HomeMy WebLinkAboutTR-75-82 KM'l[D U, 1-5l b
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CORPORATION OF THE TOWN OF NEWCASTLE /
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
L1C3A6 TELEPHONE 623-3379
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION MEETING HELD ON
DECEMBER 13, 1982
TR-75-82
SUBJECT: NEWCASTLE ARENA BOARD OUTSTANDING ACCOUNTS RECEIVABLE -
FURTHER INFORMATION
RECOMMENDATION:
It is respectfully recommended:
1 . That this report be received, and
2. That Report TR-64-82 be lifted from the table and
Committee recommend this report now be approved.
BACKGROUND AND COMMENT:
Further to resolution #GPA-1202-82 and #GPA-1203-82 as restated below:
Moved by Councillor Hamre , seconded by Mayor Rickard
THAT the recommendations in Report TR-64-82, be
endorsed; and
1 . That this report be received; and
2. That the Conmi-tee consider (the request of the
Newcastle Arend Board to have the outstanding accounts
receivable in -:he amount of $28,005.23 be written off
as uncollectable in the following manner:
$20,254.46 to Allowance for Bad Debts a/c#1110-X-1-9
7 ,850:77 to Contingencies a/c#7007-298-X-9
-
$28 ,005.23
3. That the Board be informed of the actions of
Conw0 ttee and Council .
Resolution oGPA-1203-82
Moved by Mayor Rickard, seconded by Councillor Hubbard
THAT the matter be tabled until more information `
has been made available.
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TR-75-82 - 2 - December 13, 1982
Staff have prepared the attached statements entitled; Year-to-Date Summary, Summary
of Payables, Summary of Revenue and Bank Reconciliation for the Newcastle Arena.
Also, as per Committee's request for more information, please note below
the figures for the Newcastle Village Figure Skating and Newcastle Village
Hockey programs for 1981 and 1982. Actual Budqet Actual Budget
1981 1981 1982 1982
Newcastle Vill . Figure Skating 9,300.00 18,000.00 5,730.00 * 11,385.00
Newcastle Vill . Hockey 21,070.00 14,500.00 9,860.00 * 23,800.00
Total $30,370.00 $32,500.00 $16,590.00 * $35,,.85.00
Note: * 1982 Actual to October 31, 1982.
With this additional information, it is felt that Committee will be able to
make a decision as to the recommendation placed before it now.
Respectfully submitted,
Kathryn A. Campbell , C.A. , B.Comm. ,
Treasurer.
1 KAC:gf
Attachments: 3
LB82-HB-9c
25 11 82
NEWCASTLE ARENA 69)
YEAR-TO-DATE SUMMARY
October 31, 1982
Revenue
Rents, Concessions $49,283.55
Fines -
Penalties -
Investments Income -
Sale of Publications - Equipment -
Miscellaneous 1,091.09
Donations 200.00
Total Revenue $50,574.64
Expenses
Salaries, Wages & Benefits $25,285.98
Materials, Supplies 3,829.87
Services 33,949.32
Rent -
Grants -
Total Expenses $63,065. 17
Operating Deficit $(12,490.53)
Note: This records receipts I expenditures as shown in cash records to
October 31, 1982.
It does not reflect any outstanding commitment or outstanding
accounts receivable.
NEWCASTLE ARENA
Summary of Payables
1
Gen. 982
Date Bank Admin. Payroll Phone Hydro Water Mtnce. Operation OAS Misc.
Jan. 1 to
May 31 $42,654.06 $ - $15,843.44 $ * . $ * $ * $24,427.00*$ * $2,383.62 $ -
June 30 2,975.19 100.00 577.33 26.27 205.12 808.96 279.89 635.26 260.01 82.35
July 31 1,979.06 313.95 315.71 27. 16 141.81 - 458.50 83.48 59.19 579.26
Aug. 31 2,007.19 116.89 175.00 26.80 88.52 137.74 612.54 41.74 44.50 763.46
Sept. 30 3,555.16 96.75 2,995'73) 26.68 83.84 - 67.50 41.74 97.62 52.35
92.95)
Oct. 31 9,853.91 310.00 5,285.82 43.94 233.60 112.50 278.52 3,440.54 47.34 101.65
Total $63,024.57 $937.59 $25,285.98 $150.85 $752.89 $1,059.20 $26,123.95 $4,242.76 $2;892.28 $1,579.07
Note: * Maintenance includes telephone, hydro, water and operation payables for the period of Jan. 1st to May 31st.
NEWCASTLE ARENA
Summary of Revenue
v 1982
Date Bank Donations Roller Skating Ice Rental Public Skating Canteen Pop Machine Misc.
Jan. 1 to $44,902.62 $200.00 $ - $ * $43,625.04 $ * $ * $1,077.58
May 31
June 30 544.50 - - 120.00 418.50 - - 6.00
July 31 848.17 - 109.66 560.00 171.00 - - 7.51
Aug. 31 - - - - - - - -
Sept.30 - - - - - -
Oct. 31 4,279.35 - - 4,279.35 - - -
Total $50,574.64 $200.00 $109.66 $4,959.35 $44,214.54 $ - $ - $1,091.09
Note: * Public Skating includes ice rental , canteen and pop machine revenue for the period of Jan. 1st to May 31st.
NEWCASTLE ARENA
Bank Reconciliation
October 1982
Balance per books - September 30, 1982 $4,369.65
Add: Deposits for October 4,279.35
8,649.00
Deduct: Cheques issued for October 9,853.91
: Bank Charges 40.60
Closing balance per books - October 31, 1982 $(1,245.51)
Balance per bank statement - October 1982 $( 799.14)
Add: o/s Deposits -
( 799.14)
Deduct: o/s cheques
#2434 .$25.00
2449 14.57
1972 25.00
1955 25.37
7.95
76.11
2636 32.84
2638 8.25
2640 45.38
2641 8.25
2645 80.80
2651 25.18
2653 21.77
2654 25.00
2655 25.00 446.47
Reconciled Balance - October 31, 1982 $(12245.61)