HomeMy WebLinkAboutTR-1-89 7(a)
TOWN OF NEWCASTLE
,
REPORT
Res.
By-Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: January 9, 1989
REPORT #: TR-1-89 FILE #:
SUBJECT:
CASH ACTIVITY REPORT - NOVEMBER, 1988
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-1-89 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 November 30,
1988 is as shown on the attached schedule; and
3. That Part A of the expenditures for the month of
November, 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 November 1988 and the comparative information for the
month ended November 1987.
Respectfully submitted, Recommended for presentation
to the Committee
Marie Marano, wrence otseff
Deputy Treasurer Chief Ad i f.,
trative Officer
i
MAM/JJ/ges
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7(a )
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of November 1988
PART A
1988 1987
CASH ON HAND AT Oct. 31, 1988 $12,620,125 $11,500,942
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 445,223 414,852
Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,309 28,371
Interest - Reserve Funds. . . . . . . . . . 85,017 37,424
- General Funds. . . . . . . . . . 19,353 20,513
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 680,110 259,198
Total Cash Available. . . . . . . . . . . . . . . . $13,859,137 $12,261,300
USE of funds
Expenditures
Debenture Charges. . . . . . . . . . . . . . . . . - -
Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 289,976 231,373
General. . . . . . . . . . . . . . . . . . . . . . . . . . . 987,047 1,466,110
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - -
Levies - Region. . . . . . . . . . . . . . . . . . . - -
- Schools. . . . . . . . . . . . . . . . . . - -
TOTAL EXPENSES 1,277,023 1,697,483
CASH on Hand as At Nov. 30, 1988 $12,582,114 $10,563,817
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,244,711 $ 3,182,269
Investments. . . . . . . . . . . . . . . . . . . . . . . 10,337,403 7,381,548
$12,582,114 $10,563,817
`1(�l
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of November, 1988
1988 1987
Balance Receivable - Oct. 31, 1988 $2,850,131 2,848,447
Additions: Penalties & Interest. . . . . . . 30,943 26,419
Taxes Billed. . . . . . . . . . . . . . . 345,874 -
3,226,948 2,874,866
Reductions: Payments and Adjustments. . 445,223 414,852
Balance Receivable - November 30, 1988 $2,781,725 $2,460,014
STATISTICAL INFORMATION
for the month of November, 1988
Payment Received - Taxes 843
- Other 1,282
Tax Certificates Issued 315
Dog Licenses Issued 30
Burial Permit Issued 15
Accounts Payable Cheques Issued 975
Cheque # 1182 to 1478
4477 4498
1333880 1334206
1343284 1343612
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of Nov 30, 1988
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) Nova Scotia Bank 1,983,680 10.35 30D Dec. 15th
b) Bank of Montreal 1,470,540 10.3 71D Dec. 15th
c) Bank of Montreal 490,180 10.3 63D Dec. 15th
d) Nova Scotia Bank 1,473,780 10.31 62D Dec. 7th
e) Royal Bank 2,437,100 10.35 91D Jan. 5th
f) Toronto Dominion 982,840 10.28 62D Dec. 15th
g) Lloyds Bank 1,000,000 10.65 83D Jan. 30th
h) CIBC 499,283 10.45 61D Jan. 16th
$10,337,403
7C�)
CORPORATION OF THE TOWN OF NEWCASTLE
LOT LEVIES
FOR MONTH OF NOVEMBER 1988
NAME ADDRESS AMOUNT DESCRIPTION
Ridge Pine Park BF Conc. 3,075.00 Lot 2A/3A/1A/629/
Darlington & Clarke 220
John Cummins Lot 30, Conc. 8 5,486.00 LD 415/414/88
Darlington
Ashley 333 Lot 25, Conc. 1 2,743.00 LD 37/88
Darlington
L & M Allin Lot 19, Conc. 2 2,743.00 LD 18/88
Clarke
Wilmot Creek Pt. Lot 22, BF Conc. 1,845.00 Lot 285/600/598
Clarke
Holland & Schleiss Pt.Lot 34, Conc. 3 8,856.25 Plan 1OM817
Darlington
Devon Downs Lot 18, Conc. 5, 5,486.00 LD 58/59/88
Darlington
Absec Property Lot 27, Conc. 2 63,312.50 Plan 1OM814
Clarke
93,546.75
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