HomeMy WebLinkAboutTR-69-86 3 , 4)
TOWN OF NEWCASTLE
-� REPORT File # I� � k
Res. #e, p.!d Al
By-Law #
MEETING: General Purpose and Administration Committee
DATE: SEPTEMBER 2, 1986
REPORT #: TR_69-86 FILE #:
SUB,JECT:
CASH ACTIVITY REPORT - JULY 1986
RECOMMENDATIONS:
it is respectfully recommended that the General Purpose and Administra-
tive Committee recommend to Council the following:
1 . That report TR-69-86 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 July is as shown on the attached schedule; and
3. That the expenditures for the month of July 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 July 31st,
1986 and the comparative information for the month ended July 31st
1985.
Respectfully submitted,
J.R. Blanchard,
Treasurer.
JRB:RCB:pp
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of July 1986
1986 1985
CASH on Hand at June 30, 1986 $ 9,473,921 $ 7,671 ,154
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,693,768 1 ,779,086
Grants • • . . . . . . . . . . . . . . . . . . . . . . . . 535,200 509,100
Interest - Reserve. . . . . . . . . . . . . . . . . . . . . . . . 4,416 2,947
Other , , . , .General . . . . . . . . . . . . . . . . . . . . . . 12,563 36,685
. . . . . . . . . . . . . . . . . . • • • • • . 969,425 371 ,979
Total Cash Available .. . . . . . . . . . . . . . . . . . . . . . $12,689,293 $10,341 ,961
USE of funds
Expenditures
Debt Charges . . . . . . 18,859 20,457
Payroll • • • • 232,099 223,564
General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 639,127 1 ,174,913
Interest _
Levies - Region . . .. . . . . . . . . . . . . . . . . . . . . . . - -
- Schools .. . . . . . . . . . . . . . . . . . . . . . . .
890,085 1 ,418,934
CASH on Hand as at July 31 , 1986 $11 ,799,208 $ 8,923,027
ANALYSIS as follows
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,430,983 $ 1 ,673,027
Investments .. . . . . . . . . . . . . . . . .. . . . . . . . . . . . 9,368,225 7,250,000
$11 ,799,208 $ 8,923,027
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of July 1986
1986 1985
Balance Receivable - July 31 , 1986 $2,678,546 $3,193,601
Additions: Penalties & Interest .. . . . . . . . . . . . 25,666 23,519
Taxes Billed . . .. . . . . . . . . . . . . . . . . . 94,632 -
2,798,844 3,217,120
Reductions: Payments Received . . . . . . . . . . . . . . . 1 ,693,768 1 ,749,096
Balance Receivable - July 31 , 1986 $1 ,105,076 $1 ,468,024
STATISTICAL INFORMATION
for the Month of July 1986
Payment Received - Taxes 3,965
- Other 1 ,301
Tax Certificates Issued 313
Dog Licenses Issued 37
Burial Permit Issued 11
Accounts Payable Cheques Issued 912
Cheque # 259777 to 260075
460291 460585
44256 44275
36530 36790
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of J u l y 31st, 1986
INTEREST DUE
INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE
a)Can. Imp. Bank of Comm. 1 ,971 ,540 8.50% 62D Aug. 11/86
b)Can. Imp. Bank of Comm. 1 ,487,880 8.50% 35D Aug. 12/86
c)Can. Imp. Bank of Comm. 1 ,250,000 8.55% 32D Aug. 29/86
d)Continental Bank 750,000 9.20% 121D Aug. 29/86
e)Toronto Dominion 476,589 8.63% 119D Aug. 29/86
()Continental Bank 1 ,000,000 9.45% 130D Sept. 5/86
g)Can. Imp. Bank of Comm. 1 ,182,216 8.45% 64D Sept. 11 /86
h) Continental Bank 750,000 8.90% 120D Sept. 30/86
1 ) Continental Bank 500,000 8.85% 186D Feb. 2/87
9,368,225
CORPORATION OF THE TOWN OF NEWCASTLE
Lot Levies
for the month of July 1986
NAME LOCATION AMOUNT DESCRIPTION
Dorothy Lot 31 , Conc. 7 625.00 LD 197/86
Snowden Darlington Lot Levy
L. Veselinovic Pt. Lot 31 , Conc. 4 625.00 LD 400/85
Clarke Lot Levy
Senyle Pt. Lt. 35, Conc. 4 1 ,875.00 LD 92,93794/86
Darlington Lot Levies
G. Elliott Pt. Lot 4, Conc. 2 17875.00 LD 240,241 ,242/86
Clarke Lot Levies
Ron Wierstra Lot 25, Conc. 9 625.00 LD 223/85
Darlington Lot Levy
G.S. Kovacs Pt. Lot 2, Conc. 9 625.00 LD 195/86
Darlington Lot Levy
Huron Trail Pt. Lot 18, Conc. 7 3,437.50 Phase II 1OM-775
Developments Darlington Lot Levy
Rudolf Pt. Lot 9, BF Conc. 625.00 LD 178/86
Schneikel Clarke Lot Levy
Peter Novosad Pt. Lt. 22, Conc. 2 625.00 LD 120/86
Darlington Lot Levy
Ted Watson Pt. Lt. 171 Conc. 1 625.00 LD/ 238/86
Farms Ltd. Darlington Lot Levy
Parkhill & Pt. lot 17, Conc. 5 1 ,875.00 LD 256/86 to
Yanch Darlington LD 259/86
Lot Levy