HomeMy WebLinkAbout981162.tiff COMPREHENSIVE
ANNUAL
FINANCIAL
REPORT
YEAR ENDED DECEMBER 31, 1997
CO VIEW
STATE
Prepared by: OF COLNC
Finance/Accounting
Departments
981162
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1NTRODVCTORY
SECTION
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COLORADO
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TABLE OF CONTENTS
INTRODUCTORY SECTION lagg
Table of Contents
Letter of Transmittal 1
Government Finance Officers Association Certificate 1
of Achievement for Excellence in Financial Reporting 13
Organization Chart 14
Principal County Officials 15
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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
Balance -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 -All Governmental Fund Types 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 54
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COMBINING, INDIVIDUAL FUND AND INDIVIDUAL ACCOUNT GROUP
FINANCIAL STATEMENTS AND SCHEDULES
GENERAL FUND
Balance Sheet 55
Statement of Revenues, Expenditures and Changes in Fund Balance,
Budget and Actual 56
SPECIAL REVENUE FUNDS
Explanations of Individual Funds 61
Combining Balance Sheet 62
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances 64
Public Works Fund - Statement of Revenues, Expenditures and
Changes in Fund Balance, Budget and Actual 66
Social Services Fund - Statement of Revenues, Expenditures and
Changes in Fund Balance, Budget and Actual 68
Conservation Trust Fund - Statement of Revenues, Expenditures
and Changes in Fund Balance, Budget and Actual 70
Contingent Fund - Statement of Revenues, Expenditures and Changes
in Fund Balance, Budget and Actual 71
Emergency Fund- Statement of Revenues, Expenditures and Changes
in Fund Balance, Budget and Actual 72
Public Health Fund - Statement of Revenues, Expenditures and
Changes in Fund Balance, Budget and Actual 73
Human Services Fund- Statement of Revenues, Expenditures
and Changes in Fund Balance, Budget and Actual 74
Solid Waste Fund - Statement of Revenues, Expenditures and Changes
in Fund Balance, Budget and Actual 76
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CAPITAL PROJECTS FUND
Explanation of Individual Fund 77
Balance Sheet 78
Capital Expenditures Fund - Statement of Revenues, Expenditures
and Changes in Fund Balance, Budget and Actual 79
ENTERPRISE FUND
Explanation of Individual Fund 81
Balance Sheet 82
Ambulance Fund - Statement of Revenues, Expenses and Changes
in Retained Earnings, Budget and Actual 83
INTERNAL SERVICE FUNDS
Explanations of Individual Funds 85
Combining Balance Sheet 86
Combining Statement of Revenues, Expenses and Changes in
Retained Earnings 88
Combining Statement of Cash Flows 90
Motor Vehicle Fund - Statement of Revenues, Expenses and
Changes in Retained Earnings, Budget and Actual 92
Health Insurance Fund- Statement of Revenues, Expenses and
Changes in Retained Earnings, Budget and Actual 93
Printing and Supply Fund - Statement of Revenues, Expenses and
Changes in Retained Earnings, Budget and Actual 94
Insurance Fund - Statement of Revenues, Expenses and Changes
in Retained Earnings, Budget and Actual 95
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INTERNAL SERVICE FUNDS (continued):
Phone Service Fund- Statement of Revenues, Expenses and
Changes in Retained Earnings, Budget and Actual 96
Weld Finance Corporation - Statement of Revenues, Expenses and
Changes in Retained Earnings, Budget and Actual 97
TRUST AND AGENCY FUNDS
Explanations of Individual Funds 99
Combining Balance Sheet 100
Statement of Changes in Net Plan Assets-Pension Trust Fund 102
Combining Statement of Revenues, Expenditures and Changes in
Fund Balance - All Expendable Trust Funds 103
Statement of Revenues, Expenses and Changes in Fund Balance-
Nonexpendable Trust Fund 104
Combining Statement of Changes in Assets and Liabilities -
All Agency Funds 105
GENERAL FIXED ASSETS ACCOUNT GROUP
Schedule of General Fixed Assets - By Source 107
Schedule of General Fixed Assets - By Function and Activity 108
Schedule of Changes in General Fixed Assets - By Function and Activity 109
GENERAL LONG-TERM DEBT ACCOUNT GROUP
Schedule of General Long-Term Debt 111
STATISTICAL SECTION
Tables Relating to Bonded Debt 113
General Governmental Expenditures by Function 114
General Revenue by Source 114
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STATISTICAL SECTION (Continued):
Property Value, Construction, Bank Deposits and Other Economic Indicators 116
Property Tax Levies and Collections 117
Assessed and Estimated Actual Value of Taxable Property 117
Property Tax Levies - Direct and Overlapping Governments 118
Special Assessment Collections 119
Computations of Legal Debt Margin 120
Demographic Statistics 121
Principal Taxpayers 122
Miscellaneous Statistics 123
Insurance in Force 125
Salaries and Principal Officials 126
Surety Bond Coverage for Principal Officials 126
Private Purpose Revenue Bonds 127
Computation of Overlapping Bonded Debt - General Obligation Bonds 128
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 129
Independent Auditors' Report on Compliance with Requirements Applicable
to each Major Program and on Internal Control over Compliance
in Accordance with OMB Circular A-133 131
Schedule of Expenditures of Federal Awards 133
Schedule of Findings and Questioned Costs 136
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DEPARTMENT OF FINANCE
AND ADMINISTRATION
PHONE (970) 356-4000, EXT.4218
FAX: (970) 352-0242
O P.O. BOX 758
GREELEY, COLORADO 80632
COLORADO
June 9, 1998
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, 1997, 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 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
Weld County's economy shows few signs of weakening, thus continuing its healthy pace of the last
few years. Unemployment in the county is the lowest since 1979. The strength of the job market
bodes well for the future economic growth and hopefully the success of the new welfare reform
efforts to find employment for welfare clients. Weld County's 1997 unemployment rate was below
the national average at 3.1%. There are reports in the county that the tight labor market is making
it difficult for businesses to hire qualified workers.
Companies continue to come to Weld County and many here are announcing expansions. StarTek
announced expansion in Greeley, as well as Dovatron, a manufacturer of circuit boards, announced
plans to add 100 employees in the next six months. Applied Films is moving 300 employees into
Weld County from Boulder County with plans to add an additional 150-200 jobs in the near future.
Metal Sales Manufacturing, located in southwestern Weld County, has an employment level of
nearly 100. According to the Economic Development Action Partnership, Weld County has
averaged over 1,000 newly created primary sector jobs annually over the last four years from new
and expanding firms.
Construction activity continues to expand in Weld County. Greeley's construction activity is
dominated by residential growth. Commercial construction has slowed this last year, but it is still
brisk in many parts of the county, especially along the 1-25 corridor. The average price of housing
in Weld County remains well below other Colorado Front Range counties, especially in the
$100,000 to$150,000 housing market, thus making Weld County one of the most affordable places
to live in the area.
The agricultural economy in Weld County is strong even with many crop prices being lower than
last year. Beef prices have rebounded from last year, but remain low due to over supply.
Agriculture still plays a major role in the Weld County economy, even with its economic
diversification. In addition, the oil and gas industry is a major factor in the local economy with over
12,000 producing oil and gas wells in Weld County.
Overall the future of Weld County's economy is very bright with expectation of remaining strong
through the remainder of this decade.
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MAJOR INITIATIVES
For the Year In 1997 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 1997:
> Installed new Retirement Management System.
> Completed construction of a new county jail with 160-inmate capacity.
> Opened new jail in last quarter of 1997.
> Completed installation of new Assessor/Treasurer systems.
> Implemented community-oriented policing program in Sheriffs Office.
> Signed Intergovernmental Agreements to adopt standards for implementation of the I-25
Mixed Use Development Plan for southwest Weld County.
> Adopted plan and strategy to implement the Geographical Information System (GIS).
> Acquired a tower and building for communications back-up system.
> Began the implementation of welfare reform in Weld County on July 1, 1997.
> Converted Social Services Merit System employees to the county's personnel system on
July 16, 1997.
> Began construction of the Social Services, Health, and Public Works buildings to eliminate
all leased facilities.
> Board funded Pest and Weed at an increased funding level to provide for more roadside
spraying and landowner weed enforcement to match Weed Ordinance policies.
FOR THE FUTURE
As Weld County looks to 1998, a number of significant changes will be in focus for the Board and
staff to meet the needs of the county.
The passage of State Constitutional Amendment One (TABOR) will continue to have a significant
impact on the future of Weld County government. The tax, revenue, and spending limitation will
constrain many of the fiscal options historically available to Weld County. The provision allowing
the return of unfunded state mandates to the state over a three year period was not upheld by the
'courts; thereby requiring counties to continue to provide social services and court facilities with
limited control over the growth in costs of these programs. The 1998 budget has been developed
within the limitations of Amendment One with the Social Services mandated costs included.
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Welfare reform and Electronic Benefit Transfer (EBT) will have significant impact on the county
during 1998. Client eligibility, program design, state rules, allocation methods, and funding levels,
are some of the major changes that will occur. In addition, EBT will change the method with 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 will be made to help
clients find employment as opposed to granting them a welfare payment. A federal time limit will
take effect for most clients.
Social Services will begin to use EBT in 1998. Distribution of grants and provider payments will be
handled by a state contractor. Clients will receive their benefits at automated teller machines and
at point of sale terminals. The department's providers of services, such as foster care and day
care, will receive payment directly in their bank account. The department will no longer receive
advance payments for most programs. Instead they will receive a monthly bill from the state or an
adjustment to administrative advances. This change will affect the cash balance for the department
and the interest earned for funds on deposit.
The continued growth of the jail inmate population will result in significant expenditures in this area
in 1998. The total added costs to open the new 160 bed facility will be over$1,800,000 in the 1998
fiscal year. The Weld County Jail was constructed in 1978 and has been remodeled three times
to increase the capacity to 294 beds as of 1994. Jail population due to mandatory incarceration,
population growth, backlog of state inmates into the county jail, and stiffer sentencing practices are
causing the jail population to grow each year. Although alternative jail programs are being
developed there will be no relief in the growth rate of inmates in the immediate future.
The additional jail complex was constructed in the Weld County Business Park. The total project
of approximately 211,355 square feet will be constructed in phases with the first phase being
approximately 125,775 square feet and the remaining phases over a 20-30 year period. Portions
of Phase One were completed in 1997 and include the core support facilities and one pod to house
160 additional inmates. Each additional phase would be in increments of 160 beds.
The current facility will continue to be operated as a pre-trial and maximum security facility. The
new facility will start out as only minimum security and move to medium security in later phases.
The entire site has been developed in 1996-97, along with construction of portions of Phase One.
It is recommended that the county reserve $4,350,000 in additional resources in the five-year plan
for funding of additional phases of bed space.
The new Denver International Airport was opened in 1995 and will significantly impact Weld County
over time. The site of the new airport is less than 15 miles from the southern border of Weld
County. The spin-off growth from the airport is expected to positively impact Weld County from
Greeley south. The county is positioning itself to deal with this growth as it impacts land use,
transportation, human service requirements, and economic development.
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In 1996 the Board committed to the development of a Geographical Information System (GIS) for
Weld County. In 1997 a GIS Implementation Plan was developed and approved by the Board. A
major part of the implementation plan is the control for planimetric and topographic mapping to
support development of the orthophotography and to register parcel data. The cost to do the
urbanized areas in 1998 is budgeted at$750,000. Further expansion of this area and effort will be
dependent upon available resources and need in the future. The bulk of the costs for this effort are
one time and with updates periodically every 5 to 10 years. The base operational costs will not
include the $750,000 In future years. The GIS will give much needed management information with
spatial and descriptive data about attributes of Weld County.
Department Focus: Three years ago an extensive search was done to find a new financial
management system and human resource system that will run in the new client/server computer
environment. After reviewing several packages for each of the systems the county selected the
BANNER Financial system and the PeopleSoft human resources system. The implementation
process of both systems started in 1995 with full implementation on January 1, 1996. The systems
are open system architecture running on a IBM RISC 6000, operate on an Oracle relational data
base management system, have query management facilities, graphic presentation and
upload/download capabilities. The two systems will be integrated and networked to all user
departments through a wide area network system. In 1997 the completion of the first-year audit
of the new systems took place with both passing the audit with flying colors.
Program changes for 1998 involve the following:
> First full year of operation of the new county jail.
> Continue program of a Drug Task Force in conjunction with the municipalities in Weld
County (Sheriff).
> Reconstruct the following major bridge: 5/42A.
> Implement Geographical Information System in 1998.
> Continue initiatives associated with the "Reinventing Weld County Government" project.
> Complete development of a backup site for communications center.
> Respond to federal welfare reform and its impact on Weld County programs.
> Implement, in conjunction with the state, the Electronic Benefit Transfer Payment System.
> Expand the service level of the household hazardous materials program and cleanup
program.
> Implement the 1-25 Mixed Use Development Plan and development standards in the
Intergovernmental Agreement between the county, Dacono, Firestone, and Frederick.
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> Hold the first general election with the new Accuvote System.
> Implement emergency medical dispatch system.
> Fund the runway expansion at the Airport and new terminal building.
> Construct new Public Works and Health buildings.
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, 1997, 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.
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Honorable Board of Commissioners
As demonstrated by the statements and schedules included in the financial section of this report,
the government continues to meet its responsibility for sound financial management. All dollar
amounts presented in tables in the remainder of this letter are expressed in thousands.
GENERAL GOVERNMENT FUNCTIONS
Revenue for general government functions including General, Special Revenue, Capital Projects
and Expendable Trust Funds totaled $99,637,101 in 1997, an increase of 14.4% over 1996.
General property taxes and specific ownership taxes produced 32% of total revenue, down 4%
from 1996. The amount of revenue from various sources and the changes from 1996 are shown
in the following tabulation:
Increase
Amount Percent (Decrease)
Revenue Sources (In Thousands) of Total from 1996
Taxes $ 31,864.78 32.0% $ 550.98
Licenses and Permits 1,134.38 1.1 126.98
Intergovernmental Revenue 45,660.93 45.8 2,537.13
Charges for Services 5,784.70 5.8 846.70
Fines and Forfeitures 23.30 0.0 (1.00)
Miscellaneous Revenue 12,271.41 12.3 8,357.71
Fees 2.897.60 3.0 135.20
Total $ 99.637.10 100.0% $12.552.70
The mill levy was unchanged from the prior year at 22.038 mills for 1997 under the limitations of
State Constitutional Amendment One (TABOR) passed November 3, 1992. The assessed value
for 1997 was $1,327,107,995, which was down $16.7 million, or 1.26% from last year. The
decrease was almost totally attributed to oil and gas assessments being down $76.5 million. The
decline is in pricing of the production, not in volume. The decreases were offset by increases in
other areas. The increases were primarily attributed to increased commercial/industrial property
of$30.8 million, residential property of$17.7 million, state-assessed property of$17.0 million, and
agricultural properties of$2.7 million.
Current tax collections were 98.62% of the tax levy, down 0.85% from 1996. Delinquent tax
collections were $91,804, compared with $121,172 in 1996.
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Honorable Board of Commissioners
Allocations of property tax by purpose for 1996 and 1997 are shown as follows:
1997 1996
Purpose Mills Mills
General Fund 14.447 13.333
Special Revenue Funds 4.746 7.199
Capital Project Fund 2.431 1.097
Intergovernmental Service Funds .414 .409
Total Tax Rate 22.030 22.038
Intergovernmental Revenue represented 45.8% of total general governmental revenue, compared
with 49.5% for 1996. Social Service programs account for 49.3% 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 $90,418,723, an increase of 2.6% from 1996.
Changes in levels of expenditures for major functions of the county over 1996 are shown in the
following tabulation:
Increase
Amount Percent (Decrease)
Expenditure Purpose (In Thousands) of Total from 1996
Current Operating:
General Government $ 12,174.65 13.5% $ 226.65
Public Safety 15,080.98 16.7 821.28
Public Works 16,287.12 18.0 2,512.02
Public Health & Welfare 30,211.71 33.4 (1,744.69)
Culture & Recreation 655.57 0.7 363.37
Economic Assistance 7,503.92 8.3 733.02
Capital Outlay 6,574.29 7.3 497.19
Debt Service 289.36 0.3 181.36
Intergovernmental 486.37 0.5 (72.93)
Miscellaneous 1.154.75 1.3 (1.175.55)
Total $ 90,418.72 10 .0°/ $ 2.341.72
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Honorable Board of Commissioners
The major factors impacting 1997 range 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 1997 was the construction and 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 at a rate of 50 inmates per year. Although alternative jail
programs are being developed there will be no relief in the growth rate of inmates in the immediate
future.
General government functions were up, primarily due to utilities in Buildings and Grounds, building
rents, and the added maintenance costs for the new jail opening the last quarter of the year.
Another major increase in costs was the operation of the additional 160-bed jail at a cost of
$779,414. This included the phasing in of 18 FTE staff members for the facility with all being
trained and operational in the last quarter of 1997. An additional $1,000,000 was added to fund
the new jail in 1998, for a total of$1,800,000. The budget included $100,000 in computer services
for development of a Geographical Information System (GIS)in conjunction with a$200,000 energy
impact assistance grant in 1997. Public safety continued to be a growing area with total increases
of$1,493,560, including the $779,414 for the new jail. The Sheriff, District Attorney, Coroner, and
emergency dispatch represented the bulk of the increases. Funding for the airport master plan
development was budgeted at $200,000, which was up $150,000 over last year. A salary
adjustment of 4% was included in the budget at a cost of $700,957. Other budget items are
relatively stable.
Licenses and permits are up only slightly. Intergovernmental revenues are up over $2.5 million,
primarily in community corrections grants, social services, Highway User Trust Fund taxes, and
grants for airport road access. Charges for services are up $846,700 primarily in Community
Correction, Information Services, and Elections. Interest income was up in 1997. Clerk and
Recording fees were up over$200,000 over last year. Other revenues were unchanged.
Public Assistance in the Social Services Fund was stable for 1997, up only 1.5%. Welfare Reform
at the federal level impacted this budget significantly programmatically in 1997, but not fiscally.
Human Service JOBS programs were impacted positively by the Governor's initiative to implement
a Workforce Development System in Colorado. The program calls for many of the program
components Weld County used successfully in the 1980's with its Welfare Diversion Program, and
is consistent with the county's Job Service approach.
Public Works in the road and bridge area was funded at an all-time high of over $16 million. This
is a result of increased Highway Users Trust Fund revenues and three bridge grants.
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Honorable Board of Commissioners
FUND BALANCE
Total fund balance and fund equity in the major operating funds were maintained at adequate
levels. The General Fund balance of $2,531,547 was up $1,716,374 from last year. The
$18,119,287 balance in the Special Revenue Funds was up from the previous year by 17%.
Enterprise Operations: The county's enterprise operation is comprised of the Ambulance Service
Fund. The Ambulance Service is a countywide advanced life support emergency medical service.
The program is primarily supported by fees with a subsidy from the County of indirect support costs
only. The operation answered over 7,500 calls in 1997 and generated revenue of$ 3,497,309.
