ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
LOCAL DEVELOPMENT CORPORATION
Resolution No. LDC-13-10-17
October 24, 2013
APPROVING AND ADOPTING FY2014 BUDGET
and
AUTHORIZING THE CHIEF EXECUTIVE OFFICER TO MAKE LINE ITEM CHANGES
WHEREAS, the St. Lawrence County Industrial Development Agency Local
Development Corporation (the “SLCIDA-LDC”) has caused to be prepared a Fiscal Year 2014
budget, and
WHEREAS, a tentative Budget, after acceptance by the SLCIDA-LDC on October 2,
2013, was made available for at least 20 days for public inspection and comment, and
WHEREAS, SLCIDA-LDC has reviewed any and all comments received during the
public comment period,
NOW, THEREFORE, BE IT RESOLVED that the St. Lawrence County Industrial
Development Agency Local Development Corporation approves and adopts the attached Fiscal
Year 2014 Budget, and
BE IT FURTHER RESOLVED that the St. Lawrence County Industrial Development
Agency Local Development Corporation does hereby confer authority to its 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) the Chief Executive Officer must advise the SLCIDALDC Board of any such modifications at the SLCIDA-LDC meeting held immediately after such
modification has been made, and
BE IT FURTHER RESOLVED that the SLCIDA-LDC shall cause to have copies of
the Fiscal Year 2014 Budget forwarded to the St. Lawrence County Clerk, County Treasurer,
County Administrator, Legislative Chair, and NYSABO, and to do all other things as may be
required by statute.
Move:
Second:
VOTE
Blevins
Hall
LaBaff
McMahon
Peck
Staples
Weekes
Blevins
Weekes
AYE
X
X
X
X
X
NAY
ABSTAIN
ABSENT
/s
/
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.
Natalie A. Sweatland
October 24, 2013
St. Lawrence County IDA Local Development Corporation
2012
Actual
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
2013
Budget
YTD
07/31/13
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
0.00
0.00
0.00
0.00
0.00
0.00
0.00
15,297.00
15,297.00
6485408 · 4MIB - Maintenance Expense
6485411 · 4MIB - Insurance Expense
6485499 · 4MIB - Miscellaneous Expense
6485510 · 4MIB - Depreciation Expense
Total Expenditures for 4MIB
15,296.99
18,840.83
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
3,725.00
0.00
2,000.00
0.00
1,000.00
7,196.00
15,921.00
Total MASSENA INDUSTRIAL BUILDING LOT18
11,679.09
7,954.00
31,076.00
(15,921.00)
St. Lawrence County IDA Local Development Corporation
2012
Actual
MASSENA INDUSTRIAL BUILDING LOT19
2422 - MIB Lot 19 Rent
Total Revenue for MIB19
2013
Budget
YTD
07/31/13
2014
Budget
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
4,500.00
0.00
2,000.00
0.00
2,500.00
6,804.00
17,804.00
(14,984.16)
1,846.00
14,309.65
11,446.00
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
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
71,050.00
60,000.00
90,000.00
221,050.00
Total MISCELLANEOUS PROJECTS
98,912.87
0.00
(11,860.92)
(161,050.00)
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
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
St. Lawrence County IDA Local Development Corporation
2012
Actual
2013
Budget
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
523,040.00
130,202.00
13,754.00
50,000.00
1,500.00
0.00
86,488.00
530.00
7,090.00
1,750.00
200,000.00
0.00
0.00
1,478,704.00
Total Income
Total Expenses
Net Income
877,445.03
1,663,524.55
(786,079.52)
582,303.00
1,355,430.00
(773,127.00)
474,170.50
681,083.24
(206,912.74)
605,118.00
1,748,776.00
(1,143,658.00)
Depreciation Costs
Net Income without Depreciation
29,296.99
(756,782.53)
29,297.00
(743,830.00)
0.00
(206,912.74)
29,297.00
(1,114,361.00)
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
YTD
07/31/13
2014
Budget