HomeMy WebLinkAboutTR-41-01
THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Meeting:
General Purpose and Administration Committee
File #: F;;zo
Res.#:GlfJ- <;11-0/
Date:
June 18, 2001
Report #:
Subject:
TR-41-01 File #:
By-Law #:
ANNUAL STATEMENT FOR THE DEVELOPMENT
CHARGES RESERVE FUNDS FOR THE YEAR
ENDED DECEMBER 31, 2000
Recommendations:
It is respectfully recommended the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report TR-41-01 be received for information.
Background & Comments:
1.0 In accordance with Bill 98, an Act to promote job creation and increased municipal
accountability while providing for the recovery of development costs related to new
growth, Schedule "A" attached shows the activity in the new Development Charges
Reserve Funds for the year ended December 31, 2000.
2.0 For the year ended December 31, 2000, a total of 679 residential building permits
were issued. Approximately 596 units were anticipated through the 2000
development charge study review and update. Also, a total of 19 capital projects
have been financed by the Development Charges Reserve funds.
y submitted,
Reviewed by:
A 'e( ..
L~ {i(~vCY~' C~nt
Franklin Wu, M.C.I.P.,R.P.P.,
Chief Administrative Officer.
a e A. Marano, H.BSc.,AMCT, CMO,
Treasurer.
MM/LG/hjl
Attachments
923
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MUNICIPALITY OF ClARINGTON
DEVELOPMENT CHARGES RESERVE FUNDS STATEMENT
FOR THE 2000 YEAR
SCHEDULE A
2000 DEVELOPMENT CHARGES STUDY REVIEW & UPDATE
GENERAL LIBRARY FIRE INDOOR PARK DEV. PUBLIC WORKS ROADS AND STORMWATER TOTAL
GOVERNMENT BOARD DEPARTMENT RECREATION AND FACILITIES DEPARTMENT RELATED DRAINAGE &
CONTROL SERVo
Balance as of December 31, 1999 (11,097) 510,381 (419,178) 653,933 (135,397) (61,490) (3,065,985) (2,528,832)
PLUS;
Development Charge Proceeds (69,777) (203,396) (182,951) (639,332) (508,850) (224,720) (1,636,022) (3,465,050)
Accrued Interest Apportionment (1,542) (35,929) (31,631) (13,425) (283,595) (366,123)
Transfer from Reserve Fund
Transfer from Revenue Fund (94) (94)
SUBTOTAL (71,319) (203,396) (218,880) (639,332) (540,482) (238,145) (1,919,712) (3,831,267)
LESS:
Amount Transferred to Capital Fund' 62,524 1,533 26,596 77,735 35,780 1,617,443 1,821,610
Transfer to Revenue Fund 20,000 128,069 148,069
SUBTOTAL 82,524 128,069 1,533 26,596 77,735 35,780 1,617,443 1,969,679
--.0 ClosinQ Balance as of December 31, 2000 107 435,054 (836,525) 41,197 (598,144) (263,856) (3,366,254) (4,390,419)
N Committed Amounts from Prior Years .. 100,837 153,422 499,264 51,770 491,398 1,296,692
+:>
Balance Available for Future Needs 107 435,054 (535,687) 194,619 (98,879) (212,086) (2,876,856) (3,093,728)
. See Schedule C and Sectlon 3.0 & 4.0 of report
.. See Schedule B
NOTE:
Total Development Charges collected on behalf of the Region in 2000 3,726,083
Less: Amounts paid 10 the Region (3,213,183)
Total Development Charges due 10 Ihe Region al December 31, 2000 512,900
YEAR
MUNICIPALITY OF CLARINGTON
OEVELOPMENT CHARGES RESERVE FUND STATEMENT
FOR TH E 2000 YEAR
SCHEDULE B
COMMITTED AMOUNTS FROM PRIOR YEARS' BUDGETs/COUNCIL APPROVALS
PROJECT I DESCRIPTION
AMOUNT
COMMITTED
RESERVE FUND, ROADS AND RELATED DEVELOPMENT CHARGE
1999 to 2000 Capital Budget
-road reconstruction
-equipment
-sidewalks
-street lights
-road surfacing
