HomeMy WebLinkAbout911275.tiff COMPREHENSIVE
� ANNUAL
(01011:4 FINANCIAL
G REPORT
COLORADO
Year Ended December 31 , 1990
COUNTY of WELD
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STATE of COLORADO
COMPREHENSIVE ANNUAL FINANCIAL REPORT
COUNTY OF WELD
STATE OF COLORADO
YEAR ENDED DECEMBER 31, 1990
Issued by:
Department of Finance
& Administration
Donald D. Warden, Director
Finance and Administration
TABLE OF CONTENTS
Page
INTRODUCTORY SECTION
Table of Contents 1
Letter of Transmittal 7
Government Finance Officers Association Certificate
of Achievement for Excellence in Financial Reporting 22
Organization Chart 23
Principal County Officials 24
FINANCIAL SECTION
INDEPENDENT AUDITORS• REPORT 25
GENERAL PURPOSE FINANCIAL STATEMENTS
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS . . . . 28
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE
TRUST FUNDS 30
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND
BALANCES - BUDGET AND ACTUAL - ALL GOVERNMENTAL FUND TYPES . 32
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
RETAINED EARNINGS/FUND BALANCES - ALL PROPRIETARY FUND
TYPES, PENSION TRUST AND NONEXPENDABLE TRUST FUNDS 34
COMBINED STATEMENT OF CASH FLOWS-
ALL PROPRIETARY FUND TYPES AND NONEXPENDABLE
TRUST FUND 35
NOTES TO FINANCIAL STATEMENTS 36
COMBINING, INDIVIDUAL FUND AND INDIVIDUAL ACCOUNT GROUP
FINANCIAL STATEMENTS AND SCHEDULES
GENERAL FUND
BALANCE SHEET 59
SCHEDULE OF REVENUES AND EXPENDITURES, BUDGET AND ACTUAL . . . 60
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 65
COMBINING BALANCE SHEET 66
-1-
TABLE OF CONTENTS - (CONTINUED)
Page
SPECIAL REVENUE FUNDS (Continued) :
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES 68
Road and Bridge Fund - Schedule of Revenues and
Expenditures, Budget and Actual 70
Social Services Fund - Schedule of Revenues and
Expenditures, Budget and Actual 72
Conservation Trust Fund - Schedule of Revenues and
Expenditures, Budget and Actual 74
Contingent Fund - Schedule of Revenues and
Expenditures, Budget and Actual 75
Public Health Fund - Schedule of Revenues and
Expenditures, Budget and Actual 76
Human Resources Fund - Schedule of Revenues and
Expenditures, Budget and Actual 77
Solid Waste Fund - Schedule of Revenues and
Expenditures, Budget and Actual 79
Housing Authority Fund - Schedule of Revenues and
Expenditures, Budget and Actual 80
CAPITAL PROJECTS FUND
EXPLANATION OF INDIVIDUAL FUND 81
BALANCE SHEET 82
CAPITAL EXPENDITURES FUND - SCHEDULE OF REVENUES
AND EXPENDITURES, BUDGET AND ACTUAL 83
ENTERPRISE FUND
EXPLANATION OF INDIVIDUAL FUND 85
BALANCE SHEET 86
AMBULANCE FUND - SCHEDULE OF REVENUES AND
EXPENSES COMPARED WITH BUDGET 87
-2-
TABLE OF CONTENTS - (CONTINUED)
Page
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 89
COMBINING BALANCE SHEET 90
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
RETAINED EARNINGS 92
COMBINING STATEMENT OF CASH FLOWS 94
Motor Vehicle Fund - Schedule of Revenues and Expenses
Compared with Budget 96
Health Insurance Fund - Schedule of Revenues and Expenses
Compared with Budget 97
Printing and Supply Fund - Schedule of Revenues and
Expenses Compared with Budget 98
Computer Services Fund - Schedule of Revenues and
Expenses Compared with Budget 99
Insurance Fund - Schedule of Revenues and Expenses
Compared with Budget 100
PBX Fund - Schedule of Revenues and Expenses Compared
with Budget 101
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS 103
COMBINING BALANCE SHEET 104
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES -
PENSION TRUST FUND 106
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - ALL EXPENDABLE TRUST FUNDS 107
SCHEDULE OF REVENUES, EXPENSES, AND CHANGES IN FUND
BALANCE - NONEXPENDABLE TRUST FUND 108
COMBINING STATEMENT OF CHANGES IN ASSETS AND
LIABILITIES -- ALL AGENCY FUNDS 109
-3-
TABLE OF CONTENTS - (CONTINUED)
Page
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCE 111
SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY . . 112
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION
AND ACTIVITY 113
GENERAL LONG-TERM DEBT ACCOUNT GROUP
SCHEDULE OF GENERAL LONG-TERM DEBT 115
STATISTICAL SECTION
Tables Relating to Bonded Debt 117
General Governmental Expenditures by Function 118
General Revenue by Source 118
Property Value, Construction, Bank Deposits and
Other Economic Indicators 120
Property Tax Levies and Collections 121
Assessed and Estimated Actual Value of Taxable Property 121
Property Tax Rates and Tax Levies - All Direct and
Overlapping Governments 122
Special Assessment Collections 123
Computation of Legal Debt Margin 124
Demographic Statistics 125
Principal Taxpayers 126
Miscellaneous Statistics 127
Insurance In Force 129
Salaries of Principal Officials 130
Surety Bond Coverage for Principal Officials 130
Private Purpose Revenue Bonds 131
Retirement Plan Required Supplementary Information 132
Computation of Overlapping Bonded Debt - General
Obligation Bonds 133
-4-
TABLE OF CONTENTS - (CONTINUED)
Page
COMPLIANCE SECTION
INDEPENDENT AUDITORS' REPORT ON SUPPLEMENTAL SCHEDULE OF FEDERAL
FINANCIAL ASSISTANCE 135 .
SUPPLEMENTAL SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE 136
SCHEDULE OF FINDINGS AND QUESTIONED COSTS 146
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH SPECIFIC
REQUIREMENTS APPLICABLE TO BOTH MAJOR AND NONMAJOR
FEDERAL FINANCIAL ASSISTANCE PROGRAMS 152
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH THE GENERAL
REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL
ASSISTANCE PROGRAMS 154
INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE
USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS 155
INDEPENDENT AUDITORS' COMPLIANCE REPORT BASED ON AN AUDIT OF
GENERAL PURPOSE FINANCIAL STATEMENTS 158
INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE
(INCLUDING APPENDIX) 159
-5-
INTRODUCTORY
SECTION
COLORADO
DEPARTMENT OF FINANCE AND ADMINISTRATION
PHONE(303)358-4000 EXT.4218
B P.O.BOX 758
GREELEY,COLORADO 80832
ik
COLORADO
May 17, 1991
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 fiscal year ended December 31, 1990, is hereby submitted.
Responsibility for both the accuracy of the data, and the completeness and
fairness of the presentation, including all disclosures, rests with the
County. To the best of our knowledge and belief, the enclosed data are
accurate in all material respects and are reported in a manner designed to
present fairly the financial position and results of operations of the
various funds and account groups of the County. All disclosures necessary to
enable the reader to gain an understanding of the County's financial
activities have been included.
The comprehensive annual financial report is presented in four sections:
introductory, financial, statistical and compliance. The introductory
section includes this transmittal letter, the government's organizational
chart and a list of principal officials. The financial section includes the
general purpose financial statements and the combining and individual fund
and account group financial statements and schedules, as well as the
independent auditors' report on the financial statements and schedules. The
statistical section includes selected financial and demographic information,
generally presented on a multi-year basis.
The County is required to undergo an annual single audit in conformity with
the provisions of the Single Audit Act of 1984 and U.S. Office of Management
and Budget Circular A-128, Audits of State and Local Governments.
Information related to this single audit, including the schedule of federal
financial assistance, findings and recommendations, and auditors' reports on
the internal control structure and compliance with applicable laws and
regulations, are included in the compliance section of this report.
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.
-7-
Honorable Board of Commissioners - Continued:
Control or dependence is determined on the basis of budget adoption, taxing
authority, funding, scope of public service, ability to influence operations,
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 Public 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.
Weld County Finance Corporation -- This corporation has three
officers who are employees of the County. Funding is through sale
of bonds. The operation is accounted for as a nonexpendable 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 members of the Normedco Board of
Directors. Normedco is a holding company of which the North
Colorado Medical Center (NCMC) is anon-profit subsidiary operating
the hospital. The County commits minimal capital funds annually
(less than lx of the total NCMC revenues for 1989) . The NCMC has
the ability to incur its own debt and its operations are financed
totally by patient revenues.
-8-
Honorable Board of Commissioners - Continued:
Greeley-Weld Airport Authority-- The County Commissioners appoint
two of the five Airport Authority Board members. The County has
contributed approximately 5S of the funds for capital construction.
The Authority has full autonomy under Colorado State law, can incur
debt, and funds its operations totally from user fees.
Weld Library District -- The County Commissioners, together with
the concurrence of the city councils of seven participating
municipalities, appoint the seven member Library District Board.
The Library District Board has total autonomy under the State
Library Act to incur debt, establish budgets, and levy property
taxes to support the district's library system.
The County provides the full range of County services contemplated by statute
or charter. These include general government functions, public protection
and safety, health, social services, human resource services, public
improvements, road and bridge operations, planning and zoning, and general
administrative services.
ECONOMIC CONDITION AND OUTLOOK
Weld County has a strong, stable and diverse industrial base. Rooted in
agri-industry and food processing, the economy has diversified substantially
over the past 20 years. Among the major firms that have located here are the
Eastman Kodak Company (2,550 employees), Hewlett Packard (836 employees) ,
State Farm Insurance Regional Office (761 employees), Anheuser-Busch (114
employees), Tate & Lyle (300 employees) , ConAgra Companies (4,000+
employees) , and R.R. Donnelley & Sons (148 employees) . These larger
companies are joined by over 300 other industrial and distribution firms --
providing a wide range of employment opportunities.
Weld County is located in northeastern Colorado. Weld County has maintained
its rank as the fourth most productive agricultural county in the nation
based upon U.S. Department of Commerce Census of Agriculture report. The
ranking came even before National Hog Farms expanded into Weld County, before
ConAgra opened its lamb processing plant, and before Longmont Foods made
several additions in Weld County. National Hog Farms began construction on
a $50 million facility east of Kersey in 1989. When it reaches full
production in July, 1991, it will double the state's number of hogs sent to
market annually. National Hog Farms will send 300,000 hogs and pigs sold.
Although Weld is number four in over all agricultural production it is ranked
number one in the nation in several other categories: value of livestock,
poultry and their products; sheep and lambs inventory; sheep and lambs sold;
the number of cattle and calves sold; and the number of cattle fattened on
grain. Weld was second in value of cattle and calves sold.
-9-
Honorable Board of Commissioners - Continued:
Despite its high ranking in many categories, Weld was ranked 72nd in the
nation in government payments. About the only crops grown in the County
which are eligible for direct payments to farmers are wheat and corn. Many
other crops popular in Weld -- such as onions, corn silage, dry beans and
other vegetables -- do not receive government payments.
Weld County is the third most productive oil and gas county in the Rocky
Mountain Region. Although 1990 oil and gas activity was down, drilling
activity and production are up substantially since the fourth quarter of 1990
due to the Gulf War. The prospects for the energy industry look good for
1991.
While the majority of the country was experiencing a growing recession,
activity in Weld County remained stable in 1990. Companies announcing
commercial industrial projects since the first of the year projected the
addition of 361 new full-time, and 100 new part-time jobs. In addition,
approximately $152 million in new investment is projected over the next
couple of years.
Each year statistics have demonstrated the importance of our existing group
of Weld employers, and 1990 was no exception. Approximately 58% of the new
jobs and 96% of the new investment can be attributed to the growth of our
existing industrial base. Retention has been, and will continue to be an
important element of our marketing and overall program of work for economic
development in Weld County.
Weld's unemployment rate has consistently been decreasing over the past
couple of years, with more and more employers reporting some difficulty in
finding employees. This trend, no doubt, will eventually force the pay scale
up. However, companies consistently reported that Weld County remains an
excellent place to do business, primarily due to the exceptional quality of
the labor force.
That's not to say, however, there weren't numerous concerns voiced throughout
the year by large and small companies alike. Many we've heard before, such
as: worker's compensation rates, property taxation, transportation concerns
and, in general, the escalating cost and risk associated with doing business.
The tax savings provided by the Greeley/Weld Enterprise Zone to employers
throughout the County played an important role in the expansion of companies
and location of new companies to the area.
-10-
Honorable Board of Commissioners - Continued:
Some of the companies announcing expansions in 1990 are listed below:
NEW
EXISTING COMPANY EXPANSION INVESTMENT EMPLOYEES
Kodak (Windsor) $90 million --
Hewlett Packard $5.5 million --
Sign-On (Evans) $200,000 3
RSS Medical $ 50,000 2
Greeley Trading $2 million 25
PTI -- 100 pt
VMI (Frederick) $150,000 35
Harsh Hydraulics (Eaton) $500,000 --
Western Sugar $600,000 --
Nat. Board of Chiropractic Examiners $2.5 million 5
Western Refractory (S. Weld) $150, 000 3
State Farm $150,000 3
NCMC $25 million --
Ghent Motors $400,000 --
Monfort Portion Foods $800,000 50
Weld Mental Health $200,000 24
J.W. Brewer Tire Co. (S. Weld) $300,000 To attract new companies to Weld County, Economic Development Action
Partnership continued an aggressive nationwide marketing campaign in 1990,
including national advertising, trade show attendance, direct mail,
telemarketing, etc. This activity resulted in numerous new company locations
to Weld County in 1990 and we start 1991 with a list of 45 companies
interested in a Weld location. Among the new company locations announced in
1990 were:
NEW
NEW COMPANY EXPANSION INVESTMENT EMPLOYEES
Frontier Steel (Frederick) $250,000 10
DPC (Hudson) $2.5 million 25
Enterprise Inc. $1 million 3
T-Mar Plastics $1 million 25
Mountain Molding (S. Weld) $700,000 20
Excelsior Software $ 50,000 10
California By-Products $100,000 15
Western Auto $500,000 28
Lamb Trailer Wash (N. Weld) $100,000 3
Weld County is fortunate to have a diverse group of employers that support
continued growth through expansion of existing companies, or new company
locations. We are confident that Weld County will continue to be successful
in retaining and attracting business to keep our local economy growing.
-11-
Honorable Board of Commissioners - Continued:
The success Weld County has experienced is due to a variety of factors,
including:
. A stable and diversified economy. Weld County ranks among the top
counties nationally in the value of its agricultural products, is
the second highest producing Colorado county in oil/natural gas
production, and consistently ranks as one of the top Colorado
counties in the value of its manufactured products.
. Weld County has experienced a continued, steady population growth
rate.
. County and city governments are aggressively pro-business, offering
planned industrial properties and attractive incentives programs.
Greeley and Weld County have been designated a state Enterprise
Zone, allowing qualified businesses to take credit against their
state income taxes for equipment investment and jobs.
. Weld County's labor force represents the best of all possible
worlds. Entry wage rates generally fall in the $4.50-$6.00/hour
range, and our employees represent a solid Midwestern work ethic.
Organized labor represents approximately 32 of our manufacturing
workforce.
. An excellent transportation system provides easy access to national
and growing regional markets. Two interstate highways (I-25 and
I-76) and two U.S. highways (U.S. 34 and U.S. 85) serve the county,
and two additional interstate highways border Weld County (I-70 and
I-80) . Fourteen motor freight firms and three railroads provide
freight service. Commercial air service is provided by 18 carriers
operating from Denver's Stapleton Airport to 186 cities and nine
countries; the airport is an hour's drive from the County's
population centers. The new Denver International Airport under
construction will be located at the southern edge of Weld County
(completion - 1995), about 45 minutes from Greeley.
. Weld County offers an outstanding quality of life. Within a 50-
mile radius are located four major universities with the attendant
cultural and athletic events, the Denver metropolitan area forms
the County's southern boundary, and six major ski areas are located
within a two-hour drive. Weld County is home to the oldest
philharmonic orchestra west of the Mississippi River, and is the
site of the largest civic auditorium in Northern Colorado. Rocky
Mountain National Park, 50 miles to the west, offers outstanding
outdoor activities. Twelve school districts offer quality
education to over 22,000 students. Small town atmosphere with
access to all of the recreational and cultural amenities of larger
metropolitan areas, make this an ideal area to work and raise a
family.
-12-
Honorable Board of Commissioners - Continued:
MAJOR INITIATIVES
For the Year: In the 1990 budget process, the Board identified a number of
significant program changes to enhance service delivery to the citizens of
Weld County. The following is a summary of significant program changes and
initiatives for 1990:
. An overall policy decision impacting all departments was the
Board's elimination of the pay-for-performance pay plan and
elimination of corresponding bonuses associated with the pay plan.
In its place the Board added a sixth pay grade and provided for a
3% spread between the six-step pay plan.
. The Sheriff was permitted to implement a home detention program at
a net County cost of $28,100 to reduce the jail population.
Approximately 20-25 inmates can be accommodated with the home
monitoring devices.
. The County entered into a contract with the State Department of
Corrections to house 15 state prisoners to relieve the prison
overcrowding problem. The County was paid $65/day per prisoner to
offset the County's costs.
. The Weld County Ambulance, after a five-year phase-in program,
became self-sufficient in 1990. The program, with the 9% fee
increase, did not require any County subsidy.
. Due to the state prison overcrowding problem the Community
Corrections program was expanded from $180,000 to over $1,000,000
for 1990, which will accommodate over 100 clients per day. Costs
are 100% recoverable from the State of Colorado.
. The Sheriff's Office assumed the animal control enforcement program
in Weld County beginning January 1, 1990. Historically, the Humane
Society has performed the function. Due to inadequate service
level and lack of coordination with the Sheriff's Office on the
part of the Humane Society, it was decided to turn the program
entirely over to the Sheriff's Office.
. Pest and Weed's responsibility for roadside spraying was eliminated
in 1990. The program received the same funding, but was not
responsible for roadside spraying, only bridge approaches and
intersections. Road and Bridge is handling all roadside weed
control beginning in 1990.
-13-
Honorable Board of Commissioners - Continued:
. Due to the passage of HB 1012 approving additional highway user tax
funds from an added two cents per gallon gas tax, Weld County
received an additional $1, 167,000 for road and bridge construction
in 1990. These funds supplemented an area badly in need of funds
due to much needed road improvements and maintenance.
. The Social Services department accommodated the requirements to
implement the anticipated "Welfare Reform" initiatives that
impacted Weld County beginning October 1, 1990.
. In order to accommodate state shifted responsibilities for food
service inspections, septic sludge permits, and board and care
inspections, 1.5 FTEs were added to the Environmental Health
Protection Unit for 1990. Much of the cost was offset by increased
revenue from fees.
For the Future: As Weld County looks to 1991, a number of significant
changes will be focused on by the Board and staff to meet the needs of the
County. A new mainframe CPU (IBM ES9000, Model 210) was successfully
installed in January, 1991 to accommodate the growing computer needs of the
County departments.
To cope with growing health insurance costs, Weld County converted a managed
care health indemnity program. With this program the County stopped being
self-insured in the health insurance field, except for dental and vision
care. Another employee benefit change was amending the Weld County
Retirement Plan in 1991 to permit full vesting at five years and increase
credit earned for years of service.
Future projections indicate a continued demand and expansion of programs in
the criminal justice sector of the County. To cope with the growing drug
problem a Drug Task Force has been developed in conjunction with the
municipal law enforcement agencies, Sheriff and District Attorney. The
capacity of the Community Corrections program is being expanded fifty percent
to help relieve the State's prison overcrowding problem. Jail alternative
programs are being implemented to prolong the life of the County jail. Even
with these programs the Jail Task Force is looking at the possibilities of
constructing a 150-bed minimum security facility in late 1991.
In the area of human services Weld County is modifying job and public
assistance programs to implement the JOBS program and AFDC-U program in
accordance with state and federal guidelines. Concurrent with this
implementation Weld County is seeking special state legislation and federal
waivers from HHS to re-enact a Welfare Diversion program similar to the one
operated successfully for ten years prior to the federal JOBS legislation.
A pilot program with School District 116 and Headstart is being conducted in
1991 to explore the feasibility of locating Headstart facilities on District
116 school sites to better integrate Headstart and elementary schools
programmatically.
-14-
Honorable Board of Commissioners - Continued:
A new long-range capital plan was unveiled in February, 1991 outlining the
conversion of the Centennial Complex to a criminal justice center over a 10-
15 year period. Current programs operating at the Centennial Complex would
be transitioned to the Weld County Business Park over a two-phase process.
The plan also accommodates a jail expansion program during the same time
period.
Construction of the new Denver International Airport which is scheduled for
completion in 1995 continues. The site of the new airport is less than 15
miles from the southern border of Weld County. The spin-off growth from the
airport is expected to positively impact Weld County from Greeley south. The
County is positioning itself to deal with this growth as it impacts land use,
transportation, human service requirements, and economic development.
Department Focus: 1990 was the first complete year the fully integrated
financial system was operational. The financial system now integrates the
accounting, purchasing, outstanding warrant, budget, payroll, fixed asset,
and accounts receivable systems into one overall system for financial
management. The entire system, as implemented, has on-line inquiry
capabilities for all departments and on-line input for accounting,
purchasing, and payroll staff. A new automated system was used for the
preparation of schedules used in the annual audit and in the preparation of
the financial statements. The cost accounting system for the road and bridge
system was revamped and updated to comply with new statutory requirements in
1990.
Beginning in 1991 the Accounting Department assumed the claims administration
of the County's self-insured dental and vision plan. The claims are
integrated into the cafeteria flexible benefit plan already administered by
Accounting.
FINANCIAL INFORMATION
Management of the County is responsible for establishing and maintaining an
internal control structure designed to ensure that the assets of the County
are protected from loss, theft or misuse and to ensure that adequate
accounting data are compiled to allow for the preparation of financial
statements in conformity with generally accepted accounting principles. .The
internal control structure is designed to provide reasonable, but not
absolute, assurance that these objectives are met. The concept of reasonable
assurance recognizes that: (1) the cost of a control should not exceed the
benefits likely to be derived; and (2) the evaluation of costs and benefits
requires estimates and judgments by management.
-15-
Honorable Board of Commissioners - Continued:
Single Audit. As a recipient of federal and state financial assistance, the
County also is responsible for ensuring that an adequate internal control
structure is in place to ensure compliance with applicable laws and
regulations related to those programs. This internal control structure is
subject to periodic evaluation by management and external auditors.
As a part of the County's single audit, described earlier, tests are made to
determine the adequacy of the internal control structure, including that
portion related to federal financial assistance programs, as well as to
determine that the County has complied with applicable laws and regulations.
The results of the County's single audit for the fiscal year ended December
31, 1990 indicated no instances of material weaknesses in the internal
control structure or significant violations of applicable laws and
regulations.
Budgeting Controls. In addition, the County maintains budgetary controls.
The objective of these budgetary controls is to ensure compliance with legal
provisions embodied in the annual appropriated budget approved by the
government's governing body. Activities of the general fund, special revenue
funds, and debt service fund are included in the annual appropriated budget.
Project-length financial plans are adopted for the capital projects funds.
The level of budgetary control (that is, the level at which expenditures
cannot legally exceed the appropriated amount) is established at the
department level. The government also maintains an encumbrance accounting
system as one technique of accomplishing budgetary control. Purchase orders
which result in an overrun of department balances are not released until
additional appropriations are made available. Encumbered amounts lapse at
year end. However, encumbrances generally are reappropriated as part of the
following year's budget.
As demonstrated by the statements and schedules included in the financial
section of this report, the government continues to meet its responsibility
for sound financial management. All dollar amounts presented in tables in
the remainder of this letter are expressed in thousands.
GENERAL GOVERNMENT FUNCTIONS
Revenue for general government functions including General, Special Revenue,
Capital Projects and Expendable Trust Funds totalled ;66,278,613 in 1990, an
increase of 10.5% over 1989.
-16-
Honorable Board of Commissioners - Continued:
General property taxes and specific ownership taxes produced 33.65 of total
revenue, down from 35.35 in 1989. The amount of revenue from various sources
and the changes from 1989 are shown in the following tabulation:
Increase
Percent (Decrease)
Revenue Sources Amount of Total from 1989
Taxes $ 22,300.1 33.65 $ 1, 107.2
Licenses and Permits 597.3 .9 (10.9)
Intergovernmental Revenue 34,488.2 52.0 5, 192.0
Charges for Services 2, 102.2 3.2 150.0
Fines and Forfeitures 66.9 .1 .3
Miscellaneous Revenue 4,502.6 6.8 (474.6)
Fees 2,221.3 3.3 324.9
Total $ 66.278.6 100.05 $ 6,288.9
The mill levy for property taxes collected in 1990 is 20.892 mills, up 1.624
mills, or 8.45. The assessed valuation for 1990 was $1,018,788,490 which is
down $2,510,430 or 0.25 from the prior year. The decline is primarily
attributed to a decline in residential property of $24.9 million caused by
the change from 165 to 155 of actual value, state property of $6.2 million,
and vacant land of $2.5 million.
The final mill levy was changed from 20.633 to 20.892 due to the granting of
tax credits for any 1990 tax adjustments back to the 1987 property taxpayer
per SB184 that was passed by the Colorado State Legislature in 1988. While
other local governments were restricted to a 5.55 property tax increase in
1990, Weld County, due to the Home Rule Charter, is restricted to 55.
Current tax collections were 98.65 of the tax levy, up 1.75 from 1989.
Delinquent tax collections were $63,054 compared with $61,419 in 1989.
Allocations of property tax by purpose for 1990 and 1989 are shown as
follows:
1990 1989
Purpose Mills Mills
General Fund 12.620 12.065
Special Revenue Funds 6.934 6.683
Capital Project Fund .785 .000
Intergovernmental Service Funds .553 .520
Total Tax Rate 20.892 19.268
-17-
Honorable Board of Commissioners - Continued:
Intergovernmental Revenue represented 52.02 of total general governmental
revenue, compared with 47.42 for 1989.
