The URL can be used to link to this page

Home My WebLink AboutTR-40-96 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL. PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File # LL-L.—LA 0 (� [late: June 3, 1996 Res. # � ,- Report#:__..,_4g a6 File#: By-Law# Subject: CASH ACTIVITY REPORT - MARCH 1996 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-40-96 be received; I 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 March 31, 1996, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of March, 1996, be confirmed. BACKGROUND AND COMMENT: The attached schedules indicate the Corporation of the Municipality of Clarington's cash j transactions, status of taxes receivable information, the cash investment position, development charges information and statistical information for the month ended March 31, 1996 and the comparative information for the month ended March 31, 1905. Respectfully submitted, Reviewed by, arie A. Marano, H.BSe.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/hjl i Attachments AE P P E, P E� RECVC E 705 -B PRR-W RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of March 1996 MARCH MARCH `19J6 1995 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED ... 2 6:10 2,429,096 UNCONDITIONAL GRANT GRANTS—IN—LIEU: GOV'T OF CANADA GIL MUICIPAL TAX ASSISTANCE GRANT—IN—LIEU MEMORIAL HOSPITAL GIL BELL TELEPHONE GIL 203,112 REGION GIL SUBSIDIES: HANDI—TRANSIT SUBSIDY 12,995 MINISTRY OF TRANSPORTATION 108,700 DEVELOPMENT CHARGES—TOWN 224 965; 352,788 COIW INFRASTRUCTURE GRANT 21;3;,58.2 540,467 GENERAL 748,71.5...: 439,842 INTEREST .1 04,733: 89,564 DEVELOPMENT CHARGES—REGION/PUC 2: 3.78:Q 375,864 4,127,2.73: 4,552,428 USE OF FUNDS: _ PAYROLL 689',001 672,627 DEBENTURE CHARGES 25,078 REGION LEVY 2,632;359 2,512,317 SCHOOL BOARD LEVIES 8;346;17$. 8,047,174 GENERAL—INCLUDING CAPITAL EXP. 1,2.64;5.6..,8; 1,386,944 :.12,932;1;.4..5; 12,644,140 NET CASH PROVIDED (USED) 8,804;832) (8,091,712) BANK NET CASH N.......:; BANK BALANCE PROVIDED BALANG.E BALANCE FINANCIAL POSITION: FEB 29/1996 (USED) MAR31./1;996:;:; MAR 31/1995 GENERALFUND 6,101,945 (41491410) 1610,535 1,269,918 RESERVE FUND 3,052,864 677,855 : 3 736,719: 226,365 MUNICIPAL POOLED INVESTMENTS 19,913 117 20,430: 0 SCOTIA CONNECT INVESTMENT ACCOUNT 0 1,000,000 INVESTMENTS (GENERAL+ RESERVE FUND) 34,898,637 (4,991,394):;: :::: 29.9Q7;243: 33,660,305 TOTALS 44,073,359, 8 804 832 :,, :.;.35 263 527; 36 156 588 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. I 706 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable forth month of March 1996 FEBRUARY MAR:. H MARCH 1996 INTEREST TAXES PAYMENTS ADJUST 1996 1995 RECEIVABLE ADDED BILLED BALANCE *** . CURRENT YEAR TAXES (331,452 (331,452) (624,850 5,980 PENALTYAND INTEREST 368 27,289 27,657 ) (� ? (1,348,348 (8,010) (384) ;:::::;:'1;9:;3&3:: 18,080 1995 YEAR TAXES 3,341,853 3,341,853 (183,680 PENALTYAND INTEREST 234,937 42,436 277,373 32,229 (11'532 3 46641 2,981,589 (1,420 ::.:.;:::::243;724; 251,810 1994 YEAR TAXES 1,559,554 1,559,554 (74,895 (3,755) 'E 480 904: 1,650,652 PENALTYAND INTEREST 211,217 19,715 230,932 (19,638 (999) 2(0,295 274,997 PRIOR TAXES 1,331,849 1,331,849 (53,283) (32,612) i 245955< 994,021 PENALTYAND INTEREST 380,752 17,119 97,871 (19,601) (16,478 361:;792:: 299,485 TOTAL 6,729,079 L:: 66835'637 1,016,187 61,199 x;75$;253 5,122,286 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) PERCENT OF CURRENT TAXES OUTSTANDING N/A *** 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) NOTE 2: Final 1996 Budget not yet determined NOTE 3: Current year taxes receivable are in a negative position because they represent prepaid taxes O H td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF MARCH, 1996 Payment Received - Taxes 1,590 Tax Certificates 261 Number of Properties eligible for Tax 92 Registration (see Note 1) Accounts Payable Cheques Issued Manuals # 47268 to 47288 21 Computer # 48938 to 49417 480 Number of Births Registered 76 Number of Deaths Registered 44 Note l: Only includes those properties whose arrears are greater than $10,000 708 INVESTMENTS OUTSTANDING PART"D" AS AT MAR 31,1996 FINANCIAL INVESTMENT INTEREST #OF DAYS MATURITY INSTITUTION COST RATE O/S DATE GENERAL FUND TOTAL GENERAL FUND p; 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 GUND 2,210,810 8.90% 774 April 11/97 WOOD GUND 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 GUND 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 TD 2,500,206 7.12% 342 Au 1/96 TOTAL RESERVE FUND 29 807 2.3: TOTAL INVESTMENTS 29`9QZ 243: 709 DN:CASHPTE PART'E' MARCH 1996 Development Charges Total Lot Levies Town Re ion C.H.E.C. Fridel Ltd. 38;01;8:..:0: — 27,350.00 10,668.00 — L31,C2, Darlington LD 151/95 40M1835 B/P#96.0031-96.0036 290572 Ontario Ltd. 4,.7,48 :::0.0; — 18,255.00 29,232.00 — L.29, C.2, Darlington 40M1815 B/P#96.0045,96.0056—96.0058 1000690 Ontario Inc. 8.0.i*0 .*0 — 65,420.25 14,616.00 — L30,C2, Darlington 40M1820 B/P#96.0040,96.0100,96.0101 ... ............ ............... Kiddicorp Investments 24;705;64: — 10,089.54 14,616.00 — L.29,C.2, Darlington 40M1755 ..:....:..::... ....... B/P#96,0053-96.0054 A.Rankin 5,131.00 1,643.00 — Pt.L.9,C.4,Clarke LD94/355 40R16243 B/P#96.0051 Kassinger Built Homes ;::'::::.1.;68;996:0.0: — 71,834.00 98,162.00 — L.32,C,3, Darlington 40M1780 B/P#96,0066-96.0079 Wilmot Creek 1,234 1,230.00 — — Lot 49&243A, BFC, Darlington B/P#96.0103,96.0104 Kalee Investments Ltd. 27,2,9.8.00: — 25,655.00 1,643.00 — L.19,C.8, Darlington .. 40M1826 B/P#96.0096 Martin Road Holdings 53.,20..0.'0:0: — — 53,200.00 — L.15,C.1, Bowmanville 40M1796 B/P#95.0613-95,0620 TOTALS 448 7!F.4:7 0.00 224,964,79 223,780.00 0.00 I 710 DN:CASHPTE PART"E" MARCH 1996 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND Fridel Ltd. 750.00 Pt.L.31,C.2, Darlington LD 151/95 821010 Ontario Ltd. 55,000.00 (Westlake Dev,) Lot 25, C.6, Darlington Clearnet Inc. 1,000.00 Lot 31,C,2,Clarke Roton Investments 1,377,29 L.27, BFC,Clarke LD005/95 Total Cash—in—Lieu of Parkland 58,127.29 CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES 821010 Ontario Ltd. 27,541.80 (Westlake Dev) Lot 25,C.6 Darlington Total Engineering and Inspection Fees Contributions 27,541.80 CONTRIBUTIONS — ROADS Fridel Ltd. 54,248.65 Pt.L.31, C,2, Darlington LD 151/95 40M 1835 Total Roads Contributions 54,248.65 I • i 711