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1 <br /> Nonexpendable trust funds are accounted for using the accrual basis of <br /> accounting. Their revenues are recognized when they are earned, and <br /> their expenses are recognized when they are incurred. <br /> 'F <br /> C. Budgetary Basis <br /> The General Fund appropriation appearing on page 5 of the financial <br /> statements has been calculated as follows: <br /> 1993 Annual Town meeting $ 18,533,103 <br /> 1993 supplemental appropriations 100,000 <br /> Total Appropriation $ 18,633.103 <br /> The actual revenues and expenditures reported on page 5 have been <br /> adjusted to conform with the budgetary basis of accounting. The following <br /> is a summary of adjustments made: <br /> Excess of revenues and other <br /> financing sources over (under) <br /> expenditures and other <br /> financing uses, as reported on <br /> page 4 $ 744,480 <br /> To reclassify current appro- <br /> priation carryforwards as <br /> expenditures (531,193) <br /> To remove prior year appro- <br /> priation carryforwards from <br /> expenditures 401,315 <br /> To adjust tax revenue to <br /> accrual basis 978 <br /> To record other financing <br /> sources (free cash) 438.810 <br /> Excess of sources over uses, <br /> as reported on page 5 $ 1,054,390 <br />