bridge Fund
Social Services Fund 5,160 34,864
Conservation Fund -0- 8,833
Contingency Fund 29,692 29,692
Public Health Fund 12,000 7,037
Human Resources Fund 72,636 42,460
Solid Waste Fund -0- 23,687
Housing Authority Fund 3,179 5,542
Capital Expenditures Fund 80 80
Special Assessment Funds: 8,749 8,749
Indianhead
Enterprise Fund:
Ambulance 90,415 39,904
Internal Service Funds:
Motor Vehicle Fund 323,996 11 ,012
Printing and Supply Fund 25,778 26
Computer Services Fund 175,978 2,251
Insurance Fund 39,983 -0-
PBX Fund 29,827 3,202
Trust and Agency Funds: 1 ,413
Employee Flexible Spending -0-
Payroll Agency Fund 4,898 70
Retirement Fund -0- 1 ,140
Health Insurance Fund -0- 6,079
TOTAL $1,030,103 $1,030,103
Note 6 - Special Assessments:
Weld County has four Special Assessment funds which are on the
Treasurer's Role for improvements to be paid for by the property
owners.
ES
44
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1987
The following schedule shows the assessment amount due for each
fund:
Year Ended Elmore Antelope Indian
December 31, Road Road 5 Hills Head Total
1988 $ 843 $100,000 $ 1,871 $ 706 $103,420
1989 843 100,000 1 ,871 706 103,420
1990 843 100,000 1,871 706 103,420
1991 844 100,000 1 ,871 706 103,421
1992 -0- 100,000 1,871 706 102,577
Thereafter -0- 375 ,000 7,487 3,526 386,013
Total Assessment
Receivable $ 3,373 $875,000 $16,842 $ 7,056 $902,271
Note 7 - Bonds Payable
Bonds outstanding and related interest requirements as of December
31 , 1987 are detailed as follows:
Principal Requirement Interest Requirement
Certifi- Certifi-
cate of Special cate of Special Total
Partici- Asses- Total Partici- Asses- Total Annual
Year pation ment Principal pation ment Interest Requirement
1988 $ 72,000 $100,000 $ 172,000 $20,103 $ 63,750 $ 83,853 $ 255,853
1989 75,000 100,000 175,000 15,963 54,625 70,588 245,588
1990 80,000 100,000 180,000 11,275 45,250 56,525 236,525
1991 90,000 100,000 190,000 6,075 35,625 41,700 231 ,700
1992 -0- 100,000 100,000 -0- 25,750 25,750 125,750
there-
after -0- 200,000 200,000 -0- 20,875 20,875 220,875
$317,000 $700,000 $1 ,017,000 $53,415 $245,875 $299,290 $1 ,316,290
The following is a summary of the bond transactions of the County
for the year ended December 31 , 1987:
Certificate
of Special
Participation Assessment Total
Bonds Payable January 1, 1987 $ -0- $ 800,000 $ 800,000
Bonds Issued 1987 317,000 -0- 317,000
Bonds Retired 1987 -0- (100,000) (100,000)
Bonds Payable December 31, 1987 $317,000 $ 700,000 $1 ,017 ,000
45
PSF?irrtr 1
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1987
On December 1 , 1987, the County legally issued Certificates of
Participation in the amount of $317,000. The issue was the result
of construction of two classrooms and library in southern Weld
County. Principal is paid annually on December 1, with interest
rates varying from 5.75% to 6.75%. The net effective interest
rate is 7.6165457.
At December 31 , 1987, there are $700,000 of special assessment
bonds payable. The bonds were issued to pay for road construction
and are to be repaid through collection of an assessment of the
property owners (see Note 5) . The bonds which bear interest
between 8.5% - 10.5% mature as follows: $100,000 each year from
1988 through 1991 and $300,000 thereafter.
Note 8 - Transfers:
Cash is 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 TO TRANSFER FROM
Special
General Revenue Total
General $ -0- $ 108,393 $ 108,393
Special Revenue 1,075,155 -0- 1,075,155
Special Assessment -0- 1 ,693 1 ,693
Proprietary 210,038 -0- 210,038
Total $1,285,193 $ 110,086 $1,395,279
Note 9 - Food Stamps
Food Stamp activity for 1987 is not shown as revenue and
expenditures in the financial statement as it is not a budgeted
item. The food stamps issued amounted to $5, 198,220 for the year
1987.
8805'n7
46
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1987
Note 10 - Changes in General Fixed Assets:
A summary of changes in general fixed assets follows:
Balance Balance
1/1/87 Additions Deletions 12/31/87
Land $ 1,588,952 $ 506,260 $ -0- $ 2,095 ,212
Improvements other
than buildings 218,011 12,909 -0- 230,920
Buildings 18,738,024 463,394 772,765 18,428,653
Machinery and
equipment 3,048,322 806,905 315,304 3,539,923
Total $23,593,309 $1,789,468 $1,088,069 $24,294,708
Note 11 - Capital Lease Obligation:
The County leases two phone systems under agreements accounted for
as capital leases.
The following is a schedule of the future minimum lease payments
under the capitalized leases together with the present value of
the net minimum lease payments as of December 31 , 1987.
Human Social
Year Ending December 31 , Resources Services Total
1988 $ 17,802 $ 29,645 $ 47,447
1989 17,802 29,645 47,447
1990 16,318 29,645 45,963
1991 0 29,648 29,648
1992 0 27,262 27,262
Thereafter 0 0 0
Total minimum lease payments 51 ,922 145,845 197,767
Less: Amount representing
interest (6,817) (30,617) (37,434)
Present value of net minimum
lease payments $ 45,105 $115,228 $160,333
47
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1987
Note 12 - Tax Anticipation Notes:
In 1987 Weld County issued tax anticipation notes, Series 1987, in
the amount of $2,990,000. Weld County was authorized in
accordance with Section 29-15-1, CRS, 1986, to issue by resolution
tax anticipation notes in an amount not to exceed fifty percent of
all taxes estimated by the County in the current fiscal year. At
December 31, 1987 all bonds were due and payable. $1 ,905,000 of
the bonds were not redeemed by bondholders until 1988. Interest
ceased to accrue on the redemption date of December 31, 1987.
Note 13 - Changes in Long-Term Debt:
The following is a summary of long-term debt transactions of the
County of Weld for the year ended December 31, 1987:
Balance Balance
1/1/87 Additions Reductions 12/31/87
Certificate of
Participation
(Note 7) $ -0- $317,000 $ -0- $ 317,000
Phone Lease
Obligation
(Note 11) 190,481 -0- 30, 148 160,333
Vacation & Sick
Leave 1,063,546 -0- $ 8,253 $1,055,293
TOTAL $1,254,027 $317,000 $ 38,401 $1,532,626
Sick leave and vacation accruals for Governmental Fund types are
recorded in this fund together with the capital lease obligations
and certificate of participation for government funds. Weld
County has no general bonded indebtedness. In accordance with
Section 30-35-201, CRS, 1973, the limit of Weld County's general
bonded indebtedness is 3% of the assessed valuation or $27,198,297
as of December 31, 1987.
Note 14 - Fund Balance 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 of a designated group of taxpayers. As the
assessments are collected, the advance is repaid.
ccf SC
48
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1987
Reserve for Encumbrances:
These reserves are established to record purchase orders and
commitments outstanding for which the related goods/services
have not been received at year end.
Reserve for Prepaid Items:
These reserves are established to record all prepaid items.
Reserve for Inventories:
These reserves are established to record the total level of
inventories.
Reserve for Employee Benefits:
These reserves are established to record the Pension Benefit
obligation of the Weld County Retirement Plan.
Reserve for Advances - to Internal Service Funds:
These reserves were established to record a temporary loan of
cash flow for a supply inventory.
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, 1988.
The following is a summary of all reported reserves by fund type:
Special Capital Trust and
Reserves General Revenue Projects Agency Total
Encumbrances $ 45,297 $ 537,293 $144,351 S 60 $ 727,001
Prepaid Items 29,244 53,791 -0- -0- 83,035
Inventories 31,339 740,778 -0- -0- 772, 117
Advances to
Special Assess-
ment Funds 27,289 75,000 -0- -0- 102,289
Advances to
Internal
Service Funds 80,000 -0- -0- -0- 80,000
Employee
Benefits -0- -0- -0- 20,121,007 20,121 ,007
TOTAL $213,169 $1,406,862 $144,351 $20, 121,067 $21,885,449
49
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1987
Note 15 - Other Required Individual Fund Disclosures:
The deficit fund balance of the Special Assessment Funds
(Improvement District Road 5 - $652,771 , Indianhead Special
Assessment - $6,350 and Antelope Hills Special Assessment -
$11 ,748) arose because of the application of generally accepted
accounting principles to the financial reporting for such funds.
Special assessments are recognized as revenue only to the extent
that individual installments are considered to be available,
spendable resources. The deficit will be reduced and eliminated
as deferred special assessment installments become available,
spendable resources.
The deficit fund balance of Social Services (Special Revenue) of
$122,195 was caused by program cost increases in areas over state
reimbursement. This shifted the burden for these expenses to the
local tax source which was not sufficient to cover the overage.
Additional dollars will be added to the 1988 allocation to support
the burden created by these disallowed reimbursable costs.
Excesses of expenditures over appropriations in individual funds
are as follows:
Revised Over-
Appropriation Expenditures expenditure
Special Revenue Funds:
Human Resources $ 3,845,920 $ 3,856,574 $ (10,654)
Enterprise Funds:
Ambulance $ 956,500 $ 1,175,257 $ (218,757)
The overage for the Human Resources fund was caused due to an
increase in the Headstart expenditure.
The overage in the Ambulance Fund is attributed to first year
start-up cost.
In-kind contributions and expenditures are not included as
budgetable items.
Co80a5n
50
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1987
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 16 - Weld County Retirement Plan:
The Weld County Retirement Plan is a trusteed defined benefit
pension plan. All full time employees (except officers and
employees of any Federally-funded program which excludes them) are
required to participate in the plan. At December 31 , 1987 the
number of participating employees was 835, and the membership
consisted of:
Retirees and beneficiaries currently
receiving benefits and terminated
employees entitled to benefits but
not yet receiving them: 185
Current Employees:
Vested: 291
Nonvested: 359
TOTAL 835
The Weld County Retirement Plan, established in 1969 provides for
pension, death, and disability benefits. All benefits are fully
vested after 8 years of service, except elected officials, who are
fully vested regardless of years of service. Employees are
required to contribute 6.0%, by directive of the retirement board,
to the Retirement Plan which is equally matched by the County.
Contributions during 1987 for both the County and the employees
totalled $1,675,355. Total covered payroll for year ended
December 31, 1987 was $13,962,091.
The Weld County Retirement Plan is accounted for using the accrual
basis of accounting. Employee and employer contributions are
recognized as revenues in the period in which employee services
are performed.
Investments are reported at market. Investment income is
recognized over the life of the investments.
51
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
The amount shown below as "Pension Benefit Obligation" is a
standardized disclosure measure of the present value of pension
benefits, adjusted for the effects of projected salary increases,
estimated to be payable in the future as a result of employee
service to date. The measure is the actuarial present value of
credited projected benefits and is independent of the funding
method used to determine contributions to the Plan.
The "Pension Benefit Obligation" was determined as part of an
actuarial valuation at January 1, 1987. The actuarial assumptions
used include: A) Rate of return on the investment of present and
future assets of 7 .5% per year compounded annually, and B)
Earnings progression at various rates depending on attained age
from 8.5% for age 25 to 6.3% for age 64.
At January 1 , 1987 there are assets in excess of the pension
benefit obligation of $4,284,496 as follows:
Pension Benefit Obligation:
Retirees and Beneficiaries
Currently Receiving Benefits $ 3,988,439
Terminated Vested Employees Not Yet Receiving Benefits 66,301
Current Employees:
Accumulated Employee Contributions
Including Allocated Investment Income 4,507,102
Employer Financed Vested 5,287,047
Employer Financed Nonvested 1 ,987,622
Total Pension Benefit Obligation: 15,836,511
Net Assets Available for Benefits(Market Value) : 20,121,008
Assets in Excess of Pension g 4,284,496
Benefit Obligation:
Information on the effects of current year changes in actuarial
assumptions and benefit provisions on the pension benefit
obligation is not presented as it is not available.
52
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1987
Note 17 - Deferred Compensation:
Effective January 1, 1984, as allowed by the provisions of Section
24-52-101 , et. seq. , CRS, 1973, and by 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 holds these funds in custody for the participants and
exercises no discretion over the investment of the funds. The
participants election of investments determines the risk factor he
is willing to absorb. Investments are recorded at market value.
Note 18 - Contingent Liabilities:
The County is currently the defendant in several lawsuits. Based
upon the opinion of legal counsel, these claims would be covered
by insurance and/or there does not appear to be a threat of
significant liability to the County. Self-insurance for liability
exposure is maintained by the Insurance Fund in the Internal
Service Fund group. Self-insurance is in effect for incidents up
to June 30, 1986 for property, casualty, and liability losses up
to $100,000 per occurrence. Losses greater than $100,000 per
occurrence, and those in excess of the aggregate stop loss, were
insured by private insurance companies. County-wide annual
aggregate stop loss limit was $340,000.
Effective July 1 , 1986, Weld County joined Colorado Counties,
incorporated's Casualty and Property Pool (CAPP) which covers all
casualty and property claims with a $500 deductible for first
party property claims. Worker's Compensation remains self-insured
with a $200,000 per occurrence and $200,000 aggregate annual stop
loss limit. Private insurors cover claims above the stop loss
limit for all types of insurance.
The County participates in a number of federal and state grant
programs. Principal funding agencies include the Office of
Revenue Sharing, Department of Labor, Community Services
Administration, Department of Health and Human Services,
Department of Housing and Urban Development, and Area Agency on
Aging. These programs are subject to program compliance audits by
the grantors or their representatives. The 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.
53
#0stri
WIDe.
COLORADO
54
COMBINING STATEMENTS ,
INDIVIDUAL FUND AND
ACCOUNT GROUP
STATEMENTS ,
AND SCHEDULES
WII'Dc.
