HomeMy WebLinkAbout990038.tiff WILLARD 6. JONES
PUBLIC TRUSTEE OF WELD COUNTY
1020 9th Street No. 202
Greeley, Colorado 80631
(970) 352-4365
FAX: (970) 352-5091
January 15,1999
Mr. Don Warden
County Finance Office
Centennial Building
Greeley, CO 80631
Dear Don
Enclosed are the Public Trustee's financial statements for the year ending December .
31,1998. Two hundred twenty seven foreclosures were filed last year and 17,754 releases
were processed. By comparison, 211 foreclosures were filed and 11,668 releases were
processed in1997.
If you or the commissioners have questions regarding these 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.
•
71y,
Weld County Public rustee
Enclosures
•
Acknowledged before me this 15 day of January 1999,by Willard G. Jones, Public
Trustee, County of Weld, State of Colorado.
My commission expires: June 6, 2000
Witness my hand and official seal:,,411_,E LJu�ycl
Notary Public �pF,Y pG
SCNIJiiDT
t V Oba vT o F..AqoAq l..
990038
Weld County Public Trustee
01/08/99 Balance Sheet
As of December 31, 1998
Dec 31,'98
ASSETS
Current Assets
Checking/Savings
0-1000•Cash
0-1010•Checking-Union Colony Bank 154,186.08
0-1020•Reserve-Union Colony Bank 22,307.49
0-1030•Escrow-Union Colony Bank 9,478.04
0-1080•Cash on Hand 100.00
Total 0-1000•Cash 186,071.61
Total Checking/Savings 186,071.61
Total Current Assets 186,071.61
TOTAL ASSETS 186,071.61
LIABILITIES&EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
0-2100-Escrow Liability 9,205.61
0.2200•Payroll Liabilities
0-2210•Federal Withholding 1,561.51
0.2220•FICA-Employee Share 604.60
0-2230•FICA-Employer Share 604.60
0-2240•Federal Unemployment Tax-FUTA 6.22
0.2250•State Withholding 1,052.55
0-2260 State Unemployment SUTA 2.33
Total 0.2200•Payroll Liabilities 3,831.81
0-2300•Net Redemption Deposits Payable
0-2310•Redemption Received 5,857,129.38
0-2320•Redemption Refunded -49,581.42
0-2330•Redemption Paid -5,769,611.05
0-2300•Net Redemption Deposits Payable-Other -34,099.05
Total 0-2300•Net Redemption Deposits Payable 3,837.86
0-2400•Net Cure Deposits Payable
0-2410•Cures Received 239,546.30
0-2420 Cures Refunded -62.44
0-2430-Cures Paid -212,270.75
Total 0-2400•Net Cure Deposits Payable 27,213.11
0-2500 Net Sales Proceeds Payable
0-2510•Sales Received 2,102,860.79
0-2520•Sales Refunded -235.12
0-2530-Sales Paid -2,129,313.27
0-2540•Overbids Paid -7,411.45
0-2500•Net Sales Proceeds Payable-Other 34,099.05
Total 0-2500'Net Sales Proceeds Payable 0.00
Total Other Current Liabilities 44,088.39
Total Current Liabilities 44,088.39
Total Liabilities 44,088.39
Equity
0-3100•Fund Balance 22,729.16
Net Income 86,622.42
0.3200•Beg Fund Balance 12/31/96 32,631.64
Total Equity 141,983.22
TOTAL LIABILITIES&EQUITY 186,071.61
Weld County Public Trustee
01/08/99 Revenues and Expenditures Budget Comparison
Jan-Dec'98 Budget %of Budget
Income
1-1000•Foreclosure Revenues
1-1110.Foreclosure Receipts 70,856.61 85,000.00 83.4%
1.1120•Refunds-Foreclosure Deposits -6,144.96
1.1300•Public Trustee Fees 21,593.00
1-1800•Misc.Foreclosure Fees 2,108.65
1-1900•Adjustments-Foreclosures 730.08
Total 1-1000•Foreclosure Revenues 89,143.38 85,000.00 104.9%
1-2000•Release Revenues
1-2100•Release Revenues Received 274,537.43 200,000.00 137.3%
1-2120•Refunds-Releases -13,960.45
1-2800•Misc.Release Revenues 301.64
Total 1-2000•Release Revenues 260,878.62 200,000.00 130.4%
1-5000•Miscellaneous Revenues/Fees 690.22
1-6000•Interest Revenues
1-6500•Interest-Checking 6,127.45 6,000.00 102.1%
1-6510•Interest-Reserves 965.15
Total 1-6000-Interest Revenues 7,092.60 6,000.00 118.2%
Total Income 357,804.82 291,000.00 123.0%
Expense
2-1000•Cost of Foreclosures
2-1100•Recording Costs-Foreclosures 4,733.00 60,000.00 7.9%
2-1400•Publication Expense-Foreclosure 57,102.02
2-1500•Postage-Foreclosures 2,957.51
2-1800•Misc.Foreclosure Costs 232.36
Total 2-1000•Cost of Foreclosures 65,024.89 60,000.00 108.4%
2-2000•Cost of Releases
2-2100•Recording Costs-Releases 95,946.15 90,000.00 106.6%
2-2500•Postage-Releases 583.70
2-2800•Misc.Release Costs 23.50
Total 2-2000•Cost of Releases 96,553.35 90,000.00 107.3%
3-1000-Personnel Expenditures
3-1100•Salaries 49,579.45 49,350.00 100.5%
3-1200•Trustee's Allowance 26,000.03 32,000.00 81.3%
3-1300•Employees Share FICA 5,781.77 6,225.00 92.9%
3-1400•FUTA Tax 183.88 175.00 105.1%
3-1500-SUTA Tax 242.04 250.00 96.8%
3-1600•Empl.Health Insurance 4,704.88 5,400.00 87.1%
Total 3-1000•Personnel Expenditures 86,492.05 93,400.00 92.6%
4-0000•Other Expenditures
4-1100-Bank Service Charges 284.00 120.00 236.7%
4-1150•Dues and Subscriptions 0.00 1,200.00 0.0%
4-1200-Equipment Purchase 7,645.32 6,000.00 127.4%
4-1250•Equipment Rental&Lease 2,249.75 5,000.00 45.0%
4.1400•Insurance&Bond 1,022.73 550.00 186.0%
4-1450•Office Supplies 533.43 400.00 133.4%
4.1500•Postage and Delivery 253.39 1,200.00 21.1%
4-1550•Professional Fees 1,495.20 2,500.00 59.8%
4-1600•Rent 5,520.00 6,000.00 92.0%
4-1650•Repair&Maintenance 1,550.22 1,500.00 103.3%
4-1700.Telephone 1,958.38 3,000.00 65.3%
4.1750•Travel and Conferences 612.09 1,000.00 61.2%
4-1900•Miscellaneous Expense -12.40 500.00 -2.5%
Total 4-0000•Other Expenditures _ 23,112.11 28,970.00 79.8%
6999•Uncategorized Expenses 0.00
Total Expense 271,182.40 272,370.00 99.6%
Net Income 86,622.42 18,630.00 465.0%
(n003'
Hello