ST. LAWRENCE COUNTY
INDUSTRIAL DEVELOPMENT AGENCY
Ernest J. LaBaff Industrial Building ~ 19 Commerce Lane, Suite 1 ~ Canton, New York 13617
Phone: (315) 379-9806 / TDD: 711 ~ Fax: (315) 386-2573 ~ www.SLCIDA.com
MEMBERSHIP
MEMORANDUM
CHAIRMAN
Brian W. Staples
Brian Staples, CPA

VICE CHAIRMAN
Ernest LaBaff
TO:
Donald Peck
IDA Representative to the County Legislature
FROM:
Patrick J. Kelly
Chief Executive Officer
DATE:
August 18, 2014
RE:
Reports to the Legislature
President Emeritus,
Aluminum Brick & Glass
Workers International Union

SECRETARY
Lynn Blevins
Blevins Brothers, Inc.

Mark C. Hall
Pursuant to our Economic Development Services Agreement, attached please find the
following:
Town of Fine, New York



Andrew McMahon
Semi-Annual Mission and Performance Review (January 2014 – June 2014)
Unaudited Financial Statements for the Period Ending June 2014.
Massena Electric Department

Please contact me if you have any questions.
Donald Peck
St. Lawrence County
Board of Legislators

CC:
St. Lawrence County Legislators
St. Lawrence County Administrator
R. Joseph Weekes, Jr.
Weekes Agency

CHIEF EXECUTIVE
OFFICER
Patrick J. Kelly
St. Lawrence County
Industrial Development Agency

CHIEF FINANCIAL
OFFICER
Thomas A. Plastino
St. Lawrence County
Industrial Development Agency
We are an equal opportunity provider and employer. To file a complaint of discrimination, write:
USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington DC 20250-9410, or call 800-795-3272 (voice) or 202-720-6382 (TDD)
St. Lawrence County Industrial Development Agency
Mission Statement
(Reviewed and Reaffirmed in Public Session on February 27, 2014)
The mission of the St. Lawrence County Industrial Development Agency is to promote, encourage,
attract and develop job opportunities and economically sound commerce and industry in St. Lawrence
County. To accomplish its mission, the IDA constructs and owns industrial sites and buildings,
administers loan packaging and industrial revenue bond financing and provides a variety of taxreduction incentives.
Performance Goals

To create new employment opportunities for St. Lawrence County citizens through the attraction of
or the creation of new businesses

To create new employment opportunities for St. Lawrence County citizens through the expansion of
existing businesses

To retain existing employment opportunities

To leverage the greatest level of private investment in St. Lawrence County businesses

To educate County businesses, elected officials and community representatives regarding available
economic development resources

Act as a liaison with businesses and government to help coordinate economic development services
and reduce bureaucracy

Work cooperatively with area economic development agencies to market County assets and
economic development resources to potential new or expanding businesses

Ensure a transparent and accountable operation with responsibly-managed Agency assets
2014 Performance Review (January 2014 – June 2014)

As part of our Public Authority Law compliance program, we conduct annual reviews of our policies
regarding Property Disposition, and Investment of Funds, and Procurement. Recognizing the
responsibility for balancing the provision of public benefits to companies for job creation/retention
purposes with the prudent and responsible use of taxpayer monies, SLCIDA has created a policy to
formally identify criteria which will assist in evaluating project performance and determine the
appropriateness of recapturing, limiting or terminating a contract with a recipient of IDA benefits.
Performance documents for 2013 were also reviewed.

Through our ongoing retention and outreach efforts, staff have made nearly 800 contacts with
approximately 340 existing and prospective firms and organizations through June 2014. This includes
site visits to business customer locations as part of our annual reporting process to New York State and
projects generated through our partnership and sponsorship activities as a member of the North Country
Alliance.
Page 1

2013 Independent Audit reports were approved by SLCIDA in March of 2014. Legislators have been
provided the reports electronically. In addition, the reports are available on our website at
www.SLCIDA.com.

A PILOT reopener clause enabled the St. Lawrence Gas Company to include additional properties as
part of the buildouts portion of its Gasline Expansion Project to Franklin County. Additionally, and in
connection with project cost increases, the Company had requested provision by the SLCIDA of
additional financial assistance in the form of additional sales and use tax exemptions.

DeFelsko Corporation and Beamko LP applied to SLCIDA for financial assistance in the form of Sales
and Use Tax Exemptions and a PILOT relative to the companies’ expansion project in Ogdensburg. The
project is expected to create at least 15 new jobs over the next three (3) years.

Corning Property Management Corporation applied to SLCIDA for financial assistance in the form of
Sales and Use Tax Exemptions and a PILOT relative to its expansion project at its plant in the Town of
DeKalb. This project is expected to create 40 new jobs over the next three years. Additionally, this
project will assist Corning in strengthening its Canton plant operation as well as Corning’s significant
presence in New York State. The project will enable Corning to secure a long-term contract for work
at the Canton facility, providing additional stability and security for the local plant.

Additional Sales and Use Tax Exemption benefits were authorized to ACCO for its Ogdensburg project.
ACCO originally estimated creation of 30 jobs, but has reported a job creation of 63 full time jobs at its
combined Distribution and Manufacturing facility in Ogdensburg.

An extension of financial assistance is being provided to Slic Network Solutions as the Company
continues to move ahead with its broadband expansion project. The SLCIDA’s Local Development
Corporation has provided the Company with a $300,000 Revolving Bridge Loan to support the
broadband buildout project being funded by the Rural Utility Services grant/loan package.

Riverside Iron, LLC received loan financing from SLCIDA and the Town of Gouverneur to help finance
its acquisition and operation of the former Riverside Ironworks and return it to full production. The
project is expected to create 12 new jobs over the next three years.

BlastBoss, Inc. received approval for loan financing to set up a glass packaging and distribution facility
in Ogdensburg. The project is expected to retain 2 jobs and create 4 new jobs over the next three years.

Proline-Striping received microenterprise fund loan financing in the amount of $20,000 to assist with
the purchase of equipment and general startup costs to support the Depeyster-based business. The
project is expected to create 1 full-time position.

Sharrow’s Home Repair and Renovation received microenterprise fund loan financing in the amount of
$20,000 to assist Star Lake-based company with the purchase of two key pieces of equipment. The
project is expected to create 1 full-time seasonal position.

National Coffee Corporation, a coffee roasting operation, is leasing space in the Potsdam Commerce
Park building. Illusion ATC and Purine Pharma are leasing spaces in the Massena Park’s Lot 19
building.

The SLCIDA continues to provide space within the IDA’s Potsdam Commerce Park building to enable
St. Lawrence County to store pallets of emergency food rations.

SLCIDA is facilitating discussions between the Town of Gouverneur and St. Lawrence Gas Company to
extend natural gas service along Route 11 on the southside of Gouverneur.

