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Home My WebLink AboutTR-58-85 CORPORATION OF THE TOWN OF NEWCASTLE TREASURY DEPARTMENT x. CAMPBELL, C,4,TREASURER 4o TEMPERANCE STREET TeL.(416) 623*37e BOVVMANV|LLe. 0NTAn0 L1CnAn REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF SEPTEMBER lO, 1985 REPORT NO. : TR-58-85 SUBJECT: CASH ACTIVITY REPORT - JULY 1985 It is respectfully recommended that the General Purpose and Administrative Committee recommend to Council the following: l. That, in accordance with provision Of Chapter 302^ Section 81/l\ Of the MUOiCfpO] Act, R.S.O. 1980, the Treasurer reports to Committee that the cash pOSftfOn of the Town of Newcastle for the month ended July is OS Sh0N0 on the attached SCh8dUle`' and 2. That the expenditures for the month Of July 1985 he confirmed. BACKGROUND AND COMMENTS: The attached SCh8dUl8S indicate the Corporation of the Town of Newcastle' s cash transactions, the cash and fOV8st0eOt position, lot levy information and statistical information for the month ended July 315t 1486 and the comparative information for the month ended July 313t 1984. Respectfully submitted, thrvn A. Campbell , C.A. , H.000m. , Treasurer KAC:RCR :gf Y85-AR-2 � Ul 3 (a0 CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of July 1985 1985 1984 CASH on Hand at June 30 1985 $7,67111154 $ 5,408,830 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,779,096 1 ,538,826 Grants .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 509,100 489,000 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,947 14,818 General ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,685 63141 Other .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 371 ,979 7359934 Total Cash Available $10,341,961 $8,193 ,549 USE of funds Expenditures Debt Charges .. . . . . . . . . . . . . . . . . .. . . . . . . . . . 209457 2611164 Payroll .. . . . . . . . . . . . . . . . . . .. . . . . . . . .. . . . . 2239564 237,901 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,1749913 8609326 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region . . . . . . . . . . . . . . . . . . . . . . . . . . - - - Schools .. . . . . . . . . . . . . . . . . . . . . . . . 11,418,934 191249391 CASH on Hand as at July 31 , 1985 $8,9239027 $790699158 i ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . $196739027 $2 ,0699158 Investments .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,2509000 590009000 $8,9239027 $7,069,158 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of July 1985 1985 1984 Balance Receivable - June 30, 1985 $3,1939601 $3 $ 26,527 Additions: Penalties & Interest .. . . . . . . . . . . . 231,519 28,175 Taxes Billed . . . . . . . . . . . . . . . . . . . . . - - 3 ,217,120 3$ 54,702 Reductions: Payments Received . . . . . . . . . . . . . . . 1$7493,096 1 538 826 Balance Receivable - July 31 , 1985 $1 ,468,024 $1 ,815,876 STATISTICAL INFORMATION for the Month of July 1985 Payment Received - Taxes 3455 - Other 1169 Tax Certificates Issued 248 Dog Licenses Issued 254 Burial Permit Issued 14 Accounts Payable Cheques Issued 982 Cheque # 3962374 to 3962690 4161292 4161579 44042 44054 32502 32882 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of July 31, 1985 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Continental Bank $ 2,0001,000 9.47% 35D Aug. 9/85 W ontinental Bank 1,500,000 9.47% 41D Aug. 15/85 e)Continental Bank 111000,000 12.02% 180D Aug. 27/85 c)Continental Bank 1,000,000 9.47% 56D Aug. 30/85 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 7501000 9.70% 184D Nov. 29/85 CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of July 1985 NAME LOCATION AMOUNT DESCRIPTION B. VANANDEL Plan 755, Pt. Lt. 15 $3,437.50 3rd Installment, Lot Conc. 3, Levies Darlington TOMINA Pt. Lot 26, Conc. 2 $1 ,250.00 2 Land Division Appl . Darlington (LD 43/85 & LD 44/85) BURKETON HILLS Pt. Lot 19, Conc. 10 $10,800.00 Lot Levies - Phase III DEVELOPMENT Darlington as per agreement. W.E. ROTH - Plan 766, Pt. Lt. 34, $21,960.00 2nd Installment, Lot (WESTCASTLE Conc. 2, Darlington Levies HOMES)