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Home My WebLink AboutFND-007-01 " . Clw:ilJgtoH REPORT FINANCE DEPARTMENT Date: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MONDAY, OCTOBER 22,2001 Resolution #t;//l-533-o / Meeting: Report #: FND-007-01 File#: '-' I-laC/?- . By-law #: Subject: CASH ACTIVITY - AUGUST 2001 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report FND-007-01 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 the cash position of the Municipality of Clarington for the month ended August 31,2001. is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of August 2001 be confirmed Submitted by: Reviewed t>(' ') rtZ~<..& .-cU~ Franklin Wu. Chief Administrative Officer. NT/LB/hjl 920 , REPORT NO.: FND-007-01 PAGE 2 BACKGROUND AND COMMENT: The attached schedules indicate the Corporation of the Municipality of Clarington's cash transactions, the cash investment position, development charges information and statistical information for the month ended August 31, 2001 and the comparative information for the month ended August 31,2000. Attachments: Attachment A - Analysis of Revenue and Expenditures Attachment B - Continuity of Taxes Receivable Attachment C - Statistical Information Attachment D - Investments Outstanding Attachment - Development Charges Information CORPORATION OF THE MUNICIPALITY OF CLARINGTON 40 TEMPERANCE STREET, BOWMANVILLE, ONTARIO L 1C 3A6 T (905)623-3379 F (905)623-0608 921 , CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of August 2001 PART "A" AUGUSTi AUGUST 2001 2000 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED 954,278 1,386,074 LINEAR PROPERTIES 0 0 LAND SOLD TO lESSMAN CREMATORIUM 54,000 0 RUTHERFORD DONATION-SIDNEY B. RUTHERFORD WOODS WAl 0 10,000 VERIDIAN CORP. - PREPAID INTEREST PROMISSORY NOTE 0 936,000 PROVINCIAL GOV'T-MAIN STREET MILLENNiUM PROJECTS 0 33,762 BOWMANVILLE HERITAGE BOOK SALES 482 0 DEVELOPMENT CHARGES-TOWN 307,150 282,536 GENERAL 525,267 617,883 INTEREST 75,489 763,980 DEVELOPMENT CHARGES-SCHOOL BOARD 48,260 9,783 DEVELOPMENT CHARGES-REGION/PUC 279,720 250,948 2.244,646 4,290,966 USE OF FUNDS: PAYROLL 1,6-14,198 1,465,405 REGION LEVY 0 0 SCHOOL BOARD LEVIES 0 0 GENERAL-INCLUDING CAPITAL EXP:' 3,351,255 2,714,450 4,965,453 4,179,855 NET CASH PROVIDED (USED) (2,720,807 111,111 BANK NET CASH HBI\!\i!Ki BANK BALANCE PROVIDED !i!~LAl!li$B BALANCE FINANCIAL POSITION: JULY 2001 /(USED) ;;Ji:tJG!~dO,1 AUG 2000 GENERAL FUND 2,717,964 (1,303,087) 1;414,877 1,494,796 RESERVE FUND 494,041 520,143 1,014,184 2,094,028 MUNICIPAL BOND INVESTMENTS 2,174,133 10,525 2,184,658 2,049,865 HOST COMMUNITY FUND IN TRUST 10.000,000 0 10,000,000 0 INVESTMENTS (GENERAL + RESERVE FUNDS) 47,316,341 (1,948,388) i4i5i367,;g53 48,625,386 TOTALS 62,702,479 (2,720,807) 59;~81 ,8712 ; 54,264,075 NOTE Ai Difference in comparison between years due to timing difference in receipt of funds, 922 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "8" Continuity of Taxes Receivable for the month of August 2001 JULY AUG'IllST AUGUST 2001 INTEREST TAXES PAYMENTS 200'1 2000 RECEIVABLE ADDED BILLED BALANCE / ADJ UST. ... Note2 CURRENT YEAR PRE-AUTHORIZED PYMT (3,515,513) (457,484) (3,97~;99~~ TAXES 2,051,161 2,051,161 (40,181) 2,010,980, 1,199,624 PENALTY AND INTEREST 78,994 29,199 108,193 (10,844) 97,34$: 122,805 I, FIRST PRIOR YEAR TAXES 3,885,825 3,885,825 (200,342) 3,685,483 2,761,711 PENALTY AND INTEREST 189,739 27,587 217,325 (15,810) 201,51$ 252,418 SECOND PRIOR YEAR TAXES 1,161,956 1,161,956 (79,606) 1 ,082,350 1,375,111 PENALTY AND INTEREST 163,472 13,591 177,064 (13,711) 16!