COLORADO
GENERAL FUND
The General Fund accounts for ell 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.
tf VI
COLORADO
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
BALANCE SHEET
December 31, 1987 and 1986
ASSETS
1987 1986
ASSETS:
Cash and short term investments $ 3,373,743 S 2,874,745
Cash - other 28,125 23,500
Receivables (net of allowance for uncollectibles):
Current property tax 11,247,635 10,620,045
Delinquent property tax 182,377 244,400
Accounts - Ambulance service 0 223,355
Accounts - Other 171,904 132,485
Due from other county funds 142,229 61,759
Due from other governmental units 220,519 235,553
Advances to other funds 107,271 111,758
Inventories 31,339 30,734
Prepaid expenses 46,232 24,362
TOTAL ASSETS $ 15,551,374 $ 14,582,696
LIABILITIES AND FUND BALANCE
LIABILITIES:
Accounts payable $ 153,084 $ 118,346
Accrued liabilities 580,658 585,408
Due to other governments 15,075 9,199
Due to other county funds 376,480 303,381
Deferred revenue 11,407,008 10,864,445
Unexpended grant revenue 100,391 102,037
Other liabilities 0 600
Bonds payable 1,905,000 1,450,000
Total Liabilities $ 14,537,696 $ 23S—I16
FUND BALANCE:
Reserve for encumbrances $ 45,297 $ 121,524
Reserve for advances to other funds 107,289 111,758
Reserve for prepaid expenses 29,244 24,362
Reserve for inventories 31,339 30,734
Unreserved: 190 108 141,987
Designated for subsequent year's expenditures ,
Undesignated 610,401 718,915
Total Fund Balance 1,013,678 1,149,280
TOTAL LIABILITIES AND FUND BALANCE $ 15,551,374 $ 14,582,696
55
8805Y' i
COUNTY OF WELD
SI'AIE Of COLORADO
GENERAL FUND
Schedule Of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate Actual Variance Actual
TAXES:
General property tax $ 10,620,045 $ 10,652,851 $ 32,806 S 10,141,869
Severance tax 16,000 0 (16,000) 3,348
Tobacco products 61,000 67,539 6,539 59,615
Penalties & interest 0 59,899 59,899 53,954
Payment in lieu of taxes 13,035 13,035 0 0
Total Taxes 10,710,080 10,793,324 83,244 10,258,786
LICENSES AND PERMITS:
Liquor licenses 5,400 7,054 1,654 3,465
Plow permits 0 280 280 0
Planning permits 67,605 68,951 1,346 64,821
Building permits 267,000 260,406 (6,594) 249,658
Electrical permits 55,000 46,016 (8,984) 45,159
Total Licenses and Permits 395,005 382,707 (12,298) 363,103
INTERGOVERNMENTAL REVENUE:
Contract payments 115,000 129,631 14,631 141,255
Grant 578,653 629,572 50,919 860,379
District Attorney 38,000 38,000 0 38,000
Veterans Office 600 600 0 550
Cities & towns 82,072 81,363 (709) 104228
,
Total Intergovernmental Revenue 814,325 879,166 64,841 1,144,412
CHARGES FOR SERVICES:
Plan checking fees 6,750 6,091 (659) 5,387
Books 7,500 10,443 2,943 8,425
Charge for service 320,939 313,166 (7,773) 225,528
Sale of supplies 4,800 7,356 2,556 4,715
City contracts 83,100 85,332 2,232 82,012
Rescue unit fees 0 0 0 879,868
Parking 15,675 15,556 (119) 15,888
Refuse disposal 1,000 644 (356) 588
Weed spraying 15,000 12,896 (2,104) 15,299
Total Charges for Services 454,764 451,484 (3,280) 1,237,710
FINES AND FORFEITURES:
Victim witness surcharge 2.5% 3,895 0 (3,895) 0
Property forfeitures/evidence 1,750 1,750 0 2,905
Fines (drunk drivers) 23,000 74,715 51,715 64,293
Total Fines and Forfeitures 28,645 76,465 47,820 67,198
MISCELLANEOUS REVENUE:
Miscellaneous 0 982 982 1,252
Oil & gas leases 0 2,190 2,190 2,180
Rents from buildings 132,900 154,084 21,184 156,101
Royalties 150,000 169,765 19,765 251,249
Car seat rentals 71,430 69,030 (2,400) 69,030
Special assessments 425,535 481,803 56,268 328,549
Miscellaneous revenue 0 20,630 20,630 6,280
Other revenue 4,200 69,974 65,774 56,937
Car seat donations 0 4,039 4,039 3,872
In kind 65,000 67,830 2,830 . 60,908
DUI fees 66,696 5,852 (60,844) 5,011
Bond application fee 600 225 (375) 333
Public Trustee deeds 11,000 8,752 (2,248) 9,689
Sale of assets 945 1,460 515 11,540
Total Miscellaneous Revenue 928,306 1,056,616 128,310 962,931
(Continued on next page)
[1"27
5 6 a.?�Y'
COUNTY OF WELD
STATE ON COLORADO
GENERAL FUND
Schedule Of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate Actual— Variance Ac— ttuu—
FEEheriUfTs: 117,248 $ 106,347 $ (10,901) S 114,795
Sheriff s cora $
Clerk & Recorder fees 1,058,000 1,041,222 (16,778) 1,039,068
Treasurer's fees 480,000 486,226 6,226 461,171
Advertising 37,595 37,923 328 37,570
Assessor's fees 36,000 39,211 3,211 27,752
Surveyor fees 3,000 950 (2,050) 0
Bad check fees 0 15 15 0
Total Fee Accounts 1,731,843 1,711,894 (19,949) 1,680,356
EARNINGS ON INVESTMENTS:
Earnings on deposit 1,202,270 1,052,991 (149,279) 1,213,651
Total Earnings on Investments 1,202,270 1,052,991 (149,279) 1,213,651
TOTAL REVENUE 16,265,238 16,404,647 _alit 16,928,147
GENERAL GOVERNMENT:
Office of the Board 248,695 239,017 9,678 234,885
County Attorney 322,955 294,982 27,973 306,852
Public Trustee 4,500 3,497 1,003 3,790
Planning and zoning 231,030 222,694 8,336 218,542
County Clerk 1,100,910 1,090,110 10,800 1,082,883
Elections and registration 127,721 119,882 7,839 292,541
County Treasurer 510,488 469,255 41,233 477,176
County Assessor 1,128,222 1,119,75287 5 465 934,441
County Surveyor 3,000 2,715 0
Maintenance of buildings/grounds 1,102,428 1,118,416 (15,988) 1,027,203
County Council 20,522 6,937 13,585 10,839
District Attorney 1,115,807 1,058,311 57,496 977,800
Juvenile Diversion Grant 132,204 116,868 15,336 112,489
Victim Assistance 71,171 71,344 (173) 44,484
Pac - Diversion 59,373 52,274 7,099 38,975
Financial administration 125,964 125,869 95 122,225
General accounting 395,037 391,020 4,017 296,793
Purchasing 139,098 136,944 2,154 131,762
Personnel 184,544 181,703 2,841 203,171
Total General Government 7,023,669 6,819,165 204,504 6,516,851
PUBLIC SAFETY:
Sheriff administration 1,133,753 1,129,755 3,998 1,062,512
Crime control and investigation 1,945,337 1,931,129 14,208 1,810,012
Posse/special deputies 1,600 823 777 5,355
Regional Forensic Laboratory 53,012 49,970 3,042 50,277
Communications Services 679,525 696,135 (16,610) 624,040
Communication system development 0 6,140 (6,140) 544
Ambulance services 238,818 0 238,818 818,803
County Coroner 58,925 57,807 1,118 62,394
Correctional administration 2,160,420 2,182,494 (22,074) 1,965,984
Community correction 130,000 138,982 (8,982) 170,242
Delinquents and other institutions 165,918 164,052 1,866 155,628
Public service DUI 67,635 59,051 8,584 55,383
Building inspection 284,715 269,675 15,040 241,653
Office of Emergency Management 41,044 40,265 779 39,045
Energy impact - Hasmat 0 0 0 15,084
Predatory animal control 9,500 9,143 357 8,000
Animal control 67,146 67,146 0 67,146
Pest/weed control 121,137 122,032 (895) 120,833
Total Public Safety 7,158,485 6,924,599 233,886 7,272,935
(Continued on next page)
57
COUNTY OF WELD
STATE OF COLORADO
GENERAL FUND
Schedule Of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
, . 1987 1987 1987 1986
Estimate Actual Variance Actual
PUBLIC WORKS:
General engineering $ 291,163 $ 283,789 $ 7,374 $ 271,468
Extension service 184,148 172,758 11,390 169,737
Veterans office 45,827 45,022 805 41,622
Airport 25,000 21,155 3,845 0
Total Public Works 546,138 522,724 23,414 482,827
PUBLIC HEALTH AND WELFARE:
Mental health 72,931 72,931 0 69,458
Developmentally disabled 41,105 41,105 0 39,148
Seniors programs 10,500 10,500 0 10,500
Patient advocacy 0 0 0 50,000
Total Public Health and Welfare 124,536 124,536 0 169,106
MISCELLANEOUS EXPENDITURES:
Tax anticipation notes 15,000 15,000 0 17,700
Other 289,143 189,672 99,471 200,248
IRB building rents 69,030 69,030 0 69,030
Total Miscellaneous Expenditures 373,173 273,702 99,471 286,978
CULTURE AND RECREATION:
Missle site park 1,100 717 383 2,537
County fair 30,905 94,993 (64,088) 84,025
Total Culture and Recreation 32,005 95,710 (63,705) 86,562
CONSERVATION OF NATURAL RESOURCES:
Northern Colorado Research Center 0 0 0 3,000
Greeley West Soil Conservation 0 0 0 3,025
Total Conservation of Natural
Resources
CAPITAL OUTLAY:
County Assessor 370 370 0 0
District Attorney 1,800 0 10,800 1,800 0
Victim Assistance 10,028 8,742
Equipment 77,237 63,796 13,441 69,650
Sheriff administration 3,905 3,700 205 6,650
Crime control and investigation 24,360 23,838 522 0
Regional Forensic Laboratory 11,795 8,475 3,320 36,849
Communication system development 244,624 225,610 19,014 155,648
Ambulance services 0 0 0 15,467
Correctional administration 14,558 12,328 2,230 108
Energy impact - Hasmat 0 0 0 8,476
Total Capital Outlay 389,449 348,145 41,304 301,590
DEBT SERVICE:
Tax anticipation notes 126,089 126,088 1 170,977
Total Debt Service 126,089 126,088 1 170,977
TOTAL EXPENDITURES 15,773,544 15,234,669 538,875 15,293,851
(Continued on next page)
@8,C`r?
58 4
COUNTY OF WELD
STATE OF COLORADO
Schedule Of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 19871 1986
Estimate Actual Variance Actual—
OPERATING TRANSFERS - IN:Non-Departmental $ 36,059 $ 36,059 $ 0 $ 0
Pac - Diversion 72,133 72,334 201 59,140
TOTAL OPERATING TRANSFERS-IN 108,192 108,393 201 59,140
OPERATING TRANSFERS - OUT:
Appropriation grants-in-aid 1,196,127 1,285,193 (89,066) (1,282,370)
TOTAL OPERATING TRANSFERS-OUT 1,196,127 1,285,193 (89,066) (1,282,370)
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER USES L- 26-121--.1(5 ) $ (6,822) $ 589,419 $ 411,066
4
59
COLORADO
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.
wiIEDc.
COLORADO
S8O5O7
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1987
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.
Human Resources Fund:
The Human Resources Fund accounts for various Federal and State human
service grants. Primary funding agencies are DOL, HHS , and CSA.
Solid Waste Fund:
This fund accounts for revenue received from a surcharge on dumping
fees at solid waste disposal sites for the purpose of combating
environmental problems and for further improvement and development of
landfill sites within the County.
Housing Authority Fund:
The Housing Authority Fund accounts for various federal housing grants
- primary funding agent is HUD.
61
COUNTY OF WELD
STATE OF COLORADO
SPECIAL RL,vaNUE AUNDS
COMBINING BALANCE SHEET
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
Federal
Road and Social Revenue Conservation
Bridge Services Sharing Trust Contingent
Fund Fund Fund Fund Fund
ASSETS
ASSETS:
Cash and short term
investments $ 2,908,388 $ 666,352 $ 0 $ 147,939 $ 36,953
Cash - other 3,500 919,408 0 0 0
Receivables (net where
applicable of allowance
for uncollectibles):
Current property tax 3,309,743 2,370,535 0 0 934,579
Delinquent property tax 54,843 38,712 0 0 14,107
Accounts 26,450 (2,543) 0 2,802 0
Due from other county funds 65,503 5,160 0 0 29,692
Due from other governmental
units 215,502 0 0 0 0
Advances to other funds 0 0 0 0 0
Inventories 716,907 0 0 0 0
Prepaid expenses 174 2,834 0 0 0
TOTAL ASSETS $ 7,301,010 $ 4,000,458 $ 0 $ 150,741 $ 1,015,331
LIABILITIES AND FUND BALANCE
LIABILITIES:
Voucher and warrants
payable $ 57,438 $ 67,347 S 0 $ 0 $ 0
Accrued liabilities 124,644 116,867 0 0 0
Due to other governments 0 1,474,278 0 0 0
Due to other county funds 427,582 34,864 0 8,833 29,692
Deferred revenue 3,364,586 2,409,247 0 0 948,686
Unexpended grant revenue 0 0 0 0 0
Other liabilities 0 20,050 0 0 0
Total Liabilities S 3,974,250 $ 4,122,653 $ 0 $ 8,833 $ 978,378
FUND BALANCE:
Reserved:
Reserve for encumbrances $ 528,490 $ 0 $ 0 S 0 S 0
Reserve for advances other
funds 0 0 0 0 0
Reserve for prepaid
expenses 174 0 0 0 0
Reserved for inventories 716,907 0 0 0 0
Unreserved:
Designated for subsequent
year's expenditures 965,000 0 0 0 0
Undesignated 1,116,189 (122,195) 0 141,908 36,953
Total Fund Balance $ 3,326,760 $ (122,195) $ 0 $ 141,908 L____36,953
TOTAL LIABILITIES AND
FUND BALANCE L-.7.222.112)--0 $ 4,000,458 $ 0 Sal $ 1,015,331
•
5:.
62. .
