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Home My WebLink AboutTR-12-96 i THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# Date: February 19, 1996 Res. #Gk2 _310 By-Law# Report#:_ R-42.96- File#: Subject: CASH ACTIVITY REPORT - DECEMBER 1995 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-12-96 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 December 31, 1995, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of December, 1995, 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 December 31, 1995 and the comparative information for the month ended December 31, 1994. Respectfully submitted, Reviewed by, arie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, j Treasurer. Chief Administrative Officer. MM/NT/hjl Attachments R ER PAPI PAPEER D RECYCLE i THIS IS PRIDLED ON RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of December 1995 R.ECEMBER DECEMBER .............................. .1.1............................. ................................ (95 1994 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 85$',168. 948,503 UNCONDITIONAL GRANT «....... ..;:.........11 GRANTS—IN—LIEU: GOVT OF CANADA GIL 30,706 MUICIPAL TAX ASSISTANCE GRANT—IN—LIEU 32;973' MEMORIAL HOSPITAL GIL BELL TELEPHONE GIL ONTARIO HYDRO PROCEEDS 200,000 SUBSIDIES: MUN.AFFAIRS—WATERFRONT TRAIL MNR— PIT LICENSE DEVELOPMENT CHARGES—TOWN .:.....53,.0 4 101,694 REGION DEBENTURE RECOVERABLE 9.x,;$6..7 101,409 GENERAL 552 207 700,803 ................................ ................................. INTEREST :': <;;2..53:502 129,906 DEVELOPMENT CHARGES—REGION/PUC 13 @.264; 138,778 .. ;:..A' 01:,524: 2,351,799 ................................. USE OF FUNDS: PAYROLL 741:,389; 714,942 DEBENTURE CHARGES 86:574; 90,620 REGION LEVY 290,026 SCHOOL BOARD LEVIES 8 346,178; 8,277,888 GENERAL—INCLUDING CAPITAL EXP. 1.,.9..08:,5.Q7 1,650,636 11,082,642 11,024,112 NET CASH PROVIDED (USED) 9 (::0;1:;:('.23 (8,672,313) BANK NET CASH BANK,, BANK BALANCE PROVIDED BALANGE;:.;: >: BALANCE .............................. ................................ ................................. FINANCIAL POSITION: NOV 30/1995 (USED) p. G::3..1/:1 .9.5 DEC 31/1994 GENERAL FUND 657,389 646,820 ::.... 1,.3.:!x,209:: 1,013,598 RESERVE FUND 1,003,272 1,495,118 2..;49.8..;390:: 320,081 MUNICIPAL POOLED INVESTMENTS 19,304 424 19 728: 0 SCOTIA CONNECT INVESTMENT ACCOUNT 0 0 Q 0 INVESTMENTS (GENERAL+ RESERVE FUND) 42,288,843 (11,243,485)::' 3.;1;;045;358: 31,927,950 TOTALS 43,968,808, (9, 23 34$67 6$5 33,261 629 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 1,96 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of December 1995 NOVEMBER Di=:Gi=11iBER DECEMBER 1995 INTEREST TAXES PAYMENTS ADJUST. 1994 RECEIVABLE ADDED BILLED BALANCE *** CURRENTYEAR TAXES 4,320,863 116,438 4,437,301 (536,573) 5,138 3,905,66fi 3,940,745 PENALTYAND INTEREST 211,620 55,267 266,887 (51,046) (140 215702: 228,220 1994 YEAR TAXES 1,850,676 1,850,676 (108,161) 1,.742; :5': 1,932,598 PENALTYAND INTEREST 245,893 23,360 269,253 (50,533) 27 2151?L 287,282 1993 YEAR TAXES 1,030,760 1,030,760 (145,330) (3 885,428:; 773,227 PENALTYAND INTEREST 208,061 13,079 221,140 (52,624) 369 1;68,884: 148,849 PRIOR TAXES 595,308 595,308 (27,483) 7,825': 417,937 PENALTYAND INTEREST 219,241 7,741 226,982 (9,726) 104 ;21.7;360 169,895 TOTAL 8,682,422 99,447 116,438 8,898,307 981,476 5,495 7;922;326;: 7,898,753 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) »56;:783;044: 54,951,500 PERCENT OF CURRENT TAXES OUTSTANDING 6.88l 7.17% *** 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) td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF DECEMBER, 1995 Payment Received - Taxes 1139 Tax Certificates 186 Accounts Payable Cheques Issued Manuals # 32330 to 32332 10 47227 to 47233 Computer # 47381 to 47797 417 Number of Births Registered 22 Number of Deaths Registered 30 i INVESTMENTS OUTSTANDING PART"D" AS AT DEC 31, 1995 FINANCIAL I INVESTMENT INTEREST #OF DAYS MATURITY INSTITUTION COST RATE O/S DATE GENERAL FUND ROYAL 986,190 7.30% 70 Jan 5/96 TOTAL GENERAL FUND 986190:: 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 TD 2,399,239 7.53% 446 Jan 8/96 RBC 820,799 7.16% 1358 July 6/99 WOOD GUNDY 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 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 TD 2,500,206 7.12% 342 Aug 1/96 TOTAL RESERVE FUND 30 059;168 TOTAL INVESTMENTS 31 Q5 358> TO 9 DN:CASHPTE PART"E" DECEMBER 1995 Development Charges Total. Lot Levies Townj Re ion I C.H.E.C. Wilmot Creek 1;$4500. — 1,845.00 Lot 51, BFC, Darlington B/P#95.0779,780,799 John Hill 23 562 00 — 10,262.00 13,300.00 — Lot 33, C2, Darlington LID 128/95 B/P#95.771-772 Kaitlin Group 88,424.00 — L15, C2, Bowmanville 40 M 1796 B/P#95.753-560,767-768,776-778 Eiram Developments 7 808 4C1 — — 7,308.00 — L10, C3, Bowmanville 40 M 1776 B/P#95.765 290572 Ontario Ltd. 23 788 50 — 9,172.50 14,616.00 — L29, C2, Darlington 40M1815 B/P#95.788-789 Halminen Homes 1:76 31,764.98 — — L29, C2, Darlington 40 M 1755 L30, C2, Darlington 40M1761 B/P#95.653-654,782-785 1000690 Ontario Ltd. 14 616 00.: — — 14,616.00 — L29, C2, Darlington 40M1755 L30, C2, Darlington 40M1761 B/P#95.784-785 TOTALS 04-8615 48 0.00 53 044.48 138 264.00 0.00 i i 4/ 10 DN:CASHPTE PART"E" DECEMBER 1995 I [CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND Total Cash—in—Lieu of Parkland 0.00 I CONTRIBUTIONS — ROADS CONTRIBUTIONS 0.00 Total Roads Contributions 0.00 I i