Expenditures for general governmental purposes including General, Special
Revenue, Capital Projects, and Expendable Trust Funds totalled $64,799,873,
an increase of 8.92 over 1989. Changes in levels of expenditures for major
functions of the County over 1989 are shown in the following tabulation:
Increase
Percent (Decrease)
Expenditure Purpose Amount of Total from 1989
Current Operating:
General Government $ 8,112.8 12.52 $ 867.9
Public Safety 9,749.4 15.0 1,141.7
Public Works 11,147.2 17.2 775.3
Public Health & Welfare 23,641.4 36.5 2,948.3
Culture & Recreation 245.8 .4 21.1
Economic Assistance 8,282.9 12.8 1,313.0
Capital Outlay 679.6 1.0 (1,447.1)
Debt Service 485.9 .8 18.6
Intergovernmental 741.2 1.1 (47.2)
Miscellaneous 1,713. 7 2. 7 (274.1)
Total $ 64. 799. 9 100.02 $ 5.317.5
FUND BALANCE
Total fund balance and fund equity in the major operating funds were
maintained at adequate levels. The General Fund balance of $2,268,836 was up
$17,891 from last year. The $6,640,792 balance in the Special Revenue Funds
was up from the previous year by 10.02.
Enterprise Operations: The County's enterprise operation is comprised of the
Ambulance Service Fund. The Ambulance Service is a countywide advanced life
support emergency medical service. The program is primarily supported by
fees with a subsidy from the County of indirect support costs only. The
operation did over 5,500 calls in 1990 and generated revenue of $1, 768,624.
—18—
Honorable Board of Commissioners - Continued:
Pension Trust Fund Operations: The operations of the Weld County Retirement
Plan remained stable in 1990. The annual actuarial valuation continues to
reflect a positive trend in the funding of the retirement plan, resulting in
an excess funding capacity in the amount of $3,818,593.
Capital Project Funds: The Capital Expenditures 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. No major projects in that
plan were pending at the end of 1990. Funds in 1990 were being accumulated
for a minimum security jail to be constructed in 1991.
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 Proprietary Funds. As of December 31, 1990, the
General Fixed Assets of the County amounted to $26,878,823. This amount
represents the original cost of the assets and is considerably more than
their present value. Depreciation of General Fixed Assets is not recognized
in the County's financial statements.
Debt Administration: In 1990 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 thirty million dollar
allowable debt capacity in accordance with Colorado State Statutes. There
are lease/purchase agreements which involve two phone systems under which
principal payments will total $54,475, and Certificate of Participation Bond
Issues totalling $1,620,000 for the construction of a library and classrooms
in Southern Weld County and the Human Resources Building.
Cash Management: Cash temporarily idle during the year was invested in time
deposits ranging up to 180 days to maturity. Interest earned on investments
of cash held by the County Treasurer was recorded as revenue in the General
Fund, with the exception of interest attributed to the 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 $2,053,124 in 1990.
The County's investment policy is to minimize credit and market risks while
maintaining a competitive yield on its portfolio. Accordingly, deposits are
either insured by federal depository insurance or collateralized. All
collateral on deposits was held either by the government, its agent or a
financial institution's trust department in the government's name. All of
investments held by the government during the year and at December 31, 1989,
are classified in the category of lowest credit risk as defined by the
Governmental Accounting Standards Board.
-19-
Honorable Board of Commissioners - Continued:
Risk Management: During 1990 Weld County continued to be a member of
Colorado Counties Casualty and Property Pool and County Worker's Compensation
Pool. The pools offer full safety and risk management programs to minimize
losses, together with 57 other Colorado counties.
OTHER INFORMATION
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. The accounting firm of Deloitte & Touche,
CPAs, was selected by the County. In addition to meeting the requirements
set forth in the Charter, the audit also was designed to meet the
requirements of the federal Single Audit Act of 1984 and related OMB Circular
A-128. The auditors' report on the general purpose financial statements and
combining and individual fund statements and schedules is included in the
Financial Section of this report. The auditors' reports related specifically
to the single audit are included in the Compliance Section.
Awards: The Government Finance Officers Association (GFOA) awarded a
Certificate of Achievement for Excellence in Financial Reporting to the
County for its comprehensive annual financial report for the fiscal year
ended December 31, 1989. This was the eighth year that the County has
received this prestigious award. In order to be awarded a Certificate of
Achievement, the County published an easily readable and efficiently
organized comprehensive annual financial report. This report satisfied both
generally accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We
believe that our current comprehensive annual financial report continues to
meet the Certificate of Achievement Program's requirements and we are
submitting it to the GFOA to determine its eligibility for another
certificate.
In addition, the County also received the GFOA's Award for Distinguished
Budget Presentation for its 1990 annual appropriated budget dated December
11, 1989, for the seventh consecutive year. In order to qualify for the
Distinguished Budget Presentation Award, the County's budget document was
judged to be proficient in several categories including policy documentation,
financial planning and organization.
-20-
•
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 1990
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, 1990. 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.
Res ctfully submitt d,�,
Donald D. Warden, Director
Finance and Administration
DDW/ch
-21-
Certificate of
Achievement
for Excellence
in Financial
Reporting
presented to
County of Weld)
Colorado
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1989
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAM's) achieve the highest
standards in government accounting
and financial reporting.
w Slat R. Apuse,_
%
(Itiosnett) President
ti. A it a,zcsed
Executive Director
-22—
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Y
COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31, 1990
Board of County Commissioners
Gene R. Brantner
George Kennedy
Constance Harbert
C. W. Kirby
Gordon E. Lacy
County Treasurer
Francis M. Loustalet
County Clerk and Recorder
Mary Ann Feuerstein
County Assessor
Dick Kiernes
County Sheriff
Ed Jordan
County Coroner
Paul Stoddard
Director of Finance & Administration
Donald D. Warden
Comptroller
Claud Hanes
Independent Auditors
Deloitte & Touche
Certified Public Accountants
-24-
FINANCIAL
SECTION
117r4
Ink
COLORADO
Deloitte &
Touche
/\ 1560 Broadway ITT Telex:4995604
One Civic Center Plaza Facsimile:(303)830-2007
Denver,Colorado 80202-5151
Telephone:(303)837-3000
rNDEPENDENT AUDITORS' REPORT
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the accompanying general purpose financial statements of the
County of Weld, Colorado as of December 31, 199O, and for the year then ended,
listed in the foregoing table of contents. These general purpose financial
statements are the responsibility of the management of the County. Our
responsibility is to express an opinion on these general purpose financial
statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement. An audit includes examining, on
a test basis, evidence supporting the amounts and disclosures in the general
purpose financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion.
In our opinion, such general purpose financial statements present fairly, in
all material respects, the financial position of the County as of December 31,
199O, and the results of its operations and the cash flows of its proprietary
fund types and similar trust funds for the year then ended in conformity with
generally accepted accounting principles.
Our audit was conducted for the purpose of forming an opinion on the general
purpose financial statements taken as a whole. The combining and individual
fund and account group financial statements and schedules listed in the
foregoing table of contents, which are also the responsibility of the
management of the County, are presented for purposes of additional analysis
and are not a required part of the general purpose financial statements of the
County. Such additional information has been subjected to the auditing
procedures applied in our audit 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.
NBCeratCa t` r.
May 17, 1991 -25-
(ectier
COLORADO
-26-
:}A
:7.
,r
GE RAL PU t OSE
.,y
FINANCIA
V
TATEMEN S
40 ,frei
Elk
COLORADO
iscrte,
wi
COLORADO
I
COMFIT OF MELD
STATE OF COLORADO
COSINED BALANCE SBIIT - ALL POD TITUS AND ACCOUNT ODUFS
December 31, 1990
With Oamparative Actual Amounts as of December 31, 1989
OotieumoLl Fred Types -
Special Capital
ASSETS general Revenue Prniectm
AEiT6s
Cash and short-term investments E 4,127,859 i 8,329,043 $ 1,384,114
Investments. 0 0 0
Receivables (vet of allowance for uncollectlhles):
Current property tax 13,308,218 7,427,657 961,295
Delinquent property tax 424,856 237,896 14,138
Accounts 772,510 495,217 14,965
Special aesensment 583,669 210,867 0
Dos from other County funds 155,135 403,116 0
Due from other governmental units 136,471 958,258 0 --
Advances to other funds 200,000 75,000 0
Inventories 52,390 960,019 0
Other assets 23,638 82,886 0
Land 0 0 0
Buildings 0 0 0
Improvements other then buildings . 0 0 0
Machinery and equipment 0 0 0
Construction in progress O O O
Accumulated depreciation 0 0 0
Amount to be provided for retirement
of general long-term debt 0 0 0
TOTAL. ASSETS $ 19,384,746 E 19,179,959 $ 2,357,512
LIABILITIES, FUND EQUITY, AND OTHER CREDITS
LIABILITIES:
Accounts payable 6 262,121 8 402,466 f 3,756
Accrued liabilities 537,109 540,255 1,675
Due to other governante 656 247,200 0
Due to other County funds 194,153 388,683 2,068
Deferred revenue 14,220,191 7,962,935 964,138 _
Unexpended grant revenue 80,705 2,911,735 0
Other liabilities 0 80,165 0
Advencsa from other funds 75,000 0 340,856
Retainage payable 0 5,728 0
Notes payable 1,745,975 0 0
Long-taxa debt 0 0 0
Deferred compensation payable 0 0 0
Total Liabilities 17,115,910 12,539,167 1,312,493
MEER CREDITS:
Investments in general fixed assets 0 0 0
FLIED EQUITY:
Contributed capital 0 0 0
Retained earnings 0 0 0
FUND BALANCES:
Reserved 434,404 2,235,454 11,130
Unreserved:
Designated for future years, expenditures 97,152 1,915,000 690,000
Oadesignated 1,737,280 2,490,338 343,889
Total Fund Equity 2,268,836 6,640,792 1,045,019
TOTAL LIABILITIES, FUND EQUITY
AND Offfii CREDITS 8 19,38{,7±6 E 19.179.959 Liallti.U.
Bee Notes to Financial Statements
-28-
Proprietary fiduciary
Fund Type fund as, aaaame GrenP Memorandum Total
interior's, Internal Trust and General General Deuaaber 31 Denenter 31
Fund Service Agency Flmed Meets Long-Term Debt 1990 1989
6 396,986 8 3,019,672 8 4,792,683 8 0 6 0 6 22,050,357 6 20,865,560
O 0 29,551,334 0 0 28,551,334 25,437,590
O 587,616 0 0 0 22,267,786 21,422,117
O 19,643 0 0 0 695,533 252,928
141,390 112,343 474,599 0 0 1,611,014 1,134,769
O 0 0 0 0 794,536 914,708
10,297 129,519 41,505 0 0 739,572 2,027,624
O 0 0 0 0 1,094,729 2,399,979
O 0 140,856 0 0 415,856 2,041,867
O 93,327 0 0 0 1,105,736 820,217
O 161,937 79,109 0 0 367,570 348,345
O 674,245 498,542 3,040,338 0 4,213,125 4,210,125
O 2,601,726 1,285,597 19,036,325 0 22,923,648 22,776,768
O 214,599 0 393,290 0 607,689 581,083
391,279 14,253,157 0 3,966,610 0 18,631,046 17,016,560
- 0 0 0 422,260 0 422,260 57,417
(181,351) (9,203,112) (227,550) 0 0 (9,612,013) (8,733,440)
0 0 0 0 1,451,379 1,451,379 1,553,903
6 758,591 8 12,683,672 5 35,636,675 6 26,878,623 Lai 6118,331,357 8113,118,190
6 45,009 6 329,274 6 389,891 6 0 i 0 6 1,432,517 6 1,650,930
79,959 576,601 0 0 0 1,735,599 1,656,475
O 0 2,917,435 0 0 3,165,291 4,650,979
1,984 133,570 19,114 0 0 739,573 2,027,624
O 609,808 0 0 0 23,757,072 21,995,599
O 0 0 0 0 2,992,440 1,791,314
O 0 0 0 0 60,165 102,160
O 0 0 0 0 415,856 2,382,743
O 0 0 0 0 5,728 0
O 0 0 0 0 1,745,975 1,406,134
O 0 1,564,672 0 1,451,379 3,036,251 3,349,035
O 0 1,158,910 0 0 1,158,910 928,916
126,952 1,649,253 6,070,222 0 1,451,379 40,265,376 41,941,909
O 0 0 26,878,823 0 26,878,823 25,837,950
96,334 7,784,541 0 0 0 7,882,875 7,878,739
533,305 3,249,878 0 0 0 3,783,183 2,800,922
O 0 22,253,521 0 0 24,934,509 23,390,008
O 0 0 0 0 2,702,152 1,528,200
O 0 7,312,932 0 0 11,884,/39 11,762,762
631,639 11,034,419 29,566,653 0 0 51,187,158 47,368,631
6 758,591 6 12,683,672 6 35,636,675 } 26,878,823 L 1,151,379 6118,331,357 6115,118,490
-29-
1-
COUNTY OF MILD -
NATS OF OOLOBADO
DIMOND S'A'ID®f OF 1RYOOES, ffimI19A0, AND CMG= IN FUND BiUilC86
ALL GOUnIINNIIISAL FUND TOSS AND 91@BSDSBLX TROST FONDS
Fos The Year Ended Decasber 31, 1990
Governmental Fund Types
Special Capital
General ROVesna Pre]anta
InUES:
Taxes S 12,961,053 $ 8,445,809 S 853,102
Licenses And permits •
L443,219 154,075 0
Intergovernmental 1,794,082 32,692,432 1,685
Fier and forfeitures 66,941 0 0
Miscellaneous 3,737,231 378,653 69,132
Fees 2,221,244 0 0
Charges for services 913,393 1,188,808 0
Total Revenues 22,137,183 42,899,777 923,919
EXPENDITURES:
Current:
General government 8,112,753 0 0
Public safety 9,749,362 0 0 -
Public works 631,978 10,515,213 0
Public health and welfare 208,081 23,433,320 0
Culture and recreation 130,139 115,688 0
Economic assistance 54,467 8,228,669 0 --
Miscellaneous 484,775 26,506 0
Capital outlay 201,777 230,895 246,893
Debt service 485,929 0 0
Intargovernmrtal 0 741,208 0
Total Expenditures 20,059,261 43,289,299 246,893
EXCESS OF REVENUES OVER (UNDER)
EXPENDITURES 2,077,922 (389,522) 677,026
0Tffit FINANCING SOURCES (USES):
Operating transfers - in 0 2,220,031 430,000
Operating transfers - out (2,060,031) (1,228,334) 0
Total Other Financing Sources (Uses) (2,060,031) 991,697 430,000
=GUS or REVENUES AND OMER FINANCING
SOURCES OVER (UNDER) SXPamiTVREs
AND COMP FINANCING 0588 17,891 602,175 1,107,026
FUND •`LANCES AT BEGINNING OF YEAR 2,250,965 6,038,617 (62,007)
Residual Equity Transfers to Other Funds 0 0 0
FOND BALANCES AT END Q YEAR S 2.268,636 1S2 S 1.041.919
See Dotal to Financial Statements
-30-
Fiduciary
Fund Typos Mmecrandun Total
Expaypla Oarem6ar 31 Oeome4u! 11
Truer 1990 1989
6 108 f 22,300,072 8 21,192,869
O 597,294 608,224
O 34,4118,199 29,296,166
O 66,941 66,635
317,626 4,502,642 4,977,219
O 2,221,264 1,896,373
O 2,102,201 1,952,168
317,734 66,278,613 59,989,654
0 8,112,753 7,244,820
O 9,749,362 8,607,683
0 11,147,191 10,371,933
0 23,641,401 20,693,130
O 245,827 224,711
O 8,282,936 6,969,955
1,204,420 1,713,701 1,987,768
O 679,565 2,126,620
O 485,929 467,344
O 741,208 788,412
1,204,420 64,799,873 59,482,376
(886,686) 1,478,740 507,278
O 2,650,031 1,918,544
0 (3,288,365) (2,006,428)
O (638,334) (87,884)
(886,686) 840,406 419,394
2,129,264 10,356,819 10,067,321
O 0 (129,896)
•
1,242,578 11,197,225 5 10,356,819
-3 1-
COUNTY OF WILD
COMB= STATEMENT OF RIVWf6, aaENDIT01INI, AND CHAIM IN FUND BALM=
IUD= AND ACTUAL - ALL COVENBYAL FOND TYPES
Fos The Year NDOed December 31, 1990 _
General Special Revenue
Variance variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVARRe:
Tape 8 12,947,058 8 12,961,053 8 13,995 8 8,373,713 8 8,485,809 8 112,096
Licensee and permits 479,090 443,219 (35,871) 132,650 154,075 21,425
Intergovernmental 2,228,966 1,794,082 (434,884) 25,974,286 32,692,432 6,718,146
Fines and forfeitures 88,203 66,941 (21,262) 0 0 0
Miscellaneous 3,330,687 3,737,231 406,544 314,701 378,653 63,952
Fees 2,047,336 2,221,264 173,926 0 0 0
Charges for services 955,150 913,393 (11,757) a 3,iBe,808 an
Total Revenues 22,076,492 22,137,183 60,691 15,998,815 42,899,777 6,900,962
EXPENDITURES:
Currant:
General goverment 8,715,703 8,112,753 602,950 0 0 0
Public safety 10,385,915 9,749,362 636,553 0 0 0
Public works 685.675 631,978 53,697 14,960,326 10,515,213 4,445,113
Public health and welfare 240,686 208,081 32,605 16,390,693 23,433,320 (7,042,627)
Culture and recreation 71,535 130,139 (58,604) 115,688 115,688 0 —
Econemic assistance 75,000 54,467 20,533 7,228,211 8,228,469 (1,000,258)
Miscellaneous 546,452 484,775 61,677 394,566 24,506 370,060
Capital outlay 386,356 201,777 184,579 248,938 230,895 16,043
Debt service 361,065 485,929 (124,864) 0 0 0
Intergovernmental 0 0 0 746,860 741,208 5,652
Total Expenditures 21,468,387 20,059,261 1,409,126 40,085,282 43,289,299 (3,206,017)
EXCESS OF REVENUES OVER (UNDER)
M4PENDITUREB 608,105 2,077,922 1,469,817 (4,086,467) (389,522) 3,696,945
OTHER FINANCING SOURCES (USES):
Operating transfers - in 69,993 0 (69,993) 2,570,462 2,220,031 (350,431)
Operating transfers - out (2,088,304) (2,060,031) 28,273 (1,278,334) (1,228,334) 50,000
Total Other Financing
Sources (Uses) (2,018,311) (2,060,031) (41,720) 1,292,128 991,697 (300,431)
EXCESS OF REVENUES AND OTHER
FINANCING 80URCE8 OVER (UNDER)
EXPENDITURES AND OTHER
FINANCING USES (1,410,206) 17,891 1,428,097 (2,794,339) 602,175 3,396,514
FUND s"'^CE^ AT BEGINNING OF YEAR 2,250,945 2,250,945 0 6,038,617 6,038,617 0
FOND BALANCES AT END OF YEAR 8 840,739 8 2,268.836 8 1,428,097 $_ 3,244,278 8._61640,792 8 3,396,514
8es Notes to Flnmncial atafaests
-32-
Capital Projects Memorandum Totals
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ 856,000 $ 853,102 $ (2,898) $ 22,176,771 $ 22,299,964 $ 123,193
O 0 0 611,740 597,294 (14,446)
O 1,685 1,685 28,203,252 34,488,199 6,284,947
O 0 0 88,203 66,941 (21,262)
O 69,132 69,132 3,645,388 4,185,016 539,628
O 0 0 2,047,338 2,221,264 173,926
0 0 0 2,158,615 2,102,201 (56,414)
856,000 923,919 67,919 58,931,307 65,960,879 7,029,572
O 0 0 8,715,703 8,112,753 602,950
-- 0 0 0 10,385,915 9,749,362 636,553
O 0 0 15,646,001 11,147,191 4,498,810
O 0 0 16,631,379 23,641,401 (7,010,022)
O 0 0 187,223 245,827 (58,604)
O 0 0 7,303,211 8,282,936 (979,725)
O 0 0 941,018 509,281 431,737
1,276,000 246,893 1,029,107 1,911,294 679,565 1,231,729
_ 0 0 0 361,065 485,929 (124,864)
0 0 0 746,860 741,208 5,652
1,276,000 246,893 1,029,107 62,829,669 63,595,453 (765,784)
(420,000) 677,026 1,097,026 (3,898,362) 2,365,426 6,263,788
420,000 430,000 10,000 3,060,455 2,650,031 (410,424)
O 0 0 (3,366,638) (3,288,365) 78,273
420,000 430,000 10,000 (306,183) (638,334) (332,151)
O 1,107,026 1,107,026 (4,204,545) 1,727,092 5,931,637
(62,007) (62,007) 0 8,227,555 8,227,555 0
$ (62,007) $ 1,045,019 $ 1,107,026 $ 4,023,010 $ 9,954,647 $ 5,931,637
-33-
• CLOY! on MUD
STEIN OF CDLORAD0
COMBINED BINTmvr Or REVE", EXPENSES AM CMO'S IN RCM= MUMTOOS/FOND BALM= -
ALL PE0 RIBTMY FOLD TIP'S, mow= TRUST Ave NOsMMIDAs E TROST FONDS
For The Year Ended Deesoner 31, 1990
Proprietary FSGnetary
Mond Type Fa'S Type n e0sa00um Totals
bresepries Internal Peeel= Se0empen0e/le Demsaeer 11 December 31
Fond Service Trast 'rust Fe'S 1990 1990
OPERATING REVENUES:
Earnings on investments $ 0 $ 0 ; 1,424,272 $ 0 E 1,424,272 $ 3,270,594
Contributions 0 1,599,795 1,920,879 0 3,520,674 3,076,925
Charges for services 1,765,624 5,991,956 0 343,525 8,104,105 7,367,872
Total Operating Ssvenuse 1,766,624 7,591,751 3,345,151 343,525 13,049,051 13,715,391
OPERATION EXPENSES:
, Personnel services BO1,Sa6 1,413,497 0 0 2,215,083 2,097,499
Contractual services 74,484 2,371,796 0 2,182 2,448,462 2,275,858
Supplies 88,532 499,836 0 0 588,368 457,328 .
Repair and maintenance 62,341 395,967 0 0 458,704 373,710
Insurance and bonds 0 351,170 0 0 351,170 517,359
Claims 0 1,448,860 0 0 1,448,860 2,278,191
Benefit payments 0 0 965,072 0 965,072 864,493
Refunds 0 0 111,494 0 311,494 426,608
Other 694,919 227,696 0 0 922,615 684,689
Depreciation 67,014 1,474,370 0 105,'50 1,647,234 1,608,993
Administrative 0 0 163,166 a 163,166 138,057 Total Operating Operating Expenses 1,788,876 8,183,188 1,439,732 108,032 11,519,828 11,722,785
OPERATING INCOt0t (LOSS) (20,252) (391,437) 1,905,419 235,493 1,529,223 1,992,606
NCNOPERATING REVEi0D18 (EXPENSES): -
Taxes 0 602,471 0 0 602,471 582,254
Miscellaneous 15,378 52,373 0 341 68,092 101,209
Fees 0 750 0 0 750 928
Farm income 0 2,291 0 0 2,291 0
Gain (loss) on sale (12,302) 154,729 0 0 142,427 383,080
of assets
Interact expense 0 (41,739) 0 --(161,529) (183,26') (186,367)
Judgements and damages 0 173,665 0 0 173,665 770,750
Total Nonoperating
Revenues (Expenses) 3,076 944,540 0 (141,188) 806,428 1,653,854
OPICRATING TRANSFERS:
Operating transfers - in 0 750,458 0 0 750,458 129,025
Operating transfers - out 0 (112,124) 0 0 (112,124) (41,141)
Total Operating Transfers 0 638,734 0 0 638,334 87,884 _.
NET INCOME (LOSS) (17,176) 991,437 1,905,419 94,305 2,973,985 3,734,344
RETAIN= EARNINGS/POND BALANCES
AT BE MING OF YEAR 550,481 2,258,441 26,072,114 252,037 29,133,073 25,398,729
RETAINED EARNINGS/FUND BALANCES
AT END OF YEAR ; 533,305 ; 3,249,878 ; 27,977,533 ; 346,342 ; 32,107,058 29,173,073
See Notes to Financial Statements
-34-
COUNTY OW 9CA
ma ON GOLOPALO
COMBINED ts5rmmmT OF City FLOW
ALL PROPRIBTART POND TOWS AND 9ONEXIIDAD1i TRUST MD
Per the Year Faded Oecamber 31, 1990
Proprietary Pod Type NoarPeaaable lleaoraodea
Enterprise Internal trust Total
Pmp Service Peed 1990
CAM PLOWS PROM OPERATING ACTIVITIES:
Operating income (loss) S (20,252) 8 (591,437) $ 235,493 1--- —$611$6)
Adjustments to reconcile operating income (loss)
to not cash provided by operating activities:
Depreci
ation 67,014 1,474,370 105,850 1,647,234
Change 1A m erode a liabilities: 49,420
(Increase) decrease in accounts receivable 160,351 (110,931)
(Increase) decrease in inventory 0 (7,424) (3,424)
(Inermsse) decrease in other assets (4,998) 452,247 447,249
Increase (decrease) in accounts payable 40,662 30,491 71,153
Increase (decrease) in accrued liablltir 1,065 (46,857) 45,792
Increase (decrease) in other liabilities (10,007) (189,306) (199,313)
Total adjustments 245,007 1,606,590 105,85 1,966,527
Net cash provided by operating activltiee: 233,835 1,015,153 341,34 1,590,321
CASH PLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Interest paid on borrowings 0 (41,739) (136,789) (178,528)
Principal paid on long-term debt 0 0 (215,000) (215,000)
Property tax collections 0 602,471 0 602,471
-- Miscellaneous revenues (expenses) 1,294 169,438 0 190,732
Operating transfers-in (out) 0 638,334 0 638,334
set cash provided by (used for) noncapital
-. financing activities 1,294 1,388,504 (351,789) 1,038,009
CASH PLONK PROM CAPITAL AND RELATED FINANCING
ACTIVITIES:
Proceeds from sale of captial assets 0 182,652 0 182,652
- Acquisition of capital assets (85,115) (1,847,053) 0 (1,932,168)
Net cash used for capital and related
financing activities (85,115) (1,664,401) 0 (1,749,516)
CASH PLONK PROM INVESTING ACTIVITIES:
Interest on investments 14,084 51,918 341 66,343
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 164,098 791,174 (10,105) 945,167
CASH AND CASH EQOLVALENTS AT BEGINNING OF YEAR 232,888 2,228,498 243,874 2,705,260
CASH AND CASH EQUIVALENTS AT END 0y YEAR S 396,986 S 3,019,672 S 237,769 5 3,650,427
-35-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Note 1 - Summary of Significant Accounting Policies:
The County of Weld, Colorado ("County") was established in 1861,
and on January 1, 1976 became a home rule county under the
provisions of Section 30-35-501, CRS, 1973. The County operates
under an elected commissioner form of government. The County
provides the full range of services contemplated by statute or
charter. These include general government functions, public
protection and safety, health, social services, human resource
services, public improvements, road and bridge operations, planning
and zoning, and general administrative services.
