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Finance Department
Report
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Report To: General Government Committee
Date of Meeting: September 4, 2018
Report Number: FND-013-18 Resolution: GG -401-18
File Number: By-law Number:
Report Subject: Financial Update as at June 30, 2018
Recommendation:
That Report FND-013-18 be received for information.
Municipality of Clarington
Reoort FND-013-18
Report Overview
Page 2
The purpose of this report is to update Council on the overall budget variance as of June 30,
2018. Additional financial indicators are included in this report such as taxes receivable,
debt, development charges collected and investments.
1. Background
The financial update report has been designed to focus on overall budget variance.
2. Second Quarter of 2018 Results
2.1 Attachment 1, Summary of Operating Expenditures and Revenues, compares the
Municipality's budget to actual posted transactions as of June 30, 2018. This statement
reflects the Municipality's operating budget only and excludes the year to date financial
activities of the library, museum, BIAS and consolidated hall boards. Year to date
expenditures as of June 30, 2018 totalled $48,177,285 which represents 99.5% of the
budget as of the end of the second quarter. Year to date revenues totalled $68,027,981
which represents 103.4% of the budget as of the end of the second quarter.
2.2 Attachment 1 is intended to provide an indication of the status of the Municipality's
operating accounts compared to the approved budget as at June 30, 2018. Many
departments are affected by high levels of activities during specific times of the year.
For example, activities such as ice rentals and winter control have more seasonal
trends whereas the timing of the Legal and Planning revenues fluctuate from year to
year. To best capture the trends in activities, the budget is allocated monthly based on
the prior year's actual monthly distribution. In cases where there is no prior history
easily obtainable, the monthly allocation is divided equally over the twelve months. Due
to the timing differences that occurred throughout the accounts, this statement cannot
be used in isolation, nor can it be easily extrapolated to predict the whole year's
activities. Monthly trial balances are sent to each department for regular review.
Revenues and expenditures that have a variance either above or below budget that are
noteworthy are discussed in this report.
2.3 Non -departmental accounts are at 101.6% of the second quarter 2018 budget. As
noted in the first quarter report FND-010-18, contributions are over budget due to
unbudgeted grants and donations including a Federal accessibility grant and the Toyota
donation for the trail extension. Other revenues are higher than budgeted due to
increased General Fund interest. The Bank of Canada rate increases combined with
the transfer of funds to the One Fund HISA account have increased General Fund
interest to 79.4% of the total 2018 budget.
Municipality of Clarington Page 3
Report FND-013-18
2.4 Corporate Services net expenditures are at 92.9% as of June 30, 2018. This is due in
large part to the WSIB 2417 refund received in May this year. The new payroll system
is able to better calculate the WSIB monthly remittance to minimize overpayment.
2.5 The Clerk's Department net expenditures are at 91.4% at the end of the second quarter.
The increased revenues are due to the cumulative effect of several sources. As of June
30, 2018 there have been higher than budget revenues in snow clearing fines, cemetery
sales, parking revenues and fines, and animal licences.
2.6 Emergency Services net expenditures are at 97.5%. Emergency calls revenues from
the Ministry of Transportation are unbudgeted and as of June 30 total $55,223. These
revenues are transferred to the Fire Equipment Reserve Fund. As per the
Memorandum of Understanding with Ontario Power Generation, the Municipality has
received some additional revenues.
2.7 Engineering Services net expenditures are at 76.6% of the second quarter budget. This
is due to the exceptional building permit revenues. As of June 30 the building permit
revenues are at 147.7% of the total 2018 budget. As well there has been contributions
as per agreements relating to road projects. Overall revenues are at 160.2% as of June
30, 2018.
2.8 Operations net expenditures are at 103.5% of the budget as of June 30. Operating
expenditures are higher than the second quarter budget due to winter control costs.
This can be attributed to the extended winter season and the increase in sand and salt
purchases in the first half of the year. As well, the brush and tree removal expenditures
are higher than the second quarter budget. Note that fleet costs are not completed until
yearend.
2.9 Community Services net expenditures are at 97.2% of the second quarter budget.
Revenues are lower than budgeted which can be attributed in large part to the timing of
the posting of program revenues through the ACTIVE system. As well there is the loss
of the revenues due to the closing of the concessions in the second quarter of 2018
(see report CSD -003-18). Expenditures are below budget due to the timing of some of
the wage accounts. As the year progresses the actual revenues and expenditures will
be more in sync with the overall budget.
