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Home My WebLink AboutTR-18-99 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration Committee File#: 'F!O.Cq. Res.#: (-..,DP. - ::J.3;;l.-99 Date: April 19, 1999 Report #: TR-18-99 File#: By-Law #: Subject: CASH ACTIVITY REPORT - FEBRUARY 1999 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-18-99 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 February 28, 1999, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of February 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 February 28, 1999 and the comparative information for the month ended February 28, 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 OPTA (Online Property Tax Analysis System) by the Province. lIy submitted, Reviewed by: , arie A Marano, H.BSc.,AMCT, Treasurer. (] r~_tU-k. Franklin Wu, M.C.LP.,RP.P., Chief Administrative Officer. MM/NT/km Attachments 815 DN: CASHPTA CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of February 1999 PART" An FEBRUARY 1999 FEBRUARY 1998 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED .. PA YMENTS~IN.L1EU: GOV'T OF CANADA PIL MUNICIPAL TAX ASSISTANCE PIL ONTARIO HYDRO PIL CHEC HYDRO PIL MEMORIAL HOSPITAL PIL BELL TELEPHONE PIL LCBO PIL REGION PIL SALE OF LAND SUBSIDIES: HANOI-TRANSIT DEVELOPMENT CHARGES-TOWN GENERAL INTEREST DEVElOPMENT CHARGES-REGION/PUC 3.922,489 o 620.447 45.032 1,643 5.615.665 4,589,611 USE OF FUNDS: PAYROLL REGION LEVY SCHOOL BOARD LEVIES GENERAL-INCLUDING CAPITAL EXP. o o 727.110 o o 1,663,930 2,391,040 NET CASH PROVIDED 'USED' 2.198.571 BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BAlANCE FINANCIAL POSITION: JAN 31/99 (USED' FEB'28199 FEB 28/98 GENERAL FUND 3.942,769 11.623.535) 6,813,751 RESERVE FUND 869,510 186,995 4,080,915 MUNICIPAL POOLED INVESTMENTS 115.252 161.368' 54.662 INVESTMENTS (GENERAL + RESERVE FUNDI 32.611,523 882,032 28,907,348 TOTALS 37,539.054 (615.8751 39.856.676 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. .... First 1999 tax installment due date delayed to March 1999 816 PART "C" STATISTICAL INFORMATION FOR THE MONTH OF FEBRUARY 1998 Tax Certificates Number of Properties eligible for Tax Registration (see Note 1) I FEBRUARY i YEAR TO DATE 98 206 .. SEE NOTE 1 Accounts Payable Cheques Issued # TO# 516 1,116 Number of Births Registered Number of Deaths Registered 14 26 43 85 Note 1: Number of Properties eligible for Tax Registration not currently available due to impact of Bill 79 not yet known. 817 ON: CASHINV PART "0" INVESTMENTS OUTSTANDING AS AT FEBRUARY 28, 1999 FINANCIAL INVESTMENT INTEREST #OFDAYS MA TURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE GENERAL FUND TO 2,986.440.00 5.02% 33 3,000,000.00 Mar 31/99 TOTAL GENERAL FUND 2,986.440,00 RESERVE FUND RBC 34,731.25 7.20% 1,740 48,337.00 Aug 8/00 RBC 1.001,705.00 6.80% 1828 1,392,611.00 Mar 15/01 RBC 820.799.37 7.16% 135B 1,061,287,00 July 6/99 RBC 250,000.00 8.00% 184 350,000.00 Mar 1100 RBC 61,000.00 9.00% 1460 82,960.00 May 1199 RBC 999,999.48 7.70% 171B 1.417,032.00 Feb 6/00 RBC . 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 B/OO RBC 2,063,810.92 7.95% 16B8 2,937,391.00 Jan 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 8100 RBC 299,628.50 5.30% 1396 365,000.00 Sept 1 100 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 RBe 58.479.40 5.95% 2032 80,639.00 Dee 15102 RBC 25,125.57 5.95% 2025 34,613.00 Dec 15/02 RBC* 250,000,00 4.75% 1839 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 21104 818 DN:'CASHINV PART "0" INVESTMENTS OUTSTANDING AS AT FEBRUARY 28. 1999 FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE RESERVE FUND 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% 60B 185.691.00 Dee 1/99 WOOD GUNDY 1,627.643.46 4,72% 333 1.696,876.00 Mar 1/99 WOOD GUNDY 528,4 12.46 5.34% 788 590.B07.00 Aug 8/00 RBC 324.159.58 5.08% 592 350,974.00 Jan31/00 RBC 898.314.97 5.00% 919 1,037,435.00 Mar. B/Ol 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 Dee 2/01 WOOD GUNDY 882.000.00 7.75% 301 950,355.00 Sept 1/99 RBC 857.943.90 4.97% 360 900,000.00 Nov 12/99 RBC 855,000.00 5.35% 1832 1,065,102.90 Mar 1/04 HONG KONG 2,219,998.68 5.05% 91 2,247.949.38 May 10/99 TOTAL RESERVE FUND 30;507.115.44 TOTAL INVESTMENTS 33,49.3.555,44 . Bond investment. Interest paid on a semi~annual/annual basis 819 DN:CASHPTE PART "E" February, 1999 Development Charges Total Town Region C.H.E.C, Aljo Inc., 6,774.00 5,131.00 1,643.00 - L.15, C.7, Da~ington 40R17961 B/P#98.0865 1138330 Ontario Inc., 24,878.00 10,262.00 14,616.00 - L.34, C.2, Da~ington 40M1847 B/P#98.0020 Ma~in Holdings Ltd. 60,018.00 30,786.00 29,232.00 - L.17, C.1, Bowmanviile 40M 1944 B/P#98.1 044-1 045, #99.0010-0011 1070797 Ontario Inc. 110,260.00 43,760.00 66,500.00 - Carnovale Homes L.30, C.3, Da~ington 40M1945 B/P#98.0986-98.0990, BIP#99.0021-99.0025 A. Garritano 6,774.00 5,131.00 1,643.00 L.35, C.5, Darlington . B/P#98.0714 TOTALS 208,704.00 95,070.00 113,634.00 0.00 820 . DN:CASHPTE . PART liE" February, 1999 CONTRIBUTIONS. CASH-IN-L1EU OF PARKLAND A.R. Goheen 3,820.00 LD036/98, LD186/98, LD187/98 Sandford Acres 6,800.00 L.33, C.32&33, Darlington LD255-258/98 Total Cash-in-Lieu of Parkland 10,620.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES 963639 Ontario Ltd. 3,853.36 Total Engineering and Inspection Fees Contributions 3,853.36 CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 821