HomeMy WebLinkAbout991165.tiff A
YEAR ENDED DECEMBER 31, 1998
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COUNV OD
STAT. Of
Prepared by:
Finance/Accounting
Departments
991165
1NTRODVCTORY
SECTION
111k
COLORADO
TABLE OF CONTENTS
Page
INTRODI ICTORY SECTION
Table of Contents
Letter of Transmittal 1
Government Finance Officers Association Certificate
of Achievement for Excellence in Financial Reporting 14
Organization Chart 15
Principal County Officials 16
FINANCIAL SECTION
Independent Auditors' Report 17
GENERAL PURPOSE FINANCIAL STATEMENTS
Combined Balance Sheet- All Fund Types, Account Groups and
Discretely Presented Component Unit 20
Combined Statement of Revenues, Expenditures and Changes in Fund
Balances - All Governmental Fund Types, Expendable Trust Funds
and Discretely Presented Component Unit 22
Combined Statement of Revenues, Expenditures and Changes in Fund
Balances - Budget and Actual - General Fund, Special Revenue Funds
and Capital Projects Fund 24
Combined Statement of Revenues, Expenses and Changes in Retained
Earnings/Fund Balances - All Proprietary Fund Types and Similar
Trust Funds 26
Combined Statement of Changes in Plan Net Assets -
Pension Trust Fund 27
Combined Statement of Cash Flows-
All Proprietary Fund Types and Nonexpendable Trust Funds 28
Notes to Financial Statements 29
Pension Trust Required Supplementary Information 52
COMBINING, INDIVIDUAL FUND AND INDIVIDUAL ACCOUNT GROUP
FINANCIAL STATEMENTS AND SCHEDULES
GENERAL FUND
Balance Sheet 53
Statement of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual 54
SPECIAL REVENUE FUNDS
Explanations of Individual Funds 59
Combining Balance Sheet 60
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances 62
Public Works Fund - Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual 64
Social Services Fund - Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual 66
Conservation Trust Fund- Statement of Revenues, Expenditures
and Changes in Fund Balances - Budget and Actual 68
Contingent Fund - Statement of Revenues, Expenditures and Changes
in Fund Balances - Budget and Actual 69
Emergency Fund - Statement of Revenues, Expenditures and Changes
in Fund Balances - Budget and Actual 70
Public Health Fund - Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual 71
Human Services Fund - Statement of Revenues, Expenditures
and Changes in Fund Balances - Budget and Actual 72
Solid Waste Fund - Statement of Revenues, Expenditures and Changes
in Fund Balances - Budget and Actual 74
ii
CAPITAL PROJECTS FUND
Explanation of Individual Fund 75
Capital Expenditures Fund - Balance Sheet 76
Capital Expenditures Fund- Statement of Revenues, Expenditures
and Changes in Fund Balance, Budget and Actual 77
ENTERPRISE FUND
Explanation of Individual Fund 79
Ambulance Fund - Balance Sheet 80
Ambulance Fund - Statement of Revenues, Expenses and Changes
in Retained Earnings - Budget and Actual 81
INTERNAL SERVICE FUNDS
Explanations of Individual Funds 83
Combining Balance Sheet 84
Combining Statement of Revenues, Expenses and Changes in
Retained Earnings 86
Combining Statement of Cash Flows 88
Motor Vehicle Fund - Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual 90
Health Insurance Fund - Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual 91
Insurance Fund - Statement of Revenues, Expenses and Changes
in Retained Earnings - Budget and Actual 92
Phone Service Fund - Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual 93
Weld Finance Corporation - Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual 94
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TRUST AND AGENCY FUNDS
Explanations of Individual Funds 95
Combining Balance Sheet 96
Pension Trust Fund- Statement of Changes in Plan Net Assets 98
All Expendable Trust Funds - Statement of Revenues,
Expenditures and Changes in Fund Balance 99
Nonexpendable Trust Fund - Statement of Revenues, Expenses
and Changes in Fund Balance 100
Statement of Changes in Assets and Liabilities -
All Agency Funds 101
GENERAL FIXED ASSETS ACCOUNT GROUP
Schedule of General Fixed Assets by Source 103
Schedule of General Fixed Assets by Function and Activity 104
Schedule of Changes in General Fixed Assets by Function and Activity 105
GENERAL LONG-TERM DEBT ACCOUNT GROUP
Schedule of Long-Term Debt 107
STATISTICAL SECTION
Tables Relating to Bonded Debt 109
General Governmental Expenditures by Function 110
General Revenue by Source 110
Property Value, Construction, Bank Deposits and Other Economic Indicators 112
Property Tax Levies and Collections 113
Assessed and Estimated Actual Value of Taxable Property 113
Property Tax Levies - Direct and Overlapping Governments 114
iv
STATISTICAL SECTION(Continued)•
Special Assessment Collections 115
Computation of Legal Debt Margin 116
Demographic Statistics 117
Principal Taxpayers 118
Miscellaneous Statistics 119
Insurance in Force 121
Salaries of Principal Officials 122
Surety Bond Coverage for Principal Officials 122
Private Purpose Revenue Bonds 123
Computation of Overlapping Bonded Debt - General Obligation Bonds 124
OTHER REQUIRED SI TPPLEMENTARY INFORMATION
Year 2000 Considerations 125
COMPLIANCE SECTION
Independent Auditors' Report on Compliance and on Internal Control over
Financial Reporting on an Audit of Financial Statements Performed
in Accordance with Government Auditing Standards 127
Independent Auditors' Report on Compliance with Requirements Applicable
to each Major Program and on Internal Control over Compliance
in Accordance with OMB Circular A-133 129
Schedule of Expenditures of Federal Awards 131
Notes to Schedule of Expenditures of Federal Awards 134
Schedule of Findings and Questioned Costs 135
Summary Schedule of Prior Audit Findings 136
v
SI TPPI,FMFNTAL INFORMATION:
Independent Auditors' Report 138
Annual Statement of Receipts and Expenditures for Roads,
Bridges & Streets 139
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DEPARTMENT OF FINANCE
AND ADMINISTRATION
PHONE (970) 356-4000, EXT.4218
FAX: (970) 352-0242
P.O. BOX 758
GREELEY, COLORADO 80632
June 1, 1999
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, 1998, 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 is accurate in all material
respects and is 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, Federal Single Audit Amendments of 1996, and U.S. Office of
Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit
Organizations. Information related to this single audit, including the schedule of expenditures of
federal awards, and auditors' reports on compliance and internal controls, 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.
The financial statements of the following organizations are included in the accompanying financial
statements:
• Weld County Housing Authority
• Weld County Retirement Plan
• Weld County Finance Corporation
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The following related organizations are excluded from the accompanying financial statements:
• 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
As Marie Leigh Livingston, UNC Department of Economics, pointed out in a recent EDAP article,
for almost seven years the United States and Weld County has experienced a "dream economy,"
meaning growth without serious unemployment or inflation.
Of course, there are variations in economic performance between regions within the U.S. In this
respect, Colorado has been on the strong end. The Northern Colorado economy is particularly
robust. In most respects our local economy is like the national economy, but even more so. Our
particularly strong state and local economies mean that our incomes have grown more than the
national average, unemployment is lower and inflation is higher than the overall national average.
These general trends have been true since 1991 and they have important implications for our local
economy.
Indeed, Northern Colorado mirrors the nation in that income is concentrated in the top tiers.
Income is determined by employment, and jobs tend to be either high skilled and high paying, or
low skilled with low pay, with little ground in between. The consumer market is becoming
increasingly bi-polar with a growing disparity in the ability of high income and low income
consumers to buy products and make investments. This trend is thought to be the result of
technology (especially computer technology) and an increasing demand for high-skilled workers.
On the other end, the U.S. has had an influx of low-skilled workers (via immigration) and
international competition has reduced demand for low-skilled workers. In this context, it becomes
even more important that high paying industries are attracted to our local economy.
The structure of jobs in an economy largely determines the distribution of income. According to
recent reports, approximately 20% of Colorado's economy is devoted to goods production, 65%
to services, and 15% to government. Service jobs are not necessarily low pay. They include
health care, education and many business services. The top three basic industries in the state
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(those with the greatest spin-offs) are: 1) advanced technology (including telecommunications,
high tech manufacturing and biomedical firms),2)tourism and 3)agriculture. We are fortunate that
all three basic industries are well represented in Northern Colorado.
Not surprisingly, the advanced technology sector is the most healthy in the state and is likely to
continue to experience strong growth. As might be expected, wages in this industry are very high
relative to the state average. Companies like Hewlett Packard, Kodak, and Advanced Energy help
Northern Colorado to score high in this area. Tourism has suffered losses in market share in
recent years and is not expected to rebound significantly. Agriculture has been a mixed bag, with
crop production growing and the livestock sector suffering losses. Agriculture is forecast to
continue growing at a slower rate, with exports abroad (especially to Japan) hitting record levels.
We should be proud that Weld County consistently ranks high nationwide in terms of agricultural
production.
In terms of inflation, price increases in Colorado reflect the higher pace of the local economy. Price
increases have tended to exceed the national average. Estimates suggest that inflation for 1999
will be 2.0% for the nation and 3.4% for the Denver/Boulder area. Based on data collected in the
local area, it appears that inflation in Northern Colorado is even higher, perhaps 5-6%. In general,
prices in Northern Colorado have been lower than in the Denver Metro area, but with higher rates
of increase, they are catching up quickly.
For consumers, the most noticeable and important price increase is in the area of housing.
Historically speaking, mortgage interest rates are very low(7.0%), but prices are higher than ever.
While housing prices have increased everywhere in Northern Colorado, there are variations
between the tri-city area (Greeley, Fort Collins, and Loveland). The median home price in Greeley
is reported at $131,744, $144,040 in Loveland, and $149,000 in Fort Collins. Bargains still exist
but they are becoming rare!
According to local real estate experts, in the last four years the average home price has increased
by 51%, 50% and 39% in Greeley, Loveland, and Fort Collins, respectively. Northern Colorado
prices are still behind Boulder ($250,000) and bedroom communities like Louiseville ($189,000).
Indeed as home prices in the Metro area continue to increase, buyers tend to move up the Front
Range. Northern Colorado is truly an interconnected community.
Overall, the state of the Northern Colorado economy is very healthy. Production and incomes are
growing and we have a nice mix of industries and services. The population growth in our area
attests to the desirability of the region. The challenge for residents is to be employed in a high
skill/high pay sector and to keep up with the increasing prices that growth brings. These issues
not withstanding, Northern Colorado promises to be a great place to work and live in 1999.
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MAJOR INITIATIVES
For the Year: In 1998 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 1998:
> Accomplished the first full year of operation of the new county jail.
> Reconstructed bridge#5/42A.
> Implemented Geographical Information System.
> Completed development of a backup site for communications center.
> Responded to federal welfare reform and its impact on Weld County programs.
> Implemented, in conjunction with the state, the Electronic Benefit Transfer Payment
System.
> Expanded the service level of the household hazardous materials program and cleanup
program.
> Implemented the 1-25 Mixed Use Development Plan and development standards in the
Intergovernmental Agreement between the county, Dacono, Firestone, and Frederick.
> Held the first general election with the new Accuvote system.
> Implemented emergency medical dispatch system.
> Funded the runway expansion and new terminal building at the Airport.
FOR THE FUTURE
As Weld County faces 1999, it must continue to deal with the rapid growth that it is experiencing
in Southwest Weld County, Windsor, and West Greeley. The growth impacts the criminal justice
system, land use planning, transportation systems, and human services. All these new demands
from growth pressures comes at a time of the public's demand to limit the size of government and
its tax revenues, resulting in such issues as welfare reform and the TABOR tax, revenues, and
spending limitations. Weld County has to respond with new and creative ways to deal with these
issues in a way that is satisfactory to the citizens of Weld County, and maintains the high quality
of life the citizens are accustomed to having in Weld County.
Federal and state legislation over the past few years have had significant impact on welfare
programs administered by Weld County Social Services. In the future we can expect client
eligibility, program design, state rules, allocation methods, and funding levels to change. This will
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call for Weld County to adjust how we do business in the delivery of human service. In 1999, the
outlook is positive primarily due to a healthy economy and adequate program funding. However,
in the future the demand for services is likely to grow because of the population growth and an
increase in social problems as the county becomes more urbanized.
With growth has come the demand and need for a larger criminal justice system in Weld County.
The county is experiencing more people and becoming more urbanized. As a result, Weld County
has more urbanized problems, such as crime. The result has been the addition of more police
officers in Weld County, which impact the Sheriffs patrol operation, the jails, District Attorney, and
courts. All of these areas in the 1999 budget show significant increases in demand for service and
costs. The District Attorney has requested four additional staff members to deal with the growing
caseload resulting from over 40 new police officers county wide being added to patrol Weld County.
The Sheriff has requested four additional officers to respond to calls and investigate the increased
criminal activity in Weld County. All this has impacted the population of the new jail that was
opened in late 1997, and is approaching overcrowding again.
The criminal justice system costs do not stop with the operational costs of the budget, but spill over
into the capital expenditures, also. In the capital budget funds for 1999 include dollars to add two
courtrooms. In addition, funds are being reserved for additional jail space construction as early as
2001-2002.
The growth in construction and development have caused the addition of staff in the Planning and
Building Inspection budgets. This has been necessary to keep up with the rapid growth in the
county. The spin off is that the growth is impacting virtually every county department. Not only
direct service departments, but also support functions, such as the Geographical Information
System that is being implemented.
A direct growth impact is the transportation systems in Weld County. To help plan and cope with
the growth in traffic a major initiative has started with Weld County and several municipalities in
Weld County. Weld County is growing rapidly, particularly in the southwest corner of the county,
including Frederick, Firestone, Dacono, Erie, Mead, Longmont, and the Windsor area. These
growing areas need improvements in transportation systems. The jurisdictions have joined with
Weld County to conduct a collaborative effort to identify transportation systems to serve these
areas, develop uniform transportation infrastructure standards, and implement impact fees to help
construct new transportation infrastructures to serve these areas. To complete key parts of that
larger project, the county will hire a consultant to conduct a study of transportation infrastructure
standards, impact fees and develop ordinances to implement impact fees. The county's goals for
the larger project are to:
• Develop transportation routes that maximize energy efficiency and maximize efficient use
of infrastructure resources.
• Develop transportation routes that minimize traffic congestion.
• Understand the economic implications of growth on the transportation systems of the two
areas and identify ways to mitigate negative impacts.
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• Understand how regional taxes and revenues relate to transportation system funding,
particularly impact fees, for the two areas and design a proposal to implement impact fees
to complement such taxes and revenues.
With actions and programs like the transportation planning, GIS, and appropriate staffing in
impacted areas, Weld County is positioning itself to deal with growth as it impacts land use,
transportation, human service requirements, public safety and economic development in the future.
Department Focus: The County uses Banner financial software and the PeopleSoft human
resources system, which were implemented January 1, 1996. Both systems have provided the
County with necessary query management facilities, graphic presentation and upload/download
capabilities, and have been certified year 2000 compatible. An emergency back-up plan has been
prepared for each system. Both systems have been beneficial in allowing greater user access to
financial information, thereby assisting the managers of the county in business planning of
individual departments.
Program changes for 1999 involve the following:
> Reconstruct the following major bridges: #5/42A and #47/68B.
> Complete mapping of county in the Geographical Information System in 1999.
> Respond to federal welfare reform and its impact on Weld County programs.
> Expand the service level of the household hazardous materials program and cleanup
program.
> Fund the runway expansion and new terminal building at the Airport.
> Perform transportation system study and corresponding transportation impact fees.
> Add two additional courtrooms.
> Support domestic violence court with additional Deputy District Attorney.
> Install TelePath phone answering service in Assessor's and Treasurer's offices.
> Increase Sheriff's patrol and investigation functions with four additional officers via a COPS
UHP grant.
> Reinstate funding for North Front Range Behavior Health for mental health services for
working poor.
> Complete the 1999 Public Works Work Plan.
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Honorable Board of Commissioners
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. Internal controls are
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 adequate internal controls are in place to ensure compliance with applicable laws
and regulations related to those programs. Internal controls are 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 internal controls, 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, 1998, indicated no instances
of material weaknesses in internal controls 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 County also maintains an
encumbrance accounting system as one technique of accomplishing budgetary control. Purchase
orders which result in an overrun of department balances are not released until additional
appropriations are made available. Encumbered amounts lapse at year end. However,
encumbrances generally are reappropriated as part of the following year's budget.
As demonstrated by the statements and schedules included in the financial section of this report,
the government continues to meet its responsibility for sound financial management. All dollar
amounts presented in tables in the remainder of this letter are expressed in thousands.
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Honorable Board of Commissioners
GENERAL GOVERNMENT FUNCTIONS
Revenue for general government functions including General, Special Revenue, Capital Projects
and Expendable Trust Funds totaled $77,281,218 in 1998, a decrease of 22.4% over 1997.
General property taxes and specific ownership taxes produced 43.3% of total revenue, up from
1997. The amount of revenue from various sources and the changes from 1997 are shown in the
following tabulation:
Increase
Amount Percent (Decrease)
Revenue Sources (In Thousands) of Total from 1997
Taxes $ 33,494.27 43.3% $ 1,629.49
Licenses and Permits 1,766.00 2.3 631.62
Intergovernmental Revenue 29,766.18 38.5 (15,894.75)
Charges for Services 4,116.16 5.3 (1,668.54)
Fines and Forfeitures 35.26 .1 11.96
Miscellaneous Revenue 4,555.68 5.9 (7,715.73)
Fees 3,547.67 4.6 650.07
Total $ 77,281.22 100.0% $ (22,355.88)
The mill levy was 22.038 mills, unchanged from last year. The assessed value for the 1998 budget
was$1,476,692,203 which was up$149.6 million or 11.27%. The only class of property decreasing
was agriculture, which dropped $34.9 million or 26.2%. The largest increase came in residential
properties, which were up $107.8 million or 30.48%. Commercial and industrial property values
were up $25.29 million or 7.1%. Oil and gas that had dropped in 1997 was up $34.7 million or
11.63%.
Current tax collections were 99.01% of the tax levy, up.39%from 1997. Delinquent tax collections
were $108,995, compared with $91,804 in 1997.
Allocations of property tax by purpose for 1997 and 1998 are shown as follows:
1997 1998
Purpose Mills Mills
General Fund 14.447 16.069
Special Revenue Funds 4.746 3.338
Capital Projects Fund 2.431 1.947
Internal Service Funds .414 .684
Total Tax Rate 22.038 22.038
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Honorable Board of Commissioners
Intergovernmental Revenue represented 38.5%of total general governmental revenue, compared
with 45.8% for 1997. Social Service programs account for 29.1% of the intergovernmental
revenue, which is caused by the increased caseload of the welfare system in the areas of Foster
Care and Day Care.
Expenditures for general governmental purposes including General, Special Revenue, Capital
Projects, and Expendable Trust Funds totaled $80,681,774, a decrease of 10.8% from 1997.
Changes in levels of expenditures for major functions of the county over 1997 are shown in the
following tabulation:
Increase
Amount Percent (Decrease)
Expenditure Purpose (In Thousands) of Total from 1997
Current Operating:
General Government $ 13,450.81 16.7% $ 1,276.16
Public Safety 17,585.72 21.8 2,504.74
Public Works 15,559.09 19.3 (728.03)
Public Health & Welfare 14,957.95 18.5 (15,253.76)
Culture & Recreation •
C440.16 .5 (215.41)
Economic Assistance 8,275.53 10.3 771.61
Miscellaneous 1,073.35 1.3 (81.40)
Capital Outlay 8,332.80 10.3 1,758.51
Debt Service 479.93 .6 190.57
Intergovernmental 526.43 .7 40.06
Total $ 80,681.77 100.0% $ (9,736.95)
The major factors impacting 1998 ranged from specific programs to the fiscal and taxing
environment Weld County must operate within currently. Amendment One (TABOR) imposes a
reduction of the mill levy, plus property tax, spending and revenue limits not exceeding inflation and
growth in net new construction.
Again, the most significant factors impacting 1998 was the operation of a new county jail.
Completion of the construction of the jail in 1997 was critical. Mandatory incarceration, population
growth, backlog of state inmates into the county jail, and stiffer sentencing practices are causing
the jail population to grow. Although alternative jail programs are being developed, there will be
no relief in the growth rate of inmates in the immediate future. The first full year for the operational
costs of the jail to be included in the budget was 1998.
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General government functions were up $2,237,988, primarily due to the funding of the
Geographical Information System (GIS) at the level of $995,684. In addition, the Election
Department was up for the general election year by$71,529 and Printing and Supply is now in the
General Fund at$133,071. Buildings and Grounds was$459,256 with over two-hundred thousand
more square feet of space to maintain with the addition of the new jail and Social Services
buildings. The District Attorney was $52,933 with additional staff. Public Safety was $1,786,224.
Well over a million dollars of the increase is attributed to the first full year of operational costs for
the new North Jail Complex, which is a 160-bed facility. The remaining increase in Public Safety
is directly related to Community Corrections grant program that have been expanded by the State
of Colorado. The Health subsidy was up $73,575 for salary adjustments. Funding for mental
health was reduced $91,875. A salary adjustment of 4% resulted in a $607,704 increase. Other
budget items were relatively stable for 1998.
Licenses and permits were up $126,500 in the area of building permits due to rate changes and
growth in activity. Grant revenues were up $308,413 as a result of Community Corrections grant
increases. Charges for services were up $452,860. This increase was caused by revenue from
DOC inmates($106,284),Victim Witness($50,000), Building and Grounds($115,826), Information
Services ($21,000), and Communications for emergency medical dispatch and tower rental
($101,305). Other revenues were very stable and unchanged for 1998.
Public Assistance in the Social Services Fund dropped to $11,080,933 due to welfare reform and
electronic benefit transfers(EBT). Both factors had significant impact on 1998 expenditures.Client
eligibility, program design, state rules, allocation methods, and funding levels, are some of the
major changes that occurred. In addition, EBT changed the method under which clients and
providers receive grants or payment for services. It will take about a year and a half to determine
the financial impact of these changes. AFDC and JOBS were replaced in July 1997 with
Temporary Assistance to Needy Families (TANF). A greater emphasis was made to help clients
find employment as opposed to granting them a welfare payment. A federal time limit will take
effect for most clients.
In the Communication Dispatch Unit, emergency medical dispatch was added as a service to the
public. The cost of$96,957 was paid for via a chargeback to the Ambulance Service. In addition
to providing immediate emergency medical direction to callers, it allows a better response
assessment of patients for ambulance dispatch purposes.
FUND BALANCE
Total fund balance and fund equity in the major operating funds were maintained at adequate
levels. The General Fund balance of $ 3,942,532 was up $ 1,410,985 from last year. The
$14,849,247 balance in the Special Revenue Funds was down from the previous year by 18.05%.
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 answered over 7,500 calls in 1998 and generated revenue of$3,632,449.
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Pension Trust Fund Operations: The operations of the Weld County Retirement Plan remained
stable in 1998. The January 1, 1998, actuarial valuation reflected the adoption of the entry age
actuarial cost method in accordance with GASB 25 which resulted in an unfunded actuarial accrued
liability of$3,458,379. The actuarial value of assets was determined using techniques that smooth
the effects of shorter term volatility in the market value of investments over a five-year period. The
unfunded actuarial accrued liability is being amortized using a level dollar method over a 30 year
closed period. The remaining amortization period at December 31, 1998, was 28 years.
