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Home My WebLink AboutTR-6-94 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File #% 0 ) >L Date: February 21, 1994 Res. #CIA-0 (4- �� — By-La Report#:__TR-67_9A_ File#: w# — Subject: CASH ACTIVITY REPORT - OCTOBER, 1993 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-6-94 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 October 31, 1993, is as shown on the attached schedule; and 3 . That Part A of the expenditures for the month of October, 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 October 31, 1993 and the comparative information for the month ended October 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 7 01 TR-6-94 Page 2 Respectfully submitted, and Recommended for presentation to the Committee — ie A. Marano H.BSc . , A.M.C.T. Treasurer/Acting Chief Administrative Officer MAM/NT/hj PART A CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of October 1993 REVISED FORMAT- CASH BASIS 1993 1992 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 1,645,637 1,436,957 UNCONDITIONAL GRANT 217,625 GRANTS-IN-LIEU: FINAL TELEPHONE GRANT-IN-LIEU 228,715 MUNICIPAL TAX ASSISTANCE GRANT 38,078 REGION GRANT-IN-LIEU 73,938 SUBSIDIES: HANDI-TRANSIT SUBSIDY 21,760 MINISTRY OF TRANSPORTATION LOT LEVIES 259,292 26,766 DEVELOPMENT CHARGES-TOWN 161,529 34,637 REGION DEBENTURE RECOVERABLE 26,910 25,750 GENERAL 520,129 2,168,800 INTEREST 83,824 133,094 DEVELOPMENT CHARGES-REGION/PUC 330,521 23,549 ------------------------ 3,607,958 3,849,553 ------------------------ USE OF FUNDS: PAYROLL 655,628 490,700 DEBENTURE CHARGES 262,773 REGION LEVY 2,625,441 2,597,531 SCHOOL BOARD LEVIES GENERAL-INCLUDING CAPITAL EXP. 1,435,635 2,406,309 ------------------------ 4,979,477 5,494,540 ------------------------ NET CASH PROVIDED (USED) (1,371,519) (1,644,987) BANK NET CASH BANK. BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: SEPT 30/1993(USED) OCT 31/1993 OCT 31/1992 GENERAL FUND 1,883,142 (992,646) 890,496 1,820,893 RESERVE FUND 83,139 1,793,751 1,876,890 2,038,562 INVESTMENTS (GENERAL + RESERVE FUND) 29,529,035 (2,172,624) 27,356,411 26,579,467 31,495,316 (1,371,519) 30,123,797 30,438,922 NOTE: Prior years figures have been restated for comparative purposes( / 03 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of October 1993 REVISED FORMAT SEPT. 30 PENALTIES & TAXES SUBTOTAL TAX TAX OCT. 31 OCT. 31 1993 INTEREST BILLED PAYMENTS ADJUSTMENTS 1993 1992 RECEIVABLE ADDED CURRENT YEAR _ TAXES 6,451,592 93,534 6,545,126 (1,070,156) (860)1 5,474,110 4,686,840 PENALTY AND INTEREST 177,508 79,030 256,539 (35,948) (528)1 220,063 192,227 1992 YEAR TAXES 2,146,496 2,146,496 (108,845) (782)1 2,036,869 1,398,071 PENALTY AND INTEREST 312,428 27,517 339,945 (28,381) (134)1 311,430 ( 212,042 1991 YEAR TAXES 743,986 ' I b 743,986 (73,209) (11209) 669,567 406,016 PENALTY AND INTEREST 182,303 9,565 191,868 (21,431) (250)1 170,188 101,173 ( H PRIOR TAXES 329,811 329,811 (60,533) (126) 269,152 191,197 PENALTY AND INTEREST 131,974 4,569 136,543 (16,944) 272 119,871 98,276 - -----------------------------------------'---------------------------- ------------ ------------ 10,476,099 120,681 93,534 10,690,313 (1,415,446) (3,617) 9,271,250 7,285,842 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,907,516 52,725,990 PERCENT OF TOTAL TAXES OUTSTANDING 16.89$1 13.828 *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 (is. 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 October, 1993 Payment Received - Taxes 1,603 - Other --- Tax Certificates Issued 396 Dog Licenses Issued 16 Burial Permit Issued 26 Accounts Payable Cheques Issued Manuals # 31606 to 31634 = 29 Computer # 30010 to 30418 = 409 /05 PART D INVESTMENTS OUTSTANDING AS AT OCTOBER 31, 1993 AMOUNT INTEREST TERMS DUE DATE RATE GENERAL FUND: a) Montreal 495,525 3 . 97 83D November 1st b) CIBC 11499, 311 4 .73 91D December 21st c) BNS 3,500,000 4 .55 78D December 15th d) Royal 2,977,350 4 .55 61D November 30th e) BNS 1,986,840 4 .48 54D December 15th f) Royal 1,987, 160 4 .45 53D December 14th RESERVE FUND: -------------- -------------- a) Montreal 495,525 3 . 97 83D November lst b) CIBC 2,999,999 3. 96 83D November lst c) BNS 1,980,540 4 . 03 89D November 2nd d) TD 2,970, 150 4 . 03 91D November 4th e) Montreal 2,986,830 4 . 35 37D November 4th f) CIBC 499, 111 4 . 73 91D December 21st g) Montreal 2,978,070 4 .48 60D December 21st 27,356,411 i / 06 PART E Corporation of the Municipality of Clarington October 1993 DEVELOPMENT CHARGES NAME TOTAL LOT LEVIES TOWN REGION P.U.C. ------------------------------------------------------------------------------------- Eiram Dev. Corp. 2,022.00 2,022.00 40M1723 Pt. Lt. 9, C.2 Bowmanville Andelwood Homes 24,496.00 5,948.00 3,932.00 14,616.00 40M1740 B/P 93.551,705,832 Martin Road Holdings 299,250.00 299,250.00 40M1734 B/P 93.530-545, 553-581 921395 Ont. Ltd. 160.00 143.00 17.00 40M1688 B/P 93.672 J. Breen 7,308.00 7,308.00 40M174O B/P 93.705 Kaitlin Group 7,308.00 7,308.00 40M1734 B/P 93.793 Fridel Ltd. 187,984.50 117,370.50 70,614.00 Pt. Lt. 31, C.2 Darlington 18T-90035 528,528.50 * 123,318.50 * 74,689.00 330,504.00 17.00 *NOTE: These figures do not tie into Part A due to timing differences since Part A is on a cash basis (ie difference due to outstanding deposits at month end) � 0 � Corporation of the Municipality of Clariogtou October 1993 Contributions - Roads: Simkins Homes 3,453.89 Pt. Lot 35, C.3 LD173-175/93 =============== Darlington Cash-In-Lieu of Parkland: Aodelwood Homes 1,712.50 Pt. Lt. 31, C.2 Lm105/93 Darlington Fred Simkins 1,213.04 Pt. Lt, 35, C.3 LD173-175/93 Darlington 931863 Out. Ltd, 1,800.00 Pt, Lt, 11, O.1 --------------- 8ovmnaoville 4,735.54 / 0Q / j [)