Loading...
HomeMy WebLinkAboutTR-11-85 CORPORAT ION 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 FEBRUARY 18, 1985 REPORT NO. : TR-3-85 SUBJECT: ACTIVITY REPORT - JANUARY 1985 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 January is as shown on the attached schedule; and 2. That the expenditures for the month of January 1985 be approved. r� r V 360 TR-10-85 - 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 January 31st 1985 and the comparative information for the month ended January 31st 1984. Respectfully submitted, Kathry A. Campbell , C.A. , B.Canm. , Treasurer KAC:RCB:gf R85-AR-2 � CG) CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of January 1985 1985 1984 CASH on Hand at December 31 , 1984 $3,656,248 $ 2,494,171 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 449,062 379,541 Grants .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160,500 176,350 Interest .. . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . 5,060 20,995 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,912 65,845 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2739098 588,491 Total Cash Available .. . . . . . . . . . . . . . . . . . . . . . $4,552,880 $3 ,666,393 USE of funds Expenditures Debt Charges .. . . . .. . . . . . . . . . . . . . . . . . . . . . . 55,094 53,101 Payroll . . . . . . . . . . .. . . . . . . .. . . . . . . . . . . . . . . 196,053 198,026 General . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 418,434 794,208 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region . . . . . . . . . . . . . . . . . . . . . . . . . . - - - Schools . . . . . . . . . . . . . . . . . . . . . . . . . - - 669,581 1 ,045,335 CASH on Hand as at January 31, 1985 $3 ,883 ,299 $2 ,621,058 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1 ,883 ,299 $1 ,121,058 Investments .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000,000 1 $ 00,000 $3 ,883 ,299 $2 ,,621 ,058 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of January 1985 1984 1983 Balance Receivable - December 31 , 1984 $2,087,085 $2 ,097,545 Additions: Penalties & Interest .. . . . . . . . . . . . 21,106 21,350 Taxes Billed . ... . . . . . . . . . . . . . . . . . - 21,292 2 ,108,191 2,140,187 Reductions: Payments Received . . . . . . . . . . . . . . . 449,062 379,541 Balance Receivable - January 31 , 1985 $1 ,659,129 $1 ,760,646 STATISTICAL INFORMATION for the Month of January 1985 Payment Received - Taxes 340 - Other 977 i Tax Certificates Issued 96 Dog Licenses Issued 236 Burial Permit Issued 10 Accounts Payable Cheques Issued 771 Cheque # 1384271 to 1384492 1577273 1577554 43945 43951 30699 30961 CORPORATION OF 'THE TOWN OF NEWCASTLE Investments Outstanding As of January 31 , 1985 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Victoria & Grey Trust $2,000,000 10.00 76D Feb. 28/85