St. Lawrence County Industrial Development Agency
Balance Sheet
As of June 30, 2012
Jun 30, 12
ASSETS
Current Assets
Checking/Savings
200 · Cash
200P · Cash - Payroll Checking Account
201 · Cash in Time Deposits
203 · Cash - Rental Deposits
Total Checking/Savings
130,530.76
22,680.86
3,164,000.05
13,782.82
3,330,994.49
Other Current Assets
211 · Special Reserve
220 · Due from Affiliate Agencies
Total Other Current Assets
Total Current Assets
2,000,000.00
12,630.79
2,012,630.79
5,343,625.28
Fixed Assets
105 · Technology Development Center
105-A · Technology Development Center
105-B · TDC Depreciation
Total 105 · Technology Development Center
625,168.53
-275,837.29
349,331.24
108 · Computer
108-A · Computer
11,322.77
108-B · Computer Depreciation
-9,894.07
Total 108 · Computer
1,428.70
110 · 1st Gouverneur Industrial Bldg
110-A · 1st Gouverneur Land
10,500.00
110-B · 1st Gouverneur Bldg
398,730.18
110-C · 1st GIB Depreciation
-171,695.28
Total 110 · 1st Gouverneur Industrial Bldg
237,534.90
111 · Gouverneur Industrial Park
111-A · Gouverneur Industrial Park
Total 111 · Gouverneur Industrial Park
74,139.65
74,139.65
112 · Vehicles
112-A · Vehicles
112-B · Vehicles Depreciation
Total 112 · Vehicles
95,290.89
-85,974.70
9,316.19
115 · 3rd Massena Industrial Bldg
115-A · 3rd Massena Land
37,500.00
115-B · 3rd Massena Bldg
525,290.42
115-C · 3rd MIB Depreciation
Total 115 · 3rd Massena Industrial Bldg
119 · Massena Industrial Park-Lot 12
-204,137.39
358,653.03
40,963.08
122 · Furnishings
122-A · Furnishing
122-B · Furnishing Depreciation
Total 122 · Furnishings
22,353.85
-19,796.40
2,557.45
125 · Massena Lot 20
125-A · Massena Lot 20
125-B · Massena Lot 20 Depreciation
Total 125 · Massena Lot 20
715,515.78
-108,818.00
606,697.78
126 · Potsdam Commerce Park
126-A · Potsdam Commerce Park Bldg
SLCIDA Financials (June 2012) - Page 1
890,509.28
St. Lawrence County Industrial Development Agency
Balance Sheet
As of June 30, 2012
Jun 30, 12
126-B · PCP Depreciation
Total 126 · Potsdam Commerce Park
-115,024.11
775,485.17
127 · Massena Lot 17
127-B · Massena Lot 17 Depreciation
-32,300.00
127A · Massena Lot 17
408,000.00
Total 127 · Massena Lot 17
375,700.00
Total Fixed Assets
2,831,807.19
Other Assets
Notes Receivable (N/R)
483 · N/R - ATL - Tamarack Building
489 · N/R - Kinney Drugs
496 · N/R - Slic Network Solutions
Total Notes Receivable (N/R)
Total Other Assets
TOTAL ASSETS
71,094.91
26,798.70
299,694.53
397,588.14
397,588.14
8,573,020.61
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
2100 · Deposit - Rental
13,782.82
2414 · Refundable Deposits
15,000.00
523 · Accrued Expenses Payable
Total Other Current Liabilities
Total Current Liabilities
8,098.00
36,880.82
36,880.82
Long Term Liabilities
Mortgage Payable
651 · M/P - GMEDF GM Vendor Project
Total Mortgage Payable
337,896.33
337,896.33
Notes Payable (N/P)
635 · N/P -NATCO (Village of Potsdam)
653 · N/P - SLC IDA LDC Massena Lot20
145,000.00
83,348.47
Total Notes Payable (N/P)
228,348.47
500 · Emp Compensated Time Accruals
156,929.11
501 · Postemploy Benefits w/o Pension
143,317.00
524 · Due to SLC IDA - LDC
Total Long Term Liabilities
Total Liabilities
457.30
866,948.21
903,829.03
Equity
Fund Balance - Appropriated
2,000,000.00
3900 · Fund Balance - Unappropriated
5,689,895.53
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
SLCIDA Financials (June 2012) - Page 2
-20,703.95
7,669,191.58
8,573,020.61
St. Lawrence County Industrial Development Agency
2012
2012 Budget
Income
OPERATING REVENUE- Other
2400 · Late Fees Received
2409 · Interest Income
2411 - Refund of Prior Years Expense
2421 - St. Lawrence County Revenue
2422 - RVRA Administrative Revenue
2423 - GMEDF Administrative Revenue
2504 - CDC Project Revenue
Jun-12
YTD
Balance
350.00
50,000.00
0.00
425,000.00
300,000.00
7,200.00
75,000.00
857,550.00
0.00
1,491.42
0.00
0.00
0.00
0.00
105,800.00
107,291.42
0.00
14,804.57
5,374.00
212,500.00
50,000.00
0.00
105,800.00
388,478.57
350.00
35,195.43
(5,374.00)
212,500.00
250,000.00
7,200.00
(30,800.00)
469,071.43
42,428.00
3,531.12
21,053.05
21,374.95
42,428.00
3,531.12
21,053.05
21,374.95
Total 3rd Massena Industrial Bldg
42,428.00
3,531.12
21,053.05
21,374.95
Technology Development Ctr. (CPH Lease Purchase)
2425 · Rental Income - TDC
70,900.00
5,907.54
35,445.24
35,454.76
70,900.00
5,907.54
35,445.24
35,454.76
6495411 · Insurance Expense - TDC
4,389.00
0.00
0.00
4,389.00
Total Expenditure for TDC
4,389.00
0.00
0.00
4,389.00
66,511.00
5,907.54
35,445.24
31,065.76
1st Gouverneur Industrial Building (Kinney's Lease Purchase)
2454· Rental Income - 1GIB
10,983.00
3rd Massena Industrial Bldg (Marimac Lease Purchase)
2465 · Rental Income - 3MIB
Total Revenue for 3MIB
Total Revenue for TDC
Total Technology Development Ctr.
