HomeMy WebLinkAboutFND-009-13 Clarington REPORT
FINANCE DEPARTMENT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
Date: May 27, 2013 Resolution#: -X3,5-/:5 By-law#:
Report#: FND-009-13 File#:
Subject: ANNUAL STATEMENT FOR THE DEVELOPMENT CHARGES RESERVE FUND FOR
THE YEAR ENDED DECEMBER 31, 2012
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report FND-009-13 be received; and
2. THAT a copy of this report be forwarded to the Ministry of Municipal Affairs and
Housing.
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Submitted by: Reviewed by:
ancy ay or, A,C ACA Franklin Wu,
Director of Chief Administrative Officer
Finance/Treasurer
NT/RB/hjl
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
40 TEMPERANCE STREET, BOWMANVILLE, ONTARIO L1C 3A6 T 905-623-3379
REPORT NO.: FND-009-13 PAGE 2
1.0 BACKGROUND
1.1 This report is provided in order to comply 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, 2012.
1.2 For the year ended December 31, 2012, a total of 563 residential building permits
were issued. Approximately 831 units were anticipated for 2012 in the
development charge study review and update. Also, a total of 34 capital fund
and 16 revenue fund projects have been financed by the Development Charges
Reserve funds.
2.0 CONCURRENCE - not applicable
3.0 CONCLUSION
3.1 This is an information report provided to comply with legislative reporting
requirements.
CONFORMITY WITH STRATEGIC PLAN
The recommendations contained in this report conform to the general intent of the
ities-of the-St .
Promoting economic development
x Maintaining financial stability
Connecting Clarington
Promoting green initiatives
Investing in infrastructure
Showcasing our community
Not in conformity with Strategic Plan
Staff Contact: Nancy Taylor, Director of Finance/Treasurer
Attachments:
Schedule "A" - Development Charges Reserve Funds Statement
Schedule "B" - Capital Expenditures
Schedule "C" - Revenue Fund Expenses
Schedule "D" - Committed Amounts from Prior Years' Budgets/Council Approvals
REPORT NO.: FN®-009-13 PAGE 3
List of interested parties to be advised of Council's decision:
Municipal Finance Branch
Ministry of Municipal Affairs and Housing
777 Bay Street, 13th floor
Toronto, Ontario
M5G 2E5
MUNICIPALITY OF CLARINGTON
DEVELOPMENT CHARGES RESERVE FUNDS ST MENT
FOR THE 2012 YEAR
* See Schedule B
** See ScheduleC
***See Schedule
****2013 Budget(includes 2012 debenture payments)
Note:brackets=funds available,no brackets=shortfall
Total Development Charges collected on behalf ofthe Region in 2012
Amounts outstanding as of December3l,2012
Less:amounts paid to the Region
Total Development Charges due to the Region at December 31,2012
S 6,974,59450
6,974,59450
5
r-
580
581
58Z
583
584
585
586
587
GENERAL
LIBRARY
FIRE PRO
7ECTI ON
INDOOR
- PARK DEV.&
OPERATIONS
ROADS AND
PARKING
TOTAL
GOVERNMENT
SERVICES
SERV
CES
RECREATION
RELATED FACILITIES
RELATED
Balance as of December 31,2011
(861,520)
(47,656)
(,198,883)
(1,879,796)
(1,965,590)
(10,082,849)
(171,045)
(18,207,339)
PLUS:
Development Charge Proceeds
(159,612)
(430,540)
(381,068)
(2,689,938)
(569,110)
(378,258)
(3,607,010)
(33,608)
(8,249,144)
