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Home My WebLink AboutTR-91-84 ,01 'yc- 3cb� 4 RATION 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 NOVEMBER 19 1984 REPORT NO.: TR-91-84 SUBJECT: ACTIVITY REPORT - OCTOBER 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 October 31st 1984 is as shown on the attached schedule; and 2. That the expenditures for the month of October 1984 be approved. v, TR-91-84 - 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 October 31st 1984 and the comparative information for the month ended October 31st 1983. 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 October 1984 1984 1983 CASH on Hand at September 30 $5,0789944 $59607,495 Total Cash for General Operating and Reserve Fund Purposes: Taxes ... . . ... . . . . .. . . . . . . . . . . ... . . . . . . . . . 19375,336 1 ,0019146 Grants .. . . . . . . . . .. . .. . . . . . . . . . . . . . . . . . . . . 306,453 2839690 Interest ... . . . . . ... .. . . . . .. . . . .. . . . . . . . . . 4,579 19100 General .. .. . . . . . . .. . . . . . . . . . . .. . .. . . . . . . . 2310519 4,562 Other ... . . . .. . . . . . . . . . . . . . . . . .. . . . . . . . . . . 209,498 130,358 Total Cash Available $6,99 7,329 $7,028,351 .r USE of funds Expenditures Debt Charges .. . . . . . . . . . . . . . . . ... . . . . . . . . . 10,575 Payroll . . . . . . . . . . . . .. . . . . . . . . .. . . . . . . . . . . 183,825 1919526 General . . .. . . . . . . .. . . . .. . . . . . .. . . . . . . . . . . 385,229 803,787 Interest ... . . . . . . . . . . . . . . . . .. . .. . . . . . . . . . Levies - Region .. .. .. . . . . . . . . . . . . .. . . .. .. 7799175 7379828 - Schools ... . . . . . . . . .. . . . . . . . . . . . . $193489229 $1 ,743,716 CASH on Hand as at October 31 $5,649,100 $5_,284,635 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . .. . .. . . . . . . . . . . . . $1 ,149,100 $19284,635 Investments .. . . . . .. .. . . . . . . . . . . . . . . . . . . . . 49500,000 49000,000 $596499100 $5,28_4,635 CORPORATION OF THE TOWN OF NEWCASTLE 3�/ CONTINUITY OF TAXES RECEIVABLE for the Month of October 1984 1984 1983 Balance Receivable - September 30 $3,821,139 $3,519,989 Additions: Penalties & Interest ... . . . . . . . . . . 309686 28,953 Taxes Billed . . . . . . . . . . . . . . . . . . . . . 49,974 28,026 3,9019799 3,576,968 Reductions: Payments Received .. . . . . . . . . . . . . . 1,375,336 1 ,0019146 Balance Receivable - October 31 $29526,463 $2 ,575,822 STATISTICAL INFORMATION for the Month of October 1984 Payment Received - Taxes 2806 - Other 1149 Tax Certificates Issued 86 Dog Licenses Issued 40 i Burial Permit Issued 20 Accounts Payable Cheques Issued 849 Cheque # 8864681 to 8864938 148512 148720 43885 43897 29514 29887 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of October 31st 1984 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE 1 . Victoria & Grey Trust 290009000 11.25 75D Nov. 14 2. Victoria & Grey Trust 29000,000 11 .25 77D Dec. 14 3. Victoria & Grey Trust 5009000 10.50 34D Dec. 3 4. 5. 6. 7. 8. 9. 10.