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Home My WebLink AboutTR-14-94 V THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON A X1XX CJDXW)DXWKn ODR, T"=0K MUOAWX REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE F i I e# Date: April 18, 1994 R e s. #ap e 9 Report#: TR-14-94 File#: By-Law# Subject: CASH ACTIVITY REPORT - DECEMBER, 1993 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1 . That report TR-14-94 be received; and 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, 1993, is as shown on the attached schedule; and 3 . That Part A of the expenditures for the month of December, 1993 be confirmed. BACKGROUND & COMMENTS The attached schedules indicate the Corporation of the Municipality of Clarington's cash transactions, the cash and investment position, lot levy information and statistical information for the month ended December 31, 1993 and the comparative information for the month ended December 31, 1992 . This report is presented in a revised format to provide information to Council which more closely resembles the cash position of the municipality in any given month. In the past the accrual method was predominantly used. The revised report presentation is suggested to provide a more recognizable format. Prior year comparative numbers have been restated for presentation purposes. . . .2 / 01 1 10515'!1 N I 1.14 11-I I I TR-14-94 Page 2 Respectfully submitted Reviewed by - - --------- . arie A. Marano H.BSc. , A.M.C.T. W. H. Stockwell Treasurer Chief Administrative Officer MAM/PP/wh I PART A CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of December 1993 REVISED FORMAT- CASH BASIS 1993 1992 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 1,122,151 595,840 UNCONDITIONAL GRANT 786,100 GRANTS-IN-LIEU: ONTARIO HYDRO GRANT-IN-LIEU 252,070 L.C.B.O. GRANT-IN-LIEU ONTARIO HYDRO PROCEEDS 7,456,803 SUBSIDIES: HANDI-TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION 812,692 LOT LEVIES 109,694 DEVELOPMENT CHARGES-TOWN 61,530 REGION DEBENTURE RECOVERABLE GENERAL 706,722 581,137 INTEREST 133,098 184,259 DEVELOPMENT CHARGES-REGION/PUC 326,759 ---------------------- 10,981,519 2,147,336 ------------------------ USE OF FUNDS: PAYROLL 1,011,788 783,915 DEBENTURE CHARGES 165,550 REGION LEVY 146,34b SCHOOL BOARD LEVIES 7,865,585 7,702,563 GENERAL-INCLUDING CAPITAL EXP. 2,316,740 1,948,028 ------------------------ 11,359,662 10,580,846 ------------------------ NET CASH PROVIDED (USED) (378,143) (8,433,510) BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: NOV 30/1993 (USED) DEC 31/1993 DEC 31/1992 GENERAL FUND 2,317,129 (492,379) 1,824,750 2,726,204 RESERVE FUND 792,506 (428,732) 363,774 168,153 INVESTMENTS (GENERAL + RESERVE FUND) 28,394,659 542,968 28,937,627 18,845,810 ------------------------------------------------ 31,504,294 (378,143) 31,126,151 21,740,167 NOTE: Prior years figures have been restated for comparative purposes. 