USA > Massachusetts > Essex County > Newburyport > City Officers and the Annual Reports to the City Council of Newburyport 1915 > Part 4
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$ 6,683 11
Pumping station, Artichoke
3,196 79
General maintenance
3,643 85
Hydrant maintenance
262 99
Gate maintenance
11 30
Reservoir maintenance
30 98
Meter maintenance
85 20
Frog Pond system
7 50
Service pipe maintenance
722 96
Main pipe maintenance
632 59
Filter beds maintenance
159 40
Common Pasture maintenance
812 34
Artichoke River maintenance
4,361 68
Total maintenance
$20,610 69
Net earnings $40,211 67
PAYMENTS FOR DEBT
Bonds retired
$23,000 00
Interest on bonds 13,030 00
$36,030 00
Net income
$ 4,181 67
Balance
$16,572 08
81
CITY AUDITOR
PUBLIC SERVICE ENTERPRISES-Continued WATER WORKS-Continued CONSTRUCTION ACCOUNT
Balance, Dec. 19, 1914 $18,674 65
RECEIPTS
Service pipe construction
$ 333 89
Extension of mains
269 13
New supply
633 25
Total construction receipts $ 1,236 27
$19,910 92
PAYMENTS
New supply (land damages $13,164.06) $33,951 26
Extension of mains
195 16
Service pipe construction
669 76
Service pipe construction, Newbury
51 85
Extension of mains, Newbury
75 26
Total paid for new construction $34,943 29
Construction paid from earnings
$15,032 37
Balance Dec. 18, 1915
$ 1,539 71
82
ANNUAL REPORTS
CEMETERIES
SALARIES AND WAGES
Appropriation
$ 250 00
PAYMENTS
Salary of superintendent
. $
250 00
MISCELLANEOUS PAYMENTS
Appropriation
$ 50 00
From general treasury to balance
9 70
PAYMENTS
Rent of land for driveway $ 20 00
Use of water
15 00
Hardware
6 95
Repairing water pipe
13 35
Labor on road
4 40
$ 59 70
59 70
83
CITY AUDITOR
INTEREST
Appropriation $35,500 00
REVENUE, CREDITED TO INCOME ACCOUNT
Interest on overdue taxes and assessments $ 3,623 56
Interest from water commissioners 13,030 00
On bank deposits
2,283 53
$18,937 09
Refunds to Bondsman $ 481 77
2 71
Refunds, interest on taxes
484 48
$18,452 61
PAYMENTS
Interest on tax notes
$ 4,078 06
Interest on bonds, High School
2,975 00
Interest on bonds, Currier School
780 00
Interest on bonds, water
12,440 00
Interest on bonds, refunding J. V. F.
2,480 00
Interest on bonds, sewer
5,910 00
Interest on bonds, bridge
245 00
Interest on bonds, refunding trust notes
1,565 62
Interest on bonds, overdraft
200 00
Interest on bonds, new police station
1,020 00
Interest on bonds, Pleasant Street extension
400 00
Balance forward for coupons out
742 50
- $32,836 18
Balance to general treasury
$ 2,663 82
84
ANNUAL REPORTS
MISCELLANEOUS ACCOUNTS
BROMFIELD FUND CR.
