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HomeMy WebLinkAboutTR-62-00 . THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration File #.F7oC4 Res tt{{JA- -tjtJ-co Date: October 2, 2000 Report #: TR-6?-OO FILE#: By-law # Subject: CASH ACTIVITY REPORT - JULY 2000 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-62-00 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 July 31, 2000, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of July 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 July 31, 2000 and the comparative information for the month ended July 31,1999. Reviewed by, G lre~~ e arano, H.BSc., AM.C.T., C.M.O., reasurer. Franklin Wu, Chief Administrative Officer. MM/LGfhjl " Attachments 801 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of July 2000 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED HEADS & BEDS LINEAR PROPERTIES ONTARIO POWER GENERATION - ROAD WATCH PRGM DURHAM REGION - 1998 PROVINCIAL OFFENCES SHARE SUBSIDIES: HANDI-TRANSIT DEVELOPMENT CHARGES-TOWN GENERAL INTEREST DEVELOPMENT CHARGES-REGIONIPUC 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 ""U'.' "<><J '.LY ......,...-.... ... --..... ,..........-. """~M" ::;::>::::::Ii"~ii1 .....-_.... .....,..,.,..-........,...... .. "-",-'--"-' '. ...... .... ,..--....' . -,"'" . ..'..,-,..,._',...,-.....'. .."....".. "-,",""",' .....-...-,.,......-'.. .-_.....-_.... .....-.....- ..---_.....-.. "'-"'--'" .......,...-......,.,...,. .....,.,...,-.-........,. .'.-............. .. ..-_..... '. ...........' '........-... . . ...-_.. . '........".' .- ," "'-, .., . . . '. .' - . . '. . - , . , '. ....... ,_... "'-." ......-... .. ..-.......-.. .-....-.--...-.. ........,..........,.,... ........-.... ......-_..... ..-.........-. '.' .-.--..... , '.' ......- "-,' ""'-,'" . ...,..........,.,.'." ..... ..... .' ... .,,_... .",,""'''' ""'.''''''.' . .. ..'" .. ~;r-~~'~ffi~ '. '........... i1~~~:~~. 5.... "......". ' ....-.-.... -'-" )~fMQ4 JULY 1999 13,549,632 o o o o 309,365 606,949 428,528 253,127 ~) ~:~~:: U ::: n~) ~:~ ~ .-;,:-:.:,,;,.,.,.;.,.,.,.' Sl()$4$$i 15,147,601 ....."".." .......".... '..........".. ........-,. .,.......-.-,...,........ '. ..'. ,....'. .' . .....'. .' .. ." . ""'.'''''' '..-" _..-..... . ." "..." ..".".",," ....-....-.-.. ..... -.". . ..".....". ..-.....-..-.-. ...._.-...... .,'..-.-....-,.............. ',"', '-','-',' ," .,.....'..,........... .- " "",' , :".",-,-",,;.;.::..;.,., .......-...-..,..-...-.. .."...".... .-.-..-.-.-....-.. ..-....-.-........-.... ....-. ..-.... ... .."'''' ..-......"... ..'.' -.-.-...... , '. ....." @$i$j4 f;r]~'~~~ ..-.-.-.-....-.-. ... ..... . iMbo,:atli 862,313 5,730,547 o 1,313,897 .-....-..-....' ..-...-.-..........-...... .-......_........-........ :::::::,:::::::::::::::::: ajji~a:5~ 7,906,757 7,240,844 PART I'A" BANK NET CASHH.llAN.K BANK BALANCE PROVIDED$At..mp~ BALANCE JUNE 30/00 I USED ~Ui:ly~t!QO JULY 31199 1,441,470 1,699,995 36,148 54,060,291 57,237,903 1 ,445,676 504,000 5,764 5,040,380 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 802 ,.".....,.. .. ......,.... ..,...-.-......_._..,.,.. :.........-.-.......;,.... .............-.......-.... .....""... .-.....-..-........-....... ...._.-....... H~~~t;iM ~'~~~:~~ .......-...