aN.^'fit. .,;
Public Human Solid Housing
Health Resources Waste ase Authority December 31 December ber 31
Fund Fund Fund 1987
847,475 $ 211,750 $ (7,958) $ 5,013,514 $ 4,899,344
$ 202,615 $ 0 16,969 940,152 24,635
200 75
0 0 0 0 6,614,857 6,615,135
0 0 0 0 107,662 130,999
21,991 211,252 18,871 5,252 284,075 211,047
72 636 0 3,179 188,170 173,231
12,000 >
0 209,130 1,990,944 1,981,849
170,532 1,395,780 0 75,000 0 75,000 75,000
0 0 740,778 839,270
23,871 0 0
1,840 650 0 54,289 59,787 33,432
$ 433,049 $ 2,527,868 $ 305,621 1..._213-92±1 $ 16,014,939 $ 14,983,942
$ 71,625 $ 210,303 $ 122 $ 20,869 $ 427,704 $ 143,201
48,297 147,654 0 2,219 439,681 356,134
0 0 0 0 1,474,278 1,286,261
42 460 23,687 5,542 579,697 269,505
7,037 1,071 75,000 0 6,809,591 6,828,505
11,001 0 200,864 1,261,659 1,181,844
119,769 941,026 0 0 69
69,936 ,936
0 49,886
1-222-221 $ 1,392,400 $ 98,809 $ 229,494 $ 11,062,546 $ 10,135,386
$ 6,739 $ 2,064 $ 0 $ 0 $ 537,293 $ 1,493,900
0 0 75,000 0 75,000 75,000
0 51,367 53,791 33,432
1,840 410
23,871
18,536 0 131,812 0 1,115,348 1,280,000
124,334 1,132,994
0 0 2,430,183 1,126,954
$ 175,320 S1 $ 206,812 $ 51,367 $ 4,952,393 $ 4,848,556
$ 433,049 $ 2,527,868 $ 305,621 $ 280,861 a6.222-1.••-•4 939 $ 14,983,942
1'\ . t+,d: 63
COUNTY OF WELD
STATE OF COLORADO
SPI.CiAL REVENUt. ruts
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
Federal
Road and Social Revenue Conservation
Bridge Services Sharing Trust Contingent
Fund Fund Fund Fund Fund
REVENUES:
Taxes $ 4,317,842 $ 2,437,396 $ 0 S 0 S 1,015,746
Licenses and permits 230,194 0 0 0 0
Intergovernmental revenue 4,308,748 10,950,908 11,113 162,736 0
Charges for services 39,004 0 0 0 0
Miscellaneous 61,753 0 0 4,754 0
Total Revenues 8,957,541 13,388,304 11,113 167,490 1,015,746
EXPENDITURES:
Current Operating:
Public works $ 9,353,622 $ 0 $ 0 S 0 S 0
Public health and welfare 0 13,400,819 0 0 0
Miscellaneous 0 44,884 0 0 0
Culture and recreation 0 0 0 148,461 0
Economic assistance 0 0 0 0 0
Capital outlay 3,274 6,458 0 0 0
Intragovernmental 594,982 0 0 0 0
Total Expenditures 9,951,878 13,452,161 0 148,461 0
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (994,337) (63,857) 11,113 19,029 1,015,746
OTHER FINANCING SOURCES:
Operating transfers - in $ 1,054,395 $ 0 $ 0 $ 0 $ 0
Operating transfers - out (1,693) (72,334) (11,113) 0 (1,024,841)
Total Other Financing
Sources (Uses) L.1.02-22-92. $ (72,334) . $ (11,113) $ 0 $ (1,024,841)
EXCESS OF REVENUES AND OTHER
SOURCES OVER (UNDER)
EXPENDITURES AND OTHER USES 58,365 (136,191) 0 19,029 (9,095)
FUND BALANCE AT BEGINNING
OF YEAR 3,268,395 13,996 0 122,879 46,048
FUND BALANCE AT END OF YEAR $ 3,326,760 $ (122,195) $ 0 $ 141,908 $ 36,953
•
•
, 64 *05°7
4 17.:, Yom r
Public Human Solid Housing
Health Resources Waste Authority December 31 December 31
Fund Fund Fund Fund 1987 1986
$ 0 $ 0 $ 0 $ 0 $ 7,770,984 $ 6,722,049
125 0 0 0 230,319 218,257
336,548 3,194,428 0 945,662 19,910,143 19,514,492
183,527 304,367 165,180 0 692,078 494,900
1,621 102,056 0 2,972 173,156 173,038
P... .23.12-. 821 La: 1.... ..-L-2" 5180 $ 948,634 $ 28,776,680 $ 27,122,736
$ 0 $ 0 $ 0 $ 0 $ 9,353,622 $ 8,022,912
1,263,679 0 0 0 14,664,498 14,491,396
O 0 25,922 68,031 138,837 134,502
O 0 0 0 148,461 178,790
O 3,629,604 0 861,742 4,491,346 3,962,816
9,307 226,970 0 157 246,166 116,433
O 0 0 0 594,982 488,119
$ 1,272,986 1,-222E611 574 $ 25,922 $ 929,930 $ 29,637,912 $ 27,394,968
(751,165) (255,723) 139,258 18,704 (861,232) (272,232)
$ 689,371 $ 385,784 $ 0 $ 0 $ 2,129,550 $ 2,878,377
O 0 (54,500) 0 (1,164,481) (2,053,851)
1-212221 1-181122L. L---S54,5.21) $ 0 1-a$-L3.62. IS
(61,794) 130,061 84,758 18,704 103,837 552,294
237,114 1,005,407 122,054 32,663 4,848,556 4,296,262
$ 175,320 $ 1,135,468 $ 206,812 $ 51,367 $ 4,952,393 $ 4,848,556
1,Y 1 %1:,. 65
880507
COUNTY OF WELD
STATE OA' COLORAb0
SPECIAL KhvENUE FUNDS
ROAD AND BRIDGE FUND
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate ActualVariance —Ac tual
TARES:
General property tax $ 3,392,578 $ 3,396,765 $ 4,187 $ 2,776,492
1 131 000 901,942 (229,058) 894,665
Specific ownership taxes ,131,000
' 0 19,135 19,135 14,790
Penalties & interest
Total Taxes 4,523,578 4,317,842 (205,736) 3,685,947
LICENSES AND PERMITS:
Moving permits 100,000 230,194 130,194 217,457
Total Licenses and Permits 100,000 230,194 130,194 217,457
INTERGOVERNMENTAL REVENUE: 1 000 0 (1,000) 0
Matching funds snow/gravel 31,,000 41,185 11,185 23,350
Mineral leasing 38,000 56,250 18,250 48,266
Grazing act 0 10,140 10,140 12,192
Payment in lieu of taxes 0 0 0 28,913
Grant - 190,666
189,569 (431) 187,970
Motor vehicle registration fee 4,090,666 4,011,604 (79,062) 3,199,244
Highway user tax fund
Total Intergovernmental Revenue 4,349,666 4,308,748 (40,918) 3,499,935
CHARGES FOR SERVICES: 2,000 39,004 37,004 15,582
Charge for service
Total Charges for Services 2,000 39,004 37,004 15,582
MISCELLANEOUS REVENUE: 0
Miscellaneous revenue 0 5,912 5,912
Other revenue 1,000 55,841 54,841 72,388
Total Miscellaneous Revenue 1,000 61,753 60,753 72,388 TOTAL REVENUE 8,976,244 8,957,541 (18,703) 7,491,309
PUBLIC WORKS: 5 228 0 5,228 0
Roadway construction , 802 790 68 228 571,390
Bridge construction 871,675 ' 8,882) 1,632,520
Maintenance of condition 1,658,500 1,660,187
Maintenance support 874,574 686,124 188,450 759,361
Trucking division 1,082,225 951,323 130,902 866,106
Mining division 796,784 790,516 6,268 6170,782
43,153
Administration 176,106 192,134 (16,028)
Other public works 5,270,020 4,270,545 —2-2--99475 3,379,600
Total Public Works 10,735,112 9,353,622 1,381,490 8,022,912
(Continued on next page)
•
66 tie—
COUNTY OF WELD
STATE OF COLORADO
SPBCiAL RhvENU6 FUNDS
ROAD AND BRIDGE FUND
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
-MTh= Actual Variance Actual
CAPITAL OUTLAY:
Maintenance of condition $ 3,300 $ 3,274 S 26 $ 0
Total Capital Outlay 3,300 3,274 26 0
INTRAGOVERNtIENTAL EXPENDITURES:
Grants-in-aid to cities/towns 607,525 594,982 12,543 488,119
Total Intragovernmental
Expenditures 607,525 594,982 12,543 488,119
TOTAL EXPENDITURES 11,345,937 9,951,878 1,394,059 8,511,031
OPERATING TRANSFERS - IN:
Non-Departmental 11,113 1,054,395 1,043,282 1,799,711
TOTAL OPERATING TRANSFERS-IN 11,113 1,054,395 1,043,282 1,799,711
OPERATING TRANSFERS - OUT: 0 (1,693) (1,693) (15,000)
Other public works
TOTAL OPERATING TRANSFERS-OUT 0 (1,693) (1,693) (15,000)
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER USES U.2-11510-8.2) $ 58,365 $ 2,416,945 $ 764,989
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE IQNYS
SOCIAL SERVICES FUND
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Est mate c� Variance Actual
TAXES:
General property tax $ 2,271,834 $ 2,278,346 $ 6,512 $ 2,130,996
Specific ownership taxes 173,617 146,236 (27,381) 147,709
Penalties & interest 0 12,814 12,814 11,350
Total Taxes 2,445,451 2,437,396 (8,055) 2,290,055
INTERGOVERNMENTAL REVENUE:
Contract payments revenue 0 66,136 66,136 54,692
Federal shared revenue 78,400 0 (78,400) 0
Direct assistance 3,920,000 0 (3,920,000) 0
Welfare (SS) 7,709,799 10,884,772 3,174,973 10,963,682
Total Intergovernmental Revenue 11,708,199 10,950,908 (757,291) 11,018,374
MISCELLANEOUS REVENUE:
Sale of assets 0 0 0 545
TOTAL REVENUE 14,153,650 13,388,304 (765,346) 13,308,974
PUBLIC HEALTH AND WELFARE:
Administrative - regular 2,940,800 2,945,957 (5,157) 2,835,638
Administrative - IV-D 465,700 462,897 2,803 382,411
Institutional care 0 52,482 (52,482) 0
General assistance 104,000 96,890 7,110 91,098
AB 8,000 5,820 2,180 5,791
AFDC 4,812,000 4,657,418 154,582 5,086,246
AND - State 489,000 528,790 (39,790) 252,374
CW - FC 1,070,000 1,065,052 4,948 952,043
AFDC - FC 405,000 403,294 1,706 365,248
Day care 450,000 444,990 5,010 373,182
Medicaid transportation 30,000 19,797 10,203 22,677
Non-contractural case services 16,000 11,312 4,688 14,281
OAP - A - 1,534,000 1,663,358 (129,358) 1,102,970
Placement alternative care 225,000 171,275 53,725 228,365
AFDC - U 0 (271) 271 (45)
AND - other 100,000 0 100,000 222,695
OAP - B 256,000 0 256,000 625,810
Medical examinations 13,000 11,680 1,320 11,323
IV-D 0 (204,021) 204,021 (534,707)
AB - treatment 8,000 10,243 (2,243) 1,260
Administrative - LEAP 78,400 56,700 21,700 53,299
Administrative - LEAP outreach 15,000 18,820 (3,820) 20,418
LEAP - regular 1,055,000 886,908 168,092 1,117,418
LEAP - emergency 30,000 25,237 4,763 29,233
LEAP - special 0 0 0 (95)
FEMA 0 66,191 (66,191) 54,693
Total Public Health and Welfare 14,104,900 13,400,819 704,081 13,313,626
(Continued on next page)
68 13805C7
.
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE: t1` S
SOCIAL SERVICES FUND
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate Actual arriance AcAcctub
MISCELLANEOUS EXPENDITURES:
Staff development $ 3,000 $ 2,441 $ 559 $ 4,788
Staff Travel 45,000 42,443 2,557 35,392
Total Miscellaneous Expenditures 48,000 44,884 3,116 40,180
CAPITAL OUTLAY:
Administrative - regular 750 6,458 (5,708) 15,407
Administrative - IV-D 0 0 0 886
Administrative - LEAP 0 0 0 329
Total Capital Outlay 750 6,458 (5,708) 16,622
TOTAL EXPENDITURES 14,153,650 13,452,161 s 13,370,428
OPERATING TRANSFERS - OUT:
Placement alternative care 0 72,334 (72,334) (59,140)
TOTAL OPERATING TRANSFERS-OUT 0 72,334 (72,334) (59,140)
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER USES $ 0 $ (136,191) $ (136,191) $ (120,594)
69
880507
COUNTY OF WELD
STATE OF COLORADO
SPLCIAL RhVMNut FUNDS
FEDERAL REVENUE SHARING FUND
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Est mate Actual Variance Actual
INTERGOVERNMENTAL REVENUE: 1,113 $ 11,113 $ 0 $ 868,748
Federal revenue sharing $ 1
TOTAL REVENUE 11,113 11,113 0 868,748
OPERATING TRANSFERS - OUT: 0 (1,219,711)
Other operating transfers (11, 11,113
113) ( )
TOTAL OPERATING TRANSFERS-OUT (11,113) (11,113) 0 (1,219,711)
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND $ 0 $ 0 $ 0 $ (350,963)
OTHER USES
8995G1
70
COUNTY OF WELD
SPATE OF COLORADO
SPECIAL REVENUE HJNOS
CUNSEHVAIIUN 1RUST FOND
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate Actual Variance Actual
INTERGOVERNMENTAL REVENUE:
State lottery $ 162,736 $ 162,736 $ 0 S 138,069
Total Intergovernmental Revenue 162,736 162,736 0 138,069
MISCELLANEOUS REVENUE:
Earnings on deposit 0 4,754 4,754 4,983
Total Miscellaneous Revenue 0 4,754 4,754 4,983
TOTAL REVENUE 162,736 167,490 4,754 143,052
CULTURE AND RECREATION:
Land improvements 182,301 148,461 33,840 178,790
Total Culture and Recreation 182,301 148,461 33,840 178,790
TOTAL EXPENDITURES 182,301 148,461 33,840 178,790
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER USES 1----11122622. 1--1-1---9029 $ 38,594 $ (35,738)
,;: p 71 ��y
55050
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE kUNDS
CONTINGENT FUND
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate Actual— Variance Actual
TAXES: $ 950,723 $ 949,229 $ (1,494) $ 694,146
General property tax 61 158 (13,119) 48,198
Specific ownership taxes 74,277 0 5,359 5,359 3,703
Penalties & interest
Total Taxes 1,025,000 1,015,746 (9,254) 746,047
TOTAL REVENUE 1,025,000 1,015,746 (9,254) 746,047
OPERATING TRANSFERS - OUT: (1,025,000) (1,02 700,000)4,841) 159 (
Other
TOTAL OPERATING TRANSFERS-OUT (1,025,000) (1,024,841)
159 (700,000)
EXCESS OF REVENUE AND OT ER SOURCES
OVER (UNDER) EXPENDITURES AND $ 0 S (9,095) 1---i2-1-921)(9, 5) L---1-1--.6 047
OTHER USES
72
COUNTY OF WELD
STATE OF COLORADO
SP)CIAL RhVbNUE I' S
PUBLIC HEALTH FUND
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Ac— tual Variance Actual
LICENSES AND PERMITS:
Health license $ 750 $ 125 $ (625) $ 750
Animal licenses 0 0 0 50
Total Licenses and Permits 750 125 (625) 800
INTERGOVERNMENTAL REVENUE:
Grant 306,176 309,680 3,504 307,051
Health 27,095 26,868 (227) 27,476
Total Intergovernmental Revenue 333,271 336,548 3,277 334,527
CHARGES FOR SERVICES:
Charge for service 14,000 12,958 (1,042) 12,317
Protective inspection fees 10,850 7,621 (3,229) 12,295
Vital statistics 30,000 30,543 543 27,924
CC cultures 0 453 453 711
Clinic fees 29,875 51,173 21,298 30,282
Septic 40,000 43,931 3,931 53,628
Water 17,000 36,848 19,848 36,222
Total Charges for Services 141,725 183,527 41,802 173,379
MISCELLANEOUS REVENUE:
Car seat rentals 600 757 157 555
Other revenue 0 9 9 158
Car seat donations 0 855 855 0
Total Miscellaneous Revenue 600 1,621 1,021 713
TOTAL REVENUE 476,346 521,821 45,475 509,419
PUBLIC HEALTH AND WELFARE:
Public health administration 20,234 75,458 (55,224) 23,367
Nursing 808,916 800,999 7,917 747,316
Environmental Health 434,679 387,222 47,457 407,087
Total Public Health and Welfare 1,263,829 1,263,679 150 1,177,770
CAPITAL OUTLAY:
Public health administration 10,000 8,668 1,332 4,557
Nursing 2,600 639 1,961 600
Total Capital Outlay 12,600 9,307 3,293 5,157
TOTAL EXPENDITURES 1,276,429 1,272,986 3,443 1,182,927
OPERATING TRANSFERS - IN:
Non-Departmental 689,371 689,371 0 644,829
Environmental Health 6,000 0 (6,000) 0
TOTAL OPERATING TRANSFERS-IN 695,371 689,371 (6,000) 644,829
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER USES $ (104,712) $ (61,794) $ 42,918 $ (28,679)
as7OJo 7
COUNTY OF WELD
STATE OA' COLORADO
SPECIAL REVENUE FUNDS
ADMAN RESOURCES FUND
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Est mate Actual —Mr Actual
INTERGOVERNMENTAL REVENUE:
Contract payments revenue S 983,649 $ 940,801 $ (42,848) $ 717,102
Other revenue 114,500 15,823 (98,677) 13,611
Grant 2,737,015 2,227,980 (509,035) 2,297,159
Other governmental units 0 9,824 9,824 87
Total Intergovernmental Revenue 3,835,164 3,194,428 (640,736) 3,027,959
CHARGES FOR SERVICES:
Charge for service 0 304,367 304,367 181,090
Total Charges for Services 0 304,367 304,367 181,090
MISCELLANEOUS REVENUE:
Other revenue 0 1,638 1,638 0
Other revenue 0 15 15 0
Donations from private sources 0 100,350 100,350 92,402
Loan repayments 0 53 53 224
Welfare diversion 0 0 0 0
Total Miscellaneous Revenue 0 102,056 102,056 92,626
TOTAL REVENUE 3,835,164 3,600,851 (234,313) 3,301,675
ECONOMIC ASSISTANCE:
Human Resources 11,458 8,587 2,871 0
JTPA performance incentive 36,850 17,746 19,104 0
Dislocated farmers 99,902 49,850 50,052 98
JTPA 8% local distribution 16,838 13,331 3,507 11,367
JTPA 8% education coordination 10,484 10,484 0 33,139
JTPA 6% T.A.T. SDA to SDA 0 0 0 630
JTPA 6% training & tech assist 16,632 18,462 (1,830) 368
JTPA IIA 6% incentive 10,714 10,714 0 24,100
JTPA dislocated workers 22,681 25,313 (2,632) 41,647
JTPA older workers 59,913 34,903 25,010 34,894
6% TAT C.O. 50,000 44,639 5,361 0
JTPA discretionary School Dist. #6 0 0 0 7,268
MIS - tape 33,798 19,184 14,614 0
JTPA 8% youth 0 0 0 1,940
JTPA incentive 35,000 1,561 33,439 38,468
Wagner-Peyser 10% PY85 0 0 0 20,000
Summer youth 344,735 295,841 48,894 286,685
JTPA basic 804,564 724,315 80,249 743,173
Job service 224,908 269,221 (44,313) 176,200
Job service incentive funds 0 10,889 (10,889) 6,111
UI Training program 0 1,638 (1,638) 0
Head Start 511,843 563,542 (51,699) 533,357
Head Start handicap 20,271 20,271 0 19,228
Head Start T & TA 10,724 10,724 0 15,015
Headstart bilingual/multicltrl 25,300 16,141 9,159 15,000
Migrant Hdst/day care basic 406,390 385,594 20,796 306,194
CSA/CAP 152,207 147,859 4,348 148,767
Migrant Head Start-handicap 0 20 (20) 3,549
Head Start - high scope 9,121 3,377 5,744 6,904
Supplemental foods 107,582 94,140 13,442 140,854
Supplemental foods - elderly 18,865 18,865 0 0
DOE weatherization 14,500 14,683 (183) 15,930
OAA Area Agency 39,184 37,784 1,400 32,097
OAA Title III-B 161,927 121,797 40,130 135,946
AAA case management 22,500 21,509 991 0
AAA legal aide IIB 0 (204) 204 0
AAA Ombudsman II-B 0 (359) 359 0
(Continued on next page)
88051'7
74
COUNTY OF WELD
SPATE OF COLORADO
SPECIAL REVENUE 1UNDS
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate ActualVariance Actual
ECONOMIC ASSISTANCE (CONTINUED):
OAA Title III C-I congregate $ 136,620 $ 185,605 $ (48,985) $ 262,557
OAA Title III-C 34,409 64,319 (29,910) 58,534
NCBC training 0 108 (108) 381
Human resources general fund 0 172,810 (172,810) 200
Transportation 100,000 0 100,000 0
Welfare diversion 296,000 194,740 101,260 284,761
General administration allocation 0 0 0 0
EODS allocation 0 (399) 399 0
Non-EODS allocation 0 0 0 0
Transportation allocation 0 0 0 0
Total Economic assistance 3,845.920 3,629,604 216,316 3,405,362
CAPITAL OUTLAY:
JTPA 8% local distribution 0 3,506 (3,506) 0
JTPA older workers 0 4 (4) 130
6% TAT C.O. 0 5,360 (5,360) 0
MIS - tape 0 14,614 (14,614) 0
JTPA 8% youth 0 0 0 184
Summer youth 0 66 (66) 1,842
JTPA basic 0 223 (223) 1,603
Job service 0 729 (729) 4,706
Head Start 0 5,005 (5,005) 16,429
Migrant Hdst/day care basic 0 32 (32) 590
CSA/CAP 0 37 (37) 28
Supplemental foods 0 21 (21) 1,5966
DOE weatherization 0 2 (2)
OAA Area Agency 0 26 (26) 0
AAA case management 0 254 (254) 0
AAA legal aide IIB 0 204 (204) 0
AAA Ombudsman II-B 0 359 (359) 0
OAA Title III C-I congregate 0 11 (11) 162
OAA Title III-C 0 554 (554) 0
Transportation 0 195,564 (195,564) 63,382
EODS allocation 0 399 (399) 0
Total Capital outlay 0 226,970 (226,970) 90,668
TOTAL EXPENDITURES 3,845,920 3,856,574 (10,654) 3.496,030
OPERATING TRANSFERS - IN:
OAA Area Agency 10,756 10,756 0 10,756
Welfare diversion 0 375,028 375,028 423,081
TOTAL OPERATING TRANSFERS-IN 10,756 385,784 375,028 433,837
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND 0 1----12222a-130,0 $ 130,061 $ 239,482
OTHER USES $
880507
COUNTY OF WELD
STA'. LORiIO
SPECIAL REVENUE FUNDS
SOLID WASTE FUND
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate =bur .1[r ance Actual
CHARGES FOR SERVICES: 90,000 $ 16 5,180 .S.--21.11-10. 1--2-1-1--849
Landfill surcharge $
Total Charges for services 90,000 165,180 75,180 124,849
TOTAL REVENUE 90,000 165,180 75,180 124,849
MISCELLANEOUS: 90,000 25,922 64,078 24,871
Other operating transfers
Total Miscellaneous
90,000 25,922 64,078 24,871
TOTAL EXPENDITURES 90,000 25,922 64,078 24,871
OPERATING TRANSFERS - OUT: 0 (54,500) (54,500) (60.000)
Other operating transfers
TOTAL OPERATING TRANSFERS-OUT 0 (54,500) (54,500) (60,0(10)
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND $ 0 $ 84,758 $ 84,758 1--222-221.