Pension Trust Fund Operations: The operations of the Weld County Retirement Plan remained
stable in 1997. The January 1, 1997, 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$4,034,965. 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 remining amortization period at December 31, 1997, was 29 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 1997 were for the new Weld County jail facility,
Social Services building, and the initial planning for the 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, 1997, the General Fixed Assets of the County amounted to
$41,556,176. 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 1997 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-four 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
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$8,800,347 for the construction of the new jail and north administrative buildings. The
lease/purchase agreement for the Human Services building was paid off in 1997.
Cash Management: Cash temporarily idle during the year was invested in time deposits ranging
up to 180 days to maturity. Interest earned on investments of cash held by the County Treasurer
was recorded as revenue in the General Fund, with the exception of interest attributed to the
Insurance Fund, Health Insurance Fund, Capital Expenditure Fund, Conservation Trust Fund,
Housing Authority Fund, Ambulance Enterprise Fund, and the interest earned on certain deposits
held for other taxing authorities. The amount of interest earned was $1,878,296 in 1997.
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
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, 1997, 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 Manaaement: During 1997 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 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, 1996. 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.
11
981162
Honorable Board of Commissioners
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 1996 annual appropriated budget for the twelfth 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.
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 1997 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, 1997. 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.
Respectfully submiitttee 414
Donald D. Warden, Director
Finance and Administration
DDW/ch
12 981162
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, 1996
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.
sox jr "ekunit
i MB PARS +AL, 1 L-
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Gm Presi0CAS yr,dent
f1,0 SEAL gT
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Executive Director
13 981162
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14 981162
COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31, 1997
Board of County Commissioners
Constance Harbert
W. H. Webster
Dale Hall
BarbKirkmeyer
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
15 981162
FINANCIAL
S£CT10N
fliRt.
COLORADO
981162
IKOSMICKI DOLLARH1llEj
CERTIFIED PUBLIC A CC DUNTA NTS
• PARTNERS
INDEPENDENT AUDITORS' REPORT John C. Doliarhide
Michael J. Frick
Susan A. Gapter
Nicholas G. Kosmickl
Board of County Commissioners Marcia L. Siebring
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, 1997, 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, 1997, 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
22, 1998, 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. • ;liethja1�
May 22, 1998
1901 56th Avenue, Suite 200 / Greeley, CO 80634-2950 / 970-330-8860 / Denver 303-825-1752 / Fax 970-330-6680
17 981162
GEN£1tAt PVRPOS£
FINANCIAL
STATEMENTS
Mae
COLORADO
991.162
COUNTY OF WELD
STATE OF COLORADO
Combined Balance Sheet - All Fund Types. Account Groups and
Descretely Presented Component Unit
December 31. 1997
(With comparative totals for December 31, 1996)
Proprietary
Governmental Fund Type Fund Type
Special Capital Enterprise Internal
General Revenue Projects Fund Service
ASSETS
Cash and short-term investments $ 3.422.445 $ 16.033.637 $ 5,574,103 $ 346,687 $ 2,546.735
Receivables
(net of allowance for uncollectibles):
Current property taxes 23,728.310 4,929,276 2.875,000 0 1.010.756
Delinquent property taxes 44.208 23.712 3.698 0 1.357
Accounts 480.381 1,752.193 0 492.679 19,849
Special assessment 0 189.329 0 0 0
Due from other County funds 493.971 202,806 0 0 130,809
Due from other governmental units 204.912 1.938.917 0 0 0
Inventories 100,991 1.134,772 0 0 14.116
Restricted Assets
Cash 0 0 0 0 0
Retirement plan investments 0 0 0 0 0
Deferred compensation plan investm 0 0 0 0 0
Other assets 38.150 22.820 0 745 77,873
Land 0 0 0 48.496 1.336,267
Improvements other than buildings 0 0 0 21,461 261.313
Buildings 0 0 0 648.234 11.974,342
Machinery and equipment 0 0 0 817.542 15.861.627
Accumulated depreciation 0 0 0 (570,519) (11,316.693)
Amounts to be provided for retirement
of general long-term debt 0 0 0 0 0
Total Assets $ 28.513.368 $ 26.227.462 $ 8.452.801 $ 1.805,325 $ 21,918,351
LIABILITIES. FUND EQUITY & OTHER CREDITS
Liabilities:
Accounts payable $ 723,965 $ 834.099 $ 509,778 $ 28,723 $ 133.538
Due to other County funds 88.248 639.264 0 5.278 13,580
Due to other governments 0 14.978 0 0 0
Accrued liabilities 762,310 678.386 0 143.778 240.252
Other liabilities 0 44.554 0 0 0
Deferred revenue 24.134.759 5.896.894 2.878.698 0 1.012,113
Unexpended grant revenue 272,539 0 0 0 0
Payable from restricted assets
Deferred compensation 0 - 0 0 0 0
Long term debt 0 0 0 0 8.800.347
Total Liabilities 25,981,821 8.108.175 3.388.476 177.779 10.199.830
Other Credits:
Investment in general fixed assets 0 0 0 0 0
Fund Equity:
Contributed capital 0 0 0 107.523 8.263.604
Unreserved retained earnings 0 0 0 1,520.023 3.454,917
Fund Balances:
Reserved 478.029 5.044.003 1.263,088 0 0
Reserved for employees pension benefits 0 0 0 0 0
Unreserved:
Designated for future year's expenditure 120,293 6.390.000 3.575.000 0 0
Undesignated 1,933.225 6,685.284 226.237 0 0
Total Fund Equity and Other Credits 2.531.547 18.119.287 5.064.325 1.627.546 11.718.521
Total Liabilities. Fund Equity
and Other Credits $ 28.513.368 $ 26.227.462 $ 8,452.801 $ 1.805.325 $ 21.918.351
(See Notes to Financial Statements)
20 981162
Fiduciary
Fund Type Account Groups Primary Government Component Unit
Memorandum Totals Housing Authority
Trust and General General Long
Agency Fixed Assets Term Debt 1997 1996 1997 1996
$ 4.911.048 $ 0 $ 0 $ 32.834.655 S 26.446,642 $ 500,883 $ 295.335
32.543.342 29.246.805 0 0
72,975 95.596 0 0
17.26 2,762.362 2,653.645 28.094 16,924
189,329 235.343 0 0
7.52 835,109 3.032.976 0 0
2.143.829 1.384.620 100.000 100.000
1.249.879 3.255.898 0 0
488.73 488.734 998.120 0 0
64.844.39 64,844.390 54.307.408 0 0
2.878.22 2.878.226 2.326,058 0 0
180.06 319.654 212,756 54.480 109,139
2.561.99 3,946.760 3,947.161 0 0
3.130.10 3.412.882 3.049.021 0 0
26.524.34 39.146.920 34.645.749 0 0
9.339.72 26.018.896 23.630.992 0 0
(11.887.212) (10,971.716) 0 0
1.247.54 1.247,544 1,308.558 0 0
$ 73.327,24 $ 41.556,17 $ 1,247.54 $ 203,048.274 $ 179.805.632 S 683.457 $ 521,398
$ 444.191 $ $ 0 $ 2.674.294 $ 5.708.006 $ 233.007 $ 5.254
80.239 0 826.609 3.032.564 8.500 412
4.452.301 0 4.467.279 4.503,852 0 0
0 1.237.544 3.062.270 3,085.762 4,942 5.130
0 0 44.554 46.911 0 0
0 0 33,922.464 30.554.381 6.427 82.508
0 0 272.539 2.410.860 0 0
2.878.226 0 2.878.226 2.326.058 0 0
0 10.000 8.810.347 1.583.377 0 0
7.854.957 1.247.544 56.958.582 53.251,771 252.876 93.304
0 41.556,176 0 41,556.176 41.864.789 0 0
0 0 0 8.371,127 8,173.244 0 0
0 0 0 4.974.940 4.900.008 0 0
0 0 0 6.785,120 8.851.065 54.460 109.139
56.148.086 0 0 56.148.086 42,547.960 0 0
0 0 0 10.085,293 4,040.409 0 0
9.324,204 0 0 18.168,950 16,156,386 376.121 318,955
65,472.290 41.556.176 0 146.089.692 126.533.861 430.581 428.094
S 73.327.247 $ 41.556.176 S 1,247,544 $ 203.048,274 $ 179.785,632 $ 683,457 $ 521.398
21 981162
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, 1997
(With comparative totals for the fiscal year ended December 31. 1996)
Governmental Fund Type
Special Capital
General Revenue Projects
REVENUES
Taxes $ 19,197.642 $ 9,450.753 $ 3,216.387
Licenses and permits 801,028 333,352
Intergovernmental 4.986,207 40.649.725 25.000
Fines and forfeitures 23.301 0
Miscellaneous 4.301.672 429,101 7.298.825
Fees 2.897,598 0
Charges for services 2,379.641 3,405.056 0
_ 0
Total Revenues 34.587,089 54.267.987 10.540,212
EXPENDITURES
Current:
General government 12.174.652 0
Public safety 15.080.985 0
Public works 0 0
Public health and welfare 918.460 15.368.664 0
1,690.316 28.565.256 0
Culture and recreation 90,316 565.256
Economic assistance 0
Miscellaneous 0 7,115.134 0
797.351 115.134 3
Capital outlay
806,672 205.167 5,562,453
Debt service 289,363
Intergovernmental 0 486.365 0
0
Total Expenditures 31.767.958 52,846,050 5.562,453
Excess (Deficiency) of Revenues
Over (Under) Expenditures 2,819.131 - 1.421.937 4,977,759
Other Financing Sources (Uses):
Operating transfers - in 117.863 1,702.725
Operating transfers - out 0
(1.220.620) (487.643) 0
Total Other Financing Sources (Use (1.102.757) 1.215.082 0
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses 1,716.374 2.637,019 4,977,759
Fund Balances at Beginning of Year 815,173 15.482,268
86.566
Fund Balances at End of Year $ 2,531,547 $ 18.119.287 $ 5.064.325
(See Notes to Financial Statements)
22 991162
Fiduciary
Fund Type Primary Government Component Unit
Memorandum Totals Housing Authority
Expendable
Trust 1997 1996 1997 1996
$ 0 $ 31.864,782 $ 31.314.756 $ 0 $ 0
0 1,134.380 1.007.453 0 0
0 45.660,932 43,123,798 1,942.599 2,097.159
0 23.301 24,345 0 0
241.813 12.271.411 3.913.650 18.633 39,276
0 2.897.598 2.762.388 0 0
0 5.784.697 4.938.013 0 0
241.813 99,637,101 87.084,403 1.961.232 2.136.435
12.174.652 11.947.971
15.080.985 14.259.703
16.287.124 13.775.099
30.211.705 31.956.369
655.572 292,177
7.503.918 6.770,891 1.958.74 2.091,66
242.26 1.154.747 2,330.382
6.574.292 6.077.085 2.09
289.363 107.963
486.365 559,388
242,26 90.418,723 88.077.028 1,958,74 2.093,76
(449) 9.218.378 (992.625) 2.487 42.675
0 1.820.588 1.495.370 0 0
0 (1.708,263) (1.495.370) 0 0
0 112.325 0 0 0
(449) 9,330.703 (992.625) 2,487 42,675
474 16.384.481 17,377,106 428.094 385.419
$ 25 $ 25.715,184 $ 16.384.481 $ 430.581 $ 428.094
981162
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 Project Funds
For the fiscal year ended December 31. 1997
General
Variance
Favorable
Budget Actual (Unfavorable)
REVENUES
Taxes $ 19.274.370 $ 19.197.642 $ (76.728)
Licenses and permits 762,036 801.028 38.992
Intergovernmental 4.670.997 4.986.207 315,210
Fines and forfeitures 47.500 23.301 (24.199)
Miscellaneous 4.161.022 4,301.672 140.650
Fees 2.700.300 2.897.598 197,298
Charges for services 2.153.612 2.379.641 226.029
Total Revenues 33.769.837 34.587.089 817,252
EXPENDITURES
Current:
General government 11.984.700 12.174.652 (189.952)
Public safety 15,343.669 15.080.985 262.684
Public works 926.800 918.460 8.340
Public health and welfare 1.654.076 1,610.159 43.917
Culture and recreation 58.661 90.316 (31.655)
Economic assistance 0 0 0
Miscellaneous 1.131.864 797.351 334.513
Capital outlay 1.204.427 806.672 397,755
Debt service 160.311 289.363 (129,052)
Intergovernmental 0 0 0
Total Expenditures 32.464.508 31.767.958 696.550
Excess of Revenues
Over (Under) Expenditures 1.305.329 2.819,131 1.513.802
Other Financing Sources (Uses):
Operating transfers - in 0 117.863 117.863
Operating transfers - out (1.215.082) (1,220.620) (5.538)
Total Other Financing Sources (1.215.082) (1.102.757) 112,325
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses 90.247 1.716.374 1.626.127
Fund Balances at Beginning of Year 815.173 815.173 0
Fund Balances at End of Year $ 905.420 $ 2.531.547 $ 1.626.127
(See Notes to Financial Statements)
9911.62
24
Special Revenue Capital Projects
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
S 8,897.435 $ 9.450,753 $ 553,318 $ 3,226.000 $ 3.216,387 $ (9,613)
341.900 333.352 (8,548) 0 0 0
50.386.742 40.649.725 (9.737.017) 250.000 25.000 (225.000)
0 0 0 0 0 0
414.881 429.101 14,220 7.245,000 7.298,825 53.825
0 0 0 0 0 0
3.339,396 3.405.056 65.660 0 0 0
63.380,354 54.267.987 (9,112.367) 10.721,000 10.540.212 (180.788)
0 0 0 0
0 0 0 0
19,865.400 15.368.664 4.496.736 0
39.449.590 28,601.546 10.848,044 0
573.873 565.256 8,617 0
8.326.685 7.503.918 822.767 0
3.246.357 115.134 3.131.223 0
394.371 205.167 189.204 14.360,43 5,562.45 8.797.985
0 0 0 0
487.712 486.365 1.347 0
72.343,988 52,846.050 19.497.938 14,360.43 5.562,45 8,797.985
(8.963.634) 1.421.937 10.385.571 (3.639.438) 4.977.759 8.617,197
1.607.040 1.702.725 95.685 0 0 0
(487.643) (487,643) 0 0 0 0
1.119.397 1.215.082 95.685 0 0 0
(7.844,237) 2.637,019 10.481.256 (3.639.438) 4,977,759 8.617.197
15.482.268 15.482,268 0 86.566 86,566 0
$ 7,638.031 $ 18.119,287 $ 10.481,256 $ (3,552,872) $ 5.064.325 $ 8.617.197
25 981162
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, 1997
(With comparative totals for the fiscal year ended December 31, 1996)
Fiduciary
Proprietary Fund Type Fund Type Memorandum Totals
Internal Non-
Enterprise Service Expendable
Fund Fund Trust Fund 1997 1996
OPERATING REVENUES
Earnings on investments $ 0 2 0 $ 1.592 $ 1.592 $ 1.452
Contributions 0 169.827 0 169.827 214.875
Charges for services 3.497.309 4.763,524 0 8.260.833 7.724.048
Total Operating Revenues 3.497.309 4.933.351 1.592 8,432,252 7.940.375
OPERATING EXPENSES
Personnel services 1,578.268 110.308 0 1.688.576 1,429,652
Supplies 138.259 492,254 0 630.513 694,989
Purchased services 601.324 2,153.577 0 2.754.901 2,248,067
Insurance and bonds 0 117.506 0 117,506 14.811
Depreciation 169.137 1.637.141 0 1.806.278 1.702.987
Other 201.570 139.388 0 340.958 754,030
Claims 0 527,675 0 527.675 916.399
Bad debt expense 1,067,316
0 0 1.067.316 569.848
Total Operating Expenses 3,755.874 5.177.849 0 8.933.723 8,330.783
Operating Income (Loss) (258.565) (244.498) 1.592 (501,471) (390.408)
NONOPERATING REVENUES (EXPENSES)
Taxes 0 547,993 0 547.993 550.225
Intergovernmental 12.391
Miscellaneous 2 0 12.391 76,439
15.816 98.462 0 114.278 85.387
Fees 0 0 0 0 1.327
Gain on disposition of assets 2.400 166,707 0 169.107 71,627
Judgements and damages 0 62.379 0 62,379 97.957
Interest 0 (333.691) 0 (333.691) (111.660)
Total Nonoperating Revenues (Expenses) 30.607 541.850 0 572.457 771,302
Income (Loss) Before Operating Transfers (227.958) 297,352 1,592 70.986 380.894
Operating Transfers:
Operating transfers • in 0 5.538 0 5,538 0
Total Operating Transfers In (Out) 0 5.538 0 5.538 0
Net Income (Loss) (227.958) 302,890 1.592 76.524 380.894
Retained Earnings/Fund Balance
at Beginning of Year 1.747,981 3.152.027 2.617 4.902.625 4,521,731
Retained Earnings/Fund Balance
at End of Year $ 1,520.023 $ 3.454.917 $ 4.209 $ 4.979.149 $ 4.902.625
(See Notes to Financial Statements)
26 9.911.62
COUNTY OF WELD
STATE OF COLORADO
Combined Statement of Changes in Plan Net Assets
Pension Trust Fund
For the fiscal year ended December 31. 1997
(With comparative totals for the fiscal year ended December 31. 1996)
Weld County Retirement Plan
1997 1996
Additions:
Employer contributions $ 1.401.428 $ 1,289,583
Employees contributions 1.674.659 1,641,119
Earnings on investments 8.437,304 3.869,043
Net appreciation in fair market
value of investments 1.346.316 2.001.487
Total Additions 12.859.707 8.801.232
Deductions:
Actuarial/trustee fees 197.241 328.798
Benefit payments 2.396.848 2.366.659
Supplies 6.284 10.000
Total Deductions 2.600.373 2.705.457
Increase in net assets 10.259.334 6.095.775
Net assets held in trust for pension benefits
Beginning of the year 55.208.722 49.112.947
End of the year $ 65.468,056 $ 55.208.722
(See Notes to Financial Statements)
981162
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. 1997
Proprietary Fund Type Nonexpendable Memorandum
Enterprise Internal Trust Total
Fund Service Fund 1997
CASH FLOWS FROM OPERATING ACTIVITIES
Operating income (loss) E (758 565) E (244 498) $ 1 597 $ (501 471)
Adjustments to reconcile operating income (loss)
to net cash provided by operating activities:
Depreciation 169,137 1.637.141 0 1.806.278
Miscellaneous Revenue 30.607 108.238 0 138,845
Change in assets and liabilities:
(Increase) decrease in accounts receivable 297,458 (495.409) 50 (197.904)
(Increase) decrease in inventory 0 124,159 0 124.159
(Increase) decrease in other assets (745) 254.329 0 253.584
Increase (decrease) in accounts payable 18,211 (160,632) 12.986 (129.435)
Increase (decrease) in accrued liabilities 20.381 (100.875) 0 ( 80.494)
Increase (decrease) in other liabilities (5 310) 58 575 0 53 265
Total adjustments 529 739 1 425_57 13 036 1 968 301
Net cash provided by operating activities: 271.174 1 181 028 14 628 1 466 830
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Taxes 0 547.993 0 547.993
Cash transfers 0 (110.864) 0 (110 864)
Net cash provided (used) for non capital
Financing activities 0 437 129 0 437 129
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES:
Interest paid on borrowings 0 (333.691) 0 (333.691)
Proceeds from sale of capital assets 0 303.117 0 303.117
Acquisition of capital assets (8.355) (8.265.700) 0 (8.274.055)
Proceeds from issuance of long-term debt 0 7.405.782 0 7.405.782
Principal paid on long-term debt 0 (188 813) 0 (188 813)
Net cash used for capital and related
financing activities (8 355) (1 079.305) 0 (1 087 660)
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest on investments 0 57 603 0 52 603
Net Increase in Cash and Cash Equivalents 262.819 591.455 14.628 868.902
Cash and Cash Equivalents at Beginning of Year 83 868 1 955_78Q 36 6Z1 2 075.769
Cash and Cash Equivalents at End of Year E 346 687 E 2,546 735 $ 51 249 S 2 944 671
Reconciliation to Balance Sheet:
Cash and Cash Equivalents at end of year 346,687 2.546.735 51.249 2.944.671
Other Trust and Agency Funds 0 0 4 859 799 4 859 799
Per Balance Sheet $ 346 687 $ 2 546 735 $ 4 911 048 $ 7 804 470
NONCASH TRANSACTIONS AFFECTING FINANCIAL POSITION:
Disposition of contributed fixed assets $ 0 S 136.114 $ 0 $ 136.114
Contribution of fixed assets 0 (333,997) 0 (333.997)
Net change in contributed capital 0 197 883 0 197 883
Net effect of noncash transactions $ 0 $ 0 $ 0 $ 0
(See Notes to Financial Statements)
991.162
28
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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 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,
and exists solely to acquire real estate and construct buildings
for lease to the County and others. The Board of County
29
981162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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
Weld County Basswood Avenue #1990-2
Weld County 83rd Ave #1991-1
Weld County Roads 15 & 84 #1991-2
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 5W 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
30
981162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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.
The purposes of the ("APP 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
31 991162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
net current assets. Accordingly, these funds are said to present
a summary of sources and uses of "available spendable resources"
during a period.
General Fund:
The General Fund accounts for all financial transactions of
the County that are not properly accounted for in other funds.
Ordinary operations of the County such as public safety,
County administration and other activities financed from taxes
and general revenue are reflected in this fund.
Special Revenue Funds:
Special Revenue Funds are established to account for taxes or
other earmarked revenue of the County which finance specified
activities as required by law or administrative action.
Capital Projects Funds:
Capital Projects Funds are established to account for
financial resources used for the acquisition or improvement of
the capital facilities of the County.
Proprietary Fund Types:
All proprietary funds are accounted for on a flow of economic
resources measurement focus. This means that all assets and all
liabilities (whether current or non-current) associated with the
fund's activity are included on the balance sheet. Fund equity (net
total assets) is segregated into contributed capital and retained
earnings components. Proprietary fund type operating statements
present increases (revenue) and decreases (expenses) in net total
assets. The County applies applicable FASB pronouncements issued on
or before November 30, 1989, in accounting and reporting for its
proprietary operations.
Enterprise Fund:
Enterprise Funds are used to account for operations where the
intent of the County is that the costs or services to the
general public on a continuing basis be financed or recovered
primarily through user charges.
Internal Service Funds:
Internal Service Funds are established to account for goods
and services provided to other departments of the County on a
cost-reimbursement basis.
32
99i 1.62
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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:
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.
33 981162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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
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.
34 9911.62
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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 1997, two supplemental appropriation ordinances were
enacted, which brought the total budget from the original
appropriation of $104,205,239 to $126,368,445. 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 6, 1996 and are collected
in 1997 in either two installments or one full payment as follows:
The first billing is mailed January 15 and is due by February 28,
(half installment) or a full payment by April 30. The second
billing is mailed May 15, and is due by June 15, (second
installment) . The bill becomes delinquent on March 1, May 1, and
June 16 and penalties and interest may be assessed by the County.
The County, through the Weld County Treasurer, bills and collects
its own property taxes as well as property taxes for all school
districts, cities and towns, and special districts located within
the County. In accordance with Section 14-7 of the Weld County
Home Rule Charter, all ad valorem tax levies for County purposes,
when applied to the total valuation for assessment of the County,
shall be reduced so as to prohibit the levying of a greater amount
of tax revenue than was levied from ad valorem taxation in the
preceding year plus five per cent (5%) , except to provide for the
payment of bonds and interest. The Board of County Commissioners
may submit the question of an increased levy to the County Council
and, if in the opinion of a majority of the County Council the
County is in need of additional funds, the Council may grant an
increased levy for the County in such amount as it deems
appropriate, and the County is authorized to make such increased
levy.
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.
35
981162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
The original January 1, 1997 levies for the applicable funds of the
County are as follows:
mills Amount
General Fund 14 .447 $ 19,173,370
Road and Bridge 1.608 2,133,587
Social Services Fund 3.138 4, 163, 848
Capital Expenditures Fund 2.431 3,226, 000
Insurance Fund .414 550. 000
TOTAL 22 .038 5 29,246. 80
Investments:
Investments are stated at cost or amortized cost subject to
adjustment for market declines judged to be other than temporary,
except investments of the Deferred Compensation Fund and Weld
County Retirement Fund, which are stated at market value.
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.
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.
36
991.1 62
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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
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.
37
951162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
Sick Leave and Vacation Pay:
Accrued sick leave for the governmental funds is accounted for in
the General Long-Term Debt Account Group, with the exception of
Social Services Fund, for which no liability is recognized because
sick leave does not vest. 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 are accrued in the proprietary fund types
when earned.
Long-term Obligations:
Long-term debt is recognized as a liability of a governmental fund
when due. For other long-term obligations, only that portion
expected to be financed from expendable available financial
resources is reported as a fund liability of a governmental fund.
The remaining portion of such obligations is reported in the
General Long-Term Debt Account Group. Long-term liabilities
expected to be financed from proprietary fund operations are
accounted for in those funds.
Fund Equity:
Contributed capital is recorded in proprietary funds that have
received capital grants or contributions from developers, customers
or other funds. Reserves represent those portions of fund equity
not appropriable for expenditure or legally segregated for a
specific future use. Designated fund balances represent tentative
plans for future use of financial resources.
Reserves for the County of Weld are recorded up to the maximum
equity available in fund balance and consist of:
38 991162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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, 1997 include $339,848, $616,838 and $1,263, 088
for the General Fund, Special Revenue Funds, and Capital
Projects Fund, respectively, for a total of $2,219,774.
Reserved for Other Assets:
These reserves are established to record all prepaid items.
Recorded reserves at December 31, 1997 are $38, 150 and $22, 820
for the General Fund and Special Revenue Funds, respectively,
for a total of $60, 970.
Reserved for Inventories:
These reserves are established to record the total level of
supply inventories. Recorded reserves at December 31, 1997
are $100,031 and $650,328 for General Fund and Special Revenue
Funds, respectively, for a total of $750,359.
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 $56,148, 086 at December 31, 1997.
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
$3, 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, 1998.
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
39
961162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
are recognized as contributed revenue at fair market value. An
offsetting in-kind expenditure is also recorded for the value of
the donated goods and services.
Memorandum Only - Total Columns:
Total columns on the General Purpose Financial Statements are
captioned Memorandum Total to indicate that they are presented only
to facilitate financial analysis. Data in these columns do not
present financial position, results of operations, or cash flows in
conformity with generally accepted accounting principles. Neither
. is such data comparable to a consolidation. Interfund eliminations
have not been made in the aggregation of this data.
Comparative Data:
Comparative total data for the prior year 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.
Note 2 - Equity in Pooled Cash and Investments:
The County maintains a cash and investment pool that is available for use by
all funds. Each fund's share is displayed on the balance sheets as "Cash and
short-term investments". Several of the County's funds also hold investments
on their own account. Substantially all cash and investments of the Pension
Trust Fund are held separately from those of the other County funds.
If a fund overdraws its share of a pooled cash account, the overdraft is
reported as an interfund receivable in General Fund with an offsetting
interfund payable in the overdrawn fund. Cash deficits that were outstanding
at December 31, 1997 are as follows:
Special Revenue Fund:
Public Health S 159.}26
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.
40
9F1162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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 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, 1997 are as follows:
CATEGORY Bank Carrying
A B palanre Amount
Primary Government:
Demand deposits $ 15,287 $ 0 $ 15.287 $ 18,000
Certificates of Deposit 700.000 2.939 03% 3.639.035 3.639.035
Total Deposits S 715.287 5 7,939.035 5 3.654,32? S 3.657,035
All deposits made by the County Treasurer in 1997 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, 1997, 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 1997 were
done in accordance with Colorado State Statutes.
41
981162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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
and deferred compensation plan investments also cannot be categorized
since the specific securities belonging to Weld County cannot be
identified.
Category Carrying Market
B Amount Value
Primary Government-
U. S. Government Agency Notes $ 10,826,438 $ 10,826,438 $ 10,842,287
Overnight Repurchase Agreement 3.903.349 3,903,349 3.903,349
$ 14,729,787 14,729,787 14.745 636
Local Government Investment Pools 7,059,800 7,059,800
Money Market Funds 5,587,222 5,587,222
Retirement Plan 64,844,390 64,844,390
Deferred Compensation Plan 2.878,226 2,878,226
Total 95.099.425 S 95.115,274
comnonent Unit:
Local Government Investment Pools $ 311,608 $ 311,608
Money Market Funds 189,275 189,275
Total 5 500.883 5 500,881
42 99t1.162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
At December 31, 1997, the County has invested $3,754,017 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, 1997:
Allowance for
Fund Type Uncollectible
General $ 11,217
Special Revenue 66, 010
Capital Projects 931
Enterprise 575, 000
Internal Service 346
Total $ 653. 504
43
981162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
Note 4 - Individual Fund Receivable and Payable Balances and Advances:
Interfund receivable and payable at December 31, 1997 are as follows:
Interfund Interfund
Receivables PavabiPs
General Fund $ 493, 971 $ 88,248
Special Revenue Funds:
Public Works Fund 177, 039 155, 348
Social Services Fund 0 202,518
Contingent Fund 9,329 0
Emergency Fund 15, 938 0
Public Health Fund 500 219, 925
Human Service Fund 0 17,643
Solid Waste Fund 0 43, 830
Housing Authority 0 8,500
Enterprise Fund:
Ambulance 0 5,278
Internal Service Funds:
Motor Vehicle Fund 109,403 7,461
Insurance Fund 5, 071 300
Phone Services Fund 16,335 5, 819
Trust and Agency Funds:
Employee Flexible Spending 4, 561 80, 032
Payroll Agency Fund 2, 962 0
General Agency 0 207
Total S 835, 104 S 835. 109
Transfer in and out other funds at December 31, 1997 are as follows:
Transfer Transfer
In Out
General Fund $ 117,863 $ 1,220,620
• Special Revenue Funds:
Solid Waste Fund 0 487,643
Public Health Fund 1,690,374 0
Human Services Fund 12,351 0
Printing and Supply 5. 538 117,861
Total S 1. 826,126 $ 1,826,126
44
9F1 a.62
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
Note 5 - General Fixed Assets:
A summary of changes in general fixed assets follows:
Balance Balance
7 /7 /97 Additions peletinn‘ 12/31/97
Land $ 2, 561, 997 $ 0 $ 0 $ 2,561, 997
Buildings 24, 035,732 4,093,867 2, 06,282 26,069,317
Leasehold Improvements 29, 596 605 0 30,201
Improvements Other
Than Buildings 2, 797,206 332,902 0 3,130, 108
Machinery and Equipment 7,325,540 2,137,858 123,671 9,339, 727
Construction in Progress 5, 114. 717 424,826 5,114, 717 424. 826
Total S41. R64. 788 56, 990,058 S7,298 670 541, 556. 176
At year-end 1997 construction in progress consists of $269, 792 for the Walton
Annex, $72, 542 for the Health Building and $82,491 for the Public works
Service Center.
Note 6 - Long-Term Debt:
Long-term debt consists of the following at December 31, 1997:
Internal Service Fund:
Certificates of participation $ 8,840, 000
Less unaccreted discount 39,653
Certificates of participation - net 8. 800.347
General Long-Term Debt Account Group:
Special assessment bonds payable 10, 000
Sick-leave and vacation accruals 1,237, 544
Total 1.247. 544
MEMORANDUM TOTAL S 10. 047. 891
45 981162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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 3.8% to 7.3% 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 Princinal Interest
Total
1998 $ 260,000 $ 479, 925 $ 739, 925
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
2003-2016 7, 150. 000 3.208,248 10. 358.248
Total S 8, 840, O00 $ 5,447, 028 S 14,287, 08
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 1997 are summarized as follows:
Special
Certificates Vacation Assessment
of and Sick Capital Bond
participation Leave Lease Payable Total
Balance,
January 1, 1997 $ 1,583,377 $ 1,096,757 $ 211,801 $ 0
$ 2,891,935
Retired in 1997 (190,000) 0 (211,801) 0 (401,801)
Discount accretion 4,890 0 0 0 4,890
Additions in 1997 7.402.080 140,787 0 10.000 7 552.867
Balance,
December 31, 1997 $ 8,800.347 1-1a5.4.1 $ 0 $ 10.000 $ 10,047,Q91
46
9911.62
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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
3t of the assessed valuation, or $44,389, 977 at December 31, 1997.
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, 1997 totalled $9,210, 555.
Note 7 - Other Required Individual Fund Disclosures:
Excesses of expenditures over appropriations in individual funds are as
follows:
Revised Over-
?.00rooriatioR rxoenditurel $xoenditure5
Ambulance Fund $ 3,356,458 $ 3,755,874 $ 399,416
Weld Finance Corporation 190,000 317,179 127,179
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, 1997 were deficits of $147,714 and $35,238, respectively.
These deficits will be recovered through future operations.
Note 8 - Weld County Retirement Plan:
The County maintains the Weld County Retirement Plan ("Plan") a single-
employer, defined benefit pension plan which covers all full-time employees,
except officers and employees of the Health Department.
47
91.162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
Plan description and provisions:
All eligible full-time employees participate in the Weld County Retirement
Plan. Current membership is comprised of the following:
Retirees and beneficiaries
currently receiving benefits 242
Terminated employees entitled
to benefits but not yet
receiving them 341
Active plan members:
Vested 437
Non-vested 316
Total 1. 094
Employees retiring under the normal retirement rule, at age 65 with at
least five years of credited service or whose age plus years of credited
service equals 75 or more, are entitled to monthly benefits of 2.5 percent
of their average monthly compensation times years of credit service.
Average monthly compensation is 1/36 of the earnings received during the
36 highest-paid consecutive calendar months within the last 10 years of
credited service. The maximum monthly benefit is 75 percent of average
monthly compensation during the 12 highest-paid consecutive calendar
months of credited service within the last 10 years of credited service
and the minimum is $25 per year of credited service. The Plan permits
special early retirement with full benefits to employees age 62 with eight
years of credited service and regular early retirement with reduced
benefits to employees age 55 with five years of credited service.
Active employees who become disabled receive benefits beginning on the
first of the month on or after age 65 or, if later, when payments stop
under the County's Long-Term Disability Plan. Retirement benefits are
based on the disabled employee's final average monthly compensation at the
time of disability and credited service (including the period of
disability) , payable for the disabled employee's life.
Upon the death of an active employee, the spouse is entitled to two times
the employee's accumulated contributions plus interest or a monthly
benefit equal to 75 percent of the employees accrued benefit as of his or
her date of death, commencing on the later of the first day of the month
coinciding with or following the employees's death.
48
9911.62
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
If an employee terminates employment with the County and is not vested,
(has less than five years of credited service) , the employee is entitled
to a refund of all employee contributions plus 6 percent annual interest,
compounded monthly. If the employee is vested, the employee has the
option of receiving a refund of accumulated contributions plus interest
or receive a monthly benefit commencing upon his or her normal retirement
date.
Funding Policy:
The County's funding policy is to provide for periodic employer
contributions at actuarially determined rates that, expressed as
percentages of annual covered payroll, are designed to accumulate
sufficient assets to pay benefits when due. Effective January 1, 1997,
the Retirement Board adopted the entry age actuarial cost method of
determining the Plan's actuarially-required contribution. Prior to 1997,
the Plan's funded status was determined using the aggregate actuarial cost
method.
All employees participating in the Plan are required by the authority of
the Board of Commissioners to contribute 6 percent of their annual covered
payroll. The County contributes a matching amount. Contributions made
during 1997 of 6% for both the County and the participating employees were
$1,401,429 each. Total covered payroll for the year ended December 31,
1997 was $23,357,133. Additional contributions of $273,231 were made by
specific employees during 1997 representing installment payments to
purchase additional years of service credit under a one-time option
granted to active members on October 1, 1996.
Actuarial assumptions and other information used to determine the annual
required contribution is located in the Pension Trust Required
Supplementary Information Section of the General Purpose Financial
Statements.
Administrative costs of the plan are funded through investment earnings.
Trend Information:
Net
Annual Percentage Pension
Fiscal Year Pension Cost Spnrrih 're4 Obligation
1997 $ 2,963, 754 100% $ 0
49
981162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
Note 9 - Deferred Compensation:
Effective January 1, 1984, as allowed by the provisions of Section 24-52-101,
et. seq. , CRS, 1973, and by Section 457 of the Internal Revenue Code of 1954,
as amended, the County established the Deferred Compensation Plan of the
County of Weld. The Deferred Compensation Plan is a special voluntary
benefit plan for public employees, in which a portion of the employee's
salary can be deferred until future years. Up to 25% of the employee's gross
income can be deferred, not to exceed $7,500 annually. Compensation deferred
by a participant under the plan and earnings on deferred amounts must remain
solely the property of the County until paid to the participant or the
participant's beneficiary, subject only to the claims of the County's general
creditors. The County holds these funds in custody for the participants and
exercises no discretion over the investment of the funds. Investments are
recorded at market value.
Note 10 - 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 accrued liabilities in the Insurance Fund. These estimated 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:
pecember 31. 1996 pecember 31. 1997
Unpaid Claims -Beginning $ 369,878 $ 236,176
Incurred Claims (Includes IBNR'S) 437,267 199,115
Claims Paid (570.969) (268.408)
Unpaid Claims - Ending 9 236.176 $ 166,883
50
991.162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
The Insurance Internal Service Fund provides protection against losses
involving County property, equipment, and liability. Reserves within the
fund 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:
pecember 31. 1996 pecember 31. 1997
Unpaid Claims - Beginning 8 194,931 $ 84,199
Incurred Claims (Includes IBNR'S) 70,557 13,139
Claims Paid (181.289) (39.646)
Unpaid Claims - Ending S $4,199 S 57.692
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 a defendant in several litigation cases. 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.
51
r 991 162
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
At December 31, 1997, the County has $3,754,017 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, 1997, 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. Approximately $838, 000 has been
recovered since the fund was frozen.
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, 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 10)
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.
