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Home My WebLink AboutTR-103-97 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File # �� LL � � L December 8, 1997 '' K Date: Res. # All, - .`_r / f Report #: TR-103-97 File #: By-law # Subject: CASH ACTIVITY REPORT - SEPTEMBER 1997 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-103-97 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 September 30, 1997, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of September 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 September 30, 1997 and the comparative information for the month ended September 30, 1996. Respectfully submitted, Reviewed by, Maxie'"A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MAM/LG/km Attachments rv� 'JUi� CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of SEPTEMBER 1997 SEPTEMBER :;19J7. 1996 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 8,002,835' 9,453,495 UNCONDITIONAL GRANT 0. 0 MUNICIPAL SUPPORT GRANT 257,302 GRANTS—IN—LIEU: GOV'T OF CANADA GIL 0 29,733 MUNICIPAL TAX ASSISTANCE GIL ONTARIO HYDRO GIL CHEC HYDRO GIL MEMORIAL HOSPITAL GIL MINISTRY OF HOUSING GIL LCBO GIL REGION GIL 0 102,390 BELL TELEPHONE GIL ONTARIO HYDRO PROCEEDS COURTICE COMMUNITY CENTRE FUND RAISING COIW INFRASTRUCTURE GRANT 0 961 NATURAL RESOURCES—PITS&QUARRIES SALE OF LAND SUBSIDIES: MINISTRY OF TRANSPORTATION HAND I—TRANSIT SUBSIDY DEVELOPMENT CHARGES—TOWN 4.3t?:497; 319,529 GENERAL 731;372; 410,032 INTEREST 141;734 284,606 DEVELOPMENT CHARGES—REGION/PUC 2.44.;762: 349,143 9,739;087: 11,207,191 USE OF FUNDS: PAYROLL 679;855; 687,119 REGION LEVY ;: 7s; .6 0 SCHOOL BOARD LEVIES $8814. ....697. 8,527,116 GENERAL—INCLUDING CAPITAL EXP. x;908;55.4; 1,766,543 15,446;6(51.? 10,980,778 NET CASH PROVIDED (USED) (5,707;5:14) 226,413 BANK NET CASH BANK BALANCE PROVIDED BALANCE: ;:;; BALANCE FINANCIAL POSITION: AUG 31/97 (USED) SEl?T'3;0%97: SEPT 30/96 GENERAL FUND 4,154,859 (2,343,827 1,87:. '1,032: 1,609,383 RESERVE FUND 5,345,211 (2,366,386) 2,978,$25: 3,445,402 MUNICIPAL POOLED INVESTMENTS 601,559 (574,813):.'..".. 26, 46; 21,143 INVESTMENTS (GENERAL+ RESERVE FUND) 45,408,178 (422,489)'..':::44,98.x,690:; 42,451,989 TOTALS 55,509,8071 (5,707,514)... 49 8.02:293: 47.52 917 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. I CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of September 1997 AUGUST SEPTEMBER; SEPTEMBER 1997 INTEREST TAXES PAYMENTS 1997 1996 RECEIVABLE ADDED BILLED BALANCE /ADJUST. *** CURRENT YEAR TAXES 329,427 16,081,294 16,410,722 (9,954,626) x,455,096 6,337,274 PENALTY AND INTEREST 128,997 45,680 174,678 (38,998);!; 167,821 1996 YEAR TAXES 2,059,416 2,059,416 (141,413) 1,918,Of34 2,119,492 PENALTY AND INTEREST 208,238 26,219 234,457 (32,655), 201;,.8{32; 254,018 1995 YEAR TAXES 824,043 824,043 (53,283) 77{3 7S(3 1,032,082 PENALTY AND INTEREST 126,518 10,630 137,147 (14,107) . 181,086 PRIOR TAXES 776,688 776,688 (23,615) 753,072 783,747 PENALTY AND INTEREST 377,493 10,043 387,536 21,016 266,675 TOTAL 4_800 820 92 572 16 081 294 21 004 686 10 237 680 1;0 77` 11 142 195 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 60,151,295; 58,229,102 PERCENT OF CURRENT TAXES OUTSTANDING 10 73°!0' 10.88% *** 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) ro a z H trJ PART "C" STATISTICAL INFORMATION FOR THE MONTH OF SEPTEMBER, 1997 Payment Received - Taxes 13,819 Pre-authorized Payments 1,047 Tax Certificates 124 Number of Properties eligible for Tax 39 Registration (see Note 1) Accounts Payable Cheques Issued #18303 to 18747 445 Number of Births Registered 34 Number of Deaths Registered 47 Note 1: Only includes those properties whose arrears are