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Home My WebLink AboutTR-73-98 . THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: Date: Report #: Subject: GENERAL PURPOSE AND ADMINISTRA nON COMMITTEE. .^ File # --r 10 . C-n OCTOBER 5,1998 Res. #(') OR -540 -9 <;;; IIt-B-9S File#: By-law # CASH ACTIVITY REPORT - JUNE 1998 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-73-98 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 CIa ring ton for the month ended June 30, 1998, is as shown on the attached schedule; and 3. THAT Part "A" ofthe expenditures for the month of June 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 June 30, 1998 and the comparative information for the month ended June 30, 1997. Reviewed by, Marie A. Marano, H.BSc.,A.M.C.T., Treasurer. ~ W.H. Stockwell, Chief Administrative Officer. MAMlNT /hjl Attachments 8ul CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of ~evenue and Expenditures for the Month of JUNE 1998 REVEl4UE RECEIVED FOR GEl4ERAL OPERATIl4G Al4D RESERVE FUl4D PUPOSES: TAX PAYMENTS RECEIVED MUNICIPAL SUPPORT GRANT PA YMENTS-IN-L1EU: GOV'T OF CANADA PIL MUNICIPAL TAX ASSISTANCE PIL ONTARIO HYDRO PIL CHEC HYDRO PIL MEMORIAL HOSPITAL PIL MINISTRY OF HOUSING PIL LCBO PIL REGION PIL ONTARIO HYDRO PROCEEDS COIW INFRASTRUCTURE GRANT NATURAL RESOURCES-PITS & QUARRIES SALE OF LAND SUBSIDIES: HANOI-TRANSIT DEVELOPMENT CHARGES-TOWN GENERAL INTEREST DEVELOPMENT CHARGES-REGION/PUC USE OF FUl4DS: PAYROLL REGION LEVY SCHOOL BOARD LEVIES GENERAL-INCLUDING CAPITAL EXP. l4n CASH PROVIDED (USED) PART "A" JUNE 1997 14,870,272 171,354 312,689 92,973 730,290 231,609 54,843 16,464,030 706,792 o 9,236,277 2,575,477 12,518,546 3,945,484 BANK NET CASH BANK BALANCE PROVIDED BALANCE FIl4Al4CIAL POSITIOl4: MAY 31/98 (USED) JUNE 30/97 GENERAL FUND 1,926,494 4,269,037 2,797,811 RESERVE FUND 2,333,426 (1,049,519) 3,537,135 MUNICIPAL POOLED INVESTMENTS 149,625 (121,955) 26,539 INVESTMENTS (GENERAL + RESERVE FUND) 41,583,419 (2,498,745) 45,264,835 TOTALS 45 992 964 598818 51626320 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. NOTE B: No longer receive the Municipal Support Grant. bu2 z o f- I.J Z Q2 <( ...J U u.. o >- !::: ...J ~ o Z :J~ I:.oClO uJ~o- ::r: 05:; 0- f-U- u.. ~ Q) o '" 5 z~:::' o~o -.....-5 f- 0 l:: ~ ~ 0 o os E c.. l:: Q) ~ o~ -5 o 0 ... UU~ PART "B" -or-.. OM r-..M v-o -0 LI'l ~ 0 Ov Mr-.. -LI'l e-l- -0 0- e-l uJr-.. -e-l V, -0, r-..ClO -oClO V C'!,. V zo- toO.... ........ -r-.. e-l' e-l' ClO' e-l' M' - M :Jo- LI'lr-.. - - VLI'l -0- -0 LI'l 0 Ve-l 0, - o-M e-l - 1"'""\- e-l' e-l' r-..' 0' - -0 V'l" f-" Z"o uJf- ~:9 <(1"'""\ c..Q ~ V'lQ uJuJ ~~ f-co f- V'lQ uJuJ ~Q uJQ ~<( uJ ...J CO >-ClO<( <(0-> ~o-- ...:.._uJ U uJ ~ RR O-V e-l-o r-..' -0' ClOe-l r-..- - uJ U z :s <( CO e-l0 LI'le-l LI'l- ~""N'" ClOr-.. V e-l' e-l0 LI'l ClO LI'l-o Lr).... 0...... ClOM V e-l' ~ uJ ~ uJ f- ~ ~ Q ~ Z >- <( f- ~ ifi~< ~~ifi :Jf-c.. u -- -0- ClOV v-o ......... 0..... r-..-o M- - ClOClO r-..-o LI'l-o ........ r:tJ' VLI'l -oe-l e-l' - V V e-l' M ClOO r-..V LI'lM ........ Lt).... Ve-l -oe-l e-l' ~ uJ ~ uJ f- ~ Q Z <( ~V'l~ >-uJ<( ~~ifi o-r-c.. LnM e-lo- Me-l r-..' -0' OV ~- o-e-l LI'lClO OM r:t:J...M.... r-..LI'l 0, - .... ClO e-l M M' M 0-0 LI'lM Or-.. rxJ'" 0.... r-..M 0, - .... f- V'l uJ ~ uJ f- ~ Q Z <( ~V'l~ >-uJ<( -o~Z g:f-~ -- LI'l-o -e-l ClO - V' -0' Oe-l -- - -oLl'l vo r-..O v'o' VLI'l ClOe-l e-l LI'l -0 M' -ov vo r-..e-l V' 0-' VM ClOe-l f- V'l uJ ~ uJ f- ~ Q Z <( ~ V'l ...J ~~~ Q~~ ~ c.. e-l o e-l ClO e-l 0' 0' 0- - M M -0 0-' M -0, .... - o - V' ClO r-.. r-..' o ClO ClO ClO M' 0- -0 r-..' ...J ~ o f- v;- Q ~ ~ CO ...J o o ::r: u V'l Q Z <( Z o I.J uJ ~ I.J ~ Q :J ...J U ~ I.J ~ Q Z ~ V'l f- :J o V'l uJ ~ f- Z uJ ~ ~ :J U u.. o f- Z uJ U ~ uJ c.. Q uJ ~ ...J V'l uJ ~ ...J ~ o f- ~ Q) ~~ C .V:; 0;:;; &. lO Q) u~ ffi ~ ... 0- ~-g :;:;~ bIl~ l:: ::l oE 0 0.::1 B B ~ Q)~ ::l Q) ~ U <( ffi ... ~~ c..:;:; B 0 .5 ~ Q) '" 0.::1 0;:;; ... t'll 0.0 l::~ o ~ ~ U ~ t'll l:: l:: Q) 0 ~ol!! ::1<( >< t:: t'll t'll f-c.. , -'" -0 0- V tt:!' 9 ~ o~ ",' ~ l:: ..2 ~ '" Q) ~ ::l U l:: .. .. .. uJ f- Q z bu3 PART "c" STATISTICAL INFORMATION FOR THE MONTH OF JUNE 1998 Payment Received - Taxes Refer to Note 1 Pre-Authorized Payments Tax Certificates 189 Number of Properties eligible for Tax 44 Registration (refer to Note 2) Account Payable Cheques Issued #23511 to #24001 491 Number of Births Registered Refer to Note 3 0 Number of Deaths Registered Refer to Note 3 0 Note 1: These statistics are not compiled by the new tax software Note 2: Only includes those properties whose arrears are greater than $10,000. This is estimated for the month of June due to implementation of new tax software. Note 3: Vital statistics will be included in the July 1998 figures, per the Clerk's Department. b\.)4 INVESTMENTS OUTSTANDING AS AT JUNE 30, 1998 PART "D" FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE GENERAL FUND MTL 2,986,740.00 4.91% 33 3,000,000.00 July 15/98 TD 2,963,370.00 4.96% 91 3,000,000.00 Aug 6/98 TOTAL GENERAL FUND ...""'...""'.,,""'... 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 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 344,317.03 7.90% 1135 436,064.00 July 13/98 RBC 2,063,810.92 7.95% 1688 2,937,391.00 Jan 1 3/00 RBC * 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 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 WOOD GUNDyl* 250,000.00 5.00% 2556 250,000.00 June 21/05 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 1,568,561.00 4.75% 350 1,640,000.00 Mar 4/99 WOOD GUNDY 500,000.00 5.22% 365 526,100.00 Apr 16/99 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 bu) INVESTMENTS OUTSTANDING PART "D" AS AT JUNE 30/ 1998 FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE RBC 25/125.57 5.95% 2025 34/613.00 Dee 1 5/02 RBC* 250/000.00 4.75% 1839 250/000.00 June 21/03 RBC 427/625.00 5.50% 1628 542/878.00 Dee 1/01 RBC * 250/000.00 5.25% 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 2/135/742.30 5.07% 90 2/162/738.67 Aug 10/98 RBC 2/577/616.00 4.15% 383 2/690/060.00 Sept 1/98 RBC 20/558.85 5.20% 1310 24/645.00 Jan 9/02 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 BNS 2/529/712.33 4.83% 30 2/539/754.94 Jul 13/98 WOOD GUNDY 528/412.46 5.34% 788 590/807.00 Aug 8/00 RBC 324/159.58 5.08% 592 350/974.00 Jan 31/00 MTL 1/073/666.00 5.03% 178 1/100/000.00 Nov 19/98 TOTAL RESERVE FUND TOTAL INVESTMENTS * Bond investment. Interest paid on a semi-annual/annual basis bLJ6 . DN:CASHPTE PART "E" Jun-98 Total Development Charges lot levies Town Region C.H.E.C. 1220582 Ontario Ltd. 19,531.68 - 19,531.68 - - L.30, C.2, Darlington 40M1902 B/P#98.0325-0328 Ridge Pine Park 5,035.50 - 4,920.00 115.50 - Lot 112, 122,245A,294,582,601, 716, Lot 723 BFC, Darlington B/P#98.0451-0453,0478-0480, B/P#0554-0555 K.Szmyr 6,774.00 - 5,131.00 1,643.00 - L.14, C.8, Darlington LD 14-17193 B/P#98.0352 Halminen Homes 6,774.00 - 5.131.00 1,643.00 - L.32, C.6, Clarke 10R-2633 B/P#98.0395 Veltri Group 39.900.00 - - 39,900.00 - L.12, C.2, Bowmanville 40M1886 B/P#98.0394-0401, 0433-0436 Simkins Homes 29,232.00 - - 29,232.00 - L.30, C.2. Darlington 40M 1902 B/P#98.0325-0328 VanHeuvelen Poultry Farm 6,774.00 - 5,131.00 1,643.00 - L.16, CA, Darlington LD27/93 B/P#98.0280 Andelwood Homes 24,878.00 - 10,262.00 14,616.00 - L.32, C.3, Darlington 40M1893 B/P#98.0416,0460 Kaitlin Group 26,600.00 - - 26,600.00 - L. 15, C.1, Darlington 40M1816 B/P#98.0155-0156, 0391-0392 Orchard Park Estates 53,456.08 - 53,456.08 - - L.12, C.2, Bowmanville 40M1852 B/P#98.0358-0366, 0368-0381 'ou7 . DN:CASHPTE PART "E" Jun-98 Development Charges Total lot levies Town Region C.H.E.C. Baywood Homes 234,241.65 - 62,176.65 158,872.00 13,193.00 L.12, C.2, Bowmanville 40M 1852 B/P#98.0358-0366,0368-0381 P.Bannister 13,068.00 - 5,131.00 7,308.00 629.00 LD244/97 B/P#98.0133 A.Pugllese 6,774.00 - 5,131.00 1,643.00 - L.20, C.1 0, Darlington B/P#98.0410 Kaitlin Group 24,269.36 - 9,653.36 14,616.00 - L.17, C.1, Darlington 40M1904 B/P#98.0427 -0428 Kaitlin Group 164,934.00 - 71,834.00 93,100.00 - L. 17, C.1, Darlington 40M1907 B/P#98.0437-0448,0498-0499 Schleiss & R.Holland 12,223.73 - 5,132.00 7,091.73 - L.34, C.3, Darlington 40M1854 B/P#98.00471 Halminen Homes 23,562.00 - 10,262.00 13,300.00 - LD 18/98 B/P#98.0399-0400 B.Hampton 12,439.00 - 5,131.00 7,308.00 - L.33, C.2, Darlington LD17I98 B/P#98.0398 S.Lucas 10,955.00 - 5,131.00 5,195.00 629.00 L.28, C.5, Clarke B/P#98.0224 G.Clark 6,774.00 - 5,131.00 1,643.00 - L.5, C.7, Darlington LD246/97 B/P#98.0458 TOTALS 728,196.00 0.00 288,275.77 425,469.23 14,451.00 bUS DN:CASHPTE PART "E" Jun-98 CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND Clinic Buildings Ltd. Courtice Health Centre DEV98-024 67,000.00 W.E. Roth Construction Ltd. L.31, C.2, Darlington 18T -89082 26,487.00 Ganaraska Properties Ltd. DEV97-087 6,098.00 Total Cash-in-Lieu of Parkland 99,585.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES W.E. Roth Construction Ltd. L.31, C.2, Darlington 18T-89082 27,593.16 Total Engineering and Inspection Fees Contributions 27,593.16 CONTRIBUTIONS. ROADS Total Roads Contributions 0.00 bu9