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Home My WebLink AboutTR-95-98 " THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration Committee Date: December 7, 1998 File#: PIO.HO Res.#: GP P -l.A.;)-'~-I~--- Report #: TR-95-98 File #: By-Law #: Subject: CASH ACTIVITY REPORT - OCTOBER 1998 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-95-98 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 October 31, 1998, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of October 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 October 31, 1998 and the comparative information for the month ended October 31, 1997. Reviewed by: arie A. Marano, H.BSc.,AMCT, Treasurer. (J- ~ ~.-:; ~.... Franklin Wu, M.C.I.P.,R.P.P., Chief Administrative Officer. MM/NT/RB/hjl Attachments bll CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of OCTOBER 1 998 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: 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 FUNDRAISING COIW INFRASTRUCTURE GRANT NATURAL RESOURCES-PITS & QUARRIES SALE OF LAND SUBSIDIES: HAND I-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) PART "A" OCTOBER 1997 3,835,632 171,354 32,522 203,787 375,000 179,777 776,403 45,272 208,579 5,828,326 1,047,533 2,976,466 o 2,858,384 6,882,383 (1,054,057) BANK NET CASH BANK BALANCE PROVIDED BALANCE FINANCIAL POSITION: SEPT 30/98 (USED) OCT. 31/97 GENERAL FUND 5,701,376 2,183,794 3,104,709 RESERVE FUND 1,175,772 (577,884) 3,605,715 MUNICIPAL POOLED INVESTMENTS 37,017 2,343 26,860 INVESTMENTS (GENERAL + RESERVE FUND) 35680,468 510,630 42,010,950 TOTALS 42 594633 2 118 883 48 748234 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. NOTE B: No longer receive the Municipal Support Grant. ** September Tax Installment Deferred to October 1998. b "\ o z o I- !"j z 02 :s u u.. o >- I- :::i <( c.. Q z CXl ::lCIJo- :E:oo- u.l~- :I: '(jj li:; I-u..c u..~8 O:cO z><..... O~o i='Q-S ~ ~ g O's E c.. .5 ~ ~........ o g .... uu.E ~ u.l =:lr-.... ~g: u- o C'-l,<) o-oq- Lrl 1"1 00 0..... CXlr-.... 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E o U ~ lib t o :E 1"1 u.l I- o Z PART "C" 5T A TISTICAL INFORMATION FOR THE MONTH OF OCTOBER 1998 Tax Certificates 56 Number of Properties eligible for Tax Registration (see Note 1) 38 Accounts Payable Cheques Issued #25617 to #26245 629 Number of Births Registered 40 Number of Deaths Registered 20 Note 1: Only includes those properties whose arrears are greater than $10,000. This is estimated for the month of October to implementation of new tax software. ()LU INVESTMENTS OUTSTANDING AS AT OCTOBER 31, 1998 PART "D" FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE GENERAL FUND MTL 2,993,880.00 5.33% 14 3,000,000.00 Nav 12/98 MTL 1,990,200.00 5.20% 34 2,000,000.00 Dec 2/98 TOTAL GENERAL FUND .4.984080;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 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 18/00 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 Nav 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 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 Nav 14/98 RBC 933,400.00 5.20% 1827 1,202,670.00 Nav 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 OLl INVESTMENTS OUTSTANDING PART "D" AS AT OCTOBER 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 I 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 2,162,738.67 5.30% 90 2,191,316.45 Nov 9/98 RBC 20,558.85 5.20% 1310 24,645.00 Jan 9/02 WOOD 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 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 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 TOTAL INVESTMENTS * Bond investment. Interest paid on a semi-annual/annual basis bL2 DN:CASHPTE PART "En October, 1998 Development Charges Town Region C.H.E.C. KaltJin Homes 51,310.00 67,816.00 L. 1 7, Cl, Darlington 40MI907 B/P#98.0756, 0771,0799-804, B/P#98.0836-837 Simkins Homes 14,896.84 21,924.00 L. 30, C2, Darlington 40M1902 B/P#98.0767-0768 765400 Ontario Ltd. 25,655.00 36,540.00 L.34, C2, Darlington 40MI929 B/P#98.0790-794 Halminen Homes 9,766.14 14,616.00 L. 30, C2, Darlington 40M1902 B/P#98.0706, 0708 Fridel Ltd. 35,008.00 51,625.52 L. 31, C2, Darlington 40MI821 B/P#98.0246-0253 1 000690 Ontario Inc. 9,765.B4 14,616.00 L. 30, C2, Darlington 40M1902 B/P#98.0762, 0765 KaitJin Homes 90,813.09 130,956.00 L. 1 7, C 1, Darlington 40M1904 B/P#98.011 0-117,0717-720, B/P#98.0808-810 0842-845 C Witvoet 5,131.00 1,643.00 L.16, C3, Clarke B/P#98.0827 Ridge Pine Park 1,230.00 Lots 591,39 BFC, Darlington B/P#98.0896-B97 W.E. Roth Construction 76,120.50 99,750.00 L. 31, C2, Darlington 40M1928 B/P#98.0846-854 0867-872 D. Bortolazzo 1,643.00 40M1826 B/P#98.0688 1138330 Ontario Inc. 10,262.00 14,616.00 L. 34, C2, Darlington 40M1847 B/P#98.0783-784 1070797 Ontario Inc. 13,300.00 L.33, C2, Darlington 40MI876 8/P#98.0781-782 Halmlnen Homes 10,262.00 L.33, C2, Darlington 40M1876 B/P#98.0781-782 TOTALS 340,220.41 469,045.52 0.00 bL3 DN:CASHPTE PART "En October, 1998 CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND Sandford Acres Lot 31, C.2, Darlington LD174/98 1,750.00 Oceanfront Developments LD 179-182/98 4,000.00 Total Cash-in-Lieu of Parkland 5,750.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Halloway Holdings Ltd. 18T-87087 Front Ending Agreement - Stormwater Management System & Storm Sewer Oversizlng 16,822.43 Eiram Development Corp. 18T-89041 Front Ending Agreement - Mearns Avenue Storm Sewer Oversizing Work & Tributary Stormwater Management Works 14,018.69 Total Engineering and Inspection Fees Contributions 30,841.12 CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 bL4