Laserfiche WebLink
Yuma County, Colorado <br /> Notes to the Financial Statements <br /> December 31,2009 <br /> (Continued) <br /> Summary of Significant Accounting Policies (continued) <br /> C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation <br /> (continued) <br /> ' The County reports the following major governmental funds: <br /> The General Fund is the County's primary operating fund. It accounts for all <br /> financial resources of the County, except those required to be accounted for in <br /> another fund. <br /> The Road and Bridge Fund accounts for the County's share of state revenues <br /> that are legally restricted for the maintenance of highways and roads within the <br /> County's boundaries and to account for property taxes and other revenues <br /> restricted for highway and road purposes. <br /> ' The Human Services Fund administers the County's state and federal revenues <br /> that are restricted for the provision of health and human services to the residents <br /> of the County. <br /> ' The Grant Fund is used to account for major grants received from state and <br /> federal sources. <br /> ' The Water Authority Public Improvement District Fund accounts for the activities <br /> of this district, a blended component unit. <br /> The County Reports the following additional fund type: <br /> Fiduciary funds account for monies held on behalf of other governments in the <br /> Treasurer's and Clerk's offices; the Employee's Section 125 Plan Fund is held for <br /> County employees health and welfare reimbursements; the Sheriff's Office Funds <br /> is held for inmates; the Public Trustee is a state statutorily mandated position, <br /> whose financial transactions are independent of the County; and Payroll <br /> ' Reimbursements are held for other entities for which the County provides payroll <br /> services. These agency funds are combined on the fiduciary fund financial <br /> statement. <br /> As a general rule, the effect of interfund activity has been eliminated from the <br /> government-wide financial statements. <br /> When both restricted and unrestricted resources are available for use, it is the <br /> government's policy to use restricted resources first, then unrestricted resources as they <br /> are needed. <br /> I <br /> I <br /> 1 <br /> D3 <br />