HomeMy WebLinkAboutTR-99-91 THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE F i I e # _*_L0_- yog a NO
Date: November 18, 1991 Res.
By-Law#
Report#: TR-99-91 File #:
Subject: CASH ACTIVITY REPORT - SEPTEMBER, 1991
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1 . That report TR-99-91 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 September 30, 1991, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
September, 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
September 30, 1991 and the comparative information for the month ended
September 30, 1990 .
Respectfully submitted, Recommended for presentation
to the Committee
Marie A. Marano H.BSc . ,A.M.C.T. Lawrence Kotsef
Treasurer Chief A 4-istrative Officer
MAM/RS/ges
Allyc",
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of September, 1991
PART A
1991 1990
CASH ON HAND AT Aug. 31/91 $26,904,971 $22,843,608
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes. . . . . . . . . . . . . . . . . . . . . 8,452,506 7,784,943
Grants . . . . . . . . . . . . . . . . . . . . --- 991,237
Interest-Reserve Funds . . . . 64, 878 91,618
-General Funds. . . . 157,230 146,353
Other. . . . . . . . . . . . . . . . . . . . . 2 , 129,379 1,356 ,535
Total Cash Available. . . . . . . . . $37,708,964 $33,214,294
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- 16,765
Payroll. . . . . . . . . . . . . . . . . . . 506, 827 431,213
General. . . . . . . . . . . . . . . . . . . 1,202,885 2,045,007
Interest. . . . . . . . . . . . . . . . . . --- ---
Levies - Region. . . . . . . . . . . ---
- Schools . . . . . . . . . . 6 ,633,597 5,871,559
TOTAL EXPENSES 8,343,309 8,364,544
CASH on Hand as At Sept. 30, 1991 $29 ,365,655 $24 ,849 ,750
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 5,744, 734 $ 4, 161,565
Investments . . . . . . . . . . . . . . . 23 ,620,921 20,688, 185
$29 ,365, 655 $24, 849 ,750
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of September, 1991
1991 1990
Balance Receivable- Aug. 31/91 $ 2,515,964 $ 1,591, 312
Additions: Penalties & Interest. . 56,825 46,325
Taxes Billed. . . . . . . . . . 12,537,930 11,424,781
15, 110,719 13,062,418
Reductions:Payments and
Adjustments . . . . . . . . . . . 8,507,226 7,842, 102
Balance Receivable-Sept. 30, 1991 $ 6,603,493 $ 5,220,316
STATISTICAL INFORMATION
for the Month of September, 1991
Payment Received - Taxes 11,546
- Other 1,045
Tax Certificates Issued 271
Dog Licenses Issued 15
Burial Permit Issued 32
Accounts Payable Cheques Issued 1, 186
Cheque # 5207 to 5235
17057 17423
02139835 02140248
02149826 02150233
i
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of September 30, 1991
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL
a) Toronto-Dominion 993,240 8 .56 29D Oct. 10th
b) C. I .B.C. 999,307 8.51 33D Oct. 21st
c) Scotia 2,200,000 8 . 30 41D Oct. 31st
d) C. I .B.C. 1,999, 162 8 .51 34D Oct. 24th
e) Toronto-Dominion 989,880 8 .48 44D Nov. 6th
f) Scotia 1,500,000 8 . 375 15D Oct. 9th
g) Royal 991,380 8 .58 37D Nov. 6th
h) Scotia 987, 160 8 .48 56D Nov. 25th
RESERVE
a) Royal 2 ,266,213 8. 64 63D Oct. 18th
b) Montreal 985,230 8 .55 64D Oct. 30th
c) Montreal 1,279,915 8 .55 67D Nov. 5th
d) Royal 992,850 8.48 31D Oct. 18th
e) Toronto-Dominion 1,985,640 8 .51 31D Oct. 18th
f) Toronto-Dominion 1,489,230 8 .51 31D Oct. 18th
g) Royal 987,350 8 .50 55D Nov. 12th
h) Montreal 1,974,700 8 .50 55D Nov. 12th
i) C. I .B.C. 999,664 8.45 36D Oct. 30th
23,620,921
LOT LEVIES - September, 1991
Eiram Dev. Corp Pt. Lot 10, C.2 $ 2, 730 . 00 LD 198/91
Bowmanville
W. Skinner Pt. Lot 6, 7, C.7 $ 2,894 .00 LD 256/90
Darlington
Kingsberry Properties Pt. Lot 31, C.2 $ 52,788 .50 1OM834
Darlington
H. Kassinger Pt. Lot 32, C.3 $162,083 . 00 1OM826
Darlington
Murray & Jean Payne Pt. Lot 7, C.2 $ 5,788. 00 LD 156 &
Clarke 157/91
Ridge Pine Park BF Conc . $ 3,075.00 Lots 169,
Darlington & Clarke 170, 172,
604, 690
M. Elliott Pt. Lot 5, BFC $ 2,894 . 00 LD 451/90
Clarke
Macourtice Dev. Pt. Lot 30, C.2 $ 81,041.50 18T86073
Darlington
A & R Buckley Constr. Pt. Lot 12, C. 1 $ 2,974 . 00 LD 214/91
Bowmanville
Melody Homes Pt. Lot 10, C.2 $389,594 . 00 18T89041
Bowmanville
Walter & Gail Stapleton Pt. Lot 31, C.6 $ 2,894 . 00 LD 166/90
Clarke
P. Cleminom BF Conc . $ 615 .00 Lot 245
(Wilmot Creek) Darlington & Clarke
Taunton Terrace Ltd. Pt. Lot 35, C.2 $ 2,974 . 00 LD 221/91
Darlington
Harold Simpson Pt. Lot 19, C.4 $ 2,894 . 00 LD 244/91
Clarke
Veltri & Son Corp. Pt. Lot 11, C.2 $ 14,870 .00 18T89017
Bowmanville
$730, 109 .00