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COMPREHENSIVE ANNUAL FINANCIAL REPORT
COUNTY OF WELD
STATE OF COLORADO
YEAR ENDED DECEMBER 31, 1986
Issued by:
Department of Finance
& Administration
Donald D. Warden, Director
Finance and Administration
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TABLE OF CONTENTS
Page
INTRODUCTORY SECTION
1
Table of Contents 1
Letter of Transmittal 16
Organization Chart 16
Principal County Officials
FINANCIAL SECTION
19
Auditor's Report
GENERAL PURPOSE FINANCIAL STATEMENTS
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
22
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS 24
COMBINED STATEMENT OF REVENUES AND EXPENDITURES 26
- BUDGET AND ACTUAL - ALL GOVERNMENTAL FUND TYPES
IN
COMBINED STATEMENT
EXPENSES
EARNINGS/FUND BALANCES - A
LLPROP AND CHANGES
TYPES AND PENSION TRUST FUNDS 28
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION - 29
ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS
NOTES TO FINANCIAL STATEMENTS
30
COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP
STATEMENTS AND SCHEDULES
GENERAL FUND
49
BALANCE SHEET
Schedule of Revenues Compared with Estimate 50
Schedule of Expenditures Compared with Budget 51
Schedule of Operating Transfers-In Compared 53
with Estimate
Schedule of Operating Transfers-Out Compared 53
with Budget
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 55
COMBINING BALANCE SHEET 56
1
TABLE OF CONTENTS - (CONTINUED)
Ptft
SPECIAL REVENUE FUNDS (Continued) :
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES 58
Road and Bridge Fund - Schedule of Revenues
Compared with Estimate 60
Road and Bridge Fund - Schedule of Expenditures
Compared with Budget 61
Road and Bridge Fund - Schedule of Operating
Transfers-In Compared with Estimate 61
Road and Bridge Fund - Schedule of Operating
Transfers-Out Compared with Budget 61
Social Services Fund - Schedule of Revenues
Compared with Estimate 62
Social Services Fund - Schedule of Expenditures
Compared with Budget 63
Social Services Fund - Schedule of Other Financing
Sources Compared with Estimate 63
Social Services Fund - Schedule of Operating
Transfers-Out Compared with Budget 63
Federal Revenue Sharing Fund - Schedule of
Revenues Compared with Estimate 64
Federal Revenue Sharing Fund - Schedule of
Operating Transfers-Out Compared with Budget 64
Conservation Trust Fund - Schedule of Revenues Compared
with Estimate 65
Conservation Trust Fund - Schedule of Expenditures
Compared with Budget 65
Contingent Fund - Schedule of Revenues Compared
with Estimate 66
Contingent Fund - Schedule of Expenditures
Compared with Budget 66
Contingent Fund - Schedule of Operating Transfers-
In Compared with Estimate 66
Contingent Fund - Schedule of Operating Transfers-
Out Compared with Budget 66
Public Health Fund - Schedule of Revenues Compared
with Estimate 67
Public Health Fund - Schedule of Expenditures
Compared with Budget 68
Public Health Fund - Schedule of Operating
Transfers-In Compared with Estimate 68
2
TABLE OF CONTENTS - (CONTINUED)
Page
SPECIAL REVENUE FUNDS (Continued) :
Human Resources Fund - Schedule of Revenues
Compared with Estimate 69
Human Resources Fund - Schedule of Expenditures
Compared with Budget 70
Human Resources Fund - Schedule of Operating
Transfers-In Compared with Estimate 71
Human Resources Fund - Schedule of Other
Financing Sources Compared with Estimate 71
Solid Waste Fund - Schedule of Revenues
Compared with Estimate 72
Solid Waste Fund - Schedule of Expenditures
Compared with Budget 72
Solid Waste Fund - Schedule of Operating
Transfers-Out Compared with Budget 72
Housing Authority Fund - Schedule of Revenues
Compared with Estimate 73
Housing Authority Fund - Schedule of Expenditures
Compared with Budget 73
CAPITAL PROJECTS FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 75
BALANCE SHEET 76
Capital Expenditures Fund - Schedule of
Revenues Compared with Estimate 77
Capital Expenditures Fund - Schedule of
Expenditures Compared with Budget 77
Capital Expenditures Fund - Schedule of Operating
Transfers-In Compared with Estimate 77
SPECIAL ASSESSMENT FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 79
COMBINING BALANCE SHEET 80
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES 81
Improvement District - Road 5 - Schedule of Revenues
Compared with Estimate 82
Improvement District - Road 5 - Schedule of Expenditures
Compared with Budget 82
Improvement District Number 1981-2 Elmore Road
Schedule of Revenues Compared with Estimate 83
Improvement District Number 1981-2 Elmore Road
Schedule of Expenditures Compared with Budget 83
3
TABLE OF CONTENTS - (CONTINUED)
Page
SPECIAL ASSESSMENT FUNDS (Continued):
Antelope Hills - Schedule of Revenues
Compared with Estimate 84
Antelope Hills - Schedule of Expenditures
Compared with Budget 84
Antelope Hills - Schedule of Operating
Transfers-In Compared with Estimate 84
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 85
COMBINING BALANCE SHEET 86
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
RETAINED EARNINGS 88
COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL 90
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION 91
Motor Vehicle Fund - Schedule of Operating
Revenues Compared with Estimate 92
Motor Vehicle Fund - Schedule of Operating
Expenses Compared with Budget 92
Motor Vehicle Fund - Schedule of Non-operating
Revenues Compared with Estimate 92
Motor Vehicle Fund - Schedule of Fixed Asset
Acquisitions Compared with Budget 93
Motor Vehicle Fund - Schedule of Operating
Transfers-In Compared with Estimate 93
Printing and Supply Fund - Schedule of Operating
Revenues Compared with Estimate 94
Printing and Supply Fund - Schedule of Operating
Expenses Compared with Budget 94
Printing and Supply Fund - Schedule of Fixed
Asset Acquisitions Compared with Budget 94
Computer Services Fund - Schedule of Operating
Revenues Compared with Estimate 95
Computer Services Fund - Schedule of Operating
Expenses Compared with Budget 95
Computer Services Fund - Schedule of Non-Operating
Revenues Compared with Estimate 95
Computer Services Fund - Schedule of Fixed Asset
Acquisition Compared with Budget 95
Computer Services Fund - Schedule of Operating
Transfers-In Compared with Estimate 95
4
TABLE OF CONTENTS - (CONTINUED)
Page
INTERNAL SERVICE FUNDS (Continued) :
Insurance Fund - Schedule of Operating Revenues
Compared with Estimate 96
Insurance Fund - Schedule of Operating Expenses
Compared with Budget 96
Insurance Fund - Schedule of Non-operating
Revenues Compared with Estimate 96
PBX Fund - Schedule of Operating Revenues
Compared with Estimate 97
PBX Fund - Schedule of Operating Expenses
Compared with Budget 97
PBX Fund - Schedule of Non-operating
Revenues Compared with Estimate 97
PBX Fund - Schedule of Fixed Asset Acquisition
Compared with Budget 97
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 99
COMBINING BALANCE SHEET 100
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES -
ALL PENSION TRUST FUNDS 102
STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PENSION
TRUST FUNDS 103
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - ALL EXPENDABLE TRUST FUNDS 104
North Colorado Medical Center Trust Fund - Schedule
of Revenues Compared with Estimate 105
North Colorado Medical Center Trust Fund - Schedule
of Expenditures Compared with Budget 105
North Colorado Medical Center Trust Fund - Schedule
of Operating Transfers-In Compared with Estimate 105
Health Insurance Fund - Schedule of Revenues Compared
with Estimate 106
Health Insurance Fund - Schedule of Expenditures
Compared with Budget 106
Antelope Hills Trust Fund - Schedule of Revenues
Compared with Estimate 107
Antelope Hills Trust Fund - Schedule of Operating
Transfers-Out Compared wtih Budget 107
COMBINING STATEMENT OF CHANGES IN ASSETS AND
LIABILITIES --- ALL AGENCY FUNDS 108
5
TABLE OF CONTENTS - (CONTINUED)
Pale
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCES 109
SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY 110
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION
AND ACTIVITY 111
GENERAL LONG-TERM DEBT ACCOUNT GROUP
SCHEDULE OF GENERAL LONG-TERM DEBT - BY SOURCES 113
STATISTICAL SECTION
General Governmental Expenditures by Function 116
General Revenue by Source 116
Property Tax Levies and Collections 118
Assessed and Estimated Actual Value of Taxable Property 118
Property Tax Rates and Tax Levies All Overlapping Governments 119
Special Assessment Collections 120
Computation of Legal Debt Margin 121
Tables Relating to Bonded Debt 121
Demographic Statistics 122
Property Value, Construction, Bank Deposits and
Other Economic Indicators 123
Principal Taxpayers 124
Miscellaneous Statistics 125
Insurance In Force 127
Salaries of Principal Officials 128
Surety Bond Coverage for Principal Officials 128
Private Purpose Revenue Bonds 129
Retirement Plan Required Information 130
6
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DEPARTMENT OF FINANCE AND ADMINISTRATION
PHONE(303)356-4000 EXT. 4218
P.O. BOX 758
GREELEY,COLORADO 80632
C.
COLORADO
April 30, 1987
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, 1986 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 was maintained at the department level by the encumbrance
of estimated purchase amounts prior to the release of purchase orders to
vendors. Purchase orders which result in an overrun of department balances
are not released until additional appropriations are made available. Open
encumbrances are reported as a reservation of fund balance at December 31,
1986.
A new fixed asset and depreciation system was developed in 1986 for
interface with the accounting system. The financial system now includes
the integration of the accounting, purchasing, outstanding warrant, budget,
payroll, and fixed asset 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.
8
Honorable Board of Commissioners — Continued:
Weld County Public Health Board -- The Board of County Commissioners
appoints the seven member board and the Director of Public Health.
Substantial funding is provided by the county for the operation of the
Public Health Department. The Public Health Department's operations
are reported in the Health Fund, a Special Revenue Fund.
Weld County Retirement Board -- The Retirement Board consists of five
members, four appointed by the Board of County Commissioners and the
fifth being the elected County Treasurer. The county funds half of
the retirement program which 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
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 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,
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 County provides the full range of County services contemplated by
statute or character. These include general government functions, public
protection and safety, health, social services, human resource services,
public improvements, road and bridge operations, planning and zoning,
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 $46,456,359 in 1986, an increase of 5.5% over 1985. General
9
Honorable Board of Commissioners - Continued:
property taxes and specific ownership taxes produced 38.5% of general
revenue compared to 37. 1% in 1985. The amount of revenue from various
sources and the increases over 1985 are shown in the following tabulation:
Increase (Decrease)
Revenue Sources Amount Per Cent of Total for 1986
Taxes $17,888,662 38.5% $ 1,579,833
Licenses and Permits 581,360 1 .3% (134,770)
Intergovernmental
Revenue 20,720,989 44 .6% 830,817
Charges for Services 1,742,650 3.8% 69,369
Fines and Forfeits 67, 198 0. 1% (11,063)
Miscellaneous Revenue 3,775, 144 8. 1% 18,442
Fee Accounts 1,680,356 3.6% 48,419
Total $46,456,359 100.0% $ 237,084
The mill levy for property taxes collected in 1986 is 19.342, unchanged
from 1985. The assessed valuation of $886,564,250 shows an increase of
$65,816,420 or 8.02%. The increase in assessed value is principally
attributable to the increased value of 1984 production of oil and gas
properties in Weld County and reappraisal of property. Only $6,342,160 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 decline significantly in future years.
The increase in assessed value in excess of 5% allowed the Board to go to
the County Council for an excess property tax levy. On November 6, 1985
the County Council voted to allow the Board of County Commissioners to
exceed the 5% property tax limitation by $478,434. Even with the
additional funds, the County was $1,600,563 below the State's 7% limitation
for property tax increases.
Current tax collections were 99.2% of the tax levy, up 1.76% from 1985.
Delinquent tax collections were $84,065 compared with $28,931 in 1985.
Allocations of property tax by purpose for 1986 and the preceding year are
shown as follows:
10
Honorable Board of Commissioners - Continued:
1985 1986
Purpose Mills Mills
General Fund 12. 158 11.466
Special Revenue Funds 5.771 6.342
Capital Project Funds .478 .629
Expendable Trust Funds .312 .329
Intergovernmental Service Funds .623 .576
Total Tax Rate 19.342 19.342
Intergovernmental Revenue represented 44.6% of total general governmental
revenue, compared with 45.5% for 1985.
Expenditures for general governmental purposes including General, Special
Revenue, Capital. Projects, Special Assessment, and Expendable Trust Funds
total $44,811,801, an increase of 1.64% over 1985. Increases in levels of
expenditures for major functions of the County over 1985 are shown in the
following tabulation:
Per Cent Increase (Decrease)
Expenditure Purpose Amount of Total for 1986
Current Operating:
General Government $ 6,525,593 14.6% $ 404,847
Public Safety 7,496, 132 16.7% 213,036
Public Works 8,505,739 19.0 (42,240)
Public Health &
Welfare 14,660,502 32.7% 911 ,892
Culture & Recreation 265,352 0.6% (465,721)
Conservation of
Natural Resources 6,025 0.0 (4,239)
Economic Assistance 4,053,483 9.0% 198,623
Capital Outlay 1,075,380 2.4% (440,180)
Debt Service 252,753 0.6% 164,253
Intragovernmental
Expenditures 488, 119 1. 1% 22,602
Miscellaneous 1,401,846 3.3% (320,271)
Total $44,730,924 100.0% $ 642,602
11
Honorable Board of Commissioners - Continued:
In 1986 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 with
the public's increasing expectations. In 1986 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 prescriptions in 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 1986 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 1986 were
low inflation rates, declining petroleum product costs, building activity
related revenues, and increased fees from elected officials' offices. The
creation of the Weld Library District with its own mill levy to support
library services allowed Weld County to eliminate library services in the
County budget. This savings will exceed $400,000 per year and put library
services on a secure funding base of its own.
Unreserved fund balance and retained earnings in the major operating funds
were maintained at adequate levels. The General Fund fund balance of
$891,638 was up $340,454 from last year. The $3,321,228 balance in the
Special Revenue Funds was down from the previous year by 13.4%.
12 •
Honorable Board of Commissioners - Continued:
DEBT ADMINISTRATION
In 1986 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-six million dollar allowable debt capacity
in accordance with Colorado State Statutes. The only significant
lease/purchase agreement involves two phone systems totalling $190,481.
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
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 $1,316,284 in 1986.
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 1986 include the renovation of the courthouse and courthouse annex.
The Capital Expenditure Fund had no fund balance at the end of 1986.
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, 1986, the General Fixed
Assets of the County amounted to $23,593,310. This amount represents the
original cost of the assets and is considerably less than their present
value. Depreciation of General Fixed Assets is not recognized in the
County's accounting system.
PROSPECTS FOR THE FUTURE
As Weld County government faces the future, there is potential reduction in
certain key revenue sources. Federal Revenue Sharing, which has been
funded since 1972 ended in 1986, which will result in an annual loss of $1.4
million to Weld County. The economy of the State of Colorado is poor as a
result of the weak energy and agricultural sectors, and state revenues are
expected to decline. As a result, state supported programs at the local
level are experiencing revenue losses, while caseloads for human services
grow at a rapid rate.
13
Honorable Board of Commissioners - Continued:
Lower oil and gas prices are a mixed blessing for Weld County. Fuel and
petroleum product costs are anticipated to be down in 1987 providing savings
to our road program and heavy vehicle user departments. However, revenue
sources from royalties and tax assessments will also be down substantially.
Of the 1986 assessed value for Weld County, over 33% is oil and gas
properties.
Unless a significant discovery positively impacts production over the next
five years, Weld County is projected by the Oil and Gas Conservation
Commission to have a 57.5% decline in oil production and 58.0% decline in
gas production. The decline coupled with the 40% price drop experienced in
recent years could result in an 83% drop in oil and gas assessments and a
28% drop in the total Weld County property assessment. All this translates
into an increased mill levy with a shift of the property tax burden to
non-energy related property owners.
The 1987 budget could also be adversely affected on a cash flow basis as oil
producers continue to have difficulty in paying property taxes due. Weld
County is already plagued by bankrupt energy producers, and this situation
could get worse. Healthy contingency funds need to be maintained to respond
to cash flow problems created by delinquent taxes.
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 could cause dramatic property tax shifts among
classes of property. With the public's sensitivity to property taxes
already, the result could be an adverse taxpayers' reaction locally and
statewide. 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.
14
Honorable Board of Commissioners - Continued:
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
1986 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, 1986. 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.
Re ectful ubmit d,
Donald D. Warden, Director
Finance and Administration
DDW/ch
15
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- -I -I.
COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31, 1986
Board of County Commissioners
Jacqueline Johnson
Gordon E. Lacy
Gene Brantner
C. W. Kirby
Frank Yamaguchi
Director of Finance and Administration
Donald D. Warden
Comptroller
Claud Hanes
Independent Auditor
Deloitte Haskins and Sells
Certified Public Accountants
17
FfN N IAL
ey
x � (
�..� COLOADC?
eloie
Haskins Selis
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 examinee the general purpose financial statements of the County of
Weld, Colorado Ls of and for the year ended December 31, 1986 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 , 1936, 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
after restatement for the adjustments described in Note 12 to the combined
financial statements.
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.
A.geo aa.
