Budget Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending Run Date: 04/25/2011 Status: CERTIFIED 12/31/2010 Budget & Financial Plan: Budgeted Revenues, Expenditures, And Changes In Current Net Assets Last Year (Actual) 2008 REVENUE & FINANCIAL SOURCES Operating Revenues Charges for services Rentals & Financing Income Other Operating Revenues Nonoperating Revenues Investment earnings State subsidies / grants Federal subsidies / grants Municipal subsidies / grants Public authority subsidies Other Non-Operating Revenues Proceeds from the issuance of debt Total Revenues & Financing Sources EXPENDITURES Operating Expenditures Salaries and Wages Other Employee Benefits Professional Services Contracts Supplies and Materials Other Operating Expenditures Nonoperating Expenditures Payment of principal on bonds and financing arrangements Interest and other financing charges Subsidies to other public authorities Capital asset outlay Grants and Donations Other Non-Operating Expenditures Total Expenditures Capital Contributions Excess (deficiency) of revenues and capital contributions over expenditures Current Year (Estimated) 2009 Next Year (Adopted) Proposed 2011 2010 Proposed Proposed 2013 2012 $0 $89,300 $98,260 $0 $42,300 $108,300 $0 $1,300 $83,300 $0 $30,000 $85,799 $0 $40,000 $88,372.97 $0 $50,000 $91,024.16 $0 $0 $0 $0 $0 $0 $0 $187,560 $0 $0 $0 $0 $0 $0 $0 $150,600 $0 $0 $0 $0 $0 $0 $0 $84,600 $0 $0 $0 $0 $0 $0 $0 $115,799 $0 $0 $0 $0 $0 $0 $0 $128,372.97 $0 $0 $0 $0 $0 $0 $0 $141,024.16 $0 $0 $7,000 $250 $50,982 $0 $0 $7,000 $250 $163,485 $0 $0 $8,350 $250 $118,358 $0 $0 $8,500 $275 $121,908.74 $0 $0 $9,000 $300 $125,566 $0 $0 $9,500 $325 $129,332.98 $0 $0 $0 $0 $0 $0 $58,232 $0 $129,328 $0 $0 $0 $0 $0 $0 $170,735 $0 ($20,135) $0 $0 $0 $0 $0 $0 $126,958 $0 ($42,358) $0 $0 $0 $0 $0 $0 $130,683.74 $0 ($14,884.74) $0 $0 $0 $0 $0 $0 $134,866 $0 ($6,493.03) $0 $0 $0 $0 $0 $0 $139,157.98 $0 $1,866.18 The authority's budget, as presented to the Board of Directors, is posted on the following website: www.slcida.com Page 1 of 2 Budget Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 04/25/2011 Status: CERTIFIED Additional Comments: Page 2 of 2 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Governance Information (Authority-Related) Question Response URL (if applicable) 1. Has the Authority prepared its annual report on operations and accomplishments for the reporting period as required by section 2800 of PAL? Yes http://www.slcida.com/assets/files/20110128_2010%20Legislative%20Report.pdf 2. As required by section 2800(9) of PAL, did the Authority prepare an assessment of the effectiveness of its internal controls? Yes http://www.slcldc.com/assets/files/2010%20Internal%20Controls%20Assess ment.pdf 3. Has the lead audit partner for the independent audit firm changed in the last five years in accordance with section 2800(4) of PAL? Yes N/A 4. Does the independent auditor provide non-audit services to the Authority? Yes N/A 5. Does the Authority have an organization chart? Yes http://www.slcida.com/assets/files/Organizational%20Chart.pdf 6. Are any Authority staff also employed by another government agency? Yes St. Lawrence County Industrial Development Agency 7. Has the Authority posted their mission statement to their website? Yes http://www.slcldc.com/about-the-slc-ldc/mission-statement.html 8. Has the Authority mission statement been revised and adopted during the reporting period? No N/A 9. Attach the Authoritys measurement report, as required by section 2824-a of Public Authorities Law and provide the URL? htt N/A Page 1 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Governance Information (Board-Related) Question Response URL 1. Has the Board established a Governance Committee in accordance with Section 2824(7) Yes of PAL? N/A 2. Has the Board established an Audit Committee in accordance with Section 2824(4) of PAL? Yes N/A 3. Has the Board established Finance Committee in accordance with Section 2824(8) of PAL? Yes N/A 4. Provide a URL link where a list of Board committees can be found (including the name of the committee and the date established): 5. Does the majority of the Board meet the independence requirements of Section 2825(2) of PAL? http://www.slcldc.com/about-the-slc-ldc/meeting-minutesresolutions/committee-information.html Yes 6. Provide a URL link to the minutes of the Board and committee meetings held during the covered fiscal year N/A