Accrued Interest Apportionment
(10,826)
(2,590)
(37,259)
(25,315)
(20,717)
(23,826)
(134,785)
(2,288)
(257,606)
Transfer from Reserve Fund
-
-
-
(962,294)
-
-
-
-
(962,294)
Tmnsferfrom Revenue Fund
SUBTOTAL
(170,438)
(433,130)
(418,327)
(3,677,547)
(589,827)
(402,084)
(3,741,795)
(35,896)
(9,469,044)
LESS:
Amount Transferred to Capital Fund*
-
-
598,548
-
886,203
264,934
1,759,544
-
3,509,229
Amount Transferred to Revenue Fund**
146,622
285,800
39
3,677,547
166,075
50,267
106,074
1,243
4,433,667
Repayment of Interim Financing from Reserve Funds
SUBTOTAL
145,622
285,800
598,587
3,677,547
1,052,278
315,201
1,865,618
1,243
7,942,896
Closing Balance as of December 31,2012
(885,336)
(194,986)
('1,018,623)
(1,417,345)
(2,052,473)
(11,959,026)
(205,698)
(19,733,487)
Committed Amounts from Prior Years'*'
759,681
1 154,286
,630,600
-
330,258
449,461
4,008,186
2,990
7,335,462
Available at December 31,2012
(125,65 5)
(40,700)
(
,388,073)
(1,087,087)
(1,603,012)
(7,950,840)
(202,708)
(12,398,025)
Committed Amounts from 2013 Budget"***
81,000
135,235
54,525
2,954,366
874,500
618,300
2,892,972
-
7,610,898
Balance remaining of Interim Financing from Reserve Funds
1,937594
1,937,594
Balance Available for Future Needs
(44,655)
94,535
(1,333,498)
4,891,960
(212,587)
(984,712)
(5,057,868)
(202,708
(2,849533)
* See Schedule B
** See ScheduleC
***See Schedule
****2013 Budget(includes 2012 debenture payments)
Note:brackets=funds available,no brackets=shortfall
Total Development Charges collected on behalf ofthe Region in 2012
Amounts outstanding as of December3l,2012
Less:amounts paid to the Region
Total Development Charges due to the Region at December 31,2012
S 6,974,59450
6,974,59450
5
r-
¢SCHEDULE "B"
MUNICIPALITY OF ARLES RESERVE `0 FN D-009-13
-009-13
DEVELOPMENT CHARGES RESERVE FUND STATEMENT
FOR THE 2012 YEAR
Total Expenses D/C R/F NON D/C R/F
CAPITAL EXPENSES For 2012 FINANCING FINANCING DESCRIPTION
D/C-EMERGENCY SERVICES
Fire Protective Clothing 31,280 5,325 25,955 Tax Levy
Fire Pumper 593,223 593,223
624,503 598,548 25,955
D/C-PARK DEVELOPMENT&RELATED FACILITIES
Bowmanville Valley Bridge and Trail 249,080 220,572 24,508 Eng Prks Cap R/F
4,000 Developer Contribution
Port Darlington Waterfront Park 147,030 132,327 14,703 Eng Prks Cap R/F
Nelson Street Parkette 59,658 53,692 5,966 Eng Prks Cap R/F
Hancock Neighbour Park 416,591 374,932 41,659 Eng Prks Cap R/F
Rosswell Park-Parking Lot 116,311 104,680 11,631 Eng Prks Cap R/F
988,670 886,203 102,467
D/C-OPERATIONS
New Equipment-2011 Roads 177,655 159,890 17,765 Mum Cap Wrks R/F
New Equipment-2012 Roads 112,246 89,917 9,991 Mun Cap Wrks R/F
12,338 Operations Equip R/F
Operations-Depot42 consulting-construction of pole barn/quonset but 16,808 15,127 1,681 Mun Cap Works R/F
306,709 264,934 41,775
D/C-ROADS AND RELATED
Road reconstruction-Longworth Ave Bridge - 6,341 (6,341)Developer Contribution
Road reconstruction-Mearns Avenue 11,234 9,998 1,236 Mun Cap Wrks R/F
Road reconstruction-Nash Road 110,716 104,952 5,764 Mun Cap Wrks R/F
Road reconstruction-Hunt Street - (850) 850 Tax Levy
Road reconstruction-Mill Street 1,337,941 1,026,212 300,000 Developer Contribution
