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.
