HomeMy WebLinkAbout980221.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
•
January 15, 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 December 31,1997.
Sixty- four foreclosures were filed during this quarter and 3,140 releases were processed. By
comparison, during the fourth quarter of 1996, 36 foreclosures were filed and 2796 releases were
processed. For the twelve months ending December 31,1997, a total of 211 foreclosures were
filed and 11,668 releases processed. This compares to 114 foreclosures filed and 11,044 releases
processed during fiscal 1996.
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,
T ( 1 LL� «i / �Y
Willard G. Jones
Weld County Public Trustee
Enclosures
Acknowledged before me this 20th day of January1998,by Willard G. Jones, Public Trustee,
County of Weld, State of Colorado.
SPRY..P�B�i
My commission expires: June 6, 2000 '` C
�p� f DONNA L. °:
Witness my hand and official seal: /��� �1 �-/e-may!/QZ SCHMIDT :
Notary Public "if=. O r
//,2G/9l 980221
Weld County Public Trustee
01/20/98 Statement of Revenue and Expenditures
October through December 1997
Oct-Dec'97
Income
1.1000• Foreclosure Revenues
1-1110• Foreclosure Receipts 16446.00
1-1120•Refunds-Foreclosure Deposits -834.87
1-1300•Public Trustee Fees 4,881.00
1-1800•Misc.Foreclosure Fees 331.00
Total 1-1000-Foreclosure Revenues 20,823.13
1-2000•Release Revenues
1.2100•Release Revenues Received 45,624.50
1-2120• Refunds-Releases -344.90
1-2800•Misc.Release Revenues 65.69
Total 1-2000•Release Revenues 45,345.29
1-6000• Interest Revenues
1-6500• Interest-Checking 1,003.64
1.6510-Interest-Reserves 211.01
1-6000•Interest Revenues-Other 91.14
Total 1-6000• Interest Revenues 1,305.79
Total Income 67,474.21
Expense
2-1000•Cost of Foreclosures
2-1100-Recording Costs-Foreclosures 2,926.71
2-1400•Publication Expense-Foreclosure 11,173.34
2.1800•Misc.Foreclosure Costs 67.00
2-1900• Misc.Foreclosure Adjustments -237.37
Total 2-1000-Cost of Foreclosures 13,929.68
2.2000•Cost of Releases
2-2100• Recording Costs-Releases 19,024.00
2-2900-Misc.Release Adjustments 170.81
2.2000 Cost of Releases-Other 579.00
Total 2-2000•Cost of Releases 19,773.81
3-1000-Personnel Expenditures
3.1100-Salaries 11,224.00
3-1200•Trustee's Allowance 7,294.99
3-1300•Employer's Share FICA 1,416.53
3-1400• FUTA Tax 0.00
3-1500•SUTA Tax 0.00
3-1600•Empl.Health Insurance 1,074.66
Total 3-1000• Personnel Expenditures 21,010.18
4.0000•Other Expenditures
4.1100•Bank Service Charges 21.70
4-1150•Dues and Subscriptions 675.00
4-1200• Equipment Purchase 1,756.68
4-1250• Equipment Rental&Lease 542.75
4.1400•Insurance&Bond 76.00
4-1450•Office Supplies 93.08
4-1500• Postage and Delivery 158.77
4-1550• Professional Fees 283.50
4.1600•Rent 1,380.00
4-1650•Repair&Maintenance 450.55
4-1700•Telephone 745.13
4-1750•Travel and Conferences 280.70
4.1900-Miscellaneous Expense 60.57
Total 4-0000•Other Expenditures 6,524.43
6999•Uncategorized Expenses 0.00
Total Expense 61,238.10
Net Income 6,236.11
Weld County Public Trustee
01/20/98 Statement of Revenue and Expenditures
January through December 1997
Jan-Dec'97
Income
1-1000•Foreclosure Revenues
1-1110• Foreclosure Receipts 63,060.91
1-1120-Refunds-Foreclosure Deposits -2,567.79
1-1300•Public Trustee Fees 12,934.97
1-1800• Misc.Foreclosure Fees 1,131.40
Total 1-1000•Foreclosure Revenues 74,559.49
1-2000•Release Revenues
1-2100-Release Revenues Received 168,646.50
1.2120•Refunds-Releases -1,203.09
