USA > Massachusetts > Essex County > Newburyport > City Officers and the Annual Reports to the City Council of Newburyport 1914 > Part 4
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DR.
Tree warden and care of trees $212.50
Sidewalks and curbing 212.50 $ 425.00
SIMPSON FUND
CR.
From trustees of trust funds $ 900.00
DR.
Street sprinkling
$ 900.00
BALCH FUND
CR.
From trustees of trust funds, net
City parks, net
DR. $ 323.00
$ 323.00
85
CITY AUDITOR
MUNICIPAL INDEBTEDNESS
Gross city debt Dec. 20, 1913
$805,250.00
DEBTS INCURRED DURING 1914
Anticipation of taxes :
Note No. 46, dated Mar. 27, 1914, due Oct. 5, 1914 .. $25,000.00
Note No. 47, dated Mar. 27, 1914, due Oct. 5, 1914 ..
25,000.00
Note No. 48, dated Mar. 27, 1914, due Oct. 5, 1914 .. 15,000.00
Note No. 49, dated Mar. 27, 1914, due Oct. 5, 1914 .. 15,000.00
Note No. 50, dated Mar. 27, 1914, due Oct. 5, 1914 .. 15,000.00
Note No. 51, dated Mar. 27, 1914, due Oct. 5, 1914 ..
5,000.00
Note No. 52, dated Mar. 27, 1914, due Oct. 27, 1914 .
10,000.00
Note No. 53, dated Mar. 27, 1914, due Oct. 27, 1914 .
10,000.00
Note No. 54, dated Mar. 27, 1914, due Oct. 27, 1914 . 10,000.00
Note No. 55, dated Mar. 27, 1914, due Oct. 27, 1914 . 10,000.00
Note No. 56, dated Mar. 27, 1914, due Oct. 27, 1914 .
5,000.00
Note No. 57, dated Mar. 27, 1914, due Oct. 27, 1914 .
5,000.00
Note No. 58, dated Mar. 27, 1914, due Oct. 27, 1914 .
5,000.00
Note No. 59, dated Mar. 27, 1914, due Oct. 27, 1914 .
5,000.00
Note No. 60, dated Dec. 2, 1914, due Apr. 2, 1915. . .
25,000.00
Note No. 61, dated Dec. 2, 1914, due Apr. 2, 1915 ...
15,000.00
Note No. 62, dated Dec. 2, 1914, due Apr. 2, 1915 . ..
10,000.00
Water bonds dated Oct. 1, 1914, due Oct. 1, 1915-44
30,000.00
Water bonds dated Oct. 1, 1914, due Oct. 1, 1915-19 25,000.00
Sewer loan, due Apr. 2, 1915
1,655.08
$266,655.08
$1,071,905.08
DEBTS PAID DURING 1914
Notes Nos. 41-59, anticipation of taxes
$210,000.00
Note No. 3, school house loan
2,000.00
Bridge bonds
7,000.00
Overdraft bonds
2,000.00
Trust fund bonds
8,000.00
Water bonds
16,000.00
Schoolhouse bonds
2,000.00
Police station bonds
3,000.00
Pleasant street extension
2,000.00
$252,000.00
Gross city debt Dec. 19, 1914
$819,905.08
.
86
ANNUAL REPORTS
FINANCIAL STATEMENT FOR 1914
Statement of Income, Appropriations, and Balances for the Year Ending December 19, 1914.
INCOME
Revenue Accounts
Receipts
Estimated Receipts
Corporation tax
$ 12,858.85
$ 15,000.00
National bank tax
1,818.94
1,800.00
Street railway tax
1,816.49
1,500.00
Cemetery, sale of lots
142.00
100.00
Licenses and permits
1,136.40
1,000.00
Interest
16,128.75
15,000.00
Fines, forfeits, and rent
3,091.70
2,000.00
Public library
1,919.47
1,800.00
Municipal building
413.00
200.00
School department
3,783.75
3,500.00
Sealer of weights and measures
222.56
150.00
Treasurer and Collector's department
135.20
150.00
City clerk's department
63.59
Miscellaneous receipts
Net receipts
$ 43,530.70
$ 42,200.00
Taxes, 1914
$193,021.27
Taxes previous years
58,813.03
Street sprinkling
3,308.07
Preservation of trees
1,468.50
Betterments
148.49
Total net receipts.
