HomeMy WebLinkAboutTR-44-89 TOWN OF NEWCASTLE
`s t� REPORT File # /,0
Res. #
By-Law #
hEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: June 19, 1989
REPORT #: TR-44-89 FILE #:
SUBJECT:
CASH ACTIVITY REPORT - APRIL, 1989
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-44-89 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 April 30,
1989 is as shown on the attached schedule; and
3. That Part A of the expenditures for the month of
April, 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 April 30, 1989 and the comparative information for the
month ended April 30, 1988.
Respectfully submitted, Recommended for presentation
to the Committee
rie Marano, Lawrence E. Kotseff,
Treasurer. ��Chief Administrative Officer.
MAM/JJ/ges
X01
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of April 1989
PART A
1989 1988
CASH ON HAND AT March 31, 1989 $ 11,253,256 $ 7,917,174
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes.. . . . . . . . . . . .. . . . . . . . . . .. . . . . 4,619,811 4,156,238
Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 626,145 158,104
Interest - Reserve Funds.. . . . . . . . . 49,313 40,140
- General Funds.. . . . .. . . . 26,972 30,673
Other. . . . . . . . . . . . ... . . . . . . . . . . . . . . 1,158,348 438,757
Total Cash Available.. . .. .. . . . . . . .. . $17,733,845 $12,741,086
USE of funds
Expenditures
Debenture Charges.. . . . . . . . . . . . . . . . - -
Payroll. . . . . . . . .. .. . . . . . . . . . . . . . . . 298,728 244,906
General. . . . . . . . . . . . . . . . . .. . . . .. . . . 1,695,057 1,046,336
Interest. . . . . . . . . ... . . . .. . . . . .. . . . - -
Levies - Region.. . .. . . . . . . . . . . . . . . 1,168,620 1,050,128
- Schools. . . . . . . . . . . . . . . .. . - -
TOTAL EXPENSES 3,162,405 2,341,370
CASH on Hand as At Apr. 30, 1989 $14,571,440 $10,399,716
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . .. . . . .. . . . $ 3,004,758 $ 5,399,716
Investments. . . . .. . . . . . . . . . . . . . . . . . 11,566,682 5,000,000
$14,571,440 $10,399,716
702
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of April, 1989
1989 1988
Balance Receivable - Mar. 31, 1989 $ 768,726 833,507
Additions: Penalties & Interest. . . . . . . 24,481 24,386
Taxes Billed.. . . . . . . . . . . . .. 6,806,006 6,181,308
7,599,213 7,039,201
Reductions: Payments and Adjustments.. 4,619,811 4,156,238
Balance Receivable - April 30, 1989 $2,979,402 $2,882,963
STATISTICAL INFORMATION
for the month of April, 1989
Payment Received - Taxes 9,227
- Other 1,206
Tax Certificates Issued 520
Dog Licenses Issued 47
Burial Permit Issued 20
Accounts Payable Cheques Issued 1,095
Cheque # 3384 to 3809
4605 4621
1444012 1444350
1453976 1454309
703
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of April 30, 1989
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) LLoyds Bank 2,500,000 12.4 61D June 30/89
b) Toronto Dominion 689,437 11.75 48D May 15/89
c) Toronto Dominion 1,177,884 12.24 56D May 31/89
d) CIBC 491,755 12.24 50D May 25/89
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
h) CIBC 1,569,472 12.24 58D June 2/89
i) Bank of Montreal 1,177,992 12.4 55D June 15/89
$11�566s682
04
CORPORATION OF THE TOWN OF NEWCASTLE
LOT LEVIES
FOR MONTH OF APRIL 1989
NAME ADDRESS AMOUNT DESCRIPTION
H.B. Evans Pt. Lot 23, Conc. 3 2,743.00 LD 276/88
Darlington
Foster Creek Dev. Pt. Lot 29 & 30, 93,027.00 18T-85030 &
Conc. 1, Clarke 18T-86053
Schwarz Bros. Lot 22, Conc. 2 9,601.00 18T-86009
Livestock Ltd. Darlington
Pasquale Gelsomino Pt. Lot 31 & 32 2,819.00 LD 647/87
Conc. 2, Darlington
Ridge Pine Park BF Conc. 1,845.00 LT 785/728/698
Darlington - Clarke
Jack Breen Pt. Lot 31, Conc. 2 2,819.00 LD 039/89
Darlington
Annie Fowler Pt. Lot 33, Conc. 2 5,638.00 LD 588-589/88
Darlington
Clarence, John, Pt. Lot 18, Conc. 9 2,743.00 LD 651/87
Merle Avery Darlington
H. Kassinger Const. Lot 32, Conc. 3 153,635.50 Plan 1OM809
Darlington
W. Kay Lycett Pt. Lot 22, Conc. 6 2,743.00 LD 6/88
Clarke
Kingsberry Prop. Pt. Lot 35, Conc. 2 14,095.00 LD 007 & 008/89
Darlington
Kiddicorp Inv. Pt. Lot 34 & 35, 139,542.00 Plan 1OM823
Conc. 2, Darlington
$4311250_50
705