HomeMy WebLinkAboutTR-1-84 4
CORPORATION OF THE TOWN OF NEWCASTLE
TREASURY DEPARTMENT K. CAMPBELL, G.A., TREASURER
40 TEMPERANCE STREET TEL.(416) 623-3379
BOWMANVILLE, ONTARIO
L1C 3A6
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
MEETING OF JANUARY 3, 1984
REPORT NO. : TR-1-84
SUBJECT: ACTIVITY REPORT - NOVEMBER 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 November 1983 is as shown on the attached
schedule; and
2. That the expenditures for the month of November
1983 be approved.
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TR-84-1
- 2 -
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
November 30, 1983.
Respectfully submitted,
Kathryn A. Campbell , C.A., B.Comm. ,
Treasurer.
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KAC:RCB:gf
R83-CF-2
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of November 1983
CASH on Hand at October 31, 1983 $5,284,635
Source of Funds
Tax Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
Total Capital
For General Operating Purposes
Taxes 237,056
Grants 543,993
Interest - Reserves 4,258
General 29,577
Other 302,178
Total Cash Available $6,401,697
Use of Funds
Capital Projects
General Expenditures
Debt Charges 29,184
Payroll 184,480
General Fund 794,313
Interest _
Levies - Region _
- Schools _
Reserve and Reserve Funds $1,007,977
Expenditures
Cash on Hand as at November 30, 1983 $5,393,720
ANAYSIS AS FOLLOWS:
Cash $3,143,720
Investments 2,250,000
$5,393,720
CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR $3,680,489
S(a)
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of November 1983
Balance Receivable - October 31, 1983 $2,575,822
Additions: Penalties & Interest 26,200
Taxes Billed 46,578
2,648,600
Reductions: Payments Received 243,224
Balance Receivable - November 30, 1983 $2,405,376
STATISTICAL INFORMATION
for the Month of November 1983
Payment Received - Taxes 449
- Other
Tax Certificates Issued 71
Dog Licenses Issued 3
Burial Permit Issued 4
Accounts Payable Cheques Issued 862
Cheque # 4238718 to 4238999
29769 26157
43676 43694
5(4)
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of November 30, 1983
INTEREST DUE
INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE
1. Victoria & Grey Trust Co. $ 750,000 9.25 71D Dec.
15/83
2. Victoria & Grey Trust Co. $1,500,000 9.23 76D Dec.
15/83
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