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Home My WebLink AboutTR-62-95 i i THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# Date: September 5, 1995 Res. # C,P n 5C,�s Report#:_TR-C2-Q5 File #: By-Law# Subject: CASH ACTIVITY REPORT - JUNE 1995 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-62-95 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 June 30, 1995, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of June, 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 June 30, 1995 and the comparative information for the month ended June 30, 1994. Resp tfiill submitted, Reviewed by, I f b-, S z= i MAKd,k. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/LS/hjl Attachments I R GYCL D nicv�c iE 720 THI$IS PRINFED M RECYCLED PAPER CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "A" Analysis of Revenue and Expenditures for the Month of June 1995 1994 REVENUE N E RECEIV ED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED ;1`5; 28;644; 14,138,131 UNCONDITIONAL GRANT GRANTS—IN—LIEU: BELL CANADA GRANT—IN—LIEU MUNICIPAL TAX ASSISTANCE 37,441 ONTARIO HYDRO PROCEEDS 200,000; SUBSIDIES: HANDI—TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION LOT LEVIES DEVELOPMENT CHARGES—TOWN 195 5 309 O 0. ,035 REGION N DEBENTURE RECOVERABLE GENERAL 423 5: Iii 500,937 INTEREST <2653;0;8 141,301 DEVELOPMENT CHARGES—REGION/PUC 22i><.4i73 265,893 461::! 15,392,738 USE OF FUNDS: PAYROLL 750,528 1,115,661 DEBENTURE CHARGES 46,5;74' 48,788 REGION LEVY SCHOOL BOARD LEVIES 6,645,.:1.:82:: 7,232,447 GENERAL—INCLUDING CAPITAL EXP. 1.:,,3..50,23;j, 4,489,255 792;,616: 12,886,151 NET CASH PROVIDED (USED) 5 81;5 9.46.1 2.506-587 BANK NET CASH BANK>;;; ;; ;;;; > BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: MAY 31/1995 (USED) J.UfVE;'0:0%19;95` JUNE 30/1994 GENERAL FUND 294,501 109,206 :::::: >> '' 403,707. 1,319,485 RESERVE FUND 1,426,098 (1,370,085) x:6,(314; 133,087 MUNICIPAL POOLED FUNDS 0 300,060 30,0,060: 0 SCOTIACONNECT INVESTMENT ACCOUNT 800,000 2,220,000 3,020,000 0 INVESTMENTS (GENERAL + RESERVE FUND) 39,025,809 4,556,765 :.: ,�$ ,:�70: 43,977,469 TOTALS 41,546,407 5,815,946 ::: 815 946 47`3.62%3.54' 45-420.041 NOTE A: DIFFERENCE IN COMPARISON BETWEEN YEARS DUE TO TIMING DIFFERENCES IN CASH RECEIPT OR PAYMENT. I I I 721 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of June 1995 MAY 31 PENALTIES& TAXES SUBTOTAL TAX TAX JUNE 30 JUNE 30 1995 INTEREST BILLED PAYMENTS ADJUSTMENTS 1995 1994 RECEIVABLE ADDED CURRENT YEAR TAXES 2,838,546 15,069,908 17,908,454 (15,727,823) (13,613) 2,167,017 ( 2,203,087 PENALTYAND INTEREST 59,047 36,618 95,665 (22,996) (109) 72,561 67,454 1994 YEAR TAXES 2,785,531 2,785,531 (207,878) (211) 2,577,442 2,665,871 PENALTY AND INTEREST 277,714 35,135 312,849 (36,751) (228) 275,871 ( 293,884 1993 YEAR TAXES 1,542,100 1,542,100 (95,234) (44) 1,446,822 1,234,177 PENALTY AND INTEREST 284,078 19,526 303,604 (24,912) (449) 278,244 223,126 PRIOR TAXES 892,298 892,298 (43,511) (15) 848,772 555,543 PENALTY AND INTEREST 296,750 11,453 308,203 (23,495) (973) 283,735 192,142 --------------------------------------------------------------- ------------ ------------ 8,976,064 102,732 15,069,908 24,148,704 (16,182,599) (15,643) 7,950,463 