914.05
5,450.23
5,532.77
10,983.00
914.05
5,450.23
5,532.77
10,983.00
914.05
5,450.23
5,532.77
4,000.00
250.00
500.00
0.00
0.00
0.00
1,125.00
0.00
0.00
2,875.00
250.00
500.00
4,750.00
0.00
1,125.00
3,625.00
Total Gouverneur Industrial Park
(4,750.00)
0.00
(1,125.00)
(3,625.00)
Massena Lot 20 Building (OpTech)
2490 · Rental Income - Massena Lot 20
44,131.00
0.00
18,387.80
25,743.20
44,131.00
0.00
18,387.80
25,743.20
6470499 · Miscellaneous Expense - Massena Lot 20
6470500 · Interest Expense - Massena Lot 20
0.00
2,528.00
16.66
213.07
16.66
1,348.51
(16.66)
1,179.49
Total Expenditure for Massena Lot 20
2,528.00
229.73
1,365.17
1,162.83
41,603.00
(229.73)
17,022.63
24,580.37
Total Revenue for 1GIB
Total 1st Gouverneur Industrial Building
Gouverneur Industrial Park
6486408 · Maintenance Expense - GIP
6486411 · Insurance Expense - GIP
6486499 · Miscellaneous Expense - GIP
Total Expenditure for GIP
Total Revenue for Massena Lot 20
Total Massena Lot 20 Bldg
SLCIDA Financials (June 2012) - Page 3
St. Lawrence County Industrial Development Agency
2012
Potsdam Commerce Park
2495 · Rental Income - PCP
6,000.00
500.00
3,500.00
2,500.00
Total Revenue for Potsdam Commerce Park
6,000.00
500.00
3,500.00
2,500.00
6497408 · Maint Expense - PCP
6497411 · Insurance Expense - PCP
6497416 · Utilities Expense - PCP
6497499 · Misc Expense - PCP
1,500.00
3,616.00
1,000.00
500.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,500.00
3,616.00
1,000.00
500.00
Total Expenditure for PCP
6,616.00
0.00
0.00
6,616.00
500.00
3,500.00
(4,116.00)
18,995.00
0.00
6,231.99
12,763.01
18,995.00
0.00
6,231.99
12,763.01
Total Massena Lot 17
18,995.00
0.00
6,231.99
12,763.01
Miscellaneous Projects
2474 - Northern Corridor Transportation Group
Total Potsdam Commerce Park
(616.00)
Massena Lot 17(Media Access)
2475 · Rental Income - Massena Lot 17
Total Revenue for Massena Lot 17
20,000.00
0.00
0.00
20,000.00
Total Revenue for Miscellaneous Projects
20,000.00
0.00
0.00
20,000.00
6420429 · Northern Corridor Transportation Group
6420607 - Railroad Corridor Expense
6420608 - Railroad Corridor Maintenance
6420616 - Canton Ind Park Infra/Eng Svcs Expense
20,000.00
13,000.00
5,000.00
66,500.00
0.00
0.00
0.00
4,857.00
0.00
2,339.86
1,894.74
62,399.00
20,000.00
10,660.14
3,105.26
4,101.00
104,500.00
4,857.00
66,633.60
37,866.40
(84,500.00)
(4,857.00)
(66,633.60)
(17,866.40)
Total Expenditure for Miscellaneous Projects
Total Miscellaneous Projects
CAP Improvement
6475522 - CAP IMP Computer
6475530 - CAP IMP Furnishings
Total Capital Improvement Expenditures
10,000.00
10,000.00
20,000.00
0.00
0.00
0.00
1,085.01
0.00
1,085.01
8,914.99
10,000.00
18,914.99
Other Income
2413 · Project Fees
6499 - Miscellaneous Income
Total Other Income
10,000.00
500.00
10,500.00
0.00
0.00
0.00
2,000.00
0.00
2,000.00
8,000.00
500.00
8,500.00
Pilot & Maintenance Payments
2420 · Pilot Payment Received
66,203.00
437.58
29,436.19
36,766.81
66,203.00
437.58
29,436.19
36,766.81
5,251.00
60,952.00
0.00
0.00
1,750.32
27,248.29
3,500.68
33,703.71
66,203.00
0.00
28,998.61
37,204.39
0.00
437.58
437.58
6490613 · PILOT - Tamarack
6490615 · PILOT - Newton Falls
Total Pilot & Maintenance Payments
SLCIDA Financials (June 2012) - Page 4
(437.58)
St. Lawrence County Industrial Development Agency
2012
IDA General Operating Expenditures
6460408 · Rent & Maintenance Expense
6460411 · Insurance Expense
6460420 · Office Supplies Expense
6460421 · Office Equipment Expense
