ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
Resolution No. IDA-14-09-22
September 25, 2014
ACCEPTING FY2015 TENTATIVE BUDGET
WHEREAS, the St. Lawrence County Industrial Development Agency (the “SLCIDA”) has
caused to be prepared a Fiscal Year 2015 Tentative Budget, and
WHEREAS, the Tentative Budget has been made available to Board members, for review
prior to the September 25, 2014 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
NAY
ABSTAIN
ABSENT
X
I HEREBY CERTIFY that I have compared this copy of this
Resolution with the original record in this office, and that the
same is a correct transcript thereof and of the whole of said
original record.
X
X
X
/s/
X
X
Natalie A. Sweatland
September 25, 2014
St. Lawrence County Industrial Development Agency [FY2015 Tentative Budget]
2013
Actual
OPERATING REVENUE- Other
2400 · Late Fees Received
2409B · Interest Income - Banking
2409L · Interest Income - Loans
2411 · Refund of Prior year’s Expenses
2421 · St. Lawrence County Revenue
2422 · IDALDC Administrative Revenue
2423 · GMEDF Administrative Revenue
2425 · NG Marketing Initiative Revenue
2505 · Gain on Sale of Asset
2601 · Grant Income NYSERDA
2999 · Miscellaneous Income
Total OPERATING REVENUE
2014
Budget
YTD
7/31/2014
2015
Budget
118.58
3,118.35
17,320.61
17,250.00
400,000.00
200,000.00
7,200.00
0.00
451,748.86
3,022.50
0.00
1,099,778.90
250.00
2,700.00
21,000.00
0.00
400,000.00
200,000.00
7,200.00
0.00
0.00
0.00
250.00
631,400.00
0.00
492.66
11,125.85
0.00
300,000.00
100,000.00
0.00
0.00
0.00
0.00
240.00
411,858.51
250.00
2,000.00
11,500.00
0.00
400,000.00
200,000.00
7,200.00
25,000.00
0.00
0.00
250.00
646,200.00
Canton Industrial Building - CIB (SL Brewery)
2450 · Rental Income - CIB
Total Revenue for CIB
20,443.77
20,443.77
28,944.00
28,944.00
13,761.20
13,761.20
33,110.88
33,110.88
6455408 · Maintenance Expense - CIB
6455411 · Insurance Expense - CIB
6455416 · Utilities Expense - CIB
6455500 · Interest Expense - CIB
6455510 · Depreciation Expense - CIB
Total Expenditure for CIB
5,413.02
6,421.99
3,759.52
0.00
52,585.85
68,180.38
5,000.00
4,650.00
0.00
10,255.00
50,621.00
70,526.00
132.00
0.00
0.00
0.00
0.00
132.00
2,500.00
4,650.00
1,000.00
13,016.00
50,621.00
71,787.00
(47,736.61)
(41,582.00)
13,629.20
(38,676.12)
0.00
1,261.00
0.00
1,261.00
5,000.00
100.00
0.00
5,100.00
0.00
0.00
0.00
0.00
500.00
100.00
250.00
850.00
(1,261.00)
(5,100.00)
0.00
(850.00)
2,550.00
66.00
0.00
2,616.00
2,500.00
100.00
250.00
2,850.00
0.00
0.00
0.00
0.00
500.00
100.00
250.00
850.00
Total Gouverneur Industrial Park
(2,616.00)
(2,850.00)
0.00
(850.00)
Massena Lot 20 Building (OpTech)
2490 · Rental Income - Massena Lot 20 Bldg
Total Revenue for Massena Lot 20
48,549.57
48,549.57
33,821.00
33,821.00
19,189.75
19,189.75
34,920.00
34,920.00
6470500 · Interest Expense - Massena Lot 20 Bldg
6470510 · Depreciation Expense · Massena Lot 20 Bldg
Total Expenditure for Massena Lot 20
1,960.94
17,887.89
19,848.83
1,133.00
17,888.00
19,021.00
748.31
0.00
748.31
405.00
17,888.00
18,293.00
Total Massena Lot 20 Bldg
28,700.74
14,800.00
18,441.44
16,627.00
Total Canton Industrial Building
Canton Industrial Park
6456408 · Maintenance Expense - CIP
6456411 · Insurance Expense - CIP
6456499 · Miscellaneous Expense - CIP
Total Expenditure for CIP
Total Canton Industrial Park
Gouverneur Industrial Park
6486408 · Maintenance Expense - GIP
6486411 · Insurance Expense - GIP
6486499 · Miscellaneous Expense - GIP
Total Expenditure for GIP
St. Lawrence County Industrial Development Agency [FY2015 Tentative Budget]
2013
Actual
Potsdam Commerce Park (Clarkson, Church&State)
2495 · Rental Income - PCP Bldg
Total Revenue for Potsdam Commerce Park
