HomeMy WebLinkAboutTR-31-92 V
THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# rLtL,
Date: April 21, 1992 Res. #
By-La
Report#: TR-31-92— File#:
w#
Subject: CASH ACTIVITY REPORT - MARCH, 1992
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1 . That report TR-31-92 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 March 31, 1992, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
March, 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 March
31, 1992 and the comparative information for the month ended March 31,
1991.
Respectfully submitted, Recommended for presentation
to the Committee
Marie A. Marano H.BSc. ,A.M.C.T. Lawrence E. otseff
Treasurer Chief Adminiftrative Officer
MAM/RS/ges
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of March, 1992
PART A
1992 1991
CASH ON HAND AT Feb.29, 1992 $29,961,208 $24,371,521
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . 959,559 734,391
Grants /Subsidies . . . . . . 631, 309 ---
Interest-Reserve Funds . . . . 35, 616 93,371
-General Funds. . . . 85, 888 94,890
* Other . . . . . . . . . . . . . . . . . . 2,276,215 631,017
Region of Durham. . . . . . . . . . 111, 693 N/A
Total Cash Available. . . . . . . . . $34,061,488 $25,925, 190
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- 2,161
Payroll. . . . . . . . . . . . . . . . . . . 459,354 432,334
General. . . . . . . . . . . . . . . . . . . 1,482,961 1,438,320
Interest. . . . . . . . . . . . . . . . . . --- ---
Levies - Region. . . . . . . . . . . --- ---
- Schools . . . . . . . . . . 6, 633,597 5,871,890
TOTAL EXPENSES 8,575,912 7 , 744,705
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CASH on Hand as At Mar. 31, 1992 $25,485,576 $18, 180,485
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 4,979,232 $ 3,924,252
Investments . . . . . . . . . . . . . . . 20,506 ,344 14 ,256 ,233
$25,485,576 $18, 180,485
* Including Levies Attached
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of March, 1992
1992 1991
Balance Receivable- Feb.29,1992 $ 4,309,903 $ 3,271,617
Additions: Penalties & Interest. . 73,875 55, 111
Taxes Billed. . . . . . . . . . ---
4,383,778 3,326, 728
Reductions:Payments and
Adjustments . . . . . . . . . . . 977,614 734,391
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Balance Receivable-Mar. 31, 1992 $ 3,406,164 $ 2,592, 337
STATISTICAL INFORMATION
for the Month of March, 1992
Payment Received - Taxes 1, 332
- Other 1, 058
Tax Certificates Issued 518
Dog Licenses Issued 55
Burial Permit Issued 32
Accounts Payable Cheques Issued 1,259
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Cheque # 5355 to 5374
22792 23281
02278231 02278558
02288746 02289058
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of March 31, 1992
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL FUND
a) Toronto-Dominion 1,491,795 7 .43 27D Apr. 6th
b) C. I .B.C. 10,999,050 7 .28 35D Apr. 30th
c) Scotia 1,000,000 6 . 875 14D Apr. 9th
d) Scotia 700, 000 6 .50 9D Apr. 9th
RESERVE FUND
a) Montreal 1,769,796 7 . 00 89D Apr. 15th
b) Royal 983,220 7 . 00 89D Apr. 15th
c) Royal 983,220 7 .00 89D Apr. 15th
d) Toronto-Dominion 983, 190 7 .01 89D Apr. 15th
e) Toronto-Dominion 983, 190 7 .01 89D Apr. 15th
f) Montreal 1,867,263 7 . 19 89D May 12th
g) Royal 1, 965,720 7 . 15 89D May 12th
h) C. I.B.C. 11499,677 7 .28 88D May 29th
i) Toronto-Dominion 982,750 7 .28 88D May 29th
j ) C. I .B.C. 999,801 7 . 30 66D May 22nd
k) Scotia 1, 700,000 7 .25 57D May 22nd
i) Scotia 597 ,672 7 . 10 20D Apr. 15th
20,506,344
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LOT LEVIES - MARCH, 1992
Nesika Farms Lot 14, C. 6 $ 5,000 . 00 LD574/89
Darlington
Bowmanville Valley Co-op Pt. Lot 13,14, C. 2 $158,741. 00 DEV89-30
Bowmanville
Macourtice Dev. Pt. Lot 28, C.2 $153,729 .50 40M1675/
Darlington 18T90041
Schickedanz Bros. Pt. Lot 9, 10, C.2 $214,824 . 00 1OM829 &
Bowmanville 1OM830
NorArm Dev. Inc . Lot 9, C. 1 $ 31,630. 00 1OM837
Bowmanville
Martin Road Holdings Lot 15, 16, C. 1 $303,997 . 00 40M1686
Darlington
Kiddicorp Investments Ltd. Lot 14, C.2 $ 11,340 . 00 1OM833
Bowmanville
671461 Ontario Ltd. Lot 13, C.2 $ 25,279 . 00 40M1668
Bowmanville
Kiddicorp Investments Ltd. Lot 34,35, C.2 $ 29,862 . 00 1OM832
Darlington
$934 ,402 .50
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MARCH 1992
A) Road, Engineering and Inspection Contributions:
Bowmanville Valley Co-op $ 12,910. 40 DEV89-30
621182 Ontario Ltd. 42 ,725 . 89 Liza - Ph. 1
$ 55 ,636 .29
B) Cash In Lieu of Parkland:
Bowmanville Valley Co-op $ 49,450. 00 DEV89-30
G. & E. Balson 2 ,930. 18 LD324/91
$ 52 ,380. 18
C) Region Development Charges:
Bowmanville Valley Co-op $389 ,058. 00 DEV89-30
732