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i <br /> i <br /> TOWN OF MASHPEE, MASSACHUSETTS j <br /> NOTES TO FINANCIAL STATEMENTS <br /> JUNE 30, 1986 <br /> i' <br /> 11. Unemployment Compensation <br /> The town is on the reimbursable method of paying unemployment compensation. <br /> Under the reimbursable method, the Massachusetts Employment Security Division <br /> sends a list monthly to the community that has received the benefits. The <br /> community then reimburses the Massachusetts Employment Security Division for <br /> these claims against the town. <br /> 12. Accumulated Vacation and Sick Pay <br /> Accumulated unpaid vacation and sick pay is not accrued in the Governmental <br /> Fund of the Long-Term Debt Account Group. As of June 30, 1986, the town could not <br /> reasonably estimate the probability of payment of accrued vacation time and sick <br /> days and, therefore, could not reasonably estimate the related liability. <br /> i <br /> 13. "Memorandum Only" Total Columns <br /> Included on the combined financial statements are total columns captioned <br /> I ' <br /> "Memorandum Only" to indicate that they are presented only for informational <br /> l <br /> purposes. Adjustments to eliminate interfund transactions have not been <br /> recorded in arriving at such amounts and the memorandum totals are not intended <br /> to fairly present the financial position or results of operations of the Town of I. <br /> Mashpee, Massachusetts taken as a whole. <br /> i <br /> I <br /> 14, Governmental Reporting Entity <br /> The National Council on Governmental Accounting (NCGA) Statement 3. <br /> "Defining the Governmental Reporting Entity", issued in 1981, establishes the <br /> 29 LW <br />