Troy Capital Resource Corporation

Chairman Board Members Kevin O’Bryan Paul Carroll Louis Anthony Vice‐Chair Tina Urzan Brian Carroll Susan Farrell AUDIT & FINANCE COMMITTEE MEETING Hon. Anasha Cummings Executive Director October 19, 2018 Steven Strichman Hon. Mark McGrath 10:00 a.m. Planning Department Conference Room City Hall AGENDA I. Budget Presentation II. Adjournment City Hall – 433 River Street, Suite 5001, Troy, New York 12180 Phone: 518.279.7166  Troy Capital Resource Corporation 2019 Proposed Budget 2017 2018 2018 2019 2020 2021 2022 2023 Actual Budget End of Year Budget Budget Budget Budget Budget Estimate Draft Draft Draft Draft Draft REVENUE & FINANCIAL SOURCES Operating Revenues - - - - - - - Charges for services - - - - - - - 1 Rentals & Financing Income $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 5 Other Operating Revenues - $ 10,000 - - - - - Nonoperating Revenues Investment earnings - - - - - - - State subsidies / grants - - - - - - - Federal subsidies / grants - - - - - - - Municipal subsidies / grants - - - - - - - Public authority subsidies - - - - - - - 2 Other Non-Operating Revenues $ 42 $ 115 $ 115 $ 115 $ 115 $ 115 $ 115 Proceeds from the issuance of debt - - - - - - - Total Revenues & Financing Sources $ 1,542 $ 1,500 $ 11,615 $ 1,615 $ 1,615 $ 1,615 $ 1,615 $ 1,615 EXPENDITURES Operating Expenditures Salaries and Wages - - - - - - - Other Employee Benefits - - - - - - - 3 Professional Service Contracts $ 8,610 $ 10,000 $ 11,000 $ 11,000 $ 11,000 $ 11,000 $ 11,000 $ 11,000 Supplies and Materials - - - - - - - Other Operating Expenditures - - - - - - - Nonoperating Expenditures Payment of prinicpal on bonds and financing arrangements - - - - - - - Interest and other financing charges - - - - - - - Subsidies to other public authorities - - - - - - - Capital asset outlay - - - - - - - 4 Grants and Donations $ 25,200 $ 20,000 $ 30,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 Other Non-Operating Expenditures - - - - - - - Total Expenditures $ 33,810 $ 30,000 $ 41,000 $ 31,000 $ 31,000 $ 31,000 $ 31,000 $ 31,000 Capital Contributions - - - - - - - Excess (deficiency) of revenues and capital contributions over expenditures $ (32,267) $ (28,500) $ (29,385) $ (29,385) $ (29,385) $ (29,385) $ (29,385) $ (29,385) 1 RPI Income 2 Interest Income 3 CFO, Legal, Audit 4 DRI income from County IDA $10K, Expense $20K + Powers Park, NIP, Enchanted Print Date 10/16/2018