HomeMy WebLinkAbout20062132.tiff WELD COUNTY PUBLIC TRUSTEE
809 9TH STREET, #1
GREELEY, CO 80631
July 27,2006
Mr.Don Warden
PO Box 758
Greeley,CO 80632
Dear Don:
As of June 30, 2006 our total number of releases for the quarter are 4,270 and the year to date
total is 10,160. Our total foreclosures for the quarter are 507 and the year to date is 999.
If you or the commissioners have questions regarding theses reports or the operation of the
Public Trustees Office,please let me know and I will be happy to try to answer them. If I do not
hear from you I will assume these reports are acceptable.
Sincerely,
Mary H ert C�
Weld County Public Trustee
Enclosures
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WELD COUNTY PUBLIC TRUSTEE
BUDGET 2007
Income
Foreclosure Revenues 950,000
Release Revenues 416,000
Interest Revenues 90.000
Total Income 1,455,000
Cost of Foreclosures
Cost of Foreclosures 490,000
Cost of Releases 117.000
Total Cost of Foreclosure 607,000
Personnel Expenses
Salaries 295,000
Trustees Allowance 48,500
FICA,Medicare 20,057
FUTA 560
SUTA 1030
Employee Retirement 22,000
Employee Health,Life 40.000
Total Personnel Expenses 427.147
Office/Other
Bank Service Charges 40
Dues and Subscriptions 1,000
Equipment Purchase 65,000
Equipment Lease 4,000
Insurance/Bond 5,000
Office Supplies 19,000
Postage/Delivery 11,200
Professional Fees 15,000
Rent 24,600
Meetings 500
Maintenance&Repair 3,500
Telephone 5,150
Travel&Conferences 1,000
Utilities 7,000
Miscellaneous 8.500
Total Office/Other 170.490
Total Personnel&Office Expense 597.637 .
Total Expenses 1.204,637
Net Income 250.363
9:36 AM Weld County Public Trustee
08/03/06 Balance Sheet
Accrual Basis As of June 30,2006
Jun 30,06
ASSETS
Current Assets
CMdcing/Savings
0.1000•Cash
0.1011•UNION COLONY-CHECKING 311,077.74
0.1025•UCB-6132316/CD 278,516.56
0.1032•MMA-UNION COLONY BANK 10,324.79
0.1060•Cash on Hand 100.00
Total 0-1000•Cash 600,019.09
Total Cheddng/Savings 600,019.09
Other Current Assets
0.1496•SHORT CHECKS RECEIVED 183.00
Total Other Current Assets 183.00
Total Current Assets 600 202.09
TOTAL ASSETS 600,202.09
LIABILRIES&EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
04200•Payroll Liabilities
0-2210•Federal Withholding 1,386.60
04220•FICA-Employs Share 1,077.48
0.2230•FICA-Employer Share 1,077A6
0-2240•Federal Unemployment Tax-FUTA 25.76
0-2250•State Withholding 2,601.00
0-2260•Stab Unemployment SUTA 218.89
Total 0-2200•Payroll Liabilities 6,387.21
0-2300•Net Redemption Deposits Payable
0.2310•Redemption Received 94,481,818.42
0.2320•Redemption Refunded 832,705.84
0-2330•Redemption Paid -95,216,517.40
04300•Net Redemption Deposits Payable-Other 18,177.68
Total 0-2300•Net Redemption Deposits Payable 116,184.54
0-2400•Net Cure Deposits Payable
0-2410•Cures Received 3,342261.33
0-2420-Cures Refunded -10,195.86
0-2430.Cures Paid -3,281,764.92
0.2400•Net Cure Deposits Payable-Other -3,177.12
Total 0-2400•Net Cure Deposits Payable 47,123.43
0-2500•Net Sales Proceeds Payable
0-2510•Sales Received 21,815,735.90
0-2520•Sales Refunded -560,656.87
0-2530•Sales Pald -21,288,571.46
0-2540.Overbids Paid -248,645.61
0-2500•Net Sales Process Payable-Other 108,808.17
Total 04500•Net Sales Proceeds Payable -173,329.87
Total Other Current Liabilities -3,634.69
Total Current Liabilities -3,634.69
Total Liabilities -3,634.69
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9:38 AM Weld.County Public Trustee
08I03/06 Balance Sheet
Accrual Baais As of June 30,2006
Jun 30,06
Equity
O-3100•Fund Balance 840,151.03
0-3200•Beg Fund Balance 12/31186 32,631.65
Net Income -268,945.90
Total Equity 603,836.78
TOTAL LLABILn1ES&EQUITY 600,202.09
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9:38 AM Weld County Public Trustee
08103/06 Profit & Loss
Accrual Basis January through June 2006
Jan-Jun 06
Income
1.1000•Foreclosure Revenues
1.1110•Foreclosure Receipts 438,828.91
1-1130'Overbid 5,674.46
11300•Public Trustee Fees 1,387.80
1-1800•Misc.Foreclosure Fees 26,889.63
1.1000•Foreclosure Revenues-Other 731.19
Total 1.1000•Foreclosure Revenues 473,491.99
1-2000•Release Revenues
1.2100•Release Revenues Received 216,993.29
1-2800•Misc.Release Revenues 1.92
1.2000•Release Revenues•Other -9,143.00
Total 1-2000•Release Revenues 207,852.21
14000•Interest Revenues
14510•Interest-Reserves 63,161.78
Total 14000•Interest Revenues 63,161.78
Total Income 744,505.98
Expense
2-1000•Cost of Foreclosures
2-1100•Recording Costs-Foreclosures 23,773.25
2-1300.Overbid Paid 12,194.64
2-1400•Publication Expense-Foreclosure 180,825.78
2.1800•Misc.Foreclosure Costs 16,582.57
Total 2-1000•Cost of Foreclosures 233,378.24
2-2000•Cost of Releases
2-2100•Recording Costs-Releases 56,225.00
2-2800•Misc.Release Costs 1,940.50
2.2000•Cost of Releases-Other 101.50
Total 2.2000•Cost of Releases 58,267.00
3.1000•Personnel Expenditures
3-1100-Salaries 105,310.98
3-1200•Trustee's Allowance 24,250.02
3-1300•Employers Share FICA 9,911.42
31700•Retirement Fund Contributions 8,068.10
Total 3-1000•Personnel Expenditures 147,540.52
4-0000•Other Expenditures
4.1200•Equipment Purchase 4,979.41
41250•Equipment Rental&Lease 1,422.00
41400-Insurance&Bond 16,887.49
4-1425•Meetings 15.00
4-1800•UTILITIES 2,876.67
41450.Office Supplies 7,468.36
41500•Postage and Delivery 4,000.00
41550•Professional Fees 3,559.90
4-1600•Rent 11.900.00
4-1650•Repair&Maintenance 1,389.24
4-1700•Telephone 2,221.97
4-1899•Return to Weld County 512,753.00
4-1900•Miscellaneous Expense 4,795.08
Total 4-0000.Other Expenditures 574,288.12
8999•Uncategorized Expenses 0.00
Total Expense 1,013,451.88
Net Income -288,945.90
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