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HomeMy WebLinkAboutTR-55-86 -i U" TOWN OF NEWCASTLE ' REPORT File # Res. # By-Law # MEETING: General Purpose and Administration Committee DATE: JULY 21 , 1986 REPORT #: FILE #: SLRECT: CASH ACTIVITY REPORT - JUNE 1986 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administra- tive Committee recommend to Council the following: 1 . That report TR-55-86 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 June is as shown on the attached schedule; and 3. That the expenditures for the month of June, 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 June 30th, 1986 and the comparative information for the month ended June 30th 1985. Respectfully submitted, xi ' 'J� �t J.R. Blanchard, Treasurer. JRB:RCB:pp CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of June 1986 1986 1985 CASH on Hand at May 31 , 1986 $ 7,805,712 $ 6,890,454 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,217,164 3,868,475 Grants .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - 149,884 Interest - Reserve. . . . . . . . . . . . . . . . . . . . . . . . 30,468 2,795 - General . . . . . . . . . . . . . . . . . . . . . . . . 35,332 14,336 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 404,372 179,938 Total Cash Available $13,493,048 $11 ,105,882 USE of funds Expenditures Debt Charges .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 647 - Payroll . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 212,265 237,456 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 786,968 488,125 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region . . . . . . . . . . . . . . . . . . . . . . . . . . - - - Schools .. . . . . . . . . . . . . . . . . . . . . . . . 3,019,247 2,709,147 4,019,127 3,434,728 CASH on Hand as at June 30, 1986 $ 9,473,921 $ 7,671 ,154 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,025,792 $ 23,221 ,154 Investments .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5048, 129 5050,000 $ 9,473,921 $ 7,671 ,154 U 3 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of June 1986 1986 1985 Balance Receivable - May 31 , 1986 $1 ,818,372 $2,118,277 Additions: Penalties & Interest .. . . . . . . . . . . . 30,255 27,790 Taxes Billed . . . . . . . . . . . . . . . . . . . . . 67047,083 4,916,009 72895,710 7,062,076 Reductions: Payments Received . . . . . . . . . . . . . . . 5,217,164 3,868,475 Balance Receivable - June 30, 1986 $2,678,546 $3,193,601 STATISTICAL INFORMATION for the Month of June 1986 Payment Received - Taxes 117442 - Other 1 ,245 Tax Certificates Issued 287 Dog Licenses Issued 51 Burial Permit Issued 9 Accounts Payable Cheques Issued 892 Cheque # 8799039 to 8799322 51599 51890 44238 44255 36217 36529 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of June 30, 1986 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a)Continentai Bank 500,000 10.20% 121D July 31/86 b)Continental Bank 750,000 9.20% 121D Aug. 29/86 c)Continental Bank 1 ,000,000 9.45% 130D Sept. 5/86 d)Continentai Bank 750,000 8.90% 120D Sept. 30/86 e)Toronto Dominion Bank 476,589 8.63% 119D Aug. 29/86 Man. Imp. Bank of Commerce 1 ,971 ,540 8.50% 62D Aug. 11/86 5,448,129 CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of June 1986 NAME LOCATION AMOUNT DESCRIPTION W.E. Roth Pt. Lt. 34, Conc. 2 $ 4,575.00 Lot Levies Construction Darlington LD 122/86 to 126/86 Lovekin Pt. Lt. 11 , Conc. 2 625.00 Lot Levies Bowmanville LD 255/85 Gatehouse Pt. Lt. 35, Conc. 2 37,286.25 1st Lot Levy Holdings Darlington Payment Kingsberry Pt. Lt. 35, Conc. 2 30,757.50 Lot Levies Properties Darlington Foster Pt. Lt. 29, 30 18,750.00 Lot Levies Creek Conc. 1 , Clarke Gordon White Pt. 11 , B.F. Conc. 625.00 Lot Levies Bowmanville LD 266/86 John DeJong Pt. Lt. 28, Conc. 2 1 ,250.00 Lot Levies Construction Newcastle LD 418/85, 419/85 Jones, Jones Pt. Lt. 32, Conc. 3 23,950.00 Lot Levies Darlington Simpson Pt. Lt. 19, Conc. 2 1 ,875.00 Lot Levies Clarke LD 414/85 - /416/85 Ted Watson Pt. 17, Conc. 1 625.00 Lot Levies Darlington LD 238/86 Webster Pt. Lt. 17, Conc. 5 1 ,875.00 Lot Levies Darlington LD 256/86 - LD259/86