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COMPREHENSIVE ANNUAL FINANCIAL REPOR T YEAR ENDED DECEMBER 31, 1995 COUNTY OF WELD STATE OF COLO • Hlgc" 961231 INTRODUCTORY SECTION 'Me 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 21 Organization Chart 22 Principal County Officials 23 FINANCIAL SECTION Independent Auditors' Report 25 GENERAL PURPOSE FINANCIAL STATEMENTS Combined Balance Sheet- All Fund Types and Account Groups 28 Combined Statement of Revenues, Expenditures and Changes in Fund Balance - All Governmental Fund Types and Expendable Trust Funds 31 Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - All Governmental Fund Types 32 Combined Statement of Revenues, Expenses and Changes in Retained Earnings/Fund Balances - All Proprietary Fund Types, Pension Trust and Nonexpendable Trust Funds 34 Combined Statement of Cash Flows- All Proprietary Fund Types and Nonexpendable Trust Funds 35 Notes to Financial Statements 36 COMBINING, INDIVIDUAL FUND AND INDIVIDUAL ACCOUNT GROUP FINANCIAL STATEMENTS AND SCHEDULES GENERAL FUND Balance Sheet 61 Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 62 1 SPECIAL REVENUE FUNDS Explanations of Individual Funds 68 Combining Balance Sheet 69 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 71 Public Works Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 73 Social Services Fund- Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 75 Conservation Trust Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 77 Contingent Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 78 Emergency Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 79 Public Health Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 80 Human Services Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 81 Solid Waste Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 83 Housing Authority Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 84 CAPITAL PROJECTS FUND Explanation of Individual Fund 86 Balance Sheet 87 Capital Expenditures Fund - Statement of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual 88 2 ENTERPRISE FUND Explanation of Individual Fund 90 Balance Sheet 91 Ambulance Fund - Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual 92 INTERNAL SERVICE FUNDS Explanations of Individual Funds 94 Combining Balance Sheet 95 Combining Statement of Revenues, Expenses and Changes in Retained Earnings 97 Combining Statement of Cash Flows 99 Motor Vehicle Fund - Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual 101 Health Insurance Fund - Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual 102 Printing and Supply Fund - Statement of Revenues, Expenses and Changes in Retained Earning, Budget and Actual 103 Computer Service Fund - Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual 104 Insurance Fund - Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual 105 Phone Service Fund - Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual 106 Weld Finance Corporation - Statement of Revenues, Expenses and Changes in Retained Earnings, Budget and Actual 107 3 TRUST AND AGENCY FUNDS Explanations of Individual Funds 108 Combining Balance Sheet 109 Statement of Revenues, Expenses and Changes in Fund Balance - Pension Trust Fund 111 Combining Statement of Revenues, Expenditures and Changes in Fund Balance - All Expendable Trust Funds 112 Statement of Revenues, Expenses and Changes in Fund Balance - Nonexpendable Trust Fund 113 Combining Statement of Changes in Assets and Liabilities - All Agency Funds 114 GENERAL FIXED ASSETS ACCOUNT GROUP Schedule of General Fixed Assets - By Source 116 Schedule of General Fixed Assets - By Function and Activity 117 Schedule of Changes in General Fixed Assets - By Function and Activity 118 GENERAL LONG-TERM DEBT ACCOUNT GROUP Schedule of General Long-Term Debt 120 STATISTICAL SECTION Tables Relating to Bonded Debt 122 General Governmental Expenditures by Function 123 General Revenue by Source 123 Property Value, Construction, Bank Deposits and Other Economic Indicators 125 Property Tax Levies and Collections 126 Assessed and Estimated Actual Value of Taxable Property 126 Property Tax Rates and Tax Levies - Direct and Overlapping Governments 127 4 STATISTICAL SECTION (Continued): Special Assessment Collections 128 Computations of Legal Debt Margin 129 Demographic Statistics 130 Principal Taxpayers 131 Miscellaneous Statistics 132 Insurance in Force 134 Salaries and Principal Officials 135 Surety Bond Coverage for Principal Officials 135 Private Purpose Revenue Bonds 136 Retirement Plan Required Supplementary Information 137 Computation of Overlapping Bonded Debt - General Obligation Bonds 138 COMPLIANCE SECTION Independent Auditors' Report on Schedule of Federal Financial Assistance 140 Schedule of Federal Financial Assistance 141 Independent Auditors' Report on Compliance with Specific Requirements Applicable to Major and Non-major Federal Financial Assistance Programs 144 Independent Auditors' Report on Compliance with the General Requirements Applicable to Federal Financial Assistance Programs 146 Independent Auditors' Report on Compliance 147 Independent Auditors' Combined Report on the Internal Control Structure 148 Annual Statement of-Receipts and Expenditures for Roads Bridges & Streets 153 5 Asks((triq1' ink COLORADO 6 - a DEPARTMENT OF FINANCE AND ADMINISTRATION PHONE(303)356-4000 EXT.4218 P.O.BOX 758 GREELEY,COLORADO 80632 C. COLORADO June 7, 1996 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, 1995, 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, findings and recommendations, and auditors' reports on the internal control structure and compliance with applicable laws and regulations, are included in the compliance section of this report. The funds and entities related to the County of Weld that are in our Comprehensive Annual Financial Report include those of separately administered organizations that are financially accountable to the county. 7 Honorable Board of Commissioners 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 According to Ann Garrison, UNC Department of Economics, sometimes it pays to march to a different drummer. When it comes to economic activity at the end of 1995, this statement is definitely true for the Weld County economy. it was marching to a different drummer than the U.S. economy. By the end of 1995, the U.S. economy was showing weak, disappointing signs. Nationally, automobile inventories were high and rising. As a result of these large inventories, large price discounts were being given to encourage consumers to buy. The national manufacturers purchasing manager index was in a contraction phase, machine tool orders were down, and industrial freight loadings on rail cars were down. While many of these indicators are not available for the Greeley/Weld County economies; the indicators that are available show a more robust year for economic activity here than for the national economy. Greeley retail sales tax data indicate that sales tax collections and retail sales grew. When automobile sales and the taxes from these sales are isolated, automobile sales here were up 14.5 percent. Increases in sales tax revenues were also present in general merchandise, manufacturing and trade, public utilities and building materials. 8 Honorable Board of Commissioners Consumer confidence carried over from the retail market into the market for homes, too. The Greeley Board of Realtors reports the average price of a home that sold at the end of the year marketed for$114,320. This price was 12.83 percent over the price the year before. This higher price was one factor leading to fewer homes being sold in 1995 (1,032) compared to 1994 (1,039). The absorption rate of higher priced homes was lower, too. Construction activity was a mixed bag. Weld County issued 626 fewer permits in1995 than 1994. The total value of these permits declined 35.5 percent in 1995. Greeley also issued fewer permits with a lower value. Both commercial/industrial and residential permits for news structures fell. However, the number and value of permits to remodel or add to both types of property went up. It is in this area, construction, where the seeds for a slow down in our local economy this year may have been planted last year. During the first quarter of 1995, the average weekly wage for all workers in Weld County was $442. This wage rose 7.28 percent from the first quarter of 1991 to the same quarter in 1995. Workers in the private sector had an average weekly wage of $437. Government workers received $465. The service industries, where there have been shortages of workers, had an average wage of$366 a week. Between the first quarter of 1991 and 1995 the weekly wage rose 19.22 percent. 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 1995 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 1995: > Began the planning for the construction of a new county jail. > Developed fifth year program of a Drug Task Force in conjunction with the municipalities in Weld County (Sheriff). > Began the installation of new criminal justice information system with mobile CRT's in patrol vehicles. . Reconstructed the following major bridges: 64/39 $ 388,000 50/67A 1,827,000 18/25A 150,000 32.5/21B 400,000 23/74A 391,000 9 Honorable Board of Commissioners > Implemented Household Hazardous•Material program in south county. > Installed new financial management system. > Installed new payroll/personnel system. > Completed transition to an information technology environment that has: A. open system architecture B. relational data base management system C. functionally enriched software applications D. query management facility E. improved user graphic presentation F. more file transfer capabilities (upload/download) G. automatic scheduling flexibility by users H. large data volume processing and printing • I. client/server environment J. access to•wider assortment of software packages > Completed update to Weld County's Long Range Land Use Master Plan for land use. Jr- Installed new Assessor/Treasurer computer system. . Implemented a new gas chromatograph/mass spectrometer system in the crime lab. > Integrated victim advocacy into role of Deputy Sheriff. > Implemented community-oriented policing government program. FOR THE FUTURE As Weld County looks to 1996, 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 1996 budget has been developed within the limitations of Amendment One with the Social Services mandated costs included. 10 Honorable Board of Commissioners 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. In addition, an updated mixed use development plan for the 1-25 Highway Corridor will be completed to help guide the future growth of the Del Camino and southwestern area of the county. The continued growth of the jail inmate population will result in significant expenditures in this area in 1996. 5.6 Correction Officers will be added to the jail staff in 1996 to cope with a minimum security inmate population growth. The 1996 capital budget focus is primarily on the construction of a new correctional facility which was approved by the voters on November 7, 1995. 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. It is proposed that an additional jail complex be 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 built in 1996 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 would be developed in 1996 along with construction of Phase One. It is recommended that the county use current funds for Phase One in 1996 ($5,359,265), and reserve $3,400,000 in additional resources.in the five year plan for funding of additional phases of bed space. Operational costs will not be impacted in 1996 since the facility will not be completed until late 1997. However, in 1997 it is anticipated that additional Correctional Officers must be added, plus the added cost of transportation between the two facilities. Food and medical costs will go up accordingly with the increased jail population. 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 isexpected 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. 11 Honorable Board of Commissioners 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 will be off the IBM ES9000 mainframe and transitioned to a client/server environment. The new environment should improve access to information for decision-making, increase the quality and quantity of services, streamline operations, and provide the opportunity for cost savings. The open system architecture offers the technology to connect different types of equipment and vendors. The.linking of all components 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: In 1994 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 1996 involve the following: > Construct new county jail with an additional 160 beds. > Develop sixth year program of a Drug Task Force in conjunction with the municipalities in Weld County (Sheriff). > Complete the installation of new criminal justice information system with mobile CRT's in patrol vehicles and the tower infrastructure. > Reconstruct the following major bridges: 33/86A $ 283,407 50/67A 500,000 61/54A 2,382,600 > Develop plan and strategy to implement Geographical Information System in 1997. > Continue initiatives associated with the "Reinventing Weld County Government" project. > Develop a backup site for communications center. 12 Honorable Board of Commissioners • • Complete development of 800 Mhz mobile computer system for Sheriff's patrol vehicles. • Complete the installation of the new human resources module payroll/personnel system. > Respond to federal welfare reform and its impact on Weld County programs. > Complete Weld County's Open Space Master Plan. > Increase child protection efforts in Social Services in compliance with ACLU settlement for State of Colorado. 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, 1995, indicated no instances of material weaknesses in the internal control structure or significant violations of applicable laws and regulations. Budgeting Controls. In addition, the county maintains budgetary controls. The objective of these budgetary controls is to ensure compliance with legal provisions embodied in the annual appropriated budget approved by the government's governing body. Activities of the general fund, special revenue funds, capital project fund, enterprise fund and internal service funds are included in the annual appropriated budget. The level of budgetary control (that is, the level at which expenditures cannot legally exceed the appropriated amount) is established at the fund level, except for the General fund which is at the department.level. The government also maintains an encumbrance accounting system as one technique of accomplishing budgetary control. Purchase orders which result in an overrun of department balances are not released until additional appropriations are made available. Encumbered amounts lapse at year end. However, encumbrances generally are reappropriated as part of the following year's budget. 13 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 includingGeneral, Special Revenue, Capital Projects and Expendable Trust Funds totalled $88,739,103 in 1995, an increase of 4.3% over 1994. General property taxes and specific ownership taxes produced 32.1% of total revenue, up 1.6% from 1994. The amount of revenue from various sources and the changes from 1994 are shown in the following tabulation: Increase Amount Percent (Decrease) Revenue Sources (In Thousands) of Total from 1994 Taxes $ 28,435.8 32.1% $ 1,595.3 Licenses and Permits 863.9 0.9 (335.9) Intergovernmental Revenue 47,907.1 54.0 2,484.2 Charges for Services 4,684.2 5.3 (573.0) Fines and Forfeitures 29.0 0.0 (1.9) Miscellaneous Revenue 3,930.1 4.4 618.4 Fees 2,889.0 3.3 (19.91 Total $ 88,739.1 100.0 $ 3,767.2 The mill levy was 22.038, down .419 mills from 1994 under State Constitutional Amendment One (TABOR) passed November 3, 1992. The assessed value for 1995 was $1,243,943,280, which was up:$136.4 million, or 12.31%from last year. The increase was primarily attributed to increased commercial/industrial property of$16.6 million, residential property of$12.6 million, state-assessed property of$19.8 million, and oil and gas properties of$84.5 million. Current tax collections were 99.4% of the tax levy, down .1% from 1994. Delinquent tax collections were $64,220, compared with $65,403 in 1994. Allocations of property tax by purpose for 1994 and 1995 are shown as follows: 1995 1994 Purpose Mills Mills General Fund 14.213 14.354 Special Revenue Funds 4.213 7.063 Capital Project Fund 3.170 .542 Intergovernmental Service Funds .442 .498 Total Tax Rate 22.038 22.457 14 Honorable Board of Commissioners Intergovernmental Revenue represented 54% of total general governmental revenue, compared with 53.4%for 1994. Social Service programs account for 51.6%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 $84,942.418, a decrease of 2.6% from 1994. Changes in levels of expenditures for major functions of the county over 1994 are shown in the following tabulation: Increase Amount Percent (Decrease) Expenditure Purpose (In Thousands) of Total from 1994 Current Operating: General Government $ 10,531.1 12.4% $ (362.4) Public Safety 13,049.2 15.4 559.6 Public Works 14,416.8 17.0 1,121.9 Public Health & Welfare 30,821.9 36.3 (2,189.1) Culture & Recreation 336.0 0.4 (51.7) Economic Assistance 9,282.7 10.9 124.6 Capital Outlay 3,605.0 4.2 (1,409.6) Debt Service 154.5 0.2 (132.3) • Intergovernmental 522.2 0.6 (155.9) Miscellaneous 2,223.0 2.6 224.1 Total $ 84,942.4 100.0 $ (2.270.8) The major factors impacting 1995 range from specific programs to the general environment in which the County now operates. With the end of 1995, Weld County passed the midpoint of the 1990's. The face of county government is being changed, perhaps permanently, by a convergence of economic, social, and Intergovernmental patterns. Weld County is faced with the changing needs of a growing population and financial stress at all levels of government --federal, state, and local. In 1995, our job was ensuring that county service priorities were met while holding the line on costs and taxes. Weld County government accomplished this task. 15 Honorable Board of Commissioners In 1995, the Weld County commissioners updated and revised the Weld County Comprehensive Plan for land use to deal with anticipated growth in the county. Since a central issue to Weld County is agricultural land conversion for nonagricultural purposes, county officials included rural and urban interests alike in the process. The process was aided by strong support and leadership from county commissioners and residents. The commissioners and county officials also worked with all municipalities within its boundaries to find solutions and document planning strategies for effected jurisdictions. In 1995, Governor Roy Romer recognized Weld County as one of three Colorado counties to receive a Smart Growth Award for their comprehensive land use planning efforts. The award recognized Weld County as a leader in planning and growth management. To complement the comprehensive land use plan, an open space master plan was funded by a Great Outdoors Colorado grant. It will be completed in early 1996. This will be the first county- wide open space plan for Weld County. Two major operational factors influenced Weld County in 1995. The first was a court decision issued June 5, 1995. In 1992, State Constitutional Amendment One (TABOR) was passed. It included a provision allowing the return of unfunded state mandates to the state over a three-year period. However, the State Supreme Court ruled that the provision did not allow counties to exercise this right to stop funding state-mandated welfare programs or court maintenance to reduce local property taxes. The Weld County Commissioners, like most local government officials in the state, were disappointed in this 3-2 court ruling. However, Weld County has adjusted its finances to follow the decision of the court. The Weld County Commissioners remain concerned about this ruling. Without the ability to manage mandated program expenditures like welfare costs, local control of county finances and taxes could eventually be lost. We are working with our state legislators to pass legislation that reduces mandated welfare costs from 20% county property taxes to only 10%. Under the proposed legislation, county commissioners would be given more local discretion:in handling social services programs. We also are supporting efforts to reform welfare at the federal level. The second major operational factor occurred in November 1995. Voters overwhelmingly approved siting an expanded 160-bed county jail in north Greeley. The expanded jail is critical for the public safety of all Weld County citizens. Construction will begin in the spring of 1996, and it will be open in late 1997. The jail population is growing at a rate of 50 inmates per year. This is due to mandatory incarceration, population growth, backlog of state inmates in the county jail, and stiffer sentencing practices. Although alternative jail programs are being developed, there will be no relief in the growth rate of inmates in the immediate future. In November, voters were faced with the question of authorizing the construction of an expanded jail or turning more criminals loose. The Weld County Commissioners and Sheriff appreciate the favorable support of Weld County voters to build the expanded jail. By planning ahead financially, we can build and staff the expanded 160- bed jail without any debt financing or raising property taxes. 