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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:
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 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:
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 OCIDA 2026 Budget
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
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.