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Home My WebLink AboutTR-1-96 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# L\ Mtn Date: January 8, 1996 Res. # ��( [3y-Law# Report#:— 96___._ File#: Subject: CASH ACTIVITY REPORT - NOVEMBER 1995 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-1-96 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 November 30, 1995, is as shown on the attached schedule; and I 3. THAT Part "A" of the expenditures for the month of November, 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 November 30, 1995 and the comparative information for the month ended November 30, 1994. i RespeAtfum submitted, Reviewed by, � UJr arie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/hjl Attachments RECYCLE 7 n 1 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of November 1995 NOVEMBER NOVEMBER _. ...... 199.5 1994 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 986.,589 1,160,676 UNCONDITIONAL GRANT GRANTS—IN—LIEU: GOVT OF CANADA GIL MUICIPAL TAX ASSISTANCE GRANT—IN—LIEU MEMORIAL HOSPITAL GIL BELL TELEPHONE GIL REGION GIL SUBSIDIES; MUN.AFFAIRS—WATERFRONT TRAIL MNR— PIT LICENSE 113,075 DEVELOPMENT CHARGES—TOWN—Note A 568,873,; 285,452 COIW INFRASTRUCTURE GRANT GENERAL 41.4,466. 596,882 INTEREST 39,792 177,972 DEVELOPMENT CHARGES—REGION/PUC 317 21.3'. 172,309 .....>. . .. :. 2,56$,852: 2,506,366 USE OF FUNDS: PAYROLL 1,032,26,.3: 1,018,977 DEBENTURE CHARGES 211 g71'` REGION LEVY SCHOOL BOARD LEVIES GENERAL—INCLUDING CAPITAL EXP. 2,(694; 2,732,295 9,413;558; 3,751,272 NET CASH PROVIDED (USED) 8.44:,7.0.5) (1,244,906) BANK NET CASH AN BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: OCT 31/1995 (USED) NOV 30/1995'' NOV 30/1994 i GENERAL FUND 196,704 460,685 1661:389;;: 555,236 RESERVE FUND 393,844 609,428 .:: it.0Q.3,.2..72 342,819 MUNICIPAL POOLED INVESTMENTS 19,193 111 19,.$04> o SCOTIA CONNECT INVESTMENT ACCOUNT 430,000 (430,000). 0 800,000 INVESTMENTS (GENERAL+ RESERVE FUND) 43,773,772 (1,484,929):;;::;:42,28.8..;843; 40,235,887 TOTALS 44,813,513 (844,705) 43 968 808': 41,933,942 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. I I i I i 702 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of November 1995 OCTOBER NOVEM:BEI� NOVEMBER 1995 INTEREST TAXES PAYMENTS ADJUST. 1:995 1994 RECEIVABLE ADDED BILLED BALANCE *** CURRENT YEAR TAXES 4,900,648 4,900,648 (546,825) (32,960) 4 3210,863 4,545,739 PENALTY AND INTEREST 185,871 62,345 248,216 (34,771) (1,825) _.;'::2�1_,62b 211,081 1994 YEAR TAXES 1,973,565 1,973,565 (118,193) (4,696) 1;850,676: 2,039,712 PENALTY AND INTEREST 247,731 24,896 272,627 (26,230) (504) _;24 ; 9.. 298,683 1. 