HomeMy WebLinkAboutTR-83-82 ! g. '1 `
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CORPORATION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
L1C3A6 TELEPHONE 623-3379
ORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING
OF November 21, 1983
REPORT NO. : TR-83-82
SUBJECT: ACTIVITY REPORT - OCTOBER 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
October 1983 is as shown on the attached schedule;
and
2. That the expenditures for the month of October 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 October 31st,
1983.
Respectfully submitted,
VO-L�"uv-
Kathry . Campbell , C.A. , B.Comm. ,
Treasurer.
KAC:RCB:gf r
R83-CF-2
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of October 1983
CASH on Hand at September 30, 1983 $5,607,495
Source of Funds
Tax Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
Total Capital
For General Operating Purposes
Taxes 1,001 ,146
Grants 283,690
Interest - Reserves 1,100
General 4,562
Other 130,358
Total Cash Available $7,028,351
Use of Funds
Capital Projects
General Expenditures
Debt Charges 10,575
Payroll 191,526
General Fund 803,787
Interest -
Levies - Region 737,828
- Schools
$1,743,71-6
Reserve and Reserve Funds
Expenditures
Cash on Hand as at October 31, 1983 $5,284,635
ANAYSIS AS FOLLOWS:
Cash $1.284,635
Investments 4,000,000
$5,284,635
CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR $5,011,878
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of October 1983
Balance Receivable - September 30, 1983 $3,5195989
Additions: Penalties & Interest 28,953
Taxes Billed 28,026
3,576,968
Reductions: Payments Received 15001,146
Balance Receivable - October 31 , 1983 $2,575,822
STATISTICAL INFORMATION
for the Month of October 1983
Payment Received - Taxes 2,530
- Other 322
Tax Certificates Issued 102
Dog Licenses Issued 14
Burial Permit Issued 11
Accounts Payable Cheques Issued 802
Cheque # 4052157 to
3987223 3987496
25453 25768
43666
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of Ocotber 31, 1983
INTEREST DUE
INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE
1 . Victoria & Grey Trust Co. $ 75,000 9.15 33D Nov.
7/83
2. 1,000,000 9.20 56D Nov.
30/83
3. 750,000 9.25 71D Dec.
15/83
4. 1,500,000 9.23 76D Dec.
15/83
5.
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8.
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10.
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