\,3SW 221 ,455 THIRD & PRIOR YEARS TAXES 1,266,521 1 ,266,521 (31,076) 1 ,235,44i4i 1,071,716 PENALTY AND INTEREST 465,271 15,458 480,729 (21,362) i4i59,367 446,672 TOTAL 9,262,938 85,835 0 9,348,772 (412,932) 4;9~2M4: 7,451,511 ... Includes refunds, write-ofts, 496'5, 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 2i For information purposes only. True comparison to prior year not applicable due to changes in the tax legislation. NOTE 3: 2001 Final Tax Billing sent out. Installments due September and October 2001. 923 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "C" STATISTICAL INFORMATION FOR THE MONTH OF AUGUST 2001 AUGUST YEAR TO DATE Tax Certificates 77 698 Number of Properties eligible for Tax Registration (see Note 1) 102 .. see Note 2 Accounts Payable Cheques Issued #44146 to #44743 598 4,350 Number of Births Registered 45 331 Number of Deaths Registered 50 375 Note 1: Only includes those properties whose arrears are greater than $10,000. Note 2: Number of eligible properties for tax registration not applicable for year-to-date comparison, 924 '. CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT AUGUST 31,2001 PART "0" FINANCIAL INVESTMENT INTERES # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE GENERAL FUND TD 1,983,660.00 4.42% 68 2,000,000.00 Sept. 1 0/01 MTL 989,170.00 4.44% 90 1,000,000.00 Oct. 2/01 MTL 4,931,600.00 4.44% 114 5,000,000.00 Sept.28/0 1 MTL 986,560,00 4.44% 112 1,000,000.00 Sept.261O 1 TOTAL GENERAL FUND 8,890,1190.00 RESERVE FUND RBC 182,177.00 6,20% 1,095 218,206.00 Aug 1/03 RBC 1,425,999.88 5.11% 1913 1,851,467.00 June 1/06 RBC 1,683,100.32 5.15% 2019 2,221,035.00 Sept.15/06 WOOD GUNDY 1,855,574.20 5.15% 1913 2,414,000.00 June 1/06 RBC . 295,000.00 8.50% 3285 295,000.00 May 26/04 RBC 774,999.81 5,25% 1249 922,509.00 Dec 15/02 RBC 287,862.47 5.40% 1319 347,702.00 Feb 23/03 RBC 771,999,33 5.40% 1596 970,580,00 Nov 27/03 RBC 1,566,467.00 5.45% 1826 2,042,463.00 Jan,29/06 RBC . 574,000.00 6.25% 548 574,000.00 Dec.30101 RBC . 1,114,680.00 4.90% 730 1,114,680.00 June 26/03 RBC . 500,000.00 6,25% 365 500,000.00 June 21/02 RBC 1,600,000.00 5.05% 365 1,680,800,00 July 12/02 RBC 753,906,65 4.50% 356 787,000,00 Mar. 28/02 RBC . 475,000.00 8.58% 2761 475,000,00 Mar 17/03 RBC . 2,513,000.00 5.00% 365 2,513.000.00 May 9/02 WOOD GUNDY' 250,000,00 6.50% 1839 250,000.00 June 21/03 RBC . 500,000.00 4.25% 365 500,000,00 June 21/02 RBC 601,664.00 5.30% 1461 739,720.00 Feb, 5105 RBC . 1 ,482,702.57 5.50% 1825 1,487,000.00 Feb. 13/06 RBC . 500,000.00 6.10% 365 500,000.00 Sept 7/01 925 <, CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT AUGUST 31,2001 PART "D" FINANCIAL INVESTMENT INTERES # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE RESERVE FUND RBC 1,566,466.88 5.30% 1386 1,904,519.00 Nov. 15/04 RBC 933,400.00 5.20% 1827 1,202,670.00 Nov 12/02 RBC 58,479.40 5.95% 2032 80,639.00 Dec 15/02 RBC 25,125,57 5.95% 2025 34,613,00 Dec 15/02 RBC' 250,000,00 4.75% 1839 250,000,00 June 21/03 RBC 427,625,00 5.50% 1628 542,878,00 Dec 1/01 RBC . 