The financial statements of the County have been prepared in
conformity with generally accepted accounting principles (GAAP) as
applied to governmental units. The following summary of
Significant accounting policies is presented to assist the reader
in evaluating the County's financial statements.
A. Reporting Entity:
The financial statements of the 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 operations, 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
Public Health Fund, a Special Revenue Fund.
-36-
- -
COUNTY OF WELD
- STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
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 plan,
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.
Weld County Finance Corporation -- The Weld County Finance
Corporation ("Corporation") was formed in 1987 as a not-
for-profit corporation under section 501(c) (4) of the
Internal Revenue Code, and exists solely to acquire real
estate and construct buildings for lease to the County
and others. The Board of County Commissioners appoints
the three-member Board of Directors of the Corporation,
and approves all projects undertaken by the Corporation.
The members of the Board of Directors are employees of
the County. The operations of the Corporation are
reported as a Nonexpendable 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 members of
the Normedco Board of Directors. Normedco is 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 lI of the
total NCMC revenues for 1990). 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.
-37-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Weld Library District -- The County Commissioners, together
with the concurrence of the city councils of seven
participating municipalities, appoint the seven-member Library
District Board. The Library District Board has total autonomy
under the State Library Act to incur debt, establish budgets,
and levy property taxes to support the District's library
system.
B. 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. The
various funds are grouped into six generic fund types under three
broad fund categories, as follows:
Governmental Fund Types:
All governmental funds and expendable trust funds are
accounted for using a current financial resources measurement
focus. Under this measurement focus, only current assets and
current liabilities are generally included in the balance
sheets. The 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, these funds 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.
-38-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
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.
Proprietary Fund Types:
All proprietary funds are accounted for on a flow of economic
resources measurement focus. This means that all assets and
all liabilities (whether current or non-current) associated
with the fund's activity are included on the balance sheet.
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.
Enterprise Fund:
Enterprise Funds are used to account for operations where
the intent of the County is that the costs or services to
the general public on a continuing basis be financed or
recovered primarily through user charges.
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, nonexpendable trust, pension trust and
agency funds. Expendable trust funds are accounted for in
essentially the same manner as governmental funds.
Nonexpendable trust funds and pension trust funds are
accounted for in essentially the same manner as proprietary
funds. Agency funds are purely custodial (assets equal
liabilities) and thus do not involve measurement of results of
operations.
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, as follows:
-39-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
General Fixed Assets Account Group:
Fixed assets used in governmental fund type operations
are accounted for in the General Fixed Assets Account
Group.
General Long-Term Debt Account Group:
The General Long-Term Debt Account Group is used to
account for all long term indebtedness not accounted for
in the proprietary fund types.
C. Basis of Accounting:
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.
"Measurable" means the amount of the transaction can be determined
and "Available" means collectible within the current period or soon
enough thereafter to pay liabilities of the current period.
Primary revenues susceptible to accrual are taxes, grant revenues
and investment earnings. Property tax is reported as deferred -
revenue (less estimated uncollectible amounts) in the year the levy
is certified and as a revenue when available to finance the
County's current operations. Other taxes are also reported as
revenue when available. 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 are
recorded when payable from current available financial resources.
Proprietary funds and pension trust funds follow the accrual basis
of accounting whereby revenue is recognized when earned and
expenses are recorded when liabilities are incurred.
Encumbrances:
Weld County utilizes the encumbrance method of recording
commitments related to unperformed contracts for goods and
services or portions thereof not yet received. Under this
method, encumbrances for purchase orders, contracts, and other
commitments outstanding at year end are recorded as a
reservation of fund balance and do not constitute expenditures
or liabilities. Because the commitments will be honored
during the subsequent year a reappropriation is made in the
subsequent year to provide authority to complete the
transaction.
-40-
f
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
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 funds.
Budgets are established for all Governmental and Internal
Service Fund types, and for the Weld County Retirement Fund.
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 1990,
two supplemental appropriation ordinances were enacted, which
brought the total budget from the original appropriation of
$56,885,664 to $57,925,720. Budget amounts reported in the
accompanying financial statements reflect 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 February
_ 28 and July 31, or in full on April 30. The County, through
the Weld County Treasurer, bills and collects its own property
taxes as well as property taxes for all school districts,
cities and towns and special districts located within the
County. In accordance with Section 14-7 of the Weld County
Home Rule Charter, all ad valorem tax levies for County
purposes, when applied to the total valuation for assessment
of the County, shall be reduced so as to prohibit the levying
of a greater amount of tax revenue than was levied from ad
valorem taxation in the preceding year plus five per cent
(52), except to provide for the payment of bonds and interest.
. The Board of County Commissioners may submit the question of
an increased levy to the County Council and, if in the opinion
of a majority of the County Council the County is in need of
additional funds, the Council may grant an increased levy for
the County in such amount as it deems appropriate, and the
County is authorized to make such increased levy.
-41-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
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, 1990 levies for the applicable funds
of the County are as follows:
Levy
Mills Amount
General Fund 12.620 $ 12,857,787
Road and Bridge Fund 3.396 3,459,879
Social Services Fund 2.556 2,603,834
Contingent Fund .982 1,000,000
Capital Expenditures Fund .785 800,000
Insurance Fund .553 563,483
TOTAL 20.892 $ 21.284.983
Investments:
Investments are stated at cost or amortized cost subject to
adjustment for market declines judged to be other than
temporary, except investments of the deferred compensation
fund which are stated at market value.
Inventories:
Inventories of governmental funds, which consist of expendable
materials held for consumption, are stated at cost. These
funds follow the consumption method of accounting whereby
expenditures are recorded at the time the inventory items are
used.
Inventories of proprietary funds are recorded at the lower of
average cost or market.
Short-term Interfund Receivables/Payables:
Interfund transactions resulting from reimbursements,
operating transfers, and charges for services rendered, are
recorded as due to or due from other County funds.
-42-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Advance to Other Funds:
Noncurrent portions of long-term interfund loans receivable
(reported in "Advance" 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.
Interfund Transactions:
Quasi-external transactions are accounted for as revenues,
expenditures or expenses. Transactions that constitute
reimbursements to a fund for expenditures/expenses initially
made from it that are properly applicable to another fund, are
recorded as expenditures/expenses in the reimbursing fund and
as reductions of expenditures/expenses in the fund that is
reimbursed.
All other interfund transactions, except quasi-external
transactions and reimbursements, are reported as transfers.
Nonrecurring or nonroutine permanent transfers of equity are
reported as residual equity transfers. All other interfund
transfers are reported as operating transfers.
Fixed Assets:
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 is provided on general fixed assets.
_ 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 market
value on the date donated.
Depreciation of all exhaustible fixed assets used by Internal
Service Funds and Enterprise Funds is charged as an expense
against the operations. Accumulated depreciation is reported
on the related balance sheets. Depreciation is provided using
the straight-line method over the estimated useful lives, as
follows:
Buildings 20-30 years
Improvements Other Than
Buildings 20 years
Machinery and Equipment 3-10 years
-43-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Risk Management and Insurance:
The County manages risks of loss through a combination of
commercial insurance, participation in a public entity risk
pool, and self-insurance. These activities are accounted for
in the Insurance Fund, an internal service fund.
The County provides certain health insurance benefits to
employees, which are funded by a combination of County and
employee contributions. These activities are accounted for in
the Health Insurance Fund, an internal service fund. Prior to
1990, the Health Insurance Fund was reported as an agency
fund. Beginning fund balances and prior-year memorandum
totals have been revised to conform with the 1990 presentation
as an internal service fund.
Estimated liabilities for claims incurred but not reported are
included in accrued liabilites.
Sick-leave and Vacation Pay:
Accrued vacation and sick leave for the governmental funds are
accounted for in the General Long-Term Debt Account Group.
Sick-leave is earned when vested, and it is 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 50Z of accumulated sick-
leave hours up to the equivalent of one month. At December
31, 1990, the liability for accumulated sick-leave
approximated $510, 710.
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, 1990, the
liability for accumulated vacation approximated $486, 194.
Vacation is recorded as an expenditure in the applicable
governmental-type fund when paid.
Vacation and sick-leave are accrued in the proprietary fund
types when earned.
Long-term Obligations:
Long-term debt is recognized as a liability of a governmental
fund when due. For other long-term obligations, only that
portion expected to be financed from expendable available
financial resources is reported as a fund liability of a
governmental fund. The remaining portion of such obligations
is reported in the general long-term debt account group.
Long-term liabilities expected to be financed from proprietary
fund operations are accounted for in those funds.
-44-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Fund Equity:
Contributed capital is recorded in proprietary funds that have
received capital grants or contributions from developers,
customers or other funds. Reserves represent those portions
of fund equity not appropriable for expenditure or legally
segregated for a specific future use. Designated fund
balances represent tentative plans for future use of financial
resources.
Reserves for the County of Weld are recorded at the maximum
equity available and consist of:
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. The
reserves recorded at December 31, 1990 include $158,376
and $1, 117,549 for the General Fund and Special Revenue
Funds, respectively, for a total of $1,275,925.
Reserve for Other Assets:
These reserves are established to record all prepaid
items. Recorded reserves at December 31, 1990 are
$23,638 and $82,886 for the General Fund and Special
Revenue Funds, respectively, for a total of $106,524.
Reserve for Inventories:
These reserves are established to record the total level
of inventories. The General Fund and Special Revenue
Funds have respective amounts at December 31, 1990 of
$52,390 and $960,019, respectively, for a total of
$1,012,409.
Reserve for Employee Benefits:
These reserves are established to record the pension
benefit obligation of the Weld County Retirement Plan.
The amount of this reserve is $22,253,521 at December 31,
1990.
Reserve for Advances:
These reserves are established to record a temporary loan
of cash flow. The amounts recorded in the General Fund
and Special Revenue Funds at December 31, 1990 are
$200,000 and $75,000, respectively, for a total of
$275,000.
-45-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Designated Fund Balance:
Fund balance designated for subsequent years' expenditures
represents fund balance commitments for appropriated —
expenditures in excess of anticipated revenue for the year
ended December 31, 1990.
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 $4.00 per hour.
Certain volunteer labor is recorded at higher rates based upon
the individual's professional experience. Volunteer mileage
is recorded at 20¢ per mile. Donated food, clothing, and
other goods are recognized as contributed revenue at fair
market value. An offsetting in-kind expenditure is also
recorded for the value of the donated goods and services.
Memorandum Only - Total Columns:
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
cash flows 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.
Comparative Data:
Comparative total data for the prior year have been presented
in the accompanying financial statements in order to provide
an understanding of changes in the County's financial position
and operations. However, comparative data have not been
presented in all statements because their inclusion would make
certain statements unduly complex and difficult to understand.
Certain prior-year amounts have been reclassified to conform
with the 1990 presentation.
Note 2 - Equity in Pooled Cash and Investments:
The County maintains a cash and investment pool that is available
for use by all funds. Each fund's share is displayed on the
balance sheets as "Cash and short-term investments". Several of
the County's funds also hold investments on their own account.
Substantially all cash and investments of the Pension Trust Fund
are held separately from those of the other County funds.
-46-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Cash and Short-Term Investments:
Cash and short-term investments consists of the following at
December 31, 1990:
Deposits with Financial Institutions $ 8,682,985
Short-term investments 11,323,312
Food Stamps 1,900,465
Other 143,595
Total
Deposits with financial institutions totalling $2,300,000 were
covered by Federal deposit insurance and the remainder was
collateralized with securities held by the pledging financial
institutions' 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. Repurchase agreements were
held during 1990, but the County did not hold any such
investments at December 31, 1990. The Pension Trust Fund is
also authorized to invest in common stock, corporate bonds and
mortgages.
The County's investments are categorized to give an indication
of the level of risk assumed 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 by the counter
party's agent in the County's name. Category 3 includes
uninsured and unregistered investments, with securities held
by a counterparty and not in the County's name. At December
31, 1990, all of the County's investments were held in the
Pension Trust Fund or in the Deferred Compensation Fund.
Investments of the Pension Trust Fund were as follows:
-47-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Category Category Category Carrying llmtkmt _.
1 2 3 ant Value
Corporate Bonds $13,469,789 $13.469,789 $13,532,487
$ 485,50$ 485,508 485,508
Trust ye 3,146 3,146 3,146
Mortgages
Treasury 3,164,665 3,365,618
Obligations 3,164,665 10.269,316 10,272,944
Common Stock 10.269,316
Total $16.903.770 488.654 Liam= $27,392,421 $27.659,703
Investments of the Deferred Compensation Fund at December 31,
1990 totaled $1,158,910 at market value. Investments of this
fund consist of mutual funds which are not subject to risk
categorization because they are not evidenced by securities in
physical form.
Note 3 - Allowance for Uncollectible Accounts Receivable:
The allowance for uncollectible receivables consists of the
following at December 31, 1990:
Allowance for
Fund Type Uncollectibles
General $ 182,779
Special Revenue 107,162
Capital Projects 5,404
Enterprise 437,128
Internal Service 8,347
Trust and Agency 706
TOTAL $
-48-
-_ - 1
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Note 4 - Individual Fund Interfund Receivable and Payable Balances and
Advances:
Interfund receivable and payable balances at December 31, 1990 are
as follows:
Interfund Interfund
Receivables Payables
General Fund $ 155,135 $ 194,153
Special Revenue Funds:
Road and Bridge Fund 169,648 74,631
Social Services Fund 218,020 24,388
Conservation Trust Fund -0- 28,273
Public Health Fund 15,166 2,380
Human Resources Fund -0- 231,921
Solid Waste Fund -0- 24,993
Housing Authority Fund 282 2,097
Capital Projects Fund -0- 2,068
Enterprise Fund:
Ambulance 10,297 1,984
Internal Service Funds:
Motor Vehicle Fund 89,619 1. 129
Health Insurance Fund -0- 40,524
Printing and Supply Fund -0- 80,089
Computer Services Fund -0- 1,526
Insurance Fund 6,014 10,296
PBX Fund 33,886 6
Trust and Agency Funds:
Employee Flexible Spending -0- 18,781
Payroll Agency Fund 41.505 333
TOTAL 1..imaia
-49-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Advances from and to other funds at December 31, 1990 are as
follows:
Advance Advance
From To
General Fund $ 75,000 $ 200,000
Special Revenue Funds -
Solid Waste Fund -0- 75,000
Capital Projects Fund 340,856 -0-
Nonexpendable Trust -0- 140,856
Total $ 415.856 $ 415.856
Note 5 - General Fixed Assets:
A summary of changes in general fixed assets follows:
Balance Balance
1/1/90 Additions Deletions 12131/90
Land $ 3,040,338 $ -0- $ -0- $ 3,040,338
Improvements other than buildings 363,030 30,260 -0- 393,290
Buildings 18,819,772 216,553 -0- 19,036,325
Machinery and
equipment 3,557,393 544,893 115,678 3,986,610
Construction-in-
Progress 57,417 364,843 -0- 422,260
Total 25,837i950 $1.156,551 { 115,678 {26,878,823
Construction in progress consists of one project scheduled to be
completed in 1992. The County's remaining commitment to complete
the project is approximately $725,000.
-50-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Note 6 - Long-Term Debt:
Long-term debt consists of the following at December 31, 1990:
Nonexpendable Trust Fund:
Certificates of participation $1,620,000
Less unaccreted discount 35, 128
Certificates of participation - net 1,584,872
General Long-Term Debt Account Group:
Special assessment bonds payable 400,000
Sick-leave and vacation accruals 996,904
Capital lease obligation 54,475
Total 1,451,379
MEMORANDUM TOTAL $3.036.251
Certificates of participation represent debt of the Weld County
Finance Corporation and are not general obligations of the County.
The certificates were issued in 1987 and 1988 to finance the
construction of buildings leased to the County and other local
governmental units. The certificates bear interest at rates
ranging from 5.4% to 7.3% per annum and mature during 1990 to 1998.
Special assessment bonds payable were issued to finance road
construction and are to be repaid from special assessments of
property owners. The bonds bear interest at rates ranging from
8.5% to 10.5% per annum and mature in annual installments of
$100,000 during 1990 to 1994. The County pays bond principal and
interest installments one year in advance of reimbursement of such
amounts by property owners. These bonds are not general
obligations of the County.
Future debt service requirements for the certificates of
participation and special assessment bonds payable are detailed as
follows:
-51=
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Principal Requirement Interest Requitement
Certificates Certificates Total Annual
of Par- Special Total of Par- Special Total Debt Service
Tear tioipation Assessment Principal titivation Assessment Interest Requirement
1991 ; 240,000 $ 100,000 ; 340,000 ; 111,665 ; 35,625 ; 147,290 ; 487,290
1992 160,000 100,000 260,000 96,215 25,750 121,965 381,965
1993 170,000 100,000 270,000 85,815 15,625 101,440 171,440
1994 180,000 100,000 280,000 73,340 5,250 78,590 358,590
1995 195,000 195,000 61,920 61,920 256,920
1996 210,000 210,000 48,270 48,270 258,270
1997 225.000 225.000 33,360 33,360 258,360
1998 240,000 240,000 17,520 17,520 257,520
TOTAL $1.620,000 ; 400,000 ;2,020.000 t 528,105 3 _ 82,250 ; 610 355 ;2,630.355
Long-term debt transactions during 1990 are summarized as follows:
Certificates Special Capital Vacation
of Assessment Lease i Sick
Participation Bonds Obligation Leave Total
Balance,
January 1, 1990 ;1,795,132 $ 500.000 ; 91,544 ; 962,359 ;3.349,035
Batired in 1990 (215,000) (100,000) (37,069) (352,069)
Discount accretion 4,740 4,740
Additions in 1990 34,545 34,545
Balance,
December 31, 1990 ;1,584,872 ; .400,000 k_ 54,475 ; 996,904 ;3,036.251
Weld County has no general bonded indebtedness. In accordance with
Section 30-35-201, CRS, 1973, the County's general bonded
indebtedness is limited to 3% of the assessed valuation, or
$30,328,823 at December 31. 1990.
Note 7 - Other Required Individual Fund Disclosures:
Excesses of expenditures over appropriations in individual fund
"departments" are as follows:
Revised Over-
Appropriation Expenditures Expenditure
Special Revenue Funds:
Social Services $14,516,748 $21,635,407 $(7, 118,659)
Human Resources 5,738,294 6,860,963 (1,122,669)
-52-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
The overage for the Social Services Fund was caused by program
increases. Actual revenues for this fund exceeded the budgeted
amount by $7,058.395.
The overage for the Human Resources Fund was caused by program
increases. Actual revenues for this fund exceeded the budgeted
amounts by $1.201.407.
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 8 - Weld County Retirement Plan:
The Weld County Retirement Plan ("Plan") is a single employer,
trusteed, defined benefit pension plan. All full time employees
(except officers and employees of any Federally-funded programs) are
required to participate in the Plan. At December 31, 1990 the
number of participating employees was 876, and the membership
consisted of:
Retirees and beneficiaries currently
receiving benefits and terminated
employees entitled to benefits but
not yet receiving them 218
Current Employees:
Vested 243
Nonvested 415
TOTAL 8®
-53-
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
The Plan, established in 1969, provides for pension, death, and
disability benefits. All participants are fully vested after eight -
years of service, except elected officials, who are fully vested
regardless of years of service. The Plan is funded by employee
contributions of 6% of their salaries, equal matching contributions
by the County and earnings from investments. The contributions are
used in determining the value of net assets available for benefits.
Contributions during 1990 by both the County and the employees
totalled $1,920,878. Total covered payroll for year ended December
31, 1990 was $15,996,924. Total payroll for all employees for year
ended December 31, 1990 was $20,411,276.
The Plan utilizes 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 cost or amortized cost subject to
adjustment for market declines judged to be other than temporary.
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, 1990. Significant 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) Projected salary increases at various rates depending on attained
age ranging from 7.5% for age 25 to 5.0% for age 64.
-54-
II
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
At January 1, 1990 there are net assets in excess of the pension
benefit obligation as follows:
Pension Benefit Obligation:
Retirees and beneficiaries
Currently receiving benefits $ 8,449,641
Terminated vested employees
not yet receiving benefits 290,465
Current Employees:
Accumulated employee contributions,
including allocated investment
income 5,898,751
Employer-financed vested 1,985,290
Employer-financed nonvested 5,629,374
Total pension benefit obligation 22,253,521
Net Assets Available for Benefits
(at cost, market value of $26,430,451) 26,072, 114
Net assets in Excess of Pension
Benefit Obligation 1.140.6221
Actuarial Cost Method:
Under the actuarial cost method used, an actuarial surplus
(deficit) is computed as the excess of the sum of assets of the
plan and the present value of projected scheduled County and
employee contributions, over the present value of projected
plan benefits.
An actuarial surplus (deficit) is the net result of the actual
experience of the Plan since inception and the anticipated
future experience based upon actuarial assumptions. A surplus
results from actual experience more favorable than assumed,
whereas a deficit results from actual experience less favorable
than assumed.
Experience gains or losses, i.e. , decreases or increases in
liabilities attributable to deviations in experience from the
actuarial assumptions, are spread into the future, increasing
or decreasing the actuarial surplus for future years.
—55—
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
The term present value refers to the current worth (on the
valuation date) of an amount or series of amounts payable or
receivable in the future. The actuarial present value is
determined by discounting the future payments at a
predetermined rate of interest, taking into account the
probability of payment.
Three-year historical trend information:
Net assets available for benefits expressed as a percentage of
the pension benefit obligation at January 1, 1988, 1989 and
1990, were 111.9, 111.2 and 117.2 percent respectively. Net
assets in excess of the pension benefit obligation (as of the
beginning of the year) expressed as a percentage of annual
covered payroll for the years ended December 31, 1988, 1989 and
1990 were 14.9, 15.2 and 23.9 percent, respectively. The
County's contributions to the Plan were 6% of covered payroll
in each of the years ended December 31, 1988, 1989 and 1990.
Such contributions were determined based on the specific
provisions of the Plan and exceeded actuarially determined
requirements.
Required supplementary ten-year historical trend information -
unaudited:
Ten-year historical trend information designed to provide
information about the Plan's progress in accumulating
sufficient assets to pay benefits when due is presented in the
statistical section of this report.
Note 9 - 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 established the
Deferred Compensation Plan of the County of Weld. The Deferred
Compensation Plan is a special voluntary benefit plan for public
employees, in which a portion of the employee's salary can be
deferred until future years. Up to 25% of the employee's gross
income can be deferred, not to exceed 57,500 annually. Compensation
deferred by a participant under the plan and earnings on deferred
amounts must remain solely the property of the 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. Investments are
recorded at market value.
-56-
7 -
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1990
Note 10 - 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.
Effective July 1, 1986, the County joined Colorado Counties,
Incorporated's Casualty and Property Pool which covers all casualty
and property claims with a $500 deductible for first party property
claims. Worker's compensation remains self-insured with a $200,040
per occurrence and $250,000 aggregate annual stop loss limit.
Private insurers 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 Department of Labor,
Community Services Administration, Department of Health and Human
Services, Department of Housing and Urban Development, Economic
Development Agency, 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.
Note 11 - Public Trustee
Pursuant to House Bill 1003, a revision to CRS 29-1-602, the Weld
County Public Trustee is to be deemed an agency of the County
commencing January 1, 1990 for the purpose of financial reporting.
Related activity has been reported in the General Agency Fund, with
the following activity identified strictly for the office of the
Public Trustee.
