HomeMy WebLinkAboutTR-22-96 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# _ 0
Date: April 1, 1996 Res. #G (C'
Report#:---TR-22-'9b File#: By-Law#
Subject: CASH ACTIVITY REPORT - FEBRUARY 1996
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Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-22-96 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 February 29, 1996, is as shown on
the attached schedule; and
3. THAT Part "A" of the expenditures for the month of February, 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 February 29, 1996 and the
comparative information for the month ended February 28, 1995.
Res ctf lly submitted, Reviewed by,
ne A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell,
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Treasurer. Chief Administrative Officer.
M, M/NT/hjl
Attachments
RE Y E ED PAP P E ///
PAP P RECYCLE D
THIS IS PR,N D M RECYCLED PAPER
CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A"
Analysis of Revenue and Expenditures
for the Month of February 1996
EEBRlJAF3Y FEBRUARY
1996 1995
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED 1?,8Q91.84 13,309,560
UNCONDITIONAL GRANT "' ..
GRANTS—IN—LIEU; .....:.;
GOVT OF CANADA GIL
MUICIPAL TAX ASSISTANCE GRANT—IN—LIEU 21,.1.0.2
MEMORIAL HOSPITAL GIL
BELL TELEPHONE GIL
ONTARIO HYDRO PROCEEDS
SUBSIDIES;
MUN.AFFAIRS—WATERFRONT TRAIL
DUFFERIN AGGREGATES—ROAD CLOSURE 1;4x.,00.0;
DEVELOPMENT CHARGES—TOWN i.:.02 4,959
REGION DEBENTURE RECOVERABLE
GENERAL 3 j8 u?5 383,516
INTEREST
56,756
DEVELOPMENT CHARGES—REGION/PUC ....,_,_.;27;.9...1;6; 33,908
13,355:372; 13,788,699
USE OF FUNDS:
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PAYROLL 694',619: 693,615
DEBENTURE CHARGES
REGION LEVY
SCHOOL BOARD LEVIES
GENERAL—INCLUDING CAPITAL EXP. ;.. 2,16 : 1:25 1,399,286
2,$55,7.4..3; 2,092,901
NET CASH PROVIDED (USED)
1.0,499:,634 11,695,798
BANK NET CASH AN BANK
BALANCE PROVIDED BALANCE....._.; BALANCE
FINANCIAL POSITION: JAN 31/1996 (USED) FEB I.9/1.9.00 FEB 28/1995
GENERAL FUND 441,755 5,660,190 6 101 945 1,230,332
RESERVE FUND 3,452,199 (399,335) 3 052 864 38,847
MUNICIPAL POOLED INVESTMENTS 19,843 70 0
SCOTIACONNECT INVESTMENT ACCOUNT 0 0 0: 2,850,000
INVESTMENTS (GENERAL+ RESERVE FUND) 29,659,928 5,238,709 , 34.%8.9.6,.6.,37:; 40,129,120
TOTALS 1 33,573,7251 10,499,634 44 Q73 359; 44,248,299
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NOTE A; Difference in comparison between years due to timing difference in receipt of funds.
724
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Continuity of Taxes Receivable
for the month of February 1996
JANUARY EB:F3l iAiY:: FEBRUARY
1996 INTEREST TAXES PAYMENTS ADJUST. 1..:996:.;:;:.>::> 1995
RECEIVABLE ADDED BILLED BALANCE ***
CURRENTYEAR
..........................
.. ... ...................
