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HomeMy WebLinkAboutTR-7-86 — � TOWN OF NEWCASTLE l REPORT File # Res. # By-Law # MEETING: General Purpose and Administration Committee DATE: FEBRUARY 17, 1986 REPORT #: TR-7-86 FILE #: Y86-AR-2 SUEJECT: CASH ACTIVITY REPORT - JANUARY 1986 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administra- tive Committee recommend to Council the following: 1 . That report TR-7-86 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 January is as shown on the attached schedule; and 3. That the expenditures for the month of January 1986 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 January 31st 1986 and the comparative information for the month ended January 31st 1985. Respectfully submitted, J.R. Blanchard, JRB:RCB:pp Treasurer. CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash (Position for the Month of January 1986 1986 1985 CASH on Hand at December 31st, 1985 $4,979,849 $ 3,656,248 Total Cash for General Operating and Reserve Fund Purposes: Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 228,137 449,062 Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 554,100 160,500 Interest - Reserve. . . . . . . . . . . . . . . . . . . . . . . . 4,128 5,060 - General . . . . . . . . . . . . . . . . . . . . . . . . 11 ,273 8,912 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 262,597 273,098 Total Cash Available . . . . . . . . . . . . . . . . . . . . . . . $ 6,040,084 $4,552,880 USE of funds Expenditures Debt Charges .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 76,312 55,094 Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 209,313 196,053 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 782,462 418,434 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region . . . . . . . . . . . . . . . . . . . . . . . . . . - - - Schools . . . . . . . . . . . . . . . . . . . . . . . . . - - 1 ,068,087 669,581 CASH on Hand as at January 31 , 1986 $4,971 ,997 $3,883,299 ANALYSIS as follows Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,221 ,997 $1 ,883,299 Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,750,000 2,000,000 $4,971 ,997 $3,883,299 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of January 1986 1986 1985 Balance Receivable - December 31 , 1985 $1 ,601 ,456 $2,087,085 Additions: Penalties & Interest . . . . . . . . . . . . . 18,108 21 ,106 Taxes Billed . . . . . . . . . . . . . . . . . . . . . - - 1 ,619,564 2,108,191 Reductions: Payments Received . . . . . . . . . . . . . . . 228,137 449,062 Balance Receivable - January 31 , 1986 $1 ,391 ,427 $1 ,659, 129 STATISTICAL INFORMATION for the Month of January 1986 Payment Received - Taxes 295 - Other 1 ,790 Tax Certificates Issued 162 Dog Licenses Issued 251 Burial Permit Issued 22 Accounts Payable Cheques Issued 926 Cheque # 6564852 to 6565115 6763956 6764227 44148 44177 34549 34921 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of January 31 , 1986 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Continental Bank 1 ,000,000 9.35% 185D Feb. 28/86 b)Continental Bank 500,000 9.30% 182D Mar. 31 /86 e)Continental Bank 500,000 8.90% 181D Apr 30/86 c)Continental Bank 750,000 11 .10% 122D June 2/86 CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of January 1986 NAME LOCATION AMOUNT DESCRIPTION Schleiss & Pt. Lt. 34, Conc. 2, 9,607.50 Lot Levies, Final Installment Holland Bowmanville, Ontario (Phase II ) , Plan 259 R.B. Craig Pt. It. 15, Conc. 3, 4,720.00 Lot Levies, 2nd Installment Darlington Evergreen Estates 10M-768 Barry March Pt. It. 19, Conc 5, 1 ,875.00 Lot Levies, 2nd Installment & Custom McCallum Street Holdings Hampton David Gibson Pt. Lt. 11 , Conc. 1 , 625.00 Land Division Application Durham & Ontario Sts. LD 295/85 Bowmanville Walter Francz Pt. Lt. 27, Conc. 2 625.00 Land Division Application Darlington LD 277/85 James Wright Pt. Lot 27, Conc. 1 625.00 Land Division Application Clarke LD 276/85 i