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HomeMy WebLinkAboutTR-33-85 ��� -�L�� ��� NEWCASTLE F- CORPORATION ���� THE UL U�_�\/�//~� ���K TREASURY DEPARTMENT n. CAMPBELL, C.A, TREASURER *o TEMPERANCE STREET rsL.(416) e23'8379 eOvvmANV|LLs. ONrAR|0 uooAe REPORT T0 THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF MAY 21 , 1985 REPORT NO. : TR-53-85 SUBJECT: CASH ACTIVITY REPORT - APRIL 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 April is as shown on the offoohed schedule; and 2. That the expenditures for the month of April 1985 be confirmed . � BACKGROUND AND COMMENTS: The attached schedules Indicate the Corporation of the Town of Newcastle's cash transactions, the cash and investment position, lot levy information and stuflafioa| Information for the month ended April 30th 1985 and the cmnporeflvm information for the month ended April 30fh 1084^ Respectfully submitted, Kmfhr-��� Campbell , C.A. , B^Cmnm., m Treasurer KAC:RCB:gf / Y85-AR 2 � ! _ , A[ ' ��Y° CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of April 1985 1985 1984 CASH on Hand at March 31 , 1985 $6,305,871 $ 2,600,416 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,176,913 1 ,833,415 Grants .. . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 695,069 807,830 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,415 28,492 General .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,589 5,304 Other .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 396,160 232,568 i Total Cash Available . . . . .. . . . . . . . . . . . . . . . . . $9,607,017 $5,508,025 USE of funds Expenditures Debt Charges .. . . . . . 0 . . . . . . . . . . . . . . . . . . . . . - 133 Payroll ... . . . . . .. . . . . . . . . . . . . . . . . . . 4 . . . . . 195,484 172,087 General ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 555,630 484,426 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . - - Levies - Region .. . . . . . . . . . . . . . . . . . . . . . . . . 770,387 740,101 - Schools . . . . . . . . . . . . . . . . . .. . . . . . . 2,359,628 - 3,881 ,129 1 ,396,747 CASH on Hand as at April 30, 1985 $5,725,888 $4,111 ,278 i ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,475,888 $2,611 ,278 Investments 30250,000 1 ,500,000 $5,725,888 $4,111 ,278 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of April 1985 1985 1984 Balance Receivable - March 31 , 1985 $1 ,260,459 $1 ,406,945 Additions: Penalties & Interest .. . . . . . . . . . . . 25,205 27,277 Taxes Billed .. . . . . . .. . . . . . . . . . . . . 3,816, 152 3,635,829 5,101 ,816 5,070,051 Reductions: Payments Received .. . . . . . . . . . . . . . 2,176,913 1 ,833,415 Balance Receivable - April 30, 1985 $2,924,903 $3,236,636 STATISTICAL INFORMATION for the Month of April 1985 Payment Received - Taxes 6129 - Other 927 Tax Certificates Issued 150 Dog Licenses Issued 720 Burial Permit Issued 14 Accounts Payable Cheques Issued 827 Cheque # 2538384 to 2538605 2712470 2712762 43989 44000 31604 31920 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of April 30, 1985 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE - TERMS DATE a)Continental Bank $ 750,000 11 .42% 90D May 29/85 b)Continental Bank 500,000 9.70% 52D May 31/85 c)Continental Bank 1 ,000,000 12.02% 180D Aug 27/85 e)Continental Bank 500,000 10.60% 181D Sept 30/85 f)Continental Bank 500,000 10.40% 185D Oct 31/85 N.B. on May 2nd i Continental Bank 1 ,250,000 9.82% 62D July 2/85 CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of April 1985 NAME LOCATION AMOUNT DESCRIPTION RIDGE PINE Wilmont Creek $55,350.00 Lot Levy Development PARK INC. Lots 1 ,2,3 Darlington Charge - Phase III Lots 33,34,35 Clarke Broken Conc. on boundary. SKERRATT Land Division $ 1 ,250.00 To clear Towns Lot 14, Conc. 8 conditions. Darlington MARCHANT Abbott & Marchant $ 2,187.50 Final Levy Payment Subdivision Lot 8, Conc. 7 Darlington