HomeMy WebLinkAboutTR-37-93 THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File#
Date: May 17, 1993 Res. #C JO-V ,
By-Law#
Report#: File#:
Subject: CASH ACTIVITY REPORT - FEBRUARY, 1993
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-37-93 be received; and
2 . That, in accordance with provision of Chapter M-45,
Section 79 ( 1) of the Municipal Act, R.S.O. 1990,
the Treasurer reports to Committee that the cash
position of the Town of Newcastle for the month
ended February 28, 1993, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
FEBRUARY, 1993 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
February 28, 1993 and the comparative information for the month ended
February 29, 1992 .
Respectfully submitted, Recommended for presentation
to the Committee
Ma Marano H.BSc . ,A.M.C.T. Lawrence E. Ao seff
Treasurer Chief Administttive Officer
MAM/JC/ges
CORPORATION OF THE TOWN OF NEWCASTLE
Analysis of Revenue & Expenditures
for the Month of February, 1993
PART A
1993 1992
CASH ON HAND AT Jan. 31,1993 $24,333,957 $21,824,717
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes. . . . . . . . . . . . . . . . . . . . . 12,864,225 11,516,696
Grants Subsidies. . . . . . .
Interest-Reserve Funds. . . . 56,860 81,360
-General Funds. . . . 17,715 16,744
Other. . . . . 420,380 629,690
Region ofDurham. . . . . . . . . . 49,293 __
Total Cash Available. . . . . . . . . $37,742,430 $34,069,207
USE of funds
Expenditures
Debenture Charges . . . . . . . . . --- -__
Payroll. . . . . . . . . . . . . . . . . . . 481,482 466,029
General. . . . . . . . . . . . . . . . . . . 1,545,996 1,697,311
Interest. . -__
Levies - Region. . . . . . . . . . . 2,269,676 1,944,659
- Schools. . . . . . . . . . -__
TOTAL EXPENSES 4 ,297 , 154 4,107 ,999
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CASH on Hand as At Feb.28, 1993 $33,445,276 $29 ,961,208 j
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $14,330,594 $ 4,592,228
Investments . . . . . . . . . . . . . . . 19,114,682 25,368,980
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$33,445,276 $29 ,961,208
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CORPORATION OF THE TOWN OF NEWCASTLE
CONTINUITY OF TAXES RECEIVABLE
for the month of February, 1993
1993 1992
Balance Receivable- Jan.31, 1993 $ 4,964,516 $ 4,338, 116
Additions: Penalties & Interest. . 68,230 52,454
Taxes Billed. . . . . . . . . . 12,795,995 11,463,853
17,828,741 15,854,423
Reductions:Payments and
Adjustments. . . . . . . . . . . 12,864,225 11,544,520
Balance Receivable-Feb.28, 1993 $ 4,964,516 $ 4,309,903
STATISTICAL INFORMATION
for the Month of February, 1993
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Payment Received - Taxes 17,398
- Other 1,023
Tax Certificates Issued 256
Dog Licenses Issued 149
Burial Permit Issued 25
Accounts Payable Cheques Issued
Cheque # 24212 to 24230
26527 26954
02579321 02579633
02588606 02588896
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CORPORATION OF THE TOWN OF NEWCASTLE
Investments Outstanding
As of February 28, 1993
INTEREST
INVESTMENT PLACED WITH AMOUNT RATE TERMS DUE DATE
GENERAL. FUND
a) Scotia 1,200,000 6 . 8 48D Mar. 1st
b) Montreal 1,200,000 5 .75 17D Mar. lst
RESERVE FUND
a) Scotia 3,000,000 7 .0 61D Mar. 8th
b) Scotia 989,930 6 .4 58D Apr. 1st
c) Montreal 2,969,880 6 .38 58D Mar. 31st
d) Royal 1,988,000 6 . 3 35D Mar. 8th
e) Toronto-Dominion 993,500 6 .28 38D Mar. 11th
f) Toronto-Dominion 2,973,810 6 .3 51D Mar. 25th
g) CIBC 3,799 ,562 5 .83 32D Mar. 23rd
19, 114,682
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FEBRUARY 1993
DEVELOPMENT CHARGES
Lot
Total Levies Town Region P.U.C.
D'Angelo Bros 480.00 --- 429.00 --- 51.00
Lot 9, C.2
Bowmanville
40M1688
BP # 93.0005, 0006, 0007
Eiram Development 155,608.00 83,591.79 55,048.21 --- 16,968.00
Lot 9, C.2
Bowmanville
18T-89041
Phase III
671461 Ontario Ltd. 2,572.00 --- 1,966.00 --- 606.00
Lot 13, C.2
Bowmanville
40M1668
B/P #93.0008
$158,660.00 $83,591.79 $57,443.21 $ --- $17,625.00
CASH-IN-LIEU OF PARKLAND - February 1993
Bruce Welsh LD 229/90 $ 900. 00
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ENGINEERING & INSPECTION FEES CONTRIBUTION - February 1993
Eiram Dev. 18T-89041 $24,828. 12
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ROADS CONTRIBUTION - February 1993
Bruce Welsh LD 229/90 $ 3,516 .93
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