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REPORT OF THE
FINANCE AND TAXATION COMMITTEE
WELD COUNTY HOME RULE COMMISSION
Greeley, Colorado
April 8 , 1975
The Weld County Home Rule Commission Committee on Taxation
and Finance met on Saturday afternoon , April 5 , 1975 , and submits
the following recommendation as a supplement to the previous
reports made to the Home Rule Commission:
The Committee recommends the following Charter provisions :
1. Auditor
A. The Board of County Commissioners shall appoint the
County Auditor and have an audit of all county offices at
least once annually.
B. The same auditor or firm shall not serve as County
Auditor for more than five (5) consecutive years.
C. All audits shall be filed in the office of the
County Commissioners and shall be available for inspection
by the public during business hours.
2. Budget
A. The County Commissioners shall have prepared and
adopt , after hearings, a budget for all County departments
annually in accordance with the requirements of the statutes
of the State of Colorado.
3. Capital Expenditures
A. Any one project requiring capital expenditures out
of funds procured from ad valorem taxation in excess of
three million dollars ($3,000,000.00) shall be prohibited
until such time as the question of expenditure of said
funds shall have been first submitted to a vote of the
Weld County electors and shall have received a majority
vote approving of such expenditure.
4. Limitation on Annual Tax Levy
A . Limitation: Except as otherwise provided herein ,
all ad valorem tax levies for county purposes , when applied
to the total valuation for assessment of the county or
other taxing district to which such levy may apply, shall
be so reduced as to prohibit the levying of a greater
amount of revenue than was levied in the preceding year
plus five percent (5%) , except to provide for the payment
of bonds and interest thereon.
B. Increased levy - - submitted to division of local
government :
(1) Election: If the Board be of the opinion,the
amount of tax limited by the preceding section will be
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insufficient for the county needs for the current year,
it may submit the question of an increased levy to the
division of local government in the department of local
affairs of the State of Colorado or such other appropri-
ate agency as may be designated by State law, for
approval of such increased levy. If an increased levy
is approved by such state agency, the board may make
such increased levy as is authorized by such approval.
(2) In the event the division of local government
or other state agency refuses or fails within ten (1O)
days after submission of an adopted budget to grant
such increased levy, the question may be submitted to
the qualified electors of the county or other taxing
district at a general or special election called for
the purpose and in the manner provided by law for call-
ing special elections in the county.
(3) Due notice of the question of whether to grant
the increased levy shall be given by the Board of County
Commissioners for at least thirty (3O) days in advance
of the date set for the general or special election by
publication in some newspaper published within the County.
If a majority of the votes cast at any such election
shall be in favor of the increased levy as named in said
election notice, then the Board may make such increased
levy for the year voted upon.
(4) In the event such increase shall be allowed by
the division of local government or other state agency,
or voted by the electors under the preceding subsections ,
the increased revenue resulting therefrom shall be included
in determining the five percent (5%) limitation in the
following year.
5. Duties of Finance Officer
A. The County Finance Officer shall on behalf of the
Board of County Commissioners act as Chief Accounting Officer
of the County and manage , supervise, coordinate and direct
the activities of the Department of Budget , Central Purchas-
ing, Accounting and Data Processing. He shall be responsible
to the Board of Commissioners for the proper execution, admini-
stration and functioning of the affairs of the above described
departments of Weld County, including the performance by the
respective departments and officers of those functions , duties
and services permitted or required by this charter.
B. The County Finance Officer shall :
(1) Cause the policies adopted or approved by the
Board of County Commissioners to be implemented in those
departments as required by the Board of County Commissioners
and insure that the activities of those departments are
consistent with the policies determined and set by the
Board of County Commissioners.
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(2) Supervise and direct the preparation of the
budget.
(3) Exercise control over purchases and expenditures
and keep the Board of County Commissioners advised of
the financial condition and future needs of the County.
(4) Appoint and remove, subject to the approval of
the Board of County Commissioners, all personnel working
in the departments subject to the jurisdiction of the
Finance Officer.
G. County Treasurer
A. The County Treasurer shall , with prudence, invest
available funds of the County in national and state banks
doing business in Weld County, Colorado , upon first receiving
pledged securities from such banks to cover all monies deposi-
ted by Weld County.
B. All earnings of interest from County funds invested
in banks of Weld County shall become a part of the general
fund of Weld County, or of any ear-marked fund as may be
requested by resolution of the Board of County Commissioners.
Respectfully submitted,
FINANCE and TAXATION COMMITTEE
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