OTHER USES
.
88®507
76
COUNTY OF WELD
STATE OF COLORADO
SPECIAL RhVLNUE FUNDS
HODS iNG AUTHORITY FUND
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Este ActualVariance Actual
INTERGOVERNMENTAL REVENUE:
Contract payments revenue $ 1,216,387 $ 926,251 $ (290,136) $ 626,880
CDBG loan proceeds 15,200 19,411 4,211 0
Total Intergovernmental revenue 1,231,587 945,662 (285,925) 626,880
MISCELLANEOUS REVENUE: 0 1,472 1,472 1,783
Earnings on deposit
Sale of assets 0 1,500 1,500 0
Total Miscellaneous revenue 0 2,972 2,972 1,783
TOTAL REVENUE 1,231,587 948,634 (282,953) 628,663
MISCELLANEOUS: 0 5,990 (5,990) 4,795
Other
General administration
Post-administrative expenses 6,250 8,177 (1,927) 6,250
Administrative expenses 54,979 21,798 33,181 34,344
General administration 43,682 32,066 11,616 21,777
Total Miscellaneous 104,911 68,031 36,880 69,451
ECONOMIC ASSISTANCE: 0 0 0 12,577
Program admin/rehab.
Housing assistance 471,936 365,582 106,354 249,734
Rehabilitation program 0 0 0 167,866
Housing vouchers preliminary 15,050 15,050 0 2,795
Housing voucher administrative 17,880 7,860 10,020 3,488
Housing voucher payments 186,634 172,921 13,713 29,947
947
Division of housing 11,316 23,158 (11,842)
Rental rehabilitation 21,336 14,298 7,038 31,667
CDBG contract payments 402,124 262,873 139,251 52,538
Total Economic assistance 1,126,276 861,742 264,534 557,454
CAPITAL OUTLAY: 0 3,986
General administration 0 0
General administration 600 157 443 0
Total Capital outlay 600 157 443 3,986
TOTAL EXPENDITURES 1,231,787 929.930 301,857 630,891
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER USES $ (200) $ 18,704 $ 18,904 L.--112-31)
88050/!
77
wupe
COLORADO
88054."7
78
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.
r14(4
'5 'lilt
use
COLORADO
8S05?"7
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1987
Capital Expenditures Fund:
This fund accounts for various capital improvement projects on County
property.
79
880507
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS BOND
cATTIMMTPEADITIMErTIND
BALANCE SHEET
December 31, 1987 and 1986
1987 1986
ASSETS
ASSETS:
Cash and short term investments $ 1,514,833 S 136,830
Cash - other 3,925 0
Receivables (net of allowance for uncollectibles):
Current property tax 532,000 259,046
Delinquent property tax 5,255 8,968
Accounts 1,030 0
Due from other county funds 80 23
Due from other governmental units 0 51,800
TOTAL ASSETS $ 2,057,123 $ 456,667
LIABILITIES AND FUND BALANCE
LIABILITIES:
Accounts payable $ 60,397 $ 38,638
Accrued liabilities 1,675 0
Due to other county funds 80 23
Deferred revenue 537,255 268,014
Retainage payable 72,014 25,440
Total Liabilities $ 671,421 $ 332,115
FUND BALANCE:
Reserve for encumbrances $ 144,351 $ 116,887
Designated to future yrs expense 1,241,351 0
Fund balance - undesignated 0 7,665
Total Fund Balance $ 1,385,702 $ 124,552
TOTAL LIABILITIES AND FUND BALANCE P.-24:-)52.22--23 $ 456,667
880507
80
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FONDS
ariTrEIPENITITOrNo
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Est mate Actual Variance Actual
TAXES:
General property tax $ 259,046 $ 261,987 $ 2,941 $ 553,409
Specific ownership taxes 18,445 16,700 (1,745) 38,520
Penalties & interest 0 1,463 1,463 2,960
Total Taxes 277,491 280,150 2,659 594,889
INTERGOVERNMENTAL REVENUE:
Grant 0 0 0 62,085
CHARGES FOR SERVICES:
Charge for service 0 6,155 6,155 10,040
Total Charges for Services 0 6,155 6,155 10,040
MISCELLANEOUS REVENUE:
Bond proceeds 299,500 317,000 17,500 0
Sale of assets 1,710,000 1,710,000 0 0
Total Miscellaneous Revenue 2,009,500 2,027,000 17,500 0
EARNINGS ON INVESTMENTS:
Earnings on deposit 0 1,030 1,030 0
Total Earnings on Investments 0 1,030 1,030 0
TOTAL REVENUE 2,286,991 2,314,335 27,344 667,014
MISCELLANEOUS:
Buildings 0 17,298 (17,298) 0
Total Miscellaneous 0 17,298 (17,298) 0
CAPITAL OUTLAY:
Buildings 1,294,879 1,034,212 260,667 922,462
Total Capital Outlay 1,294,879 1,034,212 260,667 922,462
DEBT SERVICE:
Buildings 0 1,675 (1,675) 0
Total Debt Service 0 1,675 (1,675) 0
TOTAL EXPENDITURES 1,294,879 1,053,185 241,694 922,462
OPERATING TRANSFERS - IN:
Non-Departmental 0 0 0 380,000
TOTAL OPERATING TRANSFERS-IN 0 0 0 380,000
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER USES P---19111--12. $ 1,261,150 1---2±112M. $ 124,552
81
580507
COLORADO
82
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.
Off
Elk
COLORADO
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1987
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.
Antelope Hills District:
This special assessment fund accounts for the Antelope Hills paving
project, including subsequent collection of the special assessment from
affected property owners. Financing was provided through an advance
from the General Fund and monies accumulated into the Antelope Hills
Trust Fund. The size of the improvement district made bond financing
impractical.
Indianhead District:
This special assessment fund accounts for the Indianhead Subdivision
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.
83
880507
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMCN2 kONDS
COMBINING BALANCE SHEET
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
Improvement
District Improvement Antelope
Number 1981-2 District Hills Special
Elmore Road Road - 5 Assessment
ASSETS
ASSETS:
Cash and short term investments $ 3,303 $ 47,229 $ 3,222
Special assessment 3,373 875,000 16,842
0 0
Due from other county funds0
TOTAL ASSETS L.----t,676 1--912-1222. $ 20,064
LIABILITIES AND FUND BALANCE
LIABILITIES:
Due to other county funds $ 0 $ 0 S 0
Deferred revenue 2,530 800,000 14,970
Advance from other funds 3,373 75,000 16,842
Bonds payable 0 700,000 0
Total Liabilities $ 5,903 $ 1,575,000 $ 31,812
FUND BALANCE(DEFICIT):
Fund balance - undesignated $ 773 Lain) 1--W-2-- 7L-'8)
Total Fund Balance (Deficit) $ 773 $ (652,771) 1-2-2-3.-:22±)
TOTAL LIABILITIES AND FUND BALANCE $ 6,676 $ 922,229 $ 20,064
•
880501
84
Indian Memorandum Total
Head Special December 31 December 31
Assessment 1987 1986
$ 0 S 53,754 $ 56,171
7,056 902,271 1,006,758
8,749 8,749 42,030
$ 15,805 $ 964,774 $ 1,104,959
$ 8,749 $ 8,749 $ 60,538
6,350 823,850 928,110
7,056 102,271 106,758
0 700,000 800,000
I-21,155 $ 1,634,870 L1,895,406.
$ (6,350) $ (670,096) $ (790,447)
$ (6,350) $ (670,096) $ (790,447)
$ 15,805 .%-.1612-1. 774 La-' 59
880507
85
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSES-SMENi-r ONDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
Improvement
District Improvement Antelope
Number 1981-2 District Hills Special
Elmore Road Road - 5 Assessment
REVENUES: 1,872 $S750 $ 12,579
Miscellaneous $
EXPENDITURES: 0 0 0
Capital outlay 0 72,500 0
Debt service
Total Expenditures 0 72,500 0
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 1,872 112,250 12,579
OTHER FINANCING SOURCES: 0 0 0
Operating transfers - in
TOTAL OTHER FINANCING SOURCES 0 0 0
EXCESS OF REVENUES AND OTHER SOURCES 12 Sig
OVER (UNDER) EXPENDITURES 1,872 112,250 >
FUND BALANCE AT BEGINNING OF YEAR (1,099) (765,021) (24,327)
FUND BALANCE AT END OF YEAR $ 773 $ (652,771) $ (11,748)
13805C1
86
Indian Memorandum Total
Head Special December 31 December 31
Assessment 1987 1986
$ 706 $ 199,907 S 205,499
8,749 8,749 57,503
0 72,500 81,776
8,749 81,249 139,279
(8,043) 118,658 66,220
1,693 1,693 30,474
1,693 1,693 30,474
(6,350) 120,351 96,694
0 (790,447) (887,141)
$ (6,350) S211) S (790,447)
88050"7
87
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT FUNDS
I 5
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate ActualVarianceActual
MISCELLANEOUS REVENUE:
Earnings on deposit $ 84,750 $ 84,750 $ 0 $ 99,938
Special assessments 100,000 100,000 0 100,000
Total Miscellaneous Revenue 184,750 184,750 0 199,938
TOTAL REVENUE 184,750 184,750 0 199,938
DEBT SERVICE:
Improvement districts 184,750 72,500 112,250 80,750
Total Debt Service 184,750 72,500 112,250 80,750
TOTAL EXPENDITURES 184,750 72,500 112,250 80,750
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER USES $ 0 $ 112,250 $ 112,250 $ 119,188
880507
88
COUNTY OF WELD
SliarartrannaDO
SPECIAL ASSE:SSMENt FINDS
IMPROVEMENT DISTRICT NOMBhR 1981-2 ELMORE ROAD
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Est mate Actual Variance Actual
MISCELLANEOUS REVENUE:
Earnings on deposit $ 650 $ 620 $ (30) $ 1,026
Special assessments 1,253 1,252 (1) 1,832
Total Miscellaneous Revenue 1,903 1,872 (31) 2,858
TOTAL REVENUE 1,903 1,872 (31) 2,858
DEBT SERVICE:
Improvement districts 0 0 0 1,026
TOTAL EXPENDITURES 0 0 0 1,026
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER USES $ 1,903 $ 1,872 $ (31) $ 1,832
89
880507
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT ANDS
ANTELOPE HILLS SPECIAL ASSESSMENT
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
-Warr Actual ar ance Actuate
MISCELLANEOUS REVENUE: 3300 $ 3,223 $ (77) $ 0
Earnings on deposit $ 9,360 3,226 (4) 2.700
Special assessments
Total Miscellaneous Revenue 12,660 12,579 (81) 2,703
TOTAL REVENUE 12,660 12,579 (81) 2,703
CAPITAL OUTLAY: 57,503
Improvement districts 0 0 0
TOTAL EXPENDITURES 0 0 0 57,503
OPERATING TRANSFERS - IN: 0 30,474
Non-Departmental 0 0
TOTAL OPERATING TRANSFERS-IN 0 0 0 30,474
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER USES $ 12,660 S 1 ,
2579 $ (81) $ (24,326)
90 880507
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT FUNDS
INDIAN HEAD SPECIAL ASSESSMENT
Schedule of Revenues and Expenditures, Budget and Actual
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate Actual Variance Actual
MISCELLANEOUS REVENUE:
Special assessments $ 7,056 $ 706 $ (6,350) $ 0
Total Miscellaneous Revenue 7,056 706 (6,350) 0
TOTAL REVENUE 7,056 706 (6,350) 0
CAPITAL OUTLAY: 0
Improvement districts 8,750 8,749 1
Total Capital Outlay 8,750 8,749 . 1 0
TOTAL EXPENDITURES 8,750 8,749 1 0
OPERATING TRANSFERS - IN: 0
Non-Departmental 1,694 1,693 (1)
TOTAL OPERATING TRANSFERS-IN 1,694 1,693 (1) 0
EXCESS OF REVENUE AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND OTHER USES $ 0 $ (6,350) $ 350
(6, ) $ 0
91
880507
ottig‘tr
COLORADO
92
ENTERPRISE
FUNDS
Enterprise Funds are used to account for operations that are financed
and operated in a manner similar to private business enterprises - where the
intent of the governing body is that the costs of providing goods or
services to the general public on a continuing basis be financed or
recovered primarily through user charges.
COLORADO
880507
COUNTY OF WELD
STATE OF COLORADO
ENTERPRISE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1987
Ambulance Fund:
This fund accounts for the ambulance services provided to Weld County.
