HomeMy WebLinkAboutTR-9-90
TOWN OF NEWCASTLE
REPORT
File #/D.57. 9
Res. # /3 S<', t:; D
By-Law #
M:ET If'll:
DATE:
REPCRT #:
SURECT:
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
February 19, 1990
TR-9-90
FILE #:
CASH ACTIVITY REPORT - JANUARY, 1990
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-9-90 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 January 31, 1990, is as shown on the attached
schedule; and
3. That Part A of the expenditures for the month of
January, 1990 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 January 31, 1990 and the comparative
information for the month ended January 31, 1989.
Respectfully submitted,
Recommended for
presentation
to the Committee
{jJjJ:p I
LawrenceE. Kotseff
Chief A~inistrative
Office]] j
cf~-
Marie A. Marano H.BSc.,
Treasurer
7 q Cs
. c. J
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of January, 1990
PART A
CASH ON HAND AT December 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 Jan.3l, 1990
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . .
Investments. . . . . . . . . . . . . . .
1990
$13,341,667
479,238
857,120
8,401
79,366
1,980,919
$16,746,711
63,619
392,053
1,500,916
1, 956,588
$14,790,123
$ 5,241,533
9,548,590
$14,790,123
706
1989
$ 9,193,156
290,037
545,000
133,201
14,009
1,417,960
$11,593,363
61,625
315,955
1,712,040
2,089,300
$ 9,504,063
$ 2,379,893
7,124,170
$ 9,504,063
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of January, 1990
1990 1989
Balance Receivable-Dec.31, 1989 $ 2,890,332 $ 1,943,538
Additions: Penalties & Interest. . 31,471 22,911
Taxes Billed..........
2,921,803 1,966,449
Reductions:Payments and
Adjustments........... 479,238 290,037
Balance Receivable-Jan. 31, 1990 $ 2,442,565 $ 1,676,412
STATISTICAL INFORMATION
for the Month of January, 1990
Payment Received - Taxes
- Other
474
1,032
Tax Certificates Issued
329
Dog Licenses Issued
111
Burial Permit Issued
21
Accounts Payable Cheques Issued
790
Cheque # 4765
8145
01642166
01653538
to
4781
8614
01642536
01653909
707
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of January 31, 1990
INVESTMENT PLACED WITH AMOUNT
INTEREST
RATE
TERMS
DUE DATE
GENERAL
a) Lloyds
1,000,000
12.30
60D
Feb 20th
RESERVE
a) Toronto Dominion 1,650,360 12.20 90D Feb 28th
b) C.I.B.C. 3,499,740 12.30 85D Mar 15th
c) Royal 2,427,150 12.31 89D Mar 21st
d) Scotia 971,340 12.24 88D Apr 21st
9,548,590
708
LOT LEVIES - January, 1990
J & M Marzec Pt. Lot 35, c. 1 $ 2,894.00 LD 546/89
Darlington
Wm. Tonno Constr. Pt. Lot 33, C. 3 20,818.00 LD 696 -
Darlington 699/89
Kingsberry Properties Pt. Lot 31, C. 2 52,788.50 18T88038
Darlington
$ 76,500.50
709