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Home My WebLink AboutTR-59-99 " ON, TR-59 -98 , THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration Committee File # rlO 0/t Res. #&/fI-177-'1/ Date: October 18, 1999 Report #: TR-59-99 FILE #: DEV By-law # Subject: CASH ACTIVITY REPORT - JULY 1999 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-59-99 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 July 31, 1999, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month ofJuly 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 July 31, 1999 and the comparative information for the month ended July 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 will have a 801 REPORT NO.: TR.59-99 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, cJ f'~~ Frank Wu, Chief Administrative Officer. e . arano, H.BSs., A.M.C.T., Treasurer MM*LG*ls Attachments 802 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of) uly 1 999 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED PA YMENTS-IN-lIEU: 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 ONTARIO HYDRO PROCEEDS DEVELOPER CONTRIBUTION - CPR UNDERPASS 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 (USED) FINANCIAL POSITION: GENERAL FUND RESERVE FUND MUNICIPAL POOLED INVESTMENTS INVESTMENTS (GENERAL + RESERVE FUND) TOTALS BANK BALANCE June 30/99 7,296,349 133,322 62,049 37 16B 03B JULY 199B 1,303,469 31,500 91,364 747,758 256,248 144,997 2,575,336 752,506 o o 3195,110 3,947616 (1 372 280) NET CASH$ANl< PROVIDED~..\q<"NM / (USED) \ il!Y311<X1 ...,-.'.... ..-'..'. .,. . . ...,-.......'......'-'..'. .. . . ,."."..-- .>..-...... ..---'" 5,503,492 JM!;i~;$fQ 408,734~4Z;Iil~~ (40,511)\~(;$W 1 ,369 1293~Sjli6tH PART "A" BANK BALANCE July 31/98 1,029,918 1,36B,124 31,023 42 790436 .".... . .;,-.;-:---'..'.'.,'. .".".". 44,659 75B 7,240,B44S19006Qi. 45,219 501 NOTE A: Difference In comparison between years due to timing difference In receipt of funds. 803 CORPORA nON OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of July 1999 JUNE 1999 INTEREST RECEIVABLE ADDED TAXES BILLED PAYMENTS BALANCE f ADJUST. u, CURRENT YEAR TAXES PENALTY AND INTEREST 108,825 65,345 13,409,114 13,517,939 (13,577,628) 28,878 94,223 (27951) 1998 YEAR TAXES PENALTY AND INTEREST 2,780,764 231,409 34,004 2,780,764 (214,094) 265 413 (29,692) 847,717 (39,451) 158,046 (10406) 897,125 (31,128) 455,655 (6,543) 1997 YEAR TAXES PENALTY AND INTEREST 847,717 146 757 11 289 PRIOR TAXES PENALTY AND INTEREST 897,125 444233 11,421 TOTAL 5,522,175 85,593 13 409,114 19016 882 (13,936,892) TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS)-NOTE 2 PERCENT OF CURRENT TAXES OUTST ANDING.NOTE 3 ... Includes refunds, write-offs, 496'5, ete. 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) 1999 Final RESIDENTIAL Tax Billing Due July 1999. 1999 Non-Residential Tax Billing delayed due to Bill 79 Capping. For information purposes only. True comparison to prior year not applicable due to Changes in tax policy resulting from reassessment and Bill 79. Mortgage companies have paid the September 24th, 1999 installment in advance. NOTE 2: NOTE 3: NOTE 4: 804 PART liB" JULY 1998 945,949 55,053 1,900,959 150 539 794,172 96,279 697,291 222 908 4,863 149 nfa nfa THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "C" 5T A Tl5TICAL INFORMATION FOR THE MONTH OF JULY 1999 JULY YEAR TO DATE Tax Certificates 220 1,080 Number of Properties eligible for Tax Registration (see Note 1) .. see Note 1 Accounts Payable Cheques Issued #30676 to #31135 459 3,730 Number of Births Registered 53 217 Number of Deaths Registered 35 238 Note 1: Number of properties eligible for tax registration not currently available due to impact of Bill 79. 805 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT JULY 31,1999 PART "D" I I FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY COST RATE OIS VALUE DATE INSTITUTION GENERAL FUND TD 4,954,250.00 4.68% 72 5,000,000.00 Sept 30/99 TD 990,850.00 4.68% 72 1,000,000.00 Sept 30/99 TD 990,850.00 4.68% 72 1,000,000.00 Sept 30/99 TOTAL GENERAL FUND ...6.935950LOO... .'.'.".-.J..'..'....-.,-,. 