HomeMy WebLinkAboutTR-26-89 TOWN OF NEWCASTLE
REPORT File #,j . �
Res. '•� 1!
-- �: �. By-Law #
I"ETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: March 20, 1989
REPORT #: TR-26-89 FILE #:
SUBJECT:
CASH ACTIVITY REPORT - FEBRUARY, 1989
PART A
r
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-26-89 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 February 28,
1989 is as shown on the attached schedule; and
3. That Part A of the expenditures for the month of
February, 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 February 28, 1989 and the comparative information for the
month ended February 28, 1988.
Respectfully submitted, Recommended for presentation
to the Committee
i
1
�jarieMarano, ta4rence otseff,
Treasurer. Chief Ad n strative Officer.
MAM/JJ/ges
701
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of February 1989
PART A
1989 1988
CASH ON HAND AT Jan. 31, 1989 $ 9,504,063 $ 7,496,724
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,310,901 4,769,106
Grants. . . . . . . . . . . . . . . . . .. . . . . . . . . . - -
Interest - Reserve Funds. . . . . . . . . . 56,822 32,052
- General Funds. . . . . . . . . . 6,919 6,723
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 725,398 334,035
Total Cash Available.. . . . . . . . . . . . . . . $17,604,103 $12,638,640
USE of funds
Expenditures
Debenture Charges. .. . . . . . . . . . . . . . . - -
Payroll. . . . . . . . . . . .. . . . . . . .. . . . . . . 311,075 251,195
General. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,296,971 1,110,721
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - 15,782
Levies - Region. . . . . . . . .. . . . . . . . . . - -
- Schools. . . . . . . . . . . . . . . . . . - -
TOTAL EXPENSES 1,608,046 1,377,698
CASH on Hand as At Feb. 28, 1989 $15,996,057 $11,260,942
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,690,315 $11,260,942
Investments.. . . . . . . . . . . . . . . . . . . . . . 13,305,742 -
$15,996,057 $11,260,942
702
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of February, 1989
1989 1988
Balance Receivable - Jan. 31, 1989 $1,676,412 1,484,295
Additions: Penalties & Interest. . . . . . . 20,931 19,274
Taxes Billed. . . . . . . . . . . . . . . 7,073,049 6,004,480
8,770,392 7,508,049
Reductions: Payments and Adjustments.. 7,310,901 4,769,106
Balance Receivable - February 28, 1989 $1,459,491 $2,738,943
STATISTICAL INFORMATION
for the month of February, 1989
Payment Received - Taxes 14,469
- Other 929
Tax Certificates Issued 303
Dog Licenses Issued 135
Burial Permit Issued 16
Accounts Payable Cheques Issued 1,079
Cheque # 2558 to 2948
4547 4566
1394323 1394659
1404948 1405280
7-03
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of February 28, 1989
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) LLoyds Bank 1,500,000 11.2 36D Mar. 31/89
b) Bank of Montreal 791,496 11.2 35D Mar. 31/89
C) Toronto Dominion 1,386,854 11.53 31D Mar. 31/89
d) Bank of Montreal 1,289,431 11.5 26D Apr. 3/89
e) Royal Bank 1,974,520 10.95 43D Mar. 1/89
f) Scotia Bank 982,930 11.12 57D Mar. 28/89
g) Scotia Bank 493,780 10.95 43D Mar. 15/89
h) Scotia Bank 1,978,740 11.2 35D Mar. 28/89
i) LLoyds Bank 1,720,363 11.65 47D Apr. 17/89
j) Toronto Dominion 1,187,628 11.52 33D Apr. 3/89
$13�305�742
7 0-4
CORPORATION OF THE TOWN OF NEWCASTLE
LOT LEVIES
FOR MONTH OF FEBRUARY 1989
NAME ADDRESS AMOUNT DESCRIPTION
Fred Eyman PT. Lot 26, Conc. 3 2,743.00 LD 498/88
Darlington
Kiddicorp Inv. Pt. Lot 34 & 35, 243,138.75 18T-87034 &
Conc. 2, Clarke 18T-87040
Steve Divecseri Lot 32, Conc. 2 2,819.00 Part 5-10R2666
Darlington
B. & 0. Hindman Pt. Lot 17 & 18, 2,743.00 LD 465/88
Conc. 4, Darlington
John Catton Lot 30, Conc. 8 5,486.00 LD 510-511/88
Darlington
George Van Dyk Pt. Lot 35, Conc. 2 16,914.00 LD 199-203/87
Real Estate Ltd. Darlington
Elaine Flintoff Lot 31, Conc. 6, 2,743.00 LD 134/88
Clarke
Walter Michalejko Lot 11, Conc. 1 5,638.00 LD 95/88
Bowmanville
R. Bouma Pt. Lot 12, Conc. 2 2,819.00 LD 275/88
Bowmanville
Brian Lee Pt. Lot 35, Conc. 6 2,743.00 LD 421/88
Darlington
K. & M. Knox Pt. Lot 30, Conc. 9 13,715.00 LD 141-143/88
Darlington LD 305-306/88
LD 699-700/88
$ 301x501.75