From trustees of trust funds $ 425 00
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
$ 404 00
City parks, net
DR. $ 404 00
85
CITY AUDITOR
MUNICIPAL INDEBTEDNESS
Gross city debt, Dec. 19, 1914
$819,905 08
DEBTS INCURRED DURING 1915
Anticipation of revenue:
Note No. 63, dated Feb. 1, 1915, due Oct. 5, 1915. $25,000 00
Note No. 64, dated Feb. 1, 1915, due Oct. 5, 1915 25,000 00
Note No. 65, dated Feb. 1, 1915, due Oct. 5, 1915 15,000 00
Note No. 66, dated Feb. 1, 1915, due Oct. 5, 1915 10,000 00
Note No. 67, dated Feb. 1, 1915, due Oct. 5, 1915 10,000 00
Note No. 68, dated Feb. 1, 1915, due Oct. 5, 1915 5,000 00
Note No. 69, dated Feb. 1, 1915, due Oct. 5, 1915 5,000 00
Note No. 70, dated Feb. 1, 1915, due Oct. 5, 1915. 5,000 00
Note No. 71, dated Feb. 1, 1915, due Oct. 25, 1915. 15,000 00
Note No. 72, dated Feb. 1, 1915, due Oct. 25, 1915 15,000 00
Note No. 73, dated Feb. 1, 1915, due Oct. 25, 1915 10,000 00
Note No. 74, dated Feb. 1, 1915, due Oct. 25, 1915 10,000 00
Note No. 75, dated Feb. 1, 1915, due Oct. 25, 1915. 5,000 00
Note No. 76, dated Feb. 1, 1915, due Oct. 25, 1915. 5,000 00
Note No. 77, dated Nov. 2, 1915, due April 3, 1916 25,000 00
Note No. 78, dated Nov. 2, 1915, due April 3, 1916. 15,000 00
Note No. 79, dated Nov. 2, 1915, due April 3, 1916. 15,000 00
Note No. 80, dated Nov. 2, 1915, due April 3, 1916 10,000 00
Note No. 81, dated Nov. 2, 1915, due April 3, 1916 10,000 00
$235,000 00
$1,054,905 08
DEBTS PAID DURING YEAR
Notes Nos. 60-76, anticipation of revenue
$210,000 00
Bridge Bonds
7,000 00
Overdraft Bonds
2,000 00
Trust Fund Bonds
8,000 00
Water Bonds
23,000 00
Schoolhouse Bonds
2,000 00
Police Station Bonds
3,000 00
Pleasant Street extension
2,000 00
Sewer loan
1,655 08
$258,655 08
Gross city debt Dec. 18, 1915
$796,250 00
86
ANNUAL REPORTS
FINANCIAL STATEMENT FOR 1915.
Statement of Income, Appropriations, and Balances for the Year Ending December 18, 1915.
INCOME
Revenue Accounts.
Receipts.
Estimated Receipts.
Corporation Tax
$12,652 97
$ 12,500 00
National Bank tax
1,542 27
1,800 00
Street Railway Tax
1,756 57
1,800 00
Cemetery, sale of lots
169 00
100 00
Licenses and Permits
1,102 50
1,000 00
Interest
18,452 61
17,000 00
Fines, Forfeits and Rent
3,006 60
2,000 00
Public Library
2,032 53
1,800 00
Municipal Building
177 00
300 00
Sehool Department
5,476 43
3,600 00
Sealer of weights and measures
185 57
200 00
Treasurer and Collector's department
115 20
150 00
City Clerk's department
84 50
Miscellaneous Receipts
2 20
Net Receipts
$ 46,755 95 $ 42,250 00
Taxes, 1915
$205,050 48
Taxes previous years
64,970 23
Street Sprinkling
3,909 76
Preservation of Trees
1,109 37
Betterments
640 22
Total Net Receipts
322,436 01
Excess of income over estimate
$ 4,505 95
REVENUE ACCOUNTS
Transfers
Transfers
From
Department
Appro- to this de- Total from this priations. partment. Credits department
Expendi- To balance balance tures. account. account.
General Government
Aldermen and Council
$1,500
$ 1,506.50
$ 1,335.10
$171.40
Mayor's office .
1,250
1,251.48
1,244.43
7.05
City auditor's department.
1,050
1,050.25
978.26
71.99
Treasurer and collector's dept.
2,600
2.604.02
2,616.31
$12.29
Assessor's department.
2,500
2,500.00
2,551.60
51.60
Expense of bond and note issue
100
100.00
125.00
25.00
City clerk's department
1,650
1,650.38
1,621.91
28.47
City messenger's dept.
