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MELANSON HEATH & COMPANY, PC <br /> CERTIFIED PUBLIC AccoUN"FANTS <br /> 1 F Trafalgar Square <br /> Nashua,NH 03o63.1974 <br /> Tel (603)882-1111 • Fax(6o3)882,9456 <br /> To the Board of Selectmen <br /> Town of Mashpee, Massachusetts <br /> ' We have audited the financial statements of the Town of Mashpee, Massachusetts <br /> as of and for the year ended June 30, 1997 and have issued our report thereon <br /> dated September 5, 1997. As part of our audit, we made a study and evaluation of <br /> the Town's system of internal accounting control to the extent we considered neces- <br /> sary to evaluate the system as required by generally accepted auditing standards. <br /> Under these standards, the purpose of such evaluations are to establish a basis for <br /> reliance on the system of internal accounting control in determining the nature, <br /> timing and extent of other auditing procedures that are necessary for expressing an <br /> opinion on the financial statements. <br /> The management of the Town of Mashpee, Massachusetts is responsible for <br /> establishing and maintaining a system of internal accounting control. In fulfilling this <br /> responsibility, estimates and judgments by them are required to assess the <br /> expected benefits and related costs of control procedures. The objectives of such <br /> a system are to provide reasonable, but not absolute, assurance that assets are <br /> safeguarded against loss from unauthorized use or disposition, and that <br /> transactions-actions are executed in accordance with required authorization and <br /> ' recorded properly to permit the preparation of financial statements in accordance <br /> with generally accepted accounting principles. <br /> ' Because of inherent limitations in any system of internal accounting control, errors <br /> or irregularities may still occur without being detected. Also, projection of any <br /> evaluation of the system to future periods is subject to the risks that procedures may <br /> become inadequate because of changes in conditions or that the degree of <br /> compliance with the procedures may deteriorate. <br /> Our study and evaluation was not designed for the purpose of expressing an <br /> opinion of the internal accounting control structure and would not necessarily <br /> Additional Offices: <br /> Greenfield,MA •Ellsworth,ME <br />