6460422 · Equipment Repair Expense
6460423 · Telephone Expense
6460424 · Postage Expense
6460425 · Printing & Copying Expense
6460426 · Data Processing Expense
6460427 · Professional Associations Expense
6460432 · Other Legal Expense
6460433 · Legal Expense
6460434 · Accounting Expense
6460436 · Promotion/Marketing Expense
6460440 · Auto Expense
6460442 · Meeting Expense
6460443 · Mileage Expense
6460444 · Education Workshops Expense
6460445 · Other Travel Expense
6460499 · Miscellaneous Expense
6460501 - Interest Expense
6460502 · Outside Contracted Services
6460503 - Payroll Expenses
503A - Salaries & Wages
503B - Employee Benefits
503C - Post Employment Benefits Expense
503D - Payroll Tax Expense
503E - Payroll Processing Fees
Total IDA General Operating Expenditures
Total Operating Revenue
Total Operating Expenditures
Net Ordinary Income
Total Other Income
Net Income
Total Revenue
Total Expenditures
Net Income
83,935.00
19,446.00
10,000.00
10,000.00
3,000.00
8,800.00
4,000.00
5,000.00
7,037.00
2,500.00
25,000.00
15,000.00
7,500.00
30,000.00
10,000.00
5,000.00
2,000.00
5,000.00
15,000.00
3,000.00
0.00
5,000.00
6,994.58
0.00
431.86
0.00
0.00
165.08
160.07
0.00
0.00
26.25
9,599.81
0.00
0.00
0.00
1,501.10
89.81
51.62
(310.00)
1,298.38
0.00
959.59
0.00
41,967.48
1,373.00
1,535.53
0.00
0.00
1,753.98
690.12
24.00
0.00
1,400.25
18,341.46
7,500.00
6,500.00
3,570.98
5,019.93
687.78
866.14
860.00
5,646.92
19.50
5,895.57
0.00
427,492.00
138,735.00
69,213.00
44,500.00
3,250.00
959,408.00
45,013.71
(210.45)
0.00
3,417.06
265.49
69,453.96
207,975.43
102,782.33
0.00
15,795.36
1,273.87
431,479.63
41,967.52
18,073.00
8,464.47
10,000.00
3,000.00
7,046.02
3,309.88
4,976.00
7,037.00
1,099.75
6,658.54
7,500.00
1,000.00
26,429.02
4,980.07
4,312.22
1,133.86
4,140.00
9,353.08
2,980.50
(5,895.57)
5,000.00
0.00
219,516.57
35,952.67
69,213.00
28,704.64
1,976.13
527,928.37
409,423.11
432,564.64
(23,141.53)
2,000.00
(21,141.53)
509,983.07
530,687.02
(20,703.95)
538,780.89
546,843.36
(8,062.47)
8,500.00
437.53
637,706.93
637,706.98
(0.05)
948,204.00
979,408.00
(31,204.00)
10,500.00
(20,704.00)
1,147,690.00
1,168,394.00
(20,704.00)
113,057.40
69,453.96
43,603.44
0.00
43,603.44
118,581.71
74,540.69
44,041.02
SLCIDA Financials (June 2012) - Page 5
St. Lawrence County Industrial Development Agency
Cash and In Time Report
June 2012
Type of Account
Bank
Interest Rate
Amount
Rental Deposits
Checking
Payroll Account
Money Market
Savings
Certificate of Deposit
Bank of America
NBT Bank
NBT Bank
Key Bank
NBT Bank
Upstate Bank
0.00%
0.02%
0.02%
0.25%
0.25%
0.30%
$
13,782.82
$
130,530.76
$
22,680.86
$ 2,120,781.25
$ 2,543,218.80
$
500,000.00
$ 5,330,994.49
SLCIDA Financials (June 2012) - Page 6
St. Lawrence County IDALDC
Consolidated Balance Sheet
January through June 2012
General Fund
Loan Fund
GMEDF
RVRA
TOTAL
ASSETS
Current Assets
Checking/Savings
200 · Cash - General Fund
200A · Cash-General Fund-NCSBCheck
200B · Cash-General Fund-Key
200P · Cash - General Fund - Payroll
41,716.89
0.00
0.00
0.00
41,716.89
279,251.56
0.00
0.00
0.00
279,251.56
7,257.57
0.00
0.00
0.00
7,257.57
328,226.02
0.00
0.00
0.00
328,226.02
201A · Cash-RLF-HSBC
0.00
358,056.60
0.00
0.00
358,056.60
201B · Cash-RLF-NCSB
0.00
259,851.76
0.00
0.00
259,851.76
201C · Cash-RLF-Comm Bank
0.00
97,834.05
0.00
0.00
97,834.05
201D · Cash-RLF-Key Bank
0.00
252,999.20
0.00
0.00
252,999.20
201E · Cash-RLF-NCSB Savings
0.00
6,335.20
0.00
