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Home My WebLink AboutFND-008-18Clarftwn Finance Department Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: May 28, 2018 Report Number: FND-008-18 Resolution: GG -326-18 File Number: By-law Number: Report Subject: Annual Statement for the Development Charges Reserve Funds for the Year Ended December 31, 2017 Recommendations: 1. That Report FND-008-18 be received; and 2. That a copy of this report be posted on the Municipality's website. Municipality of Clarington Page 2 Report FND-008-18 Report Overview This report complies with the reporting requirements of Section 43 of Bill 98 to disclose the annual activity in the Development Charges Reserve Funds for 2017. 1. Background 1.1 In accordance with Bill 98, an Act to Promote Job Creation and Increased Municipal Accountability While Providing for the Recovery of Development Costs Related to New Growth, Schedule "A" attached shows the activity in the Development Charges Reserve Funds for the year ended December 31, 2017, including opening and closing balances. 1.2 Schedule "B", "C", and "D" attached shows all assets whose capital costs were funded by development charges, the manner in which any capital cost not funded by development charges were funded, and other information as required by the Act. 1.3 This statement is compliant with Subsection 59.1(1) of the Development Charges Act. 2. Additional Information 2.1 For the year ended December 31, 2017, a total of 1,178 residential building permits were issued of various types. Approximately 758 units were anticipated for 2017 in the 2015 development charges background study. A total of 45 capital fund and 18 revenue fund projects have been financed by development charges. 3. Concurrence Not applicable 4. Conclusion 4.1 It is respectfully recommended that the annual statement for the Development Charges Reserve Funds be received for information and made available to the public by posting on the Municipality's website. 5. Strategic Plan Application The recommendations contained in this report conform to the Strategic Plan. Municipality of Clarington Resort FND-008-18 Submitted by: AW, /W Nancy Taylor, BBA, CPA, CA, Director of Finance/Treasurer Page 3 Reviewed by: Andrew C. Allison, B. Comm, LL.B CAO Staff Contact: Nancy Taylor, Director of Finance/Treasurer, 905-623-3379 ext.2602 or ntaylor@clarington.net Attachments: Schedule "A" - Development Charges Reserve Funds Statement Schedule "B" - Capital Expenses Schedule "C" - Revenue Fund Expenses Schedule "D" - Committed Amounts from Prior Years' Budgets/Council Approvals There are no interested parties to be notified of Council's decision. Municipality of Clarington Development Charges Reserve Funds Statement For the 2017 Year Schedule A to Report FND-008-18 * See Schedule B ** See Schedule C *** See Schedule D **** 2018 Budget (includes 2018 debenture payments) Note: brackets = funds available, no brackets = shortfall Total Development Charges collected on behalf of the Region in Dec 2016/2017 Less: amounts paid to the Region 2017 Total Development Charges due to the Region at December 31, 2017 $ 580 581 582 583 584 585 586 587 General Library Fire Protection Indoor Park Dev. & Operations Roads and Parking Total Government Services Services Recreation Related Facilities Related Balance as of December 