Laserfiche WebLink
BLISS & MARZELLI <br /> CERTIFIED PUBLIC ACCOUNTANTS <br /> 254-B SHORE ROAD <br /> P.O. BOX 1025 <br /> MONUMENT BEACH, MA 02553 <br /> TELEPHONE(508) 759-4110 <br /> INDEPENDENT AUDITOR'S REPORT <br /> h <br /> < 4 <br /> Board of Selectmen <br /> s Town of Mashpee <br />;fid Mashpee, Massachusetts <br /> Honorable Selectmen: <br /> We have audited the accompanying general purpose financial state- <br /> ments of the Town of Mashpee, Massachusetts as of June 30, 39BS, and <br /> for the year then, ended. These general purpose financial statements <br /> are the responsibility of the Town of Mashpee, Massachusetts. Our <br /> responsibility is to express an opinion on these general purpose <br /> financial statements based on our audit. <br /> We conducted our audit in accordance with generally accepted <br /> auditing standards. Those standards require that we plan and perforin <br /> the audit to obtain reasonable assurance about whether the <br /> general purpose financial statements are free of material misstate- <br /> ment. Ar, audit includes examining, on a test basis, evidence support- <br /> ing the amounts and disclosures in the general purpose financial <br /> statements. An audit also includes assessing the accounting prin- <br /> ciples used and significant estimates made by management, as well as <br /> evaluating the overall general purpose financial statement presenta- <br /> tion. We believe that our audit provides a reasonable basis for our <br /> opinion_ <br /> The Town follows accounting practices prescribed by the Common- <br /> wealth of Massachusetts which vary in certain respects from generally <br /> accepted accounting principles. The most significant difference re- <br /> lates to the cash basis method for recording pension, expenses for <br /> employees. Generally accepted accounting principles require that pen- <br /> siani costs be determined by actuarial methods instead of the cash ' <br /> "pay-as-you-go" basis prescribed in Mote ; to the accompanying finan - <br /> c i a l statements. <br /> Consistent with the practices of many municipalities in the Corn- <br /> manwealth of Massachusetts, the Town has not maintained historical <br /> cast records of its property, plant and equipment. Accordingly, the <br /> general purpose financial statements referred to above do riot include <br /> a general fixed asset group of accounts which should be presented to <br /> conform with generally accepted accounting principles. <br /> 1 <br />