HomeMy WebLinkAboutTR-66-88 TOWN OF NEWCASTLE
REPORT File # A) r_5
Res.
By-Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: Sept. 6, 1988
REPORT #: TR-66-88 FILE #:
SUBJECT:
CASH ACTIVITY REPORT - JULY, 1988
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-66-88 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 July 31, 1988
is as shown on the attached schedule; and
3. That Part A of the expenditures for the month of July
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 July 31, 1988 and the comparative information for the
month ended July 31, 1987.
Respectfully submitted, Recommended for presentation
to the Committee
4f/ 4' otseff
R. Blanchard, jr1ence'E.
Treasurer. Chief Ad4 trative Officer
JRB/JJ/pp
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of July, 1988
PART A
1988 1987
CASH ON HAND AT June 30, 1988 $16,608,908 $10,596,284
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 740,284 2,757,888
Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 166,923 563,100
Interest - Reserve Funds. . . . . . . . . . 52,532 29,710
- General Funds. . . . . . . . . . 7,425 20,674
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 757,437 832,028
Total Cash Available. . . . . . . . . . . . . . . . $18,333,508 $14,799,684
USE of funds
Expenditures
Debenture Charges. . . . . . . . . . . . . . . . . 9,940 17,129
Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 294,176 259,720
General. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,337,808 696,752
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - -
Levies - Region. . . . . . . . . . . . . . . . . . . - -
- Schools. . . . . . . . . . . . . . . . . . - -
TOTAL EXPENSES 1,641,924 973,601
CASH on Hand as At July 31, 1988 $16,691,584 $13,826,083
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,340,967 $ 4,379,260
Investments. . . . . . . . . . . . . . . . . . . . . . . 14,350,617 9,446,823
$16,691,584 $13,826,083
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of July, 1988
1988 1987
Balance Receivable - June 30, 1988 $2,103,684 4,041,045
Additions: Penalties & Interest.. . . . . . 40,213 34,663
Taxes Billed. . . . . . . . . . . . . . . - -
2,143,897 4,075,708
Reductions: Payments Received. . . . . . . . . 740,284 2,757,888
Balance Receivable - July 31, 1988 $1,403,613 $1,317,820
STATISTICAL INFORMATION
for the month of July, 1988
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Payment Received - Taxes 1,086
- Other 1,121
Tax Certificates Issued 240
Dog Licenses Issued 292
Burial Permit Issued 18
Accounts Payable Cheques Issued 1,031
Cheque # 352 to 379
6755 7098
1491951 1492296
1685687 1686020
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of July 31, 1988
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) Lloyds Bank 3,000,000 9.15 58D Aug. 31st
b) CIBC 2,449,312 9.3 78D Sept. 30th
c) Toronto-Dominion 1,453,140 8.85 133D Sept. 15th
d) National Trust 3,000,000 9.0 81D Aug. 16th
e) Toronto-Dominion 1,467,015 9.02 91D Aug. 26th
f) Royal Bank 2,931,150 9.22 92D Oct. 6th
$14,350,617
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CORPORATION OF THE TOWN OF NEWCASTLE
LOT LEVIES
FOR MONTH OF JULY 1988
NAME ADDRESS AMOUNT DESCRIPTION
Ridge Pine BF Conc, various lots 1,845.00 Lot Levies
Clarke & Darlington
Newcastle Co. Pt. Lot 31 & 32 58,659.78 Plan 1OM807
Tenancy Conc. 2, Darlington
Kassinger Lot 32, Conc. 3 80,387.50 Plan 1OM809
Darlington
H. White Lot 11, Conc. 2 2,725.00 Lot Levies
Bowmanville LD 81/88
Parkhill & Yanch Lot 35, Conc. 3 1,860.00 Lot Levies
Clarke LD 108/88
Boekee Lot 25, 26 Conc. 4 1,860.00 Lot Levies
Clarke LD 167/88
Souch Lot 4, Conc. 5 1,860.00 Lot Levies
Clarke LD 259/88
Parker Lot 23, Conc. 2 1,860.00 Lot Levies
Darlington LD 226/88
Bessinger Pt. Lot 31, Conc. 3 1,860.00 Lot Levies
Darlington LD 594/87
Laskowsky Pt. Lot 33, Conc. 3 2,725.00 Lot Levies
Darlington LD 320/88
Wilmot Creek Pt. Lot 22, BF Conc. 615.00 Lot Levies
Clarke Lot 713
$156,257.28
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