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HomeMy WebLinkAboutTR-33-88 TOWN OF NEWCASTLE REPORT File # OCR -�57 , Res. By-Law # hEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: June 6, 1988 REPORT #: TR-33-88 FILE #: SMECT: CASH ACTIVITY REPORT - APRIL, 1988 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-33-88 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 Apr. 30, 1988 is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of April 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 Apr. 30, 1988 and the comparative information for the month ended Apr. 30, 1987. Respectfully submitted, Recommended for presentation to the Committee .R. Blanchard, ..L wrence/E` Kotseff ` reasurer. Chief Agmi tistrative Officer JRB/JJ/pp 1 � CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of April, 1988 PART A 1988 1987 CASH ON HAND AT Mar. 31, 1988 $ 7,917,174 $ 6,504,108 Total Cash for General Operating and Reserve Fund Purposes: Taxes.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,156,238 2,732,128 Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 158,104 476,600 Interest - Reserve Funds. . . . . . . . . . 40,140 43,847 - General Funds. . . . . . . . . . 30,673 22,436 Other.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 438,757 438,185 Total Cash Available. . . . . . . . . . . . . . . . $12,741,086 $10,217,304 USE of funds Expenditures Debenture Charges. . . . . . . . . . . . . . . . . - - Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 244,906 325,171 General. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,046,336 1,072,658 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region. . . . . . . . . . . . . . . . . . . 1,050,128 916,400 - Schools.. . . . . . . . . . . . . . . . . - - TOTAL EXPENSES 2,341,370 2,314,109 CASH on Hand as At Apr. 30, 1988 $10,399,716 $ 7,903,075 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,399,716 $ 4,653,390 Investments. . . . . . . . . . . . . . . . . . . . . . . 5,000,000 3,249,685 $10,399,716 $ 7,903,075 4A, CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of April, 1988 1988 1987 Balance Receivable - Mar. 31, 1988 $ 833,507 958,607 Additions: Penalties & Interest. . . . . . . 24,386 21,845 Taxes Billed.. . . . . . . . . . . . . . 6,181,308 5,120,310 7,039,201 6,100,762 Reductions: Payments Received. . . . . . . . . 4,156,238 2,732,128 Balance Receivable - Apr. 30, 1988 $2,882,963 $3,368,634 STATISTICAL INFORMATION for the month of April, 1988 Payment Received - Taxes 8,921 - Other 1,154 Tax Certificates Issued 177 Dog Licenses Issued 157 Burial Permit Issued 14 Accounts Payable Cheques Issued 975 Cheque # 298 to 317 5658 6017 235650 235947 456744 457063 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of April 30, 1988 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE Can. Imp. Bandk of Comm. 5,000,000 8.75 34D May 9th CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF APRIL 1988 NAME ADDRESS AMOUNT DESCRIPTION Ridge Pine BF Conc, various lots 6,765.00 Lot Levies Clarke & Darlington G. Brewer Pt.Lt. 9, Conc. 6 4,425.00 Lot Levies Clarke LD 368/369/370/87 K. Lycett Pt.Lt. 25, Conc. 7 7,375.00 Lot Levies Clarke LD 676/680/87 McIntyre Pt.Lt. 30, Conc. 2 2,200.00 Lot Levies Darlington LD 340/87 Huxter Pt.Lt. 12, Conc. 2 2,200.00 Lot Levies Bowmanville LD 603/87 Kingsberry Prop. Pt.Lt. 35, Conc. 2 2,200.00 Lot Levies Darlington LD 131/88 Schickendanz Pt.Lt. 10, Conc. 1 64,900.00 Plan 1OM800 Darlington Joll Pt.Lt. 29, Conc. 2 2,200.00 Lot Levies Clarke LD 222/87 M. Pike Lot 18, Conc. 1 & 2 1,545.00 Lot Levies Darlington LD 155/87 Wilmot Creek Pt.Lt. 22, BF Conc. 1,230.00 Lot Levies Clarke Lots 811 & 449 $95,040.00