Search

Joauibug pedpuud/Uapisaig adi,
“A'd ‘tooueA “3 Luuor

“Bl Peo aseaid ‘jesodoud siyj3 Buipsebes syuawwies 40 suogsenb Aue aaey Ned JT

‘pajuaseid Jeipng oy) ueul sso} oq Aeu pue payeuip se Ajuo aq

HIM palojed som jenpe Jeu) pueysuapun ose ay, ‘AjjuBoyiUbis Auea Aew saobeje> uaamjad
440M JO IWS OU) JeUI pue paye.Ip se aq jm petuopad YOM jenjoe 3U] Jeu] PUBIsIApUN aA,

GZ6'T6ES
00'S S
Stp’oses

6£9°2Z1$
SANOY S6T

oss‘09T$
SUROU 069°T

008’9b$
SINOY O6E

o0r'S9T$
S4NOY OFOT

706png weibolg

Sesuedxy IO] SsueMo ly
yobpng s0gey [20]

AnoY/g9$ X SINOY SET
SyBaM GQ 10, NOOM/SuNOY € s}eWNSy
Uoddng saiensinnapy

pasn ajei aysedwo,,

4NOU/«G6$ X SINCY 069'T

SHIIM GG Jol Noom/Sinoy oF aleuinss
Yodan [Ssciser BUSSuIBuy

pasn ayes sysodwio3,,

ANOU/xO7TS X SANOY OGE

Seam Gg JO, yoom/sunoYy 6 a}ewNsy
JODeUB LY COQINISUGD DUE DUNSSuIBUy

AROU/DOTS X SINOY OPOT
SYBOM Gg JO] YeSM/SuNOY OT ayewnsy
joAsy [edu

‘Alobayeo uses Ad LiOYe Yom JeNuUe UB PAaPLUuNse aAey

BM ‘UOSBAS UOIINISUOI GTOZ au} Jo pus auy yYBnouy yebpng ayy Gurysyqeyse 404 siseq e sy

‘ayeig uauey Aq peuuioued

2d HIM 4J0M SI, ‘“S}uauUN Op Jo uonesedeud pue spiove Jo uoNeyduuos Buipnpu

SHOYe SARelsiuipe sapnjou! AuoGeyeo siuj Japun ysoay THOMGAS SASSY bp

The City invests in the New Hampshire public Investment Pool (NHPDIP), an external
investment pool managed by the State Banking Commission. The portfolio meets the
requirements of GASB Statement No. 79, Certain Investment Pools and Pool Participants,
and investments are valued at amortized cost.

Investments are reported at fair value except for certificates of deposit which are reported
at cost.

Interfund Receivables and Payables

Transactions between funds that are representative of lending/borrowing arrangements
outstanding at the end of the fiscal year are referred to as either “due from/to other funds”
(i.e., the current portion of interfund loans) or ‘advances to/from other funds” (i.e., the non-
current portion of interfund loans).

Any residual balances outstanding between the governmental activities and business-type
activities are reported in the government-wide financial statements as “internal balances”.

The government-wide Statement of Activities eliminates transfers as reported within the
segregated governmental and business-type activities columns. Only transfers between
these two columns appear in this statement.

Loans

The Economic Development Office administers loan programs that provides for working
capital and capital asset financing for start-up and existing businesses in the Nashua area. The
City records a receivable for the principal amount of the loan issued.

Inventories

Inventories are valued at cost using the first-in/first-out (FIFO) method, The costs of
governmental fund-type inventories are recorded as expenditures when purchased rather than
when consumed. No significant inventory balances were on hand in governmental funds.

Capital Assets

Capital assets, which include property, plant, equipment, and infrastructure assets, are
reported in the applicable governmental or business-type activities columns in the
government-wide financial statements. Capital assets are defined by the government as
assets with an initial individual cost of more than $15,000 and an estimated useful life in
excess of two years. Such assets are recorded at historical cost or estimated historical cost if
purchased or constructed. Donated capital assets are recorded at acquisition value at the
date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or
materially extend assets lives are not capitalized.

Major outlays for capital assets and improvements are capitalized as projects are
constructed.

cJOTDV

‘yesodoig
OY} JO SUID} OY] JOAO JOIMOS ][eYS IopIg oseyong enyseN jo AyD pomdoxe AT[NT oy} Jo Jopio osueyo
UdITIM BY] ‘UOUSOISY SITY} JO SULIO} OY} “OPI oseyoINg eNyseN Jo AyD pojnooxa AT[Ny Jo/pue 1opio asueyo
VOUM B JUSMIOISW SITY] JO swe} oy} pue yesodorg sy} Jo sua) ou} UDOMIOG JOI]FUOD B JO OAS Oy) UT

‘JORNUO?) BY} JO pred JOU ose VfOUTY SITY} UWI polst] jou

o1e OTM sJUSTIMOOP Joy}]O AWY ‘[elO JO US}LIM Joyzio ‘s]tautoeIse Jo suoieyuesaidal ‘spesodoid ‘suorenoseu
Jord sopesiedns pue sorsed oy) usemjog JUstoaI8e poyeIZoyUI puke ommua oy syuasoidel yoRnUOD oT],

aINPoYIg 99,4 “SdIAJog Jo odoog--g TqQHYXY
S}OBVIJUOD JO} SUOTIPUCD [eIOUsH--V qx”

{JOBIUCS sty} Jo wed speur
que pue UldIey poyerodioour soualejal sty} Aq ase S}IqIYXe SUIMOT[OJ BY], “GULVHOdUOONT] SLNAIANOOG "T

‘SMOT[O}
se soise Ajenqnur sonsed oy) ‘apeu UlaIoy syUSUIA0ISe oY] Jo UOTeIEpIsuOS Ul “AYOATAAHT, ‘MON

