HomeMy WebLinkAboutTR-83-89 y
TOWN OF NEWCASTLE
1
t REPORT File #io, - 1 .
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4- By-Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: September 18, 1989
REPORT #: TR-83-89 FILE #:
SUBJECT:
CASH ACTIVITY REPORT - JULY, 1989
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-83-89 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 July, 1989
is as shown on the attached schedule; and
3. That Part A of the expenditures for the month of
July, 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 July 31, 1989 and the comparative information for the
month ended July 31, 1988.
Respectfully submitted, Recommended for presentation
to the Committee
,a
o n RZ. x , rence 7 Kotseff,
Deputy Treasurer. Chief A m istrative Officer.
JR/JJ/lb
711
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of July, 1989
PART A
1989 1988
CASH ON HAND AT June 30, 1989 $ 18,977,704 $16,608,908
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 634,844 740,284
Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,675 166,923
Interest - Reserve Funds. . . . . . . . . . 125,393 52,532
- General Funds. . . . . . . . . . 66,316 7,425
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1'28L,759 757,437
Total Cash Available. . . . . . . . . . . . . . . . $21,097,691 $18,333,508
USE of funds
Expenditures
Debenture Charges. . . . . . . . . . . . . . . . . 13,229 9,940
Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 448,697 294,176
General. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,302,690 1,337;808
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - -
Levies - Region. . . . . . . . . . . . . . . . . . . - -
- Schools. . . . . . . . . . . . . . . . . . - -
TOTAL EXPENSES 1,764,616 1,641,924
CASH on Hand as At July 31, 1989 $19,333,075 $16,691,584
ANALYSIS as follows
Cash.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,349,835 $ 2,340,967
Investments. . . . . . . . . . . . . . . . . . . . . . . 16,983,240 14,350,617
$19,333,075 $16,691,584
712
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of July, 1989
1989 1988
Balance Receivable - June 30, 1989 $1,677,690 $2,103,684
Additions: Penalties & Interest. . . . . . . 40,931 40,213
Taxes Billed. . . . . . . . . .. . . . . - -
1,718,621 2,143,897
Reductions: Payments and Adjustments.. 634,844 740,284
Balance Receivable - July 31, 1989 $1,083,777 $1,403,613
STATISTICAL INFORMATION
for the month of July, 1989
Payment Received - Taxes 862
•- Other 1,032
Tax Certificates Issued 447
Dog Licenses Issued 18
Burial Permit Issued 27
Accounts Payable Cheques Issued 1,121
Cheque # 4668 to 4683
5688 6076
1506267 1506625
1516089 1516478
13
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of July 31, 1989
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
Reserve
a) Royal 1,976,260 12.18 36 Aug. 10/89
b) Montreal 1,976,360 12.13 36 Aug. 10/89
c) Scotia 981,230 12.25 57 Sept.15/89
d) Scotia 1,668,771 12.20 56 Sept.15/89
e) Scotia 1,475,310 12.22 50 Sept.15/89
f) C.I.B.C. 999,686 12.16 55 Sept.20/89
General
a) C.I.B.C. 999,353 12.15 35 Aug. 3/89
b) TD 1,969,840 12.15 46 Aug. 21/89
c) Lloyds 2,000,000 12.10 46 Aug. 21/89
d) TD 983,730 12.32 49 Sept. 5/89
e) TD 1,952,700 12.11 73 Sept.29/89
$16y983�240
714
CORPORATION OF THE TOWN OF NEWCASTLE
LOT LEVIES
FOR MONTH OF JULY 1989
NAME ADDRESS AMOUNT DESCRIPTION
Mrs. Slemon P. Lot 13, C.8 $ 2,743.00 LD701/88
Darlington
Wilmot Creek Pt. Lot 1, 2, 3 BFC 11230.00 Lots 283,284
Darlington
Pt. Lot 33, 34, 35, C.1
Clarke
John Murphy Pt. Lot 6, C.4 2,743.00 LD 214/89
Clarke
K. & M. Knox Pt. Lot 30, C.9 5,486.00 LD 697 & 698/88
Darlington
Mr. Sander Pt. Lot 32, C.2 2,819.00 LD 758/88
Darlington
Norm Andrews Pt. Lot 18, C.4 2,743.00 LD 218/89
Clarke
W. Kay Lycett Pt. Lot 10, C.3 2,743.00 LD 794/88
Clarke
Schickedanz Bros. Pt. Lot 10, C.2 310,090.00 18T-87033
Bowmanville
Kiddicorp Inv. Pt. Lot 33 & 34, C.2 298,814.00 1OM824
Darlington
317980 Ontario Ltd. Pt. Lot 30, C.1 255,119.50 1OM818,819,825
Clarke
Sunny Ridge Corp. Pt. Lot 19 & 20, C.7 45,259.50 1OM815
Darlington
Kingsberry Properties Pt.Lot 35, C.2 11,276.00 LD443,444,445,
Darlington 446/89
Mr. C. Crago Pt. Lot 35, C.2 2,743.00 LD289/89
Clarke
812746 Ontario Ltd. Pt. Lot 14, C.1 2,974.00 LD449/89
Bowmanville
I
Ridge Pine Park BF Conc. 615.00 Lot 282
Darlington & Clarke
Newcastle Co-Tenancy Pt. Lot 31, C.2 139,031.64 1OM820
Darlington
$1,086,429.64
715
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