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Home My WebLink AboutTR-55-91 THE CORPORATION OF THE TOWN OF NEWCASTLE REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# 1_10, Date: July 8, 1991 Res. # By-Law# Report#:_TR_-_55_-_9_1_ File#: Subject: CONTINUITY CASH ACTIVITY REPORT - FEBRUARY TO MAY, 1991 PART A Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-55-91 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 cM Committee that the cash position of the Town of Newcastle for the month ended May 31, 1991, is as shown on the attached schedule; and 3. That Part A of the expenditures for the months of February 1 to May 31, 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 months of February to May 31, 1991 and the comparative information for the months of February to May 31, 1990 . This Cash Activity Report has been prepared in a summary format for the months of February to May 1991. A copy of each months report will be made available for review upon request in the Treasury Department. Due to the absence of the Tax Collector during this period of time the reports were not prepared on a monthly basis, but will return to this format commencing with the June 1991 report. Respectfully submitted, Recommended for presentation to the Committee 4 kaiiie A. Marano H.BSc . ,A.M.C.T. L(a(wrenc Kotseff Treasurer Chief iafinistrative Officer MAM/RS/ges 701 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the month of May 31, 1991 1991 1990 Balance Receivable- Jan.31,1991 $ 3,910,843 $ 21442,565 Additions: Penalties & Interest. . 209,937 143, 136 Taxes Billed. . . . . . . . . . 20,400,293 17,755,931 24,521,073 20,341, 632 Reductions: Payments and Adjustments . . . . . . . . . . 19,553,516 16,722,553 Balance Receivable-May 31, 1991 $ 4,967,557 $ 3,619,079 STATISTICAL INFORMATION for the Months of February to May 31, 1991 Payment Received - Taxes 26, 706 - Other 4, 313 Tax Certificates Issued 1,576 Dog Licenses Issued 314 Burial Permit Issued 106 Accounts Payable Cheques Issued 4,880 Cheque # 5034 to 5133 13799 15564 01987504 01987887 01997628 01998022 02007272 02007658 02017809 02018197 02026645 02027040 02036864 02037266 02046302 02046706 02057178 02057586 702 CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of May, 1991 PART A 1991 1990 CASH ON HAND AT Jan. 31,1991 $14,869,282 $14,790,123 Total Cash for General Operating and Reserve Fund Purposes: Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,553,516 16,722,810 Grants . . . . . . . . . . . . . . . . . . . . . . . . . . 1, 124,060 1, 142,252 Interest -Reserve Funds . . . . . . . . . 342,207 514,203 -General Funds . . . . . . . . . 226,533 295,099 Other. . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ,458,276 3, 074,301 Total Cash Available. . . . . . . . . . . . . . . $39,573,874 $36,538,788 USE of funds Expenditures Debenture Charges . . . . . . . . . . . . . . . 483,342 6,486 Payroll. . . . . . . . . . . . . . . . . . . . . . . . . 1,746,729 1,720,110 General. . . . . . . . . . . . . . . . . . . . . . . . . 5,482,250 4,877,527 Interest. . . . . . . . . . . . . . . . . . . . . . . . --- --- Levies - Region. . . . . . . . . . . . . . . . . 3,573,674 2,978,024 - Schools . . . . . . . . . . . . . . . . 51,871,890 4, 811,586 TOTAL EXPENSES 17 , 157 ,885 14,393,733 CASH on Hand as At May 31, 1991 $22 ,415,989 $22 , 145,055 ANALYSIS as follows Cash @ May 31, 1991 . . . . . . . . . . . . $ 2,059,527 $ 2,047,731 Investments @ May 31, 1991. . . . . . 20 ,356 ,462 20,097 ,324 $22 ,415,989 $22 , 145,055 �. 70J CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of May 31, 1991 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE GENERAL a) Toronto-Dominion 11000,063 9 . 35 70D June 28th b) Toronto-Dominion 1,000,087 9 . 35 66D June 28th c) Royal 983,650 9 .48 64D June 28th d) Toronto-Dominion 693,637 9 .30 36D June 5th e) Montreal 991,710 9 .25 33D June 5th f) Scotia 1,200,000 9 . 