HomeMy WebLinkAboutTR-77-82 CORPORATION OF THE TOWN OF NEWCASTLE 5(d)
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
L1C3A6 TELEPHONE 623.3379
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF
DECEMBER 13,1982.
TR-77-82
SUBJECT: ACTIVITY REPORT - NOVEMBER
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 November 30, 1982 is as
shown on the attached schedule; and
2. That the expenditure for the month of November 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.
Respectfully submitted,
Kathryn A. Campbell , C.A. , B.Com. ,
Treasurer.
KAC:gf.
R82-CF-2
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Analysis of Cash Position
for the month of November 1982
Cash on hand at October 31, 1982 5,011,878
Source of Funds
For Capital Purposes
Grants
Public Subscriptions
From Reserves and Reserve Funds
5,011,878
Total Capital
For General Operating Purposes
Taxes 179,649
Grants
Interest - Reserves 27
- General 22,930
Other 284,420
Total Cash Available 5,498,904
Use of Funds
Capital Projects
General Expenditures
Debt Charges 22,228
Payroll 174,800
General Fund 709,529
Interest -
Levies - Region 911,858
- Schools -
Reserves and Reserve Fund
Expenditures 1,818,415
Cash on Hand 3,680,489
Analysed as follows:
Cash 1,180,489
Investments _2,500,000.___...__
3,680,489
Cash position for the same period for the prior
year was 3,345,125
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CONTINUITY OF TAXES RECEIVABLE
for the month of November 1982
Balance Receivable - October 31, 1982 $ 2,268,940
Additions: Penalties & Interest Q 29,359
Taxes Billed 122,463
151,822
2,420,762
Reductions: Payments Received 179,649
Balance Receivable - November 30, 1982 $ 2,241,113
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STATISTICAL. INFORMATION
for the month of November 1982
Payment Received - Taxes. . . . . . . . . . . . . . . . . . .
- Other. . . . . . . . . . . . . . . . . . . . . . . . .
Tax Certificates Issued. . . . . . . . . . . . . . . . . . . . .88. . .
DogLicenses Issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Burial Permit Issued . . . . . . . . . . . . . . . . . . . . . . . 1�. . .
Accounts Payable Cheques Issued . . . . . . . . . . 1032, , ,
Cheque # 8286331 to # 8286599
8501795 8502030
15975 15988
21659 22201
Investments Outstanding
as of November 30, 1982
Interest
Investments placed with Amount Rate Terms Due Date
C. I.B.C. 750,000 14.50 132 Days Dec. 15
C. I.B.C. 750,000 12.50 63 Days Dec. 6
C. I.B.C. 1,000,000 14.50 147 Days Dec. 15
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