DELOITTE HASKINS AND SELLS
Denver, Colorado
April 30, 1987
19
GENERAL PURPOSE
FINANCIAL
STATEMENTS
� -
COLORADO=
COUNTY OF WELD
STATE OF COLORADO
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1986
Governmental Fund Types
Special Capital Special
General Revenue Projects Assessment
ASSETS
ASSETS:
Cash and short term investments $ 2,874,747 $ 4,899,348 $ 136,830 $ 56,173
Cash - other 23,500 24,635 0 0
Investments 0 0 0 0
Receivables (net of allowance
for uncollectibles):
Current property tax 10,620,045 6,615,135 259,046 0
Delinquent property tax 244,400 130,999 8,968 0
Accounts 355,840 211,047 0 0
Special assessments 0 0 0 1,006,758
Due from other county funds 61,759 173,231 23 42,030
Due from other governmental units 235,553 1,981,849 51,800 0
Advances to other funds 111,758 75,000 0 0
Inventories 30,734 839,270 0 0
Prepaid and other assets 24,362 33,432 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
Amount to be provided for retirement
of general long-term debt 0 0 0 0
TOTAL ASSETS $ 14,582,698 $ 14,983,946 $ 456,667 $ 1,104,961
LIABILITIES AND FUND BALANCE
LIABILITIES:
Accounts payable $ 118,346 $ 143,201 $ 38,638 $ 0
Accrued liabilities 585,408 356,134 0 0
Due to other governments 9,199 1,286,261 0 0
Due to other County funds 303,381 269,505 23 60,538
Deferred revenue 10,864,445 6,828,505 268,014 928,110
Unexpended grant revenue 102,037 1,181,844 0 0
Other liabilities 600 69,936 0 0
Advances from other funds 0 0 0 106,758
Retainage payable 0 0 25,440 0
Bonds payable 1,450,000 0 0 800,000
General long term debt 0 0 0 0
Deferred compensation payable 0 0 0 0
Total Liabilities 13,433,416 10,135386 332,115 1,895,406
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 288,378 2,441,602 116,887 0
Unreserved:
Designated for subsequent
year's expenditures 141,987 1,280,000 0 0
Undesignated 718,917 1,126,958 7,665 (790—L 445)
Total Fund Equity (deficit) 1,149,282 4848,560 124.552 (790,445)
TOTAL LIABILITIES AND
FUND EQUITY $ 14,582,698 $ 14,983,946 $ 456,667 $ 1,104,961
See Notes to Financial Statements
22
Proprietary Fiduciary
Fund Type Fund Type Account Groups Memorandum Total
Internal Trust and General General December 31 December 31
Service Agency Fixed Assets Long-term Debt 1986 1985
$ 1,446,731 $ 9,360,751 $ 0 $ 0 $ 18,774,580 $ 28,383,888
7,500 9,496 0 0 65,131 184,959
O 20,314,295 0 0 20,314,295 16,899,922
511,095 0 0 0 16,005,321 17,139,854
12,405 7,787 0 0 404,559 307,203
56,556 232,968 0 0 856,411 752,152
O 0 0 0 1,006,758 1,081,738
393,329 6,249 0 0 676,621 1,627,310
0 0 0 0 2,269,202 3,029,093
0 0 0 0 186,758 161,738
174,909 0 0 0 1,044,913 865,374
199,597 41,014 0 0 298,405 78,598
694,381 0 1,588,951 0 2,283,332 2,271,608
697,203 0 18,738,024 0 19,435,227 18,520,692
19,345 0 218,011 0 237,356 225,811
11,149,197 0 3,048,324 0 14,197,521 13,649,796
(6,307,340) 0 0 0 (6,307,340) (5,646,152)
O 0 0 1 254,027 1,254,027 1,182,283
$ 9,054,908 $_29,972,560 121,E11219. $ 1,254,027 $ 95,043,077 S100,715,867
$ 645,320 $ 614,677 S 0 $ 0 $ 1,560,182 $ 2,152,093
169,791 0 0 0 1,111,333 914,736
0 3,497,049 0 0 4,792,509 16,829,420
38,282 4,892 0 0 676,621 1,627,312
543,500 7,787 0 0 19,440,361 18,521,420
0 0 0 0 1,283,881 1,677,088
0 0 0 0 70,536 67,537
80,000 0 0 0 186,758 161,738
0 0 0 0 25,440 37,792
O 0 0 0 2,250,000 900,000
O 0 0 1,254,027 1,254,027 1,182,283
O 509,526 0 0 509,526 326,033
1,476,893 4,633,931 0 1,254,027 33,161,174 44 3; 97,452
5,712,895 0 0 0 5,712,895 5,610,261
1,865,120 0 0 0 1,865,120 2,027,672
O 0 23,593,310 0 23,593,310 22,409,691
0 20,121,008 0 0 22,967,875 18,778,448
O 0 0 0 1,421,987 814,808
O 5,217,621 0 0 6,280,716 6=677,
,
535
7578,015 25,338,629 23,593 310 0 61,841,903 56,318,415
S 9,054,908 $ 29,972,560 1222221.21a $ 1,254,027 $ 95003,077 $100,715,867
23
COUNTY OF WELD
STATE OP COLORADO
COMBINED STATEMENT OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES -
Afl GoVERNRE:NPTAL V0ND TYPES ANb EsXPEIbABLE TRUST F ITADS
December 31, 1986
Governmental Fund Types
Special Capital Special
General Revenue Projects Assessment
REVENUES:
Taxes $ 10,258,786 $ 6,722,049 $ 594,889 $ 0
Licenses and permits 363,103 218,257 0 0
Intergovernmental 1,144,412 19,514,492 62,085 0
Charges for services 1,237,710 494,900 10,040 0
Fines and forfeitures 67,198 0 0 0
Earnings on investments 1,213,651 0 0 0
Miscellaneous 962,931 173,038 0 205,499
Fee accounts 1,680 356 0 0 0
Total Revenues 16,928,147 27� 122� x736 667,014 205,499
EXPENDITURES:
Current Operating:
General government 6,525,593 0 0 0
Public safety 7,496,132 0 0 0
Public works 482,827 8,022,912 0 0
Public health and welfare 169,106 14,491,396 0 0
Miscellaneous 286,978 134,502 0 0
Culture and recreation 86,562 178,790 0 0
Conservation of natural resources 6,025 0 0 0
Economic assistance 0 4,053,483 0 0
Capital outlay 69,650 25,765 922,462 57,503
Debt service 170,977 0 0 81,776
Intrrgovernmental 0 488,119 0 0
Total Expenditures 15,293,850 27,394,967 922,462 139,279
EXCESS OF REVENUES OVER (UNDER)
EXPENDITURES 1,634,297 � (272,231) (255,448) 66,220
OTHER FINANCING SOURCES (USES):
Operating transfers - in 59,140 2,878,377 380,000 30,474
Operating transfers - out. (1,282,370) (2,053,851) 0 0
Inception of lease-purchase
agreements 0 0 0 0
Total Other Financing
Sources (Uses) (1,223,230) 824,526 380,000 30,474
EXCESS OF REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND OTHER
USES 411,067 552,295 124,552 96,694
FUND BALANCE (DEFICIT) AT BEGINNING
OF YEAR 738,215 4,296,265 0 (887,139)
Adjustment of prior period 0 0 0 0
FUND BALANCE (DEFICIT) AT BEGINNING
OF YEAR AS RESTATED 738x235 4,296,265 0 (887,139)
FUND BALANCE (DEFICIT) AT END OP YEAR $ 1,149,282 $ 4,84860 $ 124,552 $ (7901445)
See Notes to Financial Statements
24
r
Fiduciary
Fund Types Memorandum Total
Expendable December 31 December 31
Trusts 1986 1985
$ 312,938 $ 17,888,662 $ 16,308,828
0 581,360 716,130
0 20,720,989 19,890,173
O 1,742,650 1,673,283
O 67,198 78,261
329,871 1,543,522 1,414,353
890,154 2,231,622 2,342,350
O 1,680,356 1,631,937
1,532,963 46,456,359 44,055,315
O 6,525,593 6,120,744
O 7,496,132 7,283,096
O 8,505,739 8,547,979
O 14,660,502 13,748,609
980,366 1,401,846 1,647,115
O 265,352 731,073
O 6,025 10,264
O 4,053,483 3,854,860
O 1,075,380 1,515,560
O 252,753 88,500
O 488,119 465,517
980,366 44,730,924 44,013,317
552,597 1,725,435 41,998
O 3,347,991 3,823,908
(15,474) (3,351,695) (4,280,165)
O 0 219,949
(15,474) (3,704) (236,308)
537,123 1,721,731 (194,310)
4,761,375 8,908,716 9,103,026
(80,877) (80,877) 0
4,680,498 8,827,839 9,103,026
$ 5,217,621 $ 10,549,570 $ 8,908,716
25
COUNTY OF WELD
STATE OF COLORADO
COMBINED STATEMENT OF REVENUES AND EXPENDITURES
$UDkT AND ACTUAL - ALL GOVERNMENTAL PUN$ TYPES
December 31, 1986
General Special Revenue
- Variance Variance
Estimate/ Favorable Estimate/ Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVENUES:
Taxes $ 10,245,112 $ 10,258,786 $ 13,674 $ 6,698,728 $ 6,722,049 $ 23,321
Licenses and permits 376,575 363,103 (13,472) 220,500 218,257 (2,243)
Intergovernmental 1,061,159 1,144,412 83,253 21,541,534 19,514,492 (2,027,042)
Charges for services 1,352,129 1,237,710 (114,419) 320,150 494,900 174,750
Fines and forfeitures 13,250 67,198 53,948 0 0 0
Miscellaneous 2,301,231 2,176,582 (124,649) 2,500 173,038 170,538
Fee accounts 1 547 500 1,680,356 _ 132,856 0 0 0
Total Revenues 16,896,956 _ 16,928,147 31,191 28,783,412 27,122,736 (1,660,676)
EXPENDITURES:
Current Operating:
General government 6,782,105 6,525,593 256,512 0 0 0
Public safety 7,902,061 7,496,132 405,929 0 0 0
Public works 566,077 482,827 83,250 10,878,494 8,022,912 2,855,582
Public health and welfare 169,106 169,106 0 14,624,778 14,491,396 133,382
Miscellaneous 290,325 286,978 3,347 141,163 134,502 6,661
Culture and recreation 28,448 86,562 (58,114) 190,722 178,790 11,932
Conservation of natural
resources 6,025 6,025 0 0 0 0
Economic assistance 0 0 0 5,074,555 4,053,483 1,021,072
Capital outlay 131,889 69,650 62,239 12,500 25,765 (13,265)
Debt service 170,978 170,977 1 0 0 0
Inteagovernmental 0 0 0 495087 488119 6968
, , ,
Total Expenditures 16,047,014 15,293,850 75 4 31,417,299 27,394,967 ...-212222212?
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 849_,942 1,634,297 784,355 (2,633,887} {272,231) 2,361,656
OTHER FINANCING SOURCES (USES):
Operating transfers - in 72,132 59,140 (12,992) 2,657,296 2,878,377 221,081
Operating transfers - out (1,191,585) _ (1,282,370) (90,785) (1,994,711) (2,053,851) _ (59,140)
Total Other Financing
Sources (Uses) (1,119,453) (1,230) (103,777) 662 585 824,526_ 161,941
E'.CESS OF REVENUES AND OTHER ...
SOURCES OVER (UNDER)
EXPENDITURES AND OTHER USES .S____( 21.11.1) 1____411226.7_ 1_____619.01 $ (1,971,302) S 552,295 $ 2,523,597
See Notes to Financial Statements
26
Capital Projects Special Assessments Memorandum Totals
Variance Variance 4ariance
Estimate/ Favorable Estimate/ Favorable Estimate/ Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ 603,500 $ 594,889 $ (8,611) $ 0 $ 0 $ 0 $17,547,340 $17,575,724 $ 28,384
0 0 0 0 0 0 597,075 581,360 (15,715)
41,625 62,085 20,460 0 0 0 22,644,318 20,720,989 (1,923,329)
0 10,040 10,040 0 0 0 1,672,279 1,742,650 70,371
0 0 0 0 0 0 13,250 67,198 53,948
0 0 0 229,826 205,499 (24,327) 2,533,557 2,555,119 21,562
0 0 0 0 0 0 1,547,500 1,680,356 132,856
645,1.25 6^ 67,014 21889 229826 205,499 (24,327) 46,555,319 44,923,396 (1,631,923)
0 0 0 0 0 0 6,782,105 6,525,593 256,512
0 0 0 0 0 0 7,902,061 7,496,132 405,929
0 0 0 0 0 0 11,444,571 8,505,739 2,938,832
0 0 0 • 0 0 0 14,793,884 14,660,502 133,382
0 0 0 0 0 0 431,488 421,480 10,008
0 0 0 0 0 0 219,170 265,352 (46,182)
0 0 0 0 0 0 6,025 6,025 0
0 0 0 0 0 0 5,074,555 4,053,483 1,021,072
1,229,053 922,462 306,591 57,504 57,503 1 1,430,946 1,075,380 355,566
0 0 0 202,796 81,776 121,020 373,774 252,753 121.,021
0 0 0 0 0 0 495,087 4� 8�8,119 6,968
1,229,053 922462 306,591 260,300 139,279 121,021 48,953,666 43,750,558 5,203,108
(583,928) (255,448) 328,480 (30,474) 66,220 96,694 (2,398,347) 1,172,838 3,571,185
473,000 380,000 (93,900) 30,474 30,474 0 3,232,902 3,347,991 115,089
0 0 0 0 0 0 (3,186,296) (3,336,221) (149,925)
473,000 380,000 (93,000) 30,474 _ 30,474 0 46,606 11,770 (34,836)
L-5.11-2......092...9 $ 124,552 $ 235,480 S 0 $ 96,694 1_-_22.1!$.24 $(2,351,741) $ 1,184,608 1-2422121!
349
27
COUNTY OF WELD
STATE OF COLORADO
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS/
FUND BALANCES - ALL PROPRIETARY FUND TYPES AND PENSION TRUST FUNDS
December 31, 1986
Proprietary Fiduciary
Fund Type Fund Type Memorandum Totals
Internal Pension December 31 December 31
Service Trust 1986 1985
OPERATING REVENUES:
Earnings on investments $ 37,661 $ 3,105,919 $ 3,143,580 $ 1,771,024
Change in unrealized appreciation
(depreciation) in fair market
value of investments 0 (507,173) (507,173) 1,423,993
Contributions 0 1,487,861 1,487,861 1,417,765
Charges for services 4,588,229 0 4588, ,
229 3839,169
,
Total Operating Revenues 4,625,890 4 086, ,
607 8712,497 8----1---4---
451951
OPERATING EXPENSES:
Personnel services 1,319,135 0 1,319,135 1,174,945
Contractural services 1,451,478 0 1,451,478 1,396,182
Supplies 340,802 0 340,802 332,402
Heat, light, and power 238,610 0 238,610 36,412
Repair and maintenance 224,723 0 224,723 50,747
Insurance and bonds 372,345 0 372,345 267,922
Claims 132,136 0 132,136 160,537
Other 35,391 0 35,391 2,119
Benefit payments 0 464,517 464,517 438,398
Refunds 0 246,809 246,809 192,416
Administrative 0 116,852 116,852 91,491
Depreciation . __1,245,277 0 1,245,277 1,210,756
Total Operating Expenses 5,359, , ,
897 828178 6188, ,
075 5354,327
Operating Income (loss) (734,007) 3,258,429 2,524422 3,097,624
NONOPERATING REVENUE (EXPENSES):
Taxes 546,921 0 546,921 540,138
Farm income 2,807 0 2,807 1,572
Gain (loss) on sale of assets 11,329 0 11,329 31,380
Interest expense (20,094) 0 (20,094) (55,338)
Judgements and damages 30, , ,
492 0 30492 102475
Total Nonoperating Revenue
(Expenses) 571,455 0 571,455 620,227
Income Before Operating Transfers (162,552) 3 2258429 3, ,
095877 3,717,851
— 84
OPERATING TRANSFERS - IN 0 3704 704 381,256
- ,
NET INCOME (162,552) 3,262,133 3,099,581 4,099,107
RETAINED EARNINGS/FUND BALANCE
AT BEGINNING OF YEAR 2,530,872 16,858,875 19,389,747 15,290,640
Adjustment of prior period (503,200) 0 (503,200) 0
RETAINED EARNINGS/FUND BALANCE
AS RESTATED 2 027,672 16,858,875 18,886,547 15,290,640
RETAINED EARNINGS/FUND BALANCE
AT END OF YEAR $ 1,865,120 $ 20,121,008 $ 21,986, ,
128 $ 19389,747
See Notes to Financial Statements
28
COUNTY OF WELD
STATE OF COLORADO
COMBINED STATEMENT OF CHANCES IN FINANCIAL POSITION -
ALL PROPRIETARY FUND-TYPES AND PENSION TRUST FUNDS
December 31, 1986
Proprietary Fiduciary Memorandum
Fund Type Fund Type Total
Internal Pension December 31 December 31
Service Trust 1986 1985
WORKING CAPITAL PROVIDED:
Net Income (Loss) $ (162,552) S 3,262,133 S 3,099,581 $ 4,099,107
Items which did not require
outlay of working capital:
Depreciation 1,245,277 0 1,245,277 1,210,756
Gain on sale of fixed assets (11,329) 0 (11,329) (31,376)
Working capital provided by
operations 1,071,396 3,262,133 4,333,529 5,278,487
OTHER SOURCES:
Contributions from capital
expenditures 28,167 0 28,167 36,983
Contributions from other funds 74,467 0 74,467 4,899
Proceeds from sale of fixed assets 236,238 0 236,238 378,054
Working Capital Provided 1,410,268 3,262,133 4,672,401 5,698,423
WORKING CAPITAL APPLIED:
Acquisition of fixed assets 1,110x907 0 1,110,907 2,392,449
Working Capital Applied 1,110,907 0 1,110,907 2,392,449
INCREASE IN WORKING CAPITAL $ 299,361 $ 3,262,133 $ 3,561,494 $ 3,305,974
CHANGES IN COMPONENTS OF
WORKING CAPITAL:
Increase (decrease) in current
assets:
Cash and short term investments $ 527,778 $ 5,402 $ 533,180 $ (526,576)
Cash - other 0 (26,737) (26,737) 29,801
Investments 0 3,230,880 3,230,880 3,940,555
Receivables:
Accounts 38,662 50,261 88,923 (196,054)
Delinquent property taxes 3,234 0 3,234 2,421
Due from other county funds (438,006) (28) (438,034) 251,950
Due from other governmental
units 0 0 0 (3,756)
Inventories (60,957) 0 (60,957) 44,671
Prepaid and other assets 198,486 4,216 ___2922221 (1,449)
Net increase (decrease)
in current assets 269,197 3,263,994 3,533,191 3,541,563
(Increase) decrease in current
liabilities:
Accounts payable 74,236 (1,861) 72,375 (143,711)
Accrued liabilities (15,889) 0 (15,889) (11,138)
Due to other county funds (4,949) 0 (4,949) 8,431
Deferred revenue (23,234) 0 (23,234) (9,171)
Advances from other funds 0 0 0 (80,00(2)
Net (increase) decrease in
current liabilities 30x164 (1,861) - 28,303 (235,589)
INCREASE IN WORKING CAPITAL $ 299,361 $ 3,262,133 1_21.2.9:212i $ 3,305,974
See Notes to Financial Statements
29
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1986 '
Note 1 - Summary of Significant Accounting Policies:
The County of Weld was established in 11361, and on January 1, 1976
became a home rule county under the provisions of Section
30-35-5O1, 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.
30
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
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 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, 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:
31
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
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.
32
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
Proprietary Fund Types:
All proprietary funds and pension trust funds are
accounted for on a cost of services or "capital
maintenance" measurement focus. This means that all
assets and all liabilities (whether current or
non—current) associated with their activity are included
on their balance sheets. Their reported fund equity
(net total assets) is segregated into contributed
capital and retained earnings components. Proprietary
fund type operating statements present increases
(revenue) and decreases (expenses) in net total assets.
Internal Service Funds:
Internal Service Funds are established to account
for goods and services provided to other
departments of the County on a cost-reimbursement
basis.
Fiduciary Fund Types:
Trust and Agency Funds:
Trust and Agency Funds are established to record
transactions relating to assets held by the County
in the capacity of trustee, custodian or agent for
individuals, governmental entities and non-public
organizations. These include expendable trust,
pension trust and agency funds.
Fixed Assets, Long-term Liabilities and Long-term Receivables:
The accounting and reporting treatment applied to the fixed
assets and long-term liabilities associated with a fund are
determined by its measurement focus as discussed above.
All fixed assets are valued at historical cost or estimated
historical cost if actual historical cost is not available.
Donated fixed assets are valued at their estimated fair value
on the date donated.
Fixed assets used in governmental fund type operations are
accounted for in the General Fixed Assets Account Group,
rather than in governmental funds. Acquisitions of general
fixed assets are recorded as capital outlay expenditures
within the governmental funds. Public domain
("infrastructure") general fixed assets consisting of roads,
bridges and rights-of-way are not capitalized. No
depreciation has been provided on general fixed assets.
