Board Of Aldermen

LEGISLATIVE YEAR 2022

RESOLUTION: R-22-027

PURPOSE: Authorizing the Mayor and City Treasurer to issue bonds not
to exceed the amount of three million seven hundred thousand
dollars ($3,700,000) for the replacement and upgrade of radio
communications equipment

SPONSOR(S): Mayor Jim Donchess
Alderman-at-Large Michael B. O’Brien, Sr.

COMMITTEE
ASSIGNMENT: Budget Review Committee
FISCAL NOTE: The bond would be sold in FY 23 for a seven year term. It is

R-22-027

RESOLUTION

AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS
NOT TO EXCEED THE AMOUNT OF THREE MILLION SEVEN HUNDRED
THOUSAND DOLLARS ($3,700,000) FOR THE REPLACEMENT AND UPGRADE OF
RADIO COMMUNICATIONS EQUIPMENT

CITY OF NASHUA

in the Year Two Thousand and Twenty-Two

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© Continued roll-out and implementation af company-wide Customer Security Program, to the
benefit and safety of customers and employees

¢ Continued training, meitoring and succession planning throughout (he organization, including
impending retirements occurring in 2022 and 2023 for certain key rales

e Continue to promote customer education through newsletters and social media

e Complete upgrades to the Bowers Dam spillway, tncluding replacement of the spillway gate
and the construction of an auxiliary spillway

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Bedford. This project was initiated in 2018, and was completed during 2019, bringing water to
approximately 90 new customers in that community.

from all its customers based on their actual bills incurred between April |, 2021 and the final
effective date of the Order.

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December 17, 2020. The overall rate increase is subject to the normal regulatory filing process
with the NHPUC, as followed for all prior rate case filings, and as such, the final permanent rate
increase granted will be effective retroactive back to the filing date.

On November 9, 2021, the NHPUC issued Order No. 26,544 approving a permanent rate
increase of 5.45%, becoming effective with services rendered back to December 17, 2020.

Finaneing

Capital Expenditures

Capital expenditures in the fourth quarter of 2021 were $2.2 million compared to $4.9 million in
the fourth quarter of 2020. For the year 2021, capital expenditures were $8.7 million as
compared to $10 7 million in 2620

The major expenditures for 2021 were as follows:

Kessler Farm Tank Replacement $3.967,000
Coburn Woeds Main Replacements $653,000
Merrimack River Pumping Station $270,000
Locke Lake Surface Water ‘I'reatment $253,000

Rate Cases

Notes to Balance Sheet

LIABILITIES

Unaudited Cash Flow Statement

Cash Plaw on a GAAP basis forthe fourth quarter of 2021 as compared to the fourth quarter of
2020, and the year-to-date 2021 versus 2020, are as follows: