1. Town of Windham FINANCIAL OVERVIEW INSIDE Summary of Audit Results
Presented By: Hank Farrah
RUNYON KERSTEEN OUELLETTE
INSIDE
Summary of Audit Results
General Fund - Fund Balances
General Fund - Revenues
General Fund - Expenditures
Unassigned Fund Balance as a Percentage of Budget
General Fund – Revenue Distribution (State and Local)
General Fund – 2016 Expenditure Distribution
General Fund – 2015 Expenditure Distribution
About this presentation
This presentation is intended as a tool to assist the Town Council and management in understanding its financial operating results. The information contained in this publication should be read in conjunction with the audited financial statements and related disclosures and should not be used for any other purposes without the expressed consent of RUNYON KERSTEEN OUELLETTE.
Please contact us at or Long Creek Drive, South Portland, ME 04106

2. Town of Windham Financial Statement Opinion – Unqualified
SUMMARY OF AUDIT RESULTS
Financial Statement Opinion – Unqualified
Report Required by Government Auditing Standards (GAS)
No Material Weaknesses
No Significant Deficiencies
No Single Audit Required by Uniform Guidance
Casey

3. Town of Windham General Fund – Fund Balance Observations:
Assigned fund balances related to insurance refunds and laptop insurance payments, to be used for future technology purchases.
Nonspendable in prior years represented the noncurrent portion of the amount due from the Town of China.
Committed fund balance relates to the fuel reserve.
Observations:
Total Fund balance increased by $824,071 to $8,814,544 in the current year.
See page 47 of the financial statements for breakdown of assigned fund balance.

4. Town of Windham GENERAL FUND - REVENUES Budget Actual Variance Taxes
$ 30,076,764
$30,764,107
$687,343
Licenses and permits
324,568
370,173
45,605
Intergovernmental
1,297,703
1,332,429
34,726
Charges for services
539,000
580,893
41,893
Interest earned
120,000
152,062
32,063
Other revenues
848,766
910,053
61,287
Total revenues
33,206,801
34,109,718
902,917
Transfers from other funds
325,153
331,110
5,957
Utilization of prior year surplus and carry forwards
976,342 -
(976,342)
Total revenues and other sources
$ 34,508,296
$ 34,440,828
$ (67,468)
SUMMARY OF SIGNIFICANT VARIANCES
Taxes exceeded budget due to higher-than-expected excise tax collections.
Licenses and permits had better-than-expected collections of building permits and planning fees.
Other revenue consisted of rescue reimbursement and miscellaneous revenues.

5. Town of Windham GENERAL FUND - EXPENDITURES Budget Actual Variance
Administrative services
$ 3,240,434
$ 3,278,432
$ (37,998)
Public safety
2,439,738
2,324,180
115,558
Fire/rescue services
1,817,683
1,764,163
53,520
Public works
3,142,229
2,879,284
262,945
Recreation services
281,071
269,370
11,701
Education
17,699,917 -
County tax
1,216,178
Other
1,779,771
1,597,436
182,335
Debt service
200,625
Capital outlay
2,690,650
2,387,172
303,478
Total expenditures and financing uses
$ 34,508,296
33,616,757
891,539
SUMMARY OF SIGNIFICANT VARIANCES
Administrative services was over budget due to unexpected legal fees.
Public safety expenditures were under budget due to lower-than-anticipated payroll costs for PD.
Public Works was under budget due to savings related to highway maintenance compensation, contracted services, and heating/vehicle fuel.
Capital outlay expenditures were under budget due to the timing of projects, which will carry over to the next fiscal year.

6. Town of Windham
General Fund – Unassigned Fund Balance as a Percentage of Budget
On the next slide, we have compared RSU 18’s unassigned fund balance as a percentage of budget to other MSADs/RSUs.

7. Town of Windham GENERAL FUND – Revenue Distribution (State and Local)
Observations:
Intergovernmental revenues have slowly declined over the past five years.

8. Town of Windham
GENERAL FUND – 2016 Expenditure Distribution

9. Town of Windham
GENERAL FUND – 2015 Expenditure Distribution