HomeMy WebLinkAboutTR-15-90
TOWN OF NEWCASTLE
REPORT
File # I'D. !S 7 ' q
Res. # ,9~~:3 '1D
By-law #
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GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
April 2, 1990
TR-15-90
FILE #:
CASH ACTIVITY REPORT - FEBRUARY, 1990
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-15-90 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 February 28, 1990, is as shown on the attached
schedule; and
3. That Part A of the expenditures for the month of
February, 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 February 28, 1990 and the comparative
information for the month ended February 28, 1989.
Respectfully submitted,
Recommended for
presentation
to the Committee
H.BSc.,
701
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of February, 1990
PART A
CASH ON HAND AT January 31,1990
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 Feb.28, 1990
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . .
Investments. . . . . . . . . . . . . . .
1990
$14,790,123
9,555,377
53,596
50,842
711,780
$25,161,718
377,011
668,246
1, 045,257
$24,116,461
$ 6,376,081
17,740,380
$24,116,461
702
1989
$ 9,504,063
7,310,901
56,822
6,919
725,398
$17,604,103
311,075
1,296,971
1, 608,046
$15,996,057
$ 2,690,315
13,305,742
$15,996,057
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of February, 1990
1990 1989
Balance Receivable-Jan.31, 1990 $ 2,442,565 $ 1,676,412
Additions: Penalties & Interest. . 28,535 20,931
Taxes Billed.......... 9,066,257 7,073,049
11,537,357 8,770,392
Reductions:Payments and
Adjustments........... 9,555,120 7,310,901
Balance Receivable-Feb. 28, 1990 $ 1,982,237 $ 1,459,491
STATISTICAL INFORMATION
for the Month of February, 1990
Payment Received - Taxes
- Other
16,459
1,064
Tax Certificates Issued
347
236
Dog Licenses Issued
Burial Permit Issued
22
Accounts Payable Cheques Issued
1,122
Cheque # 4782
8615
01664624
01677389
to
4801
8992
01665001
01677760
703
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of February 28, 1990
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Montreal 3,452,995 13.08 38D Mar 30th
b) Scotia 1,481,325 13.15 35D Mar 30th
c) Royal 1,483,185 13.35 31D Mar 29th
e) Toronto Dominion 1,466,745 13.35 62D Apr 30th
RESERVE
a) C.I.B.C. 3,499,740 12.30 85D Mar 15th
b) Royal 2,427,150 12.31 89D Mar 21st
c) Scotia 971,340 12.24 88D Apr 2nd
d) Scotia 979,720 12.59 60D Apr 3rd
e) Toronto Dominion 1,978,180 13.42 30D Mar 30th
17,740,380
7
LOT LEVIES - February, 1990
Maurice O'Neill Pt. Lot 10, C. 2 $ 2,894.00 LD 66/89
Clarke
Kingsberry Properties Pt. Lot 35, C. 2 2,974.00 LD 82/90
Darlington
Hamilton & Associates Pt. Lot 23, C. 4 2,894.00 LD 500/89
Darlington
Hamilton & Associates Pt. Lot 8, C. 4 5,788.00 LD 176 &
Darlington 177/89
Scott & McCormick Pt. Lot 33, C. 2 2,974.00 LD 510 &
Darlington 511/89
Veltri & Sons Corp. Pt. Lot. 8, C. 1 23,792.00 LD 413 -
Bowmanville 416/89
$ 41, 316.00
705