Revenues
Property taxes
Aulo pemnits
Penalties, interest and other taxes
Charges for services
Intergovernmental
Licenses and permits
Investment income
Contributions
Hydroelectnc power generation
Cable TV franchise fees
Rentals and lease income
Miscellaneous
Total Revenues
Expenditures
CITY OF NAS HUA, NEW HAMPSHIRE
RECONCILIATION OF TOTAL GOVERNMENTAL FUND
BALANCES TO NET POSITION OF GOVERNMENTAL
ACTIVITIES IN THE STATEMENT OF NET POSITION
JUNE 30, 2021
Total governmental fund balances $ 123,257,472
* Capital assets used in governmental activities are not financial
resources and, therefore. are not reported in the governmental funds. 362,519,981
* Revenues are reported on the accrual basis of accounting
Assets
Cash and short-term investments
Investments
CITY OF NASHUA, NEW HAMPS HIRE
Receivables, net of allowance for uncollectibles:
Property taxes
Tax deeded property
Departmental and other
Intergovernmmental
Loans
Due from other funds
Other assets
Total Assets
Liabilities
Accounts payable
Salaries payable
Accrued liabilities
Uneamed revenue
Due to other funds
Other liabilities
Total Liabilities
Deferred Inflows of Resources
Unavailable revenues
CITY OF NASHUA, NEW HAMPSHIRE
STATEMENT OF ACTIVITIES
FOR FISCAL YEAR ENDED JUNE 30, 2021
(Except for Pennichuck Corperation Component Unit, which is forthe year ending December 31, 2020)
(continued )
Business-
Govemmental Type Component
Activities Activities Total Units
Change in Net Pesitien
Net (Expenses) Revenue from previous page § (260,537,173) $ = 4,715,122} § (265,252,295) $ = (1,641,898)
General Revenues:
Property taxes 216,376,307 - 216,376,307 -
Auto pennits 16,916,065 - 16,916,065 -
CITY OF NASHUA, NEW HAMPSHIRE
STATEMENT OF ACTIVITIES
FOR FISCAL YEAR ENDED JUNE 30, 2021
(Except for Pennichuck Corporation Component Unit, which is for the year ending December 31, 2020)
CIM OF NASHLA, NEW HAMPSHIRE
The City adopted a fiscal year 2022 General Fund operating budget of $309.5 million (inclusive of the
subsidy transfer to solid waste, the Hillsborough County appropriation, and supplemental
appropriations), compared to an adopted budget of $301.0 million for fiscal year 2021. The budget
reflects an overall increase of 2.9% over the prior year. $4.0 million of assigned fund balance is
planned to be used as a funding source towards the fiscal year 2022 tax rate.
Requests for Information
Long-Term Debt
At the end of the current fiscal year, the City had total debt outstanding of $337 million compared
to $310 million in the prior year. Of this amount, $297 million represents general obligation debt, which
is backed by the full faith and credit of the government.
OUTSTANDING DEBT AS OF JUNE 36, 2021 and 2020
Major capital asset additions during the current fiscal year included the following (in thousands):
Governmental Activities
The difference between the original and final amended budget resulted in an overall increase in
appropriations of $0.65 million and is summarized as follows:
Total Original Budget, per budgetary financial statements/schedule $ 301,027,022
Plus: Transférs in from Retirement Trust and
Police Overtime Reserve Fund 650,416
Total Final Budget, per Financial Statements/Schedules $ 301,677,438
The combined difference between the final amended budget and actual results reflects an overall
surplus of $8.7 million.