16 Honorable Board of Commissioners Other areas that deserve mention in a highlight of 1995 achievements in Weld County are energy impact assistance grants, communication system improvements, computer enhancements, and the south county household hazardous materials program. Weld County obtained over a half million dollars in energy impact assistance grants from the oil and gas severance tax fund. The money was used for developing land use plans in southwestern Weld County, road improvements, and refinements to the emergency communication system. The communications system is being enhanced with mobile computers in patrol cars, improved emergency radio tower transmission in northeastern Weld County, and updated dispatch equipment for public safety. The transition to a new information technology environment in Weld County government was accomplished in 1995. The new computer environment will improve access to information for decision-making, increase the quality and quantity of services, streamline operations, and save money. The two-year effort has improved information services while cutting costs by nearly one- third. Lastly, we completed a second household hazardous materials collection station near Dacono. The program allows for a convenient collection center without user fees to serve south county residents. With this program, Weld County is a leader nationwide in proper disposal or recycling of household hazardous materials such as unused paint, motor oil, and insecticides. In 1995, 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. FUND BALANCE Total fund balance and fund equity in the major operating funds were maintained at adequate levels. The General Fund balance of $1,271,596 was down $545,009 from last year. The $12,594,360 balance in the Special Revenue Funds was up from the previous year by 6.4%. Enterprise Operations: The county's enterprise operation is comprised of the Ambulance Service Fund. The Ambulance Service is a countywide advanced life support emergency medical service. The program is primarily supported by fees with a subsidy from the county of indirect support costs only. The operation did over 7,500 calls in 1995 and generated revenue of$3,091,130. Pension Trust Fund Operations: The operations of the Weld County Retirement Plan remained stable in 1995. 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 $1,344,861. 17 Honorable Board of Commissioners Internal Service Funds: The Internal Service Funds consists of six funds. The Motor Vehicle Fund provides maintenance to all vehicles owned by the county, as well as renting equipment to Road and Bridge and other various departments. The Health Insurance Fund provides dental and vision health coverage for all employees of the county. The Printing and Supply Fund provides the printing service and supply store for the county's use. The Computer Services Fund which provided all data processing services to the county and other entities was eliminated in 1995. 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 1995 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, 1995, the General Fixed Assets of the county amounted to $39,634,867. 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 1995 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 totalling $1,760,134 for the construction of the Human Resources Building and north administrative buildings. Cash Management: Cash temporarily idle during the year was invested in time deposits ranging up to 180 days to maturity. Interest earned on investments of cash held by the County Treasurer was recorded as revenue in the General Fund, with the exception of interest attributed to the Insurance Fund, Health Insurance Fund, Capital Expenditure Fund, Conservation Trust Fund, Housing Authority Fund, Ambulance Enterprise Fund, and the interest earned on certain deposits held for other taxing authorities. The amount of interest earned was $1,570,687 in 1995. 18 Honorable Board of Commissioners The county's investment policy is to minimize credit and market risks while maintaining a competitive yield on its portfolio. Accordingly, deposits are either insured by federal depository insurance or collateralized. All collateral on deposits was held either by the government, its agent or a financial institution's trust department in the government's name. All of investments held by the government during the year and at December 31, 1995, 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 1995 Weld County continued to be a member of Colorado Counties Casualty and Property Pool. The pool offers full safety and risk management programs to minimize losses, together with 57 other Colorado counties. Effective January 1, 1992 Weld County became self-insured under a State permit for workers' compensation. OTHER INFORMATION Independent Audit: The Weld County Home Rule Charter requires an annual audit of the books of accounts, financial records, and transactions of all administrative departments of the county by independent certified public accountants selected by the Board of County Commissioners, and engaged for a period not to exceed five years. The accounting firm of Anderson & Whitney. P.C. was selected by the county. In addition to meeting the requirements set forth in the Charter, the audit also was designed to meet the requirements of the federal Single Audit Act of 1984 and related OMB Circular A-128. The auditors' report on the general purpose financial statements and combining and individual fund statements and schedules is included in the Financial Section of this report. The auditors' reports related specifically to the single audit are included in the Compliance Section. 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, 1994. This was the thirteenth year that the county has received this prestigious award. In order to be awarded a Certificate of Achievement, the county published an easily readable and efficiently organized comprehensive annual financial report. This report satisfied both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. In addition, the county also received the GFOA's Award for Distinguished Budget Presentation for its 1994 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. 19 Honorable Board of Commissioners 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 1995 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, 1995. The preparation of this report could not be accomplished without the efficient and dedicated services of the entire staff of the Accounting/Finance Department. I should like to express my appreciation to all members of the department who assisted and contributed to its preparation. I should also like to thank the members of the Board of County Commissioners for their interest and support in planning and conducting financial operations of the county in a responsible and progressive manner. Respectfully submitted, x �{ Awth.o,,H Donald D. Warden, Director Finance and Administration DDW/ch 20 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, 1994 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. Offic Ls aPNGE‘1/4STAITS �V t4 //t/J ,� IIg1ESAO �n SAO H cavoinx s President sga2, 0otuna yr,a$ 'gate Executive Director 21 / \ CM T I L U ^^'' ^L^,, W tT tU O E m L C W CO L m E o ` L IS N 2 C NIn a) � Wmm2 O o > � Z ° ` E W N U d w O LU Q H 2a � U 0 2 U ° `,J Z _ O O L. m O a N ` 0 N o ce ' ` �• C O L 2 : U m L L N m C C W O (V C O V 2 J 2 O Etil U N W VC E •Z N O N ow N N L /� L /� L N C C N C L_ coN N O /� c% Oo `V Q w C) 0 C as Q J 10 0 Q U U) c C 7 O �1 O w N d N w co �J 0 O c Y m a C L.L. C C 0 C C rn a tT N N .V O C O m 3 C) a., J Y to L _ C .Q L N -o _ c a -o _ w a) c c O m m O Qa. E O o o v �' �/ 0 N O 0 U Cr fl_ C W LL N Q 0 0 E L0 w °' H�- 4` 2 O 0 « �c � oo Z .1 "J m co O m co E2Ew O = N — C C a) O N L C 4J N aoi w E C' m CC fU L •g .g N O C .0 c y D o 9 m I 0 C No U C a rn. a V W ,_ N N (6 N 'o o Q � � o QCL � mm' oc2 O O I. 0 a maw > P Q L ca /WO./� Z L O O Zli C " 'c N 0 a (n C O U °+ a s C L u C L u C L_ O (V �_ t m p C O O O v E O CJ , _ c0 U N ≤ Q ?CM m t6 U v co U m o () O Z a ` m m m + c U Z H Q = 0 Pal =az Q W 0 wLL O Q Uo U = = Q a Q o 0 --1INJ >_ m I— E w O CO (Q O .� N O a o. N o. O y C C O (a ≥ y cm .. a 2c me m(7o mN V ll.l _ 13) U C Cl) C V !•_n � ,-,, . . -- ,= =c B.ca , .. - _ - 0 m2 v �' N co N N new c CCC_ c c m 0 o m ¢ E Q 2 m i en u m rn W as C L () E O L C C cwE ¢ s s E a, ca cag' c `3 J a C 2a UU QLL Q LLaa � v vULLN mm > a` N U- 0- 22 COUNTY OF WELD STATE OF COLORADO PRINCIPAL COUNTY OFFICIALS December 31, 1995 Board of County Commissioners Dale Hall Barb Kirkmeyer George Baxter W. H. Webster Constance Harbert 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 Anderson &Whitney, P.C. Certified Public Accountants 23 hiDe. COLORADO FINANCIAL, SECTION Wilk COLORADO ANDERSON L WHITNEY, P.C- /� NdERSON CERTIFIED PUBLIC ACCOUNTANTS /"'1 1001 Ninth Avenue ©WNITNE)i Greeley,Colorado 80631-4046 ■ ■ ■ ■ ■ (303)352-7990 FAX(303)352-1855 Independent Auditors' Report Board of County Commissioners County of Weld, Colorado Greeley, Colorado We have audited the accompanying general purpose financial statements of the County of Weld, Colorado as of and for the year ended December 31, 1995, as listed in the table of contents. These general purpose financial statements are the responsibility of the County's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards 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 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, 1995, and the results of its operations and cash flows of its proprietary fund types and nonexpendable trust funds for the year then ended in conformity with generally accepted accounting principles. Our audit was conducted for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The combining, individual fund and account group financial statements and schedules listed in the table of contents are presented for purposes of additional analysis and are not a required part of the general purpose financial statements of the County. Such information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly stated in all material respects in relation to the general purpose financial statements taken as a whole. In accordance with Government Auditing Standards,we have also issued reports dated May 17, 1996 on our consideration of Weld County's internal control structure and on its compliance with laws and regulations. May 17, 1996 MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED,INC. 25 41 $C(Itil;' COLORADO 26 GENERAL PURPOSE FINANCIAL STATEMENTS fiernMit 111k COLORADO COLORADO COUNTY OF WELD STATE OF COLORADO Combined Balance Sheet - All Fund Types and Account Groups December 31, 1995 (With comparative totals for December 31, 1994) Governmental Fund Type Special Capital General Revenue Projects ASSETS Cash and short-term investments $ 3,160,166 $ 12,776,676 $ 3.885.774 Investments 0 0 0 Receivables (net of allowance for uncollectibiles): Current property taxes 17,904.442 9.667,477 1.473.093 Delinquent property taxes 87.106 33,200 12,934 Accounts 476,701 1,179.470 48,121 Special assessment 75.420 221,608 0 Due from other County funds 216.988 690,750 4.813 Due from other governmental units 515,681 627.578 0 Advances to other funds 0 75,000 0 Inventories 0 2.957,247 0 Other assets 19.133 133,550 0 Land 0 0 0 Improvements other than buildings 0 0 0 Buildings 0 0 0 Machinery and equipment 0 0 0 Accumulated depreciation 0 0 0 Amounts to be provided for retirement of general long-term debt 0 0 0 Total Assets $ 22,455,637 $ 28.362,556 $ 5,424,735 LIABILITIES, FUND EQUITY &_OTHER CREDITS Liabilities: Accounts payable $ 1,376,485 $ 1,202,080 $ 44.997 Due to other County funds 495,356 397,937 99,653 Due to other governments 0 82.509 0 Accrued liabilities 631,913 674.429 0 Other liabilities 0 119,353 0 Deferred revenue 18,015,805 10.815.324 1.487.199 Unexpended grant revenue 589.482 2.476,564 0 Deferred compensation payable 0 0 0 Long term debt 0 0 0 Advances from other funds 75.000 0 0 Total Liabilities 21,184,041 15,768,196 1,631,849 Other Credits: Investment in general fixed assets 0 0 0 Fund Equity: Contributed capital 0 0 0 Unreserved retained earnings 0 0 0 Fund Balances: Reserved 266,961 6.312,360 3,701,700 Unreserved: Designated for future years' expenditure 0 750.000 0 Undesignated 1,004,635 5,532,000 91,186 Total Fund Equity and Other Credits 1,271.596 12,594.360 3.792.886 Total Liabilities, Fund Equity and Other Credits $ 22.455,637 $ 28,362,556 $ 5.424,735 (See Notes to Financial Statements) 28 Proprietary Fiduciary Fund Type Fund Type Account Groups Memorandum Totals Enterprise Internal Trust and General General Long Fund Service Agency Fixed Assets Term Debt 1995 1994 S 0 $ 1,816.696 $ 5.000.124 $ 0 $ 0 $ 26,639.436 $ 22,788.951 0 0 45.322.950 0 0 45,322.950 41.792.452 0 549,563 0 0 0 29,594,575 27,264.245 0 2.945 0 0 0 136,185 126.303 407,893 97,512 302.699 0 0 2.512,396 2,609,679 0 0 0 0 0 297,028 465.648 588 208.386 15,155 0 0 1,136,680 1.317,626 0 0 0 0 0 1,143.259 1.057.066 0 0 0 0 0 75,000 995.440 0 124,107 0 0 0 3,081,354 3.125,927 174 72.820 0 0 0 225,677 254.618 48.496 1,336.667 0 3,880,118 0 5.265,281 4.943.967 21.461 231,354 0 1,483.256 0 1.736,071 1,500,487 648.234 4,764,287 0 25,822,343 0 31,234,864 31,018.136 719,975 14,780.395 0 8,449,150 0 23,949,520 21.687.478 (378.847) (9.590.194) -0 0 0 (9.969.041) (9.982,994; 0 0 0 0 1.531.698 1.531,698 1,662.911 $ 1,467.974 S 14,394,538 $ 50,640,928 $ 39.634,867 $ 1.531,698 $ 163.912.933 $ 152,627,940 $ 20.954 $ 106.455 $ 827,020 $ 0 $ 0 $ 3.577,991 $ 3,718.377 40.952 27.100 75.682 0 0 1.136.680 1,317,626 0 0 3.926.803 0 0 4,009,312 4.052,003 137,993 585.368 0 0 1.531,698 3,561.401 2,984,612 0 • 0 0 0 0 119.353 56.105 0 552,945 0 0 0 30.871,273 28,338,812 0 0 0 0 0 3,066.046 3,120,576 0 0 2,026,765 0 0 2,026.765 1,752.999 0 1,760,134 0 0 0 1.760,134 2.529,328 0 0 0 0 0 75,000 995,440 199.899 3,032,002 6.856.270 0 1,531.698 50,203,955 48.865.878 0 0 0 39.634,867 0 39,634,867 37.439,321 118.716 7.991,332 0 0 0 8.110,048 8,074.564 1,149,359 3,371.204 0 0 0 4,520,563 3,867,769 0 0 38.919,122 0 0 49,200,143 43,253.687 0 0 0 0 0 750,000 1.148.051 0 0 4.865,536 0 0 11.493.357 9.978.671 1.268,075 11.362.536 43.784.658 39,634.867 0 113.708.978 103.762.062 $ 1.467,974 $ 14.394,538 $ 50,640,928 $ 39.634,867 $ 1,531.698 $ 163.912.933 $ 152.627.940 29 all I4CP Wilk COLORADO 30 COUNTY OF WELD STATE OF COLORADO Combined Statement of Revenues. Expenditures and Changes in Fund Balances All Government Fund Types and Expendable Trust Funds For the fiscal year ended December 31. 1995 (With comparative totals for the fiscal year ended December 31. 1994) . Fiduciary Governmental Fund Type Fund Type Memorandum Totals Special Capital Expendable General Revenue Projects Trust 1995 1994 REVENUES Taxes $ 16.578.592 $ 7,926,477 $ 3.930.667 $ 72 $ 28,435,808 $ 26,640,523 Licenses and permits 616.895 247,017 0 0 863,912 1.199.797 Intergovernmental 3.252,484 44.654,663 0 0 47,907,147 45,422.933 Fines and forfeitures 28.983 0 0 0 28.983 30.910 Miscellaneous 3,193;966 374.182 101.987 259.963 3.930.098 3.311.596 Fees 2,888.955 0 0 0 2.888.955 2.908.934 Charges for services 1,663,523 3,020,677 0 0 4,684,200 5,257,168 Total Revenues 28.223.398 56.223,016 4.032.654 260,035 88,739,103 84,971.861 EXPENDITURES Current: General government 10.531.129 0 0 0 10,531.129 10.893.512 Public safety 13,049.185 0 0 0 13,049.185 12.489,605 Public works 637,026 13.779.780 0 0 14.416.806 13.294,864 Public health and welfare 277.838 30,544,033 0 0 30,821,871 33.311.044 Culture and recreation 102.563 233,484 0 0 336.047 387,744 Economic assistance 315,672 8,967.017 0 0 9.282.689 9...58,134 Miscellaneous 969,784 870.734 0 382.457 2.222.975 1,998.877 Capital outlay 2.078.642 982.784 543.549 0 3.604.975 5,:714,581 Debt service 154.507 0 0 0 154,507 286.824 Intergovernmental 0 522.232 0 0 522.232 278.046 Total Expenditures 28,116.346 55.900,064 543,549 382,457 84.942.416 87,213.231 Excess (Deficiency) of Revenues Over (Under) Expenditures 107.052 322,952 3.489,105 (122.422) 3.796,687 (2141.370) Other Financing Sources (Uses): Capital lease 0 0 0 0 0 593.650 Operating transfers . in 311,363 6,223,864 66,551 0 6,601.778 3.104,692 Operating transfers • out (963,424) (5,788.354) 0 0 (6,751.778) (3.179,692) Total Other Financing Sources (Uses) (652.061) 435.510 66.551 0 (150.000) 618.650 Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses (545,009) 758.462 3.555,656 (122.422) 3,646.687 (1.622.720) Fund Balances at Beginning of Year 1.816.605 11.835,898 237.230 226,108 14.115,841 15.738,561 Fund Balances at End of Year $ 1,271.596 $ 12,594,360 $ 3.792,886 $ 103,686 $ 17,762.528 $ 14 115,841 (See Notes to Financial Statements) 31 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. 1995 General Variance Favorable Budget Actual (Unfavorable) REVENUES Taxes $ 16.636.417 $ 16.578.592 $ (57.825) Licenses and permits 584,284 616,895 32,611 Intergovernmental 3.101,707 3.252.484 150,777 Fines and forfeitures 33.000 28,983' (4.017) Miscellaneous 3,279.692 3,193.966 (85.726) Fees 2,799,900 2,888,955 89.055 Charges for services 1,769,844 1,663,523 (106,321) Total Revenues 28.204.844 28,223,398 18.554 EXPENDITURES Current: General government 10,745.459 10,531,129 214,330 Public safety 13.169,793 13,049.185 120,608 Public works 648,500 637,026 11,474 Public health and welfare 308,338 277.838 30,500 Culture and recreation 53,927 102,563 (48.636) Economic assistance 398.230 315,672 82.558 Miscellaneous 1.058.600 969,784 88.816 Capital outlay 2.396,049 2.078.642 317.407 Debt service 151,567 154,507 (2,940) Intergovernmental 0 0 0 Total Expenditures 28,930,463 28.116,346 814.117 Excess of Revenues Over (Under) Expenditures (725.619) 107,052 832,671 Other Financing Sources (Uses): Capital lease - 0 0 0 Operating transfers - in 311.363 311.363 0 Operating transfers - out (963.424) (963.424) 0 Total Other Financing Sources(Uses) (652,061) (652.061) 0 Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses (1,377.680) (545,009) 832,671 Fund Balances at Beginning of Year 1.816.605 1.816,605 0 Fund Balances at End of Year $ 438,925 $ 1,271.596 $ 832.671 (See Notes to Financial Statements) 32 Special Revenue Capital Projects Variance Variance Favorable ' Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ 7.264,919 $ 7.926.477 $ 661.558 $ 3,943,449 $ 3,930,667 $ (12.782) 240,750 247,017 6.267 0 0 0 49,429,016 44.654,663 (4.774.353) 0 0 0 0 0 0 0 0 0 1,331,900 374,182 (957.718) 0 101,987 101,987 0 0 0 0 0 0 2.628,705 3.020.677 391.972 0 0 0 60,895,290 56,223,016 (4,672,274) 3,943,449 4.032,654 89,205 0 0 0 0 0 0 0 0 0 0 0 0 16,596,148 13,779,780 2,816,368 0 0 0 34,830,108 30,544,033 4,286.075 0 0 0 233.484 233,484 0 0 0 0 12,141,560 8.967,017 3.174.543 0 0 0 900,000 870,734 29,266 0 0 0 926.755 982,784 (56,029) 4.239.375 543,549 3.695.826 0 0 0 0 0 0 547,354 522.232 25.122 0 0 0 66.175,409 55.900.064 10,275,345 4.239,375 543,549 3,695.826 (5.280.119) 322.952 5.603.071 (295,926) 3.489,105 3.785.031 0 0 0 0 0 0 5,272,791 6,223,864 951.073 66,551 66,551 0 (2,388,354) (5,788,354) (3.400,000) 0 0 0 2,884,437 435,510 (2,448,927) 66,551 66.551 0 (2,395,682) 758,462 3,154,144 (229.375) 3,555.656 3.785.031 11.835,898 11.835.898 0 237.230 237.230 0 $ 9.440.216 $ 12,594,360 $ 3,154.144 $ 7.855 $ 3.792,886 $ 3,785,031 33 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, 1995 (With comparative totals for the fiscal year ended December 31. 1994) Proprietary Fund Type Fiduciary Fund Type Memorandum Totals Internal Non- Enterprise Service Expendable Pension Fund Fund Trust Fund Trust Fund 1995 1994 OPERATING REVENUES Earnings on investments $ 0 S 0 $ 582 $ 3,338,789 $ 3.339,371 $ 3.249,848 Contributions 0 161.926 0 2.460.054 2.621.980 2,436.895 Charges for services 3,091.130 4.933.751 0 0 8.024.881 7,418.026 Total Operating Revenues 3,091,130 5,095.677 582 5,798,843 13,986.232 13,104,769 OPERATING EXPENSES Personnel services 1,295.608 190.898 0 0 1,486,506 1.444,823 Supplies 185,677 519,910 0 68 705.655 589,499 Purchased services 247,005 2.269.662 0 162,061 2.678.728 2.649,998 Insurance and bonds 0 157.631 0 0 157,631 314,441 Depreciation .153,826 1,604,457 0 0 1.758,283 1,749,699 Benefit payments 0 0 0 1.732.730 1,732,730 1,506,573 Other 215.552 148,141 0 0 363,693 447,005 Refunds 0 0 0 488,160 488,160 335.550 Claims 0 666.831 0 0 666,831 740,039 Capital outlay 7,320 0 0 0 7,320 0 Bad debt expense 1,062,863 0 0 0 1,062.863 818,562 Total Operating Expenses 3,167.851 5,557,530 0 2,383,019 11.108,400 10.596,189 Operating Income (Loss) (76.721) (461,853) 582 3.415.824 2,877.832 2.508,580 NONOPERATING REVENUES (EXPENSES) Taxes 0 549.578 0 0 549,578 552,794 Intergovernmental 12.391 0 0 0 12,391 0 Miscellaneous 72,072 92.236 0 0 164,308 109,545 Fees 0 1,579 0 0 1.579 1,606 Gain on disposition of assets 14,000 376,304 0 0 390,304 181.465 Judgements and damages 0 48,338 0 0 48,338 74,121 Loss on disposition of assets 0 0 0 0 0 (302,611) Interest 0 (125.130) 0 0 (125,130) (220,036) Total Nonoperating Revenues (Expenses) 98,463 942.905 0 0 1.041.368 396.884 Income (Loss) Before Operating Transfers 21,742 481.052 582 3,415,824 3,919,200 2.905.464 Operating Transfers: Operating transfers . in 0 150.000 0 0 150.000 78.778 Total Operating Transfers In (Out) 0 150,000 0 0 150,000 78,778 Net Income (Loss) 21.742 631.052 582 3.415,824 4,069,200 2.984,242 Retained Earnings/Fund Balance at Beginning of Year 1,127.617 2,740,152 583 40,263,984 44.132.336 41,312,957 Residual Equity Transfers Out 0 0 0 0 0 (164,863) Retained Earnings/Fund Balance at End of Year $ 1,149,359 $ 3,371.204 $ 1,165 $ 43,679,808 $ 48.201.536 $ 44.132.336 (See Notes to Financial Statements) 34 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. 