HomeMy WebLinkAbout971862.tiffCOMPREHENSIVE
ANNUAL
FINANCIAL
REPORT
YEAR ENDED DECEMBER 31, 1996
Prepared by:
Accounting Department
COUNTY of wELD
STATE of COLORADO
INTRODUCTORY
SECTION
ft
COLORADO
TABLE OF CONTENTS
Page
INTRODUCTORY SECTION
Table of Contents 1
Letter of Transmittal 7
Government Finance Officers Association Certificate
of Achievement for Excellence in Financial Reporting 20
Organization Chart 21
Principal County Officials 22
FINANCIAL SECTION
Independent Auditors' Report 23
GENERAL PURPOSE FINANCIAL STATEMENTS
Combined Balance Sheet - All Fund Types, Account Groups and
Discretely Presented Component Unit 26
Combined Statement of Revenues, Expenditures and Changes in Fund
Balance - All Governmental Fund Types, Expendable Trust Funds
and Discretely Presented Component Unit 28
Combined Statement of Revenues, Expenditures and Changes in Fund
Balances - Budget and Actual - All Governmental Fund Types 30
Combined Statement of Revenues, Expenses and Changes in Retained
Earnings/Fund Balances - All Proprietary Fund Types, Pension Trust
and Nonexpendable Trust Funds 32
Combined Statement of Cash Flows -
All Proprietary Fund Types and Nonexpendable Trust Funds 33
Notes to Financial Statements 34
COMBINING, INDIVIDUAL FUND AND INDIVIDUAL ACCOUNT GROUP
FINANCIAL STATEMENTS AND SCHEDULES
GENERAL FUND
Balance Sheet 63
Statement of Revenues, Expenditures and Changes in Fund Balance,
Budget and Actual 64
1
SPECIAL REVENUE FUNDS
Explanations of Individual Funds 69
Combining Balance Sheet 70
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances 72
Public Works Fund - Statement of Revenues, Expenditures and
Changes in Fund Balance, Budget and Actual 74
Social Services Fund - Statement of Revenues, Expenditures and
Changes in Fund Balance, Budget and Actual 76
Conservation Trust Fund - Statement of Revenues, Expenditures
and Changes in Fund Balance, Budget and Actual 78
Contingent Fund - Statement of Revenues, Expenditures and Changes
in Fund Balance, Budget and Actual 79
Emergency Fund - Statement of Revenues, Expenditures and Changes
in Fund Balance, Budget and Actual 80
Public Health Fund - Statement of Revenues, Expenditures and
Changes in Fund Balance, Budget and Actual 81
Human Services Fund - Statement of Revenues, Expenditures
and Changes in Fund Balance, Budget and Actual 82
Solid Waste Fund - Statement of Revenues, Expenditures and Changes
in Fund Balance, Budget and Actual 84
CAPITAL PROJECTS FUND
Explanation of Individual Fund 85
Balance Sheet 86
Capital Expenditures Fund - Statement of Revenues, Expenditures
and Changes in Fund Balance, Budget and Actual 87
2
ENTERPRISE FUND
Explanation of Individual Fund 89
Balance Sheet 90
Ambulance Fund - Statement of Revenues, Expenses and Changes
in Retained Earnings, Budget and Actual 91
INTERNAL SERVICE FUNDS
Explanations of Individual Funds 93
Combining Balance Sheet 94
Combining Statement of Revenues, Expenses and Changes in
Retained Earnings 96
Combining Statement of Cash Flows 98
Motor Vehicle Fund - Statement of Revenues, Expenses and
Changes in Retained Earnings, Budget and Actual 100
Health Insurance Fund - Statement of Revenues, Expenses and
Changes in Retained Earnings, Budget and Actual 101
Printing and Supply Fund - Statement of Revenues, Expenses and
Changes in Retained Earning, Budget and Actual 102
Insurance Fund - Statement of Revenues, Expenses and Changes
in Retained Earnings, Budget and Actual 103
Phone Service Fund - Statement of Revenues, Expenses and
Changes in Retained Earnings, Budget and Actual 104
Weld Finance Corporation - Statement of Revenues, Expenses and
Changes in Retained Earnings, Budget and Actual 105
3
TRUST AND AGENCY FUNDS
Explanations of Individual Funds 107
Combining Balance Sheet 108
Statement of Changes in Net Plan Assets -
Pension Trust Fund 110
Combining Statement of Revenues, Expenditures and Changes in
Fund Balance - All Expendable Trust Funds 111
Statement of Revenues, Expenses and Changes in Fund Balance -
Nonexpendable Trust Fund 112
Combining Statement of Changes in Assets and Liabilities -
All Agency Funds 113
GENERAL FIXED ASSETS ACCOUNT GROUP
Schedule of General Fixed Assets - By Source 115
Schedule of General Fixed Assets - By Function and Activity 116
Schedule of Changes in General Fixed Assets - By Function and Activity 117
GENERAL LONG-TERM DEBT ACCOUNT GROUP
Schedule of General Long -Term Debt 119
STATISTICAL SECTION
Tables Relating to Bonded Debt 121
General Governmental Expenditures by Function 122
General Revenue by Source 123
Property Value, Construction, Bank Deposits and Other Economic Indicators 124
Property Tax Levies and Collections 125
Assessed and Estimated Actual Value of Taxable Property 125
Property Tax Rates and Tax Levies - Direct and Overlapping Governments 126
4
STATISTICAL SECTION (Continued):
Special Assessment Collections 127
Computations of Legal Debt Margin 128
Demographic Statistics 129
Principal Taxpayers 130
Miscellaneous Statistics 131
Insurance in Force 133
Salaries and Principal Officials 134
Surety Bond Coverage for Principal Officials 134
Private Purpose Revenue Bonds 135
Retirement Plan Required Supplementary Information 136
Computation of Overlapping Bonded Debt - General Obligation Bonds 137
COMPLIANCE SECTION
Independent Auditors' Report on Schedule of Federal Financial Assistance 139
Schedule of Federal Financial Assistance 140
Independent Auditors' Combined Report on the Internal Control Structure
Based on an Audit of General Purpose Financial Statements Performed in
Accordance with Government Auditing Standards 143
Independent Auditors' Report on the Internal Control Structure used in
Administering Federal Financial Assistance Programs 143
Independent Auditors' Report on Compliance based on an Audit of General
Purpose Financial Statements Performed in Accordance with Government
Auditing Standards 148
Independent Auditors' Report on Compliance with the General
Requirements Applicable to Federal Financial
Assistance Programs 149
5
COMPLIANCE SECTION (Continued):
Independent Auditors' Report on Compliance with Specific
Requirements Applicable to Major Federal
Financial Assistance Programs 150
Independent Auditors' Report on Compliance with Specific
Requirements Applicable to Non Major Federal Financial Assistance
Program Transactions 151
Annual Statement of Receipts and Expenditures for Roads
Bridges & Streets 154
6
DEPARTMENT OF FINANCE
AND ADMINISTRATION
PHONE (970) 356-4000, EXT.4218
FAX: (970) 352-0242
P.O. BOX 758
GREELEY, COLORADO 80632
June 13, 1997
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, 1996, 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-128, Audits of
State and Local Governments. Information related to this single audit, including the schedule of
federal financial assistance, and auditors' reports on the internal control structure and compliance
with applicable laws and regulations, are included in the compliance section of this report.
The funds and entities related to the County of Weld that are in our Comprehensive Annual
Financial Report include those of separately administered organizations that are financially
accountable to the County.
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Honorable Board of Commissioners
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
The following related organizations are excluded from the accompanying financial statements:
• North Colorado Medical Center
• Greeley -Weld Airport Authority
• Weld Library District
Details of the criteria applied and the specific reasons for inclusion or exclusion are contained in
the Notes to Financial Statements.
The County provides the full range of county services contemplated by statute or charter. These
include general government functions, public protection and safety, health, social services, human
resource services, public improvements, road and bridge operations, planning and zoning, and
general administrative services.
ECONOMIC CONDITION AND OUTLOOK
Construction activity, labor market activity, and retail activity all remain healthy and are projected
to continue to do so into 1997. The state economists are predicting that Weld County will have
a higher growth rate than the state as a whole for the rest of the decade.
Weld County continues to be the low home price leader along the front range of Colorado. The
average and the median price of new homes sold in Weld County were lower than the average and
median prices of neighboring counties in 1996. The following shows the comparison.
Average
Price
Median
Price
Larimer County
$ 169,970
$ 156,350
Weld County
125,100
119,500
Boulder County
243,850
219,600
Metro Denver
197,225
172,200
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Honorable Board of Commissioners
Vacancy rates for apartments have risen to a little over 4 percent compared to 2 percent a year
ago. As a result of the higher vacancy rate, rents should rise more slowly in upcoming months.
F.W. Dodge data for construction through 1996 shows total construction activity in Weld County
remains quite vigorous. The total value of construction contracts are 11 percent higher than a year
ago. Residential contracts far exceed the average growth of construction with an 86 percent
increase over last year.
New oil and gas activity in the County was slower this last year than the previous year. The
number of new permits is about half of what were issued in 1995. Employment in this industry will
be lower in the future with the sluggish growth in this sector of the economy.
Sales and use tax is growing faster than last year, even if the construction figures are removed
from the comparison. A simple way of getting a pulse of the local economy is to watch the sales
tax collected when people eat away from home. The tax revenue in this category of sales is up --
a good sign. Another good sign is unemployment, which has remained around 4-5 percent, and
has been lower than the state and federal average all year. This year there have been 78,575
people employed in Weld County
As one looks ahead the local economy in Weld County will be impacted by political and economic
factors outside of the area, as well as inside the area. But as one examines the anticipated
employment growth, retail and real estate sales, farm output and sales, housing costs, and the
general well-being of the Weld County economy, the Weld County economy will still perform better
than the national economy in 1997.
In summary, Weld County's economy continues to be a healthy and growing economy that is more
and more diversified.
MAJOR INITIATIVES
For the Year: In 1996 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 1996:
> Implemented automated Sierra Permits System for Planning and Zoning and Building
Inspection.
> Adopted new Comprehensive Plan for land use in Weld County.
> Clerk to Board implemented new Eagle Board Minutes System with imaging features.
> Installed new financial management system (Banner).
> Installed new human resource system (PeopleSoft).
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Honorable Board of Commissioners
> Completed process to phase out IBM ES 9000 mainframe and replace it with client/server
systems throughout the county.
> Began construction of a new county jail with ultimate capacity of 160 inmates, to be
completed in 1997.
> A household hazardous materials program with educational programs and collection points
was implemented by the Environmental Protection Services unit of the Health Department,
with full implementation into south county location near Dacono.
> Family Preservation Program implemented in Social Services Department.
> Installed new Assessor/Treasurer systems.
> Implemented community -oriented policing program in Sheriff's Office.
> Adopted Open Space Master Plan.
> Completed 1-25 Mixed Unit Development Plan for southwest Weld County.
FOR THE FUTURE
As Weld County looks to 1997, 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 1997 budget has been developed
within the limitations of Amendment One with the Social Services mandated costs included.
In 1995 the Board of County Commissioners adopted a new comprehensive plan for land use to
deal with the anticipated growth in the county. To compliment the long range comprehensive land
use plan, an open space master plan was completed in early 1996. This was the first county -wide
open space plan adopted by Weld County. Open space will continue to be demanded by the public
as Weld County becomes more urbanized. In addition, an updated mixed use development plan
for the 1-25 Highway Corridor was completed to help guide the future growth of the Del Camino and
southwestern area of the county. Weld County has received an Energy Impact Assistance grant
to develop a Geographical Information System (GIS) in 1997. This system has tremendous
potential to help manage natural resources, land use, and urbanization throughout the county.
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Honorable Board of Commissioners
The continued growth of the jail inmate population will result in significant expenditures in this area
in 1997. A total of 18 Correction Officers and support staff will be added to the jail staff in 1997 to
open the new county jail. The total added costs to open the new 160 bed facility the last quarter
of 1997 will be $779,414 in the current fiscal year. It is anticipated that another $1,000,000 will
have to be added to the budget in 1998 to fully fund an entire year's operation of the new jail for
a total annual cost of $1,800,000.
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 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.
The additional jail complex is being 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 would be 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 would continue to be operated as a pre-trial and maximum security facility. The
new facility would 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 use current funds for Phase One in 1996-97 and reserve
$6,115,000 in additional resources in the five year plan for funding of additional phases of bed
space. In addition in 1997 construction will start on a new Health Building, Public Works
Headquarters, and Social Services Annex for an estimated total construction cost of $6 million.
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.
The Board's decision on October 25, 1993, to enter into a ten-year contract with SCT Corporation
to provide computer services has had a major impact on Weld County government. In 1996 all
computer applications were taken off the IBM ES9000 mainframe and transitioned to a client/server
environment.
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Honorable Board of Commissioners
The new environment has improved access to information for decision -making, increased the
quality and quantity of services, streamlined operations, and provided the opportunity for cost
savings. The open system architecture offers the technology to connect different types of
equipment and vendors. The linking of all components into one system improves access and
sharing of data and communication resources. Open system architecture allows the county to
retain some equipment and software as changes are made. Open systems architecture and
client/server capabilities will better allow the distribution of computer equipment to user areas. The
relational data bases allow much more effective use of information by the users and the data is
more accessible, especially if coupled with a query management system.
Department Focus: Two 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.
Program changes for 1997 involve the following:
> Complete the construction of the new county jail with an additional 160 beds.
> Open new jail, to be operational the last quarter of 1997.
> Begin construction on a new Health Building, Public Works Headquarters, and Social
Services Annex.
> Reconstruct the following major bridges:
61/54A $2,382,600
31/68 335,000
19.5/36 875,000
> Develop plan and strategy to implement Geographical Information System in 1998.
> Continue initiatives associated with the "Reinventing Weld County Government" project.
> Develop a backup site for communications center.
> Respond to federal welfare reform and its impact on Weld County programs.
> Implement Weld County's Open Space Master Plan.
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Honorable Board of Commissioners
> Increase child protection efforts in Social Services in compliance with ACLU settlement for
State of Colorado.
> Serve as pilot county in State of Colorado's Workforce Development System.
FINANCIAL INFORMATION
Management of the County is responsible for establishing and maintaining an internal control
structure designed to ensure that the assets of the County are protected from loss, theft or misuse
and to ensure that adequate accounting data are compiled to allow for the preparation of financial
statements in conformity with generally accepted accounting principles. The internal control
structure is designed to provide reasonable, but not absolute, assurance that these objectives are
met. The concept of reasonable assurance recognizes that: (1) the cost of a control should not
exceed the benefits likely to be derived; and (2) the evaluation of costs and benefits requires
estimates and judgments by management.
Single Audit. As a recipient of federal and state financial assistance, the County also is responsible
for ensuring that an adequate internal control structure is in place to ensure compliance with
applicable laws and regulations related to those programs. This internal control structure is subject
to periodic evaluation by management and external auditors.
As a part of the County's single audit, described earlier, tests are made to determine the adequacy
of the internal control structure, including that portion related to federal financial assistance
programs, as well as to determine that the County has complied with applicable laws and
regulations. The results of the County's single audit for the fiscal year ended December 31, 1996,
indicated no instances of material weaknesses in the internal control structure or significant
violations of applicable laws and regulations.
Budgeting Controls. In addition, the County maintains budgetary controls. The objective of these
budgetary controls is to ensure compliance with legal provisions embodied in the annual
appropriated budget approved by the government's governing body. Activities of the General Fund,
Special Revenue Funds, Capital Project Fund, Enterprise Fund and Internal Service Funds are
included in the annual appropriated budget. The level of budgetary control (that is, the level at
which expenditures cannot legally exceed the appropriated amount) is established at the fund level,
except for the General Fund which is at the department level. The 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 $ 87,084,408 in 1996, an increase of .5% over 1995. General
property taxes and specific ownership taxes produced 36.0% of total revenue, up 3.9% from 1995.
The amount of revenue from various sources and the changes from 1995 are shown in the
following tabulation:
Revenue Sources
Taxes
Licenses and Permits
Intergovernmental Revenue
Charges for Services
Fines and Forfeitures
Miscellaneous Revenue
Fees
Total
Amount
(In Thousands)
$ 31,314.8
1,007.4
43,123.8
4,938.0
24.3
3,913.7
2,762.4
$ 87,084.4
Increase
Percent (Decrease)
of Total from 1995
36.0% $ 2,879.0
1.1 143.5
49.5 (2,732.9)
5.7 251.3
0.0 (4.7)
4.5 (4.5)
3.2 (126.6)
100.0% $ 405.1
The mill levy was unchanged from the prior year at 22.038 mills for 1996 under the limitations of
State Constitutional Amendment One (TABOR) passed November 3, 1992. The assessed value
for 1996 is $1,343,956,407, which is up $100 million, or 8.34% from 1995. The increase was
primarily attributed to increased commercial/industrial property of $31.4 million, residential property
of $33.9 million, state -assessed property of $14.5 million, agricultural properties of $13.2 million,
vacant land of $5 million, and oil and gas properties of $6.3 million.
Current tax collections were 99.47% of the tax levy, up 0.1% from 1995. Delinquent tax collections
were $121,172, compared with $64,220 in 1995.
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Honorable Board of Commissioners
Allocations of property tax by purpose for 1995 and 1996 are shown as follows:
Purpose
General Fund
Special Revenue Funds
Capital Project Fund
Intergovernmental Service Funds
Total Tax Rate
1995 1996
Mills Mills
14.213 13.333
4.213 7.199
3.170 1.097
.442 .409
22.038 22.038
Intergovernmental Revenue represented 49.5% of total general governmental revenue, compared
with 54.0% for 1995. Social Service programs account for 56.8% 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 totalled $88,077,035, an increase of 5.6% from 1995.
Changes in levels of expenditures for major functions of the county over 1995 are shown in the
following tabulation:
Expenditure Purpose
Current Operating:
General Government
Public Safety
Public Works
Public Health & Welfare
Culture & Recreation
Economic Assistance
Capital Outlay
Debt Service
Intergovernmental
Miscellaneous
Total
Increase
Amount Percent (Decrease)
(In Thousands) of Total from 1995
$ 11,948.0 13.6% $ 1,416.9
14,259.7 16.2 1,210.5
13,775.1 15.6 (641.7)
31,956.4 36.3 1,134.5
292.2 0.3 (43.8)
6,770.9 7.7 (701.9)
6,077.1 6.9 2,482.8
108.0 0.1 (46.5)
559.3 0.6 37.1
2.330.3 2.7 107.3
$ 88.077.0 100.0% $ 4.955.2
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Honorable Board of Commissioners
The major factors impacting 1996 range from specific programs to the fiscal and taxing
environment Weld County must currently operate within. Amendment One (TABOR) imposes
property tax, spending and revenue limits not exceeding inflation and growth in net new
construction.
Again, the two most major factors impacting 1996 were the construction of a new county jail and
the court decision issued June 5, 1995, blocking the county's ability to turn back to the state the
social services mandated costs.
The final court decision over the legal interpretation of Amendment One's provision to block
mandated turnbacks had significant impact on county finances for 1996 and will impact future
years. Social Services expenditures were at $27,671,336 for 1996. After incentives and special
revenue are considered, $4,154,029 in property taxes was necessary to support the county's share
of programs mandated by the state and federal government. Overall, program expenditures are
growing at a rate faster than the inflation rate. Considering limited tax revenue and the growth of
Social Services expenditures, other County services would need to be severely restricted in future
years. Without the ability to control mandated program expenditures, local control of Weld County's
financial destiny will, in time, be lost.
Construction of a new county jail in 1996 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.
Operational costs were not impacted in 1996 since the facility will not be completed until the last
quarter of 1997. However, in 1997 it is anticipated that additional Correctional Officers must be
added, plus the added costs of transportation between the two facilities. Food and medical costs
will go accordingly with the increased jail population. Total annual operating costs of the new jail
are estimated at $1.8 million.
In 1996, Weld County continued its tradition of being creative and innovative. We endeavor to make
the best use of the human, financial, and technological resources. Weld County elected officials
and staff recognize Weld County taxpayers and consumers of county services as the providers of
these resources. We pledge our commitment to continue providing the best county services
possible.
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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 $815,175 was down $456,421 from last year. The
$15,482,268 balance in the Special Revenue Funds was up from the previous year by 26.8%.
Enterprise Operations: The county's enterprise operation is comprised of the Ambulance Service
Fund. The Ambulance Service is a countywide advanced life support emergency medical service.
The program is primarily supported by fees with a subsidy from the County of indirect support costs
only. The operation answered over 7,500 calls in 1996 and generated revenue of $3,079,363.
Pension Trust Fund Operations: The operations of the Weld County Retirement Plan remained
stable in 1996. The annual actuarial valuation continues to reflect a positive trend in the funding
of the retirement plan, resulting in an excess funding capacity in the amount of $3,532,785.
Internal Service Funds: The Internal Service Funds consists of six funds. The Motor Vehicle Fund
provides maintenance to all vehicles owned by the County, as well as renting equipment to Road
and Bridge and other various departments. The Health Insurance Fund provides dental and vision
health coverage for all employees of the County. The Printing and Supply Fund provides the
printing service and supply store for the County's use. The 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 1996 were for the new Weld County jail 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, 1996, the General Fixed Assets of the County amounted to
$41,864,789. 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 1996 the county continued to have no bonded indebtedness. With the
passage of HB 1579 in 1981, Section 30-35-201, C.R.S., 1973 now allows the debt ceiling to be
3% of the assessed valuation of the County. Thus, Weld County maintains over a thirty-seven
million dollar allowable debt capacity in accordance with Colorado Revised Statutes. There are
lease/purchase agreements which involve a Certificate of Participation Bond Issue and a long-term
lease/purchase agreement totaling $2,743,045 for the construction of the Human Resources
Building and north administrative buildings.
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Honorable Board of Commissioners
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 $2,058,303 in 1996.
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, 1996, are classified in the category of lowest credit
risk as defined by the Governmental Accounting Standards Board, except for mutual funds and
investment pools which cannot be categorized.
Risk Management: During 1996 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 Hunt, Spillman and
Associates, P.C., was selected by the County. In addition to meeting the requirements set forth
in the Charter, the audit also was designed to meet the requirements of the federal Single Audit Act
of 1984 and related OMB Circular A-128. The auditors' report on the general purpose financial
statements and combining and individual fund statements and schedules is included in the
Financial Section of this report. The auditors' reports related specifically to the single audit are
included in the Compliance Section.
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, 1995. This was the thirteenth year that
the county has received this prestigious award. In order to be awarded a Certificate of
Achievement, the County published an easily readable and efficiently organized Comprehensive
Annual Financial Report. This report satisfied both generally accepted accounting principles and
applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current
Comprehensive Annual Financial Report continues to meet the Certificate of Achievement
Program's requirements and we are submitting it to the GFOA to determine its eligibility for another
certificate.
12
Honorable Board of Commissioners
In addition, the County also received the GFOA's Award for Distinguished Budget Presentation for
its 1995 annual appropriated budget for the eleventh consecutive year. In order to qualify for the
Distinguished Budget Presentation Award, the County's budget document was judged to be
proficient in several categories including policy documentation, financial planning and organization.
ACKNOWLEDGEMENTS
Financial reports are valuable in that they provide a permanent historical record of a governmental
agency's operation to the management and the general public. It is our belief that this is a
comprehensive report of the 1996 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, 1996. 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.
Respgctfully submitted,
Donald D. Warden, Director
Finance and Administration
DDW/ch
19
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, 1995
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.
a74
Presidelid
yr, a tr,e,
Executive Director
20
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COUNTY OF WELD
STATE OF COLORADO
PRINCIPAL COUNTY OFFICIALS
December 31, 1996
Board of County Commissioners
Dale Hall
Barb Kirkmeyer
W. H. Webster
Constance Harbert
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
Hunt, Spillman & Associates, P.C.
Certified Public Accountants
22
FINANCIAL
SECTION
COLORADO
Hunt, Spillman & Associates, p.c.
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the accompanying general purpose financial
statements of the County of Weld, Colorado, as of and for the year
ended December 31, 1996, as listed in the table of contents. These
general purpose financial statements are the responsibility of the
County's management. Our responsibility is to express an opinion
of these financial statements based on our audit.
