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HomeMy WebLinkAboutTR-89-88 v� TOWN OF NEWCASTLE REPORT File # Res. # `l By-Law # MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: December 12, 1988 REPORT #: TR-89-88 FILE #: SUD,.ECT: CASH ACTIVITY REPORT - OCTOBER, 1988 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-89-88 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 October 31, 1988 is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of Oct. 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 Oct. 31, 1988 and the comparative information for the month ended Oct. 31, 1987. Respectfully submitted, Recommended for presentation to the Commi- j�."R._ Blanchard, ta<qrence It Kotseff Treasurer. Chief Admi istrative Officer JRB/JJ/pp CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of October 1988 PART A 1988 1987 CASH ON HAND AT Sept. 30, 1988 $14,615,697 $12,389,365 Total Cash for General Operating and Reserve Fund Purposes: Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,075,824 1,245,041 Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . - 24,134 Interest - Reserve Funds. . . . . . . . . . 112,994 37,173 - General Funds. . . . . . . . . . 28,174 66,231 Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 715,494 510,458 Total Cash Available. . . . . . . . . . . . . . . . $16,548,183 $14,272,402 USE of funds Expenditures Debenture Charges.. . . . . . . . . . . . . . . . 2,631 - Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 275,354 365,902 General. . . . . . . . . . . . . . . . . . . . . . . . . . . 2,362,960 1,221,703 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region. . . . . . . . . . . . . . . . . . . 1,287,113 1,183,855 - Schools. . . . . . . . . . . . . . . . . . - - TOTAL EXPENSES 3,928,058 2,771,460 CASH on Hand as At Oct. 31, 1988 $12,620,125 $11,500,942 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 972,973 $ 3,369,394 Investments. . . . . . . . . . . . . . . . . . . . . . . 11,647,152 8,131,548 $12,620,125 $11,500,942 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of October, 1988 1988 1987 Balance Receivable - Sept. 30, 1988 $3,564,460 3,638,816 Additions: Penalties & Interest. . . . . . . 37,247 29,078 Taxes Billed. . . . . . . . . . . . . . . 324,248 425,594 3,925,955 4,093,488 Reductions: Payments and Adjustments. . 1,075,824 1,245,041 Balance Receivable - October 31, 1988 $2,850,131 $2,848,447 STATISTICAL INFORMATION for the month of October, 1988 Payment Received - Taxes 2,068 - Other 1,136 Tax Certificates Issued 523 Dog Licenses Issued 42 Burial Permit Issued 17 Accounts Payable Cheques Issued 1,020 Cheque # 787 to 1181 4445 4476 1315866 1316180 1324183 1324483 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of Oct 31, 1988 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE a) Bank of Montreal 1,470,540 10.3 71D Dec. 15th b) Toronto Dominion 792,712 10.17 33D Nov. 16th c) Lloyds Bank 3,000,000 9.9 90D Nov. 14th d) Bank of Montreal 490,180 10.3 63D Dec. 15th e) Scotia Bank 1,473,780 10.31 62D Dec. 7th f) Royal Bank 2,437,100 10.35 91D Jan. 5th g) Toronto-Dominion 982,840 10.28 62D Dec. 15th h) Lloyds Bank 1,000,000 10.65 83D Jan. 30th $11,1647,152 CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF OCTOBER 1988 NAME ADDRESS AMOUNT DESCRIPTION Alan Mailey Lot 7, Conc. 8 1,860.00 LD 569/87 Darlington R. Craig Lot 20, Conc. 8 8,229.00 LD 489-491/88 Darlington G. Vanschyndel Lot 25, Conc. 6 2,743.00 Plan 1OM746 Darlington Devon Downs Lot 18, Conc. 5 8,229.00 LD 60/61/88 Darlington R. & B. Kilmer Lot 10, Conc. 1 2,819.00 LD 688/87 Bowmanville Absec. Property Lot 27, Conc. 2 63,312.50 Plan 1OM814 Clarke 591415 Ontario Pt. Lot 31 & 32, 23,715.00 Plan 1OM808 Conc. 4, Darlington Simkins Homes Lot 33, Conc. 2 5,450.00 LD 412/288/88 Darlington Ridge Pine Park BF Conc. , 1,845.00 Various lots Clarke & Darlington Kingsberry Prop. Pt. Lot 35, Conc. 2 14,095.00 LD 549-553/88 Darlington Wilmot Creek Pt. Lot 22, BF Conc. 1,845.00 Lot 709/803/786 Clarke $134,142.50