USA > Massachusetts > Essex County > Newburyport > City Officers and the Annual Reports to the City Council of Newburyport 1916 > Part 4
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466 91
Main pipe maintenance
155 43
Filter beds maintenance
222 47
Street standpipes maintenance
15 14
Artichoke River maintenance
2,354 28
Total maintenance $ 15,771 81
Net earnings
$ 46,574 46
PAYMENTS FOR DEBT
Bonds retired
$ 22,000 00
Interest on bonds 12,140 00
$ 34,140 00
Net income $ 12,434 46
Balance
$ 13,974 17
85
CITY AUDITOR PUBLIC SERVICE ENTERPRISES CONSTRUCTION ACCOUNT RECEIPTS .
Service pipe construction $ 303 08
Extension of mains
105 92
Total construction receipts
$
409 00
PAYMENTS
New supply (land damages $698.13) $ 1,870 61
Extension of mains
709 16
Service pipe construction
779 52
Service pipe construction, Newbury
85 05
New filter
10,105 57
Meters
217 62
Total paid for new construction
$ 13,767 53
Construction paid from earnings $ 13,358 53
Balance Dec. 16, 1916
$ 615 64
86
ANNUAL REPORT
Cemeteries
SALARIES AND WAGES
Appropriation
$ 250 00
PAYMENTS
Salary of Superintendent .
$ 250 00
MISCELLANEOUS PAYMENTS
Appropriation
$ 50 00
PAYMENTS
Rent of land for driveway $ 20 00
Use of water
15 00
Lawn mower
4 50
Iron pipe and labor
7 19
$ 46 69
Balance to general treasury
$ 3 31
87
CITY AUDITOR
Interest
Balance from 1915 coupons payable $ 742 50
Appropriation 34,000 00
$ 34,742 50
REVENUE, CREDITED TO INCOME ACCOUNT
Interest on overdue taxes and assessments $ 3,556 54
Interest from water commissioners 12,140 00
On bank deposits
2,347 12
$ 18,043 66
PAYMENTS
Interest on tax notes $ 3,862 62
Interest on bonds, High School
2,835 00
Interest on bonds, Currier School
820 00
Interest on bonds, Water
12,520 00
Interest on bonds, refunding J. V. F.
2,480 00
Interest on bonds, Sewer
5,910 00
Interest on bonds, refunding trust notes
1,265 62
Interest on bonds, overdraft
120 00
Interest on bonds, new police station
900 00
Interest on bonds, Pleasant St. Extension
320 00
$ 31,033 24
Balance forward
$ 3,709 26
88
ANNUAL REPORT
Miscellaneous
BROOMFIELD FUND CR.
From trustees of trust funds
DR.
.... . ..
$ 425 00
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
$ 715 40
City Parks, net MUNICIPAL INDEBTEDNESS
DR. $ 715 40
Gross city debt, Dec. 18, 1915
$796,250 00
89
CITY AUDITOR
Municipal Indebtedness
DEBTS INCURRED DURING 1916
Anticipation of revenue:
Note No. 1, dated Mar. 22, 1916, due Nov. 3, 1916 $ 25,000 00
Note No. 2, dated Mar. 22, 1916, due Nov. 3, 1916 25,000 00
Note No. 3, dated Mar. 22, 1916, due Nov. 3, 1916 25,000 00
Note No. 4, dated Mar. 22, 1916, due Nov. 3, 1916 25,000 00
Note No. 5, dated Mar. 22, 1916, due Nov. 3, 1916 10,000 00
Note No. 6, dated Mar. 22, 1916, due Nov. 3, 1916 10,000 00
Note No. 7, dated Mar. 22, 1916, due Nov. 3, 1916
10,000 00
Note No. 8, dated Mar. 22, 1916, due Nov. 3, 1916 10,000 00
Note No. 9, dated Mar. 22, 1916, due Nov. 3, 1916 10,000 00
Note No. 10, dated Mar. 22, 1916, due Nov. 3, 1916
10,000 00
Note No. 11, dated Dec. 5, 1916, due Apr. 2, 1917
25,000 00
Note No. 12, dated Dec. 5, 1916, due Apr. 2, 1917 25,000 00
Note No. 13, dated Dec. 5, 1916, due Apr. 2, 1917
25,000 00
$235,000 00
$1,031,250 00
DEBT PAID DURING YEAR
