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Home My WebLink AboutTR-84-96 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: ENERAL PURPOSE AND ADMINISTRATION COMMITTEE J' File# Date: November 4, 1996 Res. #G -` 1(A-) � Report#:__qq?g4_q6®_ Fife##: fay-Law# Subject: CASH ACTIVITY REPORT - SEPTEMBER 1996 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-84-96 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 September 30, 1996, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of September, 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 September 30, 1996 and the comparative information for the month ended September 30, 1995. I Respectfully submitted, Reviewed by, Marie A. Marano, H.BSc.,A.M.C.T., W.H wock5 ell, Treasurer. Chief Administrative Officer. MM/LG/hjl Attachments I i PELA o EC L 80 1 CPA RECYCLE TRZ 6 PR,DTFC CN RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of SEPTEMBER 1996 SEP:Tt"MBBR SEPTEMBER :';:;;;;;;1:99:6: 1995 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 9;45 ;495: 10,323,574 UNCONDITIONAL GRANT 0 MUNICIPAL SUPPORT GRANT 25'7;3(J'2 0 GRANTS—IN—LIEU: GOVT OF CANADA GIL MUNICIPAL TAX ASSISTANCE GIL HYDRO GIL 0` 2,073,267 MEMORIAL HOSPITAL GIL 0 MINISTRY OF HOUSING GIL 0 LCBO GIL 0 REGION GIL 1;02:'390 87,419 BELL TELEPHONE GIL 0: 214,429 ONTARIO HYDRO PROCEEDS d' 200,000 NATURAL RESOURCES—PITS&QUARRIES SUBSIDIES: HANDI—TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION DEVELOPMENT CHARGES—TOWN "` 529;; 118,781 COIW INFRASTRUCTURE GRANT 9 >` 405,759 GENERAL `.'a1Q032 587,731 INTEREST 717,844 DEVELOPMENT CHARGES—REGION/PUC 192,722 1>1;2b7 19:1:: 14,921,526 USE OF FUNDS: PAYROLL 724,657 DEBENTURE CHARGES 95:;5$1';; 84,078 REGION LEVY SCHOOL BOARD LEVIES 8527I :S: 8,346 178 GENERAL—INCLUDING CAPITAL EXP. 68';;1G2' 2,060,802 1.098p776 11,215,715 NET CASH PROVIDED (USED) 41>$ 3,705,811 BANK NET CASH BANK > > BANK BALANCE PROVIDED SALANCf* BALANCE FINANCIAL POSITION: AUG 31, 1996 (USED) SP;T:;.3...q/96 ;><;: SEPT 30/95 GENE RAL FU D N 1,852,529 (243,146);;`:<:;< 4<6.0938:3 3,070,916 RESERVE FUND 3,917,280 (471,878 ;;> 3'4:4.5...';40 430,143 MUNICIPAL POOLED INVESTMENTS 22,396 ).... (1,253) 386,510 SCOTIA CONNECT INVESTMENT ACCOUNT 0 0 1,030,000 INVESTMENTS (GENERAL+ RESERVE FUND) 41,509,298 942,690 42,451,988; 43,245,252 TOTALS 47 301 503 226,413 i?>; 47 527 91'7:; 48,162.821 NOTE A: Difference in comparison between years due to timing difference in receipt of funds, • I 802 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of September 1996 AUGUST SEPTEMBER: SEPTEMBER 1996 INTEREST TAXES PAYMENTS 1996: 1995 RECEIVABLE ADDED BILLED BALANCE /ADJUST. *** CURRENT YEAR TAXES 657,376 76 15,978,961 16,636,336 10,299,063 <''6 332T4 ( ) 6,062,181 PENALTY AND INTEREST 148,692 51,145 199,836 (32,015) 154,118 1995 YEAR TAXES 2,211,440 2,211,440 (91,948) 2 492:. 2,126,024 PENALTY AND INTEREST 250,701 28,192 278,893 (24,876) 254;01:$: 261,535 1994 YEAR XXX TAXES 1,065,538 1,065,538 (33,456) 10:32Q$2` 1,162 795 PENALTY AND INTEREST 182,368 13,464 195,833 (14,747) 227,987 PRIOR TAXES 910,583 910,583 (126,836) <'? 783'.... 640,452 PENALTY AND INTEREST 273,179 11,816 284,995 (18,320) 2F;fi 675:: 233,212 TOTAL 5.6g. 878 104 618 15 978 961 21 783 456 10 641 261 1<1 142..195> 10 868 304 TOTAL TAXES LEVIED INCLUDING REGION AND SCHOOL BOARDS) ) 58'229,1:0 56,783,044 PERCENT OF CURRENT TAXES OUTSTANDING 10.