$300,290.06
Excess of income over estimate
$ 1,330.70
REVENUE ACCOUNTS
From
Department
Transfers Appropri- to this de- ations partment
Transfers Total from this credits departm't
Expen- To balance balance ditures account account
General Government
Aldermen and Council
$ 1,600
$
1,600.00 $250.00 $
2,041.16
$ 441.16
Mayor's office
1,250
1,256.00
1,241.10 $
14.90
City auditor's department ..
1,050
1,051.00
996.91
54.09
Treas. and collector's dept.
2,600
2,628.10
2,612.40
15.70
Assessor's department
2,500
2,500.00
2,561.13
61.13
Exp. of bond and note issue
100
727.00
698.50
28.50
City clerk's department ..
1,650
1,651.25
1,596.12
55.13
City messenger's dept.
900
900.00
900.00
Law department
800
800.00
823.00
23.00
Elections and registration ..
2,300
2,300.00
1,858.06
441.94
City hall
1,500
1,505.00
1,389.59
115.41
License com'on'rs, sal., exp.
200
200.00
168.25
31.75
Protection of Life and Property
Police Department :-
Supervision
1,300
1,300.00
1,299.41
.59
Salaries
13,000
13,000.00
12,353.75
646.25
Fuel
350
350.00
333.20
16.80
Light
300
300.00
261.60
38.40
Maintenance of buildings
800
800.00
701.35
98.65
Miscellaneous expenses
.
500
500.00
477.90
22.10
87
CITY AUDITOR FINANCIAL STATEMENT-Continued REVENUE ACCOUNTS-Continued
From
Department
Transfers Appropri- to this de- ations partment
Transfers Total from this credits departm't
Expen- To balance balance
ditures
account
account
Fire Department :-
Supervision
500
500.00
500.00
Salaries
9,500
9,615.75
9,377.16
238.59
Horses and care of same
6,000
6,127.35
5,825.39
301.96
Fuel
650
650.00
585.55
64.45
Light
350
350.00
280.97
69.03
Hydrant and serv. water
3,550
3,550.00
3,515.93
34.07
Equipment and repairs
900
1,066.22
952.52
113.70
New Hose
350
350.00
350.00
Repairs on buildings
500 $ 75.00
575.00
627.54
52.54
Hose 7 house
300
343.25
316.20
27.05
Miscellaneous expensse
200
200.00
187.39
12.61
Fire Alarm and Wires
Supervision
300
300.00
300.00
Miscellaneous expenses
300
300.00
411.23
111.23
Inspection of plumbing
200
200.00
169.50
30.50
Sealer of weights and meas.
750
751.78
771.64
19.86
Moth extermination
2,000
3,520.05
3,571.25
51.20
Care of trees, (inc. warden)
300
766.45
788.77
22.32
Harbor master
100
100.00
100.00
Health and Sanitation
Supervision and labor
500
500.00
500.00
Vital statistics
200
200.00
152.32
47.68
Miscellaneous expenses
4,000
4,615.92
4,855.53
239.61
Inspection of school child.
300
300.00
300.00
Inspection of animals .. . .
300
300.00
300.00
Inspec. of meats and prov.
500
500.00
500.00
Inspec. of milk and vingar
800
800.00
759.03
40.97
Sewer maintenance
300
343.99
270.07
73.92
Ashes and rubbish
2,500
2,588.66
2,600.10
11.44
Street cleaning
3,200
3,206.37
3,246.03
39.66
Care pub. conv. stations
100
100.00
99.13
.87
Highways and Bridges
Supt. and office expenses ...
$ 1,600
$ 1,600.00
$ 1,538.12 $
61.88
*City teams, drivers' salaries
6,568.85
6,568.85
Repairing
5,000
5,441.43 $500.00
5,824.96
$ 383.53
Culverts
1,000
1,027.48
790.96
236.52
Bridges
1,100
1,100.00
949.18
150.82
Lighting
16,600
16,600.00
16,481.19
118.81
Sprinkling
2,500
6,970.03
6,576.54
393.49
Sidewalks and curbing
1,500
2,149.41
2,033.53
115.18
Snow removal
1,000 $500.00
1,740.90
1,803.34
62.44
Miscellaneous
375
375.00
254.23
120.77
Charities
Poor department
12,000
14,315.42
15,597.00
1,281.58
Anna Jaques hospital
600
600.00
600.00
Homeopathic hospital
300
300.00
300.00
Soldiers' Benefits
Military aid
300
380.00
116.00
Soldiers'
relief
7,000
7,214.00
6,550.34
264.00 663.66
Education
** Salaries
50,000
50,000.00
50,152.05
152.05
Miscellaneous
3,500
3,576.41
3,574.95
1.46
Fuel
3,500
3,500.00
3,442.33
57.67
Light
350
353.56
311.34
42.22
School buildings
1,000
175.00
1,201.60
1,380.37
178.77
Public Library
Salaries and wages
4,285
4,285.00
4,295.44
10.44
Miscellaneous payments
300
316.67
211.83
104.84
Fuel
350
350.00
276.22
73.78
Light
300
300.00
233.87
66.13
Recreation
City parks
300
623.00
627.03
4.03
Atkinson common
500
500.00
493.05
6.95
Memorial day
300
300.00
300.00
Firemen's Memorial Sunday
75
75.00
75.00
Playgrounds
650
654.80
588.60
66.20
Unclassified
City clocks
75
75.00
75.00
Other city property
500
1,435.00
100.00
1,273.85
161.15
Water for public buildings
1,500
1,500.00
1,500.00
..
88
ANNUAL REPORTS
FINANCIAL STATEMENT-Continued REVENUE ACCOUNTS-Continued
From
Department
Transfers Appropri- to this de- ations partment
Total credits
Transfers from this departm't
Expen- To balance balance ditures account account
Cemeteries
Supervision and labor
250
250.00
Miscellaneous
50
100.00
250.00 150.00 34,000.00
140.34 32,591.24
1,408.76
Indebtedness
Bridge bonds
7,000
7,000.00
7,000.00
Overdraft bonds
2,000
2,000.00
2,000.00
Refunding bonds, issue 1908
4,000
4,000.00
4,000.00
Sinking funds
6,000
6,000.00
6,000.00
School house bonds.
2,000
2,000.00
2,000.00
Police sta. bonds, issue 1911
2,000
2,000.00
2,000.00
Police sta. bonds, issue 1912
1,000
1,000.00
1,000.00
Refunding bonds, issue 1911
4,000
4,000.00
4,000.00
Pleasant St. extension bonds
2,000
2,000.00
2,000.00
house repairs)
2,000
2,000.00
2,000.00
Total of appropriated account $256,810 $850.00 $277,917.70 $850.00 $274,303.43 $6,760.26 $3,145.99
Abatement of taxes
3,731.20
Excess of income over estimate
1,330.70
Undrawn balance to Sinking Fund
1,213.77
$8,090.96 $8,090.96
NON-REVENUE ACCOUNTS
Department
Transfers to Total Transfers Expendi- Balance. department. Credits. from dept. tures. Undrawn.
Over- drawn.
New police station
$ 548.38
$ 548.38
$ 168.50 $ 379.88
¡State aid
8,353.00
$8,353.00
¿Soldiers' burial
550.00
550.00
Embezzl't and surety acc'ts Uncalled for claims
1,207.78
3,207.78
55.47
3,152.31
New sewer construction
1,655.08
1,655.08
Totals
$1,814.72 $5,473.09
$10,782.05 $3,594.04 $8,903.00 ¿To have credit from state.
