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Home My WebLink AboutFND-026-04 t. ~. . . REPORT FINANCE DEPARTMEHT Meeting: GENERAL PURPOSE ANDAJ;,:),M~TRATION COMMITTEE Date: MONDAY, DECEMBER6i:zOO4 ResoIution#:6,otl-.5/:7--0'f Report#: FND.o26-04 File #: , By-law #: subject: CASH AcnvtTY - THJRI)~IIiR OF 2004 Re,conmumdations: It is respectfully recommended that the Genet"etfful'pOse and Administration Committee recommend to Council the following: 1, THAT Report FND-02e-.04 be re<l$ived; 2. THAT inaccorckilnce with proviski>>l of~r 25, Section 286 of the Municipal Act, S,O. 2001, the Treasurerreportsu..~sh position of the Mul'licipality of Claringtonfor the third quarter of!the ye."';z004, as shown on the attached schedUle; and 3, THAT Part "A" of the expendituresforhttirdquarteroftheyear be confll'med. Submitted by: NancyT r, B. ~;.C.A., Director of Finance. NT/AAlhjl 1301 Reviewed : ranklin Wu, & Chief Administl"ative Officer. I . REPORT NO.: FND.o26004 PAGE 2 BACKGROUND AND COMMENT: The attached schedule& indicate the CorporationQf'the Municipality ofClarington's cash transactions for the third quarter of 2004, tllleClil$hin~tmentposition, the tcn<es receivable position and the comparative information f<< thel'l'lQ!)th ending September 30, 2003. Statistical irtformation, transit revenue and expenditutellnd 'ttaehed schedule for the development charges rnfonnation are for the third quarter of 2004. Attachments: Attachment A - Analysis of Revenue allld~itures - Third Quarter of 2004 Attachment B - COntinuity of Taxes Rl$tiveble... As at September 2004 Attachment C - Statistical Information .... Aut s.ptember 2004. - Transit Revenue and ~ndiWr& - As at September 2004 Attachment D -Investments Outstandiljlg - As at September 2004 Attachment E - Development Charges InfMnation -Third Quarter of 2004 ~"~ OF THE MUNICIPALITY Of' C\.ARltifc,;TON 40 TEMPERANCi:: $r~EET, BOWMAN\'tLE,O . ... .l1C 3A6 T (905)$23-3379 F (905)6Z3-4169 1302 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Third Quarter of the Year 2004 PART "A" Third Quarter Third Quarter 2004 2003 REVENUE RECEIVED FOR GENERAL OPERATING ~ND RESERVE FUND PURPOSES: GENERAUTAX PAYMENTS RECEIVED 36,643,844 43,916,242 LINEAR PROPERTIES 1,917,717 1,687,798 PITS & QUARRIES - LICENSE FEES 223,352 187,928 PROVINCE - COMMUNITY REINVESTMENT FUNDING 29,000 29,000 CANADIAN WASTE - RENT AND ROYALTIES 38,705 22,178 PET SMART DONATION FOR SPAY/NEUTER PROGRAM 10,000 0 BOWMANVILLE HERITAGE BOOK SALES 30 90 DEVELOPMENT CHARGES-MUNICIPAL 956,847 1,414,014 INTEREST 439,211 422,875 DEVELOPMENT CHARGES-SCHOOL BOARD 138,391 201,682 DEVELOPMENT CHARGES-REGION 1,272 433 923,880 41669530 48 805 687 USE OF FUNDS: PAYROLL 4,126,163 4,522,000 REGION LEVY 12,124,336 16,187,463 SCHOOL BOARD LEVIES 4,722,141 5,488,299 GENERAL-INCLUDING CAPITAL EXP'" 14824169 16231,645 35 796 809 42,429407 NET CASH PROVIDED (USED) 