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CCDC FY13 BUDGET DRAFT SHOWING REQUIRED ABO/PARIS REPORTING FORMAT Cayuga County Development Corporation - CCDC FY12 Budget & Financial Plan Budgeted Revenues, Expenditures, and Changes in Current Net Assets Last Year (Actual 2010) Current Year (Est. 2011) Next Year (Adopted 2012) Proposed 2013 Proposed 2014 Proposed 2015 REVENUES AND FINANCIAL SOURCES Operating Revenues: Charges for Service - $ - $ - $ 250.00 $ 250.00 $ Rent & Financing Income - $ - $ 3,988.00 $ 3,988.00 $ 3,988.00 $ 3,988.00 $ Other Operating Revenues - $ - $ - $ - $ - $ - $ Nonoperating Revenues: Investment Earnings 566.00 $ 585.00 $ 585.00 $ 595.00 $ 600.00 $ 610.00 $ State subsidies / grants - $ - $ - $ - $ - $ - $ Federal Susidies / grants - $ - $ - $ - $ - $ - $ Municipal Subsidies / grants - $ - $ - $ - $ - $ - $ Public Authority Subsidies - $ - $ - $ - $ - $ - $ Other Nonoperating Revenues - $ - $ - $ - $ - $ - $ Proceeds from the Issuance of Debt: - $ - $ - $ - $ - $ - $ Total Revenues & Financing Sources: 566.00 $ 585.00 $ 4,573.00 $ 4,583.00 $ 4,838.00 $ 4,848.00 $ Current Year (Est. 20 Current Year (Est. 2012) Next Year (Adopted 2013) Proposed 2014 Proposed 2015 Proposed 2016 EXPENDITURES Operating Expenditures: Salaries & Wages - $ - $ - $ - $ - $ - $ Other employee benefits - $ - $ - $ - $ - $ - $ Professional Services Contracts 509.00 $ 850.00 $ 1,000.00 $ 1,000.00 $ 1,200.00 $ 1,200.00 $ Supplies and Materials - $ - $ - $ - $ - $ - $ Other operating expenditures - $ - $ - $ - $ - $ - $ Nonoperating Expenditures: Payment of Principal on Bonds and financing arrangements: - $ - $ - $ - $ - $ - $ Interest and other fin. Charges* - $ - $ - $ - $ - $ - $ Subsidies to other pub. auth. - $ - $ - $ - $ - $ - $ Capital Asset Outlay - $ - $ - $ - $ - $ - $ Grants and Donations - $ - $ - $ - $ - $ - $ Other Nonoperating Expend. - $ - $ - $ - $ - $ - $ Total Expenditures: 509.00 $ 850.00 $ 1,000.00 $ 1,000.00 $ 1,200.00 $ 1,200.00 $ Capital Contributions - $ - $ - $ - $ - $ - $ Excess (deficiency) of revenues & capital contributions over expenditures: 57.00 $ (265.00) $ 3,573.00 $ 3,583.00 $ 3,638.00 $ 3,648.00 $ * Note: $67K entry under Interest and Other Financing Charges in FY11Actual represents write-off of loan due to company bankruptcy PRELIMINARY DRAFT FOR CCDC BOARD REVIEW - FOR DISCUSSION ONLY