2.10 Planning net expenditures are at 90.2% of the second quarter. As noted earlier, the
timing of Planning revenues do fluctuate year to year. Overall, revenues are at 65.3%
of the total 2018 budget. Expenditures are slightly below budget mostly due to the
timing staffing changes.
2.11 Attachment 2, Continuity of Taxes Receivable as of June 30, 2018 provides the status
of the taxes billed and collected by the Municipality during the second quarter. A total of
$41,852,699 in interim tax bills and $37,820,857 in final tax bills were issued to property
owners during the second quarter. At the end of June 2018, a total of $12,266,054
remains unpaid compared to June 2017 taxes receivable of $11,377,026. The net
Municipality of Clarington Page 4
Report FND-013-18
balance is $889,028 higher or 7.8% higher than the previous year at this time. Overall,
the taxes receivable are consistent with previous years. Collections are a continuous
process which manage the balance of the taxes outstanding.
2.12 Attachment 3, Debenture Repayment Schedule provides the status of the Municipality's
long term debt obligations as of January 1, 2018. The 2018 debentures for the LED
street light conversion and parking lots have not yet been issued by the Region
therefore the associated payments are estimated. They are expected to be issued
within the next month. Due to the timing there will be no payments due in 2018 on the
new debentures. In 2018, the debt repayment obligations as per the current debt are
$3,403,277. The annual principal and interest payments required to service these
liabilities continue to be well within the annual debt repayment limits prescribed by the
Ministry of Municipal Affairs and Housing.
2.13 Attachment 4, Municipal Development Charges as of June 30, 2018 provides the
development charges collected separated into residential and non-residential. At the
end of the second quarter, residential municipal development charges collected are
$6,943,779. In the 2015 Development charges Background Study, it was forecasted
that the Municipality would be collecting approximately 786 units in total for 2018. At
the end of June 2418, there were 413 units. Compared to the same period the previous
year there was a 42.3% increase in residential development charges collected and a
15.7% increase in the number of residential units.
2.14 As of June 30, 2018 there has been $262,701 non-residential charges collected. Note
that non-residential charges are based on the area in square metres rather than per
building unit cost. The timing and amount of non-residential development charges
varies quarter to quarter and year to year.
2.15 There are a number of incentives in the 2015 Development Charges By-law 2015-35 to
stimulate development in Clarington. During the second quarter, an incentive for
$38,980 for a new industrial development at 685 Lake Road, Bowmanville was given.
This brings total development charge incentives to $941,434 with 39.3% given to
residential incentives and 60.7% given to non-residential incentives.
2.16 The Municipality's Investment Policy was approved on July 3, 2018 as presented in
report FND-011-18. The Deputy Treasurer will provide an in-depth annual investment
report in 2019. The quarterly financial update provides some of the highlights of
investments as of June 30. During the second quarter, General Fund investments
increased when $10,004,400 was transferred from the operating account to the One
Fund HISA to capture a higher interest rate while maintaining liquidity. As well maturing
Reserve Fund investments along with some bond interest payments were re -invested
into GICs. It is intended that the upcoming debenture from the Region will be internally
financed by the Municipality. The debenture will be reported on the long term debt
obligations and will also be listed as a Municipal debt investment. The Municipality will
pay the associated administrative costs as is the case with all Region debentures.
Municipality of Clarington Page 5
Report FND-013-18
However, the cost of borrowing will be offset by the investment interest earned in the
reserve fund.
2.17 As per the policy, the terms or length of investment have been set to ensure liquidity
and to minimize interest rate risk. Table 1 shows the term of the investments as of
June 30, 2018
Table 1 — Term of Investment as of June 30, 2018
Total Funds
% of Total
Minimum
Range
Maximum
Range
90 Days
$ 47,639,268
45.9%
20%
100%
90 Days to 1 Year
5,807,127
51.5%
30%
100%
1 to 5 Years
47,125,956
45.4%
0%
85%
5 to 10 Years
3,163,928
3%
0%
50%
10 to 20 Years
-
0%
0%
30%
$ 103,736,279
100%
Municipality of Clarington Page 6
Report FND-013-18
2.18 The policy also sets out the types of investments to create diversified portfolio. Table 2
shows the breakdown on the types of investments as of June 30, 2018
Table 2 - Type of Investment as of June 30, 2018
3. Concurrence
Not Applicable
4. Conclusion
It is respectfully recommended that the second quarter of 2018 financial update report be
received for information.
5. Strategic Plan Application
The recommendations contained in this report conform to the Strategic Plan.
