HomeMy WebLinkAboutTR-97-93 CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File#
Date: November 15, 1993 Res. (13#
By-Law#
Report#: TR-97-93 File#:
Subject: CASH ACTIVITY REPORT - AUGUST, 1993
PART A
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1 . That report TR-97-93 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 August 31, 1993, is as shown on the attached
schedule; and
3 . That Part A of the expenditures for the month of
August, 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
August 31, 1993 and the comparative information for the month ended
August 31, 1992 .
Respectfully submitted and
Recomme = for presentation to the Committee
_kari_e-"-A. Marano H.BSc. ,A.M.C.T
Treasurer/Acting Chief Administrative Officer
MAM/JC/pp
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CORPORATION OF THE MUNICIPALITY OF CLARINGTON
Analysis of Revenue & Expenditures
for the Month of August, 1993
PART A
1993 1992
CASH ON HAND AT July 31/93 $38,651, 772 $36,290,096
Total Cash for General
Operating and Reserve
Fund Purposes:
Taxes . . . . . . . . . . . . . . . . . . . . . 905,571 1,243,732
Grants . . . . . . . . . . . . . . . . . . . . - 310,093
Interest-Reserve Funds. . . . 100,812 146,056
-General Funds. . . . 25,969 65,980
* Other. . . . . . . . . . . . . . . . . . . . 525,528 952,833
Region ofDurham. . . . . . . . . . - 113,705
Total Cash Available. . . . . . . . . $40,209,652 $39, 122,495
i
USE of funds
Expenditures
Debenture Charges. . . . . . . . . 1,311 -
Payroll. . . . . . . . . . . . . . . . . . . 537,648 497,239
General. . . . . . . . . . . . . . . . . . . 1,304,323 1,314,213
Interest. . . . . . . . . . . . . . . . . . -
Levies - Region. . . . . . . . . . . 2,625,441 2,593,812
- Schools . . . . . . . . . . - _
TOTAL EXPENSES 4,468,723 4,405,264
CASH on Hand as At Aug. 31, 1993 $35,740 ,929 $34 ,717 ,231
ANALYSIS as follows
Cash. . . . . . . . . . . . . . . . . . . . . . $ 5,762,366 $ 4,864,078
Investments . . . . . . . . . . . . . . . 29 ,978,563 29 ,853 , 153
i
$35,740,929 $34 ,717 ,231
* Including Levies Attached
1992 Grants included: G-I-L 47,380-billed in Sept.
Unconditional Grant 207, 721 -reed in Oct.
M.T.O.-Nandi Transit 25, 101 -reed in Oct.
Min. of Culture 29 ,891
310,092
1992 Receipt from Region - 113,705 was for garbage rebate
1993 - no garbage rebate
� U �
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
CONTINUITY OF TAXES RECEIVABLE
for the month of August, 1993
1993 1992
Balance Receivable- July 31/93 $ 5,863,833 $ 3, 133,725
Additions: Penalties & Interest. . 103, 170 79,972
Taxes Billed. . . . . . . . . . - 435,947 *
5,967 ,003 3,649 ,644
Reductions:Payments and
Adjustments. . . . . . . . . . . 906,278 11321,436*
Balance Receivable-Aug. 31, 1993 $ 5,060,725 S 2 ,328,208
STATISTICAL INFORMATION
for the Month of August, 1993
Payment Received - Taxes 1,046
- Other 1, 184
Tax Certificates Issued 486
Dog Licenses Issued 20
Burial Permit Issued 36
Accounts Payable Cheques Issued j
Cheque # 24374 to 25326
28945 29378
31577 31584
02713314 02713600
02724601 02724902
*Note: August supplementary taxes were billed in September 1993 after
Tax Collector's return from maternity leave.
_ I
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Corporation of the Municipality of Clarington
August 1993
DEVELOPMENT CHARGES
NAME TOTAL LOT LEVIES TOWN REGION P.U.C.
------------------------------------------------------------------------------------
R. Freeburn 12,854.00 2,974.00 1,966.00 7,308.00 606.00
Pt. Lt. 29 & 30, C.1
Clarke
LD312/91
Ridge Pine Park 2,460.00 2,460.00
Lt. 35, BFC
Bowmanville
B/P 93.464-466 & 490
Keuning Construction 5,310.00 2,974.00 1,966.00 370.00
Lt. 18, C.5
Darlington
B/P 93.440
Best Bros. 23,180.00 5,948.00 3,932.00 13,300.00
Lt. 33, C.2
Darlington
B/P 93.496-497
921395 Ont. Ltd. 160.00 143.00 17.00
Lt. 13, C.2
Bowmanville
40M1688
Eiram Dev. Corp. 10,110.00 10,110.00
Lt. 10, C.3
Bowmanville
B/P 93.413-422
----------------------------------------------------------------
54,074.00 14,356.00 8,007.00 31,088.00 623.00
Contributions - Engineering Fees:
Fridel Ltd. 26,812.91 Pt. Lt. 31, C.2 18T-90035
Darlington
Cash-In-Lieu of Parkland:
Dr. K. McPherson 1,161.09 Pt. Lt. 10, C.1 DEV92-049
Bowmanville
107
Investments Outstanding
As at August 31, 1993
AMOUNT INTEREST TERMS DUE DATE
RATE (Days)
GENERAL FUND:
---------------
a) Royal 2,970,930 4 .41 81D September 28th
b) Royal 2,970,930 4 .41 81D September 28th
c) Montreal 2,970,270 4 .40 83D September 30th
d) Montreal 495,525 3 . 97 83D November 1st
e) TD 2,976,330 4.68 62D October 29th
RESERVE FUND
---------------
a) BNS 31000,000 4 .45 29D September 24th
b) BNS 11195,404 4 .53 31D October 1st
c) Montreal 1,980,860 4 .20 84D October 18th
d) Royal 2,972, 100 4 . 03 85D October 20th
e) Montreal 495,525 3. 97 83D November lst
f) CIBC 21999,999 3.96 83D November 1st
g) BNS 1,980,540 4 . 03 89D November 2nd
h) TD 21970, 150 4. 03 91D November 4th
29,978,563
.1.0,