ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
LOCAL DEVELOPMENT CORPORATION
Resolution No. LDC-13-10-14
October 2, 2013
ACCEPTING FY2014 TENTATIVE BUDGET
WHEREAS, the St. Lawrence County Industrial Development Agency Local
Development Corporation (the “SLCIDA-LDC”) 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 Local Development Corporation 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-LDC 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-LDC 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-LDC.
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
/s
/
X
X
X
X
Natalie A. Sweatland
October 2, 2013
2012
Actual
2013
Budget
YTD
7/31/13
2014
Budget
55.36
29,086.25
176,714.92
300,000.00
13,253.32
0.00
136,602.60
9,113.50
664,825.95
500.00
34,200.00
142,800.00
300,000.00
42,800.00
1,000.00
0.00
3,500.00
524,800.00
100.00
8,964.68
77,995.07
300,000.00
15,564.65
0.00
0.00
4,100.00
406,724.40
400.00
17,720.00
117,000.00
300,000.00
42,800.00
1,000.00
0.00
3,000.00
481,920.00
48,430.04
290.11
48,720.15
63,000.00
0.00
63,000.00
22,060.45
0.00
22,060.45
33,948.00
0.00
33,948.00
62.50
3,481.34
15,296.99
18,840.83
0.00
0.00
15,297.00
30,594.00
0.00
0.00
0.00
0.00
0.00
0.00
15,297.00
15,297.00
Total 4TH MASSENA INDUSTRIAL BUILDING
29,879.32
47,703.00
22,060.45
18,651.00
MASSENA INDUSTRIAL BUILDING LOT18
2422 - MIB Lot 18 Rent
Total Revenue for MIB18
33,600.00
33,600.00
25,000.00
25,000.00
32,000.00
32,000.00
0.00
0.00
6486408 · MIB18 - Maintenance Expense
6486411 · MIB18 - Insurance Expense
6486415 · MIB18 - Cleanup-Repair Expense
6486416 · MIB18 - Utility Expense
6486450 · MIB18 - Property Tax Expense
6486499 · MIB18 - Miscellaneous Expense
6486500 · MIB18 - Depreciation Expense
Total Expenditures for MIB18
62.50
3,556.39
0.00
0.00
11,089.35
16.67
7,196.00
21,920.91
2,000.00
3,850.00
2,000.00
0.00
0.00
2,000.00
7,196.00
17,046.00
75.00
0.00
0.00
849.00
0.00
0.00
0.00
924.00
2,000.00
4,235.00
0.00
2,000.00
0.00
1,000.00
7,196.00
16,431.00
Total MASSENA INDUSTRIAL BUILDING LOT18
11,679.09
7,954.00
31,076.00
(16,431.00)
5,250.00
5,250.00
25,000.00
25,000.00
14,625.00
14,625.00
29,250.00
29,250.00
140.00
1,815.48
0.00
131.30
11,326.71
16.67
6,804.00
20,234.16
2,000.00
3,850.00
2,000.00
6,000.00
0.00
2,500.00
6,804.00
23,154.00
75.00
0.00
0.00
240.35
0.00
0.00
0.00
315.35
2,000.00
4,235.00
0.00
2,000.00
0.00
2,500.00
6,804.00
17,539.00
(14,984.16)
1,846.00
14,309.65
11,711.00
OPERATING REVENUE
2400 · Late Fees Received
2409B · Interest Income - Banking
2409L · Interest Income - Loans
2412 · RVRA Administrative Revenue
2413 · WIB Director Revenue
2424 · Brasher Admin Income (LDCMicro)
2425 · NG Marketing Revenue
2450 · Miscellaneous Income
Total OPERATING REVENUE
4TH MASSENA INDUSTRIAL BUILDING
2421 · Rental Income-4MIB (Curran)
2425 · Insurance Refund-4MIB
Total Revenue for 4MIB
6485408 · 4MIB - Maintenance Expense
6485411 · 4MIB - Insurance Expense
6485510 · 4MIB - Depreciation Expense
Total Expenditures for 4MIB
MASSENA INDUSTRIAL BUILDING LOT19
2422 - MIB Lot 19 Rent
Total Revenue for MIB19
6487408 · MIB19 - Maintenance Expense
6487411 · MIB19 - Insurance Expense
6487415 · MIB19 - Cleanup-Repair Expense
6487416 · MIB19 - Utility Expense
6487450 · MIB19 - Property Tax Expense
