HomeMy WebLinkAboutTR-66-87 Lit 3 , CCtj
TOWN OF NEWCASTLE
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' REPORT File #
Res. #
By-Law #
MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: September 21, 1987
REPORT #: TR-66-87 FILE #:
SUBJECT:
CASH ACTIVITY REPORT - AUGUST, 1987
PART A
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-66-87 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 Aug. 31, 1987
is as shown on the attached schedule; and
3. That Part A of the expenditures for the month of August,
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 Aug. 31, 1987 and the comparative information for the
month ended Aug. 31, 1986.
Respectfully submitted, Recommended for presentation
to the Committee
I Ti
.R.c lanchard, ` wrence Kotseff
Treasurer. Chief A i istrative Officer
JRB/RCB/pp
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of August 1987
PART A
1987 1986
CASH ON HAND AT JULY 31, 1987 $13,826,083 $11,799,208
Total Cash for General Operating and
Reserve Fund Purposes:
Taxes.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 366,397 389,445
Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . - -
Interest - Reserve Funds. . . . . . . . . . 55,024 20,359
- General Funds.. . . . . . . . . 38,836 48,094
Other.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 803,823 301,920
Total Cash Available. . . . . . . . . . . . . . . . $15,090,163 $12,559,026
USE of funds
Expenditures
Debt Charges. . . . . . . . . . . . . . . . . . . . . . 23,270 23,268
Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 257,000 234,367
General. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,420,341 1,114,305
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - -
Levies - Region. .. . . . . . . . . . . . . . . . . 1,183,855 1,021,480
- Schools.. . . . . . . . . . . . . . . . . - -
TOTAL EXPENSES 2,884,466 2,393,420
CASH on Hand as At Aug. 31, 1987 $12,205,697 $10,165,606
ANALYSIS as follows
Cash. . . . .. . . . . . . . . . . . . . . . . . . . . . . . . $ 3,262,239 $ 3,233,452
Investments. . . . . . . . . . . . . . . . . . . . . . . 8,943,458 6,932,154
$12,205,697 $10,165,606
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the Month of August 1987
1987 1986
Balance Receivable - July 31, 1987 $1,317,820 1,105,076
Additions: Penalties & Interest. . . . . . . 25,338 22,522
Taxes Billed. . . . . . . . . . . . . . . - -
1,343,158 1,127,598
Reductions: Payments Received. . . . . . . . . 366,397 389,445
Balance Receivable - Aug. 31, 1987 $ 976,761 $ 738,153
STATISTICAL INFORMATION
for the month of August 1987
Payment Received - Taxes 628
- Other 1,336
Tax Certificates Issued 189
Dog Licenses Issued 88
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Burial Permit Issued 12
Accounts Payable Cheques Issued 1,137
Cheque # 5909538 to 5909855
6065462 6065772
162 173
3249 3300
600 706
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of August 31, 1987
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
a) Lloyds Bank 1,000,000 8.95 56D Oct. 13/87
b) Lloyds Bank 750,000 8.95 48D Sept. 28/87
c) Lloyds Bank 750,000 9.150 47D Sept. 29/87
d) Toronto Dom. Bank 999,920 8.25 80D Oct. 2/87
e) Toronto Dom. Bank 999,703 8.42 62D Sept. 14/87
f) C.I.B.C. 1,982,260 8.83 37D Sept. 11/87
g) C.I.B.C. 2,461,575 8.9 64D Oct. 13/87
8,943,458
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CORPORATION OF THE TOWN OF NEWCASTLE
LOT LEVIES
FOR MONTH OF AUGUST 1987
NAME ADDRESS AMOUNT DESCRIPTION
Pine Ridge Park BF Conc, Various Lots $ 1,230.00 Lot Levies
Clarke
BF Conc, Various Lots
Darlington
Robert Taunus Pt. Lt. 15, Conc. 3 4,056.25 Lot Levies
Darlington 18T-86047
B. Thajer Pt. Lt. 18, Conc. 7 1,475.00 Lot Levies
Darlington 1OM-775
Kalee Investments Pt. Lt. 19, Conc. 8 2,950.00 Lot Levies
Darlington LD 409/410/87
Kiddicorp Inv. Ltd. Pt. Lt. 14, Conc. 1 4,400.00 Lot Levies
Bowmanville LD 405/406/87
$14,111.25
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