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Home My WebLink AboutTR-3-92 THE CORPORATION OF THE TOWN OF NEWCASTLE REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File # __h'/!O. I'D 8a, M® Date: January 6, 1992 Res. #:'° � ' By-Law Report#: TR-3-92 File#: Subject: CASH ACTIVITY REPORT - NOVEMBER, 1991 PART A Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-3-92 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 November 30, 1991, is as shown on the attached schedule; and 3 . That Part A of the expenditures for the month of November, 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 November 30, 1991 and the comparative information for the month ended November 30, 1990 . Respectfully submitted, Recommended for presentation } to the Committee Marie A. Marano H.BSc. ,A.M.C.T. Lawrenc . Kotseff Treasurer Chief nistrative Officer MAM/RS/ges 1 tl'IS Pfl:tl lC ll G!flEGYC LE I)f'APCR CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of November, 1991 PART A 1991 1990 CASH ON HAND AT Oct. 31, 1991 $28,702,689 $22,465,846 Total Cash for General Operating and Reserve Fund Purposes: Taxes . . . . . . . . . . . . . . . . . . . . . 923, 105 464,086 Grants . . . . . . . . . . . . . . . . . . . . --- 103,106 Interest-Reserve Funds . . . . 59,409 113,880 -General Funds . . . . 60,974 61,208 Other. . . . . . . . . . . . . . . . . . . . . 2,768,230 762,963 Total Cash Available. . . . . . . . . $32,514,407 $23,971,089 USE of funds Expenditures Debenture Charges. . . . . . . . . 265, 139 --- Payroll. . . . . . . . . . . . . . . . . . . 458,249 496,888 General. . . . . . . . . . . . . . . . . . . 1,843,256 1,865,903 I Interest. . . . --- --- Levies - Region. . . . . . . . . . . --- --- - Schools . . . . . . . . . . --- --- I i TOTAL EXPENSES 2 ,566 ,644 2 ,362,791 CASH on Hand as At Nov. 30, 1991 $29 ,947 ,763 $21,608,298 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . $ 4,471,405 $ 1,360,032 Investments . . . . . . . . . . . . . . . 25,476 ,358 20,248,266 $29 ,947 ,763 $21,608,298 i 7n / CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the month of November, 1991 1991 1990 Balance Receivable- Oct. 31,1991 $ 6,007,345 $ 4,948,652 Additions: Penalties & Interest. . 70,871 55,218 Taxes Billed. . . . . . . . . . --- --- 6,078,216 5,003, 870 Reductions:Payments and Adjustments . . . . . . . . . . . 933, 136 481,230 Balance Receivable-Nov. 30, 1991 $ 5, 145,080 $ 4,522, 640 STATISTICAL INFORMATION for the Month of November, 1991 Payment Received - Taxes 1,087 - Other 910 i Tax Certificates Issued 576 Dog Licenses Issued 4 Burial Permit Issued 29 Accounts Payable Cheques Issued 1,501 Cheque # 5266 to 5282 17911 18640 02181343 02181747 02192243 02192630 I 71 ii CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of November 30, 1991 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE GENERAL a) Scotia 1,300, 000 8 . 35 65D Dec. 13th b) Scotia 1,000,000 8 . 35 65D Dec. 13th c) C. I.B.C. 999,895 8 .44 61D Dec. 10th d) Royal 2, 999,493 8 . 15 56D Dec. 13th e) C. I.B.C. 999,593 8 . 09 56D Dec. 13th f) Toronto-Dominion 988,320 8 . 14 53D Dec. 13th g) Royal 1,490, 640 7 . 90 29D Dec. 5th h) Scotia 993, 100 7 . 68 33D Dec. 23rd i) Scotia 1,489,485 7 . 36 35D Dec. 30th j ) C. I.B.C. 1,499,587 7 .27 65D Jan. 31/92 RESERVE a) Toronto-Dominion 985,560 8.49 63D Dec. 17th b) Toronto-Dominion 1, 960, 180 8 . 15 91D Jan. 17/92 c) Toronto-Dominion 980,090 8 . 15 91D Jan. 17/92 d) Montreal 1,971,980 7 . 98 65D Jan. 3/92 e) C. I.B.C. 1,399,060 7 . 84 73D Jan. 17th f) Montreal 1, 961,720 7 . 66 93D Feb. 13/92 g) Montreal 980,860 7 . 66 93D Feb. 13/92 h) Toronto-Dominion 1,476,795 7 .45 77D Feb. 13/92 i 25,476,358 7rl � i LOT LEVIES - November, 1991 B. Welsh Pt. Lot 35, C. 3 $ 2,974 . 00 LD 229/90 Darlington 708545 Ontario Ltd. Pt. Lot 31,32, C.2 $173,979 . 00 40M1669 Darlington Courtice Heights Dev. Lot 31, C. 3 $ 11,896 . 00 LD 209/91 Darlington LD 210/91 Region of Durham Pt. Lot 8, C.2 $163,800.00 DEV88-42 Non-Profit Housing Bowmanville MacCourtice Dev. Pt. Lot 28, C.2 $ 36,344 . 00 18T90041 Darlington Veltri & Sons Corp. Lot 8, C. 1 $ 23,792 . 00 1BT89086 Bowmanville Marianna Dev. Pt. Lot 12, C.2 $ 26,022 .50 18T84035 Bowmanville I 621182 Ontario Ltd. Pt. Lot 9, C.2 $ 92, 194 . 00 18T89013 Bowmanville 848601 Ontario Inc . Pt. Lot 30, C. 3 $ 62,683 . 00 18T89035 Darlington 18T88067 Newcastle Meadows Pt. Lot 11, C.2 $ 36,431.50 1BT82037 Bowmanville $630, 116 .00 j I i 710 i