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Notes to Basic Financial Statements For the Fiscal Year Ended June 30,2004 <br /> ' Depreciation expense was charged to functions/programs of the primary government as follows: <br /> ' Governmental Activities: <br /> General government.................................................... $ 150;033 <br /> Public safety............................................................... 525,338 <br /> ' Education.................................................................. 653,457 <br /> Public works............................................................... 162,989 <br /> Health and human services........................................... 11,257 <br /> ' Culture and recreation................................................. 58,769 <br /> Total depreciation expense-governmental activities.............. $ 1,561,843 <br /> ' NOTE 6-INTERFUND TRANSFERS <br /> Interfund transfers for the fiscal year ended June 30,2004,are summarized as follows: <br /> Transfers In: <br /> ' Nonmajor <br /> General Governmental <br /> Transfers Out: Fund Funds Total <br /> General Fund............................... $ - $ 244,000 $ 244,000 (1) <br /> Stabilization Fund........................ 750,000 - 750,000 (2) <br /> Landbank Fund........................... 435,405 435,405 (3) <br /> Nonmajor Governmental Funds...... 968,147 - 968,147 (4) <br /> $ 2,153,552 $ 244,000 $ 2,397,552 <br /> (1) Represents budgeted transfers to capital project funds for the paydown of short-term notes($184,000)and <br /> a budgeted transfer to the nonmajor governmental funds($60,000). <br /> ' (2) Represents budgeted transfer to fund the 2004 operating budget. <br /> (3) Represents budgeted transfers to fund debt service principal and interest($377,605);incidental costs <br /> ' associated with a purchase of property($7,800);and maintenance of property purchased by the Town <br /> ($50,000). <br /> (4) Represents budgeted transfers to the general fund from the capital road projects fund($361,805); <br /> ambulance receipts($250,000);street betterment fund ($186,045);hotel/motel receipts ($100,000); <br /> waterways receipts($40,950);shellfish receipts($14,000);conservation fund ($12,347);and cemetery <br /> receipts($3,000). <br /> Town of Mashpee,Massachusetts 33 Basic Financial Statements <br />