http://www.slcldc.com/about-the-slc-ldc/meeting-minutesresolutions.html 7. Has the Board adopted bylaws and made them available to Board members and staff? Yes http://www.slcldc.com/assets/files/Bylaws.pdf 8. Has the Board adopted a code of ethics for Board members and staff? Yes http://www.slcldc.com/assets/files/Code%20of%20Ethics.pdf 9. Does the Board review and monitor the Authority's implementation of financial and management controls? Yes N/A 10. Does the Board execute direct oversight of the CEO and management in accordance with Section 2824(1) of PAL? Yes N/A Salary and Compensation Yes N/A Time and Attendance Yes N/A Whistleblower Protection Yes N/A Defense and Indemnification of Board Members Yes N/A 12. Has the Board adopted a policy prohibiting the extension of credit to Board members Yes and staff in accordance with Section 2824(5) of PAL? N/A 13. Are the Authority's Board members, officers, and staff required to submit financial Yes disclosure forms in accordance with Section 2825(3) of PAL? N/A 14. Was a performance evaluation of the board completed? Yes N/A 15. Was compensation paid by the Authority made in accordance with employee or union contracts? Yes N/A 16. Has the board adopted a conditional/additional compensation policy governing all employees? Yes http://www.slcldc.com/assets/files/Compensation,%20Reimburs ement%20and%20Attendance%20Policy.pdf 11. Has the Board adopted policies for the following in accordance with Section 2824(1) of PAL? 17. Has the board adopted a Uniform Tax Excemption Policy(UTEP) according to Section 874(4) of GML? http://www.slcldc.com/assets/files/Compensation,%20Reimburs ement%20and%20Attendance%20Policy.pdf Page 2 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Board of Directors Listing Hall, Mark Name Chair of Board No If yes, Chairman Designated by McMahon, Andrew J Name Chair of Board No If yes, Chairman Designated by Term Start Date 01/01/2010 Term Start Date 08/06/2007 Term Expiration Date 01/01/2013 Term Expiration Date 08/31/2013 Title Title Has the Board member appointed a designee? Has the Board member appointed a designee? Appointed By(Name of Exofficio Board member) No Appointed By(Name of Exofficio Board member) No Nominated Other Nominated Local Local Appointed By By Appointed By Confirmed by Senate By Local Confirmed by Senate Has the board member/designee signed the acknowledgement of fuduciary duty? Yes Has the board member/designee signed the acknowledgement of fuduciary duty? Yes Complied with Training requirement of Section 2824 ? Yes Complied with Training requirement of Section 2824 ? Yes Does the board member/designee also hold an elected or appointed state gove No Does the board member/designee also hold an elected or appointed state gove No Does the board member/designee also hold an elected or appointed municipal government Position? Yes Does the board member/designee also hold an elected or appointed municipal government Position? No Page 3 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Board of Directors Listing Weekes, R. Joseph Name Chair of Board No If yes, Chairman Designated by Peck, Donald Name Chair of Board No If yes, Chairman Designated by Term Start Date 07/31/2009 Term Start Date 09/28/2010 Term Expiration Date 07/31/2012 Term Expiration Date Pleasure of Authority Title Title Has the Board member appointed a designee? Has the Board member appointed a designee? Appointed By(Name of Exofficio Board member) No Appointed By(Name of Exofficio Board member) No Nominated Local Nominated Local Local Appointed By By Appointed By By Local Confirmed by Senate Confirmed by Senate Has the board member/designee signed the acknowledgement of fuduciary duty? Has the board member/designee signed the acknowledgement of fuduciary duty? Yes Complied with Training requirement of Section 2824 ? Yes Complied with Training requirement of Section 2824 ? No Does the board member/designee also hold an elected or appointed state gove No Does the board member/designee also hold an elected or appointed state gove No Does the board member/designee also hold an elected or appointed municipal government Position? No Does the board member/designee also hold an elected or appointed municipal government Position? Yes Page 4 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Board of Directors Listing Blevins, Lynn Name Chair of Board No If yes, Chairman Designated by LaBaff, Ernest Name Chair of Board No If yes, Chairman