HomeMy WebLinkAboutTR-73-82 CORPORATION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
L1C3A6 TELEPHONE 623.3379
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF
NOVEMBER 15, 1982.
TR- 73-82
SUBJECT: ACTIVITY REPORT - November 15, 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 October - 1982 is as
shown on the attached schedule; and
2. That the expenditure for the month of October 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.
October 31 , 1982.
Respectfully submitted,
Kathry . Campbell , C.A. , B.Com. ,
Treasur
:,g f
R82-CF-2
�r
Analysis of Cash Position /
for the month of October 1982
Cash on hand at September 30, 1982 4,039,842
Source of Funds
For Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
4,039,842
Total Capital
For General Operating Purposes
Taxes 863,118
Grants 484,171
Interest - Reserves 1 ,086
- General 2,804
Other 457,191
Total Cash Available 5,848,212
Use of Funds
Capital Projects
General Expenditures 16,997
Debt Charges 154,218
Payroll 665,119
General Fund
Interest
Levies - Region
- Schools
Reserves and Reserve Fund
Expenditures 836,334
Cash on Nand 5,011 ,878
Analysed as follows:
Cash 1 ,511 ,878
Investments 3,500,000
5,011 ,878
Cash position for the same period for the prior
$ 3,863,025
year was
� O
CONTINUITY OF TAXES RECEIVABLE
for the month of October 1982
Balance Receivable - September 30 198!2 $ 2,522,606
31 ,268
Additions: Penalties & Interest a -
Taxes Billed
2,553,874
Reductions: Payments Received 284,934
Balance Receivable - October 31 1982 2,268,940
STATISTICAL INFORMATION
for the month of October 1982
Payment Received - Taxes. . . . . . . . . . . . . . . . .2332 . ,
- Other. . . . . . . . . . . . . . . . . .548 . . . .
Tax Certificates Issued. . . . . . . . . . . . . . . . . . . ... . .
DogLicenses Issued. . . . . . . . . . . . . . . . . . . . . . . . . .
Burial Permit Issued . . . . . . .. . . .. . . . . . . . . . .1.6 . . . .
Accounts Payable Cheques Issued . . . . . . . . . . . . . . . . .
Cheque # 7912308 to # 7912561
8104405 8104608
15956 15974
21350 21658
,A-0
`i
Investments Outstanding
as of October 31 , 1982
Interest
Investments placed with Amount Rate Terms Due Date
C.I .B.C. Reserve 750,000 14.5 132 D. Dec. 15
C. I.B.C. 1 ,000,000 14.5 147 D. Dec. 15
C.I.B.C. 750,000 12.5 63 D. Dec. 06
C.I.B.C. 1 ,000,000 12.5 28 D. Nov. 02
3,500,000
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