2014-02-12T17:35:13-06:00 2013-06-30 161131146 BONADIO & CO LLP 171 SULLYS TRAIL SUITE 201 PITTSFORD NY 14534 990 2012-07-01 150532239 ST LAWRENCE UNIVERSITY STLA 3152295563 23 ROMODA DRIVE CANTON NY 136171423 KATHRYN MULLANEY 3152295563 2014-02-11 1 JOSEPH PEPLIN P01311564 5853811000 2012 2015-11-30 17:44:51Z KATHRYN MULLANEY 23 ROMODA DRIVE CANTON NY 136171423 187803701 0 X STLAWU.EDU X 1856 NY THE MISSION OF ST. LAWRENCE IS TO PROVIDE AN INSPIRING AND DEMANDING UNDERGRADUATE EDUCATION IN THE LIBERAL ARTS TO STUDENTS SELECTED FOR THEIR SERIOUSNESS OF PURPOSE AND INTELLECTUAL PROMISE. 37 35 2537 525 4852340 0 14498543 12242748 132260966 139266746 8711192 7297344 1290620 1359131 156761321 160165969 49175721 53691393 0 0 56871693 60358150 0 174000 4358278 45606063 49587825 151653477 163811368 5107844 -3645399 436594003 457537198 141811902 143207934 294782101 314329264 THE MISSION OF ST. LAWRENCE UNIVERSITY IS TO PROVIDE AN INSPIRING AND DEMANDING UNDERGRADUATE EDUCATION IN LIBERAL ARTS TO STUDENTS SELECTED FOR THEIR SERIOUSNESS OF PURPOSE AND INTELLECTUAL PROMISE. 0 0 144295855 53691393 135751547 ST. LAWRENCE UNIVERSITY IS A FOUR YEAR, PRIVATE, LIBERAL ARTS HIGHER EDUCATION INSTITUTION LOCATED IN CANTON, NEW YORK. THE TOTAL PROGRAM EXPENSES ARE DIRECTED TO THE STUDENT BODY OF APPROXIMATELY 2,400 FOR THE PURPOSE OF PREPARING THEM TO BE CRITICAL AND CREATIVE THINKERS, TO FIND A COMPASS FOR THEIR LIVES AND CAREERS, AND TO PURSUE KNOWLEDGE AND UNDERSTANDING FOR THE BENEFIT OF THEMSELVES, HUMANITY, AND THE PLANET. 144295855 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 0 1 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 1 3 0 1 2537 1 1 1 1 KE SP UK FR 0 0 0 1 1 0 0 0 0 0 0 0 X 37 35 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X KATHRYN MULLANEY 3152295897 23 ROMODA DRIVE CANTON NY 136171423 WILLIAM FOX 40.00 X X 406547 0 71065 JEFFREY BOYD 2.00 X X 0 0 0 BARRY PHELPS 2.00 X X 0 0 0 JEFF BOYD 2.00 X 0 0 0 KAREN DIESL BRUETT 2.00 X 0 0 0 JOANN CAMPBELL 2.00 X 0 0 0 MIKE CLARK 2.00 X 0 0 0 GEORGE COCHRAN 2.00 X 0 0 0 ANDRE COUTURE 2.00 X 0 0 0 BILL CROMBIE 2.00 X 0 0 0 JENNIFER CURLEY REICHERT 2.00 X 0 0 0 JOHN DWIGHT 2.00 X 0 0 0 GREG FERRERO 2.00 X 0 0 0 SHAREE FREEMAN 2.00 X 0 0 0 CHERYL GRANDFIELD 2.00 X 0 0 0 SAMANTHA SEMERAD GUERRY 2.00 X 0 0 0 ERIC HANSON 2.00 X 0 0 0 HOOK HUANG 2.00 X 0 0 0 PETER HUNT 2.00 X 0 0 0 JAY IRELAND 2.00 X 0 0 0 R SHEL JOHNSON 2.00 X 0 0 0 C KIRK KELLOGG 2.00 X 0 0 0 DAVID LAIRD 2.00 X 0 0 0 DAVID MACALLASTER 2.00 X 0 0 0 KATY MACKAY 2.00 X 0 0 0 BREANNE MALLOY MADIGAN 2.00 X 0 0 0 PAT MARTIN 2.00 X 0 0 0 DAVID OFFICER 2.00 X 0 0 0 AMANDA PEARSON 2.00 X 0 0 0 DERRICK PITTS 2.00 X 0 0 0 MICHAEL W RANGER 2.00 X 0 0 0 TZVETA RAYNOVA 2.00 X 0 0 0 SARAH JOHNSON REDLICH 2.00 X 0 0 0 JOHN RICHARDSON 2.00 X 0 0 0 DON ROSE 2.00 X 0 0 0 TOM SADDLEMIRE 2.00 X 0 0 0 MARION ROACH SMITH 2.00 X 0 0 0 ELLY TATUM 2.00 X 0 0 0 JIM TYLER 2.00 X 0 0 0 DONNA WINSTON 2.00 X 0 0 0 KATHRYN MULLANEY 40.00 X 169825 0 31663 LISA CANIA 40.00 X 207579 0 22466 VALERIE LEHR 40.00 X 