HomeMy WebLinkAboutTR-5-95 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
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REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# tr 1C,-`. HO
Date: February 6, 1995 Res• # C 2 `/.5
Report#: File #: By-Law#
Subject: CASH ACTIVITY REPORT - DECEMBER, 1994
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-5-95 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 December 31,
1994, is as shown on the attached schedule; and
3. THAT Part "A" of the expenditures for the month of December, 1994, 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 December 31, 1994 and the comparative information for the month ended
December 31, 1993.
Respectfully submitted, Reviewed by,
/t, kl/
Marie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
MM/NT/hjl
Attachments
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PPPELRD RECYCLE
IRIS G PRIMED CV RECYCLED PAPER
PART. "A"
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Analysis of Revenue and Expenditures
for the Month of December 1994
1994 1993
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED 948,503 1,122,151
UNCONDITIONAL GRANT
GRANTS-IN-LIEU:
ONTARIO HYDRO GRANT-IN-LIEU-NOTE A 252,070
GOVT CAN. GRANT-IN-LIEU-NOTE A 30,706
ONTARIO HYDRO PROCEEDS 200,000 7,456,803
SUBSIDIES:
HANDI-TRANSIT SUBSIDY
MINISTRY OF TRANSPORTATION-NOTE A 812,692
LOT LEVIES 109,694
DEVELOPMENT CHARGES-TOWN 101,694 61,530
REGION DEBENTURE RECOVERABLE-NOTE A 101,409
GENERAL 700,803 706,722
INTEREST 129,906 133,098
DEVELOPMENT CHARGES-REGION/PUC 138,778 326,759
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2,351,799 10,981,519
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USE OF FUNDS:
PAYROLL 714,942 1,011,788
DEBENTURE CHARGES 90,620 165,550
REGION LEVY-NOTE A 290,026
SCHOOL BOARD LEVIES 8,277,888 7,865,585
GENERAL-INCLUDING CAPITAL EXP. 1,650,636 2,316,740
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11,024,112 11,359,662
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NET CASH PROVIDED (USED) (8,672,313) (378,143)
BANK NET CASH BANK BANK
BALANCE PROVIDED BALANCE BALANCE
FINANCIAL POSITION: NOV 30/1994 (USED) DEC 31/1994 DEC 31/1993
GENERAL FUND 555,236 458,362 1,013,598 1,824,750
RESERVE FUND 342,819 (22,738) 320,081 363,774
SCOTIACONNECT INVESTMENT ACCOUNT 800,000 (600,000) 0 0
INVESTMENTS (GENERAL + RESERVE FUND) 40,235,887 (8,307,937) 31,927,950 28,937,627
41,933,942 (8,672,313) 33,261,629 31,126,151
NOTE A: Difference in comparison between years due to timing differences in cash receipt or payment.
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CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Continuity of Taxes Receivable
for the month of December 1994
NOV. 30 PENALTIES & TAXES SUBTOTAL TAX TAX ( DEC. 31 DEC. 31
1994 INTEREST BILLED PAYMENTS ADJUSTMENTS 1994 ( 1993
RECEIVABLE ADDED
CURRENT YEAR I I I
TAXES 4,545,739 14,980 4,560,719 (610,121) (91853) 3,940,745 1 4,232,266 1
'PENALTY AND INTEREST 211,081 54,923 266,004 (36,814) (970)1 228,220 1 259,583 1
1993 YEAR I I
TAXES 2,039,712 2,039,712 (94,729) (12,386)1 1,932,598 1 1,735,319 1
PENALTY AND INTEREST 298,683 25,844 324,527 (36,073) (1,172)1 287,282 1 285,583 1
1992 YEAR I I I
.TAXES 840,650 840,650 (61,790) (5,633)1 773,227 1 535,487 1
PENALTY AND INTEREST 166,177 10,725 176,902 (25,603) (2,450)1 148,849 ( 141,950 1
PRIOR I I I
TAXES 444,653 444,653 (19,386) (7,330)1 417,937 1 225,591 1
PENALTY AND INTEREST 175,321 5,719 181,040 (7,133) (4,012)1 169,895 1 104,317 1
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8,722,016 97,211 14,980 8,834,207 (891,647) (43,805)1 7,898,755 1 7,520,096 1
TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,804,858 1 53,760,278 1
PERCENT OF CURRENT TAXES OUTSTANDING 7.19%1 7.87%1
*Includes refunds, write-offs, 4961s, 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
H
. by
PART "C"
STATISTICAL INFORMATION
FOR THE MONTH OF DECEMBER, 1994
Payment Received - Taxes 1,115
Tax Certificates 232
Accounts Payable Cheques Issued
Manuals # 32088 to 32102 15
Computer # 37409 to 38026 618
Number of Births Registered 40 j
Number of Deaths Registered 27
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INVESTMENTS OUTSTANDING PART "D"
AS AT DECEMBER 31, 1994
AMOUNT INTEREST TERMS DUE DATE
RATE
GENERAL FUND:
a) BNS 1,492,020 5 .58 35D January 5/95
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) Montreal 888,093 5 .50 89D Jan 3/95
i) TD 2,399,239 7 .53 446D Jan 8/96
j ) RBC 740,000 7 .40 474D Feb 7/96
k) TD 2,699,846 6 .23 213D June 1/95
1) CIBC 1,973,280 5 .49 90D Jan 31/95
m) BNS 3,100,000 6 .25 189D May 25/95
n) CIBC 2,999,579 6 . 70 255D Aug 7/95
o) Montreal 2,661,390 5 . 95 89D Feb 27/95
p) Montreal 295,500 6 . 11 91D Mar 8/95
q) RBC 25,000 7 .38 305D Oct 15/95
r) RBC 24,000 10 .25 322D Nov 1/95
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31,927,950
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PART "E"
DECEMBER 1994
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Development Charges
Total Lot Levies Town Region C.H.E.C.
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Jetny Homes Ltd. 58,703.00 --- 24,795.00 33,908.00 ---
L.33, C.2
LD117/92
Darlington
B/P#94.1086/1087/
#94.1108-1110
Lord Elgin Homes 12,875.00 --- 4,959.00 7,308.00 608.00
L.12, C.2
40M-1764
Bowmanville
B/P#94.1054
290572 Ont. Ltd. 29,640.00 --- 29,640.00 --- ---
L.35,C.3, L.29,C.2
40M1742, 40M1746
Darlington
Kiddioorp Investments 47,500.00 --- 42,300.00 --- 5,200.00
L.14, C.1
40M1741
Bowmanville
B/P#94.720-729
D. Brett Homes 3,330.00 --- --- 3,330.00 ---
L.P, C.1
40M1770
Bowmanville
B/P#94,1095-1103
Eiram Dev. 21,924.00 --- --- 21,924.00 ---
40M1776
B/P#94.1001,1092-1093
921395 Ont. Ltd. 66,500.00 --- --- 66,500.00 ---
L.14, C.1
40M1741
Bowmanville
B/P#94.720-729
TOTAL 240,472.00 --- 101,694.00 132,970.00 5,808.00
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PART E
DECEMBER 1994
Contributions - Cash-in-Lieu of Parkland
Canadian Building Materials 834.00
L.29,30,31, C.10
Clarke
DEV88-026
P & L Halminen 2,250.00
L.27, BFC
Clarke
LD140/94
TOTAL 3,084.00