Designated by Term Start Date 06/01/2009 Term Start Date 06/02/2008 Term Expiration Date 06/01/2012 Term Expiration Date 06/02/2011 Title Title Has the Board member appointed a designee? Has the Board member appointed a designee? Appointed By(Name of Exofficio Board member) No Appointed By(Name of Exofficio Board member) No Nominated Local Nominated Local Local Appointed By By Appointed By By Confirmed by Senate Confirmed by Senate Has the board member/designee signed the acknowledgement of fuduciary duty? Has the board member/designee signed the acknowledgement of fuduciary duty? Local Complied with Training requirement of Section 2824 ? Yes Complied with Training requirement of Section 2824 ? Yes Does the board member/designee also hold an elected or appointed state gove No Does the board member/designee also hold an elected or appointed state gove No Does the board member/designee also hold an elected or appointed municipal government Position? No Does the board member/designee also hold an elected or appointed municipal government Position? No Page 5 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Board of Directors Listing Staples, Brian W Name Chair of Board Yes If yes, Chairman Designated by Elected by Board Term Start Date 08/06/2007 Term Expiration Date 08/06/2010 Title Has the Board member appointed a designee? Appointed By(Name of Exofficio Board member) No Nominated Local By Appointed By Local Confirmed by Senate Has the board member/designee signed the acknowledgement of fuduciary duty? Complied with Training requirement of Section 2824 ? Yes Does the board member/designee also hold an elected or appointed state gove No Does the board member/designee also hold an elected or appointed municipal government Position? No Page 6 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Staff Listing Name Title Group Department / Subsidiary Union Name Bargaining Unit Local FT 1000, Unit 8400 Local FT 1000 Unit 8400 Ball, Amber Keyboard Specialist Administrative and Clerical CSEA Brander, Linda Account Clerk Administrative and Clerical CSEA Fountain, Chief Raymond H Executive Officer Gilbert, Chief Kimberly Financial Officer A Jobin, Norman Account Clerk Full Exempt Base Time/ Indi- Annualized Part cator Salary Time Actual salary paid to the Individual Over time paid by Authority Performance Bonus Extra Pay Other Compensa tion/Allo wances/Ad justments Total Compens -ation Individual also paid by another entity to perform the work of the authority If yes Is payment made by state or local government No 26,312.52 1,004 0 0 0 0 1,004 Yes Yes No 33,645.00 2,524 0 0 0 0 2,524 Yes Yes Executive FT Yes 94,929.90 10,497.39 0 0 0 0 10,497.39 Yes Yes Executive FT Yes 57,432.00 5,109 0 0 0 0 5,109 Yes Yes No 33,645.00 2,524 0 0 0 0 2,524 Yes Yes Administrative and Clerical CSEA Local FT 1000 Unit 8400 Deputy Kelly, Patrick J Chief Executive Officer Business Norton, Developmen Brian K t Specialist Rodriguez Business , Leigh B Developmen t Specialist Sweatland Administra , Natalie tive Assistant A Executive FT Yes 75,387.69 0 0 0 0 0 0 Yes Yes Professional FT Yes 51,670.00 3,672 0 0 0 0 3,672 Yes Yes Professional FT Yes 49,536.00 0 0 0 0 0 0 Yes Yes Administrative and Clerical FT Yes 54,858.00 1,585 0 0 0 0 1,585 Yes Yes Williams, Facilities Richard A Management Specialist Technical and Engineering FT Yes 45,819.00 0 0 0 0 0 0 Yes Yes Page 7 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Benefit Information During the fiscal year, did the authority continue to pay for any of the above mentioned benefits for No Board Members Name Title Staples, Brian W LaBaff, Ernest Blevins, Lynn McMahon, Andrew J Weekes, R. Joseph Hall, Mark Board of Directors Board of Directors Board of Directors Board of Directors Board of Directors Board of Directors Board of Directors Peck, Donald Severance Package Payment for Unused Leave Club Membership Use of Corporate Credit Cards Personal Loans Auto Transportation Housing Allowance Spousal / Dependent Life Insurance Tuition Assistance MultiYear Employment None of These Benefits Other X X X X X X X Staff Name Title Severance Package Payment for Unused Leave Club Membership Use of Corporate Credit Cards Personal Loans Auto Transportation Housing Allowance Spousal / Dependent Life Insurance Tuition Assistance MultiYear Employment None of These Benefits Other No Data has been entered by the Authority for this section in PARIS Page 8 