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HomeMy WebLinkAboutTR-73-85 TOWN OF NEWCASTLE . REPORT File # �S Res. # �-� By-Law # MEETING. General Purpose and Administration Committee DATE: DECEMBER 9, 1985 REPORT #: TR-73-85 FILE #: Y85-AR-2 SUBJECT: CASH ACTIVITY REPORT - OCTOBER 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 October is as shown on the attached schedule; and 2. That the expenditures for the month of October 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 October 30th 1985 and the comparative information for the month ended October 30th 1984. Respectfully submitted, J.R. Blanchard, Deputy Treasurer. JRB:RCB:pp CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash (Position for the Month of October 1985 1985 1984 CASH on Hand at September 30, 1985 $8,344, 178 $ 5,078,944 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,040,429 1 ,375,336 Grants .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 305,004 306,453 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,397 4,579 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,559 23,519 Other .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 339,325 208,498 Total Cash Available .. . . . . . . . . . . . . . . . . . . . . . $10,074,892 $6,997,329 USE of funds Expenditures Debt Charges .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 698 - Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 281 ,139 183,825 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 953,088 385,229 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region .. . . . . . . . . . . . . . . . . . . . . . . . . 852,253 779,175 - Schools .. . . . . . . . . . . . . . . . . . . . . . . . 2,087,178 12348,229 CASH on Hand as at October 31 , 1985 $7,987,714 $5,649, 100 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1 ,943,594 $1 ,149, 100 Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,044,120 4,500,000 $7,987,714 $5,649,100 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of October 1985 1985 1984 Balance Receivable - September 30, 1985 $3,607,276 $3,821 ,139 Additions: Penalties & Interest .. . . . . . . . . . . . 25,851 30,686 Taxes Billed . . . . . . . . . . . . . . . . . . . . . - 49,974 3,633,127 3,901 ,799 Reductions: Payments Received . . . . . . . . . . . . . . . 1 ,040,429 1 ,375,336 Balance Receivable - October 31 , 1985 $2,592,698 $2,526,463 STATISTICAL INFORMATION for the Month of October 1985 Payment Received - Taxes 2621 - Other 1276 Tax Certificates Issued 202 Dog Licenses Issued 13 Burial Permit Issued 18 Accounts Payable Cheques Issued 1102 Cheque # 5111049 to 5111306 5328341 5328603 5494319 5494581 44090 44112 33406 33705 i i CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of October 31 , 1985 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Continental Bank 500,000 8.75% 43D Nov. 15/85 b)Continental Bank 750,000 9.70% 184D Nov. 29/85 e)Continental Bank 1 ,000,000 8.77% 57D Nov. 29/85 c)Toronto-Dominion Bank 794,120 8.45% 32D Dec. 2/85 f)Continental Bank 1 ,000,000 8.82% 71D Dec. 13/85 g)Continental Bank 1 ,000,000 9.35% 185D Feb. 28/86 h)Continental Bank 500,000 9.30% 182D Mar. 31/86 ! )Continental Bank 500,000 8.90% 181D Apr . 30/86 I i I CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of October 1985 NAME LOCATION AMOUNT DESCRIPTION Gatehouse Pt. Lot 35, 19,215.00 Lot Levies Holdings Conc. 2, Darlington 2nd Installment Schleiss & Pt. Lot 34, Conc. 2, Holland Bowmanville 12,810.00 Lot Levies, 2nd Installment (Phase II ) . A. Berk Pt. Lot 9, Broken 5,720,00 Lot Levies, (re: 11 Front Conc. , apartment units) Bowmanville McGregor Drug 5 King St. W., 1 ,248.00 Lot Levies, ( re: Store Bowmanville 3 apartment units) I I I