TAXES (115,143 13,748,765 13,633,622
(13,984,643 19,569 (331,452_ (423,403
PENALTYAND INTEREST 0 120 120 248 0 368:: 240
1995 YEAR
TAXES 3,600,136 3,600,136 (358,912) (6,163) 3,235;06::: 3,232,889
PENALTYAND INTEREST 236,047 47,022 283,069 (47,251
(1,007) 248,478
1994 YEAR
TAXES 1,685,585 1,685,585 (125,848) (183) 1,559;554 1,719,765
PENALTYAND INTEREST 223,551 21,292 244,843 (33,626) 21:7: 273,819
PRIOR
TAXES 1,408,425 1,408,425 (76,547) (29) 1,034,928
PENALTYAND INTEREST 391,281 18,076 409,357 (28,605 0 3130;752:: 297,996
TOTAL 7,429,882 86,510 13,748,765 21,265,157 14,655,184 12,187 6;522;:1:.66: 6,384,712
TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) N/A
PERCENT OF CURRENT TAXES OUTSTANDING N/R. 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
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PART "C"
STATISTICAL INFORMATION
FOR THE MONTH OF FEBRUARY, 1996
Payment Received - Taxes 23,308
Tax Certificates 265
Number of Properties eligible for Tax 22
Registration (see Note 1)
Accounts Payable Cheques Issued
Manuals # 47245 to 47267 23
Computer # 48367 to 48937 571
Number of Births Registered 26
Number of Deaths Registered 37
Note l: Only includes those properties whose arrears are greater than $10,000
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INVESTMENTS OUTSTANDING PART"D"
AS AT FEB 29,1996
FINANCIAL INVESTMENT INTEREST #OF DAYS MATURITY
INSTITUTION COST RATE O S DATE
GENERAL FUND BNS 3,000,000 5,25% 32 Mar 29/96
BNS 2,000,000 5.25% 32 Mar 29/96
TOTAL GENERAL FUND 5 000 000:
RESERVE FUND RBC 34,731.25 7.20% 1,740 Aug 8/00
RBC 1,044,032 6.95% 368 Sept 15/96
RBC 1,974,886 7.00% 445 Dec 1/96
ROYAL 2,955,390 5,74% 96 Mar 25/96
RBC 1,490,838 6.90% 261 June 1/96
RBC 999,999 5.45% 441 Apr 16/97
RBC 820,799 7.16% 1358 July 6/99
WOOD GUNDN 2,210,810 8.90% 774 April 11/97
WOOD GUND 589,189 8,90% 833 June 9/97
RBC 250,000 8.00% 184 Mar 1/00
RBC 216,000 8.50% 365 May 1/96
8,75% 730 May 1/97
8.875% 1095 May 1/98
9.00% 1460 May 1/99
RBC 999,999 7.70% 1718 Feb 6/00
RBC 295,000 8,50% 3285 May 26/04
RBC 601,120 7.95% 1366 Feb 20/99
WOOD GUNDN 344,316 7.90% 1135 July 13/98
RBC 2,063,811 7.95% 1688 Jan 13/00
RBC 403,000 7.25% 730 June 8/97
158,000 7.50% 1095 June 8/98
514,000 7.75% 1825 June 8/00
RBC 171,049 7.64% 799 Nov 14/97
WOOD GUNDN 750,171 7.048% 412 Sept 16/96
RBC 234,787 7.30% 837 Nov 14/98
RBC 862,564 7.43% 1316 March 8/99
RBC 1,000,000 8.20% 1825 Aug 8/00
HONG KONG 1,900,000 6,95% 365 Aug 10/96
RBC 500,000 7.80% 1043 July 3/98
RBC 475,000 8.58% 2761 Mar 17/03
ROYAL 2,099,744 7.08% 364 Aug 22/96
RBC 200,486 7.00% 366 Sept 15/96
RBC 999,999,76 6.20% 1,252 July 6/99
RBC 138,709 6,25% 1,637 Aug 1/00
RBC 100,000 7.10% 1,906 May 14/01
TD 2,500,206 7.12% 342 Aug 1/96
TOTAL RESERVE FUND .29 aft,
TOTAL INVESTMENTS 34 898 687:
.12 7
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D N:CASHPTE
PART"E"
FEBRUARY 1996
Development Charges
Total. Lot Levies Town Region
Fridel Ltd. 1; ;:49;.OQ; — 5,131.00 7,308,00 —
L31, C2,Darlington
LD 151/95
B/P#96.0016
Fridel Ltd. 1:x,439 00: — 5,131.00 7,308.00 —
L35, C2,Darlington
LD 140/95
B/P#96.0022
1000690 Ontario Inc, 1:3 300 00: — — 13,300.00 —
L29, C2, Darlington
40M1755
B/P#95.0653 —95.0654
TOTALS 3$:1 $sOU[==0.00 10,262.00 27,916.00 0.00
CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND
Fridel Ltd. 750,00
L13, C3,Darlington
LD 150/95
290572 Ontario Ltd. 11,900.00
Pt.1-29,C2, Darlington
18T-94024
W.Hryci uk 6,250.00
Pt.1-14, C8, Darlington
LD 14/93 to LID 17/93
Total Cash—in—Lieu of Parkland 18,900.00
CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES
290572 Ontario Ltd, 24,888.00
Courtice Crossing Subdivision
Phase 4
18T-87092
W.Hryciuk 2,074.36
Pt.1-14, C8, Darlington
LD 14/93 to LD 17/93
Total Engineering and Inspection Fees Contributions 26,962.36
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