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Home My WebLink AboutTR-87-97 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# Date: September 22, 1997 Res. Sy-Law# Report#: ---87-97 File#: Subject: CASH ACTIVITY REPORT - JULY 1997 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-87-97 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 July 31, 1997, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of July, 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 July 31, 1997 and the comparative information for the month ended July 31, 1996. Respect y submitted, Reviewed by, Marie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, I Treasurer. Chief Administrative Officer. MAM/LG/pp Attachments RECYCLED PAPI PAPER RECYDLE 10 T/RSI PREMED M RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of JULY 1997 UL, JULY 1.997: 1996 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 3,767.6.47: 7,073,267 UNCONDITIONAL GRANT D: 257,302 MUNICIPAL SUPPORT GRANT 1 0;;354 0 GRANTS—IN—LIEU: : ...... ... i.....> ................................ GOV'T OF CANADA GIL MUNICIPAL TAX ASSISTANCE GIL Q 35,640 HYDRO GIL MEMORIAL HOSPITAL GIL MINISTRY OF HOUSING GIL LCBO GIL REGION GIL BELL TELEPHONE GIL 0 217,318 ONTARIO HYDRO PROCEEDS 375;00.0:' 350,000 COURTICE COMMUNITY CENTRE FUND RAISING 5q.0.p0. 0 COIW INFRASTRUCTURE GRANT NATURAL RESOURCES-PITS&QUARRIES ............... ....::.. SALE OF LAND SUBSIDIES: MINISTRY OF TRANSPORTATION HANDI-TRANSIT SUBSIDY ...`;1:7033: 17,033 DEVELOPMENT CHARGES-TOWN 1A2781 325,813 GENERAL 9.65;0.69; 655,149 INTEREST T198G4; 19,398 ........:........................ DEVELOPMENT CHARGES-REGION/PUC »20x:5..1 j1€ 342,003 5,834;25) 9,292,923 USE OF FUNDS: . PAYROLL 690.;7..5...2 707,945 REGION LEVY SCHOOL BOARD LEVIES 0 1,181,484 GENERAL—INCLUDING CAPITAL EXP. 2:f83028> 2,135,524 . 2.823..;7.8..0: 4,024,953 NET CASH PROVIDED (USED) 2,96Q,479 5,267,970 BANK NET CASH BANK<<«>;<i;;; ;; BANK ...........................I..... ................................. BALANCE PROVIDED J@ AIJAN ...... BALANCE FINANCIAL POSITION: JUNE 30/97 (USED) JEJ,[Y31/9.7.....:: JULY 31/96 GENERAL FUND 2,797,811 (645,308)<i52503 2,736,807 RESERVE FUND 3,537,135 527,219 4,06{354; 3,831,878 MUNICIPAL POOLED INVESTMENTS 26,539 1,575,02460;t,;562 20,967 INVESTMENTS (GENERAL+ RESERVE FUND) 45,264,835 1,503,544 ..,,,.: 4s,7.6e!3.7 :! 43,204,961 TOTALS 51,626,320 2,960,479 ..: : ;5.4 586`7,9,8:; 49.794,613 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. U � � CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of July 1997 JUNE _JUL JULY 1997 INTEREST TAXES PAYMENTS :1::997:: ;;.;;;<; 1996 RECEIVABLE ADDED BILLED BALANCE CURRENT YEAR TAXES 2,056,106 2,056,106 (1,066,961) 989;:146.; 1,359,128 PENALTY AND INTEREST 71,247 62,685 133,931 (25,035) 1138 89. 115,521 1996 YEAR TAXES 2,411,430 2,411,430 (148,347)..'', 2,341,646 6 3;1)83 2,341,646 PENALTY AND INTEREST 217,673 30,619 248,292 (29,239) 2.1..3;£354;: 244,112 1995 YEAR TAXES 1,042,717 1,042,717 (97,146);:.;::;::;':;::::.;945;572:; 1,109,611 ................. .... PENALTY AND INTEREST 152,853 13,387 166,240 25,696) 14154:4 182,379 PRIOR TAXES 918,624 918,624 (67,806) 850!$. 848,398 PENALTY AND INTEREST 392,816 11,817 404,633 (23,500)...