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Home My WebLink AboutTR-55-99 v . '" .l , DN, TR-55 -98 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration Committee File # r::IO CA- Res. #(;PA-4f?j+-Cf9 Date: September 20, 1999 Report #: TR-55-99 FILE #: DEV By-law # Subject: CASH ACTIVITY REPORT - JUNE 1999 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-55-99 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 C1arington for the month ended June 30, 1999, is as shown on the attached schedulej and 3. THAT Part" A" of the expenditures for the month ofJune 1999, be confirmed. BACKGROUND 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 June 30, 1999 and the comparative information for the month ended June 30, 1998. The status of taxes receivable information has been included. However, the impact of Bill 79 - Capping of Commercial, Industrial, and Multi-residential Properties will have a ()UO REPORT NO.: TR- -99 PAGE 2 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 and is therefore not reflected in the attached Part B. Currently, no 1999 tax bills have been issued in the capped classes. Respectfully submitted, Reviewed by, d raJX~~ Frank Wu, Chief Administrative Officer. MM*LG*ls Attachments dul CORPORATION OF THE MUNICIPALITY OF ClARINGTON Analysis of Revenue and Expenditures for the Month of June 1999 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED .. PA YMENTS-IN-LIEU: GOV'T OF CANADA Pll MUNICIPAL TAX ASSISTANCE Pll ONTARIO HYDRO Pll CHEC HYDRO Pll MEMORIAL HOSPITAL Pll BEll TELEPHONE Pll lCBO Pll REGION Pll SALE OF lAND ONTARIO HYDRO PROCEEDS DEVELOPER CONTRIBUTION. CPR UNDERPASS COIW INFRASTRUCTURE GRANT SUBSIDIES: HANDJ-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 (USED) FINANCIAL POSITION: GENERAL FUND RESERVE FUND MUNICIPAL POOlED INVESTMENTS INVESTMENTS (GENERAL + RESERVE FUND) TOTALS BANK BALANCE May 31/99 1 ,334,S37 200,000 288,276 1,186,565 169,527 439 920 3,618,826 776,767 o o 2,243 241 3 020,008 598 818 NET CA5H PROVIDED (USED) PART "A" JUNE 1998 o <~@K ...~Ap\-NCE u~W199 2,517,218 1,662,607 27,586 39,940834 .----."..--- '::::;:;::::::::,:,;;,::. ,:,:>:.:-:.;-:-:-,:,-,-, 4, 779, 130!,~~5,#4? (1 ,S29,285)P:lA~t 34,4649~;~4? (2,772 796) ~7T6a;o38 44148245 BANK BALANCE June 30/98 6,19S,531 1,283,907 27,670 39084,674 .,'.:'-':.;...,.....'.-.. ;.;.>;-:.:':-:-.-....-. ...'-:'-':.:'-.._-..,.... ,---",,-.-,-.,-,-. 511 S 12 4.J,5S91s~ 46 591 782 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. '" "'includes outstanding journal entries still to be posted. OdO CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of June 1999 MAY 1999 INTEREST TAXES PAYMENTS RECEIVABLE ADDED BILLED BALANCE fADJUST.... CURRENT YEAR TAXES 2,432,177 0 2,432,177 (2,323,352) PENALTY AND INTEREST (10931) 32,223 21,292 44,053 1998 YEAR TAXES 3,049,962 3,049,962 (269,197) PENALTY AND INTEREST 89 529 37,173 126 702 104,70B 1997 YEAR TAXES 920,290 920,290 (72,574) PENALTY AND INTEREST 108146 12,084 120230 26 527 PRIOR TAXES 921,656 921,656 (24,531) PENALTY AND INTEREST 402274 11,567 413 840 30 393 TOTAL 7913103 93,046 0 8,006,149 (2 483 973) TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) PERCENT OF CURRENT TAXES OUTSTANDING ... Includes refunds} write-effs, 496'5, etc. NOTE 1: Tax payments do not tie into Part A due to timing differences since Part A is on a cash basis (ie. difference due to outstanding deposits) NOTE 2: 1999 Final RESIDENTIAL Tax Billing Due Juiy 1999. 1999 Non-Residential Tax Billing delayed due to Bill 79 Capping. NOTE 3: For information purposes only. True comparison to prior year not applicable due to changes in tax policy resulting from reassessment and Bill 79. oui PART "B" JUNE 199B 1,69B,255 45,473 2,270,097 189019 870,734 107,OB9 739,931 223,879 6,144,477 nfa nfa PART "C" STATISTICAL INFORMATION FOR THE MONTH OF JUNE 1999 JUNE YEAR TO DATE Tax Certificates Number of Properties eligible for Tax Registration (see Note 1) Accounts Payable Cheques Issued #30097 to #30675 Number of Births Registered Number of Deaths Registered 167 860 ** see Note 1 578 17 44 3,271 164 203 Note 1: Number of properties eligible for tax registration not currently available due to impact of Bill 79. JIJ MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT JUNE 30, 1999 PART "D" I I FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE OIS VALUE DATE GENERAL FUND TO 2,984,160.00 4.61% 42 3,000,000.00 Jul 30/99 TD 2,984,160.00 4.61% 42 3,000,000.00 Jul 30/99 TOTAL GENERAL FUND ......