HomeMy WebLinkAboutTR-22-89 7(a)
TOWN OF NEWCASTLE
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t REPORT File # 6�
Res.
By-Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: March 6, 1989
REPORT #: TR-22-89 FILE #:
SUBJECT:
CASH ACTIVITY REPORT - JANUARY, 1989
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-22-89 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 January 31,
1989 is as shown on the attached schedule; and
3. That Part A of the expenditures for the month of
January, 1989 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 January 31, 1989 and the comparative information for the
month ended January 31, 1988.
Respectfully submitted, Recommended for presentation
to the Committee
4WY 1
�6i&eMarano�,. � La rence otseff,
Acting Treasurer. Chief Ad in trative Officer.
MAM/JJ/ges
7
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of January 1989
PART A
1989 1988
CASH ON HAND AT Dec. 31, 1988 $ 9,193,156 $ 6,992,742
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 290,037 354,834
Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 545,000 910,800
Interest - Reserve Funds. . . . . . . . . . 133,201 45,013
- General Funds. . . . . . . . . . 14,009 5,522
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,417,960 301,629
Total Cash Available.. . . . . . . . . . . . . . . $11,593,363 $ 8,610,540
USE of funds
Expenditures
Debenture Charges. . . . . . . . . . . . . . . . . 61,265 59,129
Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 315,995 238,864
General. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,712,040 815,823
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - -
Levies - Region.. . . . . . . . . . . . . . . . . . - -
- Schools. . . . . . . . . . . . . . . . . . - -
TOTAL EXPENSES 2,089,300 1,113,816
CASH on Hand as At Jan. 31, 1989 $ 9,504,063 $ 7,496,724
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,379,893 $ 5,986,121
Investments. . . . . . . . . . . . . . . . . . . . . . . 7,124,170 1,510,603
$ 9,504,063 $ 7,496,724
702
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of January, 1989
1989 1988
Balance Receivable - Dec. 31, 1988 $1,943,538 1,815,526
Additions: Penalties & Interest.. . . . . . 22,911 23,604
Taxes Billed. . . . . . . . . . . . . . . - -
1,966,449 1,839,130
Reductions: Payments and Adjustments. . 290,037 354,835
Balance Receivable - January 31, 1989 $1,676,412 $1,484,295
STATISTICAL INFORMATION
for the month of January, 1989
Payment Received - Taxes 339
- Other 863
Tax Certificates Issued 182
Dog Licenses Issued 240
Burial Permit Issued 17
Accounts Payable Cheques Issued 1,051
Cheque # 2195 to 2557
4530 4546
1373745 1374079
1382779 1383123
r 1 3 .1
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of January 31, 1989
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) Toronto Dominion 1,972,940 10.65 47D Feb. 21/89
b) Lloyds Bank 1,700,000 10.93 41D Feb. 28/89
c) Royal Bank 1,974,520 10.95 43D Mar. 1/89
d) Scotia Bank 982,930 11.12 57D Mar. 28/89
e) Scotia Bank 493,780 10.95 43D Mar. 15/89
$ 7,124,170
- . 704
CORPORATION OF THE TOWN OF NEWCASTLE
LOT LEVIES
FOR MONTH OF JANUARY 1989
NAME ADDRESS AMOUNT DESCRIPTION
K. & D. Baptie Pt. Lot 3 & 4, Conc.8 2,743.00 LD 1/88
Clarke
G. & B. Power Lot 31, Conc. 4 2,743.00 LD 790/88
Darlington
Redesco Inc. Pt. Lot 35, Conc. 2 14,095.00 18T-87019
Darlington
Ridge Pine Park BF Conc. 1,845.00 Lot 227/281/223A
Darlington & Clarke
L. & J. Bradley Lot 35, Conc. 2 2,819.00 LD 115/88
Darlington
H. Kassinger Lot 32, Conc. 3 241,162.50 Plan 1OM809
Darlington
Wilmot Creek Pt. Lot 22, BF Conc. 615.00 Lot 599
Clarke
K. Lycett Lot 11 & 12, Conc. 5 2,743.00 LD 585/88
Clarke
317980 Ontario Ltd. Pt. Lot 30, Conc. 1 127,559.75 Plan 1OM818 &
Clarke 10M819
$396,325.25
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