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i <br /> TOWN OF MASHPEE, MASSACHUSETTS <br /> NOTES TO FINANCIAL STATEMENTS <br /> JUNE 30, 1987 <br /> 13. Vacation and Sick Pay <br /> As of June 30, 1987, the accumulated cost of vested vacation and sick leave <br /> benefits for town employees have not been determined. <br /> 14. Due From State Government <br /> The town expects to receive from the Commonwealth of Massachusetts $48,466 to <br /> finance Chapter 90 Highway Projects. <br /> 15. Due From Federal Government <br /> The town expects to receive from Executive Office .of Environmental Affairs, <br /> Land and Water Conservation Fund $25,000 to finance woodlands development. <br /> 16. Subsequent Events. <br /> On December 15, 1987 the following 10 year general obligation bonds were <br /> issued: <br /> Interest Total Interest Payments <br /> Purpose Rate Principal Due in Future Years <br /> School Construction 6.70% $3,910,000 $1,444,745 <br /> Library 6.70% 3403,000 125,630 <br /> Total $4,250,000 $1,570,375 <br /> x <br /> 31 <br />