189595 0 26396 JEFF RICKEY 40.00 X 163787 0 24683 JOE TOLLIVER 40.00 X 160096 0 44676 TOM EVELYN 40.00 X 150074 0 30100 LAURA ELLIS 40.00 X 200377 0 19859 THOMAS PYNCHON 40.00 X 153185 0 76845 MARGARET STRAIT 40.00 X 132738 0 28163 DAVID HORNUNG 40.00 X 149833 0 21451 GREG CARVEL 40.00 X 145263 0 20440 CAROL GABLE 40.00 X 126478 0 56446 MIKE ARCHIBALD 0.00 X 179167 0 0 2534544 0 474253 43 1 1 0 MCKINNEY MACDONALD ARCHITECTS 11 BRITISH AMERICAN BLVD LATHAM NY 12110 ARCHITECT SERVICES 553096 CAMBRIDGE ASSOCIATES 100 SUMMER ST BOSTON MA 02110 INVESTMENT MANAGEMENT 413432 COPELAND COATING CO INC 3600 US RT 20 NASSAU NY 12123 ARCHITECT SERVICES 376295 COMMUNITY COUNSELING SERVICES 461 FIFTH AVE NY NY 10018 FUNDRAISING CONSULTING 174000 GIBSON & SONS INC 266 PIKE RD CANTON NY 13617 GARBAGE, RECYCLING 171472 9 1711362 10531386 12242748 TUITION 611600 107799709 107799709 CAMPUS HOUSING 721000 13381908 13381908 FOOD SVC 722210 11512469 11512469 HOTEL 721110 3627155 261442 3365713 OTHER 611710 2580447 1699295 881152 365058 4525 360533 139266746 3262482 -21990 3284472 29636533 25601671 4034862 4034862 4034862 3333569 2036061 1297508 1037661 259847 FEDERAL UBIT REFUND 900099 54538 54538 ADVERTISING 900099 7085 7085 61623 160165969 135751547 4852340 7319334 53691393 53691393 2978863 1136890 1178553 663420 42048763 36995236 3595761 1457766 4000136 3426169 389837 184130 8113780 6904585 837224 371971 3216608 2765760 306215 144633 143336 6927 136409 152312 8049 144263 174000 174000 2517589 2517589 3932335 2458842 1451177 22316 407939 355035 51490 1414 6390534 5885300 362817 142417 1346433 706651 637887 1895 6855141 6106031 742210 6900 3323909 2923002 183025 217882 143538 114192 16871 12475 4245401 4245401 9840460 8383586 1008712 448162 596258 99305 440802 56151 OTHER CONTRACT SERVICES 5331670 4298367 797437 235866 R&B ALLOWANCE 2106495 2103658 285 2552 OTHER 834683 697614 137069 ENTERTAINMENT 820268 384338 221602 214328 599524 599524 163811368 144295855 15157235 4358278 1341543 1217927 14343967 12662897 12173499 11365694 1875249 2535595 3259196 3323358 2139977 2084978 2855081 3179483 301013225 143104511 157835150 157908714 77701715 83179842 163068626 180078710 436594003 457537198 10056559 11856841 3525591 3554929 102430000 99090000 1000000 900000 24799752 27806164 141811902 143207934 X 96888999 99455484 84291113 99543121 113601989 115330659 294782101 314329264 436594003 457537198 X -3645399 23696045 -503483 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 31915 1 1 112258 6437855 X X X 0 230276122 2040143 29932934 5232475 3079747 2515589 251421388 239821954 5400799 -4775212 5287292 3958213 925914 230276122 204360000 7099602 39803299 4790378 5678082 972487 239821954 188161000 4500358 26018069 4656803 8676049 986575 204360000 244832149 3036743 -43983129 7100685 8039369 584327 188161382 0.24000 0.44000 0.32000 0 0 2662483 2662483 249207126 116340634 132866492 49143616 26763877 22379739 157908714 MUTUAL FUNDS AND LIMITED PARTNERSHIPS 180078710 F 180078710 ANNUITIES AND DEFERRED GIVING OBLIGATIONS 3993862 FEDERAL STUDENT