The URL can be used to link to this page

Home My WebLink AboutTR-36-99 . , THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration Committee File #: F/O CA- Res.#0ffi-13'iJ -39 Date: June 21, 1999 Report #: File#: TR-36-99 By-Law #: Subject: CASH ACTIVITY REPORT - MARCH 1999 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-36-99 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 March 31, 1999, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of March 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 March 31, 1999 and the comparative information for the month ended March 31,1999. The status of taxes receivable information has been included. However, the impact of Bill 79 - Capping of Commercial, Industrial, and Multi-residential Properties may have a significant impact on the taxes receivable. The impact is not yet known due to delays in the implementation of OPTA (Online Properly Tax Analysis System) by the Province and is therefore not reflected in the attached Part B. Reviewed by: () r ~~ Franklin Wu, M.C.I.P.,R.P.P., Chief Administrative Officer. MM/NT/cd Attachments 822 ON: CASHPT A CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of March 1999 PART "A" MARCH MARCH 1999 1998 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES, TAX PAYMENTS RECEiVED.... 12,446;619 12,431,799 PAYMENTS-IN-L1EU: GOV'T OF CANADA PIL MUNICIPAL TAX ASSISTANCE PIL 3,295 ONTARIO HYDRO PIL CHEC HYDRO PIL MEMORIAL HOSPITAL PIL BELL TELEPHONE PIL LCBO PIL REGION PIL CDIW INFRASTRUCTURE GRANT 124,685 SALE OF LAND SUBSIDIES: HANOI-TRANSIT DEVELOPMENT CHARGES-TOWN 76,601 252,085 GENERAL 954,192 687,765 INTEREST 344,492 140,801 DEVELOPMENT CHARGES-REGIONJPUG 63,794 397,933 13,888,993 14,035,067 USE OF FUNDS, PAYROLL 824,863 724,185 REGION LEVY 0 2,864,946 SCHOOL BOARD LEVIES 471:041 5,165,196 GENERAL-INCLUDING CAPITAL EXP. 2,544,138 1,640,667 3,840,039 10,394,994 NET CASH PROVIDED (USED) 10,048,954 3,640.073 BANK NET CASH BANK BANK BAlANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: Feb 28/99 (USED) Mar 31199 Mar 31 f98 GENERAL FUND 2,319,234 1,516,341 3,835,575 6,862,112 RESERVE FUND 1,056,505 92,676 1,149,181 2,113.954 MUNICIPAL POOLED INVESTMENTS 53,884 47,773 101,657 24,695 INVESTMENTS (GENERAL + RESERVE FUND) 33,493,555 8,392,165 41.885,720 34,495,987 TOTALS 36,923,178 10,048,954 46.972,132 43,496,748 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. ** First 1999 lax installment due date delayed to March 1999 023 z o >- e> z ii': :5 u LL o >- >- :::; <( 0.. Q z " :::>:0 ~~~ W"w O'l I"~ >- a::" -'= LL ~ O~~ z x O~O ~O~ a:: ,., 0 03E 0.. c " ~:';:::::;..c 06:= uu.E I U'" a:: 0) <(~ ::;: I um a:: 0) .