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Home My WebLink AboutTR-77-95 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# Date: December 4, 1995 Res. #LCIPYI_111(/11 (r, By-Law# Report#: File #: Subject: CASH ACTIVITY REPORT OCTOBER 1995 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-77-95 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 October 31, 1995, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of October, 1995, 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 October 31, 1995 and the comparative information for the month ended October 31, 1994. Respectfully submitted, Reviewed by, D arie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/hjI Attachments PE 7 01 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of October 1995 OG:T.QBER OCTOBER 1995`. 1994 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 1;624.,Q22: 1,585,133 UNCONDITIONAL GRANT j:08.;319 101,834 GRANTS—IN—LIEU; GOV'T OF CANADA GIL MUICIPAL TAX ASSISTANCE GRANT—IN—LIEU MEMORIAL HOSPITAL GIL BELL TELEPHONE GIL REGION GIL SUBSIDIES: MUN,AFFAIRS—WATERFRONT TRAIL .......... '! ONTARIO HYDRO PROCEEDS 110,000 DEVELOPMENT CHARGES—TOWN—Note A 334,50.3: 51,870 COIW INFRASTRUCTURE GRANT GENERAL 1,263.,294: 613,226 INTEREST ,,, 8.05: 181,274 DEVELOPMENT CHARGES—REGION/PUC 197:095: 165,779 3 657;990..: 2,809,116 USE OF FUNDS: PAYROLL 691,296 711,802 DEBENTURE CHARGES 17:91::4: 244,118 REGION LEVY 2,752 401 2,577,076 SCHOOL BOARD LEVIES GENERAL—INCLUDING CAPITAL EXP. 3,545,688 2,409,658 7.,Q.07298: 5,942,654 NET CASH PROVIDED (USED) 3,349,30$.) (3,133,538) BANK NET CASH :BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: SEPT 30/1995 (USED) OGT 31:/1995 : OCT 31/1994 GENERAL FUND 3,070,916 (2,874 212) 196 704:: 1,106,558 RESERVE FUND 430,143 (36,299).. 3...9.3..,.8.44:: 76,173 MUNICIPAL POOLED INVESTMENTS 386,510 (367,317) 19 193;: 0 SCOTIA CONNECT INVESTMENT ACCOUNT 1,030,000 (600,000):, ..4;3 0 INVESTMENTS (GENERAL+ RESERVE FUND) 43,245,252 528,520 .` 43,7:7.3..,772: 41,996,118 TOTALS 48,162,8211 43,178,849 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 October 1995 SEPTEMBER QOTOBER OCTOBER 1995 INTEREST TAXES PAYMENTS ADJUST. 1995: 1994 RECEIVABLE ADDED BILLED BALANCE *** CURRENT YEAR TAXES 6,062,181 131,512 6,193,693 (1,196,824) (96,221) 4,900,648. 4,923,566 PENALTY AND INTEREST 154,118 75,264 229,382 (40,700) (2,810) 185; 71; 188,694 1994 YEAR TAXES 2,126,024 2,126,024 (146,738) (5,721) ;,;;1,973565; 2,191,842 PENALTY AND INTEREST 261,535 26,782 288,317 (39,501) (1,084) 247731: 309,200 1993 YEAR TAXES 1,162,795 1,162,795 (72,574) (4,121) 1,0*80.1.01::; 927,217 PENALTY AND INTEREST 227,987 14,721 242,708 (31,180) (1,467) 2E0:;061: 187,722 PRIOR TAXES 640,452 640,452 (20,519) (1,327) 618,6OG 477,653 PENALTY AND INTEREST 233,212 8,301 241,513 (16,869) (513) 224x1:32:: 183,672 TOTAL 10,868 304 125,068, 131,512, 11,124,883, (1,564,904) 113 264 9,.446 71.5: 9,389,566 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 