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CORPORATION OF THE TOWN OF NEWCASTLE
TREASURY DEPARTMENT K. CAMPBELL, C.A.,TREASURER
40 TEMPERANCE STREET TEL.(416) 623-3378
BOWMANVILLE, ONTARIO
L1C 3A6
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
MEETING OF MARCH 19, 1984
REPORT NO. : TR-17-84
SUBJECT: ACTIVITY REPORT - FEBRUARY 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
362, Section 81(1) of the Municipal Act, R.S.O.
1986,
The Treasurer reports to Committee that the cash
position of the Town of Newcastle for the month
ended February 29, 1984 is as shown on the attached
schedule; and
2. That the expenditures for the month of February
1984 be approved.
- 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
February 1984.
Resnectfully submitted ,
� . J-6 q)i
Kathryn A. Campbell , C.A. , B.Comm. ,
' Treasurer.
KAC:RGB:gf
R83-CF-2
i
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of February 1984
CASH on Hand at $2,621,058
Source of Funds
Total Capital
For General Operating Purposes
Taxes 2,926,303
Grants l0,OOO
Interest - Reserves 5,488
General 794
Other 184,285
Total Cash Available $5,747,928
Use of Funds
General Expenditures
Debt Charges
Payroll 179,921
General Fund 5141,035
Interest 3,923
Levies - Region 740,102
- Schools -
$1 ,437,981
Cash on Hand as at February 29, 1984 $4$ 09,947
ANAYSIS AS FOLLOWS:
Cash $2 ,809,947
Investments 1,500,000
$4 ,309,947
CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR $3,983,765
3�6)
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of FEBRUARY 1984
Balance Receivable - January 31, 1984 $1,760,646
Additions: Penalties & Interest 23,894
Taxes Billed 3,654,830
5,439,370
Reductions: Payments Received 2,926,303
Balance Receivable - $2 ,513,067
STATISTICAL INFORMATION
for the Month of FEBRUARY 1984
Payment Received - Taxes 9,748
- Other
Tax Certificates Issued 97
Dog Licenses Issued 311
Burial Permit Issued 16
Accounts Payable Cheques Issued 678
Cheque # 43,738 to ,750
27,0c)2 ,
5 $7c)7,266 ,
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of FEBRUARY 29, 1984
INTEREST DUE
INVESTMENT PLACED KITH AMOUNT RATE TERMS DATE
1. Victoria & Grey Trust $1,500,000 9 1/4 61 Apr.
2/84
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