LOAN FUNDS 3014752 ACCRUED PENSION AND POST RETIREMENT BENEFITS 5251375 CAPITAL LEASE 1680092 CONDITIONAL ASSET RETIREMENT OBLIGATION 4030181 FAIR VALUE OF SWAP AGREEMENT 2003700 UNAMORTIZED PREMIUM/DISC 7832202 27806164 X 185843537 23696045 2036061 25732106 160111431 54538 54538 160165969 112101498 2036061 2036061 110065437 53745931 53745931 163811368 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: FOR TAX-EXEMPT ENTITIES, THEIR TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, SINCE EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. AS OF JUNE 30, 2013 AND 2012, THE UNIVERSITY DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE UNIVERSITY FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND NEW YORK STATE. AS THE THREE YEAR EXAMINATION PERIOD HAS ELAPSED, THE UNIVERSITY IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS THROUGH 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF SALES PART XI, LINE 4B - OTHER ADJUSTMENTS: FEDERAL UBIT REFUND PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF SALES PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID FEDERAL UBIT REFUND 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE STUDENT BODY IS DRAWN FROM ALL PARTS OF THE UNITED STATES AND MANY FOREIGN COUNTRIES. THE UNIVERSITY MEETS THE REQUIREMENTS OF REV PROC 75-50, SEC 7 03-2(B). FINANCIAL AID SCHEDULE E, LINE 6 ST. LAWRENCE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM THE STATE OF NEW YORK. IN THE YEAR ENDED JUNE 30, 2013, THE UNIVERSITY RECEIVED $304,400 FOR THE HIGHER EDUCATION OPPORTUNITY PROGRAM, $176,000 FOR THE BUNDY AID PROGRAM, AND SOME SMALLER AMOUNTS FROM STATE FOR RESEARCH GRANTS. THE UNIVERSITY ALSO RECEIVES FEDERAL AWARDS AND GRANTS, PRIMARILY FINANCIAL AID, AWARDED TO ITS STUDENTS (E.G. TITLE IV CAMPUS BASED PROGRAMS). THE UNIVERSITY ALSO RECEIVED SOME SMALLER FEDERAL AWARDS FROM AGENCIES SUCH AS THE DEPARTMENT OF EDUCATION FOR THE MCNAIR PROGRAM. EUROPE 3 6 PROGRAM SERVICES EDUCATION ABROAD PROGRAMS 2436939 SUB SAHARA AFRICA 1 16 PROGRAM SERVICES EDUCATION ABROAD PROGRAMS 757686 4 22 0 0 4 22 3194625 0 3194625 1 0 0 1 1 0 X X X X X X X 1 COMMUNITY COUNSELING SERVICES 461 FIFTH AVE NEW YORK NY 10017 CONSULTING 0 0 174000 -174000 174000 -174000 NY DESCRIPTION OF CONSULTING ACTIVITY SCHEDULE G, PART 1 CCS PROVIDED CONSULTING TO INCREASE EFFECTIVENESS OF MAJOR GIFT AND DONOR RELATIONS PROGRAMS AND TO IMPROVE MANAGEMENT PROCESSES. THEY ALSO COORDINATED FUNDRAISING FOR A MAJOR CAPITAL PROJECT. 0 FINANCIAL AID 2140 53691393 SCHEDULE I, PART I, LINE 2 FINANCIAL AID NEED BASED FINANCIAL AID COMPRISES THE LARGER PART OF THE GRANTS DESCRIBED IN PART III. THESE GRANTS ARE AWARDED FOR A MAXIMUM OF EIGHT SEMESTERS UPON ANNUAL REAPPLICATION, SUBJECT TO SATIFACTORY ACADEMIC AND SOCIAL STANDING. MERIT BASED AID COMPRISES THE REMAINDER OF GRANTS AND ASSISTANCE AND REQUIRES MAINTENANCE OF A MINIMUM GRADE POINT AVERAGE OF 3.0. X X X X 0 1 X X X X 1 0 0 0 0 0 0 0 0 WILLIAM FOX 323500 0 0 0 83047 0 42246 0 28819 0 477612 0 78226 0 KATHRYN MULLANEY 168827 