HomeMy WebLinkAboutTR-57-94 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meetin g: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE ;96 , f�f U
File# '�_l('a. .-
Date: July 18, 1994 Res. # L-
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Report#:____ gam , File#:
Subject: CASH ACTIVITY REPORT - JANUARY, 1994
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-57-94 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 January 31, 1994,
is as shown on the attached schedule; and
3. THAT Part "A" of the expenditures for the month of January, 1994, be confirmed.
BACKGROUND AND COMMENT:
I
I
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 January 31, 1994 and the comparative information for the month ended
January 31, 1993.
Respectf submitted, Reviewed by,
. Marano, H.BSc.,A.M.C.T., W.H. Stockwell,
Treasurer. Chief Administrative Officer.
MM/NT/hjl
Attachments
U8
HPAPERO 'A"ER
1HG 2 PH;MED Q4 RECYCLED PAPER
PART "A"
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Analysis of Revenue and Expenditures
for the Month of January 1994
CASH BASIS
1994 1993
REVENUE RECEIVED FOR GENERAL OPERATING
AND RESERVE FUND PUPOSES:
TAX PAYMENTS RECEIVED 538,862 403,248
UNCONDITIONAL GRANT
GRANTS-IN-LIEU:
ONTARIO HYDRO GRANT-IN-LIEU
STREETSMART LOAN PROCEEDS 300,000
ONTARIO HYDRO PROCEEDS 101,540
SUBSIDIES:
HANDI-TRANSIT SUBSIDY
MINISTRY OF TRANSPORTATION
REGION RECEIVABLE-PUBLIC WORKS 472,663 145,657
DEVELOPMENT CHARGES-TOWN 1,230
REGION DEBENTURE RECOVERABLE 73,106
GENERAL 474,925 802,661
INTEREST 85,575 167,129
DEVELOPMENT CHARGES-REGION/PUC
------------------------
2,047,923 1,518,895
------------------------
USE OF FUNDS:
PAYROLL 703,011 504,783
DEBENTURE CHARGES 73,106
REGION LEVY
SCHOOL BOARD LEVIES
GENERAL-INCLUDING CAPITAL EXP. 2,344,893 1,370,198
3,121,010 1,874,981
------------------------
NET CASH PROVIDED (USED) (1,073,088) (356,086)
BANK NET CASH BANK BANK
BALANCE PROVIDED BALANCE BALANCE
FINANCIAL POSITION: DEC 31/1993 (USED) JAN 31/1994 JAN 31/1993
GENERAL FUND 1,824,750 859,016 2,683,766 1,490,388 j
RESERVE FUND 363,774 80,586 444,360 7,195,460
INVESTMENTS (GENERAL + RESERVE FUND) 28,937,627 (2,012,690) 26,924,937 11,451,871
---------------------°-------------------------
31,126,151 (1,073,088) 30,053,063 20,137,719
NOTE: Prior years figures have been restated for comparative purposes.
M / U9
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Continuity of Taxes Receivable
for the month of January 1994
DEC. 31 PENALTIES & TAXES SUBTOTAL TAX TAX JAN. 31 ( JAN. 31
1993 INTEREST BILLED PAYMENTS ADJUSTMENTS 1994 1993
RECEIVABLE ADDED
CURRENT YEAR
TAXES (117,053.00) (117,053.00) (6,036.00) 70.00 123 019.00
( , )] (66,840.00)
PENALTY AND INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 1
1993 YEAR
TAXES 4,349,319.00 4,349,319.00 (241,096.00) (1,032.00)1 4,107,191.00 1 3,619,531.00
PENALTY AND INTEREST 259,583.00 55,282.00 314,865.00 (25,297.00) (146.00)1 289,422.00 1 266,900.00
1992 YEAR 1 I 1
TAXES 1,735,319.00 1,735,319.00 (93,357.00) (378.00)1 1,641,584.00 1 1,202,806.00 1
PENALTY AND INTEREST 285,583.00 22,136.00 307,719.00 (21,469.00) (171.00)1 286,079.00 1 218,467.00 1
PRIOR 1 1 1
CD TAXES 761,078.00 761,078.00 (18,922.00) (1,299.00)1 740,857.00 1 519,133.00
PENALTY AND INTEREST 246,267.00 10,201.00 256,468.00 (12,343.00) (907.00)1 243,218.00 1 189,822.00 1
----------------------------------------------------------------------------I --------------I --------------I
7,520,096.00 87,619.00 0.00 7,607,715.00 (418,520.00) (3,863.00)1 7,185,332.00 ( 5,949,819.00 1
........................................................................==..I ..............1 --------------
TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 54,907,516 52,725,990 1
PERCENT OF 1993 TAXES OUTSTANDING 7.4881 6.86%1
*Includes refunds, write-offs, 496's, etc.
NOTE 1: Tax payments do not tie into Part A due to timing differences
F-d
since Part A is on a cash basis (is. difference due to outstanding deposits) >
PO
NOTE 2: Current year taxes receivable are in a negative position because they represent prepaid taxes, H
1994 taxes are not billed until February
to
PART "C"
STATISTICAL INFORMATION
FOR THE MONTH OF JANUARY, 1994
Payment Received - Taxes 410
Tax Certificates 197
i
Burial Permits Issued 54
Accounts Payable Cheques Issued
Manuals # 31696 to 31715 20
Computer # 31238 to 31576 422
# 32527 to 32609
PART "D"
INVESTMENTS OUTSTANDING
AS AT JANUARY 31, 1994
AMOUNT INTEREST TERMS DUE DATE
RATE
I
GENERAL FUND:
a) BNS 2,000,000 3. 75 31D February 21/94
RESERVE FUND:
a) CIBC 2,999,830 4 . 35 90D February 1/94
b) Royal 1,589,552 4.00 60D February 1/94
c) Royal 1,983,260 4.00 77D .February 18/94
d) BNS 990,730 4. 02 85D March 2/94
e) TD 11187,712 4. 06 93D March 10/94
f) TD 1,781,568 4. 06 93D March 10/94
g) TD 1,489,635 3.97 64D February 22/94
h) TD 21977,320 3. 97 70D February 28/94
i) Montreal 2, 972,400 3. 85 88D April 4/94
j ) Royal 1,989, 140 3 . 76 53D March 15/94
k) Royal 1,982,240 3 . 76 87D April 18/94
1) Montreal 2,981,550 3. 70 61D March 28/94
26,924,937
12
PART "E"
JANUARY 1994
Development Charges
Total Lot Levies Town Region C.H.E.C.
Ridge Pine Park 1,230.00 --- 1,230.00 --- ---
B/P#94.001 & 002
TOTALS 1,230.00 --- 1,230.00 --- ---
Contributions - Roads:
471461 Ont. Ltd. $5,522.50 Edsall/Rehder Sidewalks
40M1668
L.13, C.2
Bowmanville