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HomeMy WebLinkAboutTR-36-86 TOWN OF NEWCASTLE REPORT File # Res. #( <'' , By-Law # (SING: General Purpose and Administration Committee DATE: MAY 20, 1986 REPORT #: FILE #: SUBJECT: CASH ACTIVITY REPORT - APRIL 1986 �2ECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administra- tive Committee recommend to Council the following: 1 . That report TR-36-86 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 April is as shown on the attached schedule; and 3. That the expenditures for the month of April 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 April 30th, 1986 and the comparative information for the month ended April 30th 1985. Respectfully submitted, � _. J .R. Blanchard, Treasurer. JRB:RCB:pp CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of April 1986 1986 1985 CASH on Hand at March 31 , 1986 $ 5,613,841 $ 6,305,871 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,343,270 2,176,913 Grants .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174,700 695,069 Interest - Reserve. . . . . . . . . . . . . . . . . . . . . . . . 30,418 4,415 - General . . . . . . . . . . . . . . . . . . . . . . . . 17,482 28,589 Other . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . 644,204 396,160 Total Cash Available .. . . . . . . . . . . . . . . . . . . . . . $ 8,823,915 $ 9,607,017 USE of funds Expenditures Debt Charges .. . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 198,947 195,484 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 823,485 555,630 Interest .. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . - - Levies - Region . . . . . . . . . . . . . . . . . . . . . . . . . . 811 ,320 770,387 - Schools .. . . . . . . . . . . . . . . . . . . . . . . . 515,538 2,359,628 2,349,290 3,881 ,129 jgvA CASH on Hand as at Aacc..4- 31 , 1986 $ 6,474,625 $ 5,725,888 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,474,625 $ 2,475,888 Investments .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000,000 3,250,000 $ 6,474,625 $ 5,725,888 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of April 1986 1986 1985 Balance Receivable - March 31 , 1986 $ 8861273 $1 ,260,459 Additions: Penalties & Interest .. . . . . . . . . . . . 25,783 25,205 Taxes Billed . . . . . . . .. . . . . . . . . . . . . 4,214,573 3,816,152 5,126,629 5,101 ,816 Reductions: Payments Received 2,343,270 2,176,913 Balance Receivable - April 30, 1986 $2,783,359 $2,924,903 STATISTICAL INFORMATION for the Month of April 1986 Payment Received - Taxes 6,533 - Other 1 ,268 Tax Certificates Issued 242 Dog Licenses Issued 716 Burial Permit Issued 23 Accounts Payable Cheques Issued 938 Cheque # 7812642 to 7812930 7966959 7967252 44194 44208 35573 35925 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of April 30th, 1986 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Continental Bank 750,000 11 .10% 122D June 2/86 b)Continental Bank 500,000 10.20% 121D July 31/86 c)Continental Bank 7503,000 9.20% 121D Aug. 29/86 d)Continental Bank 1 ,000,000 9.45 130D Sept. 5/86 N.B. on May 2 Toronto Dominion Bank 694,582 8.63 33D June 4/86 Toronto Dominion Bank 1 ,249,605 8.55 56D June 27/86 Toronto Dominion Bank 476,589 8.63 119D Aug. 29/86 2,420,776 CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of April 1986 NAME LOCATION AMOUNT DESCRIPTION Aitchison Lot 13, Conc. 2, $ 1 ,875.00 Lot Levies Starzynski Bowmanville & Shine John A. Smith Lot 26, Conc. 1 , 625.00 Lot Levies Newcastle Bernhard Lot 8, Conc. 6 625.00 Lot Levies Heming Darlington Clarence Lot 2, BF Conc. 625.00 Lot Levies Nichols Clarke Twp. Gearing Farms Lot 32, Conc. 2, 7,012.50 Lot Levies Darlington Twp. PK Developments Pt. Lt. 32/33, Conc. 3 4,062.50 Final Lot Levy Darlington Twp. Installment Mr. & Mrs. Lot 5, Conc. 1 , 625.00 Lot Levies Worrall Clarke Halminen Homes Pt. Lt. 32, Conc. 2 7,812.50 Final Lot Bowmanville Levies Gatehouse Lot 35, Conc. 2 13,125.00 Last Lot Levy Holdings Installments Phase II