0.00
6,335.20
0.00
975,076.81
0.00
0.00
975,076.81
202A · Cash-RVRA-NBT Cking
0.00
0.00
0.00
29,965.00
29,965.00
202B · Cash-RVRA-NBT MM
0.00
0.00
0.00
1.00
1.00
202C · Cash - RVRA - Key
0.00
0.00
0.00
5,518,877.15
5,518,877.15
202D · Cash-RVRA-HSBC
0.00
0.00
0.00
7,324,016.27
7,324,016.27
0.00
0.00
0.00
12,872,859.42
12,872,859.42
Total 200 · Cash - General Fund
201 · Cash -Revolving Loan Fund
Total 201 · Cash -Revolving Loan Fund
202 · Cash - RVRA
Total 202 · Cash - RVRA
203 · Cash - GMEDF
0.00
0.00
1,081,898.83
0.00
1,081,898.83
Total 203 · Cash - GMEDF
203A · Cash-GMEDF-NBT
0.00
0.00
1,081,898.83
0.00
1,081,898.83
209 · Rental Security Deposits
0.00
0.00
0.00
34,000.00
34,000.00
328,226.02
975,076.81
1,081,898.83
12,906,859.42
15,292,061.08
328,226.02
975,076.81
1,081,898.83
12,906,859.42
15,292,061.08
101A · Massena Lot 19 - Building
0.00
0.00
0.00
340,200.00
340,200.00
101B · Massena Lot 19 - Depreciation
0.00
0.00
0.00
-1,134.00
-1,134.00
0.00
0.00
0.00
339,066.00
339,066.00
100A · Massena Lot 18 - Building
0.00
0.00
0.00
359,800.00
359,800.00
100B · Massena Lot 18 - Depreciation
0.00
0.00
0.00
-1,199.33
-1,199.33
0.00
0.00
0.00
358,600.67
358,600.67
117A · 4MIB-LDC-Building
0.00
594,233.38
0.00
0.00
594,233.38
117B · 4MIB-LDC-Improvements
0.00
149,290.09
0.00
0.00
149,290.09
Total 117 · 4MIB-LDC
0.00
743,523.47
0.00
0.00
743,523.47
118 · Land-Lot13-LDC MIP
0.00
30,000.00
0.00
0.00
30,000.00
199 · Accumulated Depreciation
0.00
-163,248.34
0.00
0.00
-163,248.34
0.00
610,275.13
0.00
697,666.67
1,307,941.80
0.00
0.00
0.00
0.00
0.00
410 · MR-Curran-GMEDF
0.00
0.00
162,236.26
0.00
162,236.26
411 · MR-Galilee Farms-GMEDF
0.00
0.00
62,717.21
0.00
62,717.21
412 · MR-GM Vendor-GMEDF
0.00
0.00
337,896.33
0.00
337,896.33
0.00
0.00
562,849.80
0.00
562,849.80
Total Checking/Savings
Total Current Assets
Fixed Assets
101 · Massena Lot 19
Total 101 · Massena Lot 19
100 · Massena Lot 18
Total 100 · Massena Lot 18
117 · 4MIB-LDC
Total Fixed Assets
Other Assets
215 · Due from SLRVRA
Mortgage Receivable GMEDF
Total Mortgage Receivable GMEDF
SLCIDA-LDC Financials (June 2012) - Page 7
St. Lawrence County IDALDC
Consolidated Balance Sheet
January through June 2012
General Fund
Loan Fund
GMEDF
RVRA
TOTAL
Note Rec. (RevolvingLoanFund)
488 · N/R - Gilbert Green Co Club-RLF
0.00
50,000.00
0.00
0.00
50,000.00
459 · NR-ATL Tamarack-RLF
0.00
19,145.10
0.00
0.00
19,145.10
463 · NR-Ansen Corp-RLF
0.00
40,046.42
0.00
0.00
40,046.42
466 · NR-Hacketts-RLF
0.00
95,320.49
0.00
0.00
95,320.49
467 · NR-SL Food-RLF
0.00
0.00
0.00
0.00
0.00
469 · NR-Woodruff-RLF
0.00
0.00
0.00
0.00
0.00
470 · NR-SLCIDA Lot 20-RLF
0.00
83,348.47
0.00
0.00
83,348.47
471 · NR-Glazier-RLF
0.00
55,668.86
0.00
0.00
55,668.86
472 · NR-Four-C-Aire-RLF
0.00
0.00
0.00
0.00
0.00
473 · NR-Newton Falls-RLF
0.00
0.00
0.00
0.00
0.00
474 · NR-Newton Falls #2-RLF
0.00
0.00
0.00
0.00
0.00
477 · NR-DE Kerr-RLF
0.00
37,963.89
0.00
0.00
37,963.89
478 · NR-Potsdam Mineral-RLF
0.00
5,156.17
0.00
0.00
5,156.17
479 · NR-Atlantic Testing-RLF
0.00
120,240.72
0.00
0.00
120,240.72
480 · NR-Curran-RLF
0.00
345,738.44
0.00
0.00
345,738.44
481 · NR-Potsdam Specialty-RLF
0.00
66,677.71
0.00
0.00
66,677.71
482 · NR-No Law Dairy-RLF
0.00
0.00
0.00
0.00
0.00
483 · NR-SLIC-RLF
0.00
89,585.04
0.00
0.00
89,585.04
484 · NR - Ansen 2011-RLF
0.00
76,910.85
0.00
0.00
76,910.85
485 · NR - North Country Dairy -RLF
0.00
362,307.54
0.00
0.00
362,307.54
