HomeMy WebLinkAboutTR-54-82 �.
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CORPORATION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
L1C 3A6 TELEPHONE 623.3379
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF
September 27, 1982
TR- 54-82
SUBJECT: ACTIVITY REPORT- August 1982
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 Aunust 31/82 is .as shown
on the attached schedule; and
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2. That the expenditures for the month of Aunust 31 , 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,
August 31 , 1982.
Respectfully submitted,
Kathryn P
n W. Campbell , C.A. , B.Com. ,
Y
j Treasurer
KAC:gf
R82-CF-2 ✓
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Analysis of Cash Position
for the month of August 1982
Cash on hand at July 31 , 1982 4,638,060
Source of Funds
For Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
Total Capital
For General Operating Purposes
Taxes 965,460
Grants Incentive Program 45,525
Interest - Reserves 5,165
- General 8,104
Other 137,569
5,799,883
Total Cash Available
Use of Funds
Capital Projects
General Expenditures
Debt Charges 39,202
Payroll 180,259
General Fund 101 ,464
Interest
Levies - Region
- Schools
Reserves and Reserve Fund
Expenditures 320,925
Cash on Nand 5.478,958
Analysed as follows:
Cash 1 ,928,958
Investments 3,550,000
__E ,478,958
Cash position for the same period for the prior
$ 3,955,063
year was
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CONTINUITY OF TAXES RECEIVABLE
for the month of Aunust 1982
Balance Receivable - July 30 1982 $ 2,008,725
Additions: Penalties R Interest $ 26,462
Taxes Billed -
2,035,187
Reductions: Payments Received 965,460
Balance Receivable - 1982 $ 1 .069,727
STATISTICAL INFORMATION
for the month of August 1982
Payment Received - Taxes. . . . . . .3087
- Other. . . . . . . .503 . . . . . . . . . . . . . .
Tax Certificates Issued. . . . . . . . . .86 . . . . . . . . . .. . . .
Dog Licenses Issued. . . . . . . . . . . . 1075 .
Burial Permit Issued . . . . . . .
Accounts Payable Cheques Issued 694. . . . . .. . . . . . . .
Cheque # 15919 to # 15936
20748 21083
7161831 7162141
7347612 7347851
Investments Outstanding
as of August 31 , 1982
Interest
Investments placed with Amount Rate. Terms Due Date
Canadian Imperial Bank of 1 ,800,000 15.25 55 days Sept.30
Commerce
Canadian Imperial Bank of 750,000 14.50 132 days Dec. 15
CCommerce
Commerce Imperial Bank of 1 ,000,000 14.50 147 days Dec. 15
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