0 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of December 1993 REVISED FORMAT NOV. 30 PENALTIES & TAXES SUBTOTAL TAX TAX DEC. 31 DEC. 31 1993 INTEREST BILLED PAYMENTS ADJUSTMENTS 1993 1992 RECEIVABLE ADDED CURRENT YEAR TAXES 4,704,940 205,478 4,910,418 (685,532) 7,380 4,232,266 3,772,583 PENALTY AND INTEREST 246,462 60,950 307,412 (47,239) (590)1 259,583 239,766 1992 YEAR TAXES 1,916,797 1,916,797 (173,956) (7,522) 1,735,319 1,249,490 ro PENALTY AND INTEREST 1991 YEAR 306,847 24,404 331,251 (44,535) (1,133) 285,583 213,027 ( � I I I H TAXES 619,030 619,030 (83,012) (531)1 535,487 355,685 td PENALTY AND INTEREST 163,194 7,979 171 173 29 060 ( . ) (163)1 PRIOR 141,950 95,994 � TAXES 252,766 252,766 (27,135) (40)1 225,591 167,100 PENALTY AND INTEREST 116,745 3,606 120,351 (16,009) (25)1 104,317 88,222 -- ---------------------------- ------- --- ------- --- ---- 8,326,781 96,939 205,478 8,629,198 (1,106,478) (2,624) 7,520,096 6,181,867 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,907,516 52,725,990 PERCENT OF CURRENT TAXES OUTSTANDING -I -----------I 7.71%1 7.16% *Includes refunds, write-cf£s, 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: Prior years figures have been restated for comparative purposes only. PART C STATISTICAL INFORMATION for the Month of December, 1993 Payment Received - Taxes 961 Tax Certificates Issued 319 Dog Licenses Issued 43 Burial Permit Issued 26 Accounts Payable Cheques Issued Manuals # 31678 to 31695 = 18 Computer # 30828 to 31237 = 410 I ? 0D PART D INVESTMENTS OUTSTANDING AS AT DECEMBER 31, 1993 AMOUNT INTEREST TERMS DUE DATE RATE GENERAL FUND: a) BNS 2,989,230 3 .98 33D January 18/94 b) BNS 1,500,000 3 . 80 30D January 21/94 RESERVE FUND: a) Royal 2,977,440 4 . 32 64D January 6/94 b) CIBC 21999,830 4 .35 90D February 1/94 c) Montreal 2,971,350 4 .29 82D January 25/94 d) Royal 1,589,552 4 . 00 60D February 1/94 e) Royal 1,983,260 4 . 00 77D February 18/94 f) BNS 990,730 4 . 02 85D March 2/94 g) TD 1, 187,712 4 . 06 93D March 10/94 h) TD 1,781,568 4 .06 93D March 10/94 i) TD 1,489,635 3. 97 64D February 22/94 j ) TD 2,977,320 3 . 97 70D February 28/94 k) BNS 3,500,000 3. 80 30D January 21/94 28,937,627 706 i I PART E DECEMBER 1993 DEVELOPMENT CHARGES Lot Total Levies Town Region P.U.C. 921395 Ontario Ltd. 160.00 --- 143.00 --- 17.00 Pt. Lot 9, C.2 Bowmanville 40M1688 B/P# 92.907 Liza Development 138,411.00 79,852.50 43,407.00 --- 15,151.50 Pt. Lot 14, C.1 Bowmanville 40M1740 Wilmot Creek 3,075.00 3,075.00 --- --- --- B/P# 93.935 B/P# 93.936 921395 Ontario Ltd. 86,450.00 --- --- 86,450.00 --- Pt. Lot 14, C.1 Bowmanville 40M1741 B/P #93.729, 741 290572 Ontario Ltd. 740.00 --- --- 740.00 --- Lot 35, C.3 Darlington 40M1742 B/P# 93.908, 909 290572 Ontario Ltd. 199,648.00 29,740.00 19,660.00 150,248.00 --- Lot 29, C.2 Darlington 40M1746 A. Sant 1,643.00 --- --- 1,643.00 --- Lot 29, C.6 Clarke 1OR3516 B/P #93.906 921395 Ontario Ltd. 66,500.00 --- --- 66,500.00 --- Lot 14, C.1 Bowmanville 40M1741 B/P# 93.726 - 728 B/P# 93.742 - 748 T / Ol DECEMBER 1993 DEVELOPMENT CHARGES Lot Total Levies Town Region P.U.C. Fridel Ltd. 13,300.00 --- --- 13,300.00 --- Lot 31, C.2 Darlington 40M1744 B/P# 93.938 - 939 Armandale Homes 143.00 --- 143.00 --- --- Lot 28, C.2 Darlington 40M1675 B/P# 93.930 D'Angelo Bros. 160.00 --- 143.00 --- 17.00 Lot 9, C.2 Bowmanville 40M1688 B/P# 93.951 $510,230.00 $112,667.50 $63,496.00 $318,881.00 $15,185.50 708 I