7,435,284 TOTAL TAXES LEVIED(INCLUDING REGION AND SCHOOL BOARDS) 56,783,044 54,951,500 PERCENT OF CURRENT TAXES OUTSTANDING 3.82% ( 4.01% *Includes refunds,write—offs,496s,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) N N b �-3 LZ7 PART "C" STATISTICAL INFORMATION FOR THE MONTH OF JUNE, 1995 Payment Received - Taxes 18,461 Tax Certificates 518 Accounts Payable Cheques Issued Manuals # 32191 to 32221 31 Computer # 40645 to 41214 570 Number of Births Registered 36 Number of Deaths Registered 48 I i 23 PART "D" INVESTMENTS OUTSTANDING AS AT JUNE 30,1995 FINANCIAL INVESTMENT INTEREST #OF DAYS MATURITY INSTITUTION COST RATE O S I 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 TD 1,966,340 6.79% 92 Sept 29/95 ITOTAL GENERAL FUND € .0,al RESERVE FUND CIBC 1,899,800 7.28% 401 Sept 15/95 CIBC 399,442 7.30% 395 Sept 15/95 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 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 MONTREAL 786,880 6.76% 90 Sept 21/95 MONTREAL 2,016,1891 8.430% 180 Jul 31/95 TOTAL RESERVE FUND 3Qs265994 j ITOTAL INVESTMENTS 43 5$2$74 i I 724 PART 'E' JUNE 1995 Development Char es Total Lot Levies Town Re ion C.H.E.C. Kiddicorp — Sagewood 34,398.00 — 30,632.00 — 3,766.00 L.14, C.1 Bowmanville Plan 40M-1741 B/P#95-0223 to —0229 Kiddicorp Investments 23,389.54 — 10,089.54 13,300.00 — L.29, C.2 Courtice Plan 40M-1755 Res, Devi. Form# 15125,15126 B/P#95-0039,0040 Lloyd George 6,774.00 — 5,131.00 1,643.00 — L.9, C.3 Clarke Res. Devi. Form #21537 B/P#95—0245 Lord Elgin Homes 73,924.92 — 30,250.92 39,900.00 3,774.00 L.12, C.2 Bowmanville Plan #40M-1764 Res. Devi. Form #15199,21501 Res. Devi. Form #21556-21559 B/P#95-0164,0165,0277 to 0280 Kathy Maclnis 1,643.00 — — 1,643.00 — L.21, C.3 Darlington Res, Devi. Form #21528 B/P#95-0231 921395 Ontario Inc. 46,550.00 — — 46,550.00 — L.14, C.1 Bowmanville Plan 40M1741 Res. Devi. Form#21 521-21 527 B/P#95-0223 to 0229 Kiddicorp Investments 23,389.54 — 10,089.54 13,300.00 — L.29, C.2 Courtice Plan 40M-1755 Res, Devi. Form #15123,15124 B/P#95—0037,0038 757001 Ontario Ltd. 6,774.00 — 5,131.00 1,643.00 — L.32, C.3 Darlington Plan 40M-1765 Res. Devi. Form #21550 B/P#95-0270 Wilmot Creek—Ridge Pine Park 615.00 — 615.00 — — L.244 B/P#95-0318 290592 Ontario Ltd. 47,124.00 — 20,524.00 26,600.00 — L.29, C.2 Courtice Plan 40M-1779 Res. Devi. Form #21562-21565 B/P#95-0285 to 0288 D'Angelo Brothers 39,900.00 — — 39,900.00 — L.14, C.1 Bowmanville Plan 40M-1741 Res. Devi. Form #15169-15174 B/P#95-0108 to 0113 290572 Ontario Ltd. 36,001.00 — 15,393.00 20,608.00 — Plan 40M-1779 Res.Devl. Form #21568-21570 B/P#95-0295 to 0297 725 Kiddicorp Investments 29 484.00 — 26,256.00 3,228.00 L.14, C.1 Bowmanville Plan 40M-1741 B/P#95-0256 to 0261 Graphic Lettering Service 6,774.00 — 5,131.00 1,643.00 L.5, C.1 Bowmanville Res. Devi. Form #21551 B/P#95-0271 D. Veenstra 7,403.00 — 5,131.00 1,64 629.00 Cove Road Res, Devi. Form #21549 B/P#95-0266 Richard Osborne 6,774.00 — 5,131.00 1,643.00 B/P#95-0312 TOTALS 390,918.00 0.00 169,505.00 210,016.00 11,397.00 Contributions — Cash—in—Lieu of Parkland L& L Tool Inc. $ 140.00 Pt. L. 10, BFC Bowmanville Dev 95-031 SonBon Homes Ltd, 1,500.00 L/D 354/94 and 355/94 Clarke Total $ 1,640.00 i I i i I 7Z6 L