HomeMy WebLinkAboutTR-98-93 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File#
Date: November 15, 1993 Res. # __(Ali'T'3
Report#: TR-98-93 File#: By-Law#
Subject: CASH ACTIVITY REPORT - SEPTEMBER, 1993
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-98-93 be received; and
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 September 30, 1993, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
September, 1993 be confirmed.
BACKGROUND & COMMENTS
The attached schedules indicate the Corporation of the Municipality of
Clarington's cash transactions, the cash and investment position, lot
levy information and statistical information for the month ended
September 30, 1993 and the comparative information for the month ended
September 30, 1992 .
Respectfully submitted, and
Recommended for presentation
to the Committee
Marie A. Marano H.BSc. ,A.M.C.T.
Treasurer/Acting Chief Administrative Officer
MAM/LG/hj
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CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Analysis of Revenue & Expenditures
for the Month of September, 1993
PART A
1993 1992
CASH ON HAND AT Aug. 31/93 $35,740,929 $34,717,231
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . . . 9,814,369 9,331,321
Grants . . . . . . . . . . . . . . . . . . . . 285,992 298,979
Interest-Reserve Funds. . . . 12,635 99,025
-General Funds. . . . 94,360 128,275
* Other. . . . .. . . . . . . . . . . . . . . . . . . . . 1,652,360 628,112
Region ofDurham. . . . . . . . . . --- ---
Total Cash Available. . . . . . . . . $47 ,600,645 $45,202,943
USE of funds
Expenditures
Debenture Charges. . . . . . . . . 58,923 ---
Payroll. . . . . . . . . . . . . . . . . . . 518,555 504, 150
** General. . . . . . . . . . . . . . . . . . . 2,869,884 1,660,662
Interest. . . . . . . . . . . . . . . . . . --- ---
Levies - Region. . . . . . . . . . . --- ---
- Schools . . . . . . . . . . 7,867,032 7,248,297
TOTAL EXPENSES 11,314,394 9,413, 109
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CASH on Hand as At Sept. 30, 1993 $36 ,386,251 $35,789 ,834
ANALYSIS as follows
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Cash. . . . . . . . . . . . . . . . . . . . . . $ 6,757,216 $ 51598,492
Investments. . . . . . . . . . . . . . . 29,529 ,035 30,191,342
$36 ,286,251 $35,789,834
* Including totals as summarized on the Lot Levy / Development
Charges Summary, plus Debenture proceeds for Clarington Hydro
Electric Commission, Amounts collected per Subdivision Agreements,
and funds from Library - Social Contract.
** Includes payment to Clarington Hydro Electric Commission of
Debenture proceeds, and amounts collected per Subdivision Agreements.
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CORPORATION OF THE MUNICIPALITY OF CLARINGTON
CONTINUITY OF TAXES RECEIVABLE
for the month of September, 1993
1993 1992
Balance Receivable- Aug. 31/93 $ 5,060,725 $ 3,058,208
Additions: Penalties & Interest. . 94,894 72,594
Taxes Billed. . . . . . . . . . 14,557,662 13,605,270
19 ,713,281 16,736,072
Reductions:Pa ym ents and
Adjustments. . . . . . . . . . . 9 ,911,427 9,392,223
Balance Receivable-Sept. 30, 1993 $ 9,801,854 $ 7,343,849
STATISTICAL INFORMATION
for the Month of September, 1993
Payment Received - Taxes 11,924
- Other 952
Tax Certificates Issued 393
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Dog Licenses Issued 9
Burial Permit Issued 38
Accounts Payable Cheques Issued
Cheque # 29571 to 30009
31583 31605
0235093 02735391
02747098 02747410
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Investments Outstanding
As at September 31, 1993
AMOUNT INTEREST TERMS DUE DATE
RATE
GENERAL FUND:
N N N N N N N N N N N N N N N
a) TD 21976,330 4 .68 62D October 20th
b) Montreal 495,525 3. 97 83D November 1st
c) Royal 2,977,350 4 .55 61D November 30th
d) BNS 3,500,000 4 .55 78D December 15th
e) CIBC 1,499,311 4 .73 91D December 21st
RESERVE FUND
a) BNS 1,195,404 4 .53 31D October 1st
b) Montreal 1,980,860 4 .20 84D October 18th
c) Royal 2,972, 100 4 . 03 85D October 29th
d) Montreal 495,525 3 .97 83D November lst
e) CIBC 2,999,999 3.96 83D November 1st
f) BNS 1,980,540 4 . 03 89D November 2nd
g•) TD 2,970,150 4 .03 91D November 4th
h) Montreal 21986,830 4.35 37D November 4th
i) CIBC 499,111 4.73 91D December 21st
29,529,035
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Corporation of the Municipality of Clarington
September 1993
DEVELOPMENT CHARGES
NAME TOTAL LOT LEVIES TOWN REGION P.U.C.
-------------------------------------------------------------------------------------
Armandale Homes 143.00 143.00
40M1675
B/P 93.586
Liza Homes 160.00 143.00 17.00
40M1688
B/P 93.607
Best Bros. 6,583.00 2,974.00 1,966.00 1,643.00
Pt. Lt. 24, C.9
Clarke
10R3720
B/P 93.478
West Bowmanville Dev. 222,813.00 135,973.00 86,840,00
Pt. Lt. 15, C.1
Darlington
40M1734/18T-88046
Eiram Dev. Corp. 105,048.00 53,532.00 35,388.00 5,220.00 10,908.00
Pt. Lt. 9, C.2
Bowmanville
40M1723
B/P 93.236 & 238,
93.511-523
D'Angelo Bros. 160.00 143.00 17.00
40M1688
B/P 93.487
Geranium Homes 5,180.00 5,180.00
40M1709
B/P 93.424-437
340,087.00 192,479.00 124,623.00 12,043.00 10,942.00
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Corporation of the Municipality of Clarington
September 1993
Contributions - Engineering Fees:
290572. Ontario Ltd. 35,936.37 18T-87092
Kiddicorp Investments 30,000.00 18T-91013
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65,936.37
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Cash-In-Lieu of Parkland:
Kingsberry Properties 10,685.00 Pt. Lt. 31, C.2 18T-90035
Darlington
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