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Home My WebLink AboutTR-85-98 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration Committee Date: November 16, 1998 File #: Y 10 . CJ4 Res.#:G~A -(PD3--9<i?' Report #: TR-85-98 File #: By-Law #: Subject: CASH ACTIVITY REPORT - SEPTEMBER 1998 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-85-98 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 September 30, 1998, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of September 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 September 30, 1998 and the comparative information for the month ended September 30, 1997. ne . Marano, H.BSc.,AMCT, Acting Chief Administrative Officer. MM/NT/hjl Attachments blo CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of SEPTEMBER 1998 PART "A" SEPTEMBER SEPTEMBER 1998 1997 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED .. 803,185 8,002,335 MUNICIPAL SUPPORT GRANT 171,354 PAYMENTS-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 FUNDRAISING COIW INFRASTRUCTURE GRANT NATURAL RESOURCES-PITS & QUARRIES SALE OF LAND SUBSIDIES: HANDI- TRANSIT 17,033 DEVELOPMENT CHARGES-TOWN 214,832 430,497 GENERAL 614,068 731,372 INTEREST 454,579 141,734 DEVELOPMENT CHARGES-REGION/PUC 357,901 244,762 2,444,565 9,739,087 USE OF FUNDS: PAYROLL 761 ,448 679,855 REGION LEVY 0 2,976,466 SCHOOL BOARD LEVIES 953,849 8,881,697 GENERAL-INCLUDING CAPITAL EXP. 2,466,803 2,908,583 4,182,100 15,446,601 NET CASH PROVIDED (USED) (1,737,535) (5,707,514) BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: AUGUST 31/9E (USED) SEPT. 30/98 SEPT. 30/97 GENERAL FUND 2,522,298 3,179,078 5,701,376 1,811,032 RESERVE FUND 1,912,382 (736,610) 1,175,772 2,978,825 MUNICIPAL POOLED INVESTMENTS 33,340 3,676 37,017 26,746 INVESTMENTS (GENERAL + RESERVE FUND) 39,864,147 (4,183,679) 35,680,468 44,985,690 TOTALS 44,332,168 (1,737,535) 42,594,633 49,802,293 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 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(..) en .$!:l ,5 ro Q)....-Q) (..)0>0>- c: c: c: I- Q)'CQio ~ ~ ~'~ "O.$(ii.9 g>55Ja 'E .9 ~ ,:g :;::Q)wro o:J"Oo. -"O~E ~ ~ 'n; 8 "0 c: as Q) <(~1-2 1::&1l1- ~'C.9~ oCLi-lc: C:,::.....!.. 0 en d.. en 1l '00 c: 5l _rooo g~~e- o en (..) 15- "0 ~ -€l c: -E ro ~ ,Q Q)aoro E en ~ E >- ,- (ii .E ~<( > c: >< 1:: Q) I- roro.J::.O 1-0...1-u. en Q) "0 :J 13 c: ~ ~ ~ .. ..- N (") UJ UJUJ I- 1-1- o 00 Z zz PART "C" STATISTICAL INFORMATION FOR THE MONTH OF SEPTEMBER 1998 Tax Certificates 161 Number of Properties eligible for Tax Registration (see Note 1) 34 Accounts Payable Cheques Issued #25078 to #25500 and #25582 to #25616 458 Number of Births Registered 33 Number of Deaths Registered 33 Note 1: Only includes those properties whose arrears are greater than $10,000. This is estimated for the month of September to implementation of new tax software. Note 2: Change in number sequence of Accounts Payable Cheques due to Supplier printing problems. bi9 I~VESTMENTS OUTSTANDING AS AT SEPTEMBER 30,1998 PART "D" FINANGIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION GOST RATE O/S VALUE DATE GENERAL FUND MTL 2,982,300.00 5.70% 38 3,000,000.00 Oct. 26/98 MTL 1,491,150.00 5.70% 38 1,500,000.00 Oct. 26/98 TOTAL GENERAL FUND 4,473,450.00 RESERVE FUND RBG 34,731.25 7.20% 1,740 48,337.00 Aug 8/00 RBG 1,001,705.00 6.80% 1828 1,392,611.00 Mar 15/01 RBG 820,799.37 7.16% 1358 1,061,287.00 July 6/99 RBG 250,000.00 8.00% 184 350,000.00 Mar 1/00 RBG 61,000.00 9.00% 1460 82,960.00 May 1/99 RBG 999,999.48 7.70% 1718 1,417,032.00 Feb 6/00 RBG * 295,000.00 8.50% 3285 295,000.00 May 26/04 RBG 601,120.00 7.95% 1366 800,000.00 Feb 20/99 WOOD GUND' 435,075.29 5.20% 777 484,272.00 Aug 18/00 RBG 2,063,810.92 7.95% 1688 2,937,391.00 Jan 13/00 RBG * 514,000.00 7.75% 1825 514,000.00 June 8/00 RBG 234,787.20 7.30% 