$;<j~8.j26<{)b. 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 433,363.09 7.16% 1358 1,061,287.00 July 6/99 RBC 330,800.00 4.75% 730 487,930.00 Jun 21/04 RBC 999,999.48 7.70% 1718 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 18/00 RBC 2,063,810.92 7.95% 1688 2,937,391.00 Jan 13/00 RBC . 5 I 4,000.00 7.75% 1825 514,000.00 June 8/00 RBC 1,109,499.87 4.75% 817 1,230,317.00 Mar 1/00 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 . 500,000.00 6.25% 2557 500,000.00 Jun 21/06 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 I 100 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 8/00 RBC 299,628.50 5.30% 1396 365,000.00 Sept 1/00 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 58,479.40 5.95% 2032 80,639.00 Dec 15/02 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 o MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT JUNE 30, 1999 I FINANCIAL INSTITUTION RESERVE FUND RBC . RBC RBC WOOD GUNDY WOOD GUNDY WOOD GUNDY RBC RBC RBC PART "0" INVESTMENT INTEREST # OF DAYS MATURITY MATURITY COST RATE O/S VALUE DATE 2S0,000.00 1,109,500.90 20,558.85 402,102.80 171,793.70 528,412.46 324,159.58 89B,314.97 RBC 1,233,830.84 2,160,071.68 RBC 649,589.48 WOOD GUNDY 882,000.00 RBC 857,943.90 RBC 855,000.00 WOOD GUNDY 500,000.00 WOOD GUNDY 1,706,284.10 RBC 1,683,101.00 RBC 548,000.00 RBC 534,978.37 Hong Kong 2,247,949.38 RBC 118,693.50 TOTAL RESERVE FUND TOTAL INVESTMENTS 31 199 :7 i 7.!~8 .'. ""'-'-'-"'-'.".' '-"-" .,-.-,-,'.', .-........ . .-.-,.. . ..... . ..... . ""-'-'-',",'-'-'-'-"-' "'-"'-"'-'.","'-" . 3716801;';98 *' Bond investment. Interest paid on a semi-annual/annual basis 5.25% 5.05% 5.20% 4.82% 4.82% 5.34% 5.08% 5.00% 5.70% 5.95% 5.95% 7.75% 4.97% 5.35% 5.22% 5.05% 5.30% 5.40% 5.20% 4.5B% 5.10% . i OIL 180 250,000.00 1213 1,307,911.00 1310 24,645.00 608 434,678.00 608 185,691.00 78B 590,807.00 592 350,974.00 919 1,037,435.00 970 2,503,270.00 Jun21/04 Apr 1/01 Jan 9/02 Dec 1 /99 Dec 1 /99 Aug 8/00 Jan 31/00 Mar. 8/01 1002 1,445,952.00 Jun 2/01 May 1/01 1185 783,582.00 Dec 2/01 301 950,355.00 Sept 1/99 360 900,000.00 Nov 12/99 1832 1,065,102.90 Mar 1/04 731 526,500.00 Apr 16/00 380 1,795,994.00 Mar 15/00 1096 1,683,101.00 Mar 3/02 1507 548,000.00 Apr 7/03 1729 679,942.00 Dec 1/03 91 2,273,617.88 Aug 9/99 1976 155,297.00 OCT 15/04 DN:CASHPTE PART liE" June, 1999 I I Development Charges Total Town Region C.H.E.C. Ridge Pine Park 615.00 615.00 - - L.746 35BF Cone" BIP#99.0346 John Halminen 12,439:00 5,131.00 7,308.00 - L.35, C.2, Clarke BIP#99.0330 1220582 Ontario Ltd., 97,527.96 39,063.96 58,464.00 - L.30, C,2, Darlington 40M1902 BIP#98.0628,629, 1031,1032,1036-1039 Melody Homes 7;308,,00 0,00 7,308.00 L.l 0, C.3, Bowmanville 40Ml776 BIP#99,0313 Wm. Turansky 1,643,00 0.00 1,643,00 L.5, C.7, Kendal BIP#99.0287 W. E. Roth Construction 91,436.00 38,236.00 53,200.00 L.31, C.2, Darlington 40M1928 BIP#99.0318-325 Stalwood Homes 20,652.00 10,262.00 10,390.00 LD 012-015198 40R18714 BIP#99.0300, 301 Kaltlin Group 11,783.34 4,475.34 7,308,00 L.17, C.l, Bowmanville 40M1940 B/P#99.0303 Robert Van Drunen 6,774.00 5,131.00 1,643.00 L.23, C.2, Darlington BIP#99.0308 Robinson Ridge Development 20,901.08 7,601,08 13,300.00 L.34, C.1, Darlington 40M1931 BIP#99.0344,345 464367 Ontario Ltd., 8,017.19 8,017.19 L.9, C.6, Darlington 40M 1882 01.5 . DN:CASHPTE PART "E" June, 1999 Prestonvale Heights 74,634;00 30,786.00 43,848.00 L.34, C.2, Darlington 40M 1929 B/P#99.0337-342 Andelwood Homes 12,439.00 5,131.00 7,308.00 L.34, C.c, Da~ington 40M1847 B/P#99.0299 Slalwood Homes 10;326.00 5,131.00 5,195.00 L.l0, C.2, Newtonville B/P#99.0348 DeVries 7,403.00 5,131.00 1,643.00 629.00 L.11, BFC Bowmanville B/P#99.0358 Sandford Acres 23,562.00 10,262.00 13,300.00 L.33, C.2, Darlington B/P#99.0250, 251 P. Brethell 6,774.00 5,131.00 1,643.00 L.14, C.8, Darlington B/P#99.0297 A. Lanteigne 1,643.00 0.00 1,643.00 L.30, C.8, Darlington B/P#99.0349 TOTALS 415,877.57 180,104.57 235,144.00 629.00 01'+ . DN:CASHPTE PART liE" June,1999 CONTRIBUTIONS - CASH-IN-LIEU OF PARKLAND W.E. Roth Construction 18T -97028 7,500.00 Total Cash-in-Lieu of Parkland 7,500.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Clamew Developments Inc. Subdivision 187-88061 54,050.32 Marianna Developments Scugog Court Subdivision 3,918.38 Total Engineering and Inspection Fees Contributions 57,968.70 CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 o J