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Home My WebLink AboutTR-17-96 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: ENERAL PURPOSE AND ADMINISTRATION COMMITTEE �� File# ELO- M0 Date: March 18, 1996 Res. # — Report#: 2 R 17�6 File#: By-Law# Subject: CASH ACTIVITY REPORT - JANUARY 1996 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-17-96 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 January 31, 1996, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of January, 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 January 31, 1996 and the comparative information for the month ended January 31, 1995. Respect ly submitted, Reviewed by, I /aricA/Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/hjl Attachments i I I RE PayER PAPER RE E 7 1 D46I PRIMED a!RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of January 1996 JANUARY 1996: 1995 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 782,879 595,013 UNCONDITIONAL GRANT GRANTS—IN—LIEU: _:, GOV'T OF CANADA GIL MUICIPAL TAX ASSISTANCE GRANT—IN—LIEU _ MEMORIAL HOSPITAL GIL BELL TELEPHONE GIL ONTARIO HYDRO PROCEEDS 350,000; SUBSIDIES; MUN.AFFAIRS—WATERFRONT TRAIL MINISTRY OF TRANSPORTATION 873,487 DEVELOPMENT CHARGES—TOWN 5;131;! 14,877 REGION DEBENTURE RECOVERABLE GENERAL 54;125 319,703 INTEREST 252769: 52,105 DEVELOPMENT CHARGES—REGION/PUC 55,256 2,888.;960.; 1,910,441 USE OF FUNDS: PAYROLL 686;049: 697,671 DEBENTURE CHARGES REGION LEVY SCHOOL BOARD LEVIES 140.154; 49,421 GENERAL—INCLUDING CAPITAL EXP. 2,856:;717 1,872,477 8,682;920 2,619,569 NET CASH PROVIDED (USED) 1;;293;960) (709,128) BANK NETCASH A BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: DEC 31/1995 (USED) JAN...81Jj9.96 JAN 31/1995 GENERAL FUND 1,304,209 (862 454) 441 755: 378,843 RESERVE FUND 2,498,390 953,809 3452199 2,114,905 MUNICIPAL POOLED INVESTMENTS 19,728 115 iJ 843 0 INVESTMENTS (GENERAL+ RESERVE FUND) 31,045,358 (1,385,430):1111 29 659,928; 30,058,752 TOTALS 34,867,685 1 293 960 33 53 725 32,552 500 NOTE A: Difference in comparison between years due to timing difference in receipt of funds, � 02 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of January 1996 DECEMBER J4:Uq JANUARY 1995 INTEREST TAXES PAYMENTS ADJUST. 1:99:6. RECEIVABLE ADDED BILLED BALANCE *** CURRENTYEAR TAXES PENALTYAND INTEREST 0 (121,623 6,480 (116143: (70,220 0 ........... 0 1995 YEAR TAXES 3,905,866 3,905,866 (304,665) (1,065) 360k1136; 3,689,212 PENALTYAND INTEREST 215,702 50,871 266,573 30,307) (219) 236;047:: 243,892 1994 YEAR TAXES 1,742,515 1,742,515 (56,759) (171) 1685 5 1,854,610 PENALTYAND INTEREST 218,747 22,004 240,751 (17,184 (16 22355.I 282,854 PRIOR TAXES 1,453,253 1,453,253 (44,828 1,41)8,4.25; 1,109,103 PENALTYAND INTEREST 386,244 18,636 404,880 (13,153) (446) 3..9.:1:;287::: 306,916 TOTAL 7,922,327 91,511 0 8,013,838 588,519 4,563 7;429;882: 7,416,367 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS)—NOTE 2 N A. N/A 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 .� vJ y td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF JANUARY, 1996 Payment Received - Taxes 604 Tax Certificates 225 Number of Properties eligible for Tax 22 Registration (see Note 1) Accounts Payable Cheques Issued Manuals # 47234 to 47244 11 Computer # 47798 to 48366 569 Number of Births Registered 23 Number of Deaths Registered 36 Note l: Only includes those properties whose arrears are greater than $10,000 704 INVESTMENTS OUTSTANDING PART"D" AS AT JAN 31, 1996 FINANCIAL INVESTMENT INTEREST #OF DAYS MATURITY INSTITUTION COST RATE O/S DATE GENERAL FUND TOTALGENERALFUND 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 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 GUNDY 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 GUNDY 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% 1,252.00 July 6/99 TD 2,500,206 7.12% 342 Aug 1/96 TOTAL RESERVE FUND 29 689;928: TOTAL INVESTMENTS 29 659'928:. 705 I D N:CASHPTE DART "E" JANUARY 1996 Development Charges Total; Lot Levies Townj Region I C.H.E.C. The New Building Place 6,77400; — 5,131.00 1,643.00 — L22, C2, Darlington LD 204/93 B/P#96.001 1000690 Ontario Ltd. 14,616.00 — L30, C2, Darlington 40M1761 B/P#95.782-783 D.Vanderkooi 1,643.00 — B/P#96.003 Jatec Excavating 16430p — — 1,643.00 — B/P#96.0012 TOTALS 24 676.0.0.: 0.0011 5 131.00 19 545.00 0.00 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND Total Cash—in—Lieu of Parkland 0.00 CONTRIBUTIONS — ROADS CONTRIBUTIONS 0.00 Total Roads Contributions 0.00 /Q6 i