HomeMy WebLinkAboutTR-63-95 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
�� XX
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
File#
Date: September 5, 1995 Res. # �'a- '5o`3 (),S-
Report
T
#:_ By-Law#
'�ti-o3 n� File#:
Subject: CASH ACTIVITY REPORT - JULY 1995
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-63-95 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 July 31, 1995, is as
shown on the attached schedule; and
3. THAT Part "A" of the expenditures for the month of July, 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 July 31, 1995 and the comparative information for the month ended
July 31, 1994.
Respectf ley submitted, Reviewed by,
I
4e . rano, H.BSc.,A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
I
MM/NT/LS/hjl
Attachments
I
727
RAPEID PR RECYCL E
THIS4 M14EDW RECYCLED PAPER
CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "A"
Analysis of Revenue and Expenditures
for the Month of July 1995
1.J9,5 1994
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED 1,875,3Q1' 2,390,963
COIW GRANT
GRANTS—IN—LIEU:
BELL CANADA GRANT—IN—LIEU 188,701
MUNICIPAL TAX ASSISTANCE
ONTARIO HYDRO PROCEEDS 100,000
SUBSIDIES:
HANDI—TRANSIT SUBSIDY
MINISTRY OF TRANSPORTATION 73:5;:300:
729,100
LOT LEVIES
DEVELOPMENT CHARGES—TOWN 1:27`:OQ9'> 223,515
REGION DEBENTURE RECOVERABLE
GENERAL 34 ,1:Q.0 1,458,450
INTEREST 112 0:8 152,232
DEVELOPMENT CHARGES—REGION/PUC 8:87;: 223,422
5,466,383
USE OF FUNDS:
PAYROLL 74:5,438!; 730,045
DEBENTURE CHARGES
REGION LEVY
SCHOOL BOARD LEVIES 1,005,410
GENERAL—INCLUDING CAPITAL EXP. 2,1. 8;435;: 2,732,793
2,87 ,8?0; 4,468,248
NET CASH PROVIDED (USED) 55..3.:$05;; 998 135
BANK NET CASH BANK: :;;;;;; BANK
BALANCE PROVIDED BALANCE;;:.;::._ BALANCE
FINANCIAL POSITION: JUNE 31/1995 (USED) JULY 31%1995 ; JULY 31/1994
GENERAL FUND 403,707 (1691992) 233 71 763,208
RESERVE FUND 56,014 410,421 ? 4'6.fi '35 99,470
MUNICIPAL POOLED FUNDS 300,060 82,041 382,101; 0
SCOTIACONNECT INVESTMENT ACCOUNT 3,020,000 400,000 3 420 9;0. 0
INVESTMENTS (GENERAL + RESERVE FUND) 43,582,573 (168,665) 43,41>3,9p8; 45,565,499
TOTALS 47,362,354, 553,805
47.19.11.61150] 46,428 177
NOTE A: DIFFERENCE IN COMPARISON BETWEEN YEARS DUE TO TIMING DIFFERENCES IN CASH RECEIPT OR PAYMENT.
I
i
728
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Continuity of Taxes Receivable
for the month of July 1995
1995 INTEREST TAXES PAYMENTS ADJUST. 1995 1994
RECEIVABLE ADDED BILLED BALANCE *_*
CURRENT YEAR
TAXES 2,167,017 0 2,167,017 (1,065,716 (6,104
095J96 1,731,087
PENALTY AND INTEREST 72,561 64,028 0 136,589 28,853 408 X07;328: 108,491
1994 YEAR
TAXES 2,577,442 0 2,577,442 (130,213) (2,110) 2 445 1-19. 2,573,247
PENALTYAND INTEREST 275,871 32,519 0 308,390 27,884 468 280;037 304,296
..........
