HomeMy WebLinkAboutTR-49-92 THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File #
Date: June 1, 1992 R e s. #
By-Law#
Report#: TR-49-92 File#:
Subject: CASH ACTIVITY REPORT - APRIL, 1992
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1 . That report TR-49-92 be received; and
2 . That, in accordance with provision of Chapter 302,
Section 81 ( 1) of the Municipal Act, R.S.O. 1980,
the Treasurer reports to Committee that the cash
position of the Town of Newcastle for the month
ended April 30, 1992, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
April, 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 April
30, 1992 and the comparative information for the month ended April 30,
1991.
Respectfully submitted, Recommended for presentation
to the Committee,__
C1,
Ma ±6(A. Marano H.BSc. ,A.M.C.T. Lawrence E. K4seff
Treasurer Chief Administ ative officer
MAM/RS/ges
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of April, 1992
PART A
1992 1991
CASH ON HAND AT Mar. 31, 1992 $25,485,576 $18, 180,485
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . • • . . . . . . . . . . . . . 8,032,801 7, 194,650
Grants / Subsidies . . . . . . . .
207,721 197,830
Interest-Reserve Funds . . . . 97,942 99,565
-General Funds. . . . 32,794 45,357
* Other . . . . . . . . . . . . . . . . . . . . 679,495 1,056,642
Region of Durham. . . . . . . . . . 28,616 N/A
Total Cash Available. . . . . . . . . $34,565,945 $26,774,529
USE of funds
Expenditures
Debenture Charges . . . . . . . . . 491, 139 481, 181
Payroll. . . . . . . . . . . . . . . . . . . 469,584 432,074
General . . . . . . . . . . . . . . . . . . . 1,246,547 1,452,687
Interest. . . . . . . . . . . . . . . . . --- ---
Levies - Region. . . . . . . . . . . 1,944,659 1,786,837
- Schools . . . . . . . . . . --- ---
TOTAL EXPENSES 4 , 151,929 4 , 152 ,779
CASH on Hand as At Apr. 30, 1992 $30,414,016 $22 ,621,750
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 5,736,348 $ 3, 169, 106
Investments . . . . . . . . . . . . . . . 24 ,677 ,668 19 ,452 ,644
$30,414,016 $22 ,621,750
* Including Levies Attached
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of April, 1992
1992 1991
Balance Receivable- Mar. 31,1992 $ 3,406, 164 $ 2,592,337
Additions: Penalties & Interest. . 64, 190 49, 082
Taxes Billed. . . . . . . . . . 11,240,037 10,045,667
14,710,391 12,687,086
Reductions :Payments and
Adjustments . . . . . . . . . . . 8,018,845 7,194, 650
Balance Receivable-Apr. 30, 1992 $ 6, 691,546 $ 5,492,436
STATISTICAL INFORMATION
for the Month of April, 1992
Payment Received - Taxes 11,504
- Other 948
Tax Certificates Issued 386
Dog Licenses Issued 42
Burial Permit Issued
29
Accounts Payable Cheques Issued 1, 194
Cheque # 5375 to 5401
23282 23677
02298654 02298984
02310978 02311304
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of April 31, 1992
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL FUND
a) Toronto-Dominion 1,489,995 7 . 00 35D May lst
b) Scotia 993,900 7 . 00 32D May 12th
c) Toronto-Dominion 400,000 5 .50 14D May 7th
d) Montreal 994,310 6 .53 32D May 26th
e) Toronto-Dominion 1,491,450 6 .54 32D May 26th
f) C. I.B.C. 1,499,509 6 . 65 64D June 30th
g) C. I .B.C. 999,374 6 . 74 63D June 30th
h) C. I .B.C. 999,374 6 . 74 63D June 30th
i) Scotia 400,000 5 . 75 22D May 21st
RESERVE FUND
a) Montreal 1,867,263 7 . 19 89D May 12th
b) Royal 1,965,720 7 . 15 89D May 12th
c) C. I.B.C. 1,499,677 7 .28 88D May 29th
d) Toronto-Dominion 982,750 7 .28 88D May 29th
e) C. I .B.C. 999,801 7 . 30 66D May 22nd
f) Scotia 1,700,000 7 .25 57D May 22nd
g) Toronto-Dominion 1,964,760 6 . 82 96D July 20th
h) Royal 1,964,760 6 . 83 96D July 20th
i) Montreal 1,482,675 6 . 88 62D June 16th
j ) Royal 982,350 6 . 83 96D July 20th
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24, 677,668
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LOT LEVIES - April., 1992
Newcastle Meadows Pt. Lot 11, C. 2 $ 60,223 .50 10MB35
Bowmanville
$ 60,223 .50
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April 1992
A) Development Charges Levies:
671461 Ontario Ltd. Lot 13, C.2 $ 4,824.00 40M1668
Bowmanville
Macourtice Development Lot 28, C.2 $ 72,542 .50 40M1675
Inc. Darlington
Newcastle Meadows Pt. Lot 11, C.2 $ 48.843 . 00 1OM835
Bowmanville
$126 ,209 .50
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