Notes Nos. 77-81 and 1-10, anticipation of revenue ... $235,000 00
Overdraft Bonds
2,000 00
Trust Fund Bonds
8,000 00
Water Bonds
22,000 00
Schoolhouse Bonds
2,000 00
Police Station Bonds
3,000 00
Pleasant Street Extension
2,000 00
$274,000 00
Gross city debt Dec. 16, 1916
$757,250 00
90
ANNUAL REPORT
Financial Statement for 1916
Statement of Income, Appropriations, and Balances for the Year Ending December 16, 1916 INCOME
Revenue Accounts
Receipts
Estimated Receipts
Corporation tax
$18,219 47
$12,500 00
National Bank tax
1,353 59
1,500 00
Street railway tax
1,939 41
1,600 00
Cemetery, sale of lots
126 00
100 00
Licenses and Permits
1,049 75
1,000 00
Interest
18,043 66
17,500 00
Fines, Forfeits and Rent
2,284 10
2,000 00
Public library
1,899 73
2,000 00
Municipal building
1,144 00
1,100 00
School department
6,055 40
5,000 00
Sealer of weights and measures
204 55
200 00
Treasurer and Collector's department
181 30
150 00
City Clerk's department
43 50
Miscellaneous receipts
1 25
Total income
$52,545 71
$44,650 00
Excess of income over estimate
$ 7,895 71
REVENUE ACCOUNTS
DEPARTMENT.
Transfers Appropri- to this de- ations. partment.
Total
Transfers from this
Expendi- tures.
To bal. account.
From balance account.
General Government
Aldermen and Council $
1,400
$ 1,405.00 $ 100.00 $
1,346.06 $
58.94
Mayor's office ..
..
1,250
1,250.10
1,259.89
$ 9.79
City auditor's dept. ..
1,050
1,050.20
1,016.10
34.10
Treas. and coll. dept.
2,600
2,602.35
2,680.89
78.54
Assessor's dept ..
2,500
2,500.05
2,480.13
19.92
Expense of bond and
note issue .
100
100.00
67.60
32,40
City clerk's dept.
1,650
1,650.00
1,676.96
26.96
City messenger's dept.
900
900.00
900.00
Law dept.
700
700.00
648.95
57.05
Elec. and registration
2,075
2,075.00
2,448.16
373.16
City hall
1,000 $ 250.00
1,252.00
1,329.19
77.19
Indexing Old Records
250
250.00
92.88
157.12
Protection of Life and Property
Police Department :-
Supervision
1,300
1,300.00
1,291.84
8.16
Salaries
12,500
12,523.00
12,470.00
53.00
Fuel
350
350.00
323.33
26.67
Light
300
300.37
229.07
71.30
Mainte'nce of bldgs.
750
750.00
712.83
37.17
Miscellaneous exp ...
500
500.00
438.45
61.55
Fire Department :-
Supervision
500
500.00
500.00
. .
Credits. department.
91
CITY AUDITOR
FINANCIAL STATEMENT
Salaries
9,400
9,501.00
9,436.55
64.45
Horses and care of
6,000
125.00
6,289.50
6,732.85
443.35
Fuel
650
650.00
636.04
13.96
Light
350
350.00
242.43
107.57
Hyd. ser. and water
3,550
3,550.00
3,523.65
26.35
Equipm't and rep'rs
800
854.00
573.23
280.77
Repairs on bldgs. .
500
500.00
608.01
108.01
Hose 7 House
500
500.00
453.00
47.00
Miscellaneous exp.
200
209.15
197.55
11.60
Fire Alarm and Wires
Supervision
300
300.00
300.00
Miscellaneous exp. ..
300
300.00
318.32
18.32
Insp. of plumbing
200
200.00
128.37
71.63
Sealer of weights
800
800.00
813.67
13.67
Moth extermination
1,800
2,762.45
2,830.87
68.42
Care of trees, (includ-
500
727.00
745.01
18.01
Harbor master
125
125.00
106.50
18.50
Health and Sanitation
500
500.00
500.00
Vital statistics
200
205.00
151.55
53.45
Miscellaneous exp.
3,000
3,388.28
3,212.41
175.87
Insp. of sch. children
300
300.00
300.00
Insp. of animals
300
300.00
300.00
Insp. meats and prov.
500
500.00
500.00
Insp. milk and vinegar
750
750.00
768.97
18.97
Sewer maintenance ..
