The URL can be used to link to this page

Home My WebLink AboutTR-102-97 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File # " r f� Date: December 8, 1997 Res. k�+ '�'E '� ' Report #: TR-102-97 File #: By-law # Subject: CASH ACTIVITY REPORT - AUGUST 1997 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-102-97 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 August 31, 1997, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of August, 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 August 31, 1997 and the comparative information for the month ended August 31, 1996. Respect tirlly submitted, Reviewed by, f 1A $rie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MAM/LG/km Attachments CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of AUGUST 1997 AU.Gk1.ST AUGUST €::199.7: 1996 REVENUE RECEIVED FOR GENERAL OPERATING ................................ AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 1629.Tb,Q. 878,059 UNCONDITIONAL GRANT p:! p MUNICIPAL SUPPORT GRANT 1;7:1;35:4; 257,302 GRANTS—IN—LIEU; GOV'T OF CANADA GIL MUNICIPAL TAX ASSISTANCE GIL ONTARIO HYDRO GIL 1:;079;529; 0 CHEC HYDRO GIL 27,028 MEMORIAL HOSPITAL GIL 4: 9,075 MINISTRY OF HOUSING GIL 0 39,843 LCBO GIL 0, 11,741 REGION GIL BELL TELEPHONE GIL 0 ONTARIO HYDRO PROCEEDS COURTICE COMMUNITY CENTRE FUND RAISING 5o'gao 0 COIW INFRASTRUCTURE GRANT NATURAL RESOURCES—PITS&QUARRIES ''0: 119,922 SALE OF LAND SUBSIDIES: MINISTRY OF TRANSPORTATION 0 HANDI—TRANSIT SUBSIDY DEVELOPMENT CHARGES—TOWN 184,022 GENERAL 605,025 INTEREST ? 79 Q36 519,506 DEVELOPMENT CHARGES—REGION/PUC 15l5E.97 48,123 3;865 243? 2,699,646 USE OF FUNDS: PAYROLL s.81<543 682,040 REGION LEVY 0 2,874,492 ..............................::. SCHOOL BOARD LEVIES Q 0 GENERAL—INCLUDING CAPITAL EXP. 2;260;5:93: 1,636,224 '<; 294:223,5 5,192,756 NET CASH PROVIDED (USED) 923(j08' (2,493,110) BANK NET CASH BANK::;; ; `:;. BANK ..............:.................. ................................. BALANCE PROVIDED BALANCi BALANCE FINANCIAL POSITION: JULY 31/97 (USED) AUG3;197; ;;.. .. AUG.31/96 GENERAL FUND 2,152,503 2,002,356 :::+::::_ .4;:1;,54,859; 1,852,529 RESERVE FUND 4,064,354 1,280,857 ;:;.;:::;;5;3:..45;2:1;;1;:: 3,917,280 MUNICIPAL POOLED INVESTMENTS 1,601,562 (1,000,003),;; . :,,6.Qi.:,559 22,396 INVESTMENTS (GENERAL+ RESERVE FUND) 46,768,379 (1,360,201)... .;;:4.5.,;4p8„1,7$. 41,509,298 TOTALS 54,586,798, 923 008 '' >55<S.09 8:07:: 47,301,503 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. 6 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of August 1997 JULY AUGUST AUGUST 1997 INTEREST TAXES PAYMENTS 1997 1996 RECEIVABLE ADDED BILLED BALANCE /ADJUST. *** CURRENT YEAR TAXES 989,146 387,957 1,377,103 (1,047,676) 329,427; 657,376 PENALTY AND INTEREST 108,896 52,996 161,892 (32,894) 148,692 1996 YEAR TAXES 2,263,083 2,263,083 (203,666) 2,f}5%. 2,211,440 PENALTY AND INTEREST 219,054 28,765 247,818 (39,580) 2Q8 23$.' 250,701 1995 YEAR TAXES 945,572 945,572 (121,529) $24,043: 1,065,538 C_ PENALTY AND INTEREST 140,544 12,173 152,718 (26,200) 8; 182,368 PRIOR TAXES 850,818 850,818 (74,131). 776,888;: 910,583 PENALTY AND INTEREST 381,133 10,969 392,102 (14,609) 377,493 273,179 TOTAL 1 5,898,245 104 903 387,957 6,391,105 1 560 284 4830 820: 5,699,87 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) fia,151,295 58,229,102 PERCENT OF CURRENT TAXES OUTSTANDING 0::55:.%0 *** 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) b a z H td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF AUGUST, 1997 Payment Received - Taxes 2,389 Pre-authorized Payments 1,025 Tax Certificates 265 Number of Properties eligible for Tax 40 Registration (see Note 1) Accounts Payable Cheques Issued #17878 to 18302 425 Number of Births Registered 61 Number of Deaths Registered 67 Note 1: Only includes those properties whose arrears are greater than $10,000. 