HomeMy WebLinkAbout20081346.tiff ‘H-H.
SUSIE VC TRUSTEE
WELD COUNTY PUBLIC TRUSTEE
809 9th STREET, SUITE 1
GREELEY, COLORADO 80631 PHONE: (970) 352-4365
FAX: (970)Ci WEBSITE: www.wcpto.com
352-5091
cpto com
COLORADO
May 2, 2008
Donald D. Warden, Director
Finance & Administration
915 10'° Street
Greeley, CO 80631
Dear Don:
The enclosed quarterly reports for January through March 2008 are submitted as mandated by
CRS 38-37-104(3). The amount of excess funds for this quarter is $82,538.90. Check#11775
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,
Susie Velasquez
Public Trustee
Enclosures
05/C 7A1N)i;Q 2008-1346
WELD COUNTY PUBLIC TRUSTEE
Report of Receipts and Expenditures
First 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 First Quarter 2008.
Respectfully Submitted,
County Public Trustee
STATE OF COLORADO )
COUNTY OF WELD )
This instrument was acknowledged before me this 2nd day of May 2008 by Susie
Velasquez as the Public Trustee for the County of Weld, State of Colorado.
Witness my h-_-7.116 ,1140 it ^ n A)
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My Commission Expires 01/29/2012
WELD COUNTY PUBLIC TRUSTEE
WELD COUNTY, COLORADO
QUARTERLY SUMMARY OF OPERATIONS
JANUARY 1, 2008 through MARCH 31, 2008
SUMMARY
WELD COUNTY PUBLIC TRUSTEE ACCOUNTS
FIRST QUARTER-JANUARY TO MARCH 2008
OPERATING ACCOUNT
January 1, 2008 BEGINNING BALANCE $ 449,731.04
Excess cash over expenses $ (97,011.90)
March 31, 2008 ENDING BALANCE $ 352,719.14
ESCROW ACCOUNT
January 1, 2008 BEGINNING BALANCE $ 192,413.77
Excess cash over expenses $ (80,460.59)
March 31, 2008 ENDING BALANCE $ 111,953.18
SPECIAL RESERVE FUND
January 1, 2008 BEGINNING BALANCE $ 423,057.17
Excess cash over expenses $ 729.24
March 31, 2008 ENDING BALANCE $ 423,786.41
WELD COUNTY PUBLIC TRUSTEE
QUARTERLY REPORT OF REVENUES AND EXPENSES
FIRST QUARTER-JANUARY TO MARCH 2008
OPERATING ACCOUNT
REVENUES
Foreclosure Revenues $248,525.31
Release Revenues $43,050.50
Miscellaneous Revenues/Fees $0.00
Interest Revenues $13,411.66
TOTAL REVENUES $304,987.47
EXPENSES
Personnel Services 67,218.47
Operating and Maintenance 37,796.01
Charges for services 61,720.60
Capital outlay 5,713.49
Working capital 50,000.00
TOTAL OPERATIONAL EXPENSES $222,448.57
EXCESS REVENUES OVER EXPENSES $82,538.90
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 $82,538.90
"5.31 PM' Weld County Public Trustee
• 04/30/08
Accrual Basis Profit & Loss
January through March 2008
Jan-Mar 08
Ordinary Income/Expense
Income
1-1000• Foreclosure Revenues 346,866.05
1-2000-Release Revenues 59,932.00
1-6000•Interest Revenues 13,411.66
Total Income 420,209.71
Cost of Goods Sold
2-1000•Cost of Foreclosures 98,340.74
2-2000•Cost of Releases 16,881.50
Total COGS 115,222.24
Gross Profit 304,987.47
Expense
5-1000•Escrow-working capital 50,000.00
5-0000•Charges for service 61,720.60
5-1200•Equipment Purchase 5,713.49
3-1000• Personnel Expenditures 67,218.47
4-0000•Operating and Maintenance 37,796.01
Total Expense 222,448.57
Net Ordinary Income 82,538.90
Page 1 of 1
- - - - -- - 11775
WELD COUNTY PUBLIC TRUSTEE UNION COLONY BANK
809-9TH STREET#1 PH.970-352-4365 GREELEY,COLORADO 80634
GREELEY,CO 80631 82-335-1070 5/2/2008
PAY TO THE
ORDER OF Weld County Treasurer $ "82,538.90
Eighty-Two Thousand Five Hundred Thirty-Eight and 901100
•«•********************************************"* e*""*+e DOLLARS
Weld County Treasurer
MEMO
li'OLL77Sii' I: L07003353i: 0 4839 I'
WELD COUNTY PUBLIC TRUSTEE 1177 E
Weld County Treasurer 5/2/2008
Jan. to March 2008 Excess Funds 82,538.90
1ST National- CHEC 82,538.90
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