ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
LOCAL DEVELOPMENT CORPORATION
Resolution No. 10-10-20
October 26, 2010
ADOPTING 2011 BUDGET
AND
AUTHORIZING THE CHIEF EXECUTIVE OFFICER TO MAKE LINE ITEM
CHANGES
WHEREAS, the St. Lawrence County Industrial Development Agency Local
Development Corporation (“Corporation”) has caused to be prepared and has reviewed the Fiscal
Year 2011 budget, and
NOW, THEREFORE, BE IT RESOLVED that the St. Lawrence County Industrial
Development Agency Local Development Corporation does hereby adopt the attached Fiscal
Year 2011 Budget, and
BE IT FURTHER RESOLVED that the St. Lawrence County Industrial Development
Agency Local Development Corporation does hereby authorize the Chief Executive Officer to
make line item changes within the various components of the budget, provided that: (i) No line
item change exceeds $2,500; (ii) The change does not alter the “Total Expenses” of the relevant
component Schedule; and (iii) Staff will advise the Corporation Board of any such modifications
at the next Corporation meeting after the change has been made, and
BE IT FURTHER RESOLVED that the Corporation directs its staff to forward copies
of said budget to:
 St. Lawrence County Clerk
 St. Lawrence County Treasurer
 St. Lawrence County CEO/Administrator
 Chairman, St. Lawrence County Board of Legislators
 New York State Authorities Budget Office.
Move:
Second:
VOTE
Blevins
Hall
LaBaff
McMahon
Peck
Staples
Weekes
LaBaff
Hall
AYE
X
X
X
X
X
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.
/s/
Natalie A. Sweatland
10/26/2010
FINAL
2010
Budget
Income
OPERATING REVENUE
2400 · Late Fees Received
YTD
THRU
7/31/10
Balance
2011
Budget
550.00
292.87
257.13
50.00
11.05
38.95
50.00
75,000.00
44,072.50
30,927.50
75,000.00
7,200.00
0.00
7,200.00
7,200.00
0.00
0.00
0.00
300,000.00
500.00
106.00
394.00
500.00
83,300.00
44,482.42
38,817.58
383,300.00
2421 · Rental Income-4MIB
9,000.00
13,000.00
(4,000.00)
63,000.00
2423 · 4MIB - Insurance Reimbursement
4,043.00
0.00
4,043.00
0.00
13,043.00
13,000.00
43.00
63,000.00
2408 · Interest Income - NCSB
2409 · Interest Income
2410 · GMEDF Administrative Fees
2412 · RVRA Administrative Revenue
2450 · Miscellaneous Income
Total OPERATING REVENUE
550.00
4TH MASSENA INDUSTRIAL BUILDING
Total Revenue for 4MIB
6485408 · 4MIB - Maintenance Expense
2,500.00
0.00
2,500.00
1,000.00
6485411 · 4MIB - Insurance Expense
4,043.00
0.00
4,043.00
3,550.00
6485416 · 4MIB - Utility Expense
5,000.00
0.00
5,000.00
500.00
6485499 · 4MIB - Miscellaneous Expense
Total Expenditures for 4MIB
Total 4TH MASSENA INDUSTRIAL BUILDING
200.00
0.00
200.00
200.00
11,743.00
0.00
11,743.00
5,250.00
1,300.00
13,000.00
(11,700.00)
57,750.00
100.00
0.00
100.00
100.00
Expense
GENERAL OPERATING EXPENSES
6460417 · Bank Charges
6460418 · Underwriting / Credit Reports
3,500.00
255.66
3,244.34
3,500.00
6460419 · Filing Fees Expense
500.00
260.00
240.00
500.00
6460420 · Office Supplies Expense
250.00
0.00
250.00
250.00
6460427 · Memberships & Dues Expense
400.00
175.00
225.00
400.00
6460431 · County Reimbursement Expense
45,558.00
19,180.00
26,378.00
0.00
6460432 · Other Legal Expense
10,000.00
50.00
9,950.00
10,000.00
6460433 · Legal Expense
2,000.00
0.00
2,000.00
2,000.00
6460434 · Accounting Expense - General
6,350.00
3,950.00
2,400.00
4,200.00
200.00
0.00
200.00
200.00
0.00
0.00
0.00
5,000.00
100.00
0.00
100.00
100.00
0.00
0.00
0.00
6460443 · Mileage Expense
6460445 · Other Travel Expense
6460499 · Miscellaneous Expense
6460503 - Payroll Expense
503A - Salaries & Wages
30,000.00
503B - Employee Benefits
1,500.00
503C - Retiree Expense Account
0.00
503D - Payroll Tax Expense
4,000.00
503E - Payroll Processing Fees
1,800.00
6460550 · RVRDA Administrative Expense
Total GENERAL OPERATING EXPENSES
58,000.00
7,148.31
50,851.69
300,000.00
126,958.00
31,018.97
95,939.03
363,550.00
Total Income
84,600.00
57,482.42
27,117.58
441,050.00
Total Expenses
126,958.00
31,018.97
95,939.03
363,550.00
Net Income
(42,358.00)
26,463.45
(68,821.45)
77,500.00
St. Lawrence River Valley Redevelopment Agency
2011 Budget
Income
OPERATING REVENUE- Other
2409 · Interest Income
2410 · Power Contract Revenue
100,000.00
1,104,000.00
1,204,000.00
Expenditures
6460411 · Director's & Officer's Insurance
6460429 · Contractual Expenses-Other
6460430 · Contractual Expenses to MED
6460431 · Contractual Expenses to IDA
6460433 · Legal Expense
6460442 · Meeting Expense
6460443 · Other Travel Expense
6460450 · Community Development & Improvement Projects
6460499 · Miscellaneous Expense
Total RVRA Operating Expenditures
Total Revenue
Total Expenditures
Net Income
3,000.00
20,000.00
54,000.00
300,000.00
20,000.00
500.00
4,000.00
800,000.00
2,500.00
1,204,000.00
$ 1,204,000.00
$ 1,204,000.00
$
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