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Home My WebLink AboutTR-84-97 C� THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# eko 'co Date: September 22, 1997 Res. # �� 7 By-Law# Report#:TR-84-9-7-- File#: Subject: CASH ACTIVITY REPORT - JUNE 1997 i Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-84-97 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 June 30, 1997, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of June, 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 June 30, 1997 and the comparative information for the month ended June 30, 1996. Respect f l submitted, Reviewed by, to A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. i MAM/LG/pp Attachments ECYP D FLE E�.RER J PA q q lE R THIS4 PRIME-C4 RELY-D PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of JUNE 1997 JUNE i JUNE 1:997 1996 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 1:4.,879;272; 11,347,311 UNCONDITIONAL GRANT MUNICIPAL SUPPORT GRANT 171;354:: 257,302 GRANTS—IN—LIEU: GOV'T OF CANADA OIL MUNICIPAL TAX ASSISTANCE GIL HYDRO GIL MEMORIAL HOSPITAL GIL MINISTRY OF HOUSING OIL LCBO GIL . REGION GIL BELL TELEPHONE GIL 0' 208,771 ONTARIO HYDRO PROCEEDS . COIW INFRASTRUCTURE GRANT 312s8s NATURAL RESOURCES—PITS&QUARRIES SALE OF LAND Q; 414,273 SUBSIDIES: MINISTRY OF TRANSPORTATION * ;,Q; 17,033 HANDI—TRANSIT SUBSIDY DEVELOPMENT CHARGES—TOWN 92;973; 77,392 GENERAL 73.029.0> 795,347 INTEREST > X. _,:.261,::*6 : 230,434 ...........................I.... ................................. DEVELOPMENT CHARGES—REGION/PUC 64.@:43 144,204 1,6,464;0.2.9 13,492,067 USE OF FUNDS: PAYROLL 7Q6.,792: 700,075 REGION LEVY 0: 0 SCHOOL BOARD LEVIES 7,533,376 .....................:........... ................................ GENERAL—INCLUDING CAPITAL EXP, 5'76. 7:'X; 1,702,622 12,518;54.6.: 9,936,073 NET CASH PROVIDED (USED) 3..,945.,483 3,555,994 ..... .. . BANK NET CASH BANK::: ;'::;:;:::::::» BANK ................................ ....................._._.__.. .....................I........... BALANCE PROVIDED BALANCE::::::'''::' BALANCE FINANCIAL POSITION: MAY 31/97 (USED) JlJN.1?,3A.97 JUNE 30/96 GENERAL FUND 905,442 1,892,369 .;::;::;::;:;.;2.,79.7,6;1:;1.; 7,109,159 RESERVE FUND 3,324,818 212,317 :.;:;::::.;:.;:3,537,,1;35;; 3,088,193 MUNICIPAL POOLED INVESTMENTS 23,421 3,117 26 539< 20,840 INVESTMENTS (GENERAL+ RESERVE FUND) 43,427,155 1,837,680 �t5,264,83ai 34,308,451 TOTALS 47,680,836 3,945,483 51.626 320: 44 5266 3 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 8 i0 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of June 1997 MAY }UF\(E;> ..;;: JUNE 1997 INTEREST TAXES PAYMENTS 1.997 :.: 1996 RECEIVABLE ADDED BILLED BALANCE /ADJUST.*** CURRENT YEAR TAXES 2,865,676 16,081,294 18,946,971 (16,890,864) 2055, 06:: 2,293,024 PENALTY AND INTEREST 58,421 37,607 96,028 71247: 76,610 1996 YEAR TAXES 2,710,081 2,710,081 (298,651): ::.;2;41;::.:1.;:;4313; 2,519,778 PENALTY AND INTEREST 219,846 34,353 254,199 (36,526) 217, 73:: 247,222 1995 YEAR TAXES 1,178,838 1,178,838 (136,121) 1,042,717; 1,176,439 PENALTY AND INTEREST 160,030 15,089 175,119 181,437 PRIOR TAXES 1,000,814 1,000,814 ;; :01:$::.6..24; 1,012,670 �........... PENALTY AND INTEREST 272,008 12,844 284,852 107,964 3:92;:$7;6;:: 310,508 TOTAL 8,465,715 99 893 16,081,294 24 646 902 17 383 436 >>::>::>;:;:7 263<46:6> 7,817,688 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) f}:1:5;1::29 S.. 58,229,102 .......................:........... .................................... ................................. .......... ....................... ................................... ................................... ................................... PERCENT OF CURRENT TAXES OUTSTANDING 3 42Q/o. 3.94% *** 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 Czz tb PART "C" STATISTICAL INFORMATION FOR THE MONTH OF JUNE, 1997 Payment Received - Taxes 24,744 Pre-authorized Payments 1,018 Tax Certificates 98 Number of Properties eligible for Tax 49 Registration (see Note 1) Accounts Payable Cheques Issued #16863 to 17332 470 Number of Births Registered 44 Number of Deaths Registered 24 Note l: Only includes those properties whose arrears are greater than $10,000. 8 lo INVESTMENTS OUTSTANDING PART"D" AS AT JUNE 30,1997 INSTITUTION COST RATE O S VALUE DATE TO 2,97Q660.00 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 2,97,1060.00 3.35% 91 3,000000.00 SEPT 25/97 TO 2,975,160.00 3,35% 91 3,000000.00 SEPT 25/97 MTL 2,974,290.00 3.43% 92 3,000000.00 SEPT 30/97 ITOTAL GENERAL FUND 1070,Waoo:: 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 600,000.00 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 14/96 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% 1,906 143,051.00 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 1,499,195.25 5.17% 358 1,575,000.00 July 24/97 RBC 1,999,999.91 5.90% 762 2,251,745.00 Sept 1/98 WOOD GUNDN 809,999.81 4.34% 289 837,642.00 July 2/97 RBC 299,628.50 5.30% 1396 365,000.00 Sept 1/00 RBC 180,862.43 5.63% 1549 228,160.00 Feb 1101 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 GUND 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 TD 1,984,300.00 3.21% 90 2,000,000.00 Aug 21/97 MTL 1,978,840.00 3.28% 119 2,000000.00 Sept22/97 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 542,876.00 Dec 1/01 RBC * 250,000.00 3.00% 160 250,000.00 Dec 21/97 TOTAL RESERVE FUND 30 894494:98:: ITOTAL INVESTMENTS 45 P84'834:98 *Bond Investment. Interest paid on a quarterly basis, DN;CASHPTE PART"E" JUNE 1997 Development Charges Total Lot Levies Town Re ion C.H.E.C. Fridel LimitedQ;562 QQ — 10 262.00 13 300.00 — L.31, C.2, Darlington 40M1763 B/P#97.0332—0333 290572 Ontario Ltd, 47, 24 00 — 20,524.00 26 600.00 — L.29, C,2, Darlington 40M1839 B/P#97.0462-0463, 0481-0482 Keuning Construction 1,643.00 — L.19, C.8, Darlington 40M1826 B/P#97.0472 1000690 Ontario Inc, 20;524 00 — 20,524,00 — — L.30, C.2, Clarington 40M1820 B/P#97.0468—0471 Ridge Pine Park 615.00 — — Lot 578, BFC, Darlington B/P#97.0556 Timberlane Dev. Corp. X1,048 00 — 41,048.00 — — L.33, C.2, Darlington 40M1876 LD 230—233/95 Simkins Homes 13390 QQ — — 13,300.00 — L.33, C.2, Darlington 40 M 1876 j B/P#97.0517-0518 _..... >......::: TOTALS 1:47 8.:1:6Q.Q 0.00 92 973.00 54 843.00 0.00 i I I ULU i i i DN:CASHPTE PART"E" JUNE 1997 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND 1000690 Ontario Inc, 2,790.00 L.30, C.2, Darlington LD230 to 233/95 Timberlane Dev. Corp. 15,580.00 L,33, C.2, Darlington 40M1876 LD 230—233/95 Cooper Fuels Ltd 700.00 L. 11 &12, C.1, Clarke LD 115/97 Total Cash—in—Lieu of Parkland 19,070.00 CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES i Total Engineering and Inspection Fees Contributions 0.00 CONTRIBUTIONS — ROADS Total Roads Contributions 0.00 i �I