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TOWN OF MASHPEE, MASSACHUSETTS <br /> NOTES TO FINANCIAL STATEMENTS <br /> JUNE 30, 1987 <br /> Reserve for extraordinary or unforeseen expenditures $240,000 <br /> Stabilization fund 197,957 <br /> Cranberry bog receipts 27,744 <br /> Ambulance receipts 17,195 <br /> Waterways improvment 11775 <br /> Dog fund 1,015 <br /> Total $485,686 <br /> The free cash designated for specific purposes was approved by the local <br /> appropriatory body (called the town meeting in Massachusetts towns) <br /> during the Spring 1987 annual town meeting. <br /> * Undesignated Fund Balance. In order to prepare the accompanying <br /> financial statements in accordance with generallyaccepted accounting <br /> principles, certain budgetary surpluses and deficits, which would other- <br /> wise be reflected on the balance sheet under the Massachusetts Statutory <br /> System, have been included in undesignated fund balances as follows: <br /> General Special Capital Trust <br /> Fund Revenue Projects Fund <br /> Surplus revenue $1,186,879 $191,709 $199,155 $337,697 <br /> State and county under/over <br /> estimates, net 3,174 <br /> Deficit appropriation - <br /> snow and ice removal ( 97,017) <br /> Total $1,093,036 $191,709 $199,155 $337,697 <br /> --------- ------- ------- ------- <br /> The deficit appropriation of snow and ice removal was made in accordance with <br /> Chapter 44, Section 31D of Massachusetts General Laws. <br /> * Total Columns on Combined Statements. Total columns on <br /> the combined statements are captioned "Memorandum Only" to <br /> indicate that they are presented only for informational purposes. <br /> Adjustments to eliminate interfund transactions have not been <br /> 19 <br />