HomeMy WebLinkAbout20150396.tiff OFFICE OF THE PUBLIC TRUSTEE
WELD COUNTY, COLORADO 9 Pv-A r
cou NT. :
January 28, 2015
_Barbara Connolly, Controller
Weld County Accounting Department
PO Box 758
Greeley, CO 80631
Dear Barb:
Enclosed are the fourth quarter 2014 Profit&Loss statement and Summary of
Accounts along with the signed and notarized acknowledgement. There are no
excess funds for fourth quarter 2014.
Public Trustee offices throughout the state of Colorado are experiencing the same
downturn in the number of foreclosures. Foreclosures continue to decrease in
Weld County as well.
According to CRS 38-37-104(3), if, in any particular quarter, the Public Trustee's
operating expenses exceed the fees collected in the quarter, the Public Trustee
may draw on the special reserve fund to cover operating expenses for that quarter.
Please let me know ifyou have any questions.
eas
Si - . y,
usie elasquez
Public Trustee
Enclosures
Susie Velasquez,Esq.
Weld County Public Trustee
170123'Avenue,Suite 250,Greeley,CO 80634
(970)3.52-4365
www.wcpto.com
P�pr 1-S 2015-0396
a- v— , 5�
Weld County Public Trustee
Profit&Loss
October to December 2014
Profit and Loss Oct- Dec.
Ordinary Income/Expense
Income
4000 Foreclosure Revenues 39,135.10
4012 Release Revenues 60,825.00
4022 Miscellaneous Revenues/Fees 4,286.68
4300 Interest Revenues 1,606.24
Total Income 105,853.02
6300 Cost of Foreclosures 12,503.00
6302 Cost of Releases 60.08
Total Cost 12,563.08
Gross Profit 93,289.94
Expense
6200 Charges for Service 979.65
5200 Personnel expenditures 80,882.97
6280 Operating and Maintenance 13,230.98
Total Expense 95,093.60
Net Ordinary Income Second Quarter -1,803.66
Other Income/Expense
6875• Net Income -1,803.66
Total Other Expense 0.00
Net Other Income 0.00
•
SUMMARY OF ACCOUNTS
WELD COUNTY PUBLIC TRUSTEE
FOURTH QUARTER-OCTOBER TO DECEMBER 2014
OPERATING ACCOUNT
September 30, 2014 BEGINNING BALANCE $ 23,072.33
Excess cash over expense: $ (7,170.97)
December 31, 2014 ENDING BALANCE $ 15,901.36
ESCROW ACCOUNT
September 30, 2014 BEGINNING BALANCE $ 119,762.34
Excess cash over expense $ 952.97
December 31, 2014 ENDING BALANCE $ 120,715.31
SPECIAL RESERVE FUND
September 30, 2014 BEGINNING BALANCE $ 370,846.60
Excess cash over expense $ (207.60)
December 31, 2014 ENDING BALANCE $ 370,639.00
4th Quarter 2014 Interest earned on Reserve $ 1,470.07
2013 Operating Exp. $ 421,888.45
WELD COUNTY PUBLIC TRUSTEE
Weld County, Colorado
Fourth Quarter Report of Receipts & Expenditures
October to December 2014
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.
Res ect 1y submitted,
Sit ` 4u2ruee
STATE OF COLORADO )
COUNTY OF WELD )
This instrument was acknowledged before me this / day f January 2015 by Susie
Velasquez as the Public Trustee for the County o eld, S of Colorado.
Witness my hand and seal
JULIE COLE N0 blic
NOTARY PUBLIC
STATE OF COLORADO
NOTARY ID 20134016881
MY COMMISSION EXPIRES MARCH 15,2017
Acknowledgement
Hello