1-2800•Misc.Release Revenues 448.91
1-2000• Release Revenues-Other 351.00
Total 1-2000-Release Revenues 168,243.32
1-5000•Miscellaneous Revenues/Fees 393.63
1-6000• Interest Revenues
1.6500•Interest-Checking 3,865.62
1.6510•Interest-Reserves 824.99
1-6000 Interest Revenues-Other 91.14
Total 1.6000•Interest Revenues 4,781.75
Total Income 247,978.19
Expense
2.1000•Cost of Foreclosures
2-1100•Recording Costs-Foreclosures 7,122.07
2.1400•Publication Expense-Foreclosure 44,263.22
2-1800• Misc.Foreclosure Costs 409.90
2-1900• Misc.Foreclosure Adjustments -505.81
Total 2-1000•Cost of Foreclosures 51,289.38
2-2000•Cost of Releases
2-2100-Recording Costs-Releases 73,010.00
2.2800 Misc.Release Costs 590.68
2-2900•Misc.Release Adjustments 835.85
2-2000•Cost of Releases-Other 579.00
Total 2.2000-Cost of Releases 75,015.53
3-1000•Personnel Expenditures
3-1100•Salaries 43,928.03
3-1200•Trustee's Allowance 25,999.93
3-1300•Employer's Share FICA 5,353.22
3-1400• FUTA Tax 167.95
3-1500-SUTA Tax 205.82
3-1600•Empl.Health Insurance 4,494.78
Total 3-1000•Personnel Expenditures 80,149.73
4-0000-Other Expenditures
4-1100• Bank Service Charges 263.05
4-1150• Dues and Subscriptions 1,110.00
4.1200-Equipment Purchase 4,840.49
4-1250•Equipment Rental&Lease 2,696.60
4-1400• Insurance&Bond 519.00
4-1450 Office Supplies 326.21
4-1500•Postage and Delivery 937.13
4-1550•Professional Fees 1,196.00
4-1600• Rent 6,440.00
4.1650•Repair&Maintenance 1,025.65
4-1700•Telephone 2,652.38
4-1750•Travel and Conferences 612.70
4-1900-Miscellaneous Expense 406.99
Total 4-0000•Other Expenditures 23,026.20
6999-Uncategorized Expenses 0.00
Total Expense 229,480.84
Weld County Public Trustee
01/20/98 Statement of Revenue and Expenditures
January through December 1997
Jan-Dec'97
Net Income 18,497.35
Weld County Public Trustee
01/20/98
Balance Sheet
As of December 31, 1997
Dec 31,'97
ASSETS
Current Assets
Checking/Savings
0-1000•Cash 106,942.04
0.1010•Checking-Union Colony Bank ,942.04,462.69
0-1020-Reserve-Union Colony Bank 01 1
0.1030•Escrow-Union Colony Bank 9100.00
0-1080-Cash on Hand
-
Total 0-1000-Cash 137,801.48
Total Checking/Savings 137,801.48
Total Current Assets 137,801.48
137,801.48
TOTAL ASSETS — _.
LIABILITIES&EQUITY
Liabilities
Current Liabilities
Other Current Liabilities 9,205.61
0-2100•Escrow Liability
0-2200•Payroll Liabilities
531.55
0-2210•Federal Withholding 1,755.00
0-2220• FICA-Employee Share 531.15
0.2230•FICA-Employer Share 534.35
0-2250•State Withholding 1,054.30
Total 0-2200•Payroll Liabilities 3,872.00
0.2300•Net Redemption Deposits Payable 2,360,511.31
0-2310•Redemption Received
0.2320•Redemption Refunded 63,665.36
0-2330•Redemption Paid -2,350,622.59
Total 0-2300•Net Redemption Deposits Payable 73,554.08
0.2400•Net Cure Deposits Payable 133,325.32
0.2410•Cures Received -578.35
0-2420•Cures Refunded -132,706.17
0-2430•Cures Paid
Total 0-2400• Net Cure Deposits Payable 40.80
0.2500• Net Sales Proceeds Payable 1,097,597.03
0-2510•Sales Received -151,739.37
0-2520•Sales Refunded -904,596.96
0-2530•Sales Paid -41,260.70
0-2540•Overbids Paid _ _.,
Total 0-2500•Net Sales Proceeds Payable 0.00
Total Other Current Liabilities _ 86,672.49
Total Current Liabilities _ 86,672.49
86,672.49
Total Liabilities
Equity 18,497.35
38,497.3
Net Income 5
0-3200-Opening Fund Balance _. _. ._ 4
51,128.99
Total Equity —-
TOTAL LIABILITIES&EQUITY _ _ 137,801.48
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