HomeMy WebLinkAboutTR-4-90
TOWN OF NEWCASTLE
REPORT
File # /O,S? tJ
I
Res. # C, D I q 0
By-Law #
flEET I t{J:
DATE:
REPan #:
SUlliCT:
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
January 22, 1990
TR-4-90
FILE #:
CASH ACTIVITY REPORT - NOVEMBER, 1989
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-4-90 be received; and
2. That, in accordance with provision of Chapter 302,
Section 81 (1) of the Municipal Act, R.S.O. 1980,
the Treasurer reports to Committee that the cash
position of the Town of Newcastle for the month
ended November 30, 1989, is as shown on the attached
schedule; and
3. That Part A of the expenditures for the month of
November, 1989 be confirmed.
BACKGROUND & COMMENTS
The attached schedules indicate the Corporation of the Town
of Newcastle's cash transactions, the cash and investment
position, lot levy information and statistical information
for the month ended November 30, 1989 and the comparative
information for the month ended November 30, 1988.
Respectfully submitted,
Recommended for
presentation
to the Committee
/~~~~--
Lawrenc . Kotseff
Chief nistrative
Officef I
)
~)
l /'-(;;1/uf;;;'C)~~~~"-~-
a~ie A. Marano H.BSc.,
Treasurer
707
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of November, 1989
PART A
CASH ON HAND AT October 31,1989
Total Cash for General
Operating and Reserve
Fund purposes:
Taxes. . . . . . . . . . . . . . . . . . . . .
Grants. . . . . . . . . . . . . . . . . . . .
Interest-Reserve Funds....
-General Funds....
Other. . . . . . . . . . . . . . . . . . . . .
Total Cash Available.........
USE of funds
Expenditures
Debenture Charges.........
payroll. . . . . . . . . . . . . . . . . . .
General. . . . . . . . . . . . . . . . . . .
Interest. . . . . . . . . . . . . . . . . .
Levies - Region...........
- Schools..........
TOTAL EXPENSES
CASH on Hand as At Nov.30, 1989
ANALYSIS as follows
Cas h. . . . . . . . . . . . . . . . . . . . . .
Investments. . . . . . . . . . . . . . .
1989
$17,488,247
699,487
70,748
91,657
1. 446,649
$19,796,788
695
351,078
1,309,310
1.661.083
$18,135,705
$ 1,140,466
16,995,239
$18,135,705
708
1988
$12,620,125
445,223
9,309
85,017
19,353
680,110
$13,859,137
289,976
987,047
1,277,023
$12,582,114
$ 2,244,711
10,337,403
$12,582,114
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of November, 1989
1989 1988
Balance Receivable-Oct.3l, 1989 $ 3,253,978 $ 2,850,131
Additions: penalties & Interest.. 37,790 30,943
Taxes Billed.......... 739,077 345,874
4,030,845 3,226,948
Reductions:paYments and
Adjustments........... 697,543 445,223
Balance Receivable-Nov. 30, 1989 $ 3,333,302 $ 2,781,725
STATISTICAL INFORMATION
for the Month of November, 1989
PaYment Received - Taxes
- Other
989
1145
Tax Certificates Issued
651
4
Dog Licenses Issued
Accounts payable Cheques Issued
27
1074
Burial Permit Issued
Cheque # 01598180
01608015
4735
7205
to
01598534
01608362
4745
7587
709
CORPORATION OF THE TOWN OF NEWCASTLE
Investments outstanding
As of November 30, 1989
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Lloyds 2,000,000 12.20 77D Dec 15th
b) Montreal 1,465,005 12.11 72D Dec 15th
c) Toronto Dominion 1,471,455 12.00 59D Dec 15th
d) Royal 988,970 12.34 33D Dec 6th
e) Scotia 2,965,050 12.29 35D Dec 14th
f) Scotia 986,440 12.24 41D Jan 4/90
RESERVE
c) Toronto Dominion
2,999,749
2,468,325
1,650,360
12.22
12.33
12.20
61D
Dec 20th
a) C.I.B.C.
b) Royal
38D
Dec 22nd
90D
Feb 28/90
16,995,239
710
B. & R. Adams
J. Miskie
w. K. Lycett
Nesika Farms
760148 Ontario Inc.
Kiddicorp Investments
Melrose Development Inc.
Sam D. Jackson
Construction Ltd.
772503 Ontario Ltd./
Abek Real Estate Corp.
LOT LEVIES - November, 1989
Pt. Lot 30,C.10
Darlington
$ 2,894.00
Lot 34, C.2 2,894.00
Clarke
Pt. Lot 16, C. 3 2,894.00
Clarke
Pt. Lot 9, C. 6 7,958.50
Darlington
Lot 29, C.3 5,948.00
Darlington
Pt. Lot 33 & 34,C.2 256,507.50
Darlington
Pt. Lot 29, C. 3 5,948.00
Darlington
Pt. Lot 32 & 33, C. 2 8,922.00
Darlington
Pt. Lot 26, C. 2 127,882.00
Clarke
$421,848.00
7 1 1
LD023/89
LD495/89
LD677/88
18T-86062
LD321/89
& 322/89
10M824
LD468/89
& 469/89
LD669/89
& 671/89
10M827