HomeMy WebLinkAbout980260.tiff WELD COI," TY"
Willard G. Jones
PUBLIC TRUSTEE OF WELD COUNTY 1" " !".f 27 1,1 II: 50
1020 9T"Street,Number 202
Greeley, Colorado 80631 CLER'4
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Telephone: (970)352-4365 TO THE,;_E E,,,,, .
Fax: (970)352-5091
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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,
G?
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.Pe
June 6, 2000
My commission expires: �:�'•
DONNA L.
Witness my hand and official seal: ,Uloo-ke tl SCHMIDT
Notary Public NPt;
980260
Weld County Public Trustee
01/26198 Balance Sheet
As of December 31, 1997
Dec 31,'97
ASSETS
Current Assets
Checking/Savings
0.1000•Cash
0.1010•Checking-Union Colony Bank 110,666.65
0-1020• Reserve-Union Colony Bank 21,462.69
0-1030•Escrow-Union Colony Bank 9,296.75
0-1080-Cash on Hand 100.00
Total 0-1000•Cash 141,526.09
Total Checking/Savings 141,526.09
Total Current Assets 141,526.09
TOTAL ASSETS 141,526.09
LIABILITIES&EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
0-2100• Escrow Liability 9,205.61
0-2200• Payroll Liabilities
0-2210•Federal Withholding 1,755.00
0.2220•FICA-Employee Share 531.55
0.2230•FICA-Employer Share 531.15
0-2250•State Withholding _ 1,054.30
Total 0-2200• Payroll Liabilities 3,872.00
0-2300•Net Redemption Deposits Payable
0-2310•Redemption Received 2,501,086.20
0-2320• Redemption Refunded -3,351.01
0-2330 Redemption Paid -2,424,285.73
Total 0-2300•Net Redemption Deposits Payable 73,449.46
0-2400-Net Cure Deposits Payable
0-2410•Cures Received 133,325.32
0-2420•Cures Refunded -619.15
0-2430•Cures Paid -132,706.17
Total 0-2400-Net Cure Deposits Payable 0.00
0-2500•Net Sales Proceeds Payable
0-2510•Sales Received 1,097,597.03
0-2520 Sales Refunded -151,739.37
0-2530-Sales Paid -904,596.96
0-2540•Overbids Paid -41,260.70
Total 0-2500•Net Sales Proceeds Payable 0.00
Total Other Current Liabilities 86,527.07
Total Current Liabilities 86,527.07
Total Liabilities 86,527.07
Equity
Net Income 22,367.38
0.3200-Opening Fund Balance 32,631.64
Total Equity 54.999.02
TOTAL LIABILITIES&EQUITY 141,526.09
Weld County Public Trustee
01/26/98 Statement of Revenue and Expenditures
October through December 1997
Oct-Dec'97
Income
1-1000•Foreclosure Revenues
1-1110•Foreclosure Receipts 16,446.00
1.1120•Refunds-Foreclosure Deposits -834.87
1-1300•Public Trustee Fees 4,876.00
1-1800-Misc. Foreclosure Fees 336.00
1-1900•Adjustments-Foreclosures 580.21
Total 1-1000•Foreclosure Revenues 21,403.34
1-2000•Release Revenues
1-2100•Release Revenues Received 45,624.50
1.2120•Refunds-Releases -351.30
1.2800•Misc.Release Revenues 72.09
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 68,054.42
Expense
2-1000-Cost of Foreclosures
2-1100• Recording Costs-Foreclosures 1,057.50
2-1400•Publication Expense-Foreclosure 13,042.55
2-1500•Postage-Foreclosures 303.23
2.1800-Misc. Foreclosure Costs 94.00
Total 2-1000•Cost of Foreclosures 14,497.28
2-2000•Cost of Releases
2-2100•Recording Costs-Releases 19,024.00
2-2500-Postage-Releases 234.04
2-2800•Misc. Release Costs 579.00
Total 2-2000•Cost of Releases - 19,837.04
3-1000•Personnel Expenditures
3-1100•Salaries 11,224.00
3-1200•Trustee's Allowance 7,494.99
3-1300•Employer's Share FICA 1,477.10
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 21,070.75
4-0000•Other Expenditures
4.1100•Bank Service Charges 140.20
4-1150•Dues and Subscriptions 675.00
4-1200•Equipment Purchase 1,670.00
4-1250•Equipment Rental&Lease 542.75
4-1400•Insurance&Bond 76.00
4-1450•Office Supplies 179.76
4-1500•Postage and Delivery -37.27
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
Total 4-0000•Other Expenditures 6,386.32
6999• Uncategorized Expenses 0.00
Total Expense 61,791.39
Net Income 6,263.03
Weld County Public Trustee
01/26/98 Statement of Revenue and Expenditures
January through December 1997
Jan-Dec'97
Income
1.1000-Foreclosure Revenues
1-1110•Foreclosure Receipts 62,614.91
1-1120-Refunds-Foreclosure Deposits -2,520.54
1-1300-Public Trustee Fees 12,770.97
1-1800-Misc.Foreclosure Fees 1,125.40
1-1900•Adjustments-Foreclosures 1,000.81
Total 1-1000•Foreclosure Revenues 74,991.55
1-2000•Release Revenues
1.2100•Release Revenues Received 168,859.50
1-2120-Refunds-Releases -1,175.49
1-2800•Misc. Release Revenues 469.89
Total 1.2000•Release Revenues 168,153.90
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 247,927.20
Expense
2-1000-Cost of Foreclosures
2-1100•Recording Costs-Foreclosures 3,465.50
2-1400-Publication Expense-Foreclosure 46,453.07
2-1500• Postage-Foreclosures 865.83
2.1800• Misc.Foreclosure Costs 172.77
Total 2-1000•Cost of Foreclosures 50,957.17
2-2000-Cost of Releases
2-2100•Recording Costs-Releases 72,213.00
2-2500-Postage-Releases 899.08
2-2800•Misc.Release Costs 1,169.68
Total 2-2000•Cost of Releases 74,281.76
3.1000-Personnel Expenditures
3.1100•Salaries 43,928.03
3.1200-Trustee's Allowance 25,999.93
3-1300•Employer's Share FICA 5,354.13
3-1400• FUTA Tax 167.95
3-1500•SUTA Tax 205.82
3.1600•Empl.Health Insurance 4,030.46
Total 3-1000•Personnel Expenditures 79,686.32
4-0000•Other Expenditures
4-1100-Bank Service Charges 116.80
4-1150•Dues and Subscriptions 1,110.00
4-1200• Equipment Purchase 4,753.81
4-1250• Equipment Rental&Lease 2,601.60
4-1400•Insurance&Bond 519.00
4-1450•Office Supplies 355.54
4.1500-Postage and Delivery 67.63
4-1550•Professional Fees 1,178.50
4-1600-Rent 5,520.00
4-1650•Repair&Maintenance 808.45
4-1700•Telephone 2,644.12
4-1750•Travel and Conferences 726.10
4-1900•Miscellaneous Expense 233.02
Total 4-0000•Other Expenditures 20,634.57
6999•Uncategorized Expenses 0.00
Total Expense 225,559.82
Net Income 22,367.38
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