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Home My WebLink AboutTR-17-99 ~ ~ . ... THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration Committee File#: rlo.(fl . Res.#: GPB - ;;131 ~9 9 Date: April 19, 1999 Report #: File#: TR-17-99 By-Law #: Subject: CASH ACTIVITY REPORT - JANUARY 1999 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-17-99 be received; 2. THAT, in accordance with provision of Chapter M-45, Section 79 (1) of the Municipal Act, R.S.O. 1990, the Treasurer reports the cash position of the Municipality of Clarington for the month ended January 31,1999, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of January 1999, 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 January 31, 1999 and the comparative information for the month ended January 31,1998. 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 OPT A (Online Property Tax Analysis System) by the Province. Reviewed by: eA. Marano, H.BSc.,AMCT, Treasurer. Or~ Franklin Wu, M.C.I.P.,R.P.P., Chief Administrative Officer. MMlNT/km Attachments 808 .... f DN: CASHPTA CORPORATION OF THE MUNICIPALITY OF CLARINGTQN Analysis of Revenue and Expenditures for the Month of January 1999 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED PAYMENTS-iN-LIEU; GOV'T OF CANADA PIL MUNICIPAL TAX ASSISTANCE PIL ONTARIO HYDRO PIL CHEC HYDRO PIL MEMORIAL HOSPITAL PIL BELL TELEPHONE PIL LeBO PIL REGION PIL SALE OF LAND MIN NAT. RES. - SAMUEL WILMOT NATURE AREA PROJECT SUBSIDIES: HANOI-TRANSIT DEVELOPMENT CHARGES-TOWN GENERAL INTEREST DEVELOPMENT CHARGES-REGIONIPUG USE OF FUNDS: PAYROLL REGION LEVY SCHOOL BOARD LEVIES GENERAL-INCLUDING CAPITAL EXP. NET CASH PROVIDED (USED) JANUARY 1998 1,091,052 84,690 656,703 35,389 142,866 2,010,700 729,173 o o 4,421,925 5,151,098 (3,140,398) PART "A" BANK NET CASH BANK BALANCE PROVIDED BALANCE FINANCIAL POSITION: DEe 31/98 (USED) JAN 31/98 GENERAL FUND 6,281,971 (2,339,202) 1,676,909 RESERVE FUND 785,643 83,B67 4,048,733 MUNICIPAL POOLED INVESTMENTS 112,674 2,578 55,046 INVESTMENTS (GENERAL + RESERVE FUND) 30,224,553 2,386,970 31,877,415 TOTALS 37,404,841 134,212 37,658,103 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 809 . , PART "C" STATISTICAL INFORMATION FOR THE MONTH OF JANUARY 1998 JANUARY YEAR TO DATE Tax Certificates 108 108 Number of Properties eligible for Tax ** SEE NOTE 1 Registration (see Note 1) Accounts Payable Cheques Issued 600 600 # TO# Number of Births Registered 29 29 Number of Deaths Registered 59 59 Note 1 : Number of Properties eligible for Tax Registration not currently available due to impact of Bill 79 not yet known. 810 ON: CASHINV INVESTMENTS OUTSTANDING AS AT JANUARY 31,1999 PART "0" FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST AATE O/S VALUE DATE GENERAL FUND IBC 2,988,090.00 5.02% 29 3,000,000.00 Feb 16/99 TOTAL GENERAL FUND i,iH,""""'H.H hH: RESERVE FUND ABC 34,731.25 7.20% 1,740 48,337.00 Aug 8/00 ABC 1,001,705.00 6.80% 1828 1,392,611.00 Mar 15/01 ABC 820,799.37 7.16% 1358 1,061,287.00 July 6/99 ABC 250,000.00 8.00% 184 350,000.00 Mar 1/00 ABC 61,000.00 9.00% 1460 82,960.00 May 1/99 ABC 999,999.48 7.70% 1718 1,417,032.00 Feb 6/00 ABC . 