# Board of Finance (Quarterly Review Meeting) - 9/15/2026

The FairTV Government Board of Finance held its quarterly review meeting on September 15, 2026, focusing primarily on financial updates from various nonprofits and the Board of Education's fiscal year 2026 year-end financial position. Key procurement-related discussions included the allocation and use of funds to nonprofits such as the Discovery Museum, Greater Bridgeport Transit District, and Mosaic Senior Services, with specific dollar amounts noted (e.g., $40,000 to the Discovery Museum and $44,200 to Mosaic). The Board of Education reported a $2.2 million surplus for FY26 and discussed the establishment of a non-lapsing account capped at $5 million to manage one-time or nonrecurring expenses, including capital projects and unforeseen costs like snow plowing. The meeting also covered budget management strategies, personnel vacancies, and the challenges of accurately projecting expenses, with emphasis on maintaining fiscal responsibility. Additionally, the town's financial report highlighted a preliminary surplus of $3.1 million before adjustments, driven by favorable tax levy performance and permitting revenues. Discussions included the need to fill key finance positions, such as an internal auditor, and considerations for outsourcing to meet audit requirements. Reporting requirements for the non-lapsing account were established to ensure transparency. Overall, the meeting addressed budget surpluses, fund management policies, nonprofit funding, and staffing challenges impacting procurement and financial planning.

**Jurisdictions:** sled
**Industries:** Professional Services, Education
**Topics:** Grants & Funding, Regulatory Compliance
**Published:** September 15, 2026

### Sources
- [Board of Finance (Quarterly Review Meeting) - 9/15/2026](https://www.youtube.com/watch?v=nNwdbbZjyeg) - FairTV Government