HomeMy WebLinkAboutTR-9-95 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
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REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File#
Date: March 6, 1995 Res. #
By-Law#
Report#:____Tp,-g-g5 File #:
Subject: CASH ACTIVITY REPORT - JANUARY, 1995
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-9-95 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 January 31, 1995,
is as shown on the attached schedule; and
3. THAT Part "A" of the expenditures for the month of January, 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 January 31, 1995 and the comparative information for the month ended
January 31, 1994.
Respectfully submitted, Reviewed by,
Marie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
MM/NT/hjl �
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Attachments
701
PAPEERC RECYCI K
iH IS 2 PPINtED M RECYCLED PAPER
PART "A"
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Analysis of Revenue and Expenditures
for the Month of January 1995
1995 1994
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED 595,013 538,862
UNCONDITIONAL GRANT
GRANTS-IN-LIEU:
ONTARIO HYDRO GRANT-IN-LIEU
STREETSMART LOAN PROCEEDS 300,000
ONTARIO HYDRO PROCEEDS-STREETSMART 101,540
SUBSIDIES:
HANDI-TRANSIT SUBSIDY
MINISTRY OF TRANSPORTATION-NOTE A 873,487
REGION RECEIVABLE-NOTE A 472,683
DEVELOPMENT CHARGES-TOWN 14,877 1,230
REGION DEBENTURE RECOVERABLE 73,106
GENERAL 319,703 474,925
INTEREST 52,105 85,575
DEVELOPMENT CHARGES-REGION/PUC 55,256
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1,910,440 2,047,923
------------------------
USE OF FUNDS:
PAYROLL 697,671 703,011
DEBENTURE CHARGES 73,106
REGION LEVY
SCHOOL BOARD LEVIES-NOTE A 49,421
GENERAL-INCLUDING CAPITAL EXP. 1,872,477 2,344,893
------------------------
2,619,569 3,121,010
------------------------
NET CASH PROVIDED (USED) (709,128) (1,073,088)
------------------------
BANK NET CASH BANK BANK
BALANCE PROVIDED BALANCE BALANCE
FINANCIAL POSITION: DEC 31/1994 (USED) JAN 31/1995 JAN 31/1994
GENERAL FUND 1,013,598 (634,755) 378,843 2,683,766
RESERVE FUND 320,081 1,794,824 2,114,905 444,360
INVESTMENTS (GENERAL + RESERVE FUND) 31,927,950 (1,869,198) 30,058,752 26,924,937
------------------------------------------------
33,261,629 (709,128) 32,552,501 30,053,063
NOTE A: DIFFERENCE IN COMPARISON BETWEEN YEARS DUE TO TIMING DIFFERENCES IN CASH RECEIPT OR PAYMENT.
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Continuity of Taxes Receivable
for the month of January 1995
DEC. 31 PENALTIES & TAXES SUBTOTAL TAX TAX JAN. 31 JAN. 31
1994 INTEREST BILLED PAYMENTS ADJUSTMENTS 1995 1994
RECEIVABLE ADDED
CURRENT YEAR
TAXES (53,912) (53,912) (19,743) 3,434 (70,220)1 (123,019)
PENALTY AND INTEREST 0 0 0 I 0 1
1994 YEAR I
TAXES 3,994,656 3,994,656 (295,657) (91787) 3,689,212 1 4,107,191
PENALTY AND INTEREST 228,220 51,379 279,599 (34,902) (805)1 243,892 1 289,422
1993 YEAR I I
TAXES 1,932,598 1,932,598 (76,353) (1,635) 1,854,610 1 1,641,584
G PENALTY AND INTEREST 287,283 24,505 311,788 (28,154) (780)1 282,854 1 286,079
L^9 PRIOR
TAXES 1,191,165 1,191,165 (82,199) 137 1 1,109,103 740,851 1
PENALTY AND INTEREST 318,744 15,267 334,011 (27,099) 3 ( 306,916 I 243,218
----------------------------------------------------------------------------1 --------------) --------------I
7,898,754 91,151 0 7,989,906 (564,107) (9,433)1 7,416,366 7,185,332 1
----------------------- ------------------ ...... ---------
TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) NOT AVAILABLE I N/A
==----- ______________I
PERCENT OF CURRENT TAXES OUTSTANDING N/A N/A
*Includes refunds, write-offs, 496'x, 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 they represent prepaid taxes
1995 taxes are not billed until February
NOTE 3: Percent of current taxes outstanding cannot be determined until the 1995 budget has been approved ,b
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PART "C"
STATISTICAL INFORMATION
FOR THE MONTH OF JANUARY, 1995
Payment Received - Taxes 555
Tax Certificates 336
Accounts Payable Cheques Issued
Manuals # 32103 to 32125 23
Computer # 38027 to 38595 569
Number of Births Registered 47
Number of Deaths Registered 48
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INVESTMENTS OUTSTANDING PART "D"
AS AT JANUARY 31, 1995
AMOUNT INTEREST TERMS DUE DATE
RATE
GENERAL, FUND:
a) BNS 984,730 7.35 77D March 31/95
b) CIBC 1,499,465 5.94 35D February 14/95
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
r, 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) Montreal 2,661,390 5.95 89D Feb 27/95
n) Montreal 295,500 6.11 91D Mar 8/95
o) RBC 25,000 7.38 305D Oct 15/95
p) RBC 24,000 10.25 322D Nov 1/95
--------------
30,058,752
--------------
--------------
BUJ
PART "E"
JANUARY 1995
Development Charges
Total Lot Levies Town Region C.H.E.C.
Reward Homes 28,177.00 --- 14,877.00 13,300.00 -
L.34, C.2
Darlington
40M1799
B/P#94-1069, 1072
and 1073
Martin Road Holdings 41,216.00 --- --- 41,216.00 ---
L.15, C.1
Bowmanville
40M1796
B/P#94-1112 to 1117
Geranium Homes 740.00 --- --- 740.00 ---
L.9, C.1
Bowmanville
40M1770
B/P#94-1124 and 1125
TOTALS 70,133.00 --- 14,877.00 55,256.00
% 06