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Home My WebLink AboutTR-80-96 s THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON I REPORT I GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File# Date: October 21, 1996 Res. # cf By-Law# Report#: T01-gg_o6 File#: Subject: CASH ACTIVITY REPORT - AUGUST 1996 I Recommendations: i It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-80-96 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 August 31, 1996, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of August, 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 August 31, 1996 and the comparative information for the month ended August 31, 1995. i Respectfully submitted, Reviewed by, Marie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwel , Treasurer. Chief Administrative Officer. MM/LG/hjl Attachments I aa q D AP ER C) I PAP S R PPY.,E iH45 G PR11lIED Q4 RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of AUGUST 1996 AUGUST: AUGUST 1:99.6;; 1995 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED :87$.;059 909,787 UNCONDITIONAL GRANT D: 108,317 MUNICIPAL SUPPORT GRANT 25.7s3p2 0 GRANTS—IN—LIEU: GOV'T OF CANADA GIL MUNICIPAL TAX ASSISTANCE GIL HYDRO GIL 27;Q28 .....................:.......... MEMORIAL HOSPITAL GIL J;0:7.5 9,075 MINISTRY OF HOUSING GIL x:::::,33,x.9:3; 39,463 LCBO GIL )1;;7,41:; 11,603 BELL TELEPHONE GIL 214,429 ONTARIO HYDRO PROCEEDS NATURAL RESOURCES—PITS&QUARRIES 1;1:9;92:2:; 117,383 SUBSIDIES: HANDI—TRANSIT SUBSIDY 29,610 MINISTRY OF TRANSPORTATION 0 DEVELOPMENT CHARGES—TOWN 1;84Q22i 153,307 COIW INFRASTRUCTURE GRANT p GENERAL 605:;0.25; 278,054 INTEREST 51J:5Q6 532,686 DEVELOPMENT CHARGES—REGION/PUC A3.;123 304,837 2 69:9'646 2,708,551 USE OF FUNDS: PAYROLL 68204:0: 745,186 DEBENTURE CHARGES REGION LEVY 2;874;422: 2,752,401 SCHOOL BOARD LEVIES GENERAL—INCLUDING CAPITAL EXP, ::AI:;636;224; 2,670,111 5;1;92;7.5;7; 6,167,698 NET CASH PROVIDED (USED) 2;493;1;:x;0.) (3,459,147) BANK NET CASH N BANK BALANCE PROVIDED BALANCE..;::.::::::: BALANCE ................................. ................................. FINANCIAL POSITION: JULY 31, 1996 (USED) AU.G:<3;1 '6 AUG.31/95 GENERAL FUND 2,736,807 (884,278) i < 1.8a2529, 129,084 RESERVE FUND 3,831,878 85,402 :::::;::.;.3.;9,:1?28.Q: 106,802 MUNICIPAL POOLED INVESTMENTS 20,967 1,428 22,395; 384,344 SCOTIA CONNECT INVESTMENT ACCOUNT 0 0 .:; .::;;::.;:.:::.;:?:.; >:.;;0 1,230,000 INVESTMENTS (GENERAL+ RESERVE FUND) 43,204,961 (1,695,663):;< 4'.1'50.9,298'. 42,606,780 TOTALS 49,794,613 (2,493,11 44,457,010 i NOTE A: Difference in comparison between years due to timing difference in receipt of funds. i 802 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of August 1996 x JULY gUl9ST AUGUST 1996 INTEREST TAXES PAYMENTS 7:996. .... 1995 RECEIVABLE ADDED BILLED BALANCE /ADJUST. *** CURRENT YEAR TAXES 1,359,128 1 359 128 7 ( 01,752) 67376 439,558 PENALTYAND INTEREST 115,521 56,985 172,506 (23,814) 7:4$:692; 138,303 1995 YEAR TAXES 2,341,646 2 341 646 (130,206) 22�'1;;44Q; 2,337,891 PENALTY AND INTEREST 244,112 29,820 273,931 (23,230) .:250;70[;:; 287,536 1994 YEAR TAXES 1,109,611 1 109 611 (44,072) > ;.:'€;065;:538' 1,313,290 PENALTY AND INTEREST 182,379 14,050 196,429 (14,061) 182,36$;; 276,843 �, PRIOR CC' TAXES 848,398 848 398 6 2,185 ';?;930;583:: 747,712 PENALTY AND INTEREST 266,169 11,039 277,208 (4,030) 2734[79_: 276,731 TOTAL 6 466 964 111 894 0 6 578 858 878 980 699 . .878. 5 817 864 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 58; 29;:102' 56,783,044 PERCENT OF CURRENT TAXES OUTSTANDING D is 1:..::1:3:./0:. 