Balance Balance
1/1/90 Additions Deletions 12/31/90
Assets S -0- $2,061,191 $1,980,289 $ 81, 702
Liabilities -0- 2,061,191 1,980,289 81,702
-57-
ink
COLORADO
-sa-
COMBI I NG STA MENTS,
INDI DUAL FUN AND
A OUNT G ` • UP
ATEMEN S,
A SCHED ES
flott
COLORADO
is
I
t
G NERAL F D
The General accounts for all financial • sactions of the County
that are not prop y accounted for in other fund Ordinary operations of
the County such a blic safety, county administr in and other activities
financed from tax •d general revanues are refle in this fund.
ja
41
..0.4 It
k'1i
COONTf OF MO
STAR OF C01AAA00
OINmDIL rum
SALMI SEM
December 31, 1990
With Comparative Actual Amounts as of Deoember 31, 1969
1990 1989
ASSETS
ASSETS:
Cash and short-tan investments 9 4,127,859 $ 2,276,513
Receivables (net of allowance for uncollectibles):
Current property tax 13,308,218 12,760,205
-- Delinquent property tax 424,856 154,377
Accounts 372,510 240,668
Special assessment 583,669 685,734
Des from other County funds 155,135 330,565
Due from other governmental units 136,471 517,790
Advances to other funds 200,000 1,826,031
Inventories 52,390 46,085
Other assets 23,638 7,955
TOTAL A88ET5 $ 19,384,746 S 18,845,923
LIABILITIES AND FUND BALANCE
LIABILITIES:
Accounts payable $ 262,121 $ 280,017
Accrued liabilities 537,109 486,542
Due to other governments 656 0
Des to other County funds 194,153 709,022
Deferred revenue 14,220,191 13,520,845
Unexpended grant revenue 80,705 117,418
Advances from other funds 75,000 75,000
Notes payable 1,745,975 1,406,134
Total Liabilities 17,115,910 16,594,978
BUID BALANCE:'
Reserve for encumbrances 158,376 44,831
Reserve for advances to other funds 200,000 1,826,031
Reserve for other assets 23,638 7,955
Reserve for inventories 52,390 46,085
Unreserved:
Designated for future years, expenditures 97,152 295,000
Undesignated 1,737,280 31,043
Total Fund Balance 2,268,836 2,250,945
TOTAL LIABILITIES AND FUND BALANCE S 19,384,746 ( 16,845,923
-59-
COUNTY OF WILD
OUTS OF COLORADO
GENERAL FUND
Schedule of Revenues and Expenditures, Budget and Actual
For The Year Tided December 31, 1990
With Comparative Actual AennnG far the Year Ended December 31, 1989
1990 1990 1990 1989 -
Budget Actual Variance Actual
REVEIOEB:
=Els
General property tax. 8 12,815,561 B 12,797,810 B (17,751) B 12,620,365
Severance tax 14,252 14,253 1 15,841
Tobacco Products 67,500 74,216 6,716 77,781
Penalties i interest 0 44,883 44,883 50,390
Payment in lieu of taxes 49,745 29,891 (19,854) 29,891
Total Taxes 12,947,058 12,961,053 13,995 12,796,268
LICENSES AND PERMITS:
Liquor licenses 5,000 4,019 (981) 7,519
Plow permits 940 940 0 222
Planning permits 129,150 103,598 (25,552) 83,852 --
Building permits 270,000 262,237 (7,763) 246,162
Electrical waits 74,000 72,423 (1,575) 71,815
Total Licenses and Permits 479,090 443,219 (35,871) 409,570 - -
I1PffiEOVERNICH TAL:
Contract Payments 160,000 140,146 (19,856) 123,960
Grant 1,910,066 1,516,426 (393,642) 1,556,]78
District Attorney 38,000 38,000 0 ]8,000
Veterans Office 600 500 (100) 700
Cities i Towns 116,000 99,014 (16,986) 83,070
Federal Shared Revenue 4,300 p
(4,300) 0
Total Intergovernmental 2,228,966 1,794,082 (434,884) 1,804,088
CHARGES FOR SERVICES:
Plan checking fess 20,000 19,990 (10) 12,410
Hooks 10,500 10,003 (497) 9,936
Charges for services 806,100 761,267 (44,833) 681,735
Sale of supplies 5,000 6,927 1,927 7,623
City contracts 90,400 97,500 7,100 89,363
Parking 12,550 11,938 (612) 12,725
Refuse disposal 600 639 39 640
Weed spraying 10,000 5,129 (4,871) 15,231
Total Charges for Services 955,150 913,393 (41,757) 829,663
FINES AND PORECURES:
Victim witness surcharge 2.51 19,543 20,999 1,456 11,692
Property forfeitures/evidence 21,660 20,382 (1,278) 13,105 -
Fines (drunk drivers) 47,000 25,560 (21,440) 41,838
Total Fines and Forfeitures 88,203 66,941 (21,262) 66,635
(Continued on Next Page)
-60-
I
CDUNTT OF WELD
STATE OF COLORADO
GENERAL FUND
Schedule of Revenues and Expenditures, Budget and Actual
For the Year Ended December 31, 1990
With Comparative Actual Amounts for the Year Ended December 31, 1989
1990 1990 1990 1989
Budget Actual Variance Actual
REVENUES (CONTINUED):
MISCELLANEOUS:
Miscellaneous $ 22,000 f 6,221 $ (15,779) $ 7,051
Earnings on deposits 1,790,029 1,979,972 189,943 1,929,781
Building leases 241,460 238,455 (3,005) 233,803
Rents from land 0 4,250 4,250 0
Royalties 295,000 300,554 5,554 220,721
Special assessments 800,683 945,232 144,549 1,021,141
Other 89,250 181,541 92,291 97,969
Contributions O 4,624 4,624 3,514
In kind 75,626 75,549 (77) 73,300
Sale of assets 16,639 833 (15,806) 8,108
Total Miscellaneous 3,330,687 3,737,231 406,544 3,595,388
FEES:
Sheriff's fees 106,838 102,949 (3,889) 108,044
DUI fees 114,000 117,344 3,344 97,850
Bond application fee 10,200 10,000 (200) 127
Clerk 6 Recorder fees 1,180,000 1,307,764 127,764 1,066,820
Treasurer's fees 503,000 491,901 (11,099) 557,359
Advertising 40,800 41,371 571 33,350
Assessor's fees 74,000 127,380 53,380 22,109
Surveyor fees 0 0 0 1,200
Bad check fees 13,000 14,227 1,227 0
Investigation fees 5,500 8,328 2,828 9,514
Total Fees 2,047,338 2,221,264 173,926 1,896,373
TOTAL REVENUES 22,076,492 22,137,183 60,691 21,395,985
EXPENDITURES:
GENERAL GOVERNMENT:
Office of the Board 266,633 263,791 2,842 248,650
County Attorney 412,805 383,061 29,744 365,134
Public Trustee 4,000 3,260 740 3,316
Planning and zoning 285,045 261,253 23,792 255,754
Clerk to the Board 62,397 35,479 26,918 0
County Clerk 1,091,067 1,015,393 75,674 1,005,863
Elections and registration 440,594 405,840 34,754 118,626
County Treasurer 512,130 480,053 32,077 456,577
County Assessor 1,546,611 1,488,061 58,550 1,322,601
County Surveyor 0 0 0 432
Maintenance of buildings/groun 1,524,079 1,371,124 152,955 1,219,254
County Council 19,478 9,621 9,857 8,574
District Attorney 1,408,877 1,353,040 55,837 1,203,750
Juvenile Diversion Grant 107,461 104,650 2,811 107,142
Victim Assistance 107,400 105,987 1,413 78,070
Pao - Diversion 61,390 53,891 7,499 56,053
Financial administration 161,862 147,083 14,779 138,941
General accounting 367,590 356,723 10,867 341,947
Purchasing 124,784 117,545 7,239 117,138
Personnel 211,500 156,898 54,602 196,998
Total General Government 8,715,703 8,112,753 602,950 7,244,820
(Continued on Next Page)
-61-
COUNTY OF WELD
MATE OF COLORADO
GENERAL FUND
Schedule of Revenues and Expenditures, Budget and Actual
For The Year Ended December 31, 1990
With Comparative Actual Amounts for the Year Ended December 31, 1989
1990 1990 1990 1989
Budget Actual Variance Actual
EXPENDITURES (CONTINUED): -
PUBLIC SAFETY:
Sheriff administration f 1,518,892 $ 1,476,326 $ 42,566 t 1,270,053
Crime control and investigation 2,177,661 2,178,909 (1,248) 1,992,870
Clerk to the Hoard
108,995 8,426 100,569 0
Regional -
Aagimnal Foranaic Laboratory 69,404 64,999 6,405 59,656
876,266 882,908 (6,642) 859,969
Communications Services 550
Communication system development 10,745 1,444 9,301
E-911 administration 700 179 521 865
71,250 65,657 5,593 48,360
County Coroner Correctional 2,915,019 2,856,355 58,664 2,590,072
administration
Community correction 1,740,000 1,757,729 382,271 979,278
Delinquents 6 other institutions 188,721 182,367 6,354 168,676
Public service DUI 162,799 158,786 4,013 138,064
Building inspection 265,849 264,611 1,238 245,833
Office of Emergency Management 41,394 38,921 2,473 38,287
Anita water management
6,354 6,354 0 6,354
Animal control 77,327 65,439 11,888 68,040
Peet/weed control 154,539 139,952 14,587 140,756
Total Public Safety 10,385,915 9,749,362 636,553 8,607,683
PUBLIC MORNS:
General engineering 375,707 360,512 15,195 325,513
Extension service 206,913 203,268 3,645 177,667
Veterans office 53,055 43,198 9,857 50,585
Airport
50,000 25,000 25,000 16,824
Total Public Works 685,675 631,978 53,697 570,589 -
PUBLIC HEALTH AND WELFARE:
Mental health 116,931 111,926 5,005 120,950
Developmentally disabled 113,255 85,655 27,600 71,105
Seniors programs
10,500 10,500 0 10,500
Total Public Health and Welfare 240,686 208,081 32,605 202,555
CULTURE AND RECREATION:
Missile site park 23,176 16,636 6,540 (505)
County fair 48,359 113,503 (65,144) 95,612
Total Culture and Recreation
71,535 130,139 (58,604) 95,107 -
ECONOMIC ASSISTANCE:
Community development 75,000 54,467 20,533 208,611
(Continued on Next Page)
-62-
COUNTY OF WEIR
STATE OF COLORADO
GENERAL FUND
Schedule of Revenues and Expenditures, Budget and Actual
For The Year Ended December 31, 1990
With Comparative Actual Amounts for the Year Ended December 31, 1909
1990 1990 1990 1989
Budget Actual variance Actual
EXPENDITURES (CONTINUED):
MISCELLANEOUS:
Crime control and invest $ 19,319 $ 18,221 $ 1,090 $ 0
Correctional administration 3,469 0 3,469 0
Tax anticipation notes 10,000 10,000 0 9,925
Other 293,664 236,554 57,110 323,229
IRB building rents 220,000 220,000 0 210,000
Total Miscellaneous 546,452 484,775 61,677 543,154
CAPITAL OUTLAY:
Equipment 193,758 153,872 39,886 70,260
_ Sheriff administration 3,200 0 3,200 14,582
Crime control and investigation 0 0 0 13,500
Regional Forensic Laboratory 4,500 3,005 1,495 8,450
Communication system development 153,034 10,421 142,613 31,708
Correctional administration 31,864 34,479 (2,615) 6,764
Total Capital Outlay 386,356 201,777 184,579 145,264
DEBT SERVICE:
Tax anticipation notes 240,000 232,881 7,119 242,015
Other 0 145,250 (145,250) 53,127
IRB building rents 121,065 107,798 13,267 172,202
Total Debt Service 361,065 485,929 (124,864) 467,344
TOTAL EXPENDITURES 21,468,387 20,059,261 1,409,126 18,085,127
OTHER FINANCING SOURCES (USES):
OPERATING TRANSFERS - IR:
Non-Departmental 0 0 0 20,000
Pac - Diversion 69,993 0 (69,993) 0
Total Operating transfers - in 69,993 0 (69,993) 20,000
OPERATING TRANSFERS - OUT:
-- Appropriation grants-in-aid (2,088,304) (2,060,031) 28,273 (1,661,428)
EXCESS OF REVENUES AND OTHER FINANCING
SOURCES OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES $ (1,410,206) $ 17,891 $ 1,428,097 $ 1,669,430
-63-
COLORADO
it
is
SP CIAL REV NUE
FUNDS
Special Raven Funds are established to ac t for taxes or other
earmarked revenues; ,f the County which finance cified activities as
required by law or , •istrative action.
t 4igy
II
I
pp ;
COLORADO
1,11
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1990
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.
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 -
the primary funding agency is HUD.
-65-
03UNTTOFICIA
WATS Wl COLORADO
SBCIAL R1V91Ui FUNDS
COIOININ0 BALANCE EST
December 31, 1990
With Comparative Actual Amounts as of December 31, 1989
Read and Social Conservation
Bridge Services Treat Contingent
Fund Fund Fund Fund
ABUTS
ASSETS: -
Cesb and short-term investments $ 3,300,043 S 3,001,536 $ 213,395 8 579,138
Receivables (net of allowance for umollectibles):
Current property tax 3,611,064 2,882,238 0 934,355
Delinquent property tax 117,918 86,613 0 33,365
37,109 2,338 523 0
Accounts 0
Special assessment 210,867 0 0
169,648 218,020 0 0
Due from other County Lends 0
Due from other governmental units 4,022 100,307 0
0 0 0 0
Advances to other fence 0 0
Inventories 679,198 d
p 4,323 0 0
Other aerate
TOTAL ASSETS ( 8,129,869 S 6,295,375 S 213,918 S 1,566,858
LIABILITIES AND FUND BALANCES
LIABILITIES: 0 $ 0
Amounts payable $ 168,761 i 74,272 $
114,122 134,734 0 0
Accrualliabilities0 -
Due to other governments 0 216,279 0
74,631 24,388 28,273 0
Due to other County tends 0 973,365
Deferred revenue 3,916,982 2,986,263
0 2,554,596 0 0
Unexpended grant revenue 0
Other liabilities O 11,728 0
0 0 0 0
Advances fromother fonds 0
Retainage payable 0 5,728 O
Total Liabilities 4,274,/96 6,007,988 28,273 973,365
FUND BALANCES: 0
Reserve for encumbrances 984,176 0 0
Reserve Lou advance/ to other Lords
0 0 0 0
Reserve for other assets 0 4,323 0 0
679198 0 0 0
Reserve for inventories -
Unreserved:
Designated for future years' expenditures 1,165,000 0 0 500,000
Undselgnattl
1,026,999 283,064 185,645 73,493
,dal Fund Balances 3,855,373 287,387 185,645 573,493
TOTAL LIABILITIES AND MID BALANCES S 8,129,869 8 6,295,375 $ 213,91! 1,546,!58 S
-66-
Public Horn 80116 Sousing Torn
Mal= Membercee Nub Autbority Denrbet 31 December 31
Puna Pm6 Fund ?tuna 1990 1989
$ 189,878 f 429,903 f 789,302 f 225,848 f 8,329,043 f 7,335,774
O 0 0 0 7,427,657 7,010,056
O 0 0 0 237,896 89,121
109,362 317,674 26,609 1,602 495,217 458,238
O 0 0 0 210,867 228,974
15,166 0 0 282 403,116 901,895
15,485 826,691 0 11,753 958,258 1,819,874
O 0 75,000 0 75,000 75,000
4,696 276,125 0 0 960,019 684,229
O 261 0 78,302 82,886 96,429
f 334,587 f 1,850,656 f 490,911 f 317,787 f 19,179,959 $ 18,699,590
f 42,394 f 109,567 f 2,212 f 5,260 f 402,466 f 447,008
52,223 235,786 0 3,390 540,255 465,906
O 0 0 30,921 267,200 0
2,380 231,921 24,993 2,097 388,683 1,013,256
11,325 0 75,000 0 7,962,935 7,412,716
22,082 298,354 0 36,703 2,911,735 1,673,896
O 68,437 0 0 80,165 102,160
0
0 0 0 0 1,546,031
O 0 p 0 5,728 0
130,404 944,065 102,205 78,371 12,539,167 12,660,973
6,187 127,186 0 0 1,117,549 431,689
O 0 75,000 0 75,000 75,000
O 261 0 78,302 82,886 60,503
4,696 276,125 0 0 960,019 684,228
O 0 250,000 0 1,915,000 1,233,200
193,300 503,017 63,706 161,114 2,490,338 3,553,997
204,183 906,589 388,706 239,416 6,640,792 6,038,617
f 334.587 $ 1,850,654 f 490,911 f 317,787 f 19,179,959 f 18,699,590
-67-
- - I
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
COMBINING STATEMENT GP REVENUES, EXPENDITURES AND CRAMS IN FUND BALANCES
For The Year Ended December 31, 1990
With Comparative Actual Amounts for the Year Ended December 31, 1989
Road and Social Conservation
Bridge Services Trust Contingent
Fund Fund Fund Fund
REVENUES:
Taxes $ 4,631,423 $ 2,784,599 f 0 9 1,069,787
Licenses and permits 149,268 0 0 0
Intergovernmental 5,612,489 18,751,779 160,492 0
Charges for services 198,421 0 0 0
Miscellaneous 179,153 317 6,230 0
Total Revenues 10,770,754 21,536,695 166,722 1,069,787 -
EXPENDITURES:
Current:
Public works 10,515,213 0 0 0
Public health and welfare 0 21,633,382 0 0
Culture and recreation 0 0 115,688 0
Economic assistance 0 867 0 0
Miscellaneous 0 0 0 0
Capital outlay 0 1,158 0 0
Intergovernmental 739,958 0 0 0
Total Expenditures 11,255,171 21,635,407 115,688 0
EXCESS OF REVENUES OVER (UNDER)
EXPENDITURES (484,417) (98,712) 51,034 1,069,787 -
OTHER FINANCING SOURCES (USES):
Operating transfers - in 1,200,000 0 0 0
Operating transfers - out 0 0 0 (1,200,000)
Total Other Financing Sources (Uses) 1,200,000 0 0 (1,200,000)
EXCESS OF REVENUES AND OTHER FINANCING
SOURCES OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES 715,583 (98,712) 51,034 (130,213)
FUND BALANCES AT BEGINNING OF YEAR 3,139,790 386,099 134,611 703,706
FUND BALANCES AT END OF YEAR $ 3,855,373 $ 287,387 $ 185,645 $ 573,493
-68-
Public Human Solid Housing TOTAL
Health Resources Waste Authority December 31 December 31
Fund Fund Fund Fund 1990 1989
$ 0 $ 0 $ 0 $ 0 $ 8,485,809 $ 8,396,976
4,807 0 0 0 154,075 198,654
458,690 5,948,958 0 1,760,024 32,692,432 27,492,078
327,264 444,002 219,121 0 1,188,808 1,122,505
43,491 146,598 0 2,864 378,653 724,409
834,252 6,539,558 219,121 1,762,888 42,899,777 37,934,622
0 0 0 0 10,515,213 9,801,344
1,799,938 0 0 0 23,433,320 20,489,975
0 0 0 0 115,688 129,604
O 6,654,749 0 1,572,853 8,228,469 6,761,344
O 0 24,506 0 24,506 361,115
21,755 206,214 0 1,768 230,895 243,012
O 0 0 1,250 741,208 788,412
1,821,693 6,860,963 24,506 1,575,871 43,289,299 38,574,806
(987,441) (321,405) 194,615 187,017 (389,522) (640,184)
950,345 69,686 0 0 2,220,031 1,432,403
O 0 (28,334) 0 (1,228,334) (345,000)
950,345 69,686 (28,334) 0 991,697 1,087,403
(37,096) (251,719) 166,281 187,017 602,175 447,219
241,279 1,158,308 222,425 52,399 6,038,617 5,591,398
$ 204,183 $ 906,589 $ 388,706 $ 239,416 $ 6,640,792 $ 6,038,617
-69-
=err Or MILD
6'IIa OP COD2RADO
SPECIAL RIOTOUS PINGS _.
ROAD Ace MIDGE POGO
Schedule of Rinses aed Expenditures, Budget and actual
Pot The Teas Model December 11, 1990
With Comparative Astsal Emanate foe the Year Ended December 31, 1989
1990 1990 1990 1989
H-.... Actual Variance Actual
RIVOOES:
TAXES:
General property tax $ 3,459,879 $ 3,437,499 f (22,380) 1 3,483,067
Specific ownership taxes 1,070,000 1,161,766 111,766 1,130,657
Penalties 6 interest 0 12,158 12,158 13,904
Total Tyres 4,529.879 4,631,423 101,544 4,627,628 _
LICENSES AND PERMITS:
Haring permits 130,000 149,268 19,268 198,454
UMEMOVRRNffiRAL:
Matching funds snow/gravel 1,000 0 (1,000) 0
Mineral leasing 25,000 22,833 (2,167) 69,659
Grazing act 121,000 121,327 327 131,139
Payment in lieu of taxes 10,000 10,915 915 10,027
Motor vehicle registration fee 200,000 217,221 17,223 237,195
Righway user tax fund 7,087,600 5,240,191 (1,847,409) 4,538,210
Total Intergwarceental 7,444,600 5,612,489 (1,832,111) 4,986,230
CRARORH POR SERVICES:
Charges for services 202.000 198,421- (3,579) 238,207
Mrersrranvong:
Earnings on deposits 0 23,900 23.900 8,122
Special assessments 0 92,841 92,841 82.765
Miscellaneous 7,000 7,066 66 14,682
Other 36,000 47,846 11,846 14,167
9ecovery of losses 7,500 7,500 0 0
Total Miscellaneous 50,500 179,153 128,653 119,936
TOTAL RyyIDOES 12,156,979 10,770,754 (1,586,225) 10,170,455
ID@BIIDITUREB:
PUBLIC WORKS:
Bridge construction 1,214.240 1,144,781 69,459 1,004,600
Maintenance of condition 2,026,500 2.053,755 (27,255) 1,930,175 -
Maintenance support 1,090,987 894,266 196,721 830,300
Trucking division 1,084,334 1,085,237 (903) 983,104
Mining division 1,489,537 1,309,732 179,805 802,319
Administration 225,413 219,176 6,237 200,891
Other public works 7,829,315 3,808,266 4,021,049 4,049,955
Total Public Works 14,960,326 10,515,213 4,445,113 9,801,344
(Costisued on Nest Page)
_70_
_-. .. _ f
OxRTY OF WILD
flea ar COLORADO
SPECIAL RR+eNUE FO06
MAD AND BRIDGE F®
Schedule of Revenues and EEpenditurem, Budget and Actual
For The Year Ended December 31, 1990
With Cagarative Actual Amounts for the Year Ended December 31, 1969
1990 1990 1990 1969
Budget Actual variance Actual
EnnDITOMES (CORPINUE7):
cAFI111L OUTLAY:
Mining division 3 0 i 0 i 0 3 64,400
I1IQDCNNNIN ITAL:
Grants-in-aid to cities/tams 745,610 739,956 5,652 764,662
Irma immoITORE6 15,705,936 11,255,171 4,450,765 10,650,406
OTHER FINANCING SCONCES (USES):
amoun ma TRANEPEUS - IN:
Non-Departmental 1,200,000 1,200,000 0 0
CelakTING TRANSFERS - COT:
Other public works (50,000) 0 50,000 0
TOTAL OTHER FIRINCINO SOURCES 1,150,000 1,200,000 50,000 0
EXCESS OF RNRMRS AND OfffiR FIRECING
SOURCES OVER (UNDER) EXPENDITURES
AND OTHER FIRHCINO U6ffi i (2,196,957) 1 715,563 i 2,916,540 S (479,951)
—71—
COORIY OF WELD
etas 0! OOLORAD3
SPRCIAL MANI= Fame
SOCIAL SERVICES Faro -
Schedule of Revenues and Expenditures, Budget and Actual
For The Year Ended Demme:sr 31, 1990
With Comparative Actual Amoonta for the Year Boded December 31, 1989
1990 1990 1990 1989
Budget Actual Variance Actual
REVyNRB:
TAXES:
gemeral property tax $ 2,603,834 $ 2,586,900 $ (16,934) 8 2,541,183
Specific anerehip taxes 170,000 188,591 18,393 178,400
Penalties A interest 0 9,106 9,106 10,145 --
Total TIMM 2,773,834 2,784,599 10,763 2,729,728
INTEROOVHeWORTAL:
Contract payments 0 43,064 43,064 44,121
Welfare (SS) 11,704,466 18,708,715 7,004,249 16,379,253
Total Intergovernmental 11,704,466 18,751,779 7,047,313 16,423,774 -
MISCUZAMEOUS:
Earnings on deposits 0 317 317 2,685
Sale of assets 0 0 - 0 1,057
Total Miscellaneous 0 317 317 3,742
TOTAL REVENUES 14,478,300 21,536,695 7,058,395 19,156,844 -
EXIMUIDITURES:
PUBLIC HEALTH AND WELFARE:
Administrative - regular 3,174,196 3,106,300 67,896 2,964,177
Administrative - IV-D 508,988 522,114 (13,126) 465,752
Institutional care 21,000 33,907 (12,907) 52,946
Food stamps 0 6,924,541 (6,924,541) 5,708,247
Sobs - IV-P 115,000 136,529 (21,529) 0
general assistance 103,500 96,757 6,743 93,391
Ace 5,500 5,340 160 5,124
AFDC 5,171,000 5,162,111 8,889 4,151,004
AND - State 526,000 525,875 125 472,703 _
p - FC 1,010,000 1,007,480 2,520 1,006,279
AFDC - FC 519,000 518,748 252 473,550
Day care 940,000 956,174 (16,174) 733,781
Medicaid transportation 4,300 4,000 300 6,129
Non-contractural caw services 7,700 8,278 (578) 4,194
OAP - A 1,504,000 1,509,168 (5,168) 1,503,613
Placement alternative care 310,000 343,142 (33,142) 295,075
Staff development 3,000 3,121 (121) 3,623 -
Medical examinations 0 9,410 (9,410) 9,272
Staff Travel 0 0 0 27,345
IV-D 0 (2,362) 2,362 198,522
Administrative - LEAP 50,664 50,890 (226) 49,572
Administrative - LEAP outreach 6,500 11,221 (4,721) 13,497
LEAP - regular 472,000 639,757 (167,757) 604,999
Lyle - emergency 16,000 17,817 (1,817) 19,328
FNMA 44,300 43,064 1,236 44,028
Total Public Health and Welfare 14,512,648 21,633,382 (7,120,734) 18,906,151
(Continued on Next Page)
-72-
1
=MY OF OIID
STRTE OF CWC..DO
NPECIAL REVsaN FUNDS
SOCIAL EONICIS FUND
Schedule 0f Reveeome and EEpenditeree, Budget and Actual
For The Year Ended December 31, 1990
With Comparative Actual Amounts for the Year Ended December 31, 1989
1990 1990 1990 1989
Budget Actual Variance Actual
L@EIDIT'URES (CONTINUED):
ECONOMIC ASSISTANCE:
Placement alternative case i 0 f 867 f (867) f 0
NISCILLANBU8s
Administrative - regular 2,900 0 2,900 6,593
CAPITAL OUTLAY:
Administrative - IV-D 1,200 1,158 {2 3,837
TOTAL E%PENDITON88 1{,516,7{8 21,635,607 (7,118,659) 18,916,581
EXCESS CP REVENUES AND OTHER FINANCING
SOUR= OVER (UNDER) EXPENDITURES
AND Ors= FINANCING USES S (38,668) $ (98,712) j__(1_,____0264) f 2{0,263
—73—
COUNTY Or MILD
DTA= 09 COLORADO
SPECIAL REVENUE RAIDS
m8N0NNATION TRONf FUND
Schedule of Revenema and Expenditures, Budget and Actual
FOr The Year Ended December 31, 1990 With Comparative Actual Amomts for the Year Ended December 31, 1989
1990 1990 1990 1989
Budget Actual Variance Actual
REVERIES:
$ 93,177 $ 160,492 $ 67,115 $ 130,763
State lottery --
IQSCE,LANEOUS:
Earnings on deposits
3,000 6,230 1,230 8,989
TOTAL REVENUES 98,377 166,722 68,345 139,754
EERINDISVRES:
CULTURE AND RECREATION: 129,604
Land improvements 115,688 115,688 0
CAPITAL OUTLAY:
Land improvements 10,962 0 10,962 20,716
TOTAL EXPENDITURES 126,650 115,688 10,962 150,318
OAR FINANCING SOURCES (USES): -
OPERATING TRANSFERS - IN: p
Nan-Departmental 28,273 0 (28,273)
EXCESS OF REVENUES AND OTRR FINANCING
SOURCES OVER (UNDER) EXPENDITURES
AND OTRR FINANCING USES L____!3 S Elail S SL 034 $___(22a)
-74-
COUNTY OF SEID -
SIMS OF ODWRADO
STEM& MENUS FORDS
COMMGENT FUND
Schedule of Revenues end Expenditures. Budget and Actual
Far The Year Boded December 31, 1990
With Comparative Actual Amounts for the Year Ended December 31, 1989
1990 1990 1990 1989
Budget Actual Verlence Actual
REMMUES:
IMES:
General property tap 8 1,000,000 $ 993,839 $ (6,161) E 967,812
Specific ownership tutus 70,000 72,468 2,468 67,944
penalties 6 interest 0 3,480 3,480 3,864
TOLL Taxes 1,070,000 1,069,787 (2U) 1,OJ9,620
TOTAL REVENUES 1,070,000 1,069,787 (213) 1,039,620
EEPEND2TUOIS:
MISCELLANEOUS:
Other 270,000 0 270,000 0
TOTAL EXPENDITURES 270,000 0 270,000 0
QTR FINANCING SOURCES (USES):
MMATING TAAMMRS - OUT:
Other (1,200,000) (1,200,000) 0 (345,000)
EXCESS OF REVESUEB AND OTBER FINANCING
SOURCES OVER (UMM) EEPENDITURBB
AND OTBBR FINANCING USES 1 (400,000) 8 (130,213) S 269,757 { 694,620
-75-
camrsr OF WC
STRTE OF COLORADO
SPECIAL REVENUE FUNDS
PUBLIC =ALTA FUND
Schedule of Revenues and Expenditures, Budget and Actual
For The Yeas Ended December 31, 1990 With Comparative Actual Amounts for the Yeas Ended Deosmber 31, 1989
1990 1990 1990 1989
Budget Actual Variance Actual
REVISIONS:
amass AND PERMITS:
Smith license i 2,650 $ 4,807 i 2,157 t 200
IR1O00IDIENIML:
Arent - 398,532 424,487 25,955 403,086
Eeelth 27,095 25,702 (1,393) 26,852
Counties 8,000 8,501 501 0
Total Intergover®antal 433,627 458,690 25,063 429,938
CRAMS FOR SERVICES:
Charges for services 38,800 32,128 (6,672) 12,900
Protective inspection fees 51,850 32,942 (18,908) 12,362
Vital statistics 38,000 40,772 2,772 34,561
GC cultures 0 42 42 0
Clinic fees 123,429 103,893 (19,536) 102,413
Septic 50,000 50,779 779 52,760
Mater 30,000 66,708 36,708 56,366
Total Charges for Services 332,079 327,264 (4,815) 271,362
MIBCELLA103W8:
Rental income 300 258 (42) 614
Miscellaneous 40,039 43,167 3,128 38,907 -
Other 0 16 16 24
Contributions 0 50 50 445
Total Miscellaneous 40,339 43,491 3,152 39,990
1OTAL REVENUES 808,695 834,252 25,557 741,690
EXPENDITURES:
PUBLIC HEALTH AND WELFARE:
Public health administration 82,263 83,758 (1,495) 25,009
Health education 116,530 109,650 4,860 121,190
Nursing 1,051,132 997,515 53,617 899,458 --
Environmental health 630,120 609,015 21,105 538,167
Total Public Health and Welfare 1,878,065 1,799,938 78,107 1,583,824
CAPITAL OUTLAY:
Public health administration 0 0 0 1,639
Health education 1,500 0 1,500 895
Nursing 20,730 14,137 6,593 8,193
ewironmantal health 7,400 7,618 (218) 0
Total Capital Outlay 29,630 21,755 7,875 10,727
TOTAL ICCPENDITLIPAS 1,907,675 1,821,693 85,982 1,594,551
OPIIATI IG TRANSFERS - IN :
Ion-Departmental 950,345 950,345 0 876,570
AO:P88 OF REVENUES AND OTHER pummels.
