HomeMy WebLinkAboutFIN 17/99 (2),... ..�.... , . . . . .. .;..,.,.. . .,��... . ._ .. . . ..
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ItEPORT TO COUNCIL
FROM: Gillis A. Paterson DATE: Novembcr 10, 1999
Direclor, Corporate Services & Trcasurer
REPORT NUMBER: FIN 17/99
SUBJECT; Developmenl Charges Reserve Fund Statement for Town of Pickering
Services for 1997 and 1998
RECOMMENDATION:
That RepoA FIN 17/99 und the Stalemenl of the Uirector, Curporate Services & Treasurcr
respecting the Devclopmenl Chnrgcs Fund (G/L 4227) bc reccived by Council.
ORIGIN:
Direcror, Corporute Scrvices & Trcasurcr
AUTHORITY:
Developmcnt Charges Act, R.S.O. 1990 as amcndcd.
FMANCIAL IMPLICATIONS:
There are no financial implications to the receipt of this stntemcnt.
EXECUTNE SUMMARY:
Not Applicable
BACKGROUND:
Scction 17 of the Development Charges Act tequires that lhc Trensurer fumish to Council a
Statcment in respect of each Reservc Fund cstablished under Sedion 1G (ic, for cach
Development Charge). Statements are attached to this Repart covering the last two fiscul ycars,
t997 and 1998.
While totnl developmenl chargcs collected decrcased by $264,53G from $3,133,000 in 1997 to
52,868,464 in 1998, the nmount expended on capital projecls also dccrensed by $185,178 from
$2,015,405 in 1997 to SI,830,227 in 1998.
Loan repayments of 51,275,533 in 1998 rcllcct inlcmal trnnsfers to various other Rescrve Funds
to repay emounts borrowed to intcrim financc the construclfon of Fira and indoor Rccrcntionnl
• � Repod to Council FIN 17/99 Dma; Novcmber 10,1999
Subject: Developmenl Chnrges Reserve Fund Sintement for Town PoBa 2 9 3
of Pickering Services for 1997 and 1998
Fucilities in past yeurs. Interest income und tha repayment of ovcrsizing cosls mukc up thc
difTerence. The end result was an increuse in nvailablc balances ovcr Ihc two year period of
5858,147 to $5,874,29.
ATTACHMENTS:
1. 1997 Statement af Developmcnt Charges Reserve Fund
2. 1997 Malysis of Aclivities Respecting Transfer to Capitnl Projects
3. 1998 Stalement of Activities Respecting Transfcr to Capital Projects
4. 1998 Annlysis of Activities Respecting Transfcr to Cnpital Projects
p�P�d gy; Approved / Endorsed By:
ol �
J omlinson, "G,A. Patcrsan,
Depury Treasurer Direclor, Cornorate Serviccs & Treasurcr
JAT:vw
Auachments
Recommended for the consideration of
PickeringTown uncil ��
i
' (fl�/�+
omas J. inn, ief inistrnti e OCficer
, . , . .., 1;
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ATTACHMENTN�TOREP011TN,�L� .(1�g9
ANALYSIS Oh Ab10UNTS TRANSFERRF.D l0199ZCAPITAI. PROJEC'fS 95
FROM DEVELOPMENT CHARGE RF.SF:RVE FUND
Roads (External Subdivteton Worksl
Rosebunk Road(18T-88074) S 392,759
Woodview Avenue(IST-87066) 215,090
fairport Urbanizalion 29,959
Kingston Road Trunk Stortn Sewer (WG) 3,93�
Finch Avenue Street Lights (18T-93020) 4,047
Finch Avenue Sidewalk(18T-89028) 1,2G7
Dixic Road Urbanizution (18T-89077) 18.860 5665,915
Parkland Acauis(tton
Prepaid ucquisilion netted Gom'Charge' 83,G0G
Parkland Develooment
Prcpaid development nettcd Gom'Chargc' S153,147
TraiUBikeway Deveicpment i 13,400
SouthcoR Fines Purk IG2,000
Princess of Wnlcs Park 48G.00n 914,547
Lfbrarv FaciliNes
Westem Brunch 27G,097
Librarv Maferinls
Collcction Mutcrials 75.240
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96
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ATTACHMENT#�.TO REPORTMf1tUl�y,9
ANAI,\'S1S OF AMOUNTS TRANSFERRED —1998 CAPI'I'AI. PROJEC'fS 9%
FROM DEVELOPMENT CHARGF. RESERVE FUND
Caoital Growth Studies
Development Charges Study Update
Roads (External Subdivision 1Vorksl
Rosebank Road (18T-88074)
Woodview Avenue (18T-87066)
Watcrford Gate Extcusion (40M-1G29)
Brock Road(18T-87079)
Hillview and Park Cres. (18T-89280)
Dixie Road Urbanization (18T-89077)
Old Orchard(18T•84032)
Rosebank Road(18T-93020)
Finch Avenue(18T-93020)
Kingston Road (S2/94)
Altonn Road (S2/94)
Livcrpool Raad (18T-89081)
Finch Avenuc(18T-8908t)
Southview Drivc (S7195)
Altona Road (18T-86002)
Bonila Avcnuc (18T-94022)
Strouds Lunc (18T-9600'l)
Whisky Gatc (18T-87059)
Parkland Acauisltion
Prepaid acquisition netted from'Charge'
Parkland Develoament
Prepaid davelopment ncttcd from 'Charge'
Pctticoat Crcek Park
Pinegrove Neighbourhood Pazk
Front Strecl Park
Rosebank North Ncighbourhood Pnrk
TraiUBikeway Development
Librarv Facilities
Collection Muterials
$174,697
14,85G
4,900
52,500
1,400
181,124
58,800
21,G40
17,290
35,SG0
22,190
19,591
21,5G0
G8,39G
42,000
90,200
122,500
14.000
$ 50,000
9G3,204
71,2G2
$ 12G,823
19,540
162,000
81,000
20,250
243.000 652,613
93.148
$1.830.227
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