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HomeMy WebLinkAboutTR-47-83 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 ON JULY 18, 1983. TR-83- 47 SUBJECT: ACTIVITY REPORT - JUNE 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 June 30, 1983 is as shown on the attached schedule; and 2. That the expenditures for the month of June 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 n A. Cathpbell , C.A. , B.Comm. , Treasurer. C:RCB:gf R83-CF-2 SCE CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of June 1983 CASH on Hand at May 31 198 3 , 5 4,633,174. Source of Funds Tax Capital Purposes Grants . , . . , . . . . , . . . , . Public Subscriptions . . . . . From Reserves and Reserve Funds . . . . . . . . . . . . . . . . Total Capital For General Operating Purposes Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,835,607. Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150,000. Interest- Reserves 10,854. - General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,229. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 228,947. Total Cash Available . . . . . . . . . . . . . . . . . .. .. . . . . . .. . . . . . . . . $ 8,872,811 . Use of Funds CapitalProjects . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . > - General Expenditures Debt Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 280,140. General Fund . . 1 ,353,234. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ Levies - Region . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Schools 2,366,071 . 3,999,445, Reserves and Reserve Funds Expenditures . . . . . — . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash on Hand as at June 3() , 1983 . . . . . . . . . . . . . . . . . . . o . , . . $4,873,366, ANALYSIS AS FOLLOWS: Cash $4,873,366. Investments $4,873,366, CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR WAS 81 ,083,769, v �C� CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of June 1983 Balance Receivable - May 31 198 3 . . . . . . . . . $ 2,054,177. Additions: Penalties & Interest . . . . . . . . . . . . . . . . 29,265. Taxes Billed . . . . . . . . . . . . . . . . . . . . . . . . 4,461 ,804. 6,545,246. Reductions: Payments Received . . . . . . . . . . . . . . . . . . 3,835,607. Balance Receivable - June 30 , 198 3 . . . . . . . . . $ 2,709,639. STATISTICAL INFORMATION for the Month of June 1983 Payment Received - Taxes 9584 - Other 739 Tax Certificates Issued 186 Dog Licenses Issued 790 Burial Permit Issued 14 Accounts Pyable Cheques Issued 1031 Cheque It 2375652 to # 2375932 2589048 2589275 2186462 2186681 24286 24569 43583 43607 CORPORATION OF THE TOWN OF NEWCASTLE INVESTMENTS OUTSTANDING as of June 30 , 1983 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE 1 . NIL 2. 3a 4. 5. 6. 7. 8. 9. 10. Note: On July 11th/83 following investments made: $2,500,000. at 9.3 due Aug. .15 $1 ,000,000 at 9.25 due Aug. 31 $1 ,500,000 at 9.25 due Sept. 30