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HomeMy WebLinkAboutFND-022-19Clarftwn Staff Report If this information is required in an alte nate accessible fo mat, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: Joint Committees Report Number: FND-022-19 Date of Meeting: September 9, 2019 By-law Number: Submitted By: Trevor Pinn, Director of Finance/Treasurer Resolution#: TC-110-19 Reviewed By: Andrew C. Allison, CAO File Number: Report Subject: Financial Update as at June 30, 2019 Recommendation: 1. That Report FND-022-19 be received for information. Page 311 Municipality of Clarington Report FND-022-19 Report Overview Page 2 The purpose of this report is to update Council on the overall budget variances as of June 30, 2019 as well as other financial indicators such as taxes receivable, reserve fund investments, debt and development charges collected. Also included is a summary of Council's discretionary expenses. The Council expenses is for information only and is not the annual reporting of Council remuneration as required under the Municipal Act, 2001. 1. Background 1.1. The financial update has been designed to focus on overall budget variances. The reporting has been expanded to show the sub -department budget to actual variances. As per report FND-005-19 Council discretionary expenses are now included in this report. 2. Second Quarter of 2019 Financial Results Operating Budget to Actual Variances 2.1. Attachment 1, Summary of Operating Expenditures and Revenues, compares the Municipality's budget to actual posted expenditures and revenues as of June 30, 2019. This statement reflects the Municipality's operating budget only and excludes the year to date expenditures of the library, museum, BIAs and consolidated hall boards. Year to date expenditures as of June 30, 2019 totalled $48,787,684 which represents 98.5% of the second quarter budget. Year to date revenues totalled $65,854,229 which represents 99.9% of the second quarter budget. Overall the operating budget is on target. 2.2. Attachment 1 is intended to provide an indication of the status of the Municipality's operating accounts as of June 30, 2019 compared to the approved budget. There are some seasonal trends for many activities, however there can still be some timing fluctuations from year to year and quarter to quarter. To best capture the trends, the budget is allocated on a monthly basis based on the prior year's actual monthly distribution. In cases where there is no prior history, the monthly allocation is divided equally over the twelve months. Due to these timing differences that occur throughout the accounts, this statement cannot be used in isolation, nor can it be extrapolated to predict the whole year's activities. Monthly trial balances are sent to each department for regular review. This report has been expanded to show the variances at a sub - department level. Certain sub -departments have been combined where the results are nominal overall. Revenues and expenditures that have a variance above or below budget that are noteworthy are discussed in this report. Municipality of Clarington Report FND-022-19 Page 3 2.3. In the Clerk's department, the revenues are higher than budgeted due to the parking fines and meter revenues. All of these revenues have a corresponding expense under Parking which transfers these funds to the Parking Lot Reserve Fund. The Parking Lot Reserve Fund is used to fund the parking enforcement division activities each year. 2.4. Emergency Services revenues are higher due to revenues from Ontario Power Generation under the Memorandum of Understanding with the Municipality. 