HomeMy WebLinkAboutTR-10-91 TOWN OF NEWCASTLE
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REPORT File # "to). (mMo
Res.
By-Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: January 21, 1991
REPORT #: TR-10-91 FILE #:
SMECT: CASH ACTIVITY REPORT - NOVEMBER, 1990
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-10-91 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 November 30, 1990, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
November, 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
November 30, 1990 and the comparative information for the month ended
November 30, 1989 .
Respectfully submitted, Recommended for presentation
to the Committee
Vria
A. Marano H.BSc . , Lawrenc Kotseff
Treasurer Chief dm nistrative Officer
MAM/RS/ges
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of November, 1990
PART A
1990 1989
CASH ON HAND AT Oct. 31, 1990 $21,609,561 $17,488,247
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . . . 464,086 699,487
Grants . . . . . . . . . . . . . . . . . . . . 103, 106 ---
Interest-Reserve Funds . . . . 113,880 70,748
-General Funds . . . . 61,208 91,657
Other. . . . . . . . . . . . . . . . . . . . . 762 ,963 1,446 ,649
Total Cash Available. . . . . . . . . $23, 114,804 $19,796,788
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- 695
Payroll. . . . . . . . . . . . . . . . . . . 496,888 351,078
General. . . . . . . . . . . . . . . . . . . 1,865,903 1,309,310
Interest. . . . . . . . . . . . . . . . . . --- ---
Levies - Region. . . . . . . . . . . --- ---
- Schools . . . . . . . . . . --- ---
TOTAL EXPENSES 2 ,362 ,791 1,661, 083
CASH on Hand as At Nov. 30, 1990 $20,752 ,013 $18 , 135,705
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 503,747 $ 1, 140,351
Investments . . . . . . . . . . . . . . . 20,248,266 16 ,995, 354
$20,752 ,013 $18, 135,705
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of November, 1990
1990 1989
Balance Receivable- Oct. 31,1990 $ 4,948,652 $ 3,253,978
Additions : Penalties & Interest. . 55,218 37,790
Taxes Billed. . . . . . . . . . --- 739, 077
5,003,870 4,030,845
Reductions:Payments and
Adjustments . . . . . . . . . . . 481,230 697,543
Balance Receivable-Nov. 30, 1990 $ 4,522,640 $ 3,333, 302
STATISTICAL INFORMATION
for the Month of November, 1990
Payment Received - Taxes 594
- Other 1,029
Tax Certificates Issued 500
Dog Licenses Issued 2
Burial Permit Issued 18
Accounts Payable Cheques Issued 1,203
Cheque # 4977 to 4992
12412 12846
01910316 01910693
01921118 01921513
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of November 30, 1990
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Royal 978,550 12 .50 64D Dec . 14th
b) Scotia 983, 150 12 .51 50D Dec . 14th
c) Montreal 1,000,000 11.50 50D Dec . 14th
d) Scotia 1,968,900 12 .53 46D Dec. 14th
e) Toronto-Dominion 989,300 12 .34 32D Dec . 7th
f) Royal 986,820 12 .50 39D Dec. 14th
g) Scotia 1,000,000 12 .30 22D Dec . 5th
h) C. I.B.C. 1,499,888 12 .25 34D Dec . 27th
i) Montreal 990,260 12 . 38 29D Dec. 20th
j ) Montreal 988,640 12 .33 34D Jan. 2nd
RESERVE
a) Montreal 1,962,860 12 .56 55D Dec. 4th
b) Royal 1, 367,604 12 .53 69D Dec . 18th
c) Royal 980,260 12 .46 29D Dec. 13th
d) Toronto-Dominion 1,372,056 12 .39 60D Dec . 14th
e) C. I .B.C. 1, 199,592 12 .28 58D Jan. 16th
f) C. I.B.C. 999,496 12 .28 58D Jan. 16th
g) Toronto-Dominion 980,890 12 .26 58D Jan. 16th
20,248,266
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LOT LEVIES - November, 1990
Linda & Wayne Sweet Pt. Lot 20, C. 8 $ 2, 894 . 00 LD 62/90
Darlington
Melrose Dev. Inc. Pt. Lot 29, C. 3 $ 2,974. 00 LD 383/90
Darlington
Eastmount Homes Ltd. Pt. Lot 30, C. 3 $ 2,974 . 00 LD 416/90
Darlington
Elmflo Farms Pt. Lot 32, C. 9 $ 2,894 . 00 LD 768/89
Darlington
John & Annie Bandstra Pt. Lot 25, C.2 $ 2,894 . 00 LD 72/90
Clarke
Newcastle Meadows Pt. Lot 11, C. 2 $ 60,223 .50 1OM835
Bowmanville
Nor-Arm Development Pt. Lot 9, C. 1 $ 17,600. 00 1OM837
Bowmanville LD 385/90
Joyce Bebee Pt. Lot 13, C. 2 $ 5,948 . 00 LD 332
Bowmanville LD 333/85
Joseph Kiwior Pt. Lot 6, C. 1 $ 2,894 . 00 LD 198/90
Darlington
Sandbury Building Corp. Pt. Lot 31, C.2 $155, 754 . 00 1OM839
Darlington
Kingsberry Properties Pt. Lot 35, C. 2 $ 5,948 . 00 LD 360/90
Darlington
Thomas & Ann Pleasance Pt. Lot 7, C.7 $ 2,894 . 00 LD 788/88
Darlington
$265,891 .50