|
|
|
|
|
If you are unable to view the menu above, please see the site map instead. |
|
Looking for a standard document or form? Try our document map. |
|
Financial Information
This Page was Last Updated
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).
In June of 1999, the Governmental Accounting Standards Board (GASB)
issued their Statement No. 34, "Basic Financial Statements and
Management's Discussion and Analysis for State and Local
Governments". This Statement, commonly referred to as GASB 34,
represents the most important single change in the history of accounting
and financial reporting for state and local governments, changing the
governmental finanancial reporting model from a fund accounting-based to a
government-wide reporting model. The latter reporting model is more
consistent with that utilized by the private sector. Additionally, GASB 34
will require that financial statements be accompanied by a narrative
introduction, as well as an analytical overview of the Town's financial
activities in the form of "management's discussion and analysis
(MD&A)".
Being implemented in stages, GASB 34 will became effective for the Town of
Windham the year ending December 31, 2004. The most significant change
under the new reporting model is that, on January 1, 2004, the Town
began capitalizing and depreciating capital assets, including general
infrastructure assets (ie. roads, bridges, and dams) on a prospective
basis. 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.
|
|
|
|