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Home My WebLink AboutTR-16-99 ,-." ~ THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration Committee File#: YIO.c...A Date: April 19, 1999 Res.#: G ~ ICl - '7 ?() -11 By-Law #: Report #: TR-16-99 File#: Subject: CASH ACTIVITY REPORT - DECEMBER 1998 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-16-99 be received; 2. THAT, in accordance with provision of Chapter M-45, Section 79 (1) of the Municipal Act, RS.O. 1990, the Treasurer reports the cash position of the Municipality of Clarington for the month ended December 31, 1998, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of December 1998, be confirmed. BACKGROUND AND COMMENT: The attached schedules indicate the Corporation of the Municipality of Clarington's cash transactions, the cash investment position, development charges information and statistical information for the month ended December 31, 1998 and the comparative information for the month ended December 31, 1997. The status of taxes receivable information has not been included as the impact of Bill 79 - Capping of Commercial, Industrial, and Multi-residential Properties will have a significant impact on the taxes receivable. The impact is not yet known due to delays in the implementation of OPTA (Online Property Tax Analysis System) by the Province. submitted, Reviewed by: Or~~ Franklin Wu, M.C.I.P.,RP.P., Chief Administrative Officer. Ie . Marano, H.BSc.,AMCT, Treasurer. MM/NT/km Attachments 801 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "A" , ~ Analysis of Revenue and Expenditures for the Month of DECEMBER 1998 DECEMBER 1997 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED 1,174,677 MUNICIPAL SUPPORT GRANT 257,300 PA YMENTS-IN-LlEU: GOV'T OF CANADA PIL MUNICIPAL TAX ASSISTANCE PIL o NT ARlO HYDRO PIL CHEC HYDRO PIL MEMORIAL HOSPITAL PIL BELL TELEPHONE PIL LCBO PIL REGION PIL ONTARIO HYDRO PROCEEDS - MUN. OPERATIONS CENTRE SOLICITOR GENERAL - FUNDING MUN. OPERATIONS CENTRE COURTICE COMMUNITY CENTRE DEBENTURE 1,041,445 COURTICE COMMUNITY CENTRE FUNDRAISING COIW INFRASTRUCTURE GRANT DEVELOPER CONTRIBUTION - CPR UNDERPASS NATURAL RESOURCES-PITS & QUARRIES NEWCASTLE LIONS CLUB DONATION - NEWCASTLE HALL SALE OF LAND SUBSIDIES: HANOI-TRANSIT DEVELOPMENT CHARGES-TOWN 248.917 GENERAL 550,779 INTEREST 326,046 DEVELOPMENT CHARGES-REGION/PUC 254,289 3,853,453 USE OF FUNDS: PAYROLL 725,832 REGION LEVY 0 SCHOOL BOARD LEVIES 8,527,116 GENERAL-INCLUDING CAPITAL EXP. 2,559,703 11,812,651 NET CASH PROVIDED (USED) tJ,959,198) BANK NET CASH BANK BALANCE PROVIDED BALANCE FINANCIAL POSITION: NOV 30/98 (USED I DEC 31/97 GENERAL FUND 5,557,904 724,066 1,241,825 RESERVE FUND 3,006,465 12.220.8221 3,642,867 MUNICIPAL POOLED INVESTMENTS 90,211 22,463 54.833 INVESTMENTS (GENERAL + RESERVE FUND) 38,194,623 (7,970,0701 35,858,975 TOTALS 46,849,204 (9,444,3631 40,798,500 NOTE A: Difference in comparison between yean; due to timing difference in receipt of funds. NOTE B: No longer receive the Municipal Support Grant. 8u~ .~ PART "C" STATISTICAL INFORMATION FOR THE MONTH OF DECEMBER 1998 DECEMBER YEAR TO DATE Tax Certificates 466 1,930 Number of Properties eligible for Tax 35 ** SEE NOTE 2 Registration (see Note 1) Accounts Payable Cheques Issued 661 6,426 # 26743 TO # 27403 Number of Births Registered 38 376 Number of Deaths Registered 52 417 Note 1: Only includes those properties whose arrears are greater than $10,000. This is estimated for the month of December. The impact of Bill 79 has not yet been determined. Many commercial tax payers have withheld a portion of 1998 taxes in anticipation of a substantial tax decrease. Note 2: Number of eligible properties for tax registration not applicable for year- to-date comparison. 