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Home My WebLink AboutTR-33-95 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: ENERAL PURPOSE AND ADMINISTRATION COMMITTEE g� File# Date: May 1, 1995 Res. # f) Report#:__._�.�_�� File#: By-Law# Subject: CASH ACTIVITY REPORT - MARCH, 1995 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-33-95 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 March 31, 1995, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of March, 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 March 31, 1995 and the comparative information for the month ended March 31, 1994. Respectfully submitted, Reviewed by, '1 .. arie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/LS/hjl Attachments I 728 RECYCLED PAR_ ECYCLE TERS1 PER-RECYCLED PAPER PART "A" CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of March 1995 1995 1994 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 2,429,096 5,304,449 INFRASTRUCTURE GRANT 540,467 GRANTS-IN-LIEU: BELL CANADA GRANT-IN-LIEU 203,112 217,524 STREETSMART LOAN PROCEEDS ONTARIO HYDRO PROCEEDS SUBSIDIES: H AND I-TRANSIT SUBSIDY 12,995 12,587 MINISTRY OF TRANSPORTATION 108,700 715,716 LOT LEVIES 223,746 DEVELOPMENT CHARGES-TOWN 352,788 149,159 REGION DEBENTURE RECOVERABLE GENERAL 439,842 908,855 INTEREST 89,564 103,225 DEVELOPMENT CHARGES-REGION/PUC 375,864 169,245 ------------------------ 4,552,427 7,804,506 ------------------------ USE OF FUNDS: PAYROLL 672,627 670,687 DEBENTURE CHARGES 25,078 26,478 REGION LEVY 2,512,317 2,447,558 SCHOOL BOARD LEVIES 8,047,174 7,856,461 GENERAL-INCLUDING CAPITAL EXP. 1,386,944 1,814,201 ------------------------ 12,644,139 12,815,384 ------------------------ NET CASH PROVIDED (USED) (8,091,712) (5,010,879) BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: FEB 28/1995 (USED) MAR 31/1995 MAR 31/1994 GENERAL, FUND 1,230,332 39,586 1,269,918 3,826,266 RESERVE FUND 38,847 187,518 226,365 456,997 SCOTIACONNECT INVESTMENT ACCOUNT 2,850,000 (1,850,000) 1,000,000 0 INVESTMENTS (GENERAL + RESERVE FUND) 40,129,120 (6,468,815) 33,660,305 28,438,652 ------------------------------------------------ 44,248,299 (8,091,712) 36,156,587 32,721,915 NOTE A: DIFFERENCE IN COMPARISON BETWEEN YEARS DUE TO TIMING DIFFERENCES IN CASH RECEIPT OR PAYMENT. - 129 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of March 1995 FEB. 28 PENALTIES & TAXES SUBTOTAL TAX TAX ( MAR. 31 I MAR.31 1995 INTEREST BILLED PAYMENTS ADJUSTMENTS I 1995 1994 RECEIVABLE ADDED CURRENT YEAR TAXES (423,403) (423,403) (928,316) 3,371 (1,348,348) ) (868,796) PENALTY AND INTEREST 240 27,056 27,297 (81850) (367) 1 18,080 19,035 1994 YEAR I 1 TAXES 3,232,889 3,232,889 (250,974) (327) 1 2,981,589 3,456,622 PENALTY AND INTEREST 248,478 41,852 290,330 (38,517) (3) I 251,810 313,186 1993 YEAR I I 1 TAXES 1,719,765 1,719,765 (69,149) 36 I 1,650,652 I 1,495,973 PENALTY AND INTEREST 273,819 21,845 295,664 (20,667) (0) I 274,997 I 277,566 JRIOR ( I TAXES 1,034,928 1,034,928 (40,884) (24) 1 994,021 I 689,106 PENALTY AND INTEREST 297,996 13,314 311,310 (11,825) 0 I 299,485 I 238,820 ----------------------------------------------------------------------------i --------------i -------------- 6,384,712 104,067 0 6,488,779 (1,369,182) 2,687 5,122,285 5,621,512 © I I TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) NOT AVAILABLE ( NOT AVAILABLE PERCENT OF CURRENT TAXES OUTSTANDING N/A I N/A *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) NOTE 2: Current year taxes receivable are in a negative position because of individuals who pay both the Feb. and April installments in Feb. but the April installment has not yet been billed. NOTE 3: Percent of current taxes outstanding cannot be determined until the 1995 budget has been approved (Including Region and School Boards) ro a H td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF MARCH, 1995 Payment Received - Taxes 2,244 Tax Certificates 311 Accounts Payable Cheques Issued Manuals # 32140 to 32158 19 Computer # 39097 to 39713 617 Number of Births Registered 67 Number of Deaths Registered 48 I i I i I i I i i I 731 PART "D" INVESTMENTS OUTSTANDING AS AT MARCH 31, 1995 AMOUNT INTEREST TERMS DUE DATE RATE GENERAL FUND: a) Montreal 988,250 7.75 56D April 24/95 b) BNS 988,200 7.78 56D April 25/95 c) Hong Kong 2,000,000 8.28 101D June 30/95 RESERVE FUND: --------------- a) CIBC 1,899,800 7.28 401D Sept 15/95 b) CIBC 399,442 7.30 395D Sept 15195 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 1195 -------------- 33,660,305 732 PART "E" MARCH 1995 Development Charges Total Lot Levies Town Region C.H.E.C. 290572 Ontario Ltd. 81,921.00 --- 34,713.00 47,208.00 - -- L.29, C.2 40M1779 Courtice B/P#95-0025-95-0031 621182 Ontario Ltd. 172,577.00 --- 153,729.00 --- 18,848.00 L.9, C.2 40M1688 Bowmanville 757001 Ontario Ltd. 1,643.00 --- --- 1,643.00 - L.32, C.3 40M1785 Darlington B/P#95-0059 Kiddicorp Investments 26,600.00 --- --- 26,600.00 L.29, C.2 40M1754 Courtice B/P#95-0035,0036,0043 and 0044 Don Brett Homes 370.00 --- --- 370.00 L.9, C.1 40M1770 Bowmanville B/P#94-1132 The Participation 259,350.00 --- --- 259,350.00 --- House Project Res Devl. Form #8723 B/P#94-0821-0826 The Participation 184,548.00 --- 164,346.00 --- 20,202.00 House Project Re: Dev 88-42 Pt.L.8, C.2 Bowmanville 757001 Ont. Ltd. 1,643.00 --- --- 1,643.00 --- L.32, C.3 Darlington Res Devl. Form #15775 B/P#95-0115 TOTALS 728,652.00 0.00 1 352,788.00 336,814.00 39,050.00 0733 Contributions - Cash-in-Lieu of Parkland Henry & Annabel Sissons $1,900.00 Pt. L. 29, C. 4 Clarke LD039/94 Jim Marshall 490.00 Pt. L. 30, C.1 Clarke Pt-1 1OR2937 George Lloyd 750.00 Pt.L.9, C.3 Clarke Participation House Project 5,000.00 Pt.L.8, C.2 Bowmanville DEV 88-42 TOTAL $8,140.00 Contributions - Engineering and Inspection Fees Regional Municipality of Durham $5,086.64 Re: Local Storm Sewer Fees X34 i