250,000,00 5.25% 180 250,000.00 Jun 21/04 RBC 1,323,000,00 5,00% 365 1,389,150.00 May 1/02 RBC . 1,056,000.00 5.00% 365 1,108,800.00 May 28/02 RBC 20,558,85 5.20% 1310 24,645.00 Jan 9/02 WOOD GUNDY' 638,000.00 5.40% 1598 638,000.00 June 1/05 RBC 945,210.00 5.60% 730 1,054,038.00 Dec.21/02 RBC 43,523.00 5.50% 1095 51,107.00 Dec.21/03 RBC 1,149,347.43 4.60% 329 1,197,000.00 Jan,31/02 RBC 649,589.48 5.95% 1185 783,582,00 Dec 2/01 RBC 942,893.00 6.30% 1825 1,239,904.30 Oct 27/03 RBC 855,000.00 5.35% 1832 1,065,102.90 Mar 1/04 WOOD GUNDY' 485,000,00 4.35% 365 485,000,00 Apr. 1/02 RBC 1,392,611,00 4.60% 365 1,456,671,11 Mar, 15/02 RBC 548,000,00 5.40% 1507 548,000.00 Apr 7/03 RBC 534,978.37 5.20% 1729 679,942.00 Dec 1/03 HSBC 2,514,436,37 4.45% 90 2,542,026.28 Oct. 3/0 1 RBC 118,693.50 5.10% 1976 155,297.00 OCT 15/04 RBC 40891.57 5.20% 482 43,171.00 Dec 15/02 I~OTALRESERVEFUND 36,476,962.65 I~OTALINVESTMENTS 45,367,952.65 . Investment interest paid on a monthly/semi-annual/annual basis 926 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" AUGUST 2001 Develo ment Char es Education Education Town Re ion En lish Se arate En lish Pub Ii Tatra Valley Homes 657,00 2,112.00 10M833 B/P#01.0494-496 Ridge Pine P.ark 21,414.00 657.00 2,112,00 Lots 28A,36A,37 A, 111 B/P#01,0585-587 St. Stephen's Estates 55,328.00 77,152.00 1,752.00 5,632.00 40M2048 L.8, C.2, BowmanviUe B/P#01.0498-503,547-552 St. Stephen's Estates 50,000.00 63,176,00 1 ,752.00 5,632.00 40R20341 L.8, C.2, Bowmanville BIP#01.0472-477,478-479 Oshawa Ski Club 172.85 3,430,00 210.05 664.93 B/P#01.0510 Ontario Power Generation 736.44 2,331.30 B/P#01,0518 Kaitlin Group 27,664.00 38,576,00 876.00 2,816.00 L.17, C.1, Bowmanville 40M2005 B/P#01,0242,250,270,592 673666 Ontario LId, 13,832.00 572.00 438.00 1,408.00 40M2022 B/P#01,0588-589 963639 Ontario LId. 12,500.00 466.00 438.00 1,408.00 (Simkins Homes) 40M1954 B/P#01,0544-545 Hands In Motion 45.19 3.29 10.43 (P.Slemon) 123 King Street East, Bowmanville B/P#01,0625 927 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" AUGUST 2001 Develo ment Char es Education Education Town Re ion En lish Se arate En Iish Public Clarnew Developments 48,412.00 2,002.00 1,533.00 4,928,00 40M2038 B/P#01.0431-432,530-534 Daystar Homes 6,916,00 2,114,00 219.00 704,00 OM2009 B/P#01,0523 Prestonvale Heights 55,701.76 75,028.00 1,752.00 5,632.00 OM1929 B/P#01.0526,540,562-567 T awncor Dav. 1,332.00 40.00 OM 1954 B/P#01.0544-545 Gay Co. 13,832.00 17,164.00 438.00 1,408.00 OM 1994 IP#01.0627-628 OTALS 307,149.80 279,720.00 11,461,78 36,798.66 928 CORPORATION OF THE MUNICIPALITY OF CLARINGTON AUGUST 2001 CONTRiBUTiONS - CASH-iN-LIEU OF PARKLAND Hillside Sodding LD2001-33 & LD2001-34 Robert R. Owen Holdings Ltd. (Roy Nichols Motors) DEV96-064 L.29, C.2, Darlington Manheim's Oshawa Dealers Exchange LD200,.,33 Total Cash-In-Lieu of Parkland Contributions CONTRiBUTiONS - ENGiNEERING AND INSPECTION FEES Total Engineering and Inspection Fees Contributions CONTRIBUTIONS - ROADS Total Roads Contributions 1,990.00 11,500.00 5,829.20 19,319.20 929 PART "E"