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I <br /> TOWN OF MASHPEE, MASSACHUSETTS <br /> NOTES TO FINANCIAL STATEMENTS <br /> Year Ended June 30, 1985 <br /> I <br /> outstanding indebtedness at June 30, 1985 is as follows: <br /> Fiscal Year Interest Outstanding <br /> of Maturity Rate June 30, 1985 <br /> Inside the debt limit: <br /> Land acquisition 1986 5.05% $ 57,000 <br /> Police and fire station 1999 5.000/. <br /> 758,265 <br /> 815,265 I <br /> L, <br /> 1i <br /> Outside the debt limit: <br /> Middle school 1996 6.00% 2,210,000 <br /> $3,025,265 <br /> Debt principal and interest are payable as follows: <br /> Fiscal Year Principal Interest <br /> is <br /> 1986 $ 333,067 $ 171 ,741 <br /> 1987 266,066 152,958 <br /> 1988 26606 137,655 <br /> 1989 266,066 122,352 <br /> 1990 266,066 107,049 <br /> Thereafter 1 ,627,934 352,451 <br /> $3,025,265 $1 ,044,206 <br /> I <br /> At June 30, 1985, bonds authorized totaled $733,697 of which $613,500 <br /> was issued as temporary loans in anticipation of bond issue. <br /> I <br /> Note 6. Stabilization Fund <br /> Changes in the stabilization fund for the year ended June 30, 1985 are <br /> as follows: <br /> Fund balance at beginning of year $ 80,064 <br /> I <br /> Interest income 14,046 <br /> Appropriation from general fund 78,500 <br /> I <br /> Fund balance at end of year $172,610 <br /> 8 M ' <br /> I <br />