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1. <br /> JOSEPH F. BOUGHAN <br /> Certified Public Accountant <br /> Five Kurland Avenuc <br /> Brockton, Massachusetts 02401 <br /> 617 -, 586-0612 <br /> To The Honorable Board of. Selectmen <br /> Town of Mashpee <br /> Massachusetts <br /> I have examined the financial statements listed in the index on the <br /> preceding page of the accounts of the Town of Mashpee as of June 30, 1976, <br /> and for the year then ended. My examination was made in accordance with generally <br /> accepted auditing standards and accordingly included such tests of the <br /> accounting records and such other auditing procedures as I considered necessary <br /> in the circumstances. <br /> The town's financial statements have been prepared on the basis of account— <br /> ing and reporting practices prescribed by the Bureau of Accounts of the <br /> Commonwealth of Massachusetts which practices differ, in some respects from <br /> generally accepted accounting principles set forth in pronouncements of the <br /> American Institute of Certified Public Accounts and the National Committee <br /> on Governmental Accounting. The more significant differences relate to fund <br /> account groupings, recording of fixed assets and the reporting of revenues <br /> and expenditures. Accordingly, the statements do not present either financial <br /> position or results of operations in conformity with generally accepted <br /> accounting principles. <br /> In my opinion the financial statements examined by me present fairly <br /> the information contained therein in conformity with accounting and reporting <br /> practices prescribed by the Department of Corporations and Taxation, Bureau of <br /> Accounts of the Commonwealth of Massachusetts applied on a basis consistent <br /> with that of the preceding year.. <br /> . January 14, 1977 <br />