Total Funds
% of Total
Minimum
Maximum
Range
Range
HISA
$ 40,073,732
38.6%
0%
100%
Federal Debt
-
0%
0%
100%
Provincial Debt
3,393,683
3.3%
0%
80%
Municipal Debt
-
0%
0%
35%
Financial Institutions
55,716,974
53.7%
0%
60%
Corporate Debt
_
0%
0%
10%
non-financial
ONE Investment
4,551,891
4.4%
/o
0%
25%
Pools
$ 103,736,279
100%
3. Concurrence
Not Applicable
4. Conclusion
It is respectfully recommended that the second quarter of 2018 financial update report be
received for information.
5. Strategic Plan Application
The recommendations contained in this report conform to the Strategic Plan.
Municipality of Clarington
Resort FND-013-18
Submitted b
Trevor Pinn, B.Comm, CPA, CA,
Deputy Treasurer
Page 7
Reviewed by:
Andrew C. Allison, B. Comm, LLB
CAO
Staff Contact: Catherine Carr, Manager of Internal Audit, 905-623-3379 ext 2606 or
ccarr@clarington.net
There are no interested parties to be notified of Council's decision.
Attachment 1 — Summary of Operating Revenues and Expenses
Attachment 2 — Continuity of Taxes Receivable
Attachment 3 — Debenture Repayment Schedule
Attachment 4 — Municipal Development Charges
The Municipality of Clarington
Attachment 1
Summary of Operating Expenditures and Revenues for the Six Months Ending June 30, 2018
to Report FND-013-18
2018 Qtr 2
Budget YTD
2018 Qtr 2
Actual YTD
2018 Qtr 2
Unexpended
($)
2018 Qtr 2 %
Expended
2017 Qtr 2
Budgeted YTD
2017 Qtr 2
Actual YTD
2017 Qtr 2
Unexpendend
($)
2018 Total
Budget
2018 % of
budget spent
05 Non -departmental Accounts
(52,776,136)
(1,042,530)
(4,326,565)
(52,812,529)
(1,109,097)
(4,497,651)
36,393
66,567
171,086
(62,634,835)
(1,851,538)
(5)762,273)
89.4%
78.0%
56.7%
Municipal Taxation
(55,749,025) (55,999,029) 250,004 100.4%
Other Revenue
(1,190,066) (1,443,435) 253,369 121.3%
Contributions
Revenue/Taxation/Contributions
(2,816,271)
(3,264,605)
448,334
115.9%
(59,755,362) (60,707,069) 951,707 101.6%
(58,145,231)
(58,419,277)
274,046
(70,248,646)
86.4%
0
211,820
0
211,820
0
0
100.0%
0
203,300
0
203,300
0
0
(211,820)
211,820
0.0%
100.0%
59 BIA Taxation
BIA Taxes
BIA Payments
Net Expenditures
211,820
211,820
0
100.0%
203,300
203,300
0
0
10 Mayor and Council
Net Expenditures
489,568
493,426
(3,858)
100.8%
442,153
447,109
(4,956)
920,932
53.6%
(92,540)
1,186,815
(170,876)
1,156,515
78,336
30,300
(165,500)
2,100,193
57.3%
56.6%
13 Administrator's Office
Revenues/Recoveries
(119,197) (94,865) (24,332) 79.6%
Expenditures
1,193,161 1,189,603 3,558 99.7%
Net Expenditures
1,073,964
1,094,738
(20,774)1
101.9%
1,094,275
985,639
108,636
1,934,693
56.6%
(25,576)
209,263
(72,874)
219,437
47,298
(10,174)
(170,000)
546,792
22.7%
48.7%
14 Legal Administration
Revenues/Recoveries
(44,468) (38,620) (5,848) 86.8%
Expenditures
265,773 266,214 (441) 100.2%
Net Expenditures
221,305
227,594
(6,289)
102.8%
183,687
146,563
37,124
376,792
60.4%
(19)
2,638,402
(8)
2,556,134
(11)
82,268
(8,000)
4,720,273
1,795.1%
58.9%
16 Corporate Services
Revenues/Recoveries
(8,000) (143,611) 135,611 1,795.1%
Expenditures
2,845,795 2,780,491 65,304 97.7%
Net Expenditures
2,837,795
2,636,880
200,915
92.9%
2,638,383
2,556,126
82,257
4,712,273
56.0%
(282,336)
1,621,963
(399,144)
1,638,045
116,808
(16,082)
(684,900)
3,740,364
62.2%
46.0%
19 Clerk's
Revenues/Recoveries
(334,460) (426,134) 91,674 L 127.4%
1,752,510 1,721,615 30,895 98.2%
Expenditures
Net Expenditures
1,418,050
1,295,481
122,569
91.4%
1,339,627
1,238,901
100,726
3,055,464
42.4%
(685,490)
1,293,895
2,083,693
(758,967)
1,221,108
2,041,864