31, 2016 1,287,333 739,281 3,551,635 - 1,662,157 2,670,232 19,231,864 355,314 29,497,814 Plus: Development Charge Proceeds (306,822) (530,813) (651,993) (3,414,329) (1,085,597) (632,714) (5,794,215) (32,537) (12,449,021) Accrued Interest Apportionment (41,723) (28,055) (116,755) (69,964) (87,539) (620,274) (10,900) (975,210) Transfer from Revenue Fund - Transfer from Capital Fund 54,042 54,042 Subtotal 348,545 558,868 768,748 3,414,329 1,155,561 720,253 6,468,531 43,437 13,478,272 Less: Amount Transferred to Capital Fund - - 12,907 - 343,618 172,664 4,809,226 - 5,338,416 Amount Transferred to Revenue Fund** 96,140 264,308 - 2,802,378 1,557 - 671,256 - 3,835,639 Repayment of Interim Financing from Reserve Funds - - 611,951 - - - - 611,951 Subtotal 96,140 264,308 12,907 3,414,329 345,175 172,664 5,480,482 - 9,786,005 Closing Balance as of December 31, 2017 1,539,738 1,033,840 4,307,475 - 2,472,543 3,217,820 20,219,913 398,751 33,190,081 Committed Amounts from Prior Years *** 1,184,939 231,429 - - 761,721 1,019,211 8,548,677 19,800 11,765,775 Available at December 31, 2017 354,799 802,411 4,307,475 - 1,710,823 2,198,610 11,671,237 378,951 21,424,305 Committed Amounts from 2018 Budget **** 90,000 519,415 - 1,731,403 913,500 589,500 7,785,225 - 11,629,043 Balance remaining of Interim Financing from Reserve Funds - - - 2,048,874 - - - - 2,048,874 Balance Available for Future Needs 264,799 2827996 473077475 3,780,277 7977323 176097110 3,886,012 378,951 777467389 * See Schedule B ** See Schedule C *** See Schedule D **** 2018 Budget (includes 2018 debenture payments) Note: brackets = funds available, no brackets = shortfall Total Development Charges collected on behalf of the Region in Dec 2016/2017 Less: amounts paid to the Region 2017 Total Development Charges due to the Region at December 31, 2017 $ 12,309,287 $ 9,556,059 $ 2,753,228 Schedule B to Report FND-008-18 Municipality of Clarington Development Charges Reserve Funds Statement For the 2017 Year Total Expenses D/C R/F Non D/C Capital Expenses For 2017 Financing Financing Description D/C - Emergency Services Station #4 Expansion 12,907 12,907 12,907 12,907 - D/C - Park Development & Related Facilities Aspen Springs Park 71,515 64,364 7,152 Eng Park Cap R/F Waverley Park 11,143 10,028 1,114 Eng Park Cap R/F Bondhead Waterfront Park 135,740 122,166 13,574 Eng Park Cap R/F Leash Free Park - Newcastle 2,984 2,685 298 Eng Park Cap R/F Leash Free Park - Courtice 88,928 80,035 8,893 Mun Cap Works R/F Prince William Park 45,423 40,880 4,542 Eng Park Cap R/F Farewell Creek Park Trail 23,807 21,426 2,381 Mun Cap Works R/F Foster Creek Park 2,259 2,033 226 Eng Park Cap R/F 381,798 343,618 38,180 D/C - Operations Depot 42 7,443 6,699 744 Mun Cap Works R/F New Equip Purch - 2016 Roads 105,422 94,880 10,542 Mun Cap Works R/F New Equip Parks / 2016 Cemetery 55,986 50,387 5,599 Mun Cap Works R/F Hampton Office Expansion 22,681 20,698 1,983 Tax Levy 191,532 172,664 18,868 D/C - Roads And Related Green Rd Reconstruction (Stevens Rd to Harvey Jones) 174,289 148,146 26,143 Mun Cap Works R/F Green Rd (Harvey Jones to Longworth) 1,929 1,639 289 Mun Cap Works R/F Scugog St / Middle Rd ( Bons Ave to Conc Rd 3) 747,141 545,413 201,728 Mun Cap Works R/F Grady Drive EA Completion 73,339 73,339 Port Darlington Subdivision Rd 2016 122,047 122,047 Holt Rd Reconstruction ( Hwy 401 