1995 Proprietary Fund Type Nonexpendable Memorandum Enterprise Internal Trust Total Fund Service Fund 1=95 CASH FLOWS FROM OPERATING ACTIVITIES Operating income (loss) $ (76 721) $ (461 853) S 582 $ (137 992) Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation 153.826 1,604,457 0 1.758.283 Change in assets and liabilities: (Increase) decrease in accounts receivable (97,077) (27.676) 1.836 (122.917) (Increase) decrease in inventory 0 (7.660) 0 (7.650) (Increase) decrease in other assets 18.364 (45.923) 0 (27.559) Increase (decrease) in accounts payable 7.865 (211.644) 5.965 (197.814) Increase (decrease) in accrued liabilities 9.660 14.980 0 24.640 Increase (decrease) in other liabiliites 36 653 (39 334) 0 (2.58)) Total adjustments 129 291 1 287 200 7 801 1=2i 292 Net cash provided by (used for) operating activities: 52 570 82547 8 383 135 300 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Taxes and other revenues 76.456 679.067 0 755,623 Operating transfers-net 0 150 000 0 -90 C90 Net cash provided by noncapital financing activities 76 456 829.067 0 975 523 CASH FLOWS FROM CAPITAL AND RELATED FINANACING ACTIVITIES: Interest paid on borrowings 0 (112.467) 0 (112.467) Proceeds from sale of capital assets 0 442.110 0 412,110 Principal paid on long-term debt 0 (166.757) 0 (36,757) Acquisition of capital assets (293.202) (2.341.931) 0 (2,435.133) Other capital activities (7 548) 0 0 '77 548) Net cash used for capital and related financing activities (300-750) (2.179 045) 0 (2 L)9 795) CASH FLOWS FROM INVESTING ACTIVITIES: Interest on investments 22 008 0 0 '?008008 Net Increase (Decrease) in Cash and Cash Equivalents (149,716) (524.631) 8,383 :115,954) Cash and Cash Equivalents at Beginning of Year 149 716 2,341.327 16,623 2,177,666 Cash and Cash Equivalents at End of Year $ 0 S 1.516,696 $ 25,006 41811 702 Reconciliation to Balance Sheet: Cash and Cash Equivalents at end of year 0 1.816,696 25,006 1.811.702 Other Trust and Agency Funds 0 0 4,975 1)8 1°.75 118 Per Balance Sheet E 0 S 1 816 696 S 5,000 124 8 6 616,820 (See Notes to Financial Statements) 35 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 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. Because they provide services to or otherwise benefit Weld County, the financial statements of the following organizations are blended intc the County financial statements: Weld County Retirement Plan -- The Retirement Board consists of five members, two selected by participating employees, two appointed by the Board of County Commissioners, and the fifth being the elected County Treasurer. The County funds half of the retirement plan, which covers substantially all permanent, full- time employees of Weld County. The operation of the plan is accounted for in the Weld County Retirement Fund, as a Pension Trust Fund. Weld County Finance Corporation -- The Weld County Finance Corporation ("Corporation") was formed in 1987 as a not-for-profit corporation under section 501 (c) (4) of the Internal Revenue Code, and exists solely to acquire real estate and construct buildings for lease to the County and others. The Board of County 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. 36 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 Weld County Housing Authority -- The Board of County Commissioners appoints the five member board. The majority of funding provided is from state and federal housing grants of which the County is the primary recipient and sponsor. The operation is reported in the Housing Authority Fund, a Special Revenue Fund. 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. 37 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 B. Basis of Presentation: Each fund is an independent fiscal and accounting entity with a self- balancing set of accounts recording cash and other financial resources together with all related liabilities, residual equities and balances which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations. The various funds are grouped into six generic fund types under three broad fund categories, as follows: Governmental Fund Types: All governmental funds and expendable trust funds are accounted for using a current financial resources measurement focus. Under this measurement focus, only current assets and current liabilities are generally included in the balance sheets. The reported fund balance (net current assets) is considered a measure of "available spendable resources" . Governmental Eund operating statements present increases (revenue and other financing sources) and decreases (expenditures and other financing uses1 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. 38 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 • 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. Enterprise Fund: Enterprise Funds are used to account for operations where the intent of the County is that the costs or services to the general public on a continuing basis be financed or recovered primarily through user charges. Internal Service Funds: Internal Service Funds are established to account for Goods and services provided to other departments of the County on a cost-reimbursement basis. Fiduciary Fund Types (Trust and Agency Funds) : Trust and Agency Funds are established to record transactions relating to assets held by the County in the capacity of trustee, custodian or agent for individuals, governmental entities and non-public organizations. These include expendable trust, 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. 39 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 C. Basis of Accounting: The governmental funds, expendable trust funds, and agency funds utilize the modified accrual basis of accounting. Under this method revenues are recognized when measurable and available. "Measurable" means the amount of the transaction can be determined and "available" means collectible within the current period or soon enough thereafter to pay liabilities of the current period. Primary revenues susceptible to accrual are taxes, grant revenues and investment earnings. Property tax is reported as deferred revenue (less estimated uncollectible amounts) in the year the levy is certified and as a revenue when available to finance the County's current operations. Other taxes are also reported as revenue when available. Grant revenue is recognized as qualifying expenditures are incurred, and investment earnings are accrued over the life of the investment. Expenditures are generally recognized when the related fund liability is incurred except for long-term liabilities, such as accrued vacation and sick leave, which are recorded when payable from current available financial resources. Proprietary funds, nonexpendable trust funds and pension trust funds follow the accrual basis of accounting whereby revenue is recognized when earned and expenses are recorded when liabilities are incurred. Encumbrances: Weld County utilizes the encumbrance method of reco_ding 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 commitrents 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 (except Weld Finance Corporation) , and the Enterprise Fund. The accounting system is employed as a budgetary management control device during the year to monitor the individual departments. The fund level is the level of classification at which expenditures may not legally exceed appropriations, except for the General Fund where the department level of expenditures cannot legally exceed appropriations. During the year, several supplemental appropriations were necessary. All annual appropriations lapse at year end. 40 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 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 1995, two supplemental appropriation ordinances were enacted, which brought the total budget from the original appropriation of $86, 893,249 to $102,317,288 . 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 7, 1994 and are collected in 1995 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 sc:iool 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'i) , except to provide for the payment of bonds and interest. The Board of County Commissioners may submit the question of an increased levy to the County Council and, if in the opinion of a majority of the County Council the County is in need of additional funds, the Council may grant an increased levy for the County in such amount as it deems appropriate, and the County is authorized to make such increased levy. 41 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 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, 1995 levies for the applicable funds of the County are as follows: Mills Amount General Fund 14 .213 $ 17,680, 328 Road and Bridge 2 .104 2, 616, 936 Social Services Fund .325 403, 949 Contingent Fund .815 1, 014, 034 Emergency Reserve Fund .969 1, 205, 000 Capital Expenditures Fund 3 . 170 3, 943, 449 Insurance Fund .442 550, 000 TOTAL 22 . 038 $ 27, 413 , 696 Investments : Investments are stated at cost or amortized cost subject to adjustment for market declines judged to be other than temporary, except investments of the Deferred Compensation Fund which are stated at market value. For purposes of the statement of cash flows, the County considers all highly liquid investments with a maturity of three months or less to be cash equivalents. Inventories: Inventories of governmental funds, which consist of expendable materials held for consumption, are stated at cost utilizing the weighted average cost method. These funds follow the consumption method of accounting whereby expenditures are recorded at the time the inventory items are used. Inventories of proprietary funds are recorded at the lower of average cost or market. Short-term Interfund Receivables/Payables: Interfund transactions resulting from reimbursements, operating transfers, and charges for services rendered, are recorded as due to or due from other County funds. 42 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 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 quasi-external transactions and reimbursements, are reported as transfers. Nonrecurring or nonroutine permanent transfers of equity are reported as residual equity transfers. All other interfund transfers are reported as operating transfers. Fixed Assets : Acquisitions of general fixed assets are recorded as capital outlay expenditures within the governmental funds. Public domain ("infrastructure") general fixed assets consisting of roads, bridges and rights-of-way are not capitalized. No depreciation is provided on general fixed assets. All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated fixed assets are valued at their estimated fair market value on the date donated. Depreciation of all exhaustible fixed assets used by Internal Service Funds, Enterprise Funds and the Nonexpendable Trust Funds is charged as an expense against the operations. Accumulated depreciation is reported on the related balance sheets. Depreciation is provided using the straight-line method over the estimated useful lives, as follows: Buildings 20-30 years Improvements Other Than Buildings 20 years Machinery and Equipment 3-10 years 43 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 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`s 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, 1995, the liability for accumulated sick leave approximated $387, 080 for all funds. Accrued vacation for the governmental funds are accounted for in the General Long-Term Debt Account Group. Unused vacation tire is forfeited after 24 months from date earned. Upon termination or retirement, employees are paid for their accrued vacation. At December 31, 1995, the liability for accumulated vacation approximated $780, 959. Vacation is recorded as an expenditure in the applicable governmental type fund when paid. Vacation and sick leave are accrued in the proprietary fund types when earned. Long-term Obligations : Long-term debt is recognized as a liability of a governmental fund when due. For other long-term obligations, only that portion expected to be financed from expendable available financial resources is reported as a fund liability of a governmental fund. The remaining portion of such obligations is reported in the General Long-Term Debt Account Group. Long-term liabilities expected to be financed from proprietary fund operations are accounted for in those funds. 44 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 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, 1995 include $247,828, $740, 797 and $1, 700 for the General Fund, Special Revenue Funds, and Capital Projects Fund, respectively, for a total of $990, 325. Reserved for Other Assets: These reserves are established to record all prepaid items. Recorded reserves at December 31, 1995 are $19, 133 and $133, 549 for the General Fund and Special Revenue Funds, respectively, for a total of $152,682 . Reserved for Inventories: These reserves are established to record the total lever_ of supply inventories. The Special Revenue Funds have amounts at December 31, 1995 of $576,664. 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 $38, 919, 122 at December 31, 1995 . Reserved for Advances: These reserves are established to record a temporary loan of cash flow. The amounts recorded in Special Revenue Funds at December 31, 1995 are $75, 000. 45 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 Reserved for Emergencies: This reserve was established as the "emergency reserve" required by "Amendment One" to the Colorado constitution. The reserve is $800,000 at December 31, 1995 in the Emergency Fund, a Special Revenue Fund and $3, 700, 000 in the Capital Projects Fund. 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, 986, 350 in the Contingent Fund, a Special Revenue Fund. Designated Fund Balance: Fund balance designated for subsequent years ' expenditures represents fund balance commitments for appropriated expenditures in excess of anticipated revenue for the year ended December 31, 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 25t 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 46 COUNTY OF WELD STATE OF COLORAno NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 and operations. However, comparative data have not been presented in all statements because their inclusion would make certain statements unduly complex and difficult to understand. Note 2 - Equity in Pooled Cash and Investments: The County maintains a cash and investment pool that is available for use by all funds. Each fund's share is displayed on the balance sheets as "Cash and short-term investments" . Several of the County's funds also hold investments on their own account. Substantially all cash and investments of the Pension Trust Fund are held separately from those of the other County funds. Cash and Short-Term Investments: Cash and short-term investments consists of the following_ at December 31, 1995: Deposits with Financial Institutions $ 5, 981, 263 Repurchase Agreement 3, 950, 778 Short-term investments 12, 197, 846 U.S. Treasury and Agencies Notes 3, 049, 855 Other 459, 694 Total $26. 639. 436 Of the bank deposits, $900, 000 was covered by Federal deposit insurance and the remainder was collateralized with securities held by the pledging financial institutions' trust departments or agents in the County's name under the Public Deposit Protection Act. Throughout 1995, the County had short-term investments in local government investment pools established by State statute. These pools operate similarly to a money market fund and each share is equal in value to $1.00. At December 31, 1995, the County had $1, 070, 693 invested in COLOTRUST, $2,690, 127 in CSAFE, $1, 685, 927 in Colorado Diversified Trust, $1,676,446 in Government Asset Pool, and $1, 025 . 940 in COLOFIRST. The investment policies of these pools do not inc_ude investing in derivatives. At December 31, 1995, the County had $4, 048, 713 invested in a government securities fund, initially as a short-term investment. As discussed in Note 10, this fund was frozen in 1991 by the Securities andExchange 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. 47 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 Investments: Statutes authorize the County to invest in obligations of the U.S. Treasury, agencies, and instrumentalities, commercial paper, repurchase agreements, money market funds, and local government investment pools. The Pension Trust Fund is also authorized to invest in common stock, mutual funds, corporate bonds and mortgages. The County's investments are categorized to give an indication of the level of risk assumed at year-end. Category 1 includes the • investments that are insured or registered or for which the securities are held by the County or its agent in the County' s name. Category 2 includes uninsured and unregistered investments for which the securities are held by the counter party's agent in the County's name. Category 3 includes uninsured and unregistered investments, with securities held by a counterparty and not in the County's name. The County's categorized investments consisted of U.S. Treasury and Agencies notes. These are in Category 2 and have a book value of $3, 049, 855 and a market value not materially different as of December 31, 1995. The County also has a repurchase agreement with Bank One, Colorado, categorized in Category 2. Market value is not materially different from carrying value. At December 31, 1995, the remainder of the County's investments were held in the Pension Trust Fund and cannot be categorized. Investments of the Pension Trust Fund were as follows: December 31 1995 Mutual Funds: Equity $13, 020, 133 International equity 3, 038, 267 Small capital value 3, 118, 283 Fixed income 23, 592, 697 Money Market Fund: The One Group 526, 805 $41, 296, 185 The market value of investments in the Pension Trust Fund totaled $48, 729, 326 at December 31, 1995. Information on investments in derivatives by the mutual funds is not available. Investments of the Deferred Compensation Fund at December 31, L995 totaled $2, 026, 765 at market value. Investments of this fund consist of mutual funds which are not subject to risk categorization because they are not evidenced by securities in physical form. 48 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 Note 3 - Allowance for Uncollectible Accounts Receivable: The allowance for uncollectible receivables consists of the following at December 31, 1995: Allowance for Fund Tvne n oll ible General $ 40, 302 Special Revenue 18,479 Capital Projects 4, 371 Enterprise 685,303 Internal Service 1, 500 Trust and Agency 0 Total $ 749, 955 Note 4 —Individual Fund Receivable and Payable Balances and Advances: Interfund receivable and payable at December 31, 1995 are as follows: Interfund Interfund Receivables Pavables General Fund $ 216, 988 $ 495, 356 Special Revenue Funds: Public Works Fund 653, 719 267, 683 Social Services Fund 0 34,252 Conservation Trust Fund 0 4, 813 Contingent Fund 0 25, 621 Emergency Fund 0 30,462 Public Health Fund 3, 098 525 Human Services Fund 33,211 7,478 Solid Waste Fund 0 27, 082 Housing Authority Fund 722 21 Capital Projects Fund 4, 813 99,653 Enterprise Fund: Ambulance 588 40, 952 Internal Service Funds: Motor Vehicle Fund 203, 903 34 Health Insurance Fund 20 5, 625 Printing and Supply Fund 0 7, 528 Insurance Fund 950 13, 895 Phone Services Fund 3, 513 18 Trust and Agency Funds: Employee Flexible Spending 0 74, 979 Payroll Agency Fund 14, 909 703 Weld County Retirement Plan 246 0 Total $ 1, 136, 680 $ 1, 136, 680 49 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 Advances from and to other funds at December 31, 1995 are as follows: Advances Advances From To General Fund $ 75, 000 $ 0 Special Revenue Funds: Solid Waste Fund 0 75, 000 Social Services Fund 0 0 Contingent Fund 0 0 Emergency Reserve Fund 0 0 Capital Projects Fund 0 0 Nonexpendable Trust Funds 0 0 Total S 75, 000 $ 75, 000 Transfers to and from other funds at December 31, 1995 are as follows : Transfer Transfer To From General Fund $ 311, 363 $ 963,424 Special Revenue Funds: Public Works Fund 0 15O, 000 Social Services Fund 3, 560,440 Contingent Fund 0 1, 758, 862 Emergency Reserve Fund 1, 700, 000 3, 879,492 Public Health Fund 951, 073 0 Human Services Fund 12, 351 0 Capital Projects Fund 66, 551 0 Internal Services Fund: Motor Vehicle Fund 150, 000 0 Total $6, 751, 778 $6, 751, 778 50 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 Note 5 - General Fixed Assets: A summary of changes in general fixed assets follows: Balance Balance 01/1/95 Additions Deletions 12/31/95 Land. $ 3,541,537 $ 338,581 $ 0 $ 3,880,118 Buildings 25,428,277 1,324,674 1,733,989 25,018,962 Improvements Other than Buildings 1,247,672 256,072 20,488 1,483,256 Machinery and Equipment 7,008,231 1,726,353 285,434 8,443,150 Construction in Progress 213,603 802,408 212,630 803,381 Total S 37,439,320 $ 4,448,088 $ 2,252,541 $ 39,634,867 At year-end 1995 construction in progress consists of $306,631 for the North site buildings and $496, 750 for Highland Day Care Center. Note 6 - Long-Term Debt: Long-term debt consists of the following at December 31, 1995 : Nonexpendable Trust Fund: Certificates of participation $ 1, 775, 000 Less unaccreted discount 14, 866 Certificates of participation - net 1, 760, 134 General Long-Term Debt Account Group: Sick-leave and vacation accruals 1, 119, 282 Obligation on long-term lease 412,416 Total 1, 531,698 MEMORANDUM TOTAL $ 3, 291, 832 51 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 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. Future debt service requirements for the certificates of participation and capital lease are detailed as follows: Principal Requirement Interest Requirement Certificates Certificates Total Annual of Par- Capital Total of Par- Capital P Total Debt Service Year ticipation Lease Principal tici➢atiOn Lease Interest Requirement 1996 $ 180,000 $ 200,615 $ 380,615 $ 111,660 $ 19,962 $ 131,622 $ 512,237 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 $1,775,000 $ 412,416 $2,187,416 $ 526,890 5 28,738 $ 555,628 $2.743,044 Long-term debt transactions during 1995 are summarized as follows: Certificates Vacation of & Sick Capital Participation Leave Lease Total Balance, January 1, 1995 $ 1,926,891 $ 1,060,474 $ 602,437 $ 3,589,802 Retired in 1995 (170,000) (190,021) (360,021) Discount accretion 3,243 3,243 Additions in 1995 58 808 58,808 Balance December 31, 1995 $ 1,760,134 5 1,119,282 $ 412,416 5 3,291,832 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 $40, 397,450 at December 31, 1995. The County is not liable for repayment of industrial revenue bonds outstanding of $9, 365, 750 -as of December 31, 1995. 52 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 Note 7 - Other Required Individual Fund Disclosures: Excesses of expenditures over appropriations in individual funds are as follows: Revised Over- Appropriation Expenditure Expenditure Ambulance Fund 2, 822, 041 3, 167, 851 345, 810 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, 1995 was a deficit of $124,415 and $5, 668 respectively. These -deficits will be recovered through future operations. Note 8 - Weld County Retirement Plan: The County maintains the Weld County Retirement Plan ("Plan") a single- employer, defined benefit pension plan which covers all full-time employees, except officers and employees of the Health Department . 