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Home My WebLink AboutTR-5-97 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File# Date: February 3, 1997 Res. #L By-Law# Report#&:a T4�_5_q_7__ File#: Subject: CASH ACTIVITY REPORT - DECEMBER 1996 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-5-97 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 December 31, 1996, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of December, 1996, 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 December 31, 1996 and the comparative information for the month ended December 31, 1995. Respectfu -submitted, Reviewed by, arie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. i MM/LG/hjl Attachments FAPIEP g 0 1 PAPEP P.CYCLE THG IS PRINTED W HECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of DECEMBER 1996 ECEN1BER` DECEMBER REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 858,168 UNCONDITIONAL GRANT MUNICIPAL SUPPORT GRANT7 (j'( GRANTS—IN—LIEU: GOV'T OF CANADA GIL MUNICIPAL TAX ASSISTANCE GIL 32,973 HYDRO GIL MEMORIAL HOSPITAL GIL MINISTRY OF HOUSING GIL LCBO GIL REGION GIL BELL TELEPHONE GIL ONTARIO HYDRO PROCEEDS DEBENTURE PROCEEDS—COURTICE COMMUNITY CTR 1;04:1;'445: NATURAL RESOURCES—PITS&QUARRIES SUBSIDIES: HAND I—TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION DEVELOPMENT CHARGES—TOWN 245.917: 53 044 COIW INFRASTRUCTURE GRANT 0 GENERAL 5x0:7 :9; 645,574 INTEREST6:Q46> 253,502 DEVELOPMENT CHARGES—REGION/PUC 254;2$:9:; 138,264 1,981,525 USE OF FUNDS: PAYROLL 741,389 DEBENTURE CHARGES 86,574 REGION LEVY SCHOOL BOARD LEVIES "1;6 8,346,178 GENERAL—INCLUDING CAPITAL EXP. 2;x.59;7.0;3; 1,908,507 I 1'8;'f 2 85'; 11,082,648 NET CASH PROVIDED (USED) {79G91.99j (9,101,123) I BANK NET CASH 6..NK;r; ;; BANK BALANCE PROVIDED CAI AN BALANCE FINANCIAL POSITION: NOV 30/95 (USED) L): C31(9:6 DEC.31/95 I GENERAL FUND 1,303,284 9,765 :::;;:;::::;::;;;y;313;(}.4g' 1,304,209 RESERVE FUND 3,114,411 242,566 3,356978; 2,498,390 MUNICIPAL POOLED INVESTMENTS 29,050 35,992 65,042: 19,728 SCOTIA CONNECT INVESTMENT ACCOUNT 0 0 :::; <;;:;:;::;;:;:;;:;>:; ;; ;:;;t: 0 INVESTMENTS (GENERAL+ RESERVE FUND) 42,175,235 (8,257,522 ........::::;:;3.3;91.77:1:3'. 31,045,358 TOTALS 46,621,981 (7,969,199) 38 652 782 34.867.6851 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 802 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of December 1996 NOVEMBER EMBER:',; DECEMBER 1996 INTEREST TAXES PAYMENTS 1996. 1995 RECEIVABLE ADDED BILLED BALANCE /ADJUST. *** PREPAID TAXES 229:486:: 106 919 CURRENT YEAR TAXES 4,614,086 227,189 4,841,275 656,929 <` 4`14`346 4,012,658 PENALTY AND INTEREST 217,453 58,757 276,210 ( ) F.......:._:._..::.,..._::.. (55,889 ) 22D321; 215,828 1995 YEAR TAXES 1,826,810 1,826,810 85,834 %740>97f 1,742,515 PENALTY AND INTEREST 246,688 23,361 270,049 (33,526) 23fi523 218,747 1994 YEAR TAXES 900,152 900,152 107,454 792 885,428 PENALTY AND INTEREST 174,489 11,396 185,885 (28,767) 168,884 PRIOR TAXES 733,696 733,696 (25,731) ?fJ7 965 567 825 PENALTY AND INTEREST 261,642 9,601 271,243 23,359 247:;$846: 217,360 TOTAL 8 975 015 103 116 227 189 9 305 320 (1,017,489) 8'``287''831:`: 8,029,246 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 82291f32 56,783,0441 PERCENT OF CURRENT TAXES OUTSTANDING "o< o ..x:':7:1:9;/a.; 7.07/o *** 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) co O a Lr! H bJ PART "C" STATISTICAL INFORMATION FOR THE MONTH OF DECEMBER, 1996 Payment Received - Taxes 2,007 Tax Certificates 163 Number of Properties eligible for Tax 63 Registration (see Note 1) Accounts Payable Cheques Issued #13794 to 14207 414 Number of Births Registered 38 Number of Deaths Registered 38 Note l: Only includes those properties whose arrears are greater than $10,000. I 804 INVESTMENTS OUTSTANDING PART"D" AS AT DECEMBER 31,1996 ]iFINA CIAL INVESTMENT INTEREST -#-0 F DAYS MATUR T f NSTITUTION COST RATE O S I DATE CIBC 2,992,080.00 3.02% 32 JAN 10/97 BNS 1,000,000.00 3.10% 30 JAN 15/97 ii TOTAL GENERAL FUND >:::3'992 480:00:: RESERVE FUND RBC 34,731.25 7.20% 1,740 Aug 8/00 i RBC 1,001,705.00 6.80% 1828 Mar 15/01 RBC 820,799.37 7.16% 1358 July 6/99 WOOD GUNDN 2,210,809.60 8.90% 774 April 11/97 WOOD GUNDN 589,189.19 8.90% 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 7.9096 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 7.5096 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 8.2096 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 6.2096 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 i WOOD GUNDN 809,999.81 4.34% 289 July 2/97 RBC 1,332,840.80 4.02% 185 Mar 20/97 RBC 299,628.50 5.30% 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 i MTL 2,482,300.00 2.89% 90 Feb 24/97 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 29 925 683:20: TOTAL INVESTMENTS 33'91:7:71.3:20: 805 DN:CASHPTE PART'E' DECEMBER1996 Develo iii Charges X. Tothi Lot Levies Town R ion C.H.E.C. Slmkins Homes 0�6760 — 7,276.20 26,600.00 — L.31,C.3,Darlington 40M1860 13/1'#96.0658-0859,0952-0953 290572 Ontario Ltd, ;;'::72;5,2,34: — 30,946.34 41,216.00 L29,C.2,Darlington 40M1839,40M1840 B/P#96.0925-0928,0936 Andelwood Homes ''>:1;4.fi1'@;00 — — 14,616.00 — L.34,C.2,Darlington 40M1847 B/P#96.0818,0939 649101 Ontario Ltd. ;'??;674:0¢ — — 674.00 — L.30,C.2,Darlington 40M1709 B/P#96.0884-0845 RlckPasnlek 12;A39;Ob — 5,131.00 7,308.00 — L.33,0.2,Darlington LD190/96 B/P#96,0891 Frldel Ltd. 27,300.00 53,200.00 — L.31,C.2,Darlington 40M1835 B/P#96,0870-0877 Earl Walsh x;131;00 — 5,131.00 L.5,C.8,Darlington LD67/96 B/P#96.0905 1008941 Ontario Ltd. 39,900.00 — L.31,C.3,Darlingtoon 40M t 860 B/P#96.0907-0910 Kassinger Built Homes 12;339;170 — 5,131.00 7,308.00 — L.32,C.3,Darlington 40M1780 B/P#96.0931 Kaltlln Group >$7449;5Q — 146,233.50 41,216.00 — L.15&30,0.1,Darlington 40M1816 B/P#96.0606-0609,0773-0775,0893 C.KobesNeenstra 7;4Q3,d6 — 5,760.00 1,643.00 — BFC,Darlington B/P #96.0897 David B.Thomas/NUBuild 10,262.00 13,300.00 4,C.2,Darlington 40M1799 B/P#96.0940 Wilmot Creek 615.00 BFC,Darlington Lot 716A B/P#96.0951 Clarington Developments 5i310Q — 5,131.00 L.30,C.2,Darlington 40M1820 B/P#96.0949 100690 Ontario Ltd. ;..;7;3p9,QQ — — 7,308.00 — L.30,C.2,Darlington 40M1820 B/P#96.0949 TOTALS ;:5 ,.OB`U4 0.00 248 917.04 254 289.00 0.00 806 DN:CASHPTE PART"E" DECEMBER 1996 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND Rick Pasniek 1,500.00 L.33, C.2, Darlington LD 190/96 Trulls Road Corp. 11,250.00 40M1860 Courtice Glen Total Cash—in—Lieu of Parkland 12,750.00 CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES Total Engineering and Inspection Fees Contributions 0.00 CONTRIBUTIONS — ROADS Total Roads Contributions 0.00 i i 807 i