900
900.00
900.00
Law department .
700
700.00
703.45
3.45
Elections and registration.
2,200
2,200. 00
1,918.78
281.22
City Hall.
1,400
1,401.00
887.76
513.24
Protection of Life and Property
Police Department
Supervision
1,300
1,300.00
1,299.23
.77
Salaries
12,650
12,650.00
12,265.45
384.55
Fuel
350
350.00
$75.
349.12
.88
Light .
300
300.00
229.20
70.80
Maintenance of buildings
750
750.95
666.64
84.31
Miscellaneous expenses
500
500.00
378.64
121.36
87
CITY AUDITOR
FINANCIAL STATEMENT-Continued REVENUE ACCOUNTS-Continued Transfers Transfers Appro- to this de- Total priations partment Credits. department tures.
Department Fire Department
Supervision.
500
500.00
500.00
Salaries. .
9,400
9,410.00
9,305.56
104.44
Horses and care of same
6,000
6,008.00
6,653.35
645 35
Fuel.
650
$ 75.
725.00
718.15
6.85
Light.
350
350.00
250.08
99.92
Hydrant and service water
3,550
3 550 00
3 519.80
30.20
Equipment and repairs
800
839.50
693.79
145.71
New Hose. .
500
100
600.00
560.93
39.07
Hose 7 House .
475
475.00
475.00
Miscellaneous expenses Fire Alarm and Wires
200
200.20
196.14
4.06
Supervision.
300
300.00
300.00
Miscellaneous expenses
300
100
400.00
367.31
32.69
Inspection of plumbing
200
200.00
70.50
129.50
Sealer of weights and measures
800
800.00
769.94
30.06
Moth extermination . .
2,000
3,085.57
200.
2,975.25
110.32
Care of trees, 'including warden) .
300
200
780.40
814.00
33.60
Harbor master.
100
100.00
100.00
Health and Sanitation
Supervision and labor.
500
500.00
500.00
Vital statistics.
200
200.00
170.52
29.48
Miscellaneous expenses.
4,000
4,396.62
2,847.12
1,549.50
Inspection of school children
300
300.00
300.00
Inspection of animals.
300
300.00
300.00
Inspection of meats and provisions
500
500.00
500.00
Inspection of milk and vinegar . .
750
750.00
765.85
15.85
Sewer maintenance.
250
100
475.73
444.44
31.29
Ashes and rubbish
2,500
2,757.79
2,589.31
168.48
Street cleaning.
3,000
150
3,150.60
3,211.29
60.69
Care public convenence stations .
100
100.00
92.75
7.25
Highways and Bridges
Supt. and office expenses .
$1.600
$ 1,601 40
$1,570 13
$31.27
City teams, drivers' salaries
7,272.15
7.272.15
Repairing .
4,000
$200
4,312.63
$100
4,318.74
$6.11
Culverts
800
855.07
772.70
82.37
Bridges
650
651.00
464.69
186.31
Lighting
16,600
16,600.00
16,603.13
3.13
Sprinkling
2,400
7,320.13
2,650
7,348.19
28.06
Sidewalks and curbing
1,200
2,005.23
2,122.64
1'.41
Snow removal .
1,000
1,080.73
1,226.07
145.34
Miscellaneous.
375
375.00
475.30
100.30
Charities
12,000
1,500
16,319.47
17,464.21
1,144.74
Anna Jacques hospital
600
600.00
600.00
Homeopathic hospital .
300
300.00
300.00
Fire Escapes, etc., at Almshouse .
675
675.00
658.18
16.82
Soldiers' Benefits
100
100.00
100.00
Soldiers' relief .
6.400
6,720.74
6,547.18
173.56
Care of Soldier's graves
50
50.00
24.75
25.25
Education
Salaries
50,000
50,007.99
49,863.05
144.94
Miscellaneous.
