The URL can be used to link to this page

Home My WebLink AboutTR-56-87 TOWN OF NEWCASTLE REPORT File # �, Res. # � By-Law # MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: September 8, 1987 REPORT #: Tg_sA g7 FILE #: SMIECT: CASH ACTIVITY REPORT - JUNE, 1987 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-56-87 be received; and 2. That, in accordance with provision of Chapter 302, Section 81(l) 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 June 30, 1987 is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of June, 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 June 30, 1987 and the comparative information for the month ended June 30, 1986. Respectfully submitted, Recommended for presentation to the Committee r o � V .R. Blanchard, -jawrenc A . Kotseff Treasurer. Chief d inistrative Officer JRB/RCB/pp k) CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of June 1987 PART A 1987 1986 CASH ON HAND AT MAY 31, 1987 $ 9,567,984 $ 7,805,712 Total Cash for General Operating and Reserve Fund Purposes: Taxes. . . . . . . . . . .. . . . . . . . . . . . . . . . . . 4,551,411 5,217,164 Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . - - Interest - Reserve Funds. . . . . . . . . . 7,806 30,468 - General Funds. . . . . . . . . . 23,472 35,332 Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 983,681 404,372 Total Cash Available. . . . . . . . . . .. . . . . $15,134,354 $13,493,048 USE of funds Expenditures Debt Charges. . . . . . . . . . . . . . . . . . . . . . - 647 Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 240,853 212,265 General. . . . . . . . . . . . . . . . . . . . . . . . . . . 794,721 786,968 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region. . . . . . . . . . . . . . . . . . . - - - Schools. . . . . . . . . . . . . . . . . . 3,502,496 3,019,247 TOTAL EXPENSES 4,538,070 4,019,127 CASH on Hand as At June 30, 1987 $10,596,284 $ 9,473,921 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,131,344 $ 4,025,792 Investments. . . . . . . . . . . . . . . . . . . . . . . 5,464,940 5,448,129 810.596.284 8 9.471.921 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of June 1987 1987 1986 Balance Receivable - May 31, 1987 $2,168,222 $1,818,372 Additions: Penalties & Interest. . . . . . . 23,500 30,255 Taxes Billed. . . . . . . . . . . . . . . 6,400,734_ 6,047,083 8,592,456 7,895,710 Reductions: Payments Received. . . . . . . . . 4,551,411 5,217,164 Balance Receivable - June 30, 1987 $4.041,045 $2,678,546 STATISTICAL INFORMATION for the month of June, 1987 Payment Received - Taxes 9,755 - Other 1,847 Tax Certificates Issued 307 Dog Licenses Issued 289 Burial Permit Issued 14 Accounts Payable Cheques Issued 927 1 Cheque # 5055653 to 5055936 5293462 5293764 2534 2876 110 122 i 1b) CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of June 30, 1987 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE a) Lloyds Bank 1,000,000 7.05 94D July 4/87 b) Lloyds Bank 750,000 8.075 92D July 31/87 C) Lloyds Bank 750,000 8.200 92D Aug. 31/87 d) C.I.B.C. 1,984,250 8.27 35D Aug. 4/87 e) Royal Bank 980,680 7.95 89D Aug. 7/87 5,464,940 i r 0/-3 c6� CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF JUNE 1987 NAME ADDRESS AMOUNT DESCRIPTION Pine Ridge Park BF Conc. , Various Lots $ 12 , 300 . 00 Lot Levies Clarke BF Conc . , Various Lots Darlington R. Virtue Pt . Lt . 18 , Conc. 8 663 . 12 Lot Levies Darlington LD 318/86 Kingsberry Pt . Lt . 35 , Conc. 2 5 ,279 . 05 Lot Levies Properties Darlington LD 302/87 1rs . Schwirtz Pt . Lt . 24 , Conc. 8 663 . 12 Lot Levies Darlington LD 403/86 R. Kent 30 Lowe St . 663 . 12 Lot Levies Bowmanville LD 593/86 Grant Cooper Lots 33 & 34 , Conc . 1 663 . 12 Lot Levies Clarke LD 335/86 K. Wood Pt . Lt . 29 , Conc . 6 663 . 12 Lot Levies Clarke LD. 394/86 Mr . Jose Pt . Lt . 26 , BF Conc. 663 . 12 Lot Levies Clarke LD 295/86 Veltri & Sons Pt . Lt . 8, Conc . 1 123 ,750 . 00 Lot Levies Bowmanville Plan 1OM785 Ryan & MacKinnon Lot 16 , Conc. 4 2 ,950 . 00 Lot Levies Darlington LD 427-429/87 J. Nekkers Pt . Lt . 11 , Conc . 3 1 , 320 . 95 Lot Levies Darlington LD 75/87 A. Geisberger Pt . Lt . 32 , Conc . 6 663 . 12 Lot Levies Darlington LD 634/86 Mr . Tisnovsky Pt . Lt . 6, BF Conc . 663 . 12 Lot Levies Clarke LD 335/86 K. Cochrane Pt . Lt . 27 , Conc. 9 663 . 12 Lot Levies Darlington LD 34/87 i V. Cupelli Lot 35 , Conc . 4 1 , 326 . 24 Lot Levies Darlington LD 516 , 517/87 . . . . 2 2 June Lot Levies 8almioeu Homes 9t . Lt . 9 , Conc. l 15 , 25I . 76 Lot Levies Bowmuuville 18T-86018 Bulmiueo Homes Pt . Lt . 33 6 34 , Conc . 2 208 , 708 . 52 Lot Levies Darlington I8T-84029 Halmiueu Homes Pt . Lt . 30r Conc. 2 119 , 361 . 60 Lot Levies Darlington DEV. 86-74 677922 Ont . Ltd . Pt . Lt . 24 , Conc. 5 23 , I33 . 68 Lot Levies Darlington 18T-86858 Foster Creek Pt . Lt . 9 , Couo , l 119 , 361 . 60 Lot Levies Developments Clarke 18T-85030 D. \7audermeec Pt . Lt . 35 , Conc . 8 625 . 00 Lot Levies Darlington LD 309/85 __________ ¢638 , 336 . 48 __________ ---------- / | !