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Home My WebLink AboutTR-95-94 r. THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File # Date: November 21, 1994 Res. # C.)P V1 By-Law# Report##:_-M-91-94—-94- File #: Subject: CASH ACTIVITY REPORT - SEPTEMBER, 1994 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-95-94 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 September 30, 1994, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of September, 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 September 30, 1994 and the comparative information for the month ended . September 30, 1993. Z Z. arano,submitted, Reviewed by, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/pp i Attachments I 701 i Rv PEP RECYCLE THIS IS PR:NIEO M RECYCLED PAPER PART "A" CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of September 1994 CASH BASIS 1994 1993 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 9,479,611 9,814,369 GRANTS-IN-LIEU:-Note C ONTARIO HYDRO GIL 2,059,581 MUICIPAL TAX ASSISTANCE GRANT-IN-LIEU 39,175 MEMORIAL HOSPITAL GIL 9,000 BELL TELEPHONE GIL 188,701 228,715 REGION GIL 73,749 39,691 SUBSIDIES: MUN. AFFAIRS-WATERFRONT TRAIL 129,969 LOT LEVIES DEVELOPMENT CHARGES-TOWN-Note A 116,563 REGION DEBENTURE RECOVERABLE GENERAL 506,126 1,660,946 INTEREST 243,361 106,995 DEVELOPMENT CHARGES-REGION/PUC 202,326 13,039,161 11,859,716 ------------------------ USE OF FUNDS: PAYROLL 719,837 719,392 DEBENTURE CHARGES-NOTE B 58,923 REGION LEVY SCHOOL BOARD LEVIES 8,047,174 7,867,032 GENERAL-INCLUDING CAPITAL EXP. 2,761,377 2,669,047 ------------------------ 11,528,389 11,314,394 NET CASH PROVIDED (USED) 1,510,773 545,323 BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: AUG 31/1994 (USED) SEPT 30/1994SEPT 30/1993 GENERAL FUND 10,627 3,342,523 3,353,150 1,883,142 RESERVE FUND 27,646 87,329 114,975 83,139 INVESTMENTS (GENERAL + RESERVE FUND) 44,763,340 (1,919,079) 42,844,261 29,529,035 i 44,801,613 1,510,773 46,312,386 31,495,316 i NOTE: Prior years figures have been restated for comparative purposes. NOTE A: This does not tie into Part E due 'to timing differences since this schedule is.on a cash basis. NOTE B: These amounts were paid in October in 1994. NOTE C: These.Grants-in-lieu were received in November 1993- 'J({ CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of September 1994 AUGUST 31 PENALTIES & TAXES SUBTOTAL TAX TAX ( SEPT 30 SEPT 30 1994 INTEREST BILLED PAYMENTS ADJUSTMENTS 1994 - 1993 RECEIVABLE ADDED CURRENT YEAR ' I TAXES 1,003,475 14,285,948 15,289,423 (9,359,602) (12,046)1 5,917,775 1 6,451,592 1 PENALTY AND INTEREST 131,558 46,654 178,212 (22,777) (1,251) 154,184 1 177,508 I 1993 YEAR TAXES 2,430,366 2,430,366 (138,304) (7,204)1 2,284,858 1 2,146,496 1 PENALTY AND INTEREST 302,429 30,837 333,266 (28,741) (329)1 304,196 1 312,428 1 X992 YEAR I I I TAXES 1,084,566 1,084,566 (102,137) (171)1 982,258 1 743,986 1 PENALTY AND INTEREST 206,698 13,951 220,649 (24,216) (210)1 196,223 1 182,303 1 PRIOR I I I TAXES 527,638 527,638 (20,255) (1,573)1 505,810 1 329,811 1 PENALTY AND INTEREST 185,227 6,786 192,013 (4,393) 1 187,620 1 131,974 ----------------------------------------------------------------------------I --------------I --------------I 5,871,957 98,228 14,285,948 20,256,132 (9,700,424) (22,784)1 10,532,925 1 10,476,099 1 __o_________________________________________________________________________I _=o_=_________1 -------------- I I TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,804,858 I 53,760,278 �d PERCENT OF CURRENT TAXES OUTSTANDING 10.80%1 12.00%I y *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) PART "C" STATISTICAL INFORMATION FOR THE MONTH OF SEPTEMBER, 1994 Payment Received - Taxes 12,068 Tax Certificates 304 Burial Permits Issued 24 Births Registered 17 Accounts Payable Cheques Issued Manuals # 31980 to 32011 32 Computer # 35603 to 36048 446 i I 04 i PART "D" INVESTMENTS OUTSTANDING AS AT SEPTEMBER 30, 1994 AMOUNT INTEREST TERMS DUE DATE RATE GENERAL FUND: a) TD 1,479,120 5.60 92D Dec 1/94 c b) Montreal 1,492,665 5.26 34D Oct 5/94 c) Montreal 1,183,476 5.54 92D Dec 15/94 d) DNS 2,967,450 5.20 77D Dec 9/94 e) DNS 3,000,000 5.15 70D Dec 15/94 f) Royal 999,000 4.80 7D Oct 7/94 g) Royal 499,540 4.80 7D Oct 7/94 RESERVE FUND: a) Royal 3,246,573 6.53 92D Oct 5/94 b) Montreal 689,276 6.31 90D Oct 6/94 c) Montreal 590,946 6.08 92D Oct 14/94 d) CIBC 2,399,376 6.02 9OD Oct 17/94 ` e) DNS 985,780 5.85 9OD Oct 25/94 f) DNS 2,500,000 5.65 90D Oct 31/94 g) Royal 2,600,000 5.75 12OD Nov 30/94 h) DNS 1,974,340 5.58 85D Nov 2/94 i) CIBC 1,899,800 7.28 401D Sept 15/95 J) CIBC 399,442 7.30 395D Sept 15/95 k) Montreal 2,960,490 5.60 07D Nov 17/94 I 1) Montreal 2,959,650 5.47 91D Nov 25/94 m) Royal 2,535,219 6.59 360D Aug 24/95 n) TD 375,060 6.78 350D Aug 24/95 o) TD 2,340,650 7.00 351D Aug 24/95 P) CIBC 887,068 5.48 91D Dec 15/94 q) Royal 1,878,460 6.69 353D Sept 7/95 ______________ 42,844,261 c 705 PART "E" SEPTEMBER 1994 Development Charges Total T Lot Levies Town Region I C.H.E.C. Kiddicorp Investments 33,124.00 --- 29,498.00 --- 3,626.00 40M1741 L.14, C.1 Bowmanville B/P#94.814-820 Marianna Dev. 73,176.00 --- 29,640.00 39,900.00 3,636.00 IOR13850 Pt. L.8, C.1 Bowmanville B/P#92.1025-1030 290572 Ontario Ltd. 5,310.00 --- 4,940.00 370.00 --- 40M1742 L.35, C.3 Darlington B/P#94.834 A. Checchia 24,496.00 --- 9,880.00 14,616.00 --- LD181/92 & 123/93 L.35, C.3 Darlington B/P#94.875-876 757001 Ontario Ltd. 12,350.00 --- 12,350.00 --- --- 40MI785 Pt. L.32, C.3 Darlington C. Kelly 6,583.00 --- 4,940.00 1,643.00 --- LD12/94 Lot 20, C.5 Clarke B/P#94.870 Wilmot Creek 615.00 --- 615.00 --- --- L.136 B/P#94.900 Lord Elgin Bldg. 24,392.00 --- 9,880.00 13,300.00 1,212.00 40M1764 L.9, C.1 Bowmanville B/P#94.732-733 Veenstra Construction 6,583.00 --- 4,940.00 1,643.00 --- LD402/88 L.15, C.3 Clarke B/P#94.879 Fridel Ltd. 17,188.00 --- 9,880.00 7,308.00 --- LD135 & 136/94 Pt. L.35, C.2 Darlington 706 i PART "E" (continued) SEPTEMBER 1994 Development Charges Total Lot Levies Town Region C.H.E.C. 290572 Ontario Ltd. 13,300.00 --- --- 13,300.00 --- 40M1779 L.29, C.2 Darlington B/P#94.860-861 D'Angelo Bros. 46,550.00 --- --- 46,550.00 --- 40M1741 L.14, C.1 Bowmanville B/P#94.814-820 D. Thomas 2,022.00 --- --- 2,022.00 --- 40M1709 B/P#94.851-856 290572 Ontario Ltd. 53,200.00 --- --- 53,200.00 --- B/P#94.904-911 TOTALS 318,889.00 --- 116,563.00 193,852.00 8,474.00 707 i PART "E" SEPTEMBER 1994 A) Contributions - Cash-In-Lieu of Parkland J & G Matthews $ 4,200.00 LD186/93 Pt.L.24, BFC Clarke Stutts Pharmacy 1,580.00 DEV94-001 Pt.L.11, C.1 Bowmanville F. Steckan 1,500.00 LD207/94 Lot 9, C.5 Clarke D. Humphrey 1,200.00 Lot 28, C.3 Clarke Fridel Ltd. 1,557.22 40R-15609 LD135 & 136/94 Foxhunt Trail Total $10,037.22 B) Contributions - Engineering & Inspection Fees Region of Durham $ 7,063.86 Local storm sewers fees Martin Road Holdings 15,408.11 Aspen Springs Phase 3 18T-88046 757001 Ontario Ltd. 6,555.02 Timberlane Court Phase 2 Total $29,026.99 ( 08 I