HomeMy WebLinkAboutTR-80-90
TOWN OF NEWCASTLE
REPORT
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Res. #
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DATE:
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SUR.ECT:
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
October 1, 1990
TR-80-90
FILE #:
CASH ACTIVITY REPORT - AUGUST, 1990
PART A
RECOt-VwtENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-80-90 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 August 31, 1990, is as shown on the attached
schedule; and
3. That Part A of the expenditures for the month of
August, 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 August 31, 1990 and the comparative
information for the month ended August 31, 1989.
Respectfully submitted,
Recommended for
presentation
to the Committee
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L~wr~n6W E. Kotseff
Cnief A~inistrative
Officer
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~ A. Marano H.BSc.,
Treasurer
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of August, 1990
CASH ON HAND AT July 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 Aug. 31, 1990
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . .
Investments. . . . . . . . . . . . . . .
PART A
1990
$25,757,997
740,361
85,971
159,818
208,019
655,254
$27,607,420
700,217
1,978,933
2,940,947
5,620,097
$21, 987,323
$ 607,717
21,379,606
$21, 987,323
702
1989
$19,033,075
521,458
94,139
77,469
103,066
671,684
$20,500,891
601,700
1,249,953
1,809,403
3,661,056
$16,839,835
$ 1,325,658
15,514,177
$16,839,835
CONTINUITY OF TAXES RECEIVABLE
CORPORATION OF THE TOWN OF NEWCASTLE
for the month of August, 1990
1990
Balance Receivable- July 31,l990 $ 4,073,192
Additions: Penalties & Interest..
Taxes Billed..........
47,742
4,120,934
Reductions:Payments and
Adjustments...........
729,622
Balance Receivable-Aug. 31, 1990 $ 3,391,312
STATISTICAL INFORMATION
for the Month of August, 1990
Payment Received - Taxes
- Other
Tax Certificates Issued
Dog Licenses Issued
Burial Permit Issued
Accounts Payable Cheques Issued
Cheque # 4889
11088
01829648
01840783
01853333
to
/
1989
$ 1,083,777
$
4923
11526
01830070
01841185
01853742
34,290
1,118,067
619,928
498,139
1,020
1,096
260
15
25
1,664
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of August 31, 1990
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Scotia '987,900 13.55 33D Sept. 5th
b) Montreal 987,940 13.50 33D Sept. 10th
c) Toronto-Dominion 1,969,380 13.20 43D Sept. 27th
d) Montreal 1,477,545 13.21 .42D Sept. 28th
e) Scotia 1,974,820 13.30 35D Sept. 28th
f) C.I.B.C. 999,454 13.18 32D Sept. 28th
g) Montreal 990,160 12.95 28D Sept. 28th
h) Toronto-Dominion 988,850 12.86 32D Oct. 2nd
i) Toronto-Dominion 985,420 12.86 42D Oct. 12th
j ) Scotia 2,100,000 12.85 61D Oct. 31st
RESERVE
a) C.I.B.C. 2,499,587 13.59 66D Sept. 24th
b) Royal 2,473,375 13.55 29D Sept. 5th
c) Scotia 500,000 12.375 4D Sept. 5th
d) Royal 2,445,175 13.20 62D Oct. 15th
21,379,606
704
Kingsberry Properties
Sandbury Bldg. Corp.
LOT LEVIES - August, 1990
Pt. Lot 35, C. 2 $ 5,948.00 10M796
Darlington LD 552/89
Pt. Lot 31, C. 2 $126,014.00 10M839
Darlington 18T-89080
$131,962.00
705