300
390.52
446.90
56.38
Ashes and rubbish
2,500
3,012.71
3,237.02
224.31
Street cleaning
3,000
3,000.00
2,671.03
328.97
Care public conv. sta.
100
100.00
91.00
9,00
Transfers
Transfers
From
DEPARTMENT.
Appropri- to this de- ations.
Credits. department.
tures.
account.
account.
Highways and Bridges
Supt. and office exp. . $
1,600
$ 1,604.40
$ 1,549.86 $
54.54
Repairing
4,000 $ 200.00
5,024.53 $ 800.00
3,732.96
1,291.57
Culverts
800
800.00
443.48
356.52
Bridges
675
675.00
870.78
$ 195.78
Lighting
16,600
16,600.00
16,404.65
195.35
Sprinkling
2,400
7,222.11
875.00
6,516.81
705.30
Sidewalks and curbing
1,200
1,412.50
1,460.22
47.72
Snow removal
1,000
800.00
2,066.25
2,126.93
60.68
Miscellaneous
375
375.00
370.50
4.50
Charities
Poor department
12,000
14,095.04
16,643.53
2,548.49
Anna Jaques hospital
600
600.00
600.00
Homeopathic hospital
300
300.00
300.00
Mothers' Aid, Chap,
763, Acts 1913
1,000
1,123.00
1,144.06
21.06
Soldiers' Benefits
Military Aid
100
100.00
100.00
Soldiers' Relief
6,200
6,433.25
7,301.16
867.91
Care of Soldiers' Graves Education
50
50.00
50.00
Salaries
51,000
51,420.40
50,797.21
623.19
Miscellaneous
3,500
3,568.90
5,481.79
1,912.89
Fuel
3,250
3,250.00
3,108.81
141.19
Light
350
355.55
299.21
56.34
School buildings
1,000
338.00
1,346.60
1,864.23
517.63
Fire Escapes, High and Kelley Schools
1,320.00
1,320.00
1,320.00
Public Library
Salaries and wages
4,300
4,380.80
4,327.71
53.09
Miscellaneous paym'ts
350
402.97
301.37
101.60
Fuel
325
325.00
323.30
1.70
Light
275
275.00
225.94
49.06
Recreation
City parks
300
1,048.65
854.87
193.78
Atkinson common
500
500.00
466.31
33.69
Memorial day
300
300.00
300.00
Firemen's Mem. Sun.
75
75.00
75.00
Total from this
Expendi-
To bal.
balance
and measures
ing warden)
Supervision and labor
partment.
same
..
92
ANNUAL REPORT
FINANCIAL STATEMENT
49.96
Fourth of July Cel. .
100.00
500.00 1,405.00
549.96 892.29
512.71
Unclassified
City clocks .
75
75.00
75.00
Other City property .
300
400.00
361.55
38.45
Water for pub. bldgs.
1,500
1,500.00
1,500.00
Naval Battalion ..
500
500.00
450.80
49.20
Renumbering dwel'gs
225
225.00
225.00
Propagation of clams Ci meteries
300
300.00
244.82
55.18
Supervision and labor
250
250.00
250.00
Miscellaneous
50
50.00
46.69
3.31
Interest
34,000
742.50
34,742.50
31,033.24
3,709.26
Indebtedness
Cverdraft bonds
2,000
2,000.00
2,000.00
Refunding bonds, issue 1908
4,000
4,000.00
4,000.00
Sinking funds
5,500
5,500.00
5,500.00
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,
1,000
1,000.00
1,000.00
Refunding bonds, issue 1911
4,000
4,000.00
4,000.00
Pleasant Street Exten-
sion bonds
2,000
2,000.00
2,000.00
Total of app'd acc'ts $244,125 $3,875.50 $261,520.13 $1,775.00 $259,077.30 $10,200.03 $ 7,757.20 Fourth of July Cel. ..
Fourth of July Cel. ..
512.71
Excess of inc. over est. .
7,895.71
5,391.07
Highw'y rep'rs for con.
200.00
Fire Dept., new hose
500.00
Interest, bal. to new year
3,709.26
Sinking Funds, undrawn bal.
25.50
DEPARTMENT.
Transfers to Total Transfers Expendi-
Balance. department. Credits. From dept. tures.
Undrawn. Overdrawn
*State Aid
*Soldiers' Burial
400.00
Embezzlement and
Surety Accounts
3,104.01
$2,000.00
$5,104.01
$5,104.01
Uncalled for Claims
61.85
61.85
61.85
Judgments
500.00
500.00
1,642.56
1,142.56
Sewer Construction
674.94
1,288.20
777.42
510.78
Totals
$3,840.80 $2,500.00 $6,954.06
$11,046.98 $5,676.64
$9,769.56
* To have credit from state.
