The URL can be used to link to this page

Browse Search

Home My WebLink About940957.tiff COMPREHENSIVE ANNUAL FINANCIAL#0111 REPORT WIIle COLORADO Year Ended December 31 , 1993 COUNTY OF WELD STATE of COLORADO 940957 COMPREHENSIVE ANNUAL FINANCIAL REPORT COUNTY OF WELD STATE OF COLORADO YEAR ENDED DECEMBER 31, 1993 Issued by: Department of Finance & Administration Donald D. Warden, Director Finance and Administration INTRODUCTORY SECTION ‘st4ril Wilk COLORADO 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 24 Organization Chart 25 Principal County Officials 26 FINANCIAL SECTION INDEPENDENT AUDITORS' REPORT 27 GENERAL PURPOSE FINANCIAL STATEMENTS COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS . . . . 30 COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS 32 COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - ALL GOVERNMENTAL FUND TYPES 33 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 FUNDS 35 NOTES TO FINANCIAL STATEMENTS 36 COMBINING, INDIVIDUAL FUND AND INDIVIDUAL ACCOUNT GROUP FINANCIAL STATEMENTS AND SCHEDULES GENERAL FUND BALANCE SHEETS 60 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE, BUDGET AND ACTUAL 61 SPECIAL REVENUE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS 66 COMBINING BALANCE SHEET 67 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 69 (1) TABLE OF CONTENTS - (CONTINUED) Page SPECIAL REVENUE FUNDS (Continued) : Public Works Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 71 Social Services Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 73 Conservation Trust Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 75 Contingent Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 76 Emergency Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 77 Public Health Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 78 Human Resources Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 79 Solid Waste Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 81 Housing Authority Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 82 CAPITAL PROJECTS FUND EXPLANATION OF INDIVIDUAL FUND 84 BALANCE SHEETS 85 CAPITAL EXPENDITURES FUND - STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE, BUDGET AND ACTUAL 86 ENTERPRISE FUND EXPLANATION OF INDIVIDUAL FUND 88 (2) TABLE OF CONTENTS - (CONTINUED) Page ENTERPRISE FUND (Continued) : BALANCE SHEETS 89 AMBULANCE FUND - STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS, BUDGET AND ACTUAL 90 INTERNAL SERVICE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS 92 COMBINING BALANCE SHEET 93 COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS 95 COMBINING STATEMENT OF CASH FLOWS 97 Motor Vehicle Fund - Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual 99 Health Insurance Fund - Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual 100 ` Printing and Supply Fund - Statement of Revenues, ti Expenses and Changes in Retained Earnings, Budget and Actual 101 Computer Services Fund - Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual 102 $ Insurance Fund - Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual . . . 103 Phone Services Fund - Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual 104 } TRUST AND AGENCY FUNDS A EXPLANATIONS OF INDIVIDUAL FUNDS 106 COMBINING BALANCE SHEET 107 4 STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES - PENSION TRUST FUND 109 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL EXPENDABLE TRUST FUNDS 110 COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND BALANCE - ALL NONEXPENDABLE TRUST FUNDS 111 t (3) TABLE OF CONTENTS - (CONTINUED) Page TRUST AND AGENCY FUNDS (Continued) : COMBINING STATEMENT OF CASH FLOWS - ALL NONEXPENDABLE TRUST FUNDS 112 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS 113 GENERAL FIXED ASSETS ACCOUNT GROUP SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCE 114 SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY . . 115 SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY 116 GENERAL LONG-TERM DEBT ACCOUNT GROUP SCHEDULE OF GENERAL LONG-TERM DEBT 118 STATISTICAL SECTION Tables Relating to Bonded Debt 120 General Governmental Expenditures by Function 121 General Revenue by Source 121 Property Value, Construction, Bank Deposits and Other Economic Indicators 123 Property Tax Levies and Collections 124 Assessed and Estimated Actual Value of Taxable Property 124 Property Tax Rates and Tax Levies - Direct and Overlapping Governments 125 Special Assessment Collections 126 Computation of Legal Debt Margin 127 Demographic Statistics 128 Principal Taxpayers 129 Miscellaneous Statistics 130 Insurance In Force 132 Salaries of Principal Officials 133 Surety Bond Coverage for Principal Officials 133 (4) TABLE OF CONTENTS - (CONTINUED) Page STATISTICAL SECTION (Continued) : Private Purpose Revenue Bonds 134 Retirement Plan Required Supplementary Information 135 Computation of Overlapping Bonded Debt - General Obligation Bonds 136 COMPLIANCE SECTION INDEPENDENT AUDITORS' REPORT ON SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE 138 SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE 139 SCHEDULE OF FINDINGS AND QUESTIONED COSTS 142 INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR AND NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS 143 INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH THE GENERAL REQUIREMENTS APPLICABLE TO FEDERAL FINANCIAL ASSISTANCE PROGRAMS 145 INDEPENDENT AUDITORS' REPORT ON COMPLIANCE 146 INDEPENDENT AUDITORS' COMBINED REPORT ON THE INTERNAL CONTROL STRUCTURE 147 (5) orice VIilic (6) DEPARTMENT OF FINANCE AND ADMINISTRATION 4it PHONE(303)358.4000 EXT.4218 P.O.BOX 758 GREELEY,COLORADO 80632 WUDc. COLQRADO ay 22, 1994 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, 1993, 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 financially accountable to the county. (7) Honorable Board of Commissioners - Continued: The financial statements of the following organizations are included in the accompanying financial statements: • Weld County Housing Authority • Weld County Public Health Board • Weld County Retirement Board • Weld County Finance Corporation • Weld County E-911 Board • Crime Victim Compensation Board The following related organizations are excluded from the accompanying financial statements: • North Colorado Medical Center • Greeley-Weld Airport Authority • Weld Library District Details of the criteria applied and the specific reasons for inclusion or exclusion are contained in the Notes to Financial Statements. 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 Estimates for growth in the country's economic performance for the current year include the following expansions: Real gross domestic product 3. 1% Non-farm employment 1.6% Personal income 5. 7% Pretax corporate profits 14.3% If there is a decline in consumer confidence, increased inflation, increased expectations of higher inflation or some negative change forced on the economy from outside the economy, the forecasts will be too high. (8) Honorable Board of Commissioners - Continued: The Office of State Planning and Budgeting shows the strength of Colorado's economy for the year in the area of jobs created, personal income, retail sales, new car and truck registrations, and foreclosures on homes. Colorado outperformed the nation again this year. Weld County topped the state in the rate of growth in population. There was a 2.3% increase in the population. This percent translates into an increase of 3,000 people. The population increase in 1993 was well above the average, and the number of people who come here will be about the same as last year. The higher population changes the dynamics of the economy. With the majority of these people settling in the most urban areas, the labor market will expand. The higher population also means that more goods and services of all kinds will be demanded. Real estate sales and construction continue to be the leaders in the county's economy. In Greeley the 1993 data for home sales reflects a strong market. There were 1, 118 units sold with an average price of $87, 773. Since last year, the average price of a home rose more than 14%. Since there was a substantially lower rate of local inflation, home ownership provided increased wealth to Greeley families. Apartments in Greeley continued to be in low supply relative to the demand. The vacancy rate continues to be less than 1.5%. As a result of the low vacancy rates, rents on all types of apartments have risen substantially. If all sizes of apartments are lumped together, the average rent would be over $450. For the two-bedroom apartments included in the local consumer price index, the average rent is $405. Construction contracts in Weld County for 1993, as reported by F. W. Dodge, showed a large increase in the construction of residential homes. There was a 57% increase in the value of the contracts, a 56% increase in the number of residential building projects, and a 52.06% increase in the number of square feet. Total value of new construction was $90,636,000. Building permit data for Greeley in 1993 shows that new single family homes are the leading type of construction taking place. In 1993 there were 345 permits issued. The construction activity centers in census tracts 14.01, 14.02, and 14.03. These census tracts are west of 35th Avenue. Weld County's building permit summaries show a 3. 1% increase in the value of permits and a 28. 1% increase in the number of permits. The total valuation for 1993 was $57,388, 000. There was a 12% increase in the permits for residences in the county. (9) Honorable Board of Commissioners - Continued: The construction and real estate markets in the area have been helped by low interest rates. Even through the national business cycle troughed in March 1991, the normal post trough increase in interest rates has not taken place to any great degree. The construction and real estate markets should remain strong as long as interest rates do not rise. They should not rise very much as long as inflation is moderate and expected to be moderate. Oil and gas permits continue to be significant. Oil and gas permits issued by the county rose 75% and the fees collected rose 112%. In 1993 there had been over 700 permits issued. Greeley sales tax collections were 6. 7% more for 1993. Strong construction activity and continued population gains will help maintain strong sales tax collections for Greeley and Colorado. This year's tax revenues were $19.1 million collected by Greeley in 1993. With the increase in cattle on feed on June 1 and with summer slaughter of cattle expected to be about 4% above last year's slaughter, cattle prices will be weak and feeding margins will be tighter throughout the summer. The decline in the price should be lessened by the fact that less red meat was in frozen food storage at the end of May. If the lower prices trickle into the retail market, the quantity of beef demanded will be slightly strengthened. Grains grown in the county face a mixed future. With the harvest of bushels of wheat expected to be 30% greater this year than last and Colorado's bushels harvested expected to rise about the same percent, prices could be weak. The weather and flooding problems that the midwest experienced could improve the market price for grain corn grown in the county. Seasonally unadjusted data for 1993 shows that Greeley and Weld County were not performing the same in terms of the labor market. Greeley had a larger labor force and more people employed in 1993 than in 1992. There was a 3.79% increase in employment in Greeley over the 12 month period of time. This increase is quite healthy. Greeley also had a lower rate of unemployment in 1993 than in 1992 at 4.8% Weld County had a decrease in the labor force and employment. A part of these decreases would have resulted from the more severe winter taking its toll on the more rural residents not being able to find jobs. As a result, some would have gone out of the county, and part of the people who were discouraged about not finding a job would have given up looking for work. (10) Honorable Board of Commissioners - Continued: Table I shows the labor market data (LAUS data) . TABLE I LABOR MARKET DATA 1992 AND 1993 WELD COUNTY GREELEY 1992 1993 1992 1993 Labor force 70,672 68,325 30,835 31, 707 Employment 67,256 65,039 29,072 30, 175 Unemployment 3,416 3,286 1, 763 1,532 Unemployment rate 4.8% 4.8% 5.7% 4.8% Source: Colorado Division of Employment and Training The unemployment rate in Weld County was lower than in Denver, El Paso County, and Pueblo County. MAJOR INITIATIVES For the Year: In 1993 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 1993: * Remodeled the Centennial Complex to provide 94 minimum security beds for county jail. * Developed third year program of a Drug Task Force in conjunction with the municipalities in Weld County (Sheriff) . * Expanded Work Release Program in Jail to at least double the current capacity of 24 inmates. * Identified and implemented jail alternatives to prolong the life of present correctional facility (Sheriff) . * Implemented the requirements of Clinical Laboratory Improvement Act. (11) Honorable Board of Commissioners - Continued: * Reconstructed the following major bridges: Bridge Cost 60/29 $ 99,000 35/78A 266,000 14.5/25A 1,205,593 * Converted Youth Shelter Home to residential child care facility for troubled youth with contract management. * Implemented a new automated criminal justice system * Remodeled Centennial Complex and Courthouse to accommodate expanded jail and court space needs. * Turned back one-third of Social Services costs to the State of Colorado in accordance with Amendment One (Tabor) . * Developed a long term strategy to deal with the fiscal constraints of Amendment One (TABOR) . * Initiated "Reinventing Weld County Government" Project to examine priorities, what services to provide, best way to deliver services, and most cost effective way to provide services with the constraints of TABOR. * Consolidated the county regional communications dispatch center with the City of Greeley's dispatch center. * Consolidated criminal records division of County Sheriff and City of Greeley. FOR THE FUTURE As Weld County looks to 1994, a number of significant changes will be in focus for the Board and staff to meet the needs of the county. The passage of State Constitutional Amendment One (TABOR) will continue to have a significant impact on the future of Weld County government. The tax, revenue, and spending limitation will constrain many of the fiscal options historically available to Weld County. The provision allowing the return of unfunded state mandates to the state over a three year period, if upheld by the courts, will significantly change the face of county programs in Colorado over time. The 1994 budget has been developed within the limitations of Amendment One with the Social Services mandated turnback held in abeyance pending legal decisions. In the event the State is found to be right in prohibiting the turnback of Social Services programs, a contingency fund has been provided. (12) Honorable Board of Commissioners - Continued: The future level of county funding for Social Services is uncertain. Major issues impacting funding are: 1. The legal interpretation of Amendment One (program subsidies) 2. The state use of IV-E funding 3. The amount of incentives for 1994 4. Caseload growth 5. State contingency revenue 6. Funding for the "capping" legislation 7. The usage of the Day Care Federal Block Grant 8. State welfare reform The next two years could be a time of dramatic change in how human services are delivered in the State of Colorado. Both the organizational structure at the state and local level could be revamped, as well as final determination of which level of government is responsible for funding welfare. The ultimate decision could significantly impact county governmental organizational and fiscal structures. Public safety continues to be a high demand area for more services. The drug task force funding continues to grow to deal with the pervasive social problem of substance abuse and related criminal activity. The recent jail expansion should allow the life of the Weld county jail to be extended through 1996. The new criminal justice information system being installed in 1993-94 should better permit Weld County to deal with limited resources to respond to growing service demands in public safety. Construction of the new Denver International Airport, which is scheduled for completion in 1994, 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. The Board's decision on October 25, 1993, to enter into a ten-year contract with SCT Corporation to provide computer services will have a significant impact on how this essential service will be provided in the future. The contract calls for a new technological environment that will accomplish the following: • Reduce the cost of information systems development and maintenance • Eliminate interdependency of users' costs to each other, so cost decisions can be made independently (13) Honorable Board of Commissioners - Continued: • Create the flexibility to migrate to new systems as the county's service environment changes • Create an information technology environment that has: A. open system architecture B. relational data base management system C. functionally enriched software applications D. query management facility E. improved user graphic presentation F. more file transfer capabilities (upload/download) G. automatic scheduling flexibility by users H. large data volume processing and printing I. client/server environment J. access to wider assortment of software packages • Support network management • Empowerment of the users both functionally and in governance and management of their information processing needs • Develop imaging strategy • Develop GIS strategy • Disaster Recovery Plan The new environment should improve access to information for decision- making, increase the quality and quantity of services, streamline operations, and provide the opportunity for cost savings. The open system architecture offers the technology to connect different types of equipment and vendors. The linking of all components in one system improves access and sharing of data and communication resources. Open system architecture allows the county to retain some equipment and software as changes are made. Open systems architecture and client/server capabilities will better allow the distribution of computer equipment to user areas. The relational data bases allow much more effective use of information by the users and the data is more accessible, especially if coupled with a query management system. The transformation from the current environment to the desired environment in the next eighteen months will require significant initial capital investment in hardware, software, network, and staff time. The transformation could not have occurred under the old environment without a substantial infusion of funds, which were not available in the Weld County budget. The solution then called for a way to reduce current costs, so all or a portion of the saved resources could be reinvested in the future technologies. This eliminated the status quo operation as a viable option. The solution to contract out services calls for a radical (14) Honorable Board of Commissioners - Continued: departure from business as usual. The transformation was viewed over a multi-year time frame of seven to ten years. Financing of the transformation must come from current costs of operation being reduced by implementing newer, most cost-effective information systems, and phasing- out of the more costly mainframe system, thus reducing operating costs to pay for the new technologies by reinvesting all or some of the savings. The approach calls for a two-phased solution: (1) reduce current cost, and (2) development of a strategic plan to create the new information technology environment described earlier. The recommended course of action was to contract with SCT Corporation to operate Weld County's information services function for a ten year contract period. The approach is the most cost effective both short-term and long-term and transforms Weld County's information service environment to the technology desired in the future. The option gives all the characteristics desired in our technical information services environment described earlier at an affordable cost. SCT Corporation can take advantage of a number of economies to reduce our costs by nearly $700,000/year, but still give us the technology we will require. The company's expertise should make the transformation of our information services function less costly and less risky. The up-front capital requirement to implement the technology is greatly reduced via an amortization of savings over the life of the contract. SCT Corporation has experience in managing and operating county computer facilities and expertise and experience in the functional software applications, and future technology Weld County will require in the next ten years. The approach offered should improve service delivery to the public at a reduced cost. Users governance and empowerment is improved with this approach. Program changes for 1994 involve the following: • Complete the installation of new criminal justice information system. • Complete consolidation of City of Greeley and Weld County Regional Communications Center. • Reconstruct the following major bridges: 8/25A $ 536,800 14.5/25A 200,000 18/25A 660,800 32.5/21B 1,023, 152 23/74A 312,800 (15) Honorable Board of Commissioners - Continued: • Pursue litigation to eliminate Social Services subsidy. • Expand Useful Public Service Program to include clients from the City of Greeley municipal court. • Continue initiatives associated with the "Reinventing Weld County Government" project. • Implement Household Hazardous Material program. • Fully implement Victim Rights Amendment. • Evaluate health care reform's impact on Weld County. • Restructure the organizational structure and service methods of Information Services to provide quality computer support at the most competitive price. • Evaluate the structure of Road and Bridge/Engineering. • Respond to the state reorganization of human services agencies and the change's impact on Weld County programs. • Fully install a new election ballot tabulation system. • Create an information technology environment that has: A. open system architecture B. relational data base management system C. functionally enriched software applications D. query management facility E. improved user graphic presentation F. more file transfer capabilities (upload/download) G. automatic scheduling flexibility by users H. large data volume processing and printing I. client/server environment J. access to wider assortment of software packages Department Focus: In 1993 the county began the exploration of finding a new financial management system and human resources system that will run in the new client/server computer environment. It is anticipated that the new packaged system will be identified by mid-1994 with the goal of full implementation of both systems by the end of 1995. The systems must be open system architecture, have a relational data base management system, query management facility, graphic presentation and upload/download capabilities. The two systems will be integrated and networked to all using departments. (16) Honorable Board of Commissioners - Continued: 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. 