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HomeMy WebLinkAboutTR-28-82 C �poSJ• ����a� �yr10WlEDGF AkD .„6 CORPORATION OF THE TOWN OF NEWCASTLE 40 TEMPERANCE STREET BOWMANVILLE, ONTARIO LiC3A6 TELEPHONE 623-3379 REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF JUNE 14th, 1982 TR-28-82 SUBJECT: ACTIVITY REPORT - APRIL 1982 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 April 30, 1982, is as shown on the attached schedule; and 2. That the expenditures for the month of April 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, April 30th, 1982. �I Respectfully submitted, , ' l Kathryn Campbell , C.A. , B.Com. , Treasurer. *RCB-gf R82-CF-2 Att: 4 08 06 82 Analysis of Cash Po.ition / for the month of _ Apri1-_1982 Cash on hand at March 31 , 1982 1 ,677,048 Source of Funds For Capital Purposes Grants Public Subscriptions From Reserves and Reserve Funds Total Capital For General Operating Purposes Taxes 1 ,437,938 Grants 757,629 Interest - Reserves 4,213 - General 3,871 Other 141 ,831 2,218,482 Total Cash Available 3,895,530 Use of Fund, Capital Projects General Expenditures Debt Charges 3,191 Payroll 155,236 General Fund 532,959 Interest Levies - Region 578,892 - Schools Reserves and Reserve Fund I, Expenditures 1 ,264,368 Cash on Hand April 30, 1982 2,631 ,162 Analysed as follows: Cash 2,631 ,162 Investments - 2,631 ,162 Cash position for the same period for the prior year was $ 1 ,844,700 CONTINUITY OF TAXES RECEIVABLE for the month of April 1982 Balance Receivable - March 31 1982 $ 811 ,237 Additions: Penalties & Interest $ 25,246 Taxes Billed 2,849,484 2,874,730 3,685,967 Reductions: Payments Received 1 ,437,938 Balance Receivable - April 30 1982 $ 2,248,M STATISTICAL INFORMATION for the month of April 1982 Payment Received - Taxes. . . . . . . 6201 . - Other. . . . . . . . 7.41. . . . . . . . . . . . . . Tax Certificates Issued. . . . . . . . . . 84. . . . . . . . . . . . . . Dog Licenses Issued. . . . . . . . . . . . . .293 . . . . . . . . . . . . Burial Permit Issued . . . . . . . . . . . . 1,3 . . . . . . . . . . . . . Accounts Payable Cheques Issued .7,0.0. . . . . . . . . . . . . . Cheque # 15856 to 11 15867 19642 19873 5474235 5474422 5655905 5656163 Investments Outstanding as of April 30, 1982 Interest Investments placed with Amount Rate Terms Due Date NIL N.B. AS OF MAY 1 , 1982 C. I .B.C. 2,300,000 15 30 May 31 i i i