Accounting Department

 


Responsibility for receipt and disbursement of Weld County's operating funds falls to the central accounting office. The office accounts for all income of the county, payments to vendors, cash balances, internal service charges, fixed and depreciable assets, insurance and payroll.

Income is recorded to the appropriate account in the appropriate fund. All payments out of county funds are made by the accounting office. The office maintains all cash accounts of the county. While the treasurer acts as a banker, handling all of the money, the accounting office takes care of the checkbook of the county.

Various computer systems augment the central finance system; purchasing, inventory, payroll, accounts receivable, and financial reporting. The total package makes the financial system of Weld County one of the finest in the nation.

Weld County has various internal service funds which generate charges for service to other funds and departments. Accounting records the charges and makes the necessary book transfers between activities, and maintains the balances for management purposes.

All fixed and depreciable assets of the county are recorded and inventoried by central accounting. Each piece of property is listed by original cost, purchase date, and fund or department which has responsibility for the asset.

The accounting department is responsible for the annual audit of the financial records for Weld County, and the publication of the Comprehensive Annual Financial Report (CAFR). For question about this report, contact this office at the address or phone listed.

One important task of central accounting is handling of Weld County employees' payroll. The office pays all county employees and accounts for all taxes and other deductions associated with the payroll.