RECAPITULATION OF EXPENDITURES
General government
$ 16,886.22
Protection of life and property
44,058.25
Health and sanitation
13,582.21
Highways and bridges
42,820.90
Charities
16,497.00
Soldiers' benefits
6,666.34
Education
58,861.04
Library and reading room
5,017.36
Recreation
2,083.68
Unclassified
2,848.85
Cemeteries
390.34
Interest
32,591.24
Indebtedness
32,000.00
Payments from revenue
$274,303.43
Payments from non-revenue
10,782.05
$285,085.48
9.66
Interest
34,000
Temporary loan, (School-
58.56
61.85
61.85
89
CITY AUDITOR
STATEMENT OF APPROPRIATIONS FOR 1915
Average valuation for 3 years less abatements
$12,719,313.00
The amount that may be assessed on $12 limit
152,631.75
Appropriation for water (Outside the limit)
5,000.00
Estimated income $42,250. Less for indebtedness $13,000
29,250.00
Amount available for city departments
$ 186,881.75
Appropriation on account of indebtedness
66,855.08
Total amount that can be appropriated
253,736.83
APPROPRIATION FOR 1915
General Government
Aldermen and council
$ 1,500.00
Mayor's office
1,250.00
Auditor's dept.
1,050.00
Treasurer's and collector's dept.
2,600.00
Assessor's dept.
2,500.00
Expense of bond and note issue
100.00
City clerk's dept.
1,650.00
City messenger's dept.
900.00
Law dept.
700.00
Elections and registration
2,200.00
City hall
1,400.00
$ 15,850.00
Police Department
Supervision
$ 1,300.00
Salaries
12,650.00
Fuel
350.00
Light
300.00
Maintenance of buildings
750.00
Miscellaneous expenses
500.00
$ 15,850.00
Fire Department
Supervision
$ 500.00
Salaries
9,400.00
Horses and care of same
6,000.00
Fuel
650.00
Light
350.00
Hydrant and service water
3,550.00
Equipment and repairs
800.00
Repairs on buildings
500.00
Miscellaneous expenses
200.00
Hose 7 fire house
475.00
$ 22,425.00
90
ANNUAL REPORTS STATEMENT OF APPROPRIATIONS FOR 1915-Continued Fire Alarm and Wires
Supervision
$ 300.00
Miscellaneous expenses
300.00
Inspection of plumbing
200.00
Sealer of weights and measures
800.00
Moth extermination
2,000.00
Care of trees, (including warden)
300.00
Harbor master
100.00
$ 4,000.00
Health and Sanitation
Supervision
$ 500.00
Vital statistics
200.00
Miscellaneous expenses
4,000.00
Inspection of school children
300.00
Inspection of animals
300.00
Inspection of meats and provisions
500.00
Inspection of milk and vinegar
750.00
Sewer maintenance
250.00
Ashes and rubbish
2,500.00
Street cleaning
3,000.00
Care public convenience stations
100.00
$ 12,400.00
Highways and Bridges
Supervision and office expenses
$ 1,600.00
Repairing
4,000.00
Culverts
800.00
Bridges
650.00
Lighting
16,600.00
Sprinkling
2,400.00
Sidewalks and curbing
1,200.00
Snow removal
1,000.00
Miscellaneous
375.00
$ 28,625.00
Charities
Poor department
$12,000.00
Anna Jaques hospital
600.00
Homeopathic hospital
300.00
Electric light and fire escapes at almshouse
675.00
$ 13,575.00
Soldiers' Benefits
Military aid
$ 100.00
Soldiers' relief
6,400.00
Care of soldiers' graves
50.00
$ 6,550.00
91
CITY AUDITOR STATEMENT OF APPROPRIATIONS FOR 1915-Continued Education
Salaries
$50,000.00
Miscellaneous
3,500.00
Fuel
3,500.00
1
Light
350.00
School buildings
1,000.00
Public Library
Salaries and wages
$ 4,300.00
Miscellaneous payments
300.00
Fuel
325.00
Light
275.00
$ 5,200.00
Recreation
City parks
$ 300.00
Atkinson common
500.00
Memorial Day
300.00
Firemen's Memorial Sunday
75.00
Playgrounds
500.00
$ 1,675.00
Unclassified
City clocks
$ 75.00
Other city property
500.00
Water for public buildings
1,500.00
$ 2,075.00
Cemeteries
Supervision
$ 250 00
Miscellaneous
50.00
$ ,300.00
Interest
$ 35,500.00
Indebtedness
Bridge bonds
$ 7,000.00
Overdraft bonds
2,000.00
Refunding bonds, issue 1908
4,000.00
Sinking funds
5,700.00
School house bonds
2,000.00
Police station bonds, issue 1911
2,000.00
Police station bonds, issue 1912
1,000.00
Refunding bonds, issue 1911
4,000.00
Pleasant St. extension bonds
2,000.00
Temporary loan, sewer construction
1,655.08
$ 31,355.08
Total
$253,730.08
$ 58,350.00
92
ANNUAL REPORTS
CITY DEBTS AND ASSETS
Dec. 19, 1914.