SLCIDA formalized its support of proposed legislation to enable certain surplus St. Lawrence
Psychiatric Center properties to be transferred to the City of Ogdensburg for future development.
Page 2

The SLCIDA continues its work on expanding the Canton Industrial Park. SLCIDA received a $470,000
grant award through the 2012 Regional Economic Development Council. Design and engineering
services for the extension of Commerce Lane, along with utilities infrastructure in the Park has been
completed. On June 26, 2014, the SLCIDA authorized a contract in the amount of $544,000 with Acts
II Construction (Gouverneur, New York) to proceed with the expansion work. Infrastructure included in
this project will be potable water, fire hydrant installation, sanitary sewer complete with a necessary
pump station and approximately 780 feet of asphalt road construction. These infrastructure
improvements will define five shovel ready building sites of approximately 3.5 acres each. This work
will be performed in accordance with the SWPPP prepared by Tisdel Associates for the SLCIDA’s
submission to New York State Department of Environmental Conservation.

Since 2007, SLCIDA has partnered with the Fort Drum Regional Liaison Organization, DANC,
Jefferson County LDC and Lewis County Economic Development to undertake a regional marketing
initiative. SLCIDA agreed to extend this commitment through CY2016 and committed $5,000 annually
to the initiative.

Approximately $155,000 of the $171,000 in Tribal Compact funds provided by the County to train new
and incumbent workers and agricultural training under the Economic Enhancement Program has been
expended to date. We continue to work with potential recipients for the remaining funds.

The SLCIDA’s Local Development Corporation authorized funds of up to $5,000 for costs associated
with the creation of a local development corporation for the purpose of the redevelopment and marketing
of the former J&L site.

Phase I of the Newton Falls Rail Rehabilitation project (clearing, and creation of draft construction bid
documents) is expected to be completed by the end of July. An inspection of the bridge will include an
underwater element. The engineer has, so far, identified no major bridge issues. The SLCIDA has
submitted expenses (through January 2014) to New York State for reimbursement through the SLCIDA’s
2011 Regional Economic Development Council award.

SLCIDA staff continue to actively participate in the Regional Economic Development Council process
as evidenced by a co-leadership role in the REDC’s Global North Country Committee, and by
membership roles in the Opportunity Agenda Working Group, the Priority Project Implementation
Committee, the Workforce Committee, the Transportation & Infrastructure Committee, and the Small
Business/Community Development Committee.

SLCIDA staff have completed Consolidated Funding Applications for a number of projects, including
an infrastructure application for the Horton Road property in Massena for eventual use as an industrial
park, and a gas pipeline extension along Route 11 for the Town of Gouverneur. Additionally, a Northern
Border Regional Council application for the Horton Road property was submitted June 30.

The SLCIDA submitted a grant application to the USDA Rural Business Enterprise Program on behalf
of Tri-Town Packing to help fund a feasibility study and transition plan. SLCIDA is working with TriTown to try to assist the Company in resolving its issue with the USDA inspection process.

The SLCIDA held its Annual Meeting on June 26, 2014. Brian W. Staples was reelected Chairman,
Ernest J. LaBaff was reelected Vice-Chairman, and Lynn Blevins was reelected Secretary. Patrick J.
Kelly was reappointed as Chief Executive Officer and Thomas J. Plastino was reappointed Chief
Financial Officer. The law firm of Silver & Collins was retained as Legal Counsel.
Page 3


During a joint RVRDA/SLCIDA-LDC meeting in June, a total of $436,358 in grant funding through the
Community Development and Environmental Improvement Program was awarded for the following
projects:
o
Fort La Presentation was awarded $40,000 in grant funds to assist in the development of a waterfront
park and trail system at the City of Ogdensburg’s historic Lighthouse Point.
o
Massena Arts and Theatre Association was awarded $50,000 in grant funds to be used toward the
purchase and redevelopment of the Old Massena Theatre.
o
Massena Boys and Girls Club was awarded $55,000 in grant funds to assist in the rehabilitation and
redevelopment of the former St. Joseph’s Social Hall to house this community’s new club.
o
Massena High School Robotics Team was awarded $13,558 in grant funds to support students’
development in engineering, physics and advanced math technologies.
o
Maxam, NA, Inc. was awarded $78,000 in grant funds to be used toward the construction of a rail spur
as the part of the company’s proposed plan to construct an oxidizer manufacturing facility.
o
St. Lawrence River Walleye Association was awarded $12,000 in grant funds toward the purchase of a
pump and minor maintenance and safety equipment as part of the Association’s restocking, research and
community education project.
o
The Town of Fine was awarded $10,000 in grant funds to assist in the rebuild of the historic Wanakena
footbridge.
o
The Town of Lisbon was awarded $45,000 in grant funds to assist in the repair of the masonry façade
on the Town of Lisbon Hepburn Library.
o
The Town of Louisville was awarded $42,800 in grant funds to assist in exterior work to the Community
Center.
o
The Town of Waddington was awarded $90,000 in grant funds to assist in the installation of a groundmounted 55,000 watt solar array system.
The SLCIDA also continued aggressive marketing efforts, as follows:
o
Outreach of select Canadian businesses in Ontario and Quebec to generate interest and possible
expansion into St. Lawrence County through trade shows, events, and advertising.
o
Outreach of select businesses in Massachusetts, Connecticut, New Jersey and Pennsylvania in
conjunction with trade shows to generate interest and possible expansion into St. Lawrence County
including over 3,400 direct mail pieces. Coordination with local colleges to outreach alumni in
those geographic areas to encourage them to visit our booth at trade shows and consider a business
location in St. Lawrence County including 200 direct mail pieces and additional email
communications.
o
Direct mailing to 50 Massachusetts, Connecticut, New Jersey and Pennsylvania companies in the
paper industry highlighting availability of former Newton Falls Fine Paper facility in Newton Falls
and ACCO Brands facility in Ogdensburg.
o
Continued to promote advantages of low-cost power available through the NYPA Preservation
Power and St. Lawrence County Economic Development Power programs through a series of
mailings, advertisements, trade show displays, site visits and other outreach activities.
Page 4
o
Facilitated two Countywide Economic Developers’ Marketing meetings to ensure coordination of
marketing efforts, strategic objectives and general operating activities of the local, county and
regional developers.
o
Maintained memberships in Canadian trade organizations to facilitate access to events and to
maintain key contacts with Canadian companies and multiplier organizations.
o
Advertising and media promotion pieces created and utilized, including placements in Ottawa
Technology Magazine, North Country This Week, Watertown Daily Times, St. Lawrence County
Newspapers and GardenShare Local Food Guide. Strategic media placement and e-marketing
highlighting attendance at tradeshows including Montreal Gazette, National Post Montreal Edition,
and CANSEC show guide.
o
The SLCIDA submitted a $50,000 grant application to National Grid’s Strategic Economic
Development Outreach program to enhance our Canadian marketing efforts from June 2014
through June 2015.
o
Sponsorship, coordination and/or attendance at 15 trade shows/marketing events in New York, New
England and Canada:




March 2014
Presentation of Marketing Plan to Massena Rotary
Women’s Business Bootcamp at SUNY Canton
FABTECH, Toronto
BIOMeDevice/Plastec/Design & Manufacturing/Electronics New England, Boston






April 2014
3-D Printing Tradeshow, New York
All-Energy Canada Exhibition, Toronto
EpTech, Montreal
North Country Business Expo/The Really Big Show, Potsdam
Canadian Environmental conference & Tradeshow (CANECT), Mississauga
Ottawa Business Summit, Ottawa



May 2014
Mfg4, Hartford
Montreal Manufacturing Technology Show (MMTS), Montreal
Canadian Defense Security Tradeshow (CANSEC), Ottawa


