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Home My WebLink AboutTR-85-94 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE ,- Meeting: File # L14 Date: October 3, 1994 Res. # Report#:_411-85-94-� File#: By-Law# Subject: CASH ACTIVITY REPORT - AUGUST, 1994 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-85-94 be received; I 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 August 31, 1994, is as shown on the attached schedule; and I 3. THAT Part "A" of the expenditures for the month of August, 1994, be confirmed. I BACKGROUND AND COMMENT: I 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 August 31, 1994 and the comparative information for the month ended August 31, 1993. i Respeetf submitted, Reviewed by, e A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/pp Attachments I 718 RECYCLED PAPER ICI W6 6 PREMED M RECYCLED PAPER PART "A" CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of August 1994 CASH BASIS 1994 1993 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 1,243,466 905,571 UNCONDITIONAL GRANT-Note B 101,801 GRANTS-IN-LIEU:-Note C MINISTRY OF HOUSING GRANT-IN-LIEU 39,444 MEMORIAL HOSPITAL GIL 9,000 ONTARIO HYDRO PROCEEDS SUBSIDIES: HANDI-TRANSIT SUBSIDY-Note B 9,727 MINISTRY OF TRANSPORTATION LOT LEVIES DEVELOPMENT CHARGES-TOWN-Note A 737,957 REGION DEBENTURE RECOVERABLE GENERAL 461,986 525,528 INTEREST 336,764 126,781 DEVELOPMENT CHARGES-REGION/PUC 599,178 ------------------------ 3,539,322 1,557,880 ------------------------ USE OF FUNDS: PAYROLL 720,306 759,494 DEBENTURE CHARGES 1,311 1,311 REGION LEVY 2,577,076 2,625,441 SCHOOL BOARD LEVIES GENERAL-INCLUDING CAPITAL EXP. 1,867,193 1,082,477 5,165,885 4,468,723 ---------------------- NET CASH PROVIDED (USED) (1,626,563) (2,910,843) BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: JULY 31/1994(USED) AUG 31/1994 AUG 31/1993 GENERAL FUND 763,208 (752,581) 10,627 1,258,096 RESERVE FUND 99,470 (71,824) 27,646 411,577 INVESTMENTS (GENERAL + RESERVE FUND) 45,565,498 (802,158) 44,763,340 29,978,563 ------------------------------------------------ 46,428,176 (1,626,563) 44,801,613 31,648,236 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 received in October in 1993. NOTE C: These Grants-in-lieu were received in September 1993. //-7 I CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of August 1994 JULY 31 PENALTIES & TAXES SUBTOTAL TAX TAX AUG 31 AUG 31 1994 INTEREST BILLED PAYMENTS ADJUSTMENTS 1994 ( 1993 RECEIVABLE ADDED CURRENT YEAR TAXES 1,731,087 197,392 1,928,479 (910,669) (14,335) 1,003,475 1,271,242 PENALTY AND INTEREST 108,491 51,954 160,445 (28,368) (519)1 131,558 156,939 1993 YEAR I I I TAXES 2,573,247 2,573,247 (138,902) (3,979)1 2,430,366 1 2,276,972 1 PENALTY AND INTEREST 304,296 32,667 336,963 (34,662) 128 1 302,429 1 315,153 1 1992 YEAR I I I TAXES 1,157,590 1,157,590 (73,024) 1 1,084,566 1 778,294 1 PENALTY AND INTEREST 214,443 14,829 229,272 (22,573) (1)1 206,698 1 182,625 1 PRIOR I TAXES 561,183 561,183 (33,546) 1 1 527,638 1 337,250 1 PENALTY AND INTEREST 188,108 7,206 195,314 (10,087) 1 1 185,227 1 133,594 --°---------------- --------------------------------------------------------I --------------I --------------I 6,838,445 106,655 197,392 7,142,492 (1,251,831) (18,705)1 5,871,956 1 5,452,070 1 s=.=a=.===aa.==...z=..:.: __:________________====.a==.