to Hwy #2) 27,225 23,141 4,084 Mun Cap Works R/F Concession Road 3 (#57 to Middle Rd) 6,031 5,368 663 Mun Cap Works R/F Concession Road 3 (Liberty St to Jollow Dr) 2,581 2,246 336 Mun Cap Works R/F Lambs Rd Interchange at Hwy 401 4,700 4,700 Longworth Ave extension EA (Green Rd to Hold Rd) 127,242 127,242 Middle Rd Reconstruction (Conc Rd 3 to Urban Limit) 1,915,148 1,589,573 325,575 Mun Cap Works R/F 2016 Pavement Rehabilitation 348 348 Concession Road 3 (Middle Rd to Liberty St) 1,671,211 1,437,557 233,655 Mun Cap Works R/F George Reynolds Dr 37,858 37,858 Mill St Reconstruction 8 7 1 Mun Cap Works R/F Schedule B to Report FND-008-18 Municipality of Clarington Development Charges Reserve Funds Statement For the 2017 Year Total Expenses D/C R/F Non D/C Capital Expenses For 2017 Financing Financing Description Trulls Rd Reconstruction (George Reynolds to Daiseyfield Ave) 18 11 7 Mun Cap Works R/F Port Darlington Earth Removal 3,139 2,229 910 Mun Cap Works R/F Street Lighting -Baseline Rd (Green Rd to West Side Dr) 1,431 1,337 94 Mun Cap Works R/F Street Lighting-Courtice Rd (South of Holyrod Dr) 3,792 3,792 Sidewalk - Baseline Rd (Green Rd to Waverley Rd) 4,227 3,976 251 Mun Cap Works R/F Scugog St Intersection Improvements 4,584 822 3,762 Mun Cap Works R/F King St Intersection Improvements 24,130 10,641 13,489 Mun Cap Works R/F Green Rd Intersection Improvements 18,705 18,705 Various Erosion Protection Works 2016 14,577 9,719 4,859 Mun Cap Works R/F Various Erosion Protection Works 2017 186,954 124,642 62,312 Mun Cap Works R/F Nelson St Road Reconstruction 8 6 2 Mun Cap Works R/F North Scugog Crt (West Scugog Lane to Conc Rd 3) 12,859 11,445 1,415 Mun Cap Works R/F Street Lighting - South Service Rd (Lake Rd to Bennett Rd) 176,333 166,987 9,346 Mun Cap Works R/F Green Road Grade Separation 323 323 Lake Rd Extension 1,242 1,242 Nash Rd Traffic Signals 356,428 223,730 132,698 Mun Cap Works R/F Newcastle Streetscape Improvements 221,991 110,996 110,996 Mun Cap Works R/F 5,941,841 4,809,226 1,132,614 Total Capital Expenses 6,528,078 5,338,416 1,189,662 Summary of Financing: 12,907 D/C - Emergency Services 343,618 D/C - Park Dev/Related Facilities R/F 172,664 D/C - Operations R/F 4,809,226 D/C - Roads and Related R/F 1,160,773 Municipal Capital Works R/F 26,906 Engineering Parks Capital R/F 1,983 Tax Lev Total Financing 6,528,078 5,338,416 1,189,662 Schedule C to Report FND-008-18 Municipality of Clarington Development Charges Reserve Funds Statement For the 2017 Year Total Expenses D/C R/F Non D/C R/F REVENUE FUND EXPENSES For 2017 Financing Financing Description D/C - General Government Facility Development 12,395 11,156 1,240 Prof Fees Jury Lands Master Plan 83,645 75,280 8,364.45 Prof Fees Planning - Official Plan Review 1,526 1,373 153 Prof Fees Legal- DCA 9,257 8,331 926 Tax Levy 106,822 96,140 10,682 D/C - Library Services Contribution towards Debenture Debt -Courtice Library 78,598 78,598 Contribution towards Debenture Debt - Newcastle Library 103,787 58,121 45,666 Tax Levy 2014 Library Collections Unexpended Funds to Library 77,143 77,143 2015 Library Collections Capital Funds to Library 50,446 50,446 309,974 264,308 45,666 D/C - Indoor Recreation Contribution towards Debenture Debt- Newcastle District Recreation Ctr 1,761,702 1,585,532 176,170 Tax Levy Contribution towards Debenture Debt- South