We conducted our audit in accordance with generally accepted
auditing standards, Government Auditing Standards, issued by the
Comptroller General of the United States, and the provisions of
Office of Management and Budget (OMB) Circular A-128, Audits of
State and Local Governments. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether
the general purpose financial statements are free of material
misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the general
purpose financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by
management, as well as evaluating the overall general purpose
financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred
to above present fairly, in all material respects, the financial
position of the County of Weld, Colorado, as of December 31, 1996,
and the results of its operations and cash flows of its proprietary
fund types and nonexpendable trust funds for the year then ended in
conformity with generally accepted accounting principles.
In accordance with Government Auditing Standards, we have also
issued reports dated June 13, 1997 on our consideration of the
County of Weld, Colorado's internal control structure and on its
compliance with laws and regulations.
23
Our audit was made 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 statements and
schedules listed in the financial section of the table of contents
are presented for purposes of additional analysis and are not a
required part of the general purpose financial statements of the
County of Weld, 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 stated in all
material respects in relation to the general purpose financial
statements taken as a whole.
Fort Collins, Colorado
June 13, 1997
24
L1..\ L
Aki
COLORADO
25
COUNTY OF WELD
STATE OF COLORADO
Combined Balance Sheet - All Fund Types, Account Groups and
Discretely Presented Component Unit
December 31, 1996
(With comparative totals for December 31, 1995)
Governmental Fund Type
General
ASSETS
Proprietary
Fund Type
Special Capital Enterprise Internal
Revenue Projects Fund Service
Cash and short-term investments $ 1.815,589 $ 15,930,345 $ 1,936,928 $ 83,868 $ 1,955,279
Receivables
(net of allowance for uncollectibles):
Current property taxes 19.173.370 6,297,435 3,226,000 0 550,000
Delinquent property taxes 61.355 20,938 11.299 0 2,004
Accounts 591.579 1.189,645 1 790.138 26,864
Special assessment 90 235,252 0 0 0
Due from other County funds 2.169,903 471,228 0 0 264,814
Due from other governmental units 114,589 1,265,008 0 0 0
Advances to other funds 0 0 0 0 0
Inventories 0 3.117.623 0 0 138.275
Restricted Assets
Cash o 0 0 0 0
Retirement plan investments 0 0 0 0 0
Deferred compensation plan investments 0 0 0 0 0
Other assets 46.800 10.076 0 0 155,880
Land 0 0 0 48.496 1,336,667
Improvements other than buildings 0 0 0 21,461 230,354
Buildings 0 0 0 648.234 4,817,469
Machinery and equipment 0 0 0 809,187 15,496,265
Accumulated depreciation 0 0 0 (401,382) (10.570,334)
Amounts to be provided for retirement
of general longterm debt 0 0 0 0 0
Total Assets $ 23,973,275 $ 28,537,550 $ 5,174,228 $ 2.000,002 $ 14,403,536
LIABILITIES, FUND EQUITY & OTHER CREDITS
Liabilities:
Accounts payable $ 2,342.063 $ 1.541,778 $ 1,150,363 $ 10.512 $ 294,170
Due to other County funds 381.903 1.390.785 700,000 10,588 415.112
Due to other governments 0 11,327 0 0 0
Accrued liabilities 661,244 651,437 0 123.397 341,125
Other liabilities 0 46,911 0 0 0
Deferred revenue 19,422,892 7,342,186 3,237.299 0 552,004
Unexpended grant revenue 340,001 2,070,859 0 0 0
Payable from restricted assets
Deferred compensation payable 0 0 0 0 0
Long term debt 0 0 0 0 1,583,378
Advances from other funds 0 0 0 0 0
Total Liabilities 23,148,103 13.055.283 5.087.662 144.497 3.185,789
Other Credits:
Investment in general fixed assets 0 0 0 0 0
Fund Equity:
Contributed capital 0 0 0 107,523 8.065,721
Unreserved retained earnings 0 0 0 1,747.981 3,152,027
Fund Balances:
Reserved 86,654 5,124,975 3.639.437 0 0
Unreserved:
Designated for future year's expenditures 0 4,040,409 0 0 0
Undesignated 738.519 6.316,885 (3,552,871) 0 0
Total Fund Equity and Other Credits 825,173 15,482.269 86,566 1,855,504 11,217,748
Total Liabilities. Fund Equity
and Other Credits $ 23,973,276 $ 28,537,552 $ 5,174,228 $ 2,000.001 $ 14,403.537
(See Notes to Financial Statements)
26
Fiduciary
Fund Type
Account Groups
Trust and General General Long
Agency Fixed Assets Term Debt 1996 1995 1996 1995
Primary Government Component Unit
Memorandum Totals Housing Authority
$ 4,724,632 $
0 1 0 $ 26,446,642 $ 26,078,350 $ 295.335 $ 354,269
0 0 0 29,246,806 29.594.575 0 0
0 0 0 95.596 136,185 0 0
55.829 0 0 2.654.056 2.508.400 16.924 3.996
0 0 0 235,342 297.028 0 0
126,621 0 0 3,032.566 1,135,958 0 722
5,024 0 0 1,384,621 1,143,259 0 0
0 0 0 0 75,000 0 0
0 0 0 3,255,899 3,081,354 0 0
998.120 0 0 998,120 206,817 0 0
54.307.408 0 0 54,307.408 43.296.185 0 0
2,326,058 0 0 2,326,058 2,026,765 0 0
0 0 0 212,757 101.154 209,139 124.523
0 2,561.998 0 3,947,161 5,265.281 0 0
0 2.797,206 0 3,049,021 1.736.071 0 0
0 29,180.045 0 34.645.749 31.234.864 0 0
0 7.325,540 0 23,630,992 23,949,520 0 0
0 0 0 (10.971.717) (9,969,041) 0 0
0
0 1,308,558 1,308.558 1,531,698 0 0
$ 62.543,692 $ 41,864,789 $ 1,308,558 $ 179,805.635 $ 163,429,423 $ 521,398 $ 483.510
$ 379.120 $ 0 $ 0 $ 5,718.004 $ 3,681,033 $ 5,666 $ 9,767
134,176 0 0 3,032,566 1.136.660 0 0
4,492,525 0 0 4,503,852 3,814,012 0 82,509
0 0 1,308,558 3,085,763 3,555,585 5,130 5.816
0 0 0 46.911 64,664 0 0
0 0 0 30,554,382 30,925.963 82.509 0
0 0 0 2,410.860 3,066.047 0 0
2.326,058 0 0 2.326,058 2.026.765 0 0
0 0 0 1.593,378 1,760,134 0 0
0 0 0 0 75,000 0 0
7.331.879 0 1.308.558 53.271,774 50,105,863 93,305 98,092
0 41,864,789 0 41,864,789 39,634,867 0 0
0 0 0 8,173,244 8.110.048 0 0
0 0 0 4,900,006 4,520.565 0 0
42,547,960 0 0 51,399,027 49,075,620 109.139 124.523
0 0 0 4,040,409 750,000 0 0
12,663,853 0 0 16.156.386 11,232,460 318,954 260,895
55.211,813 41,864,789 0 126,533,861 113,323,560 428.093 385.418
$ 62,543,692 $ 41,864,789 $ 1,308,558 $ 179.805,635 $ 163,429,423 $ 521.398 $ 483,510
27
COUNTY OF WELD
STATE OF COLORADO
Combined Statement of Revenues. Expenditures and Changes in Fund Balances
All Government Fund Types, Expendable Trust Funds and
Discretely Presented Component Unit
For the fiscal year ended December 31. 1996
(With comparative totals for the fiscal year ended December 31. 1995)
Governmental Fund Type
REVENUES
Taxes
Licenses and permits
Intergovernmental
Fines and forfeitures
Miscellaneous
Fees
Charges for services
Total Revenues
General
Special Capital
Revenue Projects
$ 17,965.107 $ 11,867,580 $ 1,482,070
661,732 345,722 0
4,127,642 38.996.157 0
24.345 0 0
3,187,017 319,612 213,141
2,762,387 0 0
1,606.218 3.331.794 0
30,334.448 54.860.865 1,695,211
EXPENDITURES
Current:
General government 11,947.972 0 0
Public safety 14.259.702 0 0
Public works 770,798 13,004.304 0
Public health and welfare 1,119,542 30,836,829 0
Culture and recreation 84,834 207,343 0
Economic assistance 0 6.770.891 0
Miscellaneous 974,179 1.059.107 0
Capital outlay 250.002 425.554 5,401,531
Debt service 107,963 0 0
Intergovernmental 0 559,388 0
Total Expenditures
29,514,992 52,863,416 5,401,531
Excess (Deficiency) of Revenues
Over (Under) Expenditures 819,456
1,997,449 (3.706.320)
Other Financing Sources (Uses):
Operating transfers - in 0 1.495.877 0
Operating transfers - out (1,275,877) (220,000) 0
Total Other Financing Sources (Uses) (1.275,877) 1,275,877 0
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
(456,421)
Fund Balances at Beginning of Year 1,271.596
3,273,326 (3.706,320)
12,208,942 3,792,886
Fund Balances at End of Year $ 815.175 $ 15.482.268 $ 86,566
28
(See Notes to Financial Statements)
Fiduciary
Fund Type
Expendable
Trust 1996 1995 1996 1995
Primary Government Component Unit
Memorandum Totals Housing Authority
0 $ 31,314,757 $ 28.435.809 $ 0 $ 0
0 1,007,454 863.912 0 0
0 43,123.799 45.856.735 2,097.159 2.050.412
o 24,345 28.983 0 0
193.884 3,913,654 3,918,064 39.276 9.491
0 2,762,387 2,888,955 0 0
0 4.938.012 4,686,742 0 0
193.884 87,084,408 86,679,200 2.136.435 2,059.903
0 11.947,972 10,531,129 0 0
0 14,259.702 13,049,185 0 0
0 13.775.102 14,416,806 0 0
0 31,956,371 30.821,871 0 0
0 292,177 336.047 0 0
0 6.770.891 7,472,758 2,091,666 1,809,931
297.096 2,330,382 2.222,975 0 0
0 6,077,087 3.594.277 2,094 10,698
0 107.963 154.507 0 0
0 559.388 522,232 0 0
297,096 88.077.035 83.121,787 2.093.760 1,820,629
(103.212)
(992,627) 3,557,413
42,675 239,274
0 1,495,877 6.601.778 0 0
0 (1,495,877) (6,751.778) 0 0
0
(103.212)
103,686
0 (150,000)
(992,627) 3,407.413
17.377,110 13,969,697
0 0
42,675 239,274
385.418 146.144
f 474 $ 16.384.483 $ 17,377.110 $ 428.093 $ 385,418
29
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, 1996
General
Variance
Favorable
Budget Actual (Unfavorable)
REVENUES
Taxes
Licenses and permits
Intergovernmental
Fines and forfeitures
Miscellaneous
Fees
Charges for services
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Public health and welfare
Culture and recreation
Economic assistance
Miscellaneous
Capital outlay
Debt service
Intergovernmental
Total Expenditures
$ 17,992,745 $ 17,965,107 E (27,638)
565,036 661,732 96,696
3.525,692 4.127.642 601,950
4.850 24,345 19.495
3,232,537 3,187,017 (45,520)
2,714,315 2,762,387 48.072
2.864.588 1,606,218 (1,258,370)
30,899,763 30,334,448 (565,315)
11.925,103 11,947,972 (22,869)
14.199.288 14,259.702 (60.414)
741,724 770,798 (29.074)
1,220.092 1,119.542 100,550
56,661 84,834 (28,173)
0 0 0
697,635 974,179 (276,544)
663,729 250,002 413,727
131,623 107,963 23.660
0 0 0
29,635,855 29,514.992
Excess of Revenues
Over (Under) Expenditures 1.263,908
Other Financing Sources (Uses):
Operating transfers - in
Operating transfers - out
(1.975.370)
Total Other Financing Sources (1.975,370)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
Fund Balances at Beginning of Year
Fund Balances at End of Year
(711,462)
120,863
819,456 (444,452)
0 0 0
(1.275,877) (699,493)
(1,275.877) (699,493)
(456.421) 255,041
1,271.596 1.271,596 0
$ 560.134 $ 815.175 $ 255,041
(See Notes to Financial Statements)
3 ()
Special Revenue Capital Projects
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
f 12,025,165 $ 11,867,580 $ (157,585) $ 1.474,265 $ 1.482,070 $ 7,805
411,900 345,722 (66,178) 0 0 0
49.307.394 38.996,157 (10.311.237) 0 0 0
0 0 0 0 0 0
224,650 319,612 94,962 235,000 213,141 (21,859)
0 0 0 0 0 0
2.907.943 3,331,794 423,851 0 0 0
64.877.052 54,860.865
(10,016,187) 1,709,265
1,695,211 (14,054)
0 0 0 0 0 0
0 0 0 0 0 0
18.024.328 13,004,304 5,020,024 0 0 0
39,004,068 30,836,829 8,167,239 0 0 0
302.343 207,343 95,000 0 0 0
7,446,897 6.770,891 676.006 0 0 0
1,080,000 1.059.107 20,893 0 0 0
228.152 425.554 (197.402) 9,109,497 5,401.531 3,707,966
0 0 0 0 0 0
558.096 559,388 (1,292) 0 0 0
66.643.884 52,863,416 13,780.468 9,109.497 5,401,531 3,707,966
(1,766,832) 1,997.449
3,764,281 (7,400,232)
(3,706.320) 3,693,912
12,351 1,495,877 1,483,526 3,600,000 0 (3,600,000)
(2,900,000) (220,000) 2,680,000 0 0 0
(2,887,649) 1,275,877
(4,654.481) 3,273,326
12,208,942 12,208,942
4,163,526 3,600.000
7,927,807 (3,800,232)
0 (3.600.000)
(3,706.320) 93,912
0 3.792.886 3,792,886 0
$ 7,554,461 $ 15,482,268 $ 7,927,807 $ (7.346) $ 86,566 $ 93,912
31
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, 1996
(With comparative totals for the fiscal year ended December 31, 1995)
OPERATING REVENUES
Earnings on investments
Contributions
Charges for services
Total Operating Revenues
OPERATING EXPENSES
Personnel services
Supplies
Purchased services
Insurance and bonds
Depreciation
Benefit payments
Other
Refunds
Claims
Capital outlay
Bad debt expense
Total Operating Expenses
Operating Income (Loss)
Proprietary Fund Type
Fiduciary Fund Type Memorandum Totals
Internal Non -
Enterprise Service Expendable Pension
Fund Fund Trust Fund Trust Fund 1996 1995
$ 0 $ 0 $ 1,452 $ 11.303,669 $ 11.305,121 $ 3,339,371
0 214,875 0 2,930,702 3,145,577 2,621.980
3,079,363 4,644,684 0 0 7,724,047 8,024,881
3.079.363 4,859,559 1,452 14,234,371 22.174.745 13,986.232
1,267,912 161,740 0 0 1,429,652 1,486,506
121,988 573,000 0 10,000 704,988 705,787
281,083 1,966,985 0 328,798 2.576.866 2.678,728
0 14.811 0 0 14,811 157,631
159.227 1,543,759 0 0 1,702,986 1.758,283
0 0 0 2,366,659 2,366,659 1.732,730
166,911 587,119 0 0 754.030 363,693
0 0 0 0 0 488,028
0 916.399 0 0 916,399 666,831
0 0 0 0 0 7,320
569,848 0 0 0 569,848 1,062.863
2,566,969 5,763,813 0 2,705.457 11,036,239 11,108,400
512,394 (904.254) 1,452 11,528,914 11,138,506 2,877.832
NONOPERATING REVENUES (EXPENSES)
Taxes 0 550,225 0 0 550.225 549,578
Intergovernmental 76,439 0 0 0 76,439 12.391
Miscellaneous 8.828 76,560 0 0 85.388 164,308
Fees 0 1,327 0 0 1.327 1.579
Gain on disposition of assets 961 70.666 0 0 71,627 390.304
Judgements and damages 0 97,957 0 0 97.957 48.338
Interest 0 (111.660) 0 0 (111,660) (125,130)
Total Nonoperating Revenues (Expenses) 86.228 685.075 0 0 771.303 1,041,368
Income (Loss) Before Operating Transfers 598,622 (219,179) 1,452 11,528.914 11,909,809 3,919.200
Operating Transfers:
Operating transfers in
Total Operating Transfers In
0
0
Net Income (Loss) 598.622
Retained Earnings/Fund Balance
at Beginning of Year
Retained Earnings/Fund Balance
at End of Year
0 0
0 0
(219,179) 1.452
0 0 150.000
0 0 150,000
11.528.914 11.909.809 4,069,200
1.149,359 3.371,204 1,165 43,679,808 48.201.536 44,132,336
f 1,747,981 $ 3,152,025 $ 2,617 $ 55.208.722 $ 60,111,345 $ 48.201,536
(See Notes to Financial Statements)
32
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, 1996
Proprietary Fund Type Nonexpendable Memorandum
Enterprise Internal Trust Total
Fund Service Fund 1996
CASH FLOWS FROM OPERATING ACTIVITIES
Operating income (loss) $ 512 394 $ (904 254) $ 1 452 $ (390.408)
Adjustments to reconcile operating income (loss)
to net cash provided by operating activities:
Depreciation 159,227 1,540,516 0 1.699.743
Miscellaneous Revenue 85,267 163,725 0 248.992
Change in assets and liabilities:
(Increase) decrease in accounts receivable (382,245) 71,564 0 (310,681)
(Increase) decrease in inventory 0 (14,168) 0 (14.168)
(Increase) decrease in other assets 762 (143,413) 0 (142,651)
Increase (decrease) in accounts payable (10.441) 187,718 10.163 187,440
Increase (decrease) in accrued liabilities (14,596) (244,241) 0 (258,837)
Increase (decrease) in other liabilities (30 364) 213 828 0 183 464
Total adjustments
Net cash provided by operating activities:
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Taxes
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES:
Interest paid on borrowings
Proceeds from sale of capital assets
Acquisition of capital assets
Net cash used for capital and related
financing activities
(192.390) 1.775 529
320 004 871 275
0 550 225
10.163 1 593 302
11 615 1 202 894
0 550 225
0 (111,660) 0 (111.660)
1,000 90.040 0 91.040
(237.136) (1.273.416) 0 (1 510 552)
(236.136) (1 295 036) 0 (1.531.172)
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest on investments 0 12,119 0
Net Increase in Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
12 119
83,868 138,583 11.615 234,066
0 1 816 696 25.006 1.841 702
Cash and Cash Equivalents at End of Year $ 83 868 $ 1 955 279 $ 36.621 $ 2.075 768
Reconciliation to Balance Sheet:
Cash and Cash Equivalents at end of year 83,868 1,955,279 36.621 2,075.768
Other Trust and Agency Funds 0 0 5 942.551 5 942 551
Per Balance Sheet $ 83 868
NONCASH TRANSACTIONS AFFECTING FINANCIAL POSITION:
$ 1 955 279 $ 5 979 172
$ 8.018.319
Disposition of contributed fixed assets $ 13.993 $ 13,272 $ 0 $ 27,265
Contribution of fixed assets (2,800) (87.661) 0 (90,461)
Net change in contributed capital (11 193) 74 389 0 63,196
Net effect of noncash transactions $ 0 $ 0 $ 0 $ 0
33
(See Notes to Financial Statements)
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
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.
34
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
Weld County Finance Corporation -- The Weld County Finance
Corporation ("Corporation") was formed in 1987 as a not -for-profit
corporation under section 501(c) (4) of the Internal Revenue Code,
and exists solely to acquire real estate and construct buildings
for lease to the County and others. The Board of County
Commissioners appoints the three -member Board of Directors of the
Corporation, and approves all projects undertaken by the
Corporation. The members of the Board of Directors are employees
of the County.
The 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 non-profit subsidiary operating the hospital. Effective in
1991 the Hospital Board of Trustees no longer appoints any members
to the Normedco Board of Directors. The NCMC has the ability to
incur its own debt and its operations are financed totally by
patient revenues.
Greeley -Weld Airport Authority -- The County Commissioners appoint
two of the five Airport Authority Board members. The County has
contributed approximately 5% of the funds for capital construction.
The Authority has full autonomy under Colorado State law, can incur
debt, and funds its operations totally from user fees.
Weld Library District -- The County Commissioners, together with
the concurrence of the city councils of seven participating
municipalities, appoint the seven member Library District Board.
The Library District Board has total autonomy under the State
Library Act to incur debt, establish budgets, and levy property
taxes to support the District's library system.
35
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
Colorado Counties Casualty and Property Pool (hereinafter referred
to as "CAPP") -- CAPP was formed July 1, 1986, by an
intergovernmental agreement by member counties as a separate and
independent governmental and legal entity pursuant to the
provisions of Article XIV, section 18(2) of the Colorado
Constitution and section 29-1-201 et seq. 24-10-115.5, and 29-13-
102, CRS, as amended. Each member county in this intergovernmental
agreement has the power under Colorado law to make provision for the
property and casualty coverage which constitute the functions and
services jointly provided by means of the CAPP. The Insurance
Commissioner of the State of Colorado has such authority with
respect to the CAPP as is provided by applicable Colorado statues.
The purposes of the CAPP are to provide a risk management fund for
defined property and casualty coverage and to assist members in
controlling costs by providing specialized governmental risk
management services and systems.
It is the intent of the members to use member contributions to
defend and indemnify, in accordance with these bylaws, any member
against stated liability or loss to the limit of the financial
resources of the risk management fund. It is also the intent of the
members to have CAPP provide needed coverage at reasonable costs.
All income and assets of CAPP shall be at all times dedicated to the
exclusive benefit of its members. Weld County, through its
Insurance Internal Service Fund, recognizes an expense for the
amount paid to CAPP annually for these coverages.
Weld County is a charter member of CAPP, and has been a continuous
member since July 1, 1986.
B. Basis of Presentation:
Each fund is an independent fiscal and accounting entity with a self -
balancing set of accounts recording cash and other financial resources
together with all related liabilities, residual equities and balances
which are segregated for the purpose of carrying on specific activities
or attaining certain objectives in accordance with special regulations,
restrictions, or limitations. The various funds are grouped into six
generic fund types under three broad fund categories, as follows:
Governmental Fund Types:
All governmental funds and expendable trust funds are accounted for
using a current financial resources measurement focus. Under this
measurement focus, only current assets and current liabilities are
generally included in the balance sheets.
36
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
The reported fund balance (net current assets) is considered a
measure of "available spendable resources". Governmental fund
operating statements present increases (revenue and other financing
sources) and decreases (expenditures and other financing uses) in
net current assets. Accordingly, these funds are said to present
a summary of sources and uses of "available spendable resources"
during a period.
General Fund:
The General Fund accounts for all financial transactions of
the County that are not properly accounted for in other funds.
Ordinary operations of the County such as public safety,
County administration and other activities financed from taxes
and general revenue are reflected in this fund.
Special Revenue Funds:
Special Revenue Funds are established to account for taxes or
other earmarked revenue of the County which finance specified
activities as required by law or administrative action.
Capital Projects Funds:
Capital Projects Funds are established to account for
financial resources used for the acquisition or improvement of
the capital facilities of the County.
Proprietary Fund Types:
All proprietary funds are accounted for on a flow of economic resources
measurement focus. This means that all assets and all liabilities
(whether current or non -current) associated with the fund's activity are
included on the balance sheet. Fund equity (net total assets) is
segregated into contributed capital and retained earnings components.
Proprietary fund type operating statements present increases (revenue)
and decrease (expenses) in net total assets. The County applies
applicable FASB pronouncements issued on or before November 30, 1989,
in accounting and reporting for its proprietary operations.
Enterprise Fund:
Enterprise 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.
37
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
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.
38
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
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 net assets as permitted by GASB No. 25. The
application of the change is shown by reflecting the cumulative effect
of the change, amounting to $5,433,139, in the Statement of Changes in
Plan Net Assets. The adjustment represents unrealized gains on
investments that had not previously been recognized in the Pension
Retirement Fund.
