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Home My WebLink AboutTR-09-01 . THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Date: February 19, 2001 File # rltJ c/f Res # C;!ff -/3';-:-0 { Meeting: General Purpose and Administration Report #: TR-09-01 FILE#: By-law # Subject: CASH ACTIVITY REPORT - DECEMBER 2000 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-09-01 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 December 31, 2000, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of December 2000 be confirmed. BACKGROUND 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 December 31, 2000 and the comparative information for the month ended December 31, 1999. Reviewed by, ()~~ (b(\ Frankiin Wu, Chief Administrative Officer. MM/LG/hjl Attachments 9r2 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of December 2000 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED HEADS & BEDS LINEAR PROPERTIES FEDERAL MINISTRY - NEWCASTLE BREAKWALL FEDERAL GOV'T-WASTE MGMT STUDY--PORT GRANBY PROVo MINISTRY - SAMUEL WILMOT NATURE AREA ORONO ATHLETIC ASSOCIATION -1ST REPAYMENT OF LOAN SALE OF LAND BOWMANVILLE HERITAGE BOOK SALES VERIDIAN PROMISSORY NOTE INTEREST SUBSIDIES: HANDI-TRANSIT DEVELOPMENT CHARGES-TOWN GENERAL INTEREST DEVELOPMENT CHARGES-SCHOOL BOARD DEVELOPMENT CHARGES-REGION/PUC USE OF FUNDS: PAYROLL REGION LEVY SCHOOL BOARD LEVIES GENERAL-INCLUDING CAPITAL EXP." NET CASH PROVIDED (USED) FINANCIAL POSITION: GENERAL FUND RESERVE FUND MUNICIPAL POOLED INVESTMENTS MUNICIPAL BOND INVESTMENTS INVESTMENTS (GENERAL + RESERVE FUND) TOTALS Ps()s~~sifl DECEMBER '\~i:i(l 1999 ...... ,... .......". .-.--.-...',,'. .-.,-. ,... ...----. . . ... .. .......". .......". $:1$$ ~$e .-.... ,... ...... .... .......... ........... ...". ,... ...... ,. . .......". ,".-,',-.-.", '".-' .-.". ,... .-.-.-.'-.-.-........ . ... ... . .-.,-. ,... ...... ,... .......... ."....". ".-.-,-.-." ."-' .-.". ,... .--.--.... ..... .. .......". . .'. ". ...... .. ... . .-.". ,... ...... ,... .......". ........". ii!i$ $~~ M~p ~:3$ M9~ ~qi:i jM.a2 095 8,132,877 o o 10,000 o 22,000 o o o 948,000 234,862 731,335 149,786 o 222,667 10,451,527 908,196 4,592,392 5,195,497 2,556,832 13,252,917 2,801,390 BANK NET CASH BALANCE PROVIDED NOV.30/00 I USED 2.606,853 1,366,454 166,587 141 91,378 (51,001) 2,089,188 10,725 52,915,654 8,808,947 57,869,661 7,482,628 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. " 913 W"Ni<' ~~P\N8!$ .OeGc31}QiJ ....."., . .'"....... ."..".".. .',','.-.",','."'.-' .",."... '. .........--.. . . .. ......,."... '.' ....-.-. 3;.97.3.:3O..Y . '." .... ............-.. j~$;ti$ 4P,~tf ?;%J~,~1 ~ 44;10~:7!i7 PART "A" BANK BALANCE DEC.31/99 2,449,406 2,638,446 3,820 o 35,957,234 ........'.'..,..-..-.-... .-.-.....-,...... :<-,-,.:-;-:.,.'.,..... .,-,-,-,-:-:-;-:-:.".,.:. .