ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
Resolution No. 12-09-37
September 27, 2012
ACCEPTING TENTATIVE 2013 BUDGET
WHEREAS, the St. Lawrence County Industrial Development Agency (the “SLCIDA”)
has caused to be prepared a tentative Fiscal Year 2013 budget, and
WHEREAS, the tentative Budget was mailed to SLCIDA members prior to the
September 27, 2012 meeting, and
WHEREAS, SLCIDA members have had an opportunity to review the tentative Budget
(attached hereto and made a part hereof),
NOW, THEREFORE, BE IT RESOLVED that the St. Lawrence County Industrial
Development Agency does hereby accept the tentative budget as proposed including
modifications and amendments as may be reflected in the minutes of this meeting, and
BE IT FURTHER RESOLVED that the SLCIDA directs its staff to forward copies of
the tentative budget to the St. Lawrence County Clerk and to the Legislature of St. Lawrence
County and to do all other things as may be required by statute, and
BE IT FURTHER RESOLVED that the SLCIDA will consider comments on the
Tentative Budget at the next meeting that is scheduled at least 20 days from the date of this
resolution, and may modify the Budget based on those comments or on other information that
may come to the attention of the SLCIDA.
Move:
Second:
VOTE
Blevins
Hall
LaBaff
McMahon
Peck
Staples
Weekes
Blevins
LaBaff
AYE
X
X
X
X
X
X
NAY
ABSTAIN
ABSENT
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
/
X
Natalie A Sweatland
Natalie A. Sweatland
September 27, 2012
2011 Actual
2012 Budget
YTD 6/30/12
2013 Budget
Income
OPERATING REVENUE- Other
2400 · Late Fees Received
2409B · Interest Income - Banking
2409L · Interest Income - Loans
29.69
350.00
0.00
250.00
38,910.18
50,000.00
21,161.74
11,500.00
0.00
0.00
0.00
38,500.00
4,000.38
0.00
5,374.00
0.00
2421 - St. Lawrence County Revenue
375,000.00
425,000.00
318,750.00
475,000.00
2422 - IDALDC Administrative Revenue
300,000.00
300,000.00
50,000.00
200,000.00
2411 - Refund of Prior Years Expenses
2423 - GMEDF Administrative Revenue
9,000.00
7,200.00
7,200.00
7,200.00
73,200.00
75,000.00
105,800.00
75,000.00
800,140.25
857,550.00
508,285.74
807,450.00
2465 · Rental Income - 3MIB
41,175.64
42,428.00
31,699.47
43,718.00
Total Revenue for 3MIB
41,175.64
42,428.00
31,699.47
43,718.00
6498510 - Depreciation Expense 3MIB
13,132.27
0.00
0.00
13,132.00
Total Expenditure for 3MIB
13,132.27
0.00
0.00
13,132.00
28,043.37
42,428.00
31,699.47
30,586.00
2504 - CDC Project Revenue
3rd Massena Industrial Bldg (Marimac Lease Purchase)
Total 3rd Massena Industrial Bldg
Canton Industrial Building - CIB (St Law Brewery)
2450 · Rental Income - CIB
0.00
0.00
0.00
18,500.00
Total Revenue for TDC
0.00
0.00
0.00
18,500.00
6455411 · Insurance Expense - CIB
0.00
0.00
0.00
5,000.00
6455500 – Interest Expense - CIB
0.00
0.00
0.00
12,650.00
6455510 - Depreciation Expense - CIB
0.00
0.00
0.00
30,000.00
Total Expenditure for CIB
0.00
0.00
0.00
47,650.00
0.00
0.00
0.00
(29,150.00)
6456408 · Maintenance Expense - CIP
0.00
0.00
0.00
0.00
6456411 · Insurance Expense - CIP
0.00
0.00
0.00
0.00
6456499 · Miscellaneous Expense - CIP
0.00
0.00
0.00
0.00
Total Expenditure for GIP
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2425 · Rental Income - TDC
70,890.48
70,900.00
53,167.86
41,300.00
Total Revenue for TDC
70,890.48
70,900.00
53,167.86
41,300.00
Total Canton Industrial Building
Canton Industrial Park
Total Canton Industrial Park
Technology Development Ctr. (CPH Lease Purchase)
6495411 · Insurance Expense - TDC
3,816.71
4,389.00
0.00
0.00
6495510 - Depreciation Expense - TDC
16,224.64
0.00
0.00
8,150.00
Total Expenditure for TDC
20,041.35
4,389.00
0.00
8,150.00
Total Technology Development Ctr.