3,500
350
4,002.48
5 494.20
1,491.72
Fuel
3,500
3,500.00
550
3,403.62
96.38
Light.
350
355.00
328.63
26.37
School buildings.
1,000
300
1,325.61
1,584.03
258.42
Public Library
Salaries and wages .
4,300
4,360.20
4,298.27
61.93
Miscellaneous payments .
300
356.80
296.05
60.75
Fuel
325
325.00
294.36
30.64
Light
275
275.00
218.14
56.86
Recreation
City parks.
300
704.00
538.51
165.49
Atkinson Common.
500
500.00
500.00
Memorial day .
300
300.00
300.00
Firemen's Memorial Sunday
75
75.00
75.00
Playgrounds.
500
500.00
732.87
232.87
Unclassified
City clocks. . .
7.5
75.00
75.00
Other City property .
500
560.00
172.59
387.41
Water for public buildings
1,500
1,500.00
1,500.00
from this Expendi- To balance
account
From balance account.
500
500.00
500.00
Repairs on buildings
Poor department .
Military aid .
SS
ANNUAL REPORTS
FINANCIAL STATEMENT-Continued REVENUE ACCOUNTS -- Continued
Department
Appropri-
Transfers to this de- partment
Total from this Expen- To balance balance credits departm't ditures account account
Cemeteries
Supervision and labor.
250
250.00
250.00 59.70 32,093.68
9.70
Interest.
35,500
35,500.00
3,406.32
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 .
5,700
5,700.00
5,700.00
Schoolhouse bonds.
2,000
2,000.00
2,000.00
Police Station bonds, issue 1911. .
2,000
2,000.00
2,000.00
Police Station bonds, issue 1912. .
1,000
1,000.00
1,000.00
Refunding bonds, issue 1911 . .
4,000
4,000.00
4,000.00
Peasant St. Extension bonds.
2,000
2,000.00
2,000.00
Temporary loan, (construction)
1,655.08
1,655.08
1,655.08
Total of appropriated ac- counts .
$253,730.08 $3,575 $276,684.70 $3,575. $271,287.80 $9,782.53
$4,385.63
New Police Station, balance.
244.28 3.98 4,505.95
7,840.00
Fire escapes on High & Kelley Schools
1,320.00
School Buildings for electrical contract.
38.00
Interest for coupons out.
742.50
Sinking
Funds, underdrawn balance
$14,536.74 $14,536.74-
NON-REVENUE ACCOUNTS Transfers to Total Transfers Expendi- Undrawn. Over
Department
Balance .department. Credits. From Dept. tures $8,455.00 350.00
drawn
*Soldiers' Burial .
350.00
Embezzlement and Surity Ac- counts.
$3,152.31
$3,152.31
48.30 $3,104.01
Uncalled for Claims
61.85
61.85
61.85
Totals .
$3,214.16
$3,214.16
$8,853.30 $3,165.86
$8,805.00
*To have credit from state
RECAPITULATION of EXPENDITURES
General Government
$ 14,882 60
Protection of Life and Property
43,483 08
Health and Sanitation
11,721 28
Highways and Bridges
42,173 74
Charities
19,022 39
Soldiers' Benefits
6,571 93
Education
60,673 53
Library and Reading Room
5,106 82
Recreation
2,146 38
Unclassified
1,747 59
Cemeteries
309 70
Interest
32,093 68
Indebtedness
31,355 08
Payments from revenue
$271,387 80
Payments from non-revenue 8,853 30
$280,141 10
. .
Clean up week, balance.
Excess of income over estimate . .
Abatement of taxes.
210.61
*State Aid .
$8,455.00
Miscellaneous
50
50.00
Transfers
From
ations
89
CITY AUDITOR
STATEMENT OF APPROPRIATIONS FOR 1916
Average valuation for 3 years less abatements
$12,507,449 00
The amount that may be assessel on $12 limit 150,089 38
Appropriation for water (outside the limit)
5,000 00
Estimated income $44,650. Less for indebtedness $12,100 ..