June 2014
Atlantic Design & Manufacturing Tradeshow, New York
North Country Clean Energy Conference, ANCA in Lake Placid
Page 5
St. Lawrence County Industrial Development Agency
Balance Sheet
As of June 30, 2014
Jun 30, 14
ASSETS
Current Assets
Checking/Savings
200 · Cash
67,632.89
200P · Cash - Payroll Checking Account
37,500.78
201 · Cash in Time Deposits
203 · Cash - Rental Deposits
Total Checking/Savings
1,321,440.29
5,692.10
1,432,266.06
Other Current Assets
211 · Special Reserve
220 · Due from Affiliate Agencies
Total Other Current Assets
Total Current Assets
2,000,000.00
547.91
2,000,547.91
3,432,813.97
Fixed Assets
129 · Canton Industrial Building
129-B · Canton Ind Bldg - Depreciation
129-A · Canton Industrial Building
Total 129 · Canton Industrial Building
-52,585.85
2,058,514.19
2,005,928.34
110 · 1st Gouverneur Industrial Bldg
110-A · 1st Gouverneur Land
110-B · 1st Gouverneur Industrial Bldg
10,500.00
398,730.18
110-C · 1st GIB Bldg Depreciation
-191,432.76
Total 110 · 1st Gouverneur Industrial Bldg
217,797.42
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
39,577.50
112-B · Vehicles Depreciation
-24,755.00
Total 112 · Vehicles
14,822.50
119 · Massena Industrial Park-Lot 12
40,963.08
122 · Furnishings
122-A · Furnishing
27,096.04
122-B · Furnishing Depreciation
Total 122 · Furnishings
-21,400.95
5,695.09
125 · Massena Lot 20
125-A · Massena Lot 20 Building
125-B · Massena Lot20 Bldg Depreciation
Total 125 · Massena Lot 20
715,515.78
-144,593.78
570,922.00
126 · Potsdam Commerce Park
126-A · Potsdam Commerce Park Bldg
126-B · PCP Bldg Depreciation
Total 126 · Potsdam Commerce Park
890,509.28
-159,549.57
730,959.71
127 · Massena Lot 17
127A · Massena Lot 17 Building
408,000.00
127-B · Massena Lot17 Bldg Depreciation
-52,700.00
Total 127 · Massena Lot 17
Page 6
355,300.00
St. Lawrence County Industrial Development Agency
Balance Sheet
As of June 30, 2014
Jun 30, 14
128 · Canton Industrial Park
128A · Canton Industrial Park - Land
Total 128 · Canton Industrial Park
Total Fixed Assets
166,250.00
166,250.00
4,182,777.79
Other Assets
Construction in Progress (CIP)
256 · CIP - Canton Ind Park
257 · CIP - Improvements CIB
Total Construction in Progress (CIP)
8,400.00
5,954.00
14,354.00
Notes Receivable (N/R)
450 · North Country Grown RBEG
24,995.00
483 · N/R - ATL - Tamarack Building
38,892.12
497 · N/R - High Peaks Winery
499 · N/R - Fockler Equip Lease
Total Notes Receivable (N/R)
Total Other Assets
3,747.68
60,447.43
128,082.23
142,436.23
TOTAL ASSETS
7,758,027.99
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
2100 · Deposit - Rental
5,692.10
Total Other Current Liabilities
5,692.10
Total Current Liabilities
5,692.10
Long Term Liabilities
Mortgage Payable
651 · M/P - GMEDF GM Vendor Project
Total Mortgage Payable
256,025.89
256,025.89
Notes Payable (N/P)
653 · N/P - SLCIDA-LDC Massena Lot20
Total Notes Payable (N/P)
41,697.32
41,697.32
500 · Emp Compensated Time Accruals
188,532.41
501 · PostEmpBenft Other Than Pension
336,729.00
Total Long Term Liabilities
Total Liabilities
822,984.62
828,676.72
Equity
3600 · Prior Period Adjustment
-1,038,372.63
3700 · Investment in Capital Assets
3,825,341.05
3800 · Net Assets - Assigned
2,000,000.00
3900 · Net Assets - Unassigned
2,323,510.17
Net Income
-181,127.32
Total Equity
6,929,351.27
TOTAL LIABILITIES & EQUITY
7,758,027.99
Page 7
St. Lawrence County Industrial Development Agency
Budget Report
As of June 30, 2014
2014 Budget
OPERATING REVENUE- Other
2400 - Late Fees Received
2409B - Interest Income - Banking
2409L - Interest Income - Loans
2421 - St. Lawrence County Revenue
2422 - IDALDC Administrative Revenue
2423 - GMEDF Administrative Revenue
2999 - Miscellaneous Revenue
Total OPERATING REVENUE
Canton Industrial Building - CIB(SL Brewery)
2450 · Rental Income - CIB
Total Revenue for CIB
June 14
YTD
Balance
250.00
2,700.00
21,000.00
400,000.00
200,000.00
7,200.00
250.00
631,400.00
0.00
3.09
1,572.76
0.00
0.00
0.00
0.00
1,575.85
0.00
359.35
9,473.95
200,000.00
100,000.00
0.00
240.00
310,073.30
250.00
2,340.65
11,526.05
200,000.00
100,000.00
7,200.00
10.00
321,326.70
28,944.00
28,944.00
2,759.24
2,759.24
13,761.20
13,761.20
15,182.80
15,182.80
6455408 · Maintenance Expense - CIB
6455411 · Insurance Expense - CIB
6455500 · Interest Expense - CIB
6455510 - Depreciation Expense - CIB
Total Expenditure for CIB
5,000.00
4,650.00
10,255.00
50,621.00
70,526.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
5,000.00
4,650.00
10,255.00
50,621.00
70,526.00
Total Canton Industrial Building
Canton Industrial Park
6456408 · Maintenance Expense - CIP
6456411 · Insurance Expense - CIP
Total Expenditure for CIP
(41,582.00)
2,759.24
13,761.20
5,000.00
100.00
5,100.00
0.00
0.00
0.00
0.00
0.00
0.00
5,000.00
100.00
5,100.00
(5,100.00)
0.00
0.00
(5,100.00)
2,859.00
2,859.00
0.00
0.00
2,858.81
2,858.81
0.19
0.19
2,468.00
2,468.00
0.00
0.00
0.00
0.00
2,468.00
2,468.00
391.00
0.00
2,858.81
2,500.00
100.00
250.00
2,850.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2,500.00
100.00
250.00
2,850.00
(2,850.00)
0.00
0.00
(2,850.00)
Total Canton Industrial Park
1st Gouverneur Industrial Building (Kinney's Lease Purchase)
