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Home My WebLink AboutTR-70-97 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# Date: July 7, 1997 Res. # By-Law# Report#: TR70 97 File#: Subject: ' CASH ACTIVITY REPORT - MAY 1997 i Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-70-97 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 May 31, 1997, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of May, 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 May 31, 1997 and the comparative information for the month ended May 31, 1996. Respectfully submitted, Reviewed by, 44 IFarie A. rano, H. Se.,A.M.C.T., W.H. Stockwell, lreasurer. Chief Administrative Officer. MM/LG/hjl Attachments ! I I PAP ER 8 2 6 REPCYC nECYCLE THGI PREMED CN RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of MAY 1997 MAY: MAY 1.9J7 1996 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 2,420,195 4,169,933 UNCONDITIONAL GRANT MUNICIPAL SUPPORT GRANT GRANTS—IN—LIEU: GOVT OF CANADA GIL MUNICIPAL TAX ASSISTANCE GIL HYDRO GIL 1,.0464,4„0 1,036,633 MEMORIAL HOSPITAL GIL MINISTRY OF HOUSING GIL LCBO GIL REGION GIL -! BELL TELEPHONE GIL 23,4. 4 ONTARIO HYDRO PROCEEDS I COIW INFRASTRUCTURE GRANT 17,965 j NATURAL RESOURCES—PITS&QUARRIES SUBSIDIES: HANDI—TRANSIT SUBSIDY DEVELOPMENT CHARGES—TOWN 62 ;36.4; 132,770 GENERAL 1,234;46: 818,073 INTEREST 9330D 57,790 DEVELOPMENT CHARGES—REGION/PUC 244,769 6,477,933 USE OF FUNDS: PAYROLL 1 021;082: 996,578 REGION LEVY Q SCHOOL BOARD LEVIES p' GENERAL—INCLUDING CAPITAL EXP. 2 46;66$ 4,080,887 3 487;74x: 5,077,465 NET CASH PROVIDED (USED) 3 0,77.;:127; 1,400,468 BANK NET CASH ;B,A BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: APR.30/97 (USED) Mf1Y:31/97;:;:;< ::: MAY 31/96 GENERAL FUND 4,694,742 (3,789 300) 905,442; 2,055,682 RESERVE FUND 1,945,538 1,379 280 3,321818: 853,177 MUNICIPAL POOLED INVESTMENTS 23,332 89 ;:;..:;.:;;«: 23 103,030 INVESTMENTS (GENERAL+ RESERVE FUND) 37,940,097 5,487 058 4 ,47,155:. 37,958,760 TOTALS 44,603,70 40.970,649 NOTE A: Difference in comparison between years due to timing difference in receipt of funds, i i 827 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of May 1997 APRIL MAY MAY 1997 INTEREST TAXES PAYMENTS 1997, 1996 RECEIVABLE ADDED BILLED BALANCE /ADJUST.*** CURRENT YEAR TAXES 3,764,759 3,764,759 (899,083) 2,8 ,676:; 3,097,354 PENALTY AND INTEREST 27,856 46,032 73,888 (15,467) 58;421;: 63,263 1996 YEAR TAXES 2,875,298 2,875,298 (165,217) 7 2,829,273 PENALTY AND INTEREST 216,223 36,510 252,733 (32,887) ;i29846i 264,673 1995 YEAR TAXES 1,285,902 1,285,902 (107,064) 1,178,838: 1,380,124 PENALTY AND INTEREST 171,534 16,409 187,943 (27,913)..,_ ::1;6 ,03E3; 217,147 _ _ PRIOR TAXES 1,046,960 1,046,960 (46,146) 1,000;814: 1,157,146 PENALTY AND INTEREST 279,670 13,470 293,140 (21,131) 272;008.:; 354,796 TOTAL 9,668,202, 112,421 0 9,780,623, 8 465 7:1:a` 9,363,7761 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) ;:.; :.;::.;: ::::N/A ................................... ................................... .................................... ............ ...................... .................................... PERCENT OF CURRENT TAXES OUTSTANDING NIA N/A *** Includes refunds, write—offs, 496's, etc. NOTE 1: Tax payments do not tie into Part A due to timing differences since y Part A is on a cash basis (ie. difference due to outstanding deposits) NOTE 2: Final 1997 Budget not yet determined - N cc PART "C" STATISTICAL INFORMATION FOR THE MONTH OF MAY, 1997 Payment Received - Taxes 1,594 Pre-authorized Payments 1,019 Tax Certificates 267 Number of Properties eligible for Tax 64 Registration (see Note 1) Accounts Payable Cheques Issued #16349 to 16862 514 Number of Births Registered 41 Number of Deaths Registered 33 Note 1: Only includes those properties whose arrears are greater than $10,000. I i 829 i INVESTMENTS OUTSTANDING PART"D" AS AT MAY 31,1997 OINSTITUTION COST RATE O/S VALUE DATE GENERALFUND MTL 2,983,470.00 3.26% 62 3,000,000.00 JUNE 30/97 MTL 2,983,470.00 3.26% 62 3,000,000.00 JUNE 30/97 TD 1,488,165.00 3.19% 91 1,500,000.00 JUNE 19/97 TD 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 TOTALGENERALFUND 12800985: bl. 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 WOOD GUND 589,189.19 8.90% 833 715,626.00 June 9/97 RBC 250,000.00 8100% 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 * 403,000.00 7.25% 730 403,000.00 June 8/97 158,000.00 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 i RBC 234,787.20 7.30% 837 296,000.00 Nov 14/98 I 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 32,800.00 4.75% 1846 40,679.64 June 21/01 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 GUND 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 i RBC 180,862.43 5.63% 1549 228,160.00 Feb 1/01 I 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 i i 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 1/98 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 2,000,000.00 Sept 22/97 RBC 25,125.57 5.95% 2025 34,613.00 Dec 15/02 i TOTAL RESERVE FUND 30528298.83: TOTAL INVESTMENTS '43142716,4,0,5 *Bond Investment. Interest paid on a quarterly basis. I 830 DN:CASHPTE PART'E' MAY 1997 Development Charges Total Lot Levies Town Re ion C.H.E.C. [40 0572 Ontario Ltd. 72 Obi bb - 30,786.00 41,216.00 - 9,C.2,Darlington M1839 P#97.0362,0365-0369 Baywood Homes 1,18015958. - 465,583.58 654,192.00 60,384.00 L.12,C.2,Bowmanville 40M1852 B/P#97.0154-0159,0162-0189, B/P#97.0196-197,0200-0215, B/P#97.0238-0249,0294-0298, B/P#97.0381-0397 S.Bruinsma 6,77400: - 5,131.00 1,643.00 - LA,C.7,Darlington 1 OR1444 B/P#97.0250 Trulls Land Corp. 23,562 OO; - 10,262.00 13,300.00 - (1008941 Ont.Inc.) L.31,C.3,Darlington 40M1860 B/P#97.0350-0351 Penwest Dev.Corp. _:,:167400 - 0.00 674.00 - L.31,C.2,Darlington 40M1709 B/P#97.0318-0319 _..... !._._.. ` ........................ 1008941 Ont.Inc. 12,439 00 - 5,131.00 7,308.00 - L.31,C.3,Darlington 40M1847 B/P#97.0352 Derek Baird Holdings 12;352 77; - 5,044.77 7,308.00 - L.31,C.3,Darlington 40 M 1755 B/P#97.0353 290572 Ontario Ltd, 25,815.37 33,908.00 - L.29,C.2,Darlington 40M1839,40M1840 B/P#97.0363-0364,0399-0400, B/P#97.0433 Wilmot Creek 615.00 - - Lot 103,BFC,Darlington B/P#97.0421 D.English 5;13100. - 5,131.00 - - L.31,32,C.8,Darlington B/P#97.00067 Kaitlin Group 1.64y612.00. - 61,572.00 103,040.00 - L.15,C.1,Darlington 40M1816,40M1864 B/P#96.0780-0781,96.0821,96.0890, B/P#97.0030,0303-0306,0341-0346 VeenstraConstruction :::-7::403.00. - 5,131.00 1,643.00 629.00 40R16986 B/P#97.0153 Andelwood Homes 12439 00: - 5,131.00 7,308.00 - L.34,C.2,Darlington 40M1847 B/P#97.0430 TOTALS i 55T886 72 Po-o-L. 625 333.72 871 540.00 1 61 013.00 I 831 DN:CASHPTE PART'E' MAY 1997 CONTRIBUTIONS —CASH—IN—LIEU OF PARKLAND Detox 1,050.00 LD109/96,LD110/96 L BFC,Darlington Total Cash—in—Lieu of Parkland 1,050.00 CONTRIBUTIONS —ENGINEERING AND INSPECTION FEES Total Engineering and Inspection Fees Contributions 0.00 CONTRIBUTIONS —ROADS Total Roads Contributions 0.00 i i 832