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Home My WebLink AboutTR-59-96 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File# U2, M o Date: July 2, 1996 Res. #G4 A--l-101-- 1761 Report#:_ TR_r,9_Ah File#: By-Law# Subject: CASH ACTIVITY REPORT - MAY 1996 Recommendations: I It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-59-96 be received; i 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 May 31, 1996, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of May, 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 May 31, 1996 and the comparative information for the month ended May 31, 1995. Respectfully submitted, Reviewed by, 6�iaic A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/hjl Attachments APaPEED REYnf 799005 THOS S PRWTEDC RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of May 1996 MAY: MAY 1X56';:.::;: ... 1995 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 4,16 ,933? 1,456,872 UNCONDITIONAL GRANT 108,317 GRANTS—IN—LIEU: GOV'T OF CANADA G I L MUICIPAL TAX ASSISTANCE GRANT—IN—LIEU 38,758 ONTARIO HYDRO OIL A::036:633 BELL TELEPHONE GIL 203,112 ONTARIO HYDRO PROCEEDS SUBSIDIES: MINISTRY OF TRANSPORTATION 955,300 MUNICIPAL AFFAIRS—WATERFRONT TRAIL 129,969 DEVELOPMENT CHARGES—TOWN 42,921 COIW INFRASTRUCTURE GRANT 17.;965: 24,767 GENERAL 818072: 420,121 INTEREST .7 120,988 DEVELOPMENT CHARGES—REGION/PUC4.�}76.9 41,796 6,477;933 3,542,921 USE OF FUNDS: PAYROLL 996;578.1 1,048,446 DEBENTURE CHARGES 529,311 REGION LEVY SCHOOL BOARD LEVIES GENERAL—INCLUDING CAPITAL EXP. 3,536;916: 2,072,225 8,077;:,465; 3,649,982 NET CASH PROVIDED (USED) 1,400;168: (107,061) BANK NET CASH SN;:::< . BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: APR 30/1996 (USED) VA-Y,31f..1.9.96 MAY 31/1995 GENERAL FUND 4,889,797 ) 2,834,115 055 6.8..2.:: 294,501 ( RESERVE FUND ......624,695 228,482 ::.,.:::: 853,177 1,426,098 MUNICIPAL POOLED INVESTMENTS + RBC 20,219 82,811 1:03x035;: 0 SCOTIACONNECT INVESTMENT ACCOUNT 0 0 0 800,000 INVESTMENTS (GENERAL+ RESERVE FUND) 34,035,470 3,923,290 37,958,760; 39,025,809 TOTALS .39,570,181 1,400,46 . :: 41 546 408 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 799006 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable forth e month of May 1996 APRIL MAY MAY 1996 INTEREST TAXES PAYMENTS ADJUST 1996 1995 RECEIVABLE ADDED BILLED BALANCE *** CURRENTYEAR TAXES 3,742,432 3,742,432 (648,058) 2,980 3,057 354: 2,838,545 PENALTYAND INTEREST 30,878 48,153 79,031 (13,608 (2,160 63263: 59,047 1995 YEAR TAXES 2,965,088 2,965,088 (135,814) (1 PENALTYAND INTEREST 253,849 37,726 291 575 -:..2,$29,2 2,785,531 (26,600) (301) 264:673; 277,714 1994 YEAR TAXES 1,423,519 1,423,519 (43,395) E 3811124 1,542,100 PENALTY AND INTEREST 211,286 18,015 229,301 (12,122 .. ..........— (31 2y ,i47. 284,078 PRIOR TAXES 1,207,099 1,207,099 (49,953) i 157146: 892,298 PENALTYAND INTEREST 363,621 15,559 379,180 (24,377) (8 296,750 TOTAL 10,197,772 119,453 0 10,317,225 953,928 478 9;363;776 8,976,063 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) >'S822$988? 