The URL can be used to link to this page

Home My WebLink AboutTR-04-00 ""-.~ ON, TR-ll4-QO THE CORPORATION OF THE MUNICIPALITY OFCLARINGTON ~. REPORT Date: January 17, 2000 File #PIO ( fi Res # (}fft- 30-"0 Meeting: General Purpose and Administration Report #: TR-04-00 FILE #: By-law # Subject: CASH ACTIVITY REPORT - NOVEMBER 1999 Recommendations: It is respectfully recommended to Council the following: 1. THAT Report TR-04-00 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 November 30, 1999, is as shown on the attached schedule; and 3 . THAT Part" A" of the expenditures for the month of November 1999, 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 November 30, 1999 and the comparative information for the month ended November 30, 1998. The status of taxes receivable information has been included. The impact of Bill 79 - Capping of Commercial, Industrial, and Multi-residential Properties for 1998 has now been reflected. The 1999 tax bills were issued in the capped classes on November 5, 1999 with due dates of November 26 and December 1 7, 1999. 803 <.- . TR-04-00 PAGE 2 Respectfully submitted, Reviewed by, d~~ Franklin Wu, Chief Administrative Officer. e arano, H.RSc., A.M.C.T., Treasurer MM/LG/hjl Attachments 804 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of November 1999 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED NOTE B HEADS & BEDS LINEAR PROPERTIES SALE OF LAND ONTARIO HYDRO PROCEEDS DEVELOPER CONTRIBUTION. CPR UNDERPASS SUBSIDIES: HANDI.TRANSIT DEVELOPMENT CHARGES.TOWN GENERAL INTEREST DEVELOPMENT CHARGES.REGION/PUC USE OF FUNDS: PAYROLL REGION LEVY NOTE B SCHOOL BOARD LEVIES NOTE B GENERAL.INCLUDING CAPITAL EXP.' , NET CASH PROVIDED (USED) FINANCIAL POSITION: BANK BALANCE OCT. 31/99 GENERAL FUND RESERVE FUND MUNICIPAL POOLED INVESTMENTS INVESTMENTS (GENERAL + RESERVE FUND) 976,367 1,804,578 25,785 35,325 495 NOVEMBER 1998 12,466,706 9,075 200,000 300,000 229,800 553,711 230,601 257,503 14247396 754,555 7,979,842 o 3380,314 12,114711 2 132,685 NET CASH · .Mm< PROVIDED~AfAt.j!::~ / (USED)N<)VUO/lt9 3,941,041 549,489 2,290 1 225 250 ..._--..-..... ,......_--,.-, ............ . .....-..--.-.-..-.. . .. ... ..... .. . .-.....-...-....-.,.....,. ."., . .. 491j4b8 .;:.~:;:-::-:~::'-':.::. 2354068 1~~;P!~ ~6;550745 PART nAil BANK BALANCE NOV. 30/98 5,557,904 3,006,465 90,211 38 194623 TOTAlS 38132226 ; : ' : : : : : : : : : ~ : : : : : : : : : : : : . """-::-::::>:'::' 5 71807043850296. 46849203 NOTE A: Difference In comparison between years due tCf timing difference in receipt of funds. NOTE B: In 1998, Final due dates were in October and November and the related Region & School Levies were paid at a later date. 805 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of November 1 999 PART "B" OCTOBER !-!qY~M~~ilc NOVEMBER 1999 INTEREST TAXES PAYMENTS .....1??~........ 1998 RECEIVABLE ADDED BILLED BALANCE /AD)UST. ... CURRENT YEAR TAXES 4,259,104 7,016,473 11,275,577 (6,032,212) 7,788,017 PENAL TV AND INTEREST 194,136 53 384 247 520 (31 717) 104371 1998 YEAR TAXES 2,249,120 3,683 2,252,802 (330,040) 1,338,374 PENAL TV AND INTEREST 275 069 27 324 302,394 (24685) 131,886 1997 YEAR TAXES 739,403 739,403 (38,065) 539,314 PENAL TV AND INTEREST 167,530 9936 177,466 (9,831) 77 958 PRIOR TAXES 818,878 818,878 (28,347) 602,694 PENAL TV AND INTEREST 470463 10,466 480929 (6,009) 332642 TOTAL 9 173,703 101 110 7,020 156 16294969 (6 500 905) 10915256 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) ... Includes refunds, write-offs, 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 (ie. difference due to outstanding depOSits) 1999 Final RESIDENTIAL Tax Instaliment Due September 1999. 1999 Non-Residentiai Tax Blliing delayed due to Bill 79 capping. For infonnation purposes only. True comparison to prior year not applicable due to changes in tax policy resulting from reassessment and Bill 79. Comparison month for Current Year Taxes-The Monga e companies paid the November 27th, 1998 instaliment In advance. NOTE 2: NOTE 3: NOTE 4: 806 ~ CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "C" STATISTICAL INFORMATION FOR THE MONTH OF NOVEMBER 1999 NOVEMBER YEAR TO DATE Tax Certificates 102 1,520 Number of Properties eligible for Tax Registration (see Note 1) ** see Note 1 Accounts Payable Cheques Issued #32651 to #33166 516 5,760 Number of Births Registered 42 385 Number of Deaths Registered 52 384 Note 1: Number of properties eligible for tax registration not currently available due to impact of Bill 79. 