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HomeMy WebLinkAboutTR-75-81 Memorandum T0: Chairman and Members of the Finance & Administration Committee FROM: Kathryn A. Campbell , C.A. , B.Com. , Treasurer SUBJECT: Activity Report - Cash Management - August 31, 1981 DATE: September 15, 1981 - Meeting held September 29, 1981 ITEM: TR-75-81 Recommendation: "Receive for information." Report: Appended hereto please find schedules reflecting the following: 1. Cash Transactions made in August 1981. 2. Continuity of Taxes Receivable made in August 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 K. Campbell . R81-CF,2 Cif r CASH TRANSACTIONS August 31, 1981 Caste Balance - July 31, 1981 $ 3,029,685 Receipts - Taxes $ 1,246,576 Grants - Intererst - Reserves - Other 11,827 Other _ 364,435 1,622,838 Total Cash Available - 4,652,523 Disbursements - Debt Charges $ 26,827 Payroll 142,870 Accounts Paid 526,763 Interest - Levies - Region - Schools - 696,460 CASH BALANCE August 31, 1981 $ 3,955,063 FUNDS INVESTED Reserve 560,000 40 days 19.75 1,100,000 68 days 19.75 335,000 daily 19.75 General 700,000 28 days 21.50 600,000 56 days 21. 50 FUNDS BORROWED 660,000 daily 19.75 Reserves - nil Bank - nil CONTINUITY OF TAXFS RFCFIVABFF August 1981 Balance Receivable -- July 31, 1981 $ 2,672,250 Additions: Penalties & Interest $ 39,548 Taxes Billed 814 40,362 2,712,612 Reductions: Payments Received 1,246,576 Balance Receivable - August 31, 1981 $ 1,466,036 STATISTICAL INFORMATION August 1981 Payment Received - Taxes. . . . . . . . . . . . . . . . . . . . . . . . . 4,447 - Other. . . . . . . . . . . . . . . . . . . . . . . . . 583 Tax Certificates Issued. . . . . . . . . . . . . . . . . . . . . . . . . . 105 Accounts Payable Cheques Issued. . . . . . . . . . . . . . . . . . 839 Dog Licenses Issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,799 Burial Permits Issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . 14