HomeMy WebLinkAbout20173820.tiffOFFICE OF THE PUBLIC TRUSTEE
WELD COUNTY, COLORADO
October 30, 2017
Barbara Connolly, Controller
Weld County Accounting Dept.
PO Box 758
Greeley, CO 80631
Dear Barb:
Attached are the third quarter 2017 Profit & Loss statement and Summary of Accounts along
with the signed and notarized Acknowledgement. This office processed 4,643 Releases and 100
Foreclosures third quarter for a 22% increase in Foreclosures and 5% decrease in Releases.
The amount of excess funds for third quarter 2017 is $8,999.36. Pursuant to statute, the Public
Trustee must pay to the Weld County Treasurer any excess funds upon approval by the
Commissioners.
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 2016 totaled
$312,279.17. The interest earned on the reserve fund second quarter is $343.98. At the end of
the year, the total interest earned on the reserve fund will be forwarded to the Weld County
Treasurer.
Once approval is received from the Commissioners, a check in the amount of $8,999.36 will be
sent to the Weld County Treasurer for deposit into the Public Trustee Salary Fund. Let me
know if you hestions.
Public rustee
Susie Velasquez, Public Trustee
170123' Avenue, Suite 250, Greeley, CO 80634
(970) 352-4365
www.wcpto.com
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2017-3820
Weld County Public Trustee
Profit & Loss
July to September 2017
Profit and Loss July - September 2017
Ordinary Income/Expense
Income
Total Income
Total Cost
Gross Profit
Expense
4000 Foreclosure Revenues
4012 Release Revenues
4022 Miscellaneous Revenues/Fees
4300 interest Revenues
6300 Cost of Foreclosures
6302 Cost of Releases
6200 Charges for Service
5200 Personnel expenditures
6280 Operating and Maintenance
Total Expense
Net Ordinary Income Fourth Quarter
Other Income/Expense
6875 • Net Income
29,029.89
69,570.00
2,089.39
441.49
101,130.77
11,843.99
101.30
11,945.29
89,185.48
10,354.55
53,921.62
15,909.95
80,186.12
8,999.36
8,999.36
SUMMARY OF ACCOUNTS
WELD COUNTY PUBLIC TRUSTEE
THIRD QUARTER JULY TO SEPTEMBER
OPERATING ACCOUNT
June 30, 2017 BEGINNING BALANCE $ 32,112.84
Excess cash over expense! $ (4,340.05)
September 30, 2017 ENDING BALANCE $ 27,772.79
ESCROW ACCOUNT
June 30, 2017 BEGINNING BALANCE $ 121,480.29
Excess cash over expense: $ 495,590.20
September 30, 2017
June 30, 2017
September 30, 2017
ENDING BALANCE $ 617,070A9
SPECIAL RESERVE FUND
BEGINNING BALANCE $ 312,978.94
Excess cash over expense: $ 343.98
ENDING BALANCE $ 313,322.92
3rd Quarter 2017 Interest Earned on Reserve $ 343.98
2016 Operating Exp. 312,279.17
To Public Trustee Salary Fund $ 1,043.75
WELD COUNTY PUBLIC TRUSTEE
Weld County, Colorado
Third Quarter Report of Receipts & Expenditures
July to September 2017
I, Susie Velasquez, upon oath duly sworn, state that the information contained herein is
true and correct to the best of my knowledge and belief.
STATE OF COLORADO )
COUNTY OF WELD )
This instrument was acknowledged before me this 3 .►:y of October 2017 by Susie Velasquez
as the Public Trustee for the County of Weld, Stat of C t orad
Witness my hand and seal
JULIE CATHLEEN COLE
NOTARY PUBLIC
STATE OF COLORADO
NOTARY ID 20134016881
MY COMMISSION EXPIRES MARCH 15, 2021
Acknowledgement
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