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Home My WebLink AboutTR-15-83 ' CORPORATION OF THE TOWN OF NEWCASTLE 40 TEMPERANCE STREET BOWMANVILLE, ONTARIO LiC3A6 TELEPHONE 623.3379 REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING HELD MARCH 21, 1983. TR-83- 15 SUBJECT: ACTIVITY REPORT - FEBRUARY 1983 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 FEBRUARY 1983 is as shown on the- attached schedule; and 2. That the expenditure for the month of February1983 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, ` ai c� a ° Kat r o A. Campbell , C.A. , B.Comn. , Tre - er, KAC:RCB:gf d R83-CF-2 CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of February 1983 CASH on Hand at January 31 , 198 3 . . . . . . . . . . . . . . . . . . . . . . . . $ 1,964,508 Source of Funds Tax Capital Purposes Grants . > . . . — . . . . . . . . . .. . . . . . . oa . , o . . < . Public Subscriptions . . . . . . . . .. . . . . . . . . . . . . . . . From Reserves and Reserve Funds . . . . . . . . . . . . . . . . _ 1,964,508 Total Capital For General Operating Purposes Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,712,750 Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest- Reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,458 - General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,701 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 76.799 Total Cash Available . . . .. . . . . . . . . . . . . . ... . . . . . .. . . . . . . . . $ 4,769,216 Use of Funds CapitalProjects . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . General Expenditures DebtCharges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Payroll . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . 171,857 General Fund . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . 613,594 Interest . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . - Levies - Region . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Schools - 785,451 Reserves and Reserve Funds Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash on Hand as at February 28, 1983 $3,983,765 ANALYSIS AS FOLLOWS: Cash $3,983,765 Investments - $3,983,765 CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR WAS $3,418,261 CORPORATION OF THE TOWN OF NEWCASTLE IV , 5 CONTINUITY OF TAXES RECEIVABLE for the Month of February1983 Balance Receivable - January 31 , 1983 . . . . . . . . . 51,726,843 Additions: Penalties & Interest . .. . . . . . . . . . . . . . 28,096 Taxes Billed . . . . . . . . . .. . . . . . . . . . . . . . 3,201,092 4,956,031 Reductions: Payments Received . . . . . . . . . . . . . . . . . . 2,712,750 Balance Receivable - February 28, 1983 . . . . . . . . . $2,243,281 N.B. a further $804,602, has been received by March 4, 1983 STATISTICAL INFORMATION for the Month of February 1983 Payment Received - Taxes 10,194 - Other 155 Tax Certificates Issued 49 Dog Licenses Issued 358 Burial Permit Issued 12 Accounts Pyable Cheques Issued 840 Cheque # 43520 to # 43538 23173 23515 682422 682618 877372 877635 CORPORATION OF THE TOWN OF NEWCASTLE INVESTMENTS OUTSTANDING as of February 28, 1983 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE 1 , Nil 2. 3, 4. 5. 6. 8. 9. 10. N.B. Best investment rate offered 8%, we are receiving 82% on our deposit balances.