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Home My WebLink AboutFND-013-01 " Clw:illgton REPORT FINANCE DEPARTMENT Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MONDAY, DECEMBER 3, 2001 Resolution #:0 fA - /dJ<;-o I Date: Report #: FND-013-01 File #: F/6C../1 By-law #: Subject: CASH ACTIVITY - SEPTEMBER 2001 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report FND-013-01 be received; 2. THAT in accordance with provision of Chapter M-45, Section 79 (1) of the Municipal Act, RS.O, 1990, the Treasurer reports the cash position of the Municipality of Clarington for the month ended September 30, 2001, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of September 2001 be confirmed Submitted by: Reviewed bt:.)~-::.~. Franklin Wu, Chief Administrative Officer. NT/LB/hjl 935 . REPORT NO.: FND-013-01 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 September 30, 2001 and the comparative information for the month ended September 30, 2000. Attachments: Attachment A - Analysis of Revenue and Expenditures Attachment B - Continuity of Taxes Receivable Attachment C - Statistical Information Attachment D - Investments Outstanding Attachment E - 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 936 CORPORATION OF THE MUNtCIPALlTY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of September 2001 PART "A" SEPTEMSE;f:l SEPTEMBER 2001 2000 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED 18,809,258 14,367,639 LINEAR PROPERTIES 1 ,672,946 0 BUILD COURTICE FUNDRAISING 0 4,879 ONTARIO POWER GENERATION - FAMILY SAFETY DAY DONATION 2,000 0 PITS & QUARRIES - 2000 LICENSE FEES 166,972 151,817 DURHAM REGION -1999 PROVINCIAL OFFENCES 166,000 0 BLUE CIRCLE - COVE ROAD & WESTSIDE CREEK BRIDGE 0 733,739 BOWMANVILLE HERITAGE BOOK SALES 326 0 DEVELOPMENT CHARGES-TOWN 246,460 314,777 GENERAL 1,104,614 690,199 INTEREST 172,212 353,343 DEVELOPMENT CHARGES-SCHOOL BOARD 33,794 13,140 DEVELOPMENT CHARGES-REGION/PUC 188,469 382,335 22,585,051 17,011,868 USE OF FUNDS: PAYROLL 1,071,019 950,706 REGION LEVY 0 0 SCHOOL BOARD LEVIES 5,581,641 5,361,092 GENERAL-INCLUDING CAPITAL EXP:' 2,260,667 1,769,941 8,913,327 8,081,739 NET CASH PROVIDED (USED) 13,671 ,724 8,930,129 BANK NET CASH Li Lilli<\NK BANK BALANCE PROVIDED E\{\ILJIJ>j~E BALANCE FINANCIAL POSITION: AUG 2001 /(USED) LisgPT,?P01 SEPT 2000 GENERAL FUND 1,414,877 2,710,550 4,1'25,4:27 8,565,317 RESERVE FUND 1,014,184 846,917 1 ;861;1 01 1,656,913 MUNICIPAL BOND INVESTMENTS 2,184,658 10,095 2,194,753 2,073,476 HOST COMMUNITY FUND IN TRUST 10,000,000 0 10;099,"00 0 INVESTMENTS (GENERAL + RESERVE FUNDS) 45,367,953 10,104,162 55,472,1.1,5 50,898,497 TOTALS 59,981,672 13,671 ,724 73,f,>sMgp 63,194,203 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 937 PART "8" CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of September 2001 AUGUST Sl:P'lIIiiiMI'lIiiR SEPTEMBER 2001 INTEREST TAXES PAYMENTS 200,1 2000 RECEIVABLE ADDED BILLED BALANCE IADJUST. :10*"" ~.QI';~L. Note 2 CURRENT YEAR .... PRE-AUTHORIZED PYMn (3,972,997) (3,972,997) 1,717,395 (2,Z~M02) TAXES 2,010,980 20,506,272 22,517,252 (23,247,163) '(729,911 ) 5,841,569 PENALTY AND INTEREST 97,349 27,782 125,131 (44,207) 80,924' 132,529 , FIRST PRIOR YEAR TAXES 3,685,483 3,685,483 (338,572) 3;346,911 2,314,307 PENALTY AND INTEREST 201,515 26,212 227,727 (36,847) 1,90;880 245,699 SECOND PRIOR YEAR TAXES 1,082,350 1,082,350 (108,638) ~73,712 1,168,906 PENALTY AND INTEREST 163,353 13,029 176,382 (19,655) 156,1Z1 211,179 THIRD & PRIOR YEARS TAXES 1 ,235,444 1,235,444 (74,256) 1;i1?1;188 1,019,189 PENALTY AND INTEREST 459,367 15,070 474,436 (27,083) 447,353' 444,627 TOTAL 4,962,844 0 20,588,365 25,551,209 (22,179,027) q,37?,182, 11,378,005 ... 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 2: For information purposes only. True comparison to prior year not applicable due to changes in the tax legislation. NOTE 3: Mortgage companies paid the October 25th, 2001 installment in advance, 938 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART lie" STATISTICAL INFORMATION FOR THE MONTH OF SEPTEMBER 2001 SEPTEMBER YEAR TO DATE Tax Certificates gO 788 Number of Properties eligible for Tax Registration (see Nole 1) 103 .. see Note 2 Accounts Payable Cheques Issued #44744 to #45206 463 4,350 Number of Births Registered 23 354 Number of Deaths Registered 26 401 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. 