295,000.00 8.50% 3285 295,000.00 May 26/04 WOOD GUNDY 435,075.29 5.20% 777 484,272.00 Aug 1 8/00 ABC 2,063,810.92 7.95% 1688 2,937,391.00 Jan 13/00 ABC . 514,000.00 7.75% 1825 514,000.00 June 8/00 ABC 862,564.39 7.43% 1316 1,117,022.00 March 8/99 ABC 999,999.65 8.20% 1825 1,482,799.00 Aug 8/00 ABC 620,220.69 5.15% 1007 711,752.00 Apr 5/01 ABC . 475,000.00 8.58% 2761 475,000.00 Mar 17/03 ABC 999,999.76 6.20% 1,252 1,229,256.00 July 6/99 ABC 138,709.23 6.25% 1,637 182,057.00 Aug 1 /00 ABC 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 ABC 40,397.70 7.20% 1578 54,562.00 Aug 8/00 ABC 299,628.50 5.30% 1396 365,000.00 Sept 1/00 ABC 180,862.43 5.63% 1549 228,160.00 Feb 1/01 ABC 933,400.00 5.20% 1827 1,202,670.00 Nov 12/02 ABC 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 1 6/99 ABC 58,479.40 5.95% 2032 80,639.00 Dee 15/02 ABC 25,125.57 5.95% 2025 34,613.00 Dee 15/02 ABC' 250,000.00 4.75% 1839 250,000.00 June 21/03 811 DN: CASHINV INVESTMENTS OUTSTANDING PART "0" AS AT JANUARY 31,1999 FINANCIAL INVESTMENT INTEREST # OF DAYS MA TURfTY MATURITY INSTITUTION COST RATE 0/5 VALUE DATE RESERVE FUND RBC 427,625.00 5.50% 1628 542,878.00 Dee 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 Dee 1/99 WOOD GUNDY 171,793.70 4.82% 608 185,691.00 Dee 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 8100 ABC 324,159.58 5.08% 592 350,974.00 Jan 31/00 ABC 898,314.97 5.00% 919 1,037,435.00 Mar. 8/01 ABC 2,160,071.68 5.70% 970 2,503,270.00 May 1/01 ABC 1,233.830.84 5.95% 1002 1,445,952.00 Jun 2/01 RBC 649,589.48 5.95% 1185 783,582.00 Dee 2101 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 ABC 857,943.90 4.97% 360 900,000.00 Nov 12/99 TOTAL INVESTMENTS TOTAL RESERVE FUND * Bond investment. Interest paid on a semi-annual/annual basis 812 DN:CASHPTE PART "E" January, 1999 Development Charges Town Re ion C.H.E.C. Timberlane Developments 5,131.00 L.33, C.2, Darlington 40M1876 B/P#98.0984 Robinson Ridge Development 81,298.75 153,608.00 L.34, C.1, Darlington 40M1931 B/P#98.0946-0947, 98.0968-0973 B/P#98.0975-0980, 98.1011-1015 1220582 Ontario Ltd. D. HUdgin 29,297.52 L.30, C.2, Darlington 40M1902 BIP#98.0998, 98.1003 1000690 Ontario Inc. 26,256.00 31,920.00 Trulls Land Corp. L.30, C.3, Darlington 40M1945 B/P#98.0821-98.0826 BCR Const. Inc. 0.00 1,643.00 L.25, C.6, Darlington 40M1897 BIP#99.0009 Timberlane Developments 7,980.00 L.30, C.3, Darlington 40M1945 BIP#98.0821-98.0826 Kaitlin Group 50,817.00 33,250.00 L.17, C.l, Darlington 40M1940 BIP#98.0774-98.0778 1070797 Ontario Inc. Carnovale Homes 7,308.00 L.33, C.2, Darlington 40M1876 B/P#98.0984 1000690 Ontario Ltd 43,848.00 Trulls land Corp. L.30, C.2, Darlington 40M1902 B/P#98.0998-98.1003 TOTALS 192,800.27 279,557.00 0.00 813 r , DN:CASHPTE . PART "E" January, 1999 CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND Sam L. Cureatz 5,000.00 L.l0, C.2, Clarke LD05/98 & LD012/98 Parkhill & Yanch 10,000.00 L.29, C.2, Darlin9ton LD271/98 - 274/98 Total Cash-in-Lieu of Parkland 15,000.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Total Engineering and Inspection Fees Contributions 0.00 . CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 8 , 4 I