5872,721 6,376 280 BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: JUN.30 2004 !fUSED SEP. 30 2004 SEP. 30, 2003 GENERAL FUND 22,796,263 (6,690,326) 16,105,937 9,657,963 RESERVE FUND 4,196,022 (1,526,275) 2,669,747 670,743 MUNICIPAL BOND INVESTMENTS 2,522,406 27,282 2,549,688 2,438,828 HOST COMMUNITY FUND IN TRUST 10,000,000 0 10,000,000 10,000,000 INVESTMENTS (GENERAL + RESERVE FUNDS) 51,693,809 14,062,040 65,755,849 59,323483 h-OTALS 91,208,500 5,872,721 97,081,221 82,091,017 BANK BALANCES AS AT: JULY 31 2004 JULY 31 2003 AUG. 31, 2004 AUG. 31, 2003 GENERAL FUND RESERVE FUND MUNICIPAL BOND INVESTMENTS 19,316,363 2,058,211 2,531 628 15,607,832 612,966 2419,912 17,701,087 2,884,014 2,540,793 6,346,423 1,423,427 2429465 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. lJJii CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the Third Quarter of the Year 2004 PART "B" June 30, 2004 BEGINNING BALANCE INTEREST RECEIVABLE ADDED TAXES BILLED BALANCE ;s:EiP:JE.MSlsR SEPTEMBER PAYMENTS ~~tJ4::; .. 2003 IADJUST.~~~ CURRENT YEAR TAXES 8,524,275 30,399,257 38,923,532 8,069,004 PENALTY AND INTEREST 70,536 197035 267,571 143854 FIRST PRIOR YEAR TAXES 2,291,954 140,170 2,432,124 2,155,484 PENALTY AND INTEREST 216735 82,331 299,066 244151 SECOND PRIOR YEAR TAXES 965,366 12,054 977,420 926,650 PENALTY AND INTEREST 168,819 39,460 208,279 142,298 THIRD & PRIOR YEARS TAXES 1,073,270 0 1,073,270 1,070,705 PENALTY AND INTEREST 604 466 43 284 647 750 538,595 TOTAL 13915,421 362110 30551481 44 829,012 13,290,741 Includes refunds, write-offs, 496'5, 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) 1Ju4 COAPORATION OF THE MUNICIPALITY OF CLARINGTON PART "C" STATISTICAL INFORMATION for the Third Quarter of the Year 2004 Year to Date Tax Certificates 303 642 Number of Properties eligible for Tax Reaistration (see Note 1 i 89 .. see Note 2 Accounts Payable Cheques Issued #064407 to #065977 1,565 4,834 Transit Total Adult Ridership 8,335 26,656 Tran5it Total Student Ridership 9,555 52,379 Transit Total Sr./Child Rider5hip 2,647 7,505 Transit Total Ridership Across Region (Durham "0' 174 966 Transit Total Transfers 1,486 4,948 Number of Births Reaistered 0 2 Number of Deaths Reoistered 113 359 Note 1: Only includes those properties whose arrears are greater than $10,000. Note 2: Number of eligible properties for tax registration not applicable for year-to-date comparison. TRANSIT REVENUE AND EXPENDITURE for the Third Quarter of the Year 2004 Year to Date REVENUE TRANSIT REVENUE 74,244 171,768 EXPENSES MISCELLANEOUS OPERATING 16,701 35,105 TRANSIT CONTRACT 152,381 485,687 OPERATING ILOSSlIGAIN (94,838) (349,023 CAPiTAL EXPENDITURES 0 0 IJU5 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT SEPTEMBER 30,2004 PART "D" FINANCIAL INVESTMENT INTERES # OF DAYE MATURITY MATURIf'i INSTITUTION COST RATE O/S VALUE DATE GENERAL FUND TO 5,999,637.51 2.39% 85 