HomeMy WebLinkAboutTR-39-89 TOWN OF NEWCASTLE
REPORT
File # . J •
Res. #
By-Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: May 1, 1989
REPORT #: TR-39-89 FILE #:
SU&JECT:
CASH ACTIVITY REPORT - MARCH, 1989
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-39-89 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 March 31,
1989 is as shown on the attached schedule; and
3. That Part A of the expenditures for the month of
March, 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 March 31, 1989 and the comparative information for the
month ended March 31, 1988.
Respectfully submitted, Recommended for presentation
to the Committee
ie Marano, rence E Kotseff,
Treasurer. Chief A m' istrative Officer.
i
MAM/JJ/ges
706
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of March 1989
PART A
1989 1988
CASH ON HAND AT Feb. 28, 1989 $ 15,996,057 $11,260,942
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 720,938 1,934,609
Grants.. . . . . . . . . . . . . . . . . . . . . . . . . . . - -
Interest - Reserve Funds. . . . . . . . . . 76,459 23,895
- General Funds.. . . . . . . . . 49,631 13,847
Other. . . . . . .. . . . . . . . . . . . .. . . . . . . . . - 748,421
Total Cash Available. . . .. . . . . . . . . . . . $16,843,085 $13,981,714
USE of funds
Expenditures
Debenture Charges. . . . . . .. . . . . . . . . . 3,321 4,054
Payroll, . . . o . . . . — o . . . . . . . . . . . . . . 462,553 369,184
General. . . . . . . . . o . . . . . . . . 1,110,756 1,263,037
Interest.. . .. . . . . . . . . .. . . . . . . . . . . . - -
Levies - Region. . . . . . . . . . . . . . . . . . . 1,168,620 1,050,128
- Schools. . . . . .. . . . .. . . . . . . 3,817,822 3,378,137
TOTAL EXPENSES 6,563,072 6,064,540
CASH on Hand as At Mar. 31, 1989 $10,280,013 $ 7,917,174
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . . $ 1,433,012 $ 7,917,174
Investments. . . . . . . . . . . . . . . . . . . . . . . 8,847,001 -
$10,280,013 $ 7,917,174
7 0,7
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of March, 1989
1989 1988
Balance Receivable - Feb. 28, 1989 $1,459,491 2,738,943
Additions: Penalties & Interest.. . . . . . 30,173 29,173
Taxes Billed. . . . . . . . . . . . . . . - -
1,489,664 2,768,116
Reductions: Payments and Adjustments.. 720,938 1,934,609
Balance Receivable - March 31, 1989 $ 768,726 $ 833,507
STATISTICAL INFORMATION
for the month of March, 1989
Payment Received - Taxes 1,438
- Other 1,117
Tax Certificates Issued 565
Dog Licenses Issued 55
Burial Permit Issued 17
Accounts Payable Cheques Issued 1,455
Cheque # 2949 to 3383
4567 4604
1414773 1415094
1424744 1425077
1435743 1436073
7 P R
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of March 31, 1989
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) Bank of Montreal 1,289,431 11.5 26D Apr. 3/89
b) Toronto Dominion 689,437 11.75 48D May 15/89
c) LLoydS Bank 1,720,363 11.65 47D Apr. 17/89
d) Toronto Dominion 1,187,628 11.52 33D Apr. 3/89
e) Scotia Bank 982,910 11.75 54D May 1/89
f) Scotia Bank 1,977,620 11.8 35D May 2/89
g) CIBC 999,612 11.97 50D May 17/89
$_818474001
709
CORPORATION OF THE TOWN OF NEWCASTLE
LOT LEVIES
FOR MONTH OF MARCH 1989
NAME ADDRESS AMOUNT DESCRIPTION
Ray Abbott Pt. Lot 32, Conc. 2 2,819.00 LD 430/88
Darlington
J. Hawryszko Pt. Lot 33, Conc. 2 5,638.00 LD 321-322/88
Darlington
Ridge Pine Park BF Conc. 6,765.00 Lot 228A/223/224
Darlington & Clarke /225/226/228/229
/230/231/286/287
Taylor Lot 35, Conc. 8 2,118.00 LD 227/88
Darlington
I. Novak Pt. Lot 30 & 35, Conc.2 8,457.00 LD 61-64/89
Darlington
Ralph Bamsey Pt. Lot 4 Conc. 5 2,743.00 LD 733/88
Clarke
Redesco Inc. Pt. Lot 35, Conc. 2 42,285.00 18T-87019
Darlington 1OM822
A. Fowler Pt. Lot 33, Conc. 2 2,819.00 LD 587/88
Darlington
Sonbon Homes Ltd. Pt. Lot 27, Conc. 3 2,819.00 LD 281/88
Clarke
H. Grela Pt. Lot 3, Conc. 7 2,743.00 LD 809/88
Clarke
Pegasus Motors Lot 35, Conc. 2 2,819.00 LD 760/88
Darlington
B. & B. Crozier Pt. Lot 25 & 26, Conc.5 2,743.00 LD 020/89
Clarke
$84,768.00
710
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