-........., sli;sai:~2 41,048,906 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of December 2000 PART "B" NOVEMBER 2000 INTEREST RECEIVABLE ADDED TAXES BILLED PAYMENTSffi7~~~~m~ BALANCE IADJUST. ... DECEMBER 1999 Note 2 PREPAID TAXES CURRENT YEAR TAXES 4,293,819 112,096 4,405,915 4,608,600 PENALTY AND INTEREST 156,700 53,782 210,482 245,790 FIRST PRIOR YEAR TAXES 2,078,119 167,439 2,245,558 1,731,333 PENALTY AND INTEREST 213,307 23,284 236,591 280,146 SECOND PRIOR YEAR TAXES 966,668 11,697 978,365 657,947 PENALTY AND INTEREST 172,082 11,795 183,877 163,319 THIRD & PRIOR YEARS TAXES 949,392 949,392 747,599 PENALTY AND INTEREST 409,340 11,880 421,221 451,666 TOTAL 9,239,427 100,742 291 ,233 9,631,401 8,886,400 Includes refunds, write-offs, 496's, 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. 914 . . CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "C" STATISTICAL INFORMATION FOR THE MONTH OF DECEMBER 2000 DECEMBER YEAR TO DATE Tax Certificates 70 1,329 Number of Properties eligible for Tax Reqistration (see Note 1) 129 .. see Note 2 Accounts Payable Cheques Issued #39891 to #40393 503 6,685 Number of Births ReQistered 20 472 Number of Deaths ReQistered 59 510 Note 1: Only includes those properties whose arrears are greater than $10,000. Note 2: Number of eligible properties for tax registration not applicable for year-to-date comparison. - 915 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT DECEMBER 31,2000 PART "D" FINANCIAL INVESTMENTINTERES # OF DAYS MATURITY MATURITY INSTITUTION COST RATE OIS VALUE DATE GENERAL FUND MTL 1,992,460.00 5.75% 24 2,000,000.00 JAN.12/01 MTL 1,988,420.00 5.75% 37 2,000,000.00 JAN.25/01 MTL 4,933,750.00 5.70% 86 5,000,000.00 MAR.15/01 TD 996,790.00 5.60% 21 1,000,000.00 JAN.12/01 TOTAL GENERAL FUND ....~,$tt4~OJOO... RESERVE FUND RBC 182,177.00 6.20% 1,095 218,206.00 Aug 1/03 RBC 1,001,705.00 6.80% 1828 1,392,611.00 Mar 15/01 RBC 1,343,186.32 5.60% 363 1,418,000.00 Mar 01/01 WOOD GUNDY' 1,787,000.00 6.75% 346 1,787,000.00 Mar 01/01 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 287,862.48 5.40% 1319 347,702.00 Feb 23/03 RBC 771,999.33 5.40% 1596 970,580.00 Nov 27/03 RBC 2,937,000.00 6.00% 1460 3,641,880.00 Jan.26/04 RBC . 574,000.00 6.25% 1644 574,000.00 Dec.30/04 RBC . 500,000.00 5.75% 1826 500,000.00 June 21/05 RBC 1,584,859.95 5.75% 345 1,671,000.00 July 19/01 RBC 620,220.69 5.15% 1007 711,752.00 Apr 5/01 RBC . 475,000.00 8.58% 2761 475,000.00 Mar 17/03 RBC 99,999.64 7.10% 1906 143,061.00 May 14/01 RBC . 993,000.00 6.25% 1,095 993,000.00 May 23/03 WOOD GUNDY' 250,000.00 6.50% 1839 250,000.00 June 21/03 RBC 354,000.00 5.10% 368 372,054.00 Feb. 5/01 RBC 1,417,032.00 5.10% 366 1,489,300.63 Feb. 7/01 RBC . 