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HomeMy WebLinkAboutTR-56-89 TOWN OF NEWCASTLE 1 File # REPORT � � Res. # 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 1 i 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 70