HomeMy WebLinkAbout970769.tiffWillard G. Jones
PUBLIC TRUSTEE OF WELD COUNTY
1020 9TH Street, Number 202
Greeley, Colorado 80631
Telephone: (970) 352-4365
Fax: (970) 352-5091
April 10, 1997
Mr. Don Warden
County Finance Office Centennial Building
Centennial Building
Greeley, CO 80631
Dear Don:
n
Enclosed are the Public Trustee's financial statements for the quarter ending March 31,
1997. Fifty-two foreclosures were filed during this quarter and 2,674 releases were
processed. By comparison, during the first quarter of 1996, twenty-eight foreclosures
were filed and 2,470 releases were processed. The net -fund balance of the Public
trustee's office increased by $6,610.24, from $32,631.46 at 12/31/96 to $39,241.70 at
3/31/97.
If you or the commissioners have any 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,
Willard G. Jones
Weld County Public Trustee
Enclosures
Acknowledged before me this 10th day of April, 1997 by Willard G. Jones, Public
Trustee, County of Weld, State of Colorado.
JunoJunou, 6U.,00,
My commission expires:
Witness my hand and official seal:
CAist
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Notary Public
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DONNA L.
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970769
Weld County Public Trustee
04/10/97 Balance Sheet
As of March 31, 1997
Mar 31,'97
ASSETS
Current Assets
Checking/Savings
0-1000 • Cash
0-1010 • Checking - Union Colony Bank
0.1020 • Reserve - Union Colony Bank
0.1030 • Escrow - Union Colony Bank
0.1080 • Cash on Hand
Total 0-1000 • Cash
Total Checking/Savings
Total Current Assets
TOTAL ASSETS
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
0-2100 - Escrow Liability
0-2200 • Payroll Liabilities
0.2210 • Federal Withholding
0-2220 • FICA -Employee Share
0-2250 • State Withholding
Total 0-2200 - Payroll Liabilities
0-2300 - Net Redemption Deposits Payable
0.2310 • Redemption Received
0-2320 • Redemption Refunded
0-2330 • Redemption Paid
Total 0-2300 • Net Redemption Deposits Payable
0-2400 • Net Cure Deposits Payable
0.2410 • Cures Received
0.2430 • Cures Paid
20,089.67
20,838.12
9,256.44
100.00
50,284.23
50,284.23
50,284.23
50,284.23
9,256.44
709.00
433.49
643.60
1,786.09
686,074.07
-1,108.27
-684,965.80
44,483.49
-44,483.49
0.00
Total 0-2400 - Net Cure Deposits Payable 0.00
0.2500 • Net Sales Proceeds Payable
0-2510 • Sales Received 160,266.44
0-2520 • Sales Refunded -89,438.62
0-2530 - Sales Paid -70,765.44
0.2540 • Overbids Paid -62.38
Total 0.2500 - Net Sales Proceeds Payable
0.00
Total Other Current Liabilities 11,042.53
Total Current Liabilities 11,042.53
Total Liabilities 11,042.53
Equity
Net Income 6,610.24
0-3200 • Opening Fund Balance 32,631.46
Total Equity 39,241.70
TOTAL LIABILITIES & EQUITY 50,284.23
Weld County Public Trustee
04/10/97 Statement of Revenue and Expenditures
January through March 1997
Jan - Mar '97
Income
1-1000 • Foreclosure Revenues
1-1110 - Foreclosure Deposits
1-1120 - Refunds - Foreclosure Deposits
1.1300 • Public Trustee Fees
1.1800 • Misc. Foreclosure Fees
Total 1-1000 • Foreclosure Revenues
1.2000 • Release Revenues
1-2100 • Release Revenues Received
1.2120 • Refunds -Releases
1-2800 • Misc. Release Revenues
19,253.37
-916.46
480.47
81.39
18,898.77
38,285.00
-199.00
149.06
Total 1-2000 • Release Revenues 38,235.06
1.5000 - Miscellaneous Revenues/Fees
1.6000 • Interest Revenues
1.6500 • Interest - Checking
1-6510 - Interest - Reserves
854.17
200.42
19.00
Total 1-6000 - Interest Revenues 1,054.59
Total Income 58,207.42
Expense
2-1000 • Cost of Foreclosures
2-1100 • E&D Recording Costs -Foreclosure 490.00
2-1200 - Affidavit Expense -Foreclosures 12.00
2-1400 - Publication Expense -Foreclosure 10,068.36
2-1760 • Certificate of Purchase 112.00
2-1770 • Withdrawl Recording Expense 125.00
