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HomeMy WebLinkAboutTR-17-86 TOWN OF NEWCASTLE ' REPORT File # Res. #(1 By-Law # MEETING: General Purpose and Administration Committee DATE: April 7 1986 REPORT #: TR-17-26 FILE #: PAA=AR-? SUBJECT: CASH ACTIVITY REPORT - (FEBRUARY 1986 RECOMMENDATIONS: it is respectfully recommended that the General Purpose and Administra- tive Committee recommend to Council the following: 1 . That report TR-17-86 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 February is as shown on the attached schedule; and 3. That the expenditures for the month of February 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 February 28th 1986 and the comparative information for the month ended February 28th 1985. Respectfully submitted, t`J .R. BI anchard JRB:RCB:pp Treasurer. CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of February 1986 1986 1985 CASH on Hand at January 31 , 1986 $4,971 ,997 $ 3,883,299 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,342,365 3,339,444 Grants .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Interest - Reserve.. . . . . . . . . . . . . . . . . . . . . . . 63,375 46,674 - General . .. . . . . . . . . . . . . . . . . . . . . . 10,460 4,870 Other .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 314,179 225,537 Total Cash Available .. . . . . . . . . . . . . . . . . . . . . . $ 8,702,376 $7,499,824 USE of funds Expenditures Debt Charges ... . . . . . . . . . . . . . . . . . . . . . . . . . . - 1 ,000 Payroll . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . 2095,263 200,297 General . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . 668,569 456,484 Interest ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region . . . . . . . . . . . . . . . . . . . . . . . . . . - - - Schools . .. . . .. . . . . . . . . . . . . .. . .. . - - 877,832 657,781 CASH on Hand as at February 28, 1986 $7,824,544 $6,842,043 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,074,544 $3,592,043 Investments .. . . . . . .. . . . . . . . .. . . . . . . . . . . . . 2,750,000 3,250,000 $7,824,544 $6,842,043 I i CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of February 11986 1986 1985 Balance Receivable - January 31 , 1986 $1 ,391 ,427 $1 ,659,129 Additions: Penalties & Interest .. . . . . . . . . . . . 22,665 22,660 Taxes Billed . . . . . . . . . . . . . . . . . . . . . 4,2221-305 3,834,617 5,636,397 5,516,406 Reductions: Payments Received . . . . . . . . . . . . . . . 13421465 3,339,444 Balance Receivable - February 28, 1986 $2,293,932 $2,176,962 STATISTICAL INFORMATION for the Month of February 1986 Payment Received - Taxes 10,245 - Other 1 ,007 Tax Certificates Issued 187 i Dog Licenses Issued 222 Burial Permit Issued 12 Accounts Payable Cheques Issued 884 Cheque # 6958139 to 6958425 7162316 7162582 34922 35251 44178 44186 I CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of February 28, 1986 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Continental Bank 500,000 9.30% 182D Mar. 31/86 b)Continental Bank 1 ,000,000 13.00% 59D Apr. 28/86 c)Continental Bank 500,000 8.90% 181D Apr . 30/86 d)Continental Bank 750,000 11 .10% 122D June 2/86 N.B. on March 4 I Can. Imp. Bank of Comm. 3,000,000 12.50% 26D March 31/86 i CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of February 86 NAME LOCATION AMOUNT DESCRIPTION 594829 Pt. Lt. 33, Conc. 2 $ 11 ,208.75 Lot Levies Ont. Ltd. Darlington Twp. Plan 10M762 Gatehouse Pt. Lt. 35, Conc. 2 19,215.00 Lot Levies Holdings C-I-efke Twp. Plan 264 I,tLr I i -,,j4Oy) Gearing Lot 32, Conc. 3 1 ,250.00 Lot Levies Gardins Darlington Twp . A. Kirke Pt. Lt. 20, Conc. 2 625.00 Lot Levies Darlington Twp. LD 417/85 John Rozema Pt. Lot 15, Conc. 4 625.00 Lot Levies Darlington Twp. LD 1/86 David Gray Pt. Lot 2, Conc. 6 625.00 Lot Levies Darlington Twp. LD 118/85 i I i i 1