Total Note Rec. (RevolvingLoanFund)
0.00
1,448,109.70
0.00
0.00
1,448,109.70
485R · NR - North Country Dairy-RVRA
0.00
0.00
0.00
362,307.55
362,307.55
486 · NR - SLIC -RVRA
0.00
0.00
0.00
825,000.00
825,000.00
4
0.00
0.00
0.00
144,267.13
144,267.13
0.00
0.00
0.00
1,331,574.68
1,331,574.68
434 · NR - Structural Wood - GMEDF
0.00
0.00
145,370.23
0.00
145,370.23
420 · NR-North Racq Greenery-GMEDF
0.00
0.00
43,492.80
0.00
43,492.80
421 · NR-Atlantic Testing-GMEDF
0.00
0.00
119,420.10
0.00
119,420.10
422 · NR-Four-C-Aire-GMEDF
0.00
0.00
0.00
0.00
0.00
423 · NR-Hoosier-GMEDF
0.00
0.00
159,808.95
0.00
159,808.95
424 · NR-Media Access-GMEDF
0.00
0.00
120,826.89
0.00
120,826.89
425 · NR-Newton Falls-GMEDF
0.00
0.00
0.00
0.00
0.00
426 · NR-No Law Dairy-GMEDF
0.00
0.00
0.00
0.00
0.00
427 · NR-Potsdam Spec Paper-GMEDF
0.00
0.00
66,677.71
0.00
66,677.71
428 · NR-St Law Foods-GMEDF
0.00
0.00
131,262.89
0.00
131,262.89
429 · NR-StLaw Lumber-GMEDF
0.00
0.00
46,805.87
0.00
46,805.87
430 · NR-TBase Communications-GMEDF
0.00
0.00
0.00
0.00
0.00
431 · NR-Youngs Bros-GMEDF
0.00
0.00
61,868.95
0.00
61,868.95
432 · NR - Clifton Fine GMEDF
0.00
0.00
141,729.62
0.00
141,729.62
433 · NR - Ansen 2011-GMEDF
0.00
0.00
72,763.60
0.00
72,763.60
Total Notes Receivable GMEDF
0.00
0.00
1,110,027.61
0.00
1,110,027.61
210 · Accrued Interest Receivable
0.00
13,947.55
21,840.43
2,941.95
38,729.93
211 · Prepaid Expenses
0.00
0.00
0.00
0.00
0.00
0.00
328,226.02
1,462,057.25
3,047,409.19
1,694,717.84
2,776,616.67
1,334,516.63
14,939,042.72
4,491,291.72
21,091,294.60
Note Receivable - RVRA
Total Note Receivable - RVRA
Notes Receivable GMEDF
Total Other Assets
TOTAL ASSETS
LIABILITIES & EQUITY
Liabilities
SLCIDA-LDC Financials (June 2012) - Page 8
St. Lawrence County IDALDC
Consolidated Balance Sheet
January through June 2012
General Fund
Loan Fund
GMEDF
RVRA
TOTAL
Current Liabilities
Other Current Liabilities
2100 · Rental Deposits
0.00
0.00
0.00
34,000.00
34,000.00
2101 · Rental Deposit
0.00
0.00
0.00
0.00
0.00
523 · Accrued Expenses Payable
0.00
0.00
0.00
0.00
0.00
530 · Payroll Tax Liability
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
34,000.00
34,000.00
0.00
0.00
0.00
34,000.00
34,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
34,000.00
34,000.00
Total Other Current Liabilities
Total Current Liabilities
Long Term Liabilities
524 · Due to SLCIDA
Total Long Term Liabilities
Total Liabilities
0.00
Equity
30000 · Opening Balance Equity
0.00
0.00
0.00
0.00
0.00
32000 · Unrestricted Net Assets
-34,408.61
-102,788.33
55,204.62
-424,954.61
-506,946.93
3800 · Net Assets-Unrestricted
156,112.16
-26,109.09
0.00
0.00
130,003.07
0.00
3,145,265.86
2,696,625.18
15,791,062.59
21,632,953.63
3900 · Net Assets - Temp Restricted
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
217,635.63
19,927.59
24,786.87
-461,065.26
-198,715.17
339,339.18
339,339.18
3,036,296.03
3,036,296.03
2,776,616.67
2,776,616.67
14,905,042.72
14,939,042.72
21,057,294.60
21,091,294.60
SLCIDA-LDC Financials (June 2012) - Page 9
St. Lawrence County IDALDC
Consolidated Budget Report
Budget vs. Actual
Income
Budget
General Fund GMEDF
June 2012 June 2012
Loan Fund
June 2012
RVRA
June 2012
Combined
June 2012
YTD
Balance
42.86
94,338.21
457.14
155,661.79
OPERATING REVENUE
2400 · Late Fees Received
2409 · Interest Income
2410 · GMEDF Administrative Fees
2412 · RVRA Administrative Revenue
2414 ·Miscellaneous Income
2415 · Power Contract Revenue
