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Home My WebLink AboutTR-103-86 3(d) TOWN OF NEWCASTLE 1 ' REPORT File # , rti Res. # -- �. By-Law # MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: December 15, 1986 REPORT #: TR-103-86 FILE #: SUD.ECT: CASH ACTIVITY REPORT - NOVEMBER, 1986 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1 . That report TR-103-86 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 November is as shown on the attached schedule; and 3. That the expenditures for the month of November 1986 be confirmed. BACKGROUND & 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 November 30, 1986 and the comparative information for the month ended November 30, 1985. Respectfully submitted, Recommended for presentation to the Committee (/J.R. Blanchard, awrence Kotseff Treasurer. Chief A t istrative Officer JRB/RCB/pp CORPORATION OF THE TOWN OF NEWCASTLE � J Analysis of Cash Position for the Month of November 1986 1986 1985 CASH ON HAND AT OCTOBER 31 , 1986 $ 9,909,704 $ 7,987,714 Total Cash for General Operating and Reserve Fund Purposes: Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215,072 333,316 Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 315,670 - Interest - Reserve. . . . . . . . . . . . . . . . 5,062 29,730 - General. . . . . . . . . . . . . . . . 71,417 35,205 Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 381 ,880 287,264 Total Cash Available. . . . . . . . . . . . . . . . $10,898,805 $ 81673,229 USE of funds Expenditures Debt Charges. . . . . . . . . . . . . . . . . . . . . . 11,963 21 ,088 Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 209,596 187,244 General. . . . . . . . . . . . . . . . . . . . . . . . . . . 709,597 853,222 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region. . . . . . . . . . . . . . . . . . . - - - Schools. . . . . . . . . . . . . . . . . . - - 931 ,156 1 ,0612554 CASH on Hand as At November 30, 1986 $ 9,9672649 $ 72611 ,675 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,517,774 $ 3,067,555 Investments. . . . . . . . . . . . . . . . . . . . . . . 62449,875 4,5442130 $ 929672649 $ 72611 ,675 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of November 1986 1986 1985 Balance Receivable - October 31 , 1986 $2,450,499 $2,592,698 Additions: Penalties & Interest. . . . . . . 25,048 22,6114 Taxes Billed. . . . . . . . . . . . . . . - 89,651 2,475,547 2,704,963 Reductions: Payments Received. . . . . . . . . 215,072 333,316 Balance Receivable - November 30, 1986 $2,260,475 $2,371 ,647 STATISTICAL INFORMATION for the month of November 1986 Payment Received - Taxes 359 - Other 779 Tax Certificates Issued 271 Dog Licenses Issued 15 Burial Permit Issued 16 Accounts Payable Cheques Issued 902 Cheque # 2057253 to 2057522 2235638 2235919 44336 44355 37952 38296 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As' of November 30, 1986 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE a) Continental Bank 750,000 8.80 182D Feb. 27/87 b) Continental Bank 500,000 8.85 186D Feb. 2/87 c) Continental Bank 1 ,000,000 8.70 207D Mar. 31/87 d) Continental Bank 750,000 8.90 212D Apr. 30/87 e) Royal Bank 990,760 8.30 40D Dec. 10/86 f) T.D. Bank 1 ,487,205 8.26 38D Dec. 15/86 g) T.D. Bank 488,120 8. 15 109D Mar. 17/87 h) T.D. Bank 4832700 8.20 150D Apr. 27/87 6,449,785 CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of November 1986 NAME LOCATION AMOUNT DESCRIPTION Penwest Development Pt. Lt. 9, Cone. 1 $ 5,937.50 Lot Levies Bowmanville 3rd Installment Phase I Plan 10M-782 Kiddicorp Invest. Pt. Lt. 15, Cone. 1 13,906.25 Lot Levies Darlington 3rd Installment Plan 10M-784 Wilmot Creek Lots 1 , 2, 3, 4, 29,260.00 Lot Levies B.F. Cone. Darl. Lots 33, 34, 35, B.F. Cone. Clarke Gatehouse Holdings Pt. Lt. 35, Cone. 2 37,286.25 Lot Levies Darlington Final Install. Phase III Plan 10M-773 The Quadrillium Pt. Lt. 8, Cone. 1 3, 125.00 Lot Levies Corp. Clarke re LD432/85 -LD436/85 Foster Creek Dev. 's Pt. Lt. 29, 30 21 ,250.00 Lot Levies Cone. 1 , Clarke Last Install. 18T-19720 Plan 10M-776 Schleiss & Holland Pt. Lt. 34 58, 187.00 Lot Levies Cone. 3, Darlington W. Kay Lycett Pt. Lt. 28, Cone. 5 1 ,250.00 Lot Levies Clarke, Main St. LD 333-86 LD 334-86