Internal Service Funds: The Internal Service Funds consists of five 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 Insurance Fund provides workers'
compensation, property and casualty insurance needs for the County. The PBX Fund provides all
phone service to the County. The Weld Finance Corporation Fund provides capital financing for
building facilities 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 1998 were for the new Social Services building,
Health building and Public Works facility.
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, 1998, the General Fixed Assets of the County amounted to
$47,748,848. 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 1998 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 forty-six million
dollar allowable debt capacity in accordance with Colorado Revised Statutes. There are
lease/purchase agreements which involve two Certificate of Participation Bond Issues totaling
$8,580,000 for the construction of the new jail and north administrative buildings.
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 other
specified funds, and the interest earned on certain deposits held for other taxing authorities. The
amount of interest earned was $2,282,247 in 1998.
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 County, its agent or
11
Honorable Board of Commissioners
a financial institution's trust department in the County's name. All of investments held by the
County during the year and at December 31, 1998, are classified in the category of lowest credit
risk as defined by the Governmental Accounting Standards Board, except for mutual funds and
investment pools which cannot be categorized.
Risk Management: During 1998 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 Kosmicki Dollarhide and
Company, LLC, 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, Federal Single Audit Amendments of 1996, and related OMB Circular A-133. The
auditors' report on the general purpose financial statements and combining and individual fund
statements and schedules is included in the Financial Section of this report. The auditors' reports
related specifically to the single audit are included in the Compliance Section.
Awards: The Government Finance Officers Association (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to the County for its Comprehensive Annual
Financial Report for the fiscal year ended December 31, 1997. This was the thirteenth 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 1998 annual appropriated budget for the thirteenth 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.
12
Honorable Board of Commissioners
ACKNOWLEDGMENTS
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 1998 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, 1998. The preparation of this report could not be
accomplished without the efficient and dedicated services of the entire staff of the
Accounting/Finance Department. I should like to express my appreciation to all members of the
department who assisted and contributed to its preparation. I should also like to thank the
members of the Board of County Commissioners for their interest and support in planning and
conducting financial operations of the County in a responsible and progressive manner.
Res ecffully submitt
Donald D. Warden, Director
Finance and Administration
DDW/cah
•
13
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, 1997
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.
tiEf OFF% aew4,4
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d Q
COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31, 1998
Board of County Commissioners
Constance Harbert
W. H.Webster
Dale Hall
Barb Kirkmeyer
George Baxter
county Treasurer
Arthur Willis
County Clerk and Recorder
J.A. Tsukamoto
County Assessor
Warren Lasell
county Sheriff
Ed Jordan
County Coroner
Scott Anthony
Director of Finance &Administration
Donald D. Warden
Comptroller
Claud Hanes
Independent Auditors
Kosmicki Dollarhide & Co. LLC
Certified Public Accountants
16
FINANCIAL
SECTION
1011 :to;
111k.
COLORADO
CERTIFIED PUBLIC ACCOUNTANTS
PARTNERS
John C. Dollarhide
INDEPENDENT AUDITORS' REPORT Michael J.Frick
Susan A-Gapter
Nicholas G.Kosmicki
Marcia L.Slebring
To The Board of County Commissioners
County of Weld, State of Colorado
Greeley, Colorado
We have audited the accompanying general purpose financial statements of County of Weld,
State of Colorado, as of and for the year ended December 31, 1998, as listed in the table of
contents. These general purpose financial statements are the responsibility of Weld 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 and the
standards applicable to financial audits contained in Government Auditing Standards, issued by
the Comptroller General of the United States. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the general purpose financial statements.
An audit also includes assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall 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 County of Weld, State of Colorado, as of December
31, 1998, and the results of its operations and the cash flows of its proprietary fund types and
nonexpendable trust funds for the year then ended in conformity with generally accepted
accounting principles.
In accordance with Government Auditing Standards, we have also issued our reports dated May
5, 1999, on our consideration of Weld County's internal control over financial reporting and our
tests of its compliance with certain provisions of laws, regulations, contracts and grants.
Our audit was conducted for the purpose of forming an opinion on the general purpose financial
statements taken as a whole. The combining and individual fund and account group financial
statements and schedules listed in the table of contents are presented for purposes of additional
analysis and are not a required part of the general purpose financial statements of County of
Weld, State of Colorado. 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
presented in all material respects in relation to the general purpose financial statements taken
as a whole. n
May 5, 1999 /<o „ k azz4,- . .r /4c.
17
1901 56th Avenue, Suite 200 / Greeley, CO 80634-2950 / 970-330-8860 / Denver 303-825-1752 / Fax 970-330-6680
oitt :Iti
COLORADO
18
G£N£1tAt PVRPOS£
FINANCIAL
STATEMENTS
irhtirg
COLORADO
00itz
VUDc
COLORADO
19
COUNTY OF WELD
STATE OF COLORADO
Combined Balance Sheet - All Fund Types, Account Groups and
Descretely Presented Component Unit
December 31, 1998
(With comparative totals for December 31, 1997)
Proprietary
Governmental Fund Type Fund Type
Special Capital Enterprise Internal
General Revenue Projects Fund Service
ASSETS
Cash and short-term investments $ 6,525.155 $ 14,158.993 $ 3,753,579 $ 2,339 $ 5,029,680
Receivables
(net of allowance for uncollectibles):
Current property taxes 22,845,390 8,242.548 2,525,000 550,000
Delinquent property taxes 113.367 37,757 18,874 3.257
Accounts 359,406 1,046,011 0 511,16 22,291
Special assessment 0 163,210 0 0
Due from other County funds 164,170 264.417 0 149.187
Due from other governments 301,965 1.391,325 0 6.735
Advances to other funds 95.000 0 0 0
Inventories 126,626 862.638 0 67,529
Restricted Assets
Cash 0 0 0 0
Retirement plan investments 0 0 0 0
Deferred compensation plan investments 0 0 0 0
Other assets 13,656 9.084 0 83 64,235
Land 0 0 0 48,49 2,043,109
Improvements other than buildings 0 0 0 21,46 261.761
Buildings 0 0 0 648.23 11.972,692
Machinery and equipment 0 0 0 1.002,97 16,955.372
Accumulated depreciation 0 0 0 (702,64 ) (12,670,817)
Amounts to be provided for retirement 0
of general long-term debt 0 0 0
Total Assets $ 30,544.735 $ 26,175,983 $ 6.297,453 $ 1.532,85 $ 24,455.031
LIABILITIES, FUND EQUITY & OTHER CREDITS
Liabilities:
Accounts payable $ 2,261,082 $ 1,124,560 $ 1,474,296 $ 4.086 $ 186,600
Due to other County funds 42.176 461,647 60.493 0 13,458
Due to other governments 0 71,328 0 0 0
Accrued liabilities 834,050 747,929 0 176,343 252,237
Other liabilities 0 101,239 0 0 0
Deferred revenue 23,213,300 8.818,661 2,543.875 0 553,256
Unexpended grant revenue 251,595 1,372 0 0 0
Payable from restricted assets 0
Deferred compensation 0 0 0 0
Long term debt 0 0 0 0 8,545,236
Advances from other funds 0 0 0 95,000 0
Total Liabilities 26,602,203 11.326,736 4,078,664 275,429 9,550,787
Other Credits:
Investment in general fixed assets 0 0 0 0 0
Fund Equity:
Contributed capital 0 0 0 101,551 9,676,872
Unreserved retained earnings 0 0 0 1,155,878 5,227.372
Fund Balances:
Reserved 748.433 3,914.768 2,218,789 0 0
Reserved for employees pension benefits 0 0 0 0 0
Unreserved:
Designated for future year's expenditure 0 5,600,000 0 0 0
Undesignated 3,194,099 5,334,479 0 0 0
Total Fund Equity and Other Credits 3,942,532 14,849,247 2,218,789 1,257,429 14,904,244
Total Liabilities, Fund Equity
and Other Credits $ 30,544,735 $ 26,175,983 $ 6,297,453 $ 1,532,858 $ 24,455,031
(See Notes to Financial Statements)
20
Fiduciary
Fund Type Account Groups Primary Government Component Unit
Memorandum Totals Housing Authority
Trust and General General Long
Agency Fixed Assets Term Debt 1998 1997 1998 1997
$ 5,422,254 $ 0 $ 0 $ 34,892,000 $ 32.834,655 $ 557,769 $ 500.883
0 0 0 34,162,938 32,543.342 0 0
0 0 0 173.255 72,975 0 0
15,023 0 0 1,953,897 2,762,362 120 28,094
0 0 0 163,210 189,329 0 0
0 0 0 577,774 835,109 0 0
13.529 0 0 1,713,554 2,143,829 102,033 100,000
0 0 0 95,000 0 0 0
0 0 0 1,056,793 1,249,879 0 0
278.909 0 0 278,909 488,734 0 0
68,494,090 0 0 68,494,090 64,844.390 0 0
0 0 0 0 2,878,226 0 0
178.316 0 0 266,128 319.654 118.383 54,480
0 2,561,997 0 4,653,602 3,946,760 0 0
0 3,157,962 0 3,441,184 3,412,882 0 0
0 32,186.069 0 44,806,995 39,146,920 0 0
0 9,842,820 0 27,801,166 26,018,896 0 0
0 0 0 (13,373,466) (11,887,212) 0 0
0 0 1,368,957 1,368,957 1,247,544 0 0
$ 74.402.121 $ 47,748,848 $ 1,368,957 $ 212,525,986 $ 203,048,274 $ 778.305 $ 683,457
$ 423,552 $ 0 $ 0 $ 5,474,176 $ 2,674,294 $ 0 $ 233,007
0 0 0 577.774 826,609 0 8.500
5,143,218 0 0 5,214,546 4,467,279 135,087 0
0 0 1,358,957 3.369,516 3,062.270 4.515 4,942
0 0 0 101.239 44,554 0 0
0 0 0 35,129,092 33,922,464 12,099 6,427
0 0 0 252.967 272,539 152,753 0
0 0 0 0 2,878.226 0 0
0 0 10,000 8,555,236 8.810.347 0 0
0 0 0 95,000 0 0 0
5,566.770 0 1,368.957 58.769.546 56,958,582 304.454 252,876
0 47,748,848 0 47,748,848 41,556,176 0 0
0 0 0 9,778,423 8,371,127 0 0
0 0 0 6,383,250 4,974.940 0 0
0 0 0 6,881.990 6.785,120 118.383 54.460
61.714.771 0 0 61.714,771 56,148,086 0 0
0 0 0 5,600,000 10,085,293 0 0
7,120,580 0 0 15,649,158 18,168.950 355.468 376,121
68,835,351 47,748,848 0 153.756.440 146,089.692 473,851 430,581
$ 74,402,121 $ 47,748,848 $ 1,368,957 $ 212,525,986 $ 203,048.274 $ 778,305 $ 683.457
21
COUNTY OF WELD
STATE OF COLORADO
Combined Statement of Revenues. Expenditures and Changes in Fund Balances
All Government Fund Types, Expendable Trust Funds and
Descretely Presented Component Unit
For the fiscal year ended December 31. 1998
(With comparative totals for the fiscal year ended December 31. 1997)
Governmental Fund Type
Special Capital
General Revenue Projects
REVENUES
Taxes $ 22,283,495 $ 8,363,397 $ 2,847,384
Licenses and permits 1,320,593 445,404 0
Intergovernmental 4.103.855 25.662.321 0
Fines and forfeitures 35,264 0 0
Miscellaneous 3,711,065 480.472 66.073
Fees 3.547.667 0 0
Charges for services 1,944,576 2,171,584 0
Total Revenues 36,946.515 37.123.178 2.913,457
EXPENDITURES
Current:
General government 13,450,808 0 0
Public safety 17,585.720 0 0
Public works 1,333,886 14,225,207 0
Public health and welfare 213,243 14,744,703 0
Culture and recreation 76,202 363,962 0
Economic assistance 0 8,275,533 0
Miscellaneous 632.758 142,531 0
Capital outlay 374,331 1,783,000 6,175,473
Debt service 479,925 0 0
Intergovernmental 0 526,430 0
Total Expenditures 34.146.873 40,061,366 6,175.473
Excess (Deficiency) of Revenues
Over (Under) Expenditures 2.799.642 (2.938,188) (3,262.016)
Other Financing Sources (Uses):
Operating transfers - in 0 2.376.300 416.480
Operating transfers - out (1,388,657) (2.104.123) 0
Total Other Financing Sources (Uses): (1,388,657) 272,177 416,480
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses 1,410.985 (2.666.011) (2.845,536)
Fund Balances at Beginning of Year 2.531.547 18,119,288 5.064,325
Residual Equity Transfer 0 (604,030) 0
Fund Balances at End of Year $ 3,942.532 $ 14,849,247 $ 2.218.789
(See Notes to Financial Statements)
22
Fiduciary
Fund Type Primary Government Component Unit
Memorandum Totals Housing Authority
Expendable
Trust 1998 1997 1998 1997
$ $ 33,494,276 $ 31,864.782 $ 0 $ 0
1.765.997 1,134,380 0 0
29,766,176 45,660,932 1,808,352 1.942.599
35.264 23,301 0 0
298,06 4.555.678 12,271,411 175.808 18.633
3,547,667 2,897.598 0 0
4,116,160 5.784,697 0 0
298.06 77,281,218 99,637,101 1,984,160 1,961,232
13.450.808 12.174,652 0
17,585,720 15,080.985 0
15.559.093 16,287,124 0
14,957,946 30,211.705 0
440,164 655.572 0
8.275,533 7,503,918 1,939.780 1,958,74
298,06 1,073,351 1,154,747 0
8,332,804 6,574.292 1,110
479,925 289,363 0
526.430 486,364 0
298,06 80,681,774 90.418,722 1,940,890 1.958,74
6 (3,400,556) 9.218,379 43,270 2,487
0 2.792.780 1.820,588 0 0
0 (3.492.780) (1,708,263) 0 0
0 (700.000) 112,325 0 0
6 (4,100,556) 9.330,704 43,270 2.487
25 25.715.185 16,384,481 430.581 428,094
0 (604,030) 0 0 0
$ 31 $ 21.010,599 $ 25.715.185 $ 473,851 $ 430,581
23
COUNTY OF WELD
STATE OF COLORADO
Combined Statement of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual - General Fund. Special Revenue Funds and Capital Projects Fund
For the fiscal year ended December 31, 1998
General
Variance
Favorable
Budget Actual (Unfavorable)
REVENUES
Taxes $ 22.444.469 $ 22.283,495 $ (160.974)
Licenses and permits 1,294.136 1.320,593 26,457
Intergovernmental 3.237.993 4,103,855 865,862
Fines and forfeitures 32.500 35,264 2,764
Miscellaneous 3.105,743 3,711.065 605,322
Fees 2,649,300 3,547,667 898.367
Charges for services 2,084,493 1,944.576 (139,917)
Total Revenues 34,848,634 36.946.515 2,097,881
EXPENDITURES
Current:
General government 13.677,413 13.450,808 226,605
Public safety 17,074,235 17.585.720 (511,485)
Public works 1.678,580 1,333,886 344,694
Public health and welfare 252.493 213,243 39,250
Culture and recreation 87,861 76.202 11,659
Economic assistance 0 0 0
Miscellaneous 640.000 632,758 7.242
Capital outlay 969.312 374,331 594,981
Debt service 479,925 479,925 0
Intergovernmental 0 0 0
Total Expenditures 34.859,819 34,146,873 712,946
Excess of Revenues
Over (Under) Expenditures (11.185) 2,799,642 2,810,827
Other Financing Sources (Uses):
Operating transfers - in 0 0 0
Operating transfers - out (1,388.657) (1,388.657) 0
Total Other Financing Sources (1,388,657) (1,388,657) 0
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (1.399,842) 1,410,985 2,810,827
Fund Balances at Beginning of Year 2.531,547 2,531,547 0
Residual Equity Transfer 0 0 0
Fund Balances at End of Year $ 1.131.705 $ 3.942,532 $ 2.810.827
(See Notes to Financial Statements)
24
Special Revenue Capital Projects
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ 7,829.276 $ 8,363.397 $ 534,121 $ 2,875,000 $ 2,847.384 $ (27,616)
411,100 445,404 34,304 0 0 0
24,872,770 25,662,321 789,551 250.000 0 (250,000)
0 0 0 0 0 0
173.237 480.472 307.235 200.000 66.073 (133,927)
0 0 0 0 0 0
3,299,715 2,171,584 (1,128,131) 0 0 0
36,586,098 37,123,178 537,080 3.325,000 2,913,457 (411,543)
0 0 0 0 0 0
0 0 0 0 0 0
16.166,426 14,225.207 1,941.219 0 0 0
14.785,927 14.744,703 41,224 0 0 0
436,456 363,962 72.494 0 0 0
8,264,470 8,275.533 (11,063) 0 0 0
2,791,877 142,531 2,649,346 0 0 0
1,830,086 1,783,000 47,086 8,779,569 6,175,473 2,604.096
0 0 0 0 0 0
549,660 526,430 23,230 0 0 0
44,824,902 40.061,366 4,763,536 8,779,569 6,175,473 2,604,096
(8,238.804) (2.938.188) 5,300,616 (5.454.569) (3.262,016) 2,192.553
(487,649) 2.376.300 2.863.949 416.480 416,480 0
(2,154,123) (2,104,123) 50.000 0 0 0
(2.641,772) 272,177 2,913.949 416,480 416.480 0
(10,880,576) (2.666,011) 8,214.565 (5,038,089) (2,845.536) 2,192.553
18.119,288 18,119,288 0 5,064,325 5,064,325 0
0 (604.030) (604,030) 0 0 0
$ 7,238,712 $ 14.849,247 $ 7,610,535 $ 26,236 f 2,218,789 $ 2,192,553
25
COUNTY OF WELD
STATE OF COLORADO
Combined Statement of Revenues, Expenses and Changes in Retained Earnings/Fund Balances
All Proprietary Fund Types and Similar Trust Funds
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
Fiduciary
Proprietary Fund Type Fund Type Memorandum Totals
Internal Non-
Enterprise Service Expendable
Fund Fund Trust Fund 1998 1997
OPERATING REVENUES
Earnings on investments $ 0 $ 0 $ 2,007 $ 2.007 $ 1,592
Contributions 0 180.560 0 180.560 169.827
Charges for services 3,632,449 5.114.098 0 8.746.547 8,260,833
Total Operating Revenues 3,632.449 5,294.658 2,007 8,929.114 8,432,252
OPERATING EXPENSES
Personnel services 1,777,546 108.369 0 1,885.915 1,686,577
Supplies 185,611 425,274 0 610.885 630,513
Purchased services 1,057,204 1,953.344 0 3,010,548 2,756,900
Insurance and bonds 0 187.823 0 187.823 117,506
Depreciation 167,438 1,898,828 0 2,066,266 1,806,278
Other 293,217 67.713 5,937 366,867 340,958
Claims 0 752.710 0 752.710 527,675
Bad debt expense 543,488 0 0 543.488 1,067,316
Total Operating Expenses 4,024.504 5,394,061 5,937 9.424.502 8,933,723
Operating Income (Loss) (392.055) (99.403) (3,930) (495.388) (501,471)
NONOPERATING REVENUES (EXPENSES)
Taxes 0 1,000,267 0 1,000,267 547,993
Intergovernmental 14.619 0 0 14,619 12,391
Miscellaneous 15,808 144.471 0 160.279 114.278
Fees 0 0 0 0 0
Gain (loss) on disposition of assets (2.517) 470.821 0 468,304 169,107
Judgements and damages 0 30,755 0 30,755 62,379
Net increase(decrease) in fair value 0 5,469 0 5,469 0
Interest 0 (479.925) 0 (479.925) (333,691)
Total Nonoperating Revenues (Expenses) 27,910 1,171.858 0 1.199,768 572.457
Income (Loss) Before Operating Transfers (364.145) 1,072,455 (3,930) 704.380 70,986
Operating Transfers:
Operating transfers - in 0 700,000 0 700,000 5,538
Total Operating Transfers In (Out) 0 700,000 0 700.000 5.538
Net Income (Loss) (364,145) 1,772,455 (3,930) 1,404,380 76,524
Retained Earnings/Fund Balance
at Beginning of Year 1,520,023 3,454.917 4.209 4.979.149 4.902,625
Retained Earnings/Fund Balance
at End of Year $ 1,155,878 $ 5,227.372 $ 279 $ 6,383.529 $ 4,979,149
(See Notes to Financial Statements)
26
COUNTY OF WELD
STATE OF COLORADO
Combined Statement of Changes in Plan Net Assets
Pension Trust Fund
For the fiscal year ended December 31. 1998
(With comparative totals for the fiscal year ended December 31, 1997)
Weld County Retirement Plan
1998 1997
Additions:
Employer contributions $ 1.557,001 $ 1.401.428
Employees contributions 1.815,437 1,674,659
Earnings on investments 6,633,591 8,437,304
Net appreciation in fair market
value of investments (3.685,080) 1,346,316
Total Additions 6,320.949 12,859,707
Deductions:
Actuarial/trustee fees 258,701 197,241
Benefit payments 2,691.688 2,396,848
Supplies 3.575 6,284
Total Deductions 2,953,964 2,600,373
Increase in net assets 3.366,985 10,259,334
Net assets held in trust for pension benefits
Beginning of the year 65,468,056 55.208.722
End of the year $ 68,835,041 $ 65.468.056
(See Notes to Financial Statements)
27
COUNTY OF WELD
STATE OF COLORADO
Combined Statement of Cash Flows
All Proprietary Fund Types and Nonexpendable Trust Fund
For the Year Ended December 31. 1998
Proprietary Fund Type Nonexpendable Memorandum
Enterprise Internal Trust Total
Fund Service Fund 1998
CASH FLOWS FROM OPERATING ACTIVITIES
Operating income (loss) $ (392.055) $ (99,403) $ (5,937) $ (497,395)
Adjustments to reconcile operating income (loss)
to net cash provided by operating activities:
Depreciation 167,438 1,898,828 0 2,066,266
Miscellaneous Revenue 30,427 146.578 0 177,005
Change in assets and liabilities:
(Increase) decrease in receivables (18.487) 456,414 0 437.927
(Increase) decrease in inventories 0 (53,413) 0 (53.413)
(Increase) decrease in other assets (92) (11,475) 0 (11.567)
Increase (decrease) in accounts payable (24,637) 53,062 (47,040) (18,615)
Increase (decrease) in accrued liabilities 32,565 11,985 0 44,550
Increase (decrease) in other liabilities (5,278) (458,979) 0 (464,257)
Total adjustments 181,936 2,043,000 (47,040) 2,177,896
Net cash provided by operating activities: (210,119) 1,943,597 (52,977) 1,680,501
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Taxes 0 1,000.267 0 1,000.267
Cash transfers 95,000 1.304.030 0 1,399,030
Net cash provided (used) for non capital
Financing activities 95,000 2,304,297 0 2,399,297
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES:
Interest paid on borrowings 0 (479,925) 0 (479.925)
Proceeds from sale of capital assets 0 538,249 0 538.249
Acquisition of capital assets (229,229) (1,602,279) 0 (1,831.508)
Principal paid on long-term debt 0 (255,111) 0 (255.111)
Net cash used for capital and related
financing activities (229,229) (1,799,066) 0 (2,028.295)
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest on investments 0 34.117 2.007 36,124
Net Increase in Cash and Cash Equivalents (344.348) 2.482.945 (50.970) 2.087,627
Cash and Cash Equivalents at Beginning of Year 346.687 2,546,735 51,249 2.944.671
Cash and Cash Equivalents at End of Year $ 2,339 $ 5.029.680 $ 279 $ 5,032,298
Reconciliation to Balance Sheet:
Cash and Cash Equivalents at end of year 2,339 5,029,680 279 5,032,298
Other Trust and Agency Funds 0 0 5,421,975 5.421,975
Per Balance Sheet $ 2,339 $ 5,029,680 $ 5,422,254 $ 10,454,273
NONCASH TRANSACTIONS AFFECTING FINANCIAL POSITION:
Disposition of contributed fixed assets $ 5,972 $ 16.856 $ 0 $ 22.828
Contribution of fixed assets 0 (1.430.123) 0 (1.430,123)
Net change in contributed capital (5.972) 1.413,267 0 1,407,295
Net effect of noncash transactions $ 0 $ 0 $ 0 $ 0
(See Notes to Financial Statements)
28
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
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 legally separate
entities which are included in the County's reporting entity because of
the significance of their operational or financial relationship with the
County. Financial information for each of the individual component
units may be obtained at the County's administrative offices.
