ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
LOCAL DEVELOPMENT CORPORATION
Resolution No. LDC-14-10-16
October 23, 2014
APPROVING AND ADOPTING FY2015 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 2015 budget, and
WHEREAS, a tentative Budget, after acceptance by the SLCIDA-LDC on September 25, 2014, 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 2015
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 SLCIDA-LDC Board of any such modifications at the SLCIDALDC 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 2015 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
LaBaff
Weekes
AYE
NAY
ABSTAIN
ABSENT
X
X
X
X
X
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.
/s/
Natalie A. Sweatland
October 23, 2014
St. Lawrence County IDA Local Development Corporation [FY2015 Adopted Budget]
2013
Actual
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
Massena Industrial Building Lot 18 (Besaw Garage)
2422 · Rental - MIB LOT18
Total Revenue for MIB Lot 18
32,965.95
18,651.00
22,627.11
19,558.00
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
6,000.00
500.00
7,196.00
19,921.00
Total Massena Industrial Building Lot 18
Massena Industrial Building Lot 19 (Fockler)
2423 · Rental - MIB LOT19
Total Revenue for MIB Lot 19
19,462.58
(16,671.00)
(2,996.42)
(18,421.00)
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
OPERATING REVENUE
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
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 Adopted Budget]
2013
Actual
Miscellaneous Projects
2425 · NG Marketing Initiative Revenue
2454 · Massena 18 & 19 Improvement Revenue
Total Revenue for Miscellaneous Projects
6420430 · Training Reimb Expense
6420436 · NG Marketing Initiative Expense
6420486 · Repairs MIB 18
6420487 · Repairs MIB 19
Total Expenditure for Miscellaneous Projects
Total Miscellaneous Projects
IDALDC 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 2011
6460450-12 · CDEIP 2012
6460450-13 · CDEIP 2013
6460450-14 · CDEIP 2014
6460450-15 · CDEIP 2015
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 IDALDC General Operating Expenditures
Total Revenue
Total Expenditures
Net Income
2014
Budget
YTD
7/31/14
2015
Budget
0.00
0.00
0.00
0.00
60,000.00
60,000.00
0.00
0.00
0.00
25,000.00
60,000.00
85,000.00
73,426.43
0.00
0.00
0.00
73,426.43
71,550.00
0.00
60,000.00
90,000.00
221,550.00
3,335.00
0.00
139.95
1,462.95
4,937.90
7,500.00
0.00
0.00
0.00
7,500.00
(73,426.43)
(161,550.00)
(4,937.90)
77,500.00
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
1,500.00
1,500.00
325.00
250.00
48,600.00
300,000.00
20,000.00
7,000.00
12,600.00
7,200.00
25,000.00
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
590,329.30
1,262,976.95
(672,647.65)
86,488.00
530.00
7,090.00
1,750.00
200,000.00
0.00
1,616,798.00
606,368.00
1,889,370.00
(1,283,002.00)
49,856.84
293.56
4,153.88
1,363.59
100,000.00
0.00
615,806.42
436,007.21
625,238.71
(189,231.50)
86,488.00
530.00
7,090.00
1,750.00
200,000.00
0.00
1,785,417.00
643,092.00
1,840,539.00
(1,197,447.00)