HomeMy WebLinkAboutTR-36-97 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT i
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Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# L
Date: May 20, 1997 Res. #_Lf� - �7 G
Report#: m�3f�9�v- File#: By-Law#
Subject:
ANNUAL STATEMENT FOR THE DEVELOPMENT CHARGES RESERVE FUNDS FOR
THE YEAR ENDED DECEMBER 31, 1996
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-36-97 be received for information.
BACKGROUND & COMMENTS
In accordance with the Development Charges Policy Report dated February 5, 1992, section
2.12.2, the attached schedules show the annual activity in the development charges reserve funds
for the year ended December 31, 1996.
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Respectfully submitted, Reviewed by, j
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�_dri A. Marano, H.BSc., A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
Attachments: Schedule A
Schedule B
Schedule C
Schedule D
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PER RECYCLE
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MUNICIPALITY OF CLARINGTON
DEVELOPMENT CHARGE RESERVE FUND STATEMENT SCHEDULE"A'
FOR THE 1996 YEAR
Clarington Hydrc Reserve
Public Community Libraries Fire Civic Sub—Total Electric Fund
Works Services Protection Administration Commission Total
Balance as of
December 31,1995 (1,493,463) (1,716,796) 638,282 (163,354) (225,685) (2,961,016) (10,133
(2,971,149
PLUS:
Contribution from 0 0
Revenue Fund
Transfer from Lot Levy 0 0
Reserve Fund
Development Charge (1,062,463) (649,171) (124,995) (92,739) (86,691) (2,016,059) (20,757) (2,036,816
Proceeds
Accrued Interest (111,871) (115,206) (12,102) (12,834) (252,013) (252,013
Apportionment
SUB—TOTAL 2,667,797 2,481,173 513,287 268,195 325,210 5,229,088 30,890 5,259,978
LESS:
Amount Transferred to 187,213 64,118 899 252,230 252,230
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Capital Fund*
O Transfer to Revenue Fund** 115,373 115,373 115,373
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Transfer to Reserve Fund a 1,939,208 1,939,208 1,939,208
Transfer to CHEC 0 27,116 27,116
SUB—TOTAL 187,213 2,003,326 0 899 115,373 2,306,811 27,116 2,333,927
Closing Balance of (2,480,584) (477,847) 513,287 (267,296) (209,837) (2,922,277) (3,774) (2,926,051
December 31,1996
Committed Amounts from 1,157,263 3,580,972 1,071 156,000 4,895,306 3,774 4,899,080
Prior Year's Bud ets/A rovals**
Balance Available for (1,323,321) 3,103,125 513,287 (266,225) (53,837) 1,973,029 0 1,973,029
Future Needs
*See Schedule B
**See Schedule C
***See Schedule D
(a)C/S Development Charge Contribution to the construction of Courtice Community Complex
NOTE: Total Development Charges collected on behalf of Region in 1996 2,343,377
LESS: Amounts paid to Region 2,089,088
Total Development Charges due to the Region at December 31,1996 254,289
MUNICIPALITY OF CLARINGTON
CAPITAL FUND TRANSFERS SCHEDULE"B"
FOR THE 1996 YEAR
AMOUNT TRANSFERRED
RESERVE FUND NAME CAPITAL PROJECT TO CAPITAL FUND INTENDED APPLICATION
PUBLIC WORKS DEVELOPMENT CHARGE:
Equipment 10,024 Grass Cutting&Misc.small equipment
Uptown Avenue Extension 29,104 Road Reconstruction
Station Street Drainage 2,656 Road Drainage
Bowmanville West
Highway#2 Urbanization 74,492 Road Reconstruction
Williams Mill Road Bridge 1,395 Road&Bridge Reconstruction
Fourth Street 69,542 Road Reconstruction
Total 187,213
COMMUNITY SERVICES DEVELOPMENT CHARGE:
Park Development 64,118 Avondale Park
Total 64,118
O FIRE PROTECTION DEVELOPMENT CHARGE:
C� New Fire Headquarters 899 Furnishings/equipment
Total 899
MUNICIPALITY OF CLARINGTON
REVENUE FUND TRANSFERS SCHEDULE"C"
FOR THE 1996 YEAR
AMOUNT TRANSFERRED
RESERVE FUND NAME TO REVENUE FUND INTENDED APPLICATION
CIVIC ADMINISTRATION DEVELOPMENT CHARGE:
25,000 1996 Current Budget
90,373 1996 legal costs Re: Stolp Homes Development
Total 115,373
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MUNICIPALITY OF CLARINGTON
COMMITTED AMOUNTS FROM PRIOR YEAR'S BUDGETS/COUNCIL APPROVALS SCHEDULE"D"
FOR THE 1996 YEAR
RESERVE FUND NAME PROJECT AMOUNT COMMITTED INTENDED APPLICATION
PUBLIC WORKS DEVELOPMENT CHARGE:
1996 Capital Budget Green Road 735,300 Road Reconstruction
1996 Capital Budget Middle Road 77,400 Road Reconstruction
1996 Capital Budget Bradshaw Street 129,000 Road Reconstruction
1996 Capital Budget Bowmanville West
1996 Capital Budget Highway#2 Urbanization 158,667 Road Reconstruction
1996 Capital Budget Uptown Avenue 56,896 Road Reconstruction/extension
Total 1,157,263
COMMUNITY SERVICES DEVELOPMENT CHARGE:
1995/1996 Capital Budget Avondale Park 313,147 Park Development/master plan
1995 Capital Budget Courtice Community Complex 1,078,125 Construction
1996 Capital Budget Courtice Community Complex 164,700 Equipment
�p 1997 Budget Report RRC 2,025,000 Twin Pad --
0 Note:Preliminary Budget Estimate$3.5 million.
�} Total 3,580,972
FIRE PROTECTION DEVELOPMENT CHARGE:
1994 Capital Budget New Fire Headquarters 1,071 Construction
Total 1,071
CIVIC ADMINISTRATION DEVELOPMENT CHARGE:
1996 Capital Budget Computer Services 10,000 Hardware
1997 Budget Report Animal Control 146,000 New facility construction/renovation
Total 156,000