The Weld County Housing Authority has been included in Weld County' s
Comprehensive Annual Financial Report as a discretely presented
component unit. The Board of County Commissioners appoints all of the
five member Housing Authority Board. The County has the ability to
remove any of the appointed board members, they can modify decisions
made by the board and can hire or fire persons responsible for the day
to day operations. The Weld County Housing Authority is governed by
state regulations, but was designated as part of the County for
budgetary and audit purposes by an act of the Colorado General Assembly
in 1989.
Because they provide services to or otherwise benefit Weld County, the
financial statements of the following organizations are blended into
the County financial statements:
Weld County Retirement Plan -- 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,
29
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
and exists solely to acquire real estate and construct buildings for
lease to the County. 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 following Authority and special districts have not been included in
the County's financial statements individually, but are included in
aggregate in the Public Works Fund, a Special Revenue Fund.
Beebe Draw Law Enforcement Authority
Local Improvement Districts
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 not-for-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.
Colorado Counties Casualty and Property Pool (hereinafter referred
to as "CAPP") - CAPP was formed July 1, 1986, by an
intergovernmental agreement by member counties as a separate and
independent governmental and legal entity pursuant to the
provisions of Article XIV, section 18 (2) of the Colorado
Constitution and section 29-1-201 et seq. , 24-10-115.5, and 29-13-
102, CRS, as amended. Each member county in this intergovernmental
agreement has the power under Colorado law to make provision for
the property and casualty coverage which constitute the functions
and services jointly provided by means of the CAPP. The Insurance
Commissioner of the State of Colorado has such authority with
respect to the CAPP as is provided by applicable Colorado statues.
30
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
The purposes of the CAPP are to provide a risk management fund for
defined property and casualty coverage and to assist members in
controlling costs by providing specialized governmental risk
management services and systems.
It is the intent of the members to use member contributions to
defend and indemnify, in accordance with these bylaws, any member
against stated liability or loss to the limit of the financial
resources of the risk management fund. It is also the intent of
the members to have CAPP provide needed coverage at reasonable
costs. All income and assets of CAPP shall be at all times
dedicated to the exclusive benefit of its members. Weld County,
through its Insurance Internal Service Fund, recognizes an expense
for the amount paid to CAPP annually for these coverages.
Weld County is a charter member of CAPP, and has been a continuous
member since July 1, 1986.
B. Basis of Presentation:
Each fund is an independent fiscal and accounting entity with a self-
balancing set of accounts recording cash and other financial resources
together with all related liabilities, residual equities and balances
which are segregated for the purpose of carrying on specific activities
or attaining certain objectives in accordance with special regulations,
restrictions, or limitations. The various funds are grouped into six
generic fund types under three broad fund categories, as follows:
Governmental Fund Types:
All governmental funds and expendable trust funds are accounted for
using a current financial resources measurement focus. Under this
measurement focus, only current assets and current liabilities are
generally included in the balance sheets.
The reported fund balance (net current assets) is considered a
measure of "available spendable resources" . Governmental fund
operating statements present increases (revenue and other financing
sources) and decreases (expenditures and other financing uses) in
net current assets. Accordingly, these funds are said to present
a summary of sources and uses of "available spendable resources"
during a period.
General Fund:
The General Fund accounts for all financial transactions of
the County that are not properly accounted for in other funds.
Ordinary operations of the County such as public safety,
county administration and other activities financed from taxes
and general revenue are reflected in this fund.
31
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
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 Fund:
Capital Projects Fund is 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 decrease (expenses) in net total assets. The County applies
applicable FASB pronouncements issued on or before November 30, 1989, in
accounting and reporting for its proprietary operations.
Enterprise Fund:
Enterprise Fund is used to account for operations where the intent
of the County is that the costs or services to the general public
on a continuing basis be financed or recovered primarily through
user charges.
Internal Service Funds:
Internal Service Funds are established to account for goods and
services provided to other departments of the County on a cost-
reimbursement basis.
Fiduciary Fund Types (Trust and Agency Funds) :
Trust and Agency Funds are established to record transactions relating
to assets held by the County in the capacity of trustee, custodian, or
agent for individuals, governmental entities and non-public
organizations. These include expendable trust, non-expendable 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:
32
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
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.
Discretely Presented Component Unit:
The component unit column in the combined financial statements includes
the financial data of the County's component unit. It is reported in a
separate column to emphasize that it is legally separate from the
County. The component unit is accounted for using a current financial
resources measurement focus.
C. Basis of Accounting:
The governmental funds, expendable trust funds, and agency funds utilize
the modified accrual basis of accounting. Under this method revenues
are recognized when measurable and available. "Measurable" means the
amount of the transaction can be determined and "available" means
collectible within the current period or soon enough thereafter to pay
liabilities of the current period.
Primary revenues susceptible to accrual are taxes, grant revenues and
investment earnings. Property tax is reported as deferred revenue (less
estimated uncollectible amounts) in the year the levy is certified and
as a revenue when available to finance the County's current operations.
Other taxes are also reported as revenue when available. Grant revenue
is recognized as qualifying expenditures are incurred, and investment
earnings are accrued over the life of the investment. Expenditures are
generally recognized when the related fund liability is incurred except
for long-term liabilities, such as accrued vacation and sick leave,
which are recorded when payable from current available financial
resources.
Proprietary funds, nonexpendable trust 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.
Investments in the Pension Retirement Fund are valued at their fair
values in the Combining Balance Sheet. Unrealized gains and losses are
included in the change in plan net assets.
Encumbrances:
Weld County utilizes the encumbrance method of recording
commitments related to unperformed contracts for goods and services
33
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
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 Funds,
Internal Service Funds 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.
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 1998, three supplemental appropriation ordinances were
enacted, which brought the total budget from the original
appropriation of $89,291, 082 to $99, 953,119. 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 10, 1997 and are
collected in 1998 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
34
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
of tax revenue than was levied from ad valorem taxation in the
preceding year plus five per cent (5%) , except to provide for the
payment of bonds and interest. The Board of County Commissioners
may submit the question of an increased levy to the County Council
and, if in the opinion of a majority of the County Council the
County is in need of additional funds, the Council may grant an
increased levy for the County in such amount as it deems
appropriate, and the County is authorized to make such increased
levy.
Any one capital project requiring a capital expenditure out of
funds procured by ad valorem taxation equal to a three mill levy
for three years, shall be prohibited unless approved by a majority
vote of the qualified electors at a general or special election per
Section 14-8 of the Weld County Home Rule Charter.
The original January 1, 1998 levies for the applicable funds of the
County are as follows:
Mills Amount
General Fund 16.069 $ 23,728,310
Road and Bridge 1.534 2,265,428
Social Services Fund 1.736 2,563,848
Contingent Fund .068 100,000
Capital Expenditures Fund 1.947 2, 875, 000
Insurance Fund .684 1,010,756
TOTAL 22 .038 .$ 32,543,342
Investments:
Investments are reported at fair value which is determined using
selected bases. Short-term investments are reported at cost, which
approximates fair value. Securities traded on a national or
international exchange are valued at the last reported sales price
at current exchange rates. Non-participating contracts such as
certificates of deposits are reported at cost. Cash deposits and
money market investments that mature within one year or less are
reported at carrying amount which reasonably estimates fair value.
Investment pools are reported at fair value which is determined by
the fair value per share of the pool' s underlying asset portfolio.
Cash and Cash Equivalents:
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.
35
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
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 average cost.
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.
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 non-routine 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
36
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
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 sick leave for the governmental funds is 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. If the employees date of hire is after January 1, 1985, no
sick leave is paid upon retirement or termination.
Accrued vacation for the governmental funds is accounted for in the
General Long-Term Debt Account Group. Unused vacation time is
forfeited after 24 months from date earned. Upon termination or
retirement, employees are paid for their accrued vacation. Vacation
is recorded as an expenditure in the applicable governmental type
fund when paid.
Vacation and sick leave is 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.
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.
37
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
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, 1998 include $608,151, $542,662 and $2,218,789
for the General Fund, Special Revenue Funds, and Capital
Projects Fund, respectively, for a total of $3,369,602 .
Reserved for Other Assets:
These reserves are established to record all prepaid items.
Recorded reserves at December 31, 1998 are $13,656 and $ 9,084
for the General Fund and Special Revenue Funds, respectively,
for a total of $22,740.
Reserved for Inventories:
These reserves are established to record the total level of
supply inventories. Recorded reserves at December 31, 1998
are $126, 626 and $609, 005 for General Fund and Special Revenue
Funds, respectively, for a total of $735,631.
Reserved for Employees Pension Benefits:
These reserves are established to record the pension benefit
obligation of the Weld County Retirement Plan. The amount of
this reserve is $61,714,771 at December 31, 1998.
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 recorded represent
total potential loss to the County. The amounts are
$2, 754, 017 in the Contingent Fund, a Special Revenue Fund.
Designated Fund Balance:
Fund balance designated for subsequent year's expenditures
represents fund balance commitments for appropriated
expenditures in excess of anticipated revenue for the year
ended December 31, 1999.
Non-Federal In-Kind Contributions:
volunteers assist the various programs of the Human Services Fund
(a Special Revenue Fund) in providing transportation and various
other program functions. Donated labor is recorded at rates based
upon the market rate of service provided. 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.
38
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
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 has been presented in the
accompanying financial statements in order to provide an
understanding of changes in the County's financial position and
operations. However, comparative data has not been presented in
all statements because their inclusion would make certain
statements unduly complex and difficult to understand.
Use of Estimates:
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting
period. Actual results could differ from those estimates.
Restatement:
During 1998, the County implemented a new standard (GASS 32)
requiring changes to the accounting and financial reporting for the
deferred compensation plans created in accordance with Internal
Revenue Code 457. The plan is administered by independent plan
administrators through administrative service agreements. The
County' s administrative involvement is limited to transmitting
amounts withheld from payroll to the plan administrator who
performs investing functions.
Amendments to the laws governing Section 457 plans substantially
became effective January 1, 1997. In February, 1998, the County
approved the group annuity contract amendment such that plan assets
are held in trust for the benefit of the plan participants and
their beneficiaries. The assets should not be diverted to any
other purpose. Therefore, the financial activity of this plan is
no longer reported in the County' s Trust and Agency Fund. As a
result, Trust and Agency Fund assets and liabilities were decreased
by $2,878,226 as of January 1, 1998.
39
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
Note 2 - Equity in Pooled Cash and Investments:
The County maintains a cash and investment pool that is available for use by
all funds. The cash and investment pool is under the custody of the County
Treasurer. Several of the County's funds also hold investments on their own
account some of which are restricted assets. Each fund's share of the cash
and investment pool as well as non-pooled cash and investments is displayed
on the balance sheets as "Cash and Short-term Investments." Substantially
all cash and investments of the Pension Trust Fund are held separately
from those of the other County funds.
If a fund overdraws its share of a pooled cash account, the overdraft is
reported as an interfund receivable/advance to other fund in the General Fund
with an offsetting interfund payable/advance from other fund in the overdrawn
fund. Cash deficits that were outstanding at December 31, 1998 are as
follows:
Enterprise Fund:
Ambulance $ 92,786
Deposits:
Colorado State Statutes, specifically the Public Deposit Protection Act
of 1989, require all public monies to be deposited in financial
institutions which have been designed as eligible public depositories.
Eligible public depositories must pledge eligible collateral, as
promulgated by the State banking board, having a market value in excess
of one hundred two percent of the aggregate uninsured public deposits.
Eligible collateral must be held in the custody of any federal reserve
bank or any branch thereof, or of any depository trust company which is
a member of the federal reserve system and which is supervised by the
State banking board. The Statutes further restrict such deposits to
eligible public depositories having their principal offices within the
State of Colorado.
The bank balances of the County' s pooled and non-pooled deposits are
categorized by level of risk as follows: Category A (the least level
of risk) includes deposits with financial institutions that are insured
by the Federal Deposit Insurance Corporation (FDIC) , with securities
held by the County or its agent in the County's name; Category B
includes uninsured deposits collateralized with securities held by the
pledging financial institution's trust department or agent in the
County' s name, including those collateralized in accordance with the
Public Deposit Act of 1989; and Category C (the highest level of risk)
includes uninsured or uncollateralized funds held by the pledging
financial institution, or by its trust department or agent but not in
the County' s name, that could be lost if the financial institution
fails. Categorized deposits at December 31, 1998 are as follows:
40
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
CATEGORY Bank Carrying
A B Balance Amount
Primary Government:
Pooled Deposits
Demand deposits $ 100,000 $ 4,137,183 $ 4,237,183 $ 3,434,852
Certificates of Deposit 700,000 3,620,800 4,320,800 9,320,800
Total pooled deposits 800,000 7,757,983 8.557,983 7,755,652
Non-pooled Deposits
Demand deposits $ 0 $ 17,773 $ 17,773 $ 343,471
Total deposits $ 800,000 $ 7,775,756 $ 8,575,756 L8,099,123
Component Unit:
Pooled Deposits
Certificates of Deposit L____1 $ 32,644 $ 32,644 §_S644
All deposits made by the County Treasurer in 1998 were done so in
eligible public depositories, as defined by the Public Deposit
Protection Act of 1989.
Investments:
Colorado State Statutes authorize the County to invest in U.S. Treasury
bills, notes, and bonds, U.S. government agency securities, general
obligations and revenue bonds of any state, commercial paper, money
market funds, repurchase agreements, and local government investment
pools. At December 31, 1998, the County held investments in the
following local government investment pools: the Colorado Surplus Asset
Fund Trust (CSAFE) , the Colorado Diversified Trust (CDT) , the Colorado
Local Government Liquid Asset Trust (COLOTRUST) and the Government Asset
Pool (GAP) . All investments made by the County Treasurer in 1998 were
done in accordance with Colorado State Statutes. The Weld County
Retirement Plan contractually delegate investment management to
investment managers.
The County' s investments are categorized by level of risk as follows:
Category A (the least level of risk) includes 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 B includes uninsured or
unregistered investments for which the securities are held by the
counter party's trust department in the County's name; and Category C
(the highest level of risk) includes uninsured or unregistered
investments for which the securities are held by the counter party or by
its trust department or agent but not in the County's name and that
portion of the carrying amount of any repurchase agreement that exceeds
the market value of the underlying securities. The County's investments
in local government investment pools and money market funds cannot be
categorized by level of risk because they are not evidenced by specific
securities due to the nature of an investment pool. The retirement plan
investments also cannot be categorized since the specific securities
belonging to Weld County cannot be identified.
41
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
Fairvalue
Category \Carrying
B Amount Cost
Primary Government:
Pooled Investments:
U. S. Government Agency Notes $ 12,069,213 $ 12,069,213 $ 12,090,253
Local Government Investment Pools 2,785,470 2,785,470
Money Market Funds 9,215,568 9.215.568
Total pooled investments 24,070,251 24,091,291
Non-pooled Investments:
Money Market Funds 247,518 247,518
Retirement Plan 68,494,090 63,398,228
Total non-pooled investments 68,741,608 63,645,746
Total $ 92,811,859 $ 87,737,037
Component Unit:
Pooled Investments:
Local Government Investment Pools $ 335,427 $ 335,427
Money Market Funds 189,698 189,698
Total $ 525,125 $ 525,125
At December 31, 1998, the County has invested $2,754, 017 in a government
securities fund, initially as a short-term investment. As discussed in
Note 11, 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.
Note 3 - Allowance for Uncollectible Accounts Receivable:
The allowance for uncollectible receivables consists of the following at
December 31, 1998:
Allowance for
Fund Tvme Uncollectible
General $ 28, 945
Special Revenue 89,619
Capital Projects 4, 854
Enterprise 450, 000
Internal Service 833
Total $ 574,251
42
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
Note 4 - Individual Fund Receivable and Payable Balances and Advances:
Interfund receivable and payable at December 31, 1998 are as follows:
Interfund Interfund
Receivables Pavables
General Fund $ 164, 170 $ 42, 176
Special Revenue Funds:
Public Works Fund 242,584 86, 882
Social Services Fund 0 319,213
Public Health Fund 2, 130 4,018
Human Service Fund 19,703 9,120
Solid Waste Fund 0 42,414
Capital Projects Fund 0 60,493
Internal Service Funds:
Motor Vehicle Fund 131, 966 13,458
Insurance Fund 7, 090 0
Phone Services Fund 10, 131 0
Total $ 577,774 $ 577, 774
Advances from and to other funds at December 31, 1998 are as follows:
Advances Advances
From To
General Fund $ 0 $ 95,000
Ambulance Fund 95,000 0
Total $ 95,000 $ 95,000
43
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
Transfer in and out other funds at December 31, 1998 are as follows:
Transfer Transfer
In Out
General Fund $ 0 $ 1,388,657
Special Revenue Funds:
Emergency Fund 500, 000
Contingent Fund 0 1,200, 000
Solid Waste Fund 0 904, 123
Public Health Fund 1, 863, 949 0
Human Services Fund 12,351 0
Capital Projects Fund 416,480 0
Health Insurance Fund 700,000 0
Total $ 3,492,780 $ 3,492,780
Note 5 - General Fixed Assets:
A summary of changes in general fixed assets follows:
Balance Balance
1/1/98 Reclass Additions Deletions 12/31/98
Land $ 2,561,997 $ 0 $ 0 $ 0 $ 2,561,997
Buildings 26,069,317 116,855 1,305,151 6,140 27,485,183
Leasehold Improvements 30,201 0 0 605 29,596
Improvements Other
Than Buildings 3,130,108 0 28,635 781 3,157,962
Machinery and Equipment 9,339,727 152,937 1,966,743 1,616,587 9,842,820
Construction in Progress 424,826 (269,792) 4,516,256 0 4,671,290
Total $ 41,556,176 $ 0 $ 7,816,785 $ 1,624,113 $ 47,748,848
At year-end 1998 construction in progress consists of $3, 379,765 for the Health
Building and $1,291,525 for the Public Works Service Center.
44
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
Note 6 - Operating Leases:
The reporting entity has entered into a number of operating leases which contain
cancellation provisions and are subject to annual appropriations. For the
reporting period, rent expenditures approximated $456, 000 for all types of
leases. These expenditures were made primarily from the General, Public Works
and Health Funds.
Note 7 - Long-Term Debt:
Long-term debt consists of the following at December 31, 1998 :
Internal Service Fund:
Certificates of participation $ 8,580,000
Less unaccreted discount 34,764
Certificates of participation - net 8,545,236
General Long-Term Debt Account Group:
Special assessment bonds payable 10,000
Sick-leave and vacation accruals 1,358, 957
Total 1,368, 957
MEMORANDUM TOTAL $ 9, 914,193
Certificates of participation represent debt of the Weld County Finance
Corporation, an Internal Service Fund and are not general obligations of the
County. The certificates were issued to finance the construction of buildings
leased to the County under annually renewable operating leases. The debt of the
Weld County Finance Corporation is payable from lease payments received from the
County. The certificates bear interest at rates ranging from 3 .80% to 7.38 per
annum and mature in increasing annual amounts through 2016. Series 1992
certificates maturing in 2001 or after and series 1997 certificates maturing in
2008 or after are callable for redemption prior to maturity in whole or in part
at the option of the County in 2000 and 2007, respectively.
Future debt service requirements for the certificates of participation are as
follows:
Year Principal Interest Total
1999 $ 275, 000 $ 465,330 $ 740,330
2000 290, 000 449,160 739, 160
2001 310, 000 431,673 741,673
2002 555, 000 412, 692 967, 692
2003 360,000 377,233 737,233
2004-2016 6, 790, 000 2, 831, 015 9,621,015
Total $ 8,580,000 $ 4, 967,103 $ 13,547,103
45
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
Special assessment bonds are payable solely from assessments collected from the
property owners benefitted by the respective improvements. All assessments have
been collected from property owners, remaining coupon has not been presented for
redemption.
Long-term debt transactions during 1998 are summarized as follows:
Certificates Vacation
of and Sick Bond
Participation Leave Payable Total
Balance,
January 1, 1998 $ 8,800,347 $ 1,237,544 $ 10,000 $ 10,047,891
Retired in 1998 (260,000) 0 0 (260,000)
Discount accretion 4,889 0 0 4,889
Additions in 1998 0 121.413 0 121,413
Balance,
December 31, 1998 $ 8,545,236 $ 1,358,957 $ 10,000 $ 9,914,193
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 $46,595, 132 at December 31,
1998.
The County has issued industrial revenue bonds for the purpose of
financing capital projects of several private enterprises. Under terms of
a financing agreement, the bonds are sold to a bank, the private
enterprise assumes full responsibility for repayment of the debt, and the
County is released from any liability for repayment. Industrial revenue
bonds outstanding as of December 31, 1998 totalled $10,735,889.
Note 8 - Other Required Individual Fund Disclosures:
Excesses of expenditures over appropriations in individual funds are as
follows:
Revised Over-
Appropriation Expenditures Expenditures
Social Services $ 1,080,933 $ 11,999,085 $ 918,152
Ambulance Fund 3,614,893 4,024,504 409,611
Health Insurance 167,964 178,009 10,045
Finance Corporation 260,000 303,181 43,181
46
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
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.
Retained earnings in the Weld Finance Corporation and Phone Service Fund
at December 31, 1998 were deficits of $176, 835 and $42,310, respectively.
These deficits will be recovered through future operations.
