HomeMy WebLinkAboutTR-74-94 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File# E ICS
Date: September 6, 1994 Res # C
Report#:--->'r�?4� 94 File#: By-Law##
Subject: CASH ACTIVITY REPORT - APRIL, 1994
Recommendations:
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It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-74-94 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 April 30, 1994, is
as shown on the attached schedule; and
3. THAT Part "A" of the expenditures for the month of April, 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 April 30, 1994 and the comparative information for the month ended
April 30, 1993.
Respectful- ubmitted, Reviewed by,
Marfe-'A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
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Attachments
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AP PIER
PAPELR PECYCLE 1
THIS IS PRIMED a4 RECYCLED PAPER
PART "A"
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Analysis of Revenue and Expenditures
for the Month of April 1994
CASH BASIS
1994 1993
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED 8,694,952 8,636,154
UNCONDITIONAL GRANT 127,834
GRANTS-IN-LIEU:
BELL CANADA GRANT-IN-LIEU
PITS & QUARRIES-MNR 91,187
ONTARIO HYDRO PROCEEDS 1,197,338
SUBSIDIES:
HANDI-TRANSIT SUBSIDY
MINISTRY OF TRANSPORTATION-note A 576,083
LOT LEVIES 13,649
DEVELOPMENT CHARGES-TOWN 792,187
REGION DEBENTURE RECOVERABLE
GENERAL 543,950 352,126
INTEREST 58,262 40,993
DEVELOPMENT CHARGES-REGION/PUC 846,634
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12,365,992 9,605,356
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USE OF FUNDS:
PAYROLL 654,030 667,983
DEBENTURE CHARGES-note B 502,839
REGION LEVY 2,447,558 2,269,676
SCHOOL BOARD LEVIES
GENERAL-INCLUDING CAPITAL EXP. 2,095,604 870,516
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5,197,193 4,311,014
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NET CASH PROVIDED (USED) 7,168,800 5,294,342
BANK NET CASH BANK BANK
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BALANCE PROVIDED BALANCE BALANCE
FINANCIAL POSITION: MAR 31/1994 (USED) APR 30/1994 APR 30/1993
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GENERAL FUND 3,826,267 (3,315,555) 510,711 2,204,155
RESERVE FUND 456,998 705,393 1,162,391 233,738
INVESTMENTS (GENERAL + RESERVE FUND) 28,438,652 9,778,961 38,217,613 24,368,489
32,721,917 7,168,800 39,890,716 26,806,382
. NOTE: Prior years figures have been restated for comparative purposes.
NOTE A: MTO subsidy received in March, 1994
NOTE B: Debenture Charges not due until May 26/94 in the amount f,424,388.75
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CORPORATION OF TEE MUNICIPALITY OF CLARINGTON
Continuity of Taxes Receivable
for the month of April 1994
MAR. 31 PENALTIES & TAXES SUBTOTAL TAX TAX APR. 30 ( APR. 30
1994 INTEREST BILLED PAYMENTS ADJUSTMENTS 1994 1993
RECEIVABLE ADDED
CURRENT YEAR
TAXES (868,796) 12,942,659 12,073,863 (8,733,539) 5,558 3,345,883 3,847,421
PENALTY AND INTEREST 19,035 19,773 38,808 (9,375) (134)1 29,299 30,020
1993 YEAR '
TAXES 3,456,622 3,456,622 (302,243) (10,748) 3,143,631 2,858,087
PENALTY AND INTEREST 313,186 43,228 356,414 (45,558) (356)1 310,500 205,212
1992 YEAR
TAXES 1,495,973 1,495,973 (69,343) (132)1 1,426,498 994,307
PENALTY AND INTEREST 277,566 19,101 296,667 (23,780) (1,131) 271,755 173,595
PRIOR
__,j TAXES 689,106 689,106 (34,587) (2)1 654,517 396,890
PENALTY AND INTEREST 238,820 9,264 248,084 (19,562) (3,841) 224,681 135613
