Genesee County Funding Corp. (GCFC)

Genesee County Funding Corp. (GCFC) Mission

The GCFC’s mission is to assist local economic development efforts by serving in a conduit financing capacity enabling the issuance of taxable and non-taxable debt to benefit the growth, expansion, on-going operations and continued viability of non-profit business enterprises in Genesee County thereby helping to maintain a sustainable long-term economy.

 GCFC Organizational Chart

 GCFC Articles of Incorporation


GCFC Board Members

Pete Zeliff - Chairman
Term Start Date: August 3, 2017
 
Matthew Gray - Vice Chairman
Term Start Date: June 4, 2020
 
Tom Turnbull- Secretary
Term Start Date: December 9, 2015
 
Maureen Marshall Torrey
Term Start Date: November 5, 2009
 
Hollis Upson- Treasurer 
Term Start Date: November 5, 2009
 
William Lapple
Term Start Date: May 11, 2016

GCFC Committees 

Audit & Finance Committee - Established April 13, 2011
Audit Committee Charter
Members
Matthew Gray (Committee Chair)
Tom Turnbull
Hollis Upson
Governance Committee - Established April 13, 2011
Governance Committee Charter
Members
Hollis Upson  (Committee Chair)
Maureen Marshall Torrey 
Peter Zeliff

GCFC Approved Projects

Rochester Regional Health (2022)
Initial Resolution - Approved March 30, 2022
Final Resolution - Approved April 28, 2022
Bond Purchase Agreement
Genesee Community College Foundation Housing Services Inc. (2019)
Bond Purchase Agreement
Bond Resolution - Approved April 23, 2019
Mercy Flight Inc. (2017) - Bond Purchase Agreement

GCFC Materials and Minutes

May 15, 2015 - UMMC Public Hearing Notice
May 15, 2015 - UMMC Public Hearing Minutes
July 17, 2017 - Mercy Flight Public Hearing Notice
July 17, 2017 - Mercy Flight Public Hearing Minutes
March 5, 2019 - GCC Foundation Housing Services Corp. - Public Hearing Notice
March 5, 2019 - GCC Foundation Housing Services Corp. - Public Hearing Minutes
March 25, 2020 - Notice - Agenda - Minutes
March 26, 2021 - Notice - Agenda - Minutes
March 30, 2022 - Notice - Agenda - Minutes
April 20, 2022 - Rochester Regional Health - Public Hearing Notice
April 20, 2022 - Rochester Regional Health - Public Hearing Minutes
April 28, 2022 - Notice - Agenda - Minutes

GCFC Reports

Investment Reports - 2019, 2020, 2021
Procurement Reports - 2019, 2020, 2021
Real Property Listing - 2019, 2020, 2021
Public Authorities Annual Report - 2019, 2020, 2021
  • Real Property Disposal Reports - see annual report
  • Subsidiaries, Affiliates and Major Authority Units - see annual report
  • Schedule of Debt - see annual report
  • Personal Property Disposal - see annual report
List of Board Members and Executives making over $100,000 per year- 2019, 2020, 2021
Management's Assessment of Internal Control Structure and procedures- 2020, 2021, 2022
GCFC Certificate of the CEO and CFO Certifying the Financial Information and Annual Report - 2018, 2019, 2020
NYS Local Public Authority Mission Statement & Measurement Report- 2019, 2020, 2021
GCFC Authority Self Evaluation of Prior Year Performance - 2019, 20202021
Independent Audit - 2019, 2020, 2021
Management Letter - 2019, 2020, 2021

GCFC Budget

GCFC 2022-2025 Budget Forecast
GCFC 2021-2024 Budget Forecast
GCFC 2020-2023 Budget Forecast

GCFC Policies

By Laws
Code of Ethics
Whistle Blower Policy
Procurement Policy
Investment Policy
Disposition of Real Property Guidelines
Attendance, Compensation, and Reimbursement 
Defense and Indemnification 
Policy Prohibiting Extension of Credit 

 

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