RECAPITULATION OF EXPENDITURES
General Government
$ 15,946 81
Protection of Life and Property
43,611 57
Health and Sanitation
12,178 88
Highways and Bridges
33,476 19
Charities
18,687 59
Soldiers' Benefits
7,301 16
Education
62,871 25
Library and Reading Room
5,178 32
Recreation
3,138 43
Unclassified
2,857 17
Cemeteries
296 69
Playgrounds
500
$18,095.74 $18.095.74
$8,227.00 400.00
$8,227.00
Abatement of taxes ...
issue 1912
93
CITY AUDITOR
FINANCIAL STATEMENT FOR 1916
Interest
31,033 24
Indebtedness
22,500 00
Payments from revenue $259,077 30
Payments from non revenue
11,046 98
$270,124 28
94
ANNUAL REPORT
Statement of Appropriations for 1917
Average valuation for 3 years less abatements
$12,533,605 00
The amount that may be assessed on $13.50 limit
169,203 66
Appropriation for water (outside the limit)
5,000 00
Estimated income $44,900. Less for indebtedness $11,300 ...
33,600 00
Amount available for city departments
207,803 66
Appropriation on account of indebtedness
52,000 00
Total amount that can be appropriated
$259,803 66
ESTIMATED APPROPRIATION FOR 1917 General Government
Aldermen and Council
$ 1,400 00
Mayor's Office
1,250 00
Auditor's Dept.
1,050 00
Treasurer's and Collector's Dept.
2,600 00
Assessors Dept.
2,500 00
Expense of Bond and Note Issue
100 00
City Clerk's Dept.
1,650 00
City Hall
1,800 00
Indexing old records and typewriting
250 00
City Messenger's Dept.
900 00
Law Dept.
700 00
Election and Registration
2,475 00
$ 16,675 00
Police Department
Supervision
$ 1,450 00
Salaries
15,500 00
Fuel
400 00
Light
300 00
Miscellaneous Expenses
500 00
Maintenance of Buildings
... 750 00
$ 18,900 00
Fire Department
Supervision and Asst. Chief Engineers
$ 890 00
Salaries
9,400 00
Horses and Care of Same
7,360 00
Fuel
750 00
Light
350 00
.
95
CITY AUDITOR
STATEMENT OF APPROPRIATIONS FOR 1917
Hydrant Service and Water
3,550 00
Equipment and Repairs
700 00
Miscellaneous Expenses
200 00
Maintenance of Buildings
600 00
New Hose
500 00
$ 24,300 00
Fire Alarm and Wires
Supervision, fire alarm and wires $ 300 00
Miscellaneous Expense of Fire Alarm
300 00
Inspection of plumbing and buildings
200 00
Sealer of weights and measures
800 00
Care of trees, including warden
500 00
Moth Extermination
1,800 00
Harbor Master
125 00
$ 4,025 00
Forward
$ 63,900 00
Health and Sanitation
Supervision
$ 500 00
Miscellaneous Expenses
2,800 00
Vital Statistics
200 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
400 00
Ashes and Rubbish
3,000 00
Street Cleaning
2,750 00
Care of Public Convenience Stations
100 00
$ 11,600 00
Highways and Bridges
Supervision and Office Expenses
$ 1,600 00
Reconstruction State St. from Newbury line
3,000 00
Reconstruction Pleasant St.
5,000 00
Repairing, including excise tax
3,000 00
Culverts
750 00
Bridges
1,488 00
Lighting
16,600 00
Sprinkling
2,300 00
Sidewalks and Curbing
1,500 00
Snow Removal
1,500 00
Miscellaneous
375 00
.
