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THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
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REPORT
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
Meeting: File#
Date: January 9, 1995 Res. #1-1f L(_\
By-Law#
Report#: TR 2 95 File#:
Subject: CASH ACTIVITY REPORT - NOVEMBER, 1994
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-2-95 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 November 30,
1994, is as shown on the attached schedule; and
3. THAT Part "A" of the expenditures for the month of November, 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 November 30, 1994 and the comparative information for the month ended
November 30, 1993.
Respectfully submitted, Reviewed by,
Marie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
MM/NT/pp j
Attachments
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CYPCLgP PA...R
PA REC CLP
THS 6 PRIMED QV RECYCLED PAPER
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
PART "A"
Analysis of Revenue and Expenditures
for the Month of November 1994
1994 1993
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED 1,160,676 956,560
MIN. NAT. RES. PIT LICENCE 113,075
GRANTS-IN-LIEU: NOTE A
ONTARIO HYDRO GRANT-IN-LIEU 1,665,986
L.C.B.O. GRANT-IN-LIEU 11,798
CANADA POST GRANT-IN-LIEU 31,795
SUBSIDIES:
HANDI-TRANSIT SUBSIDY
MINISTRY OF TRANSPORTATION
LOT LEVIES 141,898
DEVELOPMENT CHARGES-TOWN 285,452 93,673
REGION DEBENTURE RECOVERABLE-NOTE B• 153,799
GENERAL 596,882 382,879
INTEREST 177,972 134,860
DEVELOPMENT CHARGES-REGION/PUC 172,309 414,373
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2,506,365 3,987,622
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USE OF FUNDS:
PAYROLL-NOTE D 1,018,977 640,737
DEBENTURE CHARGES-NOTE C 242,164
REGION LEVY
SCHOOL BOARD LEVIES
GENERAL-INCLUDING CAPITAL M. 2,732,295 1,724,224
------------------------
3,751,272 2,607,124
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NET CASH PROVIDED (USED) (1,244,907) 1,380,497
BANK NET CASH BANK BANK
BALANCE PROVIDED BALANCE BALANCE
FINANCIAL POSITION: OCT 31/1994 (USED) NOV 30/1994 NOV 30/1993
GENERAL FUND 1,106,558 (551,322) 555,236 2,317,129
RESERVE FUND 76,173 266,646 342,819 792,506
SCOTIACONNECT INVESTMENT ACCOUNT 0 800,000 800,000 0
INVESTMENTS (GENERAL + RESERVE FUND) 41,996,118 (1,760,231) 40,235,887 28,394,659
------------------------------------------------
43,178,849 (1,244,907) 41,933,942 31,504,294
NOTE A: THESE AMOUNTS WERE RECEIVED IN SEPTEMBER 1994.
NOTE B: THIS IS STILL OUTSTANDING AT NOV.30/94.
NOTE C: THESE AMOUNTS WERE PAID IN OCTOBER 1994.
NOTE D: THERE WERE THREE PAY PERIODS CHARGED IN NOVEMBER 1994.
CORPORATIIN OF THE MUNICIPALITY OF CLARINGTON
Continuity of Taxes Receivable
for the month of November 1994
OCT. 31 PENALTIES & TAXES SUBTOTAL TAX TAX NOV. 30 I NOV. 30 1
1994 INTEREST BILLED PAYMENTS ADJUSTMENTS I 1994 1 1993 i
RECEIVABLE ADDED
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CURRENT YEAR I ( I
TAXES 4,923,566 244,446 5,168,012 (629,273) 7,001 4,545,739 1 4,704,940 1
PENALTY AND INTEREST 188,694 62,461 251,155 (39,012) (1,063)1 211,081 I 246,462 1
1993 YEAR
TAXES 2,191,842 2,191,842 (148,966) (31164)1 2,039,712 1 1,916,797 1
PENALTY AND INTEREST 309,200 27,834 337,034 (36,983) (1,368)1 298,683 i 306,847
1992 YEAR ( I 1
TAXES 927,217 927,217 (77,718) (81849)1 840,650 ( 619,030 1