2454· Rental Income - 1GIB
Total Revenue for 1GIB
6485510 - Depreciation Expense - 1GIB
Total Expenditure 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 Gouverneur Industrial Park
Page 8
(55,343.20)
(2,467.81)
St. Lawrence County Industrial Development Agency
Budget Report
As of June 30, 2014
2014 Budget
June 14
YTD
Balance
Massena Lot 20 Building (OpTech)
2490 · Rental Income - Massena Lot 20 Bldg
Total Revenue for Massena Lot 20
33,821.00
33,821.00
2,425.62
2,425.62
12,229.39
12,229.39
21,591.61
21,591.61
6470500 · Interest Expense - Massena Lot 20 Bldg
6470510 - Depreciation Expense - Massena Lot 20 Bldg
Total Expenditure for Massena Lot 20
1,133.00
17,888.00
19,021.00
96.98
0.00
96.98
656.32
0.00
656.32
476.68
17,888.00
18,364.68
Total Massena Lot 20 Bldg
Potsdam Commerce Park (Clarkson)
2495 · Rental Income - PCP Bldg
Total Revenue for Potsdam Commerce Park
14,800.00
2,328.64
11,573.07
3,226.93
13,200.00
13,200.00
3,398.75
3,398.75
15,158.09
15,158.09
(1,958.09)
(1,958.09)
6497408 · Maintenance Expense - PCP Bldg
6497411 · Insurance Expense - PCP Bldg
6497499 · Misc Expense - PCP Bldg
6497510 - Depreciation Expense - PCP Bldg
Total Expenditure for PCP
1,000.00
3,300.00
500.00
22,263.00
27,063.00
0.00
0.00
0.00
0.00
0.00
905.00
0.00
0.00
0.00
905.00
Total Potsdam Commerce Park
Massena Lot 17(Media Access)
2475 · Rental Income - Massena Lot 17 Bldg
Total Revenue for Massena Lot 17
(13,863.00)
3,398.75
14,253.09
(28,116.09)
19,723.00
19,723.00
1,900.00
1,900.00
11,260.06
11,260.06
8,462.94
8,462.94
500.00
2,435.00
3,000.00
10,200.00
16,135.00
0.00
0.00
179.91
0.00
179.91
190.00
2,434.55
2,699.68
0.00
5,324.23
310.00
0.45
300.32
10,200.00
10,810.77
1,720.09
10,483.61
276.89
10,206.72
0.00
10,206.72
5,935.83
55,267.55
6,885.55
48,382.00
0.00
48,382.00
(2,347.83)
43,279.45
136,277.45
(92,998.00)
103,440.00
10,442.00
6480408 · Maint Expense - Massena Lot 17 Bldg
6480411 · Insurance Expense - Massena Lot 17 Bldg
6480416 · Utility Expense - Massena Lot 17 Bldg
6480510 - Depreciation Expense - Massena Lot 17 Bldg
Total Expenditure for Massena Lot 17
Total Massena Lot 17
3,588.00
98,547.00
143,163.00
(44,616.00)
103,440.00
58,824.00
95.00
3,300.00
500.00
22,263.00
26,158.00
Total Building Revenues
Total Building Expenditures
Total Building Net Income
Total Building Depreciation
Building Net Income without Depreciation
Miscellaneous Projects
2499 · Canton Industrial Park Revenue
2455 · NF Rail Rehab Revenue
2476 · Hab Grant Revenue
Total Revenue for Misc Projects
470,000.00
1,000,000.00
4,962.00
1,474,962.00
0.00
0.00
0.00
0.00
0.00
0.00
3,500.00
3,500.00
470,000.00
1,000,000.00
1,462.00
1,471,462.00
6420430 - HAB Grant Expense
6420501 - Railroad Interest Expense
6420616 - Canton Ind Park Improvments
6420617 - NF Rail Rehab Expense
Total Expenditure for Misc Projects
4,962.00
15,000.00
250,000.00
1,000,000.00
1,269,962.00
0.00
0.00
0.00
49,520.23
49,520.23
3,500.00
0.00
3,100.00
111,364.18
117,964.18
1,462.00
15,000.00
246,900.00
888,635.82
1,151,997.82
205,000.00
(49,520.23)
(114,464.18)
319,464.18
Total Miscellaneous Projects
Page 9
St. Lawrence County Industrial Development Agency
Budget Report
As of June 30, 2014
2014 Budget
CAP Improvement
6475522 - CAP IMP Computer
6475530 - CAP IMP Furnishings
Total Capital Improvement Expenditures
Other Income
2413 · Project Fees
6499 - Miscellaneous Income
Total Other Income
Pilot & Maintenance Payments
2420 · Pilot Payment Received
YTD
Balance
10,000.00
10,000.00
20,000.00
0.00
0.00
0.00
891.20
0.00
891.20
10,000.00
500.00
10,500.00
2,000.00
0.00
2,000.00
51,304.07
0.00
51,304.07
(41,304.07)
500.00
(40,804.07)
5,251.00
5,251.00
437.58
437.58
2,625.48
2,625.48
2,625.52
2,625.52
5,251.00
5,251.00
437.58
437.58
2,625.48
2,625.48
2,625.52
2,625.52
0.00
0.00
0.00
0.00
2,000.00
12,000.00
10,000.00
10,000.00
5,000.00
2,500.00
5,000.00
1,500.00
2,000.00
10,000.00
2,000.00
20,000.00
6,500.00
6,000.00
50,000.00
3,000.00
2,000.00
5,000.00
3,000.00
15,000.00
1,000.00
8,698.00
917.45
30.00
437.89
162.84
2,518.48
0.00
770.47
351.28
0.00
394.50
0.00
57.87
0.00
0.00
6,482.55
489.34
47.85
335.44
0.00
2,806.07
160.40
729.98
1,816.60
1,625.00
4,310.84
1,677.75
2,539.47
0.00
3,435.42
949.49
65.00
2,847.00
1,910.00
351.75
3,250.00
5,850.00
58,662.50
2,905.65
458.71
1,252.49
58.75
9,328.91
10,179.90
4,527.22
183.40
10,375.00
5,689.16
8,322.25
2,460.53
2,500.00
1,564.58
550.51
1,935.00
7,153.00
90.00
19,648.25
3,250.00
150.00
(8,662.50)
94.35
1,541.29
3,747.51
2,941.25
5,671.09
(9,179.90)
4,170.78
426,430.00
196,745.00
125,550.00
32,010.00
2,400.00
9,000.00
974,333.00
796,884.00
994,333.00
(197,449.00)
10,500.00
(186,949.00)
32,661.12
7,440.70
0.00
2,320.02
212.94
0.00
59,327.19
(37,737.66)
59,327.19
(97,064.85)
2,000.00
(95,064.85)
211,960.72
128,838.10
0.00
15,062.55
1,667.49
0.00
475,531.31
243,991.12
476,422.51
(232,431.39)
51,304.07
(181,127.32)
214,469.28
67,906.90
125,550.00
16,947.45
732.51
9,000.00
498,801.69
552,892.88
517,910.49
34,982.39
(40,804.07)
(5,821.68)
6490613 · PILOT - Tamarack
Total Pilot & Maintenance Payments
IDA General Operating Expenditures
6460408 · Maintenance Expense
6460411 · Insurance Expense
