HomeMy WebLinkAboutTR-61-82 KHptVtfDGf,U,y `� '�:, fi 'V G /Q/J 1
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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
OCTOBER 25, 19820
TR-61-82
SUBJECT: ACTIVITY REPORT - SEPTEMBER 1982
RECOMMENDATION:
It is respectfully recommended:
1. That in accordance with provision of Chapter 302, Section 81(1 )
of The Municipal Act R.S.O. 1980, 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 September 30, 1982 is as
shown on the attached schedule; and
20 That the expenditure for the month of September 1982 be
approved.
BACKGROUND AND COMMENTS:
i
The attached schedules indicate the Town of Newcastle's cash transactions, the
cash and investment position, and statistical information for the month ended.
Respectfully submitted,
i
Kathryn . Campbell , C.A. , B,Com. ,
Treasurer.
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07 10 82
R82-CF-2 �'
IT-
Analysis of Cash Position
for the month of September 1982
Cash on hand at August 31 , 1982 5,036,313
Source of Funds
For Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
5,036,313
Total Capital
For General Operating Purposes
Taxes 2,112,278
Grants -
Interest - Reserves 46,548
- General
Other 273,617
7,468,756
Total Cash Available
Use of Funds
Capital Projects
General Expenditures
Debt Charges 40,706
Payroll 161 ,351
General Fund 511 ,377
Interest -
Levies - Region 911 ,858
- Schools 1 ,803,622
Reserves and Reserve Fund
Expenditures 3,428,914
Cash on Hand 4,039,842
Analysed as follows:
Cash 2,289,842
Investments 1 ,750,000
4,039,842
Cash position for the same period for the prior
_ 3,344,207
year was __
CONTINUITY OF TAXES RECEIVABLE
for the month of September 1982
Balance Receivable - August 31 1982 $ 1 ,069,727
Additions: Penalties & Interest $ 35,032
Taxes Billed 4,055,759
4,090,791
5,160,518
i
Reductions: Payments Received 2,637,912
Balance Receivable - September 30 1982 $2,522,606
STATISTICAL INFORMATION
for the month of September 1982
Payment Received - Taxes. . . . . . . . . . . . . . . . . . . .
- Other. . . . . . . . . . . . . . . . . . . . . . . . .
Tax Certificates Issued. . . . . . . . . . . . . . . . . . . . .. .
Dog Licenses Issued . . . . . . . . . . . . . . . . . 258. . . . .
Burial Permit Issued . . . . . . .. . . . . . . . . . . . . . . . . .
Accounts Payable Cheques Issued . . . . . . . . . . . .. . . . .
Cheque # 21084 to # 21349
15937 15955
7551328 7551628
7711528 77.11724
!V° 'S(A)
Investments Outstanding
as of September 30, 1982
Interest
Investments placed with Amount Rate Terms Due Date
C. I .B.C. Res. 750000 14.5 132 dys. Dec. 15
1000000 14.5 147 dys. Dec. 15
Note on Oct. 4/82
WC Invested in addition to above
C. I .B.C. Gen. 750000 12.5 27 dys Nov. 2
1000000 12.5 62 dys Dec. 6