HomeMy WebLinkAboutTR-63-84 CORPORATION OF THE TOWN OF NEWCASTLE
TREASURY DEPARTMENT K. CAMPBELL, G.A.,TREASURER
40 TEMPERANCE STREET TEL.(416) 623-3379
BOWMANVILLE, ONTARIO
L 1 C 3A6
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
MEETING OF JULY 169 1984
REPORT NO. : TR-63-84
SUBJECT: ACTIVITY REPORT - JUNE 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 June 1984 is as shown on the attached
schedule; and
2. That the expenditures for the month of June
1984 be approved.
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3(a)
TR-63-84 - 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
June 30, 1984.
Respectfully submitted ,
John R. Blanchard,
Deputy-Treasurer
J RB:RCB:gf
R83-AR-2
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of June 1984
CAS14 on Hand at May 31, 1984 $5,044,803
Total Capital for General Operating Purposes
Taxes 3,4675,997
Grants -
Interest - Reserves 399856
General 26,912
Other 1915-097
Total Cash Available $8,770,665
Use of Funds
Capital Projects
General Expenditures
Debt Charges -
Payroll 193,223
General Fund 879,202
Interest -
Levies - Region -
- Schools 2,289,410
$7,361 ,835
Reserve and Reserve Funds
Expenditures
Cash on Hand as at June 30, 1984 $6,4089,830
ANAYSIS AS FOLLOWS:
Cash $6,408,000
Investments -
$6,408,000
CASH POSITION FOR THE SAME PERIOD FOR THE PRIOR YEAR $4,873,366
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of June 1984
Balance Receivable - May 31, 1984 $2,272,084
Additions: Penalties & Interest 25$ 00
Taxes Billed 4,49611940
6,794,524
Reductions: Payments Received 31,4679997
Balance Receivable - June 30, 1984 $3 ,326,527
STATISTICAL INFORMATION
for the Month of June 1984
Payment Received - Taxes 8,839
- Other ,
Tax Certificates Issued 96
Dog Licenses Issued 615
Burial Permit Issued 12
Accounts Payable Cheques Issued 832
Cheque # 7316826 to
/b3/b96 1b31826
43805 43824
29T54 284b9
i
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of June 30, 1984
INTEREST DUE
INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE
on July 9th 1984
1 . Victoria & Grey Trust $1 ,000,000 11.0% 28 D July 31/84
2. Victoria & Grey Trust $2,000,000 11.625% 53 D Aug 31/84
3. Victoria & Grey Trust $2,00051000 11.75% 80 D Sept 28/84
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