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Home My WebLink AboutFND-012-07 CJ!J!illgton REPORT FINANCE DEPARTMENT Date: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MONDAY, JUNE 18,2007 Resolution #6'fA- '1S?--07 Meeting: Report #: FND-012-07 File #: By-law #: Subject: ANNUAL STATEMENT FOR THE DEVELOPMENT CHARGES RESERVE FUNDS FOR THE YEAR ENDED DECEMBER 31, 2006 Recommendations: It is respectfully recommended the General Purpose and Administrative Committee recommend to Council the following: 1. THAT Report FND-012-07 be received for information; and 2. THAT a copy of this report be sent to the Ministry of Municipal Affairs and Housing. Submitted by: Reviewed bD~~~ Franklin Wu Chief Administrative Officer NMT/na REPORT NO.: FND-012-07 PAGE 2 BACKGROUND 1.0 In accordance with Bill 98, an Act to promote job creation and increased municipal accountability while providing for the recovery of development costs related to new growth, Schedule "A" attached shows the activity in the Development Charges Reserve Funds for the year ended December 31, 2006. 2.0 For the year ended December 31,2006, a total of 861 residential building permits were issued. Approximately 790 units were anticipated for 2006 in the development charge study review and update. Also, a total of 51 capital projects have been financed by the Development Charges Reserve funds. Attachments: Schedule "A" - Development Charges Reserve Funds Statement Schedule "B" - Committed Amounts from Prior Years' Budgets/Council Approvals Schedule "C" - Capital Expenditures Interested Parties: Municipal Finance Branch Ministry of Municipal Affairs and Housing 777 Bay Street, 13th floor Toronto, Ontario M5G 2E5 CORPORATION OF THE MUNICIPALITY OF CLARINGTON 40 TEMPERANCE STREET, BOWMANVILLE, ONTARIO L 1C 3A6 T (905)623-3379 F (905)623-4169 ONOC REPORTS/OCRF 2006 Prepared: RBlMay 17, 2007 Updated: RB/June 8, 2007 MUNICIPALITY OF CLARINGTON DEVELOPMENT CHARGES RESERVE FUNDS STATEMENT FOR THE 2006 YEAR SCHEDULE A GENERAL LIBRARY FIRE PROTECTION INDOOR PARK DEV. & OPERATIONS ROADS AND PARKING TRANSIT STORMWATER TOTAL GOVERNMENT SERVICES SERVICES RECREATION RELATED FACILITIES RELATED & DRAINAGE CONTROL SERVo Balance as of December 31, 2005 (461,063) (25,310 (1,857,217) (1,441,097) (1,204,199) (1,560,233\ 17,395,452) (5,971\ (4,355) (13,954,897 PLUS: Development Charge Proceeds (255,765) (321,352) (357,727) (1,799,694) (701,928) (424,346) (2,987,580) (22,809) (16,513) (6,887,714) Accrued Interest Apportionment (12,246) (742) (44,757) (36,771) (29,097) (35,936) (178,473) (374) (107) - (338,503) Transfer from Reserve Fund - - - - - - - - - Transfer from Capital Fund - - - Transfer from Revenue Fund - - - - - - - - SUBTOTAL (268,011) (322,094 (402,484 (1,836,466) 1731,025 (460,282 (3,166,053) (23,183 (16,620) - (7,226,217 LESS: Amount Transferred to Cap~al Fund' (11,198) - 237,184 - 1,167,247 581,012 2,420,760 - 4,395,003 Transfer to Revenue Fund 59,083 432,600 28,000 1,470,907 - 78,077 - 20,975 2,089,642 SUBTOTAL 47,885 432,600 265,184 1,470,907 1,167,247 581,012 2,498,837 - 20,975 6,464,645 ClosinQ Balance as of December 31, 2006 (681,189\ 85,196 (1,994,517 (1,806,656) (767,978) (1,439,504) (8,062,668) 129,153) - (14,696,468 Committed Amounts from Prior Years .. 45,000 1,657,585 60,686 - 752,957 8,759,522 13,500 - 11,289,250 Committed Amounts from 2007 Budget ... 670,500 431,319 1,128,000 1,837,868 405,000 443,520 8,482,586 - - 13,398,793 Balance Available for Future Needs 34,311 2,174,100 (805,831 31,212 389,980 (995,984 9,179,440 (15,653) 9,991,575 . See Schedule C .. See Schedule B ... 2007 Draft Budget NOTE: Total Development Charges collected on beha~ of the Region in 2006 Less: Amounts paid to the Region Total Development Charges due to the Region at December 31,2006 8,960,834 8,960,834 DN:DC REPORTS/DCRF 2006 Prepared: RB/May 17, 2007 Updated: RB/June 8, 2007 SCHEDULE B MUNICIPALITY OF ClARINGTON DEVELOPMENT CHARGES RESERVE FUND STATEMENT FOR THE 2006 YEAR COMMITTED AMOUNTS FROM PRIOR YEARS' BUDGETS/COUNCil APPROVALS YEAR PROJECT / DESCRIPTION AMOUNT COMMITTED RESERVE FUND, DIC - GENERAL GOVERNMENT 2006 Canital Librarv - svstem nlanninn/service deliverv model studv 45,000 Total 45,000 RESERVE FUND, DIC - LIBRARY SERVICES 2006 Capital Library - additional library materials for all branches 73,319 2006 Capital Librarv - exnanded new librarv in Newcastle 1,584,266 Total 1,657,585 RESERVE FUND, DIC - FIRE PROTECTION SERVICES 2003 Capital Courtice Fire Station 690 2006 Council add'l funds-add'n Stn #5 Enniskillen/building materials/furnace upgrade 13,936 2006 Caoital increase oarkino lot Stn #1 Bowmanville 46,060 Total 60,6B6 RESERVE FUND, DIC - PARK DEVELOPMENT & RELATED FACILITIES 2003 Capital Bowmanville Waterfront Redevelopment Feasibility Study 45,149 2003 Capital South Courtice Community Park - Soccer Field 1 31,021 2006 Capital Knox Neighbourhood West - park developmenUdesign 18,000 2006 Capital Bow. Community Park - lighted football field/scoreboard - baseball field 358,592 2006 Council Waverly Rd, Bow. - landscape feature area/plantings/sign/lighting 108,000 2006 Capital Soper Creek Trail, Bow. - Ph 2/design 19,620 2006 Capital Orono streetscape enhancements-install planting strip/east side-Main 51. 12,794 2006 Capital Courtice Skateboard Park/design 40,500 2006 Caoital Courtice entrance feature/landscapino/plantinos/sion/liahtina 119,282 Total 752,957 RESERVE FUND, DIC - ROADS AND RELATED 2002 Capital Road reconstruction - Longworth Ave, Bowmanville 21,897 2004 Capital Road reconstruction - Longworth Ave/Liberty to Scugog, Bowmanville 44,175 2004 Capital Street lights - Longworth Ave @ Hwy #57, Bowmanville 23,751 2005 Capital Surface asphalt - Longworth Ave/Hwy #57 to Middle Road, Bowmanville 42,250 2006 Council Traffic signals - Longworth Ave & Scugog St 37,508 2006 Council Traffic signals - Longworth Ave & Reg. Rd #57 87,500 2004 Capital Road reconstruction - Scugog SUMiddle Road, Bowmanville 63,278 2005 Capital Road reconstruction - Scugog SUMiddle Road, Bowmanville 75,194 2005 Capital Road reconstruction - Hunt Street, Bowrnanville 125,664 2006 Capital Road reconstruction - Hunt Street, Bowmanville 38,500 2005 Capital Road reconstruction - Mill Street, Newcastle 583,695 2006 Capital Overpass reconstruction - Mill Street, Newcastle 2,224,533 2005 Capital Road reconstruction - Baldwin Street, Newcastle 406,947 2006 Capital Road reconstruction - Baldwin Street, Newcastle 60,991 2005 Capital Raad reconstruction - Clarington Blvd, Bow.lreimb. of canstruction costs 36,400 2005 Capital Road reconstruction - Brownsville Road, Newcastle 74,978 2005 Capital Road reconstruction - Green Rd, Bow/Baseline to Boswell 58,598 2006 Capital Road reconstruction - Green Rd, Bow/Baseline to Boswell 2,943,710 2006 Capital Road reconstruction - Green Rd, Bow/Hwy #2 northerly for 230m 238,230 2006 Capital Road reconstruction/design - Elgin St, BowlWellington to Third Street 5,620 2006 Capital Road reconstruction/design - Darlington Blvd, Courtice 23,427 2006 Capital Road reconstruction/design - Trulls Rd, Courtice 10,699 2005 Capital CPR level crossing improvements - Mearns Ave., Bowmanville 193,908 2006 Capital Road reconstruction/design-CPR level crossing-C. Rd 31Mearns Ave, Bow 40,166 2006 Capital Stevens Rd, Bow. Extension/design, land acquis., environ. assessment 394,684 2006 Capital Church St, Bow. Extension/includes demolition @ 1 George 51. 78,348 2005 Capital Traffic signals - Bowmanville Mall, King 51. Bowmanville 139,432 2006 Capital Street signalization - King SUGeorge St, Bow. 275,140 2006 Capital Traffic signals - Baseline Rd. W. & Spry 200,000 2004 Capital Transportation study, Courtice 44,175 2005 Capital Eng/Sidewalks - Hwy #2/Centerfield to Trulls, Courtice 58,417 2006 Capital Eng/Sidewalks - Hwy #2, Bow/south side - Clar. Blvd to Green Rd 24,144 2006 Capital Eng/Sidewalk-Green Rd/Hwy #2 south to 600m 22,548 2006 Capital Erosion protection works - Farewell Creek/Old Kingston Road 35,905 2004 Caoital Soper Creek Erosion Protection Studv 25,110 Total 8,759,522 RESERVE FUND, DIC - PARKING 2006 Caoital Silver Street - north oarkina 10Ucentral meter installation 13,500 Total 13,500 TOTAL COMMITTED TO DEVELOPMENT CHARGES RESERVE FUNDS 11,289,250 DN:DC REPORTSIDCRF 2006 Prepared: RBlMay 29, 2007 Updated: RB/June 8. 2007 MUNICIPALITY OF ClARINGTON DEVELOPMENT CHARGES RESERVE FUND STATEMENT FOR THE 2006 YEAR DIC RIF NON DIC RIF CAPITAL EXPENDITURES AMOUNT FINANCING FINANCING DESCRIPTION DIC - FIRE PROTECTION SERVICES Courtice Fire Station 3,095 603 2,492 Municipal Capital Works RtF Addition - Enniskillen Stn #5 107,414 97,831 9,584 Tax levy Rescue Truck 138,750 138,750 249,260 237,184 12,076 DIC - PARK DEVELOPMENT & RELATED FACILITIES South Courtice Community Park - Soccer Field 15,492 13,417 2,074 Tax Levy Park Development - Pearce Farm Park 41,872 36,266 5,607 Developer contribution Park Development - Bowmanville Community Park 531,565 478,408 53,156 Public Works & Parks Capital RtF Park Development - Fenwick Park 3,244 2,919 324 Public Works & Parks Capital RtF Park Development - Brookhouse Parkette 3,702 3,332 370 Public Works & Parks Capital RtF Park Development - Soper Creek Trail 8,200 7,380 820 Public Works & Parks Capital RtF New Ball Diamond Lighting - Harvey Jackson Park 157,353 141,617 15,735 Tax Levy Orono Streets cape 45,785 41,206 4,578 Public Works & Parks Capital RtF Courtice Entrance Feature 7,465 6,718 746 Public Works & Parks Capital RtF Bowmanville Waterfront Redevelopment 9,467 8,615 852 Tax Levy Robinson Ridge Subdivision Parkland Credit Payment 427,368 427,368 1,251,511 1,167,247 84,264 DIC - OPERA TIONS Park Development - Bowmanville Community Park 115,505 57,128 13,918 Public Works & Parks Capital RtF 44,459 ImpacVEscrow RtF Transfer Station 270,253 176,318 20,392 Tax Levy 16,723 Municipal Capital Works RtF 17,330 PIW Equipment RtF 39,490 Outside Contribution New Equipment Purchases 283,331 219,132 (139) Municipal Capital Works RtF 64,338 PIW Equipment RtF Fleet Replacement - Parks 156,556 102,971 48,086 PIW Equipment RtF 5,500 Outside Contribution SCA - Half Ton Pick Up Truck 28,292 25,463 2,829 CtS Capital RtF 853,937 581,012 272,926 ole - ROADS AND RELATED Street Lighting - Longworth Avenue, Bowmanville 83,609 47,514 8,716 Tax Levy 27,379 Developer contribution Road reconstruction - Longworth Avenue Bridge, Bowmanville 22,570 19,071 745 Roads Contribution RtF 2,753 Municipal Capital Works Road