HomeMy WebLinkAboutTR-51-88 TOWN OF NEWCASTLE
REPORT File
Res. # i
By-Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: July 41 1988
REPORT #: TR-51-88 FILE #:
SUBJECT:
CASH ACTIVITY REPORT - MAY, 1988
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-51-88 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 May 31, 1988
is as shown on the attached schedule; and
3. That Part A of the expenditures for the month of May
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 May 31, 1988 and the comparative information for the
month ended May 31, 1987.
Respectfully submitted, Recommended for presentation
to t he Committee
.R. Blanchard, i wrence 8,J Kotseff
Treasurer. Chief A mtstrative Officer
JRB/JJ/pp
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of May, 1988
PART A
1988 1987
CASH ON HAND AT Apr. 30, 1988 $10,399,716 $ 7,903,075
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 463,470 1,229,431
Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . - 561,100
Interest - Reserve Funds.. . . . . . . . . 55,709 7,011
- General Funds. . . . . . . . . . 13,568 19,229
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,256,197 904,364
Total Cash Available. . . . . . . . . . . . . . . . $17,188,660 $10,626,210
USE of funds
Expenditures
Debenture Charges. . . . . . . . . . . . . . . . . 26,000 -
Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 250,565 259,645
General.. . . . . . . . . . . . . . . . . . . . . . . . . . 2,651,111 798,581
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - -
Levies - Region. . . . . . . . . . . . . . . . . . . -
- Schools. . . . . . . . . . . . . . . . . . - -
TOTAL EXPENSES 2,927,676 1,058,226
CASH on Hand as At May 31, 1988 $14,260,984 $ 9,567,984
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,404,539 $ 3,605,699
Investments. . . . . . . . . . . . . . . . . . . . . . . 11,856,445 5,962,285
$14,260,984 $ 9,567,984
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of May, 1988
1988 1987
Balance Receivable - Apr. 30, 1988 $2,882,963 3,368,634
Additions: Penalties & Interest. . . . . . . 34,032 29,019
Taxes Billed. . . . . . . . . . . . . . . - -
2,916,995 3,397,653
Reductions: Payments Received. . . . . . . . . 463,470 1,229,431
Balance Receivable - May 31, 1988 $2,453,525 $2,168,222
STATISTICAL INFORMATION
for the month of May, 1988
Payment Received - Taxes 968
- Other 1,501
Tax Certificates Issued 720
Dog Licenses Issued 188
Burial Permit Issued 8
Accounts Payable Cheques Issued 984
Cheque # 318 to 332
6018 6375
647774 648070
888504 888820
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of May 31, 1988
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) Lloyd's Bank 2,500,000 8.8 56D June 30th
b) Lloyd's Bank 500,000 8.8 56D June 30th
c) Toronto Dominion 1,430,140 8.85 133D Sept. 15th
d) Nova Scotia 2,959,290 8.81 57D July 5th
e) National Trust 3,000,000 9.0 81D Aug. 16th
f) Toronto Dominion 1,467,015 9.02 91D Aug. 26th
$11,856,445
CORPORATION OF THE TOWN OF NEWCASTLE
LOT LEVIES
FOR MONTH OF MAY 1988
NAME ADDRESS AMOUNT DESCRIPTION
Ridge Pine BF Conc, various lots 3,075.00 Lot Levies
Clarke & Darlington
P. Gelsomino Pt.Lt. 35, Conc. 4 2,950.00 Lot Levies
Darlington LD 503/504/87
J. Allin Pt.Lt. 5, Conc. 5 1,860.00 Lot Levies
Darlington LD 281/87
R. Tammarino Pt.Lt. 35, Conc. 3 2,725.00 Lot Levies
Darlington LD 101/88
John's Service Lot. 29, Conc. 1 5,450.00 Lot Levies
Centre Clarke LD 171/172/88
Kingsberry Prop. Pt.Lt. 35, Conc. 2 525.00 Lot Levies
Darlington LD 131/88
C & A Farrow Lot 8, Conc. 2 1,860.00 Lot Levies
Clarke LD 594/87
Newcastle Co. Pt. Lot 31 & 32, 169,858.31 Plan 1OM807
Tenancy Conc. 2, Darlington 1OM806
1OM805
Wilmot Creek Pt.Lt. 22, BF Conc. 1,845.00 Lot Levies
Clarke Lots 736/573/574
$190,148.31