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Home My WebLink AboutFND-009-11~~li~'~ . ~ . L FINANCE DEPARTMENT Meeting:. GENERAL PURPOSE AND ADMINISTRATION Date: MAY 9, 2011 Report: FND-009-11 Resolution#: GIVH' 368' /1 File#: BY-lavu#: Subject: ANNUAL STATEMENT FOR THE DEVELOPMENT CHARGES RESERVE FUND FOR THE YEAR ENDED DECEMBER 31, 2010 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report FND-OD9-11 be received; and 2. THAT a copy of this reportbe sent to the Ministry of Municipal Affairs and Housing. Submitted by: Nancy Ta lor, B .A., C.A. Director of Finance/ Treasurer Reviewed by: Franklin Wu, Chief Administrative Officer NT/hjl REPORT NO.: FND-009-11 PAGE 2 BACKGROUND 1.0 In accordance with Bill 98, an Act to promote job creation and increased municipal accountability while providing for the recovery of development costs related to new growth, Schedule "A" attached shows the activity in the Development Charges Reserve Funds for the year ended December 31,2010. 2.0 For the year ended December 31, 2010, a total of 593 residential building permits were issued. Approximately 682 units were anticipated for 2010 in the development charge study review and update. Also, a total of 30 capital projects have been financed by the Development Charges Reserve funds. Attachments: Schedule "A" - Development Charges Reserve Funds Statement Schedule "B" - Committed Amounts from Prior Years' Budgets/Council Approvals Schedule "C" - Capital Expenditures Interested Parties: Municipal Finance Branch Ministry of Municipal Affairs and Housing 777 Bay Street, 13th floor Toronto, Ontario M5G 2E5 DN:DC REPORTS/DCRF 2009 MUNICIPALITY OF CLARINGTON SCHEDULE A Prepared.AM Jan 19/11 DEVELOPMENT CHARGES RESERVE FUNDS STATEMENT Updated:AM Apr 2611 FOR THE 2010 YEAR See Schedule C " See Schedule B 2010 Budget(includes 2010 debenture payments) -brackets=funds available,no brackets=shortfall NOTE: Total Development Charges collected on behalf of the Region in 2010 7,235,359 Amounts 0/s as of Dec.31 st 2009 - Less: Amounts paid to the Region 7,235,359 Total Development Charges due to the Region at December 31,2010 $ 580 581 582 583 584 585 586 587 589 GENERAL LIBRARY FIRE PROTECTION INDOOR PARK DEV.& OPERATIONS ROADS AND PARKING TRANSIT STORMWATER TOTAL GOVERNMENT SERVICES SERVICES RECREATION RELATED FACILITIES RELATED &DRAINAGE CONTROL SERV. Balance as of December 31,2009 823,837 - (2,060,352) - 890,013 1,487,021 4,191,522 80,461 - - 9,533 206 PLUS: Development Charge Proceeds Accrued Interest Apportionment (215,635) (13,120) (429,756) (995) (467,615) (38,443) (2,465,829) (574) (701,094) (20,950) (400,256) (26,468) (3,878,898) (106,094) (32,107) (1,662) - - - (8,591,189) (208,303) Transfer from Reserve Fund Transfer from Capital Fund - - - (8,699) (8,699) Transfer from Revenue Fund - - - - SUBTOTAL 228,754 (430,751) 506 057 (2,466,403) (722,044) (435,423) 3,984 991 (33,768) - - 8,808 192 LESS: Amount Transferred to Capital Fund Transfer to Revenue Fund Repayment of Interim Financing from Reserve Funds 51,456 277,436 316,812 113,939 49,000 6,050 - 3,134,683 233,666 10,736 356,953 6,095 643,953 119,291 - 520 - - 1,335,028 3,871,623 113,939 SUBTOTAL 328,892 430,751 55,050 31134,683 244,402 363,048 763,245 520 5,320,591 Closing Balance as of December 31 2010 (723,699) (2,511,359 668,280 (1,367,656) (1 559 395) (7,413,268) (113 710 - 13 020,807 Committed Amounts from Pnor Years ° 353,948 1,044,977 124,423 205,607 3,378950 - - - 5,107,905 Available at December 31,2010 369 751 - 1,466 382 668,280 1,243 233 1 353,788 4 034,319 113,710 - - 7,912,902 Committed Amounts from 2011 Budget"" 335,250 386,143 606,000 3,073,559 621,900 449,100 3,165,308 8,637,260 Balance remaining of Interim Financing from Reserve Funds 207,008 747,054 954,062 Balance Available