HomeMy WebLinkAboutTR-25-85 [�
CORPORATION OF THE TOWN OF NEWCASTLE
TREASURY DEPARTMENT x. CAMPBELL, C.A,TREASURER
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REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
MEETING OF MAY 0, 1985
REPORT NO. ; TR-25-85
SUBJECT: CASH ACTIVITY REPORT - MARCH 1985
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. 1080, the
Treasurer reports to Committee that the cosh position of
the Town of Newcastle for the month ended March is as
shown on the attached schedule; and
2^ That the expenditures for the month of March 1085 be
confirmed.
/
BACKGROUND AND COMMENTS:
The nffeohed schedules |ndinofo the Corporation of the Town of
Newcastle's cash transactions, the cash and investment
position, lot levy information and sfafisf|om| information for
the month ended March 31st 1985 and the comparative Information
for the month ended March 31sf 1084.
Respectfully submitted,
bw
Kef 8. Campbell , C.A., 8.Cmnm,,
asuror
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CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of March 1985
1985 1984
CASH on Hand at February 28, 1985 $6,842,043 $ 4,309,947
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes . . . . . . . . . . . . . 0 . . . . . . . . 0 . . . . . . . . 0 . . . . 936,129 1 ,130,016
Grants .. . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . - -
Interest .. . .. . . . . . . . . .. . . . . . . .. . . . . . . . . . . 4,701 2,637
General .. . . . . . . . . . .. . . . . . . . . . . . . . . . . 0 . . . . 5,665 3,414
Other .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 279,103 310,558
Total Cash Available .. . . .. . . . . . . . . . . . . . . . . . $8,067,641 $5,756,572
USE of funds
Expenditures
Debt Charges 5,908 -
Payroll . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 0 . . . . 1943,004 181 ,028
General . . . . . . . . . . . 0 . . . . . . . . . . 0 . . . . . 0 . . . . . 791 ,470 673,267
Interest .. . .. . . . . . . . . . . . . . . . . 00 . . . . . . . . . . - -
Levies - Region 770,388 -
- Schools - 2,261 ,861
1 ,761 ,770 3,116,156
CASH on Hand as at March 31 , 1985 $6,305,871 $2,640,416
ANALYSIS as follows
Cash .. . . . . . . . . . . . .. . . . . . . . . . . . . . . 0 . . . . . . . $2,055,871 $1 ,140,416
Investments 4,250,000 1 ,500,000
$6,305,871 $2,640,416
Note:
1985 - $2,275,628 paid to School Boards on April Ist
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of March 1985
1985 1984
Balance Receivable - February 28, 1985 $2,176,962 $2,513,067
Additions: Penalties & Interest 19,626 23,894
Taxes Billed . . . . . . . . . . . . . . . . . . . . . - -
2,196,588 2,536,961
Reductions: Payments Received . . . . . . . . . . . . . . . 936,129 1 ,130,016
Balance Receivable - March 31 , 1985 $1 ,260,459 $1 ,406,945
STATISTICAL INFORMATION
for the Month of March 1985
Payment Received - Taxes 2754
- Other 971
Tax Certificates Issued 106
Dog Licenses Issued 299
Burial Permit Issued 8
Accounts Payable Cheques Issued 825
Cheque # 2141307 to 2141522
2345791 2346071
43962 43988
31299 31603
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of March 31 , 1985
INTEREST DUE
INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE
a)Continental Bank $ 1 ,000,000 10.12% 38D April 1/85
b)Continental Bank 500,000 11 .02% 60D April 29/85
c)Continental Bank 750,000 11 .42% 90D May 29/85
e)Continental Bank 1 ,000,000 12.02% 180D Aug. 27/85
f)Toronto-Dominion Bank 1 ,000,000 11 .05% 27D April 1/85
CORPORATION OF THE TOWN OF NEWCASTLE
Lot Levies
for the month of March 1985
NAME LOCATION AMOUNT DESCRIPTION
HILL Hill Land Division $ 625.00 Lot Levy (1 Lot)
Lot 22, Conc. 7 To clear Town
Darlington conditions.
i
GUST Gust Subdivision $ 2,500.00 Lot Levy (4 lots)
Lot 15, Conc. 3 To clear Town
Darlington conditions .
HALMINEN Black Creek Devel . $11 ,437.50 Lot Levies - Phasell
HOMES Lot 32, Conc. 2
Darlington
SPROULE/ Land Division $ 625.00 Lot Levy - (1 lot)
KNAPP Lot 25 & 26, Conc. 10 To clear Town
Darlington conditions.
SCHLEISS & Subdivision $191V215.00 Lot Levies - Phase I
HOLLAND Lot 34, Conc. 3
Darlington
GEARING Gearing Farms $ 4,062.50 25% of total
development charges.