-.. #:M1$1$h 12,799,840 542,056 21,538 38,537,167 :::n::n:n::::n:nn:u $teg,$~ 51,900,601 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable lor the month of July 2000 PART "B" JUNE 2000 INTEREST TAXES PAYMENTS RECEIVABLE ADDED BILLED BALANCE I ADJUSr:" CURRENT YEAR TAXES PENALTY AND INTEREST 3,211.559 59,029 o 3,211 ,559 119,484 ..-.'.....................-... ............... ............................ ~:;~<<~>/<> .:::::::::::'::::::::::::::::: ,.;.:.:.:-:.:-:-:.,.,.:.:.,-:. (1 290 430) """""'~"1""1"""" , ,;,,%Y9" 25,195g<i::aM (59,689) (Note 4) 66,272 60,455 FIRST PRIOR YEAR TAXES PENALTY AND INTEREST 2,768,096 242,515 34,267 2,768,096 276,781 .,..'....................... .......-...... .....-........ ..-.......................-. .,-.....-.'...............-. .............. .....-........ ........................-.-. ::::::::'::::;:;:;:::;:::::: ::::=/<<"",=:> (1~;:~:;)~,~~:~~ 2,566,670 235,721 SECOND PRIOR YEAR TAXES 1,317,248 PENALTY AND INTEREST 219,528 16,584 THIRD & PRIOR YEARS TAXES 1,130,239 PENALTY AND INTEREST 448,414 14,728 TOTAL 9,396,628 126,034 1,317,248 (56,344) 236,112 18,405 1,130,239 (44,882) 463,143 15,172 0 9,522,662 1,631,960 ,.:...;..............,:.,.,.: .......-.-................... ....-..-....... ....-.-....................... ;.,::.:.:.:.;.:-:.:.,-:.:.:-:. ...-...-.................-.. :.,.,.,.;.;-:-:.,.,.,.:-:.:.: .....-.............._........ :.:-,.,.:,,-:.>,.,.:.,.:-:-:. .........................-.. t,~~:~~ 808,266 147,840 -:.-............-...-.-..-.... ...:.:.:.,-:-:.>:.,.:-,.>:-: ::.:.:.,.;.,-:-:.:.,.,.:.,.> '>.:':"':-:-:"-:-:'.:':-:':" '- .. ',',- ',', .., , '........., . ,'. . _....'... .......,....,., . '. . - . . . . . . . . . '. ...... - . . - . . . . ............. .:,:.:.:-:.>>:.,.:.:.:.:-:.: :...:.:.:.>:.,.:.,.:.:-:.:.:. """0'..'3' "7'" ; '44t:~it 865,997 449,113 ..........-.... ::.:.:.:.:.:.:-:.>:.,.>:-:. .-...-..-....... ....-........-...-.-..-..... .._....-..-..... ........-........_........-.. ....-..-....... ," '7" 8"90"" 7"Q2"" .'.,-,., '. .' ;<::,:.:;,.:',l::,.< 5,079,990 ... 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: 2000 Residential Tax Billing due June 2000. 1999 Residential Tax Billing due July 1999, NOTE 3: For information purposes only. True comparison to prior year not applicable due to changes in the tax legislation. NOTE 4: Mortgage companies paid the September 24th, 1999 installment in advance. 8G3 . CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "C" STATISTICAL INFORMATION FOR THE MONTH OF JULY 2000 JULY YEAR TO DATE Tax Certificates 206 870 Number of Properties eligible for Tax Reoistration (see Note 1)" 111 ** see Note 2 Accounts Payable Cheques Issued #36926 to #37444 519 3,756 Number of Births Reaistered 41 317 Number of Deaths Renistered 33 322 Note 1: Only includes those properties whose arrears are greater than $10,000. Note 2: Number of eligible properties for tax registration not applicabie for year-to-date comparison. 804 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT JULY 31,2000 PART "0" I I FINANCIAL INVESTMENT INTERES # OF DAYS MATURITY MATURITY INSTITUTION COST RATE OfS VALUE DATE GENERAL FUND TO 3,959,520.00 5.83% 64 4,000,000.00 AUG. 23/00 TO 2,959,620.00 5.79% 86 3,000,000.00 SEP.29fOO TO 3,940,120.00 5.84% 95 4,000,000.00 SEP.25fOO MTL 3,942,400.00 5.86% 91 4,000,000.00 SEP.21fOO TOTAL GENERAL FUND 14.a01.;$aMo 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.26f04 RBC . 