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Home My WebLink AboutTR-76-00 " THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON . REPORT Date: December 11, 2000 File# PloCR Res#hPA41/-oo Meeting: General Purpose and Administration Report #: TR-76-00 FILE#: By-law # Subject: CASH ACTIVITY REPORT - OCTOBER 2000 RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-75-00 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 October 31, 2000, is as shown on the attached schedule; and 3. THAT Part "A" of the expenditures for the month of October 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 October 31, 2000 and the comparative information for the month ended October 31,1999, Reviewed by, o~~ 'e Marano, H.BSc., AM,C.T, C.M.O., Treasurer. Franklin Wu, Chief Administrative Officer. MMfLGfhjl Attachments 810 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of October 2000 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED HEADS & BEDS LINEAR PROPERTIES NATURAL RESOURCES - PITS & QUARRIES LACAC--RETURNED $13,000 LOAN NET OF EXPENSES BUILD COURTICE FUNDRAISING HUMAN RESOURCES CANADA. JUNIOR FIREFIGHTERS PROGRAM BOWMANVILLE HERITAGE BOOK SALES SALE OF LAND SUBSIDIES: HANDI.TRANSIT DEVELOPMENT CHARGES.TOWN GENERAL INTEREST DEVELOPMENT CHARGES-SCHOOL BOARD DEVELOPMENT CHARGES.REGIONIPUC USE OF FUNDS: PAYROLL REGION LEVY SCHOOL BOARD LEVIES GENERAL-INCLUDING CAPITAL EXP:' NET CASH PROVIDED (USED) FINANCIAL POSITION: GENERAL FUND RESERVE FUND MUNICIPAL POOLED INVESTMENTS MUNICIPAL BOND INVESTMENTS INVESTMENTS (GENERAL + RESERVE FUND) TOTALS OCTOBER 1999 2,037,378 9,075 160,151 120,605 10,376 o o o o 173,126 709,525 82,796 o 67,521 3,370,553 895,956 5,730,547 o 2,573.497 9,200,000 5,829.447 BANK BALANCE SEPT. 30/00 NET CASH .HH~ANK PROVIDED .Ml.A~9~ / USED .bc'tst{oa 8,565,317 1,656,913 5,875 2,067,601 50,898.497 (6,505,013) (1,274,503) 79,725 10,988 53,560 ". '.. . ""',.. .... """".'''''' ',"""-' ',',--' '. ','. - , - , '. .,." - . ....,. ""'-' .... . . ..-- '. .... ....... ---,. ..-.......... """. .......' ?;(l$q,:m'( ~~~:~~f M1~,M( $Qa44;~:1' PART "All BANK BALANCE OCT. 31/99 976,367 1 ,804,578 25,785 o 35,325,495 63,194,203 ....... ---... ..-........,.,.,.,...,...,. //':U):)):j::- 7,742,363$$,4$1!il!io 38,132,225 NOTE A: Difference in comparison between years due to timing difference in receipt of funds, 811 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of October 2000 SEPTEMBER 2000 INTEREST TAXES RECEIVABLE ADDED BILLED PAYMENTS mFJ~Th~ BALANCE /ADJUST. ... CURRENT YEAR TAXES PENALTY AND INTEREST 5,841,569 132,529 76,729 239,864 6,081,433 209,258 FIRST PRIOR YEAR TAXES PENALTY AND INTEREST 28,780 209,051 2,523,358 274,479 2,314,307 245,699 SECOND PRIOR YEAR TAXES PENALTY AND INTEREST ..' ...... . - . -.' - . . . . ... ..... ."."....."... .',.,...,.,'.'.....-.',.,...... .".".."..... '....."....."... . ...."...,...-.. .... ..... .... ...."..".".. ........--_....... . . .. . ... ....".".."... ..............,.,..-.'..,...... ........, ...... ...........'.'.',........'... ......."....... ....".",.".. ............,...'.....'....... ."."."....... ..'....-....,....,..'.....,.,'.....,. .........,;Q~$iQ$$ .....-......................... ...........~()$:aO$.. 34,794 1 ,203,700 225,700 (118,648) 21,894 1,168,906 211,179 14,521 THIRD & PRIOR YEARS TAXES PENALTY AND INTEREST 1,019,189 444,627 12,848 1,019,189 457,475 TOTAL 11,378,006 132,877 .. .. .. ,. ............... :~:::::::::):::):::::::::::: 3,189,698 :::n);a~OO4;eaa:: 483,708 11,994,591 ... Includes refunds, write-offs, 496's, etc. PART IIBII OCTOBER 1999 Note 2 4,259,104 194,136 2,249,120 275,069 739,403 167,530 818,878 470,463 9,173,703 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. 