HomeMy WebLinkAboutTR-56-89 TOWN OF NEWCASTLE
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REPORT �
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Oy,Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: July 17, 1989
REPORT #: TR-56-89 FILE #:
SUBJECT:
CASH ACTIVITY REPORT - MAY, 1989
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-56-89 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 May 31,
1989 is as shown on the attached schedule; and
3. That Part A of the expenditures for the month of
May, 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 May 31, 1989 and the comparative information for the
month ended May 31, 1988.
Respectfully submitted, Recommended for presentation
to the Committee
� P
ie Marano, Vhwrencfe E. Kotseff,
Treasurer. Chief It inistrative Officer.
MAM/JJ/ges
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701
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of May, 1989
PART A
1989 1988
CASH ON HAND AT April 30, 1989 $ 14,571,440 $10,399,716
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes.. . . . . . . . . . . . . . . .. . . . . . . . . . . . 496,536 463,470
Grants. . . . . . . . . . . . . . . .. . . . . . . . . . . . 283,603 -
Interest - Reserve Funds.. . . . . . . . . 66,110 55,709
- General Funds.. . . . . . . . . 61,798 13,568
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 847,335 6,256,197
Total Cash Available. . . . . . . . . . . . . . . . $16,326,822 $17,188,660
USE of funds
Expenditures
Debenture Charges. . . . . . . . . . . . . . . . . - 26,000
Payroll. . . . . . . . . . . . . . . . . . . . . .. . . . . 329,235 250,565
General. . . . . . . . . . . . . . .. . . . . . . . . . . . 1,199,739 2,651,111
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - -
Levies - Region. . . . . . . . . . . . . . . . . . . - -
- Schools. . . . . .. . . . . . . . . . . . - -
TOTAL EXPENSES 1,528,974 2,927,676
CASH on Hand as At May 31, 1989 $14,797,848 $14,260,984
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . .. . . . . . . . . . . . $ 2,002,067 $ 2,404,539
Investments. . . . . . . . . . .. . . . . . . . . . . . 12,795,781 11,856,445
702 $14,797,848 $14,260,984
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of May, 1989
1989 1988
Balance Receivable - April 30, 1989 $2,979,402 2,882,963
Additions: Penalties & Interest. . . . . . . 34,037 34,032
Taxes Billed. . . . . . . . . . . . . . . - -
3,013,439 2,916,995
Reductions: Payments and Adjustments.. 496,536 463,470
Balance Receivable - May 31, 1989 $2,516,903 $2,453,525
STATISTICAL INFORMATION
for the month of May, 1989
Payment Received - Taxes 791
- Other 1,142
Tax Certificates Issued 332
Dog Licenses Issued 50
Burial Permit Issued 23
Accounts Payable Cheques Issued 1,022
Cheque # 3810 to 4118
4622 4654
1463815 1464152
1475098 1475441
703
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of May 1989
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) LLoyds Bank 2,500,000 12.4 61D June 30/89
b) Scotia Bank 980,060 12.38 60D July 10/89
c) Toronto Dominion 1,273,389 12.3 62D July 17/89
d) Scotia Bank 590,610 12.35 47D July 17/89
e) C.I.B.C. 1,569,472 12.24 58D June 2/89
f) Bank of Montreal 1,177,992 12.4 55D June 12/89
g) Toronto Dominion 1,962,000 12.4 57D June 27/89
h) Scotia Bank 1,174,284 12.49 64D July 5/89
i) Scotia Bank 589,014 12.38 55D July 5/89
j) Scotia Bank 978,960 12.26 64D July 20/89
$1217951781
704
CORPORATION OF THE TOWN OF NEWCASTLE
LOT LEVIES
FOR MONTH OF MAY 1989
NAME ADDRESS AMOUNT DESCRIPTION
Norman Hanaka Pt. Lot 33, Conc. 2 2,819.00 LD 817/88
Darlington
E. Haunsberger Pt. Lot 23, Conc. 1 2,743.00 LD 341/88
Darlington
P. & J. Sikma Pt. Lot 25, Conc. 1 2,743.00 LD 730/88
Clarke
G. & B. Power Lot 31, Conc. 4 2,743.00 LD 790/88
Darlington
Keith Allin Pt. Lot 28, Conc. 3 2,743.00 LD 79/89
Clarke
R. & D. Sharp Pt. Lot 20 & 21, C. 8 2,743.00 LD 762/88
Darlington
Paul Riley Pt. Lot 24, BFC 2,743.00 LD 39/86
Clarke
H. Best Pt. Lot 29, Conc. 5 2,743.00 LD 249/88
Clarke
Ridge Pine Park BF Conc. 615.00 DEV 80-3
John Buzas Lot 33, Conc. 3 2,819.00 LD 728/88
Darlington
Kingsberry Properties Lot 35, Conc. 2 11,276.00 LD 007 & 008/89
Darlington
Kiddicorp Investments Pt. Lot 33 & 34, C.2 289,989.00 IOM - 824
Darlington
Sunny Ridge Corp. Pt. Lot 19 & 20, C.7 15,086.50 IOM - 815
Darlington
Julius Keppel Pt. Lot 27, Conc. 2 2,743.00 LD 691/88
Darlington
83531548_50
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