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Home My WebLink AboutTR-107-97 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File # December 8, 1997 ' Date: Res. A- ; ' �' r Report #: TR-107-97 File #: By-law # Subject: CASH ACTIVITY REPORT - OCTOBER 1997 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-107-97 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, 1997, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of October 1997, 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, 1997 and the comparative information for the month ended October 31, 1996. Respectf submitted, Reviewed by, i . Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MAM/LG/km Attachments CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of OCTOBER 1997 «:OGTQBER OCTOBER 1997: 1996 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 3,835,632 2,046,321 UNCONDITIONAL GRANT 0 0 MUNICIPAL SUPPORT GRANT ,.;:.;IIIJ,354 257,302 GRANTS—IN—LIEU; GOV'T OF CANADA GIL 32,522: 0 MUNICIPAL TAX ASSISTANCE GIL ONTARIO HYDRO GIL p' 1,055,446 CHEC HYDRO GIL MEMORIAL HOSPITAL GIL MINISTRY OF HOUSING GIL LCBO GIL REGION GIL >..... BELL TELEPHONE GIL 217,318 ONTARIO HYDRO PROCEEDS 375,000: 350,000 COURTICE COMMUNITY CENTRE FUND RAISING COIW INFRASTRUCTURE GRANT NATURAL RESOURCES—PITS&QUARRIES SALE OF LAND SUBSIDIES; MINISTRY OF TRANSPORTATION HANDI—TRANSIT SUBSIDY DEVELOPMENT CHARGES—TOWN 1;79;7:7:7 151,746 GENERAL 776,.403 691,979 INTEREST 452 61,401 DEVELOPMENT CHARGES—REGION/PUC 208 579: 208,148 5,828:;324: 5,039,661 USE OF FUNDS: PAYROLL 1,047;533' 679,827 REGION LEVY 2,976,46:.6. 2,874,492 SCHOOL BOARD LEVIES 0 0 GENERAL—INCLUDING CAPITAL EXP. 2,85$;38.4: 2,378,322 6,882;383 5,932,641 NET CASH PROVIDED (USED) (1,054',058) (892,980) . i BANK NET CASH BAN. BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: SEPT 30/97 (USED) OCT3i/97 OCT 31/96 GENERALFUND 1,811,032 1,293,678 3,104709: 2,186,088 RESERVE FUND 2,978,825 626,890 3,605;71.5; 3,948,343 j MUNICIPAL POOLED INVESTMENTS 26,746 114 26,$60 21,474 INVESTMENTS (GENERAL+ RESERVE FUND) 44,985,690 2,974 740) '! ..42,0::1;0,,,950; 40,479,032 TOTALS 49,802,293F ( A8,746 234' 46,634,937 I NOTE A: Difference in comparison between years due to timing difference in receipt of funds, * NOTE B: No longer receive roads subsidy; replaced with Municipal Support Grant. CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of October 1997 SEPTEMBER OCTOBER ; OCTOBER 1997 INTEREST TAXES PAYMENTS 1997 1996 RECEIVABLE ADDED BILLED BALANCE /ADJUST. *** CURRENT YEAR TAXES 6,456,096 68,129 6,524,225 (1,235,632) .........288,592.! 5,389,093 PENALTY AND INTEREST 135,680 75,190 210,870 (31,524) 179.3:46" 203,540 1996 YEAR TAXES 1,918,004 1,918,004 (29,193) 1.,888,811':: 1,981,940 PENALTY AND INTEREST 201,802 25,152 226,955 (16,270) 210,689 254,000 1995 YEAR TAXES 770,760 770,760 (46,243) 724,5.17;: 964,399 PENALTY AND INTEREST 123,041 9,988 133,029 (10,575) ._ 22,.454; 183,619 PRIOR TAXES 753,072 753,072 (55,576) 697;496 767,640 CZ PENALTY AND INTEREST 408,551 9,742 418,294 (179,653)._._.. ;238fi40.> 283,026 L,. TOTAL 10,767,007, 120 073 68,129 10 955,208 1 604 666 .......9.350 542 10 027 257 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) .151:,29.5 58,229,102 PERCENT OF CURRENT TAXES OUTSTANDING 8.,79%: 9.25% *** Includes refunds, write—offs, 496's, etc. NOTE 1: Tax payments do not tie into Part A due to timing differences since Part A is on a cash basis (ie. difference due to outstanding deposits) a H riJ PART "C" STATISTICAL INFORMATION FOR THE MONTH OF OCTOBER, 1997 Payment Received - Taxes 2,541 Pre-authorized Payments 1,042 Tax Certificates 275 Number of Properties eligible for Tax 39 Registration (see Note 1) Accounts Payable Cheques Issued #18748 to 19412 665 Number of Births Registered * See Note 2 Number of Deaths Registered * See Note 2 Note 1: Only includes those properties