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HomeMy WebLinkAboutTR-69-85 T 3 Ca TOWN OF NEWCASTLE JjS L ' REPORT File # Is Res. # By-Law # METING: General Purpose and Administration Committee DATE: NOVEMBER 4, 1985 REPORT #: TR-69-85 FILE #: Y85-AR-2 SUBJECT: CASH ACTIVITY REPORT - SEPTEMBER 1985 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administra- tive 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 September is as shown on the attached schedule; and 2. That the expenditures for the month of September 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 September 30th 1985 and the comparative information for the month ended September 30th 1984. Respectfully submitted, )C+L J, a 3n KathryP A. Campbe` I , C.A. , B.Comm., Treasurer KAC:RCB:gf jL/. CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of September 11985 1985 1984 CASH on Hand at August 31 , 1985 $7,916,394 $ 5,757,190 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,756,625 2,059,388 Grants .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,215 - Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,127 56,326 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 ,982 12,864 Other . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 802,860 119,522 Total Cash Available .. . . . . . . . . . . . . . . . . . . . . . $11 ,569,203 $8,005,290 USE of funds Expenditures Debt Charges .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,543 19,856 Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 208,189 195,391 General . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . 501 ,906 431 ,079 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region .. . . . . . . . . . . . . . . . . . . . .. . . . - - - Schools .. . . . . . . . . . . . . . . . . . . . . . . . 2,492,387 2,280,020 3,225,025 2,926,346 CASH on Hand as at September 30, 1985 $8,344,178 $5,078,944 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,594,178 $ 78,944 Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,750,000 5,000,000 i $8,344,178 $5,078,944 I CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of September 11985 1985 1984 Balance Receivable - August 31 , 1985 $1 ,285,602 $1 ,655,574 Additions: Penalties & Interest .. . . . . . . . . . . . 29,165 34,951 Taxes Billed . . . . . . . . . . . . . . . . . . . . . 5,049,134 4,190,362 6,363,901 5,880,527 Reductions: Payments Received . .. . . . . . . . . . . . . 2,756,625 2,059,388 Balance Receivable - September 30, 1985 $3,607,276 $3,821 ,139 STATISTICAL INFORMATION for the Month of September 11985 Payment Received - Taxes 5774 - Other 1388 Tax Certificates Issued 132 Dog Licenses Issued 22 Burial Permit Issued 15 Accounts Payable Cheques Issued 822 Cheque # 4838420 to 4838704 4907587 4907867 44067 44089 33160 33405 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of September 30, 1985 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Continental Bank 500,000 10.40% 185D Oct. 31/85 b)Continental Bank 750,000 9.70% 184D Nov. 29/85 e)Continental Bank 1 ,000,000 9.35% 185D Feb. 28/86 c)Continental Bank 500,000 9.30% 182D Mar. 31 /86 f) 9) h) CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of September 11985 NAME LOCATION AMOUNT DESCRIPTION R. CRAIG Pt. Lt.15, Conc. 3, $2,500.00 Subdivision Agreement DEVELOPMENTS Darlington #18T85002 M.ZYGOCKI/ Plan 10M761 , Pt. Lt.11 1 ,812.50 Lot Levies, 2nd Installment HALMINEN HOMES Conc.2, Bowmanville (Phase II ) J. STEVENS Pt. Lt. 16, Conc.1 625.00 Land Division Application Hwy. 2, Bowmanville LD 117/85 M. ZYGOCKI Pt. Lt. 11 , Conc.1 1 ,875.00 Land Division Application Proud Drive, Bow. LD 1551/85 S. WOOD Pt. Lts. 5&6, Broken 625.00 Land Division Application Front Conc. in Clarke LD 191 /85 WM. VROOM Pt. Lt. 13, Conc.2 625.00 Land Division Application Mill St., Bowmanville LD 18/85 SCHLEISS/ Pt. Lt. 34, Conc. 3 12,810.00 Lot Levies, Ist Installment HOLLAND Bowmanville (Phase II ) MARIANNA Pt. Lt. 5, Conc. 2 625.00 Land Division Application DEVELOPMENTS Bowmanville LD 200/85 21 ,497.50 I 1