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Home My WebLink AboutTR-60-99 " . DN, TR-60 -98 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Date: October 18, 1999 File # tJOcL Res. # 6fJff47b - err Meeting: General Purpose and Administration Committee Report #: TR-60-99 FILE #: DEV By-law # Subject: CASH ACTIVITY REPORT - AUGUST t 999 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-60-99 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 August 31, 1999, is as shown on the attached schedulej and 3 . THAT Part II A" of the expenditures for the month of August 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 August 31, 1 999 and the comparative information for the month ended August 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 811 , REPORT NO.: TR-60-99 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, c2es,., A-M.CT., Treasurer cJ~~ Frank Wu, Chief Administrative Officer. MM*LG*ls Attachments 812 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of August 1999 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED PA YMENTS-IN-L1EU: 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: HAND 1- 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 July 31/99 12,799,840 542,056 21,538 38,537 167 AUGUST 1998 985,787 274,845 417,324 99,350 377 905 2,155,211 764,106 o o 2278438 3,042 544 (887333) NET CASHMNl< PROVIDED~M"',!\I~E / (U SED) . Ail: 30199 PART "A" BANK BALANCE Au . 30/98 :;::',':::::;:,:,':::::::::, ,-,",".;,-.;.;."..:.:.:,:.;. !;~~~,~!~ 2,522,298 77S;J12 1,912,383 33,340 39 864 148 51 900601 (10 649,389) NOTE A: Difference In comparison between years due to timing difference in receipt of funds. 813 44 332,169 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of August 1999 JULY 1999 INTEREST TAXES PAYMENTS RECEIVABLE ADDED BILLED BALANCE fADJUST. ... CURRENT YEAR TAXES (59,6B9) (59,689) (897,597) PENALTY AND INTEREST 66 272 45,972 112244 (14,902) 1998 YEAR TAXES 2,566,670 2,566,670 (109,157) PENALTY AND INTEREST 235,721 31,135 266,856 (16,446) 1997 YEAR TAXES 808,266 80B,266 (21,B03) PENALTY AND INTEREST 147,640 10,838 158478 (6,894) PRIOR TAXES 865,997 865,997 (11,140) PENALTY AND INTEREST 449,112 11093 460,205 (2392) TOTAL 5,079,990 99,037 0 5179028 (I 080 332) TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) PERCENT OF CURRENT TAXES OUTSTANDING ... Includes refunds, write-affs, 496'5, ete. NOTE I: 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: 814 PART "8" AUGUST 1998 661,227 58 897 1,733,847 140 806 692,172 82,833 673,030 323,110 4,365,922 nfa nfa THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "C" STATISTICAL INFORMATION FOR THE MONTH OF AUGUST 1999 AUGUST YEAR TO DATE Tax Certificates 176 1,256 Number of Properties eligible for Tax Registration (see Note 1) ** see Note 1 Accounts Payable Cheques Issued #31136 to #31583 447 4,177 Number of Births Registered 59 276 Number of Deaths Registered 44 282 Note 1: Number of properties eligible for tax registration not currently available due to impact of Bill 79. 815 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT AUGUST 30, 1999 PART "D" I I FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY COST RATE O/S 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 ...6.935.950.00.. ...f.::'.,...O}:>__'.:.,.....-. 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 18/00 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 27/03 RBC 2,063,810.92 7.95% 1688 2,937,391.00 Jan 13/00 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 17/03 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 1/00 816 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT AUGUST 30, 1999 PART "D" FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE 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 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 2,273,617.88 118,693.50 .3j.626 MS.2Sn. .,_,'/.,_,.,,_1_...,.,0,..-.-'.-. ."..... ..".. .. .. .,......-..-,."..... ._--.-....-.---. ."."., ......... .. ""'-"-'0-"""'" ."."....."., .. .,-...,_....-.. ..---....----. ."."......... .. .. , .--..-""..-..-" .-',,', .. . 38,562;835.25 · 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% 5.02% 5.10% · Bond investment. Interest paid on a semi.annual/annual basis 817 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 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 2,302,073.61 155,297.00 Feb 1/01 Nov 12/02 Dee 15/02 Dee 15/02 June 21/03 Dee 1/01 Jun21/04 Apr 1101 Jan 9/02 Dee 1/99 Dee 1/99 Aug 8/00 Jan 31100 Mar. 8/01 May 1101 Jun 2/01 Dee 2/01 Sept 1199 Nov 12/99 Mar 1/04 Apr 16/00 Mar 15/00 Mar 3/02 Apr 7/03 Dee 1103 Nov 8/99 OCT 1 5/04 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" August 1999 I II Total I Development Charges Town Region C.H.E.C. Andelwood Homes 24,878.00 10,262.00 14,616.00 - 40M-1847 B/P#99.0441 Gay Co. Ltd., 47,124.00 20,524.00 26,600.00 - 40M1939 L.30, C.2. Darlington B/P#99.0245 Wilmot Creek 4,305.00 4,305.00 - B/P#99. 0559, 99.0565 W.E. Roth Construction 38,955,00 25,655.00 13,300.00 40M 1968 L31, C.2, Darlington B/P#99. 0451, 99.0452 Eiram Development Co., 14,616.00 0.00 14,616.00 10M1776 L. 77, Bowmanville B/P#98.0921 Clarnew Developments 144,000.00 144,000.00 40M1976 L.27, C.1, Newcastle Larry Hooper 6,774.00 5,131.00 1,643.00 4705 Trulls Rd, Darlington B/P#99.0433 TOTALS 280,652.00 209,877 .00 70,775.00 0.00 818 . CORPORATION OF THE MUNICIPALITY OF CLARINGTON Aug ust 1999 CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND Willsonia Industries Limited Clarington Place Parking Lot 10,365.50 Total Cash-in-Lieu of Parkland 10,365 50 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Total Engineering and Inspection Fees Contributions 0.00 CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 819 .. PART "E"