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Home My WebLink AboutTR-41-96 THE CORPORATION OF THE MUNICIPALITY OF CLA RINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File# Li_�. �11 t o Date: June 3, 1996 Res. # ( - 7 `a Report#:_ T1�-41: 6_ File #: By-Law# Subject: CASH ACTIVITY REPORT - APRIL 1996 I Recommendations: i It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-41-96 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 April 30, 1996, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of April, 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 April 30, 1996 and the comparative information for the month ended April 30, 1995. Respectfu-1 y submitted, Reviewed by, i l -Marie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/hjl i Attachments PE Eo 71 2 A"I'"E iHiS IS P41111tE IXJ(iECYClEO PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Moi ith of April 1996 APF1L APRIL 1996: 1995 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 8,704,690 UNCONDITIONAL GRANT 108,317 GRANTS—IN—LIEU; GOV'T OF CANADA GIL MUICIPAL TAX ASSISTANCE GRANT—IN—LIEU MEMORIAL HOSPITAL GIL BELL TELEPHONE GIL 2pg 771; ONTARIO HYDRO PROCEEDS 35.0 00.0: 200,000 SUBSIDIES: MINISTRY OF TRANSPORTATION 30 ,160; LOT LEVIES 223,746 DEVELOPMENT CHARGES—TOWN 153;,160:: 161,813 COIW INFRASTRUCTURE GRANT 182,403: GENERAL 54;6:;,402: 247,512 INTEREST 68;837; 36,929 DEVELOPMENT CHARGES—REGION/PUC _ 257:;064: 250,292 8 la58904 9,933,299 USE OF FUNDS: PAYROLL 679 790 687,515 DEBENTURE CHARGES REGION LEVY 2x632;359 2,512,317 SCHOOL BOARD LEVIES GENERAL—INCLUDING CAPITAL EXP, 921;720 1,236,585 4,257;24.9. 4,436,417 NET CASH PROVIDED (USED) 4,301;654: 5,496,882 BANK NET CASH 4N BANK BALANCE PROVIDED 13. E BALANCE FINANCIAL POSITION: MAR 31/1996 (USED) AP;R;30(1;99.6,: APR 30/1995 GENERAL FUND 1,610,535 3,279,262 . 411,285 RESERVE FUND 3,730,719 (3,106,024) 624 695'' 558,329 MUNICIPAL POOLED INVESTMENTS + RBC 20,030 189 28,21 ; 0 SCOTIACONNECT INVESTMENT ACCOUNT 0 0 >:.:»»:<;:;: ::;;;;:;0> 3,000,000 INVESTMENTS (GENERAL+ RESERVE FUND) 29,907,243 4,128,227 . 34:,.0..35,470:: 37,683,855 TOTALS 35 268 527 4,301,654 39 570 1$1 41.653-46911 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 713 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable forth e month of April 1996 MARCH PRIL APRIL 1996 INTEREST TAXES PAYMENTS ADJUST.1996: 1995 RECEIVABLE ADDED BILLED BALANCE *** CURRENT YEAR TAXES (950,322 13,535,070 12,584,748 (8,844,408) 2,092 3 742;43 : 3,443,661 PENALTYAND INTEREST 19,263 20,880 40,143 (9,203) (62 >. 3Q88 28,763 1995 YEAR TAXES 3,146,641 3,146,641 (181,553) 2965;088; 2,807,136 PENALTYAND INTEREST 243,724 40,117 283,841 (29,504) (489 253E3J 261,047 1994 YEAR TAXES 1,480,904 1,480,904 (57,374) (11 1 423 519. 1,579,377 PENALTYAND INTEREST 210,295 18,787 229,082 17,578 (219) 277,599 PRIOR TAXES 1,245,955 1,245,955 (38,856) ? 1207099. 