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Home My WebLink AboutTR-25-01 ~ THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration File # FlO(A Res ~fl!l--2)J -0/ Date: May 22, 2001 Report #: TR-?5-01 FILE#: By-law # Subject: CASH ACTIVITY REPORT - FEBRUARY 2001 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-25-01 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 February 28, 2001, is as shown on the attached schedule; and 3, THAT Part "A" of the expenditures for the month of February 2001 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 February 28, 2001 and the comparative information for the month ended February 28, 2000, submitted, Reviewed by, cj ta.JJ2_~ arie Marano, H.BSc., A.M.CT, C.M.O" Treasurer. Franklin Wu, Chief Administrative Officer. MM/LG/hjl Attachments 908 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of February 2001 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED LINEAR PROPERTIES NEWCASTLE & DISTRICT CHAMBERS OF COMMERCE - ROAD WATCH PROGRAM DURHAM CENTRAL AGRICULTURAL SOCIETY-2nd LOAN REPAYMENT BOWMANVILLE HERITAGE BOOK SALES 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 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 909 PART IIA" Pp~~Q4~Y FEBRUARY /i!Qtj1 2000 4,841,321 o 500 o o 70,954 600,142 442,827 o 150,272 6,106,016 1,212,967 o o 2,225,903 3,438,870 2,667,146 .',.., IilANK .. .....- ............. ~~~~~T BANK NET CASH BALANCE PROVIDED JAN, 2001 / USED 3,488,340 637,649 1,572,666 2,110,824 41,726,724 1,325,763 150,483 (1,555,836) 9,807 1,238,925 BANK BALANCE FEB. 2000 ',............ ',',',....... " ',', ',...., ,.. . .... ',',"',-,"'-'--'-" ......"..... .-."...... ',"',',.----.. .. ..... ',--,."..... , ,",',',.-... .,4, ;\l1,4:J(l;:! ... ....... " '7"ilS' '1' '32"'" ',' , , . - . ... :>~ ,~- .'./:: :.: .::: /1(3,8$0 ',.-......... ~:1@,$~( 42965.(350 4,930,248 2,128,462 16,192 o 37,077,685 ...."..... . ............. .-.-,-,-,'.-.-... .. .,.;.,.:.:.,.:-:.:.,-:<. .-.-,-..,-............ "',"'-"-'-'-'-" 49,536,204 1,169, 14250700:3#6L 44,152,587 '- CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of February 2001 CURRENT YEAR TAXES PENALTY AND INTEREST FIRST PRIOR YEAR TAXES PENALTY AND INTEREST SECOND PRIOR YEAR TAXES PENALTY AND INTEREST THIRD & PRIOR YEARS TAXES PENAL TV AND INTEREST TOTAL ... JANUARY 2001 INTEREST RECEIVABLE ADDED TAXES BILLED rp~@,!\,~Y PAYMENTS*~(:iF> BALANCE /ADJUST.... ,>>""""" (2,517,545) 871 25 (2,517,545) 846 5,114,795 182,500 43,010 5,114,795 225,510 2,159,363 10,450 2,169,813 202,037 21,477 223,514 2,179,414 2,179,414 550,487 22,638 573,125 7,870,181 87,150 10,450 7,967,781 Includes refunds, write-offs, 496's, etc. NOTE 1: Tax payments do not tie into Part A due to 1iming differences since Part A is on a cash basis (ie, difference due to outstanding deposits) .........., -,.. ..--......, ,..., ...,.....-.. .... .............-.....-....,..... . . ',' - . . . . . , . .. . ..,.......-...-.-....,.....,.. .....-......... .......---..... . . . . . . . . . . ',' - . . ....-....., .." ..-.......-..-.-. . . ......... ... ... ............ .......-........ ..-.-...-........-..,'....... ......-..,...-..... ........ .. .... ...-........._-.. ....--.-......,. .,.,.....,........-..,.,....".,. ~~~~~:~~~ ........._'..... ..-........... ....,..-.....-.... '-','-'- .......-.-..,.. ." . . ......,.-...-..-. .........-- . .. .._-.-...... .. ..-....-..-..-.... .-..-.-................... .-.....-..-.....-....-........ .._..-........ ...._..-.....-.-..,..-. ..._-.... ,-:-:.:,;..... (93,340) ., 17,970 .. ........ --. ...-..-........ .-.-...-..-.....-..,.......-.. .....-..-.._.... .._._........-...-... ..-.... : : ! i : i : : : i ! i ! ~ ! i ~ i : i ! ! ! i ~ i ! i ! : (1~~::~~) ..~':~~:~~~ ..............-................ ._..-.........-. ................. ..............-.........._...... ....-..-......-. ...-.....-........-....-........ ......-......... ................-................ ....-.........-. 2,578,764H$);\l!S;Ott PART "B" FEBRUARY 2000 Note 2 4,391,693 269,970 1,707,413 261,855 1,336,863 500,023 4,995,606 NOTE 2: For information purposes only. True comparison to prior year not applicable due to changes in the tax legislation. NOTE 3: Final 2001 budget not yet determined NOTE 4: Current year taxes are in a negative position because they represent prepaid taxes. 