HomeMy WebLinkAboutTR-6-87 TOWN OF NEWCASTLE
REPORT
File #
Res. # ��.
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By-Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: FEBRUARY- 2 1987
REPORT #: TR-6-87 FILE #:
SM ECT:
CASH ACTIVITY REPORT - DECEMBER, 1986
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-6-87 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 December 1986
is as shown on the attached schedule; and
3. That the expenditures for the month of December 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 December 31, 1986 and the comparitive information for the
month ended December 31, 1985.
Respectfully submitted, Recommended for presentation
to the Committee
R. Blanchard, I wrence i Kotseff
Treasurer. Chief A i istrative Officer
JRB/RCB/pp
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of November 1986
1986 1985
CASH ON HAND AT NOVEMBER 30, 1986 $ 9,967,649 $ 7,611,675
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes. . . . . . . . .. . . . .. . . .. . .. ... . . .. 630,254 408,512
Grants. . . . . . ... .. . . . . ... .. . .. . . . .. 297,592 -
Interest - Reserve. . . . .. . .. .. . ... . 17,254 40,226
- General. . . . .. . .. . . . ... . 35,894 34,157
Other. .. . . . .... . . . . . . . .. . . . . .. ... . 279,572 266,250
Total Cash Available. . . . . . . . . . . . ... . $11,228,215 $ 8,360,820
USE of funds
Expenditures
Debt Charges. .. . . .. . . .. .. .. . .. . . .. - -
Payroll.. . . .. . . . .. . . . .. . . .. . .. . . .. 285,025 216,603
General. . .. .. .. . . . . . . ... . .. . ... . .. 836,335 646,642
Interest. . . . . . . . . .. .. . . . . .. . .. . . . . - -
Levies - Region. . . .. . . .. . .. .. . ... . - -
- Schools. . . . . . . . . .. . . . ... . 3,224,342 2,517,726
4,345,702 3,380,971
CASH on Hand as At December 31, 1986 $ 6,882,513 $ 4,979,849
ANALYSIS as follows
Cash. . . . . . . . .. . . . . . . .... . . . . .. . . .. $ 2,910,693 $ 2,479,849
Investments... . . . . . . . .. . . . . .. . . . .. 3,971,820 2,750,000
$ 6,882,513 $ 4,979,849
CORPORATION OF THE TOWN OF NEWCASTLE )
CONTINUITY OF TAXES RECEIVABLE
for the Month of December 1986
1986 1985
Balance Receivable - November 30, 1986 $2,2601,475 $2,371,647
Additions: Penalties & Interest. . . . . . . 19,142 18,1018
Taxes Billed. .. . .. .. .. . ... . 1101,638 -
2,390,255 2,389,755
Reductions: Payments Received. . . . .. .. . 6301,254 408,512
Balance Receivable - December 301, 1986 $1,760,0011 $1,981,243
STATISTICAL INFORMATION
for the month of December 1986
Payment Received - Taxes 1,040
- Other 1,045
Tax Certificates Issued 217
Dog Licenses Issued 53
Burial Permit Issued 16
Accounts Payable Cheques Issued 997
Cheque # 2472879 to 2473177
2755634 1755941
44356 44367
38297 38698
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of December 31, 1986
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) Continental Bank 750,0010 8.801 182D Feb. 27/87
b) Continental Bank 500,00101 8.85 186D Feb. 2/87
c) Continental Bank 1,01001,0001 8.70 2017D Mar. 31/87
d) Continental Bank 7501100101 8.90 212D Apr. 301/87
e) T.D. Bank 488,1201 8.15 109D Mar. 17/87
f) T.D. Bank 483,7001 8.201 1501D Apr. 27/87
3,971,8201
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CORPORATION OF THE TOWN OF NEWCASTLE
Lot Levies
for the month of December I986
0&ME LOCATIO0 &M(�]0T DESCRIPTION
E.C. Bay Lot Il, B.F. Conc. 625.00 Lot Levies
Clarke QQ 462/86
Cooctioe Heights Lot 31, Cboo.3 64'670,00 Lot Levies
Development Darlington lat Payment
Dbeoe II
Plan l0M-783
Kiogobercl' Pt. Lt. 35, 6,225,00 Lot Levies
Properties Conc. 2, DarI. Q} 575/86,
576/86, 588/86
Veltzi & Sons Mearos Ave. 13,750.00 Lot Levies
Bovmauville Phase I
V�lma J. AJIiu Pt. Lt. 20, 1,250.00 Lot Levies
Conc. l, Clarke LQ 589/86
& Q} 590/86
J. Vidak Pt. Lt. 23, Conc. 2 625.00 Lot Levies
Darlington [Q 495/86
J. 8avIes Pt. Lt. 15, C000, 3 625.00 Lot Levies
Darlington Q} 546/86
Loverne Investments [t. 14, Conc. 2 3,437.50 Lot Levies
Darlington Plan IOM-778