33
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
Depreciation of all exhaustible fixed assets used by
Internal Service Funds is charged as an expense against their
operations. Accumulated depreciation is reported on
Internal Service Fund balance sheets. Depreciation has been
provided using the straight line method over the estimated
useful lives, as follows:
Buildings 30 years
Land Improvements 20 years
Equipment and furniture 3-10 years
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.
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.
34
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
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 1986,
three supplemental appropriation ordinances were enacted.
Budget amounts reported in the accompanying financial
statements include these supplemental appropriations.
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
35
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
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, 1986 levies for the applicable funds
of the County are as follows:
Levy
Mills Amount
General Fund 11.466 $ 10, 165, 112
Road & Bridge 3. 143 2,786,578
Social Services Fund 2.412 2, 138,001
Contingent Fund .787 697,889
Capital Expenditures Fund .629 557,525
North Colorado Medical
Center Trust Fund .329 291,725
IGS - Insurance .576 511,095
TOTAL 19.342 $ 17, 147,925
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.
36
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
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 and Vacation Pay:
Accrued vacation and sick pay 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, 1986, the liability for accumulated sick-leave
approximated $593,820.
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, 1986, the
liability for accumulated vacation approximated $469,726.
Vacation is recorded as an expenditure in the applicable
fund when paid.
Vacation and sick-leave are accrued in the Proprietary Fund
Types when earned.
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.
37
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1986
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 20Q 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. Interfund
eliminations have not been made in the aggregation of this
data.
Note 2 - 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
$17, 197,819. Of this amount, $903,265 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.
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.
38
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
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.
Carrying Market
Category 1 Category 2 Amount Value
Federal Funds $ 4,200,000 $ 0 $ 4,200,000 $ 4,200,000
Certificate of Deposit 12,870,300 0 12,870,300 12,870,300
U.S. Government
Securities 5,728,723 0 5,728,723 5,720,661
Common Stock 10,966,878 - 0 10,966,878 10,966,878
Corporate Bonds 2,921,405 0 2,921,405 2,921,405
Mortgages 0 877,226 877,226 877,226
TOTALS $36,687,306 $ 877,226 $37,564,532 $37,556,470
The Pension Trust Fund owns approximately 50% of the
investments in Category 1 and 100% of the investments in
Category 2. The County incurred approximately $48,000 of
losses on sales of investments during the year.
Note 3 — Receivables:
The allowance for uncollectible receivables consists of the
following at December 31, 1986: Allowance For
Fund Uncollectibles
General $ 246,777
Special Revenue 54, 192
Capital Projects 3,119
Internal Service 5,072
Trust & Agency 4,263
TOTAL $ 313,423
39
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1986
Note 4 — Individual Fund Interfund Receivable and Payable Balances:
Interfund receivable and payable balances at December 31 , 1986 are
as follows:
Interfund Interfund
Receivables Payables
General Fund $ 61,759 $ 303,381
Special Revenue Funds:
Road and Bridge Fund 70,632 160,418
Social Services Fund 877 32,473
Public Health Fund -0- 7,566
Human Resources Fund 100,477 50,758
Solid Waste Fund -0- 10,947
Housing Authority Fund 1,245 7,343
Capital Expenditures Fund 23 23
Special Assessment Funds:
Improvement District Number 1983-2
Elmore Road -0- 3,035
Antelope Hills 42,030 57,503
Internal Service Funds:
Motor Vehicle Fund 170,324 1,068
Printing and Supply Fund 34,859 6,626
Computer Services Fund 119,722 30,582
Insurance Fund 4,788 -0-
PBX Fund 63,636 6
Trust and Agency Funds:
Payroll Agency Fund 5,482 50
Health Insurance Fund 767 4,842
TOTAL $ 676,621 $ 676,621
Note 5 - Special Assessments:
Weld County has three Special Assessment funds which are on the
Treasurer's Role for improvements to be paid for by the property
owners.
40
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
The following schedule shows the assessment amount due for each
fund:
Year Ended Elmore Antelope
December 31, 1986 Road Road 5 Hills Total
1987 $ 946 $100,000 $ 2,703 $ 103,649
1988 946 100,000 2,703 103,649
1989 946 100,000 2,703 103,649
1990 946 100,000 2,703 103,649
1991 944 100,000 2,703 103,647
Thereafter -0- 475,000 13,515 488,515
Total Assessment
Receivable $4,728 $975,000 $27,030 $1,006,758
Note 6 - 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 From Transfer To
Special Capital Special Trust/
Operating General Revenue Projects Assessment Agency Total
Transfer:
General $ -0- $1,078,666 $200,000 $ -0- $3,704 $1,282,370
Special 59, 140 1,799,711 180,000 15,000 -0- 2,053,851
Trust &
Agency -0- -0- -0- 15,474 -0- 15,474
Total: $59, 140 $2,878,377 $380,000 $30,474 $3,704 $3,351,695
Note 7 - Changes in General Fixed Assets:
A summary of changes in general fixed assets follows:
Balance Balance
1/1/86 Additions Deletions 12/31/86
Land $ 1,577,227 $ 11,724 $ -0- $ 1,588,951
Improvements other
than buildings 206,466 11,545 -0- 218,011
Buildings 17,851,656 886,368 -0- 18,738,024
Machinery and
equipment 2,774,342 580,003 306,021 3,048,324
Total $22,409,691 $1,489,640 $ 306,021 $23,593,310
41
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1986
Transfers among departments of $164,247 are not included above.
Note 8 - Capital Lease Obligation:
During 1986, Weld County entered into two separate agreements for
the lease of phone systems. The terms of each agreement provide
options to purchase the equipment at any time during the five or
seven year lease term. Both leases meet the criteria of a capital
lease as defined by Statement of Financial Standards No. 13
"Accounting for Leases" The present value of these lease
obligations, $219,949 was capitalized as equipment in the general
fixed assets account group and a similar amount was recorded as
an obligation in the long-term debt account group.
The following is a schedule of the future minimum lease payments
under the capitalized leases together with the present value of
the net minimum lease payments as of December 31, 1986.
Human Social
Year Ending December 31, Resources Services Total
1987 $ 17,802 $ 29,645 $ 47,447
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
Thereafter 0 27,262 27,262
Total minimum lease payments 69,724 175,480 245,214
Less: Amount representing
interest (11,842) (42,891) (54,733)
Present value of net minimum
lease payments $ 57,882 $132,599 $190,481
Note 9 - Tax Anticipation Notes:
In 1986 Weld County issued tax anticipation notes, Series 1986A,
in the amount of $2,675,000. 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, 1986 all bonds were due and payable.
$1,450,000 of the bonds were not redeemed by bondholders until
1987. Interest ceased to accrue on the redemption date of
December 31, 1986.
42
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
Note 10 - 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, 1986:
Balance Balance
1/1/86 Additions Reductions 12/31/86
Phone Lease
Obligation
(Note 8) $ 219,959 $ -0- $ 29,478 $ 190,481
Vacation & Sick
Leave 962,324 101,222 $ -0- $1,063,546
TOTAL $1,182,283 $101,222 $ 29,478 $1,254,027
Sick leave and vacation accruals for Governmental Fund types are
recorded in this fund together with the capital lease obligations
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 $26,596,928 as of December 31, 1986.
At December 31, 1986, there are $800,000 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 1987 through 1991 and $300,000 thereafter.
Note 11 - 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.
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.
43
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31 , 1986
Reserve for Prepaid Items:
These reserves are established to record all prepaid
items.
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, 1987.
The following is a summary of all reported reserves by fund type:
Special Capital Trust and
Reserves General Revenue Projects Agency Total
Advance to Spe-
cial Assess-
ment Fund $ 31,758 $ 75,000 $ -0- $ -0- $ 106,758
Advance to
Internal Ser-
vice Fund 80,000 -0- -0- -0- 80,000
Encumbrances 121,524 1,493,900 116,887 -0- 1,732,311
Inventories 30,734 839,270 -0- -0- 870,004
Prepaid
Items 24,362 33,432 -0- -0- 57,794
Employee
Benefits -0- -0- -0- 20, 121,008 20,121,008
TOTAL $288,378 $2,441,602 $116,887 $20, 121,008 $22,967,875
44
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
Note 12 - Prior Period Adjustment:
An adjustment was made to move all reserves for claims incurred
but not reported from a reservation of fund equity to a liability.
The net result is as follows:
Fund Balance/ Fund Balance/
Retained Earnings Retained
as Previously Earnings
Reported Adjustment as Adjusted
Internal Service
Fund:
Insurance $ 703,051 $503,200 $ 199,851
Expendable Trust
Fund:
Health Insurance $ 982,845 $ 80,877 $ 901,968
Note 13 — Other Required Individual Fund Disclosures:
The deficit fund balance of the Special Assessment Funds
(Improvement District Road 5 - $765,020, Improvement District
Number 1981-2 Elmore Road - $1,099 and Antelope Hills Special
Assessment - $24,326) 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.
Excesses of expenditures over appropriations in individual funds
are as follows:
Revised Over-
Appropriation Expenditures expenditure
Special Revenue Funds:
Social Services $ 13,322,972 $ 13,370,428 $(47,456)
This excess of expenditures over appropriations in the Social
Services Fund is attributable to an increase in load of welfare
recipients.
In—kind contributions and expenditures are not included as
budgetable items.
45
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
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 14 - 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, 1986 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 5.5%, by directive of the retirement board,
to the Retirement Plan which is equally matched by the County.
Contributions during 1986 for both the County and the employees
totalled $1,487,861 .
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 .
46
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 December 31, 1986 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
Benefit Obligation: $ 4,284,496
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.
47
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS (Continued)
Year Ended December 31, 1986
Note 15 - 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.
Note 16 - 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.
48
kti
1f
COMBINING STATEMENTS
INDIVIDUAL FUND AND
ACCOUNT GROUP
STATEMENTS
AND SCHEDULES
Y t` .WRcr
COLORADO
f o�
zy
G'EER ► L<r FUND
" s The ;.General Fund accounts for all financial transactions of the County
that arte 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.
A q
Y� 1 i �{ R i Y '
y + ri
COLORADO,
COUNTY OF WELD
STATE OF COL(}kADO
GENERAL FUND
BALANCE SHEET
December 31, 1986 and 1985
1986 1985
ASSETS
ASSETS:
Cash and short term investments $ 2,874,747 $ 1,206,795
Cash - other 23,500 120,083
Receivables (net of allowance for uncollectibles):
Current property tax 10,620,045 10,165,112
Delinquent property tax 244,400 190,169
Accounts - Ambulance service 223,355 252,286
Accounts - Other 132,485 117,286
Due from other county funds 61,759 198,440
Due from other governmental units 235,553 235,312
Advances to other funds 111,758 86,738
Inventories 30,734 32,248
Prepaid expenses 24,362 21,556
TOTAL ASSETS $ 14,582,698 $ 12,626,025
LIABILITIES AND FUND BALANCE
LIABILITIES:
Accounts payable $ 118,346 $ 154,799
Accrued liabilities 585,408 463,398
Due to other governments 9,199 114,253
Due to other county funds 303,381 693,783
Deferred revenue 10,864,445 10,340,958
Unexpended grant revenue 102,037 120,619
Other liabilities 600 0
Bonds payable 1,450,000 0
TOTAL LIABILITIES 13,433,416 11,887,810
FUND BALANCE:
Reserve for encumbrances 121,524 78,737
Reserve for advances to other funds 111,758 86,738
Reserve for inventories 30,734 32,248
Reserve for prepaid items 24,362 21,556
Unreserved:
Designated for subsequent year's expenditures 141,987 270,000
Undesignated 718917 248936
, ,
TOTAL FUND 'AtANCE 1,149,282 738,215
TOTAL LIABILITIES AND FUND BALANCE $ 14,582,698 $ 12,626,025
49
COUNTY OF WELD
SLATE 01' COLORADO
GENERAL FUND
Schedule Of Revenues Compared With Estimate
December 31, 1986
With Comparative Actual. Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
TAXES: Estimate Actual Variance Actual
General property tax $ 10,165,112 $ 10,141,869 $ (23,243) $ 9,742,573
Severance tax 16,000 3,348 (12,652) 17,988
Tobacco products 64,000 59,615 (4,385) 61,628
Penalties & interest 0 53,954 53,954 51,129
Total Taxes 10,245,112 10,258,786 13,674 9,873,318
LICENSES AND PERMITS:
Liquor licenses 3,700 3,465 (235) 5,455
Planning permits 50,875 64,821 13,946 61,051
Building permits 267,000 249,658 (17,342) 249,274
Electrical permits 55, , ,
000 45159 (9 841) 52,459
Total Licenses and Permits 376,575 363,103 _ill.„42/) 368,239
INTERGOVERNMENTAL REVENUE:
Contract payments 130,000 141,255 11,255 114,805
Grant 823,059 860,379 37,320 660,171
State grants 0 0 0 484
District Attorney 38,000 38,000 0 37 819
Veterans Office 600 550 (50) X600
Cities & towns 69,500 104,228 34,728 77,943
Total Intergovernmental Revenue 1,061,159 1,144,412 83,253 891,822
CHARGES FOR SERVICES:
Plan checking fees 13,500 5,387 (8,7.13) 6,663
Books 7,000 8,425 1,425 7,327
Charge for service 315,381 225,528 (89,853) 191,778
Sale of supplies 4,800 4,715 (85) 5,453
City contracts 96,337 82,012 (14,325) 65,649
Rescue unit fees 882,611 879,868 (2,743) 850,484
Parking 16,500 15,888 (612) 15,675
Refuse disposal 1,000 588 (412) 781
Weed spraying 15,000 15,299 299 13,354
Total Charges for Services 1,352,129 1,237,710 (114,419) 1,157,164
FINES AND FORFEITURES:
Victim witness surcharge 2.5% (2,500) 0 2,500 0
Professional services (3,000) 0 3,000 2,105
Property forfeitures/evidence 0 2,905 2,905 11,134
Fines (drunk drivers) 18,750 64,293 45,543 56,216
Total Fines and Forfeitures 13,250 67,198 53,948 69,455
MISCELLANEOUS REVENUE:
Miscellaneous 4,700 64,469 59,769 99,899
Earnings on investments 1,347,716 1,213,651 (134,065) 1,070,210
Oil & gas leases 0 2,180 2,180 2,265
Rents from buildings 132,900 156,101 23,201 140,039
Royalties 300,000 251,249 (48,751) 419,761
Car seat rentals 70,530 69,030 (1,500) 105,045
Special assessments 309,089 328,549 19,460 250,202
Car seat donations 0 3,872 3,872 3,100
In kind 65,200 60,908 (4,292) 61,766
DUI fees 66,596 5,011 (61,585) 6,275
Bond application fee 0 333 333 21,644
Public Trustee deeds 4,500 9,689 5,189 8,218
Sale of assets 0 11,540 11,540 2,351
Total Miscellaneous Revenue 2, , , , , , ,
301231 2 (124 649) 2
FEE ACCOUNTS:
Sheriff's fees 114,500 114,795 295 119,041
Clerk & Recorder fees 1,030,000 1,039,068 9,068 1,094,566
Treasurer's fees 366,000 461,171 95,171 378421
Advertising 13,000 37,570 24,570 14,401
Assessor's fees 24,000 27,752 3,752 25,508
Total Fee Accounts 1,547, , , , , ,
500 1 132856 1
TOTAL REVENUE $ 16,896,956 $ 16,928, , , ,
147 $ 31191 $ 16
50
COUNTY OF WELD
STATE Olf COLORADO
GENERAL FUND
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
GENERAL GOVERNMENT: - -
Office of the board S 248,411 $ 234,885 $ 13,526 $ 232,102
County attorney 309,345 306,852 2,493 273,113
Public Trustee 4,500 3,790 710 984
Planning and zoning 235,696 218,542 17,154 238,150
County Clerk 1,091,952 1,082,883 9,069 1,036,285
Elections and registration 333,826 292,541 41,285 101,917
County Treasurer 548,438 477,176 71,262 367,274
County Assessor 941,105 934,441 6,664 838,522
Maintenance of buildings and grounds 1,062,929 1,027,203 35,726 994,751
County Council 24,799 10,839 13,960 17,349
District Attorney 1,000,943 977,800 23,143 863,805
Juvenile Diversion Grant 115,126 112,489 2,637 123,074
Victim Assistance 53,060 53,226 (166) 1,356
Pac - Diversion 48,183 38,975 9,208 0
Financial administration 125,198 122,225 2,973 119,854
General accounting 298,518 296,793 1,725 270,063
Purchasing 135,239 131,762 3,477 123,930
Personnel 204,837 203,171 1,666 288,210
PBX phone service 0 0 0 230,005
Total General government 6,782,105 6,525,593 256,512 6,120,744
PUBLIC SAFETY:
Sheriff administration 1,120,665 1,069,162 51,503 1,084,774
Crime control and investigation 1,865,029 1,810,012 55,017 1,773,158
Posse - special deputies 6,607 5,355 1,252 944
Regional Forensic Laboratory 92,458 87,126 5,332 55,584
Communications Services 633,354 624,040 9,314 567,694
Communication system development 245,237 156,192 89,045 59,312
Ambulance services 937,006 834,270 102,736 851,691
County Coroner 65,925 62,394 3,531 54,934
Correctional administration 1,978,160 1,966,092 12,068 1,912,493
Community correction 172,000 170,242 1,758 236,161
Delinquents and other institutions 160,052 155,628 4,424 152,670
Public service - DUI 67,635 55,383 12,252 44,799
Building inspection 260,435 241,653 18,782 221,168
Office of Emergency Management 45,514 39,045 6,469 36,050
Energy impact - Hasmat 49,863 23,559 26,304 33,719
Predatory animal control 8,000 8,000 0 8,000
Animal control 67,146 67,146 0 67,500
Pest/weed control 126,975 120,833 6,142 1221.445
Total Public Safety 7,902,061 7,496,132 405,929 7,283,096
PUBLIC WORKS:
General engineering 343,662 271,468 72,194 260,870
Extension service 180,447 169,737 10,710 159,560
Veterans office 41,968 41,622 346 38,269
Airport 0 0 0 60,000
Total Public Works 566077 482,827 83 250 518,699
PUBLIC HEALTH AND WELFARE:
Mental health 69,458 69,458 0 69,458
Developmentally disabled 39,148 39,148 0 36,587
Seniors programs 10,500 10,500 0 10,000
Patient advocacy 50,000 50,000 0 0
Total Public Health and Welfare 169,106 169,106 0 115
(Continued on next page)
51
COUNTY OF WILD
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
MISCELLANEOUS:
Tax anticipation notes $ 17,700 $ 17,700 $ 0 $ 0
Other 203,595 200,248 3,347 554,879
IRB building rents 69,030 69,030 0 103545
,
Total Miscellaneous Expenditures 290,325 286,978 3,347 658,424
CULTURE AND RECREATION:
Missle site park 3,089 2,537 552 24,850
County fair 25,359 84,025 (58,666) 70,771
Total Culture and Recreation 28,448 86,562 (58,114) 95,621
CONSERVATION OF NATURAL. RESOURCES:
Northern Colorado Research Center 3,000 3,000 0 3,000
Greeley West Soil Conservation 3,025 3,025 0 7,264
Total Conservation of Natural
Resources 6,025 6,025 0 10,264
CAPITAL OUTLAY:
Equipment 131,889 69,650 62,239 110,985
Total Capital Outlay 131,889 69,650 62,239 110,985
DEBT SERVICE:
Tax anticipation notes 170,978 170,977 1 0
Total Debt Service 170,978 1;0,977 1 0
TOTAL EXPENDITURES $ 16,047,014 $ 15,293,850 S 753,164 $ 14,913,878
(Continued from Preceeding Page)
52
COUNTY OF WELD
STATE OF LOLhRA)O
GENERAL FUND
Schedule of Operating Transfers-In Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Est mate cctual aria-nce Ac—'" tu"�a
OPERATING TRANSFERS - IN:
Non-Departmental S 0 $ 0 $ 0 $ 310,000
Pat - Diversion 72,132 59,140 (12,992) 0
TOTAL OPERATING TRANSFERS-IN 1____222121 $ 59,140 $ (12,992) $ 310,000
Schedule of Operating Transfers-Out Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
OPERATING TRANSFERS - OUT:
Appropriation grants-in-aid $ 1,191,585 $ 1,282,370 $ (90,785) $ 1,986,123
TOTAL OPERATING TRANSFERS-OUT $ 1,191,585, $ 1,282,370 $ (90,785) 12221t,312
53
SPECIAL REVENUE
FUNDS
Special ,Revenue Funds are established to account for taxes or other
earmarked- revenues of the County which finance specified activities as
a r required by law or administrative action.
