Finance Committee

(continued)

Govermmmental Activities

Aerial Tower Truck

Nashua Enterprise Resource Planning (ERP} System
Multi-Year Road Paving Project

Fire Pumper Truck

Multi-Year Road Paving Project

Sunset Heights School Renovations

Burke Street Property

Multi-Schools Roof Replacement

Anherst Street/Charon Avenue

Mine Falls Dam

Broad Street Parkway

LED Street Lights

Spit Brook Road Fire Station Improvements
Mine Falls Dam (Di Minimus)

Amherst Street/Charon Avenue

Burke Street Property

15.

Long-Term Debt

General Obligation Bonds (Public Offerings) and State Revolving Loans (Direct
Borrowing)

13.

14,

Notes Payable

The City participates in the New Hampshire Department of Environmental Services state
revolving fund loan program for clean water and drinking water projects. The notes will be
permanently funded upon completion of the projects. The following are changes in notes
payable for the year ended June 30, 2021:

Interest Date of Begmnnng Endmg
Rate — Issue Balance Additions Reductions Balance

10.

11.

12.

Depreciation expense was charged to functions of the City as follows (in thousands):

Governmental Activities

General government $ 796
Police §45
Fire 1,038
Education 7,927
Public works 6,695
Heath and human services 16
Culture and recreation 892
Community development 1,650
Communications 850
Hydroekctric 226
Total governmental activities $ 20,635

Business-Type Activities

Wastewater $ 6,462
Solid Waste 2,267
Total business-type activities $ 8,729

8. Capital Assets

Capital asset activity for the year ended June 30, 2021 was as follows (in thousands):

The following is a detailed analysis of general fund transfers made in fiscal year 2021:

General Fund Transfers In:

The City reports interfund transfers between many of its funds. The City’s routine transfers
include transfers made to move (1) unrestricted revenues or balances that have been
collected or accumulated in the general fund to other funds based on budgetary
authorization, and (2) revenues from a fund that by statute or budgetary authority must
collect them to funds that are required by statute or budgetary authority to expend them.
The sum of all transfers presented in the table agrees with the sum of interfund transfers

Funds:

General Fund
Debt Service Fund

Property tax receivables at June 30, 2021 consist of the following:

Allowance
Gross for Doubtful Net
Amount Accounts Amount

Levy of 2020 $ 17,045,310 $ - $ 17,045,310
Tax Liens 7,076,507 (2,735,935) 4,340,572
Subtotal property taxes 24,121,817 (2,735,935) 21,385,882
Tax deeded property 331,942 - 331,942
Total $ 24,453,759 $ (2,735,935) $ 21,717,824

User Fee Receivables

Receivables for user charges at June 30, 2021 consist of the following:

The City has the following fair value measurements as of June 30, 2021:

Fair Value Measurements Using: