HomeMy WebLinkAbout20182351.tiffJuly 17, 2018
OFFICE OF THE PUBLIC TRUSTEE
WELD COUNTY, COLORADO
Barbara Connolly, Controller
Weld County Accounting Dept.
PO Box 758
Greeley, CO 80631
Email: bconnolly()a,co.weld.co.us
Dear Barb:
Attached are the second quarter 2018 Profit & Loss statement and Summary of Accounts along
with the signed and notarized Acknowledgement. This office processed 88 Foreclosures and
4,862 Releases this quarter. A comparison of 2017 and 2018 second quarters, show a 7%
increase in foreclosures and 12% decrease of Releases for that period April through June.
The amount of excess funds for second quarter 2018 is $13,112.64. As mandated by statute, the
Public Trustee must keep a separate reserve fund in an amount equal to total operating costs of
the previous year. The operating expenses for 2017 totaled $302,730.99. The interest earned
on the reserve fund second quarter is $756.87. At the end of the year, the total interest earned
on the reserve fund will be forwarded to the Weld County Treasurer.
A check in the amount of $13,112.64 will be sent to the Weld County Treasurer for deposit into
the Public Trustee Sala Fund upon approval. Please let me know if you have any questions.
Public ustee
Susie Velasquez, Public Trustee
1701 23' Avenue, Suite 250, Greeley, CO 80634
(970) 3524365
www.wcpt.o.coni
(7 r+
07/G5/18-
2018-2351
Weld County Public Trustee
Profit & Loss
April to June 2018
Profit and Loss April - June 2018
Ordinary Income/Expense
Income
Total Income
4000 Foreclosure Revenues
4012 Release Revenues
4022 Miscellaneous Revenues/Fees
4300 Interest Revenues
6300 Cost of Foreclosures
6302 Cost of Releases
26,701.74
64,530.00
3,352.11
867.22
95,451.07
10,693.25
67.48
Total Cost 10,760.73
Gross Profit 84,690.34
Expense
6200 Charges for Service
5200 Personnel expenditures
6280 Operating and Maintenance
Total Expense
Net Ordinary Income Second Quarter
Other Income/Expense
6875 • Net Income
10,851.95
59,674.66
1,051.09
71,577.70
13,112.64
13,112.64
March 31, 2018
June 30, 2018
March 31, 2018
June 30, 2018
March 31, 2018
June 30, 2018
SUMMARY OF ACCOUNTS
WELD COUNTY PUBLIC TRUSTEE
SECOND QUARTER APRIL THROUGH JUNE 2018
OPERATING ACCOUNT
BEGINNING BALANCE
31, 664.08
Excess cash over expense: $ 2,742.16
ENDING BALANCE $ 34,406.24
ESCROW ACCOUNT
BEGINNING BALANCE $ 394,997.75
Excess cash over expenses $ (121,442.59)
ENDING BALANCE $ 273,555.16
SPECIAL RESERVE FUND
BEGINNING BALANCE $ 314,762.58
Excess cash over expense: $ (8,773.62)
ENDING BALANCE $ 305,988.96
2nd Quarter 2018 Interest Earned on Reserve $ 756.87
2017 Operating Exp. 302,730.99
To Public Trustee Salary Fund
$ 3,257.97
WELD COUNTY PUBLIC TRUSTEE
Weld County, Colorado
First Quarter Report of Receipts & Expenditures
April to June 2018
I, Susie Velasquez, upon oath duly sworn, state that the information contained herein is
true and correct t• the-best-o€-my,Imow edge and belief
espectfully submitted,
ubl c Trustee
STATE OF COLORADO )
COUN Y OF WELD )
The oreg• g instrument was acknowledged before me this 17th day of July 2018 by Susie
Vel : sciu: ► eld Public Trustee.
1C
ommission expires:
//s-A0 I
JULIE CATHLEEN COLE
NOTARY PUBLIC
STATE Of COLORADO
NOTARY ID 20134016081
MY COMMISSION EXPIRES MARCH 15, 2021
Acknowledgement
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