greater than $10,000. Ui INVESTMENTS OUTSTANDING PART'D" AS AT SEPTEMBER 30,1997 DFINANCIAL INVESTMENI INTEREST # INSTITUTION COST RATE O VALUE DATE UENEHALFUND TO 2,974,740.00 3.37% 92 3,000,000.00 OCT 3/97 BNS 1,000,000.00 3.63% 90 1,008,950.69 NOV 10/97 TD 2,974,770.00 3.56% 87 3,000,000.00 DEC.15/97 BNS 2,000,000.00 3.62% 76 2,015,075.07 DEC.15/97 BNS 3,000,000.00 3162% 76 3,022,612.60 DEC.15/97 TOTALGENERALFUND 0.49'5.10:.00': 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 GUND 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 14/98 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 8100 RBC 499,999.62 7,80% 1043 619,655.00 July 3/98 RBC * 475,000.00 8.58% 2761 475,000.00 Mar 17103 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 14101 RBC 72,000.00 6.10% 730 60,640.00 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 3.16% 360 2,219,000.00 NOV27/97 RBC 1,444,311.68 3.80% 357 1,498,000.00 Mar 19/98 WOOD GUND 2,599,580.15 4.00% 325 2,701,000.00 Apr.2198 WOOD GUNDY 47,999.92 3.98% 296 49,523.00 Feb 1/98 RBC 68,479.40 5.95% 2032 80,639.00 Dec 15/02 RBC 25,125.57 5,95% 2025 34,613.00 Dec 15/02 WOOD GUND 715,639.24 3.70% 356 741,000.00 June 2198 RBC 427,625.00 5.50% 1628 642,878.00 Dec 1/01 RBC * 250,000.00 3.00% 180 250,000.00 Dec 21/97 CIBC 2,999,371.20 3.609/6 90 3,026,000.00 Dec 18/97 MTL 1,981,920.00 3.70% 90 2,000,000.00 Dec 29/97 WOOD GUNDN 837,999.52 3.49% 214 855,119.00 Feb 1/98 HONG KONG 2,069,679.41 3.72% 91 2,088,874.70 Nov 10/97 RBC 2,577,616.00 4.15% 383 2,690,060.00 Sept 1/98 TOTAL RESERVE FUND 33 17: 4: TOTAL INVESTMENTS ::44'985`689:54: *Bond Investment. Interest paid on a quarterly basis. $} l V I DN:CASHPTE PART'E' SEPTEMBER 1997 Development Charges Town I Region C H E C L.Ricketts 12;439;00 — 5,131.00 7,308.00 L.12,C.2,Darlington LD260/94 B/P#97.0727 Devon Downs Dev. {'q¢Qpq;Q3 — 61,572.00 82,432.00 — L.31,C.3,Darlington 40M1880 B/P#97.0648-0649,0737-0739,0781, :yl B/P#97.0836-0840,0844 B.Welsh 677a0Q: — 5,131.00 1,643.00 — L.2,CA,Clarke B/P#97.0730 Veltri Group 23;040:00 — 20,524.00 — 2,516.00 L.8,C.1,Bowmanville 40M1691 L 10, Dev. 238700;00: — 178,145.00 36,540.00 22,015.00 L.10,C.3,Bowmanville 40M1776 B/P#97.0745,0747-0750 K.Richardson 1:;643;0.0 — — 1,643.00 — L.14,C.6,Clarke B/P#97.0701 BCR Construction Inc. 1;04;26$;00. — 102,620.00 1,643.00 — (Westlake Dev.) L.25,CA,Darlington B/P#97.0771 A.David ?l 's774to0; — 5,131.00 1,643.00 — L.19,CA,Darlington B/P#97.0632 R.Munroe 5,131.00 1,643.00 — L.20,C.10,Darlington B/P#97.0707 Ridge Pine Park 2;460;0.0. — 2,460.00 — — L.35,BFC,Darlington B/P#97.0826,0828-0829,0868 Kaitlin Group 211;924;00` — — 21,924.00 — L.16,C.1,Darlington 4OM1864 B/P#97.0722-0724 Simkins Homes 13,300.00 — L.33,C.2,Darlington 40M1876 B/P#97.0792-0793 W.Hale s'1>I10 328:00; — 5,131.00 5,195.00 — L.9,C.1,Clarke r.......... B/P#97.0782 Baywood Homes 72:;9328 — 29,258.58 39,900.00 3,774.00 L.12,C.2,Bowmanville 40M1852 B/P#97.0633-0638 J.Kamstra 5,131,00 1,643,00 — L.33-34,0.3,Clarke B/P#97.0809 C.McNeill 5j1:3110,0` — 5,131.00 — — L.5,BFC,Clarke 1OR-685 B/P#97.0720 TOTALS 675 25$;68 0.00 430 496.58 216 457.00 28 305.00 (012 DN:CASHPTE PART'E' SEPTEMBER 1997 CONTRIBUTIONS—CASH—IN—LIEU OF PARKLAND R.Klawitter 1,000.00 Pt.L.11,C.1,Bowmanville DEV97-029 Jeffery Construction 15,680.00 1420 King St.E., DEV97-060 Clarington Ice Sports Palace 34,000.00 Pt.L.4,BFC,Darlington 18T-87056 Martin Road Holdings 3,330,00 L.15,C.1,Darlington LD190 to 193/97 Total Cash—in—Lieu of Parkland 54,010.00 CONTRIBUTIONS—ENGINEERING AND INSPECTION FEES 0.00 Total Engineering and Inspection Fees Contributions 0.00 CONTRIBUTIONS—ROADS 0.00 Total Roads Contributions 0.00 X13