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Subsidiary/Affiliate Verification Is the list of subsidiaries, as assembled by the Office of the State Comptroller, correct? Yes Are there other affiliates or subsidiaries of the authority that are active, not included in the PARIS reports submitted by this authorit Yes Name of Subsidiary/Affilliate Status Requested Changes Subsidiary/Affiliate Creation Name of Subsidiary/Affilliate Establishment Date Entity Purpose Subsidiary/Affiliate Termination Name of Subsidiary/Affilliate Termination Date Termination Reason Proof Termination No Data has been entered by the Authority for this section in PARIS Page 9 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Summary Financial Information SUMMARY STATEMENT OF NET ASSETS Assets Current Assets Cash and cash equivalents $855,323 Investments $0 Receivables, net $382,180 Other assets $0 Total Current Assets $1,237,503 Noncurrent Assets Restricted cash and investments $1,439,737 Long-term receivables, net $0 Other assets $625,572 Capital Assets Land and other nondepreciable property $0 Buildings and equipment $0 Infrastructure $0 Accumulated depreciation $0 Net Capital Assets $0 Total Noncurrent Assets Total Assets $2,065,309 $3,302,812 Page 10 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Summary Financial Information SUMMARY STATEMENT OF NET ASSETS Liabilities Current Liabilities Accounts payable $677 Pension contribution payable $0 Other post-employment benefits $0 Accrued liabilities $757 Deferred revenues $0 Bonds and notes payable $0 Other long-term obligations due within one year $0 Total Current Liabilities $1,434 Noncurrent Liabilities Pension contribution payable $0 Other post-employment benefits $0 Bonds and notes payable $0 Long Term Leases $0 Other long-term obligations $0 Total Noncurrent Liabilities $0 Total Liabilities $1,434 Net Asset (Deficit) Net Asset Invested in capital assets, net of related debt $0 Restricted $3,145,266 Unrestricted $156,112 Total Net Assets $3,301,378 Page 11 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Summary Financial Information SUMMARY STATEMENT OF REVENUE, EXPENSES AND CHANGES IN NET ASSETS Operating Revenues Charges for services $155,400 Rental & financing income $0 Other operating revenues $112,688 Total Operating Revenue $268,088 Operating Expenses Salaries and wages $7,643 Other employee benefits $1,855 Professional services contracts $0 Supplies and materials $0 Depreciation & amortization $15,297 Other operating expenses $53,969 Total Operating Expenses $78,764 Operating Income (Loss) $189,324 Nonoperating Revenues Investment earnings $0 State subsidies/grants $0 Federal subsidies/grants $0 Municipal subsidies/grants $0 Public authority subsidies $0 Other nonoperating revenues $0 Total Nonoperating Revenue $0 Page 12 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Summary Financial Information SUMMARY STATEMENT OF REVENUE, EXPENSES AND CHANGES IN NET ASSETS Nonoperating Expenses Interest and other financing charges $0 Subsidies to other public authorities $0 Grants and donations $0 Other nonoperating expenses $0 Total Nonoperating Expenses $0 Income (Loss) Before Contributions $189,324 Capital Contributions $0 Change in net assets $189,324 Net assets (deficit) beginning of year $3,094,619 Other net assets changes $17,435 Net assets (deficit) at end of year $3,301,378 Page 13 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Current Debt Question Response 1. Did the Authority have any outstanding debt, including conduit debt, at any point during the reporting period? No 2. If yes, has the Authority issued any debt during the reporting period? New Debt Issuances List by Type of Debt and Program No Data has been entered by the Authority for this section in PARIS Page 14 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Schedule of Authority Debt Type of Debt Statutory Authorization ($) Outstanding Start of Fiscal year ($) New Debt Issuances ($) Debt Retired ($) Outstanding End of Fiscal Year ($) State Obligation State Guaranteed State Supported State Contingent Obligation State Moral Obligation Other State Funded Authority Obligation General Obligation Revenue Other Non-State Funded Conduit Conduit Debt Conduit Debt - Pilot Increment Financing Page 15 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Real Property Acquisition/Disposal List No Data has been entered by the Authority for this section in PARIS This Authority has indicated that it had no real property acquisitions or disposals during the reporting period. Page 16 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Personal Property This Authority has indicated that it had no personal property disposals during the reporting period. No Data has been entered by the Authority for this section in PARIS Page 17 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Property Documents Question 1. In accordance with Section 2896(3) of PAL, the Authority is required to prepare a report at least annually of all real property of the Authority. Has this report been prepared? 