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HomeMy WebLinkAboutTR-64-88 _U/ TOWN OF NEWCASTLE REPORT File Res. # �!€ By-Law # MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: Sept. 6, 1988 REPORT #: TR-64-88 FILE #: SUBJECT: CASH ACTIVITY REPORT - JUNE, 1988 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-64-88 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 June 30, 1988 is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of June 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 June 30, 1988 and the comparative information for the month ended June 30, 1987. Respectfully submitted, Recommended for presentation to the Committee _/Z 1XI .R. Blanchard, wrence E�. Kotseff Treasurer. Chief Adtiiistrative Officer V JRB/JJ/pp CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of June, 1988 PART A 1988 1987 CASH ON HAND AT May 31, 1988 $14,260,984 $ 9,567,984 Total Cash for General Operating and Reserve Fund Purposes: Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,669,194 4,551,411 Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Interest - Reserve Funds. . . . . . . . . . 19,342 7,806 - General Funds. . . . . . . . . . 44,430 23,472 Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 521,897 983,681 Total Cash Available. . . . . . . . . . . . . . . . $22,515,847 $15,134,354 USE of funds Expenditures Debenture Charges. . . . . . . . . . . . . . . . . - - Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 255,164 240,853 General. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,394,268 794,721 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region. . . . . . . . . . . . . . . . . . . - - - Schools. . . . . . . . . . . . . . . . . . 4,257,507 3,502,496 TOTAL EXPENSES 5,906,939 4,538,070 CASH on Hand as At June 31, 1988 $16,608,908 $10,596,284 ANALYSIS as follows i Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,729,463 $ 5,131,344 Investments. . . . . . . . . . . . . . . . . . . . . . . 8,879,445 5,464,940 $16,608,908 $10,596,284 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of June, 1988 1988 1987 Balance Receivable - May 31, 1988 $2,453,525 2,168,222 Additions: Penalties & Interest. . . . . . . 29,240 23,500 Taxes Billed. . . . . . . . . . . . . . . 7,290,113 6,400,734 9,772,878 8,592,456 Reductions: Payments Received. . . . . . . . . 7,669,194 4,551,411 Balance Receivable - June 30, 1988 $2,103,684 $4,041,045 STATISTICAL INFORMATION for the month of June, 1988 Payment Received - Taxes 13,182 - Other 1,125 Tax Certificates Issued 280 Dog Licenses Issued 86 Burial Permit Issued 17 Accounts Payable Cheques Issued 983 Cheque # 333 to 351 6376 6754 1057704 1057996 1272109 1272423 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of June 30, 1988 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE a) Toronto-Dominion 1,453,140 8.85 133D Sept. 15th b) Nova Scotia 2,959,290 8.81 57D July 5th c) National Trust 3,000,000 9.00 81D Aug. 16th d) Toronto-Dominion 1,467,015 9.02 91D Aug. 26th $ 8,879,445 CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF JUNE 1988 NAME ADDRESS AMOUNT DESCRIPTION Ridge Pine BF Conc , various lots 3,690.00 Lot Levies Clarke & Darlington H. & S. Kobes Pt.Lt. 16, Conc. 4 1,860.00 Lot Levies Darlington LD 057/88 S. Staby BF Conc. , Lot 27 1,860.00 Lot Levies Newcastle Village LD 746/87 I. Novak Lot 34, Conc. 2 10,900.00 Lot Levies Darlington LD 363-366/87 Schickendanz Pt. Lot 10, Conc. 1 64,900.00 Plan 1OM800 Darlington Devon Downs Lot 18, Conc. 5 11,160.00 Lot Levies Darlington LD 754/755/756/87 62/319/318/88 591415 Ontario Pt. Lot 31 & 32, 23,715.00 Plan 1OM808 Conc. 4, Darlington Waverly Heights Pt. Lot 13, Conc. 1 50,412.50 Plan 18T85035 Darlington $168,497.50