ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
Resolution No. IDA-15-09-26
September 24, 2015
ACCEPTING FY2016 TENTATIVE BUDGET
WHEREAS, the St. Lawrence County Industrial Development Agency (the “SLCIDA”) has
caused to be prepared a Fiscal Year 2016 Tentative Budget, and
WHEREAS, the Tentative Budget has been made available to Board members, for review
prior to the September 24, 2015 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
Burke
Hall
LaBaff
McMahon
Staples
Weekes
LaBaff
Hall
AYE
NAY
ABSTAIN
ABSENT
X
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
X
X
/s/
Natalie A. Sweatland
September 24, 2015
St. Lawrence County Industrial Development Agency [FY2016 Tentative Budget]
2014
Actual
OPERATING REVENUE- Other
2400 · Late Fees Received
2409B · Interest Income - Banking
2409L · Interest Income - Lease
2411 · Refund of Prior Years Expenses
2421 · St. Lawrence County Revenue
2422 · IDALDC Administrative Revenue
2423 · GMEDF Administrative Revenue
2425 · Nat’l Grid Marketing Initiative Revenue
2500 · Prepaid Rental Income
2999 · Miscellaneous Income
Total OPERATING REVENUE
2015
Budget
YTD
7/31/2015
2016
Budget
0.00
868.96
13,645.18
0.00
400,000.00
200,000.00
7,200.00
0.00
598.75
240.00
622,552.89
250.00
1,000.00
11,500.00
0.00
400,000.00
200,000.00
7,200.00
0.00
0.00
250.00
620,200.00
0.00
379.13
6,132.31
0.00
300,000.00
100,000.00
7,200.00
0.00
0.00
0.00
413,711.44
250.00
720.00
9,500.00
0.00
400,000.00
200,000.00
7,200.00
25,000.00
0.00
250.00
642,920.00
Canton Industrial Building - CIB (SL Brewery)
2450 · Rental Income - CIB
Total Revenue for CIB
24,798.26
24,798.26
33,111.00
33,111.00
16,555.44
16,555.44
33,111.00
33,111.00
6455408 · Maintenance Expense - CIB
6455411 · Insurance Expense - CIB
6455416 · Utilities Expense - CIB
6455500 · Interest Expense - CIB
6455510 · Depreciation Expense - CIB
Total Expenditure for CIB
2,584.31
1,866.81
1,810.85
776.71
53,989.60
61,028.28
12,500.00
4,650.00
1,000.00
13,016.00
50,621.00
81,787.00
70.00
2,913.67
0.00
5,216.51
0.00
8,200.18
2,500.00
5,257.00
2,000.00
9,877.00
50,621.00
70,255.00
(36,230.02)
(48,676.00)
8,355.26
(37,144.00)
0.00
548.90
0.00
548.90
500.00
600.00
250.00
1,350.00
0.00
599.48
722.50
1,321.98
500.00
1,263.00
250.00
2,013.00
(548.90)
(1,350.00)
(1,321.98)
(2,013.00)
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
St. Lawrence County Industrial Development Agency [FY2016 Tentative Budget]
2014
Actual
1st Gouverneur Industrial Park (Kinney’s Lease completed)
2454 · Rental Income - 1GIB
0.00
Total Revenue for 1GIB
0.00
2015
Budget
YTD
7/31/2015
2016
Budget
0.00
0.00
0.00
0.00
0.00
0.00
6485510 · Depreciation Expense · 1GIB
Total Expenditure for 1GIB
2,467.20
2,467.20
0.00
0.00
0.00
0.00
0.00
0.00
Total 1st Gouverneur Industrial Park
(2,467.20)
0.00
0.00
0.00
Gouverneur Industrial Park
6486408 · Maintenance Expense - GIP
6486411 · Insurance Expense - GIP
6486499 · Miscellaneous Expense - GIP
Total Expenditure for GIP
920.00
28.64
0.00
948.64
1,000.00
100.00
250.00
1,350.00
470.00
31.36
0.00
501.36
1,000.00
66.00
250.00
1,316.00
(948.64)
(1,350.00)
(501.36)
(1,316.00)
Massena Lot 20 Building (OpTech)
2490 · Rental Income - Massena Lot 20 Bldg
Total Revenue for Massena Lot 20
35,916.48
35,916.48
34,920.00
34,920.00
20,071.14
20,071.14
35,780.00
35,780.00
6470500 · Interest Expense - Massena Lot 20 Bldg
6470510 · Depreciation Expense · Massena Lot 20 Bldg
Total Expenditure for Massena Lot 20
1,193.99
17,887.89
19,081.88
405.00
17,888.00
18,293.00
264.50
0.00
264.50
0.00
17,888.00
17,888.00
Total Massena Lot 20 Bldg
16,834.60
16,627.00
19,806.64
17,892.00
Potsdam Commerce Park (Clarkson)
2495 · Rental Income - PCP Bldg
Total Revenue for Potsdam Commerce Park
24,902.54
24,902.54
23,985.00
23,985.00
15,391.25
15,391.25
16,800.00
16,800.00
6497408 · Maintenance Expense - PCP Bldg
6497411 · Insurance Expense - PCP Bldg
6497499 · Misc. Expense - PCP Bldg
6497510 · Depreciation Expense - PCP Bldg
Total Expenditure for PCP
1,216.00
1,102.44
0.00
22,262.73
24,581.17
500.00
3,300.00
500.00
22,263.00
26,563.00
415.47
