HomeMy WebLinkAboutTR-37-99
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THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meeting:
General Purpose and Administration Committee
File #: P'/D eA-
Res.#c6P/t- 3.71-91
Date:
June 21, 1999
Report #:
TR-37-99 File #:
By-Law #:
Subject:
CASH ACTIVITY REPORT - APRIL 1999
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-37-99 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 April 30, 1999, is as shown on
the attached schedule; and
3. THAT Part "A" of the expenditures for the month of April 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 April 30, 1999 and the comparative information for the
month ended April 30, 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 OPT A (Online Properly Tax Analysis System) by the Province and is
therefore not reflected in the attached Part B.
Reviewed by:
Or~~
Franklin Wu, M.C.I.P.,R.P.P.,
Chief Administrative Officer.
MM/NT/cd
Attachments
830
DN: CASHPTA
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Analysis of Revenue and Expenditures
for the Month of April 1999
PART "A"
APRIL APRIL
1999 1998
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PURPOSES:
TAX PAYMENTS RECEIVED- 8,737.1~5 9,114,686
PAYMENTS-IN-L1EU:
GOVT OF CANADA PIL
MUNICIPAL TAX ASSISTANCE PIL 20,893 26,026
ONTARIO HYDRO PIL
CHEC HYDRO PIL
MEMORIAL HOSPITAL PIL
BELL TELEPHONE PIL
LCBO PIL
REGION PIL
SALE OF LAND
COIW INFRASTRUCTURE GRANT 232,711
SUBSIDIES:
HANDI-TRANSIT 16,204
DEVELOPMENT CHARGES-TOWN 183,391 367,479
GENERAL 549.432 480,601
INTEREST 46;004 148,932
DEVELOPMENT CHARGES-REGION/PUC 423A~3 430,977
9,960,327 10,817,616
USE OF FUNDS:
PAYROLL 1,269,683 1,105,861
REGION LEVY 5,321,002 6,532,076
SCHOOL BOARD LEVIES 0 0
GENERAL-INCLUDING CAPITAL EXP. 1,529,527 1,496,863
8,120,212 9,134,799
NET CASH PROVIDED (USED) 1,840,114 1.682,817
BANK NET CASH BANK BANK
BALANCE PROVIDED BALANCE BALANCE
FINANCIAL POSIllON: Mar 31/99 (USED) ADr 30/99 Apr 30/98
GENERAL FUND 3,835,575 (343,604) 3,491,971 7,810,092
RESERVE FUND 1,149,181 256.495 1.405,676 2,745.438
MUNICIPAL POOLED INVESTMENTS 101,657 (21,277) 80,380 26,089
INVESTMENTS (GENERAL + RESERVE FUND) 41,885,720 1,948,500 43,834,220 34,597,947
TOTALS 46,972,133 1,840,114 48,812,247 5,179,566
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
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PART "C"
STATISTICAL INFORMATION
FOR THE MONTH OF APRIL 1999
APRIL YEAR TO DATE
Tax Certificates 7 283
Number of Properties eligible for Tax
Registration (see Note 1) ** see Note 1
Accounts Payable Cheques Issued
#29143 to #29666 524 2,263
Number of Births Registered 59 127
Number of Deaths Registered 42 159
Note 1: Number of properties eligible for tax registration not currently available due to
impact of Bill 79.
-
l t1-) 3
ON: CASHINV
INVESTMENTS OUTSTANDING
AS AT APRIL 30, 1999
PART fto"
FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY
INSTITUTION COST RATE OIS VALUE DATE
GENERAL FUND BMO 2,488,050.00 4.87% 36 2,500,000.00 May 6/99
BMO 2,985,660.00 4.87% 36 3,000,000.00 May 6/99
TD 2,971,860.00 4.61% 75 3,000,000.00 Jun 30/99
TD 1,992,720.00 4.76% 26 2,000,000.00 May 25/99
TD 2,975,220.00 4.75% 64 3,000,000.00 Jun 30/99
TOTAL GENERAL FUND 13,413;51 0.00
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 6/99
RBG 250,000.00 8.00% 184 350,000.00 Mar 1/00
RBG 61,000.00 9.00% 1460 82,960.00 May 1/99
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 18/00
RBG 2,063,610.92 7.95% 1688 2,937,391.00 Jan 13100
RBG . 514,000.00 7.75% 1625 514,000.00 June 8/00
RBG 1,109,499.87 4.75% 617 1,230,317.00 Mar 1/00
RBG 999,999.65 8.20% 1825 1,482,799.00 Aug 8/00
RBG 620,220.69 5.15% 1007 711,752.00 Apr5/01
RBG . 475,000.00 8.58% 2761 475,000.00 Mar 17/03
RBG 999,999.76 6.20% 1,252 1,229,256.00 July 6/99
RBG 138,709.23 6.25% 1,637 182,057.00 Aug 1/00
RBG 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
RBG 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
RBG 933,400.00 5.20% 1827 1,202,670.00 Nov 12102
RBG 58,479.40 5.95% 2032 80,639.00 Dee 15/02
RBG 25,125.57 5.95% 2025 34,613.00 Dee 15/02
RBG. 250,00000 4_75% 1639 250,000.00 June 21/03
RBG 427,625.00 5.50% 1628 542,878.00 Dee 1/01
RBG . 250,000.00 5.25% 160 250,000.00 Jun 21/04
(.1-) 4
ON: CASHINV
INVESTMENTS OUTSTANDING
AS AT APRIL 30,1999
PART "0"
FINANCIAL INVESTMENT INTEREST #OFDAYS MATURITY MATURITY
INSTITUTION COST RATE O/S VALUE DATE
RESERVE FUND RBC 1,109,500.90 5.05% 1213 1,307,911.00 Apr1/01
RBC 20,558.85 5.20% 1310 24,645.00 Jan 9/0,
WOOD GUNDY 402,102.80 4.82% 608 434,678.00 Dee 1/9S
WOOD GUNDY 171,793.70 4.82% 608 185,691.00 Dee 1/9S
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 31/0C
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 849,589.48 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 30,420,710.06
TOTAL INVESTMENTS 43,834,220,06
* Bond investment. Interest paid on a semi-annual/annual basis
'" Bond investment. Interest paid on a semi-annual/annual basis
;) J J
DN:CASHPTE
PART liE"
April, 1999
Development Charges
Total Town Region C.H.E.C.
