HomeMy WebLinkAbout20091085.tiffApril 29, 2009
SUSIE VELASQUEZ
WELD COUNTY PUBLIC TRUSTEE
809 9th STREET, SUITE 1
GREELEY, COLORADO 80631
PHONE: (970) 352-4365
FAX: (970) 352-5091
WEBSITE: www.wcpto.com
Donald D. Warden
Director of Finance & Administration
915 10th Street
Greeley, CO 80631
Dear Don:
The enclosed quarterly reports for January through March 2009 are submitted as mandated by
CRS 38-37-104(3). The amount of excess funds for this quarter is $94,779.40. Check # 12682
in the amount of $94,779.40 payable to the Weld County Treasurer is enclosed for deposit to 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 2008 were
$627,997.13. This is the amount that must be held in a separate interest -bearing account.
Please contact me with any questions you may have.
Enclosures
Rupett, S --1c -6ZO9
2009-1085
WELD COUNTY PUBLIC TRUSTEE
809 9`" Street, Suite 1, Greeley, CO 80631
WELD COUNTY, COLORADO
QUARTERLY SUMMARY OF OPERATIONS
JANUARY 1, 2009 through MARCH 31, 2009
WELD COUNTY PUBLIC TRUSTEE
Report of Receipts and Expenditures
First Quarter 2009
Section 1 Summary of Weld County Public Trustee Accounts
Section II Quarterly Report of Revenues and Expenses
Section III Profit & Loss
This Report represents a true and accurate accounting of the transactions of the Weld
County Public Trustee office for the First Quarter 2009.
Respectfully Submitted,
elasque j.WaId-Evunty Public Trustee
STATE OF COLORADO )
COUNTY OF WELD )
This instrument was acknowledged before me this 29th day of April 2009 by Susie
Velasquez as the Public Trustee for the County of Weld, State of Colorado.
Witness my hand
14 Commission Expires 01/28/2014
SUMMARY
WELD COUNTY PUBLIC TRUSTEE ACCOUNTS
FIRST QUARTER - JANUARY TO MARCH 2009
OPERATING ACCOUNT
January 1, 2009 BEGINNING BALANCE $ 194,936.94
Excess cash over expenses $ (10,316.20)
March 31, 2009 ENDING BALANCE $ 184,620.74
ESCROW ACCOUNT
January 1, 2009 BEGINNING BALANCE $ 450,793.37
Excess cash over expenses $ (442,301.90)
March 31, 2009
ENDING BALANCE $ 8,491.47
SPECIAL RESERVE FUND
January 1, 2009 BEGINNING BALANCE
Excess cash over expenses
March 31, 2009
$ 624,794.49
$ 3,202.64
ENDING BALANCE $ 627,997.13
WELD COUNTY PUBLIC TRUSTEE
QUARTERLY REPORT OF REVENUES AND EXPENSES
FIRST QUARTER -JANUARY TO MARCH 2009
OPERATING ACCOUNT
REVENUES
Foreclosure Revenues
Release Revenues
Miscellaneous Revenues/Fees
Interest Revenues
$197,070.94
$37,195.50
$1.04
$3,428.24
TOTAL REVENUES $237,695.72
EXPENSES
Personnel Services
Operating and Maintenance
Charges for services
Capital outlay
Loss on investments
$95,578.15
$17,342.57
$29,603.23
$0.00
$0.00
TOTAL OPERATIONAL EXPENSES $142,523.95
EXCESS REVENUES OVER EXPENSES $95,171.77
SPECIAL RESERVE FUND
MAX ALLOWABLE = LAST YEARS
OPERATING EXPENSES $627,997.13
RESERVE ACCOUNTS BALANCE $627,604.76
ADDITIONS TO RESERVE
$392.37 $392.37
EXCESS DUE TO COUNTY $94,779.40
12:47 PM
04/22/09
Accrual Basis
Weld County Public Trustee
Profit & Loss
January through March 2009
Ordinary Income/Expense
Income
1-1000 • Foreclosure Revenues
1-2000 • Release Revenues
1-5000 Miscellaneous Revenues/Fees
1-6000 • Interest Revenues
Total Income
Cost of Goods Sold
2-1000 • Cost of Foreclosures
2-2000 • Cost of Releases
Total COGS
Gross Profit
Expense
5-0000 • Charges for service
3-1000 • Personnel Expenditures
4-0000 - Operating and Maintenance
Total Expense
Jan - Mar 09
316,453.36
48,799.00
1.04
3,428.24
368,681.64
119,382.42
11,603.50
130,985.92
237,695.72
29,603.23
95,578.15
17,342.57
142,523.95
Net Ordinary Income 95,171.77
Net Income 95,171.77
Page 1 of 1
Hello