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Home My WebLink AboutTR-40-97 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File# Date: May 20, 1997 Res. #_E <<� By-Law# Report#: TJ X0=97 File#: Subject: CASH ACTIVITY REPORT - FEBRUARY 1997 Recommendations: i It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-40-97 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 February 28, 1997, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of February, 1997, be confirmed. BACKGROUND AND COMMENT: I I 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 February 28, 1997 and the comparative information for the month ended February 28, 1996. Respe tfal y s mitted, Reviewed by, Lak—M-1. ' arie A. Marano, H.BSe.,A.M.C.T., W.H. Stockwell, j Treasurer. Chief Administrative Officer. MM/LG/hjl I Attachments i I PAPELA E � E� - 906 THIS IS PRiN1ED W RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of FEBRUARY 1997 FEBRUARY: FEBR ARY f,.997 1996 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 12,809,184 UNCONDITIONAL GRANT MUNICIPAL SUPPORT GRANT GRANTS—IN—LIEU: GOVT OF CANADA GIL MUNICIPAL TAX ASSISTANCE GIL 0 21,102 HYDRO GIL MEMORIAL HOSPITAL GIL MINISTRY OF HOUSING GIL LCBO GIL REGION GIL BELL TELEPHONE GIL ONTARIO HYDRO PROCEEDS DUFFERIN AGGREGATES—ROAD CLOSURE Q 140,000 NATURAL RESOURCES—PITS&QUARRIES SUBSIDIES: HANDI—TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION DEVELOPMENT CHARGES—TOWN >>25:464 10,262 GENERAL 318,525 INTEREST 59 83S> 28,389 DEVELOPMENT CHARGES—REGION/PUC ' > 53E97 27,916 1;4685:2 13,355,378 USE OF FUNDS: PAYROLL 694,619 REGION LEVY i;i2;75:3:424> 0 SCHOOL BOARD LEVIES 3 :Q 0 GENERAL—INCLUDING CAPITAL EXP. ?''2375fi61; 2,161,125 5;84 7i4)7;T. 2,855,744 NET CASH PROVIDED (USED) 4,.4166; 10,499,634 BANK NET CASH BANK BALANCE PROVIDED gALANE;; i BALANCE FINANCIAL POSITION: JAN.31/97 (USED) FEB.28/96 GENERAL FUND 1,685,274 (19,271):...." ?1>6.66'O.OZ 6,101,945 RESERVE FUND 2,857,154 357,902 ;215;Q56 3,052,864 MUNICIPAL POOLED INVESTMENTS 65,223 176 6 ,39 19,913 INVESTMENTS (GENERAL+ RESERVE FUND) 32,919,113 8,505,353 424';468; 34,898,637 TOTALS 37,526,764 8,844,160 .,..,....:;:'45 070 924' 44.073.3591. NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 907 i CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of February 1997 JANUARY >FEBRUARY;:: FEBRUARY 1997 INTEREST TAXES PAYMENTS 1996 RECEIVABLE ADDED BILLED BALANCE /ADJUST.*** as CURRENT YEAR TAXES 420,013 13,994,353 13,574,340 ( ) (14,615,849) €1,t341;51Q) (331,452 PENALTY AND INTEREST 0 51 51 215 26 ; 368 1996 YEAR TAXES 3,968,559 3,968,559 (591,168) <' 37739[ 3,235,061 ,................+........... PENALTY AND INTEREST 243,771 50,230 294,001 (27,115) 2885 234,811 0 1995 YEAR 0 TAXES 1,672,908 1,672,908 (213,753 : ; ;1:;453;1515;;; 1,559,554 PENALTY AND INTEREST 232,051 21,298 253,349 (41,713)< > : :'21:153& 211,217 0 PRIOR 0 TAXES 1,440,153 1,440,153 (224,806):;:;; '> 1'25i3:4E> 1,331,849 PENALTY AND INTEREST 384,707 18,431 403,138 (63,707) : :: :339,41;; 380,752 TOTAL 7,522,1361 90,009 13,994,353. 21,606,497 (15,777 897 %«< 286Q1< 6,622,160 TOTAL TAXES LEVIED INCLUDING REGION AND SCHOOL BOARDS) ) N/A N/A 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 C co PART "C" STATISTICAL INFORMATION FOR THE MONTH OF FEBRUARY, 1997 Payment Received - Taxes 26,210 Tax Certificates 98 Number of Properties eligible for Tax 72 Registration (see Note 1) Accounts Payable Cheques Issued #14829 to 15323 495 Number of Births Registered 46 Number of Deaths Registered 57 Note l: Only includes those properties whose arrears are greater than $10,000. I I i i I 909 INVESTMENTS OUTSTANDING PART"D" AS AT FEBRUARY 28,1997 I IN FINANCIAL INTEREST #OF DAYS GENERALFUND INSTITUTION COST RATE O/S VALUE DATE TD 2,995,230.00 2.90% 20 3,000,000.00 MAR,3/97 CIBC 2,499,955.33 3.03% 34 2,507,000.00 MAR 25/97 BNS 3,000,000.00 3.04% 30 3,007,495.89 MAR 27/97 IMTL 2,992,530.00 3.04% 30 3,000,000.00 MAR 27/97 TOTAL GENERAL FUND A:1 AZ715i 83: 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 GUNDN 809,999.81 4.34% 289 837,642.00 July 2/97 i RBC 1,332,840.80 4.02% 185 1,360,000.00 Mar 20/97 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 3.16% 360 2,219,000.00 Nov 27/97 HONG KONG 2,036,643.44 3.13% 91 2,052,536.51 May 12/97 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 TOTAL RESERVE FUND 29 938 Z59,'54> TOTAL INVESTMENTS 41'424465187>i Bond investment Interest paid quarterly basis. i 910 DN:CASHPTE PART "E° FEBRUARY 1997 Development Charges Lev'e Lot LTt�t�t i s Town Region C.H.E.C. Andelwood Homes 7;3;08;:0.0: — 0.00 7,308.00 — L.34, C.2, Darlington 40M1847 B P#97.0013 1008941 Ontario Ltd. 1p00.0: — 0.00 13,300.00 — L.31, C.3, Darlington 40M1 860 B/P97.0011 —0012 290572 Ontario Ltd. .5724 :4 — 41,208.34 54,516.00 — L.29, C.2, Darlington 40M1839/40M1 840 B/P#97.0019-0023 0040-0042 1138337 Ontario Ltd. ` :13;;068 01 — 5,760.00 7,308.00 — L.28, C.BF, Clarke B P#96.0846 Eiram Development 2 4 378 00 — 178,145.00 44,218.00 22 015.00 .........:........ L.10, C.3, Bowmanville 40M1776/40M 1714 B P#96.013-017 019 Veltri &Sons Ltd. 34560;0:0; — 29,528.00 0.00 5,032.00 L.8, C.1, Bowmanville 40M1 691 I TOTALS 448` 3$ 4 0.00 254 641.34 126 650.00 27 047.00 I 911 I DN:CASHPTE PART "E" FEBRUARY 1997 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND 0.00 Total Cash—in—Lieu of Parkland 0.00 CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES 829426 Ontario Ltd. 10,362.64 Clarington Centre I Total Engineering and Inspection Fees Contributions 10,362.64 CONTRIBUTIONS — ROADS 0.00 Total Roads Contributions 0.00 I I I 912