Note 9 - Weld County Retirement Plan:
Plan Description:
The Weld County Retirement Plan ("Plan") is a single-employer
defined benefit pension plan administered by a five-member
retirement board. The Plan provides retirement, disability and
death benefits to plan members and beneficiaries. All full-time
employees, except officers and employees of the Health Department,
are required to participate in the Plan. Cost-of-living adjustments
are provided to members and beneficiaries at the discretion of the
Retirement Board. The Retirement Board and the Board of
Commissioners maintain the authority to establish and amend benefit
provisions of the Plan. The Retirement Board issues a publicly
available financial report that includes financial statements and
required supplementary information. That report may be obtained by
contacting the County of Weld, State of Colorado.
Funding Policy:
The contribution requirements of plan members and the County are
established and maintained by the Board of Commissioners. Plan
members are required to contribute 6% of their annual covered
payroll. The County is required to contribute at an actuarially
determined rate; the current rate is 6% of annual covered payroll.
Annual Pension Cost and Net Pension Obligation:
The County's annual pension cost and net pension obligation to the
Plan for the current year were:
Annual required contribution $ 1,327,712
Interest on net pension obligation 0
Adjustment to annual required contribution 0
Annual pension cost 1,327,712
Contributions made (1,557,001)
Increase (decrease) in net pension obligation ( 229,289)
Net pension obligation beginning of year 0
Net pension obligation end of year $ 0
47
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
The annual required contribution for the current year was determined
as part of the January 1, 1998 actuarial valuation using the entry
age actuarial cost method. The actuarial assumptions included (a)
7.5% investment rate of return (net of administrative expenses) and
(b) projected salary increases ranging from 5.3% to 8.5% per year.
Both (a)and(b) included an inflation component of 5.0%. The
assumptions did include postretirement benefit increases of 2%. The
actuarial value of assets was determined using techniques that
smooth the effects of short-term volatility in the market value of
investments over a five-year period. The unfunded actuarial
liability is being amortized as a level percentage of projected
payroll on an open basis. The remaining amortization period at
January 1, 1998, was 28 years.
Three-year Trend Information:
Fiscal Year Annual Pension Percentage of Net pension
Ending Cost (APC) APC Contributed Obligation
December 31, 1997 $ 1,346,826 104.1% $ 0
December 31, 1998 $ 1,327,712 117.3% S 0
Note 10 - Risk Management:
The County uses a combination self insurance, participation in an
insurance pool (discussed in Note 1) , and insurance coverage. The
activity for County risk functions is accounted for in the Insurance
Internal Service Fund and Health Insurance Internal Service Fund.
Workers' Compensation coverage is partially self-insured with insurance
coverage of a $300, 000 self-insured retention. Estimated liabilities for
claims made and claims incurred but not reported (IBNR) at year-end are
shown as accounts payable in the fund. These estimates are based upon a
third-party administrator' s review of claims and actuarial projections
from historical claims data. Changes in the balances of claims
liabilities during the current and prior years are as follows:
December 31, 1997 December 31, 1998
Unpaid Claims -Beginning $ 236,176 $ 166,883
Incurred Claims (Includes IBNR'S) 199,115 420,957
Claims Paid (268,408) (392,967)
Unpaid Claims - Ending $ 166,883 $ 194,873
The Insurance Internal Service Fund provides protection against losses
involving County property, equipment, and liability. Reserves within the fund
48
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
support higher deductible or self-insured retention level against loss.
Payments to CAPP for coverage under the insurance pool are shown as expenses
in the Insurance Internal Service Fund. Estimated liabilities under the
$125,000 self-insured retention for claims made and claims incurred but not
reported (IBNR) at year-end are shown as accrued liabilities in the fund.
These estimates are based upon CAPP's claim administrator's review of claims
and actuarial projection from historical claims data. Changes in the balances
of claims liabilities under the $125, 000 self-insured retention during current
and prior years are as follows:
December 31, 1997 December 31, 1998
Unpaid Claims - Beginning $ 84,199 $ 57,692
Incurred Claims (Includes IBNR'S) 13,139 74,843
Claims Paid (39,646) (90,225)
Unpaid Claims - Ending $ 57,692 $ 42,310
The Health Insurance Internal Service Fund covers the county's dental and
vision reimbursement plan. The plan is not an insurance program, but rather
an employee reimbursement plan that closes out each year on December 31, for
services received on or before the date. No outstanding claims or incurred
but not reported liabilities exist for year-end. The health insurance plan
is fully insured.
Note 11 - 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.
At December 31, 1998, the County had $2, 754,017 plus 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, 1998, this litigation continues against substantial
business entity defendants. 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.
Colorado voters passed an amendment to the State Constitution, Article X,
Section 20, which has several limitations, including revenue raising, spending
abilities, and other specific requirements of state and local governments.
The Amendment is complex and subject to judicial interpretation. The entity.
believes it is in compliance with the requirements of the amendment. However,
49
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
the entity has made certain interpretations of the amendment's language in
order to determine its compliance.
The County is exposed to various risks of loss related to torts; theft of,
damage to, or destruction of assets; and errors or omissions. (See Note 9)
These activities are accounted for in the Insurance Fund, an internal service
fund. A liability for a claim is established if information indicates that
it is probable that a liability has been incurred at the date of the financial
statements and the amount of the loss is reasonably estimable.
Insurance coverages have not been significantly reduced from prior years and
settlements have not exceeded insurance coverage in the past three years.
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 12 - 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 as of and for the year ended December 31, 1998:
Assets $ 186, 072
Liabilities 44,089
Fund Balance 141, 983
Revenues 357, 805
Expenditures 271,182
50
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1998
Note 13 - Changes in Contributed Capital:
A reconciliation of changes in contributed capital is as follows:
Additions
(Deletions)
To/From General
Fixed Assets or
Year Ended December 31, Cont. Capital
1998
Motor Vehicle Fund $ 1,413,267
General Fixed Assets (1,407,295)
Ambulance (5,972)
Total $ 0
51
COUNTY OF WELD
STATE OF COLORADO
PENSION TRUST REQUIRED SUPPLEMENTARY INFORMATION
Year Ended December 31, 1998
Schedule of Funding Progress
Actuarial Actuarial Actuarial Unfunded Funded Covered UAAL as a
Valuation Value of Accrued AAL Ratio Payroll Percentage
Date Assets Liability (UAAL) (a/b) of
(a) (AAL) (b-a) (C) Covered
Entry Age Payroll
(b) [b-a) /c]
1/1/97 $52, 113, 121 $56, 148,086 $ 4, 034, 963 92 .8% $22,728,155 17.8%
1/1/98 $58,256, 392 $61,714,771 $ 3,458,379 94 .4% $24,902,505 13 .9%
52
COM131N1NG STAT£M£NTS,
1ND1V1DVAL WND AND
ACCOUNT GROVi'
STATEMENTS
AND SC�-i£�VL£S
GENERAL FVND
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.
COUNTY OF WELD
STATE OF COLORADO
General Fund
Balance Sheet
December 31, 1998
(With comparative totals for December 31, 1997)
1998 1997
ASSETS
Cash and short-term investments $ 6.525.155 $ 3,422,445
Receivables
(net of allowance for uncollectibles):
Current property taxes 22.845.390 23,728,310
Delinquent property taxes 113,367 44,208
Accounts 359.406 480,381
Due from other County funds 164,170 493,971
Due from other governments 301,965 204,912
Advances to other funds 95,000 0
Inventories 126,626 100,991
Other assets 13.656 38,150
Total Assets $ 30,544,735 $ 28,513,368
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 2.261.082 $ 723,965
Accrued liabilities 834,050 762,310
Due to other County funds 42.176 88,248
Deferred revenue 23,213,300 24,134,759
Unexpended grant revenue 251,595 272,539
Total Liabilities 26.602.203 25,981,821
Fund Balance:
Reserved for encumbrances 608,151 339,848
Reserved for other assets 13,656 38.150
Reserved for inventories 126,626 100,031
Unreserved:
Designated for future year's expenditure 0 120,293
Undesignated 3,194,099 1,933,225
Total Fund Balance 3,942,532 2,531,547
Total Liabilities and Fund Balance $ 30.544,735 $ 28,513,368
53
COUNTY OF WELD
STATE OF COLORADO
General Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances • Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes $ 23.728.310 $ 23,532,969 $ (195,341) $ 19,082,093
Severance tax 13,100 13.101 1 18,203
Tobacco products 76,500 79.578 3,078 64.944
Penalties & interest 0 31,288 31,288 32,402
Property tax adjustment (1,373,441) (1.373.441) 0 0
Total Taxes 22,444,469 22,283,495 (160,974) 19,197.642
Licenses and Permits:
Liquor licenses 4,000 8,026 4,026 4,208
Planning permits 348,536 376,094 27,558 294,452
Building permits 831,600 828.050 (3,550) 393,156
Electrical permits 110,000 108,423 (1.577) 109,212
Total Licenses and Permits 1,294,136 1,320,593 26.457 801,028
Intergovernmental:
Federal grants 0 190,846 190,846 765,020
Payment in lieu of taxes 29,890 30,527 637 30,879
State grants 3,027,065 3,311,423 284,358 3,124.963
Other governmental units 0 66,684 66.684 40.109
Cities 6 towns 181,038 504,375 323,337 1,025,236
Total Intergovernmental 3,237,993 4.103,855 865,862 4,986,207
Charges for Services:
Plan checking fees 167,000 172,347 5,347 44.148
Charges for services 1,861,293 1,696,058 (165,235) 2,279,994
Sale of supplies 43,700 63.546 19.846 43.336
Parking 12,500 12,625 125 12,163
Total Charges for Services 2,084,493 1,944,576 (139,917) 2,379,641
Fines and Forfeitures:
Property forfeitures/evidence 0 (191) (191) (387)
Fines (drunk drivers) 32,500 35,455 2,955 23,688
Total Fines and Forfeitures 32,500 35,264 2,764 23,301
54
COUNTY OF WELD
STATE OF COLORADO
General Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
REVENUES (CONTINUED)
Miscellaneous:
Miscellaneous 284,956 262,404 (22.552) 192.919
Interest 1,575,000 2,163,909 588,909 1,622,028
Rents from land 0 0 0 2,550
Rents from buildings 218,774 213,776 (4,998) 225.017
Royalties 150.000 132,731 (17.269) 180.126
Other 877,013 964,205 87,192 1,912.421
Contributions/In kind 0 1,745 1.745 10.758
Net increase (decrease) in fair value 0 (31,978) (31.978) 0
Sale of assets 0 4,273 4,273 155.653
Total Miscellaneous 3,105,743 3,711,065 605,322 4,301,672
Fees:
Inmate bond fees 1,500 0 (1.500) 600
Fee account 0 36,002 36,002 39,891
DUI fees 0 0 0 3.110
Clerk 8 Recorder fees 1,800,000 2,455,901 655,901 2,025.471
Treasurer's fees 700,000 822,725 122,725 722,844
Advertising 37.500 30.123 (7,377) 29,797
Assessor's fees 84,000 160,767 76,767 41,637
Bad check fees 13,000 9.785 (3.215) 16,139
Community service fees 0 0 0 (5)
Investigation fees 2,300 489 (1.811) (392)
Cable fees 11.000 31,875 20,875 18,506
Total Fees 2,649.300 3,547,667 898,367 2,897,598
Total Revenues 34,848,634 36.946.515 2,097,881 34.587,089
EXPENDITURES
General Government:
Office of the Board 430,270 427,351 2.919 418.440
County Attorney 420.326 414,087 6.239 380,782
Public Trustee 4,000 3,801 199 2,611
Planning and zoning 514,428 516,915 (2.487) 422,147
Clerk to the Board 108,372 100.173 8,199 87.883
County Clerk 1.247.820 1,241,914 5,906 1.213,242
Elections and registration 490,566 495,809 (5,243) 365,874
County Treasurer 583.972 562,277 21.695 545.937
County Assessor 1,659,870 1,606,565 53.305 1,519.199
Maintenance of buildings/grounds 2,368,232 2,213,604 154,628 1,882,411
County Council 22,200 12,088 10,112 11,103
District Attorney 1.797.096 1.785,001 12,095 1.658.893
Juvenile Diversion Grant 244,949 245.506 (557) 227,416
Victim Assistance 182.097 585,897 (403.800) 566.853
Financial administration 217.905 211,245 6,660 199.433
General accounting 403,577 392,005 11.572 341,251
Purchasing 84,330 81,998 2,332 77,688
Personnel 277,035 271,630 5,405 293,814
Geographical Information Systems 982,336 256.807 725,529 56,923
Computer Services 1,414,961 1,828,899 (413.938) 1,771,318
Printing and Supply 223,071 197,236 25,835 131.434
Total General Government 13.677,413 13,450,808 226,605 12.174,652
55
COUNTY OF WELD
STATE OF COLORADO
General Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances • Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
EXPENDITURES (CONTINUED)
Public Safety:
Sheriff administration $ 624,134 $ 627,083 $ (2,949) $ 585,590
Crime control and investigations 3,252,685 3,287,398 (34.713) 3,113.082
Task force 192,308 217,376 (25,068) 192,987
Regional forensic laboratory 116.940 114,046 2.894 110.783
Communications services 779,288 780,357 (1,069) 669,505
Communication system development 0 550 (550) 6,150
E-911 administration 700 489 211 612
Criminal justice 539,398 464,680 74,718 495,700
County Coroner 257,251 262.323 (5,072) 251.455
Correctional administration 7.817.851 7,913.436 (95,585) 6,428,189
Community correction 2,468,290 2,907,223 (438.933) 2.428.785
Public service DUI 0 0 0 10,682
Building inspection 528,224 543,418 (15,194) 438,821
Office of emergency management 79,006 74.761 4,245 77,325
Waste water management 7.859 7,502 357 6,359
Animal control 138,571 135,465 3.106 84,719
Pest/weed control 268,096 245,509 22,587 179,119
Solid Waste 3,634 4,104 (470) 1,122
Total Public Safety 17,074.235 17,585,720 (511,485) 15,080,985
Public Works:
General engineering 416,958 393,193 23,765 402,139
Extension services 291.616 274.360 17,256 273,745
Veterans office 48,156 44,483 3,673 42,576
Airport 921.850 621,850 300,000 200,000
Total Public Works 1,678,580 1,333,886 344,694 918,460
Public Health and Welfare:
Mental health 44,000 20.250 23,750 118,875
Developmentally disabled 43,160 43.160 0 41,105
Seniors program 12,500 12,500 0 12,500
Economic development 145,333 129.833 15,500 1,437,679
A Kid's Place 7,500 7,500 0 0
Total Public Health and Welfare 252,493 213.243 39,250 1.610,159
Culture and Recreation:
Missile site park 35,200 (2,813) 38,013 2,718
County fair 52.661 79,015 (26,354) 87.598
Total Culture and Recreation 87,861 76,202 11,659 90,316
Miscellaneous:
Other 380,000 372,758 7,242 395,550
Building rents 260,000 260,000 0 401,801
Total Miscellaneous 640.000 632,758 7,242 797,351
56
COUNTY OF WELD
STATE OF COLORADO
General Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances • Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
EXPENDITURES (CONTINUED)
Capital Outlay:
County Attorney 11.00 10,404 59 772
Clerk to the Board 22.00 21,253 74 0
County Clerk 16.24 6,355 9.88 0
Treasurer 2,00 1,989 1 5,412
Assessor 0 4,144
County Council 2,389 (2,38 ) 772
Finance 0 4,054
Accounting 0 12,628
Purchasing 0 3.608
Personnel 0 9,556
Information services 320.39 269,254 51,14 537.098
Georgraphical Information Systems 163,34 1,295 162,05 131.387
Capital improvement 50,00 9,419 40,58 38,496
Sheriff administration 1,00 0 1.00 4,163
Crime control and investigations 46.80 12,250 34.55 500
Regional forensic laboratory 25,70 25.082 61 2,908
Communication system development 283.12 (1.633) 284,75 14,036
County Coroner 0 1,338
Correctional administration 18,50 9,300 9,20 30,061
Extension 5,00 4,624 37 4,089
Computer services 0 1,650
Animal control 4.20 1,175 3.02 0
Solid Waste 1,175 (1,17 ) 0
Total Capital Outlay 969,31 374,331 594,98 806,672
Debt Service:
Capital lease 479.925 479,925 0 289.363
Total Debt Service 479,925 479,925 0 289,363
Total Expenditures 34,859,819 34,146.873 712,946 31,767,958
Other Financing Sources (Uses):
Operating Transfers • In:
Non•Departmental 0 0 0 117,863
Operating Transfers - Out:
Appropriation Grants•In•Aid 1,388,657 1,388,657 0 1.220,620
Total Other Financing Sources (Uses) (1,388,657) (1.388.657) 0 (1,102,757)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (1.399.842) 1.410.985 2.810.827 1,716,374
Fund Balance at Beginning of Year 2,531,547 2,531,547 0 815.173
Fund Balance at End of Year $ 1,131.705 $ 3,942.532 $ 2,810.827 $ 2.531.547
57
#ficft,
hiDe
SPECIAL R£V£NVE
BIND S
i
jt40.4
IrMariol
WM"
kairlill
Special Revenue Funds are established to account for taxes or other earmarked revenues of
the County which finance specified activities as required by law or administrative action.
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1998
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, Casa Grande,Knaus, 71st Avenue, Basswood Avenue, 83rd Avenue,Roads 15
& 84, Road 34, Road 32, Road 8, Road 38, Johnson Subdivision, Arrowhead Subdivision, Roth
Subdivision,Martin Subdivision and Delwood 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 unforseen 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 Services Fund:
The Human Services Fund accounts for various federal and state human service grants. Primary
funding agencies are Department of Labor and Health and Human Services.
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 the further improvement and
development of landfill sites within the County.