{POGLIOSOP JO|VUISJAY SSdTAJOS SY) Jopusl pue WUojJed 0} sfqe pue
suryim ‘Apeas ‘payers ‘poddimba ‘porjryenb Aynp aie Ay} syuasoides Jooursuq jeuorssejolg ‘SVAYaH AY

pue ‘enysen Jo AjI-D ot) JO s}saroqUI Jsoq Ot} UI puke o[qQuIIsop pue ATessooou
woq ee poljioads ulaloy JoauIsuq [eUOISsaJOIg @ JO SadIAJOS ay} Jey) pollsep sI yt ‘SVaNaHM

pure ‘ sooulSug [euOIssojoig & JO SsoIAJas 94) sournbar ow
0} Slt} Wo ‘ouTysduIeE] MON JO 9181S 9Y} JO UOISIAIpGns [eonrod ev ‘enyseN Jo AiO atp ‘SVaNTH A,

WAaANIONY TVNOISSdjod” JO ssaaddy

790€0 HN ‘VOHSVN
LARLY SSHIDNOD €

UseaANIONA TVNOISSHAOU” JO ATLLL GNV FNVN

(, AdsUISUY [BUOISSIIO.1Y,, 18Y}J9G0}) SOOWSISSe PUL SddTOTSULQ ‘SLOSSSIONS SH pus
‘ONT ‘NOSNVMS/HENAVH

CaNV
610Z-L90°0 HIN ‘VOHSYN SLAGULS NEVI 6Z7 “VOHSVN AO ALID FHL

NYAMLAE LOVALNOO VY

SHOTAGHS DONRIGHNTONY
NOLIVLPUEVHOAY WaMas 6107 Ad

SHOIAMHS TVNOISSHHOUd WO LOVULNOD)

£jJOTDV

‘poaoidde pue poyiugns useq savy sodas ssordoid
PUL SULIOJ SOLOAUI 9Y} [IJUN sjuswAed Ou yeu [[LM enyseN Jo AyD oy], “‘sywoder ssaigoid pue sunoj Sd10AUI
poltugns oj Jo enysen Jo Arg oj Aq [eaoidde jo skep HE umim s90ursuq yeuorssojyoig Aed [IM enyseN
jo AND ayy, “Jeoursuq [euorssojorg Aq poyotduroo ATWo}oRIsies yom Joy Aed YIM enysenN Jo AWD on

‘yospngq poaoidde oy}
0} pred pur poy[iq somppuodxe [e}0} sATB[NUINS Jo UosLIeduION B pUR “JoRIIUON ot} Jopun oyep 0} pred
pue pojfiq soimpipuodxe [jo] aAtjeTnund ‘potiad ay} IO} pay[iq sainjipuedxa yenjoe SuUIMOYs apNpotos
® pue ‘jno poles yom exe Aue “OM SuTMosdn ‘poouariadxe suretqoid ‘poysidurosoe Yom au}
jo uondiuosap e ‘potied Sunsodei A[TyUoUE YoRe IOJ ‘apnypoul Tjeys oder ayy, “Woder ssaisoid y 7

“1ysnos st juouLAed Yor JO} sounrpusdxa Jojo pure ‘sayer Burppiq pure sinoy Jouuosied Jo
Suns e “JIoquinu Jopro eseyoind yooloid oy} apnypoul [Jeys suo, oY], “suo sotoaul oyeLidosddy °{

‘jquatAed Joy ysonboi YoVe YIM SULMOTIOJ OY} SplAOId 0} sosIse Ja0UIsUT [eUOIssayorg ‘ATjeotIoeds
‘yospnq peaoidde sj syzoddns yey) wo} e UW poyoder samyrpuodxo ay] Jo Azeulums poiejep eB opnjour
SHU pu YUU! YovO JO pua su} Joye sAep (C1) Use]FIy UL} Joye] OU poyTIUgns aq [yeYs yUoWARd Io} sysonboy

“HESALON Wado ASVHOU Ad PHeA B Ule}TO9 SOSTOAUT poyTugns [je
yey} sazmbor enysen] JO Aig ou} ‘suoyeordde jo yuoursed Ajoum pue Jodoid oy) ayey[Ioey. 01 pue ‘uontppe uy

‘doa sadnd puv Ayooiu0nazaja yjog Sanoaui JuUGnS FOU Op asvag
TED Aury :09y9V
0900 HN “enyseyy
J09.B8 WIVYA 677
aqvAeg syunos.y
HEH QD “enysen Jo AID
70} [IR SQ Bia saidog isdeg «

wo

AOS LNUNYSeN OM )SsctOAUL FVIOpUS A, 0} [TeUIe BIA AyTeoTUOIOOyG

‘SMOT[OJ SB poytuugns
Sq [[eYs JUsweeidse siy) Jopun powuMoyiod sootaios Joy yuowARd soy sjsonboi ATYyyUOW juAqns TyeYs JosUTsUy
[BuOIssojorg ‘enyseN Jo AyIg oy} Wo UONduIOXS Ud}LIM B PdAlodal Sel] JOOUISU [PUOISSaJOIg ssoyUN Jo q
NQIYXA JO SUOTSIAOIC St} YIM soURpIOo.R Ul pred oq T[eYS “JoR.QUOS SITY UL peplacid astaotjo ssoyun “yor

(00°S76'16E $)

Sav TIOd WADTAINAAAL CHHCNNH ANIN GNVSMOHL ANO-ALHNIN GHYNCNO0 Hoa
P999X9 0} JOU }SOO [B}0} B IO} YIOM Oy] UOJ Jed 0} sooISe JoOUISUT [PUOISSOJOIg ‘NOLLWSNAdNIOD ‘Pp