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 mamagement control device during
39
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
the year to monitor the individual departments. The fund level is
the level of classification at which expenditures may not legally
exceed appropriations, except for the General Fund where the
department level of expenditures cannot legally exceed
appropriations. During the year, several supplemental appropriations
were necessary. All annual appropriations lapse at year end.
The Director of Finance and Administration is authorized to
transfer budgeted amounts within departments of each fund. Any
revisions that alter the total appropriation for a fund or for any
General Fund department must be approved by the County
Commissioners through a supplemental appropriation ordinance.
During 1996, three supplemental appropriation ordinances were
enacted, which brought the total budget from the original
appropriation of $102,461,930 to $114,073,030. 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, 1995 and are collected
in 1996 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
40
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
may submit the question of an increased levy to the County Council
and, if in the opinion of a majority of the County Council the
County is in need of additional funds, the Council may grant an
increased levy for the County in such amount as it deems
appropriate, and the County is authorized to make such increased
levy.
Any one capital project requiring a capital expenditure out of
funds procured by ad valorem taxation equal to a three mill levy
for three years, shall be prohibited unless approved by a majority
vote of the qualified electors at a general or special election per
Section 14-8 of the Weld County Home Rule Charter.
The original January 1, 1996 levies for the applicable funds of the
County are as follows:
Mills Amount
General Fund 13.333 $ 17,918,681
Road and Bridge 1.978 2,658,587
Social Services Fund 3.098 4,163,484
Contingent Fund .784 1,053,094
Emergency Reserve Fund 1.339 1,800,000
Capital Expenditures Fund 1.097 1,474,265
Insurance Fund .409 550,000
TOTAL 22.038 $ 29,618,111
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 Plan, which are stated at market value.
For purposes of the statement of cash flows, the County considers
all highly liquid investments with a maturity of three months or
less to be cash equivalents.
Inventories:
Inventories of governmental funds, which consist of expendable
materials held for consumption, are stated at cost utilizing the
weighted average cost method. These funds follow the consumption
method of accounting whereby expenditures are recorded at the time
the inventory items are used.
Inventories of proprietary funds are recorded at average cost.
41
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
Short-term Interfund Receivables/Payables:
Interfund transactions resulting from reimbursements, operating
transfers, and charges for services rendered, are recorded as due
to or due from other County funds.
Advances to Other Funds:
Noncurrent portions of long-term interfund loans receivable
(reported in "Advance" asset accounts) are equally offset by a fund
balance reserve account which indicates that they do not constitute
"available spendable resources" since they are not a component of
net current assets.
Interfund Transactions:
Quasi -external transactions are accounted for as revenues,
expenditures or expenses. Transactions that constitute
reimbursements to a fund for expenditures/expenses initially made
from it that are properly applicable to another fund, are recorded
as expenditures/expenses in the reimbursing fund and as reductions
of expenditures/expenses in the fund that is reimbursed.
All other interfund transactions, except
transactions and reimbursements, are reported
Nonrecurring or nonroutine permanent transfers
reported as residual equity transfers. All
transfers are reported as operating transfers.
quasi -external
as transfers.
of equity are
other interfund
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
Improvements Other Than
Buildings
Machinery and Equipment
42
20-30 years
20 years
3-10 years
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
Risk Management and Insurance:
The County manages risks of loss through a combination of
commercial insurance, participation in a public entity risk pool,
and self-insurance. These activities are accounted for in the
Insurance Fund, an internal service fund.
The County provides dental and vision insurance benefits to
employees, which are funded by employee contributions. These
activities are accounted for in the Health Insurance Fund, an
internal service fund.
Estimated liabilities for claims incurred but not reported are
included in accrued liabilities.
Sick Leave and Vacation Pay:
Accrued sick leave for the governmental funds are 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. At December 31, 1996, the
liability for accumulated sick leave approximated $379,174 for all
funds.
Accrued vacation for the governmental funds are 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. At
December 31, 1996, the liability for accumulated vacation
approximated $792,493. 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.
43
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
Fund Equity:
Contributed capital is recorded in proprietary funds that have
received capital grants or contributions from developers, customers
or other funds. Reserves represent those portions of fund equity
not appropriable for expenditure or legally segregated for a
specific future use. Designated fund balances represent tentative
plans for future use of financial resources.
Reserves for the County of Weld are recorded up to the maximum
equity available in fund balance and consist of:
Reserved for Encumbrances:
These reserves are established to record purchase orders and
commitments outstanding for which the related goods/services
have not been received at year end. The reserves recorded at
December 31, 1996 include $39,854, $502,471 and $3,639,437 for
the General Fund, Special Revenue Funds, and Capital Projects
Fund, respectively, for a total of $4,181,762.
Reserved for Other Assets:
These reserves are established to record all prepaid items.
Recorded reserves at December 31, 1996 are $46,800 and
$10,076 for the General Fund and Special Revenue Funds,
respectively, for a total of $166,015.
Reserved for Inventories:
These reserves are established to record the total level of
supply inventories. The Special Revenue Funds have amounts at
December 31, 1996 of $640,346.
Reserved for Employee Benefits:
These reserves are established to record the pension benefit
obligation of the Weld County Retirement Plan. The amount of
this reserve is $42,547,960 at December 31, 1996.
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 $3,972,082 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, 1997.
44
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
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 25C per mile. Donated food, clothing, and other goods
are recognized as contributed revenue at fair market value. An
offsetting in -kind expenditure is also recorded for the value of
the donated goods and services.
Memorandum Only - Total Columns:
Total columns on the General Purpose Financial Statements are
captioned Memorandum Total to indicate that they are presented only
to facilitate financial analysis. Data in these columns do not
present financial position, results of operations, or cash flows in
conformity with generally accepted accounting principles. Neither
is such data comparable to a consolidation. Interfund eliminations
have not been made in the aggregation of this data.
Comparative Data:
Comparative total data for the prior year have been presented in
the accompanying financial statements in order to provide an
understanding of changes in the County's financial position
and operations. However, comparative data have not been presented
in all statements because their inclusion would make certain
statements unduly complex and difficult to understand.
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.
Deposits:
Colorado State Statutes, specifically the Public Deposit Protection
Act of 1989, require all public monies to be deposited in financial
institutions which have been designed as eligible public
depositories. Eligible public depositories must pledge eligible
collateral, as promulgated by the State banking board, having a
market value in excess of one hundred two percent of the aggregate
uninsured public deposits. Eligible collateral must be held in the
custody of any federal reserve bank or any branch therof, or of any
depository trust company which is a member of the federal reserve
45
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
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 investments at December 31, 1996 are
as follows:
Primary Government: Category
A B
Bank Carrying
Balance Amount
Demand deposits $102,863
Money-market deposits 100,000
Certificate of deposit 600,000
Deposits in transit
Cash on hand
$3,296,082
128,752
3,957,857
$3,398,945
228,752
4,557,857
$1,798,920
228,752
4,557,857
862,134
482,881
Total Deposits $802,863 $7,382,691 $8,185,554 $7,930,544
Component Unit: Category
A B
Bank Carrying
Balance Amount
Demand deposits
$ 0 $ 295,335 $ 295,335 $ 295,335
All deposits made by the County Treasurer in 1996 were done so in
eligible public depositories, as defined by the Public Deposit
Protection Act of 1989.
46
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
If a fund overdraws its share of a pooled cash account, the
overdraft is reported as an interfund receivable in General Fund
or in General Agency with an offsetting interfund payable in the
overdrawn fund. Cash deficits that were outstanding at December
31, 1996 are as follows:
Special Revenue Fund:
Public Health $104,440
Internal Service Fund:
Printing & Supply 168,199
Expendable Trust Fund:
Employee Flexible Spending 41,555
Due to General Fund $314,194
General Agency:
Upper Front Range Transportation Trust $ 5,024
Due to General Agency $ 5,054
Investments:
Colorado State Statutes authorize the County to invest in various
local government investment pools. These pools operate similarly
to a money market fund. Investments consist of U.S. Treasury Bills,
notes and note strips and repurchase agreements collateralized by
U.S. Treasury Notes. The designated custodial bank provides
safekeeping and depository services in connection with the direct
investment and withdrawal functions of each pooled investment. All
securities owned by each pooled investment are held by the Federal
Reserve Bank in the account maintained for the custodial bank. The
custodian's internal records identify the investments owned by each
pool investor. At December 31, 1996, the County held investments
in the following 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).
Colorado State Statutes authorize the County to invest in any of the
following securities with a maximum maturity date no more than five
years from the date of purchase:
47
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
a. U.S. Treasury Bills, notes or bonds; Federal Farm Credit Bank,
Federal Land Bank, Federal Home Loan Bank, Federal Home Loan
Mortgage Company, Federal National Mortgage Association, and
Export -Import Bank notes or bonds;
b. Obligations of any other U.S. agency if control of the agency
by the U.S. is at least as extensive as those above and the
security is rated in the highest rating category by at least one
nationally recognized agency at the time of purchase;
c. Obligations of World Bank, Inter -American Development Bank and
African Development Bank if the security is rated in one of the
two highest rating categories by at least one nationally
recognized rating agency at the time of purchase.
d. General obligation bonds of any state, District of Columbia,
U.S. territory or any of their subdivisions if the security is
rated in one of the three highest rating categories by at least
one nationally recognized rating agency at the time of purchase;
e. Revenue bonds of any state, District of Columbia, U.S. territory
or any of their subdivisions if the security is rated in one of
the two highest categories by at least one nationally recognized
rating agency at the time of purchase;
f. Bankers acceptances issued by a state or national bank if the
bank has combined capital and surplus of at least $250,000,000;
g. Commercial paper if rated in the highest rating category by at
least one nationally recognized rating agency at the time of
purchase;
h. Any obligation, certificate of participation of lease/purchase
of the County;
i. Repurchase agreements in securities listed in (a) or (b) above
if the securities are marketable, have a market value equal to
the funds invested at all times, title or perfected security
investment is transferred to the public entity or custodian and
the securities are delivered to the public entity or third party
custodian or trustee for safekeeping;
48
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
J•
Money market funds, registered as an investment company, if the
investment policies include an attempt to maintain constant
share price, there is no sales of load fee added to the purchase
or redemption price, there is a maximum maturity of one year or
less and an average maturity of 120 days or less of securities
in the fund, and the investments must consist only of securities
listed above, perfected reverse repurchase agreements of less
than 30 days relating to securities listed in (a) through(h)
above, or securities not listed in (a) through (i) above that
are tax exempt and do not exceed 15% of investments of the fund;
and
k. Guaranteed investment contracts issued by an insurance company
with a Colorado certificate if the security is rated in the
highest rating category by at least one nationally recognized
rating agency at the time of purchase and the security is
purchased with proceeds of the sale of securities or proceeds
of certificates of participation or lease purchases (no
refunding bond escrow may be invested).
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 counterparty'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
counterparty 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 pooled investments cannot be categorized
by level of risk because they are not evidenced by specific
securities due to the nature of an investment pool. The deferred
compensation plan investments also cannot be categorized since the
specific securities belonging to Weld County cannot be identified.
The pension trust investments also cannot be categorized.
49
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
U.S. Government Agency Notes
Category Carrying Market
B Amount Value
$ 10,648,768 $10,648,768 $10,639,930
Deferred compensation plan investments
Retirement plan investments
Investment on CSAFE
Investment in CDT
Investment in COLOTRUST
Investment in GAP
2,326,058 2,326,058
54,307,408 54,307,408
2,442,098 2,442,098
775,677 775,677
633,667 633,667
979,563 979,563
Total Investments $72,113,239 $72,104,401
At December 31, 1996, the County has invested $3,972,082 in a
government securities fund, initally 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, 1996:
Allowance for
Fund Type Uncollectibles
General
Special Revenue
Capital Projects
Enterprise
Internal Service
Total
50
16,250
5,745
2,881
575,943
538
601,357
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
Note 4 - Individual Fund Receivable and Payable Balances and Advances:
Interfund receivable and payable at December 31, 1996 are as follows:
General Fund
Special Revenue Funds:
Public Works Fund
Social Services Fund
Contingent Fund
Public Health Fund
Human Service Fund
Solid Waste Fund
Capital Projects Fund
Enterprise Fund:
Ambulance
Internal Service Funds:
Motor Vehicle Fund
Printing and Supply Fund
Insurance Fund
Phone Services Fund
Trust and Agency Funds:
Employee Flexible Spending
Total
Interfund
Receivables
Interfund
Payables
$ 2,169,903 $ 381,903
314,589
0
0
32,494
59,458
64,687
0
774,157
130,337
30,800
152,496
75,036
227,960
700,000
0 10,588
0
176,321
4,499
83,994
1,024
169,598
52,338
192,153
126,621 134,176
$ 3,032,566 $ 3,032,566
Transfers in and out of other funds at December 31, 1996 are as follows:
General Fund
Special Revenue Funds:
Contingent Fund
Emergency Reserve Fund
Public Health Fund
Human Services Fund
Total
Transfer
In
Transfer
Out
0 $ 1,275,877
0
220,000
1,263,019
12,858
220,000
0
0
0
$ 1,495,877 $ 1,495,877
51
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
Note 5 - General Fixed Assets:
A summary of changes in general fixed assets follows:
Land
Buildings
Leasehold Improvements
Improvements Other
than Buildings
Machinery and Equipment
Construction in Progress
Total
Balance
1/1/96
Balance
Declass Additions Deletions 12/31/96
$ 3,880,118 $ (819,519) $ 0 $ 498,541 $ 2,561,998
25,018,962 (29,596) 379,011 1,332,645 24,035,732
0 29,596 0 0 29,596
1,483,256 805,081 538,286 29,417 2,797,206
8,449,150 14,498 497,801 1,635,909 7,325,540
803,381 0 4,808,086 496,750 5,114,717
39,634,867 $
0 $ 6,223,184 $ 3,993,262 $ 41,864,789
At year-end 1996 construction in progress consists of $5,114,717 for the North site
jail.
Note 6 - Long -Term Debt:
Long-term debt consists of the following at December 31, 1996:
Internal Service Fund:
Certificates of participation
Less unaccreted discount
$ 1,595,000
11,622
Certificates of participation - net 1,583,378
General Long -Term Debt Account Group:
Sick -leave and vacation accruals
Obligation on long-term lease
1,096,757
211,601
Total 1,308,558
MEMORANDUM TOTAL
52
$ 2,891,936
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
Certificates of participation represent debt of the Weld County Finance
Corporation and are not general obligations of the County. The
certificates were issued to finance the construction of buildings leased
to the County. The lease payments are sufficient to cover the
indebtedness of the Finance Corporation, and include a purchase option
at the end of the lease. The certificates bear interest at rates
ranging from 4.25% to 7.3% per annum and mature during 2002. Those
certificates maturing in 2001 or after are callable for redemption prior
to maturity in whole or in part at the option of the County in 2000.
The long term lease is for the administrative building at the north
site. Book value of building at December 31, 1996 is $2,091,796.
Future debt service requirements for the certificates of participation
and capital lease are detailed as follows:
Principal Requirement Interest Requirement
Year
Certificates Certificates Total Annual
of Par- Capital Total of Par- Capital Total Debt Service
ticipation Lease Principal ticipation Lease Interest Requirement
1997 $ 190,000 $ 211,801 $ 401,801 $ 101,535 $ 8,776 $ 110,311 $ 512,112
1998 205,000 0 205,000 90,325 0 90,325 295,325
1999 220,000 0 220,000 77,820 0 77,820 297,820
2000 235,000 0 235,000 63,960 0 63,960 298,960
2001 250,000 0 250,000 48,920 0 48,920 298,920
2002 495,000 0 495,000 32,670 0 32,670 527,670
Total $1,595,000 $ 211,801 $1,806,801 $ 415,230 $ 8,776 $ 424,006 $2,230,807
Long-term debt transactions during 1996 are summarized as follows:
Balance,
January 1, 1996
Retired in 1996
Discount accretion
Balance
December 31, 1996
Certificates
of
Participation
$ 1,760,134
(180,000)
3,243
$ 1,583,377
Vacation
& Sick Capital
Leave Lease
$ 1,119,282
(22,525)
0
$ 412,416
(200,615)
0
Total
$ 3,291,832
(403,140)
3,243
$ 1,096,757 $ 211,801 $ 2,891,935
Weld County has no general bonded indebtedness. In accordance with Section 30-35-201,
CRS, 1973, the county's general bonded indebtedness is limited to 3% of the assessed
valuation, or $39,895,226 at December 31, 1996.
The County is not liable for repayment of industrial revenue bonds outstanding of
$9,045,024 as of December 31, 1996.
51
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
Note 7 - Other Required Individual Fund Disclosures:
Excesses of expenditures over appropriations in individual funds are as
follows:
Note 8
Health Insurance Fund
Insurance Fund
Revised Over -
Appropriation Expenditure Expenditure
193,264 220,682 27,418
824,000 1,221,853 397,853
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 Printing &
Supply Fund at December 31, 1996 were deficits of $25,595 and $5,538
respectively. These deficits will be recovered through future
operations.
Weld County Retirement Plan:
The County maintains the Weld County Retirement Plan ("Plan") a single -
employer, defined benefit pension plan which covers all full-time
employees, except officers and employees of the Health Department.
Plan description and provisions:
All eligible full-time employees participate in the Weld County
Retirement Plan. The payroll for employees covered by the plan for
the year ended December 31, 1996 was $21,494,270; the County's total
payroll was $27,391,744. Current membership is comprised of the
following:
Retirees and beneficiaries currently
receiving benefits and terminated
employees entitled to benefits but
not yet receiving them
Current Employees:
Vested
Nonvested
329
395
366
TOTAL 1,090
54
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
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 2.50
percent of their average monthly compensation (during the 12 highest -
paid consecutive calendar months of credited service within the last 120
months of credited service) times years of credited service. The
maximum benefit paid is 75 percent of final compensation and the minimum
is $25 a month per year of credited service. The Plan permits special
early retirement with full benefits to employees age 62 with 8 years of
credited service and regular early retirement with reduced benefits to
employees age 55 with five years of credited service.
Active employees who become disabled receive benefits beginning on the
first of the month on or after age 65 or, if later, when payments stop
under the County's Long -Term Disability Plan. Retirement benefits are
based on the disabled employee's final average monthly compensation at
the time of disability and credited service (including the period of
disability), payable for the disabled employee's life.
Effective September 1, 1995, 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.
If an employee terminates employment with the County and is not vested,
(has five years or more of credited service), the employee is entitled
to a refund of all employee contributions plus 6 percent annual
interest, compounded monthly. If the employee is vested, the employee
has the option of receiving a refund of accumulated contributions plus
interest or receive a monthly benefit commencing upon his or her normal
retirement date.
All employees participating in the Plan are required by the authority of
the Board of Commissioners to contribute 6 percent of their annual
salaries to the Plan. The County is required to contribute a matching
amount to fund the Weld County Retirement Plan, using the aggregate
actuarial cost method. Earnings on investments are also used to fund
the Plan.
55
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
Funding Status and Progress:
The amount shown below as the "Pension Benefit Obligation " is a standardized
disclosure measure of the present value of pension benefits, adjusted for the
effects of projected salary increases, estimated to be payable in the future
as a result of employee service to date. This measure is the actuarial
present value of credited projected benefits and is intended to, (i) help
users assess the Plan's funding status on a going -concern basis, (ii) assess
progress being made in accumulating sufficient assets to pay benefits when
due and (iii) allow for comparisons among public employee retirement plans.
The measure is independent of the actuarial funding method used to determine
contributions to the Plan. The pension benefit obligation was determined as
part of an actuarial valuation of the plan as of January 1, 1995.
Significant actuarial assumptions used in determining the pension benefit
obligation include: (a) a rate of return on the investments of present and
future assets of 7.5% per year compounded annually, (b) projected salary
increases at various rates depending on attained age ranging from 7.5% for
age 25 to 5.3% for age 64. The projected salary increases are due to a 5%
inflation rate and various rate for merit raises ranging from 2.5% at age 25,
to 0.3% at age 64. No assumption is made regarding post -retirement benefit
increases as these are reviewed and approved by the Weld County Retirement
Board based on availability.
Pension Benefit Obligation At January 1, 1996:
Retirees and beneficiaries
currently receiving benefits $16,860,832
Terminated vested employees
not yet receiving benefits
Current Employees:
Accumulated employee contributions,
including allocated investment
income
Employer -financed vested
Employer -financed nonvested
Total pension benefit obligation
Net Assets Available for Benefits
(at market value, cost of $43,679,808)
1,688,097
9,939,947
4,142,426
9,916,658
42,547,960
46,080,745
Net Assets in Excess of Pension
Benefit Obligation $ 3,532,785
56
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
Also as of January 1, 1996, the benefits for retirees and beneficiaries
were increased 2.5%. This caused an increase in the pension benefit
obligation of $411,240.
Contributions Required and Contributions Made:
The government's funding policy is to provide for periodic employer
contributions at actuarially determined rates that, expressed as
percentages of annual covered payroll, are designed to accumulate
sufficient assets to pay benefits when due. The required contributions
are determined using an aggregate actuarial cost method. The plan does
not have an unfunded actuarial accrued liability for 1996.
Significant actuarial assumptions used to compute contribution
requirements were the same as those used to compute the standardized
measure of the pension benefit obligation.
Contributions made during 1996 of 6% for both the County and the
participating employees were $1,465,351 each. Total covered payroll
for year ended December 31, 1996 was $21,494,270.
Trend Information:
Trend information for the years ended December 31, 1994, 1995, and 1996,
respectively, is as follows: Net assets, at cost, representing the
percent of total funding of the pension benefit obligation (as of the
beginning of the year) were 107.2%, 103.5%, and 108.3% respectively.
The County's contributions to the Plan, made in accordance with
actuarially determined requirements, were 6 percent of annual covered
payroll, for each of the years ended December 31, 1994, 1995, and 1996.
Assets, at cost, in excess of the pension benefit obligation were 12.9%,
6.6% and 16.4% of covered payroll for the years ended December 31, 1994,
1995 and 1996, respectively.
Ten-year trend information, giving an indication of the progress made in
accumulating sufficient assets to pay benefits when due, may be found
in the statistical section of this report.
57
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
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 accounts payable in the 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 current and prior years are as follows:
Unpaid Claims - Beginning
Incurred Claims
(Includes IBNR's)
Claims Paid
Unpaid Claims - Ending
58
December 31 December 31
1995 1996
$ 335,424 $ 369,878
343,678 437,267
(309,224) (570,969)
$ 369,878 $ 236,176
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
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 accounts
payable 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:
Unpaid Claims - Beginning
Incurred Calims
(Includes IBNR's)
Claims Paid
Unpaid Claims - Ending
December 31 December 31
1995 1996
$ 215,759 $ 194,931
$ 75,613 70,557
(96,441) (181,289)
$ 194,931 $ 84,199
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:
In April, 1996, the Colorado Court of Appeals overturned a District Court
decision and ruled that The Villa at Greeley, Inc. has a vested right to
develop a pre -parole facility in Weld County, but needs to seek voter
approval prior to the issuance of a certificate of occupancy. The issue
was submitted to the voters in November, 1996. Because voters defeated
the proposal, the Villa now has a claim for compensation against Weld
County for the loss of its vested right. The Villa has submitted to the
District Court an affidavit of its possible loss of $505,787.
The County is currently the defendant in several other lawsuits. Based
upon the opinion of legal counsel, these claims would be covered by
insurance and/or there does not appear to be a threat of significant
liability to the County.
59
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
At December 31, 1996, the County had $3,972,082 plus interest invested
in a government securities fund. This fund was frozen in 1991 by the
Securities and Exchange Commission pending outcome of criminal
investigations of the securities dealers and the County initiated
litigation to recover damages. As of December 31, 1996, this litigation
continues against substantial business entity defendants. There is a
reasonable possibility that an investment loss may ultimately be
realized. An estimate of the loss or range of loss cannot be made due
to the status of the litigation.
Colorado voters passed an amendment to the State Constitution, Article
X, Section 20, which has several limitations, including revenue
raising, spending abilities, and other specific requirements of state
and local governments. The Amendment is complex and subject to
judicial interpretation. The entity believes it is in compliance with
the requirements of the amendment. However, 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.
