HomeMy WebLinkAboutTR-76-92 V
THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File # rl 7,G�
GPI'A 5(1 � -
Date: September 8, 1992 Res. #
By-La
Report#: TR-76-92 File#: w#
Subject: CASH ACTIVITY REPORT - JULY, 1992
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-76-92 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 July 31, 1992, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
July, 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 July
31, 1992 and the comparative information for the month ended July 31,
1991.
Respectfully submitted, Recommended for presentation
to the Committee
,A
k§a�16 A. Marano H.BSc. ,A.M.C.T. Lawrence E. Kotseff /
Treasurer Chief Administrat vP Officer
MAM/RS/ges
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of July, 1992
PART A
1992 1991
CASH ON HAND AT June 30/92 $36,750, 183 $28,433,035
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . . . 1,095,288 895,387
Grants. . . . . . . . . . . . . . . . . . . . --- 728,400
Interest-Reserve Funds . . . . 88,615 109,739
-General Funds . . . . 32,876 87,170
Other. . . . . . . . . . . . . . . . . . 706,788 1, 192,019
* Region of Durham. . . . . . . . . . 333,095 N/A
Total Cash Available. . . . . . . . . $39,006,845 $31,445,750
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- ---
Payroll. . . . . . . . . . . . . . . . . . . 798,769 607,638
General . . . . . . . . . . . . . . . . . . . 1,917,980 11227,119
Interest. . . . --- ---
Levies - Region. . . . . . . . . . . --- ---
- Schools . . . . . . . . . . --- ---
TOTAL EXPENSES 2 ,716,749 1,834 ,757
CASH on Hand as At July 31, 1992 $36 ,290,096 $29 ,610,993
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 3,024, 877 $ 41406,432
Investments . . . . . . . . . . . . . . . 33,265,219 25,204,561
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$36,290,096 $29,610,993
* Including Levies Attached
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CORPORATION OF THE TOWN OF NEWCASTLE
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CONTINUITY OF TAXES RECEIVABLE
for the month of July, 1992
1992 1991
Balance Receivable- June 30/92 $ 4, 146,467 $ 4,549,801
Additions: Penalties & Interest. . 91,937 77,222
Taxes Billed. . . . . . . . . . --- ---
4,238,404 4,627,023
Reductions:Payments and
Adjustments . . . . . . . . . . . 1, 104,679 950,910
Balance Receivable-July 31, 1992 $ 3,133,725 $ 3,676, 113
STATISTICAL INFORMATION
for the Month of July, 1992
Payment Received - Taxes 1, 370
- Other 1, 064
Tax Certificates Issued 494
Dog Licenses Issued 20
Burial Permit Issued 19
Accounts Payable Cheques Issued 1,727
Cheque # 5453 to 5488
19043 19515
02365553 02365893
02378009 02378364
02389908 02390232
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of July 31, 1992
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Montreal 992, 120 5 . 80 50D Aug. 12th
b) Scotia 1,500,000 5 . 70 69D Aug. 31th
C) C. I.B.C. 999,697 5.57 61D Aug. 26th
d) C. I.B.C. 999,697 5.57 61D Aug. 26th
e) Scotia 1, 100,000 5 .50 66D Aug. 31st
f) Toronto-Dominion 986, 150 5 . 61 89D Sept. 23rd
g) C. I.B.C. 900,000 5.57 93D Sept. 30th
h) C. I.B.C. 600,000 5 .57 93D Sept. 30th
i) Scotia 1,000,000 5.50 72D Sept. 9th
j ) Royal 986, 110 5 .59 92D Sept. 30th
k) Toronto-Dominion 986, 150 5.59 92D Sept. 30th
1) Montreal 986,520 5.54 90D Sept. 30th
m) Toronto-Dominion 994,560 5.55 36D Aug. 12th
n) Toronto-Dominion 987,930 5.44 82D Sept. 30th
o) Scotia 398,056 5.40 33D Aug. 19th
P) Scotia 1,000,000 5.25 10D Aug. 7th
q) C. I.B.C. 1,999,044 5 . 11 32D Sept. 11th
SUBTOTAL 17,416,034
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of July 31, 1992
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
RESERVE
a) Royal 2,263,821 6 .44 90D Aug. 10th
b) Montreal 1,968,600 6 .48 90D Aug. 10th
c) Scotia 984,870 6 . 23 90D Aug. 20th
d) Montreal 1,871,025 6 .28 90D Aug. 10th
e) C. I.B.C. 1,599,329 6 . 11 73D Aug. 10th
f) Montreal 986,300 6 . 11 83D Aug. 20th
g) Royal 2,976,660 5 .40 53D Sept. 11th
h) Toronto-Dominion 3,000,000 5.42 53D Sept. 11th
i) Montreal 198,580 5 .44 48D Sept. 10th
TOTAL 33,265,219
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1. LOT LEVIES - July 1992
Macourtice Dev. Pt.Lot 28, C.2 $ 81,041.50 40M1675
Darlington
2 . DEVELOPMENT CHARGES - July 1992
Macourtice Dev. Inc . Pt. Lot 28, C.2 $ 53,322 . 75 40M1675
Darlington
Richard Lasek Pt. Lot 17, C.4 $ 4,797 . 00 B/P#92 . 0672
Darlington
1
Melody Homes Pt.Lot 9, 10, C.2 $ 29,168 . 00 40M1670
Bowmanville
$ 87,287 . 75
3 . CASH-IN-LIEU OF PARKLAND - July 1992
Armstrong & Gimble Lot 9, C.2 $ 4, 125. 00 LD178/91
Investment Ltd. Clarke LD372/90
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