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Home My WebLink AboutTR-80-94 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON Xf��i� r � � • �X REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE �>�C�3C, H Meeting: File# 1� - Date: September 6, 1994 Res. #.C,�?t� ' f�'" ?q Report#:__TR- 0_-94 File #: By-Law# Subject: CASH ACTIVITY REPORT - JULY, 1994 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-80-94 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 July 31, 1994, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of July, 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 July 31, 1994 and the comparative information for the month ended July 31, 1993. Respectful"l bmitted, Reviewed by, arie A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/pp Attachments i 743 RECYCLED PG a • PAPER RECYCLE THIS 6 PFEtMDC RECYCLED PAPER PART "A" CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of July 1994 CASH BASIS 1994 1993 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 2,390,963 1,149,491 UNCONDITIONAL GRANT GRANTS-IN-LIEU: BELL CANADA GRANT-IN-LIEU-note C 188,701 MUNICIPAL TAX ASSISTANCE ONTARIO HYDRO PROCEEDS 100,000 SUBSIDIES: HANDI-TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION 729,100 751,000 LOT LEVIES DEVELOPMENT CHARGES-TOWN 223,515 REGION DEBENTURE RECOVERABLE GENERAL 1,458,450 857,363 INTEREST 152,232 76,170 DEVELOPMENT CHARGES-REGION/PUC 223,422 ------------------------ 5,466,383 2,834,024 ------------------------ USE OF FUNDS: PAYROLL-note A 730,045 1,012,292 DEBENTURE CHARGES REGION LEVY SCHOOL BOARD LEVIES-note B 1,005,410 GENERAL-INCLUDING CAPITAL EXP. 2,732,793 721,312 ------------------------ 4,468,248 1,733,604 NET CASH PROVIDED (USED) 998,135 1,100,420 BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: JUNE 30/1994(USED) JULY 31/1994JULY 31/1993 GENERAL FUND 1,319,485 (556,278) 763,208 1,529,431 RESERVE FUND 133,087 (33,617) 99,470 1,475,005 INVESTMENTS (GENERAL + RESERVE FUND) 43,977,469 1,588,030 45,565,499 30,035,523 ------------------�------- --- --------------- - 45,430,042 998,135 46,428,177 33,039,958 NOTE: Prior years figures have been restated for comparative purposes. NOTE A: Sick credit buyout of $280,000 occurred in July 1993 NOTE B: Separate School levies cheque of $1,005,410 did not clear bank until July, 1994 NOTE C: Bell Canada Grant received in September 1993 X44 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of July 1994 JUNE 30 PENALTIES & TAXES SUBTOTAL TAX TAX JULY 31 JULY 31 1994 INTEREST BILLED PAYMENTS ADJUSTMENTS 1994 1993 RECEIVABLE ADDED CURRENT YEAR TAXES 2,203,087 251,587 2,454,674 (670,070) (531517) 1,731,087 1 1,878,140 PENALTY AND INTEREST 67,454 59,158 126,612 (17,855) (267)1 108,491 1 119,820 1993 YEAR I TAXES 2,665,871 2,665,871 (91,506) (1,118) 2,573,247 1 2,387,660 PENALTY AND INTEREST 293,884 33,830 327,714 (23,194) (224)1 304,296 1 119,505 1 1992 YEAR TAXES 1,234,177 1,234,177 (75,680) (907)1 1,157,590 1 832,466 PENALTY AND INTEREST 223,126 15,807 238,933 (20,244) (4,246) 214,443 ( 129,801 PRIOR TAXES 555,543 555,543 (22,153) 27,793 1 561,183 1 345,934 PENALTY AND INTEREST 192,142 7,548 199,690 (10,406) (1,176) 188,108 1 106,160 1 ----------------------------------------------------------------------------I --------------I --------------� 3' 7,435,284 116,344 251,587 7,803,215 (931,107) (33,662) 6,838,445 ( 5,919,486 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,951,500 54,509,237 PERCENT OF CURRENT TAXES OUTSTANDING 3.15%] 3.45% *Includes refunds, write-offs, 496'x, etc. NOTE 1: Tax payments do not tie into Part A due to timing