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HomeMy WebLinkAboutTR-73-86 TOWN OF NEWCASTLE t REPORT File , zld , z 9 Res. #C °L By-Law # METING: General Purpose and Administration Committee DATE: SEPTEMBER 15, 1986 REPORT #: R-443_86 FILE #: SIJ3,JECT: CASH ACTIVITY REPORT - AUGUST 1986 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administra- -five Committee recommend to Council the following: 1 . That report TR-73-86 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 August is as shown on the attached schedule; and 3. That the expenditures for the month of August 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 August 31st, 1986 and the comparative information for the month ended August 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 August 1986 1986 1985 CASH on Hand at July 31 , 1986 $111799,208 $ 8,923,027 Total Cash for General Operating and Reserve Fund Purposes: Taxes .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 389,445 305,768 Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Interest - Reserve. . . . . . . . . . . . . . . . . . . . . . . . 20,359 62,612 - General . . . . . . . . . . . . . . . . . . . . . . . . 48,094 63,235 Other .. . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 301 ,920 191 ,682 Total Cash Available .. . . . . . . . . . . . . . . . . . . . . . $12,559,026 $ 9,546,324 USE of funds Expenditures Debt Charges .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,268 27,955 Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 234,367 212,170 General . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . 1 ,114,305 537,553 Interest .. . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region .. . . . . . . . . . . . . . . . . . . . . . . . . 1 ,021 ,480 852,252 - Schools .. . . . . . . . . . . . . . . . . . . . . . . . - - 2,393,420 1 ,629,930 CASH on Hand as at August 31 , 1986 $102165,606 $ 7,916,394 ANALYSIS as follows Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,233,452 $ 2,166,394 Investments . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . 6,932,154 5,750,000 $10,165,606 $ 7,916,394 V1 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of August 1986 1986 1985 Balance Receivable - July 31 , 1986 $1 ,105,076 $1 ,468,024 Additions: Penalties & Interest .. . . . . . . . . . . . 22,522 21 ,711 Taxes Billed .. . . . . . . . . . . . . . . . . . . . - 101 ,635 1 ,127,598 1 ,591 ,370 Reductions: Payments Received .. . . . . . . . . . . . . . 389,445 305,768 Balance Receivable - August 31 , 1986 $ 738,153 $1 ,285,602 STATISTICAL INFORMATION for the Month of August 1986 Payment Received - Taxes 558 - Other 1 ,079 Tax Certificates Issued 173 Dog Licenses Issued 28 Burial Permit Issued 19 Accounts Payable Cheques Issued 745 Cheque # 660581 to 660888 814393 814689 44276 44285 36909 37245 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of August 31st 1986 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a) Continental Bank 1 ,000,000 9.45% 130D Sept. 5/86 b) Can. Imp. Bank of Comm. 1 ,182,216 8.45% 64D Sept. 11 /86 c) Continental Bank 750,000 8.90% 120D Sept. 30/86 d) Continental Bank 750,000 8.80% 182D Feb. 27/87 e) Continental Bank 500,000 8.85% 186D Feb. 2/87 f) Can. Imp. Bank of Comm. 21749,938 8.40% 87D Nov. 7/86 6,932,154 V/ r��> CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of August 1986 NAME LOCATION AMOUNT DESCRIPTION Halminen Pt. Lt. 31 , Conc. 3 30,328.11 Lot Levies Homes Bowmanville Plan 772, Phase I Bowmanville Pt. Lot 15, Conc. 3 1 ,718.75 Lot Levies Heritage Est. 's Darlington Plan 10M780 Kiddicorp Pt. Lt. 15, Conc. 1 13,906.25 Lot Levies Developments Darlington 18T-81025 Pypker Pt. Lot 13, Conc. 1 625.00 Lot Levies Enterprise Ltd. Bowmanville LD 140/86 A. Willison Pt. Lot 31 , Conc. 3 625.00 Lot Levies Darlington LD 273/86 R. Simpson Pt. Lot 19, Conc. 2 1 ,875.00 Lot Levies Clarke LD 304,305,306/86 N. Griffioen Pt. Lt. 15, Conc. 3 625.00 Lot Levies Darlington LD 351/86 J. Rekker Pt. Lot 18, Conc. 2 625.00 Lot Levies Darlington LD 186/86 Wm. Vogel Pt. Lt. 25, Conc. 3 625.00 Lot Levies Clarke LD 269/85 I I i i I i I i