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HomeMy WebLinkAboutTR-7-83 KHO+YLfDGEµD f 0 .� / A `V !�j o�0 CORPORATION OF THE TOWN OF NEWCASTLE 40 TEMPERANCE STREET BOWMANVILLE, ONTARIO L1C3A6 TELEPHONE 623-3379 REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING HELD FEBRUARY 21, 1983, TR-83-7 SUBJECT: ACTIVITY REPORT - JANUARY 1983 RECOMMENDATION: It is respectfully recommended: to 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 January 31, 1983 is as shown on the attached schedule; and 20 That the expenditure for the month of January 1983 be approved. BACKGROUND AND COMMENTS: The attached schedules indicate the Corporation of the Town of Newcastle's cash transactions, the cash and investment position, and statistical information for the month ended. Respectfully submitted, KathTA. Campbell , C.A. , B.Comm. , dC`7R' Treasurer, CB:gf 04.02083 R83-CF-2 '�V��7 1✓ CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of January 1983. CASH on Hand at December 31, 1982 . . . . . . . . . . . . . . . .. . . . . . . . . $2,264,549. Source of Funds Tax Capital Purposes Grants . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . - Public Subscriptions . . . . . . . . . . . . . . . . . . . . . . . . . . . - From Reserves and Reserve Funds . . . . . . . . . .. . . . . . - Total Capital For General Operating Purposes Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181,182 Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Interest - Reserves 8,406 - General 10,011 Other . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 172,235 Total Cash Available . . . .. . . . . . . . . . . . ... . . . . . . . . . . . . . . . . . $ 36,383 Use of Funds Capital Projects . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . - General Expenditures Debt Charges . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . 52,326 Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 161,484 General Fund . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . 463,947 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Levies - Region . . . . . . . . . . . . . . . . .. . . .. . . . . . . . . - - Schools . . . . . . . . . . . . . . . . . .. . . . . . . . . . . - 677,757 Reserves and Reserve Funds - - Expenditures . .. . . . . . . .. . . . . . . . . . . . . . . .. . . . . . . . . - Cash on Hand As at January 31, 1983. . . . . . . . . . . . . . . . . . . . . . . . . $1.958,626 ANALYSIS AS FOLLOWS: Cash . . . . . . . . . . . . . . . . . . . . . . $1,958,626 Investments . . . . . . . . . . . . . . . - $1 ,958,626 CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR WAS $ 66,000 CORPORATION OF THE TOWN OF NEWCASTLE �(a) CONTINUITY OF TAXES RECEIVABLE for the Month of January 1983 Balance Receivable - December 31, 1982 . . . . . . .. . $1,860,196 Additions: Penalties & Interest . . . . . . . . . . . .. . . . 47,829 Taxes Billed . . . ; . . .. . . . . . . . . .. . . . . . . - 1,908,025 Reductions: Payments Received . .. . . . . . . . . . . . . . . . 181,182 Balance Receivable - January 31, 1983 . , . . . . . . . $1,726,843 STATISTICAL INFORMATION for the Month of January 1983 Payment Received - Taxes 346 - Other 758 Tax Certificates Issued 49 Dog Licenses Issued 167 Burial Permit Issued 16 Accounts Pyable Cheques Issued 835 Cheque # 297580 to # 297778 489952 490219 43503 43517 22605 22944 �- 5(a) CORPORATION OF THE TOWN OF NEWCASTLE INVESTMENTS OUTSTANDING as of January 31, 1983 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE 1 . nil nil nil nil nil 2. 3. 4. 5. 6. 7. 8. 9. 10. I