2.5. There has been a slowdown in housing starts and development. This is apparent by the drastic decline in development charges collected as shown on Attachment 4. Similarly with building permit revenues, there has been a decline when compared to the previous year. As of June 2019 building permit revenue was $1,062,972 (62.2% of total 2019 budgeted amount) compared to $2,269,184 for the same period last year. This shows a 53% drop in building permits. Administration revenues are higher due to inspection fees and increase in Municipal consent permit fees. Note that engineering inspection and review fees are not budgeted. There is a corresponding expense which transfers these inspection and review fees to the Engineering and Inspection Fees Reserve Fund under the sub -department Administration. During the budget deliberations the Engineering and Inspection Fees Reserve Fund is utilized to offset the tax levy requirements. 2.6. Operations revenues and expenditures have some variances due to the timing of work done and purchases. While there are some seasonal trends, they are not always consistent year to year due to external pressures such as weather. As the year progresses there is some levelling of the variances. Revenues under Administration include sports field rentals and work for others. Work for others is road maintenance that the Municipality does on Regional roads and unassumed subdivisions that is recovered through invoicing. Recycling and green bins are sold as a service to residents on a cost recovery basis. Winter control costs continue to put pressure on the budget. The higher costs are mitigated by lower expenditures in other areas. Due to the requirement under the Minimum Maintenance Standards and the variable weather, winter control costs are difficult to predict. At the end of June 2019, flooding has caused some additional costs of approximately $43,700 under Road Maintenance. These costs will increase over the third quarter. The Fleet sub -department is set up as a cost recovery allocation which is used to allocate the equipment costs to the work areas. 2.7. Under Planning there is a sub -department Development Review. In this sub - department are the secondary plan reviews and sub -watershed studies. These are set up as a cost recovery so there are corresponding expense accounts. The direct costs will be offset by the revenues. Municipality of Clarington Report FND-022-19 Page 4 Municipal Property Taxes 2.8. Attachment 2, Continuity of Taxes Receivable as of June 30, 2019, provides the status of the taxes billed and collected by the Municipality during the second quarter. A total of $43,806,587 in interim tax bills and $39,470,466 in final tax bills were issued to property owners during the second quarter. At the end of June 2019, a total of $13,029,198 remains unpaid compared to June 2018 taxes receivable of $12,266,054. The net balance is $763,144 higher or 6.2% higher than the previous year. Overall taxes receivable are stable. Regular collections continue to manage the balance of the taxes receivable. Debentures 2.9. Attachment 3, Debenture Repayment Schedule provides the status of the Municipality's long term debt obligations as of January 1, 2019. In 2019, the debt repayment obligations are $2,841,958. The annual principal and interest payments required to service these liabilities remain well below the annual debt repayment limits prescribed by the Ministry of Municipal Affairs and Housing. Municipal Development Charges 2.10. Attachment 4, Municipal development charges as of June 30, 2019, provides the municipal development charges collected grouped into residential and non-residential. As of June 30, 2019 residential municipal development charges collected are $1,136,772. In the 2015 Development Charges Background Study, it was forecasted that the Municipality would be collecting approximately 805 in total for 2019 or about 402 units for half a year. Development charges have been collected for 75 units. At the end of June 2019 there was an 83.6% decrease in development charges collected and an 81.8% decrease in the number of units compared to June 2018. The development charges continue to be significantly lower in 2019 when compared to prior years. 2.11. As of June 30, 2019 there has been $255,299 in non-residential development charges collected. Non-residential development charges are based on the building floor area rather than a total building unit cost. There are fluctuations quarter to quarter as well as year to year in non-residential development charges. 