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Home My WebLink AboutTR-45-87 �n ""°" "' .� TOWN OF NEWCASTLE C t3 REPORT File # ° Res. ____�• �• By-Law # (STING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: June 15, 1987 REPORT #: TR-45-87 FILE #: SUB,JECT: CASH ACTIVITY REPORT - MAY, 1987 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-45-87 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 May 31, 1987 is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of May, 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 May 31, 1987 and the comparative information for the month ended May 31, 1986. Respectfully submitted, Recommended for presentation to t e Committee J.R. Blanchard, Lawrenc . Kotseff Treasurer. Chief 41 nistrative Officer JRB/RCB/pp LJ I; CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of May 1987 PART A 1987 1986 CASH ON HAND AT APRIL 301, 1987 $ 7,903,075 $ 6,474,625 Total Cash for General Operating and Reserve Fund Purposes: Taxes. . . .. . . . . . . . . . . . . . .. . .. . . . . . . 1,229,431 988,0194 Grants. . . . . .. . . . . . .. . . . . . .. . .. . . . . 563,1010 683,578 Interest - Reserve Funds. . .. .. . . . . 7,011 50,239 - General Funds. . . . . . . . . . 19,229 9,096 Other. . . . . . . . . . . . . .. . . . . . . . . .. . . . . 904,364 526,849 Total Cash Available. . . . . . . . . .. . . . . . $10,626,210 $ 8,732,481 USE of funds Expenditures Debt Charges. . . . . . . . . . . . . .. . .. . . . . - 5,692 Payroll... .. . . . . . . .. . . . . . . .. . . . . . . 259,645 314,765 General... . . . . . . . . . . . . . . . . . . . . . . . . 798,581 606,312 Interest. . . . . .. . . . . . . . . . . . . . . . . . . . - - Levies - Region. . . . . . . . . . . . .. . . . . . - - - Schools. . . . . . . . .. .. . . . . . . - - TOTAL EXPENSES 1,058,226 926,769 CASH on Hand as At May 31, 1987 $ 9,567,984 $ 7,805,712 ANALYSIS as follows Cash. . . .. . . . . . . . . . . . . . . .. . .. .. . . . . $ 3,605,699 $ 2,384,936 Investments. . . . . . . . . . . .. . .. . . . . . . . 5,962,285 5,420,776 $ 9,567,984 $ 7,805,712 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of May 1987 1987 1986 Balance Receivable - April 30, 1987 $3,368,634 $2,783,359 Additions: Penalties & Interest. . . . . . . 29,019 23,107 Taxes Billed.. .. . . .. . . . . . .. - _ 3,397,653 2,806,466 Reductions: Payments Received.. . . . . . . . 1,229,431 988,094 Balance Receivable - May 31, 1987 $2,168,222 $1,818,372 STATISTICAL INFORMATION for the month of May, 1987 Payment Received - Taxes 2,988 - Other 1,479 Tax Certificates Issued 230 Dog Licenses Issued 152 Burial Permit Issued 14 i Accounts Payable Cheques Issued 1,113 Cheque # 4644842 to 4645117 4730253 4730511 4863097 4863381 4905878 4905889 I 2254 2533 Q CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of May 31, 1987 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE a) Lloyds Bank 1,000,0091 7.915 94D July 3/87 b) Lloyds Bank 750,000 8.075 92D July 31/87 c) Lloyds Bank 750,000 7.37 94D June 1/87 d) C.I.B.C. 1,488,615 7.35 37D June 15/87 e) Royal Bank 9891,6891 7.95 89D Aug. 6/87 f) C.I.B.C. 992,9991 8.05 31D June 30/87 5,962,285 CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF MAy 1987 NAME ADDRESS AMOUNT DESCRIPTION Pine Ridge Park BF Conc . , Various Lots 27 , 060 . 