for Future Needs- 34,501 593,151 (860,382)1 4,488,893 (621,333)1 904,688 869,011) 113,710 - - 1 678,420 See Schedule C " See Schedule B 2010 Budget(includes 2010 debenture payments) -brackets=funds available,no brackets=shortfall NOTE: Total Development Charges collected on behalf of the Region in 2010 7,235,359 Amounts 0/s as of Dec.31 st 2009 - Less: Amounts paid to the Region 7,235,359 Total Development Charges due to the Region at December 31,2010 $ DN:DC REPORTSiDCRF 2009 Prepared: AM May 25/10 SCHEDULE B Updated: AM Apr 2611 MUNICIPALITY OF CLARINGTON DEVELOPMENT CHARGES RESERVE FUND STA TEMENT FOR THE 2010 YEAR COMMITTED AMOUNTS FROM PRIOR YEARS' BUDGETS/COUNCIL APPROVALS YEAR PROJECT / DESCRIPTION AMOUNT COMMITTED RESERVE FUND: D/C - GENERAL GOVERNMENT 2007 Operating 100-50-130-10529-7160 Plan - Official Plan Review 187,573 2008 Operating 100-50,130-10529-7160 Plan - Official Plan Review 14,462 2009 Operating 100-50-130,10529 Plan, Official Plan Review- Consulting services growth management & Intens 81,961 2008 Operating 100-50-130-X-7160 Plan -Update of Architectural Control Standards 1,820 2008 Capital 110-36,130,83801 Plan - Master Plan 38,544 2009 Operating 100-21,211-X-7161 D/C Study 9,093 2010 Operatino 100-50-130,X-7160 Plannino Studv,RoblnsonfToolev Sub-watershed Plan 20,495 Total 353,948 RESERVE FUND: D/C - EMERGENCY SERVICES 2010 Capital 110-28-370,82844 Newcastie Fire Station #2 Construction 1,044,977 Total 1 ,044,977 RESERVE FUND: D/C - PARK DEVELOPMENT & RELATED FACILITIES 2006 Capital 110-32-325,83287 Waveriy Rd, Bow, - landscape feature area/plantlngs/signAighting 101,589 2010 Capital 110,32-325,83310 Longworth & Scugog SIW Comer 19,823 2010 Capital 110,32-325-83325 Penwest Parkelte 3,011 , Total 124,423 RESERVE FUND: D/C, OPERA nONS (Buildings, Equipment, Fleet) 2008 Capital '110,36,370,83677 42 Operations Depot, underground Fuel Tanks and Petro Vend Feuling 55,850 2008 Capital 110,36,388,83643 New equipmenVroads - 2008 various 28,345 2009 Capital 110-36-388-83643 New equlpmenVroads - 2009 various 23,849 2010 Capital 110,36,388,83643 New eQuipmenVroads, 2010 various 97,563 Total 205,607 RESERVE FUND: D/C - ROADS AND RELA TED 2010 Capital 110-32-130-83327 D/C Study Update 16,332 2009 110-32-324,83278 Hwy#2 Bowmanville St Lights Installation- Add'l to '08 Hwy#2 Sidewalk 21,908 2005 Capital 110-32-330-83205 Longworth Ave, Bow/Reg, Rd #57 to Middie Rd - surface asphait 7,680 2009 Capital 110,32,330,83207 Works Associated with Development 8,723 2008 Capital 110,32-330,83208 Meams Ave, Bow - CPR level crossing to Cone, Rd #3 ' road reconstruction 32,265 2009 Capital 110,32,330,83214 Nash Rd- road construction 33,785 2004 Capital 110-32-330,83231 Longworth Ave, Bow/Liberty to Scugog - collector overslzing 44,175 2010 Capital 110,32,330,83233 Hunt St 11,155 2010 Capital 110,32-330,83264 Baldwin St 27,936 2010 Capital 110-32-330-83265 Clarington Blvd, Bow/Uptown to 370m north - reimburse. collector rds constm 3,255 2007 Capital 110-32-330-83276 Green Rd, Bow/Baseline to Boswell - road reconstruction / DC debt 503,855 2005 Capital/Council 110-32,330-83277 King St, Bow - Bow, Mall traffic signalization 43,123 2010 Capital 110-32-330-83286 St George St 8,038 2010 Capital 110,32,330,83291 Elgin St 6,053 2007 Capital 110-32-330-83296 Stevens Road, Bow, Extension - road reconstruction 68,741 2009 Capital 110-32-330-83296 Stevens Road, Bow, Extension -Complete surface asphait 200,000 2006 Capital 110-32-330-83299 Darlington Blvd, Courtice - road reconstruction/design 9,765 2006 Council 110-32-330-83312 Traffic signals - Baseline Rd, W, & Spry 96,759 2007 Capital 110-32-330-83314 Baseline Rd/Lamb's to Bennelt Rd - road reconstruction 75,471 2008 Capital 110-32-330-83319 Cone, Rd #3/west of Meams Ave - road reconstruction 