HomeMy WebLinkAboutTR-41-90
TOWN OF NEWCASTLE
REPORT
File # /0'57. q
Res. # ~:36IqD
By-Law #
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DATE:
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GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
June 4, 1990
TR-41-90
FILE #:
CASH ACTIVITY REPORT - APRIL, 1990
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-41-90 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 April 30, 1990, is as shown on the attached
schedule; and
3. That Part A of the expenditures for the month of
April, 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 April 30, 1990 and the comparative
information for the month ended April 30, 1989.
Respectfully submitted,
Recommended for
presentation
to Committee
~~Marano R.BSe.,
Treasurer
Lawrence E. Kotseff
Chief Admi istrative
Officer
701
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of April, 1990
PART A
CASH ON HAND AT March 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 April 30,1990
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . .
Investments. . . . . . . . . . . . . . .
1990
$18,085,554
6,190,539
278,722
51,130
64,643
566,602
$25,237,190
3,721
370,087
895,930
1,489,012
2,758,750
$22,478,440
$ 2,806,990
19,671,450
$22,478,440
702
1989
$11,253,256
4,619,811
626,145
49,313
26,972
1, 158,348
$17,733,845
298,728
1,695,057
1,168,620
3,162,405
$14,571,440
$ 3,004,758
11,566,682
$14,571, 440
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of April, 1990
1990 1989
Balance Receivable- Mar.31,1990 $ 1,360,918 $ 768,726
Additions: Penalties & Interest.. 32,073 24,481
Taxes Billed.......... 8,689,674 6,806,006
10,082,665 7,599,213
Reductions:Payments and
Adjustments. . . . . . . . . . . 6,190,539 4,619,811
Balance Receivable-Apr. 30, 1990 $ 3,892,126 $ 2,979,402
STATISTICAL INFORMATION
for the Month of April, 1990
Payment Received - Taxes
- Other
10,889
926
Tax Certificates Issued
366
Dog Licenses Issued
87
Burial Permit Issued
28
Accounts Payable Cheques Issued
1,074
Cheque # 4816
9510
01730295
01741015
to
4827
9855
01730664
01741379
703
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of April 30, 1990
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Montreal 980,270 13.36 55D May 24th
b) Scotia 1,978,440 13.26 30D May 17th
c) Scotia 1,500,000 13.35 73D June 29th
d) CIBC 1,977,000 13.27 32D May 22nd
e) Montreal 976,290 13.43 66D June 29th
f) Toronto-Dominion 985,270 13.31 41D June 6th
RESERVE
a) C.I.B.C. 3,599,224 13.21 62D May 16th
b) Royal 2,442,425 13.24 65D Mar 25th
c) Montreal 2,470,250 13.32 33D May 2nd
d) Royal 980,940 13.38 53D May 25th
e) CIBC 999,437 13.35 59D June 1st
f) Toronto-Dominion 781,904 13.20 64D June 21st
19,671,450
704
LOT LEVIES - April, 1990
Ridge Pine Park BF Conc. $ 1,230.00 Lots 169,
Darlington & Clarke 585
Kingsberry Properties Pt. Lot 31, C. 2 $ 52,788.50 10M824
Darlington
Clinton Henning/ Pt. Lot 11, C. 1 $ 5,948.00 LD 508/89
812746 Ontario Ltd. Bowmanville
Glendon & Helen Andrews Pt. Lot 17, C. 5 $ 2,894.00 LD 627/89
Clarke
Harry Fisher Pt. Lot 30, C. 5 $ 2,894.00 LD 401/89
Darlington
w. Kay Lycett Pt. Lot 10, C. 6 $ 2,894.00 LD 428/89
Clarke
Peter Buma Pt. Lot 34 & 35, $ 2,894.00 LD 430/89
C. 3 Clarke
$ 71,542.50
705