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 and for-profit business enterprises in Genesee County and to the extent a for-profit or nonprofit business enterprise in Genesee County has operations directly or through affiliated entities in other counties in New York State, as of the date bonds are or are expected to be issued by the Corporation for the benefit of such business enterprise, GCFC is authorized to issue bonds for the benefit of such for-profit or nonprofit business enterprise and/or its affiliates in any county in New York as if such bonds are issued on behalf of Genesee County. 

 

GCFC Organizational Chart

GCFC Articles of Incorporation


GCFC Board Members

Peter Zeliff - Chairman

Term Start Date: August 3, 2017

Matthew Gray - Vice Chair

Term Start Date: June 4, 2020

Tom Turnbull - Secretary

Term Start Date: December 9, 2015

William Lapple - Treasurer 

Term Start Date: May 11, 2016

Maureen Marshall Torrey

Term Start Date: November 5, 2009

(Vacant)


GCFC Committees 

Audit & Finance Committee - Established April 13, 2011

Audit Committee Charter

Members

Matthew Gray (Committee Chair)

Tom Turnbull

Peter Zeliff

Governance Committee - Established April 13, 2011

Governance Committee Charter

Members

Matthew Gray  (Committee Chair)

Maureen Marshall Torrey

Peter Zeliff


GCFC Projects

 

Rochester Regional Health Energy Project

Application

Project Summary

Intent Resolution - October 2, 2025

Public Hearing - October 22, 2025 - Notice - Minutes - Participation LinkVideo

Bond Resolution - November 19, 2025

 

Rochester Regional Health

Initial Resolution - March 30, 2022

Public Hearing - April 20, 2022 - Minutes

Final Resolution - April 28, 2022

Bond Purchase Agreement

 

Genesee Community College Foundation Housing Services Inc.

Public Hearing - March 5, 2019 - Minutes

Bond Resolution - April 23, 2019

Bond Purchase Agreement

 

Mercy Flight Inc.

Public Hearing - July 17, 2017 - Minutes

Bond Purchase Agreement

 

UMMC

Public Hearing - May 15, 2015 - Minutes


GCFC Materials and Minutes

On-demand videos of board and committee meetings are available on Vimeo

March 25, 2026 - Notice - Agenda - Draft Minutes - Video

November 19, 2025 - Notice - Agenda - Minutes - Video

October 2, 2025 - Notice - Agenda - Minutes - Video

March 26, 2025 - Notice - Agenda - Minutes - Video

March 27, 2024 - Agenda - Minutes

March 29, 2023 - Agenda - Minutes

April 28, 2022 - Agenda - Minutes

March 30, 2022 - Agenda - Minutes

March 26, 2021 - Agenda - Minutes


GCFC Reports

Investment Reports - 2023 - 2024 - 2025

Procurement Reports2023 - 2024 - 2025

Real Property Listing2022 - 2023 - 2024

Public Authorities Annual Report - 2023 - 2024 - 2025

  • 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 Year2022 - 2023 - 2024

Management's Assessment of Internal Control Structure and procedures2022 - 2023 - 2024

NYS Local Public Authority Mission Statement & Measurements Report - 2023 - 2024 - 2025

Authority Self Evaluation of Prior Year Performance2022 - 2023 - 2024

Certificate Certifying the Financial Information and Annual Report - 2023 - 2024 - 2025

Independent Audit2023 - 2024 - 2025

Management Letter - 2023 - 2024 - 2025


GCFC Budget

GCFC 2025-2028 Budget Forecast

GCFC 2024-2027 Budget Forecast

GCFC 2023-2026 Budget Forecast


GCFC Policies

Bylaws

Code of Ethics

Whistleblower Policy

Procurement Policy

Investment Policy

Disposition of Real Property Guidelines

Attendance, Compensation, and Reimbursement 

Defense and Indemnification

Policy Prohibiting Extension of Credit