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Home My WebLink AboutTR-101-91 THE CORPORATION OF THE TOWN OF NEWCASTLE REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# F/0. 103A. No Date: November 18, 1991 Res. By-La Repot#: TR-10 1-9_1 File #: w# Subject: CASH ACTIVITY REPORT - OCTOBER, 1991 PART A Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-101-91 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 October 31, 1991, is as shown on the attached schedule; and 3 . That Part A of the expenditures for the month of October, 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 October 31, 1991 and the comparative information for the month ended October 31, 1990 . Respectfully submitted, Recommended for presentation to the Committee Marie A. Marano H.BSc . ,A.M.C.T. Lawrenct . Kotseff Treasurer Chief A istrative officer MAM/RS/ges CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of October, 1991 PART A 1991 1990 CASH ON HAND AT Sept.30, 1991 $29,365,655 $24,849,750 Total Cash for General Operating and Reserve Fund Purposes: Taxes . . . . . . . . . . . . . . . . . . . . . 863,350 1, 171,898 Grants . . . . . . . . . . . . . . . . . . . . 1,429,419 34,669 Interest-Reserve Funds . . . . 89,880 94,867 -General Funds . . . . 64,362 140,665 Other. . . . . . . . . . . . . . . . . . . . . 1,752 ,028 763, 376 Total Cash Available. . . . . . . . . $33,564,694 $27,055,225 USE of funds Expenditures Debenture Charges . . . . . . . . . --- --- Payroll. . . . . . . . . . . . . . . . . . . 468,334 418,479 General. . . . . . . . . . . . . . . . . . . 2,291, 191 2,086,238 Interest. . . . . . . . . . . . . . . . . . --- --- Levies - Region. . . . . . . . . . . 2, 102,480 2,084,662 - Schools. . . . . . . . . . --- --- TOTAL EXPENSES 4,862 ,005 4,589,379 CASH on Hand as At Oct.31, 1991 $28,702, 689 $22 ,465, 846 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . $ 4,816, 132 $ 2, 126,546 Investments . . . . . . . . . . . . . . . 23,886 ,557 20,339,300 $28,702 ,689 $22,465,846 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the month of October, 1991 1991 1990 Balance Receivable- Sept. 30,1991 $ 6,603,493 $ 5,220,316 Additions: Penalties & Interest. . 79,244 64,741 Taxes Billed. . . . . . . . . . 222,642 836,074 6,905,379 6, 121, 131 Reductions :Payments and Adjustments . . . . . . . . . . . 8980,034 1,172,479 Balance Receivable-Oct. 31, 1991 $ 6,007,345 $ 4,948,652 STATISTICAL INFORMATION for the Month of October, 1991 Payment Received - Taxes 1,013 - Other 1, 167 Tax Certificates Issued 461 Dog Licenses Issued 1 Burial Permit Issued 27 Accounts Payable Cheques Issued 1,255 Cheque # 5236 to 5265 17424 17910 02160384 02160774 02171064 02171478 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of October 31, 1991 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE GENERAL a) Toronto-Dominion 989,880 8 .48 44D Nov. 6th b) Royal 991,380 8 .58 37D Nov. 6th c) Scotia 987, 160 8 .48 56D Nov. 25th d) Montreal 991,590 8 .60 36D Nov. 6th e) Scotia 1,300,000 8 . 35 65D Dec. 13th f) Scotia 1,000,000 8 . 35 65D Dec. 13th g) C. I.B.C. 999,895 8 .44 61D Dec. 10th h) Royal 2,999,493 8 . 15 56D Dec. 13th i) C. I.B.C. 999,593 8 . 09 56D Dec . 13th j ) Toronto-Dominion 988,320 8 . 14 53D Dec. 13th k) C. I.B.C. 1,499,471 8 .25 34D Nov. 27th RESERVE a) Montreal 1,279,915 8.55 67D Nov. 5th b) Royal 987,350 8 .50 55D Nov. 12th c) Montreal 1,974,700 8 .50 55D Nov. 12th d) Toronto-Dominion 985,560 8 .49 63D Dec. 17th e) Toronto-Dominion 1,960, 180 8 . 15 91D Jan. 17th f) Toronto-Dominion 980,090 8 . 15 91D Jan. 17th g) Montreal 1,971,980 7 . 98 65D Jan. 3rd 23,886,557 LOT LEVIES - October, 1991 M. Pojasoka-Senyk Pt. Lot 35, C.4 $ 5,788 .00 LD89 & 90/91 Darlington 812746 Ontario Ltd Pt. Lot 9, C.2 $ 8,922 .00 LD227 - (Doug Farrow) Bowmanville 229/91 A. Bedwin Pt.Lot 18, 19, BFC $ 2,894.00 LD 78/91 Clarke Ashdale Capital Corp. Pt. Lot 9, C.2 $ 94,813.50 18T88024 Bowmanville West Bowmanville Dev. Pt.Lot 15, 16, C. 1 $151,998.50 18T88046 Bowmanville Durham Region Pt.Lot 9, 10, C.2 $180, 180. 00 DEV 91-007 Non-Profit Housing Bowmanville B & L James Pt. Lot 3, C.6 $ 2,894.00 LD 410/90 Clarke 671461 Ontario Ltd. Pt. Lot 13, C.2 $ 12,639 .50 18T87005 Bowmanville $460, 129 .50