56 783 044: 54,951,500 PERCENT OF CURRENT TAXES OUTSTANDING 8,53°/a 8.96% 11 11 *** 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) ro o PART "C" STATISTICAL INFORMATION FOR THE MONTH OF OCTOBER, 1995 I i Payment Received - Taxes 2,107 Tax Certificates 284 Accounts Payable Cheques Issued Manuals # 32293 to 32315 23 Computer # 42759 to 43213 455 Number of Births Registered 30 Number of Deaths Registered 42 i I i i i I i 704 INVESTMENTS OUTSTANDING PART"D" AS AT OCT 31,1995 C EST T ES #OF DAYS MATURITY INSTITUTION COST RATE O/S DATE GENERALFUND MONTREAL 1,988,160 6.21% 35 Nov 6/95 BNS 3,000,000 6.50% 84 Dec 15/95 , BNS 3,000,000 6.40% 81 Dec 15/95 BNS 1,000,000 6.45% 78 Dec 15/95 MONTREAL 993,430 7.10% 34 Nov 29/95 ROYAL 986,190 7.30% 70 Jan 5/96 MONTREAL 1,468,290 6.68% 118 Dec 1/95 TOTAL GENERAL FUND 1.2 936 D70: RESERVE FUND RBC 1,044,032 6.95% 368 Sept 15/96 RBC 1,974,886 7,00% 445 Dec 1/96 BNS 799,755 6.50% 86 Dec 7/95 RBC 1,490,838 6.90% 261 June 1/96 TD 2,399,239 7.53% 446 Jan 8/96 RBC 820,799 7.16% 1358 July 6/99 RBC 24,000 10.25% 322 Nov 1/95 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 216,000 8.50% 365 May 1/96 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 TO 2,952,420 6.61% 89 Dec 20/95 I MONTREAL 492,480 6.48% 86 Dec 20/95 TD 2,500,206 7.12% 342 Au 1 96 TOTAL RESERVE FUND 31.;337:702: TOTAL INVESTMENTS 43'7'73'J'72 i i 795 D N:CAS HPTE PART"E" OCTOBER 1995 Development Charges Lot Levies Town Region C.H.E.C. Martin Road Holdings 5,131.00 20 — 40M1816 608.00 L15, C1, Bowmanville B/P#95.0539 0577-0578 290572 Ontario Ltd. 112,362 80 — 45,862.50 66,500.00 — 40M1815 L29 C2 Darlington B/P#95.0586-0587 0630-0633 #95,0672-0675 Kiddicorp Investments 34;3.981;00: — 30 632.00 3,766.0 40M1741 L14 C1 Bowmanville B/P#95.05970-0603 Marrianna Dev. 16050!00 — 42,852.00 — 3,228.00 40M1691 L8, C1, Bowmanville ... B/P#95.0580—0585 A. Jaworowski fj 774.00 — 5,131.00 1,643.00 — 40R15680 L24, C5, Darlington B/P#95,0292 R. Spratley 5,131.00 1,643.00 — 40R16243/LD354/94 L2,C4, Clarke B/P#95,0658 Windsor Homes 5,131.00 7,308.00 — LD63/94 L35, C2, Darlington B/P#95.0621 Schickedanz Dev. 13,068 00; — 5,131.00 7,308.00 629.00 1 OM800 L10 C1 Bowmanville B/P#95,0668 Lord Elgin Homes 5,419.87 7,308.00 629.00 40 M 1764 L12, C2, Bowmanville B/P#95.0684 Halminen Homes 5 760 00 — 5,131.00 — 629,00 40R15956 LD 140/94 B/P#95.0663 Eiram Dev, 200,16Q 00 — 178,145.00 — 22,015.00 40M1776 L10 C3 Bowmanville 7 .96 p N:CAS HPTE PART"E" OCTOBER 1995 Development Charges To1I Lot Levies Town Re ion C.H.E.C. Eiram Dev. 191.00 7,308.00 23.00 40M1776 L10, C3, Bowmanville B/P#95.0657 Wilmot Creek 61:5.00 — 615,00 — Lot 51, BFC, Darlington B/P#95.0717 921395 Ontario Ltd. 45 550 00 — — 46,550.00 40 M 1741 — L14, C1, Bowmanville B/P#95,0597—0603 TOTALS 53.1 598;37:: 0.00 334 503.37 166,176.0p_ 30 919.00 CONTRIBUTIONS — CASH—IN—LIEU OF PARKLAND H, Chaskavich 650.00 LD240/94 L24, C2, Darlington Total Cash—in—Lieu of Parkland 650.00 I 707