574,000.00 6.25% 1644 574,000.00 Dec.30f04 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% 1637 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 Sept 1/00 805 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT JULY 31,2000 PART "D" 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.21/00 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 34~1e~5bM ".-:.,.1.-:.:-,':.-"""'":""::: .-........-....",.... ........-.....-..,...,.....,.......,.. ........... ',' ," .. ..,-....,..-..,....,..,..,_.,.......... .-.-....... ,',' ,',"',' . .-....-.- -'- '-' .. . . . . . ' . . . . . - . . . '. .".".".... .' - . . : . . ',' -......-. .-..... ......- "," ..... . . , . . . . . . ',', '," - . . - . ........-. ," .....,. .....--- ", ...... , TOTAL INVESTMENTS 4M19W910C$8 . Bond investment. Interest paid on a monthly/semi-annualfannual basis CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" JULY 2000 FF Development Charges II iF .T~t~1 Town R .,' Clarnew Developments J(1ii916,00ii 10,916.00 40M1976 L., 27, C., 1, Clarke B/P #00,0447, 448 Dunbury Homes 51'6.00 - 516.00 40M1976 L., 27, C., 1, Clarke B/P #00.0447, 448 Carnovale Homes 10,704.98 10,254.98 450.00 40M1931 L., 34, C., 1, Darlington SfP #00.0394, 395 Prestonvale Heights 148,082,00 130,992.00 17,090.00 40M1929 L., 34, C" 2, Darlington B/P #00.0545, 546 673666 Ontario Ltd., 16,374,00 16,374.00 40M1910 L., 12, C., 12, Darlington BfP #00.0427, 428, 481, 482 Kaitlin Group 70;015.00 27,290.00 42,725.00 40M1984 L., 28, BFC, Clarke BfP #00.0024, 57, 233, 234, 547 Jeffrey Homes 52,248.00 21,832.00 30,416.00 40M1779 L., 29, C., 2, Darlington BfP #00.0512 1317870 Ontario Ltd., 57,706.00 27,290,00 30,416.00 40M1982 L., 35, C., 2, Darlington BfP #00.0524 - 528 Veltri & Sons 78,372.00 32,748.00 45,624.00 L., 11, C., 2, Bowmanville SIP #00.0469 - 474 8 6 . . CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" JULY 2000 Development Charges Total Town Region W. E. Roth Construction Ltd., 5,37229 5,10929 263.00 40M 1928 L., 31, C" 2, Darlington BIP #00,0097 SI. Stephens Estates 26,607.74 10,813.74 15,794.00 40M1977 L., 8, C., 2, Sowmanville B.P 00.503 - 504 , 673666 Ontario Ltd., 17,163.00 16,374.00 789.00 40M1910 L., 12, C., 2, Darlington SIP #00.0540 - 542 Eiram Development Corp., 8,545.00 - 8,545.00 40M1776 L., 10, C., 3, Sowmanville SIP #00.0231 TOTALS 502,622.01 309,994.01 192,628.00 807 , . . CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" JULY 2000 CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND B. Slavin 1,150.00 LD 314/99 D. Thomas 13,395.00 18T89092 Marianna Developments 6,750.00 LD 227-231/99, 115-117/99 1317870 Ontario Ltd., 1,292.00 LD221f99 LD 118/00 Devon Downs Development Ltd., 2,583,00 LD 120/99, 119/00, 121/00 Willsonia Industries Limited 29,300.00 SPA 99-050 54,470.00 CONTRIBUTIONS. ENGINEERING AND INSPECTION FEES 1138337 Ontario Inc., 15,552.95 Port of Newcastle Subdivision, Phase 1, Stage 2 Green Martin Holdings Ltd., 67,500.00 Clarington Corners Subdivision, Phase 2, Stage 1 D. Thomas 14,152.90 Venton Court Total Engineering and Inspection Fees Contributions 97,205.85 CONTRIBUTIONS - ROADS Total Roads Contributions - 808