HomeMy WebLinkAboutTR-54-95 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meeting: ENERAL PURPOSE AND ADMINISTRATION COMMITTEE
9� File# �� ►1�� . t°�j
Date: July 10, 1995 Res. #
By-Law#
Report#:__.TR-54 95 File#:
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Subject:
CASH ACTIVITY REPORT - MAY, 1995
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Recommendations:
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It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-54-95 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 May 31, 1995, is
as shown on the attached schedule; and
3. THAT Part "A" of the expenditures for the month of May, 1995, be confirmed.
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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 May 31, 1995 and the comparative information for the month ended
May 31, 1994.
Respect f submitted, Reviewed by,
{
a A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
MM/NT/LS/hjl
Attachments
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RECYCLED EA .
v FPE q C'ED
TLiGNPRRLTEDC RECYCLED PAPER
CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "A"
Analysis of Revenue and Expenditures
for the Month of May 1995
1995 1994
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED 1,456,872 1,552,616
UNCONDITIONAL GRANT 108,317 101,801
GRANTS-IN-LIEU:
BELL CANADA GRANT-IN-LIEU 203,112 217,524
MUNICIPAL TAX ASSISTANCE 38,758
COIW INFRASTRUCTURE GRANT 24,767
SUBSIDIES:
HANDI-TRANSIT SUBSIDY
MINISTRY OF TRANSPORTATION 955,300 729,100
LOT LEVIES
DEVELOPMENT CHARGES-TOWN 42,921 217,730
REGION DEBENTURE RECOVERABLE
GENERAL 420,121 740,879
INTEREST 120,988 147,671
MUN.AFFAIRS-WATERFRONT TRAIL 129,969
DEVELOPMENT CHARGES-REGION/PUC 41,796 299,365
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3,542,921 4,006,686
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USE OF FUNDS:
PAYROLL 1,048,446 667,551
DEBENTURE CHARGES 529,311 514,389
REGION LEVY
SCHOOL BOARD LEVIES
GENERAL-INCLUDING CAPITAL FM. 2,072,225 2,267,007
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3,649,982 3,448,946
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NET CASH PROVIDED (USED) (107,061) 557,740
BANK NET CASH BANK BANK
BALANCE PROVIDED BALANCE BALANCE
FINANCIAL POSITION: APR 30/1995 (USED) MAY 31/1995 MAY 31/1994
GENERAL FUND 411,285 (116,784) 294,501 3,268,480
RESERVE FUND 558,329 867,769 1,426,098 178,153
SCOTIACONNECT INVESTMENT ACCOUNT 3,000,000 (2,200,000) 800,000 0
INVESTMENTS (GENERAL + RESERVE FUND) 37,683,855 1,341,954 39,025,809 37,001,822
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41,653,469 (107,061) 41,546,408 40,448,455
NOTE A: DIFFERENCE IN COMPARISON BETWEEN YEARS DUE TO TIMING DIFFERENCES IN CASH RECEIPT OR PAYMENT.
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CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Continuity of Taxes Receivable
for the month of May 1995
APR. 30 PENALTIES & TAXES SUBTOTAL TAX TAX ( MAY 31 I MAY 31
1995 INTEREST BILLED PAYMENTS ADJUSTMENTS I 1995 I 1994
RECEIVABLE ADDED
CURRENT YEAR
TAXES 3,443,661 3,443,661 (617,832) 12,716 2,838,545 2,760,272
PENALTY AND INTEREST 28,763 43,808 72,571 (13,355) (16.9) 1 59,047 58,058
1994 YEAR
TAXES 2,807,136 2,807,136 (110,335) 88,731 2,785,531 ( 2,992,348
PENALTY AND INTEREST 261,047 36,527 297,574 (19,818) (43) 1 277,714 I 318,995
1993 YEAR
TAXES 1,579,377 1,579,377 (42,575) 5,299 ( 1,542,100 1,361,199
