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Home My WebLink AboutTR-43-81 Memorandum T0: Chairman & Members of the Finance & Administration Committee FROM: Klaas Degroot, C.G.A. , Treasurer DATE: June 16, 1981 SUBJECT: Activity Report - Cash Management ITEM: TR-43-81 Recommendation: "Receive for information" Report: Appended hereto please find schedules reflecting the following: 1. Cash Transactions for May 1981 2. Continuity of Taxes Receivable for May 1981 3. Statistical Information The above schedules show the essentials of departmental activities in the relevant areas. The schedule entitled "Cash Transactions" will show when relevant, the appropriate information related to investments and borrowings. K. Degroot. CASH TRANSACTIONS May 1981 Cash Balance - April 30, 1981 $ 1,844,700 Receipts - Taxes $ 257,500 Grants*see below 930,700 Intererst - Reserves 4,000 Other 27,400 Other 117,000 1,336,600 Total Cash Available - 3,181,300 Disbursements - Debt Charges $ 300 Payroll 122,000 Accounts Paid 403,000 Interest - Levies - Region - Schools - 525,300 CASH BALANCE $ 2,656,000 FUNDS INVESTED General - 200,000 94 days 16.60 June 8 General - 250,000 55 " 17.55 June 30 General - 350,000 54 days 17.75 " Reserve - 650,000 70 " 17.15 " Reserve - 400,000 34 days 18.75 " Reserve - 300,000 62 " 17.20 " General - 361,000 Daily 16.50 - Reserve - 145,000 Daily 16.50 - 2,656,000 FUNDS BORROWED Reserves - nil Bank - nil Breakdown of Grants * see above Province of Ontario - Splash - 134,700 Province of Ontario - 1980 Final Subsidy - 298,500 Province of Ontario - 1981 Advanced Subsidy - 406,500 Unconditional Grant - - 91,000 930,700 CONTINUITY OF TAXES RECEIVABLE May 1981 Balance Receivable - April 30, 1981 $ 1,464,700 Additions: Penalties & Interest $ 14,400 Taxes Billed 2,250 16,650 1,481,350 Reductions: Payments Received 257,500 Balance Receivable - May 31, 1981 $ 1,223,850 STATISTICAL INFORMATION May 1981 Payment Received - Taxes. . . . . . . . . . . . . . . . . . . . . . . . . 889 - Other. . . . . . . . . . . . . . . . . . . . . . . . . 747 Tax Certificates Issued. . . . . . . . . . . . . . . . . . . . . . . . . . 178 Accounts Payable Cheques Issued. . . . . . . . . . . . . . . . . . 796 Dog Licenses Issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Burial Permits Issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . 20