Courtice Arena 1,069,667 1,069,667 Contribution towards Debenture Debt- Bowmanville Indoor Soccer 163,533 147,179 16,353 Debt Retirement RF 2,994,901 2,802,378 192,523 D/C - Park Development & Related Facilities Parks Development - Consulting 1,730 1,557 173 Tax Levy 1,730 1,557 173 D/C - Roads and Related Longworth Ave W. EA 382 191 191 Prof Fees Clarington Ponds/Clarnew Newc & Westside Bow. 12,150 6,075 6,075 Prof Fees Contribution towards Debenture Debt- Green Road 534,407 534,407 Engineering Consulting - Design Miscellaneous 61,535 30,767 30,767 Tax Levy Engineering Consulting - Design - Farewell Creek Trail 3,948 3,553 395 Tax Levy Engineering Consulting - Design - Baseline Rd EA 96,262 96,262 708,684 671,256 37,428 Total Revenue Fund Expenses 4,122,112 3,835,639 286,473 Summary of Financing: 96,140 D/C - General Goverment Schedule C to Report FND-008-18 Municipality of Clarington Development Charges Reserve Funds Statement For the 2017 Year Total Expenses D/C R/F Non D/C R/F REVENUE FUND EXPENSES For 2017 Financing Financing Description 264,308 D/C- Library Services 2,802,378 D/C-Indoor Recreation 1,557 D/C-Park Dev/Related Facilities 671,256 D/C - Roads and Related 16,353 Debt Retirement R/F 254,097 Tax Levy 16,022 Professional Fees Reserve TOTAL FINANCING 4,122,112 3,835,639 286,473 Schedule D to Report FND-008-18 Municipality of Clarington Development Charges Reserve Funds Statement For the 2017 Year Committed Amounts From Prior Years' Budgets and Council Approvals Year Project Description Amount Committed Reserve Fund: D/C - General Government 2016 Operating Operations -needs study [10% Prof fees Res] 90,000 2012 Operating Planning studies - Technology & Planning/Review project 45,000 2016 Operating Plan studies - waterfront vision implementation plan [10% Prof fees Res] 90,000 2016 Operating Plan studies - camp 30/Jury lands neighbourhood plan [10% Prof fees Res] 14,720 2011 Operating Planning studies - Secondary Plans 18,000 2017 Council Secondary Plans Agreement template [10% tax levy] 18,000 2011 Operating Planning studies - zoning bylaw 31,500 2015 Unexpended Planning studies - zoning bylaw review - 90% DC [10% Prof fees Res] 108,639 2011 Operating Plan - OP review commercial policy review 14,661 2011 Operating Plan - Op review miscellaneous / contingency 25,419 2017 Operating Planning studies - Tooley Robinson Subwatershed Study 180,000 2011 Operating Planning studies - Bow Town Ctre Sec Plan 31,500 2012 Operating Planning studies - Bow Town Ctre Sec Plan 18,000 2017 Operating Planning studies - Bow Town Ctre Sec Plan 135,000 2017 Operating Planning studies - Courtice Industrial / special study 4 180,000 2017 Operating Plan - Courtice Industrial / special study 4 50,993 2017 Operating Plan - Courtice Industrial / special study 4 3,009 2017 Operating Plan - Courtice Industrial / special study 4 80,805 2017 Operating Plan - Courtice Industrial / special study 4 22,693 2017 Capital Zoning software 10% tax levy] 27,000 Total Committed: 1,184,939 Reserve Fund: D/C - Library Services 2015 Capital Library Collection - purchase of additional resources in all formats 26,697 2016 Capital Library Collection - purchase of additional resources in all formats 77,143 2017 Capital Library Collection - purchase of additional resources in all formats 127,589 Total Committed: 231,429 Reserve Fund: D/C - Indoor