60
COUNTY OF WELD
STATE OF COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 1996
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.
Balance Balance
1/1/96 Additions Deletions 12/31/96
Assets $ 30,097 $2,775,250 $2,704,936 $100,411
Liabilities 30,097 2,775,250 2,704,936 100,411
Note 13 - Changes in Contributed Capital:
A reconciliation of changes in contributed capital is as follows:
Year ended December 31, 1995
Ambulance Fund
Motor Vehicle Fund
General Fixed Assets
Total
Additions
(Deletions)
To/From General
Fixed Assets or
Cont. Capital
$ (11,193)
74,389
(63,196)
S 0
61
Int
COLORADO
62
GENERAL, FUND
The General Fund accounts for all financial transactions of the County that are not properly
accounted for in other funds. Ordinary operations of the County such as public safety, county
administration and other activities financed from taxes and general revenues are reflected in this
fund. In compliance with GASB statement #6 Special Assessment Districts for Elmore Road,
Antelope Hills 1 and Indian Hills are reported in General Fund.
COUNTY OF WELD
STATE OF COLORADO
General Fund
Comparative Balance Sheets
December 31, 1996 and 1995
1996 1995
ASSETS
Cash and short-term investments
Receivables
(net of allowance for uncollectibles):
Current property taxes
Delinquent property taxes
Accounts
Special assessment
Due from other County funds
Due from other governmental units
Other assets
$ 1,815,589 $ 3,160,166
19,173.370 17,904,442
61,355 87,106
591,579 476,701
90 75,420
2,169,903 216,988
114,589 515,681
46,800 19,133
Total Assets $ 23,973,275 $ 22,455.637
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Accrued liabilities
Due to other County funds
Deferred revenue
Unexpended grant revenue
Advance from other funds
Total Liabilities
Fund Balance:
Reserved for encumbrances
Reserved for other assets
Unreserved:
Undesignated
Total Fund Balance
Total Liabilities and Fund Balance
63
$ 2,352,060 $ 1,376,485
661,244 631,913
381,903 495,356
19,422,892 18,015,805
340,001 589,482
0 75,000
23,158,100 21,184,041
39,856 247,828
46,800 19.133
728,519 1,004,635
815,175 1,271.596
$ 23.973,275 $ 22,455,637
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, 1996
(With Comparative actual for the fiscal year ended December 31. 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes
Severance tax
Tobacco products
Penalties & interest
Property tax adjustment
Total Taxes
Licenses and Permits:
Liquor licenses
Plow permits
Planning permits
Building permits
Electrical permits
Total Licenses and Permits
Intergovernmental:
Federal grants
Payment in lieu of taxes
State grants
Other governmental units
Cities & towns
Total Intergovernmental
Charges for Services:
Plan checking fees
Charges for services
Sale of supplies
Parking
Refuse disposal
Total Charges for Services
Fines and Forfeitures:
Property forfeitures/evidence
Fines (drunk drivers)
Total Fines and Forfeitures
$ 18,618,681 $ 18,575,675 S (43,006) $ 17,623.484
30,000 8,680 (21,320) 29,891
80,000 76,503 (3.497) 77.726
0 40,185 40,185 41,402
(735,936) (735.936) 0 (1.193,911)
17,992.745 17,965,107
(27.638) 16,578,592
3,000 4,473 1,473 3,711
0 19,680 19,680 0
217,036 206,926 (10,110) 249,880
285,000 348,828 63.828 287,153 '
60,000 81,825 21,825 76,151
565,036 661,732
96,696 616,895
72,155 299,721 227,566 28,708
0 0 0 52,029
3,292,514 2,929.446 (363,068) 2,990,915
29,891 63.702 33,811 71,707
131,132 834,773 703,641 109,125
3,525,692 4,127.642
601,950 3,252.484
30.000 25,783 (4,217) 31,366
2,664,788 1,513,718 (1,151.070) 1,588,163
158.000 54,073 (103,927) 34,563
11,800 12,644 844 11,028
0 0 0 949
2,864,588 1,606,218
(1,258,370) 1,666,069
0 (141) (141) 2.608
4,850 24,486 19,636 26,375
4,850 24,345
64
19,495 28,983
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
REVENUES (CONTINUED)
Miscellaneous:
Miscellaneous
Interest
Rents from land
Rents from buildings
Royalties
Special assessments
Other
Contributions/In kind
Sale of assets
Total Miscellaneous
Fees:
Sheriff's fees
Inmate bond fees
Fee account
DUI fees
Clerk & Recorder fees
Treasurer's fees
Advertising
Assessor's fees
Bad check fees
Community service fees
Investigation fees
Cable fees
Total Fees
Total Revenues
EXPENDITURES
General Government:
Office of the Board
County Attorney
Public Trustee
Planning and zoning
Clerk to the Board
County Clerk
Elections and registration
County Treasurer
County Assessor
Maintenance of buildings/grounds
County Council
District Attorney
Juvenile Diversion Grant
Victim Assistance
Financial administration
General accounting
Purchasing
Personnel
Computer Services
Total General Government
421,371 418,923 (2,448) 12.978
1,500,000 1,437,095 (62,905) 1,359,064
0 0 0 11,152
227,738 220,382 (7.356) 220.605
190,000 163,230 (26,770) 146,277
0 18 18 733,662
828,428 876,988 48,560 419,396
0 5,871 5.871 164,294
65,000 64.510 (490) 123,992
3,232.537 3.187,017
(45.520) 3.191,420
0 59 59 109,892
1,000 0 (1,000) 47,099
0 40,443 40,443 38,800
111,500 103.894 (7.606) 110,095
1,900,000 1,788,860 (111,140) 1,799,792
600,000 693.648 93,648 629,866
35,000 37,820 2,820 33,346
24,000 73,907 49,907 87,032
13,000 13,046 46 11.367
565 65 (500) 649
4,000 (584) (4,584) 2.391
25,250 11,229 (14.021) 18,626
2,714,315 2,762,387 48,072 2,888,955
30.899.763 30.334.448 (565.315) 28,223.398
366,091 369,311 (3,220) 374,798
371,800 363,864 7,936 360,861
4,000 994 3,006 1.733
410,394 412,194 (1.800) 340,749
108,858 108,586 272 84,851
1.116,283 1,144,462 (28,179) 1,092,400
573,552 548.134 25,418 389.245
549,558 605,456 (55,898) 451,397
1.796,096 1.765.861 30,235 1,501.806
1,790,963 1,791,265 (302) 1.742,641
20,911 11,237 9,674 11,136
1.526.544 1.544.047 (17.503) 1,443.344
271,136 223,768 47,368 203.472
438.205 437.241 964 405.385
185,694 185,115 579 270,953
364,526 401,175 (36.649) 264.527
73,112 71,969 1,143 68.300
235,954 242,161 (6,207) 357,119
1,721,426 1,721,132 294 1,166,412
11,925,103 11,947,972 (22,869) 10,531,129
65
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
EXPENDITURES (CONTINUED)
Public Safety:
Sheriff administration
Crime control and investigations
Posse/special deputies
Task force
Regional forensic laboratory
Communications services
E-911 administration
Criminal justice
County Coroner
Correctional administration
Community correction
Public service DUI
Building inspection
Office of emergency management
Waste water management
Animal control
Pest/weed control
Solid Waste
Total Public Safety
Public Works:
General engineering
Extension services
Veterans office
Airport
Total Public Works
Public Health and Welfare:
Mental health
Developmentally disabled
Seniors program
Economic development
Total Public Health and Welfare
Culture and Recreation:
Missile site park
County fair
Total Culture and Recreation
Economic Assistance:
Community development
Miscellaneous:
Other
Building rents
Total Miscellaneous
$ 644,589 $ 651.744 S (7,155) $ 597,846
2,901,984 2,963,728 (61,744) 2,826,351
0 0 0 61,728
224,342 190,467 33,875 210,187
114,581 111,089 3,492 87,060
609,769 615,190 (5.421) 577,262
700 561 139 479
623,794 657,559 (33,765) 468,094
190,175 223,472 (33.297) 198,643
5.568,780 5,569,617 (837) 5,191.802
2,316.685 2,316,361 324 2,011.221
171,661 145.295 26,366 121.164
420,032 397,702 22.330 363,626
76,825 71,466 5,359 75,282
5,066 5,066 0 4,914
140,205 133,548 6,657 91,724
187,100 187,299 (199) 161,802
3.000 19,538 (16,538) 0
14,199,288 14,259,702
407,653
240.294
43.777
50,000
432,305
270,007
40,610
27,876
741,724 770.798
(60.414) 13,049,185
(24,652)
(29,713)
3,167
22,124
358,281
225.089
38,656
15,000
(29,074) 637,026
135,875 105,375 30.500 101,000
46,105 46,105 0 67.805
11,700 11,700 0 11,700
1.026.412 956,362 70,050 97,333
1,220,092 1,119,542
100,550 277,838
4,000 (244) 4,244 5,643
52,661 85,078 (32,417) 96,920
56,661 84,834
0 E 0
317.020 593,564
380,615 380,615 0 360.021
(28.173) 102,563
0 S 315.672
(276,544) 609,763
697,635 974,179
66
(276,544) 969,784
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
EXPENDITURES (CONTINUED)
Capital Outlay:
Computer services
Equipment
County clerk
Elections and registration
Treasurer
Maintenance of buildings/grounds
Planning
District Attorney
Sheriff's administration
Crime control and investigations
Community serivce
County attorney
Building inspection
Regional forensic laboratory
Engineering
Communication system development
Criminal Justice
Correctional administration
County Coroner
Community correction
Extension
Clerk to the Board
Veterans Office
Community development
Total Capital Outlay
Debt Service:
Capital lease
Total Debt Service
Total Expenditures
Other Financing Sources (Uses):
Operating Transfers - In:
Non -Departmental
Operating Transfers - Out:
Appropriation Grants -In -Aid
Total Other Financing Sources (Uses)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
Fund Balance at Beginning of Year
263,181 80,724 182,457 657,716
30.000 22.583 7,417 57,177
25.000 25.074 (74) 0
23,000 23,000 0 0
14.000 12,641 1.359 0
10,000 9,873 127 0
0 1,698 (1,698) 0
9,500 9,030 470 0
6,900 8,021 (1,121) 0
24,692 8,037 16,655 10,716
689 0 689 0
0 514 (514) 0
3,500 3,334 166 0
0 5,434 (5.434) 995
2,000 1,790 210 0
495 9,649 (9,154) 1,000
214,000 18,153 195,847 251,585
28,772 5,163 23.609 8,005
0 0 0 2,017
7,000 0 7,000 2,757
1,000 909 91 0
0 4.375 (4,375) 0
0 0 0 1,892
0 0 0 1,084,782
663,729 250,002 413,727 2,078,642
131,623 107,963 23,660 154,507
131,623 107,963 23,660 154,507
29,635,855 29.514,992 120,863 28,116,346
0 0 0 311.363
(1.975.370) (1,275,877) (699.493) (963.424)
(1,975,370) (1,275,877) (699,493) (652,061)
(711,462) (456.421) 255.041 (545,009)
1,271,596 1,271,596 0 1,816,605
Fund Balance at End of Year $ 560,134 $ 815.175 $ 255.041 $ 1.271,596
67
ti'
Wilk
COLORADO
68
SPECIAL REVENUE
FUNDS
eliiittojeo
IIInmews
S
a
Special Revenue Funds are established to account for taxes or other earmarked revenues of
the County which finance specified activities as required by law or administrative action.
COUNTY OF WELD
STATE OF COLORADO
SPECIAL REVENUE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1996
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 Subdivision 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 acquistion, development and maintenance of new and existing conservation sites within Weld
County. The funds are derived from the Colorado State Lottery.
Contingent Fund:
The Contingent Fund records any property tax revenue levied by the Board of County
Commissioners to cover reasonably unforeseen expenditures.
Emergency Fund:
The Emergency Fund accounts for the "Emergency Reserve" required by "Amendment One" to the
Colorado constitution.
Public Health Fund:
The Weld County Public Health Department provides health services to County residents. The fund
reflects revenue and expenditures for health care, health education, health monitoring and other
related activities.
Human 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 further improvement and
development of landfill sites within the County.
69
COUNTY OF WELD
STATE OF COLORADO
Special Revenue Funds
Combining Balance Sheet
December 31, 1996
(With comparative totals for December 31, 1995)
Social Conservation
Public Works Services Trust Contingent Emergency
Fund Fund Fund Fund Fund
ASSETS
Cash and short-term investments
Receivables
(net of allowance for uncollectibles):
Current property taxes
Delinquent property taxes
Accounts
Special assessment
Due from other County funds
Due from other governmental units
Advances to other funds
Inventories
Other assets
Total Assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Due to other County funds
Due to other governments
Accrued liabilities
Other liabilities
Deferred revenue
Unexpended grant revenue
Total Liabilities
$ 5.365.698 $ 3,239,628 S 222,006 $ 4,962,656 $ 2.021.680
2,133,588 4,163,848 0 0 0
9.811 3,287 0 4.387 3,453
300,420 12.667 0 30,800 0
235.252 0 0 0 0
314,589 0 0 0 0
0 4,734 0 0 0
0 0 0 0 0
591,124 2,070,859 0 0 0
0 10,056 0 0 0
$ 8,950,482 $ 9,505,079 E 222,006 $ 4,997,843 $ 2,025,133
$ 460,469 $ 748,406 $ 0 E 0 S 0
774,157 130,337 0 30,800 0
0 5,889 0 0 0
147,793 160.343 0 0 0
0 46,911 0 0 0
2,319,084 4,491.260 0 4,387 3,453
0 2,070,859 0 0 0
3,701,503 7,654,005
0
35,187 3,453
Fund Balances:
Reserved for encumbrances 486,329 0 0 0 0
Reserved for other assets 0 10,056 0 0 0
Reserved for inventories 591,124 0 0 0 0
Reserved for emergencies 0 0 0 0 0
Reserved for advances to other funds 0 0 0 0 0
Reserved for claims 0 0 0 3,972.082 0
Unreserved:
Designated for future year's expenditures 1,000,000 140,409 0 900,000 2,000,000
Undesignated 3,171,526 1,700,609 222,006 90,574 21,680
Total Fund Balances 5,248,979 1,851,074 222,006 4,962,656 2,021,680
Total Liabilities and Fund Balances $ 8.950.482 $ 9,505,079 $ 222,006 $ 4,997,843 $ 2,025,133
70
Public Human Totals
Health Services Solid Waste
Fund Fund Fund 1996 1995
E 300 $ 34,423 $ 83.955 $ 15,930.346 $ 12,422,407
0 0 0 6,297,436 9,667,477
0 0 0 20,938 33,200
499,155 251,722 94,881 1,189,645 1,175.474
0 0 0 235,252 221,608
32,494 59,458 64,687 471,228 690.028
0 1,260,274 0 1,265.008 627,578
0 0 0 0 75,000
49.222 406.419 0 3.117,624 2,957,247
20 0 0 10,076 9,027
$ 581,191 $ 2.012,296 $ 243,523 $ 28,537,553 $ 27,879,046
$ 96.605 $ 235,790 $ 507 $ 1,541,777 $ 1,192,334
152,496 75,036 227,960 1.390,786 397,916
0 0 5,438 11.327 0
95,880 247,422 0 651,438 668,613
0 0 0 46,911 64,664
12,908 511,095 0 7,342,187 10,870,013
0 0 0 2,070,859 2,476,564
357,889 1,069,343
233,905 13,055,285 15,670,104
4,111 12,030 0 502,470 740.797
20 0 0 10,076 9,026
49.222 0 0 640,346 576,664
0 0 0 0 800,000
0 0 0 0 75,000
0 0 0 3.972,082 3,986,350
0 0 0 4,040,409 750,000
169,949 930,923 9,618 6,316,885 5,271,105
223,302
942,953 9,618
15.482,268 12,208,942
$ 581,191 $ 2.012,296 $ 243.523 $ 28,537,553 $ 27,879.046
71
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, 1996
(With Comparative totals for the fiscal year ended December 31, 1995)
Social Conservation
Public Works Services Trust Contingent Emergency
Fund Fund Fund Fund Fund
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Miscellaneous
Total Revenues
Expenditures:
Public works
Public health and welfare
Culture and recreation
Economic assistance
Other professional services
Capital outlay
Intergovernmental
Total Expenditures
$ 4.860,736 $ 4,154,029 $ 0 $ 1,055.460 $ 1,797,355
131,469 0 0 0 0
6.934.120 24,486.765 357.024 0 0
900,575 0 0 0 0
131,701 0 7,802 0 0
12,958.601 28,640,794
364,826 1,055,460 1,797,355
13,004,304 0 0 0 0
0 27,581,146 0 0 0
0 0 207,343 0 0
0 0 0 0 0
0 0 0 0 0
116,104 90,190 8,810 0 0
559,388 0 0 0 0
13,679,796 27,671,336
Excess of Revenues
Over (Under) Expenditures (721,195)
Other Financing Sources (Uses):
Operating transfers - in
Operating transfers - out
Total Other Financing Sources
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
216,153
969,458 148,673
0 0
1,055,460 1,797,355
0 0 0 0 220,000
0 0 0 (220,000) 0
0 0
(721,195)
Fund Balances at Beginning of Year 5,970,174
0 (220.000) 220,000
969.458 148,673
881,616 73,333
835,460 2,017.355
4.127,196 4,325
Fund Balances at End of Year $ 5,248,979 $ 1,851.074 $ 222,006 $ 4,962,656 $ 2,021,680
72
Public Human Totals
Health Services Solid Waste
Fund Fund Fund 1996 1995
$ 0 $ 0 S 0 $ 11,867,580 $ 7.926,477
214,253 0 0 345,722 247,017
954,312 6.263,936 0 38.996,157 42.604,251
838,278 728,907 864,034 3,331.794 3,020,677
31,341 148,768 0 319,612 364,691
2,038,184 7,141,611
864,034 54,860,865 54,163,113
0 0 0 13.004,304 13,779,780
3,255,683 0 0 30,836.829 30,544,033
0 0 0 207,343 233,484
0 6,770,891 0 6,770,891 7,157,086
0 0 1,059,107 1,059,107 870,734
33,920 176,530 0 425,554 972,086
0 0 0 559,388 522,232
3,289,603 6,947,421 1,059,107 52,863.416 54,079,435
(1,251,419)
194,190 (195,073)
1,997,449 83,678
1,263,019 12,858 0 1,495,877 6,223,864
0 0 0 (220.000) (5,788,354)
1,263,019 12,858
11,600
211,702
0 1,275,877 435,510
207,048 (195,073)
735,905 204.691
3,273,326 519,188
12,208,942 11,689,754
$ 223,302 $ 942,953 $ 9,618 $ 15,482,268 $ 12,208,942
73
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes
Specific ownership taxes
Penalties & interest
Total Taxes
Licenses and Permits:
Moving permits
Intergovernmental:
Mineral leasing
Grazing act
Payment in lieu of taxes
Grants
Motor vehicle registration fees
Highway user tax fund
Total Intergovernmental
Charges for Services:
Charges for services
Miscellaneous:
Earnings on deposits
Special assessments
Other
Gain on sale of assets
Recovery of losses
Total Miscellaneous
$ 2,658,587 $ 2,655,179 $ (3,408) $ 2,610,856
2,350,000 2,199,478 (150,522) 2,680,998
0 6,079 6,079 6,703
5.008,587 4,860,736
200.000 131,469
(147.851) 5.298.557
(68.531) 246.545
45.000 37,905 (7,095) 49,747
29,000 30,289 1,289 29,698
10,000 40.750 30,750 25,248
0 454,719 454,719 509,332
260,000 262,612 2,612 266.528
8.603,476 6,107,845 (2.495.631) 9,164,325
8,947.476 6,934,120
302,000 900,575
(2,013.356) 10.044,878
598,575 419,211
0 20,466 20,466 26,528
0 94,535 94,535 63,978
1,000 15,783 14,783 37,227
0 917 917 0
1,000 0 (1,000) 0
2,000 131,701
129,701 127,733
Total Revenues $ 14,460,063 $ 12,958,601 $ (1,501,462) $ 16,136,924
74
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
EXPENDITURES
Public Works:
Bridge construction
Maintenance of condition
Maintenance support
Trucking division
Mining division
Administration
Other public works
Total Public Works
$ 1,419,362
2,156,197
1,156,250
1,507,739
959,738
405,065
10,419,977
$ 1,329,456
2,142,762
1,109,614
1,524,988
952,691
364,237
5,580,556
18,024.328 13,004.304
89,906 $ 1,275,097
13,435 2,026,819
46,636 982,777
(17,249) 2,361,141
7,047 6,421
40,828 383,304
4,839.421 6,744,221
5.020,024 13.779.780
Intergovernmental:
Grants-in-aid to cities/towns 558,096 559,388 (1.292) 522,232
Capital Outlay:
Special assessment infrastructure 0 105,605 (105,605) 0
Maintenance support 0 0 0 1.118
Administration 11,000 10,499 501 21.774
Total Capital Outlay 11,000 116.104 (105.104) 22.892
Total Expenditures 18.593,424 13,679,796 4,913,628 14,324,904
Other Financing Sources (Uses):
Operating Transfers - In:
Other public works 0 0 0 (150,000)
Total Other Financing Sources 0 0 0 (150,000)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
Fund Balances at Beginning of Year
(4,133.361) (721,195)
5,970,174 5,970,174
3,412,166 1,662,022
0 4,308,154
Fund Balances at End of Year $ 1,836,813 $ 5,248,979 $ 3.412,166 $ 5,970,174
75
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes
Penalties & interest
Total Taxes
Intergovernmental:
Federal grants
Welfare
Total Intergovernmental
Miscellaneous:
Earnings on deposits
Total Miscellaneous
Total Revenues
EXPENDITURES
Public Health and Welfare:
Non -Departmental
Administrative - regular
Administrative - IV -D
Institutional care
Food stamps
Jobs - IV -F
Employment first
General assistance
AFDC
AND - State
Child Welfare
Day care
Medicaid transportation
$ 4,163,484 $ 4,151.755 $ (11,729) $ 408,847
0 2.274 2,274 2,112
4,163,484 4,154,029
(9.455) 410,959
0 0 0 56,834
29,592,721 24,486,765 (5,105,956) 24,675,789
29,592.721 24,486,765 (5.105,956) 24,732,623
0 0 0 722
0 0 0 722
33,756,205 28,640,794 (5,115,411) 25,144.304
0 0 0 (3,028)
5,129,650 5,069,880 59,770 4,402,379
996,100 886,483 109,617 791,971
234,900 204,884 30,016 214,025
9.485,000 7.992.645 1.492.355 8,273,868
328.305 256.440 71.865 253,669
85,000 119,607 (34,607) 131,208
132,000 110,530 21,470 121,529
6.234,500 3,699,638 2,534,862 4,332,113
490,000 418,009 71,991 436,820
3,397,500 3,077,708 319,792 2,843,655
3,500,000 2,564,406 935,594 2,655,473
10,000 5,390 4,610 9,634
76
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
EXPENDITURES (CONTINUED):
Non -contractual case services $ 15.500 $ 33,210 S (17,710) $ 35,402
OAP - A 1,675,500 1,595.362 80,138 1,584,705
Placement alternative care 930.100 878,592 51,508 483,738
Staff development 9,000 2,138 6.862 6,137
Medical examinations 9.100 4,373 4,727 5,997
Administrative - LEAP 49,450 50,173 (723) 55,130
Administrative - LEAP outreach 19,600 2,715 16,885 24,233
LEAP - regular 900,000 524,614 375,386 572,870
LEAP - emergency 15,000 14,264 736 11,847
FEMA 90,000 70,085 19.915 67,822
Total Public Health and Welfare
Capital Outlay:
Administrative - regular
Total Capital Outlay
Total Expenditures
Other Financing Sources (Uses):
Operating Transfers - In:
Non -Departmental
Total Other Financing Sources
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
Fund Balances at Beginning of Year
33,736.205 27.581.146 6.155,059 27.311.197
20,000 90,190
20,000 90,190
33,756,205 27,671,336
0 0
0 0
(70.190) 182,958
(70,190) 182,958
6,084.869 27,494,155
0 3,560,440
0 3,560,440
0 969,458 969,458 1,210,589
881,616 881,616 0 (328,973)
Fund Balances at End of Year $ 881,616 $ 1,851,074 $ 969,458 $ 881.616
77
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
REVENUES
Intergovernmental:
State lottery
Miscellaneous:
Earnings on deposits
Total Revenues
EXPENDITURES
Culture and Recreation:
Land improvements
Capital Outlay:
Land improvements
Total Expenditures
Excess of Revenues Over
(Under) Expenditures
Fund Balances at Beginning of Year
Fund Balances at End of Year
$ 331,000 $ 357,024 $ 26,024 $ 317,834
1,500 7,802 6,302 2
332,500 364,826 32,326 317,836
302,343 207,343 95.000 233.484
30,157 8,810 21,347 93,678
332,500 216,153 116,347 327,162
0 148,673 148,673 (9,326)
73,333 73,333 0 82,659
73,333 $ 222,006 $ 148,673 $ 73,333
7R
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes
Penalties & interest
Total Revenues
EXPENDITURES
Other Financing Sources (Uses):
Operating Transfers - Out:
Other
Total Other Financing (Uses)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
Fund Balances at Beginning of Year
$ 1,053,094 $ 1,052,981 E (113) $ 1,012,570
0 2,479 2,479 2,702
1,053,094 1,055,460
2,366 1,015,272
43,094 0 43,094 0
(1.150.000) (220.000)
(1,150,000) (220,000)
(140,000) 835,460
4,127,196 4,127,196
930.000 (1.758.862)
930,000 (1,758,862)
975,460 (743,590)
0 4,870,786
Fund Balances at End of Year $ 3.987,196 $ 4,962,656 $ 975,460 $ 4,127,196
79
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
REVENUES
Taxes:
General property taxes
Penalties & interest
Total Revenues
EXPENDITURES
Other Financing Sources (Uses):
Operating Transfers - In:
Non -Departmental
1996 1996
1996 1995
Budget Actual Variance Actual
$ 1,800,000 $ 1,793,599 $ (6.401) $ 1.199.301
0 3,756 3,756 2.388
1.800,000 1,797,355 (2,645) 1,201,689
50,000 0 50.000 0
0 220,000 220.000 1,700,000
Operating Transfers - Out:
Other (1,750,000)
Total Other Financing Sources (Uses) (1,750,000)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
Fund Balances at Beginning of Year
Fund Balances at End of Year
0 1,750,000 (3,879,492)
220,000
1,970,000 (2,179.492)
0 2,017,355 2,017,355 (977,803)
4,325 4.325
0 982,128
S 4.325 $ 2,021.680 $ 2,017,355 S 4.325
80
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. 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
REVENUES
licenses and Permits:
Health licenses
Intergovernmental:
State grants
Charges for Services:
Charges for services
Vital statistics
Protective inspection fees
Clinic fees
Total Charges for Services
Miscellaneous:
Miscellaneous
Other
Donations
Total Miscellaneous
Total Revenues
EXPENDITURES
Public Health and Welfare:
Public health administration
Health Education
Nursing
Environmental health
Total Public Health and Welfare
Capital Outlay:
Administration
Health Education
Nursing
Environmental health
Total Capital Outlay
Total Expenditures
Other Financing Sources (Uses):
Operating Transfers - In:
Non -Departmental
Total Other Financing Sources
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
Fund Balances at Beginning of Year
Fund Balances at End of Year
$ 211,900
214,253 $ 2,353 E 472
1,653,993 954,312
172,199
94,325
475,858
523.561
48.143
101.492
469,189
219.454
1.265,943 838,278
(699,681) 1,103,458
(124,056)
7,167
(6.669)
(304,107)
54,006
83,838
624,411
261.670
(427,665) 1,023,925
0 1,045 1,045 3
0 7.121 7,121 0
18.150 23.175 5,025 6,251
18,150 31,341
3.149.986 2.038,184
233,725
429,643
3,445,759
1,158,736
91,830
367,370
1,795,583
1,000,900
5,267.863 3.255,683
13,191 6,254
(1.111.802) 2,134,109
141,895
62,273
1,650,176
157,836
43.492
274,052
1,971,366
943,926
2.012,180 3,232,836
25,600 19,534 6.066 61,090
3.395 1,501 1,894 0
13,000 7,158 5,842 9,389
10.000 5,727 4,273 13,327
51.995 33,920
5.319.858 3,289,603
1.895,658 1,263,019
1,895.658 1,263,019
(274.214) 11,600
18.075 83.806
2,030,255 3,316,642
(632,639) 951,073
(632,639) 951,073
285,814 (231,460)
211,702 211,702 0 443.162
$ (62,512) $ 223,302 $ 285,814 $ 211.702
Si
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
REVENUES
Intergovernmental:
Federal grants
State grants
Total Intergovernmental
Charges for Services
Charges for services
Miscellaneous:
Donations from private sources
Other revenue
Welfare diversion
Sale of assets
Total Miscellaneous
Total Revenues
EXPENDITURES
Economic Assistance:
JTPA performance incentive
Family support
Unemployment insurance profile
JTPA older workers
One stop
JTPA IIA
JTPA IIB
JTPA IIC
EDWAA 10% displaced worker
Health services
LEAP
Older worker EDWAA
Job service
Summer job hunt
Employment first
U.I. training program
Jobs/New directions program
State - pre-school
Head start
Migrant head start
CSBG
Supplemental foods
FTA
DOE weatherization
MA elder abuse
Single entry point
OAA area agency
OAA title III -B
MA case management
MA ombudsman
$ 6,080,046 $ 5,574,944 $ (505,102) $ 5,567,321
806,500 688,992
6,886,546 6,263,936
460,000 728,907
(117,508) 838,137
(622,610) 6,405,458
268,907 676,445
104.000 125.554 21,554 124.491
99.000 6.994 (92,006) 1.575
0 0 0 87.211
0 16,220 16,220 16,703
203,000 148,768
7,549,546 7,141,611
(54,232) 229,980
(407,935) 7,311,883
27,838 20,247 7,591 61,623
91.000 99.599 (8.599) 0
0 4.407 (4,407) 0
60,000 30,726 29,274 40,023
0 245 (245) 0
272,828 219,088 53,740 46.341
5,000 146,044 (141,044) 252,980
114,037 47,100 66,937 220,207
171,207 114,567 56,640 207,156
45,500 10,686 34,814 0
10.000 305 9,695 0
3.200 3,171 29 0
198,287 210,870 (12,583) 181,177
10,000 10,000 0 10,000
106,000 130.765 (24,765) 104.598
210,000 90,080 119,920 44,072
128,000 157,657 (29,657) 133.781
220,000 237,110 (17,110) 266,925
1,725,000 1,647,638 77,362 1,672,224
1,576,000 1,351,384 224,616 1,302,029
160,000 155,916 4,084 139,161
1,050,000 934,574 115,426 946,287
30,000 39,400 (9,400) 38,989
23,500 14,007 9.493 13,050
3.500 2,196 1.304 3,439
190.000 249,960 (59.960) 206,528
46.500 45.155 1.345 47,614
140,000 136.037 3.963 126,252
15,000 1,764 13,236 3,189
1,500 1,472 28 0
82
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
EXPENDITURES (CONTINUED):
OAA title III C -I congregate
OAA title III -C2
OAA in home support
Human resources general fund
Transportation
Human resources lab pool
Total Economic Assistance
$ 305,000 $ 291,097 S 13,903 S 293,757
73,000 75,079 (2,079) 69,939
5,000 6,766 (1,766) 1,175
300,000 (142.074) 442,074 316,453
0 310,278 (310,278) 303.846
130,000 117,575 12,425 104,271
7,446,897 6.770.891
676,006 7,157,086
Capital Outlay:
JTPA EDWAA 0 0 0 19,252
Employment First 0 0 0 19,250
Unemployment insurance profile 10,000 5,594 4,406 0
Migrant head start 0 152,968 (152,968) 23,593
Supplemental foods 0 0 0 2,466
FTA 0 11.919 (11.919) 13,760
Human resources general fund 90.000 6.049 83,951 0
Transportation 0 0 0 173,474
HRD Lab Pool 15,000 0 15.000 17,040
Total Capital Outlay 115.000 176,530 (61,530) 268,835
Total Expenditures
Other Financing Sources (Uses):
Operating Transfers - In:
OAA area agency
Human resources general fund
Total Other Financing Sources
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
Fund Balances at Beginning of Year
7,561,897 6,947,421
614,476 7,425,921
12,351 12,351 0 12.351
0 507 507 0
12,351 12,858
507 12.351
0 207,048 207,048 (101,687)
735,905 735,905
0 837,592
Fund Balances at End of Year $ 735,905 $ 942,953 $ 207,048 $ 735,905
83
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
REVENUES
Charges for Services:
Landfill surcharge
Total Revenues
EXPENDITURES
Miscellaneous:
Solid waste
Code enforcement
Total Miscellaneous
Capital Outlay:
Code enforcement
Total Expenditures
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
Fund Balances at Beginning of Year
Fund Balances at End of Year
$ 880,000 $ 864,034 $ (15,966) $ 901,096
880,000 864,034
1,080,000 1,058,003
(15,966) 901,096
21,997 804,217
0 1,104 (1,104) 66.517
1,080,000 1,059,107
0 0
1,080,000 1,059,107
(200.000) (195,073)
204.691 204,691
20,893 870,734
0 319,917
20,893 1,190,651
4,927 (289,555)
0 494,246
E 4,691 $ 9,618 $ 4,927 $ 204,691
84
CAPITAL PROJECTS
FUND
Capital Projects Funds are established to account for financial resources used for the
acquistion or improvement of the capital facilities of the County.
COUNT OF WELD
STATE OF COLORADO
CAPITAL PROJECTS FUND
EXPLANATION OF INDIVIDUAL FUND
December 31, 1996
Capital Expenditures Fund:
This fund accounts for various capital improvement projects on County property.
85
COUNTY OF WELD
STATE OF COLORADO
Capital Projects Fund
Capital Expenditures Fund
Comparative Balance Sheets
December 31. 1996 and 1995
1996 1995
ASSETS
Assets:
Cash and short-term investments
Receivables
(net of allowance for uncollectibles):
Current property taxes
Delinquent property taxes
Accounts
Due from other County funds
$ 1.936,928 $ 3,885,774
3,226,000 1,473,093
11,299 12.934
1 48,121
0 4,813
Total Assets $ 5,174,228 $ 5,424,735
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable
Due to other County funds
Deferred revenue
Total Liabilities
Fund Balance:
Reserved for encumbrances
Reserved for contingent liability
Unreserved:
Undesi gnated
Total Fund Balance
$ 1,150.363 $ 44,997
700.000 99,653
3,237.299 1,487,199
5,087,662 1,631,849
3,639,437 1,700
0 3,700,000
(3,552,871) 91,186
86,566 3,792,886
Total Liabilities and Fund Balance $ 5,174,228 $ 5,424.735
86
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
REVENUES
Taxes:
General property taxes
Penalties & interest
Total Taxes
Miscellaneous:
Earnings on deposits
Miscellaneous
Total Miscellaneous
Total Revenues
EXPENDITURES
Capital Outlay:
Buildings
Total Expenditures
Other Financing Sources (Uses):
Operating Transfers In:
Non -Departmental
$ 1,474,265 $ 1,478,382 S 4,117 $ 3,922.732
0 3,688 3,688 7,935
1,474,265 1,482,070
235,000 212,671
7,805 3,930,667
(22,329) 101,202
0 470 470 785
235,000 213.141
1,709,265 1,695,211
9,109,497 5,401,531
9,109,497 5,401,531
3,600,000
Total Other Financing Sources 3,600,000
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
Fund Balance at Beginning of Year
(21,859) 101,987
(14,054) 4,032.654
3,707,966 543,549
3,707,966 543,549
0 (3,600,000)
0 (3,600,000)
(3,800,232) (3,706,320)
66,551
66,551
93,912 3,555,656
3.792.886 3.792,886 0 237.230
Fund Balance at End of Year $ (7,346) $ 86,566 $ 93,912 $ 3,792,886
87
fro
COLORADO
88
ENTERPRISE
FUND
Enterprise Funds are used to account for operations that are financed and operated in a
manner similar to private business enterprises - where the intent of the governing body is that the
costs of providing goods or services to the general public on a continuing basis be financed or
recovered primarily through user charges.
COUNTY OF WELD
STATE OF COLORADO
ENTERPRISE FUND
EXPLANATION OF INDIVIDUAL FUND
December 31, 1996
Ambulance Fund:
This fund accounts for the ambulance services provided to Weld County.
89
COUNTY OF WELD
STATE OF COLORADO
Enterprise Fund
Ambulance Fund
Comparative Balance Sheets
December 31, 1996 and 1995
1996 1995
ASSETS
Current Assets:
Cash and short-term investments
Receivables
(net of allowance for uncollectibles):
Accounts - ambulance services
Due from other County funds
Other assets
Total Current Assets
Fixed Assets:
Land
Improvements other than buildings
Buildings
Machinery and equipment
Accumulated depreciation
Total Fixed Assets
83,868 $ 0
790,138 407,893
0 588
0 174
874,006 408,655
48,496
21,461
648,234
809,187
(401,382)
48,496
21.461
648,234
719,975
(378,847)
1,125.996 1,059,319
Total Assets $ 2,000,002 $ 1,467,974
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts payable
Due to other County funds
Accrued liabilities
Total Current Liabilities
Fund Equity:
Contributed capital
Retained earnings
Total Fund Equity
$ 10,513 $ 20,954
10,588 40,952
123,397 137,993
144,498 199,899
107.523 118,716
1.747,981 1,149.359
1,855,504 1,268.075
Total Liabilities and Fund Equity $ 2,000,002 $ 1,467,974
90
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, 1996
(With Comparative actual for the fiscal year ended December 31. 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
Operating Revenues:
Rescue unit fees
Total Operating Revenues
Operating Expenses:
Bad debt expense
Personnel services
Supplies
Purchased services
Depreciation
Other
Capital outlay
Total Operating Expenses
Operating Income (Loss)
Nonoperati ng Revenues:
State grants
Earnings on deposits
Donations
Other
Sale of assets
$ 2.921,300 $ 3,079.363 E 158,063 $ 3,091,130
2,921,300 3.079,363
158.063 3.091,130
510.214 569,848 (59,634) 1,062,863
1,472,400 1,267,912 204,488 1,295,608
145,407 121,988 23,419 185,677
270,300 281,083 (10,783) 247,005
160.000 159.227 773 153,826
220,786 166,911 53,875 215,552
0 0 0 7,320
2,779,107 2,566,969 212,138 3,167,851
142,193 512,394
370,201 (76,721)
12,400 76,439 64,039 12,391
0 0 0 22,008
0 1,008 1,008 7,320
0 7,820 7,820 42,744
0 961 961 14,000
Total Nonoperating Revenues 12,400 86,228 73.828 98,463
Net Income (Loss) 154.593 598,622 444,029 21,742
Retained Earnings at Beginning of Year 1,149,359 1,149,359 0 1,127,617
Retained Earnings at End of Year $ 1,303,952 $ 1,747,981 $ 444,029 $ 1,149,359
91
92
INTERNAL SERVICE
FUNDS
ft
Internal Service Funds are established to account for goods and services provided to
other departments of the County on a cost -reimbursement basis.
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.
COUNTY OF WELD
STATE OF COLORADO
INTERNAL SERVICE FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1996
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.
Insurance Fund:
This fund accounts for all insurance costs for the County, except health insurance. The program
is a combination of insured risks and protected self-insurance risks.
Phone Services Fund:
This fund accounts for all phone costs provided to the County and other outside agencies on a
cost -reimbursement basis.
Weld Finance Corporation:
This fund acquires real estate and constructs buildings for the use of County departments.
93
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Combining Balance Sheet
December 31. 1996
(With comparative totals for December 31, 1995)
Motor Health Printing &
Vehicle Insurance Supply
Fund Fund Fund
ASSETS
Current Assets:
Cash and short-term investments
Receivables
(net of allowance for uncollectibles):
Current property taxes
Delinquent property taxes
Accounts
Due from other County funds
Inventories
Other assets
$ 566.496 $ 110.116 $ 0
0 0 0
0 0 0
(10,377) 0 737
0 0 176,321
17,629 0 120,646
0 0 3,750
Total Current Assets 573,748
Fixed Assets:
Land
Improvements other than buildings
Buildings
Machinery and equipment
Accumulated depreciation
110,116 301,454
1,336.667 0 0
230,354 0 0
2,838.524 0 0
14,916,260 0 16,956
(9,428,425) 0 (12,412)
Total Fixed Assets 9,893,380
Total Assets
LIABILITES AND FUND EQUITY
Current Liabilities:
Accounts payable
Due to other County funds
Accrued liabilities
Deferred revenue
Current portion of long term debt
0 4,544
$ 10,467,128 $ 110,116 $ 305,998
$ 242,495 $ 0 $ 16,641
1,024 0 169,598
1,465 0 4,351
0 0 0
0 0 0
Total Current Liabilities 244,984
Long-term Liabilities:
Certificates of participation 0
Total Long-term Liabilities 0
Total Liabilities $ 244,984
Fund Equity:
Contributed capital
Unreserved retained earnings
7,813,828
2,408,316
Total Fund Equity 10,222,144
0 190,590
0 0
0 0
0 $ 190,590
0 120,946
110,116 (5.538)
110.116 115,408
Total Liabilities and Fund Equity $ 10,467,128 $ 110,116 $ 305,998
94
Phone Weld Totals
Insurance Services Finance
Fund Fund Corporation 1996 1995
$ 867,688 $ 182,227 $ 228,752 $ 1.955,279 $ 1,816,696
550,000 0 0 550,000 549,563
2,004 0 0 2,004 2.945
12,740 23.764 0 26,864 97,512
4,499 83,994 0 264,814 208,386
0 0 0 138,275 124,107
152,131 0 0 155,881 72,820
1,589,062
289.985 228,752
3,093.117 2,872,029
0 0 0 1.336.667 1.336,667
0 0 0 230.354 231,354
0 0 1,978,946 4.817,470 4,764,287
0 563.049 0 15,496,265 14,780,395
0 (479,583) (649,915) (10,570,335) (9,590,194)
0
83,466 1,329,031 11,310,421 11,522,509
$ 1,589,062 $ 373.451 $ 1.557.783 $ 14,403,538 $ 14,394.538
$ 12.707 $ 22,328 $ 0 $ 294,171 $ 106,455
52,338 192.153 0 415.113 27.100
320,375 14,935 0 341,126 585.368
552,004 0 0 552,004 552,945
0 0 186,757 186,757 176,757
937,424 229,416 186,757 1,789,171 1,448,625
0
0
0 1,396,621 1,396,621 1,583,377
0 1,396,621 1,396,621 1,583,377
937,424 $ 229,416 $ 1,583,378 $ 3,185,792 $ 3,032,002
0 130,947 0 8,065,721 7,991,332
651,638 13,088 (25,595) 3,152,025 3,371,204
651,638 144.035 (25,595) 11,217,746 11,362,536
$ 1,589.062 $ 373,451 $ 1,557,783 $ 14,403,538 $ 14,394,538
95
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. 1996
(With Comparative totals for the fiscal year ended December 31, 1995)
Motor Health Printing &
Vehicle Insurance Supply
Fund Fund Fund
Operating Revenues:
Contributions
Rental income
Charges for services
$ 0 $ 214,875 $ 0
0 0 0
3.324,724 0 157,291
Total Operating Revenues 3.324.724
Operating Expenses:
Personnel services
Supplies
Purchased services
Insurance and bonds
Depreciation
Other
Claims
214,875 157,291
(1.120) 0 52.452
528,827 0 35,104
1,442,814 0 67,989
0 63,404 0
1,401,638 0 1,616
31,851 0 0
0 157.278 0
Total Operating Expenses 3.404,010
Operating Income (Loss) (79,286)
Nonoperating Revenues (Expenses):
Taxes
Miscellaneous
Fees
Gain on disposition of assets
Judgements and damages
Interest
220,682 157,161
(5,807) 130
0 0 0
653 0 0
0 1,327 0
70,266 0 0
0 0 0
0 0 0
Total Nonoperating Revenues (Expenses) 70.919
Income (Loss) Before Operating Transfers (8,367)
Operating Transfers:
Operating transfers - in 0
Total Operating Transfers In (Out) 0
Net Income (Loss) (8,367)
Retained Earnings (Deficit) at Beginning of Year 2,416,683
1.327 0
(4,480) 130
0 0
0 0
(4,480) 130
114,596 (5,668)
Retained Earnings (Deficit) at End of Year $ 2,408,316 $ 110,116 $ (5.538)
96
Phone Weld Totals
Insurance Services Finance
Fund Fund Corporation 1996 1995
E 0 $ 0 $ 0 $ 214,875 $ 161,926
0 0 268,001 268,001 287,194
202,843 691,825 0 4,376,683 4,646,557
202,843
691,825 268,001
4,859.559 5,095,677
300 110,108 0 161,740 190,898
788 8,281 0 573,000 519,910
3,996 452,186 0 1,966,985 2,269,662
(48,593) 0 0 14,811 157,631
0 71,297 69.208 1,543,759 1,604,457
506,241 48,595 432 587,119 148,141
759,121 0 0 916,399 666,831
1,221,853 690,467 69,640 5,763,813 5,557,530
(1,019.010)
1,358 198,361
(904,254) (461,853)
550,225 0 0 550,225 549,578
63,788 0 12,119 76.560 92,236
0 0 0 1,327 1.579
0 400 0 70.666 376,304
97,957 0 0 97,957 48,338
0 0 (111.660) (111.660) (125,130)
711,970 400 (99,541) 685,075 942,905
(307,040) 1,758 98,820 (219,179) 481,052
0 0 0 0 150,000
0 0 0 0 150,000
(307,040) 1,758 98,820 (219,179) 631,052
958,678 11,330 (124.415) 3,371,204 2,740,152
$ 651,638 $ 13,088 $ (25,595) $ 3,152,025 $ 3.371,204
97
COUNTY OF WELD
STATE OF COLORADO
Internal Service Funds
Combining Statement of Cash Flows
For the Year Ended December 31. 1996
(With Comparative amounts for the fiscal year ended December 31, 1995)
Motor Health Printing
Vehicle Insurance and Supply
Fund Fund Fund
CASH FLOWS FROM OPERATING ACTIVITIES:
Operating income (loss)
130
Adjustments to reconcile operating
income (loss) to net cash provided by
operating activities:
Depreciation 1.401,638 0 1,616
Miscellaneous Revenue 653 1,327 0
Change in assets and liabilities:
(Increase) decrease in accounts receivable 71,320 6.354 2.731
(Increase) decrease in inventory (4,315) 0 (9.853)
(Increase) decrease in other assets 203,903 20 (180,071)
Increase (decrease) in accounts payable 152,297 (2,848) 15,814
Increase (decrease) in accrued liabilities (1,119) 0 892
Increase (decrease) in other liabilities 990 (5.626) 162 070
Total adjustments 1 825 367 (773) (6.801)
Net cash provided by (used for)
operating activities 1 746 081 (6 580) (6 671)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Taxes 0 0 0
Operating transfers -net 0 0 0
Net cash provided by (used for) noncapital
financing activities 0 0 0
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES:
Interest paid on borrowings 0 0 0
Proceeds from sale of assets 89.640 0 0
Acquisition of capital assets (1,271,030) 0 (2,386)
Principal paid on long-term debt 0 0 0
Net cash used for capital
and related financing activities (1.181 390) 0 (2 386)
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest on investments 0 0 0
Net Increase (Decrease) in Cash and Cash Equivalents 564,691 (6.580) (9.057)
Cash and Cash Equivalents at Beginning of Year 1 805 116 696 9 057
Cash and Cash Equivalents at End of Year $ 566 496 $ 110,116 8 0
