HomeMy WebLinkAbout20082078.tiff SUSIE VELASQUEZ
WELD COUNTY PUBLIC TRUSTEE
809 9th STREET, SUITE 1
GREELEY, COLORADO 80631
PHONE: (970) 352-4365
IIDc FAX: (970) 352-5091
WEBSITE: www.wcpto.com
COLORADO
July 23, 2008
Donald D. Warden, Director
Finance & Administration
915 10th Street
Greeley, CO 80631
Dear Don:
The enclosed quarterly reports for April through June 2008 are submitted as mandated by CRS
38-37-104(3). The amount of excess funds for this quarter is $148,315.55. Check#12006
payable to the Weld County Treasurer is submitted for deposit to the Public Trustee Salary Fund.
At the expiration of the year, the County Treasurer shall then transfer the balance in the Public
Trustee Salary Fund to the county general fund as required by statute.
Please do not hesitate to contact me if you have any questions.
Sincerely,
•
usie Ve uez
Pub —Trustee_.___-- _--
Enclosures
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V07/a4D cP2008-2078
WELD COUNTY PUBLIC TRUSTEE
WELD COUNTY, COLORADO
QUARTERLY SUMMARY OF OPERATIONS
APRIL 1,2008 through JUNE 30, 2008
WELD COUNTY PUBLIC TRUSTEE
Report of Receipts and Expenditures
Second Quarter 2008
Section I 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 Second Quarter 2008.
Respectfully Submitted,
S • squez, We County Public Tr
STATE OF COLORADO )
COUNTY OF WELD )
This instrument was acknowledged before me this 23rd day of July 2008 by Susie
Velasquez as the Public Trustee for the County of Weld, S lorado.
Witness m d and seal:
*/* N(4)
pRY.p...c. Notary Public
A
ANA '-
BLANCO MY COMMISSION EXPIRES: 0328 2009
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SUMMARY
WELD COUNTY PUBLIC TRUSTEE ACCOUNTS
SECOND QUARTER-APRIL TO JUNE 2008
OPERATING ACCOUNT
April 1, 2008 BEGINNING BALANCE $ 352,719.14
Excess cash over expenses $ (121,319.69)
June 30, 2008 ENDING BALANCE $ 231,399.45
ESCROW ACCOUNT
April 1, 2008 BEGINNING BALANCE $ 111,953.18
Excess cash over expenses $ 906,236.25
June 30, 2008 ENDING BALANCE $ 1,018,189.43
SPECIAL RESERVE FUND
April 1, 2008 BEGINNING BALANCE $ 423,786.41
Excess cash over expenses $ 198,151.13
June 30, 2008 ENDING BALANCE $ 621,937.54
WELD COUNTY PUBLIC TRUSTEE
QUARTERLY REPORT OF REVENUES AND EXPENSES
SECOND QUARTER-APRIL TO JUNE 2008
OPERATING ACCOUNT
REVENUES
Foreclosure Revenues $213,998.94
Release Revenues $59,147.75
Miscellaneous Revenues/Fees $6.25
Interest Revenues $11,080.76
TOTAL REVENUES $284,233.70
EXPENSES
Personnel Services 87,227.62
Operating and Maintenance 17,024.43
Charges for services 28,655.01
Capital outlay 3,011.09
Working capital 0.00
TOTAL OPERATIONAL EXPENSES $135,918.15
EXCESS REVENUES OVER EXPENSES $148,315.55
SPECIAL RESERVE FUND
MAX ALLOWABLE=LAST YEARS
OPERATING EXPENSES $620,752.57
RESERVE ACCOUNTS BALANCE $620,752.57
ADDITIONS TO RESERVE $0.00 $0.00
EXCESS DUE TO COUNTY $148,315.55
•4:45 PM Weld County Public Trustee
07/22/08
Accrual Basis Profit & Loss
April through June 2008
Apr-Jun 08
Ordinary Income/Expense
Income
1-1000•Foreclosure Revenues 354,070.44
1-2000• Release Revenues 79,535.50
1-5000• Miscellaneous Revenues/Fees 6.25
1-6000•Interest Revenues 11,080.76
Total Income 444,692.95
Cost of Goods Sold
2-1000•Cost of Foreclosures 140,071.50
2-2000•Cost of Releases 20,387.75
Total COGS 160,459.25
Gross Profit 284,233.70
Expense
5-0000•Charges for service 28,655.01
5-1200• Equipment Purchase 3,011.09
3-1000• Personnel Expenditures 87,227.62
4-0000-Operating and Maintenance 17,024.43
Total Expense 135,918.15
Net Ordinary Income 148,315.55
Other Income/Expense
Other Income
Adjustments to Account -0.01
Total Other Income -0.01
Net Other Income -0.01
Net Income 148,315.54
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