Finance Committee

the city issued an RFP seeking development on a municipal surface parking lot and a 150-room
apartment building is now proposed for the downtown.

The downtown is seeing somewhat of a rebirth with its highest level of occupancy in years. The
small independent merchants and eateries have fended off the pandemic relatively well. There is
no available space on Main Street and with the city’s recent investment in the Nashua Center for
the Arts, the downtown is turning into a cultural hub.

In the daunting and challenging economic times such as the one we are facing, the City of Nashua
is weathering the storm exceptionally well. There are a number of diverse industries that anchor
our community such as Defense, Information Technology, Medical and Software, all of which
have large scale businesses that call Nashua home.

replacement program, which has been designed to replace equipment on an established schedule.
This ten-year plan allows for the timely replacement of the equipment at a time when the useful
life of the equipment has expired and the associated cost of maintenance and repair is not exorbitant
relative to the remaining value. The capital equipment replacement program has been designed to
be financed with a combination of internal cash and the issuance of debt.

Debt Administration

Single Audit

Financial Structure and Management

The settlement period continued into the 1700s as sawmills and gristmills were established to
harness the many streams and brooks throughout the town. The late-1700s were a significant
period for the region due to construction of the 27.75-mile-long Middlesex Canal System linking
the Merrimack River to Charlestown-Boston. Direct water access to Boston markets immensely
increased trade opportunities.

B) THE CITY OF NASHUA “The Gate City”

Financral Servrces Diwsion

Office of the Chief Financial Officer

April 14, 2022

To the Citizens of the City of Nashua and the Board of Aldermen:

Combined Enterprise Funds Revenue, Expenses, Other
Financing Sources and Uses and Change in Total Net Position -
Last Ten Fiscal Years 192

Revenue Capacity

General Government Tax Revenues by Source - Last Ten Fiscal Years 193

Property Tax Levies and Collections - Last Ten Fiscal Years 194

Assessed and Estimated Full Value of Real Property - Last

Ten Fiscal Years 195

Principal Taxpayers - Current Year and Nine Years Ago 196

Property Tax Rates per $1,000 of Assessed Value -

SUPPLEMENTARY STATEMENTS AND SCHEDULES:
Governmental Funds:
Combining Financial Statements:
Combining Balance Sheet - Nonmajor Governmental Funds

Combining Statement of Revenues, Expenditures, and
Changes in Fund Balance - Nonmajor Governmental Funds

Detail and Combining Budget and Actual Statements:

Detail Schedule of Revenues and Other Financing
Sources - Budget and Actual - General Fund

Detail Schedule of Expenditures and Other Financing
Uses - Budget and Actual - General Fund

Proprietary Funds:
Statement of Net Position
Statement of Revenues, Expenses, and Changes in Fund Net Position
Statement of Cash Flows
Fiduciary Funds:
Statement of Fiduciary Net Position
Statement of Changes in Fiduciary Net Position
Component Units:
Combining Statement of Net Position

Combining Statement of Revenues, Expenses and Changes to Net Position