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, 1995 was $20, 467,113; the County' s total payroll was $26, 030, 045. Current membership is comprised of the following: Retirees and beneficiaries currently receiving benefits and terminated employees entitled to benefits but not yet receiving them 314 Current Employees: Vested 391 Nonvested 342 TOTAL 1. 047 53 • COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 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. 54 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 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) aelp 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, 1995: Retirees and beneficiaries currently receiving benefits $15, 104, 289 Terminated vested employees not yet receiving benefits 1,419, 232 Current Employees: Accumulated employee contributions, including allocated investment income 9,281, 308 Employer-financed vested 3, 992,214 Employer-financed nonvested 9. 122, 079 Total pension benefit obligation 38, 919, 122 Net Assets Available for Benefits (at cost, market value of $40,248, 932) 40,263, 983 Net Assets in Excessof Pension Benefit Obligation $ 1, 344, 861 55 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 As of January 1, 1995, the Plan experienced an increase of $2,428,210 in the pension benefit obligation due to changes in plan provisions effective January 1, 1995. These changes increased the plan benefit formula and changed the Rule of 80 early retirement benefit to a Rule of 75 early retirement benefit. There was no change in contribution requirements. Also as of January 1, 1995, the benefits for retirees and beneficiaries were increased 2.5%. This caused an increase in the pension benefit obligation of $368, 397. 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 1995. 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 1995 of 6% for both the County and the participating employees were $1,230, 027 each. Total covered payroll for year ended December 31, 1995 was $20,467, 113 . Trend Information: Trend information for the years ended December 31, 1993, 1994, and 1995, respectively, is as follows: Net assets in excess of the pension benefit obligation (as of the beginning of the year) were 103 . 0%, 107.2%, and 103.5% 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, 1993, 1994, and 1995. Assets in excess of the pension benefit obligation were 4.7%, 12.9%, and 6.6% of covered payroll for the years ended December 31, 1993, 1994 and 1995, 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. 56 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 Note 9 - Deferred Compensation: Effective January 1, 1984, as allowed by the provisions of Section 24- 52-101, et. seq. , CRS, 1973, and by Section 457 of the Internal Revenue Code of 1954, as amended, the County established the Deferred Compensation Plan of the County of Weld. The Deferred Compensation Plan is a special voluntary benefit plan for public employees, in which a portion of the employee's salary can be deferred until future years. Up to 25% of the employee's gross income can be deferred, not to exceed $7,500 annually. Compensation deferred by a participant under the plan and earnings on deferred amounts must remain solely the property of the County until paid to the participant or the participant 's beneficiary, subject only to the claims of the County's general creditors. The County holds these funds in custody for the participants and exercises no discretion over the investment of the funds. Investments are recorded at market value. Note 10 - Contingencies: In April, 1996, the Colorado Court of Appeals overturned a District Court decision and ruled that The Villa at Greely, 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 will be submitted to the voters in November, 1996 . If the voters defeat the proposal, the Villa will have 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. Rased upon the opinion of legal counsel, these claims would be covered by . insurance and/or there does not appear to be a threat of signifi=ant liability to the County. At December 31, 1995, the County had $4, 048, 713 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, 1995, 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. 57 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 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. Effective July 1, 1986, the County joined Colorado Counties, Incorporated's Casualty and Property Pool which covers all casualty and property claims with a $125, 000 self-insurance retention. Worker's compensation remains insured with a $300, 000 per occurrence retention. Private insurers cover claims above the stop loss limit for all types of insurance. These activities are accounted for in the Insurance Fund, an internal service fund. A liability for a claim is established if information indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss is reasonably estimable. Insurance coverages have not been significantly reduced from prior years and settlements have not exceeded insurance coverage in the past three years. The County participates in a number of federal and state grant programs. Principal funding agencies include Department of Labor, Community Services Administration, Department of Health and Human Services, Department of Housing and Urban Development, Economic Development Agency, and Area Agency on Aging. These programs are subject to program compliance audits by the grantors or their representatives. The amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time, although the County expects such amounts, if any, to be immaterial. Note 11 - Public Trustee: Pursuant to an act of the Colorado General Assembly, the Weld Ccunty 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 1/1/95 Additions Deletions 12/31 .95 Assets $ 50,287 $2, 740, 768 $2, 760, 958 $ 30, 097 Liabilities 50,287 2, 740, 768 2, 760, 958 30, 097 58 COUNTY OF WELD STATE OF COLORADO NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 1995 Note 12 - Changes in Contributed Capital : A reconciliation of changes in contributed capital is as follows: Additions (Deletions) To/From General Fixed Assets or Year ended December 31, 1995 Cont. Capital Ambulance Fund $ (7, 548) Motor Vehicle Fund 43, 032 General Fixed Assets (35,484) Total $ 0 • 59 Wilk COLORADO 60 COMBINING STATEMENTS, INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS AND SCHEDULES \, GENERAL FUND 4 ) 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. 1995 and 1994 • 1995 1994 ASSETS Cash and short-term investments $ 3,160,166 $ 2.317,366 Receivables (net of-allowance for uncollectibles): Current property taxes 17,904,442 17.583,942 Delinquent property taxes87,106 79,347 Accounts 476.701 883,278 Special assessment 75,420 176,157 Due from other County funds 216.988 507,055 Due from othergovernmental units 515.681 461,218 Other assets 19.133 99,511 Total Assets - $-22,455,637 $ 22.107,874 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 1,376,485 $ 835,424 Accrued liabilities 631,913 599,259 Due to other County funds 495,356 475,043 Deferred revenue 18,015,805 17,770,306 Unexpended grant revenue 589,482 536;237 Advance from other funds 75,000 75,000 Total Liabilities 21.184.041 20.291,269 Fund Balance: Reserved for encumbrances 247.828 707:982 Reserved for other assets 19.133 99.511 Unreserved: Undesignated 1,004,635 1,009,114 Total Fund Balance 1.271,596 1,816,605 Total Liabilities and Fund Balance $ 22.455,637 $ 22,107.874 61 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, 1995 (With Comparative actual for the fiscal -year ended December 31. 1994) 1995 1995 1995 1994 Budget Actual Variance Actual REVENUES Taxes: General property taxes $ 17,680,328 $ 17,623,484 $ (56,844) $ 15.915,519 Severance tax 30,000 29,891 (109) .36,711 Tabacco products .80.000 77,726 (2.274) 80,985 Penalties & interest 40.000 41:402 1.402 34,396 Property tax adjustment (1,193,911) (1.193.911) 0 0 Total Taxes 16.636.417 16,578,592 (57,825) 16,067,611 Licenses and Permits: Liquor licenses 3.000 3,711 711 2.915 Plow permits 0 0 0 245 Planning permits 242,284 249,880 7;596 229,357 Building permits 285.000 287,153 2,153 467:227 Electrical permits 54,000 76.151 22,151 95.311 Cable franchise 0 0 0 3,768 Total Licenses-and-Permits 584.284 616.895 32,611 738.823 Intergovernmental: Federal grants 0 28,708 28.708 72,925 Payment in lieu of taxes 51.891 52,029 138 29.891 State grants 2.899,216 2.952,315 53,099 3.247.137 District Attorney 38.000 38.000 0 38.000 Veterans`office • 600 600 0 650 Other governmental units 24,000 71.707 47,707 59.650 Cities & towns 88.000 109,125 21,125 135.639 Total Intergovernmental 3.101.707 3.252.484 150,777 3.583.892 Charges for Services: Plan checking fees 30.000 31.366 1.366 34.570 Books 13,600 15.017 1.417 7.146 Charges for services 1,563.244 1;475.224 (88.020) 2,050.932 Sale of supplies 23.500 19.546 (3.954) 25.014 City contracts 115.800 98,669 (17.131) 96.224 Parking 11.000 11.028 28 11.813 Refuse disposal 1.000 949 (51) 1.195 Weed spraying 11.700 11.724 24 14.872 Total Charges for Services 1,769,844 1,663.523 (106.321) 2.241.766 - Fines and Forfeitures: Property forfeitures/evidence 11.500 2.608 (8,892) 2.514 Fines (drunk drivers) 21.500 26,375 4,875 28,396 Total Fines and Forfeitures 33.000 28,983 (4.017) 30.910 62 COUNTY OF.WELD STATE OF COLORADO General Fund Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the fiscal year ended December 31, 1995 (With Comparative actual for the fiscal year ended December 31. 1994) 1995 1995 1995 1994 Budget Actual Variance Actual REVENUES (CONTINUED) Miscellaneous: Miscellaneous $ 14.000 $ 15,524 $ 1.524 $ 83,769 Interest 1.360.000 1.359,064 (936) • 900,108 Rents from land 6,200 11.152 -4,952 -9.175 Rents from buildings 214.508 220,605 6,097 209,481 Royalties 200.000 146.277 (53,723) • 187,352 Special assessments 724,634 733.662 9.028 809.341 Other 644,350 419.396 (224.954) 135,058 Contributions 0 164,294 164.294 126.901 Sale of assets 116,000 123.992 7:992 146.180 Total Miscellaneous 3,279.692 3.193,966 (85.726) 2,607,365 Fees: Sheriff's fees 114.400 119,777 5,377 106,593 Inmate bond fees 35.000 37,214 2,214 38,380 Fee account 0 38,800 38.800 107.154 DUI fees 110.000 110,095 95 108.641 Bond application fees 0 0 0 540 Clerk & Recorder fees 1,750.000 1.799.792 49,792 1.754.216 Treasurer's fees 625.000 629.866 4,866 647,036 Advertising 39,000 33.346 (5.654) 33.568 Assessor's fees 84,000 87,032 3.032 85.113 Bad check fees 16.000 11,367 (4.633) 12,944 Community service fees 0 649 649 800 Investigation fees 7,000 2.391 (4.609) 3,998 Cable fees 19,500 18.626 (874) 9.951 Total Fees 2.799.900 2,888.955 89.055 2.908,934 • Total Revenues 28,204.844 28.223.398 18,554 28,239.301 EXPENDITURES General Government: Office of the Board 394.154 374,798 19,356 344,052 County Attorney 366.628 360.861 5,767 338.602 Public Trustee 4,000 1.733 2,267 1,102 Planning and zoning 340.570 340.749 (179) 300.267 Clerk to the Board 89.106 84.851 4,255 64.811 County Clerk 1,091.839 1.092.400 (561) 1.143.069 Elections and registration 450,234 389,245 60.989 443.072 County Treasurer 474,629 451,397 23.232 471,300 County Assessor 1.706.649 1.501.806 204.843 1.245.043 Maintenance of buildings/grounds 1.773,764 1,742,641 31.123 1,689.815 County Council 20,747 11,136 9,611 10.139 District Attorney 1.470,617 1,443,344 27,273 1,309.199 Juvenile Diversion Grant 204,513 203,472 1,041 203,748 Victim Assistance 139,174 405,385 (266,211) 439,305 Financial administration 178.765 270.953 (92,188) 207.853 General accounting 425.227 264.527 160,700 364.519 Purchasing 141.983 68.300 73,683 63.962 Personnel 310.975 357.119 (46,144) 404,097 Computer Services 1.161.885 1,166,412 (4.527) 1.849.557 Total General Government 10,745,459 10.531,129 214.330 10,893,512 63 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, 1995 (With Comparative actual for the fiscal year ended December 31. 1994) 1995 1995 1995 1994 Budget Actual Variance Actual EXPENDITURES (CONTINUED) Public Safety: Sheriff administration $ 630.460 $ 597.846 $ 32.614 $ 549.996 Crime control and investigations 2.867.419 2,826.351 41;068 2.715.947 Posse/special deputies 67.000 61,728 5.272 56.513 Task force 217.304 210.187 7.117 19.6.849 Regional forensic laboratory 104,453 87.060 17,393 76,957 Communications services 577,160 577,262 (102) 559,435 E-911 administration 1.000 479 521 0 Criminal justice 468,094 468.094 0 859.603 County Coroner 210.889 198.643 12,246 156.011 Correctional administration 5.198.056 5.191.802 6.254 4,590.987 Community correction 1.954.124 2.011.221 (57.097) 1,916.045 Public service DUI 129.438 121.164 -8.274 152.982 Building inspection 359.354 363,626 (4.272) 321.923 Office of emergency management 79.772 75.282 4.490 71,907 Waste water management 4.927 4,914 13 4.927 Animal control 140.048 91,724 48,324 85.019 Pest/weed control 160,295 161.802 (1,507) 164,507 Total Public Safety 13.169.793 13.049.185 120,608 12.489,608 Public Works: General engineering 346.304 358,281 (11,977) 382.289 Extension services 245,422 225.089 20,333 236,469 Veterans office 41.774 38,656 -3,118 36,958 Airport 15.000 15,000 0 7.500 Total Public Works 648,500 637.026 11:474 663.216 Public Health and Welfare: Mental health 131.500 101.000 30.500 114.500 Developmentally disabled 67,805 67.805 0 67,415 Seniors program 11,700 11,700 0 11.700 Economic development 97.333 97.333 0 947,333 Total Public Health and Welfare 308,338 277.838 30.500 1.140.948 Culture and Recreation: Missle site park 1,266 5,643 (4.377) 6.772 County fair 52,661 96,920 (44,259) 152,960 Total Culture and Recreation 53.927 102.563 (48.636) 169.732 64 COUNTY OF WELD STATE OF COLORADO General Fund Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the fiscal year endedDecember 31. 1995 (With Comparative actual for the fiscal year ended December 31. 1994) 1995 1995 1995 1994 Budget -Actual Variance Actual EXPENDITURES (CONTINUED) Economic Assistance: Community development $ 398.230 $ 315.672 $ 82,558 $ 192.510 Miscellaneous: Other 698,579 609.763 88.816 496,543 Building rents 360,021 360.021 0 295.357 Total Miscellaneous 1.058,600 969.784 88.816 791.900 Capital Outlay: Computer services 733.472 657.716 75.756 628.222 Equipment 55.791 57.177 (1.386) 752.196 Crime control and investigations 12,000 10.716 1,284 25.695 Regional forensic laboratory 0 995 (995) 17.672 Communication system development 0 1.000 (1.000) 155.908 Criminal Justice 340.000 251.585 88.415 0 Correctional administration 42.800 8.005 34.795 17.533 County Coroner 0 2.017 (2.017) 0 Community correction 0 2.757 (2.757) 0 Office of.emergency management 0 0 - 0 2,500 Veterans Office 0 1,892 (1.892) 0 Community development 1,211.986 1,084.782 127.204 1.278.783 Total Capital Outlay 2.396,049 2,078,642 .317.407 -2:878.509 Debt Service: Capital lease 151.567 154.507 (2.940) 181.228 Other - 0 0 - 0 105.596 Total Debt Service 151.567 154.507 (2.940) 286.824 Total Expenditures 28.930.463 28.116.346 814.117 29,506.759 Other Financing Sources (Uses): Operating Transfers - In: Non-Departmental 311.363 311,363 0 1.865,000 Operating Transfers - Out: Appropriation Grants-In-Aid (963,424) (963.424) 0 (739,692) Capital lease - 0 0 0 693.650 Total Other Financing Sources(Uses) (652.061) (652.061) 0 1.818.958 Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses (1.377.680) (545.009) 832,671 551,500 Fund Balance at Beginning of Year 1;816.605 1.816.605 0 1.265.105 Fund Balance at End of Year $ 438,925 $ 1,271,596 $ 832.671 $ 1.816,605 65 at ,o, Tv? , iv., Wilk COLORADO 66 SPECIAL, REVENUE FUNDS plios rri = S krage thieW 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, 1995 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 "EmergencyReserve" 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 DOL, HHS and CSA. Solid Waste Fund: This fund accounts for revenue received from a surcharge on dumping fees at solid waste disposal sites for the purpose of combating environmental problems and for further improvement and development of landfill sites within the County. Housing Authority Fund: The Housing Authority Fund accounts for various federal housing grants. The primary funding agency is HUD. 68 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Combining Balance Sheet December 31. 1995 (With comparative totals for December 31, 1994) Social Conservation Public Works Services Trust Contingent Emergency Fund Fund Fund Fund Fund ASSETS Cash and short-term investments $ .5.136.742 $ 2,551,439 $ 78,146 $ 4.153,654 E 36,217 Receivables (net of allowance for uncollectibles): Current property taxes 2.656.475 -4,160.175 0 1,052.257 1.798.570 Delinquent property taxes 14.828 7.078 0 7,260 4,034 Accounts 396,659 7,362 0 0 0 Special assessment 221.608 0 0 0 0 Due from other County funds 653.719 0 0 0 0 Due from other governmental units 32.694 30.352 0 0 - 0 Advances to other funds 0 0 0 0 0 Inventories 538,045 2.077.144 0 0 0 Other assets 0 8,286 0 0 0 Total Assets $ 9.650,770 $ 8.841,836 $ 78,146 $ 5,213,171 $ 1.838.821 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 424.607 $ 613.556 $ 0 $ 0 $ 0 Due to other County funds 267.683 34.252 4.813 25.621 30,462 Due to other governments 0 0 0 0 0 Accrued liabilities 149.776 187,284 0 0 0 Other liabilities 0 64.664 0 0 0 Deferred revenue 2.838,530 4.983.320 0 1.060,354 1.804.034 Unexpended grant revenue 0 2.077,144 0 0 0 Advances from other funds 0 0 0 0 0 Total Liabilities 3,680.596 7.960.220 4.813 1.085,975 1.834.496 Fund Balances: Reserved for encumbrances 486.576 0 0 0 0 Reserved for other assets o 8.286 -0 0 0 Reserved for inventories 538,045 0 0 0 0 Reserved for emergencies 0 0 0 0 800.000 Reserved for advances to other funds 0 0 -0 0 0 Reserved for claims 0 0 0 3.986.350 0 Unreserved: Designated for future years' expenditure 750,000 0 0 0 0 Undesignated 4,195,553 873.330 73,333 140.846 (795.675) Total Fund Balances 5,970,174 881.616 73.333 4.127.196 4.325 Total Liabilities and Fund Balances $ 9.650,770 $ 8.841,836 $ 78.146 $ 5.213.171 $ 1.838.821 69 Public Human Housing Totals Health Services Solid Waste Authority Fund Fund Fund Fund 1995 1994 $ 45,489 $ 325.359 $ 95,361 $ 354,269 $ 12,776,676 $ 12.391.679 0 0 0 0 9.667.477 5.211.349 0 0 0 0 33,200 40,567 344,851 289.317 137,285 3.996 1,179.470 1.164,874 0 0 0 0 221.608 289.491 3,098 33,211 0 722 690.750 520.788 0 564.532 0 0 627,578 595.848 0 0 75,000 0 75,000 995,440 38.619 303,439 0 0 2,957,247 3,009.482 661 80 0 124.523 133.550 110.273 $ 432.718 $ 1.515.938 $ 307.646 $ 483.510 $ 28.362.556 $ 24,329.791 $ 71,141 $ 82.951 $ 79 $ 9.746 $ 1.202.080 $ 1,584.592 525 7,478 27,082 21 397.937 346,339 0 0 0 82.509 82,509 307,255 95.264 235.495 794 5.816 674.429 626,158 0 54.689 0 0 119.353 56.105 54.086 0 75.000 0 10.815.324 6.068.665 0 399,420 0 0 2,476.564 2.584.339 0 0 0 0 0 920.440 221.016 780,033 102.955 98,092 15,768.196 12,493.893 3,299 250,922 0 0 740.797 1,340,539 660 80 0 124.523 133.549 109,573 38,619 0 0 0 576.664 521.145 0 0 0 0 800,000 800.000 0 0 75,000 0 75,000 995.440 0 0 0 0 3,986.350 4,335.071 0 0 0 0 750.000 1.148.051 169.124 484.903 129,691 260,895 5,532,000 2,586,079 211.702. 735.905 204.691 385,418 12.594,360 11,835.898 $ 432.718 $ 1.515,938 $ 307.646 $ 483,510 $ 28.362,556 $ 24,329.791 70 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, 1995 (With Comparative totals for the fiscal year ended December 31. 1994) • Social Conservation Public Works Services Trust Contingent Emergency Fund Fund Fund Fund Fund Revenues: Taxes $ 5.298.557 $ 410,959 $ 0 $ 1,015.272 $ 1.201,689 Licenses and permits 246,545 0 0 0 0 Intergovernmental 10.044.878 24,732,623 317,834 0 0 Charges for services 419,211 0 0 0 0 Miscellaneous 127.733 722 2 0 0 Total Revenues 16.136,924 -25.144.304 317.836 1,015.272 1.201,689 Expenditures: Public works 13.779.780 0 0 0 0 Public health and welfare 0 27.311,197 0 0 0 Culture and recreation 0 0 233,484 0 0 Economic assistance 0 0 0 0 0 Other professional services 0 0 0 0 0 Capital outlay 22.892 182.958 93.678 0 0 Intergovernmental 522.232 0 0 0 0 Total Expenditures 14,324.904 27,494.155 327,162 0 0 Excess (Deficiency) of Revenues Over (Under) Expenditures 1.812.020 (2.349.851) (9,326) 1,015.272 1.201.689 Other Financing Sources (Uses): Operating transfers - in 0 3,560.440 0 0 1.700.000 Operating transfers - out (150.000) 0 0 (1,758.862) (3.879.492) Total Other Financing Sources (150.000) 3,560,440 0 (1,758.862) (2.179.492) Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses 1.662,020 1,210.589 (9,326) (743.590) (977,803) Fund Balances at Beginning of Year 4,308.154 (328,973) 82,659 4.870.786 982,128 Fund Balances at End of Year $ 5.970.174 $ 881,616 $ 73.333 $ 4.127,196 $ 4.325 71 Public Human Housing Totals Health Services Solid Waste Authority Fund Fund Fund Fund 1995 1994 $ 0 $ 0 $ 0 $ 0 $ 7,926.477 $ 10,171,550 472 0 0 0 247,017 400,975 1.103,458 6.405,458 0 2,050,412 44,654,663 -41,839,040 1,023,925 676,445 -901,096 0 3,020,677 3,015,405 6,254 229,980 0 9,491 374,182 430,040 2,134.109 7,311,883 901.096 2.059,903 56,223,016 55.857,010 0 0 0 0 13.779.780 12.631.647 3,232,836 0 0 0 30.544,033 31.870.098 0 0 0 0 233.484 218,012 0 7.157.086 0 1.809.931 8,967.017 8.965,625 0 0 870.734 0 870.734 493,716 83,806 268.835 319;917 10,698 982,784 562,332 0 0 0 0 522,232 678.046 3,316.642 7.425,921 1,190.651 1.820,629 55,900,064 55.419.476 (1.182.533) (114.038) (289;555) 239,274 322,952 437,534 951.073 12,351 0 0 6.223.864 739,692 0 0 0 0 (5.788.354) (2.440.000) 951.073 12,351 0 0 435.510 (1.700.308) (231,460) (101.687) (289.555) 239,274 758,462 (1,262.774) 443.162 837,592 494,246 146.144 11,835;898 13,098,672 $ 211.702 $ 735.905 $ 204.691 $ 385,418 $ 12.594,360 $ 11,835.898 72. 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. 