4014
COLORADO
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1986
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.
55
COUNTY OF WELD
STATE OP COLORADO
SPECIAL REVENUE Inns
COMBINING BALANCE SHEET
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
Federal
Road and Social Revenue Conservation
Bridge Services Sharing Trust Contingent
Fund Fund Fund Fund Fund
ASSETS
ASSETS:
Cash and short term
investments $ 2,402,664 $ 1,355,098 $ 0 $ 122,879 $ 46,047
Cash - other 4,156 4,150 0 0 0
Receivables (net where
applicable of allowance
for uncollectibles):
Current property tax 3,392,578 2,271,834 0 0 950,723
Delinquent property
tax 66,465, 51,374 0 0 13,160
Accounts 33,929
Due from other county funds 70,632 (877)0 0 0
877 0 0 0
Due from other governmental
units 323,074 0 0 0 0
Advances to other funds 0 0 0 0 0
Inventories 814,944 0 0 0 0
Prepaid items 0 3,163 0 0 0
TOTAL ASSETS $ 7,108,442 $ 3 68� 6,175 S 0 $ 122,879 $ 1,009,930
LIABILITIES AND FUND BALANCE
LIABILITIES:
Voucher and warrants
payable $ 57,242 $ 2,265 $ 0 $ 0 $ 0
Accrued liabilities 119,721 51,544 0 0 0
Due to other governmental
units 43,622 1,242,639 0 0 0
Due to other county funds 160,418 32,473 0
Deferred revenue 3' >459 043 2 323,>208 0 0 0
' 0 963,883
Unexpended grant revenue 0 0 0 0 0
Other liabilities 0 20,050 0 0 0
Total Liabilities 3,840,046 3,672, ,
179 0 0 963883
FUND BALANCE:
Reserved:
Reserve for encumbrances 1,252,710 0 0 11,932 0
Reserve for inventories 814,944 0 0 0 0
Reserve for prepaid items 0 3,163 0 0 0
Reserve for advances 0 0 0 0 0
Unreserved:
Designated for subsequent
year's expenditures 1,280,000 0 0 0 0
Undesignated (79,258) _ 10,833 0 110,947 46,047
Total Fund Balance 3,268 396 _ 13, ,
996 0 122879 46,047
TOTAL LIABILITIES AND
FUND BALANCE $ 7,108,442 $ 3,686,175 $ 0 $ 122,879 $ 1,009,930
56
Public Human Solid Housing Total
Health Resources Waste Authority December 31 December 31
Fund Fund Fund Fund 1986 1985
$ 225,376 $ 636,423 $ 117,481 $ (6,620) $ 4,899,348 $ 4,499,199
200 75 0 16,054 24,635 21,143
0 0 0 0 6,615,135 5,615,952
0 0 0 0 130,999 93,750
30,194 131,632 15,613 0 211,047 177,916
0 100,477 0 1,245 173,231 480,265
153,257 1,332,743 0 172,775 1,981,849 2,741,981
0 0 75,000 0 75,000 75,000
24,326
0 839,270 597,260
0 1,288 0 28,981 33,432 19,226
$ 433,353 $ 2,202,638 $ 208,094 $ 212,435 $ 14,983,946 $ 14,321,692
$ 8,981 $ 59,801 $ 93 $ 14,819 $ 143,201 $ 309,248
46,957 135,846 0 2,066 356,134 297,434
0 0 0 0 1,286,261 1,244,018
7,566 50,758 10,947 7,343 269,505 815,908
6,600 771 75,000 0 6,828,505 5,792,773
126,134 900,167 0 155,543 1,181,844 1,498,509
0 49,886 0 0 69,936 67,537
196,238 1,197,229 86,040 179,771 10,135,386 10,025,427
5,229 67,494 0 156,535 3.,493,900 444,267
24,326 0 0 0 839,270 597,260
0 1,288 0 28,981 33,432 19,227
0 0 75,000 0 75,000 0
0 0 0 0 1,280,000 544,808
207,560 936,627 47,054 (152,852) 1,126,958 2,690,703
237,115 1,005,409 122,054 32,664 4,848,560 4,296,265
$ 433,353 $ 2,202,638 $ 208,094 $ 212,435 $ 14,983,946 $ 14,321,692
57
COUNTY OF WELD
SfiATE OF COLORADO
SPECIAL REVENUE FUNbs
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
Federal
Road and Social Revenue Conservation
Bridge Services Sharing Trust Contingent
Fund Fund Fund Fund Fund
REVENUES:
Taxes $ 3,685,947 $ 2,290,055 $ 0 S 0 $ 746,047
Licenses and permits 217,457 0 0 0 0
Intergovernmental 3,499,935 11,018,374 868,748 138,069 0
Charges for services 15,582 0 0 0 0
Fines and forfeitures 0 0 0 0 G
Miscellaneous 72,388 545 0 4,983 0
Earnings on investments 0 0 0 0 0
Total Revenues 7� 491,309 13,308,974 868,748 143,052 746,047
EXPENDITURES:
Current Operating:
Public works 8,022,912 0 0 0 0
Public health and welfare 0 13,313,626 0 0 0
Miscellaneous
40,1800 0 0
Culture and recreation 0 0 0 178,790 0
Economic assistance 0 0 0 0 0
Capital outlay 0 16,622 0 0 0
Intragovernmental 488,119 0 0 0 0
Other items 0 0 0 0 0
Total Expenditures 8,511,031 13,370, ,
428 0 178790 0
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (1,019,722) (61,454) ----212.222A (35,738) 746,047
OTHER FINANCING SOURCES:
Operating transfers - in 1,799,711 0 0 0 0
Operating transfers - out (15,000) (59,140) (1,219,711) 0 (700,000)
Inception of lease
purchase agreements 0 0 0 0 0
Total Other Financing
Sources (Uses) ---10.112211 (59,140) (1,219,711) 0 (700,000)
EXCESS OF REVENUES AND OTHER
SOURCES OVER (UNDER)
EXPENDITURES AND OTHER USES 764,989 (120,594) (350,963) (35,738) 46,047
FUND BALANCE AT BEGINNING
OF YEAR 2,503,407 134,590 350,963 158,617 0
FUND BALANCE AT END OF YEAR 1_2211,2122t $ 13,996 $ 0 1____I22,87! 1____211.22E.
58
Public Human Solid Housing Total
Health Resources Waste Authority December 31 December 31
Fund Fund Fund Fund 1986 1985
$ 0 $ 0 $ 0 $ 0 $ 6,722,049 $ 5,753,834
800 0 0 0 218,257 347,891
334,527 3,027,959 0 626,880 19,514,492 18,881,311
173,379 181,090 124,849 0 494,900 516,119
0 0 0 0 0 8,806
7 3 92,626 0 0 0 1,783 173,038 196,075
0 2225
,
509,419 3,301,675 124,849 628,663 27,122,736 25,706,261
0 0 0 0 8,022,912 8,029,280
1,177,770 0 0 0 14,491,396 13,632,564
0 0 24,871 69,451 134,502 90,965
0 0 0 0 178,790 635,452
0 3,496,029 0 557,454 4,053,483 3,854,860
5,157 0
0 3,986 25,765 149,542
0 0 488,119 465,517
0 0 0 0 0 11635
,
1,182,927 3,496,029 24,871 630,891 27,394,967 26,869,815
(673,508) (194,354) 99,978 (2,228) (272,231) (1,163,554)
644,829 433,837 0 0 2,878,377 2,919,728
0 0 (60,000) 0 (2,053,851) (2,294,042)
0 0 0 0 0 219,949
644,829 433,837 (60,000) 0 824,526 845,635
(28,679) 239,483 39,978 (2,228) 552,295 (317,919)
265,794 765,926 806 34,892 4,296,265 4,614,184
$ 237,115 $ 1,005,409 $ 122,054 $ 32,664 "a. $ 4,296,265
59
COUNTY OF WELD
STATL OF COLORAb0
SPECIAL REVENUE F'In1DS
ROAD AND BRIDGE FUND
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
tstimate Actual Variance Actual
TAXES:
General property tax $ 2,786,578 S 2,776,492 $ (10,086) $ 2,594,508
Specific ownership taxes 880,0 0 894,665 14,665 949,116
Penalties & interest 14790 14790 13087
, , ,
Total Taxes 3,666, ,
578 3685, , , ,
947 19369 3
LICENSES AND PERMITS:
Moving permits 220,000 217457 (2,543) 347,156
Total Licenses and permits 220, , , ,
000 217457 (2 543) 347156
INTERGOVERNMENTAL REVENUE:
Matching funds snow/gravel 1' 0 000 (1,000) 0
Mineral leasing 65,000 23,350 (41,650) 37,130
40,000 48,266 8,266 42,720
Payment in lieu of taxes 10,000 12,192 2,192 9,737
Grant 29,850 28,913 (937) 121,088
Motor vehicle registration fee 190,000 187,970 (2,030) 190,819
Highway user tax fund ...---2.---4---4128888 _ 3,199,244 (929,644) 2,864,307
Total Intergovernmental revenue 4 464, , , ,
738 3 (964 803) 3 ,
265801
CHARGES FOR SERVICES:
Charge for service 2,000 15,582 13,582 _ 21.773
Total Charges for services 2, ,
000 15582 13 582 2,773
MISCELLANEOUS REVENUE:
Other revenue 1, , _
000 72388 71,388 13,615
Total Miscellaneous revenue 1 ,
000 72388 71, ,
388 13615
TOTAL REVENUE $ 8,354,316 $ 7,491,309 $ (863,007) $ 7,186,056
60
COUNTY OF WELD
SPATE OF-COLORAbO
SP S
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget cam— Variance Actual
PUBLIC WORKS:
Roadway construction $ 86,451 $ 0 $ 86,451 $ 4,624
Bridge construction 943,999 571,390 372,609 777,665
Maintenance of condition 1,691,902 1,632,520 59,382 1,699,332
Maintenance support 1,008,357 759,361 248,996 601,997
Trucking division 992,983 866,106 126,877 1,160,986
Mining division 724,423 643,153 81,270 686,568
Administration 174,887 170,782 4,105 153,673
Other public works 5,255, ,
492 3379,600 1, , , ,
875892 2944435
Total Public works 10,878, , , ^ _ ,
494 8 2855,582 8,029,280
MISCELLANEOUS:
Other 0 0 0 ---__---2.---
6848
Total Miscellaneous 0 0 0 6848
,
INTRAGOVERNMENTAL:
Grants-in-aid to cities/towns 495_087 488, , ,
119 6968 465517
Total Intragovernmental 495, , , ,
087 488119 6968 465517
TOTAL EXPENDITURES $ 11,373, ,
581 $ 8511, , , ,
031 $ 2 $ 8501,645
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Est mate Actual Variance Actual
OPERATING TRANSFERS - IN:
Non-Departmental $ 1,799,711 $ 1,799,711 $ 0 $ 1,409,042
TOTAL OPERATING TRANSFERS-IN $ 1,799, , , 0
711 $ 1799711 $ $ 1,409,042
Schedule of Operating Transfers-out Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
OPERATING TRANSFERS - OUT:
Other public works $ 15, ,
000 $ 15000 $ 0 $ 0
TOTAL OPERATING TRANSFERS-OUT S 15, ,
000 $ 15000 $ 0 $ 0
61
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE PUNbS
SOCIAL SERVICES FUND
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate ctua -- Variance Actual
TAXES:
General property tax $ 2,138,001 S 2,130,996 $ (7,005) $ 2,029,426
Specific ownership taxes 163,647 147,709 (15,938) 156,139
Penalties 6 interest 0 11350 11350 10,236
, , ,
Total Taxes 2,301,648 2, , �. ,
290055 (11 593) 2,195,801
INTERGOVERNMENTAL REVENUE:
Contract payments 0 54,692 54,692 25,564
Federal shared 70,000 0 (70,000) 0
Direct assistance 10,897, ,
927 10 963, , , ,
682 65755 10233109_
Total Intergovernmental Revenue _ 10,967,927 11 018 374 50447 10
_1_1-- , , ,
MISCELLANEOUS REVENUE:
Sale of assets 0 545 545 0
Total Miscellaneous Revenue 0 545 545 0
TOTAL REVENUE S 13,265 $ 13,308,974 $ 39,399 S 12,454,474
62
COUNTY OF WELD
S O
SPECIAL REVENUE FONDS
SOCIAL SERVICES FUND
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
MUFF- Actual Variance Actual
PUBLIC HEATLH AND WELFARE:
Administrative - regular $ 2,830,000 $ 2,861,242 $ (31,242) $ 2,729,278
Administrative - IV-D 441,212 382,411 58,801 373,444
General assistance 90,000 91,098 (1,098) 98,484
Aid to the blind 7,051 7,051 0 9,088
Aid to families with
dependent children 4,549,505 5,086,201 (536,696) 4,994,848
Aid to needy disabled 485,561 475,069 10,492 425,982
Foster care 1,315,668 1,317,291 (1,623) 974,046
Day care 378,000 373,182 4,818 332,728
Medicaid transportation 23,000 22,677 323 13,469
Old age pension 1,732,991 1,728,780 4,211 1,729,008
Placement alternative care 305,780 228,365 77,415 124,524
IV-D 0 (534,707) 534,707
Administrative - LEAP 70,000 73,717 (k 98, 25)
(3,717) 98,425
Low energy assistance 1,094,204 1,146,556 (52,352) 1,048,893
FE MA 0 54,693 (54,693) 25,564
Total Public Health and Welfare _ 13,322 972 13,313,626 9,346 12,499,013
MISCELLANEOUS
Staff development 0 4,788 (4,788) (34,516)
Staff Travel 0 35,392 (35,392) 34,516
Other 0 0 0 62,432
Total Miscellaneous 0 40,180 ___... .1._._.03-80) 62,432
CAPITAL OUTLAY:
Administrative - regular 0 15,407 (15,407) 149,906
Administrative - IV-D 0 886 (886) 114
Administrative - LEAP 0 329 (329) (478)
Total Capital Outlay 0 16,622 (16,622) 149,542
TOTAL EXPENDITURES $ 13y322,972 $ 13,370,428 i____4.....1___.7456) $ 12,710,987
Schedule of Other Financing Sources Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
OTHER FINANCING SOURCES:
Inception of Lease Purchase
Agreements $ 0 §______I $ 0 1____I49,542.
TOTAL OTHER FINANCING SOURCES $ 0 $ 0 $ 0 $__ 149,542
Schedule of Operating Transfers-out Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
OPERATING TRANSFERS - OUT:
Placement alternative care $ 0 1.-- 3.21-L0- $ (59,140) $ 0
TOTAL OPERATING TRANSFERS - OUT $ 0 $ 59,140 1.--i19-,:10) $ 0
63
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE PDNDS .
