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HomeMy WebLinkAboutFIN 17/99 - ~~ OF PIC ~o_% iE :I:ii: ~ ~ REPORT TO COUNCIL FROM: Gillis A. Paterson Director, Corporate Services & Treasurer DATE: November 10, 1999 REPORT NUMBER: FIN 17/99 SUBJECT: Development Charges Reserve Fund Statement for Town of Pickering Services for 1997 and 1998 RECOMMENDATION: That Report FIN 17/99 and the Statement of the Director, Corporate Services & Treasurer respecting the Development Charges Fund (G/L 4227) be received by Council. ORIGIN: Director, Corporate Services & Treasurer ,.. \ AUTHORITY: Development Charges Act, R.S.O. 1990 as amended. FINANCIAL IMPLICATIONS: There are no financial implications to the receipt of this statement. EXECUTIVE SUMMARY: Not Applicable BACKGROUND: - Section 17 of the Development Charges Act requires that the Treasurer furnish to Council a Statement in respect of each Reserve Fund established under Section 16 (ie. for each Development Charge). Statements are attached to this Report covering the last two fiscal years, 1997 and 1998. While total development charges collected decreased by $264,536 from $3,133,000 in 1997 to $2,868,464 in 1998, the amount expended on capital projects also decreased by $185,178 from $2,015,405 in 1997 to $1,830,227 in 1998. Loan repayments of $1,275,533 in 1998 reflect intemal transfers to various other Reserve Funds to renav amounts borrowed to interim finance the construction of Fire and Indoor Recreational Report to Council FIN 17/99 Date: November 10, 1999 - Subject: Development Charges Reserve Fund Statement for Town of Pickering Services for 1997 and 1998 Page 2 Facilities in past years. Interest income and the repayment of oversizing costs make up the difference. The end result was an increase in available balances over the two year period of $858,147 to $5,874,29. ATTACHMENTS: 1. 1997 Statement of Development Charges Reserve Fund 2. 1997 Analysis of Activities Respecting Transfer to Capital Projects 3. 1998 Statement of Activities Respecting Transfer to Capital Projects 4. 1998 Analysis of Activities Respecting Transfer to Capital Projects Approved / Endorsed By: ~~zft- ~ G.A. Paterson, Director, Corporate Services & Treasurer Prepared By: ~~ alinson, Deputy Treasurer - JAT:vw Attachments Recommended for the consideration of Pickering Town Council Thomas J. Quinn, Chief Administrative Officer - .-. ~CHMEN'r # J_Tr RfPORT#fl~ 41 (,1 c___n~~~cc~n l- OO__MOM\O><:tl-l-MOO<n ClJ 0\ \0\0 <n_l-OOr-N><:tO\MM\O CJ -... r-~ 0 0 r-~ N~ -~ 0 M~ \O~ v) 00 0 <n = ..... !: r'i ~ O\o<nM-O\N<n\O<n <n><:t ><:tM-><:t<n\O OO\M -- ~ cJ -: -: \0 = ClJ ~ ~ ~ ~~ ~~~ <n \0 r- Z "t:l I - o><:t O\><:to ~ ClJ - 0\ 0\ \0 <n ON><:t '" ~O\ ~ .... l. ;:::~ v) M~ ..,f ..o<n<n = l. 5 = ~ J:l..", \0 00 _ r-r-- ~....~ \0 '--" 0\ N 0 0 '" u ~ '--" '--" '--" N ~ = ~ 00 ~ l. 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Librarv Facilities Western Branch Librarv Materials Collection Materials <~ $ 392,759 215,090 29,959 3,933 4,047 1,267 18.860 $153,147 113,400 162,000 486.000 $665,915 83,606 914,547 276,097 75.240 $2.015.405 ..,,-. - - ~ z S ~ r.l rn ~ rn r.l ~ == U E-- Z r.l ~ ~ o ...;l ~ r.l ~ r.o. o ~ r.l ~ r.l E-- -< E-- rn ~ ;:J z ~ co 11)0\ C.l-- Cl.... =~~ -; cJ ~~ co 0\ 0\ ..... i< i< :J Cl c = II) O=~ ...;l = ~ ..... ~ ~ r.l ~ r.l U r.l ~ ~ r.l ~ Z r.l ~ ~ r.l == E-- ~ o r.o. 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U 11) "-< ~ ~ o >. 11) ~ !,;" a'l .g ~ : cO..... 11) ~...-l...c: 0. - +-' ;:l cO 0 U .l:l >-. 11) ~ ..0 .....11)"0 +-'UI1) 53"0:::1 V) l::: ;;. ~ cO 0 fr8a .....!+:i >-. oo<'+-<- 11)0- '1:: ~ Q) Cd ....... ;; .&.gfJ U U 0 ~'2 " OIl;:lgf .S ~ ;.a N 11) l::: . Uj ..s <8 ~ "-< 11) ;;. 0 ...c: o E-< * >-. ~ 11) II) ..c:: +-' 11) Oij ;E 'u ~ o ...... V) "0 l::: ;:l r.>-. II) , 11) V) 11) p::: ..... 11) ...c: +-' o ;;., ..0 . "0 a'l ~'I:: ..... 0 ;;. OIl o 11) ..... +-' o.~ OIl "0 .S 11) ut+:: 1ii 'u l::: 11) t+:: ~ S 11) '1:: -B E .S .S V) 11) t) -B 11) ,,-<'0' o a ~~ ~ 'g. 11) u -B ~ 11) 0 &l '1:: ~ ;;: l:::'+-< 11) 0 ~6 cO ..... frt) ..... ,5 fa V) j 8 ~/ * * ATTACHMENT#~ TO REPORT#bcl-nh9 A!fIII/I1II'> ANALYSIS OF AMOUNTS TRANSFERRED -1998 CAPITAL PROJECTS FROM DEVELOPMENT CHARGE RESERVE FUND \ Capital Growth Studies Development Charges Study Update $ 50,000 Roads (External Subdivision Works) Rosebank Road (18T-88074) $174,697 Woodview Avenue (18T-87066) 14,856 Waterford Gate Extension (40M-1629) 4,900 Brock Road (18T -87079) 52,500 Hillview and Park Cres. (18T-89280) 1,400 Dixie Road Urbanization (18T-89077) 181,124 Old Orchard (18T-84032) 58,800 Rosebank Road (18T-93020) 21,640 Finch Avenue (18T-93020) 17,290 Kingston Road (S2/94) 35,560 Altona Road (S2/94) 22,190 Liverpool Road (18T-89081) 19,591 Finch Avenue (18T-89081) 21,560 Southview Drive (S7/95) 68,396 .~ Altona Road (18T -86002) 42,000 Bonita Avenue (18T-94022) 90,200 Strouds Lane (18T-96009) 122,500 Whisky Gate (18T-87059) 14,000 963,204 Parkland Acquisition Prepaid acquisition netted from 'Charge' 71,262 Parkland Development Prepaid development netted from 'Charge' $ 126,823 Petticoat Creek Park 19,540 Pine grove Neighbourhood Park 162,000 Front Street Park 81,000 Rosebank North Neighbourhood Park 20,250 Trail/Bikeway Development 243,000 652,613 Library Facilities Collection Materials 93,148 $1.830.227 -