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Home My WebLink AboutTR-70-99 DN, TR.7D-99 ~ THE CORPORATION OF THE MUNICIPALITY OF CLARlNGTON REPORT Date: December 6, 1999 File # R!JCI1 Res.#aj)It-~t ~ Meeting: General Purpose and Administration Committee Report #: TR- 70-99 FILE #: DEV By-law # Subject: CASH ACTIVITY REPORT - SEPTEMBER 1999 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR- 70-99 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 September 30, 1999, is as shown on the attached schedule; and 3 . THAT Part" A" ofthe expenditures for the month of September 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 September 30, 1999 and the comparative information for the month ended September 30, 1998. The status of taxes receivable information has been included. The impact of Bill 79 - Capping of Commercial, Industrial, and Multi-residential Properties for 1998 has now been reflected. As of September 30, 1999, the impact for 1999 had not yet been 801 TR.70." PAGE 2 determined. This will be reflected in the report for November 1999. The 1999 tax bills were issued in the capped classes on November 5, 1999 with due dates of November 26 and December 17,1999. Respectfully submitted, Reviewed by, 0)t'~~ ne Marano, H.BSc., A.M.C.T., T reasu rer Franklin Wu, Chief Administrative Officer. MM*LG*pp Attachments 802 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of September 1999 REVENUE RECEIVED FOR GENERAL OPERATING ND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED NOTE B 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 OPTIMIST CLUBnWA VERL Y ROAD PARK REGION--1998 CAPPING ADJ. REIMBURSEMENT SUBSIDIES: HANDI-TRANSIT DEVELOPMENT CHARGES-TOWN GENERAL INTEREST DEVELOPMENT CHARGES-REGION/PUC USE OF FUNDS: PAYROLL REGION LEVY SCHOOL BOARD LEVIES NOTE B GENERAL-INCLUDING CAPITAL EXP." NET CASH PROVIDED (USED) FINANCIAL POSITION: GENERAL FUND RESERVE FUND MUNICIPAL POOlED INVESTMENTS INVESTMENTS (GENERAL + RESERVE FUND) TOTALS BANK 8ALANCE AUG. 30/98 1,889,278 775,312 23,787 38,562,835 41,251212 SEPTEM8ER 1998 803,185 214,832 614,068 454,579 357,901 2 444,565 761,448 o 953,849 2,466,803 4,182, toO (1 737 535) NET CASHaANK PROVIDEDjjAtlANit~ / (USED)SEi>'i':~@9 .----,.-,. .... .. . "........... ....... .. .. .......-.. ....... .. ."....-,.". 3,292,393~il~I.~71 1,206,2871)981,ptJ() 29,730M,$!7 (1,817 950) :i'~lH$$5 PART "A" BANK 8ALANCE SEPT.30/98 5,701,376 1,175,772 37,017 35,680,468 .".".". .".".".. .'"-.",,,. ....".".". 2 710 460 '!$Ml,~'i'~ 42594,633 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. NOTE B: In 1998, Final due dates were in October and November and the related School Levies were paid at a later date. 803 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"B" Continuity of Taxes Receivable for the month of September 1999 AUGUST SEPTEMBER SEPTEMBER 1999 INTEREST TAXES PAYMENTS 1999 1998 RECEIVABLE ADDED BILLED BALANCE IADJUST. .., CURRENT YEAR TAXES (957,286) 13,409,115 12,451,829 (10,873,409) 1,578.420 339,564 PENALTY AND INTEREST 97,343 39,880 137,222 18,149 155;371 70,819 1998 YEAR TAXES 2,457,513 (1,016,511) 1,441,002 1,739,248 3,180,250 1,644,738 PENALTY AND INTEREST 250,410 30,063 280,473 (15,723) 264,750 147,529 1997 YEAR TAXES 786,463 786,463 (21,985) 764,478 656,090 PENALTY AND INTEREST 151,584 10,535 162,119 3,921 166,039 86,294 PRIOR TAXES 854,857 854,857 (13,295) 841,561 658,344 PENALTY AND INTEREST 457,813 10,913 468,726 7,222 475,948 327,619 TOTAL 4,098,696 91,390 12,392,604 16,582,691 (9,155,873) 7,426,817 3,930,997 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) nla nla PERCENT OF CURRENT TAXES OUTSTANDING nla nla ". Includes refunds, write-offs, 496's, 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 Installment Due September 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. 