HomeMy WebLinkAboutTR-26-95 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meeting: ENERAL PURPOSE AND ADMINISTRATION COMMITTEE
9' File# _L1O
Date: April 18, 1995 ReS•
Report#:- m��v-95 File#: By-Law#
Subject:
CASH ACTIVITY REPORT - FEBRUARY, 1995
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-26-95 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 February 28, 1995,
is as shown on the attached schedule; and
3. THAT Part "A" of the expenditures for the month of February, 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 February 28, 1995 and the comparative information for the month ended
February 28, 1994.
Respectfully submitted, Reviewed by,
1
Marie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
MM/NT/LS/hjl
Attachments j
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THIS 6 PRIMED EW RECYCEEO PAPER
PART "A"
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
;walysis of Revenue and Expenditures
for the Month of February 1995
1995 1994
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED 13,309,560 9,627,618
UNCONDITIONAL GRANT
GRANTS-IN-LIEU:
ONTARIO HYDRO GRANT-IN-LIEU
STREETSMART LOAN PROCEEDS
ONTARIO HYDRO PROCEEDS 100,000
SUBSIDIES:
HANDI-TRANSIT SUBSIDY
MINISTRY OF TRANSPORTATION
LOT LEVIES
DEVELOPMENT CHARGES-TOWN 4,959 18,221
REGION DEBENTURE RECOVERABLE
GENERAL 383,516 513,091
INTEREST 56,756 107,115
DEVELOPMENT CHARGES-REGION/PUC 33,908 29,498
------------------------
13,788,700 10,395,543
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USE OF FUNDS:
PAYROLL 693,615 665,610
DEBENTURE CHARGES
REGION LEVY
SCHOOL BOARD LEVIES
GENERAL-INCLUDING CAPITAL EXP. 1,399,286 2,050,200
------------------------
2,092,901 2,715,811
------------------------
NET CASH PROVIDED (USED) 11,695,798 7,679,732
------------------------
------------------------
BANK NET CASH BANK BANK
BALANCE PROVIDED BALANCE BALANCE
FINANCIAL POSITION: JAN 31/1995 (USED) FEB 28/1995 FEB 28/1994
GENERAL FUND 378,844 851,488 1,230,332 4,604,680
RESERVE FUND 2,114,905 (2,076,058) 38,847 130,530
SCOTIACONNECT INVESTMENT ACCOUNT 0 2,850,000 2,850,000 0
INVESTMENTS (GENERAL + RESERVE FUND) 30,058,751 10,070,368 40,129,120 32,997,584
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32,552,500 11,695,798 44,248,299 37,732,794
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NOTE A: DIFFERENCE IN COMPARISON BETWEEN YEARS DUE TO TIMING DIFFERENCES IN CASH RECEIPT OR PAYMENT.
702
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Continuity of Taxes Receivable
for the month of February 1995
JAN. 31 PENALTIES & TAXES SUBTOTAL TAX TAX FEB. 28 FEB. 28
1995 INTEREST BILLED PAYMENTS ADJUSTMENTS 1995 1994
RECEIVABLE ADDED
CURRENT YEAR
TAXES (70,220) 13,424,353 13,354,132 (13,812,306) 34,770 (423,403)1 (199,383)
PENALTY AND INTEREST 0 82 82 140 18 240 90 `
1994 YEAR
TAXES 3,689,212 3,669,212 (452,797) (3,526) 3,232,889 3,625,086
PENALTY AND INTEREST 243,892 48,505
292,397 (43,799) (120)1 248,478 289,877
1993 YEAR
TAXES 1,854,610 1,854,610 (134,773) (72)1 1,719,765 1,539,048
PENALTY AND INTEREST 282,854 23,871 306,725 (32,872) (33)1 273,819 273,962
,-PRIOR
TAXES 1,109,103 1,109,103 (74,155) (20)� 1,034,928 711,880
PENALTY AND INTEREST 306,916 14,500 321,416 (23,382) (38)1 297,996 239,363
------------------------------------------- - --
7,416,366 86,958 13,424,353 20,927,677 (14,573,944) 30,979 6,384,712 ( 6,479,923
TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) NOT AVAILABLE NOT AVAILABLE
PERCENT OF CURRENT TAXES OUTSTANDING F-d
N/A N/A ( >
*Includes refunds, write-offs, 496'x, etc. W
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
PART °C"
STATISTICAL INFORMATION
FOR THE MONTH OF FEBRUARY, 1995
Payment Received - Taxes 18,956
Tax Certificates 451
Accounts Payable Cheques Issued
Manuals # 32126 to 32139 14
Computer # 38596 to 39096 501
Number of Births Registered 21
Number of Deaths Registered 41
X04
INVESTMENTS OUTSTANDING PART "D"
AS AT FEBRUARY 28, 1995
AMOUNT INTEREST TERMS DUE DATE
RATE
GENERAL FUND;
a) ENS 984,730 7.35 77D March 31/95
b) ENS 1,485,765 7.77 45D March 31/95
C) ENS 1,983,660 8.13 37D March 31/95
d) Montreal 992,140 8.03 36D March 31/95
e) ENS 2,977,020 8.05 35D March 31/95
f) Montreal 988,250 7.75 56D April 24/95
g) ENS 988,200 7.78 56D April 25/95
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) ENS 3,100,000 6.25 189D May 25/95
1) CIBC 2,999,579 6.70 255D Aug 7/95
m) Montreal 295,500 6.11 91D Mar 8/95
n) RBC 25,000 7.38 305D Oct 15/95
o) RBC 24,000 10.25 322D Nov 1/95
p) Montreal 2,016,189 8.43 180D July 31/95
r
q) Wood Gundy 2,210,810 8.90 774D April 11/97
r) Wood Gundy 589,189 8.90 833D June 9/97
40,129,120
1
PART "E"
FEBRUARY 1995
Development Charges
Total T Lot Levies Town Region C.H.E.C.
Mr. & Mrs. Longo 12,267.00 --- 4,959.00 7,308.00 ---
P1. 31, C. 2
40M1740
Courtice
B/P#95-0013
Kiddicorp Investments 26,600.00 --- --- 26,600.00 ---
L.29, C. 2
40M1754 & 40M1755
Courtice
B/P#95-0041, 0042,
0045 & 0046
TOTALS 38,867.00 0.00 4,959.00 33,908.00 0.00
Contriubtions - Cash-in-Lieu of Parkland
W.E. Roth Construction $5,500.00
Pl. 10, C. 1
Bowmanville