SOURCES OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES S (148,635) i (37,096) S 111,539 i 23,509
-76-
7
COUNTY OP WELD
NNW OP COMIC°
UNCIAL MEMO= FINDS
NOON HYOOHCY FIND
Schedule of Revenues and L:pendlteree, *Meet and Actual
For The less Ended December 31, 1990
With Comparative Actual Amounts for tbs Year Ended December 31, 1989
1990 1990 1990 1969
Eudget Actual variance Actual
IOVY0E8:
INTEMOVCIIKINTAL:
Contract payments 9 2,463,519 t 5,146,682 E 2,683,163 $ 655,086
Other 14,875 38,906 24,031 158,925
Giant 2,143,859 763,370 (1,380,489) 2,646,805
Other governmental mite 0 0 0 3{5,730
Total Intergovernmental 4,622,253 5,948,956 i,326,70S 3,808,446
OMENS PON SERVICES2
Grant 69,386 0 (69,386) 0
Charges for services 450,000 444.002 (5,998) 364,078
Total Charges for Services 519,386 444,002 (75,384) 364,078
MISCELLANEOUS:
Other 0 3,051 3,051 101,178
Counties 0 0 0 5,576
Donations from private sources 116,512 124.348 7,836 415,428
Lyn repayments 0 0 0 27,827
Welfare diversion 80,000 19,199 (60,801) 0
Total Miscellaneous 196,512 146,598 (49,914) 550,009
TOTAL REVENUES 5,338,151 6,539,558 1,201,407 4,722,533
EEPEINITORES:
ECONOMIC ASSISTANCE:
gown Resources 15,421 7,77 7,65 8,933
,TPA performance incentive 55,766 55,76 0
Dislocated farmers 0 (7)
.TPA 81 local distribution 0 23,726
JTPA 88 education coordination 0 1,000
JTPA ZIA 61 incentive 0 742
JTPA dislocated Workers 0 60,478
.TPA older workers 20,500 22,91 (2,41 ) 23,530
61 TAT C.O. 0 32,215
Wapner-Peyser 108 PY85 113,191 139,75 (26,56 ) 4{,038
IDWAR 101 Displaced H®esaker 22,639 25,32 (2,68 ) 9,735
Suer youth 480,539 447,50 33,03 520,081
JTPA basic 961,705 995,97 (34,27 ) 939,932
Job service 226,399 276,41 (50,01 ) 154,374
Community development 12,037 6,42 5,61 12,036
Job service incentive funds 0 12,06 (12,066) 0
VI Training program 0 14,99 (1{,993) 10,789
WCCN 0 7,94 (7,945) 5,236
Jobs program 0 124,49 (124,499) 0
State pre-school 338,798 172,29 166,501 232,575
Head Start 619,412 707,55 (88,146) 596,099
Head Start handicap 21,088 21,61 (527) 0
Read Start T 6 TA 9,360 10,55 (1,192) 0
Migrant Hdst/day care basic 639,830 695,59 (55,769) 527,375
CSA/CAP 1{7,741 159,03 (11,092) 181,923
Migrant Head Start - handicap 26,976 10,48 16,489 1,249
Heed Start - high scope 0 0 (50)
Migrant headstate T a T A 7,670 3,06 4.607 2,009
Migrant headstart playgr prof 26,500 17,60 8,895 8,828
Supplemental foods 1{5,360 1,354,91 (1,209,556) 133,103
DOE restherization 1{,875 10,8
7 4,000 11,896
CDHG HOCH 10,000 10,00 0 13,226
CDHG SSG 45,000 29,44 15,556 22,207
(Continued on Next Page)
_77_
COURTS OF OED
SATE OF COLORADO
SPECIAL REVENUE FUNDS
weAS EbOUNCES romp
Schedule of Revenues and Expenditures, Budget and Actual
For The Meer Ended December 31, 1990 With Comparative Actual Amounts for the Year Ended Dearer 31, 1990
1990 1990 1990 1990
Budget Budget Budget Budget
ECONOMIC ASSISTANCE (CONTINUED):
HOBS 69,386 55,126 14,260 13,808
OY Area Agency 47,735 46,287 1,448 47,934
OAA Title III-B 221,955 95,617 126,141 115,387
AAA CAN meaAinalt 18 30,459 (30,441) 41,264
AAA legal aide IIB 0 29,331 (29,333) 0
AAA Ombudsman II-e 0 14,812 (14,812) 0
OAA Title III C-I congregate 358,543 263,026 95,517 258,281
OAA Title III-C 155,869 73,327 82,542 64,436
NCBC training 7,694 5,215 2,479 0
Title IV training 5,700 5,659 41 4,500
Human resources general fund 250,000 364,654 (134,654) 316,456
Transportation 0 89 (89) 0
Welfare diversion 380,000 10,661 369,139 522,947
Welfare diversion/cnty reimbur - 80,000 298,648 (218,648) 87,921
Gen adman allocation 63 0 63 315
MODS allocation 0 1,253 (1,253) 1,435
Non-EODB allocation 0 0 0 1,269
Transportation allocation 0 0 0 770
Total Economic Assistance 5,537,973 6,656,749 (1,116,776) 5,056,001
CAPITAL OUTLAY:
Husmn Resources 0 0 1,800
JTPA dislocated workers 0 0 151
JTPA older workers 21 (21) 0
69 TAT C.O. 0 0 42
Magner-Peyser 106 PISS 88 (88) 0
ETNA& 109 Displaced Haaemaker 51 (51) 0
Bummer youth 0 0 1,627
JTPA basic 1,016 (1,016) 1,743
Job service 32 501 (180) 404
Community development 0 O 1
WCCN 0 0 340
Jobs program 22 (22) 0
Head Start 337 (337) 2,546
Migrant Hoist/day care basic 982 (982) 1,495
CSA/CAP (1,208) 1,208 390
Supplemental foods 1,172 (1,172) 18,615 -
OAA Area Agency 0 0 209
OAA Title III-B 0 0 240
AAA case management 0 0 966
OAA Title III C-I congregate 0 0 140
NCBC training 1 (1) 0
Hunan resources general fund 247 (247) 1,324
Transportation 200,000 204,237 (4,237) 107,026
EODB allocation 0 (1,253) 1,253 0
Total Capital Outlay 200,321 206,214 (5,893) 139,057
TOTAL EXPENDITURES 5,738,296 6,860,963 (1,122,669) 5,193,058
OPERATING TRANSFER8 - De:
OAA Area Agency 11,844 11,844 0 10,756
Human resources general fund 0 57,842 57,842 119,347
Welfare diversion 380,000 0 (380,000) 345,730 -
Welfare diversion/County reimbursement 0 0 0 80,000
Total Operating Transfers - In 391,844 69,686 (322,158) 555,833
EXCESS OF REVENUES AND OTBER FINANCING
SOURCES OVER (UNDER) EXPENDITURES
AND OTBBR FINANCING USES 5 (8,299) 8 ( adn) $ (243,420) $ 85,308
_78_
1_ -
COUNTY 09 WILD
GATE OF ADD
SOLID MART FUND
Sabedule of Revenues and Expenditures, Budget and Actual
FOX' The Year Ended Decker 71, 1990
With Comparative Actual mounts for the Year Ended December 71, 1969
1990 1990 1990 1969
Budget Actual variance Actual
SZVHOBSs
CRAMS FOR SERVICES:
Landfill surcbarge f 150,000 i 219,121 S 69,121 S 206,856
y@E1mISVREfs
IIISCELLANEOUS:
other 121,666 2!,506 97,160 350,532
OT®l ISRANCI110 SOURCES (USES);
OpERATIDO TRANSPEI:S - OUT: 0
Other (28,7]0) (28,330) 0
=TESS C9 RBVINUES M1D OTBYR 9I11ANCINO
SOURCES OVER (UNDER) Yoram TUREe
AND LOUR 9IMNCINO USES f 0 $ 166,281 $ 166,281 $ (105,66!)
—79—
COUNTY OF WELD
SIXTE OF LV84SA00
SPECIAL REMUS FUNDS
HOUSING ADTEKINITY MID -
Schedule of Revenues and Expenditures, Budget asd Actual
for The Year Ended December 31, 1990 With Comparative Actual Amounts for the Year Ended December 31, 1989
1990 1990 1990 1989
Budget Actual Variance Actual
AVADRIES:
INTERGOVERNMENTAL:
Contract payamnts 6 1,613,963 6 1,550,396 8 (65,567) 6 1,685,735
CCM loan proceeds 60,000 25,655 (36,345) 27,590
Other 0 183,973 183,973 0
Total Intergovernmental 1,675,963 1,760,02{ 86,061 1,713,325
NISCELLIUMOUS:
Earnings on deposits 22,350 2,86{ (19,{86) 1,793
TPITAI, REMU S 1,698,313 1,762,888 6{,575 1,715,Ofi) _
EXPENDITURES:
ECONWIC ASSISTANCE:
Other 22,350 153 22,197 0
Administrative 68,620 50,433 18,187 30,650
Rouelsg assistance 5{8,256 5{8,683 (427) 531,936
Rousing vouchers preliminary 0 0 0 1,517
Rousing voucher administrative 66,051 55,618 10,433 34,805
Rowing voucher payments 605,688 565,725 39,963 537,858 -
Contract payments 0 6,622 (6,622) 0
Rousing preservation grant-adm 8,013 8,011 0 6,230
Housiag pressrvation grant 37,129 37,128 1 45,946
Rental rehabilitation 78,533 77,658 875 270,729 _
Rental rehab adminstratlon 11,200 11,715 (515) 199
General administration 14,994 16,150 (1,156) 39,493
CDRG contract payments 229,404 194,955 34,449 208,379
Total Economic Assistance 1,690,238 1,572,853 117,385 1,707,3{3
CAPITAL OUTLAY:
Administrative 3,825 1,768 2,057 294
Housing vouchers preliminary 0 0 0 3,983
Housing voucher administrative 3,000 0 3,000 0
Total Capital Outlay 6,825 1,768 5,057 4,277
DITHAGOVERNMENTAL:
Administrative 1,250 1,250 0 3,750
TOTAL EXPENDITURES 1,698,313 1,575,871 122,{{2 1,715,370
EXCESS OF REVENUES AND OTHER FINANCING
SOURCES OVER (UNDER) EXPENDITURES
AND ODDER FINANCING USES 1-..-----2 f 187.017 3 157,017 3 x302)
_80_
i
I I
I'
CA � TAL PRO CTS
FUNDS
Capital Proie Funds are established to count for financial
resources used for acquisition or improvement o he capital facilities
of the County.
4
#. ''e
o
COLORADO
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUND
EXPLANATION OF INDIVIDUAL FUND
December 31, 1990
Capital Expenditures Fund:
This fund accounts for various capital improvement projects on County
property.
-81-
COMITY OF WILD
BUTTE OF COLORADO
CAPITAL 110,7ECIR FUND
chloral. EBPEIDI1O8E8 FUND
BALANCE BDDiT
Deoesher 31, 1990
With Comparative Actual Amounts as of December 31, 1989
1990 1989
Assn
ABEETB: -
Cash and short-term investments 8 1,384,114 t 89,211
Receivables (net of allowance for uncollectibles):
Current property tax 944,295 793,901
Delinquent property tax 16,138 3,076
Accounts 14,965 2,889
Dos from other County funds 0 170,799
Des from other governmental units 0 62,315
TOTAL ASSETS 9 2,357,312 $ 1,122,189
LIABILITIES AND FUND BALANCE
LIABILITIES:
Accounts payable = 3,756 f 24,070
Accrued liabilities 1,675 1,675
Des to other County funds 2,068 14,521
Deferred revenue 964,138 462,218
Advances from other funds 340,856 681,712
Total Liabilities 1,312,493 1,184,196
FUND BALANCE:
Reserve for encumbrances 11,130 0
Unreserved:
Designated for future years, expenditures 690,000 0
Undeslgnated 343,889 (62,007)
Total Fund Balance (Deficit) 1,045,019 (62,007)
TOTAL LIABILITIES AND FUND BALANCE ;sum? S 1,122,189
-82-
COUNTS OF WELD
SMITE 0/ COIaPADO
CAPITAL PROJECTS FUND
CAPITAL EAPENDITTRES FUND
Schedule of Revenues and Expenditures, Padget and Actual
ter The Year Ended December 31, 1990
With Comparative Actual Amounts for the leer Ended December 31, 1969
1990 1990 1990 1969
Budget Actual Varian Actual
REVENUES:
ISMS:
general property tat E 600,000 B 792,650 S (7,350) 9 1,561
Specific ownership wess 56,000 57,916 1,916 0
psnelssem 4 interest
p 2,536 2,536 0
Total Toss 856,000 833,102 (2.696) _SOLI
INTEROOVISOOCINTAL: p 1,665 1,685 G
Contract payments
K S° p 39,841 39,5{3 58,002
Earnings on deposits 0 29,291 29,291 196,202
Other
0 0 0 274
Otheer
Taal Miscellaneous 0 69,132 69,132 254,478
TOTAL REVENUES 856,000 923,919 67,919 256,039
EXPENDITURES:
CAPITAL OUTLET:
Buildings 1,276,000 246,897 1,029,107 1,738,344
OPERATING TRANSFERS - IN:
Non-Oepertmental 420,000 430,000 10,000 466,141
EXCESS OF REVENUES AND OTHER FINANCING
SOURCES OVER ([EIDER) E%PEEDIIVREB
AND OTHER FINANCING USES 1-----1-3 1.107
S ,026 5 L 107,026 E (1,016,164)
•
-83-
COLORADO
TERPRIS
FUNDS
Enterprise Fun•. are used to account for oper ns that are financed
and operated in a m r similar to private business terprises - where the
intent of the gov . ng body 1s that the costs providing goods or
services to the ral public on a continuing sis be financed or
recovered primarily ough user charges.
I �
0
COLORADO
f
COUNTY OF WELD
STATE OF COLORADO
ENTERPRISE FUND
EXPLANATION OF INDIVIDUAL FUND
December 31, 1990
Ambulance Fund:
This fund accounts for the ambulance services provided to Weld County.
-85-
SASSt OP COLORADO
EPTENRRISE IMOD
AN WLAmCE FORD
BALANCE Mar
December 31, 1990
With Comparative Actual Amounts as of December 31, 1989
1990 1989
ASSETS
CURRENT ASSETS:
Cast and short-term investments $ 396,986 S 232,888 -
Receivables (net of allowance for uncollectiblee):
Accounts - ambulance services 139,872 299,084
Accounts - other 1,508 2,647
Due from other County funds 10,297 5,299
Total Current Assets 548,663 539,918
PD3fD ASSETS: _.
Machinery and equipment 391,279 350,118
Accumulated depreciation (181,351) (145,989)
Fixed Assets - Net 209,928 204,129
TOTAL ASSETS t 758,591 t 744,047
LIABILITIES AND FORD EQUITY
CURRENT LIABILITIES:
Accounts payable i 45,009 S 4,346
Accrued liabilities 79,959 78,894
Due to other County funds 1,984 11,992
Total Current Liabilities 126,952 95,232
FUND EQUITY:
Contributed capital 98,334 98,334
Retained earnings 533,305 550,481 _.
Total Fund Equity 631,639 6!8,815
TOTAL LIABILITIES AND FUND EQUITY t 758,591 f 741,047 -
-86-
ODDITY OF CP
EMS OF COLON=
MI IApRIEE FUND
MUMMA= anon
Schedule of Revenues and Expenses Compared with Budget
For The Year Faded December 31, 1990
With Comparative Actual Aenmts for the Year Ended December 31, 1989
1990 1990 1990 1989
Budget Actual Variance Actual
CEGEITil0 REVpDEB:
Awn* unit fees $ 1,546,555 $ 1,768,624 $ 222,069 f 1,611,288
MOWING EXPE1616:
Personnel services 809,476 801,586 7,690 751,359
Contractual services 82,907 74,484 8,423 77,845
Supplies 52,500 88,532 (36,032) 56,279
Repair and maintenance 98,293 62,341 35,952 69,721
Other 431,885 694,919 (263,034) 468,511
Depreciation 71,494 67,014 4,480 48,977
Total Operating Expenses 1,546,555 1,788,876 (242,321) 1,472,692
OPERATING MOM (1'088) 0 (20,252) (20,252) 138,556
!COOPERATING REVIDDEB (E21IIBE8).:
Earnings on deposits 0 14,084 14,084 12,602
Other 0 794 794 754
_. DOsetlone 0 500 500 1,000
Gain (loss) on sale of assets 0 (12,302) (12,302) 12,116
Total :cooperating Revenues (Expenses) 0 3,076 3,076 26,472
MIT INCOME (1,366) 1----- ) 1---(1-,-31.L.76) S (17,176) 1-..A5.028
_87_
_ _. _I.. _
Wilk
I
1
1
1
` 0
A
INT NAL SE ICE
FUNDS
Internal Servi Funds are established to a nt for goods and
services provided other departments of a County on a
cost-reimbursement b- .
I a It VC'
wilk
COLORADO
- -
4 ,
1 1,
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1990
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.
Health Insurance Trust Fund:
This fund accounts for the County's self-insured health insurance
coverage. Revenue is generated from contributions from both employees
and the County as the employer, and disbursements are made after insured
claims have been approved by an independent insurance adjuster.
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 casts for the County, except health
insurance. 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.
-89-
agwTr OF WELD
STSTR OF DOLOSA00
TWORN1AL SERVICE FONDS
O3M SMING EALESCE BRUT
Decesber 31, 1990
With Comparative Actual Amounts as of December 31, 1989
Health
Motor Vesicle Insurance Printing and
Fund Fund Sspply Fund
ASSETS
CUaumT 1188619:
Cass and short-term investments f 248,684 $ 376,535 $ 191,125
Receivables (net of allowance for uncollectlbles):
Current property tax 0 0 0 _
Delinquent property tax 0 0 0
Accounts 76,755 18,885 97
Des from other County funds 89,619 0 0
Inventories 18,951 0 74,376
Other assets 0 150,000 0
Total Current Assets 434,009 545,420 265,598
7.1330 ASSETS:
Land 674,245 0 0
Buildings 2,601,726 0 0
Improvements other than buildings 214,599 0 0
Machinery and equipment 11,182,968 0 8,676
Accumulated depreciation (6,912,283) 0
Total Fixed Assets 7,761,255 0 402
TOTAL ASSETS S 8,195,264 f 545,420 3 266,000
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES:
Accounts payable f 247,902 S 48,179 S 8,623
Accrued liabilities 0 220,982 2,056
Dec to other County funds 1,129 40,524 80,089
Deferred revenue 0 0 0
Advance from other funds 0 0 0
Total Current Liabilities 249,031 309,885 90,768
FUND EQUITY:
Contributed capital 6,886,559 0 120,946
Retained earnings 1,059,674 235,535 54,286
Total Fund Equity 7,946,213 235,535 175,232
TOTAL LIABILITIES AND FUND BQUITY S 8.195.264 S 545,420 S 266,000
-90-
Computer Total
68rvlaee Insurance 9IK December 71 December 11
Fund Fund luue 1990 1969
8 1,155,102 8 945,956 $ 102,270 f 3,019,672 $ 2,228,498
O 587,616 0 587,616 59,201
O 18,643 0 18,643 6,356
5,409 5,456 5,741 112,343 42,115
O 6,014 33,866 129,519 592,655
0 0 0 93,327 89,903
O 31,937 0 181,937 171,048
1,160,511 1,595,622 141,897 4,143,057 3,689,776
O 0 0 674,245 671,245
O 0 0 2,601,726 2,671,399
O 0 0 214,599 218,053
2,864,285 0 197,228 14,253,157 13,109,049
(2,188,772) 0 (93,783) (9,203,112) (8,465,751)
675,513 0 103,445 8,540,615 8,203,995 -
I 1,836,024 1 1,595,622 S 245,342 1 12,683,672 $ 11,893,771
$ 8,486 8 471 $ 15,413 $ 329,274 f 298,783
163,426 184,029 6,108 576,601 623,458
1,526 10,296 6 133,570 252,864
O 609,808 0 609,808 599,820
O 0 0 0 80,000
173,438 804,604 21,527 1,649,253 1,854,925
596,675 0 180,361 7,784,541 7,780,405
1,065,911 791,018 43,454 3,249,878 2,258,441
1,662,586 791,018 223,815 11,034,419 10,038,846
6 1,836,024 Liana { 245,342 8 12,683,672 $ 11,893,771
-91-
--
COUNTY OF WELD
STARE GE COLORADO
UTERI= SERVICE FONDS
COMBINING STATOmR' OF REVENUES, zummaza AND CHANGES It RETAINED IDWLtGS
For Thal Year Ended December 31, 1990
With Comparative Actual Amounts For The Year Ended December 31, 19e9
Bealth
actor Vehicle Insurance Printing and
Fund Fund BOR a 8tmd
GROUTING Oemuse:
Contributions f 0 f 1,599,795 f 0
Charges for services 2,999,946 0 160,843
Total Operating Revenue 2,999,946 1,599,795 160,843
OPERATING EXPENSES:
Personnel services 0 0 35,407
Contractual services 1,811,509 200,955 13,367
Supplies 359,573 0 69,848
Beat, light, and power 0 0 0
Repair and maintenance 219,083 0 16,859
Insurance and bonds 0 0 0
Claims 0 1,332,461 0
Other 47,007 0 0
Depreciation 1,159,527 0 4,250
Total Operating Expenses 3,396,699 1,533,416 139,731
OPERATING INCUR]: (LOSS) (396,753) 66,379 21,112
NOMMERATING REVERIES (EXPENSES):
Taxes 0 0 0
Miscellaneous 0 2,726 0
Fees 0 750 0
Farm induce 2,291 0 0
Gain (loss) on sale of assets 141,243 0 (1,246)
Interest expense - 0 0 0
Judgements and damages 3,500 122,066 0
Total Nonoperating Revenues (Expenses) 147,034 125,542 (1,246)
INCtlE (LASS) BEFORE OPERATING
TRANSFERS (249,719) 191,921 19,866 —
OPERATING TRANSFERS:
Operating transfers - in 178,334 112,124 0
Operating transfers - out 0 0 0
Total Operating Transfers 178,334 112,124 0
Mr INCOME (LOBS) (71,385) 304,045 19,866
RETRAINED EARNINGS AT BEGINNING OF YEAR 1,131,059 (68,510) 34,420
RETAINED EARNINGS AT END OF YEAR f 1,059,674 X__235,535 f t 286
-92-
i
Computer Total
84mv1nr Insurance MX Deaner 31 DrrDmr 31
Fund Fund Fund 1990 1999
8 0 f 0 $ 0 $ 1,599,795 8 1,288,793
2,246,878 71,389 512,900 5,991,956 5,334,007
2,246,878 71,389 512,900 7,591,751 6,622,800
1,289,787 0 88,303 1,413,497 1,346,140
307,555 1,583 236,827 2,371,796 2,196,031
66,609 1,513 2,293 499,636 401,049
O 0 0 0 16,988
97,728 0 62,293 395,963 303,989
O 351,170 0 351,170 517,359
O 116,399 0 1,448,860 2,278,191
150,346 769 29,574 227,696 198,796
279,658 0 30,935 1,474,370 1,454,166
2,191,683 471,434 450,225 8,183,168 8,712,709
55,195 (400,045) 62,675 (591,437) (2,089,909)
O 602,471 0 602,471 582,254
O 49,192 455 52,373 86,818
O 0 0 750 928
•
0 0 0 2,291 0
14,732 0 0 154,729 370,966
(2,469) 0 (39,270) (41,739) (46,032)
O 48,099 0 03,665 770,750
12,263 699,762 (38,815) 944,540 1,765,682
67,458 299,717 23,860 353,103 (324,227)
460,000 0 0 750,458 129,025
O (112,124) 0 (112,124) (41,141)
460,000 (112,124) 0 638,334 87,884
527,456 187,593 23,860 991,437 (236,343)
538,453 603,425 19,594 2,258,441 2,494,784
1-- 11-1----65911 65911 1-SC-318 L-4-2L.454 S 3,249,878 ; 2,258,441
-93-
COUNTY OF i6IID
MITE OF COIORADO
nommAL =MICR FUNDS -
0000LUUNG STATDIMIT OF CASH rtoea
For the Meer Ended December 31, 1990
motor Health Printing Computes.
