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' Notes to Basic Financial Statements For the Fiscal Year Ended June 30,2004
<br /> ' NOTE 4-ACCOUNTS RECEIVABLE
<br /> ' At June 30,2004,receivables for the individual major governmental funds and nonmajor and fiduciary funds in
<br /> the aggregate,including the applicable allowances for uncollectible accounts,are as follows:
<br /> Allowance
<br /> Gross for Net
<br /> Amount Uncollectibles Amount
<br /> Receivables:
<br /> ' Real estate and personal property taxes......... $ 1,270,270 $ (180,000) $ 1,090,270
<br /> Real estate tax deferrals............................... 59,289 - 59,289
<br /> Tax liens................................................... 355,403 355,403
<br /> ' Motor vehicle and other excise taxes.............. 446,625 (215,000) 231,625
<br /> Landbank surcharges.................................. 36,587 36,587
<br /> Special assessments.................................... 1,090,662 1,090,662
<br /> ' Departmental and other.............................. 854,720 (644,664) 210,056
<br /> Intergovernmental..................................... 17,775,483 17,775,483
<br /> Loans....................................................... 284,610 284,610
<br /> ' $ 22,173,649 $ (1,039,664) $ 21,133,985
<br /> Governmental funds report deferred revenue in connection with receivables and other assets(tax foreclosures)for
<br /> revenues that are not considered to be available to liquidate liabilities of the current period. The following
<br /> identifies the various components of deferred revenue reported in the governmental funds:
<br /> Other
<br /> General Governmental
<br /> '
<br /> Receivable tvFund Funds Total
<br /> ye:
<br /> Real estate and personal property taxes.................... $ 631,465 $ $ 631,465
<br /> Real estate tax deferrals......................................... 59,289 59,289
<br /> Tax liens.............................................................. 334,643 20,760 (b) 355,403
<br /> Motor vehicle and other excise taxes........................ 231,625 - 231,625
<br /> Landbank surcharges............................................ i - 36,587 (a) 36,587
<br /> Special assessments............................................... - 1,090,662 (b) 1,090,662
<br /> Departmental and other......................................... 24,489 185,567 (b) 210,056
<br /> Intergovernmental(state school construction)............ 17,147,000 - 17,147,000
<br /> ' Intergovernmental (other state and federal).............. 171,587 171,587
<br /> Tax foreclosures................................................... 644,739 - 644,739
<br /> ' Total................................................................. $ 19,244,837 $ 1,333,576 $ 20,578,413
<br /> (a)Landbank Fund(Major Fund)
<br /> ' (b)Nonmajor Governmental Funds
<br /> Town of Mashpee,Massachusetts 31 Basic Financial Statements
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