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HomeMy WebLinkAboutTR-25-88 TOWN OF NEWCASTLE REPORT File 7 Res. — „ ¢ By-Law # MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: April 18, 1988 REPORT #: TR-25-88 FILE #: SMIECT: CASH ACTIVITY REPORT - FEBRUARY, 1988 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-25-88 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 Feb. 29, 1988 is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of February 1988 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 Feb. 29, 1988 and the comparative information for the month ended Feb. 28, 1987. Respectfully submitted, Recommended for presentation to the Committee Z _ .R. Blanchard, wrence Kotseff Treasurer. Chief m' istrative Officer JRB/JJ/pp i i I CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of February, 1988 PART A 1988 1987 CASH ON HAND AT Jan. 31, 1988 $ 7,496,724 $ 5,876,419 Total Cash for General Operating and Reserve Fund Purposes: Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,769,106 712,218 Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Interest - Reserve Funds. . . . . . . . . . 32,052 23,788 - General Funds. . . . . . . . . . 6,723 13,422 Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 334,035 240,917 Total Cash Available. . . . . . . . . . . . . . . . $12,638,640 $ 6,866,764 USE of funds Expenditures Debenture Charges. . . . . . . . . . . . . . . . . - - Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 251,195 230,916 General. . . . . . . . . . . . .. . . . . . . . . . . . . . 1,110,721 628,988 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . 15,782 - Levies - Region. . . . . . . . . . . . . . . . . . . - - - Schools. . . . . . . . . . . . . . . . . . - - TOTAL EXPENSES 1,377,698 859,904 CASH on Hand as At Feb. 29, 1988 $11,260,942 $ 6,006,860 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $11,260,942 $ 2,535,040 Investments.. . . . . . . . . . . . . . . . . . . . . . - 3,471,820 $11,260,942 $ 6,006,860 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of February, 1988 1988 1987 Balance Receivable - Jan. 31, 1988 $1,484,295 1,516,077 Additions: Penalties & Interest. . . . . . . 19,274 17,798 Taxes Billed. . . . . . . . . . . . . . . 6,004,480 - 7,508,049 1,533,875 Reductions: Payments Received. . . . . . . . . 4,769,106 712,218 Balance Receivable - Feb. 29, 1988 $2,738,943 $ 821,657 STATISTICAL INFORMATION for the month of February, 1988 Payment Received - Taxes 11,283 - Other 744 Tax Certificates Issued 12 Dog Licenses Issued 261 Burial Permit Issued 16 Accounts Payable Cheques Issued 856 Cheque # 5001 to 5279 265 276 8568349 8568641 8765233 8765511 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of February 29, 1988 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE NIL CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF FEBRUARY 1988 NAME ADDRESS AMOUNT DESCRIPTION Ridge Pine BF Conc , various lots 1,230 . 00 Lot Levies Clarke & Darlington H. Prins Pt . Lt . 18 , Conc . 6 1,475 . 00 Lot Levies Darlington LD 765/87 R. Bickle Pt . Lt . 25 , Conc . 1 1 ,475 . 00 Lot Levies Darlington LD 271/87 M. James Pt . Lt . 19 , Conc . 5 1,475 . 00 Lot Levies Darlington LD 780/87 Dondeb Const . Pt . Lt . 15 , Conc . 1 1,475 . 00 Lot Levies Bowmanville LD 336/87 J. O'Malley Pt .Lt . 35 , Conc. 2 4 ,400 . 00 Lot Levies Darlington LD 713/714/87 $ 12 , 255 . 00