HomeMy WebLinkAboutTR-77-90
TOWN OF NEWCASTLE
REPORT
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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