2.12. In the 2015 Development Charges By-law 2015-035, there are a number of incentives to encourage development in Clarington, mainly relating to multi -residential, commercial and industrial development. There have been no new incentives given in 2019. Since July 2015, there has been a total of $1,555,276.71 in development charge incentives given to 15 properties. Between residential and non-residential the split is approximately 37% and 63% respectively. Note that incentives are required to be covered by the Municipality's tax base. Municipality of Clarington Page 5 Report FND-022-19 Council Expenses 2.13. Attachment 5, Council Expenses as of June 30, 2019, summarizes Council expenses at the end of the second quarter. Only discretionary expenses such as event tickets, conferences, educations courses and external kilometre reimbursement are included in this report. This report only includes transactions posted in the first half of the year. As of June 30, 2019 at total of $11,397.86 in discretionary expenses have been paid to Council. Salary, tax free allowance, OMERS equivalent, severance pay and travel allowance as per By-law 2011-005 are not included in the totals. Investments 2.14. The quarterly financial update provides an overview of investments. As of June 30, 2019 the Municipality is compliant with its current Investment Policy. Note that as per the Investment Policy the operating bank account is not included in the following tables. Staff are continuing preparations for Prudent Investor in conjunction with the ONE Investment and other founding municipalities as directed by Council. Prudent Investor will provide the opportunity for greater flexibility, diversification and possibility of greater returns on the Municipality's investments. 2.15. As per the Investment Policy, the terms or length of investments been set to ensure liquidity and to minimize interest rate risk. Table 1 shows the term of the investments as of June 30, 2019. Table 1 Term of Investments 1 Total Funds % of Total Minimum Range Maximum Range 90 Days $ 54,997,797 47.1 % 20% 100% 90 Days to 1 Year 7,527,167 6.4% 53.6% 30% 100% 1 to 5 Years 51,495,849 44.1 % 0% 85% 5 to 10 Years 2,388,000 2.0% 0% 50% 10 to 20 Years 299,454 0.3% 0% 30% $ 116,708,267 100.0% Municipality of Clarington Report FND-022-19 Page 6 2.16. The Investment Policy also sets out the types of investments to create a diversified portfolio. Table 2 shows the types of investments held by the Municipality as of June 30, 2019. Table 2 Type of Investments 1 Total Funds % of Total Minimum Range Maximum Range HISA $ 46,488,648 39.8% 0% 100% Federal Debt - 0.0% 0% 100% Provincial Debt 2,369,686 2.0% 0% 80% Municipal Debt 299,454 0.3% 0% 35% Financial Institutions 62,918,352 53.9% 0% 60% Corporate Debt (non -financial) - 0.0% 0% 10% ONE Investment Pools 4,632,127 4.0% 0% 25% $ 116,708,267 100.0% 3. Concurrence Not Applicable. 4. Conclusion It is respectfully recommended that the second quarter of 2019 financial update report be received for information. Staff Contact: Catherine Carr, Manager of Internal Audit, 905-623-3379 ext. 2606 or ccarr@clarington.net Attachments: Attachment 1 — Summary of Operating Revenues and Expenses Attachment 2 — Continuity of Taxes Receivable Attachment 3 — Debenture Repayment Schedule Attachment 4 — Municipal Development Charges Attachment 5 — Council Expenses Interested Parties: There are no interested parties to be notified of Council's decision. The Municipality of Clarington Summary of Operatinq Expenditures and Revenues for the Slx Months Endinq June 30, 2019 05 Non -departmental Accounts Municipal Taxation Grants Fees/Service Charges/Fines/Other Investment Income Contributions Taxation/Revenue/Contributions 59 BIA Taxation BIA Taxes BIA Payments Net Expenditures 10 Mayor and Council Mayor's Office Councillors' Office Net Expenditures 13 Administrator's Office Administration Communications Tourism Port Granby Revenues/Recoveries Administration Communications Tourism Port Granby Expenditures Net Expenditures 14 Legal Administration Revenues/Recoveries Expenditures Net Expenditures Attachment 1 to Reaort FND-022-19 2019 Qtr 2 2019 Qtr 2 2019 Qtr 2 2019 Qtr 2 % 2018 Qtr 2 2018 Qtr 2 2018 Qtr 2 2019 Total 2019 % of Budget YTD Actual YTD Unexpended Expended Budget YTD Actual YTD Unexpended Budget budget spent (54,667,545) (54,286,493) (381,052) 99.3% (55,749,025) (55,999,029) 250,004 (65,750,542) 82.6% - (101,911) 101,911 - (84,330) 84,330 - (40,316) (36,212) (4,104) 89.8% (70,866) (92,730) 21,864 (462,563) 7.8% (1,129,500) (1,345,049) 215,549 119.1 % (1,013,633) (1,266,375) 252,742 (1,619,200) 83.1 % (4,811,301) (4,009,991) (801,310) 83.3% (5,762,273) (5,534,781) (227,492) (4,846,301) 82.7% (60,648,662) (59,779,656) (869,006) 98.6% 62,595,797 62,977,245 381,448 72,678,606 82.3% - - - - - - (215,200) 0.0% 215,200 215,200 - 100.0% 211,820 211,820 - 215,200 100.0% 215,200 215,200 - 100.0% 211,820 211,820 - - 224,065 219,756 4,309 98.1 % 233,704 233,289 415 442,540 49.7% 258,856 275,111 (16,255) 106.3% 264,364 260,138 4,226 501,942 54.8% 482,921 494,867 (11,946) 102.5% 498,068 493,427 4,641 944,482 52.4% - - - (1,627) - (1,627) - (36,384) (27,280) (9,104) 75.0% (56,185) (35,219) (20,966) (45,000) 60.6% (30,007) (22,080) (7,927) 73.6% (14,820) (30,440) 15,620 (30,500) 72.4% (23,875) (21,231) (2,644) 88.9% (46,565) (29,206) (17,359) (83,500) 25.4% (90,266) (70,591) (19,675) 78.2% (119,197) (94,865) (24,332) (159,000) 44.4% 639,837 658,942 (19,105) 103.0% 578,254 579,539 (1,285) 1,014,347 65.0% 437,845 413,418 24,427 94.4% 393,460 415,800 (22,340) 861,013 48.0% 192,059 143,149 48,910 74.5% 174,166 164,417 9,749 337,556 42.4% 30,798 25,457 5,341 82.7% 31,440 32,194 (754) 83,500 30.5% 1,300,539 1,240,966 59,573 95.4% 1,177,320 1,191,950 (14,630) 2,296,416 54.0% 1.210.273 1.170.375 39.898 96.7% 1.058.123 1.097.085 (38.962) 2.137.416 54.8% (77,197) 250,897 (58,976) 212,853 (18,221) 38,044 76.4% 84.8% (44,468) 265,773 (38,620) 266,214 (5,848) (441) (160,000) 543,261 36.9% 39.2% 173,700 153,877 19,823 88.6% 221,305 227.594 (6,289) 383.261 40.1 % The Municipality of Clarington Summary of Operatinq Expenditures and Revenues for the Slx Months Endinq June 30, 2019 16 Corporate Services Revenue/Recoveries Administration Human Resources/Payroll Information Technology Purchasing Health & Safety Expenditures Net Expenditures 19 Clerk's Administration Animal Services Municipal Law Enforcement Parking Enforcement Election Wildlife Damage Grants (from Province) Cemetery Revenues/Recoveries Administration Animal Services Municipal Law Enforcement Parking Enforcement Election Cemetery Fleet Expenditures Net Expenditures 21 Finance & Unclassified Administration Revenues/Recoveries Finance Administration Unclassified Administration Expenditures Net Expenditures Attachment 1 to Reaort FND-022-19 2019 Qtr 2 2019 Qtr 2 2019 Qtr 2 2019 Qtr 2 % 2018 Qtr 2 2018 Qtr 2 2018 Qtr 2 2019 Total 2019 % of Budget YTD Actual YTD Unexpended Expended Budget YTD Actual YTD Unexpended Budget budget spent (736) (201) (535) 27.3% (8,000) (143,611) 135,611 (12,000) 1.7% 98,394 100,888 (2,494) 102.5% 92,383 97,930 (5,547) 217,400 46.4% 1,073,644 1,039,181 34,463 96.8% 1,062,716 1,041,449 21,267 1,745,067 59.5% 1,148,400 1,150,034 (1,634) 100.1 % 1,379,449 1,301,788 77,661 1,905,848 60.3% 314,674 309,459 5,215 98.3% 303,284 336,388 (33,104) 617,649 50.1% 3,472 4,126 (654) 118.8% 7,963 3,534 4,429 13,775 30.0% 2,638,584 2,603,688 34,896 98.7% 2,845,795 2,781,089 64,706 4,499,739 57.9% 2,637,848 2,603,487 34,361 98.7% 2,837 795 2,637,478 200,317 4,487,739 58.0% (68,941) (56,925) (12,016) 82.6% (63,771) (62,128) (1,643) (123,000) 46.3% (49,704) (49,316) (388) 99.2% (36,738) (42,510) 5,772 (77,800) 63.4% (22,860) (49,374) 26,514 216.0% (20,539) (61,653) 41,114 (38,000) 129.9% (100,672) (233,996) 133,324 232.4% (131,960) (155,723) 23,763 (280,000) 83.6% - 529 (529.00) - (1,700) 1,700 (9,472) (6,218) (3,254) 65.6% (12,915) (7,465) (5,450) (22,000) 28.3% (82,329) (66,900) (15,429) 81.3% (68,537) (94,955) 