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Financial Information This Page was Last Updated May 26, 2009 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).
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. 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. 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. Please feel free to contact Finance Director Dana Call at (603) 432-7732 with any questions or concerns that you may have regarding this information or the Town of Windham's finances.
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