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Home My WebLink AboutTR-051-00 ~ THE CORPORATION OF THE MUNICIPALITY OF CLARlNGTON ." REPORT Meeting: General Purpose and Administration File # F/()6fJr . Res #all- 33~6 0 Date: July 3, 2000 TR-S1-00 FILE #: By-law # Report #: Subject: CASH ACTIVITY REPORT - MARCH 2000 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-S1-00 be received j 2. THAT, in accordance with provision of Chapter M-4S, 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 March 31, 2000, is as shown on the attached schedulej and 3. THAT Part "A" of the expenditures for the month of March 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 March 31, 2000 and the comparative information for the month ended March 31, 1999. ubmitted, Reviewed by, arano, H.BSc., A.M.C.T., C.M.O., Treasurer d ~-=-~ Franklin Wu, Chief Administrative Officer. MM/LG/hjl Attachments 854 ~ CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of March 2000 PART "A" MARCH MARCH 2000 1999 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED 13.087,S71 12,449,914 HEADS & BEDS 0 0 LINEAR PROPERTIES 85,772 0 CLARINGTON BOYS SLO-PITCH--LORD ELGIN BALL DIAMOND UPGRAD 6,000 0 CANADIAN WASTE - 2000 RENT 12,aaO 0 CANADIAN WASTE - JUNE TO DEC. 1999 ROYALTIES 40,442 0 SUBSIDIES: HANDI- TRANSIT DEVELOPMENT CHARGES-TOWN 344,725 76,601 GENERAL 2.636,275 954,192 INTEREST 453,978 344,492 DEVELOPMENT CHARGES-REGION/PUC 357,711 63,794 17.024,573 13,888,993 USE OF FUNDS: PAYROLL 1.369.504 824,863 REGION LEVY 7,622.529 0 SCHOOL BOARD LEVIES 5,367,818 471,040 GENERAL-INCLUDING CAPITAL EXP," 1 ,424,914 2,544,136 15,784.765 3,840,039 NET CASH PROVIDED (USED) 1 ,239.808 10,048,954 BANK NET CASH . SANK BANK BALANCE PROVIDED llJ!\iiLANCE BALANCE FINANCIAL POSITION: FEB. 29/00 /(USED) MJ!\iR.31/00 MAR. 31/99 GENERAL FUND 4,930,248 (1,325,095) 3-,605,154 3,835,574 RESERVE FUND 2,128,462 545,328 2:673,790 1,149,181 MUNICIPAL POOLED INVESTMENTS 16,192 (9,942) 6,250 101,657 INVESTMENTS (GENERAL + RESERVE FUND) 37,077,685 2,029,516 3Q,107,201 41,885,720 TOTALS 44,152,587 1,239,808 46,392,395 46,972,132 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. t)J5 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of March 2000 PART "B" FEBRUARY MARCH MARCH 2000 INTEREST TAXES PAYMENTS 2000 1999 RECEIVABLE ADDED BILLED BALANCE I ADJ UST .... CURRENT YEAR TAXES (3,471,968) 16.836,977 13,365,009 (14.013,329) (648;32()) 11,073,507 PENALTY AND INTEREST (242) 10 (233) 40 (193) 1,279 1998 YEAR TAXES 4,391,693 4.391,693 (873,407) 3,518i28e 3,453,084 PENALTY AND INTEREST 269,970 54,177 324,147 (75,608) 24e;5~\! 134,359 1997 YEAR TAXES 1,707,413 1,707,413 (97,839) 1,609,574 1,002,190 PENALTY AND INTEREST 261,855 21,276 283,131 (22,206) 260,924 126,457 PRIOR TAXES 1,336,863 1,336,863 (34,932) 1,301,931 966,581 PENALTY AND INTEREST 500,023 17,132 517,155 (17,527) 499,627 417,488 TOTAL 4,995,606 92,594 16,836.977 21,925.177 (15,134.809) 6,790,368 17,174,945 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 0 0 PERCENT OF CURRENT TAXES OUTSTANDING NfA N/A 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 (is. difference due to outstanding deposits) NOTE 2: Final 2000 Budget not yet determined NOTE 3: Current year taxes receivable are in a negative position because they represent prepaid taxes bJ6 CORPORATION OF THE MUNICIPALITY OF CLARINGTON STATISTICAL INFORMATION FOR THE MONTH OF MARCH 2000 MARCH Tax Certificates Number of Properties eligible for Tax Registration (see Note 1) Accounts Payable Cheques Issued #34741 to #35290 Number of Births Registered Number of Deaths Registered 147 111 550 o 132 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. 8Ji PART "C" YEAR TO DATE 322 ** see Note 2 1,602 84 173 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT MARCH 31,2000 PART "0" I , FINANCIAL INVESTMENT NTERES # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE GENERAL FUND MTL 3,482,220.00 5.32% 35 3,500,000.00 MAY 3/00 TO 2,979,930.00 5.23% 47 3,000,000.00 MAY 2/00 TOTAL GENERAL FUND 6,462,15Q,00 RESERVE FUND RBC 34,731.25 7.20% 1,740 48,337.00 Aug 8/00 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 WOOD GUNDY 435,075.29 5.20% 777 484,272.00 Aug 18/00 RBC 774,999.81 5.25% 1249 922,509.00 Dee 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 Nav 27/03 RBC 2,937,000.00 6.00% 1460 3,641,880.00 Jan.26/04 RBC . 