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Home My WebLink AboutTR-69-95 r' THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# > Iry n 1� � Date: October 2, 1995 Res. # ._ t" By-Law# Report#: Ty) 4y_nr_ File#: Subject: CASH ACTIVITY REPORT - AUGUST 1995 I i Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-69-95 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 to Committee that the cash position of the Municipality of Clarington for the month ended August 31, 1995, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of August, 1995, be confirmed. BACKGROUND AND COMMENT: The attached schedules indicate the Corporation of the Municipality of Clarington's cash transactions, the cash investment position, lot levy information and statistical information for the month ended August 31, 1995 and the comparative information for the month ended August 31, 1994. Respectfully submitted, Reviewed by, Ir"41111///,/ rte dd�ie A. arano, .BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. I MM/NT/LS/hjl Attachments RPAPELEI 7 O CY t 1 MGM PRIMEDC RECYCLEDPAPER PART "A" CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of August 1995 I 1994 i REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED € 09`7:8:7 1,243,466 UNCONDITIONAL GRANT 1Cl8:31;7 101,801 GRANTS—IN—LIEU: ! MINISTRY OF HOUSING GRANT—IN—LIEU 39 ,444 MEMORIAL HOSPITAL GIL 9,000 BELL CANADA GIL LCBO GIL .................... RESOURCES—PITS&QUARRIES 1173F2 SUBSIDIES: HANDI—TRANSIT SUBSIDY 29:j'f10 9 727 .::::::::::: MINISTRY OF TRANSPORTATION LOT LEVIES DEVELOPMENT CHARGES—TOWN 153 ?7 737,957 REGION DEBENTURE RECOVERABLE GENERAL 461,986 INTEREST 02G$F 336,764 DEVELOPMENT CHARGES—REGION/PUC >3J4837 599,178 27Q8 5a : 3,539,323 USE OF FUNDS: PAYROLL 74;5;1;'.8.x:: 720,306 DEBENTURE CHARGES 1,311 REGION LEVY 2`752`!4;.8f 2,577,076 SCHOOL BOARD LEVIES GENERAL—INCLUDING CAPITAL EXP. '8:7i1'j;!j 1 867193 ...........i.................. i ; ;7„6.9.x; 5,165,886 NET CASH PROVIDED (USED) 3;4:594^48 1 626,563)1 I BANK NET CASH BANK!<>:>»':> BANK ................................... .................................... ................................... BALANCE PROVIDED ALAN.CE <> BALANCE FINANCIAL POSITION: JULY 31/1995 (USED) AUG31j1:9.95 ; AUG 31/1994 GENERAL FUND 233,715 (104,631): Q8,,4!! 10,627 RESERVE FUND 466,435 (359,633);1 ! !' 1D6802 27,646 j MUNICIPAL POOLED FUNDS 382,101 2,243 :.:;;;::;;:::;;:::;::;;3:84;:.3..44::; 0 SCOTIACONNECT INVESTMENT ACCOUNT 3,420,000 (2,190,000) <>1230pQQ 0 INVESTMENTS (GENERAL + RESERVE FUND) 43,413,908 (807,128);:::::::: 6 $(l' 44,763,340 I TOTALS 47,916,1591 (3 459 148 as44 457Q1>t 44 801 613 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 702 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of August 1995 1995 INTEREST TAXES PAYMENTS ADJUST. 1994 RECEIVABLE ADDED BILLED BALANCE *** CURRENT YEAR TAXES 1,095,196 1,095,196 (626,145) (29,494) 439;55$:: 1,003,475 PENALTYAND INTEREST 107,328 51,016 158,344 (19,372) (668) 13$;303::: 131,558 1994 YEAR TAXES 2,445,119 2,445,119 (103,718) (3,510) 2;337;891::::. 