1EDERAL REVENUE SHARING FUND
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance cfuaT—
INTERGOVERNMENTAL REVENUE:
Federal revenue sharing $ 868 748 $ 868,748 $ 0 $ 1,402,773
TOTAL REVENUE $ 868,748 $ 868,748 $ 0 $ 1,402,773
Schedule of Operating Transfers-out Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
OPERATING TRANSFERS - OUT:
Other operating transfers $ 1,219,711 $ 1,219, ,
711 $ 0 $ 1409,042
TOTAL OPERATING TRANSFERS-OUT $ 1,219,711 $ 1,219,711 $ 0 $_ 1,409,042
64
COUNTY OF WELD
STATE OF COIARAiO
S S
CONSERVATION TRUST FUND
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
INTERGOVERNMENTAL REVENUE:
Grant $ 0 $ 0 $ 0 $ 151,033
State lottery _ 138,069 138,069 0 0
Total Intergovernmental reven 138,069 138069 0 151033
, _______-1--_
MISCELLANEOUS REVENUE:
Earnings on deposit 1,500 4,983 3,483 9,075
Total Miscellaneous revenue 1,500 4,983 3,483 9,075
TOTAL REVENUE S 139,569 $ 143,052 $ 3,483 $ 160,108
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
CULTURE AND RECREATION:
Land improvements $ 190,722 $ , , ,
178790
$ 11932 $ 160339
Total Culture and recreation 190722 178790 11932 160339
, , , ,
TOTAL EXPENDITURES $ 190, , , ,
722 $ 178790 $ 11932 $ 160339
65
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE-FUNDS
CONTINGENT FUND
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
TAXES:
General property tax $ 697,889 $ 694,146 $ (3,743) $ 1,322
Specific ownership taxes 32,613 48,198 15,585 0
Penalties & interest 0 3,703 3,703 0
Total Taxes 730,502 746,047 15,545 1,322
TOTAL REVENUE S 730,502 $ 746,047 $ 15,545 $ 1,322
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual 'Variance TActual
MISCELLANEOUS:
Other $ 30,502 $ 0 $ 30,502 $ 6,189
Total Miscellaneous 30, ,
502 0 30502 6,189
TOTAL EXPENDITURES $ 30,502 $ 0 $ 30,502 $ 6,189
Schedule of Operating Transfers-in Compared with Estimate
December 3], 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
OPERATING TRANSFERS - IN:
Other $ 0 $ 0 S 0 $ 2688
_____-_-1___
TOTAL OPERATING TRANSFERS-IN $ 0 $ 0 $ 0 $ 2688
,
Schedule of Operating Transfers-out Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget ` Actual 'Variance Actual
OPERATING TRANSFERS - OUT:
Other $ 700,000 $ 700 004
i_ $ 0 $ 810,000
TOTAL OPERATING TRANSFERS-OUT $ 700,000 $ 700000 $ 0 $ 810000
, ,
66
COUNTY OF WELD
STATE OF COLZ)RAD0
SPECIAL REVENUE TURbs
PUBLIC HEALTH FUND
Schedule of Revenues Compared With Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
LICENSES AND PERMITS:
Health license $ 500 $ 750 $ 250 $ 425
Animal licenses 0 50 50 310
Total Licenses and permits 500 800 300 735
INTERGOVERNMENTAL REVENUE
Contract payments revenue 200 0 (200) 0
Grant 315,923 307,051 (8,872) 330,514
Health 27,857 27,476 (381) 27,657
Total Intergovernmental revenue 343,980 334,527 (9,453) 358,171
CHARGES FOR SERVICES:
Charge for service 14,000 12,317 (1,683) 14,768
Protective inspection fees 10,800 12,295 1,495 11,809
Vital statistics 30,000 27,924 (2,076) 28,087
GC cultures 0 711 711 0
Clinic fees 22,500 30,282 7,782 36,850
Meat inspections 0 0 0 12,161
Septic 35,000 53,628 18,628 43,385
Water 15,850 36,222 20,372 23,387
Total Charges for services 128,150 17 379 45,229 170,447
MISCELLANEOUS REVENUE:
Car seat rentals 0 555 555 50
Other revenue 0 158 158 129
Donations from private sources 0 0 0 100
Total Miscellaneous revenue 0 713 713 279
TOTAL REVENUE $ 472,630 $ 509,419 1____212212. 1____E9,632
67
COUNTY OF WELD
STATE OF COLORADO
SP!CIAL REVENUE FUNDS
PUBLIC HEALTH FUND
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
PUBLIC HEALTH AND WELFARE:
Budget� Actual` --vim ma--- Actua
Public health administration $ 23,585 S 23,367 $ 218 $ 10,451
Nursing 843,069 747,316 95,753 733,857
Environmental Health 435,152 407,087 28,065 __ 389,243
Total Public health and welfare 1,301, -..--L---.1-....... . ,
806 1 124036 1 133, .551
CAPITAL OUTLAY:
Public health administration 12,500 4,557 7,943 (232)
Nursing 0 600 (600) 232
Total Capital outlay 12, , ,
500 5157 7343 0
TOTAL EXPENDITURES $ 1 314 , ,
306 $ 1182927 $ 131, ,
379 $ 1133,551
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate ActualVariance --EMT
—
OPERATING TRANSFERS - IN:
Non-Departmental $ 644,829 $ 644,829 $ 0 $ 755,986
Environmental Health 6,000 0 6,000 0
TOTAL OPERATING TRANSFERS - IN $ 650,829 $ 644,829 $ (6,000) S 755,986
68
COUNTY OF WELD
STATE OF COLbRAbO
SPECIAL REVENUE FORDS
HUMAN RESOURCES—FOND—
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
INTERGOVERNMENTAL REVENUE:
Contract payments revenue $ 691,882 $ 717,102 $ 25,220 $ 8,798
Other revenue 10,000 13,611 3,611 105,668
Grant 2,998,096 2,297,159 (700,937) 2,816,261
Other governmental units 0 87 87 0
Total Intergovernmental revenue 3,699,978 3,027,959 (672,019) 2� 93: 0,727
CHARGES FOR SERVICES 100,000 181,090 81,090 185,282
MISCELLANEOUS REVENUE:
Donations from private sources 0 92,402 92,402 149,245
Loan repayments 0 224 224 0
Total Miscellaneous revenue 0 92626 92626 149245
, , ,
TOTAL REVENUE $ 3,799,978 $ 3,301,675 $ (498,303) 1__122.6.1211±
69
COUNTY'OF WELD
SJALE OF COLORADO
SPECiAL Riv1NOE FUNDS
hUMAN RESOURCES FUND
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
ECONOMIC ASSISTANCE:
Dislocated farmers $ 0 $ 98 $ (98) $ 0
JTPA 8% local distribution 28,205 11,367 16,838 0
JTPA 8% education coordination 43,623 33,139 10,484 0
JTPA 6% T.A.T. SDA to SDA 630 630 0 0
JTPA 6% training & tech assist 17,000 368 16,632 0
JTPA IIA 6% incentive 34,814 24,100 10,714 0
JTPA dislocated workers 90,632 41,647 48,985 26,304
JTPA olderworkers 96,735 35,024 61,711 1,098
6% TAT
0 0 9,989
JTPA discretionary Schl Disti6 9,304 7,268 2,036 1,946
MIS - tape 0 0 0 1,498
JTPA 8% youth 2,235 2,124 111 92
JTPA incentive 113,013 38,468 74,545 0
Wagner-Peyser 10% PY85 20,000 20,000 0 0
Summer youth 296,759 288,527 8,232 (9,354)
JTPA P servic
e
659,061 744,776 (85,715) 339,894
505,947 180,906 325,041 161,389
Wagner-Peyser 10% smr job hunt 0
0 0 9,575
Job service incentive funds 11,500 6,111 5,389 0
Head Start 503,107
Head Start handicap 549,786, (46,679), 452,566
Head Start T & TA 19,228 - 19,228 0 0
15,015 15,015 0 0
Headstart bilingual 15,000 15,000 0 0
Migrant Headatart day care basic 296,408 306,784 (10,376) 27,865
CSA/CAP 148,561 148,795 (234) 199,101
Migrant Head Start-handicap 12,490 3,549 8,941 0
Head Start - high scope 15,000 6,904 8,096 0
Supplemental foods 303,333 142,449 160,884 25,409
DOE weatherization 10,000 (5 946) 11,892
OAA Area Agency 43,025 15,946 ,
OAA Title III-B32,097 10,928 19,26
157,008 135,946 21,062 1 19,276
OAA Title III C-I congregate 215,569 262,719 (47,150) 277,243
OAA Title III-C (23 921) 31,802
34,613 58,534 ,
NCBC training 3,000 381 2,619 � 0
Human resources general fund 0 200 (200) 70,407
Transportation 100,000 63,382 36,618 43,887
Welfare diversion 196,000 284,761 (88,761) 204,304
General administration allocation 35 0 35 1
, ,
TOTAL EXPENDITURES $ 4,016,850 $ 3,496,029 $21. 3,355,100$
70
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FORDS
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual 4ariance Actual
OPERATING TRANSFERS - IN:
OAA Area Agency $ 10,756 $ 10,756 $ 0 S 9,108
Human resources general fund 0 0 0 100,000
Welfare diversion 196000 423081 227081 285,826
, ,
TOTAL OPERATING TRANSFERS-IN $ 206,756 $ 433,837 $ 7,
22081 1____2212.12a
,9
Schedule of Other Financing Sources Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance ctua
OTHER FINANCING SOURCES:
Inception of Lease Purchase
Agreements S 0 $ 0 $ 0 $ 70,407
TOTAL OTHER FINANCING SOURCES $ 0 $ 0 $ 0 1---_21a1
71
COUNTY OF WELD
STATE OF COLORADO
SPECIAL-REVERIE-MS
SOLID WASTE FUND
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
! timate Actual Variance Actual
CHARGES FOR SERVICES
Landfill surcharge $ 90,000 $ 124,849 $ 34,849, $ 119,767
,_
Total Charges for services 90,000 124,849 34,849 119,767
TOTAL REVENUE $ 90,000 $ 124,849 $ 34,849 $ 119,767
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
a3udget M Actual Variance Actual
MISCELLANEOUS:Other operating transfers $ 30,000 $ 24,871
$ 5,129 $ 15,496
Total Miscellaneous 30,000 24,871 5,129 15,496
TOTAL EXPENDITURES $ 30,000 $ 24,871 $ 5,129 $ 15,496
Schedule of Operating Transfers-out Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual 'riance Actual
OPERATING TRANSFERS - OUT:
Other operating transfers $ 60,000
$ 60,OOG $ 0 $ 75,000
TOTAL OPERATING TRANSFERS - OUT $ 50,000 s 60,000 $ 0 $ 75,000
72
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVERIE Flits
H
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
istimate Actual Variance Actual
INTERGOVERNMENTAI. REVENUE:
Contract payments $ 1,058,094 $ 626,880 $ (431,214) $ 504,079
Total Intergovernmental revenue 1,058,094 626880 (431 214) 504079
, , ,
MISCELLANEOUS REVENUE:
Earnings on deposit 0 1783 1783 2225
, , ,
Total Miscellaneous revenue 0 1,783 1,783 2,225
TOTAL REVENUE $ 1,058,094 $ 628,663 $ (429,431) $ 506,304
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
MISCELLANEOUS:
Post-administrative $ 6,250 $ 6,250 $ 0 $ 0
Administrative 41,407 34,344 7,063 0
General administration 28,209 24,062 4,147 0
Other 4,795 4,795 0 0
Total Miscellaneous 80,661 69,451 11,210 0
ECONOMIC ASSISTANCE:
Program administration and
rehabilitation 12,841 12,577 264 0
Housing assistance 413,254 249,734 163,520 498,509
Rehabilitation program 188,274 167,866 20,408 0
Housing vouchers preliminary 4,300 2,795 1,505 0
Rousing voucher administrative 4,351 3,488 863 0
Housing voucher payments 74,685 29,947 44,738 1,251
Division of housing 25,000 6,842 18,158 0
Rental rehabilitation 220,000 31,667 188,333 0
CDBG contract payments 115,000 52,538 62,462 0
Total Economic assistance 1,057,705 557,454 500,251 499,760
CAPITAL OUTLAY:
General administration 0 3,986 (3,986) 0
Total Capital outlay 0 3,986 (3,986) 0
OTHER EXPENSES:
General administration 0 0 0 11635
,
Total Other expenses 0 0 0 11635
,
TOTAL EXPENDITURES S 1 138 366 $ 630,891 S 507,475 $ 511,395
73
74
COLORADO
t
CAPITAL ROJECTS
FUNDSI
Capital Projects Funds are .established to account for , financial
resources -,used' for the acquisition or improvement of the capital facilities
of the County.
,.<
y
It
COLORADO..-:
I _
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1986
Capital Expenditures Fund:
This fund accounts for various capital improvement projects on County
property.
75
COUNTY OF WELD
STATE OF CULORAbO
CAPITAL PROJECTS rUND
BALANCE SHEET
December 31, 1986 and 1985
ASSETS
1986 1985
ASSETS:
Cash and short term investments S 136,830 $ 90,241
Receivables (net of allowance for uncollectibles):
Current property tax 259,046 557,220
Delinquent property tax 8,968 5,975
Due from other county funds 23 76,440
Due from other governmental units 51,800 51,800
TOTAL ASSETS $ 456,667 $ 781,676
LIABILITIES AND FUND BALANCE
LIABILITIES:
Accounts payable $ 38,638 $ 41,953
Due to other county funds 23 80,776
Deferred revenue 268,014 563,195
Unexpended grant revenue 0 57,960
Retainage payable 25,440 37,792
Total Liabilities 332,115 781,676
FUND BALANCE:
Reserve for encumbrances 116,887 55,463
Undesignated 7,665 (55,463)
Total Fund Balance 124,552 0
TOTAL LIABILITIES AND FUND BALANCE $ 456,667 .1- 7J2-2--- 676
76
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUNbS
CAPITAL EXPENDITURES rITND
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual i lance ct —
TAXES:
General property tax $ 557,525 $ 553,409 $ (4,116) $ 384,532
Specific ownership taxes 45,975 38,520 (7,455) 29,463
Penalties & interest 0 2960 2960 0
, ,
Total Taxes 6033500 _ 594,889 (8,611) 413,995
INTERGOVERNMENTAL REVENUE:
Grant 41.625 62,085 20,460 117,040
CHARGES FOR SERVICES:
Charge for service 0 10040 10040 0
, ,
MISCELLANEOUS REVENUE:
Earnings on deposit 0 0 0 1932
,
TOTAL REVENUE $ 64___5 _ , , ,
125 $ 667014 $ 21889 S 532967
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
MISCELLANEOUS:
Other $ 0 $ 0 $ 0 $ 4583
,
CAPITAL OUTLAY:
Buildings 1,229,053 922,462 306,591 1,204,932
TOTAL EXPENDITURES $ 1,229,053 .$---12.2.1.-' 1--'62.
$ ,59
3061 $_ 1 209 5`15
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance ctua
OPERATING TRANSFERS - IN:
Non-Departmental $ 473,000 $ 380, , ,
000 $ (93 000) $ 394180
TOTAL OPERATING TRANSFERS-IN $ 473,000 t___222.021 S (93,000) 1___M,180
77
SPE IA
{
ESSMEI T
FU :QS
14
•
•
Special assessment funds are used to account for the financing of
public; s!improvements or service deemed to benefit the properties against
which'special"assessmes is are levied
3k``' (� `v
d C
P r e
t y 4 n
s /
��.O�I�ADO�
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT FUND
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1986
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 au
advance from the General Fund and monies accumulated into the
Antelope Hills Trust Fund. The size of the improvement district made
bond financing impractical.
79
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT FUND
COMBINING BALANCE SHEET
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
Improvement
District Improvement Antelope Total
Number 1981-2 District Hills Special December 31 December 31
Elmore Road Road - 5 Assessment 1986 1985
ASSETS
ASSETS:
Cash and short term
investments $ 5,719 $ 34,980 $ 15,474 $ 56,173 $ 20,713
Special assessment 4,728 975,000 27,030 1,006,758 1,081,738
Due from other county funds 0 0 42,030 42,030 0
TOTAL ASSETS $ 10,447 $ 1,009,980 $ 84,534 $ 1,104,961 $ 1,102,451
LIABILITIESD FUND BALANCE
LIABILITIES:
Due to other county funds $ 3,035 $ 0 $ 57,503 $ 60,538 $ 2,237
Deferred revenue 3,783 900,000 24,327 928,110 1,005,615
Advance from other funds 4,728 75,000 27,030 106,758 81,738
Bonds payable 0 800,000 0 800,000 900,000
Total Liabilities 11,546 1,775,000 108,860 1,895,406 1,989,590
FUND BALANCE (DEFICIT):
Undesignated (1,099) (765,020) (24,326) (79(1,445) (887,139)
Total Fund Balance
(Deficit) (1,099) (765,020) (24,326) (790,445) (887,139)
TOTAL LIABILITIES
AND FUND BALANCE $ 10,447 $ 1,009,980 $ 84,534 $ 1,104,961 $ 1,102,451
80
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT FUND
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES TN FUND BALANCES
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
Improvement
District Improvement Antelope Total
Number 1981-2 District Hills Special December 31 December 31
Elmore Road Road - 5 Assessment 1986 1985
REVENUES:.
Miscellaneous S 2,858 $ 199,938 $ 2,703 $ 205,499 S 78,391.
EXPENDITURES:
Capital outlay 0 0 57,503 57,503 50,101
Debt service 1,026 80, ,
750 0 81776 88,500
Total Expenditures 1,026 80,750 57,503 139,279 138,601
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 1,832. 119,188 (54,800) 66,220 (60,210)
OTHER FINANCING SOURCES:
Operating transfers - in 0 0 30474 30474 0
, ,
EXCESS OF REVENUES AND OTHER
SOURCES OVER (UNDER)
EXPENDITURES 1,832 119,188 (24,326) 96,694 (60,210)
FUND BALANCE AT BEGINNING
OF YEAR (2,931) (884,208) 0 (887,139) (826,929)
FUND BALANCE AT END OF YEAR $ (1,099) $ (765,020) $ (24,326) $ (790,445) L....(22 .1__39)
81
COUNTY OF WELD
STATE OF Ct)LORADO
SPECIAL ASSESSMENT FUND
Th 0VEMENT DISTINCT ROAD 5
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
MISCELLAENOUS REVENUE:
Earnings on deposit $ 99,938 $ 99,938 $ 0 $ 0
Special assessments 100,000 100,000 0 75,000
Total Miscellaneous
Revenue 199,938 199,938 0 75,000
TOTAL REVENUE $ 199,938 $ 199,938 S 0 $ 75,000
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
CAPITAL OUTLAY:
Improvement districts $ 0 $ 0 $ 0 $ 50,101
Total Capital outlay 0 0 0 50,101
DEBT SERVICE:
Improvement districts 199,938 80,750 119, ,
188 88500
TOTAL EXPENDITURES $ 199,938 S 80,750 $ 119,188 $ 138,601
82
COUNTY OF WELD
STATE OF COLORADO
SPECIAL ASSESSMENT kUND
IMPROVEMENT DISTRICT NUMBER 1981-2 ELMORE ROAD
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
MISCELLANEOUS REVENUE:
Earnings on deposit $ 1,025 $ 1,026 $ 1 $ 1,313
Special assessments 1,833 1,832 (1) 2,0;8
Total Miscellaneous revenue 2,858 2,858 0 3,391
TOTAL REVENUE S 2,858 S 2,858 $ 0 $ 3,391
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
DEBT SERVICE:
Improvement districts S 2,858 $ 1,026 1..-- -2-- $2. $ 0
TOTAL EXPENDITURES $ 2,858 $ 1,026 $ 1,832 S 0
83
COUNTY OF WELD
STATE-7-72-MDO
SPECIAL ASShSSML+NL bun
ANTELOPE HILLS SPECIAL ASSESSMENT
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual -711:177r Actual
MISCELLANEOUS REVENUE:
Special assessments S 27,030 $ 2,703 $ (2_4,327) $ 0
TOTAL REVENUE $ 27,030 $ 2,703 S (24,327) $ 0
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
uudget Actual Variance Actual
CAPITAL OUTLAY:
Improvement districts S 57,504 $ 57,503 $ 1 $ 0
TOTAL EXPENDITURES S 57,504 $ 57,503 $ 1 5 0
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
OPERATING TRANSFERS - IN:
Non-Departnental S 30,474 $ 30,1.4 S 0 $ 0
TOTAL OPERATING TRANSFERS-IN S 30,4'4 $ 30,474 $ 0 $ 0
84
rv}
INTERtL SERIF
FU DS
}
Internal Service Funds are established to account for goods and
services .. provided to. other departments departments :"`af the County on" a
x - cost-reimbursement basis:.
}
e s
COLORADO
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1986
Motor Vehicle Fund:
This fund accounts for the revenue and costs generated by equipment and
vehicles rented to the Road and Bridge Fund and to various departments
of other County funds.
Printing and Supply Fund:
This fund accounts for revenue and costs associated with providing
printing services and the supply and stores function of the County.
Computer Services Fund:
This fund accounts for all data processing services provided to the
County and other agencies on a cost-reimbursement basis.
Insurance Fund:
This fund accounts for all insurance costs for the County. The program
is a combination of insured risks and protected self-insurance risks .
PBX Fund:
This fund accounts for all phone costs provided to the County and
other outside agencies on a cost reimbursement basis.
