ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
Resolution No. IDA-13-10-23
October 2, 2013
ACCEPTING FY2014 TENTATIVE BUDGET
WHEREAS, the St. Lawrence County Industrial Development Agency (the “SLCIDA”)
has caused to be prepared a Fiscal Year 2014 Tentative Budget, and
WHEREAS, the Tentative Budget has been made available to Board members, for
review prior to the October 2, 2013 meeting,
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 shall cause to have copies of the
Tentative Budget forwarded 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
Peck
Weekes
AYE
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
/
Natalie A. Sweatland
October 2, 2013
2012
Actual
OPERATING REVENUE- Other
2400 · Late Fees Received
2405 · Grant Income RBEG
2409B · Interest Income - Banking
2409L · Interest Income - Loans
2411 - Refund of Prior years Expenses
2421 - St. Lawrence County Revenue
2422 - IDALDC Administrative Revenue
2423 - GMEDF Administrative Revenue
2504 - CDC Project Revenue
2555 - Gift Income (CIP)
Total OPERATING REVENUE
2013
Budget
YTD
7/31/13
2014
Budget
0.00
5,335.68
6,593.81
21,553.93
0.00
425,000.00
200,000.00
7,200.00
270,468.75
166,250.00
1,102,402.17
250.00
0.00
6,800.00
10,800.00
0.00
400,000.00
200,000.00
7,200.00
0.00
0.00
625,050.00
118.58
0.00
1,793.40
11,529.17
17,250.00
300,000.00
100,000.00
0.00
0.00
0.00
430,691.15
250.00
0.00
2,700.00
21,000.00
0.00
400,000.00
200,000.00
7,200.00
0.00
0.00
631,150.00
3rd Massena Industrial Bldg (Marimac Lease Purchase)
2465 · Rental Income - 3MIB
Total Revenue for 3MIB
42,425.94
42,425.94
43,718.00
43,718.00
25,310.89
25,310.89
0.00
0.00
6498510 Depreciation Expense 3MIB
Total Expenditure for 3MIB
13,132.27
13,132.27
13,132.00
13,132.00
0.00
0.00
0.00
0.00
Total 3rd Massena Industrial Bldg
29,293.67
30,586.00
25,310.89
0.00
0.00
0.00
18,500.00
18,500.00
9,792.00
9,792.00
28,944.00
28,944.00
30.00
1,285.00
0.00
0.00
1,315.00
0.00
5,000.00
12,650.00
30,000.00
47,650.00
0.00
0.00
0.00
0.00
0.00
5,000.00
2,700.00
10,255.00
50,621.00
68,576.00
(1,315.00)
(29,150.00)
9,792.00
(39,632.00)
Canton Industrial Park
6456408 · Maintenance Expense - CIP
6456411 · Insurance Expense - CIP
6456499 · Miscellaneous Expense - CIP
Total Expenditure for CIP
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
5,000.00
0.00
0.00
5,000.00
Total Canton Industrial Park
0.00
0.00
0.00
(5,000.00)
Technology Development Ctr. (CPH Lease Purchase)
2425 · Rental Income - TDC Bldg
Total Revenue for TDC
70,890.48
70,890.48
41,300.00
41,300.00
35,445.24
35,445.24
0.00
0.00
6495411 Insurance Expense - TDC Bldg
6495510 Depreciation Expense - TDC Bldg
Total Expenditure for TDC
3,968.11
15,271.19
19,239.30
0.00
8,150.00
8,150.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Technology Development Ctr.
51,651.18
33,150.00
35,445.24
0.00
Canton Industrial Building - CIB(SL Brewery)
2450 · Rental Income - CIB
Total Revenue for CIB
6455408 · Maintenance Expense - CIB
6455411 · Insurance Expense - CIB
6455500 · Interest Expense - CIB
6455510 Depreciation Expense - CIB
Total Expenditure for CIB
Total Canton Industrial Building
2012
Actual
2013
Budget
YTD
7/31/13
10,980.40
10,980.40
11,317.00
11,317.00
6,560.60
6,560.60
2,859.00
2,859.00
6485510 Depreciation Expense - 1GIB
Total Expenditure for 1GIB
9,868.74
9,868.74
9,869.00
9,869.00
0.00
0.00
2,468.00
2,468.00
Total 1st Gouverneur Industrial Building
1,111.66
1,448.00
6,560.60
391.00
Gouverneur Industrial Park
6486408 · Maintenance Expense - GIP
6486411 · Insurance Expense - GIP
6486499 · Miscellaneous Expense - GIP
Total Expenditure for GIP
5,285.00
68.00
0.00
5,353.00
2,000.00
250.00
250.00
2,500.00
1,700.00
0.00
0.00
1,700.00
2,500.00
275.00
250.00
3,025.00
Total Gouverneur Industrial Park
(5,353.00)
(2,500.00)
(1,700.00)
(3,025.00)
Massena Lot 20 Building (OpTech)
2490 · Rental Income - Massena Lot 20 Bldg
Total Revenue for Massena Lot 20
44,130.72
44,130.72
44,131.00
44,131.00
33,900.34
33,900.34
33,821.00
33,821.00
6470499 · Miscellaneous Expense - Massena Lot 20 Bldg
6470500 · Interest Expense - Massena Lot 20 Bldg
6470510 Depreciation Expense - Massena Lot 20 Bldg
