HomeMy WebLinkAboutTR-10-84 �G
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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 MARCH 5, 1984
REPORT NO. : TR-10-84
SUBJECT: ACTIVITY REPORT - JANUARY 1984
RECOMMENDATION:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
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 January 1984 is as shown on the attached
schedule; and
2. That the expenditures for the month of January
1984 be approved.
vi - 3O
- 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
January 1984.
Respectfully submitted,
.4,�
Kathryn A. Campbell , C.A. , B.Comm. ,
Treasurer.
KAC:RCB:gf
R83-CF-2
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of January 1984
CASH on Hand at December 31, 1983 $2,494,171
Source of Funds
Tax Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
2 , 94, 7
Total Capital
For General Operating Purposes
Taxes 379,541
Grants 176,350
Interest - Reserves 2.0,995
General 6,845
Other 5881491
Total Cash Available $3,666,393
Use of Funds
Capital Projects
General Expenditures
Debt Charges 5310101
Payroll 198,026
General Fund 794,208
Interest -
Levies - Region -
- Schools -
$1 ,045,335
Reserve and Reserve Funds
Expenditures
Cash on Hand as at January 31, 1984 $2,62111058
ANAYSIS AS FOLLOWS:
Cash $19121,058
Investments 1 ,500,000
$2 ,621,058
CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR $1,240,088
CORPORATION OF THE TOW1 OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of January 1984
Balance Receivable - December 31, 1983 $2,097,545
Additions: Penalties A Interest 42,642
Taxes Billed -
2,140,187
Reductions: Payments Received 3799541
Balance Receivable - January 31 , 1984 $1 ,760,646
STATISTICAL INFORMATION
for the Month of January 1984
Payment Received - Taxes 333
- Other 1095
Tax Certificates Issued 52
Dog Licenses Issued 208
Burial Permit Issued 20
Accounts Payable Cheques Issued 862
Cheque # 5222651 0
9408126 5409404
43767
26530 27091
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of January 31 , 1984
INTEREST DUE
INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE
1 . Victoria & Grey Trust Co. $1,500,000 9.25 61 Apr.
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