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Home My WebLink AboutTR-41-83 .�1?. CORPORATION OF THE TOWN OF NEWCASTLE 40 TEMPERANCE STREET �l BOWMANVILLE, ONTARIO L1C3A6 TELEPHONE 623-3379 REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING HELD ON JUNE 20, 1983. TR-83-41 SUBJECT: ACTIVITY REPORT - MAY 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 May 30, 1983 is as shown on the attached schedule; and 2. That the expenditures for the month of May 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, a-C, ,,"IllAe,() .. Kathryn A. Campbell , C.A. , B.Comm. , Treasurer. 6:RCB:gf R83-CF-2 S�r -,-�V S�a� CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of MaY 1983 CASH on Hand at April 30 1983 . . . . . . .. . . . . . . . . . . . . . . . . 3 3,365,387• Source of Funds Tax Capital Purposes Grants . , > . . . . . . , . . . . . . a . . , . . . < . Public Subscriptions . . . . . . . . . . . . . . . . . . . . . . . . . . . From Reserves and Reserve Funds . . . . . . . . . . . . . . . . Total Capital For General Operating Purposes Taxes . . . . . . . . . . . . . . . . . . . 818,656. Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 767,241. Interest- Reserves 10,886. - General 3,769. Other . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104,646. Total Cash Available . . . . . . . . . . . . . . . . . . ... . . . . . .. . . . . . . . . $ 5,070,585. Use of Funds Capital Projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - General Expenditures Debt Charges . . . . . — . . . . . . . . . . . . . . . . . . . . . . . . . . 5,275. Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 178,887. General Fund . . . . . . . . . . . — _ . . . . . . . . . . . . . . . . . . 253,249. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Levies - Region . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . - Schools . . . . . . . . . . . . . . . . . . . . . 4 . . . . . . . Reserves and Reserve Funds Expenditures — . . . . . . . . . - Cash on Hand as' at May 31 1983 . . . . . . . . . . , , , , , , , , $ 4,633,174 ANALYSIS AS FOLLOWS: Cash . . . . . . . . . . . . . . . . . . . . . . $ 4,633,174. Investments . . . . . . . . . . . . - $ CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR WAS $ 3,667,468, CORPORATION OF THE TOWN OF NEWCASTLE s/ CONTINUITY OF TAXES RECEIVABLE for the Month of May 1983 Balance Receivable - April 30 1983 . . . . . . . . . S 2,8479420• Additions: Penalties & Interest . . . . . . . . . . . . . . . . 25,413. Taxes Billed . . . . . . . . . . . . . . . . . . . . . . . . - 2,872,833. Reductions: Payments Received . . . . . . . . . . . . . . . . . . 818,656. Balance Receivable - May 31 1983 . . . . . . . . . 5 2,054,177. STATISTICAL INFORMATION for the Month of May 1983 Payment Received - Taxes 2272 - Other 789 Tax Certificates Issued 207 Dog Licenses Issued 181 Burial Permit Issued 9 Accounts Pyable Cheques Issued 735 Cheque # 1799977 to # 1POO172 1971763 1982036 00 r CORPORATION OF THE TOWN OF NEWCASTLE INVESTMENTS OUTSTANDING as of May 31 1983 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE 1 . NIL 2. 3, 4. 5. 7. 8. 9. 10. Note: Current account interest rate better than short term investment rate.