85
COUNTY OF WELD
SmIriminlmrito
ItahRNAL SCRFICE HINDS
COMBINING BALANCE SHEET
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
Computer
Motor Vehicle Printing and Services
Fund Supply Fund Fund
ASSETS
CURRENT ASSETS:
Cash and short term investments $ 714,094 $ 18,823 $ 256,374
Cash - other 0 0 0
Receivables (net of allowance
for uncollectibles):
Current property tax 0 0 0
Delinquent property tax 0 0 0
Accounts 487 804 25,593
Due from other county funds 170,324 34,859 119,722
Inventories 17,608 157,301 0
Prepaid and other assets 0 8,244 0
Total Current Assets 902,513 220,031 401,689
FIXED ASSETS:
Land 694,381 0 0
Buildings 697,203 0 0
Improvements other than buildings 19,345 0 0
Machinery and equipment 9,128,105 73,181 1,862,805
Accumulated depreciation (5,259,453) (46,689) (982,049)
Total Fixed Assets 5,279,581 26,492 880,756
TOTAL ASSETS $ 6,182,094 $ 246,523 $ 1,282,445
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES:
Accounts payable $ 104,119 $ 3,165 $ 77,807
Accrued liabilities 0 3,915 158,184
Due to other county funds 1,068 6,626 30,582
Deferred revenue 0 0 20,000
Advance from other funds 0 80,000 0
Total Liabilities 105,187 93,706 286,573
FUND EQUITY:
Contributed capital 4,952,327 120,946 565,155
Retained earnings:
Unreserved 1,124,580 31,871 430,717
Total Fund Equity 6,076,907 152,817 995,872
TOTAL LIABILITIES AND FUND EQUITY $ 6,182,094 $ 246,523 $ 1,282,445
86
Total
Insurance PBX December 31 December 31
Fund Fund 1986 1985
$ 519,222 $ (61,782) $ 1,446,731 $ 918,954
7,500 0 7,500 7,500
511,095 0 511,095 511,095
12,405 0 12,405 9,171
13,713 15,959 56,556 17,894
4,788 63,636 393,329 831,335
0 0 174,909 235,866
191,353 0 199,597 1,111
1,260,076 17,813 2,802,122 2,532,926
O 0 694,381 694,381
0 0 697,203 669,036
O 0 19,345 19,345
0 85,106 11,149,197 10,875,454
O (19,149) (6,307,340) (5,646,152)
O 65,957 6,252,786 6,612,064
$ 1,260,076 $ 83,770 $ 9,054,908 $ 9,144,990
$ 450,116 $ 10,113 $ 645,320 $ 719,556
0 7,692 169,791 153,904
0 6 38,282 33,331
523,500 0 543,500 520,266
O 0 80,000 80,000
973,616 17,811 1,476,893 1,507,057
0 74,467 5,712,895 5,610,261
286,460 (8,508) 1,865,120 2,027,672
286,460 65,959 7,578,015 7,637,933
$ 1,260,076 $ 83,770 $ 9,054,908 $ 9,144,990
87
COUNTY OF WELD
SLALI OF COLA ADO
INTERNAL SERViCt FUNbS
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
Computer
Motor Vehicle Printing and Services
Fund Supply Fund Fund
OPERATING REVENUE:
Charges for services Lai-19. i---.21111.22 $ 1,796,269
Total Operating Revenue 2,209,549 161,627 1,796,269
OPERATING EXPENSES:
Capital outlay 0 0 0
Personnel services 0 51,392 1,170,092
Contractural services 996,815 70 357,358
Supplies 221,942 79,076 39,084
Heat, light, and power 35,012 209 12,270
Repair and maintenance 74,406 16,809 109,696
Insurance and bonds 0 0 0
Claims 0 0 0
Other 26,228 1,215 0
Total Operating Expenses Before
Depreciation 1,354,403 148,771 1,688,500
Operating Income Before Depreciation 855,146 12,856 107,769
Depreciation 891,324 8,232 337,210
Operating Income (Loss) (36,178) 4,624 (229,441)
NONOPERATING REVENUE (EXPENSES):
Taxes 0 0 0
Farm income 2,807 0 0
Gain (loss) on sale of assets 11,329 0 0
Earnings on investments 0 0 0
Interest expense 0 0 0
Judgements and damages 6,206 0 0
Total Nonoperating Revenue 20,342 0 0
OTHER FINANCING SOURCES:
Operating transfers - in 0 0 0
NET INCOME (LOSS) (15,836) 4,624 (229,441)
RETAINED EARNINGS AT BEGINNING OF YEAR 1,140,416 27,247 660,158
RETAINED EARNINGS (DEFICIT) AT END OF YEAR $ 1,124,580 §-,-.111--- "I; $ 430,717
88
Total
Insurance PBX December 31 December 31
Fund Fund 1986 1985
1---50l000 ..$----1721711/4 $ 4,588,229 3,839,169
50,000 370,784 4,588,229 3,839,169
0 0 0 984
0 97,651 1,319,135 1,173,961
67,713 29,522 1,451,478 1,396,182
65 635 340,802 332,402
0 191,119 238,610 36,412
0 23,812 224,723 50,747
372,345 0 372,345 267,922
132,136 0 132,136 160,537
0 7,948 35,391 2,119
572,259 350,687 4,114,620 3,421,266
(522,259) 20,097 473,609 417,903
0 8,511 1,245,277 1,210,756
(522,259) 11,586 (771,668) (792,853)
546,921 0 546,921 $ 540,138
0 0 2,807 1,572
0 0 11,329 31,380
37,661 0 37,661 32,259
0 (20,094) (20,094) (55,338)
24286 0 30,492 102,475
,
608,868 (20,094) 609,116 652,486
0 0 0 351,100
86,609 (8,508) (162,552) 210,733
199,851 0 2,027,672 1,816,939
$ 286,460 1-____23.22B1) $ 1,865,120 $ 2,027,672
89
COUNTY OF WELD
STATE OF COLORADO
INTERNAL bbkViCE FUNDS
COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL
December 31, 1986
Computer
Motor Vehicle Printing and Services PBX
Fund Supply Fund Fund Fund Total
CONTRIBUTED CAPITAL,
January 1, 1986 $ 4,924,160 $ 120,946 $ 565,155 $ 0 $ 5,610,261
Add:
1986 contributions from:
Capital Expenditures Fund 28,167 0 0 0 28,167
General Fixed Assets 0 0 0 74,467 74,467
CONTRIBUTED CAPITAL,
December 31, 1986 S 4,952,327 $ 120,946 $ 565,155 $ 74,467 $ 5,712,E 95
90
COUNTY OF WELD
STATE OF COLORADO
INTERNAL StSVLGE ILNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
December 31, 1986
Computer
Motor Vehicle Printing and Services Insurance PBX
Fund Supply Fund Fund Fund Fund Total
WORKING CAPITAL PROVIDED:
Net Income (Loss) $ (15,836) $ 4,624 $ (229,441) S 86,609 $ (8,508) $ (162,552)
Items which did not require
outlay of working capital:
Depreciation 891,324 8,232 337,210 0 8,511 1,245,277
(Gain) on sale of
fixed assets (11,329) 0 0 0 0 (11,329)
Working capital provided
by operations 864,159 12,856 107,769 86,609 3 1,071,396
Contributions from capital
expenditures fund 28,167 0 0 0 0 28,167
Contributions from general
fixed assets 0 0 0 0 74,467 74,467
Proceeds from sale of
fixed assets 236,238 0 0 0 0 236,238
Total Working Capital
Provided 1,128,564 12,856 107,769 86,609 74,470 1,410,268
WORKING CAPITAL APPLIED:
Acquisition of fixed assets 905,716 1,242 129,482 0 74,467 1,110,907
Total Working Capital
Applied 905,716 1,242 129,482 0 74,467 1,110,907
INCREASE (DECREASE) IN
WORKING CAPITAL L-222-al -L---2-7-..-1 614 $ (21,713) $ 86,609 $ 3 $ 299,361
CHANGES IN COMPONENTS OF
WORKING CAPITAL:
Increase (decrease) in
current assets:
Cash and short term
investments $ 686,476 S 7,169 $ 92,470 $ (196,554) $ (61,783) S 527,778
Receivables:
Accounts (1,197) (66) 11,333 12,633 15,959 38,662
Delinquent property
taxes 0 0 0 3,234 0 3,234
Due from other county
funds (480,725) 34,859 (58,114) 2,338 63,636 (438,006)
Inventories (31,385) (29,572) 0 0 0 (60,957)
Prepaid and other assets 0 8,244 0 190,242 0 198,486
Net increase (decrease)
in current assets 173,169 20,634 45,689 11,893 17,812 269,197
(Increase) decrease in
current liabilities:
Vouchers payable 19,810 (2,670) (8,606) 75,815 (10,113) 74,236
Accrued liabilities 0 254 (8,449) 0 (7,694) (15,889)
Due to other county
funds 29,869 (6,604) (30,347) 2,135 (2) (4,949)
Deferred revenue 0 0 (20,000) (3,234) 0 (23,234)
Net (increase)
decrease in current
liabilities 49,679 (9,020) (67,402) 74,716 (17,809) 30,164
INCREASE (DECREASE) IN
WORKING CAPITAL S 222,848 $ 11,614 $ (21,713) S 86,609 $ 3 $ 299,361
91
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE 1k UNDS
MOTOR VEHICLE rUND
Schedule of Operating Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1586 1985
Estimate ActualVariance Ac —
OPERATING REVENUE:
Charge for service $ 75,000 $ 1,318,225 $ 1,243,225 $ 0
Depreciation 1,306,000 891,324 (414,676) 825,020
Miscellaneous revenue 675,000 0 (675,000) 1,277,993
Total Operating Revenue $ 2,056,000 $ 2,209,549 S 153,549 $ 2,103,013
Schedule of Operating Expenses Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1.985
Budget Actual Variance Actual
OPERATING EXPENSES
Personnel services 0 0 0 1,492
Contractural services 1,123,525 996,815 126,710 925,453
Supplies 260,852 221,942 138,910 227,304
Heat, light, and power 65,000 35,012 29,988 36,412
Repair and maintenance 8,023 74,406 (66,383) 39,024
Other 0 26,228 (26,228) 724
Depreciation 750,000 891,324 (141,324 853,113
Total Operating Expenses S 2,307,400 $ 2,245,727 S 61,673 S 2,083,522
Schedule of Non-Operating Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
std imate Actual Variance Actual
NONOPERATING REVENUE:
Farm income $ 0 $ 2,807 $ 2,807 $ 1,572
Sale of assets 56,125 15,367 (40,758) 240
Gain on sale of assets 0 (4,038) (4,038) 4,864
Interest expense 0 0 0 (100)
Judgements and damages 0 6,206 6,206 0
TOTAL NONOPERATING REVENUE $ 56,1225 $ 20,342 S (35,783) $ 6,576
92
COUNTY OF WELD
STATE ON COLORADO
INTERNAL SERVLCE 10NDS
MOOR VEHICLE 10ND
Schedule of Fixed Asset Acquisitions Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
FIRED ASSET ACQUISITIONS:
Capital outlay $ 839,866 $ 895,071 $ (55,211) $ 1S-2211'
TOTAL FIRED ASSET ACQUISITIONS $ 839,866 $ 895,077 L (55,211) $ 1,412,216 Schedule of Operating Transfers-in Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
OPERATING TRANSFERS - IN:
Non-Departmental $ 0 $ 0 $ 0 1.---- ----- 100.
TOTAL OPERATING TRANSFERS-IN $ 0 $ 0 $ 0 $ 1,100
93
COUNTY OF WELD
S1ATE OF COLORADO
INTERNAL ShPV1CA r'UNDS
PRINTING AND SUPPLY riND
Schedule of Operating Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
OPERATING REVENUE:
Charge for service S 106,533 $ 112,799 $ 6,266 $ 81,513
Sale of supplies 50,000 48,828 (1,172) 38,392
TOTAL OPERATING REVENUE $ 156,533 .L.:--1-61 -2-7- L---.12.9_1! §----2--z--19 "5.
19905
Schedule of Operating Expenses Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
OPERATING EXPENSES:
Personnel services $ 50,750 $ 51,392 $ (642) $ 46,486
Contractural services 305 70 235 134
Supplies 79,952 79,076 876 50,608
Heat, light, and power 0 209 (209) 0
Repair and maintenance 11,395 16,809 (5,414) 11,723
Other 850 1,215 (365) 126
Depreciation 9,667 8,232 1,435 9,115
TOTAL EXPENDITURES S 152,919 $ 157,003 $ (4,084) S 118,192
Schedule of Fixed Asset Acquisitions Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Bur et Actual— Variance Actual
FIXED ASSET ACQUISITIONS:
Capital outlay $ 5,000 L--.122.42 P----1:2113. 1--1-2--7 053
TOTAL FIXED ASSET ACQUISITIONS 1.---2.22-00 9--. 2...-- 242 1-.-. 22. L---1-2--7 053
94
COUNTY OF WELD
SSA DO
INMENAL SERVICE FUNDS
COMFUIER SERVICES rUNU
Schedule of Operating Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
OPERATING REVENUE:
Charge for service $ 1,782,275 $ 1,796,269 S 13,994 S 1,616,251
TOTAL OPERATING REVENUE $ 1,782,275 $ 1,796,269 $ 13,994 $L61,253-.
Schedule of Operating Expenses Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
OPERATING EXPENSES:
Personnel services $ 1,199,175 $ 1,170,092 S 29,083 $ 1,125,983
Contractural services 366,303 357,358 8,945 402,896
Supplies 56,470 39,084 17,386 53,696
Heat, light, and power 4,248 12,270 (8,022) 0
Repair and maintenance 116,082 109,696 6,386 0
Depreciation 0 337,210 (337,210) 348,528
TOTAL OPERATING EXPENSES $ 1,742,278 $ 2,025,710 $ (283,432) S 1,931,103
Schedule of Non-Operating Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
NONOPERATING REVENUE:
Gain on sale of assets $ 0 $ 0 5 0 S 26,276
Interest expense 0 0 0 (`55.238)
TOTAL NONOPERATINC REVENUE S 0 $ 0 $ 0 5 (28,962)
Schedule of Fixed Asset Accuisitions Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actuate- Variance Actual
FIXED ASSET ACQUISITIONS:
Capital outlay $ 39,997 SS—.82 §---23121-485) S 963,180
TOTAL FIXED ASSET ACQUISITIONS $ 39,997 $ 129,482 $ (89,485)•
$ 963,180
Schedule of Operating Transfers-in Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
—LIEstimate Acid— Variance Actual
OPERATING TRANSFERS - IN:
Non-Departmental 5 0 $ 0 $ 0 $ 350,000
TOTAL OPERATING TRANSFERS-IN $ 0 $ 0 $ 0 e 350,000
95
COUNTY OF WELD
S.t7Rit OF COLORADO
INThUNAL SLRv10E FUNDS
INSURANCE FUND
Schedule of Operating Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
OPERATING REVENUE:
Charge for service $ 20,000 $ 50,000 2--S.2.29. $ 0
TOTAL OPERATING REVENUE $ 20,000 $ 50,000 $ 30,000 $ 0
Schedule of Operating Expenses Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
OPERATING EXPENSES:
Contractural services $ 70,975 $ 67,713 $ 3,262 $ 67,699
Supplies 1,100 65 1,035 794
Insurance and bonds 520,500 372,345 148,155 267,922
Claims 410,000 132,136 277,864 160,537
Other expenses 0 0 0 1,269
TOTAL OPERATING EXPENSES S 1,002,575 $ 572,259 S 430,316 $ 498,221
Schedule of Non-Operating Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
NONOPERATING REVENUES:
General property tax $ 511,095 $ 508,936 $ (2,159) S 499,214
Specific ownership taxes 35,805 35,275 (530) 38,406
Penalties & interest 0 2,710 2,710 2,518
Earnings on deposit 29,000 37,661 6,661 32,259
Compensation for loss 20,000 24,286 4,286 102,475
TOTAL NONOPERATING REVENUES S 595,900 $ 608,868 $ 12,968 $ 674,872
96
COUNTY OF WELD
STATE OF COLORADO
INTERNAL Su(Vicjt 1`l S
PBX FUND
Schedule of Operating Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
OPERATING REVENUE:
Charge for service $ 415,097 $ 370,784 $ (44,313) $ 0
TOTAL OPERATING REVENUE $ 415,097 $ 370,784 $ (44,313) $ 0
Schedule of Operating Expenses Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget - Actual ar—V Sane Actual
OPERATING EXPENSES:
Personnel services $ 104,647 $ 97,651 $ 6,996 $• 0
Contractural services 28,576 29,522 (946) - 0
Supplies 600 635 (35) 0
Heat, light, and power 196,701 191,119 5,582 0
Repair and maintenance 24,742 23,812 930 0
Other 5,340 7,948 (2,608) 0
Depreciation 0 8,511 (8,511) 0
TOTAL OPERAING EXPENSES .$—.....a.±2§- $ 359,198 $ 1,408 $ 0
Schedule of Non-Operating Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
NONOPERATING REVENUE:
Interest expense $ 0 $ (20,094) $ (20,094) $ 0
TOTAL NONOPERATING REVENUE $ 0 $ (20,094) $ (20,094) $ 0
Schedule of Fixed Asset Acquisition Compared with Budget
December 31, 1986.
With Comparative Actual Amounts For Year Ended December 31, 1985
1986. 1986 1986 _ 1985
Budget Actual Variance Actual
FIXED ASSET ACQUISITION:
Capital outlay $ 54,491 $ 85,106 $ (30,615) $ 0
TOTAL FIXED ASSET ACQUISITION $ 54,491 $ 85,106 $ (30,615) S 0
97
ji
Lz TRUST AND AGENCY
4
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" ntities-and nos''=public organizations.
t. ' ' titc:
CQ ORADO"..'
Yf,
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31 , 1986
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.
Antelope Hills Trust Fund:
This fund accounts for cash held in trust for the homeowners
within the Antelope Hills Subdivision.
Agency Funds:
General Agency Fund:
This fund accounts for all monies collected (principally tax
collections) by the Weld County Treasurer for various other local
governmental units within the County.
Payroll Agency Fund:
This fund accounts for the accumulation of County payrolls and
related withholdings. Disbursements are made to the appropriate
financial institutions through the payroll direct deposit system
and the various vendors for the withholdings.
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.