reconstruction - Mearns Avenue, Bowmanville 9,834 9,834 Road reconstruction - Church Street, Bowmanville 21,652 21,652 Road reconstruction - Scugog Street, Bowmanville 165,262 63,072 9,625 Municipal Capital Works 92,565 Developer contribution Road reconstruction - Hunt Street, Bowmanville 51,592 26,379 10,468 Tax Levy 38,518 Roads Contribution RtF (23,773) Developer contribution Road reconstruction - Prestonvale Road, Courtice (2004) (225) (176) (49) Tax Levy Page1of2 DNDC REPORTS/DCRF 2006 Prepared: RBlMay 29, 2007 Updated: RB/June 6, 2007 MUNICIPALITY OF ClARINGTON DEVELOPMENT CHARGES RESERVE FUND STATEMENT FOR THE 2006 YEAR DIC RIF NON DIC RIF CAPITAL EXPENDITURES AMOUNT FINANCING FINANCING DESCRIPTION DIC - ROADS AND RELATED - cOll,'d Road reconstruction - Prestonvale Road, Courtice (2002) 1,521 (1,121) (190) Rate Stabilization RIF (118) Tax Levy 2,950 Region Contribution Road reconstruction - Mill Street, Newcastle 525,802 417,509 108,293 Developer Contribution Road reconstruction - Baldwin Street, Newcastle 100,255 81,505 12,039 Roads Contribution RIF 6,711 Developer Contribution Road reconstruction - Brownsville Road, Newcastle 250 188 62 Municipal Capital Works Road reconstruction - Middle Road, Bowmanville 35,617 29,025 6,592 Municipal Capital Works Road reconstruction - Jane Avenue, Courtice 231,855 201,800 30,055 Municipal Capital Works Road reconstruction - Westmore Street, Courtice 570,137 500,980 69,158 Municipal Capital Works Road reconstruction - CPR CrossinglMearns Ave, Bowmanville 6,372 5,799 573 Municipal Capital Works Road reconstruction - Green Road, Bowmanville 121,922 110,949 10.973 Roads Contribution RIF Road reconstruction - Elgin Street, Bowmanville 17,291 5,506 11,786 Tax Levy Road reconstruction - Stevens Road, Bowmanville 18,316 18,316 - Road reconstruction - Trulls Road, Courtice 13,501 12,561 940 Municipal Capital Works Land acquisition - St George Street, Bowmanville 243,728 243,728 Erosion Protection Works - Farewell CreeklOld Kingston Road, Court. 189,095 114,095 25,000 Roads Contribution RIF 50,000 Region Contribution Road reconstruction - Works Associated with Dev. 21,518 10,759 10,759 Tax Levy Traffic Signals - Roenigk Drive, Bowmanville 89,525 81 ,468 8,057 Tax Levy Traffic Signals - NashfTrulls Road, Courtice 68,482 62,318 6,163 Tax Levy Traffic Signals - King SUBowmanville Mall, Bowmanville 95,678 87,067 8,611 Roads Contribution RIF Traffic Signals - King SUSt George Street, Bowmanville 7,904 7,446 458 Municipal Capital Works TraffiC Signals - Longworth & Scugog Streets, Bowmanville 82,492 82,492 Walkway construction - Foxhunt Walkway, Courtice 533 485 48 Municipal Capital Works Sidewalk construction - Green Road, Bowmanville 57,452 57,452 Sidewalk construction - Hwy #2, Bowmanville 71,782 69,449 2,333 Municipal Capital Works Sidewalk construction - Regional Road #57, Bowmanville 33,638 33,638 2,958,961 2,420,760 538,201 TOTAL CAPITAL EXPENDITURES 5,313,668 4,406,201 907,467 SUMMARY OF FINANCING, 237,184 DIC - Fire Protection Services R/F 1,167,247 DIC - Park Dev. & Related Facilities R/F 581,012 DIC - Operations R/F 2,420,760 DIC - Roads and Related RIF 141,627 Municipal Capital Works RIF 203,667 Public Works & Parks Capital RIF 44,459 ImpacUEscrow RIF 95,886 Roads Contribution R/F (190) Rate Stabilization R/F 2,829 CIS Capital R/F 104,469 Tax Levy 52,950 Region contribution 216,781 Developer contribution 44,990 Outside contribution TOTAL FINANCING 5,313,668 4,406,201 907,467 Page 2 of 2