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HomeMy WebLinkAboutTR-3-86 �4, TOWN OF NEWCASTLE f J REPORT a File # )67 Res. # � � By-Law # MEETING: General Purpose and Administration Committee DATE: JANUARY 20, 1986 REPORT #: TR-3-86 FILE #: YRS=.AR-Z Sl1BJECT: CASH ACTIVITY REPORT - DECEMBER 1985 RECOMMENDATIONS: it is respectfully recommended that the General Purpose and Administra- tive Committee recommend to Council the following: 1 . That report TR-3-86 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 December is as shown on the attached schedule; and 3. That the expenditures for the month of December 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 December 31st 1985 and the comparative information for the month ended December 31st 1984. /� Respectfully submitted, , J.R. Blanchard, JRB:RCB:pp Treasurer. CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash (Position for the Month of December 1985 1985 1984 CASH on Hand at November 30th, 1985 $7,611 ,675 $ 5,760,400 Total Cash for General Operating and Reserve Fund Purposes: Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 408,512 412,413 Grants .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Interest - Reserve. . . . . . . . . . . . . . . . . . . . . . . . 40,226 52,274 - General . . . . . . . . . . . . . . . . . . . . . . . . 34,157 24,442 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2661250 469,356 Total Cash Available . . . . . . . . . . . . . . . . . . . . . . . $ 8,360,820 $6,718,885 USE of funds Expenditures Debt Charges . . . . . . . . . . . . . . . . . . . . . . . . .. . . . - - Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 216,603 199,105 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 646,642 613,011 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region . . . . . . . . . . . . . . . . . . . . . .. . . . - - - Schools .. . . . . . . . . . . . . . . . . . . . . . . . 2,517,726 2,250,521 3,380,971 3,062,637 CASH on Hand as at December 31 , 1985 $4,979,849 $3,656,248 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,479,849 $1 ,656,248 Investments .. . . . . . . . . . . . . . . .. . . . . . . . . . . . . 2,750,000 2,000,000 i $4,979,849 $3,656,248 i i i I i i CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of December 1985 1985 1984 Balance Receivable - November 30, 1985 $2,371 ,647 $2,477,581 Additions: Penalties & Interest .. . . . . . . . . . . . 18,108 21 ,917 Taxes Billed . . . . . . . . . . .. . . . . . . . . . - - 2,389,755 2,499,498 Reductions: Payments Received . . . . . . . . . . . . . . . 408,512 412,413 Balance Receivable - December 31 , 1985 $1 ,981 ,243 $2,087,085 STATISTICAL INFORMATION for the Month of December 1985 Payment Received - Taxes 698 - Other 755 Tax Certificates Issued 111 Dog Licenses Issued 39 Burial Permit Issued 21 Accounts Payable Cheques Issued 918 I Cheque # 6135929 to 6136207 6426455 6426753 i 44132 44147 34215 34548 I I v_--1 o t s6 o CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of December 31 , 1985 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Continental Bank 750,000 9.15% 63D Jan. 31/86 b)Continental Bank 1 ,000,000 9.35% 185D Feb. 28/86 e)Continental Bank 500,000 9.30% 182D Mar. 3/86 c)Continental Bank 500,000 8.90% 181D Apr . 30/86 i I i I I i