804 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "C" STATISTICAL INFORMATION FOR THE MONTH OF SEPTEMBER 1999 SEPTEMBER YEAR TO DATE Tax Certificates 0 1,256 Number of Properties eligible for Tax Registration (see Note 1) .. see Note 1 Accounts Payable Cheques Issued #31584 to #32146 563 4,680 Number of Births Registered 19 295 Number of Deaths Registered 0 282 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 SEPTEMBER 30, 1999 PART "D" FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE 0/5 VALUE DATE GENERAL FUND BNS 6,000,000.00 4.55% 10 6,007,479.45 OCT. 8/99 TOTAL GENERAL FUND ....6OQOOOOOO. ..,..,.._,__.,.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 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 17/03 RBC * 500,000.00 6.25% 2557 500,000.00 Jun 21106 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 21105 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 SEPTEMBER 30, 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 RBC RBC WOOD GUNDY WOOD GUNDY RBC RBC RBC Hong Kong RBC TOTAL RESERVE FUND ITOT AL 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 1,233,830.84 649,589.48 857,943.90 855,000.00 500,000.00 1,706,284.10 1,683,101.00 548,000.00 534,978.37 2,273,617.88 118,693.50 $Q;7"ih~a$,.zs ...".."."......... .. ,."..".". ........".,....,. ..-....-....._-,-.-,.,.. .,-,."."..-",-. .- .-.'.-,...,.,....-,-....,.,.. ..,-,.".".,-,. . - - - -. .....-. - '.. ... . .. ,. $~;744"~a$..z$ .. 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% 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 807 1549 1827 2032 2025 1839 1628 180 1213 1310 608 608 788 592 919 970 1002 1185 360 1832 731 380 1096 1507 1729 91 1976 PART "D" MATURITY MATURITY VALUE 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 1,445,952.00 783,582.00 900,000.00 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 Jun 21/04 Apr 1/01 Jan 9/02 Dee 1/99 Dee 1/99 Aug 8/00 Jan 31/00 Mar. 8/01 May 1/01 Jun 2/01 Dee 2/01 Nov 12/99 Mar 1/04 Apr 16/00 Mar 15/00 Mar 3/02 Apr 7/03 Dee 1/03 Nov 8/99 OCT 1 5/04 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "e" September, 1999 I I Development Charges Total Town Region C.H.E.C. Green Martin Holding 105,302.57 42,162.57 63,140.00 40M-1904 L.17,C.1, Bowmanville BfP#99.0059-62, 64, 174. 175, 204, 205 David Hannah 13;068.00 5,131.00 7,308.00 629.00 L.28, C.2, Newcastle BfP#99.0542 , . 1249981 Ontario Ltd., 71 ,834.00 71,834.00 40M1945 B/P#99.0589-602 Kalie Investments Ltd. 25,665.00 25,655.00 40M1826 L.19, C.8, Darlington C. Barr 6,774.00 5.131.00 1,643.00 L.24, C.1, Clarke B/P#99.0551 Prestonvale Heights Ltd., 8,545.00 0.00 8,545.00 40M1929 L.34, C.2, Darlington B/P#99.0566 Veltri Group 1,603.00 0.00 1,603.00 40M1970 L.10, C.2, Bowmanville B/P#99.0578, 665-670 Ridge Pine Park 2,460.00 2,460.00 B/P#99.0745,748 W.E. Roth 30,027.00 28,677.00 1,350.00 40M1928 L.34, C.2, Darlington B/P#99.0659-664 Ruth Wright 7,004.00 5,131.00 1,873.00 L.1, C.5. Clarke B/P#99.0522 John Campa 1,873.00 0.00 1.873.00 40M1826 Pat Jeffreys 7,004,00 5,131.00 1,873.00 L.24, C.6, Darlington BfP#99.0681 808 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" September, 1999 I I Development Charges Total Town Region C.H.E.C. Andelwood Homes 5,384.00 5,131.00 253.00 40M1847 L.34, C.2, Darlington B/P#99.0584 Eiram Davel. Corp., 34,180.00 0.00 34,180.00 40M1776 L10, C.3, Bowmanville B/P#99.0526-529 .' A.R. Hewitt Lid., 1,873:00 0.00 1,873.00 L.34, C.4, Clarke B/P#99.0641 Gunther Hammer 1,873.00 0.00 1,873.00 40M1897 L.25, C.6, B/P#99.0539 David B Thomas 1,873.00 0.00 1,873.00 40M1978 L.8, C.6, Darlington B/P#99.0721 Margaret/Bob Weir 7,004.00 5,131.00 1,873.00 40M1978 L.8, C.6, Darlington B/P#99.0672 Andelwood Homes 5,384.00 5.131.00 253.00 40M1847 B/P#99.0606 Clarnew Developments 5,174.00 0.00 5,174.00 TOTALS 343,894.57 206,705.57 136560.00 629.00 809 . . CORPORATION OF THE PART "E" MUNICIPALITY OF CLARINGTON September, 1999 CONTRIBUTIONS. CASH-iN-LIEU OF PARKLAND Terry Klawitter 171.00 Lt.15, BFC, Darlington, LD200/98 Janssen 1,230.00 LD244/98 Total Cash-in-Lieu of Parkland 1,401.00 CONTRIBUTIONS. ENGINEERING AND INSPECTION FEES Martin Road Holdings Ltd., 2,437.93 "'spen Springs subdivision Phase 6 Stage 2 1138337 Ontario Ltd., 82620.33 Port of Newcastle subdivision, Phase 1 rotal Engineering and Inspection Fees Contributions 85,058.26 CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 . 810