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, 1993 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, capital project fund, enterprise fund and internal service funds are included in the annual appropriated budget. The level of budgetary control (that is, the level at which expenditures cannot legally exceed the appropriated amount) is established at the fund level, except for the General fund which is 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. (17) Honorable Board of Commissioners - Continued: 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 $81,037, 151 in 1993, an increase of 8.97% over 1992. General property taxes and specific ownership taxes produced 31. 1% of total revenue, down .5% from 1992. The amount of revenue from various sources and the changes from 1992 are shown in the following tabulation: Increase Amount Percent (Decrease) Revenue Sources (In Thousands) of Total from 1992 Taxes $ 25,236.0 31. 1 $ 274.0 Licenses and Permits 1, 129.8 1.4 288.9 Intergovernmental Revenue 44,711.5 55.2 4,525.8 Charges for Services 3, 740.4 4.6 1,329.5 Fines and Forfeitures 36.4 0.0 2. 1 Miscellaneous Revenue 3,458.2 4.3 14.6 Fees 2, 724.8 3.4 233.9 Total $ 81.037.1 100.0 $ 6,668.8 The mill levy is 22.457, the same as 1992 under State Constitutional Amendment One (TABOR) passed November 3, 1992. The assessed value for the 1993 budget was $1,056,361,090, which was up $1, 170,440 or 00.11% from last year. The increase was primarily attributed to residential property and agricultural support buildings. Increases were offset by decreases in commercial property of $10.5 million and oil and gas properties of $2.7 million. Current tax collections were 99.5% of the tax levy, up . 1% from 1992. Delinquent tax collections were $60,584 compared with $104, 726 in 1992. (18) Honorable Board of Commissioners - Continued: Allocations of property tax by purpose for 1992 and 1993 are shown as follows: 1992 1993 Purpose Mills Mills General Fund 13.593 13.993 Special Revenue Funds 7.469 7.341 Capital Project Fund .835 .539 Intergovernmental Service Funds .560 .584 Total Tax Rate 22.457 22.457 Intergovernmental Revenue represented 55.2% of total general governmental revenue, compared with 54.0% for 1992. Social Service program increases account for 65.3% ($2,956,091) of the intergovernmental revenue increase, which is caused by the increased caseload of the welfare system in the areas of AFDC, Foster Care, and Day Care. Expenditures for general governmental purposes including General, Special Revenue, Capital Projects, and Expendable Trust Funds totalled $78, 390,902, an increase of 4.6% over 1992. Changes in levels of expenditures for major functions of the county over 1992 are shown in the following tabulation: Increase Amount Percent (Decrease) Expenditure Purpose (In Thousands) of Total from 1992 Current Operating: General Government $ 9,200.0 11. 7 $ 351.3 Public Safety 12,336.8 15.7 1,014.9 Public Works 12,406.6 15.8 457. 1 Public Health & Welfare 30,368.9 38.7 1,378.5 Culture & Recreation 305.0 .4 (6.5) Economic Assistance 8,919.5 11.4 240.0 Capital Outlay 1,919.6 2.5 (514.0) Debt Service 330.8 .4 130.9 Intergovernmental 667.3 .9 (142.6) Miscellaneous 1,936.4 2.5 631.4 Total $ 78,390.9 100.0 $ 3,541.0 (19) Honorable Board of Commissioners - Continued: The major factor impacting 1993 was the passage of Amendment One (TABOR) . The amendment imposes a freeze on the current mill levy of 22.457, plus spending and revenue limits not exceeding prior year figures plus inflation and growth in net new construction. The limits reduced Weld County's tax revenue by over one million dollars. In response to the limitations, Weld County exercised the mandate turnback provision of the amendment to turnback to the State of Colorado one-third of the county's local costs for Social Services, for a savings of $1,080,219. However, due to the uncertainty of the state willingness to comply with the amendment's provision a "TABOR Contingency" of $1, 119,992 was set aside until the litigation with the state is resolved. Other major factors impacting the 1993 budget were a drop of $247,000 in costs due to an off-year election and the operational costs ($98,857) and lease/purchase costs ($292,434) for the new administration building. Public safety was up $367,689 over last year even with the elimination of the $168,076 in juvenile detention facility costs. Community Corrections costs were up $200,288 because of an increase in the state contract to house inmates. The growth of expenditures for Social Services continued in 1993 with a 5.2% increase in costs. Caseload growth and increased program costs were the major reasons for the growth in expenditure. In addition, the general state of the local economy will continue to affect the number of AFDC and food stamp cases. Turnback of this mandate will eliminate local costs totally in three years. The 1993 expense reflected the reorganization of the Sheriff's Office approved in August 1992 by your Board. FUND BALANCE Total fund balance and fund equity in the major operating funds were maintained at adequate levels. The General Fund balance of $1,265, 105 was down $269,973 from last year. The $13,098, 666 balance in the Special Revenue Funds was up from the previous year by 25.8% 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 7,000 calls in 1993 and generated revenue of $2,430,534. (20) Honorable Board of Commissioners - Continued: Pension Trust Fund Operations: The operations of the Weld County Retirement Plan remained stable in 1993. 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 $934,485. Internal Service Funds: The Internal Service Funds consists of six funds. The Motor Vehicle Fund provides maintenance to all vehicles owned by the county, as well as renting equipment to Road and Bridge and other various departments. The Health Insurance Fund provides dental and vision health coverage for all employees of the county. The Printing and Supply Fund provides the printing service and supply store for the county's use. The Computer Services Fund provides all data processing services to the county and other entities. The Insurance Fund provides workers' compensation, property and casualty insurance needs for the county. The PBX Fund provides all phone service to the county. 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. Funds in 1993 were for the remodel of the jail. The completion of the jail remodel was pending at year-end 1993. 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, 1993, the General Fixed Assets of the county amounted to $31,308,893. 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 1993 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 Revised Statutes. There are lease/purchase agreements which involve Certificate of Participation Bond Issues totalling $3, 112, 739 for the construction of the Human Resources Building and north administrative buildings. (21) Honorable Board of Commissioners - Continued: Cash Management: Cash temporarily idle during the year was invested in time deposits ranging up to 180 days to maturity. Interest earned on investments of cash held by the County Treasurer was recorded as revenue in the General Fund, with the exception of interest attributed to the Insurance Fund, Health Insurance Fund, Capital Expenditure Fund, Conservation Trust Fund, Housing Authority Fund, Ambulance Enterprise Fund, and the interest earned on certain deposits held for other taxing authorities. The amount of interest earned was $758, 646 in 1993. 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, 1993, are classified in the category of lowest credit risk as defined by the Governmental Accounting Standards Board. Risk Management: During 1993 Weld County continued to be a member of Colorado Counties Casualty and Property Pool. The pool offers full safety and risk management programs to minimize losses, together with 57 other Colorado counties. Effective January 1, 1992 Weld County became self- insured under a State permit for workers' compensation. 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 Anderson & Whitney, P.C. 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. (22) Honorable Board of Commissioners - Continued: 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, 1992. This was the twelfth 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 1993 annual appropriated budget for the tenth 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. 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 1993 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, 1993. 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. flfl Donald D. Warden, Director Finance and Administration DDW/ch (23) 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, 1992 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 (CAFRs) achieve the highest standards in government accounting and financial reporting. s i GW ASR WORMY r President cos seat. 4s`4.OO /74,e Executive Director (24) • vci = o o C a`) 0 Co 7 It o � c) E R3 -0 C ■ N cn aJ woo $ O Of 2 II"'"' CO (0 L E v 0 U CO O Z Q d CQ _ ow ? w 4) O � � ? U �• 4 c c ; U [[ :c.1 -F27, _, W m 0 ¢ f u TI i T _ o o E V A y m Z a) O U c b m o o m C C > C O 5 m u a s m '- 0 m N 8 H ' —EU) l — u o ° oo — c © 0066 Q C E o a o ¢ ¢ ¢ m ❑ ¢ ¢ W N E E U CO ti rn C c c c or: mm ❑ ° a e e _ ; ; O = N nxxx O " 76U a7co W o o_ ` c 0 0 W �. O _)c (.7) c 0" m E a . v — 5 m U J • O —E3 ¢ 0 °' U O U p 7 0 CD 73 eat 7, ,� y O U CL Ac re C O C .O ❑ ¢° w H (f) W in E O 0. o $ U c m � c $ `o ^ o to s „ o O O s 5 5 = 5 _ E .c U c `o ca) 090 U CC ` — U C > m c¢ O m 0. C Lt n E 0 • d N c _ o _ E m° m 0 D WO- cE � 5 = ❑ U m _ omc _ a m c a O 7 Z m C O U O 5 b m c) y c o ii - O ... " fC 65 O O 5I E Ts '` y 6 — a aUi . cm0 — 7 ` o — 'N N ; o —r Q7 U E O d �_ o m :o S m 5 v `- O C CO _ L U ❑ x x x Qco ❑ E W ❑ m $ IiUQ a 0 O C (C CD U O c a) N d c . W U c' c = m N • N c it O N C b N y�. a) !A H C 6 .25 m b 2 `-� E .� ID .$ n U L Cr.CJ E O O ' .° 'I' mo a o f Er- - �' 0m C ` UU OQ ilflhldfluijmu m 210 U caysrn9yaa5 ab C❑ dmUl > a (2: ) COUNTY OF WELD STATE OF COLORADO PRINCIPAL COUNTY OFFICIALS December 31, 1993 Board of County Commissioners W. H. Webster Dale Hall Constance Harbert Barb Kirkmeyer George Baxter County Treasurer Francis M. Loustalet County Clerk and Recorder Mary Ann Feuerstein County Assessor Warren LaSalle County Sheriff Ed Jordan County Coroner Wesley Hall Director of Finance & Administration Donald D. Warden Comptroller Claud Hanes Independent Auditors Anderson & Whitney, P.C. Certified Public Accountants (26) FINANCIAL SECTION lURe COLORADO ANDERSON &WHITNEY, P.C. ANdERSON CERTIFIED PUBLIC ACCOUNTANTS ©W�IITNE' Gre100eley, eNy,thColorado Avenue ■ . . ■ ■ Greeley, -799 806314046 (303)352-7990. FAX(303)352-1855 Independent 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 and for the year ended December 31, 1993, as listed in the table of contents. These general purpose financial statements are the responsibility of the County's management. 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 general purpose financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the County of Weld, Colorado as of December 31, 1993, r and the results of its operations and cash flows of its proprietary fund types and nonexpendable 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, individual fund and account group financial statements and schedules listed in the table of contents are presented for purposes of additional analysis and are not a required part of the general purpose financial statements of the County. Such information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly stated in all material respects in relation to the general purpose financial statements taken as a whole. arteettiovil 4- NJ/tablet /40. May 20, 1994 (27) MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBUC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS-AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED,INC. M1 riost Willie COLORADO (28) GENERAL PURPOSE FINANCIAL STATEMENTS tott*vg lUR e MT AIM Anil riff„, ‘,Aim williC. COLORADO (29) COUNTY OF WELD STATE OF COLORADO COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS December 31, 1993 With Comparative Amounts as of December 31, 1992 Governmental Fund Type Special Capital General Revenue Projects ASSETS ASSETS: Cash and short-term investments $ 2,198,934 $ 14,576,724 $ 1,071,105 Investments 0 0 0 Receivables (net of allowance for uncollectibles): Current property taxes 15,789,184 7,769,50 595,906 Delinquent property taxes 101,935 55,21 5,581 Accounts 177,399 872,29 2,47 Spacial assessment 278,006 401,63 Due from other County funds 526,536 462,13 1,72 Due from other governmental units 186,616 1,969,37 Advances to other funds 200,000 515,94 Inventories 37,517 1,024,12 Other assets 39,843 104,50 Land 0 Improvements other than buildings 0 Buildings 0 Nachioery and equipment 0 Accumulated depreciation 0 Amount to be provided for retirement of general long-term debt 0 TOTAL ASSETS 19,535,970 27,751,46 1,676,78 LIABILITIES, FUND EQUITY L OTHER CREDITS LIABILITIES Accounts payable $ 764,029 $ 1,207,354 $ 31,298 Due to other County funds 343,866 586,879 11,532 Due to other governments 0 (11,933) 0 Accrued liabilities 559,733 579,179 0 Other liabilities 0 58,062 0 Deferred revenue 16,101,534 8,298,675 605,583 Unexpended grant revenue 426,703 3,493,635 0 Deferred compensation payable 0 0 0 Long term debt 0 0 0 Advances from other funds 75,000 440,948 340,856 Total Liabilities 18,270,865 14,652,799 989,269 OTHER CREDITS: Investment in general fixed assets 0 0 0 FUND EQUITY: Contributed capital 0 0 0 Unreserved retained earnings 0 0 0 FUND BALANCES: Reserved 567,622 8,723,960 470,138 Unreserved: Designated for future years' expenditures 191,464 1,404,412 0 Uodeaignated 506,019 2,970,294 217,381 Total Fund Equity 1,265,105 13,098,666 687,519 TOTAL LIABILITES, FUND EQUITY AND OTHER CREDITS $ 19,535,970 $ 27,751,465 $ 1,676,788 (See Notes to Financial Statements) (30) Proprietary Fiduciary Fund Type Fund Type Accounts Groups Memorandum Totals Enterprise Internal Trust and General General Long December 31 December 31 Fund Service Agency Fixed Assets Term Debt 1993 1992 S 209,602 S 2,417,300 $ 5,251,643 S 0 S 0 $ 25,725,308 S 22,983,572 O 0 37,902,595 0 0 37,902,595 33,434,044 0 548,143 0 24,702,736 23,622,625 0 4,317 0 167,050 313,521 323,746 96,280 420,926 1,893,118 1,191,036 0 0 0 679,639 628,604 0 398,747 5,947 1,395,092 1,611,031 13,697 0 0 2,169,689 1,416,952 O 0 140,856 856,804 415,856 O 208,555 0 1,270,195 1,215,865 203 124,197 0 268,751 246,669 48,496 1,353,934 498,542 3,040,33 4,941,310 4,892,814 21,461 215,999 0 418,68 656,149 674,649 648,234 2,643,958 2,941,907 22,246,57 28,480,676 26,867,814 521,629 16,503,298 0 5,603,28 22,628,216 21,668,517 (265,621) (10,812,613) (644,650) (11,722,884) (10,400,637) O 0 0 1,114,14 1,114,149 1,288,645 1,521,447 13,702,115 46,517,766 31,308,89 1,114,14 143,128,593 132,071,577 $ 15,544 $ 575,941 $ 365,409 $ $ 0 $ 2.959,575 $ 2.239,351 7,867 392,842 52,106 0 1,395,092 1,614,060 0 0 3,623,008 0 3,611,075 3,475,184 112,293 523,776 0 1,014,149 2,789.130 2,754,553 0 0 0 0 58,062 58,532 0 556,222 0 0 25,562,014 24,554,622 O 0 0 0 3,920,338 3,696,920 0 0 1,692,547 0 1,692,547 1,490,536 O 0 3,112.739 100,000 3,212,739 3,604,756 0 0 0 0 856,804 415,856 135,704 2,048,781 8,845,809 1,114,149 46,057,376 43,904,370 0 0 0 31,308,893 0 31,308,893 29,413,234 141,203 8,569,611 0 0 0 8,710,814 8,730,264 1,244,540 3,083,723 0 0 0 4,328,263 3,917,184 O 0 31,450,580 0 0 41,212,300 36,744,950 O 0 0 0 0 1,595,876 1,445,759 O 0 6,221,377 0 0 9,915,071 7,915,814 1,385,743 11,653,334 37,671,957 0 0 65,762,324 58,753,973 $ 1,521,447 $ 13,702,115 $ 46,517,766 $ 31,308,893 $ 1,114,149 $ 143,128,593 $ 132,071,577 (31) COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANCES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS For The Year Ended December 31, 1993 With Comparative Amounts for the Year Ended December 31, 1992 Fiduciary Governmental Fund Types Fund Types Memorandum Totals Special Capital Expendable Total Total General Revenue Projects Trust 1993 1992 REVENUES: Taxes $ 14,886,718 $ 9,779,307 $ 569,96 $ 2 $ 25,235,989 $ 24,932,140 Licenses and permits 722,582 407,249 0 1,129,831 840,856 Intergovernmental 2,851,001 41,860,567 0 44,711,568 40,379,497 Fines and forfeitures 36,407 0 0 36,407 34,275 Miscellaneous 2,417,354 626,278 114,72 299,803 3,458,156 3,439,064 Tess 2,724,832 0 0 2,724,832 2,490,443 Charges for services 1,212,287 2,528,079 0 3,740,366 2,369,687 Total Revenues 24,851,181 55,201,480 684,68 299,805 81,037,151 74,485,962 EXPENDITURES: Currents General goverment 9,199,985 0 9,199,985 8,847,502 Public safety 12,336,868 0 12,336,868 11,321,924 Public works 729,435 11,677,176 12,406,611 11,949,424 • Public health and welfare 258,436 30,110,438 30,368,874 28,958,997 Culture and recreation 89,006 215,992 304,998 312,793 Economic assistance 332,603 8,586,881 8,919,484 8,795,202 Miscellaneous } 914,440 741,639 280,30 1,916,787 1,338,389 • ,0 Capital outlay 176,765 253,819 1,4890 1,919,584 2,433,517 Debt service 330,809 0 330,809 199,944 Intergovernmental 0 667,306 667,306 809,896 , S Total Expenditures 24,368,347 52,253,251 1,489,00 280,30 78,390,902 74,967,588 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES 482,834 2,948,229 (804,315) 19,501 2,646,249 (481,626) OTHER FINANCING SOURCES (USES): Proceeds of long-term debt 0 0 0 0 0 1,978,946 Operating transfers - in 337,974 1,544,648 650,000 0 2,532,622 8,143,186 I Operating transfers - out (1,110,231) (1,804,044) 0 0 (2,914,275) (7,669,183) Total Other Financing Sources Sources (Uses) (772,257) (259,796) 650,000 0 (381,653) 2,452,949 EXCESS OP REVENUE AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES (289,423) 2,688,833 (154,315) 19,501 2,264,596 1,971,323 FUND BALANCES AT BEGINNING OF YEAR 1,535,078 10,409,833 841,834 667,765 13,454,510 11,463,087 Residual Equity Transfer 19,450 0 0 0 19,450 20,100 FUND BALANCES AT END OF YEAR $ 1,265,105 $ 13,098,666 $ 687,519 $ 687,266 i 15,738,556 $ 13,454,510 N (See Notes to Financial Statements) Y S 'r. • (32) 4yg i +m0000o 00000o0„00 o go g n 0 n .�, g n 7 `. n w1000g00 0 0-.0 0 u 0000000§00 8 8 a m J 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 O O s s b •, m . 8 a s 2 » Yoog a s „s 8 a .' 4".tl'o . o4r o o v :II «8 R S 87 r a 4v f n n M 1 F 00.. -..0. 7 7 0 g 1aAa n n 3x A a s i m 1 Ess . i �on �a a m n's a s 9 s� 2 e e E7EE :n p< : o p^» .pOOop n n 0 O 1. • l • .0000N $ PNs PAH0 n o$ § P •. i.9�ainp .!d'nYoa.� S mni 0 0 • A O> vn P00 47"iN vOavmiO O N N M m O M i J v m n a J n O n N O E r O E s n om 0 4 N n 0 r «� " 1 ^ry»nNN.. R iniJmn •ng. e" r:o fl. o 27 41 ; I" u . 1 q J N N < M " P" N IEEEE n E O P;n P m V 0 E i 7"'n N n N F N i m : 6 au a B t lb 11. a 803 G I OE .1 76 E1 :•••a H g a a "wrdo s� . gg nag a COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS/ FUND BALANCES. ALL PROPRIETARY FUND TIRES, PENSION TRUST AND NONEXPENDAELE TRUST FUNDS For the Tear Ended December 31. 