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TOWN OF MASHPEE, MASSACHUSETTS <br /> NOTES TO FINANCIAL STATEMENTS <br /> JUNE 30, 1987 <br /> Temporary loans are general obligations of the town and maturity dates are <br /> governed by statue. Interest expenditures for temporary borrowings were $227,123 <br /> and are accounted for in the General Fund. <br /> Interest <br /> Rates RANS BANS GANS Totals <br /> Outstanding July 1, 1986 4.03-4.84 $4,000,000 $4,523,421 $ 8,523,421 <br /> Issued 3.35-4.80 4,300,000 1,176,089 $339,600 5,815,689 <br /> Matured 4.03-4.84 8,300,000 4,523,421 290,000 13,113,421 <br /> Balance June 30, 1987 $ -0- $1,176,089 $ 49,600 $ 1,225,689 <br /> --------- --------- ------- ---------- <br /> 8. Exhibit 2, Transfers In, Transfers Out <br /> Transfers in exceed transfers out by $2,366 on the Combined Statement of <br /> Revenues, Expenditures And Changes in Fund Balance. This amount consist of the <br /> following: <br /> Transfers in <br /> General Fund <br /> Agency Account - Reserve for Unclaimed Checks was <br /> closed to Surplus Revenue during Fiscal 1987 $2,366 <br /> 9. Restatement of Prior Year Fund Balance <br /> Fund balances at June 30, 1987 were reclassified from the amounts presented <br /> in the preceeding year financial statements as follows: <br /> 28 <br />