1993 YEAR
TAXES 1,446,822 0 1,446,822 (62,171 244 1384896 1,157,590
PENALTY AND INTEREST 278,244 18,335 0 296,579 17,946 17 228,6:17 214,443
PRIOR
TAXES 848,772 0 848,772 (63,759 0 785 di 3 561,183
PENALTY AND INTEREST 2831735 10,909 0 294,644 (16,792 0 »;::277;852: 188,108
TOTAL 7,950,464 125,791 0 8,076,255 1,413,334 8,863 6-,654,058:
6,838,445
TOTALTAXES LEVIED(INCLUDING REGION AND SCHOOL BOARDS) '56;783;044: 54,951,500
PERCENT OF CURRENT TAXES OUTSTANDING 1193%: 3.15%
*** Includes refunds,write—offs,496's,etc.
NOTE 1: Tax payments do not tie into Part A due to timing differences since
PartA is on a cash basis(ie.difference due to outstanding deposits)
�O
ro
m
PART "C"
STATISTICAL INFORMATION
FOR THE MONTH OF JULY 1995
Payment Received — Taxes 3,161
Tax Certificates 390
Accounts Payable Cheques Issued:
i
Manuals #32222 to #32236 15
Computer #41215 to #41732 518
Number of Births Registered 45
Number of Deaths Registered 27
I
I
i
I
730
PART "D"
INVESTMENTS OUTSTANDING
AS AT JULY 31,1995
FINANCIAL INVESTMENT INTEREST #OF DAYS MATURITY
INSTITUTION COST RATE O S DATE
GENERAL FUND BNS 2,500,000 7.00% 60 Aug 14/95
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
TO 1,966,340 6.79% 92 Sept 29/95
TOTAL GENERAL FUND 1:3315584:
RESERVE FUND CIBC 1,899,800 7.28% 401 Sept 15/95
CIBC 399,442 7.30% 395 Sept 15/95
i
ROYAL 2,535,219 6.59% 360 Aug 24/95
TD 375,060 6.78% 358 Aug 24/95
TD 2,340,650 7.08% 351 Aug 24/95
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
CIBC 2,999,579 6.70% 255 Aug 7/95
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 GUND 589,189 8.90% 833 June 9/97
RBC 250,000 8.00% 184 Sept 1/95
RBC 215,859 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
i
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 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
TOTAL RESERVE FUND 30 087 328:
TOTAL INVESTMENTS ';;43;4.1390$!
7311
PART "E"
JULY 1995
Development ment Ch
ar es
Levies Town Region C.
H.E.C.
Eiram Dev. Corp, 22'S; 6;Op — 588.00 21,924.00 54.00
L,10, C.3 Bowmanville
Plan 40M-1776
Res. Devi. Form #21581 —21583
B/P #95-0326
/ to 0328
J. lantomasi 8774 O;Q. —
5,131.00 -1,643.00 —
L.11, C.6 Darlington
L/D 95/062
B/P #95-034
/ 4
F. Metallo " ;;8774:00; — 5 _
131.00 1,643.00
L,26, C.2 Darlington
Res, Dev
I. Form #21586
B/P#95-0336
921395 Ontario Inc. 39,900.00
900.00
L,14, C.1 Bowmanville
Plan 40M1741
Res, Devl. Form #21543-21548
B/P#95-0256 to 0
261
Ridge Pine Park Inc.
615.00
L.35, C.1 Wilmot Creek
B/P#95—0387
Veenstra Construction Ltd, —
Q 5,131.00 1,643.00 —
L.18, C.5, Hampton
Res. Devl. Form #21579
B/P#95-0319
Lord Elgin Estatesg; g g ` _ 5,041.82 7,308.00 629.00
L.12, C.2 Bowmanville
Plan 40M-1764
B/P#95—0384
290572 Ontario Ltd. 3'S8�`,p:8' — 10 262.00 13 300
.00 —
L.29, C.2 Courtice
Plan 40M-1779
Res. Devi. Form
rm #21603 21604
03
B P#95-0374
/ 75
290572 Ontario Ltd. 90,578 53,200.00
—
L.29, C.2 Courtice
Plan 40M-1815
Res. Devi. o
F rm #21605-21611
1 11
B/P#95-0376 to 383
P. Garratt 5 131,00 1,643.0
_
L/D 094/92
0
Plan 40R-14713
Res. Devl. Form #21602
B/P#95-0371
TOTALS 27.A 49. ;::3 ? 0.00 127 609.32 142 204.00 683.00
Contributions — Cash—in—Lieu of Parkland
C. Gallant
Pt. L. 31, C,2, Darlington
L/D 111/95 750.00
732