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Home My WebLink AboutTR-063-00 . ~ THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration File#_HDC4 Res~-oO Date: October 2, 2000 Report #: TR-63-00 FILE#: By-law # Subject: CASH ACTIVITY REPORT - AUGUST 2000 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1 , THAT Report TR-63-00 be received; 2, THAT, in accordance with provision of Chapter M-45, Section 79 (1) of the Municipal Act, RS.O. 1990, the Treasurer reports the cash position of the Municipality of Clarington for the month ended August 31, 2000, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of August 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 August 31, 2000 and the comparative information for the month ended August 31,1999. . Reviewed by, cJ ~--~ arle Marano, H.BSc., AM.CT, C.M.O., Treasurer. Franklin Wu, Chief Administrative Officer. MMfLGfhjl Attachments 809 , CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of August 2000 m~~~ .....-........ :;::,,::,::::;,::::::::,:::: T/HH:':Un:n:) ;:\UiH\:\/iU:::!: <:::>>~<:::>: .::,c,:;::_::,:,:,::::::',:. :,:<:>:::=::::>:::: ,-:-:.:.:.,.,.:.:.,-:.:.:-" T AX :~~~E&N~~;SECEIVEDj[~~'~m~ LINEAR PROPERTIES/PH PROVINCE.ONTARIO MAIN STREET MILLENNIUM PROJECTS~~;mB~ ~~~~~~~~~~;"N~~~~~~~:;~T :~~H~~~~:~ ~~~EDS WALK PARK0~l~;~ SUBSIDIES: <>HH/U):: HANDI~TRANSIT ;/:Y\:\//:Ui: DEVELOPMENT CHARGES-TOWNAA~,~~~ GENERAL \n~~M~~ INTERESTt~~,~~q DEVELOPMENT CHARGES-SCHOOL BOARD\M~~ DEVELOPMENT CHARGES-REGION/PUCZ50~4a REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: USE OF FUNDS: PAYROLL REGION LEVY SCHOOL BOARD LEVIES GENERAL-INCLUDING CAPITAL EXP:' NET CASH PROVIDED (USED) FINANCIAL POSITION: BANK BALANCE JULY 31100 GENERAL FUND RESERVE FUND MUNICIPAL POOLED INVESTMENTS MUNICIPAL BOND INVESTMENTS INVESTMENTS (GENERAL + RESERVE FUND) 2.887,146 2,203,995 41,912 o 49,019,911 TOTALS 54,152,964 NOTE A: Difference in comparison between years due to timing difference in receipt of funds, 810 PART "A" AUGUST 1999 1,553,784 o o o 209,877 441 ,285 80,097 o 70,775 2,355,818 876,812 o 10,579,592 1,548,803 13,005,207 ~~~~~~ ....~~~~~. BA~~~E I USEDAU~;~jfoo AUG. 31/99 (1,392,351 ) (109,967) (41,072) 2,049,025 394,525 .-....-.....- ...._,.........:-.......... .....,-:-..-........-..... ..........-.....'........ ............. ...._....-........_..-.... ...,.-.....,.,.....-....-.. j~~~,7~$ ~;()$!liPg$ ....-....-.... ...,......... """"'8"4.0" '-"-'--." .. ... ... . :::::,::::::::::::'" '. , '........... ... .......... ... '...... .... '*,94~;~~p) l(iMi2$$$!l.. 1,889,278 775,312 23,787 o 38,562,835 ::::::;::::::::::;:::::::::: ::'::::::::::;:::::::::::::: 111, 11154,264,Q14 41,251,212 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of August 2000 JULY 2000 INTEREST RECEIVABLE ADDED TAXES BILLED CURRENT YEAR TAXES 1,921,129 PENALTY AND INTEREST 94,288 48,132 FIRST PRIOR YEAR TAXES 2,618,150 PENALTY AND INTEREST 245,194 32,206 SECOND PRIOR YEAR TAXES 1,260,904 PENALTY AND INTEREST 217,707 15,876 THIRD & PRIOR YEARS TAXES 1,085,357 PENALTY AND INTEREST 447,971 14,167 TOTAL 7,890,702 110,381 ... Includes refunds, write-offs, 496's, etc. PART "B" Aqpq~N AUGUST PAYMENTS >>':WoIF>' 1999 BALANCE IADJUST, ... , . ,. 