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4-
THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
File # ...F 10- C H
Res. # CD PA - 107 - (7 'l'-
Meeting:
Date:
February 16, 1998
Report #:
Subject:
TR-6-98
File #:
By-law #
CASH ACTIVITY REPORT - NOVEMBER 1997
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-6-98 be received;
2. THAT, in accordance with provision of Chapter M-4S, 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 November 30, 1997, is as shown
on the attached schedule; and
3. THAT Part "A" of the expenditures for the month of November 1997, be
confirmed.
BACKGROUND AND COMMENT:
The attached schedules indicate the Corporation of the Municipality of Clarington's cash
transactions, status of taxes receivable information, the cash investment position, development
charges information and statistical information for the month ended November 30, 1997 and the
comparative information for the month ended November 30, 1996.
Reviewed by,
ane A. Marano, H.BSc.,A.M.C.T.,
Treasurer.
~
W.H. Stockwell,
Chief Administrative Officer.
MAM/KS/LG/km
Attachments
805
CORPORATION OF THE MUNICIPALllY OF CLARINGTON
Analysis of Revenue and Expenditures
for the Month of NOVEMBER 1997
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED
UNCONDITIONAL GRANT
MUNICIPAL SUPPORT GRANT
GRANTS-IN-L1EU:
GOV'TOF CANADA GIL
MUNICIPAL TAX ASSISTANCE GIL
ONTARIO HYDRO GIL
CHEC HYDRO GIL
MEMORIAL HOSPITAL GIL
MINISTRY OF HOUSING GIL
LCBO GI L
REGION GIL
BELL TELEPHONE GIL
ONTARIO HYDRO PROCEEDS
COURTICE COMMUNllY CENTRE FUND RAISING
COIW INFRASTRUCTURE GRANT
NATURAL RESOURCES-PITS & QUARRIES
SALE OF LAND
SUBSIDIES:
MINISTRY OF TRANSPORTAllON *
HANDI- TRANSIT SUBSIDY
DEVELOPMENT CHARGES- TOWN
GENERAL
INTEREST
DEVELOPMENT CHARGES-REGION/PUC
USE OF FUNDS:
PAYROLL
REGION LEVY
SCHOOL BOARD LEVIES
GENERAL-INCLUDING CAPITAL EXP.
II
[ET CASH PROVIDED (USED)
FINANCIAL POSITION:
GENERAL FUND
RESERVE FUND
MUNICIPAL POOLED INVESTMENTS
INVESTMENTS (GENERAL + RESERVE FUND)
TOTALS
BANK
BALANCE
OCT 31/97
3,104,709
3,605,715
26,860
42,010,950
48748234
PART "A"
NOVEMBER
1996
1,309,456
257,302
233,287
186,036
1,273,674
89,697
234,068
3,583,520
1,038,001
o
o
2,558,475
3,596,476
(12,956)
NET CASH
PROVIDED
(USED)
(2,151
(1,052,359)
2,216,528
618,726
953,355
2,553,356
2,243,388
42,629,676
379 775
NOTE A: Difference in comparison between years due to timing difference in receipt of funds.
* NOTE B: No longer receive roads subsidy; replaced with Municipal Support Grant.
806
BANK
BALANCE
NOV 30/96
1,303,284
3,114,411
29,050
42,175,235
46621 980
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PART "B"
807
STATISTICAL INFORMATION
FOR THE MONTH OF NOVEMBER, 1997
Payment Received - Taxes 2,617
Pre-authorized Payments 1,044
Tax Certificates 155
Number of Properties eligible for Tax 37
Registration (see Note 1)
Accounts Payable Cheques Issued
#18748 to 19412 904
Number of Births Registered 31
Number of Deaths Registered 47
N ole 1:
Only includes those properties whose arrears are greater than $10,000.