RESERVE FUND,
2000 Capital
RESERVE FUND,
1999 Capital
1999 Capital
RESERVE FUND,
2000 Capital
2000 Council
RESERVE FUND,
2000 Capital
194,541
18,286
77,777
159,144
41,650
Total
491,398
INDOOR RECREATION DEVELOPMENT CHARGE
-Courtice Community Centre - fitness Centre expansion
153,422
FIRE DEPARTMENT DEVELOPMENT CHARGE
-Vehicles & Heavy Equipment
-Land Acquisition
737
100,100
Total
100,837
PARK DEVELOPMENT & FACILITY DEVELOPMENT CHARGE
-Darlington Green NBHD Park development
-Courtice Parks Baseball Assoc.-batting cage Penfound Park
492,977
6,287
Total
499,264
PUBLIC WORKS DEPARTMENT DEVELOPMENT CHARGE
-miscellaneous equipment
51,770
Total
TOTAL COMMITTED TO DEVELOPMENT CHARGES RESERVE FUNDS
51,770
1,296,692
925
,
MUNICIPALITY OF CLARINGTON SCHEDULE C
DEVELOPMENT CHARGES RESERVE FUND STATEMENT
FOR THE 2000 YEAR
CAPITAL EXPENDITURES
ole R/F NON Die KIF
AMOUNT FINANCING FINANCING DESCRIPTION
General Government:
Consulting Services - Development Charges Study Review 80,851 62,524 General Government DIG R1F
18,327 Municipal Capital Works R1F
Fire Department
Land Acquisition 1,999 1,533 Fire Department DIG RIF
466 Municipal Capital Works RtF
Indoor Recreation:
Design Fees - expansion eee fitness centre 29,531 26,578 Indoor Recreation DIG R1F
2,953 Tax Levy
FFC Skateboard park 18 18 Indoor Recreation ole R1F
Park Development and Facilities:
Darlington NBHD park development 75,533 74,022 Park Dev. & Facilities DIG R1F
1,511 Tax Levy
Batting Cages for Penfound Park 3,713 3,713 Park Dev. & Facilities D/C RlF
Public Works Department:
Purchase Misc. Equipment Hampton 8,808 6,622 Public Works Department DIC RlF
2,186 Tax Levy
Purchase New Equipment Hampton 29,157 29,157 Public Works Department D/C R1F
Roads and Related:
Panic doors. Hampton 1,344 1,344 Roads and Related DlC R1F
Hwy#2 Courtice . Street Lighting 100,976 100,976 Roads and Related D/C R1F-
Means Ave, BowmanviJIe 637,970 528,367 Roads and Related D/C RlF
102,751 Tax Levy
6,852 Roads Contribution RlF
Nash Road, Courtice 1,070,317 814.297 Roads and Related D/C RlF
195,120 Tax levy
60.900 Roads Contribution RlF
Trulls Road, Courtice 21,895 18,611 Roads and Related D/C R1F
3,284 Public Works & Parks Capital R1F
Martin Road, Bowmanville 6.933 (33.334) Roads and Related D/C RlF
(13.123) Public Works & Parks Capital R1F
50.000 Roads Contribution RIF
3,390 General Capital Reserve
High Street, Bowmanville 6,170 4,776 Roads and Related DIC R1F
1,394 General Capital Reserve
Edward Street, Newcastle 68,844 53,285 Roads and Related DIC R1F
15,559 Public Works & Parks Capital R1F
Wellington/Elgin Street, Bowmanville 190,088 16,348 Roads and Related DIC R1F
173,740 General Capital Reserve
TownJine Road, Courtice 10,196 a,667 Roads and Related DIC RIF
1,529 Tax levy
Uberty Street, Bowmanville 123,202 104,106 Roads and Related DIC RIF
4,845 Roads Contribution R1F
14,251 Tax Levy
TOTAL CAPITAL EXPENDITURES 2,467,545 62,524 General Government D/C RtF
1,533 Fire Department ole RtF
26,596 Indoor Recreation DIC RlF
77,735 Park Dev. & Facilities DIG RIF
35,780 Public Works Department DIC R1F
1,617,443 Roads and Related D/C RlF
18,793 Municipal Capital Works RIF
320,301 Tax Levy
122,597 Roads Contribution RlF
5,720 Public Works & Parks Capital R1F
178,524 General Capital Reserve
TOTAL FINANCING 1,821,610 645,935
926