Machine-extracted (OCR) from the official document — formatting is approximate; the official copy governs.
335 MONTGOMERY STREET, FLOOR 2M, SYRACUSE, NY 13202
315.435.3770 • ECONOMICDEVELOPMENT@ONGOV.NET • ONGOVED.COM
Finance Committee Meeting Agenda
October 23, 2025
Committee Members: Susan Stanczyk (Chair), Patrick Hogan, Elizabeth Dreyfuss
Call to Order the Finance Committee Meeting
A. Approval of Minutes: July 17, 2025
Action Items:
1. Finance Committee Charter
Action Requested:
a. A resolution of the Committee to transmit the Committee Charter with/without
comment to the Governance Committee for review and recommendation to the Board.
2. 2026 Agency Budget
Action Requested:
a. A resolution of the Committee to transmit the 2026 Agency Budget to the full Board for adoption.
Representative: Nate Stevens, Treasurer
Adjourn
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Finance Committee Meeting Minutes
July 17, 2025
A Finance Committee meeting of the Onondaga County Industrial Development Agency was held on
Thursday, July 17, 2025, at 335 Montgomery Street, Floor 2M, Syracuse, New York.
Patrick Hogan called the meeting to order at 8:30 AM with the following in attendance:
PRESENT:
Patrick Hogan
Elizabeth Dreyfuss
ABSENT:
Susan Stanczyk
ALSO PRESENT:
Robert M. Petrovich, Executive Director
Nate Stevens, Treasurer
Alexis Rodriguez, Secretary
Robert Schoeneck, Assistant Treasurer
Evan Carter, Assistant Secretary
Amanda Fitzgerald, Esq., Agency Counsel
Jeffrey Davis, Esq., Agency Counsel
Approval of Meeting Minutes: October 10, 2024
Upon motion by Elizabeth Dreyfuss, seconded by Patrick Hogan, the Committee approved the
Finance Committee meeting minutes of October 10, 2024. Motion was carried.
Action Items:
1. Review of 2026 Draft Budget
Nate Stevens noted that this is a draft budget for the Committee to review. The final budget
will be presented to the Committee in October for review and submission to the full Board
for approval. He advised that there have been no changes to the budget, as he does not see
any operational changes in 2026.
Motion to adjourn was made by Elizabeth Dreyfuss and seconded by Patrick Hogan at 8:32 AM.
___________________________________
Alexis Rodriguez, Secretary
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OCIDA 2026 Budget
1. Operating Expenses/Program Expenses
2025 Budget 2026 Budget 2027 Budget 2028 Budget 2029 Budget
Onondaga County - Contractual Support Services $ 950,000 $ 950,000 $ 950,000 $ 950,000 $ 950,000
General & Administrative $ 1,300,000 $ 1,300,000 $ 1,300,000 $ 1,300,000 $ 1,300,000
Pass-through Expense (PILOT Payments) $ 9,500,000 $ 9,500,000 $ 9,500,000 $ 9,500,000 $ 9,500,000
Other Pass-through Expense $ 3,700,000 $ 3,700,000 $ 3,700,000 $ 3,700,000 $ 3,700,000
Depreciation Expense $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000
Professional Services $ 350,000 $ 350,000 $ 350,000 $ 350,000 $ 350,000
Marketing Expense $ 200,000 $ 200,000 $ 200,000 $ 200,000 $ 200,000
Other Expenses $ 200,000 $ 200,000 $ 200,000 $ 200,000 $ 200,000
Conferences/Project Events $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000
Office Expenses/Meeting Expenses $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000
Total Operating/Program Expenses $ 3,130,000 $ 3,130,000 $ 3,130,000 $ 3,130,000 $ 3,130,000
2. Revenue
2025 Budget 2026 Budget 2027 Budget 2028 Budget 2029 Budget
Agency Revenues $ 3,000,000 $ 2,800,000 $ 2,800,000 $ 2,800,000 $ 2,800,000
Pass-through Income (PILOT Payments) $ 9,500,000 $ 9,500,000 $ 9,500,000 $ 9,500,000 $ 9,500,000
Other Pass-through Income $ 3,700,000 $ 3,700,000 $ 3,700,000 $ 3,700,000 $ 3,700,000
Rent Income $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000
Grant Income/Reimbursement $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000
Other Income $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000
Interest Income $ 50,000 $ 250,000 $ 250,000 $ 250,000 $ 250,000
Total Revenue $ 3,130,000 $ 3,130,000 $ 3,130,000 $ 3,130,000 $ 3,130,000
*Pass-through expenses and Pass-through income are not included in the subtotals.
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