2. Has the Authority prepared policies, procedures, or guidelines regarding the use, awarding, monitoring, and reporting of contracts for the acquisition and disposal of property? 3. In accordance with Section 2896(1) of PAL, has the Authority named a contracting officer who shall be responsible for the Authority's compliance with and enforcement of such guidelines? Response Yes URL (if applicable) http://www.slcldc.com/assets/files/10-0206%20Disposition%20of%20Real%20Property.pdf Yes http://www.slcldc.com/assets/files/10-0206%20Disposition%20of%20Real%20Property.pdf Yes Page 18 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Grant Information This Authority has indicated that it did not award any grants during the reporting period. Page 19 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Loan Information 1. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Ansen Corporation 100 Chimney Point Drive OGDENSBURG NY 13669 USA $300,000 07/11/2003 3 10 $210,834.00 Commercial Property Construction/Acquisition/Revitalization/I mprovement Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 128 If yes, how many jobs have been created to date?: 101 Have the terms of the Loan been completed?: No 2. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Atlantic Testing Laboratories, LTD 6431 US Highway 11 PO Box 29 CANTON NY 13617 USA $200,000 10/17/2007 4.88 10 $53,228.03 Business Expansion/Startup Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 14 If yes, how many jobs have been created to date?: 53 Have the terms of the Loan been completed?: No Page 20 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Loan Information 3. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal 4. Atlantic Testing Laboratories, LTD - Ltd T 6431 US Highway 11 CANTON NY 13617 USA $50,926.9 03/01/2003 5.25 13 $26,029.92 Commercial Property Construction/Acquisition/Revitalization/I mprovement Was the Loan expected to result in new jobs being created?: No If yes, how many jobs were planned to be created?: 0 If yes, how many jobs have been created to date?: 0 Have the terms of the Loan been completed?: No Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Curran Renewable Energy, LLC 15121 State Highway 37 MASSENA NY 13662 USA $400,000 12/12/2007 4.63 10 $0.00 Commercial Property Construction/Acquisition/Revitalization/I mprovement Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 23 If yes, how many jobs have been created to date?: 13 Have the terms of the Loan been completed?: No Page 21 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Loan Information 5. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal DE Kerr Construction & Logging PO Box 36 FINE NY 13639 USA $41,905 07/11/2007 5.13 7 $3,941.11 Equipment and Fixed Asset Acquisition Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 4 If yes, how many jobs have been created to date?: 4 Have the terms of the Loan been completed?: No 6. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Four-C-Aire, Inc. 335 Pumpkin Hill Road POTSDAM NY 13676 USA $146,000 09/21/2006 5.13 5 $116,374.88 Business Expansion/Startup Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 24 If yes, how many jobs have been created to date?: 19 Have the terms of the Loan been completed?: No Page 22 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Loan Information 7. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Glazier Packing Co. US Route 11 POTSDAM NY 13676 USA $133,333 01/05/2006 4.63 10 $56,323.64 Business Expansion/Startup Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 5 If yes, how many jobs have been created to date?: 0 Have the terms of the Loan been completed?: No 8. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Hackett's Hardware - formerly Wisebuys, LL 1223 Pickering Street OGDENSBURG NY 13669 USA $235,000 12/24/2003 3 7 $148,262.92 Commercial Property Construction/Acquisition/Revitalization/I mprovement Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 60 If yes, how many jobs have been created to date?: 0 Have the terms of the Loan been completed?: No Page 23 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Loan Information 9. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Newton Falls Fine Paper Co. - Loan #1 PO Box 253 NEWTON FALLS NY 13666 USA $200,000 11/27/2006 5.13 10 $172,258.47 Commercial Property Construction/Acquisition/Revitalization/I mprovement Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 97 If yes, how many jobs have been created to date?: 108 Have the terms of the Loan been completed?: No 10. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Newton Falls Fine Paper Co. - Loan #2 PO Box 253 NEWTON FALLS NY 13666 USA $150,000 12/29/2006 5.13 10 $42,919.83 Commercial Property Construction/Acquisition/Revitalization/I mprovement Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 0 If yes, how many jobs have been created to date?: 0 Have the terms of the Loan been completed?: No Page 24 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Loan Information 11. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal North Lawrence Dairy 22 County Rte 52 NORTH LAWRENCE NY 12967 USA $200,000 08/03/2009 2.63 7 $21,333.88 Equipment and Fixed Asset Acquisition Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 10 If yes, how many jobs have been created to date?: 0 Have the terms of the Loan been completed?: No 12. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Potsdam Mineral & Feed 309 Wright Road POTSDAM NY 13676 USA $40,000 10/17/2007 4.88 5 $22,851.39 Business Expansion/Startup Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 2 If yes, how many jobs have been created to date?: 3 Have the terms of the Loan been completed?: No Page 25 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Loan Information 13. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Potsdam Specialty Paper, Inc. 547A Sissonville Road POTSDAM NY 13676 USA $200,000 12/15/2008 3 7 $73,076.70 Commercial Property Construction/Acquisition/Revitalization/I mprovement 14. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal SLC IDA - Massena Industial Park, Lot 20 80 State Highway 310, Suite 6 CANTON NY 13617 USA $217,204.18 12/31/2005 3 10 $100,727.84 Commercial Property Construction/Acquisition/Revitalization/I mprovement Was the Loan expected to result in new jobs being created?: No Was the Loan expected to result in new jobs being created?: No If yes, how many jobs were planned to be created?: If yes, how many jobs have been created to date?: Have the terms of the Loan been completed?: No If yes, how many jobs were planned to be created?: If yes, how many jobs have been created to date?: Have the terms of the Loan been completed?: No Page 26 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Loan Information 15. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Slic Network Solutions, Inc 51 Main St Suite 102 POTSDAM NY 13676 USA $120,000 05/11/2010 2.63 7 $6,923.24 Business Expansion/Startup Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 2 If yes, how many jobs have been created to date?: 1 Have the terms of the Loan been completed?: No 16. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal St. Lawrence Food Corp. 30 Main Street OGDENSBURG NY 13669 USA $300,000 03/23/2004 3 7 $58,597.23 Equipment and Fixed Asset Acquisition Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 20 If yes, how many jobs have been created to date?: 20 Have the terms of the Loan been completed?: No Page 27 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Loan Information 17. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Tamarack Tree Service 80 Lincoln Street CANTON NY 13617 USA $50,926.9 03/01/2003 5.25 13 $50,926.90 Commercial Property Construction/Acquisition/Revitalization/I mprovement Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 25 If yes, how many jobs have been created to date?: 25 Have the terms of the Loan been completed?: Yes 18. Source of Loan Funds: Name of Loan Recipient: Address Line1: Address Line2: City: State: Zip - Plus4: Province Region: Country: Original Amount of Loan: Date Loan Awarded: Interest Rate(%): Length of Loan(# of years to repay): Amount of Loan Prinicipal Repaid to Date: Purpose of Loan: Municipal Woodruff Block Co. Inc. 495 West Parishville