HomeMy WebLinkAboutTR-84-84 - 3
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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
L 1 C 3A6
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
MEETING OF OCTOBER 15, 1984
REPORT NO. : TR-84-84
SUBJECT: ACTIVITY REPORT - SEPTEMBER 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 September is as shown on the attached
schedule; and
2. That the expenditures for the month of September
1984 be approved.
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TR-84-84 - 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
September 30th 1984.
Respectfully submitted ,
Kathryn A. Campbell , C.A. , B.Comm. ,
Treasurer
KAC:RCB:gf
R84-AR-2
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of September 1984
CASH on Hand at August 31, 1984 $5,7573190
Total Capital for General Operating Purposes
Taxes 2,059,388
Grants -
Interest - Reserves 56$ 26
General 12,864
Other 119$ 22
Total Cash Available $8,005,290
USE of funds
General Expenditures
Debt Charges 191,856
Payroll 19511391
General Fund 431 ,079
Interest -
Levies - Region -
- Schools 2,280,020
$2 ,926,346
Reserve and Reserve Funds
Expenditures
CASH on Hand as at September 30, 1984 $5,078,944
ANAYSIS as follows
Cash $ 78,944
Investments 5,000,000
$5,078,944
CASH POSITION for the SAME PERIOD
for the PRIOR YEAR $5,284,635
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of September 1984
Balance Receivable - August 31 , 1984 $1 ,655,574
Additions: Penalties & Interest 34,591
Taxes Billed 4,190,362
5,880,527
Reductions: Payments Received 2,059,388
Balance Receivable - September 30, 1984 $3 ,821,139
STATISTICAL INFORMATION
for the Month of September 1984
Payment Received - Taxes 5,151
- Other 19318
Tax Certificates Issued 107
Dog Licenses Issued 25
Burial Permit Issued 16
Accounts Payable Cheques Issued 778
Cheque # 8,493,368 to 8,493,648
8,651 ,638 8,651 ,842
29,230 29,513
43,871 4331884
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of September 30, 1984
INTEREST DUE
INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE
1 . Victoria & Grey Trust Co. 1,000,000 11.00 60 D Oct. 30th
2. Victoria & Grey Trust Co. 2,000,000 11 .25 75 D Nov . 14th
3. Victoria & Grey Trust Co. 2,000,000 11.25 77 D Dec. 14th
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