00 Lot Levies Clarke BF Conc . , Various Lots Darlington 464367 Ont. Ltd . Lt. 24 , Conc . 5 4 , 872 . 48 Lot Levies Darlington Plan 10M768 A. Hofstead Pt. Lt . 17 , Conc . 1 625 . 00 Lot Levies Darlington LD 383/86 Pollett , MacGregor Pt . Lt . 14 , Conc . '2 625. 00 Lot Levies Darlington LD 175/86 M. Knox Pt. Lt. 30 , Conc . 9 625. 00 Lot Levies Darlington LD 221/86 Jeff Dillon Lt. 30, Conc . 3 625. 00 Lot Levies Clarke LD 414/86 Courtice Heights Lt . 23 , Conc . 3 35, 946 . 68 Lot Levies Developments Darlington Final Install . Plan 1OM783 Murray Payne Pt . Lt. 7 , Conc . 2 625 . 00 Lot Levies Clarke LD 296/86 Mary & Arthur Dart Lt. 33 , Conc . 5 625. 010 Lot Levies Darlington LD 549/86 Roderick Simpson Pt. Lt. 25 & 26 , Conc . 8 625 . 00 Lot Levies Darlington LD 393/86 Cathcart Pt. Lt. 7 , Conc . 8 625. 00 Lot Levies 'Clarke LD 512/86 Ralph Glaspell Lt . 6 , Conc . 6 625 . 00 Lot Levies Darlington LD 24/87 W & S Fracz Pt . Lt. 31 , Conc . 2 625. 00 Lot Levies Darlington LD 134/86 E . Robinson Lt . 1 , Conc . 5 625. 00 Lot Levies Clarke LD 64/87 M. Knowlton Pt . Lt. 13 , Conc . 7 625. 00 Lot Levies Darlington LD 619/86 j2L '-� ( ) -2- James B. Cochrane Pt . Lt . 23 & 24 , Conc . 10 625. 00 Lot Levies Clarke LD 354/86 L .B. Lowery Lt . 25, Conc . 7 625. 00 Lot Levies Clarke LD 445/86 Robert Taylor Pt . Lt. 35 , Conc . 8 625. 00 Lot Levies Darlington LD 679/86 Kalee Investments Pt . Lt. 19 , Conc . 8 1, 875. 00 Lot Levies Darlington LD 78/79/80/8' MacArthur , Lovekin Lt . 20 , Conc . 2 2 , 500 . 00 Lot Levies Clarke LD 182/183/ 184/185/87 Floyd Nicholson Lt . 28 , Conc . 5 1 , 250 . 00 Lot Levies Clarke LD 300/301/86 672567 Ont. Ltd . Lt . 19 , Conc . 5 1, 875 . 00 Lot Levies Darlington LD 1/2/3/4/87 542985 Ont . Ltd . ht . 15 , Conc . 3 7 , 294 . 18 Lot Levies Darlington LD 580/86 Barry M. Pedwell Lt . 31 , Conc . 2 625 . 00 Lot Levies Clarke LD 173/87 Dondeb Construction Lt . 10, Conc . 1 50 , 336 . 00 Lot Levies Bowmanville DEV. 86-75 Stuart Lamb Pt . Lt . 18 , Conc . 7 625 . 00 Lot Levies Darlington LD 708/86 S . Palak Pt . Lt . 17 , Conc . 3 625 . 00 Lot Levies Darlington LD 136/87 Rolf Friedrichs Pt . Lt . 21 , Conc . 2 1, 875 . 00 Lot Levies Darlington LD 170/171/17 87 Kingsberry Prop. Pt . Lt. 35 , Conc . 2 54 , 819 . 42 Lot Levies Darlington LD 205-208/87 LD 237/87 LD 652-662/87 LD 47/48/87 LD 135/87 Plan 10M781 "0-1 3 -3- Schleiss & Holland Pt . Lt. 34 , Conc . 3 74 , 945. 82 Plan 1OM789 & Darlington 1OM787 - Last Installments T . Walton Pt . Lt. 29, Conc . 1 625. 00 Lot Levies Clarke LD 118/87 Penwest Developments Lt. 9, Conc . 1 112 ,730 . 40 Lot Levies Bowmanville Plan IOM782 Phase 1 Beaulieu Pt. Lt. 4 , Conc . 7 1, 475 . 00 Lot Levies Clarke LD 339/86 Vanhaverbeke Farms Pt . Lt . 15, Conc . 3 1 , 475 . 00 Lot Levies Darlington LD 734/86 i i