“enyseN
Jo Aj Ol WoI ponsst JopIg sseyoing plyea e PWV jownuoD poymooxy ue jo jdrooel uodn soueunoyied uiseq
[feYys JoouIsuy [BUOTSsOJOIg "JOVNUOS SU] JO SID] OY) WIM soURpPIoosR UI UOTeUTLIE) Aq Jo sourwoysed
jo potiad oy} puaixs 0} JuoWOoIse UontIM eB Aq sonsed oy) Aq pasayfe oq ATUO Aeul pue YO} Jos spotted
SUM} OY] UNI yom [Te ojeTdtu0s pue uLlojsed [yeys JsouIsUG [eUOTSSOJOIg “HONVAWMOANAd JO COTA *¢€

“PIQLIOSSP YOM SI] }OVIUOD SY} JO SUOTIPUOS PUR SUID} OY} YIM oURpPIODOR Ul WOJied pue yno Aue
0} poinber pue Aresssoau suonesedo ye waojsed ]Teys pue sjenoyeu pue “wourdinbo ‘sootaros [je YsTuny
[eys Isoursugq [euorssejoig “oeUOCS sty} UL poplaoid astmsayjo se }dsoxg GCHAUOANAT AT OL WAOA ‘7

£JO COV

aod ag

(ALE pun aumyy payuitg) (2M pun aupyy port)
OUD YY SSA DUO Soup SF

(@ANJDUBIS) DUT ‘UOSUDMG/JaUAD ET (a4njousis) FN ‘onyspal fo dp

‘Aqosay) punog
AT[eSoT 9q 0] pusyUI pue poUsIs oq 06} JORNUOD sy} pesnevs savy ojoJoy sonsed oy) ‘“JOMAAHAA SSANLIAA NI

‘Ayied Joyjo oy} 0} 90N0u
UdUIM SUIAIS Aq sAteyUasoIdel JO SsoIppe oy] suey ACUI IO9UISUG [eUOTSsaJoIg IO eNYySeN JO AWD OL
‘]IBU oY] UI poysodep Suteq Joye Aep ssauisng pI} oy} UO JooINy) sossaippe oy} Aq PoaTaoal pue Oo} UdAIS
9q 0] POsop oq [JeYsS ‘[leWU soywISg poy Aq JUAS JI “JORIjUOD SI} JOpun payed Jo permnbai soyou Auy

Z90€0 HN “enyseNn 79060 HN “enysen

JING SSIBUOD ¢ JSG WISIOANT 6

“ouy ‘uosueMs /IOUARH SULISOUISUA ‘SYIOM, OQNg JO UOISIAIGG

JUPISSIg IIA — “Aq ‘oourA wyor Joouisugq AWD — “qq wenpoog usydais
“CAILVINASd adda -AALLV.INASadddd VOHSVN JO ALIO

10] passaippe oq [[eUS pue “payyipies 10 paisjsIor
pue ‘predoid oSejsod qreul soqeyg poy, Aq Jo “IoLies yysratsAo ‘Aroarjop puey Aq Juas oq [TeYs “BUNLIM Ul aq
[JeYs JOeUOS sIyy Jopun UdAIs oq 0} poytuied Jo pormnba. speaoidde jo ‘sjsanbal ‘ssonou [[¥ ‘SHOLLON ‘9

“enYyseN JO AND oy}
Aq poaoidde ssoyun pure [QUn saljoajJo SUOD0q JOU [[eYs JOVUOS SI] “LOVALNOD AO ALV( FALLOGIAT °S

tI-DD
TI-DD
II-OD
TI--OD
II-DD
01--DD
OI-DD
OI-DD
O1-DD
O01-DD
60D
60D
60D
8-DD
8-DD
8-OD
LOO
LOO
L~OD
L-OD
9-9
9--DD
SOD
v-OD
t-DD

e-OD
e-DD
£-OD
cD
c-OD
c7OD

TEJO TOD

HONDA ONY MV] AO AOIOHD
LINSASAYDY FUELING GNV LOVULNOO JO NOLLVOMIGO[
ALYTIAVAAAAS

SNOLLVOITEO ANY SLHORI AO TWAIANOS

SULLITIGVI] GNV SLSHNALN] ALYVd CME

SLSAUALN] CALICO

STIGAWAY GNV SLHORT

SNOLLIGNOO CNV SIAL AO WHAIVAA"NON,

SAXVL

AONVLdIOOW TVNET

SLNELV d ANV ‘SLHORIAdOD ‘MV'T SGUOOMY OFTAN
STVIMALVI LOVALINOD AO NOLLISOdSIG

STVINALVI LOVYELNOD AO NOLLOAdSNY ALIO
ONLLOVULNOOENS NO ‘NOLLVOWTAG “WAASNVULL ‘SLNAWINDISSV
LINDADSYOUNY

NOLLVNEARIOSIGNON

SMV] AIAVON Idd V HLIM GONVITANOD

NOLLVSNAd 09

XONFONIINGD TVOSTT

NOLLVOLINWGAGNY

AONVUNSNE

AVIA YOU SADVAV ON

NOLLO'1OSaa ALAASIG

LOVULNOG AO NOLLVNIANAL

SHIONVdaaOSIC
YO ‘SALLINDIAINY “SNOISSINIO ‘SHON “SLOYIANOD AO AMHAOOSICG.

