HomeMy WebLinkAboutTR-7-98
THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
Meeting:
Date:
February 16, 1998
File # _F )C) .cA .
Res. #("Jpf-) - Icf6 - c~
Report #: TR-7-98
Subject
File #:
By-law #
CASH ACTIVITY REPORT - DECEMBER 1997
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-7-98 be received;
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 December 31, 1997, is as shown
on the attached schedule; and
3. THAT Part "A" of the expenditures for the month of December 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 December 31, 1997 and the
comparative information for the month ended December 31, 1996.
Reviewed by,
~
W.H. Stockwell.
Chief Administrative Officer.
:tV de A. Marano, H.BSc.,A.M.C.T.,
Treasurer.
MAM/LG/km
Attachments
812
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Analysis of Revenue and Expenditures
for the Month of DECEMBER 1997
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED
UNCONDITIONAL GRANT
MUNICIPAL SUPPORT GRANT
GRANTS-IN-L1EU:
GOV'T OF CANADA GIL
MUNICIPAL TAX ASSISTANCE GIL
ONTARIO HYDRO GIL
CHEC HYDRO GIL
MEMORIAL HOSPITAL GIL
MINISTRY OF HOUSING GIL
LCBO GIL
REGION GIL
BELL TELEPHONE GIL
ONTARIO HYDRO PROCEEDS
DEBENTURE PROCEEDS-COURTICE COMMUNITY CENTRE
COURTICE COMMUNITY CENTRE FUND RAISING
COIW INFRASTRUCTURE GRANT
NATURAL RESOURCES-PITS & QUARRIES
SALE OF LAND
SUBSIDIES:
MINISTRY OF TRANSPORTATION *
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.
NET CASH PROVIDED (USED)
PART "A"
1,174,677
257,300
1 ,041 ,445
248,917
540,779
326,046
254,289
3,843,453
725,832
o
8,527,116
2,559,703
11,812,651
(7,969, 198}
I BANK NET CASH t:lANK. BANK
I FINANCIAL POSITION: BALANCE PROVIDED BALANCE BALANCE
NOV 30/97 (USED) DEe 31197 DEC 31/96
!
GENERAL FUND 953,355 288,470 1.241.825 1,313,049
RESERVE FUND 2,553,356 1,089,510 3,642,867 3,356,978
MUNICIPAL POOLED INVESTMENTS 2,243,388 (2,188,556) 54,833 65,042
INVESTMENTS (GENERAL + RESERVE FUND) 42,629,676 (6 ,770, 700} 35,858,975 33,917,713
TOTALS 48 379 775 (7581,276 AD 38652782
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.
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PART "B"
814
STATISTICAL INFORMATION
FOR THE MONTH OF DECEMBER, 1997
Payment Received - Taxes 1,158
Pre-authorized Payments 1,160
Tax Certificates 152
Number of Properties eligible for Tax 36
Registration (see Note 1)
Accounts Payable Cheques Issued
#18748 to 19412 580
Number of Births Registered 38
Number of Deaths Registered 52
Note 1:
Only includes those properties whose arrears are greater than $10,000.
Note 2:
Due to Municipal Elections, no statistics done in October by the Clerk's
Department
815
PART "C"
INVESTMENTS OUTSTANDING
AS AT DECEMBER 31, 1997
PART "D"
I ~ FINANCIAL I INVESTMENT I INTEREST I # OF DAYS I MATURITY I MATURITY I
INSTITUTION COST RATE O/S VALUE DATE
TO 995,480.00 3.95% 42 1,000,000.00 JAN. 9/98
TO 2,986,080.00 4.60% 37 3,000,000.00 JAN. 28/98
TO 2,973,900.00 4.78% 67 3,000,000.00 FEB. 2/98
TOTAL GENERAL FUND 6,955450.QO
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 Feb 6/00
RBC * 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 March 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 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 Dec 15/02
RBC 25,125.57 5.95% 2025 34,613.00 Dec 15/02
WOOD GUNDV 715,539.24 3.70% 356 741,000.00 June 2/98
RBC 427,625.00 5.50% 1628 542,878.00 Dec 1/01
RBC * 250,000.00 3.00% 180 250,000.00 June 21/04
RBC 1,109,499.87 4.75% 817 1,230,317.00 Mar 1/00
RBC 1,109,500.90 5.05% 1213 1,307,911.00 Apr 1/01
WOOD GUNDV 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 Feb 9/98
RBC 2,577,616.00 4.15% 383 2,690,060.00 Sept 1/98
TOTAL RESERVE FUND 28903 515.44
ITOTAL INVESTMENTS 35,858,975.44 I
. Bond investment. I nterest paid on a quarterly basis.
816
DN:CASHPTE
PART .p
DECEMBER 1997
Total II Lot Levies II Development Charges I
Town I Region I C.H.E.C.
Kaitlin Group 15,393.00 7,308.00
L.16, C.l , Darlington
40Ml881
B/P#97.1106
Halminen Bldg Corp. 0.00 130,956.00
(1000690 Ontario Inc.)
L.30, C.2, Darlington
40Ml902
B/P#97.0859,1 068-1 083, 1 089
Andelwood Homes 10,262.00 21,924.00
L.34, C.3, Darlington
40M1893
B/P#97.1 064, 1095,1122
Schickedanz 35,917.00 39,900.00 4,403.00
L.9, C.l, Bowmanville
40Ml903
B/P#97.1 025-1 030
Green-Martin Holdings 318,561.50 433,426.00
L.17, C.l , Darlington
40Ml904
B/P#97.11 07 -111 0, 1112-1113
Ridge Pine Park 2,460.00
BFC, Darlington
Lots 134A,135,579,613
B/P#97.1142-1144,1180
Simkins Homes 0.00 13,300.00
L.33, C.2, Darlington
40M1876
B/P#97.1135-1136
Timberlane Dev. 20,524.00 13,300.00
(1070797 Ontario Inc.)
L.33, C.2, Darlington
40M1876
B/P#97.1135-1138
S.wood 5,131.00 1,643.00
L.28, C.6, Clarke
LD084/94
B/P#97.1036
TOTALS t074408.50 0.00 408 248.50 661 757.00 4 403.00
817
DN:CASHPTE
PART .p
DECEMBER 1997
CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND
Total Cash-in-Lieu of Parkland
0.00
CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES
Total Engineering and Inspection Fees Contributions
0.00
CONTRIBUTIONS - ROADS
Total Roads Contributions
0.00
818