The URL can be used to link to this page

Home My WebLink AboutTR-13-94 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE F i I e# Date: March 21, 1994 Res. # -9 q By-Law# Report#: 4 File #: Subject: CASH ACTIVITY REPORT - NOVEMBER, 1993 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-13-94 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 November 30, 1993, is as shown on the attached schedule; and 3 . That Part A of the expenditures for the month of November, 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 November 30, 1993 and the comparative information for the month ended November 30, 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 . % U4 TH6 11 PR1111 I"-III MAIII TR-13-94 Page 2 Respectfully submitted Reviewed by ---i----------------------- ---------------------- ---- Marie A. Marano H.BSc. , A.M.C.T. W. H. Stockwell Treasurer Chief Administrative Officer MAM/PP/wh U PART A CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of November 1993 REVISED FORMAT- CASH BASIS 1993 1992 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 956,560 827,973 UNCONDITIONAL GRANT GRANTS-IN-LIEU: ONTARIO HYDRO GRANT-IN-LIEU 1,665,986 L.C.B.O. GRANT-IN-LIEU 11,798 38,631 CANADA POST GRANT-IN-LIEU 31,795 SUBSIDIES: HANDI-TRANSIT SUBSIDY 13,145 MINISTRY OF TRANSPORTATION LOT LEVIES 141,898 DEVELOPMENT CHARGES-TOWN 93,673 REGION DEBENTURE RECOVERABLE 153,799 GENERAL 382,879 617,406 INTEREST 134,860 110,231 DEVELOPMENT CHARGES-REGION/PUC 414,373 3,987,622 1,607,386 ------------------------ USE OF FUNDS: PAYROLL 640,737 573,618 DEBENTURE.CHARGES 242,164 253,638 REGION LEVY SCHOOL BOARD LEVIES GENERAL-INCLUDING CAPITAL EXP. 1,724,224 1,873,224 ------------------------ 2,607,124 2,700,680 ------------------------ NET CASH PROVIDED (USED) 1,380,497 (1,093,294) BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: OCT 31/1993 (USED) NOV 30/1993 NOV 30/1992 GENERAL FUND 890,496 1,426,633 2,317,129 1,551,912 � RESERVE FUND 1,876,890 (1,084,384) 792,506 1,126,353 INVESTMENTS (GENERAL + RESERVE FUND) 27,356,411 1,038,248 28,394,659 26,632,983 ------------------------------------------------ 30,123,797 1,380,497 31,504,294 29,311,248 i NOTE: Prior years figures have been restated for comparative purposes. / 06 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of November 1993 REVISED FORMAT OCT. 31 PENALTIES & TAXES SUBTOTAL TAX TAX NOV. 30 NOV. 30 1993 INTEREST BILLED PAYMENTS ADNSTMENTS 1993 1992 RECEIVABLE ADDED * I 1 CURRENT YEAR ' TAXES 5,474,110 5,474,110 (673,922) (95,247) 4,704,940 1 4,237,488 1 PENALTY AND INTEREST 220,063 67,887 287,950 (38,284) (3,204) 246,462 1 215,459 1 1992 YEAR I I I TAXES 2,036,869 2,036,869 (94,077) (25,995)1 1,916,797 1 1,299,959 1 PENALTY AND INTEREST 311,430 25,953 337,383 (25,800) (4,736)1 306,847 i 211,256 1 > 1991 YEAR I I I H TAXES 669,567 669,567 - (38,427) .(121110)1 619,030 1 362,491 1 td PENALTY AND INTEREST 170,188 8,616 178,804 (12,491) (31119)1 163,194 1 97,573 i PRIOR I I I TAXES 269,152 269,152 (16,182) (204)1 252,766 1 177,423 1 PENALTY AND INTEREST 119,871 3,811 123,682 (6,578) (359)1 116,745 1 95,466 i ------------------------------------------------------------------------I ------------I ------------I 9,271,250 106,267 0 9,377,517 (905,760) (144,976)1 8,326,781 1 6,697,115 1 I I TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,907,516 i 52,725,990 1 PERCENT OF TOTAL TAXES OUTSTANDING 15.17$1 12.70%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) NOTE 2: Prior years figures have been restated for comparative purposes only. PART C STATISTICAL INFORMATION for the Month of November, 1993 Payment Received - Taxes 997 Tax Certificates Issued 460 Dog Licenses Issued 22 Burial Permit Issued 16 Accounts Payable Cheques Issued Manuals # 31635 to 31677 = 43 Computer # 30419 to 30827 = 409 PART D INVESTMENTS OUTSTANDING AS AT NOVEMBER 30, 1993 AMOUNT INTEREST TERMS DUE DATE RATE GENERAL FUND: a) CIBC 1,499,311 4 . 73 91D December 21st b) BNS 3,500,000 4 .55 78D December 15th c) BNS 1,986,840 4 .48 54D December 15th d) Royal 1,987,160 4 .45 53D December 14th e) BNS 3,000,000 3 .75 15D December 14th RESERVE FUND: a) CIBC 499,111 4 . 73 91D December 21st b) Montreal 2,978,070 4 .48 60D December 21st c) TD 996,050 4 .26 34D December 7th d) Royal 2,977,440 4 . 32 64D January 6th/94 e) CIBC 2,999,830 4 . 35 90D February 1st/94 f) CIBC 2,999,497 4 .24 33D December 7th g) Montreal 2,971,350 4 .29 82D January 25th/94 28,394,659 � U 9 PART E NOVEMBER 1993 DEVELOPMENT CHARGES Lot Total Levies Town Region P.U.C. Simkins Homes 12,248.00 2,974.00 1,966.00 7,308.00 --- Lot 35, C.3 Darlington B/P# 93.667 290572 Ontario Ltd. 47,545.00 27,509.51 18,185.49 1,850.00 --- Lot 35, C.3 Darlington 40M1742 B/P# 93.752 - 756 Martin Road Holdings 3,646.00 --- 3,646.00 --- --- 40M1686 B/P# 93.757 - 758 Eiram Dev. Corp. 1,110.00 --- --- 1,110.00 --- B/P #93.715 - 717 Fridel Ltd. 341,792.01 19,964.00 9,278.01 312,550.00 --- Lot 31, C.2 Darlington 40M1744 B/P# 93.637 - 649 B/P# 93.650 - 651 B/P# 93.660 - 661 Schickedanz Bros. 58,984.00 23,792.00 15,728.00 14,616.00 4,848.00 Pt. Lot 9,10, C.2 Bowmanville 1OM800 Armandale Homes 143.00 --- 143.00 --- --- Lot 28, C.2 Darlington 40M1675 B/P #93.884 290572 Ontario Ltd. 168,217.00 67,658.50 44,726.50 55,832.00 --- Lot 29, C.2 Darlington 40M1746 J. Teixeira 1,643.00 --- --- 1,643.00 --- Lot 24, C.6 Clarke B/P# 93.858 I NOVEMBER 1993 DEVELOPMENT CHARGES Lot Total Levies Town Region P.U.C. Halminen Homes 14,616.00 --- --- 14,616.00 --- B/P# 93.872 - 873 $649,944.01 $141,898.01 $93,673.00 $409,525.00 $ 4,848.00 NOVEMBER 1993 Road Contributions: Barmond Builders $ 5,037.67 Pt. Lot 9, C.1 Bowmanville 10R1040 (Bowmanville Mall) Cash-In-Lieu of Parkland: $25,500.00 Barmond Builders Pt. Lot 9, C.1 Bowmanville 10R1040 (Bowmanville Mall) i i