HomeMy WebLinkAboutTR-75-92 THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File#
Date: September 8, 1992 Res. #
Report#: TR-75-92 File#: By-Law#
Subject: CASH ACTIVITY REPORT - JUNE, 1992
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-75-92 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 June 30, 1992, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
June 30, 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 June
30, 1992 and the comparative information for the month ended June 30,
1991.
Respectfully submitted, Recommended for presentation
to the Committee
Marie A. Marano H.BSc. ,A.M.C.T. Lawrence E. Kotodflf
Treasurer Chief Administrative officer
MAM/RS/ges
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of June, 1992
PART A
1992 1991
CASH ON HAND AT May 31, 1992 $31,184,088 $23,272,274
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . 14,176,182 13, 108, 104
Grants /Subsidies . . . . . . 83,451 ---
Interest-Reserve Funds . . . . 17,472 137,563
-General Funds . . . . 93,556 119, 149
Other . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . 538,148 696,918
* Region ofDurham. . . . . . . . . . --- N/A
Total Cash Available. . . . . . . . . $46,092,897 $37,334,008
USE of funds
Expenditures
Debenture Charges. . . . . . . . . --- ---
Payroll. . . . . . . . . . . . . . . . . . . 499,583 490,256
General. . . . . . . . . . . . . . . . . . . 1,034,299 1,015,413
Interest. . . . . . . . . . . . . . . . . . --- ---
Levies - Region. . . . . . . . . . . --- ---
- Schools . . . . . . . . . . 7,808,832 7,395,304
TOTAL EXPENSES 9 ,342 ,714 8,900,973
CASH on Hand as At June 30, 1992 $36 ,750,183 $28,433,035
ANALYSIS as follows
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Cash. . . . . . . . . . . . . . . . . . . . . . $ 51,736,993 $ 4,703,567
Investments. . . . . . . . . . . . . . . 31,013, 190 23 ,729 ,468
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$36 ,750, 183 $28,433 .035
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* Including Levies Attached
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
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for the month of June, 1992
1992 1991
Balance Receivable- May. 31,1992 $ 5,290,398 $ 4, 967,557
Additions: Penalties & Interest. . 75,177 58,315
Taxes Billed. . . . . . . . . . 13,805,804 12,759,871
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19,171,379 17,785,743
Reductions:Payments and
Adjustments . . . . . . . . . . . 14,924,912 13,235,942
Balance Receivable-June 30, 1992 $ 4,246,467 $ 4,549,801
STATISTICAL INFORMATION
for the Month of June, 1992
Payment Received - Taxes 17, 124
- Other 986
Tax Certificates Issued 512
Dog Licenses Issued 37
Burial Permit Issued 24
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Accounts Payable Cheques Issued 1,233
Cheque # 5429 to 5452
18641 19042
02340598 02340934
02351427 02351774
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of June 30, 1992
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL FUND
a) Scotia 400,000 6 . 00 28D July 2nd
b) Toronto-Dominion 994,850 6 . 09 31D July 10th
c) Scotia 398,084 5. 85 30D July 16th
d) C. I.B.C. 700,000 5.875 40D July 28th
e) Scotia 397,432 5 . 75 41D July 29th
f) Montreal 992, 120 5. 80 50D Aug. 12th
g) Scotia 1,500,000 5 . 70 69D Aug. 31st
h) Scotia 994,960 5. 60 33D July 28th
i) C. I.B.C. 999,697 5.57 61D Aug. 26th
j ) C. I.B.C. 999,697 5 .57 61D Aug. 26th
k) Scotia 1, 100,000 5 .50 66D Aug. 31st
1) Toronto-Dominion 986,510 5 . 61 89D Sept. 23rd
m) C. I.B.C. 900,000 5 .57 93D Sept. 30th
n) C. I.B.C. 600,000 5 .57 93D Sept. 30th
o) Scotia 1,000,000 5 .50 72D Sept. 9th
p) Royal 986, 110 5 .59 92D Sept. 30th
q) Toronto-Dominion 986 , 150 5 .57 92D Sept. 30th
SUBTOTAL 14,935,610
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of June 30, 1992
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
RESERVE FUND
a) Toronto-Dominion 1,964,760 6 . 82 96D July 20th
b) Royal 11964,760 6 .83 96D July 20th
c) Royal 982,350 6 .83 96D July 20th
d) Royal 2 ,263,821 6 .44 90D Aug. 10th
e) Montreal 1,968,600 6 .48 90D Aug. 10th
f) Scotia 984,870 6 .23 90D Aug 20th
g) Montreal 1,871,025 6 .28 90D Aug 10th
h) C. I.B.C. 1,599,329 6 . 11 73D Aug 10th
i) Montreal 986,300 6 . 11 83D Aug 20th
j ) Toronto-Dominion .1,491,765 5 .93 34D July 20th
TOTAL 31,013 , 190
1. LOT LEVIES - June 1992
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Delbert Dev. Corp. Pt.Lot 30, C. 3 $ 2,730 .00 40M1685
Darlington
Ridge Pine Park BF Conc. $ 1,845. 00 Lots234,
Clarke & Darlington 244, 248
$ 4,575. 00
2 . DEVELOPMENT CHARGES - June 1992
671461 Ontario Ltd. Lot 10, C.2 $ 21412 .00 40M1668
Bowmanville
D'Angelo Bros . Group Pt. Lot 13, C. 1 $ 5,386 .00 LD73/91
Bowmanville
$ 7,798 .00
3 . CASH-IN-LIEU OF PARKLAND - June 1992
Veltri & Son Pt. Lot 8, C. 1 $ 5,960 .00 LD137 to
Bowmanville 140/91
Veltri & Son Pt. Lot 7, C. 1 $ 459 . 13 LD166 to
Clarke 169/91
$ 6 ,419 . 13
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