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Nor— <br /> Budget Basis <br /> The budget for the town is presented on a cash basis. Briefly, this means that we record transactions when we ' <br /> disburse expenditures and when we receive revenues. The budget does not reflect obligations of the town(i.e.,out. <br /> standing purchase orders)as expenditures in the year incurred but are reflected in the year disbursed.We reflect funds <br /> for these obligations as "continued" appropriations from the prior fiscal year's. <br /> The budget presents only the General Operating Fund which state statute requires to be appropriated by Town <br /> Meeting. <br /> :r <br /> r.: <br /> ,I <br /> i' <br /> �I <br /> i <br /> J <br /> i <br /> kLF7k <br /> it <br /> II ' <br /> f <br /> � t <br /> z <br /> I <br /> I <br /> p� <br /> yr � <br /> ii <br /> i' <br /> I , <br /> II - <br /> I <br /> i <br /> i <br /> I <br /> 14 <br />