HomeMy WebLinkAboutTR-44-82 KEpWIEDGEµp P� .J ( tj• '" `�!-\ ��
CORPORATION OF THE TOWN OF NEWCASTLE
q 40 TEMPERANCE STREET
� BOWMANVILLE, ONTARIO
L1C3A6 TELEPHONE 623-3379
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF
SEPTEMBER 13, 1982.
TR- 44-82
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 July 31 , 1982 is as shown
on the attached schedule; and
2. That the expenditures for the month of July 1982 be approved.
BACKGROUND AND COMMENT:
The attached schedules indicate the Town of Newcastle's cash transactions , the
cash and investment position, and statistical information for the month ended,
July 31 , 1982.
Respectfully submitted,
J
Kathryn A. Campbell , C.A. , B. Com.
C/hl Treasurer
R82-CF-2 J
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V 5(b�
Analysis of Cash Position
for the month of July 1982
Cash on hand at June 30, 1982 $ 1 ,083,769.00
Source of Funds
For Capital Purposes
Grants
Public Subsciptions
From Reserves and Reserve Funds
Total Capital
For General Operating Purposes
Taxes 3,535,426.00
Grants Adv. Subsidy 442,500.00
Interest - Reserves 30,986.00
- General 11 ,505.00
Other 138,859.00
Total Cash Available 5,243,045.00
Use of Funds
Capital Projects
General Expenditures
Debit Charges $ 29,091 .00
Payroll 174,496.00
General Fund 401 ,398.00
Interest
Levies - Region
- Schools 604,985.00
Reserves and Reserve Fund
Expenditures
Cash on hand July 31 , 1982 4,638.060.00
Analysed as follows:
Cash 3,638,060.00
Investments 1 ,000,000.00
4,638,060.00
Cash position for the same period for the prior year as $ 3,029,685.00
V 5�b1
CONTINUITY OF TAXES RECEIVABLE
for the month of July 1982
Balance Receivable - June 30, 1982 $ 1 ,502.006.00
Additions: Penalties & Interest $ 28,978.00
Taxes Billed 4,013,167.00 4,042,145.00
5,544,151 .00
Reductions: Payments Received 3,535,426.00
Balance Receivable - July 31 , 1982 $ 2,008,725.00
STATISTICAL INFORMATION
for the month of July 1982
Payment Received - Taxes. . . . . . . . . .10731 . . . . . . . .
- Other. . . . . . . . . . . .585. . . . . . . .
Tax Certificates Issued, . . . . . . . . . . 62
DogLicenses Issued. . . . . . . . . . . . . . . . . . . .24. . . . . . . .
Burial Permit Issued. . . . . . . . . . . . . . . . . . .15. . . . . . . .
Accounts Payable Cheques Issued. . . . . . .586. . . . . , . .
Cheque # 6844651 to # 6844931
7006523 7006771
15891 15918
20620 20747
50
Investments Outstanding
as of July 31 , 1982
Interest
Investments placed with Amount Rate Terms Due Date
C.I .B.C. 1 ,000,00 00 14.5 147D December 15
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