2-1780 • Deed of Trust Expense 61.75
2-1800 • Misc. Foreclosure Costs 1.00
Total 2-1000 • Cost of Foreclosures
2-2000 • Cost of Releases
2-2100 - Recording Costs -Releases
2-2200 • Affidavite Expense -Release
2-2800 - Misc. Release Costs
10,870.11
16,932.00
11.00
131.50
Total 2.2000 • Cost of Releases 17,074.50
3.1000 - Personnel Expenditures
3.1100 • Salaries 10,556.00
3-1200 • Trustee's Allowance 6,199.98
3-1300 • Employer's Share FICA 848.31
3-1600 - Empl. Health Insurance 1,252.00
Total 3-1000 • Personnel Expenditures 18,856.29
4-0000 • Other Expenditures
4-1100 • Bank Service Charges
4-1150 • Dues and Subscriptions
4-1250 - Equipment Rental & Lease
4-1450 • Office Supplies
4-1500 • Postage and Delivery
4-1550 • Professional Fees
4.1600 - Rent
4-1650 • Repair & Maintenance
4-1700 • Telephone
4-1750 • Travel and Conferences
4-1900 • Miscellaneous Expense
Total 4-0000 • Other Expenditures
6999 • Uncategorized Expenses
Total Expense
Net Income
49.60
435.00
1,053.75
60.89
500.00
235.00
1,380.00
137.40
637.39
110.00
197.25
4,796.28
0.00
51,597.18
6,610.24
04/10/97
Weld County Public Trustee
Revenues and Expenditures Budget Comparison
January through March 1997
Income
1.1000 • Foreclosure Revenues
1.1110 • Foreclosure Deposits
1.1120 • Refunds - Foreclosure Deposits
1-1300 - Public Trustee Fees
1-1800 - Misc. Foreclosure Fees
Total 1.1000 • Foreclosure Revenues
1-2000 • Release Revenues
1-2100 • Release Revenues Received
1-2120 • Refunds -Releases
1-2800 - Misc. Release Revenues
Total 1.2000 • Release Revenues
1-5000 • Miscellaneous Revenues/Fees
1-6000 • Interest Revenues
1-6500 • Interest - Checking
1-6510 • Interest - Reserves
1.6000 • Interest Revenues - Other
Total 1-6000 • Interest Revenues
Total Income
Expense
2-1000 • Cost of Foreclosures
2-1100 • E&D Recording Costs -Foreclosure
2.1200 • Affidavit Expense -Foreclosures
2.1400 • Publication Expense -Foreclosure
2.1760 • Certificate of Purchase
2.1770 • Withdrawl Recording Expense
2.1780 • Deed of Trust Expense
2.1800 • Misc. Foreclosure Costs
Total 2-1000 - Cost of Foreclosures
2.2000 • Cost of Releases
2-2100 • Recording Costs -Releases
2-2200 • Affidavite Expense -Release
2-2800 • Misc. Release Costs
Total 2-2000 • Cost of Releases
3-1000 • Personnel Expenditures
3.1100 • Salaries
3-1200 • Trustee's Allowance
3-1300 - Employer's Share FICA
3-1600 • Empl. Health Insurance
Total 3-1000 - Personnel Expenditures
4-0000 • Other Expenditures
4.1100 • Bank Service Charges
4.1150 • Dues and Subscriptions
4-1200 • Equipment Purchase
4-1250 - Equipment Rental & Lease
4-1400 • Insurance & Bond
4-1450 • Office Supplies
4-1500 • Postage and Delivery
4.1550 • Professional Fees
4-1600 • Rent
4-1650 • Repair & Maintenance
4-1700 • Telephone
4-1750 • Travel and Conferences
4-1900 • Miscellaneous Expense
Total 4-0000 • Other Expenditures
6999 • Uncategorized Expenses
Total Expense
Net Income
Jan - Mar '97
Budget % of Budget
19,253.37 40,000.00
-916.46
480.47
81.39
18,898.77 40,000.00
38,285.00 158,000.00
-199.00
149.06 1,400.00
38,235.06 159,400.00
19.00
854.17
200.42
0.00 2,900.00
1,054.59 2,900.00
58,207.42 202,300.00
490.00
12.00
10,068.36
112.00
125.00
61.75
1.00
10,870.11
16,932.00
11.00
131.50
17,074.50
10,556.00
6,199.98
848.31
1,252.00
18,856.29
49.60
435.00
0.00
1,053.75
0.00
60.89
500.00
235.00
1,380.00
137.40
637.39
110.00
197.25
4,796.28
0.00
51,597.18
70,000.00
25,000.00
48.1%
47.2%
24.2%
10.6%
24.0%
0.0%
36.4%
28.8%
0.7%
40.3%
95,000.00 11.4%
45,000.00
26,000.00
7,000.00
4,000.00
82,000.00
250.00
650.00
3,500.00
2,400.00
650.00
1,000.00
2,000.00
1,500.00
5,600.00
2,900.00
1,225.00
2,000.00
23,675.00
200,675.00
6,610.24 1,625.00
23.5%
23.8%
12.1%
31.3%
23.0%
19.8%
66.9%
0.0%
43.9%
0.0%
6.1%
25.0%
15.7%
24.6%
22.0%
9.0%
9.9%
20.3%
25.7%
406.8%
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