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  2. Finance Committee - Agenda - 8/17/2022 - P72

Finance Committee - Agenda - 8/17/2022 - P72

By dnadmin on Sun, 11/06/2022 - 21:45
Document Date
Fri, 08/12/2022 - 13:02
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 08/17/2022 - 00:00
Page Number
72
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__081720…

10.

11.

12.

Depreciation expense was charged to functions of the City as follows (in thousands):

Governmental Activities

General government $ 796
Police §45
Fire 1,038
Education 7,927
Public works 6,695
Heath and human services 16
Culture and recreation 892
Community development 1,650
Communications 850
Hydroekctric 226
Total governmental activities $ 20,635

Business-Type Activities

Wastewater $ 6,462
Solid Waste 2,267
Total business-type activities $ 8,729

Deferred Outflows of Resources

Deferred outflows of resources represent the consumption of net position by the City that
is applicable to future reporting periods. Deferred outflows of resources have a positive
effect on net position, similar to assets. Deferred outflows of resources related to pensions
and OPEB, in accordance with GASB Statements No. 68 and 75, are more fully discussed
in the corresponding pension and OPEB notes.

Accounts Payable

Accounts payable represent 2021 expenditures paid after June 30, 2021.

Salaries Payable

Salaries payable represent 2021 expenditures paid after June 30, 2021.

Accrued Liabilities

Accrued liabilities represent 2021 expenditures for debt service interest and health
insurance claims paid after June 30, 2021.

Page Image
Finance Committee - Agenda - 8/17/2022 - P72

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