3,397 2010 Capital 110-32,330,83334 Osbourne Rd 1,214,430 2010 Capital 110-32-330-83356 Gre8\'Rd- 635 m North of Stevens Rd 711,525 2007 Capital 110-32-331-83278 Hwy #2, Bow/south side - Clar, Blvd to Green Rd/north side 17,814 2008 Capital 110-32-331-83278 Hwy #2, Bow/south side - Clar, Blvd to Green Rd/north side 28,677 2010 Capital 110,32-331-83340 Nelson St Sidewalk 9,682 2010 Capital 110-32-331-83341 Baseline Rd Sidewalk 9,722 2009 Capital 110-32-331-83343 Bloor St Sidewalk, Townllne Rd to Huntington Cres. Courtice 41,329 2009 Capital 110-32-331-83345 Courtice Rd Sidewalk-Hwy#2 to Myse Dr Courtice 65,058 2009 Capital 110-32-331,83346 Prestonvales Rd Sidewalk- East Side (Bloor to 350m south) West Side( frm S 47,868 2008 Capital 110-32-340,83317 Foster Creek erosion protection 5,762 2008 Council 110-32-340-83317 Foster Creek erosion protection 4,667 Total 3,378,950 TOTAL COMMITTED TO DEVELOPMENT CHARGES RESERVE FUNDS 5,107,905 DN:DC REPORTS/DCRF 2009 SCHEDULE C Prepared: AM Jan 19/11 Updated: AM Apr 2611 MUNICIPALITY OF CLARINGTON DEVELOPMENT CHARGES RESERVE FUND STATEMENT FOR THE 2010 YEAR Total Expenses DIC R/F NON DIC R/F CAPITAL EXPENDITURES For 2010 FINANCING FINANCING DESCRIPTION DIC - GENERAL GOV'T Operations Master Plan 57,173 51 ,456 5,717 Tax Levy 57,173 51 ,456 5,717 DIC - FIRE PROTECTION SERVICES Land Acquisition- Newcastle Fire Hall 49,000 49,000 49,000 49,000 - DIC - PARK DEVELOPMENT & RELATED FACILITIES Sidewalk Construction- Longworth/Scugog 17,974 16,177 1,797 Tax Levy Penwest Parketle 241,654 217,489 24,165 Tax Levy 259,629 233,666 25,963 DIC - OPERATIONS New Equipment- 2009 Roads 27,939 22,993 2,794 Mun Cap Wrks R/F 2,152 Operations Equip R/F New Equipment, 2010 Roads 233,122 209,810 23,312 Mun Cap Wrks R/F Renovations, Operations Depot 42 164,944 124,150 27,000 Tax Levy 13,794 Mun Cap Wrks R/F 426,005 356,953 69,052 DIC - ROADS AND RELATED Road reconstruction - SI. George St 13,220 12,105 1,116 Tax Levy Road reconstruction - Baldwin St 36,875 24,342 3,596 Tax Levy 8,937 Roads Contribution R/F Road reconstruction - Hunt St 118,128 41,345 76,783 Tax Levy Road reconstruction - Longworth Ave 63,805 53,915 894 Roads Contribution R/F 2,654 Mun Cap Wrks R/F 6,341 Developer Recovery Road reconstruction - Clarington Blvd 49,745 46,145 3,600 Mun Cap Wrks R/F Road reconstruction - Mearns Ave 16,962 15,106 1,857 Tax Levy Road reconstruction - Green Rd North 201,287 201,287 - Road reconstruction - Elgin Street 74,779 17,947 56,832 Tax Levy Road reconstruction - Stevens Road, 106 106 - Road reconstruction - Concession Rd #3 31,243 24,669 6,573 Mun Cap Wrks R/F Road reconstruction - Baseline Rd 5,424 3,427 1,998 Region Contribution Road reconstruction - Osbourne Rd, 95,120 78,221 16,899 Mun Cap Wrks R/F Road reconstruction - Nash Rd 8,966 6,934 383 Tax Levy 1,648 Roads Contribution R/F Sidewalk construction - Hwy #2, Bowmanville 5,807 5,807 - Sidewalk reconstruction, Nelson St 15,318 15,318 Sidewalk reconstruction' Baseline Rd 39,662 18,958 20,703 Tax Levy Sidewalk construction - Prestonvale Rd 1,867 1,867 - Sidewalk construction - Courtlce Rd 24,942 24,942 - Street Lights - Longworth Ave, 16,500 16,500 - Street Lights, Hwy#2 Bowmanvllle 1,254 1,254 - Works Associated With Development 135 90 45 Tax Levy DIC Update Study 33,668 33,668 854,812 643,953 210,859 TOTAL CAPITAL EXPENDITURES 1,646,620 1,335,028 311,591 SUMMARY OF FINANCING: 51 ,456 D/C - general Goverment RtF 49,000 DIC - Fire Protection Services R/F 233,666 D/C - Park Dev. & Related Facilities R/F 356,953 D/C - Operations R/F 643,953 D/C - Roads and Related RIF 69,627 Municipal Capital Works R/F 2,152 Operations Equlp,R/F 11,479 Roads Contribution R/F 219,995 Tax Levy 1,998 Region Contribution 6,341 Developer contribution TOTAL FINANCING 1,646,620 1,335,028 311,591