PENALTY AND INTEREST 277,599 20,070 297,669 (13,523) (68) 1 284,078 262,714
PRIOR
TAXES 935,848 935,848 (49,783) 6,234 892,298 615,196
PENALTY AND INTEREST 294,304 12,075 306,379 (10,116) 486 296,750 212,236
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-� 9,627,734 112,481 0 9,740,215 (877,337) 113,186 8,976,064 8,581,018
TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 56,782,927 54,951,500
PERCENT OF CURRENT TAXES OUTSTANDING 5.00%1 5.02%1
*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)
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PART "C"
STATISTICAL INFORMATION
FOR THE MONTH OF MAY, 1995
Payment Received - Taxes 1,410
Tax Certificates 395
Accounts Payable Cheques Issued
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Manuals . # 32165 to 32166 2
Computer # 40163 to 40559 397
Number of Births Registered 36
Number of Deaths Registered 30
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717
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PART "D"
INVESTMENTS OUTSTANDING
AS AT MAY 31, 1995
AMOUNT INTEREST TERMS DUE DATE
RATE
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GENERAL FUND:
a) Hong Kong 2,000,000 8.28 101D June 30/95
b) DNS 551,870 7.90 70D June 30/95
e) DNS 2,462,950 7.96 69D June 29/95
d) DNS 905,180 7.96 69D June 29/95
e) DNS 2,000,000 8.00 65D June 30/95
f) DNS 1,985,660 7.53 35D June 15/95
RESERVE FUND:
a) CIBC 1,899,800 7.20 401D Sept 15/95
b) CIBC 399,442 7.30 395D Sept 15/95
c) Royal 2,535,219 6.59 360D Aug 24/95
d) TD 375,060 6.76 350D Aug 24/95
e) TD 2,340,650 7.08 351D Aug 24/95
f) Royal 1,878,460 6.69 353D Sept 7/95
g) Montreal 3,201,372 6.70 338D Sept 8/95
h) TD 2,399,239 7.53 446D Jan 8/96
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i) RDC 740,000 7.40 474D Feb 7/96
J) TD 2,699,846 6.23 213D June 1/95
k) CIBC 2,999,579 6.70 255D Aug 7/95
1) RDC 25,000 7.38 J05D Oct 15/95
M) RDC 24,000 10.25 322D Nov 1/95
n) Montreal 2,016,189 8.43 180D July 31/95
o) Wood Gundy 2,210,810 8.90 774D April 11/97
p) Wood Gundy 589,189 8.90 833D June 9/97
4) RBC 250,000 8.00 184D Sept 1/95
r) RBC 215,859 8.50 365D May 1/96
0.75 730D May 1/97
8.075 1095D May 1/98
9.00 1460D May 1/99
e) RBC 999,999 7.70 1718D Feb 6/00
t) RBC 295,000 8.50 9Y May 26/04
U) RBC 601,120 7.95 1366D Feb 20/99
V) Wood Gundy 344,316 7.90 1135D July 13/96
39,025,809
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PART 'E'
MAY 1995
Develo ment Charges
Total Lot Levies Town Region C.H.E.C.
290572 Ontario Ltd. 24,878.00 — 10,262.00 14,616.00 —
L.29, C.2 Courtice
Plan 40M-1779
Res. Devi. Form#21 51 1-21 51 2
B/P#95-0189,0190
736462 Ontario Ltd, 24,820.00 — 11,520.00 13,300.00 —
Pt. L.1 &30 Block 6
B/P#94-0791
Andelwood Homes 12,439.00 — 5,131.00 7,308.00 —
B/P#95-0062
R. Smit 1,643.00 — — 1,643.00 —
Res. Devi. Form #21502
Wilmot Creek 615.00 — 615.00 — —
Lot 758 — 8 Steelhead Lane
B/P#95-0214
Steve Devecseri 6,774.00 — 5,131.00 1,643.00 —
L.26, C.2 Hancock Rd.
B/P#95-0200
R, Rutsma 6,774.00 — 5,131.00 1,643.00 —
L.12, C.4 Darlington
Res. Devi. Form #21510
B/P#95—0186
D. Thomas 6,774.00 — 5,131.00 1,643.00 —
L.31, C.3 Darlington
Res. Devi. Form #21520
B/P#95-0221
TOTALS 84,717.00 0.00 42,921.00 41,796.00 0.00
Contributions — Cash—in—Lieu of Parkland
Kalee Inv. Ltd. $ 10,000.00
Pt. L.19, C.8 Darlington
Plan 18T-89030
Fridel Ltd. 1,497.00
L/D 61/95
Foxhunt Trail
Total $ 11,497.00
Contributions — Roads
Fridel Ltd.
L/D 61/95
Foxhunt Trail $ 675.63
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