$ 37,113 00
96
ANNUAL REPORT
STATEMENT OF APPROPRIATIONS FOR 1917 Charities
Poor Department
$ 13,000 00
Mother's Aid
1,500 00
Anna Jaques Hospital
600 00
Homeopathic Hospital
300 00
$ 15,400 00
Soldier's Benefits
Military Aid
$ 100 00
Soldier's Relief
6,200 00
Care of Soldiers Graves
50 00
$ 6,350 00
Education
Salaries
$ 52,783 00
Miscellaneous
4,000 00
Fuel
3,750 00
Light
350 00
Maintenance of Buildings
2,500 00
$ 63,383 00
Public Library
Salaries and Wages
$ 4,475 00
Miscellaneous Payments
700 00
Fuel
375 00
Light
250 00
$ 5,800 00
Forward
$203,546 00
Recreation
City Parks
$ 300 00
Atkinson Common
500 00
Playgrounds
500 00
Memorial Day
300 00
Firemen's Memorial Sunday
75 00
$ 1,675 00
Unclassified
Naval Battalion
$ 100 00
Propagation of Clams
300 00
City Clocks
75 00
Other City Property
300 00
Water for Public Buildings
1,500 00
$ 2,275 00
Supervision, salaries and wages
$ 250 00
Miscellaneous
50 00
$ 300 00
Interest
$ 30,000 00
97
CITY AUDITOR
STATEMENT OF APPROPRIATIONS FOR 1917 Indebtedness
Overdraft Bonds
$ 2,000 00
Refunding Bonds, issue 1908
4,000 00
Refunding Bonds, issue 1911
4,000 00
Schoolhouse Bonds
2,000 00
Police Station Bonds, issue 1911
2,000 00
Police Station Bonds, issue 1912
1,000 00
Pleasant St. Extension Bonds
2,000 00
Sinking Funds
5,000 00
$ 22,000 00 $259,796 00
98
ANNUAL REPORT
City Debts and Assets
Dec. 16, 1916.
Bonds and Notes Rate Issued Due
Amount
Sewer
4 per cent., 1889 Sept., Oct., Nov., 1919
$107,500.00
High School
31/2 per cent., 1902 July 1, 1922. 35,000 00
High School
31/2 per cent., 1903 Dec. 1, 1923. 50,000 00
Refunding
4 per cent., 1909 Nov. 1, 1924. 62,000 00
Sewer 31/2 per cent., 1901 Sept. 1, 1931. 46,000 00
Water
31/2 per cent., 1904 June 1, 1917-34 199,000 00
Water
4 per cent., 1908 July 1, 1917-38 55,000 00
Water
4 per cent., 1911 Dec. 1, 1917-21. 10,000 00
Water
41/2 per cent., 1914 Oct. 1, 1917-19 15,000 00
Water
41/2 per cent., 1914 Oct. 1, 1917-44. 28,000 00
Refunding Trust fds 334 per cent., 1908 Sept. 1, 1917-18 8,000 00
Refunding Trust fds 334 per cent., 1911 Mar. 1, 1917-21.
19,750 00
Overdraft
4 per cent., 1907 June 1, 1917.
2,000 00
Police Building
4 per cent., 1911 May 1, 1917-26.
20,000 00
Police Building
4 per cent., 1912 Feb. 15, 1917.
1,000 00
School House
4 per cent., 1910 Nov. 1, 1917-25
18,000 00
Pleasant Street ext.
4 per cent., 1912 Dec. 2, 1917-19 6,000 00
Bonded debt of city Dec. 16, 1916. $682,250 0C
LOANS IN ANTICIPATION OF REVENUE
Tax Notes Nos. 11, 12, 13 due April 2, 1917
75,000 00
Gross debt of City, Dec. 16, 1916. $757,250 00
ASSETS
Taxes of 1913 uncollected
$ 2,753 50
Taxes of 1914 uncollected
3,395 64
Taxes of 1915 uncollected
26,429 83
Taxes of 1916 uncollected
62,082 34
$ 94,661 31
1
Sprinkling Streets 1914 uncollected $ 25 01
Sprinkling Streets 1915 uncollected
429 29
Sprinkling Streets 1916 uncollected
997 65
$
1,451 95
Pres. of Trees 1913 uncollected $ 2 20
Pres. of Trees 1914 uncollected 25 21
Pres of Trees 1915 uncollected 128 17
Pres. of Trees 1916 uncollected
220 34
375 92
99
CITY AUDITOR
CITY DEBTS AND ASSETS.
Betterments uncollected
1,358 67
Embezzlement and Surety Accounts
5,104 01
Cash in Ocean National Bank $ 64,968 00
Cash in American Trust Company 10,495 28
Cash in Treasurer's Office 165 91
$ 75,629 19
State of Mass. Soldiers' Burial $ 400 00
State of Mass. State Aid
8,227 00
Sinking Funds
$ 8,627 00 $209,603 42
$396,811 47
Total net debt Dec. 16, 1916
$360,438 53
Total net debt Dec. 18, 1916
426,408 64
Decrease in net debt
$ 65,970 11
100
ANNUAL REPORT
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
J911
507,916 05
33,432 29
1912
518,129 41
10,213 63
1913
464,470 01
53,659 40
1914
471,146 63
6,676 62
1915
426,408 64
44,747 99
1916
360,438 53
65,970 11
*Water plant acquired.
