LARIMER COUNTY, COLORADO
NOTES TO FINANCIAL STATEMENTS
Year Ended December 31, 2000

NOTE 17 - RESERVATIONS AND DESIGNATIONS OF FUND EQUITY:

Reservations:

Reservations of fund equity either indicate that a portion of fund equity is legally segregated for a specific future use or indicate that a portion of fund equity is not appropriable. The following reservations are used by the County:

Reserved Retained Earnings - segregates a portion of retained earnings to indicate it is committed to a specific future use. Reserved retained earnings consist of the following:

December 31, 2000

Capital
Outlay

Insurance

Working
Capital

Future
Projects

Total

Enterprise Fund:

          

Solid Waste

$ 3,549,680

$         -

$ 1,502,417

$         -

$ 5,052,097
           

Internal Service Funds:

          

Fleet Services

-

-

355,277

939,717

1,294,994

Print Shop

115,762

-

23,829

-

139,591

Telecommunications

60,680

-

123,420

686,244

870,344

Self-Insured Reserve

         -

3,976,214

         -

         -

3,976,214
 

176,442

3,976,214

502,526

1,625,961

6,281,143
           

Total

$ 3,726,122

$ 3,976,214

$ 2,004,943

$ 1,625,961

$ 11,333,240

Reserved Fund Balances - segregates a portion of fund balances to indicate that prepaid expenditures and inventories do not represent available, spendable resources even though they are a component of net current assets. Fund balance reserved for capital projects indicates the fund balance is restricted for the payment of sales tax distributions, open lands purchases, and major facilities construction. Fund balance reserved for debt service indicates the fund balance is restricted for the payment of debt principal and interest maturing in future years. Fund balance reserved for emergencies represents a 3% legal restriction pursuant to Article X, Section 20 of the State Constitution (Tabor Amendment). Reserved fund balances consist of the following:

December 31, 2000

Advances

Capital
Projects

Prepaids

Inventory

Debt
Service

Emergencies

Total

General Fund

$ 220,048

$          -

$          -

$          -

$          -

$ 892,467

$ 1,112,515

Special Revenue Funds:

              

Contingent

-

-

-

-

-

1,755,541

1,755,541

Health and Environment

-

-

-

43,837

-

-

43,837

Open Lands

-

16,085,358

-

-

-

-

16,085,358

Pest Control

-

-

-

-

-

9,146

9,146

Road and Bridge

-

-

36,818

-

-

-

36,818

Sales Tax

-

17,268,395

-

-

-

-

17,268,395

Homestead Estates

-

-

-

-

-

21

21

Imperial Estates

-

-

-

-

-

69

69

Meadowdale Hills

-

-

-

-

-

156

156

Namaqua Hills

Maintenance

         -

         -

         -

         -

         -

693

693
 

         -

33,353,753

36,818

43,837

         -

1,765,626

35,200,034
               

Debt Service Funds:

              

Assessment Debt

-

-

-

-

825,644

-

825,644

Larimer County Building

              

Authority Debt

         -

         -

         -

         -

6,602,096

         -

6,602,096
 

         -

         -

         -

         -

7,427,740

         -

7,427,740

Capital Projects Fund:

              

Larimer County Building

              

Authority Construction

$          -

$18,632,898

$          -

$          -

$          -

$          -

$18,632,898

Totals

$ 220,048

$51,986,651

$ 36,818

$ 43,837

$7,427,740

$2,658,093

$62,373,187

Designations:

Designations of fund balances are not legally required segregations, but indicate the portion of fund balances the County has made tentative plans for. The following designations are used by the County:

December 31, 2000

Designated for
Subsequent Year's
Expenditures

Capital
Outlay &
Projects

Working
Capital

Future
Projects

Total

General Fund

$ 1,382,641

$          -

$ 6,504,358

$ 6,326,804

$ 14,213,803

Special Revenue Funds:

          

Building Inspection

335,002

59,346

502,588

139,990

1,036,926

Community Corrections

-

50,000

306,045

385,617

741,662

Conservation Trust

95,031

-

-

448,080

543,111

Enterprise Zone

18,326

-

-

614

18,940

Fair

28,181

-

50,000

66,453

144,634

Health and Environment

181,763

-

209,000

392,665

783,428

Health and Human Services

57,826

-

-

41,321

99,147

Human Development

31,841

-

-

214,734

246,575

Human Services

510,820

-

2,811,874

1,659,764

4,982,458

Parks

105,436

-

-

124,548

229,984

Payments in Lieu of Taxes

-

-

-

631,156

631,156

Pest Control

-

71,625

52,747

97,850

222,222

Public Trustee

-

-

-

248,472

248,472

Road and Bridge

-

1,860,000

1,592,650

8,500,087

11,952,737

Workforce Center

45,278

-

-

-

45,278

Carriage Hills

-

-

-

14,983

14,983

Club Estates

-

-

-

7,459

7,459

Country Meadows

-

-

-

36,164

36,164

Homestead Estates

-

-

-

5,316

5,316

Imperial Estates

9,400

-

-

27,766

37,166

Kitchell Subdivision

-

-

-

15,458

15,458

Little Valley Road

-

-

-

6,404

6,404

Meadowdale Hills

-

-

-

1,328

1,328

Namaqua Hills Maintenance

-

-

-

146,806

146,806

Pinewood Springs

5,439

-

-

29,192

34,631

Red Feather

-

-

-

22,146

22,146

Skyview South

13,970

-

-

20,376

34,346

Venner Ranch

84

         -

         -

18,532

18,616
 

1,438,397

2,040,971

5,524,904

13,303,281

22,307,553
           

Capital Projects Funds:

          

Capital Communications

Equipment

-

-

-

349,905

349,905

Capital Expenditures

-

3,769,194

-

1,266,240

5,035,434

Improvement District

Construction

37,169

-

-

6,631

43,800

Replacement & Technology

Projects

136,854

1,907,978

100,000

2,509,741

4,654,573
 

174,023

5,677,172

100,000

4,132,517

10,083,712
           

Total

$ 2,995,061

$ 7,718,143

$ 12,129,262

$ 23,762,602

$ 46,605,068

Designated for Subsequent Year's Expenditures represents fund balance commitments for appropriated expenditures in excess of anticipated revenues for the year ending December 31, 2000. Fund balances are also designated for the following other purposes:

(a) Capital outlay and projects - purchases of equipment, land, buildings, or capital improvement projects.

(b) Working capital - balances which the County Commissioners determined should be maintained at all times and are not available for appropriation; or

(c) Future projects - projects of individual funds.

Back to 2000 Financial Report