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HomeMy WebLinkAboutTR-1-88 TOWN OF NEWCASTLE �C REPORT File # /�• � . • � � • � '� Res. # �P By-Law # MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: January 4, 1988 REPORT #: TR-1-88 FILE #: SUBJECT: CASH ACTIVITY REPORT - NOVEMBER, 1987 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-1-88 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 Nov. 30, 1987 is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of Nov. 1987 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 Nov. 30, 1987 and the comparative information for the month ended Nov. 30, 1986. Respectfully submitted, Recommended for presentation to the Committee A wiz _ jA.R. Blanchard, L rence otseff Treasurer. Chief A i.i trative Officer JRB/JJ/pp , C) CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of November 1987 PART A 1987 1986 CASH ON HAND AT OCT. 31, 1987 $11,500,942 $ 9,909,704 Total Cash for General Operating and Reserve Fund Purposes: Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 414,852 215,072 Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,371 315,670 Interest - Reserve Funds.. . . . . . . . . 37,424 5,062 - General Funds. . . . . . . . . . 20,513 71,417 Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 259,198 381,880 Total Cash Available. . . . . . . . . . . . . . . . $12,261,300 $10,898,805 USE of funds Expenditures Debenture Charges. . . . . . . . . . . . . . . . . - 11,963 Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 231,373 209,596 General. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,466,110 709,597 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region. . . . . . . . . . . . . . . . . . . - - Schools. . . . . . . . . . . . . . . . . . - - TOTAL EXPENSES 1,697,483 931,156 CASH on Hand as At Nov. 30, 1987 $10,563,817 $ 9,967,649 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,182,269 $ 3,517,774 Investments. . . . . . . . . . . . . . . . . . . . . . . 7,381,548 6,449,875 $10,563,817 $ 9,967,649 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of November 1987 1987 1986 Balance Receivable - Oct. 31, 1987 $2,848,447 2,450,499 Additions: Penalties & Interest. . . . . . . 26,419 25,048 Taxes Billed. . . . . . . . . . . . . . . - - 2,874,866 2,475,547 Reductions: Payments Received. . . . . . . . . 414,852 215,072 Balance Receivable - Nov. 30, 1987 $2,460,014 $2,260,475 STATISTICAL INFORMATION for the month of November, 1987 Payment Received - Taxes 645 - Other 943 Tax Certificates Issued 239 Dog Licenses Issued 43 Burial Permit Issued 17 i Accounts Payable Cheques Issued 989 i Cheque # 7337502 to 7337792 j 7519670 7519955 202 225 3762 4153 i CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of November 30, 1987 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE a) C.I.B.C. 1,968,460 9.28 60D Dec. 8/87 b C.I.B.C. 984,230 9.28 60D Dec. 8/87 c) B.N.S. 2,178,858 8.05 44D Dec. 10/87 d) Lloyds Bank 1,500,000 7.90 45D Dec. 11/87 e) Lloyds Bank 750,000 9.15 76D Dec. 14/87 $7,381,548 i i i CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF NOVEMBER 1987 NAME ADDRESS AMOUNT DESCRIPTION Kingsberry Pt . Lt . 35, Conc . 2 $ 19 , 800 . 00 Lot Levies Properties Darlington David Shewchuck Pt . Lt . 27, Conc . 2 1, 475 . 00 Lot Levies Darlington LD 361/87 W.A. Lake Pt .Lt . 23, BF Conc . 1, 475 . 00 Lot Levies Clarke LD 254/87 Tota Farms Ltd . Pt . Lt . 22, Conc . 2 625 . 00 Lot Levies Clarke LD 137/86 F. & M. Smith Pt . Lt . 31, Conc . 4 2 , 950. 00 Lot Levies Darlington LD 308/309/87 Ridge Pine Park BF Conc . , Various Lots 1, 230 . 00 Lot Levies Clarke and Darlington Joseph Ottenbrite Pt . Lt . 8, Conc . 1 2 , 200 . 00 Lot Levies Darlington Michaels & Michaels Pt . Lt . 14, Conc . 1 2, 200 . 00 Lot Levies Darlington LD 663/87 $ 31 ,955 . 00 i i i