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Home My WebLink AboutTR-85-89 �g TOWN OF NEWCASTLE t 'p� REPORT File JY Res. By-Law # MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: October 2, 1989 REPORT #: TR-85-89 FILE #: SUBJECT: CASH ACTIVITY REPORT - AUGUST 31, 1989 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-85-89 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 August 31,1989 is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of August 31, 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 August 31, 1989 and the comparative information for the month ended August 31, 1988. Respectfully submitted, Recommended for presentation to the Committee Yq,. y76hn Rzes ,u , rence E4 K �seff, Deputy Treasurer. Chief Admi is native Officer. JR/JJ/lb �1 i I 7 ` I CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of August 1989 PART A 1989 1988 CASH ON HAND AT July 31, 1989 $ 19,033,075 $16,691,584 Total Cash for General Operating and Reserve Fund Purposes: Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 521,458 420,209 Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 94,139 53,005 Interest - Reserve Funds. . . . . . . . . . 77,469 105,278 - General Funds. . . . . . . . . . 103,066 61,981 Other. . . . . . .. . . . . . . . .. . . . . . . . . . . . . 671,684 347,820 Total Cash Available. . . . . . . . . . . . . . . . $20,500,891 $17,679,877 USE of funds Expenditures Debenture Charges. . . . . . . . . . . . . . . . . - 38,835 Payroll. . . . . . . . . . . . . . . . . . .. . . . . . . . 601,700 431,075 General. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,249,953 2,080,367 Interest. . . . . . . . . . . . . . . .. . . . . . . . . . - - Levies - Region. . . . . . . . . . . . . . . . . . . 1,809,403 1,287,113 - Schools. . . . . . . . . . . . . . . . . . - _ TOTAL EXPENSES 3,661,056 3,837,390 CASH on Hand as At August 31, 1989 $16,839,835 $13,842,487 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,325,658 $ 1,007,347 Investments.. . . . . . . . . . . . . . . . . . . . . . 15,514,177 12,835,140 $16,839,835 $13,842,487 06 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of August, 1989 1989 1988 Balance Receivable - July 31, 1989 $1,083,777 $1,403,613 Additions: Penalties & Interest. . . . . . . 34,290 32,260 Taxes Billed.. . . . . . . . . . . . . . - - 1,118,067 1,435,873 Reductions: Payments and Adjustments.. 619,928 579,878 Balance Receivable - August 31, 1989 $ 498,139 $ 855,995 STATISTICAL INFORMATION for the month of August, 1989 Payment Received - Taxes 761 - Other 1,276 Tax Certificates Issued 453 Dog Licenses Issued 34 Burial Permit Issued 24 Accounts Payable Cheques Issued 1,409 Cheque # 4684 to 4706 6077 6399 1527357 1527740 1537428 1537775 1548131 7 0 7, 1548485 r CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of August, 1989 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE Reserve a) Scotia 981,230 12.25 57D Sept.15/89 b) Scotia 1,668,771 12.20 56D Sept.15/89 c) Scotia 1,475,310 12.22 50D Sept.15/89 d) C.I.B.C. 999,686 12.16 55D Sept.20/89 General a) T.D. 983,730 12.32 49D Sept. 5/89 b) Bk. Mtl. 1,952,700 12.11 73D Sept.29/89 c) Royal 988,270 12.38 35D Sept.14/89 d) C.I.B.C. 2,999,340 12.33 50D Sept.29/89 e) T.D. 3,465,140 12.24 30D Sept.20/89 $15y514y177 CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF AUGUST 1989 NAME ADDRESS AMOUNT DESCRIPTION Pine Ridge Park BF Conc. $ 615.00 Lot 278 Darlington & Clarke Ruth Tink Pt. Lot 20, C.4 2,894.00 LD615/88 Darlington Andelwood Pt. Lot 31, C.2 2,974.05 LD726/88 Darlington Syvan Developments Pt. Lot 28, C.1 4,504.00 DEV 87-72 Ltd. Clarke Wm. Rowland Pt. Lot 31, C.7 5,788.00 LD342 & 343/89 Clarke M. Zoelman Lot 2, C.3 2,894.00 LD328/89 Darlington Sylvia Hawryszko Pt. Lot 33, C.2 2,974.00 LD436/89 Darlington J. DeJong Lot 15, C.3 11,576.00 18T87036 Darlington Wilmot Creek Pt. Lots 1,2,3 BFC 4,305.00 Lots 592, 166, Darlington 167, 236, 741, Pt. Lots 33, 34 771, 279A 35, C.1 Clarke $38,524.05 709