'Note 2\ 1,921,129 142,420 (721,505) 119,615; .. . .....".,.. ...."...., . .......,.". ......................-. ............. ....-........ .....-..............,..-.. .....-....... .-........... ..............,........-.. ..-........-. . ........-_. ........-.... ....-........ .......................-.. .....-....... ...,.......... .......................,. """e'" "'. . ' h1~;M nj~;$0'5 (957,286) (Note 3) 97,343 2,618,150 143,560 277,401 124,983 1 ,260,904 114,207 233,584 112,129 1,085,357 (13,641) 462,138 115,466; 0 8,001,083 1549,572 "....."."..,' ..........,...,.,........... .......-....., .,.....-.................-... ","'-:':':':<':':':':-:':': ....-..............,........ .....-........ ...............,........-... .......-..................... ......."..... ....-.....-........_........ ...,.,.-......... ................,.....-,.. ........,..........,......,.. .,.,.,..,:,..-':,.......'.:' '. " m'~~:~i~ 2,457,513 250,410 .............................. ...,........... :.:.,.,.,::-:.:.:.:,:.,.,.:.;. . .. . . . . , '. ,.....,.. ........,. """',',""" ,...-....,......,........-.-. ............,............... .............. ,.,.......,.,.........-...... ............. ....-.............._........-. :-:.,.:-:.,.,.:.:-:.:.:.:-:.:. 1,~~t:]~ 786,463 151,584 .,,:.,.:-:.:-:-:.:.:.:.,.,-,-: .......-.............._..-... .......-....... ._.-..-........ ................_........-... :.:.,-,.,.,.:.,.:-:.:.:.:.:.: .....-......... ::-:.,-:.:-:-:.:-:.:..:.;.:-:. .-......... .... ......................-...... . . . . . . . -,',' . . . , . .....-..,........._....,.... .t:07:1Mi 44$Jk 854,857 457,812 ..........-.... ..........,..,.. .........-..........._....... .-.....,..,.,...'.. ..............,.,_........-. .....-....,...,........._.... .-,.........'.' ..,-.-..,........._........ <7:4$j:$11 4,098,696 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: For information purposes only. True comparison to prior year not applicable due to changes in the tax legislation. NOTE 3: Mortgage companies paid the September 24th, 1999 installment In advance. 811 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "C" STATISTICAL INFORMATION FOR THE MONTH OF AUGUST 2000 AUGUST YEAR TO DATE Tax Certificates 168 1,038 Number of Properties eligible for Tax Reaistration (see Note 1)' 111 ** see Note 2 Accounts Payable Cheques Issued #37445 to #38024 580 4,336 Number of Births Reaistered 58 375 Number of Deaths Reaistered 29 351 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. 812 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT AUGUST 30, 2000 PART "D" I I FINANCIAL INVESTMENT INTERES' # OF DAYS MATURITY MATURITY INSTITUTION COST RATE OfS VALUE DATE GENERAL FUND TO 3,941,440.00 5.83% 93 4,000,000.00 NOV. 24/00 TO 2,959,620.00 5.79% 86 3,000,000.00 SEP.29/00 TO 3,940,120.00 5.84% 95 4,000,000.00 SEP. 25/00 MTL 3,942,400.00 5.86% 91 4,000,000.00 SEP.21fOO TOTAL GENERAL FUND 14.'t&sJsao,po 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 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 