56,782,927 PERCENT OF CURRENT TAXES OUTSTANDING Si32'/a: 5.000/0 *** 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) NOTE 2: Total taxes levied do not include supplementaries taxes as these amounts are as yet unknown O O y td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF MAY, 1996 Payment Received - Taxes 1,363 Tax Certificates 344 Number of Properties eligible for Tax 87 Registration (see Note 1) Accounts Payable Cheques Issued Manuals # 47307 to 47318 12 Computer # 10119 to 10678 560 Number of Births Registered 40 Number of Deaths Registered 45 Note l: Only includes those properties whose arrears are greater than $10,000. This number is significantly reduced in June 1996. i I' i I I 799008 INVESTMENTS OUTSTANDING PART"D" AS AT MAY 31,1996 C S INSTITUTION COST RATE O/S DATE GENERAL FUND FRBC 1,088,439 5.10% 76 June 24/96 2,999,390 4.79% 60 June 28/96 993,520 4.76% 50 June 28/96 2,977,770 4.78% 57 June 28/96 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 1,490,838 6.90% 261 June 1/96 RBC 820,799 7.16% 1358 July 6/99 WOOD GUNDN 2,210,810 8.90% 774 April 11/97 WOOD GUNDN 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 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% 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 2,962,290 5.05% 92 June 25/96 RBC 40,398 7.20% 1,578.00 Aug 8/00 TD 2,500,206 7.12% 342 Aug 1/96 rTOTALESERVE FUND 29$99''&41. TOTAL INVESTMENTS 31958 76 I 799009 ON:!'ASHPTE PART'E' MAY 1996 Develc ment Charges —� Co'tal Lot Levies Townl Reoion C.H E C FSchIIIIngs 8,77400 — 5,131.00 1,643.00 — rkerio Ltd. 8930875 — 11,544.75 77,756.00 — lington 40M1820 B/P#96.0155-0156,#96.0177-0178, B/P#96.0188-190,#96.0099,#96.022 B/P#96.0243-0244 S.Vesey 6;774b0 — 5,131.00 1,643.00 — L.7,C.3,Clarke B/P#96.0133 Fridel Ltd. 1;2;830;00 — 5,131.00 7,308.00 — L.31,C.2,Darlington 40R16501 B/P#96,0196 Fridel Ltd. >"'..6..7..;2..6.0. :00 — 27,350.00 39,900.00 — L.31,C.2,Darlington 40M1835 B/P#96.0222-227 Kiddicorp Investments d9 91,1 i0,8, — 20,179.08 29,232.00 — L.29,C.2,Darlington 40M1755 B/P#96.0131—0132,96.0182-0193 290572 Ontario Ltd. 75 365;.... — 27,517.50 43,848.00 — L.29,C.2,Darlington 40M1815 B/P#96.0213-0216,#96.0248-0249 T.Tester 23;562,0,0,. — 10,262.00 13,300.00 — L.30,C.3,Darlington B/P#95.0761,96.0181 R./A.Barrese 8,774;00 — 5,131.00 1,643.00 — L.12,C.S,Darlington B/P#96.0234 T.Tasevski Ei7;7A00 — 5,131.00 1,643.00 — L.18,C.2,Darlington 40R96515 B/P#96.0184 Delta Rae Homes 21,92400 — — 21,924.00 — L.15,0.1,Bowmanville 40M1816 B/P#96.0231-0233 R.Norlock 5;774;00 — 5,131.00 1,643.00 — L.7,C.3,Clarke B/P#96.0102 Sonbon/Marshall 6774.00. — 5,131.00 1,643.00 — L.22/23,C.S,Clarke B/P#96.0253 Kalee Investments 1;;8:,4,3,:00 — — 1,643.00 — L.19,C.B,Darlington 40M1826 B/P#96.0217 TOTALS 377,.539.33 0.00 132,770.33 244,769.00 0.00 799010 D N:CASHPTE PART "E" MAY 1996 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND i 0.00 Total Cash—in—Lieu of Parkland 0.00 CONTRIBUTIONS — ENGINEERING AND INSPECTION FEES 621182 Ontario Ltd. 9,353.59 Bradshaw Street 'Mearns I' Halloway Holdings Ltd. 64,593.62 Jackman II, Ph I Halloway Holdings Ltd. 11,050.70 Middle Road R.Carruthers/E.Smith 31,369.03 St, Stephen's Secondary School Middle Road Martin Road Holdings 27,839.43 Aspen Springs Ph IV, Stage 11 Total Engineering and Inspection Fees Contributions 144,206.37 I CONTRIBUTIONS — ROADS 0.00 Total Roads Contributions 0.00 I i 799011