Vehicle Insurance and Supply Services
Fond Fund Fund Fund
CUB nom FROM OPERATING ACTIVITIES:
Operating income (loss) S 396,753) S 66,379 $ 21,112 $ 55,195
Adjustments to reconcile operating
income (loss) to net cash provided by
operating activities:
Depreciation 1,159,527 0 {,250 279,658
Change in assets and liabilities:
(Increase) decrease in accounts
receivable (74,712) 3,900 424 (4)
(Increase) decrease in inventory (1,130) 0 (2,294) 0
(Increase) decrease in other assets 404,801 (130,000) 64,88{ 5,936
Increase (decrease) in accounts payable 45,503 30,82{ 1,954 (58,043)
Increase (decrease) in accrued _
liabilities 0 (62,794) 594 8,382
Increase (decrease in other
liabilities 464 40,345 54 (279,638)
Total adjustments 1,534,453 (135,725) 69,866 (43,709)
Net cash provided by (used far) —
operating activities 1,137,700 (69,346) 90,978 11,{B6
CASE FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Interest paid on borrowings 0 0 0 (2,469)
Property tax collections 0 0 0 0
Miscellaneous revenues (expenses) 18,068 122,816 0 0
Operating transfers-in (out) 178,33{ 112,124 0 {60,000
Net cash provided by (ustl for) noncapital
financing activities 196,402 23{,940 0 457,531
CASE FLOPS FROM CAPITAL AND :MATED FINANCING
ACTIVITIES:
Proceeds from sale of assets 155,577 0 12,132 1{,923
Acquisition of capital assets (1,489,161) 0 0 (357,892)
Net cash provided by (wed for) capital
and related financing activities (1,333,584) 0 12,152 (342,969)
CASH FLOWS FROM 'BURSTING ACTIVITIES:
Interest on investments 0 2,726 0 0
NIT INCREASE Is CASH AND CASH EQUIVALENTS 518 168,320 103,130 126,048
CASH AUD) CASE EQUIVALENTS AT BEGINNING OF YEAR 248,166 208,215 87,995 1,029,054
CASE AND CASH EQUIVALENTS AT ED) OF YEAR 246 684 S 376.535 1-1a115. 51.155.102
-94-
IOSUIMACO
Mid ra Mum Tata1
f (400,045) f 62,675 f (591,437)
O 30,935 1,474,370
(44,758) 2,219 (110,931)
0 0 (3,424)
130,259 (3,633) 452,247
(174) 10,427 30,491
6,539 422 (46,857)
49,466 3 (189,306)
141,332 40,373 1,606,590
(258,717) 103,048 1,015,153
O (39,270) (41,739)
602,471 0 602,471
48,099 455 189,438
(112,124) 0 638,334
578,446 (38,815) 1,388,504
0 0 182,652
O 0 (1,847,053)
O 0 (1,847,053)
49,192 0 51,918
328,925 64,233 791,174
617,031 38,037 2,228,498
945,956 i 102,270 f 3,019,fi72
-95-
COUNTY O9 MO
MAIM OF OOLAEAD0
INTERNAL LORVICE rums _.
IOTOA VEHICLE FUND
Schedule of Mamas and Hawse. Compared with Budget
Nor tom Tar tided December 31, 1990
With Comparative Meal Mounts for the Year tided December 31, 1989
1990 1990 1990 1989
Budget Actual Variance AetoaT
OPEEATINO REVENUES:
Charge for service 8 2,192,214 6 1,840,411 $ (551,803) 8 1,478,401
Belmtursensnt for Depreciation 1,082,116 1,159,535 77,419 1,068,779
,om Ng illYZIOURS 3,474,330 2,999,946 (474,364) 2,347,180
OPERATLq pPO1SESt
Contractual services 1,646,657 1,611,509 235,148 1,526,607
Supplies 370,000 359,573 10,427 231,653 -
Beat, light, and paint 0 0 0 16,988
!Walt and maintenance 128,550 219,083 (90,533) 112,677
Other 47,007 47,007 0 15,804
Depreciation 1,082,116 1,159,527 (77,411) 1,067,530 --
TOTw EXPENSES 3,474,330 3,396,699 77,631 2,973,259
OPERATING INCClCE (LABS) 0 (396,753) (396,753) (426,079)
NOIIOPEAATINO REVENUES: p
Rents from land 0 2,291 2,291 _._
gain on sale of assets 207,950 141,243 (66,707) 413,508
Compensation for loss
0 3,500 3,500 16,757
,TOTAL NONCiPEAATING REVENUES 207,950 147,034 (60,916) 430,265
IN03KE (LOBS) BEMIRE OPERATING TRANSFERS 207,950 (249,719) (457,669) 4,186
OPEEarl,* TRANSFERS - IN -
Non-Departmental 200,000 178,334 (21,666) 14,500
OPERATING TRANSFERS - OUT - p (41,141)
Other 0 0
NET IRCQB (LOSS) $ 407,950 ISM) ; [479,335) $ [22,455)
-9 6-
i
COUNTY Or NQO
SUITE Q COIONAD0
nfmDAL SERVICE FOAcB
MAWS INSURANCE FOND
Schedule of 2ONIO USO and Expenses Compared with Budget -.
For The Year Ended Deasmber 31, 1990
with Comparative Actual Amounts for the Year Ended December 31, 1989
1990 1990 1990 1989
Budget Actual variance Actual
OPERATING REVENUES:
Contributions 1,572,475 1,599,795 27x320 1,288,793
OPIPATIZI 15305154QB:
Contractual services 221,000 200,955 20,043 160,054
Claims 1,306,273 1,332,461 173,812 _kraal?
TD711, L OPIINAT180 =MOUES 1,727,273 1,533,.16 193,857 2,335,531
OPERATING 11103M (LASS) (134x798) 66,379 221,177 (1,046,738)
_ NONOPERATING REVENUES:
Miscellaneous 0 2,726 2,726 53,891
Cobra Revenue 0 750 750 928
Recovery of Losses 42,665 122,066 79,401 579,352
,TOTAL NDwOPERATING REVENUES 42,665 125,542 87 634,171
INCOMI (LOBS) BEFORE OPERATING TRUISMS (112,133) 191,921 304,054 (412,367)
OPERATING TRANSFERS - IN - 0
Non-Departmental 112,133 112,124 (9)
NET INCOME (LASS) 2---2 f 304,045 f 304,045 f (412,567)
-97-
- -
COMFIT OF WELD —
SUM OF OTGEPADO
INTERNAL SERVICE FUNDS
PRINTING AND SUPPLY POND -
Schedule of Revenues and !menses Compered with Midget
For The Year Ended Deoeber 31, 1990 With Comparative Maul Mounts for the Year Ended Deoaeher 31, 1989
1990 1990 1990 1989
Budget Actual variance Actual
OPERATING REVARBSt -.
Charge for service 8 11!,844 5 10,237 f (10!,607) f 98,721
Sale of supplies 50,000 1!5,606 95,606 83,718
Other 0 5,000 5,000 30,977
Ivan OPOATING MIMI= 16!,844 160,8!3 (1,001) 213,!16
OPRRBTiNG IDPENSIS:
Personnel eervicee 15,702 35,!07 10,295 46,3!3
Contractual services 6,095 13,367 (7,272) 6,865
Supplies 88,300 69,8!8 18,!52 107,799
Repair and maintenance 13,4!0 16,859 (3,419) 40,9!7
Ocher 0 0 0 204 _
Depreciation 11,307 4,250 7,057 7,912
TOTAL OPERATING EXPENSES 164,8!4 139,731 25,113 210,070
OPERATING INCOME (LOSS) 0 21,112 21,112 3,346
NON OPERATING REVENUE (EXPENSES):
Loss on sale of assets 0 (1,2a6) (I,Z46) (3,340) --
NET INCOME f 0 f 19,866 f 19,866 1_______6
•
-98-
COLORS Or WED
STATE OF OSDNAOD
METER /YV= FONDS
COROT= DICES PDRD
Schedule of Baeeeeee and Expenses Compared with Budget
Tor The Year Boded December 31, 1990
With Comparative Actual Amounts for the Year Ended Deoeeber 31, 1989
1990 1990 1990 1989
Badger Actual Variance Actual
ORATING EIDORDIS:
Charge for service 8 2,124,069 8 2,246,832 8 122,763 . 2,083,274
Other 0 46 46 0
TOTAL OPTR TIIW RRVINUEB 2,124,069 2,246,878 122,809 2,0.3,274
@EATING E PASS:
Personnel services 1,280,883 1,289,787 (8,904) 1,221,392
Contractual services 315,345 307,555 7,790 283,862
Supplies 44,059 66,609 (22,550) 57,711
Papal: and maintenance 100,404 97,728 2,676 98,232
Other 150,312 150,346 (34) 150,728
Depreciattra 397,142 279,658 117,484 ]51,912
TOTAL OPERATING EXPENSES 2,288,145 2,191,683 96,462 a
OPERATING INCCNE (LOSS) (164,076) 55,195 219,271 (80,563)
NOOOPE ATING REVERE (EXPENSES):
Gain on sale of meets 0 14,732 14,732 (38,835)
Interest expense 0 (2,469) (2,469) 0
TOTAL NONOPERATING SEMMES 0 12,263 12,263 (38,835)
INCAS (LOBS) BEFORE OPERATING TRANSPOSE (164,076) 67,458 231,534 (119,398)
°PRATING TRAMPER - IN - .
Non-Departmental 460,000 460,000 0 116,525
NET INCAS (LASS) j 295,924 S 527,658 E 231,534 E (6,873)
-99-
COMITY at WELD
:MATZ OV COILAU DD
xIllAL =VICE VOIDS
IWAIN= FUND
Schedule of Meseaues and Expenses Cuemared with Budget
For The Test Ended December 31, 1990
With Comparative Actual Amounts for the Year Ended December 31, 1989
1990 1990 1990 1989
Budget Actual Variance Antral
OPIRATING REVENUES:
Charges for services f 62,243 f 71,389 f 9,146 f 32,459
°MATING EXPENSES:
Contractual services 3,500 1,583 1,917 1,499
Enpplies 0 1,513 (1,513) 0
Insurance and bonds 474,684 351,170 123,514 517,359
Mass 407,000 116,399 290,601 102,714 -
Other 0 769 (769) 0
TOTAL OPERATING EXPENSES 805,184 471,434 413,750 621,572
OPERRTING INCOME (LOSS) (822,941) (400,045) 422,896 (589,113)
Nt000BR1TING REVENUES:
General property tax 563,483 559,691 (3,792) 544,058
Specific ownership taxes 38,000 40,805 2,505 38,196
Penalties a interest 0 1,975 1,975 0
Earnings on deposits 36,000 49,192 13,192 32,927
Compensation for loss 43,458 48,099 4,641 174,641 -
TOTAL NONOPEAATING REVENUES 680,941 699,762 18,821 789,822
INCOME (LOBS) BEPDAE AERATING TBAN8PE88 (142,000) 299,717 441,717 200,709
OPERATING TRANSFERS - OUT:
Syr (112,124) (112,124) 0 0
NET INCOME (Long) f (254,124) 1 187,593 f 441,717 f 200,709
-100-
_
COMITY OP None
Mtn as cow..00
al. ®!VICE rams
PQ MID
sab.mEle of Revenues and Expenses Compared with Budget
for The Year Ended December 31, 1990
witb Comparative Actual Assets for the Year Ended Oeoeeber 31, 1999
1990 1990 1990 1989
Budget Actual Variance Actual
_. OPtl1ATIN0 NEVANBSE
Charges for services 8 515,779 8 512,900 8 (22,879) S 457,678
OPERATING ESPINSEBE
Personnel services 89,862 88,303 1,559 78,805
Contractual services 243,523 236,827 6,696 215,144
Supplies 2,801 2,293 508 3,886
Repair and esyutdnp 73,105 62,293 10,812 52,133
Other 75,690 29,574 46,116 32,060
Depreciation 30,360 30,933 (575) 68
TOTAL OPERATING EXPENSES 515,341 450,225 65,116 408,440
OPERATING INCOME 20,438 62,675 62,237 49,238
NOECPERATIDO REVENUES (EXPENSES);
Other 0 455 455 0
Gain (loss) on sale of assets 0 0 0 (369)
Interest 0 (39,270) (79,270) (46,032)
TOTAL NOEOPERATINO REVENGES (EXPENSES) 0 (38,815) (38,815) (46,401)
NET INCOME S 20,438 $ 23,860 $ 3,422 $ 2,837
-101-
_. i
Elk
TRU T AND Ac NCY
FUNDS
I
Trust and Age• I Funds are established to rec• transactions relating
to assets held by County in the capacity of t e, custodian or agent
for individuals, g•_' ntal entities and non-publ •rganizations.
•
oto
' t '1R
II
COLORADO
l
i•
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1990
Pension Trust Fund:
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 teh North Colorado Medical Center Board of Trustees,
an autonomous board responsible for administering the operations o£
the hospital.
Employee Flexible Spending Fund:
This fund accounts for the voluntary tax sheltered payment of
unreimbursed insurance claims. Employee contribtuions are refunded
upon submission of unreimbursed claims.
Nonexpendable Trust Fund:
Weld County Finance Corporation:
This component unit functions solely to acquire real estate and
construct buildings to lease to the County and others.
Agency Funds:
General Agency Fund:
This fund accounts for all monies collected (primcipally 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. Pursuant to 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.
Emergency Telephone Service:
This fund accounts for the E-911 function in the County which serves
all emergency agencies of the County.
-103-
r
WOKS CV WELD
SIS3 Ot COLORADO
'BUST AND AGENCY FONDS
COMBINING BALANCE SMOLT
December 31, 1990
With Comparative ACtuel Amounts as of Decree 31, 1989
Nomtpendable
Pension Trost Expendable Trust Tryst
Meld County North Colorado Employee Weld
Retirement Medical Flexible Finance
Fund Trust Fund Spending Corporation _
ASSETS
ASSETS: -
Cash and short-term investments 8 164,395 $ 1,231,910 S 28,415 $ 233,769
Investments 27,392,424 0 0 0
Accounts Receivable (Net of allowance
for uncollectlbles) 407,955 10,668 0 0
Due from other County funds 0 0 0 0
Advances to other funds 0 0 0 140,856
Other assets 79,109 0 0 0
Land 0 0 0 698,562
Buildings 0 0 0 1,285,597
Accumelated depreciation 0 0 0 (227,550)
TOTAL ASSETS S 28,043.883 S 1,242,578 S 28.415 S 1,931,216
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable $ 66,350 $ 0 i 9,634 $ 0
Due to other governments 0 0 0 0
Due to other County funds 0 0 18,781 0
Long-term debt 0 0 0 1,584,872
Deferred compensation payable 0 0 0 p
Total Liabilities 66,350 0 28,615 1,584,872
FUND BALANCES:
Reserve for employee benefits 22,253,521 0 0 0
Unreserved 5,724,012 1,242,578 0 346,342
Total Fund Balances 27,977,533 1,262,578 0 366,362
TOTAL LIABILITIES AND FUND BALANCE 1-0.420431-11 S 1.262.578 S 28.4.15 S 1.931.216
-104-
1
Agency Total
General Payroll Deferred Emergency
Agency Agency Compensation Telephone December 31 December 31
Fund Fund Fund Service 1990 1989
$ 2,7!0,107 $ 191,663 $ 0 i 202,424 $ ♦,792,683 i 8,722,696
O 0 1,158,910 0 28,551,336 25,437,590
O 0 0 55,976 474,599 388,212
O 61,505 0 0 41,505 26,{11
O 0 0 0 1{0,856 160,856
O 0 0 0 79,109 72,913
O 0 0 0 498,562 {98,5!2
-. 0 0 0 0 1,285,597 1,285,597
O 0 0 0 (227,SSG) (121,700)
$ 2,760,107 S 233,168 11..a. S 258,600 1-Malin 8 36, 51,117
$ 81,072 $ 232,835 $ 0 $ 0 $ 389,891 i 596,706
2,659,035 0 0 258,600 2,917,635 6,650,979
O 333 0 0 19,116 25,969
O 0 0 0 1,586,872 1,795,132
O 0 1,158,910 0 1,158,910 928,916
2,760,107 233,168 1,158,910 258,600 6,070,222 7,997,702
O 0 0 0 22,253,521 20,213,686
O 0 0 0 7,312,932 8,239,729
O 0 0 0 29,566,653 28,653,615
S 2,760,107 S 233,166 $ 1,158,910 S 258,600 $ 35,636,675 $ 36,651,117
-105-
COUNTY OFICLO
STATE DF CCMCWADO
TRUST AND AGENCY FONOB
PENSION TEOBT FUND
STATEMENT OF REVENUES, EXPENSES AND CRIMES IN MID BALANCES
For The Year Ended December 31, 1990
With Comparative Actual Amounts For The Year Ended Decaebes 31, 1989
Wald County Retirement Fund
1990 1989
OPERATING REVENUES:
Earnings on inveatlICS i 1,424,273 i 3,235,513
Contributions 1,920,878 1,788,132
Total Operating Revenues 3,345,151 5,023,645
OPERATING EXPENSES:
Benefit payments 965,072 864,493
Refunds 311,494 426,608
Audit fees 2,000 3,032
Actuarial fees 58,887 47,202
Trustee fees 100,249 87,336
Other 2,030 487
Total Operating Expense 1,439,732 1,429,158
NET INCC E 1,905,419 3,594,487
FUND BALANCE AT BEGINNING OF YEAR 26,072,114 22,477,627
SAW BALANCE AT END OF YEAR 5 27,977,533 i 26,072,114
-106-
COUNTY Q WELD
SASS CV COLORADO
TRUST AND AGENCY FUNDS
COMBINING STATEMENT Of IRVINUES, 9aiNDITININB AID CHANGES IN FUND BALANCES
ALL EXPENDABLE TRUST FUNS
For The Year Ended December 31, 1990
With Comparative Totals for the Year Ended December 31, 1989
North Colorado EmOlu}ee
Medical Center Flexible December 31 December 31
Trust Fund Spending 1990 1989
REVENUES:
Taxes f 108 f 0 f 108 f 64
Contributions 0 208,500 208,500 209,213
Earnings on investments 109,126 0 109,126 193,731
Total Revenues 109,236 208,500 317,734 403,008
EXPENDITURES:
Claims 0 189,719 189,719 200,717
Daher 995,920 18,781 1,014,701 883,382
Total Expenditures 995,920 208,500 1,204,420 1,084,099
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (886,686) 0 (886,686) (681,091)
FUND BALANCES AT BEGINNING
OF YEAR 2,129,264 0 2,129,264 2,810,355
FUND BALANCE AT END
OF YEAR f 1,242,578 B_________13 f 1,212,578 f 2,129,266
—107-
COUNTY OF MILD
STUB OF COIv9a0O
TRUST AND Anna FUND
NORDRnW.LY OUST FOND
schedule of Revenues, Expenses and Changes in Fend Balance
Far the Year Ended December 31, 1990
With Comparative Actual Amounts For the Year Ended December 31, 1989
1990 1989
Actual Actual
RIVEIU88:
CERRO= FOR SERVICES:
Building leases S 341,065 S 321,476
Other 2,460 101,141
Total Cbargea for Services 343,525 422,617
MISCELLANEOUS:
Earnings on deposits 341 35,081
TOTAL REVENUES 343,866 457,698
EDSENBES: -
CONTRACTUAL SERVICES:
Other 2,182 2,376
DE9RBCIATION: _
Other 105,850 105,850
INTEREST:
Other 141,529 138,335 _
TOTAL EXPENSES 249,561 246,561
NET INCOO 94,305 211,137 --
FUND BALANCE AT BEGINNING OF YEAR 252,037 40,900
FUND BALANCE AT END CZ YEAR S 346.342 f 252.037
-108-
_. -
COUNTY OFMILD
ena a :55101000
CO EINI NG ST mor OR CUE= I0 ANNUS AND LIABILITIES
ALL AGENCY FONDS
For the Year Ended December 31, 1990
Balance Balance
GENERAL AGENCY FUND 1/01/90 Additions Deductions 12/31/90
ABENTS:
Cash 6 4,327,442 6228,812,806 6230,400,143 4 2,740,107
y7a+rr.7mrES:
Accounts payable and duo to other
governments 4 4,327,442 6228,812,808 6230,400,143 6 2,740,107
PAYROLL AGENCY FUND
ASSETS:
Cash and due from other County funds 6 475,650 6 18,013,612 6 18,256,094 6 233,168
LIABILITIES:
Accounts payable and due to
other County funds 6 475,650 6 18,013,612 6 18,256,094 6 233,168
DEMME COMPENSATION FUND
ASSETS:
Investments 6 944,402 4 421,361 4 206,853 6 1,158,910
LLABILITIES:
Deferred compensation payable 6 944,402 6 421,361 6 206,853 4 1,158,910
NTERGENCY TELEPHONE SERVICE
ASSETS:
Cash and receivables 4 321,780 6 528,914 6 594,294 4 258,400
LIABILITIES:
—. Due to other governments 6 323,780 4 528,914 6 594,294 6 258,400
TOTAL - ALL AGENCY FUNDS
TOTAL ASSETS 6 6,071,274 6247,776,695 4249,457,084 6 4,390,505
TYPAL LIABILITIES 4 6,071,274 4247,776,695 4249,457,084 4 4,390,585
-109-
.__ � __
COLORADO
i
GENE AL FIXED SSETS
A I OUNT G ' () Up
Investments property and equipment, a •t for those of the
Internal Service s, are recorded in this accou. _roup.
