HomeMy WebLinkAboutTR-75-90
TOWN OF NEWCASTLE
REPORT
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GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
September 4, 1990
TR-75-90
FILE #:
CASH ACTIVITY REPORT - JUNE, 1990
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-75-90 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 June 30, 1990, is as shown on the attached
schedule; and
3. That Part A of the expenditures for the month of
June, 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 June 30, 1990 and the comparative
information for the month ended June 30, 1989.
Respectfully submitted,
Recommended for
presentation
to Committee
~rano H.BSc.,
Treasurer
70]
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of June, 1990
PART A
CASH ON HAND AT May 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 June 30, 1990
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . .
Investments. . . . . . . . . . . . . . .
1990
$22,145,055
12,505,338
34,763
110,265
170,845
297,479
$35,263,745
432,162
1,404,911
6,931,532
8,768,605
$26,495,140
$ 3,291,894
23,203,246
$26,495,140
7' (''"''
, ,It!
1989
$14,797,848
10,952,858
98,586
70,223
741,286
$26,660,801
344,684
1,533,050
5,805,363
7,683,097
$18,977,704
$ 3,162,560
15,815,144
$18,977,704
CONTINUITY OF TAXES RECEIVABLE
CORPORATION OF THE TOWN OF NEWCASTLE
for the month of June, 1990
1990
Balance Receivable- May 31,1990 $ 3,619,079
Additions: Penalties & Interest.. 41,167
Taxes Billed.......... 13,636,870
17,297,116
Reductions:PaYments and
Adjustments........... 12,596,205
Balance Receivable-June 30, 1990 $ 4,700,911
STATISTICAL INFORMATION
for the Month of June, 1990
PaYment Received - Taxes
- Other
Tax Certificates Issued
Dog Licenses Issued
Burial Permit Issued
Accounts Payable Cheques Issued
Cheque * 4869
10188
01777119
01789048
to
703
1989
$ 2,516,903
30,166
10,083,479
12,630,548
10,952,858
$ 1,677,690
16,281
955
273
43
26
1,264
4871
10641
01777521
01789471
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of June 30, 1990
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Montreal 986,560 13.81 36D July 13th
b) Montreal 985,260 13.65 40D July 25th
c) Toronto-Dominion 988,970 13.57 30D July 20th
d) Montreal 1,470,375 13.62 54D August 15th
e) Toronto-Dominion 1,975,780 13.56 33D July 25th
f) Montreal 985,680 13.60 39D August 3rd
g) Scotia 3,913,760 13.63 59D August 27th
RESERVE
a) Royal 3,641,614 13.93 42D July 6th
b) Royal 987,240 13.88 34D July 5th
c) Montreal 987,280 13.83 34D July 5th
d) Toronto-Dominion 1,581,472 13.80 31D July 6th
e) C.I.B.C. 3,699,737 13.57 30D July 2nd
f) C.I.B.C. 999,518 13.60 55D August 15th
23,203,246
7 4
LOT LEVIES - June, 1990
A. Fiorini Pt. Lot 18, C. 4 $ 2,894.00 LD 202/90
Darlington
Walker, Gold Pt. Lot 33, C. 2 $ 17,844.00 LD 542/89 -
Fax & Schwarz Darlington 545/89
616588 Ontario Ltd. Pt. Lot 12, C. 2 $ 2,974.00 LD 557/88
Bowmanville
Ridge Pine Park BF Conc. $ 615.00 Lot 163
Darlington & Clarke
Carey Gallant Pt. Lot 1, C. 2 $ 2,974.00 LD 539/88
Darlington
Willsonia Industries Ltd. Pt. Lot 11, C. 1 $ 6,339.00 Dev 90-002
Bowmanville
Ivan Novak Pt. Lot 29, C. 3 $ 2,974.00 LD 402/89
Darlington
$ 36,614.00
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