6,033,000.00 Dec. 7/04 MTL 1,995,700.00 2.25% 35 2,000,000,00 Oct. 18/04 MTL 1,992,400.00 2.32% 60 2,000,000.00 Nov, 12/04 TD 1,997,400.00 2,26% 21 2,000,000.00 Oct. 4/04 TO 1,699,424,65 2.35% 51 1,700,000.00 Nov. 18/04 TOTAL GENERAL FUND i~,$M;$$2M RESERVE FUND RBC * 806,000.00 3.70% 1,827 806,000.00 Jul. 09/08 RBC 1,425,999.88 5.11% 1913 1,851,467.00 June 1/06 RBC 1,683,100.32 5.15% 2019 2,221,035.00 Sept.15/06 RBC 1,855,574.20 5.15% 1913 2,414,000.00 June 1/06 RBC * 1,450,000.00 4.00% 366 1,450,000.00 Dec. 1/04 RBC 495,186.85 4.00% 1171 561,500.00 Jun. 6/06 RBC 1,379,343.53 4.65% 2085 1,787,409.00 Dec. 1/08 RBC * 2,653,000.00 4.00% 365 2,653,000.00 May 25/05 RBC 1 ,566,467.00 5.45% 1826 2,042,463.00 Jan.29/06 RBC 500,000.00 3.25% 1827 595,239.37 June 21/08 RBC 500,000,00 7.00% 1460 638,699.85 June 21/05 RBC * 400,000,00 3.70% 1887 400,000.00 Aug. 22/08 RBC 481,878.00 4.45% 1827 599,072.41 Mar. 4/08 RBC 868,578.00 4.10% 1098 979,853.00 Apr. 3/06 HSBC 1,556,190,66 2,25% 366 1,591,300.88 Mar. 2/05 RBC 500,000.00 6.25% 1095 578,782.97 June 21/05 RBC * 1,815,962.00 5.00% 1825 1,815,962.00 Feb. 7107 RBC 601,664.00 5.30% 1461 739,720.00 Feb. 5/05 RBC * 1,482,702.57 5,50% 1825 1,487,000.00 Feb. 13/06 RBC * 970,000.00 3.20% 372 970,000.00 Mar, 19/05 RBC * 1,480,000,00 4.10% 366 1 ,480,000.00 Feb. 10/05 RBC 208,000.00 4.35% 1769 257,351.00 Mar. 12/08 RBC 1,143,285.67 3.80% 1547 1,338,742.00 Dee, 15/08 RBC * 380,000.00 4.00% 358 380,000.00 Jun. 15/05 lJuti CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT SEPTEMBER 30, 2004 RESERVE FUND RBC RBC RBC RBC RBC RBC * RBC * RBC RBC RBC * RBC RBC RBC TO TO TO 1,566,466.88 519,255.00 499,999.38 2,465,000.00 1,000,000.00 1,500,000.00 638,000.00 534,782,00 1,520,617.00 906,000.00 372,440.00 118,693.50 1,000,000.00 5,581,654.47 5,838,081.89 1,807,364.70 TOTAL RESERVE FUND s2,oif,28't$6 ITOTAL INVESTMENTS .......-"."."., .. .........".".... '-',.,",-.'. .'. '.' "'" " . . '-"-'-",-.",.,-,'.',-,",'-" ..........--.........., '-'-"- ....----... ......- .. ....-- .... .._-.---,-..... .... .... 6$;1s$,lil4~j66 5,30% 3.30% 4.00% 4.05% 4.15% 5.50% 5.40% 3.30% 5.35% 4.10% 4.40% 5.10% 4.45% 2.11% 2.32% 2,36% * Investment interest paid on a monthly/semi-annual/annual basis lJu7 1386 649 1182 731 1096 1694 1598 730 1826 730 1826 1976 1827 91 49 91 1,904,519,00 550,000.00 567,343.00 2,465,000.00 1,129,738.22 1,500,000,00 638,000.00 570,660.00 1,973,297.00 906,000.00 461,912.00 155,297.00 1,243,203.49 5,611,000.00 5,857,000.00 1,818,000.00 PART "0" Nov. 15/04 Oct. 1/04 Jul. 26/06 Jul. 23/05 Apr. 09/06 Dec. 20/07 June 1/05 Dec. 23/04 Mar.15/07 Sept. 29/06 May 28/09 Oct. 15/04 Aug. 09/07 Nov. 16/04 Nov. 16/04 Dec. 10/04 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" for the Third Quarter of the Year 2004 i-' l:--. C ry [ Building I Name of Owner/Applicant I I Develooment Charges Education Permit No. Construction