HomeMy WebLinkAboutTR-100-92 THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# 21A ,-W)
Date: December .7, 1992 Res. #
By-Law#
Report#: TR-100-92 File#:
Subject: CASH ACTIVITY REPORT - OCTOBER, 1992
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1 . That report TR-100-92 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 October 31, 1992, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
October, 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
October 31, 1992 and the comparative information for the month ended
October 31, 1991.
Respectfully submitted, Recommended for presentation
to the Committee
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Mari A. Marano H.BSc. ,A.M.C.T. Lawrence E. Ko-Esofl
Treasurer Chief Administrai V e Officer
MAM/RS/ges
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of October, 1992
PART A
1992 1991
CASH ON HAND AT Sept. 30, 1992 $35,789 ,834 $29,365,655
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . . . 1,436, 957 863,350
Grants . . . . . . . . . . . . . . . . . . . . 1,452,894 1,429,419
Interest-Reserve Funds . . . . 80,527 89,880
-General Funds . . . . 52,567 64,362
* Other. . . . . . . . . . . . . . . . . . . . . 434,595 1,752,028
Region of Durham. . . . . . . . . . 392 ,013 N/A
Total Cash Available. . . . . . . . . $39, 639,387 $33,564,694
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- ---
Payroll. . . . . . . . . . . . . . . . . . . 490,700 468,334
General. . . . . . . . . . . . . . . . . . . 2,406,309 2,291, 191
Interest. . . . --- ---
Levies - Region. . . . . . . . . . . 2,597,531 2, 102,480
- Schools . . . . . . . . . . --- ---
TOTAL EXPENSES 5,494,540 41862 ,005
CASH on Hand as At Oct. 31, 1992 $34, 144, 847 $28,702 ,689
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 7,577,422 $ 4, 816,132
Investments . . . . . . . . . . . . . . . 26,567 ,425 23,886 ,557
$34, 144 , 847 $28, 702 ,689
* Including totals as summarized on the Lot Levy / Development
Charges
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of October, 1992
1992 1991
Balance Receivable- Sept. 30, 1992 $ 7,343,849 $ 6,603,493
Additions: Penalties & Interest. . 96,319 79,244
Taxes Billed. . . . . . . . . . 339,833 222,642
7,780,001 6,905, 379
Reductions:Payments and
Adjustments . . . . . . . . . . . 1,437, 144 898, 034
Balance Receivable-Oct. 31, 1992 $ 6,342,857 $ 6,007,345
STATISTICAL INFORMATION
for the Month of October, 1992
Payment Received - Taxes 1,766
- Other 1, 080
Tax Certificates Issued 610
Dog Licenses Issued 4
Burial Permit Issued 17
Accounts Payable Cheques Issued 1,288
Cheque # 20389 to 20865
24082 24108
02481680 02482010
02491914 02492233
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CORPORATION OF THE TOWN OF NEWCASTLE
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Investments Outstanding
As of October 31, 1992
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) C. I .B.C. 10, 199,620 5 . 11 38D Nov. 2nd
b) Scotia 1,800,000 6 . 70 77D Dec . 15th
c) Toronto-Dominion 1,000,000 7 . 00 77D Dec . 15th
d) Scotia 2,000,000 7 .50 75D Dec . 15th
e) Scotia 2 ,000,000 7 .45 60D Dec . 15th
f) Toronto-Dominion 1,700,000 7 .60 50D Dec . 15th
g) Montreal 498,220 7 .25 18D Nov. 17th
h) Montreal 496,885 7 . 15 32D Dec . 1st
i) Toronto-Dominion 995, 160 7 . 10 25D Nov. 24th
RESERVE
a) Scotia 2 ,979, 180 7 .50 34D Nov. 19th
b) Montreal 2 ,978,580 7 .50 35D Nov. 20th j
c) Royal 2,976,060 7 .53 39D Nov. 24th
d) Toronto-Dominion 2,962,410 7 .47 62D Dec . 17th
e) Montreal 2 ,981,310 7 . 89 29D Nov. 24th
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26,567,425
OCTOBER 1992
DEVELOPMENT CHARGES
Lot
Total Levies Town Region P.U.C.
Kiddicorp Invest. 24,160.00 11,896.00 7,292.00 2,616.00 2,356.00
Pt Lot 14, C.1
B/P# 92.805 & 811
Bowmanville
LD 258 & 260/90
10M833
621182 Ontario Ltd. 22,980.00 11,896.00 7,292.00 1,436.00 2,356.00
Pt. Lot 9, C.2
Bowmanville
LD 41 to 44/90
40M1688
Andlewood Homes 2,412.00 --- 1,823.00 --- 589.00
Pt. Lot 13, C.2
Bowmanville
40M1668
Katherine Douglas 5,156.00 2,974.00 1,823.00 359.00 ---
B/P# 92.785
LD 92/024
Martin Road Holdings 9,464.00 --- 3,646.00 5,818.00 ---
Pt Lot 15 & 16, C.1
Bowmanville
18T-88096
Melody Homes 12,761.00 --- 12,761.00 --- ---
40M1670
B/P #92.756, 758,
946 - 949, 889
974582 Ontario Ltd. 2,616.00 --- --- 2,616.00
B/P# 92.466 to 473
Chaskavich Motors 359.00 --- --- 359.00 ---
Pt. Lot 12, C.2
Bowmanville
R. Brandt 5,044.00 --- --- 5,044.00 ---
Lot 28, C.5
B/P# 92.782
Clarke
TOTAL $84,952.00 $26,766.00 $34,637.00 $18,248.00 $5,301.00
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CASH-IN-LIEU OF PARKLAND - October 1992
Ellis Don Design $12,218 . 00 DEV 92-035
Pt. Lot 14, BFC
Bowmanville
621182 Ontario Ltd. 4,254 .45 LD 41 to 44/90
Pt. Lot 9, C.2
Bowmanville
40X1668
TOTAL $16 ,472 .45
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ROADS CONTRIBUTIONS - October 1992
Ellis Don Design $ 5,646 . 00 DEV 92-035
ENGINEERING & INSPECTION FEES CONTRIBUTION - October 1992
Bowmanville Valley Co-op $569 .48 DEV 89-30
Pt. Lot 13 & 14, C.2
Bowmanville
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