50,849.13
66,511.00
53,167.86
33,150.00
2454· Rental Income - 1GIB
10,745.87
10,983.00
8,201.69
11,317.00
Total Revenue for 1GIB
10,745.87
10,983.00
8,201.69
11,317.00
0.00
0.00
0.00
0.00
6485510 - Depreciation Expense - 1GIB
9,868.74
0.00
0.00
9,869.00
Total Expenditure for 1GIB
9,868.74
0.00
0.00
9,869.00
877.13
10,983.00
8,201.69
1,448.00
1st Gouverneur Industrial Building (Kinney's Lease Purchase)
6485499 · Miscellaneous Expense - 1GIB
Total 1st Gouverneur Industrial Building
2011 Actual
Gouverneur Industrial Park
6486408 · Maintenance Expense - GIP
2012 Budget
YTD 6/30/12
2013 Budget
1,250.00
4,000.00
2,775.00
2,000.00
176.00
250.00
0.00
250.00
0.00
500.00
0.00
250.00
1,426.00
4,750.00
2,775.00
2,500.00
(1,426.00)
(4,750.00)
(2,775.00)
(2,500.00)
2490 · Rental Income - Massena Lot 20
55,572.98
44,131.00
29,420.48
44,131.00
Total Revenue for Massena Lot 20
55,572.98
44,131.00
29,420.48
44,131.00
6470411 · Insurance Expense - Massena Lot 20
0.00
0.00
0.00
0.00
6470499 · Miscellaneous Expense - Massena Lot 20
0.00
0.00
16.66
0.00
3,186.08
2,528.00
1,959.48
1,845.00
6486411 · Insurance Expense - GIP
6486499 · Miscellaneous Expense - GIP
Total Expenditure for GIP
Total Gouverneur Industrial Park
Massena Lot 20 Building (OpTech)
6470500 · Interest Expense - Massena Lot 20
6470510 - Depreciation Expense - Massena Lot 20
17,887.89
0.00
0.00
17,888.00
Total Expenditure for Massena Lot 20
21,073.97
2,528.00
1,976.14
19,733.00
34,499.01
41,603.00
27,444.34
24,398.00
2495 · Rental Income - PCP
5,500.00
6,000.00
4,500.00
6,000.00
Total Revenue for Potsdam Commerce Park
5,500.00
6,000.00
4,500.00
6,000.00
210.99
1,500.00
0.00
0.00
3,108.70
3,616.00
0.00
4,175.00
0.00
1,000.00
0.00
0.00
Total Massena Lot 20 Bldg
Potsdam Commerce Park
6497408 · Maint Expense - PCP
6497411 · Insurance Expense - PCP
6497416 · Utilities Expense - PCP
6497499 · Misc Expense - PCP
0.00
500.00
0.00
500.00
6497510 - Depreciation Expense - PCP
22,262.73
0.00
0.00
22,263.00
Total Expenditure for PCP
25,582.42
6,616.00
0.00
26,938.00
Total Potsdam Commerce Park
(20,082.42)
(616.00)
4,500.00
(20,938.00)
2475 · Rental Income - Massena Lot 17
19,781.50
18,995.00
10,881.16
19,500.00
Total Revenue for Massena Lot 17
19,781.50
18,995.00
10,881.16
19,500.00
Massena Lot 17(Media Access)
6480408 · Maint Expense - Massena Lot 17
0.00
0.00
0.00
0.00
6480510 - Depreciation Expense - Massena Lot 17
10,200.00
0.00
0.00
10,200.00
Total Expenditure for Massena Lot 17
10,200.00
0.00
0.00
10,200.00
9,581.50
18,995.00
10,881.16
9,300.00
Total Massena Lot 17
Total Building Revenues
203,666.47
193,437.00
137,870.66
184,466.00
Total Building Expenditures
101,324.75
18,283.00
4,751.14
138,172.00
Total Building Net Income
102,341.72
175,154.00
133,119.52
46,294.00
Total Building Depreciation
89,576.27
0.00
0.00
111,502.00
Building Net Income without Depreciation
191,917.99
175,154.00
133,119.52
157,796.00
Miscellaneous Projects
2011 Actual
2012 Budget
YTD 6/30/12
2013 Budget
2474 - Northern Corridor Transportation Group
186.19
20,000.00
0.00
0.00
Total Revenue for Miscellaneous Projects
186.19
20,000.00
0.00
0.00
2,788.73
20,000.00
0.00
0.00
6420607 - Railroad Corridor Expense
14,095.73
13,000.00
2,339.86
0.00
6420608 - Railroad Corridor Maintenance
25,799.27
5,000.00
1,894.74
0.00
3,195.00
66,500.00
64,303.50
0.00
0.00
0.00
0.00
0.00
45,878.73
104,500.00
68,538.10
0.00
(45,692.54)
(84,500.00)
(68,538.10)
0.00
0.00
10,000.00
1,085.01
20,000.00
6420429 · Northern Corridor Transportation Group