Road POTSDAM NY 13676 USA $59,500 05/01/2005 7 7 $46,491.85 Business Expansion/Startup Was the Loan expected to result in new jobs being created?: Yes If yes, how many jobs were planned to be created?: 2 If yes, how many jobs have been created to date?: 2 Have the terms of the Loan been completed?: No Page 28 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Bond Information This Authority has indicated that it did not have any outstanding bonds during the reporting period. Page 29 of 30 Annual Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Additional Comments: Page 30 of 30 Investment Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Investment Information: Question Response URL (if applicable) 1. Has the Authority prepared an Annual Investment Report for the reporting period as required by Section 2925(6) of PAL? Yes www.slcida.com 2. Are the Authority's investment guidelines reviewed and approved annually? Yes 3. Did the Authority have an independent audit of investments as required by Section 2925(3)(f) of PAL? Yes www.slcida.com 4. Has the Authority's independent auditor issued a management letter to the Authority in connection with its annual audit of investments? Yes www.slcida.com Page 1 of 2 Investment Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Additional Comments: Page 2 of 2 Procurement Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Procurement-Information: Question 1. Does the Authority have procurement guidelines? 2. Are the procurement guidelines reviewed annually, amended if needed, and approved by the Board? 3. Does the Authority allow for exceptions to the procurement guidelines? 4. Does the Authority assign credit cards to employees for travel and/or business purchases? 5. Does the Authority require prospective bidders to sign a non-collusion agreement? 6. Does the Authority incorporate a summary of its procurement policies and prohibitions in its solicitation of proposals, bid documents or specifications for procurement contracts?. 7. Did the Authority designate a person or persons to serve as the authorized contact on a specific procurement, in accordance with Section 139-j(2)(a) of the State Finance Law, "The Procurement Lobbying Act"? 8. Did the Authority determine that a vendor had impermissible contact during a procurement or attempted to influence the procurement during the reporting period, in accordance with Section 139-j(10) of the State Finance Law? 8a If Yes, was a record made of this impermissible contact? 9. Does the Authority have a process to review and investigate allegations of impermissible contact during a procurement, and to impose sanctions in instances where violations have occurred, in accordance with Section 139-j(9) of the State Finance Law? Response Yes Yes URL (if applicable) www.slcida.com No No Yes Yes Yes No Yes Page 1 of 3 Procurement Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Procurement Transactions Listing: ThisNo Authority data hashas been indicated entered that for this it has section no Procurement in PARIS Transactions for the reporting period. Page 2 of 3 Procurement Report for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Procurement Transactions Listing: Additional Comments: Page 3 of 3 Certified Financial Audit for St. Lawrence County Industrial Development Agency Local Development Corporation Run Date: 03/25/2011 Status: CERTIFIED Fiscal Year Ending 12/31/2010 Financial Documents: Question Response URL (if applicable) Attachments 1. Attach the independent audit of the Authority's financial statements. N/A www.slcida.com Attachment Included 2. Has the Authority's independent auditor issued a management letter to the Authority in connection with its audit of the Authority's financial statements? Yes www.slcida.com Attachment Included 3. Has the Authority's independent auditor issued a Report on Internal Controls Over Financial Reporting to the Authority? Yes www.slcida.com Attachment Included 4. Attach any other communication required or allowed by government auditing standards issued by the Comptroller General of the United States to be issued by the Authority's independent auditor in connection with its annual audit of the Authority's financial statements. Page 1 of 2 Certified Financial Audit for St. Lawrence County Industrial Development Agency Local Development Corporation Fiscal Year Ending 12/31/2010 Run Date: 03/25/2011 Status: CERTIFIED Additional Comments: Page 2 of 2