26,418 (140,100) 47.8% (333,978) (462,200) 128,222 138.4% (334,460) (426,134) 91,674 (680,900) 67.9% 630,000 598,908 31,092 95.1 % 617,257 651,909 (34,652) 1,250,204 47.9% 309,021 322,212 (13,191) 104.3% 342,901 330,712 12,189 636,760 50.6% 403,864 269,956 133,908 66.8% 411,927 314,827 97,100 802,648 33.6% 322,464 421,177 (98,713) 130.6% 271,607 312,722 (41,115) 724,832 58.1 % 131,700 132,671 (971) 100.7% 215,887 108,204 107,683 131,700 100.7% - - - - - - 1,800 0.0% 10,697 11,327 (630) 105.9% 11,262 8,769 2,493 25,950 43.6% 1,807,746 1,756,251 51,495 97.2% 1,870,841 1,727,143 143,698 3,573,894 49.1 % 1.473.768 1.294.051 179.717 87.8% 1.536.381 1.301.009 235.372 2.892.994 44.7% (646,047) (785,776) 139,729 121.6% (739,372) (766,012) 26,640 (1,390,000) 56.5% 1,358,653 1,765,613 1,225,738 1,683,120 132,915 82,493 90.2% 95.3% 1,344,283 1,696,210 1,237,443 1,774,511 106,840 (78,301) 2,695,275 2,873,032 45.5% 58.6% 3,124,266 2,908,858 215,408 93.1 % 3,040,493 3,011,954 28,539 5,568,307 52.2% 2.478.219 2.123.082 355.137 85.7% 2.301.121 2.245.942 55.179 4.178.307 50.8% The Municipality of Clarington Summary of Operatinq Expenditures and Revenues for the Slx Months Endinq June 30, 2019 28 Emergency Services - Fire Administration Prevention Municipal Emergency Measures Revenues/Recoveries Administration Prevention Suppression Training/Technical Support Communications Mechanical All Stations, Part-time Municipal Operations Centre Maintenance Support Expenditures Net Expenditures 32 Engineering Services Administration Building Inspection Revenues/Recoveries Administration Debentures Building Inspection Street Lighting Parks Roads & Structures Safe Roads Fleet Expenditures Net Expenditures Attachment 1 to Reaort FND-022-19 2019 Qtr 2 2019 Qtr 2 2019 Qtr 2 2019 Qtr 2 % 2018 Qtr 2 2018 Qtr 2 2018 Qtr 2 2019 Total 2019 % of Budget YTD Actual YTD Unexpended Expended Budget YTD Actual YTD Unexpended Budget budget spent (39,663) (124,275) 84,612 313.3% (43,756) (145,255) 101,499 (55,000) 226.0% (41,232) (43,182) 1,950 104.7% (42,176) (40,759) (1,417) (45,000) 96.0% (10,000) (10,000) 0 100.0% (10,000) (10,000) - (10,000) 100.0% (90,895) (177,457) 86,562 195.2% (95,932) (196,014) 100,082 (110,000) 161.3% 1,195,918 1,182,928 12,990 98.9% 1,065,686 1,136,944 (71,258) 1,754,586 67.4% 393,460 318,551 74,909 81.0% 376,834 358,454 18,380 790,840 40.3% 4,133,246 3,899,928 233,318 94.4% 4,061,087 4,020,971 40,116 8,088,866 48.2% 178,996 180,136 (1,140) 100.6% 175,029 99,289 75,740 350,524 51.4% 266,488 276,446 (9,958) 103.7% 291,388 259,268 32,120 585,000 47.3% 64,440 39,295 25,145 61.0% 47,220 60,420 (13,200) 120,000 32.7% 420,464 452,401 (31,937) 107.6% 416,660 438,416 (21,756) 844,500 53.6% 19,275 13,694 5,581 71.0% 15,105 13,603 1,502 31,950 42.9% 68,198 64,242 3,956 94.2% 67,217 67,554 (337)1 133,078 48.3% 6,740,485 6,427,621 312,864 95.4% 6,516,226 6,454,919 61,307 1 12,699,344 50.6% 1 6,649,590 6,250,164 399,426 94.0% 1 6,420,294 6,258,905 161,389 1 12,589,344 49.6% 1 (47,965) (234,974) 187,009 489.9% (40,752) (261,277) 220,525 (51,000) 460.7% (1,098,707) (1,079,213) (19,494) 98.2% (1,550,869) (2,288,265) 737,396 (1,554,532) 69.4% (1,146,672) (1,314,187) 167,515 114.6% (1,591,621) (2,549,542) 957,921 (1,605,532) 81.9% 4,786,515 4,818,144 (31,629) 100.7% 4,621,812 4,547,845 73,967 6,139,444 78.5% 465,993 453,139 12,854 97.2% 458,726 459,110 (384) 541,802 83.6% 782,015 704,431 77,584 90.1 % 677,111 661,780 15,331 1,550,625 45.4% 100,000 100,000 - 100.0% 90,000 90,000 100,000 100.0% 1,500 1,143 357 76.2% 500 857 (357) 15,500 7.4% - - - - - - 21,000 13,085 11,989 1,096 91.6% 1,000 103 897 63,500 18.9% 1,574 428 1,146 27.2% 1,874 1,750 124 5,600 7.6% 6,150,682 6,089,274 61,408 99.0% 5,851,023 5,761,445 89,578 8,437,471 72.2% 5.004.010 4.775.087 228.923 95.4% 4.259.402 3.211.903 1.047.499 6.831.939 69.9% The Municipality of Clarington Attachment 1 Summary of Operating Expenditures and Revenues for the Slx Months Ending June 30, 2019 to Report FND-022-19 2019 Qtr 2 2019 Qtr 2 2019 Qtr 2 2019 Qtr 2 % 2018 Qtr 2 2018 Qtr 2 2018 Qtr 2 2019 Total 2019 % of Budget YTD Actual YTD Unexpended Expended Budget YTD Actual YTD Unexpended Budget budget spent 36 Operations Administration (134,490) (109,181) (25,309) 81.2% (109,792) (148,769) 38,977 (367,000) 29.7% Street Lighting (2,000) (2,212) 212 110.6% - - - (15,000) 14.7% Cemetery (72,970) (68,313) (4,657) 93.6% (50,787) (77,920) 27,133 (127,800) 53.5% Green & Recycle Bin/Bag Tag Sales (11,340) (17,592) 6,252 155.1 % (12,569) (12,786) 217 (24,000) 73.3% Road Maintenance (11,869) (14,875) 3,006 125.3% (13,309) (11,820) (1,489) (19,500) 76.3% Winter Control (22,508) (73,347) 50,839 325.9% (61,251) (17,428) (43,823) (100,000) 73.3% (255,177) (285,520) 30,343 111.9% (247,708) (268,723) 21,015 (653,300) 43.7% Revenues/Recoveries 3,694,000 3,671,597 22,403 99.4% 3,357,762 3,459,396 (101,634) 5,163,425 71.1 % Administration Street Lighting 627,010 483,191 143,819 77.1% 605,615 619,021 (13,406) 1,365,000 35.4% Debentures 175,342 155,636 19,706 88.8% 707,048 732,499 (25,451) 186,114 83.6% Parks 893,749 712,223 181,526 79.7% 834,284 696,821 137,463 2,454,616 29.0% Cemetery 183,057 148,297 34,760 81.0% 122,671 151,446 (28,775) 318,025 46.6% Green & Recycle Bin/Bag Tag 5,976 14,425 (8,449) 241.4% 11,423 13,961 (2,538) 24,000 60.1 % Building & Property Services 1,748,191 1,813,140 (64,949) 103.7% 1,710,191 1,680,110 30,081 2,665,698 68.0% Road Maintenance 904,204 847,238 56,966 93.7% 714,013 934,509 (220,496) 2,927,240 28.9% Hardtop Maintenance 328,698 261,095 67,603 79.4% 354,060 333,757 20,303 1,032,400 25.3% Loosetop Maintenance 147,606 96,584 51,022 65.4% 107,500 81,874 25,626 415,000 23.3% Winter Control 1,638,159 2,672,055 (1,033,896) 163.1 % 1,406,599 2,394,745 (988,146) 2,478,000 107.8% Safety Devices 188,116 234,871 (46,755) 124.9% 360,002 218,693 141,309 527,750 44.5% Storm Water Management 12,170 2,957 9,213 24.3% 22,622 12,916 9,706 129,500 2.3% Regional Roads Maintenance 21,698 40,103 (18,405) 184.8% 19,337 28,589 (9,252) 30,800 130.2% Fleet 496,916 143,711 353,205 28.9% 580,217 204,506 375,711 847,560 17.0% Library Building 7,280 4,195 3,085 57.6% 6,319 5,748 571 13,460 31.2% Museum Building 13,929 8,188 5,741 58.8% 16,093 15,695 398 28,870 28.4% 11,086,101 11,309,506 (223,405) 102.0% 10,935,756 11,584,286 (648,530) 20,607,458 54.9% Expenditures Net Expenditures 10,830,924 11,023,986 193,062 101.8% 10,688,048 11,315,563 627,515 19,954,158 55.2% 42 Community Services Administration (21,000) (40,915) 19,915 194.8% (21,000) (35,112) 14,112 (43,500) 94.1 % Recreation Services Administration (1,714) (2,308) 594 134.7% (3,095) (2,844) (251) (3,900) 59.2% Facilities (1,110,536) (1,103,165) (7,371) 99.3% (1,079,747) (1,091,474) 11,727 (2,283,700) 48.3% Proshop (2018) - - - (5,316) (6,540) 1,224 - Vending Machine (Concessions 2018) (35,290) (17,589) (17,701) 49.8% (215,914) (164,608) (51,306) (66,100) 26.6% Aquatic Programs (612,903) (624,680) 11,777 101.9% (667,927) (628,158) (39,769) (1,129,300) 55.3% Fitness Programs (275,452) (265,023) (10,429) 96.2% (422,301) (235,475) (186,826) (576,500) 46.0% Recreation Programs (186,530) (162,215) (24,315) 87.0% (435,209) (154,547) (280,662) (544,500) 29.8% Community Development (2,100) (7,493) 5,393 356.8% (1,724) (5,545) 3,821 (38,800) 19.3% 55+ Active Adults (49,292) (66,772) 17,480 135.5% (56,540) (54,424) (2,116) (112,600) 59.3% Merchandise (5,748) (8,516) 2,768 148.2% (11,500) 74.1% Revenues/Recoveries (2,300,565) (2,298,676) (1,889) 99.9% (2,908,773) (2,378,727) (530,046) (4,810,400) 47.8% The Municipality of Clarington Attachment 1 Summary of Operating Expenditures and Revenues for the Slx Months Ending June 30, 2019 to Report FND-022-19 2019 Qtr 2 2019 Qtr 2 2019 Qtr 2 2019 Qtr 2 % 2018 Qtr 2 2018 Qtr 2 2018 Qtr 2 2019 Total 2019 % of Budget YTD Actual YTD Unexpended Expended Budget YTD Actual YTD Unexpended Budget budget spent 42 Community Services (continued) Administration 1,252,200 1,248,254 3,946 99.7% 1,347,804 1,360,482 (12,678) 1,817,329 68.7% Recreation Services Administration 462,777 451,660 11,117 97.6% 597,306 498,784 98,522 