CITY OF NAS HUA, NEW HAMPSHIRE
RECONCILIATION OF TOTAL GOVERNMENTAL FUND
BALANCES TO NET POSITION OF GOVERNMENTAL
ACTIVITIES IN THE STATEMENT OF NET POSITION
JUNE 30, 2021
Total governmental fund balances $ 123,257,472
* Capital assets used in governmental activities are not financial
resources and, therefore. are not reported in the governmental funds. 362,519,981
* Revenues are reported on the accrual basis of accounting
and are not deferred until collection. 8,518,841
* To record investment in Pennichuck Waterworks. 119,745,000
* Deferred outflows of resources related to pensions and OPEB. 97,681,316
* In the Statement of Activities, interest is accrued on outstanding
long-term debt, whereas in governmental funds interest is not
reported until due. (3,972,646)
* Long-term liabilities are not due and payable in the current
period and, therefore, are not reported in the governmental funds:
Bonds payable (149,152,885)
Acquisition bonds payable (119,745,000)
Compensated absences (17,380,561)
Capital leases (6,765,999)
Net OPEB liability (76,683,386)
Net pension liability - State of NH (320,002,458)
Net pension liability - Board of Public Works (140,639)
* Deferred inflows of resources related to pensions and OPEB. (18,538,823)
* Deferred inflows of resources related to gains on current
and prior year bond refundings. (1,041,300)
* Intemal service funds are used by management to account for
health insurance and workers' compensation activities. The
assets and liabilities of the intemal service funds are included
in the govemmmental activities in the Statement of Net Position. 10,765,253
Net position of governmental activities $ 9,064, 166
The accompanying notes are an integral part of these financial statements.
36