935,848 PENALTYAND INTEREST 361,792 16,453 3781245 (12,893 (1,731) 363; 27.: 294,304 ITOTAL 5,758,252 96,237 13,535,070 19,389,559 9,191,368 420 10,19.7;771:' 9,627,735 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) .... .....N N/A PERCENT OF CURRENT TAXES OUTSTANDING N/A *** Includes refunds, write—offs, 496's, etc. NOTE 1: Tax payments do nottie into Part A due to timing differences since Part A is on a cash basis(ie.difference due to outstanding deposits) NOTE 2: Final 1996 Budget not yet determined y td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF APRIL, 1996 Payment Received - Taxes 13,148 Tax Certificates 174 Number of Properties eligible for Tax 90 Registration (see Note 1) Accounts Payable Cheques Issued Manuals # 47289 to 47306 18 Computer # 49418 to 49703 405 Computer #100000 to 100118 Number of Births Registered 22 Number of Deaths Registered 14 Note 1: Only includes those properties whose arrears are greater than $10,000 715 INVESTMENTS OUTSTANDING PART"D" AS AT APR 30,1996 FINANCIAL I INVESTMENT NTEREST #OF DAYS MATURITY INSTITUTION I COST RATE O/S DATE GENERAL FUND RBC 1,088,439 5.10% 76 June 24/96 CIBC 2,999,390 4.79% 60 June 28/96 TOTAL GENERAL FUND 4'Q87:82 9i RESERVE FUND RBC 34,731.25 7.20% 1,740 Aug 8/00 RBC 1,044,032 6.95% 368 Sept 15/96 RBC 1,974,886 7.00% 445 Dec 1/96 RBC 1,001,705 6.80% 1828 Mar 15/01 RBC 1,490,838 6.90% 261 June 1/96 RBC 820,799 7.16% 1358 July 6/99 WOOD GUNDN 2,210,810 8.90% 774 April 11/97 WOOD GUNDy 589,189 8.90% 833 June 9/97 RBC 250,000 8.00% 184 Mar 1/00 RBC 216,000 8.50% 365 May 1/96 8.75% 730 May 1/97 8.875% 1095 May 1/98 9.00% 1460 May 1/99 RBC 999,999 7.70% 1718 Feb 6/00 RBC 295,000 8.50% 3285 May 26/04 RBC 601,120 7.95% 1366 Feb 20/99 WOOD GUNDN 344,316 7.90% 1135 July 13/98 RBC 2,063,811 7.95% 1688 Jan 13/00 RBC 403,000 7.25% 730 June 8/97 158,000 7.50% 1095 June 8/98 514,000 7.75% 1825 June 8/00 RBC 171,049 7.64% 799 Nov 14/97 WOOD GUNDN 750,171 7.048% 412 Sept 16/96 RBC 234,787 7.30% 837 Nov 14/98 RBC 862,564 7.43% 1316 March 8/99 RBC 1,000,000 8.20% 1825 Aug 8/00 HONG KONG 1,900,000 6.95% 365 Aug 10/96 RBC 500,000 7.80% 1043 July 3/98 RBC 475,000 8,58% 2761 Mar 17/03 ROYAL 2,099,744 7.08% 364 Aug 22/96 RBC 200,486 7.00% 366 Sept 15/96 RBC 999,999.76 6.20% 1,252 July 6/99 RBC 138,709 6.25% 1,637 Aug 1/00 RBC 100,000 7.10% 1,906 May 14/01 RBC 2,962,290 5.05% 92 June 25/96 RBC 40,398 7.20% 1,578.00 Aug 8/00 TD 2,500,206 7.12% 342 Aug 1/96 TOTAL RESERVE FUND 2.9 9:47841::: TOTAL INVESTMENTS 104..0; '470.. 716 DN:CASHPTE PART"E" APRIL 1996 Development Charges Lot Levies Town C H E C Resion C.G. Quantrill 10;326 Q0. — 5,131.00 5,195,00 — L28,C.5,Clarke LD163/92 40R15976 B/P#96.0028 290572 Ontario Ltd. 1 ;439 00 — 5,131.00 7,308.00 — L.29,C.2,Darlington 40M1779 B/P#96.0109 290572 Ontario Ltd. 132;312 OQ — 52,512.00 79,800.00 L.29,C.2,Darlington 40M1837 B/P#96.0119-96.0130 S.Sarginson 6;774 00 — 5,131.00 1,643.00 — L.18,C.5,Darlington LD052/91 B/P#96.0108 S,Deverescri 5,j 3 J.OQ — 5,131.00 — — L29,C,2, Darlington LD402/89 B/P#96,0138 Kiddicorp Investments 60.,.Q79.08.. — 20,179.08 39,900.00 — L.29,C.2,Darlington 40M1754,40M1755 B/P#96.0081-96,0086 Martin Road Holdings 36 540 00 — — 36,540,00 — L.15,C.1, Bowmanville 40M1796 Lord Elgin Building 133 568 70 — 54,198.70 73,080.00 6,290.00 L.12,C.2,Bowmanville 40M1764 B/P#96.0104-96.0148,96.0191 Kassinger Built Homes 12,439 00, — 5,131.00 7,308,00 — L,32,C.3,Darlington 40M 1780 B/P#96.0199 Ridge Pine Park 615 00 — 615.00 — — Lot 47, BFC,Darlington B/P#96,0197 TOTALS 410 223 7$: 0.001 153,159.78 250,774.00 6,290.00 i 717 I?N:CASHPTE PART"E" APRIL 1996 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 0.00 Total Roads Contributions 0.00 I 718