500,000.00 6.10% 365 500,000.00 Sept 7/01 916 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT DECEMBER 31,2000 PART "0" I I FINANCIAL INVESTMENT INTERES # OF DAYS MATURITY MATURITY INSTITUTION COST RATE OIS VALUE DATE RESERVE FUND RBC 180,862.43 5.63% 1549 228,160.00 Feb 1/01 RBC 933,400.00 5.20% 1827 1,202,670.00 Nov 12/02 RBC 58,479.40 5.95% 2032 80,639.00 Oec 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 1,109,500.90 5.05% 1213 1,307,911.00 Apr 1/01 RBC 20,558.85 5.20% 1310 24,645.00 Jan 9/02 WOOD GUNDY 648,000.00 6.05% 397 690,641.06 Jan 15/01 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 898,314.97 5.00% 919 1,037,435.00 Mar. 8/01 RBC 2.160,071.68 5.70% 970 2,503,270.00 May 1/01 RBC 1,233,830.84 5.95% 1002 1,445,952.00 Jun 2/01 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 500,000.00 5.35% 1825 500.000.00 Apr. 16/03 RBC 1.683,101.00 5.30% 1096 1,683.101.00 Mar 3/02 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 Hong Kong 2,429,486.17 5.85% 90 2,464,530.68 Feb.5/01 RBC 118,693.50 5.10% 1976 155,297.00 OCT 15/04 TOTAL RESERVE FUND .$4,1$Ma7>~7.., .,........-.....-.-...-.....-.;.:. .._-.-..-....., . . ._'...................-.....-..,..,.,. .,...--..-.........--. ..........._--. .,.-..-..-.....".,' . .,..............-.....-..,-,..,..... .-.--.-..-....., ... .,'--.-............ ..-..-....."._.. TOTAL INVESTMENTS 44.ioMi:l71gt . Bond investment. Interest paid on a monthly/semi-annual/annual basis 917 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" DECEMBER 2000 Education Education Development Charges 'tbtill Town Region English Separal< English Public A. Sragg 8,743.00 5.875.00 1,945.00 219.00 704.00 Res. Dev. Form 47936 L., 3, C., 9. Darlington SIP #00.0924 .... , L. Halminen I. 5,875.00 8.874.00 219.00 704.00 Res. Dev. Form 47752 L., 33. C.. 3, Darlington SIP #00.0943 .' Keuning Construction 2,868.00 - 1,945.00 219.00 704.00 40M 1826 34 Virtue Court, Enniskillen SIP #00.0935 SI. Stephens Estates 31,344.00 11.750.00 17,748.00 438.00 1,408.00 40M1977 SIP #00.0846,847 .:. <..... Delta Rae Homes 'M 70,500.00 106,488.00 2,628.00 8,448.00 40M2005 '.- L., 17, C., 1. Darlington SIP #00.0742,743, 746, 748, 752, 754, 755, 756, 758, 759, 760, 764 Halloway HOldings 8,145.13 1,895.16 5,000.00 300.07 949.90 SIP #00.0919 Greg Powles 656.90 , 219.00 437.90 - 10M815 L., 20, C.. 7, Clarke B/P #00.0944 Kaitlin Group 423,184,00 184,500.00 232.840.00 6,132.00 19,712.00 40M2005 L.. 17. C., 1, Darlington SIP #00,0958, 959, 961,962, 965-986, 988 Kaillin Group 250,752.00 94,000,00 141.984.00 3,504.00 11,284.00 40M2005 L., 17, C., 1, Darlington SIP #00.0738-741. 744, 745. 747, 749-751,753,757,761-763, 765 Fridel Ltd., 29,390.00 11,750,00 15,794.00 438.00 1,408.00 40R19730 Sip #00.0994, 995 , City Homes 188;084.00 70,500,00 106,488,00 2,628.00 8,448.00 40M2022 L., 12, C., 2, Bowmanville SIP #00.0949-954, 1014-1019 . . - . . . - CORPORATION OF THE MUNICIPALITY OF ClARINGTON PART "Eft DECEMBER 2000 Education Education Development Charges Total Town Region English Seoarate English Public Gay Company Limited 29,390.00 11,750.00 15.794.00 438,00 1,408.00 40M1994 l., 30, C.. 2, Darlington BIP#00.1010, 1011 ,... ...., TOTALS 448,395.16 654,900.00 17,382.07 55,595.80 919