HomeMy WebLinkAbout982053.tiff Willard G. Jones
PUBLIC TRUSTEE OF WELD COUNTY
1020 9T"Street,Number 202
Greeley, Colorado 80631
Telephone: (970)352-4365
Fax: (970)352-5091
October 9, 1998
Mr. Don Warden
County Finance Office Centennial Building
Centennial Building
Greeley, CO 80631
Dear Don:
Enclosed are the Public Trustee's Financial statements for the quarter ending September 30,1998.
Fifty-seven foreclosures were filed during this quarter and 5069 releases were processed .By
comparison ,during the third quarter of 1997,52 foreclosures were filed and 3004 releases were
processed.
If you or the commissioners have questions regarding these reports or the operation of the Public
Trustee's 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 that these reports are acceptable.
Sincerely,
Zr .71fii�s .X✓�
Weld County Public Trustee
Enclosures
Acknowledged before me this 9 day of October 1998, by Willard G. Jones, Public Trustee,
County of Weld, State of Colorado.
My commission expires: June,6, 2000 r
Witness my hand and official seal: �p-pC,12a�_ ���L06K-e \P‘.! p00
Notary Public "' •.�i�
I DONNA L.
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Weld County Public Trustee
10/02/98 Balance Sheet
As of September 30, 1998
Sep 30,'98
ASSETS
Current Assets
Checking/Savings
0-1000•Cash
0-1010•Checking-Union Colony Bank 288,211.58
0-1020 Reserve-Union Colony Bank 22,061.78
0-1030•Escrow-Union Colony Bank 9,358.96
0-1080•Cash on Hand 100.00
Total 0-1000•Cash 319,732.32
Total Checking/Savings 319,732.32
Total Current Assets 319,732.32
TOTAL ASSETS 319,732.32
LIABILITIES&EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
0-2100-Escrow Liability 9,205.61
0.2200•Payroll Liabilities
0-2210• Federal Withholding 1,366.00
0.2220 FICA-Employee Share 487.29
0-2230-FICA-Employer Share 487.28
0-2240•Federal Unemployment Tax-FUTA 5.65
0-2250•State Withholding 999.29
0-2260•State Unemployment SUTA 4.91
Total 0-2200• Payroll Liabilities 3,350.42
0-2300•Net Redemption Deposits Payable
0.2310•Redemption Received 5,360,766.18
0-2320•Redemption Refunded -49,308.62
0-2330• Redemption Paid -5,126,160.25
Total 0-2300• Net Redemption Deposits Payable 185,297.31
0-2400•Net Cure Deposits Payable
0-2410•Cures Received 190,799.10
0-2430•Cures Paid -190,799.10
Total 0-2400-Net Cure Deposits Payable 0.00
0-2500•Net Sales Proceeds Payable
0-2510•Sales Received 1,893,314.32
0.2530-Sales Paid -1,890,870.58
0-2540•Overbids Paid -2,443.92
Total 0-2500•Net Sales Proceeds Payable -0.18
Total Other Current Liabilities 197,853.16
Total Current Liabilities 197,853.16
Total Liabilities 197,853.16
Equity
0-3100-Fund Balance 23,941.37
Net Income 65,306.15
0-3200• Beg Fund Balance 12/31/96 32,631.64
Total Equity 121,879.16
TOTAL LIABILITIES&EQUITY 319,732.32
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Weld County Public Trustee
10/02/98 Revenues and Expenditures Budget Comparison
Jan-Sep'98 Budget %of Budget
Income
1-1000•Foreclosure Revenues
1.1110•Foreclosure Receipts 53,393.02 85,000.00 62.8%
1.1120•Refunds-Foreclosure Deposits -5,692.64
1-1300• Public Trustee Fees 16,188.00
1-1800•Misc.Foreclosure Fees 1,787.65
1-1900-Adjustments-Foreclosures 932.64
Total 1-1000•Foreclosure Revenues 66,608.67 85,000.00 78.4%
1-2000•Release Revenues
1-2100•Release Revenues Received 196,900.18 200,000.00 98.5%
1-2120• Refunds-Releases 472.55
1-2800• Misc.Release Revenues 252.97
1-2000-Release Revenues-Other 16.00
Total 1-2000•Release Revenues 197,641.70 200,000.00. 98.8%
1-5000-Miscellaneous Revenues/Fees 689.21
1.6000-Interest Revenues
1.6500•Interest-Checking 2,901.33 6,000.00 48.4%
1-6510• Interest-Reserves 531.25
1-6000•Interest Revenues-Other 69.11
Total 1-6000•Interest Revenues 3,501.69 6,000.00 58.4%
Total Income 268,441.27 291,000.00 92.2%
Expense
2-1000•Cost of Foreclosures
2-1100-Recording Costs-Foreclosures 3,806.00 60,000.00 6.3%
2-1400-Publication Expense-Foreclosure 43,231.70
2-1500-Postage-Foreclosures 1,427.68
2.1800•Misc. Foreclosure Costs 174.86
2-1000•Cost of Foreclosures-Other 29.00
Total 2-1000•Cost of Foreclosures 48,669.24 60,000.00 81.1%
2.2000•Cost of Releases
2-2100•Recording Costs-Releases 79,056.70 90,000.00 87.8%
2-2500•Postage-Releases 251.28
2-2800•Misc.Release Costs 23.50
2-2000•Cost of Releases-Other 17.00
Total 2-2000•Cost of Releases 79,348.48 90,000.00 88.2%
3-1000•Personnel Expenditures
3-1100-Salaries 35,711.60 49,350.00 72.4%
3-1200•Trustee's Allowance 19,500.02 32,000.00 60.9%
3-1300•Employer's Share FICA 4,223.66 6,225.00 67.8%
3-1400• FUTA Tax 177.66 175.00 101.5%
3.1500-SUTA Tax 188.44 250.00 75.4%
3-1600• Empl. Health Insurance 3,472.90 5,400.00 64.3%
Total 3-1000• Personnel Expenditures 63,274.28 93,400.00 67.7%
4-0000•Other Expenditures
4-1100-Bank Service Charges 127.62 120.00 106.4%
4-1150•Dues and Subscriptions 0.00 1,200.00 0.0%
4-1200•Equipment Purchase 0.00 6,000.00 0.0%
4-1250•Equipment Rental&Lease 1,538.75 5,000.00 30.8%
4-1400•Insurance&Bond 941.73 550.00 171.2%
4-1450•Office Supplies 219.74 400.00 54.9%
4-1500• Postage and Delivery 762.34 1,200.00 63.5%
4-1550• Professional Fees 709.70 2,500.00 28.4%
4-1600- Rent 4,140.00 6,000.00 69.0%
4-1650• Repair&Maintenance 1,412.82 1,500.00 94.2%
4-1700•Telephone 1,466.74 3,000.00 48.9%
4-1750•Travel and Conferences 370.09 1,000.00 37.0%
4-1900•Miscellaneous Expense 153.59 500.00 30.7%
Total 4-0000•Other Expenditures 11,843.12 28,970.00 40.9%
6999-Uncategorized Expenses 0.00
Total Expense 203,135.12 272,370.00 74.6%
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Weld County Public Trustee
10/02/98 Revenues and Expenditures Budget Comparison
Jan-Sep'98 Budget %of Budget
Net Income 65,306.15 18,630.00 350.5%
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