Last Updated July 26, 2010

Finance Department

• Location: 4 North Lowell Road

• Hours of Operation: 8 AM - 4 PM, M-F

• Phone: (603) 432-7732 / Fax: (603) 965-1234

• Email:  Dana Call, Assistant Town Administrator/Finance Director

• Related Pages: Town Ordinances

The Finance Office oversees all accounting, debt and cash management services for the Town of Windham. Additionally it provides support services to the Town Administrator for preparing and administering the annual Town budget. It is the mission of the Finance Office to manage the financial resources of the town in a safe, accurate and professional manner to meet all areas of fiscal responsibility, including compliance with federal and state laws and generally accepted accounting principles. The Finance Office prepares periodic reports of the financial position of the Town for the Board of Selectmen and is responsible for all financial reporting to the NH Department of Revenue Administration.

The Town of Windham has long been a trend-setter in managing its finances, setting the bar for surrounding communities. Through the innovative use of trust accounts along with sound fiscal management, the Town has managed to keep its tax rate one of the lowest and most consistent in the region, while still accomplishing large capital projects.

Financial documents available here for review include: (Each link will open in a new window).

• 2010 Annual Budget

• 2009 Annual Budget

• 2008 Financial Statements

• 2008 Annual Budget

• 2007 Financial Statements

• 2007 Annual Budget

• 2006 Financial Statements

• 2006 Annual Budget

• 2005 Financial Statements

• 2005 Annual Budget

The Assistant Town Administrator-Finance provides an overview of the Town's finances to the Board of Selectmen on a quarterly basis. See below for the most recent presentation.

• 2010 1st Quarter

• 2009 Year End

• 2009 3rd Quarter

• 2009 2nd Quarter

• 2009 1st Quarter

In addition, periodic articles of interest/updates are issued to the local newspaper. For the latest release, please see below.

• November, 2009

The Board of Selectmen have, for several years, discussed the Town's level of fund balance and determined the appropriate level of excess funds to be maintained as a reserve, versus being utilized to reduce the tax rate each year. See below for a trend analysis of the Town's fund balance.

• Fund balance presentation

Recently, this discussion has been brought to the forefront as the Town's bond rating has been reduced as a result of the negative trend in fund balance. See below for the September, 2008 Moody's bond rating report. The Board has agreed to establish a fund balance policy over the coming months to address this issue and attempt to build the fund balance to a specified target goal over the next 10-15 years.

• Moody Report

Directions to the Finance Department from I-93 North or South: Exit 3, left onto Route 111W. Straight through two sets of lights, at Shaws and the Village Green. First right onto Church Street. Administration is on the left immediately after Town Common; parking accessed from Church Street.