HomeMy WebLinkAboutTR-84-81 Report to the Chairman and Members of the General Purpose and Administration Committee
meeting held October 26th, 1981.
Report Number: TR-84-81
Subject: Cash Management - Activity Report - September 1981
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Recommendation:
It is respectfully recommended:
1 . That this report be received for information.
Background and Comment:
Appended hereto please find schedules reflecting the following:
1 . Cash Transactions made in September 1981.
2. Continuity of Taxes Receivable made in September 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.
Respectfully submitted by,
Kathryn A.UCampbell , C.A. , B,Com. ,
Treasurer
10 20 81
R81-CF-2
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CASH TRANSACTIONS
September 30,1981
Cash Balance - August 31, 1981 $ 3,955,063
Receipts - Taxes $ 2,046,966
Grants -
Intererst - Reserves 51,871
Other 34,948
Other 184.938
2,318,723
Total Cash Available _ 6,273,786
Disbursements - Debt Charges $ 46,392
Payroll 145,866
Accounts Paid 503,392
Interest -
Levies -- Region 658,395
Schools 1,575,534
2,929,579
CASH BALANCE September 30, 1981 $3,344,207
FUNDS INVESTED
Reserve
2,061,000 Daily 19.75
General
1,283,000 Daily 19.75
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Funds invested came due October 2nd and were re-invested at the following amounts &
rates:
Funds Invested
Reserve 1,600,000 to Dec. 15 19.25
400,000 to Nov. 16 19.25
6,000 Daily 18.25
General 700,000 to Nov. 2 19.25
583,000 Daily 18.25
CONTINUITY OF 1AXI s Ill VI IVABI i
September 1981
Balance Receivable - August 31, 1981 $ 1,466,036
Additions: Penalties & Interest $ 25,000
Taxes Billed 3,521,600
3,546,600
5,012,636
Reductions: Payments Received 2,046,966
Balance Receivable - September 30, 1981 $ 2,965,670
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STATISTICAL INFORMATION
September 1981
Payment Received - Taxe . . . . . . . . . . . . . . . . . . . . . . . . . 5,561
- Other. . . . . . . . . . . . . . . . . . . . . . . . . 1,222
Tax Certificates Issued. . . . . . . . . . . . . . . . . . . . . . . . . . 82
Accounts Payable Cheques Issued. . . . . . . . . . . . . . . . . . 903
Dog Licenses Issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 193
Burial Permits Issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Memorandum
TO: Gertrude Gray, Deputy-Clerk
Don Smith, Administrator
FROM: Kathryn Campbell, Treasurer
DATE: September 28, 1981
SUBJECT: Delegation at the Oct. 26th General Purpose Meeting
FILE:
Please be advised that Mr. Dave Reed, A.I.I.C. , Senior
Account Representative for Frank Cowan Company Limited will be presenting
a report on the insurance coverage for the Town of Newcastle. This report
will be presented at the General Purpose Meeting held on October 26th, 1981
at 9:30 a.m, in Court Room #2.
If you have any difficulties with this, please do not hesitate to
contact me as soon as possible inorder for us to confirm this with Mr. Reed.
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K. Cam 1. f F .
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