HomeMy WebLinkAboutF - 04 Report Cortland County Treasurer 03/2023March 2023 Treasurer’s Report
1. Trusts: (Funds Paid into Court)
Total Open Accounts: 1 in the process of being claimed & disbursed if /
when court-ordered.
2. Open Estates:
I have been approved as Administrator of a small estate in which I collect
and distribute estate assets to debtors. This is unique in that I, rather than
an attorney, do the legal paperwork. I received the invoice from Cortland
County Medicaid to satisfy the lien against the estate and sent a check with
the remaining funds in the account. I am waiting for the receipt from
Medicaid so I can close the estate.
I’m currently holding 7 open mortgage foreclosure estates, 5 of which I am
the Administrator. Auctions for mortgaged properties are arranged by a
court appointed “Referee” (attorney) independent of our office. Surplus
funds as a result of sale are considered “funds paid into court”, transferred
to the County Clerk for recording, then deposited with the Treasurer
(Trusts above) until claimed and disbursed or deemed abandoned and
transferred to the NYS Comptroller.
3. Delinquent Tax Foreclosure Auction: In November a list of potential
foreclosure parcels for years 2019, 2020, and 2021 was submitted to
Phillips Lytle to conduct title searches, which requires ~ 90 days. The
Petition of Foreclosure was filed with the County Clerk and notice mailed to
property owners in February. Property owners will have 90 days to enter
into a Delinquent Tax Agreement with the county to make partial payments.
Property can be reclaimed up to 9 business days before the scheduled
foreclosure auction by paying back taxes, fees, penalties, and accumulated
interest in full.
4. Treasurer Office Budget (MUNIS)
February 2021 $37,328,804 Actual
February 2022 $38,027,499 Actual
February 2023 ~$39,014,999 Estimated
John T. Banewicz
County Treasurer