CITY OF NASHLA, NEW HAMPSHIRE
COMBINING STATEMENT OF NET POSITION
COMPONENT UNITS
JUNE 30, 2021
(Except for Pennichuck Corporation Component Unit, which is as of December 31, 2020}
Nashua
Pennichuck Airport
Corporation Authority Total
Assets
Current
Cash and cash equivalents $ 310,000 $ 541,873 $ 851,873
Investments. - 237,378 237,378
Restricted cash and investments. 9,122,000 - 9,122,000
Receivables, net of allowance for uncollectibles:
User fees 8,786,000 3,762 8,789,762
Intergovernmental - 2,160,569 2,160,569
Inventory 598,000 - 598,000
Prepaid expenses 1,797,000 - 1,797,000
Total Current Assets 20,613,000 2,943,582 23,556,582
Noncurrent
Capital assets being depreciated, net of accumulated depreciation 235,705,000 18,668,743 254,373,743
Capital assets not being depreciated 6,764,000 6,405,217 13,169,217
Acquisition premium 67,202,000 - 67,202,000
Total Noncurtent Assets 309,671,000 25,073,960 334,744,960
Total Assets 330,284,000 28,017,542 358,301,542
Deferred Outflows of Resources
Related to OPEB - 132,133 132,133
Other 17,014,000 900 17,014,900
Total Deferred Outflows of Resources 17,014,000 133,033 17,147,033
Liabilities
Current liabilities:
Accounts payable and other liabilities 2,973,000 1,967,053 4,940,053
Accrued liabilities 696 000 208,892 904,892
Accrued interest payable 1,304,000 1,304,000
Customer deposits 435,000 2,465 437,465
Line of credit 5,480,000 - 5,480,000
Current portion of long-term liabilities:
Bonds, notes payable and other obligations 6,018,000 - 6,018,000
Total Current Liabilities 16,906,000 2,178,410 19,084,410
Noneurrent labilities:
Regulatory liability 9,918,000 - 9,918,000
Bonds, notes payable and other obligations 226,914,000 - 226,914,000
Compensated absences - 23,279 23,279
Net OPEB fiability 4,910,000 7,214 4,917,214
Net pension lability 15,424,000 413,263 15,837,263
Liability for denvative instruments 460,000 - 460,000
Contributions in aid of construction 56,536,000 - 56,536,000
Other noncurrent liabilities 416,000 . 416,000
Total Noncurrent Liabilities 314,578,000 443,756 315,021,756
Total Liabilites 331,484,000 2,622,166 334,106,166
Deferred Inflows of Resources
Related to pensions - 6,438 6,438
Related to OPEB - 21 21
Other 15,402,000 - 15,402,000
Total Deferred Inflows of Resources 15,402,000 6459 15,408,459
Net Position
Net investment in capital assets 38,482,000 24,870,421 63,352,421
Unrestricted (38.070,000) 651,529 (37,418.471)
Total Net Position $ 412,000 $25,521,950 $ 25,933,950
The notes to the financial statements are an integral part of this stalement.
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