Board of Finance
Meetings
Meets the fourth Tuesday of each month in the Council Chambers.
Agendas & Minutes
Agendas are available prior to the meetings. Minutes are also available following approval.
View All Agendas and Minutes
Members
| Name | Political Party | Appointment | Term Ends | |
|---|---|---|---|---|
| Jeffrey Caggiano, Mayor | Republican | 11/21 | 11/23 | |
| Mark Whitford | Libertarian | 1/22 | 6/24 | |
| Marie O’Brien | Democrat | 6/18 | 6/26 | |
| Jon Mace | Republican | 6//23 | 6/27 | |
| Glenn Heiser | Republican | 6/21 | 6/25 | |
| Ron Burns | Republican | 7/15 | 6/24 | |
| Craig Kazemekas | Unaffiliated | 7/22 | 6/25 | |
| David Maikowski, Chairman | Republican | 11/20 | 6/26 | |
| Mark Peterson | Democrat |
| 6/27 |
Meeting Calendar
| Month | Location |
|---|---|
| January | 5:30 pm Council Chambers |
| February | 5:30 pm Council Chambers |
| March | 5:30 pm Council Chambers |
| April | 5:30 pm Council Chambers |
| May | 5:30 pm City Hall West - Meeting Room 1 |
| June | 5:30 pm City Hall West - Meeting Room 1 |
| July | 5:30 pm City Hall West - Meeting Room 1 |
| August | 5:30 pm City Hall West - Meeting Room 1 |
| September | 5:30 pm City Hall West - Meeting Room 1 |
| October | 5:30 pm City Hall West - Meeting Room 1 |
| November | 5:30 pm City Hall West - Meeting Room 1 |
| December | 5:30 pm City Hall West - Meeting Room 1 |
Liaisons to Other Commissions
| Department | Member |
|---|---|
| City Council | Maikowski |
| Education | O'Brien |
| Fire | Burns |
| Library | O’Brien |
| Parks and Recreation | O'Brien |
| Police | Mace |
| Public Works | Burns |
| Water | |
| Board of Finance Subcommittees | Members |
|---|---|
| Banking & Audit Committee | Miakowski, Mace, Heiser |
| Purchasing Committee | Burns, Whitford, Kazemekas |
| Insurance Committee | O’Brien, Burns, Heiser |
| Miscellaneous Matters | O'Brien, Kazemekas, Whitford |
Overview
The Board of Finance has sole power, by charter, to determine the necessity for the manner of issuing bonds by the City of Bristol. Authorization to incur indebtedness through the issuance of bonds or notes must be approved by the Board of Finance. Special appropriations that are financed by bond issues must be approved by the Board of Finance and the Joint Board.
The charter requires that the adopted budget have a balanced relationship between revenues and expenditures as well as the inclusion of pension contributions and debt service requirements. Once adopted, the Board of Finance may make transfers, and if in excess of $5,000, joint board approval is required. Additional appropriations require Board of Finance and joint board approval. The only exception to the above involves appropriations from the reserve fund for capital and nonrecurring expenditures. This fund was set up under the provisions of Chapter 108 of the Connecticut General Statues. Appropriations are made based on recommendations of the Board of Finance and approval by the legislative body, the City Council.
The Board of Finance has sole power by Charter, to determine the necessity for the manner of issuing bonds by the City of Bristol. Authorization to incur indebtedness through the issuance of bonds or notes must be approved by the Board of Finance. Special appropriations that are financed by bond issues must be approved by the Board of Finance and the joint board. The board meets the fourth Tuesday of each month to deliberate upon the financial matters of the city.