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Home My WebLink AboutTR-76-94 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Meeting: File# UC) . 4��_>rT��,. f'°f Date: September 6, 1994 Res. #_C��9-�/ Report#:___TR 76=9-4 File #: By-Law# Subject: CASH ACTIVITY REPORT - JUNE, 1994 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-76-94 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 June 30, 1994, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of June, 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 June 30, 1994 and the comparative information for the month ended June 30, 1993. i Respeetf Ily- ubmitted, Reviewed by, I arie A. Marano, H.BSe.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. MM/NT/hjl Attachments i 715 cosec PA Pn PiEn necvcic RPSI PRWE0W RECYCLED PAPER "PART A" CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of June 1994 CASH BASIS 1994 1993 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 14,138,131 15,260,628 UNCONDITIONAL GRANT GRANTS-IN-LIEU: BELL CANADA GRANT-IN-LIEU MUNICIPAL TAX ASSISTANCE-note C 37,441 ONTARIO HYDRO PROCEEDS SUBSIDIES: HANDI-TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION LOT LEVIES i DEVELOPMENT CHARGES-TOWN 309,035 REGION DEBENTURE RECOVERABLE GENERAL 500,937 705,387 INTEREST 141,301 137,396 DEVELOPMENT CHARGES-REGION/PUC 265,893 ------------------------ 15,392,738 16,103,411 ------------------------ USE OF FUNDS: PAYROLL 1,115,661 1,055,517 DEBENTURE CHARGES-note A 48,788 4,516 REGION LEVY SCHOOL BOARD LEVIES-note B 7,232,447 8,512,872 GENERAL-INCLUDING CAPITAL EXP. 4,489,255 654,837 ------------------------ 12,886,151 10,227,742 ------------------------ NET CASH PROVIDED (USED) 2,506,587 5,875,669 BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: MAY 31/1994 (USED). NNE 30/1994JUNE 30/1993 GENERAL FUND 3,268,480 (1,948,995) 1,319,485 9,822,647 RESERVE FUND 178,153 (45,066) 133,087 3,228,617 INVESTMENTS (GENERAL + RESERVE FUND) 39,476,821 4,500,648 43,977,469 14,890,158 ------------------------------------------------ 42,923,455 2,506,587 45,430,042 27,941,422 i NOTE: Prior years figures have been restated for comparative purposes. NOTE A: Debenture Charges of $50,586 paid in May in 1993 NOTE B: Separate School levies cheque of $1,005,410 did not clear bank until July, 1994 NOTE C: Municipal Tax Assistance of $36,804 received in May, 1993 716 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of June 1994 MAY 31 PENALTIES & TAXES SUBTOTAL TAX TAX JUNE 30 JUNE 30 1994 INTEREST BILLED PAYMENTS ADJUSTMENTS 1994 1993 RECEIVABLE ADDED CURRENT YEAR TAXES 2,760,272 14,569,064 17,329,336 (15,123,335) (2,914) 2,203,087 1 2,726,076 1 PENALTY AND INTEREST 58,058 35,798 93,856 (25,001) (1,401) 67,454 1 75,461 1993 YEAR TAXES 2,992,348 2,992,348 (290,414) (36,062)1 2,665,871 1 2,534,655 PENALTY AND INTEREST 318,995 37,929 356,924 (62,282) (758)1 293,884 1 146,557 1 1992 YEAR 1 I 1 TAXES 1,361,199 1,361,199 (122,820) (4,202)1 1,234,177 1 889,829 1 PENALTY AND INTEREST 262,714 17,416 280,130 (55,860) (1,144)1 223,126 1 142,382 1 PRIOR I I TAXES 615,196 615,196 (57,896) (1,758) 555,543 1 367,075 1 PENALTY AND INTEREST 212,236 8,341 220,577 (28,115) (320)1 192,142 1 120,425 1 �+ ----------------------------------------------------------------------------I --------------I --------------I 8,581,018 99,485 14,569,064 23,249,567 (15,765,723) (48,560)1 7,435,283 1 7,002,460 1 ' I I TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,951,500 54,509,237 PERCENT OF CURRENT TAXES OUTSTANDING 4.01$1 5.00$1 *Includes refunds, write-offs, 496'x, etc. ro 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) H td PART "C" STATISTICAL INFORMATION FOR THE MONTH OF JUNE, 1994 Payment Received - Taxes 18,825 Tax Certificates 199 Burial Permits Issued 23 Accounts Payable Cheques Issued Manuals # 31869 to 31912 44 Computer # 34359 to 34757 399 I I i 718 PART "D" INVESTMENTS OUTSTANDING AS AT JUNE 30, 1994 AMOUNT INTEREST TERMS DUE DATE RATE GENERAL FUND: a) CIBC 1,999,993 5.68 90D July 13/94 b) BNS 1,500,000 6.45 69D Aug 31/94 c) TD 1,496,670 5.80 14D July 7/94 d) BNS 1,000,000 6.30 68D Aug 31/94 e) BNS 2,951,010 6.66 91D Sept 23/94 f) BNS 1,982,560 6.42 50D Aug 16/94 g) Montreal 1,967,080 6.57 93D Sept 30/94 h) TD 1,476,045 6.44 92D Sept 30/94 RESERVE FUND: a) Montreal 2,937,540 5.28 147D August 22/94 b) Montreal 2,954,850 6.13 91D July 5/94 c) Royal 493,380 5.63 87D July 8/94 d) Royal 2,366,088 5.75 91D July 18/94 e) Royal 592,008 5.73 86D July 13/94 f) Montreal 886,977 6.02 89D July 27/94 g) BNS 2,462,275 6.08 92D Aug 2/94 h) CIBC 2,499,828 6.06 92D Aug 2/94 i) CIBC 399,447 6.44 93D Aug 12/94 j) Montreal 1,675,129 6.23 87D Aug 11/94 k) CIBC 1,999,385 6.22 84D Aug 9/94 1) Montreal 1,969,340 6.11 93D Aug 25/94 M) Royal 984,720 6.09 93D Aug 25/94 n) TD 393,976 6.20 90D Aug 24/94 o) TD 984,870 6.23 90D Aug 29/94 p) BNS 689,479 6.33 88D Aug 29/94 q) TD 2,954,340 6.13 92D Sept 6/94 r) Royal 196,948 6.08 93D Sept 15/94 s) Royal 1,966,900 6.75 91D Sept 19/94 t) TD 196,630 6.80 92D Sept 27/94 43,977,469 719 i I PART "E" Y JOKE 1994 Development Charges Total Lot Levies Town Region C.H.E.C. 290572 Ont. Ltd. 13,580.00 --- 11,360.00 2,220.00 --- L.35, C.3 Darlington 40M1742 B/P#94.409 to 412 Canadian Forresters 11,090.00 --- 11,090.00 --- --- Pt. L.11, C.1 Bowmanville DEV92-023 Best Bros. 2,022.00 --- --- 2,022.00 --- L.31, C.2 Darlington 40M1709 B/P#94.383 to 388 Kiddicorp Invest. 354,077.52 --- 141,277.52 212,800.00 --- L.30, C.2 Darlington 40M1761 Fridel Ltd. 14,747.80 --- 7,439.80 7,308.00 --- L.31, C.2 Darlington 40M1744 B/P#94.414 and 415 290572 Ont. Ltd. 46,360.00 --- 19,760.00 26,600.00 - -- L.29, C.2 Darlington 40M1746 B/P#94.485, 488 to 490 Kiddicorp Invest. 23,011.30 --- 9,711.30 13,300.00 --- L.29, C.2 Darlington 40M1755 B/P#94.454 and 455 Fridel Ltd. 267,996.00 --- 108,396.00 159,600.00 - L.31, C.2 Darlington 40M1763 W.Pettis 1,643.00 --- --- 1,643.00 --- B/P#94.447 TOTAL 734,527.62 --- 309,034.62 425,493.00 --- ( 20 I PART "E" JUNE 1994 Contributions - In-Lieu of Parkland Canadian Forresters $ 336.00 Pt. L. 11, C.1 Bowmanville DEV92-023 Contributions - Engineering and Inspection Fees 290572 Ont. Ltd. $15,283.97 18T-87092 72- 1