<t:~ ::;: CI)' >-1 z . wt;; ::;::::> >-""" <(0 o..~ w U z :5 <( aJ Cl)0 ww ~;;j >-aJ >- Cl)0 Ww a:: 0 Wo >-<( ~ w 6;: ffi ~~~ lY~[jj aJ U W W LL a:: "" ie;!; ". " "'. "0) 0" "'''' M~ " o. ;: 0;-0 "'''' "'" ......~ ~~ N N ~ "'0) "'" "!. 0; '" M '" '" '" '" '" '" " ..f '" 0;-0 o '" <0 '" ~ ~ >- CI) w a:: w f- ~ a:: 0 <( Z W <( ~ ~ ZCl)...J ww<( g;:~m :::>>-0.. u "'''' ~'" "'''' "':0 " '" 0'" M vo:i. "'''' 0("') ~..,"'; LC):.C"')- v.-.-T- M 0)0) "'''' "'''' "':..0 <0 ~ ~~ '" <0 " ~ "0 ..,fa "'''' "'''' ..f 0) '" "'''' "" "0 ..:fuj" "'''' '" ~ <i' >- CI) w a:: w f- ~ o Z <( a:: >- <((fJ~ ww<( ~~m ~~c.. ~ 0<0 "'" ~" ui'L6 "'" "'. ~ ~ 0" 0)'" ~" NeD 0'" o.~ ~ er::' "'" '" 0) li3i ~ - ~g "" cn~ .....~ "'''' ~ ~ ~ " " '" i, o~ ~o ,,~ aim "''' ~~ >- CI) w a:: w f- ~ o Z <( ~CI)~ ~w<( ,,~m ~I-a.. ~ "0) <0'" "'''' "':0 00) q'" ~ o;~ "1." co"': "'~ cn.q MS "'''' "'''' ,...:..,; ~~ " " ~" '" " ~....: "''' q" ~ '" o '" '" ~ ,,<0 ~" "'''' M"cO "'''' 0." ~ >- CI) w a:: w f- Z o Z <( >- CI)~ ~~~ a:: >-0.. 0.. 0;- '" '" '" o '" M '=" o o '" M ~ 024 0) <0 0) N " ..f '" " 0) <i' .... ~ '" ~ .... '" N <0 '" c5 '" '" '" '" '" '" " <i' '" <0 o '" M <0 o "'. ;:: ~ <0 -' ;:: o >- o o Cii o a:: <( o aJ -' o o I U CI) o Z <( Z o (9 w a:: e> ~ o :::> -' u ~ o w :> w -' CI) w ~ >- -' <( >- o f- <( z ~ Z e> Z is Z ;:: CI) >- :::> o CI) w ~ >- Z w a:: a:: :::> u LL o >- Z w u a:: w 0.. o " .; 10 0) " :Ii o 2 .~ .; -c c .2 ~ oo " -c " <3 E Jil ~ "w c 0 000 g- oo-c 1l Q) c c Q)~ ~$ -c.l!l g5 "E .9 :;:::; Q) .8-6 " " " " -c c <( ~ t,jg ~:c .8 .~ .!: :; Q)'(ij :;:; ro 0.0 c-'= o oo -c f'J .l!l '" a5 6 ~-~ ~<( xt '" '" >-0.. w >- o Z -c c '" 0) '" 0) ~ -c c '" <0 0) 0) -c " c E Q; " -c " ,., o c " Q) -c " aJ 0) 0) '" ~ c " " ~ " .0 -c " 1ii " 13 " 1: <c " "1;; > "ii) '" c -'= 0 oo " 215 ill c 1: " " rn .s ~ ]Y 0 oo oo .S .~ cE- o 0 ~ u Ui OJ "5> Q) .!!l ,., (ijE '0 ro c " "S: >. e ~ o..s B " " Q; 6~ ro c u: N w >- o Z M w >- o Z PART "C" STATISTICAL INFORMATION FOR THE MONTH OF MARCH 1999 MARCH YEAR TO DATE Tax Certificates 70 276 Number of Properties eligible for Tax Registration (see Note 1) ** see Note 1 Accounts Payable Cheques Issued #29143 to #29666 623 1,739 Number of Births Registered 25 68 Number of Deaths Registered 32 117 Note 1: Number of properties eligible for tax registration not currently available due to impact of Bill 79. . ~ OLJ ON: CASHINV INVESTMENTS OUTSTANDING AS AT MARCH 31, 1998 PART "0" FINANCIAL INVESTMENT INTEREST #OFDAYS MATURITY MATURITY INSTITUTION GOST RATE OIS VALUE DATE GENERAL FUND BMO 2,488,050.00 4.87% 36 2,500,000.00 May 6199 BMO 2,985,660.00 4.87% 36 3,000,000.00 May 6199 BMO 2,497,000.00 4.87% 9 2,500,000.00 Apr9f9Q TO 2,994,300.00 4,95% 14 3,000,000.00 Apr9f99 TOTAL GENERAL FUND 10,965,01000 RESERVE FUND RBG 34,731.25 7.20% 1,740 48,337.00 Aug 8/00 RBG 1,001,705.00 6.80% 1828 1,392,611.00 Mar 15/01 RBG 820,799.37 7.16% 1358 1,061,287.00 July 6199 RBG 250,000.00 8.00% 184 350,000.00 Mar 1100 RBG 61,000.00 9.00% 1460 82,960.00 May 1199 RBG 999,999.48 7.70% 1718 1,417,032.00 Feb 6/00 RBG . 