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  • Public Trustee

    2014 Budget Adopted

    2014 Budget Adopted

    The 2014 Jefferson County Public Trustee Budget was adopted Dec. 5, 2013.

    The Public Trustee budget has been separate from the county budget since 2012, when Colorado Revised Statutes were changed. The budget is presented to the Board of County Commissioners for its review.

    For 2014, a break-even budget of $900,518 has been prepared. The office is completely funded by fees set by statutes. No tax money is allocated to the Office of Public Trustee. In fact, at year’s end, excess fees collected are transferred to the county to provide services for citizens.

    Predicting the number of Foreclosures and Releases of Deeds of Trust is more of an art than a science. In preparing the 2014 budget, we reviewed statistics, reports from banks, mortgage lending associations and government reports.

    Reflected in the 2014 budget are projected numbers of Foreclosures and Releases of Deeds. For 2012, the Office recorded 2,650 foreclosures started and 38,619 Deeds of Trust released. At the end of November 2013, we had opened 1,230 Foreclosures. This figure puts us on track for 1,341 foreclosures in 2013, a projected decrease of 51% from 2012.

    When we look at Releases, we project 48,823 Releases processed for 2013, a 26% increase from 2012. Much of this increase is due to the strong refinancing activities in the first half of 2103. We are projecting a decrease in the numbers of Releases.

    For any questions about the Budget, please contact Public Trustee Margaret T. Chapman, mchapman@jeffco.us or 303-271-8576

    The Budget, Budget Message and Budget Resolution are all posted on our web site View Reports

    December 5, 2013

    Last Updated: 12-6-2013