807 ,~ CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT NOVEMBER 30, 1999 PART "D" FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE GENERAL FUND BNS 3,500,000.00 4.40% 70 3,529,534.25 DEe. 15/99 MTL 2,192,454.00 4.83% 26 2,200,000.00 DEe. 15/99 TOTAL GENERAL FUND .....$;~92i4$4.QP.. 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 330,800.00 4.75% 730 487,930.00 Jun 21/04 RBC 999,999.48 7.70% 1718 1,417,032.00 Feb 6/00 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 1 8/00 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 Nov 27/03 RBC 2,063,810.92 7.95% 1688 2,937,391.00 Jan 13/00 RBC . 514,000.00 7.75% 1825 514,000.00 June 8/00 RBC 1,109,499.87 4.75% 817 1,230,317.00 Mar 1/00 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 . 500,000.00 6.25% 2557 500,000.00 Jun 21/06 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 40,397.70 7.20% 1578 54,562.00 Aug 8/00 RBC 299,628.50 5.30% 1396 365,000.00 Sept 1/00 808 .. CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT NOVEMBER 30, 1999 PART "D" I I FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE 0/5 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 1 5/02 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 402,102.80 4.82% 608 434,678.00 Dee 1/99 WOOD GUNDY 171,793.70 4.82% 608 185,691.00 Dee 1/99 WOOD GUNDY 528,412.46 5.34% 788 590,807.00 Aug 8/00 RBC 324,159.58 5.08% 592 350,974.00 Jan 31/00 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 Oet27/03 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 WOOD GUNDY 1,706,284.10 5.05% 380 1,795,994.00 Mar 15/00 RBC 1,683,101.00 5.30% to96 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 2,302,073.61 4.80% 63 2,321,146.13 Jan to/OO RBC 118,693.50 5.10% 1976 155,297.00 OCT 1 5/04 TOTAL RESERVE FUND .50858290.97... .-...1:__..-.1._"""-' ."..-.......-,..,.".' . - ',' -,',' , . . - - ',' . "",; . . -" - - . .. "-",',,' """, ....... . :;:-,.:.:._;:.:.:-:-;.;.;.;-:.,-:-:-,.: ',",', ,.,.,-,-_.,....-.::. " ,"",', ,'-" -'---,' ,., ." . . ... , .-.-,"""",""'-"-' .-...-.-.,.,...,-..,..,....,..-.-...-..__. TOTAL INVESTMENTS $~;$$P/1'44.97 .. . Bond investment. Interest paid on a semi-annual/annual basis 809 _. CORPORATION OF THE MUNICIPALITY OF CLARINGTON NOVEMBER 1999 PART "E" i. Development Charges Total Town Region C.H.E.C. ;. Andelwood Homes 5,711.00 5,458.00 253.00 40M1847 L.,34. C., 2. Darlington B/P#99.0788 Ridge Pine Park 2,460.00 2,460.00 BIP#99.0950, 951. 962, 963 Halminen Homes 20,938.12 20,938.12 40M1754 L., 29, C., 2, Darlington I B/P#99.0802-805 Dunbury Homes 38,676.00 37,326.00 1,350.00 40M 1976 L.. 27, C., 1, Newcastle B/P# 99.0825, 826, 829, 830, 840, 841 Veltri & Son 450.00 0.00 450.00 40M 1970 B/P# 99.0814,815 Eiram Development 51,270.00 0.00 51,270.00 40M 1776 L., 10, C.. 3, Bowmanville B/P# 99.0863-868 Ceiestial Homes 1,873.00 0.00 1,873.00 40M1978 B/P#99.0843 Dawn Hampson 7,331.00 5,458.00 1.873.00 40M 1978 Darlington BIP#99.0881 51. Stephens Estates 569,036.50 243,309.50 325,727.00 40M 1977 L., 8. C., 2, Bowmanville B/P# Veenstra Construction 7,331.00 5,458.00 1.873.00 L.. 10, BFC Darlington B/P# 99.0849 Wm. Todd 7,004.00 5.131.00 1.873.00 L.,15, C., 9, Darlington B/P#99.0683 Jayne Hughes 13,786.73 5,458.00 8,328.73 rOM1822 L., 31, C., 2, Darlington BIP# 99.0917 -1~ CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" NOVEMBER 1999 Development Charges Total Town Region C.H.E.C. Camovale Homes 22,732.00 21.832.00 900.00 40M1945 L., 30. C., 3. Darlington Kaitlin Group 48,447,20 46,197.20 2,250.00 40M1940 L., 17, C., 1, Bowmanville B/P# 99,0630.639 Kaitlin Group 25,470.00 10,262,00 15,208.00 40M1944 L., 17, C.. 1, Bowmanville B/P#99.0121,122 Dunbury Homes 64,423.00 60.038.00 4,385.00 BIP# 99.0933-943, 657 1249981 Ontario Ltd., 44,550.00 42,525.00 2,025.00 40M1945 L., 30, C., 3. Darlington B/P#99.0896-904 , Keerning 1,873.00 0.00 1,873.00 40M 1826 L., 19. C., 8 Darlington B/P# 99,0948 Liza Homes 2,530,00 0.00 2,530.00 B/P#00.191-194 TOTALS 935,892.55 511,850.82 424,041.73 0.00 811 . CORPORATION OF THE PART "E" .- MUNICIPALITY OF CLARINGTON NOVEMBER 1999 CONTRIBUTIONS. CASH-IN.LIEU OF PARKLANO 542985 Ontario Ltd., 7,030.00 LD 153/99. LD 156/99 Total Cash-in-Lieu of Parkland 7,030.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Total Engineering and Inspection Fees Contributions 0.00 CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 - 812