59
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Combining Balance Sheet
December 31, 1998
(With comparative totals for December 31, 1997)
Social Conservation
Public Works Services Trust Contingent Emergency
Fund Fund Fund Fund Fund
ASSETS
Cash and short-term investments $ 3,902.133 $ 3,483.047 $ 211,452 $ 3,774,337 $ 2,520,818
Receivables
(net of allowance for uncollectibles):
Current property taxes 2,378,700 3,163,848 0 2,700,000 0
Delinquent property taxes 12,744 24,555 0 195 263
Accounts 91,898 25.045 167,263 86,932 0
Special assessment 163,210 0 0 0 0
Due from other County funds 242,584 0 0 0 0
Due from other.governments 0 664,942 0 0 0
Inventories 559,003 0 0 0 0
Other assets 0 7,291 0 0 0
Total Assets $ 7,350,272 $ 7,368.728 f 378,715 $ 6,561,464 $ 2.521,081
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 172,238 $ 689.657 $ 0 $ 0 $ 0
Due to other County funds 86,882 319.213 0 0 0
Due to other governments 0 63,843 0 0 0
Accrued liabilities 171.224 146,932 0 0 0
Other liabilities 0 101,239 0 0 0
Deferred revenue 2,521,910 3,268,092 0 2,700,196 264
Unexpended grant revenue 0 0 0 0 0
Total Liabilities 2,952,254 4,588,976 0 2,700,196 264
Fund Balances:
Reserved for encumbrances 538,166 0 0 0 0
Reserved for other assets 0 7,291 0 0 0
Reserved for inventories 559.003 0 0 0 0
Reserved for claims 0 0 0 2,754,017 0
Unreserved:
Designated for future year's expenditure 1,200,000 1,000,000 0 900,000 2.500.000
Undesignated 2,100,849 1,772,461 378,715 207,251 20,817
Total Fund Balances 4,398,018 2,779,752 378,715 3,861,268 2,520,817
Total Liabilities and Fund Balances $ 7,350,272 $ 7,368,728 $ 378,715 $ 6,561,464 $ 2,521,081
60
Public Human Totals
Health Services Solid Waste
Fund Fund Fund 1998 1997
$ 16,046 $ 41,673 $ 209,487 $ 14,158,993 $ 16.033.637
0 0 8,242,548 4,929,276
0 0 37,757 23,712
345,970 206,782 122.12 1,046.011 1,752,193
0 0 163.210 189,329
2,130 19,703 264,417 202,806
0 726.383 1,391.325 1.938,917
50,002 253.633 862,638 1,134,772
283 1,510 9,084 22,820
$ 414.431 $ 1,249,684 $ 331,60 $ 26,175,983 $ 26,227,462
$ 89.924 $ 172.475 $ 266 $ 1,124,560 $ 834,099
4.018 9.120 42.414 461,647 639,264
0 0 7,485 71.328 14.978
113.749 316,024 0 747.929 678,386
0 0 0 101,239 44,554
9,100 319,099 0 8,818.661 5,896,894
0 1,372 0 1,372 0
216.791 818,090 50,165 11,326,736 8.108,175
0 2,496 2,000 542,662 616,838
283 1,510 0 9,084 22,820
50.002 0 0 609,005 650,328
0 0 0 2.754,017 3,754,017
0 0 0 5.600,000 6,390,000
147,355 427,588 279,443 5.334,479 6,685,284
197.640 431,594 281,443 14,849,248 18.119,287
$ 414.431 $ 1,249,684 $ 331,608 $ 26.175,983 $ 26.227,462
61
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Combining Statement of Revenues. Expenditures and
Changes in Fund Balances
For the fiscal year ended December 31, 1998
(With Comparative totals for the fiscal year ended December 31, 1997)
Social Conservation
Public Works Services Trust Contingent Emergency
Fund Fund Fund Fund Fund
Revenues:
Taxes $ 5,737,379 f 2.532.450 $ 0 $ 97,384 $ (3.816)
Licenses and permits 174.849 0 0 0 0
Intergovernmental 7,750,438 8,670,190 407.633 0 0
Charges for services 279,667 0 0 0 0
Miscellaneous 73,942 125 2,556 0 0
Total Revenues 14,016.275 11,202,765 410,189 97,384 (3.816)
Expenditures:
Public works 14,225,207 0 0 0 0
Public health and welfare 0 11.066.747 0 0 0
Culture and recreation 0 0 363.962 0 0
Economic assistance 0 0 0 0 0
Other professional services 0 0 0 0 0
Capital outlay 735,470 932,338 0 0 0
Intergovernmental 526,430 0 0 0 0
Total Expenditures 15,487,107 11,999.085 363,962 0 0
Excess of Revenues Over
(Under) Expenditures (1.470,832) (796,320) 46.227 97,384 (3,816)
Other Financing Sources (Uses):
Operating transfers - in 0 0 0 0 500.000
Operating transfers - out 0 0 0 (1,200.000) 0
Total Other Financing Sources 0 0 0 (1,200,000) 500,000
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (1,470,832) (796,320) 46,227 (1,102,616) 496,184
Fund Balances at Beginning of Year 5,868,850 3.576,072 332.488 4.963,884 2,024,633
Residual Equity Transfers Out 0 0 0 0 0
Fund Balances at End of Year $ 4,398,018 $ 2.779.752 $ 378.715 $ 3,861.268 $ 2,520,817
62
Public Human Totals
Health Services Solid Waste
Fund Fund Fund 1998 1997
$ 0 $ 0 $ 0 $ 8,363,397 $ 9,450,753
270.555 0 0 445,404 333.352
1,235,553 7,598,507 0 25,662,321 40,649.725
429,814 409.081 1,053,022 2,171.584 3,405,056
15.261 388.588 0 480,472 429.101
1,951,183 8,396,176 1,053.022 37,123,178 54,267,987
0 0 0 14,225,207 15,368,664
3,677.956 0 0 14,744,703 28,601,546
0 0 0 363.962 565,256
0 8,275,533 0 8,275.533 7.503,918
0 0 142.531 142,531 115.134
13.056 93.636 8.500 1,783,000 205.167
0 0 0 526,430 486,365
3,691,012 8,369.169 151,031 40,061,366 52.846,050
(1.739,829) 27,007 901,991 (2,938,188) 1,421,937
1,863,949 12,351 0 2,376,300 1,702,725
0 0 (904.123) (2.104,123) (487,643)
1,863,949 12,351 (904.123) 272,177 1,215,082
124,120 39,358 (2,132) (2,666,011) 2,637,019
73,520 996,266 283,575 18,119,288 15.482.269
0 (604,030) 0 (604,030) 0
$ 197,640 $ 431,594 $ 281,443 $ 14,849.247 $ 18,119,288
63
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Public Works Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes $ 2,265,428 $ 2,237,710 $ (27.718) $ 2,125,711
Specific ownership taxes 2,900,000 3,497,138 597,138 3,157,023
Penalties & interest 0 2.531 2,531 3.401
Total Taxes 5,165.428 5,737.379 571,951 5,286,135
Licenses and Permits:
Moving permits 148,000 174.849 26,849 128,540
Intergovernmental:
Mineral leasing 38,000 85,358 47,358 73,587
Grazing act 30,000 37,984 7,984 41.637
Payment in lieu of taxes 40,000 39.988 (12) 45,892
Grants 482,000 213.004 (268.996) 2,786,111
Motor vehicle registration fees 265,000 303,544 38.544 292,794
Highway user tax fund 7,050,000 7,070,168 20,168 6,471.227
State maintenance agreement 0 392 392 454
Total Intergovernmental 7,905,000 7,750,438 (154,562) 9,711,702
Charges for Services:
Charges for services 152,000 279,667 127,667 1,225,883
Miscellaneous:
Earnings on deposits 0 14,840 14.840 18.515
Special assessments 0 54,759 54,759 21,358
Other 1,000 4,343 3,343 34,787
Gain on sale of assets 0 0 0 49,475
Recovery of losses 1,000 0 (1.000) 1.139
Total Miscellaneous 2.000 73.942 71.942 125.274
Total Revenues $ 13.372,428 $ 14,016,275 $ 643,847 $ 16,477,534
64
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Public Works Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
EXPENDITURES
Public Works:
Bridge construction $ 1,728,515 $ 1,691.002 $ 37,513 $ 1,468,046
Maintenance of condition 2,425,712 2,294.224 131,488 2,367,068
Maintenance support 1,089,046 1,044,265 44,781 1,072,527
Trucking division 1,537,183 1,424,537 112,646 1,466,875
Mining division 1,354,287 1,288,211 66,076 1,033,185
Administration 430,761 470.037 (39.276) 361,768
Other public works 7,600,922 6,012.931 1,587,991 7,599.195
Total Public Works 16.166,426 14.225,207 1,941,219 15,368,664
Intergovernmental:
Grants-in-aid to cities/towns 549,660 526,430 23,230 486,365
Capital Outlay:
Special assessment infrastructure 0 30.896 (30,896) 0
Mining 701,500 701,812 (312) 0
Administration 3,000 2,762 238 2.633
Total Capital Outlay 704,500 735,470 (30,970) 2.633
Total Expenditures 17.420,586 15.487,107 1.933,479 15.857.662
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (4,048,158) (1,470.832) 2.577,326 619,872
Fund Balances at Beginning of Year 5,868.850 5.868,850 0 5.248.978
Fund Balances at End of Year $ 1,820.692 $ 4,398.018 $ 2,577.326 $ 5,868.850
65
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Social Services Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes $ 2.563,848 $ 2.530,181 $ (33,667) $ 4,160.283
Specific ownership taxes 0 0 0 (1,000)
Penalties & interest 0 2,269 2,269 1.154
Total Taxes 2,563,848 2,532,450 (31,398) 4,160,437
Intergovernmental:
Welfare 6,117.085 8,670,190 2,553,105 22,520.286
Total Intergovernmental 6.117.085 8,670,190 2,553.105 22.520,286
Miscellaneous:
Earnings on deposits 0 125 125 607
Total Miscellaneous 0 125 125 607
Total Revenues 8.680.933 11,202.765 2,521.832 26,681,330
EXPENDITURES
Public Health and Welfare:
Administrative - regular 5,833,333 6,415.011 (581.678) 5.625,017
Administrative • IV-D 1,130,000 938.394 191.606 847,440
Institutional care 282,000 16,480 265,520 120,947
Food stamps 0 (49,884) 49,884 6,501,837
Jobs - IV-F 0 1,970 (1.970) 152,316
Employment first 0 125.183 (125.183) 83,615
General assistance 132,000 115.814 16.186 115.453
AFDC 1,000,000 1,001,740 (1,740) 2,377,152
AND - State 110,000 76,677 33,323 405.357
Child Welfare 900,000 812,449 87,551 2,761,270
Day care 550.000 536,969 13,031 2,526.537
Medicaid transportation 15,000 7.716 7.284 5.288
66
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Social Services Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31. 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
EXPENDITURES (CONTINUED):
Non-contractual case services $ 0 $ 52,084 $ (52.084) $ 51,177
OAP - A 35,000 8,536 26,464 1,576,053
Placement alternative care 120,000 872,583 (752,583) 604,673
Staff development 0 1,929 (1,929) 542
Medical examinations 0 5,010 (5,010) 4,728
Administrative - LEAP 64,000 55.897 8.103 71,044
Administrative - LEAP outreach 19,600 27,114 (7,514) 9,583
LEAP - regular 0 (1,583) 1,583 996,468
LEAP - emergency 0 5.088 (5,088) 38.862
FEMA 90,000 41,570 48,430 35,380
Total Public Health and Welfare 10.280,933 11,066,747 (785,814) 24,910,739
Capital Outlay:
Administrative - regular 800,000 694,346 105,654 44,628
Leap - regular 0 27,999 (27,999) 965
IV-D adminstration 0 195,993 (195,993) 0
Fraud unit 0 14,000 (14,000) 0
Total Capital Outlay 800,000 932,338 (132,338) 45,593
Total Expenditures 11,080,933 11,999,085 (918,152) 24,956,332
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (2,400.000) (796,320) 1,603,680 1,724,998
Fund Balances at Beginning of Year 3,576.072 3,576,072 0 1,851,074
Fund Balances at End of Year $ 1,176.072 $ 2,779,752 $ 1,603.680 $ 3,576,072
67
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Conservation Trust Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
REVENUES
Intergovernmental:
State lottery $ 369,762 $ 407,633 $ 37,871 $ 477,387
Miscellaneous:
Earnings on deposits 6,000 2,556 (3,444) 9,316
Charge for service 83,720 0 (83,720) 221,547
Total Miscellaneous Revenue 89,720 2,556 (87,164) 230,863
Total Revenues 459.482 410.189 (49,293) 708,250
EXPENDITURES
Culture and Recreation:
Land improvements 436,456 363,962 72,494 565,256
Capital Outlay:
Land improvements 65.264 0 65.264 32,512
Total Expenditures 501,720 363.962 137,758 597,768
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (42,238) 46.227 88.465 110,482
Fund Balances at Beginning of Year 332,488 332,488 0 222,006
Fund Balances at End of Year $ 290,250 $ 378,715 $ 88,465 $ 332,488
68
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Contingent Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes $ 100,000 $ 97,718 $ (2,282) $ 1,637
Penalties & interest 0 (334) (334) (409)
Total Revenues 100,000 97,384 (2,616) 1,228
EXPENDITURES 90,000 0 90,000 0
Other Financing Sources (Uses):
Operating Transfers - Out:
Other (1,200,000) (1,200,000) 0 0
Total Other Financing (Uses) (1.200,000) (1,200,000) 0 0
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (1.190,000) (1,102,616) 87,384 1,228
Fund Balances at Beginning of Year 4,963,884 4,963,884 0 4,962,656
Fund Balances at End of Year $ 3.773,884 $ 3,861,268 $ 87,384 $ 4,963,884
69
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Emergency Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes f 0 $ (2.954) $ (2,954) $ 3,233
Penalties & interest 0 (862) (862) (280)
Total Revenues 0 (3,816) (3,816) 2,953
EXPENDITURES 2,500,000 0 2,500,000 0
Other Financing Sources (Uses):
Operating Transfers - In:
Non-Departmental (500,000) 500,000 1,000,000 0
Total Other Financing Sources (Use (500,000) 500,000 1,000,000 0
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (3,000,000) 496.184 3.496.184 2,953
Fund Balances at Beginning of Year 2,024,633 2,024.633 0 2,021.680
Fund Balances at End of Year $ (975.367) $ 2,520,817 $ 3,496,184 $ 2,024,633
70
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Public Health Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
REVENUES
Licenses and Permits:
Health licenses $ 263,100 $ 270,555 $ 7,455 $ 204.812
Intergovernmental:
State grants 1,855.680 1.235,553 (620.127) 1,316.401
Counties 1,362.874 0 (1.362.874) 0
Total Intergovernmental 3,218,554 1,235,553 (1,983.001) 1,316,401
Charges for Services:
Charges for services 128,529 52,615 (75,914) 27.527
Vital statistics 98,000 112,914 14,914 105.253
Protective inspection fees 612,563 101,426 (511,137) 93,260
Clinic fees 266,653 162,859 (103,794) 133.918
Total Charges for Services 1,105,745 429.814 (675.931) 359,958
Miscellaneous:
Miscellaneous 1,010 2,574 1.564 3,150
Donations 12,727 12,687 (40) 9.002
Total Miscellaneous 13.737 15,261 1,524 12,152
Total Revenues 4,601,136 1,951.183 (2,649,953) 1,893,323
EXPENDITURES
Public Health and Welfare:
Public health administration 96,575 112,990 (16,415) 95,322
Health Education 539,759 414,326 125,433 344,336
Nursing 2,599,468 1,889,537 709,931 2.038,953
Environmental health 1,269,192 1,261,103 8,089 1.212,196
Total Public Health and Welfare 4,504,994 3,677,956 827,038 3,690,807
Capital Outlay:
Administration 1,425 0 1,425 10,343
Health Education 667 0 667 10,005
Nursing 2,230 0 2,230 22,325
Environmental health 12,000 13,056 (1,056) 0
Total Capital Outlay 16,322 13,056 3,266 42,673
Total Expenditures 4.521,316 3,691,012 830,304 3,733,480
Other Financing Sources (Uses):
Operating Transfers - In:
Non-Departmental 0 1,863,949 1,863,949 1,690,374
Total Other Financing Sources 0 1,863,949 1,863,949 1,690,374
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses 79.820 124.120 44.300 (149,783)
Fund Balances at Beginning of Year 73,520 73.520 0 223,303
Fund Balances at End of Year $ 153,340 $ 197.640 $ 44,300 $ 73,520
71
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Human Services Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances • Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
REVENUES
Intergovernmental:
Federal grants $ 6,306,869 $ 6,701.324 $ 394,455 $ 5,961.558
State grants 955,500 897.183 (58.317) 662,391
Total Intergovernmental 7,262.369 7,598,507 336.138 6.623.949
Charges for Services
Charges for services 1,068,250 392,957 (675.293) 720.934
Fees 0 16,124 16.124 0
Total Charge for Service 1,068.250 409,081 (659.169) 720,934
Miscellaneous:
Donations from private sources 131.500 210.245 78,745 141.523
Other revenue 20,000 178,343 158,343 140,229
Total Miscellaneous 151.500 388,588 237.088 281,752
Total Revenues 8,482,119 8.396.176 (85,943) 7,626,635
EXPENDITURES
Economic Assistance:
JTPA performance incentive 34,000 8,864 25.136 36,008
Family support 100,000 70,705 29,295 90,695
Medicaid Transportation 20.000 9,002 10,998 0
JTPA older workers 40,000 46,034 (6.034) 41,054
One stop 100,000 102,442 (2,442) 24.464
JTPA IIA 232,000 210,379 21,621 242,635
JTPA IIB 242,000 283,296 (41.296) 190,420
JTPA IIC 48.200 51,713 (3,513) 67,741
EDWAA 10X displaced worker 130,000 158.638 (28,638) 92.194
Health services 20,000 7,165 12,835 10,226
LEAP 10,000 459 9,541 3.312
Older worker EDWAA 20,000 8.986 11,014 5,281
Job service 255,000 254,750 250 226.600
Summer job hunt 10,000 10.000 0 10,000
Employment first 130,000 89,197 40,803 136.900
U.I. training program 112,000 86,542 25.458 89.910
Jobs/New directions program 0 0 0 87,246
State - pre-school 300,000 211,892 88.108 237.013
Head start 1,881,388 1,976,051 (94.663) 1,731,971
Migrant head start 1,592.532 1,777,889 (185.357) 1,839,911
CSBG 160,000 199.905 (39,905) 190,028
Supplemental foods 1,075,000 1,166,503 (91,503) 652,182
FTA 42,000 45,602 (3.602) 41.300
DOE weatherization 12,000 0 12,000 6.869
MA elder abuse 1,500 194 1,306 2,996
Single entry point 271,500 333.642 (62,142) 297,559
OM area agency 45,000 46,130 (1,130) 45,102
OM title III-B 140,000 155,228 (15.228) 118,887
MA case management 6.250 11,273 (5.023) 9,387
MA ombudsman 1,600 178 1.422 1.904
72
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Human Services Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
EXPENDITURES (CONTINUED):
OAA title III C-I congregate $ 297.000 $ 320,428 $ (23,428) $ 298,456
OM title III-C2 75,500 64,028 11,472 77,213
OAA in home support 8,000 6,423 1,577 3.151
Human resources general fund 0 0 0 4.281
Transportation 300,000 34,476 265,524 233,147
Neighbor to neighbor 15,000 11,522 3,478 8.763
CAl1P 20,000 11,723 8,277 376
YCPI 65,000 55,753 9,247 53.289
Summer of service 52,000 70,228 (18,228) 61.661
TANF 250,000 271,088 (21,088) 111,813
Human resources lab pool 150,000 107,205 42,795 121,973
Total Economic Assistance 8,264,470 8,275,533 (11,063) 7,503,918
Capital Outlay:
Head start 0 14,892 (14,892) 0
Migrant head start 0 78.744 (78,744) 59.237
Human resources general fund 230,000 0 230,000 22,519
Total Capital Outlay 230,000 93,636 136,364 81.756
Total Expenditures 8,494.470 8.369,169 125,301 7,585.674
Other Financing Sources (Uses):
Operating Transfers - In:
CM area agency 12,351 12,351 0 12.351
Total Other Financing Sources 12,351 12.351 0 12,351
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses 0 39.358 39,358 53,312
Fund Balances at Beginning of Year 996,266 996,266 0 942,954
Residual Equity Transfers Out 0 (604.030) (604,030) 0
Fund Balances at End of Year $ 996.266 $ 431,594 $ (564,672) $ 996.266
73
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Solid Waste Fund
Statement of Revenues. Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
REVENUES
Charges for Services:
Landfill surcharge $ 890,000 $ 1,053,022 $ 163.022 $ 876,734
Total Revenues 890,000 1,053,022 163,022 876,734
EXPENDITURES
Miscellaneous:
Solid waste 151,650 110.322 41,328 71.300
Code enforcement 50,227 32,209 18,018 43.834
Total Miscellaneous 201,877 142,531 59,346 115,134
Capital Outlay:
Code enforcement 14,000 8,500 5,500 0
Total Expenditures 215,877 151,031 64,846 115,134
Other Financing Sources (Uses):
Operating Transfers - Out:
Health department (954.123) (904.123) 50,000 (487.643)
Total Other Financing Sources (954,123) (904.123) 50,000 (487,643)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (280,000) (2,132) 277,868 273,957
Fund Balances at Beginning of Year 283,575 283.575 0 9,618
Fund Balances at End of Year f 3,575 $ 281,443 $ 277,868 $ 283,575
74
CAPITAL PROJECTS
fVND
Capital Projects Funds are established to account for financial resources used for the
acquistion or improvement of the capital facilities of the County.
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUND
EXPLANATION OF INDIVIDUAL FUND
December 31, 1998
Capital Expenditures Fund:
This fund accounts for various capital improvement projects on County property.
75
COUNTY OF WELD
STATE OF COLORADO
Capital Projects Fund
Capital Expenditures Fund
Balance Sheet
December 31, 1998
(With comparative totals for December 31, 1997)
1998 1997
ASSETS
Assets:
Cash and short-term investments $ 3,753,579 $ 5,574.103
Receivables
(net of allowance for uncollectibles):
Current property taxes 2.525,000 2,875.000
Delinquent property taxes 18,874 3.698
Total Assets $ 6.297,453 $ 8,452.801
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable $ 1.474,296 $ 509,778
Due to other County funds 60,493 0
Deferred revenue 2,543,875 2,878,698
Total Liabilities 4.078,664 3,388.476
Fund Balance:
Reserved for encumbrances 2.218,789 1,263,088
Unreserved:
Designated for future year's expenditure 0 3.575,000
Undesignated 0 226,237
Total Fund Balance 2,218,789 5,064,325
Total Liabilities and Fund Balance $ 6,297,453 $ 8,452,801
76
COUNTY OF WELD
STATE OF COLORADO
Capital Projects Fund
Capital Expenditures Fund
Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31. 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes $ 2,875,000 $ 2,843,270 $ (31.730) $ 3,211,956
Penalties & interest 0 4,114 4,114 4,431
Total Taxes 2,875,000 2,847,384 (27.616) 3,216,387
Miscellaneous:
Grant 250,000 0 (250,000) 25.000
Earnings on deposits 200,000 64,687 (135,313) 77.459
Miscellaneous 0 1,386 1.386 1,134
Other 0 0 0 7,220.232
Total Miscellaneous 450,000 66,073 (383,927) 7,323,825
Total Revenues 3,325,000 2,913.457 (411,543) 10,540.212
EXPENDITURES
Capital Outlay:
Buildings 8.779,569 6,175,473 2,604.096 5,562,453
Total Expenditures 8,779.569 6.175,473 2,604,096 5,562.453
Other Financing Sources (Uses):
Operating Transfers • In:
Solid Waste 416,480 416,480 0 0
Total Other Financing Sources 416,480 416,480 0 0
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (5.038,089) (2,845,536) 2,192,553 4.977,759
Fund Balance at Beginning of Year 5.064,325 5,064,325 0 86,566
Fund Balance at End of Year $ 26.236 $ 2,218.789 $ 2,192,553 $ 5,064,325
77
W��YG
ENTERPRISE
ft/14D
will mow
row,
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.
COUNTY OF WELD
STATE OF COLORADO
ENTERPRISE FUND
EXPLANATION OF INDIVIDUAL FUND
December 31, 1998
Ambulance Fund:
This fund accounts for the ambulance services provided to Weld County.
79
COUNTY OF WELD
STATE OF COLORADO
Enterprise Fund
Ambulance Fund
Balance Sheet
December 31. 1998
(With comparative totals for December 31, 1997)
1998 1997
ASSETS
Current Assets:
Cash and short-term investments S 2,339 $ 346,687
Receivables
(net of allowance for uncollectibles):
Accounts • ambulance services 511,166 492,679
Other assets 837 745
Total Current Assets 514.342 840,111
Fixed Assets:
Land 48,496 48,496
Improvements other than buildings 21,461 21,461
Buildings 648,234 648,234
Machinery and equipment 1,002,974 817,542
Accumulated depreciation (702,649) (570,519)
Total Fixed Assets 1.018,516 965,214
Total Assets $ 1,532,858 $ 1,805,325
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts payable S 4,086 $ 28,723
Due to other County funds 0 5.278
Accrued liabilities 176,343 143.778
Advances from general fund 95,000 0
Total Current Liabilities 275,429 177,779
Fund Equity:
Contributed capital 101,551 107.523
Unreserved retained earnings 1.155,878 1,520,023
Total Fund Equity 1,257,429 1,627,546
Total Liabilities and Fund Equity $ 1,532,858 $ 1,805,325
80
COUNTY OF WELD
STATE OF COLORADO
Enterprise Fund
Ambulance Fund
Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
Operating Revenues:
Rescue unit fees $ 3,627,493 $ 3,632,449 $ 4,956 $ 3,497,309
Total Operating Revenues 3,627,493 3,632,449 4.956 3,497,309
Operating Expenses:
Bad debt expense 373,719 543,488 (169,769) 1,067.316
Personnel services 1,711,400 1,777,546 (66,146) 1,578,268
Supplies 189,000 185,611 3,389 138,259
Purchased services 847,557 1,057,204 (209,647) 601,324
Depreciation 200,000 167,438 32,562 169,137
Other 293,217 293,217 0 201,570
Total Operating Expenses 3,614,893 4,024,504 (409,611) 3,755,874
Operating Income (Loss) 12,600 (392.055) (404.655) (258.565)
Nonoperating Revenues:
State grants 12.400 14,619 2,219 12,391
Donations 0 15,808 15,808 15,816
Gain (Loss)on disposition of assets 0 (2.517) (2,517) 2,400
Total Nonoperating Revenues 12,400 27,910 15,510 30,607
Net Income (Loss) 25,000 (364,145) (389.145) (227.958)
Retained Earnings at Beginning of Year 1,520.023 1,520,023 0 1,747.981
Retained Earnings at End of Year $ 1,545,023 $ 1.155,878 $ (389.145) $ 1,520,023
81
COLORADO
82
INTERNAL S£RV1 C£
FVND S
Internal Service Funds are established to account for goods and services provided
to other departments of the County on a cost-reimbursement basis.
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1998
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.
Insurance Fund:
This fund accounts for all insurance costs for the County,except health insurance. This 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.
Weld Finance Corporation:
This fund acquires real estate and constructs building for the use of County departments.