$$:l/o:: 10.68% *** Includes refunds,write—offs, 496's,etc. NOT_ E 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) cc H td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF SEPTEMBER, 1996 Payment Received - Taxes 14,449 Tax Certificates 87 Number of Properties eligible for Tax 78 Registration (see Note 1) Accounts Payable Cheques Issued Manuals #47356 to 47371 16 Computer #12226 to 12677 452 Number of Births Registered 17 Number of Deaths Registered 30 Note 1: Only includes those properties whose arrears are greater than $10,000. 804 I INVESTMENTS OUTSTANDING PART"D" AS AT SEPTEMBER 30,1996 77FINANC AL NVESTMENT INTEREST #OF DAYS MATURITY INSTITUTION COST RATE O S DATE CIBIC 999,606.03 4.57% 91 Oct 31/96 RBC 1,970,120.00 4.69% 119 Oct 31/96 TD 1,483,830.00 4.37% 91 Nov 6/96 TD 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 TOTAL GENERAL FUND j : 7g`4pG03: 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 GUNDN 2,210,809.60 8.90% 774 April 11/97 WOOD GUNDN 589,189.19 8,90% 833 June 9/97 i 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 8.5096 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 8.2096 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 6.2096 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 NOv 25/96 WOOD GUNDN 809,999.81 4.34% 289 July 2/97 i RBC 1,332,840.80 4,02% 185 Mar 20/97 BNS 2,000,000.00 4.05% 88 Dec 20/96 TOTAL RESERVE FUND 29'023`58'1:271> TOTAL INVESTMENTS i 805 DN:CASHPTE PART'E' SEPTEMBER 1996 Development Charges S%>?'>? %:7afa1 Lot Levies I Town I Region I C.H.E.C. Halminen Homes 24;$75:00 — 10,262.00 14,616.00 — (1000690 Ontario Inc.) L.30,C.2,Darlington 40M1820 B/P#96.0663-0664 Nu—Build 23;5A2;Oi) — 10,262.00 13,300.00 — (David B.Thomas) L.34,C.2,Darlington 40M1799 B/P#96.0620-0621 Halminen Homes j4 5;1,7 ;;,¢6. — 46,179.00 — — L.33&34,C.2,Darlington 40M1847 Halminen Homes 52,512.00 — — L.29,C.2,Darlington 4OM1755 B/P#96.0633-0638 S.Edwards 5774Cj0 — 5,131.00 1,643.00 — L.9,C,2,Clarke B/P#96.0647 Fridel Ltd. 32;439;110 — 5,131.00 7,308.00 — 40R16332 B/P#96.0662 Kassinger Construction 12;439:00 — 5,131.00 7,308.00 — L.32,C.3,Darlington 4OM1780 B/P#96.0672 Martin Road Holdings 305933gq. — 146,233.50 159,600.00 — L.15,C.1,Darlington 40M1816 B/P#96.0602-0605,0607,0610-0613, B/P#96.0615,0617 B/P#96.0362—0363,0366,0376—0382, B/P#96.0393,0395-0396 K.Mercer 12.00 — L.19,C.S,Darlington B/P#96.0689 i Fridel Ltd. s5t.74!;p4. — 22,974.00 53,200.00 — L.31,C.2,Darlington 40M1835 B/P#96.0648-0655 290572 Ontario Ltd. x.90';68 — 10,582.68 41,216.00 — L.29,C.2,Darlington 40M1839,40M1840 B/P#96.0695-0696,0718-0721 Delta Rae Homes i1384$DD — — 43,848.00 — L.15,C.1,Bowmanville 40M1816 B/P#96.0704-0708 W.Schleiss/R.Holland 1.2;222::73 — 5,131.00 7,091.73 — L.34,C.3,Darlington 40M1854 B/P#96.0593 ITOTAILS c:BB 671:;91: 0.00 319 529.18 349 142.73 0.00 i i 806 DN:CASHPTE PART 'E' SEPTEMBER 1996 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND 0.00 Total Cash—in—Lieu of Parkland 0.00 F TRIBUTIONS — ENGINEERING AND INSPECTION FEES corp Investments 7,818.39 ice Glen, Phase 2 Total Engineering and Inspection Fees Contributions 7,818.39 CONTRIBUTIONS — ROADS 0.00 Total Roads Contributions 0.00 I i i 807 i