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% 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 299,628.50 5.30% 1396 365,000.00 Sept 1/00 813 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT AUGUST 30, 2000 PART "0" I I FINANCIAL INVESTMENT INTERESl # 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 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 2,394,648.95 5.90% 90 2,429,486.17 Nov. 6/00 RBC 118,693.50 5.10% 1976 155,297.00 OCT 15/04 TOTAL RESERVE FUND $$.a41JaOS;$$ . . . . . . . . . -,',' ',' . . , . .........,........-..,.,.,....,.,.... .,........--,.,..,.,...,.. . . . . . - - . . . .. ',' .,-.-.........-,.,--.. ...........,..-.....-..,.,...,.....,. . ........,.,..... ....'_.,.,........-........,..,....,.... .,.,.....,...,.,..-..........,....,.,.. TOTAL INVESTMENTS 4$:$2$;$$$.$$ . Bond investment Interest paid on a monthlyfsemi-annualfannual basis 814 CORPORATION OF THE MUNICIPALITY OF ClARINGTON AUGUST 2000 PART "E" ion Education Prestonvale Heights (17.00) 8,874.00 40M1929 L., 17, C., 2, Darlington B/P #00.0584 Clarnew Dunbury Homes 16,374.00 789.00 219.00 40M1976 L., 27 C., 1 Clarke BfP # 00.0598 St. Stephens Estates 10,813.74 15,794.00 40M1977 L., 8, C., 2, Bowmanville BfP #00.0499, 500 Carnovale Homes 30,764.94 40M1931 L., 34, C., 1, Darlington BfP #00.0395 - 400 Andlewood Homes 5,458.00 8,874.00 LD 034/00, 153/99 BfP #00.0583 Veltri & Son LId., 27,290.00 932.00 876.00 40M1970 L., 13, C., 2, Bowmanville BfP #00.0609 - 612 Ridge Pine Park 10,916.00 438.00 L., 23, 31, BFC, Clarke BfP #00.0633 Miko Equipment 270.06 L., 30, C., 1, Darlington BfP #00.0410 Gay Company LId., 21,832.00 30,800.76 876.00 40M1994 L., 30, C., 3, Darlington BfP #00,0551,552,555,556 1138337 Ontario Inc., 103,702.00 152,974.00 4,161.00 40M2003 L., 28, BFC, Clarke BfP #00.0052, 564 - 580 815 CORPORATION OF THE MUNICIPALITY OF CLARINGTON AUGUST 2000 PART "E" Education R. England 1,945.00 219.00 OM1897 L., 25, C., 6, Darlington SIP #00.0192 Daiseyfield Developments 876.00 40M1954 L., 31, C., 3, Darlington SIP #00.0625 - 628 Storybook Homes 5,458.00 8,874.00 219.00 LD 140-148/2000 L.' 33, C., 2, Darlington SIP #00.0422 Schmidt 533,57 23 Darlington Road L., 34, C., 2, Darlington SIP #00.0531 963639 Ontario Ltd., 33,582.00 1,398.00 438.00 40M1954 L., 31, C., 3, Darlington SIP #00.0625 - 628 J.Janssen 5,458.00 1,945.00 219.00 LD 244/98 SIP #00.0588 Clarington Fieldcrest Developments 5,458.00 8,874.00 219.00 40M2000 L.' 29, C., 2, Darlington SIP #00.0586 1138337 Ontario Inc., 5,445.87 8,874.00 219.00 40M1940 L., 17, C., 1, Sowmanville SIP #00.0635 TOTALS 282,535.55 250,947.76 9,782.63 816 , . CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" AUGUST 2000 CONTRIBUTIONS - CASH-IN-L1EU OF PARKLAND C. Gallant 1,500.00 LD 198199 Subhash Parmar 750.00 LD 046/2000 2,250.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Veltri Group Marianna Dev. 5,352.07 LD 227-231/99 Halloway Holdings Ltd., 40,377.60 Valiant Subdivision, Phase 3 Trulls Land Corporation 4,900.04 LD 148/2000 ~otal Engineering and Inspection Fees Contributions 50,629.71 CONTRIBUTIONS - ROADS Total Roads Contributions - 817