837 296,000.00 Nav 14/98 RBG 862,564.39 7.43% 1316 1,117,022.00 March 8/99 RBG 999,999.65 8.20% 1825 1,482,799.00 Aug 8/00 RBG 620,220.69 5.15% 1007 711,752.00 Apr 5/01 RBG * 475,000.00 8.58% 2761 475,000.00 Mar 17/03 RBG 999,999.76 6.20% 1,252 1,229,256.00 July 6/99 RBG 138,709.23 6.25% 1,637 182,057.00 Aug 1/00 RBG 99,999.64 7.10% 1,906 143,061.00 May 14/01 WOOD GUND' 250,000.00 5.00% 2556 250,000.00 June 21/05 RBG 40,397.70 7.20% 1578 54,562.00 Aug 8/00 RBG 299,628.50 5.30% 1396 365,000.00 Sept 1/00 RBG 180,862.43 5.63% 1549 228,160.00 Feb 1/01 RBG 573,533.32 4.01% 724 619,969.00 Nav 14/98 RBG 933,400.00 5.20% 1827 1,202,670.00 Nav 12/02 RBG 1,568,561.00 4.75% 350 1,640,000.00 Mar 4/99 WOOD GUND 500,000.00 5.22% 365 526,100.00 Apr 16/99 , beG I~VESTMENTS OUTSTANDING AS AT SEPTEMBER 30,1998 PART "D" I I FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY II INSTITUTION COST RATE O/S VALUE D RESERVE FUND RBC 58,4 79.40 5.95% 2032 80,639.00 Dee 15/02 RBC 25,125.57 5.95% 2025 34,613.00 Dee 15/02 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 GUND 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 20,558.85 5.20% 1310 24,645.00 Jan 9/02 WOOD GUND\ 402,102.80 4.82% 608 434,678.00 Dee 1/99 WOOD GUND' 171,793.70 4.82% 608 185,691.00 Dee 1/99 WOOD GUND\ 1,627,643.46 4.72% 333 1,696,876.00 Mar 1/99 WOOD GUND\ 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 RBC 898,314.97 5.00% 919 1,037,435.00 Mar. 8/01 RBC 2,160,071.68 5.70% 970 2,503,270.00 May 1/01 RBC 1,233,830.84 5.95% 1002 1,445,952.00 Jun 2/01 RBC 649,589.48 5.95% 1185 783,582.00 Dee 2/01 MTL 1,073,666.90 5.03% 178 1,100,000.00 Nov 19/98 TOTAL RESERVE FUND 31,207,018.95 TOTAL INVESTMENTS 35,680,468.95 . Bond investment. Interest paid on a semi-annual/annual basis bLl DN:CASHPTE PART "En September, 1998 Development Charges Town Region C.H.E.C. 1220582 Ontario Ltd. 97,658.40 L.30, C2, Darlington 40M1902 8/P#98.0287-297,402-405, B/P#98.062 7,664-66 7 10006900nt. Inc. (Liza Homes) 133,658.00 L.30, C2, Darlington 40M1902 B/P#98.0287-291, 402-405, B/P#98.0627,664-667 Andelwood Homes 10,262.00 14,616.00 L.32, C3, Darlington 40M1893 B/P#98.0712, 716 W.E.Roth 5,131.00 L.31, C2, Darlington 40M1928 B/P#98.0687 Kaitlin Homes 51,310.00 70,448.00 L. 1 7, C 1, Darlington 40M1907 B/P#98.0584, 695, 715, 726-728, B/P#98.0734-737 757 Ridge Pine Park 615.00 Lot 103 BFC, Darlington B/P#98.0788 Robinson Ridge Dev. 10,262.00 14,616.00 L.34, Cl, Darlington 40M1931 B/P#98.0648-649 Kaltlin Homes 10,262.00 13,300.00 L. 1 5, C 1, Darlington 40M1816 B/P#98.0680-681 Kaitlln Homes 14,480.04 21,924.00 L. 1 7, C 1, Darlington 40M1904 B/P#98.0729-730 755 Halminen Homes 14,648.76 21,924.00 L. 30, C2, Darlington 40M1902 B/P#98.0707 709-710 Baywood Homes 203.13 7,308.00 L. 12, C2, Bowmanville 40M1852 B/P#98.0739 NuBuild Construction 1,643.00 (David B.Thomas) L. 1 9, C 8, Darlington 40M1826 B/P#98.0769 Eiram Dev. Corp. 58,464.00 L.l0, C3, Bowmanville 40Ml776 B/P#98.0769 TOTALS 214,832.33 357,901.00 0.00 bL2 DN:CASHPTE PART "En September, 1998 CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND Storage Depot Inc. P.Lot 31, C.l, Darlington DEV97-017 7,304.00 A. Warbutton LD 150/98 908.58 Total Cash-in-Lieu of Parkland 8,212.58 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Green-Martin Holdings Pt. Lot 17, C.l, Darlington 18T-88047 9,076.60 Marianna Developments Scugog Street Subdivision 18T-88051 934.58 Royal Bank of Canada Ashdale Capital Corp. Front Ending Agreement - Bradshaw Street Urban Oversizing Work & Storm Sewer Overslzlng Work 18T-89013 & 18T88024 11,214.95 Total Engineering and Inspection Fees Contributions 21,226.13 CONTRIBUTIONS - ROADS H. Wurmitzer LD002/98 500.00 Mardave Construction Reconstruction of Hwy #2/Green Rd/Uptown Ave. Liquidated damages 91,220.00 IT otal Roads Contributions 91,720.00 0[3