HomeMy WebLinkAboutTR-98-90
TOWN OF NEWCASTLE
REPORT
File # 10,.5"1" <i
r I
Res. # CClt! 90
By-Law #
M:ET It{):
DATE:
REPan #:
SURECT:
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
November 19, 1990
TR-98-90
FILE #:
CASH ACTIVITY REPORT - SEPTEMBER, 1990
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-98-90 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 September 30, 1990, is as shown on the attached
schedule; and
3. That Part A of the expenditures for the month of
September, 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
September 30, 1990 and the comparative information for the month ended
September 30, 1989.
Respectfully submitted,
Recommended for presentation
to the Committee
~~-
Marie A. Marano H.BSc.,
Treasurer
Officer
MAM/RS/ges
116
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of September, 1990
PART A
CASH ON HAND AT Aug.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.........
p a yro 11. . . . . . . . . . . . . . . . . . .
General. . . . . . . . . . . . . . . . . . .
Interest. . . . . . . . . . . . . . . . . .
Levies - Region...........
- Schools..........
TOTAL EXPENSES
CASH on Hand as At Sept.30, 1990
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . .
Investments. . . . . . . . . . . . . . .
1990
$21,987,323
7,784,943
991,237
91,618
146,353
1, 356,535
$32,358,009
16,765
431,213
2,045,007
5,871,559
8,364,544
$23,993,465
$ 3,305,280
20,688,185
$23,993,465
/11
1989
$16,839,835
6,845,706
820,419
100,501
178,823
2,175,009
$26,960,293
15,631
367,079
2,532,156
4,811,592
7,726,458
$19,233,835
$ 3,409,845
15,823,990
$19,233,835
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of September, 1990
1990
1989
Balance Receivable- Aug. 31,1990 $ 1,591,312 *
$
498,139
Additions: Penalties & Interest.. 46,325
Taxes Billed.......... 11,424 781
30,844
9,961,997
13,062,418
10,490,980
Reductions:Payroents and
Adjustments...........
7,842,102
6,845,706
Balance Receivable-Sept.30, 1990 $ 5,220,316
$ 3,645,274
STATISTICAL INFORMATION
for the Month of September, 1990
PaYment Received - Taxes
- Other
10,747
870
Tax Certificates Issued
385
Dog Licenses Issued
10
Burial Permit Issued
20
Accounts Payable Cheques Issued
1,152
Cheque # 4924
11527
01865699
01877132
to
4945
11922
01866094
01877507
* A transposition error in the June 1990 Cash Activity Report on
taxes billed has been carried forward. The opening balance
August 31, 1990 reflects the adjustment to the correct value.
liB
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of September 30, 1990
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Toronto-Dominion 988,850 12.86 32D Oct. 2nd
b) Toronto-Dominion 985,420 12.86 42D Oct. 12th
c) Scotia 2,100,000 12.85 61D Oct. 31st
d) Montreal 984,570 12.71 45D Oct. 25th
e) C.I.B.C. 1,499,460 12.57 63D Nov. 23rd
f) Scotia 988,310 12.70 34D Oct. 25th
g) Montreal 980,420 12.57 58D Nov. 21st
h) Toronto-Dominion 986,550 12.44 40D Nov. 5th
i) Toronto-Dominion 989,460 12.54 31D Oct. 29th
j ) Scotia 989,160 12.50 32D Oct. 29th
k) Montreal 988,510 12.48 34D Oct. 31st
RESERVE
a) Royal 2,445,175 13.20 62D Oct. 15th
b) Montreal 987,750 12.93 35D Oct. 10th
c) Royal 1,975,500 12.93 35D Oct. 10th
d) C.I.B.C. 1,799,319 12.56 56D Nov. 19th
e) C.I.B.C. 999,731 12.56 56D Nov. 19th
20,688,185
LOT LEVIES - September, 1990
Nor-Arm Development Pt. Lot 9,10, C.1 $ 61,718.50 10M838
Bowmanville
Ridge Pine Park BF Conc. $ 615.00 Lot 575
Darlington & Clarke
Alice Hooey Pt. Lot 28, C. 5 $ 2,894.00 LD361/89
Clarke
$ 65,227.50
120