8 U 4 INVESTMENTS OUTSTANDING PART"ID" AS AT AUGUST 31,1997 49 OF DAYS INSTITUTION COST RATE O S VALUE DATE MTL 2,475,100.00 3.28% 112 2,500,000.00 SEPT 10/97 TO 2,975,160.00 3.35% 91 3,000,000.00 SEPT 25/97 TO 2,975,160.00 3,35% 91 3,000,000.00 SEPT25/97 MTL 2,974,290.00 3.43% 92 3,000,000.00 SEPT 30/97 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 TOTAL GENERAL FUND 15374454.:Otl: 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 1/96 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 13100 RBC * 158,000.00 7.50% 1095 158,000.00 June 6/98 514,000.00 7,75% 1825 514,000.00 June 8/00 RBC 171,049.32 7.64% 799 200,860,00 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 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 1100 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 11999,999.91 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 Nov 27/97 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.2/98 WOOD GUNDN 47,999.92 3.98% 296 49,523.00 Feb 1/96 RBC 58,479.40 5.95% 2032 80,639.00 Dec 15/02 MTL 1,978,840.00 3.28% 119 2,000,000.00 Sept 22/97 RBC 25,125.57 5.95% 2025 34,613,00 Dec 15/02 WOOD GUNDN 715,539.24 3.70% 356 741,000.00 June 2/98 RBC 427,625.00 5.50% 1628 542,878.00 Dec 1/01 RBC * 250,000.00 3.00% 180 250,000.00 Dec21/97 WOOD GUND 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 10197 RBC 2,577,616.00 4.15% 383 2,690,060.00 Sept 1/96 i TOTAL RESERVE FUND 30033'72834' ITOTAL INVESTMENTS !45408/78:34 *Bond Investment. Interest pald on a quarterly basis. I DN:CASHPTE PART'E' AUGUST 1997 �— Development Charges :iTotall I Town I Region C.H.E.C. L.Caldwell ;;$';774;00 — 5,131.00 1,643.00 — L.26,CA,Darlington B/P#97.0645 M.Albright 6,724 QQ — 5,131.00 1,643.00 — L.15,C.3,Darlington 40R14713 B/P#97.0622 Eiram Dev.Corp. ;286Q200 — — 29,602.00 — L.10,C.3,Bowmanville 40M1714/40M1776 B/P#97.0500-504 Everest Dev. 00 — — 1,348.00 — L.31,C.2,Darlington 40M1709 B/P#97,0673-676 Kaitlin Group z>7i3;78500 — 35,917.00 43,848,00 — L.15,C.1,Darlington 40M1864 B/P#97.0529,062 4-0627,0706 Andelwood Homes j.2;43s00 — 5,131.00 7,308.00 — L.34,C.2,Darlington 40M1847 B/P#97.0668 B.Canfield >;>;6;77.400 — 5,131.00 1,643.00 — L,31,C.7,Clarke 1OR3502 B/P#97.0697 Wilmot Creek :::; 61500 — 615.00 — — Lot 586 BFC,Darlington B/P#97.0728 J.Winters (';6.4300 — — 1,643.00 — L.18,C.5,Darlington LD90/175 B/P#97.0687 290572 Ontario Ltd. 373,t:7,QO — 15,393.00 21,924.00 — L,29,C.2,Darlington 40M1839 B/P#97.0709-0711 Simkins Homes 115,300 00 — — 13,300.00 — L.33,C.2,Darlington 40M1876 B/P#97.0580-0581 Kenning Construction 6;7]4100: — 5,131.00 1,643.00 — L.25,C.5,Darlington 1OR1522 B/P#97.0700 NuBuild Contracting 23,562,00 — 10,262.00 13,300.00 — L.34,C.2,Darlington 40M1798 B/P#97.0718-0719 Storybook Homes 1:3;068>00 — 5,131.00 7,308.00 629.00 j L.13,C.2,Bowmanville LD243/95 B/P#97.0729 .. Dragstra 7403.,9,0 — 5,131.00 1,643.00 629.00 L.11,BFC.,Bowmanville B/P#97.0677 J.Brudek .;,.... 24.00 — 5,131.00 1,643.00 — L,14,C.8,Darlington B/P#97.0740 TOTALS 253 63 .66 0.00 103 235.00 149 439.00 1 258.00 DN:CASHPTE PART"E" AUGUST 1997 [FCONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND 11,180.00 Bowmanville Professional Bldg, 3,400.00 D EV97.032 222 King St., Bowmanville Total Cash—in—Lieu of Parkland 14,580.00 CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES Devon Downs Dev, 8,200.37 Trullsway— Ph.1 Markborough Properties 9,004.05 Claarington Centre Veltri&Sons Ltd. 15,538.00 High Street, Bowmanville C&J Rowe 5,405.24 18T96002 Martin Road Holdings 40,406.00 Clarington Corners, Ph.1 Bowmanville Professional Bldg. 2,550.00 D EV97.032 222 King St., Bowmanville 1220582 Ontario Ltd, 36,882.51 Fieldstone, Ph.5 Total Engineering and Inspection Fees Contributions 117,986.17 CONTRIBUTIONS — ROADS 0.00 Total Roads Contributions 0.00 0 i1