939 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT SEPTEMBER 30, 2001 PART "0" L INVESTMENT INTERES # OF DAYS MATURITY MATURITY J~ITUTION COST RATE O/S VALUE DATE GENERAL FUND TO 5,992,020.00 3.46% 14 6,000,000.00 Oct. 3/01 MTL 989,170.00 4.44% 90 1,000,000.00 Oct. 2/01 ~D 997,920,00 3.46% 22 1,000,000.00 Oct.11/01 ~D 2,993,280,00 3,42% 24 3,000,000,00 Oct. 15101 TO 2,987,670.00 3.35% 45 3,000,000.00 Nov. 5/01 CIBC 4,981,700,00 3.35% 40 5,000,000.00 Nov. 7/01 TOTAL GENERAL FUND 18,9M,760.00 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. 15106 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. 13/06 940 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT SEPTEMBER 30, 2001 PART "D" I I 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 1105 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.21103 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 1103 HSBC 2,514,436.37 4.45% 90 2,542,026.28 Oct. 3/01 RBC 118,693.50 5.10% 1976 155,297.00 Oct. 15/04 RBC' 553,392.00 3.70% 732 553,392.00 Sept. 23/03 RBC 40891.57 5.20% 482 43,171.00 Dec 15/02 TOTAL RESERVE FUND ~6 ,S30,~54;6() TOTAL INVESTMENTS 9()ii4i72,114,65 , Investment interest paid on a monthly/semi-annual/annual basis 941 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" SEPTEMBER 2001 H'I'~llIl Education Education Development Charges Town Region English Separate English Public Gallaro Construction 1(\~"."ri 286.00 9,644.00 219.00 704.00 40M-2038 ,". 60 Bloom Ave, Newcastle BIP #01,0603 St Stephens Estates 34,966.00 13,832,00 19,288.00 438.00 1,408,00 141 & 145 Guildwood, Bowmanville B/P #01.0614, 615 Ridge Pine Park 47,034.00 41,496.00 - 1,314,00 4,224.00 BIP #01.0719 to 724 ..,. .. Ridge Pine Park 7,839,00 6,916,00 - 219.00 704.00 L.38A BIP #01,0716 . Gallaro Construction 6,630.00 6,630,00 - - - 40M-2038 L.64 BIP #01.0603 Clarington Gymnastics Academy 6,320,37 6,320.37 - - - non-Residential BIP #01.0633 Clarview Developments 8,12~,00 6,916.00 286.00 219.00 704.00 40M-2038 L16 B/P #01,0425 Steve Devecseri Construction 17,483.00 6,916,00 9,644.00 219.00 704.00 L.35 C.2 15 Townllne Rd. S., Courtice B/P #01.0624 Ron Forrester 9,953.00 6,916.00 2,114.00 219.00 704.00 40R 14432 38 Water Sf., Kendal B/P #01,0631 Daystar Homes 9,953.00 6,916,00 2,114,00 219.00 704,00 40M-2009 L.1, 2 Venton Crt, Tyrone B/P #01.0622 94i .. CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" SEPTEMBER 2001 Education Education Development Charges Total Town Region English Separate English Public Joseph Galloro 17,483.00 6,916.00 9,644,00 219.00 704.00 40M-2038 L.102 B/P #01,0643 St Stephens Estates 104:l1$8;PQ 41,496.00 57,864.00 1,314.00 4,224.00 40M20576 L.28,29,30, Bowmanville B/P #01.0634, 648,651,653 Storage Depot Inc, 14;<l69H8 4,902.06 8,278.84 357.42 1,131.46 CM1223 BIP #01.0608 - 609 Med-Tri Developments 65,664,00 27,664,00 34,328,00 876.00 2,816,00 40R-19533 BIP #01.0656 - 659 Halminon Bldg. Corp. 1M83;00 6,916.00 9,644.00 219.00 704.00 40R19834 L.33C2, 900sgoode Gate Courtice B/P #0 1, 0673 Prestonvale Heights 32,935.44 13,925.44 17,164.00 438.00 1,408.00 40M-1929 L.34C2 B/P #01.0660, 661 D Wilson 9,953;00 6,916.00 2,114.00 219,00 704.00 1980 Concession Rd 10 BIP #01.0672 Salvatore Ferrara 9,953.00 6,916.00 2,114.00 219.00 704.00 L.18, Con 2 4014 Hwy#2, Clark BIP #01.0618 Jean Appleby 9,953,00 6,916,00 2,114.00 219.00 704,00 10R329 9400 Grasshopper Park Rd. BIP #01.0644 P Christensen 9;953.00 6,916.00 2,114.00 219.00 704.00 7700 Carscadden Dr. BIP #01,0620 943 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" SEPTEMBER 2001 Education Education Development Charges nt!ffi!1 Town Region English Separate English Public 10 T-D Bank (Gamble) 923:00 - - 219,00 704.00 16Axi Crt BIP #01.0654 Ridge Pine Park 15,678,00 13,832,00 - 438.00 1,408.00 L.31&179 Willmont Creek BIP #01.0817 - 818 TOTALS 468,722.59 246,459.87 188,468.84 8,022.42 25,771.46 CONTRIBUTIONS - CASH-IN-LIEU OF PARKLAND Rogers SPA-2001-039. Dev 01-057 600.00 Microcell Connexions SPA-2001-020 1,800.00 Microcell Connexions SPA-2001-028 1,800,00 4,200.00 CONTRIBUTIONS. ENGINEERING AND INSPECTION FEES Orchard Park Estates-Refund of overpayment 18T-87057 (2,359,35) Total Engineering and Inspection Fees Contributions (2,359,35) CONTRIBUTIONS - ROADS Eiram Dav. Soper Cr. Erosion 2,048.00 2,048.00 4