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Home My WebLink AboutTR-24-97 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File# Date: April 7, 1997 Res. # By-Law# Report#:_.® 24-9 File#: Subject: CASH ACTIVITY REPORT - JANUARY 1997 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-24-97 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 January 31, 1997, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of January, 1997, be confirmed. BACKGROUND AND COMMENT: 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 January 31, 1997 and the comparative information for the month ended January 31, 1996. Respect y s mitted, Reviewed by, i Marano, H.BSe.,A.M.C.T., W.H. Stoc well, Treasurer. Chief Administrative Officer. MM/LG/hjl Attachments I RECYCLED PAPIER O 1 P RE�-e THIS IS PRIMED QV RECY-1)PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for-the Month of JANUARY 1997 JANUAR?( JANUARY 1:997: 1996 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 792,879 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 350,000 DEBENTURE PROCEEDS—COURTICE COMMUNITY CTR NATURAL RESOURCES—PITS&QUARRIES SUBSIDIES: HAND[—TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION 374,511 DEVELOPMENT CHARGES—TOWN 6:1;;572;! 5,131 REGION: Reversion of Regional Rd, #14(Liberty St.) 1 i 1,soo: GENERAL 1>31:06$.r3 594,125 INTEREST 252,769 DEVELOPMENT CHARGES—REGION/PUC9`39. 19,545 2;54%226 2,388,960 USE OF FUNDS: PAYROLL 6` Q661 686,049 DEBENTURE CHARGES REGION LEVY SCHOOL BOARD LEVIES 140,154 GENERAL—INCLUDING CAPITAL EXP. ;2;978:;3.82; 2,856,717 6''669243: 3,682,920 NET CASH PROVIDED (USED) (1126.Q18) (1,293,960) I I BANK NET CASH "BANK::::::::::::::.: >' BANK BALANCE PROVIDED 'E3ALANC, :: BALANCE FINANCIAL POSITION: DEC 31/96 (USED) JAN. 31J97: JAN.31/96 ................................. GENERAL FUND 1,313,049 372,224 ....., y 6.$5,274;; 441,755 j RESERVE FUND 3,356,978 499,824 ; .,2,857,15?;: 3,452,199 ( ) . MUNICIPAL POOLED INVESTMENTS 65,042 181 19,843 SCOTIA CONNECT INVESTMENT ACCOUNT 0 0 ;> iit} 0 INVESTMENTS (GENERAL+ RESERVE FUND) 33,917,713 (998,600) 29,659,928 TOTALS 38,652,7821 1 1 26 018 ;;€? 37 526<.7.64. 33,573,725 NOTE A: Difference in comparison between years due to timing difference in receipt of funds, NOTE B: No longer roads subsidy; replaced with Municipal Support Grant. 802 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of January 1997 DECEMBER JANARr JANUARY 1996 INTEREST TAXES PAYMENTS ;:.;;: 1996 RECEIVABLE ADDED BILLED BALANCE CURRENT YEAR TAXES 0 (420,013)< 42373) (115,143 PENALTY AND INTEREST 0 0 0 1996 YEAR TAXES 4,184,346 4,184,346 (215,787) 3; 6$;;559; 3,600,136 PENALTY AND INTEREST 220,321 52,921 273,242 (29,471) ''> <21 236,047 1995 YEAR TAXES 1,740,976 1,740,976 (68,068) 1!&729p$ 1,685,585 PENALTY AND INTEREST 236,523 22,152 258,675 (26,624) ? 232tJ5 223,551 PRIOR TAXES 1,500,663 1,500,663 (60,510) '1;;443tai3 1,408,425 PENALTY AND INTEREST 405,002 19,187 424,189 (39,482) < 38Q 391,281 TOTAL 8,287,831 94 260 0 8,382,091 , (859 955 !`<`< `5221!36 7 429 882 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS)—NOTE 2 PERCENT OF CURRENT TAXES OUTSTANDING *** Includes refunds,write—offs, 496's, etc. DO MOTE 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) a NOTE 2: Final 1997 Budget not yet determined H H a NOTE 3: Current year taxes receivable are in a negative position because they represent prepaid taxes r� z H by PART "C" STATISTICAL INFORMATION FOR THE MONTH OF JANUARY, 1997 Payment Received - Taxes 1,421 Tax Certificates 183 Number of Properties eligible for Tax 74 Registration (see Note 1) Accounts Payable Cheques Issued #14208 to 14828 621 Number of Births Registered 11 Number of Deaths Registered 14 Note l: Only includes those properties whose arrears are greater than $10,000. 804 INVESTMENTS OUTSTANDING PART"D" AS AT JANUARY 31,1997 FINANCIAL INVESTMENT INTEREST #OF DAYS MAT RITY INSTITUTION COST RATE O S DATE GENERAL FUND TD 1,996,060.00 3.00% 24 FEB 3/97 MTL 997,420.00 3.04% 31 FEB 21/97 TOTAL GENERAL FUND 2 993:480:00' RESERVE FUND RBC 34,731.25 7.20% 1,740 Aug 8/00 RBC 1,001,705.00 6.80% 1828 Mar 15/01 RBC 820,799.37 7.16% 1358 July 6/99 WOOD GUNDY 2,210,809.60 8.90% 774 April 11/97 WOOD GUNDN 589,189.19 8.9096 833 June 9/97 RBC 250,000.00 8.00% 184 Mar 1/00 RBC 168,000.00 8.75% 730 May 1/97 8.875% 1095 May 1/98 9.00% 1460 May 1/99 RBC 999,999.48 7.70% 1718 Feb 6/00 RBC 295,000.00 8.50% 3285 May 26/04 RBC 601,120.00 7.95% 1366 Feb 20/99 WOOD GUNDN 344,316.13 7.90% 1135 July 13/98 RBC 2,063,810.92 7.95% 1688 Jan 13/00 RBC 403,000.00 7.25% 730 June 8/97 158,000.00 7.50% 1095 June 8/98 514,000.00 7.75% 1825 June 8/00 RBC 171,049.32 7.64% 799 Nov 14/97 RBC 234,787.20 7.30% 837 Nov 14/98 RBC 862,564.39 7.43% 1316 March 8/99 RBC 999,999.65 8.20% 1825 Aug 8/00 RBC 499,999.62 7.80% 1043 July 3/98 RBC 475,000.00 8.58% 2761 Mar 17/03 RBC 999,999.76 6.20% 1,252 July 6/99 RBC 138,709.23 6.25% 1,637 Aug 1/00 RBC 99,999.64 7.10% 1,906 May 14/01 RBC 72,000.00 6.10% 730 June 18/98 RBC 40,397.70 7.20% 1578 Aug 8/00 RBC 32,800.00 4.75% 1846 June 21/01 RBC 1,499,195.25 5.17% 358 July 24/97 RBC 1,999,999.91 5.90% 762 Sept 1/98 WOOD GUND 809,999.81 4.34% 289 July 2/97 RBC 1,332,840.80 4.02% 185 Mar 20/97 RBC 299,628.50 5.3096 1396 Sept 1/00 RBC 180,862.43 5.63% 1549 Feb 1/01 HONG KONG 2,021,441.10 3.05% 90 Feb 10/97 RBC 573,533.32 4.01% 724 Nov 14/98 MTL 2,482,300.00 2.89% 90 Feb 24/97 I RBC 2,151,919.63 3.16% 360 Nov 27/97 TD 1,492,125.00 3.06% 63 Feb 21/97 TOTAL RESERVE FUND 29 926 633 2b: TOTAL INVESTMENTS ii 805 DN:CASHPTE PART'E' JANUARY 1997 Development Charges Ctal Lot Levies I Town I Region C.H.E C Halminen Homes 87;073100; — 35,917.00 51,156.00 — (100690 Ontario Ltd.) (Caarington Developments) L.30,C.2,Darlington 40M1820 B/P#96,0955-0958,0959-0961 1008941 Ontario Ltd. 1:3;300:0,0; — — 13,300.00 — L.15&30,CA,Darlington 40M1816 B/P#96.0946-0947 Trulis Land Corp. ::,::::33;824:00: — 20,524.00 13,300.00 — (1008941 Ontario Ltd.) L.31,C.3,Darlington 40M1860 B/P#96.0945—0965 D.Peeters 6774(j0: — 5,131.00 1,643.00 — L.18,C.8,Darlington 40R14796 B/P#97.0004 TOTALS 140'9.71:013; molL 61 572.00 79 399.00 0.00 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND 0.00 Total Cash—in—Lieu of Parkland 0.00 CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES 0.00 Total Engineering and Inspection Fees Contributions 0.00 CONTRIBUTIONS — ROADS I 0.00 Total Roads Contributions 0.00 j I 806