0 0 0 998 0 17562 0 14101 0 201488 0 0 0 LISA CANIA 142800 0 0 0 64779 0 14280 0 8186 0 230045 0 62124 0 VALERIE LEHR 189203 0 0 0 392 0 19170 0 7226 0 215991 0 0 0 JEFF RICKEY 163193 0 0 0 594 0 16500 0 8183 0 188470 0 0 0 JOE TOLLIVER 159225 0 0 0 871 0 15923 0 28753 0 204772 0 0 0 TOM EVELYN 149946 0 0 0 128 0 15700 0 14400 0 180174 0 0 0 LAURA ELLIS 177500 0 0 0 22877 0 17750 0 2109 0 220236 0 0 0 THOMAS PYNCHON 152870 0 0 0 315 0 16352 0 60493 0 230030 0 0 0 MARGARET STRAIT 132045 0 0 0 693 0 14110 0 14053 0 160901 0 0 0 DAVID HORNUNG 147821 0 0 0 2012 0 14843 0 6608 0 171284 0 0 0 GREG CARVEL 138192 0 0 0 7071 0 6250 0 14190 0 165703 0 0 0 CAROL GABLE 126246 0 0 0 232 0 13391 0 43055 0 182924 0 0 0 MIKE ARCHIBALD 148667 0 0 0 30500 0 0 0 0 0 179167 0 0 0 PART I, LINE 4A MIKE ARCHIBALD RECEIVED SEVERANCE PAY PLUS TUITION BENEFITS. SUPPLEMENTAL INFORMATION PART III THE PRESIDENT'S SPOUSE MAY ACCOMPANY THE PRESIDENT AT UNIVERSITY EXPENSES ON SOME OFFICIAL VISITS. THE UNIVERSITY PAYS SOCIAL CLUB DUES FOR THE PRESIDENT AND FOR HOUSEKEEPING SERVICES AT THE PRESIDENT'S OFFICIAL ON CAMPUS RESIDENCE. THE PRESIDENT AND VICE PRESIDENT/DEAN OF STUDENT LIFE ARE PROVIDED TAX FREE ON CAMPUS ACCOMODATION FOR THE CONVENIENCE OF THE UNIVERSITY AND AS A CONDITION OF THEIR EMPLOYMENT, IN ORDER TO BE AVAILABLE FOR CAMPUS OVERSIGHT AND SUPERVISION WHEN REQUIRED. THE VALUE OF THIS BENEFIT IS REFLECTED IN THE FIGURES REPORTED ON THE FORM 990, PART VII AND SCHEDULE J IN THE AMOUNT OF $25,800 FOR THE PRESIDENT AND $20,400 FOR THE DEAN OF STUDENT LIFE. SUPPLEMENTAL INFORMATION PART III BENEFITS NOTED IN PART I, LINE 1A ARE A LONG STANDING PRACTICE OF THE UNIVERSITY NOT FORMALIZED IN ANY WRITTEN POLICY. ALL EXPENSES ARE REVIEWED AND APPROVED BY THE VICE PRESIDENT OF FINANCE. THE TOTAL VALUE OF THE BENEFITS PROVIDED TO THE PRESIDENT AND NOTED IN PART I, LINE 1A IS APPROXIMATELY $30,000 OF WHICH $25,800 IS ALLOCABLE TO THE ON-CAMPUS RESIDENCE DESCRIBED IN THE NOTE ABOVE. SUPPLEMENTAL INFORMATION PART III NONTAXABLE BENEFITS FOR MS. GABLE AND MR. PYNCHON, INCLUDE THE VALUE OF TUITION EXCHANGE/REMISSION FOR DEPENDENTS. A ST LAWRENCE COUNTY IDA CIVIC DEV BONDS 272614310 791078AZ1 2012-12-19 46819980 ADVANCE REFUND NYS DORM AUTH 2008 SERIES 0 0 0 B NYS DORM AUTHORITY BONDS 2008 SERIES 146000293 649903X55 2008-07-17 47950000 CAMPUS RENOVATIONS AND ADVANCE REFUND 1998 SERIES BOND 1 0 0 C ST LAWRENCE COUNTY IDA CIVIC FAC REV BONDS 160991283 791097GH7 2005-12-07 20850000 NEW SCIENCE CENTER 0 0 0 A 45973051 547374 299555 0 1 1 1 B 1155000 46795000 47950000 37231459 596867 10121674 0 1 1 1 C 7785000 20850000 843311 20006689 0 0 1 1 A 0 0 0 0 0.01680 0.01680 0 0 0 B 0 0 0 0 0.01680 0.01680 0 0 0 C 0 0 0 1 1 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 A 0 NORTHLAND ASSOCIATES JAMES TYLER 12450000 AWARD CONSTRUCTION PROJ 0 DIAMOND CASTLE LP MICHAEL RANGER 2613587 PRIVATE EQUITY INVESTMENT 0 SARAH JOHNSON TRUSTEE 228000 EXCHANGED HOUSES 0 PART IV BUSINESS TRANSACTIONS INVOLVING PERSONS IN THE FISCAL YEAR ENDED 6/30/13, THE