99
COUNTT OF WELD
STATE OF COLORADO
TRtb1 AND AGENCY IUNUS
COMBINING BALANCE SHEET
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
Weld County North Colorado Health Antelope
Retirement Medical Insurance Fills
Fund Trust Fund Fund Trust Fund
ASSETS
ASSETS:
Cash and short term investments $ 123,774 $ 4,277,437 $ 1,049,043 $ 0
Cash - other 6,996 0 2,500 0
Investments 19,804,769 0 0 0
Receivables (net where applicable of
allowance for uncollectibles):
Current property tax 0 0 0 0
Delinquent property tax 0 7,787 0 0
Accounts 232,411 0 0 0
Due from other county funds 0 0 767 0
Prepaid and other assets 40,907 0 0 0
Other assets 0 0 107 0
TOTAL ASSETS $ 20,208,857 $ 4,285,224 S 1,052,417 $ 0
LIABILITIES AND FUND BALANCE
LIABILITIES:
Voucher and warrants payable $ 87,849 $ 0 $ 107,391 S 0
Due to other governments 0 0 0 0
Due to other county funds 0 0 4,842 0
Deferred revenue 0 7,787 0 0
Total Current Liabilities 87,849 7,787 112,233 0
LONG TERM DEBT:
Deferred compensation payable 0 0 0 0
Total Long Term Debt 0 0 0 0
Total Liabilities 87,849 7,787 112,233 0
FUND BALANCE:
Reserve for claims 0 0 0 0
Reserve for employee benefits 20,121,008 0 0 0
Unreserved 0 4,277,437 940,184 0
Total Fund Balance 20,121,008 4,277,437 940,184 0
TOTAL LIABILITIES AND FUND BALANCE $ 20,208,857 $ 4,285,224 $ 1,052,417 $ 0
100
General Payroll Deferred Totals
Agency Agency Compensation December 31 December 31
Fund Fund Agency Fund 1986 1985
$ 3,497,049 $ 413,448 $ 0 $ 9,360,751 $ 21,647,986
0 0 0 9,496 36,233
O 0 509,526 20,314,295 16,899,922
O 0 0 0 290,475
0 0 0 7,787 8,138
0 557 0 232,96E 186,770
0 5,482 0 6,249 40,830
0 0 0 40,907 36,690
O 0 0 107 15
$ 3,497,049 $ 419,487 $ 509,526 i2.9-2.1712.26-2 $ 39,147,059
$ 0 $ 419,437 $ 0 $ 614,677 $ 1,429,737
3,497,049 0 0 3,497,049 15,471,149
O 50 0 4,892 1,277
O 0 0 7,787 298,613
3,497,049 419,487 0 4.124,405 17,200,776
O 0 509,526 509,526 326,033
O 0 509,526 509,526 326,033
3,497,049 419,487 509,526 4,633,931 17,526,809
O 0 0 0 80,877
0 0 0 20,121,008 16,858,875
0 0 0 5,217,621 4,680,498
0 0 0 25,338,629 21,620,250
S 3,497,049 $ 419,487 $ 509,526 $ 29,972,560 1-112.1112.221
101
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES -
ALL PENSION TRUST FUNDS
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
Weld County Retirement Fund
1986 1985
OPERATING REVENUE:
Earnings on investments $ 3,105,919 $ 1,738,765
Appreciation (depreciation) on fair market value
of investments (507,173) 1,423,993
Contributions 1,487,861 1,417,765
Total Operating Revenue 4,086,607 4,580,523
OPERATING EXPENSES:
Benefit payments 464,517 438,398
Refunds 246,809 192,416
Audit fees 3,704 4,943
Actuarial fees 23,236 25,213
Trustee fees 72,554 61,335
Other expenses 17358 0
,
Total Operating Expenses 828178 722305
, ,
INCOME BEFORE OPERATING TRANSFERS 3,258,429 3,858,218
OTHER FINANCING SOURCES:
Operating transfers - in 3704 30,156
,
Net Income 3,262,133 3,888,374
FUND BALANCE AT BEGINNING OF YEAR 16,858,875 12,970,501
FUND BALANCE AT END OF YEAR $ 20,121,008 $ 16,858,875
102
COUNTY OF WELD
SLATE O1' COLORADO
TRU.,T AND AGhNCY Au` S
STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL PENSION TRUST FUNDS
December 31, 1986
• Weld County
Retirement Fund
WORKING CAPITAL PROVIDED:
Net Income $ 3,262,133
Working capital provided from operations 3,262,133
INCREASE IN WORKING CAPITAL $ 3,262,133
CHANGES IN COMPONENTS OF WORKING CAPITAL:
Increase (decrease) in current assets:
Cash with treasurer $ 5,402
Cash - other (26,737)
Investments 3,230,880
Receivables:
Accounts 50,261
Due from other county funds (28)
Prepaid expenses 4,216
Net increase in current assets 3,^63,994
Increase in current liabilities:
Vouchers payable (1,861)
Net increase in current liabilities (1,861)
INCREASE IN WORKING CAPITAL $ 3,262,133
103
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, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
North Colorado Health Total
Medical Center Insurance Antelope Hills December 31 December 31
Trust Fund Fund Trust Fund 1986 1985
REVENUES:
Taxes $ 312,938 $ 0 $ 0 $ 312,938 $ 267,681
Earnings on investments 271,148 58,723 0 329,871 326,143
Miscellaneous 0 890,154 0 890,154 961,162
Total Revenues 584,086 948,877 0 1,532,963 1,554,986
EXPENDITURES:
Contractual services 0 114,112 0 114,112 54,403
Supplies 0 22,810 0 22,810 798
Insurance and bonds 0 31,293 0 31,293 46,007
Claims 0 742,447 0 742,447 689,467
Other 69,704 0 0 69,704 171,710
Total Expenditures 69,704 910,662 0 980,366 962,385
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES • 514,382 38,215 0 552,597 592,601
OTHER FINANCING SOURCES (USES):
Operating transfers - in 0 0 0 0 200,000
Operating transfers - out 0 0 (15,474) (15,474) 0
Total Other Financing
Sources (Uses) 0 0 (15,474) (15,474) 200,C00
EXCESS OF REVENUES AND OTHER
SOURCES OVER (UNDER)
EXPENDITURES AND OTHER USES 514,382 38,215 (15,474) 537,123 S.
FUND BALANCE AT BEGINNING
OF YEAR 3,763,055 901,969 15,474 4,680,498 3,887,897
FUND BALANCE AT END OF YEAR $ 4,277,437 $ 940,184 $ 0 $ 5,217,621 $ 4,680,498
104
COUNTY OF WELD
STATE 01' COLORADO
TRUST AND AGENCY FUNDS
NORTE COLORADO MaDiCAL CEN1LR TRUST FUND
Schedule of Revenues Compared with Estimate
December 31., 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
s� timate Actual Variance Actual
TAXES:
General property tax $ 291,725 $ 291,241 $ (484) $ 247,187
Specific ownership taxes 26,322 20,149 (6,173) 19,233
Penalties & interest 0 1,548 1,548 1,261
Total Taxes 318,047 312,938 (5,109) 267,681
EARNINGS ON INVESTMENTS:
Earnings on deposit 250,000 271,148 21,148 268,376
TOTAL REVENUE $ 568,047 $ 584,086 $ 16,039 $ 536,057
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Vary— Actual
OTHER EXPENDITURES:
Buildings $ 568,692 $ 69,704 $ 498,988 $ 148,811
Other 0 0 0 22,899
TOTAL EXPENDITURES $ 568,692 $ 69,704 $ 498,988 $ 1—M-0.
Schedule of Operating Transfers-in Compared with Estivate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance Actual
OPERATING TRANSFERS - IN:
Non-Departmental $ 0 $ 0 $ 0 1_1=
TOTAL OPERATING TRANSFERS-IN $ 0 $ 0 0 S 200,000
105
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
linrASTRITCEr
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate Actual Variance —TEEM
—
EARNINGS ON INVESTMENTS:
Interest $ 0 $ 518 S 518 S 739
Earnings on deposit 60,000 58,205 (1,795) 55,884
Total Earnings on Investments 60,000 58,723 (1,277) 56,623
MISCELLANEOUS REVENUE:
Recovery of losses 0 125 125 ].6,499
Contributions 928,926 890,029 (38,897) 944,663
Total Miscellaneous Revenue 928,926 890,154 (38,772) 961,162
TOTAL REVENUE $ 988,926 $ 948,877 $ (40,049) $ 1,017,785
Schedule of Expenditures Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actual Variance Actual
EXPENDITURES:
Contract Services $ 63,600 $ 114,112 $ (50,512) $ 54,403
Supplies 9,000 22,810 (13,810) 798
Insurance and bonds 46,947 31,293 15,654 46,007
Claims 1,090,379 742,447 347,932 608,590
TOTAL EXPENDITURES S 1,209,926 S 910,662 S 299,264 S 709,798
106
COUNTY OF WELD
STATE O1h COLORADO
TRUb1 AND AGENCY FUNDS
ANTELOPE HILLS 1RUS'T iOND
Schedule of Revenues Compared with Estimate
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Estimate ActualVariance Actual
EARNINGS ON INVESTMENTS:
Earnings on deposit $ 0 $ 0 $ 0 $ 1,144
Total Earnings on investments 0 0 0 1144
,
TOTAL REVENUE $ 0 $ 0 $ 0 S ?,144
Schedule of Operating Transfers-out Compared with Budget
December 31, 1986
With Comparative Actual Amounts For Year Ended December 31, 1985
1986 1986 1986 1985
Budget Actin— Variance =or
OPERATING TRANSFERS - OUT:
Other $ 0 $ 15,474 $ (15,474) $ 0
TOTAL OPERATING TRANSFERS-OUT $ 0 $ 15,474 $ (15,474) $ 0
107
COUNTY OF WELD
STATE 01 COLORADO
TRUST AND AGENCY 14NDS
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS
December 31, 1986
Balance Balance
1/1/86 Additions Deductions 12/31/86
GENERAL AGENCY FUND
ASSETS:
Cash $ 15,471,149 $ 272,197,112 $ 284,171,212 $ 3,497,049
LIABILITIES:
Due to other governmental
units $S71149 $ 272,197,112 $ 284,171,212 $ 3,497,049
PAYROLL AGENCY FUND
ASSETS:
Cash and receivables S 1,340,911 $ 1a20 $ 18,836,844 $ 419,487
LIABILITIES:
Voucher and accounts
payable $ 1,340,911 $ 17,915,420 $ 18,836,844 $ 419,487
DEFERRED COMPENSATION FUND
ASSETS:
Investments $ 326,033 $ 1,487,862 $ 1,304,369 $ 509,526
LIABILITIES:
Deferred comp payable $ 326,033 $ 1,487,862 $ 1,304,369 $ 509,526
TOTAL - ALL AGENCY FUNDS
TOTAL ASSETS $ 17,136,093 $ 291,600,394 $ 304,312,425 $ 4,426,062
TOTAL LIABILITIES $ 17,138,093 $ 291,600,394 $ 304,312,425 $ 4,426,062
108
, ..,';', a,..". / a a- ,
iaa
.,„
GENER�AL, FIXED •
n: NASSETS
ACCOUIT GROU
Investments -in . property and equipment, ' excep-t .:"for those of the
' Internal Service Funds, are recorded"in this account group.
x )'
4S
v:a
�r
v �, '` . a >COLORADO
COUNTY OF WELD
STATE OF COLORADO
GENERAL F1AEU ASStiS
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCE
December 31, 1986 and 1985
1986 1985
GENERAL FIXED ASSETS:
Land $ 1,588,951 $ 1,577,227
Buildings 18,738,024 17,851,656
Improvements other than buildings 218,011 206,466
Machinery and equipment 3,048,324 2,774,342
TOTAL GENERAL FIXED ASSETS S 23,593,310 $ 221—..LM-
INVESTMENTS
IN GENERAL FIXED ASSETS FROM:
Current Revenue S 14,629,291 $ 13,533,790
Gifts and Grants 1,014,904 926,786
Federal Revenue Sharing 7,949,115 7,949,115
TOTAL INVESTMENTS IN GENERAL FIXED ASSETS $ 23,593,310 $ 22,409,691
•
109
COUNTY OF WELD
STroircoirnO
GENERAL FIRED ASSLIS
SCHEDULE OF GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
December 31, 1986 and 1985
Improvements
Other Than Machinery & Totals
Land Buildings Buildings Equipment 1986 1985
General Government:
Commissioners $ 0 $ 0 $ 0 $ 18,785 $ 18,785 $ 18,660
County attorney 0 0 0 12,176 12,176 12,848
Planning and zoning 0 0 0 21,956 21,956 21,501
Accounting 0 0 0 14,730 14,730 14,895
Finance and
administration 0 0 0 10,517 10,517 13,098
Clerk and Recorder 0 0 0 364,317 364,317 343,726
Elections 0 0 0 29,154 29,154 29,163
County Treasurer 0 O 0 42,472 42,472 41,263
County Assessor 0 0 0 72,509 72,509 68,419
County Council 0 0 0 3,226 3,228 3,228
Personnel 0 0 0 9,539 9,539 9,303
Buildings and grounds 0 0 0 53,100 53,100 51,531
Communications 0 0 0 355,059 355,059 417,485
Purchasing 0 0 0 10,157 10,157 11,819
Other 0 0 0 57,432 57,432 48,945
General government
buildings 1,254,264 9,504 14,887,694 141,920 16,293,382 15,419,890
Total General
Government 1,254,264 9,504 14,887,694 1,217,051 17,368,513 16,525,794
Judicial:
District Attorney 0 0 0 82,810 82,810 82,729
Public Safety:
Sheriff 0 0 0 232,414 232,414 256,196
County Coroner 0 0 0 618 618 618
Building inspection 0 0 0 4,216 4,216 4,216
Office of emergency
management 0 0 0 48,382 48,382 36,013
Total Public Safety 0 0 0 285630 285630 297043
, , ---2-....
Health and Hospitals:
Public health 162,369 15,068 907,109 190,652 1,275,198 1,275,751
Ambulance 0 5,465 117,096 79,544 :02,105 191,538
Total Health and
Hospitals 162,369 _ 20,533 1,024,205 270,196 1,477,303 1,467,289
County Roads and
Highways:
Engineering and
administration 0 11, , ,
668 0 74603 86271 74,913
Public Welfare:
Administration 170,318 0 732, , ,
886 227739 1130,943 1,065,762
Auxiliary Services:
Extension 200 - 0 787,375 29,063 816,638 818,034
Exhibition building 0 80,132 187,203 11,216 278,551 272,051
Veterans 0 0 0 10,402 10,402 10,402
Missile site 0 91,310 0 100,821 192,131 117,907
Youth shelter 0 0 48,812 9,412 58,224 57,276
Intake classification 0 0 1,440 0 1,440 1,440
Library - 3,199 907,434 185,260 1,095,893 998,609
Human Resources 1,800 1,665 160,975 536,209 700,649 620,442
Housing Authority 0 0 0 7, ,
912 7912 0
Total Auxiliary
Services 2,000 176,306 2,093,239 890,295 3.161,840 2,896,161
TOTAL GENERAL FIXED
ASSETS ALLOCATED
TO FUNCTIONS S 1,588,951 1___Z12211 $18,738,024 $ 3,048,324 $23,593,310 $22,409,691
110
COUNTY OF WELD
STATE OF COLORADO
GERETATITYMYTOrfS
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
December 31, 1986
General General
Fixed Assets Fixed Assets
1/1/86 Additions Deletions 12/31/86
General Government:
Commissioners
Count attorne $ 18,660 $ 125 $ 0 $ 18,785
y Y 12,848 0 672 22 956
Planning and zoning 21,501 '
Accounting 14,896 810 355 21,956
Finance and administration 13,098 114 1'114 1,395 14,730
517
Clerk and Recorder 343,726 26,775 6,184 364695 ,317
Elections
29,183
County Treasurer 41,263 3,339 3,368 29,154
County Assessor 68,418 1,209 0 , 9
County Council 3,228 4,832 741 72
0 0. ,508
228
Personnel 9,303 617 381 9,539
Buildings and grounds 51 531 '
Communications 417,485
3,685 5,106 53,100
Purchasing . 22,679 85,105 355,059
Other 11,819 438 2,100 10,157
48,944 12,301 3,813 57,432
General government buildings 15,419,889 873, , ,
493 0 16293382
Total General Government 16,525,792 951, , , ,
646 108925 17
Judicial:
District Attorney 82,729 1, , ,
359 1278 82810
Public Safety:
Sheriff 256,196
County Coroner 618 .93,1600 116,9400 232,414
Building inspection 4,216 216
216
Office of emergency management _ 36,013 12.684 315 480 ,382
Total Public Safety 297,043 105, , ,
851 117264 285630
Health and Hospitals:
Public health 1,275,751 14,011 14,564 1,275,198
Ambulance 191,538 15,467 4,900 202105.
Total Health and Hospitals 1,467, , , , ,
289 29478 19464 1
County Roads and Highways:
Engineering and administration 74,913 11,544 186 86,271
Public Welfare:
Administration 1,065,763 69, _
147 3� 1,130,943
Auxiliary Services:
Extension 818,034 513
Exhibition building 272 051 1,909 816,638
Veterans 10,402 6,5000 0 278,551
402
Missile site 117,907 - 100 119 25 895 192,131
Youth shelter 57,276 '948 '
Intake classification 0 51,440
1,440 0 0 1,440
Library 998,609 9 104 855 7,571 1 095 93
620,443
Human Resources ' s
Housing Authority 0 7,912 9,768 19,5600 700,912
Total Auxiliary Services 2,896,162 320. , , ,
615 54937 3
TOTAL GENERAL FIXED ASSETS
ALLOCATED TO FUNCTIONS $22,409,691 $ 1, , , , ,
489640 $ 306021 $23593310
111
GENERAI LONG-TER11l14
DEBTACCOUNTQ
RP
n,,
Sick and va ation accrual- fer Governmental Fund `types are recorde"d in •
;this fuad. ; s(
V
yy
`h°
t
}� 41
'''' ',.,''''',.:41'' ':-.:'''''^,V4:, x a`x
a 1
COLORADO
COUNTY OF WELD
STATE OF COLORADO
GENERAL LONG-TERM-DEBT - BY SOURCES
December 31, 1986 and 1985
GENERAL LONG-TERM DEBT: 1986 1985
Amount to be provided for retirement of
general long-term debt $ 1,254,027 $ 1,182,283
•
TOTAL GENERAL LONG-TERM DEBT $ 1,254 027 $ 1,182 283
GENERAL LONG-TERM DEBT FROM:
Vacation and sick leave $ 1,063,546 $ 962,324
Phone system 190,481 219,959
TOTAL GENERAL LONG-TERM DEBT $ 1 254,027 $ 1,182,283
•
113
STATISTICAL
r SECTION
1 17
9.. '0
a 1
s
''' r"'"tt YC2' WII1D€
T 5 ,I44.="3
=s 4, '
+
13,344
COLORA
COUNTY OF WELD
S O
General Governmental Expenditures by Function
(Unaudited)
Last Ten Years
County Public
General Public Roads & Health &
Year Government Safes_ Highways Welfare
1977 $ 4,129,260 $ 1,198,836 $ 4,430,812 $ 9,128,764
1978 S 4,777,054 $. 2,551,449 $ 5,493,292
1979 $ 4,709,301 $ 2,808,358 $ 9,691,198
1980 $ 5,203,105 $ 3,150,728 $ 6,157,485 $10,775,974
$12,436,419
1981 $ 5,403,963 $ 3,525,539 $ 7,436,150 6,811,742
1982 $ 5,400,021 $ 5,229,851 $ $13,783,902
1983 $ 5,725,137 $ 5,575,881 6,294,660
$ 6,997,923 $12,875,917
1984 $ 6,082,536 ,294 660 $ 87,136,11477 $13,961,545
7
1985 $ 6,120,744 ' $ 8,136,114 $13,799,706
1986 $ 7,283,096 $ 8,547,979 $13,748,609
$ 6,525,593 $ 7,496,132 $ 8,505,739
$14,660,502
General Revenue by Source
(Unaudited)
Last Ten Years
Licenses Intergovernmental
Year Taxes and Permits Revenue
1977 $ 9,694,012 S 141,938
1978 $ 10,273,210 $ 187,067 $ 11,620,117
1979 $ 11,288,778 $ 196,545 $ 13,517,280
S 14,280,094
1960 $ 12,025,910
1981 $ 12,947,563 $ 383,881 $ 18,664,253
1982 $ 13,166,821 $ 400,670 $ 20,283,181
1983 $ 14,467,200 $ 463,542 S 17,204,249
1984 $ 15,932,964 $ 635,645 $ 18,679,901
$ 669,934 $ 19,284,616
1985 $
1986 $ 17,888,662 $ 716,130 $ 19,890,173
$ 581,360 S 20,720,989
116
Auxiliary Debt Intragovernmental Total
Services** Capital Outlay Service Expenditures Miscellaneous Expenditures
$ 2,879,029 $ 3,774,888 $ * $ 71,924 $ 221,692 S 25,835,205
$ 3,984,390 $ 1,091,611 $ * $ 121,761 $ 111,134 $ 27,821,889
S 3,692,883 $ 805,092 $ * $ 169,316 $ -0- $ 29,118,409
$ 5,926,461 $ 344,889 $ * $ 118,498 $ -0- $ 34,616,250
$ 6,287,607 $ 591,188 $ * $ 83,594 $ -0- $ 36,487,535
$ 3,709,018 $ 485,735 $ * $ 375,305 $ 338,637 $ 35,412,407
$ 3,856,846 $ 379,684 $ 2,274 $ 431,789 $ 685,246 $ 38,335,279
$ 3,954,896 $ 1,347,365 $1,018,741 $ 415,102 $ 1,074,232 $ 42,123,352
$ 4,596,197 $ 1,515,560 $ 88,500 $ 465,517 $ 1,647,115 $ 44,013,317
$ 4,324,860 $ 1,075,380 $ 252,753 $ 488,119 $ 1,401,846 $ 44,730,924
* 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.
