HomeMy WebLinkAboutTR-24-90
TOWN OF NEWCASTLE
REPORT
File II /0. 5-1. tJ~
Res. II j{~) J q 0
By-Law II
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DATE:
~T #:
SURECT :
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
April 23, 1990
TR-24-90
FILE #:
CASH ACTIVITY REPORT - MARCH, 1990
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-24-90 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 March 31, 1990, is as shown on the attached
schedule; and
3. That Part A of the expenditures for the month of
March, 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 March 31, 1990 and the comparative
information for the month ended March 31, 1989.
Respectfully submitted,
Recommended for
presentation
to the Committee
lfJf~sc. ,
Treasurer
Lawrence E. Kotseff
Chief Administrative
Officer
731
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of March, 1990
PART A
CASH ON HAND AT February 28,1990
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes. . . . . . . . . . . . . . . . . . . . .
Gr an t s . . . . . . . . . . . . . . . . . . . .
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 Mar.31, 1990
ANALYSIS as follows
Cas h. . . . . . . . . . . . . . . . . . . . . .
Investments. . . . . . . . . . . . . . .
1990
$24,116,461
660,095
198,512
113,109
998,826
$26,087,003
2,765
573,488
1,124,598
1,489,012
4,811,586
8,001, 449
$18,085,554
$ 3,189,180
14,896,374
$18,085,554
732
1989
$15,996,057
720,938
76,459
49,631
973,243
$17,816,328
3,321
462,553
1,110,756
1,168,620
3,817,822
6,563,072
$11,253,256
$ 2,406,255
8,847,001
$11,253,256
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of March, 1990
1990 1989
Balance Receivable-Feb.28, 1990 $ 1,982,237 $ 1,459,491
Additions: Penalties & Interest. . 38,776 30,173
Taxes Billed..........
2,021,013 1,489,664
Reductions:Payments and
Adjustments........... 660,095 720,938
Balance Receivable-Mar. 31, 1990 $ 1,360,918 $ 768,726
STATISTICAL INFORMATION
for the Month of March, 1990
Payment Received - Taxes
- Other
1,214
1,130
Tax Certificates Issued
Dog Licenses Issued
620
199
Burial Permit Issued
16
Accounts Payable Cheques Issued
1,592
Cheque # 4802
9253
01689740
01705383
01717473
to
4815
9463
01690107
01705754
01717841
733
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of March 31, 1990
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Toronto Dominion 1,466,745 13.35 62D Apr 30th
b) Scotia 1,986,400 13.15 19D Apr 17th
c) Montreal 980,270 13.36 55D May 24th
RESERVE
a) Scotia 971,340 12.24 88D Apr 2nd
b) Scotia 979,720 12.59 60D Apr 3rd
c) C.I.B.C. 3,599,224 13.21 62D May 16th
d) Royal 2,442,425 13.24 65D May 25th
e) Montreal 2,470,250 13.32 33D May 2nd
14,896,374
734
Wm. Read
Wm. Tonno Construction
Kiddicorp Investment
LOT LEVIES - March, 1990
Pt. Lot 7, C. 2 $ 2,894.00
Clarke
Pt. Lot 33, C. 2 $ 8,922.00
Darlington
Pt. Lot 14, C. 1 $205,206.00
Bowmanville
$217,022.00
735
LD 323/89
LD 688, 689,
690/89
10M833