ADOPTED 2027 BUDGET
FULTON COUNTY INDUSTRIAL DEVELOPMENT AGENCY
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Adopted 2027 Budget
Adopted 2027 Budget
Document note: The downloadable documents retain their original “Proposed” headings. The 2027 figures shown here are the adopted budget.
| Budget item | ADOPTED 2025 BUDGET | ADOPTED 2026 BUDGET | ADOPTED 2027 BUDGET |
|---|---|---|---|
| REVENUE & FINANCIAL SOURCES: | |||
| Operating Revenues | |||
| Charges for services | |||
| Rental & financing income | |||
| Other operating revenues | $27,000.00 | $29,700.00 | $27,830.00 |
| – Administrative Fee (Hoffman CarWash/Benjamin Moore/Niagara) | $800.00 | $800.00 | $1,600.00 |
| – Land Lease at Tryon for Ag | $1,200.00 | $900.00 | $1,230.00 |
| – Midas Building Lease at Tryon | $3,000.00 | $0.00 | |
| – Winstanley Option | $25,000.00 | $25,000.00 | $25,000.00 |
| Nonoperating Revenues | $52,000.00 | $89,000.00 | $5,782,752.92 |
| Investment earnings | $40,000.00 | $80,000.00 | $65,000.00 |
| State subsidies/grants | |||
| – ESD FastNY Track C | |||
| -Water Upgrades Reimbursement | $831,123.00 | ||
| -Water Local Match Reimbursement from Niagara | $92,347.00 | ||
| -Wastewater Upgrades Reimbursement | $2,501,388.00 | ||
| -Wastewater Local Match Reimbursement from Niagara | $277,932.00 | ||
| – ESD PowerUP | |||
| -Property Acquisition | $1,000,000.00 | ||
| -National Grid Engineering | $510,000.00 | ||
| -1% Commitment Fee | $153,000.00 | ||
| – Local Match Reimbursement from Niagara | $303,000.00 | ||
| Federal subsidies/grants | $0.00 | ||
| Municipal subsidies/grants | $0.00 | $0.00 | |
| – Fulton County | $0.00 | ||
| Public authority subsidies | $0.00 | ||
| Other nonoperating revenues: | $12,000.00 | $9,000.00 | |
| – FCCRG Expertise Reimbursement | $39,462.92 | ||
| – Winstanley Reimbursement for Mowing | $12,000.00 | $9,000.00 | $9,500.00 |
| – Transfer | $243,320.00 | $171,200.00 | $121,687.08 |
| Total Revenue & Financial Sources | $79,000.00 | $118,700.00 | $5,932,270.00 |
| EXPENDITURES: | |||
| Operating Expenditures | |||
| Salaries and Wages: Executive Director and CFO | $42,000.00 | $35,150.00 | $42,000.00 |
| Other employee benefits | |||
| Professional services contracts | $139,000.00 | $130,000.00 | $107,000.00 |
| -West & Company | $10,000.00 | $11,000.00 | $12,000.00 |
| -Legal | $9,000.00 | $9,000.00 | $10,000.00 |
| -Shovel-ready Sites: Engineering/Realtor/Infrastructure Studies | $120,000.00 | $100,000.00 | $75,000.00 |
| -Grant Writer | $10,000.00 | $10,000.00 | |
| Supplies and Marketing Materials | $200.00 | ||
| -IDA Executive Director Jacket | $200.00 | ||
| Other operating expenditures | $49,220.00 | $73,500.00 | $73,030.00 |
| -Meetings & Conferences | $1,500.00 | $10,000.00 | $10,000.00 |
| -NYSEDC Membership | $900.00 | $900.00 | $900.00 |
| -FCCRG Gold Membership | $1,000.00 | $1,000.00 | $0.00 |
| -FMRCOC Membership | $400.00 | $400.00 | $400.00 |
| -IDA website | $15,000.00 | $15,000.00 | $15,000.00 |
| -Travel Mileage | $500.00 | ||
| -Miscellaneous | $250.00 | $1,000.00 | $1,000.00 |
| -Quicken | $70.00 | $80.00 | $100.00 |
| -Other Sponsorships | $5,000.00 | $20,000.00 | $20,000.00 |
| -County Sponsorship | $25,000.00 | $25,000.00 | $25,000.00 |
| -Town of Johnstown Fire Taxes: NYS Rt. 30A properties | $100.00 | $120.00 | $130.00 |
| Nonoperating Expenditures | $0.00 | $0.00 | |
| Payment of principal on debt | |||
| Interest and other financing charges | |||
| Other nonoperating expenditures: Tryon | $18,100.00 | $15,700.00 | $5,710,040.00 |
| – ESD FastNY Track C | |||
| -Water Upgrades Construction | $923,470.00 | ||
| -Wastewater Upgrades Construction | $2,779,320.00 | ||
| -Line of Credit Interest | $25,000.00 | ||
| – ESD PowerUP | |||
| -Property Aquisition | $1,000,000.00 | ||
| -National Grid Engineering | $510,000.00 | ||
| -1% Commitment Fee | $153,000.00 | ||
| – 10% Local Match | $303,000.00 | ||
| – Mowing/Sign | $12,000.00 | $9,000.00 | $9,500.00 |
| – Town of Johnstown Fire Tax | $600.00 | $700.00 | $750.00 |
| – Town of Perth Fire Tax | $0.00 | $0.00 | $0.00 |
| – NYMIR | $5,000.00 | $5,500.00 | $5,500.00 |
| – Miscellaneous | $500.00 | $500.00 | $500.00 |
| Total Expenditures | $0.00 | $0.00 | $5,932,270.00 |
| Capital Contributions | $0.00 | ||
| Excess (deficiency) of revenues and capital contributions over expenditures | $121,687.08 |