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HomeMy WebLinkAboutTR-79-98 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration Committee File #:r lb. c....1C1 Res.#:G91t- 5(rJ~-CJ7 Date: October 19, 1998 Report #: TR-79-98 File #: By-Law #: Subject: CASH ACTIVITY REPORT - AUGUST 1998 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-79-98 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 August 31, 1998, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of August 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 August 31, 1998 and the comparative information for the month ended August 31, 1997. Respectfully submitted, /1 // ~ ~ Marie A. aran Treasurer. . . tockwell, Chief Administrative Officer. MM/NT/hjl Attachments 812 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the I'lIonth of AUGUST 1998 REVE"NUE RECEIVED FOR GE"NERAL OPERATI"NG A"ND RESERVE FU"ND 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 BELL TELEPHONE PIL LCBO PIL REGION PIL ONTARIO HYDRO PROCEEDS COURTICE COMMUNITY CENTRE FUND RAISING COIW INFRASTRUCTURE GRANT NATURAL RESOURCES-PITS & QUARRIES SALE OF LAND SUBSIDIES: HANOI-TRANSIT DEVELOPMENT CHARGES-TOWN GENERAL INTEREST DEVELOPMENT CHARGES-REGION/PUC USE OF FU"NDS: PAYROLL REGION LEVY SCHOOL BOARD LEVIES GENERAL-INCLUDING CAPITAL EXP. "NET CASH PROVIDED (USED) FI"NA"NCIAL POSITIO"N: GENERAL FUND RESERVE FUND MUNICIPAL POOLED INVESTMENTS INVESTMENTS (GENERAL + RESERVE FUND) TOTALS BANK BALANCE JULY 31/98 1,029,918 1,368,124 31,023 42,790,436 45219501 PART "A" AUGUST 1997 1,529,700 171,354 1,079,529 27,595 203,787 50,000 103,235 470,310 79,036 1 50,697 3,865,243 681,543 2,260,693 2,942,236 923,007 NET CASH PROVIDED (USED) NOTE A: Difference in comparison between years due to timing difference in receipt of funds. NOTE B: No longer receive the Municipal Support Grant. bl3 BANK BALANCE AUGUST 31/97 4,154,859 5,345,211 601,559 45,408,178 55509807 ;z o I- I.J ;z Q2 ~ u u.. o >- !:: ...J ~ o ;z :::::IQlCO 1::00. uJ",o. ......~ .... ..... QI .... I- U '" u.. ~ 61 o '" ::J ;z~~ 0;:0 -.....-5 ~ 0 e: C12~0 O.s E ~.g .s OS.... uu.E ~ PART "B" r--.r--. -0 CO MCO COM 0 LI'I 0 I- C"-lo. .... M oq-.... COo. C"-l 0. LI'I VIr--. oq-o. oq-C"-l OLl'l -ooq- CO ~ LI'I :::::10. 0..... <<J" 0..... CO'" oq-' CO' -0' r--.' 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NM uJ uJuJ I- 1-1- o 00 ;z ;z;z , -'" -0 0. oq- tJ::' o ~ .~ , '" ~ e: .a QI .... '" QI ~ ::J "i:i of: 1C 1C 1C b 4 PART "C" STATISTICAL INFORMATION FOR THE MONTH OF AUGUST 1998 Tax Certificates 274 Number of Properties eligible for Tax 34 Registration (refer to Note 1) Account Payable Cheques Issued #24621 to #25077 457 Number of Births Registered 41 Number of Deaths Registered 44 Note 1: Only includes those properties whose arrears are greater than $10,000. This is estimated for the month of August to implementation of new tax software. oi5 INVESTMENTS OUTSTANDING AS AT AUGUST 31,1998 PART "D" I I FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE GENERAL FUND TD 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 TOTAL GENERAL FUND 6470llUPlOO 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 * 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 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 bl6 INVESTMENTS OUTSTANDING PART "D" AS AT AUGUST 31, 1998 I 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 34,61 3.00 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 /0 1 WOOD GUNDY 869,000.00 5.06% 271 938,520.00 Nov 1/98 HONG KONG 2,162,738.67 5.30% 90 2,191,316.45 Nov 9/98 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 2,550,509.59 4.91% 30 2,560,802.47 Sept 11/98 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 bl7 DN:CASHPTE PART "E" August, 1998 Development Charges Town Region C.H.E.C. R. V anleyden 5,131.00 1,643.00 40R-18024 B/P#98.0567 Ridge Pine Park 3,075.00 Lots 233, 295, 689, 772, 785 BFC, Darlington B/P#98.0676-678 Veltri Group 49,059.00 66,500.00 5,661.00 L.12, C. 2, Bowmanville 40M1886 B/P#98.0572-579, 580-581 A. Veenstra 5,131.00 1,643.00 L.18, C.5, Darlington B/P#98.0588 Simkins Homes 7,308.00 L.30, C.2, Darlington 40M 1902 B/P#98.0624 Halminen Homes 14,648.88 21,924.00 L.30, C.2, Darlington 40M 1902 B/P#98.0618-619,625 1220582 Ontario Ltd. 4,882.80 L.30, C.2, Darlington 40M1902 B/P#98.0624 T.Taccogna 5,131.00 1,643.00 L.5, C.3, Clarke B/P#98.0663 Baywood Homes 129,388.03 178,164.00 16,354.00 L. 12, C.2, Bowmanville 40M1852 B/P#98.0500, 502-508, 515-532 R.Crabb 5,131.00 1,643.00 L.5, C.7, Darlington 40R-17961 B/P#98.0604 Veenstra Construction 5,131.00 1,643.00 629.00 L. II, BFC, Bowmanville B/P#98.0587 290572 Ontario Ltd. 48,136.00 73,150.00 L.29, C.2, Darlington 40M 1815 B/P#98.0650-660 TOTALS 274,844.71 355,261.00 22,644.00 1 \_J ,>', n DN:CASHPTE PART "E" August, 1998 CONTRIBUTIONS - CASH.IN-L1EU OF PARKLAND Newcastle IGA P.Lot 2, C.l, Clarke DEV98-015 6,970.00 Total Cash-in-Lieu of Parkland 6,970.00 CONTRIBUTIONS. ENGINEERING AND INSPECTION FEES Royal Bank of Canada Front Ending Agreement - Willowbrook Gardens & Mearns I Storm Sewer Oversizing Works 8,411.21 Region of Durham Storm Sewer Fees 18T-88047 1,785.60 Total Engineering and Inspection Fees Contributions 10,196.81 CONTRIBUTIONS - ROADS Hamilton & Mutton 82,671.00 Future Channelization 10M831 Total Roads Contributions 82,671.00 b 9