HomeMy WebLinkAboutTR-29-91 V
THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
Meeting: File#
Date: May 6, 1991 Res. #
Report TR-29-91 File #: By-Law#
Subject: CASH ACTIVITY REPORT - JANUARY, 1991
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1 . That report TR-29-91 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 January 31, 1991, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
January, 1991 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
January 31, 1991 and the comparative information for the month ended
January 31, 1990 .
Respectfully submitted, Recommended for presentation
to the Committee
Marie A. Marano H.BSc. , Lawrence/ 0. Kotseff
Treasurer Chief Ad4nistrative officer
MAM/DV/ges
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of January, 1991
PART A
1991 1990
CASH ON HAND AT Dec . 31, 1990 $15,224,313 $13,341,667
Total Cash for General
Operating and Reserve
Fund Purposes :
Taxes . . . . . . . . . . . . . . . . . . . . . 340,644 479,238
Grants . . . . . . . . . . 1, 149,321 857,120
Interest - Bank Acc/Inv.
Int. Int.
-Reserve Funds . . . . 53,370 8,401
-General Funds. . . . 30,468 79,366
Other - A/R - Grants . . . . . . 975,476 11980,919
Total Cash Available. . . . . . . . . $17,773,592 $16,746,711
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- 63,619
Payroll . . . . . . . . . . . . . . . . . 655,244 392,053
General - A/P . . . . . . . . . . . . 2,249, 066 1,500,916
Interest. . . . . . . . . . . . . . . . . . ---
Levies - Region. . . . . . . . . . . --- ___
- Schools. . . . . . . . . . --- ___
TOTAL EXPENSES 2,904,310 1,956 ,588
CASH on Hand as At Jan. 31, 1991 $14 ,869 ,282 $14,790,123
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 6,990,030 $ 5,241,533
Investments . . . . . . . . . . . . . . . 7 , 879 ,252 9 ,548,590
$14, 869 ,282 $14,790,123
'fi' %
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of January, 1991
1991 1990
Balance Receivable- Dec. 31,1990 $ 4,213,264 $ 2,890, 332
Additions: Penalties & Interest. . 44,874 31,471
Taxes Billed. . . . . . . . . . --- ---
4,258, 138 2,921, 803
Reductions:Payments and
Adjustments. . . . . . . . . . . 347,295 479,238
Balance Receivable-Jan. 31, 1991 $ 3,910,843 $ 2,442,565
STATISTICAL INFORMATION
for the Month of January, 1991
Payment Received - Taxes 286
- Other 836
Tax Certificates Issued 160
Dog Licenses Issued 83
Burial Permit Issued 23
Accounts Payable Cheques Issued 524
Cheque # 5012 to 5033
13261 13798
01957211 01957593
01965436 01965839
01976182 01976568
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of January 31, 1991
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Royal 989,070 11.52 35D Feb. 8th
b) Toronto-Dominion 989,830 11. 03 34D Feb. 20th
c) Montreal 990,890 11. 18 30D Feb. 27th
RESERVE
a) Montreal 1,273,480 12 .26 62D Feb. 4th
b) Toronto-Dominion 979,510 12 . 12 63D Feb. 5th
c) Royal 1,376,466 12 .00 52D Feb. 4th
d) Scotia 1,280,006 11. 88 48D Feb. 4th
7,879,252
l (If_
LOT LEVIES - January, 1991
Kiddicorp Investments Lot 33, C. 2 $ 5,948 . 00 LD 45/90
Darlington
$ 5 ,948 . 00
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