County development agency adopts budget
JOHNSTOWN – The Fulton County Industrial Development Agency last week adopted its 2017 agency budget, which is slightly lower than the 2016 budget.
The IDA board met Tuesday at the Fort Johnstown Annex, and the 2017 budget carrying $154,066 in appropriations was approved. That figure is slightly below the $160,816 set aside for this year.
“The final budget was adopted,” IDA Executive Director James Mraz said Friday. “For the most part, it’s the same [figure as 2016].”
The IDA budget for the current year included the sale of land to Johnstown Renewables, a whey processing company in the Johnstown Industrial Park, and the lot sale for medical marijuana manufacturer Vireo Health at the Tryon Technology Park.
Although the IDA owns Tryon – its biggest expense – Mraz said the Tryon budget is not expected to increase next year.
The budget shows 2017 expenditures for the park in the town of Perth, which the IDA owns, expected to be $105,322. That is lower than the $114,322 budget for the current year.
The IDA noted Johnstown Renewables started site work on July 19 and Mraz said work has been ongoing.
The agency includes two salaries – that of Mraz and a CFO – which combined are going up slightly from $23,534 budgeted for 2016 to $24,034 budgeted for for 2017.
Revenues contained in the 2017 budget include: nonoperating revenues – $119,005; municipal and public authorities grants – $35,000; and $2,700 in other revenues, such as a $400 administrative fee for town of Johnstown water bottling firm CG Roxane.LLC.
Expenditures in the 2017 IDA budget include: $18,000 in professional services contracts such as legal costs, accounting by West & Company, and $3,000 for the regional business park, proposed for Route 30A.
Other 2017 operating expenditures in the budget for 2017 includes: meetings – $700; New York State Empire Development Corp. membership -$750; town of Johnstown fire taxes – $60; mileage – $250; and a Fulton County Center for Regional Growth gold membership – $1,000.
Michael Anich covers Johnstown and Fulton County news. He can be reached at email@example.com.