32,550 00
Amount available for city departments $ 187,639 38
Appropriation on account of indebtedness
56,500 00
Total amount that can be appropriated $ 244,139 38
APPROPRIATION FOR 1916 General Government
Aldermen and Council $ 1,400 00
Mayor's Office
1,250 00
Auditor 's Dept.
1,050 00
Treasurer and Collector's Dept.
2,600 00
Assessors Dept.
2,500 00
Expenses of Bond and Note Issue
100 00
City Clerk's Dept.
1,650 00
Indexing old records
250 00
City Messenger's Dept.
900 00
Law Dept.
700 00
Elections and Registrations
2,075 00
City Hall
1,000 00
-
- $ 15,475 00
Police Department
Supervision
$ 1,300 00
Salaries
12,500 00
Fuel
350 00
Light
300 00
Maintenance of Buildings
750 00
Miscellaneous Expenses
500 00
15,700 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 Service and Water
3,550 00
Equipment and Repairs
800 00
Repairs on Buildings
500 00
Miscellaneous Expenses
200 00
Hose 7 Fire House
500 00
22,450 00
90
ANNUAL REPORTS
STATEMENT OF APPROPRIATIONS FOR 1916-Continued Fire Alarm and Wires
Supervision $ 300 00
Miscellaneous Expenses
300 00
Inspection of Plumbing and Buildings
200 00
Sealer of Weights and Measures
800 00
Moth Extermination
1,800 00
Care of trees, including warden
500 00
Harbor Master
125 00
4,025 00
Health and Sanitation
Supervision
$ 500 00
Vital Statistics
200 00
Miscellaneous Expenses
3,000 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
300 00
Ashes and Rubbish
2,500 00
Street Cleaning
3,000 00
Care of Public Convenience Stations
100 00
11,450 00
Highways and Bridges
Supervision and Office Expenses
$ 1,600 00
Repairing
4,000 00
Culverts
800 00
Bridges
675 00
Lighting
16,600 00
Sprinkling
2,400 00
Sidewalks and Curbing
1,200 00
Snow Removal
1,000 00
Miscellaneous
375 00
28,650 00
Charities
Poor Department
$12,000 00
Mothers Aid
1,000 00
Anna Jaques Hospital
600 00
Homeopathic Hospital
300 00
13,900 00
Soldiers' Benefits
Military Aid
$ 100 00
Soldier's Relief
6,200 00
Care of Soldiers' Graves
50 00
6,350 00
91
CITY AUDITOR
STATEMENT OF APPROPRIATIONS FOR 1916-Continued
Education
Salaries
$51,400 00
Miscellaneous
3,500 00
Fuel
3,250 00
Light
350 00
School Buildings
1,000 00
59,500 00
Public Library
Salaries and Wages
$ 4,300 00
Miscellaneous Payments
350 00
Fuel
325 00
Light
275 00
5,250 00
Recreation
City Parks
$ 300 00
Atkinson Common
500 00
Memorial Day
300 00
Fireman's Memorial Sunday
75 00
Playgrounds
500 00
Unclassified
Lockers for Naval Battalion
$ 500 00
Investigation and propagation of clams
300 00
City Clocks
75 00
Other City Property
300 00
Water for Public Buildings
1,500 00
Renumbering Dwellings in City
225 00
Cemeteries
Supervision
$ 250 00
Miscellaneous
50 00
300 00
Interest
Interest
Indebtedness
Overdraft Bonds
$ 2,000 00
Refunding Bonds, issue 1908
4,000 00
Sinking Funds
5,500 00
Schoolhouse 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 Street Extension Bonds
2,000 00
1,675 00
2,900 00
34,000 00
22,500 00
$244,125 00
92
ANNUAL REPORTS
CITY DEBTS AND ASSETS
Dec. 18, 1915.
