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Home My WebLink AboutTR-36-87 TOWN OF NEWCASTLE f t REPORT File # j Res. # B -Law # y hEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: June 1, 1987 REPORT #: TR-3 -R7 FILE #: SUB,JECT: CASH ACTIVITY REPORT - APRIL, 1987 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-36-87 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 April, 1987 is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of April, 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 April 30, 1987 and the comparative information for the month ended April 30, 1986. Respectfully submitted, Recommended for presentation to the Committee fpy p P /',J.R. Blanchard, L wrence Kotseff Treasurer. Chief A nistrative Officer JRB/RCB/pp CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of April 1987 PART A 1987 1986 CASH ON HAND AT MARCH 31, 1987 $ 6,504,108 $ 5,613,841 Total Cash for General Operating and Reserve Fund Purposes: Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,732,128 2,343,2701 Grants. . .. .. . . .. . . . . . . . . . . . . . . . . . . 476,600 174,700 Interest - Reserve Funds. .. . . . . .. . 43,847 30,418 - General Funds. . . . . . . . . . 22,436 17,482 Other. . . .. . . . . . . . . . . . .. .. . . . . . .. . . 438,185 644,204 Total Cash Available. . . . . . . . . . . . .. . . $10,217,304 $ 8,823,915 USE of funds Expenditures Debt Charges. . . . . . . . . . . . . . . . . . . .. . - - Payroll. . . . . . . . . . . . . . .. . . . . .. . . . . . 325,171 198,947 General. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,072,538 823,485 Interest. . . . . . . . . . . . . . .. . . . . . . .. . . - - Levies - Region. . . . . . . . . . . . . . . .. . . 916,40101 811,3201 - Schools. .. .. . . . . . . ... .. . . - 515,538 TOTAL EXPENSES 2,314,1019 2,349,290 CASH on Hand as At April 301, 1987 $ 7,9013,075 $ 6,474,625 ANALYSIS as follows Cash. .. . .. . . . . . . . . . .. . . . . . . . . . .. . . $ 4,653,390 $ 3,474,625 Investments. . . . . .. .. . . . .. . . . . . . . . . 3,249,685 3,000,000 $ 7,903,075 $ 6,474,625 3 Ca CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of April 1987 1987 1986 Balance Receivable - March 31, 1987 $ 958,6017 $ 886,273 Additions: Penalties & Interest. . . . . .. 21,845 25,783 Taxes Billed. . . . . . . . . . . . . . . 5,120,3101 4,214,573 6,100,762 5,126,629 Reductions: Payments Received. . . . .. . . . 2,732,128 2,343,270 Balance Receivable - April 30, 1987 $3,368,634 $2,783,359 STATISTICAL INFORMATION for the month of April, 1987 Payment Received - Taxes 6,753 - Other 1,208 Tax Certificates Issued 250 Dog Licenses Issued 357 Burial Permit Issued 14 Accounts Payable Cheques Issued 1,308 Cheque # 4057044 to 4057354 4268044 42683301 4452448 4452745 78 93 1828 2253 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of April 30, 1987 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE a) Lloyds Bank 1,000,0001 7.05 94D July 3/87 b) Lloyds Bank 750,0001 8.0175 92D July 31/87 c) Lloyds Bank 7501,00101 7.37 94D June 1/87 d) C.I.B.C. 749,685 6.75 60D May 29/87 3,249,685 CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF APRIL 1987 NAME &DDD888 AMOUNT DESCRIPTION Pine Ridge Park BF Conc. , Lts 33 , 24 , 35 4 , 305. 00 Lot Levies Clarke BF Conc. , Lots l & 2 Darlington George Barclay Lt . 34 , Conc. 2 1, 245. 00 Cot Levies Darlington LD I57/86 Gnnitb Dt.Lt. 29 , Conc . 8 625 . 00 Lot Levies Darlington LD I70/86 Stapleton Dt .Lt. l] , Conc. 2 1, 250 . 00 Lot Levies Clarke LD 508/509/86 BIeasdaIe Lt. 32 , Conc. 8 625 . 00 Lot Levies Clarke LD 23/87 464367 Ont. Ltd. [t. 24 , Conc. 5 2, 000 . 00 Lot Levies Darlington Plan 10yY768 PK Developments [t. 32 , Conc . 3 1, 562. 50 Lot Levies Darlington Plan 10M774 W. YeIlnwleeo Lt. 27 , Conc. G 625 . 00 Lot Levies Darlington LD 12/87 Joao Brook Lt. 29 , Conc. 4 625 . 00 Lot Levies Clarke LD 302/86 ' Marianna Dev. Condominium Complex 6^ 864 . 00 Lot Levies Queen St . , BowmanvilIe Irwin Hamilton Lt. l% , Conc. l 2, 080. 00 Lot Levies BowmauvilIe G. Feddema Lt. l3 ° Conc. 4 625. 00 Lot Levies Darlington LD 23I/86