HomeMy WebLinkAboutTR-95-89 d
TOWN OF NEWCASTLE
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rsC REPORT File # - S'`1
Res. # /-�
- By-Law #
SING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: November 20, 19 8 9
REPORT #: TR-95-89 FILE #:
SECT: CASH ACTIVITY REPORT SEPTEMBER, 1989
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-95-89 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 September, 1989, is as shown on the attached
schedule, and
3. That Part A of the expenditures for the month of
September, 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 September, 1989 .
Respectfully submitted, Recommended for
presentation
to the Committee
n Rzes La renc Kotseff
Deputy Treasurer Chief ief A 4 nistrative
Officer
JR/RS/cr
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of September, 1989
PART A
1989 1988
CASH ON HAND AT August 31, 1989 $16,839,835 $13,842,487
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . . . 6,845,706 4,569,966
Grants. . . . . . . . . . . . . . . . . . . . 820,419 655,747
Interest-Reserve Funds . . . . 100,501 53, 143
-General Funds . . . . 178,823 66,901
Other. . . . . . . . . . . . . . . . . . . . . 2 , 175,009 1,560,575
Total Cash Available. . . . . . . . . $26, 960,293 $20,748,819
USE of funds
Expenditures
Debenture Charges . . . . . . . . . 15,631 44,946
Payroll . . . . . . . . . . . . . . . . . . . 367,079 271,382
General. . . . . . . . . . . . . . . . . . . 2,532, 156 1,936,000
Interest. . . . . . . . . . . . . . . . . . --------- ---------
Levies - Region. . . . . . . . . . . --------- ---------
- School. . . . . . . . . . . 4,811,592 3,880,714
TOTAL EXPENSES 7 ,726 ,458 6 , 133, 122
CASH on Hand as At Sept. 30, 1989 $19 ,233,835 $14,615,697
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 3,409,845 $ 2,298,517
Investments . . . . . . . . . . . . . . . 15, 823,990 12 ,317 , 180
$19 ,233,835 $14,615, 697
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of September, 1989
1989 1988
Balance Receivable- Aug. 31, 1989 $ 498, 139 $ 855,995
Additions: Penalties & Interest. . 30,844 26,908
Taxes Billed. . . . . . . . . . 9,961,997 7,251,523
10,490,980 8, 134,426
Reductions:Payments and Adjust. . . 6,845,706 4,569,966
Balance Receivable-Sept. 30,1989 $ 3,645,274 $ 3,564,460
STATISTICAL INFORMATION
for the Month of September, 1989
Payment Received - Taxes 9517
- Other 1093
Tax Certificates Issued 593
Dog Licenses Issued 30
Burial Permit Issued 16
Accounts Payable Cheques Issued 1048
Cheque # 4707 to 4720
6400 6748
1558222 1558594
1567912 1568249
1568696 1568697
719
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of September, 1989
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Scotia 981,580 12 .23 56D Oct 31st
b) Royal 989,310 12 . 32 32D Oct 17th
c) Lloyds 1,500,000 12 .25 41D Oct 31st
d) Scotia 979,330 12 .23 63D Nov 24th
e) Scotia 2,955,270 12 .28 46D Nov 9th
f) Montreal 987,440 12 .22 38D Nov 3rd
g) Lloyds 2,000,000 12 .20 77D Dec 15th
RESERVE
a) Royal 2,470,800 12 . 32 35D Oct 20th
b) Royal 1,960,260 12 . 33 60D Nov 14th
c) Lloyds 1,000,000 12 .25 71D Nov 30th
15,823,990
720
LOT LEVIES - SEPTEMBER 1989
Abek Real Estate Corp. Pt. Lot 26, C.2 $127,882 .00 1OM827
Clarke
Joe Saraco Pt. Lot 16, C. 1 20, 195. 00 DEV 88-29
Bowmanville
Gina Stone Pt. Lot 24, C. 6 2,894 .00 LD 410/89
Darlington
Ridge Pine Park BF Conc . 2,460 . 00 Lots 164,
Darlington & Clarke 293,695,772
Douglas Kemp Pt. Lot 12, C. 3 2,894 . 00 LD 269/89
Darlington
H. Kassinger Pt. Lot 32, C. 3 162,083 .52 1OM826
Darlington
$318,408 .52
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