11,729 Developer Contribution
Road reconstruction-Baldwin Street - 7,787 (7,787)Tax Levy
Road reconstruction-Clarington Blvd Road Oversizing 626 626 -
Road reconstruction-Green Road North-Baseline Road to Boswell Drive 9,784 9,784 -
Road reconstruction-St.George - 58 (58)Tax Levy
Road reconstruction-Stevens Road 500 500 -
Road reconstruction-Baseline Road&Spry Ave Traff Signal 42,066 3,018 39,048 Developer contribution
Road reconstruction-Baseline Road-Structure 151 151 -
d-reeartstroction�rady-Drivejfoster
Creek) -
Road reconstruction-Concession Road N3 4,234 3,345 889 Mun Cap Wrks R/F
Road reconstruction-Osbourne Road 121,421 42,544 9,194 Mun Cap Wrks R/F
69,683 Developer contribution
Road reconstruction-Green Road(North of Stevens Rd) 11,206 9,638 - 560 Tax Levy
448 Roads ConYb R/F
560 Mun Cap Wrks R/F
Road reconstruction-North Scugog Court 35,518 31,611 3,907 Mun Cap Wrks R/F
Road reconstruction-Mill Street(Clark to Toronto Street) 127,561 118,632 8,929 Tax Levy
Road reconstruction-West Scugog Lane(Surface Asphalt Scugog St to Bons Ave) 154,537 149,082 5,455 Mun Cap Wrks R/F
Sidewalk construction-Bons Ave to Hockley Ave(Scugog St) 36,877 32,083 4,794 Mun Cap Wrks R/F
Sidewalk construction-Jackman Rd to Longworth Ave(Scugog St) 55,554 55,554 -
Bowmanville Creek Erosion 11,896 7,970 3,926 Mun Cap Wrks R/F
Soper Creek Erosion Control 189,475 126,948 62,527 Mun Cap Wrks R/F
Brookhill Tributary Nick Point Remedial Work 2,130 1,427 703 Mun Cap Wrks R/F
2,275,560 1,759,544 516,016
TOTAL CAPITAL EXPENSES 4,195,442 3,509,229 686,213
SUMMARY OF FINANCING: 598,548 D/C-Emergency Services R/F
886,203 D/C-Park Dev.&Related Facilities R/F
264,934 D/C-Operations R/F
1,759,544 D/C-Roads and Related R/F
128,392 Municipal Capital Works R/F
98,467 Engineering Parks Capital R/F
12,338 Operations Equip.R/F
448 Roads Contribution R/F
28,449 Tax Levy
418,119 Developer contribution
TOTAL FINANCING 4,195,442 3,509,229 686,213
SCHEDULE " "
MUNICIPALITY OF CLARINGTON
to F N -009-1
DEVELOPMENT CHARGES RESERVE FUND STATEMENT
FOR THE 2012 YEAR
Total Expenses D/C R/F NON D/C R/F
REVENUE FUND EXPENSES For 2012 FINANCING FINANCING DESCRIPTION
D/C-GENERAL GOVT
Planning-Official Plan Review 122,945 110,651 4,610 Prof Fees Reserve
7,684 Mun Cap Wrks R/F
Legal-D/C Intervenor and OMB Hearing 17,189 15,470 1,719 Tax Levy
Operations-Stormwater Master Plan 22,280 20,485 1,795 Mun Cap Wrks R/F
D/C Refund 16 16
162,430 146,622 15,808
D/C-LIBRARY SERVICES
2012 Pending D/C Appeal 66,372 66,372 -
Contribution towards Debenture Debt-Newcastle Library 102,958 57,724 45,234 Tax Levy
Contribution towards Debenture Debt-Newcastle Library future balloon payment 161,704 161,704
331,034 2851800 45,234
D/C-EMERGENCY SERVICES
D/C Refund 39 39
39 39
D/C-INDOOR RECREATION
2012 Pending D/C Appeal 411,521 411,521 -
Region debenture reissuance costs-South Courtice Arena 21,800 21,800
Contribution towards Debenture Debt-Bowmanville Indoor Soccer 329,641 296,677 32,964 Debt Retirement R/F
Contribution towards Debenture Debt-Newcastle District Recreation Centre 1,758,798 1,758,798 -
Contribution towards Debenture Debt-South Courtice Arena 1,188,751 1,188,751
