|
2023 BUDGET |
ADOPTED 2024 BUDGET |
| REVENUE & FINANCIAL SOURCES: |
|
|
| Operating Revenues |
|
|
| Charges for services |
|
|
| Rental & financing income |
|
|
| Other operating revenues |
$800.00 |
$102,000.00 |
| – Administration Fee (CG Roxane/Benjamin Moore) |
$800.00 |
$800.00 |
| – Land Lease |
$- |
$1,200.00 |
| – Winstanley Option |
$- |
$100,000.00 |
| Nonoperating Revenues |
|
|
| Investment earnings |
$15,000.00 |
$9,000.00 |
| State subsidies/grants |
|
|
| Federal subsidies/grants |
|
|
| Municipal subsidies/grants |
$- |
$- |
| – Fulton County |
|
|
| Public authority subsidies |
|
|
| Other nonoperating revenues: |
$187,820.00 |
$138,220.00 |
| – Transfer |
$182,820.00 |
$123,220.00 |
| – Winstanley Reimbursement for Mowing |
$- |
$10,000.00 |
| – Gloversville Water Board: Year 3 |
$5,000.00 |
$5,000.00 |
| Total Revenue & Financial Sources |
$203,620.00 |
$249,220.00 |
|
|
|
| EXPENDITURES: |
|
|
| Operating Expenditures |
|
|
| Salaries and wages: Executive Director and CFO |
$34,000.00 |
$36,000.00 |
| Other employee benefits |
|
|
| Professional services contracts |
$138,500.00 |
$139,000.00 |
| -West & Company |
$9,500.00 |
$10,000.00 |
| -Legal |
$9,000.00 |
$9,000.00 |
| -Shovel-ready Sites: Engineering/Realtor |
$120,000.00 |
$120,000.00 |
| Supplies and materials |
|
|
| Other operating expenditures |
$18,820.00 |
$58,770.00 |
| -Meetings (2) |
$1,500.00 |
$1,500.00 |
| -NYSEDC Membership |
$900.00 |
$900.00 |
| -Town of Johnstown Fire Taxes: NYS Rt. 30A properties |
$100.00 |
$50.00 |
| -FCCRG Gold Membership |
$1,000.00 |
$1,000.00 |
| -IDA website |
$15,000.00 |
$15,000.00 |
| -Miscellaneous |
$250.00 |
$250.00 |
| -Quicken |
$70.00 |
$70.00 |
| -Sponsorships |
$- |
$ 5,000.00 |
| -Update County Development Strategy |
$- |
$25,000.00 |
| -Crossroads Business Park |
$- |
$10,000.00 |
|
|
|
| Nonoperating Expenditures |
$ – |
$ – |
| Payment of principal on debt |
|
|
| Interest and other financing charges |
|
|
| Grants and donations |
|
|
| Other nonoperating expenditures: Tryon |
$12,300.00 |
$15,450.00 |
| – Mowing/Sign |
$10,000.00 |
$10,000.00 |
| – Town of Johnstown Fire Tax |
$600.00 |
$600.00 |
| – Town of Perth Fire Tax |
$ – |
$- |
| – NYMIR |
$1,000.00 |
$4,200.00 |
| – SPDES Permit |
$200.00 |
$150.00 |
| – Miscellaneous |
$500.00 |
$500.00 |
| Total Expenditures |
$203,620.00 |
$249,220.00 |
| Capital Contributions |
$- |
$- |
| Excess (deficiency) of revenues and capital contributions over expenditures |
$- |
$- |