Total Expenditure for Massena Lot 20
16.66
2,527.84
17,887.89
20,432.39
0.00
1,845.00
17,888.00
19,733.00
0.00
1,158.66
0.00
1,158.66
0.00
1,133.00
17,888.00
19,021.00
Total Massena Lot 20 Bldg
23,698.33
24,398.00
32,741.68
14,800.00
6,000.00
6,000.00
6,000.00
6,000.00
3,500.00
3,500.00
13,200.00
13,200.00
1,696.89
3,237.70
0.00
22,262.73
27,197.32
0.00
4,175.00
500.00
22,263.00
26,938.00
0.00
0.00
10.13
0.00
10.13
0.00
4,500.00
500.00
22,263.00
27,263.00
(21,197.32)
(20,938.00)
3,489.87
(14,063.00)
Massena Lot 17(Media Access)
2475 · Rental Income - Massena Lot 17 Bldg
Total Revenue for Massena Lot 17
14,670.57
14,670.57
19,500.00
19,500.00
6,237.68
6,237.68
19,723.00
19,723.00
6480408 · Maint Expense - Massena Lot 17 Bldg
6480510 Depreciation Expense - Massena Lot 17 Bldg
Total Expenditure for Massena Lot 17
0.00
10,200.00
10,200.00
0.00
10,200.00
10,200.00
0.00
0.00
0.00
500.00
10,200.00
10,700.00
4,470.57
9,300.00
6,237.68
9,023.00
1st Gouverneur Industrial Building (Kinney's )
2454· Rental Income - 1GIB
Total Revenue for 1GIB
Potsdam Commerce Park (Clarkson)
2495 · Rental Income - PCP Bldg
Total Revenue for Potsdam Commerce Park
6497408 · Maintenance Expense - PCP Bldg
6497411 · Insurance Expense - PCP Bldg
6497499 · Misc Expense - PCP Bldg
6497510 Depreciation Expense - PCP Bldg
Total Expenditure for PCP
Total Potsdam Commerce Park
Total Massena Lot 17
2014
Budget
2012
Actual
2013
Budget
YTD
7/31/13
2014
Budget
Miscellaneous Projects
2499 Canton Industrial Park Revenue
2455 NF Rail Rehab Revenue
Total Revenue for Miscellaneous Projects
74,148.55
0.00
74,148.55
0.00
0.00
0.00
0.00
0.00
0.00
470,000.00
1,000,000.00
1,470,000.00
6420501 Railroad Interest Expense
6420607 Railroad Corridor Expense
6420608 Railroad Corridor Maintenance
6420616 Canton Ind Park Imp Expense
6420617 NF Rail Rehab Expense
Total Expenditure for Miscellaneous Projects
0.00
15,782.36
1,894.74
74,218.55
0.00
91,895.65
10,400.00
0.00
0.00
0.00
0.00
10,400.00
0.00
0.00
0.00
0.00
0.00
0.00
15,000.00
0.00
0.00
250,000.00
1,000,000.00
1,265,000.00
(17,747.10)
(10,400.00)
0.00
205,000.00
0.00
2,190.95
7,049.97
9,240.92
22,000.00
20,000.00
25,000.00
67,000.00
16,170.00
0.00
3,375.00
19,545.00
0.00
10,000.00
10,000.00
20,000.00
214,885.00
0.00
214,885.00
10,000.00
500.00
10,500.00
3,800.00
0.00
3,800.00
10,000.00
500.00
10,500.00
48,881.21
48,881.21
66,203.00
66,203.00
33,720.86
33,720.86
5,251.00
5,251.00
4,813.38
44,067.83
48,881.21
5,251.00
60,952.00
66,203.00
3,063.06
30,657.80
33,720.86
5,251.00
0.00
5,251.00
0.00
0.00
0.00
0.00
Total Miscellaneous Projects
CAP Improvement
6475515 CAP IMP Vehicles
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
6490613 · PILOT - Tamarack
6490615 · PILOT - Newton Falls
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
Total Depreciation Costs
Net Income without Depreciation
2012
Actual
2013
Budget
YTD
7/31/13
2014
Budget
83,934.96
9,763.05
0.00
4,323.44
888.96
0.00
4,398.51
1,185.04
908.69
6,736.00
1,400.25
49,280.83
11,250.00
6,500.00
34,429.38
12,425.25
1,372.77
1,456.40
860.00
6,258.03
212.75
11,457.73
15,000.00
19,200.00
36,000.00
10,000.00
5,000.00
2,500.00
5,000.00
2,000.00
2,500.00
10,000.00
2,000.00
20,000.00
6,500.00
6,000.00
50,000.00
7,085.00
4,000.00
6,130.00
3,000.00
15,000.00
2,000.00
10,150.00
4,654.30
4,009.21
4,446.59
4,986.91
1,328.67
0.00
3,697.83
632.84
1,030.51
2,498.13
750.00
7,948.45
4,837.50
5,850.00
16,126.86
3,207.70
575.77
397.43
2,490.00
4,723.04
340.38
6,060.22
2,000.00
19,200.00
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
419,762.74
134,956.77
113,249.84
30,616.65
2,452.82
9,736.38
959,817.24
409,100.00
157,500.00
79,500.00
31,400.00
2,000.00
12,500.00
931,065.00
237,624.58
148,568.65
0.00
17,019.48
1,563.21
0.00
485,368.26
426,430.00
196,745.00
84,277.00
32,010.00
2,400.00
9,000.00
940,260.00
1,167,015.16
969,058.16
197,957.00
214,885.00
412,842.00
98,359.20
511,201.20
660,944.00
998,065.00
(337,121.00)
10,500.00
(326,621.00)
124,002.00
(202,619.00)
548,569.11
504,913.26
43,655.85
3,800.00
47,455.85
0.00
47,455.85
803,644.00
960,260.00
(156,616.00)
10,500.00
(146,116.00)
112,440.00
(33,676.00)