HomeMy WebLinkAboutTR-74-98
THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meeting:
Date:
Report #:
Subject:
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
File# ~ ItJ .CA .
OCTOBER 5, 1998 Res. #c--") rA - 5<1 1- c; 'l(
TR-74-98 File #: By-law #
CASH ACTIVITY REPORT - JULY 1998
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-74-98 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 July 31, 1998, is as shown on the
attached schedule; and
3 . THAT Part" A" of the expenditures for the month of July 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 July 31, 1998 and the
comparative information for the month ended July 31, 1997.
Reviewed by,
. A. Marano, H.BSc.,A.M.C.T.,
Treasurer.
/--,1\./ \
W.H. Stockwell,
Chief Administrative Officer.
MAMINT /hjl
Attachments
810
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Analysis of Revenue and Expenditures
for the Month of JULY 1998
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED
MUNICIPAL SUPPORT GRANT
PA YMENTS-IN-L1EU:
GOV'T OF CANADA PIL
MUNICIPAL TAX ASSISTANCE PI L
ONTARIO HYDRO PIL
CHEC HYDRO PIL
MEMORIAL HOSPITAL PIL
MINISTRY OF HOUSING PIL
LCBO PIL
REGION PIL
ONTARIO HYDRO PROCEEDS
COURTICE COMMUNITY CENTRE FUND RAISING
COIW INFRASTRUCTURE GRANT
NATURAL RESOURCES-PITS & QUARRIES
SALE OF LAND
SUBSIDIES:
HANDI-TRANSIT
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)
FINANCIAL POSITION:
GENERAL FUND
RESERVE FUND
MUNICIPAL POOLED INVESTMENTS
INVESTMENTS (GENERAL + RESERVE FUND)
TOT AU
BANK
BALANCE
JUNE 30/98
6,195,531
1,283,906
27,670
39,084,674
46591 781
PART "A"
JULY
1997
3,787,647
171,354
375,000
50,000
17,033
142,781
965,069
119,864
205,511
5,834,259
690,752
2,183,028
2,873,780
2,960,479
NET CASH
PROVIDED
(USED)
2,152,503
4,064,354
1,601,562
46,768,379
54 586 798
NOTE A: Difference in comparison between years due to timing difference in receipt of funds.
NOTE B: No longer receive the Municipal Support Grant.
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PART "c"
ST A TISTICAL INFORMATION
FOR THE MONTH OF JULY 1998
Payment Received - Taxes Refer to Note 1
Pre-Authorized Payments
Tax Certificates 62
Number of Properties eligible for Tax 42
Registration (refer to Note 2)
Account Payable Cheques Issued
#24002 to #24620 619
Number of Births Registered Refer to Note 3 47
Number of Deaths Registered Refer to Note 3 48
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 July due to implementation of new tax
software.
Note 3:
These statistics cover both June and July 1998, per the Clerk's
Department.
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INV~STMENTS OUTSTANDING
AS AT JULY 31, 1998
PART "0"
FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY
INSTITUTION COST RATE O/S VALUE DATE
GENERAL FUND TO 3,470,810.00 4.87% 63 3,500,000.00 Sept 9/98
BNS 3,000,000.00 5.02 61.00 3,025,168.77 Sept 28/98
TO 2,963,370.00 4.96% 91 3,000,000.00 Aug 6/98
TOTAL GENERAL FUND ",,,;"Ah^""'"
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 435,075.29 5.20% 777 484,272.00 Aug 1 8/00
RBC 2,063,810.92 7.95% 1688 2,937,391.00 Jan 13/00
RBC .. 51 4,000.00 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 620,220.69 5.15% 1007 711,752.00 Apr 5/01
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 GUNDY 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
RBC 58,479.40 5.95% 2032 80,639.00 Dee 1 5/02
014
INVESTMENTS OUTSTANDING PART "D"
AS AT JULY 31,1998
FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY
INSTITUTION COST RATE O/S VALUE DATE
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
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 2/540,424.45 4.83% 30 2/550,509.59 Aug 12/98
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 1,073/666.90 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
01]
DN:CASHP;rE'
PART "E"
July, 1998
Development Charges
Total lot levies Town Region C.H.E.C.
Med-Tri Dev. (Veltri) 13,300.00 - - 13,300.00
L.12. C.2, Bowmanville
40M1886
B/P#98.0485-486
Carnovale Homes 24,878.00 - 10,262.00 14,616.00
L.34, C. 2, Darlington
40M1847
B/P#98.0466,0492
Andelwood Homes 12,439.00 - 5,131.00 7,308.00 -
L.34, C. 2, Darlington
40M1847
B/P#98.0490
1220582 Ontario Ltd. 9,765.84 - 9,765.84 -
L.30, C.2, Darlington
40M1902
B/P#98.0455,456
Halminen Homes 24,381.84 - 9,765.84 14,616.00
L.30, C.2, Darlington
40M1902
B/P#98.0551, 0553
Ridge Pine Park 1,230.00 - 1,230.00 -
L.ots 588,683
BFC, Darlington
B/P#98.0616,0617
Simkins Homes 14,616.00 - - 14,616.00 -
L.30, C.2, Darlington
40M1902
B/P#98.0455, 0456
Kaitlin Group 23,562.00 - 10,262.00 13,300.00 -
L.17, C.1, Darlington
40M1907
B/P#98.0602-603
Baywood Homes 73,532.70 - 29,858.70 39,900.00 3,774.00
L.12, C.2, Bowmanville
40M 1852
B/P#98.0509-0514
Green-Martin Holdings 12,134.68 - 4,826.68 7,308.00 -
L.17, C.1, Darlington
40M1904
B/P#98.00470
Green-Martin Holdings 12,439.00 - 5,131.00 7,308.00 -
L.17, C.1, Darlington
40M1907
B/P#98.00539
Storybook Homes 7,308.00 - 0.00 7,308.00 -
B/P#98.0610
C.Opydo 6,774.00 - 5,131.00 1,643.00 -
L.13, C.1, Clarke
B/P#98.0559
TOTALS 236,361.06 0.00 91,364.06 141,223.00 3,774.00
, I'
(jID
DN:CASHP1"E'
PART "E"
July, 1998
CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND
765400 Ontario Ltd.
18T-87041
45,000.00
Total Cash-In-Lieu of Parkland
45,000.00
CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES
765400 Ontario Ltd.
18T-87041
50,000.00
R. Carruthers
Front Ending Agreement - Stormwater
Management System & Storm Sewer
Oversizing
12,616.82
Macourtice Developments
Front Ending Agreement - Courtice Rd.
Storm Sewer Works & Black Creek East
Tributary Master Drainage Study
25,233.64
Gay Family Partnership
Black Creek Erosion Protection
6,486.34
Sheaffer, H.
Robinson Ridge
18T -89037
PI. L.34/35, C. 1, Darlington
46,951.60
Schickedanz Development
Front Ending Agreement - Mann Street
10,280.37
Royal Bank of Canada
Front Ending Agreement - Horban Water
Quality Facility
7,476.64
Total Engineering and Inspection Fees Contributions
159,045.41
CONTRIBUTIONS - ROADS
Gay Family Partnership
Black Creek Erosion Protection
1,396.04
Total Roads Contributions
1,396.04
b I 7