Bonds and Notes Rate Issued
Due
Amount
Sewer
4 per cent., 1889 Sept., Oct., Nov. 1, 1919
$107,500 00
High School
31% per cent., 1902 July 1, 1922 35,000 00
High School
31% per cent., 1903 Dec. 1, 1923 50,000 00
62,000 00
Sewer 31% per cent., 1901 Sept. 1, 1931
46,000 00
Water
31/2 per cent., 1904 June 1, 1916-34
211,000 00
Water
4 per cent., 1908 July 1, 1916-38 57,000 00
Water
4
per cent., 1911 Dec. 1, 1916-21
12,000 00
Water
11/2 per cent., 1914 Oct. 1, 1916-19
20,000 00
Water
41/2 per cent., 1914 Oct. 1, 1916-44 29,000 00
Refunding Trust fds 334 per cent., 1908 Sept. 1, 1916-18
12,000 00
Refunding Trust fds 334 per cent., 1911 March 1, 1916-21
23,750 00
Overdraft 4 per cent., 1907 June 1, 1916-17
4,000 00
Police Building
per cent., 1911 May 1, 1916-26
22,000 00
Police Building per cent., 1912 Feb. 15, 1916-17 2,000 00
School House
per cent., 1910 Nov. 1, 1916-25 20,000 00
Pleasant Street ext. 4
per cent., 1912 Dec. 2, 1916-19 8,000 00
Bonded debt of city Dec. 18, 1915 $721,250 00
LOANS IN ANTICIPATION OF REVENUE
Tax Notes No. 77-81 due April 3, 1916
75,000 00
Gross debt of City, Dec. 18, 1915 $796,250 00
ASSETS
Taxes of 1912 uncollected
$ 34 28
Taxes of 1913 uncollected 4,461 56
Taxes of 1914 uncollected
25,897 12
Taxes of 1915 uncollected
65,921 28
$ 96,314 24
Sprinkling Streets 1912 uncollected $ 2 84
Sprinkling Streets 1913 uncollected 6 11
Sprinkling Streets 1914 uncollected 434 32
Sprinkling Streets 1915 uncollected
976 09
1,419 36
Refunding
4 per cent., 1909 Nov. 1, 1924
93
CITY AUDITOR
CITY DEBTS AND ASSETS-Continued
ASSETS-Continued
Pres. of Trees uncollected $ 3 37
Pres. of Trees 1914 uncollected
162 29
Pres. of Trees 1915 uncollected
260 33
425 99
Betterments uncollected
1,450 55
Embezzlement and Surety Accounts
3,104 01
Cash in Ocean National Bank $49,816 30
Cash in American Trust Co. 11,654 61
Cash in Treasurer's Office 204 53
61,675 44
State of Mass. Soldiers' Burial $ 350 00
State of Mass. State Aid
8,455 00
Sinking Funds
8,805 00 $196,646 77
369,841 36
Total net debt Dec. 18, 1915
$426,408 64
Total net debt Dec. 19, 1914
471,146 63
Decrease in net debt
$ 44,737 99
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
1899
$289,566 47
$ 88,720 01
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
1915
426,408 64
44,737 99
*Water plant acquired.
BORROWING CAPACITY
Dec. 18, 1915.
Year Valuation
Add'I Assess. Total Value
Abatement
Net Value $12,440,919.
1913 12,617,958.
$467,438.
$13,085,396.
$644,477.
12,575,572.
1915 12,526,386.
133,900. 12,660,286. 154,430.
12,505,856.
$37,522,347.
Average net valuation for three years
$12,507,449.00
Debt limit 21/2% of $12,507,449
$312,686.22
City debt, omitting tax loans
$721,250 00
Debts outside the limit allowed by special Acts:
Sewer (Acts 1889 and 1900) $153,500 00
Water (Acts 1894, 1908 and 1913) 329,000 00
Hight School (Acts 1902, Chap. 237)
70,000 00
Debt within the limit
$552,500 00 $168,750 00
Total sinking funds $196,646 77
Less for debts outside the limit 158,431 41
Sinking funds for debts within the limit $ 38,215 36
Net debt within the limit
$130,534 64
Borrowing capacity Dec. 18, 1915
$182,151 58
1914 12,824,727.