1995 (With Comparative actual for the fiscal year ended December 31, 1994) 1995 1995 1995 1934 Budget Actual Variance Actual REVENUES Taxes: General -property taxes $ 2.616.936 $ 2,610,856 $ (6.080) $ 3.123,081 Specific ownership taxes 2,025,000 2.680,998 655.998 2.332,224 Penalties & interest 0 6,703 6,703 6,777 Total Taxes 4.641,936 5.298.557 656,621 5,462.082 Licenses and Permits: Moving permits 240,000 246.545 6,545 359.805 Intergovernmental: Mineral leasing 82,800 49.747 (33.053) 53.933 Grazing act 50.000 29.698 (20.302) 28,358 Payment in lieu of taxes 10.000 25,248 15,248 10,057 Grant 641.500 509,332 (132,168) 291.500 Motor vehicle registration fees 245,000 266.528 21.528 261,741 Highway user tax fund 7.851,800 9.164.325 1.312,525 7,044,457 Total .Intergovernmental 8,881.100 10.044.878 1,163.778 7.690.046 Charges for Services: Charges for services 14.000 419,211 405.211 501.126 Miscellaneous: Earnings on deposits 20,000 26,528 6.528 36.255 Special assessments 0 63,978 63,978 1)4,018 Other 836.000 37,227 (798.773) 70.223 Recovery of losses 1.000 0 (1,000) 1.203 Total Miscellaneous 857.000 127.733 (729.267) 211.699 Total Revenues $ 14.634,036 $ 16,136,924 $ 1.502.888 $ 14.264,758 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. 1995 (With Comparative actual for the fiscal year ended December 31, 1994) 1995 1995 1995 1994 Budget Actual Variance Actual EXPENDITURES Public Works: Bridge construction $ 1,458,842 $ 1.275.097 $ 183.745 $ 1,2:7,739 Maintenance of condition 2,014.323 2.026.819 - (12.496) 2,2":8.244 Maintenance support 1,118.666 982.777 135.889 992,196 Trucking division 2.313,850 2,361,141 (47,291) 1,232.829 Mining division 1,500 6,421 (4,921) 914,302 Administration 452,639 383.304 69.335 298.601 Other public works 9.236.328 6,744,221 2.492.107 5,757,736. Total Public Works 16,596,148 13,779,780 2,816.368 12,61,647 Intergovernmental: Grants-in-aid to cities/towns 547,354 522,232 25.122 678,046 Capital Outlay: Maintenance Support 0 1,118 (1.118) 2:485 Administration 25.000 21,774 -3.226 35:840 Total Capital Outlay 25,000 22.892 2.108 38,325 Total Expenditures 17.168,502 14,324.904 2.843,598 13.348.018 Other Financing Sources (Uses): Operating Transfers - Out: Other public works (150,000) (150;000) 0 0 Total Other Financing Sources(Uses) (150,000) (150,000) 0 0 Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses (2,684.466) 1.662.020 4.346,486 916.740 Fund-Balances at Beginning of Year 4,308,154 4,308,154 0 3.391,414 Fund.Balances at End of Year $ 1,623.688 $ 5.970,174 $ 4,346.486 $ 4,308.154 • 74 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, 1995 (With Comparative actual for the fiscal year ended December 31. 1994) 1995 1995 1995 1994 Budget Actual 'Variance Actual REVENUES Taxes: General property taxes $ -403.949 $ 408.847 $ 4.898 $ 2.579,382 Penalties & interest 0 2.112 2,112 5,535 Total Taxes 403,949 410.959 7.010 2.584.917 Intergovernmental: Federal grants 83.300 56,834 (26.466) 90.217 Welfare (5S) 27,124,584 24.675,789 (2.448,795) 24.711.901 Total Intergovernmental 27.207.884 24.732.623 (2,475,261) -24,802.118 Miscellaneous: Earnings on deposits 0 722 722 2,640 Total Miscellaneous 0 722 722 2.640 Total Revenues 27.611.833 25.144,304 (2.467.529) 27.389,675 EXPENDITURES Public Health and Welfare: Non-Departmental 0 (3.028) 3.028 (80.695) Administrative - regular 4.437.603 4.402,379 35,224 3.824.947 Administrative - IV-D 910,211 791.971 118.240 8C7.809 Institutional care 215.284 214.025 1.259 210.565 Food stamps 7,000,000 -8:273:868 (1.273.868) 8,758.480 Jobs - IV-F 299,680 253,669 46.011 280,271 Employment first 117,150 131.208 (14.058) 101.526 General assistance 132.000 121,529 10.471 109,706 AFDC 7.056.625 4,332.113 2.724.512 5.789.038 AND - State 525.300 436,820 88.480 418.914 Child Welfare 3,500.400 2,843.655 656.745 2.993,259 Day care 3.706,377 2.655,473 1,050.904 3.052.236 Medicaid transportation 9:450 9.634 (184) 6.134 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. 1995 (With Comparative actual for the fiscal year ended December 31. 1994) 1995 1995 1995 1994 Budget Actual Variance Actual EXPENDITURES (CONTINUED): Non-contractual case services $ 10,500 $ 35,402 $ (24,902) $ 15.599 OAP - A 1,748.900 1,584,705 164.195 1.555.564 Placement alternative care 486,100 483.738 2,362 403.789 Staff development 9,000 6.137 2,863 1,037 Medical examinations -9,100 5.997 3,103 6,456 Administrative - LEAP 69.443 55,130 14,313 45,873 Administrative - LEAP outreach 17.000 24.233 LEAP - regular (7.233) 24,304 LEAP - emergency 1.000.000 572,870 427,130 641.085 15,000 11.847 3.153 9.097 FEMA 83.300 67,822 15,478 85.008 Total Public Health and Welfare 31.358,423 27,311,197 4,047.226 29,060,002 Capital Outlay: Aministrative - regular 13.850 182.958 (169.108) 685 Total Capital Outlay 13,850 182,958 (169.108) 685 Total Expenditures 31.372.273 27,494.155 3,878.118 29.060,687 Other Financing Sources (Uses): Operating Transfers - In: Non-Departmental 3,560.440 3.560.440 0 0 Total Other Financing Sources 3.560.440 3.560.440 0 0 Excess.of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses (200,000) 1.210.589 1.410.589 (1.67]..012) Fund Balances at Beginning of Year (328.973) (328,973) 0 1.342,039 Fund Balances at End of Year $ (528,973) $ 881.616 $ 1.410.589 $ (328.973) 76 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. 1995 (With Comparative actual for the fiscal year ended December 31. 1994) 1995 1995 1995 1994 Budget Actual Variance Actual REVENUES Intergovernmental: State lottery $ 345,000 $ 317.834 $ (27.166) $ 205,534 Miscellaneous: Earnings on deposits 2.000 2 (1,998) 599 Total Revenues 347.000 317,836 (29,164) 206.133 EXPENDITURES Culture and Recreation: Land improvements 233,484 233.484 0 218,012 Capital Outlay: Land improvements 200.500 93.678 106.822 16.769 Total Expenditures 433,984 327.162 106.822 234.781 Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses (86.984) (9.326) 77.658 (28.648) Fund Balances at Beginning of Year 82,659 82.659 -0 111.307 Fund Balances at End of Year $ (4.325) $ 73.333 $ 77,658 $ 82.659 77 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. 1995 (With Comparative actual for the fiscal year ended December 31. 1994) 1995 1995 1995 1994 Budget Actual Variance Actual REVENUES Taxes: General property taxes $ 1,014,034 $ 1.012,570 $ (1.464) $ 1.718.630 Penalties & interest 0 2,702 2.702 3.793 Total Revenues 1.014,034 1.015.272 1,238 1.722.423 EXPENDITURES 14,034 0 14.034 0 Other Financing Sources (Uses): Operating Transfers - Out: Other (1.758.862) (1.758.862) 0 (1.820.000) Total Other Financing (Uses) (1.758.862) (1.758.862) 0 (1.820.000) Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses (758.862) (743.590) 15,273 (97,577) Fund Balances at Beginning of Year 4.870.786 4,870.786 0 4.9E8,363 Fund Balances at End of Year $ 4.111.924 $ 4.127,196 $ 15,273 $ 4.870.786 78 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. 1995 (With Comparative actualfor the fiscal year ended December 31, 1994) 1995 1995 1995 1994 Budget Actual Variance Actual REVENUES Taxes: General property taxes $ 1,205,000 $ 1.199.301 $ (5,699) $ 401,312 Penalties & interest 0 2,388 2,388 816 Total Revenues 1,205.000 1,201.689 (3.311) 402,128 EXPENDITURES 0 0 0 _0 Other Financing Sources (Uses): Operating Transfers - In: Non-Departmental 1,700.000 1,700,000 0 _0 Operating Transfers - Out: Other (479,492) (3.879.492) (3;400,000) (620.000) Total Other Financing Sources(Uses) 1.220.508 (2,179,492) (3.400,000) (620.000) Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses 2.425.508 (977.803) (3;403.311) (217.872) Fund Balances at Beginning of Year 982.128 982,128 0 1,200.000 Fund Balances at End of Year $ 3,407,636 $ 4,325 $ (3.403.311) $ 982.128 79 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. 1995 (With Comparative actual for the fiscal year ended December 31. 1994) • 1995 1995 1995 1994 Budget Actual Variance Actual . REVENUES Licenses and Permits: Health licenses $ 750 $ 472 $ (278) $ 1.170 Intergovernmental: - State grants 976.008 1.081.654 105.646 1.030,402 Miscellaneous 10.500 21.804 11.304 26,121 Counties 936,120 _0 (936.120) 0 Total Intergovernmental 1.922.628 1.103.458 (819.170) 1.056,523 Charges for Services: Charges for services 403.930 404.290 360 397.333 Vital statistics 101.000 83.838 (17.162) 68.253 Protective inspection fees 42.300 48.117 5,817 46.487 Clinic fees -412.150 278.337 (133,813) 283.719 Septic 147,000 142.620 (4.380) 154,190 Water 98.800 66.723 (32.077) 78,084 Total Charges for Services 1,205.180 1.023.925 (181,255) 1.028.066 Miscellaneous: • Miscellaneous 0 3 3 8 Sale of assets 0 0 0 0 Other 0 0 0 9,618 Donations 0 6,251 6,251 3.488 Total Miscellaneous 0 6.254 6.254 13.114 Total Revenues 3.128,558 2.134.109 (994.449) 2.098.873 EXPENDITURES Public Health and Welfare: Public health administration (604) 43.492 (44.096) 155.054 Health Education 290,804 274.052 16.752 9.554 Nursing 2.106.584 1.971,366 135.218 1.690.774 Environmental health 1.074.901 943.926 130.975 954.714 Total Public Health and Welfare 3.471.685 3.232,836 238,849 2.810.096 Capital Outlay: Administration 63.600 61.090 2.510 21.979 Nursing 10,000 9.389 611 27.862 Environmental health 21.925 13.327 8.598 21.419 Total Capital Outlay 95.525 83,806 11.719 71.260 Total Expenditures 3.567.210 3.316.642 250,568 2.881,356 Other Financing Sources (Uses): Operating Transfers . In: Non-Departmental 0 951.073 951.073 727.341 Total Other Financing Sources 0 951.073 951.073 727.341 Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses (438.652) (231.460) 207.192 (55.142) Fund Balances at Beginning of Year 443,162 443.162 0 498,304 Fund Balances at End of-Year $ 4.510 $ 211.702 $ 207.192 $ 443,162 80 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. 1995 (With Comparative actual for the fiscal year ended December 31, 1994) 1995 1995 1995 1994 Budget Actual Variance Actual REVENUES Intergovernmental: Federal grants $ 6.065,170 $ 5.559.427 $ (505,743) $ 5.169.149 Other 8,500 7,894 (606) 72,980 State grants 2.610.002 :838,137 (1.771.865) 1,007,604 Total Intergovernmental 8,683.672 6.405.458 (2,278.214) 6,249.733 Charges for Services Charges for services 509.525 676,445 166.920 607,996 Miscellaneous: Donations from private sources 109,500 126.066 16,566- 108.350 Welfare diversion 200.000 87.211 (112.789) 87.453 Sale of Assets 0 16.703 16.703 0 Total Miscellaneous 309,500 229,980 (79:520) 195.803 Total Revenues 9.502.697 7.311.883 (2,190.814) 7,053,532 EXPENDITURES Economic Assistance: JTPA technical assistance 18:028 17.783 245 0 JTPA performance incentive 70.000 61.623 8.377 37.953 JTPA 8% education coordination17:946 13.935 4.011 33.109 JTPA older workers 37.500 40.023 (2.523) 28.793 Non-trade jobs 8.558 899 7,659 11,996 JTPA IIA 350.000 281.185 68.815 277.016 JTPA IIC 250.000 220,207 29,793 215.739 EDWAA 10% displaced worker 131,285 196.116 (64.831) 64.979 EDWAA 10% displaced homemaker 26.297 10.292 16.005 21.090 EDWAA 40% displaced worker 20,000 748 19.252 0 JTPA basic 413.191 252.980 160,211 406.685 JTPA IIA basic 50,000 32,406 17,594 35.745 Job service 198,287 181,177 17.110 219,897 Grants 7,500 10.000 (2,500) 5,500 Employment first 120,000 104.598 15,402 97.051 U.I. training program 50,000 44,072 5,928 45.754 Jobs/New directions program 123,916 133.781 (9,865) 126.238 State - pre-school 219.525 266.925 (47.400) 221,624 Head start 2,077.584 1,651.868 425,716 1.467.745 Head starthandicap 27,000 0 27,000 0 Head start T & TA 25.000 20,356 4.644 16.276 Migrant hdst/day care basic 2.050,154 1.296.021 754.133 1.053.350 CSBG 165,000 139.161 25,839 153.961 Migrant head start-handicap 34.000 0 34.000 1,620 Migrant headstart T & T A 26,000 6.008 19,992 12,807 Supplemental foods 1.565,000 946.287 618.713 1.016.995 Urban mass-transportation adm 47.000 38.989 8.011 32.053 DOE weatherization 11,700 13,050 (1.350) 7.830 CDBG ESG 16.600 16.586 14 2.950 AAA elder abuse 3,000 3,439 (439) 894 HCBS 220.000 206.528 13.472 153.749 OAA-area agency 46.500 47,614 (1.114) 46,407 OAA title III-B 92,445 92,408 -37 90.911 AAA case management 5.000 1.326 3,674 820 AAA legal aid IIB 30,000 11.155 18,845 17.203 AAA ombudsman 23,570 22.689 881 29.336 81 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, 1995 (With Comparative actual for the fiscal year ended December 31. 1994) 1995 1995 1995 1994 ' Budget Actual Variance Actual EXPENDITURES (CONTINUED): OAA title III C-I congregate $ 285.000 $ 293.757 $ (8,757) $ 295,052 OAA title III-C 60,000 69,939 (9.939) 76.393 OAA in home supoort 4.700 1.175 3;525 587 Title IV training 9.500 1,863 7,637 8.394 Human resources general fund 300,000 303.569 (3.569) 437,837 Transportation 0 277 (277) 0 Client wage pool 6.000 0 6.000 5.066 Welfare diversion/County reimb 0 0 0 27,143 OAA Legal Aide IIB 231.502 -0 231,502 0 General administration allocation 0 0 0 (584) Human resources lab pool 120.000 104.271 15,729 100,592 Total Economic Assistance 9,594.288 7,157.086 2.437.202 6,904,556 Capital Outlay: JTPA EDWAA 40X 0 19.252 (19.252) 0 Employment First 0 19.250 (19,250) 0 State - pre-school 0 0 0 914 Head start 0 0 0 99,816 Migrant hdst/day care basic 0 23.593 (23,593) 131 CDBG 0 0 0 3.723 Supplemental foods 0 2,466 (2,466) 4 FTA 0 13.760 (13.760) 0 OAA title III C-I congregate 0 0 0 664 Human resources general fund 0 (6,203) 6.203 4.126 Transportation 200,000 179.677 20,323 0 General administration allocation 0 0 0 584 HRD Lab Pool 30,000 17,040 12.960 0 Total Capital Outlay 230.000 268.835 (38.835) 109.962 Total Expenditures 9,824,288 7.425,921 2,398.367 7,014.51E. Other Financing Sources (Uses): Operating Transfers - In: OAA area agency 12.351 12,351 0 12,351 Total Other Financing Sources 12,351 12.351 0 12,351 Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses (309,240) (101.687) 207.553 51.365 Fund Balances at Beginning of Year 837,592 837.592 0 786,227 Fund Balances at End of Year $ 528.352 $ 735.905 $ 207.553 $ 837.592 82 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. 1995 (With Comparative actual for the fiscal year ended December 31. 1994) 1995 1995 1995 1994 Budget Actual Variance Act Jal REVENUES Charges for Services: Landfill surcharge $ 900,000 $ 901.096 $ 1,096 $ 878.217 Total Revenues 900,000 901.096 1.096 878.217 EXPENDITURES Miscellaneous: Other 827.728 804,217 23,511 433.576 Miscellaneous 0 0 0 450 Code enforcement 72.272 66,517 5,755 59,690 Total Miscellaneous 900,000 870.734 29.266 493.716 Capital Outlay: Code enforcement 356.880 319.917 36.963 316.939 Total Expenditures 1,256.880 1,190.651 66,229 810,655 Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses (356.880) (289.555) 67.325 E7,562 Fund Balances at Beginning of Year 494.246 494.246 0 426.684 Fund Balances at End of Year $ 137,366 $ 204.691 $ 67.325 $ 494.246 83 COUNTY OF WELD STATE OF COLORADO Special Revenue Funds Housing Authority Fund Statement of Revenues. Expenditures and Changes in Fund Balances - Budget and Actual For the fiscal year ended December 31, 1995 • (With Comparative actual for the fiscal year ended December 31, 1994) 1995 1995 1995 1994 Budget Actual Variance Actual REVENUES Intergovernmental: Federal grants $ 2,288,732 $ 2,019,965 $ (268.767) $ 1,808.333 CDBG loan proceeds 100,000 30,447 (69.553) 26,752 Other 0 0 0 1 Total Intergovernmental 2,388,732 2,050.412 (338.320) 1.825.086 Miscellaneous: Earnings on deposits 163.400 9,491 (153.909) 6,185 Total Revenues 2,552.132 2,059,903 (492,229) 1,841.271 EXPENDITURES Economic Assistance: Other 163.400 0 163,400 -0 Administrative 93.300 116.610 (23.310) 80.814 Housing assistance 682,368 648,186 34.182 633.130 Housing vouchers preliminary 0 0 0 5,649 Housing voucher administrative 105.650 93,536 12,114 104,215 Housing voucher payments 919.704 846,675 73,029 784,451 Housing preservation grant-admin. 14,725 10,844 3,881 0 Housing preservation grant 75,000 39,755 35,245 41,863 Housing development grant 0 0 0 3.567 CDBG direct administrative 36.125 0 36.125 13.466 CDBG contract payments • 100.000 7.293 92.707 62.871 Home general administration 0 0 0 3,670 Home rental rehabilitation 357,000 47,032 309,968 312.373 Total Economic Assistance 2,547.272 1,809.931 737.341 2.061.069 Capital Outlay: Administrative 2,200 5,410 (3,210) 7,166 Housing vouchers preliminary 0 0 0 1.226 Housing voucher administrative 2.500 5.288 (2.788) 0 • Total Capital Outlay 4.700 10.698 (5.998) 8.392 Total Expenditures 2.551,972 1,820,629 731,343 2.069,461 Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses 160 239.274 239,114 (228.190) Fund Balances at Beginning of Year 146.144 146,144 0 374,334 Fund Balances at End of Year $ 146.304 $ 385.418 $ 239,114 $ 146.144 84 Ville COLORADO 85 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. 1995 Capital Expenditures Fund: This fund accounts for various capital improvement projects on County property. 86 COUNTY OF WELD STATE OF COLORADO Capital Projects Fund Capital Expenditures Fund Comparative Balance Sheets December 31, 1995 and 1994 • 1995 1994 ASSETS Assets: Cash and short-term investments $ 3.885.774 $ 621,886 Receivables (net of allowance for uncollectibles): Current property taxes 1.473,093 3,921,951 Delinquent property taxes 12,934 3.405 Accounts 48.121 3.645 Due from other County funds 4.813 61.107 Total Assets $ 5,424,735 $ 4,611,994 LIABILITIES AND FUND BALANCE Liabilities: Accounts payable $ 44.997 $ 73.678 Due to other County funds 99.653 354,232 Deferred revenue 1.487.199 3.946.854 Total Liabilities 1.631.849 4.374.764 Fund Balance: Reserved for encumbrances 1.700 99.375 Reserved for emergencies 3,700,000 0 Unreserved: Undesignated 91.186 137.855 Total Fund Balance 3.792.886 237,230 Total Liabilities and Fund Balance $ 5.424,735 $ 4.611.994 87 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. 1995 (With Comparative actual for the fiscal year ended December 31. 1994) 1995 1995 1995 1994 Budget Actual Variance Actual REVENUES Taxes: General property taxes $ 3,943.449 $ 3.922.732 $ (20.717) $ 599.589 Penalties & interest 0 7,935 7.935 1,213 Total Taxes 3.943.449 3.930,667 (12.782) 600.802 Miscellaneous: Earnings on deposits 0 101.202 101.202 22.040 Miscellaneous 0 785 785 610 Total Miscellaneous 0 101.987 101.987 22,650 Total Revenues 3.943.449 4.032.654 89.205 623.452 EXPENDITURES Capital Outlay: Buildings 4.239,375 543,549 3.695.826 1,573.741 Total Expenditures 4.239.375 543.549 3.695.826 1.573.741 Other Financing Sources (Uses): Operating Transfers - In: Non-Departmental 66.551 66,551 0 5:0.000 Total Other Financing Sources 66.551 66,551 0 520,000 Excess of Revenues and Other Financing Sources Over (Under) Expenditures and Other Financing Uses (229.375) 3.555.656 3.785.031 (450,289) Fund Balance at Beginning of Year 237.230 237.230 0 687,519 Fund Balance at End of Year $ 7.855 $ 3.792,886 $ 3.785,031 $ 237.230 88 Wilk COLORADO 89 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, 1995 Ambulance Fund: This fund account for the ambulance sen'ices provided to Weld County. 90 COUNTY OF WELD STATE OF COLORADO Enterprise Fund. Ambulance Fund Comparative:Balance Sheets December 31, 1995 and 1994 1995 1994 ASSETS Current Assets: Cash and short-term investments $ 0 $ 149,716 Receivables (net of allowance for uncollectibles): Accounts - -ambulance services 406,655 309.578 Accounts - other 1,238 1.238 Due from other County funds 588 19.030 Other assets 174 - 96 Total Current Assets 408.655 479.658 Fixed Assets: Land 48,496 48,496 Improvements other than buildings 21,461 21,461 Buildings 648.234 648,234 Machinery and equipment 719.975 596.534 Accumulated depreciation (378.847) (394.782) Total Fixed Assets 1.059.319 919.943 Total Assets $ 1.467.974 $ 1.399.601 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts payable $ 20,954 $ 13.088 Due to-other County funds 40,952 4.299 Accrued liabilities 137.993 128,333 Total Current Liabilities 199.899 145.720 Fund Equity: Contributed capital 118,716 126,264 Retained earnings 1.149,359 1.127,617 Total Fund Equity 1,268,075 1.253,881 Total Liabilities and Fund Equity $ 1.467.974 $ 1,399.601 91 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. 1995 (With Comparative actual for the fiscal year ended December 31, 1994) 1995 1995 1995 1994 Budget Actual Variance Actual Operating Revenues: Charges for services $ 0 $ - 0 $ 0 $ 8.136 Rescue unit fees 3,130.943 3.091.130 (39.813) 2.518.652 Total Operating Revenues 3.130.943 3.091.130 (39.813) 2.526,788 Operating Expenses: Bad debt expense 821.742 1.062.863 (241.121) 818.242 Personnel services 1.245.240 1.295.608 (50.368) 1.2E7.332 Supplies 127,400 185.677 (58.277) E4.605 Purchased services 238.050 247.005 (8.955) 218,421 Depreciation 160.000 153.826 6.174 129.161 Other 219,609 215.552 4.057 178,239 Capital outlay 10,000 7,320 2.680 0 Total Operating Expenses 2,822.041 3.167,851 (345,810) 2.616.000 Operating Income (Loss) 308.902 (76.721) (385.623) (119.212) Nonoperating Revenues: State grants 13,000 12.391 (609) 0 Earnings on deposits 0 22,008 22.008 17.847 Donations 0 7,320 7.320 '15.445 Other 0 42,744 42,744 3.397 Sale of assets 0 14.000 14.000 5.600 Total Nonoperating Revenues 13,000 98,463 85.463 L2,289 Net Income (Loss) 321.902 21.742 (300.160) (116.923) Retained Earnings at Beginning of Year 1.127.617 1,127.617 0 1.2/.4,540 Retained Earnings at End of Year $ 1.449.519 $ 1.149.359 $ (300.160) $ 1.127.617 92 4f(t91 :r Wilk COLORADO 93 INTERNAL SERVICE FUNDS ill, Internal Service Funds are established to account for goods and services provided to other departments of the County on a cost-reimbursement basis. COUNTY OF WELD STATE OF COLORADO INTERNAL SERVICE FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1995 Motor Vehicle Fund: This fund accounts for the revenue and costs generated by equipment and vehicles rented to the Public Works Fund and to various departments of other County funds. Health Insurance Fund: This fund accounts for the County's self-insured dental and vision coverage. Revenue is generated from contributions from the employees of the County. Disbursements are made after insured claims have been verified and approved. • Printing and Supply Fund: This fund accounts for revenue and costs associated with providing printing services and the supply and stores function of the County. Computer Services Fund: This fund accounts for all data processing services provided to the County and other agencies on a cost-reimbursement basis. Insurance Fund: This fund accounts for all insurance costs for the County',except health insurance. The_program is a combination of insured risks and protected self-insurance risks. • Phone Services Fund: This fund accounts for all phone costs provided to the County and other outside agencies on a cost-reimbursement basis. Weld Finance Corporation: This fund acquires real estate and constructs buildings for the use of County departments. 