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Home My WebLink AboutTR-41-97 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE c...( g: File# Date: May 20, 1997 Res. # Report#:--TII 1-9-7 File #: By-Law# Subject: CASH ACTIVITY REPORT - MARCH 1997 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-41-97 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 March 31, 1997, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of March, 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 March 31, 1997 and the comparative information for the month ended March 31, 1996. I Respectfully submitted, Reviewed by, ht-a'r-ice A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. I MM/LG/hjl Attachments I EaP E 913 IS RECYCLED RECYCLE ER TH 6 PR: IX1 RECYCLED POPE S i CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of MARCH 1997 MARCH. MARCH 1997;: 1996 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 3,050,627 2,610,199 UNCONDITIONAL GRANT MUNICIPAL SUPPORT GRANT GRANTS—IN—LIEU: GOVT OF CANADA GIL MUNICIPAL TAX ASSISTANCE GIL _ HYDRO GIL MEMORIAL HOSPITAL GIL MINISTRY OF HOUSING GIL LCBO GIL REGION GIL BELL TELEPHONE GIL ONTARIO HYDRO PROCEEDS COIW INFRASTRUCTURE GRANT 28,967 213,882 NATURAL RESOURCES—PITS&QUARRIES SUBSIDIES: HANDI—TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION DEVELOPMENT CHARGES—TOWN 52,0.$5 224,965 GENERAL 927:,796: 749,715 INTEREST 110:793; 104,733 DEVELOPMENT CHARGES—REGION/PUC 151;:,4.6.5:] 223,780 4,3.,3Q:,753 4,127,274 USE OF FUNDS: PAYROLL 681;,081;: 689,001 REGION LEVY _. 41....,4 2,632,359 SCHOOL BOARD LEVIES 8,527:;11. 8,346,178 GENERAL—INCLUDING CAPITAL EXP. 1,5.32;019: 1,264,568 12,932,106 . .. ........... 1Q,740,515 ......:........ ........ NET CASH PROVIDED (USED) 6,409;762) (8,804,832) BANK NET CASH BANK**:*:.:: BANK BALANCE PROVIDED BALANCE>... BALANCE FINANCIAL POSITION: FEB.28/97 (USED) MAR01,/97 MAR.31/97 GENERAL FUND 1,666,002 434,117 2 iQ0,119 1,610,535 RESERVE FUND 3,215,056 101,491 3,3..16,547 3,730,719 MUNICIPAL POOLED INVESTMENTS 65,399 (42 920) ;;, 22,479: 20,030 INVESTMENTS (GENERAL+ RESERVE FUND) 41,424,466 (6,902 449) ! 34;522 01 fi;: 29,907,243 TOTALS 46,370,924 6 409,762 39 961,162 35,268,527 I I i NOTE A: Difference in comparison between years due to timing difference in receipt of funds. I 914 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of March 1997 FEBRUARY MARCH 1997 INTEREST TAXES PAYMENTS 1997 1996 RECEIVABLE ADDED BILLED BALANCE /ADJUST.*** CURRENT YEAR TAXES (1,041,510) (1,041,510) (755,072) t1,?96,582] (950,322 PENALTY AND INTEREST 265 24,561 24,826 (6,999).; 1:7;:827;: 19,263 1996 YEAR TAXES 3,377,391 3,377,391 (253,202) 3,124,1;89 3,146,641 PENALTY AND INTEREST 266,885 42,828 309,713 (88,246);;;;:;:: > ::;22:1:467: 243,724 1995 YEAR TAXES 1,459,155 1,459,155 (72,186) 1,386,S7fl 1,480,904 PENALTY AND INTEREST 211,636 18,575 230,211 (44,289) 210,295 PRIOR TAXES 1,215,346 1,215,346 (88,886) x,126,4:61' 1,245,955 PENALTY AND INTEREST 339,431 15,575 355,006 (59,144) 2958G2: 361,792 TOTAL 5.808 601 101 538 0 5 930 139 1 368 023 4 562:116: 5 758 252 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) PERCENT OF CURRENT TAXES OUTSTANDING *** 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 a z H td U'] PART "C" STATISTICAL INFORMATION FOR THE MONTH OF MARCH, 1997 Payment Received - Taxes 2,236 Tax Certificates 276 Number of Properties eligible for Tax 65 Registration (see Note 1) Accounts Payable Cheques Issued #15324 to 15782 459 Number of Births Registered 36 Number of Deaths Registered 23 I I Note 1: Only includes those properties whose arrears are greater than $10,000. I i I i i 916 INVESTMENTS OUTSTANDING PART"D" AS AT MARCH 31,1997 INVESTMEN OF DAYS DINSTITUTION COST RATE O/S VALUE DATE GENERALFUND TD 2,985,630.00 3.08% 57 3,000,000.00 APR 30/97 TD 1,488,165.00 3.19% 91 1,500,000.00 JUNE 19/97 ITOTAL GENERAL FUND 4:473 795:01):: 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 GUNDN 2,210,809.60 8.90% 774 2,648,374.00 April 11/97 WOOD GUNDN 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 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 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 HONG KONG 2,036,643.44 3.13% 91 2,052,536.51 May 12/97 j 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 I TOTAL RESERVE FUND 30048221,42> TOTALINVESTMENTS *Bond investment. Interest paid on a quarterly basis. 917 DN:CASHPTE PART°E" MARCH 1997 Development Charges Tot Lot � ..... L�Levies Town Region C.H.E.C. Clarington Dev, Corp. ;; !2 878 Qp — 10,262.00 14,616.00 — (1000690 Ontario Ltd.) L.30 C.2 Darlington 40M1820 B/P#97,0039, 97.0072 Andelwood Homes .... ;747(J0 — 5,131.00 14,616.00 — L,34, C.2, Darlington 40M1847 B/P97.0047, 97.0083 Ridge Pine Park 6;7:5'00 — 615.00 — — ............ :>::::>::::>:::::::: Lot 46, BFC, Darlington B/P#97.0077 290572 Ontario Ltd. 72002O.p — 30,786.00 41,216.00 — L.29, C.2, Darlington 40M1839 B/P#97.0060-0064 97.0066 Lord Elgin Homes 629 — 0.00 — 629,00 L.12, C.2, Bowmanville 40M1764 B/P#96.0794—0795, 0857 Kaitlin Group 7303DOQ: — 0.00 73,080.00 — (Martin Road Holdings) L,15 C.1 Darlington 40M1816 B/P#97.0057 290572 Ontario Ltd. 2'x993 — 5,291.34 7,308.00 — L.29, C.2, Darlington 40M1840 B/P#97.0084 ITOTALS '203 5.5.K 3 4 0.00 52 085.34 150 836.00 629.00 i 918 DN:CASHPTE PART"E" MARCH 1997 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND Kiddicorp Investments 573.84 Cedarbrooke Subdivision — Ph. 3 Total Cash—in—Lieu of Parkland 573.84 CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES Kiddicorp Investments 5,911.36 Cedarbrooke Subdivision — Ph. 3 Black Creek Developments 4,672.90 Cedarbrooke Subdivision — Ph. 3 Total Engineering and Inspection Fees Contributions 10.584.26 CONTRIBUTIONS — ROADS 0.00 Total Roads Contributions 0.00 i 919