Typeset from the PDF of the official document — extraction method is not certified for this historical record; headings, motions and recorded votes are detected automatically, so spacing may differ from the original. The official copy governs.
OCIDA Projected 5 Year Budget
Operating Revenue Agency and other Fees $ 2,554,933 $ 2,554,933 $ 2,554,933 $ 2,554,933 $ 2,554,933 Rent Income $ 168,000 $ 168,000 $ 168,000 $ 168,000 $ 168,000 Grants and Donations $ 425,000 $ 425,000 $ 425,000 $ 425,000 $ 425,000 Other Income $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 Total Operating Revenue: $ 3,167,933 $ 3,167,933 $ 3,167,933 $ 3,167,933 $ 3,167,933 Non Operating Revenue Interest revenue $ 400,000 $ 400,000 $ 400,000 $ 400,000 $ 400,000 Pass-Through Revenue Pass-through Revenue - PILOT $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 10,000,000 Pass-through Revenue - WPCP $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ - $ - $ - $ - $ - Total Pass-through Revenue: $ 11,000,000 $ 11,000,000 $ 11,000,000 $ 11,000,000 $ 11,000,000 $ - $ - $ - $ - $ - Total Revenue $ 14,567,933 $ 14,567,933 $ 14,567,933 $ 14,567,933 $ 14,567,933 Operating Expenses General & Administrative $ 80,000 $ 80,000 $ 80,000 $ 80,000 $ 80,000 Administrative Expense - Onondaga County $ 1,142,933 $ 1,142,933 $ 1,142,933 $ 1,142,933 $ 1,142,933 Development Costs $ - $ - $ - $ - $ - White Pine Commerce Park $ 100,000 $ 100,000 $ 100,000 $ 100,000 $ 100,000 White Pine Science & Tech Park $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 Shoppingtown (3649 Erie Blvd E) $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 Roth Steel (800 Hiawatha Blvd) $ 100,000 $ 100,000 $ 100,000 $ 100,000 $ 100,000 Depreciation Expense $ - $ - $ - $ - $ - Professional Fees $ 130,000 $ 130,000 $ 130,000 $ 130,000 $ 130,000 Other Expenses $ - $ - $ - $ - $ - Meeting Expenses $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ - $ - $ - $ - $ - Operating Expenses: $ 3,567,933 $ 3,567,933 $ 3,567,933 $ 3,567,933 $ 3,567,933 $ - $ - $ - $ - $ - Pass-through Expense - PILOT $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 10,000,000 Pass-through Expense - WPCP $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ - $ - $ - $ - $ - Total Pass-through Expense: $ 11,000,000 $ 11,000,000 $ 11,000,000 $ 11,000,000 $ 11,000,000 $ - $ - $ - $ - $ - Total Operating Expenses: $ 3,567,933 $ 3,567,933 $ 3,567,933 $ 3,567,933 $ 3,567,933 $ - $ - $ - $ - $ - Total Expenses: $ 14,567,933 $ 14,567,933 $ 14,567,933 $ 14,567,933 $ 14,567,933 Revenue less Operating Expenses $ - $ - $ - $ - $ -