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HomeMy WebLinkAboutTR-1-86 TOWN OF NEWCASTLE - .!', REPORT File # Res. # -- �. By-Law # (STING: General Purpose and Administration Committee DATE; JANUARY 6, 1986 REPORT #: TR-1-86 FILE #: Y85-AR-2 SUBJECT: CASH ACTIVITY REPORT - NOVEMBER 1985 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administra- tive Committee recommend to Council the following: 1 . That report TR-1-86 be received; and 2. 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 November is as shown on the attached schedule; and I 3. That the expenditures for the month of November 1985 be confirmed. I 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 November 30th 1985 and the comparative information for the month ended November 30th 1984. Respectfully submitted , 4? r JTJ R. Blanchard, JRB:RCB:pp reasurer. CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash (Position for the Month of November 1985 1985 1984 CASH on Hand at October 31st, 1985 $7,987,714 $ 61268,815 Total Cash for General Operating and Reserve Fund Purposes: Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 333,316 350,964 Grants .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Interest - Reserve. . . . . . . . . . . . . . . . . . . . . . . . 29,730 5,033 - General . . . . . . . . . . . . . . . . . . . . . . . . 35,205 53,812 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 287,264 238,670 Total Cash Available . . . . . . . . . . . . . . . . . . . . . . . $ 8,673,229 $6,917,294 USE of funds Expenditures Debt Charges .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 ,088 28,669 Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 187,244 274,395 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 853,222 853,830 Interest . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region .. . . . . . . . . . . . . . . . . . . . . . . . . - - - Schools . . . . . . . . . . . . . . . . . . . . . . . . . - - 1,061 ,554 1 ,156,894 CASH on Hand as at November 30, 1985 $7,61_1 ,6_75 $5,760,400 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,067,555 $1 .760,400 Investments .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,544,120 4,000,000 i $7,611 ,675 $5,760,400 I CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of November 1985 1985 1984 Balance Receivable - October 31 , 1985 $2,592,698 $2,756,463 Additions: Penalties & Interest .. . . . . . . . . . . . 2.2,614 26,715 Taxes Billed . . . . . . . . . . . . . . . . . . . . . 89,651 45,367 2,704,963 2,828,545 Reductions: Payments Received . . . . . . . . . . . . . . . 333,316 350,964 Balance Receivable - November 30, 1985 $2,371 ,647 $2,477,581 STATISTICAL INFORMATION for the Month of November 1985 Payment Received - Taxes 454 - Other 920 Tax Certificates Issued 177 Dog Licenses Issued 19 Burial Permit Issued 20 Accounts Payable Cheques Issued 1044 Cheque # 5752509 to 5752775 5920748 5921002 44113 _ 44131 33706 34214 t CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of November 30, 1985 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Toronto Dominion Bank 794,120 8.45% 32D Dec. 2/85 b)Continental Bank 1 ,000,000 8.82% 71D Dec. 13/85 e)Continental Bank 750,000 9.15% 63D Jan. 31/86 c)Continental Bank 1 ,000,000 9.35% 185D Feb. 28/86 f)Continental Bank 500,000 9.30% 182D Mar. 31 /86 g)Continental Bank 500,000 8.90% 181D Apr. 30/86 CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of November 11985 NAME LOCATION AMOUNT DESCRIPTION R. Craig Evergreen Estates 4,720.00 Lot Levies Pt. Lot 15, Conc. 3, 2nd Installment Darlington Barry March McCallum Dr. , 1 ,875.00 Lot Levies & Custom Pt. Lt. 1911 1st Installment Holdings Conc. 5, Bowmanville Gibson Durham & Ontario Sts. 625.00 Lot Levy Pt. Lt. 11 , Conc. 1 1st Installment Bowmanville