93
880507
COUNTY OF WELD
STATE-OF COLORADO
ENTERPRISE FUND
BALANCE SHEET
December 31, 1987
1987
ASSETS
ASSETS:
Cash and short term investments $ 67,904
Accounts - Ambulance service 204,661
Accounts 4,052
Due from other county funds 90,415
Total Current Assets 367,032
FIXED ASSETS:
Machinery and equipment 31,717
Accumulated depreciation (6,476)
Total Fixed Assets 25,241
TOTAL ASSETS $ 392,273
LIABILITIES AND FUND EQUITY
LIABILITIES:
Accounts payable $ 6,999
Accrued liabilities 66,856
Due to other county funds 39,904
Total Liabilities $ 113,759
FUND EQUITY:
Contributed capital $ 19,762
Retained earnings 258,752
Total Fund Equity $ 278,514
TOTAL LIABILITIES AND FUND EQUITY $ 392,273
94 880507
COUNTY OF WELD
STATE OF COLORADO
ENTERPRISE }UND
AMBULANCE FUND
Schedule of Operating Revenues Compared with Estimate
December 31, 1987
1987 1987 1987
Estimate ctuaVariance
OPERATING REVENUE: $ 876,462 $ 1,192,479 $ 316,017
Rescue unit fees
TOTAL OPERATING REVENUE P----8214--142. $S79 S 316,017
Schedule of Non-Operating Revenues Compared with Estimate
December 31, 1987
1987 1987 1987
Estimate Actual Variance
NONOPERATING REVENUE: $ 0 $ 1,262 $ 1,262
Other revenue 0 1,450 1,450
Donations 110,038 0 (110,038)
In kind
TOTAL NONOPERATING REVENUE 1.-122421t $ 2,712 $ (107,326)
Schedule of Expenditures Compared with Budget
December 31, 1987
1987 1987 1987
Budget ActualVariance
OPERATING EXPENSES:Personnel services $ 666,128 $ 675,916 $ (9,788)
35,173 36,592 (1,419)
Contractual services 42,480 31,830 10,650
Supplies 8,120 6,885 1,235
Heat, light, and power 70,044 88,629 (18 585)
Repair and maintenance 21,689 15,000 6,689
Insurance and bonds
Other expenses 112,866 313,477 (200,611)
Depreciation expense 0 6,928 (6,928)
TOTAL EXPENDITURES $ 956,500 $ 1,175,257 $ (218,757)
Schedule of Fixed Asset Acquisitions Compared with Budget
December 31, 1987
1987 1987 1987
Budget Actual Variance
FIXED ASSET ACQUISTIONS:
Capital outlay L----La 1---212--- 73.2 $ (1,717)
TOTAL FIXED ASSET ACQUISITION 2----311222. $ 31,717 $ (1,717)
880507 95
COUNTY OF WELD
STATE OF COLORADO
ENTERPRISE AOND
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1987
1987 1987 1987
Estimate Actual Variance
OPERATING TRANSFERS-IN: $ 0 $ 110,038 $ 110,038
General Fund
Total Operating Transfers-in $
0 $ 110,038 $ 110,038
96 880507
INTERNAL SERVICE
FUNDS
Internal Service Funds are established to account for goods and
services provided to other departments of the County on a
cost-reimbursemeut basis.
iii,
wilpe
COLORADO
apt.'
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1987
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 costsassociated
w the ooiin
th providing
tion oprinting services and the supply and stores
funComputer 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.
PBX Fund:
This fund accounts for all phone costs provided to the County and other
outside agencies on a cost reimbursement basis.
97
880507
COUNTY OF WELD
STATE OF COLORADO
INT)RNAL StRV10E iUNDS
COMBINING BALANCE SHEET
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
Computer
Motor Vehicle Printing and Services
Fund Supply Fund Fund
ASSETS
CURRENT ASSETS:
Cash and short term investments $ 526,654 $ 60,802 S 333,754
Cash - other 0 0 0
Receivables (net of allowance
for uncollectibles):
Current property tax 0 0 0
Delinquent property tax 0 0 0
Accounts 871 1,214 39,323
Due from other county funds 323,996 25,778 175,978
Inventories 25,353 122,238 0
Prepaid expenses 0 8,244 3,010
Total Current Assets 876,874 218,276 552,065
FIXED ASSETS:
Land 712,970 0 0
Buildings 750,220 0 0
Improvements other than buildings 19,345 0 0
Machinery and equipment 9,565,416 81,837 2,018,134
Accumulated depreciation (5,619,549) (53,278) (1,301,168)
Total Fixed Assets 5,428,402 28,559 716,966
Total Assets $ 6,305,276 $ 246,835 $ 1,269,031
LIABILITIES AND FUND EQUITY
LIABILITIES
Accounts payable $ 167,879 $ 6,787 $ 8,119
Accrued liabilities 0 4,661 149,109
Due to other county funds 11,012 26 2,251
Deferred revenue 0 0 29,981
Advance from other funds 0 80,000 0
Total Liabilities I-22,891 L-112--- 474- $ 189,460
FUND EQUITY:
Contributed capital $ 5,023,933 $ 120,946 $ 565,155
Retained earnings 1,102,452 34,415 514,416
Total Fund Equity $ 6,126,385 $ 155,361 $ 1,079,571
TOTAL LIABILITIES AND FUND EQUITY 1-±22.2122 _$_-26.-.2--' 835. $ 1,269,031
98 880501
Memorandum Total
Insurance PBX December 31 December 31
Fund Fund 1987 1986
$ 548,843 $ (12,991) $ 1,457,062 $ 1,446,733
7,500
0 7,500 7,500
511,095 0 511,095 5954 11,095
095
8,954 0 55,239 56,556
4,030 29,827 595,562 393,329
39,983 0 0 147,591 174,909
192,051 0 203,305 199,597
1,312,456
26,637 2,986,308 2,802,124
O 0 712,970 694,381
O 0 750,220 697,203
0 0 19,345 11,149,19719 345
O 85,106 11,750,493
0 (27,659) (7,001,654) (6,307,340)
0 57,447 6,231,374 6,252,786
L1,312,456 $ 84,084 $ 9,217,682 $ 9,054,910
$ 587,182 $ 8,057 $ 778,024 $ 645,320
O 6,524 160,294 169,793
0 38,280
520,049 3,202 0 550,030 543,500
O 0 80,000 43 500
$ 1,107,231 1--- 3-2122 $ 1,584,839 $ 1,476,893
$ 0 $ 74,467 $ 5,784,501 $ 5,712,895
205,225 (8,166) 1,848,342 1,865,122
$ 205,225 $ 66,301 $ 7,632,843 L2-0222212
$S2456 $ 84,084 $ 9,217,682 1.....225
•
99
880507
COUNTY OF WELD
S'T'ATE OF COLORADO
INTERNAL SERVICE FUNDS
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
Computer
Motor Vehicle Printing and Services
Fund Supply Fund Fund
OPERATING REVENUE:
Charges for services $ 2,406,645 $ 156,167 L-2.4.222-2--- 180
Total Operating Revenue 2,406,645 156,167 2,071,180
OPERATING EXPENSES:
Personnel services $ 0 $ 55,637 $ 1,215,638
Contractural services 1,181,202 2,103 371,981
Supplies 285,522 73,739 46,437
Heat, light, and power 40,878 281 13,558
Repair and maintenance 68,618 15,274 119,641
Insurance and bonds 0 0 0
Claims 0 0 0
Other expenses 5,639 0 0
Depreciation expense 939,389 6,590 319,360
Total Operating Expenses 2,521,248 153,624 2,086,615
OPERATING INCOME (LOSS) (114,603) 2,543 (15,435)
NON-OPERATING INCOME (LOSS): 0 $ 0 $ 0
Taxes $ 0
Miscellaneous revenue 0 0
Farm income 1,803 0 0
Gain (loss) on sale of assets 90,672 0 (865)
Earnings on investments 0 0 0
Interest expense 0 0 0
Judgements and damages 0 0
Total Non-Operating Income (Loss) 92,475 0 (865)
OTHER FINANCING SOURCES: 0 $ 100,000
Operating transfers - in $ 0 $
NET INCOME (LOSS) (22,128) 2,543 83,700
RETAINED EARNINGS AT BEGINNING OF YEAR 1,124,580 31,872 430,716
RETAINED EARNINGS AT END OF YEAR $S.52. $ 34,415 $ 514,416
880507
100
Memorandum Total
Insurance PBX December 31 December 31
Fund Fund 1987 1986
$ 73,533 S 380,462 $ 5,087,987 $ 4,588,229
73,533 380,462 L-5- (1311211 $ 4,588,229
$ 0 $ 78,516 $ 1,349,791 $ 1,319,135
19,415 54,558 1,629,259 1,451,478
2,279 1,103 409,080 340,802
0 175,228 229,945 238,610
O 39,941 243,474 224,723
478,669 0 478,669 372,345
285,647 0 285,647 132,136
O 5,069 10,708 35,391
0 8,511 1,273,850 1,245,277
786,010 362,926 $ 5,910,423 L112.512222.
(712,477) 17,536 (822,436) (771,668)
$ 548,693 $ 0 $ 548,693 $ 546,921
0 108 108 0
O 0 1,803 2,807
O 0 89,807 11,329
22,320 0 22,320 37,661
0 (17,303) (17,303) (20,094)
60,228 0 60,228 30,492
631,241 (17,195) 705,656 609,116
$ 0 , $ 0 $ 100,000 $ 0
(81,236) 341 (16,780) (162,552)
286,461 (8,507) 1,865,122 2,027,674
$ 205,225 $ (8,166) .2-23f-L---1.8 342 $ 1,865,122
p101
88050wry
COUNTY OF WELD
STATE OF COLORADO
INTrETATE7117DS
COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL
December 31, 1987
Computer
Motor Vehicle Printing & Services
Fund Supply Fund Fund PBX Fund Total
CONTRIBUTED CAPITAL
January 1, 1987 S 4,952,327 $ 120,946 $ 565,155 $ 74,467 $ 5,712,895
Add:
1987 contributions from 0 71,606
Capital Expenditures Fund 71,606 0 0
CONTRIBUTED CAPITAL,
December 31, 1987 $ 5,023,933 $ 120,946 $ 565,155 $ 74,467 S 52784,501
8805C1
102
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE I S
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
December 31, 1987
Computer
Motor Vehicle Printing & Services Insurance
PBX Fund Total
Fund Supply Fund Fund Fund
WORKING CAPITAL
PROVIDED: S 2,543 $ 83,700 $ (81,236) $ 341 $ (16,780)
Net Income(loss) $ (22128)
Items which did not
require outlay of
working capital: 939,389 6,590 319,360 0 8,852 1,273,850
Depreciation
(Gain) on sale of 88,942) 0 (865) 0 0 (69,807)
fixed assets
Working capital pro-
vided by operations 828,319 9,133 ,
Contribuitons from Capital 71,606 0 0 0 0 71,606
Expenditures Fund
Proceeds from sale 172,045 0 2,230 0 0 174,275
of assets
Total Working 0 0 1,413,144
Capital Provided 1,071,970 9,133 404,425
WORKING CAPITAL APPLIED:
Acquisition of 1 171 313 8,656 156,935 0 0 1,336,904
fixed assets
Total Working 0 0 1,336,904
Capital Applied 1,171,31 56 3 8,6 16,5935
INCREASE (DECREASE) 477 $ 247,490 $ (81,236) $ 8,852 $ 76,240
IN WORKING CAPITAL $ (99,343) $
CHANGES IN COMPONENTS
OF WORKING CAPITAL:
Increase (decrease)
in current assets:
Cash & short term
investments $ (187,440) $ 41,979 $ 77,381 $ 29,620 $ 48,791 $ 10,331
Receivables: 384 410 13,730 (9,683) (6,158) (1,317)
Accounts
Property taxes 0 0 0 (3,451) 0 (3,451)
(delinquent)
Due from other 0 0 0 (27,318)
0
county funds 153,672 (9,081) 56,256 35,195 (33,809) 202,233
Inventories 7,745 (35,063)
Prepaid and other 0 0 3,010 698 0 3,708
assets
Net increase (decrease)
in current assets (25,639) (1,755 150,377 52,379 8,824 184,1 6
(Increase) decrease
in current liabilities:Accounts payable (63,760)63 760 (3,622) 69,688 (137,066) 2,056 (132,704)
' 0 (746) 9,075 0 1,168 9,497
Accrued liabilties
Due to other county (9,944) 6,600 28,331 0 (3,196) 1,791)
funds 1,791
0 0 (9.981) 3,451
0
Deferred revenue
Net (increase)
decrease in current 2, 97,113 (133,615) 28 (107,946)
liabilities (73,704) 232
INCREASE (DECREASE) 477 $ 247,490 $ (81,236) S____12122_ $ 76,240
IN WORKING CAPITAL $ (99,343) $
103
880507
COUNTY OF WELD
STATE OF COLORADO
INThRNAL SERVICE PONDS
MOTOR VEHICLE FUND
Schedule of Operating Revenues Compared with Estimate
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate ActualVariance Actual
OPERATING REVENUE: $ 1,568,189 $ 1,467,256 $ (100,933) S 1,255,390
Charge for service 926 792 939,389 12,597 891,324
Depreciation > 0 0 0 0
r
Miscellaneous revenue 0 0 0 62,835
Other revenue
TOTAL OPERATING REVENUE $ 2,494,981 $ 2,406,645 $ (88,336) L.2..2212122!—.9
Schedule of Non-Operating Revenues Compared with Estimate
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986 1987 1987 1987 1986
Estimate Actual Variance Actual
NONOPERATING REVENUE: $ 0 $ 1,803 $ 1,803 $ 2,807
Rents from land 98,465 8,277 (90,188) 15,367
Sale of assets 0 0 0 6,206
Compensation for loss 0 82,395 82,395 (4,038)
Gain on sale of assets
TOTAL NONOPERATING REVENUE $ 98,465 $ 92,475 $ (5,990) 1---222--.2
Schedule of Operating Expenses Compared with Budget
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Budget Actual Variance Actual
OPERATING EXPENSES:Contractural services $ 1,124,043 $ 1,181,202 $ (57,159) $ 996,815
Supplies300000 285,522 14,478 221,942
45,000 40,878 4,122 35,012
Heat, and maintenance light, and power 99,146 68,618 30,528 74,406
Repair > 0 5,639 (5,639) 26,228
Other expenses 926,792 939,389 (12,597) 891,324
Depreciation expense
TOTAL OPERATING EXPENSES 1-22S94,981 1-.2a—' 211.5. $ (26,267) $ 2,245,727
Schedule of Fixed Asset Acquisitions Compared with Budget
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 . 1986
BudgetActual Variance Actual
FIXED ASSET ACQUISTIONS: $ 1,0 25,257 $ 1,171,313 1-2-i-2--1.61356 $ 905,716
Capital outlay
TOTAL FIXED ASSET ACQUISITION $ 1,025,257 $ 1,171,313 $ 146,056 $ 905,716
880507
104
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE IUNbS
PRINTING AND SUPPLY FUND
Schedule of Operating Revenues Compared with Estimate
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate Actual Variance Actual
OPERATING REVENUE:
Charge for service $ 96,000 $ 111,996 $ 15,996 $ 108,344
Sale of supplies 46,000 44,149 (1,851) 48,828
Other revenue 0 22 22 4,455
TOTAL OPERATING REVENUE $S2 $ 156,167 $ 14,167 $ 161,627
Schedule of Operating Expenses Compared with Budget
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Budget Actual Variance Actual
OPERATING EXPENSES:
Personnel services $ 55,750 S 55,637 $ 113 $ 51,392
Contractural services 290 2,103 (1,813) 70
Supplies 58,229 73,739 (15,510) 79,076
Heat, light, and power 0 281 (281) 209
Repair and maintenance 12,400 15,274 (2,874) 16,809
Other expenses 1,500 0 1,500 1,215
Depreciation expense 9,831 6,590 3,241 8,232
TOTAL EXPENSES $ 138,000 $S.- $ (15,624) 1---2-1-37022
Schedule of Fixed Asset Acquisitions Compared with Budget
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Budget Act— arm iance Actual
FIXED ASSET ACQUISTIONS:
Capital outlay 1.----b--. 000 $ 8,656 1..-.. ..2--' 65€1) 1-.-....12--. 242
TOTAL FIXED ASSET ACQUISITION $ 4,000 $ 8,656 ..$---E-2-' 656) $ 1,242
105 .