Total OPERATING REVENUE
4TH MASSENA INDUSTRIAL BUILDING
2421 · Rental Income-4MIB
Total Revenue for 4MIB
500.00
250,000.00
0.00
0.00
0.00
2,824.77
0.00
2,578.87
0.00
6,027.37
0.00
11,431.01
7,200.00
0.00
0.00
0.00
0.00
0.00
0.00
7,200.00
300,000.00
0.00
0.00
0.00
0.00
0.00
150,000.00
150,000.00
3,000.00
0.00
0.00
0.00
0.00
0.00
3,764.01
870,950.00
0.00
0.00
0.00
0.00
0.00
0.00
870,950.00
(764.01)
1,431,650.00
0.00
2,824.77
2,578.87
6,027.37
11,431.01
248,145.08
1,183,504.92
54,000.00
0.00
0.00
0.00
0.00
0.00
22,500.00
31,500.00
54,000.00
0.00
0.00
0.00
0.00
0.00
22,500.00
31,500.00
6485499 · 4MIB - Miscellaneous Expense
250.00
0.00
0.00
0.00
0.00
0.00
0.00
250.00
Total Expenditures for 4MIB
250.00
0.00
0.00
0.00
0.00
0.00
0.00
250.00
53,750.00
0.00
0.00
0.00
0.00
0.00
22,500.00
31,250.00
102,000.00
0.00
0.00
0.00
(1,000.00)
(1,000.00)
28,600.00
73,400.00
102,000.00
0.00
0.00
0.00
(1,000.00)
(1,000.00)
28,600.00
73,400.00
Total 4TH MASSENA INDUSTRIAL BUILDING
MASSENA INDUSTRIAL BUILDING LOT18
2422 - MIB Lot 18 Rent
Total Revenue for MIB18
6486408 · MIB18 - Maintenance Expense
2,000.00
0.00
0.00
0.00
0.00
0.00
0.00
2,000.00
6486411 · MIB18 - Insurance Expense
3,850.00
0.00
0.00
0.00
0.00
0.00
0.00
3,850.00
6486415 · MIB18 - Cleanup-Repair Expense
2,000.00
0.00
0.00
0.00
0.00
0.00
0.00
2,000.00
11,000.00
0.00
0.00
0.00
0.00
0.00
5,273.39
5,726.61
2,000.00
0.00
0.00
0.00
16.67
16.67
16.67
1,983.33
20,850.00
0.00
0.00
0.00
16.67
16.67
5,290.06
15,559.94
Total MASSENA INDUSTRIAL BUILDING LOT18
81,150.00
0.00
0.00
0.00
(1,016.67)
(1,016.67)
23,309.94
57,840.06
MASSENA INDUSTRIAL BUILDING LOT19
2422 - MIB Lot 19 Rent
10,000.00
0.00
0.00
0.00
2,625.00
2,625.00
5,250.00
4,750.00
10,000.00
0.00
0.00
0.00
2,625.00
2,625.00
5,250.00
4,750.00
6487408 · MIB19 - Maintenance Expense
2,000.00
0.00
0.00
0.00
0.00
0.00
140.00
1,860.00
6487411 · MIB19 - Insurance Expense
3,850.00
0.00
0.00
0.00
0.00
0.00
0.00
3,850.00
6487415 · MIB19 - Cleanup-Repair Expense
2,000.00
0.00
0.00
0.00
0.00
0.00
0.00
2,000.00
6486450 · MIB18 - Property Tax Expense
6486499 · MIB18 - Miscellaneous Expense
Total Expenditures for MIB18
Total Revenue for MIB19
6487416 · MIB19 - Utility Expense
6,000.00
0.00
0.00
0.00
13.00
13.00
92.30
5,907.70
6487436 · MIB19 - Marketing Expense
10,000.00
0.00
0.00
0.00
0.00
0.00
0.00
10,000.00
6487450 · MIB19 - Property Tax Expense
11,000.00
0.00
0.00
0.00
11,756.40
11,756.40
17,142.67
2,500.00
0.00
0.00
0.00
16.67
16.67
16.67
2,483.33
37,350.00
0.00
0.00
0.00
11,786.07
11,786.07
17,391.64
19,958.36
(27,350.00)
0.00
0.00
0.00
(9,161.07)
(9,161.07)
(12,141.64)
(15,208.36)
6487499 · MIB19 - Miscellaneous Expense
Total Expenditures for MIB19
Total MASSENA INDUSTRIAL BUILDING LOT19
(6,142.67)
MISCELLANEOUS PROJECTS
2426 · Training Reimbursement Revenue
0.00
0.00
0.00
0.00
0.00
0.00
167,204.00
(167,204.00)
Total Revenue for Misc Projects
0.00
0.00
0.00
0.00
0.00
0.00
167,204.00
(167,204.00)
6420430 · Training Reimb Expense
0.00
12,952.44
0.00
0.00
0.00
12,952.44
12,952.44
(12,952.44)
Total Expenses for Misc Projects
0.00
12,952.44
0.00
0.00
0.00
12,952.44
12,952.44
(12,952.44)
Total MISCELLANEOUS PROJECTS
0.00
(12,952.44)
0.00
0.00
0.00
(12,952.44)
154,251.56
(154,251.56)
SLCIDA-LDC Financials (June 2012) - Page 10
St. Lawrence County IDALDC
Consolidated Budget Report
Budget vs. Actual
Expense
Budget
General Fund GMEDF
June 2012 June 2012
Loan Fund
June 2012
RVRA
June 2012
Combined
