HomeMy WebLinkAboutTR-3-82 CORPORATION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
L1 C 3A6
TELEPHONE 623-3379
REPORT TO THE CHAIRMAN AND MEMBERS OF THE GENERAL PURPOSE AND ADMINISTRATION
COMMITTEE FOR THE MEETING OF FEBRUARY 8, 1982.
SUBJECT:
RECOMMENDATION:
ACTIVITY REPORT
It is respectfully recommended:
1. That in accordance with provision of Section 220(1 ) 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 December 1981 is as shown
on the attached schedule; and
2. That the expenditures for the month be approved.
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,
December 1981. Respectfully submitted,
Kathryn Y. Campbell , C.A. , B.Com. ,
VKAC:gf Treasurer
R81-CF-2
15 10 82
Analysis of Cash Position
for the month of December 1981.
Cash on hand at $3,345,125
Source of Funds
For Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds _
3,345,125
Total Capital
For General Operating Purposes
Taxes 295,289
Grants -
Interest - Reserves 62,444
- General 19,151
Other 372,486
Total Cash Available $4,094,495
Use of Funds
Capital Projects 217,531
General Expenditures
Debt Charges 13,745
Payroll 221,971
General Fund 559,243
Interest -
Levies - Region 10,852
- Schools 1,605,274
Reserves and Reserve Fund
Expenditures $2,628,616
Cash on Hand December 31, 1981 $1,465,8, -7Q
Analysed as follows:
Cash 765,879
Investments 700,000
X1.465.879
Cash position for the same period for the prior
N/A* The first cash report was ymadewfor the $
month of January 1981, therefore N/A is used for December 1980.
CONTINUITY OF TAXES RECEIVABLE
for the month of December 1981
Balance Receivable - November 30
Additions: Penalties & Interest $
Taxes Billed
Reductions: Payments Received
1981 $ 1,677,590
$ 1,677,590
295,590
Balance Receivable - December 31, 1981 $ 1,382,301
Investments Outstanding
as of December 31, 1981
Interest
Investments placed with Amount Rate
Bank of Commerce 700,000 15.75
Terms Due Date
61 days Feb. 15/82
STATISTICAL INFORMATION
for the month of December 1981
Payment Received - Taxes. . . . . . . . . .6.7.2. . . . . . . . . . . . .
- Other. . . . . . . . . 596. . . . . . . . . . . .
Tax Certificates Issued. . . . . . . . . . . .68. . . . . . . . . . . . .
DogLicenses Issued. . . . . . . . . . . . . . . 45. . . . . . . . . . . . .
Burial Permit Issued . . . . . . . . . . . . . 23. . . . . . . . . . . . .
Accounts Payable Cheques Issued 1236. . . . . . . . . . . . .
Cheque # 3073567
3951199
4169948
15708
17944 i
to # 3073322
3951406
4170208
15753
18470