HomeMy WebLinkAboutTR-85-91 THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File
Date: September 23, 1991 Res. #
Report#. TR-85-91 File #: By-Law#
Subject: CASH ACTIVITY REPORT - AUGUST, 1991
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1 . That report TR-85-91 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 August 31, 1991, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
August, 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
August 31, 1991 and the comparative information for the month ended
August 31, 1990 .
Respectfully submitted, Recommended for presentation
to the Committee
Marie A. Marano H.BSc. ,A.M.C.T. Lawrencq/i / Kotseff
Treasurer Chief P�d+strative Officer
MAM/RS/ges
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of August, 1991
PART A
1991 1990
CASH ON HAND AT July 31/91 * $29,610,993 $25,757,997
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . . . 1,443,336 740,361
Grants. . . . . . . . . . . . . . . . . . . . 332, 112 85,971
Interest-Reserve Funds . . . . 84, 144 159,818
-General Funds . . . . 72,549 208,019
Other. . . . . . . . . . . . . . . . . . . . . 359,256 655 ,254
Total Cash Available. . . . . . . . . $31,902,390 $27,607,420
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- ---
Payroll. . . . . . . . . . . . . . . . . . . 826,701 700,217
General. . . . . . . . . . . . . . . . . . . 2,068,238 1,978,933
Interest. . . . --- ---
Levies - Region. . . . . . . . . . . 2, 102,480 * 2,084,662
- Schools. . . . . . . . . . --- ---
TOTAL EXPENSES 4, 997 ,419 4,763,812
CASH on Hand as At Aug. 31, 1991 $26,904,971 $22,843,608
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 5,004, 111 $ 1,464,002
Investments . . . . . . . . . . . . . . . 21, 900,860 21,379 ,606
$26,904 ,971 $22 ,843,608
* A clerical error in the August 1990 Cash Activity Report
incorrectly listed the regional levy. The opening balance July
31, 1990 reflects the adjustment to the correct value.
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of August, 1991
1991 1990
Balance Receivable- July 31/91 $ 3,676, 113 $ 2,273, 192
Additions: Penalties & Interest. . 67,335 47, 742
Taxes Billed. . . . . . . . . . 222,642 ---
3,966 ,090 2, 320, 934
Reductions:Payments and
Adjustments . . . . . . . . . . . 1,450, 126 729, 622
Balance Receivable-Aug. 31, 1991 $ 2,515,964 $ 1,591,312
STATISTICAL INFORMATION
for the Month of August, 1991
Payment Received - Taxes 1,045
- Other 875
Tax Certificates Issued 325
Dog Licenses Issued 11
Burial Permit Issued 17
Accounts Payable Cheques Issued 1,660
Cheque # 5188 to 5203
16545 17056
02119529 02119925
02110167 02110586
02129414 02129834
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of August 31, 1991
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Toronto-Dominion 1,478,085 8 .59 63D Sept. 11th
b) C. I.B.C. 999,855 8 . 90 58D Sept. 20th
c) Royal 983,690 8. 90 68D Sept. 30th
d) C. I .B.C. 1,499, 132 8 . 64 56D Sept. 23rd
e) Scotia 1,970,740 8. 60 63D Sept. 30th
f) Montreal 11487,280 8. 67 36D Sept. 3rd
g) Scotia 1,000,000 8 . 69 48D Sept. 30th
h) C. I.B.C. 999,780 8.50 31D Sept. 27th
RESERVE
a) C. I.B.C. 999,500 8. 68 61D Sept. 18th
b) Montreal 1,982,520 8. 70 37D Sept. 18th
c) Toronto-Dominion 992,000 8 . 66 34D Sept. 17th
d) Royal 992,000 8. 66 34D Sept. 17th
e) Toronto-Dominion 1,984,920 8. 66 32D Sept. 17th
f) Royal 2,266,213 8. 64 63D Oct. 18th
g) Montreal 985,230 8 .55 64D Oct. 30th
h) Montreal 1,279,915 8.55 67D Nov. 5th
21,900,860
LOT LEVIES - August, 1991
K. & R. Kellachan Lot 13, C.4 $ 2,894 . 00 LD 65/91
Darlington
John Hooey Farms Ltd. Lots 23 & 24, C. 7 $ 2,894 . 00 LD 124/91
Clarke
D. & C. Barraball Lot 31, C.3 $ 5,948.00 LD 231 &
Darlington 232/90
Wilmot Creek BF Conc . $ 615 . 00 Lot 242
Darlington & Clarke
Kingsberry Properties Pt. Lot 35, C.2 $ 2,974 . 00 LD 193/91
Darlington
S. McNamara Lot 5, C.4 $ 2,894 . 00 LD 182/91
Clarke
708545 Ontario Ltd. Pt. Lot 31, 32 C.2 $ 57,993 . 00 18T88022
(Penwest Dev. Corp. ) Darlington
C. Loveridge Pt. Lot 8, C.7 $ 2,894 . 00 LD 51/91
Darlington
$ 79 , 106 .00
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