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Home My WebLink AboutTR-80-87 TOWN OF NEWCASTLE REPORT File # fi Res. # By-Law # MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: November 2, 1987 REPORT #: TR-80-87 FILE #: SUB,JECT: CASH ACTIVITY REPORT - SEPTEMBER, 1987 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-80-87 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 Sept. 30, 1987 is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of Sept. 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 Sept. 30, 1987 and the comparative information for the month ended Sept. 30, 1986. Respectfully submitted, Recommended for presentation to the Committee .R. Blanchard, i�w ence E otseff Treasurer. Chief Adm'n strative Officer JRB/JJ/pp CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of September 1987 PART A 1987 1986 CASH ON HAND AT AUG. 31, 1987 $12,205,697 $10,165,606 Total Cash for General Operating and Reserve Fund Purposes: Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,775,125 2,7091092 Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,589 312,500 Interest - Reserve Funds. . . . . . . . . . 32,620 72,551 - General Funds.. . . . . . . . . 12,979 31,975 Other.. . . . . . . . . . .. . . . . . . . . . . . . . . . . 1,440,392 589,680 Total Cash Available. . . . . . . . . . . . . . . . $17,500,402 $13,881,404 USE of funds Expenditures Debenture Charges. . . . . . . . . . . . . . . . . 30,088 32,694 Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 248,576 226,779 General. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,454,245 752,136 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region. . . . . . . . . . . . . . . . . . . - - Schools. . . . . . . . . . . . . . . . . . 3,378,128 3,040,070 TOTAL EXPENSES 5,111,037 4,051,679 CASH on Hand as At Sept. 30, 1987 $12,389,365 $ 9,829,725 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,427,870 $ 2,580,302 Investments. . . . . .. . . . . . . . . . . . . . . . . 5,961,495 7,249,423 $12,389,365 $ 9,829,725 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of September 1987 1987 1986 Balance Receivable - Aug. 31, 1987 $ 976,761 738,153 Additions: Penalties & Interest. . . . . . . 33,949 28,750 Taxes Billed. . . . . . . . . . . . . . . 6,403,231 6,238,377 7,413,941 7,005,288 Reductions: Payments Received. . . . . . . . . 3,775,125 2,709,092 Balance Receivable - Sept. 30, 1987 $3,638,816 $4,296,188 STATISTICAL INFORMATION for the month of September 1987 Payment Received - Taxes 7,087 - Other 1,255 Tax Certificates Issued 236 Dog Licenses Issued 29 Burial Permit Issued 20 i Accounts Payable Cheques Issued i Cheque # 6262285 to 6262592 6461619 6461899 174 188 707 1100 3301 3392 CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of September 30, 1987 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE Toronto Dominion Bank 999,920 8.25 80D Oct. 2/87 b) C.I.B.C. 2,461,575 8.9 64D Oct. 13/87 c) Lloyds Bank 1,000,000 8.95 56D Oct. 13/87 d) Lloyds Bank 750,000 9.15 46D Nov. 13/87 e) Lloyds Bank 750,000 9.15 76D Dec. 14/87 5,961,495 I i i i I CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF SEPTEMBER 1987 NAME ADDRESS AMOUNT DESCRIPTION Pine Ridge Park BF Conc , Various Lots $ 615 . 00 Lot Levies Clarke BF Conc . , Various Lots Darlington Robert Taunus Pt . Lt . 15 , Conc. - 3 4 , 056 . 25 Lot Levies Darlington 18T-86047 Dondeb Construction Pt . Lt . 15 , Conc . 1 2 ,200 . 00 Lot Levies Bowmanville LD 441/87 Austin Riley Pt . Lt . 24 , BF Conc. 3 ,735 . 00 Lot Levies Clarke LD 351/87 Scleiss & Holland Pt . Lt . 35 , Conc . 3 4 , 025 . 00 Lot Levies Darlington LD 459/87 Mr . & Mrs . Turner Pt . Lt . 4 , Conc . 7 1,475 . 00 Lot Levies Darlington LD 329/87 T.A. Colliss Pt . Lt . 18 , Conc . 2 4 , 667 . 40 Lot Levies Darlington LD 749/86 Kingsberry Prop. Pt . Lt . 19 ,20,21,22 2 ,493 .79 Lot Levies Darlington LD 275/87 Kingsberry Prop. Pt . Lt . 28, 33, 34 1 ,206 . 88 Lot Levies Darlington LD 208/87 C. Fischer 43 Queen St . 2 ,200 . 00 Lot Levies Bowmanville LD 214/87 Irv . Gill Lt . 9 , BF Conc. 9 ,283 . 68 Lot Levies Bowmanville I I i i I i i