HomeMy WebLinkAboutTR-9-82 /0.Y? ✓b �(a�
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CORPORATION OF THE TOWN OF NEWCASTLE
4 40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
L1C3A6 TELEPHONE 623-3379
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF
FEBRUARY 22, 1982.
TR-9-82
SUBJECT: ACTIVITY REPORT
RECOMMENDATION:
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 January 1982 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,
January 1982.
Respectfully submitted,
Kath
y� A. Campbell , C.A. , B.Com. ,
Trea�u er
KAC: RCB:gf
R82-CF-2
15 02 82
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Analysis of Cash Position
for the month of January 1982
Cash on hand at December 31, 1981 $1,465,879
Source of Funds
For Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
1,465,879
Total Capital
For General Operating Purposes
Taxes 144,390
Grants -
Interest - Reserves -
- General 14,369
Other 199,608
Total Cash Available $1,824,246
Use of Fund,,
Capital Projects -
General Expenditures
Debt Charges 56,509
Payroll 172,749
General Fund 354,900
Interest -
Levies - Region
- Schools -
Reserves and Reserve Fund
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Expenditures $ 584,158
Cash on Hand l
$1,240,088
Analysed as follows:
Cash 540,088
Investments 700,000
$M40,088
Cash position for the same period for the prior
year was $ 1,451 ,000
CONTINUITY OF TAXES RECEIVA13LE
for the monl,h of January 1982
Balance Receivable - December 31, 1981 $ 1,382,301
Additions: Penalties & Interest $ 35,071
Taxes Billed -
1,417,372 - -
Reductions: Payments Received 144,390
Balance Receivable - January 31 , 1982 $ 1,272,982
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STATISTICAL INFORMATION
for the month of January 1982
Payment Received - Taxes. . . . . . . . . .295 .
- Other. . . . . . . . . . . . . . . . . . . . . . . . .
Tax Certificates Issued. . . . . . , , , , 54
.246
Doq Licenses Issued. . . . . . . . . . . . . .
. . . . . . . . . . . . .
Burial Permit Issued . . . . . . . . . . . .21
.. . . . . . . . . . . . .
Accounts Payable Cheques Issued . .819, . . , . . , . , , , .
Cheque # 4045106 to # 4045251
4507045 4507305
15754 15812
18471 18737
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Investments Outstanding
as of January 31, 1982
Interest
Investments placed with Amount Rate Terms Due Date
Bank of Commerce 700,000 15.75 61 days Feb. 15/82
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