HomeMy WebLinkAboutTR-55-95 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File#
Date: July 10, 1995 Res. # Q2P_ 0 612
Report#:—T_-rR=JT95— File#: By-Law#
Subject: ANNUAL STATEMENT FOR THE THE DEVELOPMENT CHARGES RESERVE FUNDS FOR
THE YEAR ENDED DECEMBER 31, 1994
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee recommend to
Council the following:
1. THAT Report TR-55-95 be received for information.
BACKGROUND & COMMENTS
In accordance with the Development Charges Policy Report dated February 5, 1992, section 2.12.2, the
attached schedules show the annual activity in the development charges reserve funds for the year ended
December 31, 1994.
Respectfully submitted, Reviewed by,
Wrie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
Attachments: Schedule A
Schedule B
MM/NT/RB/hjl
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R D ECYCLE RECYCLE
THIS G PREMEDM RECYCLED PAPER
SCHEDULE "A"
DEVELOPMENT CHARGE RESERVE
FUND STATEMENT
FOR THE 1994 YEAR
Civic Public Comm. Libraries Fire Sub- Newcastle Reserve
Admin. Works Services Prot. Total Hydro Fund
Electric Total
Commission
Balance as of (52,678) (369,194) (901,422
December 31, 1993 ) (66,667) (128,765) (1,518,726) 0 (1,518,726)
Plus:
Contribution from (16,698)
Revenue Fund (16,698) (16,698)
Transfer from Lot Levy
Reserve Fund
Development Charge (133,646) (1,637,714) (1,000,924) (192,686) (142,983
Proceeds ) (3,107,953) (110,119) (3,218,072)
Accrued Interest (8,475) (79,046
Apportionment ) (90,648) (11,721) (10,464) (200,354) (200,354)
SUB-TOTAL (142,121) (1,733,458) (1,091,572) (204,407
(153,447) (3,325,005) (110,119) (3,435,124)
Less:
Amount Transferred to 697,966 206,522 904,488 904,488
Capital Fund *
Amounts Refunded
Transfer to Reserve Fund
Transfer to NHEC 104,311 104,311
SUB-TOTAL 0 697,966 0 0 206,522 904,488 104,311 1,008,799
December 31, 1994 (194,799) (1,404,686) (1,992,994) (271,074
Closing Balance ) (75,690) (3,939,243) (5,808) (3,945,051)
Committed Amounts from 0 46,398 0 0 19,712 66,110 5,808 71,918
Prior Year's Budgets
Balance Available for (194,799) (1,358,288) (1,992,994) (271,074
Future Needs ) (55,978) (3,873,133) 0 (3,873,133)
* See Schedule B
NOTE: Total Development Charges collected on behalf of Region in 1994 $3,212,720
Less: Amounts paid to Region 3,079,750
Total Development Charges due to the Region at December 31, 1994 $ 132,970
SCHEDULE 'B"
CAPITAL FUND TRANSFERS ADDENDUM
1) PUBLIC WORKS DEVELOPMENT CHARGE RESERVE FUND
Capital Project Amount Transferred Intended Application
to Capital Fund
Roads Needs Study 12,959 Roads Need Study
Constr'n Assoc. with Devel. 1,787 Constr'n Assoc. with Devel.
Engineering Design 114,733 Engineering Design
Mearns Avenue 97,464 Road Reconstruction
Prince Street 3,524 Road Reconstruction
Prestonvale Road 271,490 Road Reconstruction
Simpson Avenue 3,676 Road Reconstruction
Boundary Road 1,392 Road Reconstruction
Newtonville Road 5,657 Sidewalks
Liberty Street 62,364 Sidewalks
Orono Estates 914 Sidewalks
King Street/Mearns Avenue 17,893 Traffic Signals
Fleet Additions/Replacements 83,652 Fleet Additions/Replacment
Equipment 14,778 Misc. Small Equipment
Street Lights 5,683 Street Lights
TOTAL: 697,966
2) FIRE PROTECTION DEVELOPMENT CHARGE RESERVE FUND
New Fire Headquarters 45,596 Building Construction
Fleet Additions 129,430 Fire Pumper
Equipment 31,496 Furnishings/Equipment for New
Headquarters
TOTALS 206,522
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