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Home My WebLink AboutTR-74-95 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON id�£iXr3FXrX-�I�XX �I REPORT i GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File# Date: November 6, 1995 Res. # � -(�O:S_q s By-Law# Report#: TR 7q, qs File#: Subject: CASH ACTIVITY REPORT - SEPTEMBER 1995 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-74-95 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 September 30, 1995, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of September, 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 September 30, 1995 and the comparative information for the month ended September 30, 1994. Respectf I1 submitted, Reviewed by, At rie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/hjl Attachments i 701 RECYCLED PAPIEF P . RECYCLE THIS IS PRIMED a!RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"A" Analysis of Revenue and Expenditures for the Month of September 1995 1.995 1994 ................................. REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 1;0;33 574( 9,479,611 GRANTS—IN—LIEU: ONTARIO HYDRO GIL 2 073 267; 2,059,581 MUICIPAL TAX ASSISTANCE GRANT—IN—LIEU 39,175 MEMORIAL HOSPITAL GIL BELL TELEPHONE GIL 214,429 188,701 REGION GIL 73,749 SUBSIDIES: MUN.AFFAIRS—WATERFRONT TRAIL 129,969 ONTARIO HYDRO PROCEEDS 20000.0 DEVELOPMENT CHARGES—TOWN—Note A 118;,781 116,563 COIW INFRASTRUCTURE GRANT 405:;759:: GENERAL 587,731: 506,126 INTEREST 71:7;;844: 243,361 DEVELOPMENT CHARGES—REGION/PUC 792;72..2; 202,326 1.4,921;;525' 13,039,161 USE OF FUNDS: PAYROLL 724;:657: 719,837 DEBENTURE CHARGES g4r078 REGION LEVY SCHOOL BOARD LEVIES 4.5.1. .5 8,047,174 GENERAL—INCLUDING CAPITAL EXP. 2,08Q 8U 2,761,377 11 215;714.' 11,528,389 NET CASH PROVIDED (USED) 1,510,773 BANK NET CASH BA.::K BANK BALANCE FINANCIAL POSITION: AUG 3, ALANCE g95 PROVIDED BALANCE (USED) DEPT.3Q%1.9.95. SEPT 30/1994 GENERAL FUND 129,084 2,941 832 3,O7b,916 3,353,150 RESERVE FUND 106,802 323,341 114,975 MUNICIPAL POOLED INVESTMENTS 384,344 2,166 38.6,510: 0 SCOTIA CONNECT INVESTMENT ACCOUNT 1,230,000 (200,000) 1,0.3O,.g0.0` 0 INVESTMENTS (GENERAL+ RESERVE FUND) 42,606,780 638,472 43 245,252; 42,844,261 TOTALS 44,457,010 3,705,811 46,312,386 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 702 I CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of September 1995 1995 INTEREST TAXES PAYMENTS ADJUST. 1995 1994 RECEIVABLE ADDED BILLED BALANCE *** CURRENT YEAR TAXES 439,558 15,386,896 15,826,454 9,728,921( ) (35,352) 6 062F78f 5,917,775 PENALTY AND INTEREST 138,303 47,149 185,452 (29,329) (2,006) 154.,:1::7;$:: 154,184 1994 YEAR TAXES 2,337,891 2,337,891 (183,279) (28,588) 2,126KO A 2,284,858 PENALTY AND INTEREST 287,536 29,451 316,987 (50,514) (4,937) X67;535: 304,196 1993 YEAR TAXES 1,313,290 1,313,290 (149,737) (758) 162,79.5.: 982,258 PENALTY AND INTEREST 276,843 16,610 293,453 (65,171) (295) 227:;9$7, 196,223 PRIOR TAXES 747,712 747,712 (107,260) 640;45 : 505,810 PENALTY AND INTEREST 276,731 9,646 286,377 (53,165) 23F212 187,620 TOTAL 5,817,864 102 856 15,386,896, 21,307,616 (10,367,37.91 (71 936 10 868305.: 10 532 924 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 56,783;044. 