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Home My WebLink AboutTR-84-92 THE CORPORATION OF THE TOWN OF NEWCASTLE REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# Date: October 5, 1992 Res. #L-42L By-Law# Report#: TR-84-92 File #: Subject: CASH ACTIVITY REPORT - AUGUST, 1992 PART A Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-84-92 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 August 31, 1992, is as shown on the attached schedule; and 3 . That Part A of the expenditures for the month of August, 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 August 31, 1992 and the comparative information for the month ended August 31, 1991. Respectfully submitted, Recommended for presentation to the Committee Mar16-'A. Marano H.BSc. ,A.M.C.T. Lawrence E. Ko/ts6ff Treasurer Chief Administrative Officer MAM/RS/ges CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of August, 1992 PART A 1992 1991 CASH ON HAND AT July 31/92 $36,290,096 $29,610,993 Total Cash for General Operating and Reserve Fund Purposes: Taxes . . . . . . . . . . . . . . . . . . . . . 1,243,732 1,443,336 Grants . . . . . . . . . . . . . . . . . . . . 310,093 332, 112 Interest-Reserve Funds. . . . 146,056 84,144 -General Funds . . . . 65,980 72,549 * Other. . . • . . . . . . . . . . . . . . 952, 833 359,256 Region of Durham. . . . . . . . . . 113 ,705 N/A Total Cash Available. . . . . . . . . $39, 122,495 $31,902,390 USE of funds Expenditures Debenture Charges . . . . . . . . . --- --- Payroll. . . . . . . . . . . . . . . . . . . 497,239 826,701 General. . . . . . . . . . . . . . . . . . . 1,314,213 2,068,238 Interest. . . . . . . . . . . . . . . . . . --- --- Levies - Region. . . . . . . . . . . 2,593,812 2, 102,480 - Schools . . . . . . . . . . --- --- TOTAL EXPENSES 4,405,264 4 , 997 ,419 CASH on Hand as At Aug. 31,1992 $34,717 ,231 $26 ,904,971 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . $ 4,864,078 $ 5,004, 111 Investments . . . . . . . . . . . . . . . 29 , 853 ,153 21,900,860 I I $34 ,717 ,231 $26 ,904,971 * Including Levies Attached i CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the month of August, 1992 1992 1991 Balance Receivable- July 31/92 $ 3, 133,725 $ 3,676 , 113 Additions: Penalties & Interest. . 79, 972 67,335 Taxes Billed. . . . . . . . . . 435,947 222,642 3, 649,644 3,966,090 Reductions:Payments and Adjustments . . . . . . . . . . . 1,321,436 1,450, 126 Balance Receivable-Aug. 31, 1992 $ 2,328,208 $ 2,515,964 STATISTICAL INFORMATION for the Month of August, 1992 Payment Received - Taxes 1,263 - Other 974 Tax Certificates Issued 634 Dog Licenses Issued 11 Burial Permit Issued 20 I Accounts Payable Cheques Issued 1,205 Cheque # 5489 to 5495 19516 19940 24029 24048 02400846 02401157 02411737 02412043 / 69 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of August 31, 1992 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE GENERAL a) Toronto-Dominion 986,150 5 .61 89D Sept. 23rd b) C. I.B.C. 900,000 5 .57 93D Sept. 30th c) C. I.B.C. 600,000 5.57 93D Sept. 30th d) Scotia 1,000,000 5 .50 72D Sept. 9th e) Royal 986,110 5 .59 92D Sept. 30th f) Toronto-Dominion 986,150 5.59 92D Sept. 30th g) Montreal 986 ,520 5.54 90D Sept. 30th h) Toronto-Dominion 987,930 5 .44 82D Sept. 30th i) C. I.B.C. 1,999,044 5 . 11 32D Sept. 11th j ) Scotia 896,679 5 . 00 27D Sept. 10th k) Royal 796, 144 5 .05 35D Sept. 23rd 1) Scotia 1, 194,456 4 . 84 35D Sept. 30th m) C. I.B.C. 999,999 4 . 82 33D Sept. 30th SUBTOTAL 13,319, 182 / l0 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of August 31, 1992 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE RESERVE a) Royal 2,976,660 5 .40 53D Sept. 11th b) Toronto-Dominion 3,000,000 5.42 53D Sept. 11th c) Montreal 198,580 5. 44 48D Sept. 10th d) Scotia 995,950 5. 12 29D Sept. 8th e) Royal 995,550 5. 10 32D Sept. 11th f) Montreal 1,991,060 5. 12 32D Sept. 11th g) Montreal 995,530 5. 12 32D Sept. 11th h) Toronto-Dominion 995,830 5 . 09 30D Sept. 10th i) Scotia 995,350 5 . 02 34D Sept. 23rd j ) C. I.B.C. 999,321 5 . 03 34D Sept. 23rd k) Royal 1,990,660 5 . 04 34D Sept. 23rd 1) C. I .B.C. 399,480 4 . 79 29D Sept. 25th TOTAL 29 ,853, 153 i I i 1. LOT LEVIES - August 1992 Eiram Dev. Pt.Lot 9, 10, C.2 $ 5,948 . 00 18T89041 Bowmanville Penwest Dev. Corp. Lot 31, C.2 $148,700. 00 18T88022 Darlington 621182 Ontario Ltd. Pt. Lot 9, C.2 $ 92, 194 . 00 40M1688 Bowmanville Macourtice Dev. Pt. Lot 28, C. 2 $ 34,511. 37 40M1693 Darlington $281,353. 37 2 . DEVELOPMENT CHARGES - August 1992 Eiram Dev. Pt Lot 9, 10, C.2 $ 4,824.00 18T89041 Bowmanville Chaskavich Motors Pt. Lot 12, C. 2 $ 5,386 .00 LD79/92 Bowmanville Penwest Dev. Corp. Lot 31, C.2 $ 91, 150 . 00 18TB8022 Darlington 621182 Ontario Ltd. Pt. Lot 9, C. 2 $149,544.00 40M1688 Bowmanville Macourtice Dev. Pt. Lot 28, C.2 $ 21, 152 . 13 40M1693 Darlington $272 ,056 . 13 3. CASH-IN-LIEU OF PARKLAND - August 1992 Chaskavich Motors Pt. Lot 12, C.2 $ 2,400. 00 LD 79/92 Bowmanville 4 . ENGINEERING & INSPECTION FEES CONTRIBUTION - August 1992 Veltri & Sons Pt. Lot 8, C. 1 $ 3,417 .34 LD137 to Bowmanville 140/91 708545 Ontario Ltd. Lot 31, C.2 $ 32, 100. 00 18T88022 Darlington 1 $ 35,517 . 34 i