3,710,511 3,677,547 32,964
D/C-PARK DEVELOPMENT&RELATED FACILITIES
2012 Pending D/C Appeal 151,845 151,845 -
Parks Development-Consulting 15,811 14,230 895 Tax Levy
686 Professional Fees Reserve
167,656 166,075 1,581
D/C-OPERATIONS
2012 Pending D/C Appeal 9,229 9,229 -
D/C Refund 39 39 -
Operations-Small Equipment Purchases 29,044 16,558 4,040 Mun cap Wrks R/F
8,446 Gen Cap Res
Operations-Stormwater Pond Maintenance-Small Equipment 27,637 24,441 3,196 Moo Cap Wrks R/F
65,949 50,267 15,682
D/C-ROADS AND RELATED
D/C Refund 535 535 -
gineermgComaltmg�tndie _
Engineering Consulting-Design 138,364 69,182 69,182 Tax Levy
175,256 106,074 69,182
D/C-PARKING
2012 Pending D/C Appeal 1,239 1,239 -
D/C Refund 4 4
1,243 1,243
TOTAL REVENUE FUND EXPENSES 4,614,118 4,433,667 180,451
SUMMARY OF FINANCING: 146,622 D/C-General Goverment
285,800 D/C-Library Services
39 D/C-Emergency Services
3,677,547 D/C-Indoor Recreation
166,075 D/C-Park Development&Related Facilities
50,267 D/C-Operations
106,074 D/C-Roads and Related
1,243 D/C-Parking
16,715 Municipal Capital Works R/F
32,964 Debt Retirement R/F
8,446 Gen Cap Res
117,030 Tax Levy
5,296 Professional Fees Reserve
TOTAL FINANCING 4,614,118 4,433,667 180,451
SCHEDULE " 'I
MUNICIPALITY OF CLARINGTON
DEVELOPMENT CHARGES RESERVE FUND STATEMENT to N 009 13
FOR THE 2012 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 382,781
2011 Operating 100-50-130-00000-7160 Planning Consulting Studies 162,000
2008 Capital 110-36-130-83801-7401 Operations-Master Plan 28,836
2012 Operating 100-36-386-10210-7160 Stormwater Master Plan 12,641
2011 Operating 100-14-130-00000-7161 D/C Intervenor and OMB Hearing 46,960
2011 Operating 100-42-130-10085-7160 Community Services-Strategic Plan Review 45,000
2011 Operating 2011 OPG-Commitment for future Payout Upon LEED Certification 13,963
20120 erating 100-28-280-00000-7160 Fire-Master Plan 67,500
Total Commited: 759,681
RESERVE FU NO: D/C-LIBRARY SERVICES
2011 O erating 100-62-440-10570-7602 Library Collection-Purchase of Add'I Resources in all Formats 154,286
Total Commited: 154,286
RESERVE FUND: D/C-EMERGENCY SERVICES
2010 Capital 110-28-370-82844-7401 Newcastle Fire Station#2 Construction 1,044,977
2012 Capital 110-28-370-82844-7401 Newcastle Fire Hall#2-Admin Funds for relocation&Construction 446,037
2011 Operating 2011 OPG-Commitment for future Payout Upon LEED Certification 33,386
2012 Capital 110-28-281-82815-7401 Bunker Gear 6,200
2012 Capital 110-28-370-82845-7401 Expansion to H.Q Station 100,000
Total Commited: 1,630,600
RESERVE FUND: D/C-INDOOR RECREATION
2010 Balance remaining of Interim Financing from Reserve Funds 747,054
2011 Balance remaining of Interim Financing from Reserve Funds 228,246
2012 Balance remaining of Interim Financing from Reserve Funds 962,294
Total Commited: 1,937,594
RESERVE FUND: D/C-PARK DEVELOPMENT&RELATED FACILITIES
2006 Capital 110-32-325-83287-7401 Waverly Road,Bowmanville-Landscape Feature Area/Plantings/Sign/Lighting 101,589
2011 Capital 110-32-325-83257-7401 Bowmanville Valley Bridge and Trail-Trsf from Nelson Street Parkette 8,074
2011 Capital 110-32-325-83340-7401 Nelseon Street Parkette 10,728
