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CORPORATION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
r L1C3A6 TELEPHONE 623-3379
RT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING
OF NOVEMBER 7, 1983
REPORT NO. : TR-83-75
SUBJECT: CASH ACTIVITY REPORT FOR SEPTEMBER 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
positon of the Town of Newcastle for the month ended
September 1983 is as shown on the attached schedule;
and
2. That the expenditures for the month of September
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 September 1983.
Respectfully submitted,
Kathryn A. Campbell , C.A. , B.Comm. ,
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Treasurer.
R83-CF-2
Ev
1,
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of September 1983
CASH on Hand at August 31, 1983 $4,618,220
Source of Funds
Tax Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
Total Capital
For General Operating Purposes
Taxes 2,489,158
Grants 9,000
Interest - Reserves 36,296
General 18,550
Other 304,197
Total Cash Available $7,425,421
Use of Funds
Capital Projects
General Expenditures
Debt Charges 41,165
Payroll 190,764
General Fund 38951581
Interest -
Levies - Region -
- Schools 2,085,097
Reserve and Reserve Funds
Expenditures
Cash on Hand as at September 30, 1983 $4,768,814
ANAYSIS AS FOLLOWS:
Cash $2,768,814
Investments 2,00051000
$4,768,814
CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR $4,039,842
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of September 1983
Balance Receivable - August 31, 1983 $111411,885
Additions: Penalties & Interest 31,962
Taxes Billed 4,463,300
5,907,147
Reductions: Payments Received 2,489,159
Balance Receivable - September 30, 1983 $3,417,989
STATISTICAL INFORMATION
for the Month of September 1983
Payment Received - Taxes 5,555
- Other 1,453
Tax Certificates Issued 67
Dog Licenses Issued 31
Burial Permit Issued 18
Accounts Payable Cheques Issued 815
Cheque # 3497184 to
3662263 3662471
41646 43664
25165 25452
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of September 30, 1983
INTEREST DUE
INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE
1 . Victoria & Grey Trust Co. $ 500,000 9.00 37D Oct.
7/83
2. 1,500,000 9.23 76D Dec.
15/83
3.
4.
5.
6.
7.
8.
9.
10.
NOTE: on October 5th, 1983 following Investments were made:
Victoria & Grey Trust Co. 750,000 9.15 33D Nov.
7/83
Victoria & Grey Trust Co. 1,000,000 9.20 56D Nov.
30/83
Victoria & Grey Trust Co. 750,000 9.25 71D Dec.
15/83