73,477
72,787
41,829
(1,502,000)
2,616,900
2,858,637
51.0%
47.3%
63.5%
21 Finance & Unclassified Administration
Revenues/Recoveries
(739,372) (766,019) 26,647 103.6%
Operating Expenditures
1,344,283 1,236,862 1 107,421 92.0%
Unclassified Admintration
1,784,597 1,815,345 (30,748) 101.7%
Expenditures
3,128,880 1
3,052,207
76,673
97.5°
3,377,588
3,262,972
114,616
5,475,537
55.7%
Net Expenditures
2,389,508
2,286,188
103,320
95.70-;o+-2,692,098
2,504,005
188,093
3,973,537
57.5%
The Municipality of Clarington
Attachment 1
Summary of Operating Expenditures and Revenues for the Six Months Ending June 30, 2018
to Report FND-013-18
2018 Qtr 2
Budget YTD
2018 Qtr 2
Actual YTD
2018 Qtr 2
I Unexpended
($)
2018 Qtr 2 %
Expended
2017 Qtr 2
Budgeted YTD
2017 Qtr 2
Actual YTD
2017 Qtr 2
Unexpendend
($)
2018 Total
Budget
2018 % of
budget spent
(30,443)
6,385,306
(195,748)
6,396,235
165,305
(10,929)
(110,000)
12,362,786
178.2%
52.2%
28 Emergency Services - Fire
Revenues/Recoveries
(95,932) (196,014) 100,082 204.3%
Expenditures
Net Expenditures
6,506,226
6,447,744
58,482
99.1%
6,410,294 6,251,730 158,564 97.5%
6,354,863
6,200,487
154,376
12,252,786
51.0%
(745,859)
4501792
4,818,020
(1,348,909)
451,137
5,037,492
603,050
(345)
(219,472)
(1,605,532)
538,773
7,448,843
158.8%
85.2%
71.2%
32 Engineering Services
Revenues/Recoveries
(1,591,621) (2,549,542) 957,921 160.2%
Debenture Payment
Operating Expenditures
Expenditures
Net Expenditures
458,726
5,323,293
459,110
5,301,741
(384)
21,552
100.1%
99.6%
5,782,019 5,760,851 21,168 99.6%
5,268,812
5,488,629
(219,817)
7,987,616
72.1%
4,190,398 3,211,309 979,089 76.6%
4,522,953 4,139,720 383,233
6,382,084
50.3%
(296,847)
8,733,921
845,015
(311,432)
9,366,830
489,736
14,585
(632,909)
355,279
(672,423)
18,116,278
1,667,046
40.0%
58.4%
52.9%
36 Operations
Revenues/Recoveries
(254,608) (268,723) 14,115 105.5%
Operating Expenditures
9,787,431 10,585,810 1 (798,379) 108.2%
Fleet & Debenture Payments
Expenditures
1,287,265
882,087
405,178
68.5%
11,074,696 11,467,897 (393,201) 103.6%
9,578,936
9,856,566
(277,630)
19,783,324
58.0%
Net Expenditures
10,820,088
11,199,174
379,086
103.5%
9,282,089
9,545,134
263,045
19,110,901
58.6%
(2,651,605)
5,890,377
3,030,595
95,000
(2,835,360)
5,754,265
2,966,414
92,750
183,755
136,112
64,181
2,250
(5,104,866)
12,556,918
2,115,485
95,000
46.6%
48.9%
94.8%
98.7%
42 Community Services
Revenues/Recoveries
(2,521,527) (2,378,727) (142,800) 94.3%
Operating Expenditures
6,464,851 6,140,517 1 324,334 95.0%
Debenture Payments
1,991,493 2,004560 (13,067) 100.7%
Annual Grants & Sponsorships
95,000 93,750 1,250 98.7%
Expenditures
8,551,344
8,238,827
312,517
96.3%
9,015,972
8,813,429
202,543
14,767,403
55.8%
Net Expenditures
6,029,817
5,860,100
169,717
97.2%
6,364,367
5,978,069
386,298
9,662,537
60.6%
(244,509)
2,523,600
(581,936)
2,330,923
337,427
192,677
(702,300)
4,378,036
65.3%
56.6%
50 Planning Services
Revenues/Recoveries
(303,721) (458,657) 154,936 151.0%
Expenditures
Net Expenditures
Boards & Agencies
Total Operating:
2,541,620
2,478,225
63,395
97.5%
2,237,899 2,019,568 218,331 90.2%
2,279,091
1,748,987
530,104
3,675,736
54.9%
4,069,276 4,068,365 911 100.0%
4,054,832 4,062,452 (7,620)
4,190,911
97.1%
(63,200,455)
46,506,942
(65,094,531)
46,431,746
1,894,076
75,196
(81,185,987)
81,185,987
83.8%
59.3%
Revenue/Recoveries
(65,768,268) (68,027,981)
2,259,713
103.4%
Expenditures
48,412,688 48,177,285
235,403
99.5%
Net Difference
(17,355,580)
(19,850,696)
2,495,116
114.4%