differences r1y since Part A is on a cash basis (ie. difference due to outstanding deposits) y H PART "C" STATISTICAL INFORMATION FOR THE MONTH OF JUNE, 1994 i Payment Received - Taxes 1,160 Tax Certificates 635 Burial Permits Issued 35 Accounts Payable Cheques Issued Manuals # 31913 to 31948 36 Computer # 34758 to 35201 444 I 7 4 6 ..R PART "D" INVESTMENTS OUTSTANDING AS AT JULY 31, 1994 AMOUNT INTEREST TERMS DUE DATE RATE GENERAL FUND: a) DNS 1,500,000 6.45 69D Aug 31/94 b) BNS 1,000,000 6.30 60D Aug 31/94 c) BNS 2,951,010 6.66 91D Sept 23/94 d) BNS 1,982,560 6.42 50D Aug 16/94 e) Montreal 1,967,080 6.57 93D Sept 30/94 f) TO 1,476,045 6.44 92D Sept 30/94 g) Royal 1,971,000 6.32 85D Sept 30/94 h) Royal 498,995 5.65 13D Aug 3/94 i) Royal 997,840 5.65 14D Aug 4/94 J) Montreal 998,210 5.45 12D Aug 8/94 RESERVE FUND: a) Montreal 2,937,540 5.28 147D August 22/94 b) BNS 2,462,275 6.08 92D Aug 2/94 C) CIBC 2,499,828 6.06 92D Aug 2/94 d) CIBC 399,447 6.44 93D Aug 12/94 a) Montreal 1,675,129 6.23 87D Aug 11/94 f) CIBC 1,999,385 6.22 04D Aug 9/94 g) Montreal 1,969,340 6.11 93D Aug 25/94 h) Royal 984,720 6.09 93D Aug 25/94 i) TD 393,976 6.20 90D Aug 24/94 J) TD 904,870 6.23 90D Aug 29/94 k) BNS 609,479 6.33 BBD Aug 29/94 1) TD 2,954,340 6.13 92D Sept 6/94 M) Royal 196,948 6.08 93D Sept 15/94 n) Royal 1,966,9n0 6.75 91D Sept 19/94 o) TD 196,630 6.80 92D Sept 27/94 p) Royal 3,246,573 6.53 92D Oct 5/94 q) Montreal 689,276 6.31 90D Oct 6/94 r) Montreal 590,946 6.08 92D Oct 14/94 e) CIBC 2,399,376 6.02 90D Oct 17/94 t) BNS 905,780 5.85 90D Oct 25/94 l: �` /` 45,565,499 74 i PART "E" JULY 1994 Development Charges Total Lot Levies Town Region C.H.E.C. C.N. Klaus 6,583.00 --- 4,940.00 1,643.00 --- L.17, C.1 Clarke 40M1742 B/P#94.580 Lord Elgin Homes 196,532.00 --- 87,500.00 109,032.00 --- L12, C.2 40M1764 Lots 14,18,19,22 L&R, Bowmanville B/P#94.505-512 B/P#94.0653-0660 J. Vaneyk 1,643.00 --- --- 1,643.00 --- B/P#94.564 Kaitlin Group 7,308.52 --- --- 7,308.00 --- L.16, C.1 Bowmanville 40M1734 B/P#94.445 Eiram Dev. 102,524.00 --- 99,828.00 2,696.00 --- L.10, C.3 Bowmanville 40M1723 B/P#94.566 and 567 B/P#94.0611 & 0612 290572 Ont. Ltd. 59,924.00 --- 24,700.00 35,224.00 --- L.29, C.2 Darlington 40M1746 B/P#94.603-605 Rossert-Taunus 12,350.00 --- 12,350.00 --- --- L.15, C.3 Darlington 10M793 290572 Ont. Ltd. 10,620.00 --- 9,880.00 740.00 --- L.35, C.3 Darlington 40M1742 B/P#94.575 & 576 Kiddicorp Invest. 89,322.11 --- 36,122.11 53,200.00 --- L.30, C.2 Darlington 40M1761 B/P#94.456-463 Grandmaster Bldg. 674.00 --- --- 674.00 --- 40M1709 B/P#94-595 & 596 748, PART "E" - Page 2 Development Charges Kiddicorp Invest. 23,011.30 --- 9,711.30 13,300 L.29, C.2 --- Darlington 40M1755 B/P#94.677 & 678 D'Angelo Bros. 56,910.00 --- 23,660.00 33,250.00 --- L.14, C.1 Bowmanville 40M1741 B/P#94.667-671 Kiddicorp Invest. 23,011.30 --- 9,711.30 13,300.00 -- 40M1754 - L.30, C.2 Darlington B/P#94.598 & 599 A. Cheechia 12,248.00 --- 4,940.00 7,308.00 --- 40R-14182 B/P#94.554 J. Hughes 12,248.00 --- 4,940.00 7,308.00 LD 127/04 Pts. 31 5 40R-15001 L.34, C.2 Darlington B/P#94.0760 TOTAL 614,908.71 --- 328,282.71 286,626.00 --- NOTE: Development Charges collected do not tie into Part A due to timing differences since Part A is on a cash basis (ie. difference due to outstanding deposits) I I 7 49' I PART "E" - Page 3 JULY 1994 Contributions - Cash-In-Lieu of Parkland Lord Elgin Bldg. Corp. $ 9,691.60 Lord Elgin Park D & S Wilson 3,637.10 $13,328.70 Contributions - Roads Abek Real Estate $160,000.00 Challenger Park Subdivision 772503 Ont. Ltd. 524,943.78 Orchardview Heights Subdiv. $684,943.78 I i