HomeMy WebLinkAboutTR-66-94 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
File#
Date: July 18, 1994 Res. #
Report#:--TR_6o q4 File #: By-Law#
Subject: CASH ACTIVITY REPORT - MARCH, 1994
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-66-94 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 March 31, 1994, is
as shown on the attached schedule; and
3. THAT Part "A" of the expenditures for the month of March, 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 March 31, 1994 and the comparative information for the month ended
March 31, 1993.
Respect f y ubmitted, Reviewed by,
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e A. Marano, H.BSc.,A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
MM/NT/hjl
Attachments
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EAPEEA° RE Y'C'PE
THIS IS PRIRTED M RECYCLED PAPER
PART "A"
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Analysis of Revenue and Expenditures
for the Month of March 1994
CASH BASIS
1994 1993
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED 5,304,449 3,196,546
UNCONDITIONAL GRANT
GRANTS-IN-LIEU:
BELL CANADA GRANT-IN-LIEU 217,524
STREETSMART LOAN PROCEEDS
ONTARIO HYDRO PROCEEDS
SUBSIDIES:
HANDI-TRANSIT SUBSIDY 12,587
MINISTRY OF TRANSPORTATION 715,716
LOT LEVIES 223,746
DEVELOPMENT CHARGES-TOWN 149,159
REGION DEBENTURE RECOVERABLE
GENERAL 908,855 860,340
INTEREST 103,225 140,056
DEVELOPMENT CHARGES-REGION/PUC 169,245
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7,804,506 4,196,942
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USE OF FUNDS:
PAYROLL 670,687 448,771
DEBENTURE CHARGES 26,478
REGION LEVY 2,447,558 2,269,676
SCHOOL BOARD LEVIES 7,856,461 7,221,215
GENERAL-INCLUDING CAPITAL EXP. 1,814,201 1,404,968
------------------------
12,815,384 11,344,629
------------------------
NET CASH PROVIDED (USED) (5,010,879) (7,147,688)
BANK NET CASH BANK BANK
BALANCE PROVIDED BALANCE BALANCE
FINANCIAL POSITION: FEB 28/1994 (USED) MAR 31/1994 JKAR 31/1993
GENERAL FUND 4,604,680 (778,414) 3,826,266 2,538,067
RESERVE FUND 130,530 326,467 456,997 165,848
INVESTMENTS (GENERAL + RESERVE FUND) 32,997,584 (4,558,932) 28,438,652 19,545,908
37,732,794 (5,010,879) 32,721,915 22,249,824
NOTE: Prior years figures have been restated for comparative purposes.
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CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Continuity of Taxes Receivable
for the month of March 1994
FEB. 28 PENALTIES & TAXES SUBTOTAL TAX TAX MAR. 31 MAR.31
1994 INTEREST BILLED PAYMENTS ADJUSTMENTS 1994 1993
RECEIVABLE ADDED
CURRENT YEAR
TAXES (199,383) (199,383) (667,431) (1,982) (868,796) (146,826)
PENALTY AND INTEREST 90 26,745 26,835 (7,615) (184)1 19,035 (7,769)
1993 YEAR I I '
TAXES 3,625,086 3,625,086 (168,626) 162 3,456,622 3,028,082
PENALTY AND INTEREST 289,877 45,851 335,728 (23,151) 609 313,186 238,021
1992 YEAR
TAXES 1,539,048 1,539,048 (43,411) 335 1,495,973 1,053,946
PENALTY AND INTEREST 273,962 19,639 293,601 (16,092) 56 277,566 190,777
PRIOR I '
TAXES 711,880 711,880 (22,932) 157 689,106 418,190
PENALTY AND INTEREST 239,363 9,549 248,912 (10,024) (68)1 238,820 146,269
----------------------------------------------------------------------------I --------------
6,479,923 101,784 0 6,581,707 (959,280) (915)1 5,621,512 ( 4,920,691
TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,951,500 54,907,516
PERCENT OF CURRENT TAXES OUTSTANDING
0.00% 0.00*1
*Includes refunds, write-offs, 496's, 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)
NOTE 2: Current year taxes receivable are in a negative position because of individuals who
pay both the Feb. and April installments in Feb. but the April installment has not yet been billed.
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PART "C"
STATISTICAL INFORMATION
FOR THE MONTH OF MARCH, 1994
Payment Received - Taxes 1,489
Tax Certificates 370
Burial Permits Issued 35
Accounts Payable Cheques Issued
Manuals # 31744 to 31780 37
Computer # 33048 to 33508 461
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PART "D"
INVESTMENTS OUTSTANDING
AS AT MARCH 31, 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
RESERVE FUND:
a) Montreal 2,972,400 3 . 85 88D April 4/94
b) Royal 1,982,240 3.76 87D April 18/94
c) Montreal 1,981,960 3 .69 90D May 2/94
d) CIBC 2,999,848 3. 67 90D May 2/94
e) Royal 1,981,800 3. 81 88D May 17/94
f) BNS 1,685,091 3.89 83D May 16/94
g) BNS 2,972,940 3.91 85D May 24/94
h) CIBC 1,000,264 3 . 99 89D May 31/94
i) BNS 2,971,710 3 .95 89D June 6/94
j ) Royal 1,977, 180 4.68 90D June 20/94
k) Montreal 21937,540 5.28 147D August 22/94
28,438,652
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PART "E"
MARCH 1994
Development Charges
Total Lot Levies Town Region C.H.E.C.
290572 Ont. Ltd. 120,176.00 49,400.00 70,776.00 ---
L.35, C.2
Darlington
40M1742
B/P#94.021
Peter Vrecker 6,583.00 --- 4,940.00 1,642.00 ---
L.9, C.5
Darlington
B/P#94.056
812716 Ont. Ltd. 48,992.00 --- 19,760.00 29,232.00 ---
40M1740
LD93-105
921395 Ont. Ltd. 46,710.00 --- 143.00 46,550.00 17.00
L.14, C.1
Bowmanville
40M1688, 40M1741 _
B/P#94.007
Fridel Ltd. 3,719.90 --- 3,719.90
L.31, C.2
Darlington
40M1744
B/P#94.054
Robert Barrett 6,583.00 --- 4,940.00 1,643.00 ---
Pt.L.12, C.1
Clarke
1OR1105
Eiram Dev. 2,696.00 --- --- 2,696.00 ---
B/P#94-087 to
94-094
Kiddicorp Invest. 18,928.00 --- 16,856.00 --- 2,072.00
L.14, C.1
Bowmanville
40M1741
B/P#94.953 to
94.956
Schickendanz Bros. 223,746.00 223,746.00 -_- _-_
Pt.L.9,10, C.2
Bowmanville
1OM829 & 10M830
Kiddicorp Invest. 194,275.00 --- 179,659.00 14,616.00 ---
L.29, C.2
Darlington
40M1754, 40M1755
L OTALS 672,408.90 223,746.00 279,417.90 167,156.00 2,089.00
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PART "E"
MARCH 1994
Contributions - Engineering and Inspection Fees:
Lord Elgin Estates $ 36,122.00 Scugog Estates Subdivision
18T-86069
Kiddicorp Invest. $ 17,680.63 Fieldstone Subdivision - Ph 3
18T-90010
$ 53,802.63
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