2014
Budget
YTD
7/31/2014
2015
Budget
7,300.00
7,300.00
13,200.00
13,200.00
19,916.08
19,916.08
23,985.00
23,985.00
200.00
3,116.40
10.13
22,262.73
25,589.26
1,000.00
3,300.00
500.00
22,263.00
27,063.00
1,216.00
0.00
0.00
0.00
1,216.00
500.00
3,300.00
500.00
22,263.00
26,563.00
(18,289.26)
(13,863.00)
18,700.08
(2,578.00)
6,237.68
6,237.68
19,723.00
19,723.00
13,160.06
13,160.06
22,800.00
22,800.00
6480408 · Maint Expense - Massena Lot 17 Bldg
6480411 · Insurance Expense - Massena Lot 17 Bldg
6480416 · Utilities Expense - Massena Lot 17 Bldg
6480510 · Depreciation Expense · Massena Lot 17 Bldg
Total Expenditure for Massena Lot 17
0.00
0.00
0.00
10,200.00
10,200.00
500.00
2,435.00
3,000.00
10,200.00
16,135.00
269.10
2,434.55
2,734.56
0.00
5,438.21
500.00
2,435.00
100.00
10,200.00
13,235.00
Total Massena Lot 17
Miscellaneous Projects
2425 · National Grid Marketing Revenue
2499 · Canton Industrial Park Revenue
2455 · NF Rail Rehab Revenue
2456 · HAB Grant Revenue
Total Revenue for Miscellaneous Projects
(3,962.32)
3,588.00
7,721.85
9,565.00
0.00
0.00
0.00
0.00
0.00
0.00
470,000.00
1,000,000.00
4,962.00
1,474,962.00
0.00
0.00
0.00
3,500.00
3,500.00
25,000.00
470,000.00
913,500.00
0.00
1,408,500.00
0.00
0.00
4,471.81
345,237.34
349,709.15
4,962.00
15,000.00
250,000.00
1,000,000.00
1,269,962.00
4,962.00
0.00
11,969.00
111,364.18
128,295.18
0.00
15,000.00
0.00
913,500.00
928,500.00
(349,709.15)
205,000.00
(124,795.18)
480,000.00
0.00
0.00
0.00
10,000.00
10,000.00
20,000.00
891.20
0.00
891.20
0.00
0.00
0.00
80,285.00
519.60
80,804.60
10,000.00
500.00
10,500.00
51,304.07
0.00
51,304.07
10,000.00
500.00
10,500.00
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
Massena Lot 17 (NY Power Tools)
2475 · Rental Income - Massena Lot 17 Bldg
Total Revenue for Massena Lot 17
6420430 · HAB Grant Expense
6420501 · Railroad Interest Expense
6420616 · Canton Ind Park Imp Expense
6420617 · NF Rail Rehab Expense
Total Expenditure for Miscellaneous Projects
Total Miscellaneous Projects
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
St. Lawrence County Industrial Development Agency [FY2015 Tentative Budget]
2013
Actual
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
6460418 · Underwriting/Credit Report Exp
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 Revenue
Total Expenditures
Net Income
2014
Budget
YTD
7/31/2014
2015
Budget
35,908.76
35,908.76
5,251.00
5,251.00
3,063.06
3,063.06
5,251.00
5,251.00
5,250.96
30,657.80
35,908.76
5,251.00
0.00
5,251.00
3,063.06
0.00
3,063.06
5,251.00
0.00
5,251.00
0.00
0.00
0.00
0.00
2,213.03
8,235.30
3,162.18
0.00
7,878.67
14,415.33
930.00
6,096.24
992.67
1,220.01
5,165.03
750.00
17,869.70
6,450.00
5,850.00
28,727.12
4,702.36
1,046.28
1,156.06
2,655.00
6,068.29
441.38
10,869.73
2,000.00
12,000.00
10,000.00
0.00
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
2,497.41
1,655.00
4,739.92
0.00
1,874.60
2,996.33
0.00
3,765.53
969.54
650.88
2,954.25
1,910.00
351.75
3,250.00
5,850.00
65,684.10
3,352.73
481.76
1,510.65
58.75
10,578.61
10,186.40
5,247.29
2,000.00
12,000.00
7,500.00
250.00
5,000.00
5,000.00
2,500.00
6,000.00
1,800.00
1,500.00
7,500.00
2,000.00
10,000.00
6,500.00
6,000.00
50,000.00
4,000.00
1,000.00
2,500.00
3,000.00
15,000.00
500.00
7,248.00
411,971.88
182,052.37
114,135.00
29,503.38
2,657.59
3,960.56
881,175.16
426,430.00
196,745.00
125,550.00
32,010.00
2,400.00
9,000.00
974,333.00
244,621.84
135,695.27
0.00
17,382.57
1,891.68
0.00
530,156.86
426,430.00
196,745.00
121,986.00
32,010.00
2,400.00
3,754.00
942,123.00
1,299,023.28
1,394,488.54
(95,465.26)
2,217,801.00
2,410,241.00
(192,440.00)
535,752.73
669,940.82
(134,188.09)
2,185,266.88
2,007,452.00
177,814.88