HomeMy WebLinkAbout751063.tiff FINANCE COMMITTEE
The Finance Committee met upon the call of its chairman, Mr. Ralph kai...o, Jr. ,
on Wednesday, January 8, 1975 at 7:30 P.M. , in the County Commissioners' meeting
room.
Members present were: Mr. Ralph Waldo, Jr.
Mr. Harold Fahrenbruch
Mr. Bob E. White
Mr. Edward L. Dunbar
Mr. Walter Bain
Mr. Herb Hansen, the County Assessor and Mr. Mike Loustalet, the County
Treasurer were also in attendence.
Mr. Hansen said the ratio of assessment is based on comparison of sales to
appraisal values. In 1974 Weld County was 17% appraisal of the actual value of
those projections used in the illustration that was published, but this was not a
true picture as the properties they used for comparison were not the average.
Assessments are based on the actual livestock on hand the prior year and the
value is based on the values the prior year.
New buildings are appraised by using standards, based on the square feet of the
property; plus other considerations contained inside the manual.
There was much discussion regarding the dissatisfaction of approval by the
County Commissioners of the budget as presented, and changes made in the salaries of
employees and the lack of communications between their offices and the County
Commissioners office. Each expressed their opinion that the offices should be
consulted before changes are made in salaries. They both believe they should be
free to operate their offices as effectively and efficiently as possible and be free
to pay salaries in accordance with their judgement of the value of their employees
to their offices.
All oil production is assessed a year after actual production, but is assessed
at 87z% of its value.
Mr. Hansen believes mineral rights should revert to the service owner after a
given period of years of nonproduction. To assess all severed minerals would
require search and to give mineral opinion on each property would cost about $50.
per description; therefore, the cost would be prohibitive.
The meeting was adjourned at 10:15 P.M.
Respectfully submitted,
7.T— /e)(03
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1975 BUDGETS
Assessor* 300 733
Treasurer* . . . 167,360.
County Clerk and Recorder (Total Budget)* 599,517.
Seperate Department Budgets
Motor Vehicle 266,144.
Recording . 162,192.
Elections . 133,749.
Clerk to the Board 37,432.
Sheriff 566 580
Jail 30,600.
Hospital (Operating Fund) 10 215 780.
Health Department 877,455.
Welfare Department (Social Services) 5,670,645.
County Attorney (General Fund Only) 33,770.
Special Litigation 15 000
Library 175 619
County Commissioners 85,244.
District Attorneys Office 266 837
Civil Defense • • • • • • • 5,400.
Coroner 20 350.
Veteran's Office 18 351.
Ambulance Service 214,449.
Public Works County Buildings
(County Services Building Fund) 3 152 000
O
Total budget for 1975 on these departments:
Assessor
Treasurer
County Clerk and Recorder - Data Processing if not
included under Clerk
and Recorder
Sheriff
Hospital
Health Department
Social Services - Welfare, if seperate
County Attorney
Library
Office of County Commissioners - S11 functions
Judicial District Attorneys Office
Civil Defense
Coroner
Veteran' s Office
Ambulance Service - any part that might be charged.
Public Works County Buildings
C_x\)\0.ncCV t.
Would like figures on ad valorem tax that serves the whole county.
Trying to get the services the County renders to the Whole County.
Would like to distinguish from the rutal areas. Want the difference a
mill levy would make.
Ralph Waldo, Jr.
pem
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INCREASES IN COUNTY ASS6SSLU VALUA'I'IUNS
1965 through 1974
Year Dollars • % Increase Value of 1 mill Dollar % Increase
Increase
in mill
.levy j
•
1G mills
1965 5,637,080 .034128 $170,811 91,384 .034128
1966 41047,060 .023693 • 174,858 13,508 .0048516
1967 . 2,021,420 .01156 176,879 32,335 .0115575 ;
1968 7,804,640 .044124 184,684 124,872 .0441232
1969 14,179,945 • .0767794 198,863 226,862 .0767736
1970 3,232, 170 .016253 202,095 48,471 .0162493
1971 20,718,730 . 1025193 • 222,814 331,492 .1025169 .
1972 32,050,000 . 1438416 254,864 512,800 . 1438419
1973 32, 1'1G,560 .1261319 . 287,011 514,352 . 1261339
•
1971 34,651,540 . 1207324 321,662 554,416 . .1207305
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DOLLAR INCREASE on 23.21 MILL LEVEY of 1971.
Value of 1 • • Total Increase
Mill • Dollars in Increase
Dollars
1971 222,814 5, 171,512.9
1972 254 ,864 5,915,393.4 $7431880.5 14.3841996
1973 287,011 6,661,525.3 746,131.9 12.61339%
•
1974 321,662 7,465,775 804,249.7 12.0730594
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The question of untaxed severed mineral interests was investigated and the
committee found it would cost approximately $50.00 per chain of title to determine
the present ownership of many of the severed mineral interests in the county and
that this cost for an estimated 44,000 schedules in the county would be excessive
when compared to the revenue that it would bring into the county. In the
discussion of the problem of the taxing of severed mineral interests, the committee
suggests that it might be advisable to place the burden of placing severed mineral
interests, including interests in property in general, upon the owner of the
property; and require that any severed mineral interests that had not been
placed on the property tax rolls by the owners after a reasonable time period
could then be placed on the tax rolls and sold at tax sale with the surface owner of
the lands having the priority right to redeem from the tax sale and purchase those
severed mineral interests. This suggestion is being investigated and suggested
to members of the legislature as a possible solution to this problem.
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