1993 With Comparative Amounts for the Year Ended December 31, 1992 Proprietary Fund Type Fiduciary Fund Type Memorandum Totals Internal Non- Enterprise Service Expendable Pension Fund Fund Trust Fund Trust Fund 1993 1992 OPERATING REVENUES: Earnings on investments 8 0 S 0 1 0 8 3.925,288 8 3,923,288 $ 2.081.605 ' Contributions 0 123,932 0 2,375.658 2,499,590 2,494,637 Charges for services 2,430,534 6,543,031 515,046 0 9,488,611 8,667,374 Total Operating Revenues 2,430,334 6,666,963 513,046 6,300,946 13,913,489 13,243,616 OPERATING EXPENSES: Personnel services 1.081.365 1,330,805 0 0 2.412,170 2,502,834 Contractual services 103,595 2,572,134 323 174,543 2,850,615 2,748,402 Supplies 98.494 397,490 0 695,984 717,680 Repair and maintenance 87,718 356,008 0 443,726 456,562 Insurance and bonds 0 256,739 0 256,739 292,813 Claims 0 823,704 0 823,704 520,051 Benefit payments 0 0 1.349,790 1.349,790 1,263,671 Refunds 0 0 446,793 446,793 373,280 Other 158,792 272,772 0 431,564 349.714 Bad debt 408,961 0 0 408,961 688,336 Depreciation 128,145 1,817,909 284,650 0 2,230,704 1,839,143 Administrative 0 0 0 0 0 2,003 Total Operating Expenses 2.067.070 8.027,581 284,973 1.971.126 12.330,750 11,754,487 OPERATING INCCMI (LOSS) 363,464 (1,360,618) 230,073 4,329,820 3,362,739 1,489,129 NONOPERATING REVENUES (EXPENSES): Tana. 0 617,179 0 617,179 602,736 Intergovernmental 26,951 0 0 26,951 100.000 Miscellaneous 4,327 55,310 0 59,637 384,772 Interest income 14,899 36,546 15,962 67.407 90,276 Fees 0 1,111 0 1,111 1.020 Gain on sale of assets 0 172,336 0 172,336 149,1% Judgements and damages 0 97,918 0 97,918 41,443 Interest expense 0 0 (243,176) (243.176) (123.949) Total Non-Operating Revenues (Expenses) 46,177 980,400 (227,214) 0 799,363 1,243,494 INCA¢ (LOSS) BEFORE OPERATING 409,641 (380,218) 2.859 4,329.820 4,362,102 2.734,623 TRANSFERS OPERATING TRANSFERS: Operating transfers - in 0 381,653 0 0 381,653 700,000 Operating transfers - out 0 0 0 0 0 (1,174,007) Total operating transfers 0 381,653 0 0 381,633 (474,003) NET INCOW (LOSS) 409.641 1.433 2,859 4.329,820 4,743,755 2.260,620 RETAINED EAANWCS/TUND BALANCES AT BEGINNING OF TEAR 834.897 3,082,288 266.949 32.385,065 36.369.199 34.308,578 RETAINED EARNINGS/FUND BALANCES AT DID OF TEAR $ 1.244,538 S 3,083,723 S 269,808 8 36,714,885 $ 41,312,954 f 36,569,198 (See Notes to Financial Statements) (34) COUNTY OF WELD STATE OF COLORADO COMBINED STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES AND NONERPENDABLE TRUST FUNDS For the Year Ended December 31, 1993 Proprietary Fund Type Nonexpendable Memorandum Enterprise Internal Trust Total Fund Service Funds 1993 CASH FLOWS FRCE1 OPERATING ACTIVITIES: Operating income (loss) $ 363,464 $ (1,360,618) $ 230,396 $ (766,758) Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation 128,145 1,817,909 284,650 2,230,704 Change in assets and liabilities: (Increase) decrease in accounts receivable (322,435) 5,116 (288) (317,607) (Increase) decrease in inventory 0 (80,936) 0 (80,936) (Increase) decrease in other assets 93,540 (77,927) 0 15,613 Increase (decrease) in accounts payable (17,408) 380,934 5,974 369,500 Increase (decrease) in accrued liabilities (8,727) 54,645 (8,258) 37,660 Increase (de ) in other liabilities 1,762 321,529 0 323,291 Total adjustments (125,123) 2,421,270 282,078 2,578,225 Net cash provided by (used for) operating activities: 238,341 1,060,652 512,474 1,811,467 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Cash received from judgements/damages 0 95,607 0 95,607 Property tax collections 0 617,179 0 617,179 Miscellaneous revenues (expenses) 31,279 58,732 0 100,011 Operating transfers-net 0 381,653 0 381,653 Net cash provided by noncapital financing activities 31,279 1,153,171 0 1,194,450 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES, Interest paid on borrowings 0 0 (235,515) (235,515) Principal paid on long-term debt 0 0 (300,000) (300,000) Proceeds from sale of capital assets (37,587) 194,896 0 232,483 Acquisition of capital assets (124,621) (1,570,332) 0 (1,694,943) Net cash used for capital and related financing activities (87,034) (1,375,436) (535,515) (1,997,985) CASH FLOWS FROM INVESTING ACTIVITIES: Interest on investments 14,899 36,546 15,961 67,406 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 198,485 874,933 (7,080) 1,066,338 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 12,117 1,542,367 462,437 2,016,921 CASH AND CASH EQUIVALENTS AT END OF YEAR $ 209,602 $ 2,417,300 $ 455,357 $ 3,082,259 Reconciliation to Balance Sheet: Cash and Cash Equivalents at end of year 209,602 2,417,300 455,357 3,082,259 Other Trust and Agency Funds 0 0 4,796,286 4,796,286 Per Balance Sheet $ 209,602 $ 2,417,300 $ 5,251,643 $ 7,878,545 (See Notes to Financial Statements) (35) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 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. Based on the closeness of their relationships with the County, the financial statements of the following organizations are blended into 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, 1993 Weld County Retirement Board -- The Retirement Board consists of five members, two selected by participating employees, two 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 in a Nonexpendable Trust Fund. Weld County E-911 Board -- The Board of County Commissioners appoints four members of the seven member board. Funds are generated through surcharges on telephone bills and are reported in the Emergency Service Agency Fund. Crime Victim Compensation Board -- The Weld County District Attorney appoints the three member crime victim compensation board. Funds are generated by fines to defendants in Federal, County, and District courts. The board reviews and approves all requests for assistance to qualified victims of crime. The District Attorney's office is reported in the financial statements in the General Fund. Contraband seized by the Weld County Sheriffs' office is sold and funds are deposited to the general fund and utilized by the sheriffs' office using the normal expenditure process. The following Authority and special districts have not been included in the County's financial statements individually, but are included in agregate in the Public Works Fund, a Special Revenue Fund. Beebe Draw Law Enforcement Authority Local Improvement Districts Weld County Basswood Avenue #1990-2 Weld County 83rd Ave #1991-1 Weld County Roads 15 & 84 #1991-2 (37) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 The following related organizations are excluded from the accompanying financial statements because the County's accountability for these organizations does not extend beyond various appointments. North Colorado Medical Center -- The Board of County Commissioners appoints a seven member Hospital Board of Trustees. The Hospital Board of Trustees leases land only to Normedco. Normedco is a holding company of which the North Colorado Medical Center (NCMC) is a non-profit subsidiary operating the hospital. Effective in 1991 the Hospital Board of Trustees no longer appoints any members to the Normedco Board of Directors. The NCMC has the ability to incur its own debt and its operations are financed totally by patient revenues. Greeley-Weld Airport Authority -- The County Commissioners appoint two of the five Airport Authority Board members. The County has contributed approximately 5% of the funds for capital construction. The Authority has full autonomy under Colorado State law, can incur debt, and funds its operations totally from user fees. Weld Library District -- The County Commissioners, together with the concurrence of the city councils of seven participating municipalities, appoint the seven member Library District Board. The Library District Board has total autonomy under the State Library Act to incur debt, establish budgets, and levy property taxes to support the District's library system. 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. (38) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 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. 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. (39) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 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: 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. (40) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 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. 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. Budgets are established for all Governmental, Internal Service fund types, and the Enterprise Fund. The accounting system is employed as a budgetary management control device during the year to monitor the individual departments. The fund level is the level of classification at which expenditures may not legally exceed appropriations, except for the General Fund where the department level of expenditures cannot legally exceed appropriations. During the year, several supplemental appropriations were necessary. All annual appropriations lapse at year end. (41) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 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 a fund or for any General Fund department must be approved by the County Commissioners through a supplemental appropriation ordinance. During 1993, two supplemental appropriation ordinances were enacted, which brought the total budget from the original appropriation of $70,276,960 to $84,876,505. 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 were levied on December 9, 1992 and are collected in 1993 in either two installments or one full payment as follows: The first billing is mailed January 15 and is due by February 28, (half installment) or a full payment by April 30. The second billing is mailed May 15, and is due by June 15, (second installment) . The bill becomes delinquent on March 1, May 1, and June 16 and penalties and interest may be assessed by the County. The County, through the Weld County Treasurer, bills and collects its own property taxes as well as property taxes for all school districts, cities and towns and special districts located within the County. In accordance with Section 14-7 of the Weld County Home Rule Charter, all ad valorem tax levies for County purposes, when applied to the total valuation for assessment of the County, shall be reduced so as to prohibit the levying of a greater amount of tax revenue than was levied from ad valorem taxation in the preceding year plus five per cent (5%), except to provide for the payment of bonds and interest. The Board of County Commissioners may submit the question of an increased levy to the County Council and, if in the opinion of a majority of the County Council the County is in need of additional funds, the Council may grant an increased levy for the County in such amount as it deems appropriate, and the County is authorized to make such increased levy. (42) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 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, 1993 levies for the applicable funds of the County are as follows: Mills Amount General Fund 13.993 $ 14,781,806 Public Works Fund 2.957 3, 123, 749 Social Services Fund 2.442 2,579,537 Contingent Fund 1.942 2,052,004 Capital Expenditures Fund .539 569, 140 Insurance Fund .584 616, 465 TOTAL 22.457 $ 23, 722,701 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. For purposes of the statement of cash flows, the County considers all highly liquid investments with a maturity of three months or less to be cash equivalents. Inventories: Inventories of governmental funds, which consist of expendable materials held for consumption, are stated at cost utilizing the weighted average cost method. These funds follow the consumption method of accounting whereby expenditures are recorded at the time the inventory items are used. Inventories of proprietary funds are recorded at the lower of 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. (43) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 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, Enterprise Funds and the Nonexpendable Trust 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 (44) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 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 dental and vision insurance benefits to employees, which are funded by employee contributions. These activities are accounted for in the Health Insurance Fund, an internal service fund. Estimated liabilities for claims incurred but not reported are included in accrued liabilities. 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 50% of accumulated sick leave hours up to the equivalent of one month. At December 31, 1993, the liability for accumulated sick leave approximated $377,000. 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, 1993, the liability for accumulated vacation approximated $637,000. 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. (45) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 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 up to the maximum equity available in fund balance and consist of: Reserved 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, 1993 include $290,262, $1, 176,502 and $470, 138 for the General Fund, Special Revenue Funds, and Capital Projects Fund, respectively, for a total of $1,936,902. Reserved for Other Assets: These reserves are established to record all prepaid items. Recorded reserves at December 31, 1993 are $39,843 and $104,508 for the General Fund and Special Revenue Funds, respectively, for a total of $144,351. Reserved for Inventories: These reserves are established to record the total level of inventories. The General Fund and Special Revenue Funds have amounts at December 31, 1993 of $37,517 and $569,031, respectively, for a total of $606,548. Reserved 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 $31,450,580 at December 31, 1993. Reserved 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, 1993 are $200,000 and $515,948, respectively, for a total of $715,948. (46) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 Reserved for Emergencies: This reserve was established as the "emergency reserve" required by "Amendment One" to the Colorado constitution. Reserved for Claims: Reserves have been recorded in the Contingent Fund for investments in which the Securities and Exchange Commission froze all assets in 1991 pending outcome of criminal investigations of the securities dealers and which the County is in litigation to recover. Reserves have been recorded in the Social Services Fund for amounts receivable from the State, arising from litigation which has been appealed by the State. Reserves recorded represent total potential loss to the County. The amounts are $4,477, 752 in the Contingent Fund, and $1,080,219 in the Social Services Fund for a total of $5,557,971. 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, 1994. 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 $4.25 per hour. Certain volunteer labor is recorded at higher rates based upon the individual's professional experience. Volunteer mileage is recorded at 25¢ 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 (47) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 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. 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. Cash and Short-Term Investments: Cash and short-term investments consists of the following at December 31, 1993: Deposits with Financial Institutions $ 8,810, 104 Short-term investments 14, 755,620 Food Stamps 1,986,367 Other 173,217 Total $25,725,308 At year end the County's carrying amount of bank deposits in financial institutions was $8,810,104 and the bank balance was $8,995,671. Of the bank balance, $800,000 was 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 under the Public Deposit Protection Act. Throughout 1993, the County had short-term investments in local government investment pools established by State statute. These pools operate similarly to a money market fund and each share is equal in value to $1.00. At December 31, 1993, the County had $1,320,282 invested in COLOTRUST, $3,761,928 in CSAFE, $2,125, 137 in Colorado Statewide Asset Trust, $2,174, 703 in Colorado Diversified Trust, and $827,955 with Banc One Services Corporation. At December 31, 1993, the County had $4,477,752 plus $67,863 interest invested in a government securities fund, initially as a short-term investment. As discussed in Note 10, this fund was frozen in 1991 by the Securities and Exchange Commission pending outcome of criminal investigations of the securities dealers and the County initiated litigation to recover damages. The market value of this investment is not available. There is a reasonable possibility that an investment loss may ultimately be realized. An estimate of the loss or range of loss cannot be made due to the status of the litigation. (48) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 Investments: Statutes authorize the County to invest in obligations of the U.S. Treasury, agencies, and instrumentalities, commercial paper, repurchase agreements, money market funds, and local government investment pools. The Pension Trust Fund is also authorized to invest in common stock, mutual funds, 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, 1993, all of the County's categorized investments were held in the Pension Trust Fund. Investments of the Pension Trust Fund were as follows: Category Category Category Carrying Market 1 2 3 Amount Value Corporate bonds $11,883,762 - - $11,883,762 $12,573,996 Common stock 10,607,593 - - 10,607,593 13,339,550 Government obligations 7,712,192 - - 7,712,192 7,996,101 Foreign equities 757,929 - - 757,929 903,937 Foreign obligations 1,004,347 - - 1,004,347 1,081,725 Total $31,965,823 $ -0- $ -0- $31,965,823 $35,895,309 Investments that cannot be categorized include $3,729,350 in equity and international mutual funds with a market value at $3,675,584 and $514,875 of money market funds. Investments of the Deferred Compensation Fund at December 31, 1993 totaled $1,692,547 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. (49) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 Note 3 - Allowance for Uncollectible Accounts Receivable: The allowance for uncollectible receivables consists of the following at December 31, 1993: Allowance for Fund Type Uncollectibles General $ 157,727 Special Revenue 86,464 Capital Projects 9,621 Enterprise 431,904 Internal Service 6,874 Trust and Agency 0 TOTAL $ 692,590 Note 4 - Individual Fund Interfund Receivable and Payable Balances and Advances: Interfund receivable and payable balances at December 31, 1993 are as follows: Interfund Interfund Receivables Payables General Fund $ 526,536 $ 343,866 Special Revenue Funds: Public Works Fund 442,301 171,544 Social Services Fund 2,216 84,542 Conservation Trust Fund 13,370 -0- Contingent Fund -0- 223,207 Public Health Fund 380 2,059 Human Resources Fund -0- 99,671 Solid Waste Fund 715 472 Housing Authority Fund 3, 156 5,384 Capital Projects Fund 1,724 11,532 Enterprise Fund: Ambulance -0- 7,867 Internal Service Funds: Motor Vehicle Fund 199,872 166 Health Insurance Fund -0- 437 Printing and Supply Fund -0- 12,039 Computer Services Fund 198,875 255,470 Insurance Fund -0- 116,015 Phone Services Fund -0- 8,715 Trust and Agency Funds: Employee Flexible Spending 437 52,040 Payroll Agency Fund (50) 5,510 66 TOTAL $1,395,092 $1,395,092 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 Advances from and to other funds at December 31, 1993 are as follows: Advance Advance From To General Fund $ 75,000 $ 200,000 Special Revenue Funds: Solid Waste Fund -0- 75,000 Social Services Fund 440,948 -0- Contingent Fund -0- 440,948 Capital Projects Fund 340,856 -0- Nonexpendable Trust Funds -0- 140,856 Total $ 856,804 $ 856,804 Note 5 - General Fixed Assets: A summary of changes in general fixed assets follows: Balance Balance 1/1/93 Additions Deletions 12/31/93 Land $ 3,040,338 $ -0- $ -0- $ 3,040,338 Improvements other 418,689 than buildings 410,154 8,535 -0- Buildings 20,483,259 1,649,247 -0- 22,132,506 Machinery and equipment 5,317,893 707,351 421,955 5,603,289 Construction-in- Progress 161,590 154,746 202,265 114,071 Total $29,413,234 $2,519,879 $ 624,220 $31,308,893 At year-end 1993 construction in progress consists of $28,000 for the new regional treatment center and $86,000 for the Hazardous Household Waste building. (51) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 Note 6 - Long-Term Debt: Long-term debt consists of the following at December 31, 1993: Nonexpendable Trust Fund: Certificates of participation $3, 155,000 Less unaccreted discount 42,261 Certificates of participation - net 3, 112, 739 General Long-Term Debt Account Group: Special assessment bonds payable 100,000 Sick-leave and vacation accruals 1,014, 149 Total 1, 114, 149 MEMORANDUM TOTAL $4,226,888 Certificates of participation represent debt of the Weld County Finance Corporation and are not general obligations of the County. The certificates were issued in 1988 and 1992 to finance the construction of buildings leased to the County and other local governmental units. The lease payments are sufficient to cover the indebtedness of the Finance Corporation, and include a purchase option at the end of the lease. The certificates bear interest at rates ranging from 4.25% to 7.3% per annum and mature during 1993 to 2002. Of the certificates issued in 1993, those maturing in 2001 or after are callable for redemption prior to maturity in whole or in part at the option of the County in 2000. 