HomeMy WebLinkAbout20131029.tiffApril 18, 2013
SUSIE VELASQUEZ
WELD COUNTY PUBLIC TRUSTEE
1701 23`d AVENUE, SUITE 250
GREELEY, COLORADO 80634
PHONE: (970) 352-4365
FAX: (970) 352-5091
WEBSITE: www.wcpto.com
Barbara Connolly, Controller
Weld County Accounting Department
PO Box 758
Greeley, CO 80631
Dear Barb:
Enclosed are the first quarter 2013 Profit & Loss statement and Summary of Accounts along with
the signed and notarized acknowledgement. The amount of excess funds for first quarter 2013 is
$24,677.60.
According to statute, the Public Trustee must pay to the Weld County Treasurer any excess funds
upon approval by the commissioners. Therefore, a check in the amount of $24,677.60 will be
issued to the Weld County Treasurer as soon as the Commissioners' approval is received. The
excess funds check will be issued to the County Treasurer for deposit into the Public Trustee
Salary Fund. At the expiration of the year, the County Treasurer shall then transfer the balance
of the Public Trustee Salary Fund to the County General Fund as required by statute.
As mandated by statute, the Public Trustee will keep a separate reserve fund in an amount equal
to total operating costs of the previous year. The total operating costs for 2012 were
$432,084.11. This is the amount that the Public Trustee must hold in a separate interest -bearing
account. The interest earned on the reserve fund for the first quarter is $298.53. At the end of
the year the total interest earned on the reserve fund will be forwarded to the Weld County
Treasurer. -
Please let me know if you have any questions.
Sly,
Susie Velasquez
Public Trustee
Enclosures
Enclosures
-15
2013-1029
Weld County Public Trustee
Profit & Loss
January to March 2013
Profit and Loss Jan - Mar 12
Ordinary Income/Expense
Income
Total Income
Total Cost
Gross Profit
Expense
4000 Foreclosure Revenues
4012 Release Revenues
4022 Miscellaneous Revenues/Fees
4300 Interest Revenues
6300 Cost of Forclosures
6302 Cost of Releases
6200 Charges for Service
5200 Personnel expenditures
6280 Operating and Maintenance
Total Expense
Net Ordinary Income First Quarter
Other Income/Expense
6875 • Excess Funds to Treasurer
Total Other Expense
Net Other Income
Net Income To Treasurer 4th Qtr 2012
69,987.16
71,052.75
9,051.49
436.72
150,528.12
14,500.22
0.00
14,500.22
136,027.90
7,133.41
82,782.83
21,434.06
111,350.30
24,677.60
24,677.60
0.00
0.00
19,847.92
December 31, 2012
March 31, 2013
December 31, 2012
March 31, 2013
December 31, 2012
March 31, 2013
SUMMARY
WELD COUNTY PUBLIC TRUSTEE ACCOUNTS
FIRST QUARTER - JANUARY TO MARCH 2013
OPERATING ACCOUNT
BEGINNING BALANCE
$ 119,367.84
Excess cash over expenses $ (9,357.98)
ENDING BALANCE $ 110,009.86
ESCROW ACCOUNT
BEGINNING BALANCE $ (19,524.92)
Excess cash over expenses $ 911,286.63
ENDING BALANCE $ 891,761/1
SPECIAL RESERVE FUND
BEGINNING BALANCE $ 454,208.23
Excess cash over expenses $ (17,436.87)
ENDING BALANCE $ 436,771.36
Reserve (2012 Operating Exp.) $432,084.11
2013 Interest earned on Reserve
$ 298.53
WELD COUNTY PUBLIC TRUSTEE
Weld County, Colorado
First Quarter Report of Receipts & Expenditures
January to March 2013
I, Susie Velasquez, upon oath duly sworn, state that the information contained herein is
true and correct to the best of my knowledge and belief.
Respectfully suhmitte
e d County Public Trustee
STATE OF COLORADO )
COUNTY OF WELD )
This instrument was acknowledged before me this day of April 2013 by Susie Velasquez
as the Public Trustee for the County of Weld, State f Corado.
Witness my hand and seal
JULIE COLE
NOTARY PUBLIC
STATE OF COLORADO
NOTARY ID 20134016881
MY COMMISSION EXPIRES MARCH 15, 2017
NPtary Pubic
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