|
ADOPTED 2025 BUDGET |
ADOPTED 2026 BUDGET |
| REVENUE & FINANCIAL SOURCES: |
|
|
| Operating Revenues |
|
|
| Charges for services |
|
|
| Rental & financing income |
|
|
| Other operating revenues |
$ 27,000.00 |
$ 29,700.00 |
| – Administrative Fee (Hoffman CarWash/Benjamin Moore) |
$ 800.00 |
$ 800.00 |
| – Land Lease at Tryon for Hay |
$ 1,200.00 |
$ 900.00 |
| – Midas Building Lease at Tryon |
|
$ 3,000.00 |
| – Winstanley Option |
$ 25,000.00 |
$ 25,000.00 |
| Nonoperating Revenues |
|
|
| Investment earnings |
$ 40,000.00 |
$ 80,000.00 |
| State subsidies/grants |
|
|
| Federal subsidies/grants |
|
|
| Municipal subsidies/grants |
$ – |
|
| – Fulton County |
|
|
| Public authority subsidies |
|
|
| Other nonoperating revenues: |
$ 260,320.00 |
$ 185,200.00 |
| – Transfer |
$ 243,320.00 |
$ 171,200.00 |
| – Winstanley Reimbursement for Mowing |
$ 12,000.00 |
$ 9,000.00 |
| – Gloversville Water Board: Year 5 (final) |
$ 5,000.00 |
$ 5,000.00 |
| Total Revenue & Financial Sources |
$ 327,320.00 |
$ 294,900.00 |
|
|
|
| EXPENDITURES: |
|
|
| Operating Expenditures |
|
|
| Salaries and wages: Executive Director and CFO |
$ 42,000.00 |
$ 35,150.00 |
| Consultant |
$ 5,000.00 |
$ 2,000.00 |
| Other employee benefits |
|
|
| Professional services contracts |
$ 139,000.00 |
$ 130,000.00 |
| -West & Company |
$ 10,000.00 |
$ 11,000.00 |
| -Legal |
$ 9,000.00 |
$ 9,000.00 |
| -Shovel-ready Sites: Engineering/Realtor/Infrastructure Studies |
$ 120,000.00 |
$ 100,000.00 |
| -Grant Writer |
|
$ 10,000.00 |
| Supplies and Marketing Materials |
|
$ 1,050.00 |
| -6′ IDA Fitted Table Cover 4 sided (with Logo) |
|
$ 200.00 |
| -IDA Banner with Stand (2) |
|
$ 600.00 |
| -IDA Lapel Pins |
|
$ 100.00 |
| -IDA Executive Director Embroidered Shirts (2) |
|
$ 150.00 |
| Other operating expenditures |
$ 123,220.00 |
$ 111,000.00 |
| -Meetings & Conferences |
$ 1,500.00 |
$ 10,000.00 |
| -NYSEDC Membership |
$ 900.00 |
$ 900.00 |
| -FCCRG Gold Membership |
$ 1,000.00 |
$ 1,000.00 |
| -FMRCOC Membership |
$ 400.00 |
$ 400.00 |
| -IDA website |
$ 15,000.00 |
$ 15,000.00 |
| -Combined Economic Development Portal – Development |
$ 14,000.00 |
$ 25,000.00 |
| -Combined Economic Development Portal – Maintenance |
|
$ 7,500.00 |
| -Miscellaneous |
$ 250.00 |
$ 1,000.00 |
| -Quicken |
$ 70.00 |
$ 80.00 |
| -Other Sponsorships |
$ 5,000.00 |
$ 20,000.00 |
| -County Sponsorship |
$ 25,000.00 |
$ 25,000.00 |
| -Town of Johnstown Fire Taxes: NYS Rt. 30A properties |
$ 100.00 |
$ 120.00 |
| -Crossroads Park |
$ 10,000.00 |
$ 5,000.00 |
| Interconnect Study |
$ 50,000.00 |
|
| Nonoperating Expenditures |
$ – |
$ – |
| Payment of principal on debt |
|
|
| Interest and other financing charges |
|
|
| Other nonoperating expenditures: Tryon |
$ 18,100.00 |
$ 15,700.00 |
| – Mowing/Sign |
$ 12,000.00 |
$ 9,000.00 |
| – Town of Johnstown Fire Tax |
$ 600.00 |
$ 700.00 |
| – Town of Perth Fire Tax |
$ – |
$ – |
| – NYMIR |
$ 5,000.00 |
$ 5,500.00 |
| – SPDES Permit |
|
|
| – Miscellaneous |
$ 500.00 |
$ 500.00 |
| Total Expenditures |
$ 327,320.00 |
$ 294,900.00 |
| Capital Contributions |
$ – |
|
| Excess (deficiency) of revenues and capital contributions over expenditures |
$ – |
|
|
|
|
