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Home My WebLink AboutTR-70-96 THE CORPORATION Or THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File# ICS �'y P Date: September 9 1996 Res. #G - Re ort#: T�a9 X6 File#: By-Law# � Subject: CASH ACTIVITY REPORT - JUNE 1996 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-70-96 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 June 30, 1996, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of June, 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 June 30, 1996 and the comparative information for the month ended June 30, 1995. i R submitted, Reviewed by, i e A. Marano, H.BSe.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. I MM/NT/hjl Attachments I P pCYCLEO ECY APER 11 CVCLE ,!Y THIS IS PRIMED CJJ RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of June 1996 JUN:Im JUNE 1996; 1995 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED MUNICIPAL SUPPORT GRANT 1347.!0.1.1;: 15,328,644 a5z,302 GRANTS—IN—LIEU: GOV'T OF CANADA GIL MUICIPAL TAX ASSISTANCE GRANT—IN—LIEU ONTARIO HYDRO GIL BELL TELEPHONE GIL '2084771 ONTARIO HYDRO PROCEEDS 200,000 SUBSIDIES: MINISTRY OF TRANSPORTATION 17 n3 SALE OF LAND <'414273> DEVELOPMENT CHARGES—TOWN T7$92' 169,505 COIW INFRASTRUCTURE GRANT GENERAL . 347 423,591 INTEREST 230;434: 265,308 DEVELOPMENT CHARGES—REGION/PUC 221,413 13,492;067 16,608,461 USE OF FUNDS: PAYROLL 700 075 750,528 DEBENTURE CHARGES 44:;224: 46,574 REGION LEVY SCHOOL BOARD LEVIES 7,53376> 8,645,182 GENERAL—INCLUDING CAPITAL EXP. 1,658;398; 1,350,231 9;906;0.73: 10,792,515 NET CASH PROVIDED (USED) 3,555;9.9.4: 5,815,946 BANK NET CASH N....,; BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: MAY 31/1996 (USED) UN E:00/4:906 JUNE 30/1995 GENERAL FUND 2,055,682 5,053 477 7,109,159 403,707 RESERVE FUND 853,177 2,235,016 5,08.$,193: 56,014 MUNICIPAL POOLED INVESTMENTS + RBC 103,030 (82,190) 2:i7,$4�l 300,060 SCOTIACONNECT INVESTMENT ACCOUNT 0 0 3,020,000 INVESTMENTS (GENERAL+ RESERVE FUND) 37,958,760 (3,650,309). ;;.:34.20.:8,451 43,582,573 TOTALS 40,970,649.. 3 555 994 ;;> :;;44:526>643; 47,362,354 I I NOTE A: Difference in comparison between years due to timing difference in receipt of funds. I 702 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of June 1996 MAY ,1UN JUNE 1996 INTEREST TAXES �PAYMEP TS ADJUST. 1996: 1995 RECEIVABLE ADDED BILLED *** CURRENTYEAR TAXES 3,097,354 15,571,066 18,668,420 (16,348,987 (26,409 2293.024.: 2,167,017 PENALTYAND INTEREST 63,263 40,235 103,497 (26,325) (562 76:;:.6,1:0_: 72,561 1995 YEAR TAXES 2,829,273 2,829,273 304,226 PENALTYAND INTEREST 264,673 36,028 300,701 ( (5'269 ; .2;5:9;7,7$,: 2,577,442 (53,822 343 ::247;222;' 275,871 1994 YEAR TAXES 1,380,124 1,380,124 (203,621 (65 E 376439: 1,446,822 PENALTYAND INTEREST 217,147 17,473 234,620 (52,966) (217) 1:8;1;;437: 278,244 PRIOR TAXES 1,157,146 1,157,146 (144,476 1012, 70 848,772 PENALTYAND INTEREST 354,796 14,935 369,731 (59,201) (22 3!;0; 06 283,735 TOTAL 9,363,776 108,670 