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Introducing This Year's CBRAC Members

Eight-member committee will assist and advise the four property owners' associations in connection with a review and analysis of the financial systems, procedures, operations and budget of the village.

The 2013-14 Citizens Budget Review & Advisory Committee (CBRAC) consists of eight members -- two residents representing each of the village's four sections.

The purpose of the CBRAC is to assist and advise Garden City's four property owners' associations in connection with a review and analysis of the financial systems, procedures, operations and budget of the village. The CBRAC is advisory in nature and has no power or authority to bind the property owners' associations or the village or to establish public policy for the village.

2013 marks the seventh year the CBRAC is taking part in the village budget process.

Here's a little bit more about this year's members:

  • Stephen Makrinos (chairman) has been a resident of the western section for the past seven years. He is currently a vice president at Goldman Sachs where he has worked for the past 15 years in various risk management and analysis capacities.  For the last four years, he has been managing a team responsible for auditing and validating key risk management policies and procedures. Stephen received an M.S. in economics from Pace University and a B.S. in finance/investments and accounting/MIS from Babson College. This is Stephen’s third year on the Citizens Budget Review & Advisory Committee.
  • Joseph Colletti (vice chairman), who also resides in the western section, has held positions in financial planning and analysis throughout the course of his career. After earning an MBA in finance and international business from the NYU/Stern School of Business, Joe started his career in finance in the international division of Estee Lauder. Since then, he has held financial management positions at Tropicana Orange Juice, Computer Associates and recently in the pharmaceutical industry at Nycomed US, (now the Fougera Pharmaceuticals division of Sandoz), where he was responsible for company-wide financial analysis, budgeting and forecasting. Currently in career transition, Joe has recently been consulting in the financial planning and analysis department of the restaurant chain, Sbarro, Inc. He is a returning member of the Citizens Budget Review & Advisory Committee.  
  • Brian Armstrong is a CPA and currently works as a director in the finance department at Credit Suisse. Brian has more than 20 years of accounting/finance experience beginning his career as an auditor with Coopers & Lybrand in New York. Brian has also worked at Chase Manhattan Bank and Morgan Stanley prior to joining Credit Suisse. Brian has a BS in accountancy from Villanova University and an MBA in finance from The Anderson School at UCLA. He has also served as an adjunct professor at Hofstra University. Brian is also returning member of the Citizens Budget Review & Advisory Committee, representing the CPOA.
  • Fred Capozzi has lived in Garden City for more than 25 years, residing in the eastern section for the last 18. Fred is a managing director and head of equity trading at Samuel A. Ramirez & Co., a full service brokerage and investment banking firm. He has 26 years of experience managing equity trading and risk management products. Fred is also a returning member of the Budget Review & Advisory Committee, representing the CPOA.
  • Christine (Tina) Rio, a 34-year resident of the village who resides in the Estates section, has been with various entities of BNYMellon for 35 years. Tina has spent most of her career in credit and operational risk and is currently a senior credit officer for several areas of the bank. Tina has a BA in English from Fordham University and an MBA from Stern.  his is Tina’s first year as a member of the Citizen’s Budget Review & Advisory Committee.
  • Linda M. Ryan is a 20-year resident of the eastern section. She served for many years as director of the Rittenberg Law Library and research professor of law at St. John's University School of Law. After leaving St. John's, she was appointed associate dean of administration for the School of Health Related Professions at the University of Medicine and Dentistry of New Jersey. She is a graduate of Rutgers University and New York Law School and received her Masters in library science from St. John's.
  • Mark G. Hadlock has been an Estates section Garden City resident for almost 20 years. He has spent the majority of his career in the financial services area, serving as chief administrative officer, chief operating officer and chief compliance officer to several investment managers. Most recently, he has been working as a consultant to the alternative investment community, assisting in the launch of two emerging investment firms, and working in the legal and compliance group at Morgan Stanley Fund Services. Mr. Hadlock is married to Anne S. Hadlock, a CPA who has practiced in Garden City since they moved here in 1993. Both are 1981 graduates of the University of Notre Dame. In addition to his work on the Citizen’s Budget Review & Advisory Committee, Mark spends time as a volunteer for the Notre Dame Club of Long Island and serves as a lector at St. Joseph Church. This is his first year working on the Citizens Budget Review & Advisory Committee.
  • John M. Delany is a retired attorney and insurance executive and a village resident for 40+ years. His service to the village includes director of the Eastern Property Owners' Association for nine years and board of trustees of the Garden City Library. This is John’s first year working on the Citizens Budget Review & Advisory Committee.
Budget work session #1 begins at 7:30 p.m. today in the village hall boardroom.
kent penney February 07, 2013 at 04:23 AM
Too bad we dont have a CBRC for the schools - w/ a budget fast approaching $125m, we could sure use one.
John S February 07, 2013 at 10:07 AM
A big thank you to these residents that volunteer their time. Being active on this committee (and others) provides a wealth of information as to how the Village really works. If someone really wants to help...this is great way to do it...in my opinion these are some of our potential future Trustees...