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HomeMy WebLinkAboutTR-77-90 TOWN OF NEWCASTLE REPORT File # ? Res. # r:~, ,3 ~,~, 17 () By-law # fffT If{): DATE: ~T #: SURECT : GENERAL PURPOSE AND ADMINISTRATION COMMITTEE September 4, 1990 TR-77-90 FILE #: CASH ACTIVITY REPORT - JULY 1990 PART A RECOMMENDATION6: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-77-90 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 July 31, 1990, is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of July, 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 July 31, i990 and the comparative information for the month ended July 31, 1989. Respectfully submitted, Recommended for presentation to the Committee . Kotseff nistrative 7()6 CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of July, 1990 PART A CASH ON HAND AT June 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......... Payroll. . . . . . . . . . . . . . . . . . . General. . . . . . . . . . . . . . . . . . . Interest. . . . . . . . . . . . . . . . . . Levies - Region........... - Schools.......... TOTAL EXPENSES CASH on Hand as At July 31, 1990 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . Investments. . . . . . . . . . . . . . . 1990 $26,495,140 683,190 149,934 72,779 1, 068,165 $28,469,208 15,400 471,426 2,224,385 2,711,211 $25,757,997 $ 1,852,553 23,905,444 $25,757,997 7 (l'~ ; ,j I 1989 $18,977,704 634,844 9,675 125,393 66,316 1,283,759 $21,097,691 13,229 448,697 1,302,690 1,764,616 $19,333,075 $ 2,349,835 16,983,240 $19,333,075 CONTINUITY OF TAXES RECEIVABLE CORPORATION OF THE TOWN OF NEWCASTLE for the month of July, 1990 1990 Balance Receivable- June 30,1990 $ 4,700,911 Additions: Penalties & Interest.. Taxes Billed.......... 55,471 4,756,382 Reductions:Payments and Adjustments........... 683,190 Balance Receivable-July 31, 1990 $ 4,073,192 STATISTICAL INFORMATION for the Month of July, 1990 Payment Received - Taxes - Other Tax Certificates Issued Dog Licenses Issued Burial Permit Issued Accounts Payable Cheques Issued Cheque # 4872 10642 01804730 01817018 to 7 1989 $ 1,677,690 40,931 1,718,621 634,844 $ 1,083,777 4888 11087 01805154 01817454 934 957 340 46 19 1,290 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of July 31, 1990 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE GENERAL a) Montreal 1,470,375 13.62 54D August 15th b) Montreal 985,680 13.60 39D August 3rd c) Scotia 3,913,760 13.63 59D August 27th d) Royal 1,481,070 13.72 34D August 8th e) Montreal 988,460 13.75 31D August 13th f) C.I.B.C. 999,922 13.64 35D August 24th g) Montreal 1,676,982 13.54 37D August 31st RESERVE a) C.I.B.C. 999,518 13.60 55D August 15th b) Montreal 1,975,540 13.70 33D August 7th c) Toronto-Dominion 2,470,275 13.72 32D August 7th d) Royal 2,963,190 13.74 33D August 8th e) C.I.B.C. 2,499,587 13.59 66D Sept. 24th f) Toronto-Dominion 1,481,085 13.32 35D August 31th 23,905,444 709 NorArm Dev. Sandbury Bldg. Corp. LOT LEVIES - July, 1990 Pt. Lot 9, 10, C.1 $ 61,718.50 Bowmanville Pt. Lot 31, C.2 $126,014.00 Darlington $187,732.50 710 18T88071 18T89080