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i <br /> TOWN OF MASHPEE, MASSACHUSETTS <br /> NOTES TO FINANCIAL STATEMENTS <br /> JUNE 30, 1987 <br /> B. Overlapping Debt <br /> The town pays assessments under formulas which include debt service pay- <br /> ments to other governmental agencies providing services to the town, (commonly <br /> referred to as overlapping debt). The following summary sets forth the long-term <br /> debt of such governmental agencies and the estimated share being financed by the <br /> town as of June 30, 1987. <br /> Total Long- Town's Town's <br /> Term Debt Estimated Indirect <br /> Agency Outstanding Share Debt <br /> Barnstable County $ 135,000 4.40% $ 5,940 <br /> Cape Cod Vacational Tech- <br /> nical School District 3,000,000 7.40% 222,000 <br /> Cape Cod Regional Transit <br /> Authority 1,025,000 3.20% 32,800 <br /> Total $4,160,000 $260,740 <br /> C. Outstanding Debt <br /> At June 30, 1987, the following long-term obligations were outstanding: <br /> Purpose of Interest Amounts of Balance <br /> Issue Rates Issue Retirements June 30, 1987 <br /> School Project Loan <br /> Bonds 6.00% $4,200,000 $2,400,000 $1,800,000 <br /> Police and Fire <br /> Station Bonds 5.00% 11088,600 462,468 626,132 <br /> Ambulance Purchase <br /> Bonds 5.90% 55,696 55,696 <br /> Dredging Bonds 5.75% 26,100 26,100 <br /> D.P.W. Garage Bonds 6.20%-6.25% 330,000 330,000 <br /> Land Aquisition <br /> Bonds 6.20%-6.25% 2,050,000 2,050,000 <br /> Total $7,750,396 $2,862,468 $4,887,928 <br /> --------- --------- --------- <br /> 25 <br />