•p
1 �
0
CDUBTT or MELD
STUB or COLONS:0
DMIIRPAL rum AUNTS accrue amp
SCS1DOLt Cr OYOUIL RD= ABYTS - ST 8001 CE
December 31, 1990 With Comparative Totals as of December 31, 1989
0�01L F710ID AMTS. 1990 1989
Land
Buildings i 3,040,338 8 3,040,338
19,036,325 18,919,772
eta other than buildings 797,290 763,030
wOhinery and equipment 3,986,610 3,557,393
Construction in progress
422,260 57,417
ICTIL ASSSTS
E 26k878,I'23 $.15,877,950
INUISTIOIP16 IA IB ISAhL FIXED ASSETS FROM:
Current Revenue
$ 17,033,662 $ 16,155,736
Gifts and Grants
1,896,046 1,703,099
Federal Revenue Sharing 7,949,115 7,949,115
TOTAL INVESTMENT IS CUDOIR L FIXED ASSETS 7 26,878 823 8 25,837,950
—111-
- .—
COUNTY OF WELD _.
sura OF COLORADO
SAL PM= ASSETS
SC®OLE OF camas FI7® man - HY FUNCTION AND ACTIVITY
December 31, 1990 With Cooperative Totals by Function at December 31, 1989
Land Equipment A Construction Total
Land Improvements Buildings Furniture In Progress 1990 1989
GINIRAL GOVERNMENT:
County Mainstream' 8 0 8 0 8 0 E 15,437 f 0 8 15,437 8 14,898
Clerk to the Beard 0 0 0 28,145 0 28,145 20,177
County Attorney 0 0 0 5,653 0 5,653 6,902
Planning and zoning 0 0 0 9,049 0 9,049 11,091
General accounting 0 0 0 2,932 0 2,932 2,968
Financial administration 0 0 0 92,732 0 92,732 57,932
County Clerk 0 0 0 348,889 0 348,889 292,582
lunation* and registration 0 0 0 20,905 0 20,905 20,905 -
County Treasurer 0 0 0 19,982 0 19,982 19,982
County Assessor 0 0 0 40,065 0 40,065 36,783
County Council 0 0 0 1,207 0 1,207 1,207
Personnel 0 0 0 4,313 0 4,313 4,313 --
Maintenance of buildings/groan 0' 0 0 51,446 0 51,446 35,704
Communications Services 0 0 0 569,093 422,260 991,353 582,916
Purchasing 0 0 0 5,472 0 5,472 2,187
Other 0 0 0 82,277 0 82,277 77,610
Buildings 2,648,030 127,251 15,720,666 271,485 0 18,767,432 18,751,265
TOTAL GENERAL GOVERNMENT 2,648,030 127,251 15,720,666 1,569,082 422,260 20,487,289 19,939,422
JUDICIAL:
District Attorney 0 0 0 26,001 0 26,081 40,078
PUBLIC SAFETY:
Sheriff administration 0 0 0 273,162 0 273,162 248,311
County Coroner 0 0 0 950 0 950 0
Building inspection 0 0 0 621 0 621 621
Office of Emergency Management 0 0 0 44,018 0 44,018 44,018
TOTAL PUBLIC SAFETY 0 0 0 318,751 0 318,751 292,950
VALIB AND HOSPITALS:
Health 162,369 15,068 134,344 170,646 0 482,427 460,673
Ambulance services 0 7,513 118,599 2,071 0 128,183 128,183
TOTAL HEALTH AND HOSPITALS 162,369 22,581 252,943 172,717 0 610,610 588,856
COUNTY ROADS AID HIGHWAYS:
Highways and streets 0 11,668 0 64,401 0 76,069 69,089
PUBLIC WELFARE:
Public welfare (social services) 170,318 12,629 778,228 194,796 0 1,155,971 1,116,339
AUXILIARY SERVICES:
Extension service 200 0 770,575 11,928 0 782,703 783,635
Exhibition building 0 91,072 225,897 22,014 0 338,983 332,294
Veterans office 0 0 0 747 0 747 747
Missile site park 0 91,310 0 42,157 0 133,467 114,924
Delinquents 4 other institutions 0 0 56,323 624 0 56,947 49,937
Cris control and investigations 0 0 1,440 0 0 1,440 1,440
Libraries 19,207 8,395 917,982 503,703 0 1,449,287 1,434,489
Human Resource 40,214 28,384 312,271 1,049,268 0 1,430,137 1,063,150
General administration 0 0 0 10,341 0 10,341 10,600
TOTAL AUXILIARY SERVICES 59,621 219,161 2,204,488 1,640,784 0 4,204,052 3,791,216
TOTAL GENERAL FIXED ASSETS
ALLCCATED TO FUNCTIONS ISM f 393,290 119,036,325 = 3,986,610 8 422,260 $26,878,823 $25,837,950
-112-
1
COUNTY OF WEID
STATE OF COLaBADO
MERE, FIRED ASSETS
Stier CON088 IN oBNaAL FIXED ASSETS -
BY PUnCTICe AND ACTIVITY
For the Year ended Dori n 31, 1960
General densral
Pined Assets Platt Assets
12/31/89 Additions Deletions 12/31/90
COMERAL 00V :
County Ccomissiaecs $ 14,898 $ 4,623 B 4,084 $ 15,437
Clerk to the Board 20,177 8,623 655 28,145
-- County Attorney 6,902 0 1,249 5,653
Planning and zoning 11,091 0 2,042 9,049
densral accounting 2,968 828 864 2,972
Financial administration 57,932 34,800 0 92,732
County Clerk 292,582 57,135 828 348,889
Elections and registration 20,905 0 0 20,905
County Treasurer 19,982 0 0 19,982
County Assessor 36,783 3,292 0 40,065
- - County Council 1,207 0 0 1,207
Personnel 4,313 0 0 4,313
Malnisnanee of buildings/grounds 35,704 15,742 0 51,446
Communications Services 582,916 452,322 43,885 991,353
Purchasing 2,187 4,608 1,323 5,472
Other 77,610 5,421 754 82,277
Buildings 18,751,265 24,742 8,575 18,767,432
,TOTAL GENPEAL GOVERNMENT 19,939,422 612,126 64,259 20,487,289
JUDICIAL;
District Attorney 40,078 0 13,997 26,081
PUBLIC SAFETY:
Sheriff administration 248,311 29,007 4,156 273,162
County Coroner 0 950 0 950
Building inspection 621 0 0 621
Office of Emergency Management 44,018 0 0 44,018
TOTAL PUBLIC SAFETY 292,950 29,957 4,156 318,751
BPALTH AND XJEAITALS:
Health 460,673 28,161 6,407 482,427
Ambulance cervices 128,183 0 0 128,183
TOTAL HEALTH AND HOSPITALS 588,856 28,161 6,407 610,610
COUNTY 9080E AND BIGIOWS
Highways and streets 69,089 6,980 0 76,069
PUBLIC WELFARE:
Public welfare (social services) 1,116,339 39,632 0 1,155,971
AUXILIARY SERVICES:
Extension service 783,635 0 932 782,703
-- Exhibition Wilding 332,294 6,689 0 338,983
Veterans office 747 0 0 747
Missile sits Park 114,924 22,680 4,137 133,467
Delinquents 6 other institutions 49,937 7,510 500 56,947
Crime control and investigations 1,440 0 0 1,440
Libraries 1,434,489 16,186 1,388 1,449,287
Seas Rescnives 1,063,150 384,861 17,874 1,430,137
General administration 10,600 1,769 2,028 10,341
— TOTAL =CILIARY SERVICES ,3,791,216 439,695 26,859 4,204,052
TOTAL GENERAL PIS® MASTS
A rmamm TO FUNCTIONS S 25,837,950 S 1,156,551 S 115,679 8 26,8 ,79823
-1 1 3-
COLORADO
GEN on ' AL LON r TERM
DEBT CCOUNT ROUP
Sick and vacs accrual for Governmental F types are recorded in
this fund.
0 siit „ ,} �
- 1I
0
-
COLORADO
i
cowryODIC
STUB OF COLORADO
OYm1AL LONG-T=4 DM ACCOUNT awn
SC®uLs OF OPAL LORO-TW4 DIET
December 31, 1990
With Curative Actual Amounts as o1 December 31, 19119
1990 1969
AMOUNTS TO RR PROVIDED FOR RSTIA81mIT
OF GRIMM LONG-TERN DEBT S 1,451,379 f 1,553,903
LIABILITIES:
Special asswamsct bonds payable S 400,000 f 500,000
Vacation and sick-leave accrual 996,904 962,359
Phone system capital lease 54,475 91,544
Total General Long-Tara Debt 1.--k,451,779 f 1,553,903
—11 5-
sistri.4
VIII e.
COIgAAOp
i
TATI STI C L
SECTION
0
COLORADO•LOR
COUNTY OT WED
STATE OT COLORADO
Tables Relating to Hooded Debt
(Unaudited)
December 11, 1990
BOTBt
Weld Canty is without bonded debt and, accordingly, the following statistical tables are net Ptmsentedi
A. Ratio of Net General Bonded Debt to Assessed Valise end Bet Bonded Debt Per
Capita - List Ten Years
B. Ratio of Annul Debt Service for General Hooded Debt to Total General
Expenditures - List Ten Years
C. Revenue Bond Coverage - Rest Ten Years
—117-
_ _. _. -
=err 0y SAD
STATE OR COLORADO
General Governmental Expenditures by !Unction
(Unaudited)
Last Ten Years —
County Public
General Public Roach i Health i
Year Government Safety 8ieways Welfare
1981 $ 5,403,963 8 3,525,539 8 6.811,742 $13,783,902
1982 $ 5,400,021 f 5.229.851 $ 6,997,923 812.875,917
1983 f 5,725,137 8 5,575,881 8 7,716,877 813,961,545
1984 8 6.082.536 86,294,660 8 8,136.114 813.799,706
1985 8 6,120.744 8 7,283,096 8 8.547,979 813.748,609
1986 8 6,516,851 8 7,272.935 8 8.505,739 814,660,502
1987 8 6,819,165 8 6.924,599 8 9,876.346 814,789,034
1988 $ 7,251,985 8 7,869,950 68,292,283 820,156,719
1989 $ 7,244,820 $ 8,607,683 810,371,933 820,693,130
1990 8 8,112,753 8 9.749,362 811,147,191 823,641,401
General Revenue by Source
(Unaudited)
Lest Ten. Years
Licenses Intergovernmental
Year Taxes and Pinata Revenue
1981 8 12,947,563 8 400,670 8 20,283,181
1982 8 13.166.821 8 463,542 8 17,204,249
1983 8 14.467.200 $ 635,645 8 18,679,901 --
1984 8 15.932.964 8 669,934 8 19,284,616
1985 8 16.308,828 8 716,130 8 19,890.173
1986 8 17.888.662 8 581,360 8 20,720,989
1987 8 18,846,835 8 613,026 8 20,789,309
1988 8 19,614,179 8 575,744 $ 27,359,869
1989 8 21.192,869 8 608,224 8 29,296,166
1990 $ 22,300,072 8 597,294 8 34,488,199
-118-
Auxiliary i ary Debt latragooaraental Total
Services** Capital Outlay Service Expenditures !Miscellaneous Expenditures
8 6,287,607 8 591,188 8 • 8 83,594 8 -0- 8 36,487,535
8 3,709,018 8 485,735 8 * 8 375,305 $ 338,637 $ 35,412,407
_ $ 3,856,846 8 379,684 S 2,274 8 431,789 8 685,246 8 38,335,279
8 3,954,896 8 1,347,365 81,018,741 8 415,102 8 1,074,232 8 42,123,352
8 4,596,197 8 1,515,560 8 88.300 8 465,517 8 1,647,113 8 44,013,317
8 4,234.193 $ 1,397,988 8 252,753 8 488.119 i 1.401,846 8 44.730.926
8 4,733,582 8 1,637,272 8 200.263 8 594,982 8 3.530,550 8 49,127,728
8 6.261,841 8 3,740,305 8 242,953 8 720.201 8 2.251.269 8 56,787,506
8 7,194,666 8 2,126.620 8 467,344 8 788,412 8 1,987.768 8 59.482.376
8 8,528,763 8 679,565 8 485,929 8 741,208 8 1.713,701 8 64,799,873
* 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, and Expendable Trust Funds.
Charges for Flores and Nisallanww
Services Forfeitures Raveae Fees Total Revenue
8 1,931,937 8 3.108 $ 2,951,603 8 -0- 8 38,518,062
8 1,151,453 8 6.792 8 2,995.740 $ 1,160,740 8 36,149,337
8 1.406,359 8 26,667 8 2.543,940 8 1,305,116 8 39,064,828
8 1,541,520 8 37.592 8 3,948,342 8 1,533,455 8 42.948,423
8 1,673,283 8 78.261 $ 3.756.703 8 1.631,937 8 44,055,315
8 1,742,650 8 67,198 8 3.775,144 8 1,680,356 8 46.456,359
- 8 1,149.717 8 76.465 8 5.915,868 8 1,711.894 8 49.103,114
8 1.632,229 8 35,469 8 5,552,233 8 1,693,026 8 56,462.749
8 1,952,168 8 66,635 8 4,977,219 8 1,896,373 8 59,989,654
8 2,102,201 8 66,941 8 4.502,642 8 2,221,264 8 66,278,613
General revenue includes revenue of General, Special Revenue. Capital Projects and Expendable Trust funds.
-1 1 9-
carry OP RBID
Bra DP oo1DR.Do
nup..N Vale, Construction, Bacot Deposits
and Other Econeaic Indicators
(Unaudited)
Let Eight Mars
1983 1984 1985 1986 1987 1988 1989 1990
Property Value -
estimated actual
value (millions) 8 4,024.4 8 3,835.0 8 4,133.7 8 4,225.0 8 5,281.1 8 5,777.3 8 5,771.6 83,572.7
Building Partite 2,699 2,450 2,319 2,111 2,131 1,836 1,999 1,670
Estimated
Construction
(millions) 8 13.0 * • • • 8 30.2 * 8 65.9
Bads Deposits
(millions) $ 664.5 * 8 985.4 * • • * 8 893.2
Retail Sales
(millions) 8 1,023.0 8 1,022.9 8 1,118.0 8 1,044.1 * * * 81,349.8
Value of Crop
Production
(millions) 8 184.6 8 284.5 8 191.0 * * * • *
• Information not available.
-120-
i
cairn OY WED
STATE OF caro1ADO
Property Tea levies and Collections
(Unaudited)
Lest Ten Yeats
Total
Total Current Percent Delinquent Total Ontstaoding
Levy Collection Original Tax Ts: of Levy Tea Tax Delinquent
Year Tsar Levy Collections Collected Collections Collections Taxes
1980 1981 $ 12,622,216 8 12,596,620 99.68 8 39,303 $ 12,635,923 8 52,053
1981 1982 8 13,252,865 8 13,169,249 99.37 8 81,490 8 13,730,739 8 69,656
1982 1983 8 14,399,731 8 14,307,719 99.36 8 97,625 8 14,405,344 8154,546
1983 1984 8 15,119,720 8 14,985,503 99.11 8131,428 8 15,116,931 8212,504
1984 1985 8 15,875,706 8 15,469,833 97.44 8 28,931 8 15,498,764 8307,203
1985 1986 8 17,147,925 8 17,013,025 99.20 8 84,065 8 17,097,090 8404,559
1986 1987 8 18,005,273 8 17,756,037 98.60 8296,802 8 18,052,839 8439,749
1987 1988 8 18,931,528 8 18,506,143 97.75 8 66,022 8 18,572,165 8376,500
1988 1989 8 20,534,080 8 20,153,920 98.15 8 61,419 8 20,215,339 8420,669
1989 1990 8 21,336,977 8 21,037,446 98.60 8 63,054 8 21,100,500 8862,040 (3)
As d and Estimated Actual Value of Taxable Property
(Unaudited)
Lest Ten Years
Mal Property (1) Personal Property (2) Total
Levy Assessed Estimated Assessed Estimated Assessed Estimated
Year Value Actual Value Value Actual Value Value Actual Value
1981 8 555,820,990 $1,852,736,633 8 176,028,980 $ 1,173,526,533 8 731,849,970 83.026,263,166
1982 8 685.414,640 82,284,715.466 8 86,357,130 8 713,785,433 8 771,771.770 82,998,500.899
1983 8 778.637,950 83.707,799,761 8 91,815,550 8 316,605,345 8 870,453,500 84,024,405.106
1984 8 764,916,130 83,642.457,761 8 55.831,700 8 192,523,103 8 820,747,830 83.834,980,864
1985 8 819,535.750 83,902.551,190 8 67,028,500 8 231,132,759 8 886,364,250 84,133,683,949
1986 8 836,455,500 83,983,121.428 8 70,154,400 8 241,911,724 $ 906,609,900 84,225,033.152
1987 8 899.649,790 84,998,054,388 8 82,078,810 8 283,030,379 8 981.728,600 85,281,084.767
1988 8 876,322,790 85,477,017,437 8 87,082.300 8 300,283,793 8 963,405,090 85,777,301,230
1989 8 815,536,790 85,436,911,933 $ 97,066,530 8 334,712,172 8 912,603,320 85.771,624,105
1990 8 807.052,260 85.627,979,497 $ 99,979.210 8 344,755,897 8 907,031,470 85,972,735.394
(1) Residential improved land and improvements at 14.342 of 1989 to June 30, 1990 replacement costs, as
determined by State law.
(2) Consortial improved land, improvements, and personal property at 292 of 1989 to June 30, 1990 replacement
costs, as determined by State law.
(3) Total includes audit of oil and gas values understated by producers in 1990.
—121-
. I
COUNTY or saw
STATE Or COID86D0
Property Tar Bates and Tar Levies - Direct and Overlapping Caoerneents
(Ow,dlted)
last Ten Years
Levy Collection School Junior
Year Year Cities Districts Conaq College Other
Tar Rates
1980 I981 439.790 908.51 17.247 4.11 147.517
1981 1982 460.900 883.48 17.172 4.11 154.620
1982 1983 461.220 866.16 17.172 4.292 L$1.450
1983 1984 490.320 880.14 17.369 4.581 161.059
1984 1985 542.320 918.63 19.342 5.037 111.923
1985 1986 537.259 977.76 19.342 4.981 164.277
1986 3987 571.268 953.48 19.968 5.198 203.204 --
1987 1988 391.248 722.89 17.208 4.542 204.292
1988 1989 445.334 739.67 19.268 5.150 224.839
1989 1990 543.439 770.24 20.892 5.325 198.943
Tar Levies
1980 1981 $3,285,870 832,572,132 812,622,216 82,622,812 82,867,436
1981 1982 83,839,640 835,181,714 813,252,865 82,737,134 83,249,326 --
1982 1983 84,016,593 837,913,573 814,399,734 83.686,486 83,769,629
1983 1984 $4.125.777 841,076,321 815,118,907 83,458,802 83,960.714
1984 1985 84.210,650 842.366,353 815,874,905 83,631.540 83,942,837
1985 1986 84,551,381 848,835.173 817.147,925 83,918.961 85,736.561 _
1986 1987 84,744,921 852,125,601 818,103,186 84,232,066 86.196,320
1987 1988 84.895,718 846,369,646 818,931,528 84.507,157 86.626,435
1988 1989 85,273.090 846.746,481 820,534.080 84,905.770 86,884,119
1989 1990 85,644,875 846,894,420 821.336 977 84,939,571 86,929,833
The basis for the property tar rates is per $1,000 d valuation. _
-122-
.
1
COOIRT OT N%ID
STATE OT OORRADO
Spacial Assessment Collections
(Unaudited)
last Ten Tears
Current Current Ratio of Total
Assessments Assessments Collections Outstanding
Tear Due Collected To Amount Due Assessments
1%2 $ 13,531 $ 13,531 100% $ 14,354
1%3 $ 4,098 $ 4,098 1002
$ 10,256
1%4 $ 1.782 i 1,282 1002 $ 8,974
1%5 (1) $ 2,276 $ 2,236 100% $1,006,738
1%6 (2) $ 102,009 $102,009 100% $ 931,759
1%7 (3) $ 111,543 $111,543 1001
$ 827,272
1988 (4) $ 132,170
1%9 (5) $ 143,626 $ 1
132,170 00% $ 964,373
6 $143,626 100% $ 914,708
1990
( ) $ l94,773 1194,773 1002 $ 794,535
NOTES: (1) Hoed 5 Special Assessment of $1,000,000.
(2) Antelope Hills Special Assssament of $27,030.
_. (3) Indiaahead Special Assessment of $7,056.
(4) Nosthmoor Special Assessmont of $94,272.
(5) Antelope Hills Special Assessment 2 of $16,000. Case Grande/Enchanted Hills Special Assessment of
$150,473. Taus Special Assessment of $27,488.
(6) 71st Avenue Special Assessment of $74.600.
—123-
_ - - ` _ -
cowry or ano
STATE OP CM:MAD°
Computation of Legal Debt Margin
(Unaudited)
December 31, 1990
Assessed Value, 1990 81,011,294,100
Debt Limit 3 Percent o£ Assessed Value 30,338,823 --
Amount of Debt Applicable to Limit&
Total Bonded Debt 8 0
Installment Purchase Agreements 0
Total Amount of Debt Applicable to
Debt Limit 0
Legal Debt Margin immealmallan
Debt Limitations Under Section 30-33-201, Colorado Revised Statutes, 1973, the County may incur indebtedness
for general County purposes in an amount not to emceed 12 of assessed valuation o£ all taxable property. -
-124-
O30117Y OF »
STATE DF COLORADO
DEODCt. APHIC STATISTICS
(Uamedited)
Dem:mbar 31, 1990
1. Population: 1970 - 89,297
1975 - 111.901
1980 - 123,438
1983 - 132.513
1984 - 131,746
1985 - 133.922
1986 - 139,947
1988 - 145,312
1990 - 131,821
2. Estimated Median Aga: 26.7 (1980 Census)
28.5 (1983)
26.7 (1984)
27.8 (1985)
3. Total Personal Income
For Years Available; 1970 - 8 279,766,000
1971 - 8 327,463,000
1972 - 8 380,534,000
1973 - 8 481,301,000
1974 - 8 539,833,000
1975 - 8 597,099,000
1980 - 81,059,311,000
1982 - 81,317,000,000
1984 - 81,317,329,000
1988 - 81,810,807,000
4. Per Capita Income
For Years Available: 1971 - 8 3,527
1972 - 8 3,891
1973 - 8 4,666
1974 - 8 5,054
1975 - 8 5,543
1977 - 8 5,081
1980 - 8 6,505
1982 - 810,411
1984 - 811,501
1988 - 813,296
5. Median Family Income 815,805 (1980 Census)
822,921 (1983)
821,286 (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
1990 - 51,138
Source: Greeley Area Chamber of Counter°. Survey and U.S. Census data.
-125-
._
COMM OF MELD
8761E OF COIDIADD
Principsl Tarpaymrs
(Unaudited)
December 31, 1990
Per Gat
1990 Of Total
Assessed Assessed -
Velaatioa Valuation
Eestmse Kodak Company 636,634,840 3.6022
Public Service Company of Colored° 29,091.200 2.8772 -
Mcoatain States Telephone 13,352,400 1.3202
6T c T 8,372,600 .8482
Metal Container Corp. 8.373.970 .8282
Golden Alt♦i= 8,170,910 .8082
Onion Pacific 6.328,100 .646Z
State Fa Manuel Auto Insurance Company 6,407,290 .6342
Panhandle Eastern Pipeline Company 6,388,600 .6322
Colorado Interstate Gas Company 3,992,700 .3932
8149.332.610 14.7882
-126-
COUNTY DF MU
TEATS OF COLORADO
Miscellaneous Statistics
(Uasudited)
December 31, 1990
I. Date of Ianorporstiens 1861
2. Form of Governments Home Isle Charter
3. Dare Present Charter Adopted Jamuary 1, 1976
4. Area - Square Miles: 4,004 square stiles
5. County Seat: City of Greeley
6. Employees as of December 31, 1990 Elected Officials - 10
Division Beads - 4
Department Beads - 11
Employees with Benefits - 819
Employees without Benefits - 120
7. Miles of Roads: Paved - 558.09
Unpaved - 2,723.37
8. Building Permits: No. of
Year Permits Valuation
1981 1,241 $ 32,851,694
1982 1,865 $ 35,207,497
1983 2,699 $ 51,480,002
1984 2,450 8 44,854,598
1985 2,519 8 37,423,180
1986 2,113 $ 34,964,831
_ 1987 2,131 8 36,787,917
1988 1,836 $ 30,195,777
1989 1,999 f 33,060,864
1990 1,670 8 32,463,224
9. Motor Vehicle Registration: 1981 - 129,159
1982 - 130,952
1983 - 132,458
1984 - 139,521
1985 - 136,444
1986 - 142,204
1987 - 140,445
1988 - 139,743
1989 - 166,937
1990 - 168,921
10. Special Districts within County: 28 - Cities and Towns
17 - Schools
23 - Fire
18 - Water 4 Other
2 - Colleges
13 - Sanitation
11. Cities and Towns: Ault Gilnrest Lechbuie
Brighton Greeley Mead
Decono Grover Milliken
Eaton Hudson New Raymer
Eris Johnstown Nunn
Evans Keenesburg Pierre
Firestone Emote Platteville
Frederick Kersey Severance
Ft. Lupton LaSalle Windsor
Carden City
- 12. Recreation: Golf Course - 6
City and Regional Parka
Island Greve Recreational Complex
Greeley Recreation Center
—12 7-
MITT OF WEIR
STATE OF COLORADO
Miscellaneous Statistics - Continued
(Unaudited)
December 31, 1990
13. Libraries: Ault Town Library 8,000 Volumes
Eaton Library 9.000 Volumes
Glenn A. Jones Library 12,000 Volumes
Greeley Library 100.000 Volumes
Platteville Library 9,467 Volumes
University of No. Colo. 750,000 Volumes -
Veld Library District 187,530 Volumes
Windsor Public Library 38.431 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
1988 General Election 70,325 50,209 71.4
1990 General Election 68,148 37,927 55.6
13. Media Newspapers: The Greeley Tribune
Town i Country News
Aims College World
The Mirror (UNC) _
North Weld Herald
Farmer i Miner
Knene Valley Sun
Johnstown Breeze
Ft. Lupton Press
Platteville Herald
Windsor Beacon
Erie Echo
Ft. Morgan Times -
LaSalle Leader
Platte Valley Voice
The Centennial News
Radio Stations: KFRA/K-SKY KATE
KGRE KVVS
KURD AM i FM UDC
UM FM
Television: Receives commercial and public
television originating from both
Denver and Cheyenne stations;
also cable television.
16. Sales Tax as of December 31, 1989: State - 3%
Source: County offices.
-128-
COUNTY OP WC
STATE OP COLORADO
Insurance In Porte
(Unaudited)
December 31, 1990
Pe11e9 Period Details of Annual
Name of Coupasr Policy iunber Begins bemires Coverage Liability Limits Premiums
Cameral Re-insurance
Corp. (County
Workmrs' Compen-
sation Pool) ID-008 1/01/90 12/13/90 Assess Worker's Employer's Liability
Casualty Corp. Cumponaatiou 81,000,000/Accident
Workers Copensatiom
Statutory Limits with
Pool Rataining First
8350,000 each claim
County retaining first
8100,000 each claim 8 228,552
Trawlers Ins. 1/1/90 1/1/91 Boiler and 810,000.000/Accident
Company INEC729.1882-9-90 Hach—ry 81,000 Deductible
National Union
Piro 6262790 7/1/90 6/30/91 Property Damage, Property: 850.000,000/
(Colorado Automobile Occurrence/8500 Doductibls
Counties Liability, All Liability: 8150,000/
Casualty L General Liability, Person: 8500,000/Claim
Property Pool) Public Officials Excess Liability: (Federal
Liability, Crime and Out-of-State Only)
St. Paul Fire 8850.000/Person Excess
Insurance Co. 10=0060 (Property Only) 8150.000; 8600,000/Claim
(Colorado Excess 840,000
Counties Crimo: 8150,000/Loss
Casualty L 8500 Deductible/
Property Pool) Property Claim
County retaining first
8100.000 each claim 8 173,002
—1 2 9—
__ __ _
COUNT! OP LEID
STATE OP COLORADO
Salaries of Principal Officials
(Unaudited)
December 31, 1990
ELECFlm OFFICIALS.
Commissioners 8 28,000
Clerk 4 Recorder 3211.000
Treasurer $ 28,000
Assessor $ 28.000
Sheriff $ 30,000
District Attorney $ 73,000
APPOINTED.
County Attorney 8 78,425
Director of Planning 8 47,878
Director of Finance and Administration 8 86,589
Director of Building and Grounds $ 50,893
Director of Ambulance Services f 48,227
County Engineer 8 55,520
Director of Social Services 8 64,394
Director of Health Department 8 76,567
Director of Human Resources 8 57,057
Director of Communication Services 8 43,817
Director of Purchasing/Purchasing 8 50,893
Comptroller 8 52,826
Director of Emergency Management 8 26,810
Director of Road and Bridge 8 55,520
Director of Computer Services $ 66,002
Surety Bond Coverage for Principal Officials
(Unaudited)
December 31, 1990
District Attorney i 5,000
Commissioner $ 25,000
Treasurer $ 250,000 _
Sheriff 8 20,000
Assessor f 6,000
Coroner f 5,000
County Clerk 8 25,000
County Clark (Titles 4 Deeds) $ 5,000
Director of Finance and
Administration $ 100,000
Notes All bonds are issued by the St. Paul Insurance Company and are on file _
with the Weld County Clerk and Recorder.
