Laserfiche WebLink
GHA.RLES E . DI DESA & Go. <br /> CERTIFIED PUBLIC ACCOUNTANTS <br /> 10 HIGH STREET <br /> CHARLES E.DiPESA, C. P. A. MEMBERS <br /> BOSTON,MASS.02110 i.C.P.A. <br /> WILLIAM F.DiPESA,C. P. A. MASS.C.P.A. , <br /> JOHN F.OTERI,C.P. A. N.A.A. <br /> 617-423-3555 <br /> November <br /> 21 <br /> 1980 j <br /> To the Board of Selectmen j <br /> Town of Mashpee <br /> Mashpee, Massachusetts 02649 <br /> Re: Accountants ' Opinion - <br /> Certified Audit <br /> Gentlemen: <br /> We have examined the financial statements of the various <br /> funds and general long-term debt accounts of the Town of Mashpee, <br /> Massachusetts for the year ended June 30, 1980 . Except as explained <br /> in the following paragraphs, our examination was made in accordance <br /> with generally accepted auditing standards and, accordingly, included <br /> such tests of the accounting records and such other auditing j <br /> procedures as we considered necessary in the circumstances . <br /> i <br /> As is the practice with many municipalities in the <br /> Commonwealth of Massachusetts, the Town does not maintain records of <br /> the historical cost of its general fixed assets . Accordingly, a <br /> statement of general fixed assets has not been provided as required <br /> by generally accepted accounting principles. !! ,;a'•: <br /> I§'U�i.i41.i <br /> The Town follows accounting policies prescribed by the <br /> Commonwealth of Massachusetts which vary in certain respects from <br /> generally accepted accounting principles . The principal differences <br /> required by the Commonwealth are as follows: <br /> 1. Use of cash basis reporting for general fund j 4 <br /> revenues other than real estate and personal <br /> property taxes ; whereas generally accepted <br /> accounting principles require the use of the <br /> modified accrual basis to record motor vehicle <br /> excise tax, tax titles and possessions . <br /> -1- <br /> C111LES E.DIPESA&CO.,BOSTON,MASS.(617)423-3555 <br />