HomeMy WebLinkAboutTR-2-84 4
CORPORATION OF THE TOWN OF NEWCASTLE
TREASURY DEPARTMENT K. CAMPBELL, C.A.,TREASURER
40 TEMPERANCE STREET TEL.(416) 623-3379
BOWMANVILLE, ONTARIO
L1C 3A6
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
MEETING OF JANUARY 16, 1984
REPORT NO. : TR-84-2
SUBJECT: ACTIVITY REPORT - DECEMBER 1983
f
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 December 1983 is as shown on the attached
schedule; and
2. That the expenditures for the month of December
1983 be approved.
r
tx,
- 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
December 1983.
Respectfully submitted,
xe Loa
Kathryn A. Campbell , C.A., B.Comm.,
Treasurer.
KAC:RCB:gf
R83-CF-2
i
I
i
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of December 1983
CASH on Hand at November 1983 $5,393,720
Source of Funds
Tax Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
Total Capital
For General Operating Purposes
Taxes 329,980
Grants 77,813
Interest - Reserves 28,828
General 24,816
Other 356,034
Total Cash Available $6,211,191
Use of Funds
Capital Projects
General Expenditures
Debt Charges -
Payroll 275,448
General Fund 1,363,897
Interest -
Levies - Region -
- Schools 2,077,675
$3,717,020
Reserve and Reserve Funds
Expenditures
Cash on Hand as at December 31, 1983 $2,494,171
ANAYSIS AS FOLLOWS:
Cash $1,244,171
Investments 1,250,000
$2,494,171
CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR $2,264,549
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of December 31,1983
INTEREST DUE
INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE
1 . Victoria & Grey Trust Co. $1,250,000 9.40 46D Jan.
31/84
2
3.
4.
5.
6.
7.
8.
9.
10.
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of December 1983
Balance Receivable - November 30, 1983 $2,405,376
Additions: Penalties & Interest 22,149
Taxes Billed -
2,427,525
Reductions: Payments Received 329,980
Balance Receivable - December 31, 1983 $2,097,545
STATISTICAL INFORMATION
for the Month of December 1983
Payment Received - Taxes 586
- Other
Tax Certificates Issued 64
Dog Licenses Issued 48
Burial Permit Issued 11
Accounts Payable Cheques Issued 1161
Cheque # 4621461 to 4621738
4845927 6
b074816 5075121
26158 26529
43695 53706