HomeMy WebLinkAboutTR-6-90
TOWN OF NEWCASTLE
REPORT
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Res. # ;;, I efO
By-Law #
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DATE:
REPffiT #:
SUBJ::CT:
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
February 5, 1990
TR-6-90
FILE #:
CASH ACTIVITY REPORT - DECEMBER, 1989
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-6-90 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 December 31, 1989, is as shown on the attached
schedule; and
3. That Part A of the expenditures for the month of
December, 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 December 31, 1989 and the comparative
information for the month ended December 31, 1988.
Respectfully submitted,
Recommended for
presentation
to the Committee
Ma fa A. Marano H.BSc.,
Treasurer
. Kotseff
nistrative
710
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of December, 1989
PART A
CASH ON HAND AT November 30,1989
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. . . . . . . . . . . . . . . . . . .
Interes t. . . . . . . . . . . . . .. . . .
Levies - Region...........
- Schools..........
TOTAL EXPENSES
CASH on Hand as At Dec.31, 1989
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . .
Investments. . . . . . . . . . . . . . .
1989
$18,135,705
977,800
91,015
100,330
171,009
1, 086,133
$20,561,992
384,250
2,024,508
4,811,567
7,220,325
$13,341,667
$ 329,102
13,012,565
$13,341, 667
7 1 1
1988
$12,582,114
911,459
44,092
66,601
50,849
766,266
$14,421,381
321,512
1,151,814
3,754,899
5,228,225
$ 9,193,156
$ 1,775,753
7,417,403
$ 9,193,156
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of December, 1989
1989 1988
Balance Receivable-Nov.30, 1989 $ 3,333,302 $ 2,781,725
Additions: Penalties & Interest. . 33,249 27,519
Taxes Billed.......... 473,865 76,421
3,840,416 2,885,665
Reductions:PaYments and
Adjustments........... 950,084 942,127
Balance Receivable-Dec. 31, 1989 $ 2,890,332 $ 1,943,538
STATISTICAL INFORMATION
for the Month of December, 1989
PaYment Received - Taxes
- Other
1285
711
Tax Certificates Issued
330
Dog Licenses Issued
o
28
Burial Permit Issued
Accounts Payable Cheques Issued
1472
Cheque # 4746
7588
1619153
1631516
to
4764
8144
1619507
1632093
712
LOT LEVIES - December, 1989
Challenger park/ Pt. Lot 26, C. 2 $127,882.00 10M827
Abek Real Estate Corp. Clarke
Bruce Taylor Pt. Lot 23, C. 7 2,894.00 LD278/89
Darlington
Newcastle Company Pt. Lot 31 & 32, 180,088.25 10M790,
Tenancy C. 2, Darlington & 10M792
Kiddicorp Inv. Pt. Lot 14, C. 1 102,603.00 18T87030
Bowmanville
Ridge Pine Park BF Conc. 1,845.00 Lots 747
Darlington & Clarke 756 & 717
J. Henry Eikens Pt. Lot 35, C. 5 2,894.00 LD315/89
Clarke
$418,206.25
71 "7
, J
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of December 31, 1989
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Scotia 986,440 12.24 41D Jan 4/90
b) Royal 1,479,495 12.34 41D Jan 16th
c) Scotia 1,969,380 12.34 46D Jan 29th
d) Lloyds 1,000,000 12.30 60D Feb 20th
RESERVE
a) Toronto Dominion
1,650,360
3,499,740
12.20
90D
Feb 28th
b) C.I.B.C.
c) Royal
12.30
85D
Mar 15th
2,427,150
12.31
89D
Mar 21st
13,012,565
714