94 COUNTY OF WELD STATE OF COLORADO Internal Service Funds Combining Balance Sheet December 31, 1995 (With comparative totals for December 31, 1994) Motor Health Printing & Vehicle Insurance Supply Fund Fund Fund ASSETS Current Assets: Cash and short-term investments $ 1,805 $ 116,696 $ 9,057 Receivables (net of allowance for uncollectibles): Current property taxes 0 0 0 Delinquent property taxes 0 0 0 Accounts 60.943 6,353 3.467 Due from other County funds 203.903 20 0 Advance to other County funds 0 0 0 Inventories 13.315 0 110,792 Other assets 0 0 0 Total Current Assets 279.966 123,069 123.316 Fixed Assets: Land 1.336.667 0 C Improvements other than buildings 231.354 0 C Buildings 2.785,341 0 C Machinery and equipment 14,197,557 0 14.57C Accumulated depreciation (8.581.944) 0 (10.795) Total Fixed Assets 9.968,975 0 3.775 Total Assets $ 10.248,941 $ 123,069 $ 127.091 LIABILITES AND FUND EQUITY Current Liabilities: Accounts payable $ 90.200 $ 2.848 $ 827 Due to other County funds 34 5.625 7,528 Accrued liabilities 2,585 0 3.459 Deferred revenue 0 0 0 Long term debt 0 0 0 Total Current Liabilities 92.819 8,473 11.814 Fund Equity: Contributed capital 7.739:439 0 120.945 Unreserved retained earnings 2,416.683 114.596 (5,668) Total Fund Equity 10.156,122 114,596 115,277 Total Liabilities and Fund Equity $ 10.248,941 $ 123,069 $ 127.091 95 Phone Weld Totals Insurance Services Finance Fund Fund Corporation 1995 1994 $ 1.444.138 $ 4,127 $ 240.873 $ 1.816.696 $ 2,341,327 549.563 0 0 549.563 547,003 2.945 0 0 2.945 2.984 20.078 6.671 0 97,512 72,359 950 3.513 0 208.386 187.032 0 0 0 0 0 0 0 0 124,107 116,445 72.820 0 0 72.820 44.738 2.090.494 14,311 240.873 2.872.029 3.311.888 0 0 0 1.336.667 1.353.934 0 0 0 231.354 231.354 0 0 1.978.946 4,764.287 4,728.021 0 568.268 0 14.780.395 14.082.711 0 (413,505) (583.950) (9.590.194) (9.588.212) 0 154,763 1.394.996 11.522.509 10,807,808 $ 2.090.494 $ 169.074 $ 1.635.869 $ 14.394,538 $ 14.119,696 $ 167 $ 12.263 $ 150 $ 106.455 $ 318.095 13.895 18 0 27.100 62.882 564.809 14,515 0 585.368 570.388 552,945 0 0 552.945 552,984 0 0 1,760.134 1,760,134 1,926.891 1,131.816 26.796 1.760,284 3,032.002 3.431,240 0 130,948 0 7,991,332 7.948.300 958.678 11,330 (124,415) 3,371,204 2.740.156 958.678 142.278 (124.415) 11.362.536 10.688,456 $ 2,090,494 $ 169,074 $ 1.635.869 $ 14.394.538 $ 14,119,696 96 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. 1995 (With Comparative totals for the fiscal year ended December 31, 1994) Motor Health Printing & Vehicle Insurance Supply Fund Fund Fund Operating Revenues: Contributions $ 0 $ 161,926 $ 0 Rental income 0 0 0 Charges for services 3,487,749 0 322.138 Total Operating Revenues 3.487,749 161,926 322.138 Operating Expenses: Personnel services 40.150 0 47.7:.9 Supplies 379.640 0 134.476 Purchased services 1.723,484 2,742 54.125 Insurance and bonds 0 0 0 Depreciation 1,318,542 0 1,178 Other 51,160 0 66.915 Claims 0 139,238 0 Bad Debts 0 0 0 Total Operating Expenses 3.512.976 141.980 304.413 Operating Income (Loss) (25.227) 19.946 17.725 Nonoperating Revenues (Expenses): Taxes 0 0 0 Miscellaneous 653 0 0 Fees 0 1.579 0 Gain on disposition of assets 376,304 0 0 Judgements and damages 0 0 0 Loss on disposition of assets 0 0 3 Interest 0 0 3 Total Nonoperating Revenues (Expenses) 376.957 1.579 1 Income (Loss) Before Operating Transfers 351.730 21.525 17.725 Operating Transfers: Operating transfers - in 150,000 0 0 Total Operating Transfers In (Out) 150,000 0 0 Net Income (Loss) 501.730 21.525 17.725 Retained Earnings at Beginning of Year 1.914.953 93.071 (23.393) Residual Equity Transfers Out 0 0 0 Retained Earnings at End of Year $ 2,416.683 $ 114,596 $ (5.668) 97 Phone Weld Totals Insurance Services Finance Fund Fund Corporation 1995 1994 $ 0 $ 0 $ 0 $ 161,926 $ 125,705 0 0 287,194 287,194 507.153 200,039 636.631 0 4,646,557 4,384.085 200.039 636.631 287.194 5,095,677 5.016.943 0 103,029 0 190.898 177.491 343 5.451 0 519,910 504,894 9.021 480,290 0 2,269.662 2.272.141 157.631 0 0 157,631 314,441 0 90.087 194.650 1,604.457 1.620,538 488 29.578 0 148,141 268,766 527,593 0 0 666.831 740,039 0 0 0 0 320 695.076 708.435 194.650 5.557.530 5.898.630 (495.037) (71.804) 92.544 - (461.853) (881.687) 549,578 0 0 549,578 552.794 78,920 0 12.663 92.236 72.856 0 0 0 1.579 1.606 0 0 0 376,304 175.865 48,338 0 0 48.338 74,121 0 0 0 0 (302,611) 0 0 (125.130) (125.130) (220.036) 676,836 0 (112,467) 942,905 354.595 181.799 (71.804) (19.923) 481.052 (527.092) 0 0 0 150.000 78,778 0 0 0 150,000 78.778 181,799 (71.804) (19,923) 631,052 (448.314) 776.879 83,134 (104,492) 2,740,152 3,353.329 0 0 0 0 (164,863) $ 958.678 $ 11.330 $ (124,415) $ 3.371.204 $ 2.740.152 98 COUNTY OF WELD STATE OF COLORADO Internal Service Funds Combining Statement of Cash Flows For the Year Ended December 31. 1995 (With Comparative amounts for the fiscal year ended December 31. 1994) Motor Health Printing Vehicle Insurance and Supply Fund Fund Fund CASH FLOWS FROM OPERATING ACTIVITIES: Operating income (loss) $ (25.227) $ 19 946 8 17 725 Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation 1.318.542 0 1.178 Change in assets and liabilities: (Increase) decrease in accounts receivable (34.561) (5.644) 12.026 (Increase) decrease in inventory 596 0 (8.256) (Increase) decrease in other assets (17.162) (20) 291 Increase (decrease) in accounts payable (164.548) (6.723) (1.527) Increase (decrease) in accrued liabilities 695 0 436 Increase (decrease) in other liabilities (2 841) (2 175) (12 816) Total adjustments 1 100 721 (14 562) (8 668) Net cash provided by (used for) operating activities 1,075 494 5 384 9,057 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Taxes and-other revenues 653 1.579 0 Operating transfers-net 150 000 0 0 Net cash provided by (used for) noncapital financing activities 150 553 1 579 0 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Interest paid on borrowings 0 0 0 Proceeds from sale of assets 442.110 0 0 Acquisition of capital assets (2.339.525) 0 0 Principal paid on long-term debt 0 0 0 Net cash used for capital and related financing activities (1 897 415) 0 0 CASH FLOWS FROM INVESTING ACTIVITIES: Interest on investments 0 0 0 Net Increase (Decrease) in Cash and Cash Equivalents - (671,268) 6.963 9.057 Cash and Cash Equivalents at Beginning of Year 673 073 109 733 0 Cash and Cash Equivalents at End of Year $ 1.805 S 116 696 8 9 057 • 99 Phone Weld Insurance Services Finance Totals Fund Fund Corporation 1995 1994 8 (495 037) 8 (71 804) 8 92,544 8 (461,853) 8 (881 687) 0 90.087 194.650 1:604.457 1,626.151 (8.608) 9.111 0 (27.676) (30.223) 0 0 0 (7.660) 290.985 (29,032) 0 0 (45.923) 289.772 (40.872) 1.876 150 (211.644) (257,844) 13.626 223 0 14.960 46.612 1 458 (22 960) 0 (39,334) (333,197) (63 428) 78 337 194 800 1 287 200 1 632 255 (558 465) 6 533 287,344 825 347 750 559 676.835 0 0 679,067 640,965 0 0 0 150.000 78.778 575 835 0 0 829 057 719 743 0 0 (112.457) (112.467) (220,035) 0 0 0 442.110 921,809 0 (2.405) 0 (2.341,931) (1.505.650) 0 0 (166 757) (156 757) (1 210 000) 0 (2.406) (279 224) (2 179 045) (2 013 877) 0 0 0 0 21 903 118.370 4,127 8.120 (524.631) (521.662) 1 325.768 0 . 232,753 2.341.327 2,862,989 5 1.444 138 $ 4 127 8 240 873 8 1,816 695 8 2,341,327 100 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. 1995 • (With Comparative actual for the fiscal year ended December 31. 1994) 1995 1995 1995 1994 Budget Actual Variance Actual Operating Revenues: Charges for services $ 1.945.879 $ 2.161,883 $ 216,004 $ 2.066.592 Reimbursement for depreciation 1.198,224 1.318,542 120,318 1.293.915 Miscellaneous 0 7,324 7,324 0 Total Operating Revenues 3,144.103 3.487.749 343.646 3.360.507 Operating Expenses: Personnel services 40.744 40.150 594 35.571 Supplies 419.466 379.640 39.826 375,423 Purchased services 1.476.557 1.723,484 (246,927) 1.661.695 Depreciation 1.587.224 1.318,542 268.682 1.293.666 Other 51.160 51,160 0 67.458 Total Operating Expenses 3,575,151 3,512,976 62,175 3.434.813 Operating Income (Loss) (431.048) (25,227) 405.821 (74,306) Nonoperating Revenues: Miscellaneous 0 653 653 653 Gain on disposition of assets 375.141 376.304 1.163 175.865 Judgements and damages 0 0 0 11.954 Total Nonoperating Revenues 375.141 376,957 1,816 183.472 Income (Loss) Before Operating Transfers (55,907) 351.730 407,637 114,166 Operating transfers - in 150.000 150.000 0 0 Net Income (loss) 94.093 501.730 407.637 114.166 Retained Earnings at Beginning of Year 1.914.953 1,914.953 0 1.800,787 Retained Earnings at End of Year $ 2.009.046 $ 2.416.683 $ 407,637 $ 1.914,953 101 • 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. 1995 (With Comparative actual for the fiscal year ended December 31, 1994) 1995 1995 1995 1994 Budget Actual Variance Actual Operating Revenues: Contributions $ 167.424 $ 161.926 $ (5.498) $ 125.705 Operating Expenses: Purchased services 6,000 2,742 3,258 100 Claims 162.924 139,238 23,686 135.244 Total Operating Expenses 168,924 141.980 26.944 135,344 • Operating Income (Loss) (1.500) 19.946 21.446 (9.639) Nonoperating Revenues: Cobra revenue 1.500 1.579 79 1.606 Total Nonoperating Revenues 1.500 1,579 79 :,606 Net Income (Loss) 0 21.525 21.525 (6.033) Retained Earnings at Beginning of Year 93,071 93.071 0 101,104 Retained Earnings at End of Year $ 93,071 $ 114.596 $ 21,525 - $ 92.071 102 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. 1995 (With Comparative actual for the fiscal year ended December 31, 1994) 1995 1995 1995 1994 Budget Actual Variance Actual Operating Revenues: Charges for services $ 172.111 $ 135.283 $ (36,828) $ 111,266 Sale of supplies 125.500 133;855 8.355 94,378 Miscellaneous 35.000 53.000 18,000 18,000 Total Operating Revenues 332,611 322.138 (10.473) 223,644 Operating Expenses: Personnel services 50,926 47.719 3,207 46.329 Supplies 151.500 134.476 17,024 116.194 Purchased services 65.557 54.125 11.432 4C.559 Depreciation 500 1.178 (678) 594 Other 64,128 66.915 (2.787) 43,693 Bad debt 0 0 0 152 Total Operating Expenses 332,611 304.413 28,198 247,521 Operating Income (Loss) 0 17.725 17.725 (23.877) Net Income (Loss) 0 17,725 17.725 (23.877) Retained Earnings at Beginning of Year (23.393) (23,393) 0 484 Retained Earnings at End of Year $ (23.393) $ (5.668) $ 17.725 $ (23,393) 103 COUNTY OF WELD STATE OF COLORADO Internal Service Funds Computer Services Fund Statement of Revenues. Expenses and Changes in Retained Earnings - Budget and Actual • For the fiscal year ended December 31. 1995 (With Comparative actual for the fiscal year ended December 31, 1994) 1995 1995 1995 1994 Budget Actual Variance Actual Operating Revenues: Charges for services $ 0 $ 0 $ 0 $ 0 Operating Expenses: Total Operating Expenses 0 0 0 0 Operating Income (Loss) 0 0 0 0 Nonoperating Revenues: Total Nonoperating Revenues 0 0 0 0 Income (Loss) Before Operating Transfers 0 0 0 0 Operating Transfers - In: Operating transfers - in 0 0 0 3,778 Net Income (Loss) 0 0 0 3.778 Retained Earnings at Beginning of Year 0 0 0 161.085 Residual Equity Transfers Out 0 0 0 (164.863) Retained Earnings at End of Year $ 0 $ 0 $ 0 $ 0 104 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, 1995 (With Comparative actual for the fiscal year ended December 31, 1994) 1995 1995 1995 1994 Budget Actual Variance Actual Operating Revenues: Charges for services $ 196.218 $ 200.039 $ 3,821 $ 208.511 Operating Expenses: Supplies 400 343 57 4,244 Purchased services 40.550 9:021 31,529 45,697 Insurance and bonds 321.600 157.631 163,969 314,441 Other 500 488 12 420 Claims 700,000 527.593 172,407 604.795 Total Operating Expenses 1,063.050 695.076 367.974 969.597 Operating Income (Loss) (866,832) (495,037) 371.795 (761,086) Nonoperating Revenues: General property taxes 550.000 548,218 (1,782) 551,593 Penalties & interest 0 1.360 1,360 1,201 Compensation for loss 40.000 48.338 8,338 62,167 Earnings on deposits 45.000 78,920 33,920 50.300 Total Nonoperating Revenues 635.000 676.836 41.836 665,261 Net Income (Loss) (231.832) 181.799 413.631 (95,825) Retained Earnings at Beginning of Year 776.879 776,879 0 872,704 Retained Earnings at End of Year $ 545,047 $ 958.678 $ 413,631 $ 776,879 105 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, 1995 (With Comparative actual for the fiscal year ended December 31, 1994) 1995 1995 1995 1994 Budget Actual Variance Actual Operating Revenues: Charges for services $ 718.397 $ 636.619 $ (81.778) $ 591.213 Miscellaneous 0 12 12 210 Total Operating Revenues 718.397 636,631 (81.766) 591,423 Operating Expenses: Personnel services 113,303 103,029 10,274 94,591 Supplies 8.075 5,451 2.624 3,033 Purchased services 476.694 480.290 (3.596) 524.090 Depreciation 90,747 90.087 660 86,628 Other 29.578 29.578 0 16.339 Bad Debts 0 0 0 168 Total Operating Expenses 718.397 708,435 9,962 730.849 Operating Income (Loss) 0 (71,804) (71,804) (139.426) Nonoperating Revenues: Income (Loss) Before Operating Transfers 0 (71.804) (71,804) (139.426) Operating Transfers - In: Non-Departmental 0 0 0 75.000 Net Income (Loss) 0 (71.804) (71.804) (6.426) Retained Earnings at Beginning of Year 83,134 83.134 0 14-,560 Retained Earnings at End of Year $ 83.134 $ 11,330 $ (71,804) $ 8:.134 106 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. 1995 (With Comparative actual for the fiscal year ended December 31, 1994) 1995 1995 1995 1994 Budget Actual Variance Actual Operating Revenues: Rental income $ 0 $ 287.194 $ 287.194 $ 507.153 Total Operating Revenues 0 287,194 287.194 -507.153 Operating Expenses: Depreciation 0 194,650 (194.650) 239,65D Other 0 0 0 140.856 Total Operating Expenses 0 194.650 (194.650) 380.506 Operating Income (Loss) =0 92.544 92.544 126,647 Nonoperating Revenues/Expenses: Interest income 0 12.663 12,663 21,903 Loss on disposition of assets 0 0 0 (302,611) Interest expense 0 (125.130) (125.130) (223,036) Total Nonoperating Revenues 0 (112,467) (112,467) (50).744) Net Income (loss) 0 (19.923) (19,923) (374,097) Retained Earnings at Beginning of Year (104.492) (104.492) 0 269.605 Retained Earnings at End of Year $ (104,492) $ (124,415) $ (19.923) $ (104,492) 107 TRUST AND AGENCY FUNDS r-' 151. 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 TRUST AND AGENCY FUNDS EXPLANATIONS OF INDIVIDUAL FUNDS December 31, 1995 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 included encouraging recycling and proper handling of hazardous waste. Agency Funds: General Agency Fund: This fund accounts for all monies collected (principally tax collections)by the Weld County Treasurer for various other local governmental units within the County. Payroll Agency Fund: This fund accounts for the accumulation of County payrolls and related withholdings. Disbursements are made to the appropriate financial institutions through the payroll direct deposit system and the various vendors for the withholdings. Deferred Compensation Fund: This fund accounts for,and invests,the accumulation of voluntary employee contributions. Pursuant to Internal Revenue Code Section 457,the funds are the property of Weld County until such time as the employee terminates or otherwise qualifies for payment through the plan guidelines. Emergency Telephone Service: This fund accounts for the E-911 function in the County which services all emergency agencies of the County. 108 COUNTY OF WELD STATE OF COLORADO Trust and Agency Funds Combining Balance Sheet December 31, 1995 (With comparative totals for December 31. 1994) Nonexpendable Expendable Trust Funds Trust Fund Pension Trust North Colorado Employee Weld County Medical Center Fexible Waste Retirement Trust Spending Services Plan Assets Cash and short-term investments $ 103,204 $ 77,377 $ 25.006 $ 206.817 Investments 0 0 0 43.296,185 Accounts Receivables (net of allowance for uncollectibles) 482 0 50 262.862 Due from other County funds 0 0 0 246 Total Assets $ 103,686 $ 77.377 $ 25,056 $ 43,766.110 Liabilities and Fund Equity Accounts payable $ 0 $ 2.398 $ 23.892 $ 86.302 Due to other County funds 0 74,979 0 0 Due to other governments 0 0 0 0 Deferred compensation payable 0 0 0 0 Total Liabilities 0 77,377 23.892 86.302 Fund Balances: Reserved for employee benefits 0 0 0 38.919,122 Unreserved 103.686 0 1,164 4.760,686 Total Fund Balances 103,686 0 1.164 43.679,808 Total Liabilities and Fund Equity $ 103.686 $ 77.377 $ - 25.056 $ 43.766.110 109 Agency Funds Totals Emergency General Payroll Deferred Telephone Agency Agency Compensation Service 1995 1994 $ 3,362,861 $ 314,842 $ 0 $ 910,017 $ 5.000,124 $ 4.966.976 0 0 2,026.765 0 45.322,950 -41,792.452 714 3.365 0 35,226 302.699 174,707 0 14,909 0 0 15.155 22.614 $ 3,363.575 $ 333,116 $ 2.026,765 $ 945.243 $ 50.640.928 $ 46.956,749 $ 382.015 $ 332.413 $ 0 $ 0 $ 827.020 $ 893.497 0 703 0 0 75.682 74.831 2,981,560 0 0 945.243 3,926.803 3.744,748 0 0 2,026,765 0 2,026.765 1.752.999 3.363.575 333,116 2.026,765 945.243 6.856.270 6.466,075 0 0 0 0 38.919.122 34.245,051 0 0 0 0 4.865,536 6.245,623 0 0 0 0 43,784.658 40,490.674 $ 3.363.575 $ 333.116 $ 2,026.765 $ 945.243 $ 50.640.928 $ 46,956.749 11C COUNTY OF WELD STATE OF COLORADO Trust and Agency Funds Pension Trust Fund Comparative Statement of Revenues, Expenses and Changes in Fund Balances For the years ended December 31, 1995 and 1994 Weld County Retirement Plan 1995 1994 Operating Revenues: Earnings on investments $ 3,338.789 $ 3.249.468 Contributions 2.460,054 2,311,190 Total Operating Revenues 5,798,843 5,560.658 Operating Expenses: Actuarial/trustee fees 162,061 169.436 Benefit payments 1.732.730 1.506,573 Refunds 488.160 335,550 Supplies 68 0 Total Operating Expenses 2,383.019 2,011.559 Net Income 3.415.824 3,549.099 Fund Balances at Beginning of Year 40,263.984 36,714.885 Fund Balance at End of Year $ 43,679.808 E-40.263.984 111 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. 1995 (With comparative totals for December 31, 1994) North Colorado Employee Totals Medical Center Flexible Trust Spending 1995 1994 Revenues: Taxes $ 28 $ 0 $ 28 $ 562 Penalties & interest 44 0 44 0 Earning on investments 10,692 0 10.692 18,886 Contributions 0 249.271 249.271 232.656 Total Revenues 10.764 249.271 260.035 252.104 Expenditures: Reimbursements 133,186 174.026 307,212 662,727 Claims 0 75,245 75,245 50,534 Total Expenditures 133.186 249.271 382.457 713.261 Excess of Revenues Over Expenditures (122,422) 0 (122.422) (461,157) Fund Balances at Beginning of Year 226,108 0 226,108 687,265 Fund Balance at End of Year S 103.686 $ 0 $ 103,686 $ 226.108 112 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. 1995 and 1994 Waste Services 1995 1994 REVENUES Earning on deposits $ 582 $ 380 Net Income (Loss) 582 380 Fund Balances at-Beginning of Year 583 203 Fund Balance at End of Year E 1.165 E 583 113 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. 1995 Balance Balance 01/01/95 Additions Deductions 12/31/95 GENERAL AGENCY FUND Assets: Cash $ 3,481.275 $ 275,925,690 $ 276,044,104 $ 3,362.861 Accounts receivable 26,571 14,966 40,823 714 Total Assets $ 3,507,846 $ 275.940.656 $ 276.084.927 $ 3.363,575 Liabilities: Accounts payable $ 503.014 $ 260.444 $ 381,443 $ 382,015 Due to other governments 3.004.832 275.680.212 275,703,484 2,981,560 Total Liabilities $ 3.507.846 $ 275.940.656 $ 276,084,927 $ 3,363,575 PAYROLL AGENCY FUND Assets: Cash $ 291.284 $ 30.211.284 $ 30,187,726 $ 314.842 Accounts receivable 408 3.365 408 3,365 Due from other County funds 22,614 18.452 26,157 14.909 Total Assets $ 314.306 $ 30,233,101 $ 30.214.291 $ 333,116 Liabilities: Accounts payable $ 313,765 $ 51.466.682 $ 51,448,034 $ 332,413 Due to other County funds 541 703 541 703 Total Liabilities $ 314:306 $ 51.467.385 $ 51.448.575 $ 333.116 DEFERRED COMPENSATION FUND Assets: Investments $ 1,752,999 $ 432,394 $ 158,628 $ 2.026.765 Liabilities: Deferred compensation payable $ 1,752,999 $ -432,394 $ 158,628 $ 2.026,765 EMERGENCY TELEPHONE SERVICE Assets: Cash $ 709.647 $ 417.993 $ 217.624 $ 910.016 Account receivable 33.293 35.227 33,293 35,227 Total Assets $ 742.940 $ 453,220 $ 250,917 $ 945,243 Liabilities: Accounts payable $ 2,924 $ 0 $ 2.924 $ 0 Due to other County funds 100 0 100 0 Due to other governments 739,916 945,243 739,916 945.243 Total Liabilities $ 742,940 $ 945.243 $ 742.940 $ 945.243 TOTAL - ALL AGENCY FUNDS Assets: Cash $ 4,482,206 $ 306,554,967 $ 306,449,454 $ 4,587.719 Investments 1.752,999 432.394 158,628 2,026.765 Accounts receivable 60,272 53.558 74,524 39.306 Due from other County funds 22.614 18.452 26,157 14.909 Total Assets $ 6,318,091 $ 307,059.371 $ 306.708.763 $ 6,668,699 Liabilities: Accounts payable $ 819,703 $ 51,727,126 $ 51,832.401 $ 714.428 Due to other County funds 641 703 641 703 Due to other governments 3.744,748 276.625.455 276,443,400 3.926.803 Deferred compensation payable 1,752.999 432,394 158,628 2.026,765 Total Liabilities $ 6.318.091 $ 328.785.678 $ 328,435,070 $ 6.668.699 114 4.1 Ink COLORADO. 115 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 Assets Account Group Schedule of General Fixed Assets - By Source December 31, 1995 With Comparative Totals as of December 31. 