ST. LAWRENCE COUNTY LOCAL DEVELOPMENT CORPORATION Resolution No. 11-26 September 14, 2011 ADOPTING 2012 TENTATIVE BUDGET WHEREAS, staff has prepared and presented to the Board of the St. Lawrence County Local Development Corporation a tentative 2012 Budget, and WHEREAS, the Board has reviewed said budget, NOW, THEREFORE, BE IT RESOLVED that the St. Lawrence County 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 Corporation directs its staff to forward copies of the tentative budget to 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 Agency 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 Agency. Budget 2011 Income Late Payment Fees Recd Interest Income Miscellaneous Income Total Income Expense Accounting Expenses Bank Fees Legal Fees Marketing Expense Miscellaneous Expense Meeting Expense Office Supplies Postage Expense Service Agreement Expense Travel Expense Total Expense Net Income Move: Clark Second: Scott VOTE Yea Nay Abstain Chambers P Clark V Marr O’Bryan P Ragan V Scott V Snyder V V = Voice Vote; P = Proxy Vote) YTD Balance Budget 2012 750.00 10,000.00 400.00 11,150.00 210.00 4,992.50 0.00 5,202.50 540.00 5,007.50 400.00 5,947.50 400.00 9,000.00 250.00 9,650.00 3,100.00 100.00 2,500.00 2,700.00 0.00 1,000.00 500.00 250.00 0.00 1,000.00 11,150.00 0.00 3,100.00 54.00 811.14 0.00 100.00 1.75 58.54 243.69 15,000.00 0.00 19,369.12 (14,166.62) 0.00 46.00 1,688.86 2,700.00 (100.00) 998.25 441.46 6.31 (15,000.00) 1,000.00 (8,219.12) 14,166.62 3,500.00 100.00 2,500.00 2,150.00 500.00 100.00 250.00 300.00 0.00 250.00 9,650.00 0.00 Absent X I hereby certify that I have compared a 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/ Lori Sibley Lori Sibley