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
Finance Committee Meeting Agenda
July 17, 2025
Committee Members: Susan Stanczyk (Chair), Elizabeth Dreyfuss, Pat Hogan
Call to Order the Finance Committee Meeting
A. Approval of Minutes: October 10, 2024
Action Items:
1. Review of 2026 Draft Budget
Representative: Nate Stevens, Treasurer
Adjourn
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Finance Committee Meeting Minutes
October 10, 2024
A Finance Committee meeting of the Onondaga County Industrial Development Agency was held on
Thursday, October 10, 2024, at 335 Montgomery Street, Floor 2M, Syracuse, New York.
Susan Stanczyk called the meeting to order at 8:34 AM with the following in attendance:
PRESENT:
Susan Stanczyk
Patrick Hogan
Elizabeth Dreyfuss
ALSO PRESENT:
Robert M. Petrovich, Executive Director
Nate Stevens, Treasurer
Alexis Rodriguez, Secretary
Robert Schoeneck, Assistant Treasurer
McKenna Moonan, Assistant Secretary
Jeffrey Davis, Esq., Agency Counsel
Approval of Meeting Minutes: July 18, 2024
Upon motion by Pat Hogan, seconded by Elizabeth Dreyfuss, the Committee approved the meeting
minutes of July 18, 2024. Motion was carried.
Action Items:
1. Self-Evaluation of the Committee
Alexis Rodriguez noted that all members of the Committee completed the evaluations.
Susan Stanczyk read the action requested, “A resolution of the Committee to transmit the
summary evaluation without comment to the Governance Committee for review and
recommendation to the Board.” Motion was made by Patrick Hogan, seconded by Elizabeth
Dreyfuss. Motion was carried.
2. Review of Committee Charter
Alexis Rodriguez noted that there have been no changes made to the Committee’s Charter.
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Susan Stanczyk read the action requested, “A resolution of the Committee to transmit the
Committee Charter without comment to the Governance Committee for review and
recommendation to the Board.” Motion was made by Patrick Hogan, seconded by Elizabeth
Dreyfuss. Motion was carried.
3. Draft Annual Report (2024 Fiscal Year)
Alexis Rodriguez noted that the Annual Report outlined the meetings held and the activity of
the Committee throughout the year.
Susan Stanczyk read the action requested, “A Resolution of the Committee to transmit the
Committee Annual Report without comment to the Governance Committee for review and
recommendation to the Board.” Motion was made by Patrick Hogan, seconded by Elizabeth
Dreyfuss. Motion was carried.
4. 2025 Agency Budget
Nate Stevens noted that there have been no changes made to the budget it was presented to
the Committee in July.
Susan Stanczyk read action requested, “A Resolution of the Committee to transmit the 2025
Agency Budget to the full Board for adoption.” A motion was made by Patrick Hogan and
seconded by Elizabeth Dreyfuss. Motion was carried.
Motion to adjourn was made by Patrick Hogan and seconded by Elizabeth Dreyfuss at 8:36 AM.
___________________________________
Alexis Rodriguez, Secretary
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OCIDA 2026 Draft Budget as of June 30, 2025
1. Operating Expenses/Program Expenses
2025 Budget 2025 YTD 2026 Budget
Onondaga County - Contractual Support Services $ 950,000 $ 308,499 $ 950,000
General & Administrative $ 1,300,000 $ 771,307 $ 1,300,000
Other Pass-through Expense $ 3,700,000 $ 2,255,248 $ 3,700,000
Depreciation Expense $ 30,000 $ - $ 30,000
Professional Services $ 350,000 $ 50,579 $ 350,000
Marketing Expense $ 200,000 $ 23,273 $ 200,000
Other Expenses $ 200,000 $ 1,614 $ 200,000
Conferences/Project Events $ 50,000 $ - $ 50,000
Office Expenses/Meeting Expenses $ 50,000 $ - $ 50,000
Total Operating/Program Expenses $ 6,830,000 $ 3,410,520 $ 6,830,000
2. Revenue 2025 Budget 2025 YTD 2026 Budget
Agency Revenues $ 2,800,000 $ 2,188,536 $ 2,800,000
Other Pass-through Income $ 3,700,000 $ 2,225,032 $ 3,700,000
Rent Income $ 15,000 $ 7,346 $ 15,000
Grant Income/Reimbursement $ 15,000 $ 9,814 $ 15,000
Other Income $ 50,000 $ 17,953 $ 50,000
Interest Income $ 250,000 $ 216,799 $ 250,000
Total Revenue $ 6,830,000 $ 4,665,479 $ 6,830,000
Revenue - Expenses $ - $ 1,254,960 $ -
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