HomeMy WebLinkAboutTR-62-92 THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# t-- 0
Date:
July 6, 1992 By-Law#
Report#: File #:
—fR--62-92
Subject: CASH ACTIVITY REPORT - MAY, 1992
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-62-92 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 May 31, 1992, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
May 31, 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 May
31, 1992 and the comparative information for the month ended May 31,
1991.
Respectfully submitted, Recommended',for presentation
to the Committee
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Marie-1. Marano H.BSc. ,A.M.C.T. Lawrence E. Ko t'sqff
Treasurer Chief Administ#ative officer
MAM/RS/yam
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of May, 1992
PART A
1992 1991
CASH ON HAND AT Apr. 30, 1992 $30,414,016 $22,621,750
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes. . . . . . . . . . . . . . . . 1,439,572 587,905
Grants / Subsidies. . . . . . . . 34,976 926,230
Interest-Reserve Funds. . . . 143,821 56,505
-General Funds . . . . 35,976 46,838
* Other . . . . . . . . . . . . . . . . . . 958,642 1,019,753
Region ofDurham. . . . . . . . . . 443,984 N/A
Total Cash Available. . . . . . . . . $33,470,987 $22,258,981
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- ---
Payroll. . . . . . . . . . . . . . . . . . . 478, 156 448,099
General. . . . . . . . . . . . . . . . . . . 1,808,743 1,538,608
Interest. . . . . . . . . . . . . . . . . . --- ---
Levies - Region. . . . . . . . . . . --- ---
- Schools . . . . . . . . . . --- ---
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TOTAL EXPENSES 2 ,286 ,899 1,986 ,707
CASH on Hand as At May 31, 1992 $31, 184 ,088 $23,272 ,274
ANALYSIS as follows j
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Cash. . . . . . . . . . . . . . . . . . . . . . $ 4,644,866 $ 2,915,812
Investments . . . . . . . . . . . . . . . 26 ,539 ,222 20,356 ,462
$31, 184,088 $23,272 .274
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* Including Levies Attached
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of May, 1992
1992 1991
Receivable- Apr.30,1992 $ 6,691,546 $ 5,492,436
Additions: Penalties & Interest. . 69,891 63,026
Taxes Billed. . . . . . . . . . --- ---
6,761,437 5,555,462
Reductions:Pa Ym ents and
Adjustments. . . . . . . . . . . 1,471,039 587,905
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Balance Receivable-May 31, 1992 $ 5,290,398 $ 4,967,557
STATISTICAL INFORMATION
for the Month of May, 1992
Payment Received - Taxes 1,367
- Other 1,042
Tax Certificates Issued 432
Dog Licenses Issued 27
Burial Permit Issued 14
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Accounts Payable Cheques Issued 1, 126
Cheque # 5402 to 5428
23678 24028
02331317 02331651
02319619 02319932
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of May 31, 1992
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL FUND
a) C. I.B.C. 1,499,509 6 .65 64D June 30th
b) C. I.B.C. 999,374 6 .74 63D June 30th
c) C. I.B.C. 999,374 6 .74 63D June 30th
d) Scotia 989,870 6 .55 57D June 30th
e) Toronto-Dominion 1,492,365 6 .44 29D June 9th
f) Scotia 1,200,000 6 .40 42D June 23rd
g) Toronto-Dominion 1,000,000 6 .40 49D June 30th
h) Scotia 399,060 6 . 15 14D June 4th
i) Toronto-Dominion 1,491, 180 6 . 17 35D June 30th
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j ) Scotia 400,000 5 . 00 20D June 18th
RESERVE FUND
a) Toronto-Dominion 1,964,760 6 . 82 96D July 20th
b) Royal 1,964,760 6 .83 96D July 20th
c) Montreal 1,482,675 6 . 88 62D June 16th
d) Royal 982,350 6 .83 96D July 20th
e) Royal 2,263,821 6 .44 90D Aug 10th
f) Montreal 1,968,600 6 48 90D Aug 10th
g) Scotia 984,870 6 .23 90D Aug 20th
h) Montreal 1,871,025 6 .28 90D Aug 10th
i) C. I.B.C. 11599,329 6 . 11 73D Aug 10th
j ) Montreal 986,300 6 . 11 83D Aug 20th
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26,539,222
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LOT LEVIES - May 1992
Dow Downs Farms Relocation of Bldg $ 2,974 . 00 BP#92 . 0521
on property
Ashdale Capital Pt. Lot 9, c.2 $ 75,326 . 00 40M1676
Bowmanville
Wilmot Creek BF Conc . $ 3,690. 00 Lots 53,
(Ridge Pine Park) Bowmanville 54, 55,
144, 146,
147
81,990. 00
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1. DEVELOPMENT CHARGES - MAY 1992
Dow Downs Farms Relocation of Bldg $ 1,823.00 B/P#92 . 0521
on property
Ashdale Capital Pt. Lot 9, c.2 $ 94,813 .00 40M1676
Bowmanville
671461 Ontario Ltd Lot 6, C.2 $ 2,412 . 00 40M1668
Bowmanville
Kiddicorp Investments Pt. Lot 14, C. 1 $ 1, 158.00 LD258 to
Ltd Bowmanville 260/90
$100,206 . 00
2 . CASH-IN-LIEU OF PARKLAND:
Le Groupe Jean Coutu Inc. $ 10, 105. 04 DEV91-048
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