Bonds and Notes Rate
Due
Sewer const., dis't at 4 per cent., issue 1914 April 2, 1915 $ 1,655.08
Sewer
4 per cent., issue 1889 Sep., Oct.,Nov. 1, 1919
107,500.00
High school 31/2 per cent., issue 1902 July 1, 1922 35,000.00
High school 31/2 per cent., issue 1903 Dec. 1, 1923 50,000.00
Refunding 4 per cent., issue 1909 Nov. 1, 1924
62,000.00
Sewer 31/2 per cent., issue 1901 Sept. 1, 1931
46,000.00
Water
31/2 per cent., issue 1904 June 1, 1915-34
223,000.00
Water
4 per cent., issue 1908 July 1, 1915-38
60,000.00
Water
4 per cent., issue 1911 Dec. 1, 1915-21
14,000.00
Water
41/2 per cent., issue 1914 Oct. 1, 1915-19
25,000.00
Water 41/2 per cent., issue 1914 Oct. 1, 1915-44
30,000.00
Bridge 31/2 per cent., issue 1900 Sept. 1, 1915
7,000.00
Ref'd'g trust fds. 334 per cent., issue 1908 Sept. 1, 1915-18
16,000.00
Ref'd'g trust fds. 334 per cent., issue 1911 Mar. 1, 1915-21
27,750.00
Overdraft bonds 4
per cent., issue 1907 June 1, 1915-17
6,000.00
Police bldg. loan 4 per cent., issue 1911 May 1, 1915-26
24,000.00
Police bldg. loan 4 per cent., issue 1912 Feb. 15, 1915-17 3,000.00
School house 4 per cent., issue 1910 Nov. 1, 1915-25
22,000.00
Pleasant St. Ext. 4
per cent., issue 1912 Dec. 2, 1915-19
10,000.00
Bonded debt of city Dec. 19, 1914 $769,905.08
LOANS IN ANTICIPATION OF TAXES
Tax note No. 60, 61, 62, due April 2, 1915
50,000.00
Gross debt of city Dec. 19, 1914
$819,905.08
ASSETS
Taxes of 1908 uncollected
$ 4,240.00
Taxes of 1909 uncollected
6,768.00
Taxes of 1910 uncollected
6,580.00
Taxes of 1911 uncollected
3,921.96
Taxes of 1912 uncollected 7,697.76
Taxes of 1913 uncollected
33,033.00
Taxes of 1914 uncollected
67,719.32
$129,960.04
Sprinkling streets 1912 uncollected .. 4.80
Sprinkling streets 1913 uncollected .. 401.32
Sprinkling streets 1914 uncollected ..
