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<br /> TOWN OF MASHPEE, MASSACHUSETTS
<br /> NOTES TO FINANCIAL STATEMENTS
<br /> JUNE 30, 1987
<br /> D. Long-Term Debt
<br /> Summary of the changes in general long-term debt during the year is as
<br /> follows:
<br /> Interest Balance Outstanding
<br /> Bonds Rates 7/1/86 Additions Reductions 6/30/87
<br /> School Project Loan 6.00% $2,0009000 $200,000 $1,800,000
<br /> . Police and Fire Stations 5.00% 692,198 66,066 626,132
<br /> Ambulance Purchase 5.90% $ 55,696 55,696
<br /> Dredging 5.75% 26,100 26,100
<br /> D.P.W. Garage 6.20%-6.25% 330,000 330,000
<br /> Land Aquisition 6.20%=6.25% 2,050,000 2,050,000
<br /> Total $2,692,198 $2,461,796 $266,066
<br /> $4,887,928
<br /> E. Annual Debt Service
<br /> Annual requirements to amortize all outstanding bonds, including interest
<br /> and at June 30, 1987 are as follows:
<br /> Fiscal Year Principal Interest Total
<br /> 1988 $ 543,690 $ 282,647 $ 826,337
<br /> 1989 538,690 250,389 789,079
<br /> 1990 522,024 218,671 740,695
<br /> 1991 513,324 187,380 7001,704
<br /> 1992 499,400 156,588 655,988
<br /> 1993-1999 2,270,800 356,296 2,627,096
<br /> Total $4,887,928 $1,451,971 $6,339,899
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