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 10.25% to 10.5% per annum and mature in annual installments of $100,000 during 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: (52) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 Principal Requirement Interest Requirement Certificates Certificates Total Annual of Par- Special Total of Par- Special Total Debt Service Year ticipation Assessment Principal ticipation Assessment Interest Requirement 1994 $ 345,000 $ 100,000 $ 445,000 $ 203,930 $ 5,250 $ 209,180 $ 654,180 1995 365,000 365,000 182,930 182,930 547,930 1996 390,000 390,000 159,930 159,930 549,930 1997 410,000 410,000 134,895 134,895 544,895 1998 445,000 445,000 107,845 107,845 552,845 1999 220,000 220,000 77,820 77,820 297,820 2000 235,000 235,000 63,960 63,960 298,960 2001 250,000 250,000 48,920 48,920 298,920 2002 495,000 495,000 32,670 32,670 527,670 TOTAL $3,155,000 $ 100,000 $3,255,000 $1,012,900 $ 5,250 $1,018,150 $4,273,150 Long-term debt transactions during 1993 are summarized as follows: Certificates Special Vacation of Assessment i Sick Particpation Bonds Leave Total Balance, January 1, 1993 $3,404,756 $ 200,000 $1,088,645 $4,693,401 Retired in 1993 (300,000) (100,000) (400,000) Discount accretion 7,983 7,983 Deductions in 1993 (74,496) (74,496) Balance, December 31, 1993 $3,112,739 $ 100,000 $1,014,149 64,226,888 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 $33,291,280 at December 31, 1993. (53) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 Note 7 - Other Required Individual Fund Disclosures: Excesses of expenditures over appropriations in individual funds are as follows: Revised Over- Appropriation Expenditures Expenditure Insurance Service Fund $ 895, 102 $ 995,490 $ 100,388 Motor Vehicle Fund 3,358,397 3,443,532 85,135 Excesses of expenditures over appropriations in General Fund departments can be seen by unfavorable variances in the expenditures section of the Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual. Note 8 - Weld County Retirement Plan: The County maintains the Weld County Retirement Plan ("Plan") a single-employer, defined benefit pension plan which covers all full- time employees, except officers and employees of the Health Department. Plan description and provisions: All eligible full-time employees participate in the Weld County Retirement Plan. The payroll for employees covered by the plan for the year ended December 31, 1993 was $19, 782,876; the County's total payroll was $24,060,677. Current membership is comprised of the following: Retirees and beneficiaries currently receiving benefits and terminated employees entitled to benefits but not yet receiving them 254 Current Employees: Vested 387 Nonvested 379 TOTAL 1.020 (54) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 Employees retiring under the normal retirement rule, at age 65 with at least five years of credited service or whose age plus years of credited service equals 80 or more, are entitled to monthly benefits of 2.25 percent of their average monthly compensation (during the 12 highest-paid consecutive calendar months of credited service within the last 120 months of credited service) times years of credited service. The maximum benefit paid is 75 percent of final compensation and the minimum is $25 a month per year of credited service. The Plan permits special early retirement with full benefits to employees age 62 with 8 years of credited service and regular early retirement with reduced benefits to employees age 55 with five years of credited service. Active employees who become disabled receive benefits beginning on the first of the month on or after age 65 or, if later, when payments stop under the County's Long-Term Disability Plan. Retirement benefits are based on the disabled employee's final average monthly compensation at the time of disability and credited service (including the period of disability), payable for the disabled employee's life. Effective January 1, 1991, upon the death of an active employee, the spouse is entitled to two times the employee's accumulated contributions plus interest or a monthly benefit equal to 70 percent of the employees accrued benefit as of his or her date of death, commencing on the later of the first day of the month following the employees's death or the first day of the month coinciding with or following the employee's 55th birthday. (Monthly benefit was available prior to January 1, 1991) . If an employee terminates employment with the County and is not vested, (has five years or more of credited service) , the employee is entitled to a refund of all employee contributions plus 6 percent annual interest, compounded monthly. If the employee is vested, the employee has the option of receiving a refund of accumulated contributions plus interest or receive a monthly benefit commencing upon his or her normal retirement date. All employees participating in the Plan are required by the authority of the Board of Commissioners to contribute 6 percent of their annual salaries to the Plan. The County is required to contribute a matching amount to fund the Weld County Retirement Plan, using the aggregate actuarial cost method. Earnings on investments are also used to fund the Plan. (55) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 Funding Status and Progress: The amount shown below as the "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. This measure is the actuarial present value of credited projected benefits and is intended to, (i) help users assess the Plan's funding status on a going-concern basis, (ii) assess progress being made in accumulating sufficient assets to pay benefits when due and (iii) allow for comparisons among public employee retirement plans. The measure is independent of the actuarial funding method used to determine contributions to the Plan. The pension benefit obligation was determined as part of an actuarial valuation of the plan as of January 1, 1993. Significant actuarial assumptions used in determining the pension benefit obligation include: (a) a rate of return on the investments of present and future assets of 7.5% per year compounded annually, (b) projected salary increases at various rates depending on attained age ranging from 7.5% for age 25 to 5.0% for age 64. The projected salary increases are due to a 5% inflation rate and various rate for merit raises ranging from 2.5% at age 25, to 0.0% at age 64. No assumption is made regarding post retirement benefit increases as these are reviewed and approved by the Weld County Retirement Board based on availability. Pension Benefit Obligation At January 1, 1993: Retirees and beneficiaries currently receiving benefits $12, 121,247 Terminated vested employees not yet receiving benefits 540,669 Current Employees: Accumulated employee contributions, including allocated investment income 8,346,843 Employer-financed vested 3,652,886 Employer-financed nonvested 6, 788,935 Total pension benefit obligation 31, 450,580 Net Assets Available for Benefits (at cost, market value of $38,954,925) 32,385,065 Net Assets in Excess of Pension Benefit Obligation $ 934,485 (56) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 As of January 1, 1993, the Plan experienced a decrease of $353,046 in the pension benefit obligation, due to changes in plan provisions which increased benefits for retirees and beneficiaries 3%. There was no change in contribution requirements Contributions Required and Contributions Made: The government's funding policy is to provide for periodic employer contributions at actuarially determined rates that, expressed as percentages of annual covered payroll, are designed to accumulate sufficient assets to pay benefits when due. The required contributions are determined using an aggregate cost actuarial method. The plan does not have an unfunded actuarial accrued liability for 1993. Significant actuarial assumptions used to compute contribution requirements were the same as those used to compute the standardized measure of the pension benefit obligation. Contributions made during 1993 for both the County and the participating employees were $1, 187,829 (6% of covered payroll) . Total covered payroll for year ended December 31, 1993 was $19, 782,876. Trend Information: Trend information for the years ended December 31, 1991, 1992, and 1993, respectively, is as follows: Net assets in excess of the pension benefit obligation (as of the beginning of the year) were 109. 7%, 100.4% and 103.0% respectively. The County's contributions to the Plan, made in accordance with actuarially determined requirements, were 6 percent of annual covered payroll, for each of the years ended December 31, 1991, 1992, and 1993. Assets in excess of the pension benefit obligation were 14.4%, . 7% and 4.7% of covered payroll for the years ended December 31, 1991, 1992 and 1993, respectively. Ten-year trend information, giving an indication of the progress made in accumulating sufficient assets to pay benefits when due, may be found in the statistical section of this report. (57) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 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 $7,500 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, subject only to the claims of the County's general creditors. 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. Note 10 - Contingencies: 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. In 1993, the County filed suit against the State of Colorado to enforce the provisions of "Amendment One" which allow the County to end its subsidy of the Social Services programs delegated by the State. In January, 1994, the County received a favorable decision and a judgement for the 1993 Social Services subsidy of $1,080,219. This amount is recorded in the Social Services Fund as a receivable which is fully reserved in the fund balance. The State has appealed the decision. At December 31, 1993, the County had $4,477, 752 plus $67,863 interest invested in a government securities fund. This fund was frozen in 1991 by the Securities and Exchange Commission pending outcome of criminal investigations of the securities dealers and the County initiated litigation to recover damages. As of December 31, 1993, this litigation continues against three substantial business entity defendents. There is a reasonable possibility that an investment loss may ultimately be realized. An estimate of the loss or range of loss cannot be made due to the status of the litigation. (58) COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1993 Effective July 1, 1986, the County joined Colorado Counties, Incorporated's Casualty and Property Pool which covers all casualty and property claims with a $125,000 self-insurance retention. Worker's compensation remains self-insured with a $300,000 per occurrence. 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 an act of the Colorado General Assembly, the Weld County Public Trustee is to be deemed an agency of the County 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 1/1/93 Additions Deletions 12/31/93 Assets $ 45, 740 $1,800,008 $1, 784,360 $ 61,388 Liabilities 45, 740 1,800,008 1,784,360 61,388 Note 12 - Residual Equity Transfers: A reconciliation of residual equity transfers is as follows: Residual Deletions Equity from Transfers Contributed Year Ended December 31, 1993 In (Out) Capital General Fund $ 19,450 $ 0 Ambulance Fund 0 5,170 Motor Vehicle Fund 0 14,280 TOTALS (59) $ 19,450 $ 19,450 tsottts wine COLORADO (59-A) COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS, AND SCHEDULES a isti litRe COLORADO GENERAL FUND The General Fund accounts for all financial transactions of the County that are not properly accounted for in other funds. Ordinary operations of the County such as public safety, county administration and other activities financed from taxes and general revenues are reflected in this fund. In compliance with GASB statement #6 Special Assessment Districts for Elmore Road, Road #5, Antelope Hills 1 and Indian Hills are reported in General Fund. hiDe COLORADO COUNTY OF WELD STATE OF COLORADO GENERAL FUND Balance Sheets December 31, 1993 With Comparative Amounts as of December 31, 1992 1993 1992 ASSETS ASSETS: Cash and short-term investments $ 2,198,934 $ 3,198,120 Receivables (net of allowance for uncollectibiles): Current property taxes 15,789,184 14,719,449 Delinquent property taxes 101,935 189,114 Accounts 177,399 116,509 Special assessment 278,006 379,014 Due from other County funds 526,536 81,107 Due from other governmental units 186,616 232,408 Advances to other funds 200,000 200,000 Inventories 37,517 37,517 Other assets 39,843 43,650 TOTAL ASSETS $ 19,535,970 $ 19,196,888 LIABILITIES AND FUND BALANCE LIABLITIES: Accounts payable $ 764,029 $ 481,914 Accrued liabilities 559,733 572,007 Due to other County funds 343,866 1,192,311 Deferred revenue 16,101,534 15,173,908 Unexpended grant revenue 426,703 166,670 Advance from other funds 75,000 75,000 Total Liabilities 18,270,865 17,661,810 FUND BATANCE: Reserved for encumbrances 290,262 133,816 Reserved for advances to other funds 200,000 200,000 Reserved for other assets 39,843 43,650 Reserved for inventories 37,517 37,517 Unreserved: Designated for future years' expenditures 191,464 175,000 Undesignated 506,019 945,095 Total Fund Balance 1,265,105 1,535,078 TOTAL LIABILITIES AND FUND BALANCE $ 19,535,970 $ 19,196,888 (60) COUNTY OF WELD STATE OF COLORADO GENERAL FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual REVENUES: TARES: General property taxes $ 14,781,806 $ 14,718,304 $ (63,502) $ 14,259,354 Severance tax 41,365 41,365 0 28,486 Tobacco products 90,000 85,808 (4,192) 70,524 Penalties 4 interest 0 41,241 41,241 48,007 Property tax adjustment 0 0 0 (16,127) Total taxes 14,913,171 14,886,718 (26,453) 14,390,244 LICENSES AND PERMITS: Liquor licenses 4,000 3,374 (626) 4,206 Plow permits 700 734 34 508 Planning permits 240,000 228,343 (11,657) 176,094 Building permits 409,994 413,867 3,873 318,499 Electrical permits 57,000 70,117 13,117 52,095 Cable franchise 3,250 6,147 2,897 0 Total Licenses and Permits 714,944 722,582 7,638 551,402 INTERGOVERNMENTAL: Federal grants 2,000 51,778 49,778 215,425 Payment in lieu of taxes 30,000 29,891 (109) 29,891 State Grants 2,574,460 2,539,391 (35,069) 2,487,398 District Attorney 38,000 38,000 0 38,000 Veterans office 600 550 (50) 400 Other governmental units 24,000 55,526 31,526 50,475 Cities 6 towns 126,400 135,865 9,465 180,956 Total Intergovernmental 2,795,460 2,851,001 55,541 3,002,545 CHARGES FOR SERVICES: Plan checking fees 22,000 23,498 1,498 28,627 Books 2,400 1,845 (555) 5,943 Charges for services 1,143,714 1,065,848 (77,866) 798,798 Sale of supplies 22,300 26,394 4,094 27,926 City contracts 84,463 76,291 (8,172) 79,340 Parking 12,000 11,188 (812) 12,400 Refuse disposal 1,800 1,014 (786) 1,135 Weed spraying 6,000 6,209 209 10,454 Total Charges for Services 1,294,677 1,212,287 (82,390) 964,623 FINES AND FORFEITURES: Property forfeitures/evidence 16,850 14,597 (2,253) 12,393 Fines (drunk drivers) 25,000 21,810 (3,190) 21,882 Total Fines and Forfeitures 41,850 36,407 (5,443) 34,275 (61) COUNTY OF WELD STATE OF COLORADO GENERAL FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 REVENUES (CONTINUED); Budget Actual Actual Variance MISCELLANEOUS; Miscellaneous Interest 5 639,173 s 17,326 $ (56,274) $ 16,166 Rents from land 642,020 2,847 630,930 13,500 14,055 555 29,972 Rents from buildings 221,250 217,886 (3,364364) 293,824 Royalties 325,000 Special assessments 889,369 317,788 (7,212) 192,854 990,116 100,747 995,854 I Other 65,050 118,264 53,214 191,616 A Contributions 0 88,409 88,409 4,616 In kind 0 04 Sale of assets 11,400 11,490 0 77,793 90 4,343 1, Total Miscellanenous 2,238,342 2,417,354 179,012 2,437,968 FEES, Sheriff's fees 104,050 105,893 1,843 98,157 T., Inmate bond fees 36,000 33,580 2,420 Fee account4 ) 36,911 0 43,335 43,335 56,765 DUI fees 110,000 97,146 (12,854) 80,602 Bond application fees 0 65,550 Clerk & Recorder fees 1,585,000 1,681,481 96,481 1,576,311 65,550 0 ITreasurer's fees Advertising 580,000 587,034 7,034 576,301 I. Assessor's fees 50,000 38,972 (11,028) 45,739 24,000 35,031 11,031 127,499 { Bad check fees 17,000 16,543 0 929 Community service fees (457) 25,053 Investigation fees 7,000 8,327 929 335 1,327 Cable fees 10,800 5,171 11,011 211 10,891 4 Total Fees 2,523,850 2,724,832 200,982 2,490,443 Total Revenues 24,522,294 24,851,181 328,887 23,871,499 EXPENDITURES: GENERAL GOVERNMENT: Office of the Board 335,890 333,128 2,762 310,114 i County Attorney 449,168 435,624 13,544 454,395 Public Trustee 2,981 1,019 Planning and zoning 300,70 573,331 253,610 47,147 Clerk to the Board 94,403244,689 County Clerk 71,617 14,465 78,761 1,176,079 Elections and registration 403,401 1,326,017 4,462 983,203 326,081 77,320 494,396 County Treasurer 556,321 542,800 13,521 509,145 County Assessor 1,735,654 1,663,297 72,357 1,535,838 Maintenance of buildings/grounda 1,766,209 1,712,609 73,600 County Council 20 985 1,447,121 District Attorney 1,262,864 28,578 14,286 10,654 Juvenile Diversion Grant 166,209 5,254 142,375 1,166,209 34,286 1,142,375 y. Victim Assistance 171,463 113,485 308,728 (195,243) 309,371 Pat - Diversion 150 0 150 28,613 Financial administration 171,136 163,294 7,842 158,298 General accounting 509,573 498 583 z Purchasing , 10,990 130,285 107,252 97,757 9 Personnel 205,797 201,382 41415 130,285 Y 172,613 Total General Government 9,404,587 9,199,985 204,602 8,847,505 s , 4 I 5 (62) 5 } COUNTY OF WELD STATE OF COLORADO GENERAL FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual EXPENDITURES (CONTINUED): PUBLIC SAFETY: $ 1,112,055 $ 1,013,318 $ 98,737 $ 1,218,992 Sheriff administration 2,663,164 2,576,391 86,773 2,788,092 Crimecontrol and investigations 2,663,164 40,869 (1,869) 4,209 Posse/special deputies 286,716 254,461 32,255 214,237 Task force 85 723 80,045 5,678 69,738 Regional forensic laboratory 962,327 951,540 10,787 1,040,771 Communications services 102000 1,250 100,750 0 E-91aadmiin system development ,700 218 482 1,044 Cri1 administration 900,000 998,796 (98,796) 0 Criminal justice 132,835 137,628 (4,793) 107,119 County Coroner 3,742,440 3,799,573 (57,133) 3,277,382 Correctional rectiontration 1,700,288 1,740,180 (39,892) 1,652,344 Community correction Delinquents c other institutions 147,972 138,600 9,372 149,347 Building ld ins Bu c ga rvpe DUI o 340,953 300,045 40,908 285,279 inn 58,839 60,249 (1,410) 48,895 Office of emergency management 5,648 5,648 0 5,648 Anima water management 86,505 84,518 1,987 78,219 Animal control 156,641 153,539 3,102 192,290 Pest/weed control Total Public Safety 12,523,806 12,336,868 186,938 11,321,924 PUBLIC WORES: 397,104 392,397 4,707 389,763 General engineering 251,859 251,083 776 234,371 Extension services 43,132 35,955 7,177 38,691 Veterans office 50,000 50,000 0 0 Airport Total Public Works 742,095 729,435 12,660 662,825 PUBLIC HEALTH AND WELFARE: 128,931 128,931 0 120,414 Mental health 97,365 67,805 29,560 97,365 Developmentally disabled 11,700 11,700 0 11,700 Seniors program 50,000 50,000 0 50,000 Economic development Total Public Health and Welfare 287,996 258,436 29,560 279,479 CULTURE AND RECREATION: 2,800 872 1,928 1,694 Missle County site park 48,359 88,134 (39,775) 101,992 County fair Total Culture and Recreation 51,159 89,006 (37,847) 103,686 (63) COUNTY OF WELD STATE OF COLORADO GENERAL FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual EXPENDITURES (CONTINUED): ECONOMIC ASSISTANCE: $ 422,564 $ 332,603 $ 89,961 $ 934,678 Community development MISCELLANEOUS: 709,932 614,440 95,492 290,007 Other 300,000 300,000 0 230,000 IRB building rents Total Miscellaneous 1,009,932 914,440 95,492 520,007 CAPITAL OUTLAY: 76,183 65,543 10,640 81,939 Equipment 19,200 19,200 0 0 Elections and registration 0 2,511 (2,511) 0 Maintenance of buildings/grounds1000 871 129 0 District Attorney 20,465 19,790 675 15,950 Tasks control and investigations 9,545 9,749 (204) 3,274 Task force 10,094 10,036 58 5,583 Regional forensic laboratory 73,000 0 73,000 0 Communication system development 000 15,703 297 14,313 16, Correctional administration 0 635 (635) 0 Community correction 4,681 4,719 0 Office of emergency management 9,400 Community development 0 28,046 (28,046) 0 Total Capital Outlay 234,887 176,765 58,122 121,059 DEBT SERVICE: 243449 315,046 (71,597) 174,194 I building rents , 0 15,763 (15,763) 25,750 Other Total debt service 243,449 330,809 (87,360) 199,944 Total Expenditures 24,920,475 24,368,347 552,128 22,991,107 OTHER FINANCING SOURCES (USES): OPERATING TRANSFERS - IN: 316,974 316,974 0 1,470,000 Non-Depart on 21,000 21,000 0 0 Communication system 0 0 0 28,665 Pam - Diversion Total Operating Transfers - In 337,974 337,974 0 1,498,665 OPERATING TRANSFERS - OUT: 1,182,231 1,110,231 72,000 2,351,147 Appropriation Grants-In-Aid Total Other Financing Sources (Uses) (844,257) (772,257) 72,000 (852,482) EXESSS OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES (1,242,438) (289,423) 953,015 27,910 AND OTHER FINANCING USES I. FUND BALANCE AT BEGINNING OF YEAR 1,535,078 1,535,078 0 1,487,068 Residual Equity Transfer 0 19,450 19,450 20,100 FUND BALANCE AT END OF YEAR $ 292,640 $ 1,265,105 $ 972,465 $ 1,535,078 (64) (65) SPECIAL REVENUE FUNDS Special Revenue Funds are established to account for taxes or other earmarked revenues of the County which specified activities as required by law or administrative action. art WhAt COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1993 Public Works Fund: The Public Works 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. In compliance with GASB statement #6 Special Assessment Districts Antelope Hills 2, Northmoore Acres, Casa Grande, Knaus, 71st Avenue, Basswood Avenue, and 83rd Avenue are reported in the Public Works Fund. 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. Emergency Fund: The Emergency Fund accounts for the "Emergency Reserve" required by "Amendment One" to the Colorado constitution. 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. (66) COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET December 31, 1993 With Comparative Amounts as of December 31, 1992 Social Conservation Public Works Services Trust Contingent Emergency Fund Fund Fund Fund Fund ASSETS ASSETS: $ 3,109,338 $ 3,997,983 $ 35,709 $ 4,762,353 $ 1,202,727 Cash and short-term investments Receivables (net of allowance for uncollectibles)s 3,102,446 2,561,943 0 1,707,84 397,273 Current property taxes 24,929 20,319 0 9,96 0 Delinquent property taxes0 Accounts 204,017 2,064 84 0 0 Special assessment 401,633 0 Due from other County funds 442,301 2,216 13,370 0 Due from other governmental units 12,037 1,339,050 62,144 0 , 0 0 Advances to other funds 568378 0 0 0 0 0 440,94 Inventories 0 7,066 0 0 Other assets TC/TAL ASSETS $ 7,865,079 $ 7,930,641 $ 111,307 $ 6,921,11 $ 1,600,000 LIABILITIES AND FUND BALANCES LIABILITIES: $ 333,842 $ 684,645 $ 0 $ 0 $ 0 Accounts payable 171,544 84,642 0 223,207 0 Due to other County funds 0 (24,595) 0 0 0 Due to other governments 134,207 160,583 0 0 0 Accured liabilities0 0,583 0 0 0 Other liabilities 3,481,789 2,593,373 0 1,729,542 400,000 -. Deferred revenue 352,283 2,639,254 0 0 0 Unexpended grant revenue 0 440,948 0 0 0 Advances from other funds Total Liabilities 4,473,665 6,588,607 0 1,952,748 400,000 FUND RATANCESs 877,672 0 0 0 0 Reserved for encumbrances 0 7,066 0 0 0 Reserved for other assets 568,378 0 0 0 0 Reserved for inventories 0 0 0 0 800,000 Reserved for emergencies 0 0 0 440,948 0 Reserved for advances to other funds 0 1,080,219 0 4,477,752 0 Reserved for claims Unreserved: 700,000 254,749 0 49,663 400,000 Designated for future years' expenditures 1,245,364 0 111,307 0 0 Undesignated Total Fund Balances 3,391,414 1,342,034 111,307 4,968,363 1,200,000 TOTAL LIABILITIES AND FUND BALANCES $ 7,865,079 $ 7,930,641 $ 111,307 $ 6,921,111 $ 1,600,000 1 (67) • Totals Public Bunn Housing Health .Resources Solid Waste Authority December 31 December 31 Fund Fund Fund quad 1993 1992 $ 442.243 $ 354,463 $ 367,181 3 304,725 $ 14,576,724 3 11.959,445 O 0 0 7,769,503 7,728.829 0 0 0 55,217 104,206 214,165 335.69 99,361 16,906 872,295 633,831 O 0 0 401,633 249,590 380 715 3.156 462,138 1,160,433 0 531,87 0 24,273 1,969,376 1,084,548 0 75,000 0 515,948 75,000 653 455,09 0 0 1,024,123 1,050,728 1,184 1,93 0 94,125 104,508 100,766 $ 658,625 3 1,679,060 3 542.257 f 443,385 3 27,751,465 3 24.147,176 no===.. mssammassscs $ 51.104 $ 59,762 3 39,474 3 38,327 3 1.207,354 3 1,017,443 2,059 99,671 472 5,384 586.879 370,390 O 0 0 12.662 (11.933) 57,837 72,589 203,962 627 5,211 579,179 528.183 O 54.689 0 0 58.062 58,532 12,488 0 75,000 0 8,298.675 8,174,907 22.082 472,749 0 7,267 3.493.635 3,530.251 O 0 0 0 440,948 0 160,322 892,833 115,573 69,051 14,632.799 13,737,543 19,402 8.586 270,842 0 1,176,502 521.737 1.184 1,933 0 94,325 104,508 100,766 633 0 0 0 569,031 570,206 O 0 0 0 800,000 800.000 O 0 75,000 0 515.948 75,000 0 0 0 0 5,557,971 4,591,752 O 0 0 0 1,404,412 1.220,759 477,064 775,708 80,842 280,009 2,970,294 2,529,611 498,303 786,227 426,684 374,334 13,098,666 10.409,833 $ 658,625 $ 1,679,060 $ 542.257 $ 443,385 3 27,751,465 $ 24,147,376 (68) !2:! ! ; ; ; § -- \ //§\§§§ } G }} \ \ \ } \j}\\ - \} \ \ \\ \ 3 ill , "2'r e 0004.00 4 , .. 