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Home My WebLink AboutTR-71-96 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON i I REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File# Date: September 9, 1996 ( ( _—To- By-Law# �- � . By-Law# Report#: TR 71 96 File#: Subject: CASH ACTIVITY REPORT - JULY 1996 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-71-96 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 July 31, 1996, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of July, 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 July 31, 1996 and the comparative information for the month ended July 31, 1995. i Respe u ly submitted, Reviewed by, rie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/hjl i Attachments i i P 708 APED THIS IS PRUMED W RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of JULY 1996 JULY: JULY 4;95.6: 1995 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 7.073,267: 1,875,301 MUNICIPAL SUPPORT GRANT 2..57;3Q2 GRANTS—IN—LIEU: GOV'T OF CANADA GIL MUICIPAL TAX ASSISTANCE GRANT—IN—LIEU 3540:; MEMORIAL HOSPITAL GIL BELL TELEPHONE GIL .1. ;8,ig ONTARIO HYDRO PROCEEDS 3ra0;000: SUBSIDIES: HAND]—TRANSIT SUBSIDY 17,033: MINISTRY OF TRANSPORTATION 735,300 DEVELOPMENT CHARGES—TOWN 325:;8:1;3:; 127,609 COIW INFRASTRUCTURE GRANT 88,398 GENERAL 655;149 346,100 INTEREST 1'9;398: 112,082 DEVELOPMENT CHARGES—REGION/PUC 3.42;00:3: 142,887 9..292.924: 3,427,677 USE OF FUNDS: PAYROLL 707;94:5 745,438 DEBENTURE CHARGES REGION LEVY SCHOOL BOARD LEVIES 1::F1:8;11;484:: GENERAL—INCLUDING CAPITAL EXP, 35:524 2,128,435 4;024:;9.53.; 2,873,873 NET CASH PROVIDED (USED) 8,287:;970: 553,804 BANK NET CASH N BANK BALANCE PROVIDED ::BAI::ANCE:>:<:>is BALANCE FINANCIAL POSITION: JUNE 30/1996 (USED) Y..3;1.(;1,99.0>: JULY 31/1995 166 .......................>::: GENERAL FUND 7,109,159 (4,372,352)::::;:':;:x;;2;+ 6 807: 233,715 RESERVE FUND 3,088,193 743,685 3,83..:4,8781 466,435 MUNICIPAL POOLED INVESTMENTS 20,840 127 :;.:::.; 2t j;9.57' 382,101 0 SCOTIA CONNECT INVESTMENT ACCOUNT 0 3,420,000 INVESTMENTS (GENERAL+ RESERVE FUND) 34,308,451 8,896,510 ..>. 43,204;961;: 43,413,908 TOTALS 44,526,643 5,267,970 : 49 79.4 441 j NOTE A: Difference in comparison between years due to timing difference in receipt of funds. i I i 709 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable forthe month of July 1996 JUNE JULY 1996 INTEREST TAXES PAYMENTS AD 1995 RECEIVABLE ADDED BILLED BALANCE CURREN TYEAR TAXES 2,293,024 2,293,024 (946,027) 12,131 `:13592$> 1,095,196 PENALTYAND INTEREST 76,610 67,907 144,517 (28,529) (467) ; 155 1i 107,328 1995 YEAR TAXES 2,519,778 2,519,778 (177,917) (21 2,34 ,646:; 2,445,119 PENALTYAND INTEREST 247,222 32,155 279,377 (35,237) (29 24F;112 280,037 1994 YEAR TAXES 1,176,439 1,176,439 (66,828) 09;611: 1,384,896 PENALTYAND INTEREST 181,437 14,926 196,364 (13,985) 'j82�7 278,617 PRIOR TAXES 1,012,670 1,012,670 (164,272 «< 848358' 785,013 PENALTYAND INTEREST 310,508 13,129 323,637 (57,467 256 1:69:: 277,852 TOTAL 7,817,688 128,118 0 7,945,806 1,490,261 11,419 6;466;964:: 6,654,058 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 56,783,044 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) O 9 H td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF JULY, 1996 Payment Received - Taxes 1,679 Tax Certificates 306 Number of Properties eligible for