6420616 - Canton Ind Park Infra/Eng Svcs Expense
6420618 - Newton Falls Rail Repair
Total Expenditure for Miscellaneous Projects
Total Miscellaneous Projects
CAP Improvement
6475522 - CAP IMP Computer
6475530 - CAP IMP Furnishings
0.00
10,000.00
0.00
25,000.00
Total Capital Improvement Expenditures
0.00
20,000.00
1,085.01
45,000.00
76,473.36
10,000.00
4,000.00
10,000.00
Other Income
2413 · Project Fees
6499 - Miscellaneous Income
Total Other Income
0.00
500.00
0.00
500.00
76,473.36
10,500.00
4,000.00
10,500.00
48,111.71
66,203.00
30,748.93
66,203.00
48,111.71
66,203.00
30,748.93
66,203.00
5,250.96
5,251.00
3,500.64
5,251.00
42,860.75
60,952.00
27,248.29
60,952.00
48,111.71
66,203.00
30,748.93
66,203.00
0.00
0.00
0.00
0.00
Pilot & Maintenance Payments
2420 · Pilot Payment Received
6490613 · PILOT - Tamarack
6490615 · PILOT - Newton Falls
Total Pilot & Maintenance Payments
2011 Actual
IDA General Operating Expenditures
2012 Budget
YTD 6/30/12
2013 Budget
6460408 · Maintenance Expense
82,187.04
83,935.00
62,951.22
15,000.00
6460411 · Insurance Expense
10,055.92
19,446.00
5,772.00
20,500.00
0.00
0.00
0.00
36,000.00
6,781.52
10,000.00
2,389.37
10,000.00
6460421 · Office Equipment Expense
537.49
10,000.00
0.00
5,000.00
6460422 · Equipment Repair Expense
0.00
3,000.00
0.00
2,500.00
6460423 · Telephone Expense
4,173.53
8,800.00
2,930.07
5,000.00
6460424 · Postage Expense
1,362.63
4,000.00
889.05
2,000.00
6460425 · Printing & Copying Expense
2,658.09
5,000.00
900.44
2,500.00
0.00
7,037.00
0.00
10,000.00
6460416 · Utilities Expense
6460420 · Office Supplies Expense
6460426 · Data Processing Expense
6460427 · Professional Associations Expense
1,275.00
2,500.00
1,400.25
2,000.00
6460432 · Other Legal Expense
29,467.32
25,000.00
20,679.79
20,000.00
6460433 · Legal Expense -* Retainer
15,000.00
15,000.00
11,250.00
6,500.00
6,520.00
7,500.00
6,500.00
6,000.00
6460436 · Promotion/Marketing Expense
92,690.84
30,000.00
3,856.38
50,000.00
6460440 · Auto Expense
10,978.87
10,000.00
7,827.79
10,000.00
6460442 · Meeting Expense
1,182.86
5,000.00
836.05
4,000.00
6460443 · Mileage Expense
976.19
2,000.00
986.61
1,000.00
6460444 · Education Workshops Expense
1,750.00
5,000.00
860.00
3,000.00
6460445 · Other Travel Expense
8,213.05
15,000.00
5,689.61
15,000.00
334.55
3,000.00
72.37
2,000.00
6460501 - Interest Expense
12,769.23
0.00
9,669.01
10,150.00
6460510 - Depreciation Expense
12,201.47
0.00
0.00
12,500.00
1,597.08
5,000.00
0.00
0.00
503A - Salaries & Wages
394,612.25
427,492.00
238,034.57
427,492.00
503B - Employee Benefits
101,664.51
138,735.00
131,491.59
138,735.00
503C - Post Employment Benefits Expense
102,460.32
69,213.00
0.00
69,213.00
29,758.77
44,500.00
18,071.74
44,500.00
6460434 · Accounting Expense
6460499 · Miscellaneous Expense
6460502 · Outside Contracted Services
6460503 - Payroll Expenses
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
1,941.60
3,250.00
1,462.17
3,250.00
933,150.13
959,408.00
534,520.08
933,840.00
856,789.43
948,204.00
572,867.16
853,744.00
933,150.13
979,408.00
535,605.09
978,840.00
(76,360.70)
(31,204.00)
37,262.07
(125,096.00)
76,473.36
10,500.00
4,000.00
10,500.00
112.66
(20,704.00)
41,262.07
(114,596.00)
1,128,577.98
1,147,690.00
680,905.33
1,068,619.00
1,128,465.32
1,168,394.00
639,643.26
1,183,215.00
112.66
(20,704.00)
41,262.07
(114,596.00)
Total Depreciation
101,777.74
0.00
0.00
124,002.00
Net Income without Depreciation
101,890.40
(20,704.00)
41,262.07
9,406.00