Address Total Municipal Region Enolish Separate English Public 04.0225 Rose Valley Homes 20,619.00 8,025.00 11,564,00 326.00 704.00 193 Sprucewood Cr, Bowmanville Plan: 40M-2048&40R-22519 PI Lot: Blk 84&1 04.0391 Pat Macdonald 13,058.00 8,025.00 4,003.00 326.00 704,00 1834 Nash Rd, Courtice Plan: 634 Lot 4 04.0343 Brenda Lowick, Thomas Mountain 570.38 490,78 0.00 29.19 50.41 1528 Nash Rd, Courtice Plan: 10R-3161 Part: 2 04.0786 Bonnie Zauerhagen 9,913.00 8,025.00 858.00 326,00 704.00 14 Decoe Ct, Courtice Plan: 40M-2104 pt Lot: 4 04,0631-2,750-1 Crossland Homes 112,614,00 48,150.00 58,284.00 1,956.00 4,224.00 768-9 Rafton St, Newcasstle Plan: 40M-2166 pt Lot: 92&98 L&R 04.0479,979-993, Clarnew Developments Inc. 341,542.00 144,450.00 178,552,00 5,868.00 12,672.00 734-5, 962 Laking Dr, Newcastle Plan: 40M-2166 pt Lot: 112 68L&R 04,0785 Storybook Homes 20,619.00 8,025.00 11,564.00 326.00 704.00 90 Auburn La, Darlington Con: 2 Lot 34 04,0770 Ridge Pine Park Inc, 1,030.00 0.00 0.00 326.00 704,00 4 Birch Tree La, Wilmot Creek Con: BF Lot 3 04.0771-2 Ridge Pine Park Inc. 2,060.00 0.00 0,00 652.00 1,408.00 Fir Dr, Wilmot Creek pt Lot: 948 L&R CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" for the Third Quarter of the Year 2004 .... 1:,<' c: c.e I Building I Name of Owner/Applicant I I Develooment Charaes Education Permit No, Construction Address Total Municioal Region English Seoarate English Public 04.0655-7 H,L, Gay Family Homes Limited 59,400.00 23,061,00 33,249.00 978.00 2,112.00 Dudley Ct, Courtice pt Lot: 38 - 40 04.0853 Doug & Tammy Beatty 13,058,00 8,025.00 4,003.00 326,00 704.00 9490 Murphy Rd, Darlington Con: 9 Lot 3 04.0876 - 04.0879 Prestonvale Heights Limited 185,571.00 72,225.00 104,076.00 2,934.00 6,336.00 Partner/Shuttleworth/Huntington, Courtice Plan: 40M-2148 pt Lot: 8793-98111-2 04,0626, 28 Tatra Valley Homes Inc 25,974.00 16,050.00 7,864.00 652.00 1,408,00 Farncomb Cr, Bowmanville Plan: 10M-829 pt Lot: 105 L&R 04.0811,13-5,24,26, Halminen Building Corp (Clarington) 386,480.00 160,500.00 205,380.00 6,520,00 14,080.00 856-65, 892-3,5-8 Sleeman Sq, Courtice PI Lot: 46-8 51-2,55;26 36 59 60 62 66-7 L&R 04.0902 Ridge Pine Park Inc 1,030.00 0.00 0.00 326.00 704.00 31 Little Brook Rd, Wilmot Creek Con: BF Lot 3 pt Lot: 143 04.0901 Ridge Pine Park Inc 12,594.00 0.00 11,564.00 326.00 704.00 93 Wilmot TI, Wilmot Creek Con: BF Lot 3 pt Lot: 248 04,0854 Roger Yates 17,636,00 8,025.00 8,581.00 326,00 704.00 589 Mill St, Newcastle Plan CG Hannino BLK 50: Lot 21 22 04.0798 Med- Tri Developments 20,619.00 8,025.00 11,564.00 326.00 704.00 606 Amos St, Newcastle Plan: 40R-21344 Part: 2 ~ e..c I-- c: CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" for the Third Quarter of the Year 2004 I Building I Name of Owner/Applicant II Develo ment Charoes Education Permit No, Construction Address Total II Municipal Reaion English Seoarate Enolish