812 CORPORATION OF THE MUNICIPALITY OF CLARINGTON STATISTICAL INFORMATION FOR THE MONTH OF OCTOBER 2000 OCTOBER Tax Certificates Number of Properties eligible for Tax Registration (see Note 1) Accounts Payable Cheques Issued #38553 to #39103 Number of Births ReQistered Number of Deaths Reqistered 95 111 551 45 29 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. 813 PART "e" YEAR TO DATE 1,204 ** see Note 2 5,395 435 408 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT OCTOBER 31, 2000 PART "0" 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 4,944,500.00 5.77% 71 5,000,000.00 OEC.15fOO TO 1,986,420.00 5.80% 43 2,000,000.00 DEC.13/00 MTL 5,930,400.00 5.79% 74 6,000,000.00 DEC. 5/00 TOTAL GENERAL FUND J~:aQ~;76Q:Oi:) 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 Oec 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% 1906 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 . 500,000.00 6.10% 365 500,000,00 Sept 7/01 814 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT OCTOBER 31, 2000 PART "0" 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 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% 1825 500,000.00 Apr. 16/03 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 $4,Q4~;17"i',Q$ ........-.....".-. . ..,.,.,...,.............,-.-.......,.. ..... - ',' -,.,. .-.... . - . . - . . . . . . '. ....,.. - , . . '. .' . : . .',......,-.,-,....,... . .....,..,.........,......-......,. .,.. '," ',',' .... '-" " .-.....,.....,.,.,.,..-...-..,.. . TOTAL INVESTMENTS $P,S44;SS7.iW . Bond investment. Interest paid on a monthly/semi-annualfannual basis 815 CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" OCTOBER 2000 Education Education Development Charges Total Town Region English Separate EngliSh Public Keuing Construction 2,164.00 . 1,945,00 219.00 40M 1826 27 Virtue Crt, Clarke B/P #.0776 David B. Thomas 55,964.00 23,500.00 31,588.00 876,00 B/P #0,00794 ' 797 . D, Hampson 8,039,00 5,875.00 1.945.00 219.00 40M 1978 28 Grist Mill, Ciarke B/P #,0732 Halminen Homes 32,078.94 30,764,94 1,314,00 40M1931 L, 34, C.. 1, Darlin9ton B/P 99.691 - 696 Ridge Pine Park Inc" 30;470:00 29,375.00 1 ,095.00 L, 35, BFC, Clarke B/P #00.0822, 830, 831,832 Gay Company LId,. 53.508.,7Q 21,832,00 30,800,76 876.00 40M1994 L., 30. C" 3, Darlington B/P #00,549, 550, 553, 554 51. Stephens Estates 93,031.99 34,249.99 53,244,00 1,314,00 4,224.00 40M1977 L., 28, Bowmanville B/P #0.0840 - 845 Halminen Homes 32,078.94 30,764,94 1,314,00 40M1931 L, 34, C., 1. Darlington B/P #99.0697 . 702 , Boville Holdings Inc., 7,622,00 5.458,00 1.945,00 219.00 3390 Holt Road, Bowmanville B/P #00.0594 Prestonvale Heights 18,186.00 - 17,748.00 438.00 40M 1929 L, 34, C., 2, Darlington B/P #00,0823, 824 Veitri Group 55,964.00 23,500,00 31,588,00 876.00 L, 8, C., 1, Bowmanville B/P #00,0813 - 816 Tonalee Landscaping 8,039.00 5,875,00 1,945.00 219,00 L, 6, C" 3, Clarke BIP #00.0829 1138337 Ontario Inc 113,882.00 47,000,00 65,130.00 1,752,00 40M1984 L" 28, C" 28, Clarke BIP #00,0140 - tj 6 GORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" OCTOBER 2000 Education Education Development Charges Total Town Region English Separate English Public Son Bon Homes 8,326.00 5,458.00 1 ,945.00 219.00 704.00 L11., C. 6, Darlington SIP #00.0518 Fernandez 923.00 - 219.00 704.00 10M815 L., 7, C., 7, Darlington SIP #00.0817 R. Trolley 138.27 - 138.27 4490 Gilmore Road L., 3, C., 4, Clarke SIP #00.0850 Morrison Harshfield Ltd., 295.54 - 295.54 Industrial Fee Morton 216.00 SIP #00.0857 TOTALS 520,711.44 263,652.87 239,823.76 11,818.81 5,632.00 817 , eORPORATION OF THE MUNICIPALITY OF CLARINGTON OCTOBER 2000 CONTRIBUTIONS - CASH-IN-LIEU OF PARKLAND Celestial Homes LD 260/99 CONTRIBUTIONS. ENGINEERING AND INSPECTION FEES Region of Durham Local storm sewer fees Total Engineering and Inspection Fees Contributions CONTRIBUTIONS - ROADS Total Roads Contributions PART "E" 1,150.00 1,150.00 7,065.00 7,065.00 818