911.24
$ 1,317.36
93
CITY AUDITOR CITY DEBTS AND ASSETS-Continued
ASSETS-Continued
Preservation of trees 1912 uncollected 1.84
Preservation of trees 1913 uncollected
212.66
Preservation of trees 1914 uncollected
362.76 -
$ 577.26
Betterments uncollected
$ 1,516.55
Embezzlement and surety accounts
$ 3,076.40
Cash in Merchants Nat. Bank, New- buryport
$ 8,448.80
Cash in Amer. Trust Co., Boston
11,372.56
Cash in treasurer's office
233.83
$ 20,055.19
State of Mass., state aid
$ 7,695.00
State of Mass., military aid
32.00
State of Mass., soldiers' burial
550.00
$
8,277.00
Sinking funds
$183,978.65
$348,758.45
Total net debt Dec. 19, 1914
$471,146.63
Total net debt Dec. 20, 1913
464,470.01
Increase in net debt
$ 6,676.62
94
ANNUAL REPORTS
ANNUAL NET DEBT STATEMENT
The following table shows the net debt at the close of each fiscal year, beginning with the year 1899:
Year
Net debt
Increase
Decrease $ 88,720.01
1899
$289,566.47
1900
286,876.59
2,689.88
1901
317,272.13
$ 30,395.54
1902
321,725.39
4,453.26
1903
369,687.30
47,961.91
1904
646,819.16
277,131.86*
1905
671,536.83
24,717.67
1906
630,305.15
41,231.68
1907
596,120.73
34,184.42
1908
586,259.64
9,861.09
1909
589,904.27
3,644.63
1910
541,348.34
48,555.93
1911
507,916.05
33,432.29
1912
518,129.41
10,213.36
1913
464,470.01
53,659.40
1914
471,146.63
6,676.62
Water plant acquired.
BORROWING CAPACITY Dec. 19, 1914.
Year
Valuation Add'l assess. Total val. Abatements
Net val.
1912
$12,835,482
$394,433
$13,229,915
$536,818
$12,693,097
1913
12,617,958
467,438
13,085,396
327,876
12,757,520
1914
12,824,727
110,300
12,935,027
227,705
12,707,322
$33,157,939
Average net valuation for three years $12,719,313.00
Debt limit 21/2% of $12,719,313 is
$317,982.83
City debt, omitting tax loans
$769,905.08
Debts outside the limit allowed by special acts :
Sewer (acts 1889 and 1900)
$153,500.00
Water (acts 1894, 1908 and 1913)
352,000.00
Bridge (acts 1904, Chap. 359) .. . .
7,000.00
High school (acts 1902, Chap. 237) .. 70,000.00
$582,500.00
Debt within the limit
$187,405.08
Total sinking funds
$183,978.65
Less for debts outside the limit 149,888.59
Sinking fund for debts within the limit $ 34,090.06
Net debt within the limit $153,315.02
Borrowing capacity Dec. 19, 1914
$164,667.81
1
95
CITY AUDITOR
SINKING FUNDS 1
In Hands of Sinking Fund Commissioners
Total amount of funds Dec. 20, 1913 Receipts during year :
$168,667.75
From city for sale of real estate
$ 870.00
“ appropriation 1914
6,000.00
undrawn balance 1914
1,213.77
Income from investments
6,576.66
Premiums on investments
834.85
$ 15,495.28
PAYMENTS
$184,163.03
Premiums paid
$ 9.50
Accrued interest paid
174.88
$ 184.38
Total amount of funds Dec. 19, 1914 $183,978.65 The above funds are apportioned to retire the city debt as follows:
SEWERAGE LOAN $107,500, 4% due Sept. 1, Oct. 1, Nov. 1, 1919.
Total funds Dec. 20, 1913
$82,935.56
Appropriation 1914
1,000.00
Net income for 1914
3,528.21
$ 87,463.77
INVESTED
Newburyport 4% sewer bonds due Sept. 1, 1919
$29,000.00
4% 66
66 Oct. 1, 1919 ...
7,500.00
66 4% 66
Nov. 1, 1919 . ..
35,000.00
31/2 % water "
June 1, 1918
4,000.00
66 4% overdraft
June 1, 1915-17 .
6,000.00
Utica
4 1/2 %
« July 1, 1919
3,000.00
Dubuque
4% 66
April 1, 1919 . .
2,000.00
Merchants' National Bank
963.77
$ 87,463.77
HIGH SCHOOL LOAN $35,000 31/2% due July 1, 1922.
