HomeMy WebLinkAboutTR-1-82 � REPORT #2
do�vowTc „Ako ,
CORPORATION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
\t BOWMANVILLE, ONTARIO
L1C3A6 TELEPHONE 623-3379
Report to the Mayor and Members of Council for the Council meeting held
on January 4th, 1982.
Report Number: TR-1-82
Subject: Activity Report
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Recommendation:
It is respectfully recommended:
1. That in accordance with provision of Section 220 (i ) of The
Municipal Act R.S.O. 1970 as restated, in part, below:
"The Treasurer shall receive and safely keep all money of the
Corporation and shall pay out same to such persons and in such
manner as the laws of Ontario and the By-Laws or resolutions
of the Council direct,"
the Treasurer reports to Committee that the cash position of the
Town of Newcastle for the month ended November 1981 is as shown
on the attached schedule; and
2. That the expenditures for the month be approved.
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Background and Comments:
The attached schedules indicate the Town of Newcastle's cash transactions, the
cash and investment position, and statistical information for the month ended,
November 1981.
Respectfully submitted,
Kathryn A. ampbell , C.A. , B.Com. ,
Treasur
R81-CF-2
4 12 81
't r C
Ao.\ly\ k of [J',I| |`o'. i | ioU
for the month of November
Cash on hand at October 30, I981
Source of Funds
For Capital Purposes
Grants
Public Subscriptions
From Roso'Vos and Krsrrve [UUds
----- — ----
TUtol C,ipiC�l
For General Opera-Ling Purposes
Taxes 274,755
/
Grants 20,000
Interest - Reserves -
- General 28,996
Other 359,626
Total Cash Available 4,546,4O2
Use of Funds
Capital Projects -
General Expenditures
Debt Charges 34,310
Payroll 138,724
General Fund 309,838
Interest -
[CVie3 - Region 658,395
- 5Ch00lS -
Reserves and Reserve Fund
Expenditures - 1,201,277
Cash on Hand 3,345,125
Analysed as follows:
CJ3h Daily Rate - 17-14% 1,245,125
Investments See invest. outstanding 2,100,000
3,345,125
Cash position for the S0Ne period for the prior
year was �
CONTINUITY OF TAUS RI-CIIVAI;I..F
for the month of November 1981.
Balance Receivable - October 31, 19 ;1 $ 1 ,807,078
Additions: Penalties & Interest 19,500
Taxes Billed 125,767
145,267
1,952,345
Reductions: Payments Received 274,755
Balance Receivable - 1981 $ 1,677,590
STATISTICAL INFORMATION
for the month of November 1981
Payment Received - 1()xes. . . . . . . . . . . . . . . . . . . . . . . . . 671
-- Otherr. . . . . . . . . . . . . . . . . . . . . . . . . 487
Tax Cert.iFicates Issued. . . . . . . . . . . . . . . . . . . . . . . . . . 76
Dog Licenses Issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Burial Permit Issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Accounts Payable Cheques Issued . . . . . . . . . . . . . . . . . 843
Cheque # 17530 to # 17943
15697 - 15707
3073322 - 3073567
3512757 - 3512944
1 Hues Cnunts Outs tend i n�]
as of November 30, 1981
Interest
Investments placed with Amount Rate Terms Due Date
Canadian Imperial Bank of Commerce 500,000 18 30 Days Dec. 2
Toronto Dominion Bank 1,600,000 194 74 Days Dec. 15
2,100,000
i