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HomeMy WebLinkAboutTR-55-81 Memorandum TO: Chairman and Members of the Finance & Administration Committee FROM: Kathryn A. Campbell , C.A. , B.Com. , Deputy- Treasurer DATE: July 9, 1981 SUBJECT: Activity Report - Cash Management ITEM: TRr55-81 Recommendation: c "Received for information" Report: Appended hereto, please find schedules reflecting the folowing: 1 . Cash Transactions for May 31, 1981. 2. Continuity of Taxes Receivable ..May 31, 1981. 3. Statistical Information. The above schedules show the essentials of departmental activities in the revelant areas. The schedule entitled "Cash Transactions" will show ( when relevant, the appropriate information related to investments and borrowings. K. Campbell . CASH TRANSACTIONS 1981 Cash Balance - May 31, 1981 $ 2,656,000 Receipts - Taxes $ 192,000 Grants 20,525 Intererst - Reserves 37,128 Other 24,352 Other 155,000 429,185 Total Cash Available _ 3,085,185 Disbursements - Debt Charges $ 18,100 Payroll 129,300 Accounts Paid 688,700 Interest - Levies - Region - Schools 1,662,500 2,498,600 CASH BALANCE June 30, 1981 $ 586,585 FUNDS INVESTED r General $137,585 Daily 17% Reserve $449,000 Daily 17% FUNDS BORROWED Reserves - $1,000,000 18% Bank - nil Grants Wintario $ 20,525 (5) CONTINUITY OF TAXES RECEIVABLE 1981 Balance Receivable - May 31, 1981 $ 1,223,850 Additions; Penalties & Interest $ 13,500 Taxes Billed 300 13,800 1,237,650 Reductions: Payments Received 192,000 Balance Receivable - June 30, 1981 $ 1,045,650 A STATISTICAL INFORMATION 1981 Payment Received - Taxes. . . . . . . . . . . . . . . . . . . . . . . . . 479 - Other. . . . . . . . . . . . . . . . . . . . . . . . .1071 Tax Certificates Issued. . . . . . . . . . . . . . . . . . . . . . . . . . 87 Accounts Payable Cheques Issued. . . . . . . . . . . . . . . . . . 696 DogLicenses Issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 Burial Permits Issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . 19