Recreation 2012 Balance remaining of Interim Financing from Reserve Funds 156,535 2013 Balance remaining of Interim Financing from Reserve Funds 1,096,407 2014 Balance remaining of Interim Financing from Reserve Funds 795,932 Total Committed: 2,048,874 Reserve Fund: D/C - Park Development & Related Facilities 2017 MJS Consultants - Enniskillen Park electrical drawings [10% Prof fees Res] 2,931 Page 6 of 9 Schedule D to Report FND-008-18 Municipality of Clarington Development Charges Reserve Funds Statement For the 2017 Year Committed Amounts From Prior Years' Budgets and Council Approvals Year Project Description Amount Committed 2017 Capital Bowmanville Valley Trail (Baseline to Waterfront) 36,000 2017 Capital Farewell Creek Park Trail - Phase 1 428,574 2016 Capital Aspen Spring Parkette 6,687 2015 Capital Foster Creek neighbourhood Park 48,677 2016 Capital Foster Creek neighbourhood Park 4,379 2017 Capital Courtice Dog Park 36,965 2017 Capital Enniskillen Park 135,000 2016 Capital Bondhead waterfront Park 17,890 2016 Capital Prince William Parkette 4,120 2017 Capital Waterfront Trail Realignment - Energy Dr to Waverley Rd 36,000 2017 Capital Waterfront Trail Realignment - Bennet Rd Easterly to existing trail 4,500 Total Committed: 761,721 Reserve Fund: D/C - Operations 2017 Capital Bowmanville Cemetery expansion - design 22,500 2013 Capital Depot 42 Operations Centre - Construction of Pole Barn/Quonset Hut 257,728 2016 Capital Depot 42 Operations Centre - Construction of Pole Barn/Quonset Hut 675,000 2015 Capital Hampton office expansion 9,983 2016 Capital Fleet New - Roads 54,000 Total Committed: 1,019,211 Page 7 of 9 Municipality of Clarington Development Charges Reserve Funds Statement For the 2017 Year Committed Amounts From Prior Years' Budgets and Council Approvals Year Reserve Fund: 2017 Operating 2014 Operating 2016 Operating 2016 Capital 2015 Capital 2015 Capital 2015 Capital 2013 Capital 2017 Capital 2017 Capital 2016 Capital 2016 Capital 2016 Capital 2015 Capital 2015 Capital 2015 Capital 2016 Capital 2017 Capital 2013/2014/2016 Capital 2011/2015 Capital 2010/2014 Capital 2011 Capital 2017 Capital 2011 Capital 2016 Capital 2015 Capital 2015 Capital 2017 Capital 2017 Capital 2013 Capital 2017 Capital 2013 Capital EGD -020-16 2013 Capital 2014 Capital 2016 Capital 2015 Capital Project Description D/C - Roads and Related Engineering - Design Engineering Consulting- Design CIMA (Longworth Ave W) Pond Maintenance/Sediment Cleanout-Clarington Ponds/Clarnew, Newc & WestSide, Bow(CIMA) Streetlights-Courtice Road (south of Holyrod Dr) Hwy #2 Streetlighting ( Haines St - Bennett Rd) Baseline Rd Streetlighting (Green Rd - West side Dr) Conc Rd 3 Streetlighting Port Darlington Waterfront Park East Beach Phase 1 Longworth Ave Culvert at Brookhill Tributary Longworth Ave Oversizing (Green Rd to Clarington Blvd) Pavement Rehabilitation -Green Road cycling lanes [DC -project #251 - trsf UECF from Trulls Rd for CL2 Longworth Ave extension EA (Green to Holt) Middle Rd reconstruction (Con Rd 3 to urban limit) Green Rd Surface Ashphalt (Baseline to Aspen Springs) Green Rd Surface Ashphalt (Aspen Springs - Boswell Dr) Port Darlington earth removal Soper Creek pedestrian link to Camp 30 Baseline Rd Extension EA (Lambs Rd to Bennett Rd) Grady Drive Environmental Assessment Completion (@ Foster Creek) Rudell