New Canaan Audit Committee Elects Interim Chair, Reviews FY26 Finances
Other Committee 2026-09-16 Part 2 · Meeting of September 16, 2026
New Canaan's Audit Committee elects Bill Bradley interim chair and reviews stronger-than-budgeted FY26 results. Bradley, chosen unanimously after the prior chair's resignation, will serve through Dec. 31, 2026; new member Ryan Swadal was also welcomed to the panel. The town reported $179.8 million in revenue against $179.2 million in expenses, turning a budgeted $6 million fund balance decrease into an estimated $900,000-plus increase.
The Board of Education will return $560,814 to the town after spending 95.5 percent of its $113.8 million appropriation, while its health benefits fund grew $2.1 million to $4.4 million. Auditor Catherine of PKF walked the committee through GASB 103, a new standard requiring more explanation of "significant" budget changes in the MD&A section, saying it "won't be a massive change from last year." The school lunch program, calling itself "the best restaurant in town," posted a $12,263 net loss after moving to cashless payments.
In the full story:
- Who Was There
- Organizations And Documents Referenced
- The complete report — 3,387 words
Source: the Other Committee 2026-09-16 Part 2 meeting of September 16, 2026, reported from the official video recording and transcript.
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