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i <br /> TOWN OF MASHPEE, MASSACHUSETTS <br /> ,I <br /> NOTES TO FINANCIAL STATEMENTS <br /> Year Ended June 30, 1985 <br /> I <br /> service (payment of principal and interest) is funded through the general <br /> fund. <br /> I <br /> Appropriated Fund Balance - The appropriated portion of fund balances <br /> consists, principally, of the balance of appropriations for capital <br /> expenditures and longer term projects which are continued until completion <br /> of the authorized project. <br /> II , <br /> Note 2. General Fund Balances <br /> General fund balances, in the accompanying financial statements, <br /> consist of the following components: <br /> Balances at June 30 <br /> 95 1984 <br /> Encumbered $ 30,573 $ 25,547 <br /> i <br /> Appropriated 339, 151 109,487 <br /> i <br /> Reserved for designated purposes: <br /> Overlay surplus 271 ,713 193,064 <br /> i <br /> Unreserved: <br /> Surplus revenue 790,328 1 , 190,872 <br /> Offset receipt deficit ( 555) <br /> State and county assessments - net 3,664 ( 311) j <br /> Legal overdraft — snow and ice ( 13,000) <br /> 793,992 1 , 177,006 <br /> General fund balances $1 ,435,429 $ 1 ,505, 104 <br /> Note 3. Budgeted Expenditures for the 1986 Fiscal Year - Expenditures <br /> budgeted by Town Meeting action for fiscal 198b totaled 7,055,579 at June <br /> 30, 1985. <br /> Of this amount, $ 54,000 was appropriated from surplus revenue, <br /> $101 ,170 from revenue sharing funds, $589,813 from borrowings, $1 ,595 from <br /> Offset receipts and $108,420 from other available funds. These appropria- <br /> tions will be recorded in fiscal 1986. <br /> Remaining budgeted expenditures of $6,200,581 are to be raised by the ' <br /> fiscal 1986 tax levy, estimated receipts, and by available funds to the <br /> is <br /> 6 <br /> I <br />