83
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Combining Balance Sheet
December 31. 1998
(With comparative totals for December 31, 1997)
Motor Health
Vehicle Insurance
Fund Fund
ASSETS
Current Assets:
Cash and short-term investments $ 1,965,056 $ 824.929
Receivables
(net of allowance for uncollectibles):
Current property taxes 0 0
Delinquent property taxes 0 0
Accounts 6,653 506
Due from other County funds 131,966 0
Due from other governments 213 0
Inventories 67,529 0
Other assets 0 0
Total Current Assets 2,171,417 825.435
Fixed Assets:
Land 2.043.109 0
Improvements other than buildings 261.761 0
Buildings 2.818.746 0
Machinery and equipment 16,058.827 0
Accumulated depreciation (10.979.206) 0
Total Fixed Assets 10,203,237 0
Total Assets $ 12,374,654 $ 825.435
LIABILITES AND FUND EQUITY
Current Liabilities:
Accounts payable $ 162,425 $ 6,603
Due to other County funds 13,458 0
Accrued liabilities 0 0
Deferred revenue 0 0
Current portion of long term debt 0 0
Total Current Liabilities 175,883 6,603
Longterm Liabilities:
Certificates of participation 0 0
Total Long-term Liabilities 0 0
Total Liabilities 175.883 6,603
Fund Equity:
Contributed capital 9,211,928 0
Unreserved retained earnings 2,986,843 818,832
Total Fund Equity 12,198.771 818,832
Total Liabilities and Fund Equity $ 12,374,654 $ 825,435
84
Phone Weld Totals
Insurance Services Finance
Fund Fund Corporation 1998 1997
$ 1,802,905 $ 189,272 $ 247,518 $ 5,029,680 $ 2,546,735
550,000 0 0 550,000 1,010,756
3,257 0 0 3,257 1,357
7,846 7,286 0 22,291 19,849
7,090 10,131 0 149,187 130,809
6,522 0 0 6,735 0
0 0 0 67,529 14,116
64.235 0 0 64,235 77,873
2,441.855 206,689 247,518 5,892,914 3,801,495
0 0 0 2,043,109 1,336,267
0 0 0 261,761 261,313
0 0 9,153.946 11,972,692 11,974,342
0 896,545 0 16,955,372 15,861,627
0 (658,548) (1,033,063) (12,670,817) (11,316,693)
0 237,997 8,120,883 18.562,117 18,116,856
$ 2,441,855 $ 444,686 $ 8.368,401 $ 24.455,031 $ 21,918,351
$ 10,574 $ 6,998 $ 0 $ 186,600 $ 133.538
0 0 0 13.458 13,580
237,183 15,054 0 252,237 240,252
553.256 0 0 553,256 1,012,113
0 0 270,110 270,110 255,111
801,013 22,052 270,110 1,275.661 1,654,594
0 0 8,275,126 8,275.126 8,545,236
0 0 8,275,126 8,275,126 8.545,236
801.013 22,052 8,545,236 9,550,787 10,199,830
0 464,944 0 9,676,872 8,263,604
1,640,842 (42,310) (176,835) 5,227.372 3,454,917
1.640,842 422,634 (176,835) 14,904,244 11,718,521
$ 2,441.855 $ 444,686 $ 8,368.401 $ 24,455,031 $ 21,918,351
85
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Combining Statement of Revenues, Expenses and Changes in Retained Earnings
For the fiscal year ended December 31, 1998
(With Comparative totals for the fiscal year ended December 31, 1997)
Motor Health
Vehicle Insurance Insurance
Fund Fund Fund
Contributions $ 0 $ 180,560 $ 0
Rental income 0 0 0
Charges for services 3,429,527 0 199,717
Total operating revenues 3,429,527 180,560 199,717
Personnel services 0 0 0
Supplies 409,094 0 0
Purchased services 1,436,805 116 900
Insurance and bonds 0 0 187,823
Depreciation 1,517,765 0 0
Other 32,817 0 849
Claims 0 177,893 574,817
Total operating expenses 3,396,481 178,009 764,389
Operating income (loss) 33,046 2.551 (564,672)
Taxes 0 0 1,000.267
Miscellaneous 60 0 130.351
Fees 0 0 0
Gain on disposition of assets 470,821 0 0
Judgements and damages 0 0 30,755
Net increase(decrease) in fair value 0 0 5,469
' Interest expense 0 0 0
Total nonoperating revenues (expenses) 470,881 0 1,166,842
Income (loss) before operating transfers 503,927 2,551 602,170
Operating transfers • in 0 700,000 0
Total Operating Transfers In (Out) 0 700,000 0
Net income (loss) 503,927 702,551 602,170
Retained Earnings at Beginning of Year 2,482,916 116,281 1,038,672
Retained Earning at End of Year $ 2,986,843 $ 818.832 $ 1,640,842
86
Phone Weld Totals
Services Finance
Fund Corporation 1998 1997
$ 0 $ 0 $ 180.560 $ 169,827
0 739,925 739.925 476,148
744,929 0 4.374.173 4,287,376
744,929 739,925 5,294,658 4,933,351
108,369 0 108,369 108.309
11,292 4,888 425,274 492,254
514,483 1,040 1,953.344 2,155,576
0 0 187.823 117,506
83,810 297,253 1,898,828 1,637,141
34,047 0 67,713 139,388
0 0 752,710 527,675
752,001 303,181 5,394,061 5,177,849
(7,072) 436,744 (99,403) (244,498)
0 0 1,000,267 547,993
0 14,060 144,471 98,462
0 0 0 0
0 0 470,821 166,707
0 0 30,755 62.379
0 0 5,469 0
0 (479,925) (479,925) (333,691)
0 (465,865) 1,171,858 541,850
(7,072) (29,121) 1,072,455 297,352
0 0 700.000 5,538
0 0 700,000 5,538
(7,072) (29,121) 1,772,455 302,890
(35,238) (147,714) 3,454,917 3,152,027
$ (42,310) $ (176.835) $ 5,227,372 $ 3,454,917
87
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Combining Statement of Cash Flows
For the Year Ended December 31, 1998
(With comparative totals for the fiscal year ended December 31. 1997)
Motor Health
Vehicle Insurance
Fund Fund
CASH FLOWS FROM OPERATING ACTIVITIES:
Operating income (loss) $ 33,046 S 2.551
Adjustments to reconcile operating
income (loss) to net cash provided by
operating activities:
Depreciation 1.517.765 0
Miscellaneous Revenue 60 0
Change in assets and liabilities:
(Increase) decrease in receivables 12.188 (100)
(Increase) decrease in inventories (53,413) 0
(Increase) decrease in other assets (22.776) 0
Increase (decrease) in accounts payable 41.395 2.313
Increase (decrease) in accrued liabilities 0 0
Increase (decrease) in other liabilities 5,997 0
Total adjustments 1,501.216 2,213
Net cash provided by (used for)
operating activities 1,534,262 4,764
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Taxes 0 0
Cash transfers 604,030 700.000
Net cash provided by (used for) noncapital
financing activities 604,030 700.000
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES:
Interest paid on borrowings 0 0
Proceeds from sale of assets 538.249 0
Acquisition of capital assets (1.602,279) 0
Proceeds from issuance of long-term debt 0 0
Principal paid on long-term debt 0 0
Net cash used for capital
and related financing activities (1,064.030) 0
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest on investments 0 0
Net Increase (Decrease) in Cash and Cash Equivalents 1.074.262 704.764
Cash and Cash Equivalents at Beginning of Year 890,794 120,165
Cash and Cash Equivalents at End of Year $ 1,965.056 $ 824,929
88
Phone Weld
Insurance Services Finance Totals
Fund Fund Corporation 1998 1997
$ (564,672) $ (7,072) $ 436.744 $ (99.403) 8 (244.498)
0 83.810 297,253 1.898.828 1,637,141
146,518 0 0 146.578 108,238
451,010 (6.684) 0 456,414 (495,409)
0 0 0 (53,413) 124,159)
5.097 6,204 0 (11.475) 254.329
10,528 (1,174) 0 53,062 (160.632)
12.608 (623) 0 11.985 (100,875)
(459,157) (5,819) 0 (45(L979) 58,575
166.604 75,714 297,253 2.043.000 1,425,526
(398.068) 68 642 733.997 1,943.597 1.181.028
1.000.267 0 0 1.000.267 547.993
0 0 0 1.304.030 (110,864)
1,000,267 0 0 2,304,297 437.129
0 0 (479,925) (479,925) (333,691)
0 0 0 538,249 303.117
0 0 0 (1,602,279) (8.265.700)
0 0 0 0 7,405,782
0 0 (255.111) (255.111) (188.813)
0 0 (735.036) (1,799.066) (1,079.305)
20.057 0 14.060 34.117 52,603
622.256 68,642 13.021 2,482.945 591,455
1.180,649 120.630 234,497 2,546,735 1.955.280
$1.802,905 $ 189,272 $ 247,518 $ 5,029,680 $ 2,546,735
89
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 fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
Operating Revenues:
Charges for services $ 2,020,599 $ 1,972,114 $ (48,485) $ 2,032,907
Miscellaneous 1,450,092 1,457,413 7,321 1,345,598
Total Operating Revenues 3,470,691 3,429,527 (41.164) 3,378,505
Operating Expenses:
Supplies 475,476 409,094 66,382 482,743
Purchased services 1,512,306 1,436,805 75,501 1,428,061
Depreciation 1,622,092 1,517,765 104.327 1,455,590
Other 32,817 32,817 0 104,871
Total Operating Expenses 3,642,691 3,396,481 246,210 3,471,265
Operating Income (Loss) (172,000) 33,046 205,046 (92,760)
Nonoperating Revenues:
Miscellaneous 0 60 60 653
Gain on disposition of assets 462,400 470,821 8,421 166,707
Total Nonoperating Revenues 462,400 470,881 8,481 167,360
Net Income (loss) 290,400 503,927 213,527 74,600
Retained Earnings at Beginning of Year 2,482,916 2,482.916 0 2.408,316
Retained Earnings at End of Year $ 2,773,316 $ 2,986,843 $ 213,527 $ 2,482.916
90
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Health Insurance Fund
Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
Operating Revenues:
Contributions $ 167,964 $ 180,560 $ 12,596 $ 169,827
Operating Expenses:
Purchased services 5,000 116 4,884 0
Insurance and bonds 0 0 0 5,040
Claims 162.964 177.893 (14,929) 158.623
Total Operating Expenses 167,964 178,009 (10.045) 163,663
Operating Income (Loss) 0 2,551 2,551 6,164
Operating Transfers:
Operating transfers - in (700,000) 700,000 1,400,000 0
Net Income (Loss) (700,000) 702,551 1,402,551 6,164
Retained Earnings at Beginning of Year 116.281 116,281 0 110,117
Retained Earnings at End of Year $ (583.719) $ 818,832 $ 1,402,551 $ 116,281
91
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 fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
Operating Revenues:
Charges for services $ 206,520 $ 199,717 $ (6,803) $ 222,713
Operating Expenses:
Supplies 5,000 0 5,000 557
Purchased services 42,950 900 42.050 8,685
Insurance and bonds 219,895 187,823 32,072 112,466
Other 500 849 (349) 496
Claims 933,175 574,817 358,358 369,052
Total Operating Expenses 1,201,520 764.389 437,131 491,256
Operating Income (Loss) (995,000) (564,672) 430,328 (268,543)
Nonoperating Revenues:
General property taxes 1.010,756 998.830 (11,926) 547,079
Penalties & interest 0 1,437 1,437 914
Compensation for loss 30,000 30,755 755 62,379
Earnings on deposits 65,000 20,057 (44.943) 45,206
Other 0 110,294 110,294 0
Net Increase(Decrease) in Fair Value 0 5,469 5,469 0
Total Nonoperating Revenues 1,105,756 1,166.842 61,086 655,578
Net Income (Loss) 110,756 602,170 491.414 387,035
Retained Earnings at Beginning of Year 1,038,672 1,038,672 0 651,637
Retained Earnings at End of Year $ 1.149,428 $ 1,640,842 $ 491,414 $ 1,038.672
92
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Phone Service Fund
Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
Operating Revenues:
Charges for services $ 846,838 $ 744,929 $ (101.909) $ 686,158
Total Operating Revenues 846.838 744,929 (101.909) 686,158
Operating Expenses:
Personnel services 108,551 108,369 182 108,309
Supplies 15,300 11.292 4,008 8,954
Purchased services 554,529 514.483 40,046 487,546
Depreciation 134.411 83,810 50.601 95,656
Other 34,047 34,047 0 34,021
Total Operating Expenses 846.838 752,001 94,837 734,486
Operating Income (Loss) 0 (7,072) (7.072) (48,328)
Nonoperating Revenues:
Income (Loss) Before Operating Transfers 0 (7,072) (7,072) (48.328)
Operating Transfers - In:
Net Income (Loss) 0 (7.072) (7.072) (48,328)
Retained Earnings at Beginning of Year (35,238) (35.238) 0 13,090
Retained Earnings at End of Year $ (35,238) $ (42,310) $ (7,072) $ (35.238)
93
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Weld Finance Corporation
Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31. 1997)
1998 1998 1998 1997
Budget Actual Variance Actual
Operating Revenues:
Rental income $ 739,925 $ 739,925 $ 0 $ 476,148
Total Operating Revenues 739.925 739,925 0 476,148
Operating Expenses:
Supplies 0 4,888 (4.888) 0
Purchased services 0 1,040 (1,040) 231,284
Depreciation 260,000 297,253 (37,253) 85,895
Total Operating Expenses 260,000 303,181 (43,181) 317,179
Operating Income (Loss) 479,925 436,744 (43,181) 158,969
Nonoperating Revenues/Expenses:
Interest income 0 14,060 14,060 52,603
Interest expense (479,925) (479,925) 0 (333,691)
Total Nonoperating Revenues (479,925) (465,865) 14,060 (281,088)
Net Income (loss) 0 (29,121) (29,121) (122,119)
Retained Earnings at Beginning of Year (147.714) (147,714) 0 (25,595)
Retained Earnings at End of Year $ (147.714) $ (176,835) $ (29,121) $ (147.714)
94
TTtVST AND AGENCY
BVNDS
15
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 individual, governmental entities and non-
public organizations.
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1998
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 Fund:
Waste Services Trust Fund:
This fund accounts for the interception and disposal of household hazardous waste to
encourage 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.
Emergency Telephone Service:
This fund accounts for the E-911 function in the County which services all emergency
agencies of the County.
95
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Combining Balance Sheet
December 31. 1998
(With comparative totals for December 31. 1997)
Nonexpendable
Expendable Trust Funds Trust Funds Pension Trust
North Colorado Employee Weld County
Medical Center Flexible Waste Retirement
Trust Spending Service Plan
Assets
Cash and short-term investments $ 31 $ 74,574 $ 279 $ 0
Accounts Receivable
(net of allowance for uncollectibles): 0 0 0 4,354
Due from other County funds 0 0 0 0
Due from other governments 0 80 0 0
Prepaid expense 0 0 0 178,316
Restricted Assets
Cash 0 0 0 278,909
Retirement plan investments 0 0 0 68,494,090
Deferred compensation plan investment 0 0 0 0
Total Assets $ 31 $ 74.654 $ 279 $ 68,955,669
Liabilities and Fund Equity
Accounts payable $ 0 $ 10,758 $ 0 $ 120.548
Due to other County funds 0 0 0 0
Due to other governments 0 63,896 0 80
Payable from restricted assets
Deferred compensation payable 0 0 0 0
Total Liabilities 0 74,654 0 120,628
Fund Balances:
Reserved for employee pension benefits 0 0 0 61,714,771
Unreserved and undesignated 31 0 279 7.120.270
Total Fund Balances 31 0 279 68.835,041
Total Liabilities and Fund Equity $ 31 $ 74.654 $ 279 $ 68,955,669
96
Agency Funds Totals
Emergency
General Payroll Telephone
Agency Agency Service 1998 1997
$ 4,143,870 $ 290,996 $ 912,504 $ 5,422,254 $ 4,911,048
2,823 0 7.846 15,023 17,260
0 0 0 0 7,523
13.449 0 0 13,529 0
0 0 0 178,316 180,066
0 0 0 278.909 488.734
0 0 0 68,494,090 64.844.390
0 0 0 0 2,878,226
$ 4,160,142 $ 290.996 $ 920.350 $ 74,402,121 $ 73,327.247
$ 1,250 $ 290.996 $ 0 $ 423,552 $ 444,191
0 0 0 0 80,239
4.158.892 0 920.350 5.143,218 4,452,301
0 0 0 0 2.878.226
4.160.142 290,996 920,350 5,566,770 7,854,957
0 0 0 61,714,771 56.148.086
0 0 0 7,120.580 9,324,204
0 0 0 68.835.351 65,472,290
$ 4.160.142 $ 290.996 $ 920.350 $ 74,402,121 $ 73,327,247
97
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency funds
Pension Trust Fund
Statement of Changes in Plan Net Assets
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
Weld County Retirement Plan
1998 1997
Additions:
Contributions $ 3,372.438 $ 3,076,087
Earnings on investments 6,633.591 8,437,304
Net appreciation in fair market
value of investments (3,685,080) 1,346,316
Total Additions 6,320,949 12.859,707
Deductions:
Actuarial/trustee fees 258,701 197.241
Benefit payments 2,691,688 2.396.848
Supplies 3.575 6.284
Total Deductions 2,953,964 2,600,373
Increase in net assets 3,366,985 10,259,334
Net assets held in trust for pension benefits
Beginning of the year 65,468,056 55,208,722
End of the year $ 68,835,041 $ 65,468,056
98
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
All Expendable Trust Funds
Statement of Revenues. Expenditures and
Changes in Fund Balances
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
North Colorado Employee Totals
Medical Center Flexible
Trust Spending 1998 1997
Revenues:
Earning on investments $ 6 $ 0 $ 6 $ (449)
Contributions 0 298.062 298,062 242.262
Total Revenues 6 298,062 298,068 241,813
Expenditures:
Reimbursements 0 298.062 298,062 242.262
Total Expenditures 0 298,062 298,062 242,262
Excess of Revenues Over (Under) Expendit 6 0 6 (449)
Fund Balances at Beginning of Year 25 0 25 474
Fund Balances at End of Year $ 31 $ 0 $ 31 $ 25
99
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Nonexpendable Trust Fund
Statement of Revenues. Expenses and
Changes in Fund Balance
For the fiscal year ended December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
Waste Services
1998 1997
REVENUES
Earnings on deposits f 2,007 $ 1,592
EXPENSES
Miscellaneous 5,937 0
Net Income (3.930) 1,592
Fund Balance at Beginning of Year 4,209 2,617
Fund Balance at End of Year f 279 $ 4,209
100
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Statement of Changes in Assets and Liabilities
All Agency Funds
For the year ended December 31, 1998
Balance Balance
01/01/98 Additions Deductions 12/31/98
GENERAL AGENCY FUND
Assets:
Cash and short-term investments $ 3,510,317 $ 107.404.121 $ 106.770,568 $ 4,143,870
Accounts receivable 3,464 0 641 2.823
Due from other governments 0 13,449 0 13.449
Prepaid expenses 996 0 996 0
Total Assets $ 3,514.777 $ 107,417.570 $ 106,772.205 $ 4,160,142
Liabilities:
Accounts payable $ 3,537 $ 1.250 $ 3.537 $ 1,250
Due to other County funds 207 0 207 0
Due to other governments 3.511.033 106,413,452 105,765.593 4,158,892
Total Liabilities $ 3,514,777 $ 106,414,702 $ 105,769,337 $ 4,160,142
PAYROLL AGENCY FUND
Assets:
Cash and short-term investments $ 262,474 $ 12,269.518 $ 12,240,996 $ 290,996
Accounts receivable 2.962 0 2,962 0
Due from other County funds 2,962 0 2,962 0
Total Assets $ 268,398 $ 12,269.518 $ 12,246,920 $ 290.996
Liabilities:
Accounts payable $ 268,398 $ 12,246,920 $ 12,224,322 $ 290,996
Total Liabilities $ 268,398 $ 12,246,920 $ 12.224.322 $ 290.996
DEFERRED COMPENSATION FUND
Assets:
Investments $ 2,878,226 $ 0 $ 2.878,226 $ 0
Liabilities:
Deferred compensation payable $ 2.878.226 $ 0 $ 2.878,226 $ 0
EMERGENCY TELEPHONE SERVICE
Assets:
Cash and short-term investments $ 1,006,711 $ 470,319 $ 564.526 $ 912.504
Accounts receivable 38 7,846 38 7.846
Total Assets $ 1.006,749 $ 478,165 $ 564,564 $ 920,350
Liabilities:
Accounts payable $ 65,481 $ 39.089 $ 104.570 $ 0
Due to other governments 941,268 289.620 310,538 920,350
Total Liabilities $ 1,006,749 $ 328,709 $ 415,108 $ 920,350
TOTAL - ALL AGENCY FUNDS
Assets:
Cash and short-term investments $ 4,779.502 $ 120,143,958 $ 119,576,090 $ 5,347,370
Investments 2.878,226 0 2,878,226 0
Accounts receivable 6,464 7.846 3,641 10,669
Due from other County funds 2,962 13.449 2,962 13.449
Prepaid expenses 996 0 996 0
Total Assets $ 7,668,150 $ 120,165,253 $ 122.461,915 $ 5,371,488
Liabilities:
Accounts payable $ 337,416 $ 12,287,259 $ 12,332,429 $ 292,246
Due to other County funds 207 0 207 0
Due to other governments 4,452.301 106,703,072 106,076,131 5,079,242
Deferred compensation payable 2,878,226 0 2,878.226 0
Total Liabilities $ 7,668.150 $ 118,990,331 $ 121,286,993 $ 5,371,488
101
teMotrp
WhIt
COLORADO
GENERAL FIXED ASSETS
ACCOVNT GR0VP
Investment in property and equipment, except for those of the Proprietary Funds, are
recorded in the account group.