6460416 · Utilities 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 - Retainer
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
6460503 - Payroll Expenses
503A - Salaries & Wages
503B - Employee Benefits
503C - Post Employment Benefits Expense
503D - Payroll Tax Expense
503E - Payroll Processing Fees
6460599 - Depreciation Expense
Total IDA General Operating Expenditures
Total Operating Revenue
Total Operating Expenditures
Net Ordinary Income
Total Other Income
Net Income
June 14
Page 10
9,108.80
10,000.00
19,108.80
St. Lawrence County Industrial Development Agency
Cash and In Time Report
As of June 30, 2014
Type of Account
Bank
Interest Rate
Amount
Money Market
Rental Deposits
Checking
Payroll Account
Savings
Key Bank
NBT Bank
NBT Bank
NBT Bank
NBT Bank
0.25%
0.02%
0.02%
0.02%
0.25%
$ 2,126,980.64
$
5,692.10
$
67,632.89
$
37,500.78
$ 1,194,459.65
$ 3,432,266.06
$ (2,000,000.00)
$ 1,432,266.06
Reserve
Total Cash accounts
Page 11
St. Lawrence County IDA Local Development Corporation
Consolidated Balance Sheet
As of June 30, 2014
General Fund
Loan Fund
GMEDF
RVRA
TOTAL
ASSETS
Current Assets
Checking/Savings
200 · Cash - General Fund
200B · Cash - General Fund - KeyBank
200BG · Cash - General - Key Bank
215,000.00
0.00
0.00
0.00
215,000.00
200BT · Cash - Training - Key Bank
22,151.44
0.00
0.00
0.00
22,151.44
237,151.44
0.00
0.00
0.00
237,151.44
85,224.01
0.00
0.00
0.00
85,224.01
9,321.91
0.00
0.00
0.00
9,321.91
331,697.36
0.00
0.00
0.00
331,697.36
Total 200B · Cash - GenFund - KeyBank
200C · Cash - General - NBTBank
200P · Cash - General Fund - Payroll
Total 200 · Cash - General Fund
201 · Cash - Revolving Loan Fund
201X · Cash - RLF - (Restr) SLBrew LOC
0.00
50,000.00
0.00
0.00
50,000.00
201A · Cash - RLF - FirstNiagara
0.00
358,700.20
0.00
0.00
358,700.20
201C · Cash - RLF - Comm'y Bank
0.00
55,916.65
0.00
0.00
55,916.65
201D · Cash - RLF - KeyBank
0.00
134,917.71
0.00
0.00
134,917.71
201F · Cash - RLF - NBT
0.00
213,271.89
0.00
0.00
213,271.89
201Z · Cash - RLF - CD_NBT
0.00
100,000.00
0.00
0.00
100,000.00
0.00
912,806.45
0.00
0.00
912,806.45
0.00
0.00
0.00
110,276.99
110,276.99
Total 201 · Cash - Revolving Loan Fund
202 · Cash - RVRA
202A · Cash - RVRA - NBT
202B · Cash - RVRA - NBT_MoneyMkt
0.00
0.00
0.00
1.00
1.00
202C · Cash - RVRA - Key
0.00
0.00
0.00
4,384,363.22
4,384,363.22
202D · Cash - RVRA - FirstNiagara
0.00
0.00
0.00
6,895,568.66
6,895,568.66
0.00
0.00
0.00
11,390,209.87
11,390,209.87
0.00
0.00
1,597,694.65
0.00
1,597,694.65
0.00
0.00
1,597,694.65
0.00
1,597,694.65
331,697.36
912,806.45
1,597,694.65
11,390,209.87
14,232,408.33
331,697.36
912,806.45
1,597,694.65
11,390,209.87
14,232,408.33
0.00
0.00
0.00
359,800.00
359,800.00
Total 202 · Cash - RVRA
203 · Cash - GMEDF
203A · Cash - GMEDF - NBT
Total 203 · Cash - GMEDF
Total Checking/Savings
Total Current Assets
Fixed Assets
100 · Massena Lot 18 (MIB18) RVRA
100A · MIB 18 - Building [RVRA]
100B · MIB 18 - Bldg Deprec [RVRA]
0.00
0.00
0.00
-15,591.33
-15,591.33
0.00
0.00
0.00
344,208.67
344,208.67
101A · MIB 19 - Building [RVRA]
0.00
0.00
0.00
340,200.00
340,200.00
101B · MIB 19 - Bldg Deprec [RVRA]
0.00
0.00
0.00
-14,742.00
-14,742.00
0.00
0.00
0.00
325,458.00
325,458.00
117A · 4MIB - Building [LDC]
0.00
594,233.38
0.00
0.00
594,233.38
117B · 4MIB - Improvements [LDC]
0.00
149,290.09
0.00
0.00
149,290.09
117C · 4MIB - Bldg Deprec [LDC]
Total 100 · Massena Lot 18 (MIB18) RVRA
101 · Massena Lot 19 (MIB19) RVRA
Total 101 · Massena Lot 19 (MIB19) RVRA
117 · 4MIB - LDC
0.00
-193,842.32
0.00
0.00
-193,842.32
Total 117 · 4MIB - LDC
0.00
549,681.15
0.00
0.00
549,681.15
118 · Land-Lot13-LDC MIP
0.00
30,000.00
0.00
0.00
30,000.00
119 · Construction in Process
0.00
0.00
0.00
145,727.67
145,727.67
0.00
579,681.15
0.00
815,394.34
1,395,075.49
Total Fixed Assets
Page 12
St. Lawrence County IDA Local Development Corporation
Consolidated Balance Sheet
As of June 30, 2014
General Fund
Loan Fund
GMEDF
RVRA
TOTAL
Other Assets
Mortgage Receivable [GMEDF]
410 · M/R - CurranRenewEnergy [GMEDF]
0.00
0.00
105,656.98
0.00
411 · M/R - Galilee Farms [GMEDF]
0.00
0.00
28,697.17
0.00
28,697.17
412 · M/R - GM Vendor [GMEDF]
0.00
0.00
256,025.87
0.00
256,025.87
413 · M/R - High Peaks Winery [GMEDF]
0.00
0.00
36,500.00
0.00
36,500.00
0.00
0.00
426,880.02
0.00
426,880.02
0.00
0.00
0.00
36,500.00
36,500.00
0.00
0.00
0.00
36,500.00
36,500.00
Total Mortgage Receivable [GMEDF]
105,656.98
Mortgage Receivables [RVRA]
414 · M/R - High Peaks Winery [RVRA]
Total Mortgage Receivables [RVRA]
N/R Revolving Loan Fund - [RLF]
459 · N/R - ATL_Tamarack [RLF]
0.00
9,720.35
0.00
0.00
9,720.35
466 · N/R - Hacketts [RLF]
0.00
86,507.52
0.00
0.00
86,507.52
470 · N/R - SLCIDA Lot 20 [RLF]
0.00
36,797.78
0.00
0.00
36,797.78
471 · N/R - Glazier [RLF]
0.00
22,407.78
0.00
0.00
22,407.78
477 · N/R - DE Kerr [RLF]
0.00
37,963.89
0.00
0.00
37,963.89
479 · N/R - Atlantic Testing [RLF]
0.00
77,757.70
0.00
0.00
77,757.70
480 · N/R - CurranRenewEnergy [RLF]
0.00
225,220.28
0.00
0.00
225,220.28
483 · N/R - SLIC [RLF]
0.00
54,545.83
0.00
0.00
54,545.83
485 · N/R - NoCoDairy [RLF]
0.00
206,563.29
0.00
0.00
206,563.29
