HomeMy WebLinkAboutTR-17-92 THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# r-jQ
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Date: March 16, 1992 Res. #'; -t
Report#: TR-17-92— File#: By-Law#
Subject: CASH ACTIVITY REPORT - JANUARY, 1992
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-17-92 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 January 31, 1992, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
JANUARY, 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
January 31, 1992 and the comparative information for the month ended
January 31, 1991.
Respectfully submitted, Recommended for presentation
to the Committee
ie A. Marano H.BSc. ,A.M.C.T. Lawrence/kI Kotseff
Treasurer Chief A istrative Officer
MAM/RS/ges
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of January, 1992
PART A
1992 1991
CASH ON HAND AT Dec .31, 1991 $22,684, 119 $16, 080,598
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . 354,830 340,644
Grants /Subsidies . . . . . . . . 36, 104 1, 149,321
Interest-Reserve Funds . . . . 126,324 53,370
-General Funds . . . . 35,885 30,468
Other. . . . . . . . . . . . . . . . . . . . . 973,676 975,476
Region of Durham. . . . . . . . . . 48,305 N/A
Total Cash Available. . . . . . . . . $24,259,243 $18,629,877
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- ___
Payroll. . . . . . . . . . . . . . . . . . . 748,935 655,244
General. . . . . . . . . . . . . . . . . . . 1,685,591 2,249,066
Interest. . . . --- ---
Levies - Region. . . . . . . . . . . ---
- Schools . . . . . . . . . . --- ___
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TOTAL EXPENSES 2 ,434,526 2 ,904,310
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CASH on Hand as At Jan. 31, 1992 $21,824,717 $15,725,567
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 4,847,262 $ 7,846,315
Investments . . . . . . . . . . . . . . . 16 ,977 ,455 7 ,879 ,252
$21,824 ,717 $15,725,567
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of January, 1992
1992 1991
Balance Receivable- Dec. 31,1991 $ 4,637, 164 $ 4,213,264
Additions: Penalties & Interest. . 55,782 44,874
Taxes Billed. . . . . . . . . . --- ---
4,692,946 4,258, 138
Reductions:Payments and
Adjustments . . . . . . . . . . . 354,830 347,295
Balance Receivable-Jan. 31, 1992 $ 4,338, 116 $ 3,910, 843
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STATISTICAL INFORMATION
for the Month of January, 1992
Payment Received - Taxes 394
- Other 920
Tax Certificates Issued 275
Dog Licenses Issued 95
Burial Permit Issued 23
Accounts Payable Cheques Issued 1, 670
Cheque # 5305 to 5336
21854 22307
02229263 02229626
02237207 02237551
02247621 02247962
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of January 31, 1992
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Royal 993, 880 7 .25 31D Feb. 13th
b) C. I .B.C. 998,661 6 .99 7D Feb. 6th
c) Scotia 1, 000,000 6 .875 11D Feb. 10th
d) Scotia 1,491,075 7 .05 31D Mar. 2nd
RESERVE FUND
a) Montreal 1, 961,720 7 . 66 93D Feb. 13th
b) Montreal 980,860 7 .66 93D Feb. 13th
c) Toronto-Dominion 1,476,795 7 .45 77D Feb. 13th
d) Toronto-Dominion 2,371,848 7 .34 59D Mar. 2nd
e) Montreal 1,769,796 7 .00 89D Apr. 15th
f) Royal 983,220 7 .00 89D Apr. 15th
g) Royal 983,220 7 . 00 89D Apr. 15th
h) Toronto-Dominion 983, 190 7 . 01 89D Apr. 15th
i) Toronto-Dominion 983, 190 7 . 01 89D Apr. 15th
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16, 977,455
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LOT LEVIES - JANUARY, 1992
Martin Rd. Holdings Ltd Pt.Lot 15, 16, C. 1 $151,998 .50 40X1686
Bowmanville
848601 Ontario Ltd. Pt. Lot 30, C. 3 $191,023 . 00 40M1684
Darlington 40M1685
Kiddicorp Investments Pt.Lot 14, C. 1 $ 15,000. 00 LD 258-
Bowmanville 260/90
K. Morgan Pt. Lot 24, C.6 $ 5,000 . 00 LD 14/91
(Magik Mom Stable) Darlington
$363,021.50
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