HomeMy WebLinkAboutTR-7-92 VI/
THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# I
Date: February 3, 1992 Res. # -J"t L:;C
By-Law
Report#: TR-7-92 File#: #
Subject: CASH ACTIVITY REPORT - DECEMBER, 1991
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-7-92 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 December 31, 1991, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
December, 1991 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
December 31, 1991 and the comparative information for the month ended
December 31, 1990 .
Respectfully submitted, Recommended for presentation
to th C-0 it+-,nqn
Marie A. Marano H.BSc. ,A.M.C.T. Lawrence/-I*/ Kotseff
Treasurer Chief A l istrative Officer
MAM/RS/ges
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of December, 1991
PART A
1991 1990
CASH ON HAND AT Nov. 30, 1991 $29,947,763 $21,608,298
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . • . . . . . . . . . . . . . . . . . 1,013,324 632,496
Grants / Subsidies . . . . . . . . 653,334 ---
Interest-Reserve Funds . . . . 15,622 88,353
-General Funds . . . . 143,278 27,873
Other. . . . . . . . . . . . . . . . . . . . . 937,610 422,038
Region of Durham. . . . . . . . . . 112 ,050 N/A
Total Cash Available. . . . . . . . . $32,822,981 $23,779,058
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- ---
Payroll . . . . . . . . . . . . . . . . . . . 509,726 444,591
General. . . . . . . . . . . . . . . . . . . 2,995,539 941,045
Interest. . . . . . . . . . . . . . . . . . --- ---
Levies - Region. . . . . . . . . . . --- ---
- Schools. . . . . . . . . . 6,633,597 6,312,824
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TOTAL EXPENSES 10, 138,862 7 ,698,460
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CASH on Hand as At Dec. 31, 1991 $22 ,684, 119 $16 ,080,598
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 4,274,412 $ 3,046,868
Investments . . . . . . . . . . . . . . . 18 ,409 ,707 13,033,730
$22 ,684, 119 $16 ,080 ,598
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of December, 1991
1991 1990
Balance Receivable- Nov. 30,1991 $ 5, 145,080 $ 4,522,640
Additions: Penalties & Interest. . 61,990 49,638
Taxes Billed. . . . . . . . . . 507,363 287, 005
5,714,433 4, 859,283
Reductions:Payments and
Adjustments . . . . . . . . . . . 1,077,269 646, 019
Balance Receivable-Dec . 31, 1991 $ 4,637, 164 $ 4,213,264
STATISTICAL INFORMATION
for the Month of December, 1991
Payment Received - Taxes 769
- Other 831
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Tax Certificates Issued 320
Dog Licenses Issued 0
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Burial Permit Issued 32
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Accounts Payable Cheques Issued 1,572
Cheque # 5283 to 5304
21051 21853
02202879 02203253
02215970 02216352
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of December 31, 1991
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) C. I .B.C. 1,499,587 7 .27 65D Jan. 31st
b) Royal 1,491,255 7 . 38 29D Jan. 8th
c) Royal 994,280 7 .50 28D Jan. 20th
d) Scotia 400,000 6 . 75 9D Jan. 2nd
e) Scotia 400,000 6 .75 23D Jan. 16th
f) Scotia 1,500,000 7 . 00 3D Jan. 2nd
RESERVE
a) Toronto-Dominion 1,960, 180 8. 15 91D Jan. 17th
b) Toronto-Dominion 980,090 8 . 15 91D Jan. 17th
c) Montreal 1,971,980 7 . 98 65D Jan. 3rd
d) C. I.B.C. 1,399,060 7 .84 73D Jan. 17th
e) Montreal 1,961,720 7 . 66 93D Feb. 13th
f) Montreal 980,860 7 . 66 93D Feb. 13th
g) Toronto-Dominion 1,476,795 7 .45 77D Feb. 13th
h) Royal 993,900 7 .23 31D Jan. 17th
i) Scotia 400,000 6 . 00 4D Jan 3rd
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18,409,707
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LOT LEVIES - December, 1991
Ashdale Capital Corp. Pt. Lot 9, C.2 $189,626 .50 40M1676
(Bay Park Homes) Bowmanville
Macourtice Dev. Inc . Pt. Lot 28, C.2 $ 81,041.50 40M1675
Darlington
Veltri & Sons Corp. Lot 8, C. 1 $ 44,610 . 00 40M1680
Bowmanville
$315,278 . 00
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