Road Reconstruction Osbourne Road Green Road- 635 m North of Stevens Road Green Road - Reconstruction (Stevens to Harvey Jones) North Scugog Court North Scugog Court surface asphalt (Dan Sheehan to West Scugog) Scogog St./Middle Rd Reconstruction Green Rd Reconstruction (Harvey Jones to Longworth) George Reynolds Dr connecting link (Courtice Rd - Harry Gay Dr) Environmental Assessment George Reynolds Dr extension Concession Rd. 3 (Liberty St. - Jollow Dr.) Design Concession Rd. 3 (Middle Rd. - Liberty St.) Concession Rd. 3 (#57 - Middle Rd.) Green Rd Grade Separation- trf'd from Conc Rd#3 (Middle to Liberty) per EGD -020-16 Lake Road Extension Brookhill Blvd Oversizing Holt Rd Reconstruction (Bloor to Hwy 2) Holt Rd Reconstruction (Hwy 401 to Hwy 2) Design Page 8 of 9 Schedule D to Report FND-008-18 Amount Committed 75,000 446 5,068 28,156 4,360 37,580 9,155 112,216 67,000 15,925 12,003 108,863 235,302 51,683 85,140 3,771 362,119 5,000 129,903 122,645 393,052 45,655 17,799 335,164 21,437 228,297 908,396 14,559 88,000 11,803 308,933 30,972 89,194 409,044 310,000 948,435 91,498 Schedule D to Report FND-008-18 Municipality of Clarington Development Charges Reserve Funds Statement For the 2017 Year Committed Amounts From Prior Years' Budgets and Council Approvals Year Project Description Amount Committed 2017 Capital Port Darlington subdivision Rd (Port Darlington to east) 637,012 2016 Capital Lambs Road interchange at Hwy 401 - cost/benefit study 25,300 2017 Capital King St Cycling Facility ( RR 57 to Roenigk Dr) 12,500 2017 Capital Concession St East Reconstruction ( Soper Ck Dr to Lambs Rd) 999,812 2017 Capital North Street Sidewalk (George to Remi) 85,000 2015 Capital Sidewalk -Hwy 2 (Rudell Rd to Given Rd) North Side 86,000 2015 Capital Multi -Use Trail RR#57 (Nash Rd -Longworth Ave) 137,870 2015 Capital Sidewalk-Rudell Rd (Sunset Blvd to Hart) 43,000 2014 Capital Liberty St DC Sidewalk (Trsf fr Manvers Rd RR17 S/W 9,338 2016 Capital Liberty St sidewalk (Longworth to Bons -west side) 98,000 2017 Capital Liberty St sidwalk (Bons Ave to Jennigns - west side) 120,000 2011 Capital Baseline Rd Sidewalk- Green to Westside 71,272 2015 Capital Green Rd SideWalk(Boswell to Hwy2) 42,079 2015 Capital Green Rd SideWalk(Boswell to Hwy2) (Trsf fr Manvers Rd RR17 S/W) 22,000 2014 Capital RR 17 Sidewalk - East Side ( Mill St N to CPR) 75,978 2016 Capital Nash Rd at Varcoe Rd - Traffic Signals 48,026 2016 Capital Nash Rd at Centerfield Dr -Traffic Signals 54,257 2017 Capital Clarington Blvd at Prince William dr Traffic Signals 25,000 2017 Capital Green Rd at Stevens Rd Traffic Signals 25,000 2017 Capital Scugog St at Wellington St Intersection Improvements 21,604 2017 Capital Longworth Ave and Green Rd Intersection 44,590 2017 Capital King St at Scugog - Intersection Improvements 11,409 2017 Capital Green Rd and Boswell Dr Intersection Improvements 71,295 2016 Capital King St Streetscape (RR57 to Bow Creek) 4,315 2011 Capital Brookhill Tributary Nick Point Remedial Work 7,101 2013 Capital Bowmanville Creek Erosion Protection South of Goodyear Dam 15,000 2017 Capital Various erosion protection works 32,349 Total Committed: 8,548,677 Reserve Fund: D/C - Parking 2015 Capital New Central Parking Meters - Newcastle 19,800 Total Committed: 19,800 Total Committments to Development Charges Reserve Funds 13,814,649 Page 9 of 9