HomeMy WebLinkAboutTR-43-96 THE CORPORATION OF THE MUNICIPALITY OF CLAMNGTON
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REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File#
June 3, 1996 Res. #
Report#: TR-43 � File #: By-Law#
Subject: ANNUAL STATEMENT FOR THE DEVELOPMENT CHARGES RESERVE FUNDS FOR
THE YEAR ENDED DECEMBER 31, 1995
Recommendations:
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It is respectfully recommended that the General Purpose and Administration Committee recommend to
Council the following:
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1. THAT Report TR-43-96 be received for information.
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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, 1995.
Respectfully submitted, Reviewed by,
Marie A. Marano, H.BSc., A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
Attachments: Schedule A
Schedule B
MM/NT/RB/hjl
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P PER F�'E 723
THIS B PRIMEDU4 RECYDLEDPA PER
SCHEDULE-A"
DEVELOPMENT CHARGE RESERVE
FUND STATEMENT
FOR THE 1995 YEAR
Civic Public Comm. Libraries Fire Sub- Clarington Reserve
Admin. Works Services Prot. Total Hydro Fund
Electric Total
Commission
Balance as of (194,799) (1,404,686) (1,992,994) (271,074) (75,690) (3,939,243) (5,808) (3,945,051)
December 31, 1994
Plus:
Contribution from (1,727) (1,727) (1,727)
Revenue Fund
Transfer from Lot Levy (1,157) (1,157) (1,157)
Reserve Fund
Development Charge (90,374) (1,108,231) (677,110) (130,364) (96,736) (2,102,815) (100,430) (2,203,245)
Proceeds
Accrued Interest (15,512) (126,138) (157,607) (19,400) (9,506) (328,163) (328,163)
Apportionment
SUB-TOTAL (105,886) (1,235,526) (836,444) (149,764) (106,242) (2,433,862) (100,430) (2,534,292)
Less:
Amount Transferred to 25,000 1,127,302 11,462 18,578 1,182,342 1,182,342
Capital Fund *
Transfer to Revenue Fund 50,000 19,447 43,075 112,522 112,522
Transfer to Reserve Fund 1,101,180 1,016,045 2,117,225 2,117,225
Transfer to CHEC 96,105 96,105
SUB-TOTAL 75,000 1,146,749 1,112,642 1,059,120 18,578 3,412,089 96,105 3,508,194
December 31, 1995 (225,685) (1,493,463) (1,716,796) 638,282 (163,354) (2,961,016) (10,133) (2,971,149)
Closing Balance
Committed Amounts from 0 0 0 0 2,041 2,041 10,133 12,174
Prior Year's Budgets
Balance Available for (225,685) (1,493,463) (1,716,796) 638,282 (161,313) (2,958,975) 0 (2,958,975)
Future Needs
* See Schedule B
NOTE: Total Development Charges collected on behalf of Region in 1995 $2,304,141
Less: Amounts paid to Region 2,165,877
Total Development Charges due to the Region at December 31, 1995 $__138f264
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SCHEDULE "B"
CAPITAL FUND TRANSFERS ADDENDUM
Capital Project Amount Transferred Intended Application
to Capital Fund
�'�TA�2CyS
Administrative Centre 25,000 Computer Hardware
TOTAL: 25,000
,: .}.. ... YLC,{YORS:;DTOPM ]1 CH�2b'�;.:�SER�...FC(�715;:::::..:;;;,:::. .s;:?:;si:i:;: ;:?;.:..;;.;::::::..:::::;;: s;:z:<:;;:a?;:<.:;:::o;;;:<:;......;
Roads Needs Study 4,320 Roads Need Study
Engineering Design 121,860 Engineering Design
Mearns Avenue 27,242 Road Reconstruction
Baseline Road 307,047 Road Reconstruction
Prestonvale Road 28,070 Road Reconstruction
Trulls Road 623,097 Road Reconstruction
Lambs Road Bridge 2,458 Road and Bridge Reconstruction
Fourth Street 3,797 Sidewalks
Equipment 6,103 Misc. Small Equipment
Street Lights 3,308 Street Lights
TOTAL: 1,127,302
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N C HAl2OE. REERV7
Park Development 11,462 Avondale Park
TOTAL: 11,462
ARE PROTECTION DB.VELOPMEN'Z ;CHARGE`I2$SERYE IUND ,:::>s>s>:cs,:::;«: ;:;>s»> »?<<>:< ?;;:;;r;:; a;»»s:•s>:.;»:
New Fire Headquarters 18,578 Furnishings/Equipment
TOTAL: 18,578
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