___;:.._381:;133::; 266,169 TOTAL 7,263,466, 118 508 0 7 381 973 1 483 729 8 898 245: 6 466 964 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 60:.1;51>295s 58 229 105 PERCENT OF CURRENT TAXES OUTSTANDING 1.54% 2.33% *** 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 F-3 PART "C" STATISTICAL INFORMATION FOR THE MONTH OF JULY, 1997 Payment Received - Taxes 2,521 Pre-authorized Payments 1,013 Tax Certificates 160 Number of Properties eligible for Tax 45 Registration (see Note 1) Accounts Payable Cheques Issued #17333 to 17877 545 Number of Births Registered 8 Number of Deaths Registered 6 Note 1: Only includes those properties whose arrears are greater than $10,000. � J � INVESTMENTS OUTSTANDING PART"ID" AS AT JULY 31,1997 DFINANCIAL INVESTMENT INTEREST #O DAYS I MATURITY I MATU INSTITUTION COST RATE O S VALUE DATE TY GENERAL FUND TO 2,970,660.00 3.40% 106 3,000,000.00 AUG 15,/97 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 SEPT 25/97 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 TOTAL GENERAL FUND 1.734b<170.00: 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 6.875% 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 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 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 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 HONG KONG 2,052,536.51 3.35% 90 2,069,491.03 Aug 11/97 RBC 58,479,40 5.95% 2032 80,639.00 Dec 15/02 TO 1,984,300.00 3.21% 90 2,000,000.00 Aug 21/97 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 Dec 21/97 I. WOOD GUNDN 837,999.52 3.49% 214 855,119.00 Feb 1/98 TOTAL RESERVE FUND TOTAL INVESTMENTS :4,6;760;$79,4k *Bond Investment. Interest paid on a quarterly basis. 8 J 4 DN:CASHPTE PART'E' JULY 1997 Development Charges ;>Tptal Lot Levies Town Region C H E C W.Schleiss 1222273 — 5,131.00 7,091.73 — L.34,C.3,Darlington 40M1854 B/P#97.0558 290572 Ontario Ltd, ».<59 i'563,00 — 25,655.00 33,908.00 — L.29,C.2,Darlington 40M1839 B/P#97.0562,0563,0566 A.Veenstra LA8,C.5,Darlington 5,131.00 1,643.00 — 40814776 B/P#97.0478 Fridel Ltd, 17,504.00 25,812.76 — L.31,C.2,Darlington 40M1821 B/P#97.0576-0579 Baywood Homes 5425380 — 20,524.00 29,232.00 1,497.40 L.12,C.2,Bowmanville 40M1852 B/P#97.0497,050 7—050 9 Wilmot Creek j8,460Q — 1,845.00 — — BFC,Darlington Lot 297,115, 116 B/P#97.0611-0612 Trulls Land Corp. 76;843.86 — 20,811.86 55,832.00 — (1000690 Ontario Ltd.) L.31,C.3,Darlington 40M1860 B/P#0468-0471,0616-0619 B.Sarginson 5,131.00 1,643.00 — L.14,C.8,Darlington 4OR16747 B/P#97.0573 Timberlane Dev.Corp, 33;824,00. 20,524.00 13,300.00 — (1008941 Ontario Inc,) L.33,C.6,Darlington 4OM1876 B/P#97.0601-0602 1138330 Ontario Ltd. 13,300.00 — L.33,C.2,Darlington 40M1876 B/P#97.0603-0604 J.Winters 513.1;0,0; — 5,131.00 — — L.18,C.5,Darlington LD90/175 K.Morisette 5,131.00 1,643.00 — L.33,C.8,Clarke LD95/039 B/P#97.0516 W.Vogel 6:,1,3,1;00: — 5,131,00 — — L.1,C.8,Darlington B/P#97.0596 Andelwood Homes 92439;00. — 5,131.00 7,308.00 — L.34,C.2,Darlington 40M1847 B/P#97.0608 Simkins Homes 1.,3,,300:00 — — 13,300.00 — L.33,C2,Darlington 40M1876 B/P#97.0482-0483 TOTALS 1;;.34$291:75 0.00 142 780.86 204 013.49 1 497.40 I i I 8J D DN:CASHPTE PART'E' JULY 1997 CONTRIBUTIONS—CASH—IN—LIEU OF PARKLAND Bow.&Fiddle Inc. 3,900.00 Pt.L.12,CA,Bowmanville DEV97-011 Devon Downs Dev. 12,600.00 Pt.L.31,C.3,Darlington 18T90004 Consumers Gas 309.54 Easement—Peter's Pike Parkette Total Cash—in—Lieu of Parkland 16,809.54 CONTRIBUTIONS—ENGINEERING AND INSPECTION FEES Martin Road Holdings 11,755.00 Aspen Springs—Phase 6 Total Engineering and Inspection Fees Contributions 11,755.00 CONTRIBUTIONS—ROADS 0.00 Total Roads Contributions 0.00 I I i