Notes to Balance Sheet
Note | (Other Current Assets) - At December 31, 2015, approximately $1,335,000 of this
balance is comprised of prepaid property taxes, which will be expensed in the first quarter of
2016, relating to taxes paid in November and December of 2015 for the second half of the
property tax year ended March 31, 2016.
Note 2 - In accordance with GAAP, the Acquisition Premium is being written-off over the
30-year life of the principal of the City Acquisition Debt.
Note 3 — During 2015, approximately $936,000 was contributed into the Pension Plan, while
approximately $497,000 in benefit payments were made to participants and approximately
$62,000 of investment losses and appreciation was deducted from the plan.
Capital Expenditures
Capital expenditures in the fourth quarter of 2015 were $5.0 million compared to $3.3 million in
the fourth quarter of 2014. For the year 2015, capital expenditures were $12.9 million as
compared to $8.0 million in 2014.
The major expenditures for 2015 were as follows:
($000’s)
Merrimack River Raw Water Main 2,055
Asset Management / GIS / DPaC 1,022
Replacement of Carbon Filter Media (Nashua Water Treatment Plant) 979
Allds Street Main Replacement (Nashua) 924
Hardwood Pump Station Replacement (Derry) 598
W&E Water Main Replacement (Windham) 548
Locke Lake/Winwood Monroe Phase 2 Main Replacement (Barnstead) 524
Meter Replacements 387
Operations Facility Design / Engineering / Permitting 373
Mack Hill Road Bridge Relocation (Amherst) 317
Timberline Pump Station Upgrade (Nashua) 246
Chestnut Street Main Replacement (Nashua) 236
Richardson Station and Tank Replacement (Derry) 234
Foundry Street Water Main Replacement (Amherst) 233