16,693,513
18,662,785
1,969,272
0
CORPORATION OF THE MUNICIPALITY OF CLARINGTON Attachment 2 to
Continuity of Taxes Receivable Report FND-013-18
for the Second Quarter of the Year 2018
Beginning
Balance
Interest
Taxes Billed
Balance
Payments &
June 2018
June 2017
Receivable
Added
Adjustments **
March 31, 2017
Current Year
Taxes
(9,123,223)
79,673,556
70,550,332
(62,418,798)
8,131,534
7,571,960
Penalty and Interest
20,962
148,584
169,546
(85,166)
84,380
74,293
First Prior Year
Taxes
3,730,506
-
3,730,506
(1,043,746)
2,686,760
2,493,600
Penalty and Interest
197,958
117,179
315,137
(117,253)
197,884
163,494
Second Prior Year
Taxes
1,094,427
-
1,094,427
(283,878)
810,549
824,814
Penalty and Interest
106,465
32,063
138,528
(48,402)
90,126
83,000
Third and Prior Years
Taxes
286,301
-
286,301
(61,133)
225,168
132,574
Penalty and Interest
45,098
7,009
52,107
(12,455)
39,652
33,291
Total
(3,641,505)
304,834
79,673,556
76,336,885
(64,070,831)
12,266,054
11,377,026
** These figures include refunds, write-off, 357's etc.
2018 Interim Instalment months: February and April.
2018 Final Instalment months (for non -capped classes): June and September
2018 Final Instalment months (for capped classes): August and September
Muncipality of Clarington
Attachment 3 of
Report FND-013-18
NOTE:
2018 Newcastle Library has a balloon payment of $452,000 to be financed from Library Development Charge Reserve Fund, Library Capital RF and tax levy.
Debenture Repayment Schedule
As of January 1, 2018
Parking Lot
LED Street
Green Road
Rehabilitation
Parking Lot
Light
Indoor Soccer
RRC CCD
RRC
MAC
Grade
Fire Station #1
Rehabilation
Conversion
Newcastle
Newcastle
Year
Lacrosse
space
Improvements
Improvements
Separation
Estimated
RRC Estimated
Estimated
Library
Courtice Library
Aquatic
Total
2018
164,093.85
104,942.45
86,760.21
111,327.96
538,772.66
-
-
-
558,787.14
78,904.97
1,759,687.50
3,403,276.74
2019
165,174.58
104,831.80
84,141.23
107,967.35
541,802.38
30,005.67
139,995.00
248,850.00
-
78,146.32
1,757,651.34
3,258,565.67
2020
164,755.07
104,715.46
84,010.16
107,799.19
544,416.38
30,005.67
139,995.00
248,825.00
-
78,341.53
1,604,355.98
3,107,219.44
2021
163,863.49
104,593.15
83,946.43
107,717.40
546,559.49
30,005.67
139,995.00
248,825.00
-
78,465.50
1,054,141.30
2,558,112.43
2022
163,542.75
83,964.94
107,741.15
546,559.49
30,005.67
139,995.00
248,825.00
-
78,488.31
1,006,711.96
2,405,834.27
2023
162,800.11
83,859.28
107,605.57
546,276.36
30,005.67
139,995.00
248,825.00
-
78,425.64
1,397,792.63
2024
160,675.42
83,823.08
107,559.13
553,240.30
30,004.67
139,995.00
248,825.00
78,249.84
1,402,372.44
2025+
668,981.96
858,416.52
2,693,604.53
270,041.98
1,259,955.00
2,239,425.00
546,030.80
8,536,455.79
1,144,905.27
419,082.86
1,259,487.29
1,616,134.27
6,511,231.59
450,075.00
2,099,925.00
3,732,400.00
558,787.14
1,095,052.91
7,182,548.08
26,069,629.41
Principal at
11033,000.00
339,154.57
1,010,000.00
1,296,000.00
5,332,600.00
-
-
-
529,000.00
931,000.00
6,595,000.00
17,065,754.57
JanuarV 1 2018
Principal at
896,000.00
248,296.31
950,705.28
1,219,914.89
4,958,600.00
353,000.00
1,647,000.00
3,010,000.00
-
871,000.00
5,083,000.00
19,237,516.48
Wanuary 1 2019
Interest Rates
1.35% to 3.35%
5.12%
1.7% to 3.45%
1.7% to 3.45%
1.35% to 3.8%
Estimated
Estimated
Estimated
4.9% to 5.2%
1.15% to 2.8%
4.5% to 4.75%
NOTE:
2018 Newcastle Library has a balloon payment of $452,000 to be financed from Library Development Charge Reserve Fund, Library Capital RF and tax levy.