295,000.00 8.50% 3285 295,000.00 May 26/04 WOOD GUNDY 435,075.29 5.20% 777 484.272.00 Aug 18100 RBG 2,063,810.92 7.95% 1688 2,937,391.00 Jan 13/00 RBG . 514,000.00 7.75% 1825 514,000.00 June 8/00 RBC 1,109,499.87 4.75% 817 1,230,317.00 Marl/DO RBG 999,999.65 8.20% 1825 1,482,799.00 Aug 8/00 RBC 620,220.69 5.15% 1007 711,752.00 Apr5fOl RBG . 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 RBG 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 RBG 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 WOOD GUNDY 500,000.00 5.22% 365 526,100.00 Apr 16/99 RBC 58,479.40 5.95% 2032 80,639.00 Dee 15102 RBC 25,125.57 5.95% 2025 34,613.00 Dee 15/02 RBC' 250,000.00 4.75% 1839 250,000.00 June 21103 RBC 427,625.00 5.50% 1628 542,878.00 Dee 1/01 - / OLO ON: CASHINV INVESTMENTS OUTSTANDING AS AT MARCH 31, 1998 PART"D" FINANCIAL INVESTMENT INTEREST #OFDAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE RBC . 250,000.00 5.25% 180 250,000.00 Jun 21/04 RESERVE FUND 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 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 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 WOOD GUNDY 1,706,284.10 5.05% 380 1,795,994.00 Mar 15/00 RBC 1,683,101.00 5.30% 1096 1,683,101.00 Mar 3/02 RBC 548,000.00 5.40% 1507 548,000.00 Apr 7/03 RBC 534,978.37 5.20% 1729 679,942.00 Dee 1/03 TOTAl RESERVE FUND 30,920,710.06 TOTAL INVESTMENTS 41,885,720.06 ,. Bond investment. Interest paid on a semi-annual/annual basis bLl DN:CASHPTE PART "E" March,1999 Development Charges Town Region C.H.E.C. Andelwood Homes 5,131.00 7,308.00 lo34,L.21, C.2, Darlington 40M1847 B/P#99.0036 Jane Bell 5,131.00 1,643.00 5534 Henry Road, Clarke 40R18347 Alan Price 5,131.00 1,643.00 lo6, C.1, Darlington B/P#98.0693(renewal B/P#99.0035l Veltri Group 50,946.00 39,900.00 3,774.00 lo12, C.2, Bowmanville 40M1886 B/P#99.0046-99.0051 Gay Company Ltd., 10,262.00 13,300.00 lo30, C.2, Darlington 40M1939 B/P#99.0092-99.0093 TOTALS 76,601.00 63,794.00 3,774.00 0[3 . . DN:CASHPTE PART "E" March. 1999 CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND Total Cash-in-Lieu of Parkland 0.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Total Engineering and Inspection Fees Contributions 0.00 CONTRIBUTIONS - ROADS Sandford Acres 4191.00 L.33, C.32&33. Darlington LD255-258/98 Total Roads Contributions 4.191.00 b{3