52
9"11.62
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1997
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, 1997:
Assets $ 141, 526
Liabilities 86, 527
Fund Balance 54, 999
Revenues 247, 927
Expenditures 225, 560
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. 1997 Cont. Capital
Printing and Supply $ (120, 946)
Motor Vehicle Fund (15,168)
Liability Insurance (2,653)
Phone Services 333, 997
General Fixed Assets (195.230)
Total
53
981162
COUNTY OF WELD
STATE OF COLORADO
PENSION TRUST REQUIRED SUPPLEMENTARY INFORMATION
Year Ended December 31, 1997
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) (C) of
(a) (AAL) (b-a) Covered
Entry Age Payroll
(b) [ (b-a) /cl
1/1/97 52, 113, 121 $56,148, 086 $ 4, 034, 963 92.8% $22, 728,155 17.8%
Schedule of Employer/Employee Contributions
Annual Required Percentage
Fiscal Year Contribution Contributed
1997 $ 2,963, 754 100%
Notes to Required Supplementary Information
Valuation Date January 1, 1997
Actuarial Cost Method Entry age normal
Amortization Method Level dollar
Amortization Period 30 years closed
Actuarial asset valuation method 5 year smoothed market
Actuarial Assumptions:
Investment rate of return* 7.51
Projected salary increases* 5.3% to 8.51
Includes inflation at 5.0t
Post-retirement benefit increases None
54
9'1.1.62
COMBINING STATEMENTS,
1ND1V1DVAL RIND AND
ACCOVNT GROUP
STATEMENTS
AND SCHEDVL£S
R Y.
K ( . Rte.. Ia��M�TRM1wx' �SWA
tee ugaggintierfra
b9�'p yNYay.,
x
-i4 A. rin..s.^<ra.
\\
'%ice%
ii�%
991.162
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. In compliance with GASB statement #6 Special Assessment Districts for Elmore Road,
Antelope Hills 1 and Indian Hills are reported in General Fund.
981162
COUNTY OF WELD
STATE OF COLORADO
General Fund
Balance Sheet
December 31. 1997
(With comparative totals for December 31, 1996)
1997 1996
ASSETS
Cash and short-term investments $ 3.422,445 $ 1.815.589
Receivables
(net of allowance for uncollectibles):
Current property taxes 23.728.310 19.173.370
Delinquent property taxes 44,208 61,355
Accounts 480,381 591.579
Special assessment 0 90
Due from other County funds 493.971 2.169.903
Due from other governmental units 204.912 114,589
Inventories 100.991 0
Other assets 38,150 46,800
Total Assets $ 28.513.368 $ 23.973.275
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 723,965 $ 2.332.063
Accrued liabilities 762.310 661,244
Due to other County funds 88.248 381.903
Deferred revenue 24.134,759 19.422.892
Unexpended grant revenue 272.539 340.000
Total Liabilities 25.981.821 23.138.102
Fund Balance:
Reserved for encumbrances 339.848 39.854
Reserved for other assets 38.150 46.800
Reserved for inventories 100,031 0
Unreserved:
Designated for future year's exp 120,293 0
Undesignated 1,933.225 728.519
Total Fund Balance 2,531.547 815.173
Total Liabilities and Fund Balance $ 28.513,368 $ 23.953.275
991.162
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. 1997
(With comparative totals for the fiscal year ended December 31. 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes $ 19.173.370 $ 19.082.093 $ (91.277) $ 18.575,675
Severance tax 30.000 18.203 (11.797) 8.680
Tobacco products 71,000 64.944 (6.056) 76.503
Penalties & interest 0 32.402 32.402 40.185
Property tax adjustment 0 0 0 (735.936)
Total Taxes 19.274.370 19,197.642 (76,728) 17.965.107
Licenses and Permits:
Liquor licenses 3,500 4.208 708 4.473
Plow permits 0 0 0 19.680
Planning permits 263.536 294.452 30,916 206.926
Building permits 385,000 393.156 8,156 348,828
Electrical permits 110.000 109,212 (788) 81,825
Total Licenses and Permits 762.036 801.028 38,992 661.732
Intergovernmental:
Federal grants 670.825 765.020 94,195 299,721
Payment in lieu of taxes 29,890 30.879 989 0
State grants 3.285,173 3,124,963 (160,210) 2.929.446
Other governmental units 12,131 40,109 27,978 63,702
Cities 8 towns 672,978 1.025.236 352,258 834,773
Total Intergovernmental 4.670.997 4,986,207 315.210 4.127.642
Charges for Services:
Plan checking fees 45.000 44,148 (852) 25.783
Charges for services 2.035,746 2,279,994 244.248 1.513.718
Sale of supplies 61.866 43.336 (18.530) 54.073
Parking 11,000 12,163 1.163 12.644
Total Charges for Services 2,153,612 2.379.641 226,029 1,606.218
Fines and Forfeitures:
Property forfeitures/evidence 0 (387) (387) (141)
Fines (drunk drivers) 47.500 23.688 (23.812) 24,486
Total Fines and Forfeitures 47.500 23,301 (24,199) 24.345
991162
SE
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, 1997
(With comparative totals for the fiscal year ended December 31. 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
REVENUES (CONTINUED)
Miscellaneous:
Miscellaneous 250,356 192.919 (57,437) 418.923
Interest 1.475.000 1,622.028 147.028 1.437,095
Rents from land 0 2,550 2.550 0
Rents from buildings 221.750 225,017 3,267 220.382
Royalties 170.000 180.126 10.126 163.230
Special assessments 0 0 0 18
Other 1,888.916 1.912.421 23.505 876.988
Contributions/In kind 0 10.758 10.758 5.871
Sale of assets 155.000 155.853 853 64.510
Total Miscellaneous 4,161.022 4,301,672 140.650 3,187.017
Fees:
Sheriff's fees 0 0 0 59
Inmate bond fees 1.000 600 (400) 0
Fee account 0 39.891 39.891 40,443
DUI fees 108,500 3.110 (105.390) 103,894
Clerk 8 Recorder fees 1,800.000 2.025,471 225,471 1.788.860
Treasurer's fees 700,000 722,844 22.844 693.648
Advertising 35,000 29.797 (5.203) 37,820
Assessor's fees 24.000 41,637 17.637 73.907
Bad check fees 11,250 16,139 4.889 13.046
Community service fees 0 (5) (5) 65
Investigation fees 2,300 (392) (2.692) (584)
Cable fees 18.250 18,506 256 11.229
Total Fees 2.700.300 2.897.598 197.298 2.762.387
Total Revenues 33,769.837 34,587,089 817.252 30,334.448
EXPENDITURES
General Government:
Office of the Board 422.008 418,440 3.568 369.311
County Attorney 387.329 380.782 6,547 363,864
Public Trustee 4.000 2.611 1.389 994
Planning and zoning 455,201 422.147 33,054 412,194
Clerk to the Board 98.369 87.883 10,486 108.586
County Clerk 1.196.618 1.213.242 (16.624) 1.144.462
Elections and registration 419.922 365,874 54,048 548,134
County Treasurer 557.345 545,937 11,408 605.456
County Assessor 1,539.362 1.519.199 20.163 1,765.861
Maintenance of buildings/grounds 1.877.976 1.882.411 (4,435) 1,791,265
County Council 21.261 11,103 10,158 11,237
District Attorney 1,705.763 1,658.893 46.870 1,544.047
Juvenile Diversion Grant 239.395 227,416 11,979 223,768
Victim Assistance 184.360 566.853 (382.493) 437,241
Financial administration 210.448 199.433 11.015 185.115
General accounting 377.487 341.251 36.236 401.175
Purchasing 79,764 77,688 2.076 71.969
Personnel 296.224 293.814 2.410 242.161
Geographical Information System 70.000 56.923 13.077 0
Computer Services 1,637.252 1.771.318 (134.066) 1,721,132
Printing and Supply 204.616 131.434 73,182 0
Total General Government 11.984.700 12,174.652 (189.952) 11.947.972
57 981162
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. 1997
(With comparative totals for the fiscal year ended December 31, 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
EXPENDITURES (CONTINUED)
Public Safety:
Sheriff administration $ 608,591 $ 585.590 $ 23,001 $ 651.744
Crime control and investigations 3,094.001 3,113.082 (19,081) 2.963.728
Task force 205.308 192.987 12,321 190,467
Regional forensic laboratory 109,667 110.783 (1.116) 111.089
Communications services 669,647 669.505 142 615.190
Communication system development 0 6,150 (6.150) 0
E-911 administration 700 612 88 561
Criminal justice 495,703 495.700 3 657,559
County Coroner 245,357 251,455 (6,098) 223.472
Correctional administration 5.855,359 5.741,400 113.959 5.569,617
Correctional administration 571,414 686.789 (115,375) 0
Community correction 2.512.681 2,428.785 83,896 2,316,361
Public service DUI 150.850 10,682 140,168 145.295
Building inspection 437.200 438,821 (1.621) 397,702
Office of emergency management 103.851 77,325 26,526 71.466
Waste water management 6.359 6.359 0 5,066
Animal control 95,590 84,719 10.871 133.548
Pest/weed control 181,391 179.119 2.272 187.299
Solid Waste 0 1.122 (1.122) 19.538
Total Public Safety 15,343.669 15.080.985 262.684 14.259.702
Public Works:
General engineering 401.888 402.139 (251) 432.305
Extension services 279,635 273.745 5.890 270.007
Veterans office 45,277 42.576 2.701 40,610
Airport 200.000 200.000 0 27.876
Total Public Works 926,800 918,460 8.340 770.798
Public Health and Welfare:
Mental health 135.875 118.875 17,000 105.375
Developmentally disabled 41.105 41.105 0 46.105
Seniors program 12,500 12,500 0 11,700
Economic development 1.464,596 1.437,679 26,917 956,362
Total Public Health and Welfare 1,654,076 1,610,159 43,917 1.119.542
Culture and Recreation:
Missile site park 6.000 2.718 3,282 (244)
County fair 52.661 87,598 (34,937) 85,078
Total Culture and Recreation 58,661 90,316 (31.655) 84,834
Miscellaneous:
Other 530,062 395,550 134,512 593.564
Building rents 601.802 401,801 200.001 380.615
Total Miscellaneous 1.131,864 797,351 334,513 974.179
58 9' 11.62
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, 1997
(With comparative totals for the fiscal year ended December 31. 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
EXPENDITURES (CONTINUED)
Capital Outlay:
County attorney 772 (772) 514
Clerk to the board 0 0 4,375
County clerk 0 0 25.074
Elections and registration 0 0 23.000
Treasurer 5,412 (5.412) 12,641
Assessor 4.20 4,144 56 0
County council 80 77 28 0
District Attorney 0 9.030
Finance 5,00 4,05 946 0
Accounting 12.62 (12.628) 0
Purchasing 4.00 3.60 392 0
Personnel 10.00
9,55 444 0
Planning 0 1,698
Maintenance of buildings/grounds 0 9,873
Information services 676.06 537,09 138,965 80.724
Geographical Information System 140,00 131,38 8.613 0
Capital improvement 50.00 38.49 11.504 22.583
Sheriff administration 6.00 4.16 1,837 8,021
Crime control and investigations 40.10 50 39,600 8.037
Regional forensic laboratory 8,60 2.90 5.692 5,434
Communication system development 28.66 14,03 14.628 27,802
County Coroner 1,33 (1.338) 0
Correctional administration 218.90 30.06 188,839 5.163
Extension 4.10 4.08 11 909
Computer services 1.65 (1.650) 0
Animal control 6.00 6.000 0
Community corrections 2,00 2.000 0
Building inspections 0 3,334
Engineering 0 1.790
Total Capital Outlay 1.204,42 806,67 397.755 250.002
Debt Service:
Capital lease 160.311 289.363 (129.052) 107.964
Total Debt Service 160,311 289.363 (129.052) 107.964
Total Expenditures 32.464.508 31.767,958 696,550 29.514.993
Other Financing Sources (Uses):
Operating Transfers - In:
Non-Departmental 0 117.863 117.863 0
Operating Transfers • Out:
Appropriation Grants-In-Aid (1.215.082) (1.220,620) (5.538) (1.275.370)
Capital lease 0 0 0 (507)
Total Other Financing Sources (Use (1.215.082) (1.102,757) 112.325 (1.275.877)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses 90,247 1,716.374 1.626,127 (456.421)
Fund Balance at Beginning of Year 815,173 815.173 0 1.271,595
Fund Balance at End of Year $ 905,420 $ 2.531.547 $ 1.626.127 $ 815.173
59 981162
SP£CiAL R£V£NV£
FVNDS
t
0
.4.4„,a e
't
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.
981162
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1997
Public Works Fund:
The Public Works Fund records all costs related to Weld County road and bridge construction and
maintenance. This fund is also utilized for allocation of monies to cities and towns for use in their
road and street activities. In compliance with GASB Statement#6, Special Assessment Districts
Antelope Hills 2,Northmoore Acres, Casa Grande, Knaus, 71st Avenue, Basswood Avenue, 83rd
Avenue, Roads 15 & 84,Road 34, Road 32,Road 8, Road 38, Johnson Subdivisin and Arrowhead
Subdivision 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.
981162
61
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Combining Balance Sheet
December 31, 1997
(With comparative totals for December 31, 1996)
Social Conservation
Public Works Services Trust Contingent Emergency
Fund Fund Fund Fund Fund
ASSETS
Cash and short-term investments $ 5.386.315 $ 3.391.082 $ 117.136 $ 4,459,217 $ 2.008,696
Receivables
(net of allowance for uncollectibles):
Current property taxes 2,265.428 2,563,848 0 100.000 0
Delinquent property taxes 6,567 10.155 0 2.608 4,382
Accounts 160.884 137.151 232,497 495,339 0
Special assessment 189.329 0 0 0 0
Due from other County funds 177,039 0 0 9.329 15,938
Due from other governmental units 0 611.547 0 0 0
Inventories 585.002 116,391 0 0 0
Other assets 0 18.098 0 0 0
Total Assets $ 8,770,564 $ 6,848,272 $ 349.633 $ 5,066.493 $ 2,029.016
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 165.867 $ 120.989 $ 17,145 $ 0 $ 0
Due to other County funds 155.348 202,518 0 0 0
Due to other governments 0 14,978 0 0 0
Accrued liabilities 154.177 152,086 0 0 0
Other liabilities 0 44,554 0 0 0
Deferred revenue 2.426.322 2,737,075 0 102.609 4,383
Unexpended grant revenue 0 0 0 0 0
Total Liabilities 2,901,714 3,272,200 17.145 102.609 4.383
Fund Balances:
Reserved for encumbrances 596.658 0 0 0 0
Reserved for other assets 0 18.098 0 0 0
Reserved for inventories 576,649 0 0 0 0
Reserved for claims 0 0 0 3,754,017 0
Unreserved:
Designated for future year's exp 1.000.000 2.400.000 0 990,000 2.000,000
Undesignated 3,695,543 1,157,974 332,488 219.867 24,633
Total Fund Balances 5,868.850 3.576,072 332.488 4.963.884 2.024,633
Total Liabilities and Fund Balances $ 8.770,564 $ 6.848.272 $ 349.633 $ 5.066.493 $ 2.029.016
991162
62
Public Human Totals
Health Services Solid Waste
Fund Fund Fund 1997 1996
$ 0 $ 420,687 $ 250,504 $ 16.033,637 $ 15.930,345
0 0 4,929.276 6,297.435
0 0 23.712 20.938
_ 519.083 130.189 77,05 1,752.193 1,189.645
0 0 189,329 235,252
500 0 202,806 471.228
0 1.327,370 1,938,917 1.265.008
70.869 362.510 1.134.772 3.117.623
694 4.028 22.820 10.076
$ 591.146 $ 2.244.784 $ 327.55 $ 26.227,462 $ 28.537.550
$ 167,038 $ 362,911 $ 149 $ 834.099 $ 1.541.778
219,925 17.643 43.830 639,264 1,390,785
0 0 0 14,978 11,327
100.496 271.627 0 678,386 651.437
0 0 0 44.554 46,911
30.167 596.338 0 5,896,894 7,342.186
0 0 0 0 2.070.857
517.626 1,248.519 43.979 8.108.175 13.055,281
20,180 0 0 616.838 502,471
694 4,028 0 22,820 10.076
73.679 0 0 650.328 640.346
0 0 0 3,754,017 3.972.082
0 0 0 6,390,000 4.040.409
(21.033) 992,237 283,575 6.685.284 6.316.885
73.520 996,265 283,575 18,119.287 15.482.269
$ 591.146 $ 2.244,784 $ 327,554 $ 26,227.462 $ 28,537.550
981162
63
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. 1997
(With Comparative totals for the fiscal year ended December 31, 1996)
Social Conservation
Public Works Services Trust Contingent Emergency
Fund Fund Fund Fund Fund
Revenues:
Taxes $ 5.286.135 $ 4.160.437 $ 0 $ 1.228 $ 2,953
Licenses and permits 128,540 0 0 0 0
Intergovernmental 9,711.702 22.520.286 477,387 0 0
Charges for services 1.225.883 0 221.547 0 0
Miscellaneous 125.274 607 9.316 0 0
Total Revenues 16,477.534 26,681,330 708.250 1,228 2.953
Expenditures:
Public works 15.368,664 0 0 0 0
Public health and welfare 0 24.910,739 0 0 0
Culture and recreation 0 0 565.256 0 0
Economic assistance 0 0 0 0 0
Other professional services 0 0 0 0 0
Capital outlay 2.633 45,593 32.512 0 0
Intergovernmental 486,365 0 0 0 0
Total Expenditures 15.857,662 24,956,332 597.768 0 0
Excess of Revenues Over
(Under) Expenditures 619.872 1.724.998 110,482 1,228 2.953
Other Financing Sources (Uses):
Operating transfers - in 0 0 0 0 0
Operating transfers - out 0 0 0 0 0
Total Other Financing Sources 0 0 0 0 0
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses 619,872 1,724.998 110.482 1.228 2,953
Fund Balances at Beginning of Year 5.248.978 1,851.074 222,006 4.962.656 2.021.680
Fund Balances at End of Year $ 5.868,850 $ 3.576.072 $ 332.488 $ 4.963,884 $ 2.024.633
64 9F1162
Public Human Totals
Health Services Solid Waste
Fund Fund Fund 1997 1996
S 0 $ 0 $ 0 $ 9,450,753 $ 11.867.579
204.812 0 0 333.352 345,722
1.316,401 6.623.949 0 40,649.725 38,996.156
359,958 720.934 876,734 3,405.056 3,331,795
12.152 281.752 0 429.101 319.609
1,893.323 7,626,635 876,734 54,267,987 54.860.861
0 0 0 15,368,664 13,004.301
3.690,807 0 0 28.601.546 30.836.827
0 0 0 565.256 207.343
0 7.503.918 0 7,503.918 6,770.891
0 0 115,134 115.134 1,059.106
42.673 81,756 0 205,167 425.554
0 0 0 486.365 559,388
3,733.480 7,585.674 115.134 52,846.050 52.863,410
(1,840.157) 40,961 761.600 1.421.937 1,997,451
1.690.374 12.351 0 1.702.725 1,495.877
0 0 (487.643) (487.643) (220,000)
1.690.374 12.351 (487.643) 1,215.082 1.275.877
(149.783) 53,312 273.957 2.637.019 3.273,328
223,303 942,953 9.618 15,482.268 12,208.940
$ 73.520 5 996.265 $ 283.575 $ 18.119.287 $ 15,482,268
981162
65
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. 1997
(With comparative totals for the fiscal year ended December 31. 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes $ 2.133.587 $ 2.125,711 $ (7.876) $ 2.655.179
Specific ownership taxes 2,600.000 3,157.023 557,023 2.199,478
Penalties 8 interest 0 3,401 3.401 6.079
Total Taxes 4.733,587 5,286,135 552.548 4.860.736
Licenses and Permits:
Moving permits 150.000 128.540 (21.460) 131.469
Intergovernmental:
Mineral leasing 73,500 73,587 87 37,905
Grazing act 41.600 41,637 37 30.289
Payment in lieu of taxes 45,800 45.892 92 40,750
Grants 3.599.080 2.786.111 (812.969) 454.719
Motor vehicle registration fees 265.000 292,794 27,794 262.612
Highway user tax fund 6.700.000 6.471.227 (228.773) 6.107,845
State maintenance agreement 0 454 454 0
Total Intergovernmental 10.724,980 9,711,702 (1.013,278) 6.934.120
Charges for Services:
Charges for services 462.000 1,225,883 763.883 900,575
Miscellaneous:
Earnings on deposits 0 18,515 18.515 20,466
Special assessments 0 21.358 21.358 94,535
Other 1,000 34.787 33.787 15.783
Gain on sale of assets 49.000 49,475 475 917
Recovery of losses 1,000 1.139 139 0
Total Miscellaneous 51.000 125,274 74.274 131.701
Total Revenues $ 16.121.567 $ 16.477.534 $ 355.967 $ 12.958.601
66 9911.62
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. 1997
(With comparative totals for the fiscal year ended December 31, 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
EXPENDITURES
Public Works:
Bridge construction $ 1,655.518 $ 1.468.046 $ 187.472 $ 1,329.455
Maintenance of condition 2.459.902 2,367,068 92.834 2.142,761
Maintenance support 1.178.773 1.072.527 106.246 1.109.614
Trucking division 1.505.646 1,466.875 38.771 1.524,988
Mining division 1,039.618 1.033,185 6.433 952.691
Administration 473,371 361.768 111,603 364.237
Other public works 11,552.572 7.599,195 3,953.377 5.580.556
Total Public Works 19.865.400 15.368.664 4,496.736 13.004.302
Intergovernmental:
Grants-in-aid to cities/towns 487.712 486.365 1.347 559.388
Capital Outlay:
Special assessment infrastructure 0 0 0 105.605
Administration 5,000 2.633 2,367 10.499
Total Capital Outlay 5,000 2.633 2.367 116.104
Total Expenditures 20,358.112 15,857,662 4.500.450 13,679,794
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (4.236.545) 619.872 4,856.417 (721.193)
Fund Balances at Beginning of Year 5.248.978 5.248.978 0 5.970.171
Fund Balances at End of Year $ 1.012.433 $ 5.868,850 $ 4,856,417 $ 5.248.978
981162
67
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, 1997
(With comparative totals for the fiscal year ended December 31, 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes $ 4,163,848 $ 4.160.283 $ (3.565) $ 4.151.755
Specific ownership taxes 0 (1.000) (1.000) 0
Penalties 8 interest 0 1,154 1,154 2.274
Total Taxes 4.163,848 4.160,437 (3.411) 4.154,029
Intergovernmental:
Welfare 29.962.718 22,520.286 (7.442.432) 24.486,765
Total Intergovernmental 29.962,718 22.520.286 (7.442,432) 24,486,765
Miscellaneous:
Earnings on deposits 0 607 607 0
Total Miscellaneous 0 607 607 0
Total Revenues 34.126,566 26,681.330 (7.445.236) 28.640.794
EXPENDITURES
Public Health and Welfare:
Administrative - regular 5.432.600 5,625.017 (192,417) 5.069.880
Administrative - IV•D 973,950 847,440 126.510 886.483
Institutional care 270.500 120.947 149,553 204.884
Food stamps 9.485.000 6.501.837 2.983.163 7,992,645
Jobs - IV-F 335,275 152,316 182.959 256,440
Employment first 135.000 83.615 51.385 119.607
General assistance 132,000 115.453 16.547 110,530
AFDC 6.100.000 2.377.152 3,722,848 3.699.638
AND - State 510,000 405.357 104.643 418.009
Child Welfare 3.900,000 2,761.270 1.138.730 3.077,708
Day care 3,500.000 2.526.537 973.463 2.564.406
Medicaid transportation 15.000 5.288 9.712 5.390
68 9S1162
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, 1997
(With comparative totals for the fiscal year ended December 31. 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
EXPENDITURES (CONTINUED):
Non-contractual case services $ 15.500 $ 51.177 $ (35.677) $ 33,210
OAP - A 1,750.000 1.576.053 173.947 1,595.362
Placement alternative care 700.000 604,673 95,327 878,592
Staff development 9,000 542 8.458 2,138
Medical examinations 9,100 4.728 4,372 4.373
Administrative - LEAP 49,450 71,044 (21.594) 50.173
Administrative - LEAP outreach 19.600 9,583 10.017 2.715
LEAP • regular 800,000 996,468 (196.468) 524,614
LEAP - emergency 15.000 38.862 (23.862) 14.264
FEMA 90.000 35.380 54,620 70.085
Total Public Health and Welfare 34.246,975 24,910,739 9.336.236 27.581.146
Capital Outlay:
Administrative - regular 20,000 44,628 (24.628) 90,190
Leap - regular 0 965 (965) 0
Total Capital Outlay 20.000 45.593 (25.593) 90.190
Total Expenditures 34.266.975 24.956.332 9.310.643 . 27,671.336
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (140,409) 1,724.998 1.865,407 969.458
Fund Balances at Beginning of Year 1.851.074 1,851.074 0 881.616
Fund Balances at End of Year $ 1.710.665 $ 3.576.072 $ 1,865,407 $ 1.851.074
69 981162
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, 1997
(With comparative totals for the fiscal year ended December 31. 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
REVENUES
Intergovernmental:
State lottery $ 383,125 $ 477.387 $ 94.262 $ 357,024
Miscellaneous:
Earnings on deposits 2.000 9,316 7,316 7.802
Charge for service 230.175 221,547 (8.628) 0
Total Miscellaneous Revenue 232,175 230,863 (1.312) 7.802
Total Revenues 615.300 708,250 92,950 364,826
EXPENDITURES
Culture and Recreation:
Land improvements 573,873 565.256 8,617 207.343
Capital Outlay:
Land improvements 91.427 32.512 58.915 8,810
Total Expenditures 665.300 597.768 67,532 216,153
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (50.000) 110,482 160,482 148.673
Fund Balances at Beginning of Year 222.006 222,006 0 73,333
Fund Balances at End of Year $ 172,006 $ 332,488 $ 160,482 $ 222,006
70 9"QI 162
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. 1997
(With comparative totals for the fiscal year ended December 31. 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes $ 0 $ 1.637 $ 1.637 $ 1,052.981
Penalties & interest 0 (409) (409) 2.479
Total Revenues 0 1.228 1.228 1.055,460
EXPENDITURES 900.000 0 900,000 0
Other Financing Sources (Uses):
Operating Transfers - Out:
Other 0 0 0 (220.000)
Total Other Financing (Uses) 0 0 0 (220.000)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (900.000) 1,228 901,228 835.460
Fund Balances at Beginning of Year 4.962.656 4,962,656 0 4.127,196
Fund Balances at End of Year $ 4,062.656 $ 4.963.884 $ 901.228 $ 4,962.656
71 981162
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. 1997
(With comparative totals for the fiscal year ended December 31, 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes f 0 $ 3.233 $ 3.233 $ 1.793,599
Penalties 6 interest 0 (280) (280) 3.756
Total Revenues 0 2.953 2.953 1.797,355
EXPENDITURES 2.000.000 0 2,000.000 0
Other Financing Sources (Uses):
Operating Transfers - In:
Non-Departmental 0 0 0 220,000
Total Other Financing Sources (Use 0 0 0 220.000
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (2,000.000) 2.953 2,002.953 2.017.355
Fund Balances at Beginning of Year 2,021,680 2,021.680 0 4,325
Fund Balances at End of Year $ 21,680 $ 2.024,633 $ 2,002.953 $ 2,021.680
3.91162
72
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. 1997
(With comparative totals for the fiscal year ended December 31, 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
REVENUES
Licenses and Permits:
Health licenses $ 191.900 $ 204.812 $ 12.912 $ 214,253
Intergovernmental:
State grants 1,851.915 1.316,401 (535,514) 954.312
Total Intergovernmental 1.851.915 1.316,401 (535,514) 954.312
Charges for Services:
Charges for services 106,199 27,527 (78.672) 48.143
Vital statistics 100.000 105.253 5.253 101,492
Protective inspection fees 556,524 93,260 (463,264) 469.189
Clinic fees 344.498 133.918 (210.580) 219,454
Total Charges for Services 1,107.221 359.958 (747,263) 838,278
Miscellaneous:
Miscellaneous 1,500 3.150 1,650 1.045
Other 0 0 0 7.121
Donations 2.381 9,002 6,621 23.175
Total Miscellaneous 3.881 12.152 8,271 31.341
Total Revenues 3,154.917 1.893.323 (1.261.594) 2,038.184
EXPENDITURES
Public Health and Welfare:
Public health administration 387,464 95.322 292,142 91.830
Health Education 490.037 344.336 145,701 367.370
Nursing 2.973,430 2,038.953 934,477 1,795.582
Environmental health 1.351,684 1,212.196 139,488 1.000.900
Total Public Health and Welfare 5,202.615 3.690.807 1.511.808 3,255.682
Capital Outlay:
Administration 10,400 10.343 57 19.534
Health Education 11.335 10,005 1,330 1.501
Nursing 30,209 22.325 7.884 7.158
Environmental health 9.000 0 9.000 5,727
Total Capital Outlay 60.944 42.673 18.271 33.920
Total Expenditures 5,263,559 3.733,480 1,530.079 3.289.602
Other Financing Sources (Uses):
Operating Transfers • In:
Non-Departmental 1.594.689 1,690,374 95.685 1.263.019
Total Other Financing Sources 1.594.689 1,690.374 95.685 1,263,019
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (513,953) (149,783) 364,170 11.601
Fund Balances at Beginning of Year 223,303 223.303 0 211.702
Fund Balances at End of Year $ (290.650) $ 73.520 $ 364,170 $ 223,303
73 981162
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. 1997
(With comparative totals for the fiscal year ended December 31, 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
REVENUES
Intergovernmental:
Federal grants $ 6,493.004 $ 5.961.558 $ (531,446) $ 5,574,944
State grants 971.000 662.391 (308.609) 688,992
Total Intergovernmental 7.464.004 6,623,949 (840.055) 6.263,936
Charges for Services
Charges for services 700,000 720.934 20,934 728.906
Miscellaneous:
Donations from private sources 143,000 141.523 (1.477) 125.554
Other revenue 215.000 140,229 (74.771) 6,993
Sale of assets 0 0 0 16.220
Total Miscellaneous 358,000 281.752 (76.248) 148,767
Total Revenues 8.522.004 7.626.635 (895.369) 7.141.609
EXPENDITURES
Economic Assistance:
JTPA performance incentive 45.000 36.008 8,992 20.247
Family support 107,000 90,695 16,305 99.599
Unemployment insurance profile 0 0 0 4,407
JTPA older workers 40,000 41,054 (1.054) 30.726
One stop 20.000 24.464 (4.464) 245
JTPA IIA 300.000 242,635 57,365 219.088
JTPA IIB 180.000 190.420 (10.420) 146,044
JTPA IIC 50.000 67.741 (17.741) 47,100
EDWAA 10% displaced worker 120,000 92,194 27.806 114.567
Health services 23.000 10.226 12.774 10.686
LEAP 10,000 3,312 6,688 305
Older worker EDWAA 4,000 5,281 (1.281) 3.171
Job service 200,000 226.600 (26.600) 210.870
Summer job hunt 10,000 10,000 0 10.000
Employment first 120,000 136,900 (16.900) 130.765
U.I. training program 120.000 89.910 30,090 90,080
Jobs/New directions program 144.000 87.246 56,754 157,657
State - pre-school 150.000 237.013 (87.013) 237,110
Head start 1.827.566 1.731,971 95,595 1.647,638
Migrant head start 2.074.000 1,839,911 234,089 1.351.384
CSBG 160,000 190.028 (30.028) 155.916
Supplemental foods 1.025.000 652,182 372.818 934.574
FTA 40.000 41,300 (1.300) 39.400
DOE weatherization 12.000 6,869 5,131 14,007
AAA elder abuse 1.000 2,996 (1.996) 2.196
Single entry point 250.000 297.559 (47.559) 249,960
OAA area agency 44,355 45.102 (747) 45,155
OAA title III-B 145.000 118.887 26,113 136,037
AAA case management 6.000 9,387 (3,387) 1.764
MA ombudsman 1,000 1.904 (904) 1.472
74 9F11.62
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, 1997
(With comparative totals for the fiscal year ended December 31, 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
EXPENDITURES (CONTINUED):
OAA title III C-I congregate $ 309.000 $ 298.456 $ 10.544 $ 291,097
OAA title III-C2 61.000 77,213 (16.213) 75.079
OAA in home support 13,000 3.151 9.849 6.766
Human resources general fund 1,991 4,281 (2.290) (142.074)
Transportation 280.000 233,147 46.853 310,278
Neighbor to neighbor 10.000 8,763 1.237 0
CARP 5.000 376 4,624 0
YCPI 90,000 53,289 36.711 0
Sumer of serivce 62.300 61.661 639 0
TANF 106.000 111.813 (5.813) 0
Human resources lab pool 159,473 121.973 37,500 117,575
Total Economic Assistance 8.326.685 7.503,918 822,767 6,770.891
Capital Outlay:
Unemployment insurance profile 0 0 0 5.594
Migrant head start 66.000 59.237 6.763 152.968
FTA 0 0 0 11.919
Human resources general fund 145.000 22.519 122.481 6.048
Total Capital Outlay 211.000 81.756 129.244 176.529
Total Expenditures 8.537,685 7,585,674 952,011 6.947.420
Other Financing Sources (Uses):
Operating Transfers - In:
OAA area agency 12,351 12.351 0 12.351
Human resources general fund 0 0 0 507
Total Other Financing Sources 12,351 12.351 0 12.858
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (3.330) 53,312 56.642 207.047
Fund Balances at Beginning of Year 942,953 942.953 0 735,906
Fund Balances at End of Year $ 939.623 $ 996.265 $ 56,642 $ 942.953
75 981162
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. 1997
(With comparative totals for the fiscal year ended December 31. 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
REVENUES
Charges for Services:
Landfill surcharge $ 840.000 $ 876.734 $ 36.734 $ 864,034
Total Revenues 840,000 876.734 36.734 864,034
EXPENDITURES
Miscellaneous:
Solid waste 276.603 71.300 205.303 1,058.003
Code enforcement 69,754 43.834 25,920 1,104
Total Miscellaneous 346.357 115,134 231.223 1.059.107
Capital Outlay:
Code enforcement 6.000 0 6.000 0
Total Expenditures 352.357 115,134 237.223 1.059,107
Other Financing Sources (Uses):
Operating Transfers • Out:
Health department (487.643) (487.643) 0 0
Total Other Financing Sources (487,643) (487.643) 0 0
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses 0 273,957 273.957 (195.073)
Fund Balances at Beginning of Year 9,618 9.618 0 204,691
Fund Balances at End of Year $ 9,618 $ 283.575 $ 273,957 $ 9.618
76
9V11.62
CAPITAL PROJECTS
FUND
1
Capital Projects Funds are established to account for financial resources used for the
acquisition or improvement of the capital facilities of the County.
981162
COUNTY OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUND
EXPLANATION OF INDIVIDUAL FUND
December 31, 1997
Capital Expenditures Fund:
This fund accounts for various capital improvement projects on County property.
77 90111.62
COUNTY OF WELD
STATE OF COLORADO
Capital Projects Fund
Capital Expenditures Fund
Balance Sheet
December 31. 1997
(With comparative totals for December 31, 1996)
1997 1996
ASSETS
Assets:
Cash and short-term investments $ 5.574,103 $ 1.936,928
Receivables
(net of allowance for uncollectibles):
Current property taxes 2.875,000 3,226.000
Delinquent property taxes 3,698 11,299
Accounts 0 1
Total Assets $ 8.452,801 $ 5,174.228
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable $ 509.778 $ 1.150,363
Due to other County funds 0 700.000
Deferred revenue 2.878.698 3.237.299
Total Liabilities 3,388.476 5,087.662
Fund Balance:
Reserved for encumbrances 1.263.088 3.639.437
Unreserved:
Designated for future years' 3,575.000 0
Undesignated 226,237 (3.552.871)
Total Fund Balance 5,064,325 86.566
Total Liabilities and Fund Balance $ 8,452,801 $ 5.174,228
9"1162
78
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. 1997
(With comparative totals for the fiscal year ended December 31. 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes $ 3.226.000 $ 3,211.956 $ (14.044) $ 1.478.382
Penalties & interest 0 4,431 4.431 3,688
Total Taxes 3,226,000 3,216.387 (9.613) 1,482.070
Miscellaneous:
Grant 250.000 25,000 (225.000) 0
Earnings on deposits 70.000 77.459 7.459 212.671
Miscellaneous 0 1,134 1.134 470
Other 7.175,000 7.220,232 45.232 0
Total Miscellaneous 7.495.000 7.323,825 (171.175) 213.141
Total Revenues 10.721.000 10.540.212 (180.788) 1,695.211
EXPENDITURES
Capital Outlay:
Buildings 14.360.438 5.562.453 8.797.985 5.401,532
Total Expenditures 14.360.438 5.562.453 8.797.985 5,401,532
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses (3.639.438) 4.977,759 8.617,197 (3.706.321)
Fund Balance at Beginning of Year 86.566 86.566 0 3.792.887
Fund Balance at End of Year $ (3.552.872) $ 5.064.325 $ 8,617.197 $ 86.566
79 981162
£NT£Rfl1 S£
fVNU
Je
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.
99' 162
COUNTY OF WELD
STATE OF COLORADO
ENTERPRISE FUND
EXPLANATION OF INDIVIDUAL FUND
December 31, 1997
Ambulance Fund:
This fund accounts for the ambulance services provided to Weld County.
8 1 981162
COUNTY OF WELD
STATE OF COLORADO
Enterprise Fund
Ambulance Fund
Balance Sheet
December 31. 1997
(With comparative totals for December 31, 1996)
1997 1996
ASSETS
Current Assets:
Cash and short•term investments $ 346.687 $ 83,868
Receivables
(net of allowance for uncollectibles):
Accounts - ambulance services 492,679 790,138
Other assets 745 0
Total Current Assets 840.111 874.006
Fixed Assets:
Land 48.496 48,496
Improvements other than buildings 21.461 21,461
Buildings 648,234 648,234
Machinery and equipment 817,542 809.187
Accumulated depreciation (570,519) (401,382)
Total Fixed Assets 965.214 1,125,996
Total Assets $ 1.805.325 $ 2.000.002
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts payable $ 28.723 $ 10.512
Due to other County funds 5.278 10,588
Accrued liabilities 143,778 123.398
Total Current Liabilities 177,779 144.498
Fund Equity:
Contributed capital 107,523 107,523
Retained earnings 1.520.023 1,747.981
Total Fund Equity 1.627,546 1,855,504
Total Liabilities and Fund Equity $ 1,805,325 $ 2.000.002
82 9911.62
COUNTY OF WELD
STATE OF COLORADO
Enterprise Fund
Ambulance Fund
Statement of Revenues. Expenses and
Changes in Fund Balances - Budget and Actual
For the fiscal year ended December 31. 1997
(With comparative totals for the fiscal year ended December 31, 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
Operating Revenues:
Rescue unit fees $ 3.067.985 $ 3,497.309 $ 429,324 $ 3,079.363
Total Operating Revenues 3.067.985 3.497,309 429.324 3.079.363
Operating Expenses:
Bad debt expense 973.719 1.067,316 (93.597) 569.848
Personnel services 1.531.296 1.578.268 (46.972) 1.267.912
Supplies 126.073 138,259 (12.186) 121,988
Purchased services 270,300 601.324 (331.024) 281.083
Depreciation 200.000 169,137 30.863 159.227
Other 255,070 201.570 53.500 166.911
Total Operating Expenses 3.356.458 3,755.874 (399.416) 2.566.969
Operating Income (Loss) (288,473) (258.565) 29.908 512.394
Nonoperating Revenues:
State grants 12,400 12.391 (9) 76.439
Donations 0 15,816 15,816 1,008
Other 0 0 0 7.820
Sale of assets 0 2,400 2,400 960
Total Nonoperating Revenues 12,400 30,607 18.207 86.227
Net Income (Loss) (276.073) (227.958) 48.115 598,621
Retained Earnings at Beginning of Year 1.747.981 1,747.981 0 1,149.360
Retained Earnings at End of Year $ 1.471.908 $ 1,520,023 $ 48,115 $ 1.747.981
Rl 981162
r1
INTERNAL SERVICE
FVNDS
•
Internal Service Funds are established to account for goods and services provided
to other departments of the County on a cost-reimbursement basis.
98 162
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
EXPLANATION OF INDIVIDUAL FUND
December 31, 1997
Motor Vehicle Fund:
This fund accounts for the revenue and costs generated by equipment and vehicles rented to the
Public Works Fund and to various departments of other County funds.
Health Insurance Fund:
This fund accounts for the County's self-insured dental and vision coverage. Revenue is generated
from contributions from the employees of the county. Disbursements are made after insured claims
have been verified and approved.
Printing and Supply Fund:
This fund accounts for revenue and costs associated with providing printing services and the supply
and stores function of the County. In 1997 this activity was transferred to the General Fund.
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.
•
85 981162
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Combining Balance Sheet
December 31. 1997
(With comparative totals for December 31, 1996)
Motor Health
Vehicle Insurance
Fund Fund
ASSETS
Current Assets:
Cash and short-term investments $ 890.794 $ 120.165
Receivables
(net of allowance for uncollectibles):
Current property taxes 0 0
Delinquent property taxes 0 0
Accounts 18.841 406
Due from other County funds 109,403 0
Inventories 14.116 0
Other assets 0 0
Total Current Assets 1,033.154 120,571
Fixed Assets:
Land 1.336,267 0
Improvements other than buildings 261.313 0
Buildings 2.820,396 0
Machinery and equipment 14,964.581 0
Accumulated depreciation (10,005,644) 0
Total Fixed Assets 9,376.913 0
Total Assets $ 10,410.067 $ 120,571
LIABILITES AND FUND EQUITY
Current Liabilities:
Accounts payable $ 121.030 $ 4.290
Due to other County funds 7.461 0
Accrued liabilities 0 0
Deferred revenue 0 0
Current portion of long term debt 0 0
Total Current Liabilities 128,491 4.290
Long-term Liabilities:
Certificates of participation 0 0
Total Long-term Liabilities 0 0
Total Liabilities 128.491 4.290
Fund Equity:
Contributed capital 7,798.660 0
Unreserved retained earnings 2.482.916 116,281
Total Fund Equity 10,281.576 116,281
Total Liabilities and Fund Equity $ 10,410,067 $ 120.571
9"-l162
86
Phone Weld Totals
Insurance Services Finance
Fund Fund Corporation 1997 1996
$ 1.180.649 $ 120,630 $ 234.497 $ 2.546,735 $ 1.955,279
1,010.756 0 0 1.010,756 550,000
1.357 0 0 1.357 2,004
0 602 0 19.849 26.453
5.071 16.335 0 130.809 265.224
0 0 0 14.116 138.275
77,873 0 0 77,873 155.880
2.275,706 137,567 234,497 3.801,495 3.093.115
0 0 0 1.336.267 1.336,667
0 0 0 261,313 230.354
0 0 9,153.946 11.974,342 4.817,469
0 897.046 0 15,861.627 15.496.265
0 (575.239) (735,810) (11.316.693) (10.570.334)
0 321.807 8.418.136 18.116.856 11,310,421
$ 2.275.706 $ 459,374 $ 8.652,633 $ 21.918.351 $ 14,403.536
$ 46 $ 8.172 $ 0 $ 133.538 $ 294.170
300 5,819 0 13.580 415.112
224,575 15.677 0 240,252 341.125
1.012.113 0 0 1.012,113 552.003
0 0 255.111 255.111 186,757
1.237.034 29,668 255.111 1,654.594 1.789,167
0 0 8.545.236 8.545.236 1.396.621
0 0 8.545.236 8.545.236 1,396.621
1.237.034 29.668 8.800.347 10,199.830 3.185.788
0 464,944 0 8.263.604 8,065.721
1.038.672 (35.238) (147.714) 3.454.917 3.152.027
1.038.672 429.706 (147.714) 11.718,521 11.217,748
$ 2.275.706 $ 459.374 $ 8.652.633 $ 21.918.351 $ 14.403.536
> r ' ,i
R7 981.162
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, 1997
(With comparative totals for the fiscal year ended December 31, 1996)
Motor Health Printing 8
Vehicle Insurance Supply
Fund Fund Fund
Operating Revenues:
Contributions S 0 $ 169.827 $ 0
Rental income 0 0 0
Charges for services 3,378.505 0 0
Total Operating Revenues 3.378,505 169,827 0
Operating Expenses:
Personnel services 0 0 0
Supplies 482.743 0 0
Purchased services 1,428,061 0 0
Insurance and bonds 0 5,040 0
Depreciation 1.455,590 0 0
Other 104.871 0 0
Claims 0 158,623 0
Total Operating Expenses 3,471.265 163,663 0
Operating Income (Loss) (92.760) 6.164 0
Nonoperating Revenues (Expenses):
Taxes 0 0 0
Miscellaneous 653 0 - 0
Fees 0 0 0
Gain on disposition of assets 166,707 0 0
Judgements and damages 0 0 0
Interest 0 0 0
Total Nonoperating Revenues (Expen 167.360 0 0
Income (Loss) Before Operating Transfers 74.600 6.164 0
Operating Transfers:
Operating transfers - in 0 0 5.538
Total Operating Transfers In (Out) 0 0 5.538
Net Income (Loss) 74.600 6.164 5,538
Retained Earnings at Beginning of Year 2.408.316 110,117 (5.538)
Retained Earnings at End of Year $ 2.482,916 $ 116.281 $ 0
88
Phone Weld Totals
Insurance Services Finance
Fund Fund Corporation 1997 1996
$ 0 $ 0 $ 0 $ 169,827 $ 214,875
0 0 476,148 476.148 268.001
222,713 686,158 0 4.287,376 4.376.684
222.713 686.158 476.148 4,933,351 4,859.560
1.999 108.309 0 110.308 161.740
557 8.954 0 492.254 573.001
6,686 487,546 231.284 2.153.577 1,966,985
112.466 0 0 117.506 14.811
0 95.656 85,895 1.637.141 1.543.760
496 34,021 0 139,388 587.119
369.052 0 0 527.675 916.399
491.256 734.486 317,179 5.177,849 5.763.815
(268.543) (48.328) 158,969 (244.498) (904.255)
547.993 0 0 547.993 550.225
45,206 0 52.603 98.462 76,560
0 0 0 0 1.327
0 0 0 166.707 70.666
62.379 0 0 62.379 97,958
0 0 (333.691) (333.691) (111.660)
655.578 0 (281.088) 541,850 685,076
387.035 (48.328) (122.119) 297,352 (219,179)
0 0 0 5,538 0
0 0 0 5,538 0
387.035 (48,328) (122,119) 302.890 (219,179)
651.637 13,090 (25.595) 3.152,027 3,371.206
$ 1.038.672 $ (35.238) $ (147,714) $ 3,454,917 $ 3.152.027
89 981162
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Combining Statement of Cash Flows
For the Year Ended December 31, 1997
(With comparative totals for the fiscal year ended December 31. 1996)
Motor Health Printing
Vehicle Insurance and Supply
Fund Fund Fund
CASH FLOWS FROM OPERATING ACTIVITIES:
Operating income (loss) $ (92 760) $ 6.164 E 0
Adjustments to reconcile operating
income (loss) to net cash provided by
operating activities:
Depreciation 1,455,590 0 0
Miscellaneous Revenue 653 0 0
Change in assets and liabilities:
(Increase) decrease in accounts receivable (138.621) (406) 737
(Increase) decrease in inventory 3.513 0 120,646
(Increase) decrease in other assets 0 0 180.071
Increase (decrease) in accounts payable (121.466) 4.290 (16,641)
Increase (decrease) in accrued liabilities (1,465) 0 (4,351)
Increase (decrease) in other liabilities 6.437 0 (169.598)
Total adjustments 1 204 641 3 884 110 864
Net cash provided by (used for)
operating activities 1 111 881 10 048 110 864
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Taxes 0 0 0
Cash transfers 0 0 (110 864)
Net cash provided by (used for) noncapital
financing activities 0 0 (110 864)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES:
Interest paid on borrowings 0 0 0
Proceeds from sale of assets 303.117 0 0
Acquisition of capital assets (1.090,700) 0 0
P-oceeds from issuance of long-term debt 0 0 0
P-incipal paid on long-term debt 0 0 0
Net cash used for capital
and related financing activities (787 583) 0 0
•
CASH F_OWS FROM INVESTING ACTIVITIES:
Interest on investments 0 0 0
Net Increase (Decrease) in Cash and Cash Equivalents 324.298 10.048 0
Cash and Cash Equivalents at Beginning of Year 566 496 110 117 0
Cash and Cash Equivalents at End of Year $ 890,794 $ 170 J65 E 0
9F1162
90
Phone Weld
Insurance Services Finance Totals
Fund Fund Corporation 1997 1996
S (768..543) $ (48 378) $ 158.969 5 (244 498) $ (904 255)
0 95.656 85.895 1.637.141 1.543.760
107.585 0 0 108.238 160.482
(447.941) 90.822 0 (495.409) 71.564
0 0 0 124.159 (14.168)
74.258 0 0 254.329 (143.413)
(12.661) (14.154) 0 (160.632) 187.718
(95.800) 741 0 (100.875) (244.241)
408 070 (186 334) 0 58 575 390 584
33_511 (13_269) 85 895 1 425_.526 1 952 287
(235 032) (61 597) 244 864 1 181 0789 1048 037
547.993 0 0 547.993 550.225
0 0 0 (110 864) 0
547 993 0 0 437 129 550 725
0 0 (333.691) (333.691) (111.660)
0 0 0 303.117 90,040
0 0 (7,175.000) (8.265.700) (1,273.416)
0 0 7.405.782 7.405.782 0
Q 0 (188 813) (188 813) (176 757)
0 0 (791.722) (1 079 305) (1 471 793)
0 0 57 601 52 603 12 170
312.961 (61.597) 5.745 591.455 138.584
867 68Q 182 227 778 752 1 955 280 1 816 696
S 1 180 649 $ 170 630 $ 234 497 $ 2 546 735 $ 1 955_780
991162
91
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. 1997
(With comparative totals for the fiscal year ended December 31, 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
Operating Revenues:
Charges for services $ 1.946.499 $ 2,032,907 $ 86.408 $ 2.590,787
Miscellaneous 1.481.610 1,345,598 (136,012) 733.937
Total Operating Revenues 3,428.109 3.378.505 (49.604) 3,324,724
Operating Expenses:
Personnel services 0 0 0 (1,120)
Supplies 362,039 482,743 (120.704) 528,827
Purchased services 1.534.589 1,428.061 106,528 1,442.814
Depreciation 1.481.610 1.455,590 26,020 1.401.638
Other 104.871 104.871 0 31,851
Total Operating Expenses 3.483.109 3.471.265 11,844 3.404,010
Operating Income (Loss) (55.000) (92.760) (37.760) (79.286)
Nonoperating Revenues:
Miscellaneous 0 653 653 653
Gain on disposition of assets 175.000 166.707 (8.293) 70,266
Total Nonoperating Revenues 175,000 167.360 (7.640) 70,919
Net Income (loss) 120.000 74,600 (45,400) (8,367)
Retained Earnings at Beginning of Year 2.408.316 2,408,316 0 2,416.683
Retained Earnings at End of Year $ 2,528.316 $ 2.482.916 $ (45.400) $ 2.408.316
•
9'1:.162
92
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. 1997
(With comparative totals for the fiscal year ended December 31. 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
Operating Revenues:
Contributions $ 157.320 $ 169.827 $ 12.507 $ 214,875
Operating Expenses:
Purchased services 3,000 0 3.000 0
Insurance and bonds 0 5,040 (5.040) 63.404
Claims 194,320 158.623 35.697 157.278
Total Operating Expenses 197.320 163,663 33,657 220.682
Operating Income (Loss) (40.000) 6,164 46,164 (5.807)
Nonoperating Revenues:
Cobra revenue 0 0 0 1.328
Total Nonoperating Revenues 0 0 0 1,328
Net Income (Loss) (40,000) 6.164 46.164 (4.479)
Retained Earnings at Beginning of Year 110,117 110.117 0 114,596
Retained Earnings at End of Year $ 70.117 $ 116,281 $ 46.164 $ 110.117
.7 R n , .. 981162
93
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Printing and Supply Fund
Statement of Revenues, Expenses and
Changes in Retained Earnings - Budget and Actual
For the fiscal year ended December 31. 1997
(With comparative totals for the fiscal year ended December 31, 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
Operating Revenues:
Charges for services $ 179.242 $ 0 $ (179.242) $ 122.739
Sale of supplies 140.000 0 (140.000) 13,598
Miscellaneous 30,000 0 (30.000) 20,954
Total Operating Revenues 349.242 0 (349.242) 157,291
Operating Expenses:
Personnel services 52.516 0 52,516 52.452
Supplies 146,700 0 146.700 35.103
Purchased services 75,688 0 75.688 67.989
Depreciation 1.179 0 1.179 1.616
Other 73,159 0 73,159 0
Total Operating Expenses 349.242 0 349.242 157.160
Operating Income (Loss) 0 0 0 131
Operating Transfers:
Operating transfers - in 0 5.538 5,538 0
Net Income (Loss) 0 5,538 5.538 131
Retained Earnings at Beginning of Year (5.538) (5,538) 0 (5.669)
Retained Earnings at End of Year $ (5.538) $ 0 $ 5.538 $ (5.538)
9Q11.62
94
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. 1997
(With comparative totals for the fiscal year ended December 31. 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
Operating Revenues:
Charges for services $ 205,598 $ 222.713 $ 17.115 $ 202,843
Operating Expenses:
Supplies 5.000 557 4,443 788
Purchased services 41,100 8.685 32.415 4.296
Insurance and bonds 293.998 112,466 181.532 (48.593)
Other 500 496 4 506.241
Claims 825.000 369.052 455.948 759.121
Total Operating Expenses 1.165.598 491.256 674.342 1.221.853
Operating Income (Loss) (960.000) (268,543) 691.457 (1.019.010)
Nonoperating Revenues:
General property taxes 550.000 547,079 (2.921) 548.974
Penalties 8 interest 0 914 914 1.251
Compensation for loss 30.000 62.379 32.379 97.957
Earnings on deposits 80,000 45,206 (34.794) 63.787
Total Nonoperating Revenues 660.000 655,578 (4,422) 711.969
Net Income (Loss) (300.000) 387.035 687,035 (307.041)
Retained Earnings at Beginning of Year 651.637 651.637 0 958.678
Retained Earnings at End of Year $ 351.637 $ 1.038.672 $ 687,035 $ 651.637
981.162
95
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. 1997
(With comparative totals for the fiscal year ended December 31, 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
Operating Revenues:
Charges for services $ 759.937 $ 686.158 $ (73.779) $ 691.825
Total Operating Revenues 759.937 686,158 (73.779) 691,825
Operating Expenses:
Personnel services 114,184 108,309 5,875 110.108
Supplies 15.300 8.954 6.346 8.281
Purchased services 499.702 487,546 12.156 452.186
Depreciation 96.730 95,656 1.074 71.297
Other 34,021 34.021 0 48.595
Total Operating Expenses 759.937 734,486 25.451 690,467
Operating Income (Loss) 0 (48.328) (48.328) 1,358
Nonoperating Revenues:
Gain on disposition of assets 0 0 0 400
Income (Loss) Before Operating Transfers 0 (48.328) (48.328) 1.758
Operating Transfers - In:
Net Income (Loss) 0 (48.328) (48.328) 1.758
Retained Earnings at Beginning of Year 13.090 13.090 0 11.332
Retained Earnings at End of Year $ 13.090 $ (35.238) $ (48.328) $ 13.090
9F11.62
96
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. 1997
(With comparative totals for the fiscal year ended December 31, 1996)
1997 1997 1997 1996
Budget Actual Variance Actual
Operating Revenues:
Rental income $ 291.535 $ 476,148 $ 184.613 $ 268.001
Total Operating Revenues 291.535 476,148 184,613 268,001
Operating Expenses:
Purchased services 0 231,284 (231,284) 0
Depreciation 190.000 85,895 104,105 69.208
Other 0 0 0 432
Total Operating Expenses 190.000 317,179 (127,179) 69,640
Operating Income (Loss) 101.535 158.969 57.434 198.361
Nonoperating Revenues/Expenses:
Interest income 0 52.603 52.603 12.119
Interest expense (101.535) (333.691) (232.156) (111,660)
Total Nonoperating Revenues (101.535) (281.088) (179.553) (99.541)
Net Income (loss) 0 (122.119) (122.119) 98.820
Retained Earnings at Beginning of Year (25.595) (25,595) 0 (124.415)
Retained Earnings at End of Year $ (25.595) $ (147.714) $ (122.119) $ (25.595)
981162
97
TRUST AND AGENCY
FVNDS
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.
981162
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
EXPLANATION OF INDIVIDUAL FUND
December 31, 1997
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, and 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 appropriated financial institutions through the payroll direct
deposit system and the various vendors for the withholdings.
Deferred Compensation Fund:
This fund accounts for,and invests,the accumulation of voluntary employee contributions.
Pursuant to Internal Revenue Code Section 457,the funds are the property of Weld County
until such time as the employee terminated or otherwise qualifies for payment through the
plan guidelines.
Emergency Telephone Service:
This fund accounts for the E-911 function in the County which services all emergency
agencies of the County.
99 981162
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Combining Balance Sheet
December 31. 1997
(With comparative totals for December 31. 1996)
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 $ 25 $ 80,272 $ 51,249 $ 0
Accounts Receivables
(net of allowance for uncollectibles) 0 0 0 10.796
Due from other County funds 0 4,561 0 0
Due from other agencies 0 0 0 0
Prepaid expense 0 0 0 179.070
Restricted Assets
Cash 0 0 0 488.734
Retirement plan investments 0 0 0 64.844.390
Deferred compensation plan investment 0 0 0 0
Total Assets $ 25 $ 84,833 $ 51.249 $ 65.522.990
Liabilities and Fund Equity
Accounts payable $ 0 $ 4,801 $ 47,040 $ 54,934
Due to other County funds 0 80.032 0 0
Due to other governments 0 0 0 0
Payable from restricted assets
Deferred compensation payable 0 0 0 0
Total Liabilities 0 84.833 47.040 54.934
Fund Balances:
Reserved for employee benefits 0 0 0 56.148.086
Unreserved 25 0 4,209 9.319.970
Total Fund Balances 25 0 4,209 65.468.056
Total Liabilities and Fund Equity $ 25 $ 84,833 $ 51.249 $ 65,522.990
9"l.1.62
100
Agency Funds Totals
Emergency
General Payroll Deferred Telephone
Agency Agency Compensation Service 1997 1996
$ 3.510,317 S 262.474 $ 0 $ 1.006.711 S 4,911.048 S 4.724,632
3,464 2,962 0 38 17,260 55,830
0 2.962 0 0 7.523 126.621
0 0 0 0 0 5.024
996 0 0 0 180,066 0
0 0 0 0 488,734 998,120
0 0 0 0 64.844.390 54.307.408
0 0 2.878.226 0 2.878.226 2.326.058
$ 3.514.777 $ 268.398 $ 2.878,226 $ 1.006.749 $ 73.327,247 $ 62,543.693
$ 3.537 $ 268.398 $ 0 $ 65,481 $ 444,191 $ 379,120
207 0 0 0 80,239 134.176
3.511.033 0 0 941.268 4.452.301 4.492.525
0 0 2.878.226 0 2.878.226 2,326.059
3,514,777 268.398 2.878.226 1,006,749 7.854,957 7,331.880
0 0 0 0 56.148.086 42.547,960
0 0 0 0 9,324.204 12.663.853
0 0 0 0 65.472.290 55.211.813
$ 3.514.777 $ 268.398 $ 2.878.226 $ 1.006.749 $ 73,327.247 $ 62.543.693
•
981162
101
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, 1997
(With comparative totals for the fiscal year ended December 31, 1996)
Weld County Retirement Plan
1997 1996
Additions:
Contributions $ 3,076,087 $ 2,930,702
Earnings on investments 8,437,304 3.869,043
Net appreciation in fair market
value of investments 1,346,316 2.001,487
Total Additions 12,859.707 8,801.232
Deductions:
Actuarial/trustee fees 197,241 328,798
Benefit payments 2.396.848 2.366.659
Supplies 6.284 10,000
Total Deductions 2.600,373 2,705.457
Increase in net assets 10.259,334 6,095,775
Net assets held in trust for pension benefits
Beginning of the year 55.208.722 49,112,947
End of the year $ 65.468,056 $ 55,208,722
9Q41.62
102
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. 1997
(With comparative totals for the fiscal year ended December 31. 1996)
North Colorado Employee Totals
Medical Center Flexible
Trust Spending 1997 1996
Revenues:
Earning on investments $ (449) $ 0 $ (449) $ 5.424
Contributions 0 242.262 242.262 188.460
Total Revenues (449) 242.262 241,813 193.884
Expenditures:
Reimbursements 0 242,262 242.262 188.460
Claims 0 0 0 108,636
Total Expenditures 0 242,262 242.262 297.096
Excess of Revenues Over (Under) Expendit (449) 0 (449) (103.212)
Fund Balances at Beginning of Year 474 0 474 103.686
Fund Balances at End of Year $ 25 $ 0 $ 25 $ 474
991.162
103
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Nonexpendable Trust Fund
Statement of Revenues, Expenditures and
Changes in Fund Balance
For the fiscal year ended December 31. 1997
(With comparative totals for the fiscal year ended December 31, 1996)
Waste Services
1997 1996
REVENUES
Earnings on deposits $ 1,592 $ 1.453
Net Income 1,592 1,453
Fund Balance at Beginning of Year 2,617 1,164
Fund Balance at End of Year $ 4,209 $ 2,617
9F11.62
104
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. 1997
Balance Balance
01/01/97 Additions Deductions 12/31/97
GENERAL AGENCY FUND
Assets:
Cash $ 3,264,360 $ 287,797,494 $ 287,551,537 $ 3,510,317
Accounts receivable 9,637 45,866 52.039 3.464
Due from other governments 5.024 0 5.024 0
Prepaid expenses 0 996 0 996
Total Assets $ 3.279.021 $ 287.844.356 $ 287,608,600 $ 3,514,777
Liabilities:
Accounts payable $ 33.127 $ 60.321 $ 89.910 $ 3,538
Due to other governments 3,245,894 287,784,035 287,518,690 3.511.239
Total Liabilities $ 3.279.021 $ 287,844,356 $ 287,608.600 $ 3.514.777
PAYROLL AGENCY FUND
Assets:
Cash $ 196,734 $ 14.621.765 $ 14.556.025 $ 262,474
Accounts receivable 0 2.962 0 2,962
Due from other County funds 0 2,962 0 2.962
Total Assets $ 196,734 $ 14.627.689 $ 14,556,025 $ 268.398
Liabilities:
Accounts payable $ 196.734 $ 14.627.689 $ 14.556.025 $ 268.398
Total Liabilities $ 196.734 $ 14,627,689 $ 14.556,025 $ 268,398
DEFERRED COMPENSATION FUND
Assets:
Investments $ 2,326,058 $ 811.792 $ 259.624 $ 2,878,226
Liabilities:
Deferred compensation payable $ 2,326,058 $ 811.792 $ 259,624 $ 2,878,226
EMERGENCY TELEPHONE SERVICE
Assets:
Cash $ 1.226.917 $ 238,322 $ 458.528 $ 1,006.711
Account receivable 37,555 433,286 470.803 38
Total Assets $ 1,264.472 $ 671.608 $ 929.331 $ 1.006,749
Liabilities:
Accounts payable $ 17.841 $ 60,589 $ 12,949 $ 65,481
Due to other governments 1.246.631 611,019 916.382 941,268
Total Liabilities $ 1,264,472 $ 671.608 $ 929,331 $ 1.006,749
TOTAL - ALL AGENCY FUNDS
Assets:
Cash $ 4.688,011 $ 302.657.581 $ 302,566,090 $ 4,779,502
Investments 2,326,058 811.793 259,624 2,878.227
Accounts receivable 47.192 482.113 522,842 6,463
Due from other County funds 5.024 2.962 5.024 2,962
Prepaid expenses 0 996 0 996
Total Assets $ 7,066,285 $ 303,955,445 $ 303,353.580 $ 7,668.150
Liabilities:
Accounts payable $ 247,702 $ 14,748,599 $ 14,658,884 $ 337,417
Due to other governments 4.492,525 288,395.054 288,435,072 4.452,507
Deferred compensation payable 2,326,058 811,792 259,624 2,878,226
Total Liabilities $ 7,066,285 $ 303,955,445 $ 303,353,580 $ 7,668,150
105 981162
GENERAL FIXED ASSETS
ACCOUNT GROVP
4F
Investment in property and equipment, except for those of the Proprietary Funds, are
recorded in the account group.
0911162
COUNTY OF WELD
STATE OF COLORADO
General Fixed Assests Account Group
Schedule of General Fixed Assets by Source
December 31, 1997
(With comparative totals as of December 31. 1996)
GENERAL FIXED ASSETS: 1997 1996
Land E 2,561.997 $ 2.561.998
Buildings 26.069.317 24.035.732
Improvements other than buildings 3.130.108 2,797.206
Leasehold Improvements 30.201 29.596
Machinery and Equipment 9.339,727 7.325,540
Construction in Progress 424 826 5 114 717
TOTAL ASSETS 541 556 176 $41 864 789
INVESTMENTS IN GENERAL FIXED ASSETS BY SOURCE:
General Fund $ 6.407.511 $ 5.514.960
Special Revenue Funds 1.838.111 1.667.201
Capital Projects Fund 33.166.988 34.555,228
Donations 143_566 127 400
TOTAL INVESTMENTS IN GENERAL FIXED ASSETS $41 556 176 $41 864 789
107 991162
COUNTY OF WELD
STATE OF COLORADO
General Fixed Assests
Schedule of General Fixed Assets by Function and Activity
December 31. 1997
(With comparative totals as of December 31, 1996)
Land Leasehold Equipment & Construction Memorandum Totals
land Jmorovpmpnts Buildings Improvements Furniture In Progress 1997 1996
GENERAL GOVERNMENT:
Office of the Board S 0 $ 0 $ 0 S 0 S 16,220 S 0 S 16.220 E 16,869
County Attorney 0 0 0 0 8.517 0 8.517 6.867
Clerk to the Board 0 0 0 0 24.627 0 24,627 25.861
County Clerk 0 0 0 0 265.756 0 265.756 270.018
Elections 0 0 0 0 594.523 0 594.523 19,179
Treasurer 0 0 0 0 21,130 0 21,130 21.130
Assessor 0 0 0 0 44,643 0 44.643 44,643
County Council 0 0 0 0 603 0 603 603
District Attorney 0 0 0 0 71.248 0 71,248 74,374
Finance 0 0 0 0 3,727 0 3.727 3,727
Accounting 0 0 0 0 8.966 0 8,966 8,966
Purchasing 0 0 0 0 644 0 644 5.252
Personnel 0 0 0 0 7.872 0 7.872 7.872
Planning 0 0 0 0 7.094 0 7.094 7.094
Buildings and Grounds 0 0 0 0 76.463 0 76.463 81.153
Data Processing 0 0 0 0 2.750.681 0 2.750.681 1.969.357
Capital Improvements 2,128.315 2,186.472 20.180.438 29.596 0 0 24,524.821 24.290.597
Printing and Supply 0 0 0 0 102_593 0 102593 97 453
TOTAL GENERAL GOVERNMENT 2 128 315 2 186 477 20 180 438 29 595 4 005 307 0 78 530 128 26 951 014
PUBLIC SAFETY:
Sheriff Administration 0 594.458 1.589.815 0 791.938 0 2,976.211 6.066.957
Task Force 0 0 0 0 0 0 0 0
Communications 43.474 0 336,645 0 2.771.774 0 3.151.893 2.496.072
Ambulance 0 0 0 0 1.473 0 1.473 1.473
County Coroner 0 0 0 0 6.398 0 6.398 5.060
Community Corrections 0 0 0 0 635 0 635 3.211
Building Inspection 0 0 0 0 621 0 621 621
Emergency Management 0 0 0 0 45 379 0 45379 45 379
TOTAL PUBLIC SAFETY 43 474 594 458 1 926 460 0 3.618 218 0 6 182 610 8 618 773
PUBLIC WORKS:
Roads and Bridges 0 22 78Q 0 0 79 945 87 497 185 217 93 027
HEALTH AND WELFARE:
Health 162.069 20.090 0 0 250.807 75,542 505,508 431.946
Public Welfare 170 318 18 068 780 492 0 316 463 269 797 1 555 133 1 263 755
TOTAL HEALTH AND WELFARE 332 387 38 158 780 492 0 567,270 342_334 2 060 641 1 695 701
ECONOMIC ASSISTANCE:
Housing 0 0 0 0 10.007 0 10.007 10.007
Hunan Services 38 414 46 015 1 052.837 0 1 002 871 0 2 140 118 7 077 166
TOTAL ECONOMIC ASSISTANCE 38 414 46 016 1 052 837 0 1 012 878 0 2 150 145 2 087 171
AUXILLARY SERVICES:
Missile Park 0 139.762 38.757 0 0 0 178,519 180,005
Library 19,207 7.020 1,076.287 0 0 0 1.102.514 1.102.514
Extension Services 200 95.442 1.014.046 0 54.154 0 1.163.842 1,139.626
Fleet Maintenance 0 0 0 0 1.208 0 1,208 1.208
Veterans Administration 0 0 0 605 747 0 1 357 747
TOTAL AUXILLARY SERVICES 19 407 247224 2 129 090 605 56 109 0 2 447 435 2 424 100
TOTAL GENERAL FIXED ASSETS $ 2 561 997 S 3 130.108 $ 26 069,317 S 30 201 $ 9,339 727 $ 424 826 E 41 556 176 E 41 864 789
9°i.162
1(1R
COUNTY OF WELD
STATE OF COLORADO
General Fixed Assests
Schedule of Changes in General Fixed Assets
By Function and Activity
For the Year ended December 31. 1997
General General
Fixed Assets Fixed Assets
01/01/97 Transfers Additions Deletions 12/31/97
GENERAL GOVERNMENT:
Office of the Board $ 16.869 E 0 E 0 $ 649 E 16,220
County Attorney 6.867 0 1.650 0 8.517
Clerk to the Board 25,861 0 0 1.234 24.627
County Clerk 270,018 2,317 0 6.579 265.756
Elections 19.179 (3.240) 591,948 13.364 594.523
Treasurer
Assessor 44.643 0 0 0 44.643
County Council 0 0 0 44.603
603 0 0
District Attorney 74.374 0 603
0 0 3,126 71.248
Finance 3.727
Accounting 8.966 0 0 0 0 0 8.966
Purchasing 5.252 0 0 8 6.644
0 0 4.608 644
Personnel
7.872
0 0 0 7,872
Planning 7.094 0 0 0 7.094
Buildings and Grounds 81.153 0 850 5,540 76.463
Data Processing 1.969.357 0 843.447 62.123 2.750.681
Capital Improvements 24,290.597 0 234.224 0 24,524.821
Printing and Supply 97 453 0 5 140 0 102 593
TOTAL GENERAL GOVERNMENT 26 951 015 (923), 1 677 259 97 223 28.530 128
PUBLIC SAFETY:
Sheriff Administration 6.066.957 4.089.115 7,179,861 2.976.211
Task Force
0
Communications 2.496.072 663.553 0 0
Ambulance 7 730 3.151,893
1.060 0 0 0 1.473
County Coroner 5.060 0 1.338 0 6,398
Community Corrections 3,211 0 2.576 635
Building Inspection 621 0 0 0 621
Emergency Management 45_379 0 0 0 45 379
TOTAL PUBLIC SAFETY 8 618 77,1 0 4.754 00E 7 190 169 6,182 610
PUBLIC WORKS:
Roads and Bridges 93 027 923 93 727 2 460 185 217
HEALTH AND WELFARE:
Health 431,946 0 80.897 7,335 505.508
Public Welfare 1763 755 0 291 37@ 0 1 555 133
TOTAL HEALTH AND WELFARE 1 695 701 0 372 775 7 335 2 060 641
ECONOMIC ASSISTANCE:
Housing 10.007 0 0 0 10,007
Hunan Services 2 072166 0 67 972 0 2 140 138
TOTAL ECONOMIC ASSISTANCE 2 087 173 0 67 972 0 2 150 145
AUXILLARY SERVICES:
Missile Park 180.005 0 0 1.486 178.519
Library 1.102.514 0 0 0 1.102.514
Extension Services 1.139.626 0 24,216 0 1.163.842
Fleet Maintenance 1.208 0 0 0 1.208
Veterans Administration 747 0 605 0 1 357
TOTAL AUXILLARY SERVICES 2 424 100 0 24 821 1.486 2 447 435
TOTAL GENERAL FIXED ASSETS $ 41 864 789 S 0 $ 6 990 060 $ 7 298 67a $ 41 556.176
109 981162
LONG—TERM DEBT
ACCOVNT GROVP
}
ar
. 1
gi44 p,
kr, 'lift
i'
dr4 - ',
ii
. "" .
"' °\� �\amp-
Sick and vacation accrual and long term lease liabilities for Governmental Fund types are
recorded in this account group.
491.1.62
COUNTY OF WELD
STATE OF COLORADO
General Long-term Debt Account Group
Schedule of Long-Term Debt
December 31. 1997
(With comparative totals for the fiscal year ended December 31. 1996)
1997 1996
Amounts to be Provided for Retirement
Of General Long-Term Debt $ 1.247.544 $ 1,308.558
Liabilities:
Special assessment bonds payable 10,000 0
Vacation and sick-leave accrual 1.237,544 1,096.757
Obligation on long-term lease 0 211,801
Total General Long-Term Debt $ 1.247.544 $ 1.308.558
111 981162
STAT1 ST1 CAL
SECTION
S
981162
COUNTY OF WELD
STATE OF COLORADO
Tables Relating to Bonded Debt
(Unaudited)
December 31, 1997
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
9031.162
113
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
1988 $ 7.251.985 $ 7.869,950 $ 8.292.283 $ 20,156.719
1987 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 11,947.971 14.259,703 13.775,099 31.956,369
1997 12,174.652 15.080.985 16.287.124 30.211,705
General Revenue by Source
(Unaudited)
Last Ten Years
Licenses Intergovernmental
Year Taxes and Permits Revenue
1988 $ 19,614,179 $ 575.744 $ 27,359.869
1989 21.192.869 608.224 29,296.166
1990 22,300.072 597.294 34.488.199
1991 23.867,746 647.634 37,805.169
1992 24,932.140 840.856 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 31,314,756 987,773 43.123.798
1997 31,864.782 1.134.380 45.660.932
9"x.162
114
Auxiliary Capital Debt Intergovernmental Total
Services* Outlay Service Expenditures Miscellaneous Expenditures
$ 6.261,841 $ 3.740.305 $ 242.953 $ 720.201 $ 2.251.269 $ 56,787.506
7.194.666 2.126.620 467,344 788,412 1.987,768 59.482.376
8,528,763 679.565 485.929 741,208 1.713.701 64.799,873
7.761.470 2.164.396 461.193 810,111 1,129.079 70,142.870
10.109,482 4,507.019 174,194 809.896 3.572.646 81.192,879
8,737,127 1.834.261 315.046 667.306 3.841.513 79.728.582
8.313.101 4.689.250 181.228 678.046 4.756.162 88,412.062
8.860.831 3.274,359 154,507 522.232 8.181.245 89.962,167
7.063.067 6.077,085 107,963 559.388 2.330.382 88,077,027
8,159.490 6,574.292 289,363 486.365 1,154.747 90.418.723
*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
$ 1.632,229 $ 35.469 $ 5.552,233 $ 1.693.026 $ 56.462.749
1,952,168 66,635 4,977.219 1,896,373 59.989.654
2.102.201 66.941 4.502.642 2.221,264 66.278,613
1,975,095 56,652 4.121.565 2.473.394 70,947,255
2,009.366 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
4.957.693 24.345 3.913,650 2,762,388 87,084.403
5,784.697 23,301 12.271.411 2.897.598 99.637.101
General revenue includes revenue of General, Special Revenue. Capital Projects
and Expendable Trust Funds.
981162
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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)
1988 5,777.30 1,836 30.20 693.30 1.649.80 1,026
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 *
* 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.
