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Home My WebLink AboutTR-41-85 File No,-/ a 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 JUNE 17, 1985 REPORT NO. : TR-41-85 SUBJECT: CASH ACTIVITY REPORT - MAY 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. 1980, the Treasurer reports to Committee that the cash position of the Town of Newcastle for the month ended May is as shown on the attached schedule; and 2. That the expenditures for the month of May 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 statistical information for the month ended May 31st 1985 and the comparative information for the month ended May 31st 1985. Respectfully submitted, thrr 4 �he Kathr A. Camp ell , C.A. , B.Comm. , Treasurers KAC:RCB:gf b �� Y85-AR-2 CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of May 1985 1985 1984 CASH on Hand at April 30, 1985 $5,725,888 $ 4,111,277 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . 830,267 991 ,266 Grants .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 647,254 778,963 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,024 5,784 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,072 3,899 Other .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 381 ,058 189,865 Total Cash Available .. .. . . . . . . . . . . . . . . . . . . . $7,60611563 $6,081 ,054 USE of funds Expenditures DebtCharges .. . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 281 ,862 250,394 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 434,247 331 ,185 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region .. . . . . . . . . . . . . . . . . . . . . . . . . - - - Schools . . . . . . . . . . . . . . . . . . . . . . . . . - 716 ,109 581 ,579 CASH on Hand as at May 30, 1985 $6,890,454 $5,499,475 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1 ,440,454 $2 ,999,475 Investments .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . 5,450,000 2,500,000 $6,890,454 $5,499,475 L) �Cb) CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of May 1985 1985 1984 Balance Receivable - April 30, 1985 $2 ,924,903 $3 ,236,636 Additions : Penalties & Interest .. . . . . . . . . . . . 2.3,641 26,714 Taxes Billed . . . . . . . . . . . . . . . . . . . . . - - 2 ,948,544 3,263,350 Reductions: Payments Received . . . . . . . . . . . . . . . 830,267 991 ,266 Balance Receivable - April 30, 1985 $2,118,277 $2 ,272,084 STATISTICAL INFORMATION for the Month of May 1985 Payment Received - Taxes 2369 - Other 1266 Tax Certificates Issued 2.11 Dog Licenses Issued 610 Burial Permit Issued 18 Accounts Payable Cheques Issued 1104 Cheque # 2917017 to 2917270 3097078 3097347 3326592 3326868 44001 44025 31921 32207 (A. �Cb� CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of May 31, 1985 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Continental Bank $ 650,000 9.70% 39D June 17/85 W ontinental Bank 800,000 9.85% 32D July 2/85 c)Continental Bank 1,250,000 9.82% 62D July 2/85 e)Continental Bank 1 ,000,000 12.02% 180D Aug . 27/85 f)Continental Bank 50011000 10.60% 181D Sept.30/85 g)Continental Bank 500,000 10.40% 185D Oct. 31/85 h)Continental Bank 750,000 9.70% 184D Nov. 29/85 CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of May 1985 NAME LOCATION AMOUNT DESCRIPTION A11IN L19,Conc 2, Clarke $ 625.00 Lot Levy for 1 lot To clear Town conditions J. HENDRY L25, Broken Front $ 625.00 Lot Levy for 1 lot Clarke To clear Town conditions A. COWMAN Pt. L 34, Conc.2 $ 915.00 Lot Levy for 1 lot Darlington To clear Town conditions B. McGILL L16, conc. 2 $ 625.00 Lot Levy for 1 lot Darlington To clear Town conditions KING SUBDIVISION Pt.L34, Conc. 2 $119208.75 First Installment of Lot Levies before issuance of Building Permits. SCHLEISS & HOLLAND Pt.L34, Conc. 3 $ 9,607.50 Lot Levies 3rd installment Darlington Phase II, Plan M759 SCHLEISS & HOLLAND Pt.L34, Conc. 3 $18,528,75 Lot Levies 3rd installment Darlington Phase I , Plan M757 BOWMANVILLE L11, Conc.2 $ 7,812.50 Lot Levies, 12 permits HIGH STREET SUBD.