HomeMy WebLinkAboutTR-3-83 4 itD
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CORPORATION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
L1C3A6 TELEPHONE 623.3379
REPORT TO THE GENERAL PURPOSE 'AND ADMINISTRATION COMMITTEE MEETING OF
JANUARY 17, 1983.
TR-83-3
SUBJECT: ACTIVITY REPORT - December 1982
RECOMMENDATION:
It is respectfully recommended:
1. That in accordance with provision of Chapter 302, Section 81(1 )
of The Municipal Act R.S.O. 1980, as restated, in part, below:
"The Treasurer shall receive and safely keep all money of the
Corporation, and shall pay out same to such persons and in such
manner as the laws of Ontario and the by-laws or resolutions of
the council direct,"
the Treasurer reports to Committee that the cash position of the
Town of Newcastle for the month ended December 31st,1982 is as
shown on the attached schedule; and
2. That the expenditure for the month of December 1982 be
approved.
BACKGROUND AND COMMENTS:
The attached schedules indicate the Town of Newcastle's cash transactions, the
cash and investment position, and statistical information for the month ended.
Respectfully submitted,
W
A. Campbell , C.A. , B.Com. ,
Treasurer.
Cm:gf
R82-CF-2
Analysis of Cash Position
for the month of December 1982
Cash on hand at 3,680,489
Source of Funds
For Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
Total Capital
For General Operating Purposes
Taxes 360,359
Grants 327,710
Interest - Reserves 16,334
- General 12,486
Other 363,471
Total Cash Available 4,760,849
Use of Funds
Capital Projects
General Expenditures
Debt Charges 5,882
Payroll 251,898
General Fund 489,745
Interest -
Levies - Region -
- Schools 1,748,775
Reserves and Reserve Fund
Expenditures 2,496,300
Cash on Nand 2,264,549
Analysed as follows:
Cash 2,264,549
Investments -
2,264,549
Cash position for the same period for the prior
year was
CONTINUITY OF TAXES RECFIVABLE
for the month of December 1982
Balance Receivable - November 30, 1982 $ 2,241,113
Additions: Penalties R Interest g 24,278
Taxes Billed -
2,265,391
Reductions: Payments Received 405,195
Balance Receivable - December 31, 1982 $ 1,806,196
STATISTICAL INFORMATION
for the month of December 1982
Payment Received - Taxes. . . . . . . . . . . . . 681, , , , . . . . .
- Other. . . . . . . . . . . . . 4$4. . . . . . . . .
Tax Certificates Issued. . . . . . . . . . . . . . . 57. . . . . . . . .
Doa Licenses Issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Burial Permit Issued . . . . . . . . . . . . . . . . . 1.. . . . . . . . .
Accounts Payable Cheques Issued . . . . . . . . .
Cheque # 8709457 to # 8709726
8909706 8909905
153457 153732
22202 22604
15998 16000
24001 -
43501 43502
i
1
.5�a1
Investments Outstanding
as of December 31, 1982
Interest
Investments placed with Amount Rate Terms Due Date
-----------------------------NIL --------------------------------------------------