HomeMy WebLinkAboutTR-38-84 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 MAY 22, 1984
REPORT NO. : TR-38-84
SUBJECT: ACTIVITY REPORT - APRIL 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 April 1984 is as shown on the attached
schedule; and
2. That the expenditures for the month of April
1984 be approved.
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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
April 1984.
Respectfully submitted ,
-4<<�
Kathryn A. Campbell , C.A. , B.Canm. ,
Treasurer.
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R83-CF-2
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of April 1984
CASH on Hand at March 31, 1984 $2,600,416
Total Capital For General Operating Purposes
Taxes 11-83311415
Grants 807,830
Interest - Reserves 28,492
General 5,304
Other 232,568
Total Cash Available $5 ,508,025
Use of Funds
Capital Projects
General Expenditures
Debt Charges 133
Payroll 172,087
General Fund 484,426
Interest -
Levies - Region 740,101
- Schools -
$1 ,396,747
Reserve and Reserve Funds
Expenditures
Cash on Hand as at April 30, 1984 $4,111,277
ANAYSIS AS FOLLOWS:
Cash $2 ,611 ,277
Investments 1 ,500,000
$4,111,277
CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR $3,365,367
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of April 30, 1984
INTEREST DUE
INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE
1 . Victoria & Grey Trust $1 ,500,000 9.25% 87 D June 29/84
2. Toronto Dominion Bank $1 ,000,000 9.75% 59 D June 29/84
N.B. Invested on May 2/84
3.
4.
5.
6.
7.
8.
9.
10.
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of April 1984
Balance Receivable - March 31, 1984 $1 ,406,945
Additions: Penalties & Interest 27,277
Taxes Billed 3,635,829
5,070,051
Reductions: Payments Received 1,833,415
Balance Receivable - April 30, 1984 $3 ,236,636
STATISTICAL INFORMATION
for the Month of April 1984
Payment Received - Taxes 5,243
- Other
Tax Certificates Issued 97
Dog Licenses Issued 922
Burial Permit Issued 32
Accounts Payable Cheques Issued 759
Cheque # 6349653 to
6555782 6556058
43766 43782
27634 2//89