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Home My WebLink AboutTR-60-00 . , THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON . REPORT Meeting: General Purpose and Administration File # FloC/if Res #6fl!- tjll-C 0 Date: September 18, 2000 Report #: TR-60-00 FILE#: By-law # Subject: CASH ACTIVITY REPORT - JUNE 2000 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-60-00 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 June 30 2000, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of June 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 June 30, 2000 and the comparative information for the month ended June 30, 1999. Respectfully submitted, {(iMP - , Ie arano, H,BSc., A.M.C.T., C.M.O., Treasurer Reviewed by, ()~~ Franklin Wu, Chief Administrative Officer. MMfLGfhjl Attachments 831 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of June 2000 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED HEADS & BEDS LINEAR PROPERTIES FEDERAL GOV'T - WASTE MGMT STUDY..PORT GRANBY SALE OF LAND: HIGH STREET, BOWMANVILLE CANADIAN WASTE - JAN. TO MAY 2000 ROYALTIES DEVELOPER CONTRIBUTION - CPR UNDERPASS SUBSIDIES: HANDI.TRANSIT DEVELOPMENT CHARGES-TOWN GENERAL INTEREST 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 INVESTMENTS (GENERAL + RESERVE FUND) TOTALS JuNe ....."....., "'---. '.'. '.' <HH2000 .."........ .,...'..'",. ,...,....... ..'..,.,.....,...,.,..... '........... .. ......... ........',... ..",..,....,. ..'..,......,.,.,.,.... ...."........ ,.,.. ",',',',' ........ . "",',"',"',' '.'.','..,',',..',',.' .......... .... .... ..... ................. "",', " . ...................,...... ..'.. .'. .'. ' ..... . .. ......'.......... ',",',', .', " ........'....' . ..'. ." .,... " ",' .....'.. ..... ',",'," " " '."......... .,"",' '," ........'''.. "',"",',",' ...,.,....,.",........ .. ...... " .. .. ..... ........."'.. .....",.,...,. l>l',~?j;~~ ../:/./.0. ...." .....' .... " . i$~tt~ H;!$loo~ ............,. ..'.... . "," )1$~,~8~ )H~~,??l ":,:",,,,:,,~, JUNE 1999 1 , 123,320 o o o o o 300,000 180,105 993,962 311,777 235,773 ','.'.','.'.',','.'.' ."......,.. .."..".... "..','.'.','.',','.' ",'.;-'.'-:.,.:.,.,,:.' }$M?Ui5:i. 3,144,937 867,729 o o 1 ,765,696 2,633,425 511,512 PART "A" BANK NET CASH<~ANi<<' BANK BALANCE PROVIDED Mi:ANI:;S BALANCE MAY 31/00 / USED .;iWNg~to~ JUNE 30/99 1,269,933 2,962,415 58,485 45,539,311 ............. ...........,........'.'.. ............. ..,..'.....'.....'....... ............ ..'.....'.....'.......... :.:.:':.>:':.:.:.:.:.:.: 171,5371iMJ.4tP (1 '~~~:~;~~~'~~:~~ 8,520,980 54060:;!~ 7,296,349 133,322 62,049 37,168,038 ............ .,.........',. ........',..'............ .,:;:,:,:;:;:,:;:,:,:::::: 49,830.144 7,407,759s'7ila'i;iiP2 44,659,758 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 832 ~ CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of June 2000 MAY 2000 INTEREST RECEIVABLE ADDED ~~N", :?@cr TAXES BILLED PAYMENTS BALANCE /ADJUST.'" CURRENT YEAR TAXES 3,061,841 13,917,266 16,979,107 PENAL TV AND INTEREST 43,438 37,456 80,894 1999 YEAR TAXES 3,097,537 3,097,537 PENALTY AND INTEREST 243,110 38,084 281,194 1998 YEAR TAXES 1,409,590 1,409,590 PENALTY AND INTEREST 219,962 17,643 237,605 PRIOR TAXES 1,186,703 1,186,703 PENALTY AND INTEREST 447,432 15,434 462,867 TOTAL 9,709,613 108,618 13,917,266 23,735,497 (92,342) 18,077 ........... ...."....... . ...........-........ ......... ............. .".......... ........... ...-,...,........-..... .".......... ...>;.:<<,:.:.:.:".: .".......... .".......... .......... ..,,-.-....-....-..... (~:::~) . .~,~~:~~~ TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) PERCENT OF CURRENT TAXES OUTSTANDING Includes refunds, write-ofts, 496's, etc. PART "B" JUNE 1999 108,825 65,345 2,780,764 231,409 847,717 146,757 897,125 444,233 5,522,175 n/a nla 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: 1999 Final RESIDENTIAL Tax Billing Due July 1999. 1999 Non.Residential Tax Billing delayed due to Bill 79 Capping. NOTE 3: For information purposes only. True comparison to prior year not applicable due to different tax installment dates. 833 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "ell STATISTICAL INFORMATION FOR THE MONTH OF JUNE 2000 JUNE YEAR TO DATE Tax Certificates 103 664 Number of Properties eligible for Tax Realstratlon (see Note 1) 111 .. see Note 2 Accounts Payable Cheques Issued #36305 to #36925 621 3,237 Number of Births Reoistered 70 276 Number of Deaths Reaistered 38 289 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. 