B. Soles 6,774.00 5,131.00 1,643.00 -
10R338 LD55/97
B/P#99.0079
Derek Baird Holding 8,676.87 5,131.00 3,545.87 -
L.31, C.2 Darlington
40M1822
B/P#99.00521
D. Thomas 23,562.00 10,262.00 13,300.00 -
40R18613 LD 258/98
B/P#99.0138,99.0139
Delta Rae 49,756.00 20,524.00 29,232.00
L.17, C.1, Bowmanville
40M1907
B/P#99.0075-99.0078
Halminen Homes 43,118.16 15,202.16 27,916.00
L.34, C.1, Darlington
40M1931
B/P#98.0966, 967 99.0086, 99.0031
K & R Homes Inc 3,545.86 0.00 3,545.86
L.31, C.2, Darlington
40M1822
B/P#99.0052
Robinson Ridge Developments 125,406.48 45,606.48 79,800.00
L.34, C.1 Darlin9ton
40M1931
B/P#99.01 02-99.01 09, 99.0110-99.0113
Kaitlin Group 13,068.00 5,760.00 7,308.00
L.2 BFC Clarke
B/P#98.1020
Kaitlin Group 20,608.00 0.00 20,608.00
40M-1940
L.17, C.1, Bowmanville
B/P#99.0065-99.0067
Kaitlin Group 11,992.73 4,684.73 7,308.00
40M1904
L.17, C.1, Bowmanville
B/P#99.0058
Kaitlin Group 39,900.00 0.00 39,900.00
40M 1 907
L.17, C.1, Bowmanville
B/P#99.0080-99.0085
Haliminen Homes 24,878.00 10,262.00 14,616.00
40M 1820
B/P#99.0114-99.0115
L _ (
OJO
DN:CASHPTE
PART "E"
April, 1999
Andelewood Homes 12,439.00 5,131.00 7,308.00
40M1847
L.34, C.2 Darlin9ton
B/P#99.0072
Gay Company Ltd. 12,439.00 5,131.00 7,308.00
40R18787
L.29, C.2, Darlington
B/P#99.0094
Thomas Simpson 6,774.00 5,131.00 1,643.00
40R18681
L19, C.2, Clarke
B/P#99.0168
Ci ram Devel Corp. 80,388.00 0.00 80,388.00
40M 1776
L.10, C.3, Bowmanville
B/P#99.0143-99.0152
Rob McKay 6,774.00 5,131.00 1,643.00
L.30, C.8, Darlington
B/P#99.0183
Sandford Acres Ltd., 12,439,00 5,131.00 7,308.00
40R18491
L.31, C.2, Darlington
B/P#98.0155
Sandford Acres Ltd. 12,439.00 5,131.00 7,308.00
40R18613
L.33, C.2, Darlington
B/P#99.0154
Everest Davel 23,562.00 10,262.00 13,300.00
40M 1 954
L.31, C.3, Darlington
B/P#99.0033, 99.0034
Liza Homes 36,572.76 14,648.76 21,924.00
40M 1902
L.30, C.2, Darlington
B/P#98.1033, 98.1035
E. Stano 5,131.00 5,131.00
L.31, C.2, Darlington
B/P#99.0153
Veltri Group 26,600.00 0.00 26,600.00
40M1886
L.12, C.2, Bowmanville
B/P#98.0582,98.0585
TOTALS 606,843.86 183,391.13 423,452.73 0.00
OJ7
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DN:CASHPTE
PART "E"
April,1999
CONTRIBUTIONS. CASH-IN-LIEU OF PARKLAND
Les Colvin 585.00
L.35, C.2, Darlington
LD 130/98
Cleamet
SPA 99-004, 99-005, 99-003, 99-007 2.413.00
Magik Morm 509.36
L24, C.6, Darlington
LD 107/99
Total Cash-In-Lieu of Parkland 3,507.36
CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES
464367 Ontario Ltd. 4,157.09
Summitcrest Court
40M 1882
Total Engineering and Inspection Fees Contributions 4,157.09
CONTRIBUTIONS - ROADS
Total Roads Contributions 0.00
0.58