-130-
_
COUNTY OF WELD
STATE OF COLORADO
PRIVATE PURPOSE RIVI N E BUDS
(Unaudited)
As of December 31, 1990
DDT WIWI BONN
STPE OF ISSUE OVIITAI1DIDG OUTSTANDING
ISSUER FACILITY AMUSE DATE DIGUINING SEAR ISSOm RETIRED END OF TEAR
INDUSTRIAL PIVDDE BONDS:
Evangelical Lutheran
Good Samaritan Soc. Nursing Home 81,400,000 11/79 8 865,000.00 $ -0- $ 75,000.00 $ 790,000.00
Colorado Landfill, Inc. Landfill 1.300,000 1/80 920,000.00 -0- 60,000.00 860,000.00
Nor-Colo Distributors Warehouse 925,000 8/80 590,000.00 -0- 60.000.00 530,000.00
Dr. Hasse Clinic 90.000 2/81 49.624.14 -0- 6,589.27 43.034.87
Dos Gringos Lund Warehouse 380,000 12/82 241,597.27 -0- 25,543.32 216,053.95
Eiseman 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 1,800,000.00 -0- 50,000.00 1,750,000.00
10th Street Investment Office 2,500.000 8/82 2,235,000.00 -0- 70,000.00 2,165,000.00
Gatemay Partnership ' Office 2.800,000 9/83 2,420,000.00 -0- 95,000.00 2,325,000.00
Dayton-Hudson Target Bstail 2,000.000 4/83 800,000.00 -0- 200,000.00 600.000.00
Economy Lumber Retail 705,000 12/83 523,022.88 -0- 523.022.88 0.00
Colorado Counties, Inc. Office 625,000 7/84 595,000.00 -0- 20.000.00 575.000.00
Weld Mental Health Office 650,000 6/84 530,000.00 -0- 25.000.00 505,000.00
APPAL INDUSTRIAL REVENUE BONDS 14,069,244.29 -0- 1,210,155.47 12,859,088.82
MORTGAGE REVENUE BONDS:
Single-Family Revenue
Bonds 1981-Series A $ 7,500,000 12/81 3,625,000.00 -0- 485,000.00 3,140,000.00
GRAND TOTAL.PRIVATE PURPOSE.REVENUE BONDS t17,694i244.29 1:g: 81,695,155.47 811,999,088.82
-13 1-
COUNTY OF BRIO
STATE OF COLORADO
RETIREMENT PLAN
REQUIRED SUwmill:'Tux INIORMATIM
(Ududited)
ANALYSIS OF FUNDING PROGRESS
BERINNLC NET AUErs _.
or NIT ASSETS PENSION IN EXCESS
FISCAL AVAILABLE BENEFIT PERCENT OF PENSION
YEAR FOR BENEFITS OBLIGATION FUNDED OBLIGATION
1981 86,364,130 86,364,130 100.0% 8 -0-
1982 6,747,934 6,747,934 100.0% -0-
1983 9,248,144 7,730,870 119.6% (1,517,274)
1984 11,244,338 7,424,910 151.4% (3,819,428)
1985 12,970,501 9,267,695 140.01 (3,702,806)
1986 16,858,875 10,070,430 167.41 (6,788,445)
1987 20,121,008 15,836,511 127.1% (4,284,497)
1988 20,329,032 18,163,945 111.9% (2,165,087)
1989 22,477,627 20,213,686 111.21 (2,263,941)
1990 26,072,114 22,251,521 117.2% (3,818,593)
The percentage of annual payroll to unfunded obligation la not shorn ea Weld County
Retirement Plan bad no unfunded obligation.
REVENUES BY SOURCE
FOR THE WISER CONTRIBUTIONS
FISCAL AS A PERCENTAGE EMPLOYEE BOWYER INVESTMENT
YEAR OF PAYROLL CONTRIBUTIONS CONTRIBUTIONS INODU TOTAL
1981 4.00% + 2.00% over 8400 526,569 526,569 468,727 1,521,865
1982 4.OOZ . 2.00% over 8400 595,893 595,893 1,074,456 2,266,242
1983 4.00% • 2.00% over 8400 632,054 632,054 1,261,004 2,525,112 -
1984 5.502 666,393 666,393 1,043,786 2,376,572
1985 5.501 708,883 708,883 3,162,758 4,580,524
1986 5.50% 743,931 743,931 2,598,746 4,086,608
1987 6.00% 837,729 837,627 1,844,038 3,519,394 _
1988 6.00% 869,404 869,404 1,697,180 3,435,988
1989 6.OOZ 894,015 894,117 3,235,513 5,023,645
1990 6.001 960,439 960,439 1,424,273 3,345,151
EXPENSES BY TYPE
FOR TEE
FISCAL ADMINISTRATIVE
YEAR BENEFITS EXPENSES REFUNDS TOTAL
1981 178,922 53,405 235,113 467,440
1982 217,167 66,498 220,477 504,142
1981 263,080 84,059 267,431 614,570
1984 316,266 45,162 382,735 744,163
1985 438,398 91,491 192,416 722,305
1986 464,517 116,852 246,809 828,178
1987 602,568 108,459 230,810 941,837
1988 756,332 174,261 356,800 1,287,393
1989 864,493 138,057 426,608 1,429,158
1990 965,072 163,166 311,494 1,439,732
-132-
COUNTS OT DBJD
STATE OF COLORADO
Computation of Overlapping Bonded Dube
General Obligation Bonds
December 31, 1990
Net General
Obligation Pareentage Amount
Bonded Debt Applicable to Applicable to
Jurisdiction oatstandin8 Government Government
Cities i Toms ! 24,639,740 97.SZ ! 24,023.747
Schools 101,909,808 77.4% 78,!78,191
Special Districts 33,922,469 83.3% 44,917,417
Tool OwrlePPieB
! 180.472,017 1-117-.n9.355
-133-
_
COLORADO
i
i
OMPLIAN
SECTION
II'
44-14 a
O
COLORADO
c
R
INDEPENDENT AUDITORS' REPORT ON SUPPLEMENTAL SCHEDULE
OF FEDERAL FINANCIAL ASSISTANCE
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the general purpose financial statements of the County of Weld,
Colorado for the year ended December 31, 1990, and have issued our report thereon
dated May 17, 1991. These general purpose financial statements are the
responsibility of the management of the County. Our responsibility is to express
an opinion on these general purpose financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards
and Government Auditing Standards, issued by the Comptroller General of the
United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the general
purpose financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion.
Our audit was conducted for the purpose of forming an opinion on the general
purpose financial statements of the County taken as a whole. The accompanying
supplemental schedule of federal financial assistance for the year ended
December 31, 1990, which is also the responsibility of the County's management,
is presented for purposes of additional analysis and is not a required part of
the general purpose financial statements. Such supplemental schedule has been
subjected to the auditing procedures applied in our audit 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.
DELOITTE 6 TOUCHE
Denver, Colorado
May 17, 1991
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1 -1 4 5-
VELD COUNTY, COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
For the Year Ended December 31, 1990
SURRENT-YEAR FINDINGS
FINDINGS/NONCOMPLIANCE
Migrant Headstart Program attendance in June (508) , July (648) ,
and August (508) was below the 858 level
required by the federal financial assistance
award.
RECOMMENDATION
As this situation appears to be recurring,
the County should obtain a waiver or
modification of the attendance requirement
during historically low attendance months.
RESPONSE
Low program attendance is primarily a result
of the method used to calculate average daily
attendance. Beginning in 1991, Headstart
will be implementing a new attendance
calculation procedure, which is in compliance
with the Headstart Administration Regulations
Guide, whereby excused absences will be
included in the calculation of average daily
attendance. Substantial increases in average
daily attendance are expected through
implementation of this calculation procedure.
masers FINDINGS/NONCOMPLIANCE
Regular Headstart Program attendance in January (848) , March
(818) , May (838) , September (678) , October
(718) , November (748) , and December (758) was
below the 858 level required by the federal
financial assistance award.
RECOMMENDATION
As this situation appears to be recurring,
the County should obtain a waiver or
modification of the attendance requirement
during historically low attendance months.
-146-
RESPONSE
Low program attendance is primarily a result
of the method used to calculate average daily
attendance. Beginning in 1991, Headstart
will be implementing a new attendance
calculation procedure, which is in compliance
with the Headstart Administration Regulations
Guide, whereby excused absences will be
included in the calculation of average daily
attendance. Substantial increases in average
daily attendance are expected through
implementation of this calculation procedure.
PROGRAM FINDINGS/NONCOMPLIANCE
Headstart Administration Expenditures reported to the State were
$1,880 greater than those recorded in the
general ledger.
RECOMMENDATION
The County should take steps necessary to
assure that amounts reported to the State
properly reflect program expenditures
recorded in the general ledger.
RESPONSE
Minor differences between the County ledger
and the State reports are due to the
complexity of the State account coding scheme
in relation to the County coding structure.
In addition, timing differences and errors in
data input account for the minor problems
noted in the audit. Since the department
does not have control over the structure of
the State or County accounting systems, some
minor differences will occur in the future.
A monthly reconciliation is completed by the
department accountant which is used to
isolate differences. The County will submit
corrected reports or prepare journal entries
as appropriate.
-147-
PEN= FINDINGS/NONCOMPLIANCE
Day Care Expenditures reported to the State were $300
greater than those recorded in the general
ledger.
RECOMMENDATION
The County should take steps necessary to
assure that amounts reported to the State
properly reflect program expenditures
recorded in the general ledger.
RESPONSE
Minor differences between the County ledger
and the State reports are due to the
complexity of the State account coding scheme
in relation to the County coding structure.
In addition, timing differences and errors in
data input account for the minor problems
noted in the audit. Since the department
does not have control over the structure of
the State or County accounting systems, some
minor differences will occur in the future.
A monthly reconciliation is completed by the
department accountant which is used to
isolate differences. The County will submit
corrected reports or prepare journal entries
as appropriate.
?swam FINDINGS/NONCOMPLIANCE
Headstart Expenditures reported to the State were $100
greater than those recorded in the general
ledger.
RECOMMENDATION
The County should take steps necessary to
assure that amounts reported to the State
properly reflect program expenditures
recorded in the general ledger.
-148-
1_
RESPONSE
Certain expenditures must be estimated
because reports are often submitted before
actual amounts of expenditures are available
to the County. Any differences between
estimated and actual expenditures are
corrected in the following quarter's State
Report.
ZILQR;EM MIDINGS/NONCOMPLIANCE
Job Training Expenditures reported to the State were $700
Partnership Act greater than those recorded in the general
ledger.
RECOMMENDATION
The County should take steps necessary to
assure that amounts reported to the State
properly reflect program expenditures
recorded in the general ledger.
RESPONSE
Certain expenditures must be estimated
because reports are often submitted before
actual amounts of expenditures are available
to the County. Any differences between
estimated and actual expenditures are
corrected in the following quarter's State
Report.
pR(1CIPIA QUESTIONED COST
Headstart The County allocated indirect costs to the
Headstart program which were $16,664 greater
than the amount allowed in the State-approved
indirect cost allocation plan.
RECOMMENDATION
The County should take steps necessary to
assure that the indirect cost allocation
approved by the State is adhered to.
RESPONSE
Efforts are being made to assure the County's
compliance with the approved indirect cost
allocation plan. The Headstart program will
be credited in 1991 for the amount of the
1990 overallocation.
-149-
J-
- - - -- - -
STATUS OF PRIOR-YEAR FINDINGS
BIGRANT HEADSTART
F'INDINGS/NONCOMPLTANCF DISPOSITION
Program attendance in June and July, A waiver has not been obtained, but
1989 was below the 858 level the County is adopting a new
required by the federal financial attendance procedure which should
assistance award. increase attendance levels
substantially through the inclusion
of excused absences in the average
daily attendance calculation.
EgGULAR HEADSTART
FINDINGS/NONCOMPLIANCE DISPOSITION
Program attendance in January, A waiver has not been obtained, but
October, and December, 1989 was the County is adopting a new
below the 858 level required by the attendance procedure which should
federal financial assistance award. increase attendance levels
substantially through the inclusion
of excused absences in the average
daily attendance calculation.
AID TO FAMILIES WITH
DEPENDENT CHILDREN
FINDINGS/NONCOMPLIANCE DISPOSITION
Expenditure amounts reported to the Although many differences between
State were different than the County ledger and the reports
expenditures recorded on the will continue to occur due to the
County's general ledger. In total, complexity of the State account
expenditures report to the State coding scheme in relation to the
were approximately $350 more than County coding structure, timing
the expenditures recorded in the differences and errors in data
general ledger. input, the County is performing
monthly reconciliations to isolate
any differences and will correct or
adjust its reports or general ledger
as necessary.
-150-
,$OCL9L SERVICES ADMINISTRATION
FINDINCS/NONCOMPLIANCF, DISPOSITION
Expenditure amounts reported to the Although many differences between
State were different than the County ledger and the reports
expenditures recorded on the will continue to occur due to the
County's general ledger. In total, complexity of the State account
expenditures reported to the State coding scheme in relation to the
were approximately $165 more than County coding structure, timing
the expenditures recorded in the differences and errors in data
general ledger. input, the County is performing
monthly reconciliations to isolate
any differences and will correct or
adjust its reports or general ledger
as necessary.
-151-
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH
SPECIFIC REQUIREMENTS APPLICABLE TO BOTH MAJOR
AUD NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS
Board of County Commissioners -
County of Weld, Colorado
Greeley, Colorado
We have audited the County of Weld, Colorado's compliance with the requirements
governing types of services allowed or unallowed; eligibility; matching, level of
effort or earmarking; reporting; claims for advances and reimbursements; and —
amounts claimed or used for matching that are applicable to each of its major
federal financial assistance programs, which are identified in the accompanying
schedule of federal financial assistance, for the year ended December 31, 1990.
The management of the County is responsible for the County's compliance with
those requirements. Our responsibility is to express an opinion on compliance
with those requirements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards,
Government Auditing Standards, issued by the Comptroller General of the United
States, and Office of Management and Budget Circular A-128, "Audits of State and
Local Governments." Those standards and OMB Circular A-128 require that we plan
and perform the audit to obtain reasonable assurance about whether material
noncompliance with the requirements referred to above occurred. An audit
includes examining, on a test basis, evidence about the County's compliance with
those requirements. We believe that our audit provides a reasonable basis for
our opinion.
The results of our audit procedures disclosed immaterial instances of
noncompliance with the requirements referred to above, which are described in the
accompanying schedule of findings and questioned costs. We considered these
instances of noncompliance in forming our opinion on compliance, which is
expressed in the following paragraph.
In our opinion, the County complied, in all material respects, with the
requirements governing types of services allowed or unallowed; eligibility;
matching, level of effort or earmarking; reporting; claims for advances and
reimbursements; and amounts claimed or used for matching that are applicable to
each of its major federal financial assistance programs for the year ended
December 31, 1990.
-152-
Board of County Commissioners
County of Weld, Colorado
Page 2
In connection with our audit of the 1990 general purpose financial statements of
the County and with our study and evaluation of the County's internal control
structures used to administer federal financial assistance programs, as required
by Office of Management and Budget Circular A-128, "Audits of State and Local
Governments," we selected certain transactions applicable to certain nonmajor
federal financial assistance programs for the year ended December 31, 1990.
As required by OMB Circular A-128, we have performed auditing procedures to test
compliance with the requirements governing types of services allowed or unallowed
and eligibility that are applicable to these transactions. Our procedures were
substantially less in scope than an audit, the objective of which is the
expression of an opinion on the County's compliance with these requirements.
Accordingly, we do not express such an opinion.
With respect to the items tested, the results of those procedures disclosed no
material instances of noncompliance with the requirements listed in the preceding
paragraph. With respect to items not tested, nothing came to our attention that
caused us to believe that the County had not complied, in all material respects,
with those requirements. However, the results of our procedures disclosed
immaterial instances of noncompliance with those requirements, which are
described in the accompanying schedule of findings and questioned costs.
This report is intended for the information of the Board of County Commissioners
and others within the County, and officials of applicable federal and state
agencies. This restriction is not intended to limit the distribution of this
report, which is a matter of public record.
#30041.�r�ae
DELOITTE & TOUCHE
Denver, Colorado
May 17, 1991
-153-
T
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH
THE GENERAL REQUIREMENTS APPLICABLE TO MAJOR
FEDERAL FINANCIAL ASSISTANCE PROGRAMS
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have applied procedures to test the County of Weld, Colorado's compliance with
the following requirements applicable to each of its major federal financial
assistance programs, which are identified in the schedule of federal financial
assistance, for the year ended December 31, 1990:
. Political activity
. Davis-Bacon Act
. Civil rights
. Cash management
. Relocation assistance and real property acquisition
. Federal financial reports
. Drug-free workplace
Our procedures were limited to the applicable procedures described in Office of
Management and Budget's Compliance Supplement for Single Audits of State and
Local Governments. Our procedures were substantially less in scope than an
audit, the objective of which is the expression of an opinion on the County's
compliance with the requirements listed in the preceding paragraph. Accordingly,
we do not express such an opinion.
With respect to the items tested, the results of those procedures disclosed no
material instances of noncompliance with the requirements listed in the first
paragraph of this report. With respect to items not tested, nothing came to our
attention that caused us to believe that the County had not complied, in all
material respects, with those requirements. However, the results of our
procedures disclosed immaterial instances of noncompliance with those
requirements, which are described in the accompanying schedule of findings and
questioned costs.
This report is intended for the information of the Board of County Commissioners
and others within the County, and officials of applicable federal and state
agencies. This restriction is not intended to limit the distribution of this
report, which is a matter of public record.
4e4101:4 9/�e
DELOITTE & TOUCHE
Denver, Colorado
-154-
May 17, 1991
f
INDEPENDENT AUDITORS' REPORT ON THE INTERNAL CONTROL STRUCTURE
USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the general purpose financial statements of the County of
Weld, Colorado, as of and for the year ended December 31, 1990, and have
issued our report thereon dated May 17, 1991. We have also audited the
County's compliance with requirements applicable to major federal financial
assistance programs and have issued our report thereon dated May 17, 1991.
We conducted our audit in accordance with generally accepted auditing
standards; Government Auditing Standards, issued by the Comptroller General of
the United States; and Office of Management and Budget (OMB) Circular A-128,
Audits of State and Local Governments. Those standards and OMB Circular
A-128 require that we plan and perform the audit to obtain reasonable
assurance about whether the general purpose financial statements are free of
material misstatement and about whether the County complied with laws and
regulations, noncompliance with which would be material to a major federal
financial assistance program.
In planning and performing our audit for the year ended December 31, 1990, we
considered the County's internal control structure in order to determine our
auditing procedures for the purpose of expressing our opinion on the County's
general purpose financial statements and on its compliance with requirements
applicable to major programs and not to provide assurance on the internal
control structure. This report addresses our consideration of internal
control structure policies and procedures relevant to compliance with
requirements applicable to federal financial assistance programs. We have
addressed policies and procedures relevant to our audit of the general purpose
financial statements in a separate report dated May 17, 1991.
The management of the County is responsible for establishing and maintaining
an internal control structure. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits and
related costs of internal control structure policies and procedures. The
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against
loss from unauthorized use or disposition, that transactions are executed in
-155-
f_-
Board of County Commissioners
County of Weld, Colorado
Page 2
accordance with management's authorization and recorded properly to permit the
preparation of general purpose financial statements in accordance with
generally accepted accounting principles, and that federal financial
assistance programs are managed in compliance with applicable laws and
regulations. Because of inherent limitations in any internal control
structure, errors, irregularities, or instances of noncompliance may
nevertheless occur and not be detected. Also, projection of any evaluation of
the structure to future periods is subject to the risk that procedures may
become inadequate because of changes in conditions or that the effectiveness
of the design and operation of policies and procedures may deteriorate.
For the purpose of this report, we have classified the significant internal
control structure policies and procedures used in administering federal
financial assistance programs in the following categories:
pccounting_ Aoolications Administrative Controls
. Billings . General Requirements
. Receivables . . Political activity
. Cash receipts . . Davis-Bacon Act
. Purchasing and receiving . . Civil rights
. Accounts payable . . Cash management
. Cash disbursements . . Relocation assistance and
. Payroll real property management
. Inventory control . . Federal financial reports
. Property and equipment . . Drug-free workplace
. General ledger
. Specific Requirements
. . Types of services
. . Eligibility
. . Matching, level of effort,
or earmarking
. . Reporting
. . Cost allocation
. . Special requirements, if any
For all of the internal control structure categories listed above, we obtained
an understanding of the design of relevant policies and procedures and
determined whether they have been placed in operation, and we assessed control
risk.
During the year ended December 31, 1990, the County expended 72 percent of its
total federal financial assistance under major federal finance assistance
programs.
-156-
Board of County Commissioners
County of Weld, Colorado
Page 3
We performed tests of controls, as required by OMB Circular A-128, to evaluate
the effectiveness of the design and operation of internal control structure
policies and procedures that we considered relevant to preventing or detecting
material noncompliance with specific requirements, general requirements, and
requirements governing claims for advances and reimbursements and amounts
claimed or used for matching that are applicable to each of this County's major
federal financial assistance programs, which are identified in the accompany
schedule of federal financial assistance. Our procedures were less in scope
than would be necessary to render an opinion on these internal control
structure policies and procedures. Accordingly, we do not express such an
opinion.
A material weakness is a condition in which the design or operation of one or
more of the internal control structure elements does not reduce to a
relatively low level the risk that noncompliance with laws and regulations
that would be material to a federal financial assistance program may occur and
not be detected within a timely period by employees in the normal course of
performing their assigned functions.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses as defined above. However, we noted no matters involving the
internal control structure and its operation that we believe to be a material
weakness as defined above.
We noted other matters involving the internal control structure and its
operation that we have reported to the management of the County in a separate
letter dated May 17, 1991.
This report is intended for the information of the Board of Commissioners and
others within the County, and officials of applicable federal and state
agencies. This restriction is not intended to limit the distribution of this
report, which is a matter of public record.
iatigete
Denver, Colorado
May 17, 1991
-157-
T
r
INDEPENDENT AUDITORS' COMPLIANCE REPORT BASED ON
AN AUDIT OF GENERAL PURPOSE FINANCIAL STATEMENTS
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the general purpose financial statements of the County of Weld,
Colorado as of December 31, 1990 and for the year then ended, and have issued our
report thereon dated May 17, 1991.
We conducted our audit in accordance with generally accepted auditing standards
and Government Auditing Standards, issued by the Comptroller General of the
United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement.
Compliance with laws, regulations, contracts and grants applicable to the County
is the responsibility of the management of the County. As part of obtaining
reasonable assurance about whether the general purpose financial statements are
free of material misstatement, we performed tests of the County's compliance with
certain provisions of laws, regulations, contracts, and grants. However, our
objective was not to provide an opinion on overall compliance with such
provisions.
The results of our tests indicate that, with respect to the items tested, the
County complied, in all material respects, with the provisions referred to in the
preceding paragraph. With respect to items not tested, nothing came to our
attention that caused us to believe that the County had not complied, in all
material respects, with those provisions.
This report is intended for the information of the Board of County Commissioners
and others within the County, and officials of applicable federal and state
agencies. This restriction is not intended to limit the distribution of this
report, which is a matter of public record.
Alta 9-9-74;14-Cie
DELOITTE & TOUCHE
Denver, Colorado -158-
May 17, 1991
r�*�cpENDEN"' AUDITORS' REPORT ON THE 7NTE_RNnL CONTROL STRUCTLn+F.
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the general purpose financial statements of the County of Weld,
Colorado (County) as of and for the year ended December 31, 1990, and have issued
our report thereon dated May 17, 1991.
We conducted our audit in accordance with generally accepted auditing standards
and Government Auditing Standards, issued by the Comptroller General of the
United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement.
In planning and performing our audit of the general purpose financial statements
of the County. for the year ended December 31, 1990, we considered its internal
control structure in order to determine our auditing procedures for the purpose
of expressing our opinion on the general purpose financial statements and not to
provide assurance on the internal control structure.
A description of the responsibility of management for establishing and
maintaining the internal control structure, and the objectives of and inherent
limitations in such a structure, is set forth in the attached Appendix, and
should be read in conjunction with this letter.
For the purpose of this report, we have classified the significant internal
control structure policies and procedures in the following categories:
pccountine Applications Administrative Controls
. Billings . General Requirements
. Receivables . . Political activity
. Cash receipts . . Davis-Bacon Act
. Purchasing and receiving . . Civil rights
. Accounts payable . . Cash management
. Cash disbursements . . Relocation assistance and real
. Payroll property management
. Inventory control . . Federal financial reports
. Property and equipment . . Drug-free workplace
. General ledger
. Specific Requirements
. . Types of services
. . Eligibility
. . Matching, level of effort,
or earmarking
. . Reporting
. . Cost allocation
. . Special requirements, if any
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Board of County Commissioners
County of Weld, Colorado
Page 2
For all of the internal control structure categories listed above, we obtained an
understanding of the design of relevant policies and procedures and whether they
have been placed in operation, and we assessed control risk.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weakn under standards established by the American Institute of Certified
Public Accountants. A material weakness is a reportable condition in which the
design or operation of one or more of the specific internal control structure
elements does not reduce to a relatively low level the risk that errors or
irregularities in amounts that would be material in relation to the general
purpose financial statements being audited may occur and not be detected within a
timely period by employees in the normal course of performing their assigned
functions. We noted no matters involving the internal control structure and its
operation that we consider to be material weaknesses as defined above.
However, we noted certain matters involving the internal control structure and
its operation that we have reported to the management of the County in a separate
communication dated May 17, 1991.
This report is intended for the information of the Board of County Commissioners
and others within the County, and officials of applicable federal and state
agencies. This restriction is not intended to limit the distribution of this
report, which is a matter of public record.
Aleatt 7;t4 cite
DELOITTE & TOUCHE
Denver, Colorado
May 17, 1991
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AP MIS
MANAGEMENT'S RESPONSIBILITY FOR, AND THE OBJECTIVES
AND LIMITATIONS OF. THE INTERNAL CONTROL STRUCTURE
The following comments concerning management's responsibility for the internal
control structure and the objectives of and the inherent limitations in the
internal control structure are adapted from the Statements on Auditing Standards
of the American Institute of Certified Public Accountants.
Management's Responsibility
Management is responsible for establishing and maintaining the internal control
structure. In fulfilling this responsibility, estimates and judgments by
- management are required to assess the expected benefits and related costs of
internal control structure policies and procedures.
Obiectives
The objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from unauthorized use or disposition, and that transactions are executed in
accordance with management's authorization and recorded properly to permit the
preparation of financial statements in accordance with generally accepted
accounting principles.
Limitations
Because of inherent limitations in any internal control structure, errors or
irregularities may nevertheless occur and not be detected. Also, projection of
any evaluation of the structure to future periods is subject to the risk that
procedures may become inadequate because of changes in conditions or that the
effectiveness of the design and operation of policies and procedures may
deteriorate.
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