BORROWING CAPACITY
Dec. 16, 1916.
Year Valuation Add'l Assess. Total Val. Abatements Net Value
1914
$12,824,727. $110,300. $12,935,027. $413,638. $12,521,389
1915 12,526,386. 136,600. 12,662,986. 198,100. 12,464,886
1916
12,602,934. 250,745. 12,853,679.
239,140. 12,614,539
$37,600,814
Average net valuation for three years $ 12,533,605 00
Debt limit 21/2 per cent of $12,533,605
$313,340 12
City debt, omitting tax loans
682,250 00
Debt outside the limit allowed by Special Acts:
Sewer (Acts 1889 and 1900) $153,500 00
Water (Acts 1894, 1908 and 1913) 307,000 00
High School (Acts 1902, Chap. 237)
70,000 00
$ 530,500 00
Debt within the limit $ 151,750 00 Total sinking funds $209,603 42
Less for debts outside the limit 167,267 27
Sinking funds for debt within the limit $ 42,336 15
Net debt within the limit $109,413 85 Borrowing capacity Dec. 16, 1916 $203,926 27
101
CITY AUDITOR
Sinking Funds
In Hands of Sinking Fund Commissioners.
Total amount of funds December 18, 1915 $196,646 77
Receipts during year :
From city, appropriation 1916 $ 5,500 00
From city, undrawn balance 1916
25 50
Income from investments
7,501 88
Premiums on investments
139 95
13,167 .33
$209,814 10
PAYMENTS
Premiums paid $ 146 60
Accrued interest paid
64 08
210 68
Total amount of funds December 16, 1916 209,603 42 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 18, 1915 $ 91,504 39
Appropriation 1916 240 00
Net Income 1916 3,645 13
$ 95,389 52
INVESTED
Newburyport 4 per cent., Sewer bonds, due Sept. 1, 1919 $ 29,000 00
Newburyport 4 per cent., Sewer bonds, due Oct. 1, 1919 7,500 00
Newburyport 4 per cent., Sewer bonds, due Nov. 1, 1919 35,000 00
Newburyport 31/2 per cent., Water bonds, due June 1, 1918 6,000 00
Newburyport 4 per cent., Overdraft bonds, due June 1, 1916-17 2,000 00
Utica 41/2 per cent., bonds due July 1, 1919 3,000 00
Dubuque 4 per cent., bonds due April 1, 1919 5,000 00
Waterbury 4 per cent., bonds due Jan. 1, 1919 1,000 00
Minneapolis 4 per cent., bonds due Oct. 15, 1919 2,000 00
Flint 41/2 per cent., bonds due April 1, 1919 2,000 00
102
ANNUAL REPORT
SINKING FUNDS
Loraine 5 per cent., bonds due Sept. 15, 1919 2,000 00
Five Cent Savings Bank, City
889 52
$ 95,389 52
HIGH SCHOOL LOAN $35,000, 31/2 per cent., due July 1, 1922.
Total funds, Dec. 18, 1915 $ 24,652 84
Appropriation, 1916 600 00
Net Income, 1916 888 48 26,141 32
INVESTED
Newburyport, 31/2 per cent., High School bonds due July 1, 1922
$ 24,000 00
Youngstown, 41/2 per cent., bonds due Oct. 1, 1919 1,000 00
Bridgeport, 41/2 per cent., bonds due July 1, 1923. 1,000 00
Ocean National Bank, City 141 32
$ 26,141 32
HIGH SCHOOL LOAN $50,000, 31/2 per cent., due December 1, 1923.