2,430,366 PENALTYAND INTEREST 280,037 30,841 310,878 (22,544) (798) 287;535 302,429 1993 YEAR TAXES 1,384,896 1,384,896 (71,606) (0) t313F29 1,084,566 PENALTYAND INTEREST 278,617 17,552 296,169 19,326 0 276,8.43:' 206,698 PRIOR TAXES 785,013 785,013 (37,296) (6) 74773'2: 527,638 PENALTYAND INTEREST 277,852 10,112 287,964 11,233) (0 27 ?31 185,227 TOTAL 6,654,058 109,521 0 6,763,579 911,239 34,476 %:':;;::5;87:;$64: 5,871,957 TOTALTAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 5fi78344' 54,951,500 PERCENT OF CURRENT TAXES OUTSTANDING `'::0::77% 1.83% *** 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) r� w D W PART "C" STATISTICAL INFORMATION FOR THE MONTH OF AUGUST 1995 Payment Received — Taxes 1,165 Tax Certificates 418 Accounts Payable Cheques Issued: Manuals #32237 to #32261 25 Computer#41733 to #42310 578 Number of Births Registered 29 Number of Deaths Registered 30 74 INVESTMENTS OUTSTANDING PART "D" AS AT AUG 31,1995 FINANCIAL INVESTMENT NTEREST -*0FD—A—YS-F MATURITY INSTITUTION COST RATE O S I DATE GENERAL FUND MONTREAL 2,950,800 6.76% 90 Sept 21/95 MONTREAL 2,949,990 6.80% 91 Sept 28/95 ROYAL 2,949,450 6,80% 92 Sept 29/95 TD 1,966,340 6.79% 92 Sept 29/95 MONTREAL 1,468,290 6.68% 118 Dec 1/95 TOTAL GENERAL FUND 12 284>i3:7tf RESERVE FUND CIBC 1,899,800 7.28% 401 Sept 15/95 CIBC 399,442 7.30% 395 Sept 15/95 ROYAL 1,878,460 6.69% 353 Sept 7/95 MONTREAL 3,201,372 6.70% 338 Sept 8/95 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 GUNDY 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 Sept 1/95 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 GUNDY 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 MONTREAL 786,880 6.76% 90 Sept 21/95 WOOD GUNDY 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 TD 2,500,206 7.12% 342 Aug 1/96 ITOTALRESERVEFUND 3:02 '910 ITOTAL INVESTMENTS <:::92'606 780< 705 PART "E" AUGUST 1995 Development me�n �C. �E.aMTown Re .....757001 Ontario Ltd. » 677 <OQ — 5,131.00 1,643.00 — L.32, C.3 Darlington Plan 40M- 1785 Res, Devi. Form #21614 B/P#95-0386 R. Greenwood 6`!774?.Q.0. — 5 131.00 1,643.00 — ; , L.16, C.6 Henry Rd. LD2 6 1 85 Res. Devi. Form #21640 4 B/P#95-0442 290572 Ontario Ltd. 780.0t40' — — 79 800.00 — L.29, C.2 Courtice ' Plan n 4 M—1815 Res. Devi. For — Form #21641 21652 B/P#95— 0 446 / # 5 to 0456 0458 , . L15n Group 114,438.05 -146,300.00 — L.15, C.1 Bowmanville ' Plan 40M-1796 Res. Devi. For — Form #21617 21638 B/P#95—039 7 to 0436 290572 Ontario Ltd. 18,345.00 26,60 — L.29, C.2 Courtice ' Plan 40M-1815 M 1815 Res. De — vl. Form #21658 2166 1 B P#95-0475 to 0478 7 290572 Ontario Ltd. 12`4:39 0:0 — 5,13 7,308.00 — L.29, C.2 Courtice Plan 40 M— 1779 Res. Devi. Form #21674 B P#95-050 4 The New Building Place74:Qgl — 5,131.00 1 — ,643.00 L.22, C.3 Courtice Res, Devi. Form #21675 � Plan 40R-155 39 B P#95 0 508 Ka't _ ilinGo Group ;.;..;:1 3,300.,0Q 13,300.00 — L.15, C.1 Bowmanville i Plan 40M-1 796 Res — . Devi. Form #21664 21665 I B P#95-0 494 to 0495 Martin Road Holdings . ...... 0; — — 26,600.00 — L.15, C.1 Bowmanville i Plan n 4 M—1796 Res. Devi. Form #21662-21663 Res. Devi. Form #21666-21667 B P#95 0 492 to 93 / 4 0496 to 0497 TOTALS 5.$''1.::44;0'5:; 0.00 153 307.05 304 837.00 0.00 7 X16 Contributions — Cash—in—Lieu of Parkland Canada Trust Pt. L. 10, C.1, Bowmanville Dev 95-029 7,400.00 Fridel Limited Pt. L.35, C.2, Darlington L/D 140/95 to 142/95 3,754.98 Total Cash—in—Lieu of Parkland 11,154.98 Contributions — Engineering and Inspection Fees Martin Road Holdings Aspen Springs Phase IV 26,742.99 Marianna Village River Valley Estates Phase IV Paln 40M-1691 11,822.36 Kiddicorp Investment Ltd. Pt. L.29, C.2, Darlington Fieldstone Phase IV 20,963.80 Total Engineering and Inspection Fees 59,529.15 Contributions — Roads Foster Creek Developments Plan 1OM-825 Reini Court Subdivision 6,117.46 Total Contributions — Roads 6,117.46 I I i I i 707