1992-1998-FISCAL AUDITS - Laserfiche WebLink

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Interest Date of Date of Balance at Rate Issue Maturity June 30, 1996 Mashpee High School 4.22% 5/18/95 7/05/96 $ 4,000,000 Mashpee High School 5.00% 7/07/95 7/05/96 2,540,000 Roads 4.25% 9/29/95 9/27/96 260,000 Town Hall Renovation 4.25% 10/20/95 10/18/96 108,000 Mashpee High School 3.65% 12/08/95 7/05/96 5,300,000 Mashpee High School 3.75% 4/08/96 2/07/97 10,000,000 Mashpee High School 4.00% 4/08/96 2/07/97 4,500,000 Town Hall Renovation 4.00% 4/08/96 2/07/97 500,000 Town Hall Renovation 4.25% 4/08/96 2/07/97 890,000 Roads 4.50% 4/30/96 9/27/96 190,000 Roads 4.50% 4/30/96 9/27/96 480.000 i Total $28.768.000 8. Other Liabilities This balance consists primarily of various payroll deductions. 9. Long-Term Debt A. General Obligation Bonds The Town issues general obligation bonds to provide funds for the acqui- sition and construction of major capital facilities. Payment is not limited I to a particular revenue source. However, as previously noted, the Town's ability to raise property taxes is restricted by the enactment of legislation known as "Proposition 2 1/2". General obligation bonds currently out- standing are as follows: Amount j Serial Outstanding Maturities Interest as of Inside Debt Limit: Through Rates % June 30, 1996 Briarwood Roads 9/20/00 5.8 $ 162,500 DPW Garage Construction 8/15/97 6.20 -6.25 33,000 Library Construction 12/15/97 6.7 68,000 Police/Fire Complex Construction 10/10/98 5.0 148,200 Police Station Addition 11/01/00 7.0 705,000 Middle School Roof 11/01/98 7.0 210,000 Land Acquisition 7/15/98 6.6-6.7 400,000 Land Acquisition 8/15/97 6.20-6.75 192,000 Land Acquisition 6/01/99 6.6-6.7 205,500 Land Acquisition 11/01/00 7.0 50,000 (continued) 16