ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
LOCAL DEVELOPMENT CORPORATION
Resolution No. LDC-14-09-15
September 25, 2014
ACCEPTING FY2015 TENTATIVE BUDGET
WHEREAS, the St. Lawrence County Industrial Development Agency Local Development
Corporation (the “SLCIDA-LDC”) has caused to be prepared a Fiscal Year 2015 Tentative Budget,
and
WHEREAS, the Tentative Budget has been made available to Board members, for review
prior to the September 25, 2014 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
Weekes
Blevins
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
X
X
/s/
X
X
Natalie A. Sweatland
September 25, 2014
St. Lawrence County IDA Local Development Corporation [FY2015 Tentative Budget]
2013
Actual
OPERATING REVENUE- Other
2400 · Late Fees Received
2409B · Interest Income - Banking
2409L · Interest Income - Loans
2412 · RVRDA Administrative Revenue
2413 · WIB Director Revenue
2424 · Brasher Admin Income (LDCMicro)
2450 · Miscellaneous Income
Total OPERATING REVENUE
2014
Budget
YTD
7/31/14
2015
Budget
200.00
17,417.86
149,677.63
300,000.00
26,705.36
0.00
4,300.00
498,300.85
400.00
17,720.00
117,000.00
300,000.00
42,800.00
1,000.00
3,000.00
481,920.00
75.00
5,093.36
67,286.86
300,000.00
16,094.72
0.00
2,600.00
391,149.94
350.00
9,180.00
122,157.00
300,000.00
42,800.00
1,000.00
3,000.00
478,487.00
32,965.95
32,965.95
33,948.00
33,948.00
22,627.11
22,627.11
34,855.00
34,855.00
0.00
0.00
0.00
0.00
15,297.00
15,297.00
0.00
0.00
0.00
0.00
15,297.00
15,297.00
Total 4th Massena Industrial Building
32,965.95
18,651.00
22,627.11
19,558.00
Massena Industrial Building Lot 18 (Besaw Garage)
2422 · Rental - MIB LOT18
Total Revenue for MIB Lot 18
32,250.00
32,250.00
1,250.00
1,250.00
625.00
625.00
1,500.00
1,500.00
6486408 · MIB18 - Maintenance Expense
6486411 · MIB18 - Insurance Expense
6486416 · MIB18 - Utility Expense
6486499 · MIB18 - Miscellaneous Expense
6486500 · MIB18 - Depreciation Expense
Total Expenses for MIB Lot 18
370.00
3,452.38
1,769.04
0.00
7,196.00
12,787.42
2,000.00
3,725.00
4,000.00
1,000.00
7,196.00
17,921.00
81.21
0.00
3,540.21
0.00
0.00
3,621.42
2,500.00
3,725.00
4,000.00
500.00
7,196.00
17,921.00
Total Massena Industrial Building Lot 18
19,462.58
(16,671.00)
(2,996.42)
(16,421.00)
Massena Industrial Building Lot 19 (Fockler)
2423 · Rental - MIB LOT19
Total Revenue for MIB Lot 19
26,812.50
26,812.50
29,250.00
29,250.00
21,605.16
21,605.16
43,250.00
43,250.00
6487408 · MIB19 - Maintenance Expense
6487411 · MIB19 - Insurance Expense
6487416 · MIB19 - Utility Expense
6487499 · MIB19 - Miscellaneous Expense
6487500 · MIB19 - Depreciation Expense
Total Expenses for MIB Lot 19
270.00
4,171.46
811.69
0.00
6,804.00
12,057.15
2,000.00
4,500.00
2,000.00
2,500.00
6,804.00
17,804.00
42.84
0.00
830.13
0.00
0.00
872.97
100.00
4,500.00
500.00
500.00
6,804.00
12,404.00
Total Massena Industrial Building Lot 19
14,755.35
11,446.00
20,732.19
30,846.00
4th Massena Industrial Building (Curran)
2421 · Rental Income-4MIB
Total Revenue for 4MIB
6485499 · 4MIB - Miscellaneous Expense
6485510 · 4MIB - Depreciation Expense
Total Expenditures for 4MIB
St. Lawrence County IDA Local Development Corporation [FY2015 Tentative Budget]
2013
Actual
Miscellaneous Projects
2454 · Massena 18 & 19 Improvement Revenue
Total Revenue for Miscellaneous Projects
6420430 · Training Reimb Expense
6420486 · Repairs MIB 18
6420487 · Repairs MIB 19
Total Expenditure for Miscellaneous Projects
Total Miscellaneous Projects
IDA General Operating Expenditures
6460411 · Insurance Expense
6460418 · Underwriting / credit reports Expense
6460420 · Office Supplies Expense
6460427 · Professional Associations Expense
6460430 · Contractual Expenses to MED
6460431 · IDALDC Admin Payment
6460432 · Other Legal Expense
6460433 · Legal Expense - Retainer
6460434 · Accounting Expense
6460435 · GMEDF Admin Fee
6460436 · Promotion/Marketing Expense
6460442 · Meeting Expense
6460443 · Mileage Expense
6460445 · Other Travel Expense
6460450-11 · CDEIP
6460450-12 · CDEIP
6460450-13 · CDEIP
6460450-14 · CDEIP
6460450-15 · CDEIP
6460499 · Miscellaneous Expense
6460500 · Bad Debt Expense
6460503 · Payroll Expense
503A · Salaries & Wages
503B · Employee Benefits
503D · Payroll Tax Expense
503E · Payroll Processing Fees
6460550 · IDA Admin Payment
6460599 · Depreciation Expense
Total IDA General Operating Expenditures
Total Revenue
Total Expenditures
Net Income
2014
Budget
YTD
7/31/14
2015
Budget
0.00
0.00
60,000.00
60,000.00
0.00
0.00
0.00
0.00
73,426.43
0.00
0.00
73,426.43
71,550.00
60,000.00
90,000.00
221,550.00
3,335.00
139.95
1,462.95
4,937.90
22,152.00
0.00
0.00
22,152.00
(73,426.43)
(161,550.00)
(4,937.90)
(22,152.00)
1,299.19
0.00
102.82
175.00
51,300.00
300,000.00
15,832.61
7,950.00
12,475.00
7,200.00
48,072.03
56.40
60.38
0.00
100,000.00
53,874.17
194,797.82
0.00
0.00
29.34
61,868.95
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
250.00
500.00
1,500.00
130,202.00
33,626.00
184,932.00
506,330.00
0.00
1,500.00
0.00
23.80
0.00
0.00
175.00
24,300.00
300,000.00
8,880.00
4,000.00
12,475.00
0.00
225.00
0.00
20.16
23.45
4,315.49
15,000.00
90,252.70
0.00
0.00
447.95
0.00
1,650.00
1,000.00
325.00
250.00
48,600.00
300,000.00
20,000.00
8,000.00
12,600.00
7,200.00
50,000.00
250.00
500.00
1,500.00
125,887.00
16,344.00
0.00
454,330.00
465,273.00
1,500.00
0.00
84,999.98
522.59
6,782.84
2,009.84
200,000.00
15,296.99
1,164,705.95
86,488.00
530.00
7,090.00
1,750.00
200,000.00
0.00
1,616,798.00
49,856.84
293.56
4,153.88
1,363.59
100,000.00
0.00
615,806.42
86,488.00
530.00
7,090.00
1,750.00
200,000.00
0.00
1,811,067.00
590,329.30
1,262,976.95
(672,647.65)
606,368.00
1,889,370.00
(1,283,002.00)
436,007.21
625,238.71
(189,231.50)
558,092.00
1,878,841.00
(1,320,749.00)