HomeMy WebLinkAbout911230.tiff OF 611
mow. +� O - - TIMOTHY M. 0'BRIE N, C.P.A.
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e,`-�El - STATE OF COLORADO State Auditor
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* 449 * OFFICE OF STATE AUDITOR Legislative Services Building
* * (303) 866-2051 - 200 East 14th Avenue
41876 FAX (303) 866-2060 - - Denver, Colorado 80203.2211
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June 18, 1991
Board of County Commissioners RE : #576
Weld County
P . 0. Box 758
Greeley, Colorado 80632
Dear Board Members :
The Colorado Local Government Audit Law (Section 29-1-607,
C .R. S . ) directs the State Auditor to examine the audits of
all local governments in Colorado . In compliance with this
law, we have reviewed the audited financial report of Weld
County for the year ended December 31, 1989 . We found your
report to be well prepared and informative. We did note the
following items that need to be brought to your attention.
Please clarify the reporting entity disclosure in future
reports to define whether or not the Office of the District
Attorney - Nineteenth Judicial District, including the Crime
Victim Compensation Boards, has been included in total as a
component unit of the County .
Page 45 of the report indicates food stamps are included in
cash and short-term investments, and discusses
collateralization of these investments . Food stamps are
normally considered an inventory item.
A supplemental report of highway receipts and expenditures,
on the form provided by the Colorado Department of Highways,
is required by statute to be included in the audited
financial statements . Future audited financial statements
may not be accepted due to non-compliance with this law.
The Colorado Contraband Forfeiture Act (C.R. S . 16-13-501 to
511) addresses the accounting for proceeds from the seizure
of contraband. These funds must be used for the specific
purpose of law enforcement activities . While these proceeds
are exempt from the appropriation process, they are subject
to the Local Government Audit Law (CRS 29-1-601 to 608) .
Please expand disclosure in future audit reports to indicate
that these funds, if any, have been audited.
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911230
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Weld County
June 18, 1991
Page Two
Congratulations on your receipt of the GFOA Certificate of
Achievement for Excellence in Financial Reporting for your
1988 report .
If we may be of any assistance to you, please feel free to
call us .
Very truly yours,
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Li da Greenly, CPA CJ
Director of Local Government Audits
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cc : Division of Local Government
Deloitte & Touche
Certified Public Accountants
Tom Talmadge
Department of Highways
Doug Mackey
Department of Social Services
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