1993 YEAR TAXES 1,086,101 1,086,101 (54,249) (1,092) 03D;;76Q 840,650 PENALTY AND INTEREST 210,061 13,780 223,841 (15,019) (760) 208D61 166,177 PRIOR TAXES 618,606 618,606 (22,327) (972) 59 ;308: 444,653 PENALTY AND INTEREST 224,132 8,032 232,164 (12,715) (208) 213,2.4.1::: 175,321 TOTAL 9,446,715 109,053 0 9,555,768 830,329 43,018 8,f82 421: 8,722,016 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 56`783 844 54,951,500 PERCENT OF CURRENT TAXES OUTSTANDING *** 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) J y Cd PART "C" STATISTICAL INFORMATION FOR THE MONTH OF NOVEMBER, 1995 Payment Received - Taxes 1,016 Tax Certificates 526 Accounts Payable Cheques Issued Manuals # 32316 to 32329 14 Computer # 43214 to 43882 669 Number of Births Registered 28 Number of Deaths Registered 32 I i I 704 INVESTMENTS OUTSTANDING PART"D" AS AT NOV 30,1995 FINANCIAL INVESTMENT INTEREST #OF DAYS MATURITY INSTITUTION COST RATE O/S DATE GENERAL FUND BNS 1,485,930 5.96% 58 Jan 11/96 BNS 3,000,000 6.50% 84 Dec 15/95 BNS 3,000,000 6.40% 81 Dec 15/95 BNS 1,000,000 6.45% 78 Dec 15/95 ROYAL 986,190 7.30% 70 Jan 5/96 MONTREAL 1,468,290 6.68% 118 Dec 1/95 TOTALGENERALFUND i094Q41Q: 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 BNS 799,755 6.50% 86 Dec 7/95 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 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 GUND 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 Aug8/oo 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 2,952,420 6.61% 89 Dec 20/95 MONTREAL 492,480 6.48% 86 Dec 20/95 TO 2,500,206 7.12% 342 Au 1/96 TOTAL RESERVE FUND 348 433` TOTAL INVESTMENTS ..42 288 843: 705 DN:CASHPTE PART"E" NOVEMBER 1995 Development Charges Total Lot Levies Town Re ion I C.H.E.C. 290572 Ontario Ltd, 6.8 075*.5Q. — 27,517.50 40,558.00 — 40M1815 L29,C2, Darlington B/P#95.0692—0694,0699—0701 Wilmot Creek 1,845 OQ' — 1,845.00 —Lot 51, BFC, Darlington B/P#95.0718,0721,0744 Andelwood Homes 1;2 439 00 — 5,131.00 7,308.00 — L34,C2, Darlington B/P#95.0687 1000690 Ontario Ltd. 56 06280 — 230.80 55,832.00 — (Liza Homes) 40M1755/40M1761 L29, C2, Darlington/ L30,C2, Darlington B/P#95.0647—0652,0707,0724 Halminen Homes 41...;.6..2.....3 72 — 41,623,72 — — 40M1755,40M1761 L29, C2, Darlington L30,C2, Darlington B/P#95.0652,707,724 Eiram Dev. Corp. 51 79800, — 573.00 51,156,00 69.00 40 M 1776 L10,C3, Bowmanville B/P#95.0710-0716 Kaitlin Group 507,679 25 — 399,305.25 108,374.00 — 40M 1796 L15,C1, Bowmanville B/P#95.0634-0645 Lord Elgin Bldg.Corp. 1 ,356 87 — 5,419.87 7,308.00 629.00 40M1764 L12, C2, Bowmanville B/P#95.0743 Eiram Dev, Corp. 116;372 00 — 76,965,12 29,972.00 9,434.88 40M1714 L10, C3, Bowmanville B/P#95.0736-0740 757001 Ontario Ltd. 13;548.0.0 — 10,262.00 3,286.00 — (Andelwood Homes) 40M1785 L9, C3, Darlington B/P#95.0746 I Robert/Jennifer Henderson 1;64300 — — 1,643,00 — B/P#95.0709 R.Geisberger 1;643.00 — — 1,643.00 — B/P#95.0735 TOTALS 886;086.14 0.00 568,873.26 307,080.00 10,132.88 706 i DN:CASHPTE PART"E" NOVEMBER 1995 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND John Hill Properties Pt L33,C2, Darlington 2,500.00 LD128&129/95 Trebann Co. Ltd. L31, C1, Darlington 500,00 DEV95—044 Glen Whitehead Pt. L17,C1, Darlington 1,400.00 DEV92-006 1098431 Ontario Ltd, 3,640.00 L28,C3,Clarke DEV95—008 1081568 Ontario Ltd. 700,00 L28,C1,Clarke LD124/95 Total Cash—in—Lieu of Parkland 8,740.00 CONTRIBUTIONS — ROADS CONTRIBUTIONS John Hill Properties 1,250.00 Pt L33, C2, Darlington LD128&129/95 Storm Sewer Connection Prestonvale Rd. Total Roads Contributions 1,250.00 7 .97 j