15,571,066 25,043,511 17,193,624 32,200 73788 7,950,464 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 58<22902 56,783,044 PERCENT OF CURRENT TAXES OUTSTANDING 3.82% *** 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) ..J O W ro a z H td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF JUNE, 1996 Payment Received - Taxes 23,917 Tax Certificates 90 Number of Properties eligible for Tax 85 Registration (see Note 1) Accounts Payable Cheques Issued Manuals #47319 to 47338 20 Computer #10679 to 11113 435 Number of Births Registered 35 Number of Deaths Registered 35 Note 1: Only includes those properties whose arrears are greater than $10,000. i i 704 INVESTMENTS OUTSTANDING PART"D" AS AT JUNE 30,1996 C S INSTITUTION COST RATE O/S DATE GENERAL FUND BNS 3,000,000 4.79% 97 Sept 30/96 MONTREAL 2,974,410 4.76% 66 Aug 30/96 TOTAL GENERAL FUND ........ 41.0 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 4.75% 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 8.875% 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 GUND 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 8/97 158,000 7.50% 1095 June 8/98 514,000 7.75% 1825 June 8/00 RBC 171,049 7.64% 799 Nov 14/.97 WOOD 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 14/01 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 j CIBC 1,199,833 4.79% 90 Sept 23/96 TOTAL RESERVE FUND 28 334 041::: ITOTAL INVESTMENTS 705 DN:CASHPTE PART'E' JUNE 1996 Development Charges :.._... Total Lot Levies Town Region I C.H.E.C. Wilmot Creek j 230;00 — 1,230.00 — — Lot291,735 B/P#96.0313-0314 Kiddicorp Investments 28;434;31; — 15,134.31 13,300.00 — L.29,C.2,Darlington 40M1755 B/P#96.0241,96.0257-0258 John Hill 1,2939Q0 — 5,131.00 7,308.00 — L.33,C.2,Darlington 40R16351 Andelwood Homes y:Op — 5,131.00 — — L.34,C.2,Darlington B/P#95.0250 1000690 Ontario Ltd. 49;756Q0. — 20,524.00 29,232.00 — L.30,C.2,Darlington 40M1820 B/P#96.0293,96.0308 „_;:' Eiram Developments 74,1.90;p0 — — 74,190.00 — L,10,C.3,Bowmanville 40M1714 Durga Persaud 6 774;0.0; — 5,131.00 1,643.00 — L.15,C.9,Clarke B/P#96.0300 .. Syvan Development i.30680U: — 5,131.00 7,308.00 629.00 (Foster Creek Dev) L.30,C.1,Clarke LD311/91 &312/91 B/P#96.0348 290572 Ontario Ltd. 11;894;25 — 4,586.25 7,308.00 — L.29,C.2,Darlington 40M1815 # B/P#96.0337 E.&M.Knapp 5;1,31:",OQ: — 5,131.00 — — L.24,C.9,Clarke 10R1683 B/P#96.0176 757001 Ontario Ltd. 6;779:.00: — 5,131.00 1,643.00 — L.32,C.3,Darlington 40M1785 B/P#96.0325 J.VanGrootel ...77400. — 5,131.00 1,643.00 — L.22,C.3,Darlington 40R15539 B/P#96.0338 TOTALS 221595:56 0.00 77 391.56 143 575.00 629.00 I 706 DN:CASHPTE PART'E' JUNE 1996 FFCONTRIBUTIONS —CASH—IN—LIEU OF PARKLAND al Home 1,391.96 Place Ltd. 20,417.74 of ille Fire Station sh—in—Lieu of Parkland 21,809.70 I NTRIBUTIONS —ENGINEERING AND INSPECTION FEES icorp Investments 15,936.76 33,C.2,Darlington —89053 Total Engineering and Inspection Fees Contributions 15,936.76 CONTRIBUTIONS —ROADS 0.00 Total Roads Contributions 0.00 707