910 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "C" STATISTICAL INFORMATION FOR THE MONTH OF FEBRUARY 2001 FEBRUARY YEAR TO DATE Tax Certificates 63 101 Number of Properties eligible for Tax Reaistration (see Note 1) 130 .. see Note 2 Accounts Payable Cheques Issued #40994 to #41467 474 1,074 Number of Births Registered 60 106 Number of Deaths Registered 50 85 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. 911 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT FEBRUARY 28, 2001 PART "0" I I FINANCIAL INVESTMENT INTERES # OF DAYS MATURITY MATURITYII INSTITUTION COST RATE O/S VALUE D'T~ GENERAL FUND MTL 4,933,750.00 5.70% 86 5,000,000.00 MAR.15/01 TD 3,478,475.00 5.38% 42 3,500,000.00 MAR. 28/01 TOTAL GENERAL FUND a,4n~:~;OQ 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 Dee 1 5/02 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 Dee.30/01 RBC . 500,000.00 5.75% 365 500,000.00 June 21/01 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% 365 993,000.00 May 23/01 WOOD GUNDY' 250,000.00 6.50% 1839 250,000.00 June 21/03 RBC 601,664.00 5.30% 1461 739,720.00 Feb. 5/05 RBC . 1,487,000.00 5.50% 1825 1,487,000.00 Feb. 13/06 RBC . 500,000.00 6.10% 365 500,000.00 Sept 7/01 912 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT FEBRUARY 28,2001 I FINANCIAL INSTITUTION RESERVE FUND RBC RBC RBC RBC RBC' RBC RBC * RBC RBC WOOD GUNDY' RBC RBC RBC RBC RBC RBC RBC RBC WOOD GUNDY * RBC RBC RBC Hong Kong RBC TOTAL RESERVE FUND TOTAL INVESTMENTS PART "0" INVESTMENT INTERES # OF DAYS MATURITY MATURITY COST RATE O/S VALUE DATE 1 ,566,466.88 933,400.00 58,479.40 25,125.57 250,000.00 427,625.00 250,000.00 1,109,500.90 20,558.85 638,000.00 945,210.00 43,523.00 898,314.97 2,160,071.68 1,233,830.84 649,589.48 942,893.00 855,000.00 500,000.00 1,683,101.00 548,000.00 534,978.37 2,464,920.06 118,693.50 S4$SS424Jjp ........-.......... .,..........--..... ....,...,.,....................'.'... "'-""""""'-""',' ',.,.,.....................,..'.. " .,.,....... - . . . , . ...,....-..,.....,.....,.,...... .-.:.,--........-...... ..-...,..-......,.,.....,.,-.-....,.. 4M~$:ii4$,~on 5.30% 5.20% 5.95% 5.95% 4.75% 5.50% 5.25% 5.05% 5.20% 5.40% 5.60% 5.50% 5.00% 5.70% 5.95% 5.95% 6.30% 5.35% 5.35% 5.30% 5.40% 5.20% 5.40% 5.10% 1386 1827 2032 2025 1839 1628 180 1213 1310 1598 730 1095 919 970 1002 1185 1825 1832 1825 733 1507 1729 30 1976 * Bond investment. Interest paid on a monthly/semi.annual/annual basis 913 1,904,519.00 1,202,670.00 80,639.00 34,613.00 250,000.00 542,878.00 250,000.00 1,307,911.00 24,645.00 638,000.00 1,054,038.00 51,107.00 1,037,435.00 2,503,270.00 1,445,952.00 783,582.00 1,239,904.30 1,065,102.90 500,000.00 1,683,101.00 548,000.00 679,942.00 2,475,860.25 155,297.00 Nov. 15/04 Nav 12/02 Dee 15/02 Dee 15/02 June 21/03 Dee 1/01 Jun 21/04 Apr1/01 Jan 9/02 June 1/05 Dee.21/02 Dee.21/03 Mar. 8/01 May 1/01 Jun 2/01 Dee 2/01 Oe127/03 Mar 1/04 Apr. 16/01 Mar 5/01 Apr 7/03 Dee 1/03 Mar. 7/01 OCT 15/04 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART"E" FEBRUARY 2001 Development Charges Education Education .' Total Town Regionl English Separate I English Public 51. Stephens' Estates ;;';!! ",",;;< 62.500,00 78,970,00 2,190,00 7,040.00 40M 1977 ';<""" L., 8, C., 2, Bowmanville SIP #01.008-12,15-17 Chance Stables 483,95 0.00 483.95 SIP #01-1036 '. 673666 Ontario 29,391.00 0.00 26,622.00 657.00 2,112,00 40M2022 L., 12, C., 2 Sowmanville SIP #01,0041, 42, 56 , ! !. Celestial Homes lU;i)<lI,yy 6,250,00 1,945,00 438,00 1,408.00 40M2009 L., 33, C., 2, Darlington SIP #00.0882 Kaitlin Group 64,188:00 25,000.00 35,496,00 876.00 2,816,00 40M2005 L., 17, C., 1, Darlington SIP #00.0960, 963, 964, 1002 Ridge Pine Park ;:,173,00 6.250,00 219,00 I 704.00 !, SIP #01.0061 ", ; ',! .! Andelwood Homes 6,250.00 1,945,00 219.00 704,00 10M808 L., 32, C., 4, Darlington SIP #01-0053 , Clarnew Developments 7,436,00 6,250,00 263,00 219,00 704.00 40M 1976 SIP #01.0071 Adam Cummings 923.00 0.00 219.00 704,00 5Sunny Ridge Trail Enniskillen SIP #01,0102 TOTALS 279;453.9$ 112,500.00 145,241.00 I 5,520.95 I 16,192.00 914 : CORPORATION OF THE MUNICIPALITY OF ClARINGTON PART "E" FEBRUARY 2001 CONTRIBUTIONS - CASH-IN-L1EU OF PARKLANO 1413345 Ontario Inc., LD 244-250/01 13.750,00 Total Cash~in-Lieu of Parkland 13,750.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Marianna Developments LD 227-231/33 200,00 Total Engineering and Inspection Fees Contributions 200.00 CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 915