HomeMy WebLinkAboutTR-98-94 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
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REPORT
Meeting: ENERAL PURPOSE AND ADMINISTRATION COMMITTEE
9' File#
Date: November 21, 1994 Res. # -) `%`
Report#: By-Law#
K� TR 98 94 File#: �._,.�
Subject: CASH ACTIVITY REPORT - OCTOBER, 1994
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-98-94 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 October 31, 1994,
is as shown on the attached schedule; and
3. THAT Part "A" of the expenditures for the month of October, 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 October 31, 1994 and the comparative information for the month ended
October 31, 1993.
Respectful s omitted, Reviewed by,
Mari'e'A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
MM/NT/pp
Attachments
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CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Analysis of Revenue and Expenditures
PART "A"
for the Month of October 1994
CASH BASIS
1994 1993
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED 1,585,133 1,645,637
UNCONDITIONAL GRANT 101,834 217,625
GRANTS-IN-LIEU: NOTE A
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
ONTARIO HYDRO PROCEEDS 110,000
LOT LEVIES 259,292
DEVELOPMENT CHARGES-TOWN 51,870 161,529
REGION DEBENTURE RECOVERABLE 26,910
GENERAL 613,226 520,129
INTEREST 181,274 83,824
DEVELOPMENT CHARGES-REGION/PUC 165,779 330,521
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2,809,116 3,607,958
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USE OF FUNDS:
PAYROLL 711,802 655,628
DEBENTURE CHARGES 244,118 262,773
REGION LEVY 2,577,076 2,625,441
SCHOOL BOARD LEVIES
GENERAL-INCLUDING CAPITAL EXP. 2,409,658 1,435,635
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5,942,652 4,979,477
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NET CASH PROVIDED (USED) (3,133,537) (1,371,519)
BANK NET CASH BANK BANK
BALANCE PROVIDED BALANCE BALANCE
FINANCIAL POSITION: SEPT 30/1994(USED) OCT 31/1994 OCT 31/1993
GENERAL FUND 3,353,150 (2,246,592) 1,106,558 890,496
RESERVE FUND 114,975 (38,802) 76,173 1,876,890
INVESTMENTS (GENERAL + RESERVE FUND) 42,844,261 (848,143) 41,996,118 27,356,411
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46,312,386 (3,133,537) 43,178,849 30,123,797
NOTE: Prior years figures have been restated for comparative purposes.
NOTE A: These amounts were received in September in 1994.
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CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Continuity of Taxes Receivable
for the month of October 1994
SEPT. 30 PENALTIES & TAXES SUBTOTAL TAX TAX OCT. 31 1 OCT. 31 1
1994 INTEREST BILLED PAYMENTS ADJUSTMENTS 1994 1 1993
RECEIVABLE ADDED
CURRENT YEAR
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TAXES 5,917,775 187,038 6,104,813 (1,177,283) (3,964)1 4,923,566 1 5,474,110 1
PENALTY AND INTEREST 154,184 73,866 228,050 (37,869) (1,487)1 188,694 ; 220,063 1
1993 YEAR i
TAXES 2,284,858 2,284,858 (89,987) (3,029)1 2,191,842 1 2,036,869 1
PENALTY AND INTEREST 304,196 29,093 333,289 (23,719) (370)1 309,200 1 311,430 1
1992 YEAR 1
TAXES 982,258 982,258 (55,041) ; 927,217 1 669,567 1
PENALTY AND INTEREST 196,223 12,637 208,860 (21,139)
1 187,722 1 170,188 1
PRIOR
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TAXES 505,810 505,810 (27,048) (1,109)1 477,653 ; 269,152
PENALTY AND INTEREST 187,620 6,514 194,134 (10,260) (202)1 183,672 1 119,871 1
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10,532,924 122,110 187,038 10,842,072 (1,442,345) (10,161)1 9,389,566 1 9,271,250 1
TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,804,858 1 53,760,278 1
PERCENT OF CURRENT TAXES OUTSTANDING 8.98%1 10.18$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.
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PART "C"
STATISTICAL INFORMATION
FOR THE MONTH OF OCTOBER, 1994
Payment Received - Taxes 1,854
Tax Certificates 486
Accounts Payable Cheques Issued
Manuals # 32012 to 32055 44
Computer' # 36049 to 36601 553
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INVESTMENTS OUTSTANDING
AS AT OCTOBER 31, 1994 PART "D"
AMOUNT INTEREST TERMS DUE DATE
RATE
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) ENS 3,000,000 5.15 78D Dec 15/94
e) RBC 626,543 5.15 73D Dec 15/94
f) RBC 2,000,000 6.00 34D Nov 8/94
RESERVE FUND:
a) Royal 2,600,000 5.75 120D Nov 30/94
b) ENS 1,974,340 5.58 85D Nov 2/94
C) CIBC 1,899,800 7.28 401D Sept 15/95
d) CIBC 399,442 7.30 395D Sept 15/95
e) Montreal 2,960,490 5.60 87D Nov 17/94
f) Montreal 2,959,650 5.47 91D Nov 25/94
g) Royal 2,535,219 6.59 360D Aug 24/95
b) TD 375,060 6.78 358D Aug 24/95
i) TD 2,340,650 7.08 351D Aug 24/95
J) CIBC 887,868 5.48 91D Dec 15/94
k) Royal 1,878,460 6.69 353D Sept 7/95
1) Montreal 3,201,372 6.70 338D Sept 8/95
m) Montreal 888,093 5.50 89D Jan 3/95 j
n) TD 2,399,239 7.53 446D Jan 8/96
o) RBC 740,000 7.40 474D Feb 7/96
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p) TD 2,699,846 6.23 213D June 1/95
41,996,118
PART "E"
OCTOBER 1994
Development Charges
Total Lot Levies Town Region C.H.E.C. i
Rossert Taunus 12,350 --- 12,350 --- ---
1OM793
L.15, C.3
Darlington
757001 Ont. Ltd. 1,643 --- --- 1,643
40M1785
L.32, C.3
Darlington
B/P#94.877
Jeffery Homes 81,788 --- 34,580 47,208 ---
40M1779
L.29, C.2
Darlington
Fridel Ltd. 14,616 --- --- 14,616 ---
L.35, C.2
Darlington
B/P#94.939 & 940
Eiram Dev. 73,080 --- --- 73,080 ---
40M1776
L.10, C.3
Bowmanville
B/P#94.933 to 938
G. Herron 12,248 --- 4,940 7,308
LD265/94
L.33, C.2
Darlington
B/P#94.967
Martin Rd. Holdings 21,924 --- --- 21,924 ---
40M1735
L.15, C.1
Bowmanville
B/P#94.1007 to 1009
TOTALS 217,649 --- 51,870 165,779
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PART "E"
OCTOBER 1994
Contributions - Cash-In-Lieu of Parkland
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F & G Longo $ 2,400.00
40M1740
Barrington Place
G. West 4,150.00
L.33, C.2
Darlington
Total $ 6,550.00
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