ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY
LOCAL DEVELOPMENT CORPORATION
Resolution No. LDC-15-09-20
September 24, 2015
ACCEPTING FY2016 TENTATIVE BUDGET
WHEREAS, the St. Lawrence County Industrial Development Agency Local Development
Corporation (the “SLCIDA-LDC”) has caused to be prepared a Fiscal Year 2016 Tentative Budget,
and
WHEREAS, the Tentative Budget has been made available to Board members, for review
prior to the September 24, 2015 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
Burke
Hall
LaBaff
McMahon
Staples
Weekes
LaBaff
Hall
AYE
NAY
ABSTAIN
ABSENT
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.
X
X
X
X
X
/s/
Natalie A. Sweatland
September 24, 2015
St. Lawrence County IDA Local Development Corporation [FY2016 Tentative Budget]
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)
2450 · Miscellaneous Income
Total OPERATING REVENUE
2014
Actual
200.00
9,260.55
145,331.97
300,000.00
33,038.75
0.00
2,600.00
490,431.27
2015
Budget
350.00
9,180.00
122,157.00
300,000.00
42,800.00
1,000.00
3,000.00
478,487.00
YTD
7/31/2015
75.00
4,019.71
69,975.17
300,000.00
20,922.06
0.00
2,200.00
397,191.94
2016
Budget
350.00
7,450.00
94,000.00
300,000.00
42,800.00
1,000.00
3,000.00
448,600.00
4TH MASSENA INDUSTRIAL BLDG
2421 · Rental Income-4MIB (Curran)
Total Revenue for 4MIB
37,113.05
37,113.05
34,855.00
34,855.00
20,043.02
20,043.02
35,790.00
35,790.00
15,296.99
15,296.99
21,816.06
15,297.00
15,297.00
19,558.00
0.00
0.00
20,043.02
15,297.00
15,297.00
20,493.00
1,250.00
1,250.00
1,500.00
1,500.00
875.00
875.00
1,500.00
1,500.00
467.84
1,396.36
4,257.78
0.00
7,196.00
13,317.98
(12,067.98)
2,500.00
3,725.00
6,000.00
500.00
7,196.00
19,921.00
(18,421.00)
38.33
2,054.41
2,718.44
0.00
0.00
4,811.18
(3,936.18)
2,500.00
3,725.00
6,000.00
500.00
7,196.00
19,921.00
(18,421.00)
39,271.83
39,271.83
43,250.00
43,250.00
28,729.19
28,729.19
49,630.00
49,630.00
242.84
1,118.95
868.50
0.00
6,804.00
9,034.29
30,237.54
100.00
4,500.00
500.00
500.00
6,804.00
12,404.00
30,846.00
38.33
1,572.24
0.00
0.00
0.00
1,610.57
27,118.62
100.00
4,500.00
500.00
500.00
6,804.00
12,404.00
37,226.00
6485510 · 4MIB - Depreciation Expense
Total 4TH MASSENA INDUSTRIAL BLDG
MASSENA INDUSTRIAL BLDG Lot 18
2422 · Rental - MIB LOT18
Total Revenue for MIB LOT18
6486408 · MIB18 - Maintenance Expense
6486411 · MIB18 - Insurance Expense
6486416 · MIB18 - Utility Expense
6486499 · MIB18 - Miscellaneous Expense
6486500 · MIB18 - Depreciation Expense
Total MASSENA INDUSTRIAL BLDG Lot 18
MASSENA INDUSTRIAL BLDG Lot 19
2423 · Rental - MIB LOT19 (Fockler)
Total Revenue for MIB LOT19
6487408 · MIB19 - Maintenance Expense
6487411 · MIB19 - Insurance Expense
6487416 · MIB19 - Utility Expense
6487499 · MIB19 - Miscellaneous Expense
6487500 · MIB19 - Depreciation Expense
Total MASSENA INDUSTRIAL BLDG Lot 19
St. Lawrence County IDA Local Development Corporation [FY2016 Tentative Budget]
MISCELLANEOUS PROJECTS
2425 · NG Marketing Initiative Revenue
2454 · Massena 18 & 19 Improvement Revenue
Total Revenue for Miscellaneous Projects
6420430 · Training Reimb Expense
6420431 · NG Marketing Initiative Expense
6420434 · Accounting Expense – Misc. Projects
Total MISCELLANEOUS PROJECTS
COMMUNITY DEVELOPMENT PROJECTS
6460450-11 - CDEIP 2011
6460450-12 - CDEIP 2012
6460450-13 - CDEIP 2013
6460450-14 - CDEIP 2014
6460450-15 - CDEIP 2015
6460450-16 - CDEIP 2016
Total COMM. DEVELOPMENT PROJECTS
GENERAL OPERATING EXPENSES
6460411 · Insurance Expense
6460418 · Underwriting/Credit Report Expense
6460420 · Office Supplies Expense
6460427 · Professional Assn. Expense
6460430 · Contractual Expenses to MED
6460431 · Contractual Expenses to IDA
6460432 · Other Legal Expense
6460433 · Legal Expense - Retainer
6460434 · Accounting Expense - General
6460435 · GMEDF Admin Fee
6460436 · Marketing
6460442 · Meeting Expense
6460443 · Mileage Expense
6460445 · Other Travel 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
Total GENERAL OPERATING EXPENSES
2014
Actual
0.00
0.00
0.00
2015
Budget
25,000.00
60,000.00
85,000.00
YTD
7/31/2015
0.00
0.00
0.00
2016
Budget
0.00
0.00
0.00
10,486.44
0.00
0.00
10,486.44
(10,486.44)
7,500.00
25,000.00
600.00
33,100.00
(33,100.00)
0.00
0.00
600.00
600.00
(600.00)
0.00
0.00
0.00
0.00
0.00
4,315.49
15,000.00
140,252.70
59,081.07
0.00
0.00
218,649.26
125,887.00
16,344.00
0.00
454,330.00
465,273.00
0.00
1,061,834.00
72,280.80
0.00
40,000.00
127,335.44
0.00
0.00
239,616.24
53,606.00
18,626.00
28,848.00
249,942.00
331,202.00
0.00
682,224.00
1,508.00
11.90
11.90
200.00
48,600.00
300,000.00
11,754.20
8,000.00
12,475.00
7,200.00
39,383.26
72.80
33.60
23.45
447.95
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
1,500.00
0.00
0.00
101.85
175.00
24,300.00
300,000.00
1,357.50
3,500.00
12,475.00
7,200.00
225.00
10.00
37.38
11.00
0.00
1,500.00
2,000.00
325.00
250.00
48,600.00
300,000.00
20,000.00
7,000.00
12,400.00
7,200.00
50,000.00
250.00
500.00
1,500.00
1,500.00
86,447.90
573.05
6,953.05
2,219.15
200,000.00
0.00
725,915.21
86,488.00
530.00
7,090.00
1,750.00
200,000.00
0.00
723,583.00
49,896.90
280.41
4,058.54
1,281.85
100,000.00
239,569.69
744,480.12
86,488.00
530.00
7,090.00
1,750.00
200,000.00
0.00
748,883.00
Total Income 568,066.15
643,092.00 446,839.15
535,520.00
Total Expenses 992,700.17 1,866,139.00 991,118.11 1,478,729.00
Net Income (424,634.02) (1,223,047.00) (544,278.96) (943,209.00)