Wednesday, January 26, 2011

Pinching pennies

Posted By on Wed, Jan 26, 2011 at 11:05 AM

As El Paso County Clerk turned County Treasurer Bob Balink likes to say, efficient government doesn't have to be an oxymoron.

Screen_shot_2011-01-25_at_5.24.05_PM.png

And El Paso County Public Trustee Tom Mowle is an example.

In a news release, Mowle says last year his office "conserved" $897,913.16 in funds that will be available to El Paso County’s general fund this year.

He also says his costs have been dropping over time. Here's a visual:

Screen_shot_2011-01-25_at_5.18.56_PM.png
  • Provided by Tom Mowle.

He notes that 2010 expenses were 7.3 percent less than 2009 expenses. Expenses for salaries and benefits decreased 1.8 percent, the cost of services provided by El Paso County decreased 41.8 percent, and other operating expenses decreased $16.8 percent.

The Public Trustee also has a fiduciary responsibility for money paid to cure, purchase, or redeem property. In 2010, we received $45,318,197.38 in such proceeds, down $4.7 million or 9.3% from 2009. The reduced proceeds were primarily due to the reduction in properties sold to third parties at auction, from 279 properties sold in 2009 to 251 sold in 2010. This reduced sale proceeds by $3.2 million, or 8%. Fewer properties were redeemed by lienors, 35 in 2010 compared to 52 in 2009. This reduced redemption proceeds by $2.1 million, or 27%. Cure proceeds increased in 2010, as 219 borrowers brought their loans current, compared to 154 in 2009. Proceeds from cures increased almost $600,000, or 26%.

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