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Home My WebLink AboutTR-2-97 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File# Date: January 20, 1997 Res. #(:-&A—'3W (p Report#: -27 Fife#: By-Law# Subject: CASH ACTIVITY REPORT - NOVEMBER 1996 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-2-97 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 November 30, 1996, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of November, 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 November 30, 1996 and the comparative information for the month ended November 30, 1995. Respectfully submitted, Reviewed by, arie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/LG/hjl Attachments RECYCLED PAPI L 80 1 P R Y R iH IS B PREMED M RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of"Revenue and Expenditures for the Month of NOVEMBER 1996 N:.OVN1l3R NOVEMBER 1996; 1995 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 1,,309,456 986,589 UNCONDITIONAL GRANT MUNICIPAL SUPPORT GRANT 237.3p2 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 NATURAL RESOURCES—PITS&QUARRIES SUBSIDIES: HANDI—TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION DEVELOPMENT CHARGES—TOWN 1i36'.i? e< 568,873 COIW INFRASTRUCTURE GRANT 23.;287: 241,920 GENERAL 1,273;674; 414,466 INTEREST 8697' 39,792 DEVELOPMENT CHARGES—REGION/PUC 204;4.6$.; 317,213 2,568,853 USE OF FUNDS: PAYROLL 1'Q38401 1,032,263 DEBENTURE CHARGES 211,971 REGION LEVY SCHOOL BOARD LEVIES GENERAL—INCLUDING CAPITAL EXP. 2,169,324 ; 9s#7.6 3,413,558 NET CASH PROVIDED (USED) x;2;956 705 844 ( . .......) ( ) BANK NET CASH ...?:V ii;; ;;;<;; BANK BALANCE PROVIDED AIG <>` BALANCE FINANCIAL POSITION: OCT 31/96 (USED) N.QV ;OJ.9..ia <> NOV 30/95 657,389 GENERAL FUND 2,186,088 882 804 » " ' `'' RESERVE FUND ( ):::; :::;;39.E 264: 3,948,343 (833,932) :3;114;4:1;1:: 1,003,272 MUNICIPAL POOLED INVESTMENTS 21,473 7,576 2 .... 19,304 SCOTIA CONNECT INVESTMENT ACCOUNT 0 0 :_;;:< i :A: 0 INVESTMENTS (GENERAL+ RESERVE FUND) 40,479,032 1,696,203 :;::::. 42,288,843 TOTALS 46,634,937, ....... . .... 43,968 808 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 802 __� CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of November 1996 OCTOBER NQlEfV1.B.;ER;; NOVEMBER 1996 INTEREST TAXES PAYMENTS 1996 1995 RECEIVABLE ADDED BILLED BALANCE /ADJUST. *** CURRENT YEAR TAXES 5,389,093 5,389,093 775 006 PENALTY AND INTEREST ( ) 4!61:4;(186. 4320863, 203,540 68,158 -- - - ' 271,699 54,246 21:7;453; 211,620 1995 YEAR TAXES 1,981 940 PENALTY 1,981,940 (155,131 '°" AND INTEREST 254,000 25,300 ) }:::.....r.:,;».: 1,850,676 279,301 (32,613 26;688;! 245,893 1994 YEAR TAXES 964,399 964 399 64 247 PENALTY AND INTEREST 183,619 12,199 ( ) ' 90 :15 1,030,760 195,818 (21,329) 174489:: 208,061 PRIOR TAXES 767,640 PENALTY A 767,640 (33,944) 733:695' AND INTEREST 283,026 10,026 :. .:: 595,308 293,051 31,410 261,642: 219,241 TOTAL 10,027,2571 115 684 0 10 142,941 1 137,925) 8 X75 0:15: 8682,422 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 5$>22911. 56,783,04A 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) Co O ro a z H . td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF NOVEMBER, 1996 Payment Received - Taxes 1,000 Tax Certificates 252 Number of Properties eligible for Tax 69 Registration (see Note 1) Accounts Payable Cheques Issued Manuals #49710 to 49725 16 Computer #13251 to 13793 543 (see Note 2) Number of Births Registered 34 Number of Deaths Registered 20 Note l: Only includes those properties whose arrears are greater than $10,000. Note 2: Effective November 28, 1996, manual cheques are part of the computer cheque number range. I I I i 804 INVESTMENTS OUTSTANDING PART"D" AS AT NOVEMBER 30,1996 777TDINSTITUTION COST RATE MTL 2,993,910.00 3.10% 24 Dec 2/96 TD 2,973,330.00 4.04% 81 Dec 13/96 2,975,280.00 3.94% 77 Dec 12/96 TD 2,976,240.00 3.94% 74 Dec 9/96 TOTAL GENERAL FUND f1 9.15 780:00: RESERVE FUND RBC 34,731.25 7.20% 1,740 Aug 8/00 RBC 1,974,886.49 7.00% 445 Dec 1/96 RBC 1,001,705.00 6.80% 1828 Mar 15/01 RBC 820,799,37 7.16% 1358 July 6/99 WOOD GUND 2,210,809.60 8.90% 774 April 11/97 WOOD GUND 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 GUND 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% 1,578.00 Aug 8/00 RBC 32,800.00 4.75% 183 Dec 21)96 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 BNS 2,000,000.00 4.05% 88 Dec 20/96 RBC 299,628.50 5.30% 1396 Sept 1/00 RBC 180,862.43 5.63% 1549 Feb 1/01 i HONG KONG 2,021,441.10 3.05% 90 Feb 10/97 j RBC 573,533.32 4.01% 724 Nov 14/98 MTL 2,482,300.00 2.89% 90 Feb 24/97 TOTAL RESERVE FUND 3b 258475 08: TOTAL INVESTMENTS ?42 f75 235108: 805 DN:CASHPTE PART"E" NOVEMBER 1996 Development Charges Lot Levies Town Region C.H.E.C. Nick Shkordoff jo ; a 4;0 — 5,760.00 5,195.00 — L.27, BFC, Clarke B/P#96.0772 i 290572 Ontario Ltd. 84 306:68 — 31,106.68 53,200.00 — L.29, C.2, Darlington 40M1839; 40M1840 B/P#96,0808-0813 0880-0881 Lord Elgin Homes 7, :147.U0 — 33,302.00 41,216.00 629.00 L.12, C.2, Bowmanville 40M1764 B/P#96.0794-0795, 0857 Kaitlin Group 51 156.00 — L.15, C.1, Darlington 40M1816 B/P#96.0815-0817 Andelwood Homes 7,308.00 — L.34, C.2, Darlington 40M1847 B/P#96.0818 Veltri Homes 1 f,50 00 — 10,262.00 — 1,258.00 L.8, C.1, Bowmanville 40M1691 B/P#96.0819-820 Orchard Park Estates .. — 51,310.00 67,816.00 6,290.00 L.12, C.2, Bowmanville 40M1852 i B P#96.0847-0856 George Smith 54,295$�; — 54,295.80 — — L.31, C.3, Darlington 40M1860 i TOTALS !2r3.;1;04 4 0.00 186 036.48 225 891.00 8,177.00 i 806 DN:CASHPTE PART"E" NOVEMBER 1996 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND 828707 Ontario Dev. 4,000.00 L.11 & 12, C.1, Bowmanville DEV95—059 Total Cash—in—Lieu of Parkland 4.000.00 CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES Martin Road Holdings 10,669.47 Aspen Springs Phase 5 Total Engineering and Inspection Fees Contributions 10,669.47 CONTRIBUTIONS — ROADS Eiram Development Corp. 25,000.00 1 OM840 Mearns Ave, asphalt padding works Total Roads Contributions 25,000.00 807