HomeMy WebLinkAboutTR-57-84 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 JUNE 18, 1984
REPORT NO. : TR-57-84
SUBJECT: ACTIVITY REPORT - MAY 1984
RECOMMENDATION:
It is respectfully recommended that the General Purpose and
Administrative 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 May 1984 is as shown on the attached
schedule; and
2. That the expenditures for the month of May
1984 be approved.
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TR-57-84 - 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
May 31 1984.
Respectfully submitted ,
hF' Kathryn A. Campbell , C.A. , B.Comm. ,
Treasurer.
KAC:RCB:gf
R83-CF-2
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of May 1984
CASH on Hand at April 30, 1984 $4,111,277
Total Capital For General Operating Purposes
Taxes 991,266
Grants 778,963
Interest - Reserves 5,784
General 3 ,899
Other 189,865
Total Cash Available $6,081 ,054
Use of Funds
Capital Projects
General Expenditures
Debt Charges -
Payroll 250,394
General Fund 331 ,185
Interest -
Levies - Region -
- Schools -
$ ;575
Reserve and Reserve Funds
Expenditures
Cash on Hand as at May 31, 1984 $5,499,475
ANAYSIS AS FOLLOWS:
Cash $2 ,999,475
Investments 2,500,000
$5,499,475
CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR $3,667,468
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of May 1984
Balance Receivable - April 30, 1984 $3,236,636
Additions: Penalties & Interest 26,714
Taxes Billed -
3,263,350
Reductions: Payments Received 991,266
Balance Receivable - May 31, 1984 $2 ,272 ,084
STATISTICAL INFORMATION
for the Month of May 1984
Payment Received - Taxes 2,920
- Other
Tax Certificates Issued 104
Dog Licenses Issued 335
Burial Permit Issued 8
Accounts Payable Cheques Issued 934
Cheque # 6733893 to
675163 6915436
711bZ12 /116409
27897 . 28153
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of May 31, 1984
INTEREST DUE
INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE
1 . Victoria & Grey Trust $1 !1500,000 9.50% 87 D June 29/84
2 . Toronto Dominion Bank $1 ,000,000 9.75% 59 D June 29/84
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