110,300. 12,935,027. 359,455.
95
CITY AUDITOR
SINKING FUNDS
In Hands of Sinking Fund Commissioners.
Total amount of funds December 19, 1914
$183,978 65
Receipts during year :
From city, appropriation 1915
$ 5,700 00
From city, undrawn balance 1915
210 61
Income from investments
7,059 57
Premium on investments 26 40
$ 12,996 58
PAYMENTS
Premiums paid $ 192 74
135 72
Accrued interest paid
328 46
Total amount of funds December 18, 1915 $196,646 77
The above funds are apportioned to retire City debt as follows:
SEWERAGE LOAN
$107,500, 4 per cent., due Sept. 1, Oct. 1, Nov. 1, 1919.
Total funds, December 19, 1914 $87,463 77
Appropriation 1915 560 00
3,480 62
INVESTED
Newburyport + Sewer bonds, due Sept. 1, 1919 $29,000 00
Newburyport & Sewer bonds, due Oct. 1. 1919 7,500 00
Newburyport 4% Sewer bonds, due Nov. 1. 1919
35,000 00
Newburyport 31/2% Water bonds, due June 1, 1918
4,000 00
Newburyport 4% Overdraft bonds, due June 1, 1916-17
4,000 00
Utica 41/2% bonds due July 1, 1919 3,000 00
Dubuque 4% bonds due April 1, 1919
2,000 00
Waterbury 4% bonds due Jan. 1, 1919
1,000 00
Minneapolis 4% bonds due Oct. 15, 1919
2,000 00
Flint 412% bonds due April 1, 1919
2,000 00
Loraine 5% bonds due Sept. 15, 1919
2,000 00
Ocean National Bank, City 4 39
$ 91,504 39
HIGH SCHOOL LOAN $35,000 31/2% due July 1, 1922
Total funds, Dec. 19, 1914 $23,168 93
Appropriation, 1915 670 00
Net Income 1915 813 91
$ 24,652 84
91,504 39
Net Income 1915
$196,975 23
96
ANNUAL REPORTS
SINKING FUNDS-Continued. HIGH SCHOOL LOAN-Continued INVESTED
Newburyport, 31/2% High School Bonds due July 1, 1922 $23,000 00
Youngstown 41/2% Bonds due Oct. 1, 1919 1,000 00
Ocean National Bank, City 652 84
$ 24,652 84
HIGH SCHOOL LOAN $50,000 31/2%, due December 1, 1923
Total funds, Dec. 19, 1914 $27,175 35
Appropriation, 1915 1,450 00
Net Income, 1915 972 44
$ 29,597 79
INVESTED
Dubuque 4% Bonds due April 1, 1919
$ 4,000 00
Newburyport 31/2% High School Bonds, due July 1, 1922
3,000 00
Newburyport 31/2% High School Bonds due Dec. 1, 1923 3,000 00
Newburyport 31/2% Water Bonds due June 1, 1922-3-5. . 3,000 00
Newburyport 31/2 % Water Bonds due June 1, 1918 2,000 00
Newburyport 31/2% Water Bonds due June 1, 1928.