98
Insurance
Fund
$ (1 019.010)
Phone Weld
Services Finance Totals
Fund Corporation 1996 1995
1.358 S 198.361 $ (904.254) 8 (461 853)
0 71,297 65.965 1,540,516 1,604,457
161,745 0 0 163.725 129,489
7.842 (16,683) 0 71.564 (27,676)
0 0 0 (14,168) (7.660)
(82,860) (84,405) 0 (143.413) (45,923)
12,540 10.065 (150) 187,718 (211.644)
(244,434) 420 0 (244,241) 14.980
37.502 195 648 (176 756) 213 828 (39.334)
(107.665) 176,342 (110.941) 1,775.529 1,416 689
(1 126.675) 177 700 87 420 871 275 954.836
550,225 0 0 550,225 549.578
0 0 0 0 150 000
550 225 0 0 550 225 699 578
0 0 (111,660) (111.660) (112.467)
0 400 0 90.040 442,110
0 0 0 (1.273.416) (2.341.931)
0 0 0 0 (166 757)
0 400 (111.660) (1.295 036) (2.179,045)
0 0 12,119 12.119 0
(576.450) 178,100 (12.121) 138,583 (524,631)
1.444 138 4 127 240 873 1 816.696 2 341.327
$ 867.688 $ 182 227 $ 228 752 $ 1 955 279 $ 1.816,696
99
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
Operating Revenues:
Charges for services
Miscellaneous
Total Operating Revenues
Operating Expenses:
Personnel services
Supplies
Purchased services
Depreciation
Other
Total Operating Expenses
$ 2,381,070 $ 2,590.787 $ 209.717 $ 3,480,425
1,032,810 733,937 (298.873) 7.323
3,413,880 3,324,724
(89,156) 3,487,748
0 (1,120) 1,120 40,150
415,750 528.827 (113,077) 379.640
1.514,160 1,442,814 71.346 1,723.484
1.432,810 1.401,638 31.172 1,318,542
51,160 31,851 19.309 51,160
3,413.880 3,404.010 9,870 3,512.976
Operating Income (Loss) 0 (79,286) (79,286) (25,228)
Nonoperating Revenues:
Miscellaneous 0 653 653 653
Gain on disposition of assets 120,000 70,266 (49,734) 376,304
Total Nonoperating Revenues 120,000
70.919 (49,081) 376,957
Income (Loss) Before Operating Transfers 120,000 (8,367) (128,367) 351,729
Operating transfers - in 0 0 0 150,000
Net Income (Loss) 120,000 (8,367) (128,367) 501,729
Retained Earnings at Beginning of Year 2,416,683 2,416,683 0 1.914,954
Retained Earnings at End of Year $ 2,536,683 $ 2,408.316 $ (128.367) $ 2.416.683
100
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
Operating Revenues:
Contributions
Operating Expenses:
Purchased services
Insurance and bonds
Claims
Total Operating Expenses
Operating Income (Loss)
Nonoperati ng Revenues:
Cobra revenue
Total Nonoperating Revenues
Net Income (Loss)
Retained Earnings at Beginning of Year
Retained Earnings at End of Year
193,264 $ 214,875 $ 21,611 $ 161,926
2,500 0 2,500 2,742
70,000 63,404 6,596 0
120,764 157,278 (36,514) 139,238
193,264 220.682 (27,418) 141,980
0 (5,807) (5.807) 19,946
0 1,327 1,327
0 1,327 1,327
0 (4,480) (4.480)
114,596 114,596 0
1,579
1,579
21,525
93,071
$ 114,596 S 110,116 $ (4.480) $ 114,596
101
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, 1996
(With Comparative actual for the fiscal year ended December 31. 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
Operating Revenues:
Charges for services
Sale of supplies
Miscellaneous
$ 201,726 S 122,739 $ (78,987) $ 135,283
117,072 13,598 (103,474) 133,855
18,000 20,954 2,954 53,000
Total Operating Revenues 336,798
Operating Expenses:
Personnel services
Supplies
Purchased services
Depreciation
Other
Total Operating Expenses
Net Income (Loss)
Retained Earnings (Deficit) at
Beginning of Year
157.291 (179.507)
322,138
46,672 52.452 (5.780) 47,719
124,700 35,104 89,596 134.476
85,367 67,989 17,378 54,125
1,179 1,616 (437) 1,178
81,200 0 81,200 66,915
339,118 157,161
181,957 304,413
(2,320) 130 2,450 17,725
(5.668) (5.668)
0 (23.393)
Retained Earnings (Deficit) at End of Year $ (7.988) $ (5.538) $ 2.450 $ (5.668)
102
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
Operating Revenues:
Charges for services
Operating Expenses:
Supplies
Purchased services
Insurance and bonds
Other
Claims
Total Operating Expenses
Operating Income (Loss)
$ 204,613 $ 202.843 E (1.770) S 200,039
5,000 788 4,212 343
34.500 4.296 30,204 9,021
284,000 (48,593) 332,593 157,631
500 506,241 (505,741) 488
500,000 759,121 (259,121) 527,593
824,000 1,221,853 (397,853) 695,076
(619,387) (1,019,010) (399,623) (495,037)
Nonoperating Revenues:
General property taxes 550.000 548,974 (1,026) 548,218
Penalties & interest 0 1,251 1,251 1,360
Compensation for loss 19.387 97,957 78,570 48,338
Earnings on deposits 50,000 63,788 13,788 78,920
Total Nonoperating Revenues 619,387 711,970 92,583 676,836
Net Income (Loss) 0 (307,040) (307,040) 181,799
Retained Earnings at Beginning of Year 958,678 958,678 0 776,879
Retained Earnings at End of Year $ 958,678 $ 651.638 $ (307,040) E 958,678
103
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, 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
Operating Revenues:
Charges for services
Miscellaneous
Total Operating Revenues
Operating Expenses:
Personnel services
Supplies
Purchased services
Depreciation
Other
Total Operating Expenses
Operating Income (Loss)
Nonoperati ng Revenues:
Gain on disposition of assets
Net Income (Loss)
Retained Earnings at Beginning of Year
$ 725,671 $ 691,825 $ (33,846) $ 636,619
0 0 0 12
725,671 691,825
(33,846) 636,631
110,413 110,108 305 103,029
5,300 8,281 (2,981) 5,451
489,633 452,186 37,447 480,290
71,730 71,297 433 90,087
48,595 48,595 0 29,578
725,671 690,467
35,204 708,435
0 1,358 1.358 (71.804)
0 400
400 0
0 1,758 1,758 (71,804)
11,330 11,330 0 83,134
Retained Earnings at End of Year $ 11,330
104
13,088 $ 1,758
11,330
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. 1996
(With Comparative actual for the fiscal year ended December 31, 1995)
1996 1996 1996 1995
Budget Actual Variance Actual
Operating Revenues:
Rental income $ 315,660 $ 268,001 $ (47,659) $ 287,194
Total Operating Revenues 315.660 268,001 (47,659) 287,194
Operating Expenses:
Depreciation
Other
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues/Expenses:
Interest income
Interest expense
Total Nonoperating Revenues
Net Income (Loss)
Retained Earnings (Deficit) at
Beginning of Year
194,650 69,208
125,442 194,650
0 432 (432) 0
194,650 69,640
121,010 198,361
125,010 194,650
77.351 92,544
0 12,119 12,119 12,663
(121,010) (111,660) 9,350 (125,130)
(121,010) (99,541)
21,469 (112,467)
0 98,820 98,820 (19,923)
(124.415) (124.415)
0 (104,492)
Retained Earnings (Deficit) at End of Year f (124,415) $ (25,595) $ 98,820 $ (124,415)
105
106
COUNTY OF WELD
STATE OF COLORADO
TRUST AND AGENCY FUNDS
EXPLANATIONS OF INDIVIDUAL FUNDS
December 31, 1996
Pension Trust Fund:
Weld County Retirement Fund:
The Weld County Retirement Fund accounts for the defined benefit retirement pension
plan which covers substantially all permanent, full-time employees of Weld County.
Expendable Trust Funds:
North Colorado Medical Center Trust Fund:
This fund accounts for the revenue and related capital expenditures as required by the
North Colorado Medical Center Board of Trustees, an autonomous board responsible for
administering the operations of the hospital.
Employee Flexible Spending Fund:
This fund accounts for Weld County's Section 125, voluntary tax sheltered plan, which
the County administers directly. Employee contributions to the plan are refunded upon
submission of documentation for unreimbursed claims.
Nonexpendable Trust Funds:
Waste Services Trust Fund:
This fund accounts for the interception and disposal of household hazardous waste to
encourage recycling and proper handling of hazardous waste.
Agency Funds:
General Agency Fund:
This fund accounts for all monies collected (principally tax collections) by the Weld
County Treasurer for various other local governmental units within the County.
Payroll Agency Fund:
This fund accounts for the accumulation of County payrolls and related withholdings.
Disbursements are made to the appropriate financial institutions through the payroll
direct deposit system and the various vendors for the withholdings.
Deferred Compensation Fund:
This fund accounts for, and invests, the accumulation of voluntary employee contributions.
Pursuant to Internal Revenue Code Section 457, the funds are the property of Weld County
until such time as the employee terminates or otherwise qualifies for payment through the
plan guidelines.
Emergency Telephone Service:
This fund accounts for the E-911 function in the County which services all emergency
agencies of the County.
107
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Combining Balance Sheet
December 31, 1996
(With comparative totals for December 31. 1995)
Expendable Trust Funds
Nonexpendable
Trust Funds
Pension Trust
North Colorado Employee Weld County
Medical Center Flexible Waste Retirement
Trust Spending Service Plan
Assets
Cash and short-term investments $ 0 $ 0 S 36,621 $ 0
Accounts Receivables
(net of allowance for uncollectibles) 474 7.840 49 274
Due from other County funds 0 126,621 0 0
Due from other agencies 0 0 0 0
Restricted Assets
Cash 0 0 0 998,120
Retirement plan investments 0 0 0 54,307,408
Deferred compensation plan investments 0 0 0 0
Total Assets
Liabilities and Fund Equity
Accounts payable
Due to other County funds
Due to other governments
Payable from restricted assets
Deferred compensation payable
Total Liabilities
Fund Balances:
Reserved for employee benefits
Unreserved
Total Fund Balances
$ 474 $ 134,461 $ 36,670 $ 55,305,802
0 $ 285 E 34,053 S 97,080
0 134,176 0 0
0 0 0 0
0 0 0 0
0 134,461 34,053 97,080
0 0
0 42,547.960
474 0 2,617 12,660,762
474 0
2,617 55,208,722
Total Liabilities and Fund Equity $ 474 $ 134,461 S 36,670 $ 55,305,802
] 08
Agency Funds
Totals
Emergency
General Payroll Deferred Telephone
Agency Agency Compensation Service 1996 1995
$ 3,264,360 $ 196,734 $ 0 $ 1,226,917 $ 4,724,632 $ 4,793,307
9.637 0 0 37,555 55,829 302,699
0 0 0 0 126,621 15,155
5,024 0 0 0 5,024 0
0 0 0 0 998,120 206,817
0 0 0 0 54,307,408 43,296,185
0 0 2,326,058 0 2,326,058 2,026,765
$ 3,279,021 S 196.734 $ 2.326,058 $ 1,264,472 $ 62,543,692 $ 50,640,928
$ 33,127 $ 196,734 $ 0 $ 17,841 $ 379,120 $ 827,020
0 0 0 0 134,176 75,682
3,245,894 0 0 1,246,631 4,492,525 3,926,803
0 0 2,326,058 0 2,326,058 2.026,765
3,279,021 196,734 2,326,058 1,264,472 7,331,879 6,856,270
0
0
0
0 0 0 42,547,960 38,919,122
0 0 0 12,663,853 4,865,536
0 0 0 55,211,813 43,784,658
$ 3,279,021 S 196,734 $ 2,326,058 $ 1.264,472 $ 62,543,692 $ 50.640,928
109
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Pension Trust Fund
Statement of Changes in Plan Net Assets
For the year ended December 31. 1996
Weld County Retirement Plan
1996
Additions:
Contributions
Earnings on investments
Net appreciation in fair market
value of investments
$ 2,930,702
3,869,043
2,001.487
Total Additions 8,801.232
Deductions:
Actuarial/trustee fees
Benefit payments
Supplies
328,798
2,366,659
10,000
Total Deductions 2.705,457
Increase in net assets 6,095.775
Net assets held in trust for pension benefits
Beginning of the year
Cumulative effect on prior year of a
change in method of accounting for
investments
43,679,808
5,433,139
Restated beginning of the year 49,112,947
End of the year $ 55,208,722
110
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
All Expendable Trust Funds
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances
For the year ended December 31, 1996
(With comparative totals for December 31, 1995)
North Colorado Employee Totals
Medical Center Flexible
Trust Spending 1996 1995
Revenues:
Taxes
Penalties & interest
Earning on investments
Contributions
Total Revenues
Expenditures:
Reimbursements
Claims
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Fund Balances at Beginning of Year
Fund Balances at End of Year
$
0 $ 0 $ 0 $ 28
0 0 0 44
5.424 0 5.424 10,692
0 188,460 188,460 249.271
5,424 188.460
193,884 260,035
0 188,460 188,460 307,212
108,636 0 108,636 75,245
108.636 188.460
(103,212)
297,096 382,457
0 (103,212) (122,422)
103.686 0 103,686 226,108
474 $ 0 $ 474 $ 103,686
111
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Nonexpendable Trust Fund
Comparative Statement of Revenues. Expenses and
Changes in Fund Balance
For the years ended December 31, 1996 and 1995
Waste Services
1996 1995
REVENUES
Earnings on deposits
Net Income
Fund Balance at Beginning of Year
Fund Balance at End of Year
112
1,452 $ 582
1,452 582
1,165 583
E 2,617
1,165
COUNTY OF WELD
STATE OF COLORADO
Trust and Agency Funds
Combining Statement of Changes in Assets and Liabilities
All Agency Funds
For the year ended December 31, 1996
Balance Balance
01/01/96 Additions Deductions 12/31/96
GENERAL AGENCY FUND
Assets:
Cash
Accounts receivable
Due from other governments
$ 3,362,861 $ 228,294,797 $ 228.393,298 $ 3,264,360
714 81,901 72.978 9.637
0 5.024 0 5.024
Total Assets $ 3,363,575 $ 228,381,722 $ 228,466,276 $ 3,279,021
Liabilities:
Accounts payable
Due to other governments
$ 382,015 $ 73,083 $ 421,971 $ 33,127
2,981.560 228,308,639 228,044,305 3,245,894
Total Liabilities $ 3.363,575 $ 228,381,722 $ 228,466,276 $ 3,279,021
PAYROLL AGENCY FUND
Assets:
Cash
Accounts receivable
Due from other County funds
Total Assets
Liabilities:
Accounts payable
Due to other County funds
Total Liabilities
DEFERRED COMPENSATION FUND
Assets:
Investments
Liabilities:
Deferred compensation payable
EMERGENCY TELEPHONE SERVICE
Assets:
Cash
Account receivable
314,842 $ 31,419,735 $ 31,537,843 $ 196,734
3,365 4,041 7.406 0
14,909 0 14,909 0
$ 333,116 $ 31,423,776 $ 31,560,158 $ 196,734
$ 332,413 $ 31.423,776 $ 31,559.455 $ 196.734
703 0 703 0
E 333,116 $ 31,423,776 $ 31,560,158 $ 196,734
$ 2,026,765 $ 401,319 $ 102,026 $ 2,326,058
$ 2,026,765 $ 401,319 $ 102,026 $ 2.326,058
910.016 $ 450,432 $ 133.531 $ 1,226.917
35,227 450.432 448,104 37,555
Total Assets $ 945,243 $ 900,864 $ 581,635 $ 1,264,472
Liabilities:
Accounts payable
Due to other governments
Total Liabilities
TOTAL ' ALL AGENCY FUNDS
Assets:
Cash
Investments
Accounts receivable
Due from other County funds
E 0 $
945,243
17,841 $
883,023
0 $ 17,841
581,635 1,246,631
$ 945,243 $ 900.864 $ 581,635 $ 1,264,472
$ 4.587.719 $ 260,164,964 $ 260,064,672 $ 4,688.011
2.026.765 401,319 102,026 2,326,058
39,306 536,374 528,488 47,192
14,909 5,024 14,909 5,024
Total Assets $ 6,668,699 $ 261,107,681 $ 260,710,095 $ 7,066,285
Liabilities:
Accounts payable
Due to other County funds
Due to other governments
Deferred compensation payable
$ 714,428 $ 31,514,700 $ 31,981,426 $ 247.702
703 0 703 0
3,926,803 229,191,662 228,625,940 4,492,525
2,026,765 401,319 102,026 2,326,058
Total Liabilities $ 6.668,699 $ 261.107.681 $ 260,710,095 $ 7,066,285
114
WhAt
COLORADO
114
GENERAL FIXED ASSETS
ACCOUNT GROUP
Investment in property and equipment, except for those of the Proprietary Funds, are
recorded in the account group.
COUNTY OF WELD
STATE OF COLORADO
General Fixed Assests Account Group
Schedule of General Fixed Assets by Function and Activity
December 31, 1996
With Comparative Totals as of December 31, 1995
GENERAL FIXED ASSETS:
Land
Buildings
Improvements other than buildings
Leasehold Improvements
Machinery and Equipment
Construction in Progress
TOTAL ASSETS
INVESTMENTS IN GENERAL FIXED ASSETS BY SOURCE:
General Fund
Special Revenue Funds
Capital Projects Fund
Donations
TOTAL INVESTMENTS IN GENERAL FIXED ASSETS
1996
8 2.561,998
24.035,732
2,797,206
29,596
7,325,540
5 114 717
1995
8 3,880,118
25,018 962
1.483.256
0
8.449.150
803 381
841,864 789 839 634.867
8 5,514,960
1,667,201
34.555.228
127,400
8 5,811,460
1.665.721
32,057.551
100,135
841,864,789 839,634,867
115
COUNTY OF WELD
STATE OF COLORADO
General Fixed Assests
Schedule of General Fixed Assets
By Function and Activity
For the Year ended December 31, 1996
General
Fixed Assets
01/01/96
Reclass
General
Fixed Assets
Additions Deletions 12/31/96
GENERAL GOVERNMENT:
Office of the Board $ 15,919 $ 0 $ 950 $ 0 $ 16.869
County Attorney 6.867 0 0 0 6,867
Clerk to the Board 25,861 0 0 0 25,861
County Clerk 344.505 (655) 23,257 97,089 270,018
Elections 19.179 0 0 0 19.179
Treasurer 21,705 (575) 0 0 21.130
Assessor 44,068 575 0 0 44.643
County Council 1.207 0 0 604 603
District Attorney 80,125 7,720 1,618 15.089 74.374
Finance 3,727 0 0 0 3.727
Accounting 10,453 (1,487) 0 0 8.966
Purchasing 5.252 (1) 0 0 5.251
Personnel 5.234 2.638 0 0 7.872
Planning 5,931 0 1.163 0 7,094
Buildings and Grounds 72,851 6,663 1,639 0 81,153
Data Processing 0 2,165,571 213,247 409.459 1,969.359
Capital Improvements 28,862,342 (2.585,939) 42,220 2,028.027 24,290,596
Printing and Supply 0 130,453 0 33.000 97.453
TOTAL GENERAL GOVERNMENT
29 525 226 (275.037) 284,094
2.583.268 26,951.015
PUBLIC SAFETY:
Sheriff Administration 391.660 306.631 5.371.556 2.891 6,066,956
Task Force 61.092 0 0 61.092 0
Communications 2,399.488 8,651 87,933 0 2,496,072
Ambulance 1.473 0 0 0 1,473
County Coroner 5.060 0 0 0 5,060
Community Corrections 0 4.090 0 879 3,211
Building Inspection 621 0 0 0 621
Emergency Management 45,379 0 0 0 45 379
TOTAL PUBLIC SAFETY 2 904.773 319 372 5 459 489 64.862 8 618.772
PUBLIC WORKS:
Roads and Bridges
HEALTH AND WELFARE:
Health
Public Welfare
TOTAL HEALTH AND WELFARE
ECONOMIC ASSISTANCE:
Housing
Human Services
TOTAL ECONOMIC ASSISTANCE
91,211 656 1,790 630 93,027
570.535 (137,587) 1,900 2.902 431,946
1.165 495 0 98,261 0 1.263.756
1,736 030 (137.587) 100.161 2 902 1.695.702
11,775 0 0 1,768 10.007
1.750 944 91.277 359.615 129.670 2,072,166
1,762.719 91.277 359,615 131,438 2,082.173
AUXILLARY SERVICES:
Missile Park 176.819 1.486 1.700 0 180,005
Library 2,314,053 (1.375) 0 1,210.164 1.102.514
Extension Services 1,123,289 0 16,337 0 1.139.626
Fleet Maintenance 0 1.208 0 0 1,208
Veterans Administration 747 0 0 0 747
TOTAL AUXILLARY SERVICES 3.614 908 1 319 18 037 1 210 164 2.424 100
TOTAL GENERAL FIXED ASSETS $ 39.634.867
0 $ 6 223 186 $ 3 993 264 $ 41 864 789
116
COUNTY OF WELD
STATE OF COLORADO
General Fixed Assests
Schedule of General Fixed Assets by Function and Activity
December 31. 1996
With Comparative Totals as of December 31, 1995
Land Leasehold Equipment & Construction Memorandum Totals
Land Improvements Buildings Improvements Furniture In Progress 1996 1995
GENERAL GOVERNMENT:
Office of the Board $ 0 $ 0 $ 0 $ 0 $ 16.869 $ 0 $ 16,869 $ 15,919
County Attorney 0 0 0 0 6,867 0 6,867 6,867
Clerk to the Board 0 0 0 0 25,861 0 25,861 25.861
County Clerk 0 0 0 0 270.018 0 270,018 344,505
Elections 0 0 0 0 19,179 0 19,179 19,179
Treasurer 0 0 0 0 21,130 0 21.130 21.705
Assessor 0 0 0 0 44,643 0 44,643 44,068
County Council 0 0 0 0 603 0 603 1,207
District Attorney 0 0 0 0 74,374 0 74,374 80.125
Finance 0 0 0 0 3,727 0 3,727 3,727
Accounting 0 0 0 0 8,966 0 8,966 10,453
Purchasing 0 0 0 0 5,251 0 5.251 5,252
Personnel 0 0 0 0 7,872 0 7,872 5,234
Planning 0 0 0 0 7.094 0 7,094 5.931
Buildings and Grounds 0 0 0 0 81,153 0 81,153 72,851
Data Processing 0 0 0 0 1,969,359 0 1,969,359 • 0
Capital Improvements 2,171,789 1,935,962 20.153,249 29,596 0 0 24,290,596 28,862,342
Printing and Supply 0 0 0 0 97.453 0 97,453 0
TOTAL GENERAL GOVERNMENT
2,171,789 1.935 962
20,153,249
29,596 2,660,419 0 26,951 015 29,525 226
PUBLIC SAFETY:
Sheriff Administration 0 532,696 0 0 419,543 5,114,717 6.066.956 391,660
Task Force 0 0 0 0 0 0 0 61.092
Communications 0 0 0 0 2,496,072 0 2,496,072 2.399,488
Ambulance 0 0 0 0 1,473 0 1,473 1,473
County Coroner 0 0 0 0 5.060 0 5,060 5,060
Community Corrections 0 0 0 0 3.211 0 3,211 0
Building Inspection 0 0 0 0 621 0 621 621
Emergency Management 0 0 0 0 45,379 0 45,379 45,379
TOTAL PUBLIC SAFETY 0 532.696 0 0 2 971 359 5 114 717 8 618,772 2 904,773
PUBLIC WORKS:
Roads and Bridges 0 11 544 0 0 81 483 0 93 027 91 211
HEALTH AND WELFARE:
Health 162,070 15,068 0 0 254,808 0 431,946 570,535
Public Welfare 170.318 18 068 780.492 0 294,878 0 1,263,756 1 165.495
TOTAL HEALTH AND WELFARE 332,388 33,136 780,492 0 549 686 0 1 695 702 1,736 030
ECONOMIC ASSISTANCE:
Housing 0 0 0 0 10,007 0 10,007 11,775
Human Services 38,414 46,016 984,865 0 1,002,871 0 2.072,166 1 750,944
TOTAL ECONOMIC ASSISTANCE 38,414 46,016 984,865 0 1,012,878 0 2,082,173 1 762,719
AUXILLARY SERVICES:
Missile Park 0 139,762 38,757 0 1,486 0 180,005 176.819
Library 19,207 7,020 1,076,287 0 0 0 1.102,514 2,314.053
Extension Services 200 91,070 1,002,082 0 46,274 0 1,139.626 1.123,289
Fleet Maintenance 0 0 0 0 1,208 0 1,208 0
Veterans Administration 0 0 0 0 747 0 747 747
TOTAL AUXILLARY SERVICES 19,407 237,852 2.117,126 0 49,715 0 2 424,100 3,614 908
TOTAL GENERAL FIXED ASSETS $ 2 561,998 $ 2,797,206 $ 24 035,732 $ 29 596 $ 7.325,540 $ 5,114.717 $ 41.864,789 $ 39,634.867
117
118
LONG-TERM DEBT
ACCOUNT GROUP
Sick and vacation accrual and long term lease liabilities for Governmental Fund types are
recorded in this account group.
