HomeMy WebLinkAboutTR-23-82 W\50 Kt:OWLEIX.E
CORPORATION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
L1C3A6 TELEPHONE 623-3379
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF
MAY 17, 1982.
TR-23-82
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 March 31, 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,
March 31, 1982. Respectfully submitted,
Kathryn . Campbell , C.A. , B.Com. ,
Treasurer
KAC:gf
R82-CF-2
07 May 82
0�.
III
IV
Analysis of Cash Position
for the month of March 1982
Cash on hand at February 28, 1982 $3,518,264
Source of Funds
For Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
Total Capital
For General Operating Purposes
Taxes 762,550
Grants -
Interest - Reserves 32,644
- General 10,300
Other 268,210
Total Cash Available 4,591,968
Use of Funds
Capital Projects
General Expenditures
Debt Charges 4,845
Payroll 166,723
General Fund 594,215
Interest -
Levies - Region 572,892
- Schools 1,576,245 2,914,920
Reserves and Reserve Fund
Expenditures -
Cash on Nand 1,677,048
Analysed as follows:
Cash 477,048
Investments 1_,200,000
_--j 677,048
Cash position for the same period for the prior
year was $ 985,900
CONTINUITY OF TAXES RECEIVABLE
for the month of March 1982
Balance Receivable - Fehr.uary 28, 1982 $ 1,598,039
Additions: Penalties & Interest $ 19,890
Taxes Billed -
19,890
1,617,929
Reductions: Payments Received 762,550
Balance Receivable - March 31, 1982 $ 855,399
i
STATISTICAL INFORMATION
for the month of March 1982
Payment Received - Taxes. . . . . . . . . . . . . .
- Other. . . . . . . . . . . . . . . .7.56 . . . . . .
Tax Certificates Issued. . . . . . . . . . . . . . . . .1,0,$ , , , , , ,
Dog Licenses Issued. . . . . . . . . . . . . . , , , 554
. . .
Burial Permit Issued . . . . . . . . . . . . . . . . . . .15 .
Accounts Payable Cheques Issued . . , , , ,1.068 . .
Cheque # 5089144 to # 5089337
5225708 5225736
5280606 5280863
15834 15855
19131 19641
I
Investments Outstanding
as of March 31, 1982
Interest
Investments placed with Amount Rate Terms Due Date
Canadian Imperial Bank of
Commerce 1,200,000 15,90 30 Days April 30