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Home My WebLink AboutTR-50-00 ,f. ,~ . THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration File #HoGIf . Res ueffl-?bl-eJO Date: July 3, 2000 TR-SO-OO By-law # FILE #: Report #: Subject: CASH ACTIVITY REPORT - FEBRUARY 2000 RECOMMENDA liONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report TR-SO-OO be received j 2. THAT, in accordance with provision of Chapter M-4S, Section 79 (1) of the Municipal Act, R.S.O. 1990, the Treasurer reports the cash position of the Municipality of C1arington for the month ended February 29, 2000, is as shown on the attached schedulej and 3. THAT Part II A" of the expenditures for the month of February 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 February 29,2000 and the comparative information for the month ended February 29, 1999. Reviewed by, Ov~~O--~ ~ ne Marano, H.BSc., A.M.C.T., C.M.O., Treasurer Franklin Wu, Chief Administrative Officer. MM/LG/hjl Attachments 846 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Analysis of Revenue and Expenditures for the Month of February 2000 PART "A" FEBRU)!(Rilt FEBRUARY 2000 1999 REVENUE RECEIVED FOR GENERAL OPERATING AND RESERVE FUND PURPOSES: TAX PAYMENTS RECEIVED 4,841,321 1,711,171 HEADS & BEDS 0 0 LINEAR PROPERTIES 0 0 NEWCASTLE & DISTRICT CHAMBERS OF COMMERCE DONATION-ROAD WATCH PRG~ 500 0 SUBSIDIES: HANDI-TRANSIT DEVELOPMENT CHARGES-TOWN 70,954 95,070 GENERAL 600,142- 3,669,047 INTEREST 442,821 26,743 DEVELOPMENT CHARGES-REGIONIPUC 150,212 113,634 6,106,018 5,615,665 USE OF FUNDS: PAYROLL 1,212,967 822,917 REGION LEVY 0 0 SCHOOL BOARD LEVIES 0 0 GENERAL-INCLUDING CAPITAL EXP'" 2,225,903 5,408,623 3,438,869 6,231,540 NET CASH PROVIDED (USED) 2,667,146 (615,875) BANK NET CASH BANKi BANK BALANCE PROVIDED BALANCE! BALANCE FINANCIAL POSITION: JAN.31100 I(USED) FEB. 29100 FEB.28199 GENERAL FUND 1,871,630 3,058,618 4,930,248 2,319,234 RESERVE FUND 2,943,781 (815,319) 2.12&;482' 1,056,505 MUNICIPAL POOLED INVESTMENTS 363.377 (347,1&5) 1a;~92 53,8&4 INVESTMENTS (GENERAL + RESERVE FUND) 36,306,653 771,033 37,071,eas 33,493,555 TOTALS 41,485,441 2,667,146 44,152,587:" 36,923,178 NOTE A: Difference in comparison between years due to timing difference in receipt of funds. 847 CORPORATION OF THE MUNICIPALITY OF CLARINGTON Continuity of Taxes Receivable for the month of February 2000 PART "B" JANUARY FEBRUARY FEBRUARY 2000 INTEREST TAXES PAYMENTS 2000 1999 RECEIVABLE ADDED BILLED BALANCE IADJUSr" CURRENT YEAR TAXES (1,042,886) (1,042,886) (2,429,082) (3,471 ;968) (1,136,308) PENAL TV AND INTEREST (236) 22 (214) (29) (Z4~ii 0 1998 YEAR TAXES 4,711,863 4,711,863 (320,170) 4 391693. 4,334,473 PENAL TV AND INTEREST 236,178 57,916 294,095 (24,125) '?~$i!Sit:Ci 195,072 1997 YEAR TAXES 1,741,989 1,741,989 (34.576) 1,707,413 1,169,710 PENALTY AND INTEREST 256,296 21,821 278.117 (16,262) 261.855 146,101 PRIOR TAXES 1,358,545 1,358,545 (21,683) 1,336:863 1.033.914 PENALTY AND INTEREST 505,837 17,812 523,649 (23,626) 500,023 428.548 TOTAL 7,767,588 97,571 0 7,865,160 (2,869,554 ) 4,995,606 6,171,510 TOTAL TAXES LEVIED (INCLUDING REGION AND SCHOOL BOARDS) 0 0 PERCENT OF CURRENT TAXES OUTSTANDING N/A N/A ,.. Includes refunds, write-ofts, 496'8, 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: Final 2000 Budget not yet determined NOTE 3: Current year taxes receivable are in a negative position because they represent prepaid taxes i:)4b , CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "e" STATISTICAL INFORMATION FOR THE MONTH OF FEBRUARY 2000 FEBRUARY YEAR TO DATE Tax Certificates 96 175 Number of Properties eligible for Tax Registration (see Note 1) 111 .. see Note 2 Accounts Payable Cheques Issued #34254 to #34740 487 1,052 Number of Births Registered 45 84 Number of Deaths Registered 0 41 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. - b4'J CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT FEBRUARY 29, 2000 PART "0" FINANCIAL INVESTMENT NTERES # OF DAYS MATURITY MATURITY INSTITUTION COST RATE O/S VALUE DATE GENERAL FUND MTL 1,785,096.00 5.08% 60 1,800,000.00 MAR. 1 0/00 TO 2,981,400.00 5.06% 45 3,000,000.00 MAR.13/00 TOTAL GENERAL FUND 4; 766.49€l.QQ 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 . 295,000.00 8.50% 3285 295,000.00 May 26/04 WOOD GUND' 435,075.29 5.20% 777 484,272.00 Aug 18/00 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 2,937,000.00 6.00% 1460 3,641,880.00 Jan.26/04 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 GUND' 250,000.00 5.00% 2556 250,000.00 June 21/05 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 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 85U CORPORATION OF THE MUNICIPALITY OF CLARINGTON INVESTMENTS OUTSTANDING AS AT FEBRUARY 29, 2000 PART "0" I I FINANCIAL INVESTMENT NTERES # OF DAYS MATURITY MATURITY COST RATE O/S VALUE DATE INSTITUTION 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 15/02 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 GUND' 648,000.00 6.05% 397 690,641.06 Jan 15/01 RBC 870,460.00 5.00% 365 913,983.00 Dee.21/00 WOOD GUND' 528,412.46 5.34% 788 590,807.00 Aug 8/00 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 Oct 27/03 RBC 855,000.00 5.35% 1832 1,065,102.90 Mar 1/04 WOOD GUND' 500,000.00 5.22% 731 526,500.00 Apr 16/00 WOOD GUND' 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 2,321,146.13 5.10% 60 2,340,605.60 Mar.10/00 RBC 118,693.50 5.10% 1976 155,297.00 OCT 15/04 TOTAL RESERVE FUND 32,311,189.01 v I "L INVESTMENTS 37,077,685.01 . Bond investment. Interest paid on a monthly/semi-annuallannual basis eJl CORPORATION OF THE MUNICIPALITY OF CLARINGTON PART "E" FEBRUARY 2000 Development Charges Total Town Region W. 8mit 7.331.00 5,458.00 1.873.00 Res Devel Form #00404 3340 Concession Rd., 8 B/P#99.035 1317870 Ontario LId.. 104,496.00 43.664.00 60,832.00 40M 1982 L..35, C., 2, Darlington B/P#OO.0070-0077 Celestial Homes Inc., 7,331.00 5,458.00 1.873.00 40M1978 L., 9. C., 6, Darlington B/P#99.1064 Prestonvale Heights LId., 40,643.00 0.00 40.643.00 40M1929 l., 34. C., 2. Darlington B/P#OO.0064-68,91-94 Eiram Devel Corp., 34,180.00 0.00 34.180.00 40M 1776 L., 10. C., 3, Bowmanviile B/P#99. 1 017-1020 M. MacPherson 7,331.00 5,458.00 1,873.00 Res. Devel. Form #00472 L..9, C.,5 Darlington B/P #00.0032 Andlewood Homes 5,711.00 5,458.00 253.00 40M1847 L., 34, C.. 2, Darlington B/P #00.0037 Andrew Warbutton 14.003.00 5,458.00 8.545.00 Res. Devel. Form #00453 B/P #00.0099 TOTALS 213,895.00 70,954.00 150,272.00 8)~ , . , CONTRIBUTIONS - CASii-lN-L1EU OF PARKLAND Claret Investments Ltd., 27,500.00 18T91 005 Pam Tile 945.00 SPA99-044 1317870 Ontario Lid., 4,625.00 LD248/99, 250/99 Total Cash-in-lieu of Parkland 33,070.00 CONTRIBUTIONS - ENGINEERING AND INSPECTION FEES Claret Investments Ltd., 28,612.82 18T91005 Total Engineering and Inspection Fees Contributions 28,612.82 CONTRIBUTIONS - ROADS Total Roads Contributions 0.00 - 8J3