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Home My WebLink AboutTR-58-87 W TOWN OF NEWCASTLE r REPORT File # � J Res. #c /' w"_'5, s By-Law # MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: September 8, 1987 REPORT #: TR-58-87 FILE #: SUBJECT: CASH ACTIVITY REPORT - JULY, 1987 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-58-87 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 July 31, 1987 is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of July, 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 July 31, 1987 and the comparative information for the month ended July 31, 1986. Respectfully submitted, Recommended for presentation to the Committee "TA. Blanchard, rence Kotseff reasurer. €Chief A mTistrative Officer JRB/RCB/pp CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of July 1987 PART A 1987 1986 CASH ON HAND AT JUNE 30, 1987 $10,596,284 $ 9,473,921 Total Cash for General Operating and Reserve Fund Purposes: Taxes.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,757,888 1,693,768 Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 563,100 535,200 Interest - Reserve Funds. . . . . . . . . . 29,710 4,416 - General Funds. . . . . . . . . . 20,674 12,563 Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 832,028 X69,42,5 Total Cash Available. . . . . . . . . . . . . . . . $14,799,684 $12,689,293 USE of funds Expenditures Debt Charges. . . . . . . . . . . . . . . . . . . . . . 17,129 18,859 Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 259,720 232,099 General. . . . . . . . . . . . . . . . . . . . . . . . . . . 696,752 639,127 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region. . . . . . . . . . . . . . . . . . . - - - Schools. . . . . . . . . . . . . . . . . . - - TOTAL EXPENSES 973,601 890,085 CASH on Hand as At July 31, 1987 $13,826,083 $11,799,208 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,379,260 $ 2,430,983 Investments. . . . . . . . . . . . . . . . . . . . . . . 9,446,823 9,368,225 $13,826,083 $11,799,208 3 , (d) CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of July 1987 1987 1986 Balance Receivable - June 30, 1987 $4,041,045 2,678,546 Additions: Penalties & Interest. . . . . . . 34,663 25,666 Taxes Billed. . . . . . . . . . . . . . . - 94,632 4,075,708 2,798,844 Reductions: Payments Received. . . . . . . . . 2,757,888 1,693,768 Balance Receivable - June 30, 1987 $1,317,820 $1,105,076 STATISTICAL INFORMATION for the month of July, 1987 Payment Received - Taxes 4,501 - Other 1,008 Tax Certificates Issued 196 Dog Licenses Issued 169 j Burial Permit Issued 10 Accounts Payable Cheques Issued 834 Cheque # 5507668 to 5507993 5709654 5709960 123 161 2876 3248 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of July 31, 1987 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE a) Lloyds Bank 1,000,000 8.40 44D Aug. 17/87 b) Lloyds Bank 750,000 8.200 92D Aug. 31/87 C) Lloyds Bank 750,000 9.150 47D Sept. 29/87 d) C.I.B.C. 1,984,260 8.27 35D Aug. 4/87 e) Royal Bank 980,680 7.95 89D Aug. 7/87 f) Toronto Dom. Bank 999,920 8.25 80D Oct. 2/87 g) Toronto Dom. Bank 9991703 8.42 62D Sept. 14/87 h) C.I.B.C. 1,982,260 8.83 37D Sept. 11/87 9,446,823 i ( l 3 CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF JULY 1987 NAME ADDRESS AMOUNT DESCRIPTION Pine Ridge Park BF Conc . , Various Lots $ 6,765 . 00 Lot Levies Clarke BF Conc , Various Lots Darlington Kingsberry Pt . Lt . 35 , Conc . 2 20, 350 . 00 Lot Levies Properties Darlington Phase II LD 302/87 Richard Trolley Pt . Lt . 8 , Conc . 1 2 , 200 . 00 Lot Levies Bowmanville LD 320/87 A. Vissers Pt . Lt . 32 , Conc. 3 663 . 12 Lot Levies Clarke LD 148/87 Mr . Bodganovic Pt . Lt . 6, Conc . 7 663 . 12 Lot Levies Clarke LD. 156/87 John Cartwright Pt . Lt . 6 , Conc . 5 663 . 12 Lot Levies Clarke LD 180/86 Mr . Konzelmann Pt . Lt . 1 , Conc . 4 663 . 12 Lot Levies Clarke LD 116/87 Mr . & Mrs . Tax Pt . Lt . 1 , Conc . 4 1,475 . 00 Lot Levies Darlington LD 248/87 Fayer Farms Ltd . Lt . 3 , Conc . 3 663 . 12 Lot Levies Darlington LD 11/87 N. Lawrence Pt . Lt . 1 , Conc . 3 663 . 12 Lot Levies Clarke LD 404/86 D. Craig Lt . 10 , Conc . 9 663 . 12 Lot Levies Darlington LD 22/87 Vaughan Pt . Lt . 29 , Conc . 10 2 ,950 . 00 Lot Levies Darlington LD 286-288/87 John Hooey Farms Lt . 10 , BF Conc . 1 ,475 . 00 Lot Levies Clarke LD 25/87 Grant Werry Pt . Lt . 17 , Conc . 8 1 , 475 . 00 Lot Levies Darlington LD 358/86 $41 , 331 . 84