HomeMy WebLinkAboutTR-48-99
.,. ,. ON. TR-48 -99
. . " THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meeting:
General Purpose and Administration Committee
File # FJO eft
Res. #0/#- jl7-97
Date:
July 5, 1999
Report #:
Subject:
TR-48-99
FILE#:
By-law #
CASH ACTIVITY REPORT - MAY 1999
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-48-99 be received j
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 May 31, 1999, is shown on the
attached schedulej and
3. THAT Part II A" of the expenditures for the month of May 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 May 31, 1999 and the comparative information for the
month ended May 31, 1998.
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
854
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REPORT NO.: TR.48.99
PAGE 2
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 and
is therefore not reflected in the attached Part B.
Respectfully submitted,
Reviewed by,
df\~~
ne Marano, H.B.Sc., A.M.C.T.,
Treasurer
Franklin Wu,
Chief Administrative Officer.
MM*NT*ls
Attachments
855
DN:CASHPTA
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Analysis of Revenue and Expenditures
for the Month of May 1999
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PURPOSES:
TAX PAYMENTS RECEIVED **
PAYMENTS-IN.UEU:
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
COIW INFRASTRUCTURE GRANT
SUBSIDIES:
HANDI- TRANSIT
DEVELOPMENT CHARGES-TOWN
GENERAL
INTEREST
DEVELOPMENT CHARGES-REGION/PUC
USE OF FUNDS:
PAYROLL
REGION LEVY
SCHOOL BOARD LEVIES
GENERAL-INCLUDING CAPITAL EXP.""
NET CASH PROVIDED IUSEDI
PART ftAft
MAY
1998
1,742,876
1,062,784
174,660
911,230
118,189
346,125
4,355,865
729,344
o
o
2,813,122
3,542,467
813,398
BANK NET CASH BANK
BALANCE PROVIDED BALANCE
FINANCIAL POSITION: A r 30/99 (USED) Ma 31/98
GENERAL FUND 3,491,971 (974,752) 1,926,494
RESERVE FUND 1,405,676 256,931 2,333,426
MUNICIPAL POOLED INVESTMENTS 80,380 (52,794) 149,625
INVESTMENTS (GENERAL + RESERVE FUND) 44,334,220 (4,393,386) 41,583,419
TOTALS 49,312,247 (5,164,001) 45,992,964
NOTE A: Difference in comparison between years due to timing difference in receipt of funds.
"""includes outstanding journal entries still to be posted.
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PART "C"
STATISTICAL INFORMATION
FOR THE MONTH OF MAY 1999
MAY YEAR TO DATE
Tax Certificates 410 693
Number of Properties eligible for Tax
Registration (see Note 1) ** see Note 1
Accounts Payable Cheques Issued
#29667 to #30096 430 2,693
Number of Births Registered 20 147
Number of Deaths Registered 0 159
Note 1: Number of properties eligible for tax registration not currently available due to
impact of Bill 79.
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ON: GASHINV
INVESTMENTS OUTSTANDING
AS AT MAY 31,1999
PART "0"
FINANCIAL INVESTMENT INTEREST #OF DAYS MATURITY MATURITY
INSTITUTION GOST RATE OIS VALUE DATE
GENERAL FUND TO 2,971,860.00 4.61% 75 3,000,000.00 Jun 30/99
TO 2,975,220.00 4.75% 64 3,000,000.00 Jun 30/99
MTL 2,987,400.00 4.53% 34 3,000,000.00 Jun 14199
TOTAL GENERAL FUND 8,934,480.00
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 15101
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 999,999.48 7.70% 1718 1,417,032.00 Feb 6100
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 2,063,810.92 7.95% 1688 2,937,391.00 Jan 13/00
RBG . 514,000.00 7.75% 1825 514,000.00 June 8/00
RBG 1,109,499.87 4.75% 817 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 6199
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
RBC* 250,000.00 4.75% 1839 260,000.00 June 21/03
RBG 427,625.00 5.50% 1628 542,878.00 Dee 1/01
RBG . 250,000.00 5.25% 180 250,000.00 Jun 21104
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ON: CASHINV
INVESTMENTS OUTSTANDING
AS AT MAY 31,1999
PART "D"
RESERVE FUND RBC 1,109,500.90 5.05% 1213 1,307,911.00 Apr 1101
RBC 20,558.85 5.20% 1310 24,645.00 Jan 9102
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 8100
RBC 324,159,58 5.08% 592 350,974.00 Jan 31100
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 1101
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 2101
WOOD GUNDY 882,000.00 7.75% 301 950,355.00 Sept 1/99
RBC 857,943.90 4.97% 360 900,000.00 Nav 12199
RBC 855,000.00 5.35% 1832 1,065,102.90 Mar 1/04
WOOD GUNDY 500,000.00 5.22% 731 526,500.00 Apr 16/00
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
Hong Kong 2.247,949.38 4.58% 91 2,273,617.88 Aug 9/99
RBC 118,693.50 5.10% 1976 155,297.00 OCT 15104
TOTAL RESERVE FUND 31,006,354.26
TOTAL INVESTMENTS 39,940,834.26
* Bond investment. Interest paid on a semi-annual/annual basis
* Bond investment. Interest paid on a semi-annual/annual basis
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DN:CASHPTE
PART "E"
May, 1999
Development Charges
Talal Town Region C.H.E.C.
