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Home My WebLink AboutTR-11-00 , h DN, TR-Il-00 ... THE CORPORATION OF THE MUNICIPALITY OF CLARlNGTON REPORT Meeting: Date: General Purpose and Administration File # Fi!JC/f Res #G/fl-Hb -0 0 March 20,2000 Report #: TR-ll-00 FILE #: By-law # Subject: CASH ACTIVITY REPORT - DECEMBER 1999 Recommendations: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-ll-00 be received; 2. THAT, in accordance with provision of Chapter M-45, Section 79 (1 )of the MunicipalAct, R.S.O. 1990, the Treasurer reports the cash position ofthe Municipality of Clarington for the month ended December 31, 1999, is as shown on the attached schedule; and 3. THAT Part II A" of the expenditures for the month of December 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 December 31, 1999 and the comparative information for the month ended December 31, 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. 810 - , TR-11-00 PAGE 2 Respectfully submitted, Reviewed by, o~~ rle Marano, H.RSc., A.M.C.T., Treasurer Franklin Wu, Chief Administrative Officer. MM/LG/pp Attachments 811 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of December 1999 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED NOTE B HEADS & BEDS LINEAR PROPERTIES FEDERAL MINISTRY - NEWCASTLE BREAKWALL PROVo MINISTRY - SAMUEL WILMOT NATURE AREA VERIDIAN PROMISSORY NOTE INTEREST ONTARIO HYDRO PROCEEDS-MUN. OPERATIONS CTR. SOLICITOR GEN. - FUNDING MUN, OPERATIONS CTR. NEWCASTLE LIONS CLUB DONATION - NEWC. HALL 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... p~q~~~\l. . .......1999 .......... ... ..-..-...... ., ........... ..-..-..-. .......". ..- ..-..-..-... .., ..-........ ... d!iiiJS27 .......... .--.-.--.. ........ . . .......... ..... ..... .......... .......... ........... . ........ ... .......... ..-..-..-.. ."........ ....-..-.... ........ . ..-..-..... ..... ..... ."....... ..-..-..-... ........ .. .....-.... .. ..... . ."......... ....... . ?P~i'?4 1MM'1~ M'?~A'1t . 2;55filJ32 DECEMBER 1998 2,965,944 o 1,932,707 o o o 25,000 24,110 25,000 176,001 1,199,2S9 85,388 251,244 6684653 816,270 7,979,842 5,047,116 2,285,788 .....-..-. .. .. .. . ..-........ ........ .. .,.,.;.;-,.-.,.,-,.: .3isi917 16,129,016 NET CASH PROVIDED (USED) (9 444 363) FINANCIAL POSITION: GENERAL FUND RESERVE FUND MUNICIPAL POOLED INVESTMENTS INVESTMENTS (GENERAL + RESERVE FUND) TOTALS BANK BALANCE NOV.30/99 4,91 7,408 2,354,068 28,075 36,550 745 NET CASH PROVIDED / (USED) .. <<BANK . .......... ....M-~fi:Nli:~ HP~it,jIl99 PART nAil BANK BALANCE DEC.31/98 6,281,971 785,643 112,674 30224 553 ......-....... .............. .....'...-....-.......... .............. .............. ..,-....,....-..-....-.. 43850296 (2801 390)4f@;90iV 37,404841 ............. .... .. . ...,.......... .-..-.-....-......... .............. ........-.....-....-.. .............. .--.--.... (2,468,002)~;W"'?1P( 284,378 .M~M~~ (24,255).~;$ZQ (593 511 )~SijSi2~{ NOTE A: Difference in comparison between years due to 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. 812 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity ofTaxes Receivable for the month of December 1 999 REPAID TAXES CURRENT YEAR TAXES PENAL TV AND iNTEREST 1998 YEAR TAXES PENAL TV AND INTEREST 1997 YEAR TAXES PENALTY AND INTEREST PRIOR TAXES PENAL TV AND INTEREST TOTAL NOVEMBER 1999 RECEIVABLE S,243,36S 21 S 803 1,922,762 277 709 701,338 167635 790,532 474919 9 794 063 INTEREST ADDED TAXES BILLED 6,884,681 64176 24,275 9429 9804 PAYMENTS BALANCE /AD]UST. ... 12,128,046 279 979 1,922,762 301 984 701,338 177 063 790,532 484,723 (7,519,446) ... (34,189) ... (191,430) (21 838) (43,391) ( 13,744) mmr~T~ .. ,.".. ."........ ..........." .......-.---.. .. . ...... ........... ...........-..-. . . ....... ...."..... ..-.-.-,.............. ...."..... ..-........" ....._---,_. ............. ............ . ----,.-,.. ..... .. ,. ...."....... . .'. - . -. . . - . . . . . - . . . - ' , . . . .. ......... .t,~q~,~p . HZitJf9b .. ............ .............. .....-.-...-....-......'.. .,.:..:-:-:.;-:-:.".:-:.:.;.: ...-.-.....-.-.-.-...-...,'. ............... ,.":..:.:-:-,-:-:,".:-:.:-;.: ...-.-...-.-.....-.......-.. ............... '.": :-::-:-:-:.:.:-:.:.;.: ..-............ . . ----,---, ..... ......... (42,932) .....mM~ (33057) > HA$1666 ...-.....-.....-..'.... ... .. ... . ............. .,.,-,-:-,-,.,-,-,.:.,., ...-..-.....-.......-'. ... ..... ... 107683 6884681 16786,427 (7,900 027) .... n~~uMiQ ... TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 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: For Infonnation purposes only. True comparison to prior year not applicable due to changes in tax policy resulting from reassessment and Bill 79. 813 PART nB" DECEMBER 1998 7,041,294 131,290 1,491,301 133 272 521,905 81031 569,441 334 637 10304171 CORPORATION OF THE MUNICIPALITY OF CLARlNGTON PART "C" STATISTICAL INFORMATION FOR THE MONTH OF DECEMBER 1999 DECEMBER YEAR TO DATE Tax Certificates 115 1,635 Number of Properties eligible for Tax Registration (see Note I) 122 .. see Note 2 Accounts Payable Cheques Issued #33167 to #33688 521 6,281 Number of Births Registered 29 414 Number of Deaths Registered 52 436 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. 814 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT DECEMBER 31,1999 PART "D" I I FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY COST RATE O/S VALUE DATE INSTITUTION GENERAL FUND BNS 1,999,789.20 4.90% 38 2,010,000.00 JAN. I 0/00 TD 2,985,390.00 5.10% 35 3,000,000.00 JAN.27/00 TOTAL GENERAL FUND ....4;~$$il7Q;~P... 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 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 I 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 I 3/00 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 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 1/00 815 CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT DECEMBER 31, 1999 PART "D" FINANCIAL INVESTMENT INTEREST # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE RESERVE FUND RBC 180,862.43 5.63% 1549 228.160.00 Feb 1/0 I 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 I 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 1/0 I 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% 30 874,037.23 Jan 20/00 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 2/0 I RBC 942,893.00 6.30% 1825 1.239,904.30 Oet 27/03 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% 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 Dee 1/03 Hong Kong 2,302,073,61 4.80% 63 2,321,146.13 Jan 10/00 RBC 118,693.50 5.10% 1976 155,297.00 OCT 15/04 TOTAL RESERVE FUND ~Q;972;O$4l4t ITOT AL INVESTMENTS .-..-..-..-......-... . ... ... . .... .-........"."."... . .------..-----...--.--. . .. .. ..... .... . ..........."......... .--.--.--.-....---.-..-- . .. ....... .... .. .-,.-,.-,."."..-... . .. . . .........."."."... . '-"-'-.'.-'--'-" ~$;9$ijZ~~.~i .. * Bond investment. Interest paid on a semi-annual/annual basis 816 . CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" DECEMBER 1999 Development Charges Total Town Region C.H.E.C. IAndlewood Homes 5,711.00 5,458.00 253.00 140M1847 L., 34, C., 2, Courtice B/P#99.0945 Robinson Ridge Developments 36,460.12 34,857.12 1,603.00 40M1931 1".,34, C.. 1, Darlington IB/P#99.0677, 651-654, 1000-1001 Halminen Homes 42,326.60 41,876.60 450.00 OM1754 .,29, C., 2, Darlington ~/P#99.0923-928, 988-989 t. Stephens Estates 99.788,61 16.220.61 83,568.00 OM1977 .,8, C., 2, Bowmanville B/P#99.0621, 912. 913 ...... Frank Hill 7,331.00 5.458.00 1,873.00 OR16943 LD~98-180 B/P#99.0931 Celestial Homes 7,331~00 5,458.00 1,873.00 OM 1978 L., 8, C., 6, Darlington B/P# 99.0991 \'673666 Ontario Ltd., 16,880.00 16,374.00 506.00 OM1910 L., 12, C., 2, Bowmanville B/P# 99.0975,976 Schickedanz 42,009.00 16,374.00 25.635.00 OR19115 L.t 9, C.. 2, Bowmanville B/P#99.0832-834 #1317870 Ontario Ltd., 182,868.00 76,412.00 106,456.00 40M1982 L., 35, C.. 2, Darlington B/P#99.0882-895 Dunbury Homes 17,077.00 16,374.00 703~00 40M1976 L., 27, C., 1, Newcastle B/P#99.0993~995 TOTALS 45?07U3 234,862.33 222,667.00 0.00 817 . CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "En ~ I DECEMBER 1999 CONTRIBUTIONS - CASH-IN-LIEU OF PARKLAND Rogers/Cantel SPA 99-022, 23 2,629.12 Mr. Sotiriadis Dev 98-046 1,000.00 Johnston LD 243/99 575.00 Total Cash-in-Lieu of Parkland 4,204.12 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES rotal Engineering and Inspection Fees Contributions 0.00 CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 818