1994 1995 1994 GENERAL FIXED ASSETS: Land $ 3,880.118 $ 3,541,537 Buildings 25,018,962 25.428.277 Improvements other than buildings 1.483.256 1.247.672 Machinery and equipment 8,449.150 7,008.233 Construction in progress 803,381 213,603 TOTAL ASSETS $ 39,634,867 $ 37,439,322 INVESTMENTS IN GENERAL FIXED ASSETS FROM: Current Revenue $ 29,701.854 $ 27,511,250 Gifts and Grants 1,983.798 1.978,957 Federal Revenue Sharing 7,949,115 7,949,115 TOTAL INVESTMENTS IN GENERAL FIXED ASSETS $ 39,634,867 $ 37,439.322 116 COUNTY OF WELD STATE OF COLORADO General Fixed Assets Schedule of General Fixed Assets By Function and Activity For the Year ended December 31, 1995 General General Fixed Assets Fixed Assets 1/1/95 -Additions Deletions 12/31/95 GENERAL GOVERNMENT: County Commissioners $ 17.173 $ 0 $ 1,254 $ 15.919 Clerk to the Board 25,861 0 0 25.861 County Attorney 6,867 0 0 6,867 Planning-and zoning 6.173 569 810 5,931 General accounting 1.486 8,966 0 10.453 Financial administration 3,727 0 0 3,727 County Clerk 336,714 8,686 895 344,505 Elections and registration 19.179 0 0 19,179 County Treasurer 29.486 4,079 11,860 21,705 County Assessor 44,068 0 0 44.068 County Council 1,207 0 0 1.207 Personnel 6.554 0 1.320 5,234 Maintenance of buildings/grounds 60.699 15.631 3,479 72,851 Communications Services 2.102.197 312,387 15.096 2.399,488 Purchasing 5.252 0 0 .5,252 Land improvements 1.464,453 941.032 69,050 2,336.435 Buildings 24,124,305 2,713.139 312,977 26,524,467 TOTAL GENERAL GOVERNMENT 28,255,401 4,004;489 416,741 31.843.149 JUDICIAL: District Attorney 80,924 0 799 80,125 PUBLIC SAFETY: Sheriff administration 324,455 69.042 1,837 391.660 Task Force 41,678 19.414 0 61,092 County Coroner 5,060 0 0 5,060 Building inspection 621 0 0 621 Office of Emergency Management 45.379 0 0 45.379 TOTAL PUBLIC SAFETY 417,193 88.456 1,837 503.812 HEALTH AND HOSPITALS: Health 1.728,061 24.771 1.182.297 570.535 Ambulance services 127,585 0 126.112 1.473 TOTAL HEALTH AND HOSPITALS 1,855.646 24.771 1,308,409 572,008 COUNTY ROADS AND HIGHWAYS: Highways and streets 89,657 9,683 B 129 91,211 PUBLIC WELFARE: Public welfare (social services) 1,226.329 10,208 71,042 1.165,495 AUXILIARY SERVICES: Extension service 779.168 0 846 778,322 Exhibition building 337.482 8.985 1,500 344.967 Veterans office 747 0 0 747 Missle site park 103,325 86,259 12.765 176,819 Delinquents & other institutions 287.132 0 287.132 0 Crime control and investigation 1.440 0 0 1,440 Libraries 2,249,613 67.778 3.338 2.314,053 JTPA technical assistance 1.748,269 289.194 286.519 1,750,944 General administration 6,996 8,920 4,141 11,775 TOTAL AUXILIARY SERVICES 5.514,172 461.136 596.241 5,379,067 TOTAL GENERAL FIXED ASSETS ALLOCATED TO FUNCTIONS $ 37,439,322 $ 4,598,743 $ 2,403,198 $ 39,634.867 117 COUNTY OF WELD STATE OF COLORADO General Fixed Assets Schedule of General Fixed Assets By Function and Activity December 31. 1995 With Comparative Totals by Function at December 31. 1994 Land Equipment & Construction Memorandum Totals Land Improvements Buildings Furniture In Progress 1995 1994 GENERAL GOVERNMENT: County Commissioners $ 0 $ 0 $ 0 $ 15,919 $ 0 $ 15.919 $ 17.173 Clerk to the Board 0 0 0 25,861 0 25.861 25,861 County Attorney 0 0 0 6,867 0 6,867 6,867 Planning and zoning 0 0 0 5,931 0 5,931 6.173 General accounting 0 0 0 10,453 0 10.453 3,727 Financial administration 0 0 0 3.727 0 3,727 3,727 County Clerk • 0 0 0 344.505 0 344,505 336,714 Elections and registration 0 0 0 19.179 0 19,179 19.179 County Treasurer 0 0 0 21,705 - 0 21,705 29,486 County Assessor 0 0 0 44.068 -0 44,068 44,068 County Council 0 0 0 1.207 0 1,207 1,207 Personnel 0 0 0 5,234 0 5,234 6,554 Maintenance of buildings/groun 0 0 0 72.851 0 72.851 60,699 Communications Services • - 0 -0 0 2.399.488 0 2,399,488 2.102.197 Purchasing 0 0 -9 5,252 0 5.252 5,252 Land improvements 0 14.938 0 2,321,497 0 2.336,435 1.,464,453 Buildings 3.487.810 1.110.353 21,031,220 91.703 803,381 26.524.467 22,124,305 TOTAL GENERAL GOVERNMENT: 3,487,810 1.125 291 21,031.220 5,395,447 803.381 31.843,149 21,255.401 JUDICIAL: District Attorney 0 -0 0 80,125 ' 0 80.125 80.924 PUBLIC SAFETY: Sheriff-administration 0 0 0 391.660 0 391,660 324,455 Task Force 0 0 0 61,092 0 61,092 41.678 County Coroner 0 0 0 3,060 0 5.060 5.060 Building inspection 0 0 0 621 0 621 621 Office of Emergency Management 0 0 0 45,379 0 45,379 _ 45.379 TOTAL PUBLIC SAFETY: 0 0 0 503,812 0 503.812 _ 417.193 HEALTH AND-HOSPITALS: Health 162.369 15.068 137.287 255.811 0 570.535 1.728,061 Ambulance services 0 0 0 1,473 0 1.473 127.585 TOTAL HEALTH AND HOSPITALS: 162.369 15,066 137,287 257.284 0 -572,008 _.855.646 COUNTY ROADS AND HIGHWAYS: Highways and streets 0 11.544 0 79.667 0 91.211 _ 89.657 PUBLIC WELFARE: Public welfare (social serv) 170.318 18,068 780.492 196,617 0 1,165.495 1,226.329 AUXILIARY SERVICES: Extension service 200 0 770,575 7.547 0 778.322 779,168 Exhibition building 0 91.071 224,397 29.499 0 344,967 337.482 Veterans office 0 0 0 747 0 747 747 Missle site park 0 139.762 37.057 -0 0 176.819 103325 Delinquents & other instit 0 0 0 0 0 0 287.132 Crime control and invest 0 0 1.440 0 0 1,440 1,440 Libraries 19.207 37,811 1.385.200 871.835 0 2.314.053 2.249,613 JTPA technical assistance 40.214 44,641 651,294 1,014.795 0 1,750.944 1.748.269 General administration 0 0 0 • 11,775 0 11,775 _ 6,996 TOTAL AUXILIARY SERVICES: 59,621 313.285 3.069.963 1.936.198 0 5.379.067 -514,172 TOTAL GENERAL FIXED ASSETS ALLOCATED TO FUNCTIONS $ 3,880.118 $ 1.483,256 $ 25,018.962 $ 8.449.150 $ 803,381 $ 39.634.867 $ 37.439,322 118 feic‘l Wilk COLORADO 119 LONG-TERM DEBT ACCOUNT GROUP esp Area /Mir% Asir iitliftapp. 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, 1995 and 1994 1995 1994 Amounts to be Provided for Retirement Of General Long-Term Debt $ 1,531.698 $ 1.662.911 Liabilities: Vacation and sick-leave accrual 1,119.282 1,060,474 Obligation on long-term lease 412,416 602,437 Total General Long-Term Debt $ 1,531,698 $ 1.662.911 120 COLORADO STATISTICAL, SECTION COUNTY OF WELD STATE OF COLORADO Tables Relating to Bonded Debt (Unaudited) December 31. 1995 NOTE: Weld County is without bonded debt and, accordingly. the following statistical tables are not presented: • A. Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita - Last Ten Years B. Ratio of Annual Debt Service for General Bonded Debt to Total General Expenditures - Last Ten Years C. Revenue Bond Coverage - Last Ten Years • 122 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 1986 $ 6.516:851 E 7.272:935 E 8.505.739 $ 14,660.502 1987 6.819.165 6.924:599 9,876,346 14.789.034 1988 7.251.985 7,869,950 8.292,283 20.156,719 1989 7.244.820 8,607,683 10.371.933 20.693.130 1990 .13,112,753 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 General Revenue by Source (Unaudited) Last Ten Years Licenses Intergovernmental Year Taxes and Permits Revenue 1986 $ 17.888,662 $ 581,360 E 20.720.989 1987 18,846.835 613.026 20,789,309 1988 19.614.179 575,744 27.359.869 1989 21.192.869 608,224 29.296.166 1990 22.300,072 597,294 34.488.199 1991 23,867,746 647.634 37.805.169 1992 24,932,140 840,856 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 47,907.147 123 Auxiliary Capital Debt Intergovernmental Total Services* Outlay Service Expenditures Miscellaneous Expenditures $ 4,234,193 $ 1.397.988 $ 252.753 $ 488.119 $ 1,401.846 $ 44,730,926 4,735,582 1.637•,272 200.263 594.982 3.550.550 49,127,793 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 9,618,737 3.604.975 154,507 522.232 2.222,975 84,942,416 *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 $ 1,742,650 $ 67.198 $ 3.775.144 $ 1.680.356 $ 46.456.359 1.149,717 76.465 5,915,868 1,711.894 49,103.114 1.632,229 35.469 5.552,233 1,693.026 56.462,749 1,952,168 66,635 4.977,219 1,896.373 59.989.654 2.102.201 66.941 4,502.642 2.221,264 66,278,613 1.975,095 56,652 4,121.565 2.473,394 70.947.255 2.369,687 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 4.684,200 28.983 3,930.098 2.888:954 88.739.103 General revenue includes revenue of General. Special Revenue, Capital Projects and Expendable Trust Funds. 124 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) 1986 $ 4,225.00 2.113 34.90 * $ 1,044.10 $ 957.247 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 * 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. 125 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 1986 1986 f 17.147,925 $ 17.013,025 99.21 $ 84.065 $ 17,097,090 $ 404.559 1987 1987 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 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 1986 $ 836;455,500 $ 3,983.121,428 $ 70,154,400 $ 241.911.724 $ 906.609.900 $ 4.225.033,152 1987 -899.649.790 4.998.054.388 82,078.810 283,030,379 981.728.600 5,281,084.767 1988 876.322.790 5.477.017.437 87,082,300 300,283.793 963.405.090 5.777.301.230 1989 815.536.790 5.436.911.933 97.066.530 334,712.172 912.603.320 5,771,624.105 1990 807,052,260 5,627,979.497 99.979.210 344.755.897 907.031.470 5,972,735.394 1991 845,519,470 5,896,230,613 109.525.160 377,672.966 955.044.630 6,273,903.579 1992 820.834,330 5,724,088,773 135.566.770 467.471,621 956.401.100 6,191,560.394 1993 859.726.540 6,685,276.361 142.446.590 491,195,138 1,002,173.130 7.176,471,499 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 (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. 126 COUNTY OF WELD STATE OF COLORADO Property Tax Levies - Direct and Overlapping Governments (Unaudited) Last Ten Years Levy Collection School Junior Year Year Cities Districts County College Other Tax Levies 1986 1986 537.2600 977.76 19.3400 4.9800 164.2800 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 252.240C 1993 1993 595.7700 753.42 22.4600 6.3400 242.300C 1994 1994 593.5000 747.48 22.4600 6.3200 239.5300 1995 1995 575.8300 719.57 22.0400 6.1500 220.5800 Tax Revenues 1986 1986 $ 4.551.381 $ 48.835.173 $ 17.147.925 $ 3.918,961 $ 5.736.561 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 6,626.43E 1989 1989 5.273.090 -46,746.481 20,534,080 4.905.770 6,884,110 1990 1990 5.644.875 46.894.420 '21,336,977 4.939.571 6,929,831 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 7.479.30 1995 1995 6.705.795 52.888.144 27,473,515 6,988.393 8,514.04? The basis for the property tax rates is per $1.000 assessed valuation. 127 COUNTY OF WELD STATE OF COLORADO Special Assessment Collections (Unaudited) Last Ten Years Current Current Ratio of Total Assessments Assessments Collections Outstanding Year Due Collected To Amount Due Assessments 1986 (1) $ 102.009 $ 102,009 100 $ 931.759 1987 (2) 111.543 111,543 100 827.272 1988 (3) 132.170 132.170 100 864.373 1989 (4) 143,626 143.626 100 914.708 1990 (5) 194,773 194,773 100 794.535 1991 (6) 188,602 188,602 100 742.081 1992 (7) 521.076 521.076 100 628,605 1993 (8) 352.260 352.260 100 679,639 1994 (9) 205.442 205.442 100 465,649 1995 (9) 243.621 243.621 100 222.028 Notes: (1) Antelope Hills Special Assessment of $27,030. (2) Indianhead Special Assessment of $7.056 (3) Northmoor Special Assessment of $94.272. (4) Antelope Hills Special Assessment 2 of $16.000. Casa Grande/Enchanted Hills Special Assessment of $150.473. Knaus Special Assessment of $27,488. (5) 71st Avenue Special Assessment of $74.600. (6) Basswood Special Assessment of $11. 508. Eighty•third Avenue Special Assessment of $124.640. (7) 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. (8)-Weld County Road 8 Special Assessment of $114,000. Road 38 $53.035, Johnson Subdivision $48.236. and Arrowhead Subdivision $171.294. (9) No new special assessments. 128 COUNTY OF WELD STATE OF COLORADO Computation of Legal Debt Margin (Unaudited) December 31. 1995 Assessed Value, 1994 $1.346.581.650 Debt Limit 3 Percent of Assessed Value 40.397.450 Amount of Debt Applicable to Limit: Total Bonded Debt $ 0 Installment Purchase Agreements $ 0 Total Amount of Debt Applicable to Debt Limit Legal Debt Margin $ 40 397 450 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 33 of assessed valuation of all taxable property. 129 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 1986 139:947 ** $ 1.518.598.000 $ 11.518 ** ** ** 1987 131.900 ** 1,568,502.000 11.896 ** ** ** 1988 145.312 ** 1,810,807.000 13.296 ** ** ** 1989 131.600 ' ** 1,943,331.000 14.230 ** ** ** 1990 131.821 30.50 2,095,000,000 15.874 30,800 2.70 47.566 1991 133;400 ** 2,204,000.000 15.592 ** ** ** 1992 137,621 ** 2,359,000.000 17,094 ** ** ** 1993 141,492 ** 2,489.000,000 17.779 ** ** ** 1994 140,320 ** 2,489,000,000 17.468 36.296 2.68 54.551 1995 ** 32.00 ** 18,232 40.524 2.68 56.207 Source: Greeley/Weld Economic Development Office (EDAP) * Actual not available - Information is estimated ** Information is not available 130 COUNTY OF WELD STATE OF COLORADO Principal Taxpayers (Unaudited) December 31. 1995 Percent 1994 Of Total Assessed Assessed Valuation Valuation Eastman Kodak Company S 75.962,300 6.31% Public Service of Colorado 34.058.500 2.83% Thermo Cogeneration 29,633.100 2.46% US West Communications Incorporated 13.965.400 1.16% Union Pacific Corporation 8.611.600 .72% National Hog Farm Incorporated 8.552.880 .71% Monfort Packing Corporation 7.446.530 .62% Metal Containers Corporation 6.690,400 .56% AT&T Communications 6.653.500 .55% KN Wattenberg Limited Liability Co. 6.179.100 .51% $ 197 753 310 16.43% • • 131 COUNTY OF WELD STATE OF COLORADO Miscellaneous Statistics (Unaudited) December 31. 1995 1. Date of Incorporation: 1861 2. Form of Government: Home Rule Charter 3. Date Present Charter Adopted: January 1. 1976 4. Area - Square Miles: 4.004 square miles 5. County Seat: City of Greeley 6. Employees as of December 31, 1994 Elected Officials - 15 Division Heads - 5 Department Heads - 13 Employees with Benefits - 824 Employees without Benefits - 227 7. Miles of Roads: Paved - 573.35 Unpaved - 2607.52 Unmaintained - 351.00 No. of 8. Building Permits: Kea, Permits Valuation 1566 2.113 34.964.531 1987 2.131 36.787 91 7 1558 1.836 30.195.777 1989 1.599 23.060.864 1990 1.670 32.463.22_ 1991 1.923 32.566.285 1992 2.C20 42.051.597 1993 2.348 57.367.465 1994 2.002 - 62.952.354 1996 1.416 40,568.010 9. Motor Vehicle Registration: 1985 142.204 1987 140.446 1988 139.743 1989 166.937 1990 168.921 1991 173967 1992 177.298 1993 187.638 1994 211.713 1995 247,579 10 Special Districts within County: 3D - Cities and Towns 17 - Schools 23 - Fire 19 - Water 8 Other 2 - Colleges 13 - Sanitation • 11. Cities and Towns: Ault Garden City Longmont Brighton Gilcrest Mead Broomfield Greeley Milliken Dacono Grover Northglenn Eaton Reason Nunn Erie Johnstown Pierce Evans Keensbarg Platteville Firestone Kersey Raymer Frederick LaSalle Severance Ft. Lupton Lochbuie Windsor 12. Recreation: Golf Courses - 6 City and Regional Parks Island Grove Recreational Complex Greeley Recreation Center 132 COUNTY OF WELD STATE OF COLORADO Miscellaneous Statistics - Continued (Unaudited) December 31. 1995 13. Libraries: Ault Town Library 9.354 Vo'Jmes Eaton Library 7,385 Vo'imes Fort Lupton Library 18.716 Volnes Glen A. Jones Library 9.616 Vol;mes Hudson Library 6.650 Vo'iimes Platteville Library 12,400 Volimes University of No. CO 1,050,951 Vol;mes Weld Library District 299.049 Vo' Imes Windsor Public Library 28,392 Vol nes 14. Elections: Number of Number Percent c` Registered of Votes Registerec Voters Cast Voters Vot:E 1978 General Election 47.832 29.818 62.3 1980 General Election 51,107 .44.134 86.3 1982 General Election 51.476 36,301 70.5 1984 General Election 56.311 47.632 84.6 1986 General Election 62.725 38,488 61.1 1988 General Election - 70,325 50.209 71.4 1990 General Election 68.148 37.927 55.6 1992 General Election 68,079 55,041 80.8 1993 General Election 64,161 25.044 39.0 1994 General Election 69.887 41,075 58.8 1995 General Election 67,572 21.882 32.4 15. Media Newspapers: The Greeley Tribune Town & Country News Aims College World The Mirror (UNC) North Weld Herald Farmer & Miner Keene Valley Sun Johnstown Breeze Ft. Lupton Press Platteville Herald Windsor Beacon Erie Echo Ft. Morgan Times LaSalle Leader Platte Valley Voice The Centennial News Radio Stations: KFKA/KVVS KGRE/KHNC KUAD AM & FM KUNC FM Television: Receives commercial and publi : television originating from t ith Denver and Cheyenne stations: also cable television. 16. Sales Tax as of December 31. 1995: State - 3% Source: Weld County offices. Individual Libraries 133 COUNTY OF WELD STATE OF COLORADO Insurance In Force (Unaudited) December 31, 1995 Policy Period Details of Annual Name of Company Policy Number Beams Expires Covereoe Liability Limits P-?—isms National Union Fire. Insurance Co. 415-5237 01/01/95 12/31/95 Excess Worker's Employer's Liability Compensation $1.000.000/Accident Workers Compensation Statutory Limits with County Retaining First $300.000 each claim 5 39,534 Travelers Ins. 07/01/95 06/30/96 $50.000,000/Accident Company M5J66092035922TIL95 $5.000 Retained by Pool American International Specialty Lines Insurance Company CLN1773-90-71 07/01/95 06/30/96 . Property Damage, Property: 650.000.000/ (Colorado Automobile Occurance/=500 Deductible Counties Liabilities All Liability: 6250.000/ Casualty & General Liability. Person: $600.000/Claim Property Pool) Public Officials Excess Liability: (Federal Liability. Crime and Out-of-State Only) St. Paul Fire $750.000/Person Excess Insurance CO. GF03400003 (Property Only) $250.000: 1600.000/Claim (Colorado Excess 6400.000 Counties Crime: $150,000/Loss Casulaty & $500 Deductible/ Property Pool) Property Claim County retaining first 6125.000 each claim $ ._:. 134 COUNTY OF WELD STATE OF COLORADO Salaries of Principal Officials (Unaudited) December 31.1995 ELECTED OFFICIALS: Commissioners 5 38.000 .Clerk & Recorder $ 43,000 Treasurer $ 43.000 Assessor $ 43,000 Sheriff $ 48.000 District Attorney $ 76.000 County Coroner $ 35.000 APPOINTED: County Attorney $ 79.849 Director of Planning $ 51.979 Director of Finance and Administration $ 114,440 Director of General Services/Purchasing/Personnel 8 83.073 Director of Ambulance Services 5 63.936 County Engineer $ 66,516 Director of Social Services $ 69.181 Director of Health Department $ 63.936 Director of Human Services $ 71,633 Comptroller 5 69,865 Public Works Operations Manager $ 66.516 Surety Bond Coverage for Principal Officials (Unaudited) December 31. 1995 District Attorney 8 5.000 Commissioner $ 25,000 Treasurer $ 250,000 Sheriff $ 20.000 Assessor $ 6.000 Coroner $ 25,000 County Clerk $ 25.000 County Clerk (Titles & Deeds) $ 5,000 Director of Finance and Administration $ 100.000 • Note: All bonds are issued by the St. Paul Insurance Company and are on file with the Weld-County Clerk and Recorder. • • • 135 COUNTY OF WELD STATE OF COLORADO Private Purpose Revenue Bonds (Unaudited) December 31. 1995 INDUSTRIAL REVENUE BONDS: DEBT REVENUE BONDS TYPE OF ISSUE OUTSTANDING OUTSTANDING ISSUER FACILITY AMOUNT OATS BEGINNING YR. ISSUED RETIRED END OF YR. Monfort Inc. $4.100.000 1/92 $ 4.100.000.00 $ 0.00 8 0.00 $ 4.100.000.00 Waste Service Corp. Landfill 860.000 2/91 780.000.00 0.00 20.000.00 750.000.00 Waste Service Sorp. Landfill 2,500,000 2/91 2,310,000.00 0.00 60.000.00 2.250.00.0.00 Dos Gringos Land Warehouse 380,000 12/82 87,564.03 0.00 87,564.03 .00 Platte River Steel Co. Manufacturing 2.000.000 5/82 1,485,000.00 0.00 80.000.00 1.405.000.00 Weld Mental Health Office 650.000 6/84 355.000.00 0.00 45.000.00 3_0.000.0'0 Evangelical Lutheran Nursing Home 775,000 10/93 660.652.49 0.00 119.902.05 510.750.44 Dovatron, Inc. Manufacturing 6.915.000 12/94 6 915 000 00 0.00 6,915,000.00 .CO TOTAL PRIVATE PURPOSE REVENUE BONDS $16 693.216.52 $ 0.00 $7,327 466.08 S 9 .36.5,-T.2.44 136 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 1986 $ 16.858,875 $ 10.070,431 167.41 $ 6.788.445 $ 13;526.009 50.19 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 * As of January 1, 1994, plan benefit povisions 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. Revenues by Source For the Employer Contribution Fiscal as a Percentage Employee Employer Investment Year of Payroll Contributions Contributions Income Total 1986 5.50 $ 743.931 $ 743,931 $ 2.598,746 $ 4.056.608 1987 6.00 837.729 -837.627 1.844,038 3.519.394 1988 6.00 869.404 869,404 1.697.180 3,4:5,988 1989 6.00 894.015 -894,117 3.235.513 5.023.645 1990 6.00 960.439 960.439 1.424.273 3.3L5.151 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 4,49,295 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 Expenses by Type For the Fiscal Administrative Year Benefits Expenses Refunds Total 1986 $ 464.517 $ 116,852 $ 246.809 $ 828.178 1987 602.568 108,459 230,810 941,837 1988 756.332 174.261 356,800 1,287:393 1989 864,493 138,057 426.608 1:429.158 1990 965:072 163.166 311.494 1.439.732 1991 1.108.835 190.230 290.815 1,589.880 1992 1.263,671 195.374 373.280 1.832,325 1993 1,349,790 174.543 446.793 1.971.126 1994 1.506,573 172,398 332.589 2,011.560 1995 1,732.730 162,262 488.027 2.383.019 137 COUNTY OF WELD STATE OF COLORADO Computation of Overlapping Bonded Debt General Obligation Bonds December 31. 1995 Net General Obligation Percentage Amount Bonded Debt Applicable to Applicable to Jurisdiction Outstanding Government Government Cities-& Towns 8 55,700,009 59.58% 8 33.191.208 Schools 182.888.931 39.69% 72.593.723 Special Districts 16 300 161 65.02% 10 598 760 Total Overlapping $ 254 889 101 $ 116 383 691 • 138 Pfe; Tavel • COLORADO 139 COMPLIANCE SECTION ipliplip gi1ip1ip g ramp ipggiiip gtgtqi ippppp giripprprp gimptgriplili qi p�p I ili�ip�gi ANDERSON & WHITNEY, P.C. ANCIERSON CERTIFIED PUBLIC ACCOUNTANTS 1001 Ninth Avenue ©WI--lITNE)/ Greeley,Colorado 80631-4046 ■ ■ ■ . ■ (303)352-7990 FAX(303)3 352-1855 Independent Auditors' Report on Schedule of Federal Financial Assistance Board of County Commissioners County of Weld, Colorado Greeley, Colorado We have audited the general purpose financial statements of the County of Weld, Colorado as of and for the year ended December 31, 1995, and have issued our report thereon dated May 17, 1996. These general purpose financial statements are the responsibility of the County's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and Office of Management and Budget (OMB) Circular A-128, Audits of State and Local Governments. Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. Our audit was conducted for -the purpose of forming an opinion on the general purpose financial statements of the County of Weld, Colorado taken as a whole. The accompanying Schedule of Federal Financial Assistance for the year ended December 31, 1995 is presented for purposes of additional analysis and is not a required part of the general purpose financial statements. The information in that schedule has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly stated in all material respects in relation to the general purpose financial statements taken as a whole. May 17, 1996 MEMBERS OF - AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS-AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED,INC. 140 WELD COUNTY 84-6000813 SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE FOR THE YEAR ENDED DECEMBER 31, 1995 Federal Granting Agency/Recipient State Agency Federal Grant Program CFDA# Expenditures DEPARTMENT OF AGRICULTURE: Direct Payment Bankhead Jones Act N/A $25,248 Pass Through Payment from the State of Colorado Department of Social Services: Food Stamps * • F10.551 8,288,184 Child & Adult Care Food Program 10.558 170,988 State Administrative Matching Grants 10.561 302,682 for Food Stamp Program Commodity Supplemental Food Program * 10.565 948,753 Food Distribution (Cash in lieu of commodities) 10.550 56,627 Total Department of Agriculture 9,792,482 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT: Direct Payments: Section 8 Rental Voucher Program * 14.855 945,498 Section 8 Rental Certificate Program 14.857 756,109 Pass Though Payments from the State Department of Housing and Urban Development: Preservation of Affordable Housing 14.187 39,755 Home Investment in Affordable Housing 14.239 47,032 Pass Through Payment from the State of Colorado Department of Social Services: Emergency Shelter Grants Program 14.231 32,855 Emergency Shelter Grants Program 93.034 12,478 Total Department of Housing and Urban Development 1,833,727 141 WELD COUNTY 84-6000813 SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE FOR THE YEAR ENDED DECEMBER 31, 1995 Federal Granting Agency/Recipient State Agency Federal Grant Program CFDA # Expenditures DEPARTMENT OF THE JUSTICE: Pass Through Payments from the State Division of Criminal Justice: Juvenile Justice & Delinquency Prevention- 16.540 $49,829 Allocation to State Crime Victim Assistance 16.575 4,797 Crime Victim Compensation 16.576 17,711 Drug Control & System Improvement - Formula Grant 16.579 182,630 Total Department of Justice 254,967 DEPARTMENT OF LABOR: Pass Through Payments from the Colorado Department of Labor: Employment Service 17.207 181,177 Summer Job Hunt N/A 10,000 Pass Through Payments from the State of Colorado Governor's Job Training Office: Employment & Training Assistance - 17.246 226,408 Dislocated Workers Job Training Partnership Act * 17.250 900,649 Total Department of Labor 1 ,318,234 DEPARTMENT OF TRANSPORTATION: Pass Through from the Colorado Department of Highways: Federal Transit Capital & Operating 20.507 52,749 Assistance Formula Grants - Section 18 Total Department of Transportation 52,749 ENVIRONMENTAL PROTECTION AGENCY: Direct Payments: Air Pollution Control Program Support 66.001 13,662 Total Environmental Protection Agency 13,662 FEDERAL EMERGENCY MANAGEMENT AGENCY: Direct Payments: Federal Emergency Management Food & Shelter Program 83.523 23,000 Total Federal Emergency Management Agency 23,000 DEPARTMENT OF HEALTH AND HUMAN SERVICES: Direct Payments: Head Start * 93.600 S2,810,018 142 WELD COUNTY 84-6000813 SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE FOR THE YEAR ENDED DECEMBER 31, 1995 Federal Granting Agency/Recipient State Agency Federal Grant Program CFDA # Expenditures Pass Through Payment from the State of Colorado Department of Social Services Special Programs for the Aging - Title III, 93.044 33,688 Part A - Administration Special Programs for the Aging - Title III, 93.044 123,082 Part B - Grants for Supportive Services & Senior Centers Special Programs for the Aging - Title III, 93.045 184,254 Part C - Nutrition Services Special Programs for the Aging - Title III, 93.046 1,175 Part D - In Home Services for Frail Older Individuals Special Programs for the Aging - Title III 93.041 3,439 Part G - Prevention of Abuse, Neglect & Exploitation of Older Individuals Special Programs for the Aging - Title III 93.042 811 Part A - Long-term Care Ombudsman Services for Older Individuals Special Programs for the Aging - Title III 93.043 16,587 Part F - Preventive Health Services At Risk Child Care 93.574 312,308 Family Support Payments to States - 93.560 3,513,649 Assistance Payments * Job Opportunities & Basic Skills Training 93.561 413,957 Child Support Enforcement * 93.563 906,988 Low Income Home Energy Assistance 93.568 666,555 Payments to States for Child Care Assistance 93.575 740,772 Child Welfare Services - State Grants 93.645 82,573 Title IV-E, Foster Care 93.658 630,998 Adoption Assistance 93.659 108,510 Social Services Block Grant * 93.667 1,694,721 Medical Assistance Program (Title XIX, Medicaid) 93.778 248,206 Pass Through from the Department of Local Affairs: Community Services Block Grant 93.031 139,161 Community Development Block Grants - EDAP N/A 86,281 Community Development Block Grants - 94-902 N/A 12,370 Community Development Block Grants - Highland Day Care N/A 200,000 Pass Through Payments from the State Department of Health: Childhood Immunization Grants 93.268 484,170 Unclassified Grant 93.000 57,078 Forty-Ninth Street Feasibility Study N/A Total Department of Health and Human Services 13,471,351 TOTAL FEDERAL EXPENDITURES $26,760,172 *Major Program 143 ANDERSON L WHITNEY,ON P.C. ANCIE• CERTIFIED PUBLIC ACCOUNTANTS 1001 Ninth Avenue ©WHITNEY Greeley,Colorado 80631-4046 (303)352-7990 FAX(303)352-1855 ■ ■ ■ . ■ Independent Auditors' Report on Compliance with Specific Requirements Applicable to Major and Nonmajor 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, 1995, and have issued our report thereon dated May 17, 1996. We have also audited the County's compliance with the requirements governing types of services allowed or not allowed; eligibility; matching, level of effortor earmarking; reporting; cost allocation; monitoring subrecipients; special tests and provisions; claims for advances and reimbursements; and amounts claimed or used for matching that are applicable to each of its major federal financial assistance programs, which are identified in the accompanying Schedule of Federal Financial Assistance, for the year ended December 31, 1995. The management of the County is responsible for the County's compliance with those requirements. Our responsibility is to express an opinion on compliance with those requirements based on our audit. We conducted our audit of compliance with those requirements in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and Office of Management and Budget (OMB) Circular A-128, Audits of Stare and Local Governments. Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether material noncompliance with the requirements referred to above occurred. An auditincludes examining, on a test basis, evidence about County of Weld, Colorado's compliance with those requirements. We believe that our audit provides -a reasonable basis for our opinion. In our opinion, the County of Weld, Colorado complied, in all-material respects, with the requirements governing types of services allowed or not allowed; eligibility; matching, level of effort or earmarking; reporting; cost allocation; monitoring subrecipients; special tests and provisions; claims for advances and reimbursements; and amounts claimed or used for matching that are applicable to each of its major federal financial assistance programs for the year ended December 31, 1995. In connection with our audit of the general purpose financial statements of the County and with our consideration of the County's control structure used to administer federal financial assistance programs, as required by OMB Circular A-128, Audits of State and Local Governments, we selected certain transactions applicable to certain nonmajor federal financial assistance programs for the year ended December 31, 1995. As required by OMB Circular A-128, we have performed auditing procedures to test compliance with the requirements governing types of services allowed or not allowed-and-eligibility that are applicable to those transactions. Our procedures were substantially less in scope than an audit, the objective of which is the expression of an opinion on the County's compliance with these requirements. Accordingly, we do not express such an opinion. MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS-A!CPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED INC. 144 Board of County Commissioners County of Weld, Colorado Page 2 With respect to the items tested, the results of those procedures disclosed no material instances of noncompliance with the requirements listed in the preceding paragraph. With respect to items not tested, nothing came to our attention that caused us to believe that the County had not complied, in all material respects, with those requirements. This report is intended for the information of the Board of County Commissioners and others within the County and officials of applicable federal and state agencies. However, this report is a matter of public record and its distribution is not limited. May 17, 1996 145 ANDERSON &WHITNEY, F.C. ANdERSON CERTIFIED PUBLIC ACCOUNTANTS 1001 Ninth Avenue ©WI-IITNE)/ Greeley,Colorado 60631.4046 ■ ■ ■ ■ ■ (303)352-799-7990 FAX(303)352-1855 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, 1995, and have issued our report thereon dated May 17, 1996. We have applied procedures to test the County's compliance with the following requirements applicable to its federal financial assistance programs, which are identified in the Schedule of Federal Financial Assistance, for the year ended December 31, 1995: ► Political activity ► Davis-Bacon Act ► Civil rights ► Cash management ► Relocation assistance and real property acquisition ► Federal financial reports ► Allowable costs/cost principles ► Drug-free workplace ► Administrative requirements Our procedures were limited to the applicable procedures described in the Office of Management and Budget's Compliance Supplement for Single Audits of State and Local Governments. Our procedures were substantially less in scope than an audit, the objective of which is the expression of an opinion on the County's compliance with the requirements listed in the preceding paragraph. Accordingly, we do not express such an opinion. With respect to the items tested, the results of those procedures disclosed no material instances of noncompliance with the requirements listed in the second paragraph of this report. With respect to items not tested, nothing came to our attention that caused us to believe that the County had not complied, in all material respects, with those requirements. This report is intended for the information of the Board of County Commissioners and others within the County and officials of applicable federal and state agencies. However, this report is a matter of public record and its distribution is not limited. May 17, 1996 MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS-AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED.INC. 146 ANDERSON &WHITNEY, P,C. ANdERSON CERTIFIED PUBLIC ACCOUNTANTS 1001 Ninth Avenue ©WHITNE)/ Greeley,Colorado 80631-4046 ■ ■ ■ • ■ (303)352-7990 FAX(303)3 352-1855 Independent Auditors' Report on Compliance Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Board of County Commissioners County of Weld, Colorado Greeley, Colorado We have audited the general purpose financial statements of the County of Weld, Colorado as of and for the year ended December 31, 1995, and have issued our report thereon dated May 17, 1996. We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and Office of Management and Budget Circular A-128, Audits of State and Local Governments. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Compliance with laws, regulations, contracts, and grants applicable to the County is the responsibility of the County's management. As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we performed tests of the County's compliance with certain provisions of laws, regulations, contracts, and grants. However, the objective of our audit of the general purpose financial statements was not to provide an opinion on overall compliance with such provisions. Accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. This report is intended for the information of the Board of County Commissioners and others within the County and officials of applicable federal and state agencies. However, this report is a matter of public record and its distribution is not limited. \^-av414.C- May 17, 1996 MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED.INC. 147 ANDERSON &WHITNEY, P.C. ANCIERSON CERTIFIED PUBLIC ACCOUNTANTS 1001 Ninth Avenue ©WI-lITNEy Greeley,Colorado 80631-4046 ■ ■ ■ ■ . (303)362-799-7990 FAX(303)03)3 352-1655 Independent Auditors' Combined Report on Internal Control Structure Board of County Commissioners County of Weld, Colorado Greeley, Colorado We have audited the general purpose financial statements of the County of Weld, Colorado as of and for the year ended December 31, 1995, and have issued our report thereon dated May 17, 1996. We have also audited the County's compliance with requirements applicable to major federal financial assistance programs and have issued our report thereon dated May 17, 1996. We conducted our audits in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and Office of Management and Budget (OMB) Circular A-128, Audits of State and Local Governments. Those standards and OMB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement and about whether the County complied with laws and regulations, noncompliance with which would be material to a major federal financial assistance program. In planning and performing our audits for the year ended December 31, 1995, we obtained an understanding of the internal control structure and the design of relevant policies and procedures and whether they had been placed in operation. We assessed control risk and 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 the County's compliance with requirements applicable to major programs, and to report on the internal control structure in accordance with OMB Circular A-128, and not to provide an opinion on the internal control structure. Accordingly, we do not express such an opinion. The management of the County is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. The objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of general purpose financial statements in accordance with generally accepted accounting principles, and that federal financial assistance programs are managed in compliance with applicable laws and regulations. Because of inherent limitations in any internal control structure, errors, irregularities, or instances of noncompliance may nevertheless occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate. MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS-AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED-INC. 148 Board of County Commissioners County of Weld, Colorado Page 2 For the purpose of this report, we have classified the significant internal control structure policies and procedures used in administering federal financial assistance programs in the following categories: Accounting Controls Cash receipts/revenue Purchasing/expenditures Payroll Property and equipment General ledger Administrative Controls General Requirements: Specific Requirements: ► Political activity ► Types of services allowed or not allowed ► Davis Bacon Act ► Eligibility ► Civil rights ► Matching, level of effort, or earmarking ► Cash management ► Reporting ► Relocation assistance and real ► Cost allocation property acquisition ► Special requirements ► Federal financial reports ► Monitoring subrecipients ► Allowable costs/cost principles Claims for advances and reimbursements ► Drug-free workplace Amounts claimed or used for matching ► Administrative requirements For all of the internal control structure categories listed above, we obtained an understanding of the design of relevant policies and procedures and determined whether they have been placed in operation, and we assessed control risk. Because of the large number of nonmajor programs and the decentralized administration of these programs, we performed procedures to obtain an understanding of the internal control structure policies and procedures relevant to nonmajor programs on a cyclical basis. Our procedures during the current year covered 45% of the nonmajor programs administered by the County as a whole. The nonmajor programs not covered during the current year are expected to be subject to such procedures at least once during a three-year cycle. During the year ended December 31, 1995, the County expended 75% of its total federal financial assistance under major federal assistance programs. 149 Board of County Commissioners County of Weld, Colorado Page 3 We performed tests of controls, as required by OMB Circular A-128, to evaluate the effectiveness of the design and operation of internal control structure policies and procedures that we considered relevant to preventing or detecting material noncompliance with specific requirements, general requirements, and requirements governing claims for advances and reimbursements and amounts claimed or used for matching that are applicable to each of the County's major federal financial assistance programs, which are identified in the accompanying Schedule of Federal Financial Assistance. Our procedures were less in scope than would be necessary to render an opinion on these internal control structure policies and procedures. Accordingly, we do not express such an opinion. Our consideration of the internal control structure and the internal control structure policies and procedures used in administering federal financial assistance would not necessarily disclose all matters in the internal control structure that might constitute material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a reportable condition in which the design or operation of one or more of the internal control structure elements does not reduce to a relatively low level the risk that errors or irregularities in amounts that would be material in relation to the general purpose financial statements being audited or that noncompliance with laws and regulations that would be material to a federal financial assistance program may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control structure and its operations that we consider to be material weaknesses as defined above. However, we noted certain matters involving the internal control structure and its operation that we have reported to the management of the County in a separate letter dated May 17, 1996. This report is intended for the information of the Board of County Commissioners and others within the County and officials of applicable federal and state agencies. However, this report is a matter of public record and its distribution is not limited. orf o�a .raa .� W iv:in c_ May 17, 1996 150 flfr ‘p I Imp 'live. COLORADO 151 SUPPLEMENTAL, INFORMATION HOUSE BILL 1008 REPORTING REQUIREMENTS i Al ANDERSON &WHITNEY, P.C. ANdERSON CERTIFIED PUBLIC ACCOUNTANTS 1001 Ninth Avenue ©WI-iITNE)/ Greeley,Colorado 8063103)3 ■ ■ ■ ■ ■ (303)352-7990 FAX(303)352-1855 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, 1995, and have issued our report thereon dated May 17, 1996. 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, 1995 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. May 17, 1996 MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS SEC AND PRIVATE COMPANIES PRACTICE SECTIONS-AICPA DIVISION FOR CPA FIRMS ACCOUNTING FIRMS ASSOCIATED.INC. 152 REPORT A COUNTIES,CITIES,&TOWNS ANNUAL STATEMENT OF RECEIPTS &EXPENDITURES FOR ROADS,BRIDGES AND STREETS COUNTY/(*1j( { LIFT • CALENDAR YEAR OF REPORT: 1995 ROUND ALL AMOUNTS TO NFAREST DOLLAR I. SCHEDULE OF RECEIPTS FOR ROAD.BRIDGE AND STREET PURPOSES A LOCAL SOURCES C.STATE SOURCES 1.I1.pc.rt),Tax/Special Assessments 2.681.536 I.Highway Users Tax 7.889.231 2.General Fund Appropriations 2.Motor Vehicle Registration Fees 266.578 3.Other(specify) See attached 779.5]7 3.Other(specify) CDBG 509,477 4.Traffic Fines TOTAL(C)STATE SOURCES R 8651191 5.Sales Tax 6a.From County(specify) D.FEDERAL 5O1 IRCF$ b.City/Town(Specify) I.Forest Service 29,698 7.Bond Proceeds(net of issuance cost) 2.Mineral Leasing 49,747 8.Note Proceeds(net of issuance cost) 3.Payments in Lieu of Taxes 25,248 9. Specific Ownership Taxes 2,680,998 4.Other(specify) TOTAL (A)LOCAL SOURCES 6,092,046 TOTAL(D) FED. SOURCES 104.693 B.PRIVATE CONTRIBUTIONS F TOTAI•RECEIPTS(A+B+C+D) j4 Jih1 _tin • 4,308, 151 F.UNSPENT BALANCES BEGINNING OF YEAR (must equal ending balance of previous year) 19,169,981 G. TOTAL RECEIPTS AND BALANCES(E+F) (Revised 1/96) A-I2 153 • REPORT A (can't) II. SCHEDULE OF EXPENDITURES FOR ROAD,BRIDGE AND STREET PURPOSES A.DIRECT HIGHWAY EXPENDITURES I.Right-of-Way 2.Preliminary and Construction Engineering 3. Construction 4,292,441 4.Maintenance of Condition • •45,263,007 5. Snow and Ice Removal 1,693,820 6.Traffic Services 1,023,230 7.Administration 405,078 8.Traffic Enforcement TOTAL(A)DIRECT HIGHWAY EXPENDITURES 12,677,576 B.DEBT PAYMENTS ON BONDS AND NOTES I.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 la.To County(specify) b. To City(specify) various per schedule 522,232 2. To Dept.of-Trans. TOTAL(C)PAYMENTS TO OTHER GOVERNMENTS D.OTHER HIGHWAY PURPOSES (specify) E. TOTAL EXPENDITURES(A+B+C+D) 13.199.808 F.BALANCES END OF YEAR 5.970.173 (unspent receipts) G.TOTAL EXPENDITURES AND BALANCES(E+F) 19,169,981 (Revised 1/96) A-13 154 REPORT A (con't) III. SCHEDULE OF CHANGE IN DEBT STATUS FOR ROAD,BRIDGE AND STREET OBLIGATIONS (show all entries at par value:face amount of issue) BONDS NOTES A.BONDS AND NOTES OUTSTANDING BEGINNING OF YEAR B.AMOUNT ISSUED DURING YEAR(par value) • 1.Original issues this year 2.Refunding issues C.AMOUNT REDEEMED DURING YEAR(par value) 1.From current receipts or reserves • 2.From refunding issues D.BONDS AND NOTES OUTSTANDING END OF YEAR NOTE: 'TOTAL RECEIPTS&BALANCES MUST EQUAL TOTAL EXPENDITURES&BALANCES "•' PLEASE GIVE THE NAME AND PHONE NUMBER OF THE PERSON TO CONTACT FOR QUESTIONS REGARDING THE REPORT. NAME: Claud Hanes PHONE: (970) 356-4000 X4444 Revised O/96) /96) A-14 155 WELD COUNTY, COLORADO LOCAL SOURCES OTHER (LINE 3) Interest 26,528 Moving Permits 246,545 Charge for Services 419,211 Other 37,228 729,512 156 WELD COUNTY, COLORADO Attachment to Annual Statement of Receipts and Expenditures for Roads, Bridges and Streets Item II.C.1b - Payments to City/Town Town Amount Ault $4,292 Dacono 6,393 Eaton 10,846 Erie 6,352 Evans 28,355 Firestone 4,726 Fort Lupton 43,542 Frederick 7,577 Garden City 2,644 Gilcrest 2,515 Greeley 321,405 Grover 225 Hudson 3,238 Johnstown 5,426 Keenseburg 2,560 Kersey 2,765 La Salle 7,904 Lockbuie 2,419 Mead 4,314 Milliken 4,260 Nunn 1,140 Pierce 2,580 Platteville 6,632 Raymer 183 Severance 511 Windsor 31,642 Brighton 1,893 Northglen 52 Broomfield 153 Longmont 5,688 Total $522,232 157 Hello