Total funds Dec. 20, 1913
$21,624.78
Appropriation for 1914 800.00
744.15
Net income for 1914 >
$ 23,168.93
96
ANNUAL REPORTS
SINKING FUNDS-Continued HIGH SCHOOL LOAN-Continued INVESTED
Newburyp't 31/2% high school bonds due July 1, 1922 $23,000.00
Five Cent Saving Bank, city 5.86
Merchants' National Bank, city
163.07
$ 23,168.93
HIGH SCHOOL LOAN $50,000 31/2% due Dec. 1, 1923
Total funds Dec. 20, 1913
$24,633.55
Appropriation for 1914
1,600.00
Net income for 1914 941.80
$ 27,175.35
INVESTED
Dubuque 4% bonds due April 1, 1919
$ 4,000.00
Newburyp't 31/2% high school bonds due July 1, 1922
3,000.00
31/2% high school bonds due Dec. 1, 1923
3,000.00
31/2 % water bonds due June 1, 1922-3-4
3,000.00
31/2 % water bonds due June 1, 1918
2,000.00
31/2% water bonds due June 1, 1928
..
1,000.00
Fitchburg R. R. 31/2% due Oct. 1, 1921
10,000.00
Boston & Maine R. R. 31/2% due Jan. 1, 1923
1,000.00
Merchants' National Bank
175.35
$ 27,175.35
REFUNDING LOAN $62,000 4% due Nov. 1, 1924.
Total funds Dec. 20, 1913
$19,454.25
Appropriation for 1914
1,800.00
From city for sale of real estate
870.00
Net income for 1914
823.11
From city undrawn balance of 1914
1,213.77
$ 24,161.13
INVESTED
Newburyport, 31/2% sewer due Sept. 1, 1931
$ 5,000.00
Dubuque 4% bonds due April 1, 1919
3,000.00
Boston & Maine R. R. 31/2% bonds due Jan. 1, 1923
3,000.00
Boston & Maine R. R. 4% bonds due Sept. 1, 1926
5,000.00
Newburyport 31/2% water bonds due June 1, 1918
5,000.00
Five Cent Savings Bank, city
1,359.86
Merchants' Nat. Bank, city
1,301.27
..
$ 24,161.13
97
CITY AUDITOR
SINKING FUNDS-Continued SEWERAGE LOAN $46,000 31/2% due Sept. 1, 1931.
Total funds Dec. 20, 1913 $20,019.61
Appropriation for 1914
800.00
Net income for 1914
1,189.86
$ 22,009.47
INVESTED
Newburyport 31/2% sewer bonds due Sept. 1, 1931 21,000.00
Five Cent Savings Bank, city 1,009.47
$ 22,009.47
SUMMARY
City of Newburyport, 4% overdraft, due June 1, 1915-17 $ 6,000.00
City of Newburyport, 31/2% water, due June 1, 1918 11,000.00
City of Newburyport, 4% sewers, due Sept. 1, 1919 29,000.00
City of Newburyport, 4% sewers, due Oct. 1, 1919 7,500.00 City of Newburyport, 4% sewers, due Nov. 1, 1919 35,000.00
City of Dubuque, 4% sewers, due April 1, 1919
9,000.00
City of Utica, 41/2%, due July 1, 1919 3,000.00
Fitchburg R. R., 31/2%, due Oct. 1, 1921
10,000.00
City of Newburyport, 31/2% high school, due July 1, 1922
26,000.00
City of Newburyport, 31/2% water, due June 1, 1922-1923-1925 Boston & Maine R. R., 31/2%, due Jan. 1, 1923
4,000.00
City of Newburyport, 31/2 % high school, due Dec. 1, 1923
3,000.00
Boston & Maine R. R., 4%, due Sept. 1, 1926
5,000.00
City of Newburyport, 31/2% water, due June 1, 1928
1,000.00
City of Newburyport, 31/2% sewer, due Sept. 1, 1931
26,000.00
Five Cent Savings Bank, Newburyport 2,875.19
Merchants' National Bank, Newburyport . 2,603.46
$183,978.65
BONDS DEPOSITED WITH COMMISSIONERS
J. L. McLean, city marshal, $1000 Massachusetts Bonding & Insurance Co., expires Jan. 7, 1915.
H. W. Little, city clerk, $3000 Massachusetts Bonding & Insurance Co., expires Jan. 6, 1915.
H. F. Whiton, treasurer and collector, $30,000 London & Lancashire, G. & A. Co., expires July 19, 1915.
H. S. Noyes, secretary and treasurer water works, $5000 Fidelity & Deposit Co. of Maryland, expires July 10, 1915.
3,000.00
98
ANNUAL REPORTS
TRUST FUNDS
In Hands of Sinking Fund Commissioners and Special Trustees.
THE LAW. Chapter 322.
An act to provide for the auditing of certain trust funds and accounts. Be it enacted, etc., as follows :
Section 1. It shall be the duty of city and town auditors at least once every year, and so much oftener as they deem it necessary, to aduit the accounts of the trustees of any property, the principal or income of which, in whole or in part, was bequeathed or given in trust for the benefit of the city or town or any part thereof, or for the benefit of the inhabitants of the city or town or any part thereof, and to examine and estimate the funds, securities, and evidences of property held by such trustees. City and town auditors shall include in their annual reports a report of such auditing and investigation; and if they discover any fraud or irregularity they shall immediately report the same to the mayor and treasurer of the city or to the selectmen and treasurer of the town.
Section 2. It shall be the duty of the trustees designated in section one hereof to give city and town auditors free access to their accounts, funds, securities and evidences of property; and any such trustee who refuses to exhibit his trust account, funds, securities and evidences aforesaid shall be subject to a fine of not less than fifty nor more than two hundred dollars.
Section 3. This act shall be construed as applying to property held in trust for public uses. (Approved May 9, 1904.)
Trust funds in which the City of Newburyport and its inhabitants are interested may be divided into two classes, viz: funds bequeathed or given direct to the city, and funds given to special trustees, the income of which is used for the benefit of any of its inhabitants.
The first class is invested by the Sinking Fund Commissioners as trustees under ordinance, and the income turned over to the city.
The second class is invested by special trustees appointed by the donor, and such boards fill their own vacancies. It would seem that the city had assumed no responsibility for such funds, and it may be a question if they come under the preceding law, but such trustees have been requested to allow examination of said funds and accounts.
Trust funds held by Sinking Fund Commissioners have been verified and the income traced to its proper accounts.
The Atkinson fund and Atwood fund, both held by special trustees, have been audited and securities found to agree with the treasurer's report.
Putnam fund books have been audited and securities examined and found to agree with the treasurer's annual report.
Peabody and Public Library Funds. While the books have not been inspected, income has been verified, vouchers checked up and principal accounted for.
The Wheelwright Fund. The accounts of the treasurer for the year
99
CITY AUDITOR
ending Oct. 31, 1914, have been audited and found correct; also the securities have been counted and found to agree with the treasurer's accounts.
The following is a statement of the condition of said funds:
TRUST FUNDS
In the Hands of Sinking Fund Commissioners.
NEWBURYPORT, MASS., Dec. 19, 1914.
Total amount of funds Dec. 20, 1913
$151,549.92
Interest added to fire insurance fund 502.70
Total funds Dec. 19, 1914
$152,052.62
Income Account
RECEIPTS
Balance in hands of trustees, Dec. 20, 1913 $ 684.59
Income from funds 6,224.22 $ 6,908.81
PAYMENTS
Purposes donated
$ 6,182.46
Balance of income on hand $ 726.35
Income on hand belongs to the following funds:
Balch Fund $310.55
P. A. Merrill Fund
20.00
M. H. Simpson Fund
390.80
R. M. Toppan Fund 5.00 $ 726.35
100
SCHEDULE OF INVESTMENTS AND PURPOSES FOR WHICH INCOME IS USED
Name of Fund Balch
Investment
Date Due
Amount
Income
Purposes
Inst. for Savings, city,
Demand
$ 5,000.00
$200.00
Bartlett Mall
Five Cents Savings Bank, city,
Demand
5,000.00
$200.00
Bartlett Mall
Merchants' Nat. Bank,
Demand
8.55
Bartlett Mall
Inst. for Savings, city,
Demand
1,000.00
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