HomeMy WebLinkAboutTR-15-87 TOWN OF NEWCASTLE
REPORT File
Res. # ��
-- By-Law #
METING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: March 16, 1987
REPORT #:TR-15-87 FILE #:
SUB,JECT: CASH ACTIVITY REPORT - FEBRUARY, 1987
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-15-87 be received; and
2. That, in accordance with provision of Chapter 3012,
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 February, 1987
is as shown on the attached schedule; and
3. That the expenditures for the month of February, 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 February 28, 1987 and the comparative information for the
month ended February 28, 1986.
Respectfully submitted, Recommended for presentation
to the Committee
.R. Blanchard, 40CZiiefVistrative tseff
Treasurer. Officer
JRB/RCB/pp
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Cash Position
for the Month of February 1987
1987 1986
CASH ON HAND AT ,JANUARY 31, 1986 $ 5,876,419 $ 4,971,997
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes. . . . . .. . . . . . . .. . . . . . . .. . . . . . . 712,218 -
Grants. . .. . . . .. . . . .. . . .. . . . .. . . . . . - -
Interest - Reserve. . . . . . . . . . . . . . . . 23,788 63,375
- General.. . .. . ... . . . . . . . 13,422 10,460
Other. . . . .. . . .. .. . . . .. .. . . . .. .. . . . 240,917 314,179
Total Cash Available. . .. . . .. . . . . . . . . $ 6,866,764 $ 8,702,376
USE of funds
Expenditures
Debt Charges. . . .. . . . . . .. . . . . . .. . . . - -
Payroll. . . . . .. .. . . .. . . . . .. . .. . . . . . 230,916 209,263
General. . . . . . . . . . . . . . . . . . . . . . .. . . . 628,988 668,569
Interest. . . . . .. . . . .. .. . . . . . .. . . . . . - -
Levies - Region. . . .. .. . . . . . .. . . . . . - -
- Schools. . . . . . .. .. . . . . . . . . - -
859,904 877,832
CASH on Hand as At February 28, 1987 $ 6,006,860 $ 7,824,544
ANALYSIS as follows
Cash. . . . .. . .. . . .. . . . . . . . . . . .. .. . . . $ 2,535,040 $ 3,592,043
Investments. . . . . . . .. . . . . .. . . . . . . . . 3,471,820 3,250,000
$ 6,006,860 $ 6,842,043
CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of February 1987
1987 1986
Balance Receivable - January 31, 1986 $1,516,077 $1,391,427
Additions: Penalties & Interest. . .. . .. 17,798 22,665
Taxes Billed. . . . . .. . .. . . . .. - 4,222,305
1,533,875 5,636,397
Reductions: Payments Received.. . . . . . . . 712,218 3,342,465
Balance Receivable - February 28, 1987 $ 821,657 $2,293,932
STATISTICAL INFORMATION
for the month of February, 1987
Payment Received - Taxes 1856
- Other 1191
Tax Certificates Issued
57
Dock Licenses Issued 327
Burial Permit Issued 7
Accounts Payable Cheques Issued 1054
Cheque # 3264434 to 3264721
3465336 3465629
CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of February 28, 1987
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) Continental Bank 1,000,000 8.70 207D Mar. 31/87
b) Continental Bank 750,000 8.90 212D Apr. 301/87
c) Lloyds Bank 7501,0001 7.37 94D June 1/87
d) T.D. Bank 488,120 8.15 109D Mar. 17/87
f) T.D. Bank 483,700 8.20 150D Apr. 27/87
3,471,820
CORPORATION OF THE TOWN OF NEWCASTLE
Lot Levies
for the month of February, 1987
NAME LOCATION AMOUNT DESCRIPTION
Harold Evans Lot 23, Conc. 3 $1,250.00 Lot Levies
Darlington LD 631/86
LD 752/86
Courtice Heights Lot 31, Conc. 3 34,342.00 Lot Levies
Development Darlington 2nd Payment
Phase II
Plan IOM-783
C & P Brown Lot 3, Conc. 7 625.0101 Lot Levies
Darlington LD 228/86
W & L Lover Pt. Lt. 6, Block E 625.001 Lot Levies
Hannings Plan LD 707/86
59 Mill Street
Newcastle Village
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