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t� <br /> CHARLES E. D I PESA & CO. <br /> CERTIFIED PUBLIC ACCOUNTANTS <br /> 10 NIGH STREET CHARLES E.D I PESA,C P.A. <br /> WILLIAM F.D I PESA,C.P.A. <br /> BOSTON, MASS. 02110 JOHN F.OTERI,C.P.A. j <br /> 617423-3555 <br /> April <br /> 16 <br /> 1982 <br /> To the Board of Selectmen <br /> own of Mashpee <br /> ashpee, 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 /> assachusetts for the year ended June 30, 1981. Except as explained <br /> nthe 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 procedures <br /> as we considered necessary in the circumstances . <br /> As is the practice with many municipalities in the Commonwealth <br /> ofMassachusetts, the Town does not maintain records of the historical <br /> cost of its general fixed assets. Accordingly, a statement of general <br /> fixed assets has not been provided as required by generally accepted <br /> accounting principles . <br /> i <br /> The Town follows accounting policies prescribed by the <br /> ommonwealth of Massachusetts which vary in certain respects from <br /> generally accepted accounting principles . The principal differences <br /> squired by the Commonwealth are as follows : <br /> 1. Use of cash basis reporting for general fund <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 /> PiARLES E.DIPESA&CO..BOSTON.MASS.(617)423-3555 <br />