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HomeMy WebLinkAboutTR-48-85 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 JULY 15, 1985 REPORT NO. : TR-48-85 SUBJECT: CASH ACTIVITY REPORT - JUNE 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 June is as shown on the attached schedule; and 2. That the expenditures for the month of June 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 June 30th 1985 and the comparative information for the month ended June 30th 1985. espectfully submitted , /PP, /p'1 Kathryn A. Campbel1 , C.A. , B.Comm. 1�lr , Treasurers(/� KAC:RCB:gf Y85-AR-2 '8 UI� 3Cb) CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of June 1985 1985 1984 CASH on Hand at May 31, 1985 $69890,454 $ 5,044,803 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . 398689475 39467,997 Grants .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 149,884 - Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,795 39,856 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,336 26,912 Other .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1799938 1919097 i Total Cash Available .. . . . . . . . . . . . . . . . . . . . . . $11;105,882 $897709665 USE of funds Expenditures DebtCharges .. . . . . . . . . . . . . . . . . . . . . . . . . . .. - - Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2379456 193 ,223 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4889125 879,202 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region .. . . . . . . . . . . . . . . . . . . . . . . . . - - - Schools .. . . . . . . . . . . . . . . . . . . . . . . . 2 9709,147 2,289,410 3,434,728 32,361 ,835 CASH on Hand as at June 30, 1985 $7,671 ,154 $594089830 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $29221 ,154 $59408,830 Investments .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,4509000 $79671 ,154 $5 ,408,830 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of June 1985 1985 1984 Balance Receivable - May 31 , 1985 $2 ,118,277 $2 ,272 ,084 Additions: Penalties & Interest .. . . . . . . . . . . . 27,790 255500 Taxes Billed . . . . . . . . . . . . . . . . . . . . . 4,916,009 4;496,940 7 ,0621076 6,794 $ 24 Reductions: Payments Received . . . . . . . . . . . . . . . 3,868,475 39467,997 Balance Receivable - June 30, 1985 $3 ,193 ,601 $3 ,326,527 STATISTICAL INFORMATION for the Month of June 1985 Payment Received - Taxes 9497 - Other 515 Tax Certificates Issued 209 Dog Licenses Issued 259 Burial Permit Issued 21 Accounts Payable Cheques Issued 1157 Cheque # 3528734 to 3529012 3685368 3685642 3751869 3752162 44026 44047 32208 32501 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of June 30, 1985 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Continental Bank $ 650,000 9.25% 15D July 2/85 W ontinental Bank 800,000 9.85% 32D July 2/85 c)Continental Bank 1,250,000 9.82% 610 July 2/85 e)Continental Bank 1,000,000 12.02% 180D Aug. 27/85 f)Continental Bank 500,000 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 June 1985 NAME LOCATION AMOUNT DESCRIPTION GATEHOUSE Part Lot 35, Conc 2 $1911215.00 Lot Levies as per agreement HOLDINGS Reg. Plan 10M764 To clear Town conditions Darlington i