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CITY OF NASHUA, NEW HAMPSHIRE

Combining Statement of Revenues, Expenditures,
and Changes in Fund Balance

Nonmajor Governmental Funds

For Fiscal Year Ended June 30, 2021

(continued)
Capital Project Funds
City City-wide
Technology Building Communications Hydroelectric Police
Projects Projects Projects Projects Projects Subtotal
Revenues
Property taxes 5 - $ - 3 - $ - 5 . $ -
Auto pennits . - - . . .
Charges for services . . 7 7 . D
Intergovernmental = : : = 431,420
Investment income (loss) = . = * - -
Contributions - - ” - . 3,068,745
Cable TV franchise fees . . - = . .
Rentals and lease income . “ “ - * .
Afiscellaneous - - - - - 55,000
Total Revenues - = = . . 3,555,165
Expenditures
Current
General goverment To a . . - 467,556
Police . es = - 241 363 241,363
Fire - - . : . 1,341,342
Education - . . . - 15,490,158
Public works - - - . : 7,433,232
Heakth and human services - 3,083,375 = " . 3,083,375
Cuure and recreation . . -
Community development . - * - . 21,036,314
Communications = - 216,480 . . 216,480
Hydroelectric . . - 1 E38 0 . 1,838,006.
Debt service: - - -
Prncipal . . . . “ 7
Interest * - . - 5 5
Total Expenditures 7,250 3,107,948 716,480 1,838,006 24] ,363 51,147,826
Excess (Defictency} of Revenues
Over Expenditures (7,250) (3,107,948) (216,480) (1,838,006) (241,363) (47,592,661)
Other Financing Sources (Uses)
Issuance of bonds . 1,914,000 . 6,085,000 - 41,828,500
Bond premiums - 588,000 - 115,000 . 1,773,500
Transfers in = - - - - 431,652
Transfers out = (231) . . . (325.231)
Tatal Other Financing Sources (Uses } - 2,501,769 . 6,200,000 * 43,708,421
Change in Fund Balance {7,250) (606,179) (216,480) 4,361,994 {241,363} (3,884,240)
Fund Balance at Beginning of Year 165,533 (79,435) 313,775 (827,185) 2,585,864 (1,142.271)
Fund Balance al End of Year $ 158,283 § (685.614) § 97,295 $ 3,5H,809 $ 2344501 $ (5,026,511)

175

Permanent Funds

Cemetery
Permanent
Funds

$,527,124
109,672

Permanent

Other
Permanent
Funds

Library

Funds

- $ -

1,493,432

Subtotal

7,065,910
109,672

Interfund
Activity

$

Total

Nonmayor
Govemmental

Funds

1,069,415
700,000
1,936,316
31,581,857
7,859,860
4,820,926
421,894
16,800
294,600.

1,493,432

3,175,582

48,701,668

1,407,349
4,133,099
2,415,568
34,268,684
9,430,757
4,755,904
176,961
28,506,511
216,480
1,838,006

965,000
695,189

64,338 1.262

153,750

88,809,508

(683,168)

7,021,832

(683,168)

(49,107,849)

41,328,500
1,773,500
1,048,322

(743,101)

(683.168)

(683,168)

43,907,221

4,865,528
17,900,351

6,338,664
24,057,085

3,799,381
44,941,631

$

22,765,879

$

30,395,749

$

48,741,012

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177

Detail and Combining Budget
and Actual Schedules

178

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179

CITY OF NASHUA, NEW HAMPSHIRE

Detail Schedule of Revenues and Other Fmancing Sources -
Budget and Actual - General Fund

For the Year Ended June 30, 2021

Variance
Onginal Final Adjusted With
Budget Budget Actual Final Budget
Property Tax $ = 227,770,371 $ = 227,770,371 $ 227,468,312 $ (302,059)
Auto pemuts 10,645,000 10,645,000 16,216,065 §,571,065
Penalties, interest and other taxes
Interest and cost on redemption 300,000 300,000 370,243 70,243
Payments in heu of taxes 405,788 405,788 347,314 141,526
Interest on taxes 300,000 300,000 322,282 22,282
Total Penalties, mterest and other taxes 1,005,788 1,005,788 1,239,839 234,051
Charges for services
Income from departments 1,236,875 1,236,875 889,849 (347,026)
Total Charges for services 1,236,875 1,236,875 889,849 (347,026)
Intergovemmental:
Municipal State Aid 1,888,892 1,888,892 1,888,892 -
State Catastrophic Aid 1,050,000 1,050,000 1,616,001 566,001
State adequacy grant 38,819,849 38,819,849 38,825,766 5,917
State aid - buildings 2,211,432 2,211,432 2,211,432 -
Vocational Education 200,000 200,000 232,574 32,574
Medicaid 1,471,250 1,471,250 1,290,798 (180,452)
Meals and room tax 4,497,164 4,497,164 4,497, 164 -
Other 95.813 95,813 88,156 (7,657)
Total Intergovernmental 50,234,400 50,234,400 50,650,783 416,383
Licenses and permits:
Building pennits 453,750 453,750 629,027 175,277
Business licenses and permits 162,000 162,000 153,744 (8,256)
Other licenses and permits 621,350 621,350 728.462 107,112
Total Licenses and permits 1,237,100 1,237,160 1,511,233 274,133
Interest 350,000 350,000 83,696 (266,304)
Miscellaneous
Hydroelectric power generation 1,012,000 1,012,000 1,026,971 14,971
Cable TV franchise 839,473 839,473 876,24) 36,768
Fines and forfeits 405,300 405,300 425,156 19,856
Sale of property 8,500 8,500 44,709 36,209
Rental of property: 611,842 641,842 722,137 110,295
Reimbursements and other 216,764 216.764 318,338 101,574
Total Miscellaneous 3,093,879 3,093,879 3,413,552 319,673
Transfers In
Transfers from other funds 703,609 1,354,025 1,372,711 18,686
Total Transfers In 703,609 1,354,025 1,372,711 18,686
Other Financing Sources
Bond premiums - - 286,987 286,987
Use of unassigned fund balance 4,500,000 4,500,000 4,500,000 -
Use of assigned fund balance 250.000 250,000 250,000 -
Total Other Financing Sources 4,750,000 4,750,000 5,036,987 286,987
Total $ 301,027,022 $ 301,677,438 $ 307,883,027 $6,205,589

180

CITY OF NASHUA, NEW HAMPSHIRE

Detail Schedule of Expenditures and Other Financing Uses

General Goverment
Mayor
Board of Aldermen
Legal
Admmustrative services
City Clerk
Energy Management
Civic and Community activities
Human resources
Insurance - Benefits
Telecommunications
Information technology
Financaal services
Risk Management
Building mamtenance
Purchas mg
Assessors
Hs
Cemetenes
Parking Enforcement
Parking Operations
Contmyencies
Capital

Total General Government
Police
Fire
Water fire protection
Education

Public Works
PW Division and Engmeermg
Street department
Street hghting
Parking lots
Solid waste

Total Public Works

Health and Human Services
Community services
Community health
Environmental health
Welfare admumstravion
Welfare costs