808
PART "C"
INVESTMENTS OUTSTANDING
AS AT NOVEMBER 30, 1997
PART "D"
~ r.nq "~ATt' # U~~AYS MATURITY MATURITY
VALUE DATE
-UNU
MTL 1,993,620.00 3.77% 31 2,000,000.00 DEC. 11/97
TO 2,974,770.00 3.56% 87 3,000,000.00 DEC. 15/97
BNS 2,000,000.00 3.62% 76 2,015,075.07 DEC. 15/97
BNS 3,000,000.00 3.62% 76 3,022,612.60 DEC. 15/97
TO 995,480.00 3.95% 42 1,000,000.00 JAN. 9/98
TOTAL GENERAL FUND 10,963,870.00
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 820,799.37 7.16% 1358 1,061,287.00 July 6/99
RBC 250,000.00 8.00% 184 350,000.00 Mar 1/00
RBC 56.000.00 8.875% 1095 70,910.00 May 1/98
RBC 61.000.00 9.00% 1460 82,960.00 May 1/99
RBC 999,999.48 7.70% 1718 1,417,032.00 F eb 6/00
RBC . I 295,000.00 8.50% 3285 295,000.00 May 26/04
RBC 601,120.00 7.95% 1366 800,000.00 Feb 20/99
WOOD GUND 344,316.13 7.90% 1135 436,064.00 July 13/98
RBC 2,063,810.92 7.95% 1688 2,937,391.00 Jan 13/00
RBC . 158,000.00 7.50% 1095 158.000.00 June 8/98
514,000.00 7.75% 1825 514.000.00 June 8/00
RBC 234,787.20 7.30% 837 296,000.00 Nov 14/98
RBC 862,564.39 7.43% 1316 1,117,022.00 Mareh 8/99
RBC 999.999.65 8.20% 1825 1,482,799.00 Aug 8/00
RBC 499,999.62 7.80% 1043 619,655.00 July 3/98
RBC . 475,000.00 8.58% 2761 475,000.00 Mar 17/03
RBC 999,999.76 6.20% 1,252 1,229.256.00 July 6/99
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
RBC 72,000.00 6.10% 730 80,640.00 June 18/98
RBC 40,397.70 7.20% 1578 54,562.00 Aug 8/00
RBC 1,999.999.91 5.90% 762 2,251,745.00 Sept 1/98
RBC 299,628.50 5.30% 1396 365,000.00 Sept 1 /00
RBC 180.862.43 5.63% 1549 228,160.00 Feb 1/01
RBC 573,533.32 4.01% 724 619,969.00 Nov 14/98
RBC I 933,400.00 5.20% 1827 1,202,670.00 Nov 12/02
RBC 1,444,311.68 3.80% 357 1,498,000.00 Mar 19/98
WOOD GUND~ 2,599,580.15 4.00% 325 2,701,000.00 Apr. 2/98
WOOD GUND~ 47,999.92 3.98% 296 49,523.00 Feb 1/98
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
WOOD GUND 715,539.24 3.70% 356 741,000.00 June 2/98
RBC 427,625.00 5.50% 1628 542,878.00 Dee 1/01
RBC . 250,000.00 3.00% 180 250,000.00 Dee 21/97
CIBC 2,999,371.20 3.60% 90 3,026,000.00 Dee 18/97
MTL 1,981.920.00 3.70% 90 2,000,000.00 Dee 29/97
WOOD GUND 837,999.52 3.49% 214 855.119.00 Feb 1/98
HONG KONG 2,088,874.69 4.00% 90 2.109,706.21 F eb 9/98
RBC I 2,577,616.00 4.15% 383 2,690,060.00 Sept 1 /98
I
TOTAL RESERVE FUND 31 665 805.87
TOTAL INVESTMENTS 42629 615.81
. Bond investment. Interest paid on a quarterly basis.
809
DN:CASHPTE
.
PART .p
NOVEMBER 1997
I II Total II Lot Levies II Development Charges ~
Town I Re!:lionl C.H.E.C.
Baywood Homes <:)""<:)"7('1 - 9,752.70 14,616.00 1,258.00
L.12, C.2, Bowmanville
40M1852
B/P#97.1 002 -1 003
Nu-Build Construction 23,562.00 - 10,262.00 13,300.00 -
L.34, C.2, Darlington
40M1798
B/P#97.1 016-1 017
Andelwood Homes "A AA7 t\l'l - 25,655.00 29,232.00 -
>oJ . ,VV ."
L.34, C.2, Darlington
40M1847
L.32, C.3, Darlington
40M1893
_B/P#97.1 031,1035,1063,1067
Wilmot Creek 15.00 - 615.00 - -
L. 180, BFC, Darlington
B/P#97.1066
1138330 Ontario I nc. - - 26,600.00 -
(Carnovale Homes)
L.33, C.2, Darlington
40M1876
B/P#97.1 049-1 052
1070797 Ontario Inc. 26,600.00 - - 26,600.00 -
(Carnovale Homes)
L.33, C.2, Darlington
40M1876
B/P#97.1 045 -1048
Timberlane Dev. 30,786.00 - 30,786.00 - -
L.33, C.2, Darlington
40M1876
B/P#97.1 047-1 052
Liza Homes 177 ,089.50 - 177,089.50 - -
(1220582 Ontario Ltd.)
L.30, C.2, Darlington
40M1902
Eiram Dev. AO "A"/'1t\ - - 43,848.00 -
L.10, C.3, Bowmanville
40M1776
B/P#97.1 038-1 043
1000690 Ontario I nc. tV' - - 93,100.00 -
L.30, C.2, Darlington
40M1902
B/P#97.0966-0969,0986-0995 ..~
I TOTALS 502,714.20 0.00 254,160.20 247,296.00 1,256.00
810
DN:CASHPTE
.
PART -E-
NOVEMBER 1997
CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND
Fridel Limited
L.31, C.2, Darlington
LD218 & 219/97
700.00
1220582 Ontario Ltd.
L.30, C.2, Darlington
18T -95014
Feildstone Phase 5
56,550.00
S.Sau hammel/M .Cifelli
L.25 & 26, C.7, Darlington
DEV97-064
5,088.28
Total Cash-in-Lieu of Parkland
62,338.28
CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES
Total Engineering and Inspection Fees Contributions
0.00
Mardave Construction Ltd.
Reconstruction Hwy #2/Green Road/Uptown Avenue
Liquidated damages
13,600.00
-I
CONTRIBUTIONS - ROADS
Total Roads Contributions
13,600.00
8 1 1