514,000.00 7.75% 1825 514,000.00 June 8/00 RBC 999.999.65 8.20% 1825 1,482,799.00 Aug 8/00 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 138,709.23 6.25% 1,637 182,057.00 Aug 1/00 RBC 99,999.64 7.10% 1,906 143,061.00 May 14/01 WOOD GUNDY' 250,000.00 5.00% 2556 250,000.00 June 21/05 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 40,397.70 7.20% 1578 54,562.00 Aug 8/00 RBC 299,628.50 5.30% 1396 365,000.00 Sept 1/00 ()~tJ CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT MARCH 31,2000 PART "0" I I FINANCIAL INVESTMENT NTERES #OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S 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 Dee 15/02 RBC 25,125.57 5.95% 2025 34,613.00 Dee 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 Dee 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 870,460.00 5.00% 365 913,983.00 Dee.21100 WOOD GUNDY 528,412.46 5.34% 788 590,807.00 Aug 8/00 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 Dee 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 5.22% 731 526,500.00 Apr 16/00 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 Dee 1/03 Hong Kong 2,340,605.60 5.25% 60 2,360,805.35 May 9/00 RBC 118,693.50 5.10% 1976 155,297.00 OCT 15/04 TOTAL RESERVE FUND 32,645,050.83 TOTAL INVESTMENTS 39,107,200.83 * Bond investment. Interest paid on a monthly/semi-annuallannual basis OJ'1 CORPORATION OF THE MUNICIPALITY OF CLARINGTON MARCH 2000 PART "E" Development Charges . Total Town Region SI. Stephens Estates 139,905.44 64,882.44 75,023.00 40M1977 L., 8, C.,2, Bowmanville B/P #99.1028/29/34/35/37/38/43/44/47 Royal Bank 50,217.44 19,801.44 30,416.00 40M1944 l., 17, C.. 1, Bowmanville B/P #00.0079-82 Royal Bank 51,290.00 25.655.00 25,635.00 40M1940 l., 17, C..1, Bowmanville B/P #00.0029-31 Ridge Pine Park Inc 3,085.50 3,085.50 l. 165. Wilmot Creek BIP #00.0160-64 W. E. Roth Construction 10,218.58 10,218.58 40M1928 l., 31, C.. 2,Darlington B/P #00.0038-39 Kaitlin 25,470.00 10,262.00 15,208.00 40M1944 l., 17, C.. 1, Bowmanville BIP #99.0119-120 Kaitlin 8,545.00 0.00 8,545.00 40M1881 l., 16, C., 1, Bowmanville B/P #99.0128 W. E. Roth Construction 12,266.00 10,916.00 1,350.00 40M1968 l.. 31, C., 2, Darlington B/P #00.0038-41, 95.96 464367 Ontario Ltd., 8,528.12 8,528.12 40M 1882 l., 9, C., 2. Darlington B/P #00.0159 963639 Ontario Ltd., 22.732.00 21,832.00 900.00 40M 1954 L., 31. c.. 3, Darlington B/P #99.0977-980 Stalwood Homes 17.054.00 10,916.00 6.138.00 LD 12-15/99 l., 10, C., 2, Newtonville B/P #00.0007 obU CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "Ell MARCH 2000 Liza Homes 79.384,00 32,748.00 46.636.00 40M 1945 L.. 30, C., 3, Darlington SIP #99.0870-76 St. Stephens Estates 23.753.00 0.00 23.753.00 40M 1977 L., 8, C.,2, Bowmanville SIP #00.0109, 110, 117 Vince Mottile 1,873.00 0.00 1.873.00 40M 1897 Lt 32, Salina SIP #00.0167 Prestonvale Heights 31,093.00 5,458.00 25,635.00 40M1929 L., 34, C., 2, Darlington SIP #00.0179-180 Robinson Ridge 15,106.17 14,347.17 759.00 40M1931 L., 34, C., 1, Darlington SIP #99.0688-690 Robert Nesbitt 11,596.00 5,458.00 6,138.00 1640 Newtonville Road L., 9, C., 1, Clarke SIP #00.0176 Clarnew Developments 11,422.00 10,916.00 506.00 40M 1976 L., 27, C.. 1, Newtonville SIP #00.0183-184 975760 Ontario Inc., 7,331.00 5,458.00 1,873.00 40M1978 L., 8, C., 6, Darlington SIP #00.0124 t.arry Dion 7,331.00 5,458.00 1,873.00 Res Dev #00471 L., 10, C.. 7, Clarke 1138337 Ontario Ine 140,030.00 54,580.00 85,450.00 40M1964 L., 28 SFC Newcastle SIP #00.0025/26/53/54/58/59/60/125/1391 142 Wilmot Creek 24,204.50 24,204.50 t.ts. 871, 144, 759, 165.823 SIP #00.0160-164 TOTALS 562,530.31 344,724.75 357,711.00 86i . CORPORATION OF THE MUNICIPALITY OF CLARINGTON MARCH 2000 CONTRIBUTIONS - CASH-IN-lIEU OF PARKLAND Gertrud lamina SPA 99-055 lOB Holdings 1603 Hwy #2 Veenstra Construction lO 181, 182/99 Total Cash-in-lieu of Parkland CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Total Engineering and Inspection Fees Contributions CONTRIBUTIONS - ROADS Total Roads Contributions o6i PART "E" 600.00 2.445.00 6,500.00 9,545.00 0.00 0.00