COUNTY OF WELD
STATE OF COLORADO
General Long-term Debt Account Group
Comparative Schedules of Long -Term Debt
December 31, 1996 and 1995
1996 1995
Amounts to be Provided for Retirement
Of General Long -Term Debt $ 1.308,558 $ 1.531,698
Liabilities:
Vacation and sick -leave accrual
Obligation on long-term lease
1,096,757 1.119.282
211.801 412.416
Total General Long -Term Debt $ 1.308,558 $ 1.531.698
119
COLORADO
120
STATISTICAL
SECTION
COUNTY OF WELD
STATE OF COLORADO
Tables Relating to Bonded Debt
(Unaudited)
December 31, 1996
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
121
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
1987 $ 6.819,165 $ 6,924,599 $ 9,876,346 $ 14,789.034
1988 7,251.985 7,869,950 8,292,283 20,156,719
1989 7,244,820 8,607,683 10,371,933 20,693,130
1990 8,112,753 9,749,362 11,147,191 23,641,401
1991 8,780,727 10,804,861 11,412,048 26,818,985
1992 8,847,501 11,321,926 11,949,424 28,960,473
1993 9,199.983 12,336,867 12,406,610 30,368,869
1994 10,893,512 12,489,605 13,294,864 33,011,044
1995 10,531,128 13,049,186 14,416,805 30,821,871
1996 11,947,972 14.259,702 13,775,102 31,956,371
General Revenue by Source
(Unaudited)
Last Ten Years
Licenses
Year Taxes and Permits
Intergovernmental
Revenue
1987 $ 18,846,835 $ 613,026 $ 20,789,309
1988 19.614,179 575,744 27,359,869
1989 21,192,869 608,224 29,296,166
1990 22,300.072 597,294 34,488,199
1991 23,867,746 647.634 37.805,169
1992 24,932,140 840,856 41,496.436
1993 25,235,991 1,129,829 44,711,568
1994 26,840,523 1,199,797 45,422,933
1995 28,435,809 863,912 45,856,735
1996 31,314,756 1,007,454 43,123,799
177
Auxiliary Capital Debt Intergovernmental Total
Services* Outlay Service Expenditures Miscellaneous Expenditures
$ 4.735,582 $ 1,637,272 $ 200,263 $ 594,982 $ 3,550,550 $ 49,127,793
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
9.107,996 2,432,039 199.944 809,896 1,338.387 74,967,586
9,224,480 1,919,586 330,808 667,306 1,936,382 78,390,891
9,545.878 5,014,581 286,824 678,046 1,998,877 87,213,231
7,808.805 3.594,277 154.507 522.232 2,222.975 83,121,787
7,063.068 6,077,087 107,963 559,388 2,330,382 88,077,035
*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
$ 1,149,717 $ 76,465 $ 5,915,868 $ 1,711,894 $ 49,103,114
1,632,229 35,469 5.552,233 1,693,026 56,462,749
1.952.168 66,635 4,977,219 1,896,373 59,989,654
2,102,201 66,941 4,502,642 2,221,264 66,278.613
1,975,095 56,652 4,121,565 2,473,394 70.947,255
2,369,687 34,275 3,439,064 2,490,443 75,602,901
3,740.366 36,407 3,458,153 2,724,831 81,037,145
5,257,168 30,910 3,311,596 2,908,934 84,971,861
4,686.742 28,983 2,888,955 2,888,954 86,679,200
4,938,012 24,345 2,762,387 2,762,388 87,084,408
General revenue includes revenue of General, Special Revenue, Capital Projects
and Expendable Trust Funds.
123
COUNTY OF WELD
STATE OF COLORADO
Property Value, Construction, Bank Deposits
and Other Economic Indicators
(Unaudited)
Last Ten Years
Value of Crop
Property Value 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)
1987 5.281.10 2,131 36.70 676.30 1,503.80 997.490
1988 5,777.30 1.836 30.20 693.30 1,649.80 1.169,869
1989 5,771.60 1.999 33.00 753.70 1,711.10 1.212,402
1990 5,572.70 1,670 32.50 756.90 1.744.90 1,317,190
1991 6,273.90 1,923 42.00 905.10 2,282.00 *
1992 6,191.50 2,020 42.00 839.00 1,555.00 *
1993 7,176.40 2,348 57.30 * 1,789.50 *
1994 7.390.40 2,002 62.95 * 2,005.00 1,180,670
1995 7,930.17 1,416 40.57 * 2,007.00 1,186,666
1996 7.607.03 1,422 54.16 1.089.322.00 2,271.43 *
* 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.
124
COUNTY OF WELD
STATE OF COLORADO
Property Tax Levies and Collections
(Unaudited)
Last Ten Years
Total
Total Current Percent Delinquent Total Outstanding
Levy Collection Original Tax Tax of Levy Tax Tax Delinquent
Year Year Levy Collections Collected Collections Collections Taxes
1997 1997 $ 18,005,273 $ 17,756,037 $ 98.62 $ 296,802 $ 18,052,839 $ 439,749
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 61,419 20.215.339 420.669
1990 1990 21,336,977 21,037,446 98.60 87,901 21,125,347 862,040
1991 1991 22,459,831 22,228,600 98.97 311,671 22,540,271 886,342
1992 1992 23,752,395 23,608,438 99.39 104,726 23,713.164 968.201
1993 1993 23,773,780 23.653.525 99.49 60,584 23.714,109 978.926
1994 1994 24,920,742 24.793,121 99.49 65,403 24,858,524 905,474
1995 1995 27,473.515 27,308,264 99.40 64,220 27,372,484 781,720
1996 1996 29,618,111 29,460,936 99.47 121,172 29,582,108 457,518
COUNTY OF WELD
STATE OF COLORADO
Assessed and Estimated Actual Value of Property
(Unaudited)
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
1987 $ 899,649,790 $ 4,998,054,388 $ 82,078,810 $ 283,030,379 $ 981,728,600 $ 5,281,084,767
1988 876,322.790 5,477,017,437 87,082,300 300,283,793 963,405,090 5,777.301,230
1989 815,536,790 5,436,911,933 97,066,530 334,712,172 912,603,320 5,771,624,105
1990 807,052,260 5,627,979.497 99,979,210 344,755,897 907,031,470 5,972.735,394
1991 845,519.470 5,896,230.613 109,525,160 377,672,966 955,044,630 6,273,903,579
1992 820.834,330 5,724,088,773 135,566,770 467,471,621 956,401,100 6.191,560,394
1993 859,726.540 6,685,276,361 142,446,590 491.195,138 1,002,173,130 7,176,471,499
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
(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.
125
COUNTY OF WELD
STATE OF COLORADO
Property Tax Levies - Direct and Overlapping Governments
(Unaudited)
Last Ten Years
Levy Collection School
Year Year Cities Districts
Tax Levies
County
Junior
College
Other
1987 1987 571.2700 953.48 19.9700 5.2000 203.2000
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
Tax Revenues
1987 1987 $ 4,744,921 $ 52,125.601 $ 18,103,186 $ 4,232,066 $ 6.196,320
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
The basis for the property tax rates is per $1,000 assessed valuation.
126
COUNTY OF WELD
STATE OF COLORADO
Special Assessment Collections
(Unaudited)
Last Ten Years
Year
Current Current Ratio of Total
Assessments Assessments Collections Outstanding
Due Collected To Amount Due Assessments
1987 (1) $ 111,543 $ 111,543 $ 100 $ 827,272
1988 (2) 132,170 132,170 100 864,373
1989 (3) 143,626 143,626 100 914,708
1990 (4) 194,773 194,773 100 794,535
1991 (5) 188,602 188,602 100 742.081
1992 (6) 521,076 521.076 100 628,605
1993 (7) 352,260 352,260 100 679,639
1994 (8) 205,442 205,442 100 465,649
1995 (8) 243,621 243,621 100 222,028
1996 (9) 92,291 92,291 100 235,343
Notes
(1) Indianhead Special Assessment of $7,056
(2) Northmoor Special Assessment of $94,272.
(3) Antelope Hills Special Assessment 2 of $16,000. Casa Grande/Enchanted Hills
Special Assessment of $150,473. Knaus Special Assessment of $27,488.
(4) 71st Avenue Special Assessment of $74,600.
(5) Basswood Special Assessment of $11, 508. Eighty-third Avenue Special
Assessment of $124,640.
(6) 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.
(7) Weld County Road 8 Special Assessment of $114,000. Road 38 $53,035. Johnson
Subdivision $48,236. and Arrowhead Subdivision $171.294.
(8) No new special assessments.
(9) Roth Subdivision $86,456. Delwood Special Assessment $19,150.
127
COUNTY OF WELD
STATE OF COLORADO
Computation of Legal Debt Margin
(Unaudited)
December 31, 1996
Assessed Value. 1996
Debt Limit 3 Percent of Assessed Value
Amount of Debt Applicable to Limit:
Total Bonded Debt
Installment Purchase Agreements
Total Amount of Debt Applicable to
Debt Limit
Legal Debt Margin
E 0
$ 0
$1,329,840,857
39.895,226
0
$ 39 895.226
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.
128
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
1987 131,900 ** 1,568,502,000
1988 145,312 ** 1.810.807.000
1989 131,600 ** 1,943,331,000
1990 131,821 30.50 2,095,000,000
1991 133,400 ** 2,204,000,000
1992 137,621 ** 2,359,000,000
1993 141,492 ** 2,489,000,000
1994 140,320 ** 2,489,000,000
1995 ** 32.00 **
1996 149,332 32.30 3,022,000,000
Source: Greeley/Weld Economic Development Office (EDAP)
* Actual not available - Information is estimated
** Information is not available
129
11,896
13,296
14,230
15,874
15,592
17,094
17,779
17,468
18.232
19,934
36,296
40,524
41,693
** **
** **
** **
2.70 47,566
** **
** **
** **
2.68 54,551
2.68 56,207
2.68 56,849
COUNTY OF WELD
STATE OF COLORADO
Principal Taxpayers
(Unaudited)
December 31, 1996
Eastman Kodak Company
Public Service of Colorado
Thermo Cogeneration
US West Communications Incorporated
R.R. Donnelley Norwest Incorporated
McLane Western Incorporated
Macerich Greeley Association
Metal Containers Corporation
Golden Aluminum Company
Monfort Packing/Conagra
1996
Assessed
Valuation
$ 68,984.090
44,782.500
33.657,400
16.860,800
6.633,410
5.126.390
5,107.340
4.968.460
4.957.290
4 938 990
$ 196 016 670
130
Percent
Of Total
Assessed
Valuation
5.19%
3.37%
2.53%
1.27%
.50%
.39%
.38%
.37%
.37%
37%
14 74%
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics
(Unaudited)
December 31, 1996
1. Date of Incorporation:
2. Form of Government:
3. Date Present Charter Adopted:
4. Area - Square Miles:
5. County Seat:
6. Employees as of December 31. 1996:
7. Miles of Roads:
8. Building Permits:
9. Motor Vehicle Registration:
10, Special Districts within County:
11. Cities and Towns:
12. Recreation:
111
1861
Home Rule Charter
January 1. 1976
4,004 square miles
City of Greeley
Elected Officials - 16
Department Heads - 13
Employees with Benefits - 817
Employees without Benefits - 301
Paved - 699.21
Unpaved - 2587.91
Unmaintained - 267.40
No. of
Year Permits Valuation
1987 2.131 8 36.787.917
1988 1,836 $ 30,195.777
1989 1,999 8 33,060,864
1990 1,670 8 32.463,224
1991 1.923 8 32,565,285
1992 2,020 $ 42.051.597
1993 2,348 $ 57,367,465
1994 2,236 $ 62,952,384
1995 1.614 8 45.372.470
1996 1,728 $ 54.160,061
1987 140.445
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
30 - Cities and Towns
17 - Schools
23 - Fire
19 - Water & Other
2 - Colleges
13 - Sanitation
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
Golf Courses - 6
City and Regional Parks
Island Grove Recreational Complex
Greeley Recreation Center
COUNTY OF WELD
STATE OF COLORADO
Miscellaneous Statistics - Continued
(Unaudited)
December 31. 1996
13. Libraries:
14. Elections:
1980 Genera Election
1982 Genera Election
1984 Genera Election
1986 Genera Election
1988 Genera Election
1990 Genera Election
1992 Genera Election
1993 Genera Election
1994 Genera Election
1995 Genera Election
1996 Genera Election
Ault Town Library
Eaton Library
Fort Lupton Library
Glen A. Jones Library
Hudson Library
Platteville Library
University of No. CO
Weld Library District
Windsor Public Library
11,886 Volumes
9,398 Volumes
23,153 Volumes
14.746 Volumes
4.314 Volumes
15.831 Volumes
982.053 Volumes
208.999 Volumes
31.456 Volumes
Number of Number Percent of
Registered of Votes Registered
Voters Cast Voters Voting
51,107 44,134 86.3
51.476 36,301 70.5
56,311 47.632 84.6
62,725 38,488 61.1
70.325 50,209 71.4
68.148 37,927 55.6
68,079 55,041 80.8
64,161 25.044 39.0
69,887 41.075 58.8
67,572 21,882 32.4
78,700 55,313 70.3
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
16. Sales Tax as of December 31, 1996:
Source: Weld County offices.
Individual Libraries
132
Radio Stations: KFKA/KVVS
KGRE/KHNC
KUAD AM & FM
KUNC FM
Television: Receives commercial and public
television originating from both
Denver and Cheyenne stations:
also cable television.
State - 3%
COUNTY OF WELD
STATE OF COLORADO
Insurance In Force
(Unaudited)
December 31, 1996
Name of Company Policy Number
National Union
Fire Insurance Co. 415-5237
Travelers Ins.
Company
Policy Period
Begins Expires
Details of
Coverage
01/01/96 12/31/96 Excess Worker's
Compensation
07/01/96 06/30/97
M53660920d5922TIL95
St. Paul Fire and Marine
Insurance Company 0P09100133
(Colorado
Counties
Casualty &
Property Pool)
St. Paul Fire and Marine
Insurance CO. 0P09100144
(Colorado
Counties
Casualty &
Property Pool)
07/01/96 06/30/97 Property Damage.
Automobile
Liabilities
General Liability,
Public Officials
Liability, Crime
(Property Only)
133
Liability Limits
Employer's Liability
$1,000,000/Accident
Workers Compensation
Statutory Limits with
County Retaining First
$300.000 each claim
850,000.000/Accident
$5.000 Retained by Pool
Property: $50,000,000/
Occurance/8500 Deductible
All Liability: $250,000/
Person: 8600.000/Claim
Excess Liability: (Federal
and Out -of -State Only)
$1,750,000/Person Excess
$250,000: 8600,000/Claim
Excess 8400,000
Crime: $150,000/Loss
$500 Deductible
Property Claim
County retaining first
$125,000 each claim
Annual
Premiums
$ 39.534
$ 215.753
COUNTY OF WELD
STATE OF COLORADO
Salaries of Principal Officials
(Unaudited)
December 31,1996
ELECTED OFFICIALS:
APPOINTED:
Commissioners
Clerk & Recorder
Treasurer
Assessor
Sheriff
District Attorney
County Coroner
County Attorney
Director of Planning
Director of Finance and Administration
Director of General Services/Purchasing/Personnel
Director of Ambulance Services
County Engineer
Director of Social Services
Director of Health Department
Director of Human Services
Comptroller
Public Works Operations Manager
$ 38,000
$ 43.000
$ 43.000
4 43.000
$ 48.000
$ 76.000
f 35,000
$ 86.241
$ 55.160
4 114,444
$ 83,073
S 64,894
$ 66.516
$ 71,260
$ 65.850
$ 71,633
$ 69,865
S 66,516
Surety Bond Coverage for Principal Officials
(Unaudited)
District Attorney
Commissioner
Treasurer
Sheriff
Assessor
Coroner
County Clerk
County Clerk (Titles & Deeds)
Director of Finance and Administration
December 31. 1996
$ 5,000
$ 25.000
$ 250,000
$ 20,000
S 6,000
$ 25.000
$ 25,000
$ 5,000
S 100,000
Note: All bonds are issued by the St. Paul Insurance Company and are on file with the Weld County
Clerk and Recorder.
134
COUNTY OF WELD
STATE OF COLORADO
Private Purpose Revenue Bonds
(Unaudited)
December 31, 1996
INDUSTRIAL REVENUE BONDS;
DEBT REVENUE BONDS
TYPE OF ISSUE OUTSTANDING OUTSTANDING
ISSUER FACILITY AMOUNT DATE BEGINNING YR. ISSUED RETIRED END OF YR.
Monfort Inc. 54.100.000 1/92 $ 4,100,000.00 $ 0.00 b 0.00 $ 4,100,000.00
Waste Service Corp. Landfill 860.000 2/91 760.000.00 0.00 25.000.00 735.000.00
Waste Service Corp. Landfill 2,500,000 2/91 2.250.000.00 0.00 65.000.00 2.185.000.00
Platte River Steel CO. Manufacturing 2,000.000 5/82 1,405,000.00 0.00 1,405,000.00 0.00
Weld Mental Health Office 650,000 6/84 310,000.00 0.00 50,000.00 260,000.00
Evangelical Lutheran Nursing Home 775.000 10/93 540.750.44 0.00 125.726.41 415.024.03
Greeley Center for
Independence. Inc. Therapeutic Ctr 1,350,000 08/96 0.00 1.350.000.00 0.00 1 350,000.00
TOTAL PRIVATE PURPOSE REVENUE BONDS $ 9 365,750.44 $1350 000,00 $1 670,726.41 $ 9.045.024.03
135
COUNTY OF WELD
STATE OF COLORADO
Retirement Plan
Required Supplementary Information
(Unaudited)
Analysis of Funding Progress
Beginning Net Assets Assets in Excess
of Net Assets Pension In Excess Of PBO as a
Fiscal Available Benefit Percent Of Pension Annual Covered Percentage of
Year For Benefits Obligation Funded Obligation Payroll Covered Payroll
1987 $ 20,121,008 $ 15,836,511 $ 127.05 $ 4,284,497 $ 13,962,091 $ 30.69
1988 20,329,032 18,163,945 111.92 2,165,087 14,490,067 14.94
1989 22,477,627 20,213.686 111.20 2,263,941 14,901,100 15.19
1990 26,072,114 22,253.521 117.16 3,818,593 15.996.924 23.87
1991 27,977,533 25,506,910 109.69 2,470,623 17,142,831 14.41
1992 29,768,093 29,636,684 100.44 131,409 19,714,540 0.67
1993 32,385,065 31,450,580 102.97 934,484 19,782,876 4.72
1994* 36,714,885 34.245,051 107.21 2,469,834 19,174,757 12.88
1995** 40,263,983 38,919,122 103.46 1,344,861 20,467,113 6.57
1996*** 46,080,745 42,547,960 108.30 3,532,785 21,494,270 16.44
* As of January 1, 1994, plan benefit provisions and actuarial assumptions were amended. The changes had the
effect of decreasing the pension benefit obligation by $893,964.
** As of January 1, 1995, plan benefit provisions and actuarial assumptions were amended. The amendments had the
effect of increasing the pension benefit obligation by $2,428,210.
*** As of January 1, 1996 Net Assets available for Benefits is stated at market value.
Revenues by Source
For the Employer Contribution
Fiscal as a Percentage Employee Employer Investment
Year of Payroll Contributions Contributions Income
Total
1987 6.008 $ 837,729 $ 837,637 $ 1,844,038 $ 3,519,394
1988 6.00 869,404 869,404 1,697,180 3,435,988
1989 6.00 894,015 894,117 3,235,513 5,023,645
1990 6.00 960,439 960,439 1,424,273 3,345,151
1991 6.00 1,034.264 1,032,318 1,313.859 3,380,441
1992 6.00 1,183,845 1,183,845 2,081,605 4,449.295
1993 6.00 1,187.829 1,187,829 3,925.287 6,300,945
1994 6.00 1.155,595 1,155,595 3,249,468 5,560,658
1995 6.00 1,230,027 1,230,027 3,338,789 5.798,843
1996 6.00 1,465,351 1,465,351 11,303,669 14,234,371
For the
Fiscal
Year
Benefits
Expenses by Type
Administrative
Expenses
1987 $ 602,568 $ 108,459
1988 756,332 174.261
1989 864,493 138.057
1990 965.072 163,166
1991 1,108.835 190,230
1992 1.263.671 195.374
1993 1,349.790 174.543
1994 1.506.573 172.398
1995 1.732.730 162.262
1996 2,366,659 338.798
136
Refunds Total
230,810 $ 941.837
356.800 1.287,393
426.608 1,429,158
311.494 1.439,732
290,815 1,589,880
373.280 1.832,325
446,793 1,971,126
332.589 2,011,560
488,027 2,383,019
0 2.705,457
COUNTY OF WELD
STATE OF COLORADO
Computation of Overlapping Bonded Debt
General Obligation Bonds
December 31, 1996
Jurisdiction
Cities & Towns
Schools
Special Districts
Total Overlapping
Net General
Obligation
Bonded Debt
Outstanding
$ 46,509,247
229,760.865
19,843.378
Percentage
Applicable to
Government
68.57%
68.73%
69.18%
Amount
Applicable to
Government
$ 14.617.114
157.930.958
13,728,467
$ 296.113 490 $ 186 276 539
137
'Me
COLORADO
138
COMPLIANCE
SECTION
Hunt, Spillman & Associates, p.c.
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON SCHEDULE
OF FEDERAL FINANCIAL ASSISTANCE
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the general purpose financial statements of the
County of Weld, Colorado, as of and for the year ended December 31,
1996, and have issued our report thereon dated June 13, 1997.
These general purpose financial statements are the responsibility
of the County's management. Our responsibility is to express an
opinion on these general purpose financial statements based on our
audit.
We conducted our audit in accordance with generally accepted
auditing standards, Government Auditing Standards, issued by the
Comptroller General of the United States, and the provisions of
Office of Management and Budget (OMB) Circular A-128, Audits of
State and Local Governments. Those standards and OMB Circular A-
128 require that we plan and perform the audit to obtain reasonable
assurance about whether the general purpose financial statements
are free of material misstatement. An audit includes examining, on
a test basis, evidence supporting the amounts and disclosures in
the general purpose financial statements. An audit also includes
assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
Our audit was conducted for the purpose of forming an opinion on
the general purpose financial statements of the County of weld,
Colorado, taken as a whole. The accompanying Schedule of Federal
Financial Assistance is presented for the purposes of additional
analysis and is not a required part of the general purpose
financial statements. The information in that schedule has been
subjected to the auditing procedures applied in the audit of the
general purpose financial statements and, in our opinion, is fairly
presented in all material respects in relation to the general
purpose financial statements taken as a whole.
