Board Of Aldermen

Special Board of Aldermen —

Assessing Update on 2022 Full Revaluation

November 15,2022

City of Nashua

Administrative Services Division
229 Main Street - Nashua, NH 03060

To: Mayor Donchess
Board of Aldermen

Date: November 10, 2021

Re: Update on the 2022 Revaluation

Attached is a brief presentation for your meeting on Monday, November 15, 2021.
City staff will provide a brief review of the process to date and resources available to residents.

SPECIAL BOARD OF ALDERMEN

NOVEMBER 15, 2021

7:15 P.M. or immediately after Special Personnel/Admin. Affairs Cte. Aldermanic Chamber and via
Zoom

Join Zoom Meeting: https://us02web.zoom.us/j/8432412642 1? pwd=OVprOThFeX VBKOhJcEVKNkKSSNX Yydz09
Meeting ID: 843 2412 6421 Passcode: 122560

Join by telephone: 1-929-205-6099 Meeting ID: 843 2412 6421 Passcode: 122560

City and School Claims - Five Year Trend
|_ $393,130.48
297,772.16
FY20 Actual
ag $166,349.95
11,780.97
FY19 Actual

§216,469,36
541109.6
FY18 Actual
$293 669.36
$297,529.55
FY17 Actual

$- $200,000.00 $400,000.C0 $600,000.00 $800,000.00 $1,000,000.00 $1,200,000.00 $1,4C0.000.00 $1,60C,C00.00 $1,800,0C0 00

FY21 Actual
§1,580,442,37

$1,524,871.02

$1,692,693.65

$1,484,649.46

$1,518,205.13

$4,500,000 00

$4,000,000 00

$3,500,000.00

$3,000,000,00

$2,500,000.00

$2,000,000.00

$1,500,000.00

$1,000,000.00

$500,000.00

$(500,000.00)

$(1,000,000.00)

Funding and Change in IBNR

$3,877, 139.00

$3,800.000.0¢ | $3,800,000,00
$3,342,035.0
$3,342,035 GO

TRANSFER FROM GENERAL FUND

g FY 2017 a FY 2018 o FY 2019

$655 100.c0
$541,352.00

$379,125.00
$84,113 00 i |
Qs i

HANGE IN IBNR

$(64C,064 00)

» FY 2020 @FY 2021

PROPERTY & CASUALTY FUND

Special Board of Aldermen 10-25-2021 Page 7

A viva voce roll call was taken which resulted as follows:
Yea: Alderman O’Brien, Alderman Klee, Alderwoman Kelly, Alderman Dowd,

Alderman Caron, Alderman Clemons, Alderman Lopez, Alderman Tencza,

Alderwoman Lu, Alderman Jette, Alderman Laws, Alderwoman Harriott-Gathright,

Alderman Wilshire 13
Nay: 0
MOTION CARRIED

The meeting was declared adjourned at 7:27 p.m.

Attest: Allison Waite, Deputy City Clerk

Special Board of Aldermen 10-25-2021 Page 6

Special Board of Aldermen 10-25-2021 Page 5

Jennifer Deshaies, Risk Manager

Correct.
Alderman Klee
So that’s what you meant by the life of the person not necessarily that the person was out of work forever.

Jennifer Deshaies, Risk Manager

Right, not the life of the claim. So the claim may close. We may not see any other activity for the life of that person
or, you know, five years down the road they may come back due to a failed surgery or something like that. It could
happen.

Alderman Klee

Special Board of Aldermen 10-25-2021 Page 4

Chairman Dowd

Anyone else?

Alderwoman Lu

| just want to ask for some clarification. There’s been a lot of talk about when we have a public hearing whether it’s
time for us to ask questions or whether we’re meant to allow the public to ask questions or comment. | have
questions but having received this just now, | would be more ready to ask questions after I’ve looked at it.

Chairman Dowd