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CHARLES E. D I PESA & CO. <br /> CERTIFIED PUBLIC ACCOUNTANTS <br /> 10 HIGH 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. <br /> 617-423-3555 <br /> August <br /> 26 <br /> 1982 <br /> To the Board of Selectmen <br /> Town of Mashpee <br /> Mashpee, Massachusetts 02649 <br /> Re: Accountant' s Opinion - <br /> Certified Audit <br /> Gentlemen: <br /> we have examined the financial statements of the various <br /> funds and account groups of the Town of Mashpee, Massachusetts for the <br /> year ended June 30, 1982. Except as explained in the following <br /> paragraphs, our examination was made in accordance with generally <br /> accepted auditing standards and, accordingly, included such tests of <br /> the accounting records and such other auditing procedures as we <br /> considered necessary in the circumstances. <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. <br /> i <br /> The Town follows accounting policies prescribed by the <br /> Commonwealth of Massachusetts vary certain respectsects 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 <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 /> CHAR <br /> LES E.DIPESA&CO.,BOSTON,MASS.(617)423-3555 <br />