880507
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FONDS
COMPUTER SERVICES FUND
Schedule of Operating Revenues Compared with Estimate
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate =Err Variance Actual--
OPERATING REVENUE: $ 1,851,857 $ 1,972,013 $ 120,156 $ 1,782,371
Charge for service 13
103,291 99,167 (4,124) ,898
Charge for service
TOTAL OPERATING REVENUE $ 1,955,148 $ 2,071,180 $ 116,032 $ 1,796,269
Schedule of Non-Operating Revenues Compared with Estimate
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate Actual Variance Actual
NONOPERATING REVENUE: 0 $ 500 $ 500 $ 0
Gain on sale of assets $ 0 (1,500) (1,500) 0
Loss on sale of assets
TOTAL NONOPERATING REVENUE $
0 $ (865) $ (865) $ 0
Schedule of Operating Expenses Compared with Budget
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Budget ActualVariance Actual
OPERATING EXPENSES:
Personnel services $ 1,223,016 $ 1,215,638 $ 7,378 $ 1,170,092
Contractural services 404,916 371,981 32,935 357,358
45 350 46,437 (1,087) 39,084
Supplies 12,828 13,558 (730) 12,270
Heat, light, and pane 123,431 119,641 3,790 109,696
Repair and maintenance 300,000 —32.9-219- (1 9,360) 337,210
Depreciation expense
TOTAL EXPENSES $ 2,109,541 $ 2,086,615 $ 22,926 $ 2,025,710.
Schedule of Fixed Asset Acquisitions Compared with Budget
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Budget
Actual Variance Actual
FIXED ASSET ACOUISTIONS: $ 133,056,935 $ (23,928) S 129.482
Capital outlay 07 $ 1 129,482
TOTAL FIXED ASSET ACQUISITION $ 133,007 §--2a12-31 $ (23,928) $
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
EstimateActual Var ance Actual
OPERATING TRANSFERS - IN: 1-102:2-91 1 ,000 $ 100,000 $ 0 $ • 0
Non-Departmental
TOTAL OPERATING TRANSFERS-IN S
100,000 §-n100,00 $ 0 $ 0
880507
106
COUNTY OF WELD
STATE OF COLORADO
I S
INSURANCE FLND
Schedule of Operating Revenues Compared with Estimate
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate ra Variance Actual
OPERATING REVENUE:
Charge for service L-5,250. $ 73,533 $ 68,283 $ 50,000
TOTAL OPERATING REVENUE L.---5-12j2. $ 73,533 $ 68,283 $ 50,000
Schedule of Non-Operating Revenues Compared with Estimate
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate Actual Variance Actual
NONOPERATING REVENUE:
General property tax $ 511,095 $ 512,895 S 1,800 $ 508,936
Specific ownership taxes 38,500 32,914 (5,586) 35,275
Penalties & interest 0 2,884 2,884 2,710
Earnings on deposit 29,000 22,320 (6,680) 37,661
Compensation for loss 20,000 60,228 40,228 24,286
TOTAL NONOPERATING REVENUE $ 598,595 $ 631,241 $ 32,646 8 608,868
Schedule of Operating Expenses Compared with Budget
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Budget Actual Variance Actual
OPERATING EXPENSES:
Contractural services $ 20,500 $ 19,415 $ 1,085 $ 67,713
Supplies 1,100 2,279 (1,179) 65
Insurance and bonds 464,884 478,669 (13,785) 372,345
Claims 450,250 285,647 164,603 132,136
TOTAL EXPENSES $ 936,734 L-786,210 $ 150,724 $ 572,259
88b07
COUNTY OF WELD
STATE OF COLORADO
I S
PBX FUND
Schedule of Operating Revenues Compared with Estimate
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate Actual Variance Actual
OPERATING REVENUE:Charge for service $ 376 720 S 324,250 $ (52,470) $ 318,944
51,534 56,212 4,678 51,840
Charge for service
TOTAL OPERATING REVENUE $ 428,254 1-28-221—'62 $ (47,792) $ 370,784
Schedule of Non-Operating Revenues Compared with Estimate
December 31, 1987
With Comparative Actual' mounts For Year Ended December 31, 1986
1987 1987 1987 1986
EstimateActual Var ance Actual
NONOPERATING REVENUE: $ 0 $ 108 $ 108 $ 0
Otherrevenue (29,592) 0 29,592 (731)
Principal (17,855) (17,303) 552 (19,363)
Interest
TOTAL NONOPERATING REVENUE §-2--2--1741.7)7447) 1-12-7--"73t5)7195) 1-2222-52. $ (20,094)
Schedule of Operating Expenses Compared with Budget
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 - 1986
Budget Actual Variance Actual
OPERATING EXPENSES:Personnel services $ 78,450 $ 78,516 $ (66) $ 97,651
,
Contractural services 56,502 54,558 1,944 29,522
Supplies 891 1,103 (212)
Heat, light, and power 184,430 175,228 9,202 191,119
Repair and maintenance 42,876 39,941 2,935 23,812
Other expenses 7,658 5,069 2,589 7,948
Depreciation expense 10,000 8,511 1,489 8,511
TOTAL EXPENSES $ 380,807 $ 362,926 $ 17,881 $ 359,198
108
880507
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
fur individuals, governmental entities and non—public organizations.
p
if
WI`oc.
COLORADO
886,57?
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1987
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 in trust for employees and the
County for the self-insured health insurance coverage. Revenue is
generated from contributions from both employees and the County as
the employer, and disbursements are made after insuring claims
have been approved by our independent insurance adjuster.
Employee Flexible Spending Fund:
This fund accounts for the voluntary tax deferred payment of
unreimbursed insurance claims. Requet for payment must be
incurred and paid for the current calendar year.
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.
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.
880507 109
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
COMBINING BALANCE SHEET
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
Weld County North Colorado Health Employee
Retirement Medical Insurance Flexible
Fund Trust Fund Fund Spending
ASSETS
ASSETS:
Cash and short term
investments $ 140,962 $ 2,829,106 $ 859,323 $ 4,964
Cash - other 127,395 0 0 0
Investments 19,869,057 0 0 0
Delinquent property tax 0 1,965 0 0
Accounts 225,408 31,063 7,670 0
Due from other county funds 0 0 0 0
Prepaid expenses 58,770 0 0 0
Prepaid and Other Assets 0 0 0 0
TOTAL ASSETS $ 201--121L03. $ 2,862,134 $ 866,993 1.---1-1--4964
LIABILITIES AND FUND BALANCE
LIABILITIES:
Voucher and warrants
payable $ 91,420 $ 0 $ 0 $ 0
Accounts payable 0 0 216,631 3,551
Due to other governments 0 0 0 0
Due to other county funds 1,140 0 6,079 1,413
Deferred revenue 0 1,965 0 0
Deferred compensation
payable 0 0 0 0
Total Liabilities $ —'22,12t-D 1,965 L_...232.1112 $ 4,964
FUND BALANCE:
Reserve for encumbrances $ 0 $ 0 $ 60 S 0
Reserve for employee
benefits 20,121,007 0 0 0
Fund balance - undesignated 208,025 2,860,169 644,223 0
Total Fund Balance $ 20,329,032 1-20±2.2341 $ 644,283 $ 0
TOTAL LIABILITIES AND
FUND BALANCE $ 20,421,592 $ 2,862,134 1-222222. $ 4,964
110
880507
General Payroll Deferred
Agency Agency Compensation December 31 December 31
Fund Fund Fund 1987 1986
$ 3,143,978 $ 421,419 $ 0 $ 7,399,752 $ 9,360,748
O 0 0 127,395 9,496
O 0 663,105 20,532,162 20,314,295
O 0 0 1,965 7,787
O 307 0 264,448 232,968
0 4,898 0 4,898 6,249
O 0 0 58,770 40,907
O 0 0 0 107
$ 3,143,978 $ 426,624 1—..f:§222-21 $ 28,389,390 $ 29,972,557
$ 0 $ 426,554 $ 0 $ 517,974 $ 507,285
O 0 0 220,182 107,391
3,143,978 0 0 3,143,978 3,497,049
O 70 0 8,702 4,892
O 0 0 1,965 7,787
O 0 663,105 663,105 509,526
$ 3,143,978 $ 426,624 1.---M3,105 $ 4,555,906 $ 4,633,930
$ 0 $ 0 $ 0 $ 60 $ 0
O 0 - 0 20,121,007 20,121,007
0 0 0 3,712,417 5,217,620
$ 0 $ 0 $ 0 $ 23,833,484 $ 25,338,627
$ 3,143,978 $ 426,624 - $ 663,105 $ 28,389,390 $ 29,972,557
880507
111
COUNTY OF WELD
STATE Ok COLORADO
TRUST AND AGENCY FORDS
STATEMENT OF REVENUES EXPENSES AND CHANGES IN FUND BALANCES -
ALL PENSION TRUST FUNDS
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
Weld County Retirement Fund
1987 1986
OPERATING REVENUE:
Earnings on investments $ 1,844,039 $ 3,105,919
Appreciation (depreciation) in fair market
value of investments (2,369,532) (507,173)
Contributions 1,675,355 1,487,861
Total Operating Revenue 1,149,862 4,086,607
OPERATING EXPENSES:
Benefit payments $ 602,568 $ 464,517
Refunds 230,810 246,809
Audit fees 1,140 3,704
Actuarial fees 24,789 23,236
Trustee fees 70,896 72,554
Other expenses 11,634 17,358
Total Operating Expenses 941,837 828,178
INCOME BEFORE OPERATING TRANSFERS 208,025 3,258,429
OTHER FINANCING SOURCES:
Operating transfers - in $ 0 $ 3,704
NET INCOME 208,025 3,262,133
FUND BALANCE AT BEGINNING OF YEAR 20,121,007 16,858,874
FUND BALANCE AT END OF YEAR $ 20,329,032 $ 20,121,007
880507
112
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL PENSION TRUST AONDS
December 31, 1986
Weld County
Retirement Fund
WORKING CAPITAL PROVIDED:
Net Income $ 208,025
Working capital provided by operations 208,025
INCREASE (DECREASE) IN WORKING CAPITAL $ 208,025
CHANGES IN COMPONENTS OF WORKING CAPITAL:
Increase (decrease) in current assets:
Cash and short term investments $ 17,189
Cash - other 120,399
Investments 64,288
Receivables (7,003)
Prepaid and other assets 17,863
Net increase (decrease) in current assets 212,736
(Increase) decrease in current liabilities:
Accounts payable (3,571)
Due to other county funds (1,140)
Net (increase) decrease in current liabilities (4,711)
INCREASE (DECREASE) IN WORKING CAPITAL $ 208,025
113
880507
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, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
North Colorado Health Employee
Medical Center Insurance Flexible December 31 December 31
Trust Fund Fund Spending 1987 1986
REVENUES:
Taxes $ 2,377 $ 0 $ 0 $ 2,377 $ 312,938
Miscellaneous 0 924,209 125,805 1,050,014 890,154
Earnings on investments 290,355 64,799 0 355,154 329,871
Total Revenues $ 292,732 1-9-§122-C. $ 3—a. $ 1,407,545 S 1,532,963
EXPENDITURES:
Contractual services $ 0 $ 120,767 $ 0 $ 120,767 $ 114,112
Supplies 0 11,371 0 11,371 22,810
Insurance and bonds 0 0 0 0 31,293
Claims 0 1,152,770 0 1,152,770 742,447
Other expenses 1,710,000 0 125,805 1,835,805 69,704
Total Expenditures $ 1,710,000 $ 1,284,908 $ 125,805 $ 3,120,713 S 980,366
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (1,417,268) (295,900) 0 (1,713,168) 552,597
OTHER FINANCING SOURCES: 0 $ (15,474)
Operating transfers - out $ 0 $ 0 $ 0 $
Total Other Financing
Sources $ 0 $ 0 $ 0 S 0 a)
EXCESS OF REVENUES AND OTHER
SOURCES OVER (UNDER)
EXPENDITURES AND
OTHER USES (1,417,268) (295,900) 0 (1,713,168) 537,123
FUND BALANCE AT BEGINNING
OF YEAR 4,277,437 940,183 0 5,217,620 4,680,497
FUND BALANCE ATEND OF YEAR $ 2,860,169 $ 644,283 $ 0 $ 3,504,452 $ 5,217,620
880507
114
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY tUNDS
NORTH CO UST FUND
Schedule of Revenues Compared with Estimate
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate Actual— Variance Ac— t—ual
TAXES:
General property tax $ 0 $ 767 $ 767 $ 291,241
Specific ownership taxes 0 0 0 20,149
Penalties & interest 0 1,610 1,610 1,548
Total Taxes 0 2,377 2,377 312,938
EARNINGS ON INVESTMENTS:
Earnings on deposit 0 290,355 290,355 271,148
Total Earnings on Investments 0 290,355 290,355 271,148
TOTAL REVENUE $ 0 $ 292,732 $ 292,732 $ 584,086
Schedule of Expenditures Compared with Budget
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Budget Actual— Variance Actual—
OTHER EXPENSES:
Buildings $ 0 -Ina P-113.--- 71.9.22(19) 1--a704±
TOTAL EXPENDITURES $ 0 $ 1,710,000 $ (1,710,000) $ 69,704
115
880507
COUNTY OF WELD
SYATh Oh' COLORADO
TRUST AND AGENCY hU S
HEALTH INSURANCE FUND
Schedule of Revenues Compared with Estimate
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Estimate Actual Variance Ac—tu�al
MISCELLANEOUS REVENUE:
Car seat donations $ 800,440 $ 883,848 $ 83,408 $ 890,029
Cobra revenue 0 15,060 15,060 0
Recovery of losses 0 25,301 25,301 125
Total Miscellaneous Revenue 800,440 924,209 123,769 890,154
EARNINGS ON INVESTMENTS:
Interest 0 455 455 518
Earnings on deposit 60,000 64,344 4,344 58,205
Total Earnings on Investments 60,000 64,799 4,799 58,723
TOTAL REVENUE .8-42-6.211-140. $ 989,008 $ 128,568 $ 948,877
Schedule of Expenditures Compared with Budget
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1987 1987 1986
Budget Actual Variance Actual
CONTRACTUAL SERVICES:
Other 1---2-2-1'8600 $ 1—n. $ (72,167) $ 114,112
Total Contractual Services 48,600 120,767 (72,167) 114,112
SUPPLIES:
Other 4,000 11,371 (7,371) 22,810
Total Supplies 4,000 11,371 (7,371) 22,910
INSURANCE AND BONDS:
Other 46,947 0 46,947 31,293
Total Insurance and Bonds 46,947 0 46,947 31,293
CLAIMS:
Other 1,279,673 1,152,770 126,903 742,447
Total Claims 1,279,673 1,152,770 126,903 742,447
TOTAL EXPENDITURES $ 1,379,220 $ 1,284,908 $ 94,312 $ 910,662
880507
116
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY PONDS
EMPLOYEE. HLLXiSLE SPEND1Nh FUND
Schedule of Revenues
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1986
c Actual—
MISCELLANEOUS REVENUE:
Loan repayments $ 125,805 $ 0
TOTAL REVENUE $ 125,805 $ 0
Schedule of Expenditures
December 31, 1987
With Comparative Actual Amounts For Year Ended December 31, 1986
1987 1986
Actual Ac— tual
OTHER EXPENSES:
Office of the Board $ 2,700 $ 0
County Attorney 2,580 0
Planning and zoning 8,398 0
County Clerk 1,100 0
County Treasurer 3,000 0
County Assessor 991 0
Maintenance of buildings/grounds 2,520 0
District Attorney 3,700 0
Juvenile Diversion Grant 4,380 0
Financial administration 3,120 0
General accounting 2,580 0
Purchasing 900 0
Personnel 3,390 0
12,873 0
Data Processing 2,886 0
Sheriff administration 4,401 0
Crime control and invest 965 0
Communications Services 2,956 0
Ambulance services 8,120 0
Correctional administration
Delinquents & other instil - 875 0
Pest/weed control 780 0
Maintenance of condition 134 0
Maintenance support 1,080 0
General engineering 624 0
Public health administration 1,200 0
Nursing 11,790 0
Environmental Health 300 0
Administrative - regular 25,093 0
Administrative - IV-D 220 0
Administrative - LEAP 480 0
Library administration 800 0
Gen admin allocation 5,040 0
EODS allocation 2,400 0
Non-EODS allocation 1,596 0
Other 1,833 0
TOTAL EXPENDITURES $ 125,805 $ 0
1380t147
COUNTY OF WELD
STATE OF COLORADO
TRUSS
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS
December 31, 1987
Balance Balance
1/1/87 Additions Deductions 12/31/87
GENERAL AGENCY FUND
ASSETS:
Cash $ 3,497,049 $ 66,593,492 $ 66.946,563 $ 3,143,978
LIABILITIES:
Due to other governmental units 3,497,049 66,593,492 66,946,563 3,143,978
PAYROLL AGENCY FUND
ASSETS: ,
Cash and receivables 91S9-1 $ 17,302,828 $ 1-2-222111-91. S 426 624
LIABILITIES:
Vouchers and accounts payable $ 419,487 $ 17,302,828 $ 17,295,691 $ 426,624
DEFERRED COMPENSATION FUND
ASSETS:
Investments .2_5S526 S 1,811,747 .1.1.". 658,168 $ 663,105
LIABILITIES:
Deferred Compensation payable $ 509,526 $ 1,811,747 $ 1,658,168 $ 663,105
TOTAL - ALL AGENCY FUNDS
TOTAL ASSETS $ 4,426,062 $ 85,708,067 $ 85,900,422 SSE
TOTAL LIABILITIES $ 4,426,062 12.a67 $ 85,900,422 $ 4,233,707
118 880507
GENERAL FIXED ASSETS
ACCOUNT GROUP
Investments it property and equipment, except for those of the
Internal Service rurds, are recorded in this account group.
