HomeMy WebLinkAboutTR-14-82 f
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GUht!'UF2AllUN OF INt TOWN OF NEWCASTLE
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40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
L1C3A6 TELEPHONE 623.3379
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF
March 22, 1982.
TR-14-82
SUBJECT: ACTIVITY REPORT
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 February 28/82is 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,
February 28, 1982.
Respectfully submitted,
ad
.e
Kathry 7er Campbel , C.A. , B.Com. ,
Treasu
KAC:gf
VR82-CF-2
March 16, 1982
Analysis of Cash Pm ition
for the month of February 1982
Cash on hand at January 31, 1982 1,240,088
Source of Funds
For Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
Total Capital
For General Operating Purposes
Taxes 2,568,139
Grants Fitness Centre 75,000
Interest - Reserves 49,604
- General 6,338
Other 147,308
4,086,477
Total Cash Available
Ilse of Fund,,
Capital Projects
General Expenditures
Debt Charges 354
Payroll 170,905
General Fund 365,778
Interest 31,179
Levies - Region
- Schools
Reserves and Reserve Fund 568,216
Expenditures
Cash on Nand February 28, 1982 3,518,264
Analysed as follows:
Cash @ 13.5% 3,518,264
Investments -
3,518,264
Cash position for the same period for the prior
year was 2,902,900
CONTINUITY OF TAXES RECEIVABLE
for the month of February 1982
Balance Receivable - January 31 , 1982 $ 1,272,982
Additions: Penalties & Interest $ 22,357
Taxes Billed 2,870,839 2,893,196
4,166,178
Reductions: Payments Received 2,568,139
Balance Receivable - 1982 $ 1,595,Q39_
i 7 fib)
i
STATISTICAL INFORMATION
for the month of February 1982
Payment Received - Taxes. . . . . . . . . . . . . . 11,100 ,
- Other. . . . . . . . . . . . . . . . . 485, . . . .
Tax Certificates Issued. . . . . . . . . . . . . . . . . . . 52, , ,
Dog Licenses Issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Burial Permit Issued . . . . . . . . . . . . . . . . . . . . . 12. . . . .
Accounts Payable Cheques Issued . . , , , , , , , 630
Cheque # 4698117 to # 4697922
4898439 4898700
18738 19130
15813 15833
Investments Outstanding
as of February 28, 1982
Interest
Investments placed with Amount Rate Terms Due Date
NIL
N.B.
As of March 1 , 1982
C.I.B.C. 2,400,000 15.45 30 Days March 31/82