2011 Capital 110-32-325-83282-7401 Port Darlington Waterfront Park 27,079
2012 Capital 110-32-325-83365-7401 Hancock Neighbourhood Park 134,468
2012 Capital 110-32-325-83366-7401 Roswell Park Parking Lot 3,320
2012 Ca ital 110-32-325-83257-7401 Bowmanville Valle Trail 45,000
Total Commited: 330,258
RESERVE FUND: D/C-OPERATIONS
2011 Operating 100-36-385-10210-7505 2011 OPG-Commitment for future Payout Upon LEED Certification 33,029
2012 Operating 100-36-380-10370-7505 Operations-Fleet Small Equip Purchases 1,038
2012 Operating 110-36-370-83677-7401 Depot 42 Operations Centre-Consulting Pole Barn/Quonset Hut 178 Clarke/Darlington 29,873
2012 Operating 110-36-370-83688-7401 Hampton Office Expansion 18,000
20120 erating 110-36-388-83643-7401 New Equipment Roads-2012 Various 367,521
Total Commited: 449,461
RESERVE FUND: D C-ROADS AND RELATED
2011 Capital 110-32-330-83208-7401 Mearns Avenue,Bowmanville-CPR Level Crossing to Concession Road#3-Road Reconstruction 129,360
2010/2011 Capital 110-32-330-83265-7401 Clarington Boulevard,Bowmanville-Uptown to 370m north-Reimburse Collector Roads Construction 202,630
2007 Capital 110-32-330-83276-7401 Green Rd,Bowmanville-Basellne Road to Boswell Drive-Road Reconstruction/DC debt 206,074
2007/2009 Capital 110-32-330-83296-7401 Stevens Road,Bowmanville Extension-Road Reconstruction 209,916
2007/2011 Capital 110-32-330-83314-7401 Baseline Road-Lambs Road to Bennett Road-Road Reconstruction 78,712
2008/2011 Capital 110-32-330-83319-7401 Conconcession Road#3-West of Mearns Avenue-Road Reconstruction 5,131
2011 Capital 110-32-330-83320-7401 Rudell Road Reconstruction 342,216
2010 Capital 110-32-330-83334-7401 Osbourne Road 377,122
2010/2011 Capital 110-32-330-83356-7401 Green Road-635 m North of Stevens Road 809,977
2011 Capital 110-32-330-83358-7401 North Scugog Court 885,885
2011 Capital 110-32-330-83362-7401 Mill Street Reconstruction 136,704
2007/2008 Capital 110-32-331-83278-7401 Hwy#2,Bowmanville-Clarington Boulevard/South Side to Green Road/North Side 27,533
2011 Capital 110-32-331-83360-7401 Liberty Street DC Sidewalk 30,000
2011 Capital 110-32-331-83363-7401 Baseline Road Sidewalk-Green Road to Westslde Drive 75,248
2011 Capital 110-32-340-83361-7401 Brookhill Tributory Nick Point Remedial Work 10,925
2011 Operating 2011 OPG-Commitment for future Payout Upon LEED Certification 190,959
2011 Operating 100-32-130-X-7167 Engineering Consulting-Design 5,818
2012 Operating 100-32-130-00000-7510 Transportation Master Plan 163,643
2012 Capital 110-32-330-83276-7401 Green Road 50,000
2012 Capital 110-32-330-83370-7401 West Scugog Lane Surface Asphalt 19,741
2012 Capital 110-32-330-83318-7401 Grady Dr(@ Foster Creek) 12,867
2012 Capital 110-32-331-83374-7401 Scugog Street-Middle Road Sidewalk 6,887
2012 Capital 110-32-331-83375-7401 Sidewalk-Scugog Street(Longworth-Jackman) 24,446
2012 Capita 1 110-32-340-83284-7401 Soper Creek Erosion Control 6,392
Total Commited: 4,008,186
RESERVE FUND: D/C-PARKING
2011 Operating 2011 OPG-Commitment for future Payout Upon LEED Certification 2,990
Total Commited: 2,990
TOTAL COMMITTED TO DEVELOPMENT CHARGES RESERVE FUNDS 9,273,056