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Home My WebLink AboutTR-39-95 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# ' 'V Date: June 5, 1995 Res. # 3 By-Law# Report#: --- 9- File#: Subject: CASH ACTIVITY REPORT - APRIL, 1995 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: j 1. THAT Report TR-39-95 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 April 30, 1995, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of April, 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 April 30, 1995 and the comparative information for the month ended April 30, 1994. Resp fu'ly submitted, Reviewed by, Xl ?/X-- N ge'A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/LS/hjl Attachments 716 ECYCtEO PAPIER PAPER RECYCLE MSG PRIMED U4 RECYCUO PAPER PART "A" CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of April 1995 1995 1994 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 8,704,690 8,694,952 UNCONDITIONAL GRANT 108,317 127,834 GRANTS-IN-LIEU: BELL CANADA GRANT-IN-LIEU PITS & QUARRIES-MNR 91,187 ONTARIO HYDRO PROCEEDS 200,000 1,197,338 SUBSIDIES: HANDI-TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION LOT LEVIES 223,746 13,649 DEVELOPMENT CHARGES-TOWN 161,813 792,187 REGION DEBENTURE RECOVERABLE GENERAL 247,512 543,950 INTEREST 36,929 58,262 DEVELOPMENT CHARGES-REGION/PUC 250,292 846,634 ------------------------ 9,933,298 12,365,992 ------------------------ USE OF FUNDS: PAYROLL 687,515 654,030 DEBENTURE CHARGES REGION LEVY 2,512,317 2,447,558 SCHOOL BOARD LEVIES GENERAL-INCLUDING CAPITAL EXP. 1,236,585 2,095,604 4,436,417 5,197,193 ------------------------ NET CASH PROVIDED (USED) 5,496,882 7,168,800 BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: MAR 31/1995 (USED) APR 30/1995 APR 30/1994 I GENERAL FUND 1,269,918 (858,633) 411,285 510,711 RESERVE FUND 226,365 331,964 558,329 1,162,391 SCOTIACONNECT INVESTMENT ACCOUNT 1,000,000 2,000,000 3,000,000 0 INVESTMENTS (GENERAL + RESERVE FUND) 33,660,305 4,023,550 37,683,855 38,217,613 ------------------------------------------------ 36,156,588 5,496,882 41,653,470 39,890,715 t NOTE A: DIFFERENCE IN COMPARISON BETWEEN YEARS DUE TO TIMING DIFFERENCES IN CASH RECEIPT OR PAYMENT. i 717 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of April 1995 MAR. 31 PENALTIES & TAXES SUBTOTAL TAX TAX APR. 30 ( APR. 30 1995 INTEREST BILLED PAYMENTS ADJUSTMENTS 1995 I 1994 RECEIVABLE ADDED CURRENT YEAR TAXES (1,348,348) 13,218,874 11,870,526 (8,427,237) 373 3,443,661 I 3,345,883 PENALTY AND INTEREST 18,080 19,833 37,913 (91050) (99) 1 28,763 I 29,299 1994 YEAR TAXES 2,981,589 2,981,589 (173,701) (752) 1 2,807,136 3,143,631 PENALTY AND INTEREST 251,810 38,710 290,521 (29,462) (12) 1 261,047 310,500 1993 YEAR TAXES 1,650,652 1,650,652 (71,273) (3) 1 1,579,377 ( 1,426,498 PENALTY AND INTEREST 274,997 20,961 295,958 (18,359) 0 277,599 271,755 PRIOR TAXES 994,021 994,021 (57,201) (972) 1 935,848 654,517 PENALTY AND INTEREST 299,485 12,803 312,288 (17,547) (437) 1 294,304 224,681 - -------------- �) 5,122,285 92,307 13,218,874 18,433,466 (8,803,830) (1,903) 9,627,734 9,406,764 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 56,782,927 54,951,500 PERCENT OF CURRENT TAXES OUTSTANDING 6.06%1 6.09%I *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) �d a z H td PART "D" INVESTMENTS OUTSTANDING AS AT APRIL 30, 1995 AMOUNT INTEREST TERMS DUE DATE RATE GENERAL FUND: --------------- --------------- a) Hong Kong 2,000,000 8.28 101D June 30/95 b) BNS 551,870 7.90 70D June 30/95 c) BNS 2,462,950 7.96 69D June 29/95 d) BNS 985,180 7.96 69D June 29/95 e) BNS 2,000,000 8.00 65D June 30/95 RESERVE FUND: --------------- --------------- a) CIBC 1,899,800 7.28 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 6.78 358D 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 i) RBC 740,000 7.40 474D Feb 7/96 j) TD 2,699,846 6.23 213D June 1/95 k) BNS 3,100,000 6.25 189D May 25/95 1) CIBC 2,999,579 6.70 255D Aug 7/95 m) RBC 25,000 7.38 305D Oct 15/95 n) RBC 24,000 10.25 322D Nov 1/95 o) Montreal 2,016,189 8.43 180D July 31/95 p) Wood Gundy 2,210,810 8.90 774D April 11/97 q) Wood Gundy 589,189 8.90 833D June 9/97 r) RBC 250,000 8.00 184D Sept 1/95 -------------- 37,683,855 I 720 I PART TO APRIL 1995 Development Charges Total Lot Levies Town Region C.H.E.C. Kiddicorp Investments 28,500.00 — 25,380.00 — 3,120.00 L.14, C.1 Bowmanville Plan 40M-1741 B/P#95-0108 to#95-0113 Kiddicorp Investments 39,004.64 — 39,004.64 — — L.29, C.2 Courtice Plan 40M-1754, 40M-1755 B/P#95-0035 to 0036 B/P#95-0041 to 0046 757001 Ontario Ltd. 1,643.00 — — 1,643.00 — L.2 Plan 40M-1785 Res. Devi. Form #15185 B/P#95-0130 757001 Ontario Ltd. 7,429.00 — 7,429.00 — — L.32, C.3 Darlington Plan 40M-1785 290572 Ontario Ltd. 12,267.00 — 4,959.00 7,308.00 — L.31 Plan 40M-1779 Res, Devi. Form #15186 B/P#95-0131 Dan Brett Homes 370.00 — — 370.00 — Res. Devi. Form#15154 B/P#95-0090 290572 Ontario Ltd. 12,267.00 — 4,959.00 7,308.00 — L.27 Plan 40M-1779 Res. Devi. Form #15193 B/P#95-0149 R. Racine 1,643.00 — — 1,643.00 — Res. Devi. Form #15168 B/P#95-0107 Lord Elgin Homes 24,023.82 — 9,507.82 13,300.00 1,216.00 L.12, C.2 Bowmanville Plan 40M-1764 Res. Devi. Form #15180, 15181 B/P#95-0122,0123 Kiddicorp Investments 23,750.00 — 21,150.00 — 2,600.00 L.14, C.1 Bowmanville Plan 40M-1741 B/P#94-1080 to 1084 Don Brett Homes 370.00 — — 370.00 — L.9, C.1 Bowmanville Plam 40M-1770 Res. Devi. Form#15188 B/P#95-0138 Kiddicorp Investments 23,051.16 — 9,751.16 13,300.00 — L.29, C.2 Courtice Plan 40M-1755 Res. Devi. Form #15183,15184 B/P#95-0128,0129 Martin Road Holdings 29,232.00 — — 29,232.00 — L.16, C.1 Bowmanville Plan 40M-1734 Res. Devi. Form #15143-15145 B/P#95-0065 to 0067, 94-0848 721 Develo ment Char es Total Lot Levies Town Region C.H.E.C. Martin Road Holdings 79,800.00 79,800.00 L.15, C.1 Bowmanville Plan 40M-1796 Res. Devl. Form #15155,15166 B/P#95-0093 to 0104 757001 Ontario Ltd. 12,267.00 — 4,959.00 7,308.00 — LID 65/94 Pt.3 Plan 4013-15282 Res. Devl. Form #15190 B/P#95—0144 290572 Ontario Ltd. 83,237.00 — 34,713.00 48,524.00 — L.29, C.2 Courtice Plan 40M-1779 Res. Devl. Form#15194-15198 Res. Devl. Form #21505-21506 B/P#95—0153,0156—0159,0170—0177 921395 Ontario Inc. 33,250.00 — — 33,250.00 — L.14, C.1 Bowmanville Plan 40M-1741 Res. Devl. Form #15070-15074 B/P#94-1080 to 1084 Schickendanz Bros. 223,746.00 223,746.00 — — _ Pt.L.9,10, C.2 Bowmanville Plan 10M-829&1 OM-830 TOTALS 635,850.62 223,746.00 161,812.62 243,356.00 6,936.00 Contributions — Cash—in—Lieu of Parkland Andy Warbutton $ 808.00 Dev 94-049 F. Quantrill 4,500.00 L.28, C.5 Clarke LID 163/92 — LID 164/92 Total $ 5,308.00 Contributions — Engineering and Inspection Fees 290572 Ontario Inc. Courtice Crossings — Phase 3 $ 25,617.88 722