1,000 00
Youngstown 41/20% Bonds due Oct. 1, 1919 1,000 00
Beverly 4% Bonds due April 1, 1919
1,000 00
Fitchburg R. R. 31/2% Bonds due Oct. 1, 1921
10,000 00
Boston & Maine R. R. 31/2 % Bonds due Jan. 1, 1923
1,000 00
Five Cents Savings Bank, City 310 17
Ocean National Bank, City 287 62
$ 29,597 79
REFUNDING LOAN $62,000 4% due Nov. 1, 1924
Total funds, Dec. 19, 1914 $24,161 13
Appropriation 1915
2,560 00
Undrawn Balance of 1915
210 61
Net Income 1915
714 78
$ 27,646 52
INVESTED
Dubuque 4% Bonds due April 1, 1919 $ 3,000 00
Boston & Maine R. R. 31/20% 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
Youngstown 41/2% Bonds due Oct. 1, 1919
1,000 00
Newburyport 31/2% Sewer Bonds due Sept. 1, 1931
5,000 00
Canton 5% Bonds due March 1, 1919
5,000 00
Five Cents Savings Bank, City 435 91
Ocean National Bank, City 210 61
$ 27,646 52
97
CITY AUDITOR
SINKING FUNDS-Continued SEWERAGE LOAN $46,000 31% due Sept. 1, 1931
Total funds Dec. 19, 1914 $22,009 47
Appropriation 1915 460 00
Net Income 1915 775 76
$ 23,245 23
INVESTED
Newburyport 31/2% Sewer Bonds due Sept. 1, 1931 $21,000 00
Five Cents Savings Bank, City 2,245 23
$ 23,245 23
SUMMARY
City of Newburyport 4 per cent. overdraft, due June 1, 1916-17 $ 4,000 00
City of Newburyport 31/2 per cent., water, due June 1, 1918 11,000 00
City of Newburyport, 4 per cent., sewer, due Sept. 1, 1919 29,000 00
City of Newburyport 4 per cent., sewer, due Oct. 1, 1919 7,500 00
City of Newburyport 4 per cent., sewer, due Nov. 1, 1919.
35,000 00
City of Dubuque 4 per cent., sewer, due April 1, 1919 9,000 00
City of Waterbury 4 per cent., due Jan. 1, 1919
1,000 00
City of Canton 5 per cent., due March 1, 1919
5,000 00
City of Flint 41/2 per cent., due April 1, 1919
2,000 00
City of Loraine 5 per cent., due Sept. 15, 1919
2,000 00
City of Beverly 4 per cent., due April 1, 1919 1,000 00
City of Utica 41/2 per cent., due July 1, 1919 3,000 00
City of Youngstown 41/2 per cent., due Oct. 1, 1919 3,000 00
City of Minneapolis 4 per cent., due Oct. 15, 1919 2,000 00
Fitchburg R. R. Co. 31/2 per cent., due Oct. 1, 1921
10,000 00
City of Newburyport 31/2 per cent., High School, due July 1, 1922 City of Newburyport 31/2 per cent., water, due June 1, 1922-23-25. .
3,000 00
Boston & Maine R. R. Co. 31/2 per cent., due Jan. 1, 1923.
4,000 00
City of Newburyport 31/2 per cent., High School, due Dec. 1, 1923 Boston & Maine R. R. Co. 4 per cent., due Sept. 1, 1926
3,000 00
5,000 00
City of Newburyport 31/2 per cent., water, due June 1, 1928
1,000 00
City of Newburyport 31/2 per cent., sewer, due Sept. 1, 1931 26,000 00
Five Cents Savings Bank, Newburyport 2,991 31
Ocean National Bank, Newburyport 1,155 46
BONDS DEPOSITED WITH COMMISSIONERS
$196,646 77
J. L. McLean, City Marshal, $1,000 Massachusetts Bonding & Insurance Co., expires Jan. 7, 1916.
H. W. Little, City Clerk, $3,000 Massachusetts Bonding & Insurance Co., expires Jan. 6, 1916.
H. F. Whiton, Treasurer and Collector, $30,000 London & Lancashire G. & A. Co., expires July 19, 1916.
H. S. Noyes, Secretary and Treasurer Water Works, $5,000 Fidelity & Deposit Co., of Maryland, expires July 10, 1916.
26,000 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 audit the accounts of the trustees of any property, the principal or income of which, in whole or in part, was bequeathed or given iu 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 evi- dence 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 or treasurer of the town.
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