Public 04.0790,912 Lionshead Homes 41,238.00 16,050.00 23,128.00 652,00 1,408.00 Sleeman Sq, Courtice Plan: 40M-2213 Pt Lot: 37-8 01.1039 1362864 Ontario Inc 13,058.00 8,025.00 4,003.00 326.00 704.00 4795 Thertell Rd, Clarke Con: 8 Lol 3 04,0887 Waste Management of Canada Corp 544.00 468.08 0.00 27,84 48,08 1 McKnight Rd, Courtice Con: BF Lot 25 03.0984 Feskiw Farms Kawartha Inc 6,456,13 1,336.96 4,809.09 113.70 196.38 8271 Highway 35/115 Northbound, Clarke Con: 8 Lot 23 02.0321 Clarington Industrial Services 4,131.61 3,417.39 0.00 261.89 452.33 322 Bennett Rd, Bowmanville Con: BF Lot 5 04,0908 Steve & Stephanie Badgley 1,030.00 0.00 0.00 326,00 704.00 4587 paynes Cr, Newtonville Con: 1 Lot 7 04.0801-2,804-9 Ridge Pine Park Inc 85,952.00 0.00 77,712.00 2,608.00 5,632.00 Garden Manor West PI, Wilmot Creek Con: BF Lot 3 pt Lot: Various 04.0687 BCR Construction Inc 5,033,00 0.00 4,003.00 326.00 704.00 10 Bice Cr, Salina Plan: 40M-1897 pt Lot: 19 04.0945-6 Dunbury Homes (Newcastle) LId 37,538.00 16,050.00 19,428.00 652.00 1,408.00 Ravey St, Newcastle Plan: 40M-2038 PI Lot: 125 L & R ~ c... ","> ~ CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "En for the Third Quarter of the Year 2004 I Building I Name of Owner/Applicant Oevelooment Charoes Education Permit No, Construction Address Total Municioal Reoion Enolish Seoarate Enolish Public 04.0918-9,937.9 Cleary Homes 101,457,00 40,125.00 56,182.00 1,630.00 3,520,00 Fennin9 Dr/Southfield Dr, Courtice Plan: 40M-2113 PI Lot: 1-3 74-5 04.0668,83-4,93,736-9 Vermont Village Homes LId 735,422,00 304,950.00 391,332,00 12,388.00 26,752.00 696-709,713-28 Various, Bowmanville Plan: 40M-2172 pt Lot: various 04.0871,1033 Grajen Homes 41,238.00 16,050.00 23,128.00 652.00 1,408,00 Harmer Dr, Newcastie Plan: 40M-2166 pt Lot: 47 & 79 04,0936 1559306 Ontario Ltd 13,058.00 8,025.00 4,003.00 326,00 704.00 5075 Holt Rd, Darlington Con: 5 Lot 20 04.0451 752224 Ontario LId 6,433.43 5,197.89 1,014,90 80.90 139.73 8262 Highway 35/115 Soulhbound, Clarke Con: 8 Lot 24 04.0783 Bill & Lena Schmahl 17,636.00 8,025.00 8,581.00 326.00 704,00 4 Clarke St, Newcastle Plan: 40R-20620 Part: 3 7 11 04.0915 Gord Humphrey 13,058.00 8,025,00 4,003.00 326.00 704.00 6200 Shiloh Rd, Clarke Plan: 40R-14837 Part: 1 TOTALS 2,367,670,55 956,847,10 1,272,432.99 43,871,52 94,518.94 ~ t:.-o ~, f,,':. CORPORATION OF THE MUNICIPALITY OF ClARINGTON PART "E" for the Third Quarter of the Year 2004 CONTRIBUTIONS - CASH-/N-lIEU OF PARKLAND Clare/Investments Freskiw Noone's DEV94-064 SPA2003-023 SPA2003-061 6,300.00 3,398.00 1,922,00 Total Cash-in-Lieu of Parkland 11,620,00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Port of Newcastle Phase 1, Stage 5 Middle Road Development Claret Investments DEV94-064 31,666.65 67,095.00 77,836.42 Total Engineering and Inspection Fees Contributions 176,598,07 CONTRIBUTIONS - ROADS Total Roads Contributions 0.00