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HomeMy WebLinkAboutTR-23-86 TOWN OF NEWCASTLE t -�( REPORT File # /o.,,,) ? Res # By-Law # MEETING: General Purpose and Administration Committee DATE: APRIL 21 , 1986 REPORT #: TR-2.3-s6 FILE #: 1286-AR-7 SU&JECT: CASH ACTIVITY REPORT - MARCH 1986 RECOMMENDATIONS: respectfully recommended that the General Purpose and Administra- tive Committee recommend to Council the following: 1 . That report TR-23-86 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 March is as shown on the attached schedule; and 3. That the expenditures for the month of March 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 March 31st 1986 and the comparative information for the month ended March 31st 1985. Respectfully submitted, �f, , W_ , 4z,_C.', J.R. Blanchard, j Treasurer. JRB:RCB:pp — �(4) CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of March 1986 1986 1985 CASH on Hand at February 28, 1986 $ 71824,544 $ 61842,043 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,426,911 936,129 Grants .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Interest - Reserve. . . . . . . . . . . . . . . . . . . . . . . . 5,492 4,701 - General . . . . . . . . . . . . . . . . . . . . . . . . 37,389 5,665 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 264,919 279,103 Total Cash Available . . . . . . . . . . . . . . . . . . . . . . . $ 9,559,255 $ 8,067,641 USE of funds Expenditures Debt Charges .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,304 5,908 Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205,392 194,004 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 431 ,011 791 ,470 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region .. . . . . . . . . . . . . . . . . . . . . . . . . 811 ,320 770,388 - Schools .. . . . . . . . . . . . . . . . . . . . .. . . 2,492,387 - 3,945,414 1 ,761 ,770 CASH on Hand as at March 31 , 1986 $ 1,613,841 $ 6,305,871 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,113,841 $ 2,055,871 Investments .. . . . . . . . . . . . . . . . . . . . . . . .. . . . . 3,500,000 4,250,000 $ 5,613,841 $ 6,305,871 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of March 1986 1986 1985 Balance Receivable - March 31 , 1986 $2,293,932 $2,176,962 Additions: Penalties & Interest .. . . . . . . . . . . . 19,252 19,626 Taxes Billed . . . . . . . . . . . . . . . . . . . . . - - 2,313,184 2,196,588 Reductions: Payments Received . . . . . . . . . . . . . . . 1 ,426,911 936,129 Balance Receivable - March 31 , 1986 $ 886,273 $1 ,260,459 STATISTICAL INFORMATION for the Month of March 1986 Payment Received - Taxes 4,143 - Other 1 ,034 Tax Certificates Issued 212 Dog Licenses Issued 684 Burial Permit Issued 14 Accounts Payable Cheques Issued 884 Cheque # 7359811 to 7360096 7580897 7581175 44187 44193 35232 35572 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of March 31st, 1986 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Continental Bank 750,000 12.10% 35D Apr. 18/86 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 e)Continental Bank 500,000 10.20 12.1D July 31/86 Tj t' CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of March 1986 NAME LOCATION AMOUNT DESCRIPTION Wm. Mills Pt. Lt. 24, Conc. 3 $ 1 ,875.00 Lot Levies Darlington Twp. LD363/85, LD364/85, LD365/85 W.E. Roth Pt. Lt. 34, Conc. 2 21 ,940.00 Lot Levies Darlington Twp. Plan 766 Halminen Homes Pt. Lt. 11 , Conc. 2 11 ,208.75 Lot Levies Darlington Twp. Plan 762 Kraco Pt. Lt. 30, Conc. 2 1 ,250.00 Lot Levies Carpentry Clarke Twp. LD 364/83, LD 365/83 Burketon Hills Pt. Lot 19, Conc. 10 13,125.00 Lot Levies Darlington Twp. Devries Pt. Lot 6, Conc. 3 625.00 Lot Levies Darlington Twp. LD 21 /86 Schleiss & Pt. Lt. 34, Conc. 2, 12,51.0.00 Lot Levies Holland Bowmanville, Ontario Plan 10769 I