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HomeMy WebLinkAboutTR-21-83 y 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 ON APRIL 18 1983. TR-83- 21 SUBJECT: ACTIVITY REPORT - MARCH 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, The Treasurer reports to Committee that the cash position of the Town of Newcastle for the month ended March 31 , 1983 is as shown on the attached schedule; and 2. That the expenditures for the month of March 31 , 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, Ithryn Carhpbell , C.A. , B.Comm. , Treasur r. *CB:gf R83-CF-2 CORPORATION OF THE TOWN OF NEWCASTLE ` i Analysis of Cash Position for the Month of P1arch 1983 CASH on Hand at Feb. 28 1983 5 3,983,675. Source of Funds Tax Capital Purposes Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Public Subscriptions . . . . . . . . . . . . . . . . . . . . . . From Reserves and Reserve Funds . . . . . . . . . . . . . . . . 3,983,675. Total Capital For General Operating Purposes Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 998,080 Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Interest - Reserves 11 ,906 - General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,947 Other . .. . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 314,918 Total Cash Available . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,313,616 Use of Funds CapitalProjects . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . - General Expenditures Debt Charges . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . 7,386 Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168,978 General Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 384,441 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Levies - Region 742,375 - Schools 1 ,804,122 3,107,302 Reserves and Reserve Funds Expenditures . . . . . . . . . . . . . . . . . . . . . . . - Cash on Hand as at P1arch 31 198 . . . . . . . . . . — . . . . . . . . . . . $ 2,206,314 ANALYSIS AS FOLLOWS: Cash o . . . . . . . . . . . . . . . . . . . . . $ 2,206,314 Investments . . . . . - $ 2,206,314 CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR WAS $ 1 ,677,048 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of March 1983 Balance Receivable - Feb. 28 , 1983 . . . . . . . . . S 2,243,281 . Additions: Penalties & Interest . . . . . . . o . . . . . . . . 21 ,844 Taxes Billed - 2,265,125 Reductions: Payments Received . . . . . . . . . . . . . . . . . . 918,881 Balance Receivable - March 31 , 1983 . . . . . . . . . $ 1 ,346,244 STATISTICAL INFORMATION for the Month of March 1983 Payment Received - Taxes 3795 - Other 618 Tax Certificates Issued 114 Dog Licenses Issued 382 Burial Permit Issued 16 Accounts Pyable Cheques Issued 874 Cheque # 1053605 to # 1053844 1241305 1241564 43533 43562 23322 23677 CORPORATION OF THE TOWN OF NEWCASTLE INVESTMENTS OUTSTANDING as of March 1983 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE 1 . NIL 2. 3, 4. 5. 6. 7. 8. 9. 10. . Note: Current account interest rate better than short term investment rate. i