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5,621,512 91,366 12,942,659 18,655,537 (9,237,987) (10,787) 9,406,764 8,641,146
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TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,951,500 54,907,516
PERCENT OF CURRENT TAXES OUTSTANDING _I =______---____I
6.098 7.018
*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)
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PART "C"
STATISTICAL INFORMATION
FOR THE MONTH OF APRIL, 1994
Payment Received - Taxes 14,736
Tax Certificates 319
Burial Permits Issued 30
Accounts Payable Cheques Issued
Manuals # 31781 to 31806 26
Computer # 33509 to 33955 447
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PART "D"
INVESTMENTS OUTSTANDING
AS AT APRIL 30, 1994
AMOUNT INTEREST TERMS DUE DATE
RATE
GENERAL FUND:
a) TD 1,987,860 3 .78 59D May 5/94
b) Montreal 987,820 5. 00 90D June 23/94
c) BNS 985,650 6 . 18 86D June 30/94
d) CIBC 1,999,993 5. 68 90D July 13/94
e) Royal 11484,385 5. 82 66D June 30/94
f) Royal 2,970,270 5. 80 63D June 30/94
RESERVE FUND:
a) Montreal 1,981,960 3. 69 90D May 2/94
b) CIBC 2,999,848 3. 67 90D May 2/94
c) Royal 1,981,800 3 . 81 88D May 17/94
--d) BNS -
e) BNS 2,972,940 3. 91 85D May 24/94
f) CIBC 1,000,264 3 . 99 89D May 31/94
g) BNS 2,971,710 3. 95 89D June 6/94
h) Royal 1,977,180 4 . 68 90D June 20/94
i) Montreal 2,937,540 5 .28 147D August 22/94
j ) Montreal 2,954,850 6 . 13 91D July 5/94
k) Royal 493,380 5 . 63 87D July 8/94
1) Royal 2,366,088 5 . 75 91D July 18/94
m) Royal 592,008 5. 73 86D July 13/94
n) Montreal 886,977 6 . 02 89D July 27/94
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38,217,614
PART "E"
APRIL 1994
Development Charges
Total Lot Levies Town Region C.H.E.C.
290572 Ont. Ltd. 141,712.00 --- 59,280.00 82,432.00 ---
L.29, C.2
Darlington
40M1746
B/P#93.805
#94.200 to 210
Kiddicorp Invest. 652,467.00 --- 179,659.00 472,808.00 ---
L.29, C.2
Darlington
40M1754, 40M1755
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290572 Ont. Ltd. 27,290.00 --- 24,700.00 2,590.00 ---
2.35, C.2
Darlington
40M1742
B/P#94.190 to 194
708545 Ont. Ltd. 123,500.00 --- 123,500.00 ---
L.31, C.2
Darlington
40M1709
D'Angelo Bros. 480.00 --- 429.00 --- 51.00
L.9, C.2
Bowmanville
40M1688
B/P#94.227 to 228
#94.197
Martin. Rd. 476,101.00 --- 222,813.00 253,288.00 ---
Holdings
L.16, C.1
Bowmanville
40M1734
621182 Ont. Ltd. 171,926.00 --- 171,926.00 --- ---
L.9, C.2
Bowmanville
40M1688
Schickedanz 13,648.50 13,648.50 --- --_ _-_
Pt.L.9, 10, C.2
Bowmanville
10M829, 10M830
Simkins Homes Ltd. 24 496.00 _-_
� 9,880.00 14,616.00 ---
L.35, C.3
Darlington
LD174 & 175/93
B/P#94.237 & 238
Canadian Forresters 16,805.00 --- --- 16,805.00 ----
Pt.L.11, C.1
Bowmanville
B/P#93.971
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PART "E"
APRIL 1994 - Continued
Development Charges
Total Lot Levies Town Region C.H.E.C.
Eiram Dev. Corp. 1,348.00 --- --- 1,348.00 ---
40M1723
Grandmaster Bldg. 2,696.00 --- --- 2,696.00 ---
B/P#94.229 to 236
TOTALS 1,652,469.50 13,648.50 792,187.00 846,583.00 51.00
Contributions - Cash-In-Lieu of Parkland
Fridel Ltd. $ 2,310.00
L.31, C.2
Darlington
18T.92010
Lord Elgin Building Corp. $50,000.00
L.12, C.2
Bowmanville
18T.86069
Simkins Homes Ltd. $ 2,426.08
L.35, C.3
Darlington
LD174 & 175/93
$54,736.08
Contributions - Engineering and Inspection Fees
Fridel Ltd. $ 841.98
L.31, C.2
Darlington
18T.92010
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