Larimer County is a political subdivision of the State of Colorado, governed by an elected three-member Board of County Commissioners. There are also seven other elected officials of Larimer County (Assessor, Clerk and Recorder, Coroner, District Attorney, Sheriff, Surveyor and Treasurer).
All financial transactions of the offices of elected officials of Larimer County are included in the General Fund of the County's Comprehensive Annual Financial Report. The Board of County Commissioners has budgetary authority over the elected officials and is accountable for all fiscal matters. County property taxes fund a significant portion of the costs of operating the elected officials' offices. Services provided by the elected officials are for the benefit of Larimer County residents and are conducted within the boundaries of the County. The District Attorney's office encompasses the entire 8th Judicial District, a portion of which is in Jackson County. Jackson County reimburses Larimer County for its portion of costs. Receipts and disbursements of federal and local crime victim compensation funds administered by the District Court are accounted for in an agency fund. The District Attorney appoints the local crime victim compensation board, who has governing responsibility for the funds.
This Comprehensive Annual Financial Report presents the financial statements of Larimer County (the primary government) and its component units in accordance with Statement 14 of the Governmental Accounting Standards Board, "The Financial Reporting Entity". The component units discussed below are included in the County’s reporting entity because of the significance of their operational or financial relationships with the County.
Blended Component Units:
The Larimer County Pest Control District, a separate legal entity according to State statutes, is included in Larimer County's Comprehensive Annual Financial Report as a special revenue fund. The District is not governed by a separately elected governing body other than the Board of County Commissioners. There are no separate financial statements.
Larimer County General Improvement Districts have been included in Larimer County's Comprehensive Annual Financial Report as special revenue funds. The districts are separate political subdivisions, but the Board of County Commissioners serves as the board of each. Those districts do not issue separate financial statements.
The Larimer County Building Authority was formed in 1998, and exists for the purpose of constructing major county facilities. The County is financially responsible for the activities of the Building Authority. The underlying certificates of participation of the Authority are included in the General Long-Term Debt Account Groups and payments made on the debt are reflected in the Larimer County Building Authority Debt Fund. The assets of the Authority are reflected in the County’s General Fixed Asset Account Group.
Prior to 1998, the Public Trustee was considered a separate entity from the County and was reported as a discrete component unit. In 1998, the County determined that the Public Trustee was not a separate entity, but performed certain functions of the County as dictated by Colorado Revised Statutes. As such, the Public Trustee is included as a Special Revenue Fund.
Back to 1998 Financial Report