Laserfiche WebLink
TOWN OF MASHPEE, MASSACHUSETTS <br /> NOTES TO FINANCIAL STATEMENTS <br /> JUNE 30, 1987 <br /> F. Loans Authorized and Unissued <br /> Loans authorized and unissued consist of the following at June 30, 1987: <br /> Amounts Authorized <br /> and Unissued <br /> Reconstruction of Boat Ramps $ 24,600 <br /> Briarwood - Water engineering 86,912 <br /> Dredge, Popponesset Bay 25,000 <br /> Land Aquisition 60,000 <br /> Library Construction 380,000 <br /> Mashpee Riverland West - Land aquisition 290,000 <br /> School Engineering 245,284 <br /> Tri-Town Circle Water Conservation 230,165 <br /> Water Engineering 31,650 <br /> Total $1,373,611 <br /> Subsequent to June 30, 1987, during the annual town meeting held on <br /> May 4, 1987, the following loans were authorized and unissued: <br /> Elementary School Construction $7,600,000 <br /> Revaluation 239,000 <br /> Total $7,839,000 <br /> 7. Temporary Borrowings <br /> Under state law and with the appropriate local authorization, the town is <br /> authorized to borrow funds on a temporary basis as follows: <br /> To fund current operations prior to the collection of <br /> revenues, by issuing revenue anticipation notes (RANS). <br /> To fund grants prior to reimbursements, by issuing grant <br /> anticipation notes (GANS). <br /> To fund Capital Projects costs incurred prior to selling <br /> permanent debt by issuing bond anticipation notes (BANS). <br /> 3` <br /> '; 27 <br />