_ PENALTY AND INTEREST 187,722 11,872 199,594
(30,126) (3,290)1 166,177 I 163,194
PRIOR
TAXES 477,653 477,653 (18,156) (14,844)1 444,653 I 252,766
PENALTY AND INTEREST 183,672 6,171 189,843 (7,952) (6,570)1 175,321 I 116,745 1
----------------------------------------------------------------------------I -------------- --------------
9,389,566 108,338 244,446 9,742,350 (988,186) (32,147)1 8,722,017 I 8,326,781 1
TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,804,858 1 53,760,278
PERCENT OF CURRENT TAXES OUTSTANDING 8.29$1 8.75$1
*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)
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PART "C"
STATISTICAL INFORMATION
FOR THE MONTH OF NOVEMBER, 1994
Payment Received - Taxes 870
Tax Certificates 318
Accounts Payable Cheques Issued
Manuals # 32056 to 32087 32
Computer # 36602 to 37408 807
Number of Births Registered 38
Number of Deaths Registered 39
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PART "D"
INVESTI4ENTS OUTSTANDING
AS AT NOVEMBER 30, 1994
AMOUNT INTEREST TERMS DUE DATE
RATS
GENERAL FUND:
a) TD 1,479,120 5.60 92D Dec 1/94
b) Montreal 1,183,476 5.54 92D Dec 15/94
C) BNS 2,967,450 5.20 77D Dec 9/94
d) BNS 3,000,000 5.15 78D Dec 15/94
e) BBC 626,543 5.15 73D Dec 15/94
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) CIBC 887,868 5.48 91D Dec 15/94
g) Royal 1,878,460 6.69 353D Sept 7/95
h) Montreal 3,201,372 6.70 338D Sept 8/95
i) Montreal 888,093 5.50 89D Jan 3/95
J) TD 2,399,239 7.53 446D Jan 8/96
k) RBC 740,000 7.40 474D Feb 7/96
1) TD 2,699,846 6.23 213D June 1/95
M) CIBC 1,973,280 5.49 90D Jan 31/95
n) BNS 3,100,000 6.25 189D May 25/95
o) CIBC 2,999,579 6.70 255D Aug 7/95
p) Montreal 2,661,390 5.95 89D Feb 27/95
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40,235,888
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PART "E"
NOVEMBER 1994
Development Charges
Total Lot Levies Town Region C.H.E.C.
Simkins Homes 6,583.00 --- 4,940.00 1,643.00 ---
40R15459
B/P#94.1015
290572 Ont. Ltd. 35,428.00 --- 14,820.00 20,608.00 ---
40M1779
L.29, C.2
Darlington
B/P#94.1031-1033
290572 Ont. Ltd. 15,930.00 --- 14,820.00 1,110.00 ---
40M1742
L.35, C.3
Darlington
Ridge Pine Park 615.00 --- 615.00 --- ---
B/P#94.1076
290572 Ont. Ltd. 82,002.00 --- 33,478.00 48,524.00 ---
4001746
L.29, C.2
Darlington
B/P#94.1060-1066
Martin Rd. Holdings 316,204.50 --- 216,454.50 99,750.00 ---
40M1796
L.15, C.1
Bowmanville
B/P#94.1016-1030
890981 Ont. Ltd. 324.00 --- 324.00 --- ---
40M1675
L.28, C.2
Darlington
B/P#94.1057-1058
Geranium Homes 674.00 --- --- 674.00 ---
40M1709
L.31, C.2
Darlington
B/P#94.1011, 1013
TOTALS 457,760.50 --- 285,451.50 172,309.00
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PART "E"
NOVEMBER 1994
a) Contributions - Cash-In-Lieu of Parkland
Sheldon Stein $ 3,720.00
LD218/93 & 219/93
Pt. L. 30, C.3
Darlington
TDL Group ltd. 9,500.00
(Tim Horton's)
DEV94-007
Pt. L. 14, BFC
Bowmanville
Estate of Margaret Carruthers 2,760.75
LD260/94
L.12, C.2
Bowmanville
Jetny Homes 3,805.71
LD117/92-121/92
Pt. L.33, C.2
Darlington
TOTAL $19,786.46
b) Contribution - Engineering and Inspection Fees
Penwest Dev. Corp. 1-2-,083.64
40M1770
Penwest Dev. - Ph. 4
C) Contributions - Roads
TDL Group Ltd. $ 5,833.15
(Tim Hortons)
DEV 94-007
Pt. L. 14, BFC
Bowmanville
Sheldon Stein $ 4,510.00
LD218/93 & 219/93
Pt. L. 30, C.3
Darlington
TOTAL $10,343.15
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