Total funds, Dec. 19, 1915
$ 29,597 79
Appropriation, 1916 1,450 00
Net Income, 1916
1,059 85
$ 32,107 64
INVESTED
Dubuque 4 per cent., bonds due April 1, 1919 $ 4,000 00
Newburyport 31/2 per cent., High School bonds, due July 1, 1922 3,000 00
Newburyport 31/2 per cent., High School bonds, due Dec. 1, 1923
3,000 00
Newburyport 31/2 per cent., Water bonds due June 1, 1922-3-5
3,000 00
Concord & Montreal R. R. 4 per cent., bonds due June 1, 1920
3,000 00
Newburyport 31/2 per cent., Water bonds due June 1, 1928
1,000 00
Youngstown 412 per cent., bonds due Oct. 1, 1919 1,000 00 Bridgeport 41/2 per cent., Bonds due Oct. 1, 1919 1,000 00
Bridgeport 41/4 per cent., Bonds due July 1, 1923 2,000 00
Beverly 4 per cent., Bonds due April 1, 1919
1,000 00
Fitchburg R. R. 31/2 per cent., Bonds due Oct. 1, 1921. .
10,000 00
Boston & Maine R. R. 31/2 per cent., Bonds due Jan. 1, 1923 1,000 00
Five Cents Savings Bank, City 107 64
$ 32,107 64
103
CITY AUDITOR
SINKING FUNDS REFUNDING LOAN $62,000 4 per cent., due Nov. 1, 1924.
Total Funds, Dec. 18, 1915 $ 27,646 52
Appropriation, 1916 2,560 00
Net Income, 1916
926 19
$ 31,132 71
INVESTED
Bridgeport 414 per cent., Bonds due July 1, 1925 $ 5,000 00 Boston & Maine R. R. 31/2 per cent., Bonds due Jan.
1, 1923 3,000 00
Boston & Maine R. R. 4 per cent., Bonds due Sept. 1, 1926
5,000 00
Newburyport 31/2 per cent., Water Bonds due June 1, 1918 5,000 00
Newburyport 31/2 per cent., Water Bonds due June June 1, 1925 1,000 00
Youngstown 41/2 per cent., Bonds due Oct. 1, 1919
1,000 00
Newburyport 31/2 per cent., Sewer Bonds, due Sept. 1, 1931 5,000 00
Canton 5 per cent., Bonds due March 1, 1919
5,000 00
Concord & Montrreal R. R. 4 per cent., Bonds due June 1, 1920 1,000 00
Ocean National Bank, City
132 71
$ 31,132 71
SEWERAGE LOAN $46,000 31/2 per cent., due Sept. 1, 1931.
Total Funds, Dec. 18, 1915 $ 23,245 23
Appropriation, 1916 650 00
Net Income, 1916
911 50
Undrawn Balance, 1916
25 50
$ 24,832 23
INVESTED
Newburyport 31/2 per cent., Sewer Bonds due Sept.
1, 1931 $ 21,000 00
Lake Shore & Michigan R. R. 4 per cent., Bonds due May 1, 1931 1,000 00
Five Cents Saving Bank, City 2,114 99
Ocean National Bank, City 717 24
$ 24,832 23
104
ANNUAL REPORT
SINKING FUNDS
SUMMARY
City of Newburyport 4 per cent overdraft, due June 1, 1917 $ 2,000 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., 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 Mar. 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
Concord & Montreal R. R. 4 per cent., due Jan. 1, 1920 4,000 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. .
27,000 00
City of Newburyport 31/2 per cent., water, due June 1, 1922-3-5-8 ... 5,000 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. .
3,000 00
City of Bridgeport 41/4 per cent., due July 1, 1923 Boston & Maine R. R. Co. 4 per cent., due Sept. 1, 1926
3,000 00
City of Bridgeport 41/4 per cent., due July 1, 1925 5,000 00
Lake Shore & Michigan & Southern 4 per cent., due May 1, 1931. . 1,000 00
('ity of Newburyport 31/2 per cent., sewer, due Sept. 1, 1931 26,000 00
Five Cents Savings Bank, Newburyport 3,112 15
Ocean National Bank, Newburyport 991 27
$209,603 42
BONDS DEPOSITED WITH COMMISSIONERS
J. L. McLean, City Marshal, $1,000 Massachusetts Bonding & Insurance Co., expires Jan. 7, 1917.
H. W. Little, City Clerk, $3,000 Massachusetts Bonding & Insurance Co., expires Jan. 6, 1917.
H. F. Whiton, Treasurer and Collector, $30,000 London & Lancashire G. & A. Co., expires July 19, 1917.
H. S. Noyes, Secretary and Treasurer Water Works, $5,000 Fidelity & Deposit Co., of Maryland, expires July 10, 1917.
5,000 00
105
CITY AUDITOR
Trust Funds
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 ac- counts 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 evidence 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 treas- urer of the town.
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