HomeMy WebLinkAboutTR-22-92 V/
THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# r- 10 - 3Y,34 . 60
-V Date: April 6, 1992 Res. #a_L�L`__,"'V4
Report#: TR-22-92 File #: By-Law#
Subject: CASH ACTIVITY REPORT - FEBRUARY, 1992
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1 . That report TR-22-92 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 February 29 , 1992, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
FEBRUARY, 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
February 29, 1992 and the comparative information for the month ended
February 28, 1991.
Respectfully submitted, Recommended for presentation
to the Committee
Mari A. -Marano H.BSc . ,A.M.C.T. Lawrence E otseff
Treasurer Chief Admi trative Officer
MAM/RS/ges
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of February, 1992
PART A
1992 1991
CASH ON HAND AT Jan. 31, 1992 $21,824,717 $15,725,567
Total Cash for General
Operating and Reserve
Fund Purposes :
Taxes . . . . . . . . . . . . . . . 11,516,696 11,036,570
Grants / Subsidies . . . . . .
Interest-Reserve Funds . . . . 81,360 92,766
-General Funds . . . . 16,744 39,448
Other. . . . . . . 629,690 750,864
Region of Durham. . . . . . . . . . --- N/A
Total Cash Available. . . . . . . . . $34,069,207 $27,645,215
USE of funds
Expenditures
Debenture Charges . . . . . . . . . ---
Payroll. . . . . . . . . . . . . . . . . . . 466,029 434,222
General. . . . . . . . . . . . . . . . . . . 1,697, 311 1,052,635
Interest. . . . . . . . . . . . . . . . . --- ---
Levies - Region. . . . . . . . . . . 1,944, 659 1,786,837
- Schools. . . . . . . . . . --- _--
TOTAL EXPENSES 4 , 107 ,999 3,273,694
CASH on Hand as At Feb.29, 1992 $29,961,208 $24,371,521
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 4,592,228 $ 3,717,053
Investments . . . . . . . . . . . 25,368,980 20,654,468
$29 ,961,208 $24,371,521
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of February, 1992
1992 1991
Balance Receivable- Jan. 31,1992 $ 4,338, 116 $ 3,910,843
Additions: Penalties & Interest. . 52,454 42,718
Taxes Billed. . . . . . . . . . 11,463,853 10,354, 626
15,854,423 14,308, 187
Reductions:Payments and
Adjustments . . . . . . . . . . . 11,544,520 11, 036,570
Balance Receivable-Feb.29, 1992 $ 4,309,903 $ 3,271,617
STATISTICAL INFORMATION
for the Month of February, 1992
Payment Received - Taxes 12,548
Other 746
Tax Certificates Issued 381
Dog Licenses Issued 166
Burial Permit Issued 29
Accounts Payable Cheques Issued 1,228
Cheque # 5337 to 5354
22308 23040
02268335 02268652
02257924 02258256
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709
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of February 29, 1992
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL FUND
a) Scotia 1,491,075 7 . 05 31D Mar. 2nd
b) C. I.B.C. 999,672 7 . 10 33D Mar. 10th
c) Scotia 500,000 6 .875 18D Mar. 2nd
d) Scotia 1,000,000 7 . 15 36D Mar. 31st
e) C. I.B.C. 999, 119 7 . 18 35D Mar. 31st
f) Toronto-Dominion 1,490,055 7 . 17 34D Mar. 31st
g) Scotia 1,000,000 7 . 00 33D Mar. 31st
h) Royal 993,760 7 . 16 32D Mar. 31st
i) Royal 993,760 7 . 16 32D Mar. 31st
j ) Montreal 994,540 7 . 16 28D Mar. 27th
k) Scotia 1,000,000 7 . 15 27D Mar. 26th
1) Scotia 1,000,000 7 . 15 27D Mar. 26th
RESERVE FUND
a) Toronto-Dominion 2,371,848 7 . 34 59D Mar. 2nd
b) Montreal 1,769,796 7 .00 89D Apr. 15th
c) Royal 983,220 7 . 00 89D Apr. 15th
d) Royal 983,220 7 . 00 89D Apr. 15th
e) Toronto-Dominion 983, 190 7 . 01 89D Apr. 15th
f) Toronto-Dominion 983, 190 7 .01 89D Apr. 15th
g) Montreal 1,867,263 7 . 19 89D May 12th
h) Royal 1,965,720 7 . 15 89D May 12th
i) C. I.B.C. 999 ,552 7 . 14 33D Mar. 17th
25,368,980
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LOT LEVIES - FEBRUARY, 1992
Kiddicorp Investments Pt.Lot 34,35 C.2 $213,953 . 50 1OM833
Darlington 1OM832
$213,953 .50
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