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r. <br /> i <br /> TOWN OF MASHPEE, MASSACHUSETTS <br /> NOTES TO FINANCIAL STATEMENTS <br /> JUNE 309 1986 <br /> from the "Provision For Abatement and Exemption" accounts. This account was <br /> previously known or classified as "Overlay Surplus" and may be appropriated by <br /> town meeting vote for extraordinary or unforeseen expenses in accordance with <br /> Chapter 59, Section 25, Massachusetts General Laws. <br /> 4. (b) Encumbrances <br /> The town records encumbrances as Reservation of Fund Balance and the <br /> subsequent years' appropriations provide authority to complete these transactions <br /> as expenditures. <br /> (c) Reserve for Continued Appropriations <br /> I <br /> The balance in this account is made up of current and prior years' j <br /> unexpended appropriations carried forward. <br /> j! li <br /> i <br /> (d) Deficit - Agency Fund <br /> The deficit balance of $3,270 as of June 30, 1986, is the advance <br /> payment of collections to off duty police. <br /> I <br /> i <br /> 5. Unreserved Fund Balance <br /> (a) Designated Fund Balance <br /> Designated fund balance indicates that a portion of fund equity which <br /> the town has made tentative plans for or other legal restrictions exist which <br /> prevent this equity from being classified as undesignated. The following have i <br /> i <br /> been classified as designated for special purposes: <br /> Free cash designated for specific purposes $83_600 <br /> 22 �� <br />