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Home My WebLink AboutTR-51-98 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: Date: Report #: Subject: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File # _FIO .CV4 " JUNE 22, 1998 Res. # ('J P A - 38'~ - 9F TR 51 9S File #: By-law # CASH ACTIVITY REPORT - APRIL 1998 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-51-98 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 April 30, 1998, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of April 1998, 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 April 30, 1998 and the comparative information for the month ended April 30, 1997. submitted, Reviewed by, arano, H.BSc.,A.M.C.T., ~ W.H. Stockwell, Chief Administrative Officer. MAM/KS/km Attachments 8 1 1 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the MOl1th of APRIL 1998 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 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" APRIL 1997 8,036,222 67,129 213,044 375,000 311,215 412,886 469,718 468,626 10,353,840 675,773 2,753,426 o 2,282,092 5,711,291 4,642,549 BANK NET CASH BANK BALANCE PROVIDED BALANCE FINANCIAL POSITION: MAR 31/98 (USED) APR 30/97 GENERAL FUND 6,862,112 947,980 4,694,742 RESERVE FUND 2,113,954 631,483 1,945,538 MUNICIPAL POOLED INVESTMENTS 24,695 1,394 23,332 INVESTMENTS (GENERAL + RESERVE FUND) 34,495,987 101,960 37,940,097 TOTALS 43 496 749 1682817 44603 709 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. 812 PART "B" 0--0 00 M C"lv 00 C"l U'l U'l o-C"l OM -Or-... 0 ::::!r-... r-...OO C"lC"l o-U'l 0--0 C"l Ot!.o- V'r-...' U'l' -0' U'l - -0' 0-' 00' ~ ~ c...o- -oC"l r-...- 00r-... vr-... -0 <- r-... 00C"l <<='i- 0, C"l -0 :z :z M' C"l' 0-' ~~ 00::- 0:-0:- ::0 V'l'" -v C"lM 1-'" U'lC"l -C"l 00 00 00 00 U'l :z "'. 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'" :z :z PART "C" STATISTICAL INFORMATION FOR THE MONTH OF APRIL, 1998 Payment Received - Taxes 10,526 Pre-authorized Payments 1,225 Tax Certificates 128 Number of Properties eligible for Tax Registration (see Note 1) 47 Accounts Payable Cheques Issued #22481 TO #23071 591 Number of Births Registered 42 Number of Deaths Registered 57 Note 1: Only includes those properties whose arrears are greater than $ 10,000. 814 INV~STMENTS OUTSTANDING AS AT APRIL 30, 1998 PART "D" I I FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE GENERAL FUND MTL 2,964,390.00 4.82% 91 3,000,000.00 June 12/98 TOTAL GENERAL FUND 2;964;390.00 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 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 GUNDY 344,316.13 7.90% 1135 436,064.00 July 1 3/98 RBC 2,063,810.92 7.95% 1688 2,937,391.00 Jan 13/00 RBC * 158,000.00 7.50% 1095 1 58,000.00 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 1,11 7,022.00 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 1 2/02 RBC 1,568,561.00 4.75% 350 1,640,000.00 Mar 4/99 WOOD GUNDY 500.000.00 5.22% 365 526.100.00 Aor 16/99 I II I I I I I I 815 INVESTMENTS OUTSTANDING AS A'" APRIL 30, 1998 PART "0" II I II',","~ CIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY UTION COST RATE O/S VALUE DATE GENERAL FUND RESERVE FUND RBC 58,479.40 5.95% 2032 80,639.00 Dee 1 5/02 RBC 25,125.57 5.95% 2025 34,613.00 Dee 1 5/02 WOOD GUNDY 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 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 GUNDY 869,000.00 5.06% 271 938,520.00 Nov 1/98 HONG KONG 2,109,706.21 4.95% 91 2,135,742.30 May 11/98 RBC 2,577,616.00 4.15% 383 2,690,060.00 Sept 1/98 BNS 2,500,000.00 4.82% 90 2,529,712.33 June 11/98 WOOD GUNDY 402,102.80 4.82% 608 434,678.00 Dee 1 /99 WOOD GUNDY 171,793.70 4.82% 608 185,691.00 Dee 1 /99 WOOD GUNDY 1,627,643.46 4.72% 333 1,696,876.00 Mar 1/99 TOTAL RESERVE FUND '71 ~"l'l 556.65 TOTAL INVESTMENTS 3~g~i.~:I ,. Bond investment. Interest paid on a semi-annual/annual basis 816 DN:CASHPTE PART "E" APRIL 1998 I II Totalll Lot Levies I Development ~harges Town Reaion C.H.E.C. 1 220582 Ontario Ltd. aan nn - 4,882.92 - - L.30, C.2, Darlington 40M1902 BIP#98.0093 Kaitlin Group ....&001.... - 149,973.53 200,018.00 - L.17, C.1 , Darlington 40M1904,40M1907 BIP#98.0089-0091, 130-132, 145, B/P#98.0203, 211,225-226,230-238 R.Lamont ~,' - 5,131.00 1 ,643.00 - L.33, C.8, Clarke BIP#98.0081 Andelwood Homes """7"nn - 1 0,262.00 14,616.00 - L.34, C.2, Darlington 40M1847 B/P#98.0147,202 Ridge Pine Park I ,2$0.00 - 1 ,230.00 - - BFC, Darlington Lot 292,748 B/P#98.0274-0275 Green Martin Holdings 10"""7'> - 19,306.72 - - .~...' L.17, C.1, Darlington 40M1904 BIP#97.0918, 98.0118, 122, 213 Halminen Homes 53.646.60 - 24,414.60 29,232.00 - (1 220582 Ontario Ltd.) L.30, C.2, Darlington 40M1902 B/P#98.0134-137,214 BCR Construction 1,643.00 - - 1 ,643.00 - L.26, C.6, Darlington 40M1897 B/P#98.0142 Devon Downs Dev. .,.. "7"nn - 1 0,262.00 14,616.00 - L.31 , C.3, Darlington 40M1880 B/P#98.0083-0084 1276493 Ontario Inc. "1~1nn - 5,131.00 - - L.9, C.2, Clarke B/P#98.0205 S.Linkie - 5,131.00 1 ,643.00 - L.20, C.1 0, Darlington 1 OR550 B/P#98.0204 Baywood Homes - 126,623.05 152,950.00 - L.12, C.2, Bowmanville 40M1852 B/P#98,0172-0194 1138330 Ontario Inc. - 5,131.00 7,308.00 - (Carnovale Homes) L.34, C.2, Darlington 40M1847 B/P#98,0278 Simkins Homes ""T ."". nn - - 7,308.00 - "................... L.30, C.2, Darlington 40M1902 B/P#98.0214 TOTALS 70"......"., 0.00 367 478.82 430 977.00 0.00 817 . DN:CASHPTE PART 'E' APRIL 1998 CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND M.Tomina L.26. C.2. Darlington DEV93-002 935.00 Total Cash-in-Lieu of Parkland 935.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Region of Durham Local storm sewer fees 4.212.00 Total Engineering and Inspection Fees Contributions 4.212.00 CONTRIBUTIONS - ROADS Hamilton & Mutton 10M831 Channel works 49.725.00 Total Roads Contributions 49.725.00 8 8