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 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 1 8/00 RBC 774,999.81 5.25% 1249 922,509.00 Dee 15/02 RBC 287,862.48 5.40% 1319 347,702.00 Feb 23/03 RBC 771,999.33 5.40% 1596 970,580.00 Nov 27103 RBC 2,063,810.92 7.95% 1688 2,937,391.00 Jan 1 3/00 RBC * 514,000.00 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 17103 RBC * 500,000.00 6.25% 2557 500,000.00 Jun 21/06 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 8/00 RBC 299,628.50 5.30% 1396 365,000.00 Sept 1/00 806 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT JULY 31,1999 I FINANCIAL INSTITUTION RESERVE FUND RBC RBC RBC RBC RBC* RBC RBC * RBC RBC WOOD GUNDY WOOD GUNDY WOOD GUNDY RBC RBC RBC RBC RBC WOOD GUNDY RBC RBC WOOD GUNDY WOOD GUNDY RBC RBC RBC Hong Kong RBC TOTAL RESERVE FUND TOTAL INVESTMENTS INVESTMENT INTEREST # OF DAYS COST RATE O/S 180,862.43 933,400.00 58,479.40 25,125.57 250,000.00 427,625.00 250,000.00 1,109,500.90 20,558.85 402,102.80 171,793.70 528,412.46 324,159.58 898,314.97 2,160,071.68 1,233,830.84 649,589.48 882,000.00 857,943.90 855,000.00 500,000.00 1,706,284.10 1,683,101.00 548,000.00 534,978.37 2,247,949.38 118,693.50 31 ;601,4) (1.15 . ."...-----,..,.."....,',.-. ,.".,-..--_....... ,...-----., ,., ,.. ,. ....-.........-.....'...--- ......... ", ---...... ."....,..,-.-- ,"'",'.',"-" ',' ',' , , . . - . - --". , . . . .-,-"""'-""'-"-' .".".. .-,--_... . , . , , . , ' . . - - -- , . , , . , - , . ....-....-...._....".,-.- 38,537,166.75 .". ,.,_. ---',.."., . 5.63% 5.20% 5.95% 5.95% 4.75% 5.50% 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% 4.58% 5.10% * Bond investment. Interest paid on a semi-annual/annual basis 807 1549 1827 2032 2025 1839 1628 180 1213 1310 608 608 788 592 919 970 1002 1185 301 360 1832 731 380 1096 1507 1729 91 1976 PART "D" MATURITY MATURITY V ALUE DATE 228,160.00 1,202,670.00 80,639.00 34,613.00 250,000.00 542,878.00 250,000.00 1,307,911.00 24,645.00 434,678.00 185,691.00 590,807.00 350,974.00 1,037,435.00 2,503,270.00 1,445,952.00 783,582.00 950,355.00 900,000.00 1,065,102.90 526,500.00 1,795,994.00 1,683,101.00 548,000.00 679,942.00 2,273,617.88 155,297.00 Feb 1/01 Nov 12/02 Dee 15/02 Dee 15/02 June 21/03 Dee 1/01 Jun 21/04 Apr 1/01 ]an 9/02 Dee 1/99 Dee 1 /99 Aug 8/00 ]an 31/00 Mar. 8/01 May 1/01 Jun 2/01 Dee 2/01 Sept 1/99 Nov 12/99 Mar 1/04 Apr 16/00 Mar 15/00 Mar 3/02 Apr 7/03 Dee 1/03 Aug 9/99 OCT 15/04 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" July, 1999 I II Totall Development Charges Town Region C.H.E.C. 963639 Ontario Ltd. 130,165.00 76,965.00 53,200.00 40M-1954 L.31,C.3, Darlington B/P#99.0290-291, 350-353 Jeffrey Homes 24.878.00 10,262.00 14,616.00 40M1779 Blk 38, 39 B/P#99.0369,370 Robinson Ridge Development 20,901.08 7,601.08 13,300.00 40M1902 L.34, C.1, Darlington B/P#99.0355-356 Robinson Ridge Development 73,153.78 26,603.78 46,550.00 40M1931 L.34, C.1, Darlington B/P#99.0378-384 R. Johnson 6,774:00 5,131.00 1,643.00 L.25, C.5, Clarke B/P#99.0404 Andelwood Homes 12,439.00 5,131.00 7,308.00 40M1847 L.34, C.2, Darlington B/P#99.0418 464367 Ontario Ltd. 8,017.19 8,017.19 40M1882 L.9, C.6, Darlington Prestonvale Heights 142,114.00 112,882.00 29,232.00 40M1929 L.34, C.2, Darlington B/P#99. 040 1-406, 423 808 . CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" July, 1999 Development Charges Total Town Region C.H.E.C. Halminen Homes 12,439.00 5,131.00 7,308.00 40R16889 B/P#99.0399 1249981 Ontario Ltd., 66,156,00 26,256.00 39,900.00 40M1945 L.30, C.3, Darlington B/P#99.041 0-415 A. Skilling 12,439:00 5,131.00 7,308.00 L.31, C.2, Darlington B/P#99.0420 McComb 12,439.00 5,131.00 7,308.00 LD099/99 L.33, C.2, Darlington B/P#99.0425 Schickedanz Bros. 39,204.00 15,393.00 21,924.00 1 ,887.00 LD 19/99,20/99,21/99 B/P#99.0396-398 BCR Construction 1,643.00 0.00 1,643.00 TOTALS 562,762.05 309,635.05 251,240.00 1,887.00 809 . . CORPORATION OF THE PART "E" MUNICIPALITY OF CLARINGTON July, 1999 CONTRIBUTIONS. CASH-IN-LIEU OF PARKLAND Sandford Acres 6,310.00 18T90029 Schickedanz 2,700.00 LD118/99, 120/99 Total CashMin-Lieu of Parkland 9,010.00 . CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES St. Stephens Estates 67,500.00 Sandford Acres 5,703.99 18T90029 W.E. Roth Construction 1,592.99 18T97028 Region of Durham 1,485.00 Total Engineering and Inspection Fees Contributions 76,281,98 CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 810