HomeMy WebLinkAboutTR-75-88 TOWN OF NEWCASTLE
REPORT File #
Res, #6,,�PA
By-Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: OCTOBER 3 1988
REPORT #: . TR-75-88 FILE #:
SUBJECT:
CASH ACTIVITY REPORT - AUGUST, 1988
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-75-88 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 August, 1988
is as shown on the attached schedule; and
3. That Part A of the expenditures for the month of August
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 August 31, 1988 and the comparative information for the
month ended August 31, 1987.
Respectfully submitted, Recommended for presentation
to the Committee
/J.R. Blanchard, Lawrence 1. otseff
VTreasurer. Chief Adm i trative officer
JRB/JJ/pp
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of August, 1988
PART A
1988 1987
CASH ON HAND AT July 31, 1988 $16,691,584 $13,826,083
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 420,209 366,397
Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 53,005 -
Interest - Reserve Funds. . . . . . . . . . 105,278 55,024
- General Funds. . . . . . . . . . 61,981 38,836
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 347,820 803,823
Total Cash Available. . . . . . . . . . . . . . . . $17,679,877 $15,090,163
USE of funds
Expenditures
Debenture Charges. . . . . . . . . . . . . . . . . 38,835 23,270
Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 431,075 257,000
General. . . . . . . . . . . . . . . . . . . . . . . . . . . 2,080,367 1,420,341
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - -
Levies - Region. . . . . . . . . . . . . . . . . . . 1,287,113 1,183,855
- Schools. . . . . . . . . . . . . . . . . . - -
TOTAL EXPENSES 3,837,390 2,884,466
CASH on Hand as At August 31, 1988 $13,842,487 $12,205,697
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,007,347 $ 3,262,239
Investments 12,835,140 8,943,458
$13,842,487 $12,205,697
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of August, 1988
1988 1987
Balance Receivable - July 31, 1988 $1,403,613 1,317,820
Additions: Penalties & Interest. . . . . . . 32,260 25,338
Taxes Billed. . . . . . . . . . . . . . . - -
1,435,873 1,343,158
Reductions: Payments and Adjustments. . 579,878 366,397
Balance Receivable - August 31, 1988 $ 855,995 $ 976,761
STATISTICAL INFORMATION
for the month of August, 1988
Payment Received - Taxes 701
- Other 1,317
Tax Certificates Issued 541
Dog Licenses Issued 79
Burial Permit Issued 17
Accounts Payable Cheques Issued 1,384
Cheque # 1 to 403
4401 4417
1903214 1903538
2058057 2058371
2247714 2248039
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of August 31, 1988
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) CIBC 2,499,320 9.3 78D Sept. 30th
b) Bank of Montreal 983,890 9.8 61D Oct. 31st
c) Toronto-Dominion 1,453,140 8.85 133D Sept. 15th
d) Royal Bank 2,931,150 9.22 92D Oct. 6th
e) Lloyds Bank 3,000,000 9.9 90D Nov. 14th
f) Scotia 1,967,640 9.84 61D Oct. 26th
$12,835,140
CORPORATION OF THE TOWN OF NEWCASTLE
LOT LEVIES
FOR MONTH OF AUGUST 1988
NAME ADDRESS AMOUNT DESCRIPTION
Ridge Pine BF Conc, various lots 615.00 Lot Levies
Clarke & Darlington
Newcastle Co. Pt. Lot 31 & 32 61,210.20 Plan 1OM807
Tenancy Conc. 2, Darlington
E. Flintoff Pt. Lot 31, Conc. 6 1,860.00 LD 554/87
Clarke
R. Sucee Lot 17, Conc. 6 1,860.00 LD 247/88
Darlington
Simkins Homes Lot 29, Conc. 3 2,725.00 LD 407/88
Darlington
M. Leaver Lot 14, Conc. 3 1,860.00 LD 327/88
Darlington
Cornerstone Homes Lot 10, Conc. 1 2,725.00 LD 419/88
Bowmanville
M. Knox Lot 30, Conc. 9 5,580.00 LD 604-606/87
Darlington
591415 Ontario Pt. Lot 31 & 32, 23,715.00 Plan 1OM808
Conc. 4, Darlington
P. Crago Lot 1, Conc. 2 1,860.00 LD 379/88
Darlington
Marianna Development Lot 9, Conc. 6 11,160.00 LD 238-243/88
Clarke
Schleiss & Holland Pt. Lot 34, Conc. 3 8,856.25 18T-86068
Darlington
Wilmot Creek Pt. Lot 22, BF Conc. 1,845.00 Lot 559/596/758
Clarke
$125,871.45