Glyn Jenkins 6,774,00 5,131.00 1,643.00 -
L.13, C.6, Clarke
40R 15826 LD94/020
B/P#99.0194
Robert Cathcart 5,131.00 5,131.00 - -
L.15, C.5, Clarke
B/P#99.0208
W. E. Roth Construction 41,369.00 19,118.00 22,251.00 -
L.31, C.2, Darlington
40M1928
B/P#99.0176,219-221
Son Bon Homes 8,017.19 8,017.19 -
L.9, C.6, Darlington
40M1882
B/P#99.0195
Ridge Pine Park 615.00 615.00 0.00
L.747
B/P#98,0249
Robinson Ridge Developments 33,325.62 11,401.62 21,924.00
L.34, C.l, Darlington
40M1931
B/P#99.0232-0234
Kaitlin 153,167.00 46,179.00 106,988.00
L.17, C.l, Bowmanville
40M1944
B/P#99.0117, 116, 123-127, 129-135
Ridge Pine Park 615,00 615.00 0.00
L.42
B/P#99.0259
George Bartek 1,643,00 0.00 1,643.00
L.3, C.6, Clarke
B/P#99.0200
Gay Company Limitec 11,781.00 5,131.00 6,650.00
40M 1939
L,30, C.2, Darlington
B/P#99.0247
Gay Company Limitec 11,781.00 5,131.00 6,650.00
40M 1939
L.30, C.2, Darlington
B/P#99.0244
Gay Company Limitec 11,781.00 5,131.00 6,650.00
40M 1939
L.30, C.2. Darlington
B/P#99.0245
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00
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DN:CASHPTE
PART "E"
May, 1999
Gay Company Limited 11,781.00 5,131.00 6,650.00
40M 1939
L.30, C.2 Darlington
B/P#99.0246
Danca Building Services 1,643.00 0.00 1,643.00
40M 1826
B/P#99.0213
Robinson Ridge 73,153.78 26,603.78 46,550.00
40M1931
L.34, C.l, Darlington
B/P#99.0268,99.0274
W. E. Roth Construction 69,893.00 28,677.00 41,216.00
40M 1928
L.31, C.2, Darlington
B/P#99.0261- 99.0266
Andlewood Homes 12.439.00 5,131.00 7,308.00
40M1847
L.34, C.2, Darlington
B/P#99.0178
Prestonvale Heights Ltd., 49,756.00 20,524.00 29,232.00
40M 1929
L.34, C.2, Darlington
B/P#98.0216, 217, 236, 237
Kaitlin 31,364.10 4,764.10 26,600.00
40M1940
L.17, C.l, Bowmanville
B/P#99.254-257
Kaitlin 69,324.38 28,108.38 41,216.00
40M 1904
L.17, C.l, Bowmanville
B/P#99.0172, 173,202, 203, 57, 63
Ridge Pine Park 1,845.00 1,845.00 0.00
L.710
B/P#99.0302, 316, 317
Eiram Development Corporation 43,848.00 0.00 43,848.00
40M 1776
L.10, C.3, Bowmanville
B/P#99.0224-229
Harold Westerman 6,774.00 5,131.00 1,643.00
L.17, C. 6, Clarke
B/P#99.0280
TOTALS 657,821.07 237,516.07 420,305.00 0.00
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DN:CASHPTE
PART "e"
May, 1999
CONTRIBUTIONS - CASH-iN-LIEU OF PARKLAND
Schickedanz
L9, C1, Bowmanville
Total Cash-in-Lieu of Parkland
CONTRIBUTIONS. ENGINEERING AND INSPECTION FEES
Timberlane Developments
Primrose subdivision
Imperial Oil
Brownsville Road
Total Engineering and Inspection Fees Contributions
CONTRiBUTIONS - ROADS
Total Roads Contributions
003
2,700.00
2,700.00
15.257.84
2016.00
17,273.84
0.00