NASHUA AIRPORT AUTHORITY
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
For the Year Ended June 30, 2021
members, excluding contributions to separately finance specific liabilities of individual employers or
NHRS. At June 30, 2020, the Authority's proportion was approximately 0.0064 percent, which is an
increase of .0001 percentage points from its proportion measured as of June 30, 2019.
For the year ended June 30, 2021, the Authority recognized pension expense of $54,593. At June 30, 2021,
the Authority reported deferred outflows of resources and deferred inflows of resources related to pension
from the following sources:
Deferred Deferred
Outflows of Inflows of
Resources Resources
Differences between expected and actual
experience $ 11,160 §$ 4,437
Changes of assumptions 40,880
Net difference between projected and actual earings
on pension plan investments 25,561
Changes in proportion and differences between Authority
contributions and proportionate share of contributions 23,982 2,001
Authority contributions subsequent to the
measurement date 30,550
Totals $ 132,133 $ 6,438
The net amount of deferred outflows of resources and deferred inflows of resources related to pension is
reflected as an increase to unrestricted net position in the amount of $125,695. The Authority reported
$30,550 as deferred outflows of resources related to pension resulting from the Authority’s contributions
subsequent to the measurement date that will be recognized as a reduction of the net pension liability in the
measurement period ended June 30, 2021. Other amounts reported as deferred outflows of resources and
deferred inflows of resources related to pension will be recognized in pension expense in the measurement
periods as follows:
June 30,
2021 $ 30,122
2022 21,616
2023 22,745
2024 20,662
S_ 95.145
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