9162
116
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
Year Year Levy Collections Collected Collections Coll ectections Delinquent
T
Taxes
1988 1988 $ 18.931.528 $ 18.506,143 $ 97.75 $ 66,022 $ 18,572.165 $ 376.500
1989 1989 20.534,080 20.153.920 98.15
1990 1990 21.336.977 21.037.446 61.419 21.125.347 420.669
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
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
1988 $ 876.322.790 $ 5.477.017.437 $ 87,082,300 $ 300.283.793 $ 963,405,090 $ 5,777.301,230
1989 815.536.790 5.436.911,933 97,066,530 334.712.172 912.603.320 5.771.624.105
1990 807,052.260 5.627.979,497 99.979.210 344.755,897 907.031,470 5.972.735.394
1991 845.519.470 5.896.230,613 109,525,160 377.672.966 955,044.630 6,273.903,579
1992 820.834,330 5,724,088.773 135.566.770 467.471.621 956.401.100 6.191.560.394
1993 859.726.540 6,685.276,361 142.446,590 491,195,138 1.002.173.130 7.176.471.499
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
(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.
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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
1988 1988 391.2500 722.89 17.2100 4.5400 204.2900
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 5.9200 242.8300
1992 1992 587.7900 762.50 22.4600 5.9900 252.2400
1993 1993 595.7700 753.42 22.4600 6.3400 242.3000
1994 1994 593.5000 747.48 22.4600 6.3200 239.5300
1995 1995 575.8300 719.57 22.0400 6.1500 220.5800
1996 1996 565.9900 694.28 22.0400 6.3200 245.1200
1997 1997 541.6000 710.62 22.0400 6.2500 237.1800
Tax Revenues
1988 1988 $ 4,895,718 $ 46,369,646 $ 18.931.528 $ 4.507,157 $ 6,626.435
1989 1989 5.273.090 46.746,481 20,534,080 4.905.770 6,884.119
1990 1990 5,644.875 46.894.420 21.336.977 4.939,571 6.929.833
1991 1991 5.838.481 45.723.479 22.459.831 5,449.422 7.356,376
1992 1992 6.107,177 48.665.910 23.752.395 5.760.833 7.747.251
1993 1993 6,155.382 48.258.097 23.773.780 6.118,008 7.099.152
1994 1994 6.243.780 49,387.551 24.920.742 6.376.268 7,479,307
1995 1995 6,705.795 52.888.144 27.473,515 6.988.393 8.514.042
1996 1996 7.599.166 56,390,200 29,675.966 7,714.651 9.992,187
1997 1997 8,094,430 61,343.860 29.306.985 7,520.384 9.654.639
The basis for the property tax rates is per $1,000 assessed valuation.
9"1162
118
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
1988 (1) $ 132.170 $ 132.170 $ 100 $ 864.373
1989 (2) 143,626 143.626 100 914.708
1990 (3) 194.773 194,773 100 794.535
1991 (4) 188.602 188.602 100 742.081
1992 (5) 521.076 521,076 100 628.605
1993 (6) 335,532 335.532 100 679.639
1994 (7) 213.990 213,990 100 465.649
1995 (8) 243.621 243,621 100 222,028
• 1996 (8) 92,291 92,291 100 235.343
1997 (9) 46.039 46.039 100 189,304
Notes:
(1) Northmoor Special Assessment of $94.272.
(2) Antelope Hills Special Assessment 2 of $16,000. Casa Grande/Enchanted Hills
Special Assessment of $150,473. Knaus Special Assessment of $27.488.
(3) 71st Avenue Special Assessment of $74.600.
(4) Basswood Special Assessment of $11, 508. Eighty-third Avenue Special
Assessment of $124,640.
(5) Roads 15 & 84 Special Assessment of $357,600. Weld County Road 34 Special
Assessment of $25.000. Weld County Road 32 Special Assessment of $25.000.
(6) Weld County Road 8 Special Assessment of $114,000, Road 38 $53.035. Johnson
Subdivision $48.236. and Arrowhead Subdivision $171.294.
(7) No new special assessments.
(8) Roth Subdivision $86.456. Delwood Special Assessment $19.150.
991.162
119
COUNTY OF WELD
STATE OF COLORADO
Computation of Legal Debt Margin
(Unaudited)
December 31, 1997
Assessed Value. 1997 51.479.665.900
Debt Limit 3 Percent of Assessed Value 44.389.977
Amount of Debt Applicable to Limit:
Total Bonded Debt $ 0
Installment Purchase Agreements 5 0
Total Amount of Debt Applicable to
Debt Limit 0
Legal Debt Margin $ 44 389 977
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.
SPA1,62
120
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
1988 145.312 ** 1,810,807.000 13.296 ** ** **
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
Source: Greeley/Weld Economic Development Office (EDAP)
* Actual not available - Information is estimated
** Information is not available
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COUNTY OF-WELD
STATE OF COLORADO
Principal Taxpayers
(Unaudited)
December 31. 1997
Percent
1997 Of Total
Assessed Assessed
Valuation Valuation
Patina Oil & Gas Corporation $ 97.802.800 6.61%
US Resources Inc 78.874.720 5.33%
Eastman Kodak Company 71.292.840 4.82%
Public Service Company of Colorado 47,437.800
Amoco Production Company 3.21%
33.657.400 2.27%
Thermo Cogeneration Partnership
Duke Energy Field Services Inc 33.657.400 2 23%
US West Communications Inc 18.203.020 1.17Communications
17.357.600 1.88%Prima Oil & Gas Company
13.056.330 78%North American Resources Company
10 346 500 70%
$ 423 896 900 28 64%
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122
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics
(Unaudited)
December 31. 1997
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, 1996:
Elected Officials - 16
Department Heads - 13
Employees with Benefits - 855
Employees without Benefits - 203
7. Miles of Roads: Paved -
685.32
Unpaved - 2583.62
Unmaintained - 259.17
8. Building Permits: No. of
Lest' Permits Valuation
1988 1.836 30.195.777
1989 1.999 33.060.864
1990 1.670 32.463.224
1991 1.923 32.565.285
1992 2.020 42.051.597
1993 2.348 57.367.465
1994 2.236 62,952.384
1995 1.614 45.372.470
1996 1.721 55.739.785
1997 1.773 70.754.537
9. Motor Vehicle Registration: 1988 139.743
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
10. Special Districts within County: 30 - Cities and Towns
17 - Schools
23 - Fire
19 - Water 8 Other
2 - Colleges
13 - Sanitation
11. Cities and Towns: Ault Garden City Longmont
Brighton Gilcrest Mead
Broomfield Greeley Milliken
Dacono Grover Northglenn
Eaton Hudson Nunn
Erie Johnstown Pierce
Evans Keensburg Platteville
Firestone Kersey Raymer
Frederick LaSalle Severance
Ft. Lupton Lochbuie Windsor
12. Recreation: Golf Courses - 6
City and Regional Parks
Island Grove Recreational Complex
Greeley Recreation Center
123 981162
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics - Continued
(Unaudited)
December 31. 1997
13. Libraries: Ault Town Library 13.338 Volumes
Eaton Library 10.350 Volumes
Fort Lupton Library 25.500 Volumes
Glen A. Jones Library 16.072 Volumes
Hudson Library 6.450 Volumes
Platteville Library 15.860 Volumes
University of No. CO 1.500.000 Volumes
Weld Library District 272.992 Volumes
Windsor Public Library 34.564 Volumes
14. Elections: Number of Number Percent of
Registered of Votes Registered
Voters Cast Voters Voting
1982 General Election 51.476 36.301 70.5
1984 General Election 56.311 47.632 84.6
1986 General Election 62.725 38.488 61.1
1988 General Election 70.325 50.209 71.4
1990 General Election 68.148 37.927 55.6
1992 General Election 68.079 55.041 80.8
1993 General Election 64.161 25.044 39.0
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
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, 1997: State - 3%
Source: Weld County offices.
Individual Libraries
„4 981162
COUNTY OF.WELD
STATE OF COLORADO
Insurance In Force
(Unaudited)
December 31. 1997
Policy Period Details of Annual
Name of Company Policy Number Begins Expires Coverage
Liability Limits Premiums
National Union
Fire Insurance Co. 415-5237 01/01/97 12/31/97 Excess Worker's Employer's Liability
Compensation 51.000.000/Accident
Workers Compensation
Statutory Limits with
County Retaining First
$300.000 each claim $ 27,572
St. Paul Fire and Marine
Insurance Company GP09100207 07/01/97 06/30/98 Property Damage. Property: $50,000,000/
(Colorado Automobile
Counties All
Liability: 0 Deductible
Casualty & Liabilities All Liability: $250.000/
Property Pool) General Liability. Person: 5600.000/Claim
Public Officials Excess Liability: (Federal
Liability. Crime and Out-of-State Only)
St. Paul Fire and Marine 51.750,000/Person Excess
Insurance CO. 0P09100144 E 0: $600.000/Claim
(Colorado (Property Only) Excess $400.000
Counties Crime: 5150,000/Loss
Casualty & $500 Deductible
Property Pool) Property Claim
County retaining first
$125.000 each claim $ 217,231
125 981162
COUNTY OF WELD
STATE OF COLORADO
Salaries of Principal Officials
(Unaudited)
December 31.1997
ELECTED OFFICIALS:
Commissioners S 46.000
Clerk 8 Recorder $ 46.000
Treasurer S 46.000
Assessor $ 46.000
Sheriff $ 50.000
District Attorney S 85.000
County Coroner $ 38,000
APPOINTED:
County Attorney $ 88,953
Director of Planning $ 65.824
Director of Finance and Administration S 123,778
Director of General Services/Purchasing/Personnel $ 89.853
Director of Ambulance Services $ 71,944
County Engineer $ 71,944
Director of Social Services $ 76,337
Director of Health Department S 73,361
Director of Human Services $ 77,479
Comptroller $ 75.567
Public Works Operations Manager $ 71.944
Surety Bond Coverage for Princinal Officials
(Unaudited)
December 31, 1997
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 8 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.
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COUNTY OF WELD
STATE OF COLORADO
Private Purpose Revenue Bonds
(Unaudited)
December 31. 1997
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 2/91 735.000.00 0.00 30.000.00 705.000.00
Waste Service Corp. Landfill 2.500.000 2/91 2.185.000.00 0.00 70.000.00 2.115.000.00
RVNA Home Care Srv,Inc. Office 501,000 7/97 0.00 501,000.00 4.043.92 496.956.08
Weld Mental Health Office 650,000 6/84 260.000.00 0.00 55.000.00 205,000.00
Evangelical Lutheran Nursing Home 775,000 10/93 415,024.03 0.00 131.833.70 283.190.33
Greeley Center for
Independence. Inc. Therapeutic Ctr 1.350,000 08/96 1 350 000 00 0.00 44 591.30 1 305 408.70
TOTAL PRIVATE PURPOSE REVENUE BONDS $ 9,045 024,03 $ 501 000.00 $ 335,468.92 $ 9 210 555.11
1 !;d'r'y
981162
127
COUNTY OF WELD
STATE OF COLORADO
Computation of Overlapping Bonded Debt
General Obligation Bonds
December 31. 1997
Net General
Obligation Percentage Amount
Bonded Debt Applicable to Applicable to
Jurisdiction 9utstandinq Government Government
Cities & Towns S 54.675.692 61.22% E 33.471.802
Schools 297,486.620 70.42% 209.493.042
Special Districts 18 756 264 79.06% 14 829 017
Total Overlapping $ 370 918 5785 $ 257 793 861
981162
12R
,,
cOMPUANC£
SECT'ON
981162
KOSM1CKl DOLLARHIDE
I CERTIFIED PUBLIC ACCOUNTANTS
PARTNERS
JoINDEPENDENT AUDITORS' REPORT Michn elC.J.D
Frick
Michael J. Frttk
Susan A.Capter
ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL Nicholas
ich 1 s G. Kasmickl
REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS Marcia L. Siebring
PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
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, 1997, and have issued our report thereon dated
May 22, 1998. 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 of our tests disclosed no instances of noncompliance that
are required to be reported under Government Auditing Standards.
Internal Control Over Financial Reporting
2. In planning and performing our audit, we considered Weld County's internal control over
financial reporting in order to determine our auditing procedures for the purpose of
expressing our opinion on the general purpose financial statements and not to provide
assurance on the internal control 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 22, 1998.
1901 56th Avenue. Suite 200 / Greeley. CO 80634-2950 / 970-330-8860 / Denver 303-825.1752 / Fax 970-330-6680
129
981162
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 22, 1998 / .4GL' a4 { Lod
981162
130
KOSMICK ] DOLLARHIDE_
CERTIFIED YUSLIC
(c-_ ACCOUNTANTS
PARTNERS
John C. ide
INDEPENDENT AUDITORS' Michael J. Frick
REPORT ON COMPLIANCE WITH REQUIREMENTS Susan A. Gapter
APPLICABLE TO EACH MAJOR PROGRAM AND ON INTERNAL CONTROL Macias S bring l
OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 Marcia L. Slebring
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, 1997. 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, 1997.
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,
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
r.' -
1901 5661 Avenue. Suite 200 / Greeley. CO 80634-2950 / 970-330-8860 / Denver 303-825-1752 / Fax 970-330.6680
131
981.162
Board of County Commissioners
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, 1997, and have issued our report
thereon dated May 22, 1998. 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 22, 1998 Xtam,ack Ida-6
981162
132
COUNTY OF WELD
STATE OF COLORADO
Schedule of Expenditures of Federal Awards
For the Fiscal Year Ended December 31, 1997
Federal Granting Agency/Recipient State Agency Federal
Grant Progran CFDA# Expenditures
DEPARTMENT OF AGRICULTURE:
Direct Payment
Bank head Jones Act N/A 41,209
Pass Through Payment from the State of Colorado
Department of Social Services:
Food Stamp Program` 10.551 6,523,653
Child Care/Food Program 10.558 172,979
State Administrative Matching Grants 10.561 252,931
for Food Stamp Program
Commodity Supplemental Food Program 10.565 459,427
Food Distribution (Cash in lieu of commodities) 10.550 122,450
Total Department of Agriculture 7,572,649
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
Direct Payments:
Section 8 Rental Certificate Program* 14.857 787,767
Section 8 Rental Voucher Program' 14.855 882,335
Pass Through Payments from the State Department of
Housing and Urban Development:
Home Investment in Affordable Housing 14.239 43,976
Pass Through Payment from the State of Colorado
Department of Social Services:
Emergency Shelter Grants Progran 14.231 32,960
Emergency Shelter Grants Program 93.034 2,421
Total Department of Housing and Urban Development 1,747,038
DEPARTMENT OF THE JUSTICE:
Pass Throught Payments from the State Division of
Criminal Justice:
Juvenile Justice & Delinquency Prevention- 16.540 66,245
Allocation to States
Crime Victim Assistance 16.575 6,472
Crime Victim Compensation 16.576 35,206
State Vale Grant N/A 4,690
Drug Control & System Improvement 16.679 196,434
Total Department of Justice 309,047
:t• , 1-4_, 981.162
COUNTY OF WELD
STATE OF COLORADO
Schedule of Expenditures of Federal Awards
For the Fiscal Year Ended December 31, 1997
Federal Granting Agency/Recipient State Agency
Grant Progran Federal
CFDA# Expenditures
DEPARTMENT OF LABOR:
Pass Through Payment from the Colorado Department
of Labor:
Employment Service 17.207
Summer Job Hunt 222,600
N/A 10,000
Pass Through Payments from the State of Colorado
Governor's Job Training Office:
Job Training Partnership Act* 17.250
Total Depaartment of Labor 627,644
DEPARTMENT OF TRANSPORTATION: 860,244
Pass Through from the Colorado Department of Highways:
Federal Transit Capital & Operating 20.507
Assistance Formula Grants 41,300
Total Department of Transportation
ENVIRONMENTAL PROTECTION AGENCY 41,300
Direct Payments:
Air Pollution Control Program Support 66.601
Radiation Control 30,554
Total Environmental Protection Agency 77.001 4,575
DEPARTMENT OF HEALTH AND HUMAN SERVICES: 35,129
Direct Payments:
Head Star 93.600 3,192,208
Pass Through Payments from the State of Colorado
Department of Social Services:
Special Programs for the Aging - Title III 93.044 150,604
Part B - Grants for Supportive Services & Senior Centers
Special Programs for the Aging - Title III 93.045 169,695
Part C - Nutrition Services
Special Programs for the Aging -Title III 93.046 3,151
Part D - In Home Services for Frail Older Individuals
Special Programs for the Aging - Title VII 93.041 2,996
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 1,904
for Older Individuals
Special Programs for the Aging - Title III
Part F - Preventive Health Services 93.043 11,669
Child Care for Families at Risk' 93.574 158,943
134 981162
COUNTY OF WELD
STATE OF COLORADO
Schedule of Expenditures of Federal Awards
For the Fiscal Year Ended December 31, 1997
Federal Granting Agency/Recipient State Agency Federal
Grant Progran CFDA# Expenditures
Family Support Payments to States - 93.560 1,854,578
Assistance Payments'
Colorado Works - JOBS 93.558 385,889
Job Opportunities & Basic Skills Training* 93.561 1,017,773
Child Support Enforcement' 93.563 1,501,284
Low Income Home Energy Assistance' 93.568 1,122,147
Payment of States for Child Care Assistance 93.575 364,289
Child Care Mandatory & Matching Funds 93.596 434,719
Child Welfare Services - State Grants 93.645 111,444
Title IV-E, Foster Care* 93.658 1,089,006
Adoption Assistance 93.659 231,762
Social Services Block Grant* 93.667 914,832
Medical Assistance Program ( Title XIX, Medicaid) 93.778 219,395
Pass Through from the Department of Local Affairs:
Community Services Block Grant 93.031 190,029
Community Services Block Grant-Highland Day Care N/A 1,854
Community Services Block Grant-EDAP N/A 473,556
Community Services Block Grant N/A 17,019
Community Services Block Grant-OEM N/A 75,068
Community Services Block Grant-Mofort Children's` N/A 840,207
Pass Through Payments from the State Department
of Health:
Childhood Immunization Grants 93.268 188,000
Maternal & Child Health 93.994 243,639
Early Detection & Control 93.919 27,245
TB Control Programs 93.116 34,711
HIV Prevention Project 93.118 20,256
Family Planning 93.217 79,790
Cancer Control 93.399 51,656
Sexually Transmitted Diseases 93.977 3,210
HIV Care Formula Grants 93.917 143,443
Diabetes Control Programs 93.988 4,734
Preventive Health & Health Services 93.991 115,269
Total Department of Health and Human Services 15,447,974
DEPARTMENT OF ENERGY & CONSERVATION
Direct Payments
OEC Solid Waste Grant 88.014 6,195
Total Department of Energy & Conservation 6,195
TOTAL FEDERAL EXPENDITURES $26,019,5761
`Major Program
135 991162
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COUNTY OF WELD
STATE OF COLORADO
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended December 31, 1997
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 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 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 $800,000.
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
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 deprec-
iation may be allowed on any assets that would be considered as fully depreciated.
Effect: The difference of$39,000 is subject to being disallowed.
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.
Response: In order to bring the Divisions' practices into line with the straight-line method of
depreciation, adjustments will be made to monthly charges from the transportation cost pool in
the period beginning January 1, 1998 and ending with the grant year end, June.30, 1998.
136 981162
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