HomeMy WebLinkAboutTR-16-93 THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# C11
Date: March 15, 1993 Res. C
Report#:_TR-_1,6_-9_3_ File#: By-Law#
Subject: CASH ACTIVITY REPORT - DECEMBER, 1992
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-16-93 be received; and
2 . That, in accordance with provision of Chapter M-45,
Section 79 ( 1) of the Municipal Act, R.S.O. 1990,
the Treasurer reports to Committee that the cash
position of the Town of Newcastle for the month
ended December 31, 1992, is as shown on the attached
schedule; and
3. That Part A of the expenditures for the month of
December, 1992 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
December 31, 1992 and the comparative information for the month ended
December 31, 1991.
Respectfully submitted, Recommended for presentation
to the Committee
M " A. Marano H.BSc. ,A.M.C.T. Lawrence E. Kots/e/ff
Treasurer Chief Administ,ra ive Officer
MAM/RS/ges
701
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of December, 1992
PART A
1992 1991
CASH ON HAND AT Nov. 30,1992 $33,051,553 $29,947,763
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes. . . . . . . . . . . . . . . . 595,840 1,013,324
Grants /Subsidies. . . . . . . . 786, 100 653,334
Interest-Reserve Funds . . . . 65,962 15,622
-General Funds. . . . 118,297 143,278
Other. . . . . . . . . . . . . . . . . . . . . 581, 137 937,610
Region of Durham. . . . . . . . . . --- 112 ,050
Total Cash Available. . . . . . . . . $35, 198,889 $32,822,981
USE of funds
Expenditures
Debenture Charges. . . . . . . . . --- ---
Payroll. . . . . . . . . . . . . . . . . . . 783,915 509,726
General. . . . . . . . . . . . . . . . . . . 1,948,028 2,442,461
Interest. . . . . . . . . . . . . . . . . . --- ---
Levies - Region. . . . . . . . . . . 146,340 126,093
- Schools . . . . . . . . . . 7,702,563 7,060,582
TOTAL EXPENSES 10,508,846 10, 138,862
CASH on Hand as At Dec. 31, 1992 $24,690,043 $22 ,684,119
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 5,856,254 $ 4,274,412
Investments. . . . . . . . . . . . . . . 18,833,789 18,409 ,707
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$24,690,043 $22 ,684, 119
* 1991 taxes higher due to St. Mary's Cement Supplementary for
approximately $365,000 .00 and timing of the issuance of reminder
notices in December 1991 and 1992 .
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of December, 1992
1992 1991
Balance Receivable- Nov. 30, 1992 $ 5,583, 128 $ 5, 145,080
Additions: Penalties & Interest. . 75,675 611990
Taxes Billed. . . . . . . . . . 248, 100 507 ,363
5,906,903 5,714,433
Reductions:Payments and
Adjustments . . . . . . . . . . . 610,625 1,077,269
Balance Receivable-Dec . 31, 1992 $ 5,296,278 $ 4,637,164
STATISTICAL INFORMATION
for the Month of December, 1992
Payment Received - Taxes 702
- Other 941
Tax Certificates Issued 289
Dog Licenses Issued 6
Burial Permit Issued 25
Accounts Payable Cheques Issued 654
Cheque # 24146 to 24191
25628 26042
02526271 02526598
02538889 02539240
02552531 02552855
I03
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of December 31, 1992
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Scotia 985,440 8 . 7 62D Jan. 25th
b) C. I.B.C. 599, 174 8 .4 35D Jan. 8th
c) Montreal 988,660 7 .61 55D Feb. 8th
d) Scotia 500,000 6 . 8 29D Jan. 21st
RESERVE
a) Montreal 2,954,070 8 .73 65D Jan. 28th
b) Royal 2,954, 130 8 . 72 65D Jan. 28th
C) C. I.B.C. 2,999,791 8 .55 43D Jan. 6th
d) Montreal 1,086,657 8 . 15 55D Jan. 28th
e) Royal 2,766,792 7 . 30 60D Feb. 19th
f) C. I.B.C. 2, 999,075 6 .93 30D Feb. 2nd
18,833,789
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DECEMBER 1992
DE`1ELOPMENT CHARGES
Lot
Total Levies Town Region P.U.C.
621182 Ontario Ltd. 320.00 --- 286.00 --- 34.00
Pt. Lot 9, C.2
Bowmanville
40M1688
B/P# 92.830 & 92.831
R. Gibson 6,583.00 2,974.00 1,966.00 1,643.00 ---
Pt. Lot 20, C.10
Darlington
LD 90/109
B/P #92.1049
921395 Ontario Ltd. 640.00 --- 572.00 --- 68.00
Pt. Lot 9, C.2
Bowmanville
40M1688
B/P #92.972, 973
976, 977
S. Squire 6,583.00 2,974.00 1,966.00 1,643.00 ---
Pt. Lot 30, C.2
Clarke
B/P #92.1013
708545 Ontario Ltd. 7,150.00 --- 7,150.00 --- ---
Pt. Lot 31, C.2
40M1709
Darlington
621182 Ontario Ltd. 640.00 -- 572.00 --- 68.00
Pt Lot 9, C.2
Bowmanville
40M1688
B/P #92.1039 - 1042
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D & T Newman Inc. 7,189.00 2,974.00 1,966.00 1,643.00 606.00
Pt. Lot 11, BFC
Darlington
B/P #92.983
Geranium Homes 10,110.00 --- --- 10,110.00 ---
B/P #92.993 - 1012
92.1014 - 1023
$39,215.00 $ 8,922.00 $14,478.00 $15,039.00 $776.00
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ROADS CONTRIBUTION - December 1992
317980 Ontario Ltd. $ 6 ,606 . 18
1OM818, 1OM819
1OM825
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