Municipality of Clarington
RESIDENTIAL
Single/Semi- Detached
-New construction
-Additions
Townhouse
Apartment
TOTAL:
Attachment 4 to
Report FND-013-18
MUNICIPAL DEVELOPMENT CHARGES
January to June YTD
Change in DC paid from prior year:
Change in DC units from prior year:
NON-RESIDENTIAL
Commercial
-New construction
-Additions
Industrial
-New construction
-Additions
Agricultural
Government
Institutional
TOTAL:
42.3%
15.7%
2018
2017
2017
Municipal Development Charges
Municipal Development
Number of
Municipal Development
Number of
Charges Paid
Units
$
Charges Paid
Units
$
6,943,779.00
413
$
3,849,546.00
235
$
20,744.28
$
$
-
-
$
63,765.00
7
$
-
-
$
965,912.00
115
$
6,943,779.00
413
$
4,879,223.00
357
$
262,701.34
$
591,496.59
Change in DC paid from prior year:
Change in DC units from prior year:
NON-RESIDENTIAL
Commercial
-New construction
-Additions
Industrial
-New construction
-Additions
Agricultural
Government
Institutional
TOTAL:
42.3%
15.7%
Change in DC paid from prior year: -55.6%
2018
2017
Municipal Development Charges
Municipal Development Charges Paid
Paid
$
324,574.84
$
94,083.10
$
20,744.28
$
87,040.63
$
81,577.61
$
-
$
246,177.47
$
262,701.34
$
591,496.59
Change in DC paid from prior year: -55.6%
Municipality of Clarington
Attachment 4 to
Report FND-013-18
Municipal Development Charges Incentives
As of June 30, 2018
Under By-law 2015-035
Date
Property
Value
Incentive
Residential
Jan -16
105 Queen Street, Bowmanville
413,822.26
Mid -Rise Residential
Dec -17
109 King Avenue East, Newcastle
157,840.00
Revitalization Mixed Used
Residential Incentives to Date $
571,662.26
Non -Residential
Jul -15
222 King Street East, Bowmanville
110,671.30
Medical Exemption
Oct -15
21 King Avenue East, Newcastle
3,636.08
Revitalization Small Business
Feb -16
222 Baseline Road East, Bowmanville
13,279.78
Existing Industrial Development
Feb -16
28 King Avenue East, Newcastle
937.96
Revitalization Small Business
Apr -16
70 Mearns Court, Bowmanville
1,470.67
Existing Industrial Development
Oct -16
2323 Highway 2, Bowmanville
15,985.00
Conversion Residential to Commercial
Oct -16
70 Mearns Court, Bowmanville
8,232.17
Existing Industrial Development
Feb -17
48 Britton Court, Bowmanville
24,676.61
New Industrial Development
May -17
5314 Main Street, Orono
974.18
Revitalization Small Business
Jun -17
1726 Baseline Road, Courtice
10,190.86
New Industrial Development
Oct -17
220 Lake Road, Bowmanville
67,850.25
New Industrial Development
Dec -17
109 King Avenue East, Newcastle
72,886.25
Revitalization Mixed Use
Apr -18
685 Lake Road, Bowmanville
38,980.87
New Industrial Development
Non -Residential Incentives to Date $
369,771.98
Total Value of Incentives to Date $
941,434.24