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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 i i 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 I $36,290,096 $29,610,993 * Including Levies Attached % 06 i i CORPORATION OF THE TOWN OF NEWCASTLE I 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 J r� � / U 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 i i 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 i