June 2012
YTD
Balance
GENERAL OPERATING EXPENSES
6460411 · Director's & Officer's Insurance
5,000.00
0.00
0.00
0.00
0.00
0.00
0.00
5,000.00
6460418 · Underwriting / Credit Reports
4,500.00
0.00
0.00
0.00
0.00
0.00
330.00
4,170.00
6460420 · Office Supplies Expense
250.00
0.00
0.00
0.00
0.00
0.00
0.00
250.00
6460427 · Memberships & Dues Expense
400.00
0.00
0.00
0.00
0.00
0.00
175.00
225.00
6460429 · Contractual Expenses - Other
20,000.00
0.00
0.00
0.00
0.00
0.00
0.00
20,000.00
6460430 · Contractual Expenses to MED
54,000.00
0.00
0.00
0.00
0.00
0.00
27,000.00
27,000.00
6460431 · Contractual Expenses to IDA
300,000.00
0.00
0.00
0.00
0.00
0.00
0.00
300,000.00
6460432 · Other Legal Expense
30,000.00
0.00
0.00
0.00
0.00
0.00
8,525.20
21,474.80
6460434 · Accounting Expense - General
10,400.00
0.00
0.00
0.00
0.00
0.00
13,225.00
(2,825.00)
7,200.00
0.00
0.00
0.00
0.00
0.00
0.00
7,200.00
100,000.00
0.00
0.00
14,597.12
0.00
14,597.12
31,698.56
68,301.44
6460435 ·Administrative Fee GMEDF
6460436 · Advertising Marketing Expense
6460442 · Meeting Expense
1,000.00
0.00
0.00
89.83
0.00
89.83
349.58
650.42
6460443 · Mileage Expense
200.00
0.00
0.00
235.62
0.00
235.62
971.49
(771.49)
6460445 ·Other Travel Expense
6460450 · Community Devel. & Improve Projects
6460499 · Miscellaneous Expense
4,000.00
0.00
0.00
0.00
0.00
0.00
0.00
4,000.00
622,000.00
0.00
0.00
0.00
0.00
0.00
173,465.00
448,535.00
3,100.00
0.00
0.00
0.00
50.94
50.94
509.70
2,590.30
9,250.00
5,884.62
0.00
0.00
0.00
5,884.62
25,003.74
0.00
0.00
0.00
0.00
0.00
0.00
6460503 · Payroll Expenses
503A - Salaries & Wages
503B - Employee Benefits
500.00
503D - Payroll Tax Expenses
503E- Payroll Processing Fees
6460550 · RVRA Partnership Expense
Total GENERAL OPERATING EXPENSES
(3.60)
1,200.00
548.82
1,000.00
206.80
548.82
(45.40)
2,582.44
(15,753.74)
545.40
(1,382.44)
0.00
0.00
0.00
206.80
989.80
0.00
0.00
150,000.00
150,000.00
350,000.00
(50,000.00)
6,636.64
0.00
14,922.57
150,050.94
171,610.15
634,780.11
839,219.89
300,000.00
1,474,000.00
(3.60)
Total Income
1,539,200.00
0.00
2,824.77
2,578.87
1,253.27
436,064.94
1,103,135.06
Total Expenses
1,474,000.00
19,589.08
0.00
14,922.57
150,050.94
184,562.59
634,780.11
839,219.89
Net Income
65,200.00
(12,343.70)
(154,201.31)
(183,309.32)
(198,715.17)
263,915.17
(19,589.08)
2,824.77
SLCIDA-LDC Financials (June 2012) - Page 11
(4,150.37)
10.20
St. Lawrence County Industrial Development Agency
Local Development Corporation
Cash and In Time Report
June 2012
Bank
NCSB
Key Bank
NCSB
NBT
NCSB
Community Bank
HSBC
Key Bank
NCSB
NBT
HSBC
Key Bank
NBT
NBT
Fund
General
General
General
GMEDF
Loan Fund
Loan Fund
Loan Fund
Loan Fund
Loan Fund
RVRA
RVRA
RVRA
RVRA
RVRA
Account Type
Checking
Money Market
Payroll
Checking
Checking
Money Market
Money Market
Money Market
Savings
Checking
Money Market
Money Market
Money Market
Tenant Security
Restricted /
Unrestricted
Interest Rate
Unrestricted
Unrestricted
Unrestricted
Restricted
Restricted
Restricted
Restricted
Restricted
Unrestricted
Restricted
Restricted
Restricted
Restricted
Restricted
SLCIDA-LDC Financials (June 2012) - Page 12
0.35%
0.15%
0.00%
0.20%
0.35%
0.25%
0.15%
0.15%
0.07%
0.05%
0.33%
0.15%
0.05%
0.20%
Amount
$
$
$
$
$
$
$
$
$
$
$
$
$
$
41,716.89
279,251.56
7,257.57
1,081,898.83
259,851.76
97,834.05
358,056.60
252,999.20
6,335.20
29,965.00
7,324,016.27
5,518,877.15
1.00
34,000.00
$
15,292,061.08
St. Lawrence County IDA Civic Development Corp.
