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i <br /> TOWN OF MASHPEE, MASSACHUSETTS <br /> NOTES TO FINANCIAL STATEMENTS <br /> JUNE 30, 1987 <br /> equal the sum of (a) the aggregate of all annual appropriations for expenditures, <br /> plus (b) the provision for prior year deficits, if any, less (c) the aggregate of <br /> all non-property tax revenues estimated to be received, and authorized available <br /> funds. Supplemental appropriations may be made from available funds after the <br /> setting of the tax rate. Appropriations may be transferred between departments <br /> with town meeting approval. <br /> D. Assets, Liabilities and Fund Equity <br /> * Cash. Cash balances from all funds, except those required <br /> to be segregated by law, are combined to form a pool of cash. Cash <br /> balances are invested to the extent available and interest income <br /> is recognized in the General Fund. Certain special revenue funds, <br /> proprietary funds and fiduciary funds cash are segregated and <br /> investment income becomes a part of those funds. <br /> * Accounts Receivable. Accounts receivable are recorded <br /> when billed. Allowances for bad debts, abatements and <br /> exemptions are estimated based on historical trends. <br /> * Interfund Receivables and Payables. Due from/Due to <br /> Other Funds arise during the course of operations from the <br /> pooling of cash and as funds provide services to each other. <br /> * Due From Other Governments. Due from other govern- <br /> ments include amounts due from grantor agencies for specific <br /> programs and capital projects. Revenues and the related <br /> receivables are recorded when the reimbursable costs are <br /> incurred. <br /> 17 <br />