488 · N/R - GilbertGreenCoClub [RLF]
0.00
40,344.96
0.00
0.00
40,344.96
490 · N/R - SLIC LOC [RLF]
0.00
284,254.81
0.00
0.00
284,254.81
492 · N/R - CurranRenewable2012 [RLF]
0.00
92,024.94
0.00
0.00
92,024.94
493 · N/R - St Lawrence Brewing [RLF]
0.00
65,409.26
0.00
0.00
65,409.26
0.00
1,239,518.39
0.00
0.00
1,239,518.39
494 · N/R - Town of Massena [RVRA]
0.00
0.00
0.00
58,041.79
58,041.79
485R · N/R - NoCoDairy [RVRA]
0.00
0.00
0.00
206,563.25
206,563.25
486 · N/R - SLIC [RVRA]
0.00
0.00
0.00
311,768.26
311,768.26
487 · N/R - StructuralWood - [RVRA]
0.00
0.00
0.00
115,903.18
115,903.18
489 · N/R - NicholvilleTel [RVRA]
0.00
0.00
0.00
283,436.40
283,436.40
495 · N/R - City of Ogdensburg [RVRA]
0.00
0.00
0.00
28,750.00
28,750.00
496 · N/R - BDC Rail Loan [RVRA]
0.00
0.00
0.00
197,504.00
197,504.00
497 · N/R - BlastBoss [RVRA]
0.00
0.00
0.00
17,500.00
17,500.00
Total Notes Receivable - [RVRA]
0.00
0.00
0.00
1,219,466.88
1,219,466.88
Total N/R Revolving Loan Fund - [RLF]
Notes Receivable - [RVRA]
Page 13
St. Lawrence County IDA Local Development Corporation
Consolidated Balance Sheet
As of June 30, 2014
General Fund
Loan Fund
GMEDF
RVRA
TOTAL
Notes Receivable GMEDF
420 · N/R - NoRacq Greenery [GMEDF]
0.00
0.00
33,451.87
0.00
421 · N/R - Atlantic Testing [GMEDF]
0.00
423 · N/R - HoosierMagn [GMEDF]
0.00
424 · N/R - MediaAccess.com [GMEDF]
33,451.87
0.00
78,175.57
0.00
78,175.57
0.00
120,652.02
0.00
120,652.02
0.00
0.00
99,238.03
0.00
99,238.03
428 · N/R - StLawrenceFoods [GMEDF]
0.00
0.00
131,262.89
0.00
131,262.89
432 · N/R - CliftonFineHosp [GMEDF]
0.00
0.00
124,735.50
0.00
124,735.50
434 · N/R - StructuralWood [GMEDF]
0.00
0.00
117,164.20
0.00
117,164.20
435 · N/R - TooBro [GMEDF]
0.00
0.00
13,870.48
0.00
13,870.48
436 · N/R - BlastBoss [GMEDF]
0.00
0.00
17,500.00
0.00
17,500.00
Total Notes Receivable GMEDF
0.00
0.00
736,050.56
0.00
736,050.56
210 · Accrued Interest Receivable
0.00
7,543.40
26,639.02
0.00
34,182.42
220 · Due from Affiliate
0.00
325,000.00
0.00
0.00
325,000.00
0.00
1,572,061.79
1,189,569.60
1,255,966.88
4,017,598.27
331,697.36
3,064,549.39
2,787,264.25
13,461,571.09
19,645,082.09
58,963.68
-50,540.58
-37,493.77
-643,576.98
-672,647.65
Total Other Assets
TOTAL ASSETS
LIABILITIES & EQUITY
Equity
32000 · Unrestricted Net Assets
3700 · Prior Period Adjustment
3800 · Net Assets - Unrestricted
3900 · Net Assets - Temp Restricted
0.00
-1,433.62
0.00
1,433.62
0.00
252,994.57
0.00
0.00
0.00
252,994.57
0.00
3,086,204.41
2,815,091.35
14,315,639.92
20,216,935.68
Net Income
12,400.02
37,658.27
9,666.67
-211,925.47
-152,200.51
Total Equity
324,358.27
3,071,888.48
2,787,264.25
13,461,571.09
19,645,082.09
324,358.27
3,071,888.48
2,787,264.25
13,461,571.09
19,645,082.09
TOTAL LIABILITIES & EQUITY
Page 14
St. Lawrence County IDA Local Development Corporation
Consolidated Budget Report
As of June 30, 2014
Budget vs. Actual
Income
Budget
General Fund
June 2014
GMEDF
June 2014
Loan Fund
June 2014
RVRDA
June 2014
Combined June
2014
YTD
Balance
OPERATING REVENUE
2400 · Late Fees Received
400.00
0.00
0.00
0.00
0.00
0.00
75.00
325.00
17,720.00
0.00
27.15
35.79
644.46
707.40
4,371.04
13,348.96
2409L · Interest Income - Loans
117,000.00
0.00
2,288.68
6,190.91
2,501.85
10,981.44
55,885.46
61,114.54
2412 · RVRA Administrative Revenue
300,000.00
0.00
0.00
0.00
0.00
0.00
150,000.00
150,000.00
2409B · Interest Income - Banking
2413 · WIB Director Revenue
42,800.00
2,243.25
0.00
0.00
0.00
2,243.25
14,030.93
28,769.07
2424 · Brasher Admin Income (LDCMicro)
1,000.00
0.00
0.00
0.00
0.00
0.00
0.00
1,000.00
2450 · Miscellaneous Income
3,000.00
0.00
0.00
100.00
0.00
0.00
2,600.00
400.00
481,920.00
2,243.25
2,315.83
6,326.70
3,146.31
13,932.09
226,962.43
254,957.57
2421 · Rental Income-4MIB
33,948.00
0.00
0.00
2,673.05
0.00
2,673.05
19,693.51
14,254.49
Total Revenue for 4MIB
33,948.00
0.00
0.00
2,673.05
0.00
2,673.05
19,693.51
14,254.49
Total OPERATING REVENUE
4TH MASSENA INDUSTRIAL BUILDING
6485499 · 4MIB - Miscellaneous Expense
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
6485510 · 4MIB - Depreciation Expense
15,297.00
0.00
0.00
0.00
0.00
0.00
0.00
15,297.00
Total Expenditures for 4MIB
15,297.00
0.00
0.00
0.00
0.00
0.00
0.00
15,297.00
18,651.00
0.00
0.00
2,673.05
0.00
2,673.05
19,693.51
2422 - MIB Lot 18 Rent
1,250.00
0.00
0.00
0.00
125.00
125.00
500.00
750.00
Total Revenue for MIB18
1,250.00
0.00
0.00
0.00
125.00
125.00
500.00
750.00
6486408 · MIB18 - Maintenance Expense
2,000.00
0.00
0.00
0.00
0.00
0.00
38.37
1,961.63
6486411 · MIB18 - Insurance Expense
3,725.00
0.00
0.00
0.00
0.00
0.00
0.00
3,725.00
6486416 · MIB18 - Utility Expense
4,000.00
0.00
0.00
0.00
138.71
138.71
3,401.50
598.50
6486499 · MIB18 - Miscellaneous Expense
1,000.00
0.00
0.00
0.00
0.00
0.00
0.00
1,000.00
Total 4TH MASSENA INDUSTRIAL BUILDING
(1,042.51)
MASSENA INDUSTRIAL BUILDING LOT18
6486500 · MIB18 - Depreciation Expense
7,196.00
0.00
0.00
0.00
0.00
0.00
0.00
7,196.00
17,921.00
0.00
0.00
0.00
138.71
138.71
3,439.87
14,481.13
(16,671.00)
0.00
0.00
0.00
(13.71)
(13.71)
(2,939.87)
(13,731.13)
2422 - MIB Lot 19 Rent
29,250.00
0.00
0.00
0.00
4,730.17
4,730.17
20,167.66
9,082.34
Total Revenue for MIB19
29,250.00
