The URL can be used to link to this page

Home My WebLink AboutTR-38-00 . '! i. ~ Meeting: Date: Report #: Subject: THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT General Purpose and Administration Committee File #: Ao &( Res.aIT-;29;)-60 June 19, 2000 TR-38-00 File #: By-Law #: ANNUAL STATEMENT FOR THE DEVELOPMENT CHARGES RESERVE FUNDS FOR THE YEAR ENDED DECEMBER 31, 1999 Recommendations: It is respectfully recommended the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-38-00 be received for information. Background & Comments: 1.0 2,0 3,0 ~/ In accordance with the Development Charges Policy Report dated February 5, 1992, section 2.12,2, the attached Schedule "B" shows the activity in the development charges reserve funds pursuant to the 1992 Development Charges Report for the year ended December 31, 1999. In accordance with Bill 98, an Act to promote job creation and increased municipal accountability while providing for the recovery of development costs related to new growth, Schedule "A" attached shows the activity in the new Development Charges Reserve Funds for the year ended December 31, 1999. The 1992 Development Charges Policy Report established growth related capital projects that were to be built and financed over a ten-year development time frame. In the Community Services category, the primary projects were the Courtice Community Complex and the twin pad on the Garnet B. Rickard Recreation Complex, 809 , Report TR-38-00 ANNUAL STATEMENT FOR THE DEVELOPMENT CHARGES RESERVE FUND FOR THE YEAR ENDED DECEMBER 31, 1999 Page 2 In the Library category, the primary project was the library component of the Courtice Community Centre. 4.0 Since ten years of collection of development charges levies has not yet occurred and there was less that anticipated development growth during the recession years, insufficient levies have been collected to date in the 1992 Community Services and Library Development Charges Reserve funds to finance the full cost of the Garnet 8, Rickard Recreation Complex and Courtice Library, These shortfalls have been transferred to the new 1999 Indoor Recreation and Library Board Development Charges Reserve Funds, 5.0 For the year ended December 31, 1999, a total of 826 residential building permits were issued. Approximately 1,100 units were anticipated through the 1999 development charge background study and previous 1992 development charge policy report, Also, a total of 17 capital projects have been financed by the Development Charges Reserve funds, Respectfully submitted, Reviewed by: ~~k. "'-A~M.~o, H.BSo.,AMCT, CMO, Treasurer. LJ ~-S~ Franklin Wu, M,C.I.P.,R.P,P" Chief Administrative Officer. MM/NT/RB/hjl Attachments 810 DN:DCRFI99DCRF MUNICIPALITY OF CLARINGTON DEVELOPMENT CHARGES RESERVE FUNDS STATEMENT FOR THE 1999 YEAR 1999 DEVELOPMENT CHARGES POLICY REPORT SCHEDULE A GENERAL LIBRARY FIRE INDOOR PARK DEV. PUBLIC WORKS ROADS AND STORMWATER TOTAL GOVERNMENT BOARD DEPARTMENT RECREATION AND FACILITIES DEPARTMENT RELATED DRAINAGE AND CONTROL SERVICES Balance as of September 1, 1999 PLUS: Development Charge Proceeds (11,828) (54,312) (44,...) (146,561) (133,877) (60,800) (415,012) (867,256) Accrued Interest ApporUonment (104) (617) (509) (1,864) (1,520) (690) (4,712) (9,816) Transfer from Reserve Fund Transfer from Old 1992 OfC Reserve Fund (14,234) (373,801) (2,646,261 ) (3,034,296) SUBTOTAL (26,166) (54,929) (419,178) (146,225) (135,397) (61,490) (3,065,985) (3,911,370) LESS: Amount Transferred to Capital Fund * 8,668 B,... Transfer to Revenue Fund 6,401 6,401 Transfer to Old 1992 OfC RtF for 1992 OfC deficit 565,310 802,159 1,367,469 SUBTOTAL 15,069 565,310 802,159 1 ,382,538 ::0 Closing Balance as of Oecember31, 1999 (11,097) 510,381 (419,178) 653,934 (135,397) (61,490) (3,065,985) (2,528,832) Committed Amounts from PriorYears ... 