The City invests in the New Hampshire public Investment Pool (NHPDIP), an external
investment pool managed by the State Banking Commission. The portfolio meets the
requirements of GASB Statement No. 79, Certain Investment Pools and Pool Participants,
and investments are valued at amortized cost.
Investments are reported at fair value except for certificates of deposit which are reported
at cost.
Interfund Receivables and Payables
e¢ The Solid Waste Enterprise Fund that accounts for the resources and costs associated
with the City’s landfills.
The City’s self-insurance programs are reported as an internal service fund in the
accompanying financial statements.
The fiduciary fund financial statements are reported using the economic resources
measurement focus and the accrual basis of accounting. Under this method, revenues are
recognized when earned and expenses are recorded when liabilities are incurred.
The City reports the following fiduciary funds:
general rule, the effect of interfund activity has been eliminated from the government-wide
financial statements.
Amounts reported as program revenues include (1) charges to customers or applicants for
goods, services, or privileges provided, (2) operating grants and contributions, and
(3) capital grants and contributions, including special assessments. Internally dedicated
resources are reported as general revenues rather than as program revenues. Likewise,
general revenues include all taxes.
Fund Financial Statements
The Nashua Airport Authority (the Authority) was established on August 27, 1961 by
legislative act as a separate legal entity. The Authority is located at Boire Field in Nashua,
New Hampshire and provides general airport operations as well as airplane tie-down
rentals. The Authority is governed by a five-member board, to be appointed by the Mayor
and confirmed by the Board of Aldermen. The Authority meets the criteria as a discretely
presented component unit as the City can appoint a voting majority of the Authority’s
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
