HomeMy WebLinkAboutTR-95-92 THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File #
#R
November 16, 1992 es.
Date: cla.
Report#: TR-95-92 File#: --- By-Law#
Subject: CASH ACTIVITY REPORT - SEPTEMBER, 1992
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-95-92 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 September 30, 1992, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
September, 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
September 30, 1992 and the comparative information for the month ended
September 30, 1991.
Respectfully submitted, Recommended for presentation
to the Committee
Marie A. Marano H.BSc. ,A.M.C.T. Lawrence E. Kotseff
Treasurer Chief Administrative Officer
MAM/RS/ges J
701
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of September, 1992
PART A
1992 1991
CASH ON HAND AT Aug. 31/92 $34,717,231 $26, 904,971
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . . . 9,331,321 8,452,506
Grants. . . . . . . . . . . . . . . . . . . . 298,979 ---
Interest-Reserve Funds . . . . 99, 025 64,878
-General Funds . . . . 128,275 157,230 .
* Other. . . . • . . . . . . . . . . . . . . . 628, 112 2, 129,379
Region of Durham. . . . . . . . . . --- N/A
Total Cash Available. . . . . . . . . $45,202,943 $37,708,964
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- ---
Payroll. . . . . . . . . . . . . . . . . . . 504, 150 506,827
General. . . . . . . . . . . . . . . . . . . 1, 660,662 1,202,885
Interest. . . . --- ---
Levies - Region. . . . . . . . . . . --- ---
- Schools . . . . . . . . . . 7,248,297 6,633,597
TOTAL EXPENSES 9 ,413, 109 8,343,309
CASH on Hand as At Sept. 30, 1992 $35,789 ,834 $29 ,365,655
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 5,598,492 $ 5,744,734
Investments . . . . . . . . . . . . . . . 30, 191,342 23,620,921
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$35,789 ,834 $29 ,365,655
* Including totals as summarized on the Lot Levy / Development Charges
Summary
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702
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of September, 1992
1992 1991
Balance Receivable- Aug. 31/92 * $ 3,058 208
$ 2,515,964
Additions: Penalties & Interest. . 72,594 56,825
Taxes Billed. . . . . . . . . . 13,605,270 12,537,930
16,736,072 15,110,719
Reductions:Payments and
Adjustments . . . . . . . . . . . 9,392,223 8,507,226
Balance Receivable-Sept.30, 1992 $ 7,343,849 $ 6,603,493
STATISTICAL INFORMATION
for the Month of September, 1992
Payment Received - Taxes 11,815
- Other 1,023
Tax Certificates Issued 547
Dog Licenses Issued 26
Burial Permit Issued 27
Accounts Payable Cheques Issued 1,256
Cheque # 19941 to 20388
24049 24082
02424575 02424893
02433939 02434269
* Correction to "Balance Receivable - August 31, 1992 " total, due to
transposition error in "Reductions - Payments and Adjustments "
column in June 1992 report that had been carried forward in July and
August reports .
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703
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of September 30, 1992
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Montreal 895,995 4 . 66 35D Oct. 7th
b) Royal 995,450 4 . 77 35D Oct. 15th
c) Toronto-Dominion 994,690 5 . 00 34D Oct. 20th
d) Toronto-Dominion 996,310 5. 00 27D Oct. 8th
e) Montreal 995,290 4 . 80 36D Oct. 27th
f) Montreal 995,460 4 . 90 34D Oct. 27th
g) Toronto-Dominion 2,985,330 5 . 12 35D Oct. 30th
h) Royal 597, 156 5 . 11 34D Oct. 29th
i) C. I.B.C. 11199, 620 5 . 11 38D Nov. 2nd
j ) Scotia 1,800,000 6 . 70 77D Dec. 15th
k) Toronto-Dominion 1,000,000 7 . 00 77D Dec. 15th
RESERVE
a) Toronto-Dominion 1,990,880 4 . 78 35D Oct. 5th
b) Toronto-Dominion 995,360 5 . 00 34D Oct. 5th
c) Royal 2,986, 140 4 . 98 34D Oct. 5th
d) Montreal 2,986, 140 4 . 98 34D Oct. 5th
e) Scotia 2,986 , 140 4 . 98 34D Oct. 5th
f) Montreal 995,460 4 . 90 34D Oct. 27th
g) C. I.B.C. 2,999,713 4 . 90 33D Oct. 26th
h) Royal 796,208 5 . 11 34D Oct. 29th
30, 191,342
704 �
SEPTEMBER 1992
DEVELOPMENT CHARGES
Lot
Total Levies Town Region P.U.C.
R & L Brandt 4,797.00 2,974.00 1,823.00
Lot 28, C.5
Clarke
H & B VanDorp 4,797.00 2,974.00 1,823.00 --- __
Pt Lot 15 & 16
C. 7
Darlington
LD 423/90
671461 Ontario Ltd. 2,412.00 --- 2,412.00 --- -__
Lot 10, C.2
Bowmanville
40M1668
A. Bonsma 6,392.00 2,974.00 1,823.00 1,595.00
B/P #92.840 ---
P & R Ventures 6,392.00 2,974.00 1,823.00 1,595.00 ---
2000
B/P #92.729
Eiram Development 9,833.00 --- 9,115.00 718.00 --
Pt Lot 9 & 10
C. 2
Bowmanville
40M1670
Delta-Ray 5,745.00 2,974.00 1,823.00 359.00 589.00
Developments
B/P #92.795
$40,368.00 $14,870.00 $20,642.00 $4,267.00 $589.00
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705
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CASH-IN-LIEU F PARKLAND ARKLAND - September 1992
860492 Ontario Ltd. $ 2 ,050 . 00 LD 082/92
ENGINEERING & INSPECTION FEES CONTRIBUTION - September 1992
Courtice Heights Dev. $10,940 .53 18T-91005
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