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Notes to Basic Financial Statements For the Fiscal Year Ended June 30,2004
<br /> ' Details related to the outstanding indebtedness at June 30,2004,and the debt service requirements are as follows:
<br /> ' Bonds and Notes Payable-Governmental Funds
<br /> Outstanding Outstanding
<br /> Interest at June 30, at June 30,
<br /> ' Project Rate(%) 2003 Additions Reductions 2004
<br /> Cotuit Corners&Scituate Roads........ 5.50 $ 90,000 $ - $ (45,000) $ 45,000
<br /> Sachem&Clippership Village Road... 4.50 70,000 - (35,000) 35,000
<br /> Middle School Addition................... 5.30 645,000 - (645,000) -
<br /> Town Hall Renovation..................... 5.20 900,000 - (500,000) 400,000
<br /> ' Various Roads................................ 5.00 475,000 - (215,000) 260,000
<br /> Fire Station..................................... 5.00 2,180,000 - (995,000) 1,185,000
<br /> Land Acquisition............................. 5.00 4,045,000 - (1,805,000) 2,240,000
<br /> Mashpee High School...................... 5.30 19,975,000 - (14,255,000) 5,720,000
<br /> Landfill Capping(MWPAT).............. 4.90 745,900 - (39,800) 706,100
<br /> Landfill Capping(MWPAT).............. 5.30 79,210 - (3,898) 75,312
<br /> ' Septic Repair(MWPAT)................... 5.00 187,004 - (10,400) 176,604
<br /> Sewer Facilities(MWPAT)................ 4.90 27,038 - (1,200) 25,838
<br /> Septic Repair(MWPAT)................... 0.00 50,000 120,000 - 170,000
<br /> Land Acquisition............................. 3.90 3,882,000 - 3,882,000
<br /> Public Way..................................... 3.90 - 82,000 - 82,000
<br /> Fire Equipment............................... 3.90 - 600,000 - 600,000
<br /> ' Cemetery....................................... 3.90 - 266,000 - 266,000
<br /> Refunding Bonds(Series A).............. 3.60 - 16,060,000 - 16,060,000
<br /> Refunding Bonds(Series B)............... 2.60 - 665,000 (140,000) 525,000
<br /> ' Sub-total........................................ 29,469,152 21,675,000 (18,690,298) 32,453,854
<br /> Unamortized premium..................... - 1,516,750 (63,198) 1,453,552
<br /> Deferred loss on refundings.............. - (1,764,487) 73,520 (1,690,967)
<br /> ' Total governmental funds,net........... $ 29,469,152 $ 21,427,263 $ (18,679,976) $ 32,216,439
<br /> Town of Mashpee,Massachusetts 35 Basic Financial Statements
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