54,951,500 PERCENT OF CURRENT TAXES OUTSTANDING s1.fl;S8°lo 10.77% *** 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) w� H td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF SEPTEMBER, 1995 Payment Received - Taxes 12,254 Tax Certificates 691 Accounts Payable Cheques Issued Manuals # 32262 to 32292 31 Computer # 42311 to 42758 448 Number of Births Registered 61 Number of Deaths Registered 36 I 704 I INVESTMENTS OUTSTANDING PART"D" AS AT SEPT 30,1995 FINANCIAL NT NTEREST S INSTITUTION COST RATE O S DATE GENERALFUND BNS 2,500,000 6.25% 40 Oct 31/95 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 BNS 995,060 6.25% 29 Oct 27/95 MONTREAL 1,468,290 6.68% 118 Dec 1/95 TOTAL GENERAL FUND 11 9633.50;: 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 740,000 7.40% 474 Feb 7/96 RBC 25,000 7.375% 305 Oct 15/95 RBC 24,000 10.25% 322 Nov 1/95 WOOD GUND 2,210,810 8.90% 774 April 11/97 WOOD GUNDY 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 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 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 TD 2,952,420 6.61% 89 Dec 20/95 MONTREAL 492,480 6.48% 86 Dec 20/95 TD 2,500,206 7.12% 342 Aug 1/96 i ITOTAL RESERVE FUND 3.i 281;'902;: ITOTAL INVESTMENTS ».;.43 245 252> 705 PART"E" SEPTEMBER 1995 Develo ment Charges Total Lot Levies Town Region I C.H.E.C. 12 439,00 — 5,131.00 7,308,00[C. ourtice t.6 40R-16154 Res, Devi. Form #21680 B/P#95-0520 Kiddicorp Inv. 30,268.62 39,900.00 — L.39 L&R, 35 L&R, 18 L&R 40M-1755, 40M-1754 Res. Devi. Form #21668 to 21673 B/P#95-0498 to —0503 290572 Ontario Ltd. 112 45,862.50 66,500,00 — L.29, C.2 Courtice 40M-1815 Res, Devi, Form #21682 to 21691 B/P#95-0524 to —0533 Eiram Development 752.2..QQ'. — 214.00 7,308,00 — L.10, C.3 Bowmanville 40M-1776 Res. Devi, Form #21696 B/P#95-0541 Eiram Development 15,044 OQ — 428.00 14,616.00 — L.10, C.3 Bowmanville 40M-1776 Res. Devi. Form #21678 &21679 B/P#95-0518 to —0519 Wilmot Creek 61$,pQ — 615.00 — — L.576 B/P#95-0574 Kiddicorp Inv. 23 --3$9 54 — 10,089.54 13,300,00 — L.29, C.2 Courtice 40M-1755 Res, Devi. Form #21697&21698 B/P#95-0543 to —0544 Kiddicorp Inv. 7,308 00 — — 7,308.00 — Lot 14 40M-1755 Res. Devi. Form #21699 B/P#95-0545 The Mutual Group (Lord Elgin Homes) 26 136 00: — 10,262.00 14,616,00 1,258.00 L.12, C,2 Bowmanville 40M-1764 Res. Devi. Form #21700 to 21701 B/P#95-0549 to —0550 Kiddicorp Inv. 23 389 54; — 10,089.54 13,300.00 — L.29, C.2 Courtice 40M-1755 Res. Devi. Form #21704 to 21705 B/P#95-0558 to —0559 290572 Ontario Ltd. 12,489 00 — 5,131.00 7,308.00 — L,29, C.2 Courtice i 40M-1779 Res. Devi. Form #21708 B/P#95-0564 Lord Elgin Homes 689 74: — 689.74 — — L.12, C,2 Bowmanville 40M—1764 Res. Devi, Form #21700 B/P#95-0550 TOTALS 3;11: 50294: 0.00 118 780.94 191 464.00 1,258.00 706 Contributions — Cash—in—lieu of Parkland Courtice Corners Ltd. Pt. Lot 28, Con. 2, Darlington 25,500.00 40M—1746 Contributions — Engineering & Inspection Fees Region of Durham Local Storm Sewer Fees 7,850.57 i 707