834 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT JUNE 30, 2000 PART "D" FINANCIAL INVESTMENT INTERES # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE GENERAL FUND TO 3,959,520.00 5.83% 64 4,000,000.00 AUG.23/OO MTL 6,000,000.00 5.70% 4 6,003,747.95 JULY 4/00 BNS 2,000,000.00 4.25% 78 2,000,931.51 JULY 4/00 TO 3,940,120.00 5.84% 95 4,000,000.00 SEP.25/OO MTL 3,942,400.00 5.86% 91 40,000,000.00 SEP.21/OO TOTAL GENERAL FUND 1~,a42Jo40~QO 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 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 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 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 40,397.70 7.20% 1578 54,562.00 Aug 8/00 RBC 299,628.50 5.30% 1396 365,000.00 Sepl1/OO 835 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT JUNE 30,2000 PART "D" I I FINANCIAL INVESTMENT INTERES # OF DAYS MATURITY MATURITY INSTITUTION COST RATE OfS 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 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 1,109,500.90 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 Dec.21fOO 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 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% 183 500,000.00 Oct 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 Dec 1/03 Hong Kong 2,360,805.35 5.75% 91 2,394,648.95 Aug 8/00 RBC 118,693.50 5.10% 1976 155,297.00 OCT 15/04 TOTAL RESERVE FUND $4,gja;~$o.$$ .:.....-.......'..-c.;.............'-.., :",;:,,:,::::::::,.:-:::::::::::;::::: ...,..-.-...-........,..,.,..,..-...:.: ',' . . . . . . . - ", .. - . TOTAL INVESTMENTS i;4,OaO;~Qo.$a . Bond investment. Interest paid on a monthlyfsemi-annuallannual basis 836 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" JUNE 2000 '" Development Charges Total Town Re!lion SI. Stephens Estates 81',829.22 32,441.22 49,388.00 40M1977 L., 8, C., 2, Bowmanville ",'"" BfP# 00.0276, 277, 284, 285, 343, 345 Jeffrey Homes 26,124.00 10,916.00 15,208.00 40M1779 Res. Dev., 47538 - 47405 B/P #00.0436, 437 Carnovale Homes 11,366,00 10,916.00 450.00 40M1945 L., 30, C., 3, Darlington BfP #00.0415, 416 Prestonvale Homes 14;(}2(};OO 5,475.00 8,545.00 40M1929 L., 34, C., 2, Darlington BfP #00.0443 L & R Jefferson 5,458.00 5,458.00 LID 187/98 B/P #00.0385 Dr. L. Irish 7,331.00 5,458.00 1,873.00 LID 99/181 BfP #00,0388 Prestonvale Heights 42,009:00 16,374.00 25,635.00 40M1929 L., 34, C., 2, Darlington B/P #00.0441, 442, 444 Frank Smith (Tsai) 7,331.00 5,458.00 1,873.00 LID 243/99 B/P #00.0361 Robinson Ridge 19,129.66 19,129.66 40M1931 L., 34, C., 1, Darlington B/P #99.0684-687 Ridge Pine Park 10,916.00 10,916.00 L., 35, C., 1, Wilmot Creek B/P #00.0478, 479 837 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" JUNE 2000 I I elopment Charges TQtallr Town Region Goheen Realty Ltd., 8,545.00 - 8,545.00 Res., Dev., #47469 LD 187198 B/P #00.0385 1317870 Ontario Ltd., 52,248.00 21,832.00 30,416.00 40M1982 L., 35, C., 2, Darlington - B/P #00.0252-256 BCR Construction 1,873.00 - 1,873.00 40M1897 L., 25, C., 6, Darlington BfP #00.0357 Med-Tri Developments 26,124.00 10,916.00 15,208.00 BfP #00.0467, 468 Celestial Homes 14,662.00 10,916.00 3,746.00 40M1978 L., 8, C., 6, Darlington B/P #00.0352, 353 673666 Ontario Ltd., 1,012.00 - 1,012.00 40M1910 L., 12, C., 2, Darlington B/P #00.0540 - 542 Sl. Stephens Estates 27,903.74 10,813.74 17,090.00 40M1977 L., 8, C., 2, Bowmanville B/P#00.0463, 464 Dunbury Homes 11,422.00 10,916.00 506.00 40M1976 L., 27, C., 1, Newcastle B/P#00.0377.450 Ellen Greensdale 5,458:00 5,458.00 67 East Beach Road BfP#99.1011 838 . . . , CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" JUNE 2000 I I Development Charges Tota Town Region R. Henderson 5,458,00 5,458.00 LD 515/87 L., 7, C., 2, Clarke BfP#00.0413 TOTALS 380,21~K62 198,851.62 181,368.00 839 -;: . . . . CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" JUNE 2000 CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND Halminen 3,000.00 LD 255/99 William Tonno Construction Limited 2,825.00 LID 056/2000, 057/2000 Total Cash-in-Lieu of Parkland 5,825.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Total Engineering and Inspection Fees Contributions . CONTRIBUTIONS - ROADS Total Roads Contributions - 840