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Home My WebLink AboutTR-91-96 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON Xl REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File# O—1 "A Date: December 2, 1996 Res. #( -J`-L I-� ' Report#:—__TR-91-96 File#: By-Law# Subject: CASH ACTIVITY REPORT - OCTOBER 1996 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-91-96 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 October 31, 1996, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of October, 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 October 31, 1996 and the comparative information for the month ended October 31, 1995. i Respectfully submitted, Reviewed by, Marie A. Marano, H.BSe.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/LG/hjl 1 Attachments I I RECYCLED RE.AE 8 0 1 TLLG 6 PL,N`EDC RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of OCTOBER 1996 QTOBBR OCTOBER < 196; 1995 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 2,04 ,321 1,624,022 UNCONDITIONAL GRANT 0 108,319 MUNICIPAL SUPPORT GRANT 2 3Q2 GRANTS—IN—LIEU; GOV'T OF CANADA GIL 29,269 MUNICIPAL TAX ASSISTANCE GIL HYDRO GIL fQ55:446 MEMORIAL HOSPITAL GIL MINISTRY OF HOUSING GIL LCBO GIL REGION GIL BELL TELEPHONE GIL 217:38 ONTARIO HYDRO PROCEEDS 3p.Opp' NATURAL RESOURCES—PITS&QUARRIES SUBSIDIES: HAND]—TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION _...:..i DEVELOPMENT CHARGES—TOWN 1:a1,7;4.ij 334,503 COIW INFRASTRUCTURE GRANT 4; 1,682 GENERAL fi91979: 1,263,295 INTEREST 99,805 DEVELOPMENT CHARGES—REGION/PUC 2.U:81!48 197,095 5 Q39 1. 3,657,990 USE OF FUNDS: PAYROLL 691,296 DEBENTURE CHARGES 0: 17,914 REGION LEVY 2,874;42: 2,752,400 SCHOOL BOARD LEVIES q: 0 GENERAL-INCLUDING CAPITAL EXP. 2,378;3.,21;: 3,545,688 5;9 . 1.;; 7,007,298 NET CASH PROVIDED (USED) ( 9298.4] (3,349,308) BANK NET CASH BANK::;::;:::;: BANK BALANCE PROVIDED BQLANC. BALANCE FINANCIAL POSITION: SEPT 30/96 (USED) ;;GT;3.1;/96;:.:;;::,:; OCT 31/95 GENERAL FUND 1,609,383 576,705 ;. 21,;$8,Q88: 196,704 RESERVE FUND 3,445,403 502,941 948, 43; 393,844 MUNICIPAL POOLED INVESTMENTS 21,143 330 21 473: 19,193 SCOTIA CONNECT INVESTMENT ACCOUNT 0 0 b: 430,000 INVESTMENTS (GENERAL+ RESERVE FUND) 42,451,988 (1,972,956).... 43,773,772 TOTALS 47,527,9171 (892 980 46 6.3.4 93? 44.813.513 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 802 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of October 1996 as z SEPTEMBER OCTOBER OCTOBER a 1996 INTEREST TAXES PAYMENTS 1996 1995 RECEIVABLE ADDED BILLED BALANCE /ADJUST. *** CURRENT YEAR TAXES 6,337,274 68,129 6,405,403 (1,016,310) 5389:Q93.. 4,900,648 PENALTY AND INTEREST 167,821 79,737 247,557 44,017 J__: 2t)34f3 185,871 1995 YEAR TAXES 2,119,492 2,119,492 (137,552) 1,973,565 PENALTY AND INTEREST 254,018 27,021 281,038 (27,038) 247,731 1994 YEAR TAXES 1,032,082 1,032 082 67 683 ( ) ;;;;9641399' 1,086,101 PENALTY AND INTEREST 181,086 13,046 194,132 (10,513) 210,061 PRIOR TAXES 783,747 783,747 (16,108) 767;640 618,606 PENALTY AND INTEREST 266,675 10,231 276,906 6,120 283;;026 224,132 TOTAL 11 142 195 130 034 68,129 11,340.358 (1,313,10 10 02725 9 446 715 TOTAL TAXES LEVIED INCLUDING REGION AND SCHOOL CHOOL BOARDS) a 9 1:0.2. 