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Home My WebLink AboutTR-49-86 _V1, 3 (e) TOWN OF NEWCASTLE Y_.n REPORT -� � ; Res. # By-Law # METING. General Purpose and Administration Committee DATE: JUNE 16, 1986 REPORT #: TR 49 86 FILE #: SUB.ECT: CASH ACTIVITY REPORT - MAY 1986 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administra- -five Committee recommend to Council the following: 1 . That report TR-49-86 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 May is as shown on the attached schedule; and 3. That the expenditures for the month of May 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 May 31st, 1986 and the comparative Information for the month ended May 31st 1985. Respectfully submitted, J.R. Blanchard, Treasurer. JRB:RCB:pp V/ 1 CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of May 11986 1986 1985 CASH on Hand at April 30, 1986 $ 6,474,625 $ 5,725,888 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 988,094 830,267 Grants .. . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 683,578 647,254 Interest - Reserve.. . . . . . . . . . . . . . . . . . . .. . . 50,239 11 ,024 - General . . . . . . . . . . . . . . . . . . . . . . . . 9,096 11 ,072 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 526,849 381 ,058 Total Cash Available .. . . . . . . . . . . . . . . . . . . . . . $ 8,732,481 $ 7,606,563 USE of funds Expenditures Debt Charges .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,692 - Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 314,765 281 ,862 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 606,312 434,247 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region . . . . . . . . . . . . . . . . . . . . . . . . . . - - - Schools .. . . . . . . . . . . . . . . . . . . . . . . . - - 926,769 716,109 CASH on Hand as at May 31 , 1986 $ 7,805,712 $ 6,890,454 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,384,936 $ 1 ,440,454 Investments .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,420,776 5,450,000 $ 7,805,712 $ 6,890,454 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of May 1986 1986 1985 Balance Receivable - April 30, 1986 $2,783,359 $2,924,903 Additions: Penalties & Interest .. . . . . . . . . . . . 23,107 23,641 Taxes Billed . . . . . . . . . . . . . . . . . . . . . - - 2,806,466 2,948,544 Reductions: Payments Received . . . . . . . . . . . . . . . 988,094 830,267 Balance Receivable - May 31 , 1986 $1 ,818,372 $2,118,277 STATISTICAL INFORMATION for the Month of May 11986 Payment Received - Taxes 2,524 - Other 1 ,219 Tax Certificates Issued 217 Dog Licenses Issued 166 Burial Permit Issued 14 Accounts Payable Cheques Issued 1 ,136 Cheque # 8183298 to 8183567 8382450 8382731 8586146 8586416 44209 44237 35926 36212 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of May 31st 1986 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Continentai Bank 750,000 11 .10% 122D June 2/86 b)Continentai 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 e)Toronto Dominion Bank 694,582 8.63% 33D June 4/86 f)Toronto Dominion Bank 1 ,249,605 8.55% 56D June 27/86 g)Toronto Dominion Bank 476,589 8.63% 119D Aug. 29/86 5,420,776 i i i I i I i CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of May 1986 NAME LOCATION AMOUNT DESCRIPTION Halminen Homes Pt. Lt. 31 , $ 30,328.00 Lot Levies- Phase I Conc. 3 Plan 772 Luverme Inv.'s Pt. Lt. 14, 5,468.75 Lot Levies- Phase II Conc. 2, Bowmanville R. Lovekin Pt. Lt. 28, Conc. 2 416.00 Lot Levies Newcastle DEV-86-16 T. Gascaigne Pt. Lt. 24, Conc. 5 4,375.00 Lot Levies Darlington LD 316/85 to 324/86 M. Tan Pt. Lt. 3, Conc. 4, 625.00 Lot Levies Darlington LD 133/86 Kiddicorp Pt. Lt. 33, Conc. 2 7,424.00 Lot Levies Investments Darlington Twp. Phase 11 542985 Pt. Lot 15, Conc. 3, 1 ,718.75 Lot Levies f Ontario Ltd. Darlington Phase III Craig/ Pt. Lt. 18, Conc. 7, 625.00 Lot Levies Hanarvar Darlington LD 314/85 Nora Brown Pt. Lt. 12, Conc. 2, 625.00 Lot Levies Bowmanviile LD31/86 Hofstede Pt. Lt. 17, Conc. 1 , 625.00 Lot Levies Darlington LD 411/85 D & D Pt. Lt. 13, Conc. 2, 625.00 Lot Levies Securities Bowmanviile LD 51/86 Huron Pt. Lt. 18, Conc. 7, 6,490.00 Lot Levies Developments Darlington Gatehouse Pt. Lt. 35, Conc. 2, 37,286.25 Lot Levies Holdings Darlington Phase 11 I i