ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
CIVIC DEVELOPMENT CORPORATION
Resolution No. CDC-11-10-13
October 27, 2011
ADOPTING FISCAL YEAR 2012 BUDGET
and
AUTHORIZING THE CHIEF EXECUTIVE OFFICER
TO MAKE LINE ITEM CHANGES
WHEREAS, the St. Lawrence County Industrial Development Agency Civic
Development Corporation (“Corporation”) has caused to be prepared and has accepted a
tentative Fiscal Year 2012 Budget, and
WHEREAS, Corporation members have reviewed said budget prior to the October 27,
2011 meeting, and
WHEREAS, the Corporation has made the Tentative Budget available for public
inspection and comment pursuant to Title 1 of Article 18-A, Section 861 of New York General
Municipal Law,
NOW, THEREFORE, BE IT RESOLVED that the St. Lawrence County Industrial
Development Agency Civic Development Corporation does hereby adopt the Fiscal Year 2012
Budget, as proposed, attached hereto and made a part hereof, and
BE IT FURTHER RESOLVED that the St. Lawrence County Industrial Development
Agency Civic Development Corporation does hereby authorize the 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) Staff will advise the Corporation Board of any such modifications
at the next Corporation meeting after the change has been made, and
BE IT FURTHER RESOLVED that the Corporation shall cause to have copies of the
adopted budget forwarded to the St. Lawrence County Clerk, County Treasurer, County
Administrator, Legislative Chair, and NYS ABO and to do all other things as may be required by
statute.
Move:
Second:
VOTE
Blevins
Hall
LaBaff
McMahon
Peck
Staples
Weekes
Blevins
Peck
AYE
X
X
X
X
X
NAY
ABSTAIN
ABSENT
/s/
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.
Natalie A. Sweatland
10/27/2011
St. Lawrence County IDA Civic Development Corporation
Income
OPERATING REVENUE- Other
2409 · Interest Income
2410 · Project/Bond Fees
2010 Actual
2011 Budget
YTD
2012 Budget
45.49
252,362.50
10,000.00
150,000.00
40.13
148,400.00
10,000.00
150,000.00
252,407.99
160,000.00
148,440.13
160,000.00
Expenditures
6460433 · Legal Expense
6460434 · Accounting Expense
6460450 · Project Development Expense
6460499 · Miscellaneous Expense
8,715.29
0.00
126,181.25
358.34
10,000.00
0.00
75,000.00
1,000.00
0.00
3,100.00
0.00
163.22
10,000.00
3,500.00
75,000.00
1,000.00
Total IDA CDC Operating Expenditures
135,254.88
86,000.00
3,263.22
89,500.00
Total Revenue
Total Expenditures
Net Income
$
$
$
252,407.99
135,254.88
117,153.11
$
$
$
160,000.00
86,000.00
74,000.00
$
$
$
148,440.13
3,263.22
145,176.91
$
$
$
160,000.00
89,500.00
70,500.00