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TOWN OF MASHPEE, MASSACHUSETTS <br /> NOTES TO FINANCIAL STATEMENTS <br /> JUNE 30, 1990 <br /> NOTE 3. - DUE FROM STATE GOVERNMENT <br /> The Town expects to receive from the Commonwealth of Massachusetts the <br /> fallowing: <br /> General Fund Special Revenue <br /> Additional State Aide $330, 178 <br /> Highway Grant $48,2135 h,1 <br /> X48,2$5 <br /> $330, 178 Y'Ss <br /> NOTE 4. - SUMMARY OF DEBT <br /> A. Legal Debt Limit <br /> Chapter, 44, Section 10, of the Massachusetts General Laws permits the <br /> issuance of bands up to 5% of the equalized valuation, plus an addi- <br /> tional amount which would bring the total up to, but less than 107E <br /> with the approval of the Emergency Finance Board. The fallowing is a <br /> computation of the legal debt margin, as of June 30, 1950. <br /> Equalized valuation - personal property <br /> and real estate, January 1, 1990 $1, 734, 8135,000 <br /> -------------- <br /> Debt limit - 5% of equalized valuation 86, 744,E- 50 <br /> .Total debt (including authorized and <br /> unissued of 02a�,Sai�.J *20,042, 341 <br /> Less debt outside debt limit 10, 622.500 9,419, 841 <br /> Legal debt margin, $ 77,.324, 409 <br /> -------------- <br /> -------------- <br /> B. Overlappira Debt <br /> The Town pays assessments under formulas which include debt service <br /> paysnents to other governmental agencies providing services to the <br /> Town, {commonly referred to as overlapping debt). The following sum- <br /> taary sets forth the long-term debt of such governmental agencies and <br /> the estimated share being financed by the Town as of June 30, 1990. <br /> Total Long- Town's Town' s <br /> Term Debt Estimated Indirect <br /> A enc Out st and i nri Share Debt <br /> �r <br /> Cape Cod Reg. Voc. Tech. ;. <br /> High School District $1,500,000 10.067E $150, 900 <br /> Cape Cod Reg. Trans. Authority $900, 000 3. 13% $28, 170 <br /> 18 <br />