HomeMy WebLinkAboutTR-100-89 1
TOWN OF NEWCASTLE
REPORT F i I e # f
Res. # (off? ;C?lJ 8�9
By-Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: December 4, 1989
REPORT #: TR-100-89 FILE #:
SUBJECT: CASH ACTIVITY REPORT OCTOBER 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-100-89 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 October 31, 1989, is as shown on the attached
schedule, and
3 . That Part A of the expenditures for the month of
October 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 October 31, 1989 and the comparative
information for the month ended October 31, 1988.
Respectfully submitted, Recommended for
presentation
to the Committee
Marie A. Marano H.BSc. , wren '�e Kotseff
g
Treasurer hief inistrative
Offic r
10 6
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of October, 1989
PART A
1989 1988
CASH ON HAND AT September 30, 1989 $19,233,835 $14,615,697
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . . . 1, 140, 116 1,075,824
Grants . . . . . . . . . . . . . . . . . . . . - -
Interest-Reserve Funds . . . . 39,472 112,994
-General Funds . . . . 66, 138 28, 174
Other. . . . . . . . . . . . . . . . . . . . . 557 , 130 715,494
Total Cash Available. . . . . . . . . $21,036,691 $16,548, 183
USE of funds
Expenditures
Debenture Charges . . . . . . . . . 4,400 2,631
Payroll. . . . . . . . . . . . . . . . . . . 344,908 275,354
General. . . . . . . . . . . . . . . . . . . 1,389,733 2,362,960
Interest. . . . . . . . . . . . . . . . . . - -
Levies - Region. . . . . . . . . . . 1,809,403 1,287, 113
- Schools. . . . . . . . . . - -
TOTAL EXPENSES 3 ,548,444 3,928,058
CASH on Hand as At Oct. 31, 1989 $17 ,488,247 $12 ,620, 125
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 670,768 $ 972,973
Investments . . . . . . . . . . . . . . . 16 ,817 ,479 11, 647 , 152
$17 ,488,247 $12 ,620, 125
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of October, 1989
1989 1988
Balance Receivable-Sept. 30, 1989 $ 3,645,274 $ 3,564,460
Additions: Penalties & Interest. . 47,215 37,247
Taxes Billed. . . . . . . . . . 701,755 324,248
4,394,244 3,925,955
Reductions:Payments and
Adjustments . . . . . . . . . . . 1, 140,266 1,075,824
Balance Receivable-Oct. 31, 1989 $ 3,253,978 $ 2,850, 131
STATISTICAL INFORMATION
for the Month of October, 1989
Payment Received - Taxes 1636
- Other 1143
Tax Certificates Issued 347
Dog Licenses Issued 10
Burial Permit Issued 17
Accounts Payable Cheques Issued 1113
Cheque # 4721 to 4734
6749 7204
1579096 1579427
1588411 1588749
708
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of October 30, 1989
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Scotia 979,330 12 .23 63D Nov 24th
b) Scotia 2,955,270 12 .28 46D Nov 9th
c) Montreal 987,440 12 .22 38D Nov 3rd
d) Lloyds 2,000,000 12 .20 77D Dec 15th
e) Montreal 1,465,005 12 . 11 72D Dec 15th
f) Toronto Dominion 1,471,455 12 .00 59D Dec 15th
g) Royal 998,970 12 .34 33D Dec 6th
RESERVE
a) Royal 1,960,260 12 .33 60D Nov 14th
b) Lloyds 1,000,000 12 .25 71D Nov 30th
c) CIBC 2,999,749 12 .22 61D Dec 20th
16,817,479
709
LOT LEVIES - October, 1989
Challenge Park Estates/ Pt. Lot 26,C.2 $127,882 . 00 1OM827
Abek Real Estate Corp. Clarke
Kingsberry Properties Pt. Lot 35, C.2 5,948 . 00 LD 591
Darlington -592/89
S. Turner Lot 5, C. 1 2,894 .00 LD350/89
Darlington
Ridge Pine Park BF Conc . 1,230 .00 Lots 702,
Darlington & Clarke 749
Vanhaverbeke/ Lot 27, C.2 5,630 .00 DEV89-62
Paterson Clarke
591415 Ontario Ltd. Pt. Lot 31 & 32,C.4 23,715 . 00 1OM808
Darlington
Jan Ochonski Pt. Lot 30, C. 5 8,682 . 00 LD713-715
Clarke /88
Christl View Farms Ltd. Lot 31, C. 1 2,894 . 00 LD306/89
Darlington
James Smith Lot 27, C. 10 2,894 . 00 LD273/89
Darlington
$181,769 . 00
710