5,000 250,737 1,436,845 1,692,583 Balance Available for Future Needs (6,097) 510,381 (168,441) 653,934 (135,397) (61,490) (1,629,140) (836,249) * See SChedule 0 and Section 3.0 & 4.0 of report ... See Schedule C DN:DCRFI99DCRF MUNICIPALITY OF CLARINGTON DEVELOPMENT CHARGES RESERVE FUNDS STATEMENT FOR THE 1999 YEAR 1992 DEVELOPMENT CHARGES POLICY REPORT SCHEDULE B PUBLIC COMMUNITY LIBRARY FIRE CIVIC SUBTOTAL CLARINGTON TOTAL WORKS SERVICES PROTECTION ADMINISTRATION HYDRO Balance as of December 31,1998 (3,123,688) 1,200,106 732,401 (325,001) (71,467) (1,587,649) (1,587,649) PLUS: Development Charge Proceeds (1,026,644) (625,634) (122,435) (89,613) (83,768) (1,948,094) (23,273) (1,971,367) Accrued Interest Apportionment (226.768) (33,450) (7,154) (267,372) (267,372) Transfer from Reserve Fund (26,724) (135,656) (162,580) (162,580) Transfer fr: New 1999 D/C RlF for 1992 D/C deficit (802,159) (565,310) (1,367,469) (1,367,469) SUBTOTAL (1,253,412) (1,454,517) (823,601) (123,063) (90,922) (3,745,515) (23,273) (3,768,788) LESS: Amount TransfelTed 10 Capital Fund 1,730,839 254,411 74,263 77,952 2,137,465 2,137,465 Transfer 10 Revenue Fund 91,200 70,203 161,403 23,273 184,676 Transfer 10 Reserve Fund 0.J SUBTOTAL 1,730,839 254,411 91,200 74,263 148,155 2,298,868 23,273 2,322,141 Balance as of September 1, 1999 (2,646,261) (373,801) (14,234) (3,034,296) (3,034,296) ::0 Transfer to New 1999 D/C Reserve Fund 2,646,261 373,801 14,234 3,034,296 3,034,296 Closing Balance as of December 31, 1999 NOTE: Total Development Charges collected on behalf of the Region in 1999 Less: Amounts paid to the Region Total Development Charges due to the Region at Oecember31, 1999 2,711,194 {2,711 ,194) o ON:OCRF/99DCRF YEAR RESERVE FUND: 1996 Capital 1996 Capital 1996 Capital 1996 Capitai 1997 Capital 1997 Capital 1997 Capital 1997 Capital 1997 Capital 1997 COUNCIL 1998 Capital 1998 Capital 1998 Capital 1998 Capital 1998 Council 1998 Council 1999 Capital 1999 Capital 1999 Capital 1999 Capital 1999 Capital 1999 Capital 1999 Capital 1999 Capital RESERVE FUND, 1999 Capital 1999 Capital RESERVE FUND: 1998 Capital MUNICIPALITY OF CLARINGTON DEVELOPMENT CHARGES RESERVE FUND STATEMENT FOR THE 1999 YEAR COMMITTED AMOUNTS FROM PRIOR YEARS' BUDGETs/COUNCIL APPROVALS PROJECT / DESCRIPTION ROADS AND RELATED DEVELOPMENT CHARGE -Green Road-road reconstruction -Middle Road--road reconstruction -Bradshaw Street-road reconstruction -HWY#2 Urbanization-road reconstruction -Scugog Street-road reconstruction -Uptown Ave. Extension-F/Hall drainage -Miscellaneous Land Purch,-road widenings -HWY #2 Courtice-Sidewalk construction -Miscellaneous Equipment purchases -Add'l funds 51. Li9hting conlract CL97 -19 -Middle Rd. reconstruction -Street Lights--Courtice Rd. . Equipment~-misc. -Equipment..Sander,Drive Clean Equip,tiller,rake,patchbar -Additional funds --Wellington 81. reconstruction -Additional funds PW Fleet--Truck with sander/plow -Road Reconstruction - Edward 8t -Road Reconstruction - High St -Road Reconstruction - Wellington St -Road Reconstruction - Middle Rd -Engineering Design - Capital -Street Light Installation - Hwy #2, Courtice -Miscellaneous equipment -New equipment purchase - Hampton Total FIRE DEPARTMENT DEVEWPMENT CHARGE .vehicles & Heavy Equipment ~Land Acquisition - Courtice Stat #4 Total GENERAL GOVERNMENT DEVEWPMENT CHARGE -Computer Service-Software Total TOTAL COMMITTED TO DEVELOPMENT CHARGES RESERVE FUNDS *relates to 1992 Development Charges Policy Report and will be expended in 2000. 813 SCHEDULE C AMOUNT COMMITTED 291,928 45,697 28,786 75,444 255,502 22,630 2,234 15,256 192 3,134 201,473 13,302 3,386 2,326 8,889 6,000 77,400 42,648 32,962 27,705 199 260,120 10,823 8,807 1,436,845 737 250,000 250,737 5,000 5,000 1,692,583 DN:DCRF/99DCRF MUNICIPALITY OF CLARINGTON DEVELOPMENT CHARGES RESERVE FUND STATEMENT FOR THE 1999 YEAR 1999 OEVELOPMENT CHARGES POLICY REPORT eAPIT AL EXPENDITURES General Government: Legal Fees - Development Charges By-law Appeal Consulting Services ~ Development Charges Study Review TOTAL CAPITAL EXPENDITURES AMOUNT 3,642.86 7,687,92 11,330.78 814 FINANCING 2,786,79 856,07 5.861.26 1.806,66 8.668,05 2.662,73 SCHEDULE D NAME General Government DIG RIF Municipal Capital Works R1F General Government DIG R1F Municipal Capital Works RtF General Government DIG RlF Municipal Capital Works RIF