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Home My WebLink AboutTR-75-94 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# L ►tL � � R,0 Date: September 6, 1994 Res. #J"'_() By-Law# Report#:®. TR 75 94 File#: Subject: CASH ACTIVITY REPORT - MAY, 1994 Recommendations: �I It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: I 1. THAT Report TR-75-94 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 May 31, 1994, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of May, 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 May 31, 1994 and the comparative information for the month ended May 31, 1993. c Respeetfu y submitted, Reviewed by, Ma 'e W. Marano, H.BSe.,A.M.C.T., W.H. Stockwell, Treasurer. Chief Administrative Officer. I MM/NT/hjl i Attachments 700 RGvGLED aP EA rnrEA ecv E '16I PAIRED ON REGYG PAPER PART "A" CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of May 1994 CASH BASIS 1994 1993 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PUPOSES: TAX PAYMENTS RECEIVED 1,552,616 731,766 UNCONDITIONAL GRANT 101,801 83,919 GRANTS-IN-LIEU: BELL CANADA GRANT-IN-LIEU 217,524 MUNICIPAL TAX ASSISTANCE-note C 36,804 ONTARIO HYDRO PROCEEDS SUBSIDIES: HANDI-TRANSIT SUBSIDY MINISTRY OF TRANSPORTATION 729,100 751,000 LOT LEVIES DEVELOPMENT CHARGES-TOWN 217,730 REGION DEBENTURE RECOVERABLE GENERAL 740,879 485,554 INTEREST 147,671 118,029 DEVELOPMENT CHARGES-REGION/PUC 299,365 ------------------------ 4,006,686 2,207,072 ------------------------ USE OF FUNDS: PAYROLL 667,551 652,702 DEBENTURE CHARGES-note A 514,389 50,586 REGION LEVY SCHOOL BOARD LEVIES GENERAL-INCLUDING CAPITAL EXP. 2,267,007 1,420,031 ------------------------ 3,448,946 2,123,319 ------------------------ NET CASH PROVIDED (USED) 557,740 83,753 ------------------------ ------------------------ BANK NET CASH BANK BANK BALANCE PROVIDED BALANCE BALANCE FINANCIAL POSITION: APR 30/1994 (USED) MAY 31/1994 MAY 31/1993 GENERAL FUND 510,711 2,757,769 3,268,480 1,362,754 RESERVE FUND 1,162,391 (984,238) 178,153 110,697 INVESTMENTS (GENERAL + RESERVE FUND) 38,217,613 (1,215,791) 37,001,822 26,289,198 ------------------------------------------------ 39,890,716 557,740 40,448,456 27,762,649 NOTE: Prior years figures have been restated for comparative purposes. NOTE A: Debenture Charges of $502,839 paid in April in 1993, $48,788 paid in June in 1994 NOTE B: Investments do not tie into Part D because the TD bank cashed a 21500,000 cheque as 25,000 and the correction was not made until June NOTE C: $37,440.83 received in June, 1994 709 PART "C" STATISTICAL INFORMATION FOR THE MONTH OF MAY, 1994 Payment Received - Taxes 1,284 Tax Certificates 334 Burial Permits Issued 12 Accounts Payable Cheques Issued Manuals # 31807 to 31868 62 Computer # 33956 to 34358 403 i 711 i PART "D" INVESTMENTS OUTSTANDING AS AT MAY 31, 1994 AMOUNT INTEREST TERMS DUE DATE RATE GENERAL FUND: a) Montreal 987,820 5.00 90D June 23/94 b) BNS 985,650 6.18 86D June 30/94 c) CIBC 1,999,993 5.68 90D July 13/94 d) Royal 1,484,385 5.82 66D June 30/94 e) Royal 2,970,270 5.80 63D June 30/94 f) TD 2,500,000 5.75 7D June 2/94 RESERVE FUND: a) BNS 2,971,710 3.95 89D June 6/94 b) Royal 1,977,180 4.68 90D June 20/94 c) Montreal 2,937,540 5.28 147D August 22/94 d) Montreal 2,954,850 6.13 91D July 5/94 t e) Royal 493,380 5.63 87D July 8/94 f) Royal 2,366,088 5.75 91D July 18/94 g) Royal 592,008 5.73 86D July 13/94 h) Montreal 886,977 6.02 89D July 27/94 i) BNS 2,462,275 6.08 92D Aug 2/94 j) CIBC 2,499,828 6.06 92D Aug 2/94 k) CIBC 399,447 6.44 93D Aug 12/94 1) Montreal 1,675,129 6.23 87D Aug 11/94 m) CIBC 1,999,385 6.22 84D Aug 9/94 i n) Montreal 1,969,340 6.11 93D Aug 25/94 o) Royal 984,720 6.09 93D Aug 25/94 P) TD 393,976 6.20 90D Aug 24/94 q) TD 984,870 6.23 90D Aug 29/94 -------------- =--39,476,822— -°p I PART "E" MAY 1994 Development Charges Total Lot Levies Town Region C.H.E.C. Ridge Pine Park 3,075.00 --- 3,075.00 - B/P#94.268 & 269 - #94.363, 442 & 443 Kiddicorp Invest. 99,372.00 --- 96,264.00 --- 3,108.00 L.14, C.1 Bowmanville 40M1741 B/P#93.960 to 965 290572 Ont. Ltd. 200,320.00 --- 83,980.00 116,340.00 --- L.29, C.2 Darlington 40M1746 Brent Weiss 6,583.00 --- 4,940.00 1,643.00 Pt. Lot 28, C.4 Clarke 10R-3988 B/P#94.302 G. Pagniello 6,583.00 --- 4,940.00 1,643.00 L.25, C•4 --- Clarke LD128/93 B/P#94.328 290572 Ont. Ltd. 10,620.00 --- 9,880.00 740.00 L.35, C.3 --- Darlington 40M1742 B/P#94.304 & 305 Lunaro Construction 6,583.00 --- 4,940.00 1,643.00 L.19, C.2 --- Darlington LD84/92 B/P#94.215 Kiddicorp Invest. 23,011.30 --- 9,711.30 13,300.00 L.29, C.2 --- Darlington 40M1754 B/P#94.331 & 332 921395 Ont. Ltd. 159,600.00 --- --- 159,600.00 --- L.14, C.1 Bowmanville 40M1741 Grandmaster Bldg. 674.00 --- --- 674.00 --- B/P#94.299 & 300 2713, I PART "E" MAY 1994 - Continued Development Charges IF -- I Total Lot Levies Town Region C.H.E.C. Eiram Dev. Corp. 674.00 --- --- 674.00 --- 40M1723 B/P#94.378 & 379 TOTALS 517,095.30 --- 217,730.30 296,257.00 3,108.00 Contributions - Cash-In-Lieu of Parkland Reward Building & Dev. Inc. $13,200.00 L.34, C.2 Darlington 18T.89066 757001 Ont. Ltd. $17,050.00 Timberlane Ph 2 18T.87023 $30,250.00 Contributions - Roads Reward Building & Dev. Inc. $10,520.88 L.34, C.2 Darlington 18T.89066 Contributions - Engineering and Inspection Fees Eiram Dev. Corp. $37,499.18 18T89041 H. Kassinger Constr. $ 9,484.46 L.32, C.3 Darlington 18T.88094 $46,983.64 7 1: 4