NOILLVYEdOOD VOAHSVN HO ALI)
MUO AM AO AdODdS OL SHDNVAD
HALLV INGSGN day VOHSVN HO ALID
aUVD AO CUVaNV.ILS

SO.LV.LS WHoNIONGY TVNOISSHHOUd

SNOLLINTTAG

SNOLLIGNOO TWWANAD
SLNDLNOD JO WIAV A,
V UGxy

‘OE
‘6C
“8C
‘LE
‘9C
“SC
“VC
“eC
“CC
“TC
‘OC
él
‘SI
“LI
“OT
ST
VI
‘EL
‘Cl
Il
‘Or

06

Aon Ff WH oN

TEJ9 7 DD

‘oaTye1odoooun Jo “IsouoYsiIp ‘UoJeduIOsUI 8q 0] SOUTULIQ}Op eNYyseN,
jo AyD ou} Woy jouuosied Aue gol oy} Woy aAotaI ‘enyseN Jo AyD sup Ag Os Op 0} paysonbar
jl ‘yyegs sooursuy [euorssoyorg ‘juewAo[dws jo UOTeUIULIA} Jo yUOAS ay) UI Jdeoxe “enyseN
JO AD 9) Jo Teaoidde usyM Jo oy] NOyIIM IJoOUIsU_ [euorssojorg Aq yoaloid oy} JO JJo aye}
aq jou [jeYs jouuosiad Asay poaciddy ‘joe.uoo sty] Jepun yom wuoj1ed 0} JoauIsuq [eUOISsayOIg
Aq pousisse jouuosiod Aoy oaordde 0} yYS oy} soAJOSOI enYseN Jo AWD out, “yeNuoo sm}
Jopun 3iom ay} Wuojsied 0} jouuosied par[Eys pue juajediuos Ysiuiny [jeys JoouTsu_ [eUOISsajoOIg

“MRT oTqvordde pure joerU0d ou} Jo stud}
OU} UJIM SOURPIONNR Ul IGRI] UleWIOI pue oq [[eYs JoouIsUy [BUOISSOFOIg pure ‘JoRmUOS sy) Jopun
worse JO sosnes JO sjysU swenyseN jo Aj ou} Jo Aue Jo Joarem v se ayerodo jou [[eys JoelUO0S
SIq] JopuN YOM s,Js0uIsUu_ [euoIssojoig Jo Aue Joy yuourAed Jo ‘fo souejdaoor Jo ‘TeAoidde ‘morAar
enysen jo Aug “yIoM sp Jo Aoenbope pue Aovinooe [eoyoo} pue [euorssozoid Io0y AjpIqisuodsas
ou} Jo Jooulsuq jeuorssojorg saoior Avm Aue Ul jou ][eys IJooUIsSUA [eUOIssajolg Aq posn
JO poysMMINy soolAsos JO sjonpoid Aue jo enysen Jo Aya ou) Aq feaordde Auy ‘ose Jo prepuels
SIU} Ui SOUBPIONIe UI WIOPIEd 0} BIN] SJOOUIGU [BUOTSSOJOIY WOT INSOT YOM JO YOM
oy} JO JonpoId oj 10 YOM SY} UI SIOLIS JO ‘SUOISSILUO ‘soIOUaTOLJap AUB OSTADI JO JOOLIOD 0} FIOM
WIOJIJad-or WMOTEsuSdWO [BUOTIPpE INOUIIM pue ssuddxS UMO Ss} Je ‘TTeYs JOoUIsU_ [BUOISSIJOIg
‘savy ABW eNYseN JO AID ou} YOM swYSU Joyo [][e 0} UoLppe Ul ‘syuowermbes Joy}0 Jo ‘siap1o
‘SQOURUIPIO ‘suOTTEINal ‘somnje}s ‘smeuT [BOO] pure ‘ayes ‘[eIopoy syqvorjdde [je uM souRULIOJUOS
Ul pue puNoOsS ATTOTUD9] ST YIOM ]fe yeu} osuodxe UMO S}I Je aINsse O} JeOUIsUT [PUOISsaoIg Jo
Aynp 9y) 3q [eys I] “oINyeU IeTIUEIS e JO saorAros 0} Joodsor YM Su [eUOTssayoid pozmusoser Aq
postosoxo Ayjeuiou are yeu) yUouspnl pue soonovsd punos pur ‘souasipip ‘oreo ‘ys yeuotsseyoid
jo salsap ot] IM pouuojsed oq [yeys YOM [fe yey] syuRLIeM JOoUIsSU JeUOISSeJoIg “joRUOS
siq] Japun pewsoyied yiom je Jo uoTjeuIpioos pue ‘uoneydwios Ayowny ‘Aovinoae [eoTUty9e}
‘Ayyenb yeuorssepoid ou} 10} o[qisuodsel oq [TeYs JOOUISUT [BUOISSOJOIg WWAVO JO GUVANYLS

“enyseN Jo Ayia ayy Aq popraoid osei9A00 uoTjyesuaduios juowlAo]dursuy) (9)

‘enysBN Jo Alig ou} Ag poprlacid save] YoIs IO sAvg] UONRORA JO UOTETNUINSDYV (¢)
SWAYSAS JUSUTOITJOI $s ,soAOTdud otjqnd oy} 01 enyseN

jo Ay) a} JO JOUIsU_ JeUOTSSOTOIg ou} JoyyIE Aq suOTINGLUOS Jo UOTedIONIeg (p)
fenyseN Jo AND st}

Jo sooko[duis 0} s7qeyreae aq Avul yor sueyd souvmmsur dnoss ur uoyedionseg (¢)

fenysen Jo Ala oy) Aq popraoid o8eioa09 aouRINsUl [eLsnpuy (7)

renysen Jo AND oj Aq soxe] ouOoUT Jo SuIppouyUAA (7)

‘OU dq [TeYS a10u} yey) pue sdoAojdus
enyseN jo AND & JOU SI JooUIsU [eUOIsSsoJoIg yey} soide osye sored oy], ‘szopeUOOQns
Jo ‘slojeyuCS ‘sjuRy{NsuOD qns ‘sjueyNsUOD sJeoUIsU yeUCIssajolg pue enyseN jo
AWD oy] uoomjog drysuonejor yemoeyuoo Aue oyearo [Teys JORIUOD SITY} UI SuIjou puv ‘rs9uIsUy
euoissajolg pue enysen Jo AjKD ou] USemjoq SI JoRNUOS sy Aq poyeoro diysuoryeyar jenjoenuos
AJUO oY], ‘slopeyuoogns 10 ‘slojoeNUO ‘sjueyNsuOD qns ‘sjueyNsUOD spt [Je JeAO JorUOD
SUIMIEIUICUL “ISOUISUA [PUOTSSAJOIg B SB jORIUOD SITY) JopuN yom [ye wuojsed |jeys pue jo snyeys
OU} SARY [[TeYs Jooursuy [euUOIssajorg yeu} soIse sored OU], SALVLS WHANIONY IWNOISSaIOUd

slop eIWOOGHs pure ‘s10jowVI]UOS ‘s]URI[NSUOS Qns ‘syuRI[NSUOD sJooUIsU [eUOIssajoIy
omy Jo Aue sopnjoul (,Jooursuq [eUOTssojorg,, Joujedso}) sooudisse pue saolajsuey ‘siossaoons
sji pue ‘Jooulsuq yeuorssajoig, ‘TxoyU09 ay) Aq polnbor ssIMJoyjJO ssoyUQ SNOLLINIAAG

SUOIIPU0D PUD Sila] [DIIUID

TEIO EOD

2 Jopual [jeys oanejuosoider enyseN Jo AIO sy, ‘UoOHIsod 1o uoysond s,90UIsU [eUOISsoJOIg IOF
SISBG 9} [1BI9P [[N] Ul pue Ajleays 9}ejs [[eys SUNLIM SUT, “SUISLIE JOU JO sAep Jepudjeo QT UNIM
enysen jo AID st} 0] SUTPIM UT payTUgns oq [[BYSs JORYUOS SIy} JO VONKOTPE]O Jo UOTeJoIdIAVUT
Sulmiosu0d savy ABUL JOOUISUA [eUOIssejoig suoljsonb smyny jpy “eoulsuq jeuoissajorg
0} ALo}ORISHeS SI JOWeUL YyoRo JO UvONNjOsar snuseN Jo AID oy) Jey] pepnjouoo sey pue
“SUIJLIM Ul eNYSseN Jo AWD oy} JO UoTUSIJe OY) 0} soTIIMSIquIe puv ‘solouedorDsIp ‘s1OUd “sjOI[]FUOS
If@ Wsnoiq sey ‘syuoMMSOpP joeRNUOD [Te PouUlUEXS sey I ye} sjuRLeM JOOUISUA [eUOISsOJOIg
SHIONVdINISIG] AO ‘SHLLINOIAWY ‘SNOISSING ‘SHOWN ‘SLOIIANOD AO AMTAOOSIG “1

“enuseN
Jo AND sq} 0} Suoour oy} Jo sownuru posredoid synqLysip Joye] [eys pue ssujooul yons pzosa1
pue JONPUOS 0} JOOTS ABUT JOOUISUT [BUOTSSOJOIg WY) pue “JowmUOD ol) JopuN WOM 9} ssnosip 0}
JoouIsuq [eUOTssojorg Jo enyseN Jo AyD ot) Aq poyyeo ssUTIOOLU [Je pua}je Oo} ooIse osTe JOOUISUA
[eUOIssajoig pue enyseN jo AjID oY, “OUULUA AOU & UL 99x} 1WIWOZ) SOULUT,] pure syJOAA OI[Qng
jo preog oy} Aq uorjoe orinbar yey} stuay a_nporpos 0} pue JoUUeL pue SLI ayqeuosval B UL sp10del
enyseN JO A}ID 0} Ssoo0R JIM JOOUISU [BUOISSOJOIg eplaocid oj saosise osye eNYSEN JO AD sy],
“SOI]ITIGISUOdSaI JOYIO TOU} ULM JOIPUOS JUSAoId [LM Jeu} SOYOU SOURAPR JUSIONS UsAIs Buraq
JOY PUL SOUIT] a[qvuuOseal Je UOTILI[NSUOD IO] JODUISUT [PUOISSJOIg 0} S[GRILeAR oq [IM [oUUOSIed
yons yey} pue JOVNUOS SIYy} JOpUN YOM s}I JO souvWUOpINd oy] Ul IooUIsUY [eUOTSsayoIg YIM
oyerodooo qm jouuosied sjt yey} soorse enysenN Jo AVID OU], NOLLVYAdOOD VOHSYN dO ALID 9

“UOTFEUTULIO}
JOVIJWOD JOF UOsKel WOTOTNs “UoTOs][O9 SenyseN JO Ajry ou} Je ‘st pue payesusdu0s oq JOU [[eYs
yeaosdde enysen Jo AjrD Joud jnouyIM usyeVepun asueyo Auy ‘alqeonoeid se uoos se SUNLIM
Wl pouyuOS oq [eys yesoidde yeqsoa Au ‘UI99N09 Jo ore Ajoyes pue yeoy sI[qnd Jo yeorTI9
SI OUI JVU} SSUIUIO}Op ‘UONOIOSIP 9]OS s}I Ul ‘enyseN Jo AjID oY) UoYyM oSuRYyD Be Jo feaoidde
yequos oprAoid Avul enysen JO AND ou, “‘sosueyo [ye 0} Ajdde [feys joewNUOS sIyy Jo suorstAold
oy} “SUNLIM UI 01 pooside asIMJOYJO ssayuy, ‘asueyo ay) soaoidde SuryiM ut enyseN Jo AD
oy} ssorun asueyo ou JUSS [CUI [[eYs JooulsUY [euorsseyorg ‘yderseried siy) ul popracid se ydaoxg

‘osueyo posodoid ou} jo [Te Jo Aue YIM posoold pynoys Jo0uIsUq [RUCISSOJOIg JI
SUNLIM Ul SUIULIE}Ep USy) [[IM BnYyseN Jo AID ou, ‘pesodoid oy) azATeue Apayenbepe 0} s[qe 9q 0}
enyseN JO AjiD su] JOJ ‘syse] Jo sumOpyeoig Jsoo pue Yse}-qns yoes 1OJ sInoy jowuosjed Suipnypout
‘Trejop ySnoue opraoid jjeys osuvyo v 10F tesodoid oy], ‘oyeurlyso oy} Jo ZuLIM Ul eNYyseN JO AUD
oy} AJHOU pUe o[NPSYOS S}I UO puR JORIS dU} JO JSOO SU} UO JOa]Jo Tay] syeUINsa ‘ssousLOD
yiom Aue olojoq ‘Teys Jooursuq [euorssajolg ‘sesueyo syoos is0ulsuy [eUOIssajolg usy A,