05 50D June 28th g) Montreal 11188,852 9 . 01 38D June 28th h) C. I.B.C. 1,999,479 8 . 84 30D June 28th RESERVE a) C. I.B.C. 999,352 9 .68 93D June 20th b) Toronto-Dominion 11476,780 9 .73 59D June 7th c) Royal 1,964,640 9 .66 68D June 18th d) Scotia 1,500,000 9 . 65 68D June 18th e) Scotia 1,000,000 9 .65 68D June 18th f) C. I .B.C. 399,496 9 . 15 15D May 7th g) C. I .B.C. 999,186 9 .21 31D June 7th h) Royal 981,970 9 . 18 73D July 19th i) Montreal 1,977,560 9 . 00 46D July 2nd 20,356,462 704 LOT LEVIES - May, 1991 Eastmount Homes Pt. Lot 30, C.3 $ 11,896 . 00 LD 418 - Darlington 420/90 S. Worden Lot 21, C.5 $ 2,894. 00 LD 406/90 Darlington Jorica Corp. Pt. Lot 32, C.7 $ 8,682 . 00 LD 195 - Clarke 197/90 $ 23,472 . 00 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of April 30, 1991 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE GENERAL a) Montreal 992,270 9 . 80 29D May 9th b) Montreal 296,673 9 . 75 42D May. 22nd c) Scotia 500,000 9 . 65 44D May 24th d) C.I.B.C. 999,546 9 .59 36D May 23rd e) C. I.B.C. 999,704 9 .47 32D May 21st f) Toronto-Dominion 1,000,063 9 . 35 70D June 28th g) Scotia 1,000,000 9 .25 16D May 8th h) Toronto-Dominion 1,000,087 9 .35 66D June 28th i) Royal 983,650 9 .48 64D June 28th j ) Toronto-Dominion 693,637 9 .30 36D June 5th RESERVE a) Royal 1,677,866 9 . 83 49D May 7th b) Montreal 1,968,880 9 .78 59D May 17th c) C. I .B.C. 999,352 9 . 68 93D June 20th d) Toronto-Dominion 1,476,780 9 .73 59D June 7th e) Royal 1,964,640 9 .66 68D June 18th f) Scotia 1,500,000 9 . 65 68D June 18th g) Scotia 11000,000 9 . 65 68D June 18th h) C. I.B.C. 399,496 9 . 15 15D May 7th 19,452,644 -706 LOT LEVIES - April, 1991 909107 Ontario Ltd. Pt. Lot 35, C.2 $ 5,948.00 LD 593, Darlington 594/89 Eiram Development Pt. Lot 9, 10, C.2 $204,559 .00 18T89041 Bowmanville Nycan Property Ltd. Pt. Lot 20, C. 10 $ 2,894 . 00 LD 109/90 Darlington $213.401. 00 707 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of March 31, 1991 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE GENERAL a) Scotia 11000,000 9 .90 36D Apr. 10th b) Scotia 800,000 9 . 80 27D Apr. 10th c) Toronto-Dominion 1,981,300 9 . 84 35D Apr. 30th RESERVE a) Royal 1,961,960 10 .72 66D Apr. 11th b) Scotia 1,400,000 10. 73 66D Apr. 11th c) Scotia 981,560 10.55 65D Apr. 11th d) Toronto-Dominion 1,485,315 10. 02 36D Apr. 9th e) Royal 1, 677,866 9 . 83 49D May 7th f) Montreal 1,968,880 9 . 78 59D May 17th g) C. I.B.C. 999,352 9 .68 93D June 20th 14,256,233 I 703 i LOT LEVIES - March, 1991 168215 Ontario Ltd. Pt. Lot 9, C. 1 $ 8,682 . 00 LD 617, 618 Clarke 619/88 $ 8,682 .00 I 7 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of February 28, 1991 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE GENERAL a) Scotia 1,000,000 11 21D Mar. 1st b) Scotia 800,000 11 16D Mar. 1st c) Montreal 993,330 10 . 65 23D Mar. 13th d) Royal 989,900 10.34 36D Mar. 28th e) C. I.B.C. 21499,446 9 . 84 32D Mar. 26th f) Toronto-Dominion 991,660 9 . 90 31D Mar. 28th g) Toronto-Dominion 991,900 9 . 93 30D Mar. 28th h) Scotia 500,000 9 .50 9D Mar. 8th i) Toronto-Dominion 992,210 9 . 88 29D Mar. 28th j ) Montreal 698,467 10. 00 8D Mar. 8th RESERVE a) Royal 980,950 11.43 62D Mar. 19th b) C. I .B.C. 2,399,575 11. 39 62D Mar. 19th c) Montreal 981,900 11. 03 61D Mar. 19th d) Montreal 991,610 11.03 28D Mar. 4th e) Royal 1,961,960 10. 72 66D Apr. 11th f) Scotia 1,400,000 10 .73 66D Apr. 11th g) Scotia 981,560 10.55 65D Apr. 11th h) Toronto-Dominion 500,000 10 . 00 4D Mar. 4th i 20,654,468 710 LOT LEVIES - February, 1991 Roy Dazzell Pt. Lot 35, C. 7 $ 21894 .00 LD 399/89 Clarke Earl & Edith Penwarden Pt. Lot 3, 4 C. 8 $ 21894 .00 LD 34/90 Darlington Nor Arm Developments Pt. Lot 9, 10 C. 1 $ 61,718 .50 10M838 Bowmanville H. Kassinger Construction Pt. Lot 32, C. 3 $162,083. 00 1OM826 Darlington B.P. Stelmach Pt. Lot 11, 12 C. 4 $ 2,894.00 LD 107/90 Clarke $232 ,483 .50 i 711