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HomeMy WebLinkAboutTR-91-86 VT. 3 (b) TOWN OF NEWCASTLE -' REPORT a ' �. File # > Res. ./' J By-Law # MEETING. General Purpose and Administration Committee DATE: NOVEMBER 17, 1986 REPORT #: TR_911_ FILE #: Sl1B,1ECT: CASH ACTIVITY REPORT - OCTOBER 1986 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administra- tive Committee recommend to Council the following: 1 . That report TR-91-86 be received; and 2. That, in accordance with provision of Chapter 302, Section 810 ) 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 October is as shown on the attached schedule; and 3. That the expenditures for the month of October 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 October 31 , 1986 and the comparative information for the month ended October 31 , 1985. Respectfully submitted, J.R. Blanchard, Treasurer. JRB:RCB:pp V 3 �h� CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of October 1986 1986 1985 CASH on Hand at September 30, 1986 $ 9,829,725 $ 8,344,178 Total Cash for General Operating and Reserve Fund Purposes: Taxes . .. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . 1 ,932,255 1 ,040,429 Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - 3051004 Interest - Reserve. . . . . . . . . . . . . . . . . . . . . . . . 27,045 29,397 - General . . . . . . . . . . . . . . . . . . . . . . . . 24,790 16,559 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 443,142 3391325 Total Cash Available . . . . . . . . . . . . . . . . . . . . . . . $12,256,957 $10,074,892 USE of funds Expenditures Debt Charges . . . . . . . . . . . . . . . . . . . .. . . . . . . . . 388 698 Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 315,637 281 ,139 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,009,749 953,088 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,021 ,479 852,253 - Schools . . . . . . . . . . . . . . . . . . . . . . . . . - - 2,347,253 2,087,178 CASH on Hand as at October 31 , 1986 $ 9,909,704 $ 7,987,714 ANALYSIS as follows Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,669,642 $ 1 ,943,594 Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,240,062 6,044,120 $ 9,909,704 $ 7,987,714 W V b.) CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of October 1986 1986 1985 Balance Receivable - September 30, 1986 $4,296,188 $3,607,276 Additions: Penalties & Interest . . . . . . . . . . . . . 32,174 25,851 Taxes Billed . . . . . . . . . . . . . . . . . . . . . 54,392 - 4,382,754 3,633,127 Reductions: Payments Received . . . . . . . . . . . . . . . 1 ,932,255 1 ,040,429 Balance Receivable - October 31 , 1986 $2,450,499 $2,592,698 STATISTICAL INFORMATION for the Month of October 1986 Payment Received - Taxes 3,146 - Other 1 ,024 Tax Certificates Issued 258 Dog Licenses Issued 24 Burial Permit Issued 13 A—unts Payable Cheques Issued 17192 Cheque # 1413597 to 1413874 1653788 1654072 1835329 1835609 44311 44335 37585 37951 �Vl (�) CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of October 31 , 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 750,000 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 499,364 8.20% 62D Nov. 28/86 g) Royal Bank 990,760 8.30% 40D Dec. 10/86 7,240,062 CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of October 1986 NAME LOCATION AMOUNT DESCRIPTION Glen Watson Nash Road 1 ,830.00 Lot Levies Developments LD 167/168 Kingsberry Pt. Lt. 35, Conc.2, 28,012.50 Lot Levies Properties Darlington 3rd Install New Darlington Pt. Lt. 15, Conc. 1 , 13,906.25 Lot Levies Mills Darlington 18T-81025 Penwest Pt. Lt. 9, Conc. 1 11 ,875.00 Lot Levies Developments Bowmanville -1st & 2nd Install . Plan 1OM-782 Luverme Inv.'s Pt. Lt. 14, Conc. 2 1 ,718.75 Lot Levies Bowmanville Kalee Pt. Ltd. 19, Conc. 8 4,062.50 Lot Levies Investments Darlington Philip Hayman Pt. Lt. 18, Conc. 1 625.00 Lot Levies Clarke LID 308/86 Schleiss & Pt. Lt. 34, Conc. 3 58,187.00 Lot Levies Holland Bowmanville Phase II 18T-77001 Claude & Jean Pt. Lt. 5, Conc. 2 625.00 Lot Levies Harness Clarke LID 290/86