‘adULYD OY} JO JooUIsUY [RUOISsaJOIg poljyrou enyseN
JO AWD oy) Dep oy) Jo sAep OE UIU}IM SUL UT poyosse oq [[BYS ose. si} Jopun yuounsnipe
JO} JOOUISUT [RUOISSIJOIg JO WIRTO AUY “SUIIIM UT poljipow A[SUIpIo.R JoR.QUOD OY] pue opeUl
oq yeys juoujsnipe ojqeimbo ue ‘ojoym eB se yoRIUCS oY} JO soURUIOJIOd Joy pormmber ow Jo
1809 SJIOUISUA [VUOTSSOJOLY Ul OsveIDOP B JO SSBOIOUT UR sosnes suv oy) JJ ‘osueyo posodoid
oy} Jo [je Jo Aue yum posoolid prnoys isauIsuq [euOIssajolg Ji SUNLIM Ul OUTULIO}Op Udy} [IM
enysen Jo AD oy ‘Tesodoid oy) ozAyeue Ajoyenbope 0} [qe oq 0} enYyseN Jo AyD ou} JO} “sysey
JO SUMOPYLIIQ ]SOD pu Ysej}-qns YOes Io} smnoy [owuosiad Sulpnyout ‘[Ieyep yYsnous apraoid {yeys
osuevyo B Jo} jesodoid oyy, -adueys ou) Surystjduiosse soy jesodoid usm e ‘skep Jepuayeo |
UIg}IM enysen Jo AID ot] 01 aprAold [[eys IO9ULsU_ [eUOISsoJOIg “jORWUOS oI] Jopun soueuLoyied
SJOOUISUT [BUOISSaJOIY JO 4809 JO “‘Ja}oeIeYO ‘odoods dy) SUISBOIOSP JO SuIsBdIOUL Joys ‘pouoysiod
9 0} YIOM IO SOOLAIOS OU} UL PUL JOBIJUOD SI} JO }s09 Jo “IajovIKYo ‘adoos [eIouSNs oy} 0} sasueYS
ayeul ‘opro usyM Aq ‘oun Aue ye ‘Aeur enysen Jo AD OU, SOAK FO HdOOS OL STDNVHD SCS

‘ArTTeJUOSaIday enyseN JO AjLD dU} 01 posoarap
Oq JO POSsSoIPpe oq ][VYS JOVUOS 3Y} JNOGe LOTJROLUNUIUIOD JouJO Aue puL ‘IooUIBU [BUOISsoJOIg
Aq sjsonbor ‘sjeuoyeur josford ‘soonou yye ‘poieusisop jy ‘yoeryUOO sty] Joy sANeyUOSoIdoI
enysen Jo AiO & oyeusIsop Avu enyseN Jo AND 94, GALLVLNASTAdAY VAHSVN AO ALIQ ‘Pp

TTJ°o POD

‘SOOIAIOS POULIOpJodun [ye JO jST] Be YJLM enYyseN Jo AID oy eplacig “7
“901]0U ol} UI parsroods Jue}x9 oY} O} pue o}ep al] UO YOM onuTWoosIp Apoyerpotmuy “|

[Cys JOVUIBU_ [BUOTSSAJOIY ‘AsNed IO} UOTPUTULI9} Jo oTJOU Jo ydis007 uodE

“yuowAe g Joy uoyeoyddy Aue Jo enysen Jo AyD ou Aq peaoidde Jo ayep oy} Joye sAep
Cp IO] JoouIsuq jeuorssojorg Aed 0} s[tey enysEN Jo Allg oy “JooULsu_ [eUOIssoJoIg Jo yNey ou
Ysnos] “JI soyjou usyIIM Shep IepusTes OJ Uo JORIPWOO oY] oyeUTUTID) APU IOODUIsU [eUOTSSOTOIg
“TONRUMILIS] OY} JO syep SATDATJS 94} 0} JOLId enyseN JO AUD 9Y} YIIM UOTEYNsUOD Joy AUN Ioddo
Ue USAIS oq [[BYS LoUIsUq [eUOISSeJoIg “IOUULU [eUOCISsajoid pue ATS] eB UL WOM ay) UO
sso1doid JUSIOYJNS DYBUI JO djoTdUIOD oO} ‘enYseN Jo AyD oy) Jo uoraido ojos oy wi ‘ATHOJORJsHES
O}] SIMYIR] JOJ JO JOeIJUOD oy} JO SUONIPUCD puL sua} oy} [Je Jo Aue 0} dJaype oO} JoUIsUT
[euoIssajoig Aq oIN{Iej & JO JUSAD oY} Ul IBAUIBUT [eUOISsajoIg 0} soTjoU UayLIM s.Aep Jepuayes
QO] Uo enyseN Jo Ajry om Aq poyeurUia} oq ABUL JUSUIDOISe SI], ASAVD YOA NOLLVNIANAT, "Gf

“yJOM pouUojodun Js9yj0 Jo saorAsas powuoyjiodun wo pyoid poyedionue
JO} pled 10 pomoyye oq [Teys JUNOTe ON ‘SOOM oY} UT porioeds se pojordtuos Ioyeor0y} yom
JO} uoIyesusdu0s pue sotj0U ay} JO ayep ou} 0} JoUId JoRNUOS 3} ULM soURpIOOOR UT pajotdu0S
ATWOPLISHVS YIOM JOT Jooulsuy yeuorssajoig 0} pred Ajsnotaaid jou pue anp syunowse [je sataoor
[eys Jsoursugq jeuorssojoig ‘[[M Je uolsuedsns Jo GuouMOpuRge ‘UOnPUTIIE] & JO WOAd oY) UT

