CITY OF NASHUA, NEW HAMPSHIRE
Notes to Financial Statements
Summary of Significant Accounting Policies
The accounting policies of the City of Nashua, New Hampshire (the City) conform to
generally accepted accounting principles (GAAP) as applicable to governmental units. The
following is a summary of the more significant policies:
Reporting Entity
CITY OF NASHUA, NEW HAMPSHIRE
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
COMPONENT UNITS
FISCAL YEAR ENDING JUNE 30, 2021
(Except for Pennichuck Corporation Component Unit, which is for the year ending December 31. 2020)
CITY OF NASHLA, NEW HAMPSHIRE
COMBINING STATEMENT OF NET POSITION
CITY OF NASHUA, NEW HAMPSHIRE
FIDUCIARY FUNDS
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FOR FISCAL YEAR ENDED JUNE 30, 2021
Additions
Employer contributions
Plan member contributions
Property taxes collected for County
Fees collected for State of New Hampshire
Other
Investment Income:
Dividend, interest and investment income
Less: management fees
Total Additions
CITY OF NASHUA, NEW HAMPSHIRE
FIDUCIARY FUNDS
STATEMENT OF FIDUCIARY NET POSITION
CITY OF NASHUA, NEW HAMPSHIRE
PROPRIETARY FUNDS
STATEMENT OF CASH FLOWS
FOR FISCAL YEAR ENDED JUNE 30, 2021
CITY OF NASHUA, NEW HAMPSHIRE
PROPRIETARY FUNDS
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION
FOR FISCAL YEAR ENDED JUNE 30, 2021
Assets
Current
Cash and short-term investments
Investments
User fees, net of allowance for uncollectibles
Intergovernmental receivable
Due from other funds
Other assets
Total Current Assets
Noncurtent:
Capital assets being depreciated, net
Capital assets not being depreciated
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources
Related to pensions
Related to OPEB
Total Deferred Qutflows of Resources
CITY OF NASHUA, NEW HAMPSHIRE
GENERAL FUND
STATEMENT OF REVENUES AND OTHER SOURCES, AND EXPENDITURES AND OTHER USES -
BUDGET AND ACTUAL
Revenues
Property taxes
Auto permits
Penalties, interest and other taxes
Charges for services
Intergovernmental
Licenses and permits
Interest earnings
Miscellaneous
Total Revenues
CITY OF NASHUA, NEW HAMPSHIRE
RECONCILIATION OF THE STATEMENT OF REVENUES,
EXPENDITURES, AND CHANGES IN FUND BALANCES OF
GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 202]
Net changes in fund balances - Total governmental funds $ 10,949.29)
* Govemmental funds report capital outlays as expenditures. However,
in the Statement of Activities the cost of those assets is allocated
over ther estimated useful lives and reported as depreciation expense:
