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Home My WebLink AboutTR-49-97 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE 'C�t Meeting: File# Date: June 2, 1997 Res. # -7 By-Law# Report#: TIR-49-9- __ File#: Subject: CASH ACTIVITY REPORT - APRIL 1997 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-49-97 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 April 30, 1997, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of April, 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 April 30, 1997 and the comparative information for the month ended April 30, 1996. Respectfully s bmitted, Reviewed by, I e A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. I MM/LG/hjl Attachments RECYCLED RECYCLE 8 3 3 IRIS IS PR'E ED Q4 RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of APRIL 1997 A.PR L APRIL 1.997: 1996 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED $036,22: 6,183,107 UNCONDITIONAL GRANT MUNICIPAL SUPPORT GRANT GRANTS—IN—LIEU; GOVT OF CANADA GIL MUNICIPAL TAX ASSISTANCE GIL .... 67.;.1.29..: HYDRO GIL MEMORIAL HOSPITAL GIL MINISTRY OF HOUSING GIL LCBO GIL REGION GIL BELL TELEPHONE GIL 2..1,3:,044: 208,771 ONTARIO HYDRO PROCEEDS 375,000' 350,000 COIW INFRASTRUCTURE GRANT 182,403 NATURAL RESOURCES—PITS&QUARRIES SUBSIDIES: HAND[—TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION 609,160 DEVELOPMENT CHARGES—TOWN 215.: 153,160 ix GENERAL 41;2,886; 546,402 INTEREST 68,837 DEVELOPMENT CHARGES—REGION/PUC 46:8.,626; 257,064 10 353:,839; 8,558,904 . ... . .. USE OF FUNDS: PAYROLL 675;773: 679,790 REGION LEVY 2,753;426: 2,632,359 SCHOOL BOARD LEVIES ......::0 0 GENERAL—INCLUDING CAPITAL EXP. 2,282;092; 945,101 6,717;29;1:; 4,257,250 NET CASH PROVIDED (USED) 4,6.42;5.481 4,301,654 BANK NET CASH BANK;:::-*..::.... ..: BANK BALANCE PROVIDED BALANGE BALANCE FINANCIAL POSITION: MAR.31/97 (USED) AP.RAOI9 XM,. : APR.30/96 GENERAL FUND 2,100,119 2,594 623 4,59.4,7}2; 4,889,797 RESERVE FUND 3,316,547 (1,371 010) 624,695 MUNICIPAL POOLED INVESTMENTS 22,479 853 23,33 ;; 20,219 INVESTMENTS (GENERAL+ RESERVE FUND) 34,522,016 3,418,080 .! 37,940 0.9..7: 34,035,470 TOTALS 39,961,162 4,642,548 44,6.Q3,7Q9. 39,570,181 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. I *NOTE B: No longer receive roads subsidy; replaced with Municipal Support Grant. 87 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of April 1997 MARCH APRIL. APRIL 1997 INTEREST TAXES PAYMENTS 19.97 1996 RECEIVABLE ADDED BILLED BALANCE /ADJUST.*** CURRENT YEAR ................................. .................................. :................................ .................................. TAXES (1,796,582) 13,994,353 12,197,771 (8,433,012) 3,764,759; 3,742,432 PENALTY AND INTEREST 17,827 19,558 37,385 (9,529) 27;856 30,878 1996 YEAR TAXES 3,124,189 3,124,189 (248,890) 2,875,2.98 2,965,088 PENALTY AND INTEREST 221,467 39,675 261,142 2;3 253,849 1995 YEAR TAXES 1,386,970 1,386,970 (101,068) 1,2$5,902: 1,423,519 PENALTY AND INTEREST 185,922 17,673 203,595 211,286 PRIOR TAXES 1,126,461 1,126,461 (79,501) 1,046,9;60; 1,207,099 PENALTY AND INTEREST 295,862 14,464 310,326 (30,656) 279, 70; 363,621 TOTAL 4 562 116 91,370 13,994 353 18,647 839 8 979,637 9.668 2:02;:' 10 197,7721 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) N/A. N/A PERCENT OF CURRENT TAXES OUTSTANDING N/A ��N/A 2777 U** 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) NOTE 2: Final 1997 Budget not yet determined NOTE 3: Current year taxes receivable are in a negative position because they represent prepaid taxes b a H ti PART "C" STATISTICAL INFORMATION FOR THE MONTH OF APRIL, 1997 Payment Received - Taxes 15,434 Tax Certificates 202 Number of Properties eligible for Tax 60 Registration (see Note 1) Accounts Payable Cheques Issued #15783 to 16348 566 Number of Births Registered 11 Number of Deaths Registered 25 Note 1: Only includes those properties whose arrears are greater than $10,000. I 836 INVESTMENTS OUTSTANDING PART"D" AS AT APRIL 30,1997 DFINANCIAL INVESTMENT INTEREST #OF DAYS MATURITY MATURITY INSTITUTION COST RATE O S VALUE DATE GENERAL FUND 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 TOTAL GENERAL FUND 7 455:t0500 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% 1356 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 8.00% 184 350,000.00 Mar 1/00 RBC 51,000.00 8.75% 730 59,925.00 May 1/97 56,000.00 8.875% 1095 70,910.00 May 1/98 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 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 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 WOODGUNDN 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 1/01 RBC 573,533.32 4.01% 724 619,969.00 Nov 14/98 RBC 2,151,919.63 3116% 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 WOODGUND 47,999.92 3.98% 295 49,523,00 Feb 1/98 HONG KONG 2,036,643.44 3.13% 91 2,052,536.51 May 12/97 i MTL 1,984,920.00 3.08% 90 2,000,000.00 May 26/97 CIBC 1,985,420.00 3.08% 87 2,000,000.00 May 23/97 ITOTAL RESERVE FUND 3Q 494 991:;89:: TOTAL INVESTMENTS 37 940 d96 89 *Bond investment. Interest paid on a quarterly basis. DN:CASHPTE PART'E' APRIL 1997 Development Char es Total Lot Levies Town Re ion C.H.E.C. Ridge Pine Park 9,230 00 — 1,230.00 — — (Wilmot Creek) BFC,Darlington Lots 582,591,717 B/P#97.0263-0264 NuBuild Constrn 39,816,00 — 20,524.00 19,292.00 — (David B.Thomas) L.34,C.2,Darlington 40M1798 B/P97.0229-0230,0325-0326 Everest Development Q05500 — — 6,066.00 — L.31,C.2,Darlington 40M1709 B/P#97.0096-0111,0113-0114 5;.1.3.100. J.Gerrits — 5,131.00 — — L.35,C.2,Darlington 1083099 B/P#97.0112 Kassinger Built Homes j:38;823;00 — 56,441.00 80,388.00 — L.32,C.3,Darlington 40M1780 B/P#97.0129-0139 290572 Ontario Ltd. 94;24880 — 41,048.00 53,200.00 — L.29,C.2,Darlington ........, 40M1839,40M1840 B/P#97.0233-0234,0277-0278, B/P#97.0299-0302 Clarington Inc. 2Q$.i.fi,6 Q(2 — 109,876.00 174,772.00 13,520.00 (Jourdan) L.12,C.1,Bowmanville DEV96-057 Walter Schleiss/Ray Holland j2222'73 — 5,131.00 7,091.73 — L.34,C.3,Darlington 40M1854 B/P#97.0271 Kaitlin Group 51,156.0D — — 51,156.00 — L.15,C.1,Darlington 4OM1816 B/P#97.0273-0274,0308-0312 Kalee Investments 25655;;00 — 25,655.00 — — L.19,C.8,Darlington 40M1826 B/P#96.0096 I Fridel Ltd. 2078,001 10,262.00 14,616.00 — L.35,C.2,Darlington LD142/95 B/P#97.0268-0269 Trulls Land Corp. A7124;00 — 20,524.00 26,600,00 — (1008941 Ont.Inc.) L.31,C.3,Darlington 40M1860 .. B/P#97.0279-0282 ..._..;.....:;: Andelwood Homes ]2;....g o0 — 5,131.00 7,308.00 — L.34,C.2,Darlington 40M1847 B/P#97.0315 i Simkins Homes Ltd. 12439 OQ — 5,131.00 7,308.00 — L.31,C.2,Darlington 40M839 B/P#97.0074 Kiddicorp Investments 12,{139,0.0 — 5,131.00 7,308.00 — L.34,C.2,Darlington 40M1847 B/P#97.0339 TOTALS 779 84Os73 0.00 31_12i 5.00 455 105.73 13 520.00 DN;CASHPTE PART"E" APRIL 1997 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND Clarington Inc. 22,500.00 (Jourdan) L.12, C.1, Bowmanville DEV96-057 Halloway Holdings 63,952.00 DEV96-054 Total Cash—in—Lieu of Parkland 86,452.00 I [CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES arington Place Ltd. 20,424.78 illsonia) Total Engineering and Inspection Fees Contributions 20,424.78 CONTRIBUTIONS — ROADS Clarington Inc, 1,980.00 (Jourdan) L.12, C.1, Bowmanville DEV96—057 Total Roads Contributions 1,980.00 I i i I I 839