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HomeMy WebLinkAboutTR-64-83 CORPORATION OF THE TOWN OF NEWCASTLE 5(0J n 40 TEMPERANCE STREET BOWMANVILLE, ONTARIO L1C3A6 TELEPHONE 623-3379 REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING HELD ON SEPTEMBER 19 1983. TR-83- 64 SUBJECT: ACTIVITY REPORT - AUGUST 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 August 31 , 1983 is as shown on the attached schedule; and 2. That the expenditures for the month of August 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, Kathry Calhpbel 1 ,PC.A. , B.Comm.', Treasurer. KAC:RCB:gf R83-CF-2 CORPORATION OF THE TOWN OF NEWCASTLE \ Analysis of Cash Position for the Month of August 1983 CASH on Hand at July 29 1983 $5,607,343 Source of Funds Tax Capital Purposes Grants . . , . . , .. . , , . . . o . . , , . . . . Public Subscriptions . . . . . . . . . From Reserves and Reserve Funds . . . . . . . . . . . . . . . . Total Capital For General Operating Purposes Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 248,131 Grants . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . -- Interest- Reserves 13,324 - General 42,122 Other . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . 352,711 Total Cash Available . . . . . . . . . . . . . . . . . .. .. . . . . . . . . . . . . . . . $6,263,631 Use of Funds CapitalProjects . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . -- General Expenditures Debt Charges 62,715 Payroll . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . 204,533 General Fund . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . 640,334 Interest . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . -- Levies - Region . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . 737,829 - Schools . . . . . . . . . . . . ... . . . . . . . . . . . . . . -- 1 ,645,411 Reserves and Reserve Funds Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i Cash on Hand as at August 3 , 198 3 . . . . . . . .. . . . . . . . . . . . . . . . �— ANALYSIS AS FOLLOWS: I Cash . . . . . . .. . . . . . . . . . . . . . . $1 ,368,220 Investments 3,250,000 $4,618,220 I CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR WAS $5,478,a58 I i I I CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of 1983 Balance Receivable - August 31 , 1983 . . . . . . . . . X1 ,588,121 Additions: Penalties & Interest . . . . . . . o . . . . . . . . 24,865 Taxes Billed . . . . . . . . . . . . . . . . . . . . . . . . 47,030 1 ,660,016 Reductions: Payments Received . . . . . . . . . . . . . . . . . . 248,131 Balance Receivable - August 31 , 1983 . . . . . . . . . $1 ,411 ,885 STATISTICAL INFORMATION for the Month of August 1983 Payment Received - Taxes 483 - Other Tax Certificates Issued 81 Dog Licenses Issued 314 Burial Permit Issued 18 Accounts Pyable Cheques Issued 843 Cheque # 3,108,107 to # 3,108,410 3,287,248 3,287,482 24,869 25,164 43,630 43,644 CORPORATION OF THE TOWN OF NEWCASTLE INVESTMENTS OUTSTANDING as of August 31 , 1983 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE 1 , Victoria & Grey Trust Co. 1 ,750,000 9.20 35 D Sept. 19 2. Victoria & Grey Trust Co. 1 ,500,000 9.25 81 D Sept. 30 3. 4. * Note: On September 1st we 5. invested with 6. Victoria & Grey Trust Co. 500,000 9.00 37 D Oct. 7 7. 8. 9. 10. i I i