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Home My WebLink AboutTR-75-99 . ~-..., -.} ~ "! ON, TR.7S.99 REPORT #3 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: Council File # Date: December 13, 1999 o -rJ:;2 ,'"> I Res.# ......... - n - - ( . Report #: TR-75-99 FILE #: DEV By-law # Subject: CASH ACTIVITY REPORT - OCTOBER 1999 Recommendations: It is respectfully recommended to Council the following: 1. THAT Report TR- 75-99 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 October 31, 1 999, Is as shown on the attached schedulej and 3 . THAT Part II A" of the expenditures for the month of October 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 October 31, 1999 and the comparative information for the month ended October 31,1998. 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 October 31, 1999, the impact for 1999 had not yet been determined. " , 1;1 TR-75-99 PAGE 2 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, d Franklin Wu, Chief Administrative Officer. MM/LG/hjl Attachments CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of October 1999 PART "A" OCTOBER OCTOBER 1999 1998 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED NOTE B 2,037,378 15,129,880 HEADS & BEDS 9,075 LINEAR PROPERTIES 160,151 SALE OF LAND LACAC--RETURNED $13,000 LOAN NET OF EXPENSE 10,376 NATURAL RESOURCES-PITS & QUARRIES 120,605 156,144 SUBSIDIES: HANOI-TRANSIT DEVELOPMENT CHARGES-TOWN 173,126 340,220 GENERAL 709,524 803,800 INTEREST 82,796 54,526 DEVELOPMENT CHARGES-REGION/PUC 67,521 469,046 3,370,553 16,953,616 USE OF FUNDS: PAYROLL 895,956 1,153,425 REGION LEVY NOTE B 5,730,547 0 SCHOOL BOARD LEVIES NOTE B 0 9,522,535 GENERAL-INCLUDING CAPITAL EXP'" 2,573,496 4,158,773 9,200,000 14,834,733 NET CASH PROVIDED (USED) (5,829,447) 2,118,883 BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: SEPT. 30199 /(USED) ocr. 31}99 OCT. 31/98 GENERAL FUND 5,181,671 (4,205,304) 976,367 7,885,170 RESERVE FUND 1,981,600 (177,021) 1,804,578 597,888 MUNICIPAL POOLED INVESTMENTS 53,517 (27,732) 25,785 39,360 INVESTMENTS (GENERAL + RESERVE FUND) 36,744,885 (1,419,390) 35,325,495 36,191,098 TOTALS 43,961,673 (5,829,447) 38,132,22$ 44,713,516 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 Region & School levies were paid at a later date. CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of October 1 999 SEPTEMBER 1999 INTEREST TAXES PAYMENTS RECEIVABLE ADDED BILLED BALANCE /AD)UST. ... CURRENT YEAR TAXES 1,57B,420 0 1,578,420 2,680,684 PENALTY AND INTEREST 155,371 65,153 220524 (26 388) 1998 YEAR TAXES 3,180,250 3,180,250 (931,131) PENALTY AND INTEREST 264,750 30,041 294791 (19,721) 1997 YEAR TAXES 764,478 764,478 (25,075) PENALTY AND INTEREST 166,039 10,288 176,327 (8,797) PRIOR TAXES 841,561 841,561 (22,683) PENALTY AND INTEREST 475,948 10,774 486 722 (16,259) TOTAL 7426,817 116256 0 7 543 074 1,630 630 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL 80ARDS) ... 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 Finai RESIDENTIAL Tax Instailment 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 BIii 79. NOTE 4: Comparison month for Current Year Taxes-The Mortgage companies paid the November 27th 199B instailment in advance. PART liB" OCTOBER 1998 (284,352) 68,922 1,459,199 133 518 573,268 75 645 630,589 328 878 2 985 667 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "C" STATISTICAL INFORMATION FOR THE MONTH OF NOVEMBER 1999 NOVEMBER YEAR TO DATE Tax Certificates Number of Properties eligible for Tax Registration (see Note 1) Accounts Payable Cheques Issued #32147 to #32650 Number of Births Registered Number of Deaths Registered 162 1,418 ** see Note 1 504 48 50 5,244 343 332 Note 1: Number of properties eligible for tax registration not currently available due to impact of Bill 79. CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT OCTOBER 31,1999 PART "D" FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE 0/5 V AWE DATE GENERAL FUND BNS 3,500,000.00 4.40% 70 3,529,534.25 DEe. 15/99 MTL 995,660.00 4.68% 34 1,000,000.00 NOV. 9/99 TOTAL GENERAL FUND 4)4$1$;Ql$Q;QPH 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 5/0 I 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 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT OCTOBER 31, 1999 PART "D" I I FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE RESERVE FUND 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 Dee 15/02 RBC 25,125.57 5.95% 2025 34,613.00 Dee 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 Dee 1/01 RBC * 250,000.00 5.25% 180 250,000.00 Jun 21/04 RBC 1,109,500.90 5.05% 1213 1,307,911.00 Apr 1/01 RBC 20,558.85 5.20% 1310 24,645.00 Jan 9/02 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 8/00 RBC 324,159.58 5.08% 592 350,974.00 Jan 31/00 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 1/01 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 2/01 RBC 942,893.00 6.30% 1825 1,239,904.30 Oet 27/03 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 2,273,617.88 5.02% 91 2,302,073.61 Nov 8/99 RBC 118,693.50 5.10% 1976 155,297.00 OCT 15/04 TOTAL RESERVE FUND ~Q;$29;$H:$$ >> <.,< TOTAL INVESTMENTS ~ < * Bond investment. Interest paid on a semi-annual/annual basis CORPORATION OF THE PART "E" MUNICIPALITY OF CLARINGTON October, 1999 Development Charges Town Region C.H.E.C. Robinson Ridge Developments 81,113.05 1,153.00 40M-1931 L.34,C.1, Darlington B/P#99.0572,573678,711,712 Prestonvale Heights 0.00 1 7,090.00 40M1929 L.,34, C,2, Darlington B/P#99.0789, 790 BCR Construction 0.00 1,873.00 40M1897 L./2S, C./6, Darlington B/P#99.0831 Simcock 0.00 1,873.00 L.32, C.7, Clarke B/P#99.0812 Prestonvale Heights 0.00 32,298.00 4OMI929 L.34, C.2, Darlington B/P#99 .0854, B5 5,856,857 Dunburry Homes 71,B34.00 7,536.00 40MI976 L.27, Cl, Newcastle Halminen Homes 10,089.54 900.00 40M1754 L.29, C.2, Darlington B/P#99.0647, 648 Halminen Homes 10,089.54 40MI754 L.,31, C.,3, Darlington B/P#99.0649, 650 G. Zuters 0.00 1,873.00 B/P#99.0752 963639 Ontario Ltd., 0.00 1,800.00 40M1954 L./31, C.,3, Darlington B/P#99.0794-801 Robinson Ridge 0.00 1,125.00 40M1931 L.,34, c., I, Darlington B/P#99.0716-720 TOTALS 173,126.13 67,521.00 0.00 .. ". /j'. CORPORATION OF THE MUNICIPALITY OF CLARINGTON October, 1999 CONTRIBUTIONS. CASH-IN-L1EU OF PARKLAND Cleamet PCS lnc., L.,30, C.l, Darlington 600.00 Fice LD 26/99, 27/99, 28/99, 29/99 2,107.00 Total Cash-In-Lieu of Parkland 2,707.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES The Kaitlin Group Clarington Centre, Phase 2 3,871.98 1317870 Ontario Ltd., 18T97oo2 13420.05 Total Engineering and Inspection Fees Contributions 1 7,292.03 CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 PART "E"