0.00
0.00
0.00
4,730.17
4,730.17
20,167.66
9,082.34
6487408 · MIB19 - Maintenance Expense
2,000.00
0.00
0.00
0.00
0.00
0.00
0.00
2,000.00
6487411 · MIB19 - Insurance Expense
4,500.00
0.00
0.00
0.00
0.00
0.00
0.00
4,500.00
6487416 · MIB19 - Utility Expense
2,000.00
0.00
0.00
0.00
34.88
34.88
830.13
1,169.87
6487499 · MIB19 - Miscellaneous Expense
2,500.00
0.00
0.00
0.00
0.00
0.00
0.00
2,500.00
Total Expenditures for MIB18
Total MASSENA INDUSTRIAL BUILDING LOT18
MASSENA INDUSTRIAL BUILDING LOT19
6487500 · MIB19 - Depreciation Expense
6,804.00
0.00
0.00
0.00
0.00
0.00
0.00
6,804.00
17,804.00
0.00
0.00
0.00
34.88
34.88
830.13
16,973.87
11,446.00
0.00
0.00
0.00
4,695.29
4,695.29
19,337.53
2425 · MIB 18 & 19 Improvement Revenue
60,000.00
0.00
0.00
0.00
0.00
0.00
0.00
60,000.00
Total Revenue for Misc Projects
60,000.00
0.00
0.00
0.00
0.00
0.00
0.00
60,000.00
6420430 · Training Reimb Expense
71,550.00
0.00
0.00
0.00
0.00
0.00
3,335.00
68,215.00
6420486 · Improvements on MIB 18
60,000.00
0.00
0.00
0.00
0.00
0.00
139.95
59,860.05
Total Expenditures for MIB19
Total MASSENA INDUSTRIAL BUILDING LOT19
(7,891.53)
MISCELLANEOUS PROJECTS
6420487 · Improvements on MIB 19
90,000.00
0.00
0.00
0.00
0.00
0.00
1,462.95
88,537.05
Total Expenses for Misc Projects
221,550.00
0.00
0.00
0.00
0.00
0.00
4,937.90
216,612.10
Total MISCELLANEOUS PROJECTS
(161,550.00)
0.00
0.00
0.00
0.00
0.00
(4,937.90)
(156,612.10)
64,448.00
51,022.00
13,426.00
29,297.00
42,723.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2,673.05
0.00
2,673.05
0.00
2,673.05
4,855.17
173.59
4,681.58
0.00
4,681.58
7,528.22
173.59
7,354.63
0.00
7,354.63
40,361.17
4,270.00
36,091.17
0.00
36,091.17
24,086.83
46,752.00
(22,665.17)
29,297.00
6,631.83
Total Building Revenues
Total Building Expenditures
Total Building Net Income
Total Building Depreciation
Building Net Income without Depreciation
Page 15
St. Lawrence County IDA Local Development Corporation
Consolidated Budget Report
As of June 30, 2014
Budget vs. Actual
Expense
Budget
General Fund
June 2014
GMEDF
June 2014
Loan Fund
June 2014
RVRDA
June 2014
Combined June
2014
YTD
Balance
GENERAL OPERATING EXPENSES
6460411 · Insurance Expense
2,700.00
0.00
0.00
0.00
0.00
0.00
0.00
2,700.00
6460418 · Underwriting/Credit Report Expense
2,500.00
0.00
0.00
0.00
0.00
0.00
23.80
2,476.20
6460420 · Office Supplies Expense
250.00
0.00
0.00
0.00
0.00
0.00
0.00
250.00
6460427 · Memberships & Dues Expense
250.00
0.00
0.00
0.00
0.00
0.00
175.00
75.00
48,600.00
0.00
0.00
0.00
0.00
0.00
24,300.00
24,300.00
300,000.00
0.00
0.00
0.00
0.00
0.00
150,000.00
150,000.00
30,000.00
0.00
0.00
0.00
2,280.00
2,280.00
7,537.50
22,462.50
8,000.00
0.00
0.00
0.00
0.00
0.00
4,000.00
4,000.00
12,600.00
0.00
0.00
0.00
0.00
0.00
12,475.00
125.00
7,200.00
0.00
0.00
0.00
0.00
0.00
0.00
7,200.00
6460430 · Contractual Expenses to MED
6460431 · IDALDC Admin Payment
6460432 · Other Legal Expense
6460433 · Legal Expense - Retainer
6460434 · Accounting Expense - General
6460435 - GMEDF Admin Fee
6460436 - Marketing
50,000.00
0.00
0.00
0.00
0.00
0.00
225.00
49,775.00
6460442 · Meeting Expense
250.00
0.00
0.00
0.00
0.00
0.00
0.00
250.00
6460443 · Mileage Expense
500.00
0.00
0.00
0.00
0.00
0.00
20.16
479.84
1,500.00
0.00
0.00
0.00
0.00
0.00
23.45
1,476.55
6460450-11 · CDEIP 2011
130,202.00
0.00
0.00
0.00
1,403.74
1,403.74
2,033.74
128,168.26
6460450-12 · CDEIP 2012
33,626.00
0.00
0.00
0.00
0.00
0.00
15,000.00
18,626.00
6460450-13 · CDEIP 2013
184,932.00
0.00
0.00
0.00
0.00
0.00
45,758.70
139,173.30
6460450-14 · CDEIP 2014
523,040.00
0.00
0.00
0.00
0.00
0.00
0.00
523,040.00
1,500.00
0.00
0.00
0.00
0.00
0.00
447.95
1,052.05
86,488.00
6,652.92
0.00
0.00
0.00
6,652.92
43,203.92
43,284.08
530.00
39.48
0.00
0.00
0.00
39.48
248.13
281.87
7,090.00
508.94
0.00
0.00
0.00
508.94
3,644.94
3,445.06
6460445 ·Other Travel Expense
6460499 · Miscellaneous Expense
6460503 · Payroll Expenses
503A - Salaries & Wages
503B - Employee Benefits
503D - Payroll Tax Expenses
503E- Payroll Processing Fees
1,750.00
154.92
0.00
0.00
0.00
154.92
1,198.92
551.08
200,000.00
0.00
0.00
0.00
0.00
0.00
100,000.00
100,000.00
6460555 · Bad Debt Expense
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
6460599 · Depreciation Expense
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,633,508.00
7,356.26
0.00
0.00
3,683.74
11,040.00
410,316.21
1,223,191.79
606,368.00
2,243.25
2,315.83
8,999.75
8,001.48
21,460.31
267,323.60
339,044.40
Total Expenses 1,906,080.00
7,356.26
0.00
0.00
3,857.33
11,213.59
419,524.11
1,486,555.89
6460550 · IDA Admin Payment
Total GENERAL OPERATING EXPENSES
Total Income
Net Income (1,299,712.00)
(5,113.01)
2,315.83
8,999.75
4,144.15
10,246.72
(152,200.51)
(1,147,511.49)
Depreciation Costs
29,297.00
Net Income without Deprecciation (1,270,415.00)
0.00
(5,113.01)
0.00
2,315.83
0.00
8,999.75
0.00
4,144.15
0.00
10,246.72
0.00
(152,200.51)
29,297.00
(1,118,214.49)
Page 16
St. Lawrence County IDA Local Development Corporation
Cash and In Time Report
As of June 30, 2014
Bank
Key Bank
Key Bank
NBT
NBT
NBT
First Niagara
Community Bank
Key Bank
NBT
NBT
NBT
NBT
Key Bank
First Niagara
NBT
Fund
General
Gen Training
General
