Finance Committee

19.

Retirement System

New Hampshire Retirement System

The City follows the provisions of GASB Statement No. 68, Accounting and Financial
Reporting for Pensions — an amendment of GASB Statement No. 27, with respect to the
State of New Hampshire Retirement System (NHRS).

The following pension disclosures for the New Hampshire Retirement System pension plan
are based upon an actuarial valuation performed as of June 30, 2019, using a measurement
date of June 30, 2020.

Plan Description

Following is a breakdown of the City’s fund balances at June 30, 2021:

Committed

18.

Unavailable revenues are reported in the governmental funds balance sheet in connection
with receivables for which revenues are not considered available to liquidate liabilities of
the current year.

Taxes levied in advance are reported in the governmental funds balance sheet and
government-wide statement of net position in connection with subsequent year property tax
revenue collections which are not available for use in the current year.

16.

17.

Landfill Closure and Postclosure Care Costs

Changes in General Long-Term Liabilities
During the year ended June 30, 2021, the following changes occurred in long-term
liabilities (in thousands):

Bond Authorizations
Long-term debt authorizations which have not been issued or rescinded as of June 30, 2021
are as follows:

General Obligation Bonds (Public Offerings)

Business-Type Principal Interest Total
2022 $ 2,804.500 § 1,030,352 § 3,834,852
2023 2,790,000 884,942 3,674,942
2024 2,790.000 753.466 3,543,466
2025 1,990.000 636.611 2,626,611
2026 1,795,000 551,362 2,346,362
2027 - 2031 7,980,000 1,633,631 9.613.631
2032 - 2036 3,955.000 479,972 4,434,972
2037 - 2040 1,673,000 85,981 1,758,981
Total $ 25,777,500 $ 6,056,317 $ —31,833.817

State Revolving Loans (Direct Borrowing)

Future Debt Service
The annual payments to retire all general obligation bonds and state revolving loans
outstanding as of June 30, 2021 are as follows:

General Obligation Bonds (Public Offerings)

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