0 „ • k ( ' F \ \ r - \ \ ))] ■ . /[ 0 - } \| g 1 ° . , ��,/�}� / , — ®222 / . § . . [ § §1 )�] °'}\ ) ,/.0,4 ! 7 ■° 4 \ \ § § �� ` . 0°0°, ° 000„00 2 - 1 0 §° § § § § E k— ; Ij :00000 - " § | ,.,0000 0 u 0} } \ � » \ . § �I 1� - - ( } ! , ,; p , Y ' .}2 `) E°°;° ! § ; k 2 4 i 5F| � - � � - ]j. !°§°; ` °°° § 2 00 2 = !r) \ \ } °\° ° § ° ) § \ " ^g ,,, ; Eli .H 1--- ) \° \ O �° . . . ! ! } Q§ •:I k �,g T OE2 f . . )r§! E ( unn f $E; \ ° )4] ,., . n!= »BL § M &E. ."g: ! k p B§a ® P—k ] ;] § llil' ' [@ r0" 2 §qm 4 ", §..,p a. § ,, ° § n § §§ ] �I]]§§! | ! �E ) / th ] ] |l ,l 8,��,,,�, a .P ,§§ gw�.0z m0 d4 g. g00 B 1 1 COLORADO COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS PUBLIC WORKS FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts for the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual REVENUES: TAXES: General property taxes $ 3,123,749 $ 3,118,569 $ (5,180) $ 3,809,758 Specific ownership taxes 1,764,075 2,022,709 258,634 1,385,218 Penalties 4 interest 0 8,715 8,715 12,767 Total Taxes 4,887,824 5,149,993 262,169 5,207,743 LICENSES AND PERMITS: Moving permits 370,000 397,876 27,876 282,472 INTERGOVERNMENTAL: Mineral leasing 30,000 44,894 14,894 43,703 Grazing act 44,125 51,711 7,586 138,932 Payment in lieu of taxes 10,000 10,027 27 10,027 Grant 0 0 0 9,000 Motor vehicle registration fees 210,000 243,763 33,763 235,233 Highway user tax fund 6,829,574 6,094,482 (735,092) 5,295,505 State maintenance agreement 15,472 9,025 (6,447) 12,893 Total Intergovernmental 7,139,171 6,453,902 (685,269) 5,745,293 CHARGES FOR SERVICES: Charges for services 239,000 747,776 508,776 177,115 MISCELLANEOUS: Earnings on deposits 20,000 25,365 5,365 26,683 Special assessments 90,000 251,252 161,252 419,239 Miscellaneous 0 0 0 6,643 Other 17,000 124,089 107,089 13,548 Recovery of losses 10,000 10,000 0 3,922 Total Miscellaneous 137,000 410,706 273,706 470,035 Total Revenues $ 12,772,995 $ 13,160,253 $ 387,258 $ 11,882,658 (71) COUNTY OF '''Ei.J STATE OF COLORADO SPECIAL REVENUE FUNDS PUBLIC WORKS FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts for the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual EXPENDITURES: PUBLIC WORKS: Bridge construction $ 1,373,694 $ 1,095,900 $ 277,794 $ 1,091,169 Maintenance of condition 2,181,788 2,245,928 (64,140) 2,137,315 Maintenance support 1,146,013 1,001,306 144,707 970,359 Trucking division 1,269,455 1,358,123 (88,668) 1,323,598 Mining division 1,331,567 1,055,424 276,143 997,325 Administration 285,220 269,318 15,902 264,538 Other public works 6,266,380 4,651,177 1,615,203 4,502,295 Total Public Works 13,854,117 11,677,176 2,176,941 11,286,599 INTERGOVERNMENTAL: Grants-in-aid to cities/towns 665,316 667,306 (1,990) 809,896 Total Expenditures 14,519,433 12,344,482 2,174,951 12,096,495 OTHER FINANCING SOURCES (USES): OPERATING TRANSFERS - IN: Contingent 475,967 55,417 (420,550) 0 Non-Departmental 0 0 0 356,837 OPERATING TRANSFERS - OUT: 0 0 0 (973,966) Other public works Total Other Financing Sources (Uses) 475,967 55,417 (420,550) (617,129) EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES (1,270,471) 871,188 2,141,659 (830,966) FUND BALANCE AT BEGINNING OF YEAR 2,520,226 2,520,226 0 3,351,192 FUND BALANCE AT END OF YEAR $ 1,249,755 $ 3,391,414 $ 2,141,659 $ 2,520,226 (72) COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS SOCIAL SERVICES FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts for the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual REVENUES: TAXES: General property taxes E 2,579,537 E 2,572,367 $ (7,170) $ 3,129,935 Specific ownership taxes 0 0 0 239,167 Penalties 6 interest 0 7,197 7,197 10,493 Total Taxes 2,579,537 2,579,564 27 3,379,595 INTERGOVERNMENTAL: Federal grants 94,000 66,194 (27,806) 84,813 Welfare (SS) 26,228,638 26,212,999 (15,639) 23,238,312 Total Intergovernmental 26,322,638 26,279,193 (43,445) 23,323,125 MISCELLANEOUS: Earnings on deposits 0 3,106 3,106 2,137 Miscellaneous 0 2,402 2,402 0 Total Miscellaneous 0 5,508 5,508 2,137 Total Revenues 28,902,175 28,864,265 (37,910) 26,704,857 EXPENDITURES: PUBLIC HEALTH AND WELFARE: Non-Departmental 0 (21,283) 21,283 (4,999) Administrative - regular 3,522,474 3,546,139 (23,665) 3,348,937 Administrative - IV-D 733,201 719,945 13,256 703,885 Institutional care 213,400 174,550 38,850 140,468 Food stamps 8,950,000 8,838,166 111,834 8,901,600 Jobs - IV-F 345,462 235,169 110,293 290,303 Employment first 101,000 106,068 (5,068) 114,241 General assistance 132,000 163,053 (31,053) 108,964 AB 6,000 0 6,000 3,760 AFDC 6,406,000 6,050,783 355,217 6,212,627 AND - State 528,800 428,094 100,706 461,378 CW - FC 1,361,000 2,277,611 (916,611) 991,545 AFDC - FC 1,086,160 157,330 928,830 1,046,513 Day care 2,177,500 2,215,705 (38,205) 1,477,425 Medicaid transportation 10,000 8,363 1,637 8,761 (73) COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS SOCIAL SERVICES FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts for the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual EXPENDITURES (CONTINUED):Non-contractual case services $ 16,000 $ 14,459 $ 1,541 $ 11,002 OAP - A 1,630,000 1,503,833 126,167 1,435,520 Placement alternative care 458,948 434,081 24,867 372,007 Staff development 9,000 1,178 7,822 3,418 Medical examinations 10,000 6,919 3,081 7,805 IV-D 0 (680) 680 Administrative - LEAP 49,230 44, 607 4,623 54,930 Administrative - LEAP outreach 17,000 27,322 (10,322) 30,788 1,000,000 949,404 50,596 719,949 LEAP - regular 35,000 11,327 23,673 14,747 '. LEAP - emergency 94,000 61,362 32,638 85,340 FEMA Total Public Health and Welfare 28,892,175 27,953,505 938,670 26,541,594 CAPITAL OUTLAY: 10,000 23,133 Administrative - regular 10,000 0 1,478 FEMA 0 0 0 Total Capital Outlay 10,000 0 10,000 24,611 Total Expenditures 28,902,175 27,953,505 948,670 26,566,205 OTHER FINANCING SOURCES (USES): OPERATING TRANSFERS - OUT: 0 0 0 (28,665) Placement alternative care EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES 0 910,760 910,760 109,989 YUND BALANCE AT BEGINNING OF YEAR 431,274 431,274 0 321,287 FUND BALANCE AT END OF YEAR $ 431,274 $ 1,342,034 $ 910,760 $ 431,274 (74) COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS CONSERVATION TRUST FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts for the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual REVENUES: INTERGOVERNMENTAL: $ 220,000 $ 264,371 $ 44,371 $ 220,219 State lottery MISCELLANEOUS: 5,000 1,952 (3,048) 3,379 Earnings on deposits 225,000 266,323 41,323 223,598 Total Revenues EXPENDITURES: CULTURE AND RECREATIONS 215,993 215,992 1 209,105 Land improvements CAPITAL OUTLAY: . 175,827 113,632 62,195 0 Land improvements Total Expenditures 391,820 329,624 62,196 209,105 OTHER FINANCING SOURCES (USES): 0 (93,820) OPERATING TRANSFERS - OUT: 0 0 Land improvements EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES (166,820) (63,301) 103,519 (79,327) AND OTHER FINANCING USES FUND BALANCE AT BEGINNING OF YEAR 174,608 174,608 0 253,935 FUND BALANCE AT END OF YEAR $ 7,788 $ 111,307 $ 103,519 $ 174,608 (75) COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS CONTINGENT FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts for the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual REVENUES: TARES: General property taxes $ 2,052,084 $ 2,044,027 $ (8,057) $ 931,018 Specific ownership taxes 0 0 0 71,081 Penalties 6 interest 0 5,723 5,723 3,119 Total Revenues 2,052,084 2,049,750 (2,334) 1,005,218 EXPENDITURES 0 0 0 0 OTHER FINANCING SOURCES (USES): OPERATING TRANSFERS - IN:Other 0 0 0 4,253,649 OPERATING TRANSFERS - OUT: Other (2,244,992) (1,804,044) 440,948 (1,450,000) Total Other Financing Sources (Uses) (2,244,992) (1,804,044) 440,948 2,803,649 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES (192,908) 245,706 438,614 3,808,867 FUND BAT. CE AT BEGINNING OF YEAR 4,722,657 4,722,657 0 913,790 FUND BALANCE AT END OF YEAR $ 4,529,749 $ 4,968,363 $ 438,614 $ 4,722,657 • (76) COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS EMERGENCY FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts For The Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual REVENUE $ 0 $ 0 $ 0 $ 0 800,000 0 800,000 0 EXPENDITURES OTHER FINANCING SOURCES (USES): OPERATING TRANSFERS - IN: 0 400,000 400,000 800,000 Non-Departmental EXCESS OF REVENUES AND O;TBER FINANCING SOURCES OVER (UNDER) EXPENDITURES (800,000) 400,000 1,200,000 800,000 AND OTHER FINANCING USES FUND BALANCE AT BEGINNING OF YEAR 800,000 800,000 0 0 FUND BALANCE AT END OF YEAR $ 0 $ 1,200,000 $ 1,200,000 $ 800,000 • (77) • STATE OF COLORADO SPECIAL REVENUE FUNDS PUBLIC HEALTH FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual REVENUES: LICENSES AND PERMITS: Health license $ 8,000 $ 9,373 $ 1,373 $ 6,982 INTERGOVERNMENTAL: State grants 588,440 783,964 195,524 583,700 Health 24,008 19,023 (4,985) 29,682 Counties 0 0 0 8,743 Total Intergovernmental 612,448 802,987 190,539 622,125 CHARGES FOR SERVICES: Charge for services 12,500 8,092 (4,408) 87,346 Vital statistics 51,000 63,979 12,979 60,243 Protective inspection fees 44,500 45,195 695 41,513 Clinic fees 163,931 197,141 33,210 140,676 Septic 92,000 107,658 15,658 86,637 Water 97,000 98,140 1,140 90,360 Total Charges for Services 460,931 520,205 59,274 506,775 MISCELLANEOUS: Miscellaneous 0 0 0 86 Sale of assets 0 1,500 1,500 0 Recovery of losses 0 0 0 100 Rental income 0 0 0 (40) Other 23,224 16,198 (7,026) 23,948 Total Miscellaneous 23,224 17,698 (5,526) 24,094 Total Revenues 1,104,603 1,350,263 245,660 1,159,976 EXPENDITURES: PUBLIC HEALTH AND WELFARE: Public health administration 147,026 100,490 46,536 84,163 Nursing 1,441,426 1,364,745 76,681 1,333,078 Environmental health 769,597 691,698 77,899 720,682 Total Public Health and Welfare 2,358,049 2,156,933 201,116 2,137,923 CAPITAL OUTLAY: Nursing 2,000 701 1,299 0 Environmental health 49,850 40,230 9,620 0 Total Capital Outlay 51,850 40,931 10,919 0 Total Expenditures 2,409,899 2,197,864 212,035 2,137,923 OTHER FINANCING SOURCES (USES): OPERATING TRANSFERS - IN: Non-Departmental 1,076,880 1,076,880 0 1,116,939 OPERATING TRANSFERS -OUT: Public health administration 0 0 0 (127,483) Total Other Financing Sources (Uses) 1,076,880 1,076,880 0 989,456 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER)EXPENDITURES AND OTHER FINANCING USES (228,416) 229,279 457,695 11,509 FUND BALANCE AT BEGINNING OF YEAR 269,024 269,024 0 257,515 FUND BALANCE AT END OF YEAR $ 40,608 $ 498,303 $ 457,695 $ 269,024 (78) (.0:1'T1 OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS HUMAN RESOURCES FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For The Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual REVENUES, INTERGOVERNMENTAL: Federal grants $ 4,376,850 $ 5,478,975 $ 1,102,125 $ 4,948,629 Other 0 33,609 33,609 248,302 State grants 1,965,447 788,295 (1,177,152) 711,202 Total Intergovernmental 6,342,297 6,300,879 (41,418) 5,908,133 CHARGES FOR SERVICES: Charges for services 232,525 351,305 118,780 275,644 MISCELLANEOUS: Donations from private sources 88,000 113,472 25,472 67,138 Welfare diversion 70,000 72,367 2,367 57,429 Total Miscellaneous 158,000 185,839 27,839 124,567 Total Revenues 6,732,822 6,838,023 105,201 6,308,344 EXPENDITURES: ECONOMIC ASSISTANCE: JTPA technical assistance 4,000 3,967 33 4,465 JTPA performance incentive 55,000 55,660 (660) 8,483 Dislocated farmers 0 0 0 6,605 JTPA 8% education coordination 44,867 32,841 12,026 4,433 JTPA 6% T.A.T. SDA to SDA 0 0 0 9,585 JTPA older workers 33,000 23,908 9,092 33,116 JTPA Title III marketing 0 0 0 (3,878) Non-trade jobs 0 21,525 (21,525) 0 JTPA NIA 100,000 108,561 (8,561) 0 JTPA IIC 100,000 68,511 31,489 0 EDWAA 10% displaced worker 70,708 51,786 18,922 107,784 EDWAA 10% displaced homemaker 15,331 9,269 6,062 21,942 EDWAA 402 displaced worker 20,000 14,909 5,091 5,088 JTPA basic 453,441 404,512 48,929 388,818 JTPA NIA basic 700,037 496,697 203,340 758,917 Job service 203,703 193,151 10,552 194,843 Grants 5,000 5,501 (501) 4,999 Employment first 139,790 94,643 45,147 106,226 U.I. training program 28,000 27,550 450 0 Jobs/New directions program 207,387 115,795 91,592 125,103 State - pre-school 183,928 174,596 9,332 235,239 Head start 1,056,030 1,234,370 (178,340) 1,002,982 Head start handicap 22,700 17,064 5,636 21,613 Head start T 6 TA 16,500 16,034 466 15,178 Migrant hdst/day care basic 985,791 1,052,083 (66,292) 992,772 CSBG 157,000 152,626 4,374 162,336 Migrant head start-handicap 30,000 20,502 9,498 6,700 Head start - high scope 0 0 0 125 Migrant headstart T 6 T A 9,500 5,811 3,689 8,446 Supplemental foods 1,175,999 1,436,439 (260,440) 1,001,703 DOE weatherization 11,700 10,440 1,260 19,305 AM elder abuse 2,300 2,556 (256) 223 HOBS 55,000 42,643 12,357 59,213 OAA area agency 50,451 45,590 4,861 47,680 OAA title III-11 100,500 91,030 9,470 92,661 AAA case management 0 2,587 (2,587) 4,363 AM legal aide IIB 33,000 17,629 15,371 25,720 AM ombudsman II-B 22,000 41,060 (19,060) 33,125 Urban mass-transportation adm. 32,000 31,702 298 10,300 (79) COUNTY OF WELD STATE OF COLORADO SPECIAL REVENUE FUNDS HUMAN RESOURCES FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For The Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual EXPENDITURES (CONTINUED): OM title III C-I congregate 261,693 275,981 (14,288) 290,266 OAA title III-C 61,000 63,527 (2,527) 58,633 OAA in home support 4,000 6,172 (2,172) 3,420 Title IV training 0 4,606 (4,606) 991 Human resources general fund 232,525 269,044 (36,519) 294,158 Transportation 0 30 (30) 0 Client wage pool 0 15,018 (15,018) 11,455 Welfare diversion/County reimbursement 0 85,117 (85,117) 76,665 General administration allocation 53 0 53 0 HODS allocation 15 0 15 0 Transportation allocation 176 0 176 0 Human resources lab pool 0 78,654 (78,654) 76,641 Total Economic Assistance 6,684,125 6,921,697 (237,572) 6,328,442 CAPITAL OUTLAY: JPTA 8% education coordination 0 13,932 (13,932) 0 Migrant bdet/day care basic 0 0 0 4,389 Transportation 320,000 0 320,000 144,821 Total Capital Outlay 320,000 13,932 306,068 149,210 Total Expenditures 7,004,125 6,935,629 68,496 6,477,652 OTHER FINANCING SOURCES (USES): OPERATING TRANSFERS - IN: OAA area agency 12,351 12,351 0 12,351 Human resources general fund 0 0 0 104,745 Total Other Financing Sources 12,351 12,351 0 117,096 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES (258,952) (85,255) 173,697 (52,212) FUND BALANCE AT BEGINNING OF YEAR 871,482 871,482 0 923,694 FUND BALANCE AT END OF YEAR $ 612,530 $ 786,227 $ 173,697 $ 871,482 (80) STATE OF COLORADO SPECIAL REVENUE FUNDS SOLID WASTE FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual REVENUES: CHARGES FOR SERVICES: $ 835,000 $ 908,793 $ 73,793 $ 445,531 Landfill surcharge Total Revenues 835,000 908,793 73,793 445,531 EXPENDITURES: MISCELLANEOUS: 664,010 (20,366) 21,216 Other 643,644 21,125 22,572 (1,447) 0 Miscellaneous 0 0 374 Solid waste 76,740 55,057 21,683 118,352 Code enforcement Total Miscellaneous 741,509 741,639 (130) 139,942 CAPITAL OUTLAY: 393,491 85,324 308,167 0 Code enforcement Total Expenditures 1,135,000 826,963 308,037 139,942 OTHER FINANCING SOURCES (USES): OPERATING TRANSFERS - OUT: 0 0 0 (570,600) Code enforcement EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES (300,000) 81,830 381,830 (265,011) AND OTHER FINANCING USES FUND BALANCE AT BEGINNING OF YEAR 344,854 344,854 0 609,865 FUND BALANCE AT END OF YEAR $ 44,854 $ 426,684 $ 381,830 $ 344,854 i (81) COUNTY OF WELL) STATE OF COLORADO SPECIAL REVENUE FUNDS HOUSING AUTHORITY FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual REVENUES: INTERGOVERNMENTAL: Federal grants $ 2,149,800 $ 1,650,429 $ (499,371) $ 1,482,153 CDBG loan proceeds 75,000 108,806 33,806 50,730 Other 0 0 0 25,174 Total Intergovernmental 2,224,800 1,759,235 (465,565) 1,558,057 MISCELLANEOUS: Earnings on deposits 153,000 4,575 (148,425) 4,978 Total Revenues 2,377,800 1,763,810 (613,990) 1,563,035 EXPENDITURES: ECONOMIC ASSISTANCE: Other 153,000 0 153,000 0 Administrative 81,455 78,354 3,101 78,524 Housing assistance 591,600 613,356 (21,756) 539,917 Housing vouchers preliminary 0 0 0 3,300 Housing voucher administrative 83,849 89,344 (5,495) 79,981 Housing voucher payments 657,216 690,893 (33,677) 650,088 Housing preservation grant-administration 14,464 14,465 (1) 3,305 Housing preservation grant 44,230 27,677 16,553 6,690 Rental rehabilitation administration 0 (516) 516 3,382 Housing development grant 87,778 39,511 48,267 0 CDBG direct administrative 43,308 11,591 31,717 34,003 CDBG contract payments 272,000 87,314 184,686 94,390 1992 CDBG project-SW Weld 0 1,500 (1,500) 18,500 CDBG RCCF project 0 0 0 20,000 Home general administration 14,500 5,329 9,171 0 Home rental rehabilitation 330,400 6,366 324,034 0 Total Economic Assistance 2,373,800 1,665,184 708,616 1,532,080 CAPITAL OUTLAY: Administrative 2,000 0 2,000 0 Housing voucher administrative 2,000 0 2,000 0 Total Capital Outlay 4,000 0 4,000 0 Total Expenditures 2,377,800 1,665,184 712,616 1,532,080 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES 0 98,626 98,626 30,955 FUND BALANCE AT BEGINNING OF YEAR 275,708 275,708 0 244,753 FUND BALANCE AT END OF YEAR $ 275,708 $ 374,334 $ 98,626 $ 275,708 (82) (83) CAPITAL PROJECTS FUND Capital Projects Fund are established to account for financial resources used for the acquisition or improvement of the capital facilities of the County. f 1st 6r, COLORADO COUNTY OF WELD STATE OF COLORADO CAPITAL PROJECTS FUND CAPITAL EXPENDITURES FUND Balance Sheets December 31, 1993 With Comparative Amounts as of December 31, 1992 1993 1992 ASSETS ASSETS: 1,071,105 $ 1,234,303 Cash and short-term investments $ Receivables (net of allowance for uncollectibles): 560,486 Current property taxes 595,9065,901 12,027 Delinquent property taxes 2,472 8,768 Accounts 1,724 0 Due from other County funds TOTAL ASSETS $ 1,676,788 $ 1,815,584 LIABILITIES AND FUND BALANCE LIABILITIES: $ 31,298 $ 51,727 Accounts payable 11,532 0 Due to other County funds 605,583 581,160 Deferred revenue 340,856 581,167 Advances from other funds Total Liabilities 989,269 973,750 FUND BALANCE: 470,138 33,820 Reserved for encumbrances Unreserved: 0 50,000 Designated for future years' expenditures 217,381 758,014 Undesignated Total Fund Balance 687,519 841,834 TOTAL LIABILITIES AND FUND BALANCE $ 1,676,788 $ 1,815,584 (85) COUNTY OF WELD STATE OF COLORADO CAPITAL PROJECTS FUND EXPLANATION OF INDIVIDUAL FUND December 31, 1993 Capital Expenditures Fund: This fund accounts for various capital improvement projects on County property. (84) COUNTY OF WELD STATE OF COLORADO CAPITAL PROJECTS FUND CAPITAL EXPENDITURES FUND Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual REVENUES: TARES: $ 569,140 $ 568,375 $ (765) $ 879,170 General property taxes 0 0 0 67,213 Specific ownership taxes 0 1,589 1,589 7,213 Penalties & interest Total Taxes 569,140 569,964 824 949,332 MISCELLANEOUS: 0 30,181 30,181 56,998 Earnings on deposits 8,803 Miscellaneous 84,370 84,540 170 1,803 0 0 Other Total Miscellaneous 84,370 114,721 30,351 67,476 Total Revenues 653,510 684,685 31,175 1,016,808 EXPENDITURES: CAPITAL OUTLAY: 2,257,330 1,489,000 768,330 2,138,636 Buildings Total Expenditures 2,257,330 1,489,000 768,330 2,138,636 OTHER FINANCING SOURCES (USES): 0 0 0 1,978,946 C.O.P. PROCEEDS/WELD FINANCE CORPORATION OPERATING TRANSFERS - IN: 720,000 650,000 (70,000) 0 Non-departmental OPERATING TRANSFERS - OUT: 0 0 0 (2,073,502) Buildings Total Other Financing Sources (Uses) 720,000 650,000 (70,000) (94,556) EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES (883,820) (154,315) 729,505 (1,216,384) AND OTHER FINANCING USES FUND BALANCE AT BEGINNING OF YEAR 841,834 841,834 0 2,058,218 FUND NUANCE AT END OF YEAR $ (41,986) $ 687,519 $ 729,505 $ 841,834 (86) fir- rigur COLORADO (87) ENTERPRISE FUNDS Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises - where the intent of the governing body is that the costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. COLORADO COUNTY OF WELD STATE OF COLORADO ENTERPRISE FUND EXPLANATION OF INDIVIDUAL FUND December 31, 1993 Ambulance Fund: This fund accounts for the ambulance services provided to Weld County. (88) COUNTY OF WELD STATE OF COLORADO ENTERPRISE FUND AMBULANCE FUND Balance Sheets December 31, 1993 With Comparative Amounts as of December 31, 1992 1993 1992 ASSETS CURRENT ASSETS: Cash and short-term investments $ 209,602 $ 12,117 Receivables (net of allowance for uncollectibles): Accounts - ambulance services 322,508 0 Accounts - other 1,238 1,311 Due from other County funds 0 7,440 Due from other governmental units 13,697 100,000 Prepaid expenses 203 0 Total Current Assets 547,248 120,868 FIXED ASSETS: Land 48,496 0 Improvements other than buildings 21,461 48,496 Buildings 648,234 637,099 Machinery and equipment 521,629 550,008 Accumulated depreciation (265,621) (215,123) Total Fixed Assets - Net 974,199 1,020,480 TOTAL ASSETS $ 1,521,447 $ 1,141,348 LIABILITIES AND FUND EQUITY CURRENT LIABILTIES: Accounts payable $ 15,544 $ 32,952 Due to other County funds 7,867 6,105 Accrued liabilities 112,293 121,020 Total Current Liabilities 135,704 160,077 FUND EQUITY: Contributed capital 141,203 146,373 Retained earnings 1,244,540 834,898 Total Fund Equity 1,385,743 981,271 TOTAL LIABILITIES AND FUND EQUITY $ 1,521,447 $ 1,141,348 (89) COUNTY OF WELD STATE OF COLORADO ENTERPRISE FUND AMBULANCE FUND Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual For the Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual OPERATING REVENUES: Charges for services $ 0 $ 336 $ 336 $ 7,440 Rescue unit fees 2,401,660 2,430,198 28,538 2,072,986 Total Operating Revenues 2,401,660 2,430,534 28,874 2,080,426 OPERATING EXPENSES: Bad debt expense 801,850 408,961 392,889 688,338 Personnel services 1,041,080 1,081,365 (40,285) 914,040 Supplies 120,710 98,494 22,216 76,238 Contractual services 98,336 103,595 (5,259) 78,947 Repair and maintenance 88,444 87,718 726 48,894 Depreciation 86,680 128,145 (41,465) 97,035 Other 164,970 158,792 6,178 151,991 Total Operating Expenses 2,402,070 2,067,070 335,000 2,055,483 OPERATING INCOME (LOSS) (410) 363,464 363,874 24,943 NONOPERATING REVENUES: State grants 0 26,952 26,952 100,000 Earnings on deposits 0 14,899 14,899 13,772 Donations 0 0 0 186,364 Other 0 4,327 4,327 5,514 Total Nonoperating Revenues 0 46,178 46,178 305,650 INCOME BEFORE OPERATING TRANSFERS (410) 409,642 410,052 330,593 OPERATING TRANSFERS - IN: Non-Departmental 0 0 0 100,000 OPERATING TRANSFERS - OUT: Ambulance services 0 0 0 (156,609) Total Operating Transfers 0 0 0 (56,609) NET INCOME (410) 409,642 410,052 273,984 RETAINED EARNINGS AT BEGINNING OF YEAR 834,898 834,898 0 560,914 RETAINED EARNINGS AT END OF YEAR $ 834,488 $ 1,244,540 $ 410,052 $ 834,898 (90) Wilk COLORADO (91) 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. A-ttisc:kw !Elk COLORADO COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1993 Motor Vehicle Fund: This fund accounts for the revenue and costs generated by equipment and vehicles rented to the Public Works Fund and to various departments of other County funds. Health Insurance Fund: This fund accounts for the County's self-insured dental and vision coverage. Revenue is generated from contributions from the employees of the County. Disbursements are made after insured claims have been verified and approved. Printing and Supply Fund: This fund accounts for revenue and costs associated with providing printing services and the supply and stores function of the County. Computer Services Fund: This fund accounts for all data processing services provided to the County and other agencies on a cost-reimbursement basis. Insurance Fund: This fund accounts for all insurance costs for the County, except health insurance. The program is a combination of insured risks and protected self- insurance risks. Phone Services Fund: This fund accounts for all phone costs provided to the County and other outside agencies on a cost-reimbursement basis. (92) COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS COMBINING BAIANCE SHEET December 31, 1993 With Comparative Amounts as of December 31, 1992 Health Motor Vehicle Insurance Printing and Fund Fund Supply Fund ASSETS CURRENT ASSETS: Cash and short-term investments $ 725,883 $ 104,182 $ 32,938 Receivables (net of allowance for uncollectibles): Current property taxes 0 0 0 Delinquent property taxes 0 0 0 Accounts 14,284 709 636 Due from other County funds 199,872 0 0 Inventories 106,273 0 102,282 Other assets 0 0 0 Total Current Assets 1,046,312 104,891 135,856 FIRED ASSETS: 0 Land 1,353,934 0 Improvements other than buildings 215,999 0 0 Buildings 2,643,958 0 0 Machinery and equipment 12,796,911 0 11,065 Accumulated depreciation (8,207,891) 0 (9,023) Total Fixed Assets - Net 8,802,911 0 2,042 TOTAL ASSETS $ 9,849,223 $ 104,891 $ 137,898 LIABILITIES AND FUND EQUITY CURRENT LIABLITIES: Accounts Payable $ 457,664 $ 3,352 $ 1,911 Due to other County funds 166 437 12,039 Accrued liabilities 0 0 2,516 Deferred revenue 0 0 0 Total Current Liabilities 457,830 3,789 16,466 FUND EQUITY: Contributed capital 7,590,607 0 120,946 Unreserved retained earnings 1,800,786 101,102 486 Total Fund Equity 9,391,393 101,102 121,432 TOTAL LIABILITIES AND FUND EQUITY $ 9,849,223 $ 104,891 $ 137,898 (93) Computer Phone Totals Services Insurance Services December 31 December 31 Fund Fund Fund 1993 1992 $ 0 $ 1,455,421 $ 98,876 7 2,417.300 S 1,542.367 0 548.143 0 548,143 613.863 O 4,317 0 4,317 8,175 56,617 14,229 9,805 96,280 31,818 198,875 0 0 398.747 342,764 O 0 0 208,555 127,619 O 124,197 0 124,197 102,233 255,492 2,146,307 108,681 3.797.539 2,768.859 O 0 1.353.934 1.353,934 O 0 215,999 215.999 O 0 2.643,958 2.643,959 3,201.469 493,853 16,503,298 15,800.615 (2.358,908) (236,791) (10.812.613) (9,825.514) 842,561 257,062 9,904,576 10,188,993 $ 1,098,053 7 2,146,30 7 365,743 $ 13,702.115 f 12.957,852 7 23 7 95,533 $ 17,458 7 575.941 7 195,007 255,470 116,015 8,715 392,842 2.458 3,778 505,833 11,649 523,776 469,568 O 556.222 0 556.222 624,640 259,271 1,273,603 37,822 2,048.781 1.291.673 677,697 0 180,361 8,569,611 8,583,891 161,085 872,704 147,560 3,083,723 3,082,288 838,782 872.704 321,921 11,653,334 11,666,179 $ 1,098.053 $ 2,146.307 7 365,743 7 13.702.115 7 12.957,852 (94) e, 2;«® ; J m 5 §i lIt 4k}}}\/}( § § },\()\ \ k � \ \ " § AR;A n ( !° ! K 9° S \ \ (k\kk§}§ § }� (i k _ k k k k a | E ,,,7,- / i v ! |)] k° k kk°k$ ! / ( ® s ° ° k \ i g &„| § k ! ! ! . .. q :: : : '] \ , °kkn -l' , } 2 N § } }I 331 \ - -- ! k k i r 23 V k \� ]� _® _ ...��, , „00 0 — , E n ° 2 § \ I. ! ( 4 4444 �.,. ` § § - - - 2 )a ■ 41 ` ! °n n E..." ; § . ..„ ;i 111 2 ! - 8 \ ] § ] !° ! i °°;; ° ® q ° 0 E Ei! \2 6 }}\k i§ P: . |li / § 0 | | i I | t § .| 1 , § ' 'Mg k t , • A � 2 -.i t ® . i 2 ) q 11 I�\ \ Flig) / E § |4!| ! § a - § § k,, ; B,� N")| a M..J|k§ / n7f k § § §J3 §2Z)}ill § &�!] a! K §i! 1 e & d § wine COLORADO (96) COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CASH FLOWS For the Year Ended December 31, 1993 With Comparative Amounts For The Year Ended December 31, 1992 Motor Health Printing Computer Vehicle Insurance and Supply Services Fund Fund Fund Fund CASH FLOWS FROM OPERATING ACTIVITIES: Operating income (loss) $ (13,866) $ (215) $ (15,056) $ (487,993) Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation 1,255,920 0 430 427,326 Change in assets and liabilities: (Increase) decrease in accounts receivable (142) (677) (651) (51,965) (Increase) decrease in inventory (93,252) 0 12,316 0 (Increase) decrease in other assets 94,487 0 0 (198,739) Increase (decrease) in accounts payable 288,950 (2,801) (1,262) (3,399) Increase (decrease) in accrued liabilities 0 437 (67) (174,602) Increase (decrease) in other liabilities (341) 0 11,985 253,579 Total adjustments 1,545,622 (3,041) 22,751 252,200 Net cash provided by (used for) operating activities 1,531,756 (3,256) 7,695 (235,793) CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Interest paid on borrowings 0 0 0 0 Cash received from judgements/damages 0 0 0 0 Property tax collections 0 0 0 0 Miscellaneous revenues (expenses) 3,567 1,111 0 0 Operating transfers-net 0 0 0 381,653 Net cash provided by (used for) noncapital financing activities 3,567 1,111 0 381,653 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Proceeds from sale of assets 191,967 0 0 1,678 Acquisition of capital assets (1,276,016) 0 (1,265) (288,301) Net cash used for capital and related financing activities (1,084,049) 0 (1,265) (286,623) CASH FLOWS FROM INVESTING ACTIVITIES: Interest on investments 0 0 0 0 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 451,274 (2,145) 6,430 (140,763) CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 274,609 106,327 26,508 140,763 CASH AND CASH EQUIVALENTS AT END OF YEAR $ 725,883 $ 104,182 $ 32,938 $ 0 (97) Services Insurance Phone TOTALS Fund Fund 1993 1992 $ (785,110) $ (58,378) $ (1,360,618) $ (1,274,422) O 134,233 1,617,909 1,652,158 62,941 (4,390) 5,116 27,976 O 0 (80,936) (14,401) (14,774) 41,099 (77,927) (85,853) 94,286 5,160 380,934 (151,109) 224,274 4,603 54,645 523 47,597 8,709 321,529 (286,143) 414,324 189,414 2,421,270 1,143,151 (370,786) 131,036 1,060,652 (131,271) O 0 0 (25,842) 95,607 0 95,607 602,736 617,179 0 617,179 192,894 54,054 0 58,732 60,391 O 0 381,653 (417,394) 766,840 0 1,153,171 412,785 0 1,251 194,896 153,259 0 (4,750) (1,570,332) (1,696,219) 0 (3,499) (1,375,436) (1,542,960) 36,546 0 36,546 49,523 432,600 127,537 874,933 (1,211,923) 1,022,821 (28,661) 1,542,367 2,754,290 $ 1.455,421 $ 98.876 $ 2,417,300 $ 1,542,367 (98) COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS MOTOR VEHICLE FUND Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual For The Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual OPERATING REVENUES: Charges for services $ 1,991,921 $ 2,173,745 $ 181,824 $ 2,203,914 Reimbursement for depreciation 1,366,200 1,255,920 (110,280) 1,234,425 Miscellaneous 0 1 1 643 Total Operating Revenues 3,358,121 3,429,666 71,545 3,438,982 OPERATING EXPENSES: Contractual services 1,255,746 1,470,846 (215,100) 1,506,116 Supplies 421,749 426,036 (4,287) 438,030 Repair and maintenance 233,083 209,111 23,972 232,457 Depreciation 1,366,200 1,255,920 110,280 1,234,425 Other 81,619 81,619 0 27,712 Total Operating Expenses 3,358,397 3,443,532 (85,135) 3,438,740 OPERATING INCOME (LOSS) (276) (13,866) (13,590) 242 NONOPERATING REVENUES: Gain on disposition of assets 204,500 180,324 (24,176) 149,110 Rental income 0 1,256 1,256 0 Compensation for loss 0 2,311 2,311 0 Total Nonoperating Revenues 204,500 183,891 (20,609) 149,110 INCOME (LOSS) BEFORE OPERATING TRANSFERS 204,224 170,025 (34,199) 149,352 OPERATING TRANSFERS - OUT: Non-departmental 0 0 0 (133,210) NET INCOME (LOSS) 204,224 170,025 (34,199) 16,142 RETAINED EARNINGS AT BEGINNING OF YEAR 1,630,761 1,630,761 0 1,614,619 RETAINED EARNINGS AT END OF YEAR $ 1,834,985 $ 1,800,786 $ (34,199) $ 1,630,761 (99) COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS TN INSURANCE FUND Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual For The Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual OPERATING REVENUES: Contributions $ 124,200 $ 123,932 $ (268) $ 126,947 OPERATING EXPENSES: Contractual services 17,000 271 16,729 663 Claims 137,200 123,876 13,324 116,932 Total Operating Expenses 154,200 124,147 30,053 117,595 OPERATING INCOME (LOSS) (30,000) (215) 29,785 9,352 NONOPERATING REVENUES: Cobra revenue 0 1,111 1,111 1,020 Recovery of losses 0 0 0 1,053 Total Nonoperating Revenues 0 1,111 1,111 2,073 INCOME (LOSS) BEFORE OPERATING TRANSFERS (30,000) 896 30,896 11,425 OPERATING TRANSFERS - OUT: Other 0 0 0 (68,520) NET INCOME (LOSS) (30,000) 896 30,896 (57,095) RETAINED EARNINGS AT BEGINNING OF YEAR 100,206 100,206 0 157,301 RETAINED EARNINGS AT END OF YEAR $ 70,206 $ 101,102 $ 30,896 $ 100,206 (100) COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS PRINTING AND SUPPLY FUND Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual For The Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual OPERATING REVENUES: Charges for services $ 164,205 $ 105,297 $ (58,908) $ 82,069 Sale of supplies 50,000 67,300 17,300 84,062 Other 0 120 120 0 Total Operating Revenues 214,205 172,717 (41,488) 166,131 OPERATING EXPENSES: Personnel services 43,970 42,043 1,927 41,217 Supplies 125,848 89,385 36,463 88,438 Contractual services 31,135 36,958 (5,823) 27,712 Repairs and maintenance 16,000 18,957 (2,957) 22,594 Depreciation 100 430 (330) 175 Total Operating Expenses 217,053 187,773 29,280 180,136 OPERATING INCOME (LOSS) (2,848) (15,056) (12,208) (14,005) OPERATING TRANSFERS - OUT: Printing/Supplies 0 0 0 (24,869) NET INCOME (LOSS) (2,848) (15,056) (12,208) (38,874) RETAINED EARNINGS AT BEGINNING OF YEAR 15,542 15,542 0 54,416 RETAINED EARNINGS AT END OF YEAR $ 12,694 $ 486 $ (12,208) $ 15,542 (101) COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS COMPUTER SERVICES FUND Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual For The Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual OPERATING REVENUES: Charges for services $ 2,294,136 $ 2,141,798 $ (152,338) $ 2,115,613 OPERATING EXPENSES: Personnel services 1,465,566 1,216,157 249,409 1,438,162 Supplies 50,902 74,456 (23,554) 115,812 Repair and maintenance 123,117 97,360 25,757 123,670 Contractual services 812,054 636,116 175,938 520,020 Depreciation 400,884 427,326 (26,442) 379,723 Other 178,376 178,376 0 152,169 Total Operating Expenses 3,030,899 2,629,791 401,108 2,729,556 OPERATING INCOME (LOSS) (736,763) (487,993) 248,770 (613,943) NONOPERATING REVENUES: Cain (loss) on sale of assets 0 1,678 1,678 86 Total Nonoperating Revenues 0 1,678 1,678 86 INCOME (LOSS) BEFORE OPERATING TRANSFERS (736,763) (486,315) 250,448 (613,857) OPERATING TRANSFERS - IN: Non-departmental 0 381,653 381,653 400,000 OPERATING TRANSFERS - OUT: Data processing 0 0 0 (261,495) Total Operating Transfers 0 381,653 381,653 138,505 NET INCOME (LOSS) (736,763) (104,662) 632,101 (475,352) RETAINED EARNINGS AT BEGINNING OF YEAR 265,747 265,747 0 741,099 RETAINED EARNINGS AT END OF YEAR $ (471,016) $ 161,085 $ 632,101 $ 265,747 (102) 1 COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS INSURANCE FUND Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual For The Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual OPERATING REVENUES: Charges for services $ 77,000 $ 210,380 $ 133,380 $ 71,323 OPERATING EXPENSES: Supplies 500 546 (46) 0 Contractual services 29,200 38,377 (9,177) 34,694 Insurance and bonds 337,000 256,739 80,261 301,202 Claims 528,402 699,828 (171,426) 403,119 Total Operating Expenses 895,102 995,490 (100,388) 739,015 OPERATING INCOME (LOSS) (818,102) (785,110) 32,992 (661,692) NONOPERATING REVENUES: General property taxes 616,465 615,458 (1,007) 555,672 Specific ownership taxes 0 0 0 45,086 Penalties & interest 0 1,721 1,721 1,978 Compensation for loss 0 95,607 95,607 40,390 Earnings on deposits 40,000 36,546 (3,454) 49,523 Other 0 54,054 54,054 192,894 Total Nonoperating Revenues 656,465 803,386 146,921 885,543 INCOME (LOSS) BEFORE OPERATING TRANSFERS (161,637) 18,276 179,913 217,851 OPERATING TRANSFERS - OUT: Other 0 0 0 (478,324) NET INCOME (LOSS) (161,637) 18,276 179,913 (260,473) RETAINED EARNINGS AT BEGINNING OF YEAR 854,428 854,428 0 1,114,901 RETAINED EARNINGS AT END OF YEAR $ 692,791 $ 872,704 $ 179,913 $ 854,428 (103) STATE OF COLORADO INTERNAL SERVICE FUNDS PHONE SERVICES FUND Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual For The Year Ended December 31, 1993 With Comparative Actual Amounts For the Year Ended December 31, 1992 1993 1993 1993 1992 Budget Actual Variance Actual OPERATING REVENUES: Charges for services $ 658,206 $ 588,470 $ (69,736) $ 558,887 OPERATING EXPENSES: Personnel services 86,096 72,605 13,491 101,031 Supplies 7,575 8,602 (1,027) 934 Contractual services 388,181 388,051 130 360,743 Repair and maintenance 25,877 30,580 (4,703) 28,948 Other 12,777 12,777 0 17,822 Depreciation 137,700 134,233 3,467 37,785 Total Operating Expenses 658,206 646,848 11,358 547,263 OPERATING INCOME (LOSS) 0 (58,378) (58,378) 11,624 NONOPERATING REVENUES: Gain (Loss) sale of assets 0 (9,666) (9,666) 0 NONOPERATING EXPENSES: Interest 0 0 0 (25,842) INCOME (LOSS) BEFORE OPERATING TRANSFERS 0 (68,044) (68,044) (14,218) OPERATING TRANSFERS - IN: Non-Departmental 0 0 0 200,000 OPERATING TRANSFERS - OUT: PBX phone service 0 0 0 (50,976) Total Operating Transfers 0 0 0 149,024 NET INCOME (LOSS) 0 (68,044) (68,044) 134,806 RETAINED EARNINGS AT BEGINNING OF YEAR 215,604 215,604 0 80,798 RETAINED EARNINGS AT END OF YEAR $ 215,604 $ 147,560 $ (68,044) $ 215,604 (104) ittZIA Wilpe COLORADO (105) 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. COLORADO COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1993 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 the North Colorado Medical Center Board of Trustees, an autonomous board responsible for administering the operations of the hospital. Employee Flexible Spending Fund: This fund accounts for Weld County's Section 125, voluntary tax sheltered plan, which the County administers directly. Employee contributions to the plan are refunded upon submission of documentation for unreimbursed claims. Nonexpendable Trust Funds: Weld County Finance Corporation: This component unit functions solely to acquire real estate and construct buildings to lease to the County and others. Waste Services Trust Fund: This fund accounts for the interception and disposal of household hazardous waste to include encouraging recycling and proper handling of hazardous waste. Agency Funds: General Agency Fund: This fund accounts for all monies collected (principally tax collections) by the Weld County Treasurer for various other local governmental units within the County. Payroll Agency Fund: This fund accounts for the accumulation of County payrolls and related withholdings. Disbursements are made to the appropriate financial institutions through the payroll direct deposit system and the various vendors for the withholdings. Deferred Compensation Fund: This fund accounts for, and invests, the accumulation of voluntary employee contributions. 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. (106) COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS COMBINING BALANCE SHEET December 31, 1993 With Comparative Amounts as of December 31, 1992 Expendable Trust Funds Nonexpendable Trust Funds Pension Trust North Colorado Employee Weld Weld County Medical Center Flexible Finance Waste Retirement Trust Spending Corporation Services Plan ASSETS ASSETS: Cash and short-term investments $ 685,623 $ 56,789 $ 445,688 $ 9,66 $ 182,141 Investments 0 0 0 36,210,048 Accounts Receivables (net of allowance for uncollectibles) 1,643 0 0 1,58 357,145 Due from other County funds 0 437 0 0 Advances to other funds 0 0 140,856 0 Land 0 0 498,542 0 Buildings 0 0 2,941,907 0 Accumulated depreciation 0 0 (644,650) 0 TOTAL ASSETS $ 687,266 $ 57,226 $ 3,382,343 $ 11,25 $ 36,749,334 LIABILITIES AND FUND BALANCES LIABILITIES: Accounts payable $ 0 $ 5,186 $ 0 $ 11,054 $ 34,450 Due to other County funds 0 52,040 0 0 0 Due to other governments 0 0 0 0 0 Accrued liabilities 0 0 0 0 0 Deferred compensation payable 0 0 0 0 0 Long term debt 0 0 3,112,739 0 0 Total Liabilities 0 57,226 3,112,739 11,054 34,450 FUND BAIANCES: Reserved for employee benefits 0 0 0 0 31,450,580 Unreserved 687,266 0 269,604 203 5,264,304 Total Fund Balances 687,266 0 269,604 203 36,714,884 TOTAL LIABILITIES AND FUND BALANCE $ 687,266 $ 57,226 $ 3,382,343 $ 11,257 $ 36,749,334 (107) Agency Funds Totals Emergency General Payroll Deferred Telephone December 31 December 31 Agency Agency Compensation Service 1993 1992 $ 3,115,73 $ 282,771 $ $ 473,224 $ $ 5,037,222 1,692,547 0 37,902,595 O 33,434,044 855 0 59,695 420,926 431,925 5,510 0 0 5,947 19,287 O 0 0 140,856 140,856 O 0 0 498,542 498,542 O 0 0 2,941,907 2,941,908 O 0 0 (644,650) (360,000) $ 3,115,73 $ 289,136 $ 1,692,547 $ 532,919 $ 46,517,766 $ 42,143,784 $ 25,64 $ 289,070 $ 0 $ 0 $ 365,409 $ 460,311 66 0 0 52,106 42,798 3,090,08 0 0 532,919 3,623,008 3,417,347 0 0 0 0 8,258 0 1,692,547 0 1,692,547 1,490,536 O 0 0 3,112,739 3,404,756 3,115,73 289,136 1,692,547 532,919 8,845,809 8,824,006 0 0 0 0 31,450,580 29,636,684 0 0 0 0 6,221,377 3,683,094 0 0 0 0 37,671,457 33,319,778 $ 3,115,738 $ 289,136 $ 1,692,547 $ 532,919 $ 46,517,766 $ 42,143,784 i. (108) COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS PENSION TRUST FUND Statement of Revenues, Expenses and Changes in Fund Balance For the Year Ended December 31, 1993 With Comparative Amounts For the Year Ended December 31, 1992 Weld County Retirement Plan 1993 1992 OPERATING REVENUES: Earnings on investments $ 3,925,288 $ 2,081,605 Contributions 2,375,658 2,367,690 Total Operating Revenues 6,300,946 4,449,295 OPERATING EXPENSES: Actuarial/trustee fees 174,543 193,365 Audit fees 0 2,000 Benefit payments 1,349,790 1,263,671 Refunds 446,793 373,280 Other 0 9 Total Operating Expenses 1,971,126 1,832,325 NET INCOME 4,329,820 2,616,970 FUND BALANCE AT BEGINNING OF YEAR 32,385,064 29,768,094 FUND BALANCE AT END OF YEAR $ 36,714,884 $ 32,385,064 (109) STATE OF COLORADO TRUST AND AGENCY FUNDS ALL EXPENDABLE TRUST FUNDS Combining Statement of Revenues, Expenditures and Changes in Fund Balances For The Year Ended December 31, 1993 With Comparative Amounts For the Year Ended December 31, 1992 North Colorado Employee Medical Center Flexible Totals Trust Spending 1993 1992 REVENUES: Taxes $ 2 $ 0 $ 2 $ 8 Earnings on investments 19,499 0 19,499 34,267 Contributions 0 280,304 280,304 270,163 Total Revenues 19,501 280,304 299,805 304,438 EXPENDITURES: Reimbursements 0 228,264 228,264 645,060 Claims 0 52,040 52,040 33,379 Total Expenditures 0 280,304 280,304 678,439 EXCESS OF REVENUES OVER EXPENDITURES 19,501 0 19,501 (374,001) FUND BALANCES AT BEGINNING OF YEAR 667,765 0 667,765 1,041,766 FUND BALANCES AT END OF YEAR $ 687,266 $ 0 $ 687,266 $ 667,765 (110) COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS ALL NONEXPENDABLE TRUST FUNDS Combining Statement of Revenues, Expenses and Changes in Fund Balances For The Year Ended December 31, 1993 With Comparative Amounts For The Year Ended December 31, 1992 Weld Finance Waste Totals Corporation Services 1993 1992 REVENUES: CHARGES FOR SERVICES: Rents from buildings $ 515,046 $ 0 $ 515,046 $ 233,876 Other 0 0 0 2,136 Total Charges for Services 515,046 0 515,046 236,012 MISCELLANEOUS: Earnings on deposits 15,800 161 15,961 26,980 Total Revenues 530,846 161 531,007 262,992 EXPENSES: CONTRACTUAL SERVICES: Other 0 0 0 24,374 DEPRECIATION: Other 284,650 0 284,650 90,000 DEBT SERVICE: Other 243,499 0 243,499 98,107 Total Expenses 528,149 0 528,149 212,481 NET INCOME 2,697 161 2,858 50,511 FUND BALANCES AT BEGINNING OF YEAR 266,907 42 266,949 216,438 FUND BALANCES AT END OF YEAR $ 269,604 $ 203 $ 269,807 $ 266,949 (111) COUNTY OF WELT) STATE OF COLORADO NONEEPENDABLE TRUST FUNDS Combining Statement of Cash Flows For the Year Ended December 31, 1993 With Comparative Amounts For The Year Ended December 31, 1992 Weld Finance Waste Totals Corporation Services 1993 1992 CASH FLOWS FRO4 OPERATING ACTIVITIES: Operating income $ 230,396 $ 0 $ 230,396 $ 121,638 Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation 284,650 0 284,650 90,000 Change in assets and liabilities: (Increase) decrease in accounts receivable 0 (288) (288) (1,300) (Increase) decrease in accounts payable 0 5,974 5,974 5,080 Increase (decrease) in accrued liabilities (8,258) 0 (8,258) 8,258 Total adjustments 276,392 5,686 282,078 102,038 Net cash provided by operating activities: 506,788 5,686 512,474 223,676 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Interest paid on borrowings (235,515) 0 (235,515) (117,963) Principal paid on long-term debt (300,000) 0 (300,000) (160,000) Proceeds from issuance of long-term debt (C.O.P.'s) 0 0 0 2,240,000 Acquisition of capital assets/C.O.P proceeds to Capital Expenditures fund 0 0 0 (1,978,946) Net cash used for capital and related financing activities (535,515) 0 (535,515) (1,978,946) CASH FLOWS FROM INVESTING ACTIVITIES: Interest on investments 15,800 161 15,961 26,980 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (12,927) 5,847 (7,080) 233,747 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 458,615 3,822 462,437 228,690 CASH AND CASH EQUIVALENTS AT END OF YEAR g 445,688 $ 9,669 $ 455,357 $ 462,437 (112) COUNTY OF WELD STATE OF COLORADO TRUST AND AGENCY FUNDS COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS For the Year Ended December 31, 1993 Balance Balance GENERAL AGENCY FUND 1/01/93 Additions Deductions 12/31/93 ASSETS: Cash $ 3,063,628 $238,001,953 $237,949,843 $ 3,115,738 LIABILITIES: Accounts payable $ 25,912 $ 55,597 $ 55,860 $ 25,649 Due to other governments 3,037,716 237,946,356 237,893,983 3,090,089 TOTAL LIABILITIES $ 3,063,628 $238,001,953 $237,949,843 $ 3,115,738 PAYROLL AGENCY FUND ASSETS: Cash $ 266,758 $ 24,761,420 $ 24,745,407 $ 282,771 Accounts receivable 146 855 146 855 Due from other County funds 9,828 5,628 9,946 5,510 TOTAL ASSETS $ 276,732 $ 24,767,903 $ 24,755,499 $ 289,136 LIABILITIES: Accounts payable $ 276,641 $ 89,790,683 $ 89,778,254 $ 289,070 Due to other County funds 91 66 91 66 TOTAL LIABILITIES $ 276,732 $ 89,790,749 $ 89,778,345 $ 289,136 DEFERRED COMPENSATION FUND ASSETS: Investments $ 1,490,536 $ 267,520 $ 65,509 $ 1,692,547 LIABILITIES: Deferred compensation payable $ 1,490,536 $ 267,520 $ 65,509 $ 1,692,547 EMERGENCY TELEPHONE SERVICE ASSETS: Cash $ 340,866 $ 515,544 $ 383,186 $ 473,224 Accounts receivable 57,160 59,695 57,160 59,695 Due from other County funds 9,328 0 9,328 0 TOTAL ASSETS $ 407,354 $ 575,239 $ 449,674 $ 532,919 LIABILITIES: Accounts payable $ 18,395 $ 0 $ 18,395 $ 0 Due to other County funds 9,328 0 9,328 0 Due to other governments 379,631 675,919 522,631 532,919 TOTAL LIABLITIES $ 407,354 $ 675,919 $ 550,354 $ 532,919 TOTAL - ALL AGENCY FUNDS ASSETS Cash $ 3,671,352 $263,278,917 $263,078,436 $ 3,871,733 Investments 1,490,536 267,520 65,509 1,692,547 Accounts receivable 57,306 60,550 57,306 60,550 Due from other County funds 19,156 5,628 19,274 5,510 TOTAL ASSETS $ 5,238,250 $263,612,615 $263,220,525 $ 5,630,340 LIABILITIES Accounts payable $ 320,948 $ 89,846,280 $ 89,852,509 $ 314,719 Due to other County funds 9,419 66 9,419 66 Due to other governments 3,417,347 238,622,275 238,416,614 3,623,008 Deferred compensation payable 1,490,536 267,520 65,509 1,692,547 TOTAL LIABILITIES $ 5,238,250 $328,736,141 $328,344,051 $ 5,630,340 (113) GENERAL FIXED ASSETS ACCOUNT GROUP Investments in property and equipment, except for those of the Internal Service Funds, are recorded in the account group. tAt ic1( COLORADO COUNTY OF WELD STATE OF COLORADO GENERAL FIRED ASSETS ACCOUNT GROUP SCHEDULE OF GENERAL FIRED ASSETS - BY SOURCE December 31, 1993 With Comparative Totals as of December 31, 1992 1993 1992 GENERAL FIXED ASSETS: Land $ 3,040,338 $ 3,040,338 Buildings 22,132,506 20,483,259 Improvements other than buildings 418,689 410,154 Machinery and equipment 5,603,289 5,317,893 Construction in progress 114,071 161,590 TOTAL ASSETS $ 31,308,893 $ 29,413,234 INVESTMENTS IN GENERAL FIXED ASSETS FROM: Current revenue $ 21,605,677 $ 19,632,287 Gifts and grants 1,754,101 1,831,832 Federal revenue sharing 7,949,115 7,949,115 TOTAL INVESTMENT IN GENERAL FIXED ASSETS $ 31,308,893 $ 29,413,234 (114) COUNTY OF WELD STATE OF COLORADO GENERAL FIXED ASSETS SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY December 31, 1993 With Comparative Totals by Function at December 31, 1992 Land Equipment & Construction Totals Land Improvements Buildings Furniture In Progress 1993 1992 GENERAL GOVERNMENT: County Commissioners $ $ 0 $ 0 $ 17,099 $ $ 17,099 $ 17,099 Clerk to the Board 0 0 25,861 25,861 25,861 County Attorney 0 0 6,867 6,867 6,287 Planning and zoning 0 0 6,172 6,172 6,808 General accounting 0 0 2,122 2,122 2,122 Financial administration 0 0 3,727 3,727 3,727 County Clerk 0 0 336,714 336,714 339,835 Elections and registration 0 0 36,380 36,380 17,755 County Treasurer 0 0 32,001 32,001 32,001 County Assessor 0 0 43,386 43,386 43,386 County Council 0 0 1,207 1,207 1,207 Personnel 0 0 5,408 5,408 5,408 Maintenance of buildings/grounds 0 0 57,195 57,195 48,203 Communications services 0 0 2,070,957 2,070,957 1,950,233 Purchasing 0 0 6,116 6,116 172,299 Other 0 0 240,163 240,163 85,291 Buildings 2,648,03 152,650 18,113,628 91,703 21,006,011 19,349,893 Total General Government 2,648,03 152,650 18,113,628 2,983,078 23,897,386 22,107,415 JUDICIAL: District Attorney 0 0 0 37,638 0 37,638 36,767 PUBLIC SAFETY: Sheriff administration 0 0 0 318,629 0 318,629 285,827 Task force 0 0 0 17,014 0 17,014 13,796 County Coroner 0 0 0 5,060 0 5,060 5,060 Building inspection 0 0 0 621 0 621 621 Office of emergency management 0 0 0 45,379 0 45,379 44,018 Total Public Safety 0 0 0 386,703 0 386,703 349,322 HEALTH AND HOSPITALS: Health 162,369 15,068 135,232 215,342 27,997 556,008 478,320 Ambulance services 0 7,513 118,599 5,102 0 131,214 132,149 Total Health and Hospitals 162,369 22,581 253,831 220,444 27,997 687,222 610,469 COUNTY ROADS AND HIGHWAYS: Highways and streets 0 11,668 0 71,777 0 83,445 82,806 PUBLIC WELFARE: Public welfare (social services) 170,318 12,630 781,234 220,002 0 1,184,184 1,182,462 AUXILIARY SERVICES: Extension service 20 0 770,575 9,168 86,07 866,017 782,704 Exhibition building 91,071 225,897 20,514 337,482 338,982 Veterans office 0 0 747 747 747 Missile site park 91,310 0 0 91,310 151,694 Delinquents & other institutions 0 74,502 0 74,502 75,128 Crime control and investigation 0 1,440 0 1,440 1,440 Libraries 19,20 8,395 1,177,219 805,773 2,010,594 1,955,740 JTPA technical assistance 40,21 28,384 734,180 837,105 1,639,883 1,727,218 General administration 0 0 10,340 10,340 10,340 Total Auxiliary Services 59,62 219,160 2,983,813 1,683,647 86,07 5,032,315 5,043,993 TOTAL GENERAL FIXED ASSETS ALLOCATED TO FUNCTIONS $ 3,040,338 $ 418,689 $22,132,506 $ 5,603,289 $ 114,071 $31,308,893 $29,413,234 (115) COUNTY OF WEIR STATE OF COLORADO GENERAL FIXED ASSETS SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY For the Year Ended December 31, 1993 General General Fixed Assets Fixed Assets 12/31/92 Additions Deletions 12/31/93 GENERAL GOVERNMENT: County Commissioners $ 17,099 $ 0 $ 0 $ 17,099 Clark to the Board 25,861 0 0 25,861 County Attorney 6,287 560 0 6,867 Planning and zoning 6,808 0 636 6,172 General accounting 2,122 0 0 2,122 Financial administration 3,727 0 0 3,727 County Clerk 339,835 13,822 16,943 336,714 Elections and registration 17,755 19,200 575 36,380 County Treasurer 32,001 0 0 32,001 County Assessor 43,386 0 0 43,386 County Council 1,207 0 0 1,207 Personnel 5,408 0 0 5,408 Maintenance of buildings/grounds 48,203 15,229 6,237 57,195 Communications services 1,950,233 120,724 0 2,070,957 Purchasing 172,299 2,239 168,422 6,116 Other 85,291 171,622 16,750 240,163 Buildings 19,349,893 1,656,118 0 21,006,011 Total General Government 22,107,415 1,999,534 209,563 23,897,386 JUDICIAL: District Attorney 36,767 871 0 37,638 PUBLIC SAFETY: Sheriff administration 285,827 37,841 5,039 318,629 Task force 13,796 3,968 750 17,014 County Coroner 5,060 0 0 5,060 Building inspection 621 0 0 621 Office of emergency management 44,018 1,361 0 45,379 Total Public Safety 349,322 43,170 5,789 386,703 HEALTH AND HOSPITALS: Health 478,320 97,796 20,108 556,008 Ambulance services 132,149 0 935 131,214 Total Health and Hospitals 610,469 97,796 21,043 687,222 COUNTY ROADS AND HIGHWAYS: Highways and streets 82,806 639 0 83,445 PUBLIC WELFARE: Public welfare (social services) 1,182,462 11,672 9,950 1,184,184 AUXILIARY SERVICES: Extension service 782,704 86,074 2,761 866,017 Exhibition building 338,982 0 1,500 337,482 Veterans office 747 1,195 1,195 747 Missile site park 151,694 5,701 66,085 91,310 Delinquents 4 other institutions 75,128 0 626 74,502 Crime control and investigation 1,440 0 0 1,440 Libraries 1,955,740 258,729 203,875 2,010,594 JTPA technical assistance 1,727,218 14,498 101,833 1,639,883 General administration 10,340 0 0 10,340 Total Auxiliary Services 5,043,993 366,197 377,875 5,032,315 TOTAL GENERAL FIXED ASSETS ALLOCATED TO FUNCTIONS $ 29,413,234 $2,519,879 $ 624,220 $ 31,308,893 (116) Ott :za Wilk. COLORADO GENERAL LONG-TERM DEBT ACCOUNT GROUP Sick and vacation accrual for Governmental Fund types are recorded in this fund. t 1111€ COLORADO COUNTY OF WELD STATE OF COLORADO GENERAL LONG-TERM DEBT ACCOUNT GROUP SCHEDULE OF GENERAL LANG-TERM DEBT December 31, 1993 With Comparative Amounts as of December 31, 1992 1993 1992 AMOUNTS TO BE PROVIDED FOR RETIREMENT $ 1,114,149 $ 1,288,645 OF GENERAL LONG-TERM DEBT LIABILITIES! $ 200,000 Special assessment bonds payable 1,1$ 100,000,109 1,088,645 Vacation and sick-leave accrual TOTAL GENERAL LONG-TERM DEBT $ 1,114,149 $ 1,288,645 (118) fistiteg Wilk COLORADO (119) STATISTICAL SECTION Oft 111111e COLORADO COUNTY OF WELD STATE OF COLORADO Tables Relating to Bonded Debt (Unaudited) December 31, 1993 NOTE; Weld County is without bonded debt and, accordingly, the following statistical tables are not presented! A. Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita - Last Ten Years B. Ratio of Annual Debt Service for General Bonded Debt to Total General Expenditures - Last Ten Years C. Revenue Bond Coverage - Last Ten Yearn (120) COUNTY OF WELD STATE OF COLORADO General Governmental Expenditures by Function (Unaudited) Last Ten Yearn County Public General Public Roads 6 Health 6 Year Government Safety Highways Welfare 1984 $ 6,082,536 $ 6,294,660 $ 8,136,114 $13,799,706 1985 $ 6,120,744 $ 7,283,096 $ 8,547,979 $13,748,609 1986 $ 6,516,851 $ 7,272,935 $ 8,505,739 $14,660,502 1987 $ 6,819,165 $ 6,924,599 $ 9,876,346 $14,789,034 1988 $ 7,251,985 $ 7,869,950 $ 8,292,283 $20,156,719 1989 $ 7,244,820 $ 8,607,683 $10,371,933 $20,693,130 1990 $ 8,112,753 $ 9,749,362 $11,147,191 $23,641,401 1991 $ 8,780,727 $10,804,861 $11,412,048 $26,818,985 1992 $ 8,848,738 $11,321,924 $11,949,512 $28,990,392 1993 $ 9,199,985 $12,336,868 $12,406,611 $30,368,874 General Revenue by Source (Unaudited) Last Ten Years Licenses Intergovernmental Year Taxes and Permits Revenue 1984 $ 15,932,964 $ 669,934 $ 19,284,616 1985 $ 16,308,828 $ 716,130 $ 19,890,173 1986 $ 17,888,662 $ 581,360 $ 20,720,989 1987 $ 18,846,835 $ 613,026 $ 20,789,309 1988 $ 19,614,179 $ 575,744 $ 27,359,869 1989 $ 21,192,869 $ 608,224 $ 29,296,166 1990 $ 22,300,072 $ 597,294 $ 34,488,199 1991 $ 23,867,746 $ 647,634 $ 37,805,169 1992 $ 24,962,031 $ 840,856 $ 40,185,683 1993 $ 25,235,989 $1,129,831 $ 44,711,568 (121) Auxiliary Debt Intergovernmental Total Services* Capital Outlay Service Expenditures Miscellaneous Expenditures $ 3,954,896 $ 1,347,365 $1,018,741 $ 415,102 $ 1,074,232 $ 42,123,352 $ 4,596,197 $ 1,515,560 $ 88,500 $ 465,517 $ 1,647,115 $ 44,013,317 $ 4,234,193 $ 1,397,988 $ 252,753 $ 488,119 $ 1,401,846 $ 44,730,926 $ 4,735,582 $ 1,637,272 $ 200,263 $ 594,982 $ 3,550,550 $ 49,127,728 $ 6,261,841 $ 3,740,305 $ 242,953 $ 720,201 $ 2,251,269 $ 56,787,506 $ 7,194,666 $ 2,126,620 $ 467,344 $ 788,412 $ 1,987,768 $ 59,482,376 $ 8,528,763 $ 679,565 $ 485,929 $ 741,208 $ 1,713,701 $ 64,799,873 $ 7,761,470 $ 2,164,396 $ 461,193 $ 810,111 $ 1,129,079 $ 70,142,870 $ 8,990,997 $ 2,433,516 $ 199,944 $ 809,896 $ 1,305,009 $ 74,849,928 $ 9,338,112 $ 1,919,584 $ 330,809 $ 667,306 $ 2,236,383 $ 78,390,902 *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 Fines and Miscellaneous Services Forfeitures Revenue Fees Total Revenue $ 1,541,520 $ 37,592 $ 3,948,342 $ 1,533,455 $ 42,948,423 $ 1,673,283 $ 78,261 $ 3,756,703 $ 1,631,937 $ 44,055,315 $ 1,742,650 $ 67,198 $ 3,775,144 $ 1,680,356 $ 46,456,359 $ 1,149,717 $ 76,465 $ 5,915,868 $ 1,711,894 $ 49,103,114 $ 1,632,229 $ 35,469 $ 5,552,233 $ 1,693,026 $ 56,462,749 $ 1,952,168 $ 66,635 $ 4,977,219 $ 1,896,373 $ 59,989,654 $ 2,102,201 $ 66,941 $ 4,502,642 $ 2,221,264 $ 66,278,613 $ 1,975,095 $ 56,652 $ 4,121,565 $ 2,473,394 $ 70,947,255 $ 2,410,988 $ 34,275 $ 3,443,564 $ 2,490,909 $ 74,368,306 $ 3,740,366 $ 36,407 $ 3,458,156 $ 2,724,832 $ 81,037,151 General revenue includes revenue of General, Special Revenue, Capital Projects and Expendable Trust Funds. (122) COUNTY OF WELD STATE OF COLORADO Property Value, Construction, Bank Deposits and Other Economic Indicators (Unaudited) Last Eight Years 1986 1987 1988 1989 1990 1991 1992 1993 Property Value - estimated actual value (millions)$ 4,225.0 $ 5,281.1 $ 5,777.3 $ 5,771.6 $5,572.7 $ 6,273.9 $ 6,191.5 $ 7,176.4 (3) Building Permits 2,113 2,131 1,836 1,999 1,670 1,923 2,020 2,348 (2) Estimated Construction (millions) $ 34.9 $ 36.7 $ 30.2 $ 33.0 $ 32.5 $ 42.0 $ 42.0 $ 57.3 (2) Bank Deposits (millions) $ * $ 676.3 $ 693.3 $ 753.7 $ 756.9 $ 905.1 $ 839.0 $ * (1) Retail Sales (millions) $ 1,044.1 $ 1,503.8 $ 1,649.8 $ 1,711.1 $1,744.9 $ 2,282.0 $ 1,555.0 $ 1,789.5 (1) Value of Crop 6 Livestock Production (thousands) $ 957,247 $ 997,490 $1,169,869 $1,212,402 $1,317,190 $ * $ * $ * (1) * Information not available. Data Sources: (1) EDAP - Greeley/Weld Econimic Development Action Partnership. (2) Weld County Planning and Building Inspection Departments. (3) Weld County Comprehensive Annual Financial Report (123) COUNTY OF WELD STATE OF COLORADO Property Tax Levies and Collections (Unaudited) Last Ten Years Total Total Current Percent Delinquent Total Outstanding Levy Collection Original Tax Tax of Levy Tax Tax Delinquent Year Year Levy Collections Collected Collections Collections Taxes 1983 1984 $ 15,119,720 $ 14,985,503 99.11 $131,428 $ 15,116,931 $212,504 1984 1985 $ 15,875,706 $ 15,469,833 97.44 $ 28,931 $ 15,498,764 $307,203 1985 1986 $ 17,147,925 $ 17,013,025 99.20 $ 84,065 $ 17,097,090 $404,559 1986 1987 $ 18,005,273 $ 17,756,037 98.60 $296,802 $ 18,052,839 $439,749 1987 1988 $ 18,931,528 $ 18,506,143 97.75 $ 66,022 $ 18,572,165 $376,500 1988 1989 $ 20,534,080 $ 20,153,920 98.15 $ 61,419 $ 20,215,339 $420,669 1989 1990 $ 21,336,977 $ 21,037,446 98.60 $ 87,901 $ 21,125,347 $862,040 (3) 1990 1991 $ 22,459,831 $ 22,228,600 98.97 $311,671 $ 22,540,271 $886,342 (3) 1991 1992 $ 23,752,395 $ 23,608,438 99.39 $104,726 $ 23,713,164 $968,201 (3) 1992 1993 $ 23,773,780 $ 23,653,525 99.49 $ 60,584 $ 23,714,109 $978,926 (3) Assessed and Estimated Actual Value of Taxable Property (Unaudited) Last Ten Years Real Property (1) Personal Property (2) Total Levy As d Estimated Assessed Estimated Assessed Estimated Year Value Actual Value Value Actual Value Value(4) Actual Value 1984 $ 764,916,130 $3,642,457,761 $ 55,831,700 $ 192,523,103 $ 820,747,830 $3,834,980,864 1985 $ 819,535,750 $3,902,551,190 $ 67,028,500 $ 231,132,759 $ 886,564,250 $4,133,683,949 1986 $ 836,455,500 $3,983,121,428 $ 70,154,400 $ 241,911,724 $ 906,609,900 $4,225,033,152 1987 $ 899,649,790 $4,998,054,388 $ 82.078,810 $ 283,030,379 $ 981,728,600 $5,281,084,767 1988 $ 876,322,790 $5,477,017,437 $ 87,082,300 $ 300,283,793 $ 963,405,090 $5,777,301,230 1989 $ 815,536,790 $5,436,911,933 $ 97,066,530 $ 334,712,172 $ 912,603,320 $5,771,624,105 1990 $ 807,052,260 $5,627,979,497 $ 99,979,210 $ 344,755,897 $ 907,031,470 $5,972,735,394 1991 $ 845,519,470 $5,896,230,613 $ 109,525,160 $ 377,672,966 $ 955,044,630 $6,273,903,579 1992 $ 820,834,330 $5,724,088,773 $ 135,566,770 $ 467,471,621 $ 956,401,100 $6,191,560,394 1993 $ 859,726,540 $6,685,276,361 $ 142,446,590 $ 491,195,138 $1,002,173,130 $7,176,471,499 (1) Residential improved land and improvements at 12.86% of 1991 to June 30, 1992 replacement costs, as determined by State law. (2) Commercial improved land, improvements, and personal property at 29% 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. (4) State assessed value is deducted from total assessed value as state property is not taxable. (124) COUNTY OF WELD STATE OF COLORADO Property Tax Rates and Tax Levies - Direct and Overlapping Governments (Unaudited) Last Ten Years Levy Collection School Junior Year Year Cities Districts County College Other Tax Levies 1983 1984 490.320 880.14 17.369 4.581 161.059 1984 1985 542.320 918.63 19.342 5.037 171.923 1985 1986 537.259 977.76 19.342 4.981 164.277 1986 1987 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 19.26B 5.150 224.839 1989 1990 543.439 770.24 20.892 5.325 198.943 1990 1991 531.572 741.70 22.209 5.918 242.827 1991 1992 587.791 762.50 22.457 5.993 252.237 1992 1993 595.767 753.42 22.457 6.343 242.303 Tax Revenues 1983 1984 $4,125,777 $41,076,321 $15,118,907 $3,458,802 $3,960,714 1984 1985 $4,210,650 $42,366,353 $15,874,905 $3,631,540 $3,942,837 1985 1986 $4,551,381 $48,835,173 $17,147,925 $3,918,961 $5,736,561 1986 1987 $4,744,921 $52,125,601 $18,103,186 $4,232,066 $6,196,320 1987 1988 $4,895,718 $46,369,646 $18,931,528 $4,507,157 $6,626,435 1988 1989 $5,273,090 $46,746,481 $20,534,080 $4,905,770 $6,884,119 1989 1990 $5,644,875 $46,894,420 $21,336,977 $4,939,571 $6,929,833 1990 1991 $5,838,481 $45,723,479 $22,459,831 $5,449,422 $7,356,376 1991 1992 $6,107,177 $48,665,910 $23,752,395 $5,760,833 $7,747,251 1992 1993 $6,155,382 $48,258,097 $23,773,780 $6,118,008 $7,099,152 The basis for the property tax rates is per $1,000 assessed valuation. (125) COUNTY OF WELD STATE OF COLORADO Special Assessment Collections (Unaudited) Last Ten Years Current Current Ratio of Total Assessments Assessments Collections Outstanding Year Due Collected To Amount Due Assessments 1984 $ 1,282 $ 1,282 100% 8 8,974 1985 (1) $ 2,236 $ 2,236 100% $1,006,738 1986 (2) $ 102,009 $102,009 100% $ 931,759 1987 (3) $ 111,543 $111,543 100% $ 827,272 1988 (4) $ 132,170 $132,170 100% $ 864,373 1989 (5) $ 143,626 $143,626 100% $ 914,708 1990 (6) $ 194,773 $194,773 100% $ 794,535 1991 (7) $ 188,602 $188,602 100% $ 742,081 1992 (8) $ 521,076 $521,076 100% $ 628,605 1993 (9) $ 352,260 $352,260 100% $ 679,639 • NOTES; (1) Road 5 Special Assessment of $1,000,000. (2) Antelope Hills Special Assessment of $27,030. • (3) Indianhead Special Assessment of $7,056. (4) Northmoor Special Assessment of $94,272. (5) Antelope Hills Special Assessment 2 of $16,000. Casa Grande/Enchanted Hills Special Assessment of • $150,473. Anus Special Assessment of $27,488. (6) 71st Avenue Special Assessment of $74,600. (7) Basswood Special Assessment of $11,508. Eighty-third Avenue Special Assessment of $124,640. (8) Roads 15 L 84 Special Assessment of $357,600. Weld County Road 34 Special Assessment $25,000. Weld County Road 32 Special Assessment $25,000. (9) Weld County Road 8 Special Assessment of $114,000, road 38 $53,035, Johnson Subdivision $48,236, and Arrowhead Subdivision $171,294. • • (126) COUNTY OF WELD STATE OF COLORADO Computation of Legal Debt Margin (Unaudited) December 31, 1993 A d Value, 1992 $1,109,709,330 Debt Limit 3 Percent of Assessed Value 33,291,280 Amount of Debt Applicable to Limit: Total Bonded Debt $ 0 Installment Purchase Agreements 0 Total Amount of Debt Applicable to Debt Limit 0 Legal Debt Margin $ 33,291,280 Debt Limitation: Under Section 30-35-201, Colorado Revised Statutes, 1973, the County may incur indebtedness for general County purposes in an amount not to exceed 3% of assessed valuation of all taxable property. (127) COUNTY OF WELD STATE OF COLORADO Demographic Statistics (Unaudited) December 31, 1993 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 1992 - 137,621 1993 - 141,492 2. Estimated Median Age: 26.7 (1980 Census) 28.5 (1983) 26.7 (1984) 27.8 (1985) 30.5 (1990 Census) 3. Total Personal Income For Years Available: 1972 - $ 380,534,000 1973 - $ 481,301,000 1974 - $ 539,833,000 1975 - $ 597,099,000 1980 - $1,059,311,000 1982 - $1,317,000,000 1984 - $1,317,329,000 1988 - $1,810,807,000 1989 - $1,943,331,000 1990 - $2,095,000,000 1991 - $2,204,000,000 1992 - $2,359,000,000 1993 - $2,489,000,000 4. Per Capita Income For Years Available: 1973 - $ 4,666 1974 - $ 5,054 1975 - $ 5,543 1977 - $ 5,081 1980 - $ 6,505 1982 - $10,411 1984 - $11,501 1988 - $13,296 1989 - $14,230 1990 - $15,874 1992 - $17,094 1993 - $17,779 5. Median Family Income $15,805 (1980 Census) $22,921 (1983) $21,286 (1984) $30,800 (1990 Census) 6. Population Per Household 1970 - 3.09 1980 - 2.79 1983 - 2.75 1984 - 2.79 1990 - 2.697 7. Housing Units 1970 - 28,896 1980 - 46,475 1983 - 46,059 1984 - 49,538 1990 - 47,566 Source: Greeley/Weld Economic Development Office (EDAP) (128) COUNTY OF WELD STATE OF COLORADO Principal Taxpayers (Unaudited) December 31, 1993 Per Cent 1993 Of Total Assessed Assessed Valuation Valuation Eastman Kodak Company $ 67,426,600 6.37% Public Service of Colorado 9,967,580 .94Z National Hog Farms Inc 7,037,510 .67% Metal Container Corp 6,164,260 .58% AT&T 5,823,380 .55% Panhandle Eastern Pipeline 5,500,820 .52% Hewlett Packard 5,377,380 .51% Golden Aluminum Co 5,111,880 .48% Mc Lane Western Inc 4,350,010 .41% Macerick Greeley Associates 3,803,990 .36% 120,563,410 11.39% (129) COUNTY OF WELD STATE OF COLORADO Miscellaneous Statistics (Unaudited) December 31, 1992 1. Date of Incorporation: 1861 2. Form of Government: Nome Rule Charter 3. Date Present Charter Adopted January 1, 1976 4. Area - Square Miles: 4,004 square miles 5. County Seats City of Greeley 6. Employees as of December 31, 1993 Elected Officials - 16 Division Heads - 5 Department Heads - 15 Employees with Benefits - 779 Employees without Benefits - 197 7. Miles of Roads: Paved - 652.15 Unpaved - 2,622.38 Unmaintained - 351.53 8. Building Permits: No. of Year Permits Valuation 1984 2.450 $ 44,854,598 1985 2,519 $ 37,423,180 1986 2,113 $ 34,964,831 1987 2,131 $ 36,787,917 1988 1,836 $ 30,195,777 1989 1,999 $ 33,060,864 1990 1,670 $ 32,463,224 1991 1,923 $ 32,565,285 1992 2,020 $ 42,051,597 1993 2,348 $ 57,367,465 9. Motor Vehicle Registration: 1983 - 132,458 1984 - 139,521 1985 - 136,444 1986 - 142,204 1987 - 140,445 1988 - 139,743 1989 - 166,937 1990 - 168,921 1991 - 173,967 1992 - 177,298 1993 - 187,638 10. Special Districts within County: 30 - Cities end Towns 17 - Schools 23 - Fire 19 - Water G Other 2 - Colleges 13 - Sanitation 11. Cities and Towns: Ault Garden City Longmont Brighton Gilcrest Mead Broomfield Greeley Milliken Dacono Grover Northglenn Eaton Hudson Nunn Erie Johnstown Pierce Evans Keenesburg Platteville Firestone Kersey Raymer Frederick LaSalle Severance Ft. Lupton Lochbuie Windsor 12. Recreation: Golf Courses - 6 City and Regional Parks Island Grove Recreational Complex Greeley Recreation Center (130) COUNTY OF WELD STATE OF COLORADO Miscellaneous Statistics - Continued (Unaudited) December 31, 1993 13. Libraries: Ault Town Library 9,300 Volumes Eaton Library 10,000 Volumes Glenn A. Jones Library 12,000 Volumes Greeley Library 100,539 Volumes Platteville Library 13,600 Volumes University of No. Colo. 921,863 Volumes Weld Library District 281,104 Volumes Windsor Public Library 27,021 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 1992 General Election 68,079 55,041 80.8 1993 General Election 64,161 25,044 39.0 15. Media Newspapers: The Greeley Tribune Town 6 Country News Aims College World The Mirror (UNC) North Weld Herald Farmer 4 Miner Keene 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: KFKA/ KVVS KGRE KHNC KUAD AM 6 FM KUNC FM Television: Receives commercial and public television originating from both Denver and Cheyenne stations; also cable television. 