General
Loan Fund
Loan Fund
Loan Fund
Loan Fund
Loan Fund
Loan Fund
RVRA
RVRA
RVRA
RVRA
GMEDF
Account Type
Money Market
Money Market
Money Market
Payroll
Brewery LOC
Money Market
Money Market
Money Market
Checking
CD
Checking
Money Market
Money Market
Money Market
Checking
Restricted /
Unrestricted
Unrestricted
Unrestricted
Unrestricted
Restricted
Restricted
Restricted
Restricted
Restricted
Unrestricted
Restricted
Restricted
Restricted
Restricted
Restricted
Page 17
Interest Rate
0.15%
0.15%
0.05%
0.00%
0.05%
0.15%
0.25%
0.15%
0.05%
0.05%
0.05%
0.05%
0.15%
0.33%
0.20%
Amount
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
215,000.00
22,151.44
85,224.01
9,321.91
50,000.00
358,700.20
55,916.65
134,917.71
213,271.89
100,000.00
110,276.99
1.00
4,384,363.22
5,895,568.66
1,597,694.65
$
13,232,408.33
St. Lawrence County IDA Civic Development Corporation
Balance Sheet
As of June 30, 2014
Jun 30, 14
ASSETS
Current Assets
Checking/Savings
200 · Checking Account
200-N · NBT Account
200B · NBT - Restricted - CivicDevFund
200A · NBT - Unrestricted - Checking
Total 200-N · NBT Account
200C · Key Money Market-Unrestricted
Total 200 · Checking Account
Total Checking/Savings
54,322.02
141,195.65
195,517.67
1,609.36
197,127.03
197,127.03
Other Current Assets
1499 · Undeposited Funds
Total Other Current Assets
Total Current Assets
1,548.82
1,548.82
198,675.85
Other Assets
401 · N/R - OBPA 2012
54,998.74
402 · N/R - Fire Training Facility
Total Other Assets
200,228.00
255,226.74
TOTAL ASSETS
453,902.59
LIABILITIES & EQUITY
Equity
Restricted
54,322.02
3900 · Unrestricted - Board Designated
Net Income
401,694.15
-2,113.58
Total Equity
453,902.59
TOTAL LIABILITIES & EQUITY
453,902.59
Page 18
St. Lawrence County IDA Civic Development Corporation
Budget Report
As of June 30, 2014
2014 Budget
Income
2400 · Late Payment Fee Received
2409B · Interest Income - Banking
2409L · Interest Income - Loans
Expenditures
6460411 · Insurance Expense
6460432 · Legal Expense
6460434 · Accounting Expense
6460499 · Miscellaneous Expense
Total IDA CDC Operating Expenditures
Total Revenue
Total Expenditures
Net Income
Jun-14
YTD
Balance
50.00
240.00
3,500.00
3,790.00
0.00
6.72
253.15
259.87
0.00
39.67
771.75
811.42
50.00
200.33
2,728.25
2,978.58
700.00
5,000.00
2,925.00
250.00
8,875.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2,925.00
0.00
2,925.00
700.00
5,000.00
0.00
250.00
5,950.00
811.42
2,925.00
(2,113.58)
2,978.58
5,950.00
(2,971.42)
3,790.00
8,875.00
(5,085.00)
Page 19
259.87
0.00
259.87
St. Lawrence County Local Development Corporation
Balance Sheet
As of June 30, 2014
Jun 30, 14
ASSETS
Current Assets
Checking/Savings
200 · NBT Checking
66,637.47
Total Checking/Savings
66,637.47
Other Current Assets
210 · Accrued Interest Receivable
Total Other Current Assets
Total Current Assets
1,069.08
1,069.08
67,706.55
Other Assets
Loans Receivable
400 · Adirondack Battery
11,256.36
401 · AKJ Marine
12,036.33
404 · Felician House
405 · Gordons Frame to Finish
407 · Hebel Welding
408 · Honey Dew Acres
5,312.82
18,269.97
3,783.88
13,997.70
412 · Maple Run Emporiums, Inc
8,309.42
413 · New Horizons Wireless, Inc.
8,324.90
415 · River Lane Campground
8,305.32
418 · Splendid Spaces
419 · St. Lawrence Valley Roasters
420 · Sugar Shack Bakery & Cafe
12,225.17
9,612.58
12,525.09
421 · Tony's Canvas & Leather
1,900.49
422 · Unique Boutique
4,643.64
423 · Valley Greenery
6,546.63
425 · Sam's Party Tents
16,018.43
426 · Shades Tanning
17,873.60
427 · Waddington Auto Parts
17,692.40
428 · Susan's Stitches
16,307.11
429 · Proline Striping
20,000.00
430 · Sharrow's Home Repair 2
16,465.00
Total Loans Receivable
Total Other Assets
TOTAL ASSETS
241,406.84
241,406.84
309,113.39
LIABILITIES & EQUITY
Equity
3800 · Unrestricted - Board Designated
3700 · Unrestricted
316,366.14
110.00
Net Income
-7,362.75
Total Equity
TOTAL LIABILITIES & EQUITY
Page 20
309,113.39
309,113.39
St. Lawrence County Local Development Corporation
Budget Report
As of June 30, 2014
Budget 2014
Jun-14
YTD
Balance
Income
2400 · Late Fees Received
1,000.00
2409B · Interest Income - Banking
2409L · Interest Income - Loans
2424 · Brasher Admin Income
Total Income
60.00
360.00
640.00
15.00
1.64
7.67
7.33
7,200.00
657.78
3,081.07
4,118.93
1,000.00
0.00
0.00
1,000.00
9,215.00
719.42
3,448.74
5,766.26
Expense
6460411 · Insurance Expense
700.00
0.00
0.00
700.00
6460420 · Office Supplies Expense
100.00
0.00
0.00
100.00
6460424 · Postage Expense
100.00
6.49
6.49
93.51
3,000.00
20.00
20.00
2,980.00
500.00
0.00
250.00
250.00
3,200.00
0.00
3,035.00
165.00
200.00
0.00
0.00
200.00
6460432 · Other Legal Expense
6460433 · Legal Expense - Retainer
6460434 · Accounting Expense - General
6460442 · Meeting Expense
6460445 ·Other Travel Expense
500.00
0.00
0.00
500.00
6460452 ·Brasher Admin Payment to IDALDC
1,000.00
0.00
0.00
1,000.00
6460502 ·Outside Contract Expense
7,500.00
0.00
7,500.00
0.00
100.00
0.00
0.00
100.00
6460499 · Miscellaneous Expense
Total Expense
16,900.00
26.49
10,811.49
6,088.51
Total Revenue
9,215.00
719.42
3,448.74
5,766.26
Total Expenditures
16,900.00
26.49
10,811.49
6,088.51
(7,685.00)
692.93
(7,362.75)
Net Income
Page 21
(322.25)