Balance Sheet
As of June 30, 2012
Jun 30, 12
ASSETS
Current Assets
Checking/Savings
Checking Account
NBT Checking - Unrestricted
198,962.26
NBT-Restricted-Civic Dev Fund
Total Checking Account
Total Checking/Savings
-90,445.62
108,516.64
108,516.64
Other Current Assets
Due from Affiliates
95,000.00
Total Other Current Assets
95,000.00
Total Current Assets
203,516.64
Other Assets
N/R - OBPA 2012
87,000.00
Total Other Assets
TOTAL ASSETS
87,000.00
290,516.64
LIABILITIES & EQUITY
Equity
Restricted
59,814.38
Unrestricted - Board Designated
128,441.66
Net Income
102,260.60
Total Equity
TOTAL LIABILITIES & EQUITY
290,516.64
290,516.64
SLCIDA-CDC Financials (June 2012) - Page 13
St. Lawrence County IDA
Civic Development Corporation
Income
OPERATING REVENUE- Other
2409 · Interest Income
2410 · Project/Bond Fees
2012 Budget
10,000.00
150,000.00
160,000.00
Expenditures
6460433 · Directors & Officers Insurance
6460433 · Legal Expense
6460434 · Accounting Expense
6460450 · Project Development Expense
6460499 · Miscellaneous Expense
Total IDA CDC Operating Expenditures
0.00
10,000.00
3,500.00
75,000.00
1,000.00
89,500.00
Total Revenue $ 160,000.00
Total Expenditures $ 89,500.00
Net Income $ 70,500.00
June-12
13.97
(105,800.00)
(105,786.03)
0.00
0.00
0.00
0.00
35.70
35.70
YTD
56.02
105,800.00
105,856.02
9,943.98
44,200.00
54,143.98
0.00
0.00
3,300.00
0.00
295.42
3,595.42
0.00
10,000.00
200.00
75,000.00
704.58
85,904.58
(105,786.03) $ 105,856.02
35.70 $
3,595.42
(105,821.73) $ 102,260.60
SLCIDA-CDC Financials (June 2012) - Page 14
Balance
54,143.98
85,904.58
(31,760.60)
St. Lawrence County Local Development Corporation
Balance Sheet
As of June 30, 2012
Jun 30, 12
ASSETS
Current Assets
Checking/Savings
Cash - Loan Repayments
Total Checking/Savings
Other Current Assets
Accrued Interest Receivable
Grants Receivable
Grant - House of Photography
Grant - Bountiful Harvest
Grant - Ablans
Grant - Harvest House
Grant - Honey Dew Acres
Grant - Main Grind Coffee
Grant - New Horizons Wireless
Grant - Legal Costs
Grant - River Run Fitness
Grant - Tony's Canvas
Grant - Wanakena
Grants Receivable - Other
Total Grants Receivable
Total Other Current Assets
Total Current Assets
Other Assets
Loans Receivable
Gordons Frame to Finish
Adirondack Battery
AKJ Marine
Bedrock Cafe
Chip's Place
Chuck's Pet Center
Custom Rustix
Felician House
The Hair Studio
Hallelujah House
Hebel Welding
Honey Dew Acres
J&J Lawn Services 2009
Lucas Motorsports 3
Lucas Motorsports 4
Main Grind Coffeehouse
Maple Run Emporiums, Inc
New Horizons Wireless, Inc.
Potsdam Taxi
River Lane Campground
River Run Fitness
Sharrow's Home Repair
Splendid Spaces
St. Lawrence Valley Roasters
Jun 30, 11
92,774.39
92,774.39
79,279.37
79,279.37
694.72
0.00
17,640.00
19,417.00
15,750.00
22,050.00
19,845.00
17,328.00
35,000.00
9,157.00
19,953.00
13,860.00
10,000.00
-200,000.00
0.00
694.72
93,469.11
15,863.81
15,492.87
15,750.00
22,050.00
18,734.91
16,497.59
33,323.58
5,965.22
10,780.89
13,860.00
10,000.00
-166,227.75
12,091.12
12,091.12
91,370.49
20,000.00
19,348.03
11,873.09
0.00
5,797.57
12,808.35
0.00
7,479.50
3,271.62
0.00
8,436.16
17,787.01
0.00
881.38
2,187.21
8,281.69
16,695.75
16,772.83
7,320.83
13,807.35
5,589.01
3,905.58
6,304.94
16,625.30
0.00
0.00
12,323.31
2,487.05
8,781.19
12,808.35
2,615.02
8,485.82
7,104.50
7,656.75
10,359.01
19,574.08
12,153.56
2,587.00
3,248.06
9,900.00
20,000.00
20,000.00
10,484.85
17,500.49
8,000.00
6,303.27
7,702.99
10,105.02
SLCLDC Financials (June 2012) - Page 15
St. Lawrence County Local Development Corporation
Balance Sheet
As of June 30, 2012
Jun 30, 12
Jun 30, 11
Sugar Shack Bakery & Cafe
Tony's Canvas & Leather
Unique Boutique
Valley Greenery
Total Loans Receivable
Total Other Assets
TOTAL ASSETS
14,568.02
4,125.31
7,677.72
12,847.98
244,392.23
244,392.23
337,861.34
0.00
4,968.70
0.00
15,469.39
240,618.41
240,618.41
331,988.90
LIABILITIES & EQUITY
Equity
Net Assets - Unrestricted
Net Assets - Temp Restricted
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
110.00
348,458.24
-10,706.90
337,861.34
337,861.34
110.00
362,517.50
-30,638.60
331,988.90
331,988.90
SLCLDC Financials (June 2012) - Page 16
St. Lawrence County Local Development Corporation
Profit / Loss Budget Report
Income
Late Payment Fees Recd
Interest Income
Miscellaneous Income
Total Income
Expense
Accounting Expenses
Bank Fees
Grant Issuance Expense
Legal Fees
Marketing Expense
Meeting Expense
Office Supplies
Postage Expense
Service Agreement Expense
Travel Expense
Total Expense
Net Income
Budget 2012
June 2012
750.00
10,000.00
400.00
11,150.00
60.00
343.18
0.00
403.18
270.00
3,438.46
0.00
3,708.46
480.00
6,561.54
400.00
7,441.54
3,100.00
100.00
0.00
2,500.00
2,700.00
1,000.00
500.00
250.00
0.00
1,000.00
11,150.00
0.00
0.00
0.00
0.00
10.00
0.00
0.00
0.00
20.10
0.00
0.00
30.10
373.08
3,300.00
81.00
5,206.95
1,292.60
0.00
0.00
0.00
145.10
4,389.71
0.00
14,415.36
(10,706.90)
(200.00)
19.00
(5,206.95)
1,207.40
2,700.00
1,000.00
500.00
104.90
(4,389.71)
1,000.00
(3,265.36)
10,706.90
SLCLDC Financials (June 2012) - Page 17
YTD
Balance