COUNTY OF WELD
STATE OF COLORADO
General Fixed Assets Account Group
Schedule of General Fixed Assets by Source
December 31. 1998
(With comparative totals as of December 31, 1997)
GENERAL FIXED ASSETS: 1998 1997
Land $ 2.561,997 $ 2.561.997
Buildings 3,157.962 3,130.108
Improvements other than buildings 27.485,183 26.069,317
Leasehold Improvements 29,596 30,201
Machinery and Equipment 9,842,820 9.339,727
Construction in Progress 4,671,290 424,826
TOTAL ASSETS 847.748,848 $41.556.176
INVESTMENTS IN GENERAL FIXED ASSETS BY SOURCE:
General Fund $ 6.695,321 $ 6,407,511
Special Revenue Funds 1,730,524 1,838,111
Capital Projects Fund 39,234,175 33,166.988
Donations 88,828 143.566
TOTAL INVESTMENTS IN GENERAL FIXED ASSETS $47,748.848 $41.556.176
103
COUNTY OF WELD
STATE OF COLORADO
General Fixed Assets
Schedule of General Fixed Assets by Function and Activity
December 31, 1998
(With comparative totals as of December 31. 1997)
Land Leasehold Equipment & Construction Memorandum Totals
Land Improvements Buildings Improvements Furniture In Progress 1998 1997
GENERAL GOVERNMENT:
Office of the Board $ 0 $ 0 $ 0 $ 0 $ 7,362 $ 0 $ 7,362 $ 16.220
County Attorney 0 0 0 0 1.650 0 1,650 8.517
Clerk to the Board 0 0 0 0 28,310 0 28.310 24.627
County Clerk 0 0 0 0 241.305 0 241,305 265.756
Elections 0 0 0 0 593,946 0 593.946 594,523
Treasurer 0 0 0 0 39.971 0 39,971 21.130
Assessor 0 0 0 0 29.753 0 29,753 44,643
County Council 0 0 0 0 0 0 0 603
District Attorney 0 0 0 0 110.553 0 110,553 71,248
Finance 0 0 0 0 2,565 0 2,565 3,727
Accounting 0 0 0 0 8,966 0 8.966 8.966
Purchasing 0 0 0 0 0 0 0 644
Personnel 0 0 0 0 5,045 0 5.045 7,872
Planning 0 0 0 0 37.066 0 37,066 7.094
Buildings and Grounds 0 0 0 0 62.213 0 62.213 76,463
Data Processing 0 0 0 0 3,012.006 0 3,012,006 2,750.681
Capital Improvements 2,128,315 2,192,890 20,156,129 0 66,638 0 24,543,972 24.524,821
Printing and Supply 0 0 0 0 23,792 0 23.792 102,593
TOTAL GENERAL GOVERNMENT 2.128.315 2,192,890 20.156.129 0 4.271.141 0 28.748.475 28,530.128
PUBLIC SAFETY:
Sheriff Administration 0 594,458 1,601.988 0 703,238 0 2.899,684 2,976.211
Task Force 0 0 0 0 0 0 0 0
Communications 43.474 0 307.048 29,596 2.977,126 0 3.357,244 3,151,893
Ambulance 0 0 0 0 0 0 0 1,473
County Coroner 0 0 0 0 1.338 0 1.338 6,398
Community Corrections 0 0 0 0 0 0 0 635
Building Inspection 0 0 0 0 0 0 0 621
Emergency Management 0 0 0 0 41,553 0 41.553 45.379
TOTAL PUBLIC SAFETY 43,474 594.458 1.909,036 29.596 3,723.255 0 6,299.819 6,182,610
PUBLIC WORKS:
Roads and Bridges 0 24.142 0 52.228 1.291.525 1.367,895 185.217
HEALTH AND WELFARE:
Health 162,069 22,961 0 0 442.135 3,379,765 4,006.930 505,508
Public Welfare 170.318 27.271 2,239,885 0 1,055.818 0 3.493.292 1.555.133
TOTAL HEALTH AND WELFARE 332.387 50.232 2.239.885 0 1.497.953 3.379.765 7.500,222 2,060.641
ECONOMIC ASSISTANCE:
Housing 0 0 0 0 8,920 0 8,920 10,007
Human Services 38.414 46.016 1.051.043 0 203.194 0 1.338.667 2,140,138
TOTAL ECONOMIC ASSISTANCE 38.414 46.016 1.051.043 0 212.114 0 1,347.587 2,150.145
AUXILIARY SERVICES:
Missile Park 0 139.762 38.757 0 0 0 178.519 178.519
Library 19.207 6.724 1.076.287 0 0 0 1.102.218 1.102,514
Extension Services 200 103,738 1,014,046 0 86,129 0 1.204,113 1.163,842
Fleet Maintenance 0 0 0 0 0 0 0 1,208
Veterans Administration 0 0 0 0 0 0 0 1.352
TOTAL AUXILIARY SERVICES 19.407 250.224 2,129.090 0 86 129 0 2.484,850 2,447.435
TOTAL GENERAL FIXED ASSETS $ 2,561.997 $ 3.157.962 $ 27.485.183 $ 29,596 $ 9.842.820 $ 4.671.290 $ 47.748.848 $ 41.556.176
104
COUNTY OF WELD
STATE OF COLORADO
General Fixed Assets
Schedule of Changes in General Fixed Assets
by Function and Activity
For the Year ended December 31. 1998
General General
Fixed Assets Fixed Assets
01/01/98 Transfers Additions Deletions 12/31/98
GENERAL GOVERNMENT:
Office of the Board $ 16.220 $ 0 $ 0 $ 8,858 $ 7,362
County Attorney 8,517 0 0 6,867 1,650
Clerk to the Board 24,627 0 6.037 2,354 28,310
County Clerk 265,756 (7.554) 4,151 21.048 241.305
Elections 594.523 0 0 577 593,946
Treasurer 21.130 23,909 0 5,068 39,971
Assessor 44,643 1.502 0 16.392 29.753
County Council 603 0 0 603 0
District Attorney 71.248 39.157 14,602 14,454 110.553
Finance 3,727 0 0 1.162 2,565
Accounting 8.966 0 0 0 8.966
Purchasing 644 0 0 644 0
Personnel 7.872 (1,650) 3.300 4,477 5,045
Planning 7.094 33.703 0 3.731 37.066
Buildings and Grounds 76.463 0 0 14,250 62.213
Data Processing 2,750.681 9,062 340,038 87,775 3,012.006
Capital Improvements 24.524,821 (102.004) 127,778 6.623 24.543,972
Printing and Supply 102.593 (15.732) 8.906 71.975 23.792
TOTAL GENERAL GOVERNMENT 28,530,128 (19,607) 504,812 266.858 28,748.475
PUBLIC SAFETY:
Sheriff Administration 2.976.211 (21.477) 47,814 102.864 2.899,684
Task Force 0 0 0 0 0
Communications 3.151,893 0 297.693 92.342 3,357.244
Ambulance 1.473 0 0 1.473 0
County Coroner 6,398 0 0 5,060 1.338
Community Corrections 635 0 0 635 0
Building Inspection 621 0 0 621 0
Emergency Management 45.379 0 0 3.826 41.553
TOTAL PUBLIC SAFETY 6,182,610 (21,477) 345.507 206.821 6,299,819
PUBLIC WORKS:
Roads and Bridges 185.217 923 1.211.270 29.515 1.367 895
HEALTH AND WELFARE:
Health 505.508 2,057 3.533.048 33,683 4,006.930
Public Welfare 1,555,133 9,203 2.121.939 192.983 3,493,292
TOTAL HEALTH AND WELFARE 2.060.641 11.260 5.654.987 226.666 7.500.222
•
ECONOMIC ASSISTANCE:
Housing 10,007 0 0 1.087 8.920
Human Services 2,140.138 (1.794) 85,623 885.300 1.338.667
TOTAL ECONOMIC ASSISTANCE 2.150.145 (1,794) 85.623 886.387 1.347.587
AUXILIARY SERVICES:
Missile Park 178.519 0 0 0 178,519
Library 1,102,514 0 0 296 1.102.218
Extension Services 1,163.842 30,695 14.586 5.010 1.204.113
Fleet Maintenance 1.208 0 0 1,208 0
Veterans Administration 1.352 0 0 1,352 0
TOTAL AUXILIARY SERVICES 2,447,435 30,695 14.586 7,866 2.484.850
TOTAL GENERAL FIXED ASSETS $ 41.556.176 $ 0 $ 7 816.785 $ 1,624,113 $ 47.748,848
105
tintm
Wilk
COLORADO.
LONG-TERM DEBT
ACCOVNT GROVP
Sick and vacation accrual and long term lease liabilities for Governmental Fund types are
recorded in this account group.
COUNTY OF WELD
STATE OF COLORADO
General Long-Term Debt Account Group
Schedule of Long-Term Debt
December 31, 1998
(With comparative totals for the fiscal year ended December 31, 1997)
1998 1997
Amounts to be Provided for Retirement
Of General Long-Term Debt $ 1.368,957 $ 1,247,544
Liabilities:
Special assessment bonds payable 10,000 10.000
Vacation and sick-leave accrual 1,358,957 1,237,544
Total General Long-Term Debt $ 1,368.957 $ 1.247,544
107
f grtTht
hut
COLORADO
STAT1 ST1 CAL
SECTION
COUNTY OF WELD
STATE OF COLORADO
Tables Relating to Bonded Debt
(Unaudited)
December 31. 1998
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 Years
109
COUNTY OF WELD
STATE OF COLORADO
General Governmental Expenditures by Function
(Unaudited)
Last Ten Years
General Public County Roads Public Health
Year Government Safety & Highways & Welfare
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 8,851,711 11,129.398 12,923,390 29.115,143
1993 9,240,852 12,316,998 12,406,610 30,368,869
1994 11.055,275 12,433,092 13,294,864 33,011,044
1995 10,592,856 12,987,458 14,566.805 30,821,874
1996 11,948.235 14.259.703 13,775,099 31.956.369
1997 12,174,652 15.080,985 16,287,124 30.211.705
1998 13.450,808 17,585.720 15.559.093 14,957,946
General Revenue by Source
(Unaudited)
Last Ten Years
Licenses Intergovernmental
Year Taxes and Permits Revenue
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 24,932.140 840,856 39,972,645
1993 25.235.991 1,123,683 42,971,833
1994 26,840.523 1,196,030 43,606,733
1995 28,435,809 863.912 45,867,426
1996 31,314.756 1,007,453 43,121.871
1997 31.864,782 1.134,380 45,660.632
1998 33.494.276 1,765,997 29,766,176
110
Auxiliary Capital Debt Intergovernmental Total
Services* Outlay Service Expenditures Miscellaneous Expenditures
$ 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
10,109,482 4,507,019 174,194 809,896 3,572,646 81.192.879
8,737,127 1,919,586 315,046 667,306 3,756.189 79,728.583
8,313,101 5,006,189 181,228 678,046 4.439.223 88.412.062
8,860,831 3,594,276 154,507 522,232 7,861.329 89,962,168
7,063.067 6,077,085 107,963 559,388 2,330,118 88,077.027
8,159,490 6,574,292 289,363 486.365 1,154,747 90,418,723
8,715,697 8,332.804 479.925 526,430 1,073,351 80.681,774
*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
$ 1,952,168 $ 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
2,009,366 34,275 5,321,336 2,850,764 75.961.382
3,291,217 36,407 3,361.712 3,180,126 79.200.969
4,700,961 30,910 3.191.184 3,476,797 83.043.138
4,149,997 28,983 3.820.161 3.425.702 86,591.990
4,939.939 24,345 3.913.650 2.762.388 87,084,402
5,784.997 23,301 12,271,411 2,897.598 99,637,101
4,100,036 35,264 4,555,678 3,563,791 77,281,218
General revenue includes revenue of General, Special Revenue, Capital Projects
and Expendable Trust Funds.
111
COUNTY OF WELD
STATE OF COLORADO
Property Value, Construction, Bank Deposits
and Other Economic Indicators
(Unaudited)
Last Ten Years
Property Value Value of Crop
P Y Estimated & Livestock
Estimated Actual Construction Bank Deposits Retail Sales Production
Year value (millions) Building Permits (millions) (millions) (millions) (thousands)
(3) (2) (2) (1) (1) (1)
1989 5,771.60 1,999 33.00 753.70 1,711.10 1,088
1990 5,572.70 1,670 32.50 756.90 1,744.90 1,226
1991 6,273.90 1,923 42.00 905.10 2,282.00 1,068
1992 6,191.50 2,020 42.00 839.00 1,555.00 1,128
1993 7,176.40 2,348 57.30 803.76 1,789.50 1,275
1994 7,390.40 2,236 62.95 928.24 2,005.00 1,184
1995 7.930.17 1,614 45.37 1,006.86 2,007.00 1.161
1996 7,607.03 1.721 55.74 1,089.32 2,271.43 *
1997 8,582.62 1,773 70.75 1.244.73 2,403.42 *
1998 9.037.15 1,760 99.57 1,524.38 2,583.89 *
* Information not available.
Data Sources:
(1) EDAP - Greeely/Weld Econimic Develoment Action Partnership.
(2) Weld County Planning and Building Ispection Departments.
(3) Weld County Comprehensive Annual Fiancial Report.
112
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
1989 1989 $ 20,534,080 $ 20,153,920 $ 98.15 $ 61,419 $ 20,215,339 $ 420.669
1990 1990 21,336,977 21.037.446 98.60 87,901 21,125,347 862,040
1991 1991 22.459,831 22,228,600 98.97 311,671 22,540,271 886.342
1992 1992 23,752,395 23,608,438 99.39 104.726 23,713,164 968,201
1993 1993 23,773,780 23,653,525 99.49 60,584 23,714,109 978,926
1994 1994 24.920,742 24,793,121 99.49 65,403 24.858,524 905,474
1995 1995 27,473,515 27,308,264 99.40 64,220 27,372,484 781,720
1996 1996 29,618,111 29,460,936 99.47 121,172 29,582,108 457,518
1997 1997 29,246,805 28,843.296 98.62 91,804 28,935,100 355,254
1998 1998 32,543,342 32,222,578 99.01 108,995 32,331,573 316,323
Last Ten Years
Real Property (1) Personal Property (2) Total
Levy Assessed Estimated Assessed Estimated Assessed Estimated
Year Value Actual Value Value Actual Value Value (4) Actual Value
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
1994 958,849,570 6,836,859,318 160,423,580 553,184,759 1,119,273,150 7,390,044.077
1995 1,027,364,600 7,317,227,471 177,752,250 612,938,793 1.205.116.850 7,930,166,264
1996 987.014.993 6,971,201,156 184,390,364 635,828,841 1,171,405,357 7,607,029,997
1997 1.115.923,550 7,914,137,072 193.859,950 668,482,586 1,309,783,500 8,582,619,658
1998 1,177,632,350 8,344.493,359 200.869,820 692,654,552 1,378,502,170 9,037,147,911
(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.
113
COUNTY OF WELD
STATE OF COLORADO
Property Tax Levies - Direct and Overlapping Governments
(Unaudited)
Last Ten Years
Levy Collection School Junior
Year Year Cities Districts County College Other
Tax Levies
1989 1989 445.3300 739.67 19.2700 5.1500 224.8400
1990 1990 543.4400 770.24 20.8900 5.3300 198.9400
1991 1991 531.5700 741.70 22.2100
1992 1992 587.7900 762.50 22.4600 5.9200 242.8300
5.9900 242.3000
1993 1993 595.7700 753.42 22.4600
6.3400 239.5300
1994 1994 593.5000 747.48 22.4600
1995 1995 575.8300 719.57 22.0400 6.3200 239.5300
6.1500 245.1200
1996 1996 565.9900 694.28 22.0400
6.3200 237.1800
1997 1997 541.6000 710.62 22.0400
1998 1998 508.4700 724.65 22.0400 6.2500 237.1800
6.3200 346.6200
Tax Revenues
1988 1988 $ 5.273,090 S 46.746,481 $ 20,534,080 $ 4,905,770 $ 6,884,119
1989 1989 5,644,875 46,894.420 21,336,977 4,939,571 6,929,833
1990 1990 5,838,481 45.723,479 22,459,831 5,449,422 7,356,376
1991 1991 6,107,177 48.665,910 23,752,395 5,760,833 7,747,251
1992 1992 6,155.382 48,258,097 23,773,780 6.118,008 7,099.152
1993 1993 6,243,780 49,387,551 24.920,742 6,376.268 7,479,307
1994 1994 6,705,795 52,888,144 27,473.515 6.988,393 8.514,042
1995 1995 7,599,166 56.390.200 29,675,966 7,714,651 9,992,187
1996 1996 8,094,430 61,343.860 29,306.985 7,520,384 9.654,639
1997 1997 9,174,205 67,344,547 32,608.877 8,397,821 10,629,365
The basis for the property tax rates is per $1,000 assessed valuation.
114
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
1989 (1) $ 143,626 $ 143,626 $ 100 $ 914,708
1990 (2) 194,773 194,773 100 794,535
1991 (3) 188,602 188,602 100 742,081
1992 (4) 521,076 521.076 100 628.605
1993 (5) 335,532 335,532 100 679,639
1994 (6) 213,990 213,990 100 465.649
1995 (6) 243,621 243,621 100 222.028
1996 (7) 92,291 92.291 100 235,343
1997 (6) 46,012 46,012 100 189,331
1998 (8) 57,017 57,017 100 163,210
Notes:
(1) Antelope Hills Special Assessment 2 of $16,000. Casa Grande/Enchanted Hills
Special Assessment of $150,473. Knaus Special Assessment of $27,488.
(2) 71st Avenue Special Assessment of $74,600.
(3) Basswood Special Assessment of $11, 508. Eighty-third Avenue Special
Assessment of $124.640.
(4) Roads 15 8 84 Special Assessment of $357,600. Weld County Road 34 Special
Assessment of $25,000. Weld County Road 32 Special Assessment of $25,000.
(5) Weld County Road 8 Special Assessment of $114,000, Road 38 $53,035, Johnson
Subdivision $48,236, and Arrowhead Subdivision $171,294.
(6) No new special assessments.
(7) Roth Subdivision $86,456. Delwood Special Assessment $19,150.
(8) Martin Brothers Special Assessment $30.896.
115
COUNTY OF WELD
STATE OF COLORADO
Computation of Legal Debt Margin
(Unaudited)
December 31, 1998
Assessed Value. 1998 $1.553.171.070
Debt Limit 3 Percent of Assessed Value 46.595.132
Amount of Debt Applicable to Limit:
Total Bonded Debt E 0
Installment Purchase Agreements E 0
Total Amount of Debt Applicable to
Debt Limit D
Legal Debt Margin $ 46,595,132
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.
116
COUNTY OF WELD
STATE OF COLORADO
Demographic Statistics
(Unaudited)
Last Ten Years
Estimated Total Per Median Population Housing
Year Population Median Age Personal Income Capita Income Family Income Per Household Units
1989 131,600 ** 1,943.331,000 14,230 ** ** **
1990 131,821 30.50 2,095,000,000 15,874 30,800 2.70 47,566
1991 133,400 ** 2,204,000.000 15,592 ** ** **
1992 137,621 ** 2,202,248,000 16.176 ** ** **
1993 141,492 ** 2,466,112,000 17,548 ** ** **
1994 140,320 ** 2,529,008,000 17,470 36,296 2.68 54,551
1995 146,643 32.00 2.700,452,000 18,178 40.524 2.68 ' 56.207
1996 149,332 32.30 3,022,000.000 19,934 41,693 2.68 56,849
1997 154,930 32.50 ** ** 41,704 2.73 57,618
1998 157,873 32.80 ** ** 40,561 2.70 59,592
Source: Greeley/Weld Economic Development Office (EDAP)
* Actual not available • Information is estimated
** Information is not available
117
COUNTY OF WELD
STATE OF COLORADO
Principal Taxpayers
(Unaudited)
December 31, 1998
Percent
1998 Of Total
Assessed Assessed
Valuation Valuation
HS Resources Inc $ 130.955,390 8.43%
Patina Oil & Gas Corporation 87.602.530 5.64%
Eastman Kodak Company 65.995.310 4.25%
Public Service Company of Colorado 54.998.700 3.54%
Thermo Cogeneration Partnership 26,300,300 1.69%
North American Resources Company 22.614.200 1.46%
Duke Energy Field Services Inc 17,775,610 1.14%
US West Communications Inc 17.685.600 1.14%
Prima Oil & Gas Company 14.888.980 .96%
RR Donnelley & Sons Company 9.854,490 .63%
$ 448,671.110 28.88%
118
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics
(Unaudited)
December 31. 1998
1. Date of Incorporation: 1861
2. Form of Government: Home Rule Charter
3. Date Present Charter Adopted: January 1. 1976
4. Area - Square Miles: 4.004 square miles
5. County Seat: City of Greeley
6. Employees as of December 31. 1997: Elected Officials - 16
Department Heads - 13
Employees with Benefits - 998
Employees without Benefits - 150
7. Miles of Roads: Paved - 684.87
Unpaved - 2577.18
Unmaintained - 256.67
No. of
8. Building Permits: Year Permits Valuation
1989 1.999 S 33.060.864
1990 1,670 S 32.463.224
1991 1.923 S 32.565.285
1992 2.020 S 42,051.597
1993 2.348 $ 57,367.465
1994 2.236 S 62.952.384
1995 1.614 $ 45.372.470
1996 1,721 S 55.739.785
1997 1.773 S 70.754,537
1998 1.760 $ 99,568,712
9. Motor Vehicle Registration: 1989 166.937
1990 168.921
1991 173,967
1992 177.298
1993 187.638
1994 211.713
1995 247.579
1996 254.312
1997 257,445
1998 261,495
10. Special Districts within County: 30 - Cities and Towns
17 - Schools
23 - Fire
19 - Water & Other
2 - Colleges
13 - Sanitation
11. Cities and Towns: Ault Garden City Longmont
Brighton Gil crest Mead
Broomfield Greeley Milliken
Dacono Grover Northglenn
Eaton Hudson Nunn
Erie Johnstown Pierce
Evans Keensburg Platteville
Firestone Kersey Raymer
Frederick LaSalle Severance
Ft. Lupton Lochbuie Windsor
12. Recreation: Golf Courses - 5
City and Regional Parks
Island Grove Recreational Complex
Greeley Recreation Center
119
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics - Continued
(Unaudited)
December 31, 1998
13. Libraries: Ault Town Library 14.410 Volumes
Eaton Library 19,500 Volumes
Fort Lupton Library 23,634 Volumes
Glen A. Jones Library 15.824 Volumes
• Hudson Library 6,925 Volumes
Platteville Library 15.831 Volumes
University of No. CO 461,366 Volumes
Weld Library District 247.925 Volumes
Windsor Public Library 35,141 Volumes
14. Elections: Number of Number Percent of
Registered of Votes Registered
Voters Cast Voters Voting
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
1994 General Election 69.887 41,075 58.8
1995 General Election 67.572 21,882 32.4
1996 General Election 78,700 55.313 70.3
1997 General Election 83,856 22.745 27.1
1998 General Election 91.156 47.212 51.8
15. Media: Newspapers: The Greeley Tribune
Town & Country News
Aims College World
The Mirror (UNC)
North Weld Herald
Farmer & Miner
Keene Valley Sun
Johnstown Breeze
Ft. Lupton Press
Platteville Herald
Windsor Beacon
Erie Echo
Ft. Morgan Times
LaSalle Leader
Platte Valley Voice
The Centennial News
Radio Stations: KFKA/KVVS
KGRE/KHNC
KUAD NI & 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. 1998: State - 3%
Source: Weld County offices.
Individual Libraries
120
COUNTY OF WELD
STATE OF COLORADO
Insurance In Force
(Unaudited)
December 31. 1998
Policy Period Details of Annual
Name of Company Policy Number Begins Expires Coverage Liability Limits Premiums
National Union -
Fire Insurance Co. 415-5237 01/01/98 12/31/99 Excess Worker's Employer's Liability
Compensation $1.000.000/Accident
Workers Compensation
Statutory Limits with
County Retaining First
$300,000 each claim $ 27,572
St. Paul Fire and Marine
Insurance Company GP09100287 07/01/98 06/30/99 Property Damage, Property: $50.000.000/
(Colorado Automobile Occupancy/$500 Deductible
Counties Liabilities All Liability: $250.000/
Casualty & General Liability. Person: $600,000/Claim
Property Pool) Public Officials Excess Liability: (Federal
and Out-of-State Only)
St. Paul Fire and Marine $1750.000/Person Excess
Insurance CO. 0P09100276 Excess Casualty $250.000: $600.000/Claim
(Colorado Excess $400,000
Counties Crime: $150,000/Loss
Casualty & $500 Deductible
Property Pool) Property Claim
County retaining first
St. Paul Fire and Marine Boiler & Machinery $125,000 each claim $ 225,508
Insurance Co. GP09100144
(Colorado
Counties
Casualty &
Property pool)
121
COUNTY OF WELD
STATE OF COLORADO
Salaries of Principal Officials
(Unaudited)
December 31.1998
ELECTED OFFICIALS:
Commissioners $ 48,000
Clerk & Recorder $ 56.000
Treasurer $ 56.000
Assessor $ 56.000
Sheriff $ 64.000
District Attorney $ 90.000
County Coroner $ 56,000
APPOINTED:
County Attorney $ 95.293
Director of Planning 8 70.518
Director of Finance and Administration $ 132.592
Director of General Services/Purchasing/Personnel $ 96.249
Director of Ambulance Services $ 77.065
Director of Social Services $ 82.567
Director of Health Department $ 76.296
Director of Human Services 8 82.997
Comptroller $ 80.947
Public Works Operations Manager 8 77.065
Public Works Director $ 84,672
Surety Bond Coverage for Principal Officials
(Unaudited)
December 31. 1998
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.
