ST. LAWRENCE COUNTY LOCAL DEVELOPMENT CORPORATION
Resolution No. MIC-14-10-08
October 23, 2014
APPROVING AND ADOPTING FY2015 BUDGET
and
AUTHORIZING THE CHIEF EXECUTIVE OFFICER TO MAKE LINE ITEM CHANGES
WHEREAS, the St. Lawrence County Local Development Corporation (the “SLCLDC”) has
caused to be prepared a Fiscal Year 2015 Budget, and
WHEREAS, a tentative Budget, after acceptance by the SLCLDC on September 25, 2014,
was made available for at least 20 days for public inspection and comment, and
WHEREAS, SLCLDC has reviewed any and all comments received during the public
comment period,
NOW, THEREFORE, BE IT RESOLVED that the St. Lawrence County Local
Development Corporation approves and adopts the attached Fiscal Year 2015 Budget, and
BE IT FURTHER RESOLVED that the St. Lawrence County Local Development
Corporation does hereby confer authority to its Chief Executive Officer to make line item changes
within the various components of the budget, provided that: (i) No line item change exceeds $2,500;
(ii) The change does not alter the "Total Expenses" of the relevant component Schedule, and (iii) the
Chief Executive Officer must advise the SLCLDC Board of any such modifications at the SLCLDC
meeting held immediately after such modification has been made, and
BE IT FURTHER RESOLVED that the SLCLDC shall cause to have copies of the Fiscal
Year 2015 Budget forwarded to the St. Lawrence County Clerk, County Treasurer, County
Administrator, Legislative Chair, and NYSABO, and to do all other things as may be required by
statute.
Move:
Second:
VOTE
Blevins
Hall
LaBaff
McMahon
Peck
Staples
Weekes
Weekes
LaBaff
AYE
NAY
ABSTAIN
ABSENT
X
X
X
X
X
X
X
I HEREBY CERTIFY that I have compared this copy of this
Resolution with the original record in this office, and that the
same is a correct transcript thereof and of the whole of said
original record.
/s/
Natalie A. Sweatland
October 23, 2014
St. Lawrence County Local Development Corporation [FY2015 Adopted Budget]
2013
Actual
2014
Budget
YTD
7/31/14
2015
Budget
Income
2400 · Late Fees Received
2409B · Interest Income - Banking
2409L · Interest Income - Loans
2424 · Brasher Admin Income
Total Income
1,275.00
12.71
10,768.62
0.00
12,056.33
1,000.00
15.00
7,200.00
1,000.00
9,215.00
495.00
8.76
4,193.61
0.00
4,697.37
1,000.00
10.00
7,562.00
1,000.00
9,572.00
Expenses
6460411 · Insurance Expense
6460418 · Underwriting/Credit Report Expense
6460420 · Office Supplies Expense
6460424 · Postage Expense
6460432 · Other Legal Expense
6460433 · Legal Expense - Retainer
6460434 · Accounting Expense
6460442 · Meeting Expense
6460445 · Other Travel Expense
6460452 · Brasher Admin Payment
6460502 · Outside Contract Expense
6460499 · Miscellaneous Expense
6460550 · Bad Debt Expense
Total Expenses
615.54
0.00
18.94
101.87
1,536.50
600.00
2,925.00
56.40
0.00
0.00
7,500.00
0.00
6,500.00
19,854.25
700.00
0.00
100.00
100.00
3,000.00
500.00
3,200.00
200.00
500.00
1,000.00
7,500.00
100.00
0.00
16,900.00
0.00
0.00
0.00
6.49
20.00
250.00
3,035.00
0.00
0.00
0.00
7,500.00
0.00
0.00
10,811.49
500.00
500.00
25.00
100.00
2,500.00
500.00
3,200.00
150.00
0.00
1,000.00
7,500.00
100.00
0.00
16,075.00
Total Revenue
Total Expenditures
Net Income
12,056.33
19,854.25
(7,797.92)
9,215.00
16,900.00
(7,685.00)
4,697.37
10,811.49
(6,114.12)
9,572.00
16,075.00
(6,503.00)