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Home My WebLink AboutTR-29-87 TOWN OF NEWCASTLE REPORT File #_ZaJ-2_,' � Res. # By-Law # GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: May 4, 1987 52 SUBJECT: FILE #: CASH ACTIVITY REPORT - MARCH' 1987 RECOMMENDATIONS: It is respectfully recommended that .the General purpose and Administration committee recommend to Council the following: 1. That report TR-29-87 be received; and 2. That, in accordance with provision of chapter 302, Section 81(1) of the Municipal Act, R.S.O. 1980, the 'ttee that the cash position of Treasurer reports to Comm' the Town of Newcastle for the month ended march, 1987 is as shown on the attached schedule; and 3. That part A of the expenditures for the month of march 1987 be confirmed; and 4. That part B of the expenditures for the month of March 1987 be confirmed. ,,7,,-vr_vnrwTn k COMMENTS: The attached schedules indicate the Corporation of the Town Of Newcastle's cash transactions, the cash and investment position, d statistical information for the -month lot levy information an ended march 31, 1987 and the comparative information for the month ended March 31, 1986. Respectfully submitted, _XA R. Blanchard, Treasurer. JRB/RCB/PP Recommended for presentation to the Qommi_t_tee cirence ,7! KUUDI=L� ie istrative officer CORPORATION OF THE 1XJW0 OF 0fDW3&8TLE Analysis of Cash Position for the Month of March 1987 1987 1986 ' CASH 00 HAND AT FEBRUARY 28, 1986 $ 6,006'860 $ 7v824,544 Total Cash for General Operating and Reserve Fond Purposes: Taxes . .. . . . . . . , . . .. . . . . , . . . . . . ~ . . . 5,006,250 I,436,911 Graoto. . . . . . ^. . . , . , , , , , , , ~ , , , , , , , , Interest - Reserve Fou80. .. . . . ~ . .. 47,357 5,492 - General Fxm]o. .. . . . . . . ~ 7,671 37,389 Other 343,157 264,919 Total Cash Available ~ ^ `^ ^ ` ^ ^ ^ ~ ^ ^ ~ ^ ^^ $11,411,195 8 9,559,255 USE of funds PART Expenditures Debt Cbazges. .. .. . . . .. . . . . . ~ . , . . . . 4,701 5,304 Palrnll.. ~ . . . .~ .. . .. . . . .. .. . . . . . . . 209,958 205,392 General . . ... . . . .. . . . . . . .. . , . . . . . . . 522,147 43I,01I Iutereot. .. . . . ~ . . . . . . .. . . . . .. . . . . . - - Levies - 8egion. .. .. . .. . ~ . . . .~ . .. ~ 916,400 8I1,320 - Soboolo. . .~ .. ., . . . . . ~ . .~ . 3,253,761 2 49% 387 4,906,967 3,945,414 PART B ---' Store - All Mini Storage 120 - Livestock Valuator Fees - - TOTAL EXPENSES 120 - CASH on Hand as At Mezob 31, 1987 $ 6,504,108 5,613,841 ANALYSIS as follows Cash ~ .. . . . . . , .~ . . . . . ~ . . . . . . . . . . ~ . . ¢ 2,770,733 $ 2,1I3,84I Inpeotn)euta . . . . . . . . . . . . . . . . . . . . . . . 3,733,385 3 500 000 $ 6,504,108 5,613,841 CORPORATION OF THE TOWN [FNEWCASTLE CONTINUITY OF 9AdOEG RECEIVABLE for the y&zotb of March 1987 1987 1986 Balance Receivable - February 28, 1987 $ 821,657 $2,293,932 Additions: Penalties & Iotereat. .. . .. . 33,200 19,293 Taxes BilIed. . . . . . . .. . . . . . . 5,120,000 - 5,964,857 2,313,I84 Reductions: Payments Beneivmd. . . . . . . . . 5J006,250 1, C26,911 Balance Receivable - March 3I^ 1987 STATISTICAL INFORMATION for the month of March, 1987 Payment Received - Taxes I31908 ( - Other 1,587 Tax Certificates Issued 388 Dog Licenses Issued 775 Burial Permit Issued 14 Accounts Payable Cheques Issued 836 Cheque # 3666237 to 366653I 3856480 3856777 39 7? 39031 39052 1101 1827 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of March 31, 1987 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE a) Lloyds Bank 1,000,000 7.05 94D July 3/87 b) Lloyds Bank 750,000 8.90 212D Apr. 30/87 c) Lloyds Bank 750,000 7.37 94D June 1/87 d) T.D. Bank 483,700 8.20 150D Apr. 27/87 f) C.I.B.C. 749,685 6.75 60D May 29/87 3,733,385 CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF MARCH 1987 NAME ADDRESS AMOUNT DESCRIPTION Halminen Homes Lt. 17 , Conc. 1 $ 13 , 906 . 25 Lot Levies Darlington Plan 10M784 Manning Pt .Lt. 8 & 9 , Conc. 6, 625 . 00 Lot Levies Clarke LD 292/86 Pine Ridge Park BF Conc. , Lts 33, 34 , 35 4 , 920. 00 Lot Levies Clarke BF Conc , Lots 1 & 2 Darlington Walter Schleiss Pt .Lt. 34 , Conc . 3 58 , 157 . 00 Lot Levies Darlington Penwest Development Pt.Lt. 9, Conc. 1 5, 937 . 50 Lot Levies Darlington Plan 10M782 677922 Ont. Ltd. Lt . 24 , Conc . 5 625. 00 Lot Levies Solina LD 584/86 John F. Eikens Pt.Lt. 35 , Conc. 6 625. 00 Lot Levies Clarke LD 191/86 Clifford Curtis Lt . 33 , Conc . 3 1, 245 . 00 Lot Levies Darlington LD 602/86 Kalee Investments Pt .Lt. 19, Conc . 8 12 , 187 . 50 Lot Levies Darlington Plan 10M786 Griffen Lt . 27 , Conc. 9 625. 00 Lot Levies Darlington LD 378/86 Ronald Mayer Pt .Lt . 14 , Conc . 8 625. 00 Lot Levies Darlington LD 86/86 Ron Sucee Pt .Lt . 11 , Conc . 3 625. 00 Lot Levies Darlington LD 48/82 S . Vaughan Pt.Lt. 20, Conc . 10 1 , 250. 00 Lot Levies Darlington LD 503/504/86 $101 ,353 . 25