122
COUNTY OF WELD
STATE OF COLORADO
Private Purpose Revenue Bonds
(Unaudited)
December 31. 1998
INDUSTRIAL REVENUE BONDS:
DEBT REVENUE BONDS
TYPE OF ISSUE OUTSTANDING OUTSTANDING
ISSUER FACILITY AMOUNT DATE BEGINNING YR. ISSUED RETIRED END OF YR.
Monfort Inc. $4.100.000 1/92 $ 4.100.000.00 $ 0.00 $ 0.00 $ 4.100.000.00
Waste Service Corp. Landfill 860.000 2/91 705.000.00 0.00 30,000.00 675,000.00
Waste Service Corp. Landfill 2.500.000 2/91 2,115,000.00 0.00 80,000.00 2,035,000.00
RVNA Home Care Srv,Inc. Office 501.000 7/97 496,956.08 0.00 10.305.48 486.650.60
Weld Mental Health Office 650.000 6/84 205.000.00 0.00 55.000.00 150.000.00
Evangelical Lutheran Nursing Home 775,000 10/93 283,190.33 0.00 283.190.33 0.00
Greeley Center for
Independence. Inc. Therapeutic Ctr 1.350,000 08/96 1.305.408.70 0.00 36.170.34 1,269,238.36
GSSLB Assoc.
Nursing Home Nursing Home 2.020.000 10/98 0.00 2,020,000.00 0.00 2.020.000.00
TOTAL PRIVATE PURPOSE REVENUE BONDS $ 9,210,555.11 $2,020.000.00 $ 494.666.15 $10.735,888.96
123
COUNTY OF WELD
STATE OF COLORADO
Computation of Overlapping Bonded Debt
General Obligation Bonds
December 31. 1998
Net General Amount
Obligation Percentage
Bonded Debt Applicable to Applicable to
Jurisdiction Outstanding
Government Government
Cities & Towns $ 56,411,139 63.66% $ 35,912,527
416.534.573 54.96% 228.941.647
Schools 77.40% 18,080.102
Special Districts 23 359.856
Total Overlapping
$ 496,305,568 $ 282 934.276
124
OTHER R£QV1R£D
SVl'1'L£MENTAL
INFORMATION
2
N N
2
COUNTY OF WELD, COLORADO
REQUIRED SUPPLEMENTARY INFORMATION
(Unaudited)
Year 2000 Considerations:
The year 2000 issue is the result of shortcomings in many electronic data processing systems and
other equipment that may adversely affect the government's operations as early as fiscal 1999. The
following stages have been identified as necessary to address the year 2000 issue: Awareness,
assessment,remediation and validation/testing.
The County of Weld has completed an inventory of computer systems and other equipment
necessary to conduct the County operations. An assessment,plan and testing have taken place on
all systems and equipment. The County has identified the following systems or areas that have been
assessed and tested.
Finance-reporting/disbursements,payroll, tax collection and assessment,health and
welfare,public safety, and communications. The County has assessed each area and
tested. The County at this time does not have any sufficient budget allocated to
upgrade computer hardware or software, this has been addressed in prior years
budgets.
Because of the unprecedented nature of the year 2000 issue, its effects and the success of related
remediation efforts will not be fully determinable until the year 2000 and thereafter. Management
cannot assure that the County is or will be year 2000 ready,that the County remediation efforts will
be successful in whole or in part, or that parties with whom the County does business will be year
2000 ready.
125
VIIlic
COLORADO.
126
CO 1viPt1AN C E
SECTION
1,
H
CERTIFIEDPUBLIC ^R C ACCOUNTANTS
Ist:r*L��a. . CYr PARTNERS
John C. Dollarhide
Michael J. Rick
INDEPENDENT AUDITORS' REPORT Nicholas G A. ar{oafficki
pter
ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL Marcia hos G.
Kosmi
REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS
ebring
PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To The Board of County Commissioners
County of Weld, State of Colorado
Greeley, Colorado
We have audited the general purpose financial statements of County of Weld, State of Colorado
as of and for the year ended December 31, 1998, and have issued our report thereon dated
May 5, 1999. We conducted our audit in accordance with generally accepted auditing
standards and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States.
Compliance
1. As part of obtaining reasonable assurance about whether Weld County's general
purpose financial statements are free of material misstatement, we performed tests of its
compliance with certain provisions of laws, regulations, contracts, and grants,
noncompliance with which could have a direct and material effect on the determination
of financial statement amounts. However, providing an opinion on compliance with
those provisions was not an objective of our audit, and accordingly, we do not express
such an opinion. The results our t
are required to be reported under Government Auditing Standards.of noncompliance that
Internal Control Over Financial Re ortin
2. In planning and performing our audit, we considered Weld ros unty's internal
for the control
p posoover
r
financial reporting in order to determine our auditing p
expressing our opinion on the general purpose financial statements and not to provide
assurance on the internal control over financial reporting. Our consideration of the
internal control over financial reporting would not necessarily disclose all matters in the
internal control over financial reporting that might be material weaknesses. A material
weakness is a condition in which the design or operation of one or more of the internal
control components does not reduce to a relatively low level the risk that misstatements
in amounts that would be material in relation to the general purpose financial statements
being audited may occur and not be detected within a timely period by employees in the
normal course of performing their assigned functions. We noted no matters involving the
internal control over financial reporting and its operation that we consider to be material
weaknesses. However, we noted other matters involving the internal control over
financial reporting, which we have reported to management of County of Weld, State of
Colorado in a separate letter dated May 5, 1999.
127
1901 56th Avenue, Suite 200 / Greeley, CO 80634-2950 / 970-330-8860 / Denver 303-8254752 / Fax 970-330-6680
To The Board of County Commissioners
3. This report is intended for the information of the board, management, and federal
awarding agencies and pass-through entities. However, this report is a matter of public
record and its distribution is not limited.
May 5, 1999 po,.n2 e £� N 6 tLe-
•
128
kr
CERTIFIED PUBLIC d 3, .K •ar/y ACCOUN TAN TS
V
PARTNERS
John C. Dollarhide
Michael J. Flick
INDEPENDENT AUDITORS' Susan
Susan A. Gapter
REPORT ON COMPLIANCE WITH REQUIREMENTS Nicholas G. Kosmicki
APPLICABLE TO EACH MAJOR PROGRAM AND ON INTERNAL CONTROL Marcia L. Siebring
OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133
To The Board of County Commissioners
County of Weld, State of Colorado
Greeley, Colorado
Compliance
1. We have audited the compliance of County of Weld, State of Colorado with the types of
compliance requirements described in the U.S. Office of Management and Budget (OMB)
Circular A-133 Compliance Supplement that are applicable to each of its major federal
programs for the year ended December 31, 1998. Weld County's major federal programs
are identified in the accompanying schedule of expenditures of federal awards.
Compliance with the requirements of laws, regulations, contracts, and grants applicable to
each of its major federal programs is the responsibility of Weld County's management.
Our responsibility is to express an opinion on Weld County's compliance based on our
audit.
2. We conducted our audit of compliance in accordance with generally accepted auditing
standards; the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States; and OMB Circular A-
133, Audits of States, Local Governments, and Non-Profit Organizations. Those
standards and OMB Circular A-133 require that we plan and perform the audit to obtain
reasonable assurance about whether noncompliance with the types of compliance
requirements referred to above that could have a direct and material effect on a major
federal program occurred. An audit includes examining, on a test basis, evidence about
Weld County's compliance with those requirements and performing such other
procedures, as we considered necessary in the circumstances. We believe that our audit
provides a reasonable basis for our opinion. Our audit does not provide a legal
determination of Weld County's compliance with those requirements.
3. In our opinion, County of Weld, State of Colorado complied, in all material respects, with
the requirements referred to above that are applicable to each of its major federal
programs for the year ended December 31, 1998.
Internal Control Over Compliance
4. The management of County of Weld, State of Colorado is responsible for establishing and
maintaining effective internal control over compliance with the requirements of laws,
129
1901 56th Avenue, Suite 200 / Greeley, CO 80634-2950 / 970-330-8860 / Denver 303-825-1752 / Fax 970-330-6680
To The Board of County Commissioners
regulations, contracts, and grants applicable to federal programs. In planning and
performing our audit, we considered Weld County's internal control over compliance with
requirements that could have a direct and material effect on a major federal program in
order to determine our auditing procedures for the purpose of expressing our opinion on
compliance and to test and report on internal control over compliance in-accordance with
OMB Circular A-133.
5. Our consideration of the internal control over compliance would not necessarily disclose
all matters in the internal control that might be material weaknesses. A material
weakness is a condition in which the design or operation of one or more of the internal
control components does not reduce to a relatively low level the risk that noncompliance
with applicable requirements of laws, regulations, contracts, and grants that would be
material in relation to a major federal program being audited may occur and not be
detected within a timely period by employees in the normal course of performing their
assigned functions. We noted no matters involving the internal control over compliance
and its operation that we consider being material weaknesses.
6. We have audited the general purpose financial statements of County of Weld, State of
Colorado as of and for the year ended December 31, 1998, and have issued our report
thereon dated May 5, 1999. Our audit was performed for the purpose of forming an
opinion on the general purpose financial statements taken as a whole. The
accompanying schedule of expenditures of federal awards is presented for purposes of
additional analysis as required by OMB Circular A-133 and is not a required part of the
general purpose financial statements. 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.
7. This report is intended for the information of the board, management, and federal
awarding agencies and pass-through entities. However, this report is a matter of public
record and its distribution is not limited.
May 5, 1999 <oc* ", 4- e/ J' ,, y 4,
130
COUNTY OF WELD
STATE OF COLORADO
Schedule of Expenditures of Federal Awards
For the Fiscal Year Ended December 31, 1998
Federal Granting Agency/Recipient State Agency Federal
Grant Program CFDA # Expenditures
DEPARTMENT OF AGRICULTURE:
Direct Payment
Bank Head Jones Act N/A 37,218
Pass Through Payment from the State of Colorado
Department of Human Services
Food Stamp Program* 10.551 5,112,594
Child Care/Food Program 10.558 183,003
State Administrative Matching Grants 10.561 364,362
for Food Stamp Program*
Commodity Supplemental Food Program* 10.565 927,195
Food Distribution (Cash in lieu of commodities)* 10.550 278,528
Total Department of Agriculture 6,902,900
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
Direct Payments:
Section 8 Rental Certificate Program* 14.857 746,535
Section 8 Rental Voucher Program* 14.855 930,380
Pass Through Payments from the State Department of
Housing and Urban Development:
Home Investment in Affordable Housing 14.239 52,069
Pass Through Payment from the State of Colorado
Department of Social Services:
Emergency Shelter Grants Program 14.231 38,028
Emergency Shelter Grants Program 93.034 2,468
Total Department of Housing and Urban Development 1,769,480
DEPARTMENT OF THE JUSTICE:
Pass Throught Payments from the State Division of
Criminal Justice:
Juvenile Justice & Delinquency Prevention- 16.540 50,280
Allocation to States
Crime Victim Assistance 16.575 5,552
Crime Victim Compensation 16.576 59,364
Drug Control & System Improvement 16.579 132,236
Total Department of Justice 247,432
131
COUNTY OF WELD
STATE OF COLORADO
Schedule of Expenditures of Federal Awards
For the Fiscal Year Ended December 31, 1998
Federal Granting Agency/Recipient State Agency Federal
Grant Program CFDA# Expenditures
DEPARTMENT OF LABOR:
Pass Through Payment from the Colorado Department
of Labor:
Employment Service 17.207 215,831
Summer Job Hunt N/A 10,000
Pass Through Payments from the State of Colorado
Governor's Job Training Office:
Employment & Training Assistance/Dislocated Workers 17.246 167,621
Job Training Partnership Act 17.250 600,300
Total Department of Labor 993,752
DEPARTMENT OF TRANSPORTATION:
Pass Through from the Colorado Department of Highways:
Federal Transit Capital & Operating 20.507 45,600
Assistance Formula Grants
Total Department of Transportation 45,600
ENVIRONMENTAL PROTECTION AGENCY
Direct Payments:
Air Pollution Control Program Support 66.605 42,619
Total Environmental Protection Agency 42,619
DEPARTMENT OF HEALTH AND HUMAN SERVICES:
Direct Payments:
Head Start* 93.600 3,835,161
Pass Through Payments from the State of Colorado
Department of Social Services:
Special Programs for the Aging - Title III 93.044 188,490
Part B - Grants for Supportive Services & Senior Centers
Special Programs for the Aging - Title III 93.045 155,878
Part C - Nutrition Services
Special Programs for the Aging - Title III 93.046 6,424
Part D - In Home Services for Frail Older Individuals
Special Programs for the Aging - Title VII 93.041 194
Part G - Prevention of Abuse, Neglect & Exploitation of
Older Individuals
Special Programs for the Aging - Title VII
Part A - Long-term Care Ombudsman Services 93.042 178
for Older Individuals
Special Programs for the Aging - Title III
Part F - Preventive Health Services 93.043 7,156
Family Preservation 93.556 54,687
132
COUNTY OF WELD
STATE OF COLORADO
Schedule of Expenditures of Federal Awards
For the Fiscal Year Ended December 31, 1998
Federal Granting Agency/Recipient State Agency Federal
Grant Program CFDA # Expenditures
Refugee CRSP 93.566 1,062
Temporary Assistance for Needy Families* 93.558 723,834
Child Support Enforcement* 93.563 1,012,562
Low Income Home Energy Assistance* 93.568 974,667
Independent Living 93.674 11,497
Child Care Mandatory & Matching Funds 93.596 1,955,960
Child Welfare Services - State Grants 93.645 256,606
Title IV-E, Foster Care* 93.658 1,106,626
Adoption Assistance 93.659 245,646
Social Services Block Grant* 93.667 1,720,896
Medical Assistance Program ( Title XIX, Medicaid) 93.778 268,757
Pass Through from the Department of Local Affairs:
Community Services Block Grant 93.031 199,902
Community Services Block Grant N/A 74,826
Pass Through Payments from the State Department
of Health:
TB Control Programs 93.116 51,633
Family Planning 93.217 88,434
Abstinence Education 93.235 20,232
Immunization Program 93.268 169,111
Cancer Control 93.399 56,999
HIV Care Formula Grants 93.917 55,778
Early Detection & Control of Breast Cancer 93.919 30,549
HIV Prevention Program 93.940 30,471
Sexually Transmitted Diseases 93.977 5,296
Diabetes Control Programs 93.988 8,964
Preventive Health & Health Services 93.991 137,173
Maternal & Child Health Services 93.994 286,408
Total Department of Health and Human Services 13,742,057
DEPARTMENT OF ENERGY & CONSERVATION
Direct Payments
OEC Solid Waste Grant 81.041 33,769
Total Department of Energy & Conservation 33,769
TOTAL FEDERAL EXPENDITURES $23,777,609
*Major Program
133
COUNTY OF WELD
STATE OF COLORADO
NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Year Ended December 31, 1998
In 1998 the State of Colorado Depai fluent of Human Services completed full implementation of Electronic
Benefit Transfer (EBT). The State phased in counties starting in March of 1997, with completion in
February of 1998 and Weld County up in January 1998. Prior to EBT,benefits were issued by the individual
county and included in the financial statements. With the start of EBT,warrants are no longer issued by the
county, therefore the expenditure is not reflected in the financial statements.
The following is a disclosure of EBT, Social Services expenditures,not included in the financial statements.
State and Federal Programs
Grant Description EDT not on Financial
Food Stamp Program $5,112,594
CHATS-Day Care 3,206,714
CWEST-Foster Care 2,652,267
Low Income Energy Assistance Program 902,395
Colorado Works/TANF 642,525
State Only Programs
(Not on Schedule of Expenditures of Federal Awards)
State Grant EDT not on Financial
Aid to the Needy/Disabled $376,193
Old Age Pension 1,661,052
134
COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended December 31, 1998
SUMMARY OF AUDIT RESULTS
1. The auditors' report expresses an unqualified opinion on the general purpose financial state-
ments of County of Weld.
2. No instances of noncompliance material to the general purpose financial statements of County
of Weld were disclosed during the audit.
3. The auditors' report on compliance for the major federal award programs for County of Weld
expresses an unqualified opinion on all major federal programs.
4. Audit findings relative to the major federal award programs for County of Weld are reported
in this Schedule.
5. The programs tested as major programs are identified on the Schedule of Expenditures of
Federal Awards.
6. The threshold for distinguishing Types A and B programs was $780,000.
7. County of Weld was determined to be a low-risk auditee.
FINDINGS - FINANCIAL STATEMENT AUDIT
None
FINDINGS AND QUESTIONS COSTS - MAJOR FEDERAL AWARD PROGRAMS AUDIT
None
135
COUNTY OF WELD
STATE OF COLORADO
SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS
Year Ended December 31, 1998
Department of Health and Human Services
Head Start Program -CFDA No. 93.600, grant nos. 08CH0019 and 90CM0136/12; grant years
ending June 30, 1997 and 1998
Condition and Criteria: The transportation cost pool allocation included depreciation in excess
of amounts allowed under generally-accepted methods for computing depreciation. No
depreciation may be allowed on any assets that would be considered as fully depreciated.
Recommendation: Procedures should be established to compute depreciation in accordance
with generally-accepted methods, which is consistently applied for all specific asset or class
of assets for all federally-sponsored programs and must result in equitable charges
considering the extent of the use of the assets for the benefit of such programs.
Current Status: The excessive amounts were not noted in such programs in 1998.
136
SVPI'L£M£NTAt
1NFORMATION
HOVSE nitt loos
REPORTING R£QV1R£M£NTS
INDEPENDENT AUDITORS' REPORT
To The Board of County Commissioners
County of Weld, State of Colorado
Greeley, Colorado
We have audited, in accordance with generally accepted auditing standards, the general
purpose financial statements of County of Weld, State of Colorado, as of and for the year ended
December 31, 1998, and have issued our report thereon dated May 5, 1999.
The accompanying Annual Statement of Receipts and Expenditures for Roads, Bridges and
Streets of Weld County, as of and for the year ended December 31, 1998, is not a presentation
in conformity with generally accepted accounting principles. In our opinion, however, the
accompanying financial information is fairly stated, in all material respects, in relation to the
general purpose financial statements from which it has been derived.
May 5, 1999
138
COUNTIES, CITIES, & TOWNS ANNUAL STATEMENT OF RECEIPTS
& EXPENDITURES FOR ROADS, BRIDGES AND STREETS
COUNTY/CITY/TOWN: Weld
CALENDAR YEAR OF REPORT: 1998
(ROUND ALL AMOUNTS TO NEAREST DOLLAR)
I. SCHEDULE OF RECEIPTS FOR ROAD, BRIDGE AND STREET PURPOSES
A.LOCAL SOURCES C.STATE SOURCES
1.Property Tax/Special Assessments 2,240,241 1.Highway Users Tax 7,070,168
2.General Fund Appropriations 2.Motor Vehicle Registration Fees 303,544
3.Other(specify)age attached 528,458 3.Other(specify) 165,353
4.Traffic Fines TOTAL(C)STATE SOURCES 7,539,065
5.Sales Tax
6a.From County(specify) p.FEDERAL SOURCES
b.City/Town(Specify) 1.Forest Service 37,984
7.Bond Proceeds(net of issuance cost) 2.Mineral Leasing 85,358
8.Note Proceeds(net of issuance cost) 3.Payments in Lieu of Taxes 39.988
9.Specific Ownership Taxes t /.o7 , 1 1R 4. FEMA
5. HUD
6.Other(specify)
TOTAL (A)LOCAL SOURCES 6,265,837 TOTAL(D) FED.SOURCES 163,330
B.PRIVATE CONTRIBUTIONS
E.TOTAL RECEIPTS(A+B+C+D) 13,968,232
F.UNSPENT BALANCES BEGINNING OF YW 5,868,850
(must equal ending balance of previous year)
G.TOTAL RECEIPTS AND BALANCES(E+F) 19,837,082
(Revised 3/99)
139
IL SCHEDULE OF EXPENDITURES FOR ROAD, BRIDGE AND STREET
PURPOSES
A.DIRECT HIGHWAY EXPENDITURES
1.Right-of-Way
2.Preliminary and Construction Engineering
3.Total Construction 7 199 c A 7
A. Capacity Improvements
B. System Preservation
C. Safety Improvements
4.Maintenance of Condition 9 109 190
5.Snow and Ice Removal 9.049 775
6.Traffic Services 977 RAS
7.Administration ion,017
8.Traffic Enforcement
TOTAL(A)DIRECT HIGHWAY EXPENDITURES 14.912.634
B.DEBT PAYMENTS ON BONDS AND NOTES
1.Interest on Bonds
2.Interest on Notes
3.Redemption on Bonds(net value)
4.Redemption on Notes(net value)
TOTAL(B)DEBT PAYMENTS
C.PAYMENTS TO OTHER GOVERNMENTS
1 a.To County(specify)
b. ToCity(specify) various per schedule 526,430
2. To Dept.of Trans.
TOTAL(C)PAYMENTS TO OTHER GOVERNMENTS 526,430
D.OTHER HIGHWAY PURPOSES
(specify)
E.TOTAL EXPENDITURES(A+B+C+D) 15,439,064
F.BALANCES END OF YEAR 4.398.018
(unspent receipts)
G.TOTAL EXPENDITURES AND BALANCES(E+F) 19,837,082
(Revised 3/99)
140
III. SCHEDULE OF CHANGE IN DEBT STATUS FOR ROAD,
BRIDGE AND STREET OBLIGATIONS
(show all entries at par value;face amount of issue)
BONDS NOTES
A.BONDS AND NOTES OUTSTANDING BEGINNING OF YEAR
B.AMOUNT ISSUED DURING YEAR(par value)
1.Original issues this year
2.Refunding issues
C.AMOUNT REDEEMED DURING YEAR(par value)
1.From current receipts or reserves
2.From refunding issues
D.BONDS AND NOTES OUTSTANDING END OF YEAR
NOTE:
"* TOTAL RECEIPTS&BALANCES MUST EQUAL TOTAL EXPENDITURES&BALANCES **•
PLEASE GIVE THE NAME AND PHONE NUMBER OF THE PERSON TO CONTACT FOR QUESTIONS REGARDING THE
REPORT.
A� C
NAME Rat-barn Fttrirh
PHONE (970) 356-4000 ext 4445
Revised(3/99)
141 •
WELD COUNTY, COLORADO
LOCAL SOURCES
OTHER (LINE 3)
Interest 14,840
Moving Permits 174,849
Charge for Services 279,667
Other 59,102
5281458
142
Item I I.C.1 b - Payments to City/Town
Town Amount
Ault $4,604
Dacono 5,408
Eaton 10,855
Erie 7,605
Evans 24,711
Firestone 4,739
Fort Lupton 44,393
Frederick 10,703
Garden City 2,310.
Gilcrest 2,417
Greeley 310,425
Grover 224
Hudson 3,705
Johnstown 9,422
Keenseburg 2,338
Kersey 3,704
La Salle 6,142
Lockbuie 2,329
Mead 9,897
Milliken 4,816
Nunn 1,282
Pierce 2,875
Platteville 6,621
Raymer 172
Severance 1,402
Windsor 37,068
Brighton 1,869
Northglen 53
Broomfield 227
Longmont 4,114
Total $526,430
143
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