“s0uRLULIOJIod swuNsai 0} ENYSeN Jo AULD 9y) Woy soyou WALA
e jo jdisoe1 [NUN UoIsusdsns Jo s0y0U B JO o}ep SATIS oy) Joye YOM IUINSeI JON “Pp
‘QOTJOU SY] UL parploods syWOMIAOISe OYOAGI
pue ‘so0u ot] Ul porioeds sjoenuooqns Jo siopro Aue enysen Jo AIO ou} 0} UsISsE
‘soy0u oy} Jepun popusdsns Io ‘pauopuege ‘payeulis} yom Jo souruoyied ay 0}
Q]ejor AD) JUS]XS OY} 0} SJOBIWOIQNs JO SIopsoO [fe Jo enyseN Jo AqD ay} 0} AlOJORIsTes
suis} uodn uolywisours urejqo 0} Woyja sqeuoseol Alona oyew Apoyeipowmy “¢
“POJBUIUIO} JOU St yey
JORIJUOD OY} JOpUN YOM Jo UOTIOd Yons Jo UoTeTdwos Jo} postnbor Jo ATessooou aq ACUI
SB ULY} JOUIO “SOT}[IOV] IO “SOOTAIAS ‘“STRLIOJVUL JOT SJORIJUCONS IO SiapIO JOYINT Ou sox q “Z
‘2O10U OU} Ul poljioods JUS}xe oY} 0] PUB oyep dy] UO YOM oNUWOSSIpP ApOJeIpswMy “|

‘yyeys
JQ0UISUY [BUOISSEJOIg “]]IM ye UoIsuadsns Jo ‘“UoUTUOpURGR “UOTeUTULIA] Jo aoKy0u Jo ydiaos1 uodQ,

‘joes pue yoofoid oy} Jo Wed Jo [fe Jo [[IM ye UONRUTULID}
@ SB poyeay} oq [Teys uotsuadsns oy} ‘sAvp 6 ULY} S10Ul Io} papuadsns st yooford oy} Jo yed Jo [je J]

“OS OP O} JUOPI SW Jo soHOU UONLIM s_Aep OQ] Jooulsuq [euolssajoig opraoid jpeys Wt oaload
oy} jo yed Jo [ye puadsns 10 ‘uopuege ‘oyeUTULIA} 0} sasooyo enyseN Jo AUD ou) JT “TEM 18 jowrUOS
pue yoofoid oy} Jo wed Jo [Je puodsns Jo ‘uopuege ‘ayeurUia} 0} IYSLA oy} ALY [yeYs “uoToIOSIp
JOS sy Ur “enyseN JO AID 2. “THA, LV NOISNdSAS UO SLNAANOGNVEY ‘NOLLVNIAMAL “WV

LOVING) 40 NOLLVNIAYS

‘OS OP
0} SINE] S]f Woy Sursie asusdxe 10 jso09 Aue 10J s[qery] A[apos SI pue Woeyoidxeyur Jo woTesTpURIO
sunsonbar 1oy oyqisuodsal si 1s0uIsUq [eUOTSseJoIg ‘enyseN Jo AYO 9y} Jo wWoreUTUID}Op Jo
JORIS St) JO syusIOIMbal oy] YIM soURpIOOOR UT YIOM oJo[dwWos pue UTeyUTeUI pu JoeRUOD sTyy
Jopun YOM oY] UO Aled [[RYs IsoUIsUT [eUOIssajorg ‘soul [je Ty ‘osuodxe pue ysu sJooulsugq
[BUOISSoJOIg 3 9q [[eYsS worMyosor senyseN Jo AD 94) poartoool Suravy o} JOUd JoDUIsUq
[euorssojoig Aq potioyiod useq sey yoryM AouedarosIp JO “UOISSIUO ‘IONE Joryuos e Aq payoayye
yom AUY ‘[eUT] SI 19]]eU OY} UO UOISIOap SenYyseN JO AjID ayy, ‘Shep Jepusyeo ¢] UIYILM UOTSIOOp

IWJOS OD

oyndsip 0y} SATOSal 0} a_qvun ose sonszed ay] J] “enyseN JO APD ou} JO WOOP Jo UOLRUTUIS}Op
JO yRNUOD OY} JO syuoWOINbel OU] YIM soURpIODNR UI Yom ojoduioo pue ureluIeU pue
joRIJUOS STy) JOpuN YOM 3uj UO Aueo T][eYS JooUIsU [eUOISSOFOIg ‘soul [Je TY “oATeyUesoIday
JooUISUY JeUOIssayolg eB pue sarjeyuosoidayy enysexy Jo AO oy] Usomjoq UONeHOsoU
pue syoyjo Wyre] poos ysnomp oindsyp oy} sajosai 0} }duroyye uy) [eYs somsed oyy, “Aued Jomo
ot} 0} UOTTB]UEUMDOp [fh] pue UoTIsod sy Jo JUSUIOyEIs US}]UIM oI] posoatfop sey Ajred Sur} wugns
ou} [UN pue ssoyUN UOIsIAOId si} Jopun prea oq [jeys sndsip ou pue payuiqns posapisucse
oq TTeys omndstp oN, ‘omndstp oy) Suruss9u09 uoyisod paye}s sl ‘UOTSIDOp sjI S]eTWUL}sQnis pue ATLIOA
0} UOTJBIUSUINDOP TIN} YIM pue Surya wi ‘Ayed Joujo oy] 0} opraosd yyeys Ayred sou “smoyyo} se
JORIJUOS SIU} 0} payejor ayndsip Aue sajosor 0} jduloye [feys sorsed syy, NOLLOIOSAY aLAdSIG

