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Report
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Report To:-RQQUDORUQPQDQ3ODQQQDQORSPQRPP
Date of Meeting: December 10, 2018
Report Number: FND-014-18 Resolution: JC -053-18
File Number: By-law Number:
Report Subject: Financial Update as at September 30, 2018
Recommendation:
1. That Report FND-014-18 be received for information.
Municipality of Clarington
5SRU1
Report Overview
Page 2
The purpose of this report is to update Council on the overall budget variance as of
September 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.
Additional financial information is provided to show trends relating to the general
economy.
2. Third 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 September 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.
Capital projects are also not included. Year to date expenditures as of September 30,
2018 totalled $62,945,154 which represents 100.3% of the budget as of the end of the
third quarter. Year to date revenues totalled $81,876,070 which represents 104.6% of
the budget as of September 30, 2018.
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 September 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.
Municipality of Clarington Page 3
Report FND-014-18
2.3 Non -departmental accounts are at 101.3% of the third quarter 2018 budget. This is
due in part to higher than budget General Fund interest. The higher interest can be
attributed to the Bank of Canada rate increases in 2018. As of the end of September
the General Fund interest is at 143% if the total 2018 budget.
2.4 The Clerk's Department net expenditures are at 87.7% at the end of the third quarter.
This is due to higher than budgeted revenues and lower than budgeted expenditures as
of September 30, 2018. The increased revenues are due to the cumulative effect of
several sources. As of September 30, 2018 there have been higher than budget
revenues in snow clearing fines, cemetery sales, parking revenues and fines. As well
animal licences are at 130% of the total 2018 budget. Election expenditures are lower
than budgeted as of the third quarter; however, not all election costs have been
recorded by the third quarter. The fourth quarter report will provide a better picture on
the election expenditures. The lower expenditures are moderated by the higher transfer
to the parking lot reserve fund which directly corresponds to the higher parking
revenues.
2.5 Emergency Services net expenditures are at 100.1%. Emergency calls revenues from
the Ministry of Transportation are unbudgeted and as of September 30, 2018 total
$70,117. These revenues are transferred to the Fire Equipment Reserve Fund. As
noted in previous financial update reports, the Municipality has received some additional
revenues in the first quarter through the Memorandum of Understanding with Ontario
Power Generation. Overall expenditures are on track. Overages compared to the
budgeted amounts in areas such as prevention and suppression are mitigated by under
budgeted amounts in training and communication - contract and equipment.
2.6 Engineering Services net expenditures are at 68.2% of the third quarter budget. As
reported in previous financial updates, the building permit revenues are much higher
than budgeted. As of September 30, 2018 the building permit revenues are at 195.7%
of the total 2018 budget. As well there has been contributions as per agreements
relating to road projects. Overall revenues are at 228.5% of the third quarter budget.
Inspection fees are unbudgeted and as of the end of September were $398,737. There
is a corresponding expenditure which transfers the inspection fees to the associated
reserve fund. This transfer is a significant portion of the increase in expenditures.
2.7 Operations net expenditures are at 102.9% of the budget as of September 30, 2018.
Operating expenditures, excluding fleet and debenture payments, are higher than the
third quarter budget at 107.6%. Note that fleet costs are not completed until year end.
Winter control costs are over budget approximately $980,000 at the end of the third
quarter. This can be attributed to the extended winter season in the first half of 2018
and the increase in sand and salt purchases. As well, senior snow clearing costs are
Municipality of Clarington Page 4
Report FND-014-18
higher than budgeted. At the end of the third quarter senior snow clearing costs are at
172% of the total 2018 budget. Additionally, brush, tree and weed removals are over
budget as of the third quarter. These overages are mitigated by areas that are under
budget as of the third quarter including park maintenance, loose top maintenance and
traffic signs. Some variances are affected by timing differences from year to year.
However, weather is an unpredictable variable and directly affects budget areas such as
winter control and flooding response.
2.8 Community Services net expenditures are at 95.6% of the third quarter budget.
Expenditures are below budget due to the combination of lower costs in various areas
such as facilities and aquatics as well as concessions which were cancelled as a
service being run by the Municipality.
2.9 Attachment 2, Continuity of Taxes Receivable as of September 30, 2018, provides the
status of the taxes billed and collected by the Municipality during the third quarter. A
total of $54,225,154 in final tax bills and $1,385,159 in supplementary tax bills were
issued to property owners in the Municipality during the third quarter. At the end of
September 2018, a total of $21,246,293 remains unpaid compared to September 2017
taxes receivable of $19,579,891. The net balance is $1,666,402 higher or 8.51% higher
than the previous year at this time. This increase can be in part attributed to an
increase of supplementary accounts choosing the pre -authorized payment (PAP) and
spreading out the payments on these properties. Although there is an increase in the
taxes receivable, the ongoing collection efforts continue to manage the balance of taxes
outstanding.
2.10 Attachment 3, Debenture Repayment Schedule, provides the status of the Municipality's
long term debt obligations as of January 1, 2018. This schedule has been revised from
the previous financial update report, Attachment 3 of FND-013-18. The 2018
debentures for the LED street light conversion and parking lots are being financed
internally by the Municipality. The administration of the debenture has been processed
by the Region as required. However, due to the internal financing, the debentures are
not reported on the Debenture Repayment Schedule nor are they reported on the
Investment Summary. 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 remain well below the annual debt repayment limits prescribed by the Ministry
of Municipal Affairs and Housing.
2.11 The 2018 debenture for the LED street light conversion will be financed internally by the
Municipality through savings in energy and maintenance costs. This will be shown as a
reduction in operating costs relating to streetlights in the Operations Department budget
and an annual Engineering budget transfer to the Municipal Capital Reserve Fund. The
Municipality of Clarington
Resort FND-014-18
Page 5
parking lot debenture will be will be financed internally as part of the annual contribution
to the Parking Lot Rehabilitation Reserve Fund. There will be a subsequent transfer
from Parking Lot Rehabilitation Reserve Fund to the Municipal Capital Reserve Fund in
the amount of the scheduled payment.
2.12 Attachment 4, Municipal Development Charges as of September 30, 2018, provides the
development charges collected separated into residential and non-residential. At the
end of the third quarter, residential municipal development charges collected are
$10,044,533. 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 2018, there were 625 units. Compared to the same period the previous
year there was a 39.8% increase in residential development charges collected and an
11 % increase in the number of residential units.
2.13 As of September 30, 2018 there has been $645,582 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.
2.14 There are a number of incentives in the 2015 Development Charges By-law 2015-35 to
stimulate development in Clarington. There were no incentives given in the third
quarter. The total development charge incentives remains at $941,434 with 39.3%
given to residential incentives and 60.7% given to non-residential incentives.
2.15 As per the Municipality's Investment Policy which was approved on July 3, 2018 (FND-
011-18), the Treasurer will provide an in-depth annual investment report on the 2018
year's investments in 2019. The quarterly financial update provides some of the
highlights of investments as of September 30, 2018. Note that as per the policy the
operating cash accounts are not included in the following tables. During the third
quarter, maturing Reserve Fund investments were re -invested into GICs. Mid-range
term and other investment types will be investigated as investments mature in 2019.
Municipality of Clarington Page 6
Report FND-014-18
2.16 As per the policy, the terms or length of investments have been set to ensure liquidity
and to minimize interest rate risk. Table 1 shows the term of the investments as of
September 30, 2018.
Table 1 - Term of Investments
2.17 The policy also sets out the types of investments to create a diversified portfolio. Table
2 shows the breakdown of the types of investments as of September 30, 2018.
Table 2 - Type of Investments
Total Funds
% of Total
Minimum
Range
Maximum
Range
90 Das
$ 48,042,920
45.8%
0%
20%
100%
90 Days to 1 Year
6,413,683
6.1%
51.9%
30%
100%
1 to 5 Years
47,205,154
45.0%
Municipal Debt
0%
85%
5 to 10 Years
3,163,928
3.0%
56,291,900
0%
50%
10 to 20 Years
-
0.0%
1 0.0%
0%
30%
Total
$ 104,825,685
100.0%
0%
25%
Total
2.17 The policy also sets out the types of investments to create a diversified portfolio. Table
2 shows the breakdown of the types of investments as of September 30, 2018.
Table 2 - Type of Investments
Total Funds
% of Total
Minimum
Range
Maximum
Range
HISA
$ 40,559,701
38.7%
0%
100%
Federal Debt
-
0.0%
0%
100%
Provincial Debt
3,393,683
3.2%
0%
80%
Municipal Debt
-
0.0%
0%
35%
Financial Institutions
56,291,900
53.7%
0%
60%
Corporate Debt non-financial
-
1 0.0%
1 0% 1
10%
ONE Investment Pools
4,580,401
4.4%
0%
25%
Total
$ 104,825,685
100.0%
Municipality of Clarington Page 7
Resort FND-014-18
3. Concurrence
Not Applicable
4. Conclusion
It is respectfully recommended that the third quarter of 2018 financial update report be
received for information.
Submitted
Trevor Pinn, B.Com, CPA CA,
Deputy Treasurer
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 Nine Months Ending September 31, 2018
to Report FND-014-18
2018 Qtr 3
Budget YTD
2018 Qtr 3
Actual YTD
2018 Qtr 3
Unexpended
($)
2018 Qtr 3
%
Expended
Iw
2017 Qtr 3
Budgeted YTD
2017 Qtr 3
Actual YTD
2017 Qtr 3
Unexpendend
($)
2018 Total
Budget
2018 % of
budget
spent
05 Non -departmental Accounts
(58,442,316)
(11470,253)
(6,120,518)
(59,894,447)
(1,671,972)
(5,574,813)
1,452,131
201,719
(545,705)
(62,634,835)
(1,851,538)
(5,762,273)
100.5%
114.6%
97.4%
Municipal Taxation
(62,429,064) (62,940,130) 511,066 100.8%
Other Revenue
(1,565,682) (2,121,684) 556,002 135.5%
Contributions
(5,762,273) (5,609,979) (152,294) 97.4%
Revenue/Taxation/Contributions
(69,757,019)
(70,671,793)
914,774
101.3%
(66,033,087)
(67,141,232)
1,108,145
(70,248,646)
100.6%
(211,820)
(211,820)
0
100.0%
(203,300)
203,300
(203,300)
203,300
0
0
(211,820)
211,820
100.0%
100.0%
59 BIA Taxation
BIA Taxes
BIA Payments
211,820 211,820 0 100.0%
Net Expenditures
0
0
0
0
0
0
0
10 Mayor and Council
Net Expenditures
691,036
690,213
823
99.9%
632,237
625,215
7,022
920,932
74.9%
(128,539)
1,601,715
(200,874)
1,532,077
72,335
69,638
(165,500)
2,100,193
62.2%
74.6%
13 Administrator's Office
Revenues/Recoveries
(128,192) (102,955) (25,237) 80.3%
Expenditures
1,559,985 1,567,008 (7,023) 100.5%
Net Expenditures
1,431,793
1,464,053
(32,260)
102.3%
1,473,176
1,331,203
141,973
1,934,693
75.7%
(49,931)
302,133
(87,190)
303,210
37,259
(1,077)
(170,000)
546,792
37.0%
65.5%
14 Legal Administration
Revenues/Recoveries
(67,301) (62,924) (4,377) 93.5%
Expenditures
334,292 358,215 (23,923) 107.2%
Net Expenditures
266,991
295,291
(28,300)
110.6%
252,202
216,020
36,182
376,792
78.4%
(3,000)
3,431,177
(10,271)
3,333,215
7,271
97,962
(8,000)
4,720,273
1,953.3%
77.8%
16 Corporate Services
Revenues/Recoveries
(8,000) (156,260) 148,260 1,953.3%
Expenditures
3,720,419 3,673,248 47,171 98.7%
Net Expenditures
3,712,419
3,516,988
195,431
94.7%
3,428,177
3,322,944
105,233
4,712,273
74.6%
(512,575)
2,703,909
(642,461)
2,563,855
129,886
140,054
125.3%
94.8%
(458,901)
2,335,048
(627,431)
2,352,696
168,530
(17,648)
(684,900)
3,740,364
93.8%
68.5%
19 Clerk's
Revenues/Recoveries
Expenditures
Net Expenditures
2,191,334
1,921,394
269,940
87.7%
1,876,147
1,725,265
150,882
3,055,464
62.9%
21 Finance & Unclassified Administration
(1,149,271)
1,871,946
2,863,786
(1,138,323)
1,761,555
2,864,945
(10,948)
110,391
(1,159)
(1,502,000)
2,616,900
2,858,637
78.5%
70.5%
81.6%
Revenues/Recoveries (1,115,645) (1,178,544) 62,899 105.6%
Operating Expenditures 1,932,593 1,845,199 87,394 95.5%
Unclassified Administration 2,507,259 2,331,333 175,926 93.0%
Expenditures
4,439,852
4,176,532
263,320
94.1%
4,735,732
4,626,500
109,232
5,475,537
76.3%
Net Expenditures
3,324,207
2,997,988
326,219
90.2%
3,586,461
3,488,177
98,284
3,973,537
75.4%
The Municipality of Clarington
Attachment 1
Summary of Operating Expenditures and Revenues for the Nine Months Ending September 31, 2018
to Report FND-014-18
2018 Qtr 3
Budget YTD
2018 Qtr 3
Actual YTD
2018 Qtr 3
Unexpended
($)
2018 Qtr 3
%
Expended
2017 Qtr 3
Budgeted YTD
2017 Qtr 3
Actual YTD
2017 Qtr 3
Unexpendend
($)
2018 Total
Budget
2018 % of
budget
spent
(80,993)
8,991,329
(220,932)
9,024,696
139,939
(33,367)
(110,000)
12,362,786
196.1%
75.6%
28 Emergency Services - Fire
Revenues/Recoveries
(98,942) (215,755) 116,813 218.1%11
Expenditures
9,226,568 9,348,159 (121,591) 101.3%
Net Expenditures
9,127,626
9,132,404
(4,778)
100.1%
8,910,336
8,803,764
106,572
12,252,786
74.5%
(967,987)
534,407
5,717,520
(2,195,234)
534,407
5,982,414
1,227,247
0
(264,894)
(1,605,532)
538,773
7,448,843
227.4%
85.2%
89.7%
32 Engineering Services
Revenues/Recoveries
(1,597,809) (3,650,258) 2,052,449 228.5%
Debenture Payment
Operating Expenditures
Expenditures
Net Expenditures
459,1101
6,261,225
459,110
6,682,940
0
(421,715)
100.0%
106.7%
6,720,335 7,142,050 (421,715) 106.3%
6,251,927
6,516,821
(264,894)
7,987,616
89.4%
5,122,526 3,491,792 1,630,734 68.2%
5,283,940 4,321,587 962,353
6,382,084
54.7%
(417,189)
(457,999)
40,810
109.8%
(523,660)
11,848,441
1,027,669
(559,269)
12,696,569
608,496
35,609
(848,128)
419,173
(672,423)
18,116,278
1,667,046
68.1%
77.0%
56.2%
36 Operations
Revenues/Recoveries
Operating Expenditures
12,966,002 13,945,451 (979,449) 107.6%
Fleet & Debenture Payments
1,469,508 936,411 533,097 63.7%
Expenditures
Net Expenditures
14,435,510
14,881,862
(446,352)
103.1%
12,876,110
13,305,065
(428,955)
19,783,324
75.2%
14,018,321 14,423,863 405,542 102.9%
12,352,450 12,745,796 393,346
19,110,901
75.5%
(3,640,843)
8,343,273
3,099,950
95,000
(3,741,567)
8,398,973
3,099,950
95,000
100,724
(55,700)
0
0
(5,104,866)
12,556,918
2,115,485
95,000
73.5%
70.3%
94.8%
98.7%
42 Community Services
Revenues/Recoveries
(3,802,124) (3,754,006) (48,118) 98.7%
Operating Expenditures
9,203,600 8,825,298 378,302 95.9%
Debenture Payments
2,004,560 2,004,560 0 100.0%
95,000 93,750 1 11250 98.7%
Annual Grant & Sponsorships
Expenditures
11,303,160
10,923,608
379,552
96.6%
11,538,223
11,593,923
(55,700)
14,767,403
74.0%
Net Expenditures
7,501,036
7,169,602
331,434
95.6%
7,897,380
7,852,356
45,024
9,662,537
74.2%
(393,483)
3,505,610
(807,274)
3,000,115
413,791
505,495
(702,300)
4,378,036
109.8%
76.2%
50 Planning Services
Revenues/Recoveries
(564,637) (771,295)
206,658
136.6%
Expenditures
Net Expenditures
3,359,235
3,336,390
22,845
99.3%
2,794,598 2,565,095
229,503 91.8%
3,112,127
2,192,841
919,286
3,675,736
69.8%
Boards & Agencies
4,072,724
4,072,194
530
100.0%
4,080,205
4,072,400
7,805
4,190,911
97.2%
(78,281,253)
(81,876,070)
3,594,817
104.6%
(73,632,995)
60,484,746
(76,932,897)
60,489,233
3,299,902
(4,487)
(81,185,987)
81,185,987
100.9%
77.5%
Total Operating:
Revenue/Recoveries
Expenditures
62,778,845
62,945,154
(166,310)
100.3%
Net Difference
(15,502,409)
(18,930,916)
3,428,508
122.1%
(13,148,249)
(16,443,664)
3,295,415
0
CORPORATION OF THE MUNICIPALITY OF CLARINGTON Attachment 2 to
Continuity of Taxes Receivable Report FND-014-18
for the Third Quarter of the Year 2018
Beginning
Payments &
Balance
Interest
Taxes Billed
Balance
Adjustments
September
September
Receivable
Added
2018
2017
June 30, 2018
Current Year
Taxes
8,131,534
55,407,983
63,539,517
(45,920,757)
17,618,759
16,249,960
Penalty and Interest
84,380
229,427
313,807
(142,266)
171,541
148,376
First Prior Year
Taxes
2,686,760
184,040
2,870,800
(648,110)
2,222,690
2,138,684
Penalty and Interest
197,884
89,044
286,929
(85,915)
201,014
166,623
Second Prior Year
Taxes
810,549
18,290
828,840
(145,681)
683,158
651,529
Penalty and Interest
90,126
25,666
115,791
(22,551)
93,241
73,285
Third and Prior Years
Taxes
225,168
0
225,168
(13,083)
212,085
135,152
Penalty and Interest
39,652
5,722
45,374
(1,569)
43,805
16,282
Total
12,266,054
349,859
55,610,313
68,226,226
(46,979,934)
21,246,293
19,579,891
** 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-014-18
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
Indoor Soccer
RRC
MAC
Green Road
Year
Lacrosse RRC CCD space
Improvements
Improvements
Grade Separation
Newcastle Library
Courtice Library
Newcastle 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
-
78,146.32
1,757,651.34
2,839,715.00
2020
164,755.07
104,715.46
84,010.16
107,799.19
544,416.38
-
78,341.53
1,604,355.98
2,688,393.77
2021
163,863.49
104,593.15
83,946.43
107,717.40
546,559.49
-
78,465.50
1,054,141.30
2,139,286.76
2022
163,542.75
83,964.94
107,741.15
546,559.49
-
78,488.31
1,006,711.96
1,987,008.60
2023
162,800.11
83,859.28
107,605.57
546,276.36
-
78,425.64
978,966.96
2024
160,675.42
83,823.08
107,559.13
553,240.30
78,249.84
983,547.77
2025+
668,981.96
858,416.52
2,693,604.53
546,030.80
4,767,033.81
1,144,905.27
419,082.86
1,259,487.29
1,616,134.27
6,511,231.59
558,787.14
1,095,052.91
7,182,548.08
19,787,229.41
Principal at
1,033,000.00
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
January 1, 2018
Principal at
896,000.00
248,296.31
950,705.28
1,219,914.89
4,958,600.00
-
871,000.00
5,083,000.00
14,227,516.48
January 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%
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-014-18
MUNICIPAL DEVELOPMENT CHARGES
January to September 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:
39.8%
11.0%
2018
2017
2017
Municipal Development Charges
Municipal Development
Number of
Municipal Development
Number of
Charges Paid
Units
Charges Paid
Units
$
10,044,533.00
625
5,037,330
307
$ 20,744.28
$
454,192.25
$
-
-
216,801
19
$
-
-
1,928,736
237
$
10,044,533.00
625
$ 7,182,867.00
563
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:
39.8%
11.0%
Change in DC paid from prior year: -3.4%
2018
2017
Municipal Development Charges
Municipal Development Charges Paid
Paid
$ 372,802.29
$
113,428.43
$ 20,744.28
$
454,192.25
$
77,961.74
$
-
$ 274,617.72
$
645,582.42
$ 668,164.29
Change in DC paid from prior year: -3.4%
Municipality of Clarington
Attachment 4 to
Report FND-014-18
Municipal Development Charges Incentives
As of September 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