HomeMy WebLinkAboutTR-79-91 THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File
Date: September 9, 1991 Res. #
TR-79-91 By-Law#
Report#: File#:
SUbject: CASH ACTIVITY REPORT - JULY, 1991
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1 . That report TR-79-91 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 July 31, 1991, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
July, 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 July
31, 1990 and the comparative information for the month ended July 31,
1991.
Respectfully submitted, Recommended for presentation
to the Committee
Marie A. Marano H.BSc. ,A.M.C.T. La;(qrenchqE. Kotseff
Treasurer Chief �t inistrative Officer
MAM/RS/ges
HIS 1111 11 P6LYCLCD IA-
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of July, 1991
PART A
1991 1990
CASH ON HAND AT June 30/91 $27,576,750 $26,495, 140
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . . . 895,387 683, 190
Grants . . . . . . . . . . . . . . . . . . . . 728,400 ---
Interest-Reserve Funds . . . . 109,739 149,934
-General Funds . . . . 87,170 72,779
Other. . . . . . . . . . . . . . . . . . . . . 1,192 ,019 1,068, 165
Total Cash Available. . . . . . . . . $30,589,465 $28,469,208
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- 15,400
Payroll . . . . . . . . . . . . . . . . . . . 607,638 471,426
General. . . . . . . . . . . . . . . . . . . 1,227, 119 2,224,385
Interest. . . . . . . . . . . . . . . . . . --- ---
Levies - Region. . . . . . . . . . . --- ---
- Schools . . . . . . . . . . --- ---
TOTAL EXPENSES 1,834,757 2 ,711,211
CASH on Hand as At July 31, 1991 $28,754,708 $25,757,997
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 3,550, 147 $ 1,852,553
Investments. . . . . . . . . . . . . . . 25,204,561 23,905,444
$25,204,561 $25,757 ,997
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of July, 1991
1991 1990
Balance Receivable- June 30/91 $ 41967,557 $ 2,900,911
Additions: Penalties & Interest. . 77,222 55,471
Taxes Billed. . . . . . . . . . --- ---
5,044,779 2,956,382
Reductions:Payments and
Adjustments. . . . . . . . . . . 950,910 683, 190
Balance Receivable-July 31, 1991 $ 4,093,869 $ 2,273, 192
STATISTICAL INFORMATION
for the Month of July, 1991
Payment Received - Taxes 1,065
- Other 980
Tax Certificates Issued 508
Dog Licenses Issued 17
Burial Permit Issued 24
Accounts Payable Cheques Issued 1,270
Cheque # 5156 to 5187
16145 16544
02088874 02089309
02100033 02100474
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of July 31, 1991
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Montreal 985,400 8 . 72 62D Aug. 27th
b) Scotia 1,000,000 8 .70 49D Aug. 14th
c) Montreal 986,980 8 . 60 56D Aug. 30th
d) Royal 1,489,530 8 .55 30D Aug. 8th
e) Toronto-Dominion 1,478,085 8 .59 63D Sept. 11th
f) Scotia 989,510 8 . 60 45D Aug. 30th
g) C. I.B.C. 999,855 8 . 90 58D Sept. 20th
h) Royal 983,690 8.90 68D Sept. 30th
i) C. I.B.C. 1,499, 132 8 . 64 56D Sept. 23rd
j ) Scotia 11970,740 8 . 60 63D Sept. 30th
k) Montreal 1,487,280 8 . 67 36D Sept. 3rd
RESERVE
a) Montreal 986,480 8 . 69 56D Aug. 27th
b) C. I.B.C. 1,299,930 8 .60 59D Aug. 30th
c) Toronto-Dominion 11787,688 8 . 67 29D Aug. 16th
d) Montreal 1,988,560 8 .75 24D Aug. 12th
e) Toronto-Dominion 1,788,876 8 .73 26D Aug. 14th
f) Royal 21483,325 8 . 75 26D Aug. 16th
g) C. I .B.C. 999,500 8 .68 61D Sept. 18th
25,204,561
LOT LEVIES - July, 1991
David Snowden Pt. Lot 6, C. 7 $ 2,894 . 00 LD 210/89
Darlington
Sandbury Building Corp. Pt. Lot 31, C.2 $126,014. 00 1OM839
Darlington
Ideal Investments Pt. Lot 18, C.5 $ 11,576 . 00 LD 175/90
(John Vanginhoven) Darlington to 178/90
Eiram Development Corp. Pt. Lot 9, 10, C.2 $102,279 .50 1OM840
Bowmanville
671461 Ontario Ltd. Pt. Lot 13, C.2 $ 12,639 .50 18T87005
Bowmanville
Schickedanz Bros . Pt. Lot 10, C. 1 $ 5,948. 00 LD 412/90
Bowmanville LD 413/90
Will-Swar Enterprises Ltd. Pt. Lot 13, C. 1 $ 21974. 00 LD 73/91
Bowmanville
Rainbow Orchards Pt. Lot 9, C.6 $ 2,894 . 00 LD 307/89
(F. Garth) Darlington
$267 ,219 . 00
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