Charges for Fines and Miscellaneous Fee
Services Forfeits Revenue Accounts Total Revenue
$ 1,181,004 $ 2,364 $ 2,180,596 $ -0- $ 24,820,031
$ 1,278,237 $ 2,171 $ 2,417,306 $ -0- $ 27,675,271
$ 1,159,849 $ 3,018 $ 2,277,170 $ -0- $ 29,205,454
$ 1,974,601 $ 3,064 $ 2,089,689 $ -0- $ 35,141,398
$ 1,931,937 $ 3,108 $ 2,951,603 $ -0- $ 38,518,062
$ 1,151,453 $ 6,792 $ 2,995,740 $ 1,160 740
$ 1,406,359 $ 26,667 $ 2,543,940 $ 36,149,337
$ 1,541,520 $ 37,592 $ 3 $ 1,305,116 $ 39,064,828
3,948,342 $ 1,533,455 $ 42,948,423
$ 1,673,283 $ 78,261 $ 3,756,703 $ 1,631,937 $ 44,055,315
$ 1,742,650 $ 67,198 $ 3,775,144 $ 1,680,356 $ 46,456,359
General revenue includes revenue of General, Special Revenue, Capital Projects and Special Assessment Funds.
117
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
1977 $ 10,121,370 $ 10,099,155 99.78 $ 27,904 $ 10,127,059 $ 65,250
1978 $ 10,618,807 $ 10,558,800 99.43 $ 25,507 $ 10,584,307 $ 80,380
1979 $ 11,144,614 $ 11,101,916 99.62 $ 27,699 $ 11,129,615 $ 66,715
1980 $ 11,708,099 $ 11,660,552 99.59 $ 42,189 $ 11,702,741 S 70,795
1981 S 12,622,216 $ 12,596,620 99.68 $ 39,303 $ 12,635,923 $ 52,053
1982 $ 13,252,865 $ 13,169,249 99.37 $ 81,490 $ 13,250,739 $ 69,656
1983 $ 14,399,734 $ 14,307,719 99.36 $ 97,625 $ 14,405,344 $154,546
1984 $ 15,119,720 $ 14,985,503 99.11 $131,428 $ 15,116,931 $212,504,
1985 $ 15,875,706 $ 15,469,833 97.44 $ 28,931 $ 15,498,764 $307,203
1986 $ 17,147,925 $ 17,013,025 99.20 $ 84,065 $ 17,097,090 $404,559
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
1977 $ 396,640,305 $1,322,134,350 $ 86,478,215 $ 576,521,433 $ 483,111,520 $1,898,655,783
1978 $ 477,056,630 $1,590,188,766 $ 104,237,180 $ 694,914,533 $ 581,293,810 $2,285,103,299
1979 $ 497,514,340 $1,658,381,133 $ 165,480,900 $ 1,103,206,000 $ 662,995,240 $2,761,587,133
1980 $ 507,497,890 $1,691,659,633 $ 169,787,590 $ 1,131,917,266 $ 677,285,480 $2,823,576,899
1981 $ 555,820,990 $1,852,736,633 $ 176,028,980 $ 1,173,526,533 S 731,849,970 $3,026,263,166
1982 S 685,414,640 $2,284,715,466 $ 86,357,130 S 713,785,433 $ 771,771,770 $2,998,500,899
1983 $ 778,637,950 $2,647,089,025 $ 91,815,550 $ 316,605,345 $ 870,453,500 $2,963,694,370
1984 $ 764,916,130 $2,966,160,645 S 55,831,700 $ 192,523,103 $ 820,747,830 $3,158,683,748
1985 $ 819,535,750 $3,162,758,743 S 67,028,500 $ 231,132,759 $ 886,564,250 $3,393,891,502
1986 $ 742,979,600 $2,908,836,701 $ 70,154,400 $ 241,911,724 $ 813,134,000 $3,150,748,425
(1) Residential improved land and improvements at 21% of 1977 replacement cost, as
determined by State law.
(2) Commercial improved land and improvements at 29% of 1977 replacement cost, as
determined by State law.
118
COUNTY OF WELD
STATE OF COLORADO
Property Tax Rates and Tax Levies - All Overlapping Governments
(Unaudited)
Last Ten Years
Levy Collection School Junior
Year Year Cities Districts County College Other Total
Tax Rates
1976 1977 415.29 1,568.20 21.130 3.48 134.850 2,142.950
1977 1978 413.80 1,380.32 18.260 3.46 134.660 1,950.500
1978 1979 413.80 920.32 16.780 3.46 134.660 1,489.020
1979 1980 423.99 978.12 17.247 3.93 144.769 1,568.056
1980 1981 439.79 908.51 17.247 4.11 147.517 1,517.174
1981 1982 460.90 883.48 17.172 4.11 154.620 1,520.282
1982 1983 461.22 866.16 17.172 4.292 151.450 1,500.294
1983 1984 490.32 880.14 17.369 4.581 161.059 1,553.469
1984 1985 542.32 918.63 19.342 5.037 171.923 1,657.252
1985 1986 537.25 977.76 19.342 4.981 164.277 1,703.610
Tax Levies
1976 1977 $2,043,547 $21,724,237 $10,208,295 S1,645,660 $1,988,326 $37,610,065
1977 1978 $2,121,568 $25,429,499 $10,597,815 $1,797,717 $2,352,751 $42,299,350
1978 1979 $2,481,327 $27,770,414 $11,125,060 $1,988,606 $2,596,647 $45,962,054
1979 1980 $2,921,316 $29,216,839 $11,681,142 $2,317,544 $2,519,126 $48,655,967
1980 1981 $3,285,870 $32,572,132 $12,622,216 $2,622,812 $2,867,436 $53,970,466
1981 1982 $3,839,640 $35,181,714 $13,252,865 $2,737,134 $3,249,326 $58,260,679
1982 1983 $4,016,593 $37,913,573 $14,399,734 $3,686,486 $3,769,629 $63,786,015
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
The basis for the property tax rates is per $1,000 assessed valuation.
119
COUNTY OF WELD
S1A'u OY 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- $ 27,885
1982 $ 27,885 $ 13,531 2-1 - $ 14,354
1983 S 14,354 $ 4,098 3-1 $ 10,256
1984 $ 10,256 $ 1,282 8-1 S 8,974
1985 $1,083,974*** $ 2,236 4-1**** $1,081,738
1986 $1,081,738
$102,009 10-1 $1,006,758
NOTES: * Weld County had no special assessments from 1973-1980
** No Current assessments are due for the Elmore Road Assessment District until 1962
*** Due amount includes $1,075,000 for Road 5 which began in 1985
**** Ratio of collection is based on Elmore Road only for 1985
120
COUNTY OF WELD
STATE OF COLORADO
Computation of Legal Debt Margin
(Unaudited)
December 31, 1986
Assessed Value, 1985 $ 886,564,250
Debt Limit 3 Percent of Assessed Value 26,596,928
Amount of Debt Applicable to Limit:
Total Bonded Debt $ -
Installment Purchase Agreements -
Total Amount of Debt Applicable to
Debt Limit
Legal Debt Margin $ 26
, ,
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, 1986
Weld County is without bonded debt and the following statistical tables are not presented:
A. Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per
Capita - Last Ten Years
B. Computation of Overlapping Debt - December 31, 1986
C. Ratio of Annual Debt Service for General Bonded Debt to Total General
Expenditures - Last Ten Years
D. Revenue Bond Coverage - Last Ten Years
121
COUNTY OF WELD
STATE OF COLORADO
Demographic Statistics
(Unaudited)
December 31, 1986
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 - S 5,081
1980 - $ 6,505
1982 - $10,411
1984 - $11,501
5. Median Family Income 515,805 (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.
122
COUNTY OF WELD
STATE OF COLORADO
Property Value, Construction Bank Deposits
and Other Economic Indicators
(Unaudited)
Last Ten Years
1975 1980 1983 1984 1985 1986
Property Value - estimated
actual value (millions) $ 1,264.1 $ 2,948.7 $ 2,963.7 $ 3,158.7 $ 3,393.9 $ 3,473.1
Building Permits 1,339 1,241 2,699 2,450 2,519 2,113
Estimated Construction
(millions) $ 20.6 $ 23.8 $ 13.0 * * *
Bank Deposits (millions) $ 363.2 S 524.5 $ 664.5 * 9,854.2 *
Retail Sales (millions) $ 878.0 $ 781.3 $ 1,023.0 $ 1,022.9 $ 1,116.0 $ 1,044.1
Value of Crop Production
(millions) $ 134.6 $ 185.0 $ 184.6 $ 284.5 $ 191.0 *
Other years' data not available
* Information not available.
Source: Greeley Area Chamber of Commerce Survey
123
COUNTY OF WELD
SPATE OF COLORADO
Principal Taxpayers
(ilnauditedY
December 31, 1986
Per Cent
1986 Of Total
Assessed Assessed
Valuation Valuation
Amoco Production Company $ 93,503,320 10.31%
Eastman Kodak 49,758,170 5.48
Public Service Company of Colorado 26246300 2.89
Energy Oil Company 16,477,240 1.82
Mountain States Telephone & Telegraph 11,526,700 1.27
Panhandle Eastern Pipeline Company 11,229,000 1.24
Energy Minerals Corporation 8,945,630 .99
Machii Ross Petroleum Company 8,501,300 .94
Macey & Mershon Oil Company 7,413,870 .82
MGF Oil Corporation 7,130,790 .79
124
COUNTY OF WELD
STA7Er—ar—COMIADO
Miscellaneous Statistics
(Unaudited)
December 31, 1986
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 Officials - 10
Division Heads - 5
Department Heads - 9
Other Full Time Employees - 797
Part Time Employees - 235
7. Miles of Roads: Paved - 110.3
Unpaved - 2,818.8
8. Building Permits: No. of
Year Permits Valuation
1977 1,177 $ 30,102,553
1978 1,546 $ 58,749,363
1979 1,592 $ 34,782,283
1980 1,348 $ 54,775,497
1981 1,241 $ 32,851,694
1982 1,865 $ 35,207,497
1983 2,699 $ 51,480,002
1984 2,450 $ 44,854,598
1985 2,519 $ 37,423,180
1986 2,113 $ 34,964,831
9. Motor Vehicle Registration: 1977 - 122,133
1978 - 143,888
1979 - 133,437
1980 - 125,970
1981 - 129,159
1982 - 130,952
1983 - 132,458
1984 - 139,521
1985 - 136,444
1986 - 142,204
10. Special Districts
within County: 29 - Cities and Towns
18 - Schools
23 - Fire
17 - Water & Other
2 - Colleges
14 - Sanitation
11. Cities and Towns: Ault Gilcrest Lochbuie
Eaton Greeley Mead
Erie Grover Milliken
Evans Hudson New Rayner
Dacono Johnstown Nunn
Firestone Keenesburg Pierce
Frederick Recta 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
125
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics - Continued
(Unaudited)
December 31, 1986
13. Libraries: Ault Town Library 7,000 Volumes
Glenn A. Jones Library 9,639 Volumes
Greeley Library 127,148 Volumes
Platteville Library 7,609 Volumes
University of No. Colo. 755,519 Volumes
Weld Library District 168,768 Volumes
Windsor Public Library 23,793 Volumes
14. Elections: Number of Number Percent of
Registered of Votes Registered
Voters Cast Voters Voting
1974 General Election 45,175 30,002 66.4
1976 General Election 49,785 41,184 82.7
1978 General Election 47,832 29,818 62.3
1980 General Election 51,107 44,134 86.3
1982 General Election 51,476 36,301 70.5
1984 General Election 56,311 47,632 84.6
1986 General Election 62,725 38,488 61.1
15. Media Newspapers: The Greeley Tribune
The Banner
Town & Country News
Aims College World
The Mirror (UNC)
North Weld Herald
Farmer & Miner
Beene Valley Sun
Johnstown Breeze
Ft. Lupton Press
Platteville Herald
Windsor Beacon
Brighton Blade and Market Place
Erie Echo
Ft. Morgan Times
LaSalle Leader
Longmont Times Call
Platte Valley Voice
Evans Star Press
The Centennial News
Radio Stations: KFKA/KGBS
KYOU/KGRE
KUAD AM & FM
KUNC FM
Television: Receives commercial and public
television originating from both
Denver and Cheyenne stations;
also cable television.
16. Sales Tax as of December 31, 1985: State - 3%
Source: County offices.
126
COUNTY OF WELD
STATE OF COLORADO
Insurance In Force
(Unaudited)
December 31, 1986
Policy Period Details of Annual
Name of Company Policy Number Begins Expires Coverage Liability Limits Premiums
Lexington Ins. ED5101217-160 1/15/86 2/12/87 Medical $500,000 Combined
Company halpractice Single Limit
$1,000 Deductible $ 9,300
Safety Mutual SP-1486-CO 1/15/86 1/15/87 Excess Worker's $10,000,000/Occurrence
Casualty Corp. Compensation
Pe $200,000 Retention
Each Occurrence 25,000
Zurich Insurance BM31-93-524-02 1/1/86 1/1/87 Boiler and $10,000,000/Accident
Company Machinery $1,000 Deductible 2,933
Lloyds of London ISL 3512 7/1/86 6/30/87 Property Damage, Property: $50,000,000/
(Colorado ISL 3513 Automobile Occurrence
Counties Liability, All Liability: $150,000/
Casualty & General Liability, Person: $500,000/Claim
Property Pool)
Public Officials Excess Liability: (Federal
Liability, and Out-of-State Only)
Crime $850,000/Person Excess
$150,000; $600,000/Claim
Excess $40,000
Crime: $150,000/Loss
$500 Deductible/
Property Claim 380,384
127
COUNTY OF WELD
StATE OF COLORADO
Salaries of Principal Officials
(Unaudited)
December 31, 198E
ELECTED OFFICIALS:
Commissioners $ 28,000
Clerk & Recorder $ 28,000
Treasurer $ 28,000
Assessor $ 28,000
Sheriff $ 30,000
District Attorney $ 65,000
APPOINTED;
County Attorney $ 64,874
Director of Planning $ 34,995
Director of Finance and
Administration $ 71,618
Director of Building and
Grounds S 39,588
Director of Ambulance Services $ 30,172
County Engineer $ 47,064
Director of Social Services $ 53,244
Director of Health Department S 81,014
Director of Human Resources $ 47,064
Director of Information Services $ 63,287
Director of Purchasing $ 33,304
Director of Personnel $ 40,570
Comptroller $ 43,702
Director of Emergency Management S 24,158
Surety Bond Coverage for Principal Officials
(Unaudited)
December 31, 1985
District Attorney $ 5,000
Commissioner $ 25,000
Treasurer $ 250,000
Sheriff $ 20,000
Assessor $ 6,000
Coroner $ 5,000
County Clerk $ 25,000
County Clerk (Titles & Deeds) $ 5,000
Director of Finance and
Administration $ 100,000
Note: All bonds are issued by the St. Paul Insurance Company and are on file
with the Weld County Clerk and Recorder.
128
COUNTY OF WELD
STATE OF COLORADO
PRIVATE PURPOSE REVENUE BONDS
(Unaudited)
As of December 31, 1986
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 $ 1,115,000.00 $ -0- $ 55,000.00 $ 1,060,000.00
Colorado Landfill, Inc. Landfill 1,300,000 1/80 1,120,000.00 -0- 45,000.00 1,075,000.00
Nor-Colo Distributors Warehouse 925,000 8/80 785,000.00 -0- 45,000.00 740,000.00
Dr. Hesse Clinic 90,000 2/81 71,303.74 -0- 4,789.88 66,513.86
Dos Gringos Land Warehouse 380,000 12/81 323,663.85 -0- 17,844.96 305,818.89
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 1,920,000.00 -0- 75,000.00 1,845,000.00
10th Street Investment Office 2,500,000 8/82 2,420,000.00 -0- 35,000.00 2,385,000.00
Gateway Partnership Office 2,800,000 9/83 2,705,000.00 -0- 60,000.00 2,645,000.00
Dayton-Hudson Target Retail 2,000,000 4/83 1,600,000.00 -0- 200,000.00 1,400,000.00
Economy Lumber Retail 705,000 12/83 675,470.92 -0- 32,621.16 642,849.76
Colorado Counties, Inc. Office 625,000 7/84 625,000.00 -0- 0.00 625,000.00
Weld Mental Health Office 650,000 6/84 630,000.00 -0- 20,000.00 610,000.00
TOTAL INDUSTRIAL REVENUE BONDS 16,490,438.51 -0- 590,256.00 15,900,182.51
MORTGAGE REVENUE BONDS:
Single-Family Revenue
Bonds 1981-Series A $7,500,000 12/81 4,740,000.00 -0- 175,000.00 4,565,000.00
GRAND TOTAL PRIVATE PURPOSE REVENUE BONDS $21,230,438.51 $_0- $765,256.00 $20,465,182.51
129
COUNTY OF WELD
STATE OF COLORADO
RETIREMENT PLAN
REQUIRED SUPPLEMENTARY INFORMATION
(Unaudited)
ANALYSIS OF FUNDING PROGRESS
ASSETS IN
NET ASSETS PENSION EXCESS OF
FISCAL AVAILABLE BENEFIT PERCENT PENSION
YEAR FOR BENEFITS OBLIGATION FUNDED OBLIGATION
1977 $ 3,509,862 $ 3,509,862 100.0% $ -0-
1978 4,234,774 4,234,664 100.0% (110)
1979 4,679,932 4679779 100.0% (153)
1980 6,364,130 6,364,130 100.0%
1981 6,747,934 6,747,934 100.0% -0-
1982 9,248,144 7,730,870 119.6% (1,517,274)
1983 11,244,338 7,424,910 151.4% (3819428)
1984 12,970,501 9,267,695 140.0% (3,702,806)
1985 16,858,875 10,070,430 167.4% (6,788,445)
1986 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
1977 $ 305,211 $ 305,211
1978 393,531 393,531 179$ 143,880 $ 754,302
412 4
1979 426,861 426,861 250,710 1,104,432
1980 485,569
1981 526,569 485,484 578,013 1,548,981
1982 595, 526,569 468,727 1,521,865
1983 893 595,893 1,074,456 2,266,242
1984 632,054 666,393 632,054 1,261,004 2,525,112
1985 708 883666,393 1,043,786 2,376,572
1986 743,931 708,883 3,162,758 4,580,524
e 743,931 2,598,746 4,086,608
EXPENSES BY TYPE
FISCAL ADMINISTRATIVE
YEAR BENEFITS EXPENSES REFUNDS TOTAL
1977 $ 89,542 $ 23,534 $ 142,273
1978 102,158 $ 255,349
1979 128,853 34,770 127,413 264,341
1980 147,539 39,100 201,365 369,318
1981 178,922 41,710 189,421 378,670
1982 217,167 53,405 235,113 467,440
1983 263,080 66,498 220,477 504,142
1984 316,266 84,059 267,431 614,570
1985 438,398 45,162 382,735 744,163
1986 464,517 91,491 192,416 722,305
116,852 246,809 828,178
130
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