HomeMy WebLinkAboutTR-56-90
TOWN OF NEWCASTLE
REPORT
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DATE:
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SUR.ECT :
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
July 9, 1990
TR-56-90
FILE #:
CASH ACTIVITY REPORT - MAY, 1990
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-56-90 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 May 31, 1990, is as shown on the attached
schedule; and
3. That Part A of the expenditures for the month of
May, 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 May 31, 19'90 and the comparative
information for the month ended May 31, 1989.
Respectfully submitted,
Recommended for
presentation
to the Committee
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A
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ie A. Marano H.BSc.,
Treasurer
705
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of May, 1990
PART A
CASH ON HAND AT April 30,1990
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.........
P ayro 11. . . . . . . . . . . . . . . . . . .
General. . . . . . . . . . . . . . . . . . .
Interest. . . . . . . . . . . . . . . . . .
Levies - Region...........
- Schools..........
TOTAL EXPENSES
CASH on Hand as At May 31, 1990
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . .
Investments. . . . . . . . . . . . . . .
1990
$22,478,440
316,799
863,530
210,965
66,505
797,093
$24,733,332
399,524
2,188,753
2,588,277
$22,145,055
$ 2,047,731
20,097,324
$22,145,055
104
1989
$14,571,440
496,536
283,603
66,110
61,798
847,335
$16,326,822
329,235
1,199,739
1, 528,974
$14,797,848
$ 2,002,067
12,795,781
$14,797,848
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of May, 1990
1990
Balance Receivable- Apr.30,1990 $ 3,892,126
Additions: Penalties & Interest..
Taxes Billed..........
43,752
3,935,878
Reductions:PaYments and
Adjustments...........
316,799
Balance Receivable-May 31, 1990 $ 3,619,079
STATISTICAL INFORMATION
for the Month of May, 1990
PaYment Received - Taxes
- Other
Tax Certificates Issued
Dog Licenses Issued
Burial Permit Issued
Accounts Payable Cheques Issued
Cheque # 4828
9856
01752688
01766469
to
705
1989
$ 2,979,402
34,037
3,013,439
496,536
$ 2,516,903
4848
10187
01753082
01766875
552
1,091
274
56
20
1,135
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of May 31, 1990
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Scotia 1,500,000 13.35 73D June 29th
b) Montreal 976,290 13.43 66D June 29th
c) Toronto-Dominion 985,270 13.31 41D June 6th
d) Montreal 981,120 13.51 52D June 29th
e) Scotia 99,003 13.62 27D June 13th
f) Scotia 1,879,651 13.62 29D June 15th
g) Scotia 1,971,900 13.65 38D June 29th
RESERVE
a) CIBC 999,437 13.35 59D June 1st
b) Toronto-Dominion 781,904 13.20 64D June 21st
c) Toronto-Dominion 1,481,595 13.34 34D June 5th
d) C.I.B.C. 3,799,540 13.57 35D June 20th
e) Scotia 1,000,000 12.50 ID June 1st
f) Royal 3,641,614 13.93 42D July 6th
20,097,324
706
LOT LEVIES - May, 1990
Henry Heerschop Pt. Lot 28, C. 2 $ 2,974.00 LD 263/89
Clarke
H. & M. Best Pt. Lot 29, C. 5 $ 2,894.00 LD 316/89
Clarke
J. & S. Carscadden Pt. Lot 7, C. 7 $ 2,894.00 LD 505/89
Clarke
Newcastle Meadows Pt. Lot 11, C. 2 $120,447.00 10M835
Bowmanville
Doreen Newell Pt. Lot 10, C. 6 $ 14,470.00 LD 720 to
Clarke 724/89
Nor Arm Dev. Pt. Lot 9, C. 1 $ 14,870.00 18T88076
Bowmanville
$158,549.00
707