‘JOIUOS S,JoouIsU_ [eUOISSayOIg

UIIJIM 9q 0} poztudoso1 Ajssoidxa ore sioyddns Jo ‘siopusa ‘sjuey~nsuoo ‘siojoRsUOOQnS
‘syuase ‘sookojduie ‘sisorjo ‘sjediouud s,soursuq [euolsseyolg JO a1OUl Jo auo Jo suonoeUt
JO suoT}joR oY} WOT Suistie sAejeq, “Ayred yons Jo JoUOS s[qeuoseas 3} puokag si YOM ‘omyny
JO Suystxe ‘osneo Aue Aq podejop 10 poyuoaoid st suoredsipqo yons Jo souRewoyiod yey} yolK
OU} 0} Japunsioy suOTeSITQO SH JO souBULO}.Ied ay) Jo YNVJOp Wi paioprsuos aq [Teys Ayred IayION
"JORIUOS 9Y} JO souRUIOJIOd OY} 0} POUSIsse JOOUISUY [eUOTSSAJOIg

ay] Jo sokoydus Aue woy yuowAorduis Joy suoneoydde polos 0} JS oy} saey [TeYs enyseN
jo Ajig dU] ‘ssouisng SuTonpuos oseao []JeYs JsOUIsUA [PUOISSOJOIg JUDAS 9U} UT ‘aSIMIAYJO IO
Ayred soyjouer Wyrm Juowiseise Aq UoTTdu0s 0} Jt oNDesOId pute FIOM 3Y} JOAO Oe] Av eNYSeN
Jo AUD oy “OeNUOS oy} Jo UoTeUTULID} tod NOLLVNIWANAL YOY SNOISIAOUG IVYANED *O

‘T{LM-Je-WOTBUTILIO}
2 JO JWOAD OY] Ul PSAId90I OARY PyhomM TI se JUNOWE sues OY} UI UOTesUsdUiOS [e}0} SOATOOOI
JOUISUA [eUOTSSoJOIg Jey} YONs JI9.UIsUG [eUOTIssojoIg Oo} pred uoyesusduios oy) ul quoUNsn{pe
ue oypur ‘Aressooou jr Teys enyseN Jo AO ou} “UoAS yeu} UT “TIM ye UOTeUTUIIA] e Usaq
DABY 0} potlisap oq ][BYS UOTJeUTUID} SU] ‘poyley OS jou pey JooUIsUY [eUOISSOJOIg Jey] POUTULIa}op
SI jL ‘rouueUT [eUOTssojold pue A[SWT} B UL YIOM oY} UO ssoIsoId JUSTOLYNS ayPUI IO ajo[duI0o 0}
“enyseN Jo Al oy] Jo UOTUIdO sTOS BY) UT ‘ATOJORISIVES 0} DINTIL] JOY 10 JOVIJUOS 9Y} JO sUOTIPUGD
pue suis, oy) Jo Aue 0} sloype 0} JOOUISU [eUOTSsIJOIg JO sINpIey oy) JO] UOHeUINID] Joye J]

“WOTRUTULIG} JO 991}0U
oY} JO sep sanooqyjo ay} Jo sAep OE UNM enyseN JO AqIQ oy) 0} pay}twgns 9q Jsnw JoOUIsUq
[euorssayorg oy} Aq yuouAed JO} sUTTeID [TY ‘“pouruajep st enyseN jo Aig ot} 0} onp soseuep
JO JUMOUIe JOBXS OY} SB OW] YONS [UN JOUISUT [eUOISsayolg oy} O} JUOWUAed Aue proyyjim Ae
enyseN jo Aj of} pue ‘ommyjrey oy} WoO pourejsns soseumep Io enYyseN Jo AID oy} 0} ATTIqeT Jo
PoASTJo1 9q JOU [[eYs JoouIsU [eUOIssajoIg “oIN]|Tey sJooUIsUY [RUOISSaJo1g JO suOseo1 Aq eNYyseN
Jo AND 9] 0} pouorsesso s}soo [euoITppe Aue Jo jUA}xXe oy} 0} paysn[pe aq Av yuouAed Yons
Auy “yom powuoysedun Jojo Jo ssorares pouopsodun uo pyoid poyedionue 10j pred Jo pomoyye
oq [Jeys junowe ON ‘sjuewAed snotaeid [je ssoy ‘aotou oy} Jo ayep oy) 0} JoLId jORNUOD at}
UUM SoURpP1OIR UL pojojduiod APUOVJsSHeS FIOM IO} JoOUTsU_ [euUOTsseyoig oj pred Ajsnotaoid jou
pue onp syunowwe [Je oAlodel [[eYs JasuIsU [eUOIssojolg ‘asnes JO} UOTeUTULID] B JO ]USAd OU} Ul

‘gouruUOjied SuMNsal 0} BNYSeN Jo ATID oy) WOT so1]0U UA}LIM ® Jo jdIa901
[HUN pue sso[UN UOTRUIULIE] JO BOTj0U B JO Sep sATOOIJO OY} Joye YOM owmNsaL JON ‘¢
“QOTJOU OY} UI porploeds syuouAeIse SYOASI
pue ‘901}0U 3U} UI polfioeds sjoeUOs qns JO siopio Aue enyseN JO AjID ot) 0} UBIsse
‘s01}0U sq] Jopun popusdsns Jo ‘pauopuege ‘poyeurune, yom Jo soueuoyied ay 0}
ayejar AO} 7US]XO OY} 0} SJORNUOD Qns JO SJapio [je Jo enyseN Jo AjID sy} 0} ATOjORIsTIeS
sul} uodn vuorjeyjeours ulejgo 0] Wo yyo spqvuoseer Alona oyeul Ajayeipounmy yp
“POJEUTULID] JOU SI JeU} JOVIIUOS
oy} Jopun yom Jo uoTod yons jo uorydwos Joy pammbal Jo Aressooou oq Avul se
UL} JIYJO “SOTIOV] JO ‘SOOTAIOS ‘s[RIIOJVUT JOT sjowljUOS-qns JO siop1O JaYNy ou seg “¢