0.77% *** 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 AUGUST, 1996 Payment Received - Taxes 2,194 Tax Certificates 186 Number of Properties eligible for Tax 80 Registration (see Note 1) Accounts Payable Cheques Issued Manuals #47347 to 47355 9 Computer #11564 to 12225 662 Number of Births Registered 17 Number of Deaths Registered 22 Note l: Only includes those properties whose arrears are greater than $10,000. i i 804 I INVESTMENTS OUTSTANDING PART"D" AS AT AUGUST 31,1996 DF A CIAL ESTME TEREST #OFDAYS MATURITY INSTrrUTi0N NV COS T IN RATE O S DATE GENERAL FUND BNS 3,000,000 4.79% 97 Sept 30/96 MONTREAL 2,964,990 4.79% 90 Sept 30/96 MONTREAL 1,976,660 4.79% 90 Sept 30/96 RBC 988,830 4.74% 88 Sept 30/96 CIBIC 999,60603 4.57% 91 Oct 31/96 RBC 1,970,120 4.69% 119 Oct 31/96 TD 1,483,830 4.37% 91 Nov 6/96 TOTAL GENERAL FUND i.39bd 036: 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 RBC 1,001,705 6,80% 1828 Mar 15/01 RBC 620,799 7.16% 1358 July 6/99 WOOD GUND 2,210,810 8.90% 774 April 11/97 WOOD GUND 589,189 8.90% 633 June 9/97 RBC 250,000 8.00% 184 Mar 1/00 RBC 168,000 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 GUNDN 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 6/97 158,000 7.50% 1095 June 8/98 514,000 7.75% 1825 June 8/00 RBC 171,049 7.64% 799 Nov 14/97 WOOD GUNDN 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% 1625 Aug 8/00 RBC 500,000 7.80% 1043 July 3/98 RBC 475,000 8.58% 2761 Mar 17/03 RBC 200,486 7.00% 366 Sept 15/96 RBC 999,999.76 6.20% 1,252 July 6/99 RBC 138,709 6.25% 1,637 Aug 1/00 RBC 100,000 7.10% 1,906 May 14/01 RBC 72,000 6.10% 730 June 18/98 RBC 40,398 7.20% 1,578.00 Aug 8/00 RBC 32,800 4.75% 183 Dec 21/96 CIBC 1,199,833 4.79% 90 Sept 23/96 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 TOTAL RESERVE FUND ?28125262`. ITOTAL INVESTMENTS 4.1509;298: 805 i DN:CASHPTE PART'E' AUGUST1996 Development Charges " >«: TntAi Lot Levies Town Region I C.H.E.C. Kiddicorp Investments 12726, — 5,418.86 7,308.00 — (1000690 Ontario Inc.) L.30,C.2,Darlington 40M1761 B P#96.0542 K.Mercer 6,762Q0, — 5,131.00 1,631.00 — L.19,C.5,Darlington B/P#95.0689 Halcorp Holdings Ltd. 3 j 28QjQQ — 131,280.00 — — (Halminen Homes) L.29,C.2,Darlington B/P#96,0627—96.0632, B/P#96.0550-96.0573 290572 Ontario Ltd. 12;439;40 — 5,131,00 7,308.00 — ! L.35,C.3,Darlington 40M 1742 B/P#96.0513 ;$;7 T.Roach .70(2, — 5,131.00 1,643.00 — L.10,C.4,Clarke B/P#96.0328 708545 Ontario Ltd. 3:::6.7.4 — — 674.00 — L.31,C.2,Darlington 40M 1709 B/P#96.0582-96.0583 290572 Ontario Ltd. ;1:3;300;0.0. — 0.00 13,300.00 — L.29,C.2,Darlington 40M1839 B/P#96.0580-96.0581 Andelwood Homes 10,262.00 — — L.34,C.2,Darlington 40M1847 B/P#96.0200,96.0545 Wilmot Creek 1230:.00 — 1,230.00 — — Lots 732,737 B/P#96.0625-0626 Kiddicorp Investments 12,;352:1;7; — 5,044.77 7,308.00 — L29,C.2,Darlington 40M1755 B/P#96.0595 Halminen Homes 1.2.439O0 — 5,131.00 7,308.00 — (1000690 Ontario Inc.) L.30,C.2,Darlington 40M1820 B/P#96.0327 Kalee Investments Ltd. >; 5.:i;3Y00. — 5,131.00 — — L.19,C.B,Darlington B/P#96.0623 S.Penfound ;_ 5,131.00 1,643.00 — L.15,C.6,Darlington B/P#96.0574 TOTALS Q32 144;63 0.00 184 021.63 48,M00 0.00 I i 806 DN:CASHPTE PART"E" AUGUST 1996 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND 0.00 I Total Cash—in—Lieu of Parkland 0.00 CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES 0.00 Total Engineering and Inspection Fees Contributions 0.00 CONTRIBUTIONS — ROADS 0.00 Total Roads Contributions 0.00 I i I i i i 807