Total Heath and Human Services

Culture and Recreation

Arlington Street Community Center

Hunt budding
Parks and recreation
Public libranes

Total Culture and Recreation
Community Development
Communications
Hydroelectnc

Debt Service
Principat
Interest and cost

Total Debt Service
Intergovermmental
Transfers om

Total

Budget and Actual - General Fund

For the Year Ended June 30, 2021

Vanance
Onginal Final Adjusted Wah
Budget Buduet Actual Final Budget
497,862 $ 483,287 § 482,870 $ 47
240,442 233,797 230,211 3,586
696,270 763,571 728,001 35,570
291 748 284,279 783,260 1.010
642,657 610,730 338,472 72258
101,706 G41) 110,362 49
829,844 854,844 853,355 1,489
850,806 815,695 794,217 21,478
35,000 85,000 - 85,000
145,820 145,820 130,436 25,384
2,996,879 2,944,346 2,905,240 39,106
2,330,675 2,269,702 2,259,649 10,053
4,050,000 4,050,000 4.050.000 -
746,334 728,200 725,637 2563
334,410 346573 346.487 86
823,374 793,865 708,853 $5,012
215,656 714,615 305,292 9,323
851,662 817,76 775,701 42,060
317,435 296,102 211,322 84,780
399, 101 379,397 378,615 782
2,969,709 569,909 564,709 $,200
1,825,556 2710556 2,500,000 210.556
22.42.9356 20,508,460 19,772,698 735,762
33,134,789 33,595,657 33,507,696 87,96r
26,381,070 27,210,181 27,049,600 160,581
3,200,000 3,200,000 3,172,523 27,477
133,626,160 157,482,380 157,276,238 206, 142
1,677,266 1,663,899 1,610,932 $2,967
7,814,884 7,727,926 7,411,103 316,823
525,000 325,000 428,559 96,44]
5,748,376 5,748,376 5,748,376 -
15,765,526 15,665,201 15.198.970 466,231
364,518 368,832 325,632 43,200
614.202 610,564 579,657 30,907
350,652 325,061 514,875 10,786
468,568 458,908 456,008 2,880
540,500 540,500 359,279 181,221
2,538,840 2,504,465 2,235,471 368 904
82,939 81,107 81,027 30
34,232 36,105 30,091 14
3,630,067 3,627,967 3,476,932 131,035
3,594,936 3,478,948 3,443,444 35,504
7,339,174 7,218,127 7,031,494 186,633
3,310,371 3,332,394 3.129.161 103,233
569,776 $67,193 $83,155 14,038
455,220 455,220 434,240 20,980
12,064,500 12,064,500 12,064,500 -
4,739,740 4,759,740 4,517,383 222,357
16,804,240 16,804,240 16,581,883 227, 357
$1,993,150 11,993,150 11,993, 550 Ca
1,165,770 1,240,770 1,240,770 -
304,027,022 $ 301,677,438 $ 299,177,049 $ 2,500,389

18]

Proprietary Fund es

Internal Service Funds

Internal Service Funds are proprietary fund types established for the City’s self-insurance
programs.

The City of Nashua has the following Internal Service Funds:

Employee Benefits Fund: To account for the operation of the City’s self-insurance program for
employees’ healthcare.

Property and Casualty Fund: To account for the operation of the City’s self-insurance program for
general property and casualty insurance.

1$2

CITY OF NASHUA, NEW HAMPSHIRE

INTERNAL SERVICE FUND

COMBINING STATEMENT OF NET POSITION

Assets

Current:
Due from other funds
Other assets

Tatal Assets
Liabilities
Current:

Salaries payable

Accrued liabilities
Other liabilities

Total Liabilities
Net Position
Unrestricted

Total Net Position

See notes to financial statements.

JUNE 30, 2021
Governmental Activities
Intemai Service Fund
Employee Property
Benefits & Casualty
Fund Fund Total

$ 12,990,869 $ 4,655,665 $ 17,646,534
2,583,055 - 2,583,055
15,573,924 4,655,665 20,229,589
3.609 7745 11,354
3,966,679 4,597,261 8.563.940
889.042 - 889.042
4,859,330 4,605,006 9,464,336
10,714,594 50.659 10.765.253
$ 10,714,594 $ 50,659 $ 10,765,253

183

CITY OF NASHUA, NEW HAMPSHIRE

INTERNAL SERVICE FUND

COMBINING STATEMENT OF REVENUES. EXPENSES. AND CHANGES IN FUND NET POSITION

FOR FISCAL YEAR ENDED JUNE 30, 2021

Operating Revenues
Employer contributions
Employee and retiree contributions
Other

Total Operating Revenues
Operating Expenses
Salaries and benefits

Other operating expenses
Claims and policy costs

Total Operating Expenses

Operating Income (Loss)
Nonoperating Revenues

Investment income

Total Nonoperating Revenues, Net

Gain (Loss) Before Trans fers
Transfers in

Change in Net Position
Net Position at Beginning of Year

Net Position at End of Year

See notes to financial statements.

Governmental Activities

Internal Service Fund

Employee Property
Benefits & Casualty
Fund Fund Total
$ 34,926,218 $ 4,050,000 $ 38,976,218
12,192,953 - 12,192,953
2,663,911 139,512 2.803.423
49,783,082 4,189,512 53,972,594
366,333 575,538 941,871
111,058 255,028 366.086
48,351,202 4,158,511 52,509,713
48,828,593 4,989,077 53,817,670
954.489 (799,565) 154,924
12,556 4,501 17,057
12,556 4,501 17.057
967,045 (795,064) 171.981
- 150,000 150,000
967,045 (645.064) 321,981
9,747,549 695,723 10,443,272
$ 10,714,594 $ 50,659 $ 10,765,253

184