1,799.89
0.00
0.00
2,215.36
500.00
3,191.00
500.00
22,263.00
26,454.00
321.37
(2,578.00)
13,175.89
(9,654.00)
Total Gouverneur Industrial Park
Total Potsdam Commerce Park
St. Lawrence County Industrial Development Agency [FY2016 Tentative Budget]
Massena Lot 17 (NY Power Tools)
2475 · Rental Income - Massena Lot 17 Bldg
Total Revenue for Massena Lot 17
2014
Actual
22,800.00
22,800.00
2015
Budget
22,800.00
22,800.00
YTD
7/31/2015
13,300.00
13,300.00
2016
Budget
22,800.00
22,800.00
6480408 · Maintenance 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
789.09
4,145.34
3,478.54
10,200.00
18,612.97
500.00
2,686.00
2,500.00
10,200.00
15,886.00
322.69
2,685.03
2,248.86
0.00
5,256.58
500.00
4,834.00
3,500.00
10,200.00
19,034.00
4,187.03
6,914.00
8,043.42
3,766.00
Miscellaneous Projects
2405-4 · RBEG North Country Grown Income
2413 · Project Fees
2420 · PILOT Payment Received
2424 · Newton Falls Rail NBRC Revenue
2425 · Nat’l Grid Marketing Initiative Revenue
2499 · Canton Industrial Park Revenue
2455 · Newton Falls Rail Rehab Revenue
2456 · HAB Grant Revenue
6499 · Miscellaneous Income
Total Revenue for Miscellaneous Projects
8,547.00
0.00
138,804.07
10,000.00
5,250.96
5,251.00
0.00
0.00
0.00
25,000.00
0.00
470,000.00
386,709.66
913,500.00
4,962.00
0.00
0.00
500.00
544,273.69 1,424,251.00
0.00
24,000.00
3,063.06
0.00
0.00
0.00
746,980.85
0.00
0.00
774,043.91
0.00
10,000.00
5,251.00
235,000.00
0.00
0.00
6,937,600.00
0.00
500.00
7,188,351.00
6420430 · HAB Grant Expense
6420431 · Nat’l Grid Marketing Initiative Expense
6420434 · Accounting Expense – Misc. Projects
6420501 · Railroad Interest Expense
6490613 · PILOT - Tamarack
6420617 · Newton Falls Rail Rehab Expense
6420618 · Newton Falls Rail NBRC Expense
6420619 · Massena Lot 17 Improvements
6475515 · Capital Expense - Vehicle
Total Expenditure for Miscellaneous Projects
4,962.00
0.00
0.00
0.00
5,250.96
686,137.35
0.00
0.00
0.00
696,350.31
0.00
25,000.00
4,500.00
15,000.00
5,251.00
913,500.00
0.00
20,000.00
0.00
983,251.00
0.00
0.00
3,600.00
0.00
3,063.06
171,895.59
0.00
0.00
0.00
178,558.65
0.00
0.00
2,000.00
50,000.00
5,251.00
8,672,000.00
235,000.00
0.00
30,000.00
8,994,251.00
(152,076.62)
441,000.00
595,485.26
(1,805,900.00)
Total Massena Lot 17
Total Miscellaneous Projects
St. Lawrence County Industrial Development Agency [FY2016 Tentative Budget]
IDA General Operating Expenditures
6460408 · Maintenance Expense
6460411 · Insurance Expense
6460416 · Utilities Expense
6460418 · Underwriting/Credit Report 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
6460441 · Subscriptions & Periodicals
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
6460600 · Loss on Disposal of Fixed Asset
Total IDA General Operating Expenditures
2014
Actual
3,139.00
7,102.05
5,432.53
0.00
3,861.36
4,023.00
0.00
6,483.68
1,410.89
884.84
4,195.40
1,945.00
6,388.63
6,500.00
5,850.00
43,525.12
5,300.56
455.20
514.56
2,170.67
1,931.44
12,581.98
214.40
8,460.55
2015
Budget
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
2,500.00
10,000.00
7,000.00
6,000.00
25,000.00
4,000.00
500.00
1,000.00
2,500.00
3,000.00
15,000.00
500.00
7,248.00
YTD
7/31/2015
2,357.20
3,179.18
4,048.80
0.00
1,164.88
564.23
0.00
3,831.50
460.27
0.00
2,203.68
2,119.17
132.00
3,500.00
5,850.00
46,368.29
1,120.81
347.80
362.21
523.19
2,475.00
5,049.39
283.58
3,766.29
2016
Budget
4,000.00
12,000.00
6,000.00
250.00
5,000.00
5,000.00
2,500.00
6,000.00
1,800.00
1,500.00
5,000.00
2,500.00
10,000.00
6,500.00
5,700.00
50,000.00
4,000.00
500.00
1,000.00
2,500.00
3,000.00
10,000.00
500.00
5,747.00
426,104.15
172,655.27
139,256.77
30,278.23
3,077.33
4,431.46
212,471.41
1,120,645.48
426,430.00
196,745.00
121,986.00
32,010.00
2,400.00
3,754.00
0.00
918,623.00
218,087.13
126,235.84
0.00
15,491.51
1,844.79
0.00
0.00
451,366.74
424,595.00
173,276.00
140,500.00
32,000.00
3,500.00
4,410.00
0.00
929,278.00
Total Revenue 1,275,243.86 2,159,267.00 1,253,073.18
7,939,762.00
Total Expenditures 1,944,264.83 2,047,103.00
647,685.35 10,060,489.00
Net Income (669,020.97)
112,164.00
605,387.83 (2,019,755.00)