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HomeMy WebLinkAboutTR-81-86 TOWN OF NEWCASTLE REPORT File # o ') Res. By-Law # MEETING: Genera{ Purpose and Administration Committee DATE: OCTOBER 20, 1986 REPORT #: FILE #: SUB,JECT: CASH ACTIVITY REPORT - SEPTEMBER 1986 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administra- tive Committee recommend to Council the following: 1 . That report TR-81-86 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 September is as shown on the attached schedule; and 3. That the expenditures for the month of September 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 September 30, 1986 and the comparative information for the month ended September 30, 1985. Respectfully submitted, J.R. Blanchard, Treasurer. J RB:RCB:p p CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash (Position for the Month of September 1986 1986 1985 CASH on Hand at August 31 , 1986 $10,1651606 $ 7,916,394 Total Cash for General Operating and Reserve Fund Purposes: Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,709,092 2,756,625 Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 312,500 48,215 Interest - Reserve. . . . . . . . . . . . . . . . . . . . . . . . 72,551 3,127 - General . . . . . . . . . . . . . . . . . . . . . . . . 31 ,975 41 ,982 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 589,680 802,860 Total Cash Available .. . . . . . . . . . . . . . . . . . . . . . $13,881 ,404 $11 ,569,203 USE of funds Expenditures Debt Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,694 22,543 Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 226,779 208,189 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 752,136 501 ,906 Interest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region . . . . . . . . . . . . . . . . . . . . . . . . . . - - - Schools .. . . . . . . . . . . . . . . . . . . . . . . . 3,040,070 2,492,387 4,051 ,679 3,225,025 CASH on Hand as at September 30, 1986 $ 9,829,725 $ 8,344,178 ANALYSIS as follows Cash .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,580,302 $ 5,594,178 Investments . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . 7,249,423 2,750,000 $ 92829 725 $ fit,344,178 l . (o) CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of September 1986 1986 1985 Balance Receivable - August 31 , 1986 $ 7381153 $1 ,285,602 Additions: Penalties & Interest .. . . . . . . . . . . . 28,750 29,165 Taxes Billed . . . . . . . . . . . . . . . . . . . . . 6,238,377 5,049,034 7,005,288 6,363,901 Reductions: Payments Received . . . . . . . . . . . . . . . 2,709,092 21756,625 Balance Receivable - September 30, 1986 $4,296,188 $3,607,276 STATISTICAL INFORMATION for the Month of September 1986 Payment Received - Taxes 5,628 - Other 1 ,586 Tax Certificates Issued 237 Dog Licenses Issued 36 Burial Permit Issued 12 Accounts Payable Cheques Issued 958 Cheque # 1048613 to 1048915 1207752 1208054 44286 44310 37246 37584 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of September 30, 1986 INTEREST DUE INVESTMENT PLACED WITH AMOUNT RATE TERMS DATE a) Can. Imp. Bank of Comm. 2,749,938 8.40% 87D Nov. 7/86 b) Continental Bank 7501000 8.80% 182D Feb. 27/87 c) Continental Bank 500,000 8.85% 186D Feb. 2/87 d) Continental Bank 1 ,000,000 8.70% 207D Mar. 31 /87 e) Continental Bank 750,000 8.90% 212D Apr. 30/87 f) Toronto-Dominion 1 ,000,121 8.10% 39D Oct. 31 /86 g) Toronto-Dominion 499,364 8.20% 62D Nov. 28/86 7,249,423 CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of September 1986 NAME LOCATION AMOUNT DESCRIPTION Carson Wilson Lt. 8, Conc. 5 625.00 Lot Levies Clarke LD 291/86 Foster Creek Pt. Lts. 29 & 30 18,750.00 Lot Levies Conc. 1 , Clarke Plan 10M776 Aumond & Yvonne Pt. Lt. 26, Conc. 1 625.00 Lot Levies Young Clarke LD 299/86 Gatehouse Pt. Lt. 35, Conc. 2 37,286.20 Plan 10M773 Holdings Ltd. Darlington 3rd Installment Wilmot Creek Lots 1 ,2,3,4, BF. Conc. , Darl . 93,125.00 Lot Levies Lot 33, 34, 35 BF. Conc. Clarke Bob Craig Lot 11 , Conc. 4 1 ,250.00 Lot Levies Darlington LD 416/86 & 417/86 Courtice Pt. Lt. 31 , Conc. 3 30,328.00 Lot Levies - 3rd Installment Heights Dev. Darlington Plan 10M772 Kingsberry Pt. Lt. 35, Conc. 2 36,247.50 Lot Levies Property Darlington J. Rekker Pt. Lt. 18, Conc. 2 1 ,250.00 Lot Levies Darlington LD 187/86 & 188/86 Valeri Sol Pt. Lt. 21 , Conc. 2 625.00 Lot Levies Darlington LD 147/86