6487499 · MIB19 - Miscellaneous Expense
6487500 · MIB19 - Depreciation Expense
Total Expenditures for MIB19
Total MASSENA INDUSTRIAL BUILDING LOT19
2012
Actual
2013
Budget
1,794,232.70
1,794,232.70
1,928,160.00
1,928,160.00
131,496.30
131,496.30
0.00
0.00
1,794,232.70
1,794,232.70
1,928,160.00
1,928,160.00
131,496.30
131,496.30
0.00
0.00
0.00
0.00
0.00
0.00
0.00
167,204.00
167,204.00
0.00
0.00
0.00
0.00
0.00
0.00
60,000.00
0.00
60,000.00
6420430 · Training Reimb Expense
6420486 · Repairs MIB18
6420487 · Repairs MIB19
Total Expenses for Misc Projects
68,291.13
0.00
0.00
68,291.13
0.00
0.00
0.00
0.00
11,860.92
0.00
0.00
11,860.92
71,550.00
60,000.00
90,000.00
221,550.00
Total MISCELLANEOUS PROJECTS
98,912.87
0.00
(11,860.92)
(161,550.00)
2,543.17
880.00
106.75
175.00
54,000.00
300,000.00
16,732.25
0.00
13,225.00
7,200.00
111,976.51
53,952.60
536.41
650.50
367.94
738,349.97
0.00
0.00
0.00
847.48
0.00
66,849.88
567.51
5,505.02
1,926.60
200,000.00
0.00
0.00
1,576,392.59
3,200.00
0.00
1,000.00
400.00
54,000.00
300,000.00
36,000.00
8,000.00
12,000.00
7,200.00
75,000.00
0.00
1,500.00
500.00
3,500.00
556,330.00
0.00
0.00
0.00
2,050.00
0.00
85,000.00
1,000.00
7,000.00
1,750.00
200,000.00
0.00
0.00
1,355,430.00
0.00
0.00
0.00
175.00
27,000.00
300,000.00
8,783.29
1,125.00
12,475.00
0.00
38,786.12
0.00
56.40
22.94
0.00
126,246.22
0.00
0.00
0.00
29.34
0.00
49,038.45
263.20
4,031.85
1,189.51
100,000.00
0.00
0.00
669,222.32
2,700.00
2,500.00
250.00
250.00
48,600.00
300,000.00
30,000.00
8,000.00
12,600.00
7,200.00
50,000.00
0.00
250.00
500.00
1,500.00
0.00
129,123.00
68,754.00
334,750.00
1,500.00
0.00
86,488.00
530.00
7,090.00
1,750.00
200,000.00
0.00
0.00
1,294,335.00
877,445.03
1,663,524.55
(786,079.52)
29,296.99
(756,782.53)
582,303.00
1,355,430.00
(773,127.00)
29,297.00
(743,830.00)
474,170.50
681,083.24
(206,912.74)
0.00
(206,912.74)
605,118.00
1,565,152.00
(960,034.00)
29,297.00
(930,737.00)
CANTON INDUSTRIAL BUILDING
2427 · 1ST CIB - Revenue from IDA
Total Revenue for CIB
6475209 · 1ST CIB - Capital Expense
Total Expenses for CIB
Total CANTON INDUSTRIAL BUILDING
MISCELLANEOUS PROJECTS
2425 · Massena Building Improvement Revenue
2426 · Training Reimbursement Revenue
Total Revenue for Misc Projects
GENERAL OPERATING EXPENSES
6460411 · Insurance Expense
6460418 · Underwriting/Credit Reports
6460420 · Office Supplies Expense
6460427 · Memberships & Dues Expense
6460430 · Contractual Expenses to MED
6460431 · IDALDC Admin Payment
6460432 · Other Legal Expense
6460433 · Legal Expense - Retainer
6460434 · Accounting Expense - General
6460435 - GMEDF Admin Fee
6460436 - Marketing
6460437 - NG Marketing Initiative Expense
6460442 · Meeting Expense
6460443 · Mileage Expense
6460445 ·Other Travel Expense
6460450 · CDEIP Expense
6460450-11 · CDEIP 2011 Expense
6460450-12 · CDEIP 2012 Expense
6460450-13 · CDEIP 2013 Expense
6460499 · Miscellaneous Expense
6460503 · Payroll Expenses
503A - Salaries & Wages
503B - Employee Benefits
503D - Payroll Tax Expenses
503E- Payroll Processing Fees
6460550 · IDA Admin Payment
6460555 · Bad Debt Expense
6460599 · Depreciation Expense
Total GENERAL OPERATING EXPENSES
Total Income
Total Expenses
Net Income
Depreciation Costs
Net Income without Depreciation
YTD
7/31/13
2014
Budget