HomeMy WebLinkAboutTR-71-89 TOWN OF NEWCASTLE
PORT File # / 0,5-7
. � RE
Res. #
By-Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: September 5, 1989
REFWT #: TR-71-89 FILE #:
SMUT:
CASH ACTIVITY REPORT - JUNE, 1989
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-71-89 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 June 30,
1989 is as shown on the attached schedule; and
3. That Part A of the expenditures for the month of
June, 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 June 30, 1989 and the comparative information for the
month ended June 30, 1988.
Respectfully submitted, Recommended for presentation
to the Committee
M r Marao, La ence Kotseff,
Treasurer. Chief Ad i i trative Officer.
MAM/JJ/lb
701
i
CORPORATION OF THE TOWN OF NEWCASTLE
I
Analysis of Revenue & Expenditures
for the Month of June, 1989
PART A
1989 1988
CASH ON HAND AT May 31, 1989
$ 14,797,848 $14,260,984
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,952,858 7,669,194
Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . -
98,586 19,342
Interest - Reserve Funds. . . . . . . . . .
70,223 44,430
- General Funds. . . . . . . . . .
741,286 _ 52.1,897
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . _-_-
Total Cash Available. . . . . . . . . . . . . . . . $26,660,801 $22,515,847
USE of funds
Expenditures
Debenture Charges. . . . . . . . . . . . . . . . . -
344,684 255,164
Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . .
1,533,050 1,394,268
General. . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . -
Levies - Region. . . . . . . . . . . . . . . . . . . -
- Schools. . . . . . . . . . . . . . . . . . 5,805,363 4,257,507
TOTAL EXPENSES 7,683,097 5,906,939
$18,977,704 $16,608,908
CASH on Hand as At June 30, 1989
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 3,162,560 $ 7,729,463
Investments. . . . . . . . . . . . . . . . . . . . . . .
15,815,144 8,879,445
$18,977,704 $16,608,908
702
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of June, 1989
1989 1988
Balance Receivable - May 31, 1989 $2,516,903 2,453,525
Additions: Penalties & Interest. . . . . . . 30,166 29,240
Taxes Billed. . . . . . . . . . . . . . . 10,083,479 7,290,113
12,630,548 9,772,878
Reductions: Payments and Adjustments. . 10,952,858 7,669,194
Balance Receivable - June 30, 1989 $1,677,690 $2,103,684
STATISTICAL INFORMATION
for the month of June, 1989
Payment Received - Taxes 14,973
- Other 1,049
Tax Certificates Issued 355
Dog Licenses Issued 45
Burial Permit Issued 14
Accounts Payable Cheques Issued 1,201
Cheque # 4119 to 4400
4655 4667
5501 5687
1484223 1484578
1494385 703 1494750
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of June, 1989
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) Scotia 980,060 12.38 60D July 10/89
b) T. D. 1,273,389 12.30 62D July 17/89
c) Scotia 590,610 12.35 47D July 17/89
d) Lloyds 1,800,000 8.00 34D July 27/89
e) C.I.B.C. 999,353 12.15 35D Aug. 3/89
f) T. D. 1,969,840 12.15 46D Aug. 21/89
g) Scotia 1,174,284 12.49 64D July 5/89
h) Scotia 589,014 12.38 55D July 5/89
i) Scotia 978,960 12.26 64D July 20/89
j) Bk. Mtl. 1,480,320 12.44 39D July 21/89
k) Royal 1,999,274 12.40 33D July 5/89
1) Royal 1,980,040 12.27 30D July 27/89
$151815L144
704
CORPORATION OF THE TOWN OF NEWCASTLE
LOT LEVIES
FOR MONTH OF JUNE 1989
NAME ADDRESS AMOUNT DESCRIPTION
Newcastle Co. Tenancy Pt. Lot 31 & 32, C.2 114,806.43 1OM821
Darlington
Mr. Clarke Pt. Lot 8, C.3 2,743.00 LD 264/89
Clarke
D. & J. Gray Pt. Lot 34, C.2 2,819.00 LD 220/89
Darlington
A. Sant Pt. Lot 29, C.6 2,743.00 LD 049/89
Clarke
Jean Payne Pt. Lot 6, C.2 2,743.00 LD 176/88
Clarke
Kiddicorp Invest. Pt.Lot 31, C.3 16,914.00 LD 109-117/89
Darlington
Stephen Selby Pt. Lot 33, C.3 2,743.00 LD 312/89
Clarke
Kiddicorp Invest. Pt. Lot 33 & 34, C.2 243,138.75 1OM824
388,650.18
705
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