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HomeMy WebLinkAboutTR-90-87 TOWN OF NEWCASTLE �., REPORT File # Res. # By-Law # MEETING: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE DATE: December 7, 1987 REPORT #: TR-90-87 FILE #: SUBJECT: CASH ACTIVITY REPORT - OCTOBER, 1987 PART A RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-90-87 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 Oct. 31, 1987 is as shown on the attached schedule; and 3. That Part A of the expenditures for the month of Oct. 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 Oct. 31, 1987 and the comparative information for the month ended Oct. 31, 1986. Respectfully submitted, Recommended for presentation to the Committee Blanchard, Law ence Kotseff Treasurer. Chief Adm 'strative Officer JRB/JJ/pp emu----°' U� J 0 0 CORPORATION OF THE TOWN OF NEWCASTLE Analysis of Revenue & Expenditures for the Month of October 1987 PART A 1987 1986 CASH ON HAND AT SEPT. 30, 1987 $12,389,365 $ 9,829,725 Total Cash for General Operating and Reserve Fund Purposes; Taxes.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,245,041 1,932,255 Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,134 - Interest - Reserve Funds. . . . . . . . . . 37,173 27,045 - General Funds. . . . . . . . . . 66,231 24,790 Other.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 510,458 443,142 Total Cash Available. . . . . . . . . . . . . . . . $14,272,402 $12,256,957 USE of funds Expenditures Debenture Charges. . . . . . .. . . . . . . . . . - 388 Payroll. . . . . . . . . . . . . . . . . . . . . . . . . . . 365,902 315,637 General. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,221,703 1,009,749 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . - - Levies - Region. . . . . . . . . . . . . . . . . . . 1,183,855 1,021,479 - Schools. . . . . . . . . . . . . . . . . . - - TOTAL EXPENSES 2,771,460 2,347,253 CASH on Hand as At Oct. 31, 1987 $11,500,942 $ 9,909,704 ANALYSIS as follows Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,369,394 $ 3,669,642 Investments. . . . . . . . . . . . . . . . . . . . . . . 8,131,548 6,240,062 $11,500,942 $ 9,909,704 tai 3 0 CORPORATION OF THE TOWN OF NEWCASTLE CONTINUITY OF TAXES RECEIVABLE for the Month of October 1987 1987 1986 Balance Receivable - Sept. 30, 1987 $3,638,816 4,296,188 Additions: Penalties & Interest. . . . . . . 29,078 32,174 Taxes Billed. . . . . . . . . . . . . . . 425,594 54,392 4,093,488 4,382,754 Reductions: Payments Received. . . . . . . . . 1,245,041 1,932,255 Balance Receivable - Oct. 31, 1987 $2,848,447 $2,450,499 STATISTICAL INFORMATION for the month of October, 1987 Payment Received - Taxes 2,103 - Other 1,067 Tax Certificates Issued 287 Dog Licenses Issued 7 Burial Permit Issued 21 Accounts Payable Cheques Issued 1,026 Cheque # 6661271 to 6661565 6900877 6901156 7113398 7113688 189 201 3393 3761 / 3 (a) CORPORATION OF THE TOWN OF NEWCASTLE Investments Outstanding As of October 31, 1987 INTEREST INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE a) C.I.B.C. 984,230 9.28 60D Dec. 8/87 b) Lloyds Bank 1,500,000 7.90 45D Dec. 11/87 C) Lloyds Bank 750,000 9.15 46D Nov. 13/87 d) Lloyds Bank 750,000 9.15 46D Dec. 14/87 e) C.I.B.C. 1,968,460 9.28 60D Dec. 8/87 f) B.N.S. 2,178,858 8.05 44D Dec. 10/87 $8,131,548 i i (eta CORPORATION OF THE TOWN OF NEWCASTLE LOT LEVIES FOR MONTH OF OCTOBER 1987 NAME ADDRESS AMOUNT DESCRIPTION Kingsberry Pt .Lt . 35 , Conc. 2 $ 14 ,948 . 60 Lot Levies Properties Darlington Dondeb Construction Pt .Lt . 15 , Conc. 1 7 ,855 . 00 Lot Levies Darlington LD 335/440/87 J. Huisma Pt . Lt . 16 , Conc . 4 1, 475 . 00 Lot Levies Darlington LD 626/86 J & S Hawryszko Lt . 33 , Conc. 2 2 ,200 . 00 Lot Levies Darlington LD 587/87 Wayne Bolahood Lt . 32 , Conc.7 1,475 . 00 Lot Levies Clarke LD 318/87 Fred Rypstra Pt .Lt . 5 , Conc . 5 1, 475 . 00 Lot Levies Clarke LD 391/87 $ 29 ,428 . 60