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Home My WebLink AboutTR-1-91 TOWN OF NEWCASTLE REPORT File # Res. # By-Law # SING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: January 7 , 1991 REPORT #: TR-1-91 FILE #: SUBJECT: CASH ACTIVITY REPORT - OCTOBER, 1990 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-1-91 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, 1990, is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of October, 1990 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, 1990 and the comparative information for the month ended October 31, 1989 . Respectfully submitted, Recommended for presentation to the Committee U qw�� , Ma ie A. Marano H.BSc . , Lawren e . Kotseff Treasurer Chief inistrative Officer MAM/RS/ges � i) I CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of October, 1990 PART A 1990 1989 CASH ON HAND AT Sept. 30, 1990 $23,993,465 $19,233,835 Total Cash for General Operating and Reserve Fund Purposes: Taxes . . . . . . . . . . . . . . . . . . . . . 1, 171,898 1, 140, 116 Grants . . . . . . . . . . . . . . . . . . . . 34,669 --- Interest-Reserve Funds. . . . 94,867 39,472 -General Funds. . . . 140,665 66, 138 Other. . . . . . . . . . . . . . . . . . . . . 763 ,376 557 , 130 Total Cash Available. . . . . . . . . $26, 198,940 $21, 036,691 USE of funds Expenditures Debenture Charges . . . . . . . . . --- 4,400 Payroll. . . . . . . . . . . . . . . . . . . 418,479 344,908 General. . . . . . . . . . . . . . . . . . . 2,086,238 1, 389,733 Interest. . . . . . . . . . . . . . . . . . --- --- Levies - Region. . . . . . . . . . . 2,084,662 1,809,403 - Schools . . . . . . . . . . --- --- TOTAL EXPENSES 4 ,589 ,379 3 ,548,444 CASH on Hand as At Oct. 31, 1990 $21,609 ,561 $17 ,488,247 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . $ 1,270,261 $ 670,768 Investments . . . . . . . . . . . . . . . 20 ,339 ,300 16 , 817 ,479 $21,609 ,561 $17 ,488,247 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the month of October, 1990 1990 1989 Balance Receivable- Sept.30,1990 $ 5,220,316 $ 3,645,274 Additions: Penalties & Interest. . 64,741 47 ,215 Taxes Billed. . . . . . . . . . 836,074 701,755 6, 121, 131 4,394,244 Reductions :Payments and Adjustments . . . . . . . . . . . 1, 172,479 1, 140,266 Balance Receivable-Oct. 31, 1990 $ 4,948,652 $ 3,253,978 STATISTICAL INFORMATION for the Month of October, 1990 Payment Received - Taxes 1,667 - Other 975 Tax Certificates Issued 410 Dog Licenses Issued 4 Burial Permit Issued 35 Accounts Payable Cheques Issued 1,250 Cheque # 4946 to 4976 11923 12411 01889955 01890342 01899516 01899902 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of October 31, 1990 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE GENERAL a) C. I .B.C. 1,499,460 12 .57 63D Nov. 23rd b) Montreal 980,420 12 .57 58D Nov. 21st C) Toronto-Dominion 986,550 12 .44 40D Nov. 5th d) Scotia 1,482,570 12 . 62 34D Nov. 5th e) Royal 988,380 12 . 62 34D Nov. 5th f) Royal 978,550 12 .50 64D Dec. 14th g) Scotia 983, 150 12 .51 50D Dec . 14th h) Montreal 1,000,000 11.50 50D Dec . 14th i) Toronto-Dominion 989,490 12 .51 31D Nov. 29th j ) Scotia 1,968,900 12 .53 46D Dec. 14th RESERVE a) C. I .B.C. 1,799,319 12 .56 56D Nov. 19th b) C. I .B.C. 999,731 12 .56 56D Nov. 19th c) Montreal 1,962,860 12 .56 55D Dec . 4th d) Royal 1,367,604 12 .53 69D Dec. 18th e) Royal 980,260 12 .46 59D Dec . 13th f) Toronto-Dominion 1,372,056 12 .39 60D Dec . 14th 20,339,300 f U ' LOT LEVIES - October, 1990 Nor-Arm Development Pt. Lot 9, 10, C. 1 $ 61,718 .50 1OM838 Bowmanville Kingsberry Properties Pt. Lot 31, C.2 $ 52,788 .50 1OM834 Darlington Kingsberry Properties Pt. Lot 35, C. 2 $ 5,948 . 00 LD 430/86 Darlington Walter Schoenerklee Lot 18, C. 2 $ 2,894 . 00 LD 694/89 Clarke $123 ,349 . 00