f Cif
Avg
COLORADO
8�3C 5J7
COUNTY OF WELD
STATE OF COLORADO
GENERAL ?LAED ASSETS
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCE
December 31, 1987 and 1986
1987 1986
GENERAL FIXED ASSETS:
Land $ 2,095,212 $ 1,588,951
Buildings 18,428,653 18,738,024
Improvements other than buildings 230,920 218,011
Machinery and equipment 3,539,923 3.048,323
TOTAL GENERAL FIXED ASSETS $ 24,294,708 $ 23,593,309
INVESTMENTS IN GENERAL FIXED ASSETS FROM: $ 15,228,1OJ $ 14,653,466
Current Revenue
Gifts and Grants 1,117,486 990,728
Federal Revenue Sharing 7,949,115 7,949,115
TOTAL INVESTMENTS IN GENERAL FIXED ASSETS "—±a2.92-1-1. 708 $ 23,593,309
119
880507
COUNTY OF WELD
STATE OF COLORADO
GENERAL HIRED ASSTS
SCHEDULE OF GENERAL FIXED ASSETS -
BY PUN(SON AND ACTIVITY
December 31, 198/ and 19&6
Land Equipment & Memorandum Totals
Land Improvements Buildings Furniture 1987 1986
General Government:
County 0 $ O $ 18,785 $ 18,785 S 18,785
Commissioners $ 0 $
County Attorney 0 0 0 13,259 13,259 12,176
Planning & Zoning 0 0 0 20,788 20,788 21,956
General Accounting 0 0 0 14,643 14,643 14,730
Finance and 0 0 13,160 13,160 10,517
Administration 0
County Clerk 0 0 0 366,105 366,105 364,317
Elections 0 0 0 32,254 32,254 29,155
County Treasurer 0 0 0 42,630 42,630 42,472
County Assessor 0 0 0 71,805 71,805 72,509
County Council 0 0 0 3,022 3,022 3,228
Personnel 0 0 0 9,719 9,719 9,539
Buildings & 0 0 0 54,743 54,743 53,100
Grounds 0 0 0 536,657 536,657 355,059
Communications 0 0 0 12,592 12,592 10,157
Purchasing 0 0 84,318 84,318 57,432
Other 0
Buildings 1,703,272 953 15,025,764 187,376 16,925,915 16,293,382
Total General
Government 1,703,272 9,503 15,025,764 1,481,856 18,220,395 17,368,514
Judicial: 0 77,goy 77,809 82,810
District Attorney 0 0
Public Safety:
Sheriff 0 0 0 302,971 302,971 232,414
County Coroner 0 0 0 618 618 618
Building
Inspection 0 0 0 3,812 3,812 4,217
Office of
Emergency 0 43,155 43,155 48,382
Management 0 0
Total Public 0 350,556 350,556 285,631
Safety 0 0
Health and Hospitals:
Health 162,369 15,068 134,344 200,290 512,071 1,275,197
Ambulance 0 5,465 118,599 6,508 130,572 202,104
Total Health and
Hospitals 162,369 -MAIL 252,943 206,798 642,643 1,477,301
County Roads and Highways:
Engineering and
Administration 0 11,668 0 82,890 94,558 86,270
Public Welfare:
Administration 170,318 9,088 S 251,194 1,171,533 1,130,943
Auxiliary Services:
Extension 200 0 787,375 27,370 814,945 816,638
Exhibition
Building 0 80,132 204,517 16,590 301,239 278,551
Veterans Office 0 0 0 10,402 10,402 10,402
Missle Site Park 0 91,310 0 72,314 163,624 192,130
Youth Shelter 0 0 48,812 6,977 55,789 58,224
Crime Control and
Investigation 0 0 1,440 0 1,440 1,440
Libraries 19,085 7,020 1,013,952 196,416 1,236,473 1,095,893
Human Resources 39,968 1,666 352,917 750,512 1,145,063 700,649
Housing Authority 0 0 0 8,239 8,239 7,913
Total Auxiliary
Services 59,253 180,128 2,409,013 1,088,820 3,737,214 3,161,840
TOTAL GENERAL FIXED
ASSETS ALLOCATED
TO FUNCTIONS L.2,222222 $ 230,920 $ 18,428,653 $ 3,539,923 $ 24,294,708 $ 23,593,309
120 8805e7
COUNTY OF WELD
STATE OR COLORADO
GERPII1-177O-1111"fS
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS -
BY AONCTION AND ACTIVITY
December 31, 198/ and 1986
General General
Fixed Assets Fixed Assets
12/31/86 Additions Deletions 12/31/87
General Government:
County Commissioners $ 18,785 $ 165 $ 165 S 18,785
County Attorney 12,176 1,083 0 13,259
Planning & Zoning 21,956 482 1,650 20,788
General Accounting 14,730 535 622 14,643
Finance and Administration 10,517 2,937 294 13,160
County Clerk 364,317 11,807 10,019 366,105
Elections 29,155 3,099 0 32,254
County Treasurer 42,472 158 0 42,630
County Assessor 72,509 5,034 5,738 71,805
County Council 3,228 106 312 3,022
Personnel 9,539 180 0 9,719
Buildings and Grounds 53,100 4,113 2,470 54,743
Communications Services 355,059 181,598 0 536,657
Purchasing 10,157 5,502 3,067 12,592
Other 57,432 27,808 922 84,318
Buildings 16,293,382 632,533 0 16,925,915
Total General Government 17,368,514 877,140 25,259 18,220,395
Judicial:
District Attorney 82,810 11,977 16,978 77,809
Public Safety:
Sheriff 232,414 136,629 66,072 302,971
County Coroner 618 0 0 618
Building Inspection 4,217 0 405 3,812
Office of Emergency Management 48,382 822 6,049 43,155
Total Public Safety 285,631 137,451 72,526 350,556
Health and Hospitals:
Health 1,275,197 12,905 776,031 512,071
Ambulance 202,104 2,428 73,960 130,572
Total Health and Hospitals 1,477,301 15,333 849,991 642,643
County Roads and Highways:
Engineering and Administration 86,270 8,288 0 94,558
Public Welfare:
Administration 1,130,943 55,148 14,558 1,171,533
Auxiliary Services:
Extension 816,638 2,840 4,533 814,945
Exhibition Building 278,551 22,688 0 301,239
Veterans Office 10,402 0 0 10,402
Missle Site Park 192,130 34,602 63,108 163,624
Youth Shelter 58,224 0 2,435 55,789
Crime Control and Investigation 1,440 0 0 1,440
Libraries 1,095,893 153,081 12,501 1,236,473
Human Resources 700,649 470,593 26,179 1,145,063
Housing Authority 7,913 326 0 8,239
Total Auxiliary Services 3,161,840 684,130 108,756 3,737,214
TOTAL GENERAL FIXED ASSETS
ALLOCATED TO FUNCTIONS $ 23,593,309 $S67 1-122.82122. $ 24,294,708
121
860507
' strut'
Wine
COLORADO
122
GENERAL LONG-TERM
DEBT ACCOUNT GROUP
Sick and vacation accrual for Governmental Fund types are recorded in
this fund.
Wipe.
COLORADO
bbst,4, 7
COUNTY OF WELD
SLATE OF COLORADO
GENERAL LONG-TERM DEBT - BY SOURCES
December 31, 1987 and 1986
1987 1986
GENERAL LONG-TERM DEBT:
Amount to be provided for retirement of $ 1,532,630 $ 1,254,028
general long-term debt
TOTAL GENERAL LONG-TERM DEBT L-1-0-2-1±19-
GENERAL LONG-TERM DEBT FROM: $ 0
Bonds payable 1,$ 317,000317, 00 1,063,422
General long term debt 055,293 063,422
General long term debt/phone system
TOTAL GENERAL LONG-TERM DEBT $ 1,532,630 $ 1,254,028
123
880507
WIOc
LODO
STATISTICAL
SECTION
1,11
WIIDc
COLORADO
'3`z 5 7
A
Anot
VIIlic
COLORADO
125
COUNTY OF WELD
SITIMMIXDO
General Governmental Expenditures by Function
(Unaudited)
Last Ten Years
County Public
General Public Roads & Health &
Year Government Safety Highways Welfare
1978 $ 4,777,054 $ 2,551,449 $ 5,493,292 $ 9,691,198
1979 $ 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 S 6,294,660 $ 8,136,114 $13,799,706
1985 $ 6,120,744 $ 7,283,096 $ 8,547,979 $13,748,609
1986 $ 6,516,851 $ 7,272,935 $ 8,505,739 $14,660,502
1987 $ 6,819,165 $ 6,924,599 $ 9,876,346 $14,789,034
General Revenue by Source
(Unaudited)
Last Ten Years
Licenses Intergovernmental
Year Taxes and Permits Revenue
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 S 13,166,821 $ 463,542 $ 17,204,249
1983 $ 14,467,200 $ 635,645 $ 18,679,901
1984 $ 15,932,964 $ 669,934 $ 19,284,616
1985 $ 16,308,828 $ 716,130 $ 19,890,173
1986 $ 17,888,662 $ 581,360 $ 20,720,989
1987 $ 18,846,835 $ 613,026 $ 20,789,309
126 880507
Auxiliary
Debt Intragovernmental Total
Services** Capital Outlay Service Expenditures Miscellaneous Expenditures
S 3,984,390 $ 1,091,611 $ * $ 121,761 $ 111,134 $ 27,821,889
* $ 169,316 $ -0- $ 29,118,409
$ 3,692,883 S 344,889 $ * $ 118,498 $ -0- $ 34,616,250
$ 5,926,461 $ 594,188 $ * $ 83,594 $ -0- $ 36,487,535
$ 6,287,607 $ 591,188 $ * $ 375,305 $ 338,637 $ 35,412,407
$ 3,709,018 $ 485,735 $ 2,274 $ 431,789 $ 685,246 $ 38,335,279
$ 3,856,846 $ 379,684 $ 42,123,352
$ 3,954,896 $ 1,347,365 $1,018,741 $ 415,102 $ 1,074,232 $S 4,596,197 $ 1,515,560 $ 88,500 $ 465,517 $ 144,013,317
647 115 $
488,119 $ 1,401,846 $ 44,730,926
$ 4,234,193 $ 1,397,988 $ 252,753 $ 594,982 $ 3,550,550 $ 49,127,728
$ 4,735,582 $ 1,637,272 $ 200,263 $
* Information not available.
**Auxiliary Services includes culture and recreation, conservation of natural resources, and
economic assistance.
General governmental expenditures include expenditures of General, Special Revenue,
Capital Projects Funds, and Special Assessment Funds.
Fines and Miscellaneous Fee
Charges for Revenue Accounts Total Revenue
Services Forfeits
2,171 $ 2,417,306 $ -0- S 27,675,271
$ 1,278,237 $ 3,018 $ 2,277,170 $ -0- $ 29,205,454
$ 1,159,849 $ , $ 2,089,689 $ -0- $ 35,141,398
$ 1,974,601 $ 3,064 _0_ $ 38,518,062
$ 1,931,937 $ 3,108 $ 2,951,603 $ 1,160,740 $ 36,149,337
$ 1,406,453 39,064,828
$ 1,406,359 $ 26,667 S 2,543,940 $ 1,5333,455 $ 42,948,423
r
$ 1,541,520 $ 37,592 $ 3,948,342 6 44,055,315
' 3,756,703 703 $ 1,631,937 $
$ 1,673,283 $ 78,261 $ 3,775,144 $ 1,680,356 $ 46,456,359
$ 1,742,650 $ 77 465 $ 5,915,868 $ 1,711,894 $ 49,103,114
e
$ 1,149,717 $ 76,465 $ > .
General revenue includes revenue of General, Special Revenue, Capital Projects and Special Assessment Funds.
127
880507 .
COUNTY OF WELD
STATE Oi COLORADO
Property Value, Construction, Bank Deposits
and Other Economic Indicators
(Unaudited)
Last Ten Years
1980 1983 1984 1985 1986 1987
Property Value - estimated
actual value (millions) $ 2,948.7 $ 2,963.7 $ 3,158.7 $ 3,393.9 $ 3,150.7 $ 4,228.5
1 241 2,699 2,450 2,519 2,113 2,131
Building Permits ,
Estimated Construction
(millions) $ 23.8 $ 13.0
Bank Deposits (millions) $ 524.5 $ 664.5 * $ 9,854.2 * *
Retail Sales (millions) $ 781.3 $ 1,023.0 $ 1,022.9 $ 1,118.0 $ 1,044.1 *
Value of Crop Production
(millions) $ 185.0 $ 184.6 $ 284.5 $ 191.0
Other years' data not available
* Information not available.
Source: Greeley Area Chamber of Commerce Survey
880507
128
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
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 $ 11,702,741 $ 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 S 14,399,734 $ 14,307,719 99.36 $ 97,625 $ 14,405,344 $154,546
1984 $ 15,119,720 $ 14,985,503 99.11 $131,428 $ 15,116,931 $212,504
1985 $ 15,875,706 S 15,469,833 97.44 $ 28,931 $ 15,498,764 $307,203
1986 $ 17,147,925 $ 17,013,025 99.20 $ 84,065 $ 17,097,090 $404,559
1987 $ 18,005,273 $ 17,756,037 98.60 $296,802 $ 18,052,839 $439,749
Assessed and Estimated Actual Value of Taxable Property
(Unaudited)
Last Ten Years
Real Property (1) Personal Property (2) Total
Assessed Estimated Assessed Estimated Assessed Estimated
Year Value Actual Value Value Actual Value Value Actual Value
1978 $ 477,056,630 $1,590,188,766 $ 104,237,180 $ 694,914,533 $ 581,293,810 $2,285,103,299
1979 $ 497,514,340 $1,658,381,133 $ 165,480,900 $ 1,103,206,000 $ 662,995,240 $2,761,587,133
1980 $ 507,497,890 $1,691,659,633 $ 169,787,590 $ 1,131,917,266 $ 677,285,480 $2,823,576,899
1981 $ 555,820,990 $1,852,736,633 $ 176,028,980 $ 1,173,526,533 $ 731,849,970 $3,026,263,166
1982 $ 685,414,640 $2,284,715,466 $ 86,357,130 $ 713,785,433 $ 771,771,770 52,998,500,899
1983 $ 778,637,950 $2,647,089,025 $ 91,815,550 $ 316,605,345 $ 870,453,500 $2,963,694,370
1984 $ 764,916,130 $2,966,160,645 $ 55,831,700 $ 192,523,103 $ 820,747,830 $3,158,683,748
1985 $ 819,535,750 $3,162,758,743 $ 67,028,500 $ 231,132,759 $ 886,564,250 $3,393,891,502
1986 $ 836,455,500 $2,908,836,701 $ 70,154,400 $ 241,911,724 $ 906,609,900 $3,150,748,425
1987 $ 899,649,790 $3,945,488,938 $ 82,078,810 $ 283,030,379 $ 981,728,600 $4,228,519,317
(1) Residential improved land and improvements at 18% of 1983 replacement cost, as
determined by State law.
(2) Commercial improved land and improvements at 29% of 1983 replacement cost, as
determined by State law.
