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Business Type Activity – Adams County Industrial Development Authority

The Authority leases office space from ACEDC, a related party, at 1300 ProLine Place, Gettysburg, Pennsylvania. The leased premises consist of approximately 3,059 square feet in the ACEDC/Career Link Building located in Straban Township, Adams County, Pennsylvania. The lease commenced on February 1, 2003, for an initial five-year term and renews automatically for four additional five-year terms unless either party provides written notice of termination at least 120 days prior to the expiration of the then-current term. In no event may the lease be renewed beyond the twenty-fifth year from the commencement date without a new instrument signed by the parties.

Rent under the lease is $18,000 per year, payable in twelve equal monthly installments of $1,500. The lease automatically renews at the same annual rent of $18,000

Future minimum lease payments under noncancellable leases are as follows as of December 31:

Business-Type Lease liability activity for the years ended December 31, 2025 was as follows:

Effective January 1, 1999, the County participates in the Pennsylvania Counties Workers Compensation Trust (the “Trust”) insurance pool for workers’ compensation insurance. Insurance premiums are developed based on employee job descriptions, rate factors, and payroll costs for the year. For the year ended December 31, 2025, the County was required to pay an insurance premium of $780,076 to the Trust. The Trust has an audit performed each year and the County may be required to pay an additional premium or entitled to a refund as a result of the audit. For the 2025 Trust audit, the County received a refund of $47,639.