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M <br /> 2. Use of the pay-as-you-go basis for recording <br /> pension expense for retired employees participating <br /> in the county pension plan; whereas generally <br /> accepted accounting principles require the use <br /> of a method which considers, at a minimum, normal <br /> cost, interest on unfunded prior service cost, <br /> and amortization of unfunded vested benefits for <br /> participants in pension plans . <br /> In addition, as discussed in IV, the Mashpee Tribe initiated <br /> a class action suit on December 17 , 1981 regarding properties within <br /> the Town of Mashpee. The ultimate outcome of the suit and the related <br /> effect on real estate property taxes cannot presently be determined <br /> and no provision for any liability .that may result has been made in <br /> the financial statements. <br /> In our opinion, except for the effects on the general fund of <br /> the matters referred to above, the accompanying financial statements <br /> present fairly the assets, other than fixed assets, and liabilities <br /> of the various funds and group of accounts of the Town of Mashpee, <br /> Massachusetts as of June 30, 1981, and their respective changes in <br /> fund balances, and revenues and expenditures for the year ended <br /> June 30, 1981, in conformity with generally accepted accounting <br /> principles applied on a basis consistent with that of the preceding <br /> year. <br /> Respectfully submitted, <br /> CHARLES E. DI PESA & CO. <br /> p <br /> Certified Public countnt I <br /> I <br /> cw <br /> E i <br /> 2 - <br /> hARLEs E.DI <br /> PESA&CO.,BOSTON,MASS.(617)423-3555 <br />