129
880507
COUNTY OF WELD
STATE OF COLORADO
Property Tax Rates and TaxAll Overlapping Governments
(Unaudited)
Last Ten Years
Levy Collection
School Junior Total
Year Year Cities Districts County College Other
Tax Rates
1977 1978 413.800 1,380.32 18.260 3.46 134.660 1,950.500
1978 1979 413.800 920.32 16.780
3.46 134.660 1,489.020
1979 1980 423.990 978.12 17.247 3.93
144.769 1,568.056
1980 1981 439.790 908.51 17.247 4.11 147.517 1,517.174
1981 1982 460.900 883.48 17.172 4.11 154.620 520.282
66.16 17.172 4.292 151.450 1,500.294
1982 1983 461.220 '880.14 17.369 4.581 161.059 1,553.469
1983 1984 490.320
1984 1985 542.320 918.63 19.342 5.037 171.923 1,657.252
11985 198 537.259 977.76 19.342 4.981 164.277 986 1987 571.268 953.48 19.968 5.198 203.204 1,753.118
Tax Levies
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 $3,285,870 $32,572,132 $1239 ,622,216 $2142 ,622,812 $2,867,436 $53126 ,970,466
967
1980 1981 $3,285,870 $32,572,132
1981 1982 $3,839,640 $35,181,714 $13,252,865 $2,737,134 $3,249,326 $58,260,679
1982 1983 $4,016,593 $37,913,573 $14,399,734 $3,686,486 $3,769,629 $63,786,015
1983 1984 $4,125,777 $41,076,321 $15,118,907 $3,458,802 $3,960,714 $67,740,521
1984 1985 $4,210,650 $42,366,353 $15,874,905 $3,631,540 $3,942,837 $70,026,285
1985 1986 $4,551,381 $48,835,173 $17,147,925 $3,918,961 $5,736,561 $80,190,001
1986 1987 $4,744,921 $52,125,601 $18,103,186 $4,232,066 $6,196,320 $85,402,094
The basis for the property tax rates is per $1,000 assessed valuation.
880507
130
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- 100% $ 27,885
1982 $ 13,531 $ 13,531 100% $ 14,354
1983 $ 4,098 $ 4,098 100% $ 10,256
1984 $ 1,282 $ 1,282 100% S 8,974
1985** $ 2,236 $ 2,236 100% $1,081,738
1986*** $ 102,009 $102,009 100% $1,006,759
1987**** $ 111,543 $111,543 100% $ 902,272
NOTES: * Weld County had no special assessments from 1973 - 1980, in 1981 Road 5 Special Assessment
of $27,885.
** Elmore Road Special Assessment of $1,075,000.
*** Antelope Hills Special Assessment of $27,030.
**** Indianhead Special Assessment of $7,056.
880507
131
COUNTY OF WELD
STATE OF COLORADO
Computation of Legal Debt Margin
(Unaudited)
December 31, 1987
Assessed Value, 1986 $ 906,609,900
Debt Limit 3 Percent of Assessed Value 27,198,297
Amount of Debt Applicable to Limit:
Total Bonded Debt $ -
Installment Purchase Agreements -
Total Amount of Debt Applicable to
Debt Limit
Legal Debt Margin $ 27,198,297
Debt Limitation: Under Section 30-35-201, Colorado Revised Statutes, 1973, the County may incur
indebtedness for general County purposes in an amount not to exceed 3% of assessed
valuation of all taxable property.
Tables Relating to Bonded Debt
(Unaudited)
December 31, 1987
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. Ratio of Annual Debt Service for General Bonded Debt to Total General
Expenditures - Last Ten Years
C. Revenue Bond Coverage - Last Ten Years
132 880507
COUNTY OF WELD
STATE OF COLORADO
Demographic Statistics
(Unaudited)
December 31, 1987
1. Population: 1960 - 72,344
1970 - 89,297
1975 - 111,901
1980 - 123,438
1983 - 132,513
1984 - 131,746
1985 - 133,922
1986 - 139,947
2. Estimated Median Age: 26.7 (1980 Census)
28.5 (1983)
26.7 (1984)
27.8 (1985)
3. Total Personal Income
For Years Available: 1970 - $ 279,766,000
1971 - $ 327,463,000
1972 - $ 380,534,000
1973 - $ 481,301,000
1974 - $ 539,833,000
1975 - $ 597,099,000
1980 - $1,059,311,000
1982 - $1,317,000,000
1984 - $1,317,329,000
4. Per Capita Income
For Years Available: 1971 - $ 3,527
1972 - $ 3,891
1973 - $ 4,666
1974 - $ 5,054
1975 - $ 5,543
1977 - $ 5,081
1980 - $ 6,505
1982 - $10,411
1984 - $11,501
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.
133
8805C-7
COUNTY OF WELD
STATE oY COLORADO
Property Value, Construction Bank Deposits
and Other Economic Indicators
(Unaudited)
Last Ten Years
1980 1983 1984 1985 1986 1987
Property Value - estimated
actual value (millions) $ 2,948.7 $ 2,963.7 $ 3,158.7 S 3,393.9 $ 3,150.7 $ 4,228.5
Building Permits 1,241 2,699 2,450 2,519 2,113 2,131
Estimated Construction
(millions) $ 23.8 $ 13.0 * * * *
Bank Deposits (millions) $ 524.5 $ 664.5 * 9,854.2 * *
Retail Sales (millions) $ 781.3 $ 1,023.0 $ 1,022.9 $ 1,118.0 $ 1,044.1 *
Value of Crop Production
(millions) $ 185.0 $ 184.6 $ 284.5 $ 191.0 * *
Other years' data not available
* Information not available.
Source: Greeley Area Chamber of Commerce Survey
8805&7
134
COUNTY OF WELD
STATE OF COLORADO
Principal Taxpayers
(Unaudited)
December 31, 1987
Per Cent
1987 Of Total
Assessed Assessed
Valuation Valuation
$ 61,613,510 6.79%
Amoco Production Company 70,755,800 7.80
Eastman Kodak 31,704,300 3.49
Public Service Company of Colorado 14,954,010 1.64
Snyder Oil ao. 13,140,900 1.44
Mountain States Telephone & Telegraph 13,031,500 1.43
Panhandle Eastern Pipeline Company 7,137,580 .78
Vessels Oil & Gas Co. 6,913,120 .76
C
Sunshine Valley Oil Co. 6,276,600 .69
Energy Minerals Corporation 4,687,960 .62
Coors Energy
135
880507
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics
(Unaudited)
December 31, 1987
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, 1986 Elected ElectednOfficials5- 10
Department Heads - 10
Other Full Time Employees - 780
Part Time Employees - 174
7. Miles of Roads: Paved - 549.6
Unpaved - 2,787.5
8. Building Permits: No. of
Year Permits Valuation
1978 1,546 $ 58,749,363
1979 1,592 $ 34,782,283
1980 1,348 $ 54,775,497
1981 1,241 $ 32,851,694
1982 1,865 $ 35,207,497
1983 2,699 $ 51,480,002
1984 2,450 $ 44,854,598
1985 2,519 $ 37,423,180
1986 2,113 $ 34,964,831
1987 2,131 $ 36,787,917
9. Motor Vehicle Registration: 1978 - 143,888
1979 - 133,437
1980 - 125,970
1981 - 129,159
1982 - 130,952
1983 - 132,458
1984 - 139,521
1985 - 136,444
1986 - 142,204
1987 - 140,445
10. Special Districts 28 - Cities and Towns
within County: 17 - Schools
23 - Fire
18 - Water & Other
1 - Colleges
13 - Sanitation
Ault Gilcrest Lochbuie
11. Cities and Towns: Eaton Greeley Mead
Erie Grover Milliken
Evans Hudson New Raymer
Dacono Johnstown Nunn
Firestone Keenesburg Pierce
Frederick Keota Platteville
Ft. Lupton Kersey Rosedale
Garden City LaSalle Severance
Brighton JT Windsor
12. Recreation: Golf Courses - 5
City and Regional Parks
Island Grove Recreational Complex
Greeley Recreation Center
136 880507
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics - Continued
(Unaudited)
December 31, 1987
Ault Town Library 7,000 Volumes
13. Libraries: Glenn A. Jones Library 9,639 Volumes
Greeley Library 126,142 Volumes
Platteville Library 8,253 Volumes
University of No. Colo. 755,519 Volumes
Weld Library District 153,000
Windsor Public Library 27,791 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 61.1
1986 General Election 62,725 38,488
15. Media Newspapers: The Greeley Tribune
The Banner
Town & Country News
Aims College World
The Mirror (UNC)
North Weld Herald
Farmer & Miner
Keene Valley Sun
Johnstown Breeze
Ft. Lupton Press
Platteville Herald
Windsor Beacon
Brighton Blade and Market Place
Erie Echo
Ft. Morgan Times
LaSalle Leader
Longmont Times Call
Platte Valley Voice
Evans Star Press
The Centennial News
Radio Stations: KFKA/KGBS
KYOU/KGRE
KUAD AM & FM
KUNC FM
Television: Receives commercial and public
television originating from both
Denver and Cheyenne stations;
also cable television.
16. Sales Tax as of December 31, 1987: State - 3%
Source: County offices.
137
880507
COUNTY OF WELD
STATE OF COLORADO
Insurance In Force
(Unaudited)
December 31, 1987
Policy Period Details of Annual
Name of Company Policy Number Begins Expires Coverage Liability Limits Premiums
Safety Mutual SP-1486-CO 1/15/87 12/31/87 ore $200,000
Excess Worker's $10,000,000/Occurrence
Compensation Casualty Corp. on
Each Occurrence $ 26,730
Zurich Insurance BM31-93-524-02 1/1/87 1/1/88 Boiler and $10,000,000/Accident g 933
Company - Machinery $1,000 Deductible
Lloyds of London ISL 3798 7/1/87 6/30/88 Property Damage, Property: $50,000,000/
(Colorado ICO 5498 Automobile Occurrence
Counties Liability, All Liability: $150,000/
Casualty & General Liability, Person: $500,000/Claim
Property Pool) Public Officials Excess and Out-of-State Only)
Crime (Federal
p Liability, $850,000/Person Excess
$150,000; $600,000/Claim
Excess $40,000
Crime: $150,000/Loss
$500 Deductible/
Property Claim 384,101
138 8805&
COUNTY OF WELD
STATT7T751272cDO
Salaries of Principal Officials
(Unaudited)
December 31, 1986
ELELPED OFFICIALS:
Commissioners $ 28,000
Clerk & Recorder $ 28,000
$ 28,000
Treasurer $ 28,000
Assessor $ 32,517
Sheriff $ 67,524
District Attorney
APPOINTED:
County Attorney $ 68,198
Director of Planning $ 38,648
Director of Finance and $ 75,259
Administration
Director of Building and $ 41,602
Grounds 27,024
Director of Ambulance Services $ 27,024
County Engineer
Director of Social Services S 55,956
Director of Health Department $ 81,014
Director of Human Resources $ 49,458
Director of Information Services $ 73$ 34,995
,379
Director of Purchasing
Director of Personnel $ 43,$ 43,712
72
Comptroller 926
Director of Emergency Management $ 27,039
Director of Road and Bridge $ 48,246
Surety Bond Coverage for Officials
(Unaudited)
December 31., 1987
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 $ 100,000
Administration
Note: All bonds are issued by the St. Paul Insurance Company and are on file
with the Weld issued Clerk and RPauldIn
139.
8805C7
COUNTY OF WELD
STATE OF COLORADO
PRIVATE PURPOSE REVENUE BONDS
(Unaudited)
As of December 31, 1987
DEBT REVENUE BONDS
TYPE OF ISSUE OUTSTANDING OUTSTANDING
ISSUER FACILITY AMOUNT DATE BEGINNING YEAR ISSUED RETIRED END OF YEAR
INDUSTRIAL REVENUE BONDS:
Evangelical Lutheran
Good Samaritan Soc. Nursing Home $1,400,000 11/79 $ 1,060,000.00 $ -0- S 60,000.00 $ 1,000,000.00
Colorado Landfill, Inc. Landfill 1,300,000 1/80 1,075,000.00 -0- 50,000.00 1,025,000.00
Nor-Colo Distributors Warehouse 925,000 8/80 740,000.00 -0- 45,000.00 695,000.00
Dr. Hesse Clinic 90,000 2/81 66,513.86 -0- 5,187.43 61,326.43
Dos Gringos Land Warehouse 380,000 12/81 305,818.89 -0- 19,518.89 286,300.00
Eisenman Chemical Office 2,500,000 11/82 2,500,000.00 -0- 0.00 2,500,000.00
Platte River Steel Co. Manufacturing 2,000,000 5/82 1,935,000.00 -0- 40,000.00 1,895,000.00
10th Street Investment Office 2,500,000 8/82 2,385,000.00 -0- 40,000.00 2,345,000.00
Gateway Partnership Office 2,800,000 9/83 2,645,000.00 -0- 65,000.00 2,580,000.00
Dayton-Hudson Target Retail 2,000,000 4/83 1,400,000.00 -0- 200,000.00 1,200,000.00
Economy Lumber Retail 705,000 12/83 642,849.76 -0- 36,037.04 606,812.72
Colorado Counties, Inc. Office 625,000 7/84 625,000.00 -0- 5,000.00 620,000.00
Weld Mental Health Office 650,000 6/84 610,000.00 -0- 25,000.00 585.000.00
TOTAL INDUSTRIAL REVENUE BONDS 15,990,182.51 -0- 590,743.36 15 399 439.15
MORTGAGE REVENUE BONDS:
Single-Family Revenue
Bonds 1981-Series A $7,500,000 12/81 4,565,000.00 -0- 240,000.00 4,325,000.00
GRAND TOTAL PRIVATE PURPOSE REVENUE BONDS $20,555,182.51 $ -0- $830,743.36 $19,724,439.15
8805C7
140
COUNTY OF WELD
STATE OF COLORADO
RETIREMENT PLAN
REQUIRED SUPPLEMENTARY IISFORMATION
(Unaudited)
ANALYSIS OF FUNDING PROGRESS
ASSETS IN
NET ASSETS PENSION EXCESS OF
FISCAL AVAILABLE BENEFIT PERCENT PENSION
YEAR FOR BENEFITS OBLIGATION FUNDED OBLIGATION
1978 $ 3,509,862 $ 3,509,862 100.0% $ -0-
1979 4,234,774 4,234,664 100.0% (110)
1980 4,679,932 4,679,779 100.0% (153)
1981 6,364,130 6,364,130 100.0% -0-
1982 6,747,934 6,747,934 100.0% -0-
1983 9,248,144 7,730,870 119.6% (1,517,274)
1984 11,244,338 7,424,910 151.4% (3,819,428)
1985 12,970,501 9,267,695 140.0% (3,702,806)
1986 16,858,875 10,070,430 167.4% (6,788,445)
1987 20,121,008 15,836,511 127.1% (4,284,497)
The percentage of annual payroll to unfunded obligation is not shown as Weld County
Retirement Plan had no unfunded obligation.
REVENUES BY SOURCE
FISCAL EMPLOYEE EMPLOYER INVESTMENT
YEAR CONTRIBUTIONS CONTRIBUTIONS INCOME TOTAL
1978 $ 393,531 $ 393,531 $ 179,412 $ 966,474
1979 426,861 426,861 250,710 1,104,432
1980 485,484 485,484 578,013 1,548,981
1981 526,569 526,569 468,727 1,521,865
1982 595,893 595,893 1,074,456 2,266,242
1983 632,054 632,054 1,261,004 2,525,112
1984 666,393 666,393 1,043,786 2,376,572
1985 708,883 708,883 3,162,758 4,580,524
1986 743,931 743,931 2,598,746 4,086,608
1987 837,729 837,627 - 1,844,038 3,519,394
EXPENSES BY TYPE
FISCAL ADMINISTRATIVE
YEAR BENEFITS EXPENSES REFUNDS TOTAL
1978 $ 102,158 $ 34,770 $ 127,413 $ 264,341
1979 128,853 39,100 201,365 369,318
1980 147,539 41,710 189,421 378,670
1981 178,922 53,405 235,113 467,440
1982 217,167 66,498 220,477 - 504,142
1983 263,080 84,059 267,431 614,570
1984 316,266 45,162 382,735 744,163
1985 438,398 91,491 192,416 722,305
1986 464,517 116,852 246,809 828,178
1987 602,568 108,459 230,810 941,837
141
8805 ''7
COUNTY OF WELD
STATE ON COLORADO
Computation of Overlapping Debt
(Unaudited)
Percentage Amount
Net Debt Applicable Applicable
Jurisdiction Outstanding to County to County
Cities and Towns $26,266,915 100.00$ 526,266,915
School Districts 78,683,287 66.11% 52,018,987
Special Districts 11,492,941 93.27% 10,719,391
Total Overlapping Debt $89,005,293
County (Special Assessment 700,000 100.00% 700,000
County (Certificates of Participation) 317,000 100.00% 317,000
$90,022,293
142 8805C
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