56 783 044 PERCENT OF CURRENT TAXES OUTSTANDING 925°l 8.63% *** 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) PART "C" STATISTICAL INFORMATION FOR THE MONTH OF OCTOBER, 1996 Payment Received - Taxes 1,557 Tax Certificates 328 Number of Properties eligible for Tax 78 Registration (see Note 1) Accounts Payable Cheques Issued Manuals #47372 to 47380 15 #49704 to 49709 Computer #12678 to 13250 573 Number of Births Registered 71 Number of Deaths Registered 50 Note 1: Only includes those properties whose arrears are greater than $10,000. i 804 INVESTMENTS OUTSTANDING PART"D" AS AT OCTOBER 31,1996 C S INSTITUTION COST RATE O/S DATE GENERALF ND TD 1,483,830.00 4.37% 91 Nov 2,973,330.00 4.04% 81 Dec 13/96 TD 2,975,280.00 3.94% 77 Dec 12/96 TD 2,976,240.00 3.94% 74 Dec 9/96 MTL 996,770.00 3.70% 32 Nov 5/96 TOTAL GENERAL FUND >1�:406'460;00; RESERVE FUND RBC 34,731.25 7.20% 1,740 Aug 8/00 RBC 1,974,886.49 7.00% 445 Dec 1/96 RBC 1,001,705.00 6.80% 1828 Mar 15/01 RBC 820,799.37 7.16% 1358 July 6/99 WOOD GUND 2,210,809.60 8.90% 774 April 11/97 WOOD GUND 589,189.19 8.90% 833 June 9/97 RBC 250,000.00 8.00% 184 Mar 1/00 RBC 168,000.00 8.75% 730 May 1/97 8.875% 1095 May 1/98 9.00% 1460 May 1/99 RBC 999,999.48 7.70% 1718 Feb 6/00 RBC 295,000.00 8.50% 3285 May 26/04 RBC 601,120.00 7.95% 1366 Feb 20/99 WOOD GUND 344,316.13 7.90% 1135 July 13/98 RBC 2,063,810.92 7.95% 1688 Jan 13/00 RBC 403,000.00 7.25% 730 June 8/97 158,000.00 7.50% 1095 June 8/98 514,000.00 7.75% 1825 June 8/00 RBC 171,049.32 7,64% 799 Nov 14/97 RBC 234,787.20 7.30% 837 Nov 14/98 RBC 862,564.39 7.43% 1316 March 8/99 RBC 999,999.65 8.20% 1825 Aug 8/00 RBC 499,999.62 7.80% 1043 July 3/98 RBC 475,000.00 8.58% 2761 Mar 17/03 RBC 999,999.76 6.20% 1,252 July 6/99 RBC 138,709.23 6.25% 1,637 Aug 1/00 RBC 99,999.64 7.10% 1,906 May 14/01 RBC 72,000.00 6.10% 730 June 18/98 RBC 40,397.70 7.20% 1,578.00 Aug 8/00 RBC 32,800.00 4.75% 183 Dec 21/96 RBC 1,499,195.25 5.17% 358 July 24/97 RBC 1,999,999.91 5.90% 762 Sept 1/98 HONG KONG 2,000,000.00 4.30% 91 Nov 12/96 TD 2,374,872.00 4.11% 94 NOv25/96 WOOD GUNDI 809,999.81 4.34% 289 July 2/97 RBC 1,332,840.80 4.02% 185 Mar 20/97 BNS 2,000,000.00 4.05% 88 Dec 20/96 i TOTAL RESERVE FUND 29''01 581.<7 TOTAL INVESTMENTS 40 4TH 03�7.1 805 i DN:CASHPTE PART"E" OCTOBER 1996 Development Charges T4fall Lot Levies Town I Re ion C H E C. F40M1 Homes 78.7.ta8p0 — 78,768.00 — — , Darlington B/P#96.0681-0692,0751-0756 Nu—Build 18,4100 — 5,131.00 13,300.00 — (David B.Thomas) L•34, C.2, Darlington 40M1799 B/P#96.0697-0698 I 290572 Ontario Ltd. 39;9..00:0.0. — — 39,900.00 — L•29, C.2,Darlington 40M1839 B/P#96.0733-0734,0737-0740 Andelwood Homes "4 $'g8p0 — — _ 43,848.00 L•34, C.2,Darlington 40M1847 B/P#96.00200,0250,0545, 0678, B/P#96.0735, 0748 i Eiram Development 1480,.O..Q — — 1,480.00 — L.10, C•3, Bowmanville 40M1714 B/P#96.0714 Martin Road Holdings 1.. ;ti1..6...Q()I — — 14,616.00 — (Kaitlin Group) L•15,C.1,Darlington 40M1816 B/P#96.0726, 0747 Wilmot Creek 1,230.00 — — Lots 40A, 295 B/P#96.0767, 0769 i Halminen Homes 1„ :Oq — 61,572.00 87,696.00 — (1000690 Ontario Inc.) L•30,C.2,Darlington 40M1820 B/P#96.0585-0587,0783,0785-0789, B/P#96.0801-0803 Derek Baird Holdings 12;352 77 — 5,044.77 7,308.00 — L•29,C2, Darlington 40M1755 B/P#96.0759 TOTALS $ 9,8957 0.00 151,745.77 208,148.00 0.00 *Different rate per special agreement and collected as a development charge, � 806 I DN.CASHPTE PART"E" OCTOBER 1996 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND 921862 Ontario Limited 1,690.22 Baseline&Liberty Streets Carwash Total Cash—in—Lieu of Parkland 1.690.22 CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES 0.00 Total Engineering and Inspection Fees Contributions 0.00 CONTRIBUTIONS — ROADS 0.00 Total Roads Contributions 0.00 807