HomeMy WebLinkAboutTR-70-91 THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# Llo. /X7o
Date: Septamber 9, 1991 Res. #
Report#: TR-70-91 File #: By-Law#
Subject: CASH ACTIVITY REPORT - JUNE, 1991
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1 . That report TR-70-91 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 June 30, 1991, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
June, 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 June
30, 1991 and the comparative information for the month ended June 30,
1990 .
Respectfully submitted, Recommended for presentation
to the Committee
Ma A. Marano H.BSc . ,A.M.C.T. Lawrenc /E. Kotseff
Treasurer Chief Ac#ninistrative Officer
MAM/RS/ges
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of June, 1991
PART A
1991 1990
CASH ON HAND AT May 31, 1991 $22,415,989 $22, 145,055
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . . . 13,108, 104 12,505,338
Grants . . . . . . . . . . . . . . . . . . . . --- 34,763
Interest-Reserve Funds . . . . 137,563 110,265
-General Funds . . . . 119,149 170,845
Other. . . . . . . . . . . . . . . . . . . . . 696 ,918 297 ,479
Total Cash Available. . . . . . . . . $36,477,723 $35,263,745
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- ---
Payroll . . . . . . . . . . . . . . . . . . . 490,256 432, 162
General. . . . . . . . . . . . . . . . . . . 1,015,413 1,404,911
Interest. . . . --- ---
Levies - Region. . . . . . . . . . . --- ---
- Schools . . . . . . . . . . 7,395,304 6,931,532
TOTAL EXPENSES 8,900,973 8,768,605
CASH on Hand as At June 30, 1991 $27 ,576,750 $26 ,495, 140
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 3,847,282 $ 3,291,894
Investments . . . . . . . . . . . . . . . 23 ,729 ,468 23,203,246
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$27 ,576 ,750 $26 ,495, 140
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of June, 1991
1991 1990
Balance Receivable- May 31,1991 $ 4,967,557 $ 3,619,079
Additions: Penalties & Interest. . 58,315 41, 167
Taxes Billed. . . . . . . . . . 12,759,871 11,836,870
17,785,743 15,497, 116
Reductions:Payments and
Adjustments . . . . . . . . . . . 13,235,942 12,596,205
Balance Receivable-June 30, 1991 $ 4,549, 801 $ 2,900,911
STATISTICAL INFORMATION
for the Month of June, 1991
Payment Received - Taxes 16,979
- Other 832
Tax Certificates Issued 467
Dog Licenses Issued 19
Burial Permit Issued 24
Accounts Payable Cheques Issued 1,428
Cheque # 5134 to 5155
15565 16144
02065664 02066086
02076700 02077138
0 �)
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of June 30, 1991
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Toronto-Dominion 1,787,598 8 . 73 29D July 10th
b) Scotia 993,840 8 . 70 26D July 16th
c) C. I .B.C. 11299,730 8.74 33D July 24th
d) Montreal 1,486,425 8 . 77 38D July 29th
e) Royal 992,870 8 . 74 30D July 24th
f) Toronto-Dominion 1,487,535 8 .74 35D July 29th
g) Scotia 11983,920 8.70 34D July 29th
h) Montreal 985,400 8 . 72 62D Aug. 27th
i) Scotia 1,000,000 8. 70 49D Aug. 14th
j ) Scotia 500,000 8 .25 5D July 3rd
RESERVE
a) Royal 981,970 9 . 18 73D July 19th
b) Montreal 1,977,560 9 .00 46D July 2nd
c) Toronto-Dominion 1,782,036 8 . 76 42D July 19th
d) Montreal 990,010 8 . 77 42D July 19th
e) Scotia 1,000,000 8.78 30D July 18th
f) C. I.B.C. 999,830 8 . 73 30D July 18th
g) Royal 2,481,575 8. 74 31D July 19th
h) C. I.B.C. 999,169 8 . 61 29D July 19th
23,729,468
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LOT LEVIES - June, 1991
Ken Mercer Pt. Lot 35, C.3 $ 2,974 . 00 LD 130/90
Darlington
Simkins Homes Ltd. Lot 35, C.2 $ 5,948 . 00 LD 63/89
Darlington LD 65/89
Eiram Development Pt. Lot 9, 10, C.2 $102,279 .50 1OM840
Bowmanville
760148 Ontario Ltd. Pt. Lot 29, C. 3 $ 5,948 . 00 LD 148/91
Darlington LD 149/91
John DeWitt Pt. Lot 7, 8, C.4 $ 2,894 . 00 LD 287/90
Clarke
$120,043 .50
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