8u3 INVESTMENTS OUTSTANDING AS AT DECEMBER 31, 199B PART "Oil FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE GENERAL FUND TOTAL GENERAL FUND u"u~ RESERVE FUND RBC 34,731.2S 7.20% 1,740 48,337.00 Aug 8/00 RBC 1,001,705.00 6.80% lB2B 1,392,611.00 Mar 15/01 RBC 820,799.37 7.16% 1358 1,061,287.00 July 6/99 RBC 250,000.00 8.00% 184 350,000.00 Mar 1/00 R8C 61,000.00 9.00% 1460 82,960.00 May 1/99 RBC 999,999.48 7.70% 1718 1,417,032.00 Feb 6/00 RBC . 295,000.00 8.50% 3285 295,000.00 May 26/04 R8C 601,120.00 7.95% 1366 800,000.00 Feb 20/99 WOOD GUNDY 435,075.29 5.20% 777 484,272.00 Aug 18/00 R8C 2,063,810.92 7.95% 1688 2,937,391.00 lan 13/00 RBC . 514,000.00 7.75% 1825 514,000.00 June 8/00 RBC 862,564.39 7.43% 1316 1,117,022.00 March 8/99 RBC 999,999.65 8.20% 1825 1,482,799.00 Aug 8/00 RBC 620,220.69 5.15% 1007 711,752.00 Apr 5/01 RBC . 475,000.00 8.58% 2761 475,000.00 Mar 17/03 RBC 999,999.76 6.20% 1,252 1,229,256.00 July 6/99 RBC 138,709.23 6.25% 1,637 182,057.00 Aug 1/00 RBC 99,999.64 7.10% 1,906 143,061.00 May 14/01 WOOD GUNDY' 250,000.00 5.00% 2556 250,000.00 June 21/05 RBC 40,397.70 7.20% 1578 54,562.00 Aug 8/00 RBC 299,628.50 5.30% 1396 365,000.00 Sept 1/00 RBC 180,862.43 5.63% 1549 228,160.00 Feb 1/01 RBC 933,400.00 5.20% 1827 1,202,670.00 Nov 12/02 RBC 1,568,561.00 4.75% 350 1,640,000.00 Mar 4/99 WOOD GUNDY 500,000.00 5.22% 365 526,100.00 Apr 16/99 RBC 58,479.40 5.95% 2032 80,639.00 Dec 15/02 RBC 25,125.57 5.95% 2025 34,613.00 Dec 15/02 804 INVESTMENTS OUTSTANDING PART "0" AS AT DECEMBER 31, 199B FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE RESERVE FUND RBC' 250,000.00 4.75% 1B39 250,000.00 June 21/03 RBC 427,625.00 5.50% 1628 542,878.00 Dec 1/01 RBC . 250,000.00 5.25% 180 250,000.00 June 21/04 RBC 1,109,499.87 4.75% 817 1,230,317.00 Mar 1/00 RBC 1,109,500.90 5.05% 1213 1,307,911.00 Apr 1/01 RBC 20,558.85 5.20% 1310 24,645.00 Jan 9/02 WOOD GUNDY 402,102.80 4.82% 608 434,678.00 Dec 1/99 WOOD GUNDY 171,793.70 4.82% 608 185,691.00 Dec 1/99 WOOD GUNDY 1,627,643.46 4.72% 333 1,696,876.00 Mar 1/99 WOOD GUNDY 528,412.46 5.34% 788 590,807.00 Aug 8/00 RBC 324,159.58 5.08% 592 350,974.00 Jan 31/00 RBC 898,314.97 5.00% 919 1,037,435.00 Mar. 8/01 RBC 2,160,071.68 5.70% 970 2,503,270.00 May 1/01 RBC 1,233,830.84 5.95% 1002 1,445,952.00 Jun 2/01 RBC 649,589.48 5.95% 1185 783,582.00 De< 2/01 WOOD GUNDY 882,000.00 7.75% 301 950,355.00 Sept 1/99 HONG KONG 2,191,316.45 5.25% 90 2,219,683.49 Feb 7/99 RBC 857,943.90 4.97% 360 900,000.00 Nov 12/99 TOTAL RESERVE FUND TOTAL INVESTMENTS * Bond investment. Interest paid on a semi-annual/annual basis bUJ '~J- DN:CASHPTE PART "E" December, 1998 Development Charges Town Region C.H.E.C. Roth Construction 43,015.50 70,448.00 L.31, C.2, Darlington 40M1928 B/P#98.0905, 0935-937, 0981-982, B/P#98.1007- 1010 1220582 Ontario Ltd. 58,595.04 79,800.00 (Liza Homes) L.30, C.2, Darlington 4OM1902 B/P#98.0298-309 Kaitlin Group 48,735.77 29,232.00 L.17, C.I, Darlington 4OMI904 B/P#98.0469,0992-994 Kaitlin Group 0.00 13,300.00 L.15, C.I, Darlington 4OMI816 B/P#98.0956.957 Kaitlin Group 21,924.00 L.16, C.I, Darlington 40MI864 B/P#98.0858-859,0958 Kaitlin Group 20,524.00 29,232.00 L. 1 7, C. I, Darlington 40M1907 B/P#98.0637, 860, 954-955 Andelwood Homes 5,131.00 7,308.00 L.34, C.2, Darlington 40M1847 B/P#98.099I TOTALS 176,001.31 251,244.00 0.00 8JO , >- DN:CASHPTE PART "E" December, 1998 CONTRIBUTIONS. CASH-IN-LIEU OF PARKLAND 963639 Ontario Ltd. 25,878.00 L.31, C.3, Darlington 18T-89118 Total Cash-in-Lieu of Parkland 25,878.00 CONTRIBUTIONS. ENGINEERING AND INSPECTION FEES 963639 Ontario Ltd. 17,896.06 L.31, C.3, Darlington 18T-89118 Halminen Homes 4,000.00 18T.91006 Primrose Lane Total Engineering and Inspection Fees Contributions 21,896.06 . CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 oj?