whose arrears are greater than $10,000. Note 2: Due to Municipal Elections, no statistics done in October by the Clerk's Department OA INVESTMENTS OUTSTANDING PART'0" AS AT OCTOBER 31,1997 1 INSTITUTION COST RATE O S VALUE DATE BNS 1,000,000.00 3.63% 90 1,008,950.69 NOV 10/97 TO 2,974,770.00 3.56% 87 3,OOQ000.00 DEC.15/97 BNS 2,000000.00 3.62% 76 2,015,075.07 DEC.15/97 BNS 3,OOQO000D 3.62% 76 3,022,612.60 DEC.15/57 LTOTALIENERALFUND >z 97477?Uoa: 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 56,000.00 8.875% 1095 70,910.00 May 1/98 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 GUNDN 344,316.13 7.90% 1135 436,064.00 July 13/98 RBC 2,063,810.92 7.95% 1688 2,937,391.00 Jan 13/00 RBC * 158,000.00 7.50% 1095 158,000.00 June 8/98 514,000.00 7.75% 1825 514,000.00 June 8/00 RBC 171,049.32 7.64% 799 200,880.00 Nov 14/97 RBC 234,787.20 7.30% 837 296,000.00 Nov 14198 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 499,999.62 7.80% 1043 619,655.00 July 3/98 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 RBC 72,000.00 6.10% 730 80,640.00 June 18/98 RBC 40,397.70 7.20% 1578 54,562,00 Aug 8/00 RBC 1,999,999.91 5.90% 762 2,251,745.00 Sept 1/98 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 Nov 14/98 RBC 2,151,919.63 316% 360 2,219,000,00 Nov 27/97 RBC 1,444,311.68 3.80% 357 1,498,000.00 Mar 19/98 WOOD GUNDN 2,599,580.15 4.00% 325 2,701,000.00 Apr.2/98 ! WOOD GUNDN 47,999.92 3.98% 296 49,523.00 Feb 1/98 RBC 58,479.40 5.95% 2032 80,639.00 Dec 15/02 RBC 25,125.57 5.95% 2025 34,613.00 Dec 15/02 WOOD GUND 715,539.24 3.70% 356 741,000.00 June 2/98 RBC 427,625,00 5150% 1628 542,878.00 Dec 1/01 RBC * 250,000.00 3.00% 180 250,000.00 Dec 21/97 CIBC 2,999,371.20 3.60% 90 3,026,000.00 Dec 18/97 MTL 1,981,920.00 3.70% 90 2,000,000.00 Dec 29197 LRB ND 837,999,52 3.49% 214 855,119,00 Feb 1/98 NG 2,069,679.41 3.72% 91 2,088,874.70 Nov 10/97 2,577,616.00 4.15% 383 2,690,060.00 Sept 1/98 TOTAL RESERVE FUND 33 036179.54:: TOTAL INVESTMENTS ;42010949.54: j *Bond Investment. Interest pald on a quarterly basis. DN:CASHPTE PART"E" OCTOBER 1997 Development Charges Total. Lot Levies Town Re ion C.H.E.C, Schickedanz Dev, 8.:066 00 — 5,131.00 7,308.00 629,00 L.10, C.2, Bowmanville 1 OM830 B/P#97.0852 Ridge Pine Park 1 845.00:: — 1,845.00 — — L.114, 118,288, BFC, Darlington B/P#97.0903, 972,971 Timberlane Dev. 30 786 00 — 30,786.00 — — L.33, C.2, Darlington 40M1876 Eiram Dev, 7,308 00 — — 7,308.00 — L.10, C.3, Bowmanville ___.__; 40 M 1776 B/P#97,046 Andelwood Homes „ 2.4.;878 00 — 10,262.00 14,616.00 — L.34, C,2, Darlington 40 M 1847 B/P#97.0882, 0904 Simkins Homes 26.6Q0.00 — — 26,600.00 — L.33, C,2, Darlington 40 M 1876 B/P#97.0831—832,0888—0889 Kaitlin Group 62,19500.; — 25,655.00 36,540.00 — L.16, C.1, Darlington 40M1881 B/P#97.0702—0705, 0861 W.Schleiss &R,Holland 12;221.73; — 5,130.00 7,091.73 — L.34, C.3, Darlington 40 M 1854 B/P#97.0901 Baywood Homes 128;133 50 — 48,763.50 73,080.00 6,290.00 L.12, C.2, Bowmanville 40M1852 B/P#97.0871-0880, 1002-1003 Veltri Group 81320,OQ! — 52,204.00 26,600.00 2,516.00 L.12, C.2, Bowmanville 40M1886 B/P#97.1018-1021 TOTALS 3$$x.55,23; 0.00 179 776.50 199 143.73 9,435.00 DN:CASHPTE PART "E" OCTOBER 1997 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND B,Labanovich 528.70 Pt,L.26, BFC, Darlington DEV97-022 Schickedanz Dev. 11,450.57 Pt.L,9, C.2, Bowmanville 18T-89065 Total Cash—in—Lieu of Parkland 1 1,979 27 F TRIBUTIONS — ENGINEERING AND INSPECTION FEES n Martin Holdings Ltd. 18,173.76 ngton Corners Ph.1, Stage 2 Kalee Investments Ltd. 5,672,99 Hilltop Estates Ph.2, Virtue Court Schickedanz Dev. 8,643.58 Pt.L.9, C,2, Bowmanville 1BT89065 Halloway Holdings 14,258,68 Valiant Subdivision Ph.2 Total Engineering and Inspection Fees Contributions 46,749.01 CONTRIBUTIONS — ROADS B.Labanovich 70,000.00 Pt.L.26, BFC, Darlington DEV97-022 Total Roads Contributions 70.000.00 t i ;,