Tax 82 Registration (see Note 1) Accounts Payable Cheques Issued Manuals #47339 to 47346 8 Computer #11114 to 11563 450 Number of Births Registered 35 Number of Deaths Registered 31 Note 1: Only includes those properties whose arrears are greater than $10,000. i I 711 INVESTMENTS OUTSTANDING PART"D" AS AT JULY 31,1996 C S NT 0 DAYS INSTITUTION COST RATE 0/8 GENERALFUND ENS 3,000,000 4.79% 97 m7Sept MONTREAL 2,974,410 4.76% 66 MONTREAL 2,964,990 4.79% 90 MONTREAL 1,976,660 4.79% 90 Sept 30/96 RBC 995,910 4.69% 32 Aug 6/96 RBC 988,830 4.74% 88 Sept 30/96 RBC 1,970,120 4.69% 119 Oct 31/96 TOTAL GENERAL FUND 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 1,582,896 4.76% 83 Aug 26/96 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 168,000 8.75% 730 May 1/97 8.8751/. 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/OO RBC 403,000 7.25% 730 June 8/97 158,000 7.50% 1095 June 8/98 514,000 7.75% 1825 June8/00 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 Aug 8/00 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 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 14101 RBC 72,000 6.10% 730 June 18/98 RBC 40,398 7.20% 1,578.00 Aug 8/00 TD 2,500,206 7.12% 342 Aug 1/96 RBC 32,800 4.75% 183 Dec 21/96 CIBC 1,199,8331 4.79%1 90 Sept 2 96 TOTAL RESERVE FUND 83 D4S TOTAL INVESTMENTS 43204981:: 712 DN:CASHPTE PART'S' JULY 1998 Develo ment Char es __.Total. Lot Levies lownj Region C.H.E.C. Kiddicorp Investments 10,089.54 14,616.00 — L.29,C,2,Darlington 40M 1755 B/P#96.0405-0406 Wilmot Creek 1;x345;0..0 — 1,845.00 — — Lot 378,380,433 BFC,Darlington B/P#96.460,0510,0511 G.Wight .?6;774;0.0.. — 5,131.00 1,643.00 — L.3,C,2,Darlington B/P#96.0411 Lord Elgin Building Corp. 15,681.87 21,924.00 1,887.00 L.12,C.2,Bowmanville 40M1764 B/P#96.0351-0352,0423 Halcorp Holdings Ltd. :`;1;aQ;432U0. — 140,032.00 — — L.29,C 2,Darlington DEV94.058 B/P#96.0462-0479,0516-0529 Kaitlin Group 1935Q800 — — 193,508.00 — L.15,C.1,Darlington 4OM1816 B/P#96.0354-0361,0364,0365, B/P#96.0368-0375,0384—.392,0397, B/P#96.0512 290572 Ontario Ltd. 47577;00 — 18,345.00 29,232.00 — L29,C.2,Darlington 40M1815 B/P#96.0440-0443 Liza Development 63056:00 — 20,524.00 42,532.00 — L.30,C.2,Darlington 40M1820 B/P#96.0106-0107,0430-0431, B/P#96.0433-0434 Halminen Homes 10262;04 — 10,262.00 — — L30,C2,Darlington 40M1820 B/P#96.0106,0430 Penwest Dev.Crop. j 1j000. — — 1,110.00 — L.9,C,1,Bowmanville 4OM1770 B/P#96.0419-0421 290572 Ontario Ltd. 94,718:26. — 14,110.25 20,608.00 — L.29,C2,Darlington 4OM1840 B/P#96.0446-0448 290572 Ontario Ltd. 97 961§0 — 84,661.50 13,300.00 — L29,C.2,Darlington 4OM1839 B/P#96.0444-0445 Kaitlin Group 6;774OCj — 5,131.00 1,643.00 — LA7,C.1,Darlington B/P#96.0418 TOTALS %;f':66T916ri6 0.00 325 813.16 340 116.00 1 887.00 713 OR;CASHPTE PART"E" JULY 1996 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND Kiddicorp Investments Ltd. 32,450.00 L.33&34, C,2, Darlington 18T-89053 Halcorp Holdings Ltd. 52,371.00 L.29, C,2, Darlington DEV94-058 Total Cash—in—Lieu of Parkland 84,821.00 CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES Schickedanz Bros. 29,627.15 West Branch Soper Creek, Bowmanville Storm Water Management Works Total Engineering and Inspection Fees Contributions 29,627.15 CONTRIBUTIONS — ROADS Halcorp Holdings Ltd. 2,581.81 L.29, C.2, Darlington DEV94-058 Total Roads Contributions 2,581.81 i I I 714