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Home My WebLink AboutTR-51-83 Ab CORPORATION OF THE TOWN OF NEWCASTLE 40 TEMPERANCE STREET BOWMANVILLE, ONTARIO L1C3A6 TELEPHONE 623.3379 REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING HELD ON SEPTEMBER 6, 1983. TR-83- 51 SUBJECT: ACTIVITY REPORT - JULY 1983 RECOMMENDATION: c 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 July 29, 1983 is as shown on the attached schedule; and 2. That the expenditures for the month of July 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, Kathryn A. Cafnpbell , C.A. , B.Comm. , Treasurer. KAC:RCB:gf R83-CF-2 t �� CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of July 1983 CASH on Hand at July 29 1983 , . — . . . . . . . . — . . . . . . . . . . 4,873,366. Source of Funds Tax Capital Purposes Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Public Subscriptions . . . . . . . . . . . . . . . .. . . . . . . . From Reserves and Reserve Funds . . . . . . . . . . . . . . . . Total Capital For General Operating Purposes Taxes . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,138,643. Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 460,500. Interest- Reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 ,422. - General 17,532. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 229.362. Total Cash Available . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,730,825. Use of Funds CapitalProjects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - General Expenditures DebtCharges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202,879. General Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 920,603. Interest . . .. . . . . . . . . . . . . . . . . . . . . . . . > . . . . . . - Levies - Region - - Schools 1 ,123,482. Reserves and Reserve Funds Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash on Hand as at July 29 1983 . . . . . . . . . . . $5.607.343• ANALYSIS AS FOLLOWS: Cash . . . . . . . . . . . . . . . . . . . . . . $ 607,343. Investments 5,000,000. $5,607,343. CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR WAS $4,638,060 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of July 1983 Balance Receivable - June 29 1983 . . . . . . . . . X2,709,639. Additions: Penalties & Interest . . . . . . . . . . . . . . . . 27,125. Taxes Billed . . . . . . . . . . . . . . . . . . . . . . . . 2,736,764. Reductions: Payments Received . . . . . . . . . . . . . . . . . . 1 ,138,643. Balance Receivable - July 29 198 3 . . . . . . . . . $1 ,588,121 . , I STATISTICAL INFORMATION for the Month of July 1983 Payment Received - Taxes 3152 - Other 1013 Tax Certificates Issued 97 Dog Licenses Issued 686 Burial Permit Issued 14 Accounts Pyable Cheques Issued 845 Cheque # 2781137 to # 2781438 2043950 2944184 43608 43629 24570 24868 i CORPORATION OF THE TOWN OF NEWCASTLE INVESTMENTS OUTSTANDING as of July 29 1983 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE 1 . Victoria & Grey Trust 2,500,000. 9.30 35 Days August 15 2. " 1 ,000,000. 9.25 51 Days August 31 3, " 1 ,500,000 9.25 81 Days Sept. 30 4. 5. 6. 7. 8. 9. 10.