928,385 48.7% Facilities 2,983,295 3,016,441 (33,146) 101.1% 3,312,139 3,278,689 33,450 6,170,812 48.9% Debentures 2,029,089 2,031,328 (2,239) 100.1 % 1,991,493 2,004,560 (13,067) 2,111,799 96.2% Proshop (2018) - - - 3,303 4,295 (992) - Concessions (2018) - - - 191,998 172,086 19,912 - Aquatic Programs 449,152 404,681 44,471 90.1 % 415,125 381,673 33,452 914,106 44.3% Fitness Programs 195,598 165,511 30,087 84.6% 196,453 187,744 8,709 389,116 42.5% Recreation Programs 188,640 162,128 26,512 85.9% 226,721 186,751 39,970 588,202 27.6% Community Development 50,044 29,236 20,808 58.4% 14,277 22,809 (8,532) 98,600 29.7% 55+ Active Adults 69,203 81,483 (12,280) 117.7% 77,784 58,264 19,520 145,795 55.9% Customer Service 518,390 499,159 19,231 96.3% - - - 1,029,472 48.5% Client Services 185,878 179,690 6,188 96.7% - - - 364,874 49.2% Grants 60,000 60,000 - 100.0% 60,000 59,250 750 60,000 100.0% Municipal Sponsorships 35,000 31,300 3,700 89.4% 35,000 34,500 500 35,000 89.4% 8,479,266 8,360,871 118,395 98.6% 8,469,403 8,249,887 219,516 14,653,490 57.1 % Expenditures Net Expenditures 6,178,701 6,062,195 116,506 98.1% 5,560,630 5,871,160 310,530 9,843,090 61.6% 50 Planning Services Administration (346,421) (304,919) (41,502) 88.0% (427,721) (458,657) 30,936 (814,400) 37.4% Development Review - (316,070) 316,070 - - (346,421) (620,989) 274,568 179.3% (427,721) (458,657) 30,936 (814,400) 76.3% Revenues/Recoveries 2,706,776 2,487,507 219,269 91.9% 2,629,120 2,477,056 152,064 4,713,339 52.8% Administration Heritage Committee 1,500 1,500 - 100.0% - - - 1,500 100.0% Development Review - 274,265 (274,265) - 1,250 (1,250) - 2,708,276 2,763,272 (54,996) 102.0% 2,629,120 2,478,306 150,814 4,714,839 58.6% Expenditures Net Expenditures 2,361,855 2,142,283 219,572 90.7% 2,201,399 2,019,649 181,750 3,900,439 54.9% Boards & Agencies 4,527,694 4,404,457 123,237 97.3% 4,183,452 4,068,365 115,087 4,535,437 97.1% Total Revenue/Recoveries (65,936,616) (65,854,229) (82,387) 99.9% (69,113,049) (70,298,150) 1,185,101 (83,289,338) 79.1% Expenditures 49,512,657 48,787,684 724,973 98.5% 48,495,090 48,280,805 214,285 83,289,338 58.6% 16 423 959 17 066 545 642,586 103.9% 20 617 959 22 017 345 1,399,386 - Net Difference Municipality of Clarington Attachment 2 to Continuity of Taxes Receivable Report FND-022-19 for the Second Quarter of the Year 2019 Beginning Balance Interest Taxes Billed Balance Payments & June 2019 June 2018 Receivable Added Adjustments ** March 31, 2019 Current Year Taxes (9,264,497) 83,277,053 74,012,556 (65,115,965) 8,896,591 8,131,534 Penalty and Interest 23,936 164,653 188,589 (94,227) 94,363 84,380 First Prior Year Taxes 3,915,150 - 3,915,150 (1,167,714) 2,747,436 2,686,760 Penalty and Interest 231,015 125,172 356,187 (140,453) 215,733 197,884 Second Prior Year Taxes 1,018,392 - 1,018,392 (283,845) 734,547 810,549 Penalty and Interest 118,723 33,003 151,726 (59,346) 92,380 90,126 Third and Prior Years Taxes 306,269 - 306,269 (116,046) 190,223 225,168 Penalty and Interest 76,740 8,290 85,030 (27,105) 57,926 39,652 Total (3,574,272) 331,118 83,277,053 80,033,899 (67,004,701) 13,029,198 12,266,054 ** These figures include refunds, write-off, 357's etc. 2019 Interim Instalment months: February and April. 2019 Final Instalment months (for non -capped classes): June and September 2019 Final Instalment months (for capped classes): August and September Municipality of Clarington Attachment 3 of Report FND-022-19 Debenture Repayment Schedule As of January 1, 2019 Diane Hamre Indoor Soccer RRC MAC Green Road Recreation Year Lacrosse RRC CCD space Improvements Improvements Grade Separation Courtice Library Complex Total 2019 165,174.58 107,074.68 84,141.23 107,967.35 541,802.38 78,146.32 1,757,651.34 2,841,957.88 2020 164,755.07 107,074.68 84,010.16 107,799.19 544,416.38 78,341.53 1,604,355.98 2,690,752.99 2021 163,863.49 107,074.68 83,946.43 107,717.40 546,559.49 78,465.50 1,054,141.30 2,141,768.29 2022 163,542.75 83,964.94 107,741.15 546,559.49 78,488.31 1,006,711.96 1,987,008.60 2023 162,800.11 83,859.28 107,605.57 546,276.36 78,425.64 978,966.96 2024 160,675.42 83,823.08 107,559.13 553,240.30 78,249.84 983,547.77 2025+ 668,982.03 858,416.52 2,693,604.53 546,030.80 4,767,033.88 980,811.42 321,224.04 1,172,727.15 1,504,806.31 5,972,458.93 1,016,147.94 5,422,860.58 16,391,036.37 Principal at 896,000.00 294,299.58 950,705.28 1,219,914.89 4,958,600.00 871,000.00 5,083,000.00 14,273,519.75 January 1, 2019 Principal at 755,000.00 201,115.35 893,002.36 1,145,872.34 4,573,600.00 811,000.00 3,500,000.00 11,879,590.05 January 1, 2020 Interest Rates 2.25% to 3.35% 5.12% 1.9% to 3.45% 1.9% to 3.45% 2.25% to 3.8% 1.32% to 2.8% 4.65% to 4.75% Municipality of Clarington Attachment 4 to Report FND-022-19 RESIDENTIAL Single/Semi- Detached -New construction -Additions Townhouse Apartment TOTAL: MUNICIPAL DEVELOPMENT CHARGES January to June YTD 2019 2018 Municipal Development Number of Municipal Development Number of Charges Paid Units Charges Paid Units $ 611,332.00 35 $ 6,943,779.00 413 $ 525,440.00 40 $ - - $ - - 1 $ - - $ 1,136,772.00 75 $ 6,943,779.00 413 Change in DC paid from prior year: Change in DC units from prior year: NON-RESIDENTIAL Commercial -New construction -Additions Industrial -New construction -Additions Agricultural Government Institutional TOTAL: -83.6% -81.8% 2019 2018 Municipal Development Charges Municipal Development Charges Paid Paid $ 90,667.98 $ 255,269.05 $ - $ 87,040.63 $ - $ 77,961.74 $ 255,269.05 $ 255,670.35 Change in DC paid from prior year: -0.2% Municipality of Clarington Municipal Development Charges Incentives As of June 30, 2019 Under By-law 2015-035 Date Residential Property Value Incentive Attachment 4 to Report FND-022-19 Jan-16 105 Queen Street, Bowmanville 413,822.26 Mid -Rise Residential Dec-17 109 King Avenue East, Newcastle 157,840.00 Revitalization Mixed Used Residential Incentives to Date $ 571,662.26 Non -Residential Jul-15 222 King Street East, Bowmanville 110,671.30 Medical Exemption Oct-15 21 King Avenue East, Newcastle 3,636.08 Revitalization Small Business Feb-16 222 Baseline Road East, Bowmanville 13,279.78 Existing Industrial Development Feb-16 28 King Avenue East, Newcastle 937.96 Revitalization Small Business Apr-16 70 Mearns Court, Bowmanville 1,470.67 Existing Industrial Development Oct-16 2323 Highway 2, Bowmanville 15,985.00 Conversion Residential to Commercial Oct-16 70 Mearns Court, Bowmanville 8,232.17 Existing Industrial Development Feb-17 48 Britton Court, Bowmanville 24,676.61 New Industrial Development May-17 5314 Main Street, Orono 974.18 Revitalization Small Business Jun-17 1726 Baseline Road, Courtice 10,190.86 New Industrial Development Oct-17 220 Lake Road, Bowmanville 67,850.25 New Industrial Development Dec-17 109 King Avenue East, Newcastle 72,886.25 Revitalization Mixed Use Apr-18 685 Lake Road, Bowmanville 38,980.87 New Industrial Development Oct-18 1050 Lambs Road, Bowmanville 613,842.47 New Industrial Development Non -Residential Incentives to Date $ 983,614.45 Total Value of Incentives to Date $ 1,555,276.71 Municipality of Clarington Attachment 5 Mayor and Councillors' Discretionary Expenses to Report FND-022-19 January 1 to June 30, 2019 Name Ward 2019 1st Quarter 2019 2nd Quarter Total per Council Member Mayor A. Foster Mayor 1,391.70 4,357.22 5,748.92 Councillor J. Neal Regional Wards 1 & 2 - - - Councillor G. Anderson Regional Wards 3 & 4 1,151.07 2,230.64 3,381.71 Councillor J. Jones Ward 1 73.62 (49.24) 24.38 Councillor R. Hooper Ward 2 798.82 - 798.82 Councillor C. Traill Ward 3 397.24 240.00 637.24 Councillor M. Zwart Ward 4 660.30 146.49 806.79 Total 4,472.75 6,925.11 11,397.86 1 These figures include only discretionary expenses such as conferences, education courses, event tickets and external kilometre reimbursement. Remuneration and travel allowances are not included. 2 Credits and repayments relating to these expenses will be included in the quarter in which they are received. 3 This report is not to be considered as the Annual Council Remuneration report by the Treasurer as required by the Municipal Act, S.O. 2001, c.25, Section 284.