UNIVERSITY SOLICITED PROPSALS FOR CONSTRUCTION OF A NEW RESIDENCE HALL. AFTER CAREFUL REVIEW, NORTHLAND ASSOCIATES WAS SELECTED AS THE GENERAL CONTRACTOR FOR THIS PROJECT. TRUSTEE JAMES TYLER IS PRESIDENT AND OWNER OF NORTHLAND ASSOCIATES. NO PAYMENTS WERE MADE DURING THE FISCAL YEAR, BUT PAYMENTS TO NORTHLAND FOR THIS PROJECT OVER THE NEXT 2 YEARS ARE EXPECTED TO TOTAL $12,450,000. PART IV BUSINESS TRANSACTIONS INVOLVING PERSONS SEVERAL YEARS AGO, THE UNIVERSITY INVESTMENT COMMITTEE COMMITTED $5,000,000 TO THE PRIVATE EQUITY FUND DIAMOND CASTLE, L.P. CURRENT TRUSTEE, MICHAEL RANGER, IS A GENERAL PARTNER IN DIAMOND CASTLE. HE WAS NOT A TRUSTEE WHEN THE UNIVERSITY FIRST INVESTED WITH DIAMOND CASTLE. THE VALUE OF THE UNIVERSITY'S INVESTMENT WITH DIAMOND CASTLE AT 6/30/13 WAS $2,613,587. PART IV BUSINESS TRANSACTIONS INVOLVING PERSONS IN THE SUMMER OF 2012, TRUSTEE SARAH JOHNSON DONATED A HOUSE TO THE UNIVERSITY WITH AN APPRAISED VALUE OF $228,000. IN DECEMBER OF 2012, THE UNIVERSITY RETURNED THE HOUSE TO SARAH JOHNSON REDLICH IN EXCHANGE FOR A HOUSE WITH AN APPRAISED VALUE OF $365,000. X 2 90000 APPRAISED FMV X 95 531851 DAY'S AVERAGE QUOTE X 1 365000 APPRAISED FMV X HORSES 2 350000 APPRAISED FMV 7 0 1 1 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEE CHERYL GRANDFIELD IS EMPLOYED BY HER HUSBANDS INVESTMENT FIRM GRANDFIELD AND DODD WHICH MANAGES AN INVESTMENT PORTFOLIO FOR TRUSTEE MIKE RANGER AND TRUSTEE DAVID OFFICER. GRANDFIELD AND DODD EMPLOY BROKERAGE SERVICES FROM THE FIRM OF MACALLASTER PITFIELD OF WHICH TRUSTEE DAVID MACALLASTER IS AN OWNER. FORM 990, PART VI, SECTION B, LINE 11 THE 990 FORM IS APPROVED BY THE AUDIT COMMITEE OF THE BOARD BEFORE FILING AND IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS, AND EMPLOYEES ARE REQUIRED TO REPORT COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY UPON ELECTION OR APPOINTMENT AND ON AN ANNUAL BASIS THEREAFTER. INDIVIDUALS ARE REQUIRED TO RECUSE THEMSELVES FROM DELIBERATIVE AND DECISION MAKING PROCESSES ON MATTERS WHERE ANY CONFLICT OF INTEREST MAY EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY BENCHMARKS ITS FINANCIAL DATA AGAINST A GROUP OF 25 PRIVATE LIBERAL ARTS COLLEGES. THIS INCLUDES A COMPARATIVE REVIEW OF SALARIES AND BENEFITS. THE RENUMERATION OF THE PRESIDENT, VICE PRESIDENTS, AND SENIOR STAFF IS DETERMINED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IN CONJUNCTION WITH A REVIEW OF COMPARATIVE DATA. PERSONS WITH ANY CONFLICT OF INTEREST ARE EXCLUDED FROM THESE PROCEEDINGS WHICH ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S BY-LAWS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: GAIN ON SWAP 1,617,471. CONTRIBUTIONS FOR LONG-TERM INVESTMENT 1,538,165. DEFERRED GIVING 225,343. CHANGES IN POSTRETIREMENT BENEFITS -1,161,177. LOSS ON DEBT REFINANCING -2,723,285. AUDIT COMMITTEE PROCEDURES WITH RESPECT TO THE OVERSIGHT OF THE ANNUAL AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM PRIOR YEAR. LAURENTIAN PROPERTIES LLC 23 ROMONDA DR CANTON NY 13617 200803478 HOTEL AND RESTAURANT NY 3627155 3288100