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HomeMy WebLinkAboutTR-34-83 fV _ �Cb� �( CORPORATION OF THE TOWN OF NEWCASTLE �1� r 40 TEMPERANCE STREET !A BOWMANVILLE, ONTARIO LiC3A6 TELEPHONE 623-3379 REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING HELD ON MAY 16, 1983. TR-83- 34 SUBJECT: ACTIVITY REPORT - APRIL 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 April 30, 1983 is as shown on the attached schedule; and 2. That the expenditures for the month of April 30, 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, Kath A. Carhpbell , C.A. , B.Comm. , zr Treasurer. :RCB:gf :a R83-CF-2 7,�, ft A CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of 1983 CASH on Hand at March 31 198 S 2 ,206,314 Source of Funds Tax Capital Purposes Grants , . . . . . .. . . . . . . . . . . . . . . . . . . . . . Public Subscriptions . . . . . . . . . . . . . . . . . From Reserves and Reserve Funds . . . . . . . . . . . . . . . . Total Capital For General Operating Purposes Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,705,187. Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 846,106. Interest - Reserves 11 ,932. - General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,100. Other . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130,402. Total Cash Available . . . . . . . . . . . . . . . .. ... . . . . . . . . . . . . . . . . $ 4,916,041 Use of Funds CapitalProjects . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . General Expenditures DebtCharges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Payroll . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 167,892. General Fund 601 , 178. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Levies - Region 781 ,584. - Schools . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,550,654. Reserves and Reserve Funds Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash on Hand as at Apri l 30 , 1983 . . . . . . . . . . . . . . . . . . . — . . $ 3,365,387. ANALYSIS AS FOLLOWS: Cash a . . . . . . . . . . . . . . . . . . . . . $ 3 ,365,387. Investments - $ 3,365,387. CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR WAS $2,631,162. i CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of April 1983 Balance Receivable - April 30 , 198 . . . . . . . . . S 153465244. Additions: Penalties & Interest . . . . . . . . . . . . . . . . 26 ,423. Taxes Billed 3,179,940. 4,552,607. Reductions: Payments Received . . . . . . . . . . . . . . . . . . 1 ,705,1870 Balance Receivable - April 30 , 198 . . . . . . . . . 258475420. STATISTICAL INFORMATION for the Month of April 1983 Payment Received - Taxes 5144 - Other 522 Tax Certificates Issued 162 Dog Licenses Issued 45 Burial Permit Issued 16 Accounts Pyable Cheques Issued 778 Cheque # 23678 to # 24024 43563 43569 1457152 1457351 1607769 1608025 I CORPORATION OF THE TOWN OF NEWCASTLE INVESTMENTS OUTSTANDING as of Apri1 1983 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE 1 , NIL 2. 3a 4. 5, 6. 7. 8. 10. NOTE: Current account interest rate better than short term investment rate. i I