16. Sales Tax as of December 31, 1993: State - 32 Source: Weld County offices. Individual Libraries (131) COUNTY of WELD STATE OF COLORADO Insurance In Force (Unaudited) December 31, 1993 Policy Period Details of Annual Name of Company Policy Number Begins Expires Coverage Liability Limits Premiums National Union Fire Insurance Co 415-34-09 01/01/93 12/13/93 Excess Worker's Employer's Liability Compensation $1,000,000/Accident Workers Compensation Statutory Limits with County Retaining First $300,000 each claim $ 36,000 Travelers Ins. 07/01/92 06/30/93 $50,000,000/Accident Company M5J660920J5992TIL92 $5,000 Retained by Pool National Union Fire 4266125 07/01/93 06/30/94 Property Damage, Property: $50,000,000/ (Colorado Automobile Occurrence/$500 Deductible Counties Liability, All Liability: $250,000/ Casualty 4 General Liability, Person: $600,000/Claim Property Pool) Public Officials Excess Liability: (Federal Liability, Crime and Out-of-State Only) St. Paul Fire $750,000/Person Excess Insurance Co. 1029A0060 (Property Only) $250,000; $600,000/Claim (Colorado Excess $400,000 Counties Crime: $150,000/Loss Caaualty 4 $500 Deductible/ Property Pool) Property Claim County retaining first $125,000 each claim $ 167,039 (132) COUNTY OF WELD STATE OF COLORADO Salaries of Principal Officials (Unaudited) December 31, 1993 ELECTED OFFICIALS: Commissioners $ 36,000 Clerk & Recorder $ 38,000 Treasurer $ 38,000 Assessor $ 36,000 Sheriff $ 41,000 District Attorney $ 76,000 APPOINTED: County Attorney $ 62,615 Director of Planning $ 53,578 Director of Finance and Administration $ 96,883 Director of General Services/Purchasing $ 62,160 Director of Ambulance Services $ 56,042 County Engineer $ 62,160 Director of Social Services $ 59,759 Director of Health Department $ 45,246 Director of Human Resources $ 63,705 Director of Personnel $ 53,178 Comptroller $ 59,174 Director of Emergency Management $ 31,946 Director of Road and Bridge $ 62,160 Director of Computer Services $ 73,873 Surety Bond Coverage for Principal Officials (Unaudited) December 31, 1993 District Attorney $ 5,000 Commissioner $ 25,000 Treasurer $ 250,000 Sheriff $ 20,000 Assessor $ 6,000 Coroner $ 25,000 County Clerk $ 25,000 County Clerk (Titles & Deeds) $ 5,000 Director of Finance and Administration $ 100,000 Note; All bonds are issued by the St. Paul Insurance Company and are on file with the Weld County Clerk and Recorder. (133) COUNTY OF WELD STATE OF COLORADO Private Purpose Revenue Bonds (Unaudited) December 31, 1993 INDUSTRIAL REVENUE BONDS: DEBT REVENUE BONDS TYPE OF ISSUE OUTSTANDING OUTSTANDING ISSUER FACILITY AMOUNT DATE BEGINNING YEAR ISSUED RETIRED END OF YEAR Evangelical Lutheran Good Samaritan Soc. Nursing Home $1,400,000 11/79 $ 630,000.00 $ -0- $ 630,000.00 $ -0- Monfort Inc. 4,100,000 1/92 4,100,000.00 -0- -0- 4,100,000.00 Waste Service Corp. Landfill 860,000 2/91 820,000.00 -0- 20,000.00 800,000.00 Waste Service Corp. Landfill 2,500,000 2/91 2,415,000.00 -0- 50,000.00 2,365,000.00 Dr. Hesse Clinic 90,000 2/81 28,170.22 -0- 28,170.22 -0- 008 Gringos Land Warehouse 380,000 12/82 157,554.03 -0- 33,427.31 124,126.72 Eisenman Chemical Office 2,500,000 11/82 2,500,000.00 -0- 0.00 2,500,000.00 Platte River Steel Co. Manufacturing 2,000,000 5/82 1,630,000.00 -0- 70,000.00 1,560,000.00 10th Street Investment Office 2,500,000 8/82 1,995,000.00 -0- 1,995,000.00 -0- Gateway Partnership Office 2,800,000 9/83 2,115,000.00 -0- 2,115,000.00 -0- Dayton-Hudson Target Retail 2,000,000 4/83 200,000.00 -0- 200,000.00 -0- Colorado Counties, Inc. Office 625,000 7/84 520,000.00 -0- 520,000.00 -0- Weld Mental Health Office 650,000 6/84 435,000.00 -0- 40,000.00 395,000.00 Evangelical Lutheran Nursing Home 775,000 10/93 -0- 775,000 -0- 775,000.00 TOTAL INDUSTRIAL REVENUE BONDS 17,545,724.25 775,000 5,701,597.53 12,619,126.72 MORTGAGE REVENUE BONDS: Single-Family Revenue Bonds 1981-Series A $ 7,500,000 12/81 4,325,000.00 -0- 4,325,000.00 -0- GRAND TOTAL PRIVATE PURPOSE REVENUE BONDS $21,870,724.25 $ 775,000 $10,026,597.53 $12,619,126.72 (134) COUNTY OF HELD STATE OF COLORADO Retirement Plan Required Supplementary Information (Unaudited) ANALYSIS OF FUNDING PROGRESS BEGINNING NET ASSETS ASSETS IN EXCESS OF NET ASSETS PENSION IN EXCESS OF PBO AS A FISCAL AVAILABLE BENEFIT PERCENT OF PENSION ANNUAL COVERED PERCENTAGE of YEAR FOR BENEFITS OBLIGATION FUNDED OBLIGATION PAYROLL COVERED PAYROLL 1984 $ 11,244,338 $ 7,424,910 151.42 $ 3,819,428 $ 12,116,236 31.5 1985 12,970,501 9,267,695 140.0% 3,702,806 12,888,781 28.7 1986 16,858,875 10,070,431 167.4% 6,788,445 13,526 009 50.2 1987 20,121,008 15,836,511 127.1% 4,284,497 13,962,091 30.7 1988 20,329,032 18,163,945 111.9% 2,165,087 14,490,067 14.9 1989 22,477,627 20,213,686 111.22 2,263,941 14,901,100 15.2 1990 26,072,114 22,253,521 117.2% 3,818,593 15,996,924 23.9 1991 27,977,533 25,506,910 109.7% 2,470,623 17,142,831 14.4 1992* 29,768,093 29,636,684 100.4% 131,409 19,714,540 .7 1993 32,385,064 31,450,580 103.0% 934,484 19,797,152 4.7 As of January 1, 1992, plan benefit provisions and actuarial assumptions were amended. The changes had the effect of decreasing the pension benefit obligation by $501,116. REVENUES BY SOURCE FOR THE EMPLOYER CONTRIBUTIONS FISCAL AS A PERCENTAGE EMPLOYEE EMPLOYER INVESTMENT YEAR OF PAYROLL CONTRIBUTIONS CONTRIBUTIONS INCOME TOTAL 1984 5.50% $ 666,393 $ 666,393 $1,043,786 $2,376,572 1985 5.50% 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 6.00% 894,015 894,117 3,235,513 5,023,645 1990 6.00% 960,439 960,439 1,424,273 3,345,151 1991 6.00% 1,034,264 1,032,318 1,313,859 3,380,441 1992 6.00% 1,183,845 1,183,845 2,081,605 4,449,295 1993 6.00% 1,187,829 1,187,829 3,925,288 6,300,946 EXPENSES BY TYPE FOR THE FISCAL ADMINISTRATIVE YEAR BENEFITS EXPENSES REFUNDS TOTAL 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 1991 1,108,835 190,230 290,815 1,589,880 1992 1,263,671 195,374 373,280 1,832,325 1993 1,349,790 174,543 446,793 1,971,126 (135) COUNTY OF WELD STATE OF COLORADO Computation of Overlapping Bonded Debt General Obligation Bonds December 31, 1993 Net General Obligation Percentage Amount Bonded Debt Applicable to Applicable to Jurisdiction Outstanding Government Government Cities 6 Towns $ 87,689,174 91.765 $ 80,463,586 Schools 145,225,568 68.195 99,029,315 Special Districts 19,236,564 80.76% 23,533,824 Total Overlapping $ 252,151,306 $ 195,628,531 (136) COLORADO (137) COMPLIANCE SECTION n f 1111De COLORADO ANDERSON &WHITNEY, P.C. ANCIERSON CERTIFIED PUBLIC ACCOUNTANTS 1001 Ninth Avenue ©WI--IITNE)/ Greeley,Colorado 80631-4046 ■ ■ ■ ■ ■ (303)352-7990 FAX(303)352-1855 Independent Auditors' Report on 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 as of and for the year ended December 31, 1993, and have issued our report thereon dated May 20, 1994. These general purpose financial statements are the responsibility of the County's management. 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, 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. 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 of Weld, Colorado taken as a whole. The accompanying Schedule of Federal Financial Assistance for the year ended December 31, 1993 is presented for purposes of additional analysis and is not a required part of the general purpose financial statements. The information in that schedule has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly stated in all material respects in relation to the general purpose financial statements taken as a whole. May 20, 1994 (138) MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS-AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED.INC. WELD COUNTY SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE FOR THE YEAR ENDED DECEMBER 31, 1993 Federal Granting Agency/Recipient State Agency Federal Grant Program CFDA # Expenditures DEPARTMENT OF AGRICULTURE: Direct Payments: Bankhead Jones Act N/A $102,356 Pass Through Payment from the State of Colorado Department of Social Services: Food Stamps " 10.551 8,838,166 Child&Adult Care Food Program 10.558 141,505 State Administrative Matching Grants 10.561 212,576 for Food Stamp Program Commodity Supplemental Food Program * 10.565 1,518,993 Temporary Emergency Food Assistance 10.568 8,150 (Administrative Costs) Temporary Emergency Food Assistance 10.569 94,373 (Food Commodities) Total Department of Agriculture 10,916,119 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT: Direct Payments: Rental Housing Rehabilitation 14.230 8,309 Section 8 Rental Voucher Program 14.855 695,245 Section 8 Rental Certificate Program 14.857 664,058 Pass Through Payments from the State Department of Housing and Urban Development: Preservation of Affordable Housing 14.187 42,142 Community Development Block Grant- North Weld 14.228 88,573 Home Investment in Affordable Housing 14.239 5,330 Pass Through Payment from the State of Colorado Department of Social Services: Emergency Shelter Grants Program 14.231 39,412 Total Department of Housing and Urban Development 1,543,069 (139) WELD COUNTY SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE FOR THE YEAR ENDED DECEMBER 31, 1993 Federal Granting Agency/Recipient State Agency Federal Grant Program CFDA# Expenditures DEPARTMENT OF THE JUSTICE: Pass Through Payments from the State Division of Criminal Justice: Juvenile Justice &Delinquency Prevention - 16.540 $26,678 Allocation to State Crime Victim Assistance 16.575 4,704 Crime Victim Compensation 16.576 54,488 Drug Control &System Improvement- Formula Grant 16.579 141,874 Total Department of the Justice 227,744 DEPARTMENT OF LABOR: Pass Through Payments from the Colorado Department of Labor: Employment Service 17.207 193,152 Summer Job Hunt N/A 5,500 Pass Through Payments from the State of Colorado Governor's Job Training Office: Senior Community Service Employment Program 17.235 23,908 Employment &Training Assistance - 17.246 135,588 Dislocated Workers Job Training Partnership Act * 17.250 1,125,049 Total Department of Labor 1,483,197 DEPARTMENT OF TRANSPORTATION: Pass Through from the Colorado Department of Highways: Federal Transit Capital &Operating 20.507 31,703 Assistance Formula Grants Total Department of Transportation 31,703 ENVIRONMENTAL PROTECTION AGENCY: Direct Payments: Air Pollution Control Program Support 66.001 23,074 Total Environmental Protection Agency 23,074 FEDERAL EMERGENCY MANAGEMENT AGENCY: Direct Payments: Federal Emergency Management Food&Shelter Program 83.523 21,000 Total Federal Emergency Management Agency 21,000 (140) WELD COUNTY SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE FOR THE YEAR ENDED DECEMBER 31, 1993 Federal Granting Agency/Recipient State Agency Federal Grant Program CFDA# Expenditures DEPARTMENT OF HEALTH AND HUMAN SERVICES: Direct Payments: Head Start * 93.600 $2,145,779 Pass Through Payment from the State of Colorado Department of Social Services: Special Programs for the Aging -Title III, 93.044 149,631 Part B -Grants for Supportive Services& Senior Centers Special Programs for the Aging-Title III, 93.045 167,196 Part C - Nutrition Services Special Programs for the Aging -Title III, 93.046 8,729 Part D - In Home Services for Frail Older Individuals Special Programs for the Aging -Title IV, 93.048 33,238 Training, Research & Descretionary Projects& Programs At Risk Child Care 93.547 812,552 Family Support Payments to States - 93.560 3,503,072 Assistance Payments * Job Opportunities & Basic Skills Training 93.561 294,053 Child Support Enforcement • 93.563 809,549 Low Income Home Energy Assistance * 93.568 1,191,623 Payments to States for Child Care Assistance 93.575 164,529 Child Welfare Services - State Grants 93.645 130,379 Foster Care, Title IV-E 93.658 469,870 Social Services Block Grant * 93.667 1,429,775 Medical Assistance Program 93.778 154,227 Pass Through from the Department of Local Affairs: Community Services Block Grant 93.569 152,624 Community Development Block Grant- EDAP N/A 332,603 Pass Through Payments from the State Department of Health: Acquired Immunodeficiency Syndrome (AIDS) Activity 93.118 139,950 Family Planning Services 93.217 91,103 CPD Child Care Survey N/A 29,972 Total Department of Health and Human Services 12,210,454 TOTAL FEDERAL EXPENDITURES $26,456,360 * Major Program (141) COUNTY OF WELD STATE OF COLORADO SCHEDULE OF FINDINGS AND QUESTIONED COSTS Year Ended December 31, 1993 Program Finding/Noncompliance Low Income Energy Required "notice to client" could not be located for two Assistance Program individuals. Payments made to these individuals totalled $209. Management Response: Changes have been made to prevent this from occurring in the future. (142) ANDERSON &WHITNEY, RC. ANdERSON CERTIFIED PUBLIC ACCOUNTANTS 1001 Ninth Avenue ©WI-IITNE)/ Greeley,Colorado 80631-3)3 ■ ■ ■ . . (303)352-7990-7990 FAX(303)352-1855 Independent Auditors' Report on Compliance with Specific Requirements Applicable to Major and Nonmaior 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, 1993, and have issued our report thereon dated May 20, 1994. We have also audited the County's compliance with the requirements governing types of services allowed or not allowed; eligibility; matching, level of effort or earmarking; reporting; cost allocation; monitoring subrecipients; special tests and provisions; 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, 1993. 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 of compliance with those requirements 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 material noncompliance with the requirements referred to above occurred. An audit includes examining, on a test basis, evidence about County of Weld, Colorado'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 of Weld, Colorado complied, in all material respects, with the requirements governing types of services allowed or not allowed; eligibility;matching, level of effort or earmarking; reporting; cost allocation; monitoring subrecipients; special tests and provisions; 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, 1993. Oas> MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS-AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASpnCIATED,INC. Board of County Commissioners County of Weld, Colorado Page 2 In connection with our audit of the general purpose financial statements of the County and with our consideration of the County's control structure used to administer federal financial assistance programs, as required by OMB 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, 1993. As required by OMB Circular A-128, we have performed auditing procedures to test compliance with the requirements governing types of services allowed or not allowed and eligibility that are applicable to those 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. 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. However, this report is a matter of public record and its distribution is not limited. ateetiaft7J ,4e• May 20, 1994 (144) ANDERSON & WHITNEY, P.C. ANdERSON CERTIFIED PUBLIC ACCOUNTANTS 1001 Ninth Avenue ©WI--IITNEy Greeley,Colorado 80631-40463)3 . ■ • ■ ■ (303)352-7990 FAX(303)352-1855 Jndependent Auditors' Report on Compliance with the General Requirements Anplicable to 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, 1993, and have issued our report thereon dated May 20, 1994. We have applied procedures to test the County's compliance with the following requirements applicable to its federal financial assistance programs, which are identified in the Schedule of Federal Financial Assistance, for the year ended December 31, 1993. ► Political activity ► Davis-Bacon Act ► Civil rights ► Cash management ► Relocation assistance and real property acquisition ► Federal financial reports ► Allowable costs/cost principles ► Drug-free workplace ► Administrative requirements Our procedures were limited to the applicable procedures described in the 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 second 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. 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. However, this report is a matter of public record and its distribution is not limited. `1- (N IBC. (145) (� / May 20, 1994 MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS-AICPA DIVISION FOR CPA FIRMS ACCOUN➢NG FIRMS ASSOCIATED.INC. ANDERSON &WHITNEY, P.C. ANdERSON CERTIFIED PUBLIC ACCOUNTANTS 1001 Ninth Avenue ©WIiITNE)/ Greeley,Colora00 80631-4046 X ■ ■ . ■ ■ 352-7990(303) FAX(303)352-1855 Independent Auditors' Report on Compliance Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 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, 1993, and have issued our report thereon dated May 20, 1994. 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 require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Compliance with laws, regulations, contracts, and grants applicable to the County is the responsibility of the County's management. As part of obtaining reasonable assurance about whether the 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, the objective of our audit of the general purpose financial statements was not to provide an opinion on overall compliance with such provisions. Accordingly, we do not express such an opinion. 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. However, this report is a matter of public record and its distribution is not limited. (itildifecacAi t%5G�19 Vic. � May 20, 1994 (146) MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS-AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED,INC. ANDERSON & WHITNEY, RC. ANdERSON CERTIFIED PUBLIC ACCOUNTANTS 1001 Ninth Avenue ©WhITNE)/ Greeley,Colorado80631-4045 . ■ • • • (303)352-7990 FAX(303)352-1855 Independent Auditors' Combined Report on Internal Control Structure 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, 1993, and have issued our report thereon dated May 20, 1994. 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 20, 1994. We conducted our audits 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 audits for the year ended December 31, 1993, we considered the County's internal control structure in order to determine our auditing procedures for the purpose of expressing our opinions on the County's general purpose fmancial statements and on the County's compliance with requirements applicable to major programs, and to report on the internal control structure in accordance with OMB Circular A-128, and not to provide assurance on the internal control structure. 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 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. (147) MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS-AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED.INC. Board of County Commissioners County of Weld, Colorado Page 2 For the purpose of this report, we have classified the significant internal control structure policies and procedures used in administering federal fmancial assistance programs in the following categories: Accounting Controls Cash receipts/revenue Property taxes Purchasing/expenditures Payroll Property and equipment General ledger Administrative Controls General Requirements: Specific Requirements: ► Political activity ► Types of services allowed or not allowed ► Davis Bacon Act ► Eligibility ► Civil rights ► Matching, level of effort, or earmarking ► Cash management ► Reporting ► Relocation assistance and real ► Cost allocation property acquisition ► Special requirements ► Federal financial reports ► Monitoring subrecipients ► Allowable costs/cost principles Claims for advances and reimbursements ► Drug-free workplace Amounts claimed or used for matching ► Administrative requirements 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. Because of the large number of nonmajor programs and the decentralized administration of these programs, we performed procedures to obtain an understanding of the internal control structure policies and procedures relevant to nonmajor programs on a cyclical basis. Our procedures during the current year covered 64% of the nonmajor programs administered by the County as a whole. The nonmajor programs not covered during the current year are expected to be subject to such procedures at least once during a three-year cycle. During the year ended December 31, 1993, the County expended 84% of its total federal financial assistance under major federal assistance programs. (148) 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 the County's major federal financial assistance programs, which are identified in the accompanying 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. Our consideration of the internal control structure policies and procedures used in administering federal financial assistance would not necessarily disclose all matters in the internal control structure that might constitute material weaknesses 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 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 or 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. We noted no matters involving the internal control structure and its operations 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 letter dated May 20, 1994. 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. However, this report is a matter of public record and its distribution is not limited. 61-4-66-44-07d 6144-ty--- May 20, 1994 (149) Hello