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e <br /> t Date Authorized Purpose Amount <br /> 10/01/90 Santuit Roads $ 406,600 <br /> 05/07/89 Santuit Roads 42,500 <br /> 10/01/90 Santuit Roads 125,000 <br /> 05/06/91 Septic Treatment - Engineer 100,000 <br /> 05/06/91 Road Taking and Improvements 800,000 <br /> 05/06/91 Contamination Engineer 129,000 <br /> 05/07/89 Town Hall Architect 100,000 <br /> A 05/07/89 Elementary School Architect 15,000 <br /> 11/13/89 Johns Pond Road 11,000 <br /> 03/16/92 Mashpee Middle School Addition 192,000 <br /> Total $ 1,921.100 <br /> 6. Financial Reporting Entity <br /> The Town of Mashpee, for financial reporting purposes, includes all the funds <br /> and account groups relevant to the operations of the Town. The financial <br /> statements presented herein do not include agencies which have been <br /> formed under applicable state laws as separate and distinct units of <br /> government apart from the Town of Mashpee. <br /> 7. Retirement Systems <br /> Substantially, all employees of the Town, (except teachers and <br /> administrators under contract employed by the school department), are <br /> members of the Barnstable County Retirement System. The retirement <br /> system is partially funded by employee contributions. <br /> The Town accepted Section 22D of Chapter 32 of the Massachusetts <br /> General Laws in 1991. This acceptance changes the funding of the <br /> Barnstable County Retirement System from "pay-as-you-go" to an actuarially <br /> determined funding schedule. The funding schedule was approved by PERA <br /> and was in effect at the beginning of the Town's fiscal year 1992. The <br /> amount of the unfunded liability has not been determined and is therefore not <br /> reported in the accompanying financial statements. <br /> I <br /> - 16 - <br />