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Report
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Report To: General Government Committee
Date of Meeting: May 27, 2019
Report Number: FND-016-19 Resolution: GG -363-19
File Number: By-law Number:
Report Subject: 2018 Annual Statement for Cash In Lieu of Parkland Reserve Fund
Recommendation:
That Report FND-016-19 be received for information.
Municipality of Clarington
Report FND-016-19
Report Overview
Page 2
This report complies with amendments to the Planning Act, 1990 which became effective in
2016. The Smart Growth for Our Communities Act, 2015 requires reporting on Section 37
(Increased Density) and Section 42 (Conveyance of land for park purposes). This report
discloses the annual activity in the Parkland Cash -in -Lieu Reserve Fund for 2018. There is
nothing to report for increased density funds at this time.
1. Background
1.1 In accordance with Section 37 (Increased Density) and Section 42 (Cash -in -Lieu of
Parkland) of the Planning Act the Treasurer must provide a financial statement including
opening and closing balances to Council relating to cash -in -lieu of parkland monies and
increased density funding. This statement must be made available to the public.
2. Section 42 (Conveyance of land for park purposes)
2.1 Under section 42 of the Planning Act, a municipality may require, as a condition of
development, that land be conveyed to the municipality for park or other public
recreational purposes. In certain circumstances, Council may require a payment in lieu of
land dedication, to the value of the land otherwise required to be conveyed.
2.2 These funds must be held in a special account (Reserve Fund), allocated interest and
spent only for the acquisition of land to be used for park or other recreational purposes
including the erection, improvement or repair of buildings and the acquisition of
machinery, particular to park purposes.
2.3 Attachment #1 details the Statement of the Treasurer, in compliance with the Act.
3. Section 37 (Increased Density)
3.1 Clarington does not currently have a program set up for Section 37; therefore an annual
statement is not required. The Official Plan has a section on "community benefits"
(Section 37) but Clarington does not have a market that would make this provision useful
at this time. The Official Plan provision is in place to allow Clarington to consider this
opportunity in the future. As a result, there is no Statement of the Treasurer required.
3.2 Proposed changes under Bill 108 may result in certain items which are currently
recovered under development charges (parks, libraries, arts, recreation facilities) to be
charged through a Community Benefit Charge. At the date of writing, the financial impact
is not determinable as significant details on this charge are pending regulations which are
not publicly available.
Municipality of Clarington Page 3
Resort FND-016-19
4. Concurrence
4.1 Not Applicable
5. Conclusion
5.1 It is respectfully recommended that this report, as required by Section 42 of the Planning
Act, 1990 be received for information and be made available to the public by posting on
the Municipality's website.
6. Strategic Plan Application
6.1 Not applicable
Submitted by: `
Trevor Pinn, B.Com, CPA, CA,
Director of Finance/Treasurer
Reviewed y:
Andrew C. Allison, B. Comm, LLB
CAO
Staff Contact: Paul Creamer, CPA, CMA, Deputy Treasurer, 905-623-3379 ext. 2604 or
pereamer@clarington.net
Attachment 1 — Cash -in -lieu of Parkland Reserve Fund for the year ended December 31, 2018
There are no interested parties to be notified of Council's decision.
Attachment 1 to
Report FND-016-19
Municipality of Clarington
Cash -in -lieu of Parkland Reserve Fund
For the Year Ended December 31, 2018
Parkland R/F
(504)
Balance as of December 31, 2017
$(2,198,198)
Plus:
Cash -in -lieu Collected in 2018
2018 Reserve Fund Interest
(370,991)
(71,185)
Subtotal
(442,176)
Closing Balance as of December 31, 2018
2,640,373
Committed Amounts from Prior Years
-
Available at December 31, 2018
$(2,640,373)