Fort Collins, Colorado
June 13, 1997
139
WELD COUNTY
84-6000813
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
FOR THE YEAR ENDED DECEMBER 31, 1996
Federal Granting Agency/Recipient State Agency Federal
Grant Program CFDA # Expenditures
DEPARTMENT OF AGRICULTURE:
Direct Payment
Bankhead Jones Act
Pass Through Payment from the State of Colorado
Department of Social Services:
Food Stamps *
Child & Adult Care Food Program
State Administrative Matching Grants
for Food Stamp Program
Commodity Supplemental Food Program *
Food Distribution (Cash in lieu of commodities)
Total Department of Agriculture
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
Direct Payments:
Section 8 Rental Voucher Program *
Section 8 Rental Certificate Program*
Pass Though Payments from the State Department of
Housing and Urban Development:
Preservation of Affordable Housing
Home Investment in Affordable Housing
Pass Through Payment from the State of Colorado
Department of Social Services:
Emergency Shelter Grants Program
Emergency Shelter Grants Program
Total Department of Housing and Urban Development
DEPARTMENT OF THE JUSTICE:
Pass Through Payments from the State Division of
Criminal Justice:
Juvenile Justice & Delinquency Prevention -
Allocation to State
Crime Victim Assistance
Crime Victim Compensation
Total Department of Justice
140
N/A $29,675
10.551 8,023,285
10.558 151,488
10.561 306,039
10.565
10.550
1,033,181
61,312
9,604,980
14.855 1,145,115
14.857 708,336
14.187 39,401
14.239 82,633
14.231 46,885
93.034 7,607
2,029,977
16.540 $67,216
16.575
16.576
6,641
43,924
117,781
WELD COUNTY
84-6000813
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
FOR THE YEAR ENDED DECEMBER 31, 1996
Federal Granting Agency/Recipient State Agency Federal
Grant Program CFDA # Expenditures
DEPARTMENT OF LABOR:
Pass Through Payments from the Colorado Department
of Labor:
Employment Service
Summer Job Hunt
Pass Through Payments from the State of Colorado
Governor's Job Training Office:
Employment & Training Assistance -
Dislocated Workers
Unemployment Profile
Job Training Partnership Act
Total Department of Labor
DEPARTMENT OF TRANSPORTATION:
Pass Through from the Colorado Department of Highways:
Federal Transit Capital & Operating
Assistance Formula Grants - Section 18
Total Department of Transportation
ENVIRONMENTAL PROTECTION AGENCY:
Direct Payments:
Air Pollution Control Program Support
Total Environmental Protection Agency
FEDERAL EMERGENCY MANAGEMENT AGENCY:
Direct Payments:
Federal Emergency Management Food & Shelter Program
Total Federal Emergency Management Agency
DEPARTMENT OF HEALTH AND HUMAN SERVICES:
Direct Payments:
Head Start *
Pass Through Payment from the State of Colorado
Department of Social Services
Special Programs for the Aging - Title III,
Part A - Administration
Special Programs for the Aging - Title III,
Part B - Grants for Supportive Services & Senior Centers
Special Programs for the Aging - Title III,
Part C - Nutrition Services
Special Programs for the Aging - Title III,
Part D - In Home Services for Frail Older Individuals
Special Programs for the Aging - Title III
Part G - Prevention of Abuse, Neglect & Exploitation of
Older Individuals
141
17.207
N/A
210,555
10,000
17.246 117,738
17.255
17.250
10,000
461,424
809,717
20.507 39,400
39,400
66.001 17,384
17,384
83.523 18,000
18,000
93.600 $2,992,427
93.044 32,804
93.044 135,552
93.045 180,164
93.046 6,765
93.041 2,196
WELD COUNTY
84-6000813
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
FOR THE YEAR ENDED DECEMBER 31, 1996
Federal Granting Agency/Recipient State Agency Federal
Grant Program CFDA # Expenditures
Special Programs for the Aging - Title III
Part A - Long-term Care Ombudsman Services
for Older Individuals
Special Programs for the Aging - Title III
Part F - Preventive Health Services
At Risk Child Care
Family Support Payments to States -
Assistance Payments *
Job Opportunities & Basic Skills Training
Child Support Enforcement *
Low Income Home Energy Assistance *
Payments to States for Child Care Assistance *
Child Welfare Services - State Grants
Title IV -E, Foster Care*
Adoption Assistance
Social Services Block Grant *
Medical Assistance Program (Title XIX, Medicaid)
93.042 1,472
93.043 10,686
93.574 287,396
93.560 3,184,192
93.561 366,603
93.563 931,907
93.568 589,081
93.575 684,645
93.645 88,899
93.658 691,502
93.659 122,479
93.667 1,750,253
93.778 251,804
Pass Through from the Department of Local Affairs:
Community Services Block Grant 93.031
Community Development Block Grants - EDAP N/A
Community Development Block Grants - Southgate N/A
Community Development Block Grants - Highland Day Care N/A
Community Development Block Grants - Monfort Children's N/A
Pass Through Payments from the State Department
of Health:
Childhood Immunization Grants
Maternal & Child Health
'Early Detection & Control
Total Department of Health and Human Services
TOTAL FEDERAL EXPENDITURES
*Major Program
147
155,916
57,834
121,200
123,776
497,642
93.268 324,485
93.994 136,870
93.919 149,693
13,878,243
$26,515,482
Hunt, Spillman & Associates, p.c.
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL STRUCTURE
BASED ON AN AUDIT OF GENERAL PURPOSE FINANCIAL STATEMENTS
PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the general purpose financial statements of the
County of Weld, Colorado, as of and for the year ended December 31,
1996, and have issued our report thereon dated June 13, 1997.
We conducted our audit in accordance with generally accepted
auditing standards and Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require
that we plan and perform the audit to obtain reasonable assurance
about whether the general purpose financial statements are free of
material misstatement.
The management of the County of Weld, Colorado is responsible for
establishing and maintaining an internal control structure. In
fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. The
objectives of an internal control structure are to provide
management with reasonable, but not absolute, assurance that assets
are safeguarded against loss from unauthorized use or disposition,
and that transactions are executed in accordance with management's
authorization and recorded properly to permit the preparation of
general purpose financial statements in accordance with generally
accepted accounting principles. Because of inherent limitations in
any internal control structure, errors or irregularities may
nevertheless occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the
risk that procedures may become inadequate because of changes in
conditions or that the effectiveness of the design and operation of
policies and procedures may deteriorate.
In planning and performing our audit of the general purpose
financial statements of the County of Weld, Colorado for the year
ended December 31, 1996, we obtained an understanding of the
internal control structure. With respect to the internal control
structure, we obtained an understanding of the design of relevant
policies and procedures and whether they have been placed in
operation, and we assessed control risk in order to determine our
auditing procedures for the purpose of expressing our opinion on
the general purpose financial statements and not to provide an
opinion on the internal control structure. Accordingly, we do not
express such an opinion.
143
Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control structure
that might be material weaknesses under standards established by
the American Institute of Certified Public Accountants. A material
weakness is a condition in which the design or operation of one or
more of the internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in
amounts that would be material in relation to the general purpose
financial statements being audited may occur and not be detected
within a timely period by employees in the normal course of
performing their assigned functions. We noted no matters involving
the internal controls structure and its operation that we consider
to be material weaknesses as defined above.
However, we noted certain matters involving the internal control
structure and its operation that we have reported in a separate
letter dated June 13, 1997.
This report is intended for the information of management and the
U.S. Department of Health and Human Services. However, this report
is a matter of public record and its distribution is not limited.
dufiti, ditd4sutfrn,g
Fort Collins, Colorado
June 13, 1997
144
Hunt, Spillman & Associates, p.c.
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON THE INTERNAL
CONTROL STRUCTURE USED IN ADMINISTERING
FEDERAL FINANCIAL ASSISTANCE PROGRAMS
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the general purpose financial statements of the
County of Weld, Colorado, as of and for the year ended December 31,
1996, and have issued our report thereon dated June 13, 1997. We
have also audited the County's compliance with requirements
applicable to major federal financial assistance programs and have
issued our report thereon dated June 13, 1997.
We conducted our audits in accordance with generally accepted
auditing standards; Government Auditing Standards, issued by the
Comptroller General of the United States; and Office of Management
and Budget (OMB) Circular A-128, Audits of State and Local
Governments. Those standards and OMB Circular A-128 require that
we plan and perform the audit to obtain reasonable assurance about
whether the general purpose financial statements are free of
material misstatement and about whether the County of Weld,
Colorado complied with laws and regulations, noncompliance with
which would be material to a major federal financial assistance
program.
In planning and performing our audits for the year ended December
31, 1996, we considered the County's internal control structure in
order to determine our auditing procedures for the purpose of
expressing our opinions on the County's general purpose financial
statements and on its compliance with requirements applicable to
major programs and to report on the internal control structure in
accordance with OMB Circular A-128. This report addresses our
consideration of internal control structure policies and procedures
relevant to compliance with requirements applicable to federal
financial assistance programs. We have addressed internal control
policies and procedures relevant to our audit of the general
purpose financial statements in a separate report dated June 13,
1997.
The management of the County of Weld, Colorado is responsible for
establishing and maintaining an internal control structure. In
fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. The
objectives of an internal control structure are to provide
management with reasonable, but not absolute, assurance that assets
are safeguarded against loss from unauthorized use or disposition,
that transactions are executed in accordance with management's
authorization and recorded properly to permit the preparation of
general purpose financial statements in accordance with generally
accepted accounting principles, and that federal financial
assistance programs are managed in compliance with applicable laws
and regulations. Because of inherent limitations in any internal
145
control structure, errors, irregularities, or instances of
noncompliance may nevertheless occur and not be detected. Also,
projection of any evaluation of the structure to future periods is
subject to the risk that procedures may become inadequate because
of changes in conditions or that the effectiveness of the design
and operation of policies and procedures may deteriorate.
For the purpose of this report, we have classified the significant
internal control structure policies and procedures used in
administering federal financial assistance programs in the
following categories:
Accounting Controls
♦ Revenue/receipts
♦ Purchases/disbursements
♦ Personnel/payroll
♦ External financial reporting
Controls Used in Administering Federal Programs
The following are general and specific administrative control
categories identified by representatives of the federal government
which are applicable to the County of Weld, Colorado.
General Requirements
♦ Political activity
♦ Cash management
♦ Federal financial reports
♦ Civil rights
♦ Administrative requirements
♦ Allowable costs/Cost principles
♦ Drug -free Workplace Act
♦ Claims for reimbursement
Specific Requirements
♦ Types of services
♦ Eligibility
♦ Matching
♦ Reporting
♦ Special requirements
For all of the internal control structure categories listed above,
we obtained an understanding of the design of relevant policies and
procedures and determined whether they have been placed in
operation, and we assessed control risk.
During the year ended December 31, 1996, the County of Weld,
Colorado expended 82% of its total federal financial assistance
under major federal financial assistance programs.
We performed tests of controls, as required by OMB Circular A-128,
to evaluate the effectiveness of the design and operation of
internal control structure policies and procedures that we
considered relevant to preventing or detecting material
noncompliance with specific requirements, general requirements, and
requirements governing claims for advances and reimbursements and
amounts claimed or used for matching that are applicable to each of
the County's major federal financial assistance programs, which are
identified in the accompanying Schedule of Federal Financial
Assistance. Our procedures were less in scope than would be
necessary to render an opinion on those internal control structure
policies and procedures. Accordingly, we do not express such an
opinion.
146
Our consideration of the internal control policies and procedures
used in administering federal financial assistance would not
necessarily disclose all matters in the internal control structure
that might be material weaknesses under standards established by
the American Institute of Certified Public Accountants. A material
weakness is a condition in which the design or operation of one or
more of the internal control structure elements does not reduce to
a relatively low level the risk that noncompliance with laws and
regulations that would be material to a federal financial
assistance program may occur and not be detected within a timely
period by employees in the normal course of performing their
assigned functions. We noted no matters involving the internal
control structure and its operation that we consider to be material
weaknesses as defined above.
However, we noted other matters involving the internal control
structure and its operation that we have reported to the management
of the County of Weld, Colorado in a separate letter dated June 13,
1997.
This report is intended for the information of management and the
U.S. Department of Health and Human Services. However, this report
is a matter of public record and its distribution is not limited.
Fort Collins, Colorado
June 13, 1997
147
Hunt, Spillman & Associates, p.c.
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE BASED ON
AN AUDIT OF GENERAL PURPOSE FINANCIAL STATEMENTS
PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the general purpose financial statements of the
County of Weld, Colorado, as of and for the year ended December 31,
1996, and have issued our report thereon dated June 13, 1997.
We conducted our audit in accordance with generally accepted
auditing standards and Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require
that we plan and perform the audit to obtain reasonable assurance
about whether the general purpose financial statements are free of
material misstatement.
Compliance with laws, regulations, contracts, and grants applicable
to the County of Weld, Colorado is the responsibility the County's
management. As part of obtaining reasonable assurance about
whether the general purpose financial statements are free of
material misstatement, we performed tests of the County's
compliance with certain provisions of laws, regulations, contracts,
and grants. However, our objective was not to provide an opinion
on overall compliance with such provisions. 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.
This report is intended for the information of management and the
U.S. Department of Health and Human Services. However, this report
is a matter of public record and its distribution is not limited.
44424,,,ateseczattti
Fort Collins, Colorado
June 13, 1997
148
Hunt, Spillman & Associates, p.c.
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE
WITH THE GENERAL REQUIREMENTS APPLICABLE TO
FEDERAL FINANCIAL ASSISTANCE PROGRAMS
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the general purpose financial statements of the
County of Weld, Colorado, as of and for the year ended December 31,
1996, and have issued our report thereon dated June 13, 1997.
We have applied procedures to test the County of Weld, Colorado's
compliance with the following requirements applicable to its
federal financial assistance programs, which are identified in the
Schedule of Federal Financial Assistance, for the year ended
December 31, 1996: e.g. political activity, civil rights, cash
management, federal financial reports, allowable costs/cost
principles, Drug -free Workplace Act and administrative
requirements.
Our procedures were limited to the applicable procedures described
in the Office of Management and Budget's Compliance Supplement for
Single Audits of State and Local Governments. Our procedures were
substantially less in scope than an audit, the objective of which
is the expression of an opinion on the County of Weld, Colorado's
compliance with the requirements listed in the preceding paragraph.
Accordingly, we do not express such an opinion.
With respect to the items tested, the results of those procedures
disclosed no material instances of noncompliance with the
requirements listed in the second paragraph of this report. With
respect to items not tested, nothing came to our attention that
caused us to believe that the County of Weld, Colorado had not
complied, in all material respects, with those requirements. Also,
the results of our procedures did not disclose any immaterial
instances of noncompliance with those requirements.
This report is intended for the information of management and the
U.S. Department of Health and Human Services. However, this report
is a matter of public record and its distribution is not limited.
�ttM .4414AgetAt ALA
Fort Collins, Colorado
June 13, 1997
149
Hunt, Spillman & Associates, p.c.
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE
WITH SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR
FEDERAL FINANCIAL ASSISTANCE PROGRAMS
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the financial statements of the County of Weld,
Colorado, as of and for the year ended December 31, 1996, and have
issued our report thereon dated June 13, 1997.
We have also audited the County's compliance with the requirements
governing types of services allowed or unallowed; eligibility;
matching; reporting; claims for advances and reimbursements; and
amounts claimed or used for matching that are applicable to each of
its major federal financial assistance programs, which are
identified in the accompanying Schedule of Federal Financial
Assistance, for the year ended December 31, 1996. The management
of the County of Weld, Colorado is responsible for the County's
compliance with those requirements. Our responsibility is to
express an opinion on compliance with those requirements based on
our audit.
We conducted our audit in accordance with generally accepted
auditing standards, Government Auditing Standards, issued by the
Comptroller General of the United States, and Office of Management
and Budget (OMB) Circular A-128, Audits of State and Local
Governments. Those standards and OMB Circular A-128 require that
we plan and perform the audit to obtain reasonable assurance about
whether material noncompliance with the requirements referred to in
the second paragraph occurred. An audit includes examining, on a
test basis, evidence about the County of Weld, Colorado's
compliance with those requirements. We believe that our audit
provides a reasonable basis for our opinion.
In our opinion, the County of Weld, Colorado complied, in all
material respects, with the specific requirements referred to in
the second paragraph that are applicable to each of its major
federal financial assistance programs for the year ended December
31, 1996.
This report is intended for the information of management and the
U.S. Department of Health and Human Services. However, this report
is a matter of public record and its distribution is not limited.
,dti,44ilinta,,, amefreiate,/
Fort Collins, Colorado
June 13, 1997
150
Hunt, Spillman & Associates, p.c.
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE
WITH SPECIFIC REQUIREMENTS APPLICABLE TO NONMAJOR
FEDERAL FINANCIAL ASSISTANCE PROGRAM TRANSACTIONS
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the general purpose financial statements of the
County of Weld, Colorado, as of and for the year ended December 31,
1996, and have issued our report thereon dated June 13, 1997.
In connection with our audit of the general purpose financial
statements of the County of Weld, Colorado, and with our
consideration of the County's internal control structure used to
administer federal financial assistance programs, as required by
Office of Management and Budget (OMB) Circular A-128, Audits of
State and Local Governments, we selected certain transactions
applicable to certain nonmajor federal financial assistance
programs for the year ended December 31, 1996.
As required by OMB Circular A-128, we have performed auditing
procedures to test compliance with the requirements governing types
of services allowed or unallowed, and eligibility that are
applicable to those transactions. Our procedures were
substantially less in scope than an audit, the objective of which
is the expression of an opinion the County's compliance with these
requirements. Accordingly, we do not express such an opinion.
With respect to the items tested, the results of those procedures
disclosed no material instances of noncompliance with the
requirements listed in the preceding paragraph. With respect to
items not tested, nothing came to our attention that caused us to
believe that the County of Weld, Colorado had not complied, in all
material respects, with those requirements.
This report is intended for the information of management and the
U.S. Department of Health and Human Services. However, this report
is a matter of public record and its distribution is not limited.
Nana; .41-avta.44, awyceratem)
Fort Collins, Colorado
June 13, 1997
151
Wlik
COLORADO
152
SUPPLEMENTAL INFORMATION
HOUSE BILL 1008
REPORTING REQUIREMENTS
Hunt, Spillman & Associates, p.c.
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT ON ANNUAL STATEMENT
OF RECEIPTS AND EXPENDITURES FOR ROADS, BRIDGES AND STREETS
Board of County Commissioners
County of Weld, Colorado
Greeley, Colorado
We have audited the general purpose financial statements of the
County of Weld, Colorado, as of and for the year ended December 31,
1996, and have issued our report thereon dated June 13, 1997.
These general purpose financial statements are the responsibility
of the County's management. Our responsibility is to express an
opinion on these general purpose financial statements based on our
audit.
We conducted our audit in accordance with generally accepted
auditing standards and Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require
that we plan and perform the audit to obtain reasonable assurance
about whether the general purpose financial statements are free of
material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the
general purpose financial statements. An audit also includes
assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
Our audit was conducted for the purpose of forming an opinion on
the general purpose financial statements of the County of Weld,
Colorado, taken as a whole. The accompanying Annual Statement of
Receipts and Expenditures for Roads, Bridges and Streets for the
year ended December 31, 1996 is presented for purposes of
additional analysis 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.
klt,.;(4,;A,a.a a,metZaA4)
Fort Collins, Colorado
June 13, 1997
153
AMENDED
COUNTIES, CITIES, & TOWNS ANNUAL STATEMENT OF RECEIPTS
& EXPENDITURES FOR ROADS, BRIDGES AND STREETS
COUNTY/CITY/TOWN: WELD
CALENDAR YEAR OF REPORT:
1496
ROUND ALL AMOUNTS TO NEAREST DOLLAR
I. SCHEDULE OF RECEIPTS FOR ROAD, BRIDGE AND STREET PURPOSES
A. LOCAL SO!IRCES
1. Property Tax/Special Assessments
2. General Fund Appropriations
3.Other(specify) cpp arrarhed
4. Traffic Fmes
5. Sales Tax
6a. From County (specify)
b. City/Town (Specify)
7. Bond Prtrn4c (net of issuance cost)
8. Note Prw-swis (net of issuance cost)
9. Specific Ownership Taxes
TOTAL (A) LOCAL SOURCES
2,776,259
1,048,743,
2,199,478
6,024,480
D. PRIVATE CONTRIBUTIONS
F. TOTAL RECEIPTS (A+B+C+D)
F. UNSPENT BALANCES BEGINNING OF YEAR
(must equal ending balance of previous year)
0 i TOTAL. RECEIPTS AND RAI.ANf F'. (E+F)
(Revised 1/96)
154
C STATE SOURCES
1. Highway Users Tax
2. Motor Vehicle Registration Fees
3. Other (specify) CDBG
6,107,844
262.612
236,, 642
TOTAL (C) STATE SOURCES 6,607,098
D. FEDERAL SOURCES
1. Forest Service
2. Mineral Leasing
3. Payments in Lieu of Taxes
4. Other (specify)
TOTAL (D) FED. SOURCES
12
30,289
37,905
40,750
108,944
L2,740,522_
5,Q711,171
7"1
18,710,695
AMENDED
(con's)
B. SCHEDULE OF EXPENDITURES FOR ROAD, BRIDGE AND STREET PURPOSES
A. DIRECT HIGHWAY EXPENDITURES
1. Right -of -Way
2. Preliminary and Construction Engineering
3. Construction
4. Maintenance of Condition
5. Snow and Ice Removal
6. Traffic Services
7. Administration
8. Traffic Enforcement
5,297,898
4,383,501
1,806.004
1,040,190
374.736
TOTAL (A) DIRECT HIGHWAY EXPENDITURES 12.q02 129
B. DEBT PAYMENTS ON BONDS AND NOTES
1. Interest on Bonds
2. Interest on Notes
3. Redemption on Bonds (net value)
4. Redemption on Notes (net value)
TOTAL (B) DEBT PAYMENTS
C. PAYMENTS TO OTHER GOVERNMENTS
Ia. To County (specify)
b. ToCity(specify) various per Schedule 559.388
2. To Dept. of Trans.
TOTAL (C) PAYMENTS TO OTHER GOVERNMENTS S 59 1AR
D. OTHER HIGHWAY PURPOSES
(specify)
E. TOTAL EXPENDITURES (A+B+C+D)
F. BALANCES END OF YEAR
(unspent receipts)
G. TOTAL EXPENDITURES AND BALANCES (E+F)
(Revised 1/96)
13
155
13,461,717
5,248,978
1.8,710,695,
(cent)
III. SCHEDULE OF CHANGE IN DEBT STATUS FOR ROAD, BRIDGE AND STREET OBLIGATIONS
(show all entries at par value; face amount of issue)
PONDS NOTES
A. BONDS AND NOTES OUTSTANDING BEGINNING OF YEAR
B. AMOUNT ISSUED DURING YEAR (par value)
I. Original issues this year
2. Refunding issues
C. AMOUNT REDEEMED DURING YEAR (par value)
1. From current receipts or reserves
2. From refunding issues
D. BONDS AND NOTES OUTSTANDING END OF YEAR
NOTE:
•" TOTAL RECEIPTS & BALANCES MUST EQUAL TOTAL EXPENDITURES & BALANCES •'•
PLEASE GIVE THE NAME AND PHONE NUMBER OF THE PERSON TO CONTACT FOR QUESTIONS REGARDING THE
REPORT.
NAME: Barbara Eurich
PHONE: (970) 356-4000 x 4445
Revised (1/96)
14
156
WELD COUNTY, COLORADO
LOCAL SOURCES
OTHER (LINE 3)
Interest
Moving Permits
Charge for Services
Other
0
131,469
900,574
16,700
157
1,048,743
WELD COUNTY, COLORADO
Attachment to Annual Statement of Receipts
and Expenditures for Roads, Bridges and Streets
Item II.C.1 b - Payments to City/Town
Town Amount
Ault
Dacono
Eaton
Erie
Evans
Firestone
Fort Lupton
Frederick
Garden City
Gilcrest
Greeley
Grover
Hudson
Johnstown
Keenseburg
Kersey
La Salle
Lockbuie
Mead
Milliken
Nunn
Pierce
Platteville
Raymer
Severance
Windsor
Brighton
Northglen
Broomfield
Longmont
Total
158
$4,218
6,331
11,715
7,536
28,627
4,703
57,882
8,423
2,601
2,547
333,877
243
3,552
6,171
2,510
2,859
7,202
2,537
6,851
4,634
1,138
2,884
6,744
200
1,065
34,401
1,817
65
214
5,841
$559,388
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