HomeMy WebLinkAboutTR-39-93 V
THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File#
Date: May 17, 1993
Res. #
By-Law#
Report#: TR-39-93 File #:
Subject: ANNUAL STATEMENT FOR THE DEVELOPMENT CHARGES RESERVE FUNDS
FOR THE YEAR ENDED DECEMBER 31, 1992
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-39-93 be received for information.
BACKGROUND & COMMENTS
In accordance with the Development Charges Policy Report dated
February 5, 1992, section 2 . 12 .2, the attached schedules show the
annual activity in the development charges reserve funds for the year
ended December 31, 1992 .
Respectfully submitted, Recommended for presentation
to the Committee
kar<e I.- Marano H.BSc . ,A.M.C.T. Lawrence E. Kotieff
I
Treasurer Chief Administ a eve ve Officer
NT/MAM/ges
Attachments: Schedule A
Schedule B
DEVELOPMENT CHARGE RESERVE
FUND STATEMENT
FOR THE 1992 YEAR
Civic Public Comm. Libraries Fire Sub- Newcastle Reserve
Admin. Works Services Prot. Total Hydro Fund
Electric Total
Commission
Balance as of By-Law in --- --- ---
Force Date
Plus:
Contribution from
Revenue Fund
Transfer from Lot Levy (493,522) ( 493,522) ( 493,522
Reserve Fund )
Development Charge (25,887) (317,287) (193,863) (37,320) (27,696) ( 602,053 81,390
) ( ) ( 663,443)
Proceeds
Accrued Interest ( 1,269) ( 16,072) ( 9,504) ( 1,830) ( 1,358) ( 42,564) ( 42,564)
Apportionment
SUB-TOTAL
Less:
Amount Transferred to 500,620 500,620 500,620
Capital Fund *
Amounts Refunded 307 3,768 2,302 443 329 7,149 2,339 9,488
Amounts Allocated to
Other Services
SUB-TOTAL
December 31, 1992 (26,849) (322,493) (201,065) (38,707) (28,725) ( 630,370 79,051
) ( ) ( 709,421)
Closing Balance
* See Schedule B
x
d
NOTE: Total Development Charges collected on behalf of Region in 1992 $442,430 c
Less: Amounts paid to Region (430,677)
Total Development Charges due to the Region at December 31, 1992 $_11_.753 >
SCHEDULE B
CAPITAL FUND TRANSFERS ADDENDUM
Capital Project Amount Transferred to Intended Application
Capital Fund
Prestonvale Road 80,023 Road Reconstruction
Concession Street 124,300 Road Reconstruction
Edward Street 131, 140 Road Reconstruction
Various Roads 51,716 Surface Course Asphalt
Various Roads 35,000 Engineering Design
Road Needs Study 2,000 Roads Needs Study
Various Locations 69,344 Sidewalks & Walkways
Hampton Works Depot 3,521 Door Replacement
Orono Works Depot 3,576 Door Replacement
TOTAL: 500,620
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