HomeMy WebLinkAboutTR-80-96 s
THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
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REPORT
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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
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Recommendations:
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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
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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
.................................
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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
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NOTE A: Difference in comparison between years due to timing difference in receipt of funds.
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CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Continuity of Taxes Receivable
for the month of August 1996
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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.
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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:
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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
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DN:CASHPTE
PART"E"
AUGUST 1996
CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND
0.00
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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
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