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HomeMy WebLinkAboutTR-2-85 /o•6-1 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 JANUARY 7, 1985 REPORT NO. : TR-2-85 SUBJECT: ACTIVITY REPORT - NOVEMBER 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 November 30th 1984 is as shown on the attached schedule; and 2. That the expenditures for the month of November 1984 be approved. TR-103-84 - 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 November 30th 1984 and the comparative information for the month ended November 30th 1983. Respectfully submitted, k- Kathr ��A. Campbel 1 , C.A. , B.Comm., Treasurer KAC:RCB:gf R84-AR-2 i i CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of November 1984 1984 1983 CASH on Hand at October 31 $6312689815 $59284,635 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. .. . . . . . . . . .. . .. . . . .. .. . . . .. . . . . . .. 35051964 237,056 Grants . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. - 543,993 Interest .. . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . 5,033 4,258 General . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . 53,812 29,577 Other .. . . .. . .. . . . .. . . . .. . . . . . . . . . . . . . . . . . 238,670 302,178 Total Cash Available . . .. . . . . . . . . . . . . . . . . . . . $6,917,294 $6,401,697 USE of funds Expenditures 28,669 29,184 Debt Charges .. .. . .. .. . . . . . . . . . . . . . . . . . . . . 2745,395 184,480 Payroll .. . .. . . . . . . . . . . . . . .. . . . . . . . . . . . . . . 8535,830 794,313 General .. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . Interest .. . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . Levies - Region .. . . . . . . . . . . . . . . . . . . . .. . .. - Schools ... .. .. . . . . . . . . . . . . . . . . . . $1 ,156,894 $1 ,007,977 CASH on Hand as at November 30 $5,760,400 $5,393,720 i ANALYSIS as follows Cash ... . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . $1 ,760,400 $3,143,720 Investments .. . . . . . . . . . .. . . .. . . . . . . . . . . . . . 4,000,000 2,250,000 $5,760,400 $5,393,720 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of November 1984 1984 1983 Balance Receivable - October 31 $21,7561,463 $21,5755,822 Additions: Penalties & Interest .. . . . . . . . . . . . 26,715 26,20 Taxes Billed . . . . . .. .. . . . . . . . . . . . . 45,367 46,578 72,082 72 ,778 Reductions: Payments Received . . . . . . . . . . . . . . . 350,964 243,224 Balance Receivable - October 31 $2 ,477,581 $2 ,405,376 STATISTICAL INFORMATION for the Month of November, 1984 Payment Received - Taxes 541 - Other 799 Tax Certificates Issued 97 Dog Licenses Issued 13 Burial Permit Issued 10 Accounts Payable Cheques Issued 1175 Cheque # 344071 to 344336 577909 578116 745783 746053 43898 43911 29888 30318 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of November 30, 1984 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE 1 . Victoria & Grey Trust $ 500,000 10.50 34 D Dec. 3 2. Victoria & Grey Trust $2 ,000,000 11 .25 77 D Dec.14 3. Victoria & Grey Trust $1,500,000 10.50 30 D Dec.14