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HomeMy WebLinkAboutTR-11-87 TOWN OF NEWCASTLE' =' REPORT File # Res. # By-Law # MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: February 16, 1987 REPORT #: TR_3:1-87 FILE #: SUIB,JECT: CASH ACTIVITY REPORT - JANUARY, 1987 RECOMMENDATIONS: It is respectfully .recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-11-87 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 January, 1987 is as shown on the attached schedule; and 3. That the expenditures for the month of January, 1987 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 January 31, 1987 and the comparative information for the month ended January 31, 1986. Respectfully submitted, Recommended for presentation to the Committee /�+ .R. Blanchard, takence E. tseff Treasurer. Chief Admi s rative Officer JRB/RCB/pp CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Cash Position for the Month of January 1987 1987 1986 CASH ON HAND AT DECEMBER 31, 1986 $ 6,882,513 $ 4,979,849 Total Cash for General Operating and Reserve Fund Purposes: Taxes. . . . . . . . . . . . . . . . . .. . . . . . .. . . . 261,903 228,137 Grants. . . . . .. . . . . . . .. . . . .. . . . . . . . . - 554,100 Interest - Reserve. . . . .. .. . . . . . .. . 2,191 4,128 - General. . . .. . . . . . . .. . . . 16,110 11,273 Other. .. .. . .. . . . .. . . . . . . . . . . . . . . . . 209,748 262,597 Total Cash Available. . . . .. .. . . . .. . . . $ 7,372,465 $ 6,040,084 USE of funds Expenditures Debt Charges. . .. .. . .. . .. . . .. . .. . . . 89,212 76,312 Payroll. . . . . . . . . . . . . . . . . .. . . . . . .. . 217,981 209,313 General. . . . . .. . . . . . .. . . . .. . . . . . . . . 1,188,853 782,462 Interest. .. . . .. . . .. .. .. . .. . . . . . . . . - - Levies - Region. .. . .. .. . .. . . . . . . . . - - - Schools. . . . . . .. . . . . . . . . . . - - 1,496,046 1,068,087 CASH on Hand as At January 31, 1987 $ 5,876,419 $ 4,971,997 ANALYSIS as follows Cash. . .. . . . .. . . . . . . . . ... . . . . . .. . . . $ 1,904,599 $ 2,221,997 Investments.. . .. .. . . . ... . . . .. .. . . . 3,971,820 2,750,000 $ 5,876,419 $ 4,971,997 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of January 1987 1987 1986 Balance Receivable - December 31, 1986 $1,7601,01011 $1,601,456 Additions: Penalties & Interest. .. .. . . 17,979 18,108 Taxes Billed. . . . . .. . . . . . . . . - - 1,777,9801 1,619,564 Reductions: Payments Received. . . . . . . . . 261,903 228,137 Balance Receivable - January 31, 1987 $1,516,0177 $1,391,427 STATISTICAL INFORMATION for the month of January, 1987 Payment Received - Taxes 318 - Other 735 Tax Certificates Issued 177 Dog Licenses Issued 126 Burial Permit Issued 16 Accounts Payable Cheques Issued 9101 Cheque # 2868959 to 2869252 30172123 3072406 443701 44371 38699 3901301 24 38 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of January, 1987 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE a) Continental Bank 500,000 8.85 186D Feb. 2/87 b) Continental Bank 750,000 8.80 182D Feb. 27/87 c) Continental Bank 1,000,000 8.70 207D Mar. 31/87 d) Continental Bank 750,000 8.90 212D Apr. 30/87 e) T.D. Bank 488,120 8.15 109D Mar. 17/87 f) T.D. Bank 483,700 8.20 150D Apr. 27/87 3,971,820 CORPORATION OF THE TOWN OF NEWCASTLE Lot Levies for the month of January 1987 NAME LOCATION AMOUNT DESCRIPTION Allindale Ltd. Pt. Lt. 4, Conc. 5 625.00 Lot Levies Darlington LD 490/86 Morton Pt. Lt. 17, Conc. 6 625.0101 Lot Levies Clarke LD 5101/86 Ridge Pine Park BF Conc. Lots 33, 9,840.00 Lot Levies Wilmot Creek 34, 35, Clarke BF Conc. Lot 1 & 2, Darlington Stanely Senico Pt. Lt. 35, Conc. 6 625.010 Lot Levies Clarke LD 746/86 Henry Schoonderbech Pt. Lt. 26 & 27 625.00 Lot Levies Conc. 8, Darlington LD 443/86 E.G. Hay Lot 11, BF Conc. 625.001 Lot Levies Clarke LD 462/86 Courtice Lot 31, Conc. 3 34,342.001 Lot Levies Heights Development Darlington 10M-783 lst Pmt. Phase II