=====a=�a:=====I I I TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,951,500 1 54,509,237 1 PERCENT OF CURRENT TAXES OUTSTANDING 1.83$1 2.33$1 *Includes refunds, write-offs, 496'8, 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) a z H to PART "C" STATISTICAL INFORMATION FOR THE MONTH OF AUGUST, 1994 Payment Received - Taxes 1,488 Tax Certificates 646 Burial Permits Issued 28 Accounts Payable Cheques Issued Manuals # 31949 to 31979 31 Computer # 35202 to 35602 401 721 PART "D" INVESTMENTS OUTSTANDING AS AT AUGUST 31, 1994 AMOUNT INTEREST TERMS DUE DATE RATE GENERAL FUNDi a) ENS 2,951,010 6.66 91D Sept 23/94 b) Montreal 1,967,080 6.57 93D Sept 30/94 a) TD 1,476,045 6.44 92D Sept 30/94 d) Royal 1,971,000 6.32 85D Sept 30/94 e) Montreal 497,825 5.50 29D Sept 1/94 f) Royal 995,790 5.51 28D Sept 1/94 ' g) Montreal 994,700 5.40 36D Sept 14/94 h) ENS 1,000,000 5.00 23D Sept 8/94 i) TD 1,479,120 5.60 92D Dec 1/94 RESERVE FUND: a) TD 2,954,340 6.13 97.D Sept 6/94 b) Royal 196,948 6.08 93D Sept 15/94 c) Royal 1,966,900 6.75 91D Sept 19/94 d) TD 196,b3O 6.00 92D Sept 27/94 a) Royal 3,246,573 6.53 92D Oct 5/94 f) Montreal 609,276 6.31 90D Oct 6/94 g) Montreal 590,946 6.08 92D Oct 14/94 h) CIBC 2,399,376 6.02 90D Oct 17/94 i) BNS 985,760 5.85 90D Oct 25/94 J) ENS 2,500,000 5.65 90D Oct 31/94 k) Royal 2,600,000 5.75 120D Nov 30/94 1) ENS 1,974,340 5.50 85D Nov 2/94 M) CIBC 1,899,000 7.28 401D Sept 15/95 n) CIBC 399,442 7.30 395D Sept 15/95 0) Montreal 2,960,490 5.60 87D Nov 17/94 p) Montreal 2,959,650 5.47 91D Nov 25/94 q) Royal 2,535,219 6.59 360D Aug 24/95 r) TD 375,060 6.78 358D Aug 24/95 I 44,763,340 722 PART "E° AUGUST 1994 Development Charges Total Lot Levies Town Region C.H.E.C. Kiddicorp Invest. 24,496.00 --- 9,880.00 14,616.00 --- LD76/93 B/P#94.374 & 375 Martin Rd. Holdings 14,616.00 --- --- 14,616.00 --- 40M1734 L.15, C.1 Bowmanville B/P#94.707 & 708 Lord Elgin Estates 363,973.54 --- 146,293.54 199,500.00 18,180.00 40M1764 L.12, C.2 Bowmanville Kiddicorp Invest. 47,320.00 --- 47,320.00 --- --- 40M1741 L.14, C.1 Bowmanville Kiddicorp Invest. 12,163.65 --- 4,855.65 7,308.00 --- 40M1755 L.29, C.2 Darlington B/P#94.788 Simkins Homes 6,583.00 --- 4,940.00 1,643.00 --- LD163/93 L.31, C.4 Darlington B/P#94.713 290572 Ont. Ltd. 117,216.00 --- 49,400.00 67,816.00 --- 40M1746 L.29, C.2 Darlington B/P#94.778 to 782 708545 Ont. Ltd. 123,500.00 --- 123,500.00 --- --- 40M1709 L.31, C.2 Darlington Penwest Dev. 1,110.00 --- --- 1,110.00 --- 40M1770 L.9, C.1 Bowmanville B/P#94.710 to 712 921395 Ont. 66,500.00 --- --- 66,500.00 --- 40M1741 L.14, C.1 Bowmanville Eiram Dev. 282,441.50 --- 171,665.00 89,718.00 21,058.50 40M1776 L.10, C.3 Bowmanville I 723 PART "E" (continued) AUGUST 1994 Development Charges Total Lot Levies Town Region C.H.E.C. 290572 Ont. Ltd. 96,995.00 --- 70,395.00 26,600.00 --- 40M1779 L.29, C.2 Darlington Grandmaster Bldg. 674.00 --- --- 674.00 --- B/P#94.752 & 753 Kaitlin Group 12,248.00 --- 4,940.00 7,308.00 --- 40M1734 L.16, C.1 Bowmanville B/P#94.796 & 848 Fridel Ltd. 4,940.00 --- 4,940.00 --- --- LD134/94 Pt.L.35, C.2 Darlington TOTALS 1,174,776.69 --- 638,129.19 497,409.00 39,238.50 I i 724 PART "E" AUGUST 1994 Contributions - Cash-In-Lieu of Parkland Simkins Homes $ 4,500.00 Pt. L.31, C.4 Darlington All Service Towing 660.00 Lot 9, BFC Bowmanville John D. Thomas 2,239.75 LD52/91 Pt. L.18, C.5 Darlington David B. Thomas 4,000.00 LD65/94 Pt. L.35, C.3 Darlington N & M Egli 4,500.00 Pt. L.31, C.4 Darlington R. Snowden 8,550.00 Pt. L.22, C.3 40R-15539 Darlington Fridel Ltd. 778.61 Pt. L.35, C.2 LD134/94 Darlington Total $25,228.36 I i I