HomeMy WebLinkAboutTR-38-82 � �
COFtPOItAIION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
LiC 3A6 TELEPHONE 623-3379
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF
JULY 26th, 1982
TR- 38-82
SUBJECT: ACTIVITY REPORT - JUNE 1982
RECOMMENDATION:
It is respectfully recommended:
1, That in accordance with provision of Section 220(i ) of the
Municipal Act R.S.O. 1910 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 C
Town of Newcastle for the month ended June 30, 1982 is as shown
on the attached schedule; and
2. That the expenditures for the month of June -1982. 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,
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Respectfully submitted, j
i
i
Kathry ,a . Campbell , C.A. , B.Com. ,
Treasurer
R �-2 j
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f
Analysis of Cash Position
for the month of June 1982
Cash on hand at May 31, 1982 3,667,468
Source of Funds
For Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
Total Capital
For General Operating Purposes
Taxes 140,728
Grants 160,480
Interest - Reserves 11,730
- General 5,259
Other 166,772
Total Cash Available 4,152,437
Use of Funds
Capital Projects
General Expenditures
Debt Charges --
Payroll 226,622
General Fund 810,027
Interest
Levies - Region
- Schools 2,032,019 3,068,668
Reserves and Reserve Fund
Expenditures
Cash on Nand 1,083,769
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Analysed as follows;
Cash 1,083,769
Investments
1,083,769
Cash position for the same period for the prior
year was $_ 590,431
. . i
CONTINUITY OF TAXES RECEIVABLE
for the month of June 1982
Balance Receivable - May 31 1982 $ 1,620,281
Additions: Penalties & Interest $ 22 ,453
Taxes Billed --
1,642 ,734
Reductions: Payments Received 140,728
Balance Receivable - 1982 $ 1,502,006
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STATISTICAL INFORMATION
for the month of June 1982
Payment Received - Taxes. . . . . . . . . . . M. . . . . . . . . . .
- Other. . . . . . . . . . M1. . . . . . . . . . .
Tax Certificates Issued. . . . . . . . . . . . . 6$. . . . . . . . . . .
Dog Licenses Issued. . . . . . . . . . . . . . . . . 38. .
Burial Permit Issued . . . . . . . . . . . . . . . .6. . . . . . . . . . .
Accounts Payable Cheques Issued . . .975. . . . . . . . . . .
Cheque # 6237018 to # 6237197
6435288 6435533
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6652418 6652622
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15879 15890 i
20284 20619
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s
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a
r
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Investments Outstanding
as of June 30 1982
Interest
Investments placed with Amount Rate Terms Due Date
NIL
N.B. 750,000 invested July 5, 1982 Due August 4, 1982 @ 153/4