HomeMy WebLinkAbout20092878.tiffCOLORADO
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
October 20, 2009
Barbara Connolly, Controller
Weld County Accounting Department
915 101h Street
Greeley, CO 80631
Dear Barb:
Enclosed is the 2009 Third Quarterly Public Trustee Report as mandated by CRS 38-37-104(3).
Also enclosed is the Profit & Loss statement plus the signed and notarized acknowledgement.
The amount of excess funds for third quarter 2009 is $98,147.60.
According to statute, the Public Trustee must pay to the Weld County Treasurer any excess funds
upon approval by the commissioners. In order to comply with the statute, a check in the amount
of $98,147.60 will be issued to the County Treasurer after this office receives the
Commissioners' approval. 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 2008 were
$627,997.13. This is the amount that must be held in a separate interest -bearing account.
Please let me know if you have any questions.
Sincerely,
Susie Velasquez
Public Trustee
Enclosures
is Q? 2,1O
2009-2878
2009 THIRD QUARTERLY PUBLIC TRUSTEE REPORT
FOR WELD COUNTY
SEPTEMBER, 2009
INCOME 3rd. Qtr.
EXPENSE
3rd Quarter Release Total 3,331
62,082.00
Release Income after Recording Fees 50,150.00
3rd Quarter Foreclosure Total 905
Foreclosure Income from Statuatory Fees
Forclosure Income from Unexpended
Non -statutory Custodial Fees
Interest Earned on Balances
Total Income
Personnel:
Public Trustee Salary
Staff Salaries
Temporary Labor
FICA Contribution
Medicare taxes
SUTA Taxes
Retirement Plans
Medical Insurance
Misc. Fringe Benefits
Education/Training
Misc./Other
Subtotal Personnel
Operating Expenses:
Accounting/Auditing/Legal Services
Building/Office Rental/Storage
Dues and Meetings
Equipment Maintenance/Rental
Insurance/Bond
IT Support
Office Supplies
Postage
Printing External
Telephone/Utilites
Travel/Mileage Reimb.
Miscellaneous
Subtotal Operating
Capital Outlay:
Software (upgrades/new)
Computer Hardware Purchases
Office Furniture
Misc./Other
Subtotal Capital Outlay
Total Expenses
369,236.92
168,327.15
3,953.81
222,430.96
14, 884.62
58,768.44
0.00
4,497.64
1,067.97
117.69
3,018.15
10, 717.46
0.00
654.00
0.00
93,725.97
3,708.72
6,884.14
293.80
1,765.20
934.33
1,095.00
2,726.02
6,520.80
3,157.19
1,747.19
28,832.39
0.00
0.00
1,725.00
0.00
1,725 00
124,283.36
Inc/Dec to Operating Reserve 0.00
NET FUNDS PAYABLE TO PUBLIC TRUSTEE SALARY FUND 98,147.60
Weld County Public Trustee
Profit & Loss
July through September 2009
Jul - Sep 09
Ordinary Income/Expense
Income
1-1000 • Foreclosure Revenues
1-2000 • Release Revenues
1-6000 • Interest Revenues
Total Income
Cost of Goods Sold
2-1000 • Cost of Foreclosures
2-2000 • Cost of Releases
Total COGS
369,236.92
62,092.00
3,953.81
435,282.73
200,909.77
11,942.00
212,851.77
Gross Profit 222,430.96
Expense
5-0000 Charges for service
5-1200 Equipment Purchase
3-1000 - Personnel Expenditures
4-0000 - Operating and Maintenance
Total Expense 124,283.36
8,612.85
1,725.00
93,725 97
20,219.54
Net Ordinary Income 98,147.60
Other Income/Expense
Other Income
Adjustments to Account
Total Other Income
0.00
0.00
Net Other Income 0.00
Net Income 98,147.60
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WELD COUNTY PUBLIC TRUSTEE
Weld County, Colorado
Quarterly Report of Receipts & Expenditures